Document:

Exhibit 4.01

 

 

OGE ENERGY CORP.

 

 

AND

 

 

UMB BANK, N.A.

 

 

TRUSTEE

 

 

 

INDENTURE

 

DATED AS OF NOVEMBER 1, 2004

 

 

 

 

CROSS REFERENCE SHEET SHOWING THE 

LOCATION IN THE INDENTURE OF THE PROVISIONS INSERTED

PURSUANT TO SECTIONS 310 THROUGH 318(a) INCLUSIVE OF

THE TRUST INDENTURE ACT OF 1939

 

	
  SECTION OF TRUST

  INDENTURE ACT

  	
   

  	
  SECTION
  OF INDENTURE

  	
   

  
	
  310(a)(1)

  	
   

  	
  8.09

  	
   

  
	
  310(a)(2)

  	
   

  	
  8.09

  	
   

  
	
  310(a)(3)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  310(a)(4)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  310(a)(5)

  	
   

  	
  8.09

  	
   

  
	
  310(b)

  	
   

  	
  8.08

  	
   

  
	
  310(c)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  311(a)

  	
   

  	
  8.14

  	
   

  
	
  311(b)

  	
   

  	
  8.14

  	
   

  
	
  311(c)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  312(a)

  	
   

  	
  6.01(a)

  	
   

  
	
  312(b)

  	
   

  	
  6.01(b)

  	
   

  
	
  312(c)

  	
   

  	
  6.01(c)

  	
   

  
	
  313(a)

  	
   

  	
  6.03(a)

  	
   

  
	
  313(b)

  	
   

  	
  6.03(b)

  	
   

  
	
  313(c)

  	
   

  	
  6.03(d)

  	
   

  
	
  313(d)

  	
   

  	
  6.03(c) and 6.03(d)

  	
   

  
	
  314(a)

  	
   

  	
  6.02(a), 6.02(b), 6.02(c) and 5.05

  	
   

  
	
  314(b)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  314(c)(1)

  	
   

  	
  Definition of Officers’ Certificate, 5.05 and
  14.05(a)

  	
   

  
	
  314(c)(2)

  	
   

  	
  Definition of Opinion of Counsel and 14.05

  	
   

  
	
  314(c)(3)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  314(d)(1)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  314(d)(2)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  314(d)(3)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  314(e)

  	
   

  	
  14.05(b)

  	
   

  
	
  314(f)

  	
   

  	
  NOT APPLICABLE

  	
   

  
	
  315(a)

  	
   

  	
  8.01 and 8.02

  	
   

  
	
  315(b)

  	
   

  	
  7.08

  	
   

  
	
  315(c)

  	
   

  	
  8.01(a)

  	
   

  
	
  315(d)

  	
   

  	
  8.01(b)

  	
   

  
	
  315(e)

  	
   

  	
  7.09

  	
   

  
	
  316(a)

  	
   

  	
  7.07

  	
   

  
	
   

  	
   

  	
  9.04

  	
   

  
	
   

  	
   

  	
  12.02

  	
   

  
	
  316(b)

  	
   

  	
  7.04

  	
   

  
	
   

  	
   

  	
  12.02

  	
   

  
	
  316(c)

  	
   

  	
  9.06

  	
   

  
	
  317(a)(1)

  	
   

  	
  7.02(b)

  	
   

  
	
  317(a)(2)

  	
   

  	
  7.02(c)

  	
   

  

 

i

 

	
  SECTION OF TRUST

  INDENTURE ACT

  	
   

  	
  SECTION
  OF INDENTURE

  	
   

  
	
  317(b)

  	
   

  	
  4.02

  	
   

  
	
   

  	
   

  	
  5.04

  	
   

  
	
  318(a)

  	
   

  	
  14.07

  	
   

  

 

ii

 

Table of Contents

 

	
  ARTICLE ONE

  
	
  Definitions

  
	
   

  	
   

  	
   

  
	
  Section 1.01.

  	
  General

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 1.02.

  	
  Trust Indenture Act

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 1.03.

  	
  Definitions

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE TWO

  
	
  Form, Issue,
  Execution, Registration and Exchange of Securities

  
	
   

  	
   

  	
   

  
	
  Section 2.01.

  	
  Form Generally

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.02.

  	
  Form of Trustee’s Certificate of
  Authentication

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.03.

  	
  Amount Unlimited

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.04.

  	
  Denominations, Dates, Interest Payment and
  Record Dates

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.05.

  	
  Execution, Authentication, Delivery and
  Dating

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.06.

  	
  Exchange and Registration of Transfer of
  Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.07.

  	
  Mutilated, Destroyed, Lost or Stolen
  Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.08.

  	
  Temporary Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.09.

  	
  Cancellation of Securities Paid, etc

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.10.

  	
  Interest Rights Preserved

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.11.

  	
  Special Record Date

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.12.

  	
  Payment of Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.13.

  	
  Securities Issuable in the Form of a
  Global Security

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE THREE

  
	
  Redemption of Securities

  
	
   

  	
   

  	
   

  
	
  Section 3.01.

  	
  Applicability of Article

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 3.02.

  	
  Notice of Redemption; Selection of
  Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 3.03.

  	
  Payment of Securities on Redemption;
  Deposit of Redemption Price

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE FOUR

  
	
  Satisfaction
  and Discharge; Unclaimed Moneys

  
	
   

  	
   

  	
   

  
	
  Section 4.01.

  	
  Satisfaction and Discharge

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 4.02.

  	
  Deposited Moneys to be Held in Trust by
  Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 4.03.

  	
  Paying Agent to Repay Moneys Held

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 4.04.

  	
  Return of Unclaimed Moneys

  	
   

  

 

i

 

	
  ARTICLE FIVE

  
	
  Particular
  Covenants Of The Company

  
	
   

  	
   

  	
   

  
	
  Section 5.01.

  	
  Payment of Principal, Premium and Interest

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 5.02.

  	
  Office for Notices and Payments, etc

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 5.03.

  	
  Appointments to Fill Vacancies in
  Trustee’s Office

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 5.04.

  	
  Provision as to Paying Agent

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 5.05.

  	
  Certificates and Notice to Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE SIX

  
	
  Security
  Holder Lists and Reports By The Company And The Trustee

  
	
   

  	
   

  	
   

  
	
  Section 6.01.

  	
  Security Holder Lists

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 6.02.

  	
  Securities and Exchange Commission Reports

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 6.03.

  	
  Reports by the Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE SEVEN

  
	
  Remedies Of The Trustee And
  Security Holders On Events Of Default

  
	
   

  	
   

  	
   

  
	
  Section 7.01.

  	
  Events of Default

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.02.

  	
  Payment of Securities on Default; Suit
  Therefor

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.03.

  	
  Application of Moneys Collected by Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.04.

  	
  Proceedings by Security Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.05.

  	
  Proceedings by Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.06.

  	
  Remedies Cumulative and Continuing

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.07.

  	
  Direction of Proceedings and Waiver of
  Defaults by Majority of Security Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.08.

  	
  Notice of Default

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.09.

  	
  Undertaking to Pay Costs

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE EIGHT

  
	
  Concerning The Trustee

  
	
   

  	
   

  	
   

  
	
  Section 8.01.

  	
  Duties and Responsibilities of Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.02.

  	
  Reliance on Documents, Opinions, etc

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.03.

  	
  No Responsibility for Recitals, etc

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.04.

  	
  Trustee, Authenticating Agent, Paying
  Agent or Registrar May Own Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.05.

  	
  Moneys to be Held in Trust

  	
   

  

 

ii

 

	
  Section 8.06.

  	
  Compensation and Expenses of Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.07.

  	
  Officers’ Certificate as Evidence

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.08.

  	
  Conflicting Interest of Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.09.

  	
  Existence and Eligibility of Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.10.

  	
  Resignation or Removal of Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.11.

  	
  Appointment of Successor Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.12.

  	
  Acceptance by Successor Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.13.

  	
  Succession by Merger, etc

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.14.

  	
  Limitations on Rights of Trustee as a
  Creditor

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.15.

  	
  Authenticating Agent

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE NINE

  
	
  Concerning The Security
  Holders

  
	
   

  	
   

  	
   

  
	
  Section 9.01.

  	
  Action by Security Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.02.

  	
  Proof of Execution by Security Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.03.

  	
  Who Deemed Absolute Owners

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.04.

  	
  Company-Owned Securities Disregarded

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.05.

  	
  Revocation of Consents; Future Holders
  Bound

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.06.

  	
  Record Date for Security Holder Acts

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE TEN

  
	
  Security Holders’ Meeting

  
	
   

  	
   

  	
   

  
	
  Section 10.01.

  	
  Purposes of Meetings

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.02.

  	
  Call of Meetings by Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.03.

  	
  Call of Meetings by Company or Security
  Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.04.

  	
  Qualifications for Voting

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.05.

  	
  Regulations

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.06.

  	
  Voting

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.07.

  	
  Rights of Trustee or Security Holders not
  Delayed

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE ELEVEN

  
	
  Consolidation,
  Merger, Sale, Transfer or Other Disposition

  
	
   

  	
   

  	
   

  
	
  Section 11.01.

  	
  Company May Consolidate, etc. Only on
  Certain Terms

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 11.02.

  	
  Successor Corporation Substituted

  	
   

  

 

iii

 

	
  ARTICLE TWELVE

  
	
  Supplemental Indentures

  
	
   

  	
   

  	
   

  
	
  Section 12.01.

  	
  Supplemental Indentures without Consent
  of Security Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 12.02.

  	
  Supplemental Indentures with Consent of
  Security Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 12.03.

  	
  Compliance with Trust Indenture Act;
  Effect of Supplemental Indentures

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 12.04.

  	
  Notation on Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 12.05.

  	
  Evidence of Compliance of Supplemental
  Indenture to be Furnished Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE THIRTEEN

  
	
  Immunity
  Of Incorporators, Stockholders, Officers And Directors

  
	
   

  	
   

  	
   

  
	
  Section 13.01.

  	
  Indenture and Securities Solely Corporate
  Obligations

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE FOURTEEN

  
	
  Miscellaneous Provisions

  
	
   

  	
   

  	
   

  
	
  Section 14.01.

  	
  Provisions Binding on Company’s
  Successors

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.02.

  	
  Official Acts by Successor Corporation

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.03.

  	
  Notices

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.04.

  	
  Governing Law

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.05.

  	
  Evidence of Compliance with Conditions
  Precedent

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.06.

  	
  Business Days

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.07.

  	
  Trust Indenture Act to Control

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.08.

  	
  Table of Contents, Headings, etc

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.09.

  	
  Execution in Counterparts

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.10.

  	
  Manner of Mailing Notice to Security
  Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.11.

  	
  Approval by Trustee of Expert or Counsel

  	
   

  
	
   

  	
   

  	
   

  
	
  EXHIBIT A.

  	
  FORM OF
  GLOBAL NOTE

  	
   

  
	
  EXHIBIT B.

  	
  FORM OF
  NOTE

  	
   

  

 

iv

 

THIS INDENTURE, dated as of November 1, 2004, between
OGE ENERGY CORP., a corporation duly organized and existing under the laws of
the State of Oklahoma (the “Company”), and
UMB Bank, N.A., a national banking association organized and existing under the
laws of the United States of America, as trustee (the “Trustee”).

 

WITNESSETH

 

WHEREAS, for its lawful corporate purposes, the
Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its Debt Securities (the “Securities”), to be issued as in this Indenture provided;

 

AND WHEREAS, all acts and things necessary to make
this Indenture a valid agreement according to its terms have been done and
performed, and the execution of this Indenture and the issue hereunder of the
Securities have in all respects been duly authorized;

 

Now THEREFORE, THIS INDENTURE WITNESSETH:

 

That in order to declare the terms and conditions upon
which the Securities are, and are to be authenticated, issued and delivered,
and in consideration of the premises, of the purchase and acceptance of the
Securities by the Holders thereof and of the sum of one dollar duly paid to it
by the Trustee at the execution of this Indenture, the receipt whereof is
hereby acknowledged, the Company covenants and agrees with the Trustee for the
equal and proportionate benefit of the respective Holders from time to time of
the Securities, as follows:

 

ARTICLE ONE

 

DEFINITIONS

 

SECTION
1.01.    GENERAL.  The
terms defined in this Article One (except as herein otherwise expressly
provided or unless the context otherwise requires) for all purposes of this
Indenture and of any indenture supplemental hereto shall have the respective
meanings specified in this Article One.

 

SECTION
1.02.    TRUST INDENTURE ACT.               (a)
  Whenever this Indenture refers to a
provision of the Trust Indenture Act of 1939, as amended (the “TIA”), such provision is incorporated by reference in and
made a part of this Indenture.

 

(b)  Unless
otherwise indicated, all terms used in this Indenture that are defined by the
TIA, defined by the TIA by reference to another statute or defined by a rule of
the Commission under the TIA shall have the meanings assigned to them in the
TIA or such statute or rule as in force on the date of execution of this Indenture.

 

SECTION
1.03.    DEFINITIONS. 
For purposes of this Indenture, the following terms shall have the
following meanings.

 

1

 

AUTHENTICATING AGENT:

 

The term “Authenticating Agent”
shall mean any agent of the Trustee which shall be appointed and acting
pursuant to Section 8.15 hereof.

 

AUTHORIZED AGENT:

 

The term “Authorized Agent”
shall mean any agent of the Company designated as such by an Officers’
Certificate containing the specimen signatures of such agent delivered to the
Trustee.

 

BOARD OF DIRECTORS:

 

The term “Board of Directors”
shall mean the Board of Directors of the Company or the Executive Committee of
such Board or any other duly authorized committee of such Board.

 

BOARD RESOLUTION:

 

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

 

BUSINESS DAY:

 

The term “Business Day”
shall mean each Monday, Tuesday, Wednesday, Thursday and Friday that is not a
day on which banking institutions or trust companies in the Borough of
Manhattan, the City and State of New York, or in the city where the corporate
trust office of the Trustee is located, are obligated or authorized by law or
executive order to close.

 

COMMISSION:

 

The term “Commission”
shall mean the United States Securities and Exchange Commission, or if at any
time hereafter the Commission is not existing or performing the duties now
assigned to it under the TIA, then the body performing such duties.

 

COMPANY:

 

The term “Company” shall
mean the corporation named as the “Company” in the first paragraph of this
Indenture, and its successors and assigns permitted hereunder.

 

COMPANY ORDER:

 

The term “Company Order”
shall mean a written order signed in the name of the Company by one of the
Chairman, the President, any Vice President, the Treasurer or an Assistant
Treasurer, and the Secretary or an Assistant Secretary of the Company, and
delivered to the Trustee.

 

2

 

CORPORATE TRUST OFFICES OF THE TRUSTEE:

 

The term “corporate trust office of
the Trustee”, or other similar term, shall mean the corporate trust
office of the Trustee, at which at any particular time its corporate trust
business shall be principally administered, which office is at the date of the
execution of this Indenture located at 2401 Grand Blvd., Kansas City, MO 64108,
Attn: Corporate Trust Department.

 

DEPOSITARY:

 

The term “Depositary”
shall mean, unless otherwise specified in a Company Order pursuant to Section
2.05 hereof, The Depository Trust Company, New York, New York, or any successor
thereto registered and qualified under the Securities Exchange Act of 1934, as
amended, or other applicable statute or regulation.

 

EVENT OF DEFAULT:

 

The term “Event of Default”
shall mean any event specified in Section 7.01 hereof, continued for the period
of time, if any, and after the giving of the notice, if any, therein
designated.

 

GLOBAL SECURITY:

 

The term “Global Security”
shall mean a Security that pursuant to Section 2.05 hereof is issued to
evidence Securities, that is delivered to the Depositary or pursuant to the instructions
of the Depositary and that shall be registered in the name of the Depositary or
its nominee.

 

INDENTURE:

 

The term “Indenture”
shall mean this instrument as originally executed or, if amended or
supplemented as herein provided, as so amended or supplemented.

 

INTEREST PAYMENT DATE:

 

The term “Interest Payment Date”
shall mean, unless otherwise specified in a Company Order pursuant to Section
2.05 hereof, (a) each April 1 and October 1 during the period any Security is
outstanding (provided that the first Interest Payment Date for any Security,
the Original Issue Date of which is after a Regular Record Date but prior to
the respective Interest Payment Date, shall be the Interest Payment Date
following the next succeeding Regular Record Date), (b) a date of maturity of
such Security and (c) only with respect to defaulted interest on such Security,
the date established by the Trustee for the payment of such defaulted interest
pursuant to Section 2.11 hereof.

 

MATURITY:

 

The term “maturity,” when
used with respect to any Security, shall mean the date on which the principal
of such Security becomes due and payable as therein or herein provided, whether
at the stated maturity thereof or by declaration of acceleration, redemption or
otherwise.

 

3

 

OFFICERS’ CERTIFICATE:

 

The term “Officers’ Certificate”
when used with respect to the Company, shall mean a certificate signed by one
of the Chairman, the President, any Vice President, the Treasurer or an
Assistant Treasurer, and by the Secretary or an Assistant Secretary of the
Company.

 

OPINION OF COUNSEL:

 

The term “Opinion of Counsel”
shall mean an opinion in writing signed by legal counsel, who may be an
employee of the Company, meeting the applicable requirements of Section 14.05
hereof.  If the Indenture requires the
delivery of an Opinion of Counsel to the Trustee, the text and substance of
which has been previously delivered to the Trustee, the Company may satisfy such
requirement by the delivery by the legal counsel that delivered such previous
Opinion of Counsel of a letter to the Trustee to the effect that the Trustee
may rely on such previous Opinion of Counsel as if such Opinion of Counsel was
dated and delivered the date delivery of such Opinion of Counsel is
required.  Any Opinion of Counsel may
contain conditions and qualifications satisfactory to the Trustee.

 

OPINION OF INDEPENDENT COUNSEL:

 

The term “Opinion of Independent
Counsel” shall mean an opinion in writing signed by legal counsel,
who shall not be an employee of the Company, meeting the applicable
requirements of Section 14.05.  Any
Opinion of Independent Counsel may contain conditions and qualifications
satisfactory to the Trustee.

 

ORIGINAL ISSUE DATE:

 

The term “Original Issue Date”
shall mean for a Security, or portions thereof, the date upon which it, or such
portion, was issued by the Company pursuant to this Indenture and authenticated
by the Trustee (other than in connection with a transfer, exchange or
substitution).

 

OUTSTANDING:

 

The term “outstanding”,
when used with reference to Securities, shall, subject to Section 9.04 hereof,
mean, as of any particular time, all Securities authenticated and delivered by
the Trustee under this Indenture, except

 

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

 

(b) Securities, or portions thereof, for the payment
or redemption of which moneys in the necessary amount shall have been deposited
in trust with the Trustee or with any paying agent (other than the Company),
provided that if such Securities are to be redeemed prior to the maturity
thereof, notice of such redemption shall have been given as provided in Article
Three, or provisions satisfactory to the Trustee shall have been made for
giving such notice;

 

(c) Securities, or portions thereof, that have been
paid and discharged or are deemed to have been paid and discharged pursuant to
the provisions of this Indenture; and

 

4

 

(d) Securities in lieu of or in substitution for which
other Securities shall have been authenticated and delivered, or which have
been paid, pursuant to Section 2.07 hereof.

 

PERSON:

 

The term “Person” shall
mean any individual, corporation, partnership, joint venture, limited liability
company, association, joint-stock company, trust, unincorporated organization
or government or any agent or political subdivision thereof.

 

PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY:

 

The term “principal executive
offices of the Company” shall mean 321 N. Harvey, Oklahoma City,
Oklahoma 73102, or such other place where the main corporate offices of the
Company are located as designated in writing to the Trustee by an Authorized
Agent.

 

REGULAR RECORD DATE:

 

The term “Regular Record Date”
shall mean, unless otherwise specified in a Company Order pursuant to Section
2.05, for an Interest Payment Date for a particular Security (a) the fifteenth
day of the calendar month next preceding each Interest Payment Date (unless the
Interest Payment Date is the date of maturity of such Security, in which event,
the Regular Record Date shall be as described in clause (b) hereof) and (b) the
date of maturity of such Security.

 

RESPONSIBLE OFFICER:

 

The term “responsible officer”
or “responsible officers” when used with
respect to the Trustee shall mean one or more of the following: the chairman of
the board of directors, the vice chairman of the board of directors, the
chairman of the executive committee, the president, any vice president, the
secretary, the treasurer, any trust officer, any assistant trust officer, any
second or assistant vice president, any assistant secretary, any assistant
treasurer, or any other officer or assistant officer of the Trustee customarily
performing functions similar to those performed by the persons who at the time
shall be such officers, respectively, or to whom any corporate trust matter is
referred because of his or her knowledge of and familiarity with the particular
subject.

 

SECURITY OR SECURITIES:

 

The terms “Security” or “Securities” shall mean any Security or Securities, as the
case may be, authenticated and delivered under this Indenture, including any
Global Security.

 

SECURITY HOLDER:

 

The terms “Security holder”,
“Holder of Securities” or “Holder” shall mean any Person in whose name at the time a
particular Security is registered on the books of the Trustee kept for that
purpose in accordance with the terms hereof.

 

5

 

SPECIAL RECORD DATE:

 

The term “Special Record Date”
shall mean, with respect to any Security, the date established by the Trustee
in connection with the payment of defaulted interest on such Security pursuant
to Section 2.11 hereof.

 

STATED MATURITY:

 

The term “stated maturity”
shall mean with respect to any Security, the last date on which principal on
such Security becomes due and payable as therein or herein provided, other than
by declaration of acceleration or by redemption.

 

TRUSTEE:

 

The term “Trustee” shall
mean UMB Bank, N.A., as trustee hereunder, and, subject to Article Eight, shall
also include any successor Trustee.

 

U.S. GOVERNMENT OBLIGATIONS:

 

The term “U.S. Government
Obligations” shall mean (i) direct non-callable obligations of, or
non-callable obligations guaranteed as to timely payment of principal and
interest by, the United States of America or an agency thereof for the payment
of which obligations or guarantee the full faith and credit of the United
States is pledged or (ii) certificates or receipts representing direct
ownership interests in obligations or specified portions (such as principal or
interest) of obligations described in clause (i) above, which obligations are
held by a custodian in safekeeping in a manner satisfactory to the Trustee.

