Document:

exv4w1

 

Exhibit 4.1

VINEYARD NATIONAL BANCORP

TO

WILMINGTON TRUSTCOMPANY,

TRUSTEE

FORM OF

INDENTURE

Dated as of ___________ __, 200__

Senior Debt Securities

 

 

VINEYARD NATIONAL BANCORP

RECONCILIATION AND TIE BETWEEN

TRUST INDENTURE ACT OF 1939 AND

INDENTURE DATED AS OF _____ __, 200__

CROSS-REFERENCE TABLE

	 	 	 	 	 
	TRUST INDENTURE	 	 
	ACT SECTION	 	INDENTURE SECTION
	310(a)(1)

	 	 	6.09
	310(a)(2)

	 	 	6.09
	310(a)(3)

	 	Not Applicable

	310(a)(4)

	 	Not Applicable

	310(b)

	 	 	6.08
	 

	 	 	6.10
	311(a)

	 	 	6.13
	311(b)

	 	 	6.13
	312(a)

	 	 	7.01
	 

	 	 	7.02 (a)
	312(b)

	 	 	7.02 (b)
	312(c)

	 	 	7.02 (c)
	313(a)

	 	 	7.03 (a)
	313(b)

	 	 	7.03 (b)
	313(c)

	 	 	7.03 (c)
	313(d)

	 	 	7.03 (d)
	314(a)

	 	 	7.04
	(a)(4)

	 	 	12.02
	314(b)

	 	Not Applicable

	314(c)(1)

	 	 	1.02
	314(c)(2)

	 	 	1.02
	314(c)(3)

	 	Not Applicable

	314(d)

	 	Not Applicable

	314(e)

	 	 	1.02
	315(a)

	 	 	6.01
	315(b)

	 	 	6.02
	315(c)

	 	 	6.01
	315(d)

	 	 	6.01
	315(e)

	 	 	5.14
	316(a)

	 	 	1.01
	316(a)(1)(A)

	 	 	5.02
	 

	 	 	5.12
	316(a)(1)(B)

	 	 	5.13
	316(a)(2)

	 	Not Applicable

	316(b)

	 	 	5.08
	317(a)(1)

	 	 	5.03
	317(a)(2)

	 	 	5.04
	317(b)

	 	 	12.04
	318(a)

	 	 	1.06

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

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE I DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION	 	 	1	 
	 
	 	 	 	 	 	 
	Section 1.01
	 	Definitions	 	 	1	 
	Section 1.02
	 	Compliance Certificates and Opinions	 	 	10	 
	Section 1.03
	 	Form of Documents Delivered to Trustee	 	 	10	 
	Section 1.04
	 	Notices, etc., to Trustee and Company	 	 	11	 
	Section 1.05
	 	Notice to Holders; Waiver	 	 	11	 
	Section 1.06
	 	Conflict with Trust Indenture Act	 	 	12	 
	Section 1.07
	 	Effect of Headings and Table of Contents	 	 	12	 
	Section 1.08
	 	Successors and Assigns	 	 	12	 
	Section 1.09
	 	Separability Clause	 	 	13	 
	Section 1.10
	 	Benefits of Indenture	 	 	13	 
	Section 1.11
	 	Governing Law	 	 	13	 
	Section 1.12
	 	Legal Holidays	 	 	13	 
	Section 1.13
	 	No Security Interest Created	 	 	13	 
	Section 1.14
	 	Liability Solely Corporate	 	 	13	 
	 
	 	 	 	 	 	 
	ARTICLE II DEBT SECURITY FORMS	 	 	14	 
	 
	 	 	 	 	 	 
	Section 2.01
	 	Forms Generally	 	 	14	 
	Section 2.02
	 	Form of Trustee’s Certificate of Authentication	 	 	15	 
	Section 2.03
	 	Securities in Global Form	 	 	15	 
	 
	 	 	 	 	 	 
	ARTICLE III THE DEBT SECURITIES	 	 	15	 
	 
	 	 	 	 	 	 
	Section 3.01
	 	Amount Unlimited; Issuable in Series	 	 	15	 
	Section 3.02
	 	Denominations	 	 	19	 
	Section 3.03
	 	Execution, Authentication, Delivery and Dating	 	 	20	 
	Section 3.04
	 	Temporary Debt Securities; Exchange of Temporary Global Notes for	 	 	 	 
	 
	 	Definitive Bearer Securities; Global Notes Representing Registered	 	 	 	 
	 
	 	Securities	 	 	22	 
	Section 3.05
	 	Registration, Transfer and Exchange	 	 	28	 
	Section 3.06
	 	Mutilated, Destroyed, Lost and Stolen Debt Securities	 	 	30	 
	Section 3.07
	 	Payment of Interest; Interest Rights Preserved	 	 	31	 
	Section 3.08
	 	Cancellation	 	 	33	 
	Section 3.09
	 	Computation of Interest	 	 	34	 
	Section 3.10
	 	Currency of Payments in Respect of Debt Securities	 	 	34	 
	Section 3.11
	 	Judgments	 	 	37	 
	Section 3.12
	 	Exchange Upon Default	 	 	38	 
	Section 3.13
	 	CUSIP Numbers	 	 	38	 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE IV SATISFACTION AND DISCHARGE	 	 	38	 
	 
	 	 	 	 	 	 
	Section 4.01
	 	Satisfaction and Discharge of Indenture	 	 	38	 
	Section 4.02
	 	Application of Trust Money	 	 	40	 
	 
	 	 	 	 	 	 
	ARTICLE V REMEDIES	 	 	40	 
	 
	 	 	 	 	 	 
	Section 5.01
	 	Events of Default	 	 	40	 
	Section 5.02
	 	Acceleration of Maturity; Rescission and Annulment	 	 	42	 
	Section 5.03
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	 	43	 
	Section 5.04
	 	Trustee May File Proofs of Claim	 	 	44	 
	Section 5.05
	 	Trustee May Enforce Claims Without Possession of Debt Securities	 	 	45	 
	Section 5.06
	 	Application of Money Collected	 	 	45	 
	Section 5.07
	 	Limitation on Suits	 	 	45	 
	Section 5.08
	 	Unconditional Right of Holders to Receive Principal,	 	 	 	 
	 
	 	Premium and Interest	 	 	46	 
	Section 5.09
	 	Restoration of Rights and Remedies	 	 	46	 
	Section 5.10
	 	Rights and Remedies Cumulative	 	 	46	 
	Section 5.11
	 	Delay or Omission Not Waiver	 	 	47	 
	Section 5.12
	 	Control by Holders	 	 	47	 
	Section 5.13
	 	Waiver of Past Defaults	 	 	47	 
	Section 5.14
	 	Undertaking for Costs	 	 	48	 
	Section 5.15
	 	Waiver of Stay or Extension Laws	 	 	48	 
	 
	 	 	 	 	 	 
	ARTICLE VI THE TRUSTEE	 	 	48	 
	 
	 	 	 	 	 	 
	Section 6.01
	 	Certain Duties and Responsibilities	 	 	48	 
	Section 6.02
	 	Notice of Defaults	 	 	50	 
	Section 6.03
	 	Certain Rights of Trustee	 	 	50	 
	Section 6.04
	 	Not Responsible for Recitals or Issuance of Debt Securities	 	 	51	 
	Section 6.05
	 	May Hold Debt Securities	 	 	52	 
	Section 6.06
	 	Money Held in Trust	 	 	52	 
	Section 6.07
	 	Compensation and Reimbursement	 	 	52	 
	Section 6.08
	 	Disqualification; Conflicting Interests	 	 	53	 
	Section 6.09
	 	Corporate Trustee Required; Eligibility	 	 	58	 
	Section 6.10
	 	Resignation and Removal; Appointment of Successor	 	 	59	 
	Section 6.11
	 	Acceptance of Appointment by Successor	 	 	60	 
	Section 6.12
	 	Merger, Conversion, Consolidation or Succession to Business	 	 	61	 
	Section 6.13
	 	Preferential Collection of Claims Against Company	 	 	62	 
	Section 6.14
	 	Appointment of Authenticating Agent	 	 	65	 
	 
	 	 	 	 	 	 
	ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	 	 	67	 
	 
	 	 	 	 	 	 
	Section 7.01
	 	Company to Furnish Trustee Names and Addresses of Holders	 	 	67	 
	Section 7.02
	 	Preservation of Information; Communication to Holders	 	 	67	 
	Section 7.03
	 	Reports by Trustee	 	 	69	 
	Section 7.04
	 	Reports by Company	 	 	70	 

- 4 -

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE VIII CONCERNING THE HOLDERS	 	 	71	 
	 
	 	 	 	 	 	 
	Section 8.01
	 	Acts of Holders	 	 	71	 
	Section 8.02
	 	Proof of Ownership; Proof of Execution of Instruments by Holder	 	 	72	 
	Section 8.03
	 	Persons Deemed Owners	 	 	72	 
	Section 8.04
	 	Revocation of Consents; Future Holders Bound	 	 	73	 
	 
	 	 	 	 	 	 
	ARTICLE IX HOLDERS’ MEETINGS	 	 	73	 
	 
	 	 	 	 	 	 
	Section 9.01
	 	Purposes of Meetings	 	 	73	 
	Section 9.02
	 	Call of Meetings by Trustee	 	 	74	 
	Section 9.03
	 	Call of Meetings by Company or Holders	 	 	74	 
	Section 9.04
	 	Qualifications for Voting	 	 	74	 
	Section 9.05
	 	Regulations	 	 	74	 
	Section 9.06
	 	Voting	 	 	75	 
	Section 9.07
	 	No Delay of Rights by Meeting	 	 	75	 
	 
	 	 	 	 	 	 
	ARTICLE X CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	 	 	76	 
	 
	 	 	 	 	 	 
	Section 10.01
	 	Company May Consolidate, Etc., Only on Certain Terms	 	 	76	 
	Section 10.02
	 	Successor Substituted	 	 	76	 
	 
	 	 	 	 	 	 
	ARTICLE XI SUPPLEMENTAL INDENTURES	 	 	77	 
	 
	 	 	 	 	 	 
	Section 11.01
	 	Supplemental Indentures Without Consent of Holders	 	 	77	 
	Section 11.02
	 	Supplemental Indentures With Consent of Holders	 	 	78	 
	Section 11.03
	 	Execution of Supplemental Indentures	 	 	79	 
	Section 11.04
	 	Effect of Supplemental Indentures	 	 	80	 
	Section 11.05
	 	Conformity with Trust Indenture Act	 	 	80	 
	Section 11.06
	 	Reference in Debt Securities to Supplemental Indentures	 	 	80	 
	Section 11.07
	 	Notice of Supplemental Indenture	 	 	80	 
	 
	 	 	 	 	 	 
	ARTICLE XII COVENANTS	 	 	80	 
	 
	 	 	 	 	 	 
	Section 12.01
	 	Payment of Principal, Premium and Interest	 	 	80	 
	Section 12.02
	 	Officer’s Certificate as to Default	 	 	81	 
	Section 12.03
	 	Maintenance of Office or Agency	 	 	81	 
	Section 12.04
	 	Money for Debt Securities; Payments to Be Held in Trust	 	 	82	 
	Section 12.05
	 	Corporate Existence	 	 	84	 
	Section 12.06
	 	Waiver of Certain Covenants	 	 	84	 
	 
	 	 	 	 	 	 
	ARTICLE XIII REDEMPTION OF DEBT SECURITIES	 	 	84	 
	 
	 	 	 	 	 	 
	Section 13.01
	 	Applicability of Article	 	 	84	 
	Section 13.02
	 	Election to Redeem; Notice to Trustee	 	 	84	 
	Section 13.03
	 	Selection by Trustee or
Authenticating Agent of Debt Securities to Be Redeemed	 	 	85	 
	Section 13.04
	 	Notice of Redemption	 	 	85	 

- 5 -

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	Section 13.05
	 	Deposit of Redemption Price	 	 	86	 
	Section 13.06
	 	Debt Securities Payable on Redemption Date	 	 	86	 
	Section 13.07
	 	Debt Securities Redeemed in Part	 	 	87	 
	 
	 	 	 	 	 	 
	ARTICLE XIV SINKING FUNDS	 	 	88	 
	 
	 	 	 	 	 	 
	Section 14.01
	 	Applicability of Article	 	 	88	 
	Section 14.02
	 	Satisfaction of Mandatory Sinking Fund Payments with Debt Securities	 	 	88	 
	Section 14.03
	 	Redemption of Debt Securities for Sinking Fund	 	 	88	 
	 
	 	 	 	 	 	 
	ARTICLE XV DEFEASANCE	 	 	90	 
	 
	 	 	 	 	 	 
	Section 15.01
	 	Applicability of Article	 	 	90	 
	Section 15.02
	 	Defeasance Upon Deposit of Moneys or U.S. Government Obligations	 	 	90	 
	Section 15.03
	 	Deposited Moneys and U.S. Government Obligations to Be Held in Trust	 	 	92	 
	Section 15.04
	 	Repayment to Company	 	 	92	 
	 
	 	 	 	 	 	 
	EXHIBIT A
	 	 	 	 	1	 
	 
	 	 	 	 	 	 
	EXHIBIT B
	 	 	 	 	1	 

- 6 -

 

     INDENTURE
dated as of __ ____, 200___between VINEYARD NATIONAL BANCORP, a California
corporation (hereinafter called the “Company”), having its principal executive office at 9590
Foothill Boulevard, Rancho Cucamonga, California 91730, and WILMINGTON TRUST COMPANY, a Delaware
banking corporation, as trustee (hereinafter called the “Trustee”), having its Corporate Trust
Office at Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890.

RECITALS OF THE COMPANY

     WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its unsecured debentures, notes, bonds or other
evidences of indebtedness (herein generally called the “Debt Securities”), to be issued in one or
more series, as provided in this Indenture.

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

     NOW, THEREFORE, for and in consideration of the premises and the purchase of Debt Securities
by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate
benefit of all Holders of Debt Securities or of Debt Securities of any series, as follows:

ARTICLE I

DEFINITIONS
AND OTHER PROVISIONS OF

GENERAL APPLICATION

Section 1.01 Definitions.

     For all purposes of this Indenture, except as otherwise expressly provided or unless the
context otherwise requires:

     (1) the terms defined in this Article have the meanings assigned to them in this Article, and
include the plural as well as the singular;

     (2) all other terms used herein which are defined in the Trust Indenture Act, either directly
or by reference therein, have the meanings assigned to them therein;

     (3) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles, and, except as otherwise herein expressly
provided, the term “generally accepted accounting principles” with respect to any computation
required or permitted hereunder shall mean such accounting principles as are generally accepted in
the United States of America at the date of such computation; and

     (4) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section or other subdivision.

- 1 -

 

     Certain terms, used principally in Article Three or Article Six, are defined in those
respective Articles.

     “Act” when used with respect to any Holder, has the meaning specified in Section 8.01.

     “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.

     “Affiliated Corporation” means any corporation which is controlled by the Company but which is
not a Subsidiary of the Company pursuant to the definition of the term “Subsidiary”.

     “Authenticating Agent” has the meaning specified in Section 6.14.

     “Authorized Newspaper” means a newspaper or financial journal in an official language of the
country of publication customarily published at least once a day, and customarily published for at
least five days in each calendar week, and of general circulation in the place in connection with
which the term is used or in the financial community of such place. Where successive publications
are required to be made in Authorized Newspapers, the successive publications may be made in the
same or in different newspapers in the same city meeting the foregoing requirements and in each
case on any Business Day in such city.

     “Bearer Security” means any Debt Security (with or without Coupons), in the form established
pursuant to Section 2.01, which is payable to bearer (including any Global Note payable to bearer)
and title to which passes by delivery only, but does not include any Coupons.

     “Board of Directors” means either the board of directors of the Company, or any committee of
that board duly authorized to act hereunder or any director or directors and/or officer or officers
of the Company to whom that board or committee shall have delegated its authority.

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

     “Business Day” when used with respect to any Place of Payment or any other particular location
referred to in this Indenture or in the Debt Securities means any day which is not a Saturday, a
Sunday or a legal holiday or a day on which banking institutions or trust companies in that Place
of Payment or other location are authorized or obligated by law to close, except as otherwise
specified pursuant to Section 3.01.

     “Code” means the Internal Revenue Code of 1986, as amended and as in effect on the date
hereof.

- 2 -

 

     “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Securities Exchange Act of 1934, as amended, or if 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.

     “Common Depositary” has the meaning specified in Section 3.04(b).

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

     “Company Request” and “Company Order” mean, respectively, a written request or order signed in
the name of the Company by its Chairman, its President, its Chief Financial Officer or an Executive
Vice President, and by its Treasurer, its Chief Accounting Officer, its Controller, an Assistant
Treasurer, its Secretary or an Assistant Secretary of the Company and delivered to the Trustee.

     “Component Currency” has the meaning specified in Section 3.10(i).

     “Conversion Date” has the meaning specified in Section 3.10(e).

     “Conversion Event” means the cessation of use of (i) a Foreign Currency both by the government
of the country which issued such Currency and for the settlement of transactions by public
institutions of or within the international banking community, or (ii) any Currency Unit for the
purposes for which it was established.

     “Corporate Trust Office” means the principal corporate trust office of the Trustee at which at
any particular time its corporate trust business shall be administered, which office at the date of
execution of this instrument is located at Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890.

     “Corporation” and “corporation” includes corporations, associations, companies (including
joint stock companies and limited liability companies) and business trusts.

     “Coupon” means any interest coupon appertaining to any Debt Security.

     “Coupon Security” means any Bearer Security authenticated and delivered with one or more
Coupons appertaining thereto.

     “Currency” means Dollars or Foreign Currency or Currency Unit.

     “Currency Determination Agent” means the New York Clearing House bank, if any, from time to
time selected by the Company pursuant to Section 3.01; provided that such agent shall accept such
appointment in writing and the terms of such appointment shall be acceptable to the Company and
shall, in the opinion of the Company and the Trustee at the time of such appointment, require such
agent to make the determinations required by this Indenture by a

- 3 -

 

method consistent with the method provided in this Indenture for the making of such decision
or determination.

     “Currency Unit” means a composite currency or currency unit the value of which is determined
by reference to the value of the currencies of any group of countries.

     “Debt Securities” has the meaning stated in the first recital of this Indenture and more
particularly means any Debt Securities (including any Global Notes) authenticated and delivered
under this Indenture.

     “Defaulted Interest” has the meaning specified in Section 3.07.

     “Discharged” has the meaning specified in Section 15.02.

     “Discount Security” means any Debt Security which is issued with “original issue discount”
within the meaning of Section 1273(a) of the Code and the regulations thereunder.

     “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United
States as at the time of payment is legal tender for the payment of public and private debts.

     “Dollar Equivalent of the Currency Unit” has the meaning specified in Section 3.10(h).

     “Dollar Equivalent of the Foreign Currency” has the meaning specified in Section 3.10(g).

     “Election Date” has the meaning specified in Section 3.10(i).

     “Euroclear Operator” means the operator of the Euroclear System.

     “Event of Default” has the meaning specified in Section 5.01.

     “Exchange Date” has the meaning specified in Section 3.04(b).

     “Exchange Rate Officer’s Certificate” means a telex or a certificate setting forth (i) the
applicable Market Exchange Rate and (ii) the Dollar, Foreign Currency or Currency Unit amounts of
principal, premium, if any, and any interest respectively (on an aggregate basis and on the basis
of a Debt Security having the lowest denomination principal amount determined in accordance with
Section 3.02 in the relevant Currency or Currency Unit), payable on the basis of such Market
Exchange Rate sent (in the case of a telex) or signed (in the case of a certificate) by the
Treasurer or any Assistant Treasurer of the Company.

     “Fixed Rate Security” means a Debt Security which provides for the payment of interest at a
fixed rate.

- 4 -

 

     “Floating Rate Security” means a Debt Security which provides for the payment of interest at a
variable rate determined periodically by reference to an interest rate index or any other index
specified pursuant to Section 3.01.

     “Foreign Currency” means a currency issued by the government of any country other than the
United States or a composite currency or currency unit the value of which is determined by
reference to the values of the currencies of any group of countries.

     “Global Note” means a Registered or Bearer Security evidencing all or part of a series of Debt
Securities, including, without limitation, any temporary or permanent Global Note.

     “Holder” means, with respect to a Registered Security, the Registered Holder, and with respect
to a Bearer Security or a Coupon, the bearer thereof.

     “Indebtedness” means (1) any obligation of a Person for (a) the repayment of borrowed money,
whether or not evidenced by bonds, debentures, notes or other written instruments or for the
payment of the deferred purchase price of property or assets (other than Trade Payables), or (b)
for the payment of money relating to a lease that is required to be classified as a capitalized
lease obligation in accordance with generally accepted accounting principles; (2) any liability of
others described in the preceding clause (1) that the Person has guaranteed, that is recourse to
such Person or that is otherwise its legal liability; and (3) any amendment, supplement,
modification, deferral, renewal, extension or refunding of any liability of the types referred to
in clauses (1) and (2) above.

     “Indenture” means this instrument as originally executed, or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
applicable provisions hereof and, unless the context otherwise requires, shall include the terms of
a particular series of Debt Securities as established pursuant to Section 3.01.

     “Interest,” when used with respect to a Discount Security which by its terms bears interest
only after Maturity, means interest payable after Maturity, and, when used with respect to a Bearer
Security, includes any additional amounts payable on such Bearer Security, if so provided pursuant
to Section 3.01.

     “Interest Payment Date” with respect to any Debt Security means the Stated Maturity of an
installment of interest on such Debt Security.

     “Market Exchange Rate” means (i) for any conversion involving a Currency Unit on the one hand
and Dollars or any Foreign Currency on the other, the exchange rate between the relevant Currency
Unit and Dollars or such Foreign Currency calculated at noon New York time, on the Valuation Date
by the method specified pursuant to Section 3.01 for the securities of the relevant series, (ii)
for any conversion of Dollars into any Foreign Currency, the noon (New York time) buying rate for
such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes
by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into
Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at
which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which
conversion is being made could be purchased with

- 5 -

 

the Foreign Currency from which conversion is being made from major banks located in either
New York City, London or any other principal market for Dollars or such purchased Foreign Currency.
In the event of the unavailability of any of the exchange rates provided for in the foregoing
clauses (i), (ii) and (iii) the Company shall use, in its sole discretion and without liability on
its part, such quotation of the Federal Reserve Bank of New York as of the most recent available
date, or quotations from one or more major banks in New York City, London or other principal market
for such Currency or Currency Unit in question, or such other quotations as the Company shall deem
appropriate, in its sole discretion and without liability on its part. Unless otherwise specified
by the Currency Determination Agent, if there is more than one market for dealing in any Currency
or Currency Unit by reason of foreign exchange regulations or otherwise, the market to be used in
respect of such Currency or Currency Unit shall be that as determined by the Currency Determination
Agent, in its sole discretion and without liability on its part, upon which a nonresident issuer of
securities designated in such Currency or Currency Unit would purchase such Currency or Currency
Unit in order to make payments in respect of such securities.

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

     “Officers’ Certificate” means a certificate signed by the Chairman, the President, the Chief
Financial Officer or an Executive Vice President, and by the Treasurer, the Chief Accounting
Officer, the Controller or the Secretary of the Company and delivered to the Trustee.

     “Opinion of Counsel” means a written opinion of counsel, who may be counsel to the Company
(including an employee of the Company) and who shall be satisfactory to the Trustee, which is
delivered to the Trustee.

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

     (i) Debt Securities theretofore canceled by the Trustee or delivered to the Trustee for
cancellation;

     (ii) Debt Securities with respect to which 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 Debt Securities and any Coupons thereto
pertaining; provided, however, that if such Debt Securities 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

     (iii) Debt Securities which have been paid pursuant to Section 3.06 or in exchange for
or in lieu of which other Debt Securities have been authenticated and

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delivered pursuant to this Indenture, other than any such Debt Securities in respect of
which there shall have been presented to the Trustee proof reasonably satisfactory to it
that such Debt Securities are held by a bona fide purchaser in whose hands such Debt
Securities are valid obligations of the Company; provided, however, that in determining
whether the Holders of the requisite principal amount of Debt Securities Outstanding have
performed any Act hereunder, Debt Securities owned by the Company or any other obligor upon
the Debt Securities or any Affiliate of the Company or of 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 Act, only Debt Securities which the
Trustee knows to be so owned shall be so disregarded. Debt 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 to act with respect to such Debt Securities
and that the pledgee is not the Company or any other obligor upon the Debt Securities or any
Affiliate of the Company or of such other obligor. In determining whether the Holders of the
requisite principal amount of Outstanding Debt Securities have performed any Act hereunder,
the principal amount of a Discount Security that shall be deemed to be Outstanding for such
purpose shall be the amount of the principal thereof that would be due and payable as of the
date of such determination upon a declaration of acceleration of the Maturity thereof
pursuant to Section 5.02 and the principal amount of a Debt Security denominated in a
Foreign Currency that shall be deemed to be Outstanding for such purpose shall be the amount
calculated pursuant to Section 3.10(k).

     “Overdue Rate”, when used with respect to any series of the Debt Securities, means the rate
designated as such in or pursuant to the Board Resolution or the supplemental indenture, as the
case may be, relating to such series as contemplated by Section 3.01.

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

     “Permanent Global Note” shall have the meaning given such term in Section 3.04(b).

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

     “Place of Payment” when used with respect to the Debt Securities of any series means the place
or places where the principal of (and premium, if any) and interest on the Debt Securities of that
series are payable as specified pursuant to Section 3.01.

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

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     “Redemption Date” means the date fixed for redemption of any Debt Security pursuant to this
Indenture.

     “Redemption Price” means, in the case of a Discount Security, the amount of the principal
thereof that would be due and payable as of the Redemption Date upon a declaration of acceleration
of the Maturity thereof pursuant to Section 5.02 or any other redemption specified pursuant to
Section 3.01, and in the case of any other Debt Security, the principal amount thereof, plus, in
each case, premium, if any, and accrued and unpaid interest, if any, to the Redemption Date.

     “Registered Holder” means the Person in whose name a Registered Security is registered in the
Security Register.

     “Registered Security” means any Debt Security in the form established pursuant to Section 2.01
which is registered as to principal and interest in the Security Register.

     “Regular Record Date” for the interest payable on the Registered Securities of any series on
any Interest Payment Date means the date specified for the purpose pursuant to Section 3.01 for
such Interest Payment Date.

     “Responsible Officer” means when used with respect to the Trustee any officer within the
Corporate Trust Office including any Vice President, Managing Director, Assistant Vice President,
Secretary, Assistant Secretary, Treasurer or Assistant Treasurer, any Financial Services Officer or
any other officer of the Trustee customarily performing functions similar to those performed by any
of the above designated officers and also, with respect to a particular matter, any other officer
to whom such matter is referred because of such officer’s knowledge and familiarity with the
particular subject.

     “Security Register” and “Security Registrar” have the respective meanings specified in Section
3.05(a).

     “Significant Subsidiary” means a Subsidiary, including its Subsidiaries, which meets any of
the following conditions: (i) the Company’s and its other Subsidiaries’ investments in and advances
to the Subsidiary exceed 10 percent of the total assets of the Company and its Subsidiaries
consolidated as of the end of the most recently completed fiscal year; (ii) the Company’s and its
other Subsidiaries’ proportionate share of the total assets (after intercompany eliminations) of
the Subsidiary exceeds 10 percent of the total assets of the Company and its Subsidiaries
consolidated as of the end of the most recently completed fiscal year; or (iii) the Company’s and
its other Subsidiaries’ equity in the income from continuing operations before income taxes,
extraordinary items and cumulative effect of a change in accounting principles of the Subsidiary
exceeds 10 percent of such income of the Company and its Subsidiaries consolidated for the most
recently completed fiscal year.

     “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 3.07.

     “Specified Amount” has the meaning specified in Section 3.10(i).

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     “State” means any of the various States of the United States of America.

     “Stated Maturity” when used with respect to any Debt Security or any installment of principal
thereof or premium thereon or interest thereon means the date specified in such Debt Security or
the Coupon, if any, representing such installment of interest, as the date on which the principal
of such Debt Security or such installment of principal, premium or interest is due and payable.

     “Subsidiary” means any Corporation of which at least a majority of the outstanding stock
having by the terms thereof ordinary voting power to elect a majority of the directors of such
corporation, irrespective of whether or not, at the time, stock of any other class or classes of
such Corporation shall have or might have voting power by reason of the happening of any
contingency, is at the time, directly or indirectly, owned or controlled by the Company or by one
or more Subsidiaries thereof, or by the Company and one or more Subsidiaries thereof.

     “Temporary Global Note” shall have the meaning given such term in Section 3.04(b).

     “Trade Payables” means accounts payable or any other indebtedness or monetary obligations to
trade creditors created or assumed in the ordinary course of business in connection with the
obtaining of materials or services.

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

     “Trust Indenture Act” 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 11.05.

     “United States” means the United States of America (including the States and the District of
Columbia), and its possessions, which include the Commonwealth of Puerto Rico, the U.S. Virgin
Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

     “U.S. Depositary” means a clearing agency registered under the Securities Exchange Act of
1934, as amended, or any successor thereto, which shall in either case be designated by the Company
pursuant to Section 3.01 until a successor U.S. Depositary shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter “U.S. Depositary” shall mean or include
each Person who is then a U.S. Depositary hereunder, and if at any time there is more than one such
Person, “U.S. Depositary” as used with respect to the Debt Securities of any series shall mean the
U.S. Depositary with respect to the Debt Securities of that series.

     “U.S. Government Obligations” has the meaning specified in Section 15.02.

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     “U.S. Person” means a citizen or resident of the United States, a Corporation, partnership or
other entity created or organized in or under the laws of the United States, or an estate or trust
the income of which is subject to United States Federal income taxation regardless of its source.

     “Valuation Date” has the meaning specified in Section 3.10(d).

     “Vice President” includes with respect to the Company and the Trustee, any Vice President of
the Company or the Trustee, as the case may be, whether or not designated by a number or word or
words added before or after the title “Vice President.”

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 Officers’ Certificate
stating that all conditions 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 required by any provision of this Indenture relating to such particular application or
request, no additional certificate or opinion need be furnished.

     Every Officers’ Certificate or Opinion of Counsel with respect to compliance with a condition
or covenant provided for in this Indenture (other than certificates provided pursuant to Section
12.02) shall include:

     (1) a statement that each individual signing such Officers’ Certificate or Opinion of
Counsel has read such covenant or condition and the definitions herein relating thereto;

     (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such Officers’ Certificate or Opinion of
Counsel are based;

     (3) 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

     (4) 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

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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.

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

Section 1.04 Notices, etc., to Trustee and Company.

     Any Act of Holders or other document provided or permitted by this Indenture to be made upon,
given or furnished to, or filed with,

     (1) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if made, given, furnished or filed in
writing to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust
Administration.

     (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid or airmail postage prepaid if sent from outside the United States, to the
Company addressed to it at the address of its principal office specified in the first
paragraph of this Indenture, to the attention of its Treasurer, or at any other address
previously furnished in writing to the Trustee by the Company.

     Any such Act or other document shall be in the English language, except that any published
notice may be in an official language of the country of publication.

Section 1.05 Notice to Holders; Waiver. 

     When this Indenture provides for notice to Holders of any event, (1) such notice shall be
sufficiently given to Registered Holders (unless otherwise herein expressly provided) if in writing
and mailed, first-class postage prepaid, to such Registered Holders as their names and addresses
appear in the Security Register, within the time prescribed, and (2) such notice shall be
sufficiently given to Holders of Bearer Securities or Coupons (unless otherwise herein expressly
provided) if published at least twice in an Authorized Newspaper or Newspapers in The City of New
York and, if Debt Securities of such series are then listed on any stock exchange located outside
the United States and such stock exchange shall so require, in a daily newspaper or

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financial journal or in such city or cities specified pursuant to Section 3.01 or in any Debt
Security on Business Days, the first such publication to be not earlier than the earliest date and
not later than two Business Days prior to the latest date prescribed for the giving of such notice;
provided, however, that, in any case, any notice to Holders of Floating Rate Securities regarding
the determination of a periodic rate of interest, if such notice is required pursuant to Section
3.01, shall be sufficiently given if given in the manner specified pursuant to Section 3.01.

     In the event of suspension of regular mail service or by reason of any other cause it shall be
impracticable to give notice by mail, such notification as shall be given with the approval of the
Trustee shall constitute sufficient notice for every purpose hereunder.

     In the event of suspension of publication of any Authorized Newspapers or by reason of any
other cause it shall be impracticable to give notice by publication, such notification as shall be
given with the approval of the Trustee shall constitute sufficient notice for every purpose
hereunder.

     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 on such waiver. 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, and any notice which is mailed in the
manner herein provided shall be conclusively presumed to have been duly given. In any case where
notice to Holders is given by publication, any defect in any notice so published as to any
particular Holder shall not affect the sufficiency of such notice with respect to other Holders,
and any notice which is published in the manner herein provided shall be conclusively presumed to
have been duly given.

Section 1.06 Conflict with Trust Indenture Act. 

     If any provision hereof limits, qualifies or conflicts with the duties imposed on any person
by the provisions of Sections 310 to 317, inclusive, of the Trust Indenture Act, such duties
imposed by the Trust Indenture Act shall control.

Section 1.07 Effect of Headings and Table of Contents. 

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

Section 1.08 Successors and Assigns. 

     All covenants and agreements in this Indenture by the parties hereto shall bind their
respective successors and assigns and inure to the benefit of their permitted successors and
assigns, whether so expressed or not.

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Section 1.09 Separability Clause. 

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

Section 1.10 Benefits of Indenture.

     Nothing in this Indenture or in the Debt Securities, express or implied, shall give to any
Person, other than the parties hereto, any Security Registrar, any Paying Agent and their
successors hereunder, and the Holders, any benefit or any legal or equitable right, remedy or claim
under this Indenture.

Section 1.11 Governing Law.

     This Indenture, the Debt Securities and the Coupons shall be deemed to be contracts made and
to be performed entirely in the State of New York, and for all purposes shall be governed by and
construed in accordance with the laws of said State without regard to the conflicts of law rules of
said State.

Section 1.12 Legal Holidays.

     Unless otherwise specified pursuant to Section 3.01 or in any Debt Security, in any case where
any Interest Payment Date, Redemption Date or Stated Maturity of any Debt Security of any series
shall not be a Business Day at any Place of Payment for the Debt Securities of that series, then
(notwithstanding any other provision of this Indenture or of the Debt Securities or Coupons)
payment of principal (and premium, if any) or interest need not be made at such Place of Payment on
such date, but may be made on the next succeeding Business Day at such Place of Payment with the
same force and effect as if made on the Interest Payment Date, Redemption Date or at the Stated
Maturity, and no interest shall accrue on the amount so payable for the period from and after such
Interest Payment Date, Redemption Date or Stated Maturity, as the case may be, to such Business Day
if such payment is made or duly provided for on such Business Day.

Section 1.13 No Security Interest Created. 

     Nothing in this Indenture or in the Debt Securities or Coupons, express or implied, shall be
construed to constitute a security interest or mortgage or other pledge of collateral under the
Uniform Commercial Code or similar legislation or real property laws, as now or hereafter enacted
and in effect in any jurisdiction where property of the Company or its Subsidiaries is or may be
located.

Section 1.14 Liability Solely Corporate. 

     No recourse shall be had for the payment of the principal of (or premium, if any) or the
interest on any Debt Securities or Coupons, or any part thereof, or of the indebtedness represented
thereby, or upon any obligation, covenant or agreement of this Indenture, against any

- 13 -

 

incorporator, or against any stockholder, officer or director, as such, past, present or
future, of the Company (or any incorporator, stockholder, officer or director of any predecessor or
successor corporation), either directly or through the Company (or any such predecessor or
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 Debt Securities and Coupons are solely corporate obligations, and
that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator,
stockholder, officer or director, past, present or future, of the Company (or any incorporator,
stockholder, officer or director of any such predecessor or successor corporation), either directly
or indirectly through the Company or any such predecessor or successor corporation, because of the
indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises
or agreements contained in this Indenture or in any of the Debt Securities or Coupons or to be
implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and
released as a condition of, and as part of the consideration for, the execution of this Indenture
and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities
or Coupons contained shall be taken to prevent recourse to and the enforcement of the liability, if
any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital
stock not fully paid.

ARTICLE II

DEBT SECURITY FORMS

Section 2.01 Forms Generally.

     The Debt Securities and the Coupons, if any, of each series shall be substantially in one of
the forms (including global form) established in or pursuant to a Board Resolution or one or more
indentures supplemental hereto, and shall have such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have
such letters, numbers or other marks of identification or designation and such legends or
endorsements placed thereon as the Company may deem appropriate and as are not inconsistent with
the provisions of this Indenture, or as may be required to comply with any law or with any rule or
regulation made pursuant thereto or with any rule or regulation of any securities exchange on which
any series of the Debt Securities may be listed, or to conform to usage, all as determined by the
officers executing such Debt Securities and Coupons as conclusively evidenced by their execution of
such Debt Securities and Coupons. If the form of a series of Debt Securities or Coupons (or any
Global Note) is established in or pursuant to a Board Resolution, a copy of such Board Resolution
shall be delivered to the Trustee, together with an Officers’ Certificate setting forth the form of
such series, at or prior to the delivery of the Company Order contemplated by Section 3.03 for the
authentication and delivery of such Debt Securities (or any such Global Note) or Coupons.

     Unless otherwise specified as contemplated by Section 3.01, Debt Securities in bearer form
(other than in global form) shall have Coupons attached.

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     The definitive Debt Securities and Coupons, if any, 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 Debt
Securities and Coupons, as conclusively evidenced by their execution of such Debt Securities and
Coupons.

Section 2.02 Form of Trustee’s Certificate of Authentication.

     The form of the Trustee’s certificate of authentication to be borne by the Debt Securities
shall be substantially as follows:

     This is one of the Debt Securities of the series designated therein issued under the
within-mentioned Indenture.

	 	 	 	 	 
	Dated:                                      	Wilmington Trust Company,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Section 2.03 Securities in Global Form. 

     If any Debt Security of a series is issuable in global form, the Global Note so issued may
provide that it shall represent the aggregate amount of Outstanding Debt Securities from time to
time endorsed thereon and may also provide that the aggregate amount of Outstanding Debt Securities
represented thereby may from time to time be reduced or increased to reflect exchanges. Any
endorsement of a Global Note to reflect the amount, or any increase or decrease in the amount, of
Outstanding Debt Securities represented thereby shall be made by the Trustee and in such manner as
shall be specified in such Global Note. Any instructions by the Company with respect to a Global
Note, after its initial issuance, shall be in writing but need not comply with Section 1.02.

     Global Notes may be issued in either registered or bearer form and in either temporary or
permanent form. Permanent Global Notes will be issued in definitive form.

ARTICLE III

THE DEBT SECURITIES

Section 3.01 Amount Unlimited; Issuable in Series.

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

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     The Debt Securities may be issued from time to time in one or more series. There shall be
established in or pursuant to a Board Resolution and (subject to Section 3.03) set forth in an
Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the
issuance of Debt Securities of any series:

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

     (2) the limit, if any, upon the aggregate principal amount of the Debt Securities of
the series which may be authenticated and delivered under this Indenture (except for Debt
Securities authenticated and delivered upon transfer of, or in exchange for, or in lieu of,
other Debt Securities of such series pursuant to Sections 3.04, 3.05, 3.06, 11.06 or 13.07);

     (3) the percentage of the principal amount at which the Debt Securities will be issued
and, if other than the principal amount thereof, the portion of the principal amount thereof
payable upon declaration of acceleration of the Maturity thereof or the method by which such
portion shall be determined;

     (4) the date or dates on which or periods during which the Debt Securities of the
series may be issued, and the date or dates (or the method of determination thereof) on
which the principal of (and premium, if any, on) the Debt Securities of such series are or
may be payable (which, if so provided in such Board Resolution or supplemental indenture,
may be determined by the Company from time to time and set forth in the Debt Securities of
the series issued from time to time);

     (5) the rate or rates (or the method of determination thereof) at which the Debt
Securities of the series shall bear interest, if any, and the dates from which such interest
shall accrue (which, in either case or both, if so provided in such Board Resolution or
supplemental indenture, may be determined by the Company from time to time and set forth in
the Debt Securities of the series issued from time to time); and the Interest Payment Dates
on which such interest shall be payable (or the method of determination thereof), and, in
the case of Registered Securities, the Regular Record Dates for the interest payable on such
Interest Payment Dates and, in the case of Floating Rate Securities, the notice, if any, to
Holders regarding the determination of interest and the manner of giving such notice;

     (6) the place or places where the principal of (and premium, if any) and interest on
Debt Securities of the series shall be payable; the extent to which, or the manner in which,
any interest payable on any Global Note on an Interest Payment Date will be paid, if other
than in the manner provided in Section 3.07; the extent, if any, to which the provisions of
the last sentence of Section 12.01 shall apply to the Debt Securities of the series; and the
manner in which any principal of, or premium, if any, on, any Global Note will be paid, if
other than as set forth elsewhere herein;

- 16 -

 

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

     (8) the right, if any, of the Company to redeem the Debt Securities of such series, in
whole or in part, at its option and the period or periods within which, or the date or dates
on which, the price or prices at which, and the terms and conditions upon which Debt
Securities of the series may be redeemed, if any, in whole or in part, at the option of the
Company or otherwise;

     (9) if the coin or Currency in which the Debt Securities shall be issuable is in
Dollars, the denominations of such Debt Securities if other than denominations of $1,000 and
any integral multiple thereof (except as provided in Section 3.04);

     (10) whether the Debt Securities of the series are to be issued as Discount Securities
and the amount of discount with which such Debt Securities may be issued and, if other than
the principal amount thereof, the portion of the principal amount of Debt Securities of the
series which shall be payable upon declaration of acceleration of the Maturity thereof
pursuant to Section 5.02;

     (11) provisions, if any, for the defeasance of the Debt Securities of such series or
certain of the Company’s obligations with respect to the Debt Securities;

     (12) whether Debt Securities of the series are to be issued as Registered Securities or
Bearer Securities or both, and, if Bearer Securities are issued, whether Coupons will be
attached thereto, whether Bearer Securities of the series may be exchanged for Registered
Securities of the series, as provided in Section 3.05(b) or otherwise and the circumstances
under which and the place or places at which any such exchanges, if permitted, may be made;

     (13) whether provisions for payment of additional amounts or tax redemptions shall
apply and, if such provisions shall apply, such provisions; and, if Bearer Securities of the
series are to be issued, whether a procedure other than that set forth in Section 3.04(b)
shall apply and, if so, such other procedure, and if the procedure set forth in Section
3.04(b) shall apply, the forms of certifications to be delivered under such procedure;

     (14) if other than Dollars, the Foreign Currency or Currencies or Currency Unit in
which Debt Securities of the series shall be denominated or in which payment of the
principal of (and/or premium, if any) and/or interest on the Debt Securities of the series
may be made, and the particular provisions applicable thereto and, if applicable, the amount
of Debt Securities of the series which entitles the Holder of a Debt Security of the series
or its proxy to one vote for purposes of Section 9.06;

- 17 -

 

     (15) if the principal of (and premium, if any) or interest on Debt Securities of the
series are to be payable, at the election of the Company or a Holder thereof, in a Currency
other than that in which the Debt Securities are denominated or payable without such
election, in addition to or in lieu of the provisions of Section 3.10, the period or periods
within which and the terms and conditions upon which, such election may be made and the time
and the manner of determining the exchange rate or rates between the Currency or Currencies
in which the Debt Securities are denominated or payable without such election and the
Currency or Currencies in which the Debt Securities are to be paid if such election is made;

     (16) the date as of which any Debt Securities of the series shall be dated, if other
than as set forth in Section 3.03;

     (17) if the amount of payments of principal of (and premium, if any) or interest on the
Debt Securities of the series may be determined with reference to an index, including, but
not limited to, an index based on a Currency or Currencies other than that in which the Debt
Securities are denominated or payable, or any other type of index, the manner in which such
amounts shall be determined;

     (18) if the Debt Securities of the series are denominated or payable in a Foreign
Currency, any other terms concerning the payment of principal of (and premium, if any) or
any interest on such Debt Securities (including the Currency or Currencies of payment
thereof);

     (19) the designation of the original Currency Determination Agent, if any;

     (20) the applicable Overdue Rate, if any;

     (21) if the Debt Securities of the series do not bear interest, the applicable dates
for purposes of Section 7.01;

     (22) any addition to, or modification or deletion of, any Events of Default or
covenants provided for with respect to Debt Securities of the series;

     (23) if Bearer Securities of the series are to be issued, (x) whether interest in
respect of any portion of a temporary Debt Security in global form (representing all of the
Outstanding Bearer Securities of the series) payable in respect of any Interest Payment Date
prior to the exchange of such temporary Debt Security for definitive Debt Securities of the
series shall be paid to any clearing organization with respect to the portion of such
temporary Debt Security held for its account and, in such event, the terms and conditions
(including any certification requirements) upon which any such interest payment received by
a clearing organization will be credited to the Persons entitled to interest payable on such
Interest Payment Date, (y) the terms upon which interests in such temporary Debt Security in
global form may be exchanged for interests in a permanent Global Note or for definitive Debt
Securities of the series and the terms upon which interests in a permanent Global Note, if
any, may be exchanged for definitive Debt Securities of the series and (z)

- 18 -

 

the cities in which the Authorized Newspapers designated for the purposes of giving
notices to Holders are published;

     (24) whether the Debt Securities of the series shall be issued in whole or in part in
the form of one or more Global Notes and, in such case, the U.S. Depositary or any Common
Depositary for such Global Note or Notes; and if the Debt Securities of the series are
issuable only as Registered Securities, the manner in which and the circumstances under
which Global Notes representing Debt Securities of the series may be exchanged for
Registered Securities in definitive form, if other than, or in addition to, the manner and
circumstances specified in Section 3.04(c);

     (25) the designation, if any, of the U.S. Depositary; and the designation of any
trustees (other than the Trustee), depositaries, Authenticating Agents, Paying Agents,
Security Registrars, or any other agents with respect to the Debt Securities of such series;

     (26) if the Debt Securities of such series are to be issuable in definitive form
(whether upon original issuance or upon exchange of a temporary Debt Security of such
series) only upon receipt of certain certificates or other documents or satisfaction of
other conditions, the form and terms of such certificates, documents or conditions; and

     (27) any other terms of the series (which other terms shall not be inconsistent with
the provisions of this Indenture).

     All Debt Securities of any one series and Coupons, if any, shall be substantially identical to
all other debt securities of such series except as to denomination, rate of interest, Stated
Maturity and the date from which interest, if any, shall accrue, which, as set forth above, may be
determined by the Company from time to time as to Debt Securities of a series if so provided in or
established pursuant to the authority granted in a Board Resolution or in any such indenture
supplemental hereto, and except as may otherwise be provided in or pursuant to such Board
Resolution and (subject to Section 3.03) set forth in such Officers’ Certificate, or in any such
indenture supplemental hereto. All Debt Securities of any one series need not be issued at the same
time, and unless otherwise provided, a series may be reopened for issuance of additional Debt
Securities of such series.

     If any of the terms of a series of Debt Securities is established in or pursuant to a Board
Resolution, a copy of such Board Resolution shall be certified by the Secretary or an Assistant
Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’
Certificate setting forth the terms of the series.

Section 3.02 Denominations.

     In the absence of any specification pursuant to Section 3.01 with respect to the Debt
Securities of any series, the Debt Securities of such series shall be issuable only as Registered
Securities in denominations of $1,000 and any integral multiple thereof and shall be payable only
in Dollars.

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Section 3.03 Execution, Authentication, Delivery and Dating.

     The Debt Securities and the Coupons, if any, of any series shall be executed on behalf of the
Company by its Chairman, its President, one of its Executive Vice Presidents, its Chief Accounting
Officer or its Treasurer, under its corporate seal reproduced thereon and attested by its Secretary
or one of its Assistant Secretaries. The signature of any of these officers may be manual or
facsimile.

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

     At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Debt Securities, with appropriate Coupons, if any, of any series, executed by
the Company, to the Trustee or an Authenticating Agent for authentication, together with a Company
Order for the authentication and delivery of such Debt Securities and Coupons and the Trustee or
Authenticating Agent in accordance with the Company Order shall authenticate and deliver such Debt
Securities and Coupons, subject, in the case of Bearer Securities, to Section 3.04(b); provided,
however, that, in connection with its sale during the “restricted period” (as defined in Section
1.163-5(c)(2)(i)(D)(7) of the United States Treasury Regulations), no Bearer Security shall be
mailed or otherwise delivered to any location in the United States; and provided, further, that a
Bearer Security (other than a temporary Global Note in bearer form) may be delivered outside the
United States in connection with its original issuance only if the Person entitled to receive such
Bearer Security shall have furnished to the Euroclear Operator or to Cedelbank a certificate
substantially in the form set forth in Exhibit A to this Indenture and if the Euroclear Operator or
Cedelbank has furnished the Trustee or Authenticating Agent a certificate substantially in the form
set forth in Exhibit B. If all the Debt Securities of any one series are not to be issued at one
time and if a Board Resolution or supplemental indenture relating to such series shall so permit,
such Company Order may set forth procedures acceptable to the Trustee or Authenticating Agent for
the issuance of such Debt Securities and other matters which are subject to variation, such as
interest rate, Stated Maturity, date of issuance and date from which interest, if any, shall
accrue. If any Debt Security shall be represented by a permanent Global Note, then, for purposes of
this Section and Section 3.04, the notation by the Common Depositary of a beneficial owner’s
interest therein upon original issuance of such Debt Security or upon exchange of a portion of a
temporary Global Note shall be deemed to be delivery in connection with the original issuance of
such beneficial owner’s interest in such permanent Global Note. Except as permitted by Section 3.06
or 3.07, the Trustee shall not authenticate and deliver any Bearer Security unless all Coupons for
interest then matured have been detached and canceled.

     The Trustee or Authenticating Agent shall be entitled to receive, and (subject to Section
6.01) shall be fully protected in relying upon, prior to the authentication and delivery of the
Debt Securities and Coupons of such series, (i) the supplemental indenture or the Board Resolution
by or pursuant to which the form and terms of such Debt Securities and Coupons have been

- 20 -

 

approved, (ii) the certificates and opinions required pursuant to Section 1.02 and (iii) one
or more Opinions of Counsel substantially to the effect that:

     (1) all instruments furnished by the Company to the Trustee or Authenticating Agent in
connection with the authentication and delivery of such Debt Securities and Coupons conform
to the requirements of this Indenture and constitute sufficient authority hereunder for the
Trustee or Authenticating Agent to authenticate and deliver such Debt Securities and
Coupons;

     (2) the forms and terms of such Debt Securities and Coupons have been established in
conformity with the provisions of this Indenture;

     (3) in the event that the forms or terms of such Debt Securities and Coupons have been
established in a supplemental indenture, the execution and delivery of such supplemental
indenture has been duly authorized by all necessary corporate action of the Company, such
supplemental indenture has been duly executed and delivered by the Company and, assuming due
authorization, execution and delivery by the Trustee or Authenticating Agent, is a valid and
binding obligation enforceable against the Company in accordance with its terms, subject to
applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and
subject, as to enforceability, to general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law);

     (4) the execution and delivery of such Debt Securities and Coupons have been duly
authorized by all necessary corporate action of the Company and such Debt Securities and
Coupons have been duly executed by the Company and, assuming due authentication by the
Trustee or Authenticating Agent and delivery by the Company, are valid and binding
obligations of the Company enforceable against the Company in accordance with their terms,
entitled to the benefit of the Indenture, subject to applicable bankruptcy, insolvency and
similar laws affecting creditors’ rights generally and subject, as to enforceability, to
general principles of equity (regardless of whether enforcement is sought in a proceeding in
equity or at law) and subject to such other exceptions as counsel shall reasonably request
and as to which the Trustee shall not reasonably object; and

     (5) to the best of such counsel’s knowledge, all governmental consents, authorizations
and approvals which are required for the execution and delivery of the Indenture and the
Debt Securities under all applicable Federal and State of New York laws, and any other
applicable law, if any, have been received other than such as may be required by the
securities or blue sky laws of the various states in connection with the offer and sale of
the Debt Securities.

