Document:

bbsi-ex104_33.htm

 

EXHIBIT 10.4

 

FORM OF

AWARD AGREEMENT

Under The

Barrett Business Services, Inc.

2015 Stock Incentive Plan

 

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNITS

 

This Non-Employee Director Restricted Stock Units Award Agreement (this “Agreement”), effective as of the date indicated below, evidences the grant of Restricted Units (“RSUs”) to Participant under Article 9 of the Barrett Business Services, Inc., 2015 Stock Incentive Plan (the “Plan”).

 

		
	
 
	
 

	
Corporation:
	
BARRETT BUSINESS SERVICES, INC.

 

			
	
Participant:
	
 
	
 

 

		
	
Grant Date:
	
July 1, 2018

 

			
	
Number of RSUs:
	
 
	
 

 

		
	
Initial Value of Grant:
	
$          , based on the closing price of a Share of Common Stock, $          , on June 29, 2018.

 

		
	
Restriction Periods:
	
Each Restriction Period commences on the Grant Date; Restriction Period 1 ends on July 1, 2019, and Restriction Period 2 ends on July 1, 2020

 

		
	
Vesting Schedule:
	
50% on the last day of Restriction Period 1 and 50% on the last day of Restriction Period 2.

	
 
	
 

 

Each RSU represents a hypothetical Share of Common Stock.  As a holder of RSUs, Participant will have only the rights of a general unsecured creditor of Corporation until delivery of Shares is made as specified in this Agreement.

The terms and conditions of this Award of RSUs are set forth on the following pages of this Agreement and are, in each instance, subject to the terms and conditions of the Plan.   

This Agreement may be acknowledged and accepted by Participant by signing, scanning and returning a copy of this page by email.

 

						
	
 
	
 
	
BARRETT BUSINESS SERVICES, INC.
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
By
	
 
	
 

	
 
	
Participant
	
 
	
Name
	
 
	
 

	
 
	
 
	
 
	
Its
	
 
	
 

 

 

 

1

 

AWARD AGREEMENT

Under The

Barrett Business Services, Inc.

2015 Stock Incentive Plan

 

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNITS

TERMS AND CONDITIONS

 

1.Defined Terms

When used in this Agreement, the following terms have the meanings set forth below:

(a)“Acquiring Person” means any person or related person or related persons which constitute a “group” for purposes of Section 13(d) and Rule 13d‐5 under the Exchange Act, as such Section and Rule are in effect as of the Grant Date; provided, however, that the term Acquiring Person shall not include (i) Corporation or any of its Subsidiaries, (ii) any employee benefit plan of Corporation or any of its Subsidiaries, (iii) any entity holding voting capital stock of Corporation for or pursuant to the terms of any such employee benefit plan, or (iv) any person or group solely because such person or group has voting power with respect to capital stock of Corporation arising from a revocable proxy or consent given in response to a public proxy or consent solicitation made pursuant to the Exchange Act.

(b)“Change in Control” means:

(i)A change in control of Corporation of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A as in effect on the Grant Date pursuant to the Exchange Act; provided that, without limitation, such a change in control shall be deemed to have occurred at such time as any Acquiring Person hereafter becomes the “beneficial owner” (as defined in Rule l3d‐3 under the Exchange Act), directly or indirectly, of 40 percent or more of the combined voting power of Voting Securities; or

(ii)During any period of 12 consecutive calendar months, individuals who at the beginning of such period constitute the Board cease for any reason to constitute at least a majority thereof unless the election, or the nomination for election, by Corporation stockholders of each new director was approved by a vote of at least a majority of the directors then in office who were directors at the beginning of the period; or

(iii)There shall be consummated (1) any consolidation or merger of Corporation in which Corporation is not the continuing or surviving corporation or pursuant to which Voting Securities of the Corporation would be converted into cash, securities, or other property, other than a merger of Corporation in which the holders of its Voting Securities immediately prior to the merger have the same proportionate ownership of Voting Securities of the surviving corporation immediately after the merger, or (2) any sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of Corporation; or

(iv)Approval by the stockholders of Corporation of any plan or proposal for the liquidation or dissolution of Corporation.

(c)“Change in Control Date” means the first date following the Grant Date on which a Change in Control has occurred.

(d)“Grant Date” means the date the RSUs are granted, which is reflected as the date of this Agreement.

(e)“Voting Securities” means issued and outstanding securities ordinarily having the right to vote in elections for director.

2

 

Capitalized terms not otherwise defined in this Agreement have the meanings given them in the Plan.

2.Terms of RSUs

The RSUs are subject to all the provisions of the Plan and to the following terms and conditions:

2.1Restriction Periods.  The RSUs are subject to the Restriction Periods shown on the first page of this Agreement.

2.2Vesting.  Subject to the accelerated Vesting provisions of Section 2.4, the designated percentages of RSUs will Vest in accordance with the schedule shown on the first page of this Agreement.

2.3Continuation as Director.  Except as otherwise provided in this Agreement, in the event that Participant ceases to be a member of the Board during any Restriction Period for any reason, all unvested RSUs will be forfeited immediately.  

2.4Acceleration of Vesting.  Notwithstanding Section 2.3 or the schedule referred to in Section 2.2, the RSUs will become fully Vested upon the occurrence of either:

(a)Participant's death or withdrawal from the Board by reason of Disability; or

(b)A Change in Control Date.

2.5Settlement.

(a)Generally. Unless previously forfeited pursuant to Section 2.3 or otherwise provided by this Agreement, each designated percentage of RSUs will be settled on the last day of the applicable Restriction Period or, if not a business day, on the first business day thereafter (the “Settlement Date”), by the delivery to Participant of an unrestricted certificate for a number of Shares of Common Stock equal to the number of RSUs that became Vested on that Settlement Date.  Shares issued upon settlement of RSUs may be subject to additional transfer restrictions as provided in this Agreement.  

(b)On Change in Control Date.   RSUs that Vest on a Change in Control Date will be settled in cash in lieu of Shares, with the settlement value of each RSU calculated as the Fair Market Value of a Share on the Change in Control Date.

2.6Other Documents.  Participant will be required to furnish to Corporation before settlement such other documents or representations as Corporation may require to assure compliance with applicable laws and regulations. 

2.7RSUs Not Transferable.  Neither the RSUs, nor this Agreement, nor any interest or right in the RSUs or this Agreement, may be sold, pledged, assigned, or transferred in any manner other than by will or the laws of descent and distribution, unless and until the RSUs have been settled as provided in this Agreement.  Neither the RSUs nor any interest or right in the RSUs will be liable for the debts, obligations, contracts or engagements of Participant or his or her successors in interest or will be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition will be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence.  Shares issued upon settlement of RSUs may be subject to additional transfer restrictions as provided in this Agreement.

2.8Rights as Stockholder.  Prior to the issuance of a certificate for Shares of Common Stock in settlement of the RSUs, Participant will have no rights as a stockholder of Corporation with respect to this Agreement or the RSUs.  

3

 

3.Tax Reimbursement

In the event any withholding or similar tax liability is imposed on Corporation in connection with or with respect to any Vesting of the RSUs, Participant agrees to pay to Corporation an amount sufficient to provide for such tax liability.  

4.Conditions Precedent

Corporation will not be required to issue any Shares upon Vesting of the RSUs, or any portion thereof, until Corporation has taken any action required to comply with all applicable laws, rules and regulations. Such action may include, without limitation, (a) registering or qualifying such Shares under any state or federal law or under the rules of any securities exchange or association, (b) satisfying any law or rule relating to the transfer of unregistered securities or demonstrating the availability of an exemption from any such law, (c) placing a restrictive legend or stop-transfer instructions on the Shares issued upon settlement of the Award, or (d) obtaining the consent or approval of any governmental or regulatory body.

5.Successorship

Subject to restrictions on transferability set forth in the Plan, this Agreement will be binding upon and benefit the parties, their successors and assigns.

6.Notices

Any notices under this Agreement must be in writing and will be effective when actually delivered personally or, if mailed, when deposited as registered or certified mail directed to the address of Corporation's records or to such other address as a party may certify by notice to the other party.

7.Arbitration

Any dispute or claim that arises out of or that relates to this Agreement or to the interpretation, breach, or enforcement of this Agreement, must be resolved by mandatory arbitration administered by and in accordance with the then effective arbitration rules of Arbitration Service of Portland, Inc.  The place of arbitration will be Multnomah County, Oregon.  The award rendered by the arbitrator will be final and binding, and judgment may be entered on the award in any court having jurisdiction.

8.Attorney Fees

In the event of any suit or action or arbitration proceeding to enforce or interpret any provision of this Agreement (or which is based on this Agreement), the prevailing party will be entitled to recover, in addition to other costs, reasonable attorney fees in connection with such suit, action, or arbitration, and in any appeal.  The determination of who is the prevailing party and the amount of reasonable attorney fees to be paid to the prevailing party will be decided by the arbitrator or arbitrators (with respect to attorney fees incurred prior to and during the arbitration proceedings) and by the court or courts, including any appellate courts, in which the matter is tried, heard, or decided, including the court which hears any exceptions made to an arbitration award submitted to it for confirmation as a judgment (with respect to attorney fees incurred in such confirmation proceedings).

9.Clawback/Recovery

Compensation paid to the Participant under this Award is subject to recoupment in accordance with any clawback policy of Corporation in effect from time to time, including any such policy adopted after the date of this Agreement, as well as any similar requirement of applicable law, including without limitation the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Sarbanes-Oxley Act of 2002, and rules adopted by a governmental agency or applicable securities exchange under any such law.  Participant agrees to promptly repay or return any such compensation as directed by Corporation under any such clawback policy or requirement, including the value received from a disposition of Shares acquired pursuant to this Award.

4

 

10.Code Section 409A

This Agreement and the Award are intended to be exempt from the requirements of Code Section 409A by reason of all payments being “short-term deferrals” within the meaning of Treas. Reg. § 1.409A-1(b)(4).  All provisions of this Agreement shall be interpreted in a manner consistent with preserving this exemption.  In no event will Corporation be liable for any tax, interest, or penalties that may be imposed on Participant by Code Section 409A or any damages for failing to comply with Code Section 409A.

