Document:

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                                                                   Exhibit 4.5
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                        L-3 COMMUNICATIONS HOLDINGS, INC.
                                     ISSUER

                                       and

                              THE BANK OF NEW YORK
                                     TRUSTEE

                               ------------------

                                    INDENTURE

                               ------------------

                           DATED AS OF ________, 2002

================================================================================

                         FORM OF L-3 HOLDINGS INDENTURE

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                                                                     Exhibit 4.5

                        L-3 COMMUNICATIONS HOLDINGS, INC.
         Reconciliation and tie between Trust Indenture Act of 1939 and
                     Indenture, dated as of ________, 2002

TRUST INDENTURE ACT SECTION                                   INDENTURE SECTION
---------------------------                                   -----------------

ss.310 (a)(1)........................................           6.09
       (a)(2)........................................           6.09
       (a)(3)........................................           Not Applicable
       (a)(4)........................................           Not Applicable
       (b)...........................................           6.08
                                                                6.10
ss.311 (a)...........................................           6.13(a)
       (b)...........................................           6.13(b)
ss.312 (a)...........................................           7.01
                                                                7.02(a)
       (b)...........................................           7.02(b)
       (c)...........................................           7.02(c)
ss.313 (a)...........................................           7.03(a)
       (b)...........................................           7.03(b)
       (c)...........................................           7.03(a)
                                                                7.03(b)
       (d)...........................................           7.03(c)
ss.314 (a)...........................................           7.04
       (c)(1)........................................           1.02
       (c)(2)........................................           1.02
       (c)(3)........................................           Not Applicable
       (d)...........................................           Not Applicable
       (e)...........................................           1.02
ss.315 (a)...........................................           6.01(a)
       (b)...........................................           6.02
       (c)...........................................           6.01(b)
       (d)...........................................           6.01(c)
       (d)(1)........................................           6.01(c)
       (d)(2)........................................           6.01(c)(2)
       (d)(3)........................................           6.01(c)(3)
       (e)...........................................           5.09
ss.316 (a)...........................................           5.08
       (a)(1)(A).....................................           5.08
       (a)(1)(B).....................................           5.02
                                                                5.08
       (a)(2)........................................           Not Applicable
       (b)...........................................           5.05
ss.317 (a)(1)........................................           5.03
       (a)(2)........................................           5.03
       (b)...........................................           10.03
ss.318 (a)...........................................            1.07

---------------

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

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                                TABLE OF CONTENTS

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PARTIES...........................................................................................................1
RECITALS..........................................................................................................1

ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION...............................................1
           SECTION 1.01. Definitions..............................................................................1
           "Act"..................................................................................................2
           "Affiliate" ...........................................................................................2
           "Authenticating Agent".................................................................................2
           "Board of Directors"...................................................................................2
           "Board Resolution".....................................................................................2
           "Business Day".........................................................................................2
           "Commission"...........................................................................................2
           "Company"..............................................................................................2
           "Company Request" and "Company Order"..................................................................2
           "Corporate Trust Office"...............................................................................2
           "Covenant Defeasance Option"...........................................................................3
           "Default"..............................................................................................3
           "Defaulted Interest"...................................................................................3
           "Discharged"...........................................................................................3
           "Eligible Guarantors"..................................................................................3
           "Event of Default".....................................................................................3
           "Exchange Act".........................................................................................3
           "Global Security"......................................................................................3
           "Guarantee"............................................................................................3
           "Guarantor"............................................................................................3
           "Holder" ..............................................................................................3
           "Indenture"............................................................................................3
           "interest" ............................................................................................3
           "Interest Payment Date"................................................................................3
           "Legal Defeasance Option"..............................................................................3
           "Maturity".............................................................................................4
           "Officer" .............................................................................................4
           "Officers' Certificate"................................................................................4
           "Opinion of Counsel"...................................................................................4
           "Original Issue Discount Security".....................................................................4
           "Outstanding"..........................................................................................4
           "Paying Agent".........................................................................................5
           "Person"      .........................................................................................5
           "Predecessor Security".................................................................................5
           "Redemption Date"......................................................................................5

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           "Redemption Price".....................................................................................5
           "Responsible Officer"..................................................................................5
           "Securities"...........................................................................................5
           "Security Register" and "Security Registrar"...........................................................5
           "Significant Subsidiary"...............................................................................6
           "Special Record Date"..................................................................................6
           "Stated Maturity"......................................................................................6
           "Subsidiary"...........................................................................................6
           "Trustee"..............................................................................................6
           "Trust Indenture Act"..................................................................................6
           "United States"........................................................................................6
           "U.S. Depositary"......................................................................................6
           "U.S. Government Obligations"..........................................................................6
           "Voting Stock".........................................................................................6
           "Yield to Maturity" ...................................................................................6
           SECTION 1.02. Compliance Certificates and Opinions.....................................................7
           SECTION 1.03. Form of Documents Delivered to Trustee...................................................7
           SECTION 1.04. Acts of Holders..........................................................................8
           SECTION 1.05. Notices, etc., to Trustee and Company....................................................8
           SECTION 1.06. Notice to Holders; Waiver................................................................9
           SECTION 1.07. Conflict with Trust Indenture Act........................................................9
           SECTION 1.08. Effect of Headings and Table of Contents.................................................9
           SECTION 1.09. Successors and Assigns...................................................................9
           SECTION 1.10. Separability Clause......................................................................9
           SECTION 1.11. Benefits of Indenture...................................................................10
           SECTION 1.12. Governing Law...........................................................................10
           SECTION 1.13. Legal Holidays..........................................................................10
           SECTION 1.14. Indenture and Securities Solely Corporate Obligations...................................10
           SECTION 1.15. No Security Interest Created............................................................10

ARTICLE TWO    SECURITY FORMS....................................................................................10

           SECTION 2.01. Forms Generally.........................................................................10
           SECTION 2.02. Form of Trustee's Certificate of Authentication.........................................11
           SECTION 2.03. Securities in Global Form...............................................................11

ARTICLE THREE    THE SECURITIES .................................................................................11

           SECTION 3.01. Amount Unlimited; Issuable in Series....................................................11
           SECTION 3.02. Denominations...........................................................................13
           SECTION 3.03. Authentication and Dating...............................................................13
           SECTION 3.04. Execution of Securities.................................................................14
           SECTION 3.05. Exchange and Registration of Transfer of Securities.....................................15
           SECTION 3.06. Mutilated, Destroyed, Lost or Stolen Securities.........................................15
           SECTION 3.07. Temporary Securities....................................................................16

                                                            ii

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           SECTION 3.08. Payment of Interest; Interest Rights Preserved..........................................18
           SECTION 3.09. Persons Deemed Owners...................................................................19
           SECTION 3.10. Cancellation............................................................................19
           SECTION 3.11. Computation of Interest.................................................................19
           SECTION 3.12. CUSIP Numbers...........................................................................20

ARTICLE FOUR    SATISFACTION AND DISCHARGE.......................................................................20

           SECTION 4.01. Satisfaction and Discharge of Indenture.................................................20
           SECTION 4.02. Application of Trust Money..............................................................21

ARTICLE FIVE    REMEDIES.........................................................................................21

           SECTION 5.01. Events of Default.......................................................................21
           SECTION 5.02. Acceleration of Maturity; Rescission and Annulment......................................22
           SECTION 5.03. Payment of Securities on Default; Suit Therefor.........................................24
           SECTION 5.04. Application of Moneys Collected by Trustee..............................................25
           SECTION 5.05. Proceedings by Holders..................................................................26
           SECTION 5.06. Proceedings by Trustee..................................................................26
           SECTION 5.07. Remedies Cumulative and Continuing......................................................26
           SECTION 5.08. Direction of Proceedings and Waiver of Defaults by Majority of Holders..................27
           SECTION 5.09. Undertaking to Pay Costs................................................................27

ARTICLE SIX    THE TRUSTEE ......................................................................................28

           SECTION 6.01. Certain Duties and Responsibilities.....................................................28
           SECTION 6.02. Notice of Defaults......................................................................29
           SECTION 6.03. Certain Rights of Trustee...............................................................29
           SECTION 6.04. Not Responsible for Recitals or Issuance of Securities..................................30
           SECTION 6.05. May Hold Securities.....................................................................31
           SECTION 6.06. Money Held in Trust.....................................................................31
           SECTION 6.07. Compensation and Reimbursement..........................................................31
           SECTION 6.08. Disqualification; Conflicting Interests.................................................32
           SECTION 6.09. Corporate Trustee Required; Eligibility.................................................32
           SECTION 6.10. Resignation and Removal; Appointment of Successor.......................................32
           SECTION 6.11. Acceptance of Appointment by Successor..................................................34
           SECTION 6.12. Merger, Conversion, Consolidation or Succession to Business.............................35
           SECTION 6.13. Preferential Collection of Claims Against Company.......................................35
           SECTION 6.14. Appointment of Authenticating Agent.....................................................38

ARTICLE SEVEN    HOLDER'S LISTS AND REPORTS BY TRUSTEE AND COMPANY...............................................40

           SECTION 7.01. Company to Furnish Trustee Names and Addresses of Holders...............................40
           SECTION 7.02. Preservation of Information:  Communications to Holders.................................40

                                                         iii

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           SECTION 7.03. Reports by Trustee......................................................................41
           SECTION 7.04. Reports by Company......................................................................43

ARTICLE EIGHT    CONSOLIDATION, MERGER, SALE, CONVEYANCE OR LEASE................................................44

           SECTION 8.01. Consolidations and Mergers of Company and Conveyances Permitted Subject to Certain
                         Conditions..............................................................................44
           SECTION 8.02. Rights and Duties of Successor Corporation..............................................44
           SECTION 8.03. Officers' Certificate and Opinion of Counsel............................................45

ARTICLE NINE    SUPPLEMENTAL INDENTURES..........................................................................45

           SECTION 9.01. Supplemental Indentures without Consent of Holders......................................45
           SECTION 9.02. Supplemental Indentures with Consent of Holders.........................................47
           SECTION 9.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures..................48
           SECTION 9.04. Notation on Securities..................................................................48
           SECTION 9.05. Evidence of Compliance of Supplemental Indenture to be Furnished Trustee................48

ARTICLE TEN    COVENANTS   ......................................................................................48

          SECTION 10.01. Payment of Principal and Interest.......................................................48
          SECTION 10.02. Maintenance of Office or Agency.........................................................48
          SECTION 10.03. Money for Security Payments to be Held in Trust.........................................49
          SECTION 10.04. Payment of Taxes and Other Claims.......................................................50
          SECTION 10.05. Maintenance of Properties...............................................................50
          SECTION 10.06. Statement as to Default.................................................................50
          SECTION 10.07. Corporate Existence.....................................................................51
          SECTION 10.08. Waiver of Certain Covenants.............................................................51
          SECTION 10.09. Calculation of Original Issue Discount..................................................51

ARTICLE ELEVEN    REDEMPTION OF SECURITIES.......................................................................51

           SECTION 11.01. Applicability of Article...............................................................51
           SECTION 11.02. Notice of Redemption; Selection of Securities..........................................51
           SECTION 11.03. Payment of Securities Called for Redemption............................................52

ARTICLE TWELVE    SINKING FUNDS..................................................................................53

           SECTION 12.01. Applicability of Article...............................................................53
           SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with Securities........................53
           SECTION 12.03. Redemption of Securities for Sinking Fund..............................................53

ARTICLE THIRTEEN    HOLDERS' MEETINGS............................................................................54

                                                       iv

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           SECTION 13.01. Purposes of Meetings...................................................................54
           SECTION 13.02. Call of Meetings by Trustee............................................................55
           SECTION 13.03. Call of Meetings by Company or Holders.................................................55
           SECTION 13.04. Qualifications for Voting..............................................................55
           SECTION 13.05. Regulations ...........................................................................55
           SECTION 13.06. Voting ................................................................................56
           SECTION 13.07. Revocation by Holders..................................................................57
           SECTION 13.08. No Delay ..............................................................................57
           SECTION 13.09. Action by Holders......................................................................57

ARTICLE FOURTEEN    DEFEASANCE...................................................................................58

           SECTION 14.01. Applicability of Article...............................................................58
           SECTION 14.02. Defeasance Upon Deposit of Moneys or U.S. Government Obligations.......................58
           SECTION 14.03. Deposited Moneys and U.S. Government Obligations to Be Held in Trust...................59
           SECTION 14.04. Repayment to Company...................................................................60

                                                          v
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         FORM OF INDENTURE, dated as of ________, 2002 between L-3
Communications Holdings, Inc., a Delaware corporation (hereinafter called the
"Company"), and The Bank of New York, a New York banking corporation,
(hereinafter called the "Trustee").

                             RECITALS OF THE COMPANY

         WHEREAS, the Company has duly authorized the execution and delivery of
this Indenture to provide for the issuance from time to time of its unsecured
debentures, notes or other evidences of indebtedness to be issued in one or more
series (herein called the "Securities"), as in this Indenture provided, up to
such principal amount or amounts as may from time to time be authorized in or
pursuant to one or more Board Resolutions; and

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

         NOW, THEREFORE, THIS INDENTURE WITNESSETH:

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

                                   ARTICLE ONE

                        DEFINITIONS AND OTHER PROVISIONS
                             OF GENERAL APPLICATION

         SECTION 1.01. Definitions.

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

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

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

              (3) all accounting terms not otherwise defined herein have the
         meanings assigned to them in accordance with generally accepted
         accounting principles, and the term "generally accepted accounting
         principles" with respect to any computation required or permitted
         hereunder shall mean such accounting principles which are generally
         accepted at the date or time of such computation; and

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

         Certain terms, used principally in Article Six, are defined in that
Article.

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                                                                               2

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

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

         "Authenticating Agent" means any authenticating agent appointed by the
Trustee pursuant to Section 6.14.

         "Board of Directors" means the board of directors of the Company or any
duly authorized committee of that board or any director or directors and/or
officer or officers of the Company to whom that board or committee shall have
duly delegated its authority.

         "Board Resolution" means (1) 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, or (2) a certificate signed by the director or directors and/or
officer or officers to whom the Board of Directors or any duly authorized
committee of that board shall have duly delegated its authority, in each case
delivered to the T rustee for the Securities of any series.

         "Business Day" means each Monday, Tuesday, Wednesday, Thursday and
Friday which is not a day on which banking institutions in The City of New York
are authorized or required by law or executive order to be closed.

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

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

         "Company Request" and "Company Order" mean, respectively, a written
request or order signed in the name of the Company by the Chairman of the Board,
the President or a Vice President (any reference to a Vice President of the
Company herein shall be deemed to include any Vice President of the Company
whether or not designated by a number or a word or words added before or after
the title "Vice President"), and by the Chief Financial Officer, Treasurer, an A
ssistant Treasurer, the Controller, an Assistant Controller, the Secretary or an
Assistant Secretary of the Company, and delivered to the Trustee.

         "Corporate Trust Office" of the Trustee means the principal corporate
trust office of the Trustee at which at any particular time its corporate trust
business shall be principally administered, which office as of the date hereof
is located at 101 Barclay Street, Floor 21 West, New York, New York 10286,
Attention: Corporate Trust Administration.

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                                                                               3

         "Covenant Defeasance Option" has the meaning specified in Section
14.02.

         "Default" means an event which is, or after notice or lapse of time or
both would be, an Event of Default.

         "Defaulted Interest" has the meaning specified in Section 3.08.

         "Discharged" has the meaning specified in Section 14.02.

         "Eligible Guarantors" means the Company's domestic Subsidiaries.

         "Event of Default" has the meaning specified in Article Five.

         "Exchange Act" means the Securities Exchange Act of 1934, as amended.

         "Global Security" means a Security evidencing all or part of a series
of Securities, including, without limitation, any temporary or permanent Global
Securities.

         "Guarantee" means each unconditional guarantee by an Eligible Guarantor
of Securities of any series.

         "Guarantor" has the meaning specified in Section 3.01.

         "Holder" means a Person in whose name a Security is registered in the
Security Register.

         "Indenture" means this instrument as originally executed or as it may
from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof,
and shall include the form and terms of particular series of Securities
established as contemplated hereunder; provided, however, that if at any time
more than one Person is acting as Trustee under this instrument, "Indenture"
shall mean with respect to any one or more series of Securities for which such
Person is Trustee, this instrument as originally executed or as it may from time
to time be supplemented or amended by one or more indentures supplemental hereto
entered into pursuant to the applicable provisions hereof and shall include the
terms of particular series of Securities for which such person is Trustee
established as contemplated by Section 3.01, exclusive, however, of any
provisions or terms which relate solely to other series of Securities for which
such Person is not Trustee, regardless of when such terms or provisions were
adopted, and exclusive of any provisions or terms adopted by means of one or
more indentures supplemental hereto executed and delivered after such Person had
become such Trustee but to which such Person, as such Trustee, was not a party.

         "interest" when used with respect to non-interest bearing Securities
means interest payable after Maturity.

         "Interest Payment Date" means the Stated Maturity of an installment of
interest on the Security (in the case of an interest-bearing Security).

         "Legal Defeasance Option" has the meaning specified in Section 14.02.

<PAGE>

                                                                               4

         "Maturity" when used with respect to any Security means the date on
which the principal of such Security becomes due and payable as therein or
herein provided, whether at the Stated Maturity or by declaration of
acceleration, call for redemption or otherwise.

         "Officer" of the Company means the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Financial Officer, the Treasurer,
the Controller, any Vice President or the Secretary of the Company.

         "Officers' Certificate" means a certificate signed by the Chairman of
the Board, the President or a Vice President, and by the Chief Financial
Officer, the Treasurer, an Assistant Treasurer, the Controller, an Assistant
Controller, the Secretary or an Assistant Secretary of the Company, and
delivered to the Trustee.

         "Opinion of Counsel" means a written opinion of counsel, who may
(except as otherwise expressly provided in this Indenture) be counsel for the
Company.

         "Original Issue Discount Security" means any Security which provides
for an amount less than the principal amount thereof to be due and payable upon
a declaration of acceleration of the maturity thereof pursuant to Section 5.02.

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

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

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

              (iii) Securities in exchange for or in lieu of which other
         Securities have been authenticated and delivered pursuant to this
         Indenture;

provided, however, that in determining whether the Holders of the requisite
aggregate principal amount of Outstanding Securities have given any request,
demand, authorization, direction, notice, consent or waiver hereunder,
Securities owned by the Company or any other obligor upon the Securities or any
Affiliate of the Company or such other obligor shall be disregarded and deemed
not to be Outstanding, except that, in determining whether the Trustee shall be
protected in relying upon any such request, demand, authorization, direction,
notice, consent or waiver, only Securities which a Responsible Officer of the
Trustee actually knows to be so owned shall be so disregarded. Securities so
owned which have been pledged in good faith may be regarded as Outstanding if
the pledgee established to the satisfaction of the Trustee the pledgee's right
so to act with respect to such Securities and that the pledgee is not the
Company or any other obligor upon the Securities or any Affiliate of the Company
or such other obligor.

<PAGE>

                                                                               5

         In determining whether the Holders of the requisite principal amount of
Outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder the principal amount of an Original Issue
Discount Security that shall be deemed to be Outstanding for such purpose shall
be the amount of the principal thereof that would be due and payable as of the
date of such determination upon a declaration of the acceleration of the
maturity thereof pursuant to Section 5.02.

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

         "Person" means any individual, corporation, limited liability company,
partnership, joint venture, association, joint-stock company, trust, estate,
unincorporated organization or government or any agency or political subdivision
thereof, and shall include any syndicate or group that would be deemed to be a
person under Section 13(d)(3) of the Exchange Act.

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

         "Redemption Date" when used with respect to any Security to be redeemed
means the date fixed for such redemption by or pursuant to the Board Resolution
or supplemental indenture establishing the series of Securities of which the
Security to be redeemed is a member.

         "Redemption Price" when used with respect to any Security to be
redeemed means the price at which it is to be redeemed pursuant to the Board
Resolution or supplemental indenture establishing the series of Securities of
which the Security to be redeemed is a member.

         "Regular Record Date" for the interest payable on any Interest Payment
Date (in the case of an interest-bearing Security) means such date or dates as
may be fixed for such purpose in the Board Resolution or supplemental indenture
establishing the series of Securities of which the Security is a member.

         "Responsible Officer" when used with respect to the Trustee means any
officer in the Corporate Trust Office of the Trustee and also means, with
respect to a particular corporate trust matter, any other officer to whom such
matter is referred because of such officer's knowledge of and familiarity with
the particular subject.

         "Securities" has the meaning stated in the first recital of this
Indenture and more particularly means any Securities authenticated and delivered
under this Indenture; provided, however, that if at any time there is more than
one Person acting as Trustee under this instrument, "Securities" with respect to
the Indenture as to which such Person is Trustee shall have the meaning stated
in the first recital of this instrument and shall more particularly mean
Securities authentic ated and delivered under this instrument, exclusive,
however of Securities of any series as to which such Person is not Trustee.

         "Security Register" and "Security Registrar" , have the meanings
specified in Section 3.05.

<PAGE>

                                                                               6

         "Significant Subsidiary" means any Subsidiary which is a "significant
subsidiary" within the meaning of Rule 405 under the Securities Act of 1933, as
amended.

         "Special Record Date" for the payment of any Defaulted Interest means a
date fixed by the Trustee pursuant to Section 3.08.

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

         "Subsidiary" means a corporation more than 50% of the outstanding
voting stock of which is owned, directly or indirectly, by the Company or by one
or more Subsidiaries, or by the Company and one or more Subsidiaries. For the
purposes of this definition only, "voting stock" means stock which ordinarily
has voting power for the election of directors, whether at all times or only so
long as no senior class of stock has such voting power by reason of any
contingency.

         "Trustee" means the Person named as the "Trustee" in the first
paragraph of this instrument until a successor Trustee shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter
"Trustee" shall mean such successor Trustee; provided, however, that if at any
time there is more than one such person, "Trustee" as used with respect to the
Securities of any series shall mean only the Trustee with respect to Securities
of that series.

         "Trust Indenture Act" means the Trust Indenture Act of 1939, as amended
by the Trust Indenture Reform Act of 1990, as in force at the date as of which
this instrument was executed, except as provided in Section 9.03.

         "United States" means the United States excluding its territories and
possessions.

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

         "U.S. Government Obligations" has the meaning specified in Section
14.02.

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

         "Yield to Maturity" means the yield to maturity, calculated at the time
of issuance of a series of Securities or, if applicable, at the most recent
redetermination of interest on such series and calculated in accordance with
accepted financial practice.

<PAGE>

                                                                               7

         SECTION 1.02. Compliance Certificates and Opinions.

                 Upon any application or request by the Company to the Trustee
to take any action under any provision of this Indenture, the Company shall,
upon the request of the Trustee, furnish to the Trustee (1) an Officers'
Certificate stating that all conditions precedent, if any, provided for in this
Indenture relating to the proposed action have been complied with and (2) an
Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent, if any, have been complied with, except that in the case
of any such application or request as to which the furnishing of such documents
is specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be
furnished.

         Every certificate (other than certificates provided pursuant to Section
10.06) or opinion with respect to compliance with a condition or covenant
provided for in this Indenture shall include

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

              (2) a brief statement as to the nature and scope of the
         examination or investigation upon which the statements or opinions
         contained in such certificate or opinion are based;

              (3) a statement that, in the opinion of each such individual, he
         has made such examination or investigation as is necessary to enable
         him to express an informed opinion as to whether or not such covenant
         or condition has been complied with; and

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

         SECTION 1.03. Form of Documents Delivered to Trustee.

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

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

<PAGE>

                                                                               8

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

         SECTION 1.04. Acts of Holders.

         (a) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Indenture to be given or taken by
Holders may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Holders in person or by agent duly
appointed in writing; and, except as herein otherwise expressly provided, such
action shall become effective when such instrument or instruments are delivered
to the Trustee, and, where it is hereby expressly required, to the Company. Such
instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the "Act" of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of
a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and (subject to Section 6.01) conclusive in favor of the Trustee and
the Company and any agent of the Trustee or the Company, if made in the manner
provided in this Section.

         (b) The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness of such
execution or by the certificate of any notary public or other officer authorized
by law to take acknowledgments of deeds, certifying that the individual signing
such instrument or writing acknowledged to him the execution thereof. Where such
execution is by an officer of a corporation or association or a member of a
partnership or an official of a public or governmental body, on behalf of such
corporate, association, partnership, or public or governmental body or by a
fiduciary, such certificate or affidavit shall also constitute sufficient proof
of his authority. The fact and date of the execution by any Person of any such
instrument or writing, or the authority of the Person executing the same, may
also be proved in any other manner which the Trustee deems sufficient and in
accordance with such reasonable rules as the Trustee may determine.

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

         (d) Any request, demand, authorization, direction, notice, consent,
waiver or other action by the Holder of any Security shall bind every future
Holder of the same Security and the Holder of every Security issued upon the
transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done or suffered to be done by the Trustee, any Security Registrar, any
Paying Agent, any Authenticating Agent or the Company in reliance thereon,
whether or not notation of such action is mad e upon such Securities.

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

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

              (1) the Trustee by any Holder or by the Company shall be
         sufficient for every purpose hereunder if in writing and mailed,
         first-class postage prepaid, to the Trustee addressed to it at its
         Corporate Trust Office;

<PAGE>

                                                                               9

              (2) the Company by the Trustee or by any Holder shall be
         sufficient for every purpose hereunder if in writing and mailed,
         first-class postage prepaid, to the Company addressed to it at 600
         Third Avenue, 35th Floor, New York, New York 10016, Attention: Vice
         President-Finance, or at any other address previously furnished in
         writing to the Trustee by the Company.

         SECTION 1.06. Notice to Holders; Waiver.

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

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

         SECTION 1.07. Conflict with Trust Indenture Act.

         If any provision hereof limits, qualifies or conflicts with the duties
imposed by any of Section 310 through 317, inclusive, of the Trust Indenture Act
through the operation of Section 318(c) thereof, such imposed duties shall
control.

         SECTION 1.08. Effect of Headings and Table of Contents.

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

         SECTION 1.09. Successors and Assigns.

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

         SECTION 1.10. Separability Clause.

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

<PAGE>

                                                                              10

         SECTION 1.11. Benefits of Indenture.

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

         SECTION 1.12. Governing Law.

         This Indenture and the Securities shall be governed by, and construed
in accordance with, the laws of the State of New York.

         SECTION 1.13. Legal Holidays.

         In any case where any Interest Payment Date, Redemption Date or Stated
Maturity of any Security shall not be a Business Day, then (notwithstanding any
other provision of this Indenture or the Security) payment of interest or
principal 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 the Interest Payment
Date or Redemption Date, or at the Stated Maturity, and no interest shall accrue
for the period from and after such Interest Payment Date, Redemption Date or
Stated Maturity, as the case may be.

         SECTION 1.14. Indenture and Securities Solely Corporate Obligations.

         No recourse for the payment of principal of or interest on any Security
or for any claim based on any Security or this Indenture shall be had against
any director or officer or stockholder, past, present or future, of the Company
or any other obligor with respect to the Securities. Any such claim against any
such Person is expressly waived as a condition of, and as consideration for, the
execution and delivery of this Indenture and the issue of the Securities.

         SECTION 1.15. No Security Interest Created.

         Nothing in this Indenture or in the Securities, expressed or implied,
shall be construed to constitute a security interest under the Uniform
Commercial Code or similar legislation, as now or hereafter enacted and in
effect, in any jurisdiction where property of the Company or its Subsidiaries is
located.

                                   ARTICLE TWO

                                 SECURITY FORMS

         SECTION 2.01. Forms Generally. The Securities of each series shall be
in substantially such form as shall be established by or 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 p laced
thereon as may be required to comply with any law or with any rules made
pursuant thereto or with any rules of any securities exchange or as may,
consistently herewith, be determined by the officers executing such Securities,
as evidenced by their execution of the Securities.

<PAGE>

                                                                              11

         The definitive Securities shall be 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:

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

                                                  The Bank of New York,
                                                               as Trustee

                                            By
                                              ----------------------------------
                                                     Authorized Signatory

                                            Dated:
                                                  ------------------------------

         SECTION 2.03. Securities in Global Form. If any Security of a series
is issuable in global form, such Global Security may provide that it shall
represent the aggregate amount of Outstanding Securities from time to time
endorsed thereon and may also provide that the aggregate amount of Outstanding
Securities represented thereby may from time to time be reduced to reflect
exchanges. Any endorsement of a Global Security to reflect the amount, or any
increase or decrease in the amount, of Outstanding Securities represented
thereby shall be made by the Trustee and in such manner as shall be specified in
such Global Security. Any instructions by the Company with respect to a Global
Security, after its initial issuance, shall be in writing but need not comply
with Section 1.02.

         None of the Company, the Trustee, any Paying Agent or the Security
Registrar will 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 interests.

                                 ARTICLE THREE

                                 THE SECURITIES

         SECTION 3.01. Amount Unlimited; Issuable in Series. The aggregate
principal amount of Securities which may be authenticated and delivered under
this Indenture is unlimited.

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

<PAGE>

                                                                              12

              (1) the title of the Securities of the series, including CUSIP
         Numbers (which shall distinguish the Securities of the series from all
         other Securities);

              (2) any limit upon the aggregate principal amount of the
         Securities of the series which may be authenticated and delivered under
         this Indenture (except for Securities authenticated and delivered upon
         registration of transfer of, or in exchange for, or in lieu of, other
         Securities of the series pursuant to Section 3.05, 3.06, 3.07, 9.04 or
         11.03);

              (3) the date or dates on which the principal and premium, if any,
         of the Securities of the series is payable;

              (4) the rate or rates at which the Securities of the series shall
         bear interest, or the method by which such rate or rates shall be
         determined, if any, the date or dates from which such interest shall
         accrue, or the method by which such date or dates shall be determined,
         the interest payment dates on which such interest shall be payable and
         the record dates for the determination of Holders to whom interest is
         payable;

              (5) the place or places, if any, in addition to or instead of the
         Corporate Trust Office of the Trustee, where the principal of (and
         premium, if any) and interest on Securities of the series shall be
         payable; the extent to which, or the manner in which, any interest
         payable on any Global Security on an Interest Payment Date will be
         paid, if other than in the manner provided in Section 3.08; and the
         manner in which any principal of, or premium, if any, on, any Global
         Security will be paid, if other than as set forth elsewhere herein;

              (6) the price or prices at which, the period or periods within
         which and the terms and conditions upon which Securities of the series
         may be redeemed, in whole or in part, at the option of the Company,
         pursuant to any sinking fund or otherwise;

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

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

              (9) if other than the principal amount thereof, the portion of the
         principal amount of Securities of the series which shall be payable
         upon declaration of acceleration of the maturity thereof pursuant to
         Section 5.02 or provable in bankruptcy pursuant to Section 5.03;

              (10) any Events of Default with respect to the Securities of a
         particular series, if not set forth herein or if other than as set
         forth herein;

              (11) the extent to which the defeasance provisions of this
         Indenture do not apply to the Securities of the series;

<PAGE>

                                                                              13

              (12) whether the Securities of the series shall be issued in whole
         or in part in the form of one or more Global Securities and, in such
         case, the U.S. Depositary for such Global Security or Securities; the
         manner in which and the circumstances under which Global Securities
         representing Securities of the series may be exchanged for Securities
         in definitive form, if other than, or in addition to, the manner and
         circumstances specified in Section 3.07;

              (13) the ranking of the Securities of such series, if other than
         on a parity with all other unsecured, unsubordinated indebtedness of
         the Company;

              (14) provisions, if any, with regard to the conversion or exchange
         of the Securities of such series, at the option of the Holders thereof
         or the Company, as the case may be, for or into new Securities of a
         different series or common stock or other securities of the Company;

              (15) which if any, of the Eligible Guarantors shall guarantee the
         Securities on the terms set forth in a Board Resolution or established
         in one or more supplemental indentures hereto (each, a "Guarantor");

              (16) the ranking of the obligations of each Guarantor under its
         respective Guarantee, if other than on parity with all other unsecured,
         unsubordinated indebtedness of such Guarantor;

              (17) any trustees, depositaries, authenticating or paying agents,
         transfer agents or registrars or any other agents with respect to the
         Securities of such series; and

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

         All Securities of any one series shall be substantially identical
except as to denomination and except as may otherwise be provided in or pursuant
to such resolution of the Board of Directors or in any such indenture
supplemental hereto.

