Document:

EXHIBIT 4.1

 

INDENTURE,

 

dated as of November 5, 2009,

 

between

 

AMPHENOL CORPORATION

 

and

 

THE BANK OF NEW YORK MELLON, as Trustee

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  PAGE

  
	
   

  	
   

  	
   

  
	
  ARTICLE I DEFINITIONS
  AND INCORPORATION BY REFERENCE

  	
  1

  
	
  Section 1.1

  	
  Definitions

  	
  1

  
	
  Section 1.2

  	
  Incorporation by
  Reference of Trust Indenture Act

  	
  6

  
	
  Section 1.3

  	
  Rules of
  Construction

  	
  6

  
	
  ARTICLE II THE
  SECURITIES

  	
  7

  
	
  Section 2.1

  	
  Issuable in Series

  	
  7

  
	
  Section 2.2

  	
  Establishment of Terms
  of Securities of a Series

  	
  7

  
	
  Section 2.3

  	
  Execution and Authentication

  	
  9

  
	
  Section 2.4

  	
  Registrar and Paying
  Agent

  	
  10

  
	
  Section 2.5

  	
  Paying Agent to Hold
  Money in Trust

  	
  11

  
	
  Section 2.6

  	
  Holder Lists

  	
  11

  
	
  Section 2.7

  	
  Transfer and Exchange

  	
  11

  
	
  Section 2.8

  	
  Mutilated, Destroyed,
  Lost and Stolen Securities

  	
  11

  
	
  Section 2.9

  	
  Outstanding Securities

  	
  12

  
	
  Section 2.10

  	
  Treasury Securities

  	
  13

  
	
  Section 2.11

  	
  Temporary Securities

  	
  13

  
	
  Section 2.12

  	
  Cancellation

  	
  13

  
	
  Section 2.13

  	
  Defaulted Interest

  	
  13

  
	
  Section 2.14

  	
  Global Securities

  	
  13

  
	
  Section 2.15

  	
  CUSIP Numbers

  	
  15

  
	
  ARTICLE III REDEMPTION

  	
  15

  
	
  Section 3.1

  	
  Notice to Trustee

  	
  15

  
	
  Section 3.2

  	
  Selection of Securities
  to be Redeemed

  	
  15

  
	
  Section 3.3

  	
  Notice of Redemption

  	
  15

  
	
  Section 3.4

  	
  Effect of Notice of
  Redemption

  	
  16

  
	
  Section 3.5

  	
  Deposit of Redemption
  Price

  	
  16

  
	
  Section 3.6

  	
  Securities Redeemed in
  Part

  	
  16

  
	
  ARTICLE IV COVENANTS

  	
  16

  
	
  Section 4.1

  	
  Payment of Principal
  and Interest

  	
  16

  
	
  Section 4.2

  	
  Limitation on Liens

  	
  17

  
	
  Section 4.3

  	
  Limitation on
  Sale/Leaseback Transactions

  	
  18

  
	
  Section 4.4

  	
  Commission Reports

  	
  19

  
	
  Section 4.5

  	
  Compliance Certificate

  	
  20

  
	
  Section 4.6

  	
  Corporate Existence

  	
  20

  
	
  ARTICLE V SUCCESSORS

  	
  20

  
	
  Section 5.1

  	
  When Company
  May Merge, Etc.

  	
  20

  
	
  Section 5.2

  	
  Successor Person
  Substituted

  	
  21

  
	
  ARTICLE VI DEFAULTS AND
  REMEDIES

  	
  21

  
	
  Section 6.1

  	
  Events of Default

  	
  21

  
	
  Section 6.2

  	
  Acceleration of
  Maturity; Rescission and Annulment

  	
  22

  
	
  Section 6.3

  	
  Collection of
  Indebtedness and Suits for Enforcement by Trustee

  	
  23

  

 

i

 

	
  Section 6.4

  	
  Trustee May File
  Proofs of Claim

  	
  24

  
	
  Section 6.5

  	
  Trustee
  May Enforce Claims Without Possession of Securities

  	
  24

  
	