 

ARTICLE TWO

 

FORM, ISSUE, EXECUTION, REGISTRATION AND

EXCHANGE OF SECURITIES

 

SECTION
2.01.    FORM GENERALLY.

 

(a)  If the
Securities are in the form of a Global Security, they shall be in substantially
the form set forth in Exhibit A to
this Indenture, and, if the Securities are not in the form of a Global
Security, they shall be in substantially the form set forth in Exhibit B to this Indenture, or, in any case, in such other
form as shall be established by a Board Resolution, or a Company Order pursuant
to a Board Resolution, or in one or more indentures supplemental hereto, in
each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such
letters, numbers or other marks of identification and such legends or
endorsements placed thereon as may be required to comply with applicable rules
of any securities exchange or of the Depositary or with applicable law or as
may, consistently herewith, be determined by the officers executing such
Securities, as evidenced by their execution of such Securities.

 

6

 

(b)  The
definitive Securities shall be typed, printed, lithographed or engraved on
steel engraved borders or may be produced in any other manner, all as determined
by the officers executing such Securities, as evidenced by their execution of
such Securities.

 

SECTION
2.02.    FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION.  The Trustee’s certificate of authentication
on all Securities shall be in substantially the following form:

 

Trustee’s Certificate of
Authentication

 

This Security is one of the Securities of the series
herein designated, described or provided for in the within-mentioned Indenture.

 

	
   

  	
  UMB
  BANK, N.A., as Trustee

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Authorized
  Signatory

  

 

SECTION
2.03.    AMOUNT UNLIMITED. 
The aggregate principal amount of Securities that may be authenticated
and delivered under this Indenture is unlimited, subject to compliance with the
provisions of this Indenture.

 

SECTION
2.04.    DENOMINATIONS, DATES, INTEREST PAYMENT AND RECORD DATES.

 

(a)  The
Securities shall be issuable in registered form without coupons in
denominations of $1,000 and integral multiples thereof or such other amount or
amounts as may be authorized by the Board of Directors or a Company Order
pursuant to a Board Resolution or in one or more indentures supplemental
hereto; provided that the principal amount of a Global Security shall not
exceed $400,000,000 unless otherwise permitted by the Depositary.

 

(b)  Each
Security shall be dated as of the date of its authentication by the Trustee,
and shall bear an Original Issue Date or, as provided in Section 2.13(e)
hereof, two or more Original Issue Dates; each Security issued upon transfer,
exchange or substitution of a Security shall bear the Original Issue Date or
Dates of such transferred, exchanged or substituted Security, subject to the
provisions of Section 2.13(e) hereof.

 

(c)  Each
Security shall bear interest from the later of (1) its Original Issue Date (or,
if pursuant to Section 2.13 hereof, a Global Security has two or more Original
Issue Dates, interest shall, beginning on each such Original Issue Date, begin
to accrue for that part of the principal amount of such Global Security to
which that Original Issue Date is applicable), or (2) the most recent date to
which interest has been paid or duly provided for with respect to such Security
until the principal of such Security is paid or made available for payment, and
interest on each Security shall be payable on each Interest Payment Date after
the Original Issue Date.

 

(d)  Each
Security shall mature on a stated maturity date specified in the Security.  The principal amount of each outstanding
Security shall be payable on the maturity date or dates specified therein.

 

7

 

(e)  Unless
otherwise specified in a Company Order pursuant to Section 2.05 hereof,
interest on each of the Securities shall be calculated on the basis of a
360-day year of twelve 30-day months and shall be computed at a fixed rate
until the maturity of such Securities. 
The method of computing interest on any Securities not bearing a fixed
rate of interest shall be set forth in a Company Order pursuant to Section 2.05
hereof.  Unless otherwise specified in a
Company Order pursuant to Section 2.05 hereof, principal, interest and premium
on the Securities shall be payable in the currency of the United States.  Unless otherwise specified in a Company Order
pursuant to Section 2.05, in any case where any Interest Payment Date or the
date on which the principal of any Security is required to be paid is not a
Business Day, then payment of principal, premium or interest need not be made
on such date but may be made on the next succeeding Business Day with the same
force and effect as if made on such Interest Payment Date or the date on which
the principal of such Security is required to be paid, and, in the case of
timely payment thereof, no interest shall accrue for the period from and after
such Interest Payment Date or the date on which the principal of such Security
is required to be paid.

 

(f)  Except as
provided in the following sentence, the Person in whose name any Security is
registered at the close of business on any Regular Record Date or Special
Record Date with respect to an Interest Payment Date for such Security shall be
entitled to receive the interest payable on such Interest Payment Date
notwithstanding the cancellation of such Security upon any registration of
transfer, exchange or substitution of such Security subsequent to such Regular
Record Date or Special Record Date and prior to such Interest Payment
Date.  Any interest payable at maturity
shall be paid to the Person to whom the principal of such Security is payable.

 

(g)  Promptly
after each Regular Record Date that is not a date of maturity, the Trustee
shall furnish to the Company a notice setting forth the total amount of the
interest payments to be made on the applicable Interest Payment Date, and to
the Depositary a notice setting forth the total amount of interest payments to
be made on Global Securities on such Interest Payment Date.  The Trustee (or any duly selected paying
agent) shall provide to the Company during each month that precedes an Interest
Payment Date a list of the principal, interest and premium to be paid on
Securities on such Interest Payment Date and to the Depositary a list of the
principal, interest and premium to be paid on Global Securities on such
Interest Payment Date.  Promptly after
the first Business Day of each June and December, the Trustee shall furnish to
the Company a written notice setting forth the aggregate principal amount of
the Global Securities.  The Trustee shall
assume responsibility for withholding taxes on interest paid as required by law
except with respect to any Global Security.

 

SECTION
2.05.    EXECUTION, AUTHENTICATION, DELIVERY AND DATING.

 

(a)  The
Securities shall be executed on behalf of the Company by one of its Chairman,
President, any Vice President, its Treasurer or an Assistant Treasurer of the
Company and attested by the Secretary or an Assistant Secretary of the
Company.  The signature of any of these
officers on the Securities may be manual or facsimile.

 

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

 

8

 

(c)  At any time
and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities executed by the Company to the Trustee for
authentication, together with or preceded by one or more Company Orders for the
authentication and delivery of such Securities, and the Trustee in accordance
with any such Company Order shall authenticate and deliver such
Securities.  The Securities shall be
issued in series. Such Company Order shall specify the following with respect
to each series of Securities: (i) any limitations on the aggregate principal
amount of the Securities to be issued as part of such series, (ii) the Original
Issue Date or Dates for such series, (iii) the stated maturity of such series,
(iv) the interest rate or rates, or method of calculation of such rate or
rates, for such series, (v) the terms, if any, regarding the optional or
mandatory redemption of such series, including redemption date or dates of such
series, if any, and the price or prices applicable to such redemption
(including any premium), (vi) whether or not the Securities of such series
shall be issued in whole or in part in the form of a Global Security and, if
so, the Depositary for such Global Security, (vii) the designation of such
series, (viii) if the form of the Securities of such series is not as described
in Exhibit A or Exhibit B, hereto, the form
of the Securities of such series, (ix) the maximum annual interest rate, if
any, of the Securities permitted for such series, (x) any other information
necessary to complete the Securities of such series, (xi) the establishment of
any office or agency pursuant to Section 5.02 hereto and (xii) any other terms
of such series not inconsistent with this Indenture.  Prior to authenticating Securities of any
series, and in accepting the additional responsibilities under this Indenture
in relation to such Securities, the Trustee shall receive from the Company the
following at or before the issuance of the initial Security of such series of
Securities, and (subject to Section 8.01 hereof) shall be fully protected in
relying upon:

 

(1)  A Board
Resolution authorizing such Company Order or Orders and, if the form of
Securities is established by a Board Resolution or a Company Order pursuant to
a Board Resolution, a copy of such Board Resolution;

 

(2)  an Opinion
of Counsel stating substantially the following subject to customary
qualifications and exceptions:

 

(A)  if the form
of Securities has been established by or pursuant to a Board Resolution, a
Company Order pursuant to a Board Resolution, or in a supplemental indenture as
permitted by Section 2.01 hereof, that such form has been established in
conformity with this Indenture;

 

(B)  that the
Indenture has been duly authorized, executed and delivered by the Company and
constitutes a valid and binding obligation of the Company, enforceable against
the Company in accordance with its terms, except to the extent that enforcement
thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws of general application relating to or affecting the
enforcement of creditors’ rights and the application of general principles of
equity (regardless of whether enforcement is sought in a proceeding at law or
in equity) and except as enforcement of provisions of the Indenture may be
limited by state laws affecting the remedies for the enforcement of the
security provided for in the Indenture;

 

(C)  that the
Indenture is qualified to the extent necessary under the TIA;

 

(D)  that such
Securities have been duly authorized and executed by the Company, and when
authenticated by the Trustee and issued by the Company in the manner and
subject to any

 

9

 

conditions specified in such Opinion of Counsel, will
constitute valid and binding obligations of the Company, enforceable in
accordance with their terms, except to the extent that enforcement thereof may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws of general application relating to or affecting the enforcement of
creditors’ rights and the application of general principles of equity
(regardless of whether enforcement is sought in a proceeding at law or in
equity) and except as enforcement of provisions of this Indenture may be
limited by state laws affecting the remedies for the enforcement of the
security provided for in this Indenture;

 

(E)  that the
issuance of the Securities will not result in any default under this Indenture,
or any other contract, indenture, loan agreement or other instrument to which
the Company is a party or by which it or any of its property is bound;

 

(F)  that all
consents or approvals of any other federal or state regulatory agency required
in connection with the Company’s execution and delivery of this Indenture and
such series of Securities have been obtained and not withdrawn (except that no
statement need be made with respect to state securities laws); and

 

(3)  an Officer’s
Certificate stating that (i) the Company is not, and upon the authentication by
the Trustee of the series of Securities, will not be in default under any of
the terms or covenants contained in the Indenture and (ii) all conditions that
must be met by the Company to issue Securities under this Indenture have been
met.

 

(d)  The Trustee
shall have the right to decline to authenticate and deliver any Security:

 

(1)  if the
issuance of such Securities pursuant to this Indenture will affect the Trustee’s
own rights, duties or immunities under the Securities and this Indenture or
otherwise in a manner that is not reasonably acceptable to the Trustee;

 

(2)  if the
Trustee, being advised by counsel, determines that such action may not lawfully
be taken; or

 

(3)  if the
Trustee in good faith by its Board of Directors, executive officers or a trust
committee of directors and/or responsible officers determines that such action
would expose the Trustee to personal liability to Holders of any outstanding
Securities.

 

(e)  No Security
shall be entitled to any benefit under this Indenture or be valid or obligatory
for any purpose unless there appears on such Security a certificate of
authentication substantially in the form provided for herein executed by the
Trustee by the manual signature of an authorized signatory, and such
certificate upon any Security shall be conclusive evidence, and the only
evidence, that such Security has been duly authenticated and delivered
hereunder and is entitled to the benefits of this Indenture.

 

(f)  If all
Securities of a series are not to be authenticated and issued at one time, the
Company shall not be required to deliver the Company Order, Board Resolutions,
Officers’ Certificate and Opinion of Counsel (including any such that would be
otherwise required pursuant to Section 14.05 hereof) described in Section
2.05(c) hereof at or prior to the authentication of each Security of such
series, if such items are delivered at or prior to the time

 

10

 

of authentication of the first Security of such series
to be authenticated and issued.  If all
of the Securities of a series are not authenticated and issued at one time, for
each issuance of Securities after the initial issuance of Securities, the
Company shall be required only to deliver to the Trustee the Security and a
written request (executed by one of the Chairman, the President, any Vice
President, the Treasurer, or an Assistant Treasurer, and the Secretary or an
Assistant Secretary of the Company) to the Trustee to authenticate such
Security and to deliver such Security in accordance with the instructions
specified by such request.  Any such
request shall constitute a representation and warranty by the Company that the
statements made in the Officers’ Certificate delivered to the Trustee prior to
the authentication and issuance of the first Security of such series are true
and correct on the date thereof as if made on and as of the date thereof.

 

SECTION
2.06.    EXCHANGE AND REGISTRATION OF TRANSFER OF SECURITIES.

 

(a)  Subject to
Section 2.13 hereof, Securities may be exchanged for one or more new Securities
of any authorized denominations and of a like aggregate principal amount,
series and stated maturity and having the same terms and Original Issue Date or
Dates.  Securities to be exchanged shall
be surrendered at any of the offices or agencies to be maintained pursuant to
Section 5.02 hereof, and the Trustee shall deliver in exchange therefor the
Security or Securities which the Security holder making the exchange shall be
entitled to receive.

 

(b)  The Trustee
shall keep, at one of said offices or agencies, a register or registers in
which, subject to such reasonable regulations as it may prescribe, the Trustee
shall register or cause to be registered Securities and shall register or cause
to be registered the transfer of Securities as in this Article Two
provided.  Such register shall be in
written form or in any other form capable of being converted into written form
within a reasonable time.  At all
reasonable times, during normal business hours and upon reasonable notice, such
register shall be open for inspection by the Company.  Upon due presentment for registration of
transfer of any Security at any such office or agency, the Company shall
execute and the Trustee shall register, authenticate and deliver in the name of
the transferee or transferees one or more new Securities of any authorized
denominations and of a like aggregate principal amount, series and stated
maturity and having the same terms and Original Issue Date or Dates.

 

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

 

(d)  No service
charge shall be made for any exchange or registration of transfer of
Securities, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.

 

(e)  The Trustee
shall not be required to exchange or register a transfer of any Securities
selected, called or being called for redemption (including Securities, if any,
redeemable at the option of the Holder provided such Securities are then
redeemable at such Holder’s option) except, in the case of any Security to be
redeemed in part, the portion thereof not to be so redeemed.

 

11

 

(f)  If the
principal amount, and applicable premium, of part, but not all of a Global
Security is paid, then upon surrender to the Trustee of such Global Security,
the Company shall execute, and the Trustee shall authenticate, deliver and
register, a Global Security in an authorized denomination in aggregate
principal amount equal to, and having the same terms, Original Issue Date or
Dates and series as, the unpaid portion of such Global Security.

 

SECTION
2.07.    MUTILATED, DESTROYED, LOST OR STOLEN SECURITIES.

 

(a)  If any
temporary or definitive Security shall become mutilated or be destroyed, lost
or stolen, the Company shall execute, and the Trustee shall authenticate and
deliver, a new Security of like form and principal amount and having the same
terms and Original Issue Date or Dates and bearing a number not
contemporaneously outstanding, in exchange and substitution for the mutilated
Security, or in lieu of and in substitution for the Security so destroyed, lost
or stolen.  In every case the applicant
for a substituted Security shall furnish to the Company and the Trustee such
security or indemnity as may be required by them to save them harmless, and, in
every case of destruction, loss or theft of a Security, the applicant shall
also furnish to the Trustee evidence to its satisfaction of the destruction,
loss or theft of such Security and of the ownership thereof.

 

(b)  The Trustee
shall authenticate any such substituted Security and deliver the same upon the
written request or authorization of the Holder or any officer of the
Company.  Upon the issuance of any
substituted Security, the Company and the Trustee may require the payment of a
sum sufficient to cover any tax or other governmental charge that may be
imposed in relation thereto and any other expenses connected therewith.  If any Security which has matured, is about
to mature, has been redeemed or called for redemption shall become mutilated or
be destroyed, lost or stolen, the Trustee may, instead of issuing a substituted
Security, pay or authorize the payment of the same (without surrender thereof
except in the case of a mutilated Security) if the applicant for such payment
shall furnish to the Company and the Trustee such security or indemnity as may
be required by them to save them harmless and, in case of destruction, loss or
theft, evidence satisfactory to the Company and the Trustee of the destruction,
loss or theft of such Security and of the ownership thereof.

 

(c)  Every
substituted Security issued pursuant to this Section 2.07 by virtue of the fact
that any Security is mutilated, destroyed, lost or stolen shall constitute an
additional contractual obligation of the Company, whether or not such
destroyed, lost or stolen Security shall be found at any time, and shall be
entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities duly issued hereunder.  All Securities shall be held and owned upon
the express condition that, to the extent permitted by law, the foregoing
provisions are exclusive with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities and shall preclude any and all
other rights or remedies notwithstanding any law or statute existing or hereafter
enacted to the contrary with respect to the replacement or payment of
negotiable instruments or other securities without their surrender.

 

SECTION
2.08.    TEMPORARY SECURITIES. 
Pending the preparation of definitive Securities, the Company may
execute and the Trustee shall authenticate and deliver temporary Securities
(printed, lithographed or otherwise reproduced).  Temporary Securities shall be issuable in any
authorized denomination and substantially in the form of the definitive
Securities

 

12

 

but with such omissions, insertions and variations as
may be appropriate for temporary Securities, all as may be determined by the
Company.  Every such temporary Security
shall be authenticated by the Trustee upon the same conditions and in
substantially the same manner, and with the same effect, as the definitive
Securities.  Without unreasonable delay
the Company shall execute and shall deliver to the Trustee definitive Securities
and thereupon any or all temporary Securities shall be surrendered in exchange
therefor at the corporate trust office of the Trustee, and the Trustee shall
authenticate, deliver and register in exchange for such temporary Securities an
equal aggregate principal amount of definitive Securities.  Such exchange shall be made by the Company at
its own expense and without any charge therefor to the Security holders.  Until so exchanged, the temporary Securities
shall in all respects be entitled to the same benefits under this Indenture as
definitive Securities authenticated and delivered hereunder.

 

SECTION
2.09.    CANCELLATION OF SECURITIES PAID, ETC.  All Securities surrendered for the purpose of
payment, redemption, exchange or registration of transfer shall be surrendered
to the Trustee for cancellation and promptly cancelled by it and no Securities
shall be issued in lieu thereof except as expressly permitted by this
Indenture.  The Company’s acquisition of
any Securities shall operate as a redemption or satisfaction of the
indebtedness represented by such Securities and such Securities shall be
surrendered by the Company to and cancelled by the Trustee.

 

SECTION
2.10.    INTEREST RIGHTS PRESERVED.  Each Security delivered under this Indenture
upon transfer of or in exchange for or in lieu of any other Security shall
carry all the rights to interest accrued and unpaid, and to accrue, which were
carried by such other Security, and each such Security shall be so dated that
neither gain nor loss of interest shall result from such transfer, exchange or substitution.

 

SECTION
2.11.    SPECIAL RECORD DATE. 
If and to the extent that the Company fails to make timely payment or
provision for timely payment of interest on any series of Securities (other
than on an Interest Payment Date that is a maturity date), that interest shall
cease to be payable to the Persons who were the Security holders of such series
at the applicable Regular Record Date. 
In that event, when moneys become available for payment of the interest,
the Trustee shall (a) establish a date of payment of such interest and a
Special Record Date for the payment of that interest, which Special Record Date
shall be not more than 15 or fewer than 10 days prior to the date of the
proposed payment and (b) mail notice of the date of payment and of the Special
Record Date not fewer than 10 days preceding the Special Record Date to each
Security holder of such series at the close of business on the 15th day
preceding the mailing at the address of such Security holder, as it appeared on
the register for the Securities.  On the
day so established by the Trustee the interest shall be payable to the Holders
of the applicable Securities at the close of business on the Special Record
Date.

 

SECTION
2.12.    PAYMENT OF SECURITIES. 
Payment of the principal, interest and premium on all Securities shall
be payable as follows:

 

(a)  On or
before 9:30 a.m., New York City time, of the day on which payment of principal,
interest and premium is due on any Global Security pursuant to the terms
thereof, the Company shall deliver to the Trustee funds available on such date
sufficient to make such payment, by wire transfer of immediately available
funds or by instructing the Trustee to

 

13

 

withdraw sufficient funds from an account maintained
by the Company with the Trustee or such other method as is acceptable to the
Trustee and the Depositary.  On or before
10:00 a.m., New York City time, or such other time as shall be agreed upon
between the Trustee and the Depositary, of the day on which any payment of
interest is due on any Global Security (other than at maturity), the Trustee
shall pay to the Depositary such interest in same day funds.  On or before 10:00 a.m., New York City time
or such other time as shall be agreed upon between the Trustee and the
Depositary, of the day on which principal, interest payable at maturity and
premium, if any, is due on any Global Security, the Trustee shall deposit with
the Depositary the amount equal to the principal, interest payable at maturity
and premium, if any, by wire transfer into the account specified by the
Depositary.  As a condition to the
payment, at maturity or upon redemption, of any part of the principal or
interest on and applicable premium of any Global Security, the Depositary shall
surrender, or cause to be surrendered, such Global Security to the Trustee,
whereupon a new Global Security shall be issued to the Depositary pursuant to
Section 2.06(f) hereof.

 

(b)  With
respect to any Security that is not a Global Security, principal, applicable
premium and interest due at the maturity of the Security shall be payable in
immediately available funds when due upon presentation and surrender of such
Security at the corporate trust office of the Trustee or at the authorized
office of any paying agent.  Interest on
any Security that is not a Global Security (other than interest payable at
maturity) shall be paid to the Holder thereof as its name appears on the
register by check or draft payable in clearinghouse funds; provided that if the
Trustee receives a written request from any Holder of Securities, the aggregate
principal amount of which having the same Interest Payment Date equals or
exceeds $10,000,000, on or before the applicable Regular Record Date for such
Interest Payment Date, interest shall be paid by electronic transfer in
immediately available funds to a bank within the continental United States
designated by such Holder in its request, which request must be signed by such
Holder and shall contain the name of the bank to which the funds are to be
transferred, the bank’s address, the bank’s ABA routing number and the account
number to which credit is to be made.

 

SECTION
2.13.    SECURITIES ISSUABLE IN THE FORM OF A GLOBAL SECURITY.

