EX-4.1





 Exhibit 4.1



 


GREAT PLAINS ENERGY INCORPORATED




AND




THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.




Trustee




 






SUBORDINATED INDENTURE




Dated as of           ,      




 





 









 








CROSS REFERENCE SHEET SHOWING THE LOCATION IN THE INDENTURE OF THE

PROVISIONS INSERTED CORRELATIVE TO SECTIONS 310 THROUGH 318(a),

INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939




	 	 	 	 	 
	Section of Act	 	 	Indenture Section
	310(a)	(1)
	 	 	9.09
	(a)	(2)
	 	 	9.09
	(a)	(3)
	 	 	Not Applicable
	(a)	(4)
	 	 	Not Applicable
	(a)	(5)
	 	 	9.09
	(b)	 	 
	 	9.08
	(c)	 	 
	 	Not Applicable
	311(a)	 	 
	 	9.14
	(b)	 	 
	 	9.14
	(c)	 	 
	 	Not Applicable
	312(a)	 	 
	 	7.01 and 7.02(a)
	(b)	 	 
	 	7.02(b)
	(c)	 	 
	 	7.02(c)
	313(a)	 	 
	 	7.04(a)
	(b)	 	 
	 	7.04(b)
	(c)	 	 
	 	7.04(d)
	(d)	 	 
	 	7.04(c)
	314(a)	 	 
	 	7.03 and 6.06
	(b)	 	 
	 	Not Applicable
	(c)	(1)
	 	 	1.03 and 16.06
	(c)	(2)
	 	 	1.03 and 16.06
	(c)	(3)
	 	 	Not Applicable
	(d)	 	 
	 	1.03 and 4.06
	(e)	 	 
	 	16.06(b)
	(f)	 	 
	 	Not Applicable
	315(a)	 	 
	 	9.01
	(b)	 	 
	 	8.08
	(c)	 	 
	 	9.01(a)
	(d)	 	 
	 	9.01(b)
	(e)	 	 
	 	8.09
	316(a)	 	 
	 	8.07 and 10.04
	(b)	 	 
	 	8.04(b) and 13.02
	(c)	 	 
	 	10.06
	317(a)	(1)
	 	 	8.02(b)
	(a)	(2)
	 	 	8.02(c)
	(b)	 	 
	 	5.02 and 6.04
	318(a)	 	 
	 	16.08








 




			
	NOTE:	 	This Cross Reference Sheet is not, for any purpose, deemed to be a part of the Indenture.






 









 







TABLE OF CONTENTS




	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	Section 1.01 General
	 	 	1	 
	Section 1.02 Trust Indenture Act
	 	 	1	 
	Section 1.03 Definitions
	 	 	2	 
	 
	 	 	 	 
	ARTICLE II FORM, ISSUE, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES
	 	 	6	 
	 
	 	 	 	 
	Section 2.01 Forms Generally
	 	 	6	 
	Section 2.02 Form Of Trustee’s Certificate Of Authentication
	 	 	6	 
	Section 2.03 Amount Unlimited
	 	 	7	 
	Section 2.04 Denominations, Dates, Interest Payment And Record Dates
	 	 	7	 
	Section 2.05 Execution, Authentication, Delivery And Dating
	 	 	8	 
	Section 2.06 Exchange And Registration Of Transfer Of Notes
	 	 	11	 
	Section 2.07 Mutilated, Destroyed, Lost Or Stolen Notes
	 	 	12	 
	Section 2.08 Temporary Notes
	 	 	13	 
	Section 2.09 Cancellation Of Notes Paid, Etc.
	 	 	13	 
	Section 2.10 Interest Rights Preserved
	 	 	13	 
	Section 2.11 Special Record Date
	 	 	13	 
	Section 2.12 Payment Of Notes
	 	 	14	 
	Section 2.13 Notes Issuable In The Form Of A Global Note
	 	 	14	 
	Section 2.14 CUSIP And ISIN Numbers
	 	 	16	 
	Section 2.15 Extension of Interest Payment Periods
	 	 	17	 
	 
	 	 	 	 
	ARTICLE III REDEMPTION OF NOTES
	 	 	17	 
	 
	 	 	 	 
	Section 3.01 Applicability of Article
	 	 	17	 
	Section 3.02 Notice of Redemption; Selection of Notes
	 	 	17	 
	Section 3.03 Payment of Notes On Redemption; Deposit of Redemption Price
	 	 	18	 
	 
	 	 	 	 
	ARTICLE IV SINKING FUNDS
	 	 	19	 
	 
	 	 	 	 
	Section 4.01 Applicability of Article
	 	 	19	 
	Section 4.02 Satisfaction of Sinking Fund Payments With Notes
	 	 	19	 
	Section 4.03 Redemption of Notes For Sinking Fund
	 	 	20	 
	 
	 	 	 	 
	ARTICLE V SATISFACTION AND DISCHARGE; UNCLAIMED MONEYS
	 	 	20	 
	 
	 	 	 	 
	Section 5.01 Satisfaction And Discharge of Indenture
	 	 	20	 
	Section 5.02 Application of Trust Funds; Indemnification
	 	 	21	 
	Section 5.03 Legal Defeasance
	 	 	22	 
	Section 5.04 Covenant Defeasance
	 	 	24	 
	Section 5.05 Repayment To Company
	 	 	25	 





ii








 





	 	 	 	 	 
	 	 	Page	 
	ARTICLE VI PARTICULAR COVENANTS OF THE COMPANY
	 	 	25	 
	 
	 	 	 	 
	Section 6.01 Payment of Principal And Interest
	 	 	25	 
	Section 6.02 Offices For Payments, Etc.
	 	 	25	 
	Section 6.03 Appointment To Fill a Vacancy In Office of Trustee
	 	 	26	 
	Section 6.04 Provision As To Paying Agent
	 	 	26	 
	Section 6.05 Corporate Existence
	 	 	27	 
	Section 6.06 Certificates And Notice To Trustee
	 	 	27	 
	Section 6.07 Statement By Officers As To Default
	 	 	27	 
	 
	 	 	 	 
	ARTICLE VII NOTEHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	 	 	27	 
	 
	 	 	 	 
	Section 7.01 Company To Furnish Noteholder Lists
	 	 	27	 
	Section 7.02 Preservation And Disclosure of Noteholder Lists
	 	 	28	 
	Section 7.03 Reports By The Company
	 	 	29	 
	Section 7.04 Reports By The Trustee
	 	 	29	 
	 
	 	 	 	 
	ARTICLE VIII REMEDIES OF THE TRUSTEE AND NOTEHOLDERS ON EVENTS OF DEFAULT
	 	 	30	 
	 
	 	 	 	 
	Section 8.01 Events of Default
	 	 	30	 
	Section 8.02 Collection of Indebtedness By Trustee; Trustee May Prove Debt
	 	 	32	 
	Section 8.03 Application of Proceeds
	 	 	34	 
	Section 8.04 Limitations On Suits By Noteholders
	 	 	35	 
	Section 8.05 Suits For Enforcement
	 	 	35	 
	Section 8.06 Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of Default
	 	 	36	 
	Section 8.07 Direction Of Proceedings And Waiver Of Defaults By Majority Of Noteholders
	 	 	36	 
	Section 8.08 Notice Of Default
	 	 	37	 
	Section 8.09 Undertaking To Pay Costs
	 	 	37	 
	Section 8.10 Restoration Of Rights On Abandonment Of Proceedings
	 	 	37	 
	Section 8.11 Waiver Of Usury, Stay Or Extension Laws
	 	 	37	 
	 
	 	 	 	 
	ARTICLE IX CONCERNING THE TRUSTEE
	 	 	38	 
	 
	 	 	 	 
	Section 9.01 Duties And Responsibilities Of Trustee
	 	 	38	 
	Section 9.02 Reliance On Documents, Opinions, Etc.
	 	 	39	 
	Section 9.03 No Responsibility For Recitals, Etc.
	 	 	40	 
	Section 9.04 Trustee, Authenticating Agent, Paying Agent Or Registrar May Own Notes
	 	 	41	 
	Section 9.05 Moneys To Be Held In Trust
	 	 	41	 
	Section 9.06 Compensation And Expenses Of Trustee
	 	 	41	 
	Section 9.07 Officers’ Certificate As Evidence
	 	 	41	 
	Section 9.08 Conflicting Interest Of Trustee
	 	 	42	 
	Section 9.09 Existence And Eligibility Of Trustee
	 	 	42	 





iii








 






	 	 	 	 	 
	 	 	Page	 
	Section 9.10 Resignation Or Removal Of Trustee
	 	 	42	 
	Section 9.11 Appointment Of Successor Trustee
	 	 	43	 
	Section 9.12 Acceptance By Successor Trustee
	 	 	43	 
	Section 9.13 Succession By Merger, Etc.
	 	 	44	 
	Section 9.14 Limitations On Rights Of Trustee As A Creditor
	 	 	45	 
	Section 9.15 Authenticating Agent
	 	 	45	 
	 
	 	 	 	 
	ARTICLE X CONCERNING THE NOTEHOLDERS
	 	 	46	 
	 
	 	 	 	 
	Section 10.01 Action By Noteholders
	 	 	46	 
	Section 10.02 Proof Of Execution By Noteholders
	 	 	46	 
	Section 10.03 Persons Deemed Absolute Owners
	 	 	46	 
	Section 10.04 Company-Owned Notes Disregarded
	 	 	46	 
	Section 10.05 Revocation Of Consents; Future Holders Bound
	 	 	47	 
	Section 10.06 Record Date For Noteholder Acts
	 	 	47	 
	 
	 	 	 	 
	ARTICLE XI NOTEHOLDERS’ MEETING
	 	 	47	 
	 
	 	 	 	 
	Section 11.01 Purposes Of Meetings
	 	 	47	 
	Section 11.02 Call Of Meetings By Trustee
	 	 	48	 
	Section 11.03 Call Of Meetings By Company Or Noteholders
	 	 	48	 
	Section 11.04 Qualifications For Voting
	 	 	48	 
	Section 11.05 Regulations
	 	 	48	 
	Section 11.06 Voting
	 	 	49	 
	Section 11.07 Rights Of Trustee Or Noteholders Not Delayed
	 	 	49	 
	 
	 	 	 	 
	ARTICLE XII CONSOLIDATION, MERGER, SALE, TRANSFER OR CONVEYANCE
	 	 	50	 
	 
	 	 	 	 
	Section 12.01 Company May Consolidate, Etc. Only On Certain Terms
	 	 	50	 
	Section 12.02 Successor Corporation Substituted
	 	 	50	 
	 
	 	 	 	 
	ARTICLE XIII SUPPLEMENTAL INDENTURES
	 	 	50	 
	 
	 	 	 	 
	Section 13.01 Supplemental Indentures Without Consent Of Noteholders
	 	 	50	 
	Section 13.02 Supplemental Indentures With Consent Of Noteholders
	 	 	52	 
	Section 13.03 Compliance With Trust Indenture Act; Effect Of Supplemental Indentures
	 	 	53	 
	Section 13.04 Notation On Notes
	 	 	53	 
	Section 13.05 Evidence Of Compliance Of Supplemental Indenture To Be Furnished Trustee
	 	 	53	 
	 
	 	 	 	 
	ARTICLE XIV IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
	 	 	54	 
	 
	 	 	 	 
	Section 14.01 Indenture And Notes Solely Corporate Obligations
	 	 	54	 
	 
	 	 	 	 
	ARTICLE XV SUBORDINATION OF NOTES
	 	 	54	 





iv








 





	 	 	 	 	 
	 	 	Page	 
	Section 15.01 Notes Subordinate to Senior Indebtedness
	 	 	54	 
	Section 15.02 Payment Over of Proceeds of Notes
	 	 	54	 
	Section 15.03 Disputes with Holders of Certain Senior Indebtedness
	 	 	56	 
	Section 15.04 Subrogation
	 	 	56	 
	Section 15.05 Obligation of Company Unconditional
	 	 	56	 
	Section 15.06 Priority of Senior Indebtedness upon Maturity
	 	 	57	 
	Section 15.07 Trustee as Holder of Senior Indebtedness
	 	 	57	 
	Section 15.08 Notice to Trustee to Effectuate Subordination
	 	 	57	 
	Section 15.09 Modification, Extension, Etc., of Senior Indebtedness
	 	 	58	 
	Section 15.10 Trustee Has No Fiduciary Duty to Holders of Senior Indebtedness
	 	 	58	 
	Section 15.11 Paying Agents Other Than Trustee
	 	 	58	 
	Section 15.12 Rights of Holders of Senior Indebtedness Not Impaired
	 	 	58	 
	Section 15.13 Effect of Subordination Provisions; Termination
	 	 	59	 
	 
	 	 	 	 
	ARTICLE XVI MISCELLANEOUS PROVISIONS
	 	 	59	 
	 
	 	 	 	 
	Section 16.01 Provisions Binding On Company’s Successors
	 	 	59	 
	Section 16.02 Official Acts By Successor Corporation
	 	 	59	 
	Section 16.03 Notices
	 	 	59	 
	Section 16.04 Governing Law
	 	 	59	 
	Section 16.05 Waiver of Trial By Jury
	 	 	59	 
	Section 16.06 Evidence Of Compliance With Conditions Precedent
	 	 	59	 
	Section 16.07 Business Days
	 	 	61	 
	Section 16.08 Trust Indenture Act To Control
	 	 	61	 
	Section 16.09 Table Of Contents, Headings, Etc.
	 	 	61	 
	Section 16.10 Execution In Counterparts
	 	 	61	 
	Section 16.11 Manner Of Mailing Notice To Noteholders
	 	 	61	 
	 
	 	 	 	 
	TESTIMONIUM
	 	 	 	 
	SIGNATURES AND SEALS
	 	 	 	 
	ACKNOWLEDGMENTS
	 	 	 	 





v








 





          THIS INDENTURE, dated as of          ,     , between GREAT PLAINS ENERGY INCORPORATED, a
corporation duly organized and existing under the laws of the State of Missouri (the “COMPANY”),
and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, as trustee
(the “TRUSTEE”).




W I T N E S S E T H




          WHEREAS, for its lawful corporate purposes, the Company has duly authorized the execution and
delivery of this Indenture to provide for the issuance from time to time of its unsecured
subordinated debentures, notes or other evidences of indebtedness (the “Notes”), to be issued in
one or more series as in this Indenture provided; and




          WHEREAS, all acts and things necessary to make this Indenture a valid and legally binding
agreement according to its terms have been done and performed, and the execution of this Indenture
and the issue hereunder of the Notes have in all respects been duly authorized;




          NOW THEREFORE, THIS INDENTURE WITNESSETH: That in order to declare the terms and conditions
upon which the Notes are, and are to be authenticated, issued and delivered, and in consideration
of the premises, of the purchase and acceptance of the Notes by the Holders thereof and of the sum
of one dollar duly paid to it by the Trustee at the execution of this Indenture, the receipt
whereof is hereby acknowledged, the Company covenants and agrees with the Trustee for the equal and
proportionate benefit of the respective Holders from time to time of the Notes or of any series
thereof, as follows:




ARTICLE I




DEFINITIONS




     Section 1.01 General.



          (a) The terms defined in this Article I (whether or not capitalized and except as herein
otherwise expressly provided or unless the context otherwise requires) for all purposes of this
Indenture and of any indenture supplemental hereto or Company Order (as hereinafter defined) shall
have the respective meanings specified in this Article I.




          (b) All accounting terms used herein and not expressly defined herein shall have the meanings
assigned to them in accordance with generally accepted accounting principles in the United States
of America, and, except as otherwise herein expressly provided, the term “generally accepted
accounting principles” with respect to any computation required or permitted hereunder shall mean
such accounting principles as are generally accepted in the United States of America at the date of
such computation; PROVIDED, that when two or more principles are so generally accepted, it shall
mean that set of principles consistent with those in use by the Company.




     Section 1.02 Trust Indenture Act.



1









 





          (a) Whenever this Indenture refers to a provision of the Trust Indenture Act of 1939, as
amended (the “TIA”), such provision is incorporated by reference in and made a part of this
Indenture.




          (b) Unless otherwise indicated, all terms used in this Indenture that are defined by the TIA,
defined by the TIA by reference to another statute or defined by a rule of the Commission under the
TIA shall have the meanings assigned to them in the TIA or such statute or rule as in force on the
date of execution of this Indenture.




          (c) The Company and the Trustee agree to comply with the TIA notwithstanding any exemption
that may be available thereunder.




     Section 1.03 Definitions.



     For purposes of this Indenture, the following terms shall have the following meanings.



     “Authenticating Agent” shall mean any agent of the Trustee which shall be appointed and acting
pursuant to Section 9.15 hereof.



     “Authorized Agent” shall mean any agent of the Company designated as such by an Officers’
Certificate delivered to the Trustee.



     “Board Of Directors” shall mean the Board of Directors of the Company or the Executive
Committee of such Board or any other duly authorized committee of such Board.



     “Board Resolution” shall mean a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in
full force and effect on the date of such certification, and delivered to the Trustee.



     “Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday that is not a
day on which banking institutions or trust companies in the Borough of Manhattan, the City and
State of New York, the state of Missouri, or in the city where the Corporate Trust Office of the
Trustee is located, are obligated or authorized by law or executive order to close, except as
otherwise specified in a Company Order pursuant to Section 2.05 hereof.



     “Commission” shall mean the United States Securities and Exchange Commission, or if at any
time hereafter the Commission is not existing or performing the duties now assigned to it under the
TIA, then the body performing such duties.



     “Company” shall mean the Person named as the “Company” in the first paragraph of this
instrument until a successor Person shall have become such pursuant to the applicable provisions of
this Indenture, and thereafter “Company” shall mean such successor Person.



     “Company Order” shall mean a written order or certificate signed in the name of the Company by
one of the Chairman, the Chief Executive Officer, the President, any Vice President, the Treasurer
or an Assistant Treasurer of the Company, and delivered to the Trustee. At the Company’s option, a
Company Order may take the form of a supplemental indenture to this Indenture.



2









 





     “Corporate Trust Office of the Trustee”, or other similar term, shall mean the designated
corporate trust office of the Trustee, at which at any particular time its corporate trust business
shall be administered which office at the date hereof is located at 2 North LaSalle Street, Suite
1020, Chicago, Illinois 60602.



     “Debt” shall mean any outstanding obligations of the Company for money borrowed, whether or
not evidenced by notes, debentures, bonds or other securities, reimbursement obligations under
letters of credit, or guarantees of any such obligations issued by another Person.



     “Depositary” shall mean, unless otherwise specified in a Company Order pursuant to Section
2.05 hereof, The Depository Trust Company, New York, New York (“DTC”), or any successor thereto
registered and qualified as a clearing agency under the Securities Exchange Act of 1934, as
amended, or other applicable statute or regulation.



     “Event Of Default” shall mean any event specified in Section 8.01 hereof, continued for the
period of time, if any, and after the giving of the notice, if any, therein designated.



     “Global Note” shall mean a Note that, pursuant to Section 2.05 hereof, is delivered to the
Depositary or pursuant to the instructions of the Depositary and that shall be registered in the
name of the Depositary or its nominee.



     “Holder”, “Holder of Notes” or “Noteholder” shall mean any Person in whose name at the time a
particular Note is registered on the books of the Trustee kept for that purpose in accordance with
the terms hereof.



     “Indenture” shall mean this instrument as originally executed or, if amended or supplemented
as herein provided, as so amended or supplemented, and shall include the terms and provisions of a
particular series of Notes established pursuant to Section 2.05 hereof.



     “Interest Payment Date”, when used with respect to any Note, shall mean (a) each date
designated as such for the payment of interest on such Note specified in a Company Order pursuant
to Section 2.05 hereof (provided that, unless otherwise specified in such Company Order, the first
Interest Payment Date for such Note, the Original Issue Date of which is after a Regular Record
Date but prior to the respective Interest Payment Date, shall be the Interest Payment Date
following the next succeeding Regular Record Date), (b) a date of Maturity of such Note and (c)
only with respect to defaulted interest on such Note, the date established by the Trustee for the
payment of such defaulted interest pursuant to Section 2.11 hereof.



     “Maturity,” when used with respect to any Note, shall mean the date on which the principal of
such Note becomes due and payable as therein or herein provided, whether at the Stated Maturity
thereof or by declaration of acceleration, redemption or otherwise.