5greatwesternbancorpsenio

                                                     Exhibit 4.22                             GREAT WESTERN BANCORP, INC.                               SENIOR DEBT INDENTURE                            DATED AS OF ___________ __, 20__                         ___________________________, AS TRUSTEE                                                                 

 

                                                                             Exhibit 4.22                                    TABLE OF CONTENTS                                                                               Page Number ARTICLE I       DEFINITIONS AND INCORPORATION BY REFERENCE                            Section 1.1   Definitions                                                          Section 1.2   Other Definitions                                                    Section 1.3   Incorporation by Reference of Trust Indenture Act                    Section 1.4   Rules of Construction                                             ARTICLE II      THE SECURITIES                                                        Section 2.1   Issuable in Series                                                   Section 2.2   Establishment of Terms of Series of Securities                       Section 2.3   Execution and Authentication                                         Section 2.4   Registrar and Paying Agent                                           Section 2.5   Paying Agent to Hold Money in Trust                                  Section 2.6   Security Holder Lists                                                Section 2.7   Transfer and Exchange                                                Section 2.8   Mutilated, Destroyed, Lost and Stolen Securities                     Section 2.9   Outstanding Securities                                               Section 2.10   Treasury Securities                                                 Section 2.11   Temporary Securities                                                Section 2.12   Cancellation                                                        Section 2.13   Defaulted Interest                                                  Section 2.14   Global Securities                                                   Section 2.15   CUSIP Numbers                                                    ARTICLE III     REDEMPTION                                                            Section 3.1   Notice to Trustee                                                    Section 3.2   Selection of Securities to be Redeemed                               Section 3.3   Notice of Redemption                                                 Section 3.4   Effect of Notice of Redemption                                       Section 3.5   Deposit of Redemption Price                                          Section 3.6   Securities Redeemed in Part                                       ARTICLE IV      COVENANTS                                                             Section 4.1   Payment of Principal and Interest                                    Section 4.2   SEC Reports                                                          Section 4.3   Compliance Certificate                                               Section 4.4   Stay, Extension and Usury Laws                                       Section 4.5   Corporate Existence                                                  Section 4.6   Taxes                                                             ARTICLE V       SUCCESSORS                                                            Section 5.1   When Company May Merge, Etc.                                         Section 5.2   Successor Corporation Substituted                                 ARTICLE VI      DEFAULTS AND REMEDIES                                                 Section 6.1   Events of Default                                                    Section 6.2   Acceleration of Maturity; Rescission and Annulment                   Section 6.3   Collection of Indebtedness and Suits for Enforcement by Trustee        Section 6.4   Trustee May File Proofs of Claim                                     Section 6.5   Trustee May Enforce Claims Without Possession of Securities          Section 6.6   Application of Money Collected                                       Section 6.7   Limitation on Suits                                                  Section 6.8   Unconditional Right of Holders to Receive Principal and Interest                                                                                                       

 

                                                                             Exhibit 4.22       Section 6.9   Restoration of Rights and Remedies                                   Section 6.10   Rights and Remedies Cumulative                                       Section 6.11   Delay or Omission Not Waiver                                         Section 6.12   Control by Holders                                                   Section 6.13   Waiver of Past Defaults                                              Section 6.14   Undertaking For Costs                                             ARTICLE VII     TRUSTEE                                                                Section 7.1   Duties of Trustee                                                     Section 7.2   Rights of Trustee                                                     Section 7.3   Individual Rights of Trustee                                          Section 7.4   Trustee’s Disclaimer                                                  Section 7.5   Notice of Defaults                                                    Section 7.6   Reports by Trustee to Holders                                         Section 7.7   Compensation and Indemnity                                            Section 7.8   Replacement of Trustee                                                Section 7.9   Successor Trustee by Merger, Etc.                                     Section 7.10   Eligibility; Disqualification                                        Section 7.11   Referential Collection of Claims Against Company                  ARTICLE VIII    SATISFACTION AND DISCHARGE; DEFEASANCE                                 Section 8.1   Satisfaction and Discharge of Indenture                               Section 8.2   Application of Trust Funds; Indemnification                           Section 8.3   Legal Defeasance of Securities of Any Series                          Section 8.4   Covenant Defeasance                                                   Section 8.5   Repayment to Company                                               ARTICLE IX      AMENDMENTS AND WAIVERS                                                 Section 9.1   Without Consent of Holders                                            Section 9.2   With Consent of Holders                                               Section 9.3   Limitations                                                           Section 9.4   Compliance with Trust Indenture Act                                   Section 9.5   Revocation and Effect of Consents                                     Section 9.6   Notation on or Exchange of Securities                                 Section 9.7   Trustee Protected                                                  ARTICLE X       MISCELLANEOUS                                                          Section 10.1   Trust Indenture Act Controls                                         Section 10.2   Notices                                                              Section 10.3   Communication by Holders with Other Holders                          Section 10.4   Certificate and Opinion as to Conditions Precedent                   Section 10.5   Statements Required in Certificate or Opinion                        Section 10.6   Rules by Trustee and Agents                                          Section 10.7   Legal Holidays                                                       Section 10.8   No Recourse Against Others                                           Section 10.9   Counterparts                                                         Section 10.10   Governing Laws                                                      Section 10.11   No Adverse Interpretation of Other Agreements                       Section 10.12   Successors                                                          Section 10.13   Severability                                                        Section 10.14   Table of Contents, Headings, Etc.                                   Section 10.15   Waiver of Trial by Jury                                             Section 10.16   Consent to Jurisdiction                                             Section 10.17   USA Patriot Act                                              ARTICLE XI      SINKING FUNDS                                                          Section 11.1   Applicability of Article                                             Section 11.2   Satisfaction of Sinking Fund Payments with Securities                Section 11.3   Redemption of Securities for Sinking Fund                                                                       

 

                                                                Exhibit 4.22                     CROSS REFERENCE TABLE                                              Trust                    Indenture               Indenture                   Act Section              Section           Section 310(a)(1)                    7.10                              (a)(2)            7.10                              (a)(3)            N/A                              (a)(4)            N/A                              (a)(5)            7.10                              (b)               7.10           Section 311(a)                       7.11                              (b)               7.11                              (c)               N/A           Section 312(a)                        2.6                              (b)               10.3                              (c)               10.3           Section 313(a)                        7.6                              (b)(1)             7.6                              (b)(2)             7.6                              (c)(1)             7.6                              (d)                7.6           Section 314(a)                    4.2, 10.5                              (b)               N/A                              (c)(1)            10.4                              (c)(2)            10.4                              (c)(3)            N/A                              (d)               N/A                              (e)               10.5                              (f)               N/A           Section 315(a)                        7.1                              (b)                7.5                              (c)                7.1                              (d)                7.1                              (e)               6.14           Section 316(a)                       2.10                              (a)(1)(A)         6.12                              (a)(1)(B)         6.13                              (b)                6.8           Section 317(a)(1)                     6.3                              (a)(2)             6.4                              (b)                2.5           Section 318(a)                       10.1                           This Cross Reference Table shall not, for any purpose, be deemed to be part of the Indenture.                      

 

                                                                             Exhibit 4.22         This SENIOR DEBT INDENTURE, dated as of _______________ __, 20__, is made by and  between GREAT WESTERN BANCORP, INC., a Delaware corporation (“Company”), and  _________________________, a ______________________, not in its individual capacity but solely as trustee (the  “Trustee”).                 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the  Holders of the Securities issued under this Indenture:                                                                                      ARTICLE I                     DEFINITIONS AND INCORPORATION BY REFERENCE                 Section 1.1 Definitions.                 “Additional Amounts” means any additional amounts which are required hereby or by any Security, under  circumstances specified herein or therein, to be paid by the Company in respect of certain taxes, duties, levies, imposts,  assessments or other governmental charges imposed on Holders specified herein or therein and which are owing to  such Holders.                 “Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by  or under direct or indirect common control with such specified person. For the purposes of this definition, “control”  (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with  respect to any person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of  the management or policies of such person, whether through the ownership of voting securities or by agreement or  otherwise.                 “Agent” means any Registrar, Paying Agent or Service Agent.                 “Authorized Newspaper” means a newspaper in an official language of the country of publication customarily  published at least once a day for at least five days in each calendar week and of general circulation in the place in  connection with which the term is used. If it shall be impractical in the opinion of the Trustee to make any publication  of any notice required hereby in an Authorized Newspaper, any publication or other notice in lieu thereof that is made  or given by the Trustee shall constitute a sufficient publication of such notice.                 “Bearer Security” means any Security, including any interest coupon appertaining thereto,that does not  provide for the identification of the Holder thereof.                 “Board of Directors” means the Board of Directors of the Company or any duly authorized committee thereof.                   “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the  Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and  to be in full force and effect on the date of the certificate and delivered to the Trustee.                 “Business Day” means, unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental  indenture hereto for a particular Series, any day except a Saturday, a Sunday, a legal holiday or any other day on which  banking institutions in the City of New York, New York, or any Place of Payment, are authorized or required by law,  regulation or executive order to close.                 “Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however  designated) of corporate stock.                  “Company” means the party named as such above until a successor replaces it and thereafter means the  successor.                 “Company Order” means a written order signed in the name of the Company by two Officers, one of whom  must be the Company’s principal executive officer, principal financial officer or principal accounting officer.           

 

                                                                             Exhibit 4.22         “Company Request” means a written request signed in the name of the Company by its Chief Executive  Officer, the President or an Executive Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an  Assistant Secretary, and delivered to the Trustee.                   “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust  business shall be principally administered, which office at the date hereof is located at __________________,  _______________, __ _______, Attention: Great Western Bancorp, Inc., Administrator, or such other address as the  Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust  office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by  notice to the Holders and the Company).                 “Default” means any event which is, or after notice or passage of time or both would be, an Event of Default.                 “Depository” means, with respect to the Securities of any Series issuable or issued in whole or in part in the  form of one or more Global Securities, the person designated as Depository for such Series by the Company, which  Depository shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one  such person, “Depository” as used with respect to the Securities of any Series shall mean the Depository with respect  to the Securities of such Series.                 “Discount Security” means any Security that provides for an amount less than the stated principal amount  thereof to be due and payable upon declaration of acceleration of the Stated Maturity thereof pursuant to Section 6.2.                 “Dollars” and “$” means the currency of the United States of America.                 “Exchange Act” means the Securities Exchange Act of 1934, as amended.                 “GAAP” means generally accepted accounting principles in the United States set forth in the opinions and  pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and  statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such  other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the  date of determination.                 “Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form  established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depository for such  Series or its nominee, and registered in the name of such Depository or nominee.                 “Holder” or “Security Holder” means a person in whose name a Security is registered or the holder of a  Bearer Security.                 “Indenture” means this Senior Debt Indenture as amended or supplemented from time to time and shall  include the form and terms of particular Series of Securities established as contemplated hereunder.                  “interest” with respect to any Discount Security which by its terms bears interest only after Maturity, means  interest payable after Maturity.                 “Maturity,” when used with respect to any Security or installment of principal thereof, means the date on  which the principal of such Security or such installment of principal becomes due and payable as therein or herein  provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, or otherwise.                 “Officer” means the Chief Executive Officer, the President, any Executive Vice President, the Treasurer, the  Secretary, any Assistant Treasurer or any Assistant Secretary of the Company.                 “Officers’ Certificate” means a certificate signed by two Officers, one of whom must be the Company’s  principal executive officer, principal financial officer or principal accounting officer.           