 

(a)  If the
Company shall establish pursuant to Section 2.05 hereof that the Securities of
a particular series are to be issued in whole or in part in the form of one or
more Global Securities, then the Company shall execute and the Trustee shall,
in accordance with Section 2.05 hereof and the Company Order delivered to the
Trustee thereunder, authenticate and deliver such Global Security or
Securities, which (i) shall represent, shall be denominated in an amount equal
to the aggregate principal amount of, and shall have the same terms as, the
outstanding Securities of such series to be represented by such Global Security
or Securities, (ii) shall be registered in the name of the Depositary or its
nominee, (iii) shall be delivered by the Trustee to the Depositary or pursuant
to the Depositary’s instruction and (iv) shall bear a legend substantially to
the following effect: “This Security is a Global Security registered in the
name of the Depositary (referred to herein) or a nominee thereof and, unless
and until it is exchanged in whole or in part for the individual Securities
represented hereby, this Global Security may not be transferred except as a
whole by the Depositary to a nominee of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such
successor Depositary.  Unless this Global
Security is

 

14

 

presented by an authorized representative of The
Depository Trust Company, a New York corporation (“DTC”), to the trustee for
registration of transfer, exchange or payment, and any certificate issued is
registered in the name of Cede & Co. or such other name as requested by an
authorized representative of DTC (and any payment is made to Cede & Co., or
to such other entity as is requested by an authorized representative of DTC) ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein” or such other legend as may be required by the rules and regulations of
the Depositary.

 

(b)  Notwithstanding
any other provision of Section 2.06 hereof or of this Section 2.13, unless the
terms of a Global Security expressly permit such Global Security to be
exchanged in whole or in part for individual Securities, a Global Security may
be transferred, in whole but not in part, only as described in the legend
thereto.

 

(c)  (i)   If at any time the Depositary for a Global
Security notifies the Company that it is unwilling or unable to continue as
Depositary for such Global Security or if at any time the Depositary for the
Global Security shall no longer be eligible or in good standing under the
Securities Exchange Act of 1934, as amended, or other applicable statute or
regulation, the Company shall appoint a successor Depositary with respect to
such Global Security.  If a successor
Depositary for such Global Security is not appointed by the Company within 90
days after the Company receives such notice or becomes aware of such
ineligibility, the Company’s election pursuant to Section 2.05(c)(vi) hereof
shall no longer be effective with respect to the series of Securities evidenced
by such Global Security and the Company shall execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of individual
Securities of such series in exchange for such Global Security, shall
authenticate and deliver, individual Securities of such series of like tenor
and terms in definitive form in an aggregate principal amount equal to the
principal amount of the Global Security in exchange for such Global
Security.  The Trustee shall not be
charged with knowledge or notice of the ineligibility of a Depositary unless a
responsible officer assigned to and working in its corporate trustee
administration department shall have received written notice from the Company
or the Holders of not less than 25% of the outstanding principal amount of the
Securities.

 

(ii)  The
Company may at any time and in its sole discretion determine that all
outstanding Securities of a series issued or issuable in the form of one or
more Global Securities need not be represented by such Global Security or
Securities.  In such event the Company
shall execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of individual Securities in exchange for such
Global Security, shall authenticate and deliver individual Securities of like
tenor and terms in definitive form in an aggregate principal amount equal to
the principal amount of such Global Security or Securities in exchange for such
Global Security or Securities.

 

(iii)  In any
exchange provided for in any of the preceding two paragraphs, the Company will
execute and the Trustee will authenticate and deliver individual Securities in
definitive registered form in authorized denominations.  Upon the exchange of a Global Security for
individual Securities, such Global Security shall be cancelled by the Trustee.
Securities issued in exchange for a Global Security pursuant to this Section
shall be registered in such names and in such authorized denominations as the
Depositary for such Global Security, pursuant to

 

15

 

instructions from its direct or indirect participants
or otherwise, shall instruct the Trustee. 
The Trustee shall deliver such Securities to the Depositary for delivery
to the persons in whose names such Securities are so registered, or if the
Depositary shall refuse or be unable to deliver such Securities, the Trustee
shall deliver such Securities to the persons in whose names such Securities are
registered, unless otherwise agreed upon between the Trustee and the Company,
in which event the Company shall cause the Securities to be delivered to the
persons in whose names such Securities are registered.  The Trustee and the Company may conclusively
rely on the information provided by the Depository and its participants as to
the names, the addresses and the principal amount held by the beneficial owners
of the Securities.

 

(d)  Neither the
Company, the Trustee, any Authenticating Agent nor any paying agent shall have
any responsibility or liability for any aspect of the records relating to, or
payments made on account of, beneficial ownership interests of a Global
Security or for maintaining, supervising or reviewing any records relating to
such beneficial ownership interest.

 

(e)  Pursuant to
the provisions of this subsection, at the option of the Trustee and upon 30
days’ written notice to the Depositary but not prior to the first Interest
Payment Date of the respective Global Securities, the Depositary shall be
required to surrender any two or more Global Securities which have identical
terms, including, without limitation, identical maturities, interest rates and
redemption provisions (but which may have differing Original Issue Dates) to
the Trustee, and the Company shall execute and the Trustee shall authenticate
and deliver to, or at the direction of, the Depositary a Global Security in
principal amount equal to the aggregate principal amount of, and with all terms
identical to, the Global Securities surrendered thereto and that shall indicate
each applicable Original Issue Date and the principal amount applicable to each
such Original Issue Date.  The exchange
contemplated in this subsection shall be consummated at least 30 days prior to
any Interest Payment Date applicable to any of the Global Securities
surrendered to the Trustee.  Upon any
exchange of any Global Security with two or more Original Issue Dates, whether
pursuant to this Section or pursuant to Section 2.06 or Section 3.03 hereof,
the aggregate principal amount of the Securities with a particular Original
Issue Date shall be the same before and after such exchange, after giving
effect to any retirement of Securities and the Original Issue Dates applicable
to such Securities occurring in connection with such exchange.

 

ARTICLE THREE

 

REDEMPTION OF SECURITIES

 

SECTION
3.01.    APPLICABILITY OF ARTICLE.  Such of the Securities as are, by their
terms, redeemable prior to their stated maturity date at the option of the
Company, may be redeemed by the Company at such times, in such amounts and at
such prices as may be specified therein and in accordance with the provisions
of this Article Three.

 

SECTION
3.02.    NOTICE OF REDEMPTION; SELECTION OF SECURITIES.

 

(a)  The
election of the Company to redeem any Securities shall be evidenced by a Board
Resolution which shall be given with notice of redemption to the Trustee at
least 45 days (or

 

16

 

such shorter period acceptable to the Trustee in its
sole discretion) prior to the redemption date specified in such notice.

 

(b)  Notice of
redemption to each Holder of Securities to be redeemed as a whole or in part
shall be given by the Trustee, in the manner provided in Section 14.10 hereof,
no less than 30 or more than 60 days prior to the date fixed for
redemption.  Any notice which is given in
the manner herein provided shall be conclusively presumed to have been duly
given, whether or not the Security holder receives the notice.  In any case, failure duly to give such
notice, or any defect in such notice, to the Holder of any Security designated
for redemption as a whole or in part shall not affect the validity of the
proceedings for the redemption of any other Security.

 

(c)  Each such
notice shall specify the date fixed for redemption, the places of redemption
and the redemption price at which such Securities are to be redeemed, and shall
state that payment of the redemption price of such Securities or portion
thereof to be redeemed will be made upon surrender of such Securities at such
places of redemption, that interest accrued to the date fixed for redemption
will be paid as specified in such notice, and that from and after such date
interest thereon shall cease to accrue. 
If less than all of a series of Securities having the same terms are to
be redeemed, the notice shall specify the Securities or portions thereof to be
redeemed.  If any Security is to be
redeemed in part only, the notice which relates to such Security shall state
the portion of the principal amount thereof to be redeemed, and shall state
that, upon surrender of such Security, a new Security or Securities having the
same terms in aggregate principal amount equal to the unredeemed portion
thereof will be issued.

 

(d)  Unless
otherwise provided by a supplemental indenture or Company Order under Section
2.05 hereof, if less than all of a series of Securities is to be redeemed, the
Trustee shall select in such manner as it shall deem appropriate and fair in
its discretion the particular Securities to be redeemed in whole or in part and
shall thereafter promptly notify the Company in writing of the Securities so to
be redeemed.  If less than all of a
series of Securities represented by a Global Security is to be redeemed, the
particular Securities or portions thereof of such series to be redeemed shall
be selected by the Depositary for such series of Securities in such manner as
the Depositary shall determine. 
Securities shall be redeemed only in denominations of $1,000, provided
that any remaining principal amount of a Security redeemed in part shall be a
denomination authorized under this Indenture.

 

(e)  If at the
time of the mailing of any notice of redemption the Company shall not have
irrevocably directed the Trustee to apply funds deposited with the Trustee or
held by it and available to be used for the redemption of Securities to redeem
all the Securities called for redemption, such notice, at the election of the
Company, may state that it is subject to the receipt of the redemption moneys
by the Trustee before the date fixed for redemption and that such notice shall
be of no effect unless such moneys are so received before such date.

 

SECTION
3.03.    PAYMENT OF SECURITIES ON REDEMPTION; DEPOSIT OF REDEMPTION PRICE.

 

(a)  If notice
of redemption for any Securities shall have been given as provided in Section
3.02 hereof and such notice shall not contain the language permitted at the
Company’s option under Section 3.02(e) hereof, such Securities or portions of
Securities called for

 

17

 

redemption shall become due and payable on the date
and at the places stated in such notice at the applicable redemption price,
together with interest accrued to the date fixed for redemption of such
Securities.  Interest on the Securities
or portions thereof so called for redemption shall cease to accrue and such
Securities or portions thereof shall be deemed not to be entitled to any
benefit under this Indenture except to receive payment of the redemption price
together with interest accrued thereon to the date fixed for redemption.  Upon presentation and surrender of such
Securities at such a place of payment in such notice specified, such Securities
or the specified portions thereof shall be paid and redeemed at the applicable
redemption price, together with interest accrued thereon to the date fixed for
redemption.

 

(b)  If notice
of redemption shall have been given as provided in Section 3.02 hereof and such
notice shall contain the language permitted at the Company’s option under
Section 3.02(e) hereof, such Securities or portions of Securities called for
redemption shall become due and payable on the date and at the places stated in
such notice at the applicable redemption price, together with interest accrued
to the date fixed for redemption of such Securities, and interest on the
Securities or portions thereof so called for redemption shall cease to accrue
and such Securities or portions thereof shall be deemed not to be entitled to
any benefit under this Indenture except to receive payment of the redemption
price together with interest accrued thereon to the date fixed for redemption;
provided that, in each case, the Company shall have deposited with the Trustee
or a paying agent on or prior to such redemption date an amount sufficient to
pay the redemption price together with interest accrued to the date fixed for
redemption.  Upon the Company making such
deposit and, upon presentation and surrender of such Securities at such a place
of payment in such notice specified, such Securities or the specified portions
thereof shall be paid and redeemed at the applicable redemption price, together
with interest accrued thereon to the date fixed for redemption.  If the Company shall not make such deposit on
or prior to the redemption date, the notice of redemption shall be of no force
and effect and the principal on such Securities or specified portions thereof
shall continue to bear interest as if the notice of redemption had not been
given.

 

(c)  No notice
of redemption of Securities shall be mailed during the continuance of any Event
of Default, except (1) that, when notice of redemption of any Securities has
been mailed, the Company shall redeem such Securities but only if funds
sufficient for that purpose have prior to the occurrence of such Event of
Default been deposited with the Trustee or a paying agent for such purpose, and
(2) that notices of redemption of all outstanding Securities may be given
during the continuance of an Event of Default.

 

(d)  Upon
surrender of any Security redeemed in part only, the Company shall execute, and
the Trustee shall authenticate, deliver and register, a new Security or
Securities of authorized denominations in aggregate principal amount equal to,
and having the same terms, Original Issue Date or Dates and series as, the
unredeemed portion of the Security so surrendered.

 

18

 

ARTICLE FOUR

 

SATISFACTION
AND DISCHARGE; UNCLAIMED MONEYS

 

SECTION
4.01.    SATISFACTION AND DISCHARGE.

 

(a)  If at any
time:

 

(1)  the Company
shall have paid or caused to be paid the principal of and premium, if any, and
interest on all the outstanding Securities, as and when the same shall have
become due and payable,

 

(2)  the Company
shall have delivered to the Trustee for cancellation all outstanding
Securities, or

 

(3)  the Company
shall have irrevocably deposited or caused to be irrevocably deposited with the
Trustee as trust funds the entire amount in (A) cash, (B) U.S. Government
Obligations maturing as to principal and interest in such amounts and at such
times as will insure the availability of cash, or (C) a combination of cash and
U.S. Government Obligations, in any case sufficient, without reinvestment, as
certified by an independent public accounting firm of national reputation in a
written certification delivered to the Trustee, to pay at maturity or the
applicable redemption date (provided that notice of redemption shall have been
duly given or irrevocable provision satisfactory to the Trustee shall have been
duly made for the giving of any notice of redemption) all outstanding
Securities, including principal and any premium and interest due or to become
due to such date of maturity, as the case may be and, unless all outstanding
Securities are to be due within 90 days of such deposit by redemption or
otherwise, shall also deliver to the Trustee an Opinion of Independent Counsel
to the effect that the Company has received from, or there has been published
by, the Internal Revenue Service a ruling or similar pronouncement by the
Internal Revenue Service, or that there has been a change of law, in either
case to the effect that the Holders of the Securities will not recognize
income, gain or loss for federal income tax purposes as a result of such
defeasance or discharge of the Indenture,

 

and if, in any such case, the Company shall also pay
or cause to be paid all other sums payable hereunder by the Company, then this
Indenture shall cease to be of further effect (except as to (i) rights of
registration of transfer and exchange of Securities, (ii) substitution of
mutilated, defaced, destroyed, lost or stolen Securities, (iii) rights of Security
holders to receive payments of principal thereof, and any premium and interest
thereon, upon the original stated due dates therefor or upon the applicable
redemption date (but not upon acceleration of maturity) from the moneys and
U.S. Government Obligations held by the Trustee pursuant to Section 4.02
hereof, (iv) the rights and immunities of the Trustee hereunder, (v) the rights
of the Holders of Securities as beneficiaries hereof with respect to the
property so deposited with the Trustee payable to all or any of them, (vi) the
obligations and rights of the Trustee and the Company under Section 4.04
hereof, and (vii) the duties of the Trustee with respect to any of the
foregoing), and the Company shall be deemed to have paid and discharged the
entire indebtedness represented by, and its obligations under, the Securities,
and the Trustee, on demand of the Company and at the cost and

 

19

 

expense of the Company, shall execute proper
instruments acknowledging such satisfaction of and discharging this Indenture
and the Trustee shall at the request of the Company return to the Company all
property and money held by it under this Indenture and determined by it from
time to time in accordance with the certification pursuant to this Section
4.01(a)(3) to be in excess of the amount required to be held under this
Section.

 

If the Securities are deemed to be paid and discharged
pursuant to Section 4.01(a)(3) hereof, within 15 days after those Securities
are so deemed to be paid and discharged, the Trustee shall cause a written
notice to be given to each Holder in the manner provided by Section 14.10
hereof.  The notice shall:

 

(i)  state that
the Securities are deemed to be paid and discharged;

 

(ii)  set forth
a description of any U.S. Government Obligations and cash held by the Trustee
as described above;

 

(iii)  if any
Securities will be called for redemption, specify the date or dates on which
those Securities are to be called for redemption.

 

Notwithstanding the satisfaction and discharge of this
Indenture, the obligations of the Company to the Trustee under Section 8.06
hereof, shall survive.

 

(b)  If the
Company shall have paid or caused to be paid the principal of and premium, if
any, and interest on any Security, as and when the same shall have become due
and payable or the Company shall have delivered to the Trustee for cancellation
any outstanding Security, such Security shall cease to be entitled to any lien,
benefit or security under this Indenture.

 

SECTION 4.02.    DEPOSITED MONEYS TO BE HELD IN
TRUST BY TRUSTEE.  All moneys
and U.S. Government Obligations deposited with the Trustee pursuant to Section
4.01 hereof shall be held in trust and applied by it to the payment, either
directly or through any paying agent (including the Company if acting as its
own paying agent), to the Holders of the particular Securities for the payment
or redemption of which such moneys and U.S. Government Obligations have been
deposited with the Trustee of all sums due and to become due thereon for
principal and premium, if any, and interest.

 

SECTION
4.03.    PAYING AGENT TO REPAY MONEYS HELD.  Upon the satisfaction and discharge of this
Indenture all moneys then held by any paying agent for the Securities (other
than the Trustee) shall, upon written demand by an Authorized Agent, be repaid
to the Company or paid to the Trustee, and thereupon such paying agent shall be
released from all further liability with respect to such moneys.

 

SECTION
4.04.    RETURN OF UNCLAIMED MONEYS.  Any moneys deposited with or paid to the
Trustee for payment of the principal of or any premium or interest on any
Securities and not applied but remaining unclaimed by the Holders of such
Securities for two years after the date upon which the principal of or any premium
or interest on such Securities, as the case may be, shall have become due and
payable, shall be repaid to the Company by the Trustee on written demand by an
Authorized Agent, and all liability of the Trustee shall thereupon cease; and any

 

20

 

Holder of any of such Securities shall thereafter look only to the
Company for any payment which such Holder may be entitled to collect.

 

ARTICLE FIVE

 

PARTICULAR
COVENANTS OF THE COMPANY

 

SECTION
5.01.    PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST.  The Company covenants and agrees for the
benefit of the Holders of the Securities that it will duly and punctually pay
or cause to be paid the principal of and any premium and interest on each of
the Securities at the places, at the respective times and in the manner
provided in such Securities or in this Indenture.

 

SECTION
5.02.    OFFICE FOR NOTICES AND PAYMENTS, ETC.  So long as any of the Securities remain
outstanding, the Company at its option may cause to be maintained in the
Borough of Manhattan, the City and State of New York, or elsewhere, an office
or agency where the Securities may be presented for registration of transfer
and for exchange as in this Indenture provided, and where, at any time when the
Company is obligated to make a payment of principal and premium upon
Securities, the Securities may be surrendered for payment, and may maintain at
any such office or agency and at its principal office an office or agency where
notices and demands to or upon the Company in respect of the Securities or of
this Indenture may be served.  The
designation of any such office or agency shall be made by Company Order
pursuant to Section 2.05 hereof or at any subsequent time pursuant to this
Section 5.02 hereof.  The Company will
give to the Trustee written notice of the location of each such office or
agency and of any change of location thereof. 
If the Company shall fail to give such notice of the location or of any
change in the location of any such office or agency, presentations may be made
and notices and demands may be served at the corporate trust office of the
Trustee.

 

SECTION
5.03.    APPOINTMENTS TO FILL VACANCIES IN TRUSTEE’S OFFICE.  The Company, whenever necessary to avoid or
fill a vacancy in the office of Trustee, will appoint, in the manner provided
in Section 8.11 hereof, a Trustee, so that there shall at all times be a
Trustee hereunder.

 

SECTION
5.04.    PROVISION AS TO PAYING AGENT.  The Trustee shall be the paying agent for the
Securities and, at the option of the Company, the Company may appoint additional
paying agents (including without limitation itself).  Whenever the Company shall appoint an
additional paying agent, it shall cause such paying agent to execute and
deliver to the Trustee an instrument in which such agent shall agree with the
Trustee, subject to this Section 5.04:

 

(1)  that it
will hold in trust for the benefit of the Holders and the Trustee all sums held
by it as such agent for the payment of the principal of and any premium or
interest on the Securities (whether such sums have been paid to it by the
Company or by any other obligor on such Securities) in trust for the benefit of
the Holders of such Securities;

 

(2)  that it
will give to the Trustee notice of any failure by the Company (or by any other
obligor on such Securities) to make any payment of the principal of and any
premium or interest on such Securities when the same shall be due and payable;
and

 

21

 

(3)  that it
will at any time during the continuance of any such failure, upon the written
request of the Trustee, forthwith pay to the Trustee all sums so held in trust
by such paying agent.

 

If the Company shall act as its own paying agent with
respect to any Securities, it will, on or before each due date of the principal
of and any premium or interest on such Securities, set aside, segregate and
hold in trust for the benefit of the Holders of such Securities a sum
sufficient to pay such principal and any premium or interest so becoming due
and will notify the Trustee of any failure by it to take such action and of any
failure by the Company (or by any other obligor on such Securities) to make any
payment of the principal of and any premium or interest on such Securities when
the same shall become due and payable.

 

Whenever the Company shall have one or more paying
agents, it will, on or prior to each due date of the principal of (and premium,
if any) or interest, if any, on any Securities, deposit with such paying agent
a sum sufficient to pay the principal (and premium, if any) or interest, if
any, so becoming due, such sum to be held in trust for the benefit of the
Persons entitled to such principal, premium or interest, if any, and (unless
such paying agent is the Trustee) the Company shall promptly notify the Trustee
of any failure on its part to so act.

 

Anything in this Section 5.04 to the contrary
notwithstanding, the Company may, at any time, for the purpose of obtaining a
satisfaction and discharge of this Indenture, or for any other reason, pay or
cause to be paid to the Trustee all sums held in trust by it or any paying
agent hereunder, as required by this Section 5.04, such sums to be held by the
Trustee upon the trusts herein contained.

 

Anything in this Section 5.04 to the contrary
notwithstanding, the agreement to hold sums in trust as provided in this
Section 5.04 is subject to Sections 4.03 and 4.04 hereof.

 

SECTION
5.05.    CERTIFICATES AND NOTICE TO TRUSTEE.  The Company shall, on or before May 1 of each
year, beginning in 2005, deliver to the Trustee a certificate from its
principal executive officer, principal financial officer or principal
accounting officer covering the preceding calendar year and stating whether or
not, to the knowledge of such party, the Company has complied with all
conditions and covenants under this Indenture, and, if not, describing in
reasonable detail any failure by the Company to comply with any such conditions
or covenants.  For purposes of this
Section, compliance shall be determined without regard to any period of grace
or requirement of notice provided under this Indenture.

 

ARTICLE SIX

 

SECURITY
HOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

 

SECTION
6.01.    SECURITY HOLDER LISTS.