     “Note” or “Notes” has the meaning stated in the first recital of this Indenture and more
particularly means any note or notes, as the case may be, authenticated and delivered under this
Indenture, including any Global Note.



3









 





     “Officers’ Certificate” when used with respect to the Company, shall mean a certificate signed
by (i) the Chairman, the Chief Executive Officer, the President or any Vice President of the
Company and (ii) the Treasurer, any Assistant Treasurer, the Secretary or an Assistant Secretary of
the Company; provided, that no individual shall be entitled to sign in more than one capacity.



     “Opinion of Counsel” shall mean an opinion in writing signed by legal counsel, who may be an
employee of the Company, meeting the applicable requirements of Section 16.06 hereof.



     “Original Issue Date” shall mean for a Note, or portions thereof, the date upon which it, or
such portion, was issued by the Company pursuant to this Indenture and authenticated by the Trustee
(other than in connection with a transfer, exchange or substitution).



     “Outstanding”, when used with reference to Notes, shall, subject to Section 10.04 hereof,
mean, as of any particular time, all Notes authenticated and delivered by the Trustee under this
Indenture, except:




     (a) Notes theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation;




     (b) Notes, or portions thereof, for the payment or redemption of which moneys in the
necessary amount shall have been deposited in trust with the Trustee or with any paying
agent (other than the Company), provided that if such Notes are to be redeemed prior to the
Stated Maturity thereof, notice of such redemption shall have been given as provided in
Article III, or provisions satisfactory to the Trustee shall have been made for giving such
notice;




     (c) Notes, or portions thereof, that have been paid and discharged or are deemed to
have been paid and discharged pursuant to the provisions of this Indenture; and




     (d) Notes in lieu of or in substitution for which other Notes shall have been
authenticated and delivered, or which have been paid, pursuant to Section 2.07 hereof.



     “Periodic Offering” means an offering of Notes of a series from time to time the specific
terms of which Notes, including without limitation the rate or rates of interest, if any, thereon,
the Stated Maturity or Maturities thereof and the redemption provisions, if any, with respect
thereto, are to be determined by the Company or its agents upon the issuance of such Notes.



     “Person” shall mean any individual, corporation, company partnership, joint venture, limited
liability company, association, joint-stock company, trust, unincorporated organization or
government or any agent or political subdivision thereof.



     “Principal Executive Offices of the Company” shall mean 1201 Walnut, Kansas City, Missouri
64106, or such other place where the main corporate offices of the Company are located as
designated in writing to the Trustee by an Authorized Agent.



4









 





     “Regular Record Date” shall mean, unless otherwise specified in a Company Order pursuant to
Section 2.05 hereof, for an Interest Payment Date for a particular Note (except for an Interest
Payment Date with respect to defaulted interest on such Note) (a) the fifteenth day next preceding
each Interest Payment Date (unless the Interest Payment Date is the date of Maturity of such Note,
in which event, the Regular Record Date shall be as described in clause (b) hereof) and (b) the
date of Maturity of such Note.



     “Responsible Officer” or “Responsible Officers” when used with respect to the Trustee shall
mean one or more of the following: any vice president, assistant vice president, any assistant
treasurer, any trust officer, any assistant trust officer, or any other officer or assistant
officer of the Trustee customarily performing functions similar to those performed by the persons
who at the time shall be such officers, respectively, or to whom any corporate trust matter is
referred because of his or her knowledge of and familiarity with the particular subject and who
shall have direct responsibility for the administration of this Indenture.



     “Senior Indebtedness” shall mean all obligations (other than non-recourse obligations, the
indebtedness issued under this Indenture to which the subordination provisions of Section 15.01
hereof apply and other obligations which are either effectively by their terms or expressly made
subordinate to or pari passu with the indebtedness issued under this Indenture to which the
subordination provisions of Section 15.01 hereof apply) of, or guaranteed (except to the extent the
Company’s payment obligations under any such guarantee are effectively by their terms or expressly
made subordinate to or pari passu with the indebtedness issued under this Indenture to which the
subordination provisions of Section 15.01 hereof apply) or assumed by, the Company for borrowed
money, including both senior and subordinated indebtedness for borrowed money (other than
indebtedness issued under this Indenture to which the subordination provisions of Section 15.01
hereof apply and other indebtedness which is effectively by its terms or expressly made subordinate
to or pari passu with the indebtedness issued under this Indenture to which the subordination
provisions of Section 15.01 hereof apply), or for the payment of money related to any lease which
is capitalized on the balance sheet of the Company in accordance with generally accepted accounting
principles as in effect from time to time, or indebtedness evidenced by bonds, debentures, notes,
or other similar instruments of the Company (other than such instruments which are effectively by
their terms or expressly made subordinate to or pari passu with the indebtedness issued under this
Indenture to which the subordination provisions of Section 15.01 hereof apply) and in each case,
amendments, renewals, extensions, modifications, and refundings of any such indebtedness or
obligations with Senior Indebtedness, whether existing as of the date of this Indenture or
subsequently incurred by the Company; provided, however, that trade accounts payable and accrued
liabilities arising in the ordinary course of business shall not be deemed Senior Indebtedness.



     “Special Record Date” shall mean, with respect to any Note, the date established by the
Trustee in connection with the payment of defaulted interest on such Note pursuant to Section 2.11
hereof.



     “Stated Maturity” shall mean with respect to any Note, the last date on which principal on
such Note becomes due and payable as therein or herein provided, other than by declaration of
acceleration or by redemption.



5









 





     “Subsidiary” shall mean, as to any Person, any corporation or other entity of which at least a
majority of the securities or other ownership interest having ordinary voting power (absolutely or
contingently) for the election of directors or other Persons performing similar functions are at
the time owned directly or indirectly by such Person.



     “Trustee” shall mean the Person named as the “Trustee” in the first paragraph of this
instrument until a successor Trustee shall have become such pursuant to the applicable provisions
of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee
hereunder and, if at any time there is more than one such Person, “Trustee” as used with respect to
the Securities of any series shall mean the Trustee with respect to the Securities of that series.



     “U.S. Government Obligations” shall mean direct non-callable obligations of, or non-callable
obligations guaranteed as to timely payment of principal and interest by, the United States of
America or obligations of a person controlled or supervised by and acting as an agency or
instrumentality thereof for the payment of which obligations or guarantee the full faith and credit
of the United States is pledged and shall also include a depository receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect to
any such U.S. Government Obligation held by such custodian for the account of the holder of such
depository receipt; provided that (except as required by law) such custodian is not
authorized to make any deduction from the amount payable to the holder of such depository receipt
from any amount received by the custodian in respect of the U.S. Government Obligation or the
specific payment of interest on or principal of the U.S. Government Obligation evidenced by such
depository receipt.



ARTICLE II




FORM, ISSUE, EXECUTION, REGISTRATION 

AND EXCHANGE OF NOTES




     Section 2.01 Forms Generally.



          (a) The Notes shall be in such form as shall be established by a Company Order pursuant to
Section 2.05(c) hereof with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or
other marks of identification and such legends or endorsements placed thereon as may be required to
comply with applicable rules of any securities exchange or of the Depositary or with applicable law
or as may, consistently herewith, be determined by the officers executing such Notes, as evidenced
by their execution of such Notes.




          (b) The definitive Notes shall be typed, printed, lithographed or engraved on steel engraved
borders or may be produced in any other manner, all as determined by the officers executing such
Notes, as evidenced by their execution of such Notes.




     Section 2.02 Form Of Trustee’s Certificate Of Authentication. The Trustee’s certificate of
authentication on all Notes shall be in substantially the following form:



6









 




Trustee’s Certificate of Authentication


          This Note is one of the Notes of the series herein designated, described or provided for in
the within-mentioned Indenture.



	 	 	 	 	 	 	 
	 	 	The Bank of New York Mellon Trust Company, N.A., as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 

Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 

	 	Dated:	 	 	 	 
	 

	 	 	 	 

	 	 





     Section 2.03 Amount Unlimited.


          The aggregate principal amount of Notes that may be authenticated and delivered under this
Indenture is unlimited, subject to compliance with the provisions of this Indenture.


     Section 2.04 Denominations, Dates, Interest Payment And Record Dates.


          (a) The Notes of each series shall be issuable in registered form without coupons in
denominations of $1,000 and integral multiples thereof or such other amount or amounts as may be
authorized by the Board of Directors or a Company Order pursuant to a Board Resolution or in one or
more indentures supplemental hereto; provided, that the principal amount of a Global Note shall not
exceed $500,000,000 unless otherwise permitted by the Depositary.


          (b) Each Note shall be dated and issued as of the date of its authentication by the Trustee,
and shall bear an Original Issue Date; each Note issued upon registration of, transfer, exchange or
substitution of a Note shall bear the Original Issue Date or Dates of such transferred, exchanged
or substituted Note, subject to the provisions of Section 2.13(d) hereof.


          (c) Each Note shall accrue interest from the later of (1) its Original Issue Date or the date
specified in such Note and (2) the most recent date to which interest has been paid or duly
provided for with respect to such Note until the principal of such Note is paid or made available
for payment, and interest on each Note shall be payable on each Interest Payment Date after the
Original Issue Date (except as provided in the definition of “Interest Payment Date” in Section
1.03 hereof).


          (d) Each Note shall mature on a Stated Maturity specified in the Note. The principal amount
of each outstanding Note shall be payable on the Stated Maturity date specified therein.


          (e) Unless otherwise specified in a Company Order pursuant to Section 2.05 hereof, interest on
each of the Notes shall be calculated on the basis of a 360-day year of twelve 30-day months (and
for any partial periods shall be calculated on the basis of the number of days elapsed in a 360-day
year of twelve 30-day months) and shall be computed at a fixed rate until


7








 





the Stated Maturity of such Notes. The method of computing interest on any Notes not bearing
a fixed rate of interest shall be set forth in a Company Order pursuant to Section 2.05 hereof.
Unless otherwise specified in a Company Order pursuant to Section 2.05 hereof, principal, interest
and premium on the Notes shall be payable in the currency of the United States.




          (f) Except as provided in the following sentence, the Person in whose name any Note is
registered at the close of business on any Regular Record Date or Special Record Date with respect
to an Interest Payment Date for such Note shall be entitled to receive the interest payable on such
Interest Payment Date notwithstanding the cancellation of such Note upon any registration of
transfer, exchange or substitution of such Note subsequent to such Regular Record Date or Special
Record Date and prior to such Interest Payment Date. Unless otherwise specified in a Company Order
pursuant to Section 2.05 hereof, any interest payable at Maturity shall be paid to the Person to
whom the principal of such Note is payable.




          (g) So long as the Trustee is the registrar and paying agent, the Trustee shall, as soon as
practicable but no later than the Regular Record Date preceding each applicable Interest Payment
Date, provide to the Company a list of the principal, interest (to the extent then ascertainable)
and premium to be paid on Notes on such Interest Payment Date. The Trustee shall assume
responsibility for withholding taxes on interest paid as required by law except with respect to any
Global Note.




     Section 2.05 Execution, Authentication, Delivery And Dating.



          (a) The Notes shall be executed on behalf of the Company by one of its Chairman, Chief
Executive Officer, President, or any Vice President and by its Treasurer or an Assistant Treasurer
or the Secretary or an Assistant Secretary of the Company. The signature of any of these officers
on the Notes may be manual or facsimile. Typographical and other minor errors or defects in any
such signature shall not affect the validity or enforceability of any Note that has been duly
authenticated and delivered by the Trustee.




          (b) Notes bearing the manual or facsimile signatures of individuals who were at the time of
execution the proper officers of the Company shall bind the Company, notwithstanding that such
individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Notes or did not hold such offices at the date of such Notes.




          (c) At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Notes of any series executed by the Company to the Trustee for authentication,
together with or preceded by one or more Company Orders for the authentication and delivery of such
Notes, and the Trustee in accordance with any such Company Order shall authenticate and make
available for delivery such Notes; provided, however, that, with respect to Notes of a series
subject to a Periodic Offering, (A) such Company Order may be delivered by the Company to the
Trustee prior to the delivery to the Trustee of such Notes for authentication and delivery, (B) the
Trustee shall authenticate and deliver Notes of such series for original issue from time to time,
in an aggregate principal amount not exceeding the aggregate principal amount established for such
series, all pursuant to a further Company Order or pursuant to such procedures acceptable to the
Trustee as may be specified from time to time by such further Company Order, (C) the Stated
Maturity or Maturities,



8









 






Original Issue Date or Dates, interest rate or rates and any other terms of Notes of such
series shall be determined by such further Company Order or pursuant to such procedures and (D) if
provided for in such procedures, such Company Order may authorize authentication and delivery
pursuant to oral or electronic instructions from the Company or its duly authorized agent or
agents, which oral instructions shall be promptly confirmed in writing. Such Company Order shall
specify the following with respect to each series of Notes: (i) the title of the Notes of such
series (which shall distinguish the Notes of such series from Notes of all other series) and any
limitations on the aggregate principal amount of the Notes to be issued as part of such series,
(ii) the Original Issue Date for such series, (iii) the Stated Maturity of Notes of such series,
(iv) the interest rate or rates, or method of calculation of such rate or rates, for such series
and the date from which such interest will accrue, and the right, if any, to extend or defer
interest payments and the duration of such extension or deferral, as set forth in Section 2.15
hereof, (v) the terms, if any, regarding the optional or mandatory redemption of such series,
including redemption date or dates of such series, if any, and the price or prices applicable to
such redemption, (vi) whether or not the Notes of such series shall be issued in whole or in part
in the form of a Global Note and, if so, the Depositary for such Global Note if not DTC, (vii) the
form of the Notes of such series, (viii) the maximum annual interest rate, if any, of the Notes
permitted for such series, (ix) the period or periods within which, the price or prices at which
and the terms and conditions upon which such series may be repaid, in whole or in part, at the
option of the Holder thereof, (x) the establishment of any office or agency pursuant to Section
6.02 hereof, (xi) any Events of Default, in addition to those specified in Section 8.01 hereof or
any changes to such Events of Default, with respect to the Notes of such series, and any covenants
of the Company for the benefit of the Holders of the Notes of such series in addition to those set
forth in Articles VI and XII hereof or any changes to such covenants with respect to the Notes of
such series, (xii) the terms, if any, pursuant to which the Notes of such series may be converted
into or exchanged for shares of capital stock or other securities of the Company, (xiii) any
amendment or modification to, or the inapplicability of, the subordination provisions in Article XV
hereof, (xiv) the terms, if any, pursuant to which the Notes of such series may be remarketed, and
(xv) any other terms of such series not inconsistent with this Indenture. With respect to Notes of
a series subject to a Periodic Offering, such Company Order may provide general terms or parameters
for Notes of such series and provide either that the specific terms of particular Notes of such
series shall be specified in a further Company Order or that such terms shall be determined by the
Company or its agents in accordance with such further Company Order as contemplated by the proviso
of the first sentence of this Section 2.05(c). Prior to authenticating Notes of any series, and in
accepting the additional responsibilities under this Indenture in relation to such Notes, the
Trustee shall receive from the Company the following at or before the issuance of such series of
Notes, and (subject to Section 9.01 hereof) shall be fully protected in relying upon, unless and
until such documents have been superseded or revoked prior to such issuance:





(1) A Board Resolution authorizing such Company Order or Orders;




(2) At the option of the Company, either an Opinion of Counsel or a letter addressed
to the Trustee permitting it to rely on an Opinion of Counsel, stating substantially
the following subject to customary qualifications and exceptions:



9









 






(A) that the form and terms of such Notes have been established in
conformity with this Indenture;




(B) that this Indenture has been duly authorized, executed and delivered by
the Company and constitutes a valid and binding agreement of the Company,
enforceable against the Company in accordance with its terms, except as may
be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance,
moratorium and other similar laws relating to or affecting creditors’ rights
generally, general equitable principles (whether considered in a proceeding
at law or in equity) and by an implied covenant of reasonableness, good
faith and fair dealing;




(C) that this Indenture is qualified to the extent necessary under the TIA
or, if not so required, that this Indenture is not required to be qualified
under the TIA;




(D) that such Notes have been duly authorized and executed by the Company,
and when authenticated by the Trustee and issued by the Company in the
manner and subject to any conditions specified in such Opinion of Counsel,
will constitute valid and binding obligations of the Company, enforceable
against the Company in accordance with their respective terms, except as may
be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance,
moratorium and other similar laws relating to or affecting creditors’ rights
generally, general equitable principles (whether considered in a proceeding
at law or in equity) and by an implied covenant of reasonableness, good
faith and fair dealing;




(E) that the issuance of such Notes will not result in any default under
this Indenture;




(F) that all consents or approvals of any federal or state regulatory agency
required in connection with the Company’s execution and delivery of this
Indenture and such Notes have been obtained and are in full force and effect
(except that no statement need be made with respect to state securities
laws); and




(G) that all conditions precedent provided for in the Indenture to the
issuance of such Notes and for the Trustee to authenticate and deliver such
Notes under this Indenture have been met.




(3) An Officers’ Certificate stating that (i) the Company is not, and upon the
authentication by the Trustee of such Notes, will not be in default under any of the
terms or covenants contained in this Indenture and (ii) all conditions precedent
provided for in this Indenture to the issuance of such Notes and for the Trustee to
authenticate and deliver such Notes under this Indenture have been met.



10









 





          (d) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory
for any purpose unless there appears on such Note a certificate of authentication substantially in
the form provided for herein executed by the Trustee by the manual signature of an authorized
signatory, and such certificate upon any Note shall be conclusive evidence, and the only evidence,
that such Note has been duly authenticated and delivered hereunder and is entitled to the benefits
of this Indenture.




          (e) If all Notes of a series are not to be authenticated and issued at one time in connection
with a Periodic Offering, the Company shall not be required to deliver the Company Order, Board
Resolution, Officers’ Certificate and Opinion of Counsel (including any of the foregoing that would
be otherwise required pursuant to Section 16.06 hereof) described in Section 2.05(c) hereof at or
prior to the authentication of each Note of such series, if such items are delivered at or prior to
the time of authentication of the first Note of such series to be authenticated and issued.




     Section 2.06 Exchange And Registration Of Transfer Of Notes.



          (a) Subject to Section 2.13 hereof, Notes of any series may be exchanged for one or more new
Notes of the same series of any authorized denominations and of a like aggregate principal amount,
series and Stated Maturity and having the same terms and Original Issue Date. Notes to be
exchanged shall be surrendered at any of the offices or agencies to be maintained pursuant to
Section 6.02 hereof, and the Trustee shall authenticate and deliver in exchange therefor the Note
or Notes of such series which the Noteholder making the exchange shall be entitled to receive.




          (b) The Trustee shall keep, at one of said offices or agencies, a register in which, subject
to such reasonable regulations as it may prescribe, the Trustee shall register or cause to be
registered Notes and shall register or cause to be registered the transfer of Notes as in this
Article II provided. Such register shall be in written form or in any other form capable of being
converted into written form within a reasonable time. At all reasonable times, such register shall
be open for inspection by the Company. Upon due presentment for registration of transfer of any
Note at any such office or agency, the Company shall execute and the Trustee shall register,
authenticate and deliver in the name of the transferee or transferees one or more new Notes of any
authorized denominations and of a like aggregate principal amount, series and Stated Maturity and
having the same terms and Original Issue Date.




          (c) All Notes presented for registration of transfer or for exchange, redemption or payment
shall be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in
form satisfactory to the Company and the Trustee and duly executed by the Holder or the attorney in
fact of such Holder duly authorized in writing.




          (d) No service charge shall be made for any exchange or registration of transfer of Notes, but
the Company may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection therewith.




          (e) The Trustee shall not be required to exchange or register the transfer of any Notes
selected, called or being called for redemption (including Notes, if any, redeemable at



11









 






the option of the Holder provided such Notes are then redeemable at such Holder’s option)
except, in the case of any Note to be redeemed in part, the portion thereof not to be so redeemed.




          (f) If the principal amount, and applicable premium, of part, but not all of a Global Note is
paid, then upon surrender to the Trustee of such Global Note, the Company shall execute, and the
Trustee shall authenticate, deliver and register, a Global Note in an authorized denomination in
aggregate principal amount equal to, and having the same terms, Original Issue Date and series as,
the unpaid portion of such Global Note.




