Document:

Exhibit 4(c)

 

 

 

AMERIPRISE FINANCIAL, INC.

 

AND

 

U.S. BANK

NATIONAL ASSOCIATION

 

Trustee

 

 

 

Junior Subordinated Debt Indenture

 

 

Dated as of May 5, 2006

 

 

 

 

AMERIPRISE FINANCIAL, INC.

Indenture Dated as of May 5, 2006

 

CROSS
REFERENCE SHEET*

 

Showing the Location in the Indenture of the
Provisions Inserted Pursuant to Sections 310 to 318(a) inclusive of the
Trust Indenture Act of 1939.

 

	
  Provisions of

  Trust Indenture Act

  of 1939

  	
   

  	
  Indenture Provision

  
	
  § 310(a)(1), (2)

  	
   

  	
  § 8.09

  
	
   

  	
  (3)

  	
   

  	
  Not Applicable

  
	
   

  	
  (4)

  	
   

  	
  Not Applicable

  
	
   

  	
  (b)

  	
   

  	
   

  	
  § 8.08; § 8.10

  
	
   

  	
  (c)

  	
   

  	
   

  	
  Not Applicable

  
	
  § 311(a)

  	
   

  	
  § 8.13(a)

  
	
   

  	
  (b)

  	
   

  	
  § 8.13(b)

  
	
   

  	
  (b)(2)

  	
   

  	
  § 9.03 (a)(ii); § 9.03(b)

  
	
   

  	
  (c)

  	
   

  	
  Not Applicable

  
	
  § 312(a)

  	
   

  	
  § 9.01; § 9.02(a)

  
	
   

  	
  (b)

  	
   

  	
  § 9.02(b)

  
	
   

  	
  (c)

  	
   

  	
  § 9.02(c)

  
	
  § 313(a)

  	
   

  	
  § 9.03(a)

  
	
   

  	
  (b)(1)

  	
   

  	
  Not Applicable

  
	
   

  	
     (2)

  	
   

  	
  § 9.03(b)

  
	
   

  	
  (c)

  	
   

  	
  § 9.03(a); § 9.03(b)

  
	
   

  	
  (d)

  	
   

  	
  § 9.03(c)

  
	
  § 314(a)

  	
   

  	
  § 9.04

  
	
   

  	
  (b)

  	
   

  	
  Not Applicable

  
	
   

  	
  (c)

  	
   

  	
  § 1.02

  
	
   

  	
  (d)

  	
   

  	
  Not Applicable

  
	
   

  	
  (e)

  	
   

  	
  § 1.02

  
	
   

  	
  (f)

  	
   

  	
  Not Applicable

  
	
  § 315(a)(1)

  	
   

  	
  § 8.01(a)(i)

  
	
   

  	
     (2)

  	
   

  	
  § 8.01(a)(ii)

  
	
   

  	
  (b)

  	
   

  	
  § 8.02

  
	
   

  	
  (c)

  	
   

  	
  § 8.01(b)

  
	
   

  	
  (d)(1)

  	
   

  	
  § 8.01(a)

  
	
   

  	
     (2)

  	
   

  	
  § 8.01(c)(ii)

  
	
   

  	
     (3)

  	
   

  	
  § 8.01(c)(iii)

  
	
   

  	
  (e)

  	
   

  	
  § 7.14

  
	
  § 316(a)

  	
   

  	
  § 7.12; § 7.13

  
	
   

  	
  (b)

  	
   

  	
  § 7.08

  
	
   

  	
  (c)

  	
   

  	
  § 1.04

  
	
  § 317(a)(1), (2)

  	
   

  	
  § 7.03; § 7.04

  
	
   

  	
  (b)

  	
   

  	
  § 12.03

  
	
  § 318(a)

  	
   

  	
  § 1.08

  
						

 

* This Cross Reference
Sheet is not part of the Indenture.

 

i

 

TABLE OF CONTENTS

 

	
   

  	
  Page

  
	
  ARTICLE ONE

  	
   

  
	
  DEFINITIONS
  AND OTHER PROVISIONS OF GENERAL APPLICATION

  	
   

  
	
   

  	
   

  
	
  Section 1.01. Definitions

  	
  1

  
	
  Section 1.02. Compliance Certificates and Opinions

  	
  8

  
	
  Section 1.03. Form of Documents Delivered to Trustee

  	
  9

  
	
  Section 1.04. Act of
  Holders

  	
  10

  
	
  Section 1.05. Notices, etc., to Trustee and Company

  	
  10

  
	
  Section 1.06. Notice to Holders; Waiver

  	
  11

  
	
  Section 1.07. Immunity of Incorporator, Stockholders, Officers
  and Directors

  	
  11

  
	
  Section 1.08. Conflict with Trust Indenture Act

  	
  11

  
	
  Section 1.09. Effect of Headings and Table of Contents

  	
  12

  
	
  Section 1.10. Successors and Assigns

  	
  12

  
	
  Section 1.11. Separability Clause

  	
  12

  
	
  Section 1.12. Benefits of Indenture

  	
  12

  
	
  Section 1.13. Governing
  Law

  	
  12

  
	
  Section 1.14. Cross
  References

  	
  12

  
	
  Section 1.15. Counterparts

  	
  12

  
	
  Section 1.16. Legal
  Holidays

  	
  12

  
	
  Section 1.17. Securities in Foreign Currencies

  	
  13

  
	
  Section 1.18. Treatment
  of Securities as Debt

  	
  13

  
	
   

  	
   

  
	
  ARTICLE TWO

  	
   

  
	
  SECURITY FORMS

  	
   

  
	
   

  	
   

  
	
  Section 2.01. Forms Generally

  	
  13

  
	
  Section 2.02. Form of Certificate of Authentication

  	
  13

  
	
  Section 2.03. Securities in Global Form

  	
  14

  
	
   

  	
   

  
	
  ARTICLE THREE

  	
   

  
	
  THE
  SECURITIES

  	
   

  
	
   

  	
   

  
	
  Section 3.01. Amount Unlimited; Issuable in Series

  	
  14

  
	
  Section 3.02. Denominations

  	
  17

  
	
  Section 3.03. Authentication and Dating

  	
  17

  
	
  Section 3.04. Execution
  of Securities

  	
  18

  
	
  Section 3.05. Exchange and Registration of Transfer of
  Securities

  	
  19

  
	
  Section 3.06. Mutilated, Destroyed, Lost or Stolen Securities

  	
  21

  
	
  Section 3.07. Temporary
  Securities

  	
  22

  
	
  Section 3.08. Payment of Interest; Interest Rights Preserved

  	
  23

  
	
  Section 3.09. Persons
  Deemed Owners

  	
  24

  
	
  Section 3.10. Cancellation

  	
  24

  
	
  Section 3.11. Computation
  of Interest

  	
  24

  

 

ii

 

	
  ARTICLE FOUR

  	
   

  
	
  REDEMPTION
  OF SECURITIES

  	
   

  
	
   

  	
   

  
	
  Section 4.01. Applicability
  of Article

  	
  25

  
	
  Section 4.02. Election to Redeem; Notice to Trustee

  	
  25

  
	
  Section 4.03. Selection by Trustee of Securities to Be Redeemed

  	
  25

  
	
  Section 4.04. Notice of
  Redemption

  	
  25

  
	
  Section 4.05. Deposit of Redemption Price

  	
  26

  
	
  Section 4.06. Securities Payable on Redemption Date

  	
  26

  
	
  Section 4.07. Securities Redeemed in Part

  	
  27

  
	
   

  	
   

  
	
  ARTICLE FIVE

  	
   

  
	
  SINKING
  FUNDS

  	
   

  
	
   

  	
   

  
	
  Section 5.01. Applicability of Article

  	
  27

  
	
  Section 5.02. Satisfaction of Mandatory Sinking Fund Payments
  with Securities

  	
  27

  
	
  Section 5.03. Redemption of Securities for Sinking Fund

  	
  28

  
	
   

  	
   

  
	
  ARTICLE SIX

  	
   

  
	
  SATISFACTION
  AND DISCHARGE

  	
   

  
	
   

  	
   

  
	
  Section 6.01. Satisfaction and Discharge of Indenture

  	
  29

  
	
  Section 6.02. Satisfaction, Discharge and Defeasance of
  Securities of any Series

  	
  31

  
	
  Section 6.03. Application of Trust Money

  	
  32

  
	
  Section 6.04. Paying Agent to Repay Moneys Held

  	
  32

  
	
  Section 6.05. Return of Unclaimed Moneys

  	
  32

  
	
   

  	
   

  
	
  ARTICLE SEVEN

  	
   

  
	
  REMEDIES

  	
   

  
	
   

  	
   

  
	
  Section 7.01. Events of
  Default

  	
  33

  
	
  Section 7.02. Acceleration of Maturity; Rescission and Annulment

  	
  34

  
	
  Section 7.03. Collection of Indebtedness and Suits for
  Enforcement by Trustee

  	
  35

  
	
  Section 7.04. Trustee May File Proofs of Claim

  	
  36

  
	
  Section 7.05. Trustee May Enforce Claims without Possession
  of Securities

  	
  37

  
	
  Section 7.06. Application of Money Collected

  	
  37

  
	
  Section 7.07. Limitation on Suits

  	
  38

  
	
  Section 7.08. Unconditional Right of Holders to Receive
  Principal, Premium and Interest

  	
  38

  
	
  Section 7.09. Restoration of Rights and Remedies

  	
  38

  
	
  Section 7.10. Rights and Remedies Cumulative

  	
  39

  
	
  Section 7.11. Delay or Omission Not Waiver

  	
  39

  
	
  Section 7.12. Control
  by Holders

  	
  39

  
	
  Section 7.13. Waiver of
  Past Defaults

  	
  39

  
	
  Section 7.14. Undertaking
  for Costs

  	
  40

  
	
  Section 7.15. Waiver of Stay or Extension Laws

  	
  40

  

 

iii

 

	
  ARTICLE EIGHT

  	
   

  
	
  THE TRUSTEE

  	
   

  
	
   

  	
   

  
	
  Section 8.01. Certain Duties and Responsibilities

  	
  40

  
	
  Section 8.02. Notice of
  Defaults

  	
  42

  
	
  Section 8.03. Certain Rights of Trustee

  	
  42

  
	
  Section 8.04. Not Responsible for Recitals or Issuance of
  Securities

  	
  43

  
	
  Section 8.05. May Hold
  Securities

  	
  43

  
	
  Section 8.06. Money
  Held in Trust

  	
  43

  
	
  Section 8.07. Compensation and Reimbursement

  	
  44

  
	
  Section 8.08. Disqualification; Conflicting Interests

  	
  44

  
	
  Section 8.09. Corporate Trustee Required; Different Trustees for
  Different Series; Eligibility

  	
  44

  
	
  Section 8.10. Resignation and Removal; Appointment of Successor

  	
  45

  
	
  Section 8.11. Acceptance of Appointment by Successor

  	
  47

  
	
  Section 8.12. Merger, Conversion, Consolidation or Succession to
  Business

  	
  47

  
	
  Section 8.13. Preferential Collection of Claims against Company

  	
  48

  
	
  Section 8.14. Authenticating
  Agent

  	
  48

  
	
   

  	
   

  
	
  ARTICLE NINE

  	
   

  
	
  HOLDERS’
  LISTS AND REPORTS BY TRUSTEE AND COMPANY

  	
   

  
	
   

  	
   

  
	
  Section 9.01. Company to Furnish Trustee Names and Addresses of
  Holders

  	
  49

  
	
  Section 9.02. Preservation of Information; Communications to
  Holders

  	
  50

  
	
  Section 9.03. Reports
  by Trustee

  	
  51

  
	
  Section 9.04. Reports
  by Company

  	
  51

  
	
   

  	
   

  
	
  ARTICLE TEN

  	
   

  
	
  CONSOLIDATION,
  MERGER, CONVEYANCE OR TRANSFER

  	
   

  
	
   

  	
   

  
	
  Section 10.01. Company May Consolidate, etc., Only on
  Certain Terms

  	
  52

  
	
  Section 10.02. Successor Corporation Substituted

  	
  53

  
	
   

  	
   

  
	
  ARTICLE ELEVEN

  	
   

  
	
  SUPPLEMENTAL INDENTURES

  	
   

  
	
   

  	
   

  
	
  Section 11.01. Supplemental Indentures without Consent of
  Holders

  	
  53

  
	
  Section 11.02. Supplemental Indentures with Consent of Holders

  	
  54

  
	
  Section 11.03. Execution of Supplemental Indentures

  	
  56

  
	
  Section 11.04. Notice of Supplemental Indenture

  	
  56

  
	
  Section 11.05. Effect of Supplemental Indentures

  	
  56

  
	
  Section 11.06. Conformity with Trust Indenture Act

  	
  56

  
	
  Section 11.07. Reference in Securities to Supplemental
  Indentures

  	
  56

  
	
   

  	
   

  
	
  ARTICLE TWELVE

  	
   

  
	
  COVENANTS

  	
   

  
	
   

  	
   

  
	
  Section 12.01. Payment of Principal, Premium and Interest

  	
  57

  
	
  Section 12.02. Maintenance of Office or Agency

  	
  57

  
	
  Section 12.03. Money for Securities Payments to Be Held in Trust

  	
  57

  
	
  Section 12.04. Statement as to Compliance

  	
  58

  

 

iv

 

	
  Section 12.05. Corporate
  Existence

  	
  58

  
	
  Section 12.06. Permit No Vacancy in Office of Trustee

  	
  59

  
	
  Section 12.07. Waiver

  	
  59

  
	
   

  	
   

  
	
  ARTICLE THIRTEEN

  	
   

  
	
  SUBORDINATION
  OF THE SECURITIES

  	
   

  
	
   

  	
   

  
	
  Section 13.01. Agreement to Subordinate

  	
  59

  
	
  Section 13.02. Liquidation, Dissolution, Bankruptcy

  	
  59

  
	
  Section 13.03. Default on Senior Indebtedness

  	
  60

  
	
  Section 13.04. Acceleration of Payment of Securities

  	
  60

  
	
  Section 13.05. When Distribution Must Be Paid Over

  	
  61

  
	
  Section 13.06. Subrogation

  	
  61

  
	
  Section 13.07. Relative Rights

  	
  61

  
	
  Section 13.08. Subordination May Not Be Impaired by Company

  	
  62

  
	
  Section 13.09. Rights of Trustee and Paying Agent

  	
  62

  
	
  Section 13.10. Distribution or Notice to Representative

  	
  62

  
	
  Section 13.11. Article Thirteen Not to Prevent Events of
  Default or Limit Right to Accelerate

  	
  62

  
	
  Section 13.12. Trust Monies Not Subordinated

  	
  62

  
	
  Section 13.13. Trustee Entitled to Rely

  	
  63

  
	
  Section 13.14. Trustee to Effectuate Subordination

  	
  63

  
	
  Section 13.15. Trustee Not Fiduciary for Holders of Senior
  Indebtedness

  	
  63

  
	
  Section 13.16. Reliance by Holders of Senior Indebtedness on
  Subordination Provisions

  	
  63

  

 

v

 

JUNIOR SUBORDINATED DEBT INDENTURE, dated as of May 5,
2006, between AMERIPRISE FINANCIAL, INC., a Delaware corporation, having
its principal office at 707 2nd Avenue South, Minneapolis, Minnesota 55474 (the
“Company”), and U.S. BANK NATIONAL
ASSOCIATION, a national banking association, having its corporate trust office
at 60 Livingston Avenue, St. Paul, Minnesota 55107, as trustee hereunder
(the “Trustee”).

 

RECITALS OF THE COMPANY

 

The Company is authorized to borrow money for its
corporate purposes and to issue debentures, notes or other evidences of
unsecured indebtedness therefor; and for its corporate purposes, the Company
has determined to make and issue its debentures, notes or other evidences of
unsecured indebtedness to be issued in one or more series (the “Securities”), as hereinafter provided, up to such principal
amount or amounts as may from time to time be authorized by or pursuant to
the authority granted in one or more resolutions of the Board of Directors,
including Securities issued to evidence loans made to the Company of the
proceeds from the issuance from time to time by the Ameriprise Capital Trust I,
a Delaware statutory trust, the Ameriprise Capital Trust II, a Delaware
statutory trust, the Ameriprise Capital Trust III, a Delaware statutory trust
or the Ameriprise Capital Trust IV, a Delaware statutory trust, (each an “Issuer
Trust”), of undivided beneficial interests in the assets of such Issuer Trusts.

 

All things necessary to make this Indenture a valid
agreement of the Company, in accordance with its terms, have been done.

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

That, in consideration of the premises and of the
mutual covenants herein contained and of the purchase and acceptance of the
Securities by the holders thereof and of the sum of One Dollar to the Company
duly paid by the Trustee at or before the ensealing and delivery of these
presents, and for other valuable considerations, the receipt whereof is hereby
acknowledged, and in order to declare the terms and conditions upon which the
Securities are to be issued, IT IS HEREBY COVENANTED, DECLARED AND AGREED, by
and between the parties hereto, that all the Securities are to be executed,
authenticated and delivered subject to the further covenants and conditions
hereinafter set forth; and the Company, for itself and its successors, does
hereby covenant and agree to and with the Trustee and its successors in said
trust, for the benefit of those who shall hold the Securities, or any of them,
as follows:

 

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION

 

Section 1.01. Definitions.

 

For all purposes of this Indenture, of all indentures
supplemental hereto and all Securities issued hereunder except as otherwise
expressly provided or unless the context otherwise requires:  (a) the terms defined in this Article shall
have the meanings assigned to them in this Article, and include the plural as
well as the singular; (b) all terms used in this Indenture, in any
indenture supplemental hereto or in any such Securities which are defined in the
Trust Indenture Act shall have the meanings assigned to them in said Act; (c) all
accounting terms not 

 

1

 

otherwise defined herein or in such Securities shall
have the meanings assigned to them in accordance with generally accepted accounting
principles.

 

Certain terms used in Article Eight hereof are
defined in that Article.

 

“Act” when used with respect to any Holder has
the meaning specified in Section 1.04 hereof.

 

“Affiliate”
of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with
such specified Person. For the purposes of this definition, “control” when used with respect to any
specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

“Authenticating
Agent.”  See Section 8.14
hereof.

 

“Authorized
Newspaper” means a newspaper of general circulation in the same city
in which the Place of Payment with respect to Securities of a series shall
be located or in the Borough of Manhattan, The City of New York, printed in the
English language and customarily published on each Business Day, whether or not
published on Saturdays, Sundays or holidays. Whenever successive weekly
publications in an Authorized Newspaper are required hereunder they may be
made (unless otherwise expressly provided herein) on the same or different days
of the week and in the same or in different Authorized Newspapers.

 

“Bearer Rules”
means the provisions of the Internal Revenue Code, in effect from time to time,
governing the treatment of bearer obligations and any regulations thereunder including,
to the extent applicable to any series of Securities, proposed or
temporary regulations.

 

“Board of Directors”
means either the board of directors of the Company or any committee of that
board duly authorized to act for it in respect hereof.

 

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

 

“Business Day”
means (i) when used with respect to any payment, each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions
in the Place of Payment with respect to such payment are authorized or required
by law or executive order to close and (ii) when used for any other
purpose, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a
day on which banking institutions in the Borough of Manhattan, The City of New
York, or in the city in which the Corporate Trust Office of the Trustee is
located are authorized or required by law or executive order to close.

 

“Capital Securities”
means preferred undivided beneficial interests in the assets of an Issuer
Trust.

 

2

 

“Commission”
means the Securities and Exchange Commission, as from time to time constituted,
created under the Exchange Act, or at any time after the execution of this instrument
such Commission is not existing and performing the duties now assigned to it
under the Trust Indenture Act, then the body performing such duties on such
date.

