Exhibit 4.3


 


Clearway Energy, Inc.


 


INDENTURE


 


Dated as
of          ,


 


Delaware Trust Company,


 


as Trustee


 


 






     


     


    

 


Table
of Contents


 


	 	 	Page
	ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE	1
	Section 1.1	Definitions	1
	Section 1.2	Other Definitions	7
	Section 1.3	Incorporation by Reference of Trust Indenture Act	7
	Section 1.4	Rules of Construction	7
	 	 	 
	ARTICLE II. THE SECURITIES	8
	 	 	 
	Section 2.1	Issuable in Series	8
	Section 2.2	Establishment of Terms of Series of Securities	8
	Section 2.3	Execution and Authentication	10
	Section 2.4	Registrar and Paying Agent	11
	Section 2.5	Paying Agent to Hold Money in Trust	12
	Section 2.6	Securityholder Lists	12
	Section 2.7	Transfer and Exchange	12
	Section 2.8	Mutilated, Destroyed, Lost and Stolen Securities	13
	Section 2.9	Outstanding Securities	14
	Section 2.10	Treasury Securities	14
	Section 2.11	Temporary Securities	15
	Section 2.12	Cancellation	15
	Section 2.13	Defaulted Interest	15
	Section 2.14	Global Securities	15
	Section 2.15	CUSIP Numbers	17
	 	 	 
	ARTICLE III. REDEMPTION	17
	 	 	 
	Section 3.1	Notice to Trustee	17
	Section 3.2	Selection of Securities to be Redeemed or Repurchased	18
	Section 3.3	Notice of Redemption	18
	Section 3.4	Effect of Notice of Redemption	19
	Section 3.5	Deposit of Redemption Price	19
	Section 3.6	Securities Redeemed in Part	19
	 	 	 
	ARTICLE IV. COVENANTS	19
	 	 	 
	Section 4.1	Payment of Principal and Interest	19
	Section 4.2	Maintenance of Office or Agency	20
	Section 4.3	Reports	20
	Section 4.4	Compliance Certificate	20
	Section 4.5	Taxes	21
	Section 4.6	Stay, Extension and Usury Laws	21
	Section 4.7	Corporate Existence	21



 






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	ARTICLE V. SUCCESSORS	22
	 	 	 
	Section 5.1	Merger, Consolidation, or Sale of Assets	22
	Section 5.2	Successor Corporation Substituted	23
	 	 	 
	ARTICLE VI. DEFAULTS AND REMEDIES	23
	 	 	 
	Section 6.1	Events of Default	23
	Section 6.2	Acceleration	24
	Section 6.3	Other Remedies	25
	Section 6.4	Waiver of Past Defaults	25
	Section 6.5	Control by Majority	25
	Section 6.6	Limitation on Suits	26
	Section 6.7	Rights of Holders of Security to Receive Payment	26
	Section 6.8	Collection Suit by Trustee	26
	Section 6.9	Trustee May File Proofs of Claim	27
	Section 6.10	Priorities	27
	Section 6.11	Undertaking for Costs	27
	 	 	 
	ARTICLE VII. TRUSTEE	28
	 	 	 
	Section 7.1	Duties of Trustee	28
	Section 7.2	Rights of Trustee	29
	Section 7.3	Individual Rights of Trustee	31
	Section 7.4	Trustee’s Disclaimer	31
	Section 7.5	Notice of Defaults	31
	Section 7.6	Reports by Trustee to Holders	31
	Section 7.7	Compensation and Indemnity	32
	Section 7.8	Replacement of Trustee	32
	Section 7.9	Successor Trustee by Merger, etc	33
	Section 7.10	Eligibility; Disqualification	34
	Section 7.11	Preferential Collection of Claims Against Company	34
	 	 	 
	ARTICLE VIII. LEGAL DEFEASANCE AND COVENANT DEFEASANCE	34
	 	 	 
	Section 8.1	Option to Effect Legal Defeasance or Covenant Defeasance	34
	Section 8.2	Legal Defeasance and Discharge	34
	 Section 8.3	Covenant Defeasance	35
	Section 8.4	Conditions to Legal or Covenant Defeasance	35
	Section 8.5	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	36
	Section 8.6	Repayment to Company	37
	Section 8.7	Reinstatement	37
	 	 	 
	ARTICLE IX. AMENDMENTS AND WAIVERS	38
	 	 	 
	Section 9.1	Without Consent of Holders	38
	Section 9.2	With Consent of Holders	39



 






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	Section 9.3	Limitations	39
	Section 9.4	Compliance with Trust Indenture Act	40
	Section 9.5	Revocation and Effect of Consents	40
	Section 9.6	Notation on or Exchange of Securities	40
	Section 9.7	Trustee Protected	40
	 	 	 
	ARTICLE X. SATISFACTION AND DISCHARGE	41
	 	 	 
	Section 10.1	Satisfaction and Discharge	41
	Section 10.2	Application of Trust Money	42
	 	 	 
	ARTICLE XI. MISCELLANEOUS	42
	 	 	 
	Section 11.1	Trust Indenture Act Controls	42
	Section 11.2	Notices	42
	Section 11.3	Communication by Holders with Other Holders	43
	Section 11.4	Certificate and Opinion as to Conditions Precedent	43
	Section 11.5	Statements Required in Certificate or Opinion	43
	Section 11.6	Rules by Trustee and Agents	44
	Section 11.7	Legal Holidays	44
	Section 11.8	No Recourse Against Others	44
	Section 11.9	Counterparts	44
	Section 11.10	Governing Laws	45
	Section 11.11	No Adverse Interpretation of Other Agreements	45
	Section 11.12	Successors	45
	Section 11.13	Severability	45
	Section 11.14	Table of Contents, Headings, Etc	45
	 	 	 
	ARTICLE XII. SINKING FUNDS	45
	 	 	 
	Section 12.1	Applicability of Article	45
	Section 12.2	Satisfaction of Sinking Fund Payments with Securities	46
	Section 12.3	Redemption of Securities for Sinking Fund	46
	Section 12.4	Compliance with Applicable Anti-Terrorism and Anti-Money Laundering Regulations	47



 






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CLEARWAY
ENERGY, INC.


 


Reconciliation and tie between Trust Indenture
Act of 1939 and

Indenture, dated as of ,


 


	§310(a)(1)	7.10
	(a)(2)	7.10
	(a)(3)	Not Applicable
	(a)(4)	Not Applicable
	(a)(5)	7.10
	(b)	7.10
	§ 311(a)	7.11
	(b)	7.11
	§ 312(a)	2.6
	(b)	Not Applicable
	(c)	Not Applicable
	§313(a)	7.6
	(b)(1)	7.6
	(b)(2)	7.6
	(c)(1)	7.6
	(d)	7.6
	§ 314(a)	4.3, 11.5
	(b)	Not Applicable
	(c)(1)	11.4
	(c)(2)	11.4
	(c)(3)	Not Applicable
	(d)	Not Applicable
	(e)	11.5
	(f)	Not Applicable
	§ 315(a)	7.1
	(b)	7.5
	(c)	7.1
	(d)	7.1
	(e)	6.11
	§316(a)	2.10
	(a)(1)(A)	6.5
	(a)(1)(B)	6.4
	(b)	9.3
	§317(a)(1)	6.8
	(a)(2)	6.9
	(b)	2.5
	§ 318(a)	11.1


 


Note: This reconciliation and tie shall
not, for any purpose, be deemed to be part of the Indenture.


 









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Indenture,
dated as of               ,
, between Clearway Energy, Inc., a Delaware corporation (“Company”), and Delaware Trust Company, as trustee (“Trustee”).


 


Each party agrees as
follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued under
this Indenture.


 


ARTICLE I.

DEFINITIONS AND INCORPORATION BY REFERENCE


 


		Section 1.1	Definitions.



 


“Additional Amounts”
means any additional amounts which are required hereby or by any Security, under circumstances specified herein or therein, to
be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders.


 


“Affiliate”
of any specified person means any other person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified person. For purposes of this definition, “control”, as used with respect to any
person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies
of such person, whether through the ownership of voting securities, by agreement or otherwise; provided that beneficial ownership
of 10% or more of the Voting Stock of a Person will be deemed to be control. For purposes of this definition, the terms “controlling,”
“controlled by” and “under common control with” have correlative meanings.


 


“Agent” means
any Registrar, Paying Agent or Service Agent.


 


“Attributable Debt”
in respect of a sale and leaseback transaction means, at the time of determination, the present value of the obligation of the
lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction including
any period for which such lease has been extended or may, at the option of the lessor, be extended. Such present value shall be
calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP;
provided, however, that if such sale and leaseback transaction results in a Capital Lease Obligation, the amount of Indebtedness
represented thereby will be determined in accordance with the definition of “Capital Lease Obligation.”


 


“Board of Directors”
means:


 


(1)           with
respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on behalf
of such board;


 


(2)           with
respect to a partnership, the Board of Directors of the general partner of the partnership;


 


(3)           with
respect to a limited liability company, the managing member or members or any controlling committee of managing members thereof;
and


 


(4)           with
respect to any other person, the board or committee of such person serving a similar function.


 






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“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted by the Board
of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate
and delivered to the Trustee.


 


“Business Day”
means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized
or required by law, regulation or executive order to close and any other day expressly provided for as a “Business Day”
in a Board Resolution, Officers’ Certificate or supplemental indenture hereto for a particular Series.


 


“Capital Lease
Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a capital lease
that would at that time be required to be capitalized on a balance sheet in accordance with GAAP, and the Stated Maturity thereof
shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such
lease may be prepaid by the lessee without payment of a penalty.


 


“Capital Stock”
means:


 


(1)            in
the case of a corporation, corporate stock;


 


(2)            in
the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock;


 


(3)            in
the case of a partnership or limited liability company, partnership interests (whether general or limited) or membership interests;
and


 


(4)           any
other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions
of assets of, the issuing person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether
or not such debt securities include any right of participation with Capital Stock.