  Section 6.6

  	
  Application of Money
  Collected

  	
  25

  
	
  Section 6.7

  	
  Limitation on Suits

  	
  25

  
	
  Section 6.8

  	
  Unconditional Right of
  Holders to Receive Principal and Interest

  	
  25

  
	
  Section 6.9

  	
  Restoration of Rights
  and Remedies

  	
  26

  
	
  Section 6.10

  	
  Rights and Remedies
  Cumulative

  	
  26

  
	
  Section 6.11

  	
  Delay or Omission Not
  Waiver

  	
  26

  
	
  Section 6.12

  	
  Control by Holders

  	
  26

  
	
  Section 6.13

  	
  Waiver of Past Defaults

  	
  26

  
	
  Section 6.14

  	
  Undertaking for Costs

  	
  27

  
	
  ARTICLE VII TRUSTEE

  	
  27

  
	
  Section 7.1

  	
  Duties of Trustee

  	
  27

  
	
  Section 7.2

  	
  Rights of Trustee

  	
  29

  
	
  Section 7.3

  	
  Individual Rights of
  Trustee

  	
  30

  
	
  Section 7.4

  	
  Trustee’s Disclaimer

  	
  30

  
	
  Section 7.5

  	
  Notice of Defaults

  	
  30

  
	
  Section 7.6

  	
  Reports by Trustee to
  Holders

  	
  31

  
	
  Section 7.7

  	
  Compensation and
  Indemnity

  	
  31

  
	
  Section 7.8

  	
  Replacement of Trustee

  	
  32

  
	
  Section 7.9

  	
  Successor Trustee by
  Merger, etc.

  	
  32

  
	
  Section 7.10

  	
  Eligibility;
  Disqualification

  	
  32

  
	
  Section 7.11

  	
  Preferential Collection
  of Claims Against Company

  	
  33

  
	
  ARTICLE VIII
  SATISFACTION AND DISCHARGE; DEFEASANCE

  	
  33

  
	
  Section 8.1

  	
  Option to Effect Legal
  Defeasance or Covenant Defeasance

  	
  33

  
	
  Section 8.2

  	
  Legal Defeasance and
  Discharge

  	
  33

  
	
  Section 8.3

  	
  Covenant Defeasance

  	
  34

  
	
  Section 8.4

  	
  Conditions to Legal or
  Covenant Defeasance

  	
  34

  
	
  Section 8.5

  	
  Satisfaction and
  Discharge of Indenture

  	
  35

  
	
  Section 8.6

  	
  Survival of Certain
  Obligations

  	
  35

  
	
  Section 8.7

  	
  Acknowledgment of
  Discharge by Trustee

  	
  36

  
	
  Section 8.8

  	
  Application of Trust
  Moneys

  	
  36

  
	
  Section 8.9

  	
  Repayment to the
  Company; Unclaimed Money

  	
  36

  
	
  Section 8.10

  	
  Reinstatement

  	
  37

  
	
  ARTICLE IX AMENDMENTS
  AND WAIVERS

  	
  37

  
	
  Section 9.1

  	
  Without Consent of
  Holders

  	
  37

  
	
  Section 9.2

  	
  With Consent of Holders

  	
  38

  
	
  Section 9.3

  	
  Limitations

  	
  38

  
	
  Section 9.4

  	
  Compliance with Trust
  Indenture Act

  	
  39

  
	
  Section 9.5

  	
  Revocation and Effect
  of Consents

  	
  39

  
	
  Section 9.6

  	
  Notation on or Exchange
  of Securities

  	
  39

  
	
  Section 9.7

  	
  Trustee Protected

  	
  39

  
	
  ARTICLE X MISCELLANEOUS

  	
  39

  
	
  Section 10.1

  	
  Trust Indenture Act
  Controls

  	
  39

  
	
  Section 10.2

  	
  Notices

  	
  39

  

 

ii

 

	
  Section 10.3

  	
  Communication by
  Holders with Other Holders

  	
  40

  
	
  Section 10.4

  	
  Certificate and Opinion
  as to Conditions Precedent

  	
  41

  
	