     Section 2.07 Mutilated, Destroyed, Lost Or Stolen Notes.



          (a) If any temporary or definitive Note shall become mutilated or be destroyed, lost or
stolen, the Company shall execute, and upon its written request the Trustee shall authenticate and
deliver, a new Note of like form and principal amount and having the same terms and Original Issue
Date and bearing a number not contemporaneously outstanding, in exchange and substitution for the
mutilated Note, or in lieu of and in substitution for the Note so destroyed, lost or stolen. In
every case the applicant for a substituted Note shall furnish to the Company, the Trustee and any
paying agent or Authenticating Agent such security or indemnity as may be required by them to save
each of them harmless, and, in every case of destruction, loss or theft of a Note, the applicant
shall also furnish to the Company and to the Trustee evidence to their satisfaction of the
destruction, loss or theft of such Note and of the ownership thereof.




          (b) The Trustee shall authenticate any such substituted Note and deliver the same upon the
written request or authorization of any officer of the Company. Upon the issuance of any
substituted Note, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses connected
therewith. If any Note which has matured, is about to mature, has been redeemed or called for
redemption shall become mutilated or be destroyed, lost or stolen, the Company may, instead of
issuing a substituted Note, pay or authorize the payment of the same (without surrender thereof
except in the case of a mutilated Note) if the applicant for such payment shall furnish to the
Company, the Trustee and any paying agent or Authenticating Agent such security or indemnity as may
be required by them to save each of them harmless and, in case of destruction, loss or theft,
evidence satisfactory to the Company and the Trustee of the destruction, loss or theft of such Note
and of the ownership thereof.




     (c) Every substituted Note issued pursuant to this Section 2.07 by virtue of the fact that any
Note is mutilated, destroyed, lost or stolen shall constitute an additional contractual obligation
of the Company, whether or not such destroyed, lost or stolen Note shall be found at any time, and
shall be entitled to all the benefits of this Indenture equally and proportionately with any and
all other Notes duly issued hereunder. All Notes shall be held and owned upon the express
condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect
to the replacement or payment of mutilated, destroyed, lost or stolen Notes and shall preclude to
the full extent permitted by applicable law any and all other rights or remedies with respect to
the replacement or payment of negotiable instruments or other securities without their surrender.



12









 





     Section 2.08 Temporary Notes. Pending the preparation of definitive Notes of any series, the
Company may execute and the Trustee shall authenticate and deliver temporary Notes (printed,
lithographed or otherwise reproduced). Temporary Notes shall be issuable in any authorized
denomination and substantially in the form of the definitive Notes but with such omissions,
insertions and variations as may be appropriate for temporary Notes, all as may be determined by
the Company. Every such temporary Note shall be authenticated by the Trustee upon the same
conditions and in substantially the same manner, and with the same effect, as the definitive Notes.
Without unreasonable delay the Company shall execute and shall deliver to the Trustee definitive
Notes of such series and thereupon any or all temporary Notes of such series shall be surrendered
in exchange therefor at the Corporate Trust Office of the Trustee, and the Trustee shall
authenticate, deliver and register in exchange for such temporary Notes an equal aggregate
principal amount of definitive Notes of such series. Such exchange shall be made by the Company at
its own expense and without any charge therefor to the Noteholders. Until so exchanged, the
temporary Notes of such series shall in all respects be entitled to the same benefits under this
Indenture as definitive Notes of such series authenticated and delivered hereunder.



     Section 2.09 Cancellation Of Notes Paid, Etc. All Notes surrendered for the purpose of payment,
redemption, exchange or registration of transfer shall be surrendered to the Trustee for
cancellation and promptly cancelled by it and no Notes shall be issued in lieu thereof except as
expressly permitted by this Indenture. The Company shall surrender to the Trustee any Notes so
acquired by it and such Notes shall be cancelled by the Trustee. No Notes shall be authenticated
in lieu of or in exchange for any Notes so cancelled.



     Section 2.10 Interest Rights Preserved. Each Note delivered under this Indenture upon transfer of
or in exchange for or in lieu of any other Note shall carry all the rights to interest accrued and
unpaid, and to accrue, which were carried by such other Note, and each such Note shall be so dated
that neither gain nor loss of interest shall result from such transfer, exchange or substitution.



     Section 2.11 Special Record Date. If and to the extent that the Company fails to make timely
payment or provision for timely payment of interest on any series of Notes (other than on an
Interest Payment Date that falls on the Maturity of such Note, unless, as provided for in a Company
Order pursuant to Section 2.05 hereof, interest payable on such Interest Payment Date is payable to
Persons who were Holders as of the applicable Regular Record Date), that interest shall cease to
be payable to the Persons who were the Noteholders of such series at the applicable Regular Record
Date. In that event, when moneys become available for payment of the interest, the Trustee shall
(a) establish a date of payment of such interest and a Special Record Date for the payment of that
interest, which Special Record Date shall be not more than 15 or fewer than 10 days prior to the
date of the proposed payment and (b) mail notice of the date of payment and of the Special Record
Date not fewer than 10 days preceding the Special Record Date to each Noteholder of such series at
the close of business on the 15th day preceding the mailing at the address of such Noteholder, as
it appeared on the register for the Notes. On the day so established by the Trustee, the interest
shall be payable to the Holders of the applicable Notes at the close of business on the Special
Record Date.



13









 





     Section 2.12 Payment Of Notes. Payment of the principal of and interest and premium on all Notes
shall be payable as follows:



          (a) On or before 11:00 a.m., New York City time, or such other time as shall be agreed upon
between the Trustee and the Company, of the day on which payment of principal, interest and premium
is due on any Global Note pursuant to the terms thereof, the Company shall deliver to the Trustee
funds available on such date sufficient to make such payment, by wire transfer of immediately
available funds or by instructing the Trustee to withdraw sufficient funds from an account
maintained by the Company with the Trustee or such other method as is acceptable to the Trustee.
On or before 12:00 noon, New York City time, or such other time as shall be agreed upon between the
Trustee and the Depositary, of the day on which any payment of interest is due on any Global Note
(other than at Maturity), the Trustee shall pay to the Depositary such interest in same day funds.
On or before 1:00 p.m., New York City time or such other time as shall be agreed upon between the
Trustee and the Depositary, of the day on which principal, interest payable at Maturity and
premium, if any, is due on any Global Note, the Trustee shall deposit with the Depositary the
amount equal to the principal, interest payable at Maturity and premium, if any, by wire transfer
into the account specified by the Depositary. As a condition to the payment, at Maturity, of any
part of the principal of, interest on, and applicable premium of any Global Note, the Depositary
shall surrender, or cause to be surrendered, such Global Note to the Trustee, whereupon a new
Global Note shall be issued to the Depositary pursuant to Section 2.06(f) hereof.




          (b) With respect to any Note that is not a Global Note, principal, applicable premium and
interest due at the Maturity of the Note shall be payable in immediately available funds when due
upon presentation and surrender of such Note at the Corporate Trust Office of the Trustee or at the
authorized office of any paying agent in the Borough of Manhattan, The City and State of New York.
Interest on any Note that is not a Global Note (other than interest payable at Maturity, unless, as
provided for in a Company Order pursuant to Section 2.05 hereof, interest payable on an Interest
Payment Date that falls on such date of Maturity is payable to Persons who were Holders as of the
applicable Regular Record Date), shall be paid by check payable in clearinghouse funds mailed to
the Holder thereof at such Holder’s address as it appears on the register; provided that if the
Trustee receives a written request from any Holder of Notes, the aggregate principal amount of
which having the same Interest Payment Date equals or exceeds $10,000,000, on or before the
applicable Regular Record Date for such Interest Payment Date, interest on such Note shall be paid
by wire transfer of immediately available funds to a bank within the continental United States
designated by such Holder in its request or by direct deposit into the account of such Holder
designated by such Holder in its request if such account is maintained with the Trustee or any
paying agent.




     Section 2.13 Notes Issuable In The Form Of A Global Note.



          (a) If the Company shall establish pursuant to Section 2.05 hereof that the Notes of a
particular series are to be issued in the form of one or more Global Notes, then the Company shall
execute and the Trustee shall, in accordance with Section 2.05 hereof and the Company Order
delivered to the Trustee thereunder, authenticate and deliver such Global Note or Notes, which,
unless otherwise specified in such Company Order, (i) shall represent, shall be denominated in an
amount equal to the aggregate principal amount of, and shall have the same



14









 




terms as, the outstanding Notes of such series to be represented by such Global Note or Notes,
(ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be delivered by
the Trustee to the Depositary or pursuant to the Depositary’s instruction and (iv) shall bear a
legend substantially to the following effect: “This Note is a Global Note registered in the name of
the Depositary (referred to herein) or a nominee thereof and, unless and until it is exchanged in
whole for the individual Notes represented hereby as provided in the Indenture referred to below,
this Global Note may not be transferred except as a whole by the Depositary to a nominee of the
Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary
or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary. Unless this Global Note is presented by an authorized representative of The Depository
Trust Company (55 Water Street, New York, New York), to the Trustee for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such
other name as requested by an authorized representative of The Depository Trust Company and any
payment is made to Cede & Co., any transfer, pledge or other use hereof for value or otherwise by
or to any person is wrongful since the registered owner hereof, Cede & Co., has an interest herein”
or such other legend as may be required by the rules and regulations of the Depositary.




          (b) (i) If at any time the Depositary for a Global Note notifies the Company that it is
unwilling or unable to continue as Depositary for such Global Note or if at any time the Depositary
for the Global Note shall no longer be eligible or in good standing under the Securities Exchange
Act of 1934, as amended, or other applicable statute or regulation, the Company shall appoint a
successor Depositary with respect to such Global Note. If a successor Depositary for such Global
Note is not appointed by the Company within 90 days after the Company receives such notice or
becomes aware of such ineligibility or lack of good standing, the Company’s election pursuant to
Section 2.05(c)(vi) hereof shall no longer be effective with respect to the series of Notes
evidenced by such Global Note and the Company shall execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of individual Notes of such series in exchange
for such Global Note, shall authenticate and deliver, individual Notes of such series of like tenor
and terms in definitive form in an aggregate principal amount equal to the principal amount of such
Global Note in exchange for such Global Note. The Trustee shall not be charged with knowledge or
notice of the ineligibility or lack of good standing of a Depositary unless a Responsible Officer
shall have actual knowledge thereof.




               (ii) (A) Subject to the procedures of the Depositary, the Company may at any time and in its
sole discretion determine that all outstanding (but not less than all) Notes of a series issued or
issuable in the form of one or more Global Notes shall no longer be represented by such Global Note
or Notes. In such event the Company shall execute, and the Trustee, upon receipt of a Company
Order for the authentication and delivery of individual Notes in exchange for such Global Note,
shall authenticate and deliver individual Notes of like tenor and terms in definitive form in an
aggregate principal amount equal to the principal amount of such Global Note or Notes in exchange
for such Global Note or Notes.


                    (B) Within seven Business Days after the occurrence of an Event of Default with respect to
any series of Global Notes, the Company shall execute, and the Trustee shall authenticate and
deliver, Notes of such series in definitive registered form in any authorized


15








 







denominations and in aggregate principal amount equal to the principal amount of such Global
Notes in exchange for such Global Notes.



               (iii) In any exchange provided for in any of the preceding clauses (i) or (ii), the Company
will execute and the Trustee will authenticate and deliver individual Notes in definitive
registered form in authorized denominations. Upon the exchange of a Global Note for individual
Notes, such Global Note shall be cancelled by the Trustee. Notes issued in exchange for a Global
Note pursuant to this Section shall be registered in such names and in such authorized
denominations as the Depositary for such Global Note, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such
Notes to the Depositary for delivery to the persons in whose names such Notes are so registered, or
if the Depositary shall refuse or be unable to deliver such Notes, the Trustee shall deliver such
Notes to the persons in whose names such Notes are registered, unless otherwise agreed upon between
the Trustee and the Company, in which event the Company shall cause the Notes to be delivered to
the Persons in whose names such Notes are registered.



          (c) Neither the Company, the Trustee, any Authenticating Agent nor any paying agent shall have
any responsibility or liability for any aspect of the records relating to, or payments made on
account of, beneficial ownership interests of a Global Note or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interest.




          (d) Pursuant to the provisions of this subsection, at the option of the Trustee (subject to
Section 2.04(a) hereof) and upon 30 days’ written notice to the Depositary but not prior to the
first Interest Payment Date of the respective Global Notes, the Depositary shall be required to
surrender any two or more Global Notes which have identical terms, including, without limitation,
identical maturities, interest rates and redemption provisions (but which may have differing
Original Issue Dates) to the Trustee, and the Company shall execute and the Trustee shall
authenticate and deliver to, or at the direction of, the Depositary a Global Note in principal
amount equal to the aggregate principal amount of, and with all terms identical to, the Global
Notes surrendered thereto and that shall indicate each applicable Original Issue Date and the
principal amount applicable to each such Original Issue Date. The exchange contemplated in this
subsection shall be consummated at least 30 days prior to any Interest Payment Date applicable to
any of the Global Notes surrendered to the Trustee. Upon any exchange of any Global Note with two
or more Original Issue Dates, whether pursuant to this Section or pursuant to Section 2.06 or
Section 3.03 hereof, the aggregate principal amount of the Notes with a particular Original Issue
Date shall be the same before and after such exchange, after giving effect to any retirement of
Notes and the Original Issue Dates applicable to such Notes occurring in connection with such
exchange.




     Section 2.14 CUSIP And ISIN Numbers. The Company in issuing Notes may use “CUSIP” or “ISIN”
numbers (if then generally in use) and, if so used, the Trustee shall use “CUSIP” or “ISIN” numbers
in notices of redemption as a convenience to holders of Notes; provided, that any such notice may
state that no representation is made as to the correctness of such numbers either as printed on the
Notes or contained in any notice of redemption and that reliance may be placed only on the other
identification numbers printed on the Notes, and any such redemption shall not be affected by any
defect in or omission of such numbers. The Company shall promptly notify the Trustee of any change
in the “CUSIP” or “ISIN” numbers.



16









 





     Section 2.15 Extension of Interest Payment Periods. The Company shall have the right at any time,
so long as the Company is not in default in the payment of interest on the Notes of any series
hereunder, to extend or defer interest payments and extend interest payment periods on all Notes of
one or more series, if so specified as contemplated by Section 2.05 with respect to such Notes and
upon such terms as may be specified as contemplated by Section 2.05 with respect to such Notes.



ARTICLE III




REDEMPTION OF NOTES




     Section 3.01 Applicability of Article. Those Notes of any series that are, by their terms,
redeemable prior to their Stated Maturity at the option of the Company, may be redeemed by the
Company at such times, in such amounts and at such prices as may be specified therein and in
accordance with the provisions of this Article III.



     Section 3.02 Notice of Redemption; Selection of Notes.



          (a) The election of the Company to redeem any Notes shall be evidenced by a Board Resolution
which shall be given with notice of redemption to the Trustee at least 45 days (or such shorter
period acceptable to the Trustee in its sole discretion) prior to the redemption date specified in
such notice. In the case of any redemption of Notes (a) prior to the expiration of any
restriction on such redemption provided in the terms of such Notes or (b) pursuant to an
election of the Company which is subject to a condition specified in the terms of such Notes, the
Company shall furnish the Trustee with an Officers’ Certificate and an Opinion of Counsel
evidencing compliance with such restriction or condition.




          (b) Notice of redemption to each Holder of Notes to be redeemed as a whole or in part shall be
given by the Trustee, in the manner provided in Section 16.11 hereof, no less than 30 or more than
60 days prior to the date fixed for redemption. Any notice which is given in the manner herein
provided shall be conclusively presumed to have been duly given, whether or not the Noteholder
receives the notice. In any case, failure duly to give such notice, or any defect in such notice,
to the Holder of any Note designated for redemption as a whole or in part shall not affect the
validity of the proceedings for the redemption of any other Note.




          (c) Each such notice shall identify the Notes to be redeemed (including “CUSIP” or “ISIN”
numbers) and shall specify the date fixed for redemption, the places of redemption and the
redemption price (or the method for calculation thereof) at which such Notes are to be redeemed,
and shall state that (subject to subsection (e) of this section) payment of the redemption price of
such Notes or portion thereof to be redeemed will be made upon surrender of such Notes at such
places of redemption, that interest accrued to the date fixed for redemption will be paid as
specified in such notice, and that from and after such date interest thereon shall cease to accrue.
If less than all of a series of Notes having the same terms are to be redeemed, the notice shall
specify the Notes or portions thereof to be redeemed. If any Note is to be redeemed in part only,
the notice which relates to such Note shall state the portion of the principal amount thereof to be
redeemed, and shall state that, upon surrender of such Note, a new



17









 






Note or Notes having the same terms in aggregate principal amount equal to the unredeemed
portion thereof will be issued.




          (d) Unless otherwise provided by a Company Order under Section 2.05 hereof, if less than all
of a series of Notes is to be redeemed, the Trustee shall select in such manner as it shall deem
appropriate and fair in its discretion the particular Notes to be redeemed in whole or in part and
shall thereafter promptly notify the Company in writing of the Notes so to be redeemed. If less
than all of a series of Notes represented by a Global Note is to be redeemed, the particular Notes
or portions thereof of such series to be redeemed shall be selected by the Depositary for such
series of Notes in such manner as the Depositary shall determine. Notes shall be redeemed only in
denominations of $1,000, or such other denominations authorized by a Company Order pursuant to
Section 2.05 hereof, provided that any remaining principal amount of a Note redeemed in part shall
be a denomination authorized under this Indenture.




          (e) If at the time of the mailing of any notice of redemption at the option of the Company,
the Company shall not have irrevocably directed the Trustee to apply funds then on deposit with the
Trustee or held by it and available to be used for the redemption of Notes to redeem all the Notes
called for redemption, such notice, at the election of the Company, may state that it is
conditional and subject to the receipt of the redemption moneys by the Trustee on or before the
date fixed for redemption and that such notice shall be of no force and effect unless such moneys
are so received on or before such date.




     Section 3.03 Payment of Notes On Redemption; Deposit of Redemption Price.



          (a) If notice of redemption for any Notes shall have been given as provided in Section 3.02
hereof and such notice shall not contain the language permitted at the Company’s option under
Section 3.02(e) hereof, such Notes or portions of Notes called for redemption shall become due and
payable on the date and at the places stated in such notice at the applicable redemption price,
together with interest accrued to the date fixed for redemption of such Notes. Interest on the
Notes or portions thereof so called for redemption shall cease to accrue and such Notes or portions
thereof shall be deemed not to be entitled to any benefit under this Indenture except to receive
payment of the redemption price together with interest accrued thereon to the date fixed for
redemption. Upon presentation and surrender of such Notes at the place of payment specified in
such notice, such Notes or the specified portions thereof shall be paid and redeemed at the
applicable redemption price, together with interest accrued thereon to the date fixed for
redemption.




          (b) If notice of redemption shall have been given as provided in Section 3.02 hereof and such
notice shall contain the language permitted at the Company’s option under Section 3.02(e) hereof,
such Notes or portions of Notes called for redemption shall become due and payable on the date and
at the places stated in such notice at the applicable redemption price, together with interest
accrued to the date fixed for redemption of such Notes, and interest on the Notes or portions
thereof so called for redemption shall cease to accrue and such Notes or portions thereof shall be
deemed not to be entitled to any benefit under this Indenture except to receive payment of the
redemption price together with interest accrued thereon to the date fixed for redemption; provided
that, in each case, the Company shall have deposited with the Trustee or a paying agent on or prior
to 11:00 a.m. New York City time on such redemption date an



18









 






amount sufficient to pay the redemption price together with interest accrued to the date fixed
for redemption. Upon the Company making such deposit and, upon presentation and surrender of such
Notes at such a place of payment in such notice specified, such Notes or the specified portions
thereof shall be paid and redeemed at the applicable redemption price, together with interest
accrued thereon to the date fixed for redemption. If the Company shall not make such deposit on or
prior to the redemption date, the notice of redemption shall be of no force and effect and the
principal on such Notes or specified portions thereof shall continue to bear interest as if the
notice of redemption had not been given.




