Document:

Third Supplemental Indenture dated as of June 29, 2007

 Exhibit 4.8 
  

 MELLON FUNDING CORPORATION, as ISSUER 
 and 
 MELLON FINANCIAL CORPORATION, as GUARANTOR 
 and 
 THE BANK OF NEW YORK MELLON CORPORATION,
as SUCCESSOR GUARANTOR 
 to 
 UNION BANK OF CALIFORNIA, NATIONAL ASSOCIATION, as successor Trustee to 
 JPMorgan Trust Company, National Association (formerly
known as Bank One Trust Company, National Association) 
  

 THIRD SUPPLEMENTAL INDENTURE 
  

 Dated as of June 29, 2007 
  

  

 Third Supplemental Indenture, dated as of June 29, 2007, among Mellon Funding Corporation, a
corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania having its principal executive office at One Mellon Center, 500 Grant Street, Pittsburgh, Pennsylvania 15258 (the “Company”), Mellon Financial
Corporation, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania having its principal executive office at One Mellon Center, 500 Grant Street, Pittsburgh, Pennsylvania 15258 (the “Guarantor”),
The Bank of New York Mellon Corporation, a Delaware corporation (“Newco”), and Union Bank of California, National Association (as successor to J.P. Morgan Trust Company, National Association, formerly known as Bank One Trust Company,
National Association), a California bank having its principal office at 350 California Street, San Francisco, California 94104, as Trustee (the “Trustee”). 
 RECITALS 
 The Company and the Guarantor executed and delivered to the Trustee that certain indenture, dated
as of June 12, 2000 (the “Base Indenture”), the First Supplemental Indenture, dated as of April 30, 2001 (the “First Supplemental Indenture”), and the Second Supplemental Indenture, dated as of March 5, 2004 (the
“Second Supplemental Indenture”), pursuant to which one or more series of unsecured subordinated debentures, notes or other evidences of indebtedness of the Company (the “Securities”), guaranteed on a subordinated basis by the
Guarantor (the “Guarantees”), may be issued from time to time by the Company. The Base Indenture, as amended by the First Supplemental Indenture and the Second Supplemental Indenture is herein called the “Indenture.” All
capitalized terms used in this Third Supplemental Indenture not otherwise defined herein shall have the meanings assigned to such terms in the Indenture. 
 Section 903(1) of the Indenture provides that nothing shall prevent any consolidation or merger of the Guarantor with or into any other corporation or corporations, provided that if the Guarantor merges into
another corporation, the corporation into which the Guarantor is merged must be organized under the laws of the United States of America or any state thereof and shall expressly assume by a supplemental indenture, in form satisfactory to the
Trustee, the Guarantees endorsed on the Securities and the performance of every covenant in the Indenture to be observed or performed by the Guarantor. 
 Section 1001(1) of the Indenture provides that a supplemental indenture may be entered into by the Company, when authorized by a Board Resolution, and the Guarantor and the Trustee without the consent of any
Holders to evidence the succession of another person as the Guarantor and the assumption by the successor of the covenants of the Guarantor in the Indenture and the Guarantees. 
 The Guarantor and The Bank of New York Company, Inc. have entered into an Agreement and Plan of Merger dated December 3, 2006 as amended and
restated on February 23, 2007 and March 30, 2007, pursuant to which they have agreed to merge (the “Merger”) with and into Newco, a newly formed Delaware corporation which will survive the Merger. 
  