 

(a)  The Company
shall furnish or cause to be furnished to the Trustee semiannually, not later
than 15 days after each Regular Record Date for each Interest Payment Date that
is not a maturity date and at such other times as such Trustee may request in
writing, within 30 days after receipt by the Company of any such request, a
list in such form as the Trustee may reasonably require containing all the
information in the possession or control of the Company, or any paying

 

22

 

agents other than the Trustee, as to the names and
addresses of the Holders of Securities, obtained since the date as of which the
next previous list, if any, was furnished. 
Any such list may be dated as of a date not more than 15 days prior to
the time such information is furnished or caused to be furnished and need not
include information received after such date; provided that as long as the
Trustee is the registrar for the Securities, no such list shall be required to
be furnished.  The Trustee shall preserve
any list provided to it pursuant to this Section until such time as the Company
or any paying agent, as applicable, shall provide it with a more recent list.

 

(b)  Within five
Business Days after the receipt by the Trustee of a written application by any
three or more Holders stating that the applicants desire to communicate with
other Holders with respect to their rights under the Indenture or under the
Securities, and accompanied by a copy of the form of proxy or other
communication which such applicants propose to transmit, and by reasonable
proof that each such applicant has owned a Security for a period of at least
six months preceding the date of such application, the Trustee shall, at its
election, either:

 

(i)  afford to
such applicants access to all information furnished to or received by the
Trustee pursuant to Section 6.01(a) hereof or, if applicable, in its
capacity as registrar to the Securities; or

 

(ii)  inform
such applicants as to the approximate number of Holders according to the most
recent information furnished to or received by the Trustee under Section
6.01(a) hereof or if applicable in its capacity as registrar for the
Securities, and as to the approximate cost of mailing to such Holders the form
of proxy or other communication, if any, specified in such application.

 

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

 

(c)  Every
Holder of a Security, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee nor any paying
agent nor any Authenticating Agent shall be held accountable by reason of the
disclosure of any such information as to the names and addresses of the Holders
in accordance with this Section,

 

23

 

regardless of the source from which such information
was derived, and that the Trustee shall not be held accountable by reason of mailing
any material pursuant to a request made under this Section.

 

SECTION
6.02.    SECURITIES AND EXCHANGE COMMISSION REPORTS.  The Company shall:

 

(a)  file (which
may be in the form of an electronic transmission) with the Trustee, within 15
days after the Company is required to file the same with the Commission, copies
of the annual reports and of the information, documents and other reports (or
copies of such portions of any of the foregoing as the Commission may from time
to time by rules and regulations prescribe) which the Company may be required
to file with the Commission pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934; or, if the Company is not required to file
information, documents or reports pursuant to either of said Sections, then it
will file with the Trustee and the Commission, in accordance with rules and
regulations prescribed from time to time by the Commission, such of the
supplementary and periodic information, documents and reports which may be
required pursuant to Section 13 of the Securities Exchange Act of 1934 in
respect of a security listed and registered on a national securities exchange
as may be prescribed from time to time in such rules and regulations;

 

(b)  file (which
may be in the form of an electronic transmission) with the Trustee and the
Commission, in accordance with rules and regulations prescribed from time to
time by the Commission, such additional information, documents and reports with
respect to compliance by the Company with the conditions and covenants of this
Indenture as may be required from time to time by such rules and regulations,
including, in the case of annual reports, if required by such rules and
regulations, certificates or opinions of independent public accountants, conforming
to the requirements of Section 14.05, as to compliance with conditions or
covenants, compliance with which is subject to verification by accountants; and

 

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

 

SECTION
6.03.    REPORTS BY THE TRUSTEE.

 

(a)  Within 60
days after July 15 of each year, beginning with the July 15 after the first
issuance of Securities hereunder, the Trustee shall transmit by mail a brief
report dated as of such date that complies with Section 313(a) of the TIA (to
the extent required by such Section).

 

(b)  The Trustee
shall from time to time transmit by mail brief reports that comply, both in
content and date of delivery, with Section 313(b) of the TIA (to the extent
required by such Section).

 

(c)  A copy of
each such report filed pursuant to this section shall, at the time of such
transmission to such Holders, be filed by the Trustee with each stock exchange
upon which any

 

24

 

Securities are listed and also with the
Commission.  The Company will notify the
Trustee promptly upon the listing of such Securities on any stock exchange.

 

(d)  Reports
pursuant to this Section shall be transmitted

 

(1)  by mail to
all Holders of Securities, as their names and addresses appear in the register
for the Securities;

 

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

 

(3)  by mail,
except in the case of reports pursuant to Section 6.03(b) and (c) hereof, to
all Holders of Securities whose names and addresses have been furnished to or
received by the Trustee pursuant to Section 6.01 hereof, and

 

(4)  at the time
such report is transmitted to the Holders of the Securities, to each exchange
on which Securities are listed and also with the Commission.

 

ARTICLE SEVEN

 

REMEDIES OF THE TRUSTEE AND

SECURITY HOLDERS ON EVENTS OF DEFAULT

 

SECTION
7.01.    EVENTS OF DEFAULT.

 

(a)  If one or
more of the following Events of Default shall have occurred and be continuing:

 

(1)  default in
the payment of any installment of interest upon any of the Securities as and
when the same shall become due and payable, and continuance of such default for
a period of 30 days;

 

(2)  default in
the payment of the principal of any of the Securities as and when the same
shall become due and payable and continuance of such default for five business
days;

 

(3)  default in
the payment of any applicable redemption premium on any of the Securities as
and when the same shall become due and payable, and continuance of such default
for a period of five business days;

 

(4)  failure on
the part of the Company duly to observe or perform any other of the covenants
or agreements on the part of the Company contained in the Securities or in this
Indenture for a period of 90 days after the date on which written notice of
such failure, requiring the same to be remedied and stating that such notice is
a “Notice of Default” hereunder, shall have been given to the Company by the
Trustee by registered mail, or to the Company and the Trustee by the Holders of
at least 25% in aggregate principal amount of the Securities at the time
outstanding;

 

25

 

(5)  the entry
of a decree or order by a court having jurisdiction over the Company for relief
in respect of the Company under Title 11 of the United States Code, as now
constituted or hereafter amended, or any other applicable federal or state
bankruptcy, insolvency or other similar law, or appointing a receiver,
liquidator, assignee, trustee, custodian, sequestrator or similar official of
the Company or of any substantial part of its property, or ordering the
winding-up or liquidation of its affairs, and the continuance of any such
decree or order unstayed and in effect for a period of 60 consecutive days; or

 

(6)  the filing
by the Company with respect to itself or its property of a petition or answer
or consent seeking relief under Title 11 of the United States Code, as now
constituted or hereafter amended, or any other applicable federal or state
bankruptcy, insolvency or other similar law, or the consent by it to the
institution of proceedings thereunder or to the filing of any such petition or
to the appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of the Company or of
any substantial part of its property, or the failure of the Company generally
to pay its debts as such debts become due, or the taking of corporate action by
the Company to effectuate any such action;

 

then and in each and every such case, unless the
principal of all of the Securities shall have already become due and payable, either
the Trustee or the Holders of a majority in aggregate principal amount of the
Securities then outstanding, by notice in writing to the Company (and to the
Trustee if given by Security holders), may declare the principal of all the
Securities to be due and payable immediately and upon any such declaration the
same shall become and shall be immediately due and payable, anything in this
Indenture or in the Securities contained to the contrary notwithstanding.  This provision, however, is subject to the condition
that if, at any time after the principal of the Securities shall have been so
declared due and payable, and before any judgment or decree for the payment of
the moneys due shall have been obtained or entered as hereinafter provided, the
Company shall pay or shall deposit with the Trustee a sum sufficient to pay all
matured installments of interest upon all of the Securities and the principal
of and any redemption premium on any and all Securities which shall have become
due otherwise than by acceleration (with interest on overdue installments of
interest, to the extent that payment of such interest is enforceable under
applicable law, and on such principal and applicable redemption premium at the
rate borne by the Securities to the date of such payment or deposit) and all
sums paid or advanced by the Trustee hereunder, the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel,
and any other amounts due the Trustee under Section 8.06 hereof; and any and all
defaults under this Indenture, other than the non-payment of principal of and
accrued interest on Securities which shall have become due solely by
acceleration of maturity, shall have been cured or waived, then and in every
such case such payment or deposit shall cause an automatic waiver of the Event
of Default and its consequences and shall cause an automatic rescission and
annulment of the acceleration of the Securities; but no such waiver or
rescission and annulment shall extend to or shall affect any subsequent
default, or shall impair any right consequent thereon.

 

(b)  If the
Trustee shall have proceeded to enforce any right under this Indenture and such
proceedings shall have been discontinued or abandoned because of such
rescission or annulment or for any other reason or shall have been determined
adversely to the Trustee, then and in every such case the Company and the
Trustee shall be restored respectively to their several positions

 

26

 

and rights hereunder, and all rights, remedies and
powers of the Company and the Trustee shall continue as though no such
proceeding had been taken.

 

SECTION
7.02.    PAYMENT OF SECURITIES ON DEFAULT; SUIT THEREFOR.

 

(a)  The Company
covenants that in case of:

 

(1)  default in
the payment of any installment of interest upon any of the Securities as and
when the same shall become due and payable, and continuance of such default for
a period of 30 days; or

 

(2)  default in
the payment of the principal of or any redemption premium on any of the
Securities as and when the same shall have become due and payable whether at
the stated maturity thereof, upon redemption thereof (provided that such
redemption is not conditioned upon the deposit of sufficient moneys for such
redemption), upon declaration of acceleration or otherwise, and continuance of
such default for a period of five days.

 

then, upon demand of the Trustee, the Company shall
pay to the Trustee, for the benefit of the Holders of the Securities, the whole
amount that then shall have so become due and payable on all such Securities
for principal and any redemption premium or interest, or both, as the case may
be, with interest upon the overdue principal and any redemption premium and (to
the extent that payment of such interest is enforceable under applicable law)
upon the overdue installments of interest at the rate borne by the Securities;
and, in addition thereto, such further amounts as shall be sufficient to cover
the costs and expenses of collection, including reasonable compensation to the
Trustee, its agents, attorneys and counsel, any expenses or liabilities
incurred by the Trustee hereunder other than through its negligence or bad
faith, and any other amounts due the Trustee under Section 8.06 hereof.

 

(b)  If the
Company shall fail forthwith to pay such amounts upon such demand, the Trustee,
in its own name and as trustee of an express trust, shall be entitled and
empowered to institute any actions or proceedings at law or in equity for the
collection of the sums so due and unpaid, and may enforce any such judgment or
final decree against the Company or any other obligor on the Securities and
collect in the manner provided by law out of the property of the Company or any
other obligor on such series of Securities wherever situated, the moneys
adjudged or decreed to be payable.

 

(c)  If there
shall be pending proceedings for the bankruptcy or for the reorganization of
the Company or any other obligor on the Securities under the United States
Bankruptcy Code or any other applicable law, or in case a receiver or trustee
shall have been appointed for the property of the Company or such other
obligor, or in the case of any similar judicial proceedings relative to the
Company or other obligor upon the Securities, or to the creditors or property
of the Company or such other obligor, 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 pursuant to this Section 7.02, shall be entitled and
empowered, by intervention in such proceedings or otherwise, to file and prove
a claim or claims for the whole amount of principal and any premium and
interest owing and unpaid in respect of the Securities, and, in case of any
judicial proceedings, to file such

 

27

 

proofs of claim and other papers or documents as may
be necessary or advisable in order to have the claims of the Trustee (including
any amounts due to the Trustee under Section 8.06 hereof) and of the Holders of
Securities allowed in such judicial proceedings relative to the Company or any
other obligor on the Securities, its or their creditors, or its or their property,
and to collect and receive any moneys or other property payable or deliverable
on any such claims, and to distribute the same after the deduction of its
charges and expenses.

 

(d)  All claims
and rights of action under this Indenture, or under any of the Securities, may
be enforced by the Trustee without the possession of any of the Securities, or
the production thereof in any trial or other proceeding relative thereto, and
any such suit or proceeding instituted by the Trustee shall be brought in its own
name as trustee of an express trust, and any recovery of judgment shall be for
the ratable benefit of the Holders of the Securities in respect of which such
action was taken.

 

(e)  Nothing
herein contained shall be deemed to authorize the Trustee to authorize or
consent or to accept or adopt on behalf of any Security 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 Security holder in any such proceeding.

 

SECTION
7.03.    APPLICATION OF MONEYS COLLECTED BY TRUSTEE.  Any moneys collected by the Trustee with
respect to any of the Securities pursuant to this Article shall be applied in
the order following, at the date or dates fixed by the Trustee for the
distribution of such moneys, upon presentation of the several Securities, and
stamping thereon the payment, if only partially paid, and upon surrender
thereof if fully paid.

 

FIRST:                    To the payment of all
amounts due to the Trustee pursuant to Section 8.06 hereof;

 

SECOND:               If
the principal of the outstanding Securities in respect of which such moneys
have been collected shall not have become due and be unpaid, to the payment of
interest on the Securities, in the order of the maturity of the installments of
such interest, with interest (to the extent allowed by law and to the extent
that such interest has been collected by the Trustee) upon the overdue
installments of interest at the rate borne by the Securities, such payments to
be made ratably to the persons entitled thereto, and then to the payment to the
Holders entitled thereto of the unpaid principal of and applicable premium on
any of the Securities which shall have become due (other than Securities
previously called for redemption for the payment of which moneys are held
pursuant to the provisions of this Indenture), whether at stated maturity or by
redemption, in the order of their due dates, beginning with the earliest due
date, and if the amount available is not sufficient to pay in full all
Securities due on any particular date, then to the payment thereof ratably,
according to the amounts of principal and applicable premium due on that date,
to the Holders entitled thereto, without any discrimination or privilege;

 

THIRD:                  If the principal of the
outstanding Securities in respect of which such moneys have been collected
shall have become due, by declaration or otherwise, to the payment of the whole
amount then owing and unpaid upon the Securities for principal and any premium
and interest thereon, with interest on the overdue principal and any premium
and (to the extent

 

28

 

allowed by law and
to the extent that such interest has been collected by the Trustee) upon
overdue installments of interest at the rate borne by the Securities; and in
case such moneys shall be insufficient to pay in full the whole amount so due
and unpaid upon the Securities, then to the payment of such principal and any
premium and interest without preference or priority of principal and any
premium over interest, or of interest over principal and any premium or of any
installment of interest over any other installment of interest, or of any
Security over any other Security, ratably to the aggregate of such principal
and any premium and accrued and unpaid interest; and

 

FOURTH:              to
the payment of the remainder, if any, to the Company or its successors or
assigns, or to whomsoever may lawfully be entitled to the same, or as a court
of competent jurisdiction may determine.

 

SECTION
7.04.    PROCEEDINGS BY SECURITY HOLDERS.

 

(a)  No Holder
of any Security shall have any right by virtue of or by availing of any
provision of this Indenture to institute any suit, action or proceeding in
equity or at law upon or under or with respect to this Indenture or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless
such Holder previously shall have given to the Trustee written notice of an
Event of Default with respect to such Security and of the continuance thereof,
as hereinabove provided, and unless also Security holders of a majority in
aggregate principal amount of the Securities then outstanding affected by such
Event of Default shall have made written request upon the Trustee to institute
such action, suit or proceeding in its own name as Trustee hereunder and shall
have offered to the Trustee such reasonable indemnity as it may require against
the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee
for 60 days after its receipt of such notice, request and offer of indemnity,
shall have neglected or refused to institute any such action, suit or
proceeding.

 

(b)  Notwithstanding
any other provision in this Indenture, however, the rights of any Holder of any
Security to receive payment of the principal of and any premium and interest on
such Security, on or after the respective due dates expressed in such Security
or on the applicable redemption date, or to institute suit for the enforcement
of any such payment on or after such respective dates shall not be impaired or
affected without the consent of such Holder.

 

SECTION
7.05.    PROCEEDINGS BY TRUSTEE.  In case of an Event of Default hereunder the
Trustee may in its discretion proceed to protect and enforce the rights vested
in it by this Indenture, by such appropriate judicial proceedings as the
Trustee shall deem most effectual to protect and enforce any of such rights,
either by suit in equity or by action at law or by proceeding in bankruptcy or
otherwise, whether for the specific enforcement of any covenant or agreement
contained in this Indenture or in aid of the exercise of any power granted to
it under this Indenture, or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law.

 

SECTION
7.06.    REMEDIES CUMULATIVE AND CONTINUING.  All powers and remedies given by this Article
Seven to the Trustee or to the Security holders shall, to the extent permitted
by law, be deemed cumulative and not exclusive of any powers and remedies
hereof or of any other powers and remedies available to the Trustee or the
Holders of the Securities, by judicial

 

29

 

proceedings or otherwise, to enforce the performance
or observance of the covenants and agreements contained in this Indenture, and
no delay or omission of the Trustee or of any Holder of any of the Securities
in exercising any right or power accruing upon any default occurring and
continuing as aforesaid shall impair any such right or power, or shall be
construed to be a waiver of any such default or an acquiescence therein; and,
subject to Section 7.04 hereof, every power and remedy given by this Article
Seven or by law to the Trustee or to the Security holders may be exercised from
time to time, and as often as shall be deemed expedient, by the Trustee or by
the Security holders.

 

SECTION
7.07.    DIRECTION OF PROCEEDINGS AND WAIVER OF DEFAULTS BY MAJORITY OF
SECURITY HOLDERS.  The Holders
of a majority in aggregate principal amount of the Securities at the time
outstanding shall have the right to direct the time, method, and place of
conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred on the Trustee; provided, that (subject
to Section 8.01 hereof) the Trustee shall have the right to decline to follow
any such direction if the Trustee being advised by counsel determines that the
action or proceeding so directed may not lawfully be taken or if the Trustee in
good faith by its board of directors or trustees, executive committee, or a
trust committee of directors or trustees or responsible officers shall
determine that the action or proceeding so directed would involve the Trustee
in personal liability or would be unduly prejudicial to the rights of Security
holders not joining in such directions. 
The Holders of a majority in aggregate principal amount of the
Securities at the time outstanding may on behalf of all of the Holders of the Securities
waive any past default or Event of Default hereunder and its consequences
except a default in the payment of principal of or any premium or interest on
the Securities.  Upon any such waiver the
Company, the Trustee and the Holders of the Securities shall be restored to
their former positions and rights hereunder, respectively, but no such waiver
shall extend to any subsequent or other default or Event of Default or impair
any right consequent thereon.  Whenever
any default or Event of Default hereunder shall have been waived as permitted
by this Section 7.07, said default or Event of Default shall for all purposes
of the Securities and this Indenture be deemed to have been cured and to be not
continuing.

 

SECTION
7.08.    NOTICE OF DEFAULT. 
The Trustee shall, within 90 days after the occurrence of a default,
give to all Holders of the Securities, in the manner provided in section 14.10,
notice of such default, unless such default shall have been cured before the
giving of such notice; the term “default” for the purpose of this Section 7.08 being
hereby defined to be any event which is or after notice or lapse of time or
both would become an Event of Default; provided that, except in the case of
default in the payment of the principal of or any premium or interest on any of
the Securities, or in the payment of any sinking or purchase fund installments,
the Trustee shall be protected in withholding such notice if and so long as its
board of directors or trustees, executive committee, or a trust committee of
directors or trustees or responsible officers in good faith determines that the
withholding of such notice is in the interests of the Holders of the
Securities. The Trustee shall not be charged with knowledge of any default or
Event of Default unless a responsible officer of the Trustee assigned to the
corporate trustee department of the Trustee shall have actual knowledge of such
default or Event of Default.

 

SECTION
7.09.    UNDERTAKING TO PAY COSTS.  All parties to this Indenture agree, and each
Holder of any Security by 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

 

30

 

this Indenture or in any suit against the Trustee for
any action taken or omitted by it as Trustee, the filing by any party litigant
in such suit of an undertaking to pay the costs of such suit, and that such
court may in its discretion assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in such suit, having due regard to
the merits and good faith of the claims or defenses made by such party
litigant; but this Section 7.09 shall not apply to any suit instituted by the
Trustee, or to any suit instituted by any Security holder, or group of Security
holders, holding in the aggregate more than 10% in principal amount of the
Securities outstanding, or to any suit instituted by any Security holder for
the enforcement of the payment of the principal of or any premium or interest
on any Security on or after the due date expressed in such Security or the
applicable redemption date.

 

ARTICLE EIGHT

 

CONCERNING THE TRUSTEE

 

SECTION
8.01.    DUTIES AND RESPONSIBILITIES OF TRUSTEE.

 

(a)  The
Trustee, prior to the occurrence of an Event of Default and after the curing of
all Events of Default which may have occurred, undertakes to perform such
duties and only such duties as are specifically set forth in this
Indenture.  If an Event of Default has
occurred (which has not been cured or waived), the Trustee shall exercise such
of the rights and powers vested in it by this Indenture, and use the same
degree of care and skill in their exercise, as a prudent man would exercise or
use under the circumstances in the conduct of his own affairs.

 

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

 

(1)  prior to
the occurrence of any Event of Default and after the curing or waiving of all
Events of Default which may have occurred

 

(A)  the duties
and obligations of the Trustee shall be determined solely by the express
provisions of this Indenture, and the Trustee shall not be liable except for
the performance of such duties and obligations as are specifically set forth in
this Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee; and

 

(B)  in the
absence of bad faith on the part of the Trustee, the Trustee may conclusively
rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon any certificates or opinions furnished to the Trustee
and conforming to the requirements of this Indenture; but, in the case of any
such certificates or opinions which by any provision hereof are specifically
required to be furnished to the Trustee, the Trustee shall be under a duty to
examine the same to determine whether or not they conform to the requirements
of this Indenture;

 

31

 

(2)  the Trustee
shall not be liable for any error of judgment made in good faith by a
responsible officer or officers of the Trustee, unless it shall be proved that
the Trustee was negligent in ascertaining the pertinent facts; and

 

(3)  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 Section 7.07 hereof 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.

