formofindenture.htm


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    EXHIBIT
      4.1

     

    


    


    


    CS
      FINANCING CORPORATION

     

    SUBORDINATED
      5 YEAR NOTES

     

    


    
      


    

    


    


     

    INDENTURE

     

    DATED
      AS OF NOVEMBER 7, 2005

     

    


    
      


    

    


    


     

    U.S.
      BANK NATIONAL ASSOCIATION

     

    AS

     

    TRUSTEE

    



    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    


     

    TABLE
      OF CONTENTS

     

     

    ARTICLE
      1

     

     

    DEFINITIONS
      AND INCORPORATION BY REFERENCE

     

    
      	
               

            	
              Section
                1.1.  Definitions.....................................................................................................................................................................................................................................................................................................................................................................................................................1

            


    

    
      	
               

            	
              Section
                1.2.  Other
                Definitions..........................................................................................................................................................................................................................................................................................................................................................................................................2

            


    

    
      	
               

            	
              Section
                1.3.  Incorporation by Reference of
                TIA...........................................................................................................................................................................................................................................................................................................................................................................3

            


    

    
      	
               

            	
              Section
                1.4.  Rules of
                Construction..................................................................................................................................................................................................................................................................................................................................................................................................3

            


    

     

    ARTICLE
      2

     

     

    THE
      5 YEAR NOTES

     

    
      	
               

            	
              Section
                2.1.  Form and
                Dating............................................................................................................................................................................................................................................................................................................................................................................................................3

            


    

    
      	
               

            	
              Section
                2.2.  Terms...............................................................................................................................................................................................................................................................................................................................................................................................................................3

            


    

    
      	
               

            	
              Section
                2.3.  Execution........................................................................................................................................................................................................................................................................................................................................................................................................................4

            


    

    
      	
               

            	
              Section
                2.4.  Registrar and Paying
                Agent........................................................................................................................................................................................................................................................................................................................................................................................4

            


    

    
      	
               

            	
              Section
                2.5.  Paying Agent to Hold Money in
                Trust......................................................................................................................................................................................................................................................................................................................................................................4

            


    

    
      	
               

            	
              Section
                2.6.  Certificateholder
                Lists...................................................................................................................................................................................................................................................................................................................................................................................................5

            


    

    
      	
               

            	
              Section
                2.7.  Transfer and
                Exchange.................................................................................................................................................................................................................................................................................................................................................................................................5

            


    

    
      	
               

            	
              Section
                2.8.  Replacement 5 Year
                Notes............................................................................................................................................................................................................................................................................................................................................................................................5

            


    

    
      	
               

            	
              Section
                2.9.  Outstanding 5 Year Notes............................................................................................................................................................................................................................................................................................................................................................................................5

            


    

    
      	
               

            	
              Section
                2.10.  Treasury 5 Year
                Notes................................................................................................................................................................................................................................................................................................................................................................................................6

            


    

    
      	
               

            	
              Section
                2.11.  Temporary 5 Year
                Notes.............................................................................................................................................................................................................................................................................................................................................................................................6

            


    

    
      	
               

            	
              Section
                2.12.  Cancellation..................................................................................................................................................................................................................................................................................................................................................................................................................6

            


    

     

    ARTICLE
      3

     

     

    REDEMPTION

     

    
      	
               

            	
              Section
                3.1.  Applicability of
                Article.................................................................................................................................................................................................................................................................................................................................................................................................6

            


    

    
      	
               

            	
              Section
                3.2.  Notices to
                Trustee.........................................................................................................................................................................................................................................................................................................................................................................................................6

            


    

    
      	
               

            	
              Section
                3.3.  Selection of 5 Year Notes to be
                Redeemed................................................................................................................................................................................................................................................................................................................................................................7

            


    

    
      	
               

            	
              Section
                3.4.  Notice of
                Redemption...................................................................................................................................................................................................................................................................................................................................................................................................7

            


    

    
      	
               

            	
              Section
                3.5.  Effect of Notice of
                Redemption...................................................................................................................................................................................................................................................................................................................................................................................8

            


    

    
      	
               

            	
              Section
                3.6.  Deposit of Redemption
                Price.......................................................................................................................................................................................................................................................................................................................................................................................8

            


    

    
      	
               

            	
              Section
                3.7.  5 Year Notes Redeemed in
                Part...................................................................................................................................................................................................................................................................................................................................................................................8

            


    

    
      	
               

            	
              Section
                3.8.  Redemption if Balance Falls Below
                $5,000.................................................................................................................................................................................................................................................................................................................................................................8

            


    

     

    ARTICLE
      4

     

     

    COVENANTS

     

    
      	
               

            	
              Section
                4.1.  Payment of 5 Year
                Notes..............................................................................................................................................................................................................................................................................................................................................................................................8

            


    

    
      	
               

            	
              Section
                4.2.  SEC
                Reports...................................................................................................................................................................................................................................................................................................................................................................................................................8

            


    

    
      	
               

            	
              Section
                4.3.  Compliance
                Certificate..................................................................................................................................................................................................................................................................................................................................................................................................9

            


    

    
      	
               

            	
              Section
                4.4.  Usury
                Laws....................................................................................................................................................................................................................................................................................................................................................................................................................9

            


    

    
      	
               

            	
              Section
                4.5.  Money for 5 Year Note Payments to be Held in
                Trust............................................................................................................................................................................................................................................................................................................................................9

            


    

    
      	
               

            	
              Section
                4.6.  Continued
                Existence...................................................................................................................................................................................................................................................................................................................................................................................................10

            


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


     

    ARTICLE
      5

     

     

    SUCCESSORS

     

    
      	
               

            	
              Section
                5.1.  When Company May Merge,
                Etc............................................................................................................................................................................................................................................................................................................................................................................10

            


    

     

    ARTICLE
      6

     

     

    DEFAULTS
      AND REMEDIES

     

    
      	
               

            	
              Section
                6.1.  Events of
                Default.........................................................................................................................................................................................................................................................................................................................................................................................................10

            


    

    
      	
               

            	
              Section
                6.2.  Acceleration.................................................................................................................................................................................................................................................................................................................................................................................................................11

            


    

    
      	
               

            	
              Section
                6.3.  Other
                Remedies............................................................................................................................................................................................................................................................................................................................................................................................................12

            


    

    
      	
               

            	
              Section
                6.4.  Waiver of Past
                Defaults..............................................................................................................................................................................................................................................................................................................................................................................................12

            


    

    
      	
               

            	
              Section
                6.5.  Control by
                Majority.....................................................................................................................................................................................................................................................................................................................................................................................................12

            


    

    
      	
               

            	
              Section
                6.6.  Limitation on
                Suits.......................................................................................................................................................................................................................................................................................................................................................................................................12

            


    

    
      	
               

            	
              Section
                6.7.  Rights of Holders to Receive
                Payment.....................................................................................................................................................................................................................................................................................................................................................................13

            


    

    
      	
               

            	
              Section
                6.8.  Collection Suit by
                Trustee..........................................................................................................................................................................................................................................................................................................................................................................................13

            


    

    
      	
               

            	
              Section
                6.9.  Trustee May File Proofs of
                Claim..............................................................................................................................................................................................................................................................................................................................................................................13

            


    

    
      	
               

            	
              Section
                6.10.  Priorities......................................................................................................................................................................................................................................................................................................................................................................................................................13

            


    

    
      	
               

            	
              Section
                6.11.  Undertaking for
                Costs..............................................................................................................................................................................................................................................................................................................................................................................................14

            


    

     

    ARTICLE
      7

     

     

    TRUSTEE

     

    
      	
               

            	
              Section
                7.1.  Duties of
                Trustee.........................................................................................................................................................................................................................................................................................................................................................................................................14

            


    

    
      	
               

            	
              Section
                7.2.  Rights of
                Trustee.........................................................................................................................................................................................................................................................................................................................................................................................................15

            


    

    
      	
               

            	
              Section
                7.3.  Individual Rights of
                Trustee......................................................................................................................................................................................................................................................................................................................................................................................16

            


    

    
      	
               

            	
              Section
                7.4.  Trustee’s
                Disclaimer....................................................................................................................................................................................................................................................................................................................................................................................................16

            


    

    
      	
               

            	
              Section
                7.5.  Notice of
                Defaults........................................................................................................................................................................................................................................................................................................................................................................................................16

            


    

    
      	
               

            	
              Section
                7.6.  Reports by Trustee to
                Holders..................................................................................................................................................................................................................................................................................................................................................................................16

            


    

    
      	
               

            	
              Section
                7.7.  Compensation and
                Indemnity....................................................................................................................................................................................................................................................................................................................................................................................17

            


    

    
      	
               

            	
              Section
                7.8.  Replacement of
                Trustee..............................................................................................................................................................................................................................................................................................................................................................................................17

            


    

    
      	
               

            	
              Section
                7.9.  Successor Trustee by Merger,
                Etc............................................................................................................................................................................................................................................................................................................................................................................18

            


    

    
      	
               

            	
              Section
                7.10.  Eligibility;
                Disqualification.......................................................................................................................................................................................................................................................................................................................................................................................19

            


    

    
      	
               

            	
              Section
                7.11.  Preferential Collection of Claims Against
                Company............................................................................................................................................................................................................................................................................................................................................19

            


    

     

    ARTICLE
      8

     

     

    DISCHARGE
      OF INDENTURE; DEFEASANCE

     

    
      	
               

            	
              Section
                8.1.  Termination of Company’s
                Obligations...................................................................................................................................................................................................................................................................................................................................................................19

            


    

    
      	
               

            	
              Section
                8.2.  Legal Defeasance and Covenant
                Defeasance.........................................................................................................................................................................................................................................................................................................................................................20

            


    

    
      	
               

            	
              Section
                8.3.  Conditions to Legal Defeasance or Covenant
                Defeasance...................................................................................................................................................................................................................................................................................................................................21

            


    

    
      	
               

            	
              Section
                8.4.  Application of Trust
                Money......................................................................................................................................................................................................................................................................................................................................................................................22

            


    

    
      	
               

            	
              Section
                8.5.  Repayment to the
                Company.......................................................................................................................................................................................................................................................................................................................................................................................22

            


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


     

    ARTICLE
      9

     

     

    AMENDMENTS

     

    
      	
               

            	
              Section
                9.1.  Without Consent of
                Holders.....................................................................................................................................................................................................................................................................................................................................................................................23

            


    

    
      	
               

            	
              Section
                9.2.  With Consent of
                Holders...........................................................................................................................................................................................................................................................................................................................................................................................23

            


    

    
      	
               