     Notwithstanding the provisions of Section 3.01 and of the preceding two paragraphs, if not all
of the Debt Securities of any series are to be issued at one time, it shall not be necessary to
deliver the Officers’ Certificate required by Section 3.01 or the Opinion of Counsel otherwise
required by clause (iii) of the preceding paragraph prior to or at the time of issuance of each
Debt

- 21 -

 

Security of such series, but such documents shall be delivered prior to or at the time of
delivery of the first Debt Security of such series.

     For purposes of this opinion, such counsel may rely as to factual matters upon certificates or
written statements from officers or other appropriate representatives of the Company or upon
certificates of public officials and such opinion may contain assumptions, limitations, exceptions
and restrictions which are reasonably satisfactory to the Trustee and its counsel.

     The Trustee or Authenticating Agent shall not be required to authenticate such Debt Securities
and Coupons if the issuance of such Debt Securities and Coupons pursuant to this Indenture will
affect the Trustee’s own rights, duties or immunities under the Debt Securities and this Indenture
in a manner which is not reasonably acceptable to the Trustee.

     Each Registered Security shall be dated the date of its authentication. Each Bearer Security
(including any temporary or permanent or other definitive Bearer Security in global form) shall be
dated as of the date of original issuance of the first Debt Security of such series to be issued,
except as otherwise provided pursuant to Section 3.01 with respect to the Bearer Securities of any
series.

     No Debt Security shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Debt Security a certificate of
authentication substantially in one of the forms provided for herein duly executed by the Trustee
or by an Authenticating Agent, and such certificate upon any Debt Security shall be conclusive
evidence, and the only evidence, that such Debt Security has been duly authenticated and delivered
hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any
Debt Security shall have been duly authenticated and delivered hereunder but never issued and sold
by the Company, and the Company shall deliver such Debt Security to the Trustee for cancellation as
provided in Section 3.08 together with a written statement (which need not comply with Section
1.02) stating that such Debt Security has never been issued and sold by the Company, for all
purposes of this Indenture such Debt Security shall be deemed never to have been authenticated and
delivered hereunder and shall never be entitled to the benefits of this Indenture.

Section 3.04 Temporary Debt Securities; Exchange of Temporary Global Notes for Definitive
Bearer Securities; Global Notes Representing Registered Securities.

     (a) Pending the preparation of definitive Registered Securities of any series, the Company may
execute, and upon Company Order the Trustee or Authenticating Agent shall authenticate and deliver,
temporary Registered Securities which are printed, lithographed, typewritten, mimeographed or
otherwise produced, in any authorized denomination for Registered Securities of such series,
substantially of the tenor of the definitive Registered Securities in lieu of which they are issued
and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Registered Securities may determine, as conclusively evidenced by their execution of
such Registered Securities. Every such temporary Registered Security shall be executed by the
Company and shall be authenticated and delivered by the Trustee upon the same conditions and in
substantially the same manner, and

- 22 -

 

with the same effect, as the definitive Registered Securities in lieu of which they are
issued. In the case of any series issuable as Bearer Securities, such temporary Debt Securities may
be in global form, representing such of the Outstanding Debt Securities of such series as shall be
specified therein.

     Except in the case of temporary Debt Securities in global form (which shall be exchanged in
accordance with the provisions of the following paragraphs), if temporary Debt Securities of any
series are issued, the Company will cause definitive Debt Securities of such series to be prepared
without unreasonable delay. After the preparation of definitive Debt Securities of such series, the
temporary Debt Securities of such series shall be exchangeable for definitive Debt Securities of
such series, of a like Stated Maturity and with like terms and provisions, upon surrender of the
temporary Debt Securities of such series at the office or agency of the Company in a Place of
Payment for such series, without charge to the Holder, except as provided in Section 3.05 in
connection with a transfer. Upon surrender for cancellation of any one or more temporary Debt
Securities of any series (accompanied by any unmatured Coupons), the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive
Debt Securities of the same series of authorized denominations and of a like Stated Maturity and
like terms and provisions; provided, however, that no definitive Bearer Security shall be delivered
in exchange for a temporary Registered Security; and provided, further, that a definitive Bearer
Security (including a permanent Bearer Security in global form) shall be delivered in exchange for
a temporary Bearer Security only in compliance with the conditions set forth in Section 3.03. Until
so exchanged, the temporary Registered Securities of any series shall in all respects be entitled
to the same benefits under this Indenture as definitive Registered Securities of such series.

     (b) Unless otherwise specified pursuant to Section 3.01, all Bearer Securities of a series
shall be initially issued in the form of a single temporary Bearer Security in global form (a
“temporary Global Note”). The Company shall execute, and upon Company Order the Trustee (or other
agent specified under Section 3.01) shall authenticate, any temporary Global Note and any permanent
Bearer Security in global form (as described below, a “permanent Global Note”) upon the same
conditions and in substantially the same manner, and with the same effect, as definitive Bearer
Securities, and the temporary or permanent Global Note, as the case may be, shall, unless otherwise
specified therein, be delivered by the Trustee (or such other agent) to the London office of a
depositary or common depositary (the “Common Depositary”), for the benefit of the Euroclear
Operator or Cedelbank, as the case may be, for credit to the account of the Company (in the case of
sales of Bearer Securities by the Company directly to investors) or the managing underwriter (in
the case of sales of Bearer Securities by the Company to underwriters) or such other accounts as
the Company or the managing underwriter, respectively, may direct in writing.

     On or after the date specified in or determined pursuant to the terms of any temporary Global
Note which (subject to any applicable laws and regulations) shall be at least 40 days after the
issue date of a temporary Global Note (the “Exchange Date”), the Debt Securities represented by
such temporary Global Note may be exchanged for definitive Debt Securities (subject to the second
succeeding paragraph) or Debt Securities to be represented thereafter by one or more permanent
Global Notes in definitive form without Coupons. On or after the

- 23 -

 

Exchange Date such temporary Global Note shall be surrendered by the Common Depositary to the
Trustee (or such other agent as is specified for the purpose pursuant to Section 3.01), as the
Company’s agent for such purpose at such place specified outside the United States pursuant to
Section 3.01 and following such surrender, the Trustee (or such other agent) shall (1) endorse the
temporary Global Note to reflect the reduction of its principal amount by an equal aggregate
principal amount of such Debt Security, (2) endorse the applicable permanent Global Note, if any,
to reflect the initial amount, or an increase in the amount of Debt Securities represented thereby,
(3) manually authenticate such definitive Debt Securities (including any permanent Global Note),
(4) deliver such definitive Debt Securities to the Holder thereof or, if such definitive Debt
Security is a permanent Global Note, deliver such permanent Global Note to the Common Depositary to
be held outside the United States for the accounts of the Euroclear Operator or Cedelbank, as the
case may be, for credit to the respective accounts at Euroclear Operator or Cedelbank, as the case
may be, designated by or on behalf of the beneficial owners of such Debt Securities (or to such
other accounts as they may direct) and (5) redeliver such temporary Global Note to the Common
Depositary, unless such temporary Global Note shall have been canceled in accordance with Section
3.08 hereof; provided, however, that, unless otherwise specified in such temporary Global Note,
upon such presentation by the Common Depositary, such temporary Global Note shall be accompanied by
a certificate dated the Exchange Date or a subsequent date and signed by the Euroclear Operator, as
to the portion of such temporary Global Note held for its account then to be exchanged for
definitive Debt Securities (including any permanent Global Note), and a certificate dated the
Exchange Date or a subsequent date and signed by Cedelbank, as to the portion of such temporary
Global Note held for its account then to be exchanged for definitive Debt Securities (including any
permanent Global Note), each substantially in the form set forth in Exhibit B to this Indenture.
Each certificate substantially in the form of Exhibit B hereto of the Euroclear Operator or
Cedelbank, as the case may be, shall be based on certificates of the account holders listed in the
records of the Euroclear Operator or Cedelbank, as the case may be, as being entitled to all or any
portion of the applicable temporary Global Note. An account holder of the Euroclear Operator or
Cedelbank, as the case may be, desiring to effect the exchange of an interest in a temporary Global
Note for an interest in definitive Debt Securities (including any permanent Global Note) shall
instruct the Euroclear Operator or Cedelbank, as the case may be, to request such exchange on its
behalf and shall deliver to the Euroclear Operator or Cedelbank, as the case may be, a certificate
substantially in the form of Exhibit A hereto and dated no earlier than 10 days prior to the
Exchange Date. Until so exchanged, temporary Global Notes shall in all respects be entitled to the
same benefits under this Indenture as definitive Debt Securities (including any permanent Global
Note) of the same series authenticated and delivered hereunder, except as to payment of interest,
if any.

     The delivery to the Company, its agent or the Trustee by the Euroclear Operator or Cedelbank
of any certificate substantially in the form of Exhibit B hereto may be relied upon by the Company,
its agent and the Trustee as conclusive evidence that a corresponding certificate or certificates
has or have been delivered to the Euroclear Operator or Cedelbank, as the case may be, pursuant to
the terms of this Indenture.

     On or prior to the Exchange Date, the Company shall deliver to the Trustee (or such other
agent as may be specified as the Company’s agent for such purpose pursuant to Section 3.01)

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definitive Debt Securities in an aggregate principal amount equal to the principal amount of
such temporary Global Note, executed by the Company. At any time, on or after the Exchange Date,
upon 30 days’ notice to the Trustee (or such other agent as may be specified as the Company’s agent
for such purpose pursuant to Section 3.01) by the Euroclear Operator or Cedelbank, as the case may
be, acting at the request of or on behalf of the beneficial owner, a Debt Security represented by a
temporary Global Note or a permanent Global Note, as the case may be, may be exchanged, in whole or
from time to time in part, for definitive Debt Securities without charge and the Trustee (or such
agent) shall authenticate and deliver, in exchange for each portion of such temporary Global Note
or such permanent Global Note, an equal aggregate principal amount of definitive Debt Securities of
the same series of authorized denominations and of a like Stated Maturity and with like terms and
conditions, as the portion of such temporary Global Note or such permanent Global Note to be
exchanged, which, unless the Debt Securities of the series are not issuable both as Bearer
Securities and as Registered Securities, as contemplated by Section 3.01, shall be in the form of
Bearer Securities or Registered Securities, or any combination thereof, as shall be specified by
the beneficial owner thereof; provided, however, that definitive Bearer Securities shall be
delivered in exchange for a portion of the temporary Global Note or the permanent Global Note only
in compliance with the requirements of the second preceding paragraph. On or prior to the
forty-fifth day following receipt by the Trustee (and such agent as may be specified as the
Company’s agent for such purpose pursuant to Section 3.01) of such notice with respect to a Debt
Security, or, if such day is not a Business Day, the next succeeding Business Day, the temporary
Global Note or the permanent Global Note, as the case may be, shall be surrendered by the Common
Depositary to the Trustee (or such other agent as may be specified as the Company’s agent for such
purpose pursuant to Section 3.01), as the Company’s agent for such purpose, to be exchanged, in
whole or from time to time in part, for definitive Debt Securities without charge following such
surrender, upon the request of the Euroclear Operator or Cedelbank, as the case may be, and the
Trustee (or such agent) shall (1) endorse the applicable temporary Global Note or the permanent
Global Note to reflect the reduction of its principal amount by the aggregate principal amount of
such Debt Security, (2) cause the terms of such Debt Security and Coupons, if any, to be entered on
a definitive Debt Security, (3) manually authenticate such definitive Debt Security, and (4) if a
Bearer Security is to be delivered, deliver such definitive Debt Security outside the United States
to the Euroclear Operator or Cedelbank, as the case may be, for or on behalf of the beneficial
owner thereof, in exchange for a portion of such temporary Global Note or the permanent Global
Note.

     Unless otherwise specified in such temporary Global Note or the permanent Global Note, any
such exchange shall be made free of charge to the beneficial owners of such temporary Global Note
or the permanent Global Note, except that a Person receiving definitive Debt Securities must bear
the cost of insurance, postage, transportation and the like in the event that such Person does not
take delivery of such definitive Debt Securities in person at the offices of the Euroclear Operator
or Cedelbank. Definitive Debt Securities in bearer form to be delivered in exchange for any portion
of a temporary Global Note or the permanent Global Note shall be delivered only outside the United
States. Notwithstanding the foregoing, in the event of redemption or acceleration of all or any
part of a temporary Global Note prior to the Exchange Date, a permanent Global Note or definitive
Bearer Securities, as the case may be, will not be

- 25 -

 

issuable in respect of such temporary Global Note or such portion thereof, and payment thereon
will instead be made as provided in such temporary Global Note.

     Until exchanged in full as hereinabove provided, any temporary Global Note or the permanent
Global Note shall in all respects be entitled to the same benefits under this Indenture as
definitive Debt Securities of the same series and tenor authenticated and delivered hereunder,
except that, unless otherwise specified as contemplated by Section 3.01, interest payable on such
temporary Global Note on an Interest Payment Date for Debt Securities of such series occurring
prior to the applicable Exchange Date shall be payable to the Euroclear Operator or Cedelbank on
such Interest Payment Date upon delivery by the Euroclear Operator or Cedelbank to the Trustee (or
such agent as may be specified pursuant to Section 3.01) of a certificate or certificates
substantially in the form set forth in Exhibit B to this Indenture, for credit without further
interest on or after such Interest Payment Date to the respective accounts of the Persons who are
the beneficial owners of such temporary Global Note on such Interest Payment Date and who have each
delivered to the Euroclear Operator or Cedelbank, as the case may be, a certificate substantially
in the form set forth in Exhibit A to this Indenture.

     Any definitive Bearer Security authenticated and delivered by the Trustee (or such agent) in
exchange for a portion of a temporary Global Note or the permanent Global Note shall not bear a
coupon for any interest which shall theretofore have been duly paid by the Trustee to the Euroclear
Operator or Cedelbank, or by the Company to the Trustee (or such agent) in accordance with the
provisions of this Section 3.04.

     With respect to Exhibits A and B to this Indenture, the Company may, in its discretion and if
required or desirable under applicable law, substitute one or more other forms of such Exhibits for
such Exhibits, eliminate the requirement that any or all certificates be provided, or change the
time that any certificate may be required, provided that such substitute form or forms or notice of
elimination or change of such certification requirement have theretofore been delivered to the
Trustee (and any agent of the Company appointed pursuant to Section 3.01 and referred to above)
with a Company Request and such form or forms, elimination or change is reasonably acceptable to
the Trustee (and any such agent).

     (c) If the Company shall establish pursuant to Section 3.01 that the Registered Securities of
a series are to be issued in whole or in part in the form of one or more Global Notes, then the
Company shall execute and the Trustee shall, in accordance with Section 3.03 and the Company Order
with respect to such series, authenticate and deliver one or more Global Notes in temporary or
permanent form that (i) shall represent and shall be denominated in an amount equal to the
aggregate principal amount of the Outstanding Debt Securities of such series to be represented by
one or more Global Notes, (ii) shall be registered in the name of the U.S. Depositary for such
Global Note or Notes or the nominee of such depositary, and (iii) shall bear a legend substantially
to the following effect:

“This Debt Security may not be transferred except as a whole by the Depositary to a
nominee of the Depositary or by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such successor Depositary, unless and

- 26 -

 

until this Debt Security is exchanged in whole or in part for Debt Securities in
definitive form.”

     Notwithstanding any other provision of this Section or Section 3.05, unless and until it is
exchanged in whole or in part for Registered Securities in definitive form, a Global Note
representing all or a portion of the Registered Securities of a series may not be transferred
except as a whole by the U.S. Depositary for such series to a nominee of such depositary or by a
nominee of such depositary to such depositary or another nominee of such depositary or by such
depositary or any such nominee to a successor U.S. Depositary for such series or a nominee of such
successor depositary.

     If at any time the U.S. Depositary for the Debt Securities of a series notifies the Company
that it is unwilling or unable to continue as U.S. Depositary for the Debt Securities of such
series or if at any time the U.S. Depositary for Debt Securities of a series shall no longer be a
clearing agency registered and in good standing under the Securities Exchange Act of 1934, as
amended, or other applicable statute or regulation, the Company shall appoint a successor U.S.
Depositary with respect to the Debt Securities of such series. If a successor U.S. Depositary for
the Debt Securities of such series is not appointed by the Company within 90 days after the Company
receives such notice or becomes aware of such condition, the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities
of such series, will authenticate and deliver, Registered Securities of such series in definitive
form in an aggregate principal amount equal to the principal amount of the Global Note or Notes
representing such series in exchange for such Global Note or Notes.

     The Company may at any time and in its sole discretion determine that the Registered
Securities of any series issued in the form of one or more Global Notes shall no longer be
represented by such Global Note or Notes. In such event, the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities
of such series, will authenticate and deliver, Registered Securities of such series in definitive
form and in an aggregate principal amount equal to the principal amount of the Global Note or Notes
representing such series in exchange for such Global Note or Notes.

     If the Registered Securities of any series shall have been issued in the form of one or more
Global Notes and if an Event of Default with respect to the Debt Securities of such series shall
have occurred and be continuing, the Company will promptly execute, and the Trustee, upon receipt
of a Company Order for the authentication and delivery of definitive Debt Securities of such
series, will authenticate and deliver, Registered Securities of such series in definitive form and
in an aggregate principal amount equal to the principal amount of the Global Note or Notes
representing such series in exchange for such Global Note or Notes.

     If specified by the Company pursuant to Section 3.01 with respect to Registered Securities of
a series, the U.S. Depositary for such series of Registered Securities may surrender a Global Note
for such series of Debt Securities in exchange in whole or in part for Registered Securities of
such series in definitive form on such terms as are acceptable to the Company and such depositary.
Thereupon, the Company shall execute and the Trustee shall authenticate and deliver, without
charge:

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     (i) to each Person specified by the U.S. Depositary a new Registered Security or
Securities of the same series, of any authorized denomination as requested by such Person in
an aggregate principal amount equal to and in exchange for such Person’s beneficial interest
in the Global Note; and

     (ii) to the U.S. Depositary a new Global Note in a denomination equal to the
difference, if any, between the principal amount of the surrendered Global Note and the
aggregate principal amount of Registered Securities delivered to Holders thereof.

     Upon the exchange of a Global Note for Registered Securities in definitive form, such Global
Note shall be canceled by the Trustee. Debt Securities issued in exchange for a Global Note
pursuant to this subsection (c) shall be registered in such names and in such authorized
denominations as the U.S. Depositary for such Global Note, pursuant to instructions from its direct
or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such
Debt Securities to the Persons in whose names such Debt Securities are so registered.

Section 3.05 Registration, Transfer and Exchange.

     (a) The Company shall cause to be kept at the Corporate Trust Office of the Trustee (or such
other office designated under Section 3.01) a register (the registers maintained in such office and
in any other office or agency of the Company in a Place of Payment being herein sometimes
collectively referred to as the “Security Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Registered
Securities and of transfers and exchanges of Registered Securities. The Trustee is hereby appointed
“Security Registrar” for the purpose of registering Registered Securities and registering transfers
and exchanges of Registered Securities as herein provided; provided, however, that the Company may
appoint co-Security Registrars.

     Upon surrender for registration of transfer of any Registered Security of any series at the
office or agency of the Company maintained for such purpose, the Company shall execute, and the
Trustee or an Authenticating Agent shall authenticate and deliver, in the name of the designated
transferee, one or more new Registered Securities of the same series of like aggregate principal
amount of such denominations as are authorized for Registered Securities of such series and of a
like Stated Maturity and with like terms and conditions.

     Except as otherwise provided in Section 3.04 and this Section 3.05, at the option of the
Holder, Registered Securities of any series may be exchanged for other Registered Securities of the
same series of like aggregate principal amount and of a like Stated Maturity and with like terms
and conditions, upon surrender of the Registered Securities to be exchanged at such office or
agency. Whenever any Registered Securities are surrendered for exchange, the Company shall execute,
and the Trustee shall authenticate and deliver, the Registered Securities which the Holder making
the exchange is entitled to receive.

     (b) If and to the extent specified pursuant to Section 3.01, the provisions of this Section
3.05(b) shall be applicable to Debt Securities of any series which are Bearer Securities. At the
option of the Holder thereof, to the extent permitted by law, any Bearer Security of any

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series which by its terms is registrable as to principal and interest may be exchanged for a
Registered Security of such series of like aggregate principal amount and of a like Stated Maturity
and with like terms and conditions upon surrender of such Bearer Security at the Corporate Trust
Office or at any other office or agency of the Company designated pursuant to Section 3.01 for the
purpose of making any such exchanges. Any Coupon Security surrendered for exchange shall be
surrendered with all unmatured Coupons and any matured Coupons in default attached thereto. If the
Holder of a Bearer Security is unable to produce any such unmatured Coupon or Coupons or matured
Coupon or Coupons in default, such exchange may be effected if the Bearer Securities are
accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of
such missing Coupon or Coupons, or the surrender of such missing Coupon or Coupons may be waived by
the Company and the Trustee or Authenticating Agent if there is furnished to them such security or
indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the
Holder of such Bearer Security shall surrender to any Paying Agent any such missing Coupon in
respect of which such a payment shall have been made, such Holder shall be entitled to receive the
amount of such payment; provided, however, that except as otherwise provided in Section 12.03,
interest represented by Coupons shall be payable only upon presentation and surrender of those
Coupons at an office or agency located outside the United States. Notwithstanding the foregoing, in
case a Bearer Security of any series is surrendered at any such office or agency in exchange for a
Registered Security of the same series and of a like Stated Maturity and with like terms and
conditions after the close of business at such office or agency on (i) any Regular Record Date and
before the opening of business at such office or agency on the relevant Interest Payment Date, or
(ii) any Special Record Date and before the opening of business at such office or agency on the
related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered
without the Coupon relating to such Interest Payment Date or proposed date for payment, as the case
may be (or, if such Coupon is so surrendered with such Bearer Security, such Coupon shall be
returned to the Person so surrendering the Bearer Security), and interest or Defaulted Interest, as
the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as
the case may be, in respect of the Registered Security issued in exchange for such Bearer Security,
but will be payable only to the Holder of such Coupon when due in accordance with the provisions of
this Indenture. The Company shall execute, and the Trustee shall authenticate and deliver, the
Registered Security or Securities which the Holder making the exchange is entitled to receive.

     Notwithstanding the foregoing, the exchange of Bearer Securities for Registered Securities
will be subject to the provisions of United States income tax laws and regulations applicable to
Debt Securities in effect at the time of such exchange.

     (c) Except as otherwise specified pursuant to Section 3.01, in no event may Registered
Securities, including Registered Securities received in exchange for Bearer Securities, be
exchanged for Bearer Securities.

     (d) All Debt Securities issued upon any transfer or exchange of Debt Securities shall be valid
obligations of the Company, evidencing the same debt, and entitled to the same benefits under this
Indenture, as the Debt Securities surrendered for such transfer or exchange.

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     Every Registered Security presented or surrendered for transfer or exchange shall (if so
required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar, duly executed, by the
Holder thereof or his attorney duly authorized in writing.

     No service charge will be made for any transfer or exchange of Debt Securities except as
provided in Section 3.04(b) or 3.06. The Company and the Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any
registration, transfer or exchange of Debt Securities, other than those expressly provided in this
Indenture to be made at the Company’s own expense or without expense or without charge to the
Holders.

     The Company shall not be required (i) to register, transfer or exchange Debt Securities of any
series during a period beginning at the opening of business 15 days before the day of the
transmission of a notice of redemption of Debt Securities of such series selected for redemption
under Section 13.03 and ending at the close of business on the day of such transmission, or (ii) to
register, transfer or exchange any Debt Security so selected for redemption in whole or in part,
except the unredeemed portion of any Debt Security being redeemed in part.

Section 3.06 Mutilated, Destroyed, Lost and Stolen Debt Securities. 

     If (i) any mutilated Debt Security or any mutilated Coupon with the Coupon Security to which
it appertains (and all unmatured Coupons attached thereto) is surrendered to the Trustee or
Authenticating Agent, or (ii) the Company and the Trustee or Authenticating Agent receive evidence
to their satisfaction of the destruction, loss or theft of any Debt Security or any Coupon, and
there is delivered to the Company and the Trustee or Authenticating Agent such security or
indemnity as may be required by them to save each of them and any Paying Agent harmless, and
neither the Company nor the Trustee receives notice that such Debt Security or Coupon has been
acquired by a bona fide purchaser, then the Company shall execute and upon Company Request the
Trustee or Authenticating Agent shall authenticate and deliver, in exchange for or in lieu of any
such mutilated, destroyed, lost or stolen Debt Security or in exchange for the Coupon Security to
which such mutilated, destroyed, lost or stolen Coupon appertained, a new Debt Security of the same
series of like Stated Maturity and with like terms and conditions and like principal amount,
bearing a number not contemporaneously Outstanding, and, in the case of a Coupon Security, with
such Coupons attached thereto that neither gain nor loss in interest shall result from such
exchange or substitution.

     In case any such mutilated, destroyed, lost or stolen Debt Security or Coupon has become or is
about to become due and payable, the Company in its discretion may, instead of issuing a new Debt
Security, pay the amount due on such Debt Security or Coupon in accordance with its terms;
provided, however, that principal of (and premium, if any) and any interest on Bearer Securities
shall, except as otherwise provided in Section 12.03, be payable only at an office or agency
located outside the United States and, unless otherwise specified as contemplated by Section 3.01
or except as otherwise provided in this Section 3.06, any interest on Bearer Securities shall be
payable only upon presentation and surrender of the Coupons appertaining thereto.

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

     Every new Debt Security or Coupon of any series issued pursuant to this Section shall
constitute an original additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Debt Security or Coupon 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 Debt Securities or Coupons of that series duly issued hereunder.

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

Section 3.07 Payment of Interest; Interest Rights Preserved. 

     (a) Interest on any Registered Security which is payable and is punctually paid or duly
provided for on any Interest Payment Date shall be paid to the Person in whose name such Registered
Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest notwithstanding the cancellation of such Registered Security
upon any transfer or exchange subsequent to the Regular Record Date. Unless otherwise specified as
contemplated by Section 3.01 with respect to the Debt Securities of any series, payment of interest
on Registered Securities shall be made at the place or places specified pursuant to Section 3.01
or, at the option of the Company, by check mailed to the address of the Person entitled thereto as
such address shall appear in the Security Register or, if provided pursuant to Section 3.01, by
wire transfer to an account designated by the Registered Holder.

     (b) Interest on any Coupon Security which is payable and is punctually paid or duly provided
for on any Interest Payment Date shall, except as otherwise provided in Section 12.03, be paid to
the Holder of the Coupon which has matured on such Interest Payment Date upon surrender of such
Coupon on such Interest Payment Date at an office or agency of the Company in a Place of Payment
located outside the United States specified pursuant to Section 3.01.

     Interest on any Bearer Security (other than a Coupon Security) which is payable and is
punctually paid or duly provided for on any Interest Payment Date shall be paid to the Holder of
the Bearer Security upon presentation of such Bearer Security and notation thereon on such Interest
Payment Date at an office or agency of the Company in a Place of Payment located outside the United
States specified pursuant to Section 3.01.

     Unless otherwise specified pursuant to Section 3.01, at the direction of the Holder of any
Bearer Security or Coupon payable in Dollars, payment on such Bearer Security or Coupon will be
made by check or, if agreeable to the Trustee (or the Paying Agent specified pursuant to Section
3.01), by wire transfer to a Dollar account maintained by such Holder outside the United States. If
such payment at the offices of all Paying Agents outside the United States becomes illegal or is
effectively precluded because of the imposition of exchange controls or similar

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restrictions on the full payment or receipt of such amounts in Dollars, the Company will
appoint an office or agent in the United States at which such payment may be made. Unless otherwise
specified pursuant to Section 3.01, at the direction of the Holder of any Bearer Security or Coupon
payable in a Foreign Currency, payment on such Bearer Security or Coupon will be made by a check
drawn on a bank outside the United States or, if acceptable to the Trustee or such Paying Agent, by
wire transfer to an appropriate account maintained by such Holder outside the United States. Except
as provided in this paragraph, no payment on any Bearer Security or Coupon will be made by mail to
an address in the United States or by wire transfer to an account in the United States.

     (c) Any interest on any Debt Security which is payable but is not punctually paid or duly
provided for on any Interest Payment Date (herein called “Defaulted Interest”) shall, if such Debt
Security is a Registered Security, forthwith cease to be payable to the Registered Holder on the
relevant Regular Record Date by virtue of his having been such Registered Holder, and such
Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause
(1) or (2) below:

     (1) The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names such Registered Securities (or their respective Predecessor Securities) are
registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall, at
least 25 days prior to the date of the proposed payment, notify the Trustee in writing of
the amount of Defaulted Interest proposed to be paid on each such Registered Security and
the date of the proposed payment, and at the same time the Company shall deposit with the
Trustee an amount of money in the Currency or Currency Unit in which the Debt Securities of
such series are payable (except as otherwise specified pursuant to Section 3.01 or 3.10)
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 is to be held in trust for the benefit of
the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which
date shall be not more than 20 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 Special 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 Special Record Date therefor to be mailed,
first-class postage prepaid, to the Holders of such Registered Securities at their addresses
as they appear in the Security Register, not less than 10 days prior to such Special Record
Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the
Persons in whose names such Registered Securities (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date and shall no
longer be payable pursuant to the following clause (2).

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     (2) The Company may make payment of any Defaulted Interest on Registered Securities in
any other lawful manner not inconsistent with the requirements of any securities exchange on
which such Registered Securities may be listed, and upon such notice as may be required by
such exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

     (d) Any Defaulted Interest payable in respect of Bearer Securities of any series shall be
payable pursuant to such procedures as may be satisfactory to the Trustee in such manner that there
is no discrimination between the Holders of Registered Securities (if any) and Bearer Securities of
such series, and notice of the payment date therefor shall be given by the Trustee, in the name and
at the expense of the Company, in the manner provided in Section 1.05 not more than 20 days and not
less than 10 days prior to the date of the proposed payment.

     (e) Subject to the foregoing provisions of this Section, each Debt Security delivered under
this Indenture upon transfer of or in exchange for or in lieu of any other Debt Security shall
carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other
Debt Security.

Section 3.08 Cancellation.

     Unless otherwise specified pursuant to Section 3.01 for Debt Securities of any series, all
Debt Securities surrendered for payment, redemption, transfer, exchange or credit against any
sinking fund and all Coupons surrendered for payment or exchange shall, if surrendered to any
Person other than the Trustee, be delivered to the Trustee. All Registered Securities and matured
Coupons so delivered shall be promptly canceled by the Trustee. All Bearer Securities and unmatured
Coupons so delivered shall be held by the Trustee and, upon instruction by the Company Order, shall
be canceled or held for reissuance. Bearer Securities and unmatured Coupons held for reissuance may
be reissued only in exchange for Bearer Securities of the same series and of like Stated Maturity
and with like terms and conditions pursuant to Section 3.05 or in replacement of mutilated, lost,
stolen or destroyed Bearer Securities of the same series and of like Stated Maturity and with like
terms and conditions or the related Coupons pursuant to Section 3.06. All Bearer Securities and
unmatured Coupons held by the Trustee pending such cancellation or reissuance shall be deemed to be
delivered for cancellation for all purposes of this Indenture and the Debt Securities. The Company
may at any time deliver to the Trustee for cancellation any Debt Securities or Coupons previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever,
and the Company may deliver to the Trustee (or to any other Person for delivery to the Trustee) for
cancellation any Debt Securities previously authenticated hereunder which the Company has not
issued, and all Debt Securities or Coupons so delivered shall be promptly canceled by the Trustee.
No Debt Securities or Coupons shall be authenticated in lieu of or in exchange for any Debt
Securities or Coupons canceled as provided in this Section, except as expressly permitted by this
Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be destroyed by the
Trustee in accordance with its customary procedures and a certificate of destruction shall be
delivered to the Company upon Company Request. The acquisition of any Debt Securities or Coupons by
the Company shall not operate as a redemption or satisfaction of the indebtedness represented

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thereby unless and until such Debt Securities or Coupons are surrendered to the Trustee for
cancellation. In the case of any temporary Global Note which shall be destroyed if the entire
aggregate principal amount of the Debt Securities represented thereby has been exchanged, the
certificate of destruction shall state that all certificates required pursuant to Section 3.04
hereof and substantially in the form of Exhibit B hereto, to be given by the Euroclear Operator or
Cedelbank, have been duly presented to the Trustee by the Euroclear Operator or Cedelbank, as the
case may be. Permanent Global Notes shall not be destroyed until exchanged in full for definitive
Debt Securities or until payment thereon is made in full.

Section 3.09 Computation of Interest.

     Except as otherwise specified pursuant to Section 3.01 for Debt Securities of any series,
interest on the Debt Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months.

Section 3.10 Currency of Payments in Respect of Debt Securities.

     (a) Except as otherwise specified pursuant to Section 3.01 for Bearer Securities of any
series, payment of the principal of (and premium, if any) and interest on Bearer Securities of such
series denominated in any Currency will be made in such Currency.

     (b) With respect to Registered Securities of any series not permitting the election provided
for in paragraph (c) below or the Holders of which have not made the election provided for in
paragraph (c) below, except as provided in paragraph (e) below, payment of the principal of (and
premium, if any) and any interest on any Registered Security of such series will be made in the
Currency in which such Registered Security is payable.

     (c) It may be provided pursuant to Section 3.01 with respect to the Registered Securities of
any series that Holders shall have the option, subject to paragraphs (e) and (f) below, to receive
payments of principal of (and premium, if any) and any interest on such Registered Securities in
any of the Currencies which may be designated for such election by delivering to the Trustee a
written election, to be in form and substance reasonably satisfactory to the Trustee, not later
than the close of business on the Election Date immediately preceding the applicable payment date.
If a Holder so elects to receive such payments in any such Currency, such election will remain in
effect for such Holder or any transferee of such Holder until changed by such Holder or such
transferee by written notice to the Trustee (but any such change must be made not later than the
close of business on the Election Date immediately preceding the next payment date to be effective
for the payment to be made on such payment date and no such change or election may be made with
respect to payments to be made on any Registered Security of such series with respect to which an
Event of Default has occurred or notice of redemption has been given by the Company pursuant to
Article Thirteen). Any Holder of any such Registered Security who shall not have delivered any such
election to the Trustee by the close of business on the applicable Election Date will be paid the
amount due on the applicable payment date in the relevant Currency as provided in paragraph (b) of
this Section 3.10.

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     (d) If the election referred to in paragraph (c) above has been provided for pursuant to
Section 3.01, then not later than the fourth Business Day after the Election Date for each payment
date, the Trustee or agent appointed pursuant to Section 3.01 will deliver to the Company a written
notice specifying, in the Currency in which each series of the Registered Securities is payable,
the respective aggregate amounts of principal of (and premium, if any) and any interest on the
Registered Securities to be paid on such payment date, specifying the amounts so payable in respect
of the Registered Securities as to which the Holders of Registered Securities denominated in any
Currency shall have elected to be paid in another Currency as provided in paragraph (c) above. If
the election referred to in paragraph (c) above has been provided for pursuant to Section 3.01 and
if at least one Holder has made such election, then, on the second Business Day preceding each
payment date, the Company will deliver to the Trustee an Exchange Rate Officer’s Certificate in
respect of the Currency payments to be made on such payment date. The Currency amount receivable by
Holders of Registered Securities who have elected payment in a Currency as provided in paragraph
(c) above shall be determined by the Company on the basis of the applicable Market Exchange Rate in
effect on the third Business Day (the “Valuation Date”) immediately preceding each payment date.

     (e) If a Conversion Event occurs with respect to a Foreign Currency or any other Currency Unit
in which any of the Debt Securities are denominated or payable other than pursuant to an election
provided for pursuant to paragraph (c) above, then with respect to each date for the payment of
principal of (and premium, if any) and any interest on the applicable Debt Securities denominated
or payable in such Foreign Currency or such other Currency Unit occurring after the last date on
which such Foreign Currency or such other Currency Unit was used (the “Conversion Date”), the
Dollar shall be the Currency of payment for use on each such payment date. The Dollar amount to be
paid by the Company to the Trustee and by the Trustee or any Paying Agent to the Holders of such
Debt Securities with respect to such payment date shall be the Dollar Equivalent of the Foreign
Currency or, in the case of a Currency Unit, the Dollar Equivalent of the Currency Unit, in each
case as determined by the Currency Determination Agent, in the manner provided in paragraph (g) or
(h) below.

     (f) If the Holder of a Registered Security denominated in any Currency shall have elected to
be paid in another Currency as provided in paragraph (c) above, and a Conversion Event occurs with
respect to such elected Currency, such Holder shall receive payment in the Currency in which
payment would have been made in the absence of such election. If a Conversion Event occurs with
respect to the Currency in which payment would have been made in the absence of such election, such
Holder shall receive payment in Dollars as provided in paragraph (e) of this Section 3.10.

     (g) The “Dollar Equivalent of the Foreign Currency” shall be determined by the Currency
Determination Agent, and shall be obtained for each subsequent payment date by converting the
specified Foreign Currency into Dollars at the Market Exchange Rate on the Conversion Date.

     (h) The “Dollar Equivalent of the Currency Unit” shall be determined by the Currency
Determination Agent, and subject to the provisions of paragraph (i) below, shall be the sum of each
amount obtained by converting the Specified Amount of each Component Currency

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into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date
with respect to each payment.

     (i) For purposes of this Section 3.10 the following terms shall have the following meanings:

     A “Component Currency” shall mean any Currency which, on the Conversion Date, was a
component Currency of the relevant Currency Unit.

     A “Specified Amount” of a Component Currency shall mean the number of units of such
Component Currency or fractions thereof which were represented in the relevant Currency Unit
on the Conversion Date. If after the Conversion Date the official unit of any Component
Currency is altered by way of combination or subdivision, the Specified Amount of such
Component Currency shall be divided or multiplied in the same proportion. If after the
Conversion Date two or more Component Currencies are consolidated into a single Currency,
the respective Specified Amounts of such Component Currencies shall be replaced by an amount
in such single Currency equal to the sum of the respective Specified Amounts of such
consolidated Component Currencies expressed in such single Currency, and such amount shall
thereafter be a Specified Amount and such single Currency shall thereafter be a Component
Currency. If after the Conversion Date any Component Currency shall be divided into two or
more Currencies, the Specified Amount of such Component Currency shall be replaced by
amounts of such two or more Currencies with appropriate Dollar equivalents at the Market
Exchange Rate on the date of such replacement equal to the Dollar equivalent of the
Specified Amount of such former Component Currency at the Market Exchange Rate on such date,
and such amounts shall thereafter be Specified Amounts and such Currencies shall thereafter
be Component Currencies. If after the Conversion Date of the relevant Currency Unit, a
Conversion Event (other than any event referred to above in this definition of “Specified
Amount”) occurs with respect to any Component Currency of such Currency Unit, the Specified
Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent
of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the
Conversion Date of such Component Currency.

     “Election Date” shall mean the record date with respect to any payment date, and with
respect to the Maturity shall mean the record date (if within 16 or fewer days prior to the
Maturity) immediately preceding the Maturity, and with respect to any series of Debt
Securities whose record date immediately preceding the Maturity is more than 16 days prior
to the Maturity or any series of Debt Securities for which no record dates are provided with
respect to interest payments, shall mean the date which is 16 days prior to the Maturity.

     (j) All decisions and determinations of the Currency Determination Agent, if any, regarding
the Dollar Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency Unit and the
Market Exchange Rate shall be in its sole discretion and shall, in the absence of manifest error,
be conclusive for all purposes and irrevocably binding upon the Company and all Holders of the Debt
Securities denominated or payable in the relevant Currency. In the event of a

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Conversion Event with respect to a Foreign Currency, the Company, after learning thereof, will
immediately give written notice thereof to the Trustee (and the Trustee will promptly thereafter
give notice in the manner provided in Section 1.05 to the Holders) specifying the Conversion Date.
In the event of a Conversion Event with respect to any Currency Unit in which Debt Securities are
denominated or payable, the Company, after learning thereof, will immediately give written notice
thereof to the Trustee (and the Trustee will promptly thereafter give written notice in the manner
provided in Section 1.05 to the Holders) specifying the Conversion Date and the Specified Amount of
each Component Currency on the Conversion Date. In the event of any subsequent change in any
Component Currency as set forth in the definition of Specified Amount above, the Company, after
learning thereof, will similarly give written notice to the Trustee. The Trustee shall be fully
justified and protected in relying and acting upon information received by it from the Company and
the Currency Determination Agent, if any, and may, notwithstanding any other provision of this
Indenture, conclusively assume that no Conversion Event or other event of which it is entitled to
notice hereunder has occurred unless it receives written notice thereof as provided herein, and
shall not otherwise have any duty or obligation to determine such information independently.

     (k) For purposes of any provision of this Indenture where the Holders of Outstanding Debt
Securities may perform an Act which requires that a specified percentage of the Outstanding Debt
Securities of all series perform such Act and for purposes of any decision or determination by the
Trustee of amounts due and unpaid for the principal (and premium, if any) and interest on the Debt
Securities of all series in respect of which moneys are to be disbursed ratably, the principal of
(and premium, if any) and interest on the Outstanding Debt Securities denominated in a Foreign
Currency will be the amount in Dollars based upon the Market Exchange Rate for Debt Securities of
such series, as of the date for determining whether the Holders entitled to perform such Act have
performed it, or as of the Business Day immediately prior to the date of such decision or
determination by the Trustee, as the case may be.

Section 3.11 Judgments.

     If for the purpose of obtaining a judgment in any court with respect to any obligation of the
Company hereunder or under any Debt Security, it shall become necessary to convert into any other
Currency any amount in the Currency due hereunder or under such Debt Security, then such conversion
shall be made at the Market Exchange Rate as in effect on the date the Company shall make payment
to any Person in satisfaction of such judgment. If pursuant to any such judgment, conversion shall
be made on a date other than the date payment is made and there shall occur a change between such
Market Exchange Rate and the Market Exchange Rate as in effect on the date of payment, the Company
agrees to pay such additional amounts (if any) as may be necessary to ensure that the amount paid
is equal to the amount in such other Currency which, when converted at the Market Exchange Rate as
in effect on the date of payment or distribution, is the amount then due hereunder or under such
Debt Security. Any amount due from the Company under this Section 3.11 shall be due as a separate
debt and is not to be affected by or merged into any judgment being obtained for any other sums due
hereunder or in respect of any Debt Security. In no event, however, shall the Company be required
to pay more in the Currency or Currency Unit due hereunder or under such Debt Security at the
Market Exchange Rate as in effect when payment is made than the amount of Currency stated to be due

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hereunder or under such Debt Security so that in any event the Company’s obligations hereunder
or under such Debt Security will be effectively maintained as obligations in such Currency, and the
Company shall be entitled to withhold (or be reimbursed for, as the case may be) any excess of the
amount actually realized upon any such conversion over the amount due and payable on the date of
payment or distribution.

Section 3.12 Exchange Upon Default.

     If default is made in the payments referred to in Section 12.01, the Company hereby undertakes
that upon presentation and surrender of a permanent Global Note to the Trustee (or to any other
Person or at any other address as the Company may designate in writing), on any Business Day on or
after the maturity date thereof the Company will issue and, upon receipt of a Company Order, the
Trustee will authenticate and deliver to the bearer of such permanent Global Note duly executed and
authenticated definitive Debt Securities with the same issue date and maturity date as set out in
such permanent Global Note.

Section 3.13 CUSIP Numbers.

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

ARTICLE IV

SATISFACTION AND DISCHARGE

Section 4.01 Satisfaction and Discharge of Indenture. 

     This Indenture, with respect to the Debt Securities of any series (if all series issued under
this Indenture are not to be affected), shall upon Company Request, cease to be of further effect
(except as to any surviving rights of registration of transfer or exchange or conversion of such
Debt Securities herein expressly provided for or expressly provided in the terms of the Debt
Securities of such series pursuant to Section 3.01, and rights to receive payments of principal
(and premium, if any) and interest on such Debt Securities) and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and discharge of this
Indenture, when

     (1) either

     (A) all Debt Securities and the Coupons, if any, of such series theretofore
authenticated and delivered (other than (i) Debt Securities and Coupons of such series which
have been destroyed, lost or stolen and which have been replaced or paid as provided in
Section 3.06, (ii) Coupons appertaining to Bearer Securities surrendered for

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exchange for Registered Securities and maturing after such exchange, whose surrender is
not required or has been waived under Section 3.05, (iii) Coupons appertaining to Bearer
Securities called for redemption and maturing after the relevant Redemption Date, whose
surrender has been waived as provided in Section 13.06, and (iv) Debt Securities and Coupons
of such series for whose payment money has theretofore been deposited 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 12.04) have been delivered to the Trustee for
cancellation; or

     (B) all Debt Securities and the Coupons, if any, of such series not theretofore
delivered to the Trustee for cancellation,

     (i) have become due and payable, or

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

     (iii) are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice by the Trustee in the name, and
at the expense, of the Company, and the Company, in the case of (i), (ii) or (iii)
of this subclause (B), has irrevocably deposited or caused to be deposited with the
Trustee as trust funds in trust for such purpose an amount in the Currency in which
such Debt Securities are denominated (except as otherwise provided pursuant to
Section 3.01 or 3.10) sufficient to pay and discharge the entire indebtedness on
such Debt Securities for principal (and premium, if any) and interest to the date of
such deposit (in the case of Debt Securities which have become due and payable) or
to the Stated Maturity or Redemption Date, as the case may be; provided, however, in
the event a petition for relief under the Federal bankruptcy laws, as now or
hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or other similar law, is filed with respect to the Company within 91 days
after the deposit and the Trustee is required to return the deposited money to the
Company, the obligations of the Company under this Indenture with respect to such
Debt Securities shall not be deemed terminated or discharged;

     (2) the Company has paid or caused to be paid all other sums payable hereunder by the Company;

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

     (4) the Company has delivered to the Trustee an Opinion of Counsel or a ruling by the Internal
Revenue Service to the effect that such deposit and discharge will not cause Holders

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of the Debt Securities of the series to recognize income, gain or loss for Federal income tax
purposes.

     Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 6.07, the obligations of the Trustee to any Authenticating
Agent under Section 6.14, the obligations of the Company under Section 12.01, and, if money shall
have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section, the
obligations of the Trustee under Section 4.02 and the last paragraph of Section 12.04, shall
survive. If, after the deposit referred to in subclause (B) of clause 1 of this Section has been
made, (x) the Holder of a Debt Security is entitled to, and does, elect pursuant to Section
3.10(c), to receive payment in a Currency other than that in which deposit was made, or (y) if a
Conversion Event occurs with respect to the Currency in which deposit was made or elected to be
received by the Holder pursuant to Section 3.10(c), then the indebtedness represented by such Debt
Security shall be fully discharged to the extent that deposit made with respect to such Debt
Security shall be converted into the Currency in which such payment is made.

Section 4.02 Application of Trust Money.

     Subject to the provisions of the last paragraph of Section 12.04, all money deposited with the
Trustee pursuant to Section 4.01 shall be held in trust and applied by it, in accordance with the
provisions of the Debt Securities and Coupons, if any, 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 (and premium, if any) and
interest for whose payment such money has been deposited with the Trustee.

ARTICLE V

REMEDIES

Section 5.01 Events of Default.

     “Event of Default” wherever used herein with respect to Debt Securities of any series means
any one of the following events (whatever the reason for such Event of Default and whether it shall
be voluntary or involuntary or be effected by operation of law, pursuant to any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body):

     (1) default in the payment of any interest upon any Debt Security or any payment with
respect to the Coupons, if any, of such series when it becomes due and payable, and
continuance of such default for a period of 30 days; or

     (2) default in the payment of the principal of (and premium, if any, on) any Debt
Security of such series at its Maturity; or

     (3) default in the deposit of any sinking fund payment, when and as due by the terms of
a Debt Security of such series; or

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     (4) default in the performance, or breach, of any covenant or warranty of the Company
in this Indenture (other than a covenant or warranty a default in whose performance or whose
breach is elsewhere in this Section specifically dealt with or any covenant or warranty
which expressly has been included in this Indenture solely for the benefit of Debt
Securities of a series other than 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 or to the Company and the Trustee by the Holders of at least 25% in
principal amount of the Outstanding Debt Securities of such series, a 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

     (5) a default under any bond, debenture, note or other evidence of indebtedness for
money borrowed (including a default with respect to Debt Securities of any series other than
that series) or under any mortgage, indenture or instrument under which there may be issued
or by which there may be secured or evidenced any indebtedness for money borrowed by the
Company or any Significant Subsidiary in excess of $3,000,000 (including this Indenture),
whether such indebtedness now exists or shall hereafter be created, which default shall have
resulted in such indebtedness becoming or being declared due and payable prior to the date
on which it would otherwise have become due and payable, without such acceleration having
been rescinded or annulled within a period of 30 days after there shall have been given, by
registered or certified mail, to the Company by the Trustee or to the Company and the
Trustee by the Holders of not less than 25% in principal amount of the Outstanding Debt
Securities of that series a written notice specifying such default and requiring the Company
or the Significant Subsidiary, as the case may be, to cause such acceleration to be
rescinded or annulled and stating that such notice is a “Notice of Default” hereunder;
provided, however, that if such default shall be remedied or cured by the Company or the
Significant Subsidiary or waived by the holders of such indebtedness, then the Event of
Default hereunder by reason thereof shall be deemed likewise to have been thereupon
remedied, cured or waived without any action on the part of the Trustee or any of the
Holders; or

     (6) the entry of a decree or order for relief in respect of the Company or any
Significant Subsidiary by a court having jurisdiction in the premises in an involuntary case
under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable
Federal or State bankruptcy, insolvency or other similar law, or a decree or order adjudging
the Company or any Significant Subsidiary a bankrupt or insolvent, or approving as properly
filed a petition seeking reorganization, arrangement, adjustment or composition of or in
respect of the Company or any Significant Subsidiary under any applicable Federal or State
law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or
other similar official) of the Company or any Significant Subsidiary 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

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     (7) the commencement by the Company or any Significant Subsidiary of a voluntary case
under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable
Federal or State bankruptcy, insolvency or other similar law, or the consent by it to the
entry of an order for relief in an involuntary case under any such law or to the appointment
of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar
official) of the Company or any Significant Subsidiary or of any substantial part of its
property, or the making by it of an assignment for the benefit of its 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 or any Significant Subsidiary in
furtherance of any such action; or

     (8) any other Event of Default provided with respect to Debt Securities of that series
pursuant to Section 3.01.

Section 5.02 Acceleration of Maturity; Rescission and Annulment. 

     If an Event of Default with respect to Debt Securities of any series at that time Outstanding
occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25%
in principal amount of the Outstanding Debt Securities of such series may declare the principal
amount (or, if any Debt Securities of such series are Discount Securities, such portion of the
principal amount of such Discount Securities as may be specified in the terms of such Discount
Securities) of all the Debt 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 such principal amount (or specified amount) plus accrued and unpaid interest (and
premium, if any), shall become immediately due and payable. Upon payment of such amount in the
Currency in which such Debt Securities are denominated (except as otherwise provided pursuant to
Section 3.01 or 3.10), all obligations of the Company in respect of the payment of principal of the
Debt Securities of such series shall terminate.

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

     (1) the Company has paid or deposited with the Trustee a sum in the Currency in which
such Debt Securities are denominated (except as otherwise provided pursuant to Section 3.01
or 3.10) sufficient to pay

     (A) all overdue installments of interest on all Debt Securities or all overdue
payments with respect to any Coupons of such series,

     (B) the principal of (and premium, if any, on) any Debt Securities of such
series which have become due otherwise than by such declaration of acceleration and
interest thereon at the rate or rates prescribed therefor in such Debt Securities,

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     (C) to the extent that payment of such interest is lawful, interest upon
overdue installments of interest on each Debt Security of such series or upon
overdue payments on any Coupons of such series at the Overdue Rate, and

     (D) all sums paid or advanced by the Trustee hereunder and the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel; provided, however, that all sums payable under this clause (D) shall be
paid in Dollars; and

     (2) All Events of Default with respect to Debt Securities of such series, other than
the nonpayment of the principal of Debt Securities of such series which has become due
solely by such declaration of acceleration, have been cured or waived as provided in Section
5.13.

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

Section 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee. 