  Section 10.5

  	
  Statements Required in
  Certificate or Opinion

  	
  41

  
	
  Section 10.6

  	
  Rules by Trustee
  and Agents

  	
  41

  
	
  Section 10.7

  	
  Legal Holidays

  	
  41

  
	
  Section 10.8

  	
  No Recourse Against
  Others

  	
  41

  
	
  Section 10.9

  	
  Counterparts

  	
  41

  
	
  Section 10.10

  	
  Governing Laws

  	
  42

  
	
  Section 10.11

  	
  No Adverse
  Interpretation of Other Agreements

  	
  42

  
	
  Section 10.12

  	
  Successors

  	
  42

  
	
  Section 10.13

  	
  Severability

  	
  42

  
	
  Section 10.14

  	
  Table of Contents,
  Headings, Etc.

  	
  42

  
	
  Section 10.15

  	
  Securities in a Foreign
  Currency

  	
  42

  
	
  Section 10.16

  	
  Judgment Currency

  	
  43

  
	
  Section 10.17

  	
  USA Patriot Act

  	
  43

  

 

iii

 

RECONCILIATION AND
TIE BETWEEN TRUST INDENTURE ACT OF 1939 AND THIS INDENTURE

 

	
  TIA Section

  	
   

  	
   

  	
   

  	
  Indenture Section

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Section 310

  	
   

  	
  (a)(1)

  	
   

  	
   

  	
  7.10

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
   

  	
  7.10

  
	
   

  	
   

  	
  (a)(3)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
  (a)(4)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
  (a)(5)

  	
   

  	
   

  	
  7.10

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  7.10

  
	
  Section 311

  	
   

  	
  (a)

  	
   

  	
   

  	
  7.11

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  7.11

  
	
   

  	
   

  	
  (c)

  	
   

  	
   

  	
  Not Applicable

  
	
  Section 312

  	
   

  	
  (a)

  	
   

  	
   

  	
  2.6

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  10.3

  
	
   

  	
   

  	
  (c)

  	
   

  	
   

  	
  10.3

  
	
  Section 313

  	
   

  	
  (a)

  	
   

  	
   

  	
  7.6

  
	
   

  	
   

  	
  (b)(1)

  	
   

  	
   

  	
  7.6

  
	
   

  	
   

  	
  (b)(2)

  	
   

  	
   

  	
  7.6

  
	
   

  	
   

  	
  (c)(1)

  	
   

  	
   

  	
  7.6

  
	
   

  	
   

  	
  (d)

  	
   

  	
   

  	
  7.6

  
	
  Section 314

  	
   

  	
  (a)

  	
   

  	
   

  	
  4.4, 4.5, 10.5

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
  (c)(1)

  	
   

  	
   

  	
  10.4

  
	
   

  	
   

  	
  (c)(2)

  	
   

  	
   

  	
  10.4

  
	
   

  	
   

  	
  (c)(3)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
  (d)

  	
   

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
  (e)

  	
   

  	
   

  	
  10.5

  
	
   

  	
   

  	
  (f)

  	
   

  	
   

  	
  Not Applicable

  
	
  Section 315

  	
   

  	
  (a)

  	
   

  	
   

  	
  7.1

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  7.5

  
	
   

  	
   

  	
  (c)

  	
   

  	
   

  	
  7.1

  
	
   

  	
   

  	
  (d)

  	
   

  	
   

  	
  7.1

  
	
   

  	
   

  	
  (e)

  	
   

  	
   

  	
  6.14

  
	
  Section 316

  	
   

  	
  (a)

  	
   

  	
   

  	
  2.10

  
	
   

  	
   

  	
  (a)(1)(a)

  	
   

  	
   

  	
  6.12

  
	
   

  	
   

  	
  (a)(1)(b)

  	
   

  	
   

  	
  6.13

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  6.8

  
	
   

  	
   

  	
  (c)

  	
   

  	
   

  	
  Not Applicable

  
	
  Section 317

  	
   

  	
  (a)(1)

  	
   

  	
   

  	
  6.3

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
   

  	
  6.4

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  2.5

  
	
  Section 318

  	
   

  	
  (a)

  	
   

  	
   

  	
  10.1

  

 

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

 

iv

 

Indenture, dated as
of November 5, 2009 (this “Indenture”), between Amphenol
Corporation, a corporation duly incorporated and existing under the laws of
Delaware and having its principal executive office at 358 Hall Avenue, Wallingford, Connecticut 06492 (the “Company”),
and The Bank of New York Mellon, as trustee (the “Trustee”).