            	
              Section
                9.3.  Compliance with Trust Indenture
                Act.....................................................................................................................................................................................................................................................................................................................................................................24

            


    

    
      	
               

            	
              Section
                9.4.  Revocation and Effect of
                Consents.........................................................................................................................................................................................................................................................................................................................................................................24

            


    

    
      	
               

            	
              Section
                9.5.  Notation on or Exchange of 5 Year
                Notes...............................................................................................................................................................................................................................................................................................................................................................24

            


    

    
      	
               

            	
              Section
                9.6.  Trustee
                Protected........................................................................................................................................................................................................................................................................................................................................................................................................24

            


    

     

    ARTICLE
      10

     

     

    SUBORDINATION

     

    
      	
               

            	
              Section
                10.1.  Agreement to
                Subordinate.......................................................................................................................................................................................................................................................................................................................................................................................24

            


    

    
      	
               

            	
              Section
                10.2.  Certain
                Definitions.....................................................................................................................................................................................................................................................................................................................................................................................................25

            


    

    
      	
               

            	
              Section
                10.3.  Liquidation; Dissolution;
                Bankruptcy....................................................................................................................................................................................................................................................................................................................................................................25

            


    

    
      	
               

            	
              Section
                10.4.  Default on Senior
                Debt.............................................................................................................................................................................................................................................................................................................................................................................................26

            


    

    
      	
               

            	
              Section
                10.5.  Acceleration of 5 Year
                Notes...................................................................................................................................................................................................................................................................................................................................................................................26

            


    

    
      	
               

            	
              Section
                10.6.  When Distribution Must Be Paid
                Over..................................................................................................................................................................................................................................................................................................................................................................26

            


    

    
      	
               

            	
              Section
                10.7.  Notice by
                Company...................................................................................................................................................................................................................................................................................................................................................................................................27

            


    

    
      	
               

            	
              Section
                10.8.  Subrogation................................................................................................................................................................................................................................................................................................................................................................................................................27

            


    

    
      	
               

            	
              Section
                10.9.  Relative
                Rights...........................................................................................................................................................................................................................................................................................................................................................................................................27

            


    

    
      	
               

            	
              Section
                10.10.  Subordination may not be Impaired by
                Company..............................................................................................................................................................................................................................................................................................................................................28

            


    

    
      	
               

            	
              Section
                10.11.  Distribution or Notice to
                Representative.............................................................................................................................................................................................................................................................................................................................................................28

            


    

    
      	
               

            	
              Section
                10.12.  Rights of Trustee and Paying
                Agent....................................................................................................................................................................................................................................................................................................................................................................28

            


    

    
      	
               

            	
              Section
                10.13.  Trust Moneys Not
                Subordinated..........................................................................................................................................................................................................................................................................................................................................................................28

            


    

    
      	
               

            	
              Section
                10.14.  Trustee Not Fiduciary for Holders of Senior
                Debt.............................................................................................................................................................................................................................................................................................................................................28

            


    

     

    ARTICLE
      11

     

     

    MISCELLANEOUS

     

    
      	
               

            	
              Section
                11.1.  TIA
                Controls..............................................................................................................................................................................................................................................................................................................................................................................................................29

            


    

    
      	
               

            	
              Section
                11.2.  Notices........................................................................................................................................................................................................................................................................................................................................................................................................................29

            


    

    
      	
               

            	
              Section
                11.3.  Communication by Holders With Other
                Holders..................................................................................................................................................................................................................................................................................................................................................29

            


    

    
      	
               

            	
              Section
                11.4.  Certificate and Opinion as to Conditions
                Precedent............................................................................................................................................................................................................................................................................................................................................29

            


    

    
      	
               

            	
              Section
                11.5.  Statements Required in Certificate or
                Opinion......................................................................................................................................................................................................................................................................................................................................................30

            


    

    
      	
               

            	
              Section
                11.6.  Rules by Trustee and
                Agents..................................................................................................................................................................................................................................................................................................................................................................................30

            


    

    
      	
               

            	
              Section
                11.7.  Legal
                Holidays...........................................................................................................................................................................................................................................................................................................................................................................................................30

            


    

    
      	
               

            	
              Section
                11.8.  No Recourse Against
                Others..................................................................................................................................................................................................................................................................................................................................................................................30

            


    

    
      	
               

            	
              Section
                11.9.  Duplicate
                Originals....................................................................................................................................................................................................................................................................................................................................................................................................30

            


    

    
      	
               

            	
              Section
                11.10.  Variable
                Provisions..................................................................................................................................................................................................................................................................................................................................................................................................31

            


    

    
      	
               

            	
              Section
                11.11.  Governing
                Law.........................................................................................................................................................................................................................................................................................................................................................................................................31

            


    

    
      	
               

            	
              Section
                11.12.  No Adverse Interpretation of Other
                Agreements...............................................................................................................................................................................................................................................................................................................................................31

            


    

    
      	
               

            	
              Section
                11.13.  Successors................................................................................................................................................................................................................................................................................................................................................................................................................31

            


    

    
      	
               

            	
              Section
                11.14.  Severability...............................................................................................................................................................................................................................................................................................................................................................................................................32

            


    

    



    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    


    INDENTURE
      dated as of November 7, 2005, between CS Financing Corporation, a Delaware
      corporation (“Company”), and U.S. Bank National Association, a national banking
      association (“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 Company’s 5 Year Notes:

     

    ARTICLE
      1

     

    DEFINITIONS
      AND INCORPORATION BY REFERENCE

     

    
      	
              Section
                1.1.  

            	
              Definitions.   

            


    

     

    “Affiliate”
      means any person directly or indirectly controlling or controlled by or under
      direct or indirect common control with the Company.

     

    “Agent”
      means any Registrar, Paying Agent or co-registrar.

     

    “Board
      of Directors” means the Board of Directors of the Company or any
      authorized committee of the Board.

     

    “Company”
      means the party named as such above until a successor replaces it and thereafter
      means the successor or any other obligor with respect to the 5 Year
      Notes.

     

    “Company
      Order” means an order signed in the name of the Company by its
      President or a Vice President, and by its Treasurer or Secretary, and delivered
      to the Trustee.

     

    “Date
      of Issue” means the date that the Company receives proper documentation
      and the funds for the purchase of a 5 Year Note if such funds are received
      prior
      to 3:00 p.m. on a business day or the next business day if the Company receives
      such funds on a non-business day or after 3:00 p.m. on a business day. For
      this
      purpose, the Company’s business days will be deemed to be Monday through Friday,
      except on Minnesota legal holidays.

     

    “Default”
      means any event which is, or after notice or passage of time would be, an Event
      of Default.

     

    “5
      Year Notes” means the 5 Year Notes described herein issued under this
      Indenture.

     

    “Holder”
      or “Certificateholder” means a person in whose name a 5 Year
      Note is registered.

     

    “Indenture”
      means this Indenture as amended from time to time.

     

    “Officers’
      Certificate” means a certificate signed by an officer of the
      Company.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

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

     

    “Person”
      means any individual, corporation, partnership, joint venture, association,
      joint stock company, trust, unincorporated organization or government or any
      agency or political subdivision thereof.

     

    “Principal”
      of a debt security means the principal of the security plus the premium, if
      any,
      on the security.

     

    “SEC”
      means the United States Securities and Exchange Commission.

     

    “Stated
      Maturity,” when used with respect to a 5 Year Note, means the date
      specified in such 5 Year Note as the fixed date on which the principal of such
      5
      Year Note and any accrued but unpaid interest is due and payable.

     

    “Subsidiary”
      means any person of which at least a majority of capital stock having ordinary
      voting power for the election of directors or other governing body of such
      person is owned by the Company directly or through one or more
      subsidiaries.

     

    “TIA”
      means the Trust Indenture Act of 1939 as in effect on the date of execution
      of
      this Indenture.

     

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

     

    “Trust
      Officer” means the Chairman of the Board, the President or any other
      officer or assistant officer of the Trustee assigned by the Trustee to
      administer its corporate trust matters.

     

    
      	
              Section
                1.2.  

            	
              Other
                Definitions.

            


    

     

    Defined
      in

    Term                                                                                                                                      
      Section

    


    “Additional
      Interest”                                                                                                               
 2.2(b)

    “Bankruptcy
      Law”                                                                                                                     6.1

    “Custodian”                                                                                                                                
      6.1

    “Debt”                                                                                                                                        
      10.2

    “Event
      of
      Default”                                                                                                                      
6.1

    “Legal
      Holiday”                                                                                                                        
11.7

    “Officer”                                                                                                                                  
       11.10

    “Representative”                                                                                                                      10.2

    “Senior
      Debt”                                                                                                                          
10.2

    “U.S.
      Government
      Obligations”                                                                                             
8.1

    


    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
              Section
                1.3.  

            	
              Incorporation
                by Reference of TIA.

            


    

     

    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:

     

    “Indenture
      Securities” means the 5 Year Notes;

     

    “Indenture
      Security Holder” means a Certificateholder;

     

    “Indenture
      to be Qualified” means this Indenture;

     

    “Indenture
      Trustee” or“Institutional Trustee” means the Trustee;
      and

     

    “Obligor”
      on the 5 Year Notes means the Company.

     

    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 have the
      meanings assigned to them.

     

    
      	
              Section
                1.4.  

            	
              Rules
                of Construction.

            


    

     

    Unless
      the context otherwise requires:

     

    
      	
              (1)  

            	
              a
                term has the meaning assigned to
                it;

            


    

     

    
      	
              (2)  

            	
              an
                accounting term not otherwise defined has the meaning assigned to
                it in
                accordance with United States generally accepted accounting principles
                in
                effect on the date of execution of this
                Indenture;

            


    

     

    
      	
              (3)  

            	
              “or”
                is not exclusive;

            


    

     

    
      	
              (4)  

            	
              words
                in the singular include the plural, and in the plural include the
                singular; and

            


    

     

    
      	
              (5)  

            	
              provisions
                apply to successive events and
                transactions.

            


    

     

    ARTICLE
      2

     

    THE
      5 YEAR NOTES

     

    
      	
              Section
                2.1.  

            	
              Form
                and Dating.

            


    

     

    The
      5
      Year Notes shall be substantially in the form of EXHIBIT A, with such
      appropriate insertions, omissions, substitutions and other variations required
      or permitted by this Indenture. The 5 Year Notes may have notations, legends
      or
      endorsements required by law, stock exchange rule or usage.

     

    
      	
              Section
                2.2.  

            	
              Terms.