 

SECTION
8.02.    RELIANCE ON DOCUMENTS, OPINIONS, ETC.  Except as otherwise provided in Section 8.01
hereof:

 

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

 

(b)  any
request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officers’ Certificate (unless other evidence in
respect thereof is herein specifically prescribed); and any Board Resolution
may be evidenced to the Trustee by a copy thereof certified by the Secretary or
an Assistant Secretary of the Company;

 

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

 

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

 

(e)  the Trustee
shall not be liable for any action taken, suffered or omitted by it in good
faith and believed by it to be authorized or within the discretion or rights or
powers conferred upon it by this Indenture;

 

(f)  prior to
the occurrence of an Event of Default hereunder and after the curing or waiving
of all Events of Default, the Trustee shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, consent, order,
approval, note or other paper or document, unless requested in writing to do so
by the Holders of at least a majority in principal amount of the then outstanding
Securities; provided that if the payment within a reasonable time to the
Trustee of the costs, expenses or liabilities likely to be incurred by it in
the making of such investigation is, in the opinion of the Trustee, not
reasonably assured to the Trustee by the security afforded to it by this
Indenture, the Trustee may require reasonable indemnity against such expense or
liability as a condition to so proceeding;

 

32

 

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

 

(h)  the Trustee
may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or through agents or attorneys; provided that the
Trustee shall not be liable for the conduct or acts of any such agent or
attorney that shall have been appointed in accordance herewith with due care.

 

SECTION
8.03.    NO RESPONSIBILITY FOR RECITALS, ETC.  The recitals contained herein and in the
Securities (except in the certificate of authentication) shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for the
correctness of the same.  The Trustee
makes no representations as to the validity or sufficiency of this Indenture or
of the Securities.  The Trustee shall not
be accountable for the use or application by the Company of any Securities or
the proceeds of any Securities authenticated and delivered by the Trustee in
conformity with this Indenture.  The
Trustee shall not be responsible for recording or filing this Indenture, any
supplemental indenture, or any financing or continuation statement in any
public office at any time or times.

 

SECTION
8.04.    TRUSTEE, AUTHENTICATING AGENT, PAYING AGENT OR REGISTRAR MAY OWN
SECURITIES.  The Trustee and
any Authenticating Agent or paying agent in its individual or other capacity,
may become the owner or pledgee of Securities with the same rights it would
have if it were not Trustee, Authenticating Agent or paying agent.

 

SECTION
8.05.    MONEYS TO BE HELD IN TRUST.  Subject to Section 4.04 hereof, all moneys
received by the Trustee shall, until used or applied as herein provided, be
held in trust for the purposes for which they were received, but need not be segregated
from other funds except to the extent required by law.  The Trustee may allow and credit to the
Company interest on any money received hereunder at such rate, if any, as may
be agreed upon by the Company and the Trustee from time to time as may be
permitted by law.

 

SECTION
8.06.    COMPENSATION AND EXPENSES OF TRUSTEE.  The Company covenants and agrees to pay to
the Trustee from time to time, and the Trustee shall be entitled to, reasonable
compensation (which shall not be limited by any law in regard to the
compensation of a trustee of an express trust), and the Company shall pay or
reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
this Indenture (including the reasonable compensation and the reasonable
expenses and disbursements of its counsel and agents, including any
Authenticating Agents, and of all persons not regularly in its employ) except
any such expense, disbursement or advance as may arise from its negligence or
bad faith.  The Company also covenants to
indemnify the Trustee for, and to hold it harmless against, any loss, liability
or expense incurred without negligence or bad faith on the part of the Trustee
and arising out of or in connection with the acceptance or administration of
this trust, including the costs and expenses of defending itself against any
claim or liability.  The obligations of
the Company under this Section 8.06 to compensate the Trustee and to pay or
reimburse the Trustee for expenses, disbursements and

 

33

 

advances shall constitute additional indebtedness
hereunder.  Such additional indebtedness
shall be secured by a lien prior to that of the Securities upon all property
and funds held or collected by the Trustee as such, except funds held in trust
for the benefit of the Holders of any particular Securities.

 

SECTION
8.07.    OFFICERS’ CERTIFICATE AS EVIDENCE.  Whenever in the administration of this
Indenture, the Trustee shall deem it necessary or desirable that a matter be
proved or established prior to the taking, suffering or omitting of any action
hereunder, such matter (unless other evidence in respect thereof is herein
specifically prescribed) may, in the absence of negligence or bad faith on the
part of the Trustee, be deemed to be conclusively proved and established by an
Officers’ Certificate delivered to the Trustee, and such Officers’ Certificate,
in the absence of negligence or bad faith on the part of the Trustee, shall be
full warranty to the Trustee for any action taken, suffered or omitted by it
under this Indenture in reliance thereon.

 

SECTION
8.08.    CONFLICTING INTEREST OF TRUSTEE.  The Trustee shall be subject to and shall
comply with the provisions of Section 310 of the TIA.  Nothing in this Indenture shall be deemed to
prohibit the Trustee or the Company from making any application permitted
pursuant to such section.

 

SECTION
8.09.    EXISTENCE AND ELIGIBILITY OF TRUSTEE.  There shall at all times be a Trustee hereunder
which Trustee shall at all times be a corporation organized and doing business
under the laws of the United States or any State thereof or of the District of
Columbia (or a corporation or other Person permitted to act as trustee by the
Commission), subject to supervision or examination by such bodies and
authorized under such laws to exercise corporate trust powers and having a
combined capital and surplus of at least $150,000,000.  If such corporation publishes reports of
condition at least annually, pursuant to law or to the requirements of the
aforesaid authority, then for the purposes of this Section 8.09, the combined
capital and surplus shall be deemed to be as set forth in its most recent
report of condition so published.  No
obligor upon the Securities or Person directly or indirectly controlling,
controlled by, or under common control with such obligor shall serve as
Trustee.  If at any time the Trustee
shall cease to be eligible in accordance with this Section 8.09, the Trustee
shall resign immediately in the manner and with the effect specified in Section
8.10 hereof.

 

SECTION
8.10.    RESIGNATION OR REMOVAL OF TRUSTEE.

 

(a)  Pursuant to
the provisions of this Article, the Trustee may at any time resign and be
discharged of the trusts created by this Indenture by giving written notice to
the Company specifying the day upon which such resignation shall take effect,
and such resignation shall take effect immediately upon the later of the
appointment of a successor trustee and such day.

 

(b)  Any Trustee
may be removed at any time by an instrument or concurrent instruments in
writing filed with such Trustee and signed by the Holders of a majority in
principal amount of the then outstanding Securities or by their attorneys in
fact duly authorized.

 

(c)  So long as
no Event of Default has occurred and is continuing, and no event has occurred
and is continuing that, with the giving of notice or the lapse of time or both,
would

 

34

 

become an Event of Default, the Company may remove any
Trustee upon written notice to the Holder of each Security outstanding and the
Trustee.

 

(d)  If at any
time (1) the Trustee shall cease to be eligible in accordance with Section 8.09
hereof and shall fail to resign after written request therefor by the Company
or by any Holder who has been a bona fide Holder for at least six months, (2)
the Trustee shall fail to comply with Section 8.08 hereof after written request
therefor by the Company or any such Holder, or (3) the Trustee shall become
incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver
of the Trustee or its property shall be appointed or any public officer shall
take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation, then the Trustee may be
removed forthwith by an instrument or concurrent instruments in writing filed
with the Trustee and either:

 

(1)  signed by
the President or any Vice President of the Company and attested by the
Secretary or an Assistant Secretary of the Company; or

 

(2)  signed by
the Holders of a majority in principal amount of outstanding Securities or by
their attorneys in fact duly authorized.

 

(e)  Any
resignation or removal of the Trustee shall not become effective until
acceptance of appointment by the successor Trustee as provided in Section 8.11
hereof.

 

SECTION
8.11.    APPOINTMENT OF SUCCESSOR TRUSTEE.

 

(a)  If at any
time the Trustee shall resign or be removed, the Company, by a Board
Resolution, shall promptly appoint a successor Trustee.

 

(b)  The Company
shall provide written notice of its appointment of a Successor Trustee to the
Holder of each Security outstanding following any such appointment.

 

(c)  If no
appointment of a successor Trustee shall be made pursuant to Section 8.11(a)
hereof within 60 days after appointment shall be required, any Security holder
or the resigning Trustee may apply to any court of competent jurisdiction to
appoint a successor Trustee.  Said court
may thereupon after such notice, if any, as such court may deem proper and
prescribe, appoint a successor Trustee.

 

(d)  Any Trustee
appointed under this Section 8.11 as a successor Trustee shall be a bank or
trust company eligible under Section 8.09 hereof and qualified under Section
8.08 hereof.

 

SECTION
8.12.    ACCEPTANCE BY SUCCESSOR TRUSTEE.

 

(a)  Any
successor Trustee appointed as provided in Section 8.11 hereof shall execute,
acknowledge and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon the resignation
or removal of the predecessor Trustee shall become effective and such successor
Trustee, without any further act, deed or conveyance, shall become vested with
all the rights, powers, duties and obligations of its predecessor hereunder,
with like effect as if originally named as Trustee herein; but nevertheless, on
the written request of the Company or of the successor Trustee, the Trustee
ceasing to act

 

35

 

shall, upon payment of any amounts then due it
pursuant to Section 8.06 hereof, execute and deliver an instrument transferring
to such successor Trustee all the rights and powers of the Trustee so ceasing
to act.  Upon request of any such
successor Trustee, the Company shall execute any and all instruments in writing
in order more fully and certainly to vest in and confirm to such successor
Trustee all such rights and powers.  Any
Trustee ceasing to act shall, nevertheless, retain a lien upon all property or
funds held or collected by such Trustee to secure any amounts then due it
pursuant to Section 8.06 hereof.

 

(b)  No
successor Trustee shall accept appointment as provided in this Section 8.12
unless at the time of such acceptance such successor Trustee shall be qualified
under Section 8.08 hereof and eligible under Section 8.09 hereof.

 

(c)  Upon
acceptance of appointment by a successor Trustee as provided in this Section
8.12, the successor Trustee shall mail notice of its succession hereunder to all
Holders of Securities as the names and addresses of such Holders appear on the
registry books.

 

SECTION
8.13.    SUCCESSION BY MERGER, ETC.

 

(a)  Any
corporation into which the Trustee may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion
or consolidation to which the Trustee shall be a party, or any corporation
succeeding to all or substantially all of the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder without the execution
or filing of any paper or any further act on the part of any of the parties
hereto, provided such corporation shall be otherwise qualified and eligible
under this Article.

 

(b)  If at the
time such successor to the Trustee shall succeed to the trusts created by this
Indenture any of the Securities shall have been authenticated but not
delivered, any such successor to the Trustee may adopt the certificate of
authentication of any predecessor Trustee, and deliver such Securities so authenticated;
and in case at that time any of the Securities shall not have been
authenticated, any successor to the Trustee may authenticate such Securities
either in the name of any predecessor hereunder or in the name of the successor
Trustee; and in all such cases such certificates shall have the full force
which it is anywhere in the Securities or in this Indenture provided that the
certificates of the Trustee shall have; provided that the right to adopt the
certificate of authentication of any predecessor Trustee or authenticate
Securities in the name of any predecessor Trustee shall apply only to its
successor or successors by merger, conversion or consolidation.

 

SECTION
8.14.    LIMITATIONS ON RIGHTS OF TRUSTEE AS A CREDITOR.

 

The Trustee shall be subject to, and shall comply
with, the provisions of Section 311 of the TIA.

 

SECTION
8.15.    AUTHENTICATING AGENT.

 

(a)  There may
be one or more Authenticating Agents appointed by the Trustee with the written
consent of the Company, with power to act on its behalf and subject to the
direction of the Trustee in the authentication and delivery of Securities in
connection with transfers and exchanges under Sections 2.06, 2.07, 2.08, 2.13,
3.03, and 12.04 hereof, as fully to all intents and

 

36

 

purposes as though such Authenticating Agents had been
expressly authorized by those Sections to authenticate and deliver
Securities.  For all purposes of this
Indenture, the authentication and delivery of Securities by any Authenticating
Agent pursuant to this Section 8.15 shall be deemed to be the authentication
and delivery of such Securities “by the Trustee.”  Any such Authenticating Agent shall be a bank
or trust company or other Person of the character and qualifications set forth
in Section 8.09 hereof.

 

(b)  Any
corporation into which any Authenticating Agent may be merged or converted or
with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which any Authenticating Agent shall be
a party, or any corporation succeeding to the corporate trust business of any
Authenticating Agent, shall be the successor of such Authenticating Agent
hereunder, if such successor corporation is otherwise eligible under this
Section 8.15, without the execution or filing of any paper or any further act
on the part of the parties hereto or such Authenticating Agent or such
successor corporation.

 

(c)  Any
Authenticating Agent may at any time resign by giving written notice of
resignation to the Trustee and to the Company. The Trustee may at any time
terminate the agency of any Authenticating Agent by giving written notice of
termination to such Authenticating Agent and to the Company. Upon receiving
such a notice of resignation or upon such a termination, or in case at any time
any Authenticating Agent shall cease to be eligible under this Section 8.15,
the Trustee may, with the written consent of the Company, appoint a successor
Authenticating Agent, and upon so doing shall give written notice of such
appointment to the Company and shall mail, in the manner provided in Section
14.10, notice of such appointment to the Holders of Securities.

 

(d)  The Trustee
agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services, and the Trustee shall be entitled to be
reimbursed for such payments, in accordance with Section 8.06 hereof.

 

(e)  Sections
8.02, 8.03, 8.06, 8.07 and 8.09 hereof shall be applicable to any
Authenticating Agent.

 

ARTICLE NINE

 

CONCERNING
THE SECURITY HOLDERS

 

SECTION
9.01.    ACTION BY SECURITY HOLDERS.  Whenever in this Indenture it is provided
that the Holders of a specified percentage in aggregate principal amount of the
Securities may take any action, the fact that at the time of taking any such
action the Holders of such specified percentage have joined therein may be
evidenced (a) by any instrument or any number of instruments of similar tenor
executed by such Security holders in person or by agent or proxy appointed in
writing, (b) by the record of such Security holders voting in favor thereof at
any meeting of Security holders duly called and held in accordance with Article
Ten hereof, or (c) by a combination of such instrument or instruments and any
such record of such a meeting of Security holders.

 

37

 

SECTION
9.02.    PROOF OF EXECUTION BY SECURITY HOLDERS.

 

(a)  Subject to
Sections 8.01, 8.02 and 10.05 hereof, proof of the execution of any instruments
by a Security holder or the agent or proxy for such Security holder shall be
sufficient if made in accordance with such reasonable rules and regulations as
may be prescribed by the Trustee or in such manner as shall be satisfactory to
the Trustee.  The ownership of Securities
shall be proved by the register for the Securities maintained by the Trustee.

 

(b)  The record
of any Security holders’ meeting shall be proven in the manner provided in
Section 10.06 hereof.

 

SECTION
9.03.    WHO DEEMED ABSOLUTE OWNERS.  Subject to Sections 2.04(f) and 9.01 hereof,
the Company, the Trustee, any paying agent and any Authenticating Agent shall
deem the person in whose name any Security shall be registered upon the
register for the Securities maintained by the Trustee as provided in Section
2.06 to be, and shall treat such person as, the absolute owner of such Security
(whether or not such Security shall be overdue) for the purpose of receiving
payment of or on account of the principal and premium, if any, and interest on
such Security, and for all other purposes; and neither the Company nor the
Trustee nor any paying agent nor any Authenticating Agent shall be affected by
any notice to the contrary.  All such
payments shall be valid and effectual to satisfy and discharge the liability
upon any such Security to the extent of the sum or sums so paid.

 

SECTION
9.04.    COMPANY-OWNED SECURITIES DISREGARDED.  In determining whether the Holders of the
requisite aggregate principal amount of outstanding Securities have concurred
in any direction, consent or waiver under this Indenture, Securities which are
owned by the Company or any other obligor on the Securities or by any person
directly or indirectly controlling or controlled by or under direct or indirect
common control with the Company or any other obligor on the Securities shall be
disregarded and deemed not to be outstanding for the purpose of any such
determination; provided that, for the purposes of determining whether the
Trustee shall be protected in relying on any such direction, consent or waiver,
only Securities (i) if registered, are registered in the name of the Company or
(ii) with regard to which the Trustee has received written notification from
the Company that they are so owned, shall be so disregarded.  Securities so owned which have been pledged
in good faith to third parties may be regarded as outstanding for the purposes
of this Section 9.04 if the pledgee shall establish to the satisfaction of the
Trustee the pledgee’s right to take action with respect to such Securities and
that the pledgee is not a person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Company or
any such other obligor.  In the case of a
dispute as to such right, any decision by the Trustee taken upon the advice of
counsel shall be full protection to the Trustee.

 

SECTION
9.05.    REVOCATION OF CONSENTS; FUTURE HOLDERS BOUND.  Except as may be otherwise required in the
case of a Global Security by the applicable rules and regulations of the
Depositary, at any time prior to the taking of any action by the Holders of the
percentage in aggregate principal amount of the Securities specified in this
Indenture in connection with such action, any Holder of a Security, which has
been included in the Securities the Holders of which have consented to such
action may, by filing written notice with the Trustee at the corporate trust
office of the Trustee and upon proof of ownership as provided in

 

38

 

Section 9.02(a) hereof, revoke such action so far as
it concerns such Security.  Except as
aforesaid, any such action taken by the Holder of any Security shall be
conclusive and binding upon such Holder and upon all future Holders and owners
of such Security and of any Securities issued in exchange, substitution or upon
registration of transfer therefor, irrespective of whether or not any notation
thereof is made upon such Security or such other Securities.

 

SECTION
9.06.    RECORD DATE FOR SECURITY HOLDER ACTS.  If the Company shall solicit from the Security
holders any request, demand, authorization, direction, notice, consent, waiver
or other act, the Company may, at its option, by Board Resolution, fix in
advance a record date for the determination of Security holders entitled to
give such request, demand, authorization, direction, notice, consent, waiver or
other act, but the Company shall have no obligation to do so.  If such a record date is fixed, such request,
demand, authorization, direction, notice, consent, waiver or other act may be
given before or after the record date, but only the Security holders of record
at the close of business on the record date shall be deemed to be Security
holders for the purpose of determining whether Holders of the requisite
aggregate principal amount of outstanding Securities have authorized or agreed
or consented to such request, demand, authorization, direction, notice,
consent, waiver or other act, and for that purpose the outstanding Securities
shall be computed as of the record date; provided that no such request, demand,
authorization, direction, notice, consent, waiver or other act by the Security
holders on the record date shall be deemed effective unless it shall become
effective pursuant to this Indenture not later than six months after the record
date.  Any such record date shall be at
least 30 days prior to the date of the solicitation to the Security holders by
the Company.

 

ARTICLE TEN

 

SECURITY HOLDERS’ MEETING

 

SECTION
10.01. PURPOSES OF
MEETINGS.  A meeting of
Security holders may be called at any time and from time to time pursuant to
this Article Ten for any of the following purposes:

 

(a)  to give any
notice to the Company or to the Trustee, or to give any directions to the
Trustee, or to consent to the waiving of any Event of Default hereunder and its
consequences, or to take any other action authorized to be taken by Security
holders pursuant to Article Seven;

 

(b)  to remove
the Trustee pursuant to Article Eight;

 

(c)  to consent
to the execution of an indenture or indentures supplemental hereto pursuant to
Section 12.02 hereof; or

 

(d)  to take any
other action authorized to be taken by or on behalf of the Holders of any
specified aggregate principal amount of the Securities, as the case may be,
under any other provision of this Indenture or under applicable law.

 

SECTION
10.02. CALL OF MEETINGS BY
TRUSTEE.  The Trustee may at
any time call a meeting of Holders of Securities to take any action specified
in Section 10.01 hereof, to be held at such time and at such place as the
Trustee shall determine.  Notice of every
such meeting of Security holders, setting forth the time and the place of such
meeting and in general terms the

 

39

 

action proposed to be taken at such meeting, shall be
given to Holders of the Securities that may be affected by the action proposed
to be taken at such meeting in the manner provided in Section 14.10
hereof.  Such notice shall be given not
less than 20 nor more than 90 days prior to the date fixed for such meeting.

 

SECTION
10.03. CALL OF MEETINGS BY
COMPANY OR SECURITY HOLDERS. 
If at any time the Company, pursuant to a Board Resolution, or the
Holders of at least 10% in aggregate principal amount of the Securities then
outstanding, shall have requested the Trustee to call a meeting of Security
holders, by written request setting forth in reasonable detail the action
proposed to be taken at the meeting, and the Trustee shall not have mailed the
notice of such meeting within 20 days after receipt of such request, then the
Company or such Security holders may determine the time and the place for such
meeting and may call such meeting to take any action authorized in Section
10.01 hereof, by giving notice thereof as provided in Section 10.02 hereof.

 

SECTION
10.04. QUALIFICATIONS FOR
VOTING.  To be entitled to
vote at any meetings of Security holders a Person shall (a) be a Holder of one
or more Securities affected by the action proposed to be taken or (b) be a
Person appointed by an instrument in writing as proxy by a Holder of one or
more such Securities.  The only Persons
who shall be entitled to be present or to speak at any meeting of Security
holders shall be the Persons entitled to vote at such meeting and their counsel
and any representatives (including employees) of the Trustee and its counsel
and any representatives (including employees) of the Company and its counsel.

 

SECTION
10.05. REGULATIONS.

 

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

 

(b)  The Trustee
shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by the
Security holders as provided in Section 10.03 hereof, in which case the Company
or Security holders calling the meeting, as the case may be, shall in like
manner appoint a temporary chairman.  A
permanent chairman and a permanent secretary of the meeting shall be elected by
the Holders of a majority in aggregate principal amount of the Securities
present in person or by proxy at the meeting.

 

(c)  Subject to
Section 9.04 hereof, at any meeting each Security holder or proxy shall be
entitled to one vote for each $1,000 principal amount of Securities held or
represented by such Security holder; provided that no vote shall be cast or
counted at any meeting in respect of any Security ruled by the chairman of the
meeting to be not outstanding.  The
chairman of the meeting shall have no right to vote other than by virtue of
Securities held by such chairman or instruments in writing as aforesaid duly
designating such chairman as the person to vote on behalf of other Security
holders.  At any meeting of Security
holders duly called pursuant to Section 10.02 or 10.03 hereof, the presence of
persons holding or representing Securities in an

 

40

 

aggregate principal amount sufficient to take action
on any business for the transaction for which such meeting was called shall
constitute a quorum.  Any meeting of
Security holders duly called pursuant to Section 10.02 or 10.03 hereof may be
adjourned from time to time by the Holders of a majority in aggregate principal
amount of the Securities present in person or by proxy at the meeting, whether
or not constituting a quorum, and the meeting may be held as so adjourned
without further notice.