 

                                                                             Exhibit 4.22         “Opinion of Counsel” means a written opinion of legal counsel who is reasonably acceptable to the Trustee.  The counsel may be an employee of or counsel to the Company.                 “person” means any individual, corporation, partnership, joint venture, association, limited liability company,  joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.                 “Place of Payment”, when used with respect to the Securities of or within any Series, means the place or  places where the principal of (and premium, if any) and interest, if any, on such Securities are payable as specified  and as contemplated by Section 2.1.                 “principal” or “principal amount” of a Security means the principal amount of the Security plus, when  appropriate, the premium, if any, on, and any Additional Amounts in respect of, the Security.                 “Responsible Officer” means any officer of the Trustee in its Corporate Trust Office and also means, with  respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because  of his or her knowledge of and familiarity with a particular subject, in each case, who has direct responsibility for the  administration of this Indenture.                 “SEC” means the Securities and Exchange Commission.                 “Securities” means the debentures, notes or other debt instruments of the Company of any Series  authenticated and delivered under this Indenture.                 “Series” or “Series of Securities” means each series of debentures, notes or other debt instruments of the  Company created pursuant to Sections 2.1 and 2.2 hereof.                 “Stated Maturity” when used with respect to any Security or any installment of principal thereof or interest  thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such  installment of principal or interest is due and payable.                 “Subsidiary” of any specified person means any corporation, association or other business entity of which  more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any  contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled,  directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof.                  “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect on the date  of this Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date,  “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended.                 “Trustee” means the person named as the “Trustee” in the first paragraph of this instrument until a successor  Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall  mean each person who is then a Trustee hereunder, and if at any time there is more than one such person, “Trustee”  as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series.                 “U.S. Government Obligations” means securities which are (a) direct obligations of the United States of  America for the payment of which its full faith and credit is pledged or (b) obligations of a person controlled or  supervised by and acting as an agency or instrumentality of the United States of America the payment of which is  unconditionally guaranteed as a full faith and credit obligation by the United States of America, and which in the case  of (a) and (b) 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 evidenced by such depository receipt.                   

 

                                                                             Exhibit 4.22         Section 1.2 Other Definitions.                                     Term                       Defined in Section              “Bankruptcy Law”                               6.1              “Custodian”  6.1              “Event of Default”                             6.1              “Legal Holiday”                               10.7              “mandatory sinking fund payment”              11.1              “optional sinking fund payment”               11.1              “Paying Agent”                                 2.4              “Registrar”  2.4              “Service Agent”                                2.4              “successor person”                             5.1                    Section 1.3 Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision  of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms  used in this Indenture have the following meanings:                 “Commission” means the SEC.                 “indenture securities” means the Securities.                 “indenture Security Holder” means a Securityholder.                 “indenture to be qualified” means this Indenture.                 “indenture trustee” or “institutional trustee” means the Trustee.                  “obligor” on the indenture securities means the Company and any successor obligor upon the Securities.                   All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute  or defined by SEC rule under the TIA and not otherwise defined herein are used herein as so defined.                   Section 1.4 Rules Of Construction. Unless the context otherwise requires:                 (a)    a term has the meaning assigned to it;                 (b)    an accounting term not otherwise defined has the meaning assigned to it in accordance with              generally accepted accounting principles;                 (c)    references to “generally accepted accounting principles” and “GAAP” shall mean generally               accepted accounting principles, consistently applied, in effect as of the time when and for the period              as to which such accounting principles are to be applied;                   (d)   “or” is not exclusive;                   (e)   words in the singular include the plural, and in the plural include the singular; and                   (f)   provisions apply to successive events and transactions.                                                                                      ARTICLE II                                     THE SECURITIES                   Section 2.1 Issuable in Series. The aggregate principal amount of Securities that may be authenticated and  delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a  Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution,  

 

                                                                             Exhibit 4.22   supplemental indenture or Officers’ Certificate detailing the adoption of the terms thereof pursuant to authority granted  under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution,  Officers’ Certificate or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted  under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date,  record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in  respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the  Indenture.                 Section 2.2 Establishment of Terms of Series of Securities. At or prior to the issuance of any Securities within  a Series, the following shall be established (as to the Series generally, in the case of Subsection 2.2(a) and either as to  such Securities within the Series or as to the Series generally, in the case of Subsections 2.2(b) through 2.2(q)) by or  pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board Resolution,  supplemental indenture or an Officers’ Certificate:                 (a)    the title of the Series (which shall distinguish the Securities of that particular Series from the               Securities of any other Series);                   (b)   the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities              of the Series will be issued;                   (c)   any limit upon the aggregate principal amount of the Securities of the Series which may be              authenticated and delivered under this Indenture (except for Securities authenticated and delivered              upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series               pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6);                   (d)   the date or dates on which the principal of the Securities of the Series is payable;                   (e)   the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to               determine such rate or rates (including, but not limited to, any commodity, commodity index, stock              exchange index or financial index) at which the Securities of the Series shall bear interest, if any,              the date or dates from which such interest, if any, shall accrue, the date or dates on which such               interest, if any, shall commence and be payable and any regular record date for the interest payable              on any interest payment date;                   (f)   the Place of Payment where the principal of and interest, if any, on the Securities of the Series shall               be payable, where the Securities of such Series may be surrendered for registration of transfer or              exchange and where notices and demands to or upon the Company in respect of the Securities of              such Series and this Indenture may be served, and the method of such payment, if by wire transfer,              mail or other means;                   (g)   if applicable, the period or periods within which, the price or prices at which and the terms and              conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the               option of the Company;                   (h)   the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant              to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or               periods within which, the price or prices at which and the terms and conditions upon which              Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such              obligation;                   (i)   the dates, if any, on which and the price or prices at which the Securities of the Series will be              repurchased by the Company at the option of the Holders thereof and other detailed terms and              provisions of such repurchase obligations;                   (j)   if other than denominations of $1,000 and any integral multiple thereof, the denominations in which               the Securities of the Series shall be issuable;  

 

                                                                             Exhibit 4.22           (k)    the forms of the Securities of the Series in bearer or fully registered form (and, if in fully registered              form, whether the Securities will be issuable as Global Securities);                   (l)   if other than the entire principal amount thereof, the portion of the principal amount of the Securities              of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant              to Section 6.2;                   (m)   the provisions, if any, relating to any lien, security or encumbrance provided for the Securities of              the Series;                   (n)   any addition to or change in the Events of Default which applies to any Securities of the Series and              any change in the right of the Trustee or the requisite Holders of such Securities to declare the              principal amount thereof due and payable pursuant to Section 6.2;                    (o)   any addition to or change in the covenants set forth in Articles IV or V which applies to Securities              of the Series;                   (p)   any other terms of the Securities of the Series (which may modify or delete any provision of this              Indenture insofar as it applies to such Series); and                   (q)   any depositories, interest rate calculation agents, exchange rate calculation agents or other agents              with respect to Securities of such Series if other than those appointed herein.                   All Securities of any one Series need not be issued at the same time and may be issued from time to time,  consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental  indenture hereto or Officers’ Certificate referred to above, and the authorized principal amount of any Series may not  be increased to provide for issuances of additional Securities of such Series, unless otherwise provided in such Board  Resolution, supplemental indenture or Officers’ Certificate.                   Section 2.3 Execution and Authentication.                 Two Officers shall sign the Securities for the Company by manual or facsimile signature.                 If an Officer whose signature is on a Security no longer holds that office at the time the Security is  authenticated, the Security shall nevertheless be valid.                 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating  agent. Such a signature shall be conclusive evidence that the Security has been authenticated under this Indenture.                   The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal  amount provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the  Trustee of a Company Order. Such Company Order may authorize authentication and delivery pursuant to oral or  electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be  promptly confirmed in writing. Each Security shall be dated the date of its authentication unless otherwise provided  by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate.                 The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit  upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto  or Officers’ Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8.                 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2)  shall be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate  establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities  of that Series or of Securities within that Series, (b) an Officers’ Certificate complying with Section 10.4, and (c) an  Opinion of Counsel complying with Section 10.4.           

 

                                                                             Exhibit 4.22         The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the  Trustee, being advised by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good  faith by its board of directors or trustees, executive committee or a trust committee of directors and/or Vice Presidents  shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding  Series of Securities.                  The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An  authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to  authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an  Agent to deal with the Company or an Affiliate of the Company.                   Section 2.4 Registrar and Paying Agent. The Company shall maintain, with respect to each Series of  Securities, at the Place of Payment specified with respect to such Series pursuant to Section 2.2, an office or agency  where Securities of such Series may be presented or surrendered for payment (the “Paying Agent”), where Securities  of such Series may be surrendered for registration of transfer or exchange (the “Registrar”) and where notices and  demands to or upon the Company in respect of the Securities of such Series and this Indenture may be served (the  “Service Agent”). The Registrar shall keep a register with respect to each Series of Securities and to their transfer and  exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in  the name or address, of each Registrar, Paying Agent or Service Agent. If at any time the Company shall fail to  maintain any such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name  and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate  Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations,  surrenders, notices and demands.                 The Company may also from time to time designate one or more co-registrars, additional paying agents or  additional service agents and may from time to time rescind such designations; provided, however, that no such  designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying  Agent and Service Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such  purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of  any change in the name or address of any such co-registrar, additional paying agent or additional service agent. The  term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the  term “Service Agent” includes any additional service agent.                   The Company hereby appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each  Series unless another Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the time  Securities of that Series are first issued.                   Section 2.5 Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than  the Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of Security Holders of any Series  of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the  Series of Securities, and will notify the Trustee of any default by the Company in making any such payment. While  any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The  Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to  the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further  liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and  hold in a separate trust fund for the benefit of Security Holders of any Series of Securities all money held by it as  Paying Agent.                 Section 2.6 Security Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable  the most recent list available to it of the names and addresses of Security Holders of each Series of Securities and shall  otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee  at least ten days before each interest payment date and at such other times as the Trustee may request in writing a list,  in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Security Holders  of each Series of Securities.           