            


    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
              (a)  

            	
              Amount
                Unlimited; Terms. The aggregate principal amount of 5 Year Notes
                which may be delivered under this Indenture is unlimited. 5 Year
                Notes may
                be issued in one or more series. The initial aggregate principal
                amount of
                the 5 Year Notes to be delivered under this Indenture shall be
                $100,000,000. The aggregate principal amount may be increased, without
                the
                need for approval of any Holders or the Trustee by means of Company
                Order,
                as set forth in Section 9.1.

            


    

     

    
      	
              (b)  

            	
              Interest.
                The interest rate payable on any 5 Year Note shall be a fixed rate
                of 10%
                per annum.

            


    

     

    
      	
              (c)  

            	
              Subordination.
                The 5 Year Notes shall be subordinated and junior in right of payment
                to
                all Senior Debt of the Company as provided in Article
                10.

            


    

     

    
      	
              Section
                2.3.  

            	
              Execution. 

            


    

     

    Two
      Officers, consisting of the President or a Vice President and the Treasurer
      or
      Secretary, shall sign the 5 Year Notes for the Company by manual or facsimile
      signature.

     

    If
      an
      Officer whose signature is on a 5 Year Note no longer holds that office at
      the
      time the 5 Year Note is delivered, the 5 Year Note shall nevertheless be
      valid.

     

    
      	
              Section
                2.4.  

            	
              Registrar
                and Paying Agent. 

            


    

     

    The
      Company shall maintain an office or agency where 5 Year Notes may be presented
      for registration of transfer or for exchange (“Registrar”) and
      an office or agency where 5 Year Notes may be presented for payment
      (“Paying Agent”). The Registrar shall keep a register of the 5
      Year Notes and of their transfer and exchange. The Company may appoint one
      or
      more co-registrars and one or more additional paying agents. The Company may
      change any Paying Agent, Registrar or co-registrar without notice to any
      Certificateholder. The term “Paying Agent” includes any
      additional paying agent. The Company shall notify the Trustee of the name and
      address of any agent not a party to this Indenture. The Company or any of its
      subsidiaries may act as Paying Agent or Registrar. The Company initially
      appoints itself as Paying Agent and Registrar.

     

    
      	
              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
      Certificateholders or the Trustee all money held by the Paying Agent for the
      payment of principal or interest on the 5 Year Notes, and will notify the
      Trustee of any failure by the Company in making any such payment. While any
      such
      failure 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 shall have no further liability for the money. If the Company
      acts
      as Paying 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    Agent,
      it
      shall segregate and hold in a separate bank account for the benefit of the
      Certificateholders all money held by it as Paying Agent. The Paying Agent may
      charge for its expenses in issuing a replacement interest check.

     

    
      	
              Section
                2.6.  

            	
              Certificateholder
                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
      Certificateholders. If the Trustee is not the Registrar, the Company shall
      timely furnish to the Trustee the changes in this list and will furnish an
      updated list of the names and addresses of Certificateholders in such form
      and
      as of such date and at such other times as the Trustee may request in
      writing.

     

    
      	
              Section
                2.7.  

            	
              Transfer
                and Exchange.

            


    

     

    Where
      5
      Year Notes are presented to the Registrar or a co-registrar with a request
      to
      register, transfer or to exchange them for an equal principal amount of 5 Year
      Notes but of other denominations, the Registrar shall register the transfer
      or
      make the exchange if its requirements for such transactions are met. To permit
      registrations of transfer and exchanges, the Company shall issue 5 Year Notes
      at
      the Registrar’s request. The Company may charge for its expenses in transferring
      or exchanging a 5 Year Note.

     

    The
      Company shall not be required (i) to issue, transfer or exchange any 5 Year
      Note
      during a period beginning at the opening of business 15 days before the day
      of
      the mailing of a notice of redemption of 5 Year Notes selected for redemption
      pursuant to Section 3.3 and ending at the close of business on the date of
      such
      redemption, or (ii) to transfer or exchange any 5 Year Note selected for
      redemption in whole or in part.

     

    
      	
              Section
                2.8.  

            	
              Replacement
                5 Year Notes.

            


    

     

    If
      the
      Holder of a 5 Year Note claims that the 5 Year Note has been lost, destroyed
      or
      wrongfully taken, the Company shall issue a replacement 5 Year Note if the
      Trustee’s requirements are met. If required by the Trustee or the Company, an
      indemnity bond must be sufficient in the judgment of both the Company and the
      Trustee to protect the Company, the Trustee or any Agent from any loss which
      any
      of them may suffer if a 5 Year Note is replaced.

     

    The
      Trustee may waive such indemnity bond if so instructed by the Company. The
      Company may charge for its expenses in replacing a 5 Year Note.

     

    Every
      replacement 5 Year Note is an additional obligation of the Company.

     

    
      	
              Section
                2.9.  

            	
              Outstanding
                5 Year Notes.

            


    

     

    The
      5
      Year Notes outstanding at any time are all of the 5 Year Notes delivered by
      the
      Company pursuant to this Indenture except for those canceled by it, those


     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    delivered
      to it for cancellation, and thosedescribed
      in this Section as not outstanding.

     

    If
      a 5
      Year Note is replaced pursuant to Section 2.8, it ceases to be outstanding
      unless the Trustee receives proof satisfactory to it that the replaced 5 Year
      Note is held by a bona fide purchaser.

     

    If
      5 Year
      Notes are considered paid under Section 4.1, they cease to be outstanding and
      interest on them ceases to accrue.

     

    
      	
              Section
                2.10.  

            	
              Treasury
                5 Year Notes.

            


    

     

    In
      determining whether the Holders of the required principal amount of the 5 Year
      Notes have concurred in any direction, waiver or consent, 5 Year Notes owned
      by
      the Company or an Affiliate shall be disregarded, except that for the purposes
      of determining whether the Trustee shall be protected in relying on any such
      direction, waiver or consent, only 5 Year Notes which the Trustee knows are
      so
      owned shall be so disregarded.

     

    
      	
              Section
                2.11.  

            	
              Temporary
                5 Year Notes.

            


    

     

    Until
      definitive 5 Year Notes are ready for delivery, the Company may prepare
      temporary 5 Year Notes. Temporary 5 Year Notes shall be substantially in the
      form of definitive 5 Year Notes but may have variations that the Company
      considers appropriate. Without unreasonable delay, the Company shall prepare
      definitive 5 Year Notes in exchange for temporary 5 Year Notes.

     

    
      	
              Section
                2.12.  

            	
               Cancellation.

            


    

     

     The
      Company at any time
      may deliver 5 Year Notes to the Trustee for cancellation. The Registrar and
      Paying Agent shall forward to the Trustee any 5 Year Notes surrendered to them
      for registration of transfer, exchange or payment. The Trustee shall cancel
      all
      5 Year Notes surrendered for registration of transfer, exchange, payment,
      replacement or cancellation and shall dispose of canceled 5 Year Notes as the
      Company directs. The Company may not issue new 5 Year Notes to replace 5 Year
      Notes that it has paid or that have been delivered to the Trustee for
      cancellation.

     

    ARTICLE
      3

     

    REDEMPTION

     

    
      	
              Section
                3.1.  

            	
              Applicability
                of Article.

            


    

     

    Redemption
      of 5 Year Notes at the election of the Company, as permitted or required by
      any
      provision of this Indenture, shall be made in accordance with such provision
      and
      this Article.

     

    
      	
              Section
                3.2.  

            	
              Notices
                to Trustee.

            


    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     If
      the Company wants to
      redeem the 5 Year Notes pursuant to paragraph 2 of the 5 Year Notes, it shall
      notify the Trustee by Officers’ Certificate of the redemption date and the
      principal amount of 5 Year Notes to be redeemed. The Company shall give each
      notice provided for in this Section at least fifty (50) days before the
      redemption date.

     

    
      	
              Section
                3.3.  

            	
              Selection
                of 5 Year Notes to be Redeemed.

            


    

     

     If
      fewer than all the 5
      Year Notes are to be redeemed, the Company shall select the 5 Year Notes to
      be
      redeemed by daily balance range, and so inform the Trustee by Officers’
Certificate, subject to the remainder of this Section. If less than all of
      a
      grouping of 5 Year Notes, as specified by Officers’ Certificate, are to be
      redeemed, the portion thereof selected for redemption shall be determined
      ratably or by lot. If fewer than all of such grouping of 5 Year Notes as
      specified by Officers’ Certificate are to be redeemed, the Trustee shall then
      make the selection not more than fifty (50) days before the redemption date
      from
      5 Year Notes outstanding not previously called for redemption. The Trustee
      may
      select for redemption portions of the principal of 5 Year Notes that have
      denominations greater than $5,000. Provisions of this Indenture that apply
      to 5
      Year Notes called for redemption also apply to portions of 5 Year Notes called
      for redemption. The Trustee shall notify the Company promptly of the 5 Year
      Notes or portions of 5 Year Notes to be called for redemption.

     

    
      	
              Section
                3.4.  

            	
              Notice
                of Redemption.

            


    

     

    At
      least
      thirty (30) days but not more than sixty (60) days before a redemption date,
      the
      Company shall mail a notice of redemption by first-class mail to each Holder
      of
      5 Year Notes whose 5 Year Notes are to be redeemed.

     

    The
      notice shall identify the 5 Year Notes to be redeemed and shall
      state:

     

    
      	
              (1)  

            	
              the
                redemption date;

            


    

     

    
      	
              (2)  

            	
              the
                redemption price, which shall be equal to 100% of the principal amount
                of
                the 5 Year Note plus accrued interest on a daily basis to the redemption
                date;

            


    

     

    
      	
              (3)  

            	
              the
                name and address of the Paying
                Agent;

            


    

     

    
      	
              (4)  

            	
              that
                5 Year Notes called for redemption must be surrendered to the Paying
                Agent
                to collect the redemption price;
                and

            


    

     

    
      	
              (5)  

            	
              that
                interest on 5 Year Notes
                called for redemption ceases to accrue on and after the redemption
                date. 

            


    

     

    At
      the
      Company’s request, the Trustee shall give the notice of redemption in the
      Company’s name and at its expense.

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              Section
                3.5.  

            	
              Effect
                of Notice of Redemption.

            


    

     

     Once
      notice of redemption
      is mailed, 5 Year Notes called for redemption become due and payable on the
      redemption date at the redemption price.

     

    
      	
              Section
                3.6.  

            	
              Deposit
                of Redemption Price.

            


    

     

     On
      or before the
      redemption date, the Company shall deposit with the Paying Agent, or if the
      Company is acting as Paying Agent it shall deposit into a separate bank account
      pursuant to Section 2.5 hereof, money sufficient to pay the redemption price
      of
      and accrued interest on all 5 Year Notes to be redeemed on that
      date.