         SECTION 3.02. Denominations. The Securities of each series shall be
issuable in registered form without coupons in such denominations as shall be
specified as contemplated by Section 3.01. In the absence of any such
specification with respect to the Securities of any series, the Securities of
such series shall be issuable in denominations of $1,000 and any integral
multiple thereof.

         SECTION 3.03. Authentication and Dating. At any time and from time to
time after the execution and delivery of this Indenture, the Company may deliver
Securities of any series executed by the Company to the Trustee for
authentication. Except as otherwise provided in this Article Three, the Trustee
shall thereupon authenticate and deliver said Securities to or upon a Company
Order, signed by two Officers of the Company by manual or facsimi le signature.
In authenticating such Securities, and accepting the additional responsibilities
under this Indenture in relation to such Securities, the Trustee shall receive,
and (subject to Section 6.01) shall be fully protected in relying upon:

<PAGE>

                                                                              14

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

              (2) an executed supplemental indenture, if any;

              (3) an Officers' Certificate; and

              (4) an Opinion of Counsel, which shall also state

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

                   (b) that the terms of such Securities have been established
              by or pursuant to a Board Resolution or by a supplemental
              indenture as permitted by Section 3.01 in conformity with the
              provisions of this Indenture;

                   (c) that such Securities, when authenticated and delivered by
              the Trustee and issued by the Company in the manner and subject to
              any conditions specified in such Opinion of Counsel, will
              constitute valid and legally binding obligations of the Company,
              enforceable in accordance with their terms, subject to bankruptcy,
              insolvency, reorganization and other laws of general applicability
              relating to or affecting the enforcement of creditors' rights and
              to general equity principle s; and

                   (d) that all laws and requirements in respect of the
              execution and delivery by the Company of the Securities have been
              complied with and that authentication and delivery of the
              Securities by the Trustee will not violate the terms of the
              Indenture.

         The Trustee shall have the right to decline to authenticate and deliver
any Securities under this Section if the Trustee, being advised by counsel,
determines that such action may not lawfully be taken or if the Trustee in good
faith shall determine that such action would expose the Trustee to personal
liability to existing Holders.

         Each Security shall be dated the date of its authentication.

         SECTION 3.04. Execution of Securities. The Securities shall be signed
in the name and on behalf of the Company by the manual or facsimile signatures
of two Officers of the Company (which may be printed, engraved or otherwise
reproduced thereon, by facsimile or otherwise). Only such Securities as shall
bear thereon a certificate of authentication substantially in the form
hereinbefore recited, executed by the Trustee, shall be entitled to the ben
efits of this Indenture or be valid or obligatory for any purpose. Such
certificate by the Trustee upon any Security executed by the Company shall be
conclusive evidence that the Security so authenticated has been duly
authenticated and delivered hereunder and that the Holder is entitled to the
benefits of this Indenture.

<PAGE>

                                                                              15

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

         SECTION 3.05. Exchange and Registration of Transfer of Securities.
Securities of any series may be exchanged for a like aggregate principal amount
of Securities of the same series of other authorized denominations. Securities
to be exchanged shall be surrendered at the office or agency to be maintained by
the Company in the Borough of Manhattan, The City of New York, as provided in
Section 10.02. The Trustee is hereby appointed "Security Registrar" for the
purpose of the registration of Securities and of transfer of Securities in the
Security Register as herein provided. The Company shall cause to be kept at the
Corporate Trust Office of the Trustee a register for each series of Securities
issued hereunder (hereinafter collectively referred to as the "Security
Register") in which, subject to such reasonable regulations at it may prescribe,
the Company shall provide for the registration of Securities and the transfer of
Securities as in this Article Three provided. The Security Register shall be in
written form or in any other form capable of being converted into written form
within a reasonable time. Upon due presentment for registration of transfer of
any Security of any series at such office or agency, the Company shall execute
and the Trustee shall register, authenticate and deliver in the name of the
transferee or transferees a new Security or Securities of the same series for an
equal aggregate principal amount.

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

         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.

         The Company shall not be required to exchange or register the transfer
of (a) any Securities of any series for a period of 15 days next preceding any
selection of Securities of that series to be redeemed, or (b) any Securities
selected, called or being called for redemption except, in the case of any
Security to be redeemed in part, the portion thereof not so to be redeemed.

     SECTION 3.06. Mutilated, Destroyed, Lost or Stolen Securities. In case any
temporary or definitive Security shall become mutilated or be destroyed, lost or
stolen, the Company in the case of a mutilated Security shall, and in the case
of a lost, stolen or destroyed Security may in its discretion, execute, and upon
its request the Trustee shall authenticate and deliver, a new Security of the
same series bearing a number, letter or other distinguishing symbol not
contemporaneously outstanding, in exchange and substitution for the mutilated
Security, or in

<PAGE>

                                                                              16

lieu of and in substitution for the Security so destroyed, lost or stolen, or if
any such Security shall have matured or shall be about to mature, instead of
issuing a substituted Security, the Company may pay or authorize the payment of
the same without surrender thereof (except in the case of a mutilated Security).
In every case the applicant for a substituted Security shall furnish to the
Company and to the Trustee such security or indemnity as may be required by them
to save each of them harmless, and, in every case of destruction, loss or theft,
the applicant shall also furnish to the Company and to the Trustee evidence to
their satisfaction of the destruction, loss or theft of such Security and of the
ownership thereof.

         The Trustee may authenticate any such substituted Security and deliver
the same upon the written request or authorization of any Officer of the
Company. Upon the issuance of any substituted Security, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses connected
therewith and in addition a further sum not exceeding two dollars for each
Security so issued in substitution.

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

     SECTION 3.07. Temporary Securities. Pending the preparation of definitive
Securities of any series the Company may execute and the Trustee shall
authenticate and deliver temporary Securities (printed or lithographed).
Temporary Securities shall be issuable in any authorized denomination and
substantially in the form of the definitive Securities 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
executed by the Company and 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 will execute
and deliver to the Trustee definitive Securities of such series and thereupon
any or all temporary Securities of such series may be surrendered in exchange
therefore, at the Corporate Trust Office of the Trustee, and the Trustee shall
authenticate and deliver 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 except that in
case of any such exchange involving any registration of transfer the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto. Until so exchanged, the
temporary Securities shall in all respects be entitled to the same benefits
under this Indenture as definitive Securities authenticated and delivered
hereunder.

         If the Company shall establish pursuant to Section 3.01 that the
Securities of a 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 3.03 and the Company Order with

<PAGE>

                                                                              17

respect to such series, authenticate and deliver one or more Global Securities
in temporary or permanent form that (i) shall represent and shall be denominated
in an amount equal to the aggregate principal amount of the Outstanding
Securities of such series to be represented by one or more Global Securities,
(ii) shall be registered in the name of the U.S. Depositary for such Global
Security or Securities or the nominee of such depositary, and (iii) shall bear a
legend substantially to the following effect: "This Security may not be
transferred except as a whole by the Depositary to a nominee of the Depositary
or by a nominee of the Depositary to the Depositary or another nominee of the
Depositary or by the Depositary or any such nominee to a successor Depositary or
a nominee of such successor Depositary, unless and until this Security is
exchanged in whole or in part for Securities in definitive form" and such other
legend as may be required by the U.S. Depositary.

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

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

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

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

<PAGE>

                                                                              18

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

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

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

         Upon the exchange of a Global Security in whole for Securities in
definitive form, such Global Security shall be cancelled by the Trustee.
Securities so issued in exchange for a Global Security shall be registered in
such names and in such authorized denominations as the U.S. Depositary for such
Global Security, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee. The Trustee shall deliver
such Securities to the Persons in whose names such Securities are so registered.

         SECTION 3.08. Payment of Interest; Interest Rights Preserved. Interest
on any Security which is payable, and is punctually paid or duly provided for,
on any Interest Payment Date shall be paid to the Person in whose name that
Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest.

         Any interest on any Security which is payable, but is not punctually
paid or duly provided for, on any Interest Payment Date or within 30 days
thereafter (herein called "Defaulted Interest") shall forthwith cease to be
payable to the registered Holder on the relevant Regular Record Date by virtue
of having been such Holder; and such Defaulted Interest may be paid by the
Company, at its election in each case, as provided in clause (1) or (2) below:

              (1) The Company may elect to make payment of any Defaulted
         Interest to the Persons in whose names the Securities (or their
         respective Predecessor Securities) are registered at the close of
         business on a Special Record Date for the payment of such Defaulted
         Interest, which shall be fixed in the following manner. The Company
         shall notify the Trustee in writing of the amount of Defaulted Interest
         proposed to be paid on each Security and the date of the proposed
         payment, and at the same time the Company shall deposit with the
         Trustee an amount of money equal to the aggregate amount proposed to be
         paid in respect of such Defaulted Interest or shall make arrangements
         satisfactory to the Trustee for such deposit prior to the date of the
         proposed payment, such money when deposited to be held in trust for the
         benefit of the Persons entitled to such Defaulted Interest as in this
         clause provided. Thereupon the Trustee shall fix a Special Record Date
         for the payment of such Defaulted Interest which shall be not more than
         15 days and not less than 10 days prior to the date of the proposed
         payment and not less than 10 days after the receipt by the Trustee of
         the notice of the proposed payment. The Trustee shall promptly notify
         the Company of such Special Record Date and, in the

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                                                                              19

         name and at the expense of the Company, shall cause notice of the
         proposed payment of such Defaulted Interest and the Special Record
         Date therefor to be mailed, first-class postage prepaid, to each
         Holder at his address as it appears in the Security Register not less
         than 10 days prior to such Special Record Date. The Trustee may, in
         its discretion, in the name and at the expense of the Company, cause a
         similar notice to be published at least once in a newspaper,
         customarily published in the English language on each Business Day and
         of general circulation in the Borough of Manhattan, The City of New
         York, but such publication shall not be a condition precedent to the
         establishment of such Special Record Date. Notice of the proposed
         payment of such Defaulted Interest and the Special Record Date
         therefor having been mailed as aforesaid, such Defaulted Interest
         shall be paid to the Persons in whose names the Securities (or their
         respective Predecessor Securities) are registered on such Special
         Record Date and shall no longer be payable pursuant to the following
         clause (2).

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

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

         SECTION 3.09. Persons Deemed Owners. Prior to due presentment of a
Security for registration of transfer, the Company, the Trustee, the
Authenticating Agent and any agent of the Company or the Trustee may treat the
Person in whose name the Security is registered as the owner of such Security
for the purpose of receiving payment of principal of, and (subject to Section
3.08) interest on, such Security and for all other purposes whatsoever, whether
or not such Security be overdue, and neither the Company, the Trustee, the
Authenticating Agent nor any agent of the Company or the Trustee shall be
affected by notice to the contrary.

         SECTION 3.10. Cancellation. All Securities surrendered for payment,
redemption, registration of transfer or exchange shall, if surrendered to any
Person other than the Trustee, be delivered to the Trustee, and any such
Securities and Securities surrendered directly to the Trustee for any such
purpose shall be promptly cancelled by it. The Company may at any time deliver
to the Trustee for cancellation any Securities previously authenticated and
delivered hereu nder which the Company may have acquired in any manner
whatsoever, and all Securities so delivered shall be promptly cancelled by the
Trustee. No Securities shall be authenticated in lieu of or in exchange for any
Securities cancelled as provided in this Section, except as expressly permitted
by this Indenture. All cancelled Securities held by the Trustee shall be
disposed of by the Trustee in its customary manner.

         SECTION 3.11. Computation of Interest. Except as otherwise specified
as contemplated by Section 3.01 for Securities of any Series, interest on the
Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months.

<PAGE>

                                                                              20

         SECTION 3.12. CUSIP Numbers. The Company in issuing the Securities may
use "CUSIP" numbers (if then generally in use), and, if so, the Trustee shall
use "CUSIP" numbers in notices of redemption as a convenience to Holders;
provided that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained
in any notice of a redemption and that reliance may be placed only on the other
id entification numbers printed on the Securities, and any such redemption shall
not be affected by any defect in or omission of such numbers. The Company will
promptly notify the Trustee of any change in the "CUSIP" numbers.

                                  ARTICLE FOUR

                           SATISFACTION AND DISCHARGE

         SECTION 4.01. Satisfaction and Discharge of Indenture. This Indenture
shall cease to be of further effect (except as to any surviving rights of
registration of transfer or exchange of Securities herein expressly provided
for), and the Trustee, on demand of and at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this
Indenture, when

              (1) either

                   (A) all Securities theretofore authenticated and delivered
              (other than (i) Securities which have been destroyed, lost or
              stolen and which have been replaced or paid as provided in Section
              3.06 and (ii) Securities for whose payment money has theretofore
              been deposited in trust or segregated and held in trust by the
              Company and thereafter repaid to the Company or discharged from
              such trust, as provided in Section 10.03) have been delivered to
              the Trustee for cancellation; or

                   (B) all such Securities not theretofore delivered to the
              Trustee for cancellation

                       (i) have become due and payable, or

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

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

              and the Company in the case of (i), (ii) or (iii) above, has
              deposited or caused to be deposited with the Trustee as trust
              funds in trust for the purpose an amount sufficient to pay and
              discharge the entire indebtedness on such Securities not
              theretofore delivered to the Trustee for cancellation, for
              principal (and premium, if any) and interest to the date of such
              deposit (in the case of Securities which have become due and
              payable) or to the Stated Maturity or Redemption Date, as the
              case may be;

<PAGE>

                                                                              21

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

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

Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 6.07 and the obligations
of the Trustee to any Authenticating Agent under Section 6.14 shall survive such
satisfaction and discharge.

         SECTION 4.02. Application of Trust Money. All money deposited with the
Trustee pursuant to Section 4.01 shall be held in trust and applied by it, in
accordance with the provisions of the Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal (and premium, if any) and inter est for whose
payment such money has been deposited with the Trustee; but such money need not
be segregated from other funds except to the extent required by law.

                                  ARTICLE FIVE

                                    REMEDIES

         SECTION 5.01. Events of Default.

         "Events of Default", wherever used herein with respect to Securities of
any series, means any one of the following events and such other events as may
be established with respect to the Securities of that series as contemplated by
Section 3.01 hereof (whatever the reasons for such Event of Default and whether
it shall be voluntary or involuntary or be effected by operation of law pursuant
to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body):

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

              (b) default in the payment of any of the principal of and premium,
         if any, on any Security of that series as and when the same shall
         become due and payable, either at Maturity, upon redemption, by
         declaration, repayment or otherwise; or

              (c) default in the payment or satisfaction of any sinking fund
         installment as and when the same shall become due and payable by the
         terms of a Security of that series; or

              (d) failure on the part of the Company or a Guarantor duly to
         observe or perform any other of the covenants or agreements on the part
         of the Company or a Guarantor in this Indenture (other than those set
         forth exclusively in the terms of any particular series of Securities
         established as contemplated in this Indenture) continued for a period
         of 60 days after the date on which written notice of such failure,
         requiring the

<PAGE>

                                                                              22

         Company or a Guarantor to remedy the same, shall have been give n to
         the Company or a Guarantor by the Trustee, or to the Company or a
         Guarantor and the Trustee by the Holders of at least 25 percent in
         aggregate principal amount of the Securities of such series at the
         time Outstanding, and stating that such notice is a "Notice of
         Default" hereunder; or

              (e) the commencement by the Company or any Significant Subsidiary
         of the Company or any group of Subsidiaries that, taken as a whole,
         would constitute a Significant Subsidiary of a voluntary case or
         proceeding under any applicable U.S. federal or state bankruptcy,
         insolvency, reorganization or other similar law or of any other case or
         proceeding to be adjudicated a bankrupt or insolvent, or the consent by
         the Company or any Significant Subsidiary of the Company or any group
         of Subsidiaries that, taken as a whole, would constitute a Significant
         Subsidiary to the entry of a decree or order for relief in respect of
         the Company or any Significant Subsidiary of the Company or any group
         of Subsidiaries that, taken as a whole, would constitute a Significant
         Subsidiary in an involuntary case or proceeding under any applicable
         U.S. federal or state bankruptcy, insolvency, reorganization or other
         similar law or to the commencement of any bankruptcy or insolvency case
         or proceeding against the Company or any Significant Subsidiary of the
         Company or any group of Subsidiaries that, taken as a whole, would
         constitute a Significant Subsidiary, or the filing by the Company or
         any Significant Subsidiary of the Company or any group of Subsidiaries
         that, taken as a whole, would constitute a Significant Subsidiary of a
         petition or answer or consent seeking reorganization or relief under
         any applicable U.S. federal or state law, or the consent by the Company
         or any Significant Subsidiary of the Company or any group of
         Subsidiaries that, taken as a whole, would constitute a Significant
         Subsidiary to the filing of such petition or to the appointment of or
         the taking possession by a custodian of the Company or any Significant
         Subsidiary of the Company or any group of Subsidiaries that, taken as a
         whole, would constitute a Significant Subsidiary or of any substantial
         part of their properties, or the making by the Company or any
         Significant Subsidiary of the Company or any group of Subsidiaries
         that, taken as a whole, would constitute a Significant Subsidiary of an
         assignment for the benefit of creditors, or the admission by the
         Company or any Significant Subsidiary of the Company or any group of
         Subsidiaries that, taken as a whole, would constitute a Significant
         Subsidiary in writing of their inability to pay its debts generally as
         they become due, or the taking of corporate action by the Company or
         any Significant Subsidiary of the Company or any group of Subsidiaries
         that, taken as a whole, would constitute a Significant Subsidiary
         expressly in furtherance of any such action; or

              (f) a Guarantee of a Security of that Series (other than in
         accordance with the terms of the Guarantee) shall be held in any
         judicial proceeding to be unenforceable or invalid.

         SECTION 5.02. Acceleration of Maturity; Rescission and Annulment.

         If an Event of Default described in Section 5.01 (other than in clause
(e) with respect to the Company) or established pursuant to Section 3.01 with
respect to Securities of any series at the time Outstanding occurs and is
continuing, then and in each and every such case, unless the principal of all
the Securities of such series shall have already become due and payable, either

<PAGE>

                                                                              23

the Trustee or the Holders of not less than 25 percent in aggregate principal
amount of the Securities of such series then Outstanding hereunder, by notice in
writing to the Company (and to the Trustee if given by Holders), may declare the
principal amount (or, if the Securities of that series are Original Issue
Discount Securities, such portion of the principal amount as may be specified in
the terms of that series) of all the Securities of such series plus accrued and
unpaid interest 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 of such series contained to the contrary
notwithstanding. If an Event of Default described in clause (e) in respect of
the Company occurs and is continuing, then and in each and every such case,
unless the principal of all the Securities shall have already become due and
payable, the principal amount of all the Securities of each series then
Outstanding hereunder (or, if any Securities are Original Issue Discount
Securities, such portion of the principal amount as may be specified in the
terms thereof) plus any accrued and unpaid interest shall become immediately due
and payable. The foregoing provisions are, however, subject to the condition
that if, at any time after the principal amount (or, if the Securities of that
series are Original Issue Discount Securities, such portion of the principal
amounts as may be specified in the terms of that series) of the Securities of
any series (or of all the Securities, as the case may be) shall have been
declared or become 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 the Securities
of such series (or of all the Securities, as the case may be) and the principal
of and premium, if any, on any and all Securities of such series (or of all the
Securities, as the case may be) 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 premium, if any, at the rate of interest or Yield to Maturity (in
the case of Original Issue Discount Securities) borne by the Securities of such
series (or at the rates of interest or Yields to Maturity of all the Securities,
as the case may be), to the date of such payment or deposit) and the reasonable
expenses of the Trustee, and any and all defaults under this Indenture, other
than the nonpayment of principal of or premium, if any, or accrued interest on
Securities of such series (or of all the Securities, as the case may be) which
shall have become due by acceleration, shall have been cured or waived pursuant
to Section 5.08, then and in every such case the Holders of a majority in
aggregate principal amount of the Securities of such series (or of all the
Securities, as the case may be) then Outstanding, by written notice to the
Company and to the Trustee, may waive all defaults with respect to that series
(or with respect to all Securities, as the case may be) and rescind and annul
such declaration and its consequences; but no such waiver or rescission and
annulment shall extend to or shall affect any subsequent default, or shall
impair any right consequent thereon.

         In case the Trustee or any Holder 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 or to such Holder, then and
in every such case the Company and the Trustee and the Holders shall be restored
respectively to their several positions and rights hereunder, and all rights,
remedies and powers of the Company and the Trustee and the Holders shall
continue as though no such proceeding had been taken.

<PAGE>

                                                                              24

         SECTION 5.03. Payment of Securities on Default; Suit Therefor.

         The Company covenants that (a) in case default shall be made in the
payment of any installment of interest upon any of the Securities of any series
as and when the same shall become due and payable, and such default shall have
continued for a period of 30 days, or (b) in case default shall be made in the
payment of the principal of and premium, if any, on any of the Securities of any
series as and when the same shall become due and payable, whether at maturity of
the Securities of that series or upon redemption or by declaration, repayment or
otherwise, then, upon demand of the Trustee, the Company will pay to the
Trustee, for the benefit of the Holders of the Securities of that series, the
whole amount that then shall have become due and payable on all such Securities
of that series for principal and premium, if any, or interest, or both, as the
case may be, with interest upon the overdue principal and (to the extent that
payment of such interest is enforceable under applicable law) upon the overdue
installments of interest at the rate or Yield to Maturity (in the case of
Original Issue Discount Securities) borne by the Securities of that series; and,
in addition thereto, such further amount as shall be sufficient to cover the
costs and expenses of collection, including reasonable compensation to the
Trustee, its agents, attorneys and counsel, and any expenses or liabilities
incurred by the Trustee hereunder other than through its negligence or bad
faith.

         In case the Company shall fail to pay such amounts forthwith 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 prosecute any
such action or proceeding to judgment or final decree, and may enforce any such
judgment or final decree against the Company or any other obligor upon such
Securities and collect in the manner provided by law out of the property of the
Company or any other obligor upon such Securities wherever situated the moneys
adjudged or decreed to be payable.

         In case there shall be pending proceedings for the bankruptcy or for
the reorganization of the Company or any other obligor on the Securities of any
series under any applicable bankruptcy, insolvency or similar 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 other similar judicial proceedings
relative to the Company or other obligor upon the Securities of any series, or
to the creditors or property of the Company or such other obligor, the Trustee,
irrespective of whether the principal of the Securities of any series shall then
be due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand pursuant to the
provisions of this Section 5.03 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 premium, if any) and interest (or, if the
Securities of that series are Original Issue Discount Securities, such portion
of the principal amount as may be specified in the terms of that series) owing
and unpaid in respect of the Securities of any series and, in case of any
judicial proceedings, to file such proofs of claim and other papers or documents
as may be necessary or advisable in order to have the claims of the Trustee and
of the Holders allowed in such judicial proceedings relative to the Company or
any other obligor on the Securities of any series, 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; and any receiver, assignee or trustee in
bankruptcy or reorganization is hereby authorized by each of the Holders to make
such payments to the Trustee, and, in the event

<PAGE>

                                                                              25

that the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due it for compensation and expenses,
including counsel fees and expenses incurred by it up to the date of such
distribution. To the extent that such payment of reasonable compensation,
expenses and counsel fees and expenses out of the estate in any such proceedings
shall be denied for any reason, payment of the same shall be secured by a lien
on, and shall be paid out of, any and all distributions, dividends, moneys,
securities and other property which the Holders of the Securities of any series
may be entitled to receive in such proceedings, whether in liquidation or under
any plan of reorganization or arrangement or otherwise.

         All rights of action and of asserting claims 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 on 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 all
the Securities in respect of which such action was taken.

         SECTION 5.04. Application of Moneys Collected by Trustee. Any moneys
collected by the Trustee under this Article Five 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 in respect of which
moneys have been collected, and stamping thereon the payment, if only partially
paid, and upon surrender thereof if fully paid:

              FIRST: To the payment of costs and expenses of collection and
         reasonable compensation to the Trustee, its agents, attorneys and
         counsel, and of all other expenses and liabilities incurred, and all
         advances made, by the Trustee except as a result of its negligence or
         bad faith;

              SECOND: In case 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 of that
         series, in the order of the maturity of the installments of such
         interest, with interest (to the extent that such interest has been
         collected by the Trustee) upon the overdue installments of interest at
         the rate or Yield to Maturity (in the case of Original Issue Discount
         Securities) borne by the Securities of that series, such payments to be
         made ratably to the persons entitled thereto;

              THIRD: In case 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 of that series for principal and
         premium, if any, and interest, with interest on the overdue principal
         and premium, if any, and (to the extent that such interest has been
         collected by the Trustee) upon overdue installments of interest at the
         rate or Yield to Maturity (in the case of Original Issue Discount
         Securities) borne by the Securities of that series; and in case such
         moneys shall be insufficient to pay in full the whole amounts so due
         and unpaid upon the Securities of that series, then to the payment of
         such principal and premium, if any, and interest without preference or
         priority of principal and premium, if any, over interest, or of
         interest over principal and premium, if any, or of any installment of
         interest over any other installment of interest, or of any Security of
         that series over any other

<PAGE>

                                                                              26

         Security of that series, ratably to the aggregate of such principal
         and premium, if any, and accrued and unpaid interest; and

              FOURTH: Any surplus then remaining shall be paid to the Company,
         its successors or assigns, or to whomsoever may be entitled to receive
         the same.

         SECTION 5.05. Proceedings by Holders. No Holder of any Security of any
series 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 default and of the continuance
thereof, as hereinbefore provided, and unless also the Holders of not less than
25 percent in aggregate principal amount of the Securities of that series then
Outstanding 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 indemnity reasonably satisfactory to the Trustee 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 and during such 60-day period, no
direction inconsistent with such written request has been given to the Trustee
by the Holders of a majority in aggregate principal amount of the Securities of
that series then Outstanding (or such amount as shall have acted at a meeting
pursuant to the provisions of this Indenture), it being understood and intended,
and being expressly covenanted by the taker and Holder of every Security with
every other taker and Holder and the Trustee, that no one or more Holders shall
have any right in any manner whatever by virtue of or by availing of any
provision of this Indenture to affect, disturb or prejudice the rights of any
other Holder, or to obtain or seek to obtain priority over or preference to any
other such Holder, or to enforce any right under this Indenture, except in the
manner herein provided and for the equal, ratable and common benefit of all such
Holders.

         Notwithstanding any other provisions in this Indenture, however, the
right of any Holder of any Security to receive payment of the principal of and
premium, if any, and interest on such Security, on or after the respective due
dates expressed in such Security, 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 written consent of such Holder.

         SECTION 5.06. 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 necessary 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 in
this Indenture, or to enforce any other legal or equitable right vested in the
Trustee by this Indenture or by law.

         SECTION 5.07. Remedies Cumulative and Continuing. All powers and
remedies given by this Article Five to the Trustee or to the Holders shall, to
the extent permitted by law, be deemed cumulative and not exclusive of any
thereof or of any other powers and remedies available to the Trustee or the
Holders, by judicial proceedings or otherwise, to enforce the performance or
observance of the covenants and agreements contained in this Indenture, and no

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                                                                              27

delay or omission of the Trustee or of any Holder to exercise 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 the provisions of Section 5.05, every
power and remedy given by this Article Five or by law to the Trustee or to the
Holders may be exercised from time to time, and as often as shall be deemed
expedient, by the Trustee or by the Holders.

         SECTION 5.08. Direction of Proceedings and Waiver of Defaults by
Majority of Holders. The Holders of a majority in aggregate principal amount of
the Securities of any series 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 with respect to the Securities of such series; provided, however, that
(subject to the provisions of Section 6.01) 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 shall determine that the action or proceedings
so directed would involve the Trustee in personal liability. Subject to Section
5.02, the Holders of a majority in aggregate principal amount of the Securities
of that series at the time Outstanding may on behalf of the Holders of all of
the Securities of that series waive any past default or Event of Default
described in Section 5.01, or any other Event of Default for such series
specified in the terms thereof as contemplated by Section 3.01, and its
consequences except a default in the payment of interest, or premium, if any,
on, or the principal of any of the Securities or a default which, under Section
9.02, cannot be modified or amended without the consent of each Holder of each
Security affected by such waiver. Upon any such waiver the Company, the Trustee
and the Holders of the Securities of that series 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 5.08, said default or Event
of Default shall for all purposes of the Securities of that series and this
Indenture be deemed to have been cured and to be not continuing.

         SECTION 5.09. Undertaking to Pay Costs. All parties to this Indenture
agree, and each Holder of any Security by his acceptance thereof shall be deemed
to have agreed, that any court may in its discretion require, in any suit for
the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee,
the filing by any party litigant in such suit of an undertaking to pay the costs
of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys' fees and expenses, against any party litigant in
such suit, having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this Section 5.09
shall not apply to any suit instituted by the Trustee, to any suit instituted by
any Holder of the Securities of any series or group of such Holders, holding in
the aggregate more than ten percent in principal amount of the Outstanding
Securities of that series or to any suit instituted by any Holder for the
enforcement of the payment of the principal of or premium, if any, or interest
on any Security against the Company on or after the due date expressed in such
Security.

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                                                                              28

                                   ARTICLE SIX

                                   THE TRUSTEE

         SECTION 6.01. Certain Duties and Responsibilities.

         (a) Except during the continuance of an Event of Default,

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

              (2) in the absence of bad faith on its part, the Trustee may
         conclusively rely, as to the truth of the statements and the
         correctness of the opinions expressed therein, upon certificates or
         opinions furnished to the Trustee and conforming to the requirements of
         this Indenture; but in the case of any such certificates or opinions
         which by any provisions hereof are specifically required to be
         furnished to the Trustee, the Trustee shall be under a duty to examine
         the same to determine w hether or not they substantially conform to the
         requirements of this Indenture (but needs not confirm or investigate
         the accuracy of mathematical calculations or other facts stated
         therein).

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

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

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

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

              (3) the Trustee shall not be liable with respect to any action
         taken or omitted to be taken by it in good faith in accordance with the
         direction of the Holders pursuant to Section 5.08 relating to the time,
         method and place of conducting any proceeding for any remedy available
         to the Trustee, or exercising any trust or power conferred upon the
         Trustee, under this Indenture; and

              (4) no provision of this Indenture shall require the Trustee to
         expend or risk its own funds or otherwise incur any financial liability
         in the performance of any of its duties hereunder, or in the exercise
         of any of its rights or powers.