 

                                                                             Exhibit 4.22         Section 2.7 Transfer and Exchange. Where Securities of a Series are presented to the Registrar or a co- registrar with a request to register a transfer or to exchange them for an equal principal amount of Securities of the  same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are  met. To permit registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s  request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly  permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar  governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge  payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6).                 Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange  Securities of any Series for the period beginning at the opening of business 15 days immediately preceding the mailing  of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on  the day of such mailing, or (b) to register the transfer of or exchange Securities of any Series selected, called or being  called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called  for redemption in part.                  Section 2.8 Mutilated, Destroyed, Lost and Stolen Securities. If any mutilated Security is surrendered to the  Trustee, the Company shall execute and the Trustee shall authenticate and make available for delivery in exchange  therefore a new Security of the same Series and of like tenor and principal amount and bearing a number not  contemporaneously outstanding.                 If there shall be delivered to the Company and the Trustee (a) evidence to their satisfaction of the destruction,  loss or theft of any Security and (b) such security or satisfactory indemnity as may be required by them to save each  of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that  such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee  shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security  of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding.                 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and  payable, the Company in its discretion may, instead of issuing a new Security, pay such Security.                 Upon the issuance of any new Security under this Section, the Company may require the payment of a sum  sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses  (including the fees and expenses of the Trustee) connected therewith.                 Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen  Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed,  lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this  Indenture equally and proportionately with any and all other Securities of that Series duly issued hereunder.                 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and  remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities.                   Section 2.9 Outstanding Securities. The Securities outstanding at any time are all the Securities authenticated  by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest on  a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section  as not outstanding.                 If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof  satisfactory to it that the replaced Security is held by a bona fide purchaser.                 If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of the Company)  holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on  and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue (to the  extent of the Maturity of such Security if less than the entire principal amount is due and payable on such date of  Maturity).  

 

                                                                             Exhibit 4.22          A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the  Security.                 In determining whether the Holders of the requisite principal amount of outstanding Securities have given  any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount  Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that  would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity  thereof pursuant to Section 6.2.                 Section 2.10 Treasury Securities. In determining whether the Holders of the required principal amount of  Securities of a Series have concurred in any request, demand, authorization, direction, notice, consent or waiver,  Securities of a Series owned by the Company shall be disregarded, except that for the purposes of determining whether  the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or  waiver, only Securities of a Series that the Trustee knows are so owned shall be so disregarded.                  Section 2.11 Temporary  Securities. Until definitive Securities are ready for delivery, the Company may  prepare and the Trustee shall authenticate temporary Securities upon a Company Order. Temporary Securities shall  be substantially in the form of definitive Securities but may have variations that the Company considers appropriate  for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee upon request shall  authenticate definitive Securities of the same Series and Stated Maturity in exchange for temporary Securities. Until  so exchanged, temporary Securities shall have the same rights under this Indenture as the definitive Securities.                 Section 2.12 Cancellation. All Securities and coupons surrendered for payment, redemption, repayment at  the option of the Holder, registration of transfer or exchange or for credit against any sinking fund payment shall, if  surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities and coupons  and Securities and coupons surrendered directly to the Trustee for any such purpose shall be promptly cancelled by  the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously  authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever and may  deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously  authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly  cancelled by the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not  operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same  are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in exchange for any  Securities cancelled as provided in this Section 2.12, except as expressly permitted by this Indenture. Cancelled  Securities and coupons held by the Trustee shall be destroyed by the Trustee in accordance with its customary  procedures. The Company by Company Order may direct the Trustee to deliver a certificate of such destruction to the  Company.                 Section 2.13 Defaulted Interest. If the Company defaults in a payment of interest on a Series of Securities, it  shall pay the defaulted interest, plus, to the extent permitted by law, any interest payable on the defaulted interest, to  the persons who are Security Holders of the Series on a subsequent special record date. The Company shall fix the  record date and payment date. At least 10 days before the record date, the Company shall mail to the Trustee and to  each Security Holder of the Series a notice that states the record date, the payment date and the amount of interest to  be paid. The Company may pay defaulted interest in any other lawful manner.                 Section 2.14 Global Securities.                 (a)    Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officers’ Certificate              shall establish whether the Securities of a Series shall be issued in whole or in part in the form of              one or more Global Securities and the Depository for such Global Security or Securities.                   (b)   Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7               hereof and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7              hereof for Securities registered in the names of Holders other than the Depository for such Security              or its nominee only if (i) such Depository notifies the Company that it is unwilling or unable to              continue as Depository for such Global Security or if at any time such Depository ceases to be a 

 

                                                                             Exhibit 4.22                clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint               a successor Depository registered as a clearing agency under the Exchange Act within 90 days of              such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the              effect that such Global Security shall be so exchangeable or (iii) an Event of Default with respect to               the Securities represented by such Global Security shall have happened and be continuing. Any              Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for              Securities registered in such names as the Depository shall direct in writing in an aggregate principal              amount equal to the principal amount of the Global Security with like tenor and terms.                               Except as provided in this Section 2.14(b), a Global Security may not be transferred except as a               whole by the Depository with respect to such Global Security to a nominee of such Depository, by               a nominee of such Depository to such Depository or another nominee of such Depository or by the               Depository or any such nominee to a successor Depository or a nominee of such a successor               Depository.                   (c)   Legend. Any Global Security issued hereunder shall bear a legend in substantially the following              form:                               “This Security is a Global Security within the meaning of the Indenture hereinafter referred to and               is registered in the name of the Depository or a nominee of the Depository. This Security is               exchangeable for Securities registered in the name of a person other than the Depository or its               nominee only in the limited circumstances described in the Indenture, and may not be transferred               except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository               to the Depository or another nominee of the Depository or by the Depository or any such nominee               to a successor Depository or a nominee of such a successor Depository.”                         (d)   Acts of Holders. The Depository, as a Holder, may appoint agents and otherwise authorize               participants to give or take any request, demand, authorization, direction, notice, consent, waiver or               other action which a Holder is entitled to give or take under the Indenture.                   (e)   Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as               contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security               shall be made to the Holder thereof.                   (f)   Consents, Declaration and Directions. Except as provided in Section 2.14(e), the Company, the               Trustee and any Agent shall treat a person as the Holder of such principal amount of outstanding               Securities of such Series represented by a Global Security as shall be specified in a written statement               of the Depository with respect to such Global Security, for purposes of obtaining any consents,               declarations, waivers or directions required to be given by the Holders pursuant to this Indenture.                   Section 2.15 CUSIP Numbers. The Company in issuing the Securities may use “CUSIP” numbers (if then  generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to  Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers  either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only  on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any  defect in or omission of such numbers.                                                                                      ARTICLE III                                       REDEMPTION                 Section 3.1 Notice to Trustee. The Company may, with respect to any Series of Securities, reserve the right  to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part  thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a  Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof  all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee of the  

 

                                                                             Exhibit 4.22   redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give the notice  at least 45 days before the redemption date (or such shorter notice as may be acceptable to the Trustee).                 Section 3.2 Selection of Securities to be Redeemed. Unless otherwise indicated for a particular Series by a  Board Resolution, a supplemental indenture or an Officers’ Certificate, if less than all the Securities of any Series  issued on the same day with the same terms are to be redeemed, the particular Securities to be redeemed shall be  selected not more than 45 days prior to the redemption date by the Trustee, from the Outstanding Securities of such  Series issued on such date with the same terms not previously called for redemption, by such method as the Trustee  shall deem fair and appropriate, and, in the case of global Securities, in accordance with the procedures of the  depositary, provided that such method complies with the rules of any national securities exchange or quotation system  on which the Securities are listed, and may provide for the selection for redemption of portions (equal to the minimum  authorized denomination for Securities of that Series or any integral multiple thereof) of the principal amount of  Securities of such Series of a denomination larger than the minimum authorized denomination for Securities of that  Series; provided, however, that no such partial redemption shall reduce the portion of the principal amount of a  Security not redeemed to less than the minimum authorized denomination for Securities of such Series.                 The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of  the Securities selected for redemption and, in the case of any 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 Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion  of the principal amount of such Security which has been or is to be redeemed.                 Notwithstanding the foregoing, if any Security to be redeemed is a Global Security then any partial  redemption of that Series of Securities will be made in accordance with the Depository’s applicable procedures among  all Holders of such Series of Securities.                   Section 3.3 Notice of Redemption. Unless otherwise indicated for a particular Series by Board Resolution, a  supplemental indenture hereto or an Officers’ Certificate, at least 30 days but not more than 60 days before a  redemption date, the Company shall mail a notice of redemption by first-class mail to each Holder whose Securities  are to be redeemed and, if any Bearer Securities are outstanding, publish on one occasion a notice in an Authorized  Newspaper.                  The notice shall identify the Securities of the Series to be redeemed and shall state:                 (a)    the redemption date;                 (b)    the redemption price and accrued interest, if any, to the redemption date payable as provided;                 (c)    the name and address of the Paying Agent;                 (d)    that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect              the redemption price;                 (e)    that interest on Securities of the Series called for redemption ceases to accrue on and after the              redemption date;                 (f)    the CUSIP number, if any;                 (g)    any conditions precedent that must be satisfied prior to the redemption; and                 (h)    any other information as may be required by the terms of the particular Series or the Securities of a              Series being redeemed.     

 

                                                                             Exhibit 4.22         At the Company’s request, given at least five Business Days prior to the date set forth in such notice, the  Trustee shall give the notice of redemption in the Company’s name and at its expense.                 Section 3.4 Effect of Notice of Redemption. Once notice of redemption is mailed or published as provided  in Section 3.3, Securities of a Series called for redemption become due and payable on the redemption date and at the  redemption price, subject to, with respect to any redemption that is conditioned upon the satisfaction of any conditions  precedent, (i) the delay of such redemption date until such time as any or all of such conditions precedent have been  satisfied or (ii) the revocation of such redemption if the Company determines that such conditions precedent will not  be satisfied. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued  interest to the redemption date, provided that installments of interest whose Stated Maturity is on or prior to the  redemption date shall be payable to the Holders of such Securities (or one or more predecessor Securities) registered  at the close of business on the relevant record date therefor according to their terms and the terms of this Indenture.                 Section 3.5 Deposit of Redemption Price. On or before the redemption date, the Company shall deposit with  the Paying Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be  redeemed on that date.                 Section 3.6 Securities Redeemed in Part. Upon surrender of a Security that is redeemed in part, the Trustee  shall authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount  to the unredeemed portion of the Security surrendered.                                                                                      ARTICLE IV                                       COVENANTS                   Section 4.1 Payment of Principal and Interest. The Company covenants and agrees for the benefit of the  Holders of each Series of Securities that it will duly and punctually pay the principal of and interest, if any, on the  Securities of that Series in accordance with the terms of such Securities and this Indenture.                 Section 4.2 SEC Reports. The Company shall deliver to the Trustee within 15 days after it files them with  the SEC 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 SEC may by rules and regulations prescribe) which the Company is required to file with  the SEC pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other  provisions of TIA Section 314(a). Delivery of such reports, information and documents to the Trustee is for  informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any  information contained therein or determinable from information contained therein, including the Company’s  compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on an Officers’  Certificate).                  Section 4.3 Compliance Certificate. The Company shall deliver to the Trustee, within 120 days after the end  of each fiscal year of the Company, an Officers’ Certificate stating that a review of the activities of the Company and  its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a  view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this  Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his/her knowledge  the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is  not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default  or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he may have  knowledge).                 The Company will, so long as any of the Securities are outstanding, deliver to the Trustee, forthwith upon  becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of  Default and what action the Company is taking or proposes to take with respect thereto.                 Section 4.4 Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do  so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage  of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the  covenants or the performance of this Indenture or the Securities and the Company (to the extent it may lawfully do  