          (c) No notice of redemption of Notes shall be mailed during the continuance of any Event of
Default, except (1) that, when notice of redemption of any Notes has been mailed, the Company shall
redeem such Notes but only if funds sufficient for that purpose have prior to the occurrence of
such Event of Default been deposited with the Trustee or a paying agent for such purpose, and (2)
that notices of redemption of all outstanding Notes may be given during the continuance of an Event
of Default.




          (d) Upon surrender of any Note redeemed in part only, the Company shall execute, and the
Trustee shall authenticate, deliver and register, a new Note or Notes of authorized denominations
in aggregate principal amount equal to, and having the same terms, Original Issue Date or Dates and
series as, the unredeemed portion of the Note so surrendered.




ARTICLE IV




SINKING FUNDS




     Section 4.01 Applicability of Article. The provisions of this Article shall be applicable to any
sinking fund for the retirement of the Notes of any series, except as otherwise specified as
contemplated by Section 2.05(c) hereof for Notes of such series.



          The minimum amount of any sinking fund payment provided for by the terms of Notes of any
series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of
such minimum amount provided for by the terms of Notes of any series is herein referred to as an
“optional sinking fund payment”. If provided for by the terms of Notes of any series, the cash
amount of any sinking fund payment may be subject to reduction as provided in Section 4.02 hereof.
Each sinking fund payment shall be applied to the redemption of Notes of the series in respect of
which it was made as provided for by the terms of such Notes.




     Section 4.02 Satisfaction of Sinking Fund Payments With Notes. The Company (a) may deliver
Outstanding Notes (other than any previously called for redemption) of a series in respect of which
a mandatory sinking fund payment is to be made and (b) may apply as a credit Notes of such series
which have been redeemed either at the election of the Company pursuant to the terms of such Notes
or through the application of permitted optional sinking fund payments pursuant to the terms of
such Notes, in each case in satisfaction of all or any part of such mandatory sinking fund payment;
provided, however, that no Notes shall be applied in satisfaction of a mandatory sinking fund
payment if such Notes shall have been previously so applied. Notes so applied shall be received
and credited for such purpose by the Trustee at the



19









 







redemption price specified in such Notes for redemption through operation of the sinking fund and
the amount of such mandatory sinking fund payment shall be reduced accordingly.



     Section 4.03 Redemption of Notes For Sinking Fund. Not less than 45 days prior to each sinking
fund payment date for the Notes of any series, the Company shall deliver to the Trustee an
Officers’ Certificate specifying:



          (a) the amount of the next succeeding mandatory sinking fund payment for such series;




          (b) the amount, if any, of the optional sinking fund payment to be made together with such
mandatory sinking fund payment;




          (c) the aggregate sinking fund payment;




          (d) the portion, if any, of such aggregate sinking fund payment which is to be satisfied by
the payment of cash; and




          (e) the portion, if any, of such aggregate sinking fund payment which is to be satisfied by
delivering and crediting Notes of such series pursuant to Section 4.02 hereof and stating the basis
for such credit and that such Notes have not previously been so credited.




          The Company shall also deliver to the Trustee any Notes to be so delivered. If the Company
shall not deliver such Officers’ Certificate, the next succeeding sinking fund payment for such
series shall be made entirely in cash in the amount of the mandatory sinking fund payment. Not
less than 30 days before each such sinking fund payment date the Trustee shall select the Notes to
be redeemed upon such sinking fund payment date in the manner specified in Section 3.02(d) hereof
and cause notice of the redemption thereof to be given in the name of and at the expense of the
Company in the manner provided in Section 3.02 hereof. Such notice having been duly given, the
redemption of such Notes shall be made upon the terms and in the manner stated in Section 3.03
hereof (other than clause (b) thereof).




ARTICLE V




SATISFACTION AND DISCHARGE; UNCLAIMED MONEYS




     Section 5.01 Satisfaction And Discharge of Indenture. This Indenture shall upon the request of the
Company cease to be of further effect with respect to the Notes of any series (except as to any
surviving rights of registration of transfer or exchange of Notes of such series herein expressly
provided for), and the Trustee, at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture, when:



          (a) either:





     (i) all Notes of such series previously authenticated and delivered (other
than (A) Notes of such series which have been destroyed, lost or stolen and which
have been replaced or paid as provided in Section 2.07 and (B) Notes of such series
for whose payment money has theretofore been deposited in trust and




20











 






thereafter repaid to the Company, as provided in Section 5.05) have been delivered
to the Trustee for cancellation; or




     (ii) all the Notes of such series not previously delivered to the Trustee for
cancellation




     (x) have become due and payable, or




     (y) will become due and payable at their Stated Maturity within one
year of the date of deposit, or




     (z) are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the
Trustee in the name, and at the expense, of the Company,




and the Company, in the case of (x), (y) or (z) above, has deposited or
caused to be deposited with the Trustee as trust funds in trust for such
purpose money in an amount sufficient to pay and discharge the entire
indebtedness on such Notes not theretofore delivered to the Trustee for
cancellation, for principal and any premium and interest to the date of such
deposit (in the case of Notes which have become due and payable) or to the
Stated Maturity or date fixed for redemption, as the case may be;



          (b) the Company has paid or caused to be paid all other sums payable hereunder by the Company
with respect to the Notes of such series; and



          (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of this Indenture with respect to the Notes of such series have been
complied with.



          Notwithstanding the satisfaction and discharge of this Indenture with respect to the Notes of
any or all series, the obligations of the Company to the Trustee under Section 9.06 hereof shall
survive, and, if money will have been deposited with the Trustee pursuant to subclause (ii) of
clause (a) of this Section 5.01, the obligations of the Trustee under Sections 5.02 and 5.05 hereof
shall survive such satisfaction and discharge.



     Section 5.02 Application of Trust Funds; Indemnification.



          (a) Subject to the provisions of Section 5.05 hereof, all money and U.S. Government
Obligations deposited with the Trustee pursuant to Section 5.01, 5.03 or 5.04 hereof and all money
received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee
pursuant to Sections 5.01, 5.03 or 5.04 hereof, shall be held in trust and applied by it, in
accordance with the provisions of the Notes of any particular series and this Indenture, to the
payment, either directly or through any paying agent as the Trustee may determine, to the persons
entitled thereto, of the principal, premium, if any, and interest for whose payment such money has
been deposited with or received by the Trustee.



21









 





          (b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against U.S. Government Obligations deposited pursuant to Sections 5.03 or
5.04 hereof or the interest, premium, if any, and principal received in respect of such obligations
other than any payable by or on behalf of Holders.



          (c) The Trustee shall deliver or pay to the Company from time to time upon the request of the
Company any U.S. Government Obligations or money held by it as provided in Sections 5.01, 5.03 or
5.04 hereof which, in the opinion of a nationally recognized firm of independent certified public
accountants expressed in a written certification thereof delivered to the Trustee (which opinion
shall be required only if U.S. Government Obligations shall have been deposited and may be the same
opinion delivered at the time of the legal defeasance or covenant defeasance under Section 5.03 or
5.04), are then in excess of the amount thereof which then would have been required to be deposited
for the purpose for which such U.S. Government Obligations or money were deposited or received.
This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations held
under this Indenture.



          Funds held in trust pursuant to this Section 5.02 shall not be subject to any rights of the
holders of Senior Indebtedness, including, without limitation, those arising under Article XV.



     Section 5.03 Legal Defeasance. The Company shall be deemed to have been discharged from its
obligations with respect to all of the outstanding Notes of any series on the day after the date of
the deposit referred to in subparagraph (i) hereof, and the provisions of this Indenture, as it
relates to the outstanding Notes of such series, shall no longer be in effect (and the Trustee, at
the expense of the Company, shall, upon the request of the Company, execute proper instruments
acknowledging the same), except as to:



          (a) the rights of Holders of the Notes of such series to receive, solely from the trust funds
described in subparagraph (i) below, payments of the principal of, premium, if any, or interest on
the outstanding Notes of such series on the date such payments are due;



          (b) the Company’s obligations with respect to the Notes of such series under Sections 2.06,
2.07, 2.13, 6.02 and 6.04 hereof; and



          (c) the rights, powers, trust and immunities of the Trustee hereunder and the duties of the
Trustee under Section 5.02 hereof and the duty of the Trustee to authenticate Notes of such series
issued on registration of transfer of exchange; provided that the following conditions shall have
been satisfied:




     (i) the Company shall have deposited, or caused to be deposited, irrevocably
(except as provided in Section 5.05) with the Trustee as funds in trust for the
purpose of making the following payments, specifically pledged as security for and
dedicated solely to the benefit of the Holders of the Notes of such series, cash in
U.S. dollars and/or U.S. Government Obligations which through the payment of
interest and principal in respect thereof, in accordance with their
terms, will provide (without reinvestment), not later than one day before the
due date of any payment of money, an amount in cash, sufficient, in the opinion of a



22









 







nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, to pay principal of, premium, if
any, and interest on all the Notes of such series on the dates such payments of
principal, premium, if any, or interest are due to maturity or redemption;




     (ii) no Event of Default or event which with the giving of notice or lapse of
time or both would become an Event of Default with respect to the Notes of such
series shall have occurred and be continuing on the date of such deposit and 91 days
shall have passed after the deposit has been made, and, during such 91 day period,
no Event of Default with respect to the Notes of such series specified in Section
8.01(a)(4) or (5) hereof with respect to the Company occurs which is continuing at
the end of such period;




     (iii) the Company shall have delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel to the effect that (A) the Company has received from, or
there has been published by, the Internal Revenue Service a ruling, or (B) since the
date of execution of this Indenture, there has been a change in the applicable
federal income tax law, in either case to the effect that, and based thereon such
Opinion of Counsel and Officers’ Certificate shall confirm that, the Holders of the
Notes of such series will not recognize income, gain or loss for federal income tax
purposes as a result of such deposit, defeasance and discharge and will be subject
to federal income tax in the same amounts, in the same manner and at the same times
as would have been the case if such deposit, defeasance and discharge had not
occurred;




     (iv) the Company shall have delivered to the Trustee an Officers’ Certificate
stating that the deposit was not made by the Company with the intent of preferring
the Holders of the Notes of such series over any other creditors of the Company or
with the intent of defeating, hindering, delaying or defrauding any other creditors
of the Company;




     (v) such deposit shall not cause the Trustee to have a conflicting interest
within the meaning of the TIA with respect to any securities of the Company or
result in the trust arising from such deposit constituting an “investment company”
(as defined in the Investment Company Act of 1940, as amended);




     (vi) If such Notes are to be redeemed prior to Stated Maturity (other than from
mandatory sinking fund payments or analogous payments), notice of such redemption
shall have been duly given pursuant to this Indenture or provision therefor
satisfactory to the Trustee shall have been made; and




     (vii) the Company shall have delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel, each stating that all conditions precedent relating to
the defeasance contemplated by this Section 5.03 have been complied with.



23









 





          Subject to compliance with this Article V, the Company may exercise its option under this
Section 5.03 notwithstanding the prior exercise of its option under Section 5.04 with respect to
the Notes of any series. Following a defeasance, payment of the Notes of such series may not be
accelerated because of an Event of Default.



     Section 5.04 Covenant Defeasance. On and after the day after the date of the deposit referred to
in subparagraph (a) hereof, the Company may omit to comply with any term, provision or condition
set forth under Section 6.05 and Article XII hereof as well as any additional covenants contained
in a supplemental indenture hereto (and the failure to comply with any such provisions shall not
constitute a default or Event of Default under Section 8.01(a)(3) hereof), with respect to the
Notes of any series, provided that the following conditions shall have been satisfied:



          (a) with reference to this Section 5.04, the Company has deposited, or caused to be deposited,
irrevocably (except as provided in Section 5.05 hereof) with the Trustee as funds in trust,
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the
Notes of such series, cash in U.S. dollars and/or U.S. Government Obligations which through the
payment of principal and interest in respect thereof, in accordance with their terms, will provide
(without reinvestment), not later than one day before the due date of any payment of money, an
amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified
public accountants expressed in a written certification thereof delivered to the Trustee, to pay
principal, premium, if any, and interest on all the Notes of such series on the dates such payments
of principal, premium, if any, and interest are due to maturity or redemption;



          (b) no Event of Default or event which with the giving of notice or lapse of time or both
would become an Event of Default with respect to the Notes of such series shall have occurred and
be continuing on the date of such deposit and 91 days shall have passed after the deposit has been
made, and, during such 91 day period, no default with respect to the Notes of such series specified
in Section 8.01(a)(4) or (5) hereof with respect to the Company occurs which is continuing at the
end of such period;



          (c) the Company shall have delivered to the Trustee an Opinion of Counsel confirming that
Holders of the Notes of such series will not recognize income, gain or loss for federal income tax
purposes as a result of such deposit and defeasance and will be subject to federal income tax in
the same amounts, in the same manner and at the same times as would have been the case if such
deposit and defeasance had not occurred;



          (d) the Company shall have delivered to the Trustee an Officers’ Certificate stating the
deposit was not made by the Company with the intent of preferring the Holders of the Notes of such
series over any other creditors of the Company or with the intent of defeating, hindering, delaying
or defrauding any other creditors of the Company;



          (e) such deposit shall not cause the Trustee to have a conflicting interest within the meaning
of the TIA with respect to any securities of the Company or result in the trust
arising from such deposit constituting an “investment company” (as defined in the Investment
Company Act of 1940, as amended);



24









 





          (f) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the defeasance
contemplated by this Section 5.04 have been complied with;



          (g) If such Notes are to be redeemed prior to Stated Maturity (other than from mandatory
sinking fund payments or analogous payments), notice of such redemption shall have been duly given
pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been made;
and



          (h) following a covenant defeasance, payment of the Notes of any series may not be accelerated
because of an Event of Default specified in Sections 8.01(a)(4) and (5) or by reference to Sections
6.05 and 8.01(a)(3) (to the extent relating to the covenants being defeased) and Article XII
hereof.



     Section 5.05 Repayment To Company. The Trustee and the paying agent shall pay to the Company upon
request any money held by them for the payment of principal, premium, if any, or interest that
remains unclaimed for two years after the date upon which such payment shall have become due.
After payment to the Company, Holders of the Notes of such series entitled to the money must look
to the Company for payment as general creditors unless an applicable abandoned property law
designates another Person and upon such payment, the Trustee and the paying agent shall have no
further liability with respect to such money.



ARTICLE VI




PARTICULAR COVENANTS OF THE COMPANY




          Section 6.01 Payment of Principal And Interest. The Company covenants and agrees for the benefit
of the Holders of the Notes of any series that it will duly and punctually pay or cause to be paid
the principal of and any premium and interest, if any, on, such Notes at the places, at the
respective times and in the manner provided in such Notes or in this Indenture.



     Section 6.02 Offices For Payments, Etc. So long as the Notes of any series are outstanding
hereunder, the Company will maintain an office or agency where the Notes of such series may be
presented for payment, for exchange as in this Indenture provided, for registration of transfer as
in this Indenture provided, and where notices and demands to or upon the Company in respect of the
securities under this Indenture may be served. The Corporate Trust Office of the Trustee will be
such office or agency unless the Company shall maintain some other office or agency for such
purposes and shall give the Trustee and the Holders of the Notes written notice of the location
thereof. If the Company shall fail to give such notice of the location or of any change in the
location of any of the above offices or agencies, presentations and demands may be made and notices
may be served at the Corporate Trust Office of the Trustee, and, in such event, the Trustee shall act as the Company’s agent to
receive all such presentations, surrenders, notices and demands.



          The Company may from time to time designate one or more additional offices or agencies where
the Notes of any series may be presented for payment, for exchange as in this Indenture provided
and for registration of transfer as in this Indenture provided, and the



25









 







Company may from time to time rescind any such designation; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its obligation to maintain any
office or agency provided for in this Section. The Company will give to the Trustee prompt written
notice of any such designation or rescission thereof and of any change in the location of any such
other office or agency.



     Section 6.03 Appointment To Fill a Vacancy In Office of Trustee. The Company, whenever necessary
to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in
Section 9.11, a Trustee, so that there shall at all times be a Trustee hereunder.



     Section 6.04 Provision As To Paying Agent. The Trustee shall be the paying agent for the Notes
and, at the option of the Company, the Company may appoint additional paying agents (including
without limitation itself or its Subsidiary unless an Event of Default has occurred and is
continuing). Whenever the Company shall appoint a paying agent other than the Trustee with respect
to the Notes, it will cause such paying agent to execute and deliver to the Trustee an instrument
in which such agent shall agree with the Trustee, subject to the provisions of this Section:




     (1) that such paying agent will hold all sums received by it as such agent for the
payment of the principal of, premium, if any, or interest, if any, on the Notes (whether
such sums have been paid to it by the Company or by any other obligor on the Notes) in trust
for the benefit of the Holders of the Notes, or of the Trustee until such sums shall be paid
to such Holders or otherwise disposed of as herein provided;




     (2) that such paying agent will give the Trustee notice of any failure by the Company
(or by any other obligor on Notes) to make any payment of the principal of, premium if any,
or interest on the Notes when the same shall be due and payable; and




     (3) that such paying agent will at any time during the continuance of any such failure,
upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in
trust by such paying agent.



          The Company will, on or prior to each due date of the principal of and any premium, if any, or
interest on the Notes, deposit with the paying agent a sum sufficient to pay such principal and any
premium or interest so becoming due, such sum to be held in trust for the benefit of the Holders of
the Notes entitled to such principal of and any premium or interest, and (unless such paying agent
is the Trustee) the Company will promptly notify the Trustee of any failure to take such action.



          If the Company or its Subsidiary shall act as its own paying agent with respect to the Notes,
it will, on or before each due date of the principal of (and premium, if any) or interest, if any,
on the Notes, set aside, segregate and hold in trust for the benefit of the Holders of the Notes, a
sum sufficient to pay such principal (and premium, if any) or interest, if any, so becoming due
until such sums shall be paid to such Holders or otherwise disposed of as herein provided. The
Company will promptly notify the Trustee of any failure to take such action.



          The Company may at any time pay or cause to be paid to the Trustee all sums held in trust by
it or any paying agent hereunder, as required by this Section, such sums to be



26









 







held by the Trustee upon the trusts herein contained, and, upon such payment by any paying agent to
the Trustee, such paying agent shall be released from all further liability with respect to such
money.



          Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust
as provided in this Section is subject to the provisions of Section 5.05.



     Section 6.05 Corporate Existence. Subject to the rights of the Company under Article XII, the
Company shall do or cause to be done all things necessary to preserve and keep in full force and
effect its corporate existence and the rights (charter and statutory) and franchises of the
Company; provided, however, that the Company shall not be required to preserve any such right or
franchise if, in the judgment of the Company, the preservation thereof is no longer desirable in
the conduct of the business of the Company.



     Section 6.06 Certificates And Notice To Trustee. The Company shall, on or before December 1 of
each year, commencing December 1, 2009, deliver to the Trustee a certificate from its principal
executive officer, principal financial officer or principal accounting officer covering the
preceding calendar year and stating whether or not, to the knowledge of such Person, the Company
has complied with all conditions and covenants under this Indenture, and, if not, describing in
reasonable detail any failure by the Company to comply with any such conditions or covenants. For
purposes of this Section, compliance shall be determined without regard to any period of grace or
requirement of notice provided under this Indenture.



     Section 6.07 Statement By Officers As To Default. The Company shall deliver to the Trustee, as
soon as possible and in any event within five days after the Company becomes aware of the
occurrence of any Event of Default or an event which, with notice or the lapse of time or both,
would constitute an Event of Default, an Officers’ Certificate setting forth the details of such
Event of Default or default and the action which the Company proposes to take with respect thereto.



ARTICLE VII




NOTEHOLDER LISTS AND REPORTS BY

THE COMPANY AND THE TRUSTEE




     Section 7.01 Company To Furnish Noteholder Lists. The Company and any other obligor on the Notes
shall furnish or cause to be furnished to the Trustee a list in such form as the Trustee may
reasonably require of the names and addresses of the Holders of the Notes:



          (a) semi-annually and not more than 15 days after each Regular Record Date for each Interest
Payment Date that is not a Maturity date, as of such Regular Record Date, and such list need not
include information received after such date; and



          (b) at such other times as the Trustee may request in writing, within 30 days after receipt by
the Company of any such request, as of a date not more than 15 days prior to the time such
information is furnished, and such list need not include information received after such date;
provided that if and so long as the Trustee shall be the registrar for the Notes, such list shall
not be required to be furnished.



