Document:

exv10w11

Exhibit
10.11

THIRD AMENDMENT

TO SECOND AMENDED AND RESTATED REVOLVING LOAN AGREEMENT

     This Third Amendment to Second Amended and Restated Revolving Loan Agreement (this
“Amendment”) is entered into as of April 24, 2008, by and between ViaSat, Inc., a Delaware
corporation (“Borrower”), each lender from time to time party to the Credit Agreement (as defined
below) (collectively, the “Lenders” and individually, a “Lender”), UNION BANK OF CALIFORNIA, N.A.,
as Administrative Agent (in such capacity, “Administrative Agent”) and COMERICA BANK, as Collateral
Agent (in such capacity, “Collateral Agent;” collectively with Administrative Agent, the “Agents”).

RECITALS

     Borrower, Agents and the Lenders are parties to that certain Second Amended and Restated
Revolving Loan Agreement dated as of January 31, 2005, as amended from time to time, including by
that certain First Amendment to Second Amended and Restated Revolving Loan Agreement dated as of
December 22, 2006 and that certain Second Amendment to Second Amended and Restated Revolving Loan
Agreement dated as of January 25, 2008 (collectively, the “Credit Agreement”). The parties desire
to amend the Credit Agreement in accordance with the terms of this Amendment. Unless otherwise
defined, all initially capitalized terms in this Amendment shall be as defined in the Credit
Agreement.

     NOW, THEREFORE, the parties agree as follows:

     1. The following defined term in Section 1.1 of the Credit Agreement hereby is amended to read
as follows:

        “Revolving Loan Maturity Date” means July 31, 2008.

     2. No course of dealing on the part of Lenders, Agents or their officers, nor any failure or
delay in the exercise of any right by any Agent or any Lender, shall operate as a waiver thereof,
and any single or partial exercise of any such right shall not preclude any later exercise of any
such right. Agents’ or Lenders’ failure at any time to require strict performance by Borrower of
any provision of any Loan Document shall not affect any right of Lenders or Agents thereafter to
demand strict compliance and performance. Any suspension or waiver of a right must be in writing
signed by an officer of Administrative Agent, in accordance with the terms of the Credit Agreement.

     3. The Credit Agreement, as amended hereby, shall be and remain in full force and effect in
accordance with its respective terms and hereby is ratified and confirmed in all respects. Except
as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not
operate as a waiver of, or as an amendment of, any right, power, or remedy of Agents or Lenders
under the Credit Agreement, as in effect prior to the date hereof.

     4. All Representations and Warranties contained in the Credit Agreement or in any other
document or documents relating thereto shall survive the execution and delivery of this Amendment.
The Borrower is not aware of any events which now constitute, or with the passage of time or the
giving of notice, or both, would constitute, an Event of Default under the Credit Agreement.

     5. As a condition to the effectiveness of this Amendment, Administrative Agent shall have
received, in form and substance satisfactory to Administrative Agent, the following:

          (a) this Amendment, duly executed by Borrower, Collateral Agent and each Lender;

          (b) Affirmation of Subsidiary Guaranty and Security Agreement, duly executed by Guarantor;

 

 

          (c) all reasonable attorneys’ fees and costs incurred through the date of this Amendment,
which may be debited from any of Borrower’s accounts; and

          (d) such other documents, and completion of such other matters, as Agent may reasonably deem
necessary or appropriate.

     6. This Amendment may be executed in two or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one instrument.

[Balance of Page Intentionally Left Blank]

 

 

     IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above
written.

VIASAT, INC,

/s/ Ronald G. Wangerin                              

By: Ronald G. Wangerin

Title: Chief Financial Officer

UNION BANK OF CALIFORNIA, N.A., as

Administrative Agent

By: /s/ Bruce Breslau                                

Name: Bruce Breslau

Title: Senior Vice President

COMERICA BANK, as Collateral Agent

By:  /s/ Tomas Schmidt                                

Name: Tomas Schmidt

Title: Vice President 

[Signature Page to Third Amendment

to Second Amended and Restated Revolving Loan Agreement]

[Signatures Continued Next Page]

 

 

UNION BANK OF CALIFORNIA, N.A.., as a Lender

By: /s/ Bruce Breslau                                    

Name: Bruce Breslau

Title: Senior Vice President

COMERICA BANK, as a Lender

By: /s/ Tomas Schmidt                                    

Name: Tomas Schmidt

Title: Vice President 

WACHOVIA BANK, N.A.

By: /s/ Robert G. McGill Jr.                              

Name: Robert G. McGill Jr

Title: Director

[Signature Page to Third Amendment

to Second Amended and Restated Revolving Loan Agreement]Exhibit
4.1

       

       

      INDENTURE

       

      PARTNERRE
FINANCE A LLC, Issuer

       

      And

       

      PARTNERRE
LTD., Guarantor

       

      To

       

      THE
BANK OF NEW YORK, Trustee

       

      
        INDENTURE

         

         

        
          
            
Dated
as of May 27, 2008

        

      

       

      Debt
Securities

       

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      Reconciliation
and tie between

      Trust
Indenture Act of 1939 (the “Trust Indenture Act”)

      and
Indenture

       

      
        	
                
                  Trust
      Indenture

                  Act
      Section

                

              	 	
                
                  Indenture

                  Section

                

              
	
                (S)(S)310(a)(1)

              	 	
                 
      6.07

              
	
                (a)(2)

              	 	
                 
      6.07

              
	
                (b)

              	 	
                 
      6.08

              
	
                (S)(S)312(a)

              	 	
                 
      7.01

              
	
                (b)

              	 	
                 
      7.02

              
	
                (c)

              	 	
                 
      7.02

              
	
                (S)(S)313(a)

              	 	
                 
      7.03

              
	
                (b)(2)

              	 	
                 
      7.03

              
	
                (c)

              	 	
                 
      7.03

              
	
                (d)

              	 	
                 
      7.03

              
	
                (S)(S)314(a)

              	 	
                 
      7.04

              
	
                (c)(1)

              	 	
                 
      1.02

              
	
                (c)(2)

              	 	
                 
      1.02

              
	
                (e)

              	 	
                 
      1.02

              
	
                (f)

              	 	
                 
      1.02

              
	
                (S)(S)316(a)
      (last sentence)

              	 	
                 
      1.01

              
	
                (a)(1)(A)

              	 	
                5.02,
      5.12

              
	
                (a)(1)(B)

              	 	
                 
      5.13

              
	
                (b)

              	 	
                 
      5.08

              
	
                (S)(S)317(a)(1)

              	 	
                 
      5.03

              
	
                (a)(2)

              	 	
                 
      5.04

              
	
                (b)

              	 	
                10.03

              
	
                (S)(S)318(a)

              	 	
                 
      1.08

              

      

      
        

      

      
        ___________

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

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      

       

      TABLE
OF CONTENTS

      
         

        
          

        

      

      
        

      

      Page

      
        	
                ARTICLE 1

              
	
                Definitions and Other
      Provisions of General
      Application

              
	 	 	 
	
                Section 1.01.

              	
                Definitions

              	
                2

              
	
                Section 1.02.

              	
                Compliance Certificates and
      Opinions

              	
                13

              
	
                Section 1.03.

              	
                Form of Documents Delivered to
      Trustee

              	
                14

              
	
                Section 1.04.

              	
                Acts of
    Holders

              	
                14

              
	
                Section 1.05.

              	
                Notices, etc

              	
                17

              
	
                Section 1.06.

              	
                Notice to Holders of Securities;
      Waiver

              	
                17

              
	
                Section 1.07.

              	
                Language of
      Notices

              	
                18

              
	
                Section 1.08.

              	
                Conflict with Trust Indenture
      Act

              	
                18

              
	
                Section 1.09.

              	
                Effect of Headings and Table of
      Contents

              	
                18

              
	
                Section 1.10.

              	
                Successors and
      Assigns

              	
                18

              
	
                Section 1.11.

              	
                Separability
      Clause

              	
                19

              
	
                Section 1.12.

              	
                Benefits of Indenture

              	
                19

              
	
                Section 1.13.

              	
                Governing
    Law

              	
                19

              
	
                Section 1.14.

              	
                Non-Business
      Days

              	
                19

              
	
                Section 1.15.

              	
                Counterparts

              	
                19

              
	
                Section 1.16.

              	
                Judgment
      Currency

              	
                19

              
	
                Section 1.17.

              	
                 No Security Interest
      Created

              	
                20

              
	
                Section 1.18.

              	
                Limitation on Individual
      Liability

              	
                20

              
	
                Section 1.19.

              	
                Submission to
      Jurisdiction

              	
                21

              
	
                Section 1.20.

              	
                Waiver Of Jury
      Trial

              	
                22

              
	
                Section 1.21.

              	
                Force
    Majeure

              	
                22

              
	 
	
                ARTICLE 2

              
	
                Securities Forms

              
	 	 	 
	
                Section 2.01.

              	
                Forms
    Generally

              	
                22

              
	
                Section 2.02.

              	
                Form of Trustee’s Certificate of
      Authentication

              	
                22

              
	
                Section 2.03.

              	
                Securities in Global
      Form

              	
                23

              
	 
	
                ARTICLE 3

              
	
                The
    Securities

              
	 	 	 
	
                Section 3.01.

              	
                Amount Unlimited; Issuable in
      Series

              	
                24

              
	
                Section 3.02.

              	
                Currency;
      Denominations

              	
                28

              
	
                Section 3.03.

              	
                Execution, Authentication,
      Delivery and Dating

              	
                28

              
	
                Section 3.04.

              	
                Temporary
      Securities

              	
                30

              
	
                Section 3.05.

              	
                Registration, Transfer and
      Exchange

              	
                31

              
	
                Section 3.06.

              	
                Mutilated, Destroyed, Lost and
      Stolen Securities

              	
                35

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	
                Section 3.07.

              	
                Payment of Interest and Certain
      Additional Amounts; Rights to Interest and Certain Additional Amounts
      Preserved

              	
                36

              
	
                Section 3.08.

              	
                Persons Deemed
      Owners

              	
                38

              
	
                Section 3.09.

              	
                Cancellation

              	
                39

              
	
                Section 3.10.

              	
                Computation of
      Interest

              	
                39

              
	
                Section 3.11.

              	
                CUSIP
    Numbers

              	
                39

              
	 
	
                ARTICLE 4

              
	
                Satisfaction and Discharge of
      Indenture

              
	 	 	 
	
                Section 4.01.

              	
                Satisfaction and
      Discharge

              	
                40

              
	
                Section 4.02.

              	
                Defeasance and Covenant
      Defeasance

              	
                41

              
	
                Section 4.03.

              	
                Application of Trust
      Money

              	
                47

              
	
                Section 4.04.

              	
                Reinstatement

              	
                47

              
	 
	
                ARTICLE 5

              
	
                Remedies

              
	 	 	 
	
                Section 5.01.

              	
                Events of
      Default

              	
                47

              
	
                Section 5.02.

              	
                Acceleration of Maturity;
      Rescission and Annulment

              	
                50

              
	
                Section 5.03.

              	
                Collection of Indebtedness and Suits for
      Enforcement by Trustee

              	
                51

              
	
                Section 5.04.

              	
                Trustee May File Proofs of
      Claim

              	
                52

              
	
                Section 5.05.

              	
                Trustee May Enforce Claims without
      Possession of Securities or Coupons

              	
                53

              
	
                Section 5.06.

              	
                Application of Money
      Collected

              	
                53

              
	
                Section 5.07.

              	
                Limitations on
      Suits

              	
                54

              
	
                Section 5.08.

              	
                Unconditional Right of Holders to
      Receive Principal and any Premium, Interest and Additional
      Amounts

              	
                54

              
	
                Section 5.09.

              	
                Restoration of Rights and
      Remedies

              	
                55

              
	
                Section 5.10.

              	
                Rights and Remedies
      Cumulative

              	
                55

              
	
                Section 5.11.

              	
                Delay or Omission Not
      Waiver

              	
                55

              
	
                Section 5.12.

              	
                Control by Holders of
      Securities

              	
                55

              
	
                Section 5.13.

              	
                Waiver of Past Defaults

              	
                56

              
	
                Section 5.14.

              	
                Waiver of Usury, Stay or Extension
      Laws

              	
                56

              
	
                Section 5.15.

              	
                Undertaking for
      Costs

              	
                56

              
	 
	
                ARTICLE 6

              
	
                The
  Trustee

              
	 	 	 
	
                Section 6.01.

              	
                Certain Rights of
      Trustee

              	
                57

              
	
                Section 6.02.

              	
                Notice of
      Defaults

              	
                59

              
	
                Section 6.03.

              	
                Not Responsible for Recitals or
      Issuance of Securities

              	
                60

              
	
                Section 6.04.

              	
                May Hold
      Securities

              	
                60

              
	
                Section 6.05.

              	
                Money Held in
      Trust

              	
                60

              

      

       

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

       

       

      
        	
                Section 6.06.

              	
                Compensation, Reimbursement and
      Indemnification

              	
                60

              
	
                Section 6.07.

              	
                Corporate Trustee Required;
      Eligibility

              	
                61

              
	
                Section 6.08.

              	
                Resignation and Removal;
      Appointment of Successor

              	
                61

              
	
                Section 6.09.

              	
                Acceptance of Appointment by
      Successor

              	
                63

              
	
                Section 6.10.

              	
                Merger, Conversion, Consolidation
      or Succession to Business

              	
                65

              
	
                Section 6.11.

              	
                 Appointment of
      Authenticating Agent

              	
                65

              
	 
	
                ARTICLE 7

              
	
                Holders Lists and Reports by
      Trustee and Company

              
	 	 	 
	
                Section 7.01.

              	
                Company to Furnish Trustee Names and Addresses
      of Holders

              	
                67

              
	
                Section 7.02.

              	
                Preservation of Information;
      Communications to Holders

              	
                68

              
	
                Section 7.03.

              	
                Reports by
      Trustee

              	
                68

              
	
                Section 7.04.

              	
                Reports by
      Company

              	
                68

              
	 
	
                ARTICLE 8

              
	
                Consolidation, Amalgamations,
      Merger and Sales

              
	 	 	 
	
                Section 8.01.

              	
                Company May Consolidate, Etc.,
      Only on Certain Terms

              	
                69

              
	
                Section 8.02.

              	
                Successor Person Substituted for
      Company

              	
                70

              
	
                Section 8.03.

              	
                Guarantor May Consolidate, Etc.,
      Only on Certain Terms

              	
                70

              
	
                Section 8.04.

              	
                Successor Person Substituted for
      Guarantor

              	
                71

              
	 
	
                ARTICLE 9

              
	
                Supplemental
      Indentures

              
	 	 	 
	
                Section 9.01.

              	
                Supplemental Indentures Without
      Consent of Holders

              	
                72

              
	
                Section 9.02.

              	
                 Supplemental Indentures with Consent
      of Holders

              	
                73

              
	
                Section 9.03.

              	
                Execution of Supplemental
      Indentures

              	
                74

              
	
                Section 9.04.

              	
                Effect of Supplemental
      Indentures

              	
                75

              
	
                Section 9.05.

              	
                Reference in Securities to
      Supplemental Indentures

              	
                75

              
	
                Section 9.06.

              	
                Conformity with Trust Indenture
      Act

              	
                75

              
	
                Section 9.07.

              	
                Notice of Supplemental
      Indenture

              	
                75

              
	 
	
                ARTICLE
10

              
	
                Covenants

              
	 	 	 
	
                Section 10.01.

              	
                Payment of Principal, any Premium,
      Interest and Additional Amounts

              	
                75

              
	
                Section 10.02.

              	
                Maintenance of Office or
      Agency

              	
                76

              
	
                Section 10.03.

              	
                Money for Securities Payments To
      Be Held in Trust

              	
                77

              
	
                Section 10.04.

              	
                Additional
      Amounts

              	
                79

              
	
                Section 10.05.

              	
                Organizational
      Existence

              	
                81

              
	
                Section 10.06.

              	
                Waiver of Certain
      Covenants

              	
                81

              

      

       

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

       

       

      
        	
                Section 10.07.

              	
                Company and Guarantor’s Statement as to Compliance; Notice of
      Certain Defaults

              	
                82

              
	
                Section 10.08.

              	
                Calculation of Original Issue
      Discount

              	
                82

              
	 
	
                ARTICLE
11

              
	
                Redemption of
    Securities

              
	 	 	 
	
                Section 11.01.

              	
                Applicability of
      Article

              	
                83

              
	
                Section 11.02.

              	
                Election to Redeem; Notice to
      Trustee

              	
                83

              
	
                Section 11.03.

              	
                Selection by Trustee of Securities
      To Be Redeemed

              	
                83

              
	
                Section 11.04.

              	
                Notice of
      Redemption

              	
                84

              
	
                Section 11.05.

              	
                Deposit of Redemption
      Price

              	
                85

              
	
                Section 11.06.

              	
                Securities Payable on Redemption
      Date

              	
                86

              
	
                Section 11.07.

              	
                 Securities Redeemed in
      Part

              	
                87

              
	 
	
                ARTICLE
12

              
	
                Sinking
    Funds

              
	 	 	 
	
                Section 12.01.

              	
                Applicability of
      Article

              	
                87

              
	
                Section 12.02.

              	
                Satisfaction of Sinking Fund
      Payments with Securities

              	
                88

              
	
                Section 12.03.

              	
                Redemption of Securities for
      Sinking Fund

              	
                88

              
	 
	
                ARTICLE
13

              
	
                Repayment at the Option of
      Holders

              
	 	 	 
	
                Section 13.01.

              	
                Applicability of
      Article

              	
                89

              
	 
	
                ARTICLE
14

              
	
                Securities in Foreign
      Currencies

              
	 	 	 
	
                Section 14.01.

              	
                Applicability of
      Article

              	
                89

              
	 
	
                ARTICLE
15

              
	
                Meetings of Holders of
      Securities

              
	 	 	 
	
                Section 15.01.

              	
                Purposes for Which Meetings May Be
      Called

              	
                90

              
	
                Section 15.02.

              	
                Call, Notice and Place of
      Meetings

              	
                90

              
	
                Section 15.03.

              	
                Persons Entitled to Vote at
      Meetings

              	
                90

              
	
                Section 15.04.

              	
                Quorum;
    Action

              	
                91

              
	
                Section 15.05.

              	
                Determination of Voting Rights;
      Conduct and Adjournment of Meetings

              	
                91

              
	
                Section 15.06.

              	
                Counting Votes and Recording
      Action of Meetings

              	
                92

              

      

       

       

      
        
          
          

        

        
          iv

          
            

          

        

        
          
          

        

      

       

       

      
        	
                ARTICLE
16

              
	
                Guarantee

              
	 	 	 
	
                Section 16.01.

              	
                The Guarantee

              	
                93

              
	
                Section 16.02.

              	
                Ranking

              	
                93

              

      

      

      

      
        
          
          

        

        
          v

          
            

          

        

        
          
          

        

      

       

      

      INDENTURE,
dated as of May 27, 2008 (the “Indenture”), among PARTNERRE
FINANCE A LLC, a limited liability company duly organized and existing under the
laws of the State of Delaware (hereinafter called the “Company”), having its
principal executive office located at One Greenwich Plaza, Greenwich,
Connecticut 06830-6352, PARTNERRE LTD., a company duly organized and existing
under the laws of Bermuda (hereinafter called the “Guarantor”), having its
principal executive office located at 90 Pitts Bay Road, Pembroke HM 08,
Bermuda, and The Bank of New York, a New York banking corporation (hereinafter
called the “Trustee”),
having its Corporate Trust Office located at 101 Barclay Street, Floor 8W, New
York, New York 10286.

       

      RECITALS

       

      The
Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its unsecured and unsubordinated
debentures, notes or other evidences of indebtedness (hereinafter called the
“Securities”), unlimited
as to principal amount, to bear such rates of interest, to mature at such time
or times, to be issued in one or more series and to have such other provisions
as shall be fixed as hereinafter provided.

       

      The
Company has duly authorized the execution and delivery of this Indenture. All
things necessary to make this Indenture a valid agreement of the Company, in
accordance with its terms, have been done.

       

      For value
received, the Guarantor has duly authorized the execution and delivery of this
Indenture to provide for the issuance of the Guarantee and the indemnity
provided for herein. All things necessary to make this Indenture a valid
agreement of the Guarantor, in accordance with its terms, have been
done.

       

      This
Indenture is subject to the provisions of the Trust Indenture Act of 1939, as
amended, and the rules and regulations of the Securities and Exchange Commission
promulgated thereunder that are required to be part of this Indenture and, to
the extent applicable, shall be governed by such provisions.

       

      NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

       

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

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      ARTICLE
1

      Definitions
and Other Provisions of General Application

       

      Section
1.01.  Definitions.  Except
as otherwise expressly provided in or pursuant to this Indenture, or unless the
context otherwise requires, for all purposes of this Indenture:

       

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

       

      (b) 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;

       

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

       

      (d) the words
“herein,” “hereof,” “hereto” 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; and

       

      (e) the word
“or” is always used
inclusively (for example, the phrase “A or B” means “A or B or both,” not “either A or B but not
both”).

       

      Certain
terms used principally in certain Articles hereof are defined in those
Articles.

       

      “Act,” when used with respect
to any Holders, has the meaning specified in Section 1.04.

       

      “Additional Amounts” means any
additional amounts which are required hereby or by any Security, under
circumstances specified herein or therein, to be paid by the Company or the
Guarantor in respect of certain taxes, assessments or other governmental charges
imposed on Holders specified therein and which are owing to such
Holders.

       

      “Affiliate” of any specified
Person means any other Person directly or indirectly controlling or controlled
by or under direct or indirect common control with such specified Person. For
the purposes of this definition, “control,” 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 

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      the
ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have the meanings
correlative to the foregoing.

       

      “Authenticating Agent” means
any Person authorized by the Trustee pursuant to Section 6.11 to act on behalf
of the Trustee to authenticate Securities of one or more series.

       

      “Authorized Newspaper” means a
newspaper, in an official language of the place of publication or in the English
language, customarily published on each day that is a Business Day in the place
of publication, whether or not published on days that are not Business Days in
the place of publication, and of general circulation in each place in connection
with which the term is used or in the financial community of each such place.
Where successive publications are required to be made in Authorized Newspapers,
the successive publications may be made in the same or in different newspapers
in the same city meeting the foregoing requirements and in each case on any day
that is a Business Day in the place of publication.

       

      “Authorized Officer” means,
when used with respect to the Company, the Chairman, a Vice Chairman, the
President, a Vice President, the Chief Financial Officer, the Treasurer, an
Assistant Treasurer, the Chief Investment Officer, the Chief Accounting Officer,
the Chief Legal Counsel, the Secretary or an Assistant Secretary, of the
Company.

       

      “Bearer Security” means any
Security in the form established pursuant to Section 2.01 which is payable to
bearer.

       

      “Board of Directors” means (i)
the board of directors of the Company or, if none, of the sole member of the
Company or any committee of that board or (ii) any authorized officers of the
Company, in each case that are duly authorized to act generally or in any
particular respect for the Company hereunder.

       

      “Board Resolution” means a copy
of one or more resolutions, certified by the Secretary or an Assistant Secretary
of the Company (or its sole member) or the Guarantor, as applicable, to have
been duly adopted by the Board of Directors or the Guarantor’s Board of
Directors, as the case may be, and to be in full force and effect on the date of
such certification, delivered to the Trustee.

       

      “Business Day,” with respect to
any Place of Payment or other location, means, unless otherwise specified with
respect to any Securities pursuant to Section 3.01, any day other than a
Saturday, Sunday or other day on which banking institutions in such Place of
Payment or other location are authorized or obligated by law, regulation or
executive order to close.

       

       

      
        
          
          

        

        
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      “Capital Stock” of any Person
means any and all shares, interests, rights to purchase, warrants, options,
participations or other equivalents of or interests in (however designated)
equity of such Person, including Preferred Stock, but excluding any debt
securities convertible into such equity.

       

      “Capitalized Lease Obligation”
means an obligation under a lease that is required to be capitalized for
financial reporting purposes in accordance with generally accepted accounting
principles, and the amount of Indebtedness represented by such obligation shall
be the capitalized amount of such obligation determined in accordance with such
principles.

       

      “Code” means the Internal
Revenue Code of 1986, as amended.

       

      “Commission” means the
Securities and Exchange Commission, as from time to time constituted, created
under the Securities Exchange Act of 1934, as amended, or, if at any time after
the execution of this Indenture such Commission is not existing and performing
the duties now assigned to it under the Trust Indenture Act, then the body
performing such duties at such time.

       

      “Common Stock” in respect of
any Corporation means Capital Stock of any class or classes (however designated)
which has no preference as to the payment of dividends, or as to the
distribution of assets upon any voluntary or involuntary liquidation or
dissolution of such Corporation, and which is not subject to redemption by such
Corporation.

       

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

       

      “Company Request” and “Company Order” mean,
respectively, a written request or order, as the case may be, signed in the name
of the Company by an Authorized Officer, and delivered to the
Trustee.

       

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

       

      “Corporate Trust Office” means
the principal corporate trust office of the Trustee at which at any particular
time its corporate trust business shall be administered, which office at the
date of original execution of this Indenture is located at The Bank of New York,
101 Barclay Street, Floor 8W, New York, New York 10286, Attention: Corporate
Trust Administration or at any other time at 

       

       

      
        
          
          

        

        
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      such other
address as the Trustee may designate from time to time by notice to the parties
hereto or at the principal corporate trust office of any successor trustee as to
which such successor trustee may notify the parties hereto in
writing.