     

    
      	
              Section
                3.7.  

            	
              5
                Year Notes Redeemed in Part.

            


    

     

     Upon
      surrender of a 5 Year
      Note that is redeemed in part, the Company shall issue for the Holder a new
      5
      Year Note equal in principal amount to the unredeemed portion of the 5 Year
      Note
      surrendered.

     

    
      	
              Section
                3.8.  

            	
              Redemption
                if Balance Falls Below $25,000.

            


    

     

    The
      Company may, in its sole discretion, redeem any 5 Year Note in full if the
      principal balance of such 5 Year Note falls below $25,000 at any time. The
      redemption price shall be equal to 100% of the principal amount of the 5 Year
      Note plus accrued interest on a daily basis to the redemption date. This
      redemption right of the Company shall be automatic and no advance notice is
      required.

     

    ARTICLE
      4

     

    COVENANTS

     

    
      	
              Section
                4.1.  

            	
              Payment
                of 5 Year Notes.

            


    

     

    The
      Company shall pay the principal of and interest on the 5 Year Notes upon demand
      of the Holder in the manner provided in the 5 Year Notes. Principal and interest
      shall be considered paid on the date due if the Paying Agent holds on that
      date
      money designated for and sufficient to pay all principal and interest then
      due.

     

    
      	
              Section
                4.2.  

            	
              SEC
                Reports.

            


    

     

    The
      Company shall file with the Trustee within fifteen (15) days after it files
      them
      with the SEC copies of the annual reports and quarterly reports and of the
      information, documents, and other reports (or copies of such portions of any
      of
      the foregoing as the SEC may by rules and regulations prescribe) for the 5
      Year
      Notes which the Company may be required to file with the SEC pursuant to Section
      13 or Section 15(d) of the Securities Exchange Act of 1934, as amended. The
      Company also shall comply with the other provisions of TIA Section
      314(a).

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	
              Section
                4.3.  

            	
               Compliance
                Certificate.

            


    

     

     The
      Company shall deliver
      to the Trustee, within one hundred twenty (120) days after the end of each
      fiscal year of the Company, 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 hereof (or, if a Default or Event of
      Default shall have occurred, describing all such Defaults or Events of Default
      of which he or she may have knowledge) 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 5 Year
      Notes
      are prohibited. See Section 11.10.

     

    
      	
              Section
                4.4.  

            	
               Usury
                Laws.

            


    

     

     The
      Company will not
      voluntarily claim and will actively resist any attempts to claim the benefit
      of
      any usury laws against the Holders of the 5 Year Notes.

     

    
      	
              Section
                4.5.  

            	
              Money
                for 5 Year Note Payments to be Held in
                Trust.

            


    

     

    Whenever
      the Company shall have one or more Paying Agents, it will, on or prior to each
      date for the payment of the principal of or interest on the 5 Year Notes,
      deposit with a Paying Agent a sum sufficient to pay the principal and interest
      so becoming due, such sum to be held in trust for the benefit of the persons
      entitled to such payments; and, unless such Paying Agent is the Trustee, the
      Company will promptly notify the Trustee of its action or failure so to
      act.

     

     The
      Company will cause
      each Paying Agent other than the Trustee to execute and deliver to the Trustee
      an instrument in which such Paying Agent shall agree with the Trustee, subject
      to the provisions of this Section, that such Paying Agent will:

     

    
      	
              (1)  

            	
              hold
                all sums held by it for the payment of the principal of and interest
                on
                the 5 Year Notes in trust for the benefit of the persons entitled
                thereto
                until such sums shall be paid to such persons or otherwise disposed
                of as
                herein provided;

            


    

     

    
      	
              (2)  

            	
              give
                the Trustee notice of any default by the Company (or any other obligor
                upon the 5 Year Notes) in the making of any payment of principal
                and
                interest; and

            


    

     

    
      	
              (3)  

            	
              at
                any time during the continuance of any such default, upon the written
                request of the Trustee, forthwith pay to the Trustee all sums so
                held in
                trust by such Paying Agent.

               

            


    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    For
      the
      purpose of obtaining the satisfaction and discharge of this Indenture or for
      any
      other purpose, the Company may at any time pay, or direct any Paying Agent
      to
      pay, to the Trustee all sums held in trust by the Company or such Paying Agent,
      such sums to be held by the Trustee upon the same terms as those upon which
      such
      sums were held by the Company or such Paying Agent; and, upon such payment
      by
      the Company or any Paying Agent to the Trustee, the Company or such Paying
      Agent, as the case may be, shall be released from all further liability with
      respect to such money.

     

    
      	
              Section
                4.6.  

            	
              Continued
                Existence.

            


    

     

     Subject
      to Article 5, the
      Company will do or cause to be done all things necessary to preserve and keep
      in
      full force and effect its existence as a corporation.

     

    ARTICLE
      5

     

    SUCCESSORS

     

    
      	
              Section
                5.1.  

            	
              When
                Company May Merge, Etc.

            


    

     

    The
      Company shall not consolidate or merge with or into, or transfer or lease all
      or
      substantially all of its assets to, any Person unless the corporation formed
      by
      or surviving any such consolidation or merger (if other than the Company),
      or to
      which such sale or conveyance shall have been made, assumes by supplemental
      indenture all the obligations of the Company under the 5 Year Notes then
      outstanding and this Indenture.

     

    The
      Company shall deliver to the Trustee prior to the proposed transaction an
      Officers’ Certificate to the foregoing effect and an Opinion of Counsel stating
      that the proposed transaction and such supplemental indenture comply with this
      Indenture.

     

     The
      surviving corporation
      shall be the successor Company, but the predecessor Company in the case of
      a
      transfer or lease shall not be released from the obligation to pay the principal
      of and interest on the 5 Year Notes.

     

    ARTICLE
      6

     

    DEFAULTS
      AND REMEDIES

     

    
      	
              Section
                6.1.  

            	
              Events
                of Default.

            


    

     

    An
      “Event Of Default” occurs if:

     

    
      	
              (1)  

            	
              the
                Company defaults in the payment of the principal and interest of
                any 5
                Year Note when the same is presented for payment, upon redemption
                or
                otherwise, which default has not been cured for a period of thirty
                (30)
                days;

            


    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
      	
              (2)  

            	
              the
                Company fails to comply with any of its other agreements or covenants
                in,
                or provisions of, the 5 Year Notes or this Indenture and the Default
                continues for the period and after the notice specified
                below;

            


    

     

    
      	
              (3)  

            	
              the
                Company or any material subsidiary pursuant to or within the meaning
                of
                any Bankruptcy Law now or hereafter in
                effect:

            


    

     

    
      	
              (A)  

            	
              commences
                a voluntary proceeding under any such Bankruptcy
                Law;

            


    

     

    
      	
              (B)  

            	
              consents
                to the entry of an order for relief against it in an involuntary
                Bankruptcy proceeding;

            


    

     

    
      	
              (C)  

            	
              consents
                to the appointment of a Custodian of it or for all or substantially
                all of
                its property;

            


    

     

    
      	
              (D)  

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

            


    

     

    
      	
              (E)  

            	
              generally
                is unable to pay its debts as the same become
                due;

            


    

     

    
      	
              (4)  

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

            


    

     

    
      	
              (A)  

            	
              is
                for relief against the Company or any material subsidiary in an
                involuntary Bankruptcy proceeding;

            


    

     

    
      	
              (B)  

            	
              appoints
                a Custodian of the Company or any material subsidiary or for all
                or
                substantially all of its property;
                or

            


    

     

    
      	
              (C)  

            	
              orders
                the winding up or liquidation of the Company or any material subsidiary,
                and the order or decree remains unstayed and in effect for 60
                days.

            


    

     

    The
      term
“Bankruptcy Law” means Title 11 of the United States Code or
      any similar Federal or State Law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee, liquidator,
      sequestrator or similar official under any Bankruptcy Law.

     

     A
      Default under clause (3)
      is not an Event of Default until the Trustee or the Holders of at least 25%
      in
      principal amount of the then outstanding 5 Year Notes notify the Company of
      the
      Default and the Company does not cure the Default within sixty (60) days after
      receipt of the notice. The notice must specify the Default, demand that it
      be
      remedied and state that the notice is a “Notice of
      Default.”

     

    
      	
              Section
                6.2.  

            	
              Acceleration.

            


    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     If
      an Event of Default
      occurs and is continuing, the Trustee by notice to the Company, or the Holders
      of at least 25% in principal amount of the then outstanding 5 Year Notes, by
      notice to the Company and the Trustee, may declare the principal of and accrued
      interest on all the 5 Year Notes to be due and payable. Upon such declaration
      the principal and interest owing on the then outstanding 5 Year Notes shall
      be
      due and payable immediately The Holders of a majority in principal amount of
      the
      then outstanding 5 Year Notes, by notice to the Trustee, may rescind an
      acceleration and its consequences if the rescission would not conflict with
      any
      judgment or decree and if all existing Events of Default have been cured or
      waived, except nonpayment of principal or interest that has become due solely
      because of the acceleration.

     

    
      	
              Section
                6.3.  

            	
              Other
                Remedies.

            


    

     

     If
      an Event of Default
      occurs and is continuing, the Trustee may pursue any available remedy to collect
      the payment of principal and interest on the 5 Year Notes or to enforce the
      performance of any provision of the 5 Year Notes or this Indenture.

     

    The
      Trustee may maintain a proceeding even if it does not possess any of the 5
      Year
      Notes or does not produce any of them in the proceeding. A delay or omission
      by
      the Trustee or any Holder of 5 Year Notes 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.

            


    

     

    The
      Holders of a majority in principal amount of the then outstanding 5 Year Notes,
      by notice to the Trustee, may waive an existing Default or Event of Default
      and
      its consequences except a continuing Default or Event of Default in the payment
      of the principal of and interest on the 5 Year Notes.

     

    
      	
              Section
                6.5.  

            	
              Control
                by Majority.

            


    

     

     The
      Holders of a majority in principal amount of the then outstanding 5 Year Notes
      may direct the time, method and place of conducting any proceeding for any
      remedy available to the Trustee or exercising any trust or power conferred
      on
      the Trustee. However, the Trustee may refuse to follow any direction that
      conflicts with law or this Indenture, is unduly prejudicial to the rights of
      other Holders of the 5 Year Notes, or would involve the Trustee in personal
      liability.

     

    
      	
              Section
                6.6.  

            	
              Limitation
                on Suits.