27









 





     Section 7.02 Preservation And Disclosure of Noteholder Lists.



          (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the Holders of the Notes (i) contained in the most
recent lists furnished to it as provided in Section 7.01, (ii) received by it in the capacity of
registrar for the Notes, if so acting, and (iii) filed with it within the two preceding years
pursuant to Section 7.04(d)(2). The Trustee may destroy any list furnished to it as provided in
Section 7.01 upon receipt of a new list so furnished.



          (b) In case three or more Holders of Notes (hereinafter referred to as “applicants”) apply in
writing to the Trustee and furnish to the Trustee reasonable proof that each such applicant has
owned a Note for a period of at least six months preceding the date of such application, and such
application states that the applicants desire to communicate with other Holders of Notes with
respect to their rights under this Indenture or under the Notes and such application is accompanied
by a copy of the form of proxy or other communication which such applicants propose to transmit,
then the Trustee shall, within five Business Days after the receipt of such application, at its
election, either




     (i) afford to such applicants access to the information preserved at the time
by the Trustee in accordance with the provisions of subsection (a) of this Section;
or




     (ii) inform such applicants as to the approximate number of Holders whose
names and addresses appear in the information preserved at the time by the Trustee,
in accordance with the provisions of such subsection (a) and as to the approximate
cost of mailing to such Holders the form of proxy or other communication, if any,
specified in such application.



          If the Trustee shall elect not to afford to such applicants access to such information, the
Trustee shall, upon the written request of such applicants, mail to each Holder of Notes, whose
name and address appears in the information preserved at the time by the Trustee in accordance with
the provisions of such subsection (a) a copy of the form of proxy or other communication which is
specified in such request, with reasonable promptness after a tender to the Trustee of the material
to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing,
unless within five days after such tender the Trustee shall mail to such applicants and file with
the Commission, together with a copy of the material to be mailed, a written statement to the
effect that, in the opinion of the Trustee, such mailing would be contrary to the best interests of
the Holders or would be in violation of applicable law. Such written statement shall specify the
basis of such opinion. If the Commission, after opportunity for a hearing upon the objections
specified in the written statement so filed, shall enter an order refusing to sustain any of such
objections or if, after the entry of an order sustaining one or more of such objections, the
Commission shall find, after notice and opportunity for hearing, that all the objections so
sustained have been met, and shall enter an order so declaring, the Trustee shall mail copies of
such material to all such Holders with reasonable promptness after the entry of
such order and the renewal of such tender; otherwise the Trustee shall be relieved of any
obligation or duty to such applicants respecting their application.



28









 





          (c) Each and every Holder of a Note, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee nor any agent of the Company or
the Trustee shall be held accountable by reason of the disclosure of any such information as to the
names and addresses of the Holders of Notes in accordance with the provisions of subsection (b) of
this Section, regardless of the source from which such information was derived, and that the
Trustee shall not be held accountable by reason of mailing any material pursuant to a request made
under such subsection (b).



     Section 7.03 Reports By The Company. The Company shall:



          (a) file with the Trustee, within 15 days after the Company is required to file the same with
the Commission, copies of the annual reports and of the information, documents and other reports
(or copies of such portions of any of the foregoing as the Commission may from time to time by
rules and regulations prescribe) which the Company may be required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended; or, if
the Company is not required to file information, documents or reports pursuant to either of said
Sections, then it will file with the Trustee and the Commission, in accordance with rules and
regulations prescribed from time to time by the Commission, such of the supplementary and periodic
information, documents and reports which may be required pursuant to Section 13 of the Securities
Exchange Act of 1934, as amended, in respect of a security listed and registered on a national
securities exchange as may be prescribed from time to time in such rules and regulations;



          (b) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and reports
with respect to compliance by the Company with the conditions and covenants of this Indenture as
may be required from time to time by such rules and regulations. Filing of such information,
documents and reports with the Trustee (pursuant to clauses (a) and (b)) is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates); and



          (c) transmit by mail to all Holders of Notes, within 30 days after the filing thereof with the
Trustee in the manner and to the extent provided in Section 7.04(d), such summaries of any
information, documents and reports required to be filed by the Company pursuant to paragraphs (a)
and (b) of this Section as may be required by rules and regulations prescribed from time to time by
the Commission.



          For purposes of this Section 7.03, the Company’s responsibility to file information with the
Trustee which is also filed with the Commission, shall be deemed to be satisfied by the posting of
the Company’s filings with the Commission on the Commission’s website (www.sec.gov/edgar).



     Section 7.04 Reports By The Trustee.



29









 




          (a) Annually, not later than July 15 of each year, the Trustee shall transmit by mail a brief
report dated as of the preceding May 15, commencing May 15, 2010, that complies with Section 313(a)
of the TIA (to the extent required by such Section).


          (b) The Trustee shall from time to time transmit by mail brief reports that comply, both in
content and date of delivery, with Section 313(b) of the TIA (to the extent required by such
Section).


          (c) A copy of each such report filed pursuant to this section shall, at the time of such
transmission to such Holders, be filed by the Trustee with each stock exchange upon which any Notes
are listed and also with the Commission. The Company will notify the Trustee promptly in writing
upon the listing of such Notes on any stock exchange or any delisting thereof.



          (d) Except as otherwise described in Section 7.03, reports pursuant to this Section shall be
transmitted:




     (1) by mail to all Holders of Notes, as their names and addresses appear in the
register for the Notes;




     (2) by mail to such Holders of Notes as have, within the two years preceding
such transmission, filed their names and addresses with the Trustee for such
purpose;




     (3) by mail, except in the case of reports pursuant to Section 7.04(b) hereof,
to all Holders of Notes whose names and addresses have been furnished to or received
by the Trustee pursuant to Section 7.01 and 7.02(a)(ii) hereof; and




     (4) at the time such report is transmitted to the Holders of the Notes, to each
exchange on which Notes are listed and also with the Commission.



ARTICLE VIII




REMEDIES OF THE TRUSTEE AND NOTEHOLDERS

ON EVENTS OF DEFAULT




     Section 8.01 Events of Default.



          (a) If one or more of the following Events of Default with respect to the Notes of any series
shall have occurred and be continuing:




     (1) default in the payment of any installment of interest upon any Note of such
series as and when the same shall become due and payable, and continuance of such
default for a period of thirty (30) days, provided, however, that a valid extension
of the interest payment period or deferral or extension of
interest payment by the Company as contemplated in Section 2.15 shall not
constitute a failure to pay interest for this purpose;



30









 






     (2) default in the payment of the principal of or premium, if any, on any Note
of such series as and when the same shall become due and payable, and continuance of
such default for a period of one (1) day;




     (3) failure on the part of the Company duly to observe or perform any other
covenants or agreements on the part of the Company contained in this Indenture
(other than a covenant or agreement that has been expressly included in this
Indenture solely for the benefit of one or more series of Notes other than such
series) for a period of sixty (60) days after the date on which written notice
specifying such failure, stating that such notice is a “Notice of Default” hereunder
and demanding that the Company remedy the same, shall have been given to the Company
by the Trustee by registered mail, or to the Company and the Trustee by the Holders
of not less than 33% in aggregate principal amount of the Notes of such series at
the time outstanding;




     (4) a court having jurisdiction in the premises shall enter a decree or order
for relief in respect of the Company in an involuntary case under any applicable
bankruptcy, insolvency or other similar law now or hereafter in effect, adjudging
the Company a bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of
the Company under any applicable law, or appointing a receiver, liquidator,
assignee, custodian, trustee or sequestrator (or similar official) of the Company or
for any substantial part of the property of the Company, or ordering the winding up
or liquidation of the affairs of the Company, and such decree or order shall remain
unstayed and in effect for a period of sixty (60) consecutive days;




     (5) the Company shall commence a voluntary case or proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law now or
hereafter in effect or any other case or proceeding to be adjudicated a bankrupt or
insolvent, or consent to the entry of a decree or order for relief in an involuntary
case under any such law, or to the commencement of any bankruptcy or insolvency case
or proceeding against it, or the filing by it of a petition or answer or consent
seeking reorganization or relief under any applicable law, or consent to the filing
of such petition or to the appointment or taking possession by a receiver,
liquidator, assignee, custodian, trustee or sequestrator (or similar official) of
the Company or for any substantial part of the property of the Company, or make any
general assignment for the benefit of creditors, or the notice by it in writing of
its inability to pay its debts generally as they become due, or the taking of any
corporate action by the Company in furtherance of any such action; or




     (6) any other Event of Default specified with respect to Notes of any series
pursuant to Section 2.05 hereof;


then, unless the principal of and interest on all of the Notes shall have already become due and
payable, either the Trustee or the Holders of a majority in aggregate principal amount of the


31









 






Notes of such series then outstanding, by notice in writing to the Company (and to the Trustee if
given by such Holders), may declare the principal of and interest on all the Notes of such series
to be due and payable immediately and upon any such declaration the same shall become immediately
due and payable, anything in this Indenture or in the Notes of such series contained to the
contrary notwithstanding; provided, however, that if an Event of Default shall have occurred and be
continuing with respect to more than one series of Notes, the Trustee or the Holders of a majority
in aggregate principal amount of the Outstanding Notes of all such series, considered as one class,
may make such declaration of acceleration, and not the Holders of the Notes of any one of such
series.




          The foregoing paragraph, however, is subject to the condition that if, at any time after the
principal of and interest on the Notes of any series shall have been so declared due and payable,
and before any judgment or decree for the payment of the moneys due shall have been obtained or
entered as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum
sufficient to pay all matured installments of interest upon all of the Notes of such series and the
principal of and any premium on any and all Notes of such series which shall have become due
otherwise than by acceleration (with interest on overdue installments of interest, to the extent
that payment of such interest is enforceable under applicable law, and on such principal and
applicable premium at the rate borne by the Notes of such series to the date of such payment or
deposit) and all sums paid or advanced by the Trustee hereunder, the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts
due the Trustee under Section 9.06 hereof, and any and all Events of Default, other than the
non-payment of principal of and accrued interest on any Notes which shall have become due solely by
acceleration of maturity, shall have been cured or waived, then and in every such case such payment
or deposit shall cause an automatic waiver of the Event of Default and its consequences and shall
cause an automatic rescission and annulment of the acceleration of the Notes of such series; but no
such waiver or rescission and annulment shall extend to or shall affect any subsequent default, or
shall impair any right consequent thereon.



          (b) If the Trustee shall have proceeded to enforce any right under this Indenture and such
proceedings shall have been discontinued or abandoned because of such rescission or annulment or
for any other reason or shall have been determined adversely to the Trustee, then and in every such
case the Company and the Trustee shall be restored respectively to their several positions and
rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue
as though no such proceeding had been taken.



     Section 8.02 Collection of Indebtedness By Trustee; Trustee May Prove Debt.



          (a) The Company covenants that if an Event of Default described in clause (a)(1) or (a)(2) of
Section 8.01 hereof shall have occurred and be continuing, then, upon demand of the Trustee, the
Company shall pay to the Trustee, for the benefit of the Holders of the Notes of the series with
respect to which Event of Default shall have occurred and is continuing, the whole amount that then
shall have so become due and payable on all such Notes for principal or interest, as the case may
be, with interest upon the overdue principal and any premium and (to the extent that payment of
such interest is enforceable under applicable law) upon the overdue installments of interest at the
rate borne by such Notes; and, in addition thereto, such further amounts as shall be sufficient to
cover the costs and expenses of collection, including reasonable



32









 







compensation to the Trustee, its agents, attorneys and counsel and any expenses or liabilities
incurred by the Trustee hereunder other than through its negligence or bad faith. Until such
demand is made by the Trustee, the Company may pay the principal of and interest on such Notes to
the Holders, whether or not such Notes be overdue.



          (b) In case the Company shall fail forthwith to pay such amounts upon such demand, the
Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to
institute any actions or proceedings at law or in equity for the collection of the sums so due and
unpaid, and may enforce any such judgment or final decree against the Company or any other obligor
on such Notes and collect in the manner provided by law out of the property of the Company or any
other obligor on such Notes wherever situated, the moneys adjudged or decreed to be payable.



          (c) In case there shall be pending proceedings relative to the Company or any other obligor
upon the Notes under Title 11 of the United States Code or any other applicable Federal or state
bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in
bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been
appointed for or taken possession of the Company or its property or such other obligor, or in case
of any other comparable judicial proceedings relative to the Company or such other obligor, or to
the creditors or property of the Company or such other obligor, the Trustee, irrespective of
whether the principal of the Notes shall then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Trustee shall have made any demand
pursuant to the provisions of this Section, shall be entitled and empowered, by intervention in
such proceedings or otherwise:




     (1) to file and prove a claim or claims for the whole amount of the principal
and interest owing and unpaid in respect of the Notes, and to file such other papers
or documents as may be necessary or advisable in order to have the claims of the
Trustee and of the Noteholders allowed in any judicial proceedings relative to the
Company or such other obligor, or to the creditors or property of the Company or
such other obligor; and




     (2) to collect and receive any moneys or other property payable or deliverable
on any such claims, and to distribute all amounts received with respect to the
claims of the Noteholders and of the Trustee on their behalf; and any trustee,
receiver, liquidator, custodian or other similar official is hereby authorized by
each of the Noteholders to make payments to the Trustee, and, in the event that the
Trustee shall consent to the making of the payments directly to the Noteholders, to
pay to Trustee such amounts due pursuant to Section 9.06 hereof.



          (d) Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent
to or vote for or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Notes of any series or the rights of any Holder thereof, or
to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding
except to vote for the election of a trustee in bankruptcy or similar person.



33









 





          (e) All rights of action and of asserting claims under this Indenture, or under any of the
Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or
the production thereof at any trial or other proceedings relative thereto, and any such action or
proceedings instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and
compensation of the Trustee and its agents, attorneys and counsel, shall be for the ratable benefit
of the Holders of the Notes in respect of which such action was taken.



          (f) In any proceedings brought by the Trustee (and also any proceedings involving the
interpretation of any provision of this Indenture to which the Trustee shall be a party), the
Trustee shall be held to represent all the Holders of the Notes in respect to which action was
taken, and it shall not be necessary to make any Holders of such Notes parties to any such
proceedings.



     Section 8.03 Application of Proceeds. Any moneys collected by the Trustee with respect to a series
of Notes pursuant to this Article shall be applied in the following order, at the date or dates
fixed by the Trustee for the distribution of such moneys, upon presentation of the several Notes of
such series, and stamping thereon the payment, if only partially paid, and upon surrender thereof
if fully paid.



          FIRST: To the payment of all amounts due to the Trustee pursuant to Section 9.06 hereof;



          SECOND: Subject to Article XVI, in case the principal of the Outstanding Notes of such series
in respect of which such moneys have been collected shall not have become due and be unpaid, to the
payment of interest on such Notes, in the order of the maturity of the installments of such
interest, with interest (to the extent allowed by law) upon the overdue installments of interest at
the rate borne by such Notes, such payments to be made ratably to the Persons entitled thereto, and
then to the payment to the Holders entitled thereto of the unpaid principal of and applicable
premium on any of such Notes which shall have become due (other than Notes previously called for
redemption for the payment of which moneys are held pursuant to the provisions of this Indenture),
whether at Stated Maturity or by redemption, in the order of their due dates, beginning with the
earliest due date, and if the amount available is not sufficient to pay in full all such Notes due
on any particular date, then to the payment thereof ratably, according to the amounts of principal
and applicable premium due on that date, to the Holders entitled thereto, without any
discrimination or privilege;



          THIRD: In case the principal of the Outstanding Notes of such series in respect of which such
moneys have been collected shall have become due, by declaration or otherwise, to the payment of
the whole amount then owing and unpaid upon such Notes for principal and any premium and interest
thereon, with interest on the overdue principal and any premium and (to the extent allowed by law)
upon overdue installments of interest at the rate borne by such Notes; and in case such moneys
shall be insufficient to pay in full the whole amount so due and unpaid upon such Notes, then to
the payment of such principal and any premium and interest without preference or priority of
principal and any premium over interest, or of interest over principal and any premium or of any
installment of interest over any other installment of interest, or of any



34









 







Note over any other Note, ratably to the aggregate of such principal and any premium and
accrued and unpaid interest; and



          FOURTH: To the payment of the remainder, if any, to the Company or its successors or assigns,
or as a court of competent jurisdiction may determine.



     Section 8.04 Limitations On Suits By Noteholders.



          (a) No Holder of any Note of any series shall have any right by virtue of or by availing of
any provision of this Indenture to institute any suit, action or proceeding in equity or at law
upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or
for any other remedy hereunder, unless such Holder previously shall have given to the Trustee
written notice of an Event of Default with respect to such Note and of the continuance thereof, as
hereinabove provided, and unless also Noteholders of a majority in aggregate principal amount of
the Notes of all series then outstanding in respect of which an Event of Default has occurred and
is continuing, considered as one class, shall have made written request upon the Trustee to
institute such action, suit or proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby, and the Trustee for 60 days after its receipt of
such notice, request and offer of indemnity, shall have neglected or refused to institute any such
action, suit or proceeding; it being understood and intended, and being expressly covenanted by the
taker and Holder of every Note of any series with every other taker and Holder and the Trustee,
that no one or more Holders of Notes of such series shall have any right in any manner whatever by
virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights
of any other Holder of Notes of such series, or to obtain or seek to obtain priority over or
preference to any other such Holder or to enforce any right under this Indenture, except in the
manner herein provided and for the equal, ratable and common benefit of all Holders of Notes of
such series. For the protection and enforcement of the provisions of this Section, each and every
Noteholder and the Trustee shall be entitled to such relief as can be given either at law or in
equity.



          (b) Notwithstanding any other provision in this Indenture, however, the rights of any Holder
of any Note to receive payment of the principal of and any premium and interest on such Note, on or
after the respective due dates expressed in such Note or on the applicable redemption date, or to
institute suit for the enforcement of any such payment on or after such respective dates are
absolute and unconditional, and shall not be impaired or affected without the consent of such
Holder.



     Section 8.05 Suits For Enforcement. In case an Event of Default has occurred, has not been cured
or waived and is continuing hereunder, the Trustee may in its discretion proceed to protect and
enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the
Trustee shall deem necessary to protect and enforce any of such rights, either by suit in equity or
by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement
of any covenant or agreement contained in this Indenture or in aid of the exercise of any power
granted to it under
this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this
Indenture or by law.



35









 





     Section 8.06 Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of Default. No right or
remedy herein conferred upon or reserved to the Trustee or to the Holders of Notes is intended to
be exclusive of any other right or remedy, and every right and remedy shall, to the extent
permitted by law, be cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise. The assertion or employment of any
right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment
of any other appropriate right or remedy.



          No delay or omission of the Trustee or of any Holder of Notes to exercise any right or power
accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such
right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence
therein; and, subject to Section 8.04, every right and power given by this Indenture or by law to
the Trustee or to the Holders of Notes may be exercised from time to time, and as often as shall be
deemed expedient, by the Trustee or by the Holders of Notes, as the case may be.




			
	     Section 8.07	 	Direction Of Proceedings And Waiver Of Defaults By Majority Of Noteholders.





          (a) The Holders of a majority in aggregate principal amount of the Notes of any series at the
time Outstanding shall have the right to direct the time, method, and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on
the Trustee; provided, however, that if an Event of Default shall have occurred and be continuing
with respect to more than one series of Notes, the Holders of a majority in aggregate principal
amount of the Outstanding Notes of all such series, considered as one class, shall have the right
to make such direction, and not the Holders of the Notes of any one of such series; provided,
further, that such direction shall not be otherwise than in accordance with law and the provisions
of this Indenture; and provided further that (subject to Section 9.01 hereof) the Trustee shall
have the right to decline to follow any such direction if the Trustee being advised by counsel
determines that the action or proceeding so directed may not lawfully be taken or if the Trustee in
good faith by its board of directors or trustees, executive committee, or a trust committee of
directors or trustees or Responsible Officers shall determine that the action or proceeding so
directed would involve the Trustee in personal liability. Nothing in this Indenture shall impair
the right of the Trustee in its discretion to take any action deemed proper by the Trustee and
which is not inconsistent with such direction or directions by Noteholders.