 

Each party agrees as
follows for the benefit of the other party and for the equal and ratable
benefit of the Holders of the Securities issued under this Indenture:

 

ARTICLE I

DEFINITIONS AND INCORPORATION BY REFERENCE

 

Section 1.1             Definitions.

 

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

 

“Affiliate” of
any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified
Person.  For the purposes of this
definition, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any
Person, shall mean the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of such Person,
whether through the ownership of voting securities or by agreement or
otherwise.

 

“Agent” means
any Registrar, Paying Agent or Service Agent.

 

“Attributable Debt”
means, when used in connection with a Sale/Leaseback Transaction, on any date
as of which the amount of Attributable Debt is to be determined, the product of
(a) the net proceeds from the Sale/Leaseback Transaction multiplied by (b) a
fraction, the numerator of which is the number of full years of the term of the
lease relating to the property involved in the Sale/Leaseback Transaction
(without regard to any options to renew or extend such term) remaining on the
date of the making of the computation, and the denominator of which is the
number of full years of the term of the lease measured from the first day of
the term.

 

“Bankruptcy Law”
has the meaning set forth in Section 6.1.

 

“Board of
Directors” means the Board of Directors of the Company or any duly authorized
committee thereof.

 

“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been adopted by the Board of Directors or
pursuant to authorization by the Board of Directors and to be in full force and
effect on the date of the certificate and delivered to the Trustee.

 

“Business Day”
means, unless otherwise provided by a Board Resolution, an Officers’
Certificate or a Supplemental Indenture for the Securities of a particular
Series, a day that is not, in New York City, a Saturday, Sunday, a legal
holiday or a day on which banking institutions are authorized or obligated by
law to close.

 

 

“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 any preferred stock and limited liability or partnership interests
(whether general or limited), but excluding any debt securities convertible
into such equity.

 

“Commission”
means the Securities and Exchange Commission or any successor agency.

 

“Company”
means the party named as such above until a successor replaces it and
thereafter means such successor.

 

“Company Order”
means a written order signed in the name of the Company by two Officers, one of
whom must be the Company’s principal executive officer, principal financial
officer or principal accounting officer.

 

“Company Request”
means a written request or order signed in the name of the Company, as the
case may be, by (a) the Chairman of the Board, a Vice Chairman of the
Board, the Chief Executive Officer, the President or a Vice President and by
the Chief Financial Officer, the Treasurer, an Assistant Treasurer, the
Controller, an Assistant Controller, the Secretary or an Assistant Secretary of
the Company, as the case may be, or (b) any two Persons designated in a
Company Order previously delivered to the Trustee by any two of the foregoing
officers.

 

“Consolidated
Net Tangible Assets” means the aggregate amount of assets included
on the Company’s consolidated balance sheet as of the most recent fiscal
quarter end for which such consolidated balance sheet is available, after
deducting therefrom (a) all current liabilities, except for current
maturities of long-term debt and current maturities of obligations under
capital leases, and (b) total goodwill and other intangible assets, all as
set forth on the most recent consolidated balance sheet of the Company and its
consolidated Subsidiaries and computed in accordance with GAAP.

 

“Corporate
Trust Office” means the designated office of the Trustee at which
at any particular time its corporate trust business shall be administered,
which office of The Bank of New York Mellon, at the date of the execution of
this Indenture, is located at 101 Barclay Street, 8th Floor West, New York, New
York 10286, Attention: Global Corporate Trust, or such other address as the
Trustee may designate from time to time by notice to the Holders and the
Company, or the principal corporate trust office of any successor Trustee (or
such other address as such successor Trustee may designate from time to time by
notice to the Holders and the Company).