 


“Company”
means the party named as such above until a successor replaces it and thereafter means the successor.


 


“Company Order”
means a written order signed in the name of the Company by two Officers, one of whom must be the Company’s principal executive
officer, principal financial officer or principal accounting officer.


 


“Corporate Trust
Office” means the office of the Trustee at which at any particular time its corporate trust business shall be principally
administered.


 


“Default”
means any event that is, or with the passage of time or the giving of notice or both


 






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“Depositary”
means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or more Global
Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency
registered under the Exchange Act; and if at any time there is more than one such person, “Depositary” as used with
respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series.


 


“Discount Security”
means any Security that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration
of acceleration of the maturity thereof pursuant to Section 6.2.


 


“Dollars”
and “$” means the currency of The United States of America.


 


“ECU” means
the European Currency Unit as determined by the Commission of the European Union.


 


“EDGAR” means
the SEC’s Electronic Data Gathering, Analysis and Retrieval system or any successor thereto.


 


“Equity Interests”
means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is
convertible into, or exchangeable for, Capital Stock).


 


“Exchange Act”
means the Securities Exchange Act of 1934, as amended.


 


“Foreign Currency”
means any currency or currency unit issued by a government other than the government of The United States of America.


 


“GAAP” means
generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the
American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board
or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which
are in effect from time to time.


 


“Global Security”
or “Global Securities” means a Security or Securities, as the case may be, in the form established pursuant to Section 2.2
evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered
in the name of such Depositary or nominee.


 


“Government Securities”
means direct obligations of, or obligations guaranteed by, the United States of America, and the payment for which the United States
pledges its full faith and credit.


 


“Guarantee”
means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct
or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement
agreements in respect thereof, of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or
by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement
conditions or otherwise).


 






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“Hedging Obligations”
means, with respect to any specified person, the obligations of such person under:


 


(1)           currency
exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap agreements and currency
exchange, interest rate or commodity collar agreements, and


 


(2)           (i) agreements
or arrangements designed to protect such Person against fluctuations in currency exchange, interest rates, commodity prices or
commodity transportation or transmission pricing or availability; (ii) any netting arrangements, power purchase and sale
agreements, fuel purchase and sale agreements, swaps, options and other agreements, in each case, that fluctuate in value with
fluctuations in energy, power or gas prices; and (iii) agreements or arrangements for commercial or trading activities with
respect to the purchase, transmission, distribution, sale, lease or hedge of any energy related commodity or service.


 


“Holder”
or “Securityholder” means a person in whose name a Security is registered.


 


“Indebtedness”
means, with respect to any specified person, any indebtedness of such person (excluding accrued expenses and trade payables), whether
or not contingent:


 


(1)           in
respect of borrowed money;


 


(2)           evidenced
by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof);


 


(3)           in
respect of banker’s acceptances;


 


(4)           representing
Capital Lease Obligations or Attributable Debt in respect of sale and leaseback transactions;


 


(5)           representing
the balance deferred and unpaid of the purchase price of any property (including trade payables) or services due more than six
months after such property is acquired or such services are completed; or


 


(6)           representing
the net amount owing under any Hedging Obligations,


 


if and to the extent any of the preceding
items (other than letters of credit, Attributable Debt and Hedging Obligations) would appear as a liability upon a balance sheet
of the specified person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness
of others secured by a Lien on any asset of the specified person (whether or not such Indebtedness is assumed by the specified
person) and, to the extent not otherwise included, the Guarantee by the specified person of any Indebtedness of any other person;
provided, that the amount of such Indebtedness shall be deemed not to exceed the lesser of the amount secured by such Lien and
the value of the person’s property securing such Lien.


 






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“Indenture”
means this Indenture as amended or supplemented from time to time and shall include the form and terms of particular Series of
Securities established as contemplated hereunder.


 


“interest”
with respect to any Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.


 


“Lien” means,
with respect to any asset:


 


(1)           any
mortgage, deed of trust, deed to secure debt, lien (statutory or otherwise), pledge, hypothecation, encumbrance, restriction, collateral
assignment, charge or security interest in, on or of such asset;


 


(2)           the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing
lease having substantially the same economic effect as any of the foregoing) relating to such asset; and


 


(3)           in
the case of Equity Interests or debt securities, any purchase option, call or similar right of a third party with respect to such
Equity Interests or debt securities.


 


“Maturity,”
when used with respect to any Security or installment of principal thereof, means the date on which the principal of such Security
or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration
of acceleration, call for redemption, notice of option to elect repayment or otherwise.


 


“Officer”
means the Chief Executive Officer, the President, any Vice-President, the Treasurer, the Secretary, any Assistant Treasurer or
any Assistant Secretary of the Company.


 


“Officers’
Certificate” means a certificate signed by two Officers, one of whom must be the Company’s principal executive officer,
principal financial officer or principal accounting officer.


 


“Opinion of Counsel”
means a written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the
Company who is acceptable to the Trustee.


 


“person”
means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization,
limited liability company or government or other entity.


 


“principal”
of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in
respect of, the Security.


 


“Responsible Officer”
means any officer of the Trustee in its Corporate Trust Office (including any managing director, director, vice president, assistant
vice president, trust officer or corporate secretary) and also means, with respect to a particular corporate trust matter, any
other officer customarily performing functions similar to those performed by the above designated officers and also means, any
other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a particular
subject.


 






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“SEC” means
the Securities and Exchange Commission.


 


“Securities”
means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered under this
Indenture.


 


“Series”
or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created
pursuant to Sections 2.1 and 2.2 hereof.


 


“Stated Maturity”
means, with respect to any installment of interest or principal on any series of Indebtedness, the date on which the payment of
interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the date of the indenture,
and will not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date
originally scheduled for the payment thereof.


 


“Subsidiary”
means, with respect to any specified person:


 


(1)            any
corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled
(without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement
that effectively transfers voting power) to vote in the election of directors, managers or trustees of the corporation, association
or other business entity is at the time owned or controlled, directly or indirectly, by that person or one or more of the other
Subsidiaries of that person (or a combination thereof); and


 


(2)            any
partnership (a) the sole general partner or the managing general partner of which is such person or a Subsidiary of such person
or (b) the only general partners of which are that person or one or more Subsidiaries of that person (or any combination thereof).


 


“TIA” means
the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this Indenture; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required
by any such amendment, the Trust Indenture Act as so amended.


 


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


 


“Voting Stock”
of any person as of any date means the Capital Stock of such person that is at the time entitled to vote in the election of the
Board of Directors of such person.


 






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Section 1.2            Other
Definitions.


 


	

TERM	DEFINED IN 

SECTION
	“Bankruptcy Law”	6.1
	“Custodian”	6.1
	“Event of Default”	6.1
	“Legal Holiday”	11.7
	“mandatory sinking fund payment”	12.1
	“optional sinking fund payment”	12.1
	“Paying Agent”	2.4
	“Registrar”	2.4
	“Service Agent”	2.4
	 	 


 


Section 1.3            Incorporation
by Reference of Trust Indenture Act.


 


Whenever this Indenture
refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following
TIA terms used in this Indenture have the following meanings:


 


“Commission”
means the SEC.


 


“indenture securities”
means the Securities.


 


“indenture security
holder” means a Securityholder.


 


“indenture to be
qualified” means this Indenture.


 


“indenture trustee”
or “institutional trustee” means the Trustee.


 


“obligor”
on the indenture securities means the Company and any successor obligor upon the Securities.


 


All other terms used
in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the
TIA and not otherwise defined herein are used herein as so defined.


 


Section 1.4            Rules of
Construction.


 


Unless the context otherwise
requires:


 


(a)            a
term has the meaning assigned to it;


 


(b)            an
accounting term not otherwise defined has the meaning assigned to it in accordance with generally accepted accounting principles;


 






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(c)            references
to “generally accepted accounting principles” and “GAAP” shall mean generally accepted accounting principles
in effect as of the time when and for the period as to which such accounting principles are to be applied;


 


(d)            “or”
is not exclusive;


 


(e)            words
in the singular include the plural, and in the plural include the singular;


 


(f)            “including”
is not limiting; and


 


(g)            provisions
apply to successive events and transactions.


 


ARTICLE II.

THE SECURITIES


 


Section 2.1             Issuable
in Series.


 


The aggregate principal
amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in
one or more Series. All Securities of a Series shall be identical except as may be set forth in a Board Resolution, a supplemental
indenture or an Officers’ Certificate detailing the adoption of the terms thereof pursuant to the authority granted under
a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officers’
Certificate or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution
may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest
shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided that all Series of
Securities shall be equally and ratably entitled to the benefits of the Indenture.


 


Section 2.2            Establishment
of Terms of Series of Securities.