          (b) The Holders of a majority in aggregate principal amount of the Notes of any series at the
time outstanding may on behalf of all of the Holders of the Notes of such series waive any past
default or Event of Default hereunder and its consequences except a default in the payment of
principal of or any premium or interest on the Notes of such series or in respect of a covenant or
provision hereof which under Article XIII cannot be modified or amended without the consent of the
Holder of each Outstanding Note of such series affected. Upon any such
waiver the Company, the Trustee and the Holders of the Notes of such series shall be restored
to their former positions and rights hereunder, respectively, but no such waiver shall extend to
any subsequent or other default or Event of Default or impair any right consequent thereon. Upon
such waiver, such default shall cease to exist and be deemed to have been cured and not to be



36









 







continuing, and any Event of Default arising therefrom shall be deemed to have been cured and not
to be continuing, for every purpose of this Indenture; but no such waiver shall extend to any
subsequent or other default or Event of Default or impair any right consequent thereon.



     Section 8.08 Notice Of Default. The Trustee shall, within 90 days after the occurrence of a
default with respect to the Notes of any series, give to all Holders of the Notes of such series,
in the manner provided in Section 16.11, notice of such default actually known to the Trustee,
unless such default shall have been cured or waived before the giving of such notice, the term
“default” for the purpose of this Section 8.08 being hereby defined to be any event which is or
after notice or lapse of time or both would become an Event of Default; provided that, except in
the case of default in the payment of the principal of or any premium or interest on any of the
Notes of such series, or in the payment of any sinking or purchase fund installments, the Trustee
shall be protected in withholding such notice if and so long as its board of directors or trustees,
executive committee, or a trust committee of directors or trustees or Responsible Officers in good
faith determines that the withholding of such notice is in the interests of the Holders of the
Notes of such series.



     Section 8.09 Undertaking To Pay Costs. All parties to this Indenture agree, and each Holder of any
Note by acceptance thereof shall be deemed to have agreed, that any court may in its discretion
require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any
party litigant in such suit of an undertaking to pay the costs of such suit, and that such court
may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses,
against any party litigant in such suit, having due regard to the merits and good faith of the
claims or defenses made by such party litigant; but this Section 8.09 shall not apply to any suit
instituted by the Trustee, or to any suit instituted by any Noteholder, or group of Noteholders,
holding in the aggregate more than 10% in principal amount of the Notes of all series in respect of
which such suit may be brought, considered as one class, or to any suit instituted by any
Noteholder for the enforcement of the payment of the principal of or any premium or interest on any
Note on or after the due date expressed in such Note or the applicable redemption date.



     Section 8.10 Restoration Of Rights On Abandonment Of Proceedings. In case the Trustee or any
Holder shall have proceeded to enforce any right under this Indenture and such proceedings shall
have been discontinued or abandoned for any reason, or shall have been determined adversely to the
Trustee or to such Holder, then, and in every such case, the Company, the Trustee and the Holders
shall be restored respectively to their former positions and rights hereunder, and all rights,
remedies and powers of the Company, the Trustee and the Holders shall continue as though no such
proceedings had been taken.



     Section 8.11 Waiver Of Usury, Stay Or Extension Laws. The Company covenants (to the extent that it
may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now
or at any time hereafter in force, which may
affect the covenants or the performance of this Indenture; and the Company (to the extent that it
may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants
that it will not hinder,



37









 







delay or impede the execution of any power herein granted to the Trustee, but will suffer and
permit the execution of every such power as though no such law had been enacted.



ARTICLE IX




CONCERNING THE TRUSTEE




     Section 9.01 Duties And Responsibilities Of Trustee.



          (a) The Trustee, prior to the occurrence of an Event of Default and after the curing of all
Events of Default which may have occurred, undertakes to perform such duties and only such duties
as are specifically set forth in this Indenture. If an Event of Default has occurred (which has
not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by
this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would
exercise or use under the circumstances in the conduct of his own affairs.



          (b) No provisions of this Indenture shall be construed to relieve the Trustee from liability
for its own negligent action, its own negligent failure to act or its own willful misconduct,
except that:




     (1) prior to the occurrence of any Event of Default and after the curing or
waiving of all Events of Default which may have occurred:




     (A) the duties and obligations of the Trustee shall be determined
solely by the express provisions of this Indenture, and the Trustee shall
not be liable except for the performance of such duties and obligations as
are specifically set forth in this Indenture, and no implied covenants or
obligations shall be read into this Indenture against the Trustee; and




     (B) in the absence of bad faith or actual knowledge on the part of a
Responsible Officer of the Trustee, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture; but, in the case of any
such certificates or opinions which by any provision hereof are specifically
required to be furnished to the Trustee, the Trustee shall be under a duty
to examine the same to determine whether or not they conform to the
requirements of this Indenture (but need not confirm or investigate the
accuracy of mathematical calculations or other facts stated therein);




     (2) the Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer or Officers of the Trustee, unless it shall be proved
that the Trustee was negligent in ascertaining the pertinent facts; and



38









 






     (3) the Trustee shall not be liable with respect to any action taken or omitted
to be taken by it in good faith in accordance with the direction, pursuant to this
Indenture, of the Holders of a majority in aggregate principal amount of the Notes
of any one or more series, as provided herein, including, but not limited to,
Section 8.07 hereof relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred upon the Trustee under this Indenture with respect to the Notes of such
series.




     (4) No provision of this Indenture shall require the Trustee to expend or risk
its own funds or otherwise incur any financial liability in the performance of any
of its duties hereunder, or in the exercise of any of its rights or powers, if it
shall have reasonable grounds for believing that repayment of such funds or adequate
indemnity satisfactory to it against such risk or liability is not reasonably
assured to it.



          (c) Whether or not therein expressly so provided, every provision of this Indenture relating
to the conduct or affecting the liability of or affording protection to the Trustee shall be
subject to the provisions of this Section.



     Section 9.02 Reliance On Documents, Opinions, Etc. Except as otherwise provided in Section 9.01
hereof:



          (a) the Trustee may conclusively rely and shall be fully protected in acting or refraining
from acting upon any resolution, certificate, statement, instrument, opinion, report, notice,
request, consent, order, note or other paper or document believed by it to be genuine and to have
been signed or presented by the proper party or parties;



          (b) any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof is
herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to
the Trustee by a copy thereof certified by a Board Resolution;



          (c) the Trustee may consult with counsel of its selection and any advice or Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or
omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel;



          (d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request, order or direction of any of the Noteholders, pursuant to this
Indenture, unless such Noteholders shall have offered to the Trustee reasonable security or
indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred by
such exercise;



          (e) the Trustee shall not be liable for any action taken, suffered or omitted by it in good
faith and believed by it to be authorized or within the discretion or rights or powers conferred
upon it by this Indenture;



39









 





          (f) prior to the occurrence of an Event of Default hereunder and after the curing or waiving
of all Events of Default, the Trustee shall not be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice,
request, consent, order, approval, note or other paper or document, unless requested in writing to
do so by the Holders of a majority in aggregate principal amount of the then outstanding Notes of
any series; provided that if the payment within a reasonable time to the Trustee of the costs,
expenses or liabilities likely to be incurred by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by
this Indenture, the Trustee may require reasonable indemnity satisfactory to it against such
expense or liability as a condition to so proceeding;



          (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or through agents or attorneys; provided that the Trustee shall not be
liable for the conduct or acts of any such agent or attorney that shall have been appointed in
accordance herewith with due care.



          (h) in no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action.



          (i) the Trustee shall not be deemed to have notice of any default hereunder or Event of
Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written
notice of any event which is in fact such a default is received by the Trustee at the Corporate
Trust Office of the Trustee, and such notice references the Notes and this Indenture;



          (j) the rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and
other Person employed to act hereunder;



          (k) the Trustee may request that the Company deliver an Officers’ Certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified
actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person
authorized to sign an Officers’ Certificate, including any person specified as so authorized in any
such certificate previously delivered and not superseded; and



          (l) in no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused by, directly or
indirectly, forces beyond its reasonable control, including without limitation strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications
or computer (software or hardware) services.



     Section 9.03 No Responsibility For Recitals, Etc.
The recitals contained herein and in the Notes (except in the certificate of authentication) shall
be taken as the statements of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The



40









 







Trustee makes no representations as to the validity or sufficiency of this Indenture or of the
Notes. The Trustee shall not be accountable for the use or application by the Company of any Notes
or the proceeds of any Notes authenticated and delivered by the Trustee in conformity with this
Indenture.



     Section 9.04 Trustee, Authenticating Agent, Paying Agent Or Registrar May Own Notes. The Trustee
and any Authenticating Agent or paying agent in its individual or other capacity, may become the
owner or pledgee of Notes with the same rights it would have if it were not Trustee, Authenticating
Agent or paying agent.



     Section 9.05 Moneys To Be Held In Trust. Subject to Section 5.05 hereof, all moneys received by
the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for
which they were received, but need not be segregated from other funds except to the extent required
by law. The Trustee may allow and credit to the Company interest on any money received hereunder
at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may
be permitted by law.



     Section 9.06 Compensation And Expenses Of Trustee. The Company covenants and agrees to pay to the
Trustee from time to time, and the Trustee shall be entitled to, such compensation as the Company
and the Trustee shall from time to time agree in writing (which shall not be limited by any law in
regard to the compensation of a trustee of an express trust), and the Company shall pay or
reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances
incurred or made by the Trustee in accordance with this Indenture (including the reasonable
compensation and the reasonable expenses and disbursements of its counsel and agents, including any
Authenticating Agents, and of all persons not regularly in its employ) except any such expense,
disbursement or advance as shall be determined to have been caused by its own negligence or willful
misconduct. The Company also covenants to indemnify each of the Trustee or any predecessor and
their agents, officers and employees for, and to hold them harmless against, any loss, liability,
claim, damage or expense incurred without negligence or willful misconduct on their part and
arising out of or in connection with the acceptance or administration of this trust, including the
costs and expenses of defending themselves against any claim or liability. The obligations of the
Company under this Section 9.06 shall constitute additional indebtedness hereunder. Such
additional indebtedness shall be secured by a lien prior to that of the Notes upon all property and
funds held or collected by the Trustee as such, except funds held in trust for the benefit of the
Holders of any particular Notes. The provisions of this Section 9.06 shall survive termination of
this Indenture and resignation or removal of the Trustee.



     Section 9.07 Officers’ Certificate As Evidence. Whenever in the administration of this Indenture,
the Trustee shall deem it necessary or desirable that a matter be proved or established prior to
the taking, suffering or omitting of any action hereunder, such matter (unless other evidence in
respect thereof is herein specifically prescribed) may, in the absence of negligence or bad faith
on the part of the Trustee, be deemed to be
conclusively proved and established by an Officers’ Certificate delivered to the Trustee, and such
Officers’ Certificate, in the absence of negligence or bad faith on the part of the Trustee, shall
be full warrant to the Trustee for any action taken, suffered or omitted by it under this Indenture
in reliance thereon.



41









 





     Section 9.08 Conflicting Interest Of Trustee. The Trustee shall be subject to and shall comply
with the provisions of Section 310(b) of the TIA. Nothing in this Indenture shall be deemed to
prohibit the Trustee or the Company from making any application permitted pursuant to such section.



     Section 9.09 Existence And Eligibility Of Trustee. There shall at all times be a Trustee hereunder
which Trustee shall at all times be a corporation organized and doing business under the laws of
the United States or any State thereof or of the District of Columbia having a combined capital and
surplus of at least $50,000,000 and which is authorized under such laws to exercise corporate trust
powers and is subject to supervision or examination by Federal or State authorities. If such
corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of the aforesaid authority, then for the purposes of this Section 9.09, the combined
capital and surplus shall be deemed to be as set forth in its most recent report of condition so
published. No obligor upon the Notes or Person directly or indirectly controlling, controlled by,
or under common control with such obligor shall serve as Trustee. If at any time the Trustee shall
cease to be eligible in accordance with this Section 9.09, the Trustee shall resign immediately in
the manner and with the effect specified in Section 9.10 hereof.



     Section 9.10 Resignation Or Removal Of Trustee.



          (a) Pursuant to the provisions of this Article, the Trustee may at any time resign as Trustee
with respect to the Notes of any series by giving written notice to the Company specifying the day
upon which such resignation shall take effect, and such resignation shall take effect immediately
upon the later of the appointment of a successor trustee and such specified day.



          (b) Any Trustee may be removed at any time with respect to the Notes of any series by an
instrument or concurrent instruments in writing filed with such Trustee and signed and acknowledged
by the Holders of a majority in aggregate principal amount of the then outstanding Notes of such
series or by their attorneys in fact duly authorized.



          (c) So long as no Event of Default has occurred and is continuing, and no event has occurred
and is continuing that, with the giving of notice or the lapse of time or both, would become an
Event of Default, the Company may remove the Trustee as Trustee with respect to the Notes of any
series upon written notice to the Holder of each Note Outstanding of such series and the Trustee
and appoint a successor Trustee with respect to the Notes of such series meeting the requirements
of Section 9.09. The Company or the successor Trustee shall give notice to the Holders of the
Notes of such series, in the manner provided in Section 16.11, of such removal and appointment
within 30 days of such removal and appointment.



          (d) If at any time (i) the Trustee shall cease to be eligible in accordance with Section 9.09
hereof and shall fail to resign after written request therefor by the Company or by any Holder who
has been a bona fide Holder for at least six months, (ii) the Trustee shall fail to
comply with Section 9.08 hereof after written request therefor by the Company or any such
Holder, or (iii) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or its property shall be appointed or any public officer
shall take charge or control of the Trustee or of its property or affairs for the purpose of
rehabilitation,




42












 




conservation or liquidation, then the Trustee may be removed forthwith by an instrument or
concurrent instruments in writing filed with the Trustee and either:





     (1) signed by the Chairman, the President or any Vice President of the Company
and attested by the Secretary or an Assistant Secretary of the Company; or




     (2) signed and acknowledged by the Holders of a majority in principal amount of
outstanding Notes or by their attorneys in fact duly authorized.



          (e) Any resignation or removal of the Trustee shall not become effective until acceptance of
appointment by the successor Trustee as provided in Section 9.11 hereof.



     Section 9.11 Appointment Of Successor Trustee.



          (a) If at any time the Trustee shall resign or be removed or if a vacancy shall arise in the
office of Trustee for any cause with respect to the Notes of any series, the Company, by a Board
Resolution, shall promptly appoint a successor Trustee with respect to Notes of that or those
series.



          (b) [Reserved]



          (c) If no appointment of a successor Trustee of a series of Notes shall be made pursuant to
Section 9.11(a) hereof within 60 days after appointment shall be required, any Noteholder of such
series or the resigning Trustee may apply at the expense of the Company to any court of competent
jurisdiction to appoint a successor Trustee for such series. Said court may thereupon after such
notice, if any, as such court may deem proper and prescribe, appoint a successor Trustee.



          (d) Any Trustee appointed under this Section 9.11 as a successor Trustee shall be a bank or
trust company eligible under Section 9.09 hereof and qualified under Section 9.08 hereof.



     Section 9.12 Acceptance By Successor Trustee.



          (a) (i) In the case of the appointment hereunder of a successor trustee with respect to all
Notes, every such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee; but, on the request of the Company or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an
instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring
Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and
money held by such retiring Trustee hereunder.



               (ii) In case of the appointment hereunder of a successor Trustee with respect to the Notes of
one or more (but not all) series, the Company, the retiring Trustee and



43









 







each successor Trustee with respect to the Notes of one or more series shall execute and deliver an
indenture supplemental hereto wherein each successor Trustee shall accept such appointment and
which (A) shall contain such provisions as shall be necessary or desirable to transfer and confirm
to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Notes of that or those series to which the appointment of such
successor Trustee relates, (B) if the retiring Trustee is not retiring with respect to all Notes,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Notes of that or
those series as to which the retiring Trustee is not retiring shall continue to be vested in the
retiring Trustee, and (C) shall add to or change any of the provisions of this Indenture as shall
be necessary to provide for or facilitate the administration of the trusts hereunder by more than
one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee
of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee and upon the execution and delivery of such supplemental indenture the
resignation or removal of the retiring Trustee shall become effective to the extent provided
therein and each such successor Trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts, and duties of the retiring Trustee with respect to the
Notes of that or those series to which the appointment of such successor Trustee related; but, on
request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer
and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder with respect to the Notes of that or those series to which the appointment of such
successor Trustee relates.



               (iii) Upon request of any such successor Trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor Trustee all
such rights, powers and trusts referred to in paragraph (i) or (ii) of this Subsection, as the case
may be.



          (b) No successor Trustee shall accept appointment as provided in this Section 9.12 unless at
the time of such acceptance such successor Trustee shall be qualified under Section 9.08 hereof and
eligible under Section 9.09 hereof.



          (c) Upon acceptance of appointment by a successor Trustee as provided in this Section 9.12,
the successor Trustee shall mail notice of its succession hereunder to all Holders of Notes as the
names and addresses of such Holders appear on the registry books.



     Section 9.13 Succession By Merger, Etc.



          (a) Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Trustee, shall be the successor of the Trustee hereunder without
the execution or filing of any paper or any further act on the part of any of the parties hereto,
provided such corporation shall be otherwise qualified and eligible under this Article.



44









 





          (b) If at the time such successor to the Trustee shall succeed to the trusts created by this
Indenture any of the Notes shall have been authenticated but not delivered, any such successor to
the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver
such Notes so authenticated; and in case at that time any of the Notes shall not have been
authenticated, any successor to the Trustee may authenticate such Notes either in the name of any
predecessor hereunder or in the name of the successor Trustee; and in all such cases such
certificates shall have the full force which it is anywhere in the Notes or in this Indenture
provided that the certificates of the Trustee shall have; provided that the right to adopt the
certificate of authentication of any predecessor Trustee or authenticate Notes in the name of any
predecessor Trustee shall apply only to its successor or successors by merger, conversion or
consolidation.



     Section 9.14 Limitations On Rights Of Trustee As A Creditor. The Trustee shall be subject to, and
shall comply with, the provisions of Section 311 of the TIA.



     Section 9.15 Authenticating Agent.



          (a) There may be one or more Authenticating Agents appointed by the Trustee with the written
consent of the Company, with power to act on its behalf and subject to the direction of the Trustee
in the authentication and delivery of Notes in connection with transfers and exchanges under
Sections 2.06, 2.07, 2.08, 2.13, 3.03, and 13.04 hereof, as fully to all intents and purposes as
though such Authenticating Agents had been expressly authorized by those Sections to authenticate
and deliver Notes. For all purposes of this Indenture, the authentication and delivery of Notes by
any Authenticating Agent pursuant to this Section 9.15 shall be deemed to be the authentication and
delivery of such Notes “by the Trustee.” Any such Authenticating Agent shall be a bank or trust
company or other Person of the character and qualifications set forth in Section 9.09 hereof.



          (b) Any corporation into which any Authenticating Agent may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger, conversion or
consolidation to which any Authenticating Agent shall be a party, or any corporation succeeding to
all or substantially all of the corporate trust business of any Authenticating Agent, shall be the
successor of such Authenticating Agent hereunder, if such successor corporation is otherwise
eligible under this Section 9.15, without the execution or filing of any paper or any further act
on the part of the parties hereto or such Authenticating Agent or such successor corporation.



          (c) Any Authenticating Agent may at any time resign by giving written notice of resignation to
the Trustee and to the Company. The Trustee may at any time terminate the agency of any
Authenticating Agent by giving written notice of termination to such Authenticating Agent and to
the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at
any time any Authenticating Agent shall cease to be eligible under this Section 9.15, the Trustee
may, with the written consent of the Company, appoint a successor Authenticating Agent, and upon so
doing shall give written notice of such appointment to the Company and shall mail, in the manner
provided in Section 16.11, notice of such appointment to the Holders of Notes.



45









 





          (d) The Company agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services.



          (e) Sections 9.02, 9.03, 9.06, 9.07 and 9.09 hereof shall be applicable to any Authenticating
Agent.