 

“Covenant
Defeasance” has the meaning set forth in Section 8.3.

 

“Custodian” has the meaning
set forth in Section 6.1.

 

“Default”
means any event that is, or after notice or passage of time or both would be,
an Event of Default.

 

“Depositary”
means, with respect to the Securities of any Series issuable or issued in
whole or in part in the form of one or more Global Securities, the Person
designated as Depositary for such Series by the Company, which Depositary
shall be a clearing agency registered under the Exchange Act; and if at any
time there is more than one such Person, “Depositary” as used with
respect to the Securities of any Series shall mean the Depositary with
respect to the Securities of such Series.

 

2

 

“Discount Security”
means any Security that provides for an amount less than the stated principal
amount thereof to be due and payable upon declaration of acceleration of the
maturity thereof pursuant to Section 6.2.

 

“Dollars” and “$”
means the currency of The United States of America.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Event of Default” has the meaning
set forth in Section 6.1.

 

“Foreign Currency”
means any currency or currency unit issued by a government other than the
government of The United States of America.

 

“Foreign Government
Obligations” means, with respect to Securities of any Series that are
denominated in a Foreign Currency, (a) direct obligations of the
government that issued or caused to be issued such currency for the payment of
which obligations its full faith and credit is pledged or (b) obligations
of a Person controlled or supervised by or acting as an agency or
instrumentality of such government the timely payment of which is
unconditionally guaranteed as a full faith and credit obligation by such
government, which, in the case of either clause (a) or (b), are not
callable or redeemable at the option of the issuer thereof.

 

“GAAP” means
generally accepted accounting principles in the United States set forth in the
opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants and statements and pronouncements of
the Financial Accounting Standards Board or in such other statements by such
other entity as have been approved by a significant segment of the accounting
profession, which are in effect as of the date of determination.

 

“Global Security”
means a Security or Securities, as the case may be, in the form established
pursuant to Section 2.2 evidencing all or part of the Securities of
a particular Series, issued to the Depositary for such Series or its
nominee, and registered in the name of such Depositary or nominee.

 

“Holder” means
a Person in whose name a Security is registered.

 

“Indebtedness” means, with
respect to any Person, obligations (other than Nonrecourse Obligations) of such
Person for borrowed money or evidenced by bonds, debentures, notes or similar
instruments.

 

“Indenture”
means this Indenture as amended or supplemented from time to time, subject to Section 10.1,
and shall include the form and terms of the Securities of a particular Series established
as contemplated hereunder.

 

“interest”
with respect to any Discount Security that by its terms bears interest only
after Maturity means interest payable after Maturity.

 

“Judgment Currency” has the meaning
set forth in Section 10.16.

 

“Legal Defeasance” has the meaning
set forth in Section 8.2.

 

“Legal Holiday” has the meaning
set forth in Section 10.7.

 

3

 

“Market Exchange Rate” has the meaning
set forth in Section 10.15.

 

“Maturity”
when used with respect to any Security or installment of principal thereof,
means the date on which the principal of such Security or such installment of
principal becomes due and payable as therein or herein provided, whether at the
Stated Maturity, upon redemption or required repurchase, by declaration of acceleration or otherwise.

 

“Mortgage” has the meaning set forth in
Section 4.2(a).

 

“New York Banking Day” has the meaning
set forth in Section 10.16.

 

“Nonrecourse Obligation”
means indebtedness or other obligations substantially related to (a) the
acquisition of assets not previously owned by the Company or any Restricted
Subsidiary or (b) the financing of a project involving the development or
expansion of properties of the Company or those of any Restricted Subsidiary,
as to which the obligee with respect to such indebtedness or obligation has no
recourse to the Company or any Restricted Subsidiary or any assets of the
Company or those of any Restricted Subsidiary other than the assets that were
acquired with the proceeds of such transaction or the project financed with the
proceeds of such transaction (and the proceeds thereof).

 

“Officer”
means the Chief Executive Officer, the President, any Vice-President, the Treasurer,
the Secretary, any Assistant Treasurer or any Assistant Secretary of the
Company.