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                                                                              29

         (d) The Trustee shall not be obligated to pay interest on any money or
other assets received by it unless otherwise agreed with the Company. Assets
held in trust by the Trustee need not be segregated from other funds except to
the extent required by law.

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

         SECTION 6.02. Notice of Defaults.

         Within 90 days after the occurrence of any default with respect to the
Securities of any series, the Trustee shall transmit by mail to all Holders of
Securities of that Series, as their names and addresses appear in the Security
Register, notice of all defaults with respect to that Series actually known to a
Responsible Officer of the Trustee, unless such defaults shall have been cured
or waived before the giving of such notice; provided, however, that, except in
the case of a default in the payment of the principal of or premium, if any, or
interest on any of the Securities of such series or in the making of any sinking
fund payment with respect to such series, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the
Trustee in good faith determines that the withholding of such notice is in the
interests of the Holders. For the purpose of this Section, the term " default"
means any event which is, or after notice or lapse of time or both would become,
an Event of Default.

         SECTION 6.03. Certain Rights of Trustee.

         Except as otherwise provided in Section 6.01:

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

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

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

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

<PAGE>

                                                                              30

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

              (f) the Trustee shall not be bound to make any investigation into
         the facts or matters stated in any resolution, certificate, statement,
         instrument, opinion, report, notice, request, direction, consent,
         order, bond, debenture or other paper or document, but the Trustee, in
         its discretion, may make such further inquiry or investigation into
         such facts or matters as it may see fit, and, if the Trustee shall
         determine to make such further inquiry or investigation, it shall be
         entitled t o examine the books, records and premises of the Company,
         personally or by agent or attorney at the expense of the Company and
         shall incur no liability of any kind by reason of such inquiry or
         investigation;

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

              (h) the Trustee shall not be deemed to have notice of any Default
         or Event of Default unless a Responsible Officer of the Trustee has
         actual knowledge thereof or unless written notice of any event which is
         in fact such a default is received by the Trustee pursuant to Section
         1.05, and such notice references the Securities and this Indenture; and

              (i) the rights, privileges, protections, immunities and benefits
         given to the Trustee, including, without limitation, its right to be
         indemnified, are extended to, and shall be enforceable by, the Trustee
         in each of its capacities hereunder, and each agent, custodian and
         other Person employed to act hereunder.

              (j) the Trustee may request that the Company deliver an Officers'
         Certificate setting forth the names of individuals and/or titles of
         officers authorized at such time to take specified actions pursuant to
         this Indenture, which Officers' Certificate may be signed by any person
         authorized to sign an Officers' Certificate, including any person
         specified as so authorized in any such certificate previously delivered
         and not superseded.

         SECTION 6.04. Not Responsible for Recitals or Issuance of Securities.

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

<PAGE>

                                                                              31

         SECTION 6.05. May Hold Securities.

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

         SECTION 6.06. Money Held in Trust.

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

         SECTION 6.07. Compensation and Reimbursement.

         The Company agrees

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

              (2) except as otherwise expressly provided herein, to reimburse
         the Trustee upon its request for all reasonable expenses, disbursements
         and advances incurred or made by the Trustee in accordance with any
         provision of this Indenture (including the reasonable compensation and
         the expenses and disbursements of its agents and counsel), except any
         such expense, disbursement or advance as shall be determined by a court
         of competent jurisdiction to have been caused by its own negligence or
         willful misconduct; and

              (3) to fully indemnify the Trustee, any predecessor Trustee and
         their agents for, and to hold them harmless against, any and all loss,
         liability, claim, damage, taxes (other than taxes based upon the income
         of the Trustee) or expense (including legal fees and expenses) incurred
         without negligence or willful misconduct on their part, arising out of
         or in connection with the acceptance or administration of this trust,
         including the costs and expenses of defending themselves against any
         claim (whether asserted by the Company, or any Holder or any other
         Person) or liability in connection with the exercise or performance of
         any of their powers or duties hereunder.

         As security for the performance of the obligations of the Company under
this Section the Trustee shall have a lien prior to the Securities upon all
property and funds held or collected by the Trustee as such, except funds held
in trust for the payment of principal of (or premium, if any) or interest on
Securities.

         When the Trustee incurs expenses or renders services in connection with
an Event of Default specified in Section 5.01(e), the expenses (including the
reasonable charges and expenses of its counsel) and the compensation for the
services are intended to constitute

<PAGE>

                                                                              32

expenses of administration under any applicable Federal or state bankruptcy,
insolvency or other similar law.

         The provisions of this Section shall survive the termination of this
Indenture and the resignation or removal of the Trustee.

         SECTION 6.08. Disqualification; Conflicting Interests.

         The Trustee for the Securities shall be subject to the provisions of
Section 310(b) of the Trust Indenture Act during the period of time required
thereby. Nothing herein shall prevent the Trustee from filing with the
Commission the application referred to in the penultimate paragraph of Section
310(b) of the Trust Indenture Act. In determining whether the Trustee has a
conflicting interest as defined in Section 310(b) of the Trust Indenture Act
with respect to the Securities of any series, there shall be excluded Securities
of any particular series of Securities other than that series.

         SECTION 6.09. Corporate Trustee Required; Eligibility.

         There shall at all times be a Trustee hereunder which shall be

              (1) a corporation organized and doing business under the laws of
         the United States of America, any state thereof, or the District of
         Columbia, authorized under such laws to exercise corporate trust
         powers, and subject to supervision or examination by Federal or State
         authority, or

              (2) a corporation or other Person organized and doing business
         under the laws of a foreign government that is permitted to act as a
         Trustee pursuant to a rule, regulation, or other order of the
         Commission, authorized under such laws to exercise corporate trust
         powers, and subject to supervision or examination by authority of such
         foreign government or a political subdivision thereof substantially
         equivalent to supervision or examination applicable to United States
         institutional trust ee,

         having a combined capital and surplus of at least $50,000,000 and
having its Corporate Trust Office in the Borough of Manhattan, the City of New
York, or such other city as contemplated by Section 3.01 with respect to any
series of Securities. If such corporation publishes reports of condition at
least annually, pursuant to law or to requirements of the aforesaid supervising
or examining authority, then for the purposes of this Section, the combined
capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so
published. Neither the Company nor any Person directly or indirectly
controlling, controlled by, or under the common control with the Company shall
serve as Trustee for the Securities. If at any time the Trustee shall cease to
be eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereunder specified in this
Article.

         SECTION 6.10. Resignation and Removal; Appointment of Successor.

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

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                                                                              33

         (b) The Trustee may resign at any time with respect to one or more or
all series of Securities by giving written notice thereof to the Company. If an
instrument of acceptance by a successor Trustee required by Section 6.11 shall
not have been delivered to the Trustee within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition at the expense of the
Company any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the S ecurities of such series.

         (c) The Holders of a majority in aggregate principal amount of the
Securities of one or more series (each series voting as a class) or all series
at the time Outstanding may at any time remove the Trustee with respect to the
applicable series or all series, as the case may be, and by written notice of
such action to the Company, the Trustee and the successor Trustee, nominate with
respect to the applicable series or all series, as the case may be, a successor
Trustee which shall be deemed appointed as successor Trustee with respect to the
applicable series unless within ten days after such nomination the Company
objects thereto, in which case the Trustee so removed or any Holder of
Securities of the applicable series who has been a bona fide holder of a
Security or the applicable series for at least six months may, subject to the
provisions of Section 5.09 on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the appointment of a
successor Trustee with respect to such series.

         (d) If at any time:

              (1) the Trustee shall fail to comply with Section 310(b) of the
         Trust Indenture Act pursuant to Section 6.08 hereof after written
         request therefor by the Company or by any Holder who has been a bona
         fide Holder of a Security for at least six months, unless the Trustee's
         duty to resign is stayed in accordance with the provisions of Section
         310(b) of the Trust Indenture Act, or

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

              (3) the Trustee shall become incapable of acting, or a decree or
         order for relief by a court having jurisdiction in the premises shall
         have been entered in respect of the Trustee in an involuntary case
         under the Federal bankruptcy laws, as now or hereafter constituted, or
         any other applicable Federal or State, bankruptcy, insolvency or
         similar law; or a decree or order by a court having jurisdiction in the
         premises for the appointment of a receiver or custodian or liquidator
         or trust ee or assignee in bankruptcy or insolvency of the Trustee or
         of its property, or for the winding up of its affairs shall have been
         entered, or

              (4) the Trustee shall commence a voluntary case under the Federal
         bankruptcy laws, as now or hereafter constituted, or any other
         applicable Federal or State bankruptcy, insolvency or similar law, or
         shall consent to the appointment of a receiver or custodian or
         liquidator or trustee or assignee in bankruptcy or insolvency of it or
         of its property, or shall make an assignment for the benefit of
         creditors, or shall fail generally to pay its debts as they become due,
         or corporate action shall be taken by the Trustee in furtherance of any
         such action,

<PAGE>

                                                                              34

then, in any such case, (i) the Company by a Board Resolution may remove the
Trustee, or (ii) subject to Section 5.09, any Holder who has been a bona fide
Holder of a Security for at least six months may, on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee.

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

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

         SECTION 6.11. Acceptance of Appointment by Successor.

         Every successor Trustee appointed hereunder shall execute, acknowledge
and deliver to the Company and to the retiring Trustee an instrument accepting
such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective and such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee; but, on request of the Company or the
successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the
rights, powers and trusts of the retiring Trustee, and shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder, subject nevertheless to its lien, if any,
provided for in Section 6.07. Upon request of any such successor Trustee, the
Company shall execute any and all instruments for more fully and certainly
vesting in and confirming to such successor Trustee all such rights, powers and
trusts.

         In case of the appointment hereunder of a successor Trustee with
respect to the Securities of one or more (but not all) series, the Company, the
predecessor Trustee and each successor Trustee with respect to the Securities of
any applicable series shall execute and deliver an indenture supplemental hereto
which shall contain such provisions as shall be deemed necessary or desirable to
confirm that all the rights, powers, trusts and duties of the predecessor
Trustee with respect to the Securities of any series as to which the predecessor
Trustee is not retiring

<PAGE>

                                                                              35

shall continue to be vested in the predecessor Trustee, and shall add to or
change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one
trustee, it being understood that nothing herein or in such supplemental
indenture shall constitute such trustees, co-trustees of the same trust and that
each trustee shall be trustee of a trust or trusts hereunder separate and apart
from any trust or trusts hereunder administered by any other such trustee.

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

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

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

         SECTION 6.13. Preferential Collection of Claims Against Company.

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

              (1) an amount equal to any and all reductions in the amount due
         and owing upon any claim as such creditor in respect of principal or
         interest, effected after the beginning of such three-month period and
         valid as against the Company and its other creditors, except any such
         reduction resulting from the receipt or disposition of any property
         described in paragraph (2) of this Subsection, or from the exercise of
         any right of set-off which the Trustee could have exercised if a
         petition in bankruptcy had been filed by or against the Company upon
         the date of such default; and

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

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

<PAGE>

                                                                              36

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

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

              (C) to realize, for its own account, but only to the extent of the
         claim hereinafter or mentioned, upon any property held by it as
         security for any such claim, if such claim was created after the
         beginning of such three-month period and such property was received as
         security therefor simultaneously with the creation thereof, and if the
         Trustee shall sustain the burden of proving that at the time such
         property was so received the Trustee had no reasonable cause to believe
         tha t a default as defined in Subsection (c) of this Section would
         occur within three months; or

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

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

         If the Trustee shall be required to account, the funds and property
held in such special account and the proceeds thereof shall be apportioned
between the Trustee, the Holders and the holders of other indenture securities
in such manner that the Trustee, the Holders and the holders of other indenture
securities realize, as a result of payments from such special account and
payments of dividends on claims filed against the Company in bankruptcy or
receivership or in proceedings for reorganization pursuant to the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable
Federal or State bankruptcy, insolvency or similar law, the same percentage of
their respective claims, figured before crediting to the claim of the Trustee
anything on account of the receipt by it from the Company of the funds and
property in such special account and before crediting to the respective claims
of the Trustee and the Holders and the holders of other indenture securities
dividends on claims filed against the Company in bankruptcy or receivership or
in proceedings for reorganization pursuant to the Federal bankruptcy laws, as
now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or similar law, but after crediting thereon receipts on
account of the

<PAGE>

                                                                              37

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

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

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

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

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

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

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

<PAGE>

                                                                              38

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

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

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

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

         (c) For the purpose of this Section only:

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

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

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

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

              (5) The term "Company" means any obligor upon the Securities.

              SECTION 6.14. Appointment of Authenticating Agent.

         At any time when any of the Securities remain Outstanding the Trustee
may appoint an Authenticating Agent or Agents which shall be authorized to act
on behalf of the Trustee to

<PAGE>

                                                                              39

authenticate Securities issued upon exchange, transfer or partial redemption
thereof or pursuant to Section 3.06, and Securities so authenticated shall be
entitled to the benefits of this Indenture and shall be valid and obligatory for
all purposes as if authenticated by the Trustee hereunder. Wherever reference is
made in this Indenture to the authentication and delivery of Securities by the
Trustee or the Trustee's certificate of authentication, such reference shall be
deemed to include authentication and delivery on behalf of the Trustee by an
Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
acceptable to the Company and shall at all times be a bank or trust company or
corporation organized and doing business and in good standing under the laws of
the United States of America, or of any State, authorized under such laws to act
as Authenticating Agent, having a combined capital and surplus of not less than
$1,500,000 and subject to supervision or examination by Federal or State
authorities. If such Authenticating Agent publishes reports of condition at
least annually, pursuant to law or to the requirements of the aforesaid
supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such Authenticating Agent shall be deemed to be
its combined capital and surplus as set forth in its most recent report of
condition so published. In case at any time an Authenticating Agent shall cease
to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section.

         Any corporation into which an 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 such Authenticating Agent
shall be a party, or any corporation succeeding to the corporate agency or
corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent without the execution or filing of any paper or any further
act on the part of the Trustee or the Authenticating Agent.

         An 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 an 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 such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company and shall mail notice of such
appointment to all Holders, as their names and addresses appear on the Security
Register. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all the rights, powers and duties of its
predecessor hereunder, with like effect as if originally named as an
Authenticating Agent herein. No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section.

         The Company agrees to pay to each Authenticating Agent from time to
time reasonable compensation for its services under this Section.

         If an appointment is made pursuant to this Section, the Securities
shall have endorsed thereon, in addition to the Trustee's Certificate, an
alternate Trustee's Certificate in the following form:

<PAGE>

                                                                              40

         This is one of the Securities described in the within-mentioned
Indenture.

                                                  The Bank of New York,
                                                              as Trustee

                                            By
                                              ----------------------------------
                                                     Authenticating Agent

                                            By
                                              ----------------------------------
                                                     Authorized Signatory

                                            Dated:
                                                  ------------------------------

                                 ARTICLE SEVEN

               HOLDER'S LISTS AND REPORTS BY TRUSTEE AND COMPANY

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

         The Company will furnish or cause to be furnished to the Trustee

              (a) semi-annually, (and not more than 15 days after each Regular
         Record Date of each series of Securities having such a Regular Record
         Date), a list, in such form as the Trustee may reasonable require, of
         the names and addresses of the Holders as of such Regular Record Date,
         and

              (b) at such other times as the Trustee may request in writing,
         within 30 days after the receipt by the Company of any such request, a
         list of similar form and content as of a date not more than 15 days
         prior to the time such list is furnished,

excluding from any such list names and addresses received by the Trustee in the
capacity of Security Registrar if the Trustee is then acting in such capacity.

         SECTION 7.02. Preservation of Information: Communications to Holders.

         (a) The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 7.01 and the names and
addresses of Holders received by the Trustee in the capacity of Security
Registrar if the Trustee is then acting in such capacity. The Trustee may
destroy any list furnished to it as provided in Section 7.01 upon receipt of a
new list so furnished.

         (b) If three or more Holders (hereinafter referred to as "applicants")
apply in writing to the Trustee, and furnish to the Trustee reasonable proof
that each such applicant has owned a

<PAGE>

                                                                              41

Security for a period of at least six months preceding the date of such
application, and such application states that the applicants desire to
communicate with other Holders with respect to their rights under this Indenture
or under the Securities and is accompanied by a copy of the form of proxy or
other commu nication which such applicants propose to transmit, then the Trustee
shall, within five business days after the receipt of such application, at its
election, either

                       (i) afford such applicants access to the information
                   preserved at the time by the Trustee in accordance with
                   Section 7.02(a), or

                       (ii) inform such applicants as to the approximate number
                   of Holders whose names and addresses appear in the
                   information preserved at the time by the Trustee in
                   accordance with Section 7.02(a), and as to the approximate
                   cost of mailing to such Holders the form of proxy or other
                   communication, 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 whose name and address appears in the information preserved
at the time by the Trustee in accordance with Section 7.02(a), a copy of the
form of proxy or other communication which is specified in such request, with
reasonable promptness after a tender to the Trustee of the material to be mailed
and of payment, or provision for the payment, of the reasonable expenses of
mailing, unless within five days after such tender, the Trustee shall mail to
such applicants and file with the Commission, together with a copy of the
material to be mailed, a written statement to the effect that, in the opinion of
the Trustee, such mailing would be contrary to the best interests of the Holders
or would be in violation of applicable law. Such written statement shall specify
the basis of such opinion. If the Commission, after opportunity for a hearing
upon the objections specified in the written statement so filed, shall enter an
order refusing to sustain any of such objections or if, after the entry of an
order sustaining one or more of such objections, the Commission shall find,
after notice and opportunity for hearing, that all the objections so sustained
have been met and shall enter an order so declaring, the Trustee shall mail
copies of such material to all such Holders with reasonable promptness after the
entry of such order and the renewal of such tender; otherwise the Trustee shall
be relieved of any obligation or duty to such applicants respecting their
application.

         (c) Every Holder of Securities, by receiving and holding the same,
agrees with the Company and the Trustee that neither the Company nor the Trustee
nor any Authenticating Agent nor any Paying Agent nor any Security Registrar
shall be held accountable by reason of the disclosure of any such information as
to the names and addresses of the Holders in accordance with Section 7.02(b),
regardless of the source from which such information was derived, and that the
Trustee shall not be held accounta ble by reason of mailing any material
pursuant to a request made under Section 7.02(b).

         SECTION 7.03. Reports by Trustee.

         (a) Within 60 days after __________ of each year commencing with the
year 200_, the Trustee shall transmit by mail to all Holders, as their names and
addresses appear in the Security Register, a brief report dated as of __________
with respect to any of the following events which

<PAGE>

                                                                              42

may have occurred within the prior 12 months (but if no such event has occurred
within such period no report need be transmitted):

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

              (2) the creation of any material change to a relationship
         specified in Section 310(b)(1) through Section 310(b)(10) of the Trust
         Indenture Act;

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

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

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

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

              (7) any action taken by the Trustee in the performance of its
         duties hereunder which it has not previously reported and which in its
         opinion materially affects the Securities, except action in respect of
         a default, notice of which has been or is to be withheld by the Trustee
         in accordance with Section 6.02.

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

         (c) A copy of each such report shall, at the time of such transmission
to Holders, be filed by the Trustee with each securities exchange upon which the
Securities are listed and also with

<PAGE>

                                                                              43

the Commission. The Company will notify the Trustee when the Securities are
listed on any securities exchange.

         SECTION 7.04. Reports by Company.

         The Company will

                  (1) file with the Trustee, within 15 days after the Company
         files them 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; provided, however, that the Company
         shall not be required to deliver to the Trustee any materials for which
         the Company has sought and obtained confidential treatment from the
         Commission; 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;

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

              (3) transmit by mail to all Holders, as their names and addresses
         appear in the Security Registrar, within 30 days after the filing
         thereof with the Trustee, such summaries of any information, documents
         and reports required to be filed by the Company pursuant to paragraphs
         (1) and (2) of this Section as may be required by rules and regulations
         prescribed from time to time by the Commission.

         Delivery of such reports, information and documents to the Trustee is
for informational purposes only and the Trustee's receipt of such shall not
constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officers' Certificates).

<PAGE>

                                                                              44

                                 ARTICLE EIGHT

                CONSOLIDATION, MERGER, SALE, CONVEYANCE OR LEASE

         SECTION 8.01. Consolidations and Mergers of Company and Conveyances
Permitted Subject to Certain Conditions.

         The Company shall not consolidate with or merge with or into any other
Person or convey, transfer or lease its properties and assets substantially as
an entirety to any Person, and the Company shall not permit any Person to
consolidate with or merge into the Company or convey, transfer or lease its
properties and assets substantially as an entirety to the Company, unless:

              (1) in the event that the Company shall consolidate with or merge
         into another Person or convey, transfer or lease its properties and
         assets substantially as an entirety to any Person, the Person formed by
         such consolidation or into which the Company is merged or the Person
         which acquires by conveyance or transfer, or which leases, the
         properties and assets of the Company substantially as an entirety shall
         be a corporation organized and validly existing under the laws of the
         United States of America, any State thereof or the District of Columbia
         and, if the entity surviving such transaction or transferee entity is
         not the Company, then such surviving or transferee entity shall
         expressly assume, by an indenture supplemental hereto, executed and
         delivered to the Trustee, in form satisfactory to the Trustee, the due
         and punctual payment of the principal of and premium, if any, and
         interest, if any, on all the Securities and the performance of every
         covenant of this Indenture on the part of the Company to be performed
         or observed;

              (2) at the time of consummation of such transaction, no Event of
         Default, and no event which, after notice or lapse of time or both,
         would become an Event of Default, shall have happened and be
         continuing; and

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

         SECTION 8.02. Rights and Duties of Successor Corporation.

         Upon any consolidation or merger by the Company with or into any other
corporation or any conveyance, transfer or lease of the properties and assets of
the Company substantially as an entirety to any Person, in accordance with
Section 8.01, the successor corporation formed by such consolidation or into
which the Company is merged or to which such conveyance, transfer or lease is
made shall succeed to, and be substituted for, and may exercise every right and
power of, the Company under this Indenture with the same effect as if such
successor corporation had been named as the Company herein, and thereafter,
except in the case of a lease to another Person, the predecessor corporation
shall be relieved of all obligations and covenants under this Indenture and the
Securities.

<PAGE>

                                                                              45

         Such successor corporation thereupon may cause to be signed, and may
issue either in its own name or in the name of the Company, any or all of the
Securities issuable hereunder which theretofore shall not have been signed by
the Company and delivered to the Trustee; and, upon the order of such successor
corporation, instead of the Company, and subject to all the terms, conditions
and limitations in this Indenture prescribed, the Trustee shall authenticate and
shall deliver any Securities which previously shall have been signed and
delivered by the officers of the Company to the Trustee for authentication, and
any Securities which such successor corporation thereafter shall cause to be
signed and delivered to the Trustee for that purpose. All the Securities so
issued shall in all respects have the same legal rank and benefit under this
Indenture as the Securities theretofore or thereafter issued in accordance with
the terms of this Indenture as though all of such Securities had been issued at
the date of the execution hereof.

         In case of any such consolidation, merger, sale or conveyance such
changes in phraseology and form (but not in substance) may be made in the
Securities thereafter to be issued as may be appropriate.

         SECTION 8.03. Officers' Certificate and Opinion of Counsel.

         The Trustee, subject to the provisions of Section 6.01, shall be
provided with an Officers' Certificate and an Opinion of Counsel as conclusive
evidence that any such consolidation, merger, sale or conveyance, and any such
assumption, complies with the provisions of this Article Eight.

                                  ARTICLE NINE

                             SUPPLEMENTAL INDENTURES

         SECTION 9.01. Supplemental Indentures without Consent of Holders. The
Company, when authorized by a 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:

              (a) to evidence the succession of another corporation to the
         Company, or successive successions, and the assumption by the successor
         corporation of the covenants, agreements and obligations of the Company
         hereunder and the Securities or the Guarantees, if any; or

              (b) to convey, transfer, assign, mortgage or pledge to the Trustee
         as security for the Securities any property or assets which the Company
         may desire; or

              (c) to add to the covenants of the Company such further covenants,
         restrictions or conditions for the protection of the Holders of all or
         any series of Securities (and if such covenants are to be for the
         benefit of less than all series of Securities stating that such
         covenants are expressly being included solely for the benefit of such
         series) as the Board of Directors of the Company and the Trustee shall
         consider to be for the protection of the Holders of such Securities,
         and to make the occurrence, or the occurrence and continuance, of a
         default in any of such additional covenants, restrictions or conditions
         a default or an Event of Default permitting the enforcement of all or
         any of the several remedies provided in this Indenture as herein set
         forth; provided, however,

<PAGE>

                                                                              46

         that in respect of any such additional covenant, restriction or
         condition such supplemental indenture may provide for a particular
         period of grace after default (which period may be shorter or longer
         than that allowed in the case of other defaults) or may provide for an
         immediate enforcement upon such default or may limit the remedies
         available to the Trustee upon such default; or

              (d) to provide for the issuance under this Indenture of Securities
         in coupon form (including Securities registrable as to principal only)
         and to provide for exchangeability of such Securities with the
         Securities issued hereunder in fully registered form and to make all
         appropriate changes for such purpose; or

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

              (f) to cure any ambiguity or to correct or supplement any
         provision contained herein or in any supplemental indenture which may
         be defective or inconsistent with any other provision contained herein
         or in any supplemental indenture, or to make such other provisions in
         regard to matters or questions arising under this Indenture which shall
         not adversely affect the interests of any Holder in any material
         respect; or

              (g) to evidence and provide for the acceptance of appointment
         hereunder by a successor trustee with respect to the Securities of one
         or more series and to add to or change any of the provisions of this
         Indenture as shall be necessary to provide for or facilitate the
         administration of the trusts hereunder by more than one trustee,
         pursuant to the requirements of Section 6.11; or

              (h) to surrender any right or power herein conferred upon the
         Company;

              (i) to comply with the requirements of the Commission in order to
         maintain the qualification of this Indenture under the Trust Indenture
         Act; or

              (j) to add or modify any other provisions with respect to matters
         or questions arising under this Indenture which the Company and the
         Trustee may deem necessary or desirable; provided, however, that such
         action pursuant to this clause (j) does not, in the good faith opinion
         of the Board of Directors of the Company (as evidenced by a Board
         Resolution) and the Trustee, adversely affect the interests of any
         Holder of Securities in any material respect; or

              (k) to modify the covenants or Events of Default solely in respect
         of, or add new covenants or Events of Default that apply solely to,
         Securities not Outstanding on the date of such supplemental indenture;
         or

              (l) to provide for guarantees of the Securities of any series
         and/or to specify the ranking of the obligations of each Guarantor
         under its respective Guarantee.

         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, assignment, mortgage or pledge of any property thereunder,
but the Trustee shall not be obligated to, but may in its discretion, enter

<PAGE>

                                                                              47

into any such supplemental indenture which affects the Trustee's own rights,
duties or immunities under this Indenture or otherwise.

         Any supplemental indenture authorized by the provisions of this Section
9.01 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 9.02.

         SECTION 9.02. Supplemental Indentures with Consent of Holders. With
the consent (evidenced as provided in Section 1.04) of the Holders of not less
than a majority in aggregate principal amount of the Outstanding Securities of
each series affected by such supplemental indenture (each series voting
separately as a class), the Company, when authorized by a 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 or eliminating any
of the provisions of this Indenture or of any supplemental indenture or of
modifying in any manner the rights of the Holders of the Securities of each such
series; provided, however, that no such supplemental indenture shall (i) change
the Stated Maturity of any Security, or reduce the rate or change the time of
payment of interest thereon, or reduce the principal amount thereof or any
premium thereon, or make the principal thereof or interest or premium thereon
payable in any coin or currency other than that provided in the Securities or
reduce the amount of the principal of an Original Issue Discount Security that
would be due and payable upon an acceleration of the Maturity thereof pursuant
to Section 5.02 or the amount thereof provable in bankruptcy pursuant to Section
5.03 or impair the right to institute suit for enforcement of any such payment
on or after the Stated Maturity thereof (or, in the case of redemption, on or
after the Redemption Date), or adversely affect the right of repayment, if any,
at the option of the Holder without the consent of the Holder of each Security
so affected, (ii) reduce the aforesaid percentage of Securities, the Holders of
which are required to consent to any such supplemental indenture, or the Holders
of which are required for any waiver (of compliance with certain provisions of
this Indenture or certain defaults hereunder and their consequences) provided
for in this Indenture, (iii) modify the obligation of the Company to maintain an
office or agency in the City of New York pursuant to Section 10.02, or (iv)
release any Guarantor from its obligations under its Guarantee (other than in
accordance with the terms thereof) without the consent of the Holder of each
Security so affected. A supplemental indenture which changes or eliminates any
covenant or other provision of this Indenture which has expressly been included
solely for the benefit of one or more particular series of Securities, or which
modifies the rights of the Holders of Securities of such series with respect to
such covenant or other provision, shall be deemed not to affect the rights under
this Indenture of the Holders of Securities of any other series.

         Upon the request of the Company, accompanied by a Board Resolution
authorizing the execution of any such supplemental indenture, and upon the
filing with the Trustee of evidence of the consent of 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.

<PAGE>

                                                                              48

         It shall not be necessary for the consent of the Holders under this
Section 9.02 to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such consent shall approve the
substance thereof.

         SECTION 9.03. Compliance with Trust Indenture Act; Effect of
Supplemental Indentures. Any supplemental indenture executed pursuant to the
provisions of this Article Nine shall comply with the Trust Indenture Act of
1939, as then in effect. Upon the execution of any supplemental indenture
pursuant to the provisions of this Article Nine, this Indenture shall be deemed
to be modified and amended in accordanc e therewith and the respective rights,
limitations of rights, obligations, duties and immunities under this Indenture
of the Trustee, the Company, and the 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 9.04. Notation on Securities. Securities authenticated and
delivered after the execution of any supplemental indenture pursuant to the
provisions of this Article Nine may bear a notation in form approved by the
Trustee as to any matter provided for in such supplemental indenture. If the
Company or the Trustee shall so determine, new Securities of any series so
modified as to conform, in the opinion of the Trustee and the Board of Direct
ors, 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 of such series then
Outstanding.

         SECTION 9.05. Evidence of Compliance of Supplemental Indenture to be
Furnished Trustee.

         The Trustee, subject to the provisions of Section 6.01, shall be
provided with 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 Nine.

                                  ARTICLE TEN

                                    COVENANTS

         SECTION 10.01. Payment of Principal and Interest.

         The Company will duly and punctually pay the principal of, premium, if
any, and interest on the Securities in accordance with the terms of the
Securities and this Indenture.

         SECTION 10.02. Maintenance of Office or Agency.

         The Company shall maintain in the Borough of Manhattan, The City of New
York, an office or agency where Securities may be presented or surrendered for
payment and an office or agency where Securities may be surrendered for transfer
or exchange and where notices and demands to or upon the Company in respect of
the Securities and this Indenture may be served. The Corporate Trust Office of
the Trustee shall be such office of the Company in The City of New York, and the
Trustee shall be the agent of the Company for all of the foregoing purposes,
unless the Company shall designate and maintain some other office or agency for
such purposes

<PAGE>

                                                                              49

and give the Trustee written notice of the location thereof. The Company will
give prompt written notice to the Trustee of any change in the location of any
such office or agency. If at any time the Company shall fail to maintain any
such required office or agency in the Borough of Manhattan, The City of New
York, the Corporate Trust Office of the Trustee shall be conclusively deemed to
be the agency of the Company for all such purposes.