       

      “Corporation” includes
corporations, limited liability companies, incorporated associations, companies
and business trusts.

       

      “Coupon” means any interest
coupon appertaining to a Bearer Security.

       

      “Currency,” with respect to any
payment, deposit or other transfer in respect of the principal of or any premium
or interest on or any Additional Amounts with respect to any Security, means
Dollars or the Foreign Currency, as the case may be, in which such payment,
deposit or other transfer is required to be made by or pursuant to the terms
hereof or such Security and, with respect to any other payment, deposit or
transfer pursuant to or contemplated by the terms hereof or such Security, means
Dollars.

       

      “CUSIP number” means the
alphanumeric designation assigned to a Security by Standard & Poor’s Ratings
Service, CUSIP Service Bureau.

       

      “Debt Securities Guarantee
Agreement” means the Debt Securities Guarantee Agreement attached hereto
as Exhibit A.

       

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

       

      “Dollars” or “$” means a dollar or other
equivalent unit of legal tender for payment of public or private debts in the
United States of America.

       

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

       

      “Foreign Currency” means any
currency, currency unit or composite currency, including, without limitation,
the euro, issued by the government of one or more countries other than the
United States of America or by any recognized confederation or association of
such governments.

       

      “Government Obligations” means
securities which are (i) direct obligations of the United States of America or
the other government or governments or confederation or association of
governments which issued the Foreign Currency in which the principal of or any
premium or interest on such Security or any Additional Amounts in respect
thereof shall be payable, in each case where the payment or payments thereunder
are supported by the full faith and credit of such government or governments or
confederation or association of governments or (ii) obligations of a Person
controlled or supervised by and acting as an agency or instrumentality of the
United States of America or such other government or governments or
confederation or association of governments, in each case where the timely
payment or payments thereunder are unconditionally 

       

       

      
        
          
          

        

        
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      guaranteed
as a full faith and credit obligation by the United States of America or such
other government or governments or confederation or association of governments,
and which, in the case of (i) or (ii), are not callable or redeemable at the
option of the issuer or issuers thereof, and shall also include a depository
receipt issued by a bank or trust company as custodian with respect to any such
Government Obligation or a specific payment of interest on or principal of or
other amount with respect to any such 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 Government Obligation or the specific payment
of interest on or principal of or other amount with respect to the Government
Obligation evidenced by such depository receipt.

       

      “Guarantee” means the
unconditional guarantee of the payment of the principal of, any premium or
interest on, and any Additional Amounts with respect to the Securities by the
Guarantor, as set forth in the Debt Securities Guarantee Agreement.

       

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

       

      “Guarantor’s Board of
Directors” means the board of directors of the Guarantor or any committee
of that board duly authorized to act generally or in any particular respect for
the Guarantor hereunder.

       

      “Guarantor’s Officer’s
Certificate” means a certificate signed by the Chairman of the
Guarantor’s Board of Directors, a Vice Chairman, the Chief Executive Officer,
the Chief Financial Officer, the Chief Accounting Officer, the Chief Legal
Counsel, the Secretary or the Assistant Secretary of the Guarantor, that
complies with the requirements of Section 314(e) of the Trust Indenture Act and
is delivered to the Trustee.

       

      “Guarantor Request” means a
written request signed in the name of the Guarantor by the Chairman of the
Guarantor’s Board of Directors, a Vice Chairman, the Chief Executive Officer,
the Chief Financial Officer, the Chief Accounting Officer, the Chief Legal
Counsel, the Secretary or the Assistant Secretary of the Guarantor, and
delivered to the Trustee.

       

      “Holder,” in the case of any
Registered Security, means the Person in whose name such Security is registered
in the Security Register and, in the case of any Bearer Security, means the
bearer thereof and, in the case of any Coupon, means the bearer
thereof.

       

       

      
        
          
          

        

        
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      “Indebtedness” means, with
respect to any Person, (i) the principal of and any premium and interest on (a)
indebtedness of such Person for money borrowed and (b) indebtedness evidenced by
notes, debentures, bonds or other similar instruments for the payment of which
such Person is responsible or liable; (ii) all Capitalized Lease Obligations of
such Person; (iii) all obligations of such Person issued or assumed as the
deferred purchase price of property, all conditional sale obligations and all
obligations under any title retention agreement (but excluding trade accounts
payable arising in the ordinary course of business); (iv) all obligations of
such Person for the reimbursement of any obligor on any letter of credit,
banker’s acceptance or similar credit transaction (other than obligations with
respect to letters of credit securing obligations (other than obligations
described in (i) through (iii) above) entered into in the ordinary course of
business of such Person to the extent such letters of credit are not drawn upon
or, if and to the extent drawn upon, such drawing is reimbursed no later than
the third Business Day following receipt by such Person of a demand for
reimbursement following payment on the letter of credit); (v) all obligations of
the type referred to in clauses (i) through (iv) of other Persons and all
dividends of other Persons for the payment of which, in either case, such Person
is responsible or liable as obligor, guarantor or otherwise, the amount thereof
being deemed to be the lesser of the stated recourse, if limited, and the amount
of the obligation or dividends of the other Person, (vi) all obligations of the
type referred to in clauses (i) through (v) of other Persons secured by any lien
on any property or asset of such Person (whether or not such obligation is
assumed by such Person), the amount of such obligation being deemed to be the
lesser of the value of such property or assets or the amount of the obligation
so secured; and (vii) any amendments, modifications, refundings, renewals or
extensions of any indebtedness or obligation described as Indebtedness in
clauses (i) through (vi) above.

       

      “Indenture” means this
instrument 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, with respect to any Security, by the terms and provisions
of such Security and any Coupon appertaining thereto established pursuant to
Section 3.01 (as such terms and provisions may be amended pursuant to the
applicable provisions hereof).

       

      “Independent Public
Accountants” means accountants or a firm of accountants that, with
respect to the Company, the Guarantor and any other obligor under the Securities
or the Coupons, are independent public accountants within the meaning of the
Securities Act of 1933, as amended, and the rules and regulations promulgated by
the Commission thereunder, who may be the independent public accountants
regularly retained by the Company or the Guarantor or who may be other
independent public accountants. Such accountants or firm shall be entitled to
rely upon any Opinion of Counsel as to the interpretation of any legal matters
relating to this Indenture or certificates required to be provided
hereunder.

       

       

      
        
          
          

        

        
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      “Indexed Security” means a
Security the terms of which provide that the principal amount thereof payable at
Stated Maturity or upon acceleration pursuant to Section 5.02 may be more or
less than the principal face amount thereof at original issuance.

       

      “interest,” on the Security of
any series (i) with respect to any Original Issue Discount Security which by its
terms bears interest only after Maturity, means interest payable after Maturity
and (ii) when used with respect to a Security which provides for the payment of
Additional Amounts pursuant to Section 10.04, includes such Additional
Amounts.

       

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

       

      “Judgment Currency” has the
meaning specified in Section 1.17.

       

      “Local Business Day” has the
meaning specified in Section 4.02(e).

       

      “Maturity,” with respect to any
Security, means the date on which the principal of such Security or an
installment of principal becomes due and payable as provided in or pursuant to
this Indenture or the related Series Authorization, whether at the Stated
Maturity or by declaration of acceleration, notice of redemption or repurchase,
notice of option to elect repayment or otherwise, and includes any Redemption
Date and the date of any required repurchase or repayment.

       

      “New York Banking Day” has the
meaning specified in Section 1.17.

       

      “Office” or “Agency,” with respect to any
Securities, means an office or agency of the Company maintained or designated as
a Place of Payment for such Securities pursuant to Section 10.02 or any other
office or agency of the Company maintained or designated for such Securities
pursuant to Section 10.02 or, to the extent designated or required by Section
10.02 in lieu of such office or agency, the Corporate Trust Office of the
Trustee.

       

      “Officers’ Certificate” means a
certificate signed by two Authorized Officers, at least one of which is a
principal executive, principal financial or principal accounting officer, that
complies with the requirements of Section 314(e) of the Trust Indenture Act and
is delivered to the Trustee.

       

      “Opinion of Counsel” means a
written opinion of counsel, who may be an employee of or counsel for the Company
or other counsel, that, if required by the Trust Indenture Act, complies with
the requirements of Section 314(e) of the Trust Indenture Act.

       

       

      
        
          
          

        

        
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      “Original Issue Discount
Security” means a Security issued pursuant to this Indenture or the
related Series Authorization which provides for declaration of an amount less
than the principal face amount thereof to be due and payable upon acceleration
pursuant to Section 5.02.

       

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

       

      (a)           any
such Security theretofore cancelled by the Trustee or the Security Registrar or
delivered to the Trustee or the Security Registrar for
cancellation;

       

      (b)           any
such Security for whose payment at the Maturity thereof money in the necessary
amount has been theretofore deposited pursuant hereto (other than pursuant to
Section 4.02) with the Trustee or any Paying Agent (other than the Company or
the Guarantor) in trust or set aside and segregated in trust by the Company (if
the Company shall act as its own, or authorize the Guarantor to act as, Paying
Agent) for the Holders of such Securities and any Coupons appertaining thereto,
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;

       

      (c)           any
such Security with respect to which the Company or the Guarantor has effected
defeasance pursuant to the terms hereof, except to the extent provided in
Section 4.02;

       

      (d)           any
such Security which has been paid pursuant to Section 3.06 or in exchange for or
in lieu of which other Securities have been authenticated and delivered pursuant
to this Indenture, unless there shall have been presented to the Trustee proof
satisfactory to it that such Security is held by a protected purchaser in whose
hands such Security is a valid obligation of the Company; and

       

      (e)           any
such Security converted or exchanged as contemplated by this Indenture into
Common Stock of the Company or other securities of the Guarantor of another
issuer, if the terms of such Security provide for such conversion or exchange
pursuant to Section 3.01;

       

      provided, however, that 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 or are present at a meeting of Holders of Securities for quorum
purposes, (i) the principal amount of any Indexed Security that may be counted
in making such determination and that shall be deemed Outstanding for such
purposes shall be equal to the principal amount of such Indexed Security at
original issuance, unless otherwise provided 

       

       

      
        
          
          

        

        
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      in or
pursuant to this Indenture or the related Series Authorization, and (ii) the
principal amount of a Security denominated in a Foreign Currency shall be the
Dollar equivalent, determined on the date of original issuance of such Security,
of the principal amount (or, in the case of an Original Issue Discount Security,
the Dollar equivalent on the date of original issuance of such Security of the
then current principal amount) of such Security, unless otherwise provided in or
pursuant to this Indenture or the related Series Authorization, and (iii)
Securities owned by the Company, the Guarantor or any other obligor upon the
Securities or any Affiliate of the Company, the Guarantor or such other obligor,
shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Trustee shall be protected in making any such
determination or 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 shall have been pledged in good faith may be regarded
as Outstanding if the pledgee establishes to the satisfaction of the Trustee (A)
the pledgee’s right so to act with respect to such Securities and (B) that the
pledgee is not the Company, the Guarantor or any other obligor upon the
Securities or any Coupons appertaining thereto or an Affiliate of the Company,
the Guarantor or such other obligor.

       

      “Paying Agent” means any Person
authorized by the Company to pay the principal of, or any premium or interest
on, or any Additional Amounts with respect to, any Security or any Coupon on
behalf of the Company.

       

      “Person” means any individual,
Corporation, partnership, joint venture, joint-stock company, limited liability
company, trust, unincorporated organization or government or any agency or
political subdivision thereof.

       

      “Place of Payment,” with
respect to any Security, means the place or places where the principal of, or
any premium or interest on, or any Additional Amounts with respect to such
Security are payable as provided in or pursuant to this Indenture or the related
Series Authorization.

       

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

       

      “Preferred Stock” in respect of
any Corporation means Capital Stock of any class or classes (however designated)
which is preferred as to the payment of dividends, or as to the distribution of
assets upon any voluntary or involuntary 

       

       

      
        
          
          

        

        
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      liquidation
or dissolution of such Corporation, over shares of Capital Stock of any other
class of such Corporation.

       

      “principal” means, as of any
date of determination with respect to the Securities of any series, (i) in the
case of an Original Issue Discount Security or an Indexed Security, the amount
due and payable with respect to principal upon an acceleration thereof pursuant
to Section 5.02 at such time and (ii) in all other cases, par or the stated face
amount of the related Security.

       

      “Redemption Date,” with respect
to any Security or portion thereof to be redeemed, means the date fixed for such
redemption by or pursuant to this Indenture or the related Series
Authorization.

       

      “Redemption Price,” with
respect to any Security or portion thereof to be redeemed, means the price at
which it is to be redeemed as determined by or pursuant to this Indenture or the
related Series Authorization, exclusive of accrued interest and any Additional
Amounts with respect to accrued interest.

       

      “Registered Security” means any
Security established pursuant to Section 2.01 which is registered in a Security
Register.

       

      “Regular Record Date” for the
interest payable on any Registered Security on any Interest Payment Date
therefor means the date, if any, specified in or pursuant to this Indenture or
the related Series Authorization as the “Regular Record Date”.

       

      “Required Currency” has the
meaning specified in Section 1.17.

       

      “Responsible Officer” shall
mean, when used with respect to the Trustee, any officer within the corporate
trust department of the Trustee, including any vice president, assistant vice
president, assistant secretary, assistant treasurer, trust officer or any other
officer of the Trustee who customarily performs functions similar to those
performed by the Persons who at the time shall be such officers, respectively,
or to whom any corporate trust matter is referred because of such person’s
knowledge of and familiarity with the particular subject and who shall have
direct responsibility for the administration of this Indenture.

       

      “Security” or “Securities” means any note or
notes, bond or bonds, debenture or debentures, or any other evidences of
Indebtedness, as the case may be, authenticated and delivered under this
Indenture; provided,
however, that, if at
any time there is more than one Person acting as Trustee under this Indenture,
“Securities,” with respect to any such Person, shall mean Securities
authenticated and delivered under this Indenture, exclusive, however, of
Securities of any series as to which such Person is not Trustee.

       

       

      
        
          
          

        

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

       

      “Series Authorization” means,
with respect to any series or class of Securities, (i) a Board Resolution and
Officers’ Certificate or (ii) one or more indentures supplemental hereto,
establishing such series or class of Securities and setting forth the terms
thereof, including, in either case, a form of note or notes representing such
Securities.

       

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

       

      “Stated Maturity,” with respect
to any Security or any installment of principal thereof or interest thereon or
any Additional Amounts with respect thereto, means the date established by or
pursuant to this Indenture or the related Series Authorization as the fixed date
on which the principal of such Security or such installment of principal or
interest is, or such Additional Amounts are, due and payable.

       

      “Subsidiary” means, in respect
of any Person, any Corporation, limited or general partnership or other business
entity of which at the time of determination more than 50% of the voting power
of the shares of its Capital Stock or other interests (including partnership
interests) entitled (without regard to the occurrence of any contingency) to
vote in the election of directors, managers or trustees thereof is owned or
controlled, directly or indirectly, by (i) such Person, (ii) such Person and one
or more Subsidiaries of such Person or (iii) one or more Subsidiaries of such
Person.

       

      “Trust Indenture Act” means the
Trust Indenture Act of 1939, as amended, and any reference herein to the Trust
Indenture Act or a particular provision thereof shall mean such Act or
provision, as the case may be, as amended or replaced from time to time or as
supplemented from time to time by rules or regulations adopted by the Commission
under or in furtherance of the purposes of such Act or provision, as the case
may be.

       

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

       

       

      
        
          
          

        

        
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      “United States,” except as
otherwise provided in or pursuant to this Indenture or any Series Authorization,
means the United States of America (including the states thereof and the
District of Columbia), its territories and possessions and other areas subject
to its jurisdiction.

       

      “U.S. Depository” or “Depository” means, with
respect to any Security issuable or issued in the form of one or more global
Securities, the Person designated as U.S. Depository or Depository by the
Company in or pursuant to this Indenture or the related Series Authorization,
which Person must be, to the extent required by applicable law or regulation, a
clearing agency registered under the Securities Exchange Act of 1934, as
amended, and, if so provided with respect to any Security, any successor to such
Person. If at any time there is more than one such Person, “U.S. Depository” or
“Depository” shall mean, with respect to any Securities, the qualifying entity
which has been appointed with respect to such Securities.

       

      “Vice President,” when used
with respect to the Company or the Trustee, means any vice president, whether or
not designated by a number or a word or words added before or after the title
“Vice President.”

       

      Section
1.02.  Compliance Certificates
and Opinions.  Except as otherwise expressly provided in this
Indenture, upon any application or request by the Company to the Trustee to take
any action under any provision of this Indenture, the Company shall furnish to
the Trustee an Officers’ Certificate stating that all conditions precedent, if
any, provided for in
this Indenture relating to the proposed action have been complied with and an
Opinion of Counsel stating that, in the opinion of such counsel, such action is
authorized or permitted by this Indenture and that 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 or any of
them 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 or opinion with respect to compliance with a condition or covenant
provided for in this Indenture shall include:

       

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

       

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

       

      (c) a
statement that, in the opinion of such individual, he has made such examination
or investigation as is necessary to enable him to express an informed

       

       

      
        
          
          

        

        
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      opinion as
to whether or not such condition or covenant has been complied with;
and

       

      (d) a
statement as to whether, in the opinion of 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 or the Guarantor may be
based, insofar as it relates to legal matters, upon an Opinion of Counsel, provided that such officer,
after reasonable inquiry, has no reason to believe and does not believe that the
Opinion of Counsel with respect to the matters upon which his certificate or
opinion is based is erroneous. Any such 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 Guarantor
stating that the information with respect to such factual matters is in the
possession of the Company or the Guarantor, as the case may be, provided that such counsel,
after reasonable inquiry, has no reason to believe and does not believe 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 or any Security, 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 or pursuant to this
Indenture to be given or taken by Holders may be embodied in and evidenced by
one or more instruments of substantially similar tenor signed by such Holders in
person or by an agent duly appointed in writing. If, but only if, Securities of
a series are issuable as Bearer Securities, any request, demand, authorization,
direction, notice, consent, waiver or other action provided in or pursuant to
this Indenture or the related Series Authorization to be given or taken by
Holders of Securities of such series may, alternatively, be embodied in and
evidenced by the record of Holders of Securities of such series voting in favor
thereof, either in person or by proxies duly appointed in writing, at any
meeting of Holders of Securities of such series duly called and held in
accordance with the provisions of 

       

       

      
        
          
          

        

        
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      Article
15, or a combination of such instruments and any such record. Except as herein
otherwise expressly provided, such action shall become effective when such
instrument or instruments or record or both are received by a Responsible
Officer of the Trustee and, where it is hereby expressly required, to the
Company or the Guarantor. Such instrument or instruments and any such record
(and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments
or so voting at any such meeting. Proof of execution of any such instrument or
of a writing appointing any such agent, or of the holding by any Person of a
Security, shall be sufficient for any purpose of this Indenture and (subject to
Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee, the
Company, the Guarantor and any agent of the Trustee, the Company or the
Guarantor, if made in the manner provided in this Section. The record of any
meeting of Holders of Securities shall be proved in the manner provided in
Section 15.06.

       

      (b) Without
limiting the generality of this Section 1.04, unless otherwise provided in or
pursuant to this Indenture or the related Series Authorization, a Holder,
including a U.S. Depository that is a Holder of a global Security, may make,
give or take, by a proxy or proxies duly appointed in writing, any request,
demand, authorization, direction, notice, consent, waiver or other Act provided
in or pursuant to this Indenture or the related Series Authorization to be made,
given or taken by Holders, and a U.S. Depository that is a Holder of a global
Security may provide its proxy or proxies to the beneficial owners of interests
in any such global Security through such U.S. Depository’s standing instructions
and customary practices.

       

      (c) The
Company shall fix a record date for the purpose of determining the Persons who
are beneficial owners of interest in any permanent global Security held by a
U.S. Depository entitled under the procedures of such U.S. Depository to make,
give or take, by a proxy or proxies duly appointed in writing, any request,
demand, authorization, direction, notice, consent, waiver or other Act provided
in or pursuant to this Indenture or the related Series Authorization to be made,
given or taken by Holders. If such a record date is fixed, the Holders on such
record date or their duly appointed proxy or proxies, and only such Persons,
shall be entitled to make, give or take such request, demand, authorization,
direction, notice, consent, waiver or other Act, whether or not such Holders
remain Holders after such record date. No such request, demand, authorization,
direction, notice, consent, waiver or other Act shall be valid or effective if
made, given or taken more than 90 days after such record date.

       

      (d) The fact
and date of the execution by any Person of any such instrument or writing
referred to in this Section 1.04 may be proved in any reasonable manner; and the
Trustee may in any instance require further proof, including written proof, with
respect to any of the matters referred to in this Section.

       

       

      
        
          
          

        

        
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      (e) The
ownership, principal amount and serial numbers of Registered Securities held by
any Person, and the date of the commencement and the date of the termination of
holding the same, shall be proved by the Security Register.

       

      (f) The
ownership, principal amount and serial numbers of Bearer Securities held by any
Person, and the date of the commencement and the date of the termination of
holding the same, may be proved by the production of such Bearer Securities or
by a certificate executed, as depositary, by any trust company, bank, banker or
other depositary reasonably acceptable to the Company, wherever situated, if
such certificate shall be deemed by the Company and the Trustee to be
satisfactory, showing that at the date therein mentioned such Person had on
deposit with such depositary, or exhibited to it, the Bearer Securities therein
described; or such facts may be proved by the certificate or affidavit of the
Person holding such Bearer Securities, if such certificate or affidavit is
deemed by the Trustee to be satisfactory. The Trustee and the Company may assume
that such ownership of any Bearer Security continues until (i) another
certificate or affidavit bearing a later date issued in respect of the same
Bearer Security is produced, or (ii) such Bearer Security is produced to the
Trustee by some other Person, or (iii) such Bearer Security is surrendered in
exchange for a Registered Security, or (iv) such Bearer Security is no longer
Outstanding. The ownership, principal amount and serial numbers of Bearer
Securities held by the Person so executing such instrument or writing and the
date of the commencement and the date of the termination of holding the same may
also be proved in any other manner which the Company and the Trustee deem
sufficient.

       

      (g) If the
Company shall solicit from the Holders of any Registered Securities any request,
demand, authorization, direction, notice, consent, waiver or other Act, the
Company may at its option (but is not obligated to), by Board Resolution, fix in
advance a record date for the determination of Holders of Registered Securities
entitled to give such request, demand, authorization, direction, notice,
consent, waiver or other Act. If such a record date is fixed, such request,
demand, authorization, direction, notice, consent, waiver or other Act may be
given before or after such record date, but only the Holders of Registered
Securities of record at the close of business on such record date shall be
deemed to be Holders for the purpose of determining whether Holders of the
requisite proportion of Outstanding Securities have authorized or agreed or
consented to such request, demand, authorization, direction, notice, consent,
waiver or other Act, and for that purpose the Outstanding Securities shall be
computed as of such record date; provided that no such
authorization, agreement or consent by the Holders of Registered Securities
shall be deemed effective unless it shall become effective pursuant to the
provisions of this Indenture not later than six months after the record
date.

       

      (h) Any
request, demand, authorization, direction, notice, consent, waiver or other Act
by the Holder of any Security shall bind every future Holder 

       

       

      
        
          
          

        

        
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      of the
same Security and the Holder of every Security issued upon the registration of
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 or the Company in reliance thereon, whether or not notation of such
Act is made upon such Security.

       

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

       

      (a) the
Trustee by any Holder or the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee
at its Corporate Trust Office, or

       

      (b) the
Company by the Trustee or any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to the Company addressed to the attention of its
Treasurer, with a copy to the attention of its General Counsel, at the address
of its principal office specified in the first paragraph of this instrument or
at any other address previously furnished in writing to the Trustee by the
Company.

       

      Section
1.06.  Notice to Holders of
Securities; Waiver.  Except as otherwise expressly provided in
or pursuant to this Indenture or the related Series Authorization, where this
Indenture provides for notice to Holders of Securities of any
event,

       

      (a) such
notice shall be sufficiently given to Holders of Registered Securities if in
writing and mailed, first-class postage prepaid, to each Holder of a Registered
Security 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; and

       

      (b) such
notice shall be sufficiently given to Holders of Bearer Securities, if any, if
published in an Authorized Newspaper in The City of New York and, if such
Securities are then listed on any stock exchange outside the United States, in
an Authorized Newspaper in such city as the Company shall advise the Trustee in
writing that such stock exchange so requires, on a Business Day at least twice,
the first such publication to be not earlier than the earliest date and the
second such publication not later than the latest date prescribed for the giving
of such notice.

       

      In any
case where notice to Holders of Registered Securities is given by mail, neither
the failure to mail such notice, nor any defect in any notice so mailed, to any
particular Holder of a Registered Security shall affect the sufficiency of

       

      
        
          
          

        

        
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      such
notice with respect to other Holders of Registered Securities or the sufficiency
of any notice to Holders of Bearer Securities given as provided herein. Any
notice which is mailed in the manner herein provided shall be conclusively
presumed to have been duly given or provided. In the 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.

       

      In case by
reason of the suspension of publication of any Authorized Newspaper or
Authorized Newspapers or by reason of any other cause it shall be impracticable
to publish any notice to Holders of Bearer Securities as provided above, then
such notification to Holders of Bearer Securities as shall be given with the
approval of the Trustee shall constitute sufficient notice to such Holders for
every purpose hereunder. Neither failure to give notice by publication to
Holders of Bearer Securities as provided above, nor any defect in any notice so
published, shall affect the sufficiency of any notice mailed to Holders of
Registered Securities as provided above.