 

“Officers’
Certificate” means a certificate signed by two Officers, one of whom must
be the Company’s principal executive officer, principal financial officer or principal
accounting officer.

 

“Opinion of
Counsel” means a written opinion of legal counsel who is acceptable to the
Trustee.  The counsel may be an employee
of or counsel to the Company.

 

“Paying Agent” has the meaning
set forth in Section 2.4.

 

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

 

“principal” of
a Security means the principal of such Security plus, when applicable, the
premium, if any, on, and any Additional Amounts in respect of, such Security.

 

“Principal Property”
means the land, land improvements, buildings (to the extent they constitute
real property interests and including any leasehold interest therein) and
fixtures (including, for the avoidance of doubt, all machinery and equipment)
constituting the principal corporate office, any manufacturing plant or any
manufacturing facility (whether now owned or hereafter acquired) that:

 

(a)           is owned by the Company or
any of its Subsidiaries;

 

(b)           is located within any of the
present 50 states of the United States of America (or the District of
Columbia); and

 

4

 

(c)           has not been determined in
good faith by the Board of Directors not to be materially important to the
total business conducted by the Company and its Subsidiaries taken as a whole.

 

“Registrar” has the meaning set forth in
Section 2.4.

 

“Required Currency”
has the meaning set forth in Section 10.16.

 

“Responsible
Officer” means, when used with respect to the Trustee, any
officer within the corporate trust department of the Trustee having direct
responsibility for the administration of this Indenture or any other officer to
whom any corporate trust matter is referred because of such Person’s knowledge
of and familiarity with the particular subject.

 

“Restricted
Subsidiary” means any of the Company’s direct or indirect
Subsidiaries that owns any Principal Property; provided,
however, that the term “Restricted Subsidiary” does not
include (a) any such Subsidiary that is principally engaged in leasing or
in financing receivables or that is principally engaged in financing outside
the United States of America the Company’s operations or those of its
Subsidiaries or (b) any such Subsidiary less than 80% of the Voting Stock
of which is owned, directly or indirectly, by the Company, by one or more of
the Company’s other Subsidiaries or by the Company and one or more of the
Company’s other Subsidiaries if the common stock of such Subsidiary is traded
on any national securities exchange or in the over-the-counter market.

 

“Sale/Leaseback
Transaction” has the meaning set forth in Section 4.3(a).

 

“Securities”
means the debentures, notes or other debt instruments of the Company of any Series authenticated
and delivered under this Indenture.

 

“Series” or “Securities
of a Series” means the debentures, notes or other debt instruments of the
Company of a particular series created pursuant to Sections 2.1 and 2.2.

 

“Service Agent”
has the meaning set forth in Section 2.4.

 

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

 

“Subsidiary” means, with
respect to any Person, any corporation, association, partnership or other
business entity of which more than 50% of the total voting power of shares of
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 at the time owned or controlled,
directly or indirectly, by (a) such Person, (b) such Person and one
or more Subsidiaries of such Person or (c) one or more Subsidiaries of
such Person.

 

“Supplemental
Indenture” means any instrument that supplements this Indenture as
contemplated hereunder.

 

“TIA” means
the Trust Indenture Act of 1939 as in effect on the date of this Indenture; provided, however, that in the event the Trust Indenture Act
of 1939 is amended after such date, “TIA” means, to the extent required
by any such amendment, the Trust Indenture Act as so amended.

 

5

 

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

 

“U.S. Government
Obligations” means securities that are (a) direct obligations of the
United States of America for the payment of which its full faith and credit is
pledged or (b) obligations of a Person controlled or supervised by and
acting as an agency or instrumentality of the United States of America, the
payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America, and that in either case of (a) or
(b), are not callable or redeemable at the option of the issuer thereof, and
shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of
the Securities Act) or trust company as custodian with respect to any such U.S.
Government Obligation or a specific payment of interest on or principal of any
such U.S. Government Obligation held by such custodian for the account of the
holder of a depository receipt, provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to
the holder of such depository receipt from any amount received by the custodian
in respect of the U.S. Government Obligation evidenced by such depository
receipt.