 

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

 

“Company Consent,”
“Company Order” and “Company Request” mean, respectively, a
written consent, order or request signed in the name of the Company by its
Chairman of the Board, its Chairman of the Executive Committee of the Board,
any one of its Vice Chairmen, its President, any one of its Vice Presidents,
its Treasurer, any one of its Assistant Treasurers, its Comptroller, any one of
its Assistant Comptrollers, its Secretary or any one of its Assistant Secretaries,
and delivered to the Trustee.

 

“Corporate Trust
Office” means the principal office of the Trustee at which at any particular
time its corporate trust business shall be principally administered, which
office of U.S. Bank National Association, at the date of the execution of this
Indenture is located at 60 Livingston Avenue, St. Paul, Minnesota  55107-2292.

 

“corporation”
means a corporation, association, company or business trust.

 

“Defaulted Interest”:
 See Section 3.08 hereof.

 

“Depositary”
when used with respect to the Securities of any series issuable or issued,
in whole or in part, in the form of a Global Security, means the Person
designated as Depositary by the Company pursuant to Section 3.01 until a
successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include
each Person who is then a Depositary hereunder, and if at any time there is
more than one such Person, “Depositary” as used with respect to the Securities
of any such series shall mean the Depositary with respect to the
Securities of that series.

 

“Dollars”
and the sign “$” mean the coin or
currency of the United States of America as at the time of payment is legal
tender for the payment of public and private debts.

 

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

 

“Event of Default”:
 See Section 7.01 hereof.

 

“Federal Bankruptcy
Code”:  See Section 7.01
hereof.

 

“Foreign Currency”
means any currency issued by the government of any country other than the
United States of America or any composite currency (including, without
limitation, the European Currency Unit).

 

3

 

“Guarantee Agreement”
means, with respect to an Issuer Trust, a Guarantee Agreement for the benefit
of the holders of Capital Securities issued by such Issuer Trust, as the same may be
amended from time to time.

 

“Global Security”
means a Security issued to evidence all or a part of any series of
Securities which is executed by the Company and authenticated and delivered to
the Depositary or pursuant to the Depositary’s instructions, all in accordance
with this Indenture and pursuant to a Company Order, which shall be registered
in the name of the Depositary or its nominee.

 

“Holder”
means, unless otherwise established as contemplated by Section 3.01 with respect
to the Securities of any series, a Person in whose name a Security of any series is
registered in the Securities Register for the Securities of such series.

 

 “Indenture” means this instrument as
originally executed, or as it may be amended or supplemented from time to
time as herein provided, and shall include the form and terms of the
Securities of each series established as contemplated by Sections 2.01
and 3.01.

 

“interest”
when used with respect to any non-interest bearing Security means interest
payable after Maturity thereof.

 

“Interest Payment
Date” when used with respect to the Securities of any series means
the Stated Maturity of an installment of interest on the Securities of such
series.

 

“Issue Date”
means the first date on which Securities are issued pursuant to this Indenture.

 

“Issuer Trust”
has the meaning specified in the first recital of this Indenture.

 

“Maturity”
when used with respect to any Security means the date on which the principal of
such Security becomes due and payable whether at the Stated Maturity or by
declaration of acceleration, call for redemption, pursuant to a sinking fund,
notice of option to elect repayment or otherwise.

 

“Officer’s
Certificate” means a certificate of the Company signed by its
Chairman of the Board, its Chairman of the Executive Committee of the Board,
any one of its Vice Chairmen, its President, any one of its Vice Presidents,
its Treasurer, any one of its Assistant Treasurers, its Comptroller, any one of
its Assistant Comptrollers, its Secretary or any one of its Assistant Secretaries,
and delivered to the Trustee. Wherever this Indenture requires that an Officer’s
Certificate be signed also by an accountant or other expert, such accountant or
other expert (except as otherwise expressly provided in this Indenture) may be
in the employ of the Company and shall be acceptable to the Trustee.

 

“Opinion of Counsel”
means a written opinion of the General Counsel or Associate General Counsel of
the Company, or other counsel for the Company who may be an employee of
the Company and, if not an employee of the Company, who shall be acceptable to
the Trustee.

 

4

 

“Original Issue
Discount Security” means any Security less than the principal amount
of which becomes due and payable upon a declaration of acceleration pursuant to
Section 7.02 hereof.

 

“Outstanding”
when used with respect to Securities means, as of the date of determination,
all Securities theretofore authenticated and delivered under this Indenture, except:

 

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

 

(b)                                 Securities
or portions thereof for whose payment or redemption money in the necessary
amount has been theretofore deposited with the Trustee or any Paying Agent
(other than the Company) in trust or set aside and segregated in trust by the
Company (if the Company shall act as its own Paying Agent) for the Holders of
such Securities; provided, however, that, if such Securities or
portions thereof are to be redeemed, notice of such redemption has been duly
given pursuant to this Indenture or provision therefor satisfactory to the
Trustee has been made; and

 

(c)                                  Securities
paid or in exchange for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture unless proof satisfactory to the
Trustee is presented that any such Securities are held by a holder in due
course;

 

provided, however, that in determining whether the
Holders of the requisite principal amount of Securities Outstanding have given
any request, demand, authorization, direction, notice, consent or waiver
hereunder, (i) Securities owned by the Company or any other obligor upon
the Securities or any Affiliate of the Company or such other obligor shall be
disregarded and deemed not to be Outstanding, except that, in determining
whether the Trustee shall be protected in relying upon any such request,
demand, authorization, direction, notice, consent or waiver, only Securities
which the Trustee knows to be so owned shall be so disregarded (Securities so
owned which have been pledged in good faith may be regarded as Outstanding
if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right so to act with respect to such Securities and that the pledgee is not the
Company or any other obligor upon the Securities or any Affiliate of the Company
or such other obligor), and (ii) the principal amount of an Original Issue
Discount Security that shall be deemed to be outstanding for such purposes
shall be the amount of the principal thereof that would be due and payable as
of the date of such determination upon a declaration of acceleration pursuant
to Section 7.02 hereof.

 

“Overdue Rate”
when used with respect to the Securities of any series means the rate designated
as such, established as contemplated by Section 3.01 for the Securities of
such series.

 

“Paying Agent”
means any Person authorized by the Company to pay the principal of (or premium,
if any) or interest, if any, on any Securities on behalf of the Company.

 

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

 

5

 

“Permitted Junior
Securities” shall mean unsecured debt or equity securities of the
Company or any successor corporation issued pursuant to a plan of
reorganization or readjustment of the Company, as applicable, that are
subordinated in right of payment to all then outstanding Senior Indebtedness of
the Company, as applicable, at least to the same extent that the Securities are
subordinated to the payment of all Senior Indebtedness of the Company.

 

“Place of Payment”
when used with respect to the Securities of any series means the place or
places where the principal of (and premium, if any) and interest, if any, on
the Securities of such series are specified as payable, established as
contemplated by Section 3.01 or, if not so established, specified in Section 12.02.

 

“Predecessor
Securities” of any particular Security means every previous Security
evidencing all or a portion of the same debt as that evidenced by such
particular Security; and for the purposes of this definition, any Security
authenticated and delivered under Section 3.06 hereof in lieu of a
mutilated, lost, destroyed or stolen Security shall be deemed to evidence the
same debt as the mutilated, lost, destroyed or stolen Security.

 

“record date”:
 See Section 3.08 hereof.

 

“Redemption Date”
when used with respect to any Security or portion thereof to be redeemed means
the date fixed for such redemption pursuant hereto.

 

“Redemption Price”
when used with respect to any Security or portion thereof to be redeemed on any
Redemption Date means the price at which it is to be so redeemed, established
as contemplated by Section 3.01 exclusive of interest accrued and unpaid
to such Redemption Date.

 

“Representative”
means the trustee, agent or representative (if any) for an issue of Senior
Indebtedness; provided that if, and for so long
as, such Senior Indebtedness lacks such a Representative, then the
Representative for such Senior Indebtedness shall at all times constitute the
holder or holders of a majority in outstanding principal amount of obligations
under such Senior Indebtedness.

 

“Responsible
Officer” when used with respect to the Trustee means any officer of
the Trustee authorized by the Trustee to administer its corporate trust
matters.

 

“Securities”:
 See RECITALS OF THE COMPANY herein.

 

“Securities
Register” and “Securities
Registrar”:  See Section 3.05
hereof.

 

“Senior Indebtedness”
with respect to the Company means the principal, premium (if any) and interest
(including interest accruing on or after the filing of any petition in bankruptcy
or for reorganization relating to the Company, whether or not such claim for
post-petition interest is allowed in such proceeding) on and of all
indebtedness and obligations (other than the Securities, but including any
debentures, notes or other evidence of indebtedness issued under the Senior
Indenture or Senior Subordinated Indenture) of, or guaranteed or assumed by,
the Company that (i) are for borrowed money (ii) are evidenced by
bonds, debentures, notes or other similar instruments, (iii) represent
obligations to policyholders of insurance or investment 

 

6

 

contracts, (iv) represent a reimbursement
obligation with respect to a letter of credit, banker’s acceptance or similar
facility, or (v) represent the deferred purchase price of property or
services, in each case,  whether
outstanding on the Issue Date or thereafter created, incurred, assumed or
guaranteed, and all amendments, renewals, extensions, modifications and
refundings of such indebtedness and obligations, unless in any such case the
instrument by which such indebtedness or obligations are created, incurred,
assumed or guaranteed by the Company, or are otherwise evidenced, provides that
they are subordinated, or are not superior, in right of payment to the
Securities; provided, however, that Senior
Indebtedness shall not include, as applicable:

 

(1)                                  any
obligation of the Company to any Subsidiary of the Company,

 

(2)                                  any
liability for Federal, state, local or other taxes owed or owing by the Company
or any Subsidiary of the Company,

 

(3)                                  any
accounts payable or other liability to trade creditors (including guarantees
thereof or instruments evidencing such liabilities)

 

(4)                                  any
obligations with respect to any capital stock of the Company, or

 

(5)                                  any
indebtedness which by its terms is expressly made equal in rank and payment
with or subordinated to the Securities.

 

If any Senior Indebtedness is disallowed, avoided or
subordinated pursuant to the provisions of Section 548 of Title 11 of the
United States Code or any applicable state fraudulent conveyance law, such
Senior Indebtedness nevertheless will constitute Senior Indebtedness.

 

“Senior Indenture”
means an Indenture, dated as of May 5, 2006, between the Company and U.S.
Bank National Association, as trustee, as the same may be amended from
time to time.

 

“Senior Subordinated
Indenture” means a Subordinated Indenture, dated as of May 5,
2006, between the Company and U.S. Bank National Association, as trustee, as
the same may be amended from time to time.

 

“Stated Maturity”
when used with respect to any Security or any installment of interest thereon
means the date specified in such Security as the fixed date on which the
principal of such Security or such installment of interest is due and payable.

 

“Subsidiary”
of any Person means (i) any corporation of which such Person at the time
owns or controls, directly or through an intervening medium, more than fifty
per cent (50%) of each class of outstanding Voting Stock, (ii) any
limited liability company, general partnership, joint venture, joint stock
company or similar entity, of which such Person at the time owns or controls,
directly or through an intervening medium, more than fifty per cent (50%) of
its outstanding partnership, membership or similar voting interests, as the
case may be and (iii) any limited partnership of which such Person,
directly or through an intervening medium, is a general partner, and unless
otherwise specified shall mean a Subsidiary of the Company.

 

7

 

“Trust Agreement”
means, with respect to an Issuer Trust, the amended and restated trust
agreement of such Issuer Trust, as modified, amended or supplemented from time
to time.

 

“Trustee”
means the Person named as the “Trustee”
in the first paragraph of this instrument and, subject to the provisions of Article Eight
hereof, shall also include its successors and assigns as Trustee hereunder. If
there shall be at any one time more than one Trustee hereunder, “Trustee” shall mean each such Trustee and
shall apply to each such Trustee only with respect to the Securities of those series with
respect to which it is serving as Trustee.

 

“Trust Indenture
Act” and “TIA” means
the Trust Indenture Act of 1939, as amended and as in force at the date as of
which this instrument was executed, except as provided in Section 11.06
hereof.

 

“U.S. Government
Obligations” means securities which are (i) direct obligations
of the United States of America for the payment of which its full faith and credit
is pledged or (ii) obligations of a Person controlled or supervised by and
acting as an agency or instrumentality of the United States of America the
payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America, which, in either case, are not
callable or redeemable at the option of the issuer thereof, and which shall
also include a depository receipt issued by a bank or trust company as
custodian with respect to any such obligation set forth in (i) or (ii) above
or a specific payment of interest on or principal of any such obligation held
by such custodian for the account of the holder of a depository receipt; provided that (except as required by law)
such custodian is not authorized to make any deduction from the amount payable
to the holder of such depository receipt from any amount received by the
custodian in respect of the obligation evidenced by such depository receipt or
the specific payment of interest on or principal of such obligation.

 

“Vice President”
when used with respect to the Company means any vice president, whether or not
designated by a number or a word or words added before or after the title “vice president.”

 

“Voting Stock”
means stock of the class or classes having general voting power under ordinary
circumstances to elect at least a majority of the board of directors, managers
or trustees of such corporation (irrespective of whether or not at the time
stock of any other class or classes shall have or might have voting power
by reason of the happening of any contingency).

 

Section 1.02. Compliance Certificates and Opinions.

 

Upon any application or request by the Company to the
Trustee to take any action under any provision of this Indenture, the Company
shall furnish to the Trustee an Officer’s Certificate stating that all
conditions precedent (including any covenant compliance with which constitutes
a condition precedent), if any, provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that
in the opinion of such counsel all such conditions precedent, if any, have been
complied with, except that in the case of any such application or request as to
which the furnishing of such documents is specifically 

 

8

 

required by any provision of this Indenture relating
to such particular application or request, no additional certificate or opinion
need be furnished.

 

Every certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture shall
include

 

(a)                                  a
statement that each individual signing such certificate or opinion has read
such covenant or condition and the definitions herein relating thereto;

 

(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 each such individual, he has made such
examination or investigation as is necessary to enable him to express an
informed opinion as to whether or not such covenant or condition has been
complied with; and

 

(d)                                 a
statement as to whether, in the opinion of each such individual, such condition
or covenant has been complied with.

 

Section 1.03. Form of Documents Delivered to Trustee.

 

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

 

Any certificate or opinion of an officer of the
Company may be based, insofar as it relates to legal matters, upon a
certificate or opinion of, or representations by, counsel, unless such officer
knows, or in the exercise of reasonable care should know, that the certificate
or opinion or representations with respect to the matters upon which his
certificate or opinion is based are erroneous. Any such certificate or Opinion
of Counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the
Company stating that the information with respect to such factual matters is in
the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations
with respect to such matters are erroneous.

 

Any certificate, statement or opinion of an Officer of
the Company or of counsel may be based, insofar as it relates to
accounting matters, upon a certificate or opinion of or representations by an
accountant or firm of accountants in the employ of the Company, unless such
Officer or counsel, as the case may be, knows, or in the exercise of reasonable
care should know, that the certificate or opinion or representations with
respect to the accounting matters upon which his or her certificate, statement
or opinion is based are erroneous.

 

9

 

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

 

Section 1.04. Act of Holders.

 

(a)                                  Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders may be
embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by agent duly appointed in writing;
and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee,
and, where it is hereby expressly required, to the Company. Such instrument or
instruments (and the action embodied therein and evidenced thereby) are herein
sometimes referred to as the “Act”
of the Holders signing such instrument or instruments. Proof of execution of
any such instrument or of a writing appointing any such agent shall be sufficient
for any purpose of this Indenture and (subject to Section 8.01 hereof)
conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section 1.04.

 

(b)                                 The
fact and date of the execution by any Person of any such instrument or writing,
or the authority of the Person executing the same, may be proved in any manner
that the Trustee deems sufficient and in accordance with such reasonable requirements
as the Trustee may determine.

 

(c)                                  The
ownership of Securities of any series shall be proved by the Securities
Register.

 

(d)                                 Any
request, demand, authorization, direction, notice, consent, waiver or other
action by the Holder of any Security shall bind the Holder of every Security issued
upon the registration of transfer thereof or in exchange therefor or in lieu
thereof in respect of anything done or suffered to be done by the Trustee or
the Company or any agent of the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Security.

 

(e)                                  The
Company may set a record date for purposes of determining the identity of
Holders entitled to vote or consent or take any other action under this Indenture,
which record date shall not be more than 60 days nor less than 10 days prior to
the solicitation with respect thereto, and only such Holders shall be so
entitled.

 

Section 1.05. Notices, etc., to Trustee and Company.

 

Any request, demand, authorization, direction, notice,
consent, waiver or Act of Holders or other document provided or permitted by
this Indenture to be made upon, given or furnished to, or filed with,

 

(a)                                  the
Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee
at its Corporate Trust Office, or

 

10

 

(b)                                 the
Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (except as provided in Subsection (d) of Section 7.01
hereof) if in writing and mailed, first-class postage prepaid, to the Company
addressed to it at the address of its principal office specified in the first
paragraph of this instrument or at any other address previously furnished in
writing to the Trustee by the Company.

 

Section 1.06. Notice to Holders; Waiver.

 

Where this Indenture provides for notice to Holders of
any event, such notice shall be sufficiently given (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid,
to each Holder affected by such event, at his address as it appears in the
Securities Register, not later than the latest date, and not earlier than the
earliest date, prescribed for the giving of such notice. In any case where
notice to Holders is given by mail, neither the failure to mail such notice,
nor any defect in any notice so mailed, to any particular Holder shall affect
the sufficiency of such notice with respect to other Holders. Any notice mailed
in the manner prescribed by this Indenture shall be deemed to have been given
whether or not such Holder receives said notice. Where this Indenture provides
for notice in any manner, such notice may be waived in writing by the
Person entitled to receive such notice, either before or after the event, and
such waiver shall be the equivalent of such notice. Waivers of notice by
Holders shall be filed with the Trustee, but such filing shall not be a
condition precedent to the validity of any action taken in reliance upon such
waiver.

 

Section 1.07. Immunity of Incorporator, Stockholders, Officers and Directors.

 

No recourse shall be had for the payment of the
principal of (and premium, if any) or the interest, if any, on any Security of
any series, or for any claim based thereon, or upon any obligation, covenant or
agreement of this Indenture, against any incorporator, stockholder, officer or
director, as such, past, present or future of the Company or of any successor
corporation, either directly or indirectly through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law
or by the enforcement of any assessment or penalty or otherwise; it being
expressly agreed and understood that this Indenture and all the Securities are
solely corporate obligations, and that no personal liability whatever shall
attach to, or is incurred by, any incorporator, stockholder, officer or
director, past, present or future, of the Company or of any successor
corporation, either directly or indirectly through the Company or any successor
corporation, because of the incurring of the indebtedness hereby authorized or
under or by reason of any of the obligations, covenants or agreements contained
in this Indenture or in any of the Securities, or to be implied herefrom or
therefrom; and that all such personal liability is hereby expressly released
and waived as a condition of, and as part of the consideration for, the
execution of this Indenture and the issue of the Securities.

 

Section 1.08. Conflict with Trust Indenture Act.

 

If any provision hereof limits, qualifies or conflicts
with any provision deemed to be included in this Indenture by any of the
provisions of the Trust Indenture Act, such deemed-included provision shall
control.

 

11

 

Section 1.09. Effect of Headings and Table of Contents.

 

The Article and Section headings herein and
the Table of Contents are for convenience only and shall not affect the
construction hereof.

 

Section 1.10. Successors and Assigns.

 

All covenants and agreements in this Indenture by the
Company shall bind its successors and assigns, whether so expressed or not.

 

Section 1.11. Separability Clause.

 

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

 

Section 1.12. Benefits of Indenture.