       

      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 of Securities shall be filed in writing with the Trustee, but
such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver.

       

      Section
1.07.  Language of
Notices.  Any request, demand, authorization, direction,
notice, consent, election or waiver required or permitted under this Indenture
shall be in the English language, except that, if the Company so elects, any
published notice may be in an official language of the country of
publication.

       

      Section
1.08.  Conflict with Trust
Indenture Act.  If any provision hereof limits, qualifies or
conflicts with any duties under any required provision of the Trust Indenture
Act imposed hereon by Section 318(c) thereof, such required provision shall
control.

       

      Section
1.09.  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
1.10.  Successors and
Assigns.  All covenants and agreements in this Indenture by the
Company shall bind its successors and assigns, whether so expressed or
not.

       

       

      
        
          
          

        

        
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      Section
1.11.  Separability
Clause.  In case any provision in this Indenture, any Security
or any Coupon 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
1.12.  Benefits of
Indenture.  Nothing in this Indenture, any Security or any
Coupon, 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 or Coupons, any benefit
or any legal or equitable right, remedy or claim under this
Indenture.

       

      Section
1.13.  Governing
Law.  This Indenture, the Securities and any Coupons shall be
governed by and construed in accordance with the laws of the State of New York
applicable to agreements made or instruments entered into and, in each case,
performed in said state.

       

      Section
1.14.  Non-Business
Days.  Unless otherwise specified in or pursuant to this
Indenture or the related Series Authorization, in any case where any Interest
Payment Date, Stated Maturity or Maturity of any Security, or the last date on
which a Holder has the right to convert or exchange Securities of a series that
are convertible or exchangeable, shall not be a Business Day at any Place of
Payment, then (notwithstanding any other provision of this Indenture, any
Security or any Coupon other than a provision in any Security or Coupon that
specifically states that such provision shall apply in lieu hereof) payment need
not be made at such Place of Payment on such date, and such Securities need not
be converted or exchanged on such date but such payment may be made, and such
Securities may be converted or exchanged, on the next succeeding day that is a
Business Day at such Place of Payment with the same force and effect as if made
on the Interest Payment Date or at the Stated Maturity or Maturity or on such
last day for conversion or exchange, and no interest shall accrue on the amount
payable on such date or at such time for the period from and after such Interest
Payment Date, Stated Maturity, Maturity or last day for conversion or exchange,
as the case may be, to such next succeeding Business Day.

       

      Section
1.15.  Counterparts.  This
Indenture may be executed in several counterparts, each of which shall be an
original and all of which shall constitute but one and the same
instrument.

       

      Section
1.16.  Judgment
Currency.  The Company agrees, to the fullest extent that it
may effectively do so under applicable law, that (a) if for the purpose of
obtaining judgment in any court it is necessary to convert the sum due in
respect of the principal of, or premium or interest, if any, or Additional
Amounts on the Securities of any series (the “Required Currency”) into a
currency in which a judgment will be rendered (the “Judgment Currency”), the rate
of exchange used shall be the rate at which in accordance with normal banking

       

       

      
        
          
          

        

        
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      procedures
the Trustee could purchase in The City of New York the requisite amount of the
Required Currency with the Judgment Currency on the New York Banking Day
preceding the day on which a final unappealable judgment is given and (b) its
obligations under this Indenture to make payments in the Required Currency (i)
shall not be discharged or satisfied by any tender, or any recovery pursuant to
any judgment (whether or not entered in accordance with clause (a)), in any
currency other than the Required Currency, except to the extent that such tender
or recovery shall result in the actual receipt, by the payee, of the full amount
of the Required Currency expressed to be payable in respect of such payments,
(ii) shall be enforceable as an alternative or additional cause of action for
the purpose of recovering in the Required Currency the amount, if any, by which
such actual receipt shall fall short of the full amount of the Required Currency
so expressed to be payable and (iii) shall not be affected by judgment being
obtained for any other sum due under this Indenture. For purposes of the
foregoing, “New York Banking
Day” means any day except a Saturday, Sunday or a legal holiday in The
City of New York or a day on which banking institutions in The City of New York
are authorized or obligated by law, regulation or executive order to be
closed.

       

      Section
1.17.  No Security Interest
Created.  Nothing in this Indenture or in any Securities,
express 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 or may be located.

       

      Section
1.18.  Limitation on Individual
Liability.  No recourse under or upon any obligation, covenant
or agreement contained in this Indenture or in any Security, or for any claim
based thereon or otherwise in respect thereof, shall be had against any
incorporator, shareholder, officer or director, as such, past, present or
future, of the Company, either directly or through the Company, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise; it being expressly understood that this
Indenture and the obligations issued hereunder are solely corporate obligations,
and that no such personal liability whatever shall attach to, or is or shall be
incurred by, the incorporators, shareholders, officers or directors, as such, of
the Company, or any of them, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements
contained in this Indenture or in any Security or implied therefrom; and that
any and all such personal liability of every name and nature, either at common
law or in equity or by constitution or statute, of, and any and all such rights
and claims against, every such incorporator, shareholder, officer or director,
as such, because of the creation of the indebtedness hereby authorized, or under
or by reason of the obligations, covenants or agreements contained in this
Indenture or in any Security or implied therefrom, are hereby expressly waived
and released as a 

       

       

      
        
          
          

        

        
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      condition
of, and as a consideration for, the execution of this Indenture and the issuance
of such Security.

       

      Section
1.19.  Submission to
Jurisdiction.  The Company agrees that any judicial proceedings
instituted in relation to any matter arising under this Indenture, the
Securities or any Coupons appertaining thereto may be brought in any United
States Federal or New York State court sitting in the Borough of Manhattan, The
City of New York, New York to the extent that such court has subject matter
jurisdiction over the controversy, and, by execution and delivery of this
Indenture, the Company hereby irrevocably accepts, generally and
unconditionally, the jurisdiction of the aforesaid courts, acknowledges their
competence and irrevocably agrees to be bound by any judgment rendered in such
proceeding. The Company also irrevocably and unconditionally waives for the
benefit of the Trustee and the Holders of the Securities and Coupons any
immunity from jurisdiction and any immunity from legal process (whether through
service or notice, attachment prior to judgment, attachment in the aid of
execution, execution or otherwise) in respect of this Indenture. The Company
hereby irrevocably designates and appoints, for the benefit of the Trustee and
the Holders of the Securities and Coupons for the term of this Indenture,
PartnerRe U.S. Corporation, One Greenwich Plaza, Greenwich, CT 06830-6352, as
its agent to receive on its behalf service of all process (with a copy of all
such service of process to be delivered to the Company pursuant to Section 1.05
and to Davis Polk & Wardwell, 450 Lexington Avenue, New York, NY 10017,
Attention:  Ethan T. James, Esq.) brought against it with respect to
any such proceeding in any such court in The City of New York, such service
being hereby acknowledged by the Company to be effective and binding service on
it in every respect whether or not the Company shall then be doing or shall have
at any time done business in New York. Such appointment shall be irrevocable so
long as any of the Securities or Coupons or the obligations of the Company
hereunder remain outstanding, or until the appointment of a successor by the
Company located in New York or Connecticut and such successor’s acceptance of
such appointment. Upon such acceptance, the Company shall notify the Trustee in
writing of the name and address of such successor. The Company further agrees
for the benefit of the Trustee and the Holders of the Securities and the Coupons
to take any and all action, including the execution and filing of any and all
such documents and instruments, as may be necessary to continue such designation
and appointment of PartnerRe U.S. Corporation as its agent in full force and
effect so long as any of the Securities or Coupons or the obligations of the
Company hereunder shall be outstanding. The Trustee shall not be obligated and
shall have no responsibility with respect to any failure by the Company to take
any such action. Nothing herein shall affect the right to serve process in any
other manner permitted by any law or limit the right of the Trustee or any
Holder to institute proceedings against the Company in the courts of any other
jurisdiction or jurisdictions.

       

       

      
        
          
          

        

        
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      Section
1.20.  Waiver Of Jury
Trial.  EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS
INDENTURE.

       

      Section
1.21.  Force
Majeure.  In no event shall the Trustee be responsible or
liable for any failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond its control,
including, without limitation, strikes, work stoppages, accidents, acts of war
or terrorism, civil or military disturbances, nuclear or natural catastrophes or
acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software and hardware) services; it being understood
that the Trustee shall use reasonable efforts which are consistent with accepted
practices in the banking industry to resume performance as soon as practicable
under the circumstances.

       

       

      ARTICLE
2

      Securities
Forms

       

      Section
2.01.  Forms
Generally.  Each Registered Security, Bearer Security, Coupon
and temporary or permanent global Security issued pursuant to this Indenture
shall be in the form established by or pursuant to the related Series
Authorization, shall have such appropriate insertions, omissions, substitutions
and other variations as are required or permitted by or pursuant to this
Indenture or the related Series Authorization or any indenture supplemental
hereto and may have such letters, numbers or other marks of identification and
such legends or endorsements placed thereon as may, consistently herewith, be
determined by the officers executing such Security or Coupon as evidenced by
their execution of such Security or Coupon.

       

      Unless
otherwise provided in or pursuant to the related Series Authorization, the
Securities shall be issuable in registered form without Coupons and shall not be
issuable upon the exercise of warrants.

       

      Definitive
Securities and definitive Coupons shall be printed, lithographed or engraved or
produced by any combination of these methods on a steel engraved border or steel
engraved borders or may be produced in any other manner, all as determined by
the officers of the Company executing such Securities or Coupons, as evidenced
by their execution of such Securities or Coupons.

       

      Section
2.02.  Form of Trustee’s
Certificate of Authentication.  Subject to Section 6.11, the
Trustee’s certificate of authentication shall be in substantially the following
form:

       

       

      
        
          
          

        

        
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      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
Officer

       

      Dated:
_____________

       

      Section
2.03.  Securities in Global
Form.  Unless otherwise provided in or pursuant to the related
Series Authorization, the Securities of a series shall not be issuable in
temporary or permanent global form. If Securities of a series shall be issuable
in global form, any such Security may provide that it or any number of such
Securities shall represent the aggregate amount of all Outstanding Securities of
such series (or such lesser amount as is permitted by the terms thereof) 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 increased or
reduced to reflect exchanges. Any endorsement of any Security in global form to
reflect the amount, or any increase or decrease in the amount, or changes in the
rights of Holders, of Outstanding Securities represented thereby shall be made
in such manner and by such Person or Persons as shall be specified therein or in
the Company Order to be delivered pursuant to Section 3.03 or Section 3.04 with
respect thereto. Subject to the provisions of Section 3.03 and, if applicable,
Section 3.04, the Trustee shall deliver and redeliver, in each case at the
Company’s expense, any Security in permanent global form in the manner and upon
written instructions given by the Person or Persons specified therein or in the
applicable Company Order. If a Company Order pursuant to Section 3.03 or Section
3.04 has been, or simultaneously is, delivered, any instructions by the Company
with respect to a Security in global form shall be in writing and, with respect
to matters set forth in this Section 2.03, need not be accompanied by or
contained in an Officers’ Certificate and need not be accompanied by an Opinion
of Counsel.

       

      Notwithstanding
the provisions of Section 3.07, unless otherwise specified in or pursuant to the
related Series Authorization, payment of principal of, any premium and interest
on, and any Additional Amounts in respect of, any Security in temporary or
permanent global form shall be made to the Person or Persons specified
therein.

       

      Notwithstanding
the provisions of Section 3.08 and except as provided in the preceding
paragraph, the Company, the Trustee and any agent of the Company or the Trustee
shall treat as the Holder of such principal amount of Outstanding Securities
represented by a global Security (i) in the case of a global Security in
registered form, the Holder of such global Security in registered form, or (ii)

       

       

      
        
          
          

        

        
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      in the
case of a global Security in bearer form, the Person or Persons specified
pursuant to Section 3.01.

       

       

      ARTICLE
3

      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. With respect to
any Securities to be authenticated and delivered hereunder, there shall be
established in the related Series Authorization, the following:

       

      (a) the title
of such Securities and the series in which such Securities shall be
included;

       

      (b) any limit
upon the aggregate principal amount of the Securities of such title or the
Securities of such 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 such
series pursuant to Section 3.04, Section 3.05, Section 3.06, Section 9.05 or
Section 11.07, upon repayment in part of any Registered Security of such series
pursuant to Article 13, upon surrender in part of any Registered Security for
conversion into Common Stock of the Company or exchange for other securities
pursuant to its terms, or pursuant to or as contemplated by the terms of such
Securities);

       

      (c) if such
Securities are to be issuable as Registered Securities, as Bearer Securities or
alternatively as Bearer Securities and Registered Securities, and whether the
Bearer Securities are to be issuable with Coupons, without Coupons or both, and
any restrictions applicable to the offer, sale or delivery of the Bearer
Securities and the terms, if any, upon which Bearer Securities may be exchanged
for Registered Securities and vice versa;

       

      (d) if any of
such Securities are to be issuable in global form, when any of such Securities
are to be issuable in global form and (i) whether such Securities are to be
issued in temporary or permanent global form or both, (ii) whether beneficial
owners of interests in any such global Security may exchange such interests for
definitive Securities of the same series and of like tenor and of any authorized
form and denomination, and the circumstances under which any such exchanges may
occur, if other than in the manner specified in Section 3.05, and (iii) the name
of the Depository or the U.S. Depository, as the case may be, with respect to
any such global Security;

       

       

      
        
          
          

        

        
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      (e) if any of
such Securities are to be issuable as Bearer Securities or in global form, the
date as of which any such Bearer Security or global Security shall be dated (if
other than the date of original issuance of the first of such Securities to be
issued);

       

      (f) if any of
such Securities are to be issuable as Bearer Securities, whether interest in
respect of any portion of a temporary Bearer Security in global form payable in
respect of an Interest Payment Date therefor prior to the exchange, if any, of
such temporary Bearer Security for definitive Securities shall be paid to any
clearing organization with respect to the portion of such temporary Bearer
Security held for its account and, in such event, the terms and conditions
(including any certification requirements) upon which any such interest payment
received by a clearing organization will be credited to the Persons entitled to
interest payable on such Interest Payment Date;

       

      (g) the date
or dates, or the method or methods, if any, by which such date or dates shall be
determined, on which the principal of such Securities is payable;

       

      (h) the rate
or rates at which such Securities shall bear interest, if any, or the method or
methods, if any, by which such rate or rates are to be determined, the date or
dates, if any, from which such interest shall accrue or the method or methods,
if any, by which such date or dates are to be determined, the Interest Payment
Dates, if any, on which such interest shall be payable on a cash basis and the
Regular Record Date, if any, for the interest payable on Registered Securities
on any Interest Payment Date, whether and under what circumstances Additional
Amounts on such Securities or any of them shall be payable, the notice, if any,
to Holders regarding the determination of interest on a floating rate Security
and the manner of giving such notice, and the basis upon which interest shall be
calculated if other than that of a 360-day year of twelve 30-day
months;

       

      (i) if in
addition to or other than the Borough of Manhattan, The City of New York, the
place or places where the principal of, any premium and interest on or any
Additional Amounts with respect to such Securities shall be payable, any of such
Securities that are Registered Securities may be surrendered for registration of
transfer or exchange, any of such Securities may be surrendered for conversion
or exchange and notices or demands to or upon the Company in respect of such
Securities and this Indenture may be served, the extent to which, or the manner
in which, any interest payment or Additional Amounts on a global Security on an
Interest Payment Date, will be paid and the manner in which any principal of or
premium, if any, on any global Security will be paid;

       

      (j) whether
any of such Securities are to be redeemable at the option of the Company and, if
so, the date or dates on which, the period or periods within which, the price or
prices at which and the other terms and conditions upon which 

       

       

      
        
          
          

        

        
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      such
Securities may be redeemed, in whole or in part, at the option of the
Company;

       

      (k) whether
the Company is obligated to redeem or purchase any of such Securities pursuant
to any sinking fund or analogous provision or at the option of any Holder
thereof and, if so, the date or dates on which, the period or periods within
which, the price or prices at which and the other terms and conditions upon
which such Securities shall be redeemed or purchased, in whole or in part,
pursuant to such obligation, and any provisions for the remarketing of such
Securities so redeemed or purchased;

       

      (l) the
denominations in which any of such Securities that are Registered Securities
shall be issuable if other than denominations of $2,000 and integral multiples
of $1,000, and the denominations in which any of such Securities that are Bearer
Securities shall be issuable if other than the denomination of
$5,000;

       

      (m) whether
the Securities of the series will be convertible into shares of Common Stock of
the Company and/or exchangeable for other securities, whether or not issued by
the Company, and, if so, the terms and conditions upon which such Securities
will be so convertible or exchangeable, and any deletions from or modifications
or additions to this Indenture to permit or to facilitate the issuance of such
convertible or exchangeable Securities or the administration
thereof;

       

      (n) if other
than the principal face amount thereof, the portion of the par or stated face
amount of any of such Securities that shall be payable upon declaration of
acceleration of the Maturity thereof pursuant to Section 5.02 or the method by
which such portion is to be determined or, in the case of Indexed Securities,
the portion of the principal face amount that shall be payable upon Stated
Maturity or the method by which such portion is to be determined;

       

      (o) if other
than Dollars, the Foreign Currency in which payment of the principal of, any
premium or interest on or any Additional Amounts with respect to any of such
Securities shall be payable;

       

      (p) if the
principal of, any premium or interest on or any Additional Amounts with respect
to any of such Securities are to be payable, at the election of the Company or a
Holder thereof or otherwise, in Dollars or in a Foreign Currency other than that
in which such Securities are stated to be payable, the date or dates on which,
the period or periods within which, and the other terms and conditions upon
which, such election may be made, and the time and manner of determining the
exchange rate between the Currency in which such Securities are stated to be
payable and the Currency in which such Securities or any of them are to be paid
pursuant to such election, and any deletions from or modifications of or
additions to the terms of this Indenture to provide for or to facilitate the

       

       

      
        
          
          

        

        
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      issuance
of Securities denominated or payable, at the election of the Company or a Holder
thereof or otherwise, in a Foreign Currency;

       

      (q) whether
the amount of payments of principal of, any premium or interest on or any
Additional Amounts with respect to such Securities may be determined with
reference to an index, formula or other method or methods (which index, formula
or method or methods may be based, without limitation, on one or more
Currencies, commodities, equity securities, equity indices or other indices),
and, if so, the terms and conditions upon which and the manner in which such
amounts shall be determined and paid or payable;

       

      (r) any
deletions from, modifications of or additions to the Events of Default or
covenants of the Company with respect to any of such Securities, whether or not
such Events of Default or covenants are consistent with the Events of Default or
covenants set forth herein;

       

      (s) whether
either or both of Section 4.02(b) relating to defeasance or Section 4.02(c)
relating to covenant defeasance shall not be applicable to the Securities of
such series, or any covenants in addition to those specified in Section 4.02(c)
relating to the Securities of such series which shall be subject to covenant
defeasance, and any deletions from, or modifications or additions to, the
provisions of Article 4 in respect of the Securities of such
series;

       

      (t) the form
or forms of the Debt Securities Guarantee Agreement, if different from the Debt
Securities Agreement contemplated hereby and defined herein;

       

      (u) whether
any of such Securities are to be issuable upon the exercise of warrants, and the
time, manner and place for such Securities to be authenticated and
delivered;

       

      (v) if any of
such Securities are to be issuable in global form and are to be issuable in
definitive form (whether upon original issue or upon exchange of a temporary
Security) only upon receipt of certain certificates or other documents or
satisfaction of other conditions, then the form and terms of such certificates,
documents or conditions;

       

      (w) if there
is more than one Trustee, the identity of the Trustee and, if not the Trustee,
the identity of each Security Registrar, Paying Agent or Authenticating Agent
with respect to such Securities; and

       

      (x) any other
terms of such Securities and any other deletions from or modifications or
additions to this Indenture in respect of such Securities.

       

       

      
        
          
          

        

        
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      If any
terms or provisions set forth in the related Series Authorization pursuant to
this Section 3.01 conflict or are otherwise inconsistent with other terms or
provisions set forth in this Indenture (regardless of whether this Indenture
otherwise provides that such other terms or provisions are subject to the
provisions of the related Series Authorization), the terms and provisions of the
related Series Authorization shall control.

       

      All
Securities of any one series and all Coupons, if any, appertaining to Bearer
Securities of such series shall be substantially identical except as to Currency
of payments due thereunder, denomination and the rate of interest thereon, or
method of determining the rate of interest, if any, Maturity, and the date from
which interest, if any, shall accrue and except as may otherwise be provided by
the Company in or pursuant to the Board Resolution and set forth in the
Officers’ Certificate or in any indenture or indentures supplemental hereto
pertaining to such series of Securities. The terms of the Securities of any
series may provide, without limitation, that the Securities shall be
authenticated and delivered by the Trustee on original issue from time to time
upon written order of persons designated in the Officers’ Certificate or
supplemental indenture and that such persons are authorized to determine,
consistent with such Officers’ Certificate or any applicable supplemental
indenture, such terms and conditions of the Securities of such series as are
specified in such Officers’ Certificate or supplemental indenture. All
Securities of any one series need not be issued at the same time and, unless
otherwise so provided, a series may be reopened for issuances of additional
Securities of such series or to establish additional terms of such series of
Securities.

       

      If any of
the terms of the Securities of any series shall be established by action taken
by or pursuant to a Board Resolution, the Board Resolution shall be delivered to
the Trustee at or prior to the delivery of the Officers’ Certificate setting
forth the terms of such series.

       

      Section
3.02.  Currency;
Denominations.  Unless otherwise provided in or pursuant to
this Indenture or the related Series Authorization, the principal of, any
premium and interest on and any Additional Amounts with respect to the
Securities shall be payable in Dollars. Unless otherwise provided in or pursuant
to this Indenture or the related Series Authorization, Registered Securities
denominated in Dollars shall be issuable in registered form without Coupons in
denominations of $2,000 and integral multiples of $1,000, and the Bearer
Securities denominated in Dollars shall be issuable in the denomination of
$5,000. Securities not denominated in Dollars shall be issuable in such
denominations as are established with respect to such Securities in or pursuant
to this Indenture or the related Series Authorization.

       

      Section
3.03.  Execution,
Authentication, Delivery and Dating.  Securities shall be
executed on behalf of the Company by an Authorized Officer.  Coupons,

       

       

      
        
          
          

        

        
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      if any,
shall be executed on behalf of the Company by the Chief Financial Officer or
Chief Accounting Officer of the Company. The signature of any of these officers
on the Securities or any Coupons appertaining thereto may be manual or
facsimile.

       

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

       

      At any
time and from time to time after the execution and delivery of this Indenture,
the Company may deliver Securities, together with any Coupons appertaining
thereto, executed by the Company, to the Trustee for authentication and, provided that the Board
Resolution and Officers’ Certificate or supplemental indenture or indentures
with respect to such Securities referred to in Section 3.01 and a Company Order
for the authentication and delivery of such Securities have been delivered to
the Trustee, the Trustee in accordance with the Company Order and subject to the
provisions hereof and of such Securities shall authenticate and deliver such
Securities. In authenticating such Securities, and accepting the additional
responsibilities under this Indenture in relation to such Securities and any
Coupons appertaining thereto, the Trustee shall be provided with, and (subject
to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be fully
protected in, and may conclusively rely upon,

       

      (a) an Opinion
or Opinions of Counsel that comply with Section 314 of the Trust Indenture Act;
and

       

      (b) an
Officers’ Certificate stating that all conditions precedent to the execution,
authentication and delivery of such Securities and Coupons, if any, appertaining
thereto, have been complied with and that, to the best knowledge of the Persons
executing such certificate, no event which is, or after notice or lapse of time
would become, an Event of Default with respect to any of the Securities shall
have occurred and be continuing.

       

      If all the
Securities of any series are not to be issued at one time, it shall not be
necessary to deliver an Opinion of Counsel and an Officers’ Certificate at the
time of issuance of each Security, but such opinion and certificate, with
appropriate modifications, shall be delivered at or before the time of issuance
of the first Security of such series. After any such first delivery, any
separate written request by an Authorized Officer of the Company or any person
designated in writing by an Authorized Officer that the Trustee authenticate and
deliver Securities of such series for original issue will be deemed to be a
certification by the Company that all conditions precedent provided for in this
Indenture relating 

       

       

      
        
          
          

        

        
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      to
authentication and delivery of such Securities continue to have been complied
with.

       

      The
Trustee shall not be required to authenticate or to cause an Authenticating
Agent to authenticate any Securities, nor will it be liable for its refusal to
authenticate or cause an Authenticating Agent to authenticate any Securities, if
the issue of such Securities will affect the Trustee’s own rights, duties or
immunities under the Securities and this Indenture or otherwise in a manner
which is not reasonably acceptable to the Trustee or if the Trustee, being
advised by counsel, determines that such action may not lawfully be taken or may
expose the Trustee to personal liability to existing Holders or
others.

       

      Each
Registered Security shall be dated the date of its authentication. Each Bearer
Security and any Bearer Security in global form shall be dated as of the date
specified in or pursuant to the related Series Authorization.

       

      No
Security or Coupon appertaining thereto shall be entitled to any benefit under
this Indenture or be valid or obligatory for any purpose, unless there appears
on such Security a certificate of authentication substantially in the form
provided for in Section 2.02 or Section 6.11 executed by or on behalf of the
Trustee or by the Authenticating Agent by the manual signature of one of its
authorized officers. Such certificate upon any Security shall be conclusive
evidence, and the only evidence, that such Security has been duly authenticated
and delivered hereunder. Except as permitted by Section 3.06 or Section 3.07,
the Trustee shall not authenticate and deliver any Bearer Security unless all
Coupons appertaining thereto then matured have been detached and
cancelled.