 


At or prior to the issuance
of any Securities within a Series, the following shall be established (as to the Series generally, in the case of Subsection
2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2
through 2.2.21) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board Resolution,
supplemental indenture or an Officers’ Certificate pursuant to authority granted under a Board Resolution:


 


2.2.1        the
title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other
Series);


 


2.2.2        the
price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be
issued;


 


2.2.3        any
limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under
this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in
lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6);


 






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2.2.4        the
date or dates on which the principal of the Securities of the Series is payable;


 


2.2.5        the
rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including,
but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall
bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or dates on which such interest,
if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; provided,
however, that the method used to determine such rate or rates at which the Securities of the Series shall bear interest must
be acceptable to the Trustee;


 


2.2.6        the
place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities
of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company
in respect of the Securities of such Series and this Indenture may be served, and the method of such payment, if by wire transfer,
mail or other means;


 


2.2.7        if
applicable, the period or periods within which, the price or prices at which and the terms and conditions upon which the Securities
of the Series may be redeemed, in whole or in part, at the option of the Company;


 


2.2.8        the
obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms
and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation;


 


2.2.9        the
dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased by the Company at
the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations;


 


2.2.10      if
other than denominations of $2,000 and any integral multiple of $1,000 in excess thereof, the denominations in which the Securities
of the Series shall be issuable;


 


2.2.11      whether
the Securities of the Series are to be issued in whole or in part in the form of one or more Global Securities and, in such
case, the Depositary for such Global Security or Global Securities, and the terms and conditions, if any, upon which interests
in such Global Security or Global Securities may be exchanged in whole or in part for the individual securities represented thereby
in definitive form registered in the name or names of Persons other than such Depositary or a nominee or nominees thereof;


 


2.2.12      if
other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be
payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2;


 






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2.2.13      the
currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, including, but not limited
to, the ECU, and if such currency of denomination is a composite currency other than the ECU, the agency or organization, if any,
responsible for overseeing such composite currency;


 


2.2.14      the
designation of the currency, currencies or currency units in which payment of the principal of and interest, if any, on the Securities
of the Series will be made;


 


2.2.15      if
payments of principal of or interest, if any, on the Securities of the Series are to be made in one or more currencies or
currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect
to such payments will be determined;


 


2.2.16      the
manner in which the amounts of payment of principal of or interest, if any, on the Securities of the Series will be determined,
if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity
index, stock exchange index or financial index;


 


2.2.17      the
provisions, if any, relating to any security or guarantee provided for the Securities of the Series, and any subordination in right
of payment, if any, of the Securities of the Series;


 


2.2.18      any
addition to or change in the Events of Default which applies to any Securities of the Series and any change in the right of
the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2;


 


2.2.19      any
addition to or change in the covenants set forth in Articles IV or V which applies to Securities of the Series;


 


2.2.20      any
other terms of the Securities of the Series (which may modify or delete any provision of this Indenture insofar as it applies
to such Series); and


 


2.2.21      any
depositories, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of
such Series if other than those appointed herein.


 


All Securities of any
one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture,
if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officers’ Certificate referred to
above, and the authorized principal amount of any Series may not be increased to provide for issuances of additional Securities
of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate.


 


Section 2.3            Execution
and Authentication.


 


Two Officers shall sign
the Securities for the Company by manual or facsimile signature.


 






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If an Officer whose
signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless
be valid.


 


A Security shall not
be valid until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall be conclusive
evidence that the Security has been authenticated under this Indenture.


 


The Trustee shall at
any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution,
supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Each Security shall
be dated the date of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an
Officers’ Certificate.


 


The aggregate principal
amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for
such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant
to Section 2.2, except as provided in Section 2.8.


 


Prior to the issuance
of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall be fully protected in relying
on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities
of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities
within that Series, (b) an Officers’ Certificate complying with Section 11.4, and (c) an Opinion of Counsel
complying with Section 11.4.


 


The Trustee shall have
the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by counsel,
determines that such action may not be taken lawfully; or (b) if the Trustee in good faith shall determine that such action
could expose the Trustee to personal liability.


 


The Trustee may appoint
an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities
whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such
agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company.


 


Section 2.4            Registrar
and Paying Agent.


 


The Company shall maintain,
with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to
Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying
Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange (“Registrar”)
and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be
served (“Service Agent”). The Registrar shall keep a register with respect to each Series of Securities and to
their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change
in the name or address, of each Registrar, Paying Agent or Service Agent. If at any time the Company shall fail to maintain any
such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof,
such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the
Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands; provided,
however, that the Trustee shall not serve as an agent or officer for the purpose of service of process on behalf of the Company.


 






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The Company may also
from time to time designate one or more co-registrars, additional paying agents or additional service agents and may from time
to time rescind such designations; provided, however, that no such designation or rescission shall in any manner
relieve the Company of its obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified pursuant
to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee
of any such designation or rescission and of any change in the name or address of any such co-registrar, additional paying agent
or additional service agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes
any additional paying agent; and the term “Service Agent” includes any additional service agent.


 


The Company hereby appoints
the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar, Paying Agent
or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued.


 


Section 2.5            Paying
Agent to Hold Money in Trust.


 


The Company shall require
each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of Securityholders
of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest
on the Series of Securities, and will notify the Trustee of any default by the Company in making any such payment. While any
such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time
may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other
than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary
of the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of Securityholders of
any Series of Securities all money held by it as Paying Agent.


 


Section 2.6             Securityholder
Lists.


 


The Trustee shall preserve
in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders
of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar,
the Company shall furnish to the Trustee at least ten days before each payment date and at such other times as the Trustee may
request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of
Securityholders of each Series of Securities.


 


Section 2.7            Transfer
and Exchange.


 


Where Securities of a
Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an equal
principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if the requirements
set forth in this Indenture and the Board Resolution, supplemental indenture hereto or Officers’ Certificate applicable to
such Series of Securities are met with respect to such transfer or exchange. To permit registrations of transfers and exchanges,
the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration
of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient
to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar
governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6).


 






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Neither the Company nor
the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the
period beginning at the opening of business fifteen days immediately preceding the mailing of a notice of redemption of Securities
of that Series selected for redemption and ending at the close of business on the day of such mailing, or (b) to register
the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion
being redeemed of any such Securities selected, called or being called for redemption in part.


 


Notwithstanding anything
contained herein to the contrary, neither the Trustee nor the Registrar shall have any obligation or duty to monitor, determine
or inquire as to compliance with any restrictions on transfer imposed under this Indenture, any Board Resolution, any supplemental
indenture hereto, any Officers’ Certificate, any Securities or under applicable law with respect to any transfer of any interest
in any Securities other than to require delivery of such certificates and other documentation or evidence as are expressly required
by, and to do so if and when expressly required by the terms of, this Indenture or the Board Resolution, supplemental indenture
hereto or Officers’ Certificate applicable to such Series of Securities, and to examine the same to determine substantial
compliance as to form with the express requirements hereof or thereof.


 


Section 2.8            Mutilated,
Destroyed, Lost and Stolen Securities.


 


If any mutilated Security
is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and make available for delivery in
exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously
outstanding.


 


If there shall be delivered
to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii) such
security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence
of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute
and upon Company Order the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen
Security, a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously
outstanding.


 


In case any such mutilated,
destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead
of issuing a new Security, pay such Security.


 






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Upon the issuance of
any new Security under this Section, 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 (including the fees and expenses of the Trustee) connected
therewith.


 


Every new Security of
any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable
by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities
of that Series duly issued hereunder.


 


The provisions of this
Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Securities.


 


Section 2.9            Outstanding
Securities.


 


Subject to Section 2.10,
the Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those
delivered to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with
the provisions hereof and those described in this Section as not outstanding.


 


If a Security is replaced
pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the replaced
Security is held by a bona fide purchaser.


 


If the Paying Agent (other
than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on a redemption date or the Maturity of Securities
of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the
Series shall cease to be outstanding and interest on such Securities shall cease to accrue.


 


Notwithstanding Section 2.10,
a Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security.


 


In determining whether
the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such
purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a
declaration of acceleration of the Maturity thereof pursuant to Section 6.2.


 


Section 2.10          Treasury
Securities.


 


In determining whether
the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization,
direction, notice, consent or waiver Securities of a Series owned by the Company or an Affiliate of the Company shall be disregarded,
except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization,
direction, notice, consent or waiver only Securities of a Series that the Trustee has received written notice from the Company,
certifying that the relevant Securities of such Series are owned by the Company or an Affiliate of the Company shall be so
disregarded.


 






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Upon request of the Trustee,
the Company shall promptly furnish to the Trustee an Officer’s Certificate listing and identifying all Securities, if any,
known by the Company to be owned or held by or for the account of the Company or an Affiliate of the Company, and the Trustee shall
be entitled to accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that
all Securities not listed therein are outstanding for the purpose of any such determination.


 


Section 2.11          Temporary
Securities.


 


Until definitive Securities
are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a Company Order. Temporary
Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate
for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee upon request shall authenticate
definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary
securities shall have the same rights under this Indenture as the definitive Securities.


 


Section 2.12           Cancellation.


 


The Company at any time
may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities
surrendered to them for registration of transfer, exchange or payment. Upon written request of an Officer, the Trustee shall cancel
all Securities surrendered for transfer, exchange, payment, replacement or cancellation and deliver such canceled Securities to
the Company, unless the Company otherwise directs; provided that the Trustee shall not be required to destroy Securities. The Company
may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation.


 


Section 2.13           Defaulted
Interest.


 


If the Company defaults
in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted by
law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent
special record date. The Company shall fix the record date and payment date. At least 10 days before the record date, the Company
shall mail to the Trustee and to each Securityholder of the Series a notice that states the record date, the payment date
and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner.


 


Section 2.14           Global
Securities.


 


2.14.1            Terms
of Securities. A Board Resolution, a supplemental indenture hereto or an Officers’ Certificate shall establish whether
the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary
for such Global Security or Securities.


 






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2.14.2      Transfer
and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and in addition
thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the
names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the Company
that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be
a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary registered
as a clearing agency under the Exchange Act within 90 days of such event, (ii) the Company executes and delivers to the Trustee
an Officers’ Certificate to the effect that such Global Security shall be so exchangeable or (iii) an Event of Default
with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that
is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary
shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and
terms.


 


Except as provided in
this Section 2.14.2, a Global Security may not be transferred except as a whole by the Depositary with respect to such Global
Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary
or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.


 


2.14.3      Legend.
Any Global Security issued hereunder shall bear a legend in substantially the following form:


 


“This Security
is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the Depositary
or a nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a person other than the
Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a
whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or another nominee of
the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.”


 


2.14.4      Acts
of Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any request,
demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the
Indenture.


 


2.14.5      Payments.
Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.2, payment
of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof.


 


2.14.6      Consents,
Declaration and Directions. Except as provided in Section 2.14.5, the Company, the Trustee and any Agent shall treat a
person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as
shall be specified in a written statement of the Depositary with respect to such Global Security, for purposes of obtaining any
consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture.