     The Company covenants that if

     (1) default is made in the payment of any installment of interest on any Debt Security
or any payment with respect to any Coupons when such interest or payment becomes due and
payable and such default continues for a period of 30 days,

     (2) default is made in the payment of principal of (or premium, if any, on) any Debt
Security at the Maturity thereof, or

     (3) 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 Debt Securities
of any series, the Company will, upon demand of the Trustee, pay to it, for the benefit of
the Holders of such Debt Securities or of such Coupons, (i) the amount then due and payable
on such Debt Securities or matured Coupons for the principal (and premium, if any) and
interest, if any, (ii) to the extent that payment of such interest shall be legally
enforceable, interest upon the overdue principal (and premium, if any) and upon overdue
installments of interest, at the Overdue Rate, and (iii) such further amount as shall be
sufficient to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

     If the Company fails to pay such amount 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 decree, and may
enforce the same against the Company or any other obligor upon such Debt Securities and Coupons,
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 Debt Securities and Coupons wherever
situated.

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     If an Event of Default with respect to Debt Securities of any series occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the
Holders of Debt Securities and Coupons of such series by such appropriate judicial proceedings as
the 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 5.04 Trustee May File Proofs of Claim. 

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceedings, or any
voluntary or involuntary case under the applicable Federal or State bankruptcy, insolvency or
similar law, as now or hereafter constituted, relative to the Company or any other obligor upon the
Debt Securities and Coupons, if any, of a particular series or the property of the Company or of
such other obligor or their creditors, the Trustee (irrespective of whether the principal of such
Debt Securities shall then be due and payable as therein expressed or by declaration of
acceleration 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,

     (i) to file and prove a claim for the whole amount of principal (or, if the Debt
Securities of such series are 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 5.02) (and premium, if any) and interest owing and unpaid in respect of the
Debt Securities and Coupons of such series and to file such other papers or documents and
take such other actions, including participating as a member, voting or otherwise, of any
committee of creditors appointed in the matter, 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 such Debt Securities and Coupons 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, custodian, liquidator, sequestrator (or other similar
official) in any such proceeding is hereby authorized by each such Holder to make such payments to
the Trustee, and in the event that the Trustee shall consent to the making of such payments
directly to such Holders, to pay to the Trustee any amount due 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 6.07.

     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 Debt Securities and any Coupons of such series or the

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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 5.05 Trustee May Enforce Claims Without Possession of Debt Securities. 

     All rights of action and claims under this Indenture or the Debt Securities and the Coupons,
if any, of any series may be prosecuted and enforced by the Trustee without the possession of any
of such Debt Securities or Coupons 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 Debt Securities or Coupons in respect of
which such judgment has been recovered.

Section 5.06 Application of Money Collected. 

     Any money 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 (and premium, if any) or interest, upon presentation of the Debt Securities or
Coupons of any series in respect of which money has been 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 6.07.

     SECOND: To the payment of the amounts then due and unpaid for principal of (and premium, if
any) and interest on the Debt Securities or Coupons of such series, 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 Debt Securities or Coupons for principal (and
premium, if any) and interest, respectively; and

     THIRD: The balance, if any, to the Person or Persons entitled thereto.

Section 5.07 Limitation on Suits.

     No Holder of any Debt Security or Coupon 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 for any other remedy hereunder, unless

     (1) such Holder has previously given written notice to the Trustee of a continuing
Event of Default with respect to such series;

     (2) the Holders of not less than 25% in principal amount of the Outstanding Debt
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;

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     (4) the Trustee for 60 days after its 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 Debt Securities of such series;

it being understood and intended that no one or more of such Holders 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 such Holders or of the Holders of Outstanding Debt Securities
or Coupons of any other series, or to obtain or to seek to obtain priority or preference over any
other of 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 of such Holders. For the protection and
enforcement of the provisions of this Section 5.07, each and every Holder of Debt Securities or
Coupons of any series and the Trustee for such series shall be entitled to such relief as can be
given at law or in equity.

Section 5.08 Unconditional Right of Holders to Receive Principal, Premium and Interest.

     Notwithstanding any other provision in this Indenture, the Holder of any Debt Security or of
any Coupon shall have the right, which is absolute and unconditional, to receive payment of the
principal of (and premium, if any) and (subject to Section 3.07) interest on such Debt Security or
Coupon on the respective Stated Maturity or Maturities expressed in such Debt Security or Coupon
(or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement
of any such payment and interest thereon, and such right shall not be impaired without the consent
of such Holder.

Section 5.09 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 the Holders 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 the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

Section 5.10 Rights and Remedies Cumulative. 

     Except as otherwise expressly provided elsewhere in this Indenture, no right or remedy herein
conferred upon or reserved to the Trustee or to the Holders 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.

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Section 5.11 Delay or Omission Not Waiver.

     No delay or omission of the Trustee or of any Holder 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 any acquiescence therein. Every right and remedy given by this Indenture or by
law to the Trustee or to the Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may be.

Section 5.12 Control by Holders. 

     The Holders of a majority in principal amount of the Outstanding Debt 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 with
respect to the Debt Securities of such series, provided, that

     (1) such direction shall not be in conflict with any rule of law or with this
Indenture;

     (2) subject to the provisions of Section 6.01, the Trustee shall have the right to
decline to follow any such direction if the Trustee in good faith shall, by a Responsible
Officer or Responsible Officers of the Trustee, determine that the proceeding so directed
would be unjustly prejudicial to the Holders of Debt Securities of such series not joining
in any such direction;

     (3) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction; and

     (4) this provision shall not affect the rights of the Trustee set forth in Section
6.01(c)(4).

Section 5.13 Waiver of Past Defaults. 

     The Holders of not less than a majority in principal amount of the Outstanding Debt Securities
of any series may on behalf of the Holders of all the Debt Securities of any such series waive, by
notice to the Trustee and the Company, any past default or Event of Default hereunder with respect
to such series and its consequences, except a default

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

     (2) in respect of a covenant or provision hereof which pursuant to Article Eleven
cannot be modified or amended without the consent of the Holder of each Outstanding Debt
Security of such series affected.

     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 the Debt Securities of such

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series under this Indenture, but no such waiver shall extend to any subsequent or other
default or Event of Default or impair any right consequent thereon.

Section 5.14 Undertaking for Costs.

     All parties to this Indenture agree, and each Holder of any Debt Security or any Coupon 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, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit other than the Trustee 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 shall not
apply to any suit instituted by the 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 Debt
Securities of any series, or to any suit instituted by any Holder of a Debt Security or Coupon for
the enforcement of the payment of the principal of (or premium, if any) or interest on such Debt
Security or the payment of any Coupon on or after the respective Stated Maturity or Maturities
expressed in such Debt Security or Coupon (or, in the case of redemption, on or after the
Redemption Date).

Section 5.15 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 VI

THE TRUSTEE

Section 6.01 Certain Duties and Responsibilities. 

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

     (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture, and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and

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

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

     (c) Subject to Section 6.04, 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

     (1) this subsection shall not be construed to limit the effect of subsection (a) of
this Section;

     (2) 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;

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

     (4) the Trustee shall not be required 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; and

     (5) the Trustee shall not be charged with knowledge of any default or Event of Default
or any other act or circumstance upon the occurrence of which the Trustee may be required to
take action unless a Responsible Officer of the Trustee obtains actual knowledge of such
default, Event of Default, act or circumstance or unless written notice referencing this
Indenture or the Debt Securities is received by the Trustee at the Corporate Trust Office.

     (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.

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Section 6.02 Notice of Defaults.

     Within 90 days after the occurrence of any default hereunder with respect to Debt Securities
or Coupons, if any, of any series, the Trustee shall give notice to all Holders of Debt Securities
and Coupons of such series of such default hereunder 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
payment of the principal of (or premium, if any) or interest on any Debt Security or Coupon of such
series or in the payment of any sinking fund installment with respect to Debt Securities of such
series, 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 the
Holders of Debt Securities and of Coupons of such series; and provided, further, that in the case
of any default of the character specified in Section 5.01(4) with respect to Debt Securities of
such series no such notice to Holders shall be given until at least 30 days after the occurrence
thereof. For the purpose of this Section, the term “default” means any event which is, or after
notice or lapse of time or both would become, an Event of Default with respect to Debt Securities
of such series.

     Notice given pursuant to this Section 6.02 with respect to Registered Securities shall be
transmitted by mail:

     (1) to all Registered Holders, as the names and addresses of the Registered Holders
appear in the Security Register;

     (2) to such Holders of Bearer Securities of any series as have within two years
preceding such transmission, filed their names and addresses with the Trustee for such
series for that purpose; and

     (3) to each Holder of a Debt Security of any series whose name and address appear in
the information preserved at the time by the Trustee in accordance with Section 7.02(a) of
this Indenture; and

     (4) to the Company.

     Notice given pursuant to this Section 6.02 with respect to Bearer Securities shall be
transmitted in the manner set forth in Section 1.05.

Section 6.03 Certain Rights of Trustee.

     Except as otherwise provided in Section 6.01:

     (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, note, other evidence of indebtedness or other paper or document
believed by it to be genuine and to have been signed or presented by the proper party or parties;

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     (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced
by a Company Request or Company Order and any resolution of the Board of Directors shall 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 Officers’ 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 and 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 or direction of any of the Holders of Debt Securities of any
series pursuant to this Indenture, unless such Holders shall have offered to the 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 be under no obligation to act as Authenticating Agent, Registrar, Paying
Agent, Transfer Agent or as any other agent with respect to Foreign Currency Debt Securities or
Bearer or Coupon Debt Securities;

     (g) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document,
but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, 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; and

     (h) 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 (including any agent
appointed pursuant to Section 3.10(j)) or attorney appointed with due care by it hereunder.

Section 6.04 Not Responsible for Recitals or Issuance of Debt Securities.

     The recitals contained herein and in the Debt Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as to the validity or
sufficiency of this Indenture or of the Debt Securities or Coupons, if any, of any series. The
Trustee shall not be accountable for the use or application by the Company of any Debt Securities
or the proceeds thereof. The Trustee assumes no responsibility for the accuracy of any statements
in any registration statement relating to the Debt Securities.

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Section 6.05 May Hold Debt Securities.

     The Trustee, any Paying Agent, the Security Registrar or any other agent of the Company, in
its individual or any other capacity, may become the owner or pledgee of Debt Securities or
Coupons, and, subject to Sections 6.08 and 6.13, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Paying Agent, Security Registrar or such other agent.

Section 6.06 Money Held in Trust. 

     Money in any Currency held by the Trustee or any Paying Agent in trust hereunder need not be
segregated from other funds except to the extent required by law. Neither the Trustee nor any
Paying Agent shall be under any liability for interest on any money received by it hereunder except
as otherwise agreed with the Company.

Section 6.07 Compensation and Reimbursement. 

     The Company agrees:

     (1) to pay in Dollars to the Trustee from time to time such compensation in Dollars as
the Company and the Trustee shall from time to time agree in writing 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);

     (2) except as otherwise expressly provided herein, to reimburse the Trustee in Dollars
upon its request for all reasonable expenses, disbursements and advances incurred or made by
the Trustee in connection with the administration of the trusts herein set forth (including
the reasonable compensation and the expenses and disbursements of its agents and counsel),
except any such expense, disbursement or advance as may be attributable to its negligence or
bad faith; and

     (3) to indemnify in Dollars the Trustee for, and to hold it harmless against, any loss,
liability, damage, claims, actions, suits, costs or expense, including taxes (other than
taxes based upon, measured by or determined by income of the Trustee), of any kind and
nature whatsoever incurred without negligence or bad faith on its part, arising out of or in
connection with the acceptance or administration of this trust or performance of its duties
hereunder, including the costs and expenses of defending itself against any claim or
liability in connection with the exercise or performance of any of its powers or duties
hereunder.

     As security for the performance of the obligations of the Company under this Section and in
addition to its rights under Section 5.06, the Trustee shall have a claim prior to the Debt
Securities and Coupons, if any, upon all property and funds held or collected by the Trustee as
such, except funds held in trust pursuant to Section 15.03 hereof or for the payment of amounts due
on particular Debt Securities and Coupons. The fees and expenses incurred by the Trustee in
connection with any bankruptcy of the Company shall constitute fees and expenses of

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administration; provided, however, that this shall not affect the Trustee’s rights as set
forth in the preceding sentence or Section 5.06.

Section 6.08 Disqualification; Conflicting Interests. 

     (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section
with respect to the Debt Securities of any series, then, within 90 days after ascertaining that it
has such conflicting interest, and if the default (as hereinafter defined) to which such
conflicting interest relates has not been cured or duly waived or otherwise eliminated before the
end of such 90- day period, the Trustee shall either eliminate such conflicting interest or, except
as otherwise provided below, resign with respect to the Debt Securities of such series, and the
Company shall take prompt steps to have a successor appointed, in the manner and with the effect
hereinafter specified in this Article.

     (b) In the event that the Trustee shall fail to comply with the provisions of subsection (a)
of this Section with respect to the Debt Securities of any series, the Trustee shall, within 10
days after the expiration of such 90-day period, transmit to all Holders of Debt Securities of such
series notice of such failure.

     Notice given pursuant to this Section 6.08(b) with respect to Registered Securities shall be
transmitted by mail:

     (1) to all Registered Holders, as the names and addresses of the Registered Holders
appear in the Security Register;

     (2) to such Holders of Bearer Securities of any series as have, within two years
preceding such transmission, filed their names and addresses with the Trustee for such
series for that purpose;

     (3) to each Holder of a Debt Security of any series whose name and address appear in
the information preserved at the time by the Trustee in accordance with Section 7.02(a) of
this Indenture; and

     (4) to the Company.

     Notice given pursuant to this Section 6.08(b) with respect to Bearer Securities shall be
transmitted in the manner set forth in Section 1.05.

     (c) For the purposes of this Section, the Trustee shall be deemed to have a conflicting
interest with respect to the Debt Securities of any series, if there shall exist an Event of
Default (as such term is defined herein, but exclusive of any period of grace or requirement of
notice) with respect to such Debt Securities and

     (1) the Trustee is trustee under this Indenture with respect to the Outstanding Debt
Securities of any series other than that series or is trustee under another indenture under
which any other securities, or certificates of interest or participation in any other
securities, of the Company are outstanding, unless such other indenture is a collateral

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trust indenture under which the only collateral consists of Debt Securities issued
under this Indenture, provided that there shall be excluded from the operation of this
paragraph this Indenture with respect to the Debt Securities of any series other than that
series and any other indenture or indentures under which other securities, or certificates
of interest or participation in other securities, of the Company are outstanding, if

     (i) this Indenture and such other indenture or indentures (and all series of
securities issuable thereunder) are wholly unsecured and rank equally and such other
indenture or indentures are hereafter qualified under the Trust Indenture Act,
unless the Commission shall have found and declared by order pursuant to Section
305(b) or Section 307(c) of the Trust Indenture Act that differences exist between
the provisions of this Indenture with respect to the Debt Securities of such series
and one or more other series or the provisions of such other indenture or indentures
which are so likely to involve a material conflict of interest as to make it
necessary, in the public interest or for the protection of investors to disqualify
the Trustee from acting as such under this Indenture with respect to the Debt
Securities of such series and such other series or under such other indenture or
indentures, or

     (ii) the Company shall have sustained the burden of proving, on application to
the Commission and after opportunity for hearing thereon, that trusteeship under
this Indenture with respect to the Debt Securities of such series and such other
series or such other indenture or indentures is not so likely to involve a material
conflict of interest as to make it necessary in the public interest or for the
protection of investors to disqualify the Trustee from acting as such under this
Indenture with respect to the Debt Securities of such series and such other series
or under such other indenture or indentures;

     (2) the Trustee or any of its directors or executive officers is an underwriter for the
Company;

     (3) the Trustee directly or indirectly controls or is directly or indirectly controlled
by or is under direct or indirect common control with an underwriter for the Company;

     (4) the Trustee or any of its directors or executive officers is a director, officer,
partner, employee, appointee or representative of the Company, or of an underwriter (other
than the Trustee itself) for the Company who is currently engaged in the business of
underwriting, except that (i) one individual may be a director or an executive officer, or
both, of the Trustee and a director or an executive officer, or both, of the Company but may
not be at the same time an executive officer of both the Trustee and the Company; (ii) if
and so long as the number of directors of the Trustee in office is more than nine, one
additional individual may be a director or an executive officer, or both, of the Trustee and
a director of the Company; and (iii) the Trustee may be designated by the Company or by any
underwriter for the Company to act in the capacity of transfer agent, registrar, custodian,
paying agent, fiscal agent, escrow agent, or

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depositary or in any other similar capacity, or, subject to the provisions of paragraph
(1) of this subsection, to act as trustee, whether under an indenture or otherwise;

     (5) 10% or more of the voting securities of the Trustee is beneficially owned either by
the Company or by any director, partner or executive officer thereof, or 20% or more of such
voting securities is beneficially owned, collectively, by any two or more of such persons;
or 10% or more of the voting securities of the Trustee is beneficially owned either by an
underwriter for the Company or by any director, partner or executive officer thereof or is
beneficially owned, collectively, by any two or more such persons;

     (6) the Trustee is the beneficial owner of, or holds as collateral security for an
obligation which is in default (as hereinafter in this subsection defined), (i) 5% or more
of the voting securities, or 10% or more of any other class of security, of the Company not
including the Debt Securities issued under this Indenture and securities issued under any
other indenture under which the Trustee is also trustee, or (ii) 10% or more of any class of
security of an underwriter for the Company;

     (7) the Trustee is the beneficial owner of or holds as collateral security for an
obligation which is in default, 5% or more of the voting securities of any person who, to
the knowledge of the Trustee, owns 10% or more of the voting securities of, or controls
directly or indirectly or is under direct or indirect common control with, the Company;

     (8) the Trustee is the beneficial owner of or holds as collateral security for an
obligation which is in default, 10% or more of any class of security of any person who, to
the knowledge of the Trustee, owns 50% or more of the voting securities of the Company;

     (9) the Trustee owns, on the date of such Event of Default or any anniversary of such
Event of Default while such Event of Default remains outstanding, in the capacity of
executor, administrator, testamentary or inter vivos trustee, guardian, committee or
conservator, or in any other similar capacity, an aggregate of 25% or more of the voting
securities, or of any class of security, of any person, the beneficial ownership of a
specified percentage of which would have constituted a conflicting interest under paragraph
(6), (7) or (8) of this subsection. As to any such securities of which the Trustee acquired
ownership through becoming executor, administrator or testamentary trustee of an estate
which included them, the provisions of the preceding sentence shall not apply, for a period
of not more than two years from the date of such acquisition, to the extent that such
securities included in such estate do not exceed 25% of such voting securities or 25% of any
such class of security. Promptly after the dates of any such Event of Default and annually
in each succeeding year that such Event of Default continues, the Trustee shall make a check
of its holdings of such securities in any of the above-mentioned capacities as of such
dates. If the Company fails to make payment in full of the principal of (or premium, if any)
or interest on any of the Debt Securities when and as the same becomes due and payable, and
such failure continues for 30 days thereafter, the Trustee shall make a prompt check of its
holdings of such securities in any of the above-mentioned capacities as of the date of the
expiration of such 30-day period, and after such

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date, notwithstanding the foregoing provisions of this paragraph, all such securities
so held by the Trustee, with sole or joint control over such securities vested in it, shall
be considered as though beneficially owned by the Trustee for the purposes of paragraphs
(6), (7) and (8) of this subsection; or

     (10) except under the circumstances described in paragraph (1), (3), (4), (5) or (6) of
Section 6.13(b) of this Indenture, the Trustee shall be or shall become a creditor of the
Company.

     For the purposes of paragraph (1) of this subsection, the term “series of securities” or
“series” means a series, class or group of securities issuable under an indenture pursuant to whose
terms holders of one such series may vote to direct the Trustee, or otherwise take action pursuant
to a vote of such holders, separately from holders of another series; provided, that “series of
securities” or “series” shall not include any series of securities issuable under an indenture if
all such series rank equally and are wholly unsecured.

     The specification of percentages in paragraphs (5) to (9), inclusive, of this subsection shall
not be construed as indicating that the ownership of such percentages of the securities of a person
is or is not necessary or sufficient to constitute direct or indirect control for the purposes of
paragraph (3) or (7) of this subsection.

     For the purposes of paragraphs (6), (7), (8) and (9) of this subsection only, (i) the terms
“security” and “securities” shall include only such securities as are generally known as corporate
securities, but shall not include any note or other evidence of indebtedness issued to evidence an
obligation to repay moneys lent to a person by one or more banks, trust companies or banking firms,
or any certificate of interest or participation in any such note or evidence of indebtedness; (ii)
an obligation shall be deemed to be “in default” when a default in payment of principal shall have
continued for 30 days or more and shall not have been cured; and (iii) the Trustee shall not be
deemed to be the owner or holder of (A) any security which it holds as collateral security, as
trustee or otherwise, for an obligation which is not in default as defined in clause (ii) above, or
(B) any security which it holds as collateral security under this Indenture, irrespective of any
default hereunder, or (C) any security which it holds as agent for collection, or as custodian,
escrow agent or depositary, or in any similar representative capacity.

     (d) For the purposes of this Section:

     (1) The term “underwriter” when used with reference to the Company means every person
who, within one year prior to the time as of which the determination is made, has purchased
from the Company with a view to, or has offered or sold for the Company in connection with,
the distribution of any security of the Company outstanding at such time, or has
participated or has had a direct or indirect participation in any such undertaking, or has
participated or has had a participation in the direct or indirect underwriting of any such
undertaking, but such term shall not include a person whose interest was limited to a
commission from an underwriter or dealer not in excess of the usual and customary
distributors’ or sellers’ commission.

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     (2) The term “director” means any director of a corporation, or any individual
performing similar functions with respect to any organization whether incorporated or
unincorporated.

     (3) The term “person” means an individual, a corporation, a partnership, an
association, a joint stock company, a trust, an estate, an unincorporated organization, or a
government or political subdivision thereof. As used in this paragraph, the term “trust”
shall include only a trust where the interest or interests of the beneficiary or
beneficiaries are evidenced by a security.

     (4) The term “voting security” means any security presently entitling the owner or
holder thereof to vote in the direction or management of the affairs of a person, or any
security issued under or pursuant to any trust, agreement or arrangements whereby a trustee
or trustees or agent or agents for the owner or holder of such security are presently
entitled to vote in the direction or management of the affairs of a person.

     (5) The term “Company” means any obligor upon the Debt Securities of any series.

     (6) The term “executive officer” means the president, every vice president, every trust
officer, the cashier, the secretary, and the treasurer of a corporation, and any individual
customarily performing similar functions with respect to any organization, whether
incorporated or unincorporated, but shall not include the chairman of the board of
directors.

     (e) The percentages of voting securities and other securities specified in this Section shall
be calculated in accordance with the following provisions:

     (1) A specified percentage of the voting securities of the Trustee, the Company or any
other person referred to in this Section (each of whom is referred to as a “person” in this
paragraph) means such amount of the outstanding voting securities of such person as entitles
the holder or holders thereof to cast such specified percentage of the aggregate votes which
the holders of all the outstanding voting securities of such person are entitled to cast in
the direction or management of the affairs of such person.

     (2) A specified percentage of a class of securities of a person means such percentage
of the aggregate amount of securities of the class outstanding.

     (3) The term “amount”, when used with regard to securities means the principal amount
if relating to evidences of indebtedness, the number of shares if relating to capital
shares, and the number of units if relating to any other kind of security.

     (4) The term “outstanding” means issued and not held by or for the account of the
issuer. The following securities shall not be deemed outstanding within the meaning of this
definition:

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     (i) securities of an issuer held in a sinking fund relating to securities of
the issuer of the same class;

     (ii) securities of an issuer held in a sinking fund relating to another class
of securities of the issuer, if the obligation evidenced by such other class of
securities is not in default as to principal or interest or otherwise;

     (iii) securities pledged by the issuer thereof as security for an obligation of
the issuer not in default as to principal or interest or otherwise; and

     (iv) securities held in escrow if placed in escrow by the issuer thereof;

provided, however, that any voting securities of an issuer shall be deemed outstanding if
any person other than the issuer is entitled to exercise the voting rights thereof.

     (5) A security shall be deemed to be of the same class as another security if both
securities confer upon the holder or holders thereof substantially the same rights and
privileges; provided, however, that, in the case of secured evidences of indebtedness, all
of which are issued under a single indenture, differences in the interest rates or maturity
dates of various series thereof shall not be deemed sufficient to constitute such series
different classes; and provided, further, that, in the case of unsecured evidences of
indebtedness, differences in the interest rates or maturity dates thereof shall not be
deemed sufficient to constitute them securities of different classes, whether or not they
are issued under a single indenture.

     (f) Except in the case of a default in the payment of the principal of or interest on any Debt
Security of any series, or in the payment of any sinking or purchase fund installment, the Trustee
shall not be required to resign as provided by this Section if the Trustee shall have sustained the
burden of proving, on application to the Commission and after opportunity for hearing thereon,
that:

     (1) the Event of Default may be cured or waived during a reasonable period and under
the procedures described in such application; and

     (2) a stay of the Trustee’s duty to resign will not be inconsistent with the interests
of Holders of the Debt Securities.

     The filing of such an application shall automatically stay the performance of the duty to
resign until the Commission orders otherwise.

Section 6.09 Corporate Trustee Required; Eligibility.

     There shall at all times be a Trustee hereunder which shall be a corporation organized and
doing business under the laws of the United States of America, any State thereof, 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, State or
District of Columbia authority and eligible to act as Trustee hereunder in compliance

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with Section 310(a)(1) of the Trust Indenture Act. 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, 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. Neither the Company nor any person directly or indirectly
controlling, controlled by, or under common control with the Company shall serve as Trustee upon
any Debt Securities.

Section 6.10 Resignation and Removal; Appointment of Successor. 

     (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee under Section 6.11.

     (b) The Trustee may resign at any time with respect to the Debt Securities of one or more
series by giving written notice thereof to the Company. If an instrument of acceptance by a
successor Trustee shall not have been delivered to the Trustee within 30 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 with respect to the Debt Securities of such series.

     (c) The Trustee may be removed at any time with respect to the Debt Securities of any series,
and a successor Trustee appointed, by Act of the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series, delivered to the Trustee and to the Company.

     (d) If at any time:

     (1) the Trustee shall fail to comply with Section 6.08(a) with respect to the Debt
Securities of any series after written request therefor by the Company or by any Holder who
has been a bona fide Holder of a Debt Security of such series for at least six months, or

     (2) the Trustee shall cease to be eligible under Section 6.09 with respect to the Debt
Securities of any series and shall fail to resign after written request therefor by the
Company or by any such Holder, or

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

then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect
to all Debt Securities, or (ii) subject to Section 5.14, any Holder who has been a bona fide Holder
of a Debt Security of any series 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 the Trustee and
the appointment of a successor Trustee for the Debt Securities of such series.

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     (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Debt Securities of one or
more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or
Trustees with respect to the Debt Securities of that or those series (it being understood that any
such successor Trustee may be appointed with respect to the Debt Securities of one or more or all
of such series and that at any time there shall be only one Trustee with respect to the Debt
Securities of any particular series) and shall comply with the applicable requirements of Section
6.11. If, within one year after such resignation, removal or incapability, or the occurrence of
such vacancy, a successor Trustee with respect to the Debt Securities of any series shall be
appointed by Act of the Holders of a majority in principal amount of the Outstanding Debt
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
with respect to the Debt Securities of such series and to that extent supersede the successor
Trustee appointed by the Company. If no successor Trustee with respect to the Debt Securities of
any series shall have been so appointed by the Company or the Holders of such series and accepted
appointment in the manner hereinafter provided, the Resigning Trustee or any Holder who has been a
bona fide Holder of a Debt Security of such series for at least six months may, subject to Section
5.14, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such
series.

     (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Debt Securities of any series and each appointment of a successor Trustee with
respect to the Debt Securities of any series in the manner and to the extent provided in Section
1.05 to the Holders of Debt Securities of such series. Each notice shall include the name of the
successor Trustee with respect to the Debt Securities of such series and the address of its
corporate trust office.

Section 6.11 Acceptance of Appointment by Successor. 

     (a) In the case of an appointment hereunder of a successor Trustee with respect to all Debt
Securities, each such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee, but, on 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 claim, if any, provided for in
Section 6.07.

     (b) In case of the appointment hereunder of a successor Trustee with respect to the Debt
Securities of one or more (but not all) series, the Company, the retiring Trustee and each
successor Trustee with respect to the Debt Securities of one or more series shall execute and
deliver an indenture supplemental hereto wherein each successor Trustee shall accept such

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appointment and which (1) shall contain such provisions as shall be necessary or desirable to
transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and
duties of the retiring Trustee with respect to the Debt Securities of that or those series to which
the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with
respect to all Debt Securities, shall contain such provisions as shall be deemed necessary or
desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Debt Securities of that or those series as to which the retiring Trustee is not
retiring shall continue to be vested in the retiring Trustee, and (3) 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 any 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 other trust or trusts hereunder administered by any other such Trustee; and upon the
execution and delivery of any such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein and each such successor
Trustee, without any further act, deed or conveyance, shall become vested with all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or
those series to which the appointment of such successor Trustee relates, but, on request of the
Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Debt Securities of that or those series to which the appointment of such successor Trustee
relates.

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

     (d) No successor Trustee shall accept its appointment unless at the time of such acceptance
such successor Trustee shall be qualified and eligible under this Article.

Section 6.12 Merger, Conversion, Consolidation or Succession to Business. 

     Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
that such corporation shall be 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 Debt Securities shall have been authenticated, but not delivered, by the Trustee then in
office, any successor by merger, conversion or consolidation to such authenticating Trustee may
adopt such authentication and deliver the Debt Securities so authenticated with the same effect as
if such successor Trustee had itself authenticated such Debt Securities. In case any Debt
Securities shall not have been authenticated by such predecessor Trustee, any such successor
Trustee may authenticate and deliver such Debt Securities, in either its own name or that of its
predecessor Trustee, with the full force and effect which this Indenture provides for the
certificate of authentication of the Trustee.

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Section 6.13 Preferential Collection of Claims Against Company. 

     (a) Subject to subsection (b) of this Section, if the Trustee shall be or shall become a
creditor, directly or indirectly, secured or unsecured, of the Company within three months prior to
a default, as defined in subsection (c) of this Section, or subsequent to such default, then,
unless and until such default shall be cured, the Trustee shall set apart and hold in a special
account for the benefit of the Trustee individually, the Holders of the Debt Securities and of the
Coupons, if any, and the holders of other indenture securities (as defined in subsection (c) of
this Section):

     (1) an amount equal to any and all reductions in the amount due and owing upon any
claim as such creditor in respect of principal or interest, effected after the beginning of
such three-month period and valid as against the Company and its other creditors, except any
such reduction resulting from the receipt or disposition of any property described in
paragraph (2) of this subsection, or from the exercise of any right of set-off which the
Trustee could have exercised if a voluntary or involuntary case had been commenced in
respect of the Company under the Federal bankruptcy laws, as now or hereafter constituted,
or any other applicable Federal or State bankruptcy, insolvency or other similar law upon
the date of such default; and

     (2) all property received by the Trustee in respect of any claim as such creditor,
either as security therefor, or in satisfaction or composition thereof, or otherwise, after
the beginning of such three-month period, or an amount equal to the proceeds of any such
property, if disposed of, subject, however, to the rights, if any, of the Company and its
other creditors in such property or such proceeds.

Nothing herein contained, however, shall affect the right of the Trustee:

     (A) to retain for its own account (i) payments made on account of any such claim by any
Person (other than the Company) who is liable thereon, and (ii) the proceeds of the bona
fide sale of any such claim by the Trustee to a third Person, and (iii) distributions made
in cash, securities or other property in respect of claims filed against the Company in
bankruptcy or receivership or in proceedings or reorganization pursuant to the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or other similar law;

     (B) to realize, for its own account, upon any property held by it as security for any
such claim, if such property was so held prior to the beginning of such three-month period;

     (C) to realize, for its own account, but only to the extent of the claim hereinafter
mentioned, upon any property held by it as security for any such claim, if such claim was
created after the beginning of such three-month period and such property was received as
security therefor simultaneously with the creation thereof, and if the Trustee shall sustain
the burden of proving that at the time such property was so received

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the Trustee had no reasonable cause to believe that a default, as defined in subsection
(c) of this Section, would occur within three months, or

     (D) to receive payment on any claim referred to in paragraph (B) or (C) against the
release of any property held as security for such claim as provided in paragraph (B) or (C),
as the case may be, to the extent of the fair value of such property.

     For the purposes of paragraphs (B), (C) and (D), property substituted after the beginning of
such three-month period for property held as security at the time of such substitution shall, to
the extent of the fair value of the property released, have the same status as the property
released, and, to the extent that any claim referred to in any of such paragraphs is created in
renewal of or in substitution for or for the purpose of repaying or refunding any pre-existing
claim of the Trustee as such creditor, such claim shall have the same status as such pre-existing
claim.

     If the Trustee shall be required to account, the funds and property held in such special
account and the proceeds thereof shall be apportioned among the Trustee, the Holders and the
holders of other indenture securities in such manner that the Trustee, the Holders and the holders
of other indenture securities realize, as a result of payments from such special account and
payments of dividends on claims filed against the Company in bankruptcy or receivership or in
proceedings for reorganization pursuant to the Federal bankruptcy laws, as now or hereafter
constituted or any other applicable Federal or State bankruptcy, insolvency or other similar law,
the same percentage of their respective claims, figured before crediting to the claim of the
Trustee anything on account of the receipt by it from the Company of the funds and property in such
special account and before crediting to the respective claims of the Trustee and the Holders and
the holders of other indenture securities dividends on claims filed against the Company in
bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal bankruptcy
laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or other similar law, but after crediting thereon receipts on account of the
indebtedness represented by their respective claims from all sources other than from such dividends
and from the funds and property so held in such special account. As used in this paragraph, with
respect to any claim, the term “dividends” shall include any distribution with respect to such
claim, in bankruptcy or receivership or proceedings for reorganization pursuant to the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or other similar law, whether such distribution is made in cash, securities,
or other property, but shall not include any such distribution with respect to the secured portion,
if any, of such claim. The court in which such bankruptcy, receivership or proceedings for
reorganization is pending shall have jurisdiction (i) to apportion among the Trustee and the
Holders and the holders of other indenture securities, in accordance with the provisions of this
paragraph, the funds and property held in such special account and proceeds thereof, or (ii) in
lieu of such apportionment, in whole or in part, to give to the provisions of this paragraph due
consideration in determining the fairness of the distributions to be made to the Trustee and the
Holders and the holders of other indenture securities with respect to their respective claims, in
which event it shall not be necessary to liquidate or to appraise the value of any securities or
other property held in such special account or as security for any such claim, or to make a
specific allocation of such distributions as between the secured and unsecured portions of such
claim, or otherwise to apply the provisions of this paragraph as a mathematical formula.

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     Any Trustee which has resigned or been removed after the beginning of such three-month period
shall be subject to the provisions of this subsection as though such resignation or removal had not
occurred. If any Trustee has resigned or been removed prior to the beginning of such three-month
period, it shall be subject to the provisions of this subsection if and only if the following
conditions exist:

     (i) the receipt of property or reduction of claim, which would have given rise to the
obligation to account, if such Trustee had continued as Trustee, occurred after the
beginning of such three-month period; and

     (ii) such receipt of property or reduction of claim occurred within three months after
such resignation or removal.

     (b) There shall be excluded from the operation of subsection (a) of this Section a creditor
relationship arising from:

     (1) the ownership or acquisition of securities issued under any indenture, or any
security or securities having a maturity of one year or more at the time of acquisition by
the Trustee;

     (2) advances authorized by a receivership or bankruptcy court of competent jurisdiction
or by this Indenture, for the purpose of preserving any property which shall at any time be
subject to the Lien of this Indenture or of discharging tax liens or other prior liens or
encumbrances thereon, if notice of such advances and of the circumstances surrounding the
making thereof is given to the Holders at the time and in the manner provided in this
Indenture;

     (3) disbursements made in the ordinary course of business in the capacity of trustee
under an indenture, transfer agent, registrar, custodian, paying agent, fiscal agent or
depositary, or other similar capacity;

     (4) an indebtedness created as a result of services rendered or premises rented, or an
indebtedness created as a result of goods or securities sold in a cash transaction as
defined in subsection (c) of this Section;

     (5) the ownership of stock or of other securities of a corporation organized under the
provisions of Section 25(a) of the Federal Reserve Act, as amended, which is directly or
indirectly a creditor of the Company; and

     (6) The acquisition, ownership, acceptance or negotiation of any drafts, bills of
exchange, acceptances or obligations which fall within the classification of
self-liquidating paper as defined in subsection (c) of this Section.

     (c) For the purposes of this Section only:

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     (1) the term “default” means any failure to make payment in full of the principal of or
interest on any of the Debt Securities or upon the other indenture securities when and as
such principal or interest becomes due and payable;

     (2) the term “other indenture securities” means securities upon which the Company is an
obligor outstanding under any other indenture (i) under which the Trustee is also trustee,
(ii) which contains provisions substantially similar to the provisions of this Section, and
(iii) under which a default exists at the time of the apportionment of the funds and
property held in such special account;

     (3) 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 and payable upon demand;

     (4) 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; and

     (5) the term “Company” means any obligor upon the Debt Securities.

Section 6.14 Appointment of Authenticating Agent. 

     As long as any Debt Securities of a series remain Outstanding, upon a Company Request, there
shall be an authenticating agent (the “Authenticating Agent”) appointed, for such period as the
Company shall elect, by the Trustee for such series of Debt Securities to act as its agent on its
behalf and subject to its direction in connection with the authentication and delivery of each
series of Debt Securities for which it is serving as Trustee. Debt Securities of each such series
authenticated by such Authenticating Agent shall be entitled to the benefits of this Indenture and
shall be valid and obligatory for all purposes as if authenticated by such Trustee. Wherever
reference is made in this Indenture to the authentication and delivery of Debt Securities of any
series by the Trustee for such series or to the Trustee’s Certificate of Authentication, such
reference shall be deemed to include authentication and delivery on behalf of the Trustee for such
series by an Authenticating Agent for such series and a Certificate of Authentication executed on
behalf of such Trustee by such Authenticating Agent. Such 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 thereof, authorized under such laws to exercise corporate trust powers, having a combined
capital and surplus of at least $5,000,000 and subject to supervision or examination by Federal or
State authority. If such Authenticating Agent publishes reports of

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condition at least annually, pursuant to law or to the requirements of said supervising or
examining authority, then for purposes of this Section, the combined capital and surplus of such
Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. If at any time an Authenticating Agent shall cease to
be eligible in accordance with the provisions of this Section, such Authenticating Agent shall
resign immediately in the manner and with the effect specified in this Section.

     Any corporation into which any Authenticating Agent may be merged or converted, or with which
it may be consolidated, or any corporation resulting from any merger, conversion or consolidation
to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency business of any Authenticating Agent, shall continue to be the Authenticating Agent with
respect to all series of Debt Securities 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 for such series or
such Authenticating Agent. Any Authenticating Agent may at any time, and if it shall cease to be
eligible shall, resign by giving written notice of resignation to the applicable Trustee 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 6.14 with respect to one or more or all series of Debt Securities, the Trustee for such
series shall upon Company Request appoint a successor Authenticating Agent, and the Company shall
provide notice of such appointment to all Holders of Debt Securities of such series in the manner
and to the extent provided in Section 1.05. Any successor Authenticating Agent upon acceptance of
its appointment hereunder shall become vested with all rights, powers, duties and responsibilities
of its predecessor hereunder, with like effect as if originally named as Authenticating Agent
herein. The Trustee for the Debt Securities of such series agrees to pay to the Authenticating
Agent for such series from time to time reasonable compensation for its services, and the Trustee
shall be entitled to be reimbursed for such payment, subject to the provisions of Section 6.07. The
Authenticating Agent for the Debt Securities of any series shall have no responsibility or
liability for any action taken by it as such in good faith and without negligence at the direction
of the Trustee for such series.

     If an appointment with respect to one or more series is made pursuant to this Section, the
Debt Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate
of authentication, an alternative certificate of authentication in the following form:

     This is one of the Debt Securities of the series designated therein referred to in the within
mentioned Indenture.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	As Trustee
	 
	 	 	 	 
	Dated

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	As Authenticating Agent

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	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

ARTICLE VII

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

Section 7.01 Company to Furnish Trustee Names and Addresses of Holders. 

     The Company will furnish or cause to be furnished to the Trustee with respect to Registered
Securities of each series for which it acts as 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 Registered Securities of such series
(or on semi-annual dates in each year to be determined pursuant to Section 3.01 if the
Registered Securities of such series do not bear interest), a list, in such form as the
Trustee may reasonably require, of the names and addresses of the Registered Holders as of
the date 15 days next preceding each such Regular Record Date (or such semi-annual dates, as
the case may be); and

     (b) at such other times as the Trustee may request in writing, within 15 days after the
receipt by the Company of any such request, a list of similar form and content as of a date
not more than 15 days prior to the time such list is furnished;

provided, however, that if and so long as the Trustee shall be the Security Registrar for such
series, no such list need be furnished.

     The Company shall also be required to furnish to the Trustee at all such times set forth above
all 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 Bearer Securities of all series;
provided, however, that the Company shall have no obligation to investigate any matter relating to
any Holders of Bearer Securities of any series.

Section 7.02 Preservation of Information; Communication to Holders. 

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of Holders contained in the most recent list furnished to
the Trustee as provided in Section 7.01 received by it in the capacity of Paying Agent (if so
acting) hereunder, and filed with it within the two preceding years pursuant to Section
7.03(c)(2).

     The Trustee may destroy any list furnished to it as provided in Section 7.01 upon receipt of a
new list so furnished, destroy any information received by it as Paying Agent (if so acting)

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hereunder upon delivering to itself as Trustee, not earlier than 45 days after an Interest
Payment Date, a list containing the names and addresses of the Holders obtained from such
information since the delivery of the next previous list, if any, destroy any list delivered to
itself as Trustee which was compiled from information received by it as Paying Agent (if so acting)
hereunder upon the receipt of a new list so delivered, and destroy not earlier than two years after
filing, any information filed with it pursuant to Section 7.03(c)(2).

     (b) If three or more Holders (hereinafter referred to as “applicants”) apply in writing to the
Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Debt
Security 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 Debt Securities
of a particular series (in which case the applicants must hold Debt Securities of such series) or
with all Holders of Debt Securities with respect to their rights under this Indenture or under the
Debt Securities 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 Section 7.02(a), or

     (ii) inform such applicants as to the approximate number of Holders of Debt Securities
of such series or of all Debt Securities, as the case may be, whose names and addresses
appear in the information preserved at the time by the Trustee in accordance with Section
7.02(a), and as to the approximate cost of mailing to such Holders the form of proxy or
other communication, specified in such application.

     If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon written request of such applicants, mail to the Holders of Debt Securities of
such series or all Holders, as the case may be, whose names and addresses appear in the information
preserved at the time by the Trustee in accordance with Section 7.02(a), a copy of the form of
proxy or other communication which is specified in such request, with reasonable promptness after a
tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of
the reasonable expenses of mailing, unless within five days after such tender, the Trustee shall
mail to such applicants and file with the Commission, together with a copy of the material to be
mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would
be contrary to the best interests of the Holders of Debt Securities of such series or all Holders,
as the case may be, or would be in violation of applicable law. Such written statement shall
specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the
objections specified in the written statement so filed, shall enter an order refusing to sustain
any of such objections or if after the entry of an order sustaining one or more of such objections,
the Commission shall find, after notice and opportunity for hearing, that all the objections so
sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of
such material to all such Holders with reasonable promptness after the entry of such order and the
renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty to such
applicants respecting their application.

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     (c) Every Holder of Debt Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor 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 Section 7.02(b), regardless of the source from which such information was derived,
and that the Trustee shall not be held accountable by reason of mailing of any material pursuant to
a request made under Section 7.02(b).

Section 7.03 Reports by Trustee.

     (a) Within
60 days after __ ____of each year, commencing __ ____, 200___, the Trustee
shall, to the extent required by the Trust Indenture Act, transmit to all Holders of Debt
Securities of any series with respect to which it acts as Trustee, in the manner hereinafter
provided in this Section 7.03, a brief report dated as of such date with respect to any of the
following events which may have occurred within the previous 12 months (but if no such event has
occurred within such period no report need be transmitted):

     (1) any change to its eligibility under Section 6.09 and its qualifications under
Section 6.08;

     (2) the creation of or any material change to a relationship specified in paragraph (1)
through (10) of Section 6.08(c) of this Indenture;

     (3) the character and amount of any advances (and if the Trustee elects so to state,
the circumstances surrounding the making thereof) made by the Trustee (as such) which remain
unpaid on the date of such report, and for the reimbursement of which it claims or may claim
a lien or charge, prior to that of the Debt Securities of such series, on any property or
funds held or collected by it as Trustee, except that the Trustee shall not be required (but
may elect) to report such advances if such advances so remaining unpaid aggregate not more
than 1/2 of 1% of the principal amount of the Outstanding Debt Securities of such series on
the date of such report;

     (4) any change to the amount, interest rate and maturity date of all other indebtedness
owing by the Company (or any other obligor on the Debt Securities of such series) to the
Trustee in its individual capacity, on the date of such report, with a brief description of
any property held as collateral security therefor, except an indebtedness based upon a
creditor relationship arising in any manner described in Section 6.13(b)(2), (3), (4) or
(6);

     (5) any change to the property and funds, if any, physically in the possession of the
Trustee as such on the date of such report;

     (6) any additional issue of Debt Securities which the Trustee has not previously
reported; and

     (7) any action taken by the Trustee in the performance of its duties hereunder which it
has not previously reported and which in its opinion materially affects the Debt

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Securities of such series, except action in respect of a default, notice of which has
been or is to be withheld by the Trustee in accordance with Section 6.02.

     (b) The Trustee shall transmit by mail to all Holders of Debt Securities of any series (whose
names and addresses appear in the information preserved at the time by the Trustee in accordance
with Section 7.02 (a)) for which it acts as the Trustee, as hereinafter provided, a brief report
with respect to the character and amount of any advances (and if the Trustee elects so to state,
the circumstances surrounding the making thereof) made by the Trustee (as such) since the date of
the last report transmitted pursuant to subsection (a) of this Section (or if no such report has
yet been so transmitted, since the date of execution of this Indenture) for the reimbursement of
which it claims or may claim a lien or charge, prior to that of the Debt Securities of such series,
on property or funds held or collected by it as Trustee, and which it has not previously reported
pursuant to this subsection, except that the Trustee for each series shall not be required (but may
elect) to report such advances if such advances remaining unpaid at any time aggregate 10% or less
of the principal amount of the Debt Securities of such series Outstanding at such time, such report
to be transmitted within 90 days after such time.

     (c) Reports pursuant to this Section 7.03 with respect to Registered Securities shall be
transmitted by mail:

     (1) to all Holders of Registered Securities, as the names and addresses of such Holders
of Registered Securities appear in the Security Register;

     (2) to such Holders of Bearer Securities of any series as have, within two years
preceding such transmission, filed their names and addresses with the Trustee for such
series for that purpose; and

     (3) except in the cases of reports pursuant to subsection (b) of this Section 7.03, to
each Holder of a Debt Security of any series whose name and address appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a).

     Reports pursuant to this Section 7.03 with respect to Bearer Securities shall be published in
accordance with Section 1.05.

     (d) A copy of each such report shall, at the time of such transmission to Holders, be filed by
the Trustee with each stock exchange upon which any Debt Securities of such series are listed, with
the Commission and also with the Company. The Company will notify the Trustee when any series of
Debt Securities are listed on any stock exchange.

Section 7.04 Reports by Company.

     The Company will:

     (1) file with the Trustee, within 15 days after the Company is required to file the
same with the Commission, copies of the annual reports and of the information, documents and
other reports (or copies of such portions of any of the foregoing as the Commission may from
time to time by rules and regulations prescribe) which the

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

     (2) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and
reports with respect to compliance by the Company with the conditions and covenants of this
Indenture as may be required from time to time by such rules and regulations; and

     (3) transmit to all Holders of Debt Securities, in the manner and to the extent
provided in Section 7.03, 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 (1) and (2) of this Section as may be required by rules and
regulations prescribed from time to time by the Commission.

ARTICLE VIII

CONCERNING THE HOLDERS

Section 8.01 Acts of Holders.

     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 an agent
or proxy 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. Whenever in this Indenture it is provided that the
Holders of a specified percentage in aggregate principal amount of the Outstanding Debt Securities
of any series may take any Act, the fact that the Holders of such specified percentage have joined
therein may be evidenced (a) by the instrument or instruments executed by Holders in person or by
agent or proxy appointed in writing, or (b) by the record of Holders voting in favor thereof at any
meeting of such Holders duly called and held in accordance with the provisions of Article Nine, or
(c) by a combination of such instrument or instruments and any such record of such a meeting of
Holders.

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Section 8.02 Proof of Ownership; Proof of Execution of Instruments by Holder. 

     The ownership of Registered Securities of any series shall be proved by the Security Register
for such series or by a certificate of the Security Registrar for such series.

     The ownership of Bearer Securities shall be proved by production of such Bearer Securities or
by a certificate executed by any bank or trust company, which certificate shall be dated and shall
state that on the date thereof a Bearer Security bearing a specified identifying number or other
mark was deposited with or exhibited to the person executing such certificate by the person named
in such certificate, or by any other proof of possession reasonably satisfactory to the Trustee.
The holding by the person named in any such certificate of any Bearer Security specified therein
shall be presumed to continue for a period of one year unless at the time of determination of such
holding (1) another certificate bearing a later date issued in respect of the same Bearer Security
shall be produced, (2) such Bearer Security shall be produced by some other person, (3) such Bearer
Security shall have been registered on the Security Register, if, pursuant to Section 3.01, such
Bearer Security can be so registered, or (4) such Bearer Security shall have been canceled or paid.

     Subject to the provisions of Sections 6.01, 6.03 and 9.05, proof of the execution of a writing
appointing an agent or proxy and of the execution of any instrument by a Holder or his agent or
proxy shall be sufficient and conclusive in favor of the Trustee and the Company if made in the
following manner:

     The fact and date of the execution by any such person of any instrument may be proved by the
certificate of any notary public, or other officer authorized to take acknowledgments of deeds,
that the person executing such instrument acknowledged to him the execution thereof, or by an
affidavit of a witness to such execution sworn to before any such notary or other such officer.
Where such execution is by an officer of a corporation or association or a member of a partnership
on behalf of such corporation, association or partnership, as the case may be, or by any other
person acting in a representative capacity, such certificate or affidavit shall also constitute
sufficient proof of his authority.

     The record of any Holders’ meeting shall be proved in the manner provided in Section 9.06.

     The Trustee may in any instance require further proof with respect to any of the matters
referred to in this Section so long as the request is a reasonable one.

Section 8.03 Persons Deemed Owners.

     The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in
whose name any Registered Security is registered as the owner of such Registered Security for the
purpose of receiving payment of the principal of (and premium, if any) and (subject to Section
3.07) interest, if any, on such Registered Security and for all other purposes whatsoever, whether
or not such Registered 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. The Company, the Trustee,
and any agent of the Company or the Trustee may treat the Holder of

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any Bearer Security or of any Coupon as the absolute owner of such Bearer Security or Coupon
for the purposes of receiving payment thereof or on account thereof and for all other purposes
whatsoever, whether or not such Bearer Security or Coupon 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.
All payments made to any Holder, or upon his order, shall be valid, and, to the extent of the sum
or sums paid, effectual to satisfy and discharge the liability for moneys payable upon such Debt
Security or Coupon.

Section 8.04 Revocation of Consents; Future Holders Bound. 

     At any time prior to (but not after) the evidencing to the Trustee, as provided in Section
8.01, of the taking of any Act by the Holders of the percentage in aggregate principal amount of
the Outstanding Debt Securities specified in this Indenture in connection with such Act, any Holder
of a Debt Security the number, letter or other distinguishing symbol of which is shown by the
evidence to be included in the Debt Securities the Holders of which have consented to such Act may,
by filing written notice with the Trustee at the Corporate Trust Office and upon proof of ownership
as provided in Section 8.02, revoke such Act so far as it concerns such Debt Security. Except as
aforesaid, any such Act taken by the Holder of any Debt Security shall be conclusive and binding
upon such Holder and, subject to the provisions of Section 5.08, upon all future Holders of such
Debt Security and all past, present and future Holders of Coupons, if any, appertaining thereto and
of any Debt Securities and Coupons issued on transfer or in lieu thereof or in exchange or
substitution therefor, irrespective of whether or not any notation in regard thereto is made upon
such Debt Security or Coupons or such other Debt Securities or Coupons.