       

      Section
3.04.  Temporary
Securities.  Pending the preparation of definitive Securities,
the Company may execute and deliver to the Trustee and, upon Company Order, the
Trustee shall authenticate and deliver, in the manner provided in Section 3.03,
temporary Securities in lieu thereof which are printed, lithographed,
typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they
are issued, in registered form or, if authorized in or pursuant to this
Indenture or the related Series Authorization, in bearer form with one or more
Coupons or without Coupons and with such appropriate insertions, omissions,
substitutions and other variations as the officers of the Company executing such
Securities may determine, as conclusively evidenced by their execution of such
Securities. Such temporary Securities may be in global form.

       

      Except in
the case of temporary Securities in global form, which shall be exchanged in
accordance with the provisions thereof, if temporary Securities are issued, the
Company shall cause definitive Securities to be prepared without unreasonable
delay. After the preparation of definitive Securities of the same series and
containing terms and provisions that are identical to those of any 

       

      
        
          
          

        

        
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      temporary
Securities, such temporary Securities shall be exchangeable for such definitive
Securities upon surrender of such temporary Securities at an Office or Agency
for such Securities, without charge to any Holder thereof. Upon surrender for
cancellation of any one or more temporary Securities (accompanied by any
unmatured Coupons appertaining thereto), the Company shall execute and the
Trustee upon Company Order shall authenticate and deliver in exchange therefor a
like principal amount of definitive Securities of authorized denominations of
the same series and containing identical terms and provisions; provided, however, that no definitive
Bearer Security, except as provided in or pursuant to this Indenture or the
related Series Authorization, shall be delivered in exchange for a temporary
Registered Security; and provided, further, that a definitive
Bearer Security shall be delivered in exchange for a temporary Bearer Security
only in compliance with the conditions set forth in or pursuant to this
Indenture or the related Series Authorization. Unless otherwise provided in or
pursuant to this Indenture or the related Series Authorization with respect to a
temporary global Security, until so exchanged the temporary Securities of any
series shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities of such series.

       

      Section
3.05.  Registration, Transfer
and Exchange.  With respect to the Registered Securities of
each series, if any, the Company shall cause to be kept a register (each such
register being herein sometimes referred to as the “Security Register”) at an
Office or Agency for such series in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration
of the Registered Securities of such series and of transfers of the Registered
Securities of such series. Such Office or Agency shall be the “Security Registrar” for that
series of Securities. Unless otherwise specified in or pursuant to this
Indenture or the related Series Authorization, the Trustee shall be the initial
Security Registrar for each series of Securities. The Company shall have the
right to remove and replace from time to time the Security Registrar for any
series of Securities; provided that no such removal
or replacement shall be effective until a successor Security Registrar with
respect to such series of Securities shall have been appointed by the Company
and shall have accepted such appointment by the Company. In the event that the
Trustee shall not be or shall cease to be Security Registrar with respect to a
series of Securities, it shall have the right to examine the Security Register
for such series at all reasonable times. There shall be only one Security
Register for each series of Securities.

       

      Upon
surrender for registration of transfer of any Registered Security of any series
at any Office or Agency for such series, the Company shall execute, and the
Trustee shall authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Registered Securities of the same series
denominated as authorized in or pursuant to this Indenture or the related Series
Authorization, of a like aggregate principal amount bearing a number not
contemporaneously outstanding and containing identical terms and
provisions.

       

       

      
        
          
          

        

        
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      At the
option of the Holder, Registered Securities of any series may be exchanged for
other Registered Securities of the same series containing identical terms and
provisions, in any authorized denominations, and of a like aggregate principal
amount, upon surrender of the Securities to be exchanged at any Office or Agency
for such series. Whenever any Registered Securities are so surrendered for
exchange, the Company shall execute, and the Trustee shall authenticate and
deliver, the Registered Securities which the Holder making the exchange is
entitled to receive.

       

      If
provided in or pursuant to this Indenture or the related Series Authorization,
with respect to Securities of any series, at the option of the Holder, Bearer
Securities of such series may be exchanged for Registered Securities of such
series containing identical terms, denominated as authorized in or pursuant to
this Indenture or the related Series Authorization and in the same aggregate
principal amount, upon surrender of the Bearer Securities to be exchanged at any
Office or Agency for such series, with all unmatured Coupons and all matured
Coupons in default thereto appertaining. If the Holder of a Bearer Security is
unable to produce any such unmatured Coupon or Coupons or matured Coupon or
Coupons in default, such exchange may be effected if the Bearer Securities are
accompanied by payment in funds acceptable to the Company and the Trustee in an
amount equal to the face amount of such missing Coupon or Coupons, or the
surrender of such missing Coupon or Coupons may be waived by the Company and the
Trustee if there is furnished to them such security or indemnity as they may
require to save each of them and any Paying Agent harmless. If thereafter the
Holder of such Bearer Security shall surrender to any Paying Agent any such
missing Coupon in respect of which such a payment shall have been made, such
Holder shall be entitled to receive the amount of such payment; provided, however, that, except as
otherwise provided in Section 10.02, interest represented by Coupons shall be
payable only upon presentation and surrender of those Coupons at an Office or
Agency for such series located outside the United States.

       

      Notwithstanding
the foregoing, in case a Bearer Security of any series is surrendered at any
such Office or Agency for such series in exchange for a Registered Security of
such series and like tenor after the close of business at such Office or Agency
on (i) any Regular Record Date and before the opening of business at such Office
or Agency on the next succeeding Interest Payment Date, or (ii) any Special
Record Date and before the opening of business at such Office or Agency on the
related date for payment of Defaulted Interest, such Bearer Security shall be
surrendered without the Coupon relating to such Interest Payment Date or
proposed date of payment, as the case may be (or, if such Coupon is so
surrendered with such Bearer Security, such Coupon shall be returned to the
Person so surrendering the Bearer Security), and interest or Defaulted Interest,
as the case may be, shall not be payable on such Interest Payment Date or
proposed date for payment, as the case may be, in respect of the Registered
Security issued in exchange for such Bearer Security, but shall be 

       

       

      
        
          
          

        

        
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      payable
only to the Holder of such Coupon when due in accordance with the provisions of
this Indenture.

       

      If
provided in or pursuant to this Indenture or the related Series Authorization,
at the option of the Holder, Registered Securities of such series may be
exchanged for Bearer Securities upon such terms and conditions as may be
provided in or pursuant to this Indenture or the related Series
Authorization.

       

      Whenever
any Securities are surrendered for exchange as contemplated by the immediately
preceding two paragraphs, the Company shall execute, and the Trustee shall
authenticate and deliver, the Securities which the Holder making the exchange is
entitled to receive.

       

      Notwithstanding
the foregoing, except as otherwise provided in or pursuant to this Indenture or
the related Series Authorization, any global Security shall be exchangeable for
definitive Securities only if (i) the Depository is at any time unwilling,
unable or ineligible to continue as depository and a successor depository is not
appointed by the Company within 90 days of the date the Company is so informed
in writing, (ii) the Company executes and delivers to the Trustee a Company
Order to the effect that such global Security shall be so exchangeable, or (iii)
an Event of Default has occurred and is continuing with respect to the
Securities. If the beneficial owners of interests in a global Security are
entitled to exchange such interests for definitive Securities as the result of
an event described in clause (i), (ii) or (iii) of the preceding sentence, then
without unnecessary delay but in any event not later than the earliest date on
which such interests may be so exchanged, the Company shall deliver to the
Trustee definitive Securities in such form and denominations as are required by
or pursuant to this Indenture or the related Series Authorization, and of the
same series, containing identical terms and in aggregate principal amount equal
to the principal amount of such global Security, executed by the Company. On or
after the earliest date on which such interests may be so exchanged, such global
Security shall be surrendered from time to time by the U.S. Depository or such
other Depository as shall be specified in the Company Order with respect
thereto, and in accordance with instructions given to the Trustee and the U.S.
Depository or such other Depository, as the case may be (which instructions
shall be in writing but need not be contained in or accompanied by an Officers’
Certificate or be accompanied by an Opinion of Counsel), as shall be specified
in the Company Order with respect thereto to the Trustee, as the Company’s agent
for such purpose, to be exchanged, in whole or in part, for definitive
Securities as described above without charge. The Trustee shall authenticate and
make available for delivery, in exchange for each portion of such surrendered
global Security, a like aggregate principal amount of definitive Securities of
the same series of authorized denominations and of like tenor as the portion of
such global Security to be exchanged, which (unless such Securities are not
issuable both as Bearer Securities and as Registered Securities, in which case
the definitive 

       

       

      
        
          
          

        

        
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      Securities
exchanged for the global Security shall be issuable only in the form in which
the Securities are issuable, as provided in or pursuant to this Indenture or the
related Series Authorization) shall be in the form of Bearer Securities or
Registered Securities, or any combination thereof, as shall be specified by the
beneficial owner thereof, but subject to the satisfaction of any certification
or other requirements to the issuance of Bearer Securities; provided, however, that no such
exchanges may occur during a period beginning at the opening of business 15 days
before selection of Securities of the same series to be redeemed and ending on
the relevant Redemption Date; and provided, further, that (unless
otherwise provided in or pursuant to this Indenture or the related Series
Authorization) no Bearer Security delivered in exchange for a portion of a
global Security shall be mailed or otherwise delivered to any location in the
United States. Promptly following any such exchange in part, such global
Security shall be returned by the Trustee to such Depository or the U.S.
Depository, as the case may be, or such other Depository or U.S. Depository
referred to above in accordance with the instructions of the Company referred to
above. If a Registered Security is issued in exchange for any portion of a
global Security after the close of business at the Office or Agency for such
Security where such exchange occurs on or after (i) any Regular Record Date for
such Security and before the opening of business at such Office or Agency on the
next succeeding Interest Payment Date, or (ii) any Special Record Date for such
Security and before the opening of business at such Office or Agency on the
related proposed date for payment of interest or Defaulted Interest, as the case
may be, interest shall not be payable on such Interest Payment Date or proposed
date for payment, as the case may be, in respect of such Registered Security,
but shall be payable on such Interest Payment Date or proposed date for payment,
as the case may be, only to the Person to whom interest in respect of such
portion of such global Security shall be payable in accordance with the
provisions of this Indenture.

       

      All
Securities issued upon any registration of transfer or exchange of Securities
shall be the valid obligations of the Company evidencing the same debt and
entitling the Holders thereof to the same benefits under this Indenture as the
Securities surrendered upon such registration of transfer or
exchange.

       

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

       

      No service
charge shall be made for any registration of transfer or exchange, or redemption
of Securities, but the Company or the Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge and any other expenses
(including fees and expenses of the Trustee) that may be 

       

       

      
        
          
          

        

        
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      imposed in
connection with any registration of transfer or exchange of Securities, other
than exchanges pursuant to Section 3.04, Section 9.05 or Section 11.07 not
involving any transfer.

       

      Except as
otherwise provided in or pursuant to this Indenture or the related Series
Authorization, the Company shall not be required (i) to issue, register the
transfer of or exchange any Securities during a period beginning at the opening
of business 15 days before the day of mailing of a notice of redemption of
Securities of like tenor and the same series under Section 11.04 and ending at
the close of business on the day of such mailing, or (ii) to register the
transfer of or exchange any Registered Security selected for redemption in whole
or in part, except in the case of any Security to be redeemed in part, the
portion thereof not to be redeemed, or (iii) to exchange any Bearer Security
selected for redemption except, to the extent provided with respect to such
Bearer Security, that such Bearer Security may be exchanged for a Registered
Security of like tenor and the same series, provided that such Registered
Security shall be immediately surrendered for redemption with written
instruction for payment consistent with the provisions of this Indenture or (iv)
to issue, register the transfer of or exchange any Security which, in accordance
with its terms, has been surrendered for repayment at the option of the Holder,
except the portion, if any, of such Security not to be so repaid.

       

      Section
3.06.  Mutilated, Destroyed,
Lost and Stolen Securities.  If any mutilated Security or a
Security with a mutilated Coupon appertaining to it is surrendered to the
Trustee, subject to the provisions of this Section 3.06, the Company shall
execute and the Trustee shall authenticate and deliver in exchange therefor a
new Security of the same series containing identical terms and of like principal
amount and bearing a number not contemporaneously outstanding, with Coupons
appertaining thereto corresponding to the Coupons, if any, appertaining to the
surrendered Security.

       

      If there
be delivered to the Company and to the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security or Coupon, and
(ii) such security or indemnity as may be required by them to save each of them
and any agent of either of them harmless, then, in the absence of notice to the
Company or the Trustee that such Security or Coupon has been acquired by a
protected purchaser, the Company shall execute and, upon the Company’s request
the Trustee shall authenticate and deliver, in exchange for or in lieu of any
such mutilated, destroyed, lost or stolen Security or in exchange for the
Security to which a destroyed, lost or stolen Coupon appertains with all
appurtenant Coupons not destroyed, lost or stolen, a new Security of the same
series containing identical terms and of like principal amount and bearing a
number not contemporaneously outstanding, with Coupons appertaining thereto
corresponding to the Coupons, if any, appertaining to such destroyed, lost or

       

       

      
        
          
          

        

        
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      stolen
Security or to the Security to which such destroyed, lost or stolen Coupon
appertains.

       

      Notwithstanding
the foregoing provisions of this Section 3.06, in case any mutilated, destroyed,
lost or stolen Security or Coupon has become or is about to become due and
payable, the Company in its discretion may, instead of issuing a new Security,
pay such Security or Coupon; provided, however, that payment of
principal of, any premium or interest on or any Additional Amounts with respect
to any Bearer Securities shall, except as otherwise provided in Section 10.02,
be payable only at an Office or Agency for such Securities located outside the
United States and, unless otherwise provided in or pursuant to this Indenture or
the related Series Authorization, any interest on Bearer Securities and any
Additional Amounts with respect to such interest shall be payable only upon
presentation and surrender of the Coupons appertaining thereto.

       

      Upon the
issuance of any new Security under this Section 3.06, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including the
fees and expenses of the Trustee and the fees and expenses of the Trustee’s
counsel) connected therewith.

       

      Every new
Security, with any Coupons appertaining thereto issued pursuant to this Section
3.06 in lieu of any destroyed, lost or stolen Security, or in exchange for a
Security to which a destroyed, lost or stolen Coupon appertains shall constitute
a separate obligation of the Company, whether or not the destroyed, lost or
stolen Security and Coupons appertaining thereto or the destroyed, lost or
stolen Coupon shall be at any time enforceable by anyone, and shall be entitled
to all the benefits of this Indenture equally and proportionately with any and
all other Securities of such series and any Coupons, if any, duly issued
hereunder.

       

      The
provisions of this Section 3.06, as amended or supplemented pursuant to this
Indenture with respect to particular Securities or generally, shall be exclusive
and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement or payment of mutilated, destroyed, lost or stolen
Securities or Coupons.

       

      Section
3.07.  Payment of Interest and
Certain Additional Amounts; Rights to Interest and Certain Additional Amounts
Preserved.  Unless otherwise provided in or pursuant to this
Indenture or the related Series Authorization, any interest on and any
Additional Amounts with respect to any Registered Security which shall be
payable, and are punctually paid or duly provided for, on any Interest Payment
Date shall be paid to the Person in whose name such Security (or one or more
Predecessor Securities) is registered as of the close of business on the Regular
Record Date for such interest.

       

       

      
        
          
          

        

        
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      Unless
otherwise provided in or pursuant to this Indenture or the related Series
Authorization, any interest on and any Additional Amounts with respect to any
Registered Security which shall be payable, but shall not be punctually paid or
duly provided for, on any Interest Payment Date for such Registered Security
(herein called “Defaulted
Interest”) shall forthwith cease to be payable to the Holder thereof 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 (a) or (b) below:

       

      (a) The
Company may elect to make payment of any Defaulted Interest to the Person in
whose name such Registered Security (or a Predecessor Security thereof) shall be
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest, which shall be fixed by the Company in the following
manner. The Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on such Registered Security, the Special
Record Date therefor 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 on or prior
to the date of the proposed payment, such money when so deposited to be held in
trust in a segregated trust account pursuant to express written instructions of
the Company for the benefit of the Person entitled to such Defaulted Interest as
in this Clause provided. The Special Record Date for the payment of such
Defaulted Interest 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
notification to the Trustee of the proposed payment. The Trustee shall, in the
name and at the expense of the Company, cause notice of the proposed payment of
such Defaulted Interest and the Special Record Date therefor to be mailed,
first-class postage prepaid, to the Holder of such Registered Security (or a
Predecessor Security thereof) at his address as it appears in the Security
Register not less than 10 days prior to such Special Record Date. If such
Defaulted Interest relates to Securities of a series that are issued as Bearer
Securities, the Trustee shall, in the name and at the expense of the Company
cause a similar notice to be published at least once in an Authorized Newspaper
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 Person in whose name such Registered
Security (or a Predecessor Security thereof) shall be registered at the close of
business on such Special Record Date and shall no longer be payable pursuant to
the following clause (b).

       

      (b) 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 such
Security may be listed, and upon such notice as may be 

       

       

      
        
          
          

        

        
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      required
by such exchange, if, after written notice given by the Company to the Trustee
of the proposed payment pursuant to this Clause, such payment shall be deemed
practicable by the Trustee.

       

      Unless
otherwise provided in or pursuant to this Indenture or the related Series
Authorization of any particular series pursuant to the provisions of this
Indenture, at the option of the Company, interest on Registered Securities that
bear interest may be paid by mailing a check to the address of the Person
entitled thereto as such address shall appear in the Security Register or by
wire transfer to an account maintained by the payee with a bank located in the
United States.

       

      Subject to
the foregoing provisions of this Section and Section 3.05, 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.

       

      In the
case of any Registered Security of any series that is convertible into shares of
Common Stock of the Company or exchangeable for other securities, which
Registered Security is converted or exchanged after any Regular Record Date and
on or prior to the next succeeding Interest Payment Date (other than any
Registered Security with respect to which the Stated Maturity is prior to such
Interest Payment Date), interest with respect to which the Stated Maturity is on
such Interest Payment Date shall be payable on such Interest Payment Date
notwithstanding such conversion or exchange, and such interest (whether or not
punctually paid or duly provided for) shall be paid to the Person in whose name
that Registered Security (or one or more predecessor Registered Securities) is
registered at the close of business on such Regular Record Date. Except as
otherwise expressly provided in the immediately preceding sentence, in the case
of any Registered Security which is converted or exchanged, interest with
respect to which the Stated Maturity is after the date of conversion or exchange
of such Registered Security shall not be payable.

       

      Section
3.08.  Persons Deemed
Owners.  Prior to due presentment of a Registered Security for
registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name such Registered Security is
registered in the Security Register as the owner of
such Registered Security for the purpose of receiving payment of principal of,
any premium and (subject to Sections 3.05 and 3.07) interest on and any
Additional Amounts with respect to such Registered Security and for all other
purposes whatsoever, whether or not any payment with respect to such Registered
Security shall be overdue, and none of the Company, the Trustee or any agent of
the Company or the Trustee shall be affected by notice to the
contrary.

         

        The
Company, the Trustee and any agent of the Company or the Trustee may treat the
bearer of any Bearer Security or the bearer of any Coupon as the

      

       

       

      
        
          
          

        

        
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      absolute
owner of such Security or Coupon for the purpose of receiving payment thereof or
on account thereof and for all other purposes whatsoever, whether or not any
payment with respect to such Security or Coupon shall be overdue, and none of
the Company, the Trustee or any agent of the Company or the Trustee shall be
affected by notice to the contrary.

       

      No Holder
of any beneficial interest in any global Security held on its behalf by a
Depository shall have any rights under this Indenture with respect to such
global Security, and such Depository may be treated by the Company, the Trustee,
and any agent of the Company or the Trustee as the owner of such global Security
for all purposes whatsoever. 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.

       

      Section
3.09.  Cancellation.  All
Securities and Coupons surrendered for payment, redemption, registration of
transfer, exchange or conversion or for credit against any sinking fund payment
shall, if surrendered to any Person other than the Trustee, be delivered to the
Trustee, and any such Securities and Coupons, as well as Securities and Coupons
surrendered directly to the Trustee for any such purpose, shall be cancelled
promptly by the Trustee. The Company may at any time deliver to the Trustee for
cancellation any Securities previously authenticated and delivered hereunder
which the Company may have acquired in any manner whatsoever, and all Securities
so delivered shall be cancelled promptly 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 or pursuant to this Indenture
or the related Series Authorization. All cancelled Securities and Coupons held
by the Trustee shall be disposed of by the Trustee in its customary manner and
the Trustee shall deliver a certificate of such disposition to the Company upon
its written request therefor, unless by a Company Order the Company directs that
the cancelled Securities and Coupons be returned to it.

       

      Section
3.10.  Computation of
Interest.  Except as otherwise provided in or pursuant to this
Indenture or the related Series Authorization, interest on the Securities shall
be computed on the basis of a 360-day year of twelve 30-day months.

       

      Section
3.11.  CUSIP
Numbers.  The Company in issuing the Securities may use
“CUSIP,” “CINS” and “ISIN” numbers (if then generally in use), and the Trustee
shall use CUSIP, CINS or ISIN numbers, as the case may be, in notices of
redemption or exchange as a convenience to Holders and no representation shall
be made as to the correctness of such numbers either as printed on the
Securities or as contained in any notice of redemption or exchange. The Company
shall 

       

       

      
        
          
          

        

        
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      promptly
notify the Trustee in writing of any change in CUSIP, CINS or ISIN
numbers.

       

       

      ARTICLE
4

      Satisfaction
and Discharge of Indenture

       

      Section
4.01.  Satisfaction and
Discharge.  Upon the direction of the Company by a Company
Order, this Indenture shall cease to be of further effect with respect to any
series of Securities specified in such Company Order and any Coupons
appertaining thereto, and the Trustee, on receipt of a Company Order, at the
expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture as to such series,
when

       

      (a) either

       

      (i) all
Securities of such series theretofore authenticated and delivered and all
Coupons appertaining thereto (other than (A) Coupons appertaining to Bearer
Securities of such series surrendered in exchange for Registered Securities of
such series and maturing after such exchange whose surrender is not required or
has been waived as provided in Section 3.05, (B) Securities and Coupons of such
series which have been destroyed, lost or stolen and which have been replaced or
paid as provided in Section 3.06, (C) Coupons appertaining to Securities of such
series called for redemption and maturing after the relevant Redemption Date
whose surrender has been waived as provided in Section 11.07, and (D) Securities
and Coupons of such series for whose payment money has theretofore been
deposited in trust or segregated and held in trust by the Company and thereafter
repaid to the Company or discharged from such trust, as provided in Section
10.03) have been delivered to the Trustee for cancellation; or

       

      (ii) all
Securities of such series and, in the case of (A) or (B) below, any Coupons
appertaining thereto not theretofore delivered to the Trustee for
cancellation

       

      (A) have
become due and payable,

       

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

       

      (C) if
redeemable at the option of the Company or pursuant to the operation of a
sinking fund, are to be called for redemption within one year under arrangements
satisfactory to the 

       

       

      
        
          
          

        

        
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      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 (A), (B) or (C) above, has deposited or caused to be
deposited with the Trustee as trust funds in trust for such purpose, money in
the Currency in which such Securities are payable in an amount sufficient to pay
and discharge the entire indebtedness on such Securities and any Coupons
appertaining thereto not theretofore delivered to the Trustee for cancellation,
including the principal of, any premium and interest on, and any Additional
Amounts with respect to such Securities and any Coupons appertaining thereto
(based upon applicable law as in effect on the date of such deposit), to the
date of such deposit (in the case of Securities which have become due and
payable) or to the Maturity thereof, as the case may be;

       

      (b) the
Company has paid or caused to be paid all other sums payable hereunder by the
Company with respect to the Outstanding Securities of such series and any
Coupons appertaining thereto; and

       

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

       

      In the
event there are Securities of two or more series hereunder, the Trustee shall be
required to execute an instrument acknowledging satisfaction and discharge of
this Indenture only if requested to do so with respect to Securities of such
series as to which it is Trustee and if the other conditions thereto are
met.

       

      Notwithstanding
the satisfaction and discharge of this Indenture with respect to any series of
Securities, the obligations of the Company to the Trustee under Section 6.06
and, if money shall have been deposited with the Trustee pursuant to subclause
(ii) of clause (a) of this Section, the obligations of the Company and the
Trustee with respect to the Securities of such series under Sections 3.05, 3.06,
4.03, 10.02 and 10.03, with respect to the payment of Additional Amounts, if
any, with respect to such Securities as contemplated by Section 10.04 (but only
to the extent that the Additional Amounts payable with respect to such
Securities exceed the amount deposited in respect of such Additional Amounts
pursuant to Section 4.01(a)(ii)), and with respect to any rights to convert or
exchange such Securities into Common Stock of the Company or other securities
shall survive such satisfaction and discharge.

       

      Section
4.02.  Defeasance and Covenant
Defeasance.  (a) Unless pursuant to Section 3.01, either or
both of (i) defeasance of the Securities of or within a series under clause (b)
of this Section 4.02 shall not be applicable with respect to the Securities of
such series or (ii) covenant defeasance of the Securities of or 

       

       

      
        
          
          

        

        
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      within a
series under clause (c) of this Section 4.02 shall not be applicable with
respect to the Securities of such series, then such provisions, together with
the other provisions of this Section 4.02 (with such modifications thereto as
may be specified pursuant to Section 3.01 with respect to any Securities), shall
be applicable to such Securities and any Coupons appertaining thereto, and the
Company may at its option by Board Resolution, at any time, with respect to such
Securities and any Coupons appertaining thereto, elect to have Section 4.02(b)
or Section 4.02(c) be applied to such Outstanding Securities and any Coupons
appertaining thereto upon compliance with the conditions set forth below in this
Section 4.02.