 






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2.14.7      General
Provisions for Book-Entry Securities. Members of, or participants in, the Depositary (“Participants”) shall have
no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its
custodian, or under the Global Security, and the Depositary may be treated by the Company, the Trustee and any agent of the Company
or the Trustee as the absolute owner of the Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification,
proxy or other authorization furnished by the Depositary or impair, as between the Depositary and Participants, the operation of
customary practices governing the exercise of the rights of a Holder of any Global Security. All notices and communications to
be given to the Holders and all payments to be made to Holders in respect of the Global Securities shall be given or made only
to or upon the order of the registered Holders (which shall be the Depositary or its nominee). The rights of beneficial owners
in any Global Security shall be exercised only through the Depositary, subject to its applicable rules and procedures. The
Trustee, Registrar, Paying Agent and Service Agent may each rely and shall be fully protected in relying upon information furnished
by the Depositary with respect to its agent members and other members, participants and any beneficial owners.


 


Section 2.15           CUSIP
Numbers.


 


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


 


ARTICLE III.

REDEMPTION


 


Section 3.1             Notice
to Trustee.


 


The Company may, with
respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such
terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to
redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities,
it shall notify the Trustee of the redemption date and the principal amount of Series of Securities to be redeemed. The Company
shall give the notice at least 10 days, but not more than 60 days, before the redemption date (or such shorter notice as may be
acceptable to the Trustee).


 






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Section 3.2            Selection
of Securities to be Redeemed or Repurchased.


 


Unless otherwise indicated
for a particular Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if less than all
the Securities of a Series are to be redeemed or repurchased, the Trustee shall select the Securities of the Series to
be redeemed or repurchased on a pro rata basis unless otherwise required by law, rules of the applicable Depositary
or applicable stock exchange requirements.


 


In the event of partial
redemption or purchase by lot, the Trustee shall make the selection from Securities of the Series outstanding not previously
called for redemption or repurchase. The Trustee may select for redemption or repurchase portions of the principal of Securities
of the Series that have denominations larger than $2,000. Securities of the Series and portions of them it selects shall
be in amounts of $2,000 or whole multiples of $1,000 in excess of $2,000 or, with respect to Securities of any Series issuable
in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and integral multiples
thereof. Provisions of this Indenture that apply to Securities of a Series called for redemption or repurchase also apply
to portions of Securities of that Series called for redemption or repurchase.


 


Section 3.3            Notice
of Redemption.


 


At least 10 days but
not more than 60 days before a redemption date, the Company shall mail a notice of redemption by first-class mail to each Holder
whose Securities are to be redeemed, except that redemption notices may be mailed more than 60 days prior to a redemption date
if the notice is issued in connection with a defeasance of the Securities or a satisfaction and discharge of this Indenture pursuant
to Articles 8 or 10 hereof.


 


The notice shall identify
the Securities of the Series to be redeemed and shall state:


 


(a)            the
redemption date;


 


(b)            the
redemption price;


 


(c)            the
name and address of the Paying Agent;


 


(d)            that
Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption price;


 


(e)            if
any Security is being redeemed in part, the portion of the principal amount of such Security to be redeemed and that, after the
redemption date upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion
will be issued upon cancellation of the original Security;


 


(f)            that
interest on Securities of the Series called for redemption ceases to accrue on and after the redemption date;


 


(g)            the
CUSIP number, if any; and


 






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(h)            any
other information as may be required by the terms of the particular Series or the Securities of a Series being redeemed.


 


At the Company’s
request, the Trustee shall give the notice of redemption in the Company’s name and at its expense provided, however, that
the Company has delivered to the Trustee, at least four business days prior to the date on which notice of redemption is to be
delivered to the Holders pursuant to this Section 3.3 (or such shorter period as the Trustee in its sole discretion may allow),
a written request by an Officer requesting that the Trustee give such notice and setting forth the information to be stated in
such notice as provided in the preceding paragraph.


 


Section 3.4             Effect
of Notice of Redemption.


 


Once notice of redemption
is mailed or published as provided in Section 3.3, Securities of a Series called for redemption become due and payable
on the redemption date and at the redemption price. Notwithstanding the foregoing, any redemption and notice thereof may, in the
Company’s discretion, be subject to the satisfaction of one or more conditions precedent. If a redemption notice is subject
to satisfaction of one or more conditions precedent, such notice will state that, at the Company’s discretion, the redemption
date may be delayed until such time as any or all such conditions are satisfied, or such redemption may not occur and such notice
may be rescinded in the event that any or all such conditions have not been satisfied by the redemption date, or by the redemption
date so delayed.


 


Upon surrender to the
Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date; provided that
installments of interest whose Stated Maturity is on or prior to the redemption date shall be payable to the Holders of such Securities
(or one or more predecessor Securities) registered at the close of business on the relevant record date therefor according to their
terms and the terms of this Indenture.


 


Section 3.5            Deposit
of Redemption Price.


 


One Business Day prior
to the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued
interest, if any, on all Securities to be redeemed on that date.


 


Section 3.6            Securities
Redeemed in Part.


 


Upon surrender of a Security
that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity
equal in principal amount to the unredeemed portion of the Security surrendered.


 


ARTICLE IV.

COVENANTS


 


Section 4.1             Payment
of Principal and Interest.


 


The Company covenants
and agrees for the benefit of the Holders of each Series of Securities that it will pay or cause to be paid the principal
of, premium, if any, and interest on, the Securities of that Series on the dates and in the manner provided in such Securities.
Principal, premium, if any, and interest on any Series of Securities will be considered paid on the date due if the Paying
Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00 a.m. Eastern Time on the due date money deposited
by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest
then due.


 






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Section 4.2             Maintenance
of Office or Agency.


 


The Company covenants
and agrees for the benefit of the Holders of each Series of Securities that it will maintain an office or agency (which may
be an office of the Trustee for such Securities or an affiliate of such Trustee, Registrar for such Securities or co-registrar)
where such Securities may be surrendered for registration of transfer or for exchange and where notices and demands to or upon
the Company in respect of such Securities and this Indenture may be served. The Company will give prompt written notice to the
Trustee for such Securities of the location, and any change in the location, of such office or agency. If at any time the Company
fails to maintain any such required office or agency or fails to furnish such Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Corporate Trust Office of such Trustee; provided, however, that the
Trustee shall not serve as an agent or officer for the purpose of service of process on behalf of the Company.


 


The Company may also
from time to time designate one or more other offices or agencies where Securities may be presented or surrendered for any or all
such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will
in any manner relieve the Company of its obligation described in the preceding paragraph. The Company will give prompt written
notice to the Trustee for such Series of Securities of any such designation or rescission and of any change in the location
of any such other office or agency.


 


With respect to each
Series of Securities, the Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency
of the Company in accordance with Section 2.4 hereof.


 


Section 4.3             Reports.


 


The Company shall file
with the Trustee and the SEC, and transmit to Holders, such information, documents and other reports, and such summaries thereof,
as may be required pursuant to the TIA at the times and in the manner provided in the TIA; provided that, unless available on EDGAR,
any such information, documents or reports required to be filed with the SEC pursuant to Section 13 or 15(d) of the Exchange
Act shall be filed with the Trustee within 30 days after the same is filed with the SEC.


 


Section 4.4             Compliance
Certificate.


 


(a)            The
Company and each guarantor of any Series of Securities (to the extent that such guarantor is so required under the TIA) shall
deliver to the Trustee with respect to such Series, within 90 days after the end of each fiscal year, an Officers’ Certificate
stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under
the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled
its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best
of his or her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture
and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if
a Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge
and what action the Company is taking or proposes to take with respect thereto) and that to the best of his or her knowledge no
event has occurred and remains in existence by reason of which payments on account of the principal of or interest, if any, on
the Securities is prohibited or if such event has occurred, a description of the event and what action the Company is taking or
proposes to take with respect thereto.


 






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(b)            So
long as any of Series of Securities are outstanding, the Company will deliver to the Trustee with respect to such Series,
forthwith upon any Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default
or Event of Default and what action the Company is taking or proposes to take with respect thereto.


 


Section 4.5            Taxes.


 


The Company will pay,
and will cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies
except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse
in any material respect to the Holders of such Securities.


 


Section 4.6             Stay,
Extension and Usury Laws.


 


The Company covenants
and agrees (to the extent that it may lawfully do so), that it will not, and each guarantor of such Securities will not, at any
time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law
wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and
the Company and each of such guarantors (to the extent that it may lawfully do so), as applicable, hereby expressly waives all
benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution
of any power herein granted to the Trustee for such Securities, but will suffer and permit the execution of every such power as
though no such law has been enacted.


 


Section 4.7             Corporate
Existence.


 


Subject to Article V
hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect:


 


(1)            its
corporate existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance with the respective
organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and


 


(2)            the
rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries provided, however, that the Company
shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any
of its Subsidiaries, if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct
of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material
respect to the Holders of such Securities.


 






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ARTICLE V.

SUCCESSORS


 


Section 5.1     Merger,
Consolidation, or Sale of Assets.


 


The Company covenants
and agrees for the benefit of the Holders of each Series of Securities that it shall not, directly or indirectly: (i) consolidate
or merge with or into another person (whether or not the Company is the surviving corporation); or (ii) sell, assign, transfer,
convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as
a whole, in one or more related transactions, to another person, unless:


 


(1)            either:


 


(A)            the
Company is the surviving corporation; or


 


(B)            the
person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer,
conveyance or other disposition has been made is a corporation, partnership or limited liability company organized or existing
under the laws of the United States, any state of the United States or the District of Columbia;


 


(2)            the
person formed by or surviving any such consolidation or merger (if other than the Company) or the person to which such sale, assignment,
transfer, conveyance or other disposition has been made assumes all the obligations of the Company under such Securities and this
Indenture pursuant to agreements reasonably satisfactory to the Trustee for such Securities; and


 


(3)            immediately
after such transaction, no Default or Event of Default exists.