 -1- 

 Pursuant to the Merger, Newco will assume, upon the consummation of the Merger, the Guarantees endorsed
on the Outstanding Securities (defined below) and the performance of every covenant of the Indenture to be observed or performed by the Guarantor. 
 The Company and the Guarantor desire and have requested the Trustee to join with them in the execution and delivery of this Third Supplemental Indenture for the purpose of amending the Indenture to provide for the assumption, upon
consummation of the Merger, of the Guarantees endorsed on the Outstanding Securities and the obligations of the Guarantor under the Indenture by Newco. 
 The following series of Securities (the “Outstanding Securities”), with Guarantees endorsed thereon, have been issued prior to the execution hereof and remain outstanding: 6.40% Subordinated Notes Due
May 14, 2011, 5.00% Subordinated Notes Due December 1, 2014, and 5.50% Subordinated Notes due November 15, 2018. 
 The
Company has furnished the Trustee with (i) an Opinion of Counsel stating that the Merger and the execution of this Third Supplemental Indenture comply with the Indenture, (ii) an Officers’ Certificate and an Opinion of Counsel each
stating that all conditions precedent provided for in the Indenture with respect to this Third Supplemental Indenture have been complied with and (iii) a copy of the resolutions of its Board of Directors, certified by its Secretary or an
Assistant Secretary, pursuant to which this Third Supplemental Indenture has been authorized. 
 The Guarantor has furnished the Trustee with
an Opinion of Counsel and an Officers’ Certificate each stating that the Guarantees remain in full force and effect. 
 All actions
necessary to make this Third Supplemental Indenture a valid agreement of the Company, the Guarantor, Newco and the Trustee and a valid amendment of and supplement to the Indenture have been taken. 
 NOW THEREFORE THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH: 
 For and in consideration of the premises and intending to be legally bound hereby, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series
thereof, as follows: 
 ARTICLE ONE 
 ASSUMPTION OF OBLIGATIONS 
 SECTION 1.1. Assumption of Obligations under Indenture. Newco hereby fully and unconditionally
agrees to assume, and hereby does assume, effective upon the consummation of the Merger, the Guarantees endorsed on the Outstanding Securities and the performance and observance of every covenant of the Indenture on the part of the Guarantor to be
performed or observed. 
  

 -2- 

 ARTICLE TWO 
 DISCHARGE OF OBLIGATIONS 
 SECTION 2.1. Discharge of the Guarantor from Obligations. In accordance
with Section 904 of the indenture, upon the consummation of the Merger, the Guarantor shall be discharged from all covenants and obligations under the Guarantees endorsed on the Outstanding Securities and the Indenture. 
 ARTICLE THREE 
 MISCELLANEOUS 
 SECTION 3.1. All the provisions of this Third Supplemental Indenture shall be deemed to be incorporated in, and made a part of, the Indenture; and the
Indenture, as supplemented and amended by this Third Supplemental Indenture, shall be read, taken and construed as one and the same instrument. Upon the execution and delivery of the Third Supplemental Indenture, in accordance with Article Nine of
the Indenture, Newco shall succeed to and be substituted for the Guarantor with the same effect as if it had been named therein as the party of the first part and the Guarantor shall be relieved of all obligations and covenants under the Indenture
and the Guarantees. 
 SECTION 3.2. This Third Supplemental Indenture 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. 
 SECTION
3.3. In case any provision in this Third Supplemental Indenture 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 3.4. Nothing in this Third Supplemental Indenture, express or implied, shall give to any person, other than the parties hereto and their
successors hereunder and the Holders, any benefit or legal or equitable right, remedy or claim under this Third Supplemental Indenture. 
 SECTION 3.5. This Third Supplemental Indenture will become effective upon its execution and delivery. 
 SECTION 3.6. All covenants
and agreements in the Indenture, as supplemented and amended by this Supplemental Indenture, by the Company shall bind its successors and assigns, whether so expressed or not. 
 SECTION 3.7. The Indenture as supplemented by this Third Supplemental Indenture, is in all respects ratified and confirmed, and this Third Supplemental
Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 
  

 -3- 

 SECTION 3.8. This Third Supplemental Indenture and the Notes shall be governed by and construed in
accordance with the laws of the State of New York. 
 SECTION 3.9. 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. 
  

 -4- 

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

			
	MELLON FUNDING CORPORATION,
		 	Issuer
		
	By:	 	 /s/ MICHAEL A. BRYSON

	Name:	 	Michael A. Bryson
	Title:	 	President and Chief Executive Officer
	
	MELLON FINANCIAL CORPORATION,
		 	Guarantor
		
	By:	 	 /s/ MICHAEL A. BRYSON

	Name:	 	Michael A. Bryson
	Title:	 	Chief Financial Officer
	
	THE BANK OF NEW YORK MELLON CORPORATION,
		 	Successor Guarantor
		
	By:	 	 /s/ CARL KRASIK

	Name:	 	Carl Krasik
	Title:	 	Secretary
	
	UNION BANK OF CALIFORNIA, NATIONAL ASSOCIATION,
		 	not in its individual capacity but solely as Trustee
		
	By:	 	 /s/ DOUGLAS JOHN SCHLAFER

	Name:	 	Douglas John Schlafer
	Title:Third Supplemental Indenture dated as of June 29, 2007

 Exhibit 4.9 
  

 MELLON FINANCIAL CORPORATION, as ISSUER 
 and 
 THE BANK OF NEW YORK MELLON CORPORATION, as SUCCESSOR ISSUER 
 to 
 THE BANK OF NEW YORK, as TRUSTEE

 and 
 U.S. BANK NATIONAL
ASSOCIATION, as SERIES C TRUSTEE 
 and 
 MANUFACTURERS AND TRADERS TRUST COMPANY, as SERIES L TRUSTEE 
  