ARTICLE IX

HOLDERS’ MEETINGS

Section 9.01 Purposes of Meetings.

     A meeting of Holders of any or all series may be called at any time and from time to time
pursuant to the provisions of this Article Nine for any of the following purposes:

     (1) to give any notice to the Company or to the Trustee for such series, or to give any
directions to the Trustee for such series, or to consent to the waiving of any default
hereunder and its consequences, or to take any other action authorized to be taken by
Holders pursuant to any of the provisions of Article Five;

     (2) to remove the Trustee for such series and appoint a successor Trustee pursuant to
the provisions of Article Six;

     (3) to consent to the execution of an indenture or indentures supplemental hereto
pursuant to the provisions of Section 11.02; or

     (4) to take any other action authorized to be taken by or on behalf of the Holders of
any specified aggregate principal amount of the Outstanding Debt Securities

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of any one or more or all series, as the case may be, under any other provision of this
Indenture or under applicable law.

Section 9.02 Call of Meetings by Trustee. 

     The Trustee for any series may at any time call a meeting of Holders of such series to take
any action specified in Section 9.01, to be held at such time or times and at such place or places
as the Trustee for such series shall determine. Notice of every meeting of the Holders of any
series, setting forth the time and the place of such meeting and in general terms the action
proposed to be taken at such meeting, shall be given to Holders of such series in the manner and to
the extent provided in Section 1.05. Such notice shall be given not less than 20 days nor more than
90 days prior to the date fixed for the meeting.

Section 9.03 Call of Meetings by Company or Holders. 

     In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least
10% in aggregate principal amount of the Outstanding Debt Securities of a series or of all series,
as the case may be, shall have requested the Trustee for such series to call a meeting of Holders
of any or all such series by written request setting forth in reasonable detail the action proposed
to be taken at the meeting, and the Trustee shall not have given the notice of such meeting within
20 days after the receipt of such request, then the Company or such Holders may determine the time
or times and the place or places for such meetings and may call such meetings to take any action
authorized in Section 9.01, by giving notice thereof as provided in Section 9.02.

Section 9.04 Qualifications for Voting. 

     To be entitled to vote at any meeting of Holders a Person shall be (a) a Holder of a Debt
Security of the series with respect to which such meeting is being held or (b) a Person appointed
by an instrument in writing as agent or proxy by such Holder. The only Persons who shall be
entitled to be present or to speak at any meeting of Holders shall be the Persons entitled to vote
at such meeting and their counsel and any representatives of the Trustee for the series with
respect to which such meeting is being held and its counsel and any representatives of the Company
and its counsel.

Section 9.05 Regulations.

     Notwithstanding any other provisions of this Indenture, the Trustee for any series may make
such reasonable regulations as it may deem advisable for any meeting of Holders of such series, in
regard to proof of the holding of Debt Securities of such series and of the appointment of proxies,
and in regard to the appointment and duties of inspectors of votes, the submission and examination
of proxies, certificates and other evidence of the right to vote, and such other matters concerning
the conduct of the meeting as it shall deem appropriate.

     The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting,
unless the meeting shall have been called by the Company or by Holders of such series as provided
in Section 9.03, in which case the Company or the Holders calling the meeting, as

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the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a
permanent secretary of the meeting shall be elected by a majority vote of the meeting.

     Subject to the provisos in the definition of “Outstanding,” at any meeting each Holder of a
Debt Security of the series with respect to which such meeting is being held or proxy therefor
shall be entitled to one vote for each $1,000 principal amount (or such other amount as shall be
specified as contemplated by Section 3.01) of Debt Securities of such series held or represented by
him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Debt
Security challenged as not Outstanding and ruled by the chairman of the meeting to be not
Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of
Outstanding Debt Securities of such series held by him or instruments in writing duly designating
him as the person to vote on behalf of Holders of Debt Securities of such series. Any meeting of
Holders with respect to which a meeting was duly called pursuant to the provisions of Section 9.02
or 9.03 may be adjourned from time to time by a majority of such Holders present and the meeting
may be held as so adjourned without further notice.

Section 9.06 Voting.

     The vote upon any resolution submitted to any meeting of Holders with respect to which such
meeting is being held shall be by written ballots on which shall be subscribed the signatures of
such Holders or of their representatives by proxy and the serial number or numbers of the Debt
Securities held or represented by them. The permanent chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against any resolution and
who shall make and file with the secretary of the meeting their verified written reports in
duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each
meeting of Holders shall be taken and there shall be attached to said record the original reports
of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more
persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing
that said notice was transmitted as provided in Section 9.02. The record shall show the serial
numbers of the Debt Securities voting in favor of or against any resolution. The record shall be
signed and verified by the affidavits of the permanent chairman and secretary of the meeting and
one of the duplicates shall be delivered to the Company and the other to the Trustee to be
preserved by the Trustee.

     Any record so signed and verified shall be conclusive evidence of the matters therein stated.

Section 9.07 No Delay of Rights by Meeting.

     Nothing contained in this Article Nine shall be deemed or construed to authorize or permit, by
reason of any call of a meeting of Holders or any rights expressly or impliedly conferred hereunder
to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or
reserved to the Trustee or to any Holder under any of the provisions of this Indenture or of the
Debt Securities of any series.

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ARTICLE X

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

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, and the Company shall
not permit any Person to consolidate with or merge into the Company or convey, transfer or lease
all or substantially all of its properties and assets to the Company, unless:

          (1) in case the Company shall consolidate with or merge into another person or convey,
transfer or lease all or substantially all of its properties and assets to any Person, the
Person formed by such consolidation or into which the Company is merged or the Person which
acquires by conveyance or transfer, or which leases, all or substantially all of the
properties and assets of the Company shall be a corporation, partnership or trust, shall be
organized and validly 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, in form satisfactory to the
Trustee, the due and punctual payment of the principal of (and premium, if any) and interest
on all the Debt 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 which, after notice or lapse of time or both, would become an Event of Default, shall
have occurred and be continuing; and

          (3) if, as a result of any such consolidation or merger or such conveyance, transfer or
lease, properties or assets of the Company would become subject to a mortgage, pledge, lien,
security interest or other encumbrance which would not be permitted by this Indenture, the
Company or such successor Person, as the case may be, shall take such steps as shall be
necessary effectively to secure the Debt Securities equally and ratably with (or prior to)
all Indebtedness secured thereby; and

          (4) the Company has delivered to the Trustee an Officers’ 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, such supplemental
indenture comply with this Article and that all conditions precedent herein provided for
relating to such transaction have been complied with.

Section 10.02 Successor Substituted.

     Upon any consolidation of the Company with, or merger of the Company into, any other Person or
any conveyance, transfer or lease of the properties and assets of the Company substantially as an
entirety in accordance with Section 10.01, the successor Person formed by such consolidation or
into which the Company is merged or to which such conveyance, transfer or lease is made shall
succeed to, and be substituted for, and may exercise every right and power

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of, the Company under this Indenture with the same effect as if such successor Person had been
named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person
shall be relieved of all obligations and covenants under this Indenture and the Debt Securities.

ARTICLE XI

SUPPLEMENTAL INDENTURES

Section 11.01 Supplemental Indentures Without Consent of Holders. 

     Without prior notice to or the consent of any Holders, the Company, when authorized by a 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:

          (1) to evidence the succession of another Corporation to the rights of the Company and
the assumption by such successor of the covenants and other obligations of the Company
herein and in the Debt Securities and Coupons, if any, contained; or

          (2) to add to the covenants of the Company, for the benefit of the Holders of all or
any series of Debt Securities and the Coupons, if any, appertaining thereto (and if such
covenants are to be for the benefit of less than all series, stating that such covenants are
expressly being included solely for the benefit of such series), or to surrender any right
or power herein conferred upon the Company; or

          (3) to add any additional Events of Default (and if such Events of Default are to be
applicable to less than all series, stating that such Events of Default are expressly being
included solely to be applicable to such series); or

          (4) to add or change any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the issuance of Debt Securities of any series in bearer
form, registrable or not registrable, and with or without Coupons, to permit Bearer
Securities to be issued in exchange for Registered Securities, to permit Bearer Securities
to be issued in exchange for Bearer Securities of other authorized denominations or to
permit the issuance of Debt Securities of any series in uncertificated form, provided that
any such action shall not adversely affect the interests of the Holders of Debt Securities
of any series or any related Coupons in any material respect; or

          (5) to change or eliminate any of the provisions of this Indenture, provided that any
such change or elimination shall become effective only when there is no Outstanding Debt
Security or Coupon of any series created prior to the execution of such supplemental
indenture which is entitled to the benefit of such provision and as to which such
supplemental indenture would apply; or

          (6) to secure the Debt Securities; or

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          (7) 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 Four or Fifteen, provided that any such action shall not adversely
affect the interests of the Holders of Debt Securities of such series or any other series of
Debt Securities or any related Coupons in any material respect; or

          (8) to establish the form or terms of Debt Securities and Coupons, if any, of any
series as permitted by Sections 2.01 and 3.01; or

          (9) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to one or more series of Debt 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 6.11; or

          (10) to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, to eliminate any conflict between
the terms of this Indenture or the Debt Securities and the Trust Indenture Act or to make
any other provisions with respect to matters or questions arising under this Indenture which
shall not be inconsistent with any provision of this Indenture; provided such other
provisions shall not adversely affect the interests of the Holders of Outstanding Debt
Securities or Coupons, if any, of any series created prior to the execution of such
supplemental indenture in any material respect; or

          (11) to alter the provisions of Section 3.10(e) hereof and establish any other
provisions in respect of Debt Securities issued in a Foreign Currency; provided that any
such change shall become effective only when there is no Outstanding Debt Security or Coupon
of any series created prior to the execution of such supplemental indenture which is
entitled to the benefit of such provisions and as to which such supplemental indenture would
apply.

Section 11.02 Supplemental Indentures With Consent of Holders. 

     With the written consent of the Holders of not less than a majority in principal amount of the
Outstanding Debt Securities of each series affected by such supplemental indenture voting
separately, by Act of said Holders delivered to the Company and the Trustee, the Company, when
authorized by a 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 under this Indenture of such Debt Securities or Coupons, if any; provided, however, that no
such supplemental indenture shall, without the consent of the Holder of each Outstanding Debt
Security of each such series affected thereby,

          (1) change the Stated Maturity of the principal of, or installment of interest, if any,
on, any Debt Security, or reduce the principal amount thereof or the interest thereon or any
premium payable upon redemption thereof, or change the Stated Maturity of or

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reduce the amount of any payment to be made with respect to any Coupon, or change the
Currency or Currencies in which the principal of (and premium, if any) or interest on such
Debt Security is denominated or payable, or reduce the amount of the principal of a Discount
Security that would be due and payable upon a declaration of acceleration of the Maturity
thereof pursuant to Section 5.02, or adversely affect the right of repayment or repurchase,
if any, at the option of the Holder, or reduce the amount of, or postpone the date fixed
for, any payment under any sinking fund or analogous provisions for any Debt Security, or
impair the right to institute suit for the enforcement of any payment on or after the Stated
Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or limit
the obligation of the Company to maintain a paying agency outside the United States for
payment on Bearer Securities as provided in Section 12.03; or

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

          (3) modify any of the provisions of this Section, Section 5.13 or Section 12.06, 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 Outstanding
Debt Security of each series affected thereby; provided, however, that this clause shall not
be deemed to require the consent of any Holder with respect to changes in the references to
“the Trustee” and concomitant changes in this Section and Section 12.06, or the deletion of
this proviso, in accordance with the requirements of Sections 6.11 and 11.01(7).

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

     A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture with respect to one or more particular series of Debt Securities and Coupons, if any, or
which modifies the rights of the Holders of Debt Securities and Coupons of 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 Debt Securities and Coupons, if any, of any other series.

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 shall be entitled to receive, and (subject to Section 6.01) 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 and that all conditions have been met. The Trustee may,
but shall not be obligated to, enter into any such supplemental indenture which adversely

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affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise in a
material way.

Section 11.04 Effect of Supplemental Indentures. 

     Upon the execution of any supplemental indenture under this Article, this Indenture shall be
modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Debt Securities and Coupons theretofore or
thereafter authenticated and delivered hereunder shall be bound thereby.

Section 11.05 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 11.06 Reference in Debt Securities to Supplemental Indentures. 

     Debt Securities and Coupons, if any, 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 Debt Securities and Coupons of any
series 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 the Trustee in exchange for Outstanding Debt Securities and Coupons of such series.

Section 11.07 Notice of Supplemental Indenture. 

     Promptly after the execution by the Company and the appropriate Trustee of any supplemental
indenture pursuant to Section 11.02, the Company shall transmit, in the manner and to the extent
provided in Section 1.05, to all Holders of any series of the Debt Securities affected thereby, a
notice setting forth in general terms the substance of such supplemental indenture.

ARTICLE XII

COVENANTS

Section 12.01 Payment of Principal, Premium and Interest.

     The Company covenants and agrees for the benefit of each series of Debt Securities and
Coupons, if any, that it will duly and punctually pay the principal of (and premium, if any) and
interest on the Debt Securities in accordance with the terms of the Debt Securities, the Coupons
and this Indenture. Unless otherwise specified as contemplated by Section 3.01 with respect to any
series of Debt Securities or except as otherwise provided in Section 3.06, any interest due on
Bearer Securities on or before Maturity shall be payable only upon presentation and surrender of
the several Coupons for such interest installments as are evidenced thereby as they severally

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mature. If so provided in the terms of any series of Debt Securities established as provided
in Section 3.01, the interest, if any, due in respect of any temporary Global Note or permanent
Global Note, together with any additional amounts payable in respect thereof, as provided in the
terms and conditions of such Debt Security, shall be payable only upon presentation of such Debt
Security to the Trustee for notation thereon of the payment of such interest.

Section 12.02 Officer’s Certificate as to Default.

     The Company will deliver to the Trustee, on or before a date not more than four months after
the end of each fiscal year of the Company (which on the date hereof is the calendar year) ending
after the date hereof, a certificate of the principal executive officer, principal financial
officer or principal accounting officer of the Company stating whether or not to the best knowledge
of the signer thereof the Company is in compliance with all covenants and conditions under this
Indenture, and, if the Company shall be in default, specifying all such defaults and the nature
thereof of which such signer may have knowledge. For purposes of this Section, such compliance
shall be determined without regard to any period of grace or requirement of notice provided under
this Indenture.

Section 12.03 Maintenance of Office or Agency. 

     If Debt Securities of a series are issuable only as Registered Securities, the Company will
maintain or cause to be maintained in each Place of Payment for such series an office or agency
where Debt Securities of that series may be presented or surrendered for payment, where Debt
Securities of that series may be surrendered for registration of transfer or exchange or
redemption, and where notices and demands to or upon the Company in respect of the Debt Securities
of that series and this Indenture may be served. If Debt Securities of a series are issuable as
Bearer Securities, the Company will maintain (A) in the Borough of Manhattan, The City and State of
New York, an office or agency where any Registered Securities of that series may be presented or
surrendered for payment, where any Registered Securities of that series, if any, may be surrendered
for registration of transfer, where Debt Securities of that series may be surrendered for exchange
or redemption, where Debt Securities of that series that are convertible may be surrendered for
conversion, where notices and demands to or upon the Company in respect of the Debt Securities of
that series and this Indenture may be served and where Bearer Securities of that series and related
Coupons may be presented or surrendered for payment in the circumstances described in the following
paragraph (and not otherwise), (B) subject to any laws or regulations applicable thereto, in a
Place of Payment for that series which is located outside the United States, an office or agency
where Debt Securities of that series and related Coupons may be presented and surrendered for
payment (including payment of any additional amounts payable on Bearer Securities of that series,
if so provided pursuant to Section 3.01); provided, however, that if the Debt Securities of that
series are listed on The Stock Exchange of the United Kingdom and the Republic of Ireland, the
Luxembourg Stock Exchange or any other stock exchange located outside the United States and such
stock exchange shall so require, the Company will maintain a Paying Agent for the Debt Securities
of that series in London, Luxembourg or any other required city located outside the United States,
as the case may be, so long as the Debt Securities of that series are listed on such exchange, and
(C) subject to any laws or regulations applicable thereto, in a Place of Payment for that series
located outside the United

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States an office or agency where any Registered Securities of that series may be surrendered
for registration of transfer, where Debt Securities of that series may be surrendered for exchange
and redemption and where notices and demands to or upon the Company in respect of the Debt
Securities of that series and this Indenture may be served. The Company will give prompt written
notice to the Trustee of the locations, and any change in the locations, of such offices or
agencies. If at any time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices
and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer
Securities of that series and the related Coupons may be presented and surrendered for payment at
the offices specified in the applicable Debt Security, and the Company hereby appoints the Trustee,
or in the case of Bearer Securities, such other agent as is specified pursuant to Section 3.01, as
its agent to receive all presentations, surrenders, notices and demands.

     No payment of principal, premium or interest on Bearer Securities shall be made at any office
or agency of the Company in the United States or by check mailed to any address in the United
States or by transfer to an account maintained with a bank located in the United States; provided,
however, that, if the Debt Securities of a series are denominated and payable in Dollars, payment
of principal of and any premium and interest on any Bearer Security (including any additional
amounts payable on Securities of such series, if so provided pursuant to Section 3.01) shall be
made at the office of the Trustee or the Company’s Paying Agent in the Borough of Manhattan, The
City and State of New York, if (but only if) payment in Dollars of the full amount of such
principal, premium, interest or additional amounts, as the case may be, at all offices or agencies
outside the United States maintained for the purpose by the Company in accordance with this
Indenture is illegal or effectively precluded by exchange controls or other similar restrictions.

     The Company may also from time to time designate different or additional offices or agencies
to be maintained for such purposes (in or outside of such Place of Payment), and may from time to
time rescind any such designations; provided, however, that no such designation or rescission shall
in any manner relieve the Company of its obligations described in the preceding paragraph. The
Company will give prompt written notice to the Trustee of any such additional designation or
rescission of designation and any change in the location of any such different or additional office
or agency.

Section 12.04 Money for Debt Securities; Payments to Be Held in Trust. 

     If the Company shall at any time act as its own Paying Agent with respect to any series of
Debt Securities and Coupons, if any, it will, on or before each due date of the principal of (and
premium, if any) or interest on any of the Debt Securities of such series, segregate and hold in
trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and
premium, if any) or interest 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 its action or
failure so to act.

     Whenever the Company shall have one or more Paying Agents with respect to any series of Debt
Securities and Coupons, it will, by or on each due date of the principal (and premium, if

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any) or interest on any Debt Securities of such series, deposit with any such Paying Agent a
sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to
be held in trust for the benefit of the Persons entitled thereto, and (unless any such Paying Agent
is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.

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

          (1) hold all sums held by it for the payment of the principal of (and premium, if any)
or interest on Debt 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;

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

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

     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
the 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 the Trustee, such Paying Agent shall be
released from all further liability with respect to such money.

     Subject to any applicable abandoned property law, any money deposited with the Trustee or any
Paying Agent, or then held by the Company, in trust for the payment of the principal of (and
premium, if any) or interest on any Debt Security of any series and remaining unclaimed for two
years after such principal (and premium, if any) or interest has become due and payable shall be
paid to the Company upon Company Request, or (if then held by the Company) shall be discharged from
such trust; and the Holder of such Debt Security or Coupon shall thereafter, as an unsecured
general creditor, look only to the Company for payment thereof, and all liability of the Trustee or
such Paying Agent with respect to such trust money, and all liability of the Company as trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before
being required to make any such repayment, may, in its sole discretion, at the expense of the
Company cause to be transmitted in the manner and to the extent provided by Section 1.05, notice
that such money remains unclaimed and that, after a date specified therein, which shall not be less
than 30 days from the date of such notification, any unclaimed balance of such money then remaining
will be repaid to the Company.

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Section 12.05 Corporate Existence.

     Subject to the provisions of Article Ten hereof, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect the corporate existence, rights
(charter and statutory) and franchises of the Company and each Significant Subsidiary; provided,
however, that the Company shall not be required to preserve any such right or franchise if the
Company shall determine that the preservation thereof is no longer desirable in the conduct of the
business of the Company or of the applicable Significant Subsidiary and that the loss thereof is
not disadvantageous in any material respect to the Holders.

Section 12.06 Waiver of Certain Covenants. 

     The Company may omit in any particular instance to comply with any term, provision or
condition set forth in Sections 12.05 (and, if so specified pursuant to Section 3.01, any other
covenant not set forth herein and specified pursuant to Section 3.01 to be applicable to the Debt
Securities of any series, except as otherwise provided pursuant to Section 3.01) with respect to
the Debt Securities of any series if before the time for such compliance the Holders of at least a
majority in principal amount of the Outstanding Debt Securities of such series shall, by Act of
such Holders, either waive such compliance in such instance or generally waive compliance with such
term, provision or condition, but no such waiver shall extend to or affect such term, provision or
condition except to the extent expressly so waived, and, until such waiver shall become effective,
the obligations of the Company and the duties of the Trustee in respect of any such term, provision
or condition shall remain in full force and effect.

ARTICLE XIII

REDEMPTION OF DEBT SECURITIES

Section 13.01 Applicability of Article.

     Debt Securities of any series which are redeemable before their Maturity shall be redeemable
in accordance with their terms and (except as otherwise specified pursuant to Section 3.01 for Debt
Securities of any series) in accordance with this Article.

Section 13.02 Election to Redeem; Notice to Trustee.

     The election of the Company to redeem (or, in the case of Discount Securities, to permit the
Holders to elect to surrender for redemption) any Debt Securities shall be evidenced by a Board
Resolution. In case of any redemption at the election of the Company of less than all of the Debt
Securities of any series pursuant to Section 13.03, the Company shall, at least 60 days before the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the
Trustee), notify the Trustee of such Redemption Date and of the principal amount of Debt Securities
of such series to be redeemed. In the case of any redemption of Debt Securities prior to the
expiration of any restriction on such redemption provided in the terms of such Debt Securities or
elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with such restrictions.

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Section 13.03 Selection by Trustee or Authenticating Agent of Debt Securities to Be Redeemed.

     Except in the case of a redemption in whole of the Bearer Securities or the Registered
Securities of such series, if less than all the Debt Securities of any series are to be redeemed at
the election of the Company, the particular Debt Securities to be redeemed shall be selected not
more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Debt Securities
of such series not previously called for redemption, by such method as the Trustee or agent
authorized pursuant to Section 3.01 shall deem fair and appropriate and which may provide for the
selection for redemption of portions (equal to the minimum authorized denomination for Debt
Securities of such series or any integral multiple thereof) of the principal amount of Debt
Securities of such series in a denomination larger than the minimum authorized denomination for
Debt Securities of such series pursuant to Section 3.02 in the Currency in which the Debt
Securities of such series are denominated. The portions of the principal amount of Debt Securities
so selected for partial redemption shall be equal to the minimum authorized denominations for Debt
Securities of such series pursuant to Section 3.02 in the Currency in which the Debt Securities of
such series are denominated or any integral multiple thereof, except as otherwise set forth in the
applicable form of Debt Securities. In any case when more than one Registered Security of such
series is registered in the same name, the Trustee or authorized agent in its discretion may treat
the aggregate principal amount so registered as if it were represented by one Registered Security
of such series.

     The Trustee or authorized agent shall promptly notify the Company in writing of the Debt
Securities selected for redemption and, in the case of any Debt Securities 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 Debt Securities shall relate, in the case of any Debt Security
redeemed or to be redeemed only in part, to the portion of the principal amount of such Debt
Security which has been or is to be redeemed.

Section 13.04 Notice of Redemption. 

     Notice of redemption 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, not less than 30 days and not more than 60
days prior to the Redemption Date to the Holders of Debt Securities of any series to be redeemed in
whole or in part pursuant to this Article Thirteen, in the manner provided in Section 1.05. Any
notice so given shall be conclusively presumed to have been duly given, whether or not the Holder
receives such notice. Failure to give such notice, or any defect in such notice to the Holder of
any Debt Security of a series designated for redemption, in whole or in part, shall not affect the
sufficiency of any notice of redemption with respect to the Holder of any other Debt Security of
such series.

     All notices of redemption shall state:

          (1) the Redemption Date;

          (2) the Redemption Price;

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          (3) that Debt Securities of such series are being redeemed by the Company pursuant to
provisions contained in this Indenture or the terms of the Debt Securities of such series or
a supplemental indenture establishing such series, if such be the case, together with a
brief statement of the facts permitting such redemption;

          (4) if less than all Outstanding Debt Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amounts) of the
particular Debt Securities to be redeemed;

          (5) that on the Redemption Date the Redemption Price will become due and payable upon
each such Debt Security to be redeemed, and that interest thereon, if any, shall cease to
accrue on and after said date;

          (6) that, unless otherwise specified in such notice, Coupon Securities of any series,
if any, surrendered for redemption must be accompanied by all Coupons maturing subsequent to
the date fixed for redemption, failing which the amount of any such missing Coupon or
Coupons will be deducted from the Redemption Price;

          (7) the Place or Places of Payment where such Debt Securities are to be surrendered for
payment of the Redemption Price;

          (8) if Bearer Securities of any series are to be redeemed and any Registered Securities
of such series are not to be redeemed, and if such Bearer Securities may be exchanged for
Registered Securities not subject to redemption on this Redemption Date pursuant to Section
3.05(b) or otherwise, the last date on which such exchanges may be made; and

          (9) that the redemption is for a sinking fund, if such is the case.

Section 13.05 Deposit of Redemption Price. 

     On or prior to the Redemption Date for any Debt Securities, 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 12.04) an amount of money in the Currency or Currencies in
which such Debt Securities are denominated (except as provided pursuant to Section 3.01 or 3.10)
sufficient to pay the Redemption Price of such Debt Securities or such amount or any portions
thereof which are to be redeemed on that date.

Section 13.06 Debt Securities Payable on Redemption Date. 

     Notice of redemption having been given as aforesaid, any Debt Securities so to be redeemed
shall, on the Redemption Date, become due and payable at the Redemption Price in the Currency in
which the Debt Securities of such series are payable (except as otherwise specified pursuant to
Section 3.01 or 3.10), and from and after such date (unless the Company shall default in the
payment of the Redemption Price) such Debt Securities shall cease to bear interest. Upon surrender
of any such Debt Security for redemption in accordance with said notice, such Debt Security shall
be paid by the Company at the Redemption Price; provided,

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however, that installments of interest on Bearer Securities whose Stated Maturity is on or
prior to the Redemption Date shall be payable only at an office or agency located outside the
United States (except as otherwise provided in Section 12.03) and, unless otherwise specified as
contemplated by Section 3.01, only upon presentation and surrender of Coupons for such interest;
and provided, further, that, unless otherwise specified as contemplated by Section 3.01,
installments of interest on Registered Securities which have a Stated Maturity on or prior to the
Redemption Date for such Debt Securities shall be payable according to the terms of such Debt
Securities and the provisions of Section 3.07.

     If any Debt Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium, if any) shall, until paid, bear interest from the
Redemption Date at the rate prescribed therefor in the Debt Security.

     If any Coupon Security surrendered for redemption shall not be accompanied by all Coupons
appertaining thereto maturing on or after the Redemption Date, the Redemption Price for such Coupon
Security may be reduced by an amount equal to the face amount of all such missing Coupons. If
thereafter the Holder of such Coupon shall surrender to any Paying Agent outside the United States
any such missing Coupon in respect of which a deduction shall have been made from the Redemption
Price, such Holder shall be entitled to receive the amount so deducted. The surrender of such
missing Coupon or Coupons may be waived by the Company and the Trustee, if there be furnished to
them such security or indemnity as they may require to save each of them and any Paying Agent
harmless.

Section 13.07 Debt Securities Redeemed in Part.

     Any Debt Security which is to be redeemed only in part shall be surrendered at the Corporate
Trust Office or such other office or agency of the Company as is specified pursuant to Section 3.01
(in the case of Registered Securities) and at an office of the Trustee or such other office or
agency of the Company outside the United States as is specified pursuant to Section 3.01 (in the
case of Bearer Securities) with, if the Company, the Security Registrar or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company, the
Security Registrar 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 to the Holder of such Debt Security without service charge, a new Debt Security or Debt
Securities of the same series, of like tenor and form, 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 of the Debt Security so surrendered, and, in the case of a Coupon Security, with
appropriate Coupons attached. In the case of a Debt Security providing appropriate space for such
notation, at the option of the Holder thereof, the Trustee, in lieu of delivering a new Debt
Security or Debt Securities as aforesaid, may make a notation on such Debt Security of the payment
of the redeemed portion thereof.

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ARTICLE XIV

SINKING FUNDS

Section 14.01 Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for the retirement of
Debt Securities of a series except as otherwise specified pursuant to Section 3.01 for Debt
Securities of such series.

     The minimum amount of any sinking fund payment provided for by the terms of Debt Securities of
any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess
of such minimum amount provided for by the terms of Debt Securities of any series is herein
referred to as an “optional sinking fund payment”. If provided for by the terms of Debt Securities
of any series, the amount of any cash sinking fund payment may be subject to reduction as provided
in Section 14.02. Each sinking fund payment shall be applied to the redemption of Debt Securities
of any series as provided for by the terms of Debt Securities of such series.

Section 14.02 Satisfaction of Mandatory Sinking Fund Payments with Debt Securities.

     In lieu of making all or any part of a mandatory sinking fund payment with respect to any Debt
Securities of a series in cash, the Company may at its option, at any time no more than sixteen
months and no less than 45 days prior to the date on which such sinking fund payment is due,
deliver to the Trustee Debt Securities of such series (together with the unmatured Coupons, if any,
appertaining thereto) theretofore purchased or otherwise acquired by the Company, except Debt
Securities of such series which have been redeemed through the application of mandatory sinking
fund payments pursuant to the terms of the Debt Securities of such series, accompanied by a Company
Order instructing the Trustee to credit such sinking fund payment and stating that the Debt
Securities of such series were originally issued by the Company by way of bona fide sale or other
negotiation for value, provided that such Debt Securities shall not have been previously so
credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at
the Redemption Price specified in such Debt Securities for redemption through operation of the
sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Section 14.03 Redemption of Debt Securities for Sinking Fund. 

     Not less than 60 days prior to each sinking fund payment date for any series of Debt
Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver
to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund
payment for that series pursuant to the terms of that series, the portion thereof, if any, which is
to be satisfied by payment of cash in the Currency or Currencies in which the Debt Securities of
such series are denominated (except as provided pursuant to Section 3.01 or 3.10) and the portion
thereof, if any, which is to be satisfied by delivering and crediting Debt Securities of such
series pursuant to Section 14.02 and whether the Company intends to exercise its rights to

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make a permitted optional sinking fund payment with respect to 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, the sinking fund
payment due on the next succeeding sinking fund payment date for such series shall be paid entirely
in cash and shall be sufficient to redeem the principal amount of the Debt Securities of such
series subject to a mandatory sinking fund payment without the right to deliver or credit Debt
Securities as provided in Section 14.02 and without the right to make any optional sinking fund
payment with respect to such series at such time.

     Any sinking fund payment or payments (mandatory or optional) made in cash plus any unused
balance of any preceding sinking fund payments made with respect to the Debt Securities of any
particular series shall be applied by the Trustee (or by the Company if the Company is acting as
its own Paying Agent) 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 immediately
following the date of such payment) to the redemption of Debt Securities of such series at the
Redemption Price specified in such Debt Securities with respect to the sinking fund. Any sinking
fund moneys not so applied or allocated by the Trustee (or by the Company if the Company is acting
as its own Paying Agent) to the redemption of Debt Securities shall be added to the next sinking
fund payment received by the Trustee (or if the Company is acting as its own Paying Agent,
segregated and held in trust as provided in Section 12.04) for such series and, together with such
payment (or such amount so segregated), shall be applied in accordance with the provisions of this
Section. Any and all sinking fund moneys with respect to the Debt Securities of any particular
series held by the Trustee (or if the Company is acting as its own Paying Agent, segregated and
held in trust as provided in Section 12.04) on the last sinking fund payment date with respect to
Debt Securities of such series and not held for the payment or redemption of particular Debt
Securities of such series shall be applied by the Trustee (or by the Company if the Company is
acting as its own Paying Agent), together with other moneys, if necessary, to be deposited (or
segregated) sufficient for the purpose, to the payment of the principal of the Debt Securities of
such series at Maturity.

     The Trustee shall select or cause to be selected the Debt Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 13.03 and the Company shall cause
notice of the redemption thereof to be given in the manner provided in Section 13.04. Such notice
having been duly given, the redemption of such Debt Securities shall be made upon the terms and in
the manner stated in Section 13.06.

     On or before each sinking fund payment date, the Company shall pay to the Trustee (or, if the
Company is acting as its own Paying Agent, the Company shall segregate and hold in trust as
provided in Section 12.04) in cash a sum, in the Currency or Currencies in which Debt Securities of
such series are denominated (except as provided pursuant to Sections 3.01 or 3.10), equal to the
principal and any interest accrued to the Redemption Date for Debt Securities or portions thereof
to be redeemed on such sinking fund payment date pursuant to this Section.

     Neither the Trustee nor the Company shall redeem any Debt Securities of a series with sinking
fund moneys or mail any notice of redemption of Debt Securities of such series by

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operation of the sinking fund for such series during the continuance of a default in payment
of interest, if any, on any Debt 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 the Debt
Securities of such series, except that if the notice of redemption shall have been provided in
accordance with the provisions hereof, the Trustee (or the Company, if the Company is then acting
as its own Paying Agent) shall redeem such Debt Securities if cash sufficient for that purpose
shall be deposited with the Trustee (or segregated by the Company) for that purpose in accordance
with the terms of this Article. Except as aforesaid, any moneys in the sinking fund for 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 the Debt Securities and Coupons, if any, of such series; provided,
however, that in case such default or Event of Default shall have been cured or waived as provided
herein, such moneys shall thereafter be applied on or prior to the next sinking fund payment date
for the Debt Securities of such series on which such moneys may be applied pursuant to the
provisions of this Section.

ARTICLE XV

DEFEASANCE

Section 15.01 Applicability of Article. 

     If, pursuant to Section 3.01, provision is made for the defeasance of Debt Securities of a
series, and if the Debt Securities of such series are Registered Securities and denominated and
payable only in Dollars (except as provided pursuant to Section 3.01) then the provisions of this
Article shall be applicable except as otherwise specified pursuant to Section 3.01 for Debt
Securities of such series. Defeasance provisions, if any, for Debt Securities denominated in a
Foreign Currency or Currencies or for Bearer Securities may be specified pursuant to Section 3.01.

Section 15.02 Defeasance Upon Deposit of Moneys or U.S. Government Obligations.

     At the Company’s option, either (a) the Company shall be deemed to have been Discharged (as
defined below) from its obligations with respect to Debt Securities of any series (“legal
defeasance option”) or (b) if so specified pursuant to Section 3.01, the Company shall cease to be
under any obligation to comply with any obligation of the Company or restrictive covenant added for
the benefit of such series pursuant to Section 3.01) (“covenant defeasance option”), in either case
at any time after the applicable conditions set forth below have been satisfied:

          (1) the Company shall have deposited or caused to be deposited irrevocably with the
Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely
to, the benefit of the Holders of the Debt Securities of such series (i) money in an amount,
or (ii) U.S. Government Obligations (as defined below) which through the payment of interest
and principal in respect thereof in accordance with their terms will provide, not later than
one day before the due date of any payment, money in an amount,

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or (iii) a combination of (i) and (ii), sufficient, in the opinion (with respect to (i)
and (ii)) of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge each
installment of principal (including any mandatory sinking fund payments) of and premium, if
any, and interest on, the Outstanding Debt Securities of such series on the dates such
installments of interest or principal and premium are due;

          (2) such deposit shall not cause the Trustee with respect to the Debt Securities of
that series to have a conflicting interest as defined in Section 6.08 and for purposes of
the Trust Indenture Act with respect to the Debt Securities of any series;

          (3) such deposit will not result in a breach or violation of, or constitute a default
under, this Indenture or any other agreement or instrument to which the Company is a party
or by which it is bound;

          (4) if the Debt Securities of such series are then listed on any national securities
exchange, the Company shall have delivered to the Trustee an Opinion of Counsel or a letter
or other document from such exchange to the effect that the Company’s exercise of its option
under this Section would not cause such Debt Securities to be delisted;

          (5) no Event of Default or event (including such deposit) which, with notice or lapse
of time or both, would become an Event of Default with respect to the Debt Securities of
such series shall have occurred and be continuing on the date of such deposit and, with
respect to the legal defeasance option only, no Event of Default under Section 5.01(5) or
Section 5.01(6) or event which with the giving of notice or lapse of time, or both, would
become an Event of Default under Section 5.01(5) or Section 5.01(6) shall have occurred and
be continuing on the 91st day after such date; and

          (6) the Company shall have delivered to the Trustee an Opinion of Counsel or a ruling
from the Internal Revenue Service to the effect that such deposit, defeasance or the Holders
of the Debt Securities of such series will not recognize income, gain or loss for Federal
income tax purposes as a result of such deposit, defeasance or Discharge.

     Notwithstanding the foregoing, if the Company exercises its covenant defeasance option and an
Event of Default under Section 5.01(5) or Section 5.01(6) or event which with the giving of notice
or lapse of time, or both, would become an Event of Default under Section 5.01(5) or Section
5.01(6) shall have occurred and be continuing on the 91st day after the date of such deposit, the
obligations of the Company referred to under the definition of covenant defeasance option with
respect to such Debt Securities shall be reinstated. Money and securities held in trust pursuant to
a legal defeasance shall not be subject to Article Sixteen.

     “Discharged” means that the Company shall be deemed to have paid and discharged the entire
indebtedness represented by, and obligations under, the Debt Securities of such series and to have
satisfied all the obligations under this Indenture relating to the Debt Securities of such series
(and the Trustee, at the expense of the Company, shall execute proper instruments

- 91 -

 

acknowledging the same), except (A) the rights of Holders of Debt Securities of such series to
receive, from the trust fund described in clause (1) above, payment of the principal of (and
premium, if any) and interest on such Debt Securities when such payments are due, (B) the Company’s
obligations with respect to the Debt Securities of such series under Sections 3.04, 3.05, 3.06,
6.07, 12.03 and 15.03 and (C) the rights, powers, trusts, duties and immunities of the Trustee
hereunder.

     “U.S. Government Obligations” means securities that are (i) direct obligations of the United
States for the timely 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 the payment of which is unconditionally guaranteed as a full faith and credit obligation by
the United States, which, in either case under clauses (i) or (ii), are not callable or redeemable
at the option of the issuer thereof, and shall also include a depository receipt issued by a bank
or trust company as custodian with respect to any such U.S. Government Obligation or a specific
payment of interest on or principal of any such U.S. Government 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 U.S. Government
Obligation or the specific payment of interest on or principal of the U.S. Government Obligation
evidenced by such depository receipt.

Section 15.03 Deposited Moneys and U.S. Government Obligations to Be Held in Trust. 

     All moneys and U.S. Government Obligations deposited with the Trustee pursuant to Section
15.02 in respect of Debt Securities of a series shall be held in trust and applied by it, in
accordance with the provisions of such Debt Securities 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 Holders of such Debt Securities, of all sums due and to become due
thereon for principal (and premium, if any) and interest, if any, but such money need not be
segregated from other funds except to the extent required by law.

Section 15.04 Repayment to Company.

     The Trustee and any Paying Agent shall promptly pay or return to the Company upon Company
Request any moneys or U.S. Government Obligations held by them at any time that are not required
for the payment of the principal of (and premium, if any) and interest on the Debt Securities of
any series for which money or U.S. Government Obligations have been deposited pursuant to Section
15.02.

     The provisions of the last paragraph of Section 12.04 shall apply to any money held by the
Trustee or any Paying Agent under this Article that remains unclaimed for two years after the
Maturity of any series of Debt Securities for which money or U.S. Government Obligations have been
deposited pursuant to Section 15.02.

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

	 	 	 	 	 
	 	 	VINEYARD NATIONAL BANCORP
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

Attest:

	 	 	 
	 	 	 
	Name:

	 	 
	Title:
	 	 
	Seal
	 	 

	 	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY,
As Trustee
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

Attest:

	 	 	 
	 	 	 
	Name:

	 	 
	Title:
	 	 
	Seal
	 	 

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EXHIBIT A

[FORM OF CERTIFICATE TO BE GIVEN BY

PERSON ENTITLED TO RECEIVE BEARER SECURITY

OR INTEREST PRIOR TO AN EXCHANGE DATE]

CERTIFICATE

 

[Insert title or sufficient description of Securities to be delivered]

     This is to certify that as of the date hereof and except as set forth below principal amount
of the above captioned Debt Securities held by you for our account (i) is owned by person(s) that
are not United States person(s) (as defined below), (ii) is owned by United States person(s) that
are

     (a) foreign branches of United States financial institutions (as defined in Section
1.165-12(c)(1)(v) of the United States Treasury regulations) (“financial institutions”) purchasing
for their own account or for resale, or (b) United States person(s) who acquired the Debt
Securities through foreign branches of United States financial institutions and who hold the Debt
Securities through such United States financial institutions on the date hereof (and in either case

     (a) or (b), each such United States financial institution hereby agrees, on its own behalf or
through its agent, that you may advise the Company or the Company’s agent that it will comply with
the requirements of Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of
1986, as amended, and the Treasury regulations thereunder), or (iii) is owned by United States or
foreign financial institution(s) for the purpose of resale during the restricted period (as defined
in Section 1.163-5(c)(2)(i)(D)(7) of the United States Treasury regulations), and in addition if
the owner of the Debt Securities is a United States or foreign financial institution described in
clause (iii) above (whether or not also described in clause (i) or (ii)) this is to further certify
that such financial institution has not acquired the Debt Securities for the purpose of resale
directly or indirectly to a United States person or to a person within the United States or its
possessions.

     We undertake to advise you promptly by tested telex on or prior to the date on which you
intend to submit your certification relating to the beneficial interest in the temporary global
Security held by you for our account in accordance with your operating procedures if any applicable
statement herein is not correct on such date, and in the absence of any such notification it may be
assumed that this certification applies as of such date.

     This certificate excepts and does not relate to                      principal amount of Debt Securities
held by you for our account as to which we are not able to provide a certificate in this form. We
understand that exchange of such portion of the temporary global Note for definitive Bearer
Securities or interests in a permanent global Note cannot be made until we are able to provide a
certificate in this form.

     We understand that this certificate is required in connection with certain tax laws and
regulations of the United States. If administrative or legal proceedings are commenced or

 1

 

threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate or a copy thereof to any interested party in such
proceedings.

     “United States person” means any citizen or resident of the United States, any corporation,
partnership or other entity created or organized in or under the laws of the United States and any
estate or trust the income of which is subject to United States federal income taxation regardless
of its source. “United States” means the United States of America (including the States and the
District of Columbia) and its “possessions” which include the Commonwealth of Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

Dated:                                         , 200__

[To be dated no earlier than the 10th day before the Exchange Date]

	 	 	 	 	 
	 

	 	By:	 	 
	 	 	 	 	 
	 	 	As, or as agent for, the beneficial owner(s) of the portion of the
temporary Global Note to which this certificate relates.

 2

 

EXHIBIT B

[FORM OF CERTIFICATE TO BE GIVEN BY [EUROCLEAR] AND [Cedelbank, S.A.]

IN CONNECTION WITH THE EXCHANGE OF

A PORTION OF A TEMPORARY GLOBAL NOTE]

CERTIFICATE

 

[Insert title or sufficient description of Securities to be delivered]

     The undersigned certifies that, based solely on certifications we have received in writing, by
tested telex or by electronic transmission from member organizations appearing in our records as
persons being entitled to a portion of the principal amount set forth below (our “Member
Organizations”) substantially to the effect set forth in the Indenture as of the date hereof,
                     principal amount of the above-captioned Debt Securities (i) is owned by person(s) that
are not United States person(s) (as defined below), (ii) is owned by United States person(s) that
are (a) foreign branches of United States financial institutions (as defined in Section
1.165-12(c)(1)(v) of the United States Treasury regulations) (“financial institutions”) purchasing
for their own account or for resale, or (b) United States person(s) who acquired the Debt
Securities through foreign branches of United States financial institutions and who hold the Debt
Securities through such United States financial institutions on the date hereof (and in either case
(a) or (b), each such United States financial institution has agreed, on its own behalf or through
its agent, that we may advise the Company or the Company’s agent that it will comply with the
requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended,
and the Treasury regulations thereunder), or (iii) is owned by United States or foreign financial
institution(s) for the purpose of resale during the restricted period (as defined in Section
1.163-5(c)(2)(i)(D)(7) of the United States Treasury regulations), and in addition United States or
foreign financial institutions described in clause (iii) above (whether or not also described in
clause (i) or (ii)) have certified that they have not acquired the Debt Securities for the purpose
of resale directly or indirectly to a United States person or to a person within the United States
or its possessions.

     We further certify (i) that we are not making available for exchange or collection of any
interest any portion of the temporary Global Note excepted in such certifications and (ii) that as
of the date hereof we have not received any notification from any of our Member Organizations to
the effect that the statements made by such Member Organizations with respect to any portion of the
part submitted herewith for exchange or collection of any interest are no longer true and cannot be
relied upon as of the date hereof.

     We understand that this certificate is required in connection with certain tax laws and
regulations of the United States. If administrative or legal proceedings are commenced or
threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate or a copy thereof to any interested party in such
proceedings.

     “United States person” means any citizen or resident of the United States, any corporation,
partnership or other entity created or organized in or under the laws of the United

 1

 

States and any estate or trust the income of which is subject to United States federal income
taxation regardless of its source. “United States” means the United States of America (including
the States and the District of Columbia) and its “possessions” which include the Commonwealth of
Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands.