 


In addition, the Company
will not, directly or indirectly, lease all or substantially all of its properties or assets, in one or more related transactions,
to any other person. This Section 5.1 will not apply to:


 


(4)            a
merger of the Company with an Affiliate solely for the purpose of reincorporating the Company in another jurisdiction or forming
a direct holding company of the Company; or


 


(5)            any
sale, transfer, assignment, conveyance, lease or other disposition of assets between or among the Company and its Subsidiaries,
including by way of merger or consolidation.


 






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Section 5.2     Successor
Corporation Substituted.


 


Upon any consolidation
or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties
or assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof,
the successor person formed by such consolidation or into or with which the Company is merged or to which such sale, assignment,
transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date
of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture
referring to the “Company” shall refer instead to the successor person and not to the Company), and may exercise every
right and power of the Company under this Indenture with the same effect as if such successor person had been named as the Company
herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of and interest
on any Series of Securities except in the case of a sale of all of the Company’s assets in a transaction that is subject
to, and that complies with the provisions of, Section 5.1 hereof.


 


ARTICLE VI.

DEFAULTS AND REMEDIES


 


Section 6.1            Events
of Default.


 


“Event of Default,”
wherever used herein with respect to Securities of any Series, means any one of the following events, unless in the establishing
Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such Series shall not have the
benefit of said Event of Default:


 


(a)           default
in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of such default
for a period of 60 days; or


 


(b)           default
in payment when due of the principal of, or premium, if any, on any Security of that Series; or


 


(c)           default
in the deposit of any sinking fund payment, when and as due in respect of any Security of that Series; or


 


(d)           default
in the performance or breach of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty that
has been included in this Indenture solely for the benefit of Series of Securities other than that Series), which default
continues uncured for a period of 90 days after written notice given by the Trustee for such Securities or Holders of such Securities;
or


 


(e)           the
Company pursuant to or within the meaning of any Bankruptcy Law:


 


(i)           commences
a voluntary case,


 


(ii)          consents
to the entry of an order for relief against it in an involuntary case,


 








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(iii)         consents
to the appointment of a Custodian of it or for all or substantially all of its property,


 


(iv)         makes
a general assignment for the benefit of its creditors; or


 


(f)            a
court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:


 


(i)           is
for relief against the Company in an involuntary case,


 


(ii)          appoints
a Custodian of the Company or for all or substantially all of its property, or


 


(iii)         orders
the liquidation of the Company, and the order or decree remains unstayed and in effect for 90 days; or


 


(g)           any
other Event of Default provided with respect to Securities of that Series, which is specified in a Board Resolution, a supplemental
indenture hereto or an Officers’ Certificate, in accordance with Section 2.2.18.


 


The term “Bankruptcy
Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.


 


Section 6.2            Acceleration.


 


If an Event of Default
with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of Default
referred to in Section 6.1(e) or (f)) then in every such case the Trustee or the Holders of not less than 30% in principal
amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of that Series are
Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and
unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by a notice in writing
to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount)
and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.1(e) or
(f) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding
Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee
or any Holder.


 


At any time after such
a declaration of acceleration with respect to any Series has been made, the Holders of a majority in principal amount of the
outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration
and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default (except
nonpayment of principal, interest or premium that has become due solely because of the acceleration) have been cured or waived.


 






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No such rescission shall
affect any subsequent Default or impair any right consequent thereon.


 


Section 6.3            Other
Remedies.


 


If an Event of Default
with respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee may pursue any available
remedy to collect the payment of principal, premium, if any, and interest on such Securities or to enforce the performance of any
provision of such Securities or this Indenture.


 


The Trustee for such
Securities may maintain a proceeding even if it does not possess any of such Securities or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Holder of Securities in exercising any right or remedy accruing upon an Event
of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies
are cumulative to the extent permitted by law.


 


Section 6.4            Waiver
of Past Defaults.


 


Holders of not less than
a majority in aggregate principal amount of the then outstanding Securities of any Series by notice to the Trustee for such
Securities may on behalf of the Holders of all Securities of such Series waive an existing Default or Event of Default with
respect to the Securities of such Series and its consequences hereunder, except a continuing Default or Event of Default in
the payment of the principal of, premium, if any, or interest on, such Securities (including in connection with an offer to purchase);
provided, however, that the Holders of a majority in aggregate principal amount of the then outstanding Securities of any Series may
rescind an acceleration of the Securities of such Series and its consequences, including any related payment default that
resulted from such acceleration. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom
shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other
Default or Event of Default or impair any right consequent thereon.


 


Section 6.5            Control
by Majority.


 


Holders of not less than
a majority in aggregate principal amount of the then outstanding Securities of any Series may direct the time, method and
place of conducting any proceeding for exercising any remedy available to the Trustee for such Securities or exercising any trust
or power conferred on it. However, the Trustee for any Series of Securities may refuse to follow any direction that conflicts
with law or this Indenture that such Trustee determines may be unduly prejudicial to the rights of other Holders of such Securities
or that may involve the Trustee in personal liability.


 


Section 6.6            Limitation
on Suits.


 


A Holder of any Series of
Securities may pursue a remedy with respect to this Indenture or such Securities only if:


 


(1)          such
Holder gives to the Trustee for such Securities written notice that an Event of Default is continuing;


 






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(2)          Holders
of at least 30% in aggregate principal amount of the then outstanding Securities of such Series make a written request to
the Trustee for such Securities to pursue the remedy;


 


(3)          such
Holder or Holders offer and, if requested, provide to the Trustee for such Securities security or indemnity reasonably satisfactory
to such Trustee against any loss, liability or expense;


 


(4)          such
Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and


 


(5)          during
such 60-day period, Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series do
not give such Trustee a direction inconsistent with such request.


 


A Holder of any Series of
Securities may not use this Indenture to prejudice the rights of another Holder of such Series of Securities or to obtain
a preference or priority over another Holder of a Securities of such Series.


 


Section 6.7            Rights
of Holders of Security to Receive Payment.


 


Notwithstanding any other
provision of this Indenture, the right of any Holder of a Security of any Series to receive payment of principal, premium,
if any, and interest on such Securities, on or after the respective due dates expressed in such Securities (including, if applicable,
in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of such Holder.


 


Section 6.8            Collection
Suit by Trustee.


 


If an Event of Default
specified in Section 6.1(a), (b) or (c) hereof with respect to Securities of any Series occurs and is continuing,
the Trustee for such Securities is authorized to recover judgment in its own name and as trustee of an express trust against the
Company for the whole amount of principal of, premium, if any, and interest remaining unpaid on, such Securities and interest on
overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses
of collection, including the reasonable compensation, expenses, disbursements and advances of such Trustee, its agents and counsel.


 






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Section 6.9            Trustee
May File Proofs of Claim.


 


The Trustee for each
Series of Securities is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of such Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of such Trustee, its agents and counsel) and the Holders of the Securities for which it acts as trustee allowed in any judicial
proceedings relative to the Company (or any other obligor upon such Securities), its creditors or its property and shall be entitled
and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any
Custodian in any such judicial proceeding is hereby authorized by each Holder of such Securities to make such payments to such
Trustee, and in the event that such Trustee shall consent to the making of such payments directly to such Holders, to pay to such
Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of such Trustee, its agents
and counsel, and any other amounts due such Trustee under the Indenture. To the extent that the payment of any such compensation,
expenses, disbursements and advances of such Trustee, its agents and counsel, and any other amounts due such Trustee (including,
without limitation, under Section 7.7 hereof) out of the estate in any such proceeding, shall be denied for any reason, payment
of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and
other properties that such Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization
or arrangement or otherwise. Nothing herein contained shall be deemed to authorize such Trustee to authorize or consent to or accept
or adopt on behalf of any Holder for which it acts as trustee any plan of reorganization, arrangement, adjustment or composition
affecting the Securities or the rights of such Holder, or to authorize such Trustee to vote in respect of the claim of any such
Holder in any such proceeding.


 


Section 6.10          Priorities.


 


If the Trustee of any
Series of Securities collects any money pursuant to this Article 6, it shall pay out the money in the following order:


 


First: to the
Trustee, its agents and attorneys for amounts due under the Indenture, including payment of all reasonable compensation, expenses,
indemnities and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection;


 


Second: to Holders
of such Securities for amounts due and unpaid on such Securities for principal, premium, if any, and interest, ratably, without
preference or priority of any kind, according to the amounts due and payable on such Securities for principal, premium, if any
and interest, respectively; and


 


Third: to the
Company or to such party as a court of competent jurisdiction shall direct.


 


The Trustee may fix a
record date and payment date for any payment to Holders of Securities pursuant to this Section 6.10.


 


Section 6.11          Undertaking
for Costs.


 


In any suit for the enforcement
of any right or remedy under this Indenture or in any suit against any Trustee for any action taken or omitted by it as a trustee,
a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit,
and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant
in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11
does not apply to a suit by the Trustee, a suit by a Holder of a Security pursuant to Section 6.7 hereof, or a suit by Holders
of more than 10% in aggregate principal amount of the then outstanding Securities of any Series.


 






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ARTICLE VII.

TRUSTEE


 


Section 7.1            Duties
of Trustee.


 


(a)           If
an Event of Default with respect to any Series of Securities has occurred and is continuing, of which a Responsible Officer
of the Trustee has actual knowledge, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the
same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct
of such person’s own affairs.


 


(b)           Except
during the continuance of an Event of Default of which a Responsible Officer of the Trustee has actual knowledge:


 


(i)           The
Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants
or obligations shall be read into this Indenture against the Trustee.


 


(ii)          In
the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon Officers’ Certificates or Opinions of Counsel furnished to the Trustee and conforming
to the requirements of this Indenture; however, in the case of any such Officers’ Certificates or Opinions of Counsel which
by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officers’
Certificates and Opinions of Counsel to determine whether or not they conform to the requirements of this Indenture (but need not
confirm or investigate the accuracy of mathematical calculations or other facts stated therein).