 THIRD SUPPLEMENTAL INDENTURE 
 Dated as of June 29, 2007 
  

  

 This Third Supplemental Indenture, dated as of
June 29, 2007, among Mellon Financial Corporation, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania having its principal executive office at One Mellon Center, 500 Grant Street, Pittsburgh,
Pennsylvania 15258 (the “Company”), The Bank of New York Mellon Corporation, a Delaware corporation (“Newco”), The Bank of New York, a New York banking corporation having its principal executive office at 101 Barclay Street, 8W,
New York, New York, 10286, not in its individual capacity but solely as trustee (the “Trustee”) U.S. Bank National Association, not in its individual capacity but solely as series trustee (the “Series C Trustee”), and
Manufacturers and Traders Trust Company, a New York banking corporation having its principal office at One M&T Plaza, 7th Floor, Buffalo, New York 14203, not in its individual capacity but solely as series trustee (the “Series L Trustee”). 
 RECITALS 
 The Company executed and delivered to the Trustee that certain junior subordinated indenture, dated as of
December 3, 1996 (the “Base Indenture”), pursuant to which one or more series of unsecured junior subordinated debentures, notes or other evidences of indebtedness of the Company, (the “Securities”) may be issued from
time to time by the Company, and to the Series C Trustee that certain Supplemental Indenture, dated as of September 19, 2006 (the “First Supplemental Indenture”), under which the Junior Subordinated Deferrable Interest Debentures,
Series C were issued, and to the Series L Trustee that certain Supplemental Indenture, dated as of June 19, 2007 (the “Second Supplemental Indenture”), under which the Remarketable 6.244% Junior Subordinated Notes, Series L were
issued. The Base Indenture, as amended by the First Supplemental Indenture and the Second Supplemental Indenture is herein called the “Indenture.” All capitalized terms used in this Third Supplemental Indenture not otherwise defined herein
shall have the meanings assigned to such terms in the Indenture. 
 Section 8.1 of the Indenture provides that the Company shall not
consolidate with, or merge into, any other Person, unless the Person formed by such consolidation or into which the Company is merged is a corporation organized and existing under the laws of the United States of America or any state thereof and
shall expressly assume by a supplemental indenture, in form satisfactory to Trustee, the due and punctual payment of the principal of and interest on all of the Securities and the performance of every covenant in the Indenture on the part of the
Company to be performed or observed. 
 Section 9.1(1) of the Indenture provides that a supplemental indenture may be entered into
by the Company, when authorized by a Board Resolution, and the Trustee without the consent of any Holders to evidence the succession of another Person to the Company and the assumption by such successor of the covenants of the Company contained in
the Indenture and in the Securities. 
 The Company and The Bank of New York Company, Inc. have entered into an Agreement and Plan of Merger
dated December 3, 2006 as amended and restated on February 23, 2007 and March 30, 2007, pursuant to which they have agreed to merge (the “Merger”) with and into Newco, a newly formed Delaware corporation which will survive
the Merger. 
  

 -1- 

 Pursuant to the Merger, Newco will, upon the consummation of the Merger, assume the due and punctual
payment of the principal of and any interest on all the Outstanding Securities (as defined below) and the performance of every covenant in the Indenture to be observed or performed by the Company. 
 The Company desires and has requested that each of the Trustee, Series C Trustee and Series L Trustee join with it in the execution and delivery of this
Third Supplemental Indenture for the purpose of amending the Indenture to provide for the assumption, upon the consummation of the Merger, of the Outstanding Securities and the obligations under the Indenture by Newco. 
 The following series of Securities (the “Outstanding Securities”) have been issued prior to the execution hereof and remain outstanding:
(i) 6.369% Junior Subordinated Deferrable Interest Debentures due 2066; and (ii) 6.244% Junior Subordinated Notes due 2043. 
 The
Company has furnished each of the Trustee, Series C Trustee and Series L Trustee with (i) an Opinion of Counsel stating that the Merger and the execution and delivery of this Third Supplemental Indenture comply with the Indenture, (ii) an
Officers’ Certificate and an Opinion of Counsel each stating that all conditions precedent provided for in the Indenture with respect to this Third Supplemental Indenture have been complied with and (iii) a copy of the resolutions of its
Board of Directors, certified by its Secretary or an Assistant Secretary, pursuant to which this Third Supplemental Indenture has been authorized. 
 All actions necessary to make this Third Supplemental Indenture a valid agreement of the Company, Newco, the Trustee, the Series C Trustee and the Series L Trustee and a valid amendment of and supplement to the Indenture have been taken.