            


    

     

     The
      Holder of 5 Year Notes
      may pursue a remedy with respect to this Indenture or the 5 Year Notes only
      if:

     

    
      	
              (1)  

            	
              the
                Holder gives to the Trustee notice of a continuing Event of
                Default;

            


    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    
      	
              (2)  

            	
              the
                Holders of at least 25% in principal amount of the then outstanding
                5 Year
                Notes make a request to the Trustee to pursue the
                remedy;

            


    

     

    
      	
              (3)  

            	
              such
                Holder or Holders offer to the Trustee indemnity satisfactory to
                the
                Trustee against any loss, liability or
                expense;

            


    

     

    
      	
              (4)  

            	
              the
                Trustee does not comply with the request within sixty (60) days after
                receipt of the request and the offer of indemnity;
                and

            


    

     

    
      	
              (5)  

            	
              during
                such sixty (60)-day period the Holders of a majority of principal
                amount
                of the then outstanding 5 Year Notes do not give the Trustee a direction
                inconsistent with the request.

            


    

     

    A
      Certificateholder may not use this Indenture to prejudice the rights of another
      Holder of the 5 Year Notes or to obtain a preference or priority over another
      Holder of the 5 Year Notes.

     

    
      	
              Section
                6.7.  

            	
              Rights
                of Holders to Receive Payment.

            


    

     

     Notwithstanding
      any other
      provision of this Indenture, the right of any Holder of a 5 Year Note to receive
      payment of principal and interest on the 5 Year Note, on or after the date
      demand is made for payment therefor, or to bring suit for the enforcement of
      any
      such payment on or after such demand date, shall not be impaired or affected
      without the consent of the Holder.

     

    
      	
              Section
                6.8.  

            	
              Collection
                Suit by Trustee.

            


    

     

     If
      an Event of Default
      specified in Section 6.1(1) or Section 6.1(2) occurs and is continuing, the
      Trustee may recover judgment in its own name and as trustee of an express trust
      against the Company for the whole amount of principal and interest and fees
      remaining unpaid on the 5 Year Notes with respect to which the Event of Default
      occurred in each case at the rate per annum borne by the 5 Year Notes and such
      amount as shall be sufficient to cover the costs and expenses of collection,
      including the reasonable compensation, expenses, disbursements and advances
      of
      the Trustee, its agents and counsel.

     

    
      	
              Section
                6.9.  

            	
              Trustee
                May File Proofs of Claim.

            


    

     

    The
      Trustee may file such proofs of claim and other papers or documents as may
      be
      necessary or advisable in order to have the claims of the Trustee (including
      any
      claim for the compensation, expenses, disbursements and advances of the Trustee,
      its agents and counsel) and the Certificateholders allowed in any judicial
      proceedings relative to the Company, its creditors or its property. The Trustee
      shall be entitled to participate as a member of any official committee of
      creditors in the matters as it deems necessary or advisable.

     

    
      	
              Section
                6.10.  

            	
              Priorities.

            


    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

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

     

    First:                                to
      the Trustee for amounts due under Section 7.7;

     

    Second:                      to
      holders of Senior Debt to the extent required by Article 10;

     

    
      	
               

            	
              Third:

            	
              to
                Holders of 5 Year Notes and holders of Debentures for amounts due
                and
                unpaid on the 5 Year Notes and Debentures for principal and interest,
                ratably, without preference or priority of any kind, according to
                the
                amounts due and payable on the 5 Year Notes and Debentures for principal
                and interest, respectively; and

            


    

     

    
      	
               

            	
              Fourth:

            	
              to
                the Company.

            


    

     

    The
      Trustee may fix a record date and payment date for any payment to the
      Certificateholders 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 the Trustee for any action taken or omitted by it as a Trustee,
      a
      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 does not apply to a suit by the Trustee, a suit by a Holder
      pursuant to Section 6.7, or a suit by Holders of more than 10% in principal
      amount of the then outstanding 5 Year Notes.

     

    ARTICLE
      7

     

    TRUSTEE

     

    
      	
              Section
                7.1.  

            	
              Duties
                of Trustee.

            


    

     

    
      	
              (1)  

            	
              If
                an Event of Default has occurred and is continuing, the Trustee shall
                exercise such of the rights and power vested in it by this Indenture,
                and
                use the same degree of care and skill in their exercise as a prudent
                person would exercise or use under the circumstances in the conduct
                of his
                or her own affairs.

            


    

     

    
      	
              (2)  

            	
              Except
                during the continuance of an Event of
                Default:

            


    

     

    
      	
              (A)  

            	
              The
                Trustee need perform only those duties that are specifically set
                forth in
                this Indenture and no duties, covenants, responsibilities or obligations
                shall be implied in this Indenture against the Trustee;
                and

            


    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    
      	
              (B)  

            	
              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 certificates or opinions (including without
                limitation Officers’ Certificates and Opinions of Counsel) furnished to
                the Trustee and conforming to the requirements of this Indenture.
                However,
                the Trustee shall examine the certificates and opinions to determine
                whether or not they conform on their face to the requirements of
                this
                Indenture.

            


    

     

    
      	
              (3)  

            	
              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:

            


    

     

    
      	
              (A)  

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

            


    

     

    
      	
              (B)  

            	
              The
                Trustee shall not be liable for any error of judgment made in good
                faith
                by a Trust Officer, unless it is proved that the Trustee was negligent
                in
                ascertaining the pertinent facts;
                and

            


    

     

    
      	
              (C)  

            	
              The
                Trustee shall not be liable with respect to any action it takes or
                omits
                to take in good faith in accordance with a direction received by
                it
                pursuant to Section 6.5.

            


    

     

    
      	
              (4)  

            	
              Every
                provision of this Indenture that in any way relates to the Trustee
                is
                subject to paragraphs (a), (b) and (c) of this
                Section.

            


    

     

    
      	
              (5)  

            	
              The
                Trustee may refuse to perform any duty or exercise any right or power
                unless it receives indemnity satisfactory to it against any loss,
                liability or expense.

            


    

     

    
      	
              (6)  

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

            


    

     

    
      	
              Section
                7.2.  

            	
              Rights
                of Trustee.

            


    

     

    
      	
              (1)  

            	
              The
                Trustee may conclusively rely on 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.

            


    

     

    
      	
              (2)  

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

            


    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    
      	
              (3)  

            	
              The
                Trustee may act through agents and shall not be responsible for the
                misconduct or negligence of any agent appointed with due
                care.

            


    

     

    
      	
              (4)  

            	
              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.

            


    

     

    
      	
              (5)  

            	
              The
                Trustee shall have no duty to inquire as to the performance of the
                Company
                with respect to covenants contained in Article 4.  In addition,
                delivery of reports, information and documents to the Trustee under
                Section 4.2 is for informational purposes only and the Trustee’s receipt
                of the foregoing shall not constitute constructive notice of any
                information contained therein or determinable from information contained
                therein, including the Company’s compliance with any of their covenants
                hereunder (as to which the Trustee is entitled to rely exclusively
                on
                Officers’ Certificates).

            


    

     

    
      	
              Section
                7.3.  

            	
              Individual
                Rights of Trustee.

            


    

     

     Subject
      to Section
      7.1:

     

    
      	
              (a)  

            	
              The
                Trustee in its individual or any other capacity may become the owner
                or
                pledgee of 5 Year Notes and may otherwise deal with the Company or
                an
                Affiliate with the same rights it would have if it were not Trustee.
                Any
                Agent may do the same with like
                rights.

            


    

     

    
      	
              (b)  

            	
              The
                Company shall notify the Trustee if the 5 Year Notes become listed
                on any
                securities exchange or of any delisting thereof and the Trustee shall
                comply with Section 313(d) of the
                TIA.

            


    

     

    
      	
              Section
                7.4.  

            	
              Trustee’s
                Disclaimer.

            


    

     

    The
      Trustee makes no representation at to the validity or adequacy of this Indenture
      or the 5 Year Notes, it shall not be accountable for the Company’s use of the
      proceeds from the 5 Year Notes, and it shall not be responsible for any
      statement in the 5 Year Notes.

     

    
      	
              Section
                7.5.  

            	
              Notice
                of Defaults.

            


    

     

    If
      a
      Default or Event of Default occurs and is continuing and if it is known to
      the
      Trustee, the Trustee shall mail to Holders of the 5 Year Notes a notice of
      the
      Default or Event of Default within ninety (90) days after it occurs. Except
      in
      the case of a Default or Event of Default in payment on a 5 Year Note, the
      Trustee may withhold the notice if and so long as a committee of its Trust
      Officers in good faith determines that withholding the notice is in the
      interests of Holders of the 5 Year Notes.

     

    
      	
              Section
                7.6.  

            	
              Reports
                by Trustee to Holders.

            


    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    Within
      60
      days after the reporting date stated in Section 11.10, the Trustee shall mail
      to
      Certificateholders a brief report dated as of such reporting date that complies
      with Section 313(a) of the TIA. The Trustee also shall comply with Section
      313(b)(2) of the TIA.

     

    A
      copy of
      each report at the time of its mailing to Certificateholders shall be filed
      with
      the SEC and each stock exchange on which the 5 Year Notes are listed. The
      Company shall notify the Trustee when the 5 Year Notes are listed on any stock
      exchange.

     

    
      	
              Section
                7.7.  

            	
              Compensation
                and Indemnity.

            


    

     

    The
      Company shall pay to the Trustee from time to time reasonable compensation
      for
      its services. 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.
      Such expenses shall include the reasonable compensation and out-of-pocket
      expenses of the Trustee’s agents and counsel.

     

    The
      Company shall indemnify the Trustee against any loss or liability incurred
      by it
      except as set forth in the next two paragraphs. The Trustee shall notify the
      Company promptly of any claim for which it may seek indemnity. The Company
      shall
      defend the claim and the Trustee shall cooperate in the defense.

     

    The
      Trustee may have 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.

     

    The
      Company need not reimburse any expense or indemnify against any loss or
      liability incurred by the Trustee through negligence or bad faith.

     

    To
      secure
      the Company’s payment of obligations in this Section, the Trustee shall have a
      lien prior to the 5 Year Notes on all money or property held or collected by
      the
      Trustee, including that held in trust to pay principal and interest on the
      5
      Year Notes.

     

    When
      the
      Trustee incurs expenses or renders services after an Event of Default specified
      in Section 6.1(4) or (5) occurs, the expenses and the compensation for the
      services are intended to constitute expenses of administration under any
      Bankruptcy Law.