	 	 	 
	Dated:

	 	                                                            , 200_

[To be dated no earlier than the

Exchange Date]

	 	 	 	 	 
	 

	 	By:	 	 
	 	 	 	 	 
	 

	 	 	 	[Operator of the Euroclear System]

[Cedelbank]

 2exv4w2

 

Exhibit 4.2

VINEYARD NATIONAL BANCORP

To

WILMINGTON TRUST COMPANY,

Trustee

 

Form of

Indenture

Dated as of _____ __, 200__

 

Subordinated Debt Securities

 

 

VINEYARD NATIONAL BANCORP

RECONCILIATION AND TIE BETWEEN

TRUST INDENTURE ACT OF 1939 AND

INDENTURE DATED AS OF _____ __, 200__

	 	 	 	 	 
	TRUST INDENTURE	 	 	 
	ACT SECTION	 	INDENTURE SECTION
	ss.310 (a)(1)
	 	 	6.09
	(a)(2)
	 	 	6.09
	(a)(3)
	 	Not Applicable
	(a)(4)
	 	Not Applicable
	(b)
	 	 	6.08
	 
	 	 	6.10
	ss.311 (a)
	 	 	6.13
	(b)
	 	 	6.13
	ss.312 (a)
	 	 	7.01
	 
	 	 	7.02	(a)
	(b)
	 	 	7.02	(b)
	(c)
	 	 	7.02	(c)
	ss.313 (a)
	 	 	7.03	(a)
	(b)
	 	 	7.03	(b)
	(c)
	 	 	7.03	(c)
	(d)
	 	 	7.03	(d)
	ss.314 (a)
	 	 	7.04
	(a)(4)
	 	 	12.02
	(b)
	 	Not Applicable
	(c)(1)
	 	 	1.02
	(c)(2)
	 	 	1.02
	(c)(3)
	 	Not Applicable
	(d)
	 	Not Applicable
	(e)
	 	 	1.02
	ss.315 (a)
	 	 	6.01
	(b)
	 	 	6.02
	(c)
	 	 	6.01
	(d)
	 	 	6.01
	(e)
	 	 	5.14
	ss.316 (a)
	 	 	1.01
	(a)(1)(A)
	 	 	5.02
	 
	 	 	5.12
	(a)(1)(B)
	 	 	5.13
	(a)(2)
	 	Not Applicable
	(b)
	 	 	5.08
	ss.317 (a)(1)
	 	 	5.03
	(a)(2)
	 	 	5.04
	(b)
	 	 	12.04
	ss.318 (a)
	 	 	1.06

 

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

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF
GENERAL APPLICATION
	 	 	1	 
	Section 1.01 Definitions
	 	 	1	 
	Section 1.02 Compliance Certificates and Opinions
	 	 	10	 
	Section 1.03 Form of Documents Delivered to Trustee
	 	 	11	 
	Section 1.04 Notices, etc., to Trustee and Company
	 	 	11	 
	Section 1.05 Notice to Holders; Waiver
	 	 	12	 
	Section 1.06 Conflict with Trust Indenture Act
	 	 	12	 
	Section 1.07 Effect of Headings and Table of Contents
	 	 	13	 
	Section 1.08 Successors and Assigns
	 	 	13	 
	Section 1.09 Separability Clause
	 	 	13	 
	Section 1.10 Benefits of Indenture
	 	 	13	 
	Section 1.11 Governing Law
	 	 	13	 
	Section 1.12 Legal Holidays
	 	 	13	 
	Section 1.13 No Security Interest Created
	 	 	14	 
	Section 1.14 Liability Solely Corporate
	 	 	14	 
	ARTICLE II DEBT SECURITY FORMS
	 	 	14	 
	Section 2.01 Forms Generally
	 	 	14	 
	Section 2.02 Form of Trustee’s Certificate of Authentication
	 	 	15	 
	Section 2.03 Securities in Global Form
	 	 	15	 
	ARTICLE III THE DEBT SECURITIES
	 	 	16	 
	Section 3.01 Amount Unlimited; Issuable in Series
	 	 	16	 
	Section 3.02 Denominations
	 	 	19	 
	Section 3.03 Execution, Authentication, Delivery and Dating
	 	 	20	 
	Section 3.04 Temporary Debt Securities; Exchange of Temporary Global Notes for
Definitive Bearer Securities; Global Notes Representing Registered Securities
	 	 	22	 
	Section 3.05 Registration, Transfer and Exchange
	 	 	28	 
	Section 3.06 Mutilated, Destroyed, Lost and Stolen Debt Securities
	 	 	30	 
	Section 3.07 Payment of Interest; Interest Rights Preserved
	 	 	31	 
	Section 3.08 Cancellation
	 	 	33	 
	Section 3.09 Computation of Interest
	 	 	33	 
	Section 3.10 Currency of Payments in Respect of Debt Securities
	 	 	34	 
	Section 3.11 Judgments
	 	 	37	 
	Section 3.12 Exchange Upon Default
	 	 	37	 
	Section 3.13 CUSIP Numbers
	 	 	37	 
	ARTICLE IV SATISFACTION AND DISCHARGE
	 	 	38	 
	Section 4.01 Satisfaction and Discharge of Indenture
	 	 	38	 
	Section 4.02 Application of Trust Money
	 	 	39	 
	ARTICLE V REMEDIES
	 	 	40	 
	Section 5.01 Events of Default
	 	 	40	 
	Section 5.02 Acceleration of Maturity; Rescission and Annulment
	 	 	40	 

 

 

	 	 	 	 	 
	 	 	Page	 
	Section 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	41	 
	Section 5.04 Trustee May File Proofs of Claim
	 	 	42	 
	Section 5.05 Trustee May Enforce Claims Without Possession of Debt Securities
	 	 	43	 
	Section 5.06 Application of Money Collected
	 	 	43	 
	Section 5.07 Limitation on Suits
	 	 	44	 
	Section 5.08 Unconditional Right of Holders to Receive Principal,
Premium and Interest
	 	 	44	 
	Section 5.09 Restoration of Rights and Remedies
	 	 	45	 
	Section 5.10 Rights and Remedies Cumulative
	 	 	45	 
	Section 5.11 Delay or Omission Not Waiver
	 	 	45	 
	Section 5.12 Control by Holders
	 	 	45	 
	Section 5.13 Waiver of Past Defaults
	 	 	46	 
	Section 5.14 Undertaking for Costs
	 	 	46	 
	Section 5.15 Waiver of Stay or Extension Laws
	 	 	46	 
	ARTICLE VI THE TRUSTEE
	 	 	47	 
	Section 6.01 Certain Duties and Responsibilities
	 	 	47	 
	Section 6.02 Notice of Defaults
	 	 	48	 
	Section 6.03 Certain Rights of Trustee
	 	 	49	 
	Section 6.04 Not Responsible for Recitals or Issuance of Debt Securities
	 	 	50	 
	Section 6.05 May Hold Debt Securities
	 	 	50	 
	Section 6.06 Money Held in Trust
	 	 	50	 
	Section 6.07 Compensation and Reimbursement
	 	 	50	 
	Section 6.08 Disqualification; Conflicting Interests
	 	 	51	 
	Section 6.09 Corporate Trustee Required; Eligibility
	 	 	56	 
	Section 6.10 Resignation and Removal; Appointment of Successor
	 	 	57	 
	Section 6.11 Acceptance of Appointment by Successor
	 	 	58	 
	Section 6.12 Merger, Conversion, Consolidation or Succession to Business
	 	 	59	 
	Section 6.13 Preferential Collection of Claims Against Company
	 	 	59	 
	Section 6.14 Appointment of Authenticating Agent
	 	 	63	 
	ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE
AND COMPANY
	 	 	64	 
	Section 7.01 Company to Furnish Trustee Names and Addresses of Holders
	 	 	64	 
	Section 7.02 Preservation of Information; Communication to Holders
	 	 	65	 
	Section 7.03 Reports by Trustee
	 	 	66	 
	Section 7.04 Reports by Company
	 	 	68	 
	ARTICLE VIII CONCERNING THE HOLDERS
	 	 	69	 
	Section 8.01 Acts of Holders
	 	 	69	 
	Section 8.02 Proof of Ownership; Proof of Execution of Instruments by Holder
	 	 	69	 
	Section 8.03 Persons Deemed Owners
	 	 	70	 
	Section 8.04 Revocation of Consents; Future Holders Bound
	 	 	70	 
	ARTICLE IX HOLDERS’ MEETINGS
	 	 	71	 
	Section 9.01 Purposes of Meetings
	 	 	71	 
	Section 9.02 Call of Meetings by Trustee
	 	 	71	 
	Section 9.03 Call of Meetings by Company or Holders
	 	 	71	 
	Section 9.04 Qualifications for Voting
	 	 	72	 
	Section 9.05 Regulations
	 	 	72	 

 

 

	 	 	 	 	 
	 	 	Page	 
	Section 9.06 Voting
	 	 	72	 
	Section 9.07 No Delay of Rights by Meeting
	 	 	73	 
	ARTICLE X CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER
OR LEASE
	 	 	73	 
	Section 10.01 Company May Consolidate, Etc., Only on Certain Terms
	 	 	73	 
	Section 10.02 Successor Substituted
	 	 	74	 
	ARTICLE XI SUPPLEMENTAL INDENTURES
	 	 	74	 
	Section 11.01 Supplemental Indentures Without Consent of Holders
	 	 	74	 
	Section 11.02 Supplemental Indentures With Consent of Holders
	 	 	76	 
	Section 11.03 Execution of Supplemental Indentures
	 	 	77	 
	Section 11.04 Effect of Supplemental Indentures
	 	 	77	 
	Section 11.05 Conformity with Trust Indenture Act
	 	 	77	 
	Section 11.06 Reference in Debt Securities to Supplemental Indentures
	 	 	77	 
	Section 11.07 Notice of Supplemental Indenture
	 	 	78	 
	Section 11.08 Effect on Senior Indebtedness
	 	 	78	 
	ARTICLE XII COVENANTS
	 	 	78	 
	Section 12.01 Payment of Principal, Premium and Interest
	 	 	78	 
	Section 12.02 Officer’s Certificate as to Default
	 	 	78	 
	Section 12.03 Maintenance of Office or Agency
	 	 	79	 
	Section 12.04 Money for Debt Securities; Payments to Be Held in Trust
	 	 	80	 
	Section 12.05 Corporate Existence
	 	 	81	 
	Section 12.06 Waiver of Certain Covenants
	 	 	81	 
	ARTICLE XIII REDEMPTION OF DEBT SECURITIES
	 	 	82	 
	Section 13.01 Applicability of Article
	 	 	82	 
	Section 13.02 Election to Redeem; Notice to Trustee
	 	 	82	 
	Section 13.03 Selection by Trustee of Debt Securities to Be Redeemed
	 	 	82	 
	Section 13.04 Notice of Redemption
	 	 	83	 
	Section 13.05 Deposit of Redemption Price
	 	 	84	 
	Section 13.06 Debt Securities Payable on Redemption Date
	 	 	84	 
	Section 13.07 Debt Securities Redeemed in Part
	 	 	84	 
	ARTICLE XIV SINKING FUNDS
	 	 	85	 
	Section 14.01 Applicability of Article
	 	 	85	 
	Section 14.02 Satisfaction of Mandatory Sinking Fund Payments with Debt Securities
	 	 	85	 
	Section 14.03 Redemption of Debt Securities for Sinking Fund
	 	 	86	 
	ARTICLE XV [INTENTIONALLY OMITTED]
	 	 	87	 
	ARTICLE XVI SUBORDINATION
	 	 	87	 
	Section 16.01 Agreement to Subordinate
	 	 	87	 
	Section 16.02 Distribution on Dissolution, Liquidation and Reorganization;
Subrogation of Debt Securities
	 	 	88	 
	Section 16.03 No Payment on Debt Securities in Event of Default on
Senior Indebtedness
	 	 	90	 
	Section 16.04 Payments on Debt Securities Permitted
	 	 	91	 
	Section 16.05 Authorization of Holders to Trustee to Effect Subordination
	 	 	91	 
	Section 16.06 Notices to Trustee
	 	 	91	 
	Section 16.07 Trustee as Holder of Senior Indebtedness
	 	 	92	 
	Section 16.08 Modifications of Terms of Senior Indebtedness
	 	 	92	 

 

 

	 	 	 	 	 
	 	 	Page	 
	Section 16.09 Reliance on Judicial Order or Certificate of Liquidating Agent
	 	 	92	 
	Section 16.10 Article Sixteen Not to Prevent Events of Default
	 	 	93	 
	Section 16.11 Payment of Proceeds in Certain Cases
	 	 	93	 

 

 

     INDENTURE
dated as of _ ___, 200___, between VINEYARD NATIONAL BANCORP, a California
corporation (hereinafter called the “Company”), having its principal executive office at 9590
Foothill Boulevard, Rancho Cucamonga, California 91730, and WILMINGTON TRUST COMPANY, a Delaware
banking corporation, as trustee (hereinafter called the “Trustee”), having its Corporate Trust
Office at Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890.

RECITALS OF THE COMPANY

     The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its unsecured and subordinated debentures, notes, bonds or other
evidences of indebtedness (herein generally called the “Debt Securities”), to be issued in one or
more series, as provided in this Indenture.

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

     For and in consideration of the premises and the purchase of Debt Securities by the Holders
thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all
Holders of Debt Securities or of Debt Securities of any series, as follows:

ARTICLE I

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

Section 1.01 Definitions.

     For all purposes of this Indenture, except as otherwise expressly provided or unless the
context otherwise requires:

     (1) the terms defined in this Article have the meanings assigned to them in this Article, and
include the plural as well as the singular;

     (2) all other terms used herein which are defined in the Trust Indenture Act, either directly
or by reference therein, have the meanings assigned to them therein;

     (3) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles, and, except as otherwise herein expressly
provided, the term “generally accepted accounting principles” with respect to any computation
required or permitted hereunder shall mean such accounting principles as are generally accepted in
the United States of America at the date of such computation; and

     (4) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section or other subdivision.

     Certain terms, used principally in Article Three or Article Six, are defined in those
respective Articles.

1

 

     “Act” when used with respect to any Holder, has the meaning specified in Section 8.01.

     “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.

     “Affiliated Corporation” means any corporation which is controlled by the Company but which is
not a Subsidiary of the Company pursuant to the definition of the term “Subsidiary.”

     “Authenticating Agent” has the meaning specified in Section 6.14.

     “Authorized Newspaper” means a newspaper or financial journal in an official language of the
country of publication customarily published at least once a day, and customarily published for at
least five days in each calendar week, and of general circulation in the place in connection with
which the term is used or in the financial community of such place. Where successive publications
are required to be made in Authorized Newspapers, the successive publications may be made in the
same or in different newspapers in the same city meeting the foregoing requirements and in each
case on any Business Day in such city.

     “Bearer Security” means any Debt Security (with or without Coupons), in the form established
pursuant to Section 2.01, which is payable to bearer (including any Global Note payable to bearer)
and title to which passes by delivery only, but does not include any Coupons.

     “Board of Directors” means either the board of directors of the Company, or any committee of
that board duly authorized to act hereunder or any director or directors and/or officer or officers
of the Company to whom that board or committee shall have delegated its authority.

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

     “Business Day” when used with respect to any Place of Payment or any other particular location
referred to in this Indenture or in the Debt Securities means any day which is not a Saturday, a
Sunday or a legal holiday or a day on which banking institutions or trust companies in that Place
of Payment or other location are authorized or obligated by law to close, except as otherwise
specified pursuant to Section 3.01.

     “Code” means the Internal Revenue Code of 1986, as amended and as in effect on the date
hereof.

     “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Securities Exchange Act of 1934, as amended, or if at any time after the
execution of this instrument such Commission is not existing and performing the duties

2

 

now assigned to it under the Trust Indenture Act, then the body performing such duties on such
date.

     “Common Depositary” has the meaning specified in Section 3.04(b).

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

     “Company Request” and “Company Order” mean, respectively, a written request or order signed in
the name of the Company by its Chairman, its President, its Chief Financial Officer or an Executive
Vice President, and by its Treasurer, its Chief Accounting Officer, its Controller, an Assistant
Treasurer, its Secretary or an Assistant Secretary of the Company, and delivered to the Trustee.

     “Component Currency” has the meaning specified in Section 3.10(i).

     “Conversion Date” has the meaning specified in Section 3.10(e).

     “Conversion Event” means the cessation of use of (i) a Foreign Currency both by the government
of the country which issued such Currency and for the settlement of transactions by public
institutions of or within the international banking community, or (ii) any Currency Unit for the
purposes for which it was established.

     “Corporate Trust Office” means the principal corporate trust office of the Trustee at which at
any particular time its corporate trust business shall be administered, which office at the date of
execution of this instrument is located at Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890.

     “Corporation” or “corporation” includes corporations, associations, companies (including joint
stock companies and limited liability companies) and business trusts.

     “Coupon” means any interest coupon appertaining to any Debt Security.

     “Coupon Security” means any Bearer Security authenticated and delivered with one or more
Coupons appertaining thereto.

     “Currency” means Dollars or Foreign Currency or Currency Unit.

     “Currency Determination Agent” means the New York Clearing House bank, if any, from time to
time selected by the Company pursuant to Section 3.01; provided that such agent shall accept such
appointment in writing and the terms of such appointment shall be acceptable to the Company and
shall, in the opinion of the Company and the Trustee at the time of such appointment, require such
agent to make the determinations required by this Indenture by a method consistent with the method
provided in this Indenture for the making of such decision or determination.

3

 

     “Currency Unit” means a composite currency or currency unit the value of which is determined
by reference to the value of the currencies of any group of countries.

     “Debt Securities” has the meaning stated in the first recital of this Indenture and more
particularly means any Debt Securities (including any Global Notes) authenticated and delivered
under this Indenture.

     “Defaulted Interest” has the meaning specified in Section 3.07.

     “Discount Security” means any Debt Security which is issued with “original issue discount”
within the meaning of Section 1273(a) of the Code and the regulations thereunder.

     “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United
States as at the time of payment is legal tender for the payment of public and private debts.

     “Dollar Equivalent of the Currency Unit” has the meaning specified in Section 3.10(h).

     “Dollar Equivalent of the Foreign Currency” has the meaning specified in Section 3.10(g).

     “Election Date” has the meaning specified in Section 3.10(i).

     “Entitled Persons” means any person entitled to payment pursuant to the terms of Other
Financial Obligations.

     “Euroclear Operator” means the operator of the Euroclear System.

     “Event of Default” has the meaning specified in Section 5.01.

     “Excess Proceeds” has the meaning specified in Section 16.11(a).

     “Exchange Date” has the meaning specified in Section 3.04(b).

     “Exchange Rate Officer’s Certificate” means a telex or a certificate setting forth (i) the
applicable Market Exchange Rate and (ii) the Dollar, Foreign Currency or Currency Unit amounts of
principal, premium, if any, and any interest respectively (on an aggregate basis and on the basis
of a Debt Security having the lowest denomination principal amount determined in accordance with
Section 3.02 in the relevant Currency or Currency Unit), payable on the basis of such Market

     Exchange Rate sent (in the case of a telex) or signed (in the case of a certificate) by the
Treasurer or any Assistant Treasurer of the Company.

     “Fixed Rate Security” means a Debt Security which provides for the payment of interest at a
fixed rate.

4

 

     “Floating Rate Security” means a Debt Security which provides for the payment of interest at a
variable rate determined periodically by reference to an interest rate index or any other index
specified pursuant to Section 3.01.

     “Foreign Currency” means a currency issued by the government of any country other than the
United States.

     “Global Note” means a Registered or Bearer Security evidencing all or part of a series of Debt
Securities, including, without limitation, any temporary or permanent Global Note.

     “Holder” means, with respect to a Registered Security, the Registered Holder, and with respect
to a Bearer Security or a Coupon, the bearer thereof.

     “Indebtedness” means (1) any obligation of a Person for (a) the repayment of borrowed money,
whether or not evidenced by bonds, debentures, notes or other written instruments or for the
payment of the deferred purchase price of property or assets (other than Trade Payables), or (b)
for the payment of money relating to a lease that is required to be classified as a capitalized
lease obligation in accordance with generally accepted accounting principles;

     (2) any liability of others described in the preceding clause (1) that the Person has
guaranteed, that is recourse to such Person or that is otherwise its legal liability; and (3) any
amendment, supplement, modification, deferral, renewal, extension or refunding of any liability of
the types referred to in clauses (1) and (2) above.

     “Indebtedness Ranking on a Parity with the Debt Securities” means all Indebtedness of the
Company, whether outstanding on the date of the execution of this Indenture or thereafter created,
assumed or incurred, which specifically by its terms ranks equally with and not prior to the Debt
Securities in right of payment.

     “Indebtedness Ranking Junior to the Debt Securities” means all Indebtedness of the Company,
whether outstanding on the date of the execution of this Indenture or thereafter created, assumed
or incurred, which specifically by its terms ranks junior to and not equally with or prior to the
Debt Securities in right of payment.

     “Indenture” means this instrument as originally executed, or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
applicable provisions hereof and, unless the context otherwise requires, shall include the terms of
a particular series of Debt Securities as established pursuant to Section 3.01.

     The term “interest,” when used with respect to a Discount Security which by its terms bears
interest only after Maturity, means interest payable after Maturity, and, when used with respect to
a Bearer Security, includes any additional amounts payable on such Bearer Security, if so provided
pursuant to Section 3.01.

     “Interest Payment Date” with respect to any Debt Security means the Stated Maturity of an
installment of interest on such Debt Security.

5

 

     “Market Exchange Rate” means (i) for any conversion involving a Currency Unit on the one hand
and Dollars or any Foreign Currency on the other, the exchange rate between the relevant Currency
Unit and Dollars or such Foreign Currency calculated for noon, New York time, on the Valuation Date
by the method specified pursuant to Section 3.01 for the securities of the relevant series, (ii)
for any conversion of Dollars into any Foreign Currency, the noon (New York time) buying rate for
such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes
by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into
Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at
which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which
conversion is being made could be purchased with the Foreign Currency from which conversion is
being made from major banks located in either New York City, London or any other principal market
for Dollars or such purchased Foreign Currency. In the event of the unavailability of any of the
exchange rates provided for in the foregoing clauses (i), (ii) and (iii) the Company, shall use, in
its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank
of New York as of the most recent available date, or quotations from one or more major banks in New
York City, London or other principal market for such Currency or Currency Unit in question, or such
other quotations as the Company shall deem appropriate, in its sole discretion and without
liability on its part. Unless otherwise specified by the Currency Determination Agent, if there is
more than one market for dealing in any Currency or Currency Unit by reason of foreign exchange
regulations or otherwise, the market to be used in respect of such Currency or Currency Unit shall
be that, as determined by the Currency Determination Agent, in its sole discretion and without
liability on its part, upon which a nonresident issuer of securities designated in such Currency or
Currency Unit would purchase such Currency or Currency Unit in order to make payments in respect of
such securities.

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

     “Officers’ Certificate” means a certificate signed by the Chairman, the President, the Chief
Financial Officer or an Executive Vice President, and by the Treasurer, the Chief Accounting
Officer, the Controller or the Secretary of the Company and delivered to the Trustee.

     “Opinion of Counsel” means a written opinion of counsel, who may be counsel to the Company
(including an employee of the Company) and who shall be satisfactory to the Trustee, which is
delivered to the Trustee.

     “Other Financial Obligations” means, unless otherwise determined with respect to any series of
Debt Securities pursuant to Section 3.01, all obligations to make payment pursuant to the terms of
financial instruments, such as (i) securities contracts and currency and foreign exchange rate
contracts, (ii) derivative instruments, such as swap agreements (including interest rate and
currency and foreign exchange rate swap agreements), cap agreements, floor agreements, collar
agreements, interest rate agreements, foreign exchange agreements, options, commodity futures
contracts, commodity options contracts and (iii) similar financial instruments; provided that the
term Other Financial Obligations shall not include (A) obligations on account

6

 

of Senior Indebtedness and (B) obligations on account of Indebtedness Ranking on a Parity with
the Debt Securities and Indebtedness Ranking Junior to the Debt Securities.

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

          (i) Debt Securities theretofore canceled by the Trustee or delivered to the Trustee for
cancellation;

          (ii) Debt Securities with respect to which 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 Debt Securities and any Coupons thereto
pertaining; provided, however, that if such Debt Securities 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

          (iii) Debt Securities which have been paid pursuant to Section 3.06 or in exchange for
or in lieu of which other Debt Securities have been authenticated and delivered pursuant to
this Indenture, other than any such Debt Securities in respect of which there shall have
been presented to the Trustee proof reasonably satisfactory to it that such Debt Securities
are held by a bona fide purchaser in whose hands such Debt Securities are valid obligations
of the Company;

provided, however, that in determining whether the Holders of the requisite principal amount of
Debt Securities Outstanding have performed any Act hereunder, Debt Securities owned by the Company
or any other obligor upon the Debt Securities or any Affiliate of the Company or of 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 Act, only Debt Securities which the Trustee
knows to be so owned shall be so disregarded. Debt 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 to act with respect to such Debt Securities and that the pledgee is not
the Company or any other obligor upon the Debt Securities or any Affiliate of the Company or of
such other obligor. In determining whether the Holders of the requisite principal amount of
Outstanding Debt Securities have performed any Act hereunder, the principal amount of a Discount
Security that shall be deemed to be Outstanding for such purpose shall be the amount of the
principal thereof that would be due and payable as of the date of such determination upon a
declaration of acceleration of the Maturity thereof pursuant to Section 5.02 and the principal
amount of a Debt Security denominated in a Foreign Currency that shall be deemed to be Outstanding
for such purpose shall be the amount calculated pursuant to Section 3.10(k).

     “Overdue Rate,” when used with respect to any series of the Debt Securities, means the rate
designated as such in or pursuant to the Board Resolution or the supplemental indenture, as the
case may be, relating to such series as contemplated by Section 3.01.

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

     “Permanent Global Note” shall have the meaning given such term in Section 3.04(b).

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

     “Place of Payment” when used with respect to the Debt Securities of any series means the place
or places where the principal of (and premium, if any) and interest on the Debt Securities of that
series are payable as specified pursuant to Section 3.01.

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

     “Redemption Date” means the date fixed for redemption of any Debt Security pursuant to this
Indenture.

     “Redemption Price” means, in the case of a Discount Security, the amount of the principal
thereof that would be due and payable as of the Redemption Date upon a declaration of acceleration
of the Maturity thereof pursuant to Section 5.02 or any other redemption specified pursuant to
Section 3.01, and in the case of any other Debt Security, the principal amount thereof, plus, in
each case, premium, if any, and accrued and unpaid interest, if any, to the Redemption Date.

     “Registered Holder” means the Person in whose name a Registered Security is registered in the
Security Register.

     “Registered Security” means any Debt Security in the form established pursuant to Section 2.01
which is registered as to principal and interest in the Security Register.

     “Regular Record Date” for the interest payable on the Registered Securities of any series on
any Interest Payment Date means the date specified for the purpose pursuant to Section 3.01 for
such Interest Payment Date.

     “Responsible Officer” means when used with respect to the Trustee any officer within the
Corporate Trust Office including any Vice President, Managing Director, Assistant Vice President,
Secretary, Assistant Secretary, Treasurer or Assistant Treasurer, any Financial Services Officer or
any other officer of the Trustee customarily performing functions similar to those performed by any
of the above designated officers and also, with respect to a particular matter, any other officer
to whom such matter is referred because of such officer’s knowledge and familiarity with the
particular subject.

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     “Security Register” and “Security Registrar” have the respective meanings specified in Section
3.05(a).

     “Senior Indebtedness” means, unless otherwise determined with respect to any series of Debt
Securities pursuant to Section 3.01, all Indebtedness of the Company, whether outstanding on the
date of the execution of this Indenture or thereafter created, assumed or incurred except for (i)
the Debt Securities, (ii) Indebtedness Ranking on a Parity with the Debt Securities and (iii)
Indebtedness Ranking Junior to the Debt Securities.

     “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 3.07.

     “Specified Amount” has the meaning specified in Section 3.10(i).

     “State” means any of the various States of the United States of America.

     “Stated Maturity” when used with respect to any Debt Security or any installment of principal
thereof or premium thereon or interest thereon means the date specified in such Debt Security or
the Coupon, if any, representing such installment of interest, as the date on which the principal
of such Debt Security or such installment of principal, premium or interest is due and payable.

     “Subsidiary” means any Corporation of which at least a majority of the outstanding stock
having by the terms thereof ordinary voting power to elect a majority of the directors of such
Corporation, irrespective of whether or not, at the time, stock of any other class or classes of
such Corporation shall have or might have voting power by reason of the happening of any
contingency, is at the time, directly or indirectly, owned or controlled by the Company or by one
or more Subsidiaries thereof, or by the Company and one or more Subsidiaries thereof.

     “Temporary Global Note” shall have the meaning given such term in Section 3.04(b).

     “Trade Payables” means accounts payable or any other indebtedness or monetary obligations to
trade creditors created or assumed in the ordinary course of business in connection with the
obtaining of materials or services.

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

     “Trust Indenture Act” 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 11.05.

     “United States” means the United States of America (including the States and the District of
Columbia), and its possessions, which include the Commonwealth of Puerto Rico, the U.S. Virgin
Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

9

 

     “U.S. Depositary” means a clearing agency registered under the Securities Exchange Act of
1934, as amended, or any successor thereto, which shall in either case be designated by the Company
pursuant to Section 3.01 until a successor U.S. Depositary shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter “U.S. Depositary” shall mean or include
each Person who is then a U.S. Depositary hereunder, and if at any time there is more than one such
Person, “U.S. Depositary” as used with respect to the Debt Securities of any series shall mean the
U.S. Depositary with respect to the Debt Securities of that series.

     “U.S. Person” means a citizen or resident of the United States, a Corporation, partnership or
other entity created or organized in or under the laws of the United States, or an estate or trust
the income of which is subject to United States Federal income taxation regardless of its source.

     “Valuation Date” has the meaning specified in Section 3.10(d).

     “Vice President” includes with respect to the Company and the Trustee, any Vice President of
the Company or the Trustee, as the case may be, whether or not designated by a number or word or
words added before or after the title “Vice President.”

     “Wholly-Owned Subsidiary” means a Subsidiary of which all of the outstanding voting stock
(other than directors’ qualifying shares) is at the time, directly or indirectly, owned by the
Company, or by one or more Wholly-Owned Subsidiaries of the Company or by the Company and one or
more Wholly-Owned Subsidiaries of the Company.

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 Officers’ Certificate
stating that all conditions 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 required by any provision of this Indenture relating to such particular application or
request, no additional certificate or opinion need be furnished.

     Every Officers’ Certificate or Opinion of Counsel with respect to compliance with a condition
or covenant provided for in this Indenture (other than certificates provided pursuant to Section
12.02) shall include:

     (1) a statement that each individual signing such Certificate or Opinion of Counsel has read
such covenant or condition and the definitions herein relating thereto;

     (2) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such Officers’ Certificate or Opinion of Counsel are
based;

     (3) 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

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     (4) 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.

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

Section 1.04 Notices, etc., to Trustee and Company.

     Any Act of Holders or other document provided or permitted by this Indenture to be made upon,
given or furnished to, or filed with,

     (1) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if made, given, furnished or filed in
writing to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust
Administration.

     (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first class
postage prepaid or airmail postage prepaid if sent from outside the United States, to the Company
addressed to it at the address of its principal office specified in the first paragraph of this
Indenture, to the attention of its Treasurer, or at any other address previously furnished in
writing to the Trustee by the Company.

     Any such Act or other document shall be in the English language, except that any published
notice may be in an official language of the country of publication.

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Section 1.05 Notice to Holders; Waiver.

     When this Indenture provides for notice to Holders of any event, (1) such notice shall be
sufficiently given to Registered Holders (unless otherwise herein expressly provided) if in writing
and mailed, first class postage prepaid, to such Registered Holders as their names and addresses
appear in the Security Register, within the time prescribed, and (2) such notice shall be
sufficiently given to Holders of Bearer Securities or Coupons (unless otherwise herein expressly
provided) if published at least twice in an Authorized Newspaper or Newspapers in The City of New
York and, if Debt Securities of such series are then listed on any stock exchange located outside
the United States and such stock exchange shall so require, in a daily newspaper or financial
journal in such other city or cities specified pursuant to Section 3.01 or in any Debt Security on
Business Days, the first such publication to be not earlier than the earliest date and not later
than two Business Days prior to the latest date prescribed for the giving of such notice; provided,
however, that, in any case, any notice to Holders of Floating Rate Securities regarding the
determination of a periodic rate of interest, if such notice is required pursuant to Section 3.01,
shall be sufficiently given if given in the manner specified pursuant to Section 3.01.

     In the event of suspension of regular mail service or by reason of any other cause it shall be
impracticable to give notice by mail, such notification as shall be given with the approval of the
Trustee shall constitute sufficient notice for every purpose hereunder.

     In the event of suspension of publication of any Authorized Newspapers or by reason of any
other cause it shall be impracticable to give notice by publication, such notification as shall be
given with the approval of the Trustee shall constitute sufficient notice for every purpose
hereunder.

     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 on such waiver. 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, and any notice which is mailed in the
manner herein provided shall be conclusively presumed to have been duly given. In any case where
notice to Holders is given by publication, any defect in any notice so published as to any
particular Holder shall not affect the sufficiency of such notice with respect to other Holders,
and any notice which is published in the manner herein provided shall be conclusively presumed to
have been duly given.

Section 1.06 Conflict with Trust Indenture Act. 

     If any provision hereof limits, qualifies or conflicts with the duties imposed on any person
by the provisions of Sections 310 to 317, inclusive, of the Trust Indenture Act, such duties
imposed by the Trust Indenture Act shall control.

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Section 1.07 Effect of Headings and Table of Contents. 

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

Section 1.08 Successors and Assigns.

     All covenants and agreements in this Indenture by the parties hereto shall bind their
respective successors and assigns and inure to the benefit of their permitted successors and
assigns, whether so expressed or not.

Section 1.09 Separability Clause.

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

Section 1.10 Benefits of Indenture. 

     Nothing in this Indenture or in the Debt Securities, express or implied, shall give to any
Person, other than the parties hereto, any Security Registrar, any Paying Agent and their
successors hereunder, and the Holders, any benefit or any legal or equitable right, remedy or claim
under this Indenture.

Section 1.11 Governing Law.

     This Indenture, the Debt Securities and the Coupons shall be deemed to be contracts made and
to be performed entirely in the State of New York, and for all purposes shall be governed by and
construed in accordance with the laws of said State without regard to the conflicts of law rules of
said State.

Section 1.12 Legal Holidays.

     Unless otherwise specified pursuant to Section 3.01 or in any Debt Security, in any case where
any Interest Payment Date, Redemption Date or Stated Maturity of any Debt Security of any series
shall not be a Business Day at any Place of Payment for the Debt Securities of that series, then
(notwithstanding any other provision of this Indenture or of the Debt Securities or Coupons)
payment of principal (and premium, if any) or interest need not be made at such Place of Payment on
such date, but any such payment may be made at such Place of Payment on the next succeeding
Business Day with the same force and effect as if made on the Interest Payment Date, Redemption
Date or at the Stated Maturity, and no interest shall accrue on the amount so payable for the
period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case
may be, to such Business Day if such payment is made or duly provided for on such Business Day.

13

 

Section 1.13 No Security Interest Created. 

     Nothing in this Indenture or in the Debt Securities or Coupons, express or implied, shall be
construed to constitute a security interest or mortgage or other pledge of collateral under the
Uniform Commercial Code or similar legislation or real property laws, as now or hereafter enacted
and in effect in any jurisdiction where property of the Company or its Subsidiaries is or may be
located.

Section 1.14 Liability Solely Corporate. 

     No recourse shall be had for the payment of the principal of (or premium, if any) or the
interest on any Debt Securities or Coupons, or any part thereof, or of the indebtedness represented
thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator,
or against any stockholder, officer or director, as such, past, present or future, of the Company
(or any incorporator, stockholder, officer or director of any predecessor or successor
corporation), either directly or through the Company (or any such predecessor or 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 Debt Securities and Coupons are solely corporate obligations, and that no
personal liability whatsoever shall attach to, or be incurred by, any such incorporator,
stockholder, officer or director, past, present or future, of the Company (or any incorporator,
stockholder, officer or director of any such predecessor or successor corporation), either directly
or indirectly through the Company or any such predecessor or successor corporation, because of the
indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises
or agreements contained in this Indenture or in any of the Debt Securities or Coupons or to be
implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and
released as a condition of, and as part of the consideration for, the execution of this Indenture
and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities
or Coupons contained shall be taken to prevent recourse to and the enforcement of the liability, if
any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital
stock not fully paid.

ARTICLE II

DEBT SECURITY FORMS

Section 2.01 Forms Generally.

     The Debt Securities and the Coupons, if any, of each series shall be substantially in one of
the forms (including global form) established in or pursuant to a Board Resolution or one or more
indentures supplemental hereto, and shall have such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have
such letters, numbers or other marks of identification or designation and such legends or
endorsements placed thereon as the Company may deem appropriate and as are not inconsistent with
the provisions of this Indenture, or as may be required to comply with any law or with any rule or
regulation made pursuant thereto or with any rule or regulation of any securities exchange on which
any series of the Debt Securities may be listed, or to conform to usage, all as

14

 

determined by the officers executing such Debt Securities and Coupons as conclusively
evidenced by their execution of such Debt Securities and Coupons. If the form of a series of Debt
Securities or Coupons (or any Global Note) is established in or pursuant to a Board Resolution, a
copy of such Board Resolution shall be delivered to the Trustee, together with an Officers’
Certificate setting forth the form of such series, at or prior to the delivery of the Company Order
contemplated by Section 3.03 for the authentication and delivery of such Debt Securities (or any
such Global Note) or Coupons.

     Unless otherwise specified as contemplated by Section 3.01, Debt Securities in bearer form
(other than in global form) shall have Coupons attached.

     The definitive Debt Securities and Coupons, if any, 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 Debt
Securities and Coupons, as conclusively evidenced by their execution of such Debt Securities and
Coupons.

Section 2.02 Form of Trustee’s Certificate of Authentication. 

     The form of the Trustee’s certificate of authentication to be borne by the Debt Securities
shall be substantially as follows:

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Debt Securities of the series designated therein issued under the
within-mentioned Indenture.

	 	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY, 
as Trustee
	 
	 	 	 	 
	Dated:

	 	By:	 	 
	 	 	 	 	 
	 

	 	 	 	Authorized Signatory

Section 2.03 Securities in Global Form.

     If any Debt Security of a series is issuable in global form, the Global Note so issued may
provide that it shall represent the aggregate amount of Outstanding Debt Securities from time to
time endorsed thereon and may also provide that the aggregate amount of Outstanding Debt Securities
represented thereby may from time to time be reduced or increased to reflect exchanges. Any
endorsement of a Global Note to reflect the amount, or any increase or decrease in the amount, of
Outstanding Debt Securities represented thereby shall be made by the Trustee and in such manner as
shall be specified in such Global Note. Any instructions by the Company with respect to a Global
Note, after its initial issuance, shall be in writing but need not comply with Section 1.02.

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     Global Notes may be issued in either registered or bearer form and in either temporary or
permanent form. Permanent Global Notes will be issued in definitive form.

ARTICLE III

THE DEBT SECURITIES

Section 3.01 Amount Unlimited; Issuable in Series.

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

     The Debt Securities may be issued from time to time in one or more series. There shall be
established in or pursuant to a Board Resolution and (subject to Section 3.03) set forth in an
Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the
issuance of Debt Securities of any series:

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

     (2) the limit, if any, upon the aggregate principal amount of the Debt Securities of the
series which may be authenticated and delivered under this Indenture (except for Debt Securities
authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other Debt
Securities of such series pursuant to Sections 3.04, 3.05, 3.06, 11.06 or 13.07);

     (3) the percentage of the principal amount at which the Debt Securities will be issued and, if
other than the principal amount thereof, the portion of the principal amount thereof payable upon
declaration of acceleration of the Maturity thereof or the method by which such portion shall be
determined;

     (4) the date or dates on which or periods during which the Debt Securities of the series may
be issued, and the date or dates (or the method of determination thereof) on which the principal of
(and premium, if any, on) the Debt Securities of such series are or may be payable (which, if so
provided in such Board Resolution or supplemental indenture, may be determined by the Company from
time to time and set forth in the Debt Securities of the series issued from time to time);

     (5) the rate or rates (or the method of determination thereof) at which the Debt Securities of
the series shall bear interest, if any, and the dates from which such interest shall accrue (which,
in either case or both, if so provided in such Board Resolution or supplemental indenture, may be
determined by the Company from time to time and set forth in the Debt Securities of the series
issued from time to time); and the Interest Payment Dates on which such interest shall be payable
(or the method of determination thereof), and, in the case of Registered Securities, the Regular
Record Dates for the interest payable on such Interest Payment Dates and, in the case of Floating
Rate Securities, the notice, if any, to Holders regarding the determination of interest and the
manner of giving such notice;

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     (6) the place or places where the principal of (and premium, if any) and interest on Debt
Securities of the series shall be payable; the extent to which, or the manner in which, any
interest payable on any Global Note on an Interest Payment Date will be paid, if other than in the
manner provided in Section 3.07; the extent, if any, to which the provisions of the last sentence
of Section 12.01 shall apply to the Debt Securities of the series; and the manner in which any
principal of, or premium, if any, on, any Global Note will be paid, if other than as set forth
elsewhere herein;

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

     (8) the right, if any, of the Company to redeem the Securities of such series, in whole or in
part, at its option and the period or periods within which, or the date or dates on which, the
price or prices at which, and the terms and conditions upon which Debt Securities of the series may
be redeemed, if any, in whole or in part, at the option of the Company or otherwise;

     (9) if the coin or Currency in which the Debt Securities shall be issuable is in Dollars, the
denominations of such Debt Securities if other than denominations of $1,000 and any integral
multiple thereof (except as provided in Section 3.04);

     (10) whether the Debt Securities of the series are to be issued as Discount Securities and the
amount of discount with which such Debt Securities may be issued and, if other than the principal
amount thereof, the portion of the principal amount of Debt Securities of the series which shall be
payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02;

     (11) provisions, if any, for the defeasance of the Debt Securities of such series or certain
of the Company’s obligations with respect to the Debt Securities;

     (12) whether Debt Securities of the series are to be issued as Registered Securities or Bearer
Securities or both, and, if Bearer Securities are issued, whether Coupons will be attached thereto,
whether Bearer Securities of the series may be exchanged for Registered Securities of the series,
as provided in Section 3.05(b) or otherwise and the circumstances under which and the place or
places at which any such exchanges, if permitted, may be made;

     (13) whether provisions for payment of additional amounts or tax redemptions shall apply and,
if such provisions shall apply, such provisions; and, if Bearer Securities of the series are to be
issued, whether a procedure other than that set forth in Section 3.04(b) shall apply and, if so,
such other procedure, and if the procedure set forth in Section 3.04(b) shall apply, the forms of
certifications to be delivered under such procedure;

     (14) if other than Dollars, the Foreign Currency or Currencies or Currency Unit in which Debt
Securities of the series shall be denominated or in which payment of the principal of (and/or
premium, if any) and/or interest on the Debt Securities of the series may be made, and the
particular provisions applicable thereto and, if applicable, the amount of Debt Securities of

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the series which entitles the Holder of a Debt Security of the series or its proxy to one vote
for purposes of Section 9.06;

     (15) if the principal of (and premium, if any) or interest on Debt Securities of the series
are to be payable, at the election of the Company or a Holder thereof, in a Currency other than
that in which the Debt Securities are denominated or payable without such election, in addition to
or in lieu of the provisions of Section 3.10, the period or periods within which and the terms and
conditions upon which, such election may be made and the time and the manner of determining the
exchange rate or rates between the Currency or Currencies in which the Debt Securities are
denominated or payable without such election and the Currency or Currencies in which the Debt
Securities are to be paid if such election is made;

     (16) the date as of which any Debt Securities of the series shall be dated, if other than as
set forth in Section 3.03;

     (17) if the amount of payments of principal of (and premium, if any) or interest on the Debt
Securities of the series may be determined with reference to an index, including, but not limited
to, an index based on a Currency or Currencies other than that in which the Debt Securities are
denominated or payable, or any other type of index, the manner in which such amounts shall be
determined;

     (18) if the Debt Securities of the series are denominated or payable in a Foreign Currency,
any other terms concerning the payment of principal of (and premium, if any) or any interest on
such Debt Securities (including the Currency or Currencies of payment thereof);

     (19) the designation of the original Currency Determination Agent, if any;

     (20) the applicable Overdue Rate, if any;

     (21) if the Debt Securities of the series do not bear interest, the applicable dates for
purposes of Section 7.01;

     (22) any addition to, or modification or deletion of, any Events of Default or covenants
provided for with respect to Debt Securities of the series;

     (23) if Bearer Securities of the series are to be issued, (x) whether interest in respect of
any portion of a temporary Debt Security in global form (representing all of the Outstanding Bearer
Securities of the series) payable in respect of any Interest Payment Date prior to the exchange of
such temporary Debt Security for definitive Debt Securities of the series shall be paid to any
clearing organization with respect to the portion of such temporary Debt Security held for its
account and, in such event, the terms and conditions (including any certification requirements)
upon which any such interest payment received by a clearing organization will be credited to the
Persons entitled to interest payable on such Interest Payment Date, (y) the terms upon which
interests in such temporary Debt Security in global form may be exchanged for interests in a
permanent Global Note or for definitive Debt Securities of the series and the terms upon which
interests in a permanent Global Note, if any, may be exchanged for definitive Debt Securities of
the series and (z) the cities in which the Authorized Newspapers designated for the purposes of
giving notices to Holders are published;

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     (24) whether the Debt Securities of the series shall be issued in whole or in part in the form
of one or more Global Notes and, in such case, the U.S. Depositary or any Common Depositary for
such Global Note or Notes; and if the Debt Securities of the series are issuable only as Registered
Securities, the manner in which and the circumstances under which Global Notes representing Debt
Securities of the series may be exchanged for Registered Securities in definitive form, if other
than, or in addition to, the manner and circumstances specified in Section 3.04(c);

     (25) the designation, if any, of the U.S. Depositary; and the designation of any trustees
(other than the Trustee), depositaries, Authenticating Agents, Paying Agents, Security Registrars,
or any other agents with respect to the Debt Securities of such series;

     (26) if the Debt Securities of such series are to be issuable in definitive form (whether upon
original issuance or upon exchange of a temporary Debt Security of such series) only upon receipt
of certain certificates or other documents or satisfaction of other conditions, the form and terms
of such certificates, documents or conditions;

     (27) if other than as specified in Article Sixteen, the subordination provisions applicable
with respect to the Debt Securities of the series, including a different definition of the terms
“Senior Indebtedness” or “Other Financial Obligations”; and

     (28) any other terms of the series (which other terms shall not be inconsistent with the
provisions of this Indenture).

     All Debt Securities of any one series and Coupons, if any, shall be substantially identical to
all other debt securities of such series except as to denomination, rate of interest, Stated
Maturity and the date from which interest, if any, shall accrue, which, as set forth above, may be
determined by the Company from time to time as to Debt Securities of a series if so provided in or
established pursuant to the authority granted in a Board Resolution or in any such indenture
supplemental hereto, and except as may otherwise be provided in or pursuant to such Board
Resolution and (subject to Section 3.03) set forth in such Officers’ Certificate, or in any such
indenture supplemental hereto. All Debt Securities of any one series need not be issued at the same
time, and unless otherwise provided, a series may be reopened for issuance of additional Debt
Securities of such series.

     If any of the terms of a series of Debt Securities is established in or pursuant to a Board
Resolution, a copy of such Board Resolution shall be certified by the Secretary or an Assistant
Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’
Certificate setting forth the terms of the series.

Section 3.02 Denominations. 

     In the absence of any specification pursuant to Section 3.01 with respect to the Debt
Securities of any series, the Debt Securities of such series shall be issuable only as Registered
Securities in denominations of $1,000 and any integral multiple thereof and shall be payable only
in Dollars.

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Section 3.03 Execution, Authentication, Delivery and Dating.

     The Debt Securities and the Coupons, if any, of any series shall be executed on behalf of the
Company by its Chairman, its President, one of its Executive Vice Presidents, its Chief Accounting
Officer or its Treasurer, under its corporate seal reproduced thereon and attested by its Secretary
or one of its Assistant Secretaries. The signature of any of these officers may be manual or
facsimile.

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

     At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Debt Securities, with appropriate Coupons, if any, of any series, executed by
the Company, to the Trustee or an Authenticating Agent for authentication, together with a Company
Order for the authentication and delivery of such Debt Securities and Coupons and the Trustee or
Authenticating Agent in accordance with the Company Order shall authenticate and deliver such Debt
Securities and Coupons, subject, in the case of Bearer Securities, to Section 3.04(b); provided,
however, that, in connection with its sale during the “restricted period” (as defined in Section
1.1635(c)(2)(i)(D)(7) of the United States Treasury Regulations), no Bearer Security shall be
mailed or otherwise delivered to any location in the United States; and provided, further, that a
Bearer Security (other than a temporary Global Note in bearer form) may be delivered outside the
United States in connection with its original issuance only if the Person entitled to receive such
Bearer Security shall have furnished to the Euroclear Operator or to Cedelbank a certificate
substantially in the form set forth in Exhibit A to this Indenture and if the Euroclear Operator or
Cedelbank has furnished the Trustee or Authenticating Agent a certificate substantially in the form
set forth in Exhibit B. If all the Debt Securities of any one series are not to be issued at one
time and if a Board Resolution or supplemental indenture relating to such series shall so permit,
such Company Order may set forth procedures acceptable to the Trustee or Authenticating Agent for
the issuance of such Debt Securities and other matters which are subject to variation, such as
interest rate, Stated Maturity, date of issuance and date from which interest, if any, shall
accrue. If any Debt Security shall be represented by a permanent Global Note, then, for purposes of
this Section and Section 3.04, the notation by the Common Depositary of a beneficial owner’s
interest therein upon original issuance of such Debt Security or upon exchange of a portion of a
temporary Global Note shall be deemed to be delivery in connection with the original issuance of
such beneficial owner’s interest in such permanent Global Note. Except as permitted by Section 3.06
or 3.07, the Trustee shall not authenticate and deliver any Bearer Security unless all Coupons for
interest then matured have been detached and canceled.

     The Trustee or Authenticating Agent shall be entitled to receive, and (subject to Section
6.01) shall be fully protected in relying upon, prior to the authentication and delivery of the
Debt Securities and Coupons of such series, (i) the supplemental indenture or the Board Resolution
by or pursuant to which the form and terms of such Debt Securities and Coupons have been

20

 

approved, (ii) the certificates and opinions required pursuant to Section 1.02 and (iii) one
or more Opinions of Counsel substantially to the effect that:

     (1) all instruments furnished by the Company to the Trustee or Authenticating Agent in
connection with the authentication and delivery of such Debt Securities and Coupons conform to the
requirements of this Indenture and constitute sufficient authority hereunder for the Trustee or
Authenticating Agent to authenticate and deliver such Debt Securities and Coupons;

     (2) the forms and terms of such Debt Securities and Coupons have been established in
conformity with the provisions of this Indenture;

     (3) in the event that the forms or terms of such Debt Securities and Coupons have been
established in a supplemental indenture, the execution and delivery of such supplemental indenture
has been duly authorized by all necessary corporate action of the Company, such supplemental
indenture has been duly executed and delivered by the Company and, assuming due authorization,
execution and delivery by the Trustee or Authenticating Agent, is a valid and binding obligation
enforceable against the Company in accordance with its terms, subject to applicable bankruptcy,
insolvency and similar laws affecting creditors’ rights generally and subject, as to
enforceability, to general principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law);

     (4) the execution and delivery of such Debt Securities and Coupons have been duly authorized
by all necessary corporate action of the Company and such Debt Securities and Coupons have been
duly executed by the Company and, assuming due authentication by the Trustee or Authenticating
Agent and delivery by the Company, are valid and binding obligations of the Company enforceable
against the Company in accordance with their terms, entitled to the benefit of the Indenture,
subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally
and subject, as to enforceability, to general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law) and subject to such other exceptions as
counsel shall reasonably request and as to which the Trustee shall not reasonably object; and

     (5) to the best of such counsel’s knowledge, all governmental consents, authorizations and
approvals which are required for the execution and delivery of the Indenture and the Debt
Securities under all applicable Federal and State of New York laws, and any other applicable law,
if any, have been received other than such as may be required by the securities or blue sky laws of
the various states in connection with the offer and sale of the Debt Securities.

     Notwithstanding the provisions of Section 3.01 and of the preceding two paragraphs, if not all
of the Debt Securities of any series are to be issued at one time, it shall not be necessary to
deliver the Officers’ Certificate required by Section 3.01 or the Opinion of Counsel otherwise
required by clause (iii) of the preceding paragraph prior to or at the time of issuance of each
Debt Security of such series, but such documents shall be delivered prior to or at the time of
delivery of the first Debt Security of such series.

     For purposes of this opinion, such counsel may rely as to factual matters upon certificates or
written statements from officers or other appropriate representatives of the Company or upon

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certificates of public officials and such opinion may contain assumptions, limitations,
exceptions and restrictions which are reasonably satisfactory to the Trustee and its counsel.

     The Trustee shall not be required to authenticate such Debt Securities and Coupons if the
issuance of such Debt Securities and Coupons pursuant to this Indenture will affect the Trustee’s
own rights, duties or immunities under the Debt Securities and this Indenture in a manner which is
not reasonably acceptable to the Trustee.

     Each Registered Security shall be dated the date of its authentication. Each Bearer Security
(including any temporary or permanent or other definitive Bearer Security in global form) shall be
dated as of the date of original issuance of the first Debt Security of such series to be issued,
except as otherwise provided pursuant to Section 3.01 with respect to the Bearer Securities of any
series.

     No Debt Security shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Debt Security a certificate of
authentication substantially in one of the forms provided for herein duly executed by the Trustee
or by an Authenticating Agent, and such certificate upon any Debt Security shall be conclusive
evidence, and the only evidence, that such Debt Security has been duly authenticated and delivered
hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any
Debt Security shall have been duly authenticated and delivered hereunder but never issued and sold
by the Company, and the Company shall deliver such Debt Security to the Trustee for cancellation as
provided in Section 3.08 together with a written statement (which need not comply with Section
1.02) stating that such Debt Security has never been issued and sold by the Company, for all
purposes of this Indenture such Debt Security shall be deemed never to have been authenticated and
delivered hereunder and shall never be entitled to the benefits of this Indenture.

			
	Section 3.04	 	Temporary Debt Securities; Exchange of Temporary Global Notes for Definitive
Bearer Securities; Global Notes Representing Registered Securities.

     (a) Pending the preparation of definitive Registered Securities of any series, the Company may
execute, and upon Company Order the Trustee or Authenticating Agent shall authenticate and deliver,
temporary Registered Securities which are printed, lithographed, typewritten, mimeographed or
otherwise produced, in any authorized denomination for Registered Securities of such series,
substantially of the tenor of the definitive Registered Securities in lieu of which they are issued
and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Registered Securities may determine, as conclusively evidenced by their execution of
such Registered Securities. Every such temporary Registered Security shall be executed by the
Company and shall be authenticated and delivered by the Trustee upon the same conditions and in
substantially the same manner, and with the same effect, as the definitive Registered Securities in
lieu of which they are issued. In the case of any series issuable as Bearer Securities, such
temporary Debt Securities may be in global form, representing such of the Outstanding Debt
Securities of such series as shall be specified therein.

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     Except in the case of temporary Debt Securities in global form (which shall be exchanged in
accordance with the provisions of the following paragraphs), if temporary Debt Securities of any
series are issued, the Company will cause definitive Debt Securities of such series to be prepared
without unreasonable delay. After the preparation of definitive Debt Securities of such series, the
temporary Debt Securities of such series shall be exchangeable for definitive Debt Securities of
such series, of a like Stated Maturity and with like terms and provisions, upon surrender of the
temporary Debt Securities of such series at the office or agency of the Company in a Place of
Payment for such series, without charge to the Holder, except as provided in Section 3.05 in
connection with a transfer. Upon surrender for cancellation of any one or more temporary Debt
Securities of any series (accompanied by any unmatured Coupons), the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive
Debt Securities of the same series of authorized denominations and of a like Stated Maturity and
like terms and provisions; provided, however, that no definitive Bearer Security shall be delivered
in exchange for a temporary Registered Security; and provided, further, that a definitive Bearer
Security (including a permanent Bearer Security in global form) shall be delivered in exchange for
a temporary Bearer Security only in compliance with the conditions set forth in Section 3.03. Until
so exchanged, the temporary Registered Securities of any series shall in all respects be entitled
to the same benefits under this Indenture as definitive Registered Securities of such series.

     (b) Unless otherwise specified pursuant to Section 3.01, all Bearer Securities of a series
shall be initially issued in the form of a single temporary Bearer Security in global form (a
“temporary Global Note”). The Company shall execute, and upon Company Order the Trustee (or other
agent specified under Section 3.01) shall authenticate, any temporary Global Note and any permanent
Bearer Security in global form (as described below, a “permanent Global Note”) upon the same
conditions and in substantially the same manner, and with the same effect, as definitive Bearer
Securities, and the temporary or permanent Global Note, as the case may be, shall, unless otherwise
specified therein, be delivered by the Trustee (or such other agent) to the London office of a
depositary or common depositary (the “Common Depositary”), for the benefit of the Euroclear
Operator or Cedelbank, as the case may be, for credit to the account of the Company (in the case of
sales of Bearer Securities by the Company directly to investors) or the managing underwriter (in
the case of sales of Bearer Securities by the Company to underwriters) or such other accounts as
the Company or the managing underwriter, respectively, may direct in writing.