         SECTION 10.03. Money for Security Payments to be Held in Trust.

         If the Company shall at any time act as its own Paying Agent, it will,
on or before each due date of the principal of or premium, if any, or interest
on, any of the Securities, segregate and hold in trust for the benefit of the
Persons entitled thereto a sum sufficient to pay the principal or premium, if
any, or interest so becoming due until such sums shall be paid to such Persons
or otherwise disposed of as herein provided, and will promptly notify the
Trustee of its action or failure so to act. Whenever the Company shall have one
or more Paying Agents it will, prior to 10:00 am on each due date of the
principal of or interest on, any Securities, deposit with a Paying Agent a sum
sufficient to pay the principal or premium, if any, or interest, so becoming
due, such sum to be held in trust for the benefit of the Persons entitled to
such principal or premium, if any, or interest, and (unless such Paying Agent is
the Trustee) the Company will promptly notify the Trustee of its action or
failure so to act.

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

              (1) hold all sums held by it for the payment of the principal of
         or premium, if any, or interest on Securities in trust for the benefit
         of the Persons entitled thereto until such sums shall be paid to such
         Persons or otherwise disposed of as herein provided;

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

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

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

         Any money deposited with the Trustee or any Paying Agent, or then held
by the Company, in trust for the payment of the principal of or premium, if any,
or interest on any Security and remaining unclaimed for two years after such
principal or premium, if any or

<PAGE>

                                                                              50

interest has become due and payable shall be paid to the Company on Company
Request, or (if then held by the Company) shall be discharged from such trust;
and the Holder of such Security shall thereafter, as an unsecured general
creditor, look only to the Company for payment thereof, and all liability of the
Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company as trustee thereof, shall thereupon cease; provided, however,
that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in a
newspaper published in the English language, customarily published on each
Business Day and of general circulation in the Borough of Manhattan, The City of
New York, notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such
publication, any unclaimed less than 30 days from the date of such publication,
any unclaimed balance of such money then remaining will be repaid to the
Company.

         SECTION 10.04. Payment of Taxes and Other Claims.

         The Company will, and will cause any Significant Subsidiary to,
promptly pay and discharge or cause to be paid and discharged all material
taxes, assessments and governmental charges or levies lawfully imposed upon it
or upon its income or profits or upon any of its property, real or personal, or
upon any part thereof, as well as all material claims for labor, materials and
supplies which, if unpaid, might by law become a lien or charge upon its
property; provided, however, that neither the Company nor any Significant
Subsidiary shall be required to pay or discharge or cause to be paid or
discharged any such tax, assessment, charge, levy, or claim if the amount,
applicability or validity thereof shall currently be contested in good faith by
appropriate proceedings and if the Company or such Significant Subsidiary, as
the case may be, shall have set aside on its books reserves deemed by it
adequate with respect thereto.

         SECTION 10.05. Maintenance of Properties.

         The Company will maintain and keep its properties and every part
thereof in such repair, working order and condition, and make or cause to be
made all such needful and proper repairs, renewals and replacements thereto, as
in the judgment of the Company are necessary in the interests of the Company;
provided, however, that nothing contained in this Section shall prevent the
Company from selling, abandoning or otherwise disposing of any of its properties
or discontinuing a part of its business from time to time if, in the judgment of
the Company, such sale, abandonment, disposition or discontinuance is advisable
and does not materially adversely affect the interests or business of the
Company.

         SECTION 10.06. Statement as to Default.

         The Company shall deliver to the Trustee, within 120 days after the end
of each fiscal year of the Company (which as of the date hereof is December 31),
an Officers' Certificate stating that in the course of the performance by the
signers of their duties as Officers of the Company, they would normally have
knowledge of any failure by the Company to comply with all conditions, or any
Default by the Company with respect to any covenants, under this Indenture, and
further stating whether or not they have knowledge of any such failure or
Default and, if so, specifying each such failure or Default and the nature
thereof. In the event an Officer of the Company comes to have actual knowledge
of a Default, regardless of the date,

<PAGE>

                                                                              51

the Company shall deliver an Officers' Certificate to the Trustee specifying
such Default and the nature and status thereof.

         SECTION 10.07. Corporate Existence.

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

         SECTION 10.08. Waiver of Certain Covenants.

         The Company may omit in any particular instance to comply with any
covenant or condition set forth in Section 10.04, 10.05 and 10.07 or any
covenant added for the benefit of any series of Securities as contemplated by
Section 3.01, if before or after the time for such compliance the Holders of at
least a majority in principal amount of the Securities of such series at the
time Outstanding shall, by Act of such Holders, waive such compliance in such
instance, but no such waiver shall extend to or affect such covenant or
condition except to the extent so expressly waived, and, until such waiver shall
become effective, the obligations of the Company and the duties of the Trustee
in respect of any such covenant or condition shall remain in full force and
effect.

         SECTION 10.09. Calculation of Original Issue Discount.

         The Company shall file with the Trustee promptly at the end of each
calendar year (i) a written notice specifying the amount of original issue
discount (including daily rates and accrual periods) accrued on Outstanding
Securities as of the end of such year and (ii) such other specific information
relating to such original issue discount as may then be relevant under the
Internal Revenue Code of 1986, as amended from time to time.

         SECTION 10.10  Reports.

         (a)   The Company shall deliver to the Trustee within 15 days after it
files them 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 by rules and regulations prescribe) which
the Company is required to file with the Commission pursuant to Section 13 or
15(d) of the Exchange Act; provided, however, the Company shall not be required
to deliver to the Trustee any materials for which the Company has sought and
received confidential treatment by the Commission. The Company also shall comply
with the other provisions of Section 314(a) of the Trust Indenture Act.

         (b)   Delivery of such reports, information and documents to the
Trustee is for informational purposes only and the Trustee's receipt of such
shall not constitute constructive notice of any informational contained therein
or determinable from information contained therein, including the Company's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to conclusively rely exclusively on Officers' Certificates).

         (c)   If at any time the Company is not subject to Section 13 or 15(d)
of the Exchange Act, upon the request of a Holder of a Security, the Company
will promptly furnish or cause to be furnished to such Holder or to a
prospective purchaser of such Security designated by such Holder, as the case
may be, the information, if any, required to be delivered by it pursuant to
Rule 144A(d)(4) under the Securities Act of 1933, as amended, to permit
compliance with Rule 144A in connection with the resale of such Security.

                                 ARTICLE ELEVEN

                            REDEMPTION OF SECURITIES

         SECTION 11.01. Applicability of Article. The provisions of this
Article shall be applicable to the Securities of any series which are redeemable
before their maturity except as otherwise specified as contemplated by Section
3.01 for Securities of such series.

         SECTION 11.02. Notice of Redemption; Selection of Securities. In case
the Company shall desire to exercise the right to redeem all, or, as the case
may be, any part of the Securities of any series in accordance with their terms,
it shall fix a date for redemption and shall mail or cause to be mailed a notice
of such redemption at least 30 and not more than 60 days prior to the date fixed
for redemption to the Holders of Secur ities of such series so to be redeemed as
a whole or in part at their last addresses as the same appear on the Security
Register. Such mailing shall be by first class mail. The notice if mailed in the
manner herein provided shall be conclusively presumed to have been duly given,
whether or not the Holder receives such notice. In any case, failure to give
such notice by mail or any defect in the notice to the Holder of any

<PAGE>

                                                                              52

Security of a series designated for redemption as a whole or in part shall not
affect the validity of the proceedings for the redemption of any other Security
of such series.

         Each such notice of redemption shall include CUSIP numbers and specify
the date fixed for redemption, the redemption price at which Securities of such
series are to be redeemed, the place or places of payment, that payment will be
made upon presentation and surrender of such Securities, that any interest
accrued to the date fixed for redemption will be paid as specified in said
notice, and that on and after said date any interest thereon or on the portions
thereof to be redeemed will cease to accrue. If less than all the Securities of
a series are to be redeemed the notice of redemption shall specify the numbers
of the Securities of that series to be redeemed. In case any Security of a
series is to be redeemed in part only, the notice of redemption shall state the
portion of the principal amount thereof to be redeemed and shall state that on
and after the date fixed for redemption, upon surrender of such Security, a new
Security or Securities of that series in principal amount equal to the
unredeemed potion thereof will be issued.

         Prior to 10:00 am on the redemption date specified in the notice of
redemption given as provided in this Section 11.02, the Company will deposit
with the Trustee or with one or more paying agents an amount of money sufficient
to redeem on the redemption date all the Securities or portions thereof so
called for redemption at the appropriate redemption price, together with accrued
interest to the date fixed for redemption.

         If all or less than all the Securities of a series are to be redeemed,
the Company will give the Trustee notice not less than 60 days prior to the
redemption date as to the aggregate principal amount of Securities to be
redeemed and the Trustee shall select, in such manner as in its sole discretion
it shall deem appropriate, the Securities of that series or portions thereof (in
multiples of $1,000, except as otherwise set forth in the applicable form of
Security) to be redeemed.

         SECTION 11.03. Payment of Securities Called for Redemption. If notice
of redemption has been given as provided in Section 11.02 or Section 12.03, the
Securities or portions of Securities of the series with respect to which such
notice has been given shall become due and payable on the date and at the place
or places stated in such notice at the applicable redemption price, together
with any interest accrued to the date fixed for redemption, and on and after
said date (unless the Company shall default in the payment of such Securities at
the applicable redemption price, together with any interest accrued to said
date) any interest on the Securities or portions of Securities of any series so
called for redemption shall cease to accrue. On presentation and surrender of
such Securities at a place of payment in said notice specified, the said
Securities or the specified portions thereof shall be paid and redeemed by the
Company at the applicable redemption price, together with any interest accrued
thereon to the date fixed for redemption.

         Upon presentation of any Security redeemed in part only, the Company
shall execute and the Trustee shall authenticate and deliver to the Holder
thereof, at the expense of the Company, a new Security or Securities of such
series, of authorized denominations, in principal amount equal to the unredeemed
portion of the Security so presented.

<PAGE>

                                                                              53

                                 ARTICLE TWELVE

                                  SINKING FUNDS

         SECTION 12.01. Applicability of Article. The provisions of this
Article shall be applicable to any sinking fund for the retirement of Securities
of a series except as otherwise specified as contemplated by Section 3.01 for
Securities of such series.

         The minimum amount of any sinking fund payment provided for by the
terms of Securities of any series is herein referred to as a "mandatory sinking
fund payment", and any payment in excess of such minimum amount provided for by
the terms of Securities of any series is herein referred to as an "optional
sinking fund payment".

         SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with
Securities. In lieu of making all or any part of any mandatory sinking fund
payment with respect to any Securities of a series in cash, the Company may at
its option (a) deliver to the Trustee Securities of that series theretofore
purchased or otherwise acquired by the Company, or (b) receive credit for the
principal amount of Securities of that series which have been previously
delivered by the Trustee to the Company which have been redeemed either at the
election of the Company pursuant to the terms of such Securities or through the
application of permitted optional sinking fund payments pursuant to the terms of
such Securities; provided that such Securities have not been previously so
credited. Such Securities shall be received and credited for such purpose by the
Trustee at the Redemption Price specified in such Securities for redemption
through operation of the sinking fund and the amount of such mandatory sinking
fund payment shall be reduced accordingly.

         SECTION 12.03. Redemption of Securities for Sinking Fund. Not less
than 60 days prior to each sinking fund payment date for any series of
Securities, the Company will deliver to the Trustee a certificate signed by the
Treasurer or any Assistant Treasurer of the Company specifying the amount of the
next ensuing sinking fund payment for that series pursuant to the terms of that
series, the portion thereof, if any, which is to be satisfied by payment of cash
and the portion thereof, if any, which is to be satisfied by delivering or
crediting Securities of that series pursuant to Section 12.02 (which Securities
will, if not previously delivered, accompany such certificate) and whether the
Company intends to exercise its right to make a permitted optional sinking fund
payment with respect to such series. Such certificate shall also state that no
Event of Default has occurred and is continuing with respect to such series.
Such certificate shall be irrevocable and upon its delivery the Company shall be
obligated to make the cash payment or payments therein referred to, if any, on
or before the next succeeding sinking fund payment date. In the case of the
failure of the Company to deliver such certificate (or to deliver the Securities
specified in this paragraph), the sinking fund payment due on the next
succeeding sinking fund payment date for that series shall be paid entirely in
cash and shall be sufficient to redeem the principal amount of such Securities
subject to a mandatory sinking fund payment without the option to deliver or
credit Securities as provided in Section 12.02 and without the right to make any
optional sinking fund payment, if any, with respect to such series.

         Any sinking fund payment or payments (mandatory or optional) made in
cash plus any unused balance of any preceding sinking fund payments made in cash
which shall equal or exceed $100,000 (or a lesser sum if the Company shall so
request) with respect to the Securities

<PAGE>

                                                                              54

of any particular series shall be applied by the Trustee on the sinking fund
payment date on which such payment is made (or, if such payment is made before a
sinking fund payment date, on the sinking fund payment date following the date
of such payment) to the redemption of such Securities at the Redemption Price
specified in such Securities for operation of the sinking fund together with
accrued interest to the date fixed for redemption. Any sinking fund moneys not
so applied or allocated by the Trustee to the redemption of Securities shall be
added to the next cash sinking fund payment received by the Trustee for such
series and, together with such payment, shall be applied in accordance with the
provisions of this Section 12.03. Any and all sinking fund moneys with respect
to the Securities of any particular series held by the Trustee on the last
sinking fund payment date with respect to Securities of such series and not held
for the payment or redemption of particular Securities shall be applied by the
Trustee, together with other moneys, if necessary, to be deposited sufficient
for the purpose, to the payment of the principal of the Securities of that
series at maturity.

         The Trustee shall select the Securities to be redeemed upon such
sinking fund payment date in the manner specified in the last paragraph of
Section 11.02 and the Company shall cause notice of the redemption thereof to be
given in the manner provided in Section 11.02 except that the notice of
redemption shall also state that the Securities are being redeemed by operation
of the sinking fund. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Section
11.03.

         Prior to 10:00 am on each sinking fund payment date, the Company shall
pay to the Trustee in cash a sum equal to any interest accrued to the date fixed
for redemption of Securities or portions thereof to be redeemed on such sinking
fund payment date pursuant to this Section.

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

                                ARTICLE THIRTEEN

                                HOLDERS' MEETINGS

         SECTION 13.01. Purposes of Meetings. A meeting of Holders of
Securities of any or all series may be called at any time and from time to time
pursuant to the provisions of this Article for any one or more of the following
purposes.

<PAGE>

                                                                              55

              (1) 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
         default hereunder and its consequences, or to take any other action
         authorized to be taken by Holders pursuant to any of the provisions of
         Article Five;

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

              (3) to consent to the execution of an indenture or indentures
         supplemental hereto pursuant to the provisions of Section 9.02; or

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

         SECTION 13.02. Call of Meetings by Trustee. The Trustee may at any
time call a meeting of Holders of Securities of any or all series to take any
action specified in Section 13.01, to be held at such time and at such place in
the Borough of Manhattan, The City of New York, as the Trustee shall determine.
Notice of every meeting of the Holders of Securities of any or all series,
setting forth the time and the place of such meeting and in general terms the
action proposed to be taken at such meeting, shall be mailed not less than 20
nor more than 60 days prior to the date fixed for the meeting to Holders of
Securities of each series affected.

         SECTION 13.03. Call of Meetings by Company or Holders.

         In case at any time the Company, pursuant to a Board Resolution, or the
Holders of not less than 10% in aggregate principal amount of the Outstanding
Securities of any series shall have requested the Trustee to call a meeting of
Holders of Securities of the series of which they hold not less than 10%, to
take any action authorized in Section 13.01, by written request setting forth in
reasonable detail the action proposed to be taken at the meeting, and the
Trustee shall not have mailed notice of such meeting within 20 days after
receipt of such request, then the Company or the Holders in the amount above
specified may determine the time and the place for such meeting and may call
such meeting to take any action authorized in Section 13.01 by mailing notice
thereof as provided in Section 13.02.

         SECTION 13.04. Qualifications for Voting.

         To be entitled to vote at any meeting of Holders, a Person shall be a
Holder at the close of business two Business Days prior to such meeting of one
or more Securities with respect to which such meeting is being held or be a
Person appointed by an instrument in writing as proxy by such a Holder. The only
Persons who will be entitled to be present or to speak at any meeting of Holders
shall be the Persons entitled to vote at such meeting and their counsel and any
representatives of the Trustee and its counsel and any representatives of the
Company and its counsel.

         SECTION 13.05. Regulations.

         Notwithstanding any other provision of this Indenture, the Trustee may
make such reasonable regulations as it may deem advisable for any meeting of
Holders, in regard to the

<PAGE>
                                                                            56

appointment of proxies, 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. Except as otherwise permitted or required by any such
regulations, the holding of Securities shall be proved in the manner specified
in Section 1.04 and the appointment of any proxy shall be proved in the manner
specified in said Section 1.04; provided, however, that such regulations may
provide that written instruments appointing proxies, regular on their face, may
be presumed valid and genuine without the proof hereinbefore or in said Section
1.04 specified.

         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 the Holders as provided in Section 13.03, in which case the Company
or the Holders calling the meeting, as the case may be, shall in like manner
appoint a temporary chairman. A permanent chairman and a permanent secretary of
the meeting may be elected by vote of the Holders of a majority in principal
amount of the Securities with respect to which such meeting is being held
represented at the meeting and entitled to vote.

         At any meeting each Holder or proxy shall be entitled to one vote for
each $1,000 principal amount of Securities with respect to which such meeting is
being held or represented by him and Outstanding (in the case of Original Issue
Discount Securities, such principal amount to be determined as provided in the
definition of "Outstanding"); provided, however, that no vote shall be cast or
counted at any meeting in respect of any Security challenged as not Outstanding
and ruled by the chairman of the meeting to be not Outstanding. The chairman of
the meeting shall have no right to vote other than by virtue of Securities held
by him or instruments in writing as aforesaid duly designating him as the Person
to vote on behalf of other Holders. Any meeting of Holders duly called pursuant
to the provisions of Section 13.02 or 13.03 may be adjourned from time to time
by vote of the Holders (or proxies for such Holders) of a majority of the
Securities with respect to which such meeting is being held represented at the
meeting, and entitled to vote, and the meeting may be held as so adjourned
without further notice.

         Notwithstanding anything in this Section to the contrary, at any
meeting of Holders, the presence of Persons holding or representing Securities
with respect to which such meeting is being held in an aggregate principal
amount sufficient under the appropriate provision of this Indenture to take
action on any business for the transaction of which such meeting was called
shall constitute a quorum, but, if less than a quorum is present, the Persons
holding or representing a majority in aggregate principal amount of such
Securities represented at the meeting may adjourn such meeting with the same
effect, for all intents and purposes, as though a quorum had been present.

         SECTION 13.06. Voting.

         The vote upon any resolution submitted to any meeting of Holders of
Securities with respect to which such meeting is being held shall be by written
ballots on which shall be subscribed the signature of such Holders or proxies
and the serial number or numbers and the principal amounts of the Securities
held or represented by them. The 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

<PAGE>

                                                                              57

proceedings of each meeting of 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 mailed as provided in Section
13.02. The record shall be signed and verified by the affidavits of the 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, the latter
to have attached thereto the ballots voted at the meeting.

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

         SECTION 13.07. Revocation by Holders.

         At any time prior to (but not after) the evidencing to the Trustee, in
the manner provided in Section 1.04, of 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 Person who is the Holder of a
Security the serial number of which is 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 and upon proof of holding as provided in
Section 1.04, revoke such consent so far as concerns such Security, or if such
Security is a Predecessor Security, so far as concerns the portion of such
Security of which such Persons is the Holder. Except as aforesaid any such
consent given 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
Security issued in exchange therefor or in lieu thereof, irrespective of whether
or not any notation in regard thereto is made upon such Security. Any action
taken by the Holders of the percentage in aggregate principal amount of the
Securities specified in this Indenture in connection with such action shall be
conclusively binding upon the Company, the Trustee and the Holders of all the
Securities.

         SECTION 13.08. No Delay.

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

         SECTION 13.09. Action by Holders. Whenever in this Indenture it is
provided that the Holders of a specified percentage in aggregate principal
amount of the Securities of any or all series may take any action (including the
making of any demand or request, the giving of any notice, consent or waiver or
the taking of any other 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 Holders in person or by agent or proxy appointed in writing, or
(b) by the record of such Holders voting in favor thereof at any meeting of such
Holders duly called and held in accordance with the provisions of this Article
Thirteen, or (c) by a combination of such instrument or instruments and any such
record of such a meeting of such Holders.

<PAGE>

                                                                              58

                                ARTICLE FOURTEEN

                                   DEFEASANCE

         SECTION 14.01. Applicability of Article. The provisions of this
Article shall be applicable to Securities of a series except as otherwise
specified pursuant to Section 3.01 for Securities of such series.

         SECTION 14.02. Defeasance Upon Deposit of Moneys or U.S. Government
Obligations. At the Company's option, either (a) the Company shall be deemed to
have been Discharged (as defined below) from its obligations with respect to
Securities of any series ("Legal Defeasance Option") or (b) the Company shall
cease to be under any obligation to comply with any term, provision or condition
set forth in Sections 8.01, 10.04 and 10.05 with respect to Securities of any
series (and, if so specified pursuant to Section 3.01, any other obligation of
the Company or restrictive covenant added for the benefit of such series
pursuant to Section 3.01) ("Covenant Defeasance Option") at any time after the
applicable conditions set forth below have been satisfied:

              (1) the Company shall have deposited or caused to be deposited
         irrevocably with the Trustee as trust funds in trust, specifically
         pledged as security for, and dedicated solely to, the benefit of the
         Holders of the Securities of such series (i) money in an amount, or
         (ii) U.S. Government Obligations (as defined below) which through the
         payment of interest and principal in respect thereof in accordance with
         their terms will provide, not later than one day before the due date of
         any pay ment, money in an amount, or (iii) a combination of (i) and
         (ii), sufficient, in the opinion (with respect to (i) and (ii)) of a
         nationally recognized firm of independent public accountants expressed
         in a written certification thereof delivered to the Trustee, to pay and
         discharge each installment of principal (including any mandatory
         sinking fund payments) of and premium, if any, and interest on, the
         Outstanding Securities of such series on the dates such installments of
         interest or principal and premium are due;

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

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

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

<PAGE>

                                                                              59

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

         Notwithstanding the foregoing, if the Company exercises its covenant
defeasance option and an Event of Default under Section 5.01(e) or event which
with the giving of notice or lapse of time, or both, would become an Event of
Default under Section 5.01(e) shall have occurred and be continuing on the 91st
day after the date of such deposit, the obligations of the Company referred to
under the definition of covenant defeasance option with respect to such
Securities shall be reinstated.

         "Discharged" means that the Company shall be deemed to have paid and
discharged the entire indebtedness represented by, and obligations under, the
Securities of such series and to have satisfied all the obligations under this
Indenture relating to the Securities of such series (and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging the
same), except (A) the rights of Holders of Securities of such series to receive,
from the trust fund described in clause (1) above, payment of the principal of
(and premium, if any) and interest on such Securities when such payments are
due, (B) the Company's obligations with respect to the Securities of such series
under Sections 3.05, 3.06, 3.07, 10.02 and 14.03 and to the Trustee under
Section 6.07 and (C) the rights, powers, trusts, duties and immunities of the
Trustee hereunder.

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

         SECTION 14.03. Deposited Moneys and U.S. Government Obligations to Be
Held in Trust. All moneys and U.S. Government Obligations deposited with the
Trustee pursuant to Section 14.02 in respect of Securities of a series shall be
held in trust and applied by it, in accordance with the provisions of such
Securities and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company a cting as its own Paying Agent) as the
Trustee may determine, to the Holders of such Securities, of all sums due and to
become due thereon for principal (and premium, if any) and interest, if any, but
such money need not be segregated from other funds except to the extent required
by law.

<PAGE>

                                                                             60

         SECTION 14.04. Repayment to Company.

         Any money deposited with the Trustee or any Paying Agent, or then held
by the Company, in trust for the payment of the principal of, premium or
interest on any Security and remaining unclaimed for two years after such
principal and premium, if any, or interest has become due and payable shall be
paid to the Company on its request or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Security shall thereafter, as
an unsecured creditor, look only to the Company for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such trust money,
and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent, before being required
to make any such repayment, may at the expense of the Company cause to be
published once, in The New York Times and The Wall Street Journal (national
edition), notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such
notification or publication, any unclaimed balance of such money then remaining
will be repaid to the Company.

                                   * * * * * *

<PAGE>

                                                                              61

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

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

                                  L-3 COMMUNICATIONS HOLDINGS, INC.

                                  By:
                                     -------------------------------------------
                                     Name
                                     Title

                                       By:
                                          --------------------------------------
                                          Name
                                          Title

                                  THE BANK OF NEW YORK

                                  By:
                                     -------------------------------------------
                                     Name
                                     Title<PAGE>

                                                                     Exhibit 4.6
================================================================================

                               L-3 COMMUNICATIONS
                                     ISSUER

                        L-3 COMMUNICATIONS HOLDINGS, INC.
                                    GUARANTOR

                                       and

                              THE BANK OF NEW YORK
                                     TRUSTEE

                               ------------------

                                    INDENTURE

                               ------------------

                        DATED AS OF ___________ __, 2002

================================================================================

                      FORM OF L-3 COMMUNICATIONS INDENTURE

<PAGE>

                                                                     Exhibit 4.6

                         L-3 COMMUNICATIONS CORPORATION
         Reconciliation and tie between Trust Indenture Act of 1939 and
                     Indenture, dated as of _______ __, 2002

TRUST INDENTURE ACT SECTION                        INDENTURE SECTION
---------------------------                        -----------------
ss.310(a)(1).......................................   6.09
      (a)(2).......................................   6.09
      (a)(3).......................................   Not Applicable
      (a)(4).......................................   Not Applicable
      (b)..........................................   6.08
                                                      6.10
ss.311(a)..........................................   6.13(a)
      (b)..........................................   6.13(b)

ss.312(a)..........................................   7.01
                                                      7.02(a)
      (b)..........................................   7.02(b)
      (c)..........................................   7.02(c)

ss.313(a)..........................................   7.03(a)
      (b)..........................................   7.03(b)
      (c)..........................................   7.03(a)
                                                      7.03(b)
      (d)..........................................   7.03(c)

ss.314(a)..........................................   7.04
      (c)(1).......................................   1.02
      (c)(2).......................................   1.02
      (c)(3).......................................   Not Applicable
      (d)..........................................   Not Applicable
      (e)..........................................   1.02

ss.315(a)..........................................   6.01(a)
      (b)..........................................   6.02
      (c)..........................................   6.01(b)
      (d)..........................................   6.01(c)
      (d)(1).......................................   6.01(c)
      (d)(2).......................................   6.01(c)(2)
      (d)(3).......................................   6.01(c)(3)
      (e)..........................................   5.09

ss.316(a)..........................................   5.08
      (a)(1)(A)....................................   5.08
      (a)(1)(B)....................................   5.02
                                                      5.08
      (a)(2).......................................   Not Applicable
      (b)..........................................   5.05

ss.317(a)(1).......................................   5.03
      (a)(2).......................................   5.03
      (b)..........................................   10.03

ss.318(a)..........................................   1.07

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

<PAGE>

<TABLE>
<CAPTION>

                                              TABLE OF CONTENTS

                                                                                                                       PAGE
                                                                                                                       ----
<S>                                                                                                                   <C>
PARTIES..................................................................................................................1
RECITALS.................................................................................................................1

ARTICLE ONE    DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION...................................................1

       SECTION 1.01. Definitions ........................................................................................1
       "Act" ............................................................................................................2
       "Affiliate" ......................................................................................................2
       "Authenticating Agent" ...........................................................................................2
       "Board of Directors" .............................................................................................2
       "Board Resolution" ...............................................................................................2
       "Business Day" ...................................................................................................2
       "Commission" .....................................................................................................2
       "Company" ........................................................................................................2
       "Company Request" and "Company Order" ............................................................................3
       "Corporate Trust Office" .........................................................................................3
       "Covenant Defeasance Option" .....................................................................................3
       "Default" ........................................................................................................3
       "Defaulted Interest" .............................................................................................3
       "Discharged" .....................................................................................................3
       "Eligible Guarantors" ............................................................................................3
       "Event of Default" ...............................................................................................3
       "Exchange Act" ...................................................................................................3
       "Global Security" ................................................................................................3
       "Guarantee" ......................................................................................................3
       "Guarantor" ......................................................................................................3
       "Holder" .........................................................................................................3
       "Indenture" ......................................................................................................3
       "interest" .......................................................................................................4
       "Interest Payment Date" ..........................................................................................4
       "Legal Defeasance Option" ........................................................................................4
       "Maturity" .......................................................................................................4
       "Officer" ........................................................................................................4
       "Officers' Certificate" ..........................................................................................4
       "Opinion of Counsel" .............................................................................................4
       "Original Issue Discount Security" ...............................................................................4
       "Outstanding" ....................................................................................................4
       "Parent Guarantor" ...............................................................................................5
       "Paying Agent" ...................................................................................................5
       "Person" .........................................................................................................5
       "Predecessor Security" ...........................................................................................5

                                                                   i
<PAGE>
                                                                                                                        PAGE
                                                                                                                        ----
       "Redemption Date" ................................................................................................5
       "Redemption Price" ...............................................................................................5
       "Regular Record Date" ............................................................................................5
       "Responsible Officer" ............................................................................................6
       "Securities" .....................................................................................................6
       "Security Register" and "Security Registrar" .....................................................................6
       "Significant Subsidiary" .........................................................................................6
       "Special Record Date" ............................................................................................6
       "Stated Maturity" ................................................................................................6
       "Subsidiary" .....................................................................................................6
       "Trustee" ........................................................................................................6
       "Trust Indenture Act" ............................................................................................6
       "United States" ..................................................................................................6
       "U.S. Depositary" ................................................................................................7
       "U.S. Government Obligations" ....................................................................................7
       "Voting Stock" ...................................................................................................7
       "Yield to Maturity" ..............................................................................................7
       SECTION 1.02. Compliance Certificates and Opinions ...............................................................7
       SECTION 1.03. Form of Documents Delivered to Trustee .............................................................8
       SECTION 1.04. Acts of Holders ....................................................................................8
       SECTION 1.05. Notices, etc., to Trustee, Company and Parent Guarantor ............................................9
       SECTION 1.06. Notice to Holders; Waiver ..........................................................................9
       SECTION 1.07. Conflict with Trust Indenture Act .................................................................10
       SECTION 1.08. Effect of Headings and Table of Contents ..........................................................10
       SECTION 1.09. Successors and Assigns ............................................................................10
       SECTION 1.10. Separability Clause ...............................................................................10
       SECTION 1.11. Benefits of Indenture .............................................................................10
       SECTION 1.12. Governing Law .....................................................................................10
       SECTION 1.13. Legal Holidays ....................................................................................10
       SECTION 1.14. Indenture and Securities Solely Corporate Obligations .............................................10
       SECTION 1.15. No Security Interest Created ......................................................................11

ARTICLE TWO    SECURITY FORMS...........................................................................................11

       SECTION 2.01. Forms Generally ...................................................................................11
       SECTION 2.02. Form of Trustee's Certificate of Authentication ...................................................11
       SECTION 2.03. Securities in Global Form .........................................................................11