 


(c)           The
Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct,
except that:


 


(i)           This
paragraph does not limit the effect of paragraph (b) of this Section.


 


(ii)          The
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the
Trustee was negligent in ascertaining the pertinent facts.


 


(iii)         The
Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities
of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding
Securities of such Series 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 Securities of
such Series.


 


(d)           Every
provision of this Indenture that in any way relates to the Trustee is subject to this Article VII.


 






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(e)           The
Trustee may refuse to perform any duty or exercise any right or power at the request or direction of any Holder(s) unless
it receives indemnity satisfactory to it against any loss, liability or expense.


 


(f)            The
Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company.
Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.


 


(g)           No
provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability in the performance
of any of its duties, 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 against such risk is not reasonably assured to it.


 


(h)           The
Paying Agent, the Registrar, the Service Agent and any authenticating agent shall be entitled to the same protections, indemnities
and immunities as are set forth in this Article VII with respect to the Trustee.


 


Section 7.2            Rights
of Trustee.


 


(a)           The
Trustee may conclusively rely on and shall be fully protected in acting or refraining from acting upon any document believed by
it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter
stated in the document.


 


(b)           Before
the Trustee acts or refrains from acting, it may require an Officers’ Certificate. The Trustee shall not be liable for any
action it takes or omits to take in good faith in reliance on such Officers’ Certificate.


 


(c)           The
Trustee may act through agents, attorneys, custodians or nominees and shall not be responsible for the supervision of or any misconduct
or negligence of any agent, attorney, custodian or nominee appointed with due care. No Depositary shall be deemed an agent, attorney,
custodian or nominee of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary.


 


(d)           The
Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within
its rights or powers, provided that the Trustee’s conduct does not constitute negligence or bad faith.


 


(e)           The
Trustee may consult with counsel and the advice of such counsel or any 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 reliance thereon.


 


(f)            The
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to
it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.


 






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(g)           The
Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted by it hereunder without negligence and in good
faith and in reliance thereon.


 


(h)           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, direction, consent, order, bond, debenture, note, other evidence of indebtedness
or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit.


 


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


 


(j)            In
no event shall the Trustee be liable for the selection of investments or for investment losses incurred thereon. The Trustee shall
have no liability in respect of losses incurred as a result of the liquidation of any investment prior to its stated maturity or
failure to provide timely written direction.


 


(k)           In
no event shall the Trustee be liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including,
but not limited to, loss of profit), even if the Trustee has been advised of the likelihood of such loss or damage and regardless
of the form of action.


 


(l)            In
no event shall the Trustee be liable for any failure or delay in the performance of its obligations under this Indenture or any
related documents because of circumstances beyond the Trustee’s control, including, but not limited to, a failure, termination,
or suspension of a clearing house, securities depositary, settlement system or central payment system in any applicable part of
the world or acts of God, flood, war (whether declared or undeclared), civil or military disturbances or hostilities, nuclear or
natural catastrophes, political unrest, explosion, severe weather or accident, earthquake, terrorism, fire, riot, labor disturbances,
strikes or work stoppages for any reason, embargo, government action, including any laws, ordinances, regulations or the like
(whether domestic, federal, state, county or municipal or foreign) which delay, restrict or prohibit the providing of the services
contemplated by this Indenture or any related documents, or the unavailability of communications or computer facilities, the failure
of equipment or interruption of communications or computer facilities, or the unavailability of the Federal Reserve Bank wire or
telex or other wire or communication facility, or any other causes beyond the Trustee’s control whether or not of the same
class or kind as specified above.


 


(m)          Delivery
of reports and other financial information related to the Company to the Trustee is for informational purposes only and the Trustee’s
receipt of such shall not constitute actual or 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 conclusively on Officers’ Certificates).


 






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(n)           The
right of the Trustee to perform any discretionary act enumerated in this Indenture or any related document shall not be construed
as a duty.


 


(o)           The
Trustee may earn compensation in the form of short-term interest on items like uncashed distribution checks (from the date issued
until the date cashed), funds that the Trustee is directed not to invest, deposits awaiting investment direction or received too
late to be invested overnight in previously directed investments.


 


Section 7.3            Individual
Rights of Trustee.


 


The Trustee in its individual
or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate of
the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee
is also subject to Sections 7.10 and 7.11.


 


Section 7.4            Trustee’s
Disclaimer.


 


The Trustee shall not
be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not
be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement
in the Securities other than its authentication.


 


Section 7.5            Notice
of Defaults.


 


If a Default or Event
of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible Officer
of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series notice of such Default or Event
of Default within 90 days after a Responsible Officer of the Trustee has knowledge of such Default or Event of Default. Except
in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee
may withhold the notice if it in good faith determines that withholding the notice is in the interests of Securityholders of that
Series.


 


Section 7.6            Reports
by Trustee to Holders.


 


Within 60 days after
May 15 in each year, and for so long as any Securities remain outstanding, the Trustee shall transmit by mail to all Securityholders,
as their names and addresses appear on the register kept by the Registrar a brief report dated as of such May 15, in accordance
with, and to the extent required under, TIA § 313(a) (but if no event described in TIA §313(a) has occurred
within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA §313(b)(2) and
transmit by mail all reports as required by TIA §313(c).


 


A copy of each report
at the time of its mailing to Securityholders of any Series shall be mailed by the Trustee to the Company and filed by the
Company with the SEC and each stock exchange on which the Securities of that Series are listed. The Company shall promptly
notify the Trustee when Securities of any Series are listed on any stock exchange.


 






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Section 7.7            Compensation and Indemnity.


 


The Company shall pay
to the Trustee from time to time compensation for its services hereunder as the Company and the Trustee shall from time to time
agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express
trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it in addition
to the compensation for its services. Such expenses shall include the reasonable compensation and expenses of the Trustee’s
agents and counsel.


 


The Company shall indemnify
each of the Trustee, any predecessor Trustee (including the cost of defending itself) and each of their respective officers, directors,
employees, shareholders and agents (collectively, the “Indemnified Parties”) against any loss, liability or expense,
including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by such Indemnified
Parties directly or indirectly arising out of or in connection with the acceptance or administration of its duties under this Indenture
as Trustee or Agent; provided, however, that the Company shall not be required to indemnify for any such loss, liability or expense
resulting directly from an Indemnified Party’s negligence, bad faith or willful misconduct as determined by a final judgment
issued by a court of competent jurisdiction. An Indemnified Party shall notify the Company promptly of any claim for which it may
seek indemnity, provided however that failure by such Indemnified Party to so notify the Company shall not relieve the Company
of its obligations hereunder. The Company shall defend the claim and the Indemnified Party shall cooperate in the defense. Each
Indemnified Party may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The
Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld or delayed.


 


To secure the Company’s
payment obligations in this Section 7.7, the Trustee shall have a lien prior to the Securities of any Series on all money
or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities
of that Series.


 


When the Trustee incurs
expenses or renders services after an Event of Default specified in Section 6.1(e) or (f) occurs, the expenses and
the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law.


 


The provisions of this
Section 7.7 shall survive the termination of this Indenture or the earlier resignation or removal of the Trustee.


 


Section 7.8            Replacement
of Trustee.


 


A resignation or removal
of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance
of appointment as provided in this Section 7.8.


 






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The Trustee may resign
with respect to the Securities of one or more Series by so notifying the Company at least 30 days prior to the date of the
proposed resignation. The Holders of a majority in aggregate principal amount of the Securities of any Series may remove the
Trustee with respect to that Series by so notifying the Trustee and the Company. The Company may remove the Trustee with respect
to Securities of one or more Series if:


 


(a)           the
Trustee fails to comply with Section 7.10;


 


(b)           the
Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy
Law;


 


(c)           a
Custodian or public officer takes charge of the Trustee or its property; or


 


(d)           the
Trustee becomes incapable of acting.


 


If the Trustee resigns
or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee.
Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding
Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.


 


If a successor Trustee
with respect to the Securities of any one or more Series does not take office within 60 days after the retiring Trustee resigns
or is removed, the retiring Trustee, the Company or the Holders of at least 10% in aggregate principal amount of the Securities
of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor Trustee.


 


A successor Trustee shall
deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Upon payment of all amounts owing to
retiring Trustee hereunder, the retiring Trustee shall immediately transfer all property held by it as Trustee to the successor
Trustee subject to the lien provided for in Section 7.7, and the resignation or removal of the retiring Trustee shall become
effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of
Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall mail a notice of its succession to
each Securityholder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s
obligations under Section 7.7 hereof shall continue for the benefit of the retiring Trustee with respect to expenses and liabilities
incurred by it prior to such replacement.


 


Section 7.9            Successor
Trustee by Merger, etc.


 


If the Trustee consolidates
with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the
successor corporation without any further act shall be the successor Trustee.


 






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Section 7.10          Eligibility;
Disqualification.


 


This Indenture shall
always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always have
a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. The
Trustee shall comply with TIA § 310(b).


 


Section 7.11          Preferential
Collection of Claims Against Company.


 


The Trustee is subject
to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated therein.


 


ARTICLE VIII.

LEGAL DEFEASANCE AND COVENANT DEFEASANCE


 


Section 8.1            Option
to Effect Legal Defeasance or Covenant Defeasance.


 


The Company may at any
time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, elect to have
either Section 8.2 or 8.3 hereof be applied to all outstanding Securities of any Series upon compliance with the conditions
set forth below in this Article 8.


 


Section 8.2            Legal
Defeasance and Discharge.