     On or after the date specified in or determined pursuant to the terms of any temporary Global
Note which (subject to any applicable laws and regulations) shall be at least 40 days after the
issue date of a temporary Global Note (the “Exchange Date”), the Debt Securities represented by
such temporary Global Note may be exchanged for definitive Debt Securities (subject to the second
succeeding paragraph) or Debt Securities to be represented thereafter by one or more permanent
Global Notes in definitive form without Coupons. On or after the Exchange Date such temporary
Global Note shall be surrendered by the Common Depositary to the Trustee (or such other agent as is
specified for the purpose pursuant to Section 3.01), as the Company’s agent for such purpose, at
such place specified outside the United States pursuant to Section 3.01 and following such
surrender, the Trustee (or such other agent) shall (1) endorse the temporary Global Note to reflect
the reduction of its principal amount by an equal aggregate principal amount of such Debt Security,
(2) endorse the applicable permanent Global Note, if

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any, to reflect the initial amount, or an increase in the amount of Debt Securities
represented thereby, (3) manually authenticate such definitive Debt Securities (including any
permanent Global Note), (4) deliver such definitive Debt Securities to the Holder thereof or, if
such definitive Debt Security is a permanent Global Note, deliver such permanent Global Note to the
Common Depositary to be held outside the United States for the accounts of the Euroclear Operator
or Cedelbank, as the case may be, for credit to the respective accounts at Euroclear Operator or
Cedelbank, as the case may be, designated by or on behalf of the beneficial owners of such Debt
Securities (or to such other accounts as they may direct) and (5) redeliver such temporary Global
Note to the Common Depositary, unless such temporary Global Note shall have been canceled in
accordance with Section 3.08 hereof; provided, however, that, unless otherwise specified in such
temporary Global Note, upon such presentation by the Common Depositary, such temporary Global Note
shall be accompanied by a certificate dated the Exchange Date or a subsequent date and signed by
the Euroclear Operator, as to the portion of such temporary Global Note held for its account then
to be exchanged for definitive Debt Securities (including any permanent Global Note), and a
certificate dated the Exchange Date or a subsequent date and signed by Cedelbank, as to the portion
of such temporary Global Note held for its account then to be exchanged for definitive Debt
Securities (including any permanent Global Note), each substantially in the form set forth in
Exhibit B to this Indenture. Each certificate substantially in the form of Exhibit B hereto of the
Euroclear Operator or Cedelbank, as the case may be, shall be based on certificates of the account
holders listed in the records of the Euroclear Operator or Cedelbank, as the case may be, as being
entitled to all or any portion of the applicable temporary Global Note. An account holder of the
Euroclear Operator or Cedelbank, as the case may be, desiring to effect the exchange of an interest
in a temporary Global Note for an interest in definitive Debt Securities (including any permanent
Global Note) shall instruct the Euroclear Operator or Cedelbank, as the case may be, to request
such exchange on its behalf and shall deliver to the Euroclear Operator or Cedelbank, as the case
may be, a certificate substantially in the form of Exhibit A hereto and dated no earlier than 10
days prior to the Exchange Date. Until so exchanged, temporary Global Notes shall in all respects
be entitled to the same benefits under this Indenture as definitive Debt Securities (including any
permanent Global Note) of the same series authenticated and delivered hereunder, except as to
payment of interest, if any.

     The delivery to the Company, its agent or the Trustee by the Euroclear Operator or Cedelbank
of any certificate substantially in the form of Exhibit B hereto may be relied upon by the Company,
its agent and the Trustee as conclusive evidence that a corresponding certificate or certificates
has or have been delivered to the Euroclear Operator or Cedelbank, as the case may be, pursuant to
the terms of this Indenture.

     On or prior to the Exchange Date, the Company shall deliver to the Trustee (or such other
agent as may be specified as the Company’s agent for such purpose pursuant to Section 3.01)
definitive Debt Securities in an aggregate principal amount equal to the principal amount of such
temporary Global Note, executed by the Company. At any time, on or after the Exchange Date, upon 30
days’ notice to the Trustee (and such other agents as may be specified for such purpose pursuant to
Section 3.01) by the Euroclear Operator or Cedelbank, as the case may be, acting at the request of
or on behalf of the beneficial owner, a Debt Security represented by a temporary Global Note or a
permanent Global Note, as the case may be, may be exchanged, in whole or from time to time in part,
for definitive Debt Securities without charge and the Trustee (or such

24

 

agent) shall authenticate and deliver, in exchange for each portion of such temporary Global
Note or such permanent Global Note, an equal aggregate principal amount of definitive Debt
Securities of the same series of authorized denominations and of a like Stated Maturity and with
like terms and conditions, as the portion of such temporary Global Note or such permanent Global
Note to be exchanged, which, unless the Debt Securities of the series are not issuable both as
Bearer Securities and as Registered Securities, as contemplated by Section 3.01, shall be in the
form of Bearer Securities or Registered Securities, or any combination thereof, as shall be
specified by the beneficial owner thereof; provided, however, that definitive Bearer Securities
shall be delivered in exchange for a portion of the temporary Global Note or the permanent Global
Note only in compliance with the requirements of the second preceding paragraph. On or prior to the
forty-fifth day following receipt by the Trustee (and such agent as may be specified as the
Company’s agent for such purpose pursuant to Section 3.01) of such notice with respect to a Debt
Security, or, if such day is not a Business Day, the next succeeding Business Day, the temporary
Global Note or the permanent Global Note, as the case may be, shall be surrendered by the Common
Depositary to the Trustee (or such other agent as may be specified as the Company’s agent for such
purpose pursuant to Section 3.01), as the Company’s agent for such purpose, to be exchanged, in
whole or from time to time in part, for definitive Debt Securities without charge following such
surrender, upon the request of the Euroclear Operator or Cedelbank, as the case may be, and the
Trustee (or such agent) shall (1) endorse the applicable temporary Global Note or the permanent
Global Note to reflect the reduction of its principal amount by the aggregate principal amount of
such Debt Security, (2) cause the terms of such Debt Security and Coupons, if any, to be entered on
a definitive Debt Security, (3) manually authenticate such definitive Debt Security, and (4) if a
Bearer Security is to be delivered, deliver such definitive Debt Security outside the United States
to the Euroclear Operator or Cedelbank, as the case may be, for or on behalf of the beneficial
owner thereof, in exchange for a portion of such temporary Global Note or the permanent Global
Note.

     Unless otherwise specified in such temporary Global Note or the permanent Global Note, any
such exchange shall be made free of charge to the beneficial owners of such temporary Global Note
or the permanent Global Note, except that a Person receiving definitive Debt Securities must bear
the cost of insurance, postage, transportation and the like in the event that such Person does not
take delivery of such definitive Debt Securities in person at the offices of the Euroclear Operator
or Cedelbank. Definitive Debt Securities in bearer form to be delivered in exchange for any portion
of a temporary Global Note or the permanent Global Note shall be delivered only outside the United
States. Notwithstanding the foregoing, in the event of redemption or acceleration of all or any
part of a temporary Global Note prior to the Exchange Date, a permanent Global Note or definitive
Bearer Securities, as the case may be, will not be issuable in respect of such temporary Global
Note or such portion thereof, and payment thereon will instead be made as provided in such
temporary Global Note.

     Until exchanged in full as hereinabove provided, any temporary Global Note or the permanent
Global Note shall in all respects be entitled to the same benefits under this Indenture as
definitive Debt Securities of the same series and tenor authenticated and delivered hereunder,
except that, unless otherwise specified as contemplated by Section 3.01, interest payable on such
temporary Global Note on an Interest Payment Date for Debt Securities of such series occurring
prior to the applicable Exchange Date shall be payable to the Euroclear Operator or Cedelbank on
such Interest Payment Date upon delivery by the Euroclear Operator or Cedelbank to the

25

 

Trustee (or such agent as may be specified pursuant to Section 3.01) of a certificate or
certificates substantially in the form set forth in Exhibit B to this Indenture, for credit without
further interest on or after such Interest Payment Date to the respective accounts of the Persons
who are the beneficial owners of such temporary Global Note on such Interest Payment Date and who
have each delivered to the Euroclear Operator or Cedelbank, as the case may be, a certificate
substantially in the form set forth in Exhibit A to this Indenture.

     Any definitive Bearer Security authenticated and delivered by the Trustee (or such agent) in
exchange for a portion of a temporary Global Note or the permanent Global Note shall not bear a
coupon for any interest which shall theretofore have been duly paid by the Trustee to the Euroclear
Operator or Cedelbank, or by the Company to the Trustee (or such agent) in accordance with the
provisions of this Section 3.04.

     With respect to Exhibits A and B to this Indenture, the Company may, in its discretion and if
required or desirable under applicable law, substitute one or more other forms of such Exhibits for
such Exhibits, eliminate the requirement that any or all certificates be provided, or change the
time that any certificate may be required, provided that such substitute form or forms or notice of
elimination or change of such certification requirement have theretofore been delivered to the
Trustee (and any agent of the Company appointed pursuant to Section 3.01 and referred to above)
with a Company Request and such form or forms, elimination or change is reasonably acceptable to
the Trustee (and any such agent).

     (c) If the Company shall establish pursuant to Section 3.01 that the Registered Securities of
a series are to be issued in whole or in part in the form of one or more Global Notes, then the
Company shall execute and the Trustee shall, in accordance with Section 3.03 and the Company Order
with respect to such series, authenticate and deliver one or more Global Notes in temporary or
permanent form that (i) shall represent and shall be denominated in an amount equal to the
aggregate principal amount of the Outstanding Debt Securities of such series to be represented by
one or more Global Notes, (ii) shall be registered in the name of the U.S. Depositary for such
Global Note or Notes or the nominee of such depositary, and (iii) shall bear a legend substantially
to the following effect:

          “This Debt Security may not be transferred except as a whole by the Depositary to a
nominee of the Depositary or by a nominee of the Depositary to the Depositary or another
nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary
or a nominee of such successor Depositary, unless and until this Debt Security is exchanged
in whole or in part for Debt Securities in definitive form.”

     Notwithstanding any other provision of this Section or Section 3.05, unless and until it is
exchanged in whole or in part for Registered Securities in definitive form, a Global Note
representing all or a portion of the Registered Securities of a series may not be transferred
except as a whole by the U.S. Depositary for such series to a nominee of such depositary or by a
nominee of such depositary to such depositary or another nominee of such depositary or by such
depositary or any such nominee to a successor U.S. Depositary for such series or a nominee of such
successor depositary.

26

 

     If at any time the U.S. Depositary for the Debt Securities of a series notifies the Company
that it is unwilling or unable to continue as U.S. Depositary for the Debt Securities of such
series or if at any time the U.S. Depositary for Debt Securities of a series shall no longer be a
clearing agency registered and in good standing under the Securities Exchange Act of 1934, as
amended, or other applicable statute or regulation, the Company shall appoint a successor U.S.
Depositary with respect to the Debt Securities of such series. If a successor U.S. Depositary for
the Debt Securities of such series is not appointed by the Company within 90 days after the Company
receives such notice or becomes aware of such condition, the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities
of such series, will authenticate and deliver, Registered Securities of such series in definitive
form in an aggregate principal amount equal to the principal amount of the Global Note or Notes
representing such series in exchange for such Global Note or Notes.

     The Company may at any time and in its sole discretion determine that the Registered
Securities of any series issued in the form of one or more Global Notes shall no longer be
represented by such Global Note or Notes. In such event, the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities
of such series, will authenticate and deliver, Registered Securities of such series in definitive
form and in an aggregate principal amount equal to the principal amount of the Global Note or Notes
representing such series in exchange for such Global Note or Notes.

     If the Registered Securities of any series shall have been issued in the form of one or more
Global Notes and if an Event of Default with respect to the Debt Securities of such series shall
have occurred and be continuing, the Company will promptly execute, and the Trustee, upon receipt
of a Company Order for the authentication and delivery of definitive Debt Securities of such
series, will authenticate and deliver, Registered Securities of such series in definitive form and
in an aggregate principal amount equal to the principal amount of the Global Note or Notes
representing such series in exchange for such Global Note or Notes.

     If specified by the Company pursuant to Section 3.01 with respect to Registered Securities of
a series, the U.S. Depositary for such series of Registered Securities may surrender a Global Note
for such series of Debt Securities in exchange in whole or in part for Registered Securities of
such series in definitive form on such terms as are acceptable to the Company and such depositary.
Thereupon, the Company shall execute and the Trustee shall authenticate and deliver, without
charge:

          (i) to each Person specified by the U.S. Depositary a new Registered Security or
Securities of the same series, of any authorized denomination as requested by such Person in
an aggregate principal amount equal to and in exchange for such Person’s beneficial interest
in the Global Note; and

          (ii) to the U.S. Depositary a new Global Note in a denomination equal to the
difference, if any, between the principal amount of the surrendered Global Note and the
aggregate principal amount of Registered Securities delivered to Holders thereof.

     Upon the exchange of a Global Note for Registered Securities in definitive form, such Global
Note shall be canceled by the Trustee. Debt Securities issued in exchange for a Global

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Note pursuant to this subsection (c) shall be registered in such names and in such authorized
denominations as the U.S. Depositary for such Global Note, pursuant to instructions from its direct
or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such
Debt Securities to the Persons in whose names such Debt Securities are so registered.

Section 3.05 Registration, Transfer and Exchange.

     (a) The Company shall cause to be kept at the Corporate Trust Office of the Trustee (or such
other office designated under Section 3.01) a register (the registers maintained in such office and
in any other office or agency of the Company in a Place of Payment being herein sometimes
collectively referred to as the “Security Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Registered
Securities and of transfers and exchanges of Registered Securities. The Trustee is hereby appointed
“Security Registrar” for the purpose of registering Registered Securities and registering transfers
and exchanges of Registered Securities as herein provided; provided, however, that the Company may
appoint co-Security Registrars.

     Upon surrender for registration of transfer of any Registered Security of any series at the
office or agency of the Company maintained for such purpose, the Company shall execute, and the
Trustee or an Authenticating Agent shall authenticate and deliver, in the name of the designated
transferee, one or more new Registered Securities of the same series of like aggregate principal
amount of such denominations as are authorized for Registered Securities of such series and of a
like Stated Maturity and with like terms and conditions.

     Except as otherwise provided in Section 3.04 and this Section 3.05, at the option of the
Holder, Registered Securities of any series may be exchanged for other Registered Securities of the
same series of like aggregate principal amount and of a like Stated Maturity and with like terms
and conditions, upon surrender of the Registered Securities to be exchanged at such office or
agency. Whenever any Registered Securities are surrendered for exchange, the Company shall execute,
and the Trustee shall authenticate and deliver, the Registered Securities which the Holder making
the exchange is entitled to receive.

     (b) If and to the extent specified pursuant to Section 3.01, the provisions of this Section
3.05(b) shall be applicable to Debt Securities of any series which are Bearer Securities. At the
option of the Holder thereof, to the extent permitted by law, any Bearer Security of any series
which by its terms is registrable as to principal and interest may be exchanged for a Registered
Security of such series of like aggregate principal amount and of a like Stated Maturity and with
like terms and conditions upon surrender of such Bearer Security at the Corporate Trust Office or
at any other office or agency of the Company designated pursuant to Section 3.01 for the purpose of
making any such exchanges. Any Coupon Security surrendered for exchange shall be surrendered with
all unmatured Coupons and any matured Coupons in default attached thereto. If the Holder of a
Bearer Security is unable to produce any such unmatured Coupon or Coupons or matured Coupon or
Coupons in default, such exchange may be effected if the Bearer Securities are accompanied by
payment in funds acceptable to the Company in an amount equal to the face amount of such missing
Coupon or Coupons, or the surrender of such missing Coupon or Coupons may be waived by the Company
and the Trustee or an Authenticating Agent if there is furnished to them such security or indemnity
as they may

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require to save each of them and any Paying Agent harmless. If thereafter the Holder of such
Bearer Security shall surrender to any Paying Agent any such missing Coupon in respect of which
such a payment shall have been made, such Holder shall be entitled to receive the amount of such
payment; provided, however, that except as otherwise provided in Section 12.03, interest
represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an
office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer
Security of any series is surrendered at any such office or agency in exchange for a Registered
Security of the same series and of a like Stated Maturity and with like terms and conditions after
the close of business at such office or agency on (i) any Regular Record Date and before the
opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any
Special Record Date and before the opening of business at such office or agency on the related
proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without
the Coupon relating to such Interest Payment Date or proposed date for payment, as the case may be
(or, if such Coupon is so surrendered with such Bearer Security, such Coupon shall be returned to
the Person so surrendering the Bearer Security), and interest or Defaulted Interest, as the case
may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case
may be, in respect of the Registered Security issued in exchange for such Bearer Security, but will
be payable only to the Holder of such Coupon when due in accordance with the provisions of this
Indenture. The Company shall execute, and the Trustee shall authenticate and deliver, the
Registered Security or Securities which the Holder making the exchange is entitled to receive.

     Notwithstanding the foregoing, the exchange of Bearer Securities for Registered Securities
will be subject to the provisions of United States income tax laws and regulations applicable to
Debt Securities in effect at the time of such exchange.

     (c) Except as otherwise specified pursuant to Section 3.01, in no event may Registered
Securities, including Registered Securities received in exchange for Bearer Securities, be
exchanged for Bearer Securities.

     (d) All Debt Securities issued upon any transfer or exchange of Debt Securities shall be valid
obligations of the Company, evidencing the same debt, and entitled to the same benefits under this
Indenture, as the Debt Securities surrendered for such transfer or exchange.

     Every Registered Security presented or surrendered for transfer or exchange shall (if so
required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar, duly executed, by the
Holder thereof or his attorney duly authorized in writing.

     No service charge will be made for any transfer or exchange of Debt Securities except as
provided in Section 3.04(b) or 3.06. The Company and the Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any
registration, transfer or exchange of Debt Securities, other than those expressly provided in this
Indenture to be made at the Company’s own expense or without expense or without charge to the
Holders.

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     The Company shall not be required (i) to register, transfer or exchange Debt Securities of any
series during a period beginning at the opening of business 15 days before the day of the
transmission of a notice of redemption of Debt Securities of such series selected for redemption
under Section 13.03 and ending at the close of business on the day of such transmission, or (ii) to
register, transfer or exchange any Debt Security so selected for redemption in whole or in part,
except the unredeemed portion of any Debt Security being redeemed in part.

Section 3.06 Mutilated, Destroyed, Lost and Stolen Debt Securities. 

     If (i) any mutilated Debt Security or any mutilated Coupon with the Coupon Security to which
it appertains (and all unmatured Coupons attached thereto) is surrendered to the Trustee or
Authenticating Agent, or (ii) the Company and the Trustee or Authenticating Agent receive evidence
to their satisfaction of the destruction, loss or theft of any Debt Security or any Coupon, and
there is delivered to the Company and the Trustee or Authenticating Agent such security or
indemnity as may be required by them to save each of them and any Paying Agent harmless, and
neither the Company nor the Trustee receives notice that such Debt Security or Coupon has been
acquired by a bona fide purchaser, then the Company shall execute and upon Company Request the
Trustee or Authenticating Agent shall authenticate and deliver, in exchange for or in lieu of any
such mutilated, destroyed, lost or stolen Debt Security or in exchange for the Coupon Security to
which such mutilated, destroyed, lost or stolen Coupon appertained, a new Debt Security of the same
series of like Stated Maturity and with like terms and conditions and like principal amount,
bearing a number not contemporaneously Outstanding, and, in the case of a Coupon Security, with
such Coupons attached thereto that neither gain nor loss in interest shall result from such
exchange or substitution.

     In case any such mutilated, destroyed, lost or stolen Debt Security or Coupon has become or is
about to become due and payable, the Company in its discretion may, instead of issuing a new Debt
Security, pay the amount due on such Debt Security or Coupon in accordance with its terms;
provided, however, that principal of (and premium, if any) and any interest on Bearer Securities
shall, except as otherwise provided in Section 12.03, be payable only at an office or agency
located outside the United States and, unless otherwise specified as contemplated by Section 3.01
or except as otherwise provided in this Section 3.06, any interest on Bearer Securities shall be
payable only upon presentation and surrender of the Coupons appertaining thereto.

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

     Every new Debt Security or Coupon of any series issued pursuant to this Section shall
constitute an original additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Debt Security or Coupon 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 Debt Securities or Coupons of that series duly issued hereunder.

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

Section 3.07 Payment of Interest; Interest Rights Preserved. 

     (a) Interest on any Registered Security which is payable and is punctually paid or duly
provided for on any Interest Payment Date shall be paid to the Person in whose name such Registered
Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest notwithstanding the cancellation of such Registered Security
upon any transfer or exchange subsequent to the Regular Record Date. Unless otherwise specified as
contemplated by Section 3.01 with respect to the Debt Securities of any series, payment of interest
on Registered Securities shall be made at the place or places specified pursuant to Section 3.01
or, at the option of the Company, by check mailed to the address of the Person entitled thereto as
such address shall appear in the Security Register or, if provided pursuant to Section 3.01, by
wire transfer to an account designated by the Registered Holder.

     (b) Interest on any Coupon Security which is payable and is punctually paid or duly provided
for on any Interest Payment Date shall, except as otherwise provided in Section 12.03, be paid to
the Holder of the Coupon which has matured on such Interest Payment Date upon surrender of such
Coupon on such Interest Payment Date at an office or agency of the Company in a Place of Payment
located outside the United States specified pursuant to Section 3.01.

     Interest on any Bearer Security (other than a Coupon Security) which is payable and is
punctually paid or duly provided for on any Interest Payment Date shall be paid to the Holder of
the Bearer Security upon presentation of such Bearer Security and notation thereon on such Interest
Payment Date at an office or agency of the Company in a Place of Payment located outside the United
States specified pursuant to Section 3.01.

     Unless otherwise specified pursuant to Section 3.01, at the direction of the Holder of any
Bearer Security or Coupon payable in Dollars, payment on such Bearer Security or Coupon will be
made by check or, if agreeable to the Trustee (or the Paying Agent specified pursuant to Section
3.01), by wire transfer to a Dollar account maintained by such Holder outside the United States. If
such payment at the offices of all Paying Agents outside the United States becomes illegal or is
effectively precluded because of the imposition of exchange controls or similar restrictions on the
full payment or receipt of such amounts in Dollars, the Company will appoint an office or agent in
the United States at which such payment may be made. Unless otherwise specified pursuant to Section
3.01, at the direction of the Holder of any Bearer Security or Coupon payable in a Foreign
Currency, payment on such Bearer Security or Coupon will be made by a check drawn on a bank outside
the United States or, if acceptable to the Trustee or such Paying Agent, by wire transfer to an
appropriate account maintained by such Holder outside the United States. Except as provided in this
paragraph, no payment on any Bearer Security or Coupon will be made by mail to an address in the
United States or by wire transfer to an account in the United States.

     (c) Any interest on any Debt Security which is payable but is not punctually paid or duly
provided for on any Interest Payment Date (herein called “Defaulted Interest”) shall, if such

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Debt Security is a Registered Security, forthwith cease to be payable to the Registered Holder
on the relevant Regular Record Date by virtue of his having been such Registered Holder, and such
Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause
(1) or (2) below:

          (1) The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names such Registered Securities (or their respective Predecessor Securities) are
registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall, at
least 25 days prior to the date of the proposed payment, notify the Trustee in writing of
the amount of Defaulted Interest proposed to be paid on each such Registered Security and
the date of the proposed payment, and at the same time the Company shall deposit with the
Trustee an amount of money in the Currency or Currency Unit in which the Debt Securities of
such series are payable (except as otherwise specified pursuant to Section 3.01 or 3.10)
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
Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which
date shall be not more than 20 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 Special 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 Special Record Date therefor to be mailed, first
class postage prepaid, to the Holders of such Registered Securities at their addresses as
they appear in the Security Register, not less than 10 days prior to such Special Record
Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the
Persons in whose names such Registered Securities (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date and shall no
longer be payable pursuant to the following clause (2).

          (2) The Company may make payment of any Defaulted Interest on Registered Securities in
any other lawful manner not inconsistent with the requirements of any securities exchange on
which such Registered Securities may be listed, and upon such notice as may be required by
such exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

     (d) Any Defaulted Interest payable in respect of Bearer Securities of any series shall be
payable pursuant to such procedures as may be satisfactory to the Trustee in such manner that there
is no discrimination between the Holders of Registered Securities (if any) and Bearer Securities of
such series, and notice of the payment date therefor shall be given by the Trustee, in the name and
at the expense of the Company, in the manner provided in Section 1.05 not more than 20 days and not
less than 10 days prior to the date of the proposed payment.

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     (e) Subject to the foregoing provisions of this Section, each Debt Security delivered under
this Indenture upon transfer of or in exchange for or in lieu of any other Debt Security shall
carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other
Debt Security.

Section 3.08 Cancellation.

     Unless otherwise specified pursuant to Section 3.01 for Debt Securities of any series, all
Debt Securities surrendered for payment, redemption, transfer, exchange or credit against any
sinking fund and all Coupons surrendered for payment or exchange shall, if surrendered to any
Person other than the Trustee, be delivered to the Trustee. All Registered Securities and matured
Coupons so delivered shall be promptly canceled by the Trustee. All Bearer Securities and unmatured
Coupons so delivered shall be held by the Trustee and, upon instruction by the Company Order, shall
be canceled or held for reissuance. Bearer Securities and unmatured Coupons held for reissuance may
be reissued only in exchange for Bearer Securities of the same series and of like Stated Maturity
and with like terms and conditions pursuant to Section 3.05 or in replacement of mutilated, lost,
stolen or destroyed Bearer Securities of the same series and of like Stated Maturity and with like
terms and conditions or the related Coupons pursuant to Section 3.06. All Bearer Securities and
unmatured Coupons held by the Trustee pending such cancellation or reissuance shall be deemed to be
delivered for cancellation for all purposes of this Indenture and the Debt Securities. The Company
may at any time deliver to the Trustee for cancellation any Debt Securities or Coupons previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever,
and the Company may deliver to the Trustee (or to any other Person for delivery to the Trustee) for
cancellation any Debt Securities previously authenticated hereunder which the Company has not
issued, and all Debt Securities or Coupons so delivered shall be promptly canceled by the Trustee.
No Debt Securities or Coupons shall be authenticated in lieu of or in exchange for any Debt
Securities or Coupons canceled as provided in this Section, except as expressly permitted by this
Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be destroyed by the
Trustee in accordance with its customary procedures and a certificate of destruction shall be
delivered to the Company upon Company Request. The acquisition of any Debt Securities or Coupons by
the Company shall not operate as a redemption or satisfaction of the indebtedness represented
thereby unless and until such Debt Securities or Coupons are surrendered to the Trustee for
cancellation. In the case of any temporary Global Note which shall be destroyed if the entire
aggregate principal amount of the Debt Securities represented thereby has been exchanged, the
certificate of destruction shall state that all certificates required pursuant to Section 3.04
hereof and substantially in the form of Exhibit B hereto, to be given by the Euroclear Operator or
Cedelbank, have been duly presented to the Trustee by the Euroclear Operator or Cedelbank, as the
case may be. Permanent Global Notes shall not be destroyed until exchanged in full for definitive
Debt Securities or until payment thereon is made in full.

Section 3.09 Computation of Interest.

     Except as otherwise specified pursuant to Section 3.01 for Debt Securities of any series,
interest on the Debt Securities of each series shall be computed on the basis of a 360 day year of
twelve 30 day months.

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Section 3.10 Currency of Payments in Respect of Debt Securities. 

     (a) Except as otherwise specified pursuant to Section 3.01 for Bearer Securities of any
series, payment of the principal of (and premium, if any) and interest on Bearer Securities of such
series denominated in any Currency will be made in such Currency.

     (b) With respect to Registered Securities of any series not permitting the election provided
for in paragraph (c) below or the Holders of which have not made the election provided for in
paragraph (c) below, except as provided in paragraph (e) below, payment of the principal of (and
premium, if any) and any interest on any Registered Security of such series will be made in the
Currency in which such Registered Security is payable.

     (c) It may be provided pursuant to Section 3.01 with respect to the Registered Securities of
any series that Holders shall have the option, subject to paragraphs (e) and (f) below, to receive
payments of principal of (and premium, if any) and any interest on such Registered Securities in
any of the Currencies which may be designated for such election by delivering to the Trustee a
written election, to be in form and substance reasonably satisfactory to the Trustee, not later
than the close of business on the Election Date immediately preceding the applicable payment date.
If a Holder so elects to receive such payments in any such Currency, such election will remain in
effect for such Holder or any transferee of such Holder until changed by such Holder or such
transferee by written notice to the Trustee (but any such change must be made not later than the
close of business on the Election Date immediately preceding the next payment date to be effective
for the payment to be made on such payment date and no such change or election may be made with
respect to payments to be made on any Registered Security of such series with respect to which an
Event of Default has occurred or notice of redemption has been given by the Company pursuant to
Article Thirteen). Any Holder of any such Registered Security who shall not have delivered any such
election to the Trustee by the close of business on the applicable Election Date will be paid the
amount due on the applicable payment date in the relevant Currency as provided in paragraph (b) of
this Section 3.10.

     (d) If the election referred to in paragraph (c) above has been provided for pursuant to
Section 3.01, then not later than the fourth Business Day after the Election Date for each payment
date, the Trustee or agent appointed pursuant to Section 3.01 will deliver to the Company a written
notice specifying, in the Currency in which each series of the Registered Securities is payable,
the respective aggregate amounts of principal of (and premium, if any) and any interest on the
Registered Securities to be paid on such payment date, specifying the amounts so payable in respect
of the Registered Securities as to which the Holders of Registered Securities denominated in any
Currency shall have elected to be paid in another Currency as provided in paragraph (c) above. If
the election referred to in paragraph (c) above has been provided for pursuant to Section 3.01 and
if at least one Holder has made such election, then, on the second Business Day preceding each
payment date, the Company will deliver to the Trustee an Exchange Rate Officer’s Certificate in
respect of the Currency payments to be made on such payment date. The Currency amount receivable by
Holders of Registered Securities who have elected payment in a Currency as provided in paragraph
(c) above shall be determined by the Company on the basis of the applicable Market Exchange Rate in
effect on the third Business Day (the “Valuation Date”) immediately preceding each payment date.

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     (e) If a Conversion Event occurs with respect to a Foreign Currency or any other Currency Unit
in which any of the Debt Securities are denominated or payable other than pursuant to an election
provided for pursuant to paragraph (c) above, then with respect to each date for the payment of
principal of (and premium, if any) and any interest on the applicable Debt Securities denominated
or payable in such Foreign Currency or such other Currency Unit occurring after the last date on
which such Foreign Currency or such other Currency Unit was used (the “Conversion Date”), the
Dollar shall be the Currency of payment for use on each such payment date. The Dollar amount to be
paid by the Company to the Trustee and by the Trustee or any Paying Agent to the Holders of such
Debt Securities with respect to such payment date shall be the Dollar Equivalent of the Foreign
Currency or, in the case of a Currency Unit, the Dollar Equivalent of the Currency Unit, in each
case as determined by the Currency Determination Agent, in the manner provided in paragraph (g) or
(h) below.

     (f) If the Holder of a Registered Security denominated in any Currency shall have elected to
be paid in another Currency as provided in paragraph (c) above, and a Conversion Event occurs with
respect to such elected Currency, such Holder shall receive payment in the Currency in which
payment would have been made in the absence of such election. If a Conversion Event occurs with
respect to the Currency in which payment would have been made in the absence of such election, such
Holder shall receive payment in Dollars as provided in paragraph (e) of this Section 3.10.

     (g) The “Dollar Equivalent of the Foreign Currency” shall be determined by the Currency
Determination Agent, and shall be obtained for each subsequent payment date by converting the
specified Foreign Currency into Dollars at the Market Exchange Rate on the Valuation Date.

     (h) The “Dollar Equivalent of the Currency Unit” shall be determined by the Currency
Determination Agent, and subject to the provisions of paragraph (i) below, shall be the sum of each
amount obtained by converting the Specified Amount of each Component Currency into Dollars at the
Market Exchange Rate for such Component Currency on the Valuation Date with respect to each
payment.

     (i) For purposes of this Section 3.10 the following terms shall have the following meanings:

     A “Component Currency” shall mean any Currency which, on the Conversion Date, was a component
Currency of the relevant Currency Unit.

     A “Specified Amount” of a Component Currency shall mean the number of units of such Component
Currency or fractions thereof which were represented in the relevant Currency Unit on the
Conversion Date. If after the Conversion Date the official unit of any Component Currency is
altered by way of combination or subdivision, the Specified Amount of such Component Currency shall
be divided or multiplied in the same proportion. If after the Conversion Date two or more Component
Currencies are consolidated into a single Currency, the respective Specified Amounts of such
Component Currencies shall be replaced by an amount in such single Currency equal to the sum of the
respective Specified Amounts of such consolidated Component Currencies expressed in such single
Currency, and such amount shall thereafter be a

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Specified Amount and such single Currency shall thereafter be a Component Currency. If after
the Conversion Date any Component Currency shall be divided into two or more Currencies, the
Specified Amount of such Component Currency shall be replaced by amounts of such two or more
Currencies with appropriate Dollar equivalents at the Market Exchange Rate on the date of such
replacement equal to the Dollar equivalent of the Specified Amount of such former Component
Currency at the Market Exchange Rate on such date, and such amounts shall thereafter be Specified
Amounts and such Currencies shall thereafter be Component Currencies. If after the Conversion Date
of the relevant Currency Unit, a Conversion Event (other than any event referred to above in this
definition of “Specified Amount”) occurs with respect to any Component Currency of such Currency
Unit, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar
Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on
the Valuation Date of such Component Currency.

     “Election Date” shall mean the record date with respect to any payment date, and with respect
to the Maturity shall mean the record date (if within 16 or fewer days prior to the Maturity)
immediately preceding the Maturity, and with respect to any series of Debt Securities whose record
date immediately preceding the Maturity is more than 16 days prior to the Maturity or any series of
Debt Securities for which no record dates are provided with respect to interest payments, shall
mean the date which is 16 days prior to the Maturity.

     (j) All decisions and determinations of the Currency Determination Agent, if any, regarding
the Dollar Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency Unit and the
Market Exchange Rate shall be in its sole discretion and shall, in the absence of manifest error,
be conclusive for all purposes and irrevocably binding upon the Company and all Holders of the Debt
Securities denominated or payable in the relevant Currency. In the event of a Conversion Event with
respect to a Foreign Currency, the Company, after learning thereof, will immediately give written
notice thereof to the Trustee (and the Trustee will promptly thereafter give notice in the manner
provided in Section 1.05 to the Holders) specifying the Conversion Date. In the event of a
Conversion Event with respect to any Currency Unit in which Debt Securities are denominated or
payable, the Company, after learning thereof, will immediately give written notice thereof to the
Trustee (and the Trustee will promptly thereafter give written notice in the manner provided in
Section 1.05 to the Holders) specifying the Conversion Date and the Specified Amount of each
Component Currency on the Conversion Date. In the event of any subsequent change in any Component
Currency as set forth in the definition of Specified Amount above, the Company, after learning
thereof, will similarly give written notice to the Trustee. The Trustee shall be fully justified
and protected in relying and acting upon information received by it from the Company and the
Currency Determination Agent, if any and may, notwithstanding any other provision of this
Indenture, conclusively assume that no Conversion Event or other event of which it is entitled to
notice hereunder has occurred unless it receives written notice thereof as provided herein, and
shall not otherwise have any duty or obligation to determine such information independently.

     (k) For purposes of any provision of this Indenture where the Holders of Outstanding Debt
Securities may perform an Act which requires that a specified percentage of the Outstanding Debt
Securities of all series perform such Act and for purposes of any decision or determination by the
Trustee of amounts due and unpaid for the principal (and premium, if any)

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and interest on the Debt Securities of all series in respect of which moneys are to be
disbursed ratably, the principal of (and premium, if any) and interest on the Outstanding Debt
Securities denominated in a Foreign Currency will be the amount in Dollars based upon the Market
Exchange Rate for Debt Securities of such series, as of the date for determining whether the
Holders entitled to perform such Act have performed it, or as of the Business Day immediately prior
to the date of such decision or determination by the Trustee, as the case may be.

Section 3.11 Judgments.

     If for the purpose of obtaining a judgment in any court with respect to any obligation of the
Company hereunder or under any Debt Security, it shall become necessary to convert into any other
Currency any amount in the Currency due hereunder or under such Debt Security, then such conversion
shall be made at the Market Exchange Rate as in effect on the date the Company shall make payment
to any Person in satisfaction of such judgment. If pursuant to any such judgment, conversion shall
be made on a date other than the date payment is made and there shall occur a change between such
Market Exchange Rate and the Market Exchange Rate as in effect on the date of payment, the Company
agrees to pay such additional amounts (if any) as may be necessary to ensure that the amount paid
is equal to the amount in such other Currency which, when converted at the Market Exchange Rate as
in effect on the date of payment or distribution, is the amount then due hereunder or under such
Debt Security. Any amount due from the Company under this Section 3.11 shall be due as a separate
debt and is not to be affected by or merged into any judgment being obtained for any other sums due
hereunder or in respect of any Debt Security. In no event, however, shall the Company be required
to pay more in the Currency or Currency Unit due hereunder or under such Debt Security at the
Market Exchange Rate as in effect when payment is made than the amount of Currency stated to be due
hereunder or under such Debt Security so that in any event the Company’s obligations hereunder or
under such Debt Security will be effectively maintained as obligations in such Currency, and the
Company shall be entitled to withhold (or be reimbursed for, as the case may be) any excess of the
amount actually realized upon any such conversion over the amount due and payable on the date of
payment or distribution.

Section 3.12 Exchange Upon Default.

     If default is made in the payments referred to in Section 12.01, the Company hereby undertakes
that upon presentation and surrender of a permanent Global Note to the Trustee (or to any other
Person or at any other address as the Company may designate in writing), on any Business Day on or
after the maturity date thereof the Company will issue and, upon receipt of a Company Order, the
Trustee will authenticate and deliver to the bearer of such permanent Global Note duly executed and
authenticated definitive Debt Securities with the same issue date and maturity date as set out in
such permanent Global Note.

Section 3.13 CUSIP Numbers.

     The Company in issuing the Debt Securities may use “CUSIP” numbers (if then generally in use),
and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to
Holders; provided that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Debt Securities or as contained in

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any notice of a redemption and that reliance may be placed only on the other identification
numbers printed on the Debt Securities, and any such redemption shall not be affected by any defect
in or omission of such numbers.

ARTICLE IV

SATISFACTION AND DISCHARGE

Section 4.01 Satisfaction and Discharge of Indenture. 

     This Indenture, with respect to the Debt Securities of any series (if all series issued under
this Indenture are not to be affected), shall, upon Company Request, cease to be of further effect
(except as to any surviving rights of registration of transfer or exchange or conversion of such
Debt Securities herein expressly provided for or expressly provided in the terms of the Debt
Securities of such series pursuant to Section 3.01, and rights to receive payments of principal
(and premium, if any) and interest on such Debt Securities) and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and discharge of this
Indenture, when

     (1) either

          (A) all Debt Securities and the Coupons, if any, of such series theretofore
authenticated and delivered (other than (i) Debt Securities and Coupons of such series which
have been destroyed, lost or stolen and which have been replaced or paid as provided in
Section 3.06, (ii) Coupons appertaining to Bearer Securities surrendered for exchange for
Registered Securities and maturing after such exchange, whose surrender is not required or
has been waived under Section 3.05, (iii) Coupons appertaining to Bearer Securities called
for redemption and maturing after the relevant Redemption Date, whose surrender has been
waived as provided in Section 13.06, and (iv) Debt Securities and Coupons of such series for
whose payment money has theretofore been deposited 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 12.04) have been delivered to the Trustee for cancellation; or

          (B) all Debt Securities and the Coupons, if any, of such series not theretofore
delivered to the Trustee for cancellation,

	 	(i)	 	have become due and payable, or
	 
	 	(ii)	 	will become due and payable at their Stated Maturity within one
year, or
	 
	 	(iii)	 	are to be called for redemption within one year under
arrangements satisfactory to the Trustee for the giving of notice by the
Trustee in the name, and at the expense, of the Company,

and the Company, in the case of (i), (ii) or (iii) of this subclause (B), has irrevocably
deposited or caused to be deposited with the Trustee as trust funds in trust for such
purpose an amount in the Currency in which such Debt Securities are denominated

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(except as otherwise provided pursuant to Section 3.01 or 3.10) sufficient to pay and
discharge the entire indebtedness on such Debt Securities for principal (and premium, if
any) and interest to the date of such deposit (in the case of Debt Securities which have
become due and payable) or to the Stated Maturity or Redemption Date, as the case may be;
provided, however, in the event a petition for relief under the Federal bankruptcy laws, as
now or hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or other similar law, is filed with respect to the Company within 91 days after
the deposit and the Trustee is required to return the deposited money to the Company, the
obligations of the Company under this Indenture with respect to such Debt Securities shall
not be deemed terminated or discharged;

     (2) the Company has paid or caused to be paid all other sums payable hereunder by the Company;

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

     (4) the Company has delivered to the Trustee an Opinion of Counsel or a ruling by the Internal
Revenue Service to the effect that such deposit and discharge will not cause Holders of the Debt
Securities of the series to recognize income, gain or loss for Federal income tax purposes.

     Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 6.07, the obligations of the Trustee to any Authenticating
Agent under Section 6.14, the obligations of the Company under Section 12.01, and, if money shall
have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section, the
obligations of the Trustee under Section 4.02 and the last paragraph of Section 12.04, shall
survive. If, after the deposit referred to in subclause (B) of clause 1 of this Section has been
made, (x) the Holder of a Debt Security is entitled to, and does, elect pursuant to Section
3.10(c), to receive payment in a Currency other than that in which such deposit was made, or (y) if
a Conversion Event occurs with respect to the Currency in which such deposit was made or elected to
be received by the Holder pursuant to Section 3.10(c), then the indebtedness represented by such
Debt Security shall be fully discharged to the extent that such deposit made with respect to such
Debt Security shall be converted into the Currency in which such payment is made.

Section 4.02 Application of Trust Money.

     Subject to the provisions of the last paragraph of Section 12.04, all money deposited with the
Trustee pursuant to Section 4.01 shall be held in trust and applied by it, in accordance with the
provisions of the Debt Securities and Coupons, if any, 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 (and premium, if any) and
interest for whose payment such money has been deposited with the Trustee.

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ARTICLE V

REMEDIES

Section 5.01 Events of Default.

     “Event of Default” wherever used herein with respect to Debt Securities of any series means
any one of the following events (whatever the reason for such Event of Default and whether it shall
be voluntary or involuntary or be effected by operation of law, pursuant to any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body):

     (1) the entry of a decree or order for relief in respect of the Company by a court
having jurisdiction in the premises in an involuntary case under the Federal bankruptcy
laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or other similar law, or a decree or order adjudging the Company a bankrupt or
insolvent, or approving as properly filed a petition seeking reorganization, arrangement,
adjustment or composition of or in respect of the Company under any applicable Federal or
State law, or appointing a receiver, liquidator, assignee, custodian, 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

     (2) the commencement by the Company of a voluntary case under the Federal bankruptcy
laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or other similar law, or the consent by it to the entry of an order for relief in
an involuntary case under any such law or to the appointment of a receiver, liquidator,
assignee, custodian, 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 its 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

     (3) any other Event of Default provided with respect to Debt Securities of that series
pursuant to Section 3.01.

Section 5.02 Acceleration of Maturity; Rescission and Annulment. 

     If an Event of Default with respect to Debt Securities of any series at that time Outstanding
occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25%
in principal amount of the Outstanding Debt Securities of such series may declare the principal
amount (or, if any Debt Securities of such series are Discount Securities, such portion of the
principal amount of such Discount Securities as may be specified in the terms of such Discount
Securities) of all the Debt 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 such principal amount (or specified amount), plus accrued and unpaid interest (and
premium, if any), shall become immediately due and payable. Upon payment of

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such amount in the Currency in which such Debt Securities are denominated (except as otherwise
provided pursuant to Section 3.01 or 3.10), all obligations of the Company in respect of the
payment of principal of the Debt Securities of such series shall terminate.

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

     (1) the Company has paid or deposited with the Trustee a sum in the Currency in which such
Debt Securities are denominated (except as otherwise provided pursuant to Section 3.01 or 3.10)
sufficient to pay

     (A) all overdue installments of interest on all Debt Securities or all overdue payments
with respect to any Coupons of such series,

     (B) the principal of (and premium, if any, on) any Debt Securities of such series which
have become due otherwise than by such declaration of acceleration and interest thereon at
the rate or rates prescribed therefor in such Debt Securities,

     (C) to the extent that payment of such interest is lawful, interest upon overdue
installments of interest on each Debt Security of such series or upon overdue payments on
any Coupons of such series at the Overdue Rate, and

     (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel; provided,
however, that all sums payable under this clause (D) shall be paid in Dollars; and

     (2) All Events of Default with respect to Debt Securities of such series, other than the
nonpayment of the principal of Debt Securities of such series which has become due solely by such
declaration of acceleration, have been cured or waived as provided in Section 5.13.

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

Section 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee. 

     The Company covenants that if

     (1) default is made in the payment of any installment of interest on any Debt Security or any
payment with respect to any Coupons when such interest or payment becomes due and payable and such
default continues for a period of 30 days,

     (2) default is made in the payment of principal of (or premium, if any, on) any Debt Security
at the Maturity thereof, or

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     (3) 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 Debt Securities of any series,
the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Debt Securities or of such Coupons, (i) the amount then due and payable on such Debt Securities or
matured Coupons for the principal (and premium, if any) and interest, if any, (ii) to the extent
that payment of such interest shall be legally enforceable, interest upon the overdue principal
(and premium, if any) and upon overdue installments of interest, at the Overdue Rate, and (iii)
thereafter, such further amount as shall be sufficient to cover the costs and expenses of
collection, including the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel.

     If the Company fails to pay such amount 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 decree, and may
enforce the same against the Company or any other obligor upon such Debt Securities and Coupons,
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 Debt Securities and Coupons wherever
situated.

     If any default in the payments referred to in Section 12.01 or Event of Default with respect
to Debt Securities of any series occurs and is continuing, the Trustee may in its discretion
proceed to protect and enforce its rights and the rights of the Holders of Debt Securities and
Coupons of such series by such appropriate judicial proceedings as the 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 5.04 Trustee May File Proofs of Claim. 

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceedings, or any
voluntary or involuntary case under the applicable Federal or State bankruptcy, insolvency or
similar law, as now or hereafter constituted, relative to the Company or any other obligor upon the
Debt Securities and Coupons, if any, of a particular series or the property of the Company or of
such other obligor or their creditors, the Trustee (irrespective of whether the principal of such
Debt Securities shall then be due and payable as therein expressed or by declaration of
acceleration 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,

     (i) to file and prove a claim for the whole amount of principal (or, if the Debt
Securities of such series are 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 5.02) (and premium, if any) and interest owing and unpaid in respect of the
Debt Securities and Coupons of such series and to file such other papers or documents and
take such other actions, including participating as a member, voting or otherwise, of any
committee of creditors appointed in the matter, as may be necessary or

42

 

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 such Debt Securities and Coupons 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, custodian, liquidator, sequestrator (or other similar
official) in any such proceeding is hereby authorized by each such Holder to make such payments to
the Trustee, and in the event that the Trustee shall consent to the making of such payments
directly to such Holders, to pay to the Trustee any amount due 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 6.07.

     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 Debt Securities and any Coupons of such 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 5.05 Trustee May Enforce Claims Without Possession of Debt Securities. 

     All rights of action and claims under this Indenture or the Debt Securities and the Coupons,
if any, of any series may be prosecuted and enforced by the Trustee without the possession of any
of such Debt Securities or Coupons 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 Debt Securities or Coupons in respect of
which such judgment has been recovered.

Section 5.06 Application of Money Collected. 

     Any money 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 (and premium, if any) or interest, upon presentation of the Debt Securities or
Coupons of any series in respect of which money has been 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 6.07.

     SECOND: Subject to Article Sixteen, to the payment of the amounts then due and unpaid for
principal of (and premium, if any) and interest on the Debt Securities or Coupons of such series,
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 Debt
Securities or Coupons for principal (and premium, if any) and interest, respectively; and

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     THIRD: Subject to Article Sixteen, the balance, if any, to the Person or Persons entitled
thereto.

Section 5.07 Limitation on Suits.

     No Holder of any Debt Security or Coupon 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 for any other remedy hereunder, unless

     (1) such Holder has previously given written notice to the Trustee of a continuing Event of
Default with respect to such series;

     (2) the Holders of not less than 25% in principal amount of the Outstanding Debt 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 its 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 Debt
Securities of such series;

it being understood and intended that no one or more of such Holders 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 such Holders or of the Holders of Outstanding Debt Securities
or Coupons of any other series, or to obtain or to seek to obtain priority or preference over any
other of 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 of such Holders. For the protection and
enforcement of the provisions of this Section 5.07, each and every Holder of Debt Securities or
Coupons of any series and the Trustee for such series shall be entitled to such relief as can be
given at law or in equity.

Section 5.08 Unconditional Right of Holders to Receive Principal, Premium and Interest. 

     Notwithstanding any other provision in this Indenture, the Holder of any Debt Security or of
any Coupon shall have the right, which is absolute and unconditional, to receive payment of the
principal of (and premium, if any) and (subject to Section 3.07) interest on such Debt Security or
Coupon on the respective Stated Maturity or Maturities expressed in such Debt Security or Coupon
(or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement
of any such payment and interest thereon, and such right shall not be impaired without the consent
of such Holder.

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Section 5.09 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 the Holders 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 the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

Section 5.10 Rights and Remedies Cumulative. 

     Except as otherwise expressly provided elsewhere in this Indenture, no right or remedy herein
conferred upon or reserved to the Trustee or to the Holders 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 5.11 Delay or Omission Not Waiver.

     No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing
upon any Event of Default or default in the payments referred to in Section 12.01 shall impair any
such right or remedy or constitute a waiver of any such Event of Default or default or any
acquiescence therein. Every right and remedy given by this Indenture or by law to the Trustee or to
the Holders may be exercised from time to time, and as often as may be deemed expedient, by the
Trustee or by the Holders, as the case may be.

Section 5.12 Control by Holders.

     The Holders of a majority in principal amount of the Outstanding Debt 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 with
respect to the Debt Securities of such series, provided, that

     (1) such direction shall not be in conflict with any rule of law or with this Indenture;

     (2) subject to the provisions of Section 6.01, the Trustee shall have the right to decline to
follow any such direction if the Trustee in good faith shall, by a Responsible Officer or
Responsible Officers of the Trustee, determine that the proceeding so directed would be unjustly
prejudicial to the Holders of Debt Securities of such series not joining in any such direction;

     (3) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction; and

     (4) this provision shall not affect the rights of the Trustee set forth in Section 6.01(c)(4).

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Section 5.13 Waiver of Past Defaults. 

     The Holders of not less than a majority in principal amount of the Outstanding Debt Securities
of any series may on behalf of the Holders of all the Debt Securities of any such series waive, by
notice to the Trustee and the Company, any past default or Event of Default hereunder with respect
to such series and its consequences, except a default

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

     (2) in respect of a covenant or provision hereof which pursuant to Article Eleven cannot be
modified or amended without the consent of the Holder of each Outstanding Debt Security of such
series affected.

     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 the Debt Securities of such
series under this Indenture, but no such waiver shall extend to any subsequent or other default or
Event of Default or impair any right consequent thereon.

Section 5.14 Undertaking for Costs. 

     All parties to this Indenture agree, and each Holder of any Debt Security or any Coupon 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, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit other than the Trustee 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 shall not
apply to any suit instituted by the 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 Debt
Securities of any series, or to any suit instituted by any Holder of a Debt Security or Coupon for
the enforcement of the payment of the principal of (or premium, if any) or interest on such Debt
Security or the payment of any Coupon on or after the respective Stated Maturity or Maturities
expressed in such Debt Security or Coupon (or, in the case of redemption, on or after the
Redemption Date).

Section 5.15 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.

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ARTICLE VI

THE TRUSTEE

Section 6.01 Certain Duties and Responsibilities. 

     (a) Except during the continuance of a default in the payments referred to in Section 12.01 or
an Event of Default with respect to the Debt Securities of any series,

     (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture, and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and

     (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions 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 provisions
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 a default in the payments referred to in Section 12.01 or an Event of Default with
respect to Debt Securities of any series has occurred and is continuing, the Trustee shall, with
respect to the Debt Securities of such series, exercise such of the rights and powers vested in it
by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man
would exercise or use under the circumstances in the conduct of his own affairs.