 

SECTION
10.06. VOTING.  The vote upon any resolution submitted to any
meeting of Security holders shall be by written ballots on which shall be
subscribed the signatures of the Holders of Securities or of their
representatives by proxy and the principal amount of Securities held or
represented by them.  The permanent
chairman of the meeting shall appoint two inspectors of votes who shall count
all votes cast at the meeting for or against any resolution and who shall make
and file with the secretary of the meeting their verified written reports in
duplicate of all votes cast at the meeting. 
A record in duplicate of the proceedings of such meeting of Security
holders shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any
vote by ballot taken thereat and affidavits by one or more persons having
knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was given as provided in Section 10.02 hereof.  The record shall show the aggregate principal
amount of the Securities voting in favor of or against any resolution.  The record shall be signed and verified by
the affidavits of the permanent chairman and secretary of the meeting and one
of the duplicates shall be delivered to the Company and the other to the
Trustee to be preserved by the Trustee and the Trustee shall have the ballots
taken at the meeting attached to such duplicate.  Any record so signed and verified shall be
conclusive evidence of the matters therein stated.

 

SECTION
10.07. RIGHTS OF TRUSTEE
OR SECURITY HOLDERS NOT DELAYED. 
Nothing in this Article Ten shall be deemed or construed to authorize or
permit, by reason of any call of a meeting of Security holders or any rights
expressly or impliedly conferred hereunder to make such call, any hindrance or
delay in the exercise of any right or rights conferred upon or reserved to the
Trustee or to the Holders of Securities under any of the provisions of this
Indenture or of the Securities.

 

ARTICLE ELEVEN

 

CONSOLIDATION, MERGER, SALE,
TRANSFER OR OTHER DISPOSITION

 

SECTION
11.01. COMPANY MAY
CONSOLIDATE, ETC. ONLY ON CERTAIN TERMS.  The Company shall not consolidate with or
merge into any other corporation or sell, or otherwise dispose all or
substantially all of its assets unless the corporation formed by such
consolidation or into which the Company is merged or the Person which receives
all or substantially all of the assets pursuant to such sale, transfer or other
disposition shall expressly assume, by an indenture supplemental hereto,
executed and delivered to the Trustee, in form satisfactory to the Trustee, the
due and punctual payment of the principal of and interest on all of the
Securities, the due and punctual payment of the redemption premium, if
applicable, and the performance of the covenants of this Indenture on the part
of the Company to be performed or observed. 
For purposes of this Article Eleven, the phrase “all or
substantially all of its assets” shall mean 662/3%
or more of the total assets of the Company as shown on the balance sheet of the
Company

 

41

 

as of the end of the calendar year immediately preceding the day of the
year in which such determination is made and nothing in this Indenture shall
prevent or hinder the Company from selling, transferring or otherwise disposing
during any calendar year (in one transaction or a series of transactions) less
than 662/3% of the amount of its total assets as shown on
the balance sheet of the Company as of the end of the immediately preceding
calendar year.

 

SECTION
11.02.  SUCCESSOR
CORPORATION SUBSTITUTED.  Upon
any consolidation or merger, or any sale, transfer or other disposition of all
or substantially all of the assets of the Company in accordance with Section
11.01 hereof, the successor corporation formed by such consolidation or into
which the Company is merged or to which such sale, transfer 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 corporation had been named as the Company herein and the
Company shall be released from all obligations hereunder.

 

ARTICLE TWELVE

 

SUPPLEMENTAL INDENTURES

 

SECTION
12.01. SUPPLEMENTAL
INDENTURES WITHOUT CONSENT OF SECURITY HOLDERS.

 

(a)  The
Company, when authorized by Board Resolution, and the Trustee may from time to
time and at any time enter into an indenture or indentures supplemental hereto
for one or more of the following purposes:

 

(1)  to make
such provision in regard to matters or questions arising under this Indenture
as may be necessary or desirable, and not inconsistent with this Indenture or
prejudicial to the interests of the Holders, for the purpose of supplying any
omission, curing any ambiguity, or curing, correcting or supplementing any
defective or inconsistent provision;

 

(2)  to change
or eliminate any of the provisions of this Indenture, provided that any such
change or elimination shall become effective only when there is no Security
outstanding created prior to the execution of such supplemental indenture which
is entitled to the benefit of such provision or such change or elimination is
applicable only to Securities issued after the effective date of such change or
elimination;

 

(3)  to
establish the form of Securities as permitted by Section 2.01 hereof or to
establish or reflect any terms of any Security determined pursuant to Section
2.05 hereof;

 

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

 

(5)  to grant to
or confer upon the Trustee for the benefit of the Holders any additional
rights, remedies, powers or authority;

 

42

 

(6)  to permit
the Trustee to comply with any duties imposed upon it by law;

 

(7)  to specify
further the duties and responsibilities of, and to define further the
relationships among the Trustee, any Authenticating Agent and any paying agent;

 

(8)  to add to
the covenants of the Company for the benefit of the Holders, to add to the
security for the Securities or to surrender a right or power conferred on the
Company herein; and

 

(9)  to make any
other change that is not prejudicial to the Trustee or the Holders.

 

(b)  The Trustee
is hereby authorized to join with the Company in the execution of any such
supplemental indenture, to make any further appropriate agreements and
stipulations which may be therein contained and to accept the conveyance,
transfer and assignment of any property thereunder, but the Trustee shall not
be obligated to enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 

(c)  Any
supplemental indenture authorized by this Section 12.01 may be executed by the
Company and the Trustee without the consent of the Holders of any of the
Securities at the time outstanding, notwithstanding any of the provisions of
Section 12.02 hereof.

 

SECTION
12.02. SUPPLEMENTAL
INDENTURES WITH CONSENT OF SECURITY HOLDERS.

 

(a)  With the
consent (evidenced as provided in Section 9.01 hereof) of the Holders of a
majority in aggregate principal amount of the Securities at the time
outstanding, the Company, when authorized by Board Resolution, and the Trustee
may from time to time and at any time enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Indenture or of any
supplemental indenture or of modifying in any manner the rights of the Security
holders; provided that no such supplemental indenture shall:

 

(1)  change the
maturity date of any Security, or reduce the rate or extend the time of payment
of interest thereon, or reduce the principal amount thereof or any premium
thereon, or change the coin or currency in which the principal of any Security
or any premium or interest thereon is payable, or change the date on which any
Security may be redeemed or adversely affect the rights of the Security holders
to institute suit for the enforcement of any payment of principal of or any
premium or interest on any Security, in each case without the consent of the
Holder of each Security so affected; or

 

(2)  modify this
Section 12.02(a) or reduce the aforesaid percentage of Securities, the Holders
of which are required to consent to any such supplemental indenture or to
reduce the percentage of Securities, the Holders of which are required to waive
Events of Default, in each case, without the consent of the Holders of all of
the Securities then outstanding.

 

(b)  Upon the
request of the Company, accompanied by a copy of the Board Resolution
authorizing the execution of any such supplemental indenture, and upon the
filing with the

 

43

 

Trustee of evidence of the consent of Security holders
as aforesaid, the Trustee shall join with the Company in the execution of such
supplemental indenture unless such supplemental indenture affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise, in which
case the Trustee may in its discretion, but shall not be obligated to, enter
into such supplemental indenture.

 

(c)  It shall
not be necessary for the consent of the Holders of Securities under this
Section 12.02 to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such consent shall approve the
substance thereof.

 

(d)  Promptly
after the execution by the Company and the Trustee of any supplemental
indenture pursuant to this Section 12.02, the Trustee shall give notice in the
manner provided in Section 14.10 hereof, setting forth in general terms the
substance of such supplemental indenture, to all Security holders.  Any failure of the Trustee to give such
notice or any defect therein shall not, however, in any way impair or affect
the validity of any such supplemental indenture.

 

SECTION
12.03. COMPLIANCE WITH TRUST INDENTURE ACT; EFFECT OF SUPPLEMENTAL INDENTURES.  Any supplemental indenture executed pursuant
to this Article Twelve shall comply with the TIA.  Upon the execution of any supplemental
indenture pursuant to this Article Twelve, the Indenture shall be and be deemed
to be modified and amended in accordance therewith and the respective rights,
limitations of rights, obligations, duties and immunities under this Indenture
of the Trustee, the Company and the Security holders shall thereafter be
determined, exercised and enforced hereunder subject in all respects to such
modifications and amendments, and all the terms and conditions of any such
supplemental indenture shall be and be deemed to be part of the terms and
conditions of this Indenture for any and all purposes.

 

SECTION
12.04. NOTATION ON
SECURITIES.  Securities
authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article Twelve may bear a notation in form approved by the
Trustee as to any matter provided for in such supplemental indenture.  If the Company shall so determine, new
Securities so modified as approved by the Trustee and the Board of Directors
with respect to any modification of this Indenture contained in any such
supplemental indenture may be prepared and executed by the Company,
authenticated by the Trustee and delivered in exchange for the Securities then
outstanding.

 

SECTION
12.05. EVIDENCE OF
COMPLIANCE OF SUPPLEMENTAL INDENTURE TO BE FURNISHED TRUSTEE.  The Trustee, subject to Sections 8.01 and
8.02 hereof; may receive an Officers’ Certificate and an Opinion of Counsel as
conclusive evidence that any supplemental indenture executed pursuant hereto
complies with the requirements of this Article Twelve.

 

ARTICLE THIRTEEN

 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

 

SECTION
13.01. INDENTURE AND
SECURITIES SOLELY CORPORATE OBLIGATIONS.  No recourse for the payment of the principal
of or any premium or interest on any Security, or for any claim based thereon
or otherwise in respect thereof, and no recourse under or upon any

 

44

 

obligation, covenant or agreement of the Company,
contained in this Indenture, or in any supplemental indenture, or in any
Security, or because of the creation of any indebtedness represented thereby,
shall be had against any incorporator, stockholder, officer or director, as
such, past, present or future, of the Company or any successor corporation,
either directly or through the Company or any successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of
any assessment or penalty or otherwise; it being expressly understood that all
such liability is hereby expressly waived and released as a condition of, and
as a consideration for, the execution of this Indenture and the issuance of the
Securities.

 

ARTICLE FOURTEEN

 

MISCELLANEOUS PROVISIONS

 

SECTION
14.01. PROVISIONS BINDING
ON COMPANY’S SUCCESSORS.  All
the covenants, stipulations, promises and agreements made by the Company in
this Indenture shall bind its successors and assigns whether so expressed or
not.

 

SECTION
14.02. OFFICIAL ACTS BY
SUCCESSOR CORPORATION.  Any
act or proceeding by any provision of this Indenture authorized or required to
be done or performed by any board, committee or officer of the Company shall
and may be done and performed with like force and effect by the like board,
committee or officer of any corporation that shall at the time be the lawful
successor of the Company.

 

SECTION
14.03. NOTICES.

 

(a)  Any notice
or demand which by any provision of this Indenture is required or permitted to
be given or served by the Trustee or by the Security holders on the Company may
be given or served by being deposited postage prepaid in a post office letter
box addressed (until another address is filed by the Company with the Trustee)
at the principal executive offices of the Company, to the attention of the
Secretary. Any notice, direction, request or demand by any Security holder or
the Company to or upon the Trustee shall be deemed to have been sufficiently
given or made, for all purposes, if given or made in writing and received at
the corporate trust office of the Trustee, Attention: Vice President, Corporate
Trust Department.

 

(b)  The Company
shall provide any notices required under this Indenture by publication, but
only to the extent that such publication is required by the TIA, the rules and
regulations of the Commission or any securities exchange upon which any series
of Securities is listed.

 

SECTION
14.04. GOVERNING LAW.
 This Indenture and each Security shall
be deemed to be a contract made under the laws of the State of Oklahoma, and
for all purposes shall be construed in accordance with the laws of said State.

 

SECTION
14.05. EVIDENCE OF
COMPLIANCE WITH CONDITIONS PRECEDENT.

 

(a)  Upon any
application or demand by the Company to the Trustee to take any action under
this Indenture, the Company shall furnish to the Trustee an Officers’
Certificate stating that all conditions precedent, if any, provided for in this
Indenture (including any covenants compliance with which constitutes a
condition precedent) relating to the proposed action have

 

45

 

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

 

(b)  Each certificate or opinion
provided for in this Indenture and delivered to the Trustee with respect to
compliance with a condition or covenant provided for in this Indenture (other
than the certificates delivered pursuant to Section 5.05 hereof) shall include
(1) a statement that each Person making such certificate or opinion has read
such covenant or condition and the definitions relating thereto; (2) a brief
statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are
based; (3) a statement that, in the opinion of each such Person, such Person
has made such examination or investigation as is necessary to enable such
Person to express an informed opinion as to whether or not such covenant or
condition has been complied with; and (4) a statement as to whether or not, in
the opinion of each such Person, such condition or covenant has been complied
with.

 

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

 

(d)  Any certificate or opinion
of an officer of the Company may be based, insofar as it relates to legal
matters, upon a certificate or opinion of, or representations by, counsel,
unless such officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters
upon which such certificate or opinion is based are erroneous.  Any such certificate or opinion of counsel
delivered under the Indenture may be based, insofar as it relates to factual
matters, upon a certificate or opinion of, or representations by, an officer or
officers of the Company stating that the information with respect to such
factual matters is in the possession of the Company, unless such person knows,
or in the exercise of reasonable care should know, that the certificate or
opinion of representations with respect to such matters are erroneous.  Any opinion of counsel delivered hereunder
may contain standard exceptions and qualifications satisfactory to the Trustee.

 

(e)  Any certificate, statement
or opinion of any officer of the Company, or of counsel, may be based, insofar
as it relates to accounting matters, upon a certificate or opinion of or
representations by an independent public accountant or firm of accountants,
unless such officer or counsel, as the case may be, knows that the certificate
or opinions or representations with respect to the accounting matters upon
which the certificate, statement or opinion of such officer or counsel may be
based as aforesaid are erroneous, or in the exercise of reasonable care should
know that the same are erroneous.  Any
certificate or opinion of any firm of independent public accountants filed with
the Trustee shall contain a statement that such firm is independent.

 

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

 

46

 

SECTION 14.06. BUSINESS DAYS.  Unless otherwise provided pursuant to Section
2.05(c) hereof, in any case where the date of maturity of the principal of or
any premium or interest on any Security or the date fixed for redemption of any
Security is not a Business Day, then payment of such principal or any premium
or interest need not be made on such date but may be made on the next
succeeding Business Day with the same force and affect as if made on the date
of maturity or the date fixed for redemption, and, in the case of timely
payment thereof, no interest shall accrue for the period from and after such Interest
Payment Date or the date on which the principal of the Security is required to
be paid.

 

SECTION 14.07. TRUST INDENTURE ACT TO CONTROL.  If and to the extent that any provision of
this Indenture limits, qualifies or conflicts with the duties imposed by any of
Sections 310 to 317, inclusive, of the TIA such required provision of the TIA
shall govern.

 

SECTION 14.08. TABLE OF CONTENTS, HEADINGS, ETC.  The table of contents and the titles 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 14.09. EXECUTION IN COUNTERPARTS.  This Indenture may be executed in any number
of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same instrument.

 

SECTION 14.10. MANNER OF MAILING NOTICE TO SECURITY HOLDERS.  Any notice or demand which by any provision
of this Indenture is required or permitted to be given or served by the Trustee
or the Company to or on the Holders of Securities, as the case may be, shall be
given or served by first-class mail, postage prepaid, addressed to the Holders
of such Securities at their last addresses as the same appear on the register
for the Securities referred to in Section 2.06, and any such notice shall be
deemed to be given or served by being deposited in a post office letter box in
the form and manner provided in this Section 14.10.  In case by reason of the suspension of
regular mail service or by reason of any other cause it shall be impracticable
to give notice to any Holder by mail, then such notification to such Holder as
shall be made with the approval of the Trustee shall constitute a sufficient
notification for every purpose hereunder.

 

SECTION 14.11. APPROVAL BY TRUSTEE OF EXPERT OR COUNSEL.  Wherever the Trustee is required to approve
an expert or counsel who is to furnish evidence of compliance with conditions
precedent in this Indenture, such approval by the Trustee shall be deemed to
have been given upon the taking of any action by the Trustee pursuant to and in
accordance with the certificate or opinion so furnished by such expert or
counsel.

 

[This space intentionally left blank]

 

47

 

IN WITNESS WHEREOF, OGE ENERGY CORP. has caused this Indenture to be
signed and acknowledged by one of its Vice Presidents, and attested by its
Secretary, and UMB Bank, N.A. of Missouri has caused this Indenture to be
signed and acknowledged by one of its Vice Presidents, and attested by one of
its Assistant Secretaries, as of the day and year first written above.

 

	
   

  	
  OGE ENERGY CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ James R. Hatfield

  	
   

  
	
  ATTEST:

  	
   

  	
  James R. Hatfield

  Senior Vice President and Chief

  Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Carla D. Brockman

  	
   

  	
   

  
	
   

  	
  Carla
  D. Brockman, Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  UMB BANK, N.A., as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Anthony P. Hawkins

  	
   

  
	
   

  	
   

  	
  Anthony P. Hawkins

  Vice President

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Brent W. Keep

  	
   

  	
   

  
	
   

  	
  Assistant Secretary

  	
   

  
								

 

48

 

EXHIBIT A

 

FORM OF GLOBAL SECURITY

 

	
  REGISTERED

  	
  REGISTERED

  

 

THIS SECURITY IS A GLOBAL SECURITY REGISTERED IN THE NAME OF THE
DEPOSITARY (REFERRED TO HEREIN) OR A NOMINEE THEREOF AND, UNLESS AND UNTIL IT
IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED
HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY
SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY.  UNLESS THIS GLOBAL SECURITY
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”),
A NEW YORK CORPORATION, TO THE TRUSTEE FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND
ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

OGE ENERGY CORP.

 

SECURITY

 

	
  CUSIP:

  	
  NUMBER:

  
	
   

  	
   

  
	
  ORIGINAL ISSUE DATE(S):

  	
  PRINCIPAL AMOUNT(S):

  
	
   

  	
   

  
	
  INTEREST RATE:

  	
  MATURITY DATE:

  

 

OGE ENERGY CORP., a corporation of the State of Oklahoma (the “Company”) for value received hereby promises to pay to Cede
& Co. or registered assigns, the principal sum of

 

DOLLARS

 

on the Maturity
Date set forth above, and to pay interest thereon from the Original Issue Date
(or if this Global Security has two or more Original Issue Dates, interest shall,
beginning on each such Original Issue Date, begin to accrue for that part of
the principal amount to which that Original Issue Date is applicable) set forth
above or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semiannually in arrears on the                

 

A-1

 

and                
in each year, commencing on the first such Interest Payment Date succeeding the
applicable Original Issue Date set forth above, at the per annum Interest Rate
set forth above, until the principal hereof is paid or made available for
payment.  No interest shall accrue on the
Maturity Date, so long as the principal amount of this Global Security is paid
on the Maturity Date. The interest so payable and punctually paid or duly
provided for on any such Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this Security is registered at
the close of business on the Regular Record Date for such interest, which shall
be the                
or                ,
as the case may be, next preceding such Interest Payment Date; provided, that
the first Interest Payment Date for any part of this Security, the Original
Issue Date of which is after a Regular Record Date but prior to the applicable
Interest Payment Date, shall be the Interest Payment Date following the next
succeeding Regular Record Date; and provided, that interest payable on the
Maturity Date set forth above or, if applicable, upon redemption or
acceleration, shall be payable to the Person to whom principal shall be
payable.  Except as otherwise provided in
the Indenture (as defined below), any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such
Regular Record Date and shall be paid to the Person in whose name this Security
is registered at the close of business on a Special Record Date for the payment
of such defaulted interest to be fixed by the Trustee, notice whereof shall be
given to Security holders not more than fifteen days or fewer than ten days
prior to such Special Record Date.  On or
before 10:00 a.m., New York City time, or such other time as shall be agreed
upon between the Trustee and the Depositary, of the day on which such payment
of interest is due on this Global Security (other than maturity), the Trustee
shall pay solely from moneys provided by the Company to the Depositary such
interest in same day funds.  On or before
10:00 a.m., New York City time, or such other time as shall be agreed upon
between the Trustee and the Depositary, of the day on which principal, interest
payable at maturity and premium, if any, is due on this Global Security, the
Trustee shall deposit solely from moneys provided by the Company with the
Depositary the amount equal to the principal, interest payable at maturity and
premium, if any, by wire transfer into the account specified by the
Depositary.  As a condition to the
payment, on the Maturity Date or upon redemption or acceleration, of any part
of the principal and applicable premium of this Global Security, the Depositary
shall surrender, or cause to be surrendered, this Global Security to the
Trustee, whereupon a new Global Security shall be issued to the Depositary.

 

This Global Security is a global security in respect of a duly
authorized issue of Debt Securities (the “Securities of this Series”,
which term includes any Global Securities representing such Securities) of the
Company issued and to be issued under an Indenture dated as of November 1, 2004
between the Company and UMB Bank, N.A., as trustee (herein called the “Trustee”, which term includes any successor Trustee under
the Indenture) and indentures supplemental thereto (collectively, the “Indenture”).  Under
the Indenture, one or more series of debt securities may be issued and, as used
herein, the term “Securities” refers to the Securities of this Series and any
other outstanding series of Securities. 
Reference is hereby made for a more complete statement of the respective
rights, limitations of rights, duties and immunities under the Indenture of the
Company, the Trustee and the Security holders and of the terms upon which the
Securities are and are to be authenticated and delivered.  This Global Security has been issued in
respect of the series designated on the first page hereof, limited in aggregate
principal amount to $                  .

 

A-2

 

Each Security of this Series shall be dated and issued as of the date
of its authentication by the Trustee and shall bear an Original Issue Date or
Dates. Each Security or Global Security issued upon transfer, exchange or
substitution of such Security or Global Security shall bear the Original Issue
Date or Dates of such transferred, exchanged or substituted Security or Global
Security, as the case may be.