     

    
      	
              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.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    The
      Trustee may resign by so notifying the Company. The Trustee may be removed
      with
      respect to the 5 Year Notes by the Holders of a majority in principal amount
      of
      the then outstanding 5 Year Notes by so notifying the Trustee and the Company.
      The Company may remove the Trustee if:

     

    
      	
              (a)  

            	
              the
                Trustee fails to comply with Section
                7.10;

            


    

     

    
      	
              (b)  

            	
              the
                Trustee is adjudged a bankrupt or an insolvent or any 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;

            


    

     

    
      	
              (d)  

            	
              the
                Trustee becomes incapable of action;
                or

            


    

     

    
      	
              (e)  

            	
              in
                the judgment of the Company, comparable services are available from
                another entity qualifying under Section 7.10 at a materially lower
                cost to
                the Company.

            


    

     

    If
      the
      Trustee resigns or is removed or if a vacancy exists in the office of the
      Trustee for any reason, the Company shall promptly appoint a successor Trustee.
      Within one year after the successor Trustee takes office, a successor Trustee
      may be appointed by act of the Holders of a majority in principal amount of
      the
      then outstanding 5 Year Notes to replace the successor Trustee appointed by
      the
      Company.

     

    If
      a
      successor Trustee does not take office within sixty (60) days after the retiring
      Trustee resigns or is removed, the retiring Trustee, the Company or the Holders
      of at least 10% in principal amount of the then outstanding 5 Year Notes may
      petition any court of competent jurisdiction for the appointment of a successor
      Trustee.

     

    If
      the
      Trustee fails to comply with Section 7.10, any Holder of the 5 Year Notes may
      petition any court of competent jurisdiction for the removal of the Trustee
      and
      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. Thereupon 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 under this Indenture. The
      successor Trustee shall mail a notice of its succession to the Holders of 5
      Year
      Notes. The retiring Trustee shall promptly transfer all property held by it
      as
      Trustee to the successor Trustee, subject to the lien provided for in Section
      7.7.

     

    
      	
              Section
                7.9.  

            	
              Successor
                Trustee by Merger, Etc.

            


    

     

    If
      the
      Trustee consolidates, 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.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    
      	
              Section
                7.10.  

            	
              Eligibility;
                Disqualification.

            


    

     

    This
      Indenture shall always have a Trustee who satisfies the requirements of Sections
      310(a)(1), 310(a)(2) and 310(a)(5) of the TIA. The Trustee shall always have
      a
      combined capital and surplus as stated in the TIA. The Trustee is subject to
      Section 310(b) of the TIA. Section 11.10 lists any excluded indenture or trust
      agreement.

     

    
      	
              Section
                7.11.  

            	
              Preferential
                Collection of Claims Against
                Company.

            


    

     

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

     

    ARTICLE
      8

     

    DISCHARGE
      OF INDENTURE; DEFEASANCE

     

    
      	
              Section
                8.1.  

            	
              Termination
                of Company’s Obligations.

            


    

     

    This
      Indenture shall cease to be of further effect (except that the Company’s
      obligations under Sections 7.7 and 8.5 shall survive) when all outstanding
      5
      Year Notes theretofore issued have been delivered to the Trustee for
      cancellation. In addition, the Company may terminate its obligations under
      this
      Indenture if:

     

    
      	
              (a)  

            	
              The
                5 Year Notes then outstanding are to be called for redemption within
                one
                year under arrangements satisfactory to the Trustee for giving the
                notice
                of redemption; and

            


    

     

    
      	
              (b)  

            	
              The
                Company irrevocably deposits in trust with the Trustee money or U.S.
                Government Obligations sufficient to pay principal and interest on
                the 5
                Year Notes then outstanding to maturity or redemption, as the case
                may be.
                The Company may make the deposit only during the one-year period
                and only
                if Article 11 permits it.

            


    

     

    However,
      the Company’s obligations in Sections 2.4, 2.5, 2.6, 2.7, 2.8, 4.1, 6.7, 6.8 and
      8.5, and in Article 10, shall survive until no 5 Year Notes are outstanding.
      Thereafter, only the Company’s obligations in Sections 7.7 and 8.5 shall
      survive.

     

    If
      a
      deposit is made pursuant to this Section 8.1, the Trustee, upon request, shall
      acknowledge in writing the discharge of the Company’s obligations under this
      Indenture, except for those surviving obligations specified above.

     

    In
      order
      to have money available on a payment date to pay principal and interest on
      the 5
      Year Notes, the U.S. Government Obligations shall be payable as to principal
      and
      interest on or before such payment date in such amounts as will provide the
      necessary money. U.S. Government Obligations shall not be callable at the
      issuer’s option.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    “U.S.
      Government Obligations” means direct obligations of the United States
      of America for the payment of which the full faith and credit of the United
      States of America is pledged.

     

    
      	
              Section
                8.2.  

            	
              Legal
                Defeasance and Covenant
                Defeasance.

            


    

     

    
      	
              (1)  

            	
              The
                Company may, at its option and at any time, elect to have either
                paragraph
                (b) or (c) below be applied to all outstanding 5 Year Notes upon
                compliance with the conditions set forth in Section
                8.3.

            


    

     

    
      	
              (2)  

            	
              Upon
                the Company’s exercise under Section 8.2(a) hereof of the option
                applicable to this Section 8.2(b), the Company shall, subject to
                the
                satisfaction of the conditions set forth in Section 83, be deemed
                to have
                been discharged from their obligations with respect to all outstanding
                5
                Year Notes on the date the conditions set forth below are satisfied
                (hereinafter, “Legal Defeasance”). For this purpose,
                Legal Defeasance means that the Company shall be deemed to have paid
                and
                discharged the entire Debt represented by the outstanding 5 Year
                Notes,
                which shall thereafter be deemed to be “outstanding” only for the purposes
                of Section 8.4 hereof and the other Sections of this Indenture referred
                to
                in (i) and (ii) below, and to have satisfied all its other obligations
                under such 5 Year Notes and this Indenture (and the Trustee, on demand
                of
                and at the expense of the Company, shall execute proper instruments
                acknowledging the same), except for the following provisions which
                shall
                survive until otherwise terminated or discharged
                hereunder:

            


    

     

    
      	
              (A)  

            	
              the
                rights of Holders of outstanding 5 Year Notes to receive, solely
                from the
                trust fund described in Section 8.4 hereof, and as more fully set
                forth in
                such Section 8.4, payments in respect of the principal of and interest
                on
                such 5 Year Notes when such payments are
                due;

            


    

     

    
      	
              (B)  

            	
              the
                Company’s obligations with respect to such 5 Year Notes under Article 2
                and Section 4.1 hereof;

            


    

     

    
      	
              (C)  

            	
              the
                rights, powers, trusts, duties and immunities of the Trustee hereunder
                and
                the Company’s obligations in connection therewith;
                and

            


    

     

    
      	
              (D)  

            	
              the
                provisions of this Article 8 applicable to Legal
                Defeasance.

            


    

     

    1.  Subject
      to compliance with this Article 8, the Company may exercise its option under
      this Section 8.2(b) notwithstanding the prior exercise of its option under
      Section 8.2(c) hereof.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    
      	
              (3)  

            	
              Upon
                the Company’s exercise under paragraph (a) hereof of the option applicable
                to this paragraph (c), the Company shall, subject to the satisfaction
                of
                the conditions set forth in Section 8.3 hereof, be released from
                their respective obligations under the covenants contained in Sections
                4.2
                and 4.4 hereof with respect to the outstanding 5 Year Notes on and
                after
                the date the conditions set forth in Section 8.3 are satisfied
                (hereinafter, “Covenant Defeasance”), and the 5 Year
                Notes shall thereafter be deemed not “outstanding” for the purposes of any
                direction, waiver, consent or declaration or act of Holders (and
                the
                consequences of any thereof) in connection with such covenants, but
                shall
                continue to be deemed “outstanding” for all other purposes hereunder (it
                being understood that such 5 Year Notes shall not be deemed outstanding
                for accounting purposes). For this purpose, Covenant Defeasance means
                that, with respect to the outstanding 5 Year Notes, the Company may
                omit
                to comply with and shall 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
                shall not constitute an Event of Default under Section 6.1 hereof,
                but,
                except as specified above, the remainder of this Indenture and such
                5 Year
                Notes shall be unaffected thereby. In addition, upon the Company’s
                exercise under paragraph (a) hereof of the option applicable to this
                paragraph (c), subject to the satisfaction of the conditions set
                forth in
                Section 8.3 hereof, clause (3) of Section 6.1 hereof shall not constitute
                an Event of Default.

            


    

     

    
      	
              Section
                8.3.  

            	
              Conditions
                to Legal Defeasance or Covenant
                Defeasance.

            


    

     

    The
      following shall be the conditions to the application of either Section 8.2(b)
      or
      8.2(c) hereof to the outstanding 5 Year Notes:

     

    
      	
              (a)  

            	
              the
                Company must irrevocably deposit with the Trustee, in trust, for
                the
                benefit of the Holders, money or U.S. Government Obligations, or
                a
                combination thereof, in such amounts as will be sufficient (without
                reinvestment), in the opinion of a nationally recognized firm of
                independent public accountants selected by the Company, to pay the
                principal and interest on the 5 Year Notes on the stated date for
                payment
                or on the redemption date;

            


    

     

    
      	
              (b)  

            	
              in
                the case of Legal Defeasance, the Company shall have delivered to
                the
                Trustee an Opinion of Counsel in the United States confirming
                that:

            


    

     

    
      	
              (i)  

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

            


    

     

    
      	
              (ii)  

            	
              since
                the date of this Indenture, there has been a change in the applicable
                U.S.
                federal income tax law,

            


    

     

    2.  in
      either
      case to the effect that, and based thereon, the Holders will not recognize
      income, gain or loss for U.S. federal income tax purposes as a result of such
      Legal Defeasance and will be subject to U.S. 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;

     

    
      	
              (c)  

            	
              in
                the case of Covenant Defeasance, the Company shall have delivered
                to the
                Trustee an Opinion of Counsel in the United States reasonably acceptable
                to the Trustee confirming that the Holders will not recognize income,
                gain
                or loss for U.S. federal income tax purposes as a result
                of such Covenant Defeasance and will be subject to U.S. 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;

            


    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    
      	
              (d)  

            	
              no
                Default shall have occurred and be continuing on the date of such
                deposit;

            


    

     

    
      	
              (e)  

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

            


    

     

    
      	
              (f)  

            	
              the
                Company shall have delivered to the Trustee an Officers’ Certificate
                stating that the deposit was not made by it with the intent of preferring
                the Holders over any other creditors of the Company or with the intent
                of
                defeating, hindering, delaying or defrauding any other of its creditors;
                and

            


    

     

    
      	
              (g)  

            	
              the
                Company shall have delivered to the Trustee an Officers’ Certificate and
                an Opinion of Counsel, each stating that the conditions provided
                for in
                clauses (1) through (6) of this Section 8.3 (in the case of the Officers’
                Certificate), as applicable, and clauses (2), if applicable, and/or
                (3)
                and (5) of this Section 8.3 (in the case of the Opinion of Counsel)
                have
                been complied with.