 

                                                                             Exhibit 4.22   so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any  such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit  the execution of every such power as though no such law has been enacted.                Section 4.5 Corporate Existence. Subject to Article V, the Company will do or cause to be done all things  necessary to preserve and keep in full force and effect its corporate existence and the rights (charter and statutory),  licenses and franchises of the Company; provided, however, that the Company shall not be required to preserve any  such right, license or franchise if the Board of Directors shall determine that the preservation thereof is no longer  desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole and that the loss thereof  is not adverse in any material respect to the Holders.                 Section 4.6 Taxes. The Company shall pay prior to delinquency all taxes, assessments and governmental  levies, except as contested in good faith and by appropriate proceedings.                                                                                      ARTICLE V                                       SUCCESSORS                   Section 5.1 When Company May Merge, Etc. The Company shall not consolidate with or merge with or into,  or convey, transfer or lease all or substantially all of its properties and assets to, any person (a “successor person”),  nor shall the Company permit any other person to consolidate with or merge into it or convey, transfer or lease all or  substantially all of its properties and assets to it, in either case unless:                (a)    the Company is the surviving corporation or the successor person (if other than the Company) is a               corporation organized and validly existing under the laws of any U.S. domestic jurisdiction and               expressly assumes the Company’s obligations on the Securities and under this Indenture; and                 (b)    immediately after giving effect to the transaction, and treating any indebtedness that becomes the               obligation of the Company or any of its Subsidiaries as having been incurred at the effective date of               such transaction, no Default or Event of Default shall have occurred and be continuing.                 The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officers’  Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any  supplemental indenture comply with this Indenture.                 Section 5.2 Successor Corporation Substituted. Upon any consolidation or merger, or any sale, lease,  conveyance or other disposition of all or substantially all of the assets of the Company in accordance with Section 5.1,  the successor corporation formed by such consolidation or into or with which the Company is merged or to which  such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise  every right and power of, the Company under this Indenture with the same effect as if such successor person has been  named as the Company herein; provided, however, that the predecessor Company in the case of a sale, conveyance or  other disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the  Securities.                                                                                      ARTICLE VI                                 DEFAULTS AND REMEDIES                 Section 6.1 Events of Default. “Event of Default,” wherever used herein with respect to Securities of any  Series, means any one of the following events, unless in the establishing Board Resolution, supplemental indenture or  Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of Default:                 (a)    default in the payment of any interest on any Security of that Series, or any Additional Amounts               with respect thereto, when becoming due and payable, and continuance of such default for a period              of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee              or with a Paying Agent prior to the expiration of such period of 30 days);                   (b)   default in the payment of principal of any Security of that Series at its Maturity;  

 

                                                                             Exhibit 4.22                  (c)    default in the deposit of any sinking fund payment, when and as due in respect of any Security of              that Series;                   (d)   default in the performance or breach of any covenant or warranty of the Company in this Indenture              (other than a covenant or warranty for which the consequences of nonperformance or breach are              addressed elsewhere in this Section 6.1 and other than a covenant or warranty that has been included               in this Indenture solely for the benefit of Series of Securities other than that Series), which default              continues uncured for a period of 90 days after 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 not less than              25.0% in aggregate principal amount of the outstanding Securities of that 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;                 (e)    the Company pursuant to or within the meaning of any Bankruptcy Law:                               i.  commences a voluntary case,                               ii.  consents to the entry of an order for relief against it in an involuntary case,                               iii.  consents to the appointment of a Custodian of it or for all or substantially all of its property,                               iv.  makes a general assignment for the benefit of its creditors, or                               v.  generally is unable to pay its debts as the same become due; or                        (f)    a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:                               i.  is for relief against the Company in an involuntary case,                               ii.  appoints a Custodian of the Company or for all or substantially all of its property, or                                                iii.  orders the liquidation of the Company, and the order or decree remains unstayed and in effect                 for 60 days; or                 (g)    any other Event of Default provided with respect to Securities of that Series, which is specified in a              Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with              Section 2.2(n).     The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors.  The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.                   Section 6.2 Acceleration of Maturity; Rescission and Annulment. Except to the extent provided otherwise in  the establishing Board Resolution, supplemental indenture or Officers’ Certificate for such Series, if an Event of  Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event  of Default referred to in Section 6.1(e) or (f)), then in every such case the Trustee or the Holders of not less than 25.0%  in aggregate principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any  Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms  of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and  payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any  such declaration such principal amount (or portion thereof) and accrued and unpaid interest, if any, shall become  immediately due and payable. If an Event of Default specified in Section 6.1(e) or (f) shall occur, the principal amount  (or portion thereof) of and accrued and unpaid interest, if any, on all outstanding Securities shall automatically become  and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.            

 

                                                                             Exhibit 4.22         At any time after such a declaration of acceleration with respect to 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 Securities of that Series, by written notice  to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default  with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities  of that Series which have become due solely by such declaration of acceleration, have been cured or waived as  provided in Section 6.13.                 No such rescission shall affect any subsequent Default or impair any right consequent thereon.                 Section 6.3 Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that  if:                 (a)    default is made in the payment of any interest on any Security, or any Additional Amount with              respect thereto, when such interest or Additional Amount becomes due and payable and such default              continues for a period of 30 days,                 (b)    default is made in the payment of principal of any Security at the Maturity thereof, or                 (c)    default is made in the deposit of any sinking fund payment when and as due by the terms of a              Security,     then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the  whole amount then due and payable on such Securities for principal and interest and, to the extent that payment of  such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates  prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the  costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of  the Trustee, its agents and counsel.                 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as  trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may  prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other  obligor upon such Securities and collect the moneys adjudged or deemed to be payable in the manner provided by law  out of the property of the Company or any other obligor upon such Securities, wherever situated.                 If an Event of Default with respect to any 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 Securities 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 6.4 Trustee May File Proofs of Claim. In case of the pendency of any receivership, insolvency,  liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to  the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their  creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein  expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the  Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such  proceeding or otherwise, (a) to file and prove a claim for the whole amount of principal and interest owing and unpaid  in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to  have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and  advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and (b) to  collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same,  and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial  proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee  shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the  

 

                                                                             Exhibit 4.22   reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other  amounts due the Trustee under Section 7.7.                 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or  adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the  Securities 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 6.5 Trustee may Enforce Claims without Possession of Securities. All rights of action and claims  under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of  the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the  Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after  provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its  agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has  been recovered.                  Section 6.6 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 or interest, upon presentation of the Securities 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 7.7; and                 Second: To the payment of the amounts then due and unpaid for principal of and interest on the Securities in  respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of  any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and                 Third: To the Company.                 Section 6.7 Limitation on Suits. No Holder of any Security of any Series shall have any right to institute any  proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for  any other remedy hereunder, unless:                 (a)    such Holder has previously given written notice to the Trustee of a continuing Event of Default with              respect to the Securities of that Series;                 (b)    the Holders of not less than 25.0% in aggregate principal amount of the outstanding Securities of              that 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;                   (c)   such Holder or Holders have offered to the Trustee indemnity satisfactory to it against the costs,              expenses and liabilities to be incurred in compliance with such request;                   (d)   the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to              institute any such proceeding; and                   (e)   no direction inconsistent with such written request has been given to the Trustee during such 60-day               period by the Holders of a majority in principal amount of the outstanding Securities of that 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 of such  Holders, 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 such Holders.                   Section 6.8 Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other  provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to  

 

                                                                             Exhibit 4.22   receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities  expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the  enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.                 Section 6.9 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, subject to any  determination in such proceeding, the Company, the Trustee and the Holders shall 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 6.10 Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement  or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8, 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, to the extent permitted by law, prevent the concurrent assertion or  employment of any other appropriate right or remedy.                 Section 6.11 Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any  Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy  or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this  Article or by law to the Trustee or to 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 6.12 Control by Holders. The Holders of a majority in principal amount of the outstanding Securities  of any Series shall have the right to direct the time, method and place of conducting any proceeding for any remedy  available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of  such Series, provided that:                 (a)    such direction shall not be in conflict with any rule of law or with this Indenture;                 (b)    the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with              such direction; and                   (c)   subject to the provisions of Section 6.1, the Trustee shall have the right to decline to follow any such              direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that              the proceeding so directed would involve the Trustee in personal liability.                 Section 6.13 Waiver of Past Defaults. The Holders of not less than a majority in principal amount of the  outstanding Securities of any Series may on behalf of the Holders of all the Securities of such Series waive any past  Default hereunder with respect to such Series and its consequences, except a Default (a) in the payment of the principal  of or interest on any Security of such Series (provided, however, that the Holders of a majority in principal amount of  the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related  payment default that resulted from such acceleration) or (b) in respect of a covenant or provision hereof which cannot  be modified or amended without the consent of the Holder of each outstanding 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 this Indenture; but no such waiver shall extend to any subsequent or other Default or  impair any right consequent thereon.                 Section 6.14 Undertaking for Costs. All parties to this Indenture agree, and each Holder of any Security by  his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the  enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken,  suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of  such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against  any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such  

 

                                                                             Exhibit 4.22   party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, 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 Securities of any Series, or to any suit instituted by any Holder for the  enforcement of the payment of the principal of or interest on any Security on or after the Stated Maturity or Stated  Maturities expressed in such Security (or, in the case of redemption, on the redemption date).                                                                                     ARTICLE VII                                         TRUSTEE                   Section 7.1 Duties of Trustee.                 (a)    If an Event of Default has occurred and is continuing, the Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of their own affairs.                   (b)   Except during the continuance of an Event of Default:                               i.  The Trustee need perform only those duties that are specifically set forth in this Indenture and                 no others, and no implied covenants or obligations shall be read into this Indenture against the                 Trustee. The Trustee shall not be liable for any action it takes or omits to take in good faith that                  it believes to be authorized or within its rights or powers. The Trustee is not required to give                 any bond or surety with respect to the performance of its duties or the exercise of its powers                 under this Indenture. The permissive right of the Trustee to take the actions permitted by this                 Indenture shall not be construed as an obligation or duty to do so.                               ii.  In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the                 statements and the correctness of the opinions expressed therein, upon Officers’ Certificates or                 Opinions of Counsel furnished to the Trustee and conforming to the requirements of this                 Indenture; however, in the case of any such Officers’ Certificates or Opinions of Counsel which                  by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee                 shall examine such Officers’ Certificates and Opinions of Counsel to determine whether or not                 they conform to the requirements of this Indenture.                   (c)   The Trustee may not be relieved from liability for its own negligent action, its own negligent failure              to act, its own bad faith or its own willful misconduct, except that:                               i.  This paragraph does not limit the effect of paragraph (b) of this Section.                               ii.  The Trustee shall not be liable for any error of judgment made in good faith by a Responsible                 Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts.                                iii.  The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken                  by it with respect to Securities of any Series in good faith in accordance with the direction of                 the Holders of a majority in principal amount of the outstanding Securities of such Series                 relating to the time, method and place of conducting any proceeding for any remedy available                 to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture                 with respect to the Securities of such Series.                   (d)   Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a),              (b) and (c) of this Section.                   (e)   The Trustee may refuse to perform any duty or exercise any right or power at the request or direction              of any Holder unless it receives indemnity satisfactory to it against any loss, liability or expense.           