     (c) Subject to Section 6.04, 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

     (1) this subsection shall not be construed to limit the effect of subsection (a) of
this Section;

     (2) 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;

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

     (4) the Trustee shall not be required 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

47

 

believing that repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured to it; and

     (5) the Trustee shall not be charged with knowledge of any default or Event of Default
or any other act or circumstance upon the occurrence of which the Trustee may be required to
take action unless a Responsible Officer of the Trustee obtains actual knowledge of such
default, Event of Default, act or circumstance or unless written notice referencing this
Indenture or the Debt Securities is received by the Trustee at the Corporate Trust Office.

     (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.

Section 6.02 Notice of Defaults. 

     Within 90 days after the occurrence of any default hereunder with respect to Debt Securities
or Coupons, if any, of any series, the Trustee shall give notice to all Holders of Debt Securities
and Coupons of such series of such default hereunder 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
payment of the principal of (or premium, if any) or interest on any Debt Security or Coupon of such
series or in the payment of any sinking fund installment with respect to Debt Securities of such
series, 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 the
Holders of Debt Securities and of Coupons of such series. For the purpose of this Section, the term
“default” means any event which is, or after notice or lapse of time or both would become, an Event
of Default with respect to Debt Securities of such series.

     Notice given pursuant to this Section 6.02 with respect to Registered Securities shall be
transmitted by mail:

     (1) to all Registered Holders, as the names and addresses of the Registered Holders appear in
the Security Register;

     (2) to such Holders of Bearer Securities of any series as have within two years preceding such
transmission, filed their names and addresses with the Trustee for such series for that purpose;

     (3) to each Holder of a Debt Security of any series whose name and address appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a) of this
Indenture; and

     (4) to the Company.

     Notice given pursuant to this Section 6.02 with respect to Bearer Securities shall be
transmitted in the manner set forth in Section 1.05.

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Section 6.03 Certain Rights of Trustee. 

     Except as otherwise provided in Section 6.01:

     (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, note, other evidence of indebtedness 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 or direction of the Company mentioned herein shall be sufficiently evidenced
by a Company Request or Company Order and any resolution of the Board of Directors shall 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 Officers’ 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 and 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 or direction of any of the Holders of Debt Securities of any
series pursuant to this Indenture, unless such Holders shall have offered to the 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 be under no obligation to act as Authenticating Agent, Registrar, Paying
Agent, Transfer Agent or as any other agent with respect to Foreign Currency Debt Securities or
Bearer or Coupon Debt Securities;

     (g) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document,
but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, 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; and

     (h) 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 (including any agent
appointed pursuant to Section 3.10(j)) or attorney appointed with due care by it hereunder.

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Section 6.04 Not Responsible for Recitals or Issuance of Debt Securities.

     The recitals contained herein and in the Debt Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as to the validity or
sufficiency of this Indenture or of the Debt Securities or Coupons, if any, of any series. The
Trustee shall not be accountable for the use or application by the Company of any Debt Securities
or the proceeds thereof. The Trustee assumes no responsibility for the accuracy of any statements
in any registration statement relating to the Debt Securities.

Section 6.05 May Hold Debt Securities.

     The Trustee, any Paying Agent, the Security Registrar or any other agent of the Company, in
its individual or any other capacity, may become the owner or pledgee of Debt Securities or
Coupons, and, subject to Sections 6.08 and 6.13, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Paying Agent, Security Registrar or such other agent.

Section 6.06 Money Held in Trust.

     Money in any Currency held by the Trustee or any Paying Agent in trust hereunder need not be
segregated from other funds except to the extent required by law. Neither the Trustee nor any
Paying Agent shall be under any liability for interest on any money received by it hereunder except
as otherwise agreed with the Company.

Section 6.07 Compensation and Reimbursement. 

     The Company agrees:

     (1) to pay in Dollars to the Trustee from time to time such compensation in Dollars as the
Company and the Trustee shall from time to time agree in writing 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);

     (2) except as otherwise expressly provided herein, to reimburse the Trustee in Dollars upon
its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee
in connection with the administration of the trusts herein set forth (including the reasonable
compensation and the expenses and disbursements of its agents and counsel), except any such
expense, disbursement or advance as may be attributable to its negligence or bad faith; and

     (3) to indemnify in Dollars the Trustee for, and to hold it harmless against, any loss,
liability, damage, claims, actions, suits, costs or expense, including taxes (other than taxes
based upon, measured by or determined by income of the Trustee), of any kind and nature whatsoever
incurred without negligence or bad faith on its part, arising out of or in connection with the
acceptance or administration of this trust or performance of its duties hereunder, including the
costs and expenses of defending itself against any claim or liability in connection with the
exercise or performance of any of its powers or duties hereunder.

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     As security for the performance of the obligations of the Company under this Section and in
addition to its rights under Section 5.06, the Trustee shall have a claim prior to the Debt
Securities and Coupons, if any, upon all property and funds held or collected by the Trustee as
such, except funds held in trust for the payment of amounts due on particular Debt Securities and
Coupons. The fees and expenses incurred by the Trustee in connection with any bankruptcy of the
Company shall constitute fees and expenses of administration; provided, however, that this shall
not affect the Trustee’s rights as set forth in the preceding sentence or Section 5.06.

Section 6.08 Disqualification; Conflicting Interests.

     (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section
with respect to the Debt Securities of any series, then, within 90 days after ascertaining that it
has such conflicting interest, and if the default (as hereinafter defined) to which such
conflicting interest relates has not been cured or duly waived or otherwise eliminated before the
end of such 90 day period, the Trustee shall either eliminate such conflicting interest or, except
as otherwise provided below, resign with respect to the Debt Securities of such series, and the
Company shall take prompt steps to have a successor appointed, in the manner and with the effect
hereinafter specified in this Article.

     (b) In the event that the Trustee shall fail to comply with the provisions of subsection (a)
of this Section with respect to the Debt Securities of any series, the Trustee shall, within 10
days after the expiration of such 90 day period, transmit to all Holders of Debt Securities of such
series notice of such failure.

     Notice given pursuant to this Section 6.08(b) with respect to Registered Securities shall be
transmitted by mail:

     (1) to all Registered Holders, as the names and addresses of the Registered Holders
appear in the Security Register;

     (2) to such Holders of Bearer Securities of any series as have, within two years
preceding such transmission, filed their names and addresses with the Trustee for such
series for that purpose;

     (3) to each Holder of a Debt Security of any series whose name and address appear in
the information preserved at the time by the Trustee in accordance with Section 7.02(a) of
this Indenture; and

     (4) to the Company.

     Notice given pursuant to this Section 6.08(b) with respect to Bearer Securities shall be
transmitted in the manner set forth in Section 1.05.

     (c) For the purposes of this Section, the Trustee shall be deemed to have a conflicting
interest with respect to the Debt Securities of any series, if there shall exist an Event of
Default (as such term is defined herein, but exclusive of any period of grace or requirement of
notice) or a default in the payments referred to in Section 12.01 with respect to such Debt
Securities and

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     (1) the Trustee is trustee under this Indenture with respect to the Outstanding Debt
Securities of any series other than that series or is trustee under another indenture under
which any other securities, or certificates of interest or participation in any other
securities, of the Company are outstanding, unless such other indenture is a collateral
trust indenture under which the only collateral consists of Debt Securities issued under
this Indenture, provided that there shall be excluded from the operation of this paragraph
this Indenture with respect to the Debt Securities of any series other than that series and
any other indenture or indentures under which other securities, or certificates of interest
or participation in other securities, of the Company are outstanding, if

     (i) this Indenture and such other indenture or indentures (and all series of
securities issuable thereunder) are wholly unsecured and rank equally and such other
indenture or indentures are hereafter qualified under the Trust Indenture Act,
unless the Commission shall have found and declared by order pursuant to Section
305(b) or Section 307(c) of the Trust Indenture Act that differences exist between
the provisions of this Indenture with respect to the Debt Securities of such series
and one or more other series or the provisions of such other indenture or indentures
which are so likely to involve a material conflict of interest as to make it
necessary, in the public interest or for the protection of investors to disqualify
the Trustee from acting as such under this Indenture with respect to the Debt
Securities of such series and such other series or under such other indenture or
indentures, or

     (ii) the Company shall have sustained the burden of proving, on application to
the Commission and after opportunity for hearing thereon, that trusteeship under
this Indenture with respect to the Debt Securities of such series and such other
series or such other indenture or indentures is not so likely to involve a material
conflict of interest as to make it necessary in the public interest or for the
protection of investors to disqualify the Trustee from acting as such under this
Indenture with respect to the Debt Securities of such series and such other series
or under such other indenture or indentures;

     (2) the Trustee or any of its directors or executive officers is an underwriter for the
Company;

     (3) the Trustee directly or indirectly controls or is directly or indirectly controlled
by or is under direct or indirect common control with an underwriter for the Company;

     (4) the Trustee or any of its directors or executive officers is a director, officer,
partner, employee, appointee or representative of the Company, or of an underwriter (other
than the Trustee itself) for the Company who is currently engaged in the business of
underwriting, except that (i) one individual may be a director or an executive officer, or
both, of the Trustee and a director or an executive officer, or both, of the Company but may
not be at the same time an executive officer of both the Trustee and the Company; (ii) if
and so long as the number of directors of the Trustee in office is more than nine, one
additional individual may be a director or an executive officer, or

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both, of the Trustee and a director of the Company; and (iii) the Trustee may be
designated by the Company or by any underwriter for the Company to act in the capacity of
transfer agent, registrar, custodian, paying agent, fiscal agent, escrow agent, or
depositary or in any other similar capacity, or, subject to the provisions of paragraph (1)
of this subsection, to act as trustee, whether under an indenture or otherwise;

     (5) 10% or more of the voting securities of the Trustee is beneficially owned either by
the Company or by any director, partner or executive officer thereof, or 20% or more of such
voting securities is beneficially owned, collectively, by any two or more of such persons;
or 10% or more of the voting securities of the Trustee is beneficially owned either by an
underwriter for the Company or by any director, partner or executive officer thereof or is
beneficially owned, collectively, by any two or more such persons;

     (6) the Trustee is the beneficial owner of, or holds as collateral security for an
obligation which is in default (as hereinafter in this subsection defined), (i) 5% or more
of the voting securities, or 10% or more of any other class of security, of the Company not
including the Debt Securities issued under this Indenture and securities issued under any
other indenture under which the Trustee is also trustee, or (ii) 10% or more of any class of
security of an underwriter for the Company;

     (7) the Trustee is the beneficial owner of or holds as collateral security for an
obligation which is in default, 5% or more of the voting securities of any person who, to
the knowledge of the Trustee, owns 10% or more of the voting securities of, or controls
directly or indirectly or is under direct or indirect common control with, the Company;

     (8) the Trustee is the beneficial owner of or holds as collateral security for an
obligation which is in default, 10% or more of any class of security of any person who, to
the knowledge of the Trustee, owns 50% or more of the voting securities of the Company;

     (9) the Trustee owns, on the date of such Event of Default or any anniversary of such
Event of Default while such Event of Default remains outstanding, in the capacity of
executor, administrator, testamentary or inter vivos trustee, guardian, committee or
conservator, or in any other similar capacity, an aggregate of 25% or more of the voting
securities, or of any class of security, of any person, the beneficial ownership of a
specified percentage of which would have constituted a conflicting interest under paragraph
(6), (7) or (8) of this subsection. As to any such securities of which the Trustee acquired
ownership through becoming executor, administrator or testamentary trustee of an estate
which included them, the provisions of the preceding sentence shall not apply, for a period
of not more than two years from the date of such acquisition, to the extent that such
securities included in such estate do not exceed 25% of such voting securities or 25% of any
such class of security. Promptly after the dates of any such Event of Default and annually
in each succeeding year that such Event of Default continues, the Trustee shall make a check
of its holdings of such securities in any of the abovementioned capacities as of such dates.
If the Company fails to make payment in full of the principal of (or premium, if any) or
interest on any of the Debt Securities when and as the same becomes due and payable, and
such failure continues for 30 days

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thereafter, the Trustee shall make a prompt check of its holdings of such securities in
any of the abovementioned capacities as of the date of the expiration of such 30 day period,
and after such date, notwithstanding the foregoing provisions of this paragraph, all such
securities so held by the Trustee, with sole or joint control over such securities vested in
it, shall be considered as though beneficially owned by the Trustee for the purposes of
paragraphs (6), (7) and (8) of this subsection; or

     (10) except under the circumstances described in paragraph (1), (3), (4), (5) or (6) of
Section 6.13(b) of this Indenture, the Trustee shall be or shall become a creditor of the
Company.

     For the purposes of paragraph (1) of this subsection, the term “series of securities” or
“series” means a series, class or group of securities issuable under an indenture pursuant to whose
terms holders of one such series may vote to direct the Trustee, or otherwise take action pursuant
to a vote of such holders, separately from holders of another series; provided, that “series of
securities” or “series” shall not include any series of securities issuable under an indenture if
all such series rank equally and are wholly unsecured.

     The specification of percentages in paragraphs (5) to (9), inclusive, of this subsection shall
not be construed as indicating that the ownership of such percentages of the securities of a person
is or is not necessary or sufficient to constitute direct or indirect control for the purposes of
paragraph (3) or (7) of this subsection.

     For the purposes of paragraphs (6), (7), (8) and (9) of this subsection only, (i) the terms
“security” and “securities” shall include only such securities as are generally known as corporate
securities, but shall not include any note or other evidence of indebtedness issued to evidence an
obligation to repay moneys lent to a person by one or more banks, trust companies or banking firms,
or any certificate of interest or participation in any such note or evidence of indebtedness; (ii)
an obligation shall be deemed to be “in default” when a default in payment of principal shall have
continued for 30 days or more and shall not have been cured; and (iii) the Trustee shall not be
deemed to be the owner or holder of (A) any security which it holds as collateral security, as
trustee or otherwise, for an obligation which is not in default as defined in clause (ii) above, or
(B) any security which it holds as collateral security under this Indenture, irrespective of any
default hereunder, or (C) any security which it holds as agent for collection, or as custodian,
escrow agent or depositary, or in any similar representative capacity.

     (d) For the purposes of this Section:

     (1) The term “underwriter” when used with reference to the Company means every person
who, within one year prior to the time as of which the determination is made, has purchased
from the Company with a view to, or has offered or sold for the Company in connection with,
the distribution of any security of the Company outstanding at such time, or has
participated or has had a direct or indirect participation in any such undertaking, or has
participated or has had a participation in the direct or indirect underwriting of any such
undertaking, but such term shall not include a person whose interest was limited to a
commission from an underwriter or dealer not in excess of the usual and customary
distributors’ or sellers’ commission.

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     (2) The term “director” means any director of a corporation, or any individual
performing similar functions with respect to any organization whether incorporated or
unincorporated.

     (3) The term “person” means an individual, a corporation, a partnership, an
association, a joint stock company, a trust, an estate, an unincorporated organization, or a
government or political subdivision thereof. As used in this paragraph, the term “trust”
shall include only a trust where the interest or interests of the beneficiary or
beneficiaries are evidenced by a security.

     (4) The term “voting security” means any security presently entitling the owner or holder
thereof to vote in the direction or management of the affairs of a person, or any security issued
under or pursuant to any trust, agreement or arrangements whereby a trustee or trustees or agent or
agents for the owner or holder of such security are presently entitled to vote in the direction or
management of the affairs of a person.

     (5) The term “Company” means any obligor upon the Debt Securities of any series.

     (6) The term “executive officer” means the president, every vice president, every trust
officer, the cashier, the secretary, and the treasurer of a corporation, and any individual
customarily performing similar functions with respect to any organization, whether incorporated or
unincorporated, but shall not include the chairman of the board of directors.

     (e) The percentages of voting securities and other securities specified in this Section shall
be calculated in accordance with the following provisions:

     (1) A specified percentage of the voting securities of the Trustee, the Company or any
other person referred to in this Section (each of whom is referred to as a “person” in this
paragraph) means such amount of the outstanding voting securities of such person as entitles
the holder or holders thereof to cast such specified percentage of the aggregate votes which
the holders of all the outstanding voting securities of such person are entitled to cast in
the direction or management of the affairs of such person.

     (2) A specified percentage of a class of securities of a person means such percentage
of the aggregate amount of securities of the class outstanding.

     (3) The term “amount,” when used with regard to securities, means the principal amount
if relating to evidences of indebtedness, the number of shares if relating to capital
shares, and the number of units if relating to any other kind of security.

     (4) The term “outstanding” means issued and not held by or for the account of the
issuer. The following securities shall not be deemed outstanding within the meaning of this
definition:

     (i) securities of an issuer held in a sinking fund relating to securities of
the issuer of the same class;

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     (ii) securities of an issuer held in a sinking fund relating to another class
of securities of the issuer, if the obligation evidenced by such other class of
securities is not in default as to principal or interest or otherwise;

     (iii) securities pledged by the issuer thereof as security for an obligation of
the issuer not in default as to principal or interest or otherwise; and

     (iv) securities held in escrow if placed in escrow by the issuer thereof;

provided, however, that any voting securities of an issuer shall be deemed outstanding if
any person other than the issuer is entitled to exercise the voting rights thereof.

     (5) A security shall be deemed to be of the same class as another security if both
securities confer upon the holder or holders thereof substantially the same rights and
privileges; provided, however, that, in the case of secured evidences of indebtedness, all
of which are issued under a single indenture, differences in the interest rates or maturity
dates of various series thereof shall not be deemed sufficient to constitute such series
different classes; and provided, further, that, in the case of unsecured evidences of
indebtedness, differences in the interest rates or maturity dates thereof shall not be
deemed sufficient to constitute them securities of different classes, whether or not they
are issued under a single indenture.

     (f) Except in the case of a default in the payment of the principal of or interest on any Debt
Security of any series, or in the payment of any sinking or purchase fund installment, the Trustee
shall not be required to resign as provided by this Section if the Trustee shall have sustained the
burden of proving, on application to the Commission and after opportunity for hearing thereon,
that:

     (1) the Event of Default or default in the payments referred to in Section 12.01 may be
cured or waived during a reasonable period and under the procedures described in such
application; and

     (2) a stay of the Trustee’s duty to resign will not be inconsistent with the interests
of Holders of the Debt Securities.

     The filing of such an application shall automatically stay the performance of the duty to
resign until the Commission orders otherwise.

Section 6.09 Corporate Trustee Required; Eligibility.

     There shall at all times be a Trustee hereunder which shall be a corporation organized and
doing business under the laws of the United States of America, any State thereof 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, State or
District of Columbia authority and eligible to act as Trustee hereunder in compliance with Section
310(a)(1) of the Trust Indenture Act. 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, the combined capital and surplus of

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such corporation shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. Neither the Company nor any person directly or
indirectly controlling, controlled by, or under common control with the Company shall serve as
Trustee upon any Debt Securities.

Section 6.10 Resignation and Removal; Appointment of Successor. 

     (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee under Section 6.11.

     (b) The Trustee may resign at any time with respect to the Debt Securities of one or more
series by giving written notice thereof to the Company. If an instrument of acceptance by a
successor Trustee shall not have been delivered to the Trustee within 30 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 with respect to the Debt Securities of such series.

     (c) The Trustee may be removed at any time with respect to the Debt Securities of any series,
and a successor Trustee appointed, by Act of the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series, delivered to the Trustee and to the Company.

     (d) If at any time:

     (1) the Trustee shall fail to comply with Section 6.08(a) with respect to the Debt
Securities of any series after written request therefor by the Company or by any Holder who
has been a bona fide Holder of a Debt Security of such series for at least six months, or

     (2) the Trustee shall cease to be eligible under Section 6.09 with respect to the Debt
Securities of any series and shall fail to resign after written request therefor by the
Company or by any such Holder, or

     (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or of its property shall be appointed or any public
officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation, then, in any such case, (i) the
Company by a Board Resolution may remove the Trustee with respect to all Debt Securities, or
(ii) subject to Section 5.14, any Holder who has been a bona fide Holder of a Debt Security
of any series 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 the Trustee and
the appointment of a successor Trustee for the Debt Securities of such series.

     (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Debt Securities of one or
more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or
Trustees with respect to the Debt Securities of that or those series (it being understood

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that any such successor Trustee may be appointed with respect to the Debt Securities of one or
more or all of such series and that at any time there shall be only one Trustee with respect to the
Debt Securities of any particular series) and shall comply with the applicable requirements of
Section 6.11. If, within one year after such resignation, removal or incapability, or the
occurrence of such vacancy, a successor Trustee with respect to the Debt Securities of any series
shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Debt
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
with respect to the Debt Securities of such series and to that extent supersede the successor
Trustee appointed by the Company. If no successor Trustee with respect to the Debt Securities of
any series shall have been so appointed by the Company or the Holders of such series and accepted
appointment in the manner hereinafter provided, any the resigning Trustee or Holder who has been a
bona fide Holder of a Debt Security of such series for at least six months may, subject to Section
5.14, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such
series.

     (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Debt Securities of any series and each appointment of a successor Trustee with
respect to the Debt Securities of any series in the manner and to the extent provided in Section
1.05 to the Holders of Debt Securities of such series. Each notice shall include the name of the
successor Trustee with respect to the Debt Securities of such series and the address of its
corporate trust office.

Section 6.11 Acceptance of Appointment by Successor. 

     (a) In the case of an appointment hereunder of a successor Trustee with respect to all Debt
Securities, each such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee, but, on 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 claim, if any, provided for in
Section 6.07.

     (b) In case of the appointment hereunder of a successor Trustee with respect to the Debt
Securities of one or more (but not all) series, the Company, the retiring Trustee and each
successor Trustee with respect to the Debt Securities of one or more series shall execute and
deliver an indenture supplemental hereto wherein each successor Trustee shall accept such
appointment and which (1) shall contain such provisions as shall be necessary or desirable to
transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and
duties of the retiring Trustee with respect to the Debt Securities of that or those series to which
the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with
respect to all Debt Securities, shall contain such provisions as shall be deemed necessary or

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desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee
with respect to the Debt Securities of that or those series as to which the retiring Trustee is not
retiring shall continue to be vested in the retiring Trustee, and (3) 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 any 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 other trust or trusts hereunder administered by any other such Trustee; and upon the
execution and delivery of any such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein and each such successor
Trustee, without any further act, deed or conveyance, shall become vested with all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or
those series to which the appointment of such successor Trustee relates, but, on request of the
Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Debt Securities of that or those series to which the appointment of such successor Trustee
relates.

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

     (d) No successor Trustee shall accept its appointment unless at the time of such acceptance
such successor Trustee shall be qualified and eligible under this Article.

Section 6.12 Merger, Conversion, Consolidation or Succession to Business. 

     Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
that such corporation shall be 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 Debt Securities shall have been authenticated, but not delivered, by the Trustee then in
office, any successor by merger, conversion or consolidation to such authenticating Trustee may
adopt such authentication and deliver the Debt Securities so authenticated with the same effect as
if such successor Trustee had itself authenticated such Debt Securities. In case any Debt
Securities shall not have been authenticated by such predecessor Trustee, any such successor
Trustee may authenticate and deliver such Debt Securities, in either its own name or that of its
predecessor Trustee, with the full force and effect which this Indenture provides for the
certificate of authentication of the Trustee.

Section 6.13 Preferential Collection of Claims Against Company. 

     (a) Subject to subsection (b) of this Section, if the Trustee shall be or shall become a
creditor, directly or indirectly, secured or unsecured, of the Company within three months prior to
a default, as defined in subsection (c) of this Section, or subsequent to such default, then,

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unless and until such default shall be cured, the Trustee shall set apart and hold in a
special account for the benefit of the Trustee individually, the Holders of the Debt Securities and
of the Coupons, if any, and the holders of other indenture securities (as defined in subsection (c)
of this Section):

     (1) an amount equal to any and all reductions in the amount due and owing upon any
claim as such creditor in respect of principal or interest, effected after the beginning of
such three-month period and valid as against the Company and its other creditors, except any
such reduction resulting from the receipt or disposition of any property described in
paragraph (2) of this subsection, or from the exercise of any right of set-off which the
Trustee could have exercised if a voluntary or involuntary case had been commenced in
respect of the Company under the Federal bankruptcy laws, as now or hereafter constituted,
or any other applicable Federal or State bankruptcy, insolvency or other similar law upon
the date of such default; and

     (2) all property received by the Trustee in respect of any claim as such creditor,
either as security therefor, or in satisfaction or composition thereof, or otherwise, after
the beginning of such three-month period, or an amount equal to the proceeds of any such
property, if disposed of, subject, however, to the rights, if any, of the Company and its
other creditors in such property or such proceeds.

     Nothing herein contained, however, shall affect the right of the Trustee:

     (A) to retain for its own account (i) payments made on account of any such claim by any
Person (other than the Company) who is liable thereon, and (ii) the proceeds of the bona
fide sale of any such claim by the Trustee to a third Person, and (iii) distributions made
in cash, securities or other property in respect of claims filed against the Company in
bankruptcy or receivership or in proceedings or reorganization pursuant to the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or other similar law;

     (B) to realize, for its own account, upon any property held by it as security for any
such claim, if such property was so held prior to the beginning of such three-month period;

     (C) to realize, for its own account, but only to the extent of the claim hereinafter
mentioned, upon any property held by it as security for any such claim, if such claim was
created after the beginning of such three-month period and such property was received as
security therefor simultaneously with the creation thereof, and if the Trustee shall sustain
the burden of proving that at the time such property was so received the Trustee had no
reasonable cause to believe that a default, as defined in subsection (c) of this Section,
would occur within three months, or

     (D) to receive payment on any claim referred to in paragraph (B) or (C) against the
release of any property held as security for such claim as provided in paragraph (B) or (C),
as the case may be, to the extent of the fair value of such property.

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     For the purposes of paragraphs (B), (C) and (D), property substituted after the beginning of
such three-month period for property held as security at the time of such substitution shall, to
the extent of the fair value of the property released, have the same status as the property
released, and, to the extent that any claim referred to in any of such paragraphs is created in
renewal of or in substitution for or for the purpose of repaying or refunding any pre-existing
claim of the Trustee as such creditor, such claim shall have the same status as such pre-existing
claim.

     If the Trustee shall be required to account, the funds and property held in such special
account and the proceeds thereof shall be apportioned among the Trustee, the Holders and the
holders of other indenture securities in such manner that the Trustee, the Holders and the holders
of other indenture securities realize, as a result of payments from such special account and
payments of dividends on claims filed against the Company in bankruptcy or receivership or in
proceedings for reorganization pursuant to the Federal bankruptcy laws, as now or hereafter
constituted or any other applicable Federal or State bankruptcy, insolvency or other similar law,
the same percentage of their respective claims, figured before crediting to the claim of the
Trustee anything on account of the receipt by it from the Company of the funds and property in such
special account and before crediting to the respective claims of the Trustee and the Holders and
the holders of other indenture securities dividends on claims filed against the Company in
bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal bankruptcy
laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or other similar law, but after crediting thereon receipts on account of the
indebtedness represented by their respective claims from all sources other than from such dividends
and from the funds and property so held in such special account. As used in this paragraph, with
respect to any claim, the term “dividends” shall include any distribution with respect to such
claim, in bankruptcy or receivership or proceedings for reorganization pursuant to the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or other similar law, whether such distribution is made in cash, securities,
or other property, but shall not include any such distribution with respect to the secured portion,
if any, of such claim. The court in which such bankruptcy, receivership or proceedings for
reorganization is pending shall have jurisdiction (i) to apportion among the Trustee and the
Holders and the holders of other indenture securities, in accordance with the provisions of this
paragraph, the funds and property held in such special account and proceeds thereof, or (ii) in
lieu of such apportionment, in whole or in part, to give to the provisions of this paragraph due
consideration in determining the fairness of the distributions to be made to the Trustee and the
Holders and the holders of other indenture securities with respect to their respective claims, in
which event it shall not be necessary to liquidate or to appraise the value of any securities or
other property held in such special account or as security for any such claim, or to make a
specific allocation of such distributions as between the secured and unsecured portions of such
claim, or otherwise to apply the provisions of this paragraph as a mathematical formula.

     Any Trustee which has resigned or been removed after the beginning of such three-month period
shall be subject to the provisions of this subsection as though such resignation or removal had not
occurred. If any Trustee has resigned or been removed prior to the beginning of such three-month
period, it shall be subject to the provisions of this subsection if and only if the following
conditions exist:

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     (i) the receipt of property or reduction of claim, which would have given rise to the
obligation to account, if such Trustee had continued as Trustee, occurred after the
beginning of such three-month period; and

     (ii) such receipt of property or reduction of claim occurred within three months after
such resignation or removal.

     (b) There shall be excluded from the operation of subsection (a) of this Section a creditor
relationship arising from:

     (1) the ownership or acquisition of securities issued under any indenture, or any
security or securities having a maturity of one year or more at the time of acquisition by
the Trustee;

     (2) advances authorized by a receivership or bankruptcy court of competent jurisdiction
or by this Indenture, for the purpose of preserving any property which shall at any time be
subject to the Lien of this Indenture or of discharging tax liens or other prior liens or
encumbrances thereon, if notice of such advances and of the circumstances surrounding the
making thereof is given to the Holders at the time and in the manner provided in this
Indenture;

     (3) disbursements made in the ordinary course of business in the capacity of trustee
under an indenture, transfer agent, registrar, custodian, paying agent, fiscal agent or
depositary, or other similar capacity;

     (4) an indebtedness created as a result of services rendered or premises rented, or an
indebtedness created as a result of goods or securities sold in a cash transaction as
defined in subsection (c) of this Section;

     (5) the ownership of stock or of other securities of a corporation organized under the
provisions of Section 25(a) of the Federal Reserve Act, as amended, which is directly or
indirectly a creditor of the Company; and

     (6) The acquisition, ownership, acceptance or negotiation of any drafts, bills of
exchange, acceptances or obligations which fall within the classification of
self-liquidating paper as defined in subsection (c) of this Section.

     (c) For the purposes of this Section only:

     (1) The term “default” means any failure to make payment in full of the principal of or
interest on any of the Debt Securities or upon the other indenture securities when and as
such principal or interest becomes due and payable.

     (2) The term “other indenture securities” means securities upon which the Company is an
obligor outstanding under any other indenture (i) under which the Trustee is also trustee,
(ii) which contains provisions substantially similar to the provisions of this Section, and
(iii) under which a default exists at the time of the apportionment of the funds and
property held in such special account.

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     (3) 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 and payable upon demand.

     (4) 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.

     (5) The term “Company” means any obligor upon the Debt Securities.

Section 6.14 Appointment of Authenticating Agent. 

     As long as any Debt Securities of a series remain Outstanding, upon a Company Request, there
shall be an authenticating agent (the “Authenticating Agent”) appointed, for such period as the
Company shall elect, by the Trustee for such series of Debt Securities to act as its agent on its
behalf and subject to its direction in connection with the authentication and delivery of each
series of Debt Securities for which it is serving as Trustee. Debt Securities of each such series
authenticated by such Authenticating Agent shall be entitled to the benefits of this Indenture and
shall be valid and obligatory for all purposes as if authenticated by such Trustee. Wherever
reference is made in this Indenture to the authentication and delivery of Debt Securities of any
series by the Trustee for such series or to the Trustee’s Certificate of Authentication, such
reference shall be deemed to include authentication and delivery on behalf of the Trustee for such
series by an Authenticating Agent for such series and a Certificate of Authentication executed on
behalf of such Trustee by such Authenticating Agent. Such 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 thereof, authorized under such laws to exercise corporate trust powers, having a combined
capital and surplus of at least $5,000,000 and subject to supervision or examination by Federal or
State authority. If such Authenticating Agent publishes reports of condition at least annually,
pursuant to law or to the requirements of said supervising or examining authority, then for
purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be
deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with
the provisions of this Section, such Authenticating Agent shall resign immediately in the manner
and with the effect specified in this Section.

     Any corporation into which any Authenticating Agent may be merged or converted, or with which
it may be consolidated, or any corporation resulting from any merger, conversion or consolidation
to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency business of any Authenticating Agent, shall continue to be the Authenticating Agent with
respect to all series of Debt Securities for which it served as

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Authenticating Agent without the execution or filing of any paper or any further act on the
part of the Trustee for such series or such Authenticating Agent. Any Authenticating Agent may at
any time, and if it shall cease to be eligible shall, resign by giving written notice of
resignation to the applicable Trustee 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 6.14 with respect to one or more or all series of Debt Securities, the Trustee for such
series shall upon Company Request appoint a successor Authenticating Agent, and the Company shall
provide notice of such appointment to all Holders of Debt Securities of such series in the manner
and to the extent provided in Section 1.05. Any successor Authenticating Agent upon acceptance of
its appointment hereunder shall become vested with all rights, powers, duties and responsibilities
of its predecessor hereunder, with like effect as if originally named as Authenticating Agent
herein. The Trustee for the Debt Securities of such series agrees to pay to the Authenticating
Agent for such series from time to time reasonable compensation for its services, and the Trustee
shall be entitled to be reimbursed for such payment, subject to the provisions of Section 6.07. The
Authenticating Agent for the Debt Securities of any series shall have no responsibility or
liability for any action taken by it as such in good faith and without negligence at the direction
of the Trustee for such series.

     If an appointment with respect to one or more series is made pursuant to this Section, the
Debt Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate
of authentication, an alternative certificate of authentication in the following form:

     This is one of the Debt Securities of the series designated therein referred to in the within
mentioned Indenture.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	,	 
	 	 	As Trustee	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Dated:

	 	By:	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	As Authenticating Agent	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 	 	 

ARTICLE VII

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

Section 7.01 Company to Furnish Trustee Names and Addresses of Holders. 

     The Company will furnish or cause to be furnished to the Trustee with respect to Registered
Securities of each series for which it acts as Trustee:

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     (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 Registered Securities of such series (or on semiannual
dates in each year to be determined pursuant to Section 3.01 if the Registered Securities of such
series do not bear interest), a list, in such form as the Trustee may reasonably require, of the
names and addresses of the Registered Holders as of the date 15 days next preceding each such
Regular Record Date (or such semiannual dates, as the case may be); and

     (b) at such other times as the Trustee may request in writing, within 15 days after the
receipt by the Company of any such request, a list of similar form and content as of a date not
more than 15 days prior to the time such list is furnished;

     provided, however, that if and so long as the Trustee shall be the Security Registrar for such
series, no such list need be furnished.

     The Company shall also be required to furnish to the Trustee at all such times set forth above
all 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 Bearer Securities of all series;
provided, however, that the Company shall have no obligation to investigate any matter relating to
any Holders of Bearer Securities of any series.

Section 7.02 Preservation of Information; Communication to Holders. 

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of Holders contained in the most recent list furnished to
the Trustee as provided in Section 7.01 received by it in the capacity of Paying Agent (if so
acting) hereunder, and filed with it within the two preceding years pursuant to Section 7.03(c)(2).

     The Trustee may destroy any list furnished to it as provided in Section 7.01 upon receipt of a
new list so furnished, destroy any information received by it as Paying Agent (if so acting)
hereunder upon delivering to itself as Trustee, not earlier than 45 days after an Interest Payment
Date, a list containing the names and addresses of the Holders obtained from such information since
the delivery of the next previous list, if any, destroy any list delivered to itself as Trustee
which was compiled from information received by it as Paying Agent (if so acting) hereunder upon
the receipt of a new list so delivered, and destroy not earlier than two years after filing, any
information filed with it pursuant to Section 7.03(c)(2).

     (b) If three or more Holders (hereinafter referred to as “applicants”) apply in writing to the
Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Debt
Security 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 Debt Securities
of a particular series (in which case the applicants must hold Debt Securities of such series) or
with all Holders of Debt Securities with respect to their rights under this Indenture or under the
Debt Securities 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 Section 7.02(a), or

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     (ii) inform such applicants as to the approximate number of Holders of Debt Securities of such
series or of all Debt Securities, as the case may be, whose names and addresses appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a), and as to the
approximate cost of mailing to such Holders the form of proxy or other communication, specified in
such application.

     If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon written request of such applicants, mail to the Holders of Debt Securities of
such series or all Holders, as the case may be, whose names and addresses appear in the information
preserved at the time by the Trustee in accordance with Section 7.02(a), a copy of the form of
proxy or other communication which is specified in such request, with reasonable promptness after a
tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of
the reasonable expenses of mailing, unless within five days after such tender, the Trustee shall
mail to such applicants and file with the Commission, together with a copy of the material to be
mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would
be contrary to the best interests of the Holders of Debt Securities of such series or all Holders,
as the case may be, or would be in violation of applicable law. Such written statement shall
specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the
objections specified in the written statement so filed, shall enter an order refusing to sustain
any of such objections or if after the entry of an order sustaining one or more of such objections,
the Commission shall find, after notice and opportunity for hearing, that all the objections so
sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of
such material to all such Holders with reasonable promptness after the entry of such order and the
renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty to such
applicants respecting their application.

     (c) Every Holder of Debt Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor 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 Section 7.02(b), regardless of the source from which such information was derived,
and that the Trustee shall not be held accountable by reason of mailing of any material pursuant to
a request made under Section 7.02(b).

Section 7.03 Reports by Trustee. 

     (a) Within
60 days after ___ ___of each year,
commencing ___ ___, 20___, the Trustee shall,
to the extent required by the Trust Indenture Act, transmit to all Holders of Debt Securities of
any series with respect to which it acts as Trustee, in the manner hereinafter provided in this
Section 7.03, a brief report dated as of such date with respect to any of the following events
which may have occurred within the previous 12 months (but if no such event has occurred within
such period no report need be transmitted):

     (1) any change to its eligibility under Section 6.09 and its qualifications under
Section 6.08;

     (2) the creation of or any material change to a relationship specified in paragraph (1)
through (10) of Section 6.08(c) of this Indenture;

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     (3) the character and amount of any advances (and if the Trustee elects so to state,
the circumstances surrounding the making thereof) made by the Trustee (as such) which remain
unpaid on the date of such report, and for the reimbursement of which it claims or may claim
a lien or charge, prior to that of the Debt Securities of such series, on any property or
funds held or collected by it as Trustee, except that the Trustee shall not be required (but
may elect) to report such advances if such advances so remaining unpaid aggregate not more
than 1/2 of 1% of the principal amount of the Outstanding Debt Securities of such series on
the date of such report;

     (4) any change to the amount, interest rate and maturity date of all other indebtedness
owing by the Company (or any other obligor on the Debt Securities of such series) to the
Trustee in its individual capacity, on the date of such report, with a brief description of
any property held as collateral security therefor, except an indebtedness based upon a
creditor relationship arising in any manner described in Section 6.13(b)(2), (3), (4) or
(6);

     (5) any change to the property and funds, if any, physically in the possession of the
Trustee as such on the date of such report;

     (6) any additional issue of Debt Securities which the Trustee has not previously
reported; and

     (7) any action taken by the Trustee in the performance of its duties hereunder which it
has not previously reported and which in its opinion materially affects the Debt Securities
of such series, except action in respect of a default, notice of which has been or is to be
withheld by the Trustee in accordance with Section 6.02.

     (b) The Trustee shall transmit by mail to all Holders of Debt Securities of any series (whose
names and addresses appear in the information preserved at the time by the Trustee in accordance
with Section 7.02 (a)) for which it acts as the Trustee, as hereinafter provided, a brief report
with respect to the character and amount of any advances (and if the Trustee elects so to state,
the circumstances surrounding the making thereof) made by the Trustee (as such) since the date of
the last report transmitted pursuant to subsection (a) of this Section (or if no such report has
yet been so transmitted, since the date of execution of this Indenture) for the reimbursement of
which it claims or may claim a lien or charge, prior to that of the Debt Securities of such series,
on property or funds held or collected by it as Trustee, and which it has not previously reported
pursuant to this subsection, except that the Trustee for each series shall not be required (but may
elect) to report such advances if such advances remaining unpaid at any time aggregate 10% or less
of the principal amount of the Debt Securities of such series Outstanding at such time, such report
to be transmitted within 90 days after such time.

     (c) Reports pursuant to this Section 7.03 with respect to Registered Securities shall be
transmitted by mail:

     (1) to all Holders of Registered Securities, as the names and addresses of such Holders
of Registered Securities appear in the Security Register;

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     (2) to such Holders of Bearer Securities of any series as have, within two years
preceding such transmission, filed their names and addresses with the Trustee for such
series for that purpose; and

     (3) except in the cases of reports pursuant to subsection (b) of this Section 7.03, to
each Holder of a Debt Security of any series whose name and address appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a).

     Reports pursuant to this Section 7.03 with respect to Bearer Securities shall be published in
accordance with Section 1.05.

     (d) A copy of each such report shall, at the time of such transmission to Holders, be filed by
the Trustee with each stock exchange upon which any Debt Securities of such series are listed, with
the Commission and also with the Company. The Company will notify the Trustee when any series of
Debt Securities are listed on any stock exchange.

Section 7.04 Reports by Company.

     The Company will:

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

     (2) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and reports
with respect to compliance by the Company with the conditions and covenants of this Indenture as
may be required from time to time by such rules and regulations; and

     (3) transmit to all Holders of Debt Securities, in the manner and to the extent provided in
Section 7.03, 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 (1)
and (2) of this Section as may be required by rules and regulations prescribed from time to time by
the Commission.

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ARTICLE VIII

CONCERNING THE HOLDERS

Section 8.01 Acts of Holders.

     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 an agent
or proxy 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. Whenever in this Indenture it is provided that the
Holders of a specified percentage in aggregate principal amount of the Outstanding Debt Securities
of any series may take any Act, the fact that the Holders of such specified percentage have joined
therein may be evidenced (a) by the instrument or instruments executed by Holders in person or by
agent or proxy appointed in writing, or (b) by the record of Holders voting in favor thereof at any
meeting of such Holders duly called and held in accordance with the provisions of Article Nine, or
(c) by a combination of such instrument or instruments and any such record of such a meeting of
Holders.

Section 8.02 Proof of Ownership; Proof of Execution of Instruments by Holder. 

     The ownership of Registered Securities of any series shall be proved by the Security Register
for such series or by a certificate of the Security Registrar for such series.

     The ownership of Bearer Securities shall be proved by production of such Bearer Securities or
by a certificate executed by any bank or trust company, which certificate shall be dated and shall
state that on the date thereof a Bearer Security bearing a specified identifying number or other
mark was deposited with or exhibited to the person executing such certificate by the person named
in such certificate, or by any other proof of possession reasonably satisfactory to the Trustee.
The holding by the person named in any such certificate of any Bearer Security specified therein
shall be presumed to continue for a period of one year unless at the time of determination of such
holding (1) another certificate bearing a later date issued in respect of the same Bearer Security
shall be produced, (2) such Bearer Security shall be produced by some other person, (3) such Bearer
Security shall have been registered on the Security Register, if, pursuant to Section 3.01, such
Bearer Security can be so registered, or (4) such Bearer Security shall have been canceled or paid.

     Subject to the provisions of Sections 6.01, 6.03 and 9.05, proof of the execution of a writing
appointing an agent or proxy and of the execution of any instrument by a Holder or his agent or
proxy shall be sufficient and conclusive in favor of the Trustee and the Company if made in the
following manner:

     The fact and date of the execution by any such person of any instrument may be proved by the
certificate of any notary public, or other officer authorized to take acknowledgments of

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deeds, that the person executing such instrument acknowledged to him the execution thereof, or
by an affidavit of a witness to such execution sworn to before any such notary or other such
officer. Where such execution is by an officer of a corporation or association or a member of a
partnership on behalf of such corporation, association or partnership, as the case may be, or by
any other person acting in a representative capacity, such certificate or affidavit shall also
constitute sufficient proof of his authority.

     The record of any Holders’ meeting shall be proved in the manner provided in Section 9.06.

     The Trustee may in any instance require further proof with respect to any of the matters
referred to in this Section so long as the request is a reasonable one.

Section 8.03 Persons Deemed Owners.

     The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in
whose name any Registered Security is registered as the owner of such Registered Security for the
purpose of receiving payment of the principal of (and premium, if any) and (subject to Section
3.07) interest, if any, on such Registered Security and for all other purposes whatsoever, whether
or not such Registered 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. The Company, the Trustee,
and any agent of the Company or the Trustee may treat the Holder of any Bearer Security or of any
Coupon as the absolute owner of such Bearer Security or Coupon for the purposes of receiving
payment thereof or on account thereof and for all other purposes whatsoever, whether or not such
Bearer Security or Coupon 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. All payments made to any
Holder, or upon his order, shall be valid, and, to the extent of the sum or sums paid, effectual to
satisfy and discharge the liability for moneys payable upon such Debt Security or Coupon.

Section 8.04 Revocation of Consents; Future Holders Bound. 

     At any time prior to (but not after) the evidencing to the Trustee, as provided in Section
8.01, of the taking of any Act by the Holders of the percentage in aggregate principal amount of
the Outstanding Debt Securities specified in this Indenture in connection with such Act, any Holder
of a Debt Security the number, letter or other distinguishing symbol of which is shown by the
evidence to be included in the Debt Securities the Holders of which have consented to such Act may,
by filing written notice with the Trustee at the Corporate Trust Office and upon proof of ownership
as provided in Section 8.02, revoke such Act so far as it concerns such Debt Security. Except as
aforesaid, any such Act taken by the Holder of any Debt Security shall be conclusive and binding
upon such Holder and, subject to the provisions of Section 5.08, upon all future Holders of such
Debt Security and all past, present and future Holders of Coupons, if any, appertaining thereto and
of any Debt Securities and Coupons issued on transfer or in lieu thereof or in exchange or
substitution therefor, irrespective of whether or not any notation in regard thereto is made upon
such Debt Security or Coupons or such other Debt Securities or Coupons.

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ARTICLE IX

HOLDERS’ MEETINGS

Section 9.01 Purposes of Meetings.

     A meeting of Holders of any or all series may be called at any time and from time to time
pursuant to the provisions of this Article Nine for any of the following purposes:

     (1) to give any notice to the Company or to the Trustee for such series, or to give any
directions to the Trustee for such series, or to consent to the waiving of any default or Event of
Default hereunder and its consequences, or to take any other action authorized to be taken by
Holders pursuant to any of the provisions of Article Five;

     (2) to remove the Trustee for such series and appoint a successor Trustee pursuant to the
provisions of Article Six;

     (3) to consent to the execution of an indenture or indentures supplemental hereto pursuant to
the provisions of Section 11.02; or

     (4) to take any other action authorized to be taken by or on behalf of the Holders of any
specified aggregate principal amount of the Outstanding Debt Securities of any one or more or all
series, as the case may be, under any other provision of this Indenture or under applicable law.

Section 9.02 Call of Meetings by Trustee. 

     The Trustee for any series may at any time call a meeting of Holders of such series to take
any action specified in Section 9.01, to be held at such time or times and at such place or places
as the Trustee for such series shall determine. Notice of every meeting of the Holders of any
series, setting forth the time and the place of such meeting and in general terms the action
proposed to be taken at such meeting, shall be given to Holders of such series in the manner and to
the extent provided in Section 1.05. Such notice shall be given not less than 20 days nor more than
90 days prior to the date fixed for the meeting.

Section 9.03 Call of Meetings by Company or Holders. 

     In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least
10% in aggregate principal amount of the Outstanding Debt Securities of a series or of all series,
as the case may be, shall have requested the Trustee for such series to call a meeting of Holders
of any or all such series by written request setting forth in reasonable detail the action proposed
to be taken at the meeting, and the Trustee shall not have given the notice of such meeting within
20 days after the receipt of such request, then the Company or such Holders may determine the time
or times and the place or places for such meetings and may call such meetings to take any action
authorized in Section 9.01, by giving notice thereof as provided in Section 9.02.

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Section 9.04 Qualifications for Voting. 

     To be entitled to vote at any meeting of Holders a Person shall be (a) a Holder of a Debt
Security of the series with respect to which such meeting is being held or (b) a Person appointed
by an instrument in writing as agent or proxy by such Holder. The only Persons who shall be
entitled to be present or to speak at any meeting of Holders shall be the Persons entitled to vote
at such meeting and their counsel and any representatives of the Trustee for the series with
respect to which such meeting is being held and its counsel and any representatives of the Company
and its counsel.

Section 9.05 Regulations.

     Notwithstanding any other provisions of this Indenture, the Trustee for any series may make
such reasonable regulations as it may deem advisable for any meeting of Holders of such series, in
regard to proof of the holding of Debt Securities of such series and of the appointment of proxies,
and in regard to the appointment and duties of inspectors of votes, the submission and examination
of proxies, certificates and other evidence of the right to vote, and such other matters concerning
the conduct of the meeting as it shall deem appropriate.

     The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting,
unless the meeting shall have been called by the Company or by Holders of such series as provided
in Section 9.03, in which case the Company or the Holders calling the meeting, as the case may be,
shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary
of the meeting shall be elected by a majority vote of the meeting.

     Subject to the provisos in the definition of “Outstanding,” at any meeting each Holder of a
Debt Security of the series with respect to which such meeting is being held or proxy therefor
shall be entitled to one vote for each $1,000 principal amount (or such other amount as shall be
specified as contemplated by Section 3.01) of Debt Securities of such series held or represented by
him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Debt
Security challenged as not Outstanding and ruled by the chairman of the meeting to be not
Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of
Outstanding Debt Securities of such series held by him or instruments in writing duly designating
him as the person to vote on behalf of Holders of Debt Securities of such series. Any meeting of
Holders with respect to which a meeting was duly called pursuant to the provisions of Section 9.02
or 9.03 may be adjourned from time to time by a majority of such Holders present and the meeting
may be held as so adjourned without further notice.

Section 9.06 Voting.

     The vote upon any resolution submitted to any meeting of Holders with respect to which such
meeting is being held shall be by written ballots on which shall be subscribed the signatures of
such Holders or of their representatives by proxy and the serial number or numbers of the Debt
Securities held or represented by them. The permanent chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against any resolution and
who shall make and file with the secretary of the meeting their verified written reports in
duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of

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each meeting of Holders shall be taken and there shall be attached to said record the original
reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or
more persons having knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was transmitted as provided in Section 9.02. The record shall show the
serial numbers of the Debt Securities voting in favor of or against any resolution. The record
shall be signed and verified by the affidavits of the permanent chairman and secretary of the
meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to
be preserved by the Trustee.

     Any record so signed and verified shall be conclusive evidence of the matters therein stated.

Section 9.07 No Delay of Rights by Meeting. 

     Nothing contained in this Article Nine shall be deemed or construed to authorize or permit, by
reason of any call of a meeting of Holders or any rights expressly or impliedly conferred hereunder
to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or
reserved to the Trustee or to any Holder under any of the provisions of this Indenture or of the
Debt Securities of any series.

ARTICLE X

CONSOLIDATION, MERGER, CONVEYANCE,

TRANSFER OR LEASE

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, and the Company shall
not permit any Person to consolidate with or merge into the Company or convey, transfer or lease
all or substantially all of its properties and assets to the Company, unless:

     (1) in case the Company shall consolidate with or merge into another person or convey,
transfer or lease all or substantially all of its properties and assets to any Person, the
Person formed by such consolidation or into which the Company is merged or the Person which
acquires by conveyance or transfer, or which leases, all or substantially all of the
properties and assets of the Company shall be a corporation, partnership or trust, shall be
organized and validly 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, in form satisfactory to the
Trustee, the due and punctual payment of the principal of (and premium, if any) and interest
on all the Debt 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 which, after notice or lapse of time or both, would become an Event of Default, shall
have occurred and be continuing; and

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     (3) if, as a result of any such consolidation or merger or such conveyance, transfer or
lease, properties or assets of the Company would become subject to a mortgage, pledge, lien,
security interest or other encumbrance which would not be permitted by this Indenture, the
Company or such successor Person, as the case may be, shall take such steps as shall be
necessary effectively to secure the Debt Securities equally and ratably with (or prior to)
all Indebtedness secured thereby; and

     (4) the Company has delivered to the Trustee an Officers’ 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, such supplemental
indenture comply with this Article and that all conditions precedent herein provided for
relating to such transaction have been complied with.

Section 10.02 Successor Substituted.

     Upon any consolidation of the Company with, or merger of the Company into, any other Person or
any conveyance, transfer or lease of the properties and assets of the Company substantially as an
entirety in accordance with Section 10.01, the successor Person formed by such consolidation or
into which the Company is merged or to which such conveyance, transfer or lease 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 Person had been named as the Company
herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of
all obligations and covenants under this Indenture and the Debt Securities.