ARTICLE THREE    THE SECURITIES ........................................................................................12

       SECTION 3.01. Amount Unlimited; Issuable in Series ..............................................................12
       SECTION 3.02. Denominations .....................................................................................14
       SECTION 3.03. Authentication and Dating .........................................................................14
       SECTION 3.04. Execution of Securities ...........................................................................15
       SECTION 3.05. Exchange and Registration of Transfer of Securities ...............................................15

                                                             ii
<PAGE>
                                                                                                                        PAGE
                                                                                                                        ----
       SECTION 3.06. Mutilated, Destroyed, Lost or Stolen Securities ...................................................16
       SECTION 3.07. Temporary Securities ..............................................................................17
       SECTION 3.08. Payment of Interest; Interest Rights Preserved ....................................................18
       SECTION 3.09. Persons Deemed Owners .............................................................................20
       SECTION 3.10. Cancellation ......................................................................................20
       SECTION 3.11. Computation of Interest ...........................................................................20
       SECTION 3.12. CUSIP Numbers .....................................................................................20

ARTICLE FOUR    SATISFACTION AND DISCHARGE .............................................................................20

       SECTION 4.01. Satisfaction and Discharge of Indenture ...........................................................20
       SECTION 4.02. Application of Trust Money ........................................................................21

ARTICLE FIVE    REMEDIES ...............................................................................................22

       SECTION 5.01. Events of Default .................................................................................22
       SECTION 5.02. Acceleration of Maturity; Rescission and Annulment ................................................23
       SECTION 5.03. Payment of Securities on Default; Suit Therefor ...................................................24
       SECTION 5.04. Application of Moneys Collected by Trustee ........................................................26
       SECTION 5.05. Proceedings by Holders ............................................................................26
       SECTION 5.06. Proceedings by Trustee ............................................................................27
       SECTION 5.07. Remedies Cumulative and Continuing ................................................................27
       SECTION 5.08. Direction of Proceedings and Waiver of Defaults by Majority of Holders ............................27
       SECTION 5.09. Undertaking to Pay Costs ..........................................................................28

ARTICLE SIX    THE TRUSTEE .............................................................................................28

       SECTION 6.01. Certain Duties and Responsibilities ...............................................................28
       SECTION 6.02. Notice of Defaults ................................................................................29
       SECTION 6.03. Certain Rights of Trustee .........................................................................30
       SECTION 6.04. Not Responsible for Recitals or Issuance of Securities ............................................31
       SECTION 6.05. May Hold Securities ...............................................................................31
       SECTION 6.06. Money Held in Trust ...............................................................................31
       SECTION 6.07. Compensation and Reimbursement ....................................................................31
       SECTION 6.08. Disqualification; Conflicting Interests ...........................................................32
       SECTION 6.09. Corporate Trustee Required; Eligibility ...........................................................32
       SECTION 6.10. Resignation and Removal; Appointment of Successor .................................................33
       SECTION 6.11. Acceptance of Appointment by Successor ............................................................34
       SECTION 6.12. Merger, Conversion, Consolidation or Succession to Business .......................................35
       SECTION 6.13. Preferential Collection of Claims Against Company .................................................35
       SECTION 6.14. Appointment of Authenticating Agent ...............................................................39

ARTICLE SEVEN    HOLDER'S LISTS AND REPORTS BY TRUSTEE AND COMPANY .....................................................40

                                                              iii
<PAGE>
                                                                                                                        PAGE
                                                                                                                        ----

       SECTION 7.01. Company to Furnish Trustee Names and Addresses of Holders .........................................40
       SECTION 7.02. Preservation of Information:  Communications to Holders ...........................................41
       SECTION 7.03. Reports by Trustee ................................................................................42
       SECTION 7.04. Reports by Company ................................................................................43

ARTICLE EIGHT    CONSOLIDATION, MERGER, SALE, CONVEYANCE OR LEASE ......................................................44

       SECTION 8.01. Consolidations and Mergers of Company and the Parent Guarantor and Conveyances Permitted Subject
                     to Certain Conditions .............................................................................44
       SECTION 8.02. Rights and Duties of Successor Corporation ........................................................44
       SECTION 8.03. Officers' Certificate and Opinion of Counsel ......................................................45

ARTICLE NINE    SUPPLEMENTAL INDENTURES ................................................................................45

       SECTION 9.01. Supplemental Indentures without Consent of Holders ................................................45
       SECTION 9.02. Supplemental Indentures with Consent of Holders ...................................................47
       SECTION 9.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures ............................48
       SECTION 9.04. Notation on Securities ............................................................................48
       SECTION 9.05. Evidence of Compliance of Supplemental Indenture to be Furnished Trustee ..........................48

ARTICLE TEN    COVENANTS ...............................................................................................49

       SECTION 10.01. Payment of Principal and Interest.................................................................49
       SECTION 10.02. Maintenance of Office or Agency...................................................................49
       SECTION 10.03. Money for Security Payments to be Held in Trust...................................................49
       SECTION 10.04. Payment of Taxes and Other Claims.................................................................50
       SECTION 10.05. Maintenance of Properties.........................................................................51
       SECTION 10.06. Statement as to Default...........................................................................51
       SECTION 10.07. Corporate Existence...............................................................................51
       SECTION 10.08. Waiver of Certain Covenants.......................................................................51
       SECTION 10.09. Calculation of Original Issue Discount............................................................51

ARTICLE ELEVEN    REDEMPTION OF SECURITIES..............................................................................52

       SECTION 11.01. Applicability of Article..........................................................................52
       SECTION 11.02. Notice of Redemption; Selection of Securities.....................................................52
       SECTION 11.03. Payment of Securities Called for Redemption.......................................................53

ARTICLE TWELVE    SINKING FUNDS.........................................................................................53

       SECTION 12.01. Applicability of Article..........................................................................53
       SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with Securities...................................53
       SECTION 12.03. Redemption of Securities for Sinking Fund.........................................................54

                                                             iv
<PAGE>

                                                                                                                        PAGE
                                                                                                                        ----
ARTICLE THIRTEEN    HOLDERS' MEETINGS...................................................................................55

       SECTION 13.01. Purposes of Meetings..............................................................................55
       SECTION 13.02. Call of Meetings by Trustee.......................................................................55
       SECTION 13.03. Call of Meetings by Company or Holders............................................................55
       SECTION 13.04. Qualifications for Voting.........................................................................56
       SECTION 13.05. Regulations.......................................................................................56
       SECTION 13.06. Voting............................................................................................57
       SECTION 13.07. Revocation by Holders.............................................................................57
       SECTION 13.08. No Delay..........................................................................................58
       SECTION 13.09. Action by Holders.................................................................................58

ARTICLE FOURTEEN    DEFEASANCE..........................................................................................58

       SECTION 14.01. Applicability of Article..........................................................................58
       SECTION 14.02. Defeasance Upon Deposit of Moneys or U.S. Government Obligations..................................58
       SECTION 14.03. Deposited Moneys and U.S. Government Obligations to Be Held in Trust..............................60
       SECTION 14.04. Repayment to Company..............................................................................60

ARTICLE FIFTEEN    GUARANTEES...........................................................................................60

       SECTION 15.01. Guarantees........................................................................................60
       SECTION 15.02. Obligations of the Guarantor Unconditional........................................................62
       SECTION 15.03. Article Fifteen Not To Prevent Events of Default..................................................62
       SECTION 15.04. Execution and Delivery of Guarantee...............................................................62
       SECTION 15.05. Ranking of Guarantee..............................................................................63

       SIGNATURES AND ATTESTATIONS......................................................................................66
       EXHIBIT A

                                                           v

</TABLE>

<PAGE>

     FORM OF INDENTURE, dated as of _________ __, 2002 among L-3 Communications
Corporation, a Delaware corporation (hereinafter called the "Company"), L-3
Communications Holdings, Inc. (the "Parent Guarantor") and The Bank of New York,
a New York banking corporation (hereinafter called the "Trustee").

                             RECITALS OF THE COMPANY

     WHEREAS, the Company has duly authorized the execution and delivery of this
Indenture to provide for the issuance from time to time of its unsecured
debentures, notes or other evidences of indebtedness to be issued in one or more
series (herein called the "Securities"), as in this Indenture provided, up to
such principal amount or amounts as may from time to time be authorized in or
pursuant to one or more Board Resolutions; and

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

                          RECITALS OF PARENT GUARANTOR

     WHEREAS, the Parent Guarantor desires to make the Guarantees provided for
herein; and

     WHEREAS, all things necessary to make this Indenture a valid agreement of
the Parent Guarantor, in accordance with its terms, have been done and the
Parent Guarantor will do all things necessary to make the Guarantee, when
executed by the Parent Guarantor and endorsed on the Securities authenticated
and delivered hereunder, the valid obligations of the Parent Guarantor as
hereinafter provided.

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

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

                                   ARTICLE ONE

                        DEFINITIONS AND OTHER PROVISIONS
                             OF GENERAL APPLICATION

     SECTION 1.01. Definitions.

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

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

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

          (3) all accounting terms not otherwise defined herein have the
     meanings assigned to them in accordance with generally accepted accounting
     principles, and the term "generally accepted accounting principles" with
     respect to any computation required or permitted hereunder shall mean such
     accounting principles which are generally accepted at the date or time of
     such computation; and

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

     Certain terms, used principally in Article Six, are defined in that
Article.

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

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

     "Authenticating Agent" means any authenticating agent appointed by the
Trustee pursuant to Section 6.14.

     "Board of Directors" means the board of directors of the Company or the
Parent Guarantor, as the case may be, or any duly authorized committee of that
board or any director or directors and/or officer or officers of the Company or
the Parent Guarantor, as the case may be, to whom that board or committee shall
have duly delegated its authority.

     "Board Resolution" means (1) 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, or (2) a certificate signed by the director or directors and/or
officer or officers to whom the Board of Directors or any duly authorized
committee of that board shall have duly delegated its authority, in each case
delivered to the Trustee for the Securities of any series.

     "Business Day" means each Monday, Tuesday, Wednesday, Thursday and Friday
which is not a day on which banking institutions in The City of New York are
authorized or required by law or executive order to be closed.

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

     "Company" means the Person named as the "Company" in the first paragraph of
this instrument until a successor corporation shall have become such pursuant to
the applicable provisions of this Indenture, and thereafter "Company" shall mean
such successor corporation.
<PAGE>
                                                                               3

     "Company Request" and "Company Order" mean, respectively, a written request
or order signed in the name of the Company by the Chairman of the Board, the
President or a Vice President (any reference to a Vice President of the Company
herein shall be deemed to include any Vice President of the Company whether or
not designated by a number or a word or words added before or after the title
"Vice President"), and by the Chief Financial Officer, Treasurer, an Assistant
Treasurer, the Controller, an Assistant Controller, the Secretary or an
Assistant Secretary of the Company, and delivered to the Trustee.

     "Corporate Trust Office" of the Trustee means the principal corporate trust
office of the Trustee at which at any particular time its corporate trust
business shall be principally administered, which office as of the date hereof
is located at 101 Barclay Street, Floor 21 West, New York, New York 10286,
Attention: Corporate Trust Administration.

     "Covenant Defeasance Option" has the meaning specified in Section 14.02.

     "Default" means an event which is, or after notice or lapse of time or both
would be, an Event of Default.

     "Defaulted Interest" has the meaning specified in Section 3.08.

     "Discharged" has the meaning specified in Section 14.02.

     "Eligible Guarantors" means the Parent Guarantor and each domestic
Subsidiary of the Parent Guarantor.

     "Event of Default" has the meaning specified in Article Five.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     "Global Security" means a Security evidencing all or part of a series of
Securities, including, without limitation, any temporary or permanent Global
Securities.

     "Guarantee" has the meaning specified in Section 15.01.

     "Guarantor" has the meaning specified in Section 3.01.

     "Holder" means a Person in whose name a Security is registered in the
Security Register.

     "Indenture" means this instrument as originally executed or as it may from
time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof, and shall
include the form and terms of particular series of Securities established as
contemplated hereunder; provided, however, that if at any time more than one
Person is acting as Trustee under this instrument, "Indenture" shall mean with
respect to any one or more series of Securities for which such Person is
Trustee, this instrument as originally executed or as it may from time to time
be supplemented or amended by one or more indentures supplemental hereto entered
into pursuant to the applicable provisions hereof and shall include the terms of
particular series of Securities for which such person is Trustee established as
contemplated by Section 3.01, exclusive, however, of any provisions or terms
which relate solely to other series of Securities for which such Person is not
Trustee, regardless
<PAGE>
                                                                               4

of when such terms or provisions were adopted, and exclusive of any
provisions or terms adopted by means of one or more indentures supplemental
hereto executed and delivered after such Person had become such Trustee but to
which such Person, as such Trustee, was not a party.

     "interest" when used with respect to non-interest bearing Securities means
interest payable after Maturity.

     "Interest Payment Date" means the Stated Maturity of an installment of
interest on the Security (in the case of an interest-bearing Security).

     "Legal Defeasance Option" has the meaning specified in Section 14.02.

     "Maturity" when used with respect to any Security means the date on which
the principal of such Security becomes due and payable as therein or herein
provided, whether at the Stated Maturity or by declaration of acceleration, call
for redemption or otherwise.

     "Officer" of the Company or the Parent Guarantor means the Chairman of the
Board, the Chief Executive Officer, the President, the Chief Financial Officer,
the Treasurer, the Controller, any Vice President or the Secretary of the
Company or the Parent Guarantor, as the case may be.

     "Officers' Certificate" means a certificate signed by the Chairman of the
Board, the President or a Vice President, and by the Chief Financial Officer,
the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller,
the Secretary or an Assistant Secretary of the Company, and delivered to the
Trustee.

     "Opinion of Counsel" means a written opinion of counsel, who may (except as
otherwise expressly provided in this Indenture) be counsel for the Company.

     "Original Issue Discount Security" means any Security which provides for an
amount less than the principal amount thereof to be due and payable upon a
declaration of acceleration of the maturity thereof pursuant to Section 5.02.

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

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

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

          (iii) Securities in exchange for or in lieu of which other Securities
     have been authenticated and delivered pursuant to this Indenture;
<PAGE>
                                                                               5

provided, however, that in determining whether the Holders of the requisite
aggregate principal amount of Outstanding Securities have given any request,
demand, authorization, direction, notice, consent or waiver hereunder,
Securities owned by the Company or any other obligor upon the Securities or any
Affiliate of the Company or such other obligor shall be disregarded and deemed
not to be Outstanding, except that, in determining whether the Trustee shall be
protected in relying upon any such request, demand, authorization, direction,
notice, consent or waiver, only Securities which a Responsible Officer of the
Trustee actually knows to be so owned shall be so disregarded. Securities so
owned which have been pledged in good faith may be regarded as Outstanding if
the pledgee established to the satisfaction of the Trustee the pledgee's right
so to act with respect to such Securities and that the pledgee is not the
Company or any other obligor upon the Securities or any Affiliate of the Company
or such other obligor.

     In determining whether the Holders of the requisite principal amount of
Outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder the principal amount of an Original Issue
Discount Security that shall be deemed to be Outstanding for such purpose shall
be the amount of the principal thereof that would be due and payable as of the
date of such determination upon a declaration of the acceleration of the
maturity thereof pursuant to Section 5.02.

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

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

     "Person" means any individual, corporation, limited liability company,
partnership, joint venture, association, joint-stock company, trust, estate,
unincorporated organization or government or any agency or political subdivision
thereof, and shall include any syndicate or group that would be deemed to be a
person under Section 13(d)(3) of the Exchange Act.

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

     "Redemption Date" when used with respect to any Security to be redeemed
means the date fixed for such redemption by or pursuant to the Board Resolution
or supplemental indenture establishing the series of Securities of which the
Security to be redeemed is a member.

     "Redemption Price" when used with respect to any Security to be redeemed
means the price at which it is to be redeemed pursuant to the Board Resolution
or supplemental indenture establishing the series of Securities of which the
Security to be redeemed is a member.

     "Regular Record Date" for the interest payable on any Interest Payment Date
(in the case of an interest-bearing Security) means such date or dates as may be
fixed for such purpose in the
<PAGE>
                                                                               6

Board Resolution or supplemental indenture establishing the series of Securities
of which the Security is a member.

     "Responsible Officer" when used with respect to the Trustee means any
officer in the Corporate Trust Office of the Trustee and also means, with
respect to a particular corporate trust matter, any other officer to whom such
matter is referred because of such officer's knowledge of and familiarity with
the particular subject.

     "Securities" has the meaning stated in the first recital of this Indenture
and more particularly means any Securities authenticated and delivered under
this Indenture; provided, however, that if at any time there is more than one
Person acting as Trustee under this instrument, "Securities" with respect to the
Indenture as to which such Person is Trustee shall have the meaning stated in
the first recital of this instrument and shall more particularly mean Securities
authenticated and delivered under this instrument, exclusive, however of
Securities of any series as to which such Person is not Trustee.

     "Security Register" and "Security Registrar" , have the meanings specified
in Section 3.05.

     "Significant Subsidiary" means any Subsidiary which is a "significant
subsidiary" within the meaning of Rule 405 under the Securities Act of 1933, as
amended.

     "Special Record Date" for the payment of any Defaulted Interest means a
date fixed by the Trustee pursuant to Section 3.08.

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

     "Subsidiary" means a corporation more than 50% of the outstanding voting
stock of which is owned, directly or indirectly, by the Company or by one or
more Subsidiaries, or by the Company and one or more Subsidiaries. For the
purposes of this definition only, "voting stock" means stock which ordinarily
has voting power for the election of directors, whether at all times or only so
long as no senior class of stock has such voting power by reason of any
contingency.

     "Trustee" means the Person named as the "Trustee" in the first paragraph of
this instrument until a successor Trustee shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter "Trustee" shall mean
such successor Trustee; provided, however, that if at any time there is more
than one such person, "Trustee" as used with respect to the Securities of any
series shall mean only the Trustee with respect to Securities of that series.

     "Trust Indenture Act" means the Trust Indenture Act of 1939, as amended by
the Trust Indenture Reform Act of 1990, as in force at the date as of which this
instrument was executed, except as provided in Section 9.03.

     "United States" means the United States excluding its territories and
possessions.
<PAGE>
                                                                               7

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

     "U.S. Government Obligations" has the meaning specified in Section 14.02.

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

     "Yield to Maturity" means the yield to maturity, calculated at the time of
issuance of a series of Securities or, if applicable, at the most recent
redetermination of interest on such series and calculated in accordance with
accepted financial practice.

     SECTION 1.02. Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take any
action under any provision of this Indenture, the Company shall, upon the
request of the Trustee, furnish to the Trustee (1) an Officers' Certificate
stating that all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with and (2) an Opinion of
Counsel stating that in the opinion of such counsel all such conditions
precedent, if any, have been complied with, except that in the case of any such
application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be
furnished.

     Every certificate (other than certificates provided pursuant to Section
10.06) or opinion with respect to compliance with a condition or covenant
provided for in this Indenture shall include

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

          (2) a brief statement as to the nature and scope of the examination or
     investigation upon which the statements or opinions contained in such
     certificate or opinion are based;

          (3) a statement that, in the opinion of each such individual, he has
     made such examination or investigation as is necessary to enable him to
     express an informed opinion as to whether or not such covenant or condition
     has been complied with; and

          (4) a statement as to whether, in the opinion of each such individual,
     such condition or covenant has been complied with.
<PAGE>
                                                                               8

     SECTION 1.03. Form of Documents Delivered to Trustee.

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

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

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

     SECTION 1.04. Acts of Holders.

     (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Indenture to be given or taken by Holders may
be embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by agent duly appointed in writing;
and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee, and,
where it is hereby expressly required, to the Company and/or the Parent
Guarantor. Such instrument or instruments (and the action embodied therein and
evidenced thereby) are herein sometimes referred to as the "Act" of the Holders
signing such instrument or instruments. Proof of execution of any such
instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Indenture and (subject to Section 6.01) conclusive in favor of
the Trustee and the Company and/or the Parent Guarantor and any agent of the
Trustee or the Company and/or the Parent Guarantor, if made in the manner
provided in this Section.

     (b) The fact and date of the execution by any Person of any such instrument
or writing may be proved by the affidavit of a witness of such execution or by
the certificate of any notary public or other officer authorized by law to take
acknowledgments of deeds, certifying that the individual signing such instrument
or writing acknowledged to him the execution thereof. Where such execution is by
an officer of a corporation or association or a member of a partnership or an
official of a public or governmental body, on behalf of such corporate,
association, partnership, or public or governmental body or by a fiduciary, such
certificate or affidavit shall also constitute sufficient proof of his
authority. The fact and date of the execution
<PAGE>
                                                                               9

by any Person of any such instrument or writing, or the authority of the Person
executing the same, may also be proved in any other manner which the Trustee
deems sufficient and in accordance with such reasonable rules as the Trustee may
determine.

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

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

     SECTION 1.05. Notices, etc., to Trustee, Company and Parent Guarantor.

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

          (1) the Trustee by any Holder or by the Company or by the Parent
     Guarantor shall be sufficient for every purpose hereunder if in writing and
     mailed, first-class postage prepaid, to the Trustee addressed to it at its
     Corporate Trust Office;

          (2) the Company or the Parent Guarantor, as the case may be, by the
     Trustee or by any Holder shall be sufficient for every purpose hereunder if
     in writing and mailed, first-class postage prepaid, to the Company or the
     Parent Guarantor, as the case may be, addressed to it at 600 Third Avenue,
     35th Floor, New York, New York 10016, Attention: Vice President-Finance, or
     at any other address previously furnished in writing to the Trustee by the
     Company or the Parent Guarantor, as the case may be.

     SECTION 1.06. Notice to Holders; Waiver.

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

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

<PAGE>
                                                                              10

     SECTION 1.07. Conflict with Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with the duties
imposed by any of Section 310 through 317, inclusive, of the Trust Indenture Act
through the operation of Section 318(c) thereof, such imposed duties shall
control.

     SECTION 1.08. Effect of Headings and Table of Contents.

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

     SECTION 1.09. Successors and Assigns.

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

     SECTION 1.10. Separability Clause.

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

     SECTION 1.11. Benefits of Indenture.

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

     SECTION 1.12. Governing Law.

     This Indenture and the Securities shall be governed by, and construed in
accordance with, the laws of the State of New York.

     SECTION 1.13. Legal Holidays.

     In any case where any Interest Payment Date, Redemption Date or Stated
Maturity of any Security shall not be a Business Day, then (notwithstanding any
other provision of this Indenture or the Security) payment of interest or
principal 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 the Interest Payment
Date or Redemption Date, or at the Stated Maturity, and no interest shall accrue
for the period from and after such Interest Payment Date, Redemption Date or
Stated Maturity, as the case may be.

     SECTION 1.14. Indenture and Securities Solely Corporate Obligations.

     No recourse for the payment of principal of or interest on any Security or
for any claim based on any Security or this Indenture shall be had against any
director or officer or stockholder, past, present or future, of the Company or
any other obligor with respect to the
<PAGE>
                                                                              11

Securities. Any such claim against any such Person is expressly waived as a
condition of, and as consideration for, the execution and delivery of this
Indenture and the issue of the Securities.

     SECTION 1.15. No Security Interest Created.

     Nothing in this Indenture or in the Securities, expressed or implied, shall
be construed to constitute a security interest under the Uniform Commercial Code
or similar legislation, as now or hereafter enacted and in effect, in any
jurisdiction where property of the Company or its Subsidiaries is located.

                                 ARTICLE TWO

                                 SECURITY FORMS

     SECTION 2.01. Forms Generally. The Securities of each series shall be in
substantially such form as shall be established by or 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 any law or with any rules made pursuant
thereto or with any rules of any securities exchange or as may, consistently
herewith, be determined by the officers executing such Securities, as evidenced
by their execution of the Securities.

     The definitive Securities shall be 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:

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

                                   The Bank of New York, as Trustee

                                   By______________________________
                                         Authorized Signatory

                                   Dated:__________________________

     SECTION 2.03. Securities in Global Form. If any Security of a series is
issuable in global form, such Global Security may provide that it shall
represent the aggregate amount of Outstanding Securities from time to time
endorsed thereon and may also provide that the aggregate amount of Outstanding
Securities represented thereby may from time to time be
<PAGE>
                                                                              12

reduced to reflect exchanges. Any endorsement of a Global Security to reflect
the amount, or any increase or decrease in the amount, of Outstanding Securities
represented thereby shall be made by the Trustee and in such manner as shall be
specified in such Global Security. Any instructions by the Company with respect
to a Global Security, after its initial issuance, shall be in writing but need
not comply with Section 1.02.

     None of the Company, the Trustee, any Paying Agent or the Security
Registrar will 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 interests.

                                 ARTICLE THREE

                                 THE SECURITIES

     SECTION 3.01. Amount Unlimited; Issuable in Series. The aggregate
principal amount of Securities which may be authenticated and delivered under
this Indenture is unlimited.

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

          (1) the title of the Securities of the series, including CUSIP Numbers
     (which shall distinguish the Securities of the series from all other
     Securities);

          (2) any limit upon the aggregate principal amount of the Securities of
     the series which may be authenticated and delivered under this Indenture
     (except for Securities authenticated and delivered upon registration of
     transfer of, or in exchange for, or in lieu of, other Securities of the
     series pursuant to Section 3.05, 3.06, 3.07, 9.04 or 11.03);

          (3) the date or dates on which the principal and premium, if any, of
     the Securities of the series is payable;

          (4) the rate or rates at which the Securities of the series shall bear
     interest, or the method by which such rate or rates shall be determined, if
     any, the date or dates from which such interest shall accrue, or the method
     by which such date or dates shall be determined, the interest payment dates
     on which such interest shall be payable and the record dates for the
     determination of Holders to whom interest is payable;

          (5) the place or places, if any, in addition to or instead of the
     Corporate Trust Office of the Trustee, where the principal of (and premium,
     if any) and interest on Securities of the series shall be payable; the
     extent to which, or the manner in which, any interest payable on any Global
     Security on an Interest Payment Date will be paid, if other than in the
     manner provided in Section 3.08; and the manner in which any principal of,
     or premium, if any, on, any Global Security will be paid, if other than as
     set forth elsewhere herein;
<PAGE>
                                                                              13

          (6) the price or prices at which, the period or periods within which
     and the terms and conditions upon which Securities of the series may be
     redeemed, in whole or in part, at the option of the Company, pursuant to
     any sinking fund or otherwise;

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

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

          (9) if other than the principal amount thereof, the portion of the
     principal amount of Securities of the series which shall be payable upon
     declaration of acceleration of the maturity thereof pursuant to Section
     5.02 or provable in bankruptcy pursuant to Section 5.03;

          (10) any Events of Default with respect to the Securities of a
     particular series, if not set forth herein or if other than as set forth
     herein;

          (11) the extent to which the defeasance provisions of this Indenture
     do not apply to the Securities of the series;

          (12) whether the Securities of the series shall be issued in whole or
     in part in the form of one or more Global Securities and, in such case, the
     U.S. Depositary for such Global Security or Securities; the manner in which
     and the circumstances under which Global Securities representing Securities
     of the series may be exchanged for Securities in definitive form, if other
     than, or in addition to, the manner and circumstances specified in Section
     3.07;

          (13) the ranking of the Securities of such series, if other than on a
     parity with all other unsecured, unsubordinated indebtedness of the
     Company;

          (14) provisions, if any, with regard to the conversion or exchange of
     the Securities of such series, at the option of the Holders thereof or the
     Company, as the case may be, for or into new Securities of a different
     series or common stock or other securities of the Company;

          (15) which, if any, of the Eligible Guarantors, in addition to the
     Parent Guarantor, shall guarantee the Securities on the terms set forth in
     Article Fifteen or in the applicable supplemental indenture (the Parent
     Guarantor, together with each of the other Eligible Guarantors that
     guarantees the Securities, if any, the "Guarantors," each, a "Guarantor");

          (16) the ranking of the obligations of each Guarantor under its
     respective Guarantee, if other than on parity with all other unsecured,
     unsubordinated indebtedness of such Guarantor;
<PAGE>
                                                                              14

          (17) any trustees, depositaries, authenticating or paying agents,
     transfer agents or registrars or any other agents with respect to the
     Securities of such series; and

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

     All Securities of any one series shall be substantially identical except as
to denomination and except as may otherwise be provided in or pursuant to such
resolution of the Board of Directors or in any such indenture supplemental
hereto.

     SECTION 3.02. Denominations. The Securities of each series shall be
issuable in registered form without coupons in such denominations as shall be
specified as contemplated by Section 3.01. In the absence of any such
specification with respect to the Securities of any series, the Securities of
such series shall be issuable in denominations of $1,000 and any integral
multiple thereof.

     SECTION 3.03. Authentication and Dating. At any time and from time to time
after the execution and delivery of this Indenture, the Company may deliver
Securities of any series executed by the Company to the Trustee for
authentication. Except as otherwise provided in this Article Three, the Trustee
shall thereupon authenticate and deliver said Securities to or upon a Company
Order, signed by two Officers of the Company by manual or facsimile signature.
In authenticating such Securities, and accepting the additional responsibilities
under this Indenture in relation to such Securities, the Trustee shall receive,
and (subject to Section 6.01) shall be fully protected in relying upon:

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

          (2) an executed supplemental indenture, if any;

          (3) an Officers' Certificate; and

          (4) an Opinion of Counsel, which shall also state

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

          (b) that the terms of such Securities have been established by or
     pursuant to a Board Resolution or by a supplemental indenture as permitted
     by Section 3.01 in conformity with the provisions of this Indenture;

          (c) that such Securities, when authenticated and delivered by the
     Trustee and issued by the Company in the manner and subject to any
     conditions specified in such Opinion of Counsel, will constitute valid and
     legally binding obligations of the Company, enforceable in accordance with
     their terms, subject to bankruptcy, insolvency, reorganization and other
     laws of general applicability relating to or affecting the enforcement of
     creditors' rights and to general equity principles; and
<PAGE>
                                                                              15

          (d) that all laws and requirements in respect of the execution and
     delivery by the Company of the Securities have been complied with and that
     authentication and delivery of the Securities by the Trustee will not
     violate the terms of the Indenture.

     The Trustee shall have the right to decline to authenticate and deliver any
Securities under this Section if the Trustee, being advised by counsel,
determines that such action may not lawfully be taken or if the Trustee in good
faith shall determine that such action would expose the Trustee to personal
liability to existing Holders.

     Each Security shall be dated the date of its authentication.

     SECTION 3.04. Execution of Securities. The Securities shall be signed in
the name and on behalf of the Company by the manual or facsimile signatures of
two Officers of the Company (which may be printed, engraved or otherwise
reproduced thereon, by facsimile or otherwise). Only such Securities as shall
bear thereon a certificate of authentication substantially in the form
hereinbefore recited, executed by the Trustee, shall be entitled to the benefits
of this Indenture or be valid or obligatory for any purpose. Such certificate by
the Trustee upon any Security executed by the Company shall be conclusive
evidence that the Security so authenticated has been duly authenticated and
delivered hereunder and that the Holder is entitled to the benefits of this
Indenture.