 

                                                                       Exhibit 4.22                   (f)    The Trustee shall not be liable for interest on any money received by it except as the Trustee may        agree in writing with the Company. Money held in trust by the Trustee need not be segregated from         other funds except to the extent required by law.     (g)    No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any        financial liability in the performance of any of its duties, or in the exercise of any of its rights or         powers, if it shall have reasonable grounds for believing that repayment of such funds or satisfactory        indemnity against such risk is not assured to it.       (h)   The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections,         immunities and standard of care as are set forth in paragraphs (a), (b) and (c) of this Section with        respect to the Trustee.       Section 7.2 Rights of Trustee.     (a)    The Trustee may rely on and shall be protected in acting or refraining from acting upon any         document believed by it to be genuine and to have been signed or presented by the proper person.        The Trustee need not investigate any fact or matter stated in the document.     (b)    Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate, Opinion of         Counsel, or both. The Trustee shall not be liable for any action it takes or omits to take in good faith        in reliance on such Officers’ Certificate and/or Opinion of Counsel.       (c)   The Trustee may act through agents and shall not be responsible for the misconduct or negligence        of any agent appointed with due care. No Depository shall be deemed an agent of the Trustee and        the Trustee shall not be responsible for any act or omission by any Depository.       (d)   The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes        to be authorized or within its rights or powers, provided that the Trustee’s conduct does not        constitute negligence or willful misconduct.        (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 Securities 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 may consult with counsel of its selection and the advice of such counsel or any Opinion        of Counsel shall be full and complete authorization and protection in respect of any action taken,        suffered or omitted by it hereunder without negligence and in good faith and in reliance thereon.     (g)    The Trustee may conclusively rely upon and shall not be bound to make any investigation into the         facts or matters stated in any resolution, certificate, opinion, 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.       (h)   The Trustee shall not be deemed to have notice of any Default or Event of Default unless a        Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any        event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the        Trustee, and such notice references the Securities generally or the Securities of a particular Series         and this Indenture.       (i)   Delivery of reports, information and documents (including, without limitation, reports contemplated        in this Section) to the Trustee is for information purposes only, and the Trustee’s receipts thereof        shall not constitute actual or constructive notice of any information contained therein or         determinable from information contained therein, including the Company’s compliance with 

 

                                                                             Exhibit 4.22                covenants under the Indenture, Securities, and guarantees (if any), as to which the Trustee is entitled              to rely exclusively on Officers’ Certificates.                   (j)   The Trustee shall have no responsibility for monitoring the Company’s compliance with any of its              covenants under this Indenture.                   (k)   The Trustee shall not be responsible or liable for punitive, special, indirect, or consequential loss or               damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether              the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of              actions.                   (l)   Any permissive right of the Trustee to take or refrain from taking actions enumerated in this              Indenture or other Note Documents shall not be construed as a duty.                   (m)   The Trustee shall not be responsible or liable for any failure or delay in the performance of its               obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances              beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood;              terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or               malfunction of utilities, computer (hardware or software) or communication services; accidents;              labor disputes; and acts of civil or military authorities and governmental action.                  (n)    The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good              faith in accordance with the direction of the Holders of a majority in principal amount of the              outstanding Securities of any Series, relating to the time, method and place of conducting any               proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon              the Trustee, under this Indenture with respect to the Securities of such Series.                   Section 7.3 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the  owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate of the Company with the  same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also  subject to Sections 7.10 and 7.11.                 Section 7.4 Trustee’s Disclaimer. The Trustee makes no representation as to the validity or adequacy of this  Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities, and  it shall not be responsible for any statement in the Securities other than its authentication.                 Section 7.5 Notice of Defaults. If a Default or Event of Default occurs and is continuing with respect to the  Securities of any Series and if it is known to a Responsible Officer of the Trustee, the Trustee shall mail to each  Security Holder of the Securities of that Series and, if any Bearer Securities are outstanding, publish on one occasion  in an Authorized Newspaper, notice of a Default or Event of Default within 90 days after it occurs or, if later, after a  Responsible Officer of the Trustee has knowledge of such Default or Event of Default. Except in the case of a Default  or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the  notice if and so long as Responsible Officers in good faith determine that withholding the notice is in the interests of  Security Holders of that Series.                 Section 7.6 Reports by Trustee to Holders. Within 60 days after May 15 in each year, the Trustee shall  transmit by mail to all Security Holders, as their names and addresses appear on the register kept by the Registrar and,  if any Bearer Securities are outstanding, publish in an Authorized Newspaper, a brief report dated as of such May 15,  in accordance with, and to the extent required under, TIA Section 313.                 A copy of each report at the time of its mailing to Security Holders of any Series shall be filed with the SEC  and each stock exchange, if any, on which the Securities of that Series are listed. The Company shall promptly notify  the Trustee when Securities of any Series are listed on any stock exchange.                 Section 7.7 Compensation and Indemnity. The Company shall pay to the Trustee from time to time  compensation for its services as the Company and the Trustee shall from time to time agree upon in writing. The  

 

                                                                             Exhibit 4.22   Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company  shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall  include the reasonable compensation and expenses of the Trustee’s agents and counsel.                 The Company shall indemnify each of the Trustee and any predecessor Trustee (including the cost of  defending itself) against any loss, liability, claim (including any between the parties to this Indenture and including  attorneys’ fees in connection with enforcement of its rights to indemnity hereunder), suit or expense, including taxes  (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set  forth in the next paragraph in the performance of its duties under this Indenture as Trustee or Agent. The Trustee shall  notify the Company promptly of any claim for which it may seek indemnity. The Trustee may have one separate  counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for  any settlement made without its consent, which consent shall not be unreasonably withheld. This indemnification shall  apply to officers, directors, employees, shareholders and agents of the Trustee.                   The Company need not reimburse any expense or indemnify against any loss or liability incurred by the  Trustee or by any officer, director, employee, shareholder or agent of the Trustee to the extent of its or their negligence  or willful misconduct.                   To secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the  Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay  principal of and interest on particular Securities of that Series.                   When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(e) or  (f) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration  under any Bankruptcy Law.                   The provisions of this Section shall survive the resignation or removal of the Trustee and the termination of  this Indenture.                   Section 7.8 Replacement of Trustee. A resignation or removal of the Trustee and appointment of a successor  Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this  Section.                 The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at  least 30 days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the  Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and the  Company. The Company may remove the Trustee with respect to Securities of one or more Series if:                 (a)    the Trustee fails to comply with Section 7.10;                 (b)    the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to              the Trustee under any Bankruptcy Law;                 (c)    a Custodian or public officer takes charge of the Trustee or its property; or                 (d)    the Trustee becomes incapable of acting.                 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company  shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a  majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the  successor Trustee appointed by the Company.                 If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60  days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a  majority in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction  for the appointment of a successor Trustee.  

 

                                                                             Exhibit 4.22                  A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the  Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor  Trustee subject to the lien provided for in Section 7.7, the resignation or removal of the retiring Trustee shall become  effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each  Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall mail a notice of  its succession to each Security Holder of each such Series and, if any Bearer Securities are outstanding, publish such  notice on one occasion in an Authorized Newspaper. Notwithstanding replacement of the Trustee pursuant to this  Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the benefit of the retiring Trustee  with respect to expenses and liabilities incurred by it prior to such replacement.                  Section 7.9 Successor Trustee by Merger, Etc. If the Trustee consolidates with, merges or converts into, or  transfers all or substantially all of its corporate trust business to, another person, the successor person without any  further act shall be the successor Trustee.                 Section 7.10 Eligibility; Disqualification. This Indenture shall always have a Trustee who satisfies the  requirements of TIA Section 310(a)(1), (2) and (5). The Trustee shall always have a combined capital and surplus of  at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with  TIA Section 310(b).                   Section 7.11 Referential Collection of Claims against Company. The Trustee is subject to TIA  Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been  removed shall be subject to TIA Section 311(a) to the extent indicated.                                                                                     ARTICLE VIII                       SATISFACTION AND DISCHARGE; DEFEASANCE                 Section 8.1 Satisfaction and Discharge of Indenture. This Indenture shall upon Company Order cease to be  of further effect (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company,  shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when                 (a) either:                               i.  all Securities theretofore authenticated and delivered (other than Securities that have been                 destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee                  for cancellation; or                               ii.  all such Securities not theretofore delivered to the Trustee for cancellation                                     (1)    have become due and payable, or                                     (2)    will become due and payable at their Stated Maturity within one year, or                                     (3)    are to be called for redemption within one year under arrangements satisfactory to the                        Trustee for the giving of notice of redemption by the Trustee in the name, and at the                        expense, of the Company; or                                     (4) are deemed paid and discharged pursuant to Section 8.3, as applicable; and the                        Company, in the case of (1), (2) and (3) above, has irrevocably deposited or caused to                        be deposited with the Trustee as trust funds in trust an amount sufficient for the                        purpose of paying and discharging the entire indebtedness on such Securities not                        theretofore delivered to the Trustee for cancellation, for principal and interest to the                        date of such deposit (in the case of Securities which have become due and payable on                        or prior to the date of such deposit) or to the Stated Maturity or redemption date, as                        the case may be;            

 