 

[As applicable, one of the following two sentences:  This Global Security may not be redeemed
prior to                      ,
                     .
This Global Security is not redeemable prior to the Maturity Date set forth on
the first page hereof.) [If applicable: 
On or after                  ,
20    , this Global Security is redeemable in whole or in
part in increments of $1,000 (provided that any remaining principal amount of
this Global Security shall be at least $                 )
at the option of the Company at the following redemption prices (expressed as a
percentage of the principal amount to be redeemed) plus accrued interest to the
redemption date:

 

	
  Redemption
  Periods

  	
   

  	
  Redemption
  Prices

  
	
   

  	
   

  	
   

  

 

Notice of
redemption will be given by mail to Holders of Securities of this Series not
less than 30 or more than 60 days prior to the date fixed for redemption, all
as provided in the Indenture.  In the
event of redemption of this Global Security in part only, a new Global Security
or Securities of like tenor and series for the unredeemed portion hereof will
be issued in the name of the Security holder hereof upon the surrender hereof.]

 

Interest payments for this Global Security shall be computed and paid
on the basis of a 360-day year of twelve 30-day months.  In any case where any Interest Payment Date
or date on which the principal of this Global Security is required to be paid
is not a Business Day, then payment of principal, premium or interest need not
be made on such date but may be made on the next succeeding Business Day with
the same force and effect as if made on such Interest Payment Date or date on
which the principal of this Global Security is required to be paid and, in the
case of timely payment thereof, no interest shall accrue for the period from
and after such Interest Payment Date or the date on which the principal of this
Global Security is required to be paid.

 

The Company, at its option, and subject to the terms and conditions
provided in the Indenture, will be discharged from any and all obligations in
respect of the Securities (except for certain obligations including obligations
to register the transfer or exchange of Securities, replace stolen, lost or mutilated
Securities, maintain paying agencies and hold monies for payment in trust, all
as set forth in the Indenture) if the Company deposits with the Trustee money,
U.S. Government Obligations which through the payment of interest thereon and
principal thereof in accordance with their terms will provide money, or a
combination of money and U.S. Government Obligations, in any event in an amount
sufficient, without reinvestment, to pay all the principal of and any premium
and interest on the Securities on the dates such payments are due in accordance
with the terms of the Securities.

 

If an Event of Default shall occur and be continuing, the principal of
the Securities may be declared due and payable in the manner and with the
effect provided in the Indenture.

 

A-3

 

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modifications of the rights and obligations of the
Company and the rights of the Security holders under the Indenture at any time
by the Company and the Trustee with the consent of the Holders of not less than
a majority in principal amount of the outstanding Securities.  Any such consent or waiver by the Holder of
this Global Security shall be conclusive and binding upon such Holder and upon
all future Holders of this Global Security and of any Security issued upon the
registration of transfer hereof or in exchange therefor or in lieu thereof
whether or not notation of such consent or waiver is made upon the Security.

 

As set forth in and subject to the provisions of the Indenture, no
Holder of any Securities will have any right to institute any proceeding with
respect to the Indenture or for any remedy thereunder unless such Holder shall
have previously given to the Trustee written notice of a continuing Event of
Default with respect to such Securities, the Holders of not less than a
majority in principal amount of the outstanding Securities affected by such
Event of Default shall have made written request and offered reasonable
indemnity to the Trustee to institute such proceeding as Trustee and the
Trustee shall have failed to institute such proceeding within 60 days;
provided, however, that such limitations do not apply to a suit instituted by
the Holder hereof for the enforcement of payment of the principal of and any
premium or interest on this Security on or after the respective due dates
expressed here.

 

No reference herein to the Indenture and to provisions of this Global
Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any
premium and interest on this Global Security at the times, places and rates and
the coin or currency prescribed in the Indenture.

 

As provided in the Indenture and subject to certain limitations therein
set forth, this Global Security may be transferred only as permitted by the
legend hereto.

 

If at any time the Depositary for this Global Security notifies the
Company that it is unwilling or unable to continue as Depositary for this
Global Security or if at any time the Depositary for this Global Security shall
no longer be eligible or in good standing under the Securities Exchange Act of
1934, as amended, or other applicable statute or regulation, the Company shall
appoint a successor Depositary with respect to this Global Security.  If a successor Depositary for this Global
Security is not appointed by the Company within 90 days after the Company
receives such notice or becomes aware of such ineligibility, the Company’s
election to issue this Security in global form shall no longer be effective
with respect to this Global Security and the Company will execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of
individual Securities of this Series in exchange for this Global Security, will
authenticate and deliver individual Securities of this Series of like tenor and
terms in definitive form in an aggregate principal amount equal to the
principal amount of this Global Security.

 

The Company may at any time and in its sole discretion determine that
all Securities of this Series (but not less than all) issued or issuable in the
form of one or more Global Securities need not be represented by such Global Security
or Securities.  In such event, the
Company shall execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of individual Securities of this Series in exchange
for such Global Security, shall authenticate and

 

A-4

 

deliver, individual Securities of this Series of like
tenor and terms in definitive form in an aggregate principal amount equal to
the principal amount of such Global Security or Securities in exchange for such
Global Security or Securities.

 

Under certain circumstances specified in the Indenture, the Depositary
may be required to surrender any two or more Global Securities which have
identical terms (but which may have differing Original Issue Dates) to the
Trustee, and the Company shall execute and the Trustee shall authenticate and
deliver to, or at the direction of, the Depositary a Global Security in
principal or amount equal to the aggregate principal amount of and with all
terms identical to, the Global Securities surrendered thereto and that shall
indicate all Original Issue Dates and the principal amount applicable to each
such Original Issue Date.

 

The Indenture and the Securities shall be governed by, and construed in
accordance with, the laws of the State of Oklahoma.

 

Unless the certificate of authentication hereon has been executed by
the Trustee, directly or through an Authenticating Agent by manual signature of
an authorized signatory, this Global Security shall not be entitled to any
benefit under the Indenture or be valid or obligatory for any purpose.

 

All terms used in this Global Security which are defined in the
Indenture shall have the meanings assigned to them in the Indenture unless
otherwise indicated herein.

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

 

	
   

  	
   

  	
  OGE ENERGY CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attest:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TRUSTEE’S CERTIFICATE
  OF

  AUTHENTICATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  This Security is one of the Securities of the series
  herein designated, described or provided for in the with-in-mentioned
  Indenture.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  UMB BANK, N.A., as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Authorized
  Signatory

  	
   

  	
   

  
	
   

  	
   

  	
   

  
								

 

A-5

 

ABBREVIATIONS

 

The following
abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	
  TEN COM — as tenants in common

  	
  UNIF GIFT

  
	
   

  	
  MIN ACT —

  	
   

  	
  Custodian

  	
   

  	
   

  
	
   

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  	
   

  
	
  TEN ENT — as tenants by the entireties

  	
  Under Uniform Gifts to Minors

  
	
   

  	
   

  
	
  JT TEN — as joint tenants with right of survivorship
  and not as tenants in common

  	
   

  
	
   

  	
   

  
	
   

  	
  State

  
	
   

  	
   

  
	
   

  	
   

  
	
  Additional
  abbreviations may also be used 

  though not in the above list.

  
	
   

  	
   

  
	
   

  	
   

  
	
  FOR VALUE RECEIVED the
  undersigned hereby sell(s), 

  assign(s) and transfer(s) unto

  
	
   

  	
   

  
	
  PLEASE INSERT SOCIAL SECURITY OR OTHER 

  IDENTIFYING NUMBER OF ASSIGNEE

  	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
  Please print or
  typewrite name and address 

  including postal zip code of assignee

  
	
   

  	
   

  
	
  the within debt
  security and all rights thereunder, hereby irrevocably constituting and
  appointing           attorney to
  transfer said debt security on the books of the Company, with full power of
  substitution in the premises.

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
  NOTICE: The signature
  to this assignment must correspond with the name as written upon the face of
  the within instrument in every particular, without alteration or enlargement
  or any change whatever.

  
	
   

  	
   

  
	
   

  	
  Signature Guaranteed:

  
									

 

A-6

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NOTICE: 
  Signature(s) must be guaranteed by an institution which is a
  participant in the Securities Transfer Medallion Program (“STAMP”) or similar
  program.

  

 

A-7

 

EXHIBIT
B

 

FORM OF SECURITY

 

	
  REGISTERED

  	
  REGISTERED

  

 

OGE ENERGY CORP.

 

SECURITY

 

	
  CUSIP:

  	
  NUMBER: R-

  
	
   

  	
   

  
	
  ORIGINAL ISSUE DATE(S):

  	
  PRINCIPAL AMOUNT(S):

  
	
   

  	
   

  
	
  INTEREST RATE:

  	
  MATURITY DATE:

  

 

OGE ENERGY CORP., a corporation of the State of Oklahoma (the “Company”), for value received hereby promises to pay to                                                                          
or registered assigns, the principal sum of

 

DOLLARS

 

on the Maturity
Date set forth above, and to pay interest thereon from the Original Issue Date set
forth above or from the most recent date to which interest has been paid or
duly provided for, semiannually in arrears on                 
and                   
in each year, commencing on the first such Interest Payment Date succeeding the
Original Issue Date set forth above, at the per annum Interest Rate set forth
above, until the principal hereof is paid or made available for payment.  No interest shall accrue on the Maturity
Date, so long as the principal amount of this Security is paid in full on the
Maturity Date.  The interest so payable
and punctually paid or duly provided for on any such Interest Payment Date
will, as provided in the Indenture (as defined below), be paid to the Person in
whose name this Security is registered at the close of business on the Regular
Record Date for such interest, which shall be the                   
or                   ,
as the case may be, next preceding such Interest Payment Date; provided that
the first Interest Payment Date for any Security, the Original Issue Date of
which is after a Regular Record Date but prior to the applicable Interest
Payment Date, shall be the Interest Payment Date following the next succeeding
Regular Record Date; and provided, that interest payable on the Maturity Date
set forth above or, if applicable, upon redemption or acceleration, shall be
payable to the Person to whom principal shall be payable.  Except as otherwise provided in the Indenture
(referred to on the reverse hereof), any such interest not so punctually paid
or duly provided for will forthwith cease to be payable to the Holder on such
Regular Record Date and shall be paid to the Person in whose name this Security
is registered at the close of business on a Special Record Date for the payment
of such defaulted interest to be fixed by the Trustee, notice whereof shall be
given to Security holders not more than fifteen days nor fewer than ten days
prior to such Special Record Date. 
Principal, applicable premium and interest due at the maturity of this
Security shall be payable in immediately available funds when due upon
presentation and surrender of this Security at the corporate trust office of
the Trustee or at the authorized office of any paying agent in the Borough of
Manhattan, the City and State of New York. 
Interest on this Security (other than interest payable at maturity)
shall be paid by check or draft in clearinghouse funds to the Holder as its
name appears on the register; provided, that if the Trustee receives a written
request

 

B-1

 

from any Holder of
Securities (as defined below), the aggregate principal amount of all of which
having the same Interest Payment Date as this Security equals or exceeds
$10,000,000, on or prior to the applicable Regular Record Date, interest shall
be paid by electronic transfer in immediately available funds to a bank within
the continental United States designated by such Holder in its request, which
request must be signed by such Holder and shall contain the name of the bank to
which the funds are to be transferred, the bank’s address, the bank’s ABA
routing number and the account number to which credit is to be made.

 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET
FORTH IN FULL ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL
PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH IN FULL AT THIS PLACE.

 

Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof, directly or through an
Authenticating Agent by manual signature of an authorized signatory, this
Security shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose.

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

 

	
   

  	
   

  	
  OGE ENERGY CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attest:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TRUSTEE’S CERTIFICATE
  OF

  AUTHENTICATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  This Security is one of the Securities of the series
  herein designated, described or provided for in the with-in-mentioned
  Indenture.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  UMB BANK, N.A., as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Authorized
  Signatory

  	
   

  	
   

  
									

 

B-2

 

[FORM OF REVERSE OF SECURITY] 

OGE ENERGY CORP.

SECURITY

 

This Security is one of a duly authorized issue of Securities (the “Securities of this Series”) of the Company issued and to be
issued under an Indenture dated as of November 1, 2004, between the Company and
UMB BANK, N.A., as trustee (herein called the “Trustee”,
which term includes any successor Trustee under the Indenture) and indentures
supplemental thereto (collectively, the “Indenture”).  Under the Indenture, one or more series of
debt securities may be issued and, as used herein, the term “Securities” refers
to the Securities of this Series and any other outstanding series of
Securities.  Reference is hereby made for
a more complete statement of the respective rights, limitations of rights,
duties and immunities under the Indenture of the Company, the Trustee and the
Security holders and of the terms upon which the Securities are and are to be
authenticated and delivered.  This
Security is one of the series designated on the face hereof; limited in
aggregate principal amount to $                    .

 

[As applicable, one of the following two sentences:  This Security may not be redeemed prior to                 ,
20    .  This
Security is not redeemable prior to the Maturity Date set forth on the face
hereof.) [If applicable:  On or after             ,
                ,
this Security is redeemable in whole or in part in increments of $1,000
(provided that any remaining principal amount of this Security shall be at
least $1,000) at the option of the Company at the following redemption prices
(expressed as a percentage of the principal amount to be redeemed) plus accrued
interest to the redemption date:

 

	
  Redemption Periods

  	
   

  	
  Redemption Prices

  
	
   

  	
   

  	
   

  

 

Notice of
redemption will be given by mail to Holders of Securities of this Series not
less than 30 or more than 60 days prior to the date fixed for redemption, all
as provided in the Indenture. In the event of redemption of this Security in
part only, a new Security or Securities of this Series of like tenor for the
unredeemed portion hereof will be issued in the name of the Security holder
hereof upon the surrender hereof.]

 

Interest payments for this Security shall be computed and paid on the
basis of a 360-day year of twelve 30-day months.  In any case where any Interest Payment Date
or the date on which the principal of this Security is required to be paid is
not a Business Day, then payment of principal, premium or interest need not be
made on such date but may be made on the next succeeding Business Day with the
same force and effect as if made on such Interest Payment Date or the date on
which the principal of this Security is required to be paid, and, in the case
of timely payment thereof; no interest shall accrue for the period from and
after such Interest Payment Date or the date on which the principal of this
Security is required to be paid.

 

The Company, at its option, and subject to the terms and conditions
provided in the Indenture, will be discharged from any and all obligations in
respect of the Securities (except for certain obligations including obligations
to register the transfer or exchange of Securities, replace stolen, lost or
mutilated Securities, maintain paying agencies and hold monies for payment in
trust, all as set forth in the Indenture) if the Company deposits with the
Trustee money, U.S. Government Obligations which through the payment of
interest thereon and principal thereof in

 

B-3

 

accordance with their terms will provide money, or a
combination of money and U.S. Government Obligations, in any event in an amount
sufficient, without reinvestment, to pay all the principal of and any premium
and interest on the Securities on the dates such payments are due in accordance
with the terms of the Securities.

 

If an Event of Default shall occur and be continuing, the principal of
the Securities may be declared due and payable in the manner and with the
effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modifications of the rights and obligations of the
Company and the rights of the Security holders under the Indenture at any time
by the Company and the Trustee with the consent of the Holders of not less than
a majority in principal amount of the outstanding Securities.  Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all
future Holders of this Security and of any Security issued upon the
registration of transfer hereof or in exchange therefor in lieu thereof whether
or not notation of such consent or waiver is made upon the Security.

 

As set forth in and subject to the provisions of the Indenture, no
Holder of any Securities will have any right to institute any proceeding with
respect to the Indenture or for any remedy thereunder unless such Holder shall
have previously given to the Trustee written notice of a continuing Event of
Default with respect to such Securities, the Holders of not less than a
majority in principal amount of the outstanding Securities affected by such
Event of Default shall have made written request and offered reasonable
indemnity to the Trustee to institute such proceeding as Trustee and the
Trustee shall have failed to institute such proceeding within 60 days;
provided, however, that such limitations do not apply to a suit instituted by
the Holder hereof for the enforcement of payment of the principal of and any
premium or interest on this Security on or after the respective due dates
expressed here.

 

No reference herein to the Indenture and to provisions of this Security
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of and any premium and
interest on this Security at the times, places and rates and the coin or
currency prescribed in the Indenture.

 

As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable in the Security
register.  Upon surrender of this
Security for registration or transfer at the corporate trust office of the
Trustee or such other office or agency as may be designated by the Company in
the Borough of Manhattan, the City and State of New York, endorsed by or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security registrar, duly executed by the Holder hereof or the
attorney in fact of such Holder duly authorized in writing, one or more new
Securities of this Series of like tenor and of authorized denominations and for
the same aggregate principal amount will be issued to the designated transferee
or transferees.

 

The Securities of this Series are issuable only in registered form,
without coupons, in denominations of $1,000 and any integral multiple
thereof.  As provided in the Indenture
and subject to certain limitations therein set forth, Securities of this Series
are exchangeable for a like

 

B-4

 

aggregate principal amount of Securities of this
Series of like tenor and of a different authorized denomination, as requested
by the Holder surrendering the same.

 

No service charge shall be made for any such registration of transfer
or exchange but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

 

Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered on the register maintained
by the Trustee as provided in the Indenture as the owner thereof for all
purposes, whether or not this Security is overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

 

The Indenture and the Securities shall be governed by, and construed in
accordance with, the laws of the State of Oklahoma

 

All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

 

B-5

 

ABBREVIATIONS

 

The following
abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	
  TEN COM — as tenants in common

  	
  UNIF GIFT

  
	
   

  	
  MIN ACT — 

  	
   

  	
  Custodian

  	
   

  	
   

  
	
   

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  	
   

  
	
  TEN ENT — as tenants by the entireties

  	
  Under Uniform Gifts to Minors

  
	
   

  	
   

  
	
  JT TEN — as joint tenants with right of survivorship
  and not as tenants in common

  	
   

  
	
   

  	
   

  
	
   

  	
  State

  
	
   

  	
   

  
	
   

  	
   

  
	
  Additional
  abbreviations may also be used 

  though not in the above list.

  
	
   

  	
   

  
	
   

  	
   

  
	
  FOR VALUE RECEIVED the
  undersigned hereby sell(s), 

  assign(s) and transfer(s) unto

  
	
   

  	
   

  
	
  PLEASE INSERT
  SOCIAL SECURITY OR OTHER 

  IDENTIFYING NUMBER OF ASSIGNEE

  	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
  Please print or
  typewrite name and address 

  including postal zip code of assignee

  
	
   

  	
   

  
	
  the within debt
  security and all rights thereunder, hereby irrevocably constituting and
  appointing
                    
  attorney to transfer said debt security on the books of the Company, with
  full power of substitution in the premises.

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  
	 
	
   

  	
  NOTICE: The signature
  to this assignment must correspond with the name as written upon the face of
  the within instrument in every particular, without alteration or enlargement
  or any change whatever.

  
	 
	
   

  	
   

  
	 
	
   

  	
  Signature Guaranteed:

  
										

 

B-6

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NOTICE: 
  Signature(s) must be guaranteed by an institution which is a
  participant in the Securities Transfer Medallion Program (“STAMP”) or similar
  program

  

 

B-7Exhibit 4.02

 

SUPPLEMENTAL INDENTURE NO. 1

 

FROM

 

OGE ENERGY CORP.

 

TO

 

UMB BANK, N.A.

 

TRUSTEE

 

 

DATED AS OF

 

NOVEMBER
9, 2004

 

SUPPLEMENTAL TO INDENTURE

DATED AS OF NOVEMBER 1, 2004

 

 

TABLE OF CONTENTS

 

	
  Parties

  	
   

  	
   

  
	
  Recitals

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE ONE.

  	
  RELATION TO INDENTURE; DEFINITIONS

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Section 1.01.

  	
  Integral Part of Indenture

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 1.02.

  	
  Definitions; References to Articles and
  Sections; Terms referring to this Supplemental Indenture

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE TWO.

  	
  SECURITIES

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 2.01.

  	
  Designation and Principal Amount

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 2.02.

  	
  Stated Maturity Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 2.03.

  	
  Interest Payment Dates

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 2.04.

  	
  Office for Payment

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 2.05.

  	
  Redemption Provisions

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 2.06.

  	
  Authorized Denominations

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 2.07.

  	
  Form of 5.00% Senior Notes, Series due
  November 15, 2014

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE THREE.

  	
  MISCELLANEOUS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 3.01.

  	
  Recitals of fact, except as stated, are
  statements of the Company

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 3.02.

  	
  Supplemental Indenture to be construed as
  a part of the Indenture

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 3.03.

  	
  Trust Indenture Act to control; Severability
  of provisions contained in Supplemental Indenture and Securities

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 3.04.

  	
  References to either party in Supplemental
  Indenture include successors or assigns

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Section 3.05.

  	
  Provision for execution in counterparts;
  Table of Contents and descriptive headings of Articles not to affect meaning

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Exhibit A – Form of Security

  	
   

  
						

 

 

SUPPLEMENTAL INDENTURE
No. 1 made as of the 9th day of November, by and between OGE ENERGY CORP.,
a corporation duly organized and existing under the laws of the State of
Oklahoma (the “Company”), and UMB BANK, N.A., a national banking association,
as trustee (the “Trustee”):

 

WITNESSETH:

 

WHEREAS, the Company has
heretofore executed and delivered its Indenture (hereinafter referred to as the
“Indenture”), made as of November 1, 2004; and

 

WHEREAS, Section 2.05 of
the Indenture provides that debt securities shall be issued in series and that
a Company Order shall specify the terms of each series; and

 

WHEREAS, the Company has
this day delivered a Company Order setting forth the terms of a series of debt
securities designated “5.00% Senior Notes, Series due November 15, 2014”
(hereinafter sometimes referred to as the “Securities”); and

 

WHEREAS, Section 12.01 of
the Indenture provides that the Company and the Trustee may enter into
indentures supplemental thereto for the purposes, among others, of establishing
the form of debt securities or establishing or reflecting any terms of any debt
security and adding to the covenants of the Company; and

 

WHEREAS, the execution
and delivery of this Supplemental Indenture No. 1 (herein, “this Supplemental
Indenture”) have been duly authorized by a resolution adopted by the Board of
Directors of the Company;

 

NOW, THEREFORE, THIS
INDENTURE WITNESSETH:

 

That in order to set
forth the terms and conditions upon which the Securities are, and are to be,
authenticated, issued and delivered, and in consideration of the premises of
the purchase and acceptance of the Securities by the Holders thereof and the
sum of one dollar duly paid to it by the Trustee at the execution of this
Supplemental Indenture, the receipt whereof is hereby acknowledged, the Company
covenants and agrees with the Trustee for the equal and proportionate benefit
of the respective Holders from time to time of the Securities, as follows:

 

ARTICLE ONE.