ARTICLE X




CONCERNING THE NOTEHOLDERS




     Section 10.01 Action By Noteholders. Whenever in this Indenture it is provided that the Holders of
a specified percentage in aggregate principal amount of the Notes of any series may take any
action, the fact that at the time of taking any such action the Holders of such specified
percentage have joined therein may be evidenced (a) by any instrument or any number of instruments
of similar tenor executed by such Noteholders in person or by agent or proxy appointed in writing,
(b) by the record of such Noteholders voting in favor thereof at any meeting of Noteholders duly
called and held in accordance with Article XI hereof, or (c) by a combination of such instrument or
instruments and any such record of such a meeting of Noteholders.



     Section 10.02 Proof Of Execution By Noteholders.



          (a) Subject to Sections 9.01, 9.02 and 11.05 hereof, proof of the execution of any instruments
by a Noteholder or the agent or proxy for such Noteholder shall be sufficient if made in accordance
with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as
shall be satisfactory to the Trustee. The ownership of Notes shall be proved by the register for
the Notes maintained by the Trustee.



          (b) The record of any Noteholders’ meeting shall be proven in the manner provided in Section
11.06 hereof.



     Section 10.03 Persons Deemed Absolute Owners. Subject to Sections 2.04(f) and 10.01 hereof, the
Company, the Trustee, and any agent of the foregoing shall deem the person in whose name any Note
shall be registered upon the register for the Notes to be, and shall treat such person as, the
absolute owner of such Note (whether or not such Note shall be overdue) for the purpose of
receiving payment of or on account of the principal and premium, if any, and interest on such Note,
and for all other purposes; and neither the Company nor the Trustee nor any such agent shall be
affected by any notice to the contrary. All such payments shall be valid and effectual to satisfy
and discharge the liability upon any such Note to the extent of the sum or sums so paid.



          Section 10.04 Company-Owned Notes Disregarded. In determining whether the Holders of the requisite
aggregate principal amount of Outstanding Notes of any series have concurred in any direction,
consent or waiver under this Indenture, Notes that are owned by the Company or any other obligor on
the Notes or by any person
directly or indirectly controlling or controlled by or under direct or indirect common control with
the Company or any other obligor on the Notes shall be disregarded and deemed not to be Outstanding
for the purpose of any such determination; provided that, for the purposes of determining whether
the Trustee shall be



46








 







protected in relying on any such direction, consent or waiver, only Notes which a Responsible
Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned which
have been pledged in good faith to third parties may be regarded as Outstanding for the purposes of
this Section 10.04 if the pledgee shall establish the pledgee’s right to take action with respect
to such Notes and that the pledgee is not a Person directly or indirectly controlling or controlled
by or under direct or indirect common control with the Company or any such other obligor. In the
case of a dispute as to such right, the Trustee may rely upon an Opinion of Counsel and an
Officers’ Certificate to establish the foregoing.



     Section 10.05 Revocation Of Consents; Future Holders Bound. Except as may be otherwise required in
the case of a Global Note by the applicable rules and regulations of the Depositary, at any time
prior to the taking of any action by the Holders of the percentage in aggregate principal amount of
the Notes of any series specified in this Indenture in connection with such action, any Holder of a
Note, which has been included in the Notes the Holders of which have consented to such action may,
by filing written notice with the Trustee at the Corporate Trust Office of the Trustee and upon
proof of ownership as provided in Section 10.02(a) hereof, revoke such action so far as it concerns
such Note. Except as aforesaid, any such action taken by the Holder of any Note shall be
conclusive and binding upon such Holder and upon all future Holders and owners of such Note and of
any Notes issued in exchange, substitution or upon registration of transfer thereof, irrespective
of whether or not any notation thereof is made upon such Note or such other Notes.



     Section 10.06 Record Date For Noteholder Acts. If the Company shall solicit from the Noteholders
any request, demand, authorization, direction, notice, consent, waiver or other act, the Company
may, at its option, by Board Resolution, fix in advance a record date for the determination of
Noteholders entitled to give such request, demand, authorization, direction, notice, consent,
waiver or other act (or any revocation thereof), but the Company shall have no obligation to do so.
If such a record date is fixed, such request, demand, authorization, direction, notice, consent,
waiver or other act (or any revocation thereof) may be given before or after the record date, but
only the Noteholders of record at the close of business on the record date shall be deemed to be
Noteholders for the purpose of determining whether Holders of the requisite aggregate principal
amount of Outstanding Notes have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other act, and for that purpose the
Outstanding Notes shall be computed as of the record date; provided that no such request, demand,
authorization, direction, notice, consent, waiver or other act by the Noteholders on the record
date shall be deemed effective unless it shall become effective pursuant to this Indenture not
later than six months after the record date. To the extent required by the TIA, any such record
date shall be at least 30 days prior to the date of the solicitation to the Noteholders by the
Company.



ARTICLE XI




NOTEHOLDERS’ MEETING




     Section 11.01
Purposes Of Meetings. A meeting of Noteholders of any series may be called at any time and from time to time pursuant to
this Article XI for any of the following purposes:



47








 





          (a) to give any notice to the Company or to the Trustee, or to give any directions to the
Trustee, or to consent to the waiving of any Event of Default hereunder and its consequences, or to
take any other action authorized to be taken by Noteholders pursuant to Article XIII;



          (b) to remove the Trustee pursuant to Article IX;



          (c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to
Section 13.02 hereof; or



          (d) to take any other action authorized to be taken by or on behalf of the Holders of any
specified aggregate principal amount of the Notes of any series, as the case may be, under any
other provision of this Indenture or under applicable law.



     Section 11.02 Call Of Meetings By Trustee. The Trustee may at any time call a meeting of Holders
of Notes of any series to take any action specified in Section 11.01 hereof, to be held at such
time and at such place as the Trustee shall determine. Notice of every such meeting of
Noteholders, setting forth the time and the place of such meeting and in general terms the action
proposed to be taken at such meeting, shall be given to Holders of the Notes that may be affected
by the action proposed to be taken at such meeting in the manner provided in Section 16.11 hereof.
Such notice shall be given not less than 20 nor more than 90 days prior to the date fixed for such
meeting.



     Section 11.03 Call Of Meetings By Company Or Noteholders. If at any time the Company, pursuant to
a Board Resolution, or the Holders of at least 10% in aggregate principal amount of the Notes of
all series then outstanding, considered as one class, shall have requested the Trustee to call a
meeting of Noteholders, by written request setting forth in reasonable detail the action proposed
to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within
20 days after receipt of such request, then the Company or such Noteholders may determine the time
and the place for such meeting and may call such meeting to take any action authorized in Section
11.01 hereof, by giving notice thereof as provided in Section 11.02 hereof.



     Section 11.04 Qualifications For Voting. To be entitled to vote at any meetings of Noteholders a
Person shall (a) be a Holder of one or more Notes affected by the action proposed to be taken or
(b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more such
Notes. The only Persons who shall be entitled to be present or to speak at any meeting of
Noteholders shall be the Persons entitled to vote at such meeting and their counsel and any
representatives (including employees) of the Trustee and its counsel and any representatives
(including employees) of the Company and its counsel.



     Section 11.05 Regulations.



          (a) Notwithstanding any other provisions of this Indenture, the Trustee may make such
reasonable regulations as it may deem advisable for any meeting of Noteholders in regard to proof
of the holding of Notes and of the appointment of proxies,
and in regard to the appointment and duties of inspectors of votes, the submission and examination
of proxies,



48









 







certificates and other evidence of the right to vote, and such other matters concerning the conduct
of the meeting as it shall see fit.



          (b) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by the Noteholders as provided
in Section 11.03 hereof, in which case the Company or Noteholders calling the meeting, as the case
may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by the Holders of a majority in aggregate principal
amount of the Notes present in person or by proxy at the meeting.



          (c) Subject to Section 10.04 hereof, at any meeting each Noteholder or proxy shall be entitled
to one vote for each $1,000 principal amount of Notes held or represented by such Noteholder;
provided that no vote shall be cast or counted at any meeting in respect of any Note determined to
be not outstanding. The chairman of the meeting shall have no right to vote other than by virtue
of Notes held by such chairman or instruments in writing as aforesaid duly designating such
chairman as the person to vote on behalf of other Noteholders. At any meeting of Noteholders duly
called pursuant to Section 11.02 or 11.03 hereof, the presence of persons holding or representing
Notes in an aggregate principal amount sufficient to take action on any business for the
transaction for which such meeting was called shall constitute a quorum. Any meeting of
Noteholders duly called pursuant to Section 11.02 or 11.03 hereof may be adjourned from time to
time by the Holders of a majority in aggregate principal amount of the Notes present in person or
by proxy at the meeting, whether or not constituting a quorum, and the meeting may be held as so
adjourned without further notice.



     Section 11.06 Voting. The vote upon any resolution submitted to any meeting of Noteholders shall
be by written ballots on which shall be subscribed the signatures of the Holders of Notes or of
their representatives by proxy and the principal amount of Notes held or represented by them. The
permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes
cast at the meeting for or against any resolution and who shall make and file with the secretary of
the meeting their verified written reports in duplicate of all votes cast at the meeting. A record
in duplicate of the proceedings of such meeting of Noteholders shall be prepared by the secretary
of the meeting and there shall be attached to said record the original reports of the inspectors of
votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of
the facts setting forth a copy of the notice of the meeting and showing that said notice was given
as provided in Section 11.02 hereof. The record shall show the aggregate principal amount of the
Notes voting in favor of or against any resolution. The record shall be signed and verified by the
affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall
be delivered to the Company and the other to the Trustee to be preserved by the Trustee and the
Trustee shall have the ballots taken at the meeting attached to such duplicate. Any record so
signed and verified shall be conclusive evidence of the matters therein stated.



     Section 11.07 Rights Of Trustee Or Noteholders Not Delayed.
Nothing in this Article XI shall be deemed or construed to authorize or permit, by reason of any
call of a meeting of Noteholders or any rights expressly or impliedly conferred hereunder to make
such call, any



49









 







hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee
or to the Holders of Notes under any of the provisions of this Indenture or of the Notes.



ARTICLE XII




CONSOLIDATION, MERGER, SALE, TRANSFER OR CONVEYANCE




     Section 12.01 Company May Consolidate, Etc. Only On Certain Terms. The Company shall not
consolidate with or merge into any other corporation or sell or otherwise dispose of its properties
as or substantially as an entirety to any Person unless the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger,
conveyance or transfer and the supplemental indenture referred to in clause (b) below comply with
this Article XII and that all conditions precedent thereto herein provided for have been complied
with, and the corporation formed by such consolidation or into which the Company is merged or the
Person which receives such properties pursuant to such sale, transfer or other disposition (a)
shall be a Person organized and existing under the laws of the United States of America, any State
thereof or the District of Columbia; and (b) shall expressly assume, by an indenture supplemental
hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the
due and punctual payment of the principal of and premium and interest, if any, on all of the Notes
Outstanding and the performance of every covenant of this Indenture on the part of the Company to
be performed or observed. Furthermore, immediately after giving effect to the transaction, no
Event of Default or event that, after notice or lapse of time, or both, would become an Event of
Default, shall have occurred and be continuing.



     Section 12.02 Successor Corporation Substituted. Upon any consolidation or merger, or any sale,
transfer or other disposition of the properties of the Company substantially as an entirety in
accordance with Section 12.01 hereof, the successor corporation formed by such consolidation or
into which the Company is merged or the Person to which such sale, transfer or other disposition is
made shall succeed to, and be substituted for and may exercise every right and power of, the
Company under this Indenture with the same effect as if such successor corporation or Person had
been named as the Company herein and the Company shall be released from all obligations hereunder.



ARTICLE XIII




SUPPLEMENTAL INDENTURES




     Section 13.01 Supplemental Indentures Without Consent Of Noteholders.



          (a) The Company, when authorized by Board Resolution, and the Trustee may from time to time
and at any time enter into an indenture or indentures supplemental hereto for one or more of the
following purposes:




     (1) to make such provision in regard to matters or questions arising under this
Indenture as may be necessary or desirable, and not inconsistent with this Indenture
or prejudicial to the interests of the Holders in any material respect,



50








 







for the purpose of supplying any omission, curing any ambiguity, or curing,
correcting or supplementing any defective or inconsistent provision;




     (2) to change or eliminate any of the provisions of this Indenture, provided
that any such change or elimination shall become effective only when there is no
Note Outstanding created prior to the execution of such supplemental indenture which
is entitled to the benefit of such provision or such change or elimination is
applicable only to Notes issued after the effective date of such change or
elimination;




     (3) to establish the form of Notes of any series as permitted by Section 2.01
hereof or to establish or reflect any terms of any Note of any series determined
pursuant to Section 2.05 hereof;




     (4) to evidence the succession of another corporation to the Company as
permitted hereunder, and the assumption by any such successor of the covenants of
the Company herein and in the Notes;




     (5) to grant to or confer upon the Trustee for the benefit of the Holders any
additional rights, remedies, powers or authority;




     (6) to permit the Trustee to comply with any duties imposed upon it by law;




     (7) to specify further the duties and responsibilities of, and to define
further the relationships among, the Trustee, any Authenticating Agent, and any
paying agent and any other agent, and to evidence and provide for the acceptance of
appointment hereunder by a successor Trustee with respect to the Notes of one or
more series and to add to or change any provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by
more than one Trustee pursuant to the requirements of Section 9.12 (a);




     (8) to add to the covenants of the Company for the benefit of the Holders of
one or more series of Notes, to add to the security for all of the Notes, to
surrender a right or power conferred on the Company herein or to add any Event of
Default with respect to one or more series of Notes; and




     (9) to make any other change that is not prejudicial to the Holders.



          (b) The Trustee is hereby authorized to join with the Company in the execution of any such
supplemental indenture, to make any further appropriate agreements and stipulations which may be
therein contained and to accept the conveyance, transfer and assignment of any property thereunder,
but the Trustee shall not be obligated to enter into any such supplemental indenture which affects
the Trustee’s own rights, duties or immunities under this Indenture or otherwise.



51









 





          (c) Any supplemental indenture authorized by this Section 13.01 may be executed by the Company
and the Trustee without the consent of the Holders of any of the Notes at the time Outstanding,
notwithstanding any of the provisions of Section 13.02 hereof.



     Section 13.02 Supplemental Indentures With Consent Of Noteholders.



          (a) With the consent (evidenced as provided in Section 10.01 hereof) of the Holders of (i) a
majority in aggregate principal amount of the Notes of all series that are subject to the
subordination provisions contained in Section 15.01 of this Indenture at the time Outstanding,
considered as one class and (ii) a majority in aggregate principal amount of the Notes of all
series that are not subject to the subordination provisions contained in Section 15.01 of this
Indenture at the time Outstanding, considered as one class, the Company, when authorized by Board
Resolution, and the Trustee may from time to time and at any time enter into an indenture or
indentures supplemental hereto for the purpose of adding any provisions to, or changing in any
manner or eliminating any of the provisions of, this Indenture or of any supplemental indenture or
of modifying or waiving in any manner the rights of the Noteholders; provided, however, that if
there shall be Notes of more than one series Outstanding hereunder and if a proposed supplemental
indenture shall directly affect the rights of the Holders of Notes of one or more, but less than
all, of such series, then the consent only of the Holders of (i) a majority in aggregate principal
amount of the Outstanding Notes of all series so directly affected that are subject to the
subordination provisions contained in Section 15.01 of this Indenture, considered as one class and
(ii) a majority in aggregate principal amount of the Outstanding Notes of all series so directly
affected that are not subject to the subordination provisions contained in Section 15.01 of this
Indenture, considered as one class, shall be required; provided further that no such supplemental
indenture shall:




     (1) change the Stated Maturity of any Note, or reduce the rate (or change the
method of calculation thereof) or extend the time of payment of interest thereon, or
reduce the principal amount thereof or any premium thereon, or change the coin or
currency in which the principal of any Note or any premium or interest thereon is
payable, or change the date on which any Note may be redeemed or adversely affect
the rights of the Noteholders to institute suit for the enforcement of any payment
of principal of or any premium or interest on any Note, in each case without the
consent of the Holder of each Note so affected; or




     (2) modify this Section 13.02(a) or reduce the aforesaid percentage of Notes,
the Holders of which are required to consent to any such supplemental indenture or
to reduce the percentage of Notes, the Holders of which are required to waive Events
of Default, in each case, without the consent of the Holders of all of the Notes
affected thereby then Outstanding; provided, however, that this
clause shall not be deemed to require the consent of any Holder with respect to
changes in the references to “the Trustee” and concomitant changes in this Section,
or the deletion of this proviso, in accordance with the requirements of Sections
9.12 and 13.01(a)(7).



          (b) Upon the request of the Company, accompanied by a copy of the Board Resolution authorizing
the execution of any such supplemental indenture, and upon the filing



52









 







with the Trustee of evidence of the consent of Noteholders as aforesaid, the Trustee shall join
with the Company in the execution of such supplemental indenture unless such supplemental indenture
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which
case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental
indenture.



          (c) A supplemental indenture which changes, waives or eliminates any covenant or other
provision of this Indenture (or any supplemental indenture) which has expressly been included
solely for the benefit of one or more series of Notes, or which modifies the rights of the Holders
of Notes of such series with respect to such covenant or provision, shall be deemed not to affect
the rights under this Indenture of the Holders of Notes of any other series.



          (d) It shall not be necessary for the consent of the Holders of Notes under this Section 13.02
to approve the particular form of any proposed supplemental indenture, but it shall be sufficient
if such consent shall approve the substance thereof.



          (e) Promptly after the execution by the Company and the Trustee of any supplemental indenture
pursuant to this Section 13.02, the Trustee shall give notice in the manner provided in Section
16.11 hereof, setting forth in general terms the substance of such supplemental indenture, to all
Noteholders. Any failure of the Trustee to give such notice or any defect therein shall not,
however, in any way impair or affect the validity of any such supplemental indenture.



     Section 13.03 Compliance With Trust Indenture Act; Effect Of Supplemental Indentures. Any
supplemental indenture executed pursuant to this Article XIII shall comply with the TIA. Upon the
execution of any supplemental indenture pursuant to this Article XIII, this Indenture shall be and
be deemed to be modified and amended in accordance therewith and the respective rights, limitations
of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and
the Noteholders shall thereafter be determined, exercised and enforced hereunder subject in all
respects to such modifications and amendments, and all the terms and conditions of any such
supplemental indenture shall be and be deemed to be part of the terms and conditions of this
Indenture for any and all purposes.



     Section 13.04 Notation On Notes. Notes of any series authenticated and delivered after the
execution of any supplemental indenture pursuant to this Article XIII may bear a notation in form
approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company shall so determine, new Notes of any series so modified as approved by the Trustee and the
Board of Directors with respect to any modification of this Indenture contained in any such
supplemental indenture may be prepared and executed by the Company, authenticated by the Trustee
and delivered in exchange for the Notes of such series then outstanding.



     Section 13.05 Evidence Of Compliance Of Supplemental Indenture To Be Furnished Trustee.
The Trustee, subject to Sections 9.01 and 9.02 hereof, shall be provided with and may rely on an
Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any supplemental
indenture executed pursuant hereto complies with the requirements of this Article XIII.



53









 





ARTICLE XIV




IMMUNITY OF INCORPORATORS, 

STOCKHOLDERS, OFFICERS AND DIRECTORS




     Section 14.01 Indenture And Notes Solely Corporate Obligations. No recourse for the payment of the
principal of or any premium or interest on any Note, or for any claim based thereon or otherwise in
respect thereof, and no recourse under or upon any obligation, covenant or agreement of the
Company, contained in this Indenture, or in any supplemental indenture, or in any Note, or because
of the creation of any indebtedness represented thereby, shall be had against any incorporator,
stockholder, officer or director, as such, past, present or future, of the Company or of any
successor corporation, either directly or through the Company or any successor corporation, whether
by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or
penalty or otherwise; it being expressly understood that all such liability is hereby expressly
waived and released as a condition of, and as a consideration for, the execution of this Indenture
and the issuance of the Notes.