                                                                             Exhibit 4.22         (b)    the Company has paid or caused to be paid all other sums payable hereunder by the Company; and                (c)    the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each              stating that all conditions precedent herein provided for relating to the satisfaction and discharge of              this Indenture have been complied with.                   Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the  Trustee under Section 7.7, and, if money shall have been deposited with the Trustee pursuant to clause (a) of this  Section, the provisions of Sections 2.4, 2.7, 2.8, 8.1, 8.2 and 8.5 shall survive.                   Section 8.2 Application of Trust Funds; Indemnification.                 (a)    Subject to the provisions of Section 8.5, all money deposited with the Trustee pursuant to Section              8.1, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 8.3               or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations deposited              with the Trustee pursuant to Section 8.3 or 8.4, shall be held in trust and applied by it, in accordance              with the provisions of the Securities and this Indenture, to the payment, either directly or through              any Paying Agent (other than the Company acting as its own Paying Agent) as the Trustee may              determine, to the persons entitled thereto, of the principal and interest for whose payment such               money has been deposited with or received by the Trustee or to make mandatory sinking fund              payments or analogous payments as contemplated by Sections 8.3 or 8.4.                   (b)   The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed               on or assessed against U.S. Government Obligations deposited pursuant to Sections 8.3 or 8.4 or the              interest and principal received in respect of such obligations other than any payable by or on behalf              of Holders.                   (c)   The Trustee shall deliver or pay to the Company from time to time upon Company Request any U.S.              Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion              of a nationally recognized firm of independent certified public accountants expressed in a written               certification thereof delivered to the Trustee, are then in excess of the amount thereof which then              would have been required to be deposited for the purpose for which such U.S. Government              Obligations or money were deposited or received. This provision shall not authorize the sale by the              Trustee of any U.S. Government Obligations held under this Indenture.                   Section 8.3 Legal Defeasance of Securities of any Series. Unless this Section 8.3 is otherwise specified,  pursuant to Section 2.2(p), to be inapplicable to Securities of any Series, the Company shall be deemed to have paid  and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of  the deposit referred to in subparagraph (c) hereof, and the provisions of this Indenture, as it relates to such outstanding  Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at  Company Request, execute proper instruments acknowledging the same), except as to:                 (a)    the rights of Holders of Securities of such Series to receive, from the trust funds described in              subparagraph (c) hereof, (i) payment of the principal of and each installment of principal of and              interest on the outstanding Securities of such Series on the Stated Maturity of such principal or              installment of principal or interest and (ii) the benefit of any mandatory sinking fund payments              applicable to the Securities of such Series on the day on which such payments are due and payable               in accordance with the terms of this Indenture and the Securities of such Series;                     (b)   the provisions of Sections 2.4, 2.7, 2.8, 8.2, 8.3, and 8.5; and                   (c)   the rights, powers, trust and immunities of the Trustee hereunder; provided that, the following               conditions shall have been satisfied:                               i.  the Company shall have deposited or caused to be irrevocably deposited (except as provided in                 Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following  

 

                                                                             Exhibit 4.22                   payments, specifically pledged as security for and dedicated solely to the benefit of the Holders                 of such Securities, cash in Dollars and/or U.S. Government Obligations, which through the                 payment of interest and principal in respect thereof in accordance with their terms, will provide                  (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not                 later than one day before the due date of any payment of money, an amount in cash, sufficient,                 in the opinion of a regionally recognized firm of independent public accountants expressed in                 a written certification thereof delivered to the Trustee, to pay and discharge each installment of                 principal of and interest, if any, on and any mandatory sinking fund payments in respect of all                  the Securities of such Series on the dates such installments of interest or principal and such                 sinking fund payments are due;                               ii.  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;                               iii.  no Default or Event of Default with respect to the Securities of such Series shall have occurred                 and be continuing on the date of such deposit or during the period ending on the 120th day after                  such date;                               iv.  the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of                 Counsel to the effect that (A) the Company has received from, or there has been published by,                  the Internal Revenue Service a ruling, or (B) since the date of execution of this Indenture, there                  has been a change in the applicable Federal income tax law, in either case to the effect that, and                 based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such                  Series will not recognize income, gain or loss for Federal income tax purposes as a result of                 such deposit, defeasance and discharge and will be subject to Federal income tax on the same                 amounts and in the same manner and at the same times as would have been the case if such                  deposit, defeasance and discharge had not occurred;                               v.  the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit                  was not made by the Company with the intent of preferring the Holders of the Securities of such                   Series over any other creditors of the Company or with the intent of defeating, hindering,                  delaying or defrauding any other creditors of the Company; and                                vi.  the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that: (A)                   either (i) as a result of the deposit made pursuant to subparagraph (c)(i) above registration is                  not required under the Investment Company Act of 1940, as amended, by the Company with                  respect to the trust funds representing such deposit or by the Trustee for such trust funds or (ii)                   all necessary registrations under said Act have been effected and (B) the discharge does not                 cause the Trustee to have a conflicting interest for purposes of the Trust Indenture Act; and                               vii.  the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of                 Counsel, each stating that all conditions precedent provided for relating to the defeasance                 contemplated by this Section have been complied with.                   Section 8.4 Covenant Defeasance. Unless this Section 8.4 is otherwise specified pursuant to Section 2.2(p)  to be inapplicable to Securities of any Series, on and after the 91st day after the date of the deposit referred to in  subparagraph (a) hereof, the Company may omit to comply with respect to the Securities of any Series with any term,  provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.6, and 5.1 as well as any additional covenants specified  in a supplemental indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate delivered  pursuant to Section 2.2(p) (and the failure to comply with any such covenants shall not constitute a Default or Event  of Default with respect to such Series under Section 6.1) and the occurrence of any event specified in a supplemental  indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to  Section 2.2(n) and designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with  respect to the Securities of such Series, provided that the following conditions shall have been satisfied:           

 

                                                                             Exhibit 4.22           (a)    With reference to this Section 8.4, the Company has deposited or caused to be irrevocably deposited              (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of              making the following payments specifically pledged as security for, and dedicated solely to, the              benefit of the Holders of such Securities, cash in Dollars and/or U.S. Government Obligations,               which through the payment of interest and principal in respect thereof in accordance with their              terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such              Trustee), not later than one day before the due date of any payment of money, an amount in cash,               sufficient, in the opinion of a regionally recognized firm of independent certified public accountants              expressed in a written certification thereof delivered to the Trustee, to pay and discharge each              installment of principal of and interest, if any, on and any mandatory sinking fund payments in              respect of the Securities of such Series on the dates such installments of interest or principal and              such sinking fund payments are due;                   (b)   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;                   (c)   No Default or Event of Default with respect to the Securities of such Series shall have occurred and               be continuing on the date of such deposit or during the period ending on the 120th day after such              date;                   (d)   The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders              of the Securities of such Series will not recognize income, gain or loss for federal income tax              purposes as a result of such deposit and covenant defeasance and will be subject to federal income              tax on the same amounts, in the same manner and at the same times as would have been the case if               such deposit and covenant defeasance had not occurred;                 (e)    The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that: (A) either              (i) as a result of the deposit made pursuant to subsection (a) above registration is not required under               the Investment Company Act of 1940, as amended, by the Company with respect to the trust funds              representing such deposit or by the Trustee for such trust funds or (ii) all necessary registrations              under said Act have been effected and (B) the discharge does not cause the Trustee to have a              conflicting interest for purposes of the Trust Indenture Act; and                   (f)   The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,              each stating that all conditions precedent herein provided for relating to the covenant defeasance              contemplated by this Section have been complied with.                   Section 8.5 Repayment to Company. The Trustee and the Paying Agent shall pay to the Company upon  request any money held by them for the payment of principal and interest that remains unclaimed for six months. After  that, Security Holders entitled to the money must look to the Company for payment as general creditors unless an  applicable abandoned property law designates another person.                                                                                      ARTICLE IX                               AMENDMENTS AND WAIVERS                   Section 9.1 Without Consent of Holders. The Company and the Trustee may amend or supplement this  Indenture or the Securities of one or more Series without the consent of any Security Holder by indentures  supplemental hereto:                 (a)    to cure any ambiguity, defect or inconsistency, provided that such actions will not adversely affect              the interests of the holders of the Notes in any material respect;                   (b)   to comply with Article V;            

 

                                                                             Exhibit 4.22           (c)    to evidence the succession of another corporation to the Company, or successive successions,              pursuant to Article 11 hereof, and the assumption by the successor corporation of the covenants,              agreements and obligations of the Company herein and in the Securities;                   (d)   to add to the covenants of the Company such further covenants, restrictions, conditions or provisions              as its Board of Directors shall consider to be for the protection of the holders of Securities, and to              make the occurrence, or the occurrence and continuance, of a default in any of such additional               covenants, restrictions, conditions or provisions an Event of Default permitting the enforcement of              all or any of the several remedies provided in this Indenture as herein set forth, with such period of               grace, if any, and subject to such conditions as such supplemental indenture may provide;                 (e)    to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be              registrable as to principal, to change or eliminate any restrictions on the payment of principal of or               any premium or interest on Bearer Securities, 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 or facilitate the issuance of Securities in              uncertificated form, provided that any such action shall not adversely affect the interests of the              holders of Securities of any Series or any related coupons in any material respect;                   (f)    to modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary              to effect the qualification of this Indenture under the Trust Indenture Act, or under any similar              federal statute hereafter enacted, and to add to this Indenture such other provisions as may be              expressly permitted by the Trust Indenture Act, excluding, however, the provisions referred to in              Section 316(a)(2) of the Trust Indenture Act or any corresponding provision in any similar federal               statute hereafter enacted;                   (g)   to add any additional Events of Default (and if such Events of Default are to be for the benefit of              less than all Series of Securities, stating that such are expressly being included solely for the benefit              of such Series);                   (h)   to modify, eliminate or add to any of the provisions of this Indenture, provided that any such change              or elimination (i) shall become effective only when there is no Security of any Series Outstanding              and created prior to the execution of such supplemental indenture that is entitled to the benefit of               such provision or (ii) shall not apply to any Security Outstanding;                 (i)    to provide for uncertificated Securities in addition to or in place of certificated Securities, provided              that such actions will not adversely affect the interests of the holders of the Notes in any material              respect;                 (j)    to make any change that does not adversely affect the rights of any Security Holder;                 (k)    to provide for the issuance of and establish the form and terms and conditions of Securities of any               Series as permitted by this Indenture;                 (l)    to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with              respect to the Securities of one or more Series and to add to or change any of the provisions of this               Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder              by more than one Trustee; or                   (m)   to comply with requirements of the SEC in order to effect or maintain the qualification of this               Indenture under the TIA.                   Section 9.2 With Consent of Holders. The Company and the Trustee may enter into a supplemental indenture  with the written consent of the Holders of at least a majority in principal amount of the outstanding Securities of each  Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or  exchange offer for the Securities of such Series), for the purpose of adding any provisions to or changing in any  