 

Nothing in this Indenture or in the Securities,
expressed or implied, shall give to any Person, other than the parties hereto
and their successors hereunder, and the Holders of the Securities, any benefit
or any legal or equitable right, remedy or claim under this Indenture.

 

Section 1.13. Governing Law.

 

This Indenture and each Security shall be deemed to be
a contract made under the laws of the State of New York and this Indenture and
each Security for all purposes shall be governed by and construed in accordance
with the laws of the State of New York.

 

Section 1.14. Cross References.

 

All references herein to “Articles” and other subdivisions are to the corresponding
Articles or other subdivisions of this Indenture; and the words “herein” “hereof”
“hereby” “hereunder” “hereinbefore” and “hereinafter”
and other words of similar purport refer to this Indenture generally and not to
any particular Article, Section or other subdivision hereof.

 

Section 1.15. Counterparts.

 

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

 

Section 1.16. Legal Holidays.

 

In any case where any Interest Payment Date,
Redemption Date or Stated Maturity of a Security of any series is not a
Business Day at the relevant Place of Payment with respect to Securities of
such series, then notwithstanding any other provision of this Indenture or the
Securities, payment of interest, if any, or principal and premium, if any, with
respect to such Security need not be made at such Place of Payment on such date
but may be made on the next 

 

12

 

succeeding Business Day at such Place of Payment with
the same force and effect as if made on such Interest Payment Date or Redemption
Date or at the Stated Maturity, and no interest shall accrue on such payment
for the period from and after such Interest Payment Date, Redemption Date or
Stated Maturity, as the case may be.

 

Section 1.17. Securities in Foreign Currencies.

 

Whenever this Indenture provides for any action by, or
any distribution to, Holders of Securities denominated in Dollars and in any
Foreign Currency, in the absence of any provision to the contrary established
as contemplated by Section 3.01 for the Securities of any particular series,
any amount in respect of any Security denominated in a Foreign Currency shall
be treated for any such action or distribution as that amount of Dollars that
could be obtained for such amount on such reasonable basis of exchange and as
of such date as the Company may specify in a Company Order.

 

Section 1.18.
Treatment of Securities as Debt.

 

It is intended that the Securities shall be treated as
indebtedness and not as equity for federal income tax purposes. The provisions
of this Indenture shall be interpreted to further this intention.

 

ARTICLE TWO

SECURITY FORMS

 

Section 2.01. Forms Generally.

 

The Securities of each series shall be in
substantially the forms as shall be established by or pursuant to Board
Resolution or one or more indentures supplemental hereto, in each case with
such appropriate insertions, omissions, substitutions and other variations as
are required or permitted by this Indenture or any indenture supplemental
hereto, and may have such letters, numbers or other marks of
identification and such legends or endorsements placed thereon as may be
required to comply with any law or with any rules made pursuant thereto or
with any rules of any securities exchange or as may, consistently
herewith, be determined by the officers executing such Securities, as evidenced
by their execution of the Securities.

 

The definitive Securities of each series shall be
printed, lithographed or engraved or produced by any combination of these
methods on steel engraved borders or may be produced in any other manner,
all as determined by the officers executing such Securities, as evidenced by
their execution of such Securities.

 

Section 2.02. Form of Certificate of Authentication.

 

The Certificate of Authentication on all Securities
shall be in substantially the following form:

 

This is one of the Securities of the series designated
herein and referred to in the within-mentioned Indenture.

 

13

 

	
   

  	
  U.S.
  Bank National Association,

  
	
   

  	
  as
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  [Authorized Officer]

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  or

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  [As Authenticating Agent]

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  [Authorized Officer]

  	
   

  

 

Section 2.03. Securities in Global Form.

 

If any Security of a series is issuable as a
Global Security (in whole or in part), such Global Security may provide
that it shall represent the aggregate principal amount of Outstanding
Securities of such series from time to time represented thereby in the records
of the Trustee or endorsed thereon and may also provide that the aggregate
principal amount of Outstanding Securities of such series represented
thereby in the records of the Trustee or endorsed thereon may from time to
time be reduced or increased. Any change in the records of the Trustee or any
endorsement of a Global Security to reflect the aggregate principal amount, or
any increase or decrease in the amount, of Outstanding Securities represented
thereby shall be made by the Trustee in accordance with provisions established
as contemplated by Section 3.01.

 

ARTICLE THREE

THE SECURITIES

 

Section 3.01. Amount Unlimited; Issuable in Series.

 

The aggregate principal amount of Securities which may be
authenticated and delivered under this Indenture is unlimited.

 

The Securities may be issued in one or more
series. There shall be established in or pursuant to a Board Resolution or one
or more indentures supplemental hereto, prior to the issuance of any Securities
of any series:

 

(a)                                  the
title of the Securities of such series (which shall distinguish the Securities
of such series from all other series of Securities);

 

(b)                                 any
limit upon the aggregate principal amount of the Securities of such series which
may be authenticated and delivered under this Indenture (except for 

 

14

 

Securities authenticated
and delivered pursuant to Section 3.05, 3.06, 3.07, 4.07, or 11.07
hereof);

 

(c)                                  the
date or dates, or the method by which such date or dates will be determined or
extended, on which the principal of and premium, if any, on the Securities of
such series is payable;

 

(d)                                 the
Persons to whom interest on Securities of such series shall be payable, if
other than the Persons in whose names such Securities are registered at the
close of business on the record date for such interest;

 

(e)                                  the
rate or rates, or the method to be used in determining the rate or rates, at
which the Securities of such series shall bear interest, if any, the date
or dates from which such interest shall accrue or the method by which such date
or dates shall be determined, the Interest Payment Dates on which such interest
shall be payable and, if other than as set forth in Section 3.08 hereof,
the record date for the determination of Holders to whom such interest is
payable, and the basis upon which Interest shall be calculated if other than as
set forth in Section 3.11;

 

(f)                                    the
place or places at which (i) the principal of and premium, if any, and
interest, if any, on Securities of such series shall be payable if other
than as set forth in the third sentence of Section 12.02, (ii) registration
of transfer of Securities of such series may be effected, (iii) exchanges
of Securities of such series may be effected and (iv) notice and
demands to or upon the Company in respect of the Securities of such series and
this Indenture may be served; and if such is the case, that the principal
of such Securities shall be payable without the presentment or surrender
thereof;

 

(g)                                 the
price or prices at which, the period or periods within which and the terms and
conditions upon which Securities of such series may be redeemed, in
whole or in part, at the option of the Company, at the option of a Holder or
otherwise;

 

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

 

(i)                                     if
other than Dollars, the Foreign Currency or Foreign Currencies in which payment
of the principal of and premium, if any, and interest, if any, on the Securities
of such series shall be payable or in which such Securities will be
denominated;

 

(j)                                     if
the principal of and premium, if any, or interest, if any, on the Securities of
such series are to be payable, at the election of the Company or a Holder
thereof, in a coin or currency (including a composite currency) other than that
in which such Securities are stated to be payable, the period or periods within
which, and the terms and conditions upon which, such election may be made;

 

15

 

(k)                                  if
denominated or payable in any coin or currency, including composite currencies,
other than Dollars, or if the terms of the Securities provide that the
principal amount thereof payable at maturity may be more or less than the
principal face amount thereof at original issuance, the method by which the Securities
of such series shall be valued, which may be any reasonable method,
against the Securities of all other series for voting, the giving of any
request, demand, authorization, direction, notice, consent or waiver,
distribution and all other purposes hereof and any provisions required for purposes
of applying Sections 6.01 and 6.02 hereof;

 

(l)                                     if
the amount of payments of principal of and premium, if any, or interest, if
any, on the Securities of such series may be determined with reference
to an index, the formula or other method (which may be based on one or
more currencies (including a composite currency), commodities, equity indices
or other indices), and the manner in which such amounts shall be determined;

 

(m)                               if
other than denominations of $1,000 and any integral multiple thereof, the
denominations in which Securities of such series shall be issuable;

 

(n)                                 if
other than the principal amount thereof, the portion of the principal amount of
Securities of such series which shall be payable upon declaration of acceleration
of the Maturity thereof pursuant to Section 7.02 hereof or the method by
which such portion shall be determined;

 

(o)                                 any
addition to, or modification or deletion of, any Event of Default or any
covenant of the Company specified herein with respect to the Securities of such
series;

 

(p)                                 if
other than the rate of interest stated in the title of the Securities of such
series, the applicable Overdue Rate;

 

(q)                                 if
the Securities of such series do not bear interest, the applicable dates
for purposes of Section 9.01 hereof,

 

(r)                                    the
inapplicability to the Securities of such series of Section 6.02 relating
to satisfaction, discharge and defeasance of Securities or, if applicable, any
modification to Section 6.02 with respect to the Securities of such
series;

 

(s)                                  if
other than U.S. Bank National Association is to act as Trustee for the
Securities of such series, the name and Corporate Trust Office of such Trustee;

 

(t)                                    whether
the Securities of such series shall be issued in whole or in part in
the form of a Global Security or Securities and, in such case the terms
and conditions, if any, upon which such Global Security or Securities may be
exchanged in whole or in part for other definitive Securities, the
Depositary for such Global Security or Securities (which shall be a clearing
agency registered under the Exchange Act, or any other applicable statute or
regulation, to the extent required thereunder), whether such Global Security
shall be permanent or temporary, any limitations on the rights of the Holder or
Holders to transfer or exchange the same or to obtain the registration of
transfer thereof in addition to or in lieu of those set forth in Section 3.05,
any limitations on the rights of

 

16

 

the Holder or Holders
thereof to obtain certificates in definitive form, and, the provisions for determining
the aggregate principal amount of Outstanding Securities from time to time
represented thereby and any and all matters incidental to such Global Security
or Securities;

 

(u)                                 if
the Securities of such series may be converted into or exchanged for
other securities of the Company or any other Persons, the terms and conditions
pursuant to which the Securities of such series may be converted or
exchanged;

 

(v)                                 if
the principal of or premium, if any, or interest, if any, on the Securities of
such series are to be payable, at the election of the Company or a Holder
thereof, in securities or other property, the type and amount of such securities
or other property, or the method by which such amount shall be determined, and
the periods within which, and the terms and conditions upon which, any such
election may be made;

 

(w)                               if
the Securities of any such series are to be issuable as bearer securities,
any and all matters incidental thereto;

 

(x)                                   if
the Securities of such series are to be issued upon the exercise of a
warrant or right, the time, manner and place for such Securities to be authenticated
and delivered; and

 

(y)                                 any
other terms of the Securities of such series (which terms shall conform to
any applicable requirements of the TIA, and shall not materially adversely
affect the rights of the Holders of Securities then outstanding).

 

All Securities of any one series shall be
substantially identical except as to principal amount and except as may otherwise
be established as contemplated by this Section 3.01.

 

Section 3.02. Denominations.

 

Unless otherwise established as contemplated by Section 3.01,
the Securities of each series shall be issuable only in registered form without
coupons in such denominations as shall be established as contemplated by Section 3.01
or in the absence thereof, in denominations of $1,000 and any integral multiple
thereof.

 

Section 3.03. Authentication and Dating.

 

At any time and from time to time after the execution
and delivery of this Indenture, the Company may deliver Securities of any series executed
by the Company to the Trustee for authentication. Except as otherwise provided
in this Article, the Trustee shall thereupon authenticate and deliver, or cause
to be authenticated and delivered, said Securities pursuant to a Company Order.
In authenticating (or causing authentication of) such Securities, and accepting
the additional responsibilities under this Indenture in relation to such
Securities, the Trustee shall be entitled to receive, prior to the
authentication of such Securities, and (subject to Sections 8.01 and 8.03
hereof) shall be fully protected in relying upon:

 

17

 

(a)                                  a
Board Resolution relating thereto and, if applicable, an appropriate record of
any action taken pursuant to such resolution, in each case certified by the
Secretary or an Assistant Secretary of the Company;

 

(b)                                 an
executed supplemental indenture, if any, relating thereto;

 

(c)                                  an
Officer’s Certificate setting forth the form and terms of the Securities
of such series as established as contemplated by Sections 2.01 and
3.01 hereof (to the extent not set forth in the documents delivered pursuant to
Subsection 3.03(a) or 3.03(b)) and stating that all conditions
precedent provided for in this Indenture relating to the issuance of such
Securities have been complied with, that no Event of Default with respect to
the Securities of any Series has occurred and is continuing and that the
issuance of such Securities is not and will not result in (i) an Event of
Default or an event or condition which, upon the giving of notice or the lapse
of time or both, would become an Event of Default or (ii) a default under
the provisions of any other instrument or agreement by which the Company is
bound; and

 

(d)                                 an
Opinion of Counsel stating

 

(i)                             that
the form and terms of such Securities have been established as
contemplated by Sections 2.01 and 3.01 in conformity with the provisions
of this Indenture; and

 

(ii)                          that
such Securities, when executed and delivered by the Company, and authenticated
and delivered by or on behalf of the Trustee in the manner and subject to any
conditions specified in such Opinion of Counsel, will constitute legal, valid
and binding obligations of the Company, enforceable in accordance with their
terms, subject to bankruptcy, insolvency, reorganization and other laws of
general applicability relating to or affecting the enforcement of creditors’
rights, to general principles of equity and to such other qualifications as
such counsel shall conclude do not materially affect the rights of Holders of
such Securities.

 

The Trustee shall have the right to decline to
authenticate and deliver, or cause to be authenticated and delivered, any
Securities under this Section 3.03 if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the
Trustee in good faith shall determine that such action would expose the Trustee
to personal liability to existing Holders or would otherwise adversely affect
its rights, duties, obligations or immunities hereunder.

 

Unless otherwise provided in the form of
Securities of any particular series, each Security shall be dated the date of
its authentication.

 

Section 3.04. Execution of Securities.

 

The Securities shall be signed in the name and on
behalf of the Company by the manual or facsimile signatures of its Chairman of
the Board, any one of its Vice Chairmen, its President or any one of its Vice
Presidents, under its corporate seal (which may be printed, 

 

18

 

engraved or otherwise reproduced thereon, by facsimile
or otherwise) and attested to by its Secretary or any one of its Assistant
Secretaries, whose signatures may be manual or facsimile. Only such Securities
as shall bear thereon a certificate of authentication substantially in the form hereinbefore
recited, executed by or on behalf of the Trustee by manual signature, shall be
entitled to the benefits of this Indenture or be valid or obligatory for any
purpose. Such certificate by or on behalf of the Trustee upon any Security
executed by the Company shall be conclusive evidence that the Security so
authenticated has been duly authenticated and delivered hereunder and that the
Holder is entitled to the benefits of this Indenture.

 

In case any officer of the Company who shall have
signed any of the Securities shall cease to be such officer before the
Securities so signed shall have been authenticated and delivered by or on
behalf of the Trustee, or disposed of by the Company, such Securities
nevertheless may be authenticated and delivered or disposed of as though
the person who signed such Securities had not ceased to be such officer of the
Company; and any Security may be signed on behalf of the Company by such
persons as, at the actual date of the execution of such Security, shall be the
proper officers of the Company, although at the date of the execution of this
Indenture any such person was not such an officer.

 

Section 3.05. Exchange and Registration of Transfer of Securities.

 

Securities of any series (except for Global
Securities, which may only be exchanged in limited circumstances described
below) may be exchanged for a like aggregate principal amount of
Securities of the same series of other authorized denominations. Unless
otherwise established as contemplated by Section 3.01, Securities to be
exchanged shall be surrendered at any of the offices or agencies of the Company
maintained as provided in Section 12.02 hereof for such purpose, and the
Company shall execute and register, or cause to be registered, and the Trustee
shall authenticate and deliver, or cause to be authenticated and delivered, in
exchange therefor the Security or Securities which the Holder making such
exchange shall be entitled to receive.

 

Unless otherwise established as contemplated by Section 3.01,
the Company shall keep at the office or agency in the same city in which the
Corporate Trust Office of the Trustee is located, a register for the Securities
of each series issued hereunder (the register maintained at such office or
agency and at any other office or agency of the Company in a Place of Payment
being herein collectively referred to as the “Securities
Register”) in which, subject to such reasonable regulations as it may prescribe,
the Company shall provide for the registration of Securities of such series and
registration of transfer of such Securities as provided in this Article. Such
Securities Register shall be in written form or in any other form capable
of being converted into written form within a reasonable time. The Trustee
is hereby initially appointed “Securities Registrar” for the purpose of registering
Securities and registering transfers of Securities as herein provided. Upon due
presentment for registration of transfer of any Security of any series at
any of the offices or agencies of the Company maintained as provided in Section 12.02
hereof for such purpose, the Company shall execute and register, or cause to be
registered, and the Trustee shall authenticate and deliver, or cause to be
authenticated and delivered, in the name of the transferee or transferees a new
Security or Securities of the same series in authorized denominations for
an equal aggregate principal amount.

 

19

 

Every Security issued upon registration of transfer or
exchange of Securities pursuant to this Section 3.05 shall be the valid
obligation of the Company, evidencing the same debt, and entitled to the same
benefits under this Indenture, as the Security or Securities surrendered upon
registration of such transfer or exchange.

 

All Securities presented for registration of transfer
or for exchange, redemption or payment shall (if so required by the Company,
the Trustee or the Securities Registrar) be duly endorsed by, or be accompanied
by, a written instrument or instruments of transfer in form satisfactory
to the Company, the Trustee and the Securities Registrar duly executed by the
Holder thereof or his attorney duly authorized in writing.

 

No service charge shall be made for any registration
of transfer or exchange of Securities, but the Company may require payment
of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any registration of transfer or exchange of Securities,
other than exchanges pursuant to Section 3.07, 4.07 or 11.07 hereof not
involving any transfer.

 

The Company shall not be required (a) to issue, register
the transfer of or exchange any Security of any series during a period
beginning at the opening of business 15 days before the day of the mailing of a
notice of redemption of Securities of such series and ending at the close
of business on the day of such mailing or (b) to register the transfer of
or exchange any Security selected for redemption in whole or in part, except,
in the case of any Security to be redeemed in part, the portion thereof not to
be redeemed.

 

Each Global Security authenticated under this
Indenture shall be registered in the name of the Depositary designated for such
Global Security or a nominee thereof and delivered to such Depositary or a
custodian therefor, and each such Global Security shall constitute a single Security
for all purposes of this Indenture. Notwithstanding the foregoing and except as
otherwise specified as contemplated by Section 3.01, no Global Security
shall be registered for transfer or exchange, or authenticated or delivered,
pursuant to this Section 3.05 or Sections 3.06, 3.07, 4.07 or 11.07 in the
name of a Person other than the Depositary for such Security or its nominee
until (i) the Depositary with respect to a Global Security notifies the
Company in writing that it is unwilling or unable to continue as Depositary for
such Global Security or the Depositary ceases to be a clearing agency
registered under the Exchange Act or other applicable statute or regulation if
required thereunder, and the Company notifies the Trustee that it is unable to
locate a qualified successor Depositary, (ii) the Company executes and
delivers to the Trustee a Company Order that such Global Security shall be so
transferable and exchangeable or (iii) there shall have occurred and be
continuing an Event of Default with respect to the Securities of such Series. Upon
the occurrence in respect of any Global Security of any series of any one
or more of the conditions specified in clauses (i), (ii) or (iii) of
the preceding sentence or such other conditions as may be specified as
contemplated by Section 3.01 for such series, such Global Security may be
registered for transfer or exchange for Securities registered in the names of,
or authenticated and delivered to, such Persons as the Depositary with respect
to such series shall instruct the Trustee in writing. The Trustee, upon
receipt of such instruction, will authenticate and deliver Securities of such series of
like tenor and terms in definitive form in an aggregate principal amount
equal to the principal amount of the Global Security or Securities representing
such series in exchange for such Global Security or Securities.