ARTICLE XV




SUBORDINATION OF NOTES




     Section 15.01 Notes Subordinate to Senior Indebtedness. The Company, for itself, its successors
and assigns, covenants and agrees, and each Holder of the Notes of each series, by its acceptance
thereof, likewise covenants and agrees, that the payment of the principal of and premium, if any,
and interest, if any, on each and all of the Notes is hereby expressly subordinated and junior, to
the extent and in the manner set forth in this Article, in right of payment to the prior payment in
full of all Senior Indebtedness; provided, however, that if any provision of any such form of Note
shall conflict with any provision of this Article XV, the provision of such form of Note shall
govern.



          Each Holder of the Notes of each series, by its acceptance thereof, authorizes and directs the
Trustee on its behalf to take such action as may be necessary or appropriate to effectuate the
subordination as provided in this Article, and appoints the Trustee its attorney-in-fact for any
and all such purposes.



     Section 15.02 Payment Over of Proceeds of Notes. In the event (a) of any insolvency or bankruptcy
proceedings or any receivership, liquidation, reorganization or other similar proceedings in
respect of the Company or a substantial part of its property, or of any proceedings for
liquidation, dissolution or other winding up of the Company, whether or not involving insolvency or
bankruptcy, or (b) subject to the provisions of Section 15.03, that (i) a default shall have
occurred with respect to the payment of principal of or interest on or other monetary amounts due
and payable on any Senior Indebtedness, and such default shall have continued beyond the period of
grace, if any, in respect thereof or (ii) there shall have
occurred a default (other than a default in the payment of principal or interest on other monetary
amounts due and payable) in respect of any Senior Indebtedness, as defined therein or in the
instrument under which the same is outstanding, permitting the holder or holders thereof to
accelerate the maturity thereof (with notice or lapse of time, or both) and such default shall have
continued beyond the



54








 







period of grace, if any, in respect thereof and, in the cases of subclauses (i) and (ii) of this
clause (b), such default shall not have been cured or waived or shall not have ceased to exist,
then:



          (1) the holders of all Senior Indebtedness shall first be entitled to receive payment of the
full amount due thereon, or provision shall be made for such payment in money or money’s worth,
before the Holders of any of the Notes are entitled to receive a payment on account of the
principal of, premium, if any, or interest on the indebtedness evidenced by the Notes, including,
without limitation, any payments made pursuant to Articles III and IV;



          (2) any payment by, or distribution of assets of, the Company of any kind or character,
whether in cash, property or securities, to which any Holder or the Trustee would be entitled
except for the provisions of this Article, shall be paid or delivered by the Person making such
payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or
otherwise, directly to the holders of such Senior Indebtedness or their representative or
representatives or to the trustee or trustees under any indenture under which any instruments
evidencing any of such Senior Indebtedness may have been issued, ratably according to the aggregate
amounts remaining unpaid on account of such Senior Indebtedness held or represented by each, to the
extent necessary to make payment in full of all Senior Indebtedness remaining unpaid after giving
effect to any concurrent payment or distribution (or provision therefor) to the holders of such
Senior Indebtedness, before any payment or distribution is made to the Holders of the indebtedness
evidenced by the Notes or to the Trustee under this Indenture; and



          (3) in the event that, notwithstanding the foregoing, any payment by, or distribution of
assets of, the Company of any kind or character, whether in cash, property or securities, in
respect of principal of, premium, if any, or interest on the Notes or in connection with any
repurchase by the Company of the Notes, shall be received by the Trustee or any Holder before all
Senior Indebtedness is paid in full, or provision is made for such payment in money or money’s
worth, such payment or distribution in respect of principal of, premium, if any, or interest on the
Notes or in connection with any repurchase by the Company of the Notes shall be paid over to the
holders of such Senior Indebtedness or their representative or representatives or to the trustee or
trustees under any indenture under which any instruments evidencing any such Senior Indebtedness
may have been issued, ratably as aforesaid, for application to the payment of all Senior
Indebtedness remaining unpaid until all such Senior Indebtedness shall have been paid in full,
after giving effect to any concurrent payment or distribution (or provision therefor) to the
holders of such Senior Indebtedness.



          For purposes of this Article only, the words “cash, property or securities” shall not be
deemed to include shares of stock of the Company as reorganized or readjusted, or securities of the
Company or any other corporation provided for by a plan or reorganization or readjustment which are
subordinate in right of payment to all Senior Indebtedness which may at the time be outstanding to
the same extent as, or to a greater extent than, the Notes are so subordinated as provided in this
Article. The consolidation of the Company with, or the merger of the Company into, another
corporation or the liquidation or dissolution of the Company following the conveyance or transfer
of its property as an entirety, or substantially as an entirety, to another corporation upon the
terms and conditions provided for in Article XII hereof shall not



55









 







be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this Section
15.02 if such other corporation shall, as a part of such consolidation, merger, conveyance or
transfer, comply with the conditions stated in Article XII hereof.



          Nothing in Section 15.01 or in this Section 15.02 shall apply to claims of, or payments to,
the Trustee under or pursuant to Section 9.06.



     Section 15.03 Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to
make any payment on or perform any other obligation in respect of Senior Indebtedness, other than
any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the
Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other
obligation as to which the provisions of this Section shall have been waived by the Company in the
instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created
such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 15.02 if
(i) the Company shall be disputing its obligation to make such payment or perform such obligation
and (ii) either (A) no final judgment relating to such dispute shall have been issued against the
Company which is in full force and effect and is not subject to further review, including a
judgment that has become final by reason of the expiration of the time within which a party may
seek further appeal or review, or (B) in the event that a judgment that is subject to further
review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other
proceeding for review and a stay or execution shall have been obtained pending such appeal or
review.



     Section 15.04 Subrogation. Senior Indebtedness shall not be deemed to have been paid in full
unless the holders thereof shall have received cash (or securities or other property satisfactory
to such holders) in full payment of such Senior Indebtedness then outstanding. Upon the payment in
full of all Senior Indebtedness, the Holders of the Notes shall be subrogated to the rights of the
holders of Senior Indebtedness to receive any further payments or distributions of cash, property
or securities of the Company applicable to the holders of the Senior Indebtedness until all amounts
owing on the Notes shall be paid in full; and such payments or distributions of cash, property or
securities received by the Holders of the Notes, by reason of such subrogation, which otherwise
would be paid or distributed to the holders of such Senior Indebtedness shall, as between the
Company, its creditors other than the holders of Senior Indebtedness, and the Holders, be deemed to
be a payment by the Company to or on account of Senior Indebtedness, it being understood that the
provisions of this Article are and are intended solely for the purpose of defining the relative
rights of the Holders, on the one hand, and the holders of the Senior Indebtedness, on the other
hand.



     Section 15.05 Obligation of Company Unconditional. Nothing contained in this Article or elsewhere
in this Indenture or in the Notes is intended to or shall impair, as among the Company, its
creditors other than the holders of Senior Indebtedness and the Holders, the obligation of the
Company, which is absolute and unconditional, to pay to the Holders the principal of and interest
on the Notes as and when the same shall become due
and payable in accordance with their terms, or is intended to or shall affect the relative rights
of the Holders and creditors of the Company other than the holders of Senior Indebtedness, nor
shall anything herein or therein prevent the Trustee or any Holder from exercising all remedies
otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if
any, under



56









 







this Article of the holders of Senior Indebtedness in respect of cash, property or securities of
the Company received upon the exercise of any such remedy.



          Upon any payment or distribution of assets or securities of the Company referred to in this
Article, the Trustee and the Holders shall be entitled to rely upon any order or decree of a court
of competent jurisdiction in which such dissolution, winding up, liquidation or reorganization
proceedings are pending for the purpose of ascertaining the persons entitled to participate in such
distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the
amount thereof or payable thereon, the amount or amounts paid or distributed thereon, and all other
facts pertinent thereto or to this Article.



          The Trustee shall be entitled to rely on the delivery to it of a written notice by a Person
representing himself to be a holder of Senior Indebtedness (or an agent or representative of such
holder or a trustee under any indenture under which any instruments evidencing any such Senior
Indebtedness may have been issued) to establish that such notice has been given by a holder of such
Senior Indebtedness or such agent or representative or trustee on behalf of such holder. In the
event that the Trustee determines in good faith that further evidence is required with respect to
the right of any Person as a holder of Senior Indebtedness to participate in any payment or
distribution pursuant to this Article XV, the Trustee may request such Person to furnish evidence
to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such
Person, the extent to which such Person is entitled to participate in such payment or distribution
and any other facts pertinent to the right of such Person under this Article XV, and, if such
evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such payment or distribution.



     Section 15.06 Priority of Senior Indebtedness upon Maturity. Upon the maturity of the principal of
any Senior Indebtedness by lapse of time, acceleration or otherwise, all matured principal of
Senior Indebtedness and interest and premium, if any, thereon shall first be paid in full before
any payment of principal or premium or interest, if any, is made upon the Notes or before any Notes
can be acquired by the Company or any sinking fund payment is made with respect to the Notes
(except that required sinking fund payments may be reduced by Notes acquired before such maturity
of such Senior Indebtedness).



     Section 15.07 Trustee as Holder of Senior Indebtedness. The Trustee shall be entitled to all
rights set forth in this Article with respect to any Senior Indebtedness at any time held by it, to
the same extent as any other holder of Senior Indebtedness. Nothing in this Article shall deprive
the Trustee of any of its rights as such holder.



     Section 15.08 Notice to Trustee to Effectuate Subordination. Notwithstanding the provisions of
this Article or any other provision of the Indenture, the Trustee shall not be charged with
knowledge of the existence of any facts which would prohibit the making of any payment of moneys to
or by the Trustee unless and until the Trustee shall have received written notice thereof from the
Company, from a Holder or from a holder of any Senior Indebtedness or from any representative or
representatives of such holder or trustee therefor and,
prior to the receipt of any such written notice, the Trustee shall be entitled, subject to Section
9.01, in all respects to assume that no such facts exist; provided, however, that, if prior to the
fifth Business Day preceding the date upon which by the terms hereof any such moneys may become
payable for any purpose, or in the event of the execution of an instrument pursuant to Sections
5.01, 5.03 or 5.04 acknowledging satisfaction and discharge of this Indenture or acknowledging
defeasance of Notes, then if prior to the second Business Day



57









 







preceding the date of such execution, the Trustee shall not have received with respect to such
moneys the notice provided for in this Section, then, anything herein contained to the contrary
notwithstanding, the Trustee may, in its discretion, receive such moneys and/or apply the same to
the purpose for which they were received or execute such satisfaction and discharge or
acknowledgement, and shall not be affected by any notice to the contrary, which may be received by
it on or after such date; provided, however, that no such application shall affect the obligations
under this Article of the persons receiving such moneys from the Trustee.



     Section 15.09 Modification, Extension, Etc., of Senior Indebtedness. The holders of Senior
Indebtedness may, without affecting in any manner the subordination of the payment of the principal
of and premium, if any, and interest, if any, on the Notes, at any time or from time to time and in
their absolute discretion, agree with the Company to change the manner, place or terms of payment,
change or extend the time of payment of, or renew or alter, any Senior Indebtedness, or amend or
supplement any instrument pursuant to which any Senior Indebtedness is issued, or exercise or
refrain from exercising any other of their rights under the Senior Indebtedness including, without
limitation, the waiver of default thereunder, all without notice to or assent from the Holders or
the Trustee.



     Section 15.10 Trustee Has No Fiduciary Duty to Holders of Senior Indebtedness. With respect to the
holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its
covenants and objectives as are specifically set forth in this Indenture, and no implied covenants
or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture
against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of
Senior Indebtedness, and shall not be liable to any such holders if it shall mistakenly pay over or
deliver to the Holders or the Company or any other Person, money or assets to which any holders of
Senior Indebtedness shall be entitled by virtue of this Article or otherwise.



     Section 15.11 Paying Agents Other Than Trustee. In case at any time any Paying Agent other than
the Trustee shall have been appointed by the Company and be then acting hereunder, the term
“Trustee” as used in this Article shall in such case (unless the context shall otherwise require)
be construed as extending to and including such Paying Agent within its meaning as fully for all
intents and purposes as if such Paying Agent were named in this Article in addition to or in place
of the Trustee; provided, however, that Sections 15.07, 15.08 and 15.10 shall not apply to the
Company if it acts as Paying Agent.



     Section 15.12 Rights of Holders of Senior Indebtedness Not Impaired. No right of any present or
future holder of Senior Indebtedness to enforce the subordination herein shall at any time or in
any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any
noncompliance by the Company with the terms, provisions and covenants of this Indenture, regardless
of any knowledge thereof any such holder may have or be otherwise charged with.



58









 





     Section 15.13 Effect of Subordination Provisions; Termination. Notwithstanding anything contained
herein to the contrary, other than as provided in the immediately succeeding sentence, all the
provisions of this Indenture shall be subject to the provisions of this Article, so far as the same
may be applicable thereto.



          Notwithstanding anything contained herein to the contrary, the provisions of this Article XV
shall be of no further effect, and the Notes shall no longer be subordinated in right of payment to
the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a
notice to such effect. Any such notice delivered by the Company shall not be deemed to be a
supplemental indenture for purposes of Article XIII hereof.



ARTICLE XVI




MISCELLANEOUS PROVISIONS




     Section 16.01 Provisions Binding On Company’s Successors. All the covenants, stipulations,
promises and agreements made by the Company in this Indenture shall bind its successors and assigns
whether so expressed or not.



     Section 16.02 Official Acts By Successor Corporation. Any act or proceeding by any provision of
this Indenture authorized or required to be done or performed by any board, committee or officer of
the Company shall and may be done and performed with like force and effect by the like board,
committee or officer of any corporation that shall at the time be the lawful successor of the
Company.



     Section 16.03 Notices. Any notice, instruction, request or demand which by any provision of this
Indenture is required or permitted to be given or served by the Trustee or by the Noteholders on
the Company may be given or served by being deposited postage prepaid in a post office letter box
addressed (until another address is filed by the Company with the Trustee) at the Principal
Executive Offices of the Company, to the attention of the Secretary. Any notice, direction,
request or demand by any Noteholder or the Company to or upon the Trustee shall be deemed to have
been sufficiently given or made, for all purposes, if given or made in writing at the Corporate
Trust Office of the Trustee, Attention: Corporate Trust Administration.



     Section 16.04 Governing Law. This Indenture and each Note shall be governed by and deemed to be a
contract under, and construed in accordance with, the laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of said State without regard to conflicts
of law principles thereof.



     Section 16.05 Waiver of Trial By Jury.



     Each of the Company and the Trustee irrevocably waives, to the fullest extent permitted by
applicable law, any and all right to trial by jury in any legal proceeding arising out of or
relating to this Indenture or the transactions contemplated hereby.



     Section 16.06 Evidence Of Compliance With Conditions Precedent.



59









 





          (a) Upon any application or demand by the Company to the Trustee to take any action under this
Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all
conditions precedent, if any, provided for in this Indenture (including any covenants compliance
with which constitutes a condition precedent) relating to the proposed action have been complied
with and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions
precedent have been complied with.



          (b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee
with respect to compliance with a condition or covenant provided for in this Indenture (other than
the certificates delivered pursuant to Section 6.06 hereof) shall include (1) a statement that each
Person making such certificate or opinion has read such covenant or condition and the definitions
relating thereto; (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or opinion are
based; (3) a statement that, in the opinion of each such Person, such Person has made such
examination or investigation as is necessary to enable such Person to express an informed opinion
as to whether or not such covenant or condition has been complied with; and (4) a statement as to
whether or not, in the opinion of each such Person, such condition or covenant has been complied
with.



          (c) In any case where several matters are required to be certified by, or covered by an
opinion of, any specified Person, it is not necessary that all such matters be certified by, or
covered by the opinion of, only one such Person, or that they be so certified or covered by only
one document, but one such Person may certify or give an opinion with respect to some matters and
one or more other such Persons as to other matters, and any such Person may certify or give an
opinion as to such matters in one or several documents.



          (d) Any certificate or opinion of an officer of the Company may be based, insofar as it
relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless
such officer knows, or in the exercise of reasonable care should know, that the certificate or
opinion or representations with respect to the matters upon which such certificate or opinion is
based are erroneous. Any such certificate or opinion of counsel delivered under the Indenture may
be based, insofar as it relates to factual matters, upon a certificate or opinion of, or
representations by, an officer or officers of the Company stating that the information with respect
to such factual matters is in the possession of the Company, unless such person knows, or in the
exercise of reasonable care should know, that the certificate or opinion of representations with
respect to such matters are erroneous. Any opinion of counsel delivered hereunder may contain
standard exceptions and qualifications reasonably satisfactory to the Trustee.



          (e) Any certificate, statement or opinion of any officer of the Company, or of counsel, may be
based, insofar as it relates to accounting matters, upon a certificate or opinion of or
representations by an independent public accountant or firm of accountants, unless such officer or
counsel, as the case may be, knows that the certificate or opinions or representations with respect
to the accounting matters upon which the certificate, statement or opinion of such officer or
counsel may be based as aforesaid are erroneous, or in the exercise of reasonable care
should know that the same are erroneous. Any certificate or opinion of any firm of
independent public accountants filed with the Trustee shall contain a statement that such firm is
independent.



60









 





          (f) Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may,
but need not, be consolidated and form one instrument.



     Section 16.07 Business Days. Unless otherwise provided pursuant to Section 2.05(c) hereof, in any
case where the date of Maturity of the principal of or any premium or interest on any Note or the
date fixed for redemption of any Note is not a Business Day, then payment of such principal or any
premium or interest need not be made on such date but may be made on the next succeeding Business
Day with the same force and effect as if made on the date of Maturity or the date fixed for
redemption, and, in the case of timely payment thereof, no interest shall accrue for the period
from and after such Interest Payment Date or the date on which the principal or premium of the Note
is required to be paid.



     Section 16.08 Trust Indenture Act To Control. If and to the extent that any provision of this
Indenture limits, qualifies or conflicts with the duties imposed by the TIA, such required
provision of the TIA shall govern.



     Section 16.09 Table Of Contents, Headings, Etc. The table of contents and the titles and headings
of the articles and sections of this Indenture have been inserted for convenience of reference
only, are not to be considered a part hereof, and shall in no way modify or restrict any of the
terms or provisions hereof.



     Section 16.10 Execution In Counterparts. This Indenture may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall together constitute
but one and the same instrument.



     Section 16.11 Manner Of Mailing Notice To Noteholders.



          (a) Any notice or demand which by any provision of this Indenture is required or permitted to
be given or served by the Trustee or the Company to or on the Holders of Notes, as the case may be,
shall be given or served by first-class mail, postage prepaid, addressed to the Holders of such
Notes at their last addresses as the same appear on the register for the Notes referred to in
Section 2.06, and any such notice shall be deemed to be given or served by being deposited in a
post office letter box. In case by reason of the suspension of regular mail service or by reason
of any other cause it shall be impracticable to give notice to any Holder by mail, then such
notification to such Holder as shall be made with the approval of the Trustee shall constitute a
sufficient notification for every purpose hereunder.



          (b) The Company shall also provide any notices required under this Indenture by publication,
but only to the extent that such publication is required by the TIA, the rules and
regulations of the Commission or any securities exchange upon which any series of Notes is
listed.



61









 





          IN WITNESS WHEREOF, GREAT PLAINS ENERGY INCORPORATED has caused this Indenture to be signed
and acknowledged by its Vice President — Investor Relations and Treasurer, and attested by its
Assistant Secretary, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. has caused this Indenture
to be signed by its authorized signatory, as of the day and year first written above.



	 	 	 	 	 
	 	GREAT PLAINS ENERGY INCORPORATED

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



ATTEST:




                                        

Name:

Title:




	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

AS TRUSTEE

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



[Subordinated Indenture]




62









 








	 	 	 	 	 	 	 
	STATE OF MISSOURI

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss
	COUNTY OF JACKSON

	 	 	)	 	 	 






          On
the            day of      ,     before
me personally came      , to me known, who, being
by me duly sworn, did depose and say that he is            of GREAT PLAINS ENERGY
INCORPORATED, one of the corporations described in and which executed the above instrument; that he
knows the corporate seal of said corporation; that the seal affixed to the said instrument is such
corporate seal; that it was so affixed by authority of the Board of Directors of said corporation;
and that he signed his name thereto by like authority.


[NOTARIAL SEAL]



 




[Subordinated Indenture]




63