            


    

     

    
      	
              Section
                8.4.  

            	
              Application
                of Trust Money.

            


    

     

    The
      Trustee shall hold in trust money or U.S. Government Obligations deposited
      with
      it pursuant to Section 8.1. It shall apply the deposited money and the money
      from U.S. Government Obligations through the Paying Agent and in accordance
      with
      this Indenture to the payment of principal and interest on the 5 Year Notes.
      Money and 5 Year Notes so held in trust are not subject to Article
      10.

     

    
      	
              Section
                8.5.  

            	
              Repayment
                to the Company.

            


    

     

    The
      Trustee and the Paying Agent shall promptly pay to the Company upon request
      any
      money or 5 Year Notes held by them at any time in excess of amounts required
      to
      be so held hereunder.

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    The
      Trustee and the Paying Agent shall pay to the Company upon request any money
      held by them for the payment of principal and interest that remains unclaimed
      for two years. After payment to the Company, Certificateholders entitled to
      the
      money must look to the Company for payment as general creditors unless an
      applicable abandoned property law designates another person.

     

    ARTICLE
      9

     

    AMENDMENTS

     

    
      	
              Section
                9.1.  

            	
              Without
                Consent of Holders.

            


    

     

    The
      Company and the Trustee may amend this Indenture or the 5 Year Notes without
      the
      consent of the Holders of the 5 Year Notes by Company Order:

     

    
      	
              (a)  

            	
              to
                cure any ambiguity, defect or
                inconsistency;

            


    

     

    
      	
              (b)  

            	
              to
                comply with Section 5.1;

            


    

     

    
      	
              (c)  

            	
              to
                provide for uncertified 5 Year Notes in addition to certificated
                5 Year
                Notes;

            


    

     

    
      	
              (d)  

            	
              to
                increase the aggregate principal amount of 5 Year Notes which may
                be
                delivered under this Indenture;

            


    

     

    
      	
              (e)  

            	
              to
                make any change that does not adversely affect the legal rights hereunder
                of the Holders of the 5 Year Notes;
                or

            


    

     

    
      	
              (f)  

            	
              to
                comply with requirements of the SEC in order to effect or maintain
                the
                qualification of this Indenture with the
                TIA.

            


    

     

    
      	
              Section
                9.2.  

            	
              With
                Consent of Holders.

            


    

     

    The
      Company and the Trustee may amend this Indenture or the 5 Year Notes with the
      written consent of the Holders of at least a majority in principal amount of
      the
      then outstanding 5 Year Notes. However, without the consent of each
      Certificateholder affected, an amendment under this Section may
      not:

     

    
      	
              (a)  

            	
              reduce
                the amount of 5 Year Notes whose Holders must consent to an
                amendment;

            


    

     

    
      	
              (b)  

            	
              reduce
                the principal of or change the demand payment nature of any 5 Year
                Note;

            


    

     

    
      	
              (c)  

            	
              make
                any 5 Year Note payable in money other than that stated in such 5
                Year
                Note;

            


    

     

    
      	
              (d)  

            	
              make
                any change in Section 6.4, Section 6.7 or Section 9.2(2);
                or

            


    

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    
      	
              (e)  

            	
              make
                any change in Article 10 that adversely affects the rights of any
                Certificateholder.

            


    

     

    An
      amendment under this Section may not make any change that adversely affects
      the
      rights under Article 10 of any holder of an issue of Senior Debt unless the
      holders of the issue pursuant to its terms consent to the change or the change
      is otherwise permissible.

     

    After
      an
      amendment under this Section becomes effective, the Company shall mail to the
      Holders of the 5 Year Notes affected by such amendment a notice briefly
      describing the amendment.

     

    
      	
              Section
                9.3.  

            	
              Compliance
                with Trust Indenture Act.

            


    

     

    Every
      amendment to this Indenture or
      the 5 Year Notes shall be set forth in a supplemental indenture that complies
      with the TIA as then in effect.

     

    
      	
              Section
                9.4.  

            	
              Revocation
                and Effect of Consents.

            


    

     

    Until
      an
      amendment or waiver becomes effective, a consent to it by a Holder of a 5 Year
      Note is a continuing consent by the Holder and every subsequent Holder of a
      5
      Year Note or portion of a 5 Year Note that evidences the same debt as the
      consenting Holder’s 5 Year Note, even if notification of the consent is not made
      on any 5 Year Note. However, any such Holder or subsequent Holder may revoke
      the
      consent as to his or her 5 Year Note or portion of a 5 Year Note if the Trustee
      receives the notice of revocation before the date the amendment or waiver
      becomes effective. An amendment or waiver becomes effective in accordance with
      its terms and thereafter binds every Holder of the 5 Year Notes.

     

    
      	
              Section
                9.5.  

            	
              Notation
                on or Exchange of 5 Year Notes.

            


    

     

    The
      Trustee may place an appropriate notation about an amendment or waiver on any
      5
      Year Note thereafter authenticated. The Company in exchange for all 5 Year
      Notes
      may issue and the Trustee shall authenticate new 5 Year Notes that reflect
      the
      amendment or waiver.

     

    
      	
              Section
                9.6.  

            	
              Trustee
                Protected.

            


    

     

    The
      Trustee shall sign all supplemental indentures and shall be fully protected
      in
      doing so, except that the Trustee need not sign any supplemental indenture
      that
      adversely affects its rights. The Trustee shall be entitled to receive, and
      shall be fully protected in relying on, an Opinion of Counsel and an Officers’
Certificate, which shall be provided at the expense of the Company.

     

    ARTICLE
      10

     

    SUBORDINATION

     

    
      	
              Section
                10.1.  

            	
              Agreement
                to Subordinate.

            


    

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    The
      Company agrees, and each Certificateholder by accepting a 5 Year Note agrees,
      that the indebtedness evidenced by the 5 Year Note is subordinated in right
      of
      payment, to the extent and in the manner provided in this Article, to the prior
      payment in full of all Senior Debt, and that the subordination is for the
      benefit of the holders of Senior Debt.

     

    
      	
              Section
                10.2.  

            	
              Certain
                Definitions.

            


    

     

    “Debt”
      means any indebtedness, contingent or otherwise, in respect of borrowed money
      (whether or not the recourse of the lender is to the whole of the assets of
      the
      Company or only to a portion thereof), or evidenced by bonds, notes, debentures
      or similar instruments or letters of credit, or representing the balance
      deferred and unpaid on the purchase price of any property or interest therein,
      except any such balance that constitutes a trade payable, and shall include
      any
      guarantee of any indebtedness described above.

     

    “Representative”
means
      the indenture trustee or other
      trustee, agent or representative for an issue of Senior
      Debt.

     

    “Senior
      Debt” means all Debt (present or future) created, incurred, assumed or
      guaranteed by the Company (and all renewals, extensions or refundings thereof),
      except such Debt that by its terms expressly provides that such Debt is not
      senior or superior in right of payment to the 5 Year Notes. Senior Debt shall
      include without limitation (i) the guarantee by the Company of any Debt of
      any
      other person (including, without limitation, subordinated Debt of another
      person), unless such Debt is expressly subordinated to any other Debt of the
      Company, and (ii) all Debt of the Company currently maintained with banks and
      finance companies and any line of credit to be obtained by the Company in the
      future. Notwithstanding anything herein to the contrary, Senior Debt shall
      not
      include Debt of the Company to any of its subsidiaries or under the 5 Year
      Notes
      or Debentures.

     

    
      	
              Section
                10.3.  

            	
              Liquidation;
                Dissolution; Bankruptcy.

            


    

     

    Upon
      any
      distribution to creditors of the Company in a liquidation or dissolution of
      the
      Company or in a bankruptcy, reorganization, insolvency, receivership or similar
      proceeding relating to the Company or its property:

     

    
      	
              (a)  

            	
              holders
                of Senior Debt shall be entitled to receive payment in full in cash
                of the
                principal and interest (including interest accruing after the commencement
                of any such proceeding) to the date of payment, on the Senior Debt
                before
                Certificateholders shall be entitled to receive any payment of principal
                and interest on 5 Year Notes; and

            


    

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    
      	
              (b)  

            	
              until
                the Senior Debt is paid in full in cash, any distribution to which
                Certificateholders would be entitled but for this Article shall be
                made to
                holders of Senior Debt as their interest may appear, except that
                Holders
                of 5
                Year Notes may receive 5 Year Notes that are subordinated to Senior
                Debt
                to at least the same extent as such 5 Year
                Notes.

            


    

     

    
      	
              Section
                10.4.  

            	
              Default
                on Senior Debt.

            


    

     

    Upon
      the
      maturity of any Senior Debt by lapse of time, acceleration or otherwise, all
      such Senior Debt shall first be paid in full, or such payment duly provided
      for
      in cash or in a manner satisfactory to the holders of such Senior Debt, before
      any payment is made by the Company or any person acting on behalf of the Company
      on account of the principal and interest on the 5 Year Notes.

     

    The
      Company may not pay principal and interest on the 5 Year Notes and may not
      acquire 5 Year Notes for cash or property other than capital stock of the
      Company if:

     

    
      	
              (a)  

            	
              a
                default on Senior Debt occurs and is continuing that permits holders
                of
                such Senior Debt to accelerate its maturity,
                and

            


    

     

    
      	
              (b)  

            	
              the
                default is the subject of judicial proceedings or the Company receives
                a
                notice of the default from a person who may give it pursuant to Section
                10.12. If the Company receives any such notice, a similar notice
                received
                within nine (9) months thereafter relating to the same default on
                the same
                issue of Senior Debt shall not be effective for purposes of this
                Section.

            


    

     

    The
      Company may resume payments on the 5 Year Notes and may acquire them
      when:

     

    
      	
              (c)  

            	
              the
                default is cured or waived, or

            


    

     

    
      	
              (d)  

            	
              one
                hundred twenty (120) days pass after the notice is given if the default
                is
                not the subject of judicial proceedings, if this Article otherwise
                permits
                the payment or acquisition at that
                time.

            


    

     

    
      	
              Section
                10.5.  

            	
              Acceleration
                of 5 Year Notes.

            


    

     

    If
      payment of the 5 Year Notes is accelerated because of an Event of Default,
      the
      Company shall promptly notify holders of Senior Debt of the acceleration. The
      Company may pay Holders of the 5 Year Notes when one hundred twenty (120) days
      pass after the acceleration occurs if this Article permits the payment at that
      time.