       

      (b) Upon the
Company’s exercise of the above option applicable to this Section 4.02(b) with
respect to any Securities of or within a series, the Company and the Guarantor
shall be deemed to have been discharged from its obligations with respect to
such Outstanding Securities and any Coupons appertaining thereto and under the
Guarantee in respect thereof, respectively, on the date the conditions set forth
in clause (d) of this Section 4.02 are satisfied (hereinafter, “defeasance”). For this
purpose, such defeasance means that the Company or the Guarantor shall be deemed
to have paid and discharged the entire Indebtedness represented by such
Outstanding Securities and any Coupons appertaining thereto, and under the
Guarantee in respect thereof, which shall thereafter be deemed to be
“Outstanding” only for the purposes of clause (e) of this Section 4.02 and the
other Sections of this Indenture referred to in clauses (i) and (ii) below, and
to have satisfied all of its other obligations under such Securities and any
Coupons appertaining thereto, and under the Guarantee in respect thereof, and
this Indenture insofar as such Securities and any Coupons appertaining thereto,
and the Guarantee in respect thereof, are concerned (and the Trustee, at the
expense of the Company and the Guarantor, shall execute proper instruments
provided to it acknowledging the same), except for the following which shall
survive until otherwise terminated or discharged hereunder: (i) the rights of
Holders of such Outstanding Securities and any Coupons appertaining thereto to
receive, solely from the trust fund described in clause (d) of this Section 4.02
and as more fully set forth in such clause, payments in respect of the principal
of (and premium, if any) and interest, if any, on, and Additional Amounts, if
any, with respect to, such Securities and any Coupons appertaining thereto when
such payments are due, and any rights of such Holder to convert such Securities
into Common Stock of the Company or exchange such Securities for securities of
the Guarantor or another issuer, (ii) the obligations of the Company, the
Guarantor and the Trustee with respect to such Securities under Sections 3.05,
3.06, 10.02 and 10.03 and with respect to the payment of Additional Amounts, if
any, on such Securities as contemplated by Section 10.04 (but only to the extent
that the Additional Amounts payable with respect to such Securities exceed the
amount deposited in respect of such Additional Amounts pursuant to Section
4.02(d)(i) below), and with respect to any rights to convert such Securities
into Common Stock of the 

       

       

      
        
          
          

        

        
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      Company or
exchange such Securities for securities of the Guarantor or another issuer,
(iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder
including, without limitation, the compensation, reimbursement and indemnities
provided in Section 6.06 herein and (iv) this Section 4.02. The Company may
exercise its option under this Section 4.02(b) notwithstanding the prior
exercise of its option under clause (c) of this Section 4.02 with respect to
such Securities and any Coupons appertaining thereto.

       

      (c) Upon the
Company’s exercise of the option to have this Section 4.02(c) apply with respect
to any Securities of or within a series, the Company and the Guarantor shall be
released from their obligations under any covenant applicable to such Securities
specified pursuant to Section 3.01(s), including any obligation to redeem or
repurchase such securities at the option of the Holder thereof, with respect to
such Outstanding Securities and any Coupons appertaining thereto, and the
Guarantee in respect thereof, on and after the date the conditions set forth in
clause (d) of this Section 4.02 are satisfied (hereinafter, “covenant defeasance”), and
such Securities and any Coupons appertaining thereto shall thereafter be deemed
to be not “Outstanding” for the purposes of any direction, waiver, consent or
declaration or Act of Holders (and the consequences of any thereof) in
connection with any such covenant, but shall continue to be deemed “Outstanding”
for all other purposes hereunder. For this purpose, such covenant defeasance
means that, with respect to such Outstanding Securities and any Coupons
appertaining thereto, the Company and the Guarantor may omit to comply with, and
shall have no liability in respect of, any term, condition or limitation set
forth in any such Section or such other covenant or obligation, whether directly
or indirectly, by reason of any reference elsewhere herein to any such Section
or such other covenant or obligation or by reason of reference in any such
Section or such other covenant or obligation to any other provision herein or in
any other document and such omission to comply shall not constitute a default or
an Event of Default under Section 5.01 but, except as specified above, the
remainder of this Indenture and such Securities and Coupons appertaining thereto
and the Guarantee in respect thereof shall be unaffected thereby.

       

      (d) The
following shall be the conditions to application of clause (b) or (c) of this
Section 4.02 to any Outstanding Securities of or within a series and any Coupons
appertaining thereto and the Guarantee in respect thereof:

       

      (i) The
Company or the Guarantor shall irrevocably have deposited or caused to be
deposited with the Trustee (or another trustee satisfying the requirements of
Section 6.07 who shall agree to comply with the provisions of this Section 4.02
applicable to it) as trust funds in trust for the purpose of making the
following payments, specifically pledged as security for, and dedicated solely
to, the benefit of the Holders of such Securities and any Coupons appertaining
thereto, (A) an amount in Dollars or in such Foreign Currency in which such
Securities and any Coupons 

       

       

      
        
          
          

        

        
          43

          
            

          

        

        
          
          

        

      

       

       

      appertaining
thereto are then specified as payable at Stated Maturity, or (B) Government
Obligations applicable to such Securities and Coupons appertaining thereto
(determined on the basis of the Currency in which such Securities and Coupons
appertaining thereto are then specified as payable at Stated Maturity) which
through the scheduled payment of principal and interest in respect thereof in
accordance with their terms will provide, not later than one day before the due
date of any payment with respect to such Securities and any Coupons appertaining
thereto, money in an amount, or (C) a combination thereof, in any case, in an
amount, sufficient, without consideration of any reinvestment of such principal
and interest, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the
Trustee, to pay and discharge, and which shall be applied by the Trustee (or
other qualifying trustee) to pay and discharge, (y) the principal of (and
premium, if any) and interest, if any, on, and any Additional Amounts with
respect to such Securities and Coupons appertaining thereto (based upon
applicable law as in effect on the date of such deposit), such Outstanding
Securities and any Coupons appertaining thereto at the Stated Maturity or
Redemption Date of such principal or installment of principal or premium or
interest and (z) any mandatory sinking fund payments or analogous payments
applicable to such Outstanding Securities and any Coupons appertaining thereto
on the days on which such payments are due and payable in accordance with the
terms of this Indenture and of such Securities and any Coupons appertaining
thereto and, if applicable, shall have made irrevocable arrangements
satisfactory to the Trustee for the redemption of any Securities to be redeemed
at the option of the Company in connection with such deposit.

       

      (ii) No Event
of Default or event which with notice or lapse of time or both would become an
Event of Default with respect to such Securities and any Coupons appertaining
thereto shall have occurred and be continuing on the date of such deposit (after
giving effect thereto) and, with respect to defeasance only, no event described
in Section 5.01(f) or 5.01(g) at any time during the period ending on the 91st
day after the date of such deposit (it being understood that this condition
shall not be deemed satisfied until the expiration of such period).

       

      (iii) Such
defeasance or covenant defeasance shall not result in a breach or violation of,
or constitute a default under, any material agreement or instrument (other than
this Indenture) to which the Company is a party or by which it is
bound.

       

      (iv) In the
case of an election under clause (b) of this Section 4.02 with respect to
Registered Securities and any Bearer Securities for which the Place of Payment
is within the United States, the Company or 

       

       

      
        
          
          

        

        
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      the
Guarantor shall have delivered to the Trustee an Opinion of Counsel stating that
(A) the Company or the Guarantor has received from the Internal Revenue Service
a letter ruling, or there has been published by the Internal Revenue Service a
Revenue Ruling, or (B) since the date of execution of this Indenture, there has
been a change in the applicable United States Federal income tax law, in either
case to the effect that, and based thereon such opinion shall confirm that, the
Holders of such Outstanding Securities and any Coupons appertaining thereto will
not recognize income, gain or loss for United States Federal income tax purposes
as a result of such defeasance and will be subject to United States Federal
income tax on the same amounts, in the same manner and at the same times as
would have been the case if such defeasance had not occurred.

       

      (v) In the
case of an election under clause (c) of this Section 4.02 with respect to
Registered Securities and any Bearer Securities for which the Place of Payment
is within the United States, the Company or the Guarantor shall have delivered
to the Trustee an Opinion of Counsel to the effect that the Holders of such
Outstanding Securities and any Coupons appertaining thereto will not recognize
income, gain or loss for United States Federal income tax purposes as a result
of such covenant defeasance and will be subject to United States Federal income
tax on the same amounts, in the same manner and at the same times as would have
been the case if such covenant defeasance had not occurred.

       

      (vi) With
respect to defeasance only, the Company or the Guarantor shall have delivered to
the Trustee an Opinion of Counsel to the effect that, after the 91st day after
the date of deposit, all money and Government Obligations (or other property as
may be provided pursuant to Section 3.01) (including the proceeds thereof)
deposited or caused to be deposited with the Trustee (or other qualifying
trustee) pursuant to this clause (d) to be held in trust will not be subject to
recapture or avoidance as a preference in any case or proceeding (whether
voluntary or involuntary) in respect of the Company or the Guarantor under any
Federal or State bankruptcy, insolvency, reorganization or other similar law, or
any decree or order for relief in respect of the Company or the Guarantor issued
in connection therewith (for which purpose such Opinion of Counsel may assume
that no Holder is an “insider”).

       

      (vii) With
respect to defeasance only, the Company and the Guarantor shall have delivered
to the Trustee an Officers’ Certificate and a Guarantor’s Officer’s Certificate
as to solvency and the absence of any intent of preferring the Holders over any
other creditors of the Company.

       

       

      
        
          
          

        

        
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      (viii) The
Company and the Guarantor shall have delivered to the Trustee an Officers’
Certificate and a Guarantor’s Officer’s Certificate and an Opinion of Counsel,
each stating that all conditions precedent to the defeasance or covenant
defeasance under clause (b) or (c) of this Section 4.02 (as the case may be)
have been complied with.

       

      (ix) Notwithstanding
any other provisions of this Section 4.02(d), such defeasance or covenant
defeasance shall be effected in compliance with any additional or substitute
terms, conditions or limitations which may be imposed on the Company or the
Guarantor in connection therewith pursuant to Section 3.01.

       

      (e) Unless
otherwise specified in or pursuant to this Indenture or any Series
Authorization, if, after a deposit referred to in Section 4.02(d)(i) has been
made, (i) the Holder of a Security in respect of which such deposit was made is
entitled to, and does, elect pursuant to Section 3.01 or the terms of such
Security to receive payment in a Currency other than that in which the deposit
pursuant to Section 4.02(d)(i) has been made in respect of such Security, or
(ii) a Conversion Event occurs in respect of the Foreign Currency in which the
deposit pursuant to Section 4.02(d)(i) has been made, the indebtedness
represented by such Security and any Coupons appertaining thereto shall be
deemed to have been, and will be, fully discharged and satisfied through the
payment of the principal of (and premium, if any), and interest, if any, on, and
Additional Amounts, if any, with respect to, such Security as the same becomes
due out of the proceeds yielded by converting (from time to time as specified
below in the case of any such election) the amount or other property deposited
in respect of such Security into the Currency in which such Security becomes
payable as a result of such election or Conversion Event based on (x) in the
case of payments made pursuant to clause (i) above, the applicable market
exchange rate for such Currency in effect on the second Local Business Day prior
to each payment date, or (y) with respect to a Conversion Event, the applicable
market exchange rate for such Foreign Currency in effect (as nearly as feasible)
at the time of the Conversion Event. “Local Business Day” means a
day on which commercial banks are open for business (including dealings in
foreign exchange) in the principal financial center of the Currency of such
payment.

       

      The
Company and the Guarantor (without duplication) shall pay and indemnify the
Trustee (or other qualifying trustee, collectively for purposes of this Section
Section 4.02(e) and Section 4.03, the “Trustee”) against any tax, fee
or other charge, imposed on or assessed against the Government Obligations
deposited pursuant to this Section 4.02 or the principal or interest received in
respect thereof other than any such tax, fee or other charge which by law is for
the account of the Holders of such Outstanding Securities and any Coupons
appertaining thereto.

       

       

      
        
          
          

        

        
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      Anything
in this Section 4.02 to the contrary notwithstanding, the Trustee shall deliver
or pay to the Company from time to time upon Company Request, or the Guarantor
upon Guarantor Request, as the case may be, any money or Government Obligations
(or other property and any proceeds therefrom) held by it as provided in clause
(d) of this Section 4.02 which, in the opinion of a nationally recognized firm
of independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof which would then
be required to be deposited to effect a defeasance or covenant defeasance, as
applicable, in accordance with this Section 4.02.

       

      Section
4.03.  Application of Trust
Money.  Subject to the provisions of the last paragraph of
Section 10.03, all money and Government Obligations (or other property as may be
provided pursuant to Section 3.01) (including the proceeds thereof) deposited
with the Trustee pursuant to Section 4.01 or 4.02 in respect of any Outstanding
Securities of any series and any Coupons appertaining thereto shall be held in
trust and applied by the Trustee, in accordance with the provisions of such
Securities and any Coupons appertaining thereto 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 and any Coupons appertaining thereto of all sums due and to
become due thereon in respect of principal (and premium, if any) and interest
and Additional Amounts, if any; but such money and Government Obligations need
not be segregated from other funds except to the extent required by
law.

       

      Section
4.04.  Reinstatement.  If
the Trustee or Paying Agent is unable to apply any money or Government
Obligations in accordance with Section 4.03 by reason of any legal proceeding or
by reason of any order or judgment of any court or governmental authority
enjoining, restraining or otherwise prohibiting such application, the Company’s
obligations under this Indenture and the Securities of the applicable series
shall be revived and reinstated as though no deposit had occurred pursuant to
Section 4.01 or 4.02, as the case may be, until such time as the Trustee or
Paying Agent is permitted to apply all such money or Government Obligations in
accordance with Section 4.03; provided, that, if the
Company has made any payment of principal of or interest on the Securities of
any series because of the reinstatement of its obligations, the Company shall be
subrogated to the rights of the Holders of such Securities to receive such
payment from the money or Government Obligations held by the Trustee or Paying
Agent.

       

       

      ARTICLE
5

      Remedies

       

      Section
5.01.  Events of
Default.  “Event of Default,” wherever
used herein with respect to Securities of any series, means any one of the
following events (whatever the reason for such Event of Default and whether it
shall be 

       

       

      
        
          
          

        

        
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      voluntary
or involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any
administrative or governmental body), unless such event is specifically deleted
or modified in or pursuant to the related Series Authorization:

       

      (a) default in
the payment of any interest on any Security of such series, or any Additional
Amounts payable with respect thereto, when such interest becomes or such
Additional Amounts become due and payable, and continuance of such default for a
period of 30 days; or

       

      (b) default in
the payment of the principal of or any premium on any Security of such series,
or any Additional Amounts payable with respect thereto, when such principal or
premium becomes or such Additional Amounts become due and payable either at
their Maturity, upon any redemption, by declaration of acceleration or
otherwise; or

       

      (c) default in
the performance, or breach, of any covenant or warranty of the Company or the
Guarantor in this Indenture or the Securities (other than a covenant or warranty
a default in the performance or the breach of which is elsewhere in this Section
specifically dealt with or which has been expressly included in this Indenture
solely for the benefit of a series of Securities other than such series), and
continuance of such default or breach for a period of 60 days after there has
been given, by registered or certified mail, (i) to the Company or the
Guarantor, as the case may be, by the Trustee or (ii) to the Company and the
Trustee, or the Guarantor and the Trustee, as the case may be, by the Holders of
at least 25% in principal amount of the Outstanding Securities of such series, a
written notice specifying such default or breach and requiring it to be remedied
and stating that such notice is a “Notice of Default” hereunder; or

       

      (d) if any
event of default as defined in any mortgage, indenture or instrument under which
there may be issued, or by which there may be secured or evidenced, any
Indebtedness of the Company or the Guarantor for borrowed money (other than
Indebtedness which is non-recourse to the Company or the Guarantor, as the case
may be) shall happen and shall consist of default in the payment of more than
$100,000,000 in principal amount of such Indebtedness when due (after giving
effect to any applicable grace period) or shall result in such Indebtedness in
principal amount in excess of $100,000,000 becoming or being declared due and
payable prior to the date on which it would otherwise become due and payable,
and such default shall not be cured or waived or such acceleration shall not be
rescinded or annulled within a period of 30 days after there shall have been
given, by registered or certified mail, (i) to the Company or the Guarantor, as
the case may be, by the Trustee or (ii) to the Company and the Trustee, or the
Guarantor and the Trustee, as the case may be, by the Holders of at least 25% in
principal amount of the Outstanding Securities of such series, a written notice
specifying such event of default and requiring the Company or the 

       

       

      
        
          
          

        

        
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      Guarantor,
as the case may be, to cause such default to be cured or waived or to cause such
acceleration to be rescinded or annulled or to cause such Indebtedness to be
discharged and stating that such notice is a “Notice of Default” hereunder;
or

       

      (e) the
Company or the Guarantor shall fail within 60 days to pay, bond or otherwise
discharge any uninsured judgment or court order for the payment of money in
excess of $100,000,000, which is not stayed on appeal or is not otherwise being
appropriately contested in good faith; or

       

      (f) the entry
by a court having competent jurisdiction of:

       

      (i) a decree
or order for relief in respect of the Company or the Guarantor in an involuntary
proceeding under any applicable bankruptcy, insolvency, reorganization (other
than a reorganization under a foreign law that does not relate to insolvency) or
other similar law and such decree or order shall remain unstayed and in effect
for a period of 60 consecutive days; or

       

      (ii) a decree
or order adjudging the Company or the Guarantor to be insolvent, or approving a
petition seeking reorganization (other than a reorganization under a foreign law
that does not relate to insolvency), arrangement, adjustment or composition of
the Company or the Guarantor and such decree or order shall remain unstayed and
in effect for a period of 60 consecutive days; or

       

      (iii) a final
and non-appealable order appointing a custodian, receiver, liquidator, assignee,
trustee or other similar official of the Company or the Guarantor or of any
substantial part of the property of the Company or the Guarantor, or ordering
the winding up or liquidation of the affairs of the Company or the Guarantor;
or

       

      (g) the
commencement by the Company or the Guarantor of a voluntary proceeding under any
applicable bankruptcy, insolvency, reorganization (other than a reorganization
under a foreign law that does not relate to insolvency) or other similar law or
of a voluntary proceeding seeking to be adjudicated insolvent or the consent by
the Company or the Guarantor to the entry of a decree or order for relief in an
involuntary proceeding under any applicable bankruptcy, insolvency,
reorganization or other similar law or to the commencement of any insolvency
proceedings against it, or the filing by the Company or the Guarantor of a
petition or answer or consent seeking reorganization, arrangement, adjustment or
composition of the Company or the Guarantor or relief under any applicable law,
or the consent by the Company or the Guarantor to the filing of such petition or
to the appointment of or taking possession by a custodian, receiver, liquidator,
assignee, trustee or similar official of the Company or the 

       

       

      
        
          
          

        

        
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      Guarantor
or any substantial part of the property of the Company or the Guarantor or the
making by the Company or the Guarantor of an assignment for the benefit of
creditors, or the taking of corporate action by the Company or the Guarantor in
furtherance of any such action; or

       

      (h) any other
or substitute Event of Default provided in or pursuant to this Indenture or the
related Series Authorization with respect to Securities of such
series.

       

      Section
5.02.  Acceleration of
Maturity; Rescission and Annulment.  If an Event of Default
with respect to Securities of any series at the time Outstanding (other than an
Event of Default specified in clause (f) or (g) of Section 5.01) occurs and is
continuing, then the Trustee or the Holders of not less than 25% in principal
amount of the Outstanding Securities of such series may declare the principal of
all the Securities of such series, to be due and payable immediately, by a
notice in writing to the Company (and to the Trustee if given by the Holders),
and upon any such declaration such principal shall become immediately due and
payable.

       

      If an
Event of Default specified in clause (f) or (g) of Section 5.01 occurs, all
unpaid principal of and accrued interest on the Outstanding Securities of that
series shall ipso facto become and be immediately due and payable without any
declaration or other act on the part of the Trustee or any Holder of any
Security of that series.

       

      At any
time after a declaration of acceleration with respect to the Securities of any
series has been made and before a judgment or decree for payment of the money
due has been obtained by the Trustee as hereinafter in this Article provided,
the Holders of not less than a majority in principal amount of the Outstanding
Securities of such series, by written notice to the Company or the Guarantor, as
the case may be, and the Trustee, may rescind and annul such declaration and its
consequences if

       

      (a) the
Company or the Guarantor have paid or deposited with the Trustee a sum of money
sufficient to pay

       

      (i) all
overdue installments of any interest on and Additional Amounts with respect to
all Securities of such series and any Coupon appertaining thereto,

       

      (ii) the
principal of and any premium on any Securities of such series which have become
due otherwise than by such declaration of acceleration and interest thereon and
any Additional Amounts with respect thereto at the rate or rates borne by or
provided for in such Securities,

       

       

      
        
          
          

        

        
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      (iii) to the
extent that payment of such interest or Additional Amounts is lawful, interest
upon overdue installments of any interest and Additional Amounts at the rate or
rates borne by or provided for in such Securities, and

       

      (iv) all sums
paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel and
all other amounts due the Trustee under Section 6.06; and

       

      (b) all Events
of Default with respect to Securities of such series, other than the non-payment
of the principal of, any premium and interest on, and any Additional Amounts
with respect to Securities of such series which shall have become due solely by
such declaration of acceleration, shall have been cured or waived as provided in
Section 5.13.

       

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

       

      Section
5.03.  Collection of
Indebtedness and Suits for Enforcement by Trustee.  The Company
covenants that if

       

      (a) default is
made in the payment of any installment of interest on or any Additional Amounts
with respect to any Security or any Coupon appertaining thereto when such
interest or Additional Amounts shall have become due and payable and such
default continues for a period of 30 days, or

       

      (b) default is
made in the payment of the principal of or any premium on any Security or any
Additional Amounts with respect thereto at their Maturity, the Company shall,
upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders
of such Securities and any Coupons appertaining thereto, the whole amount of
money then due and payable with respect to such Securities and any Coupons
appertaining thereto, with interest upon the overdue principal, any premium and,
to the extent that payment of such interest shall be legally enforceable, upon
any overdue installments of interest and Additional Amounts at the rate or rates
borne by or provided for in such Securities, and, in addition thereto, such
further amount of money as shall be sufficient to cover the costs and expenses
of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel and all other amounts due to
the Trustee under Section 6.06.

       

      If the
Company fails to pay the money it is required to pay the Trustee pursuant to the
preceding paragraph forthwith upon the demand of the Trustee, the Trustee, in
its own name and as trustee of an express trust, may institute a judicial
proceeding for the collection of the money so due and unpaid, and may

       

       

      
        
          
          

        

        
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      prosecute
such proceeding to judgment or final decree, and may enforce the same against
the Company and/or the Guarantor or any other obligor upon such Securities and
any Coupons appertaining thereto and collect the monies adjudged or decreed to
be payable in the manner provided by law out of the property of the Company
and/or the Guarantor or any other obligor upon such Securities and any Coupons
appertaining thereto, wherever situated.

       

      If an
Event of Default with respect to Securities of any series occurs and is
continuing, the Trustee may in its discretion proceed to protect and enforce its
rights and the rights of the Holders of Securities of such series and any
Coupons appertaining thereto by such appropriate judicial proceedings as the
Trustee shall deem necessary or advisable to protect and enforce any such
rights, whether for the specific enforcement of any covenant or agreement in
this Indenture or such Securities or in aid of the exercise of any power granted
herein or therein, or to enforce any other proper remedy.

       

      Section
5.04.  Trustee May File Proofs
of Claim.  In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to the Company and/or the
Guarantor or any other obligor upon the Securities of any series or the property
of the Company and/or the Guarantor or such other obligor or their creditors,
the Trustee (irrespective of whether the principal of the Securities shall then
be due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand on the Company
and/or the Guarantor for the payment of any overdue principal, premium, interest
or Additional Amounts) shall be entitled and empowered, to the extent permitted
by applicable law by intervention in such proceeding or otherwise,

       

      (a) to file
and prove a claim for the whole amount, or such lesser amount as may be provided
for in the Securities of any applicable series, of the principal and any
premium, interest and Additional Amounts owing and unpaid in respect of the
Securities and any Coupons appertaining thereto and to file such other papers or
documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents or counsel) and of the
Holders of Securities or any Coupons appertaining thereto allowed in such
judicial proceeding, and

       

      (b) to collect
and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

       

      and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each
Holder of Securities or any Coupons to make such payments to the Trustee and, in

       

       

      
        
          
          

        

        
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      the event
that the Trustee shall consent to the making of such payments directly to the
Holders of Securities or any Coupons, to pay to the Trustee any amount due to it
for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel and any other amounts due the Trustee under
Section 6.06.

       

      Nothing
herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder of a Security or any
Coupon any plan of reorganization, arrangement, adjustment or composition
affecting the Securities or Coupons or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder of a
Security or any Coupon in any such proceeding.