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

     SECTION 3.05. Exchange and Registration of Transfer of Securities.
Securities of any series may be exchanged for a like aggregate principal amount
of Securities of the same series of other authorized denominations. Securities
to be exchanged shall be surrendered at the office or agency to be maintained by
the Company in the Borough of Manhattan, The City of New York, as provided in
Section 10.02. The Trustee is hereby appointed "Security Registrar" for the
purpose of the registration of Securities and of transfer of Securities in the
Security Register as herein provided. The Company shall cause to be kept at the
Corporate Trust Office of the Trustee a register for each series of Securities
issued hereunder (hereinafter collectively referred to as the "Security
Register") in which, subject to such reasonable regulations at it may prescribe,
the Company shall provide for the registration of Securities and the transfer of
Securities as in this Article Three provided. The Security Register shall be in
written form or in any other form capable of being converted into written form
within a reasonable time. Upon due presentment for registration of transfer of
any Security of any series at such office or agency, the Company shall execute
and the Trustee shall register, authenticate and deliver in the name of the
transferee or transferees a new Security or Securities of the same series for an
equal aggregate principal amount.
<PAGE>
                                                                              16

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

     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.

     The Company shall not be required to exchange or register the transfer of
(a) any Securities of any series for a period of 15 days next preceding any
selection of Securities of that series to be redeemed, or (b) any Securities
selected, called or being called for redemption except, in the case of any
Security to be redeemed in part, the portion thereof not so to be redeemed.

     SECTION 3.06. Mutilated, Destroyed, Lost or Stolen Securities. In case any
temporary or definitive Security shall become mutilated or be destroyed, lost or
stolen, the Company in the case of a mutilated Security shall, and in the case
of a lost, stolen or destroyed Security may in its discretion, execute, and upon
its request the Trustee shall authenticate and deliver, a new Security of the
same series bearing a number, letter or other distinguishing symbol not
contemporaneously outstanding, in exchange and substitution for the mutilated
Security, or in lieu of and in substitution for the Security so destroyed, lost
or stolen, or if any such Security shall have matured or shall be about to
mature, instead of issuing a substituted Security, the Company may pay or
authorize the payment of the same without surrender thereof (except in the case
of a mutilated Security). In every case the applicant for a substituted Security
shall furnish to the Company and to the Trustee such security or indemnity as
may be required by them to save each of them harmless, and, in every case of
destruction, loss or theft, the applicant shall also furnish to the Company and
to the Trustee evidence to their satisfaction of the destruction, loss or theft
of such Security and of the ownership thereof.

     The Trustee may authenticate any such substituted Security and deliver the
same upon the written request or authorization of any Officer of the Company.
Upon the issuance of any substituted Security, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in relation thereto and any other expenses connected therewith
and in addition a further sum not exceeding two dollars for each Security so
issued in substitution.

     Every substituted Security issued pursuant to the provisions of this
Section 3.06 by virtue of the fact that any Security is destroyed, lost or
stolen shall constitute an additional contractual obligation of the Company,
whether or not the destroyed, lost or stolen Security shall be found at any
time, and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of that series duly issued
hereunder. All Securities shall be held and owned upon the express condition
that the foregoing provisions are exclusive with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities and shall preclude
(to the extent lawful) any and all other rights or remedies with respect to the
replacement or payment of negotiable instruments or other securities without
their surrender.
<PAGE>
                                                                              17

     SECTION 3.07. Temporary Securities. Pending the preparation of definitive
Securities of any series the Company may execute and the Trustee shall
authenticate and deliver temporary Securities (printed or lithographed).
Temporary Securities shall be issuable in any authorized denomination and
substantially in the form of the definitive Securities 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
executed by the Company and 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 will execute
and deliver to the Trustee definitive Securities of such series and thereupon
any or all temporary Securities of such series may be surrendered in exchange
therefore, at the Corporate Trust Office of the Trustee, and the Trustee shall
authenticate and deliver 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 except that in
case of any such exchange involving any registration of transfer the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto. Until so exchanged, the
temporary Securities shall in all respects be entitled to the same benefits
under this Indenture as definitive Securities authenticated and delivered
hereunder.

     If the Company shall establish pursuant to Section 3.01 that the Securities
of a 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 3.03 and the Company Order with respect to such series,
authenticate and deliver one or more Global Securities in temporary or permanent
form that (i) shall represent and shall be denominated in an amount equal to the
aggregate principal amount of the Outstanding Securities of such series to be
represented by one or more Global Securities, (ii) shall be registered in the
name of the U.S. Depositary for such Global Security or Securities or the
nominee of such depositary, and (iii) shall bear a legend substantially to the
following effect: "This Security may not be transferred except as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to
the Depositary or another nominee of the Depositary or by the Depositary or any
such nominee to a successor Depositary or a nominee of such successor
Depositary, unless and until this Security is exchanged in whole or in part for
Securities in definitive form" and such other legend as may be required by the
U.S. Depositary.

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

     If at any time the U.S. Depositary for the Securities of a series notifies
the Company that it is unwilling or unable to continue as U.S. Depositary for
the Securities of such series or if at any time the U.S. Depositary for
Securities of a series shall no longer be a clearing agency registered and in
good standing under the Securities Exchange Act of 1934, as amended, or other
applicable statute or regulation, the Company shall appoint a successor U.S.
Depositary with respect to the Securities of such series. If a successor U.S.
Depositary for the Securities of such
<PAGE>
                                                                              18

series is not appointed by the Company within 90 days after the Company receives
such notice or becomes aware of such condition, the Company will execute, and
the Trustee, upon receipt of a Company Order for the authentication and delivery
of definitive Securities of such series, will authenticate and deliver,
Securities of such series in definitive form in an aggregate principal amount
equal to the principal amount of the Global Security or Securities representing
such series in exchange for such Global Security or Securities.

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

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

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

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

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

     Upon the exchange of a Global Security in whole for Securities in
definitive form, such Global Security shall be cancelled by the Trustee.
Securities so issued in exchange for a Global Security shall be registered in
such names and in such authorized denominations as the U.S. Depositary for such
Global Security, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee. The Trustee shall deliver
such Securities to the Persons in whose names such Securities are so registered.

     SECTION 3.08. Payment of Interest; Interest Rights Preserved. Interest on
any Security which is payable, and is punctually paid or duly provided for, on
any Interest Payment Date shall
<PAGE>
                                                                              19

be paid to the Person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest.

     Any interest on any Security which is payable, but is not punctually paid
or duly provided for, on any Interest Payment Date or within 30 days thereafter
(herein called "Defaulted Interest") shall forthwith cease to be payable to the
registered Holder on the relevant Regular Record Date by virtue of having been
such Holder; and such Defaulted Interest may be paid by the Company, at its
election in each case, as provided in clause (1) or (2) below:

          (1) The Company may elect to make payment of any Defaulted Interest to
     the Persons in whose names the Securities (or their respective Predecessor
     Securities) are registered at the close of business on a Special Record
     Date for the payment of such Defaulted Interest, which shall be fixed in
     the following manner. The Company shall notify the Trustee in writing of
     the amount of Defaulted Interest proposed to be paid on each Security and
     the date of the proposed payment, and at the same time the Company shall
     deposit with the Trustee an amount of money equal to the aggregate amount
     proposed to be paid in respect of such Defaulted Interest or shall make
     arrangements satisfactory to the Trustee for such deposit prior to the date
     of the proposed payment, such money when deposited to be held in trust for
     the benefit of the Persons entitled to such Defaulted Interest as in this
     clause provided. Thereupon the Trustee shall fix a Special Record Date for
     the payment of such Defaulted Interest which shall be not more than 15 days
     and not less than 10 days prior to the date of the proposed payment and not
     less than 10 days after the receipt by the Trustee of the notice of the
     proposed payment. The Trustee shall promptly notify the Company of such
     Special Record Date and, in the name and at the expense of the Company,
     shall cause notice of the proposed payment of such Defaulted Interest and
     the Special Record Date therefor to be mailed, first-class postage prepaid,
     to each Holder at his address as it appears in the Security Register not
     less than 10 days prior to such Special Record Date. The Trustee may, in
     its discretion, in the name and at the expense of the Company, cause a
     similar notice to be published at least once in a newspaper, customarily
     published in the English language on each Business Day and of general
     circulation in the Borough of Manhattan, The City of New York, but such
     publication shall not be a condition precedent to the establishment of such
     Special Record Date. Notice of the proposed payment of such Defaulted
     Interest and the Special Record Date therefor having been mailed as
     aforesaid, such Defaulted Interest shall be paid to the Persons in whose
     names the Securities (or their respective Predecessor Securities) are
     registered on such Special Record Date and shall no longer be payable
     pursuant to the following clause (2).

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

     Subject to the foregoing provisions of this Section, each Security
delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Security shall
<PAGE>
                                                                              20

carry the rights to interest accrued and unpaid, and to accrue, which were
carried by such other Security.

     SECTION 3.09. Persons Deemed Owners. Prior to due presentment of a
Security for registration of transfer, the Company, the Trustee, the
Authenticating Agent and any agent of the Company or the Trustee may treat the
Person in whose name the Security is registered as the owner of such Security
for the purpose of receiving payment of principal of, and (subject to Section
3.08) interest on, such Security and for all other purposes whatsoever, whether
or not such Security be overdue, and neither the Company, the Trustee, the
Authenticating Agent nor any agent of the Company or the Trustee shall be
affected by notice to the contrary.

     SECTION 3.10. Cancellation. All Securities surrendered for payment,
redemption, registration of transfer or exchange shall, if surrendered to any
Person other than the Trustee, be delivered to the Trustee, and any such
Securities and Securities surrendered directly to the Trustee for any such
purpose shall be promptly cancelled by it. The Company may at any time deliver
to the Trustee for cancellation any Securities previously authenticated and
delivered hereunder which the Company may have acquired in any manner
whatsoever, and all Securities so delivered shall be promptly cancelled by the
Trustee. No Securities shall be authenticated in lieu of or in exchange for any
Securities cancelled as provided in this Section, except as expressly permitted
by this Indenture. All cancelled Securities held by the Trustee shall be
disposed of by the Trustee in its customary manner.

     SECTION 3.11. Computation of Interest. Except as otherwise specified as
contemplated by Section 3.01 for Securities of any Series, interest on the
Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months.

     SECTION 3.12. CUSIP Numbers. The Company in issuing the Securities may use
"CUSIP" numbers (if then generally in use), and, if so, the Trustee shall use
"CUSIP" numbers in notices of redemption as a convenience to Holders; provided
that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained
in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Securities, and any such redemption shall
not be affected by any defect in or omission of such numbers. The Company will
promptly notify the Trustee of any change in the "CUSIP" numbers.

                                  ARTICLE FOUR

                           SATISFACTION AND DISCHARGE

     SECTION 4.01. Satisfaction and Discharge of Indenture. This Indenture
shall cease to be of further effect (except as to any surviving rights of
registration of transfer or exchange of Securities herein expressly provided
for), and the Trustee, on demand of and at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this
Indenture, when

          (1) either

               (A) all Securities theretofore authenticated and delivered (other
          than (i) Securities which have been destroyed, lost or stolen and
          which have been
<PAGE>
                                                                              21

          replaced or paid as provided in Section 3.06 and (ii) Securities
          for whose payment money has theretofore been deposited in trust or
          segregated and held in trust by the Company and thereafter repaid to
          the Company or discharged from such trust, as provided in Section
          10.03) have been delivered to the Trustee for cancellation; or

               (B) all such Securities not theretofore delivered to the Trustee
          for cancellation

                    (i) have become due and payable, or

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

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

          and the Company in the case of (i), (ii) or (iii) above, has
          deposited or caused to be deposited with the Trustee as trust funds in
          trust for the purpose an amount sufficient to pay and discharge the
          entire indebtedness on such Securities not theretofore delivered to
          the Trustee for cancellation, for principal (and premium, if any) and
          interest to the date of such deposit (in the case of Securities which
          have become due and payable) or to the Stated Maturity or Redemption
          Date, as the case may be;

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

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

Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 6.07 and the obligations
of the Trustee to any Authenticating Agent under Section 6.14 shall survive such
satisfaction and discharge.

     SECTION 4.02. Application of Trust Money. All money deposited with the
Trustee pursuant to Section 4.01 shall be held in trust and applied by it, in
accordance with the provisions of the Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal (and premium, if any) and interest for whose
payment such money has been deposited with the Trustee; but such money need not
be segregated from other funds except to the extent required by law.
<PAGE>
                                                                              22

                                  ARTICLE FIVE

                                    REMEDIES

     SECTION 5.01. Events of Default.

     "Events of Default", wherever used herein with respect to Securities of any
series, means any one of the following events and such other events as may be
established with respect to the Securities of that series as contemplated by
Section 3.01 hereof (whatever the reasons for such Event of Default and whether
it shall be voluntary or involuntary or be effected by operation of law pursuant
to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body):

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

          (b) default in the payment of any of the principal of and premium, if
     any, on any Security of that series as and when the same shall become due
     and payable, either at Maturity, upon redemption, by declaration, repayment
     or otherwise; or

          (c) default in the payment or satisfaction of any sinking fund
     installment as and when the same shall become due and payable by the terms
     of a Security of that series; or

          (d) failure on the part of the Company or a Guarantor duly to observe
     or perform any other of the covenants or agreements on the part of the
     Company or a Guarantor in this Indenture (other than those set forth
     exclusively in the terms of any particular series of Securities established
     as contemplated in this Indenture) continued for a period of 60 days after
     the date on which written notice of such failure, requiring the Company or
     a Guarantor to remedy the same, shall have been given to the Company or a
     Guarantor by the Trustee, or to the Company or a Guarantor and the Trustee
     by the Holders of at least 25 percent in aggregate principal amount of the
     Securities of such series at the time Outstanding, and stating that such
     notice is a "Notice of Default" hereunder; or

          (e) the commencement by the Parent Guarantor, the Company or any
     Significant Subsidiary of the Company or any group of Subsidiaries that,
     taken as a whole, would constitute a Significant Subsidiary of a voluntary
     case or proceeding under any applicable U.S. federal or state bankruptcy,
     insolvency, reorganization or other similar law or of any other case or
     proceeding to be adjudicated a bankrupt or insolvent, or the consent by the
     Parent Guarantor, the Company or any Significant Subsidiary of the Company
     or any group of Subsidiaries that, taken as a whole, would constitute a
     Significant Subsidiary to the entry of a decree or order for relief in
     respect of the Parent Guarantor, the Company or any Significant Subsidiary
     of the Company or any group of Subsidiaries that, taken as a whole, would
     constitute a Significant Subsidiary in an involuntary case or proceeding
     under any applicable U.S. federal or state bankruptcy, insolvency,
     reorganization or other similar law or to the commencement of any
<PAGE>
                                                                              23

     bankruptcy or insolvency case or proceeding against the Parent Guarantor,
     the Company or any Significant Subsidiary of the Company or any group of
     Subsidiaries that, taken as a whole, would constitute a Significant
     Subsidiary, or the filing by the Parent Guarantor, the Company or any
     Significant Subsidiary of the Company or any group of Subsidiaries that,
     taken as a whole, would constitute a Significant Subsidiary of a petition
     or answer or consent seeking reorganization or relief under any applicable
     U.S. federal or state law, or the consent by the Parent Guarantor, the
     Company or any Significant Subsidiary of the Company or any group of
     Subsidiaries that, taken as a whole, would constitute a Significant
     Subsidiary to the filing of such petition or to the appointment of or the
     taking possession by a custodian of the Parent Guarantor, the Company or
     any Significant Subsidiary of the Company or any group of Subsidiaries
     that, taken as a whole, would constitute a Significant Subsidiary or of any
     substantial part of their properties, or the making by the Parent
     Guarantor, the Company or any Significant Subsidiary of the Company or any
     group of Subsidiaries that, taken as a whole, would constitute a
     Significant Subsidiary of an assignment for the benefit of creditors, or
     the admission by the Parent Guarantor, the Company or any Significant
     Subsidiary of the Company or any group of Subsidiaries that, taken as a
     whole, would constitute a Significant Subsidiary in writing of their
     inability to pay its debts generally as they become due, or the taking of
     corporate action by the Parent Guarantor, the Company or any Significant
     Subsidiary of the Company or any group of Subsidiaries that, taken as a
     whole, would constitute a Significant Subsidiary expressly in furtherance
     of any such action; or

          (f) a Guarantee of a Security of that Series (other than in accordance
     with the terms of the Guarantee) shall be held in any judicial proceeding
     to be unenforceable or invalid.

     SECTION 5.02. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default described in Section 5.01 (other than in clause (e)
with respect to the Company or the Parent Guarantor) or established pursuant to
Section 3.01 with respect to Securities of any series at the time Outstanding
occurs and is continuing, then and in each and every such case, unless the
principal of all the Securities of such series shall have already become due and
payable, either the Trustee or the Holders of not less than 25 percent in
aggregate principal amount of the Securities of such series then Outstanding
hereunder, by notice in writing to the Company (and to the Trustee if given by
Holders), may declare the principal amount (or, if the Securities of that series
are Original Issue Discount Securities, such portion of the principal amount as
may be specified in the terms of that series) of all the Securities of such
series plus accrued and unpaid interest 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 of such series
contained to the contrary notwithstanding. If an Event of Default described in
clause (e) in respect of the Parent Guarantor or the Company occurs and is
continuing, then and in each and every such case, unless the principal of all
the Securities shall have already become due and payable, the principal amount
of all the Securities of each series then Outstanding hereunder (or, if any
Securities are Original Issue Discount Securities, such portion of the principal
amount as may be specified in the terms thereof) plus any accrued and unpaid
interest shall become immediately due and payable. The foregoing provisions are,
however, subject to the condition that if, at any time after the principal
amount (or, if the Securities of that series are Original Issue Discount
Securities, such portion of the
<PAGE>
                                                                              24

principal amounts as may be specified in the terms of that series) of the
Securities of any series (or of all the Securities, as the case may be) shall
have been declared or become 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 the
Securities of such series (or of all the Securities, as the case may be) and the
principal of and premium, if any, on any and all Securities of such series (or
of all the Securities, as the case may be) 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 premium, if any, at the rate of interest or Yield to Maturity
(in the case of Original Issue Discount Securities) borne by the Securities of
such series (or at the rates of interest or Yields to Maturity of all the
Securities, as the case may be), to the date of such payment or deposit) and the
reasonable expenses of the Trustee, and any and all defaults under this
Indenture, other than the nonpayment of principal of or premium, if any, or
accrued interest on Securities of such series (or of all the Securities, as the
case may be) which shall have become due by acceleration, shall have been cured
or waived pursuant to Section 5.08, then and in every such case the Holders of a
majority in aggregate principal amount of the Securities of such series (or of
all the Securities, as the case may be) then Outstanding, by written notice to
the Company and to the Trustee, may waive all defaults with respect to that
series (or with respect to all Securities, as the case may be) and rescind and
annul such declaration and its consequences; but no such waiver or rescission
and annulment shall extend to or shall affect any subsequent default, or shall
impair any right consequent thereon.

     In case the Trustee or any Holder 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 or to such Holder, then and
in every such case the Company and the Trustee and the Holders shall be restored
respectively to their several positions and rights hereunder, and all rights,
remedies and powers of the Company and the Trustee and the Holders shall
continue as though no such proceeding had been taken.

     SECTION 5.03. Payment of Securities on Default; Suit Therefor.

     The Company covenants that (a) in case default shall be made in the payment
of any installment of interest upon any of the Securities of any series as and
when the same shall become due and payable, and such default shall have
continued for a period of 30 days, or (b) in case default shall be made in the
payment of the principal of and premium, if any, on any of the Securities of any
series as and when the same shall become due and payable, whether at maturity of
the Securities of that series or upon redemption or by declaration, repayment or
otherwise, then, upon demand of the Trustee, the Company will pay to the
Trustee, for the benefit of the Holders of the Securities of that series, the
whole amount that then shall have become due and payable on all such Securities
of that series for principal and premium, if any, or interest, or both, as the
case may be, with interest upon the overdue principal and (to the extent that
payment of such interest is enforceable under applicable law) upon the overdue
installments of interest at the rate or Yield to Maturity (in the case of
Original Issue Discount Securities) borne by the Securities of that series; and,
in addition thereto, such further amount as shall be sufficient to cover the
costs and expenses of collection, including reasonable compensation to the
Trustee, its
<PAGE>
                                                                              25

agents, attorneys and counsel, and any expenses or liabilities incurred by the
Trustee hereunder other than through its negligence or bad faith.

     In case the Company shall fail to pay such amounts forthwith 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 prosecute any
such action or proceeding to judgment or final decree, and may enforce any such
judgment or final decree against the Company or any other obligor upon such
Securities and collect in the manner provided by law out of the property of the
Company or any other obligor upon such Securities wherever situated the moneys
adjudged or decreed to be payable.

     In case there shall be pending proceedings for the bankruptcy or for the
reorganization of the Company or any other obligor on the Securities of any
series under any applicable bankruptcy, insolvency or similar 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 other similar judicial proceedings
relative to the Company or other obligor upon the Securities of any series, or
to the creditors or property of the Company or such other obligor, the Trustee,
irrespective of whether the principal of the Securities of any series shall then
be due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand pursuant to the
provisions of this Section 5.03 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 premium, if any) and interest (or, if the
Securities of that series are Original Issue Discount Securities, such portion
of the principal amount as may be specified in the terms of that series) owing
and unpaid in respect of the Securities of any series and, in case of any
judicial proceedings, to file such proofs of claim and other papers or documents
as may be necessary or advisable in order to have the claims of the Trustee and
of the Holders allowed in such judicial proceedings relative to the Company or
any other obligor on the Securities of any series, 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; and any receiver, assignee or trustee in
bankruptcy or reorganization is hereby authorized by each of the Holders to make
such payments to the Trustee, and, in the event that the Trustee shall consent
to the making of such payments directly to the Holders, to pay to the Trustee
any amount due it for compensation and expenses, including counsel fees and
expenses incurred by it up to the date of such distribution. To the extent that
such payment of reasonable compensation, expenses and counsel fees and expenses
out of the estate in any such proceedings shall be denied for any reason,
payment of the same shall be secured by a lien on, and shall be paid out of, any
and all distributions, dividends, moneys, securities and other property which
the Holders of the Securities of any series may be entitled to receive in such
proceedings, whether in liquidation or under any plan of reorganization or
arrangement or otherwise.

     All rights of action and of asserting claims 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 on 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 all the
Securities in respect of which such action was taken.

<PAGE>
                                                                              26

     SECTION 5.04. Application of Moneys Collected by Trustee. Any moneys
collected by the Trustee under this Article Five 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 in respect of which
moneys have been collected, and stamping thereon the payment, if only partially
paid, and upon surrender thereof if fully paid:

          FIRST: To the payment of costs and expenses of collection and
     reasonable compensation to the Trustee, its agents, attorneys and counsel,
     and of all other expenses and liabilities incurred, and all advances made,
     by the Trustee except as a result of its negligence or bad faith;

          SECOND: In case 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 of that series, in the
     order of the maturity of the installments of such interest, with interest
     (to the extent that such interest has been collected by the Trustee) upon
     the overdue installments of interest at the rate or Yield to Maturity (in
     the case of Original Issue Discount Securities) borne by the Securities of
     that series, such payments to be made ratably to the persons entitled
     thereto;

          THIRD: In case 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 of that series for principal and premium, if
     any, and interest, with interest on the overdue principal and premium, if
     any, and (to the extent that such interest has been collected by the
     Trustee) upon overdue installments of interest at the rate or Yield to
     Maturity (in the case of Original Issue Discount Securities) borne by the
     Securities of that series; and in case such moneys shall be insufficient to
     pay in full the whole amounts so due and unpaid upon the Securities of that
     series, then to the payment of such principal and premium, if any, and
     interest without preference or priority of principal and premium, if any,
     over interest, or of interest over principal and premium, if any, or of any
     installment of interest over any other installment of interest, or of any
     Security of that series over any other Security of that series, ratably to
     the aggregate of such principal and premium, if any, and accrued and unpaid
     interest; and

          FOURTH: Any surplus then remaining shall be paid to the Company, its
     successors or assigns, or to whomsoever may be entitled to receive the
     same.

     SECTION 5.05. Proceedings by Holders. No Holder of any Security of any
series 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 default and of the continuance
thereof, as hereinbefore provided, and unless also the Holders of not less than
25 percent in aggregate principal amount of the Securities of that series then
Outstanding 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 indemnity reasonably satisfactory to the Trustee 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

<PAGE>
                                                                              27

indemnity, shall have neglected or refused to institute any such action, suit or
proceeding and during such 60-day period, no direction inconsistent with such
written request has been given to the Trustee by the Holders of a majority in
aggregate principal amount of the Securities of that series then Outstanding (or
such amount as shall have acted at a meeting pursuant to the provisions of this
Indenture), it being understood and intended, and being expressly covenanted by
the taker and Holder of every Security with every other taker and Holder and the
Trustee, that no one or more Holders shall have any right in any manner whatever
by virtue of or by availing of any provision of this Indenture to affect,
disturb or prejudice the rights of any other Holder, or to obtain or seek to
obtain priority over or preference to any other such Holder, or to enforce any
right under this Indenture, except in the manner herein provided and for the
equal, ratable and common benefit of all such Holders.

     Notwithstanding any other provisions in this Indenture, however, the right
of any Holder of any Security to receive payment of the principal of and
premium, if any, and interest on such Security, on or after the respective due
dates expressed in such Security, 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 written consent of such Holder.

     SECTION 5.06. 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 necessary 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 in
this Indenture, or to enforce any other legal or equitable right vested in the
Trustee by this Indenture or by law.

     SECTION 5.07. Remedies Cumulative and Continuing. All powers and remedies
given by this Article Five to the Trustee or to the Holders shall, to the extent
permitted by law, be deemed cumulative and not exclusive of any thereof or of
any other powers and remedies available to the Trustee or the Holders, by
judicial 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 to exercise 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 the provisions of Section 5.05, every
power and remedy given by this Article Five or by law to the Trustee or to the
Holders may be exercised from time to time, and as often as shall be deemed
expedient, by the Trustee or by the Holders.

     SECTION 5.08. Direction of Proceedings and Waiver of Defaults by Majority
of Holders. The Holders of a majority in aggregate principal amount of the
Securities of any series 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 with respect to the Securities of such series; provided, however, that
(subject to the provisions of Section 6.01) 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 shall determine that the action or proceedings
so directed would involve the Trustee in personal liability. Subject to Section
5.02, the Holders of a majority in aggregate principal amount of the Securities
of that
<PAGE>
                                                                              28

series at the time Outstanding may on behalf of the Holders of all of the
Securities of that series waive any past default or Event of Default described
in Section 5.01, or any other Event of Default for such series specified in the
terms thereof as contemplated by Section 3.01, and its consequences except a
default in the payment of interest, or premium, if any, on, or the principal of
any of the Securities or a default which, under Section 9.02, cannot be modified
or amended without the consent of each Holder of each Security affected by such
waiver. Upon any such waiver the Company, the Trustee and the Holders of the
Securities of that series 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 5.08, said default or Event of Default shall for all
purposes of the Securities of that series and this Indenture be deemed to have
been cured and to be not continuing.

     SECTION 5.09. Undertaking to Pay Costs. All parties to this Indenture
agree, and each Holder of any Security by his acceptance thereof shall be deemed
to have agreed, that any court may in its discretion require, in any suit for
the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee,
the filing by any party litigant in such suit of an undertaking to pay the costs
of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys' fees and expenses, against any party litigant in
such suit, having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this Section 5.09
shall not apply to any suit instituted by the Trustee, to any suit instituted by
any Holder of the Securities of any series or group of such Holders, holding in
the aggregate more than ten percent in principal amount of the Outstanding
Securities of that series or to any suit instituted by any Holder for the
enforcement of the payment of the principal of or premium, if any, or interest
on any Security against the Company on or after the due date expressed in such
Security.

                                  ARTICLE SIX

                                   THE TRUSTEE

     SECTION 6.01. Certain Duties and Responsibilities.

     (a) Except during the continuance of an Event of Default,

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

          (2) in the absence of bad faith on its part, the Trustee may
     conclusively rely, as to the truth of the statements and the correctness of
     the opinions expressed therein, upon certificates or opinions furnished to
     the Trustee and conforming to the requirements of this Indenture; but in
     the case of any such certificates or opinions which by any provisions
     hereof are specifically required to be furnished to the Trustee, the
     Trustee shall be under a duty to examine the same to determine whether or
     not they substantially conform to the requirements of this Indenture (but
     needs not confirm or investigate the accuracy of mathematical calculations
     or other facts stated therein).
<PAGE>
                                                                              29

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

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

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

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

          (3) the Trustee shall not be liable with respect to any action taken
     or omitted to be taken by it in good faith in accordance with the direction
     of the Holders pursuant to Section 5.08 relating to the time, method and
     place of conducting any proceeding for any remedy available to the Trustee,
     or exercising any trust or power conferred upon the Trustee, under this
     Indenture; and

          (4) no provision of this Indenture shall require the Trustee to expend
     or risk its own funds or otherwise incur any financial liability in the
     performance of any of its duties hereunder, or in the exercise of any of
     its rights or powers.

     (d) The Trustee shall not be obligated to pay interest on any money or
other assets received by it unless otherwise agreed with the Company. Assets
held in trust by the Trustee need not be segregated from other funds except to
the extent required by law.

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

     SECTION 6.02. Notice of Defaults.

     Within 90 days after the occurrence of any default with respect to the
Securities of any series, the Trustee shall transmit by mail to all Holders of
Securities of that Series, as their names and addresses appear in the Security
Register, notice of all defaults with respect to that Series actually known to a
Responsible Officer of the Trustee, unless such defaults shall have been cured
or waived before the giving of such notice; provided, however, that, except in
the case of a default in the payment of the principal of or premium, if any, or
interest on any of the Securities of such series or in the making of any sinking
fund payment with respect to such series, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the
Trustee in good faith determines that the withholding of such notice is in the
interests of the Holders. For the purpose of this Section, the term " default"
means any event which is, or after notice or lapse of time or both would become,
an Event of Default.

<PAGE>
                                                                              30

     SECTION 6.03. Certain Rights of Trustee.

     Except as otherwise provided in Section 6.01:

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

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

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

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

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

          (f) the Trustee shall not be bound to make any investigation into the
     facts or matters stated in any resolution, certificate, statement,
     instrument, opinion, report, notice, request, direction, consent, order,
     bond, debenture or other paper or document, but the Trustee, in its
     discretion, may make such further inquiry or investigation into such facts
     or matters as it may see fit, and, if the Trustee shall determine to make
     such further inquiry or investigation, it shall be entitled to examine the
     books, records and premises of the Company, personally or by agent or
     attorney at the expense of the Company and shall incur no liability of any
     kind by reason of such inquiry or investigation;

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

          (h) the Trustee shall not be deemed to have notice of any Default or
     Event of Default unless a Responsible Officer of the Trustee has actual
     knowledge thereof or unless written notice of any event which is in fact
     such a default is received by the
<PAGE>
                                                                              31

     Trustee pursuant to Section 1.05, and such notice references the
     Securities and this Indenture; and

          (i) the rights, privileges, protections, immunities and benefits given
     to the Trustee, including, without limitation, its right to be indemnified,
     are extended to, and shall be enforceable by, the Trustee in each of its
     capacities hereunder, and each agent, custodian and other Person employed
     to act hereunder.

          (j) the Trustee may request that the Company deliver an Officers'
     Certificate setting forth the names of individuals and/or titles of
     officers authorized at such time to take specified actions pursuant to this
     Indenture, which Officers' Certificate may be signed by any person
     authorized to sign an Officers' Certificate, including any person specified
     as so authorized in any such certificate previously delivered and not
     superseded.