ARTICLE XI

SUPPLEMENTAL INDENTURES

Section 11.01 Supplemental Indentures Without Consent of Holders. 

     Without prior notice to or the consent of any Holders, the Company, when authorized by a 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:

     (1) to evidence the succession of another Corporation to the rights of the Company and the
assumption by such successor of the covenants and other obligations of the Company herein and in
the Debt Securities and Coupons, if any, contained; or

     (2) to add to the covenants of the Company, for the benefit of the Holders of all or any
series of Debt Securities and the Coupons, if any, appertaining thereto (and if such covenants are
to be for the benefit of less than all series, stating that such covenants are expressly being
included solely for the benefit of such series), or to surrender any right or power herein
conferred upon the Company; or

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     (3) to add any additional Events of Default (and if such Events of Default are to be
applicable to less than all series, stating that such Events of Default are expressly being
included solely to be applicable to such series); or

     (4) to add or change any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the issuance of Debt Securities of any series in bearer form,
registrable or not registrable, and with or without Coupons, to permit Bearer Securities to be
issued in exchange for Registered Securities, to permit Bearer Securities to be issued in exchange
for Bearer Securities of other authorized denominations or to permit the issuance of Debt
Securities of any series in uncertificated form, provided that any such action shall not adversely
affect the interests of the Holders of Debt Securities of any series or any related Coupons in any
material respect; or

     (5) to change or eliminate any of the provisions of this Indenture, provided that any such
change or elimination shall become effective only when there is no Outstanding Debt Security or
Coupon of any series created prior to the execution of such supplemental indenture which is
entitled to the benefit of such provision and as to which such supplemental indenture would apply;
or

     (6) to secure the Debt Securities; or

     (7) 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 Four or Fifteen, provided that any such action shall not adversely affect the interests of
the Holders of Debt Securities of such series or any other series of Debt Securities or any related
Coupons in any material respect; or

     (8) to establish the form or terms of Debt Securities and Coupons, if any, of any series as
permitted by Sections 2.01 and 3.01; or

     (9) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to one or more series of Debt 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 6.11; or

     (10) to make provision with respect to the conversion rights of Holders of Debt Securities of
any series pursuant to the requirements of Section 17.04, unless otherwise provided pursuant to
Section 3.01; or

     (11) to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, to eliminate any conflict between the
terms of this Indenture or the Debt Securities and the Trust Indenture Act or to make any other
provisions with respect to matters or questions arising under this Indenture which shall not be
inconsistent with any provision of this Indenture; provided such other provisions shall not
adversely affect the interests of the Holders of Outstanding Debt Securities or Coupons, if any, of
any series created prior to the execution of such supplemental indenture in any material respect;
or

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     (12) to alter the provisions of Section 3.10 (e) hereof and establish any other provisions in
respect of Debt Securities issued in a Foreign Currency; provided that any such change shall become
effective only when there is no Outstanding Debt Security or Coupon of any series created prior to
the execution of such supplemental indenture which is entitled to the benefit of such provisions
and as to which such supplemental indenture would apply.

Section 11.02 Supplemental Indentures With Consent of Holders. 

     With the written consent of the Holders of not less than a majority in principal amount of the
Outstanding Debt Securities of each series affected by such supplemental indenture voting
separately, by Act of said Holders delivered to the Company and the Trustee, the Company, when
authorized by a 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 under this Indenture of such Debt Securities or Coupons, if any; provided, however, that no
such supplemental indenture shall, without the consent of the Holder of each Outstanding Debt
Security of each such series affected thereby,

     (1) change the Stated Maturity of the principal of, or installment of interest, if any, on,
any Debt Security, or reduce the principal amount thereof or the interest thereon or any premium
payable upon redemption thereof, or change the Stated Maturity of or reduce the amount of any
payment to be made with respect to any Coupon, or change the Currency or Currencies in which the
principal of (and premium, if any) or interest on such Debt Security is denominated or payable, or
reduce the amount of the principal of a Discount Security that would be due and payable upon a
declaration of acceleration of the Maturity thereof pursuant to Section 5.02, or adversely affect
the right of repayment or repurchase, if any, at the option of the Holder, or reduce the amount of,
or postpone the date fixed for, any payment under any sinking fund or analogous provisions for any
Debt Security, or impair the right to institute suit for the enforcement of any payment on or after
the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or
limit the obligation of the Company to maintain a paying agency outside the United States for
payment on Bearer Securities as provided in Section 12.03; or

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

     (3) modify any of the provisions of this Section, Section 5.13 or Section 12.07, 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 Outstanding Debt Security of each
series affected thereby; provided, however, that this clause shall not be deemed to require the
consent of any Holder with respect to changes in the references to “the Trustee” and concomitant
changes in this Section and Section 12.07, or the deletion of this proviso, in accordance with the
requirements of Sections 6.11 and 11.01(7); or

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     (4) modify any of the provisions of this Indenture relating to the subordination of the Debt
Securities in a manner adverse to the Holders.

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

     A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture with respect to one or more particular series of Debt Securities and Coupons, if any, or
which modifies the rights of the Holders of Debt Securities and Coupons of 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 Debt Securities and Coupons, if any, of any other series.

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 shall be entitled to receive, and (subject to Section 6.01) 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 and that all conditions have been met. The Trustee may,
but shall not be obligated to, enter into any such supplemental indenture which adversely affects
the Trustee’s own rights, duties or immunities under this Indenture or otherwise in a material way.

Section 11.04 Effect of Supplemental Indentures. 

     Upon the execution of any supplemental indenture under this Article, this Indenture shall be
modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Debt Securities and Coupons theretofore or
thereafter authenticated and delivered hereunder shall be bound thereby.

Section 11.05 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 11.06 Reference in Debt Securities to Supplemental Indentures. 

     Debt Securities and Coupons, if any, 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 Debt Securities and Coupons of any
series 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 the Trustee in exchange for Outstanding Debt Securities and Coupons of such series.

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Section 11.07 Notice of Supplemental Indenture. 

     Promptly after the execution by the Company and the appropriate Trustee of any supplemental
indenture pursuant to Section 11.02, the Company shall transmit, in the manner and to the extent
provided in Section 1.05, to all Holders of any series of the Debt Securities affected thereby, a
notice setting forth in general terms the substance of such supplemental indenture.

Section 11.08 Effect on Senior Indebtedness. 

     No supplemental indenture entered into under this Article 11 shall modify, directly or
indirectly, the provisions of Article Sixteen or the definition of Senior Indebtedness in Section
1.01 in any manner that might alter or impair the subordination of the Debt Securities with respect
to the Senior Indebtedness then outstanding, unless each holder of such Senior Indebtedness has
consented thereto in writing.

ARTICLE XII

COVENANTS

Section 12.01 Payment of Principal, Premium and Interest.

     The Company covenants and agrees for the benefit of each series of Debt Securities and
Coupons, if any, that it will duly and punctually pay the principal of (and premium, if any) and
interest on the Debt Securities in accordance with the terms of the Debt Securities, the Coupons
and this Indenture. Unless otherwise specified as contemplated by Section 3.01 with respect to any
series of Debt Securities or except as otherwise provided in Section 3.06, any interest due on
Bearer Securities on or before Maturity shall be payable only upon presentation and surrender of
the several Coupons for such interest installments as are evidenced thereby as they severally
mature. If so provided in the terms of any series of Debt Securities established as provided in
Section 3.01, the interest, if any, due in respect of any temporary Global Note or permanent Global
Note, together with any additional amounts payable in respect thereof, as provided in the terms and
conditions of such Debt Security, shall be payable only upon presentation of such Debt Security to
the Trustee for notation thereon of the payment of such interest.

Section 12.02 Officer’s Certificate as to Default.

     The Company will deliver to the Trustee, on or before a date not more than four months after
the end of each fiscal year of the Company (which on the date hereof is the calendar year) ending
after the date hereof, a certificate of the principal executive officer, principal financial
officer or principal accounting officer of the Company stating whether or not to the best knowledge
of the signer thereof the Company is in compliance with all covenants and conditions under this
Indenture, and, if the Company shall be in default, specifying all such defaults and the nature
thereof of which such signer may have knowledge. For purposes of this Section, such compliance
shall be determined without regard to any period of grace or requirement of notice provided under
this Indenture.

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Section 12.03 Maintenance of Office or Agency. 

     If Debt Securities of a series are issuable only as Registered Securities, the Company will
maintain or cause to be maintained in each Place of Payment for such series an office or agency
where Debt Securities of that series may be presented or surrendered for payment, where Debt
Securities of that series may be surrendered for registration of transfer or exchange or
redemption, and where notices and demands to or upon the Company in respect of the Debt Securities
of that series and this Indenture may be served. If Debt Securities of a series are issuable as
Bearer Securities, the Company will maintain (A) in the Borough of Manhattan, The City and State of
New York, an office or agency where any Registered Securities of that series, if any, may be
presented or surrendered for payment, where any Registered Securities of that series, if any, may
be surrendered for registration of transfer, where Debt Securities of that series may be
surrendered for exchange or redemption, where Debt Securities of that series that are convertible
may be surrendered for conversion, where notices and demands to or upon the Company in respect of
the Debt Securities of that series and this Indenture may be served and where Bearer Securities of
that series and related Coupons may be presented or surrendered for payment in the circumstances
described in the following paragraph (and not otherwise), (B) subject to any laws or regulations
applicable thereto, in a Place of Payment for that series which is located outside the United
States, an office or agency where Bearer Securities of that series and related Coupons may be
presented and surrendered for payment (including payment of any additional amounts payable on Debt
Securities of that series, if so provided pursuant to Section 3.01); provided, however, that if the
Debt Securities of that series are listed on The Stock Exchange of the United Kingdom and the
Republic of Ireland, the Luxembourg Stock Exchange or any other stock exchange located outside the
United States and such stock exchange shall so require, the Company will maintain a Paying Agent
for the Debt Securities of that series in London, Luxembourg or any other required city located
outside the United States, as the case may be, so long as the Debt Securities of that series are
listed on such exchange, and (C) subject to any laws or regulations applicable thereto, in a Place
of Payment for that series located outside the United States an office or agency where any
Registered Securities of that series may be surrendered for registration of transfer, where Debt
Securities of that series may be surrendered for exchange and redemption, and where notices and
demands to or upon the Company in respect of the Debt Securities of that series and this Indenture
may be served. The Company will give prompt written notice to the Trustee of the locations, and any
change in the locations, of such offices or agencies. If at any time the Company shall fail to
maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office of the Trustee, except that Bearer Securities of that series and the related Coupons
may be presented and surrendered for payment at the offices specified in the applicable Debt
Security, and the Company hereby appoints the Trustee, or in the case of Bearer Securities, such
other agent as is specified pursuant to Section 3.01, as its agent to receive all presentations,
surrenders, notices and demands.

     No payment of principal, premium or interest on Bearer Securities shall be made at any office
or agency of the Company in the United States or by check mailed to any address in the United
States or by transfer to an account maintained with a bank located in the United States; provided,
however, that, if the Debt Securities of a series are denominated and payable in Dollars, payment
of principal of and any premium and interest on any Bearer Security (including

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any additional amounts payable on Securities of such series, if so provided pursuant to
Section 3.01) shall be made at the office of the Trustee or the Company’s Paying Agent in the
Borough of Manhattan, The City and State of New York, if (but only if) payment in Dollars of the
full amount of such principal, premium, interest or additional amounts, as the case may be, at all
offices or agencies outside the United States maintained for the purpose by the Company in
accordance with this Indenture is illegal or effectively precluded by exchange controls or other
similar restrictions.

     The Company may also from time to time designate different or additional offices or agencies
to be maintained for such purposes (in or outside of such Place of Payment), and may from time to
time rescind any such designations; provided, however, that no such designation or rescission shall
in any manner relieve the Company of its obligations described in the preceding paragraph. The
Company will give prompt written notice to the Trustee of any such additional designation or
rescission of designation and any change in the location of any such different or additional office
or agency.

Section 12.04 Money for Debt Securities; Payments to Be Held in Trust. 

     If the Company shall at any time act as its own Paying Agent with respect to any series of
Debt Securities and Coupons, if any, it will, on or before each due date of the principal of (and
premium, if any) or interest on any of the Debt Securities of such series, segregate and hold in
trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and
premium, if any) or interest 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 its action or
failure so to act.

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

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

     (1) hold all sums held by it for the payment of the principal of (and premium, if any) or
interest on Debt 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;

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

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

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     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
the 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 the Trustee, such Paying Agent shall be
released from all further liability with respect to such money.

     Subject to any applicable abandoned property law, any money deposited with the Trustee or any
Paying Agent, or then held by the Company, in trust for the payment of the principal of (and
premium, if any) or interest on any Debt Security of any series and remaining unclaimed for two
years after such principal (and premium, if any) or interest has become due and payable shall be
paid to the Company upon Company Request, or (if then held by the Company) shall be discharged from
such trust; and the Holder of such Debt Security or Coupon shall thereafter, as an unsecured
general creditor, look only to the Company for payment thereof, and all liability of the Trustee or
such Paying Agent with respect to such trust money, and all liability of the Company as trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before
being required to make any such repayment, may, in its sole discretion, at the expense of the
Company cause to be transmitted in the manner and to the extent provided by Section 1.05, notice
that such money remains unclaimed and that, after a date specified therein, which shall not be less
than 30 days from the date of such notification, any unclaimed balance of such money then remaining
will be repaid to the Company.

Section 12.05 Corporate Existence. 

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

Section 12.06 Waiver of Certain Covenants. 

     The Company may omit in any particular instance to comply with any term, provision or
condition set forth in Section 12.05 (and, if so specified pursuant to Section 3.01, any other
covenant not set forth herein and specified pursuant to Section 3.01 to be applicable to the Debt
Securities of any series, except as otherwise provided pursuant to Section 3.01) with respect to
the Debt Securities of any series if before the time for such compliance the Holders of at least a
majority in principal amount of the Outstanding Debt Securities of such series shall, by Act of
such Holders, either waive such compliance in such instance or generally waive compliance with such
term, provision or condition, but no such waiver shall extend to or affect such term, provision or
condition except to the extent expressly so waived, and, until such waiver shall become effective,
the obligations of the Company and the duties of the Trustee in respect of any such term, provision
or condition shall remain in full force and effect.

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ARTICLE XIII

REDEMPTION OF DEBT SECURITIES

Section 13.01 Applicability of Article.

     Debt Securities of any series which are redeemable before their Maturity shall be redeemable
in accordance with their terms and (except as otherwise specified pursuant to Section 3.01 for Debt
Securities of any series) in accordance with this Article.

Section 13.02 Election to Redeem; Notice to Trustee. 

     The election of the Company to redeem (or, in the case of Discount Securities, to permit the
Holders to elect to surrender for redemption) any Debt Securities shall be evidenced by a Board
Resolution. In case of any redemption at the election of the Company of less than all of the Debt
Securities of any series pursuant to Section 13.03, the Company shall, at least 60 days before the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the
Trustee), notify the Trustee of such Redemption Date and of the principal amount of Debt Securities
of such series to be redeemed. In the case of any redemption of Debt Securities prior to the
expiration of any restriction on such redemption provided in the terms of such Debt Securities or
elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with such restrictions.

Section 13.03 Selection by Trustee or Authorized Agent of Debt Securities to Be Redeemed. 

     Except in the case of a redemption in whole of the Bearer Securities or the Registered
Securities of such series, if less than all the Debt Securities of any series are to be redeemed at
the election of the Company, the particular Debt Securities to be redeemed shall be selected not
more than 60 days prior to the Redemption Date by the Trustee or agent authorized pursuant to
Section 3.01, from the Outstanding Debt Securities of such series not previously called for
redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for
the selection for redemption of portions (equal to the minimum authorized denomination for Debt
Securities of such series or any integral multiple thereof) of the principal amount of Debt
Securities of such series in a denomination larger than the minimum authorized denomination for
Debt Securities of such series pursuant to Section 3.02 in the Currency in which the Debt
Securities of such series are denominated. The portions of the principal amount of Debt Securities
so selected for partial redemption shall be equal to the minimum authorized denominations for Debt
Securities of such series pursuant to Section 3.02 in the Currency in which the Debt Securities of
such series are denominated or any integral multiple thereof, except as otherwise set forth in the
applicable form of Debt Securities. In any case when more than one Registered Security of such
series is registered in the same name, the Trustee or authorized agent in its discretion may treat
the aggregate principal amount so registered as if it were represented by one Registered Security
of such series.

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

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     For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Debt Securities shall relate, in the case of any Debt Security
redeemed or to be redeemed only in part, to the portion of the principal amount of such Debt
Security which has been or is to be redeemed.

Section 13.04 Notice of Redemption.

     Notice of redemption 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, not less than 30 days and not more than 60
days prior to the Redemption Date to the Holders of Debt Securities of any series to be redeemed in
whole or in part pursuant to this Article Thirteen, in the manner provided in Section 1.05. Any
notice so given shall be conclusively presumed to have been duly given, whether or not the Holder
receives such notice. Failure to give such notice, or any defect in such notice to the Holder of
any Debt Security of a series designated for redemption, in whole or in part, shall not affect the
sufficiency of any notice of redemption with respect to the Holder of any other Debt Security of
such series.

     All notices of redemption shall state:

     (1) the Redemption Date;

     (2) the Redemption Price;

     (3) that Debt Securities of such series are being redeemed by the Company pursuant to
provisions contained in this Indenture or the terms of the Debt Securities of such series or a
supplemental indenture establishing such series, if such be the case, together with a brief
statement of the facts permitting such redemption;

     (4) if less than all Outstanding Debt Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amounts) of the particular
Debt Securities to be redeemed;

     (5) that on the Redemption Date the Redemption Price will become due and payable upon each
such Debt Security to be redeemed, and that interest thereon, if any, shall cease to accrue on and
after said date;

     (6) that, unless otherwise specified in such notice, Coupon Securities of any series, if any,
surrendered for redemption must be accompanied by all Coupons maturing subsequent to the date fixed
for redemption, failing which the amount of any such missing Coupon or Coupons will be deducted
from the Redemption Price;

     (7) the Place or Places of Payment where such Debt Securities are to be surrendered for
payment of the Redemption Price;

     (8) if Bearer Securities of any series are to be redeemed and any Registered Securities of
such series are not to be redeemed, and if such Bearer Securities may be exchanged for Registered
Securities not subject to redemption on this Redemption Date pursuant to Section 3.05(b) or
otherwise, the last date on which such exchanges may be made; and

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     (9) that the redemption is for a sinking fund, if such is the case.

Section 13.05 Deposit of Redemption Price. 

     On or prior to the Redemption Date for any Debt Securities, 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 12.04) an amount of money in the Currency or Currencies in
which such Debt Securities are denominated (except as provided pursuant to Section 3.01 or 3.10)
sufficient to pay the Redemption Price of such Debt Securities or any portions thereof which are to
be redeemed on that date.

Section 13.06 Debt Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, any Debt Securities so to be redeemed
shall, on the Redemption Date, become due and payable at the Redemption Price in the Currency in
which the Debt Securities of such series are payable (except as otherwise specified pursuant to
Section 3.01 or 3.10), and from and after such date (unless the Company shall default in the
payment of the Redemption Price) such Debt Securities shall cease to bear interest. Upon surrender
of any such Debt Security for redemption in accordance with said notice, such Debt Security shall
be paid by the Company at the Redemption Price; provided, however, that installments of interest on
Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only
at an office or agency located outside the United States (except as otherwise provided in Section
12.03) and, unless otherwise specified as contemplated by Section 3.01, only upon presentation and
surrender of Coupons for such interest; and provided, further, that, unless otherwise specified as
contemplated by Section 3.01, installments of interest on Registered Securities which have a Stated
Maturity on or prior to the Redemption Date for such Debt Securities shall be payable according to
the terms of such Debt Securities and the provisions of Section 3.07.

     If any Debt Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium, if any) shall, until paid, bear interest from the
Redemption Date at the rate prescribed therefor in the Debt Security.

     If any Coupon Security surrendered for redemption shall not be accompanied by all Coupons
appertaining thereto maturing on or after the Redemption Date, the Redemption Price for such Coupon
Security may be reduced by an amount equal to the face amount of all such missing Coupons. If
thereafter the Holder of such Coupon shall surrender to any Paying Agent outside the United States
any such missing Coupon in respect of which a deduction shall have been made from the Redemption
Price, such Holder shall be entitled to receive the amount so deducted. The surrender of such
missing Coupon or Coupons may be waived by the Company and the Trustee, if there be furnished to
them such security or indemnity as they may require to save each of them and any Paying Agent
harmless.

Section 13.07 Debt Securities Redeemed in Part. 

     Any Debt Security which is to be redeemed only in part shall be surrendered at the Corporate
Trust Office or such other office or agency of the Company as is specified pursuant to Section 3.01
(in the case of Registered Securities) and at an office of the Trustee or such other

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office or agency of the Company outside the United States as is specified pursuant to Section
3.01 (in the case of Bearer Securities) with, if the Company, the Security Registrar or the Trustee
so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the
Company, the Security Registrar 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 to the Holder of such Debt Security without service charge, a new Debt
Security or Debt Securities of the same series, of like tenor and form, 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 of the Debt Security so surrendered, and, in the case of a
Coupon Security, with appropriate Coupons attached. In the case of a Debt Security providing
appropriate space for such notation, at the option of the Holder thereof, the Trustee, in lieu of
delivering a new Debt Security or Debt Securities as aforesaid, may make a notation on such Debt
Security of the payment of the redeemed portion thereof.

ARTICLE XIV

SINKING FUNDS

Section 14.01 Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for the retirement of
Debt Securities of a series except as otherwise specified pursuant to Section 3.01 for Debt
Securities of such series.

     The minimum amount of any sinking fund payment provided for by the terms of Debt Securities of
any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess
of such minimum amount provided for by the terms of Debt Securities of any series is herein
referred to as an “optional sinking fund payment.” If provided for by the terms of Debt Securities
of any series, the amount of any cash sinking fund payment may be subject to reduction as provided
in Section 14.02. Each sinking fund payment shall be applied to the redemption of Debt Securities
of any series as provided for by the terms of Debt Securities of such series.

Section 14.02 Satisfaction of Mandatory Sinking Fund Payments with Debt Securities.

     In lieu of making all or any part of a mandatory sinking fund payment with respect to any Debt
Securities of a series in cash, the Company may at its option, at any time no more than sixteen
months and no less than 45 days prior to the date on which such sinking fund payment is due,
deliver to the Trustee Debt Securities of such series (together with the unmatured Coupons, if any,
appertaining thereto) theretofore purchased or otherwise acquired by the Company, except Debt
Securities of such series which have been redeemed through the application of mandatory sinking
fund payments pursuant to the terms of the Debt Securities of such series, accompanied by a Company
Order instructing the Trustee to credit such sinking fund payment and stating that the Debt
Securities of such series were originally issued by the Company by way of bona fide sale or other
negotiation for value, provided that such Debt Securities shall not have been previously so
credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at
the Redemption Price specified in such Debt Securities for redemption through

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operation of the sinking fund and the amount of such mandatory sinking fund payment shall be
reduced accordingly.

Section 14.03 Redemption of Debt Securities for Sinking Fund. 

     Not less than 60 days prior to each sinking fund payment date for any series of Debt
Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver
to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund
payment for that series pursuant to the terms of that series, the portion thereof, if any, which is
to be satisfied by payment of cash in the Currency or Currencies in which the Debt Securities of
such series are denominated (except as provided pursuant to Section 3.01 or 3.10) and the portion
thereof, if any, which is to be satisfied by delivering and crediting Debt Securities of such
series pursuant to Section 14.02 and whether the Company intends to exercise its rights to make a
permitted optional sinking fund payment with respect to 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, the sinking fund payment due
on the next succeeding sinking fund payment date for such series shall be paid entirely in cash and
shall be sufficient to redeem the principal amount of the Debt Securities of such series subject to
a mandatory sinking fund payment without the right to deliver or credit Debt Securities as provided
in Section 14.02 and without the right to make any optional sinking fund payment with respect to
such series at such time.

     Any sinking fund payment or payments (mandatory or optional) made in cash plus any unused
balance of any preceding sinking fund payments made with respect to the Debt Securities of any
particular series shall be applied by the Trustee (or by the Company if the Company is acting as
its own Paying Agent) 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 immediately
following the date of such payment) to the redemption of Debt Securities of such series at the
Redemption Price specified in such Debt Securities with respect to the sinking fund. Any sinking
fund moneys not so applied or allocated by the Trustee (or by the Company if the Company is acting
as its own Paying Agent) to the redemption of Debt Securities shall be added to the next sinking
fund payment received by the Trustee (or if the Company is acting as its own Paying Agent,
segregated and held in trust as provided in Section 12.04) for such series and, together with such
payment (or such amount so segregated) shall be applied in accordance with the provisions of this
Section. Any and all sinking fund moneys with respect to the Debt Securities of any particular
series held by the Trustee (or if the Company is acting as its own Paying Agent, segregated and
held in trust as provided in Section 12.04) on the last sinking fund payment date with respect to
Debt Securities of such series and not held for the payment or redemption of particular Debt
Securities of such series shall be applied by the Trustee (or by the Company if the Company is
acting as its own Paying Agent), together with other moneys, if necessary, to be deposited (or
segregated) sufficient for the purpose, to the payment of the principal of the Debt Securities of
such series at Maturity.

     The Trustee shall select or cause to be selected the Debt Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 13.03 and the Company shall cause
notice of the redemption thereof to be given in the manner provided in Section 13.04. Such

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notice having been duly given, the redemption of such Debt Securities shall be made upon the
terms and in the manner stated in Section 13.06.

     On or before each sinking fund payment date, the Company shall pay to the Trustee (or, if the
Company is acting as its own Paying Agent, the Company shall segregate and hold in trust as
provided in Section 12.04) in cash a sum, in the Currency or Currencies in which Debt Securities of
such series are denominated (except as provided pursuant to Sections 3.01 or 3.10), equal to the
principal and any interest accrued to the Redemption Date for Debt Securities or portions thereof
to be redeemed on such sinking fund payment date pursuant to this Section.

     Neither the Trustee nor the Company shall redeem any Debt Securities of a series with sinking
fund moneys or mail any notice of redemption of Debt Securities of such series by operation of the
sinking fund for such series during the continuance of a default in payment of interest, if any, on
any Debt 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 the Debt Securities of such series,
except that if the notice of redemption shall have been provided in accordance with the provisions
hereof, the Trustee (or the Company, if the Company is then acting as its own Paying Agent) shall
redeem such Debt Securities if cash sufficient for that purpose shall be deposited with the Trustee
(or segregated by the Company) for that purpose in accordance with the terms of this Article.
Except as aforesaid, any moneys in the sinking fund for 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 the Debt Securities and Coupons, if any, of such series; provided, however, that in case
such default or Event of Default shall have been cured or waived as provided herein, such moneys
shall thereafter be applied on or prior to the next sinking fund payment date for the Debt
Securities of such series on which such moneys may be applied pursuant to the provisions of this
Section.

ARTICLE XV

[INTENTIONALLY OMITTED]

ARTICLE XVI

SUBORDINATION

Section 16.01 Agreement to Subordinate. 

     The Company, for itself, its successors and assigns, covenants and agrees, and each Holder of
Debt Securities of any series (or of any Coupons appertaining thereto) by his acceptance thereof,
likewise covenants and agrees, that the indebtedness represented by the Debt Securities of such
series then Outstanding (and any Coupons appertaining thereto) and the payment of the principal of
(and premium, if any) and interest on each and all of the Debt Securities of such series
(including, without limitation, any payment of Coupons appertaining thereto) is hereby expressly
subordinated, to the extent and in the manner hereinafter set forth, in

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right of payment to the prior payment in full of all Senior Indebtedness. Each reference in
this Article to a “Debt Security” or “Debt Securities” refers to the Debt Securities of a
particular series, and references to a “Coupon” or “Coupons” refer to the Coupons, if any,
appertaining to the Debt Securities of such series. Without limiting the generality of the
immediately preceding sentence, if more than one series of Debt Securities are outstanding at any
time, (i) the provisions of this Article shall be applied separately to each such series, and (ii)
references to the Trustee refer to the Trustee for the Debt Securities of such series.

     Section 16.02 Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Debt
Securities.

     Upon any distribution of assets of the Company upon any dissolution, winding up, liquidation
or reorganization, of the Company, whether voluntary or involuntary and whether in bankruptcy,
insolvency, reorganization, receivership or other proceedings or upon an assignment for the benefit
of creditors or any other marshalling of the assets and liabilities of the Company or otherwise
(subject to the power of a court of competent jurisdiction to make other equitable provision
reflecting the rights conferred in this Indenture upon the Senior Indebtedness and the holders
thereof with respect to the Debt Securities and the Holders thereof by a plan of reorganization
under applicable bankruptcy law):

     (a) the holders of all Senior Indebtedness shall be entitled to receive payment in full of the
principal thereof (and premium, if any) and interest due thereon before the Holders of the Debt
Securities (or of any Coupons) are entitled to receive any payment upon the principal (and premium,
if any) or interest on indebtedness evidenced by the Debt Securities (or any payment of any
Coupons); and

     (b) any payment or distribution of the Company of any kind or character, whether in cash,
property or securities, to which the Holders of the Debt Securities (or of any Coupons) or the
Trustee would be entitled except for the provisions of this Article Sixteen shall be paid by the
liquidating trustee or agent or other person making such payment or distribution, whether a trustee
in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior
Indebtedness or their representative or representatives or to the trustee or trustees under any
indenture under which any instruments evidencing any of such Senior Indebtedness may have been
issued, ratably according to the aggregate amounts remaining unpaid on account of the principal of
(and premium, if any) and interest on the Senior Indebtedness held or represented by each, to the
extent necessary to make payment in full of all Senior Indebtedness remaining unpaid, after giving
effect to any concurrent payment or distribution to the holders of such Senior Indebtedness; and

     (c) in the event that, notwithstanding the foregoing, any payment or distribution of assets of
the Company of any kind or character, whether in cash, property or securities, shall be received by
the Trustee, any Paying Agent or the Holders of the Debt Securities (or any Coupons) before all
Senior Indebtedness is paid in full, such payment or distribution shall be paid over, upon written
notice to the Trustee or such Paying Agent, to the holder of such Senior Indebtedness or their
representative or representatives or to the trustee or trustees under any indenture under which any
instrument evidencing any of such Senior Indebtedness may have been issued, ratably as aforesaid,
for application to payment of all Senior Indebtedness remaining

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unpaid until all such Senior Indebtedness shall have been paid in full, after giving effect to
any concurrent payment or distribution to the holders of such Senior Indebtedness.

     The consolidation of the Company with, or the merger of the Company into, another corporation
or the liquidation or dissolution of the Company following the conveyance or transfer of its
property as an entirety, or substantially as an entirety, to another corporation shall not be
deemed a dissolution, winding up, liquidation or reorganization for the purposes of this Section
16.02.

     Subject to the payment in full of all Senior Indebtedness, the Holders of the Debt Securities
(and of any Coupons) shall be subrogated to the rights of the holders of Senior Indebtedness to
receive payments or distributions of cash, property or securities of the Company applicable to
Senior Indebtedness until the principal of (and premium, if any) and interest on the Debt
Securities (including, without limitation, payment of the Coupons) shall be paid in full, and no
such payments or distributions to the Holders of the Debt Securities (or of any Coupons) of cash,
property, or securities otherwise distributable to the holders of Senior Indebtedness shall, as
between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders
of the Debt Securities (and of any Coupons) be deemed to be a payment by the Company to or on
account of the Debt Securities (or of any Coupons). It is understood that the provisions of this
Article Sixteen are and are intended solely for the purpose of defining the relative rights of the
Holders of the Debt Securities (and of any Coupons), on the one hand, and the holders of the Senior
Indebtedness, on the other hand.

     Nothing contained in this Article Sixteen or elsewhere in this Indenture or in the Debt
Securities (or any Coupons) is intended to or shall impair, as between the Company, its creditors
other than the holders of Senior Indebtedness, and the Holders of the Debt Securities (and of any
Coupons), the obligation of the Company, which is unconditional and absolute (and which, subject to
the rights under this Article of the holders of Senior Indebtedness and the rights under Section
16.11 of Entitled Persons in respect of Other Financial Obligations, is intended to rank equally
with all other obligations of the Company), to pay to the Holders of the Debt Securities (and of
any Coupons) the principal of (and premium, if any) and interest on the Debt Securities (including,
without limitation, payment of any Coupons) as and when the same shall become due and payable in
accordance with their terms, or to affect the relative rights of the Holders of the Debt Securities
(or of any Coupons) and creditors of the Company other than the holders of Senior Indebtedness, nor
shall anything herein or in the Debt Securities (or Coupons) prevent the Trustee or the Holder of
any Debt Security (or any Coupon) from exercising all remedies otherwise permitted by applicable
law upon default under this Indenture, subject to the rights, if any, under this Article Sixteen of
the holders of Senior Indebtedness, and under Section 16.11 of Entitled Persons in respect of Other
Financial Obligations, in respect of cash, property or securities of the Company received upon the
exercise of any such remedy.

     Upon any payment or distribution of assets of the Company referred to in this Section 16.02,
the Trustee and any Paying Agent, subject to the provisions of Section 6.03, shall be entitled to
rely upon a certificate or other writing of the liquidating trustee or agent or other Person making
any distribution to the Trustee for the purpose of ascertaining the Persons entitled to participate
in such distribution, the holders of Senior Indebtedness and other indebtedness of

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the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed
thereon and all other facts pertinent to this Article Sixteen.

     Except as specifically set forth herein, neither the Trustee nor any Paying Agent, however,
shall be deemed to owe any fiduciary or other duty to the holders of Senior Indebtedness or
Entitled Persons in respect of Other Financial Obligations. Neither the Trustee nor any Paying
Agent shall be liable to any such holder or Entitled Person if it shall in good faith pay or
distribute to or on behalf of Holders of Debt Securities (or of any Coupons) of the Company moneys
or assets to which any holder of Senior Indebtedness or Entitled Persons in respect of Other
Financial Obligations shall be entitled by virtue of this Article Sixteen or any other instrument.

     If the Trustee or any Holder of Debt Securities (and of any Coupons) does not file a proper
claim or proof of debt in the form required in any proceeding referred to above prior to 30 days
before the expiration of the time to file such claim in such proceeding, then the holder of any
Senior Indebtedness is hereby authorized, and has the right, to file an appropriate claim or claims
for or on behalf of such Holder of Debt Securities (or of any Coupons).

Section 16.03 No Payment on Debt Securities in Event of Default on Senior Indebtedness.

     No payment by the Company on account of principal (or premium, if any), sinking funds or
interest on the Debt Securities (including, without limitation, payment of any Coupons) shall be
made unless full payment of amounts then due for principal, premium, if any, sinking funds, and
interest on Senior Indebtedness has been made or duly provided for. In the event that any event of
default with respect to any Senior Indebtedness shall have occurred and be continuing permitting
the holders of such Senior Indebtedness (or a trustee on behalf of the holders thereof) to declare
such Senior Indebtedness due and payable prior to the date on which it would otherwise have become
due and payable, unless and until such event of default shall have been cured or waived or shall
have ceased to exist and such acceleration shall have been rescinded or annulled, or in the event
any judicial proceeding shall be pending with respect to any such default in payment, or event of
default, then no payment shall be made by the Company on account of principal of (or premium, if
any) or interest on the Debt Securities of any series or on account of the purchase or other
acquisition of Debt Securities of any series; provided, however, that nothing in this Section shall
prevent the satisfaction of any sinking fund payment in accordance with Article Fourteen by
delivering and crediting pursuant to Section 14.02 Debt Securities of such series which have been
acquired (upon redemption or otherwise) prior to such default in payment or event of default.

     In the event that, notwithstanding the foregoing, the Company shall make any payment to the
Trustee or the Holder of any Debt Security of any series prohibited by the foregoing provisions of
this Section, and if such fact shall, at or prior to the time of such payment, have been made known
to the Trustee or, as the case may be, such Holder, then and in such event such payment shall be
paid over and delivered forthwith to the Company.

     The provisions of this Section shall not apply to any payment with respect to which Section
16.02 would be applicable.

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Section 16.04 Payments on Debt Securities Permitted. 

     Nothing contained in this Indenture or in any of the Debt Securities (or any Coupons) shall
(a) affect the obligation of the Company to make, or prevent the Company from making, at any time
except as provided in Sections 16.02 and 16.03, payments of principal (and premium, if any) or
interest on the Debt Securities (including, without limitation, payment of any Coupons) or (b)
prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of
or on account of the principal of (and premium, if any) or interest on the Debt Securities
(including, without limitation, the payment of any Coupons), unless the Trustee shall have received
at its Corporate Trust Office written notice of any event prohibiting the making of such payment
more than two Business Days prior to the date fixed for such payment.

Section 16.05 Authorization of Holders to Trustee to Effect Subordination. 

     Each Holder of Debt Securities (or of any Coupons) by his acceptance thereof and any Paying
Agent (other than the Company) authorizes and directs the Trustee on his behalf to take such action
as may be necessary or appropriate to effectuate the subordination as provided in this Article
Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Section 16.06 Notices to Trustee.

     The Company shall give prompt written notice to the Trustee and any Paying Agent (other than
the Company) of any fact known to the Company which would prohibit the making of any payment to or
by the Trustee or such Paying Agent in respect of the Debt Securities (or any Coupons) pursuant to
this Article Sixteen. Failure to give such notice shall not affect the subordination of the Debt
Securities (or any Coupons) to Senior Indebtedness. Notwithstanding the provisions of this Article
or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the
Company) shall be charged with knowledge of the existence of any Senior Indebtedness or Other
Financial Obligations or of any event which would prohibit the making of any payment of moneys to
or by the Trustee or such Paying Agent, unless and until the Trustee or such Paying Agent shall
have received (in the case of the Trustee, at its Corporate Trust Office) written notice thereof
from the Company or from the holder of any Senior Indebtedness or from the trustee for any such
holder or from any Entitled Person in respect of Other Financial Obligations, together with proof
satisfactory to the Trustee of such holding of Senior Indebtedness or Other Financial Obligations
or of the authority of such trustee; provided, however, that if at least two Business Days prior to
the date upon which by the terms hereof any such moneys may become payable for any purpose
(including, without limitation, the payment of either the principal of (and premium, if any) or
interest on any Debt Security (including, without limitation, the payment of any Coupons)) the
Trustee or any such Paying Agent shall not have received with respect to such moneys the notice
provided for in this Section 16.06, then, anything herein contained to the contrary
notwithstanding, the Trustee or any such Paying Agent shall have full power and authority to
receive such moneys and to apply the same to the purpose for which they were received, and shall
not be affected by any notice to the contrary, which may be received by it less than two Business
Days prior to such date. The Trustee or any such Paying Agent shall be entitled to rely on the
delivery to it of a written notice by a Person representing himself to be a holder of Senior
Indebtedness (or a trustee on behalf of such holder) or an Entitled Person in respect of Other
Financial Obligations to establish that such a notice has been

91

 

given by a holder of Senior Indebtedness or a trustee on behalf of any such holder or an
Entitled Person in respect of Other Financial Obligations. In the event that the Trustee or any
such Paying Agent determines in good faith that further evidence is required with respect to the
right of any Person as a holder of Senior Indebtedness or an Entitled Person in respect of Other
Financial Obligations to participate in any payment or distribution pursuant to this Article
Sixteen, the Trustee or any such Paying Agent may request such Person to furnish evidence to the
reasonable satisfaction of the Trustee or any such Paying Agent as to the amount of Senior
Indebtedness or Other Financial Obligations held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and any other facts pertinent to the rights
of such Person under this Article Sixteen and, if such evidence is not furnished, the Trustee or
any such Paying Agent may defer any payment to such Person pending judicial determination as to the
right of such Person to receive such payment.

Section 16.07 Trustee as Holder of Senior Indebtedness. 

     Subject to the provisions of Section 6.13, the Trustee in its individual capacity shall be
entitled to all the rights set forth in this Article Sixteen in respect of any Senior Indebtedness
at any time held by it and with respect to any Other Financial Obligations owed to the Trustee as
an Entitled Person, to the same extent as any other holder of Senior Indebtedness or Entitled
Person in respect of Other Financial Obligations and nothing in this Indenture shall be construed
to deprive the Trustee of any of its rights as such holder or Entitled Person.

     Nothing in this Article shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 6.07.

Section 16.08 Modifications of Terms of Senior Indebtedness. 

     Any renewal or extension of the time of payment of any Senior Indebtedness or the exercise by
the holders of Senior Indebtedness of any of their rights under any instrument creating or
evidencing Senior Indebtedness, including, without limitation, the waiver of default thereunder,
may be made or done all without notice to or assent from the Holders of the Debt Securities (or of
any Coupons) or the Trustee.

     No compromise, alteration, amendment, modification, extension, renewal or other change of, or
waiver, consent or other action in respect of, any liability or obligation under or in respect of,
or of any of the terms, covenants or conditions of any indenture or other instrument under which
any Senior Indebtedness is outstanding or of such Senior Indebtedness, whether or not such release
is in accordance with the provisions of any applicable document, shall in any way alter or affect
any of the provisions of this Article Sixteen or of the Debt Securities (or of any Coupons)
relating to the subordination thereof.

Section 16.09 Reliance on Judicial Order or Certificate of Liquidating Agent. 

     Upon any payment or distribution of assets of the Company referred to in this Article Sixteen,
the Trustee and the Holders of the Debt Securities (and of any Coupons) shall be entitled to rely
upon any order or decree entered by any court of competent jurisdiction in which any insolvency,
bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or
proceeding is pending, or upon a certificate of the trustee in bankruptcy,

92

 

liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or
other Person making such payment or distribution, delivered to the Trustee or to the Holders of
Debt Securities (or of any Coupons), for the purpose of ascertaining the Persons entitled to
participate in such payment or distribution, the holders of Senior Indebtedness and other
indebtedness of the Company and the Entitled Persons in respect of Other Financial Obligations, the
amount thereof or payable therein, the amount or amounts paid or distributed thereon and all other
facts pertinent thereto or to this Article Sixteen.

Section 16.10 Article Sixteen Not to Prevent Events of Default. 

     No provision of this Article Sixteen shall prevent the occurrence of any default or Event of
Default hereunder.

Section 16.11 Payment of Proceeds in Certain Cases. 

     (a) If, after giving effect to the provisions of Section 16.02, any amount of cash, property
or securities shall be available for payment or distribution in respect of the Debt Securities
(“Excess Proceeds”), and any Entitled Persons in respect of Other Financial obligations shall not
have received payment in full of all amounts due or to become due on or in respect of such Other
Financial Obligations (and provision shall not have been made for such payment in money or money’s
worth), then such Excess Proceeds shall first be applied by the liquidation trustee or other person
making such payment or distribution (ratably with any amount of cash, property or securities
available for payment or distribution in respect of any other Indebtedness of the Company that by
its express terms provides for the payment over of amounts corresponding to Excess Proceeds to
Entitled Persons in respect of Other Financial Obligations) to pay or provide for the payment of
the Other Financial Obligations remaining unpaid, to the extent necessary to pay all Other
Financial Obligations in full, after giving effect to any concurrent payment or distribution to or
for Entitled Persons in respect of Other Financial Obligations. Any Excess Proceeds remaining after
the payment (or provision for payment) in full of all Other Financial obligations shall be
available for payment or distribution in respect of the Debt Securities.

     (b) In the event that, notwithstanding the foregoing provisions of subsection (a) of this
Section, the Trustee or Holder of any Debt Security shall have received any payment or distribution
of assets of the Company of any kind or character, whether in cash, property or securities, before
all Other Financial Obligations are paid in full or payment thereof duly provided for, and if such
fact shall, at or prior to the time of such payment or distribution have been made known to the
Trustee in accordance with Section 16.06 or, as the case may be, such Holder, then and in such
event, subject to any obligation that the Trustee or such Holder may have pursuant to Section
16.02, upon written notice to the Trustee such payment or distribution shall be paid over or
delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian,
assignee, agent or other Person making payment or distribution of assets of the Company for payment
in accordance with subsection (a).

     (c) Subject to the payment in full of all Other Financial Obligations, the Holders of the Debt
Securities shall be subrogated (equally and ratably with the holders of all Indebtedness of the
Company that by its express terms provides for the payment over of amounts

93

 

corresponding to Excess Proceeds to Entitled Persons in respect of other Financial Obligations
and is entitled to like rights of subrogation) to the rights of the Entitled Persons in respect of
Other Financial Obligations to receive payments and distributions of cash, property and securities
applicable to the Other Financial Obligations until the principal of and interest on the Debt
Securities shall be paid in full. For purposes of such subrogation, no payments or distributions to
Entitled Persons in respect of Other Financial Obligations of any cash, property or securities to
which Holders of the Debt Securities or the Trustee would be entitled except for the provisions of
this Section, and no payments over pursuant to the provisions of this Section to Entitled Persons
in respect of Other Financial Obligations by Holders of Debt Securities or the Trustee, shall, as
among the Company, its creditors other than Entitled Persons in respect of Other Financial
Obligations and the Holders of Securities be deemed to be a payment or distribution by the Company
to or on account of the Other Financial Obligations.

     (d) The provisions of subsections (a), (b) and (c) of this Section are and are intended solely
for the purpose of defining the relative rights of the Holders of the Debt Securities, on the one
hand, and the Entitled Persons in respect of Other Financial Obligations, on the other hand, after
giving effect to the rights of the holders of Senior Indebtedness, as provided in this Article.
Nothing contained in subsections (a), (b) and (c) of this Section is intended to or shall affect
the relative rights against the Company of the Holders of the Debt Securities and (1) the holders
of Senior Indebtedness or (2) other creditors of the Company other than Entitled Persons in respect
of Other Financial Obligations.

     This instrument may be executed in any number of counterparts, each of which so executed shall
constitute an original and all of which together shall constitute one and the same instrument.

94

 

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

	 	 	 	 	 	 	 
	 	 	 	 	VINEYARD NATIONAL BANCORP
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Seal
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	WILMINGTON TRUST COMPANY,

as Trustee
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Seal
	 	 	 	 	 	 

95

 

EXHIBIT A

[FORM OF CERTIFICATE TO BE GIVEN BY

PERSON ENTITLED TO RECEIVE BEARER SECURITY

OR INTEREST PRIOR TO AN EXCHANGE DATE]

CERTIFICATE

                                                            

[Insert title or sufficient description of Debt Securities to be delivered]

     This
certificate is delivered pursuant to the Indenture, dated as of ___ ___, 200___(as
amended, supplemented or otherwise modified from time to time, the “Indenture”), between Vineyard
National Bancorp and Wilmington Trust Company, as Trustee. Unless otherwise defined herein, terms
defined in the Indenture are used herein as so defined.

     This is to certify that as of the date hereof and except as set forth below ___
principal amount of the above captioned securities (the “Debt Securities”) held by you for our
account (i) is owned by person(s) that are not United States person(s) (as defined below), (ii) is
owned by United States person(s) that are (a) foreign branches of United States financial
institutions (as defined in Section 1.16512(c)(1)(v) of the United States Treasury regulations)
(“financial institutions”) purchasing for their own account or for resale, or (b) United States
person(s) who acquired the Debt Securities through foreign branches of United States financial
institutions and who hold the Debt Securities through such United States financial institutions on
the date hereof (and in either case (a) or (b), each such United States financial institution
hereby agrees, on its own behalf or through its agent, that you may advise the Company or the
Company’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of
the United States Internal Revenue Code of 1986, as amended, and the Treasury regulations
thereunder), or (iii) is owned by United States or foreign financial institution(s) for the purpose
of resale during the restricted period (as defined in Section 1.1635(c)(2)(i)(D)(7) of the United
States Treasury regulations), and in addition if the owner of the Debt Securities is a United
States or foreign financial institution described in clause (iii) above (whether or not also
described in clause (i) or (ii)) this is to further certify that such financial institution has not
acquired the Debt Securities for the purpose of resale directly or indirectly to a United States
person or to a person within the United States or its possessions.

     We undertake to advise you promptly by tested telex on or prior to the date on which you
intend to submit your certification relating to the beneficial interest in the temporary Global
Note held by you for our account in accordance with your operating procedures if any applicable
statement herein is not correct on such date, and in the absence of any such notification it may be
assumed that this certification applies as of such date.

 

 

     This certificate excepts and does not relate to ___principal amount of Debt
Securities held by you for our account as to which we are not able to provide a certificate in this
form. We understand that exchange of such portion of the temporary Global Note for definitive
Bearer Securities or interests in a permanent Global Note cannot be made until we are able to
provide a certificate in this form.

     We understand that this certificate is required in connection with certain tax laws and
regulations of the United States. If administrative or legal proceedings are commenced or
threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate or a copy thereof to any interested party in such
proceedings.

     “United States person” means any citizen or resident of the United States, any corporation,
partnership or other entity created or organized in or under the laws of the United States and any
estate or trust the income of which is subject to United States federal income taxation regardless
of its source. “United States” means the United States of America (including the States and the
District of Columbia) and its “possessions” which include the Commonwealth of Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

Dated: ___, 200___

[To be dated no earlier than the 10th day before the Exchange Date]

	 	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 	 	As, or as agent for, the beneficial
owner(s) of the portion of the
temporary global Note to which this
certificate relates.

 

 

EXHIBIT B

[FORM OF CERTIFICATE TO BE GIVEN BY [EUROCLEAR] AND

[CEDELBANK, S.A.] IN CONNECTION WITH THE EXCHANGE OF

A PORTION OF A TEMPORARY GLOBAL NOTE]

CERTIFICATE

                                                            

[Insert title or sufficient description of Debt Securities to be delivered]

     This
certificate is delivered pursuant to the Indenture, dated as of ___ ___, 200___(as
amended, supplemented or otherwise modified from time to time, the “Indenture”), between Vineyard
National Bancorp and Wilmington Trust Company, as Trustee. Unless otherwise defined herein, terms
defined in the Indenture are used herein as so defined.

     The undersigned certifies that, based solely on certifications we have received in writing, by
tested telex or by electronic transmission from member organizations appearing in our records as
persons being entitled to a portion of the principal amount set forth below (our “Member
Organizations”) substantially to the effect set forth in the Indenture as of the date hereof,
___principal amount of the above-captioned Debt Securities (i) is owned by person(s) that
are not United States person(s) (as defined below), (ii) is owned by United States person(s) that
are (a) foreign branches of United States financial institutions (as defined in Section
1.16512(c)(1)(v) of the United States Treasury regulations) (“financial institutions”) purchasing
for their own account or for resale, or (b) United States person(s) who acquired the Debt
Securities through foreign branches of United States financial institutions and who hold the Debt
Securities through such United States financial institutions on the date hereof (and in either case
(a) or (b), each such United States financial institution has agreed, on its own behalf or through
its agent, that we may advise the Company or the Company’s agent that it will comply with the
requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended,
and the Treasury regulations thereunder), or (iii) is owned by United States or foreign financial
institution(s) for the purpose of resale during the restricted period (as defined in Section
1.1635(c)(2)(i)(D)(7) of the United States Treasury regulations), and in addition United States or
foreign financial institutions described in clause (iii) above (whether or not also described in
clause (i) or (ii)) have certified that they have not acquired the Debt Securities for the purpose
of resale directly or indirectly to a United States person or to a person within the United States
or its possessions.

     We further certify (i) that we are not making available for exchange or collection of any
interest any portion of the temporary Global Note excepted in such certifications and (ii) that as
of the date hereof we have not received any notification from any of our Member Organizations to
the effect that the statements made by such Member Organizations with respect to any portion

 

 

of the part submitted herewith for exchange or collection of any interest are no longer true
and cannot be relied upon as of the date hereof.

     We understand that this certificate is required in connection with certain tax laws and
regulations of the United States. If administrative or legal proceedings are commenced or
threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate or a copy thereof to any interested party in such
proceedings.

     “United States person” means any citizen or resident of the United States, any corporation,
partnership or other entity created or organized in or under the laws of the United States and any
estate or trust the income of which is subject to United States federal income taxation regardless
of its source. “United States” means the United States of America (including the States and the
District of Columbia) and its “possessions” which include the Commonwealth of Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

     Dated: ___, 20___

     [To be dated no earlier than the Exchange Date]

	 	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Operator of the Euroclear System]

[Cedelbank,]

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