 

20

 

Except as provided in the preceding paragraph, any
Security authenticated and delivered upon registration of transfer or, or in
exchange for, or in lieu of, any Global Security or any portion thereof,
whether pursuant to this Section 3.05, Section 3.06, 3.07, 4.07 or
11.07 or otherwise, shall also be a Global Security. Notwithstanding any other
provision of this Indenture, a Global Security may not be transferred
except as a whole by the Depositary for such Global Security to a nominee of
such Depositary or to another Depositary or a nominee thereof or by a nominee
of such Depositary to such Depositary or another nominee of such Depositary or
to another Depositary or a nominee thereof.

 

Upon such terms established as contemplated by Section 3.01
with respect to the Securities of any series, the Depositary for the Securities
of such series may surrender a Global Security for such series in
exchange in whole or in part for Securities of such series of like
tenor and terms and in definitive form. Thereupon the Company shall execute,
and the Trustee upon receipt of a Company Order shall authenticate and deliver,
without service charge, (i) to the Depositary or to each Person specified
by such Depositary a new Security or Securities of the same series, of like tenor
and terms in definitive form and of any authorized denomination as
requested by such Person in aggregate principal amount equal to and in exchange
for such Person’s beneficial interest in the Global Security, and (ii) to
such Depositary a new Global Security of like tenor and terms and in a
principal amount equal to the difference, if any, between the principal amount
of the surrendered Global Security and the aggregate principal amount of
Securities delivered pursuant to clause (i).

 

Upon the exchange of a Global Security for Securities
in definitive form, such Global Security shall be cancelled by the Trustee. Definitive
Securities issued in exchange for a Global Security pursuant to this Section shall
either be in global form, established as contemplated by Sections 2.01 and
3.01, or shall be registered in such names and in such authorized denominations
and delivered to the Depositary or to such Persons at such addresses as the
Depositary for such Global Security, pursuant to instructions from its direct
or indirect participants or otherwise, shall instruct the Trustee in writing.

 

Section 3.06. Mutilated, Destroyed, Lost or Stolen Securities.

 

In case any temporary or definitive Security of any series shall
become mutilated or be destroyed, lost or stolen, and in the absence of notice
to the Company or the Trustee that such Security has been acquired by a bona
fide purchaser, the Company in the case of a mutilated Security shall, and in
the case of a lost, stolen or destroyed Security may in its discretion,
execute, and upon a Company Request the Trustee shall authenticate and deliver,
or cause to be authenticated and delivered, a new Security of the same series bearing
a number, letter or other distinguishing symbol not contemporaneously
outstanding, in exchange and substitution for the mutilated Security, or in
lieu of and in substitution for the Security so destroyed, lost or stolen, or
if any such Security shall have become due and payable or shall be about to
become due and payable, instead of issuing a substituted Security, the Company may pay
or authorize the payment of the same without surrender thereof (except in the
case of a mutilated Security). In every case the applicant for a substituted
Security shall furnish to the Company and to the Trustee such security or
indemnity as may be required by them to save each of them harmless, and,
in every case of destruction, loss or theft, the applicant shall also furnish 

 

21

 

to the Company and to the Trustee evidence to their
satisfaction of the destruction, loss or theft of such Security and of the
ownership thereof.

 

Upon the issuance of any substituted Security under
this Section 3.06, the Company may require the payment of a sum
sufficient to cover any tax or other governmental charge that may be
imposed in relation thereto and any other expenses (including the fees and
expenses of the Trustee and any Authenticating Agent) connected therewith.

 

Every substituted Security of any series issued
pursuant to the provisions of this Section 3.06 by virtue of the fact that
any Security of such series is destroyed, lost or stolen shall constitute
an additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Security shall be at any time enforceable by anyone,
and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of that series duly
issued hereunder. All Securities shall be held and owned upon the express
condition that the foregoing provisions of this Section 3.06 are exclusive
with respect to the replacement or payment of mutilated, destroyed, lost or
stolen Securities and shall preclude (to the extent lawful) any and all other
rights or remedies with respect to the replacement or payment of negotiable instruments
or other securities without their surrender.

 

Section 3.07. Temporary Securities.

 

Pending the preparation of definitive Securities of
any series the Company may execute and the Trustee shall authenticate
and deliver, or cause to be authenticated and delivered, temporary Securities
of such series (printed, lithographed, typewritten, mimeographed or
otherwise produced). Temporary Securities shall be issuable in any authorized
denomination and substantially in the form of the definitive Securities in
lieu of which they are issued but with such omissions, insertions and
variations as may be appropriate for temporary Securities, all as may be
determined by the Company with the concurrence of the Trustee. Every such
temporary Security shall be executed by the Company and shall be authenticated
by or on behalf of Trustee upon the same conditions and in substantially the
same manner, and with the same effect, as the definitive Securities in lieu of
which they are issued. Without unreasonable delay the Company will execute and
deliver to the Trustee definitive Securities of such series and thereupon
any or all temporary Securities of such series may be surrendered in
exchange therefor, at any of the offices or agencies of the Company maintained
as provided in Section 12.02 hereof for such purpose, and the Trustee
shall authenticate and deliver, or cause to be authenticated and delivered, in
exchange for such temporary Securities an equal aggregate principal amount of
definitive Securities of such series. Such exchange shall be made by the
Company at its own expense and without any charge therefor except that in case
of any such exchange involving any registration of transfer the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in relation thereto. Until so exchanged, the temporary Securities of
any series shall in all respects be entitled to the same benefits under
this Indenture as definitive Securities of such series authenticated and
delivered hereunder. Notwithstanding the foregoing provisions of this Section 3.07,
Global Securities may remain in temporary form and, unless otherwise
established as contemplated by Section 3.01, shall not be exchangeable for
definitive Global Securities.

 

22

 

Section 3.08. Payment of Interest; Interest Rights Preserved.

 

The Holder at the close of business on any record date
with respect to any Interest Payment Date shall be entitled to receive the
interest, if any, payable on such Interest Payment Date notwithstanding the
cancellation of such Securities upon any transfer or exchange subsequent to the
record date and prior to such Interest Payment Date. Except as otherwise established
as contemplated by Section 3.01 for Securities of a particular series, the
term “record date” as used in this Section 3.08 with respect to any
Interest Payment Date, shall mean the last day of the calendar month preceding
such Interest Payment Date if such Interest Payment Date is the fifteenth day
of the calendar month, and shall mean the fifteenth day of the calendar month
preceding such Interest Payment Date if such Interest Payment Date is the first
day of the calendar month, whether or not such day shall be a Business Day.

 

If and to the extent the Company shall default in the
payment of the interest due on such Interest Payment Date, such defaulted
interest (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the registered Holder on such record
date by virtue of having been such Holder; and such Defaulted Interest shall be
paid by the Company, at its election in each case, as provided in clause (a) or
(b) below:

 

(a)                                  The
Company may make payment of any Defaulted Interest to the Holders entitled
thereto at the close of business on a subsequent record date established in the
following manner. The Company shall notify the Trustee in writing of the amount
of Defaulted Interest proposed to be paid on each applicable Security and the
date of the proposed payment, and at the same time the Company shall deposit
with the Trustee an amount of money equal to the aggregate amount proposed to
be paid in respect of such Defaulted Interest or shall make arrangements
satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the
Holders entitled to such Defaulted Interest as in this clause (a) provided.
Thereupon the Trustee shall fix a record date for the payment of such Defaulted
Interest which shall not be more than 15 days and not less than 10 days prior
to the date of the proposed payment and not less than 10 days after the receipt
by the Trustee of the notice of the proposed payment. The Trustee shall
promptly notify the Company of such record date and, in the name and at the
expense of the Company, shall cause notice of the proposed payment of such Defaulted
Interest and the record date therefor to be mailed, first-class postage
prepaid, to each Holder entitled thereto at his address as it appears on the
Securities Register, not less than 10 days prior to such record date. Notice of
the proposed payment of such Defaulted Interest and the record date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the
Holders of applicable Securities at the close of business on such record date
(notwithstanding the cancellation of such Securities upon any transfer or
exchange subsequent to such record date and prior to such payment) and shall no
longer be payable pursuant to the following clause (b).

 

(b)                                 The
Company may make payment of any Defaulted Interest on the Securities of
any series in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities of such series may be
listed, and upon such notice as may be required by such exchange, if,
after notice given by the Company 

 

23

 

to the Trustee of the
proposed payment pursuant to this clause (b), such manner of payment shall be
deemed practicable by the Trustee. Subject to the foregoing provisions of this Section 3.08,
each Security delivered under this Indenture upon registration of transfer of
or in exchange for or in lieu of any other Security shall carry the rights to
interest accrued and unpaid, and to accrue, which were carried by such other
Security.

 

Section 3.09. Persons Deemed Owners.

 

Prior to the due presentment for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name any Security is registered as the owner of such Security
for the purpose of receiving payment of principal of and premium, if any and
(subject to Section 3.08 hereof) interest, if any, on such Security and
for all other purposes whatsoever, whether or not such Security be overdue, and
neither the Company, the Trustee nor any agent of the Company or the Trustee
shall be affected by notice to the contrary.

 

None of the Company, the Trustee, any Paying Agent or
the Securities Registrar shall have any responsibility or liability for any
aspect of the records relating to or payments made on account of beneficial
ownership interests in a Global Security or for maintaining, supervising or reviewing
any records relating to such beneficial ownership interests and they shall be
protected in acting or refraining from acting on any such information provided
by the Depositary.

 

Section 3.10. Cancellation.

 

All Securities surrendered for the purpose of payment,
redemption, exchange or registration of transfer or for credit against any
sinking fund shall, if surrendered to the Company or any Paying Agent or any
Securities Registrar, be surrendered to the Trustee and promptly cancelled by
it, or, if surrendered to the Trustee, shall be promptly cancelled by it, and
no Securities shall be issued in lieu thereof except as expressly permitted by
any of the provisions of this Indenture. The Trustee shall destroy cancelled
Securities and deliver a certificate of such destruction to the Company unless,
by a Company Order, the Company directs that such cancelled Securities be
returned to it. If the Company shall acquire any of the Securities, however,
such acquisition shall not operate as a redemption or satisfaction of the
indebtedness represented by such Securities unless and until the same are
surrendered to the Trustee for cancellation.

 

Section 3.11. Computation of Interest.

 

Except as otherwise established as contemplated by Section 3.01
hereof for Securities of any series, interest on the Securities shall be
computed on the basis of a 360-day year of twelve 30-day months.

 

24

 

ARTICLE FOUR

REDEMPTION OF SECURITIES

 

Section 4.01. Applicability of Article.

 

The provisions of this Article shall be
applicable to all Securities which are redeemable before their Stated Maturity
except as otherwise established as contemplated by Section 3.01 hereof for
Securities of any series.

 

Section 4.02. Election to Redeem; Notice to Trustee.

 

The election of the Company to redeem any Securities
of any series shall be evidenced by or pursuant to a Board Resolution. In
case of any redemption at the election of the Company of less than all of the
Securities of a series, the Company shall, at least 60 days prior to the Redemption
Date fixed by the Company (unless a shorter notice shall be satisfactory to the
Trustee) deliver to the Trustee an Officer’s Certificate setting forth such
Redemption Date and the principal amount of Securities of such series to
be redeemed and stating that no default in payment of interest or Event of
Default has occurred and is continuing with respect to the Securities of such
series.

 

Section 4.03. Selection by Trustee of Securities to Be Redeemed.

 

If less than all the Securities of any series are
to be redeemed, the particular Securities of such series to be redeemed
shall be selected not more than 60 days prior to the Redemption Date by the
Trustee, from the Outstanding Securities of such series not previously
called for redemption, by such method as the Trustee shall deem fair and
appropriate (which is in compliance with the requirements of any national
securities exchange on which such Securities are listed) and which may provide
for the selection for redemption of portions (equal to the minimum authorized
denomination for Securities of such series or any integral multiple
thereof) of the principal of Securities of a denomination greater than the
minimum authorized denomination for Securities of such series.

 

The Trustee shall promptly notify the Company in
writing of the Securities selected for redemption and, in the case of any
Security selected for partial redemption, the principal amount thereof to be
redeemed.

 

For all purposes of this Indenture, unless the context
otherwise requires, all provisions relating to the redemption of Securities
shall relate, in the case of any Security redeemed or to be redeemed only in
part, to the portion of the principal amount of such Security which has been or
is to be redeemed, whether or not such provisions so provide.

 

Section 4.04. Notice of Redemption.

 

Notice of redemption shall be given by first-class mail,
postage prepaid, mailed not less than 30 nor more than 60 days prior to the
Redemption Date, to each Holder of Securities to be redeemed, at his address
appearing in the Securities Register. Neither the failure 

 

25

 

to mail such notice, nor any defect in any notice so
mailed, to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders.

 

All notices of redemption shall state:

 

(a)                                  the
Redemption Date,

 

(b)                                 the
Redemption Price, and accrued interest, if any,

 

(c)                                  if
less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the respective
principal amounts) of the Securities of such series to be redeemed,

 

(d)                                 that
on the Redemption Date the Redemption Price, together with accrued interest, if
any, to the Redemption Date, will become due and payable upon each such
Security, and that interest thereon shall cease to accrue from and after said
date,

 

(e)                                  the
place where such Securities are to be surrendered for payment of the Redemption
Price, and accrued interest, if any, and

 

(f)                                    that
the redemption is for a sinking fund, if that be the case.

 

Notice of redemption of the Securities to be redeemed
at the election of the Company shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company.

 

Section 4.05. Deposit of Redemption Price.

 

On or before any Redemption Date, the Company shall
deposit with the Trustee or with a Paying Agent (or, if the Company is acting
as its own Paying Agent, segregate and hold in trust as provided in Section 12.03
hereof) an amount of money sufficient to pay the Redemption Price of, and
accrued interest, if any, on, all the Securities or portions thereof which are
to be redeemed on that date.

 

Section 4.06. Securities Payable on Redemption Date.

 

Notice of redemption having been given as aforesaid,
the Securities or portions thereof so to be redeemed shall, on the Redemption
Date, become due and payable at the Redemption Price thereof together with
accrued interest, if any, thereon to the Redemption Date, and from and after
such date (unless the Company shall default in the payment of the Redemption
Price and such accrued interest, if any) such Securities or portions thereof
shall cease to bear interest. Upon surrender of such Securities for redemption
in accordance with said notice such Securities or specified portions thereof
shall be paid by the Company at the Redemption Price, together with any accrued
interest to the Redemption Date. Installments of interest whose Stated Maturity
is on or prior to the Redemption Date shall be payable to the Holders of such
Securities registered as such on the relevant record dates according to their
terms and the provisions of Section 3.08 hereof.

 

26

 

If any Security called for redemption shall not be so
paid upon surrender thereof on such Redemption Date, the principal and premium,
if any, shall, until paid, bear interest from the Redemption Date at the rate
borne by the Security.

 

Section 4.07. Securities Redeemed in Part.

 

Security of any series which is to be redeemed
only in part shall be surrendered at the Place of Payment (with, if the
Company or the Trustee so requires, due endorsement by, or a written instrument
of transfer in form satisfactory to the Company and the Trustee duly
executed by, the Holder thereof or his attorney duly authorized in writing) and
the Company shall execute and the Trustee shall authenticate and deliver, or
cause to be authenticated and delivered, to the Holder of such Security without
service charge, a new Security or Securities of the same series of any
authorized denomination as requested by such Holder in aggregate principal
amount equal to and in exchange for the unredeemed portion of the principal amount
of the Security so surrendered.

 

ARTICLE FIVE

SINKING FUNDS

 

Section 5.01. Applicability of Article.

 

The provisions of this Article shall be
applicable to any sinking fund for the retirement of Securities except as
otherwise established as contemplated by Section 3.01 for Securities of
any series.

 

The minimum amount of any sinking fund payment
established as contemplated by Section 3.01 for Securities of any series is
herein referred to as a “mandatory sinking fund payment,” and any permitted
payment in excess of such minimum amount established as contemplated by Section 3.01
for Securities of any series is herein referred to as an “optional sinking
fund payment.”

 

Section 5.02. Satisfaction of Mandatory Sinking Fund Payments with Securities.

 

In lieu of making all or any part of any
mandatory sinking fund payment with respect to any Securities of a series in
cash, the Company may at its option (a) deliver to the Trustee Securities
of that series theretofore purchased or otherwise acquired by the Company,
or (b) receive credit for the principal amount of Securities of that series which
have been redeemed either at the election of the Company pursuant to the terms
of such Securities or through the application of permitted optional sinking
fund payments pursuant to the terms of such Securities; provided that such Securities have not
been previously so credited. Such Securities shall be received and credited for
such purpose by the Trustee at the Redemption Price specified in such
Securities for redemption through operation of the sinking fund and the amount
of such mandatory sinking fund payment shall be reduced accordingly.

 

27

 

Section 5.03. Redemption of Securities for Sinking Fund.

 

Not less than 60 days prior to each sinking fund
payment date for the Securities of any series, the Company will deliver to the
Trustee a certificate signed by the Treasurer or any Assistant Treasurer of the
Company specifying the amount of such next ensuing mandatory sinking fund
payment, the portion thereof, if any, which is to be satisfied by payment of
cash and the portion thereof, if any, which is to be satisfied by delivering
and crediting Securities of such series pursuant to Section 5.02
(which Securities will accompany such certificate) and whether the Company
intends to make any permitted optional sinking fund payment in connection
therewith. Such certificate shall also state that no Event of Default has
occurred and is continuing with respect to Securities of such series. Such
certificate shall be irrevocable and upon its delivery the Company shall be
obligated to make the cash payment or payments therein referred to, if any, on
or before the next succeeding sinking fund payment date. In the case of the
failure of the Company to deliver such certificate when due (or to deliver the
Securities specified in this Section 5.03) the sinking fund payment due on
the next succeeding sinking fund payment date for Securities of that series shall
be paid entirely in cash and shall be sufficient to redeem the principal amount
of such Securities subject to a mandatory sinking fund payment without the
option to deliver or credit Securities as provided in Section 5.02 and
without the right to make any optional sinking fund payment, in connection
therewith.

 

Any sinking fund payment or payments (mandatory or
optional) with respect to the Securities of any particular series made in
cash plus any unused balance of any preceding sinking fund payments with
respect to Securities of such series made in cash which shall equal or
exceed $100,000 or the equivalent thereof in the Foreign Currency in which such
series is denominated (or a lesser sum if the Company shall so request)
shall be applied by the Trustee on the sinking fund payment date on which such
payment is made (or, if such payment is made before a sinking fund payment
date, on the sinking fund payment date following the date of such payment) to
the redemption of such Securities at the Redemption Price specified in such
Securities for operation of the sinking fund together with accrued interest, if
any, to the date fixed for redemption. Any sinking fund moneys not so applied
or allocated by the Trustee to the redemption of such Securities shall be added
to the next cash sinking fund payment received by the Trustee for Securities of
such series and, together with such payment, shall be applied in
accordance with the provisions of this Section 5.03. Any and all sinking
fund moneys with respect to the Securities of any particular series held
by the Trustee on the last sinking fund payment date with respect to Securities
of such series and not held for the payment or redemption of particular
Securities shall be applied by the Trustee, together with other moneys, if
necessary, to be deposited sufficient for the purpose, to the payment of the
principal of the Securities of such series at Maturity.

 

The Trustee shall select the Securities to be redeemed
upon such sinking fund payment date in the manner specified in the first
paragraph of Section 4.03 hereof and the Company shall cause notice of the
redemption thereof to be given in the manner provided in Section 4.04
hereof. Such notice having been duly given, the redemption of such Securities
shall be made upon the terms and in the manner stated in Sections 4.06 and
4.07 hereof.

 

On or before any sinking fund payment date, the
Company shall deposit with the Trustee an amount of money sufficient to pay any
interest accrued to the Redemption Date for 

 

28

 

Securities or portions thereof to be redeemed on such
sinking fund payment date pursuant to this Section 5.03.