     SECTION 6.04. Not Responsible for Recitals or Issuance of Securities.

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

     SECTION 6.05. May Hold Securities.

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

     SECTION 6.06. Money Held in Trust.

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

     SECTION 6.07. Compensation and Reimbursement.

     The Company agrees

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

          (2) except as otherwise expressly provided herein, to reimburse the
     Trustee upon its request for all reasonable expenses, disbursements and
     advances incurred or made by the Trustee in accordance with any provision
     of this Indenture (including the reasonable
<PAGE>
                                                                              32

     compensation and the expenses and disbursements of its agents and
     counsel), except any such expense, disbursement or advance as shall be
     determined by a court of competent jurisdiction to have been caused by its
     own negligence or willful misconduct; and

          (3) to fully indemnify the Trustee, any predecessor Trustee and their
     agents for, and to hold them harmless against, any and all loss, liability,
     claim, damage, taxes (other than taxes based upon the income of the
     Trustee) or expense (including legal fees and expenses) incurred without
     negligence or willful misconduct on their part, arising out of or in
     connection with the acceptance or administration of this trust, including
     the costs and expenses of defending themselves against any claim (whether
     asserted by the Company, or any Holder or any other Person) or liability in
     connection with the exercise or performance of any of their powers or
     duties hereunder.

     As security for the performance of the obligations of the Company under
this Section the Trustee shall have a lien prior to the Securities upon all
property and funds held or collected by the Trustee as such, except funds held
in trust for the payment of principal of (or premium, if any) or interest on
Securities.

     When the Trustee incurs expenses or renders services in connection with an
Event of Default specified in Section 5.01(e), the expenses (including the
reasonable charges and expenses of its counsel) and the compensation for the
services are intended to constitute expenses of administration under any
applicable Federal or state bankruptcy, insolvency or other similar law.

     The provisions of this Section shall survive the termination of this
Indenture and the resignation or removal of the Trustee.

     SECTION 6.08. Disqualification; Conflicting Interests.

     The Trustee for the Securities shall be subject to the provisions of
Section 310(b) of the Trust Indenture Act during the period of time required
thereby. Nothing herein shall prevent the Trustee from filing with the
Commission the application referred to in the penultimate paragraph of Section
310(b) of the Trust Indenture Act. In determining whether the Trustee has a
conflicting interest as defined in Section 310(b) of the Trust Indenture Act
with respect to the Securities of any series, there shall be excluded Securities
of any particular series of Securities other than that series.

     SECTION 6.09. Corporate Trustee Required; Eligibility.

     There shall at all times be a Trustee hereunder which shall be

          (1) a corporation organized and doing business under the laws of the
     United States of America, any state thereof, or the District of Columbia,
     authorized under such laws to exercise corporate trust powers, and subject
     to supervision or examination by Federal or State authority, or

          (2) a corporation or other Person organized and doing business under
     the laws of a foreign government that is permitted to act as a Trustee
     pursuant to a rule, regulation, or other order of the Commission,
     authorized under such laws to exercise corporate trust
<PAGE>
                                                                              33

     powers, and subject to supervision or examination by authority of such
     foreign government or a political subdivision thereof substantially
     equivalent to supervision or examination applicable to United States
     institutional trustee,

having a combined capital and surplus of at least $50,000,000 and having its
Corporate Trust Office in the Borough of Manhattan, the City of New York, or
such other city as contemplated by Section 3.01 with respect to any series of
Securities. If such corporation publishes reports of condition at least
annually, pursuant to law or to requirements of the aforesaid supervising or
examining authority, then for the purposes of this Section, the combined capital
and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published.
Neither the Company nor any Person directly or indirectly controlling,
controlled by, or under the common control with the Company shall serve as
Trustee for the Securities. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereunder specified in this
Article.

     SECTION 6.10. Resignation and Removal; Appointment of Successor.

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

     (b) The Trustee may resign at any time with respect to one or more or all
series of Securities by giving written notice thereof to the Company. If an
instrument of acceptance by a successor Trustee required by Section 6.11 shall
not have been delivered to the Trustee within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition at the expense of the
Company any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the Securities of such series.

     (c) The Holders of a majority in aggregate principal amount of the
Securities of one or more series (each series voting as a class) or all series
at the time Outstanding may at any time remove the Trustee with respect to the
applicable series or all series, as the case may be, and by written notice of
such action to the Company, the Trustee and the successor Trustee, nominate with
respect to the applicable series or all series, as the case may be, a successor
Trustee which shall be deemed appointed as successor Trustee with respect to the
applicable series unless within ten days after such nomination the Company
objects thereto, in which case the Trustee so removed or any Holder of
Securities of the applicable series who has been a bona fide holder of a
Security or the applicable series for at least six months may, subject to the
provisions of Section 5.09 on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the appointment of a
successor Trustee with respect to such series.

     (d) If at any time:

          (1) the Trustee shall fail to comply with Section 310(b) of the Trust
     Indenture Act pursuant to Section 6.08 hereof after written request
     therefor by the Company or by any Holder who has been a bona fide Holder of
     a Security for at least six months, unless the Trustee's duty to resign is
     stayed in accordance with the provisions of Section 310(b) of the Trust
     Indenture Act, or
<PAGE>
                                                                              34

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

          (3) the Trustee shall become incapable of acting, or a decree or order
     for relief by a court having jurisdiction in the premises shall have been
     entered in respect of the Trustee in an involuntary case under the Federal
     bankruptcy laws, as now or hereafter constituted, or any other applicable
     Federal or State, bankruptcy, insolvency or similar law; or a decree or
     order by a court having jurisdiction in the premises for the appointment of
     a receiver or custodian or liquidator or trustee or assignee in bankruptcy
     or insolvency of the Trustee or of its property, or for the winding up of
     its affairs shall have been entered, or

          (4) the Trustee shall commence a voluntary case under the Federal
     bankruptcy laws, as now or hereafter constituted, or any other applicable
     Federal or State bankruptcy, insolvency or similar law, or shall consent to
     the appointment of a receiver or custodian or liquidator or trustee or
     assignee in bankruptcy or insolvency of it or of its property, or shall
     make an assignment for the benefit of creditors, or shall fail generally to
     pay its debts as they become due, or corporate action shall be taken by the
     Trustee in furtherance of any such action,

then, in any such case, (i) the Company by a Board Resolution may remove the
Trustee, or (ii) subject to Section 5.09, any Holder who has been a bona fide
Holder of a Security for at least six months may, on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee.

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

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

     SECTION 6.11. Acceptance of Appointment by Successor.
<PAGE>
                                                                              35

     Every successor Trustee appointed hereunder shall execute, acknowledge and
deliver to the Company and to the retiring Trustee an instrument accepting such
appointment, and thereupon the resignation or removal of the retiring Trustee
shall become effective and such successor Trustee, without any further act, deed
or conveyance, shall become vested with all the rights, powers, trusts and
duties of the retiring Trustee; but, on request of the Company or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, execute and
deliver an instrument transferring to such successor Trustee all the rights,
powers and trusts of the retiring Trustee, and shall duly assign, transfer and
deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder, subject nevertheless to its lien, if any, provided for in
Section 6.07. Upon request of any such successor Trustee, the Company shall
execute any and all instruments for more fully and certainly vesting in and
confirming to such successor Trustee all such rights, powers and trusts.

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

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

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

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

     SECTION 6.13. Preferential Collection of Claims Against Company.

     (a) Subject to Subsection (b) of this Section, if the Trustee shall be or
shall become a creditor, directly or indirectly, secured or unsecured, of the
Company within three months prior to a default, as defined in Subsection (c) of
this Section, or subsequent to such a default, then, unless and until such
default shall be cured, the Trustee shall set apart and hold in a special

<PAGE>
                                                                              36

account for the benefit of the Trustee individually, the Holders of the
Securities and the holders of other indenture securities, as defined in
Subsection (c) of this Section:

          (1) an amount equal to any and all reductions in the amount due and
     owing upon any claim as such creditor in respect of principal or interest,
     effected after the beginning of such three-month period and valid as
     against the Company and its other creditors, except any such reduction
     resulting from the receipt or disposition of any property described in
     paragraph (2) of this Subsection, or from the exercise of any right of
     set-off which the Trustee could have exercised if a petition in bankruptcy
     had been filed by or against the Company upon the date of such default; and

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

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

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

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

               (C) to realize, for its own account, but only to the extent of
          the claim hereinafter or mentioned, upon any property held by it as
          security for any such claim, if such claim was created after the
          beginning of such three-month period and such property was received as
          security therefor simultaneously with the creation thereof, and if the
          Trustee shall sustain the burden of proving that at the time such
          property was so received the Trustee had no reasonable cause to
          believe that a default as defined in Subsection (c) of this Section
          would occur within three months; or

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

     For the purposes of paragraphs (B), (C) and (D), property substituted after
the beginning of such three-month period for property held as security at the
time of such substitution shall, to the extent of the fair value of the property
released, have the same status as the property released, and, to the extent that
any claim referred to in any of such paragraphs is created in renewal of or
<PAGE>
                                                                              37

in substitution for or for the purpose of repaying or refunding any pre-existing
claim of the Trustee as such creditor, such claim shall have the same status as
such pre-existing claim.

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

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

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

                    (ii) such receipt of property or reduction of claim occurred
               within three months after such resignation or removal.
<PAGE>
                                                                              38

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

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

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

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

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

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

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

     (c) For the purpose of this Section only:

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

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

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

          (4) The term "self-liquidating paper" means any draft, bill of
     exchange, acceptance or obligation which is made, drawn, negotiated or
     incurred by the Company
<PAGE>
                                                                              39

     for the purpose of financing the purchase, processing, manufacturing,
     shipment, storage or sale of goods, wares or merchandise and which is
     secured by documents evidencing title to, possession of, or a lien upon,
     the goods, wares or merchandise or the receivables or proceeds arising from
     the sale of the goods, wares or merchandise previously constituting the
     security, provided the security is received by the Trustee simultaneously
     with the creation of the creditor relationship with the Company arising
     from the making, drawing, negotiating or incurring of the draft, bill of
     exchange, acceptance or obligation.

          (5) The term "Company" means any obligor upon the Securities.

     SECTION 6.14. Appointment of Authenticating Agent.

     At any time when any of the Securities remain Outstanding the Trustee may
appoint an Authenticating Agent or Agents which shall be authorized to act on
behalf of the Trustee to authenticate Securities issued upon exchange, transfer
or partial redemption thereof or pursuant to Section 3.06, and Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be
valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication
and delivery of Securities by the Trustee or the Trustee's certificate of
authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Trustee by an Authenticating Agent and a certificate
of authentication executed on behalf of the Trustee by an Authenticating Agent.
Each Authenticating Agent shall be acceptable to the Company and shall at all
times be a bank or trust company or corporation organized and doing business and
in good standing under the laws of the United States of America, or of any
State, authorized under such laws to act as Authenticating Agent, having a
combined capital and surplus of not less than $1,500,000 and subject to
supervision or examination by Federal or State authorities. If such
Authenticating Agent publishes reports of condition at least annually, pursuant
to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section, the combined capital and
surplus of such Authenticating Agent shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published. In
case at any time an Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section, such Authenticating Agent shall
resign immediately in the manner and with the effect specified in this Section.

     Any corporation into which an 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 such Authenticating Agent
shall be a party, or any corporation succeeding to the corporate agency or
corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent without the execution or filing of any paper or any further
act on the part of the Trustee or the Authenticating Agent.

     An 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 an 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 such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company and shall mail notice of such
appointment to all Holders, as their
<PAGE>
                                                                              40

names and addresses appear on the Security Register. Any successor
Authenticating Agent upon acceptance of its appointment hereunder shall become
vested with all the rights, powers and duties of its predecessor hereunder, with
like effect as if originally named as an Authenticating Agent herein. No
successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section.

     The Company agrees to pay to each Authenticating Agent from time to time
reasonable compensation for its services under this Section.

     If an appointment is made pursuant to this Section, the Securities shall
have endorsed thereon, in addition to the Trustee's Certificate, an alternate
Trustee's Certificate in the following form:

     This is one of the Securities described in the within-mentioned Indenture.

                                          The Bank of New York,
                                                    as Trustee

                                          By____________________________________
                                                    Authenticating Agent

                                          By____________________________________
                                                    Authorized Signatory

                                          Dated:  ______________________________

                                 ARTICLE SEVEN

                HOLDER'S LISTS AND REPORTS BY TRUSTEE AND COMPANY

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

     The Company will furnish or cause to be furnished to the Trustee

          (a) semi-annually, (and not more than 15 days after each Regular
     Record Date of each series of Securities having such a Regular Record
     Date), a list, in such form as the Trustee may reasonable require, of the
     names and addresses of the Holders as of such Regular Record Date, and

          (b) at such other times as the Trustee may request in writing, within
     30 days after the receipt by the Company of any such request, a list of
     similar form and content as of a date not more than 15 days prior to the
     time such list is furnished,
<PAGE>
                                                                              41

excluding from any such list names and addresses received by the Trustee in the
capacity of Security Registrar if the Trustee is then acting in such capacity.

     SECTION 7.02. Preservation of Information: Communications to Holders.

     (a) The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 7.01 and the names and
addresses of Holders received by the Trustee in the capacity of Security
Registrar if the Trustee is then acting in such capacity. The Trustee may
destroy any list furnished to it as provided in Section 7.01 upon receipt of a
new list so furnished.

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

          (i) afford such applicants access to the information preserved at the
     time by the Trustee in accordance with Section 7.02(a), or

          (ii) inform such applicants as to the approximate number of Holders
     whose names and addresses appear in the information preserved at the time
     by the Trustee in accordance with Section 7.02(a), and as to the
     approximate cost of mailing to such Holders the form of proxy or other
     communication, 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 whose name and address appears in the information preserved
at the time by the Trustee in accordance with Section 7.02(a), a copy of the
form of proxy or other communication which is specified in such request, with
reasonable promptness after a tender to the Trustee of the material to be mailed
and of payment, or provision for the payment, of the reasonable expenses of
mailing, unless within five days after such tender, the Trustee shall mail to
such applicants and file with the Commission, together with a copy of the
material to be mailed, a written statement to the effect that, in the opinion of
the Trustee, such mailing would be contrary to the best interests of the Holders
or would be in violation of applicable law. Such written statement shall specify
the basis of such opinion. If the Commission, after opportunity for a hearing
upon the objections specified in the written statement so filed, shall enter an
order refusing to sustain any of such objections or if, after the entry of an
order sustaining one or more of such objections, the Commission shall find,
after notice and opportunity for hearing, that all the objections so sustained
have been met and shall enter an order so declaring, the Trustee shall mail
copies of such material to all such Holders with reasonable promptness after the
entry of such order and the renewal of such tender; otherwise the Trustee shall
be relieved of any obligation or duty to such applicants respecting their
application.
<PAGE>
                                                                              42

     (c) Every Holder of Securities, by receiving and holding the same, agrees
with the Company and the Trustee that neither the Company nor the Trustee nor
any Authenticating Agent nor any Paying Agent nor any Security Registrar shall
be held accountable by reason of the disclosure of any such information as to
the names and addresses of the Holders in accordance with Section 7.02(b),
regardless of the source from which such information was derived, and that the
Trustee shall not be held accountable by reason of mailing any material pursuant
to a request made under Section 7.02(b).

     SECTION 7.03. Reports by Trustee.

     (a) Within 60 days after ___________ of each year commencing with the year
200_, the Trustee shall transmit by mail to all Holders, as their names and
addresses appear in the Security Register, a brief report dated as of
___________ with respect to any of the following events which may have occurred
within the prior 12 months (but if no such event has occurred within such period
no report need be transmitted):

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

          (2) the creation of any material change to a relationship specified in
     Section 310(b)(1) through Section 310(b)(10) of the Trust Indenture Act;

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

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

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

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

          (7) any action taken by the Trustee in the performance of its duties
     hereunder which it has not previously reported and which in its opinion
     materially affects the Securities, except action in respect of a default,
     notice of which has been or is to be withheld by the Trustee in accordance
     with Section 6.02.
<PAGE>
                                                                              43

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

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

     SECTION 7.04. Reports by Company.

     The Company will

          (1) file with the Trustee, within 15 days after the Company files them
     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; provided, however, that the Company shall not be required to deliver
     to the Trustee any materials for which the Company has sought and obtained
     confidential treatment from the Commission; 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;

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

          (3) transmit by mail to all Holders, as their names and addresses
     appear in the Security Registrar, within 30 days after the filing thereof
     with the Trustee, such summaries of any information, documents and reports
     required to be filed by the Company pursuant to paragraphs (1) and (2) of
     this Section as may be required by rules and regulations prescribed from
     time to time by the Commission.
<PAGE>
                                                                              44

          Delivery of such reports, information and documents to the Trustee is
for informational purposes only and the Trustee's receipt of such shall not
constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officers' Certificates).

                                 ARTICLE EIGHT

                CONSOLIDATION, MERGER, SALE, CONVEYANCE OR LEASE

     SECTION 8.01. Consolidations and Mergers of Company and the Parent
Guarantor and Conveyances Permitted Subject to Certain Conditions.

          Neither the Parent Guarantor nor the Company shall consolidate with or
merge with or into any other Person or convey, transfer or lease its properties
and assets substantially as an entirety to any Person, and neither the Parent
Guarantor nor the Company shall permit any Person to consolidate with or merge
into the Parent Guarantor or the Company or convey, transfer or lease its
properties and assets substantially as an entirety to the Parent Guarantor or
the Company, unless:

          (1) in the event that the Parent Guarantor or the Company shall
     consolidate with or merge into another Person or convey, transfer or lease
     its properties and assets substantially as an entirety to any Person, the
     Person formed by such consolidation or into which the Parent Guarantor or
     the Company is merged or the Person which acquires by conveyance or
     transfer, or which leases, the properties and assets of the Parent
     Guarantor or the Company substantially as an entirety shall be a
     corporation organized and validly existing under the laws of the United
     States of America, any State thereof or the District of Columbia and, if
     the entity surviving such transaction or transferee entity is not the
     Parent Guarantor or the Company, then such surviving or transferee entity
     shall expressly assume, by an indenture supplemental hereto, executed and
     delivered to the Trustee, in form satisfactory to the Trustee, the due and
     punctual payment of the principal of and premium, if any, and interest, if
     any, on all the Securities and the performance of every covenant of this
     Indenture on the part of the Parent Guarantor or the Company, as the case
     may be, to be performed or observed;

          (2) at the time of consummation of such transaction, no Event of
     Default, and no event which, after notice or lapse of time or both, would
     become an Event of Default, shall have happened and be continuing; and

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

     SECTION 8.02. Rights and Duties of Successor Corporation.

     Upon any consolidation or merger by the Parent Guarantor or the Company
with or into any other corporation or any conveyance, transfer or lease of the
properties and assets of the
<PAGE>
                                                                              45

Parent Guarantor or the Company substantially as an entirety to any Person, in
accordance with Section 8.01, the successor corporation formed by such
consolidation or into which the Parent Guarantor or the Company is merged or to
which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Parent Guarantor
or the Company under this Indenture with the same effect as if such successor
corporation had been named herein as the Company or the Parent Guarantor, as the
case may be, and thereafter, except in the case of a lease to another Person,
the predecessor corporation shall be relieved of all obligations and covenants
under this Indenture and the Securities.

     The successor corporation of the Company thereupon may cause to be signed,
and may issue either in its own name or in the name of the Company, any or all
of the Securities issuable hereunder which theretofore shall not have been
signed by the Company and delivered to the Trustee; and, upon the order of such
successor corporation, instead of the Company, and subject to all the terms,
conditions and limitations in this Indenture prescribed, the Trustee shall
authenticate and shall deliver any Securities which previously shall have been
signed and delivered by the officers of the Company to the Trustee for
authentication, and any Securities which such successor corporation thereafter
shall cause to be signed and delivered to the Trustee for that purpose. All the
Securities so issued shall in all respects have the same legal rank and benefit
under this Indenture as the Securities theretofore or thereafter issued in
accordance with the terms of this Indenture as though all of such Securities had
been issued at the date of the execution hereof.

     In case of any such consolidation, merger, sale or conveyance such changes
in phraseology and form (but not in substance) may be made in the Securities
thereafter to be issued as may be appropriate.

     SECTION 8.03. Officers' Certificate and Opinion of Counsel.

     The Trustee, subject to the provisions of Section 6.01, shall be provided
with an Officers' Certificate and an Opinion of Counsel as conclusive evidence
that any such consolidation, merger, sale or conveyance, and any such
assumption, complies with the provisions of this Article Eight.

                                  ARTICLE NINE

                             SUPPLEMENTAL INDENTURES

     SECTION 9.01. Supplemental Indentures without Consent of Holders. The
Company, when authorized by a Board Resolution, the Parent Guarantor 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:

          (a) to evidence the succession of another corporation to the Parent
     Guarantor or the Company, or successive successions, and the assumption by
     the successor corporation of the covenants, agreements and obligations of
     the Parent Guarantor or the Company hereunder and the Securities or the
     Guarantees, if any; or
<PAGE>
                                                                              46

          (b) to convey, transfer, assign, mortgage or pledge to the Trustee as
     security for the Securities any property or assets which the Company or the
     Parent Guarantor may desire; or

          (c) to add to the covenants of the Company or the Parent Guarantor
     such further covenants, restrictions or conditions for the protection of
     the Holders of all or any series of Securities (and if such covenants are
     to be for the benefit of less than all series of Securities stating that
     such covenants are expressly being included solely for the benefit of such
     series) as the Board of Directors of the Company or the Parent Guarantor
     and the Trustee shall consider to be for the protection of the Holders of
     such Securities, and to make the occurrence, or the occurrence and
     continuance, of a default in any of such additional covenants, restrictions
     or conditions a default or an Event of Default permitting the enforcement
     of all or any of the several remedies provided in this Indenture as herein
     set forth; provided, however, that in respect of any such additional
     covenant, restriction or condition such supplemental indenture may provide
     for a particular period of grace after default (which period may be shorter
     or longer than that allowed in the case of other defaults) or may provide
     for an immediate enforcement upon such default or may limit the remedies
     available to the Trustee upon such default; or

          (d) to provide for the issuance under this Indenture of Securities in
     coupon form (including Securities registrable as to principal only) and to
     provide for exchangeability of such Securities with the Securities issued
     hereunder in fully registered form and to make all appropriate changes for
     such purpose; or

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

          (f) to cure any ambiguity or to correct or supplement any provision
     contained herein or in any supplemental indenture which may be defective or
     inconsistent with any other provision contained herein or in any
     supplemental indenture, or to make such other provisions in regard to
     matters or questions arising under this Indenture which shall not adversely
     affect the interests of any Holder in any material respect; or

          (g) to evidence and provide for the acceptance of appointment
     hereunder by a successor trustee with respect to the Securities of one or
     more series and to add to or change any of the provisions of this Indenture
     as shall be necessary to provide for or facilitate the administration of
     the trusts hereunder by more than one trustee, pursuant to the requirements
     of Section 6.11; or

          (h) to surrender any right or power herein conferred upon the Company
     and/or the Parent Guarantor; or

          (i) to comply with the requirements of the Commission in order to
     maintain the qualification of this Indenture under the Trust Indenture Act;
     or

          (j) to add or modify any other provisions with respect to matters or
     questions arising under this Indenture which the Company and the Trustee
     may deem necessary or desirable; provided, however, that such action
     pursuant to this clause (j) does not, in the good faith opinion of the
     Board of Directors of the Company (as evidenced by a Board
<PAGE>
                                                                              47

     Resolution) and the Trustee, adversely affect the interests of any
     Holder of Securities in any material respect; or

          (k) to modify the covenants or Events of Default solely in respect of,
     or add new covenants or Events of Default that apply solely to, Securities
     not Outstanding on the date of such supplemental indenture; or

          (l) to provide for guarantees of the Securities of any series and/or
     to specify the ranking of the obligations of each Guarantor under its
     respective Guarantee.

     The Trustee is hereby authorized to join with the Parent Guarantor and 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, assignment, mortgage or pledge of any property
thereunder, but the Trustee shall not be obligated to, but may in its
discretion, enter into any such supplemental indenture which affects the
Trustee's own rights, duties or immunities under this Indenture or otherwise.

         Any supplemental indenture authorized by the provisions of this Section
9.01 may be executed by the Parent Guarantor, 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 9.02.

     SECTION 9.02. Supplemental Indentures with Consent of Holders. With the
consent (evidenced as provided in Section 1.04) of the Holders of not less than
a majority in aggregate principal amount of the Outstanding Securities of each
series affected by such supplemental indenture (each series voting separately as
a class), the Company, when authorized by a Board Resolution, the Parent
Guarantor 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 or
eliminating any of the provisions of this Indenture or of any supplemental
indenture or of modifying in any manner the rights of the Holders of the
Securities of each such series; provided, however, that no such supplemental
indenture shall (i) change the Stated Maturity of any Security, or reduce the
rate or change the time of payment of interest thereon, or reduce the principal
amount thereof or any premium thereon, or make the principal thereof or interest
or premium thereon payable in any coin or currency other than that provided in
the Securities or reduce the amount of the principal of an Original Issue
Discount Security that would be due and payable upon an acceleration of the
Maturity thereof pursuant to Section 5.02 or the amount thereof provable in
bankruptcy pursuant to Section 5.03 or impair the right to institute suit for
enforcement of any such payment on or after the Stated Maturity thereof (or, in
the case of redemption, on or after the Redemption Date), or adversely affect
the right of repayment, if any, at the option of the Holder without the consent
of the Holder of each Security so affected, (ii) reduce the aforesaid percentage
of Securities, the Holders of which are required to consent to any such
supplemental indenture, or the Holders of which are required for any waiver (of
compliance with certain provisions of this Indenture or certain defaults
hereunder and their consequences) provided for in this Indenture, (iii) modify
the obligation of the Parent Guarantor or the Company to maintain an office or
agency in the City of New York pursuant to Section 10.02, or (iv) release any
Guarantor from its obligations under its Guarantee (other than in accordance
with the terms thereof) without the consent of the Holder of

<PAGE>
                                                                              48

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

     Upon the request of the Company and the Parent Guarantor, accompanied by a
Board Resolution authorizing the execution of any such supplemental indenture,
and upon the filing with the Trustee of evidence of the consent of Holders as
aforesaid, the Trustee shall join with the Company and the Parent Guarantor 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.

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

     SECTION 9.03. Compliance with Trust Indenture Act; Effect of Supplemental
Indentures. Any supplemental indenture executed pursuant to the provisions of
this Article Nine shall comply with the Trust Indenture Act of 1939, as then in
effect. Upon the execution of any supplemental indenture pursuant to the
provisions of this Article Nine, this Indenture shall 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, the Parent Guarantor and the 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 9.04. Notation on Securities. Securities authenticated and
delivered after the execution of any supplemental indenture pursuant to the
provisions of this Article Nine may bear a notation in form approved by the
Trustee as to any matter provided for in such supplemental indenture. If the
Company or the Trustee shall so determine, new Securities of any series so
modified as to conform, in the opinion of the Trustee and the Board of
Directors, 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 of
such series then Outstanding.

     SECTION 9.05. Evidence of Compliance of Supplemental Indenture to be
Furnished Trustee.

     The Trustee, subject to the provisions of Section 6.01, shall be provided
with 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 Nine.
<PAGE>
                                                                              49

                                  ARTICLE TEN

                                    COVENANTS

     SECTION 10.01. Payment of Principal and Interest.

     The Company will duly and punctually pay the principal of, premium, if any,
and interest on the Securities in accordance with the terms of the Securities
and this Indenture.

     SECTION 10.02. Maintenance of Office or Agency.

     The Parent Guarantor and the Company shall maintain in the Borough of
Manhattan, The City of New York, an office or agency where Securities may be
presented or surrendered for payment and an office or agency where Securities
may be surrendered for transfer or exchange and where notices and demands to or
upon the Parent Guarantor or the Company in respect of the Securities and this
Indenture may be served. The Corporate Trust Office of the Trustee shall be such
office of the Parent Guarantor and the Company in The City of New York, and the
Trustee shall be the agent of the Parent Guarantor and the Company for all of
the foregoing purposes, unless the Parent Guarantor or the Company shall
designate and maintain some other office or agency for such purposes and give
the Trustee written notice of the location thereof. The Parent Guarantor and the
Company will give prompt written notice to the Trustee of any change in the
location of any such office or agency. If at any time the Parent Guarantor or
the Company shall fail to maintain any such required office or agency in the
Borough of Manhattan, The City of New York, the Corporate Trust Office of the
Trustee shall be conclusively deemed to be the agency of the Parent Guarantor
and the Company for all such purposes.

     SECTION 10.03. Money for Security Payments to be Held in Trust.

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

     Whenever the Company shall have one or more Paying Agents it will, prior to
10:00 am on each due date of the principal of or interest on, any Securities,
deposit with a Paying Agent a sum sufficient to pay the principal or premium, if
any, or interest, so becoming due, such sum to be held in trust for the benefit
of the Persons entitled to such principal or premium, if any, or interest, and
(unless such Paying Agent is the Trustee) the Company will promptly notify the
Trustee of its action or failure so to act.

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

          (1) hold all sums held by it for the payment of the principal of or
     premium, if any, or interest on Securities in trust for the benefit of the
     Persons entitled thereto until such sums shall be paid to such Persons or
     otherwise disposed of as herein provided;
<PAGE>
                                                                              50

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

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

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

     Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of or premium, if any, or
interest on any Security and remaining unclaimed for two years after such
principal or premium, if any or interest has become due and payable shall be
paid to the Company on Company Request, or (if then held by the Company) shall
be discharged from such trust; and the Holder of such Security shall thereafter,
as an unsecured general creditor, look only to the Company for payment thereof,
and all liability of the Trustee or such Paying Agent with respect to such trust
money, and all liability of the Company as trustee thereof, shall thereupon
cease; provided, however, that the Trustee or such Paying Agent, before being
required to make any such repayment, may at the expense of the Company cause to
be published once, in a newspaper published in the English language, customarily
published on each Business Day and of general circulation in the Borough of
Manhattan, The City of New York, notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from
the date of such publication, any unclaimed less than 30 days from the date of
such publication, any unclaimed balance of such money then remaining will be
repaid to the Company.

     SECTION 10.04. Payment of Taxes and Other Claims.

     The Parent Guarantor and the Company will, and will cause any Significant
Subsidiary to, promptly pay and discharge or cause to be paid and discharged all
material taxes, assessments and governmental charges or levies lawfully imposed
upon it or upon its income or profits or upon any of its property, real or
personal, or upon any part thereof, as well as all material claims for labor,
materials and supplies which, if unpaid, might by law become a lien or charge
upon its property; provided, however, that neither the Parent Guarantor, the
Company nor any Significant Subsidiary shall be required to pay or discharge or
cause to be paid or discharged any such tax, assessment, charge, levy, or claim
if the amount, applicability or validity thereof shall currently be contested in
good faith by appropriate proceedings and if the Parent Guarantor, the Company
or such Significant Subsidiary, as the case may be, shall have set aside on its
books reserves deemed by it adequate with respect thereto.
<PAGE>
                                                                              51

     SECTION 10.05. Maintenance of Properties.