RELATION TO INDENTURE; DEFINITIONS

 

SECTION 1.01.      Integral
Part of Indenture.  This Supplemental
Indenture constitutes an integral part of the Indenture.

 

SECTION 1.02.      Definitions;
References to Articles and Sections; Terms referring to this Supplemental
Indenture.  For all purposes of this
Supplemental Indenture:

 

(a)   Capitalized terms used herein without
definition shall have the meanings specified in the Indenture;

 

 

(b)   All references herein to Articles and
Sections, unless otherwise specified, refer to the corresponding Articles and
Sections of this Supplemental Indenture; and

 

(c)   The terms “hereof,” “herein,” “hereby,” “hereto,”
“hereunder” and “herewith” refer to this Supplemental Indenture.

 

ARTICLE TWO.

SECURITIES

 

SECTION 2.01.      Designation
and Principal Amount.  There shall be
a series of debt securities designated the “5.00% Senior Notes, Series due
November 15, 2014” (the “Securities”). 
The Securities shall be limited to $100,000,000 aggregate principal
amount.

 

SECTION 2.02.      Stated
Maturity Date.  Except as otherwise
provided in Section 2.05 hereof, the principal amount of the Securities
shall be payable on the stated maturity date of November 15, 2014.

 

SECTION 2.03.      Interest
Payment Dates.  The Securities shall
be dated their date of authentication as provided in the Indenture and shall
bear interest from their date at the rate of 5.00% per annum payable
semi-annually on May 15 and November 15 of each year, commencing May 15,
2005.  The Regular Record Dates with
respect to such May 15, and November 15 interest payment dates shall be the May
1 and November 1, respectively, immediately preceding such interest
payment dates.  Principal, premium, if
any, and interest shall be payable to the persons and in the manner provided in
Sections 2.04 and 2.12 of the Indenture.

 

SECTION 2.04.      Office
for Payment.  The Securities shall be
payable at the corporate trust office of the Trustee and at the offices of such
paying agents as the Company may appoint by Company Order in the future.

 

SECTION 2.05.      Redemption
Provisions.  The Company, at its
option, may redeem on any date all or, from time to time, any part of the
Securities, upon notice as provided in the Indenture, at a redemption price
equal to the greater of (i) 100% of the principal amount of such Securities to
be redeemed and (ii) the sum of the present values of the remaining scheduled
payments of principal and interest thereon from and after the date of
redemption discounted to the redemption date on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20
basis points, plus in each case accrued and unpaid interest thereon to the date
of redemption as calculated by an Independent Investment Banker.

 

“Treasury Rate” means,
with respect to any redemption date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage
of its principal amount) equal to the Comparable Treasury Price for such
redemption date.

 

“Comparable Treasury
Issue” means the United States Treasury security selected by an Independent
Investment Banker as having a maturity comparable to the remaining term of the
Securities to be redeemed that would be utilized, at the time of selection and
in accordance with

 

2

 

customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of such
Securities.

 

“Independent Investment
Banker” means one of the Reference Treasury Dealers appointed by the Trustee
after consultation with the Company.

 

“Comparable Treasury
Price “ means, with respect to any redemption date, (i) the average of the four
Reference Treasury Dealer Quotations for such redemption date, after excluding
the highest and lowest Reference Treasury Dealer Quotations or (ii) if the
Independent Investment Banker obtains fewer than four such Reference Treasury
Dealer Quotations, the average of all such quotations.

 

“Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and
any date of determination, the average, as determined by the Independent
Investment Banker, of the bid and asked prices of the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker by such Reference Treasury Dealer
at 5:00 p.m., New York City time, on the third business day preceding such
redemption date.

 

“Reference Treasury
Dealer” means (i) each of Citigroup Global Markets Inc, Lehman Brothers Inc.
and Greenwich Capital Markets, Inc., and their respective successors; provided,
however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in New York City (a “Primary Treasury Dealer”),
the Company shall substitute therefor another Primary Treasury Dealer and (ii)
any other Primary Treasury Dealers selected by the Company.

 

The Securities shall not
be subject to any sinking fund.

 

SECTION 2.06.      Authorized
Denominations.  The Securities shall
be issued in fully registered form without coupons in denominations of $1,000
and integral multiples thereof.

 

SECTION 2.07.      Form
of 5.00% Senior Notes, Series due November 15, 2014.  The Securities shall initially be in the form
attached as Exhibit A hereto.

 

ARTICLE THREE.

MISCELLANEOUS

 

SECTION 3.01.      Recitals
of fact, except as stated, are statements of the Company.  The recitals of fact herein and in the
Securities (except the Trustee’s Certificate) shall be taken as statements of
the Company and shall not be construed as made by the Trustee.

 

SECTION 3.02.      Supplemental
Indenture to be construed as a part of the Indenture.  This Supplemental Indenture shall be
construed in connection with and as a part of the Indenture.

 

3

 

SECTION 3.03.      Trust
Indenture Act to control; Severability of provisions contained in Supplemental
Indenture and Securities.

 

(a)           If any provision of this Supplemental
Indenture limits, qualifies, or conflicts with another provision of the
Indenture required to be included in indentures qualified under the Trust Indenture
Act of 1939 (as enacted prior to the date of this Supplemental Indenture) by
any of the provisions of Sections 310 to 317, inclusive, of said Act, such
required provisions shall control.

 

(b)           In case any one or more of the
provisions contained in this Supplemental Indenture or in the debt securities
issued hereunder should be invalid, illegal, or unenforceable in any respect,
the validity, legality and enforceability of the remaining provisions contained
herein and therein shall not in any way be affected, impaired, prejudiced or
disturbed thereby.

 

SECTION 3.04.      References
to either party in Supplemental Indenture include successors or assigns.  Whenever in this Supplemental Indenture
either of the parties hereto is named or referred to, this shall be deemed to
include the successors or assigns of such party, and all the covenants and
agreements in this Supplemental Indenture contained by or on behalf of the
Company or by or on behalf of the Trustee shall bind and inure to the benefit
of the respective successors and assigns of such parties, whether so expressed
or not.

 

SECTION 3.05.      Provision
for execution in counterparts; Table of Contents and descriptive headings of
Articles not to affect meaning.

 

(a)           This Supplemental Indenture may be
simultaneously executed in several counterparts, and all said counterparts
executed and delivered, each as an original, shall constitute but one and the
same instrument.

 

(b)           The Table of Contents and the
descriptive headings of the several Articles of this Supplemental Indenture
were formulated, used and inserted in this Supplemental Indenture for
convenience only and shall not be deemed to affect the meaning or construction
of any of the provisions hereof.

 

[This space
intentionally left blank]

 

4

 

IN WITNESS WHEREOF, OGE
ENERGY CORP. has caused this Supplemental Indenture to be signed by its
President or a Vice President, and attested by its Secretary or an Assistant
Secretary, and UMB BANK, N.A. has caused this Supplemental Indenture to be
signed by its President or Vice President, and attested by an Assistant
Secretary, this 10th day of
November, 2004.

 

	
   

  	
  OGE
  ENERGY CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  James R. Hatfield

  	
   

  
	
   

  	
   

  	
  James
  R. Hatfield

  
	
   

  	
   

  	
  Senior
  Vice President and Chief

  
	
   

  	
   

  	
  Financial
  Officer

  
	
   

  	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Carla D. Brockman

  	
   

  	
   

  
	
   

  	
  Carla D. Brockman

  	
   

  
	
   

  	
  Secretary

  	
   

  
	
   

  	
  UMB BANK, N.A., as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Anthony P. Hawkins

  	
   

  
	
   

  	
   

  	
  Anthony
  P. Hawkins

  
	
   

  	
   

  	
  Vice
  President

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Brent W. Keep

  	
   

  	
   

  
	
   

  	
  Assistant Secretary

  	
   

  
											

 

5

 

EXHIBIT A

 

FORM OF SECURITY

 

	
  REGISTERED

  	
  REGISTERED

  

 

THIS SECURITY IS A GLOBAL
SECURITY REGISTERED IN THE NAME OF THE DEPOSITARY (REFERRED TO HEREIN) OR A
NOMINEE THEREOF AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY
OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO.
OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
HAS AN INTEREST HEREIN.

 

OGE ENERGY CORP.

 

5.00% SENIOR NOTES, SERIES DUE NOVEMBER 15, 2014

 

	
  CUSIP:

  	
  NUMBER: R-

  
	
   

  	
   

  
	
  ORIGINAL ISSUE DATE(S):

  	
  PRINCIPAL AMOUNT(S):

  
	
   

  	
   

  
	
  INTEREST RATE:

  	
  MATURITY DATE: November 15,
  2014

  

 

OGE ENERGY CORP., a
corporation of the State of Oklahoma (the “Company”), for value received hereby
promises to pay to                
or registered assigns, the principal sum of

$                       

 

on the Maturity Date set forth above, and to pay
interest thereon from the Original Issue Date (or if this Global Security has
two or more Original Issue Dates, interest shall, beginning on each such
Original Issue Date, begin to accrue for that part of the principal amount to
which that

 

6

 

Original Issue Date is applicable) set forth above or
from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semi-annually in arrears on May 15 and November 15 in each
year, commencing on the first such Interest Payment Date succeeding the
applicable Original Issue Date set forth above, at the per annum Interest Rate
set forth above, until the principal hereof is paid or made available for
payment.  No interest shall accrue on the
Maturity Date, so long as the principal amount of this Global Security is paid
on the Maturity Date.  The interest so
payable and punctually paid or duly provided for on any such Interest Payment
Date will, as provided in the Indenture, be paid to the Person in whose name
this Security is registered at the close of business on the Regular Record Date
for such interest, which shall be the May 1 or the November 1, as the
case may be, next preceding such Interest Payment Date; provided that the first
Interest Payment Date for any part of this Security, the Original Issue Date of
which is after a Regular Record Date but prior to the applicable Interest
Payment Date, shall be the Interest Payment Date following the next succeeding
Regular Record Date; and provided that interest payable on the Maturity Date
set forth above or, if applicable, upon redemption, repayment or acceleration,
shall be payable to the Person to whom principal shall be payable.  Except as otherwise provided in the Indenture
(as defined below), any such interest not so punctually paid or duly provided for
shall forthwith cease to be payable to the Holder on such Regular Record Date
and shall be paid to the Person in whose name this Security is registered at
the close of business on a Special Record Date for the payment of such
defaulted interest to be fixed by the Trustee, notice whereof shall be given to
Security holders not more than fifteen days or fewer than ten days prior to
such Special Record Date.  On or before
10:00 a.m., New York City time, or such other time as shall be agreed upon
between the Trustee and the Depositary, of the day on which such payment of
interest is due on this Global Security (other than maturity), the Trustee
shall pay solely from moneys provided by the Company to the Depositary such
interest in same day funds.  On or before
10:00 a.m., New York City time, or such other time as shall be agreed upon
between the Trustee and the Depositary, of the day on which principal, interest
payable at maturity and premium, if any, is due on this Global Security, the
Trustee shall deposit solely from moneys provided by the Company with the
Depositary the amount equal to the principal, interest payable at maturity and
premium, if any, by wire transfer into the account specified by the
Depositary.  As a condition to the
payment, on the Maturity Date or upon redemption, repayment or acceleration, of
any part of the principal and applicable premium of this Global Security, the
Depositary shall surrender, or cause to be surrendered, this Global Security to
the Trustee, whereupon a new Global Security shall be issued to the Depositary.

 

This Global Security is a
global security in respect of a duly authorized issue of 5.00% Senior Notes,
Series due November 15, 2014 (the “Securities of this Series”, which term
includes any Global Securities representing such Securities) of the Company
issued and to be issued under an Indenture dated as of November 1, 2004 between
the Company and UMB Bank, N.A. as trustee (the “Trustee”, which term includes
any successor Trustee under the Indenture) (the “Indenture”).  Under the Indenture, one or more series of
debt securities may be issued and, as used herein, the term “Securities” refers
to the Securities of this Series and any other outstanding series of
Securities.  Reference is hereby made to
the Indenture for a more complete statement of the respective rights,
limitations of rights, duties and immunities under the Indenture of the
Company, the Trustee and the Security holders and of the terms upon which the
Securities are and are to be authenticated and delivered.  This Global Security has been issued in
respect of the series designated on the first page hereof, limited in aggregate
principal amount to $100,000,000.

 

7

 

Each Security of this
Series shall be dated and issued as of the date of its authentication by the
Trustee and shall bear an Original Issue Date or Dates.  Each Security or Global Security issued upon
transfer, exchange or substitution of such Security or Global Security shall
bear the Original Issue Date or Dates of such transferred, exchanged or
substituted Security or Global Security, as the case may be.

 

The Company, at its
option, may redeem on any date all or, from time to time, any part of this
Global Security at a redemption price equal to the greater of (i) 100% of the
principal amount of this Global Security to be redeemed and (ii) the sum of the
present values of the remaining scheduled payments of principal and interest
thereon from and after the date of redemption discounted to the redemption date
on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate plus 20 basis points, plus in each case accrued
and unpaid interest thereon to the date of redemption as calculated by an
Independent Investment Banker.

 

“Treasury Rate” means,
with respect to any redemption date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such
redemption date.

 

“Comparable Treasury
Issue” means the United States Treasury security selected by an Independent
Investment Banker as having a maturity comparable to the remaining term of the
Securities of this Series to be redeemed that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new
issues of corporate debt securities of comparable maturity to the remaining
term of the Securities of this Series.

 

“Independent Investment
Banker” means one of the Reference Treasury Dealers appointed by the Trustee
after consultation with the Company.

 

“Comparable Treasury
Price “ means, with respect to any redemption date, (i) the average of the four
Reference Treasury Dealer Quotations for such redemption date, after excluding
the highest and lowest Reference Treasury Dealer Quotations or (ii) if the
Independent Investment Banker obtains fewer than four such Reference Treasury
Dealer Quotations, the average of all such quotations.

 

“Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and
any date of determination, the average, as determined by the Independent
Investment Banker, of the bid and asked prices of the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker by such Reference Treasury Dealer
at 5:00 p.m., New York City time, on the third business day preceding such
redemption date.

 

“Reference Treasury
Dealer” means (i) each of Citigroup Global Markets Inc, Lehman Brothers Inc.
and Greenwich Capital Markets, Inc., and their respective successors; provided,
however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in New York City (a “Primary Treasury Dealer”),
the Company shall substitute therefor

 

8

 

another Primary Treasury Dealer and (ii) any other
Primary Treasury Dealers selected by the Company.

 

Notice of redemption will
be given by mail to Holders of Securities of this Series not less than 30 or
more than 60 days prior to the date fixed for redemption, all as provided in
the Indenture.  In the event of redemption
of this Global Security in part only, a new Global Security or Securities of
like tenor and series for the unredeemed interest hereof will be issued in the
name of the Security holder hereof upon the surrender hereof.

 

The Securities shall not
be subject to any sinking fund.

 

Interest payments for
this Global Security shall be computed and paid on the basis of a 360-day year
of twelve 30-day months.  If any Interest
Payment Date or date on which the principal of this Global Security is required
to be paid is not a Business Day, then payment of principal, premium or
interest need not be made on such date but may be made on the next succeeding
Business Day with the same force and effect as if made on such Interest Payment
Date or date on which the principal of this Global Security is required to be
paid and, in the case of timely payment thereof, no interest shall accrue for
the period from and after such Interest Payment Date or the date on which the
principal of this Global Security is required to be paid.

 

The Company, at its
option, and subject to the terms and conditions provided in the Indenture, will
be discharged from any and all obligations in respect of the Securities (except
for certain obligations including obligations to register the transfer or exchange
of Securities, replace stolen, lost or mutilated Securities, maintain paying
agencies and hold monies for payment in trust, all as set forth in the
Indenture) if the Company deposits with the Trustee money, U.S. Government
Obligations which through the payment of interest thereon and principal thereof
in accordance with their terms will provide money, or a combination of money
and U.S. Government Obligations, in any event in an amount sufficient, without
reinvestment, to pay all the principal of and any premium and interest on the
Securities on the dates such payments are due in accordance with the terms of
the Securities.

 

If an Event of Default
shall occur and be continuing, the principal of the Securities may be declared
due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the
modifications of the rights and obligations of the Company and the rights of
the Security holders under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of not less than a majority in
principal amount of the outstanding Securities. 
Any such consent or waiver by the Holder of this Global Security shall
be conclusive and binding upon such Holder and upon all future Holders of this
Global Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu thereof whether or not notation of
such consent or waiver is made upon the Security.

 

As set forth in and
subject to the provisions of the Indenture, no Holder of any Securities will
have any right to institute any proceeding with respect to the Indenture or for
any remedy thereunder unless such Holder shall have previously given to the
Trustee written notice of a continuing Event of Default with respect to such
Securities, the Holders of not less than a

 

9

 

majority in principal amount of the outstanding
Securities affected by such Event of Default shall have made written request
and offered reasonable indemnity to the Trustee to institute such proceeding as
Trustee and the Trustee shall have failed to institute such proceeding within
60 days; provided that such limitations do not apply to a suit instituted by
the Holder hereof for the enforcement of payment of the principal of and any
premium or interest on this Security on or after the respective due dates
expressed here.

 

No reference herein to
the Indenture and to provisions of this Global Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the principal of and any premium and interest on this
Global Security at the times, places and rates and the coin or currency
prescribed in the Indenture.

 

As provided in the
Indenture and subject to certain limitations therein set forth, this Global
Security may be transferred only as permitted by the legend hereto.

 

If at any time the
Depositary for this Global Security notifies the Company that it is unwilling
or unable to continue as Depositary for this Global Security or if at any time
the Depositary for this Global Security shall no longer be eligible or in good
standing under the Securities Exchange Act of 1934, as amended, or other
applicable statute or regulation, the Company shall appoint a successor
Depositary with respect to this Global Security.  If a successor Depositary for this Global
Security is not appointed by the Company within 90 days after the Company receives
such notice or becomes aware of such ineligibility, the Company’s election to
issue this Security in global form shall no longer be effective with respect to
this Global Security and the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of individual
Securities of this Series in exchange for this Global Security, will
authenticate and deliver individual Securities of this Series of like tenor and
terms in definitive form in an aggregate principal amount equal to the
principal amount of this Global Security.

 

The Company may at any
time and in its sole discretion determine that all Securities of this Series
(but not less than all) issued or issuable in the form of one or more Global
Securities need not be represented by such Global Security or Securities.  In such event, the Company shall execute, and
the Trustee, upon receipt of a Company Order for the authentication and
delivery of individual Securities of this Series in exchange for such Global Security,
shall authenticate and deliver, individual Securities of this Series of like
tenor and terms in definitive form in an aggregate principal amount equal to
the principal amount of such Global Security or Securities in exchange for such
Global Security or Securities.

 

Under certain
circumstances specified in the Indenture, the Depositary may be required to
surrender any two or more Global Securities which have identical terms (but
which may have differing Original Issue Dates) to the Trustee, and the Company
shall execute and the Trustee shall authenticate and deliver to, or at the
direction of, the Depositary a Global Security in principal amount equal to the
aggregate principal amount of, and with all terms identical to, the Global
Securities surrendered thereto and that shall indicate all Original Issue Dates
and the principal amount applicable to each such Original Issue Date.

 

10

 

The Indenture and the
Securities shall be governed by, and construed in accordance with, the laws of
the State of Oklahoma.

 

Unless the certificate of
authentication hereon has been executed by the Trustee, directly or through an
Authenticating Agent by manual signature of an authorized officer, this Global
Security shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose.

 

All terms used in this
Global Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture unless otherwise indicated herein.

 

 

IN WITNESS WHEREOF, the
Company has caused this instrument to be duly executed.

 

	
   

  	
  OGE ENERGY CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  
	
   

  	
  Secretary

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TRUSTEE’S
  CERTIFICATE

  OF AUTHENTICATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  This Security is one of
  the Securities of the

  series herein designated, described or provided

  for in the within-mentioned Indenture.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  UMB BANK, N.A.,
  as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Authorized
  Signatory

  	
   

  	
   

  
						

 

11

 

ABBREVIATIONS

 

The following abbreviations, when used in the
inscription on the face of this instrument, shall be construed as though they
were written out in full according to applicable laws or regulations.

 

	
  TEN COM — as tenants in
  common

  	
  UNIF GIFT

  
	
   

  	
  MIN ACT — 

  	
   

  	
  Custodian

  	
   

  	
   

  
	
   

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  	
   

  
	
   

  	
   

  
	
  TEN ENT — as tenants by
  the entireties

  	
  Under Uniform Gifts to
  Minors

  
	
   

  	
   

  
	
  JT TEN — as joint
  tenants with right of

  	
   

  	
   

  
	
  survivorship and not as
  tenants in common

  	
  State

  	
   

  
	
   

  	
   

  
	
  Additional
  abbreviations may also be used

  though not in the above list.

  
	
   

  
	
   

  
	
  FOR VALUE
  RECEIVED the undersigned hereby sell(s),

  assign(s) and transfer(s) unto

  
	
   

  
	
  PLEASE INSERT SOCIAL
  SECURITY OR OTHER

  IDENTIFYING NUMBER OF ASSIGNEE

  	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
  Please print or
  typewrite name and address

  including postal zip code of assignee

  
	
   

  
	
   

  
	
   

  	
   

  
	
  the within debt
  security and all rights thereunder, hereby irrevocably constituting and
  appointing            
  attorney to transfer said debt security on the books of the Company, with
  full power of substitution in the premises.

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NOTICE:  The
  signature to this assignment must correspond with the name as written upon
  the face of the within instrument in every particular, without alteration or
  enlargement or any change whatever.

  
										

 

12

 

	
   

  	
   

  
	
   

  	
    Signature
  Guaranteed:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NOTICE:  Signature(s) must be guaranteed by an
  institution which is a participant in the Securities Transfer Medallion
  Program (“STAMP”) or similar program

  

 

13

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