 

The Trustee shall not redeem any Securities of any series with
sinking fund moneys or mail any notice of redemption of Securities of such series by
operation of the sinking fund therefor during the continuance of a default in
payment of interest on Securities of such series or of any Event of
Default (other than an Event of Default occurring as a consequence of this paragraph)
with respect to Securities of such series, except that if the notice of
redemption of any Securities of such series shall theretofore have been
mailed in accordance with the provisions hereof, the Trustee shall redeem such
Securities if cash sufficient for that purpose shall be deposited with the
Trustee for that purpose in accordance with the terms of this Article. Except
as aforesaid, any moneys in the sinking fund for Securities of such series at
the time when any such default or Event of Default shall occur and any moneys
thereafter paid into such sinking fund shall, during the continuance of such
default or Event of Default, be held as security for the payment of such Securities;
provided, however, that in case such Event of
Default or default shall have been cured or waived as, provided herein, such
moneys shall thereafter be applied on the next sinking fund payment date for
such Securities on which such moneys may be applied pursuant to the
provisions of this Section 5.03.

 

ARTICLE SIX

SATISFACTION AND DISCHARGE

 

Section 6.01. Satisfaction and Discharge of Indenture.

 

This Indenture shall cease to be of further effect
with respect to the Securities of any series (except as to the rights of
Holders of Outstanding Securities of such series to receive, from the
trust funds described in paragraph (a) of this Section 6.01, payment
of the principal of, premium, if any, and interest, if any, on such Outstanding
Securities on the Stated Maturity of such principal, premium, if any, or
installment of interest, if any, the Company’s obligations with respect to such
Outstanding Securities of such series under Sections 3.05, 3.06, 6.05
and 12.02 as may be applicable to Outstanding Securities of such series,
and the rights, powers, trusts, duties, indemnities and immunities of the Trustee
hereunder), and the Trustee for the Securities of such series, on demand of and
at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture with respect to the Securities of
such series, when

 

(a)                                  either

 

(i)                             all
the Securities of such series theretofore authenticated and delivered
(other than (A) Securities of such series which have been destroyed,
lost or stolen and which have been replaced or paid as provided in Section 3.06
hereof and (B) Securities of such series for whose payment money has
theretofore been deposited with the Trustee or the Paying Agent for the Securities
of such series in trust or segregated and held in trust by the Company and
thereafter repaid to the Company or discharged from such trust, as provided in Section 6.05
hereof) have been delivered to such Trustee for cancellation; or

 

29

 

(ii)                          all
Securities of such series not theretofore delivered to such Trustee for
cancellation

 

(A)                              have
become due and payable, or

 

(B)                                will
become due and payable at their Stated Maturity within one year, or

 

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

 

and the Company has deposited or caused to be
deposited with such Trustee irrevocably as trust funds in trust, specifically
pledged as security for, and dedicated solely to, the benefit of the Holders of
all Outstanding Securities of such series, with reference to this Section 6.01,
(i) money in an amount in the currency in which the Securities of such series are
denominated or (ii) U.S. Government Obligations in the case of Securities
denominated in Dollars or obligations issued or guaranteed by the government
which issued the currency in which the Securities of such series are
denominated in the case of Securities denominated in Foreign Currencies, which
through the payment of interest and principal in respect thereof in accordance
with their terms will provide, not later than the opening of business on the
due date of any payment referred to below, money in an amount in the currency
in which the Securities of such series are denominated, or (iii) a
combination thereof, sufficient, in the opinion of a nationally recognized firm
of independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge the entire indebtedness on all
Outstanding Securities of such series not theretofore delivered to such
Trustee for cancellation, for principal (and premium, if any) and interest, if
any, to the date of such deposit (in the case of Securities of such series which
have become due and payable), or to the Stated Maturity or Redemption Date, as
the case may be;

 

(b)                                 the
Company has paid or caused to be paid all other sums payable hereunder by the
Company in connection with Outstanding Securities of such series, including all
fees and expenses of the Trustee for such series; and

 

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

 

Notwithstanding the satisfaction and discharge of this
Indenture with respect to the Securities of any series, the obligations of the
Company with respect to Securities of any other series and to the Trustee
for the Securities of such series under Section 8.07 hereof shall
survive.

 

30

 

Section 6.02. Satisfaction, Discharge and Defeasance of Securities of any Series.

 

Unless otherwise established, as contemplated by Section 3.01,
with respect to Securities of any series, the Company shall, notwithstanding Section 6.01,
be deemed to have paid and discharged the entire indebtedness on all the
Outstanding Securities of any such series from and after the ninety-first
day after the date of the deposit referred to in paragraph (a) below, the
provisions of this Indenture (except as to the rights of Holders of Outstanding
Securities of such series to receive, from the trust funds described in
paragraph (a) below, payment of the principal of, premium, if any, and
interest, if any, on such Outstanding Securities on the Stated Maturity of such
principal, premium, if any, or installment of interest, if any, the Company’s
obligations with respect to such Outstanding Securities of such series under
Sections 3.05, 3.06, 6.05 and 12.02 as may be applicable to
Outstanding Securities of such series, and the rights, powers, trusts, duties,
indemnities and immunities of the Trustee hereunder) shall no longer be in
effect in respect of Outstanding Securities of such series, and the Trustee, at
the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of such indebtedness; provided that the following conditions shall have been
satisfied:

 

(a)                                  the
Company is permitted pursuant to Article Thirteen to deposit or cause to
be deposited and has deposited or caused to be deposited with the Trustee
irrevocably as trust funds in trust, specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of all Outstanding Securities
of such series, with reference to this Section 6.02, (i) money in an
amount in the currency in which the Securities of such series are
denominated or (ii) U.S. Government Obligations in the case of Securities
denominated in Dollars or obligations issued or guaranteed by the government
which issued the currency in which the Securities are denominated in the case
of Securities denominated in Foreign Currencies, which through the payment of
interest and principal in respect thereof in accordance with their terms will
provide, not later than the opening of business on the due date of any payment
referred to in this paragraph (a), money in an amount in the currency in which
the Securities of such series are denominated, or (iii) a combination
thereof, sufficient, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge the entire indebtedness on all
Outstanding Securities of such series for principal, premium, if any, and
interest, if any, to the Stated Maturity as such principal, premium, if any, or
interest, if any, becomes due and payable in accordance with the term of this
Indenture and the Securities of such series; provided,
however, the Company shall not
make or cause to be made the deposit provided by this clause (a) unless
the Company shall have delivered to the Trustee an Opinion of Counsel to the
effect that there will not occur any violation of the Investment Company Act of
1940, as amended, on the part of the Company, the trust funds representing
such deposit or the Trustee as a result of such deposit and the related
exercise of the Company’s option under this Section 6.02;

 

(b)                                 the
Company has paid or caused to be paid all other sums payable hereunder by the
Company in connection with the Outstanding Securities of such series, including
all fees and expenses of the Trustee for such series; and

 

31

 

(c)                                  the
Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for
relating to the satisfaction and discharge of the entire indebtedness on all
Outstanding Securities of such series have been complied with.

 

Section 6.03. Application of Trust Money.

 

(a)                                  Subject
to the provisions of Section 6.05, all money, U.S. Government Obligations
and other government obligations deposited with the Trustee for the Securities
of any series pursuant to Section 6.01 or 6.02, and all money received
by the Trustee in respect of U.S. Government Obligations and such other
government obligations deposited with the Trustee for the Securities of any series pursuant
to Section 6.01 or 6.02 shall be held in trust and applied by it, in
accordance with the provisions of the Securities of such series and this
Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may determine,
to the Persons entitled thereto, of the principal of, premium, if any, and
interest, if any, on the Securities of such series; but such money need not be
segregated from other funds except to the extent required by law and the
Trustee shall have no liability to pay interest thereon or for the investment
thereof. Money and securities so held in trust are not subject to Article Thirteen.

 

(b)                                 The
Trustee shall deliver or pay to the Company from time to time upon Company request
any U.S. Government Obligations, other government obligations or money held by
it as provided in Sections 6.01 and 6.02 which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, are then in excess of the
amount thereof which then would have been required to be deposited for the
purpose for which such U.S. Government Obligations, other government
obligations or money were deposited or received.

 

Section 6.04. Paying Agent to Repay Moneys Held.

 

Upon the satisfaction and discharge of this Indenture
all moneys then held by any Paying Agent under the provisions of this Indenture
shall, upon demand of the Company, be repaid to it or paid to the appropriate
Trustee, and thereupon such Paying Agent shall be released from all further
liability with respect to such moneys.

 

Section 6.05. Return of Unclaimed Moneys.

 

Any moneys deposited with or paid to the Trustee or
any Paying Agent for the Securities of any series pursuant to this
Article, or then held by the Company, in trust for the payment of the principal
of and premium, if any, or interest, if any, on Securities of such series and
not applied but remaining unclaimed by the Holders of Securities of such series for
two years after the date upon which the principal of and premium, if any, or
interest, if any, on such Securities, as the case may be, shall have
become due and payable, shall, unless otherwise required by mandatory
provisions of applicable escheat or abandoned or unclaimed property law, be
repaid to the Company by such Trustee or any Paying Agent on demand or (if then
held by 

 

32

 

the Company) shall be discharged from such trust; and
the Holder of any such Securities entitled to receive such payment shall
thereafter look only to the Company for the payment thereof; provided, however,
that, before being required to make any such repayment, such Trustee may (at
the expense of the Company) cause to be published once a week for two
successive weeks, in each case on any day of the week, in an Authorized
Newspaper in the same city in which the Place of Payment with respect to
Securities of such series shall be located and in an Authorized Newspaper
in the Borough of Manhattan, The City of New York, a notice (in such form as
may be deemed appropriate by such Trustee) that said moneys remain unclaimed
and that, after a date named therein, any unclaimed balance of said moneys then
remaining will be returned to the Company.

 

ARTICLE SEVEN

REMEDIES

 

Section 7.01. Events of Default.

 

“Event of Default” whenever used herein with respect
to Securities of any series means any one of the following events and such
other events as may be established with respect to the Securities of such series as
contemplated by Section 3.01 hereof, continued for the period of time, if
any, and after the giving of notice, if any, designated herein or therein, as
the case may be, unless the same is either not applicable to the
Securities of such series or is deleted or modified in the terms of the
Securities of such series established as contemplated by Section 3.01
hereof:

 

(a)                                  default
in the payment of any interest upon any Security of such series when the
same becomes due and payable, whether or not such payment shall be prohibited
by Article Thirteen, and continuance of such default for a period of 30
days; or

 

(b)                                 default
in the payment of all or any part of the principal of (or premium, if any,
on) any Security of such series at its Maturity, whether or not such
payment shall be prohibited by Article Thirteen; or

 

(c)                                  default
in the making or satisfaction of any sinking fund payment or analogous
obligation when the same becomes due and payable by the terms of the Securities
of such series; or

 

(d)                                 default
in the performance, or breach, of any covenant or warranty of the Company in respect
of the Securities of such series contained in this Indenture or in such
Securities (other than a covenant or warranty in respect of the Securities of
such series a default in whose performance or whose breach is elsewhere in
this Section 7.01 specifically dealt with) or established as contemplated
by Section 3.01 hereof for the Securities of such series, and continuance
of such default or breach for a period of 90 days after there has been given,
by registered or certified mail, to the Company by the Trustee for the
Securities of such series, or to the Company and such Trustee by the Holders of
at least 25% in principal amount of the Outstanding Securities of such series,
a 

 

33

 

written notice specifying
such default or breach and requiring it to be remedied and stating that such
notice is a “Notice of Default” hereunder; or

 

(e)                                  the
entry of a decree or order by a court having jurisdiction in the premises
adjudging the Company a bankrupt or insolvent, or approving as properly filed a
petition seeking reorganization, arrangement, adjustment or composition of or
in respect of the Company under Title 11 of the United States Code as now
constituted or hereafter amended (the “Federal Bankruptcy Code”)
or any other applicable Federal or State law, or appointing a receiver,
liquidator, assignee, trustee, sequestrator (or other similar official) of the
Company or of any substantial part of its property, or ordering the
winding up or liquidation of its affairs, and the continuance of any such
decree or order unstayed and in effect for a period of 60 consecutive days; or

 

(f)                                    the
institution by the Company of proceedings to be adjudicated a bankrupt or
insolvent, or the consent by it to the institution of bankruptcy or insolvency
proceedings against it, or the filing by it of a petition or answer or consent
seeking reorganization or relief under the Federal Bankruptcy Code or any other
applicable Federal or State law, or the consent by it to the filing of any such
petition or to the appointment of a receiver, liquidator, assignee, trustee,
sequestrator (or other similar official) of the Company or of any substantial part of
its property, or the making by it of an assignment for the benefit of
creditors, or the admission by it in writing of its inability to pay its debts
generally as they become due, or the taking of corporate action by the Company
in furtherance of any such action; or

 

(g)                                 any
other Event of Default established as contemplated by Section 3.01 hereof
for Securities of such series.

 

Section 7.02. Acceleration of Maturity; Rescission and Annulment.

 

If an Event of Default with respect to Securities of
any series at the time outstanding occurs and is continuing, then and in
each and every such case, unless the principal of all of the Securities of such
series shall have already become due and payable, the Trustee or the
Holders of not less than 25% in aggregate principal amount of the Outstanding
Securities of such series may declare the principal amount (or, if
the Securities of such series are Original Issue Discount Securities, such
portion of the principal amount as may be specified in the terms of such
series) of all the Securities of such series to be due and payable
immediately, by a notice in writing to the Company (and to the Trustee if given
by Holders), and upon any such declaration of acceleration the same shall
become immediately due and payable, anything in this Indenture or in the Securities
of such series or any resolution of the Board of Directors relating
thereto contained to the contrary notwithstanding.

 

At any time after such a declaration of acceleration
has been made and before a judgment or decree for payment of the money due has
been obtained or entered as hereinafter in this Article provided, the
Holders of a majority in principal amount of the Outstanding Securities of such
series, by written notice to the Company and the Trustee, may waive all
defaults with respect to such Securities and rescind and annul such declaration
and its consequences if

 

34

 

(a)                                  the
Company has paid or deposited with the Trustee a sum sufficient to pay

 

(i)                             all
overdue installments of interest, if any, on all Securities of such series;

 

(ii)                          the
principal of (and premium, if any, on) any and all Securities of such series which
have become due otherwise than by such declaration of acceleration and interest
thereon at the Overdue Rate applicable to the Securities of such series;

 

(iii)                       to the
extent that payment of such interest is lawful, interest upon any overdue
installment of interest at the Overdue Rate applicable to the Securities of
such series;

 

(iv)                      all sums
paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel and
other amounts owing the Trustee under Section 8.07; and

 

(b)                                 all
Events of Default with respect to Securities of such series, other than the
non-payment of the principal of Securities which have become due solely by such
acceleration, have been cured or waived as provided in Section 7.13 or 12.09
hereof.

 

No such waiver and rescission shall affect any
subsequent default or impair any right consequent thereon.

 

Section 7.03.                             Collection of Indebtedness and Suits for Enforcement by Trustee.

 

The Company covenants that if

 

(a)                                  default
is made in the payment of any installment of interest on any Security of any series when
such interest becomes due and payable and such default continues for a period
of 30 days,

 

(b)                                 default
is made in the payment of all or any part of the principal of (or premium,
if any, on) any Security of any series at the Maturity thereof, or

 

(c)                                  default
is made in the making or satisfaction of any sinking fund payment or analogous
obligation when the same becomes due pursuant to the terms of the Securities of
any series established as contemplated by Section 3.01,

 

the Company will, upon demand of the Trustee, pay to
the Trustee, for the benefit of the Holder of any such Security (or Holders of
Securities of any such series in the case of clause (c) above), the
whole amount then due and payable on any such Security (or Securities of any
such series in the case of clause (c) above) for principal, premium,
if any, and interest, if any, with interest upon the overdue principal (and
premium, if any) and, to the extent that payment of such interest shall be
legally enforceable, upon any overdue installment of interest, at the Overdue
Rate of any such Security (or Securities of any such series in the case of
clause (c) above); and, in addition 

 

35

 

thereto, such further amount as shall be sufficient to
cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of such Trustee, its agents
and counsel, and all other amounts owing the Trustee under Section 8.07.

 

If the Company fails to pay such amounts forthwith
upon such demand, the Trustee, in its own name and as trustee of an express
trust, may institute a judicial proceeding for the collection of the sums
so due and unpaid, and may prosecute such proceeding to judgment or final
decrees, and may enforce the same against the Company or any other obligor
upon such Securities and collect the moneys adjudged or decreed to be payable
in the manner provided by law out of the property of the Company or any other
obligor upon such Securities, wherever situated.

 

If an Event of Default occurs and is continuing with
respect to the Securities of any series, the Trustee may in its discretion
proceed to protect and enforce its rights and the rights of the Holders of the
Securities of such series by such appropriate judicial proceedings as such
Trustee shall deem most effectual to protect and enforce any such rights,
whether for the specific enforcement of any covenant or agreement in this
Indenture or in aid of the exercise of any power granted herein, or to enforce
any other proper remedy.

 

Section 7.04. Trustee May File Proofs of Claim.

 

The Trustee (irrespective of whether the principal of
the Securities of any series shall then be due and payable as therein
expressed or by declaration or otherwise and irrespective of whether the
Trustee shall have made any demand on the Company for the payment of overdue
principal or interest) shall be entitled and empowered, by intervention in such
proceeding or otherwise, in case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to the Company or any other
obligor upon the Securities of such series or the property of the Company
or of such other obligor or their creditors,

 

(i)                             to
file and prove a claim or claims for the whole amount of principal (or, if the
Securities of such series are Original Issue Discount Securities, such
portion of the principal amount as may be due and payable with respect to
such series pursuant to a declaration in accordance with Section 7.02
hereof), premium, if any, and interest, if any, owing and unpaid in respect of
the Securities of such series and to file such other papers or documents
as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and of the
Holders of the Securities of such series allowed in such judicial proceeding,
and

 

(ii)                          to
collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same;

 

and any receiver, assignee, trustee, liquidator,
sequestrator (or other similar official) in any such judicial proceeding is
hereby authorized by each Holder to make such payments to the Trustee, and in
the event that such Trustee shall consent to the making of such payments
directly to the 

 

36

 

Holders, to pay to the Trustee any amount due to it
for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts, due the Trustee under Section 8.07
hereof.

 

Nothing herein contained shall be deemed to authorize
the Trustee to authorize or consent to or accept or adopt on behalf of any
Holder any plan of reorganization, arrangement, adjustment or composition
affecting the Securities of any series or the rights of any Holder
thereof, or to authorize the Trustee to vote in respect of the claim of any
Holder in any such proceeding.

 

Section 7.05. Trustee May Enforce Claims without Possession of Securities.

 

All rights of action and claims under this Indenture
or the Securities of any series may be prosecuted and enforced by the
Trustee without the possession of any of the Securities of such series or
the production thereof in any proceeding relating thereto, and any such
proceeding instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment shall, after provision
for the payment of the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, be for the ratable benefit of
the Holders of the Securities in respect of which such judgment has been
recovered.

 

Section 7.06. Application of Money Collected.

 

Any moneys collected by the Trustee pursuant to this Article shall
be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal (or premium,
if any) or interest, if any, upon presentation of the several Securities with
respect to which such moneys were collected, and the notation thereon of the
payment if only partially paid and upon surrender thereof if fully paid.

 

FIRST:                                                           To
the payment of all amounts due the Trustee under Section 8.07 hereof.

 

SECOND:                                            to holders
of Senior Indebtedness of the Company to the extent required by Article Thirteen;

 

THIRD:       To the payment of the amounts then due and
unpaid upon such Securities for principal (and premium, if any) and interest,
if any, in respect of which or for the benefit of which such money has been
collected, ratably, without preference or priority of any kind, according to
the amounts due and payable on such Securities for principal (and premium, if
any) and interest, if any, respectively.