       

      Section
5.05.  Trustee May Enforce
Claims without Possession of Securities or Coupons. All rights of action
and claims under this Indenture or any of the Securities or Coupons may be
prosecuted and enforced by the Trustee without the possession of any of the
Securities or Coupons or the production thereof in any proceeding relating
thereto, and any such proceeding instituted by the Trustee shall be brought in
its own name as trustee of an express trust, and any recovery or judgment, after
provision for the payment of the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, shall be for
the ratable benefit of each and every Holder of the Securities or Coupons in
respect of which such judgment has been recovered.

       

      Section
5.06.  Application of Money
Collected.  Any money collected by the Trustee pursuant to this
Article shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money on account of
principal, or any premium, interest or Additional Amounts, upon presentation of
the Securities or Coupons, or both, as the case may be, and the notation thereon
of the payment if only partially paid and upon surrender thereof if fully
paid:

       

      First: To the payment of all
amounts due the Trustee and any predecessor Trustee under Section
6.06;

       

      Second: To the payment of the
amounts then due and unpaid upon the Securities and any Coupons for principal
and any premium, interest and Additional Amounts in respect of which or for the
benefit of which such money has been collected, ratably, without preference or
priority of any kind, according to the aggregate amounts due and payable on such
Securities and Coupons for principal and any premium, interest and Additional
Amounts, respectively;

       

      Third: The balance, if any,
to the Company, its successors or assigns or to whomsoever may be lawfully
entitled to receive the same or as a court of competent jurisdiction may
direct.

       

       

      
        
          
          

        

        
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      Section
5.07.  Limitations on
Suits.  No Holder of any Security of any series or any Coupons
appertaining thereto shall have any right to institute any proceeding, judicial
or otherwise, with respect to this Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless

       

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

       

      (b) the
Holders of not less than 25% in principal amount of the Outstanding Securities
of such series shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default in its own name as Trustee
hereunder;

       

      (c) such
Holder or Holders have offered to the Trustee such indemnity as is reasonably
satisfactory to it against the costs, expenses and liabilities to be incurred in
compliance with such request;

       

      (d) the
Trustee for 60 days after its receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and

       

      (e) no
direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of
the Outstanding Securities of such series;

       

      it being
understood and intended that no one or more of such Holders shall have any right
in any manner whatever by virtue of, or by availing of, any provision of this
Indenture or any Security to affect, disturb or prejudice the rights of any
other such Holders or Holders of Securities of any other series, or to obtain or
to seek to obtain priority or preference over any other Holders or to enforce
any right under this Indenture, except in the manner herein provided and for the
equal and ratable benefit of all such Holders.

       

      Section
5.08.  Unconditional Right of
Holders to Receive Principal and any Premium, Interest and Additional
Amounts.  Notwithstanding any other provision in this
Indenture, the Holder of any Security or Coupon shall have the right, which is
absolute and unconditional, to receive payment of the principal of, any premium
and (subject to Sections 3.05 and 3.07) interest on, and any Additional Amounts
with respect to such Security or payment of such Coupon, as the case may be, on
the respective Stated Maturity or Maturities therefor specified in such Security
or Coupon (or, in the case of redemption, on the Redemption Date or, in the case
of repayment at the option of such Holder if provided with respect to such
Security, on the date such repayment is due) and to institute suit for the
enforcement of any such payment, and such right shall not be impaired without
the consent of such Holder.

       

       

      
        
          
          

        

        
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      Section
5.09.  Restoration of Rights
and Remedies.  If the Trustee or any Holder of a Security or a
Coupon has instituted any proceeding to enforce any right or remedy under this
Indenture and such proceeding has been discontinued or abandoned for any reason,
or has been determined adversely to the Trustee or to such Holder, then and in
every such case the Company, the Guarantor, the Trustee and each such Holder
shall, subject to any determination in such proceeding, be restored severally
and respectively to their former positions hereunder, and thereafter all rights
and remedies of the Trustee and each such Holder shall continue as though no
such proceeding had been instituted.

       

      Section
5.10.  Rights and Remedies
Cumulative.  Except as otherwise provided with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities or
Coupons in the last paragraph of Section 3.06, no right or remedy herein
conferred upon or reserved to the Trustee or to each and every Holder of a
Security or a Coupon is intended to be exclusive of any other right or remedy,
and every right and remedy, to the extent permitted by law, shall be cumulative
and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment
of any right or remedy hereunder, or otherwise, shall not, to the extent
permitted by law, prevent the concurrent assertion or employment of any other
appropriate right or remedy.

       

      Section
5.11.  Delay or Omission Not
Waiver.  No delay or omission of the Trustee or of any Holder
of any Security or Coupon to exercise any right or remedy accruing upon any
Event of Default shall impair any such right or remedy or constitute a waiver of
any such Event of Default or an acquiescence therein. Every right and remedy
given by this Article or by law to the Trustee or to any Holder of a Security or
a Coupon may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by such Holder, as the case may be.

       

      Section
5.12.  Control by Holders of
Securities.  The Holders of a majority in principal amount of
the Outstanding Securities of any series shall have the right to direct the
time, method and place of conducting any proceeding for any remedy available to
the Trustee or exercising any trust or power conferred on the Trustee with
respect to the Securities of such series and any Coupons appertaining thereto,
provided
that

       

      (a) such
direction shall not be in conflict with any rule of law or with this Indenture
or with the Securities of such series,

       

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

       

       

      
        
          
          

        

        
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      (c) such
direction is not unduly prejudicial to the rights of the other Holders of
Securities of such series not joining in such action.

       

      Section
5.13.  Waiver of Past
Defaults.  Subject to Section 5.02, the Holders of not less
than a majority in principal amount of the Outstanding Securities of any series
on behalf of the Holders of all the Securities of such series and any Coupons
appertaining thereto may waive any past default hereunder with respect to such
series and its consequences, except a default

       

      (a) in the
payment of the principal of, any premium or interest on, or any Additional
Amounts with respect to, any Security of such series or any Coupons appertaining
thereto, or

       

      (b) in respect
of a covenant or provision hereof which under Article 9 cannot be modified or
amended without the consent of the Holder of each Outstanding Security of such
series affected.

       

      Upon any
such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other default or
impair any right consequent thereon.

       

      Section
5.14.  Waiver of Usury, Stay or
Extension Laws.  The Company covenants that (to the extent that
it may lawfully do so) it will not at any time insist upon, or plead, or in any
manner whatsoever claim or take the benefit or advantage of, any usury, stay or
extension law wherever enacted, now or at any time hereafter in force, which may
affect the covenants or the performance of this Indenture; and the Company
expressly waives (to the extent that it may lawfully do so) all benefit or
advantage of any such law and covenants that it will not hinder, delay or impede
the execution of any power herein granted to the Trustee, but will suffer and
permit the execution of every such power as though no such law had been
enacted.

       

      Section
5.15.  Undertaking for
Costs.  All parties to this Indenture agree, and each Holder of
any Security by his acceptance thereof shall be deemed to have agreed, that any
court may in its discretion require, in any suit for the enforcement of any
right or remedy under this Indenture, or in any suit against the Trustee for any
action taken or omitted by it as Trustee, the filing by any party litigant in
such suit of any 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 5.15 shall not apply to any suit instituted
by the Trustee, to any suit instituted by any Holder, or group of Holders,
holding in the aggregate more than 10% in principal amount of Outstanding
Securities of any 

       

       

      
        
          
          

        

        
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      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, if any, on or Additional Amounts,
if any, with respect to any Security on or after the respective Stated
Maturities expressed in such Security (or, in the case of redemption, on or
after the Redemption Date, and, in the case of repayment or repurchase, on or
after the date for repayment or repurchase) or for the enforcement of the right,
if any, to convert or exchange any Security into Common Stock or other
securities in accordance with its terms.

       

       

      ARTICLE
6

      The
Trustee

       

      Section
6.01.  Certain Rights of
Trustee.  Subject to Sections 315(a) through 315(d) of the
Trust Indenture Act:

       

      (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,
note, coupon or other paper or document reasonably 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 a Company Order (in each case, other than
delivery of any Security, together with any Coupons appertaining thereto, to the
Trustee for authentication and delivery pursuant to Section 3.03 which shall be
sufficiently evidenced as provided therein) 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 shall be herein
specifically prescribed) may, in the absence of bad faith on its part, rely upon
an Officers’ Certificate;

       

      (d) the
Trustee may consult with counsel of its selection and the written 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 or pursuant to this Indenture or the related Series
Authorization at the request or direction of any of the Holders of Securities of
any series or any Coupons appertaining thereto pursuant to this Indenture,
unless such Holders shall have offered to the Trustee such security or indemnity
as is 

       

       

      
        
          
          

        

        
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      reasonably
satisfactory to it against the costs, expenses and liabilities which might be
incurred by it in compliance 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, coupon or other
paper or document, but the Trustee, in its discretion, may but shall not be
obligated to 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, during
business hours and upon reasonable notice, the books, records and premises of
the Company, personally or by agent or attorney;

       

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

       

      (h) the
Trustee shall not be liable for any action taken or error of judgment made in
good faith by a Responsible Officer or Responsible Officers of the Trustee,
unless it shall be proved that the Trustee was negligent, acted in bad faith or
engaged in willful misconduct;

       

      (i) the
Authenticating Agent, Paying Agent, and Security Registrar shall have the same
protections as the Trustee set forth hereunder;

       

      (j) the
Trustee shall not be liable (including, without limitation, for consequential
damages) with respect to any action taken, suffered or omitted to be taken by it
in good faith in accordance with an Act of the Holders hereunder, and, to the
extent not so provided herein, with respect to any act requiring the Trustee to
exercise its own discretion, 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 or any
Securities, unless it shall be proved that, in connection with any such action
taken, suffered or omitted or any such act, the Trustee was negligent, acted in
bad faith or engaged in willful misconduct;

       

      (k) the
Trustee is not responsible to see that the Company or any other Person is
maintaining any insurance required by the Indenture;

       

      (l) the
Trustee shall not be responsible for the recording, rerecording, filing of UCC
Statements or UCC Continuation Statements;

       

       

      
        
          
          

        

        
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      (m) 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 any certificates or opinions furnished to the Trustee which conform to the
requirements of the Indenture;

       

      (n) Except
during the continuance of an Event of Default, the Trustee undertakes to perform
such duties and only such duties as are specifically set forth in this Indenture
and no implied covenants or obligations shall be read into this Indenture
against the Trustee;

       

      (o) Except as
expressly required by the terms of this Indenture, none of the provisions of
this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur any liability, financial or otherwise, in the performance of any
of its duties hereunder, or in the exercise of any of its rights or powers if it
shall have reasonable grounds for believing that repayment of such funds or
indemnity satisfactory to it against such risk or liability is not assured to
it;

       

      (p) In case an
Event of Default has occurred and is continuing, the Trustee shall exercise such
of the rights and powers vested in it by this Indenture, and use the same degree
of care and skill in their exercise, as a prudent person would exercise or use
under the circumstances in the conduct of his own affairs; and

       

      (q) The
Trustee shall not be charged with knowledge of any default or Event of Default
(except in the case of a default in the payment of principal of or interest on
any Security) with respect to the Securities of any series unless either (i) a
Responsible Officer of the Trustee shall have actual knowledge of such default
or Event of Default or (ii) written notice of such default or Event of Default
shall have been given to the Trustee by the Company or any Holder of the
Securities of any series.

       

      Section
6.02.  Notice of
Defaults.  Within 90 days after the occurrence of any default
hereunder with respect to the Securities of any series, the Trustee shall
transmit by mail to all Holders of Securities of such series entitled to receive
reports pursuant to Section 7.03(c), notice of such default hereunder actually
known to a Responsible Officer of the Trustee, unless such default shall have
been cured or waived; provided, however, that, except in the
case of a default in the payment of the principal of (or premium, if any), or
interest, if any, on, or Additional Amounts or any sinking fund or purchase fund
installment with respect to, any Security of such series, the Trustee shall be
protected in withholding such notice if and so long as the board of directors,
the executive committee or a trust committee of directors and/or Responsible
Officers of the Trustee in good faith determine that the withholding of such
notice is in the best interest of the Holders of Securities and Coupons of such
series; and provided,
further, that in the
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      with
respect to Securities of such series, no such notice to Holders shall be given
until at least 30 days after the occurrence thereof. For the purpose of this
Section, the term “default” means any event which is, or after notice or lapse
of time or both would become, an Event of Default with respect to Securities of
such series.

       

      Section
6.03.  Not Responsible for
Recitals or Issuance of Securities.  The recitals contained
herein and in the Securities, except the Trustee’s certificate of
authentication, and in any Coupons shall be taken as the statements of the
Company and neither the Trustee nor any Authenticating Agent assumes any
responsibility for their correctness. The Trustee makes no representations as to
the validity or sufficiency of this Indenture or of the Securities or the
Coupons. Neither the Trustee nor any Authenticating Agent shall be accountable
for the use or application by the Company of the Securities or the proceeds
thereof.

       

      Section
6.04.  May Hold
Securities.  The Trustee, any Authenticating Agent, any Paying
Agent, any Security Registrar or any other Person that may be an agent of the
Trustee or the Company, in its individual or any other capacity, may become the
owner or pledgee of Securities or Coupons and, subject to Sections 310(b) and
311 of the Trust Indenture Act, may otherwise deal with the Company with the
same rights it would have if it were not the Trustee, Authenticating Agent,
Paying Agent, Security Registrar or such other Person.

       

      Section
6.05.  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 and shall be
held uninvested. The Trustee shall be under no liability for interest on any
money received by it hereunder except as otherwise agreed to in writing with the
Company.

       

      Section
6.06.  Compensation,
Reimbursement and Indemnification.  The Company
agrees:

       

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

       

      (b) except as
otherwise expressly provided herein, to reimburse the Trustee upon its request
for all expenses, disbursements and advances reasonably incurred or made by the
Trustee in accordance with any provision of this Indenture or arising out of or
in connection with the acceptance or administration of the trust or trusts
hereunder (including the reasonable compensation and the expenses and
disbursements of its agents and counsel), except any such expense, disbursement
or advance as shall have been caused by the Trustee’s negligence, or willful
misconduct; and

       

       

      
        
          
          

        

        
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      (c) to
indemnify the Trustee and its agents, officers, directors and employees for, and
to hold them harmless against, any loss, claim, damage, liability or expense
incurred, arising out of or in connection with the acceptance or administration
of the trust or trusts hereunder, including the costs and expenses of defending
themselves against any claim or liability in connection with the exercise or
performance of any of their powers or duties hereunder, except to the extent
that any such loss, liability or expense shall be determined to have been caused
by the Trustee’s negligence or willful misconduct.

       

      As
security for the performance of the obligations of the Company under this
Section, the Trustee shall have a lien prior to the Securities of any series
upon all property and funds held or collected by the Trustee as such, except
funds held in trust for the payment of principal of, and premium or interest on
or any Additional Amounts with respect to Securities or any Coupons appertaining
thereto.

       

      To the
extent permitted by law, any compensation or expense incurred by the Trustee
(including the fees and expenses of its counsel) after a default specified in or
pursuant to Section 5.01 is intended to constitute an expense of administration
under any then applicable bankruptcy or insolvency law. “Trustee” for purposes
of this Section 6.06 shall include any predecessor Trustee but the negligence or
bad faith of any Trustee shall not affect the rights of any other Trustee under
this Section 6.06.

       

      The
provisions of this Section 6.06 shall survive the satisfaction and discharge of
this Indenture or the earlier resignation or removal of the Trustee and shall
apply with equal force and effect to the Trustee in its capacity as
Authenticating Agent, Paying Agent or Security Registrar.

       

      Section
6.07.  Corporate Trustee
Required; Eligibility.  There shall at all times be a Trustee
hereunder that is a Corporation organized and doing business under the laws of
the United States of America, any state thereof or the District of Columbia,
that is eligible under Section 310(a)(1) of the Trust Indenture Act to act as
trustee under an indenture qualified under the Trust Indenture Act and that has
a combined capital and surplus (computed in accordance with Section 310(a)(2) of
the Trust Indenture Act) of at least $50,000,000, and that is subject to
supervision or examination by Federal or state authority. 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
hereinafter specified in this Article.

       

      Section
6.08.  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
pursuant to Section 6.09.

       

       

      
        
          
          

        

        
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      (b) The
Trustee may resign at any time with respect to the Securities of one or more
series by giving written notice thereof to the Company. If the instrument of
acceptance by a successor Trustee required by Section 6.09 shall not have been
delivered to the Trustee within 90 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 such series.

       

      (c) The
Trustee may be removed at any time with respect to the Securities of any series
by Act of the Holders of a majority in principal amount of the Outstanding
Securities of such series, delivered to the Trustee and the
Company.  If the instrument of acceptance by a successor Trustee
required by Section 6.09 shall not have been delivered to the Trustee within 90
days after the giving of such notice of removal, the removed Trustee may
petition at the expense of the Company any court of competent jurisdiction for
the appointment of a successor Trustee with respect to such series.

       

      (d) If at any
time:

       

      (i) the
Trustee shall fail to comply with the obligations imposed upon it under Section
310(b) of the Trust Indenture Act with respect to Securities of any series after
written request therefor by the Company or any Holder of a Security of such
series who has been a bona fide Holder of a Security of such series for at least
six months, or

       

      (ii) the
Trustee shall cease to be eligible under Section 6.07 and shall fail to resign
after written request therefor by the Company or any such Holder,
or

       

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

       

      then, in
any such case, (i) the Company, by or pursuant to a Board Resolution, may remove
the Trustee with respect to all Securities or the Securities of such series, or
(ii) subject to Section 315(e) of the Trust Indenture Act, any Holder of a
Security 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 removal of the Trustee with
respect to all Securities of such series and the appointment of a successor
Trustee or Trustees.

       

      (e) If the
Trustee shall resign, be removed or become incapable of acting, or if a vacancy
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      respect to
the Securities of one or more series, the Company, by or pursuant to a Board
Resolution, shall promptly appoint a successor Trustee or Trustees with respect
to the Securities of such series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of
such series and that at any time there shall be only one Trustee with respect to
the Securities of any particular series) and shall comply with the applicable
requirements of Section 6.09. If, within one year after such resignation,
removal or incapacity, 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 in
accordance with the applicable requirements of Section 6.09, become the
successor Trustee with respect to the Securities of such series and to that
extent supersede the successor Trustee appointed by the Company. If no successor
Trustee with respect to the Securities of any series shall have been so
appointed by the Company or the Holders of Securities and accepted appointment
in the manner required by Section 6.09, any Holder of a Security 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 Registered
Securities, if any, of such series as their names and addresses appear in the
Security Register and, if Securities of such series are issued as Bearer
Securities, by publishing notice of such event once in an Authorized Newspaper
in each Place of Payment located outside the United States. 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.

       

      (g) In no
event shall any retiring Trustee be liable for the acts or omissions of any
successor Trustee hereunder.

       

      Section
6.09.  Acceptance of
Appointment by Successor.  (a) Upon the appointment hereunder
of any successor Trustee with respect to all Securities, such successor Trustee
so appointed shall execute, acknowledge and deliver to the Company and 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 hereunder of the retiring
Trustee; but, on the written request of the Company or such successor Trustee,
such retiring Trustee, upon payment of its charges, shall execute and

       

       

      
        
          
          

        

        
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      deliver an
instrument transferring to such successor Trustee all the rights, powers and
trusts of the retiring Trustee and, subject to Section 10.03, shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder, subject nevertheless to its claim, if any,
provided for in Section 6.06.

       

      (b) Upon the
appointment hereunder of any successor Trustee with respect to the Securities of
one or more (but not all) series, the Company, the retiring Trustee and such
successor Trustee shall execute and deliver an indenture supplemental hereto
wherein each successor Trustee shall accept such appointment and which (i) shall
contain such provisions as shall be necessary or desirable to transfer and
confirm to, and to vest in, such successor Trustee all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that
or those series to which the appointment of such successor Trustee relates, (ii)
if the retiring Trustee is not retiring with respect to all Securities, shall
contain such provisions as shall be deemed necessary or desirable to confirm
that all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series as to which the retiring
Trustee is not retiring shall continue to be vested in the retiring Trustee, and
(iii) 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, that each such 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 and that no Trustee shall be responsible for any notice
given to, or received by, or any act or failure to act on the part of any other
Trustee hereunder, and, upon the execution and delivery of such supplemental
indenture, the resignation or removal of the retiring Trustee shall become
effective to the extent provided therein, such retiring Trustee shall have no
further responsibility for the exercise of rights and powers or for the
performance of the duties and obligations vested in the Trustee under this
Indenture with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates other than as hereinafter
expressly set forth, 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 with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates; but, on
written request of the Company or such successor Trustee, such retiring Trustee,
upon payment of its charges with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates and subject to
Section 10.3 shall duly assign, transfer and deliver to such successor Trustee,
to the extent contemplated by such supplemental indenture, the property and
money held by such retiring Trustee hereunder with respect to the Securities of
that or those 

       

       

      
        
          
          

        

        
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      series to
which the appointment of such successor Trustee relates, subject to its claim,
if any, provided for in Section 6.06.

       

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

       

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

       

      Section
6.10.  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 agency or corporate
trust business of the Trustee, shall be the successor of the Trustee hereunder,
without the execution or filing of any paper or any further act on the part of
any of the parties hereto. In case any Securities shall have been authenticated
but not delivered by the Trustee then in office, any successor by merger,
conversion or consolidation to such authenticating Trustee may adopt such
authentication and deliver the Securities so authenticated with the same effect
as if such successor Trustee had itself authenticated such
Securities.

       

      Section
6.11.  Appointment of
Authenticating Agent.  The Trustee may appoint one or more
Authenticating Agents acceptable to the Company with respect to one or more
series of Securities which shall be authorized to act on behalf of the Trustee
to authenticate Securities of that or those series issued upon original issue,
exchange, registration of transfer, partial redemption or partial repayment 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 must be acceptable to the Company and, except as provided
in or pursuant to this Indenture or the related Series Authorization, shall at
all times be a Corporation that would be permitted by the Trust Indenture Act to
act as trustee under an indenture qualified under the Trust Indenture Act, is
authorized under applicable law and by its charter to act as an 

       

       

      
        
          
          

        

        
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      Authenticating
Agent and has a combined capital and surplus (computed in accordance with
Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If at any
time an Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, it 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 all or substantially all of the corporate
agency or corporate trust business of an Authenticating Agent, shall be the
successor of such Authenticating Agent hereunder, provided such Corporation
shall be otherwise eligible under this Section, 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 resign at any time by giving written notice thereof to
the Trustee and the Company. The Trustee may at any time terminate the agency of
an Authenticating Agent by giving written notice thereof to such Authenticating
Agent and 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 (i) mail written notice of such appointment by first-class
mail, postage prepaid, to all Holders of Registered Securities, if any, of the
series with respect to which such Authenticating Agent shall serve, as their
names and addresses appear in the Security Register, and (ii) if Securities of
the series are issued as Bearer Securities, publish notice of such appointment
at least once in an Authorized Newspaper in the place where such successor
Authenticating Agent has its principal office if such office is located outside
the United States. 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. No successor Authenticating Agent shall be appointed
unless eligible under the provisions of this Section.

       

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

       

      The
provisions of Section 3.08, Section 6.03 and Section 6.04 shall be applicable to
each Authenticating Agent.

       

      If an
Authenticating Agent is appointed with respect to one or more series of
Securities pursuant to this Section, the Securities of such series may have
endorsed thereon, in addition to or in lieu of the Trustee’s certificate of

       

       

      
        
          
          

        

        
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      authentication,
an alternate certificate of authentication in substantially the following
form:

       

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

       

      THE BANK
OF NEW YORK, as Trustee

       

      By:__________________________________

           as
Authenticating Agent

       

      By:__________________________________

           as
Authorized Officer

       

      If all of
the Securities of any series may not be originally issued at one time, and if
the Trustee does not have an office capable of authenticating Securities upon
original issuance located in a Place of Payment where the Company wishes to have
Securities of such series authenticated upon original issuance, the Trustee, if
so requested in writing (which writing need not be accompanied by or contained
in an Officers’ Certificate by the Company), shall appoint in accordance with
this Section an Authenticating Agent having an office in a Place of Payment
designated by the Company with respect to such series of
Securities.

       

       

      ARTICLE
7

      Holders
Lists and Reports by Trustee and Company

       

      Section
7.01.  Company to Furnish
Trustee Names and Addresses of Holders.  In accordance with
Section 312(a) of the Trust Indenture Act, the Company shall furnish or cause to
be furnished to the Trustee

       

      (a) semi-annually
with respect to Securities of each series not later than May 1 and November 1 of
the year or upon such other dates as are set forth in or pursuant to the Board
Resolution or indenture supplemental hereto authorizing such series, a list, in
each case in such form as the Trustee may reasonably require, of the names and
addresses of Holders as of the applicable 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,

       

      provided, however, that so long as the
Trustee is the Security Registrar no such list shall be required to be
furnished.

       

       

      
        
          
          

        

        
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      Section
7.02.  Preservation of
Information; Communications to Holders.  The Trustee shall
comply with the obligations imposed upon it pursuant to Section 312 of the Trust
Indenture Act.

       

      Every
Holder of Securities or Coupons, by receiving and holding the same, agrees with
the Company and the Trustee that none of the Company, the Trustee, any Paying
Agent or 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
of Securities in accordance with Section 312(c) of the Trust Indenture Act,
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 312(b) of the Trust Indenture Act.

       

      Section
7.03.  Reports by
Trustee.  (a) Within 60 days after May 15 of each year
commencing with May 15, 2009, if required by Section 313(a) of the Trust
Indenture Act, the Trustee shall transmit, pursuant to Section 313(c) of the
Trust Indenture Act, a brief report dated as of such May 15 with respect to any
of the events specified in said Section 313(a) which may have occurred since the
later of the immediately preceding May 15 and the date of this
Indenture.