 NOW THEREFORE THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH: 
 For and in consideration of the premises and intending to be legally bound hereby, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series
thereof, as follows: 
 ARTICLE ONE 
 ASSUMPTION OF OBLIGATIONS 
 SECTION 1.1. Assumption of Obligations under Indenture. Newco hereby fully and unconditionally
agrees to assume, and hereby does assume, effective upon the consummation of the Merger (the “Effective Time”), (a) the due and punctual payment of the principal of (and premium, if any) and interest (including any Additional
Interest) on the Outstanding Securities and the performance and observance of every covenant of the Indenture on the part of the Company to be performed or observed and (b) responsibility and liability for the actions and omissions of the
Company under the Indenture prior to the Effective Time (“Prior Acts”). Newco hereby agrees to indemnify and hold harmless the Trustee, the Series C Trustee and the Series L Trustee for any and all claims, liabilities, costs and expenses,
including reasonable attorney’s fees, incurred or suffered by the Trustee, the Series C Trustee and the Series L Trustee, as the case maybe, as the result of any Prior Acts. 
  

 -2- 

 ARTICLE TWO 
 DISCHARGE OF OBLIGATIONS 
 SECTION 2.1. Discharge of the Company from Obligations. In accordance with
Section 8.2 of the Indenture, upon the consummation of the Merger, the Company shall be discharged from all covenants and obligations under the Outstanding Securities and the Indenture. 
 ARTICLE THREE 
 MISCELLANEOUS 
 SECTION 3.1. All the provisions of this Third Supplemental Indenture shall be deemed to be incorporated in, and made a part of, the Indenture; and the
Indenture, as supplemented and amended by this Third Supplemental Indenture, shall be read, taken and construed as one and the same instrument. Upon the consummation of the Merger, in accordance with Article VIII of the Indenture, Newco shall
succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture with the same effect as if it had been named as the Company therein and thereafter the Company shall be discharged from all obligations
and covenants under the Indenture and the Securities. 
 SECTION 3.2. This Third Supplemental Indenture 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 one and the same instrument. 
 SECTION 3.3. In case any provision in this Third Supplemental Indenture 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 3.4. Nothing in this Third Supplemental Indenture, express or implied, shall give to any person,
other than the parties hereto and their successors hereunder and the Holders, any benefit, legal or equitable right, remedy or claim under this Third Supplemental Indenture. 
 SECTION 3.5. This Third Supplemental Indenture will become effective upon its execution and delivery. 
 SECTION 3.6. All covenants and agreements in the Indenture, as supplemented and amended by this Third Supplemental Indenture, by the Company shall bind
its successors and assigns, whether so expressed or not. 
 SECTION 3.7. The Indenture as supplemented by this Third Supplemental Indenture,
is in all respects ratified and confirmed, and this Third Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 
 SECTION 3.8. This Third Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.

  

 -3- 

 SECTION 3.9. 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. 
  

 -4- 

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

			
	 MELLON FINANCIAL CORPORATION,
Company

		
	 By:
	 	 /s/ MICHAEL A. BRYSON

	 Name:
	 	Michael A. Bryson
	 Title:
	 	Chief Financial Officer
	
	 THE BANK OF NEW YORK MELLON CORPORATION,
Successor Issuer

		
	 By:
	 	 /s/ CARL KRASIK

	 Name:
	 	Carl Krasik
	 Title:
	 	Secretary
	
	 THE BANK OF NEW
YORK,
not in its individual capacity but solely as Trustee

		
	 By:
	 	 /s/ MING RYAN

	 Name:
	 	Ming Ryan
	 Title:
	 	Vice President
	
	 U.S. BANK NATIONAL
ASSOCIATION,
not in its individual capacity but solely as Series C Trustee

		
	 By:
	 	 /s/ PAUL J. SCHMALZEL

	 Name:
	 	Paul J. Schmalzel
	 Title:
	 	Vice President

  

 -5- 

			
	 MANUFACTURERS AND TRADERS TRUST COMPANY,

		 	not in its individual capacity but solely as Series L Trustee
		
	 By:
	 	 /s/ ROBERT D. BROWN

	 Name:
	 	Robert D. Brown
	 Title:
	 	Vice President

  

 -6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]