 

FOURTH:                                           The balance,
if any, to the Company.

 

Section 7.07. Limitation on Suits.

 

No Holder of any Security of any series shall
have any right to institute any proceeding, judicial or otherwise, with respect
to this Indenture, or for the appointment of a receiver or trustee (or other
similar official), or for any other remedy hereunder, unless

 

37

 

(1)                                  an
Event of Default shall have occurred and be continuing and such Holder
previously shall have given to the Trustee written notice of default with
respect to the Securities of such series and of the continuance thereof;

 

(2)                                  the
Holders of not less than 25% in principal amount of the Outstanding Securities
of such series shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default in its own name as Trustee
hereunder;

 

(3)                                  such
Holder or Holders have offered to the Trustee reasonable indemnity against the
costs, expenses and liabilities to be incurred in compliance with such request;

 

(4)                                  the
Trustee for 60 days after receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and

 

(5)                                  no
direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of
the Outstanding Securities of such series;

 

it being understood and intended that no one or more
Holders of Securities of such series shall have any right in any manner
whatever by virtue of, or by availing of, any provision of this Indenture to
affect, disturb or prejudice the rights of any other Holders of Securities of
such series, or to obtain or to seek to obtain priority or preference over any
other such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all the Holders
of the Securities of such series.

 

Section 7.08. Unconditional Right of Holders to Receive Principal, Premium and
Interest.

 

Notwithstanding any other provision of this Indenture,
the Holder of a Security of any series shall have the right which is
absolute and unconditional to receive payment of the principal of (and premium,
if any) and (subject to Section 3.08) interest, if any, on such Security
on the respective Stated Maturities expressed in such Security (or, in the case
of redemption, on the Redemption Date) and to institute suit for the
enforcement of any such payment, and such rights shall not be impaired without
the consent of such Holder.

 

Section 7.09. Restoration of Rights and Remedies.

 

If the Trustee or any Holder has instituted any
proceeding to enforce any right or remedy under this Indenture and such
proceeding has been discontinued or abandoned for any reason, or has been
determined adversely to the Trustee or to such Holder, then and in every such
case the Company, the Trustee and such Holder shall, subject to any determination
in such proceeding, be restored severally and respectively to their former positions
hereunder, and thereafter all rights and remedies of such Trustee and such
Holder shall continue as though no such proceeding had been instituted.

 

38

 

Section 7.10. Rights and Remedies Cumulative.

 

No right or remedy herein conferred upon or reserved
to the Trustee or to the Holders of the Securities of any series is
intended to be exclusive of any other right or remedy, and every right and
remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at
law or in equity or otherwise. The assertion or employment of any right or
remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy.

 

Section 7.11. Delay or Omission Not Waiver.

 

No delay or omission of the Trustee or of the Holders
of the Securities of any series to exercise any right or remedy accruing
upon any Event of Default shall impair any such right or remedy or constitute a
waiver of any such Event of Default or an acquiescence therein. Every right and
remedy given by this Article or by law to the Trustee or to such Holders may be
exercised from time to time, and as often as may be deemed expedient, by
the Trustee or by such Holders, as the case may be.

 

Section 7.12. Control by Holders.

 

The Holders of a majority in principal amount of the
Outstanding Securities of any series shall have the right to direct the
time, method and place of conducting any proceeding for any remedy available to
the Trustee or exercising any trust or power conferred on the Trustee, provided that

 

(a)                                  such
direction shall not be in conflict with any rule of law or with this
Indenture, unduly prejudice the rights of the Holders or involve the Trustee in
personal liability (it being understood that the Trustee shall have no
obligation to make any determination with respect to such conflict, prejudice
or liability), and

 

(b)                                 the
Trustee may take any other action deemed proper by the Trustee which is
not inconsistent with such direction.

 

Section 7.13. Waiver of Past Defaults.

 

The Holders of not less than a majority in principal
amount of the Outstanding Securities of any series may on behalf of
the Holders of all the Securities of such series waive any past default
hereunder and its consequences, except a default

 

(a)                                  in
the payment of the principal of (or premium, if any) or interest, if any, on
any Security of such series, or in the payment of any sinking fund installment
or analogous obligation with respect to the Securities of such series, or

 

(b)                                 in
respect of a covenant or provision hereof which under Article Eleven
hereof cannot be modified or amended without the consent of the Holder of each
Outstanding Security affected.

 

39

 

Upon any such waiver, such default shall cease to
exist, and any Event of Default arising therefrom shall be deemed to have been
cured, for every purpose of this indenture; but no such waiver shall extend to
any subsequent or other default or impair any right consequent thereon.

 

Section 7.14. Undertaking for Costs.

 

All parties to this Indenture agree, and each Holder
of a Security by his acceptance thereof shall be deemed to have agreed, that
any court may in its discretion require, in any suit for the enforcement
of any right or remedy under this Indenture, or in any suit against the Trustee
for any action taken or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that
such court may in its discretion assess reasonable costs, including
reasonable attorneys’ fees, against any party litigant in such suit, having due
regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section 7.14 shall not apply to
any suit instituted by such Trustee, to any suit instituted by any Holder, or
group of Holders, holding in the aggregate more than 10% in principal amount of
the Outstanding Securities of any series, or to any suit instituted by any
Holder for the enforcement of the payment of the principal of (or premium, if
any) or interest, if any, on any Security on or after the respective Stated Maturities
expressed in such Security (or, in the case of redemption, on or after the
Redemption Date).

 

Section 7.15. Waiver of Stay or Extension Laws.

 

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

 

ARTICLE EIGHT

THE TRUSTEE

 

Section 8.01. Certain Duties and Responsibilities.

 

(a)                                  Except
during the continuance of an Event of Default with respect to the Securities of
any series,

 

(i)                             the
Trustee undertakes to perform such duties and only such duties as are specifically
set forth in this Indenture with respect to the Securities of such series and
all other series, and no implied covenants or obligations shall be read into
this Indenture against the Trustee; and

 

(ii)                          in the
absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the 

 

40

 

opinions expressed
therein, upon certificates or opinions furnished to the Trustee and conforming
to the requirements of this Indenture; but in the case of any such certificates
or opinions which by any provision hereof are specifically required to be
furnished to the Trustee, the Trustee shall be under a duty to examine the same
to determine whether or not they conform to the requirements of this
Indenture.

 

(b)                                 In
case an Event of Default has occurred and is continuing with respect to the
Securities of any series, the Trustee shall exercise such of the rights and
powers vested in it by this Indenture with respect to the Securities of such series,
and use the same degree of care and skill in their exercise, as a prudent man
would exercise or use under the circumstances in the conduct of his own
affairs.

 

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

 

(i)                             this
Subsection shall not be construed to limit the effect of Subsection (a) of
this Section 8.01;

 

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

 

(iii)                       the Trustee
shall not be liable with respect to any action taken, suffered or omitted to be
taken by it in respect of the Securities of any series in good faith in
accordance with the direction of the Holders of a majority in principal amount
of the Outstanding Securities of such series pursuant to Section 7.12
relating to the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the
Trustee, under this Indenture; and

 

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

 

(d)                                 Whether
or not therein expressly so provided, every provision of this Indenture
relating to the conduct or affecting the liability of or affording protection
to the Trustee shall be subject to the provisions of this Section 8.01.

 

Section 8.02. Notice of Defaults.

 

Within 90 days after the occurrence of any default
hereunder with respect to the Securities of any series, the Trustee shall
transmit by mail to all Holders of the Securities of such series, as their
names and addresses appear in the Securities Register, notice of such default
hereunder with respect to the Securities of such series known to the
Trustee, unless such default shall have been cured or waived; provided, however,
that, except in the case of a default in the 

 

41

 

payment of principal of (or premium, if any) or
interest, if any, on any Security of such series, or in the payment of any
sinking fund installment or analogous obligation in respect thereof, the
Trustee shall be protected in withholding such notice if and so long as the
board of directors, the executive committee or a trust committee of directors
and/or Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the interest of such Holders; and provided, further,
that in the case of any default of the character specified in Section 7.01(d) hereof
no such notice to Holders shall be given until at least 30 days after the
occurrence thereof. For the purpose of this Section 8.02, the term “default” means any event which is, or
after notice or lapse of time or both would become, an Event of Default.

 

Section 8.03. Certain Rights of Trustee.

 

Subject to Section 8.01 hereof:

 

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

 

(b)                                 any
request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or a Company Order and any
resolution of the Board of Directors may be sufficiently evidenced by a
Board Resolution;

 

(c)                                  whenever
in the administration of this Indenture the Trustee shall deem it desirable
that a matter be proved or established prior to taking, suffering or omitting
any action hereunder, the Trustee (unless other evidence be herein specifically
prescribed) may, in the absence of bad faith on its part, rely upon an Officer’s
Certificate;

 

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

 

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

 

(f)                                    the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note or other
paper or document, but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see
fit, and, if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises
of the Company, personally or by agent or attorney;

 

42

 

(g)                                 the
Trustee may execute any of the trusts or powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys and the
Trustee shall not be responsible for any misconduct or negligence on the part of
any agent or attorney appointed with due care by it hereunder;

 

(h)                                 except
with respect to Section 12.01, the Trustee shall have no duty to inquire
as to the performance of the Company with respect to covenants contained in Article 12.
In addition, the Trustee shall not be deemed to have knowledge of an Event of
Default except (i) any default or Event of Default occurring pursuant to
Sections 12.01, 7.01(a) or 7.01(b) or (ii) any default or
Event of Default of which the Trustee shall have received written notification
or obtained actual knowledge; and

 

(i)                                     delivery
of reports, information and documents to the Trustee under Section 9.04 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 Officer’s Certificates).

 

Section 8.04. Not Responsible for Recitals or Issuance of Securities.

 

The recitals contained herein and in the Securities,
except the certificates of authentication, shall be taken as the statements of
the Company, and the Trustee and any Authenticating Agent assume no
responsibility for their correctness. The Trustee and any Authenticating Agent
make no representations as to the validity or sufficiency of this Indenture or
of the Securities. The Trustee and any Authenticating Agent shall not be accountable
for the use or application by the Company of Securities or the proceeds
thereof.

 

Section 8.05. May Hold Securities.

 

The Trustee, any Paying Agent, Securities Registrar,
Authenticating Agent or any other agent of the Company or the Trustee, in its
individual or any other capacity, may become the owner or pledgee of
Securities of any series and may otherwise deal with the Company with
the same rights it would have if it were not Trustee, Paying Agent, Securities
Registrar, Authenticating Agent or such other agent.

 

Section 8.06. Money Held in Trust.

 

Money held by the Trustee in trust hereunder need not
be segregated from other funds except to the extent required by law. The
Trustee shall be under no liability for interest on or investment of any money
received by it hereunder except as otherwise agreed with the Company and for
the sole benefit of the Company.

 

43

 

Section 8.07. Compensation and Reimbursement.

 

The Company agrees

 

(a)                                  to
pay to the Trustee from time to time reasonable compensation for all services
rendered by it hereunder (which compensation shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust);

 

(b)                                 except
as otherwise expressly provided herein, to reimburse the Trustee upon its
request for all reasonable expenses, disbursements and advances incurred or
made by the Trustee in accordance with any provision of this Indenture
(including the reasonable compensation and the expenses and disbursements of
its agents and counsel and of any Authenticating Agent), except to the extent
any such expense, disbursement or advance may be attributable to its
negligence or bad faith; and

 

(c)                                  to
indemnify the Trustee and its agents for, and to hold them harmless against,
any loss, liability or expense arising out of or in connection with the
acceptance or administration of this trust and performance of their duties
hereunder, including the costs and expenses (including fees and disbursements
of their counsel) of defending themselves against any claim or liability in
connection with the exercise or performance of any of their powers or duties
hereunder, except as to the Trustee or any agent to the extent any such loss,
liability or expense may be attributable to its own negligence or bad
faith.

 

As security for the performance of the obligations of
the Company under this Section 8.07, the Trustee shall have a lien prior
to the Securities upon all property and funds held or collected by the Trustee
as such, except funds held in trust for the payment of principal of (and
premium, if any) or interest, if any, on particular Securities. The provisions
of this Section 8.07 shall survive any Trustee succession and the
satisfaction and discharge of this Indenture. “Trustee” for purposes of this Section 8.07
shall include any predecessor trustee but the negligence and bad faith of any
Trustee shall not affect the rights of any other Trustee under this Section 8.07.

 

Section 8.08. Disqualification; Conflicting Interests.

 

Reference is made to Section 310(b) of the
Trust Indenture Act. For purposes of Section 310(b)(l) of the Trust
Indenture Act no Trustee shall be deemed to have a conflicting interest by
virtue of being Trustee for the Securities of more than one series or a
trustee under a Trust Agreement or Guarantee Agreement with respect to an
Issuer Trust.

 

Section 8.09. Corporate Trustee Required; Different Trustees for Different Series;
Eligibility.

 

There shall at all times be a Trustee hereunder for
the Securities of each series which shall be a corporation organized and
doing business under the laws of the United States of America or of any State
or the District of Columbia authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least $50,000,000,
subject to supervision or examination by Federal or State authority, and, if
there is such a corporation that 

 

44

 

has a corporate trust office in the Borough of Manhattan,
The City of New York, the State of New York, or in such other city as shall be
established as contemplated by Section 3.01 with respect to the Securities
of any series that is willing to act upon reasonable and customary terms,
having a corporate trust office in the Borough of Manhattan or such other city.
If such corporation publishes reports of condition at least annually, pursuant
to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section 8.09, the combined
capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so
published. A different Trustee may be appointed by the Company for the
Securities of each series prior to the issuance of such Securities. If the
initial Trustee for the Securities of any series is to be other than U.S.
Bank National Association, the Company and such Trustee shall, prior to the
issuance of such Securities, execute and deliver an indenture supplemental
hereto, which shall provide for the appointment of such Trustee as Trustee for
the Securities of such series and shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such Trustee. If at any
time the Trustee for the Securities of any series shall cease to be
eligible in accordance with the provisions of this Section 8.09, it shall
resign immediately in the manner and with the effect hereinafter specified in
this Article.

 

Section 8.10. Resignation and Removal; Appointment of Successor.

 

(a)                                  No
resignation or removal of the Trustee for the Securities of any series and
no appointment of a successor Trustee for the Securities of such series pursuant
to this Article shall become effective until the acceptance of appointment
by the successor Trustee under Section 8.11 hereof.

 

(b)                                 The
Trustee, or any Trustee or Trustees hereafter appointed for the Securities of
any series, may resign at any time with respect to the Securities of one
or more or all such series by giving written notice thereof to the Company.
If an instrument of acceptance by a successor Trustee for the Securities of any
series shall not have been delivered to the Trustee for the Securities of
such series within thirty days after the giving of such notice of
resignation, the resigning Trustee may petition any court of competent jurisdiction
for the appointment of a successor Trustee for the Securities of such series.

 

(c)                                  The
Trustee for the Securities of any series may be removed at any time
with respect to one or more or all such series by Act of the Holders of a
majority in aggregate principal amount of the Outstanding Securities of such
one or more series (each voting as a class) delivered to such Trustee and
to the Company.

 

(d)                                 If
at any time:

 

(i)                             the
Trustee for the Securities of any series shall fail to comply with Section 310(b) of
the Trust Indenture Act with respect to the Securities of such series after
written request therefor by the Company or by any Holder of Securities 

 

45

 

of such series who
has been a bona fide Holder of a Security of such series for at least six
months, or

 

(ii)                          such
Trustee shall cease to be eligible under Section 8.09 hereof and shall
fail to resign after written request therefor by the Company or by any such
Holder of Securities, or

 

(iii)                       such
Trustee shall become incapable of acting with respect to the Securities of such
series or shall be adjudged a bankrupt or insolvent or a receiver of such
Trustee or of its property shall be appointed or any public officer shall take
charge or control of such Trustee or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation,

 

then, in any such case, (1) the Company by a
Board Resolution may remove the Trustee, or (2) subject to Section 7.14
hereof, any Holder of a Security of such series who has been a bona fide
Holder of such Security for at least six months may, on behalf of himself and
all others similarly situated, petition any court of competent jurisdiction for
the removal of such Trustee and the appointment of a successor Trustee for the
Securities of such series.

 

(e)                                  If
the Trustee for the Securities of any series shall resign, be removed or
become incapable of acting, or if a vacancy shall occur in the office of
Trustee for the Securities of any series for any cause, the Company, by a
Board Resolution, shall promptly appoint a successor Trustee for the Securities
of such series. If, within one year after such resignation, removal or
incapability, or the occurrence of such vacancy, a successor Trustee for the
Securities of such series shall be appointed by Act of the Holders of a majority
in principal amount of the Outstanding Securities of such series delivered
to the Company and the retiring Trustee, the successor Trustee so appointed
shall, forthwith upon its acceptance of such appointment, become the successor
Trustee for the Securities of such series and supersede the successor Trustee
appointed by the Company. If no successor Trustee for the Securities of such series shall
have been so appointed by the Company or such Holders and accepted appointment
in the manner hereinafter provided, any Holder who has been a bona fide Holder
of a Security of such series for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee for the Securities of
such series.

 

(f)                                    The
Company shall give notice of each resignation and each removal of the Trustee
for the Securities of any series and each appointment of a successor
Trustee for the Securities of such series by mailing written notice of
such event by first-class mail, postage prepaid, to the Holders of the
Securities of such series as their names and addresses appear in the
Securities Register. Each notice shall include the name of such successor Trustee
and the address of its Corporate Trust Office.

 

Section 8.11. Acceptance of Appointment by Successor.

 

Every successor Trustee appointed hereunder shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an
instrument accepting such appointment, 

 

46

 

and thereupon the resignation or removal of the
retiring Trustee shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights,
powers, trusts and duties of the retiring Trustee; but, on request of the
Company or the successor Trustee, such retiring Trustee shall, upon payment of
its charges, execute and deliver an instrument transferring to such successor
Trustee all the rights, powers and trusts of the retiring Trustee, and shall
duly assign, transfer and deliver to such successor Trustee all property and
money held by such retiring Trustee hereunder, subject nevertheless to its
lien, if any, provided for in Section 8.07 hereof. Upon request of any
such successor Trustee, the Company shall execute any and all instruments for
more fully and certain vesting in and confirming to such successor Trustee all
such rights, powers and trusts.

 

In case of the appointment hereunder of a successor
Trustee for the Securities of one or more (but not all) series, the Company,
the predecessor Trustee and each successor Trustee for the Securities of any
applicable series shall execute and deliver an indenture supplemental
hereto which shall contain such provisions as shall be deemed necessary or
desirable to confirm that all the rights, powers, trusts and duties of the
predecessor Trustee for the Securities of any series as to which the
predecessor Trustee is not retiring shall continue to be vested in the
predecessor Trustee, and shall add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust and that each such Trustee shall be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts
hereunder administered by any other such Trustee.

 

No successor Trustee for the Securities of any series shall
accept its appointment unless at the time of such acceptance such successor
Trustee shall be qualified under Section 310(b) of the Trust
Indenture Act and eligible under Section 8.09.

 

Section 8.12. Merger, Conversion, Consolidation or Succession to Business.

 

Any corporation into which the Trustee for the
Securities of any series may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which such Trustee shall be a party, or any corporation succeeding
to all or substantially all of the corporate trust business of such Trustee,
shall be the successor of the Trustee for such series hereunder, provided such corporation shall be, with
respect to such series, otherwise qualified and eligible under this Article,
without the execution or filing of any paper or any further act on the part of
any of the parties hereto. In case any Securities of any series shall have
been authenticated, but not delivered, by the Trustee for such series or
an Authenticating Agent for such series, then in office, any successor by
merger, conversion or consolidation to such authenticating Trustee or
Authenticating Agent, as the case may be, may adopt such
authentication and deliver the Securities so authenticated with the same effect
as if such successor Trustee or successor Authenticating Agent had itself
authenticated such Securities.