       

      (b) The
Trustee shall transmit the reports required by Section 313(a) of the Trust
Indenture Act at the times specified therein.

       

      (c) Reports
pursuant to this Section shall be transmitted in the manner and to the Persons
required by Sections 313(c) and 313(d) of the Trust Indenture Act.

       

      Section
7.04.  Reports by
Company.  The Company, pursuant to Section 314(a) of the Trust
Indenture Act, shall:

       

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

       

       

      
        
          
          

        

        
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      (b) 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

       

      (c) transmit
within 30 days after the filing thereof with the Trustee, in the manner and to
the extent provided in Section 313(c) of the Trust Indenture Act, such summaries
of any information, documents and reports required to be filed by the Company
pursuant to paragraphs (a) and (b) of this Section as may be required by rules
and regulations prescribed from time to time by the Commission.

       

      (d) Delivery
of such reports, information and documents to the Trustee is for information
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 conclusively
rely exclusively on an Officer’s Certificate).

       

       

      ARTICLE
8

      Consolidation,
Amalgamations, Merger and Sales

       

      Section
8.01.  Company May Consolidate,
Etc., Only on Certain Terms.  The Company shall not consolidate
or amalgamate with or merge into any other Person (whether or not affiliated
with the Company), or convey, transfer or lease its properties and assets as an
entirety or substantially as an entirety to any other Person (whether or not
affiliated with the Company), and the Company shall not permit any other Person
(whether or not affiliated with the Company) to consolidate or amalgamate with
or merge into the Company or convey, transfer or lease its properties and assets
as an entirety or substantially as an entirety to the Company;
unless:

       

      (a) in case
the Company shall consolidate or amalgamate with or merge into another Person or
convey, transfer or lease its properties and assets as an entirety or
substantially as an entirety to any Person, the Person formed by such
consolidation or amalgamation 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 as an entirety or substantially as an entirety shall be a
Corporation organized and existing under the laws of the United States of
America, any state thereof or the District of Columbia, Bermuda, or any other
country which is on the date of this Indenture a member of the Organization of
Economic Cooperation and Development, and shall expressly assume, by an
indenture (or indentures, if at such time there is more than one Trustee)
supplemental hereto, executed by the successor Person and delivered to the

       

       

      
        
          
          

        

        
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      Trustee
the due and punctual payment of the principal of, any premium and interest on
and any Additional Amounts with respect to all the Securities and the
performance of every obligation in this Indenture and the Outstanding Securities
on the part of the Company to be performed or observed and shall provide for
conversion or exchange rights in accordance with the provisions of the
Securities of any series that are convertible or exchangeable into Common Stock
or other securities;

       

      (b) immediately
after giving effect to such transaction and treating any indebtedness which
becomes an obligation of the Company as a result of such transaction as having
been incurred by the Company at the time of such transaction, no Event of
Default with respect to the Company, or event which, after notice or lapse of
time, or both, would become an Event of Default with respect to the Company,
shall have occurred and be continuing; and

       

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

       

      Section
8.03.  Guarantor May
Consolidate, Etc., Only on Certain Terms.  The Guarantor shall
not consolidate or amalgamate with or merge into any other Person (whether or
not affiliated with the Guarantor), or convey, transfer or lease its properties
and assets as an entirety or substantially as an entirety to any other Person
(whether or not affiliated with the Guarantor), and the Guarantor shall not
permit any other Person (whether or not affiliated with the Guarantor) to
consolidate or amalgamate with or merge into the Guarantor or convey, transfer
or lease its properties and assets as an entirety or substantially as an
entirety to the Guarantor; unless:

       

       

      
        
          
          

        

        
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      (a) in case
the Guarantor shall consolidate or amalgamate with or merge into another Person
or convey, transfer or lease its properties and assets as an entirety or
substantially as an entirety to any Person, the Person formed by such
consolidation or amalgamation or into which the Guarantor is merged or the
Person which acquires by conveyance or transfer, or which leases, the properties
and assets of the Guarantor as an entirety or substantially as an entirety shall
be a Corporation organized and existing under the laws of the United States of
America, any state thereof or the District of Columbia, Bermuda, or any other
country which is on the date of this Indenture a member of the Organization of
Economic Cooperation and Development, and shall expressly assume, by an
indenture (or indentures, if at such time there is more than one Trustee)
supplemental hereto, executed by the successor Person and the Company and
delivered to the Trustee the due and punctual payment of the principal of, any
premium and interest (including any Additional Interest) on and any Additional
Amounts with respect to all the Securities and the performance of every
obligation in this Indenture and the Outstanding Securities on the part of the
Guarantor to be performed or observed and shall provide for conversion or
exchange rights in accordance with the provisions of the Securities of any
series that are convertible or exchangeable into Common Stock or other
securities;

       

      (b) immediately
after giving effect to such transaction and treating any indebtedness which
becomes an obligation of the Guarantor or a Subsidiary as a result of such
transaction as having been incurred by the Guarantor or such Subsidiary at the
time of such transaction, no Event of Default with respect to the Guarantor, or
event which, after notice or lapse of time, or both, would become an Event of
Default with respect to the Guarantor, shall have occurred and be
continuing;

       

      (c) either the
Guarantor or the successor Person shall have delivered to the Trustee a
Guarantor’s Officer’s 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
8.04.  Successor Person
Substituted for Guarantor.  Upon any consolidation or
amalgamation by the Guarantor with or merger of the Guarantor into any other
Person or any conveyance, transfer or lease of the properties and assets of the
Guarantor substantially as an entirety to any Person in accordance with Section
8.03, the successor Person formed by such consolidation or amalgamation or into
which the Guarantor 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 Guarantor under this Indenture with the same effect as if such
successor Person had been named as the Guarantor herein; and thereafter, except
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      be
released from all obligations and covenants under this Indenture, the Securities
and the Coupons.

       

       

      ARTICLE
9

      Supplemental
Indentures

       

      Section
9.01.  Supplemental Indentures
Without Consent of Holders.  Without the consent of any Holders
of Securities or Coupons, the Company (when authorized by or pursuant to a Board
Resolution), the Guarantor (when authorized by or pursuant to a Board Resolution
by the Guarantor’s Board of Directors) and the Trustee, at any time and from
time to time, may enter into one or more indentures supplemental hereto, for any
of the following purposes:

       

      (a) to
evidence the succession of another Person to the Company and/or the Guarantor,
and the assumption by any such successor of the covenants of the Company
contained herein and in the Securities; or

       

      (b) to add to
the covenants of the Company and/or the Guarantor for the benefit of the Holders
of all or any series of Securities (as shall be specified in such supplemental
indenture or indentures) or to surrender any right or power herein conferred
upon the Company and/or the Guarantor; or

       

      (c) to add to
or change any of the provisions of this Indenture to provide that Bearer
Securities may be registrable as to principal, to change or eliminate any
restrictions on the payment of principal of, any premium or interest on or any
Additional Amounts with respect to Securities, to permit Bearer Securities to be
issued in exchange for Registered Securities, to permit Bearer Securities to be
exchanged for Bearer Securities of other authorized denominations or to permit
or facilitate the issuance of Securities in uncertificated form, provided any such action
shall not adversely affect the interests of the Holders of Outstanding
Securities of any series or any Coupons appertaining thereto in any material
respect; or

       

      (d) to
establish the forms or terms of Securities of any series and any Coupons
appertaining thereto as permitted by Sections 2.01 and 3.01; or

       

      (e) 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 6.09; or

       

      (f) to cure
any ambiguity or to correct or supplement any provision herein which may be
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      to make
any other provisions with respect to matters or questions arising under this
Indenture which shall not adversely affect the interests of the Holders of
Securities of any series then Outstanding or any Coupons appertaining thereto in
any material respect; or

       

      (g) to add to,
delete from or revise the conditions, limitations and restrictions on the
authorized amount, terms or purposes of issue, authentication and delivery of
Securities, as herein set forth; or

       

      (h) to add any
additional Events of Default with respect to all or any series of Securities (as
shall be specified in such supplemental indenture); or

       

      (i) to
supplement any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of any series of
Securities pursuant to Article 4, provided that any such action
shall not adversely affect the interests of any Holder of an Outstanding
Security of such series and any Coupons appertaining thereto or any other
Outstanding Security or Coupon in any material respect; or

       

      (j) to make
provisions with respect to conversion or exchange rights of Holders of
Securities of any series; or

       

      (k) to amend
or supplement any provision contained herein or in any supplemental indenture,
provided that no such
amendment or supplement shall materially adversely affect the interests of the
Holders of any Securities then Outstanding.

       

      Section
9.02.  Supplemental Indentures
with Consent of Holders.  With the consent of the Holders of
not less than a majority in principal amount of the Outstanding Securities of
each series affected by such supplemental indenture, by Act of said Holders
delivered to the Company and the Trustee, the Company (when authorized by or
pursuant to a Company’s Board Resolution), the Guarantor (when authorized
pursuant to a Board Resolution of the Guarantor’s Board of Directors) and the
Trustee may enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Indenture or of modifying in any manner the rights of
the Holders of Securities of such series under this Indenture or of the
Securities of such series; provided, however, that no such
supplemental indenture, without the consent of the Holder of each Outstanding
Security affected thereby, shall

       

      (a) change the
Stated Maturity of the principal of, or any premium or installment of interest
on or any Additional Amounts with respect to, any Security, or reduce the
principal amount thereof (or modify the calculation of such principal amount) or
the rate (or modify the calculation of such rate) of interest thereon or

       

       

      
        
          
          

        

        
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      any
Additional Amounts with respect thereto, or any premium payable upon the
redemption thereof or otherwise, or change the obligation of the Company to pay
Additional Amounts pursuant to Section 10.04 (except as contemplated by Section
8.01(a) and permitted by Section 9.01(a)) or change the redemption provisions or
adversely affect the right of repayment at the option of any Holder as
contemplated by Article 13, or change the Place of Payment, Currency in which
the principal of, any premium or interest on, or any Additional Amounts with
respect to any Security is payable, or impair the right to institute suit for
the 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, in the case of
repayment at the option of the Holder, on or after the date for repayment),
or

       

      (b) reduce the
percentage in principal amount of the Outstanding Securities of any series, the
consent of whose Holders is required for any such supplemental indenture, or the
consent of whose Holders is required for any waiver (of compliance with certain
provisions of this Indenture or certain defaults hereunder and their
consequences) provided for in this Indenture, or reduce the requirements of
Section 15.04 for quorum or voting, or

       

      (c) modify any
of the provisions of this Section, Section 5.13 or Section 10.06, except to
increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each
Outstanding Security affected thereby, or

       

      (d) make any
change that adversely affects the right to convert or exchange any Security into
or for Common Stock of the Company or other securities (whether or not issued by
the Company), cash or property in accordance with its terms.

       

      A
supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which shall have been included expressly and 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.

       

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

       

      Section
9.03.  Execution of
Supplemental Indentures.  As a condition to executing, or
accepting the additional trusts created by, any supplemental indenture permitted
by this Article or the modifications thereby of the trust created by this
Indenture, in accordance with Section 1.02, the Trustee shall be provided with,
and (subject to Section 315 of the Trust Indenture Act) shall be 

       

       

      
        
          
          

        

        
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      fully
protected in relying upon, an Opinion of Counsel stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture and an
Officers’ Certificate stating that all conditions precedent to the execution of
such supplemental indenture have been fulfilled. The Trustee may, but shall not
be obligated to, enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this Indenture or
otherwise.

       

      Section
9.04.  Effect of Supplemental
Indentures.  Upon the execution of any supplemental indenture
under this Article, this Indenture shall be modified in accordance therewith,
and such supplemental indenture shall form a part of this Indenture for all
purposes; and every Holder of a Security theretofore or thereafter authenticated
and delivered hereunder and of any Coupon appertaining thereto shall be bound
thereby.

       

      Section
9.05.  Reference in Securities
to Supplemental Indentures.  Securities of any series
authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article may, and shall if required by the Trustee, bear a
notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture. If the Company shall so determine, new Securities of any
series so modified as to conform, in the opinion of the Trustee and the Company,
to any such supplemental indenture may be prepared and executed by the Company
and authenticated and delivered by the Trustee in exchange for Outstanding
Securities of such series.

       

      Section
9.06.  Conformity with Trust
Indenture Act.  Every supplemental indenture executed pursuant
to this Article shall conform to the requirements of the Trust Indenture Act as
then in effect.

       

      Section
9.07.  Notice of Supplemental
Indenture.  Promptly after the execution by the Company and the
Guarantor, if applicable, and the Trustee of any supplemental indenture pursuant
to Section 9.02, the Company shall transmit to the Holders of Outstanding
Securities of any series affected thereby a notice setting forth the substance
of such supplemental indenture.

       

       

      ARTICLE
10

      Covenants

       

      Section
10.01.  Payment of Principal,
any Premium, Interest and Additional Amounts.  The Company
covenants and agrees for the benefit of the Holders of the Securities of each
series that it will duly and punctually pay the principal of, any premium and
interest on and any Additional Amounts with respect to the Securities of such
series in accordance with the terms thereof, any Coupons appertaining thereto
and this Indenture. Any interest due on any Bearer Security on or before the
Maturity thereof, and any Additional Amounts payable 

       

       

      
        
          
          

        

        
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      with
respect to such interest, shall be payable only upon presentation and surrender
of the Coupons appertaining thereto for such interest as they severally
mature.

       

      Section
10.02.  Maintenance of Office or
Agency.  The Company shall maintain in each Place of Payment
for any series of Securities an Office or Agency where Securities of such series
(but not Bearer Securities, except as otherwise provided below, unless such
Place of Payment is located outside the United States) may be presented or
surrendered for payment, where Securities of such series may be surrendered for
registration of transfer or exchange, where Securities of such series that are
convertible or exchangeable may be surrendered for conversion or exchange, and
where notices and demands to or upon the Company in respect of the Securities of
such series relating thereto and this Indenture may be served. If Securities of
a series are issuable as Bearer Securities, the Company, except as otherwise
permitted or required in or pursuant to this Indenture or the related Series
Authorization shall maintain, subject to any laws or regulations applicable
thereto, an Office or Agency in a Place of Payment for such series which is
located outside the United States where Securities of such series and any
Coupons appertaining thereto may be presented and surrendered for payment; provided, however, that if the
Securities of such series are listed on The Stock Exchange of the United Kingdom
and the Republic of Ireland or the Luxembourg Stock Exchange or any other stock
exchange located outside the United States and such stock exchange shall so
require, the Company shall maintain a Paying Agent in London, Luxembourg or any
other required city located outside the United States, as the case may be, so
long as the Securities of such series are listed on such exchange. The Company
will give prompt written notice to the Trustee of the location, and any change
in the location, of such Office or Agency. If at any time the Company shall fail
to maintain any such required Office or Agency or shall fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee,
except that Bearer Securities of such series and any Coupons appertaining
thereto may be presented and surrendered for payment at the place specified for
the purpose with respect to such Securities as provided in or pursuant to this
Indenture or the related Series Authorization, and the Company hereby appoints
the Trustee as its agent to receive all such presentations, surrenders, notices
and demands.

       

      Except as
otherwise provided in or pursuant to this Indenture or the related Series
Authorization, no payment of principal, premium, interest or Additional Amounts
with respect to Bearer Securities shall be made at any Office or Agency in the
United States or by check mailed to any address in the United States or by wire
transfer to an account maintained with a bank located in the United States;
provided, however, if amounts owing
with respect to any Bearer Securities shall be payable in Dollars, payment of
principal of, any premium or interest on and any Additional Amounts with respect
to any such Security may be made at the 

       

       

      
        
          
          

        

        
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      Corporate
Trust Office of the Trustee or any Office or Agency designated by the Company in
the Borough of Manhattan, The City of New York, if (but only if) payment of the
full amount of such principal, premium, interest or Additional Amounts at all
offices outside the United States maintained for such purpose by the Company in
accordance with this Indenture is illegal or effectively precluded by exchange
controls or other similar restrictions.

       

      The
Company may also from time to time designate one or more other Offices or
Agencies where the Securities of one or more series may be presented or
surrendered for any or all such purposes and may from time to time rescind such
designations; provided,
however, that no such
designation or rescission shall in any manner relieve the Company of its
obligation to maintain an Office or Agency in each Place of Payment for
Securities of any series for such purposes. The Company shall give prompt
written notice to the Trustee of any such designation or rescission and of any
change in the location of any such other Office or Agency. Unless otherwise
provided in or pursuant to this Indenture or the related Series Authorization,
the Company hereby designates as the Place of Payment for each series of
Securities the Borough of Manhattan, The City of New York, and initially
appoints the Corporate Trust Office of the Trustee as the Office or Agency of
the Company in the Borough of Manhattan, The City of New York for such purpose.
The Company may subsequently appoint a different Office or Agency in the Borough
of Manhattan, The City of New York for the Securities of any
series.

       

      Unless
otherwise specified with respect to any Securities pursuant to Section 3.01, if
and so long as the Securities of any series (i) are denominated in a Foreign
Currency or (ii) may be payable in a Foreign Currency, or so long as it is
required under any other provision of this Indenture, then the Company will
maintain with respect to each such series of Securities, or as so required, at
least one exchange rate agent.

       

      Section
10.03.  Money for Securities
Payments To Be Held in Trust.  If the Company shall at any time
act as its own Paying Agent with respect to any series of Securities, it shall,
on or before each due date of the principal of, any premium or interest on or
Additional Amounts with respect to any of the Securities of such series,
segregate and hold in trust for the benefit of the Persons entitled thereto a
sum in the currency or currencies, currency unit or units or composite currency
or currencies in which the Securities of such series are payable (except as
otherwise specified pursuant to Section 3.01 for the Securities of such series)
sufficient to pay the principal or any premium, interest or Additional Amounts
so becoming due until such sums shall be paid to such Persons or otherwise
disposed of as herein provided, and shall promptly notify the Trustee in writing
of its action or failure so to act.

       

       

      
        
          
          

        

        
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      Whenever
the Company shall have one or more Paying Agents for any series of Securities,
it shall, on or prior to 10:00 a.m., New York City time, on each due date of the
principal of, any premium or interest on or any Additional Amounts with respect
to any Securities of such series, deposit with any Paying Agent a sum (in the
currency or currencies, currency unit or units or composite currency or
currencies described in the preceding paragraph) sufficient to pay the principal
and any premium, interest or Additional Amounts so becoming due, such sum to be
held in trust for the benefit of the Persons entitled thereto, and (unless such
Paying Agent is the Trustee) the Company will promptly notify the Trustee in
writing of its action or failure so to act.

       

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

       

      (a) hold all
sums held by it for the payment of the principal of, any premium or interest on
or any Additional Amounts with respect to Securities of such series in trust for
the benefit of the Persons entitled thereto until such sums shall be paid to
such Persons or otherwise disposed of as provided in or pursuant to this
Indenture or the related Series Authorization;

       

      (b) give the
Trustee notice of any default by the Company (or any other obligor upon the
Securities of such series) in the making of any payment of principal of, any
premium or interest on or any Additional Amounts with respect to the Securities
of such series; and

       

      (c) 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
terms 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
sums.

       

      Except as
otherwise provided herein or pursuant hereto, 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, any premium or interest on or any Additional
Amounts with respect to any Security of any series or any Coupon appertaining
thereto and remaining unclaimed for two years after such principal 

       

       

      
        
          
          

        

        
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      or any
such premium or interest or any such Additional Amounts shall have 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 or any Coupon appertaining thereto 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, at the
expense of the Company may cause to be published once, in an Authorized
Newspaper in each Place of Payment for such series or to be mailed to Holders of
Registered Securities of such series, or both, 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 or mailing nor shall it be later than
two years after such principal or any premium or interest or Additional Amounts
shall have become due and payable, any unclaimed balance of such money then
remaining will be repaid to the Company.

       

      Section
10.04.  Additional
Amounts.  Except as otherwise provided in or pursuant to the
related Series Authorization of the applicable series, all payments of principal
of and premium, if any, interest and any other amounts on, or in respect of, the
Securities of any series or any Coupon appertaining thereto shall be made
without withholding or deduction at source for, or on account of, any present or
future taxes, fees, duties, assessments or governmental charges of whatever
nature imposed or levied by or on behalf of any jurisdiction in which the
Company is organized (each, a “taxing jurisdiction”) or any
political subdivision or taxing authority thereof or therein, unless such taxes,
fees, duties, assessments or governmental charges are required to be withheld or
deducted by (i) the laws (or any regulations or ruling promulgated thereunder)
of a taxing jurisdiction or any political subdivision or taxing authority
thereof or therein or (ii) an official position regarding the application,
administration, interpretation or enforcement of any such laws, regulations or
rulings (including, without limitation, a holding by a court of competent
jurisdiction or by a taxing authority in a taxing jurisdiction or any political
subdivision thereof). If a withholding or deduction at source is required, the
Company shall, subject to certain limitations and exceptions set forth below,
pay to the Holder of any such Security or any Coupon appertaining thereto such
Additional Amounts as may be necessary so that every net payment of principal,
premium, if any, interest or any other amount made to such Holder, after such
withholding or deduction, shall not be less than the amount provided for in such
Security, any Coupons appertaining thereto and this Indenture to be then due and
payable; provided,
however, that the
Company shall not be required to make payment of such Additional Amounts for or
on account of:

       

      (a) any tax,
fee, duty, assessment or governmental charge of whatever nature which would not
have been imposed but for the fact that such Holder: (i) was a resident,
domiciliary or national of, or engaged in business or maintained a 

       

       

      
        
          
          

        

        
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      permanent
establishment or was physically present in, the relevant taxing jurisdiction or
any political subdivision thereof or otherwise had some connection with the
relevant taxing jurisdiction other than by reason of the mere ownership of, or
receipt of payment under, such Security; (ii) presented such Security for
payment in the relevant taxing jurisdiction or any political subdivision
thereof, unless such Security could not have been presented for payment
elsewhere; or (iii) presented such Security more than thirty (30) days after the
date on which the payment in respect of such Security first became due and
payable or provided for, whichever is later, except to the extent that the
Holder would have been entitled to such Additional Amounts if it had presented
such Security for payment on any day within such period of thirty (30)
days;

       

      (b) any
estate, inheritance, gift, sale, transfer, personal property or similar tax,
assessment or other governmental charge;

       

      (c) any tax,
assessment or other governmental charge that is imposed or withheld by reason of
the failure by the Holder or the beneficial owner of such Security to comply
with any reasonable request by the Company addressed to the Holder within 90
days of such request (i) to provide information concerning the nationality,
residence or identity of the Holder or such beneficial owner or (ii) to make any
declaration or other similar claim or satisfy any information or reporting
requirement, which, in the case of (i) or (ii), is required or imposed by
statute, treaty, regulation or administrative practice of the relevant taxing
jurisdiction or any political subdivision thereof as a precondition to exemption
from all or part of such tax, assessment or other governmental charge;
or

       

      (d) any
combination of items (a), (b) and (c);

       

      nor shall
Additional Amounts be paid with respect to any payment of the principal of, or
premium, if any, interest or any other amounts on, any such Security to any
Holder who is a fiduciary or partnership or other than the sole beneficial owner
of such Security to the extent such payment would be required by the laws of the
relevant taxing jurisdiction (or any political subdivision or relevant taxing
authority thereof or therein) to be included in the income for tax purposes of a
beneficiary or partner or settlor with respect to such fiduciary or a member of
such partnership or a beneficial owner who would not have been entitled to such
Additional Amounts had it been the Holder of the Security.

       

      Whenever
in this Indenture there is mentioned, in any context, the payment of the
principal of or any premium, interest or any other amounts on, or in respect of,
any Security of any series or any Coupon or the net proceeds received on the
sale or exchange of any Security of any series, such mention shall be deemed to
include mention of the payment of Additional Amounts provided by the terms of
such series established hereby or pursuant hereto to the extent that, in such
context, Additional Amounts are, were or would be payable in respect

       

       

      
        
          
          

        

        
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      thereof
pursuant to such terms, and express mention of the payment of Additional Amounts
(if applicable) in any provision hereof shall not be construed as excluding the
payment of Additional Amounts in those provisions hereof where such express
mention is not made.

       

      Except as
otherwise provided in or pursuant to this Indenture or the related Series
Authorization of the applicable series, at least 10 days prior to the first
Interest Payment Date with respect to such series of Securities (or if the
Securities of such series shall not bear interest prior to Maturity, the first
day on which a payment of principal is made), and at least 10 days prior to each
date of payment of principal or interest if there has been any change with
respect to the matters set forth in the below-mentioned Officers’ Certificate,
the Company shall furnish to the Trustee and the principal Paying Agent or
Paying Agents, if other than the Trustee, an Officers’ Certificate instructing
the Trustee and such Paying Agent or Paying Agents whether such payment of
principal of and premium, if any, interest or any other amounts on the
Securities of such series shall be made to Holders of Securities of such series
or the Coupons appertaining thereto without withholding for or on account of any
tax, fee, duty, assessment or other governmental charge described in this
Section 10.04. If any such withholding shall be required, then such Officers’
Certificate shall specify by taxing jurisdiction the amount, if any, required to
be withheld on such payments to such Holders of Securities or Coupons, and the
Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts
required by this Section 10.04. The Company covenants to indemnify the Trustee
and any Paying Agent for, and to hold them harmless against, any loss, liability
or expense reasonably incurred without negligence or bad faith on their part
arising out of or in connection with actions taken or omitted by any of them in
reliance on any Officers’ Certificate furnished pursuant to this Section
10.04.