 


Upon the Company’s
exercise under Section 8.1 hereof of the option applicable to this Section 8.2, the Company and each guarantor, if any,
of such Securities will, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have
been discharged from its or their obligations with respect to all outstanding Securities of such Series (including the related
guarantees, if any) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For
this purpose, Legal Defeasance means that the Company and such guarantors, if any, will be deemed to have paid and discharged the
entire Indebtedness represented by the outstanding Securities of such Series (including the related guarantees, if any), which
will thereafter be deemed to be “outstanding” only for the purposes of Section 8.5 hereof and the other Sections
of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all its or their other obligations
under such Securities, such guarantees, if any, and this Indenture (and the Trustee for such Securities, on demand of and at the
expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which will
survive until otherwise terminated or discharged hereunder:


 


(1)          the
rights of Holders of outstanding Securities of such Series to receive payments in respect of the principal of, or interest
or premium, if any, on, such Securities when such payments are due from the trust referred to in Section 8.4 hereof;


 


(2)          the
Company’s obligations with respect to such Securities under Article 2 and Section 4.2 hereof;


 


(3)          the
rights, powers, trusts, duties, indemnities and immunities of the Trustee for such Securities hereunder and the Company’s
and the guarantors’, if any, obligations in connection therewith; and


 






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(4)          this
Article 8.


 


Subject to compliance
with this Article 8, the Company may exercise its option under this Section 8.2 notwithstanding the prior exercise of
its option under Section 8.3 hereof.


 


Section 8.3            Covenant
Defeasance.


 


Upon the Company’s
exercise under Section 8.1 hereof of the option applicable to this Section 8.3, the Company and each of the guarantors,
if any, will, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be released from each of their
or its obligations under the covenants specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate,
in accordance with Section 2.2.18, with respect to the outstanding Securities of the applicable Series on and after the
date the conditions set forth in Section 8.4 hereof are satisfied (hereinafter, “Covenant Defeasance”), and such
Securities will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration
or act of Holders of such Securities (and the consequences of any thereof) in connection with such covenants, but will continue
to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities will not be deemed
outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Securities
of such Series, the Company may omit to comply with and will have no liability in respect of any term, condition or limitation
set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant
or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to
comply will not constitute a Default or an Event of Default under Section 6.1 hereof, but, except as specified above, the
remainder of this Indenture and such Securities will be unaffected thereby. In addition, upon the Company’s exercise under
Section 8.1 hereof of the option applicable to this Section 8.3, subject to the satisfaction of the conditions set forth
in Section 8.4 hereof, Sections 6.1(d) through (f) hereof will not constitute Events of Default.


 


Section 8.4            Conditions
to Legal or Covenant Defeasance.


 


In order to exercise
either Legal Defeasance or Covenant Defeasance under either Section 8.2 or 8.3 hereof with respect to Securities of any Series:


 


(1)          the
Company must irrevocably deposit with the Trustee for such Securities, in trust, for the benefit of the Holders of such Securities,
cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the
opinion of a nationally recognized investment bank, appraisal firm, or firm of independent public accountants, to pay the principal
of, premium, if any, and interest on, the outstanding Securities of such Series on the stated date for payment thereof or
on the applicable redemption date, as the case may be, and the Company must specify whether such Securities are being defeased
to such stated date for payment or to a particular redemption date;


 


(2)          in
the case of an election under Section 8.2 hereof, the Company must deliver to the Trustee for such Securities an Opinion of
Counsel confirming that:


 


(A)          the
Company has received from, or there has been published by, the Internal Revenue Service a ruling; or


 






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(B)            since
the date 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 shall confirm that, the Holders of the outstanding Securities of such Series will
not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to
federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance
had not occurred;


 


(3)            in
the case of an election under Section 8.3 hereof, the Company must deliver to the Trustee for such Securities an Opinion of
Counsel confirming that the Holders of such Securities will not recognize income, gain or loss for federal income tax purposes
as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at
the same times as would have been the case if such Covenant Defeasance had not occurred;


 


(4)            no
Default or Event of Default with respect to such Securities shall have occurred and be continuing on the date of such deposit (other
than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit);


 


(5)            such
Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under, any material
agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the
Company or any of its Subsidiaries is bound;


 


(6)            the
Company must deliver to the Trustee for such Securities an Officers’ Certificate stating that the deposit was not made by
the Company with the intent of preferring the Holders of such Securities over the other creditors of the Company with the intent
of defeating, hindering, delaying or defrauding any creditors of the Company or others; and


 


(7)            the
Company must deliver to the Trustee for such Securities an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with.


 


Section 8.5         Deposited
Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions.


 


Subject to Section 8.6
hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 8.5, the “Trustee”) pursuant to Section 8.4
hereof in respect of the outstanding Securities of any Series will be held in trust and applied by the Trustee, in accordance
with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (including
the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become
due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except
to the extent required by law.


 


The Company will pay
and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government
Securities deposited pursuant to Section 8.4 hereof or the principal and interest received in respect thereof other than any
such tax, fee or other charge which by law is for the account of the Holders of the outstanding Securities of the applicable Series.


 



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Notwithstanding anything
in this Article 8 to the contrary, the Trustee will deliver or pay to the Company from time to time upon the request of the
Company any money or non-callable Government Securities held by it as provided in Section 8.4 hereof which, in the opinion
of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the
Trustee (which may be the opinion delivered under Section 8.4(1) hereof), are in excess of the amount thereof that would
then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.


 


Section 8.6         Repayment
to Company.


 


Any money deposited with
the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or
interest on, any Series of Securities and remaining unclaimed for two years after such principal, premium, if any, or interest
has become due and payable shall be paid to the Company on its request or (if then held by the Company) will be discharged from
such trust; and the Holders of such Securities will thereafter be permitted to look only to the Company for payment thereof, and
all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee
thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national
edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days
from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company.


 


Section 8.7         Reinstatement.


 


If the Trustee or Paying
Agent is unable to apply any U.S. dollars or non-callable Government Securities in accordance with Section 8.2 or 8.3 hereof,
as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the Company’s and any applicable guarantors’ obligations under this Indenture and
the applicable Securities and the guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 8.2
or 8.3 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.2
or 8.3 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any,
or interest on, any such Securities following the reinstatement of its obligations, the Company will be subrogated to the rights
of the Holders of such Securities to receive such payment from the money held by the Trustee or Paying Agent.


 



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ARTICLE IX.

AMENDMENTS AND WAIVERS


 


Section 9.1         Without
Consent of Holders.


 


Notwithstanding Section 9.2
of this Indenture, the Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without
the consent of any Securityholder:



 


(a)            to
cure any ambiguity, defect or inconsistency or to conform the terms hereof, as amended and supplemented, that are applicable to
the Securities of any Series to the description of the terms of such Securities in the offering memorandum, prospectus supplement
or other offering document applicable to such Securities at the time of initial sale thereof;


 


(b)            to
provide for uncertificated Securities in addition to or in place of certificated Securities;


 


(c)            to
provide for the assumption of the Company’s obligations to the Holders of the Securities by a successor to the Company pursuant
to Article 5 hereof;


 


(d)            to
make any change that would provide any additional rights or benefits to the Holders of Securities or that does not adversely affect
the legal rights hereunder of any Securityholder;


 


(e)            to
comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA;


 


(f)            to
add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments
to the Trust Indenture Act;


 


(g)            to
provide for the issuance of and establish the form and terms and conditions of Securities of any Series as permitted by this
Indenture;


 


(h)            to
evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or
more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee; or


 


(i)            to
add guarantors or co-obligors with respect to any Series of Securities or to release guarantors of Securities in accordance
with the terms of the applicable Series of Securities.


 


Upon the request of the
Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or supplemental indenture,
and upon receipt by the Trustee of the documents described in Section 7.2 hereof, the Trustee will join with the Company in
the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further
appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such
amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise.


 






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Section 9.2         With
Consent of Holders.


 


Subject to Section 9.3,
the Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a majority
in aggregate principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including
consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture
or of modifying in any manner the rights of the Securityholders of each such Series. Except as provided in Section 9.3, the
Holders of at least a majority in aggregate principal amount of the outstanding Securities of each Series by notice to the
Trustee (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may
waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series.


 


It shall not be necessary
for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed supplemental
indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. Upon the request of the Company
accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or supplemental indenture,
and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities as aforesaid,
and upon receipt by the Trustee of the documents described in Section 9.7 hereof, the Trustee will join with the Company in
the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not
be obligated to, enter into such amended or supplemental Indenture.


 


After a supplemental
indenture or waiver under this section becomes effective, the Company shall mail to the Holders of Securities affected thereby
a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to mail such notice, or any defect
therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver.


 


Section 9.3         Limitations.


 


Without the consent of
each Securityholder affected, an amendment or waiver may not (with respect to any Securities held by a non-consenting Holder):


 


(a)            change
the amount of Securities whose Holders must consent to an amendment, supplement or waiver;


 


(b)            reduce
the rate of or extend the time for payment of interest (including default interest) on any Security;


 


(c)            reduce
the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for, the payment
of any sinking fund or analogous obligation;


 


(d)            reduce
the principal amount of Discount Securities payable upon acceleration of the maturity thereof;


 






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(e)            waive
a Default or Event of Default in the payment of the principal of or interest, if any, on any Security (except a rescission of acceleration
of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of
such Series and a waiver of the payment default that resulted from such acceleration);


 


(f)             make
the principal of or interest, if any, on any Security payable in any currency other than that stated in the Security;


 


(g)            make
any change in Sections 6.4 or 9.3 (this sentence); or


 


(h)            waive
a redemption payment with respect to any Security or change any of the provisions with respect to the redemption of any Securities,
except as specifically set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered
pursuant to Section 2.2.


 


Section 9.4         Compliance
with Trust Indenture Act.


 


Every amendment to this
Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies with
the TIA as then in effect.


 


Section 9.5         Revocation
and Effect of Consents.


 


Until an amendment or
waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every subsequent
Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation
of the consent is not made on any Security. However, any such Holder or subsequent Holder may revoke the consent as to his Security
or portion of a Security if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective.


 


Any amendment or waiver
once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the type
described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each
Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences
the same debt as the consenting Holder’s Security.


 


Section 9.6         Notation
on or Exchange of Securities.