 

47

 

Section 8.13. Preferential Collection of Claims against Company.

 

Reference is made to Section 311 of the Trust
Indenture Act, for purposes of which:

 

(i)                             The
term “cash transaction” means any
transaction in which full payment for goods or securities sold is made within
seven days after delivery of the goods or securities in currency or in checks
or other orders drawn upon banks or bankers and payable upon demand.

 

(ii)                          The term
“self-liquidating paper” means
any draft, bill of exchange, acceptance or obligation which is made, drawn,
negotiated or incurred by the Company for the purpose of financing the
purchase, processing, manufacturing, shipment, storage or sale of goods, wares
or merchandise and which is secured by documents evidencing title to possession
of, or a lien upon, the goods, wares or merchandise or the receivables or
proceeds arising from the sale of the goods, wares or merchandise previously
constituting the security, provided the
security is received by the Trustee simultaneously with the creation of the
creditor relationship with the Company arising from the making, drawing,
negotiating or incurring of the draft, bill of exchange, acceptance or
obligation.

 

Section 8.14. Authenticating Agent.

 

The Trustee may appoint an Authenticating Agent for
the Securities of each series which shall be acceptable to the Company, to
act on behalf of such Trustee and subject to its direction in connection with
the authentication of the Securities of such series. Each Authenticating Agent
shall at all times be a corporation organized and doing business under the laws
of the United States of America or of any State, authorized under such laws to
exercise corporate trust powers, having a combined capital and surplus of at
least $50,000,000, and subject to supervision or examination by Federal or
State authority. If such corporation publishes reports of condition at least
annually, pursuant to law or to the requirements of the aforesaid supervising
or examining authority, then for the purposes of this Section 8.14 the
combined capital and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent report of
condition so published.

 

Securities of any series authenticated by the
Authenticating Agent for the Securities of such series shall be entitled
to the benefits of this Indenture and shall be valid and obligatory for all
purposes as if authenticated by the Trustee for the Securities of such series. Whenever
reference is made in this Indenture to the authentication and delivery of
Securities of any series by the Trustee or such Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Trustee by the Authenticating Agent for the Securities
of such series and a certificate of authentication executed on behalf of
the Trustee by such Authenticating Agent.

 

Any corporation into which any Authenticating Agent may be
merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which any
Authenticating Agent shall be a party, or any 

 

48

 

corporation succeeding to the corporate agency
business of any Authenticating Agent, shall continue to be the Authenticating
Agent with respect to the Securities of all series for which it served as
Authenticating Agent without the execution or filing of any paper or any
further act on the part of the Trustee or such Authenticating Agent.

 

Any Authenticating Agent may at any time resign
by giving written notice of resignation to the Trustee and to the Company. The
Trustee may at any time terminate the agency of any Authenticating Agent
for the Securities of any series by giving written notice of termination
to such Authenticating Agent and to the Company. Upon receiving such a notice
of resignation or upon such a termination, or in case at any time any
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section 8.14, with respect to the Securities of one or
more or all series, the Trustee promptly shall appoint a successor
Authenticating Agent which shall be acceptable to the Company, and upon doing
so shall give written notice of such appointment to the Company and shall mail
notice of such appointment to all Holders of the Securities of such series as
the names and addresses of such Holders appear upon the Securities Register. Any
successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers, duties and responsibilities of
its predecessor hereunder with like effect as if originally appointed as
Authenticating Agent hereunder. No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section 8.14.

 

The Trustee agrees to pay to each Authenticating Agent
from time to time reasonable compensation for its services, and the Trustee
shall be entitled to be reimbursed for such payments subject to the provisions
of Section 8.07 hereof.

 

ARTICLE NINE

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

 

Section 9.01. Company to Furnish Trustee Names and Addresses of Holders.

 

The Company will furnish or cause to be furnished to
the Trustee (a) semi-annually, on a date not more than 15 days after each
regular record date with respect to an Interest Payment Date, if any, for the
Securities of each series, and (b) on semi-annual dates in each year to be
established as contemplated by Section 3.01 hereof if the Securities of
any series do not bear interest and (c) at such other times as the
Trustee may request in writing, within 30 days after receipt by the
Company of any such request, a list in such form as the Trustee may reasonably
require containing all the information in the possession or control of the
Company, or any of its Paying Agents other than the Trustee, as to the names
and addresses of the Holders of the Securities of such series, obtained since
the date as of which the next previous list, if any, was furnished. Any such
list may be dated as of a date not more than 15 days prior to the time
such information is furnished or caused to be furnished and need not include
information received after such date; provided,
however, that as long as the
Trustee is the Securities Registrar for the Securities of such series, no such
list shall be required to be furnished.

 

49

 

Section 9.02. Preservation of Information; Communications to Holders.

 

(a)                                  The
Trustee shall preserve, in as current a form as is reasonably practicable,
the names and addresses of Holders of the Securities of each series contained
in the most recent list furnished to such Trustee as provided in Section 9.01
hereof or in the Securities Register if such Trustee be the Securities Registrar
for such series and the names and addresses of Holders received by the
Trustee in its capacity as Paying Agent for the Securities of such series. The
Trustee may destroy any list furnished to it as provided in Section 9.01
hereof upon receipt of a new list so furnished.

 

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

 

(i)                             afford
such applicants access to the information preserved at the time by the Trustee
in accordance with Subsection (a) of this Section 9.02, or

 

(ii)                          inform such
applicants as to the approximate number of such Holders whose names and
addresses appear in the information preserved at the time by the Trustee in
accordance with Subsection (a) of this Section 9.02, and as to
the approximate cost of mailing to such Holders the form of proxy or other
communication, if any, specified in such application.

 

(c)           If the Trustee shall elect not to
afford such applicants access to such information, the Trustee shall upon the
written request of such applicants, mail to each Holder to whom the applicant
desires to communicate whose name and address appear in the information
preserved at the time by such Trustee in accordance with Subsection (a) of
this Section 9.02, a copy of the form of proxy or other communication
which is specified in such request, with reasonable promptness after a tender
to the Trustee of the material to be mailed and of payment, or provision for
the payment, of the reasonable expenses of mailing, unless within five days
after such tender, the Trustee shall mail to such applicants and file with the
Commission, together with a copy of the material to be mailed, a written
statement to the effect that, in the opinion of the Trustee, such mailing would
be contrary to the best interests of such Holders or would be in violation of
applicable law. Such written statement shall specify the basis of such opinion.
If the Commission, after opportunity for a hearing upon the objections
specified in the written statement so filed, shall enter an order refusing to
sustain any of such objections or if, after the entry of an order sustaining one
or more of such objections, the Commission shall find, after notice and opportunity
for hearing, that all the objections so sustained have been met and shall enter
an order so declaring, the Trustee shall mail copies of such material to all
such Holders 

 

50

 

with reasonable promptness after the entry of such
order and the renewal of such tender; otherwise the Trustee shall be relieved
of any obligation or duty to such applicants respecting their application.

 

(d)                                 Every
Holder of Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee, nor any agent
of the Company or the Trustee, shall be held accountable by reason of the disclosure
of any such information as to the names and addresses of the Holders in
accordance with Subsection (b) of this Section 9.02, regardless
of the source from which such information was derived, and that the Trustee
shall not be held accountable by reason of mailing any material pursuant to a
request made under Subsection (b) of this Section 9.02.

 

Section 9.03. Reports by Trustee.

 

(a)                                  Within
60 days after the first May 15 which occurs not less than 60 days
following the first date of issuance of the Securities of any series under
this Indenture and within 60 days after May 15 in every year thereafter,
the Trustee shall transmit by mail to all Holders of such series, as their
names and addresses appear in the Securities Register, any brief report, dated
as of such May 15, required by Section 313(a) of the Trust Indenture
Act and at such other times in such manner such other reports as may be required
by Section 313 of the Trust Indenture Act in each case with respect to the
Securities of such series. A copy of each such report shall, at the time of
such transmission to such Holders, be filed by such Trustee with each stock
exchange upon which such Securities are listed and also with the Commission. The
Company will notify such Trustee when such Securities are listed on any stock
exchange.

 

Section 9.04. Reports by Company.

 

The Company will

 

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

 

(b)                                 file
with such Trustee and the Commission, in accordance with rules and
regulations prescribed from time to time by the Commission, such additional
information, documents and reports with respect to compliance by the Company
with the conditions 

 

51

 

and covenants of this
Indenture as may be required from time to time by such rules and
regulations; and

 

(c)                                  transmit
by mail to all Holders, as their names and addresses appear in the Securities
Register, within 30 days after the filing thereof with the Trustee, such
summaries of any information, documents and reports required to be filed by the
Company pursuant to paragraphs (a) and (b) of this Section 9.04
as may be required by rules and regulations prescribed from time to
time by the Commission.

 

(d)                                 Notwithstanding
the foregoing Section 9.04(a) and (b), the Company will be deemed to
have filed the reports required by Section 9.04(a) and (b) to
the Trustee if it has filed such reports with the SEC via the EDGAR filing
system and such reports are publicly available.

 

ARTICLE TEN

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER

 

Section 10.01. Company May Consolidate, etc., Only on Certain Terms.

 

The Company shall not consolidate with or merge into
any other Person or convey, transfer or lease all or substantially all of its
properties and assets to any Person or group of Persons other than to a direct
or indirect wholly-owned Subsidiary, unless:

 

(1)                                  the
Person formed by such consolidation or into which the Company is merged or the
Person or group of Persons that acquires by conveyance or transfer, or which
leases, all or substantially all of the properties and assets of the Company shall
be a Person organized and existing under the laws of the United States of
America, any State thereof or the District of Columbia, and shall expressly
assume, by an indenture supplemental hereto, executed and delivered to the
Trustee for the Securities of each series in form satisfactory to
such Trustee, the due and punctual payment of the principal of and interest on
all the Securities and the performance of every covenant of this Indenture on
the part of the Company to be performed or observed;

 

(2)                                  immediately
after giving effect to such transaction, no Event of Default, and no event
that, after notice or lapse of time, or both, would become an Event of Default,
shall have occurred and be continuing other than an Event of Default which will
be cured by such merger or other transaction; and

 

(3)                                  the
Company has delivered to such Trustee an Officer’s Certificate and an Opinion
of Counsel each stating that such consolidation, merger, conveyance, transfer
or lease and, if a supplemental indenture is required in connection with such
transaction, and such supplemental indenture comply with this Article and
that all conditions precedent herein provided for relating to such transaction
have been complied with.

 

The provisions of this Section 10.01 shall not be
applicable to a merger or consolidation in which the Company is the surviving
corporation.

 

52

 

Section 10.02. Successor Corporation Substituted.

 

Upon any consolidation or merger, or any conveyance or
transfer of the properties and assets of the Company substantially as an
entirety in accordance with Section 10.01, the successor corporation
formed by such consolidation or into which the Company is merged or to which
such conveyance or transfer is made shall succeed to, and be substituted for
and may exercise every right and power of, the Company under this
Indenture with the same effect as if such successor corporation had been named
as the Company herein, and thereafter the predecessor corporation shall be relieved
of all obligations and covenants under the Indenture and the Securities.

 

ARTICLE ELEVEN

SUPPLEMENTAL INDENTURES

 

Section 11.01. Supplemental Indentures
without Consent of Holders.

 

(a)                                  Without
the consent of any Holders, the Company, when authorized by Board Resolution,
and the Trustee at any time and from time to time may enter into one or
more indentures supplemental hereto, in form satisfactory to the Trustee,
for any of the following purposes:

 

(i)                             to evidence the succession of another
corporation to the Company, and the assumption by any such successor of the
covenants of the Company herein and in the Securities contained; or

 

(ii)                          to add
to or modify the covenants or Events of Default of the Company, for the benefit
of the Holders of the Securities of any or all series, to convey, transfer, assign,
mortgage or pledge any property to or with such Trustee, or to surrender any
right or power herein conferred upon the Company; or

 

(iii)                       to make any
change in Article Thirteen that would limit or terminate the benefits
available to any holder of Senior Indebtedness of the Company (or
Representatives thereof) under Article Thirteen; or

 

(iv)                      to establish
the form and terms of the Securities of any series as contemplated by
Section 2.01 or 3.01 hereof; or

 

(v)                         to add to
or change any of the provisions of this Indenture as is necessary or advisable
to facilitate the issuance of Securities of any series in bearer form,
registrable or nonregistrable as to principal and with or without interest
coupons, and to provide for exchangeability of such Securities with the
Securities of the same series issued hereunder in fully registered form and
to make all appropriate changes for such purpose, or to permit or facilitate
the issuance of Securities in uncertificated form; or

 

(vi)                      to cure any
ambiguity, to correct or supplement any provision herein which may be defective
or inconsistent with any other provision herein, or 

 

53

 

to make any other
provisions with respect to matters or questions arising under this Indenture
which shall not adversely affect the interests of the Holders in any material
respect; or

 

(vii)                   to supplement
any of the provisions of this Indenture to such extent as shall be necessary to
permit or facilitate the defeasance and discharge of any series of
Securities pursuant to Article Six, provided that any such action shall
not adversely affect the interests of the Holders of Securities of such series or
any other series of Securities in any material respect;

 

(viii)                to add to or
change any of the provisions of this Indenture to provide that bearer
Securities may be registrable as to principal, to change or eliminate any
restrictions on the payment of principal of, or premium, if any, or interest on
bearer Securities or on the delivery of bearer Securities, or to permit bearer
Securities to be issued in exchange for bearer Securities of other authorized
denominations, provided any such
action shall not adversely affect the interests of the Holders of bearer
Securities of any series or any related coupons in any material respect
unless such amendment is required to comply with the Bearer Rules; or

 

(ix)                        to
evidence and provide for the acceptance of appointment hereunder of a Trustee
other than U.S. Bank National Association, as Trustee for the Securities of any
series of Securities and to add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, pursuant to the requirements
of Section 8.09 hereof; or

 

(x)                           to
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series or to add to
or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, pursuant to the requirements of Section 8.11 hereof; or

 

(xi)                        to add to,
change or eliminate any of the provisions of this Indenture; provided, that any such addition, change
or elimination (i) shall become effective only when no Security of any series entitled
to the benefits of such provision and issued prior to the execution of such
supplemental indenture is outstanding or (ii) shall not apply to any
outstanding Security.

 

(b)                                 An
amendment under this Section 11.01 may not make any change that
adversely affects the rights under Article Thirteen of any holder of
Senior Indebtedness of the Company then outstanding unless the holders of such
Senior Indebtedness (or any group or Representative thereof authorized to give
a consent) consent to such change.

 

Section 11.02. Supplemental Indentures with Consent of Holders.

 

Subject to Sections 7.12 and 7.13 hereof, with
the consent of the Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of each series 

 

54

 

affected thereby, by Act of said Holders delivered to
the Company and the Trustee, the Company, when authorized by Board Resolution,
and the Trustee may enter into an indenture or indentures supplemental
hereto for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Indenture or of modifying in any
manner the rights of the Holders of the Securities of such series under
this Indenture; provided, however, that no such supplemental
indenture shall, without the consent of the Holder of each Outstanding Security
affected thereby,

 

(a)                                  change
the Stated Maturity of the principal of, or any installment of interest on, any
Security, or reduce the principal amount thereof or the interest thereon, or
any premium payable on the redemption thereof, or change the Place of Payment,
or the coin or currency in which any Security or the interest, if any, thereon
is payable, or reduce the amount of the principal of an Original Issue Discount
Security that would be due and payable upon an acceleration of the Maturity
thereof or adversely affect the right of repayment, if any, at the option of
the Holder, or reduce the amount of, or postpone the date fixed for, any
payment under the sinking fund for any Security, or impair the right to
institute suit for the enforcement of any such payment on or after the Stated
Maturity thereof (or, in the case of redemption, on or after the Redemption
Date), or

 

(b)                                 reduce
the percentage in principal amount of the Outstanding Securities of any series,
the consent of whose Holders is required for any such supplemental indenture,
or the consent of whose Holders is required for any waiver of compliance with
certain provisions of this Indenture or certain defaults hereunder and their
consequences provided for in this Indenture, or

 

(c)                                  modify
the provisions of this Indenture with respect to the subordination of the
Securities of any series in a manner adverse to the Holders thereof, or

 

(d)                                 modify
any of the provisions of this Section 11.02 or Section 7.13 hereof,
except to increase any such percentage or to provide that certain other
provisions of this Indenture cannot be modified or waived without the consent
of the Holder of each Security affected thereby.

 

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

 

It shall not be necessary for any Act of Holders under
this Section 11.02 to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such Act shall approve
the substance thereof.

 

An amendment under this Section 11.02 may not
make any change that adversely affects the rights under Article Thirteen
of any holder of Senior Indebtedness then outstanding 

 

55

 

unless the holders of such Senior Indebtedness (or any
group or Representative thereof authorized to give a consent) consent to such
change.

 

Section 11.03. Execution of Supplemental Indentures.

 

In executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article or the
modifications thereby of the trusts created by this Indenture, the Trustee for
the Securities of any series shall be entitled to receive, and (subject to
Sections 8.01 and 8.03 hereof) shall be fully protected in relying upon,
an Opinion of Counsel stating that the execution of such supplemental indenture
is authorized or permitted by this Indenture. Such Trustee may, but shall not
be obligated to, enter into any such supplemental indenture which affects such
Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 

Section 11.04. Notice of Supplemental Indenture.

 

Promptly after the execution by the Company and the
appropriate Trustee of any supplemental indenture pursuant to Section 11.02
hereof, the Company shall transmit by mail to all Holders of Securities of any series affected
thereby, as their names and addresses appear in the Securities Register, a
notice setting forth in general terms the substance of such supplemental
indenture.

 

Section 11.05. Effect of Supplemental Indentures.

 

Upon the execution of any supplemental indenture under
this Article, this indenture shall be modified in accordance therewith but only
with respect to the Securities of each series affected by such
supplemental indenture, and such supplemental indenture shall form a part of
this Indenture for all purposes with respect to the Securities of such series;
and every Holder of Securities of any such series theretofore or
thereafter authenticated and delivered hereunder shall be bound thereby.

 

Section 11.06. Conformity with Trust Indenture Act.

 

Every supplemental indenture executed pursuant to this
Article shall conform to the requirements of the Trust Indenture Act
as then in effect.

 

Section 11.07. Reference in Securities to Supplemental Indentures.

 

Securities of any series authenticated and
delivered after the execution of any supplemental indenture pursuant to this Article may,
and shall if required by the Trustee, bear a notation in form approved by
the Trustee as to any matter provided for in such supplemental indenture. If
the Company shall so determine, new Securities so modified as to conform, in
the opinion of the Trustee and the Board of Directors, to any such supplemental
indenture may be prepared and executed by the Company and authenticated
and delivered by or on behalf of such Trustee in exchange for Outstanding
Securities of the same series.

 

56

 

ARTICLE TWELVE

COVENANTS

 

Section 12.01. Payment of Principal, Premium and Interest.

 

The Company will duly and punctually pay the principal
of, premium, if any, and interest, if any, on the Securities of each series in
accordance with the terms of such Securities established as contemplated by Section 3.01
and this Indenture.

 

Section 12.02. Maintenance of Office or Agency.