     

    
      	
              Section
                10.6.  

            	
              When
                Distribution Must Be Paid Over.

            


    

     

    In
      the
      event that, notwithstanding the provisions of Section 10.4, the Company shall
      make any payment to the Trustee on account of the principal and interest on
      the
      5 Year Notes, two (2) business days after the happening of a default in payment
      of the principal or interest on Senior Debt, or two (2) business days after
      receipt by the Company and the Trustee of written notice as provided in Sections
      

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    10.4
      and
      10.12 of an Event of Default or an event which, with the passage of time or
      the
      giving of notice or both, would constitute an Event of Default with respect
      to
      any Senior Debt, then, unless and until such Default or Event of Default shall
      have been cured or waived or shall have ceased to exist, such payment shall
      be
      held by the Trustee, in trust for the benefit of, and shall be paid forthwith
      over and delivered to, the holders of Senior Debt (pro rata as to each of such
      holders on the basis of the respective amounts of Senior Debt held by them)
      or
      their representative or the trustee under the indenture or other agreement
      (if
      any) pursuant to which Senior Debt may have been issued, as their respective
      interests may appear, for application to the payment of all Senior Debt
      remaining unpaid to the extent necessary to pay all Senior Debt in full in
      accordance with its terms, after giving effect to any concurrent payment or
      distribution to or for the holders of Senior Debt.

     

    If
      a
      distribution is made to the Holders of 5 Year Notes that because of this Article
      should not have been made to them, the Holders who receive the distribution
      shall hold it in trust for holders of Senior Debt and pay it over to them as
      their interests may appear.

     

    
      	
              Section
                10.7.  

            	
              Notice
                by Company.

            


    

     

    The
      Company shall promptly notify the Trustee and the Paying Agent of any facts
      known to the Company that would cause a payment of principal and interest on
      the
      5 Year Notes to violate this Article, but failure to give such notice shall
      not
      affect the subordination of the 5 Year Notes to the Senior Debt provided in
      this
      Article. Nothing in this Article 10 shall apply to claims of, or payments to,
      the Trustee under or pursuant to Section 6.7.

     

    
      	
              Section
                10.8.  

            	
              Subrogation.

            


    

     

    After
      all
      Senior Debt is paid in full and until the 5 Year Notes are paid in full, Holders
      of the then outstanding 5 Year Notes shall be subrogated to the rights of
      holders of Senior Debt to receive distributions applicable to Senior Debt to
      the
      extent distributions otherwise payable to such Holders have been applied to
      the
      payment of Senior Debt. A distribution made under this Article to holders of
      Senior Debt which otherwise would have been made to Certificateholders is not,
      as between the Company and Certificateholders, a payment by the Company on
      Senior Debt.

     

    
      	
              Section
                10.9.  

            	
              Relative
                Rights.

            


    

     

    This
      Article defines the relative rights of Certificateholders and holders of Senior
      Debt. Nothing said in this indenture shall:

     

    
      	
              (1)  

            	
              impair,
                as between the Company and Certificateholders, the obligation of
                the
                Company, which is absolute and unconditional, to pay principal of
                and
                interest on the 5 Year Notes in accordance with their
                terms;

            


    

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    
      	
              (2)  

            	
              affect
                the relative rights of Certificateholders and creditors of the Company
                other than holders of Senior Debt;
                or

            


    

     

    
      	
              (3)  

            	
              prevent
                the Trustee or any Certificateholder from exercising its available
                remedies upon a Default or Event of Default, subject to the rights
                of
                holders of Senior Debt to receive distributions otherwise payable
                to
                Certificateholders.

            


    

     

    If
      the
      Company fails because of this Article to pay principal and interest on a 5
      Year
      Note on the due date, the failure is still a Default or Event of
      Default.

     

    
      	
              Section
                10.10.  

            	
              Subordination
                may not be Impaired by Company.

            


    

     

    No
      right
      of any holder of Senior Debt to enforce the subordination of the indebtedness
      evidenced by the 5 Year Notes shall be impaired by any act or failure to act
      by
      the Company or by its failure to comply with this Indenture.

     

    
      	
              Section
                10.11.  

            	
              Distribution
                or Notice to Representative.

            


    

     

    Whenever
      a distribution is to be made or a notice given to holders of Senior Debt, the
      distribution may be made and the notice given to their
      Representative.

     

    
      	
              Section
                10.12.  

            	
              Rights
                of Trustee and Paying Agent.

            


    

     

    The
      Trustee or Paying Agent may continue to make payments on the 5 Year Notes until
      it receives notice of facts that would cause a payment of principal and interest
      on the 5 Year Notes to violate this Article. Only the Company, a Representative
      or a holder of an issue of Senior Debt that has no Representative may give
      the
      notice.

     

    The
      Trustee in its individual or any other capacity may hold Senior Debt with same
      rights it would have if it were not Trustee. Any Agent may do the same with
      like
      rights.

     

    
      	
              Section
                10.13.  

            	
              Trust
                Moneys Not Subordinated.

            


    

     

    Notwithstanding
      anything contained herein to the contrary, payments from money or the proceeds
      of U.S. Government Obligations held in trust under Article 8 by the Trustee
      for
      the payment of principal of and interest on the 5 Year Notes shall not be
      subordinated to the prior payment of any Senior Debt or subject to the
      restrictions set forth in this Article 10, and none of the Holders of the 5
      Year
      Notes shall be obligated to pay over any such amount to the Company or any
      holder of Senior Debt of the Company or any other creditor of the
      Company.

     

    
      	
              Section
                10.14.  

            	
              Trustee
                Not Fiduciary for Holders of Senior
                Debt.

            


    

     

    The
      Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior
      Debt and shall not be liable to any such holders if it shall mistakenly
      pay

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     over
      or distribute to Holders of the 5 Year Notes or the Company or any other person,
      money or assets to which any holders of Senior Debt of the Company shall be
      entitled by virtue of this Article 10 or otherwise.

     

    ARTICLE
      11

     

    MISCELLANEOUS

     

    
      	
              Section
                11.1.  

            	
              TIA
                Controls.

            


    

     

    If
      any
      provision of this Indenture limits, qualifies, or conflicts with another
      provision which is required to be included in this Indenture by the TIA, the
      required provision shall control.

     

    
      	
              Section
                11.2.  

            	
              Notices.

            


    

     

    Any
      notice by the Company or the Trustee to the other is duly given if in writing
      and delivered in person or mailed by first-class mail to the other’s address
      stated in Section 11.10. The Company or the Trustee by notice to the other
      may
      designate additional or different addresses for subsequent notices or
      communications.

     

    Any
      notice to a Certificateholder shall be mailed by first-class mail to the address
      shown on the register kept by the Registrar or such other name and addresses
      as
      provided to the Trustee pursuant to Sections 313(c)(2) and (3) of the TIA.
      Failure to mail a notice or communication to a Certificateholder or any defect
      in it shall not affect its sufficiency with respect to other
      Certificateholders.

     

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

     

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

     

    All
      other
      notices shall be in writing.

     

    
      	
              Section
                11.3.  

            	
              Communication
                by Holders With Other Holders.

            


    

     

    Certificateholders
      may communicate pursuant to Section 312(b) of the TIA with other
      Certificateholders with respect to their rights under this Indenture or the
      5
      Year Notes. The Company, the Trustee, the Registrar and anyone else shall have
      the protection of Section 312(c) of the TIA.

     

    
      	
              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:

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

     

    
      	
              (a)  

            	
              an
                Officer’s 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 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;

            


    

     

    
      	
              (c)  

            	
              a
                statement that, in the opinion of such person, he or she has made
                such
                examination or investigation as is necessary to enable him or her
                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
      Certificateholders. The Registrar or Paying Agent may make reasonable rules
      and
      set reasonable requirements for its functions.

     

    
      	
              Section
                11.7.  

            	
              Legal
                Holidays.

            


    

     

    A
      “Legal Holiday” is a Saturday, a Sunday or a day on which
      banking institutions are not required to be open. 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.

            


    

     

    All
      liability described in the 5 Year Notes of any director, officer, employee
      or
      stockholder, as such, of the Company and the Trustee is waived and
      released.

     

    
      	
              Section
                11.9.  

            	
              Duplicate
                Originals.

            


    

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

    The
      parties may sign any number of copies of this Indenture. One signed copy is
      enough to prove this Indenture.

     

    
      	
              Section
                11.10.  

            	
              Variable
                Provisions.

            


    

     

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

     

    The
      Company initially appoints itself as Paying Agent and Registrar.

     

    The
      first
      certificate pursuant to Section 4.3 shall be for the fiscal year ending on
      December 31, 2005.

     

    The
      reporting date for Section 7.6 is May 15 of each year. The first reporting
      date
      is May 15, 2006.

     

     The
      Company’s address
      is:

     

    21
      Tamal Vista Blvd, Suite
      230

    Corte
      Madera, California
      94925

    


    The
      Trustee’s address is:

     

    U.S.
      Bank National
      Association

    60
      Livingston Avenue

    St.
      Paul, Minnesota 55107

    Attention:  Corporate
      Trust
      Administration

    


    
      	
              Section
                11.11.  

            	
              Governing
                Law.

            


    

     

    The
      internal laws of the State of Minnesota shall govern this Indenture and the
      5
      Year Notes.

     

    
      	
              Section
                11.12.  

            	
              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. Any such indenture, loan or debt agreement
      may
      not be used to interpret this Indenture.

     

    
      	
              Section
                11.13.  

            	
              Successors.

            


    

     

    All
      agreements of the Company in this Indenture and the 5 Year Notes shall bind
      its
      successor. All agreements of the Trustee in this Indenture shall bind its
      successor.

     


    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    


    
      	
              Section
                11.14.  

            	
              Severability.

            


    

     

    In
      case
      any provision in this Indenture or the 5 Year Notes 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.

     

    



    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    


    IN
      WITNESS WHEREOF, the parties hereto hereby execute this Indenture as of the
      date
      first written.

    


    COMPANY:

    


    CS
      FINANCING CORPORATION

    


                                                                                       
/s/ Timothy R. Redpath


    By:   Timothy
      R.
      Redpath                                                   

    Its:  Chief
      Executive
      Officer

    


    


    TRUSTEE:

    


    U.S.
      BANK NATIONAL
      ASSOCIATION

    


                                                                                       
/s/ Richard Prokosh
                                                                                                                By: Richard
      Prokosh                                                  

    Its:  Vice
      President


    
      
        
        

      

      
        33