     Each of the Parent Guarantor and the Company will maintain and keep its
properties and every part thereof in such repair, working order and condition,
and make or cause to be made all such needful and proper repairs, renewals and
replacements thereto, as in the judgment of the Parent Guarantor or the Company,
as the case may be, are necessary in the interests of the Parent Guarantor or
the Company, as the case may be; provided, however, that nothing contained in
this Section shall prevent the Parent Guarantor or the Company from selling,
abandoning or otherwise disposing of any of its properties or discontinuing a
part of its business from time to time if, in the judgment of the Parent
Guarantor or the Company, such sale, abandonment, disposition or discontinuance
is advisable and does not materially adversely affect the interests or business
of the Parent Guarantor or the Company, as the case may be.

     SECTION 10.06. Statement as to Default.

     The Company shall deliver to the Trustee, within 120 days after the end of
each fiscal year of the Company (which as of the date hereof is December 31), an
Officers' Certificate stating that in the course of the performance by the
signers of their duties as Officers of the Company, they would normally have
knowledge of any failure by the Company to comply with all conditions, or any
Default by the Company with respect to any covenants, under this Indenture, and
further stating whether or not they have knowledge of any such failure or
Default and, if so, specifying each such failure or Default and the nature
thereof. In the event an Officer of the Company comes to have actual knowledge
of a Default, regardless of the date, the Company shall deliver an Officers'
Certificate to the Trustee specifying such Default and the nature and status
thereof.

     SECTION 10.07. Corporate Existence.

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

     SECTION 10.08. Waiver of Certain Covenants.

     The Parent Guarantor and the Company may omit in any particular instance to
comply with any covenant or condition set forth in Section 10.04, 10.05 and
10.07 or any covenant added for the benefit of any series of Securities as
contemplated by Section 3.01, if before or after the time for such compliance
the Holders of at least a majority in principal amount of the Securities of such
series at the time Outstanding shall, by Act of such Holders, waive such
compliance in such instance, but no such waiver shall extend to or affect such
covenant or condition except to the extent so expressly waived, and, until such
waiver shall become effective, the obligations of the Parent Guarantor and the
Company and the duties of the Trustee in respect of any such covenant or
condition shall remain in full force and effect.
<PAGE>
                                                                              52

     SECTION 10.09. Calculation of Original Issue Discount.

     The Company shall file with the Trustee promptly at the end of each
calendar year (i) a written notice specifying the amount of original issue
discount (including daily rates and accrual periods) accrued on Outstanding
Securities as of the end of such year and (ii) such other specific information
relating to such original issue discount as may then be relevant under the
Internal Revenue Code of 1986, as amended from time to time.

     SECTION 10.10  Reports.

     (a)  The Company shall deliver to the Trustee within 15 days after it files
them 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 by rules and regulations prescribe) which the
Company is required to file with the Commission pursuant to Section 13 or 15(d)
of the Exchange Act; provided, however, the Company shall not be required to
deliver to the Trustee any materials for which the Company has sought and
received confidential treatment by the Commission. The Company also shall comply
with the other provisions of Section 314(a) of the Trust Indenture Act.

     (b)  Delivery of such reports, information and documents to the Trustee is
for informational purposes only and the Trustee's receipt of such shall not
constitute constructive notice of any informational contained therein or
determinable from information contained therein, including the Company's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to conclusively rely exclusively on Officers' Certificates).

     (c)  If at any time the Company is not subject to Section 13 or 15(d) of
the Exchange Act, upon the request of a Holder of a Security, the Company will
promptly furnish or cause to be furnished to such Holder or to a prospective
purchaser of such Security designated by such Holder, as the case may be, the
information, if any, required to be delivered by it pursuant to Rule 144A(d)(4)
under the Securities Act of 1933, as amended, to permit compliance with Rule
144A in connection with the resale of such Security.

                                 ARTICLE ELEVEN

                            REDEMPTION OF SECURITIES

     SECTION 11.01. Applicability of Article. The provisions of this Article
shall be applicable to the Securities of any series which are redeemable before
their maturity except as otherwise specified as contemplated by Section 3.01 for
Securities of such series.

     SECTION 11.02. Notice of Redemption; Selection
of Securities. In case the
Company shall desire to exercise the right to redeem all, or, as the case may
be, any part of the Securities of any series in accordance with their terms, it
shall fix a date for redemption and shall mail or cause to be mailed a notice of
such redemption at least 30 and not more than 60 days prior to the date fixed
for redemption to the Holders of Securities of such series so to be redeemed as
a whole or in part at their last addresses as the same appear on the Security
Register. Such mailing shall be by first class mail. The notice if mailed in the
manner herein provided shall be conclusively presumed to have been duly given,
whether or not the Holder receives such notice. In any case, failure to give
such notice by mail or any defect in the notice to the Holder of any Security of
a series designated for redemption as a whole or in part shall not affect the
validity of the proceedings for the redemption of any other Security of such
series.

     Each such notice of redemption shall include CUSIP numbers and specify the
date fixed for redemption, the redemption price at which Securities of such
series are to be redeemed, the place or places of payment, that payment will be
made upon presentation and surrender of such Securities, that any interest
accrued to the date fixed for redemption will be paid as specified in said
notice, and that on and after said date any interest thereon or on the portions
thereof to be redeemed will cease to accrue. If less than all the Securities of
a series are to be redeemed the notice of redemption shall specify the numbers
of the Securities of that series to be redeemed. In case any Security of a
series is to be redeemed in part only, the notice of redemption shall state the
portion of the principal amount thereof to be redeemed and shall state that on
and after the date fixed for redemption, upon surrender of such Security, a new
Security or Securities of that series in principal amount equal to the
unredeemed potion thereof will be issued.

     Prior to 10:00 am on the redemption date specified in the notice of
redemption given as provided in this Section 11.02, the Company will deposit
with the Trustee or with one or more paying agents an amount of money sufficient
to redeem on the redemption date all the Securities or portions thereof so
called for redemption at the appropriate redemption price, together with accrued
interest to the date fixed for redemption.

     If all or less than all the Securities of a series are to be redeemed, the
Company will give the Trustee notice not less than 60 days prior to the
redemption date as to the aggregate principal amount of Securities to be
redeemed and the Trustee shall select, in such manner as in its sole
<PAGE>
                                                                              53

discretion it shall deem appropriate, the Securities of that series or portions
thereof (in multiples of $1,000, except as otherwise set forth in the applicable
form of Security) to be redeemed.

     SECTION 11.03. Payment of Securities Called for Redemption. If notice of
redemption has been given as provided in Section 11.02 or Section 12.03, the
Securities or portions of Securities of the series with respect to which such
notice has been given shall become due and payable on the date and at the place
or places stated in such notice at the applicable redemption price, together
with any interest accrued to the date fixed for redemption, and on and after
said date (unless the Company shall default in the payment of such Securities at
the applicable redemption price, together with any interest accrued to said
date) any interest on the Securities or portions of Securities of any series so
called for redemption shall cease to accrue. On presentation and surrender of
such Securities at a place of payment in said notice specified, the said
Securities or the specified portions thereof shall be paid and redeemed by the
Company at the applicable redemption price, together with any interest accrued
thereon to the date fixed for redemption.

     Upon presentation of any Security redeemed in part only, the Company shall
execute and the Trustee shall authenticate and deliver to the Holder thereof, at
the expense of the Company, a new Security or Securities of such series, of
authorized denominations, in principal amount equal to the unredeemed portion of
the Security so presented.

                                 ARTICLE TWELVE

                                  SINKING FUNDS

     SECTION 12.01. Applicability of Article. The provisions of this Article
shall be applicable to any sinking fund for the retirement of Securities of a
series except as otherwise specified as contemplated by Section 3.01 for
Securities of such series.

     The minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a "mandatory sinking fund
payment", and any payment in excess of such minimum amount provided for by the
terms of Securities of any series is herein referred to as an "optional sinking
fund payment".

     SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with
Securities. In lieu of making all or any part of any mandatory sinking fund
payment with respect to any Securities of a series in cash, the Company may at
its option (a) deliver to the Trustee Securities of that series theretofore
purchased or otherwise acquired by the Company, or (b) receive credit for the
principal amount of Securities of that series which have been previously
delivered by the Trustee to the Company which have been redeemed either at the
election of the Company pursuant to the terms of such Securities or through the
application of permitted optional sinking fund payments pursuant to the terms of
such Securities; provided that such Securities have not been previously so
credited. Such Securities shall be received and credited for such purpose by the
Trustee at the Redemption Price specified in such Securities for redemption
through operation of the sinking fund and the amount of such mandatory sinking
fund payment shall be reduced accordingly.
<PAGE>
                                                                              54

     SECTION 12.03. Redemption of Securities for Sinking Fund. Not less than 60
days prior to each sinking fund payment date for any series of Securities, the
Company will deliver to the Trustee a certificate signed by the Treasurer or any
Assistant Treasurer of the Company specifying the amount of the next ensuing
sinking fund payment for that series pursuant to the terms of that series, the
portion thereof, if any, which is to be satisfied by payment of cash and the
portion thereof, if any, which is to be satisfied by delivering or crediting
Securities of that series pursuant to Section 12.02 (which Securities will, if
not previously delivered, accompany such certificate) and whether the Company
intends to exercise its right to make a permitted optional sinking fund payment
with respect to such series. Such certificate shall also state that no Event of
Default has occurred and is continuing with respect to such series. Such
certificate shall be irrevocable and upon its delivery the Company shall be
obligated to make the cash payment or payments therein referred to, if any, on
or before the next succeeding sinking fund payment date. In the case of the
failure of the Company to deliver such certificate (or to deliver the Securities
specified in this paragraph), the sinking fund payment due on the next
succeeding sinking fund payment date for that series shall be paid entirely in
cash and shall be sufficient to redeem the principal amount of such Securities
subject to a mandatory sinking fund payment without the option to deliver or
credit Securities as provided in Section 12.02 and without the right to make any
optional sinking fund payment, if any, with respect to such series.

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

     The Trustee shall select the Securities to be redeemed upon such sinking
fund payment date in the manner specified in the last paragraph of Section 11.02
and the Company shall cause notice of the redemption thereof to be given in the
manner provided in Section 11.02 except that the notice of redemption shall also
state that the Securities are being redeemed by operation of the sinking fund.
Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Section 11.03.

     Prior to 10:00 am on each sinking fund payment date, the Company shall pay
to the Trustee in cash a sum equal to any interest accrued to the date fixed for
redemption of Securities or portions thereof to be redeemed on such sinking fund
payment date pursuant to this Section.
<PAGE>
                                                                              55

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

                                ARTICLE THIRTEEN

                                HOLDERS' MEETINGS

     SECTION 13.01. Purposes of Meetings. A meeting of Holders of Securities of
any or all series may be called at any time and from time to time pursuant to
the provisions of this Article for any one or more of the following purposes.

          (1) 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 default
     hereunder and its consequences, or to take any other action authorized to
     be taken by Holders pursuant to any of the provisions of Article Five;

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

          (3) to consent to the execution of an indenture or indentures
     supplemental hereto pursuant to the provisions of Section 9.02; or

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

     SECTION 13.02. Call of Meetings by Trustee. The Trustee may at any time
call a meeting of Holders of Securities of any or all series to take any action
specified in Section 13.01, to be held at such time and at such place in the
Borough of Manhattan, The City of New York, as the Trustee shall determine.
Notice of every meeting of the Holders of Securities of any or all series,
setting forth the time and the place of such meeting and in general terms the
action proposed to be taken at such meeting, shall be mailed not less than 20
nor more than 60 days prior to the date fixed for the meeting to Holders of
Securities of each series affected.
<PAGE>
                                                                              56

     SECTION 13.03. Call of Meetings by Company or Holders.

     In case at any time the Company, pursuant to a Board Resolution, or the
Holders of not less than 10% in aggregate principal amount of the Outstanding
Securities of any series shall have requested the Trustee to call a meeting of
Holders of Securities of the series of which they hold not less than 10%, to
take any action authorized in Section 13.01, by written request setting forth in
reasonable detail the action proposed to be taken at the meeting, and the
Trustee shall not have mailed notice of such meeting within 20 days after
receipt of such request, then the Company or the Holders in the amount above
specified may determine the time and the place for such meeting and may call
such meeting to take any action authorized in Section 13.01 by mailing notice
thereof as provided in Section 13.02.

     SECTION 13.04. Qualifications for Voting.

     To be entitled to vote at any meeting of Holders, a Person shall be a
Holder at the close of business two Business Days prior to such meeting of one
or more Securities with respect to which such meeting is being held or be a
Person appointed by an instrument in writing as proxy by such a Holder. The only
Persons who will be entitled to be present or to speak at any meeting of Holders
shall be the Persons entitled to vote at such meeting and their counsel and any
representatives of the Trustee and its counsel and any representatives of the
Company and its counsel.

     SECTION 13.05. Regulations.

     Notwithstanding any other provision of this Indenture, the Trustee may make
such reasonable regulations as it may deem advisable for any meeting of Holders,
in regard to the appointment of proxies, 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. Except as otherwise permitted or
required by any such regulations, the holding of Securities shall be proved in
the manner specified in Section 1.04 and the appointment of any proxy shall be
proved in the manner specified in said Section 1.04; provided, however, that
such regulations may provide that written instruments appointing proxies,
regular on their face, may be presumed valid and genuine without the proof
hereinbefore or in said Section 1.04 specified.

     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 the Holders as provided in Section 13.03, in which case the Company
or the Holders calling the meeting, as the case may be, shall in like manner
appoint a temporary chairman. A permanent chairman and a permanent secretary of
the meeting may be elected by vote of the Holders of a majority in principal
amount of the Securities with respect to which such meeting is being held
represented at the meeting and entitled to vote.

     At any meeting each Holder or proxy shall be entitled to one vote for each
$1,000 principal amount of Securities with respect to which such meeting is
being held or represented by him and Outstanding (in the case of Original Issue
Discount Securities, such principal amount to be determined as provided in the
definition of "Outstanding"); provided, however, that no vote shall be cast or
counted at any meeting in respect of any Security challenged as not Outstanding
and ruled by the chairman of the meeting to be not Outstanding. The chairman of
the meeting shall have no right to vote other than by virtue of Securities held
by him or instruments in writing
<PAGE>
                                                                              57

as aforesaid duly designating him as the Person to vote on behalf of other
Holders. Any meeting of Holders duly called pursuant to the provisions of
Section 13.02 or 13.03 may be adjourned from time to time by vote of the Holders
(or proxies for such Holders) of a majority of the Securities with respect to
which such meeting is being held represented at the meeting, and entitled to
vote, and the meeting may be held as so adjourned without further notice.

     Notwithstanding anything in this Section to the contrary, at any meeting of
Holders, the presence of Persons holding or representing Securities with respect
to which such meeting is being held in an aggregate principal amount sufficient
under the appropriate provision of this Indenture to take action on any business
for the transaction of which such meeting was called shall constitute a quorum,
but, if less than a quorum is present, the Persons holding or representing a
majority in aggregate principal amount of such Securities represented at the
meeting may adjourn such meeting with the same effect, for all intents and
purposes, as though a quorum had been present.

     SECTION 13.06. Voting.

     The vote upon any resolution submitted to any meeting of Holders of
Securities with respect to which such meeting is being held shall be by written
ballots on which shall be subscribed the signature of such Holders or proxies
and the serial number or numbers and the principal amounts of the Securities
held or represented by them. The chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against
any resolution and who shall make and file with the secretary of the meeting
their verified written reports in duplicate of all votes cast at the meeting. A
record in duplicate of the proceedings of each meeting of Holders shall be
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 mailed as provided in Section 13.02. The record shall be signed and
verified by the affidavits of the 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, the latter to have attached thereto the ballots
voted at the meeting.

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

     SECTION 13.07. Revocation by Holders.

     At any time prior to (but not after) the evidencing to the Trustee, in the
manner provided in Section 1.04, of 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 Person who is the Holder of a
Security the serial number of which is 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 and upon proof of holding as provided in
Section 1.04, revoke such consent so far as concerns such Security, or if such
Security is a Predecessor Security, so far as concerns the portion of such
Security of which such Persons is the Holder. Except as aforesaid any such
consent given 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
<PAGE>
                                                                              58

Security issued in exchange therefor or in lieu thereof, irrespective of whether
or not any notation in regard thereto is made upon such Security. Any action
taken by the Holders of the percentage in aggregate principal amount of the
Securities specified in this Indenture in connection with such action shall be
conclusively binding upon the Parent Guarantor, the Company, the Trustee and the
Holders of all the Securities.

     SECTION 13.08. No Delay.

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

     SECTION 13.09. Action by Holders. Whenever in this Indenture it is
provided that the Holders of a specified percentage in aggregate principal
amount of the Securities of any or all series may take any action (including the
making of any demand or request, the giving of any notice, consent or waiver or
the taking of any other 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 Holders in person or by agent or proxy appointed in writing, or
(b) by the record of such Holders voting in favor thereof at any meeting of such
Holders duly called and held in accordance with the provisions of this Article
Thirteen, or (c) by a combination of such instrument or instruments and any such
record of such a meeting of such Holders.

                                ARTICLE FOURTEEN

                                   DEFEASANCE

     SECTION 14.01. Applicability of Article. The provisions of this Article
shall be applicable to Securities of a series except as otherwise specified
pursuant to Section 3.01 for Securities of such series.

     SECTION 14.02. Defeasance Upon Deposit of Moneys or U.S. Government
Obligations. At the Company's option, either (a) the Company shall be deemed to
have been Discharged (as defined below) from its obligations with respect to
Securities of any series ("Legal Defeasance Option") or (b) the Company shall
cease to be under any obligation to comply with any term, provision or condition
set forth in Sections 8.01, 10.04 and 10.05 with respect to Securities of any
series (and, if so specified pursuant to Section 3.01, any other obligation of
the Company or restrictive covenant added for the benefit of such series
pursuant to Section 3.01) ("Covenant Defeasance Option") at any time after the
applicable conditions set forth below have been satisfied:

          (1) the Company shall have deposited or caused to be deposited
     irrevocably with the Trustee as trust funds in trust, specifically pledged
     as security for, and dedicated solely to, the benefit of the Holders of the
     Securities of such series (i) money in an amount, or (ii) U.S. Government
     Obligations (as defined below) which through the payment of interest and
     principal in respect thereof in accordance with their terms will
<PAGE>
                                                                              59

     provide, not later than one day before the due date of any payment, money
     in an amount, or (iii) a combination of (i) and (ii), sufficient, in the
     opinion (with respect to (i) and (ii)) of a nationally recognized firm of
     independent public accountants expressed in a written certification thereof
     delivered to the Trustee, to pay and discharge each installment of
     principal (including any mandatory sinking fund payments) of and premium,
     if any, and interest on, the Outstanding Securities of such series on the
     dates such installments of interest or principal and premium are due;

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

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

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

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

     Notwithstanding the foregoing, if the Company exercises its covenant
defeasance option and an Event of Default under Section 5.01(e) or event which
with the giving of notice or lapse of time, or both, would become an Event of
Default under Section 5.01(e) shall have occurred and be continuing on the 91st
day after the date of such deposit, the obligations of the Company referred to
under the definition of covenant defeasance option with respect to such
Securities shall be reinstated.

     "Discharged" means that the Company shall be deemed to have paid and
discharged the entire indebtedness represented by, and obligations under, the
Securities of such series and to have satisfied all the obligations under this
Indenture relating to the Securities of such series (and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging the
same), except (A) the rights of Holders of Securities of such series to receive,
from the trust fund described in clause (1) above, payment of the principal of
(and premium, if any) and interest on such Securities when such payments are
due, (B) the Company's obligations with respect to the Securities of such series
under Sections 3.05, 3.06, 3.07, 10.02 and 14.03 and to the Trustee under
Section 6.07 and (C) the rights, powers, trusts, duties and immunities of the
Trustee hereunder.
<PAGE>
                                                                              60

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

     SECTION 14.03. Deposited Moneys and U.S. Government Obligations to Be Held
in Trust. All moneys and U.S. Government Obligations deposited with the Trustee
pursuant to Section 14.02 in respect of Securities of a series shall be held in
trust and applied by it, in accordance with the provisions of such Securities
and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Holders of such Securities, of all sums due and to become due
thereon for principal (and premium, if any) and interest, if any, but such money
need not be segregated from other funds except to the extent required by law.

     SECTION 14.04. Repayment to Company. Any money deposited with the Trustee
or any Paying Agent, or then held by the Company, in trust for the payment of
the principal of, premium or interest on any Security and remaining unclaimed
for two years after such principal, and premium, if any, or interest has become
due and payable shall be paid to the Company on its request or (if then held by
the Company) shall be discharged from such trust; and the Holder of such
Security shall thereafter, as an unsecured creditor, look only to the Company
for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in The New York Times and The
Wall Street Journal (national edition), notice that such money remains unclaimed
and that, after a date specified therein, which shall not be less than 30 days
from the date of such notification or publication, any unclaimed balance of such
money then remaining will be repaid to the Company.

                                ARTICLE FIFTEEN

                                   GUARANTEES

     SECTION 15.01. Guarantees. The Parent Guarantor hereby unconditionally
guarantees (the "Guarantee", and together with the other guarantees of the
Securities, if any, the "Guarantees"), jointly and severally with each other
Guarantor of the Securities of that series, if any, to each Holder of such
Securities authenticated and delivered by the Trustee and to the Trustee and its
successors and assigns, irrespective of the validity and enforceability of this
Indenture, such Securities or the obligations of the Company hereunder or
thereunder, (i) the due
<PAGE>
                                                                              61

and punctual payment of the principal of and any premium or interest on such
Securities, whether at Maturity or on an Interest Payment Date, by acceleration,
pursuant to an offer to purchase such Securities or otherwise, and interest on
the overdue principal of and interest, if any, on such Securities, if lawful,
and all other obligations of the Company to the Holders of such Securities or
the Trustee hereunder or thereunder shall be promptly paid in full, all in
accordance with the terms hereof and thereof including all amounts payable to
the Trustee under Section 6.07 hereof, and (ii) in case of any extension of time
of payment or renewal of any such Securities or any of such other obligations,
the same shall be promptly paid in full when due or to be performed in
accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise.

     If the Company fails to make any payment when due of any amount so
guaranteed for whatever reason, the Parent Guarantor of the Securities of that
series shall be obligated, jointly and severally with each other such Guarantor,
if any, to pay the same immediately. The Parent Guarantor hereby agrees that its
obligations hereunder shall be continuing, absolute and unconditional,
irrespective of, and shall be unaffected by, the validity, regularity or
enforceability of the Securities, this Indenture, the absence of any action to
enforce the same, any waiver or consent by any Holder of the Securities or the
Trustee with respect to any provisions hereof or thereof, the recovery of any
judgment against the Company, any action to enforce the same or any other
circumstance which might otherwise constitute a legal or equitable discharge or
defense of such Guarantor. The Parent Guarantor hereby waives diligence,
presentment, demand of payment, demand of performance, filing of claims with a
court in the event of insolvency or bankruptcy of the Company, any right to
require a proceeding first against the Company, the benefit of discussion,
protest, notice and all demand whatsoever and covenants that its Guarantee shall
not be discharged except by complete performance of the obligations contained in
the Securities guaranteed by such Guarantee, in this Indenture and in this
Article Fifteen. If any Holder of Securities of a series guaranteed hereby or
the Trustee is required by any court or otherwise to return to the Company or
the Parent Guarantor of such Securities, or any custodian, trustee, liquidator
or other similar official acting in relation to the Company or the Parent
Guarantor, any amount paid by the Company or the Parent Guarantor of such
Securities to the Trustee or such Holder, this Article Fifteen, to the extent
theretofore discharged with respect to the Guarantee of such Securities, shall
be reinstated in full force and effect. The Parent Guarantor agrees that it
shall not be entitled to any right of subrogation in relation to the Holders of
Securities of a series guaranteed hereby by the Parent Guarantor in respect of
any obligations guaranteed hereby by such Guarantee until payment in full of all
such obligations. The Parent Guarantor further agrees that, as between the
Parent Guarantor, on the one hand, and the Holders of Securities of a series
guaranteed hereby by the Parent Guarantor and the Trustee on the other hand, (i)
the maturity of the obligations guaranteed hereby by such Guarantee may be
accelerated as provided in Article Five hereof for the purposes of the
Guarantee, notwithstanding any stay, injunction or other prohibition preventing
such acceleration in respect of the obligations guaranteed hereby and (ii) in
the event of any acceleration of such obligations as provided in Article Five
hereof, such obligations (whether or not due and payable) shall forthwith become
due and payable by the Parent Guarantor, jointly and severally with any other
Guarantor of such Securities, if any, for the purpose of this Article Fifteen.
In addition, without limiting the foregoing, upon the effectiveness of an
acceleration under Article Five, the Trustee may make a demand for payment on
the Securities under the Guarantee thereof not discharged.
<PAGE>
                                                                              62

     With respect to the Guarantee, the Parent Guarantor shall be subrogated to
all rights of the Holder of any Securities guaranteed hereby by such Guarantee
against the Company in respect of any amounts paid to such Holder by the Parent
Guarantor pursuant to the provisions of such Guarantee; provided that the Parent
Guarantor shall not be entitled to enforce, or to receive any payments arising
out of or based upon, such right of subrogation until the principal of and
interest on all such Securities shall have been paid in full.

     The Guarantee provided in this Section 15.01 shall not be valid or become
obligatory for any purpose with respect to a Security until the certificate of
authentication on such Security shall have been signed by the Trustee or any
duly appointed agent.

     SECTION 15.02. Obligations of the Guarantor Unconditional. Nothing
contained in this Article Fifteen or elsewhere in this Indenture or in any
Security is intended to or shall impair, as between the Parent Guarantor and the
Holders of the Securities guaranteed by the Guarantee, the obligations of the
Parent Guarantor, which are absolute and unconditional, to pay to such Holders
the principal of and interest on such Securities as and when the same shall
become due and payable in accordance with the provisions of the Guarantee or is
intended to or shall affect the relative rights of such Holders and creditors of
the Parent Guarantor, nor shall anything herein or therein prevent the Trustee
or any such Holder from exercising all remedies otherwise permitted by
applicable law upon Default under this Indenture in respect of cash, property or
securities of the Parent Guarantor received upon the exercise of any such
remedy;

     Upon any distribution of assets of the Parent Guarantor referred to in this
Article Fifteen, the Trustee, subject to the provisions of Sections 6.01 and
6.03, and the Holders of the Securities guaranteed hereby by the Parent
Guarantor shall be entitled to rely upon any order or decree made by any court
of competent jurisdiction in which such dissolution, winding up, liquidation or
reorganization proceedings are pending, or a certificate of the liquidating
trustee or agent or other person making any distribution to the Trustee or to
such Holders, for the purpose of ascertaining the persons entitled to
participate in such distribution, the holders of other indebtedness of the
Parent Guarantor, the amount thereof or payable thereon, the amount or amounts
paid or distributed thereon and all other facts pertinent thereto or to this
Article Fifteen.

     SECTION 15.03. Article Fifteen Not To Prevent Events of Default. The
payment of principal or interest on the Securities of any series by reason of
any provision in this Article Fifteen shall not be construed as preventing the
occurrence of an Event of Default.

     SECTION 15.04. Execution and Delivery of Guarantee. To evidence the
Guarantee, the Parent Guarantor and each other Guarantor, if any, shall endorse
a Guarantee Notation, substantially in the form of Exhibit A hereto, on each
Security authenticated and delivered by the Trustee that is guaranteed by the
Guarantee.

     The Parent Guarantor hereby agrees that its Guarantee shall remain in full
force and effect notwithstanding any failure to endorse the Guarantee Notation
on each such Security.

     If an officer whose signature is on the Securities guaranteed hereby no
longer holds that office at the time the Trustee authenticates the Security on
which a notation of the Guarantee is endorsed, the Guarantee shall be valid
nevertheless.
<PAGE>
                                                                              63

     The delivery of any Security by the Trustee, after the authentication
thereof hereunder, shall constitute due delivery of the Guarantee thereof.

     SECTION 15.05. Ranking of Guarantee. Unless otherwise set forth in the
applicable Board Resolution or supplemental indenture establishing the terms of
the Securities of a series, the obligations of the Parent Guarantor under the
Guarantee will rank on parity with all other unsecured, unsubordinated
indebtedness of the Parent Guarantor.

     SECTION 15.06. Waiver of Jury Trial. Each of the Company, the Parent
Guarantor and the Trustee hereby irrevocably waives, to the fullest extent
permitted by applicable law, any and all right to trial by jury in any legal
proceeding arising out of or relating to this agreement, the Securities or the
transactions contemplated hereby.

                                   * * * * * *
<PAGE>
                                                                              64

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

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

Dated:                            L-3 COMMUNICATIONS CORPORATION, AS ISSUER

                                       By:______________________________________

                                          Name:
                                          Title:

                                       By:______________________________________

                                          Name:
                                          Title:

                                       L-3 COMMUNICATIONS HOLDINGS, INC., AS
                                       GUARANTOR

                                       By:______________________________________

                                          Name:
                                          Title:

                                       By:______________________________________

                                          Name:
                                          Title:

                                       THE BANK OF NEW YORK

                                       By_______________________________________

<PAGE>

                                                                       EXHIBIT A

                          [FORM OF NOTATION OF SECURITY
                             RELATING TO GUARANTEE]

                                    GUARANTEE

     [Name of Guarantor] (hereinafter referred to as the "Guarantor", which term
includes any successor person under the Indenture (the "Indenture") referred to
in the Security upon which this notation is endorsed (the "Endorsed Security"))
has unconditionally guaranteed (i) the due and punctual payment of the principal
of, premium, if any, and interest on the Endorsed Security and all other
Securities of the same series as the Endorsed Security (the "Guaranteed
Securities"), whether at maturity, by acceleration or otherwise, the due and
punctual payment of interest on the overdue principal of, premium, if any, and
interest, if any, on the Guaranteed Securities, to the extent lawful, and the
due and punctual performance of all other obligations of the Company to the
Holders of Guaranteed Securities or the Trustee all in accordance with the terms
set forth [in Article Fifteen of the Indenture] [in the supplemental indenture
dated _________ __, 200_ (the "Supplemental Indenture")] and (ii) in case of any
extension of time of payment or renewal of any Guaranteed Securities or any of
such other obligations, that the same will be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, whether at
stated maturity, by acceleration or otherwise. Capitalized terms not otherwise
defined herein shall have the meanings ascribed thereto in the Indenture.

     The obligations of the Guarantor to the Holders of Guaranteed Securities
and to the Trustee pursuant to the Guarantee evidenced hereby and the Indenture
are expressly set forth in [Article Fifteen of the Indenture] [Article __ of the
Supplemental Indenture] and reference is hereby made to such [Indenture]
[Supplemental Indenture] for the terms of such Guarantee.

     No stockholder, officer, director or incorporator, as such, past, present
or future, of the Guarantor shall have any personal liability under the
Guarantee evidenced hereby by reason of his or its status as such stockholder,
officer, director or incorporator.

     The Guarantee evidenced hereby shall not be valid or obligatory for any
purpose until the certificate of authentication of the Guaranteed Securities
shall have been executed by the Trustee under the Indenture by the manual
signature of one of the Trustee's authorized signatories.

                                                [Name of Guarantor]

                                                 By:____________________________
                                                    Name:
                                                    Title:

                                                 By:____________________________
                                                    Name:
                                                    Title:

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