 

The Company will maintain in each Place of Payment for
the Securities of any series, an office or agency where Securities of such series may be
presented or surrendered for payment, where Securities of such series may be
surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities of such series and
this Indenture may be served; provided,
however, that at the option of
the Company payment of interest may be made (subject to collection) by
check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register. With respect to the Securities of any
series, such office or agency and each Place of Payment shall be as established
as contemplated by Section 3.01. In the absence of establishment as
contemplated by Section 3.01 with respect to the Securities of any series,
(i) the Place of Payment for such Securities shall be in the city that the
Corporate Trust Office shall be in and (ii) such office or agency in such
Place of Payment shall initially be the Corporate Trust Office of the Trustee. The
Company will give prompt written notice to the Trustee of the location, and any
change in the location, of any such office or agency, if at any time the
Company shall fail to maintain any such required office or agency or shall fail
to furnish the Trustee for the Securities of each series with the address
thereof, such presentations, surrenders, notices and demands may be made
or served at the Corporate Trust Office of such Trustee, and the Company hereby
appoints the Trustee its agent to receive all such presentations, surrenders,
notices and demands with respect to the Securities of such series.

 

The Company may also from time to time designate
one or more other offices or agencies (in or outside the Place of Payment)
where the Securities of one or more series may be presented or
surrendered for any or all of such purposes specified above, and may from
time to time rescind such designations; provided,
however, that no such designation
or rescission shall in any manner relieve the Company of its obligation to
maintain an office or agency in each Place of Payment for such purpose.

 

Section 12.03. Money for Securities Payments to Be Held in Trust.

 

If the Company shall at any time act as its own Paying
Agent, it will, on or before each due date of the principal of (and premium, if
any) or interest, if any, on, any of the Securities of any series, segregate
and hold in trust for the benefit of the Persons entitled thereto a sum sufficient
to pay the principal, premium, if any, or interest, if any, so becoming due
until such sums shall be paid to such Persons or otherwise disposed of as
herein provided, and will promptly notify the Trustee of such series of
its failure so to act.

 

57

 

Whenever the Company shall have one or more Paying
Agents, it will, on or before each due date of the principal of (and premium,
if any) or interest, if any, on, any Securities of any series, deposit with a
Paying Agent for the Securities of such series a sum sufficient to pay the
principal, premium, if any, or interest, if any, so becoming due, such sum to
be held in trust for the benefit of the Persons entitled to such principal, premium
or interest, if any, and (unless such Paying Agent is the Trustee for the
Securities of such series) the Company will promptly notify such Trustee at its
Corporate Trust Office of its failure so to act.

 

The Company will cause each Paying Agent for the
Securities of any series 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 12.03, that such Paying
Agent will

 

(a)                                  hold
all sums held by it for the payment of the principal of, premium, if any, or
interest, if any, on the Securities of such series 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;

 

(b)                                 give
such Trustee notice of any default by the Company (or any other obligor upon
the Securities of such series) in the making of any payment of principal,
premium, if any, or interest, if any; and

 

(c)                                  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.

 

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

 

Section 12.04. Statement as to Compliance.

 

The Company will file with the Trustee within four
months after the close of each fiscal year (which, until the Company shall
otherwise notify the Trustee, shall be deemed to be the calendar year) a brief
certificate, which need not comply with Section 1.02 hereof, from the
principal executive, financial or accounting officer of the Company as to his
or her knowledge of the Company’s compliance with all conditions and covenants
under this Indenture (without regard to any period of grace or requirement of
notice provided in this Indenture).

 

Section 12.05. Corporate Existence.

 

Subject to Article Ten hereof, the Company will
do or cause to be done all things necessary to preserve and keep in full force
and effect its corporate existence.

 

58

 

Section 12.06. Permit No Vacancy in Office of Trustee.

 

The Company, whenever necessary to avoid or fill a
vacancy in the office of the Trustee for the Securities of any series, will
appoint, in the manner provided in Section 8.10 hereof, a Trustee for the
Securities of such series, so that there shall at all times be a Trustee for
the Securities of every series hereunder.

 

Section 12.07. Waiver.

 

Without limitation of the rights of the Holders and
the Company with respect to waivers and amendments set forth in
Sections 7.13 and 11.02, the Company may omit in any particular
instance to comply with a covenant or provision hereof which non-compliance
could constitute a default hereunder (other than (i) a covenant or
provision with respect to the payment of the principal of (or premium, if any)
or interest, if any, on any Security of any series, or in payment of any
sinking fund installment or analogous obligation with respect to the Securities
of such series or (ii) a covenant or provision which under Article Eleven
hereof cannot be modified or amended without the consent of the Holder of each
Outstanding Security affected), if before or after the time for such compliance
the Holders of at least a majority in principal amount of the Securities at the
time Outstanding of any series affected by the omission shall, by Act of
such Holders, either waive such compliance in such instance or generally waive
compliance with such covenant or provision, but no such waiver shall extend to
or affect such covenant or provision except to the extent so expressly waived,
and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such covenant or provision
shall remain in full force and effect.

 

ARTICLE THIRTEEN

 

SUBORDINATION OF THE SECURITIES

 

Section 13.01. Agreement to Subordinate.

 

The Company agrees, and each Holder by accepting a
Security agrees, that the indebtedness evidenced by the Securities is
subordinated in right of payment, to the extent and in the manner provided in
this Article Thirteen, to the prior payment in full of all existing and
future Senior Indebtedness of the Company and that the subordination is for the
benefit of and enforceable by the holders of such Senior Indebtedness. All
provisions of this Article Thirteen shall be subject to Section 13.12.

 

Section 13.02. Liquidation, Dissolution, Bankruptcy.

 

Upon any payment or distribution of the assets of the
Company to creditors upon a total or partial liquidation or a total or partial
dissolution of the Company or in a bankruptcy, reorganization, insolvency,
receivership or similar proceeding relating to the Company or its property or
upon an assignment by the Company for the benefit of creditors:

 

(a)                                  holders
of Senior Indebtedness of the Company shall be entitled to receive payment in
full in cash (or other consideration acceptable to the applicable holder of
Senior Indebtedness) of such Senior Indebtedness (including interest accruing
after, or 

 

59

 

which would accrue but
for, the commencement of any such proceeding at the rate specified in the
applicable Senior Indebtedness, whether or not a claim for such interest would
be allowed) before any payment or distribution (other than Permitted Junior
Securities), whether in cash, securities or other property, shall be made by
the Company on account of principal, interest or other amounts owing in respect
of the Securities; and

 

(b)                                 until
the Senior Indebtedness of the Company is paid in full in cash (or other
consideration acceptable to the applicable holder of Senior Indebtedness), any
payment or distribution (other than Permitted Junior Securities), whether in
cash, securities or other property, to which Holders would be entitled but for
this Article Thirteen shall be made to holders of such Senior Indebtedness,
for application to the payment thereof, as their interests may appear,
except that the Holders may receive and retain payments made from the
trust described under Article 6, so long as, on the date or dates the
respective amounts were paid into the trust such payments were made with
respect to the Securities without violating this Article Thirteen.

 

Section 13.03. Default on Senior Indebtedness.

 

The Company may not pay principal of, premium (if
any) or interest on, the Securities or make any deposit pursuant to the
provisions described under Section 6.02 and may not otherwise
purchase, redeem or otherwise retire any Securities (except that the Holders may receive
and retain (a) Permitted Junior Securities and (b) payments made from
the trust described under Article 6) (collectively, “pay the Securities”)
if:

 

(A)                              a
default in the payment of the principal of, premium, if any, or interest on any
Senior Indebtedness of the Company occurs and is continuing or any other amount
owing in respect of any Senior Indebtedness of the Company is not paid when
due, or

 

(B)                                any
other default occurs with respect to Senior Indebtedness of the Company and the
maturity of such Senior Indebtedness of the Company is accelerated in
accordance with its terms,

 

unless,
in either case, the default has been cured or waived and any such acceleration
has been rescinded or such Designated Senior Indebtedness has been paid in full
in cash (or other consideration acceptable to the applicable holder of Senior
Indebtedness).

 

Section 13.04. Acceleration of Payment of Securities.

 

In the event that any Securities are declared due and
payable before their Stated Maturity, then and in such event the holders of
Senior Indebtedness of the Company shall be entitled to receive payment in full
in cash (or other consideration acceptable to the applicable holder of Senior
Indebtedness) of such Senior Indebtedness (including interest accruing after,
or which would accrue but for, the commencement of any such proceeding at the
rate specified in the applicable Senior Indebtedness, whether or not a claim
for such interest would be allowed) 

 

60

 

before any payment or
distribution, whether in cash, securities or other property, shall be made by
the Company on account of principal, interest or other amounts owing in respect
of the Securities or on account of purchase or other acquisition of Securities
by the Company; provided, however, that nothing in this Section 13.04
shall prevent the satisfaction of any sinking fund payment in accordance with
this Indenture or as otherwise specified for the Securities of any series by
delivering and crediting pursuant to Section 5.02 or as otherwise
specified for the Securities of any series Securities which have been
acquired (upon redemption or otherwise) prior to such declaration of
acceleration.

 

Section 13.05. When Distribution Must Be Paid Over.

 

If any distribution is made to the Trustee or to the Holders
that because of this Article Thirteen should not have been made to them,
the Trustee or such Holders who receive the distribution, as applicable, shall
hold such distribution in trust for holders of Senior Indebtedness of the
Company and shall, upon the written instruction of the Company, pay it over to
them as their interests may appear. Nothing contained in this Article XIII
or elsewhere in this Indenture shall prevent (a) the Company, at any time
except under the conditions specified in sections 13.02, 13.03 and 13.04, from
making payments at any time of principal of (and premium, if any) or interest
on the Securities, or (b) the application by the Trustee of any money
deposited with it hereunder to the payment of or on account of the principal of
(and premium, if any) or interest on the Securities or the retention of such
payment by the Holders if, at the time of such application by the Trustee, the
conditions specified in sections 13.02, 13.03 and 13.04 did not exist.

 

Section 13.06. Subrogation.

 

After all Senior Indebtedness of the Company is paid
in full and until the Securities are paid in full, the Holders shall, to the
extent of the payments or distributions made to the holders of Senior
Indebtedness pursuant to this Article Thirteen, be subrogated (equally and
ratably with all other indebtedness as to which the right to receive payment is
pari passu with the Securities) to the rights of holders of such Senior
Indebtedness to receive distributions applicable to Senior Indebtedness of the
Company. A distribution made under this Article Thirteen to holders of
Senior Indebtedness which otherwise would have been made to the Holders is not,
as between the Company and the Holders, a payment by the Company on such Senior
Indebtedness.

 

Section 13.07. Relative Rights.

 

This Article Thirteen defines the relative rights
of the Holders and holders of Senior Indebtedness of the Company. Nothing in
this Indenture shall:

 

(a)                                  impair,
as between the Company and the Holders, the obligation of the Company, which is
absolute and unconditional, to pay principal of and interest on the Securities
in accordance with their terms; or

 

(b)                                 prevent
the Trustee or any Holder from exercising its available remedies upon a
Default, subject to the rights of holders of Senior Indebtedness of the Company
to receive distributions otherwise payable to the Holders.

 

61

 

Section 13.08. Subordination May Not Be Impaired by Company.

 

No right of any holder of Senior Indebtedness of the
Company to enforce the subordination of the Indebtedness evidenced by the
Securities shall be impaired by any act or failure to act by the Company or by
its failure to comply with this Indenture.

 

Section 13.09. Rights of Trustee and Paying Agent.

 

Notwithstanding Section 13.03, the Trustee or any
Paying Agent may continue to make payments on the Securities and shall not
be charged with knowledge of the existence of facts that would prohibit the
making of any such payments unless, not less than two Business Days prior to
the date of such payment, a Responsible Officer of the Trustee receives notice
satisfactory to it that payments may not be made under this Article Thirteen.
The Company, the Registrar, any Paying Agent, a Representative or a holder of
Senior Indebtedness of the Company may give the notice; provided, however,
that, if an issue of Senior Indebtedness of the Company has a Representative,
only the Representative may give the notice.

 

The Trustee in its individual or any other capacity may hold
Senior Indebtedness of the Company with the same rights it would have if it
were not Trustee. The Registrar and any Paying Agent may do the same with
like rights. The Trustee shall be entitled to all the rights set forth in this Article Thirteen
with respect to any Senior Indebtedness of the Company which may at any
time be held by it, to the same extent as any other holder of such Senior
Indebtedness; and nothing in Article 8 shall deprive the Trustee of any of
its rights as such holder. Nothing in this Article Thirteen shall apply to
claims of, or payments to, the Trustee under or pursuant to Section 8.07
or any other Section of this Indenture.

 

Section 13.10. Distribution or Notice to Representative.

 

Whenever a distribution is to be made or a notice
given to holders of Senior Indebtedness of the Company, the distribution may be
made and the notice given to their Representative (if any).

 

Section 13.11. Article Thirteen Not to Prevent Events of Default or Limit Right
to Accelerate.

 

The failure to make a payment pursuant to the terms of
the Securities by reason of any provision in this Article Thirteen shall
not be construed as preventing the occurrence of a Default in respect thereof. Nothing
in this Article Thirteen shall have any effect on the right of the Holders
or the Trustee to accelerate the maturity of the Securities.

 

Section 13.12. Trust Monies 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 6 by the Trustee and deposited at a time when
permitted by the subordination provisions of this Article Thirteen for the
payment of principal of and interest on the Securities shall not be
subordinated to the prior payment of any Senior Indebtedness of the Company or
subject to the restrictions set forth in this Article Thirteen, and none
of the Trustee or the Holders shall be obligated to pay over any such 

 

62

 

amount to the Company or
any holder of Senior Indebtedness of the Company or any other creditor of the
Company.

 

Section 13.13. Trustee Entitled to Rely.

 

Upon any payment or distribution pursuant to this Article Thirteen,
the Trustee and the Holders shall be entitled to rely (a) upon any order
or decree of a court of competent jurisdiction in which any proceedings of the
nature referred to in Section 13.02 are pending, (b) upon a
certificate of the liquidating trustee or agent or other Person making such
payment or distribution to the Trustee or to the Holders or (c) upon the
Representatives for the holders of Senior Indebtedness of the Company for the
purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of such Senior Indebtedness and other Indebtedness of
the Company, the amount thereof or payable thereon, the amount or amounts paid
or distributed thereon and all other facts pertinent thereto or to this Article Thirteen.
In the event that the Trustee determines, in good faith, that evidence is
required with respect to the right of any Person as a holder of Senior
Indebtedness of the Company to participate in any payment or distribution
pursuant to this Article Thirteen, the Trustee may request such
Person to furnish evidence to the reasonable satisfaction of the Trustee as to
the amount of such Senior Indebtedness held by such Person, the extent to which
such Person is entitled to participate in such payment or distribution and
other facts pertinent to the rights of such Person under this Article Thirteen,
and, if such evidence is not furnished, the Trustee may defer any payment
to such Person pending judicial determination as to the right of such Person to
receive such payment. The provisions of Sections 8.01 and 8.02 shall be
applicable to all actions or omissions of actions by the Trustee pursuant to
this Article Thirteen.

 

Section 13.14. Trustee to Effectuate Subordination.

 

Each Holder by accepting a Security authorizes and
directs the Trustee on his behalf to take such action as may be necessary
or appropriate to acknowledge or effectuate the subordination between the
Holders and the holders of Senior Indebtedness of the Company as provided in
this Article Thirteen and appoints the Trustee as attorney-in-fact for any
and all such purposes.

 

Section 13.15. Trustee Not Fiduciary for Holders of Senior Indebtedness.

 

The Trustee shall not be deemed to owe any fiduciary
duty to the holders of Senior Indebtedness of the Company and shall not be
liable to any such holders if it shall mistakenly pay over or distribute to the
Holders or the Company or any other Person money or assets to which any holders
of Senior Indebtedness of the Company shall be entitled by virtue of this Article Thirteen
or otherwise.

 

Section 13.16. Reliance by Holders of Senior Indebtedness on Subordination Provisions.

 

Each Holder by accepting a Security acknowledges and
agrees that the foregoing subordination provisions are, and are intended to be,
an inducement and a consideration to each holder of any Senior Indebtedness of
the Company, whether such Senior Indebtedness was created or acquired before or
after the issuance of the Securities, to acquire and continue to hold, or to
continue to hold, 

 

63

 

such Senior Indebtedness
and such holder of such Senior Indebtedness shall be deemed conclusively to
have relied on such subordination provisions in acquiring and continuing to
hold, or in continuing to hold, such Senior Indebtedness.

 

Without in any way limiting the generality of the
foregoing paragraph, the holders of Senior Indebtedness of the Company may, at
any time and from time to time, without the consent of or notice to the Trustee
or the Holders, without incurring responsibility to the Trustee or the Holders
and without impairing or releasing the subordination provided in this Article Thirteen
or the obligations hereunder of the Holders to the holders of the Senior
Indebtedness of the Company, do any one or more of the following:  (i) change the manner, place or terms of
payment or extend the time of payment of, or renew or alter, Senior
Indebtedness of the Company, or otherwise amend or supplement in any manner
Senior Indebtedness of the Company, or any instrument evidencing the same or
any agreement under which Senior Indebtedness of the Company is outstanding; (ii) sell,
exchange, release or otherwise deal with any property pledged, mortgaged or
otherwise securing Senior Indebtedness of the Company; (iii) release any
Person liable in any manner for the payment or collection of Senior
Indebtedness of the Company; and (iv) exercise or refrain from exercising
any rights against the Company and any other Person.

 

64

 

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

 

 

	
   

  	
   

  	
  AMERIPRISE
  FINANCIAL, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Arthur H.
  Berman

  	
   

  
	
   

  	
   

  	
   

  	
  Title: SVP and
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Attest:

  	
  /s/ Sandy
  Shelton

  	
   

  	
   

  
	
  Title:

  	
  Sr. Admin Asst.

  	
   

  
	
   

  	
   

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Raymond
  Haverstock

  	
   

  
	
   

  	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
  /s/ Jay Paulson

  	
   

  	
   

  
	
  Title:

  	
  Vice President

  	
   

  	
   

  
											

 

65Exhibit 4(i)

 

CERTIFICATE OF TRUST

OF

AMERIPRISE CAPITAL TRUST I

 

This Certificate of Trust is being executed as of May 5,
2006 for the purpose of forming a statutory trust pursuant to the Delaware
Statutory Trust Act, 12 Del.  C. § 3801 et  seq.
(the “Act”).

 

The undersigned hereby certifies as follows:

 

1)                                      Name. The name of the statutory
trust is “Ameriprise Capital Trust I” (the “Trust”).

 

2)                                      Delaware Trustee. The name and business
address of the Delaware resident trustee of the Trust meeting the requirements
of Section 3807 of the Act are as follows:

 

U.S. Bank Trust National Association

300 Delaware Avenue

Wilmington, Delaware 19801

Attention:  Corporate
Trust Administration

 

3)                                      Effective. This Certificate of Trust,
which may be executed in counterparts, shall be effective immediately upon
filing in the Office of the Secretary of State of the State of Delaware.

 

 

IN WITNESS WHEREOF, the undersigned, being all of the trustees
of the Trust, have duly executed this Certificate of Trust as of the day and
year first above written.

 

 

	
   

  	
  U.S. BANK TRUST NATIONAL ASSOCIATION,

  
	
   

  	
  as
  Delaware Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Barbara A. Nastro

  	
   

  
	
   

  	
  Name:
  Barbara A. Nastro

  
	
   

  	
  Title:
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL ASSOCIATION,

  
	
   

  	
  as
  Property Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Barbara A. Nastro

  	
   

  
	
   

  	
  Name:
  Barbara A. Nastro

  
	
   

  	
  Title:
  Vice President

  
	
   

  	
   

  
	
   

  	
  /s/ Lori Anshus

  	
   

  
	
   

  	
  Lori Anshus, as Regular
  Trustee

  
	
   

  	
   

  
	
   

  	
  /s/ Joel Campbell

  	
   

  
	
   

  	
  Joel
  Campbell, as Regular Trustee

  
	
   

  	
   

  
	
   

  	
  /s/ Daniel Murtha

  	
   

  
	
   

  	
  Daniel
  Murtha, as Regular Trustee

  

 

2

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