       

      Section
10.05.  Organizational
Existence.  Subject to Article 8, the Company shall do or cause
to be done all things necessary to preserve and keep in full force and effect
its organizational existence and rights (charter and statutory) and franchises;
provided, however, that the foregoing
shall not obligate the Company to preserve any such right or franchise if the
Company shall determine that the preservation thereof is no longer desirable in
the conduct of its business and that the loss thereof is not disadvantageous in
any material respect to any Holder.

       

      Section
10.06.  Waiver of Certain
Covenants.  The Company may omit in any particular instance to
comply with any term, provision or condition set forth in Section 10.05 with
respect to the Securities of any series if before the time for such compliance
the Holders of at least a majority in principal amount of the Outstanding
Securities of such series, by Act of such Holders, either shall waive such
compliance in such instance or generally shall have waived compliance with such
term, provision or condition, but no such waiver shall extend to or affect

       

       

      
        
          
          

        

        
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      such term,
provision 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 term, provision or condition shall remain in
full force and effect.

       

      Section
10.07.  Company and Guarantor’s
Statement as to Compliance; Notice of Certain Defaults.  (a)
The Company and the Guarantor shall deliver to the Trustee, within 120 days
after the end of each fiscal year, a written statement (which need not be
contained in or accompanied by an Officers’ Certificate) signed by the principal
executive officer, the principal financial officer or the principal accounting
officer of the Company or the Guarantor, as the case may be, stating
that

       

      (i) a review
of the activities of the Company or the Guarantor, as the case may be, during
such year and of its performance under this Indenture has been made under his or
her supervision, and

       

      (ii) to the
best of his or her knowledge, based on such review, (A) the Company or the
Guarantor, as the case may be, has complied with all the conditions and
covenants imposed on it under this Indenture throughout such year, or, if there
has been a default in the fulfillment of any such condition or covenant,
specifying each such default known to him or her and the nature and status
thereof, and (B) no event has occurred and is continuing which is, or after
notice or lapse of time or both would become, an Event of Default, or, if such
an event has occurred and is continuing, specifying each such event known to him
and the nature and status thereof.

       

      (b) The
Company shall deliver to the Trustee, within five days after the occurrence
thereof, written notice of any Event of Default or any event which after notice
or lapse of time or both would become an Event of Default pursuant to clause (d)
of Section 5.01.

       

      (c) The
Trustee shall have no duty to monitor the Company’s compliance with the
covenants contained in this Article 10 other than as specifically set forth in
this Section 10.07.

       

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

       

       

      
        
          
          

        

        
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      ARTICLE
11

      Redemption
of Securities

       

      Section
11.01.  Applicability of
Article.  Redemption of Securities of any series as permitted
or required by the terms of such Securities shall be made in accordance with the
terms of such Securities and (except as otherwise provided herein or pursuant
hereto) this Article.

       

      Section
11.02.  Election to Redeem;
Notice to Trustee.  The election of the Company to redeem any
Securities shall be evidenced by or pursuant to a Board Resolution. In case of
any redemption at the election of the Company of (a) less than all of the
Securities of any series or (b) all of the Securities of any series, with the
same issue date, interest rate or formula, Stated Maturity and other terms, the
Company shall, at least 60 days prior to the Redemption Date fixed by the
Company (unless a shorter notice shall be satisfactory to the Trustee), notify
the Trustee in writing of such Redemption Date and of the principal amount of
Securities of such series to be redeemed; provided that, the Trustee
shall be given at least 15 days notice prior to sending the notice of redemption
(unless a shorter notice shall be satisfactory to the Trustee).

       

      Section
11.03.  Selection by Trustee of
Securities To Be Redeemed.  If less than all of the Securities
of any series with the same issue date, interest rate or formula, Stated
Maturity and other terms are to be redeemed, the particular Securities to be
redeemed shall be selected not more than 60 days prior to the Redemption Date by
the Trustee from the Outstanding Securities of such series not previously called
for redemption, by such method as the Trustee shall deem appropriate and which
may provide for the selection for redemption of portions of the principal amount
of Registered Securities of such series; provided, however, that no such partial
redemption shall reduce the portion of the principal amount of a Registered
Security of such series not redeemed to less than the minimum denomination for a
Security of such series established herein or pursuant hereto.

       

      The
Trustee shall promptly notify the Company and the Security Registrar (if other
than itself) in writing of the Securities selected for redemption and, in the
case of any Securities selected for partial redemption, the principal amount
thereof to be redeemed.

       

      For all
purposes of this Indenture, unless the context otherwise requires, all
provisions relating to the redemption of Securities shall relate, in the case of
any Securities redeemed or to be redeemed only in part, to the portion of the
principal of such Securities which has been or is to be redeemed.

       

      Unless
otherwise specified in or pursuant to this Indenture or the related Series
Authorization of any series, if any Security selected for partial redemption is
converted into Common Stock of the Company or exchanged for other 

       

       

      
        
          
          

        

        
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      securities
in part before termination of the conversion or exchange right with respect to
the portion of the Security so selected, the converted portion of such Security
shall be deemed (so far as may be) to be the portion selected for redemption.
Securities which have been converted or exchanged during a selection of
Securities to be redeemed shall be treated by the Trustee as Outstanding for the
purpose of such selection.

       

      Section
11.04.  Notice of
Redemption.  Notice of redemption shall be given in the manner
provided in Section 1.06, not less than 30 nor more than 60 days prior to the
Redemption Date, unless a shorter period is specified in the Securities to be
redeemed, to the Holders of Securities to be redeemed. Failure to give notice by
mailing in the manner herein provided to the Holder of any Registered Securities
designated for redemption as a whole or in part, or any defect in the notice to
any such Holder, shall not affect the validity of the proceedings for the
redemption of any other Securities or portion thereof.

       

      Any notice
that is mailed to the Holder of any Registered Securities in the manner herein
provided shall be conclusively presumed to have been duly given, whether or not
such Holder receives the notice.

       

      All
notices of redemption shall state:

       

      (a) the
Redemption Date,

       

      (b) the
Redemption Price,

       

      (c) if less
than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amount) of
the particular Security or Securities to be redeemed,

       

      (d) in case
any Security is to be redeemed in part only, the notice which relates to such
Security shall state that on and after the Redemption Date, upon surrender of
such Security, the Holder of such Security will receive, without charge, a new
Security or Securities of authorized denominations for the principal amount
thereof remaining unredeemed,

       

      (e) that, on
the Redemption Date, the Redemption Price shall become due and payable upon each
such Security or portion thereof to be redeemed, in the case of a Registered
Security, together with any accrued interest and Additional Amounts pertaining
thereto, and that unless the Company shall default in the payment of the
Redemption Price and other amounts then due, interest thereon, if applicable,
shall cease to accrue on and after said date,

       

      (f) the place
or places where such Securities, together (in the case of Bearer Securities)
with all Coupons appertaining thereto, if any, maturing on or 

       

       

      
        
          
          

        

        
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      after the
Redemption Date, are to be surrendered for payment of the Redemption Price and
any accrued interest and Additional Amounts pertaining thereto,

       

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

       

      (h) that,
unless otherwise specified in such notice, Bearer Securities of any series, if
any, surrendered for redemption must be accompanied by all Coupons maturing
subsequent to the date fixed for redemption or the amount of any such missing
Coupon or Coupons will be deducted from the Redemption Price, unless security or
indemnity satisfactory to the Company, the Trustee and any Paying Agent is
furnished,

       

      (i) if Bearer
Securities of any series are to be redeemed and no Registered Securities of such
series are to be redeemed, and if such Bearer Securities may be exchanged for
Registered Securities not subject to redemption on the Redemption Date pursuant
to Section 3.05 or otherwise, the last date, as determined by the Company, on
which such exchanges may be made,

       

      (j) in the
case of Securities of any series that are convertible into Common Stock of the
Company or exchangeable for other securities, the conversion or exchange price
or rate, the date or dates on which the right to convert or exchange the
principal of the Securities of such series to be redeemed will commence or
terminate and the place or places where such Securities may be surrendered for
conversion or exchange, and

       

      (k) the CUSIP
number or the Euroclear or the Cedel reference numbers of such Securities, if
any (or any other numbers used by a Depository to identify such
Securities).

       

      A notice
of redemption published as contemplated by Section 1.06 need not identify
particular Registered Securities to be redeemed.

       

      Notice of
redemption of Securities shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the
Company.

       

      Section
11.05.  Deposit of Redemption
Price.  On or prior to 10:00 a.m., New York City time, on any
Redemption Date, the Company shall deposit, with respect to the Securities of
any series called for redemption, with the Trustee or with a Paying Agent (or,
if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 10.03) an amount of money in the applicable Currency
sufficient to pay the Redemption Price of, and (except if the Redemption Date
shall be an Interest Payment Date, unless otherwise specified pursuant to
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      interest
on and Additional Amounts with respect thereto, all such Securities or portions
thereof which are to be redeemed on that date.

       

      Section
11.06.  Securities Payable on
Redemption Date.  Notice of redemption having been given as
aforesaid, the Securities so to be redeemed shall, become due and payable on the
Redemption Date, at the Redemption Price therein specified, and from and after
such date (unless the Company shall default in the payment of the Redemption
Price and any accrued interest or Additional Amounts) such Securities shall
cease to bear interest and the Coupons for such interest appertaining to any
Bearer Securities so to be redeemed, except to the extent provided below, shall
be void. Upon surrender of any such Security for redemption in accordance with
said notice, together with all Coupons, if any, appertaining thereto maturing
after the Redemption Date, such Security shall be paid by the Company at the
Redemption Price, together with any accrued interest and Additional Amounts to
the Redemption Date; provided, however, that, except as
otherwise provided in or pursuant to the related Series Authorization and the
Coupons, installments of interest on Bearer Securities whose Stated Maturity is
on or prior to the Redemption Date shall be payable only upon presentation and
surrender of Coupons for such interest (at an Office or Agency located outside
the United States except as otherwise provided in Section 10.02), and provided, further, that, except as
otherwise specified in or pursuant to the related Series Authorization,
installments of interest on Registered Securities whose Stated Maturity is on or
prior to the Redemption Date shall be payable to the Holders of such Securities,
or one or more Predecessor Securities, registered as such at the close of
business on the Regular Record Dates therefor according to their terms and the
provisions of Section 3.07 and installments of interest on Registered Securities
for which the Redemption Date is after a Regular Record Date and on or before
the following Interest Payment Date shall be payable to the Holders of such
Securities, or one or more Predecessor Securities, registered as such at the
close of business on the Regular Record Dates therefor according to their terms
and the provisions of Section 3.07.

       

      If any
Bearer Security surrendered for redemption shall not be accompanied by all
appurtenant Coupons maturing after the Redemption Date, such Security may be
paid after deducting from the Redemption Price an amount equal to the face
amount of all such missing Coupons, or the surrender of such missing Coupon or
Coupons may be waived by the Company and the Trustee if there be furnished to
them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Security shall surrender
to the Trustee or any Paying Agent any such missing Coupon in respect of which a
deduction shall have been made from the Redemption Price, such Holder shall be
entitled to receive the amount so deducted; provided, however, that any interest or
Additional Amounts represented by Coupons shall be payable only upon
presentation and surrender of those 

       

       

      
        
          
          

        

        
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      Coupons at
an Office or Agency for such Security located outside of the United States
except as otherwise provided in Section 10.02.

       

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

       

      Section
11.07.  Securities Redeemed in
Part.  Any Registered Security which is to be redeemed only in
part shall be surrendered at any Office or Agency for such Security (with, if
the Company or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company and the Trustee duly
executed by, the Holder thereof or his attorney duly authorized in writing) and
the Company shall execute and the Trustee shall authenticate and deliver to the
Holder of such Security without service charge, a new Registered Security or
Securities of the same series, containing identical terms and provisions, of any
authorized denomination as requested by such Holder in aggregate principal
amount equal to and in exchange for the unredeemed portion of the principal of
the Security so surrendered. If a Security in global form is so surrendered, the
Company shall execute, and the Trustee shall authenticate and deliver to the
U.S. Depository or other Depository for such Security in global form as shall be
specified in the Company Order with respect thereto to the Trustee, without
service charge, a new Security in global form in a denomination equal to and in
exchange for the unredeemed portion of the principal of the Security in global
form so surrendered.

       

       

      ARTICLE
12

      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 permitted or required in or pursuant to this Indenture or the related
Series Authorization.

       

      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 such series is herein referred to as an “optional sinking fund
payment.” If provided for by the terms of Securities of any series, the
cash amount of any sinking fund payment may be subject to reduction as provided
in Section 12.02. Each sinking fund payment shall be applied to the redemption
of Securities of any series as provided for by the terms of Securities of such
series and this Indenture.

       

       

      
        
          
          

        

        
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      Section
12.02.  Satisfaction of Sinking
Fund Payments with Securities.  The Company may, in
satisfaction of all or any part of any sinking fund payment with respect to the
Securities of any series to be made pursuant to the terms of such Securities (a)
deliver Outstanding Securities of such series (other than any of such Securities
previously called for redemption or any of such Securities in respect of which
cash shall have been released to the Company), together in the case of any
Bearer Securities of such series with all unmatured Coupons appertaining
thereto, and (b) apply as a credit Securities of such series which have been
redeemed either at the election of the Company pursuant to the terms of such
series of Securities or through the application of permitted optional sinking
fund payments pursuant to the terms of such Securities, provided that such series of
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 sinking fund payment shall be reduced
accordingly. If, as a result of the delivery or credit of Securities of any
series in lieu of cash payments pursuant to this Section 12.02, the principal
amount of Securities of such series to be redeemed in order to satisfy the
remaining sinking fund payment shall be less than $100,000, the Trustee need not
call Securities of such series for redemption, except upon Company Request, and
such cash payment shall be held by the Trustee or a Paying Agent and applied to
the next succeeding sinking fund payment, provided, however, that the Trustee or
such Paying Agent shall at the written request of the Company from time to time
pay over and deliver to the Company any cash payment so being held by the
Trustee or such Paying Agent upon delivery by the Company to the Trustee of
Securities of that series purchased by the Company having an unpaid principal
amount equal to the cash payment requested to be released to the
Company.

       

      Section
12.03.  Redemption of Securities
for Sinking Fund.  Not less than 75 days prior to each sinking
fund payment date for any series of Securities, the Company shall deliver to the
Trustee an Officers’ Certificate specifying the amount of the next ensuing
mandatory sinking fund payment for that series pursuant to the terms of that
series, the portion thereof, if any, which is to be satisfied by payment of cash
and the portion thereof, if any, which is to be satisfied by delivering and
crediting of Securities of that series pursuant to Section 12.02, and the
optional amount, if any, to be added in cash to the next ensuing mandatory
sinking fund payment, and will also deliver to the Trustee any Securities to be
so credited and not theretofore delivered. If such Officers’ Certificate shall
specify an optional amount to be added in cash to the next ensuing mandatory
sinking fund payment, the Company shall thereupon be obligated to pay the amount
therein specified. Not less than 60 days before each such sinking fund payment
date the Trustee shall select the Securities to be redeemed upon such sinking
fund payment date in the manner specified in Section 11.03 and cause notice of
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      the
expense of the Company in the manner provided in Section 11.04. Such notice
having been duly given, the redemption of such Securities shall be made upon the
terms and in the manner stated in Section 11.06 and Section 11.07.

       

       

      ARTICLE
13

      Repayment
at the Option of Holders

       

      Section
13.01.  Applicability of
Article.  Securities of any series which are repayable at the
option of the Holders thereof before their Stated Maturity shall be repaid in
accordance with the terms of the Securities of such series. The repayment of any
principal amount of Securities pursuant to such option of the Holder to require
repayment of Securities before their Stated Maturity, for purposes of Section
3.09, shall not operate as a payment, redemption or satisfaction of the
Indebtedness represented by such Securities unless and until the Company, at its
option, shall deliver or surrender the same to the Trustee with a written
directive that such Securities be cancelled. Notwithstanding anything to the
contrary contained in this Section 13.01, in connection with any repayment of
Securities, the Company may arrange for the purchase of any Securities by an
agreement with one or more investment bankers or other purchasers to purchase
such Securities by paying to the Holders of such Securities on or before the
close of business on the repayment date an amount not less than the repayment
price payable by the Company on repayment of such Securities, and the obligation
of the Company to pay the repayment price of such Securities shall be satisfied
and discharged to the extent such payment is so paid by such
purchasers.

       

       

      ARTICLE
14

      Securities
in Foreign Currencies

       

      Section
14.01.  Applicability of
Article.  Whenever this Indenture provides for (a) any action
by, or the determination of any of the rights of, Holders of Securities of any
series in which not all of such Securities are denominated in the same Currency,
or (b) any distribution to Holders of Securities, in the absence of any
provision to the contrary in the form of Security of any particular series or
pursuant to this Indenture or the related Series Authorization, any amount in
respect of any Security denominated in a Currency other than Dollars shall be
treated for any such action or distribution as that amount of Dollars that could
be obtained for such amount on such reasonable basis of exchange and as of the
record date with respect to Registered Securities of such series (if any) for
such action, determination of rights or distribution (or, if there shall be no
applicable record date, such other date reasonably proximate to the date of such
action, determination of rights or distribution) as the Company may specify in a
written notice to the Trustee.

       

       

      
        
          
          

        

        
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      ARTICLE
15

      Meetings
of Holders of Securities

       

      Section
15.01.  Purposes for Which
Meetings May Be Called.  A meeting of Holders of Securities of
any series may be called at any time and from time to time pursuant to this
Article to make, give or take any request, demand, authorization, direction,
notice, consent, waiver or other Act provided by this Indenture to be made,
given or taken by Holders of Securities of such series.

       

      Section
15.02.  Call, Notice and Place
of Meetings.  (a) The Trustee may at any time call a meeting of
Holders of Securities of any series for any purpose specified in Section 15.02,
to be held at such time and at such place in the Borough of Manhattan, The City
of New York, or, if Securities of such series have been issued in whole or in
part as Bearer Securities, in London or in such place outside the United States
as the Trustee shall determine. Notice of every meeting of Holders of Securities
of any series, setting forth the time and the place of such meeting and in
general terms the action proposed to be taken at such meeting, shall be given,
in the manner provided in Section 1.06, not less than 21 nor more than 180 days
prior to the date fixed for the meeting.

       

      (b) In case at
any time the Company (by or pursuant to a Board Resolution) or the Holders of at
least 10% in principal amount of the Outstanding Securities of any series shall
have requested the Trustee to call a meeting of the Holders of Securities of
such series for any purpose specified in Section 15.01, 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 or made the first
publication of the notice of such meeting within 21 days after receipt of such
request (whichever shall be required pursuant to Section 1.06) or shall not
thereafter proceed to cause the meeting to be held as provided herein, then the
Company or the Holders of Securities of such series in the amount above
specified, as the case may be, may determine the time and the place in the
Borough of Manhattan, The City of New York, or, if Securities of such series are
to be issued as Bearer Securities, in London for such meeting and may call such
meeting for such purposes by giving notice thereof as provided in clause (a) of
this Section.

       

      Section
15.03.  Persons Entitled to Vote
at Meetings.  To be entitled to vote at any meeting of Holders
of Securities of any series, a Person shall be (a) a Holder of one or more
Outstanding Securities of such series, or (b) a Person appointed by an
instrument in writing as proxy for a Holder or Holders of one or more
Outstanding Securities of such series by such Holder or Holders. The only
Persons who shall be entitled to be present or to speak at any meeting of
Holders of Securities of any series shall be the Persons entitled to vote at
such meeting and their counsel, any representatives of the Trustee and its
counsel and any representatives of the Company and its counsel.

       

       

      
        
          
          

        

        
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      Section
15.04.  Quorum;
Action.  The Persons entitled to vote a majority in principal
amount of the Outstanding Securities of a series shall constitute a quorum for
any meeting of Holders of Securities of such series. In the absence of a quorum
within 30 minutes after the time appointed for any such meeting, the meeting
shall, if convened at the request of Holders of Securities of such series, be
dissolved. In any other case the meeting may be adjourned for a period of not
less than 10 days as determined by the chairman of the meeting prior to the
adjournment of such meeting. In the absence of a quorum at any reconvened
meeting, such reconvened meeting may be further adjourned for a period of not
less than 10 days as determined by the chairman of the meeting prior to the
adjournment of such reconvened meeting. Notice of the reconvening of any
adjourned meeting shall be given as provided in Section 15.02(a), except that
such notice need be given only once not less than five days prior to the date on
which the meeting is scheduled to be reconvened. Notice of the reconvening of an
adjourned meeting shall state expressly the percentage, as provided above, of
the principal amount of the Outstanding Securities of such series which shall
constitute a quorum.

       

      Except as
limited by the proviso to Section 9.02, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may
be adopted only by the affirmative vote of the Holders of a majority in
principal amount of the Outstanding Securities of that series; provided, however, that, except as
limited by the proviso to Section 9.02, any resolution with respect to any
request, demand, authorization, direction, notice, consent, waiver or other Act
which this Indenture expressly provides may be made, given or taken by the
Holders of a specified percentage, which is less than a majority, in principal
amount of the Outstanding Securities of a series may be adopted at a meeting or
an adjourned meeting duly reconvened and at which a quorum is present as
aforesaid by the affirmative vote of the Holders of such specified percentage in
principal amount of the Outstanding Securities of such series.

       

      Any
resolution passed or decision taken at any meeting of Holders of Securities of
any series duly held in accordance with this Section shall be binding on all the
Holders of Securities of such series and the Coupons appertaining thereto,
whether or not such Holders were present or represented at the
meeting.

       

      Section
15.05.  Determination of Voting
Rights; Conduct and Adjournment of Meetings.  (a)
Notwithstanding any other provisions of this Indenture, the Trustee may make
such reasonable regulations as it may deem advisable for any meeting of Holders
of Securities of such series in regard to proof of the holding of Securities of
such series and of the appointment of proxies and in regard to the appointment
and duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters
concerning the conduct of the meeting as it shall deem appropriate. Except as
otherwise permitted or required by any such regulations, 

       

       

      
        
          
          

        

        
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      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
Section 1.04 or by having the signature of the person executing the proxy
witnessed or guaranteed by any trust company, bank or banker authorized by
Section 1.04 to certify to the holding of Bearer Securities. Such regulations
may provide that written instruments appointing proxies, regular on their face,
may be presumed valid and genuine without the proof specified in Section 1.04 or
other proof.

       

      (b) The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders
of Securities as provided in Section 15.02(a), in which case the Company or the
Holders of Securities of the series calling the meeting, as the case may be,
shall in like manner appoint a temporary chairman. A permanent chairman and a
permanent secretary of the meeting shall be elected by vote of the Persons
entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting.

       

      (c) At any
meeting, each Holder of a Security of such series or proxy shall be entitled to
one vote for each $2,000 principal amount of Securities of such series held or
represented by him; provided, however, that no vote shall
be cast or counted at any meeting in respect of any 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, except as a Holder of a
Security of such series or proxy.

       

      (d) Any
meeting of Holders of Securities of any series duly called pursuant to Section
15.02 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting; and the meeting may be held as so
adjourned without further notice.

       

      Section
15.06.  Counting Votes and
Recording Action of Meetings.  The vote upon any resolution
submitted to any meeting of Holders of Securities of any series shall be by
written ballots on which shall be subscribed the signatures of the Holders of
Securities of such series or of their representatives by proxy and the principal
amounts and serial numbers of the Outstanding Securities of such series held or
represented by them. The permanent chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against
any resolution and who shall make and file with the secretary of the meeting
their verified written reports of all votes cast at the meeting. A record of the
proceedings of each meeting of Holders of Securities of any series 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 

       

       

      
        
          
          

        

        
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      a copy of
the notice of the meeting and showing that said notice was given as provided in
Section 15.02 and, if applicable, Section 15.04. Each copy shall be signed and
verified by the affidavits of the permanent chairman and secretary of the
meeting and one such copy shall be delivered to the Company, and another 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.

       

       

      ARTICLE
16

      Guarantee

       

      Section
16.01.  The
Guarantee.  The Guarantor hereby unconditionally guarantees to
the Trustee and each Holder of a Security authenticated and delivered by the
Trustee all obligations of the Company under this Indenture in accordance with
the terms of the Debt Securities Guarantee Agreement.

       

      Section
16.02.  Ranking.  Each
Holder of Securities issued hereunder agrees that the payment by the Guarantor
pursuant to the Guarantee with respect to all Securities of each series issued
hereunder, shall rank in right of payment to the extent and in the manner set
forth in Sections 6.02 and 6.03 of the Debt Securities Guarantee
Agreement.

       

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REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

       

       

      
        
          
          

        

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

       

      
        	
                PARTNERRE
      FINANCE A LLC

                 

              	 
	
                By:

              	 /s/
      Thomas L. Forsyth	 
	 	
                Name:
      Thomas L. Forsyth

              	 
	 	
                Title: 
      Executive Vice President, General Counsel & Secretary

              	 
	
              	 

      

      

      
        	
                PARTNERRE
      LTD., as Guarantor

                 

              	 
	
                By:

              	 /s/
      Albert A. Benchimol	 
	 	
                Name:
      Albert A. Benchimol

              	 
	 	
                Title:
      Executive Vice President and Chief Financial Officer

              	 
	
              	 

      

      

      
        	
                THE
      BANK OF NEW YORK, as Trustee

                 

              	 
	
                By:

              	/s/
      Gregg Weissman	 
	 	
                Name:
      Gregg Weissman

              	 
	 	
                Title:   
      Assistant Treasurer

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