 


The Trustee may place
an appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated. The Company in
exchange for Securities of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that
reflect the amendment or waiver.


 


Section 9.7         Trustee
Protected.


 


In executing, or accepting
the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the
trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected
in relying upon, an Officers’ Certificate and an Opinion of Counsel each stating that the execution of such supplemental
indenture is authorized or permitted by this Indenture. The Trustee shall sign all supplemental indentures, except that the Trustee
need not sign any supplemental indenture that adversely affects its rights, duties, liabilities, indemnities or immunities.


 



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ARTICLE X.

SATISFACTION AND DISCHARGE


 


Section 10.1       Satisfaction
and Discharge.


 


This Indenture will be
discharged and will cease to be of further effect as to a Series of Securities issued hereunder, when:


 


(a)            either:


 


(i)            all
such Securities that have been authenticated, except lost, stolen or destroyed Securities that have been replaced or paid and Securities
for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company, have been delivered to the
Trustee for cancellation; or


 


(ii)            all
such Securities that have not been delivered to the Trustee for cancellation have become due and payable by reason of the distribution
of a notice of redemption or otherwise or will become due and payable within one year and the Company has irrevocably deposited
or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders of such Securities, cash
in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, without consideration
of any reinvestment of interest, to pay and discharge the entire Indebtedness on such Securities not delivered to the Trustee for
cancellation for principal, premium, if any, and accrued interest to the date of maturity or redemption;


 


(b)            no
Default or Event of Default has occurred and is continuing on the date of such deposit (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit) and the deposit will not result in a breach or violation of,
or constitute a default under, any other instrument to which the Company or any guarantor, as applicable, of such Securities is
a party or by which the Company or any such guarantor, as applicable, is bound;


 


(c)            the
Company or any guarantor of such Securities has paid or caused to be paid all sums payable by it under this Indenture; and


 


(d)            the
Company has delivered irrevocable instructions to the Trustee for such Securities under this Indenture to apply the deposited money
toward the payment of such Securities at maturity or on the redemption date, as the case may be.


 


In addition, the Company
must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee for such Securities stating that all conditions
precedent to satisfaction and discharge have been satisfied.


 






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Notwithstanding the satisfaction
and discharge of this Indenture, if money has been deposited with the Trustee pursuant to subclause (b) of this Section 10.1,
the provisions of Sections 10.2 and 8.6 hereof will survive. In addition, nothing in this Section 10.1 will be deemed to discharge
those provisions of Section 7.7 hereof, that, by their terms, survive the satisfaction and discharge of this Indenture.


 


Section 10.2       Application
of Trust Money.


 


Subject to the provisions
of Section 8.6 hereof, all money deposited with a Trustee pursuant to Section 10.1 hereof shall be held in trust and
applied by it, in accordance with the provisions of the Securities with respect to which such deposit was made and this Indenture,
to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as such Trustee
may determine, to the persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money
has been deposited with such Trustee; but such money need not be segregated from other funds except to the extent required by law.


 


ARTICLE XI.

MISCELLANEOUS


 


Section 11.1       Trust
Indenture Act Controls.


 


This Indenture is hereby
made subject to, and shall be governed by, the provisions of the TIA required or deemed to be part of and to govern indentures
qualified under the TIA. If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required
or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control.


 


Section 11.2       Notices.


 


Any notice or communication
by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in writing and delivered
in person or mailed by first-class mail:


 


	if to the Company:
	 
	Clearway Energy, Inc.

300 Carnegie Center, Suite 300

Princeton, NJ 08540

Attention: General Counsel

Telephone: (609) 608-1525
	 
	if to the Trustee:
	 
	Delaware Trust Company

251 Little Falls Drive

Wilmington, DE 19808

Attention: Corporate Trust Administration

Telephone: 1-877-374-6010
	


 



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The Company or the Trustee
by notice to the other may designate additional or different addresses for subsequent notices or communications.


 


Any notice or communication
to a Securityholder shall be mailed by first-class mail to his address shown on the register kept by the Registrar. Failure to
mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with
respect to other Securityholders of that or any other Series.


 


If a notice or communication
is mailed or published in the manner provided above, within the time prescribed, it is duly given, whether or not the Securityholder
receives it.


 


If the Company mails
a notice or communication to Securityholders, it shall mail a copy to the Trustee and each Agent at the same time.


 


Section 11.3       Communication
by Holders with Other Holders.


 


Securityholders of any
Series may communicate pursuant to TIA § 312(b) with other Securityholders of that Series or any other
Series with respect to their rights under this Indenture or the Securities of that Series or all Series. The Company,
the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c).


 


Section 11.4       Certificate
and Opinion as to Conditions Precedent.


 


Upon any request or application
by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee:


 


(a)            an
Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this
Indenture relating to the proposed action have been complied with; and


 


(b)            an
Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with.


 


Section 11.5       Statements
Required in Certificate or Opinion.


 


Each certificate or opinion
with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant
to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include:


 


(a)            a
statement that the person making such certificate or opinion has read such covenant or condition;


 


(b)            a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained
in such certificate or opinion are based;


 






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(c)            a
statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to express
an informed opinion as to whether or not such covenant or condition has been complied with; and


 


(d)            a
statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with.


 


Section 11.6       Rules by
Trustee and Agents.


 


The Trustee may make
reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules and
set reasonable requirements for its functions.


 


Section 11.7       Legal
Holidays.


 


Unless otherwise provided
by Board Resolution, Officers’ Certificate or supplemental indenture hereto for a particular Series, a “Legal Holiday”
is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment may be made at that
place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.


 


Section 11.8       No
Recourse Against Others.


 


A director, officer,
employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities
or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder
by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue
of the Securities.


 


Section 11.9       Counterparts;
Electronic Signatures.


 


This Indenture may be
executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together shall constitute one and the same agreement. Each of the transaction
parties agrees on behalf of itself, and any Person acting or claiming by, under or through such transaction party, that any written
instrument delivered in connection with this Indenture or any related document, including without limitation any amendments or
supplements to such documents, may be executed by electronic methods (whether by .pdf scan or utilization of an electronic signature
platform or application). Any electronic signature document delivered via email from a person authorized on an incumbency certificate
provided by the Company to the Trustee shall be considered signed or executed by such person on behalf of the Company. The Company
agrees to assume all risks arising out of the use of electronic methods for all purposes including the authorization, execution,
delivery, or submission of documents, instruments, notices, directions, instructions, reports, opinions and certificates to
the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception
and misuse by third parties. Any electronic signature shall have the same legal validity and enforceability as a manually executed
signature to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any similar federal or state law, rule or regulation,
as the same may be in effect from time to time, and the parties hereby waive any objection to the contrary. Any document accepted,
executed or agreed to in conformity with such laws will be binding on all parties hereto to the same extent as if it were physically
executed and each party hereby consents to the use of any third party electronic signature capture service providers as may be
reasonably chosen by a signatory hereto.


 



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Section 11.10     Governing
Laws.


 


THE INTERNAL LAW
OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE SECURITIES AND ANY GUARANTEES OF THE SECURITIES
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY.


 


Section 11.11     No
Adverse Interpretation of Other Agreements.


 


This Indenture may not
be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such indenture,
loan or debt agreement may not be used to interpret this Indenture.


 


Section 11.12     Successors.


 


All agreements of the
Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind
its successor.


 


Section 11.13     Severability.


 


In case any provision
in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.


 


Section 11.14     Table
of Contents, Headings, Etc.


 


The Table of Contents,
Cross-Reference Table, and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference
only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.


 


ARTICLE XII.

SINKING FUNDS


 


Section 12.1       Applicability
of Article.


 


The provisions of this
Article shall be applicable to any sinking fund for the retirement of the Securities of a Series, except as otherwise permitted
or required by any form of Security of such Series issued pursuant to this Indenture.


 






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The minimum amount of
any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a “mandatory
sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred
to as an “optional sinking fund payment.” If provided for by the terms of Securities of any Series, the cash amount
of any sinking fund payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied
to the redemption of Securities of any Series as provided for by the terms of the Securities of such Series.


 


Section 12.2       Satisfaction
of Sinking Fund Payments with Securities.


 


The Company may, in satisfaction
of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms
of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable
(other than any of such Securities previously called for mandatory sinking fund redemption) and (2) apply as credit Securities
of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed
either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory
sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to
the terms of such Securities, provided that such Securities have not been previously so credited. Such Securities shall be received
by the Trustee, together with an Officers’ Certificate with respect thereto, not later than 15 days prior to the date on
which the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee
at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund
payment shall be reduced accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant
to this Section 12.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid
cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon
receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and
applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to
time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such
Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid
principal amount equal to the cash payment required to be released to the Company.


 


Section 12.3       Redemption
of Securities for Sinking Fund.


 


Not less than 45 days
(unless otherwise indicated in the Board Resolution, supplemental indenture or Officers’ Certificate in respect of a particular
Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver
to the Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that
Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and
the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to
Section 12.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and
the Company shall thereupon be obligated to pay the amount therein specified.


 






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Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officers’ Certificate or supplemental indenture in respect of a particular
Series of Securities) before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon
such sinking fund payment date in the manner specified in Section 3.2 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 3.3. Such notice having been duly given,
the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6.


 


Section 12.4       Compliance
with Applicable Anti-Terrorism and Anti-Money Laundering Regulations.


 


In order to comply with
laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating
to the funding of terrorist activities and money laundering (“Relevant Law”), the Trustee is required to obtain, verify
and record certain information relating to individuals and entities which maintain a business relationship with the Trustee. Accordingly,
each of the parties agrees to provide to the Trustee upon its request from time to time such identifying information and documentation
as may be available for such party in order to enable the Trustee to comply with Relevant Law.


 


[Signatures on following page]


 






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IN WITNESS WHEREOF, the
parties hereto have caused this Indenture to be duly executed and attested, all as of the day and year first above written.


 


	 	CLEARWAY ENERGY, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:





 






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