 

                                                                             Exhibit 4.22   manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any  manner the rights of the Security Holders of each such Series. Except as provided in Section 6.13, the Holders of at  least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including  consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive  compliance by the Company with any provision of this Indenture or the Securities with respect to such Series.                 It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the  particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves  the substance thereof. After a supplemental indenture or waiver under this section becomes effective, the Company  shall mail to the Holders of Securities affected thereby and, if any Bearer Securities affected thereby are outstanding,  publish on one occasion in an Authorized Newspaper, a notice briefly describing the supplemental indenture or waiver.  Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way  impair or affect the validity of any such supplemental indenture or waiver.                  Section 9.3 Limitations. Without the consent of each Security Holder affected, an amendment or waiver may  not:                 (a)    reduce the amount of Securities whose Holders must consent to an amendment, supplement or              waiver;                   (b)   reduce the rate of or extend the time for payment of interest (including default interest) on any               Security or any Additional Amount with respect thereto;                 (c)    reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or              postpone the date fixed for, the payment of any sinking fund or analogous obligation;                   (d)   reduce the principal amount of Discount Securities payable upon acceleration of the maturity              thereof;                   (e)   waive a Default or Event of Default in the payment of the principal of or interest, if any, on any              Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least              a majority in principal amount of the outstanding Securities of such Series and a waiver of the              payment default that resulted from such acceleration);                   (f)   make the principal of or interest, if any, on any Security or any Additional Amount with respect              thereto payable in any currency other than that stated in the Security;                   (g)   make any change in Sections 6.8, 6.13, or 9.3 (this sentence); or                   (h)   waive a redemption payment with respect to any Security.                   Section 9.4 Compliance with Trust Indenture Act. Every amendment to this Indenture or the Securities of  one or more Series shall be set forth in a supplemental indenture hereto that complies with the TIA as then in effect.                 Section 9.5 Revocation and Effect of Consents. Until an amendment is set forth in a supplemental indenture  or a waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and  every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s  Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent Holder  may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation  before the date of the supplemental indenture or the date the waiver becomes effective.                 Any amendment or waiver once effective shall bind every Security Holder of each Series affected by such  amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3. In that case,  the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder  of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security.            

 

                                                                             Exhibit 4.22         Section 9.6 Notation on or Exchange of Securities. The Trustee may place an appropriate notation about an  amendment or waiver on any Security of any Series thereafter authenticated. The Company in exchange for Securities  of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the  amendment or waiver.                 Section 9.7 Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental  indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee  shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officers’ Certificate  and Opinion of Counsel stating that all conditions precedent have been satisfied, the execution of such supplemental  indenture is authorized or permitted by this Indenture and that such supplemental indenture is the legal, valid and  binding obligation of the Company, enforceable against the Company in accordance with its terms. The Trustee shall  sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely  affects it.                                                                                      ARTICLE X                                     MISCELLANEOUS                   Section 10.1 Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies, or conflicts  with another provision which is required or deemed to be included in this Indenture by the TIA, such required or  deemed provision shall control.                 Section 10.2 Notices. Any notice or communication by the Company or the Trustee to the other, or by a  Holder to the Company or the Trustee, is duly given if in writing and delivered in person or mailed by first-class mail:                               if to the Company:                               Great Western Bancorp, Inc.               225 S. Main Avenue               Sioux Falls, SD  57104               Attention: Chief Financial Officer               Telephone: (605) 334 - 2548                               if to the Trustee:                                                                                                                                                             The Company or the Trustee by notice to the other may designate additional or different addresses for  subsequent notices or communications.                 Any notice or communication to a Security Holder shall be mailed by first-class mail to his address shown  on the register kept by the Registrar and, if any Bearer Securities are outstanding, published in an Authorized  Newspaper. Failure to mail a notice or communication to a Security Holder of any Series or any defect in it shall not  affect its sufficiency with respect to other Security Holders of that or any other Series.                 If a notice or communication is mailed or published in the manner provided above, within the time prescribed,  it is duly given, whether or not the Security Holder receives it.                 If the Company mails a notice or communication to Security Holders, it shall mail a copy to the Trustee and  each Agent at the same time. Notwithstanding any other provision of the Indenture or any Security, where the  Indenture or any Security provides for notice of any event or any other communication (including any notice of  redemption or repurchase) to a Security Holder of a Security (whether by mail or otherwise), such notice shall be  

 

                                                                             Exhibit 4.22   sufficiently given if given to Depository (or its designee) pursuant to the applicable procedures from Depository or its  designee, including by electronic mail in accordance with accepted practices at Depository.                 Section 10.3 Communication by Holders with Other Holders. Security Holders of any Series may  communicate pursuant to TIA Section 312(b) with other Security Holders of that Series or any other Series with  respect to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the  Registrar and anyone else shall have the protection of TIA Section 312(c).                 Section 10.4 Certificate and Opinion as to Conditions Precedent. Upon any request or application by the  Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee:                 (a)    an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any,              provided for in this Indenture relating to the proposed action have been complied with; and                 (b)    an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent              have been complied with.                   Section 10.5 Statements Required in Certificate or Opinion. Each certificate or opinion with respect to  compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to  TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include:                 (a)    a statement that the person making such certificate or opinion has read such covenant or condition;                (b)    a brief statement as to the nature and scope of the examination or investigation upon which the              statements or opinions contained in such certificate or opinion are based;                 (c)    a statement that, in the opinion of such person, he has made such examination or investigation as is              necessary to enable him to express an informed opinion as to whether or not such covenant or              condition has been complied with; and                   (d)   a statement as to whether or not, in the opinion of such person, such condition or covenant has been               complied with.                   Section 10.6 Rules by Trustee and Agents. The Trustee may make reasonable rules for action by, or a meeting  of, Security Holders of one or more Series. Any Agent may make reasonable rules and set reasonable requirements  for its functions.                  Section 10.7 Legal Holidays. Unless otherwise provided by Board Resolution, Officers’ Certificate or  supplemental indenture hereto for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a  payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding  day that is not a Legal Holiday, and no interest shall accrue for the intervening period.                 Section 10.8 No Recourse Against Others. A director, officer, employee or stockholder, as such, of the  Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for  any claim based on, in respect of or by reason of such obligations or their creation. Each Security Holder by accepting  a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of  the Securities.                 Section 10.9 Counterparts. This Indenture may be executed in any number of counterparts and by the parties  hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which  taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature  pages by facsimile or electronic format (e.g., “.pdf” or “.tif”) transmission shall constitute effective execution and  delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or electronic format (e.g., “.pdf” or “.tif”) shall be deemed to  be their original signatures for all purposes.           

 

                                                                             Exhibit 4.22         Section 10.10 Governing Laws. THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED  BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE  PERFORMED IN SUCH STATE, WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF  (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).                 Section 10.11 No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret  another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such indenture, loan  or debt agreement may not be used to interpret this Indenture.                 Section 10.12 Successors. All agreements of the Company in this Indenture and the Securities shall bind its  successor. All agreements of the Trustee in this Indenture shall bind its successor.                 Section 10.13 Severability. In case any provision in this Indenture or in the Securities shall be invalid, illegal  or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected  or impaired thereby.                 Section 10.14 Table of Contents, Headings, Etc. The Table of Contents, Cross-Reference Table, and headings  of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be  considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.                 Section 10.15. Waiver of Trial by Jury. EACH OF THE COMPANY, THE HOLDERS AND THE  TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE  LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR  RELATING TO THIS INDENTURE, THE NOTES, OR THE TRANSACTION CONTEMPLATED THEREBY.                   Section 10.16. Consent to Jurisdiction.                 (a)         The Company hereby irrevocably and unconditionally submits, for itself and its property, to the  nonexclusive jurisdiction of any New York State court or federal court of the United States sitting in the State and  City of New York, County, and Borough of Manhattan, and any appellate court from any thereof, in any action or  proceeding arising out of or relating to this Indenture or the Notes, or for the recognition or enforcement of any  judgment, and each of the parties hereby irrevocably and unconditionally agrees that all claims in respect of any such  action or proceeding may be heard and determined in such state court sitting in the State and City of New York,  County and Borough of Manhattan or, to the extent permitted by law, in such federal court sitting in the State and City  of New York, County and Borough of Manhattan.                 (b)         The Company hereby irrevocably and unconditionally waives, to the fullest extent it may legally and  effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or  proceeding arising out of or relating to this Indenture or the Notes in any New York State or federal court. Each of the  parties hereto irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the  maintenance of such action or proceeding in any such court.                 Section 10.17. USA Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the  USA PATRIOT Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and  money laundering, is required to obtain, verify and record information that identifies each person or legal entity that  establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will  provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the  USA PATRIOT Act.                                                                                      ARTICLE XI                                      SINKING FUNDS                 Section 11.1 Applicability of Article. The provisions of this Article shall be applicable to any sinking fund  for the retirement of the Securities of a Series, except as otherwise permitted or required by any form of Security of  such Series issued pursuant to this Indenture.           

 

                                                                             Exhibit 4.22         The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series  is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of  Securities of such Series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of  Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in  Section 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided  for by the terms of the Securities of such Series.                 Section 11.2 Satisfaction of Sinking Fund Payments with Securities. The Company may, in satisfaction of  all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the  terms of such Securities (a) deliver outstanding Securities of such Series to which such sinking fund payment is  applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and (b) apply  as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased  by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities  (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund  payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have  not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’ Certificate  with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting  Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities  for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced  accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2,  the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall  be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a  Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and  applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall  from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being  held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series  purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to  the Company.                    Section 11.3 Redemption of Securities for Sinking Fund. Not less than 45 days (unless otherwise indicated  in the Board Resolution, supplemental indenture or Officers’ Certificate in respect of a particular Series of Securities)  prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an  Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that Series  pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the  portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to  Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment,  and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days (unless  otherwise indicated in the Board Resolution, Officers’ Certificate or supplemental indenture in respect of a particular  Series of Securities) before each such sinking fund payment date the Trustee shall select the Securities to be redeemed  upon such sinking fund payment date in the manner specified in Section 3.2 and cause notice of the redemption thereof  to be given in the name of and at the expense of the Company in the manner provided in Section 3.3. Such notice  having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in  Sections 3.4, 3.5 and 3.6.                                                                                  [Signature page follows.]     

 

                                                                             Exhibit 4.22          IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the day  and year first above written.                                                                                               GREAT WESTERN BANCORP, INC.                                                                                                 By:                                                 Name:                                               Title:                                                                                                   [TRUSTEE], not in its individual capacity but solely as                                             Trustee                                                                                                By:                                                 Name:                                               Title:

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