 

“Voting Stock” of a Person means all
classes of any and all shares, interests, rights to purchase, warrants,
options, participation or other equivalents of or interests in (however
designated) equity of such Person, including any preferred stock and limited
liability or partnership interests (whether general or limited), but excluding
any debt securities convertible into such equity, to the extent then
outstanding and normally entitled to vote in the election of such Person’s
directors, managers or trustees, as applicable.

 

Section 1.2            Incorporation by Reference
of Trust Indenture Act. 
Whenever this Indenture refers to a provision of the TIA, such provision
is incorporated by reference in and made a part of this Indenture.  The following terms that are defined in the
TIA and used in this Indenture have the following meanings: (a) “indenture
securities” means the Securities; (b) “indenture security holder” means a
Holder; (c) “indenture to be qualified” means this Indenture; (d) “indenture
trustee” or “institutional trustee” means the Trustee; and (e) “obligor”
on the indenture securities means the Company and any successor obligor upon
the Securities.  All other terms used in
this Indenture that are defined in the TIA or a rule thereunder or by the
TIA’s reference to another statute that are not otherwise defined herein are
used herein as so defined.

 

Section 1.3            Rules of Construction.  Unless the context otherwise requires:

 

(a)           a term has the meaning
assigned to it herein;

 

(b)           an accounting term not
otherwise defined has the meaning assigned to it in accordance with GAAP;

 

(c)           any item or list of items
set forth following the word “including” or “include” shall not be construed as
indicating that the category in which such item or items are so included are
limited to such item or items similar to such items;

 

(d)           the word “or” is not
exclusive;

 

6

 

(e)           words in the singular
include the plural, and in the plural include the singular; and

 

(f)            all references in this
Indenture to (i) any designated “Article” or “Section” or any other
subdivision are to the designated Article or Section or other
subdivision, as the case may be, of this Indenture and (ii) the words “herein,”
“hereof” and “hereunder” and other words of similar import refer to this
Indenture as a whole and not to any particular Article or Section or
other subdivision.

 

ARTICLE II

THE SECURITIES

 

Section 2.1            Issuable in Series.  The aggregate principal amount of Securities
that may be authenticated and delivered under this Indenture is unlimited.  The Securities may be issued in one or more
Series.  All Securities of a Series shall
be identical except as may be set forth or determined in the manner provided in
a Board Resolution, an Officers’ Certificate or a Supplemental Indenture
detailing the adoption of the terms thereof pursuant to authority granted under
a Board Resolution.  In the case of
Securities of a Series to be issued from time to time, such Board
Resolution, Officers’ Certificate or Supplemental Indenture detailing the
adoption of the terms thereof pursuant to authority granted under a Board
Resolution may provide for the method by which specified terms (such as
interest rate, maturity date, record date or date from which interest shall
accrue) are to be determined.  Securities
may differ between Series in respect of any matters, provided that all
Securities of a particular Series shall be equally and ratably entitled to
the benefits of the Indenture.

 

Section 2.2            Establishment of Terms of
Securities of a Series.  At
or prior to the issuance of any Securities within a Series, the following shall
be established (as to such Series generally, in the case of Section 2.2(a),
and either as to the Securities within such Series or as to such Series generally,
in the case of Sections 2.2(b) through 2.2(w)) pursuant to a Board
Resolution, and set forth or determined in the manner provided in a Board
Resolution, an Officers’ Certificate or a Supplemental Indenture:

 

(a)           the title of such Series (which
shall distinguish the Securities of such particular Series from the
Securities of any other Series);

 

(b)           the price or prices
(expressed as a percentage of the principal amount thereof) at which the
Securities of such Series will be issued;

 

(c)           any limit upon the aggregate
principal amount of the Securities of such Series that 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 2.7,
2.8, 2.11, 3.6 or 9.6);

 

(d)           the date or dates on which
the principal of the Securities of such Series is payable;

 

(e)           the rate or rates (which may
be fixed or variable) per annum or, if applicable, the method used to determine
such rate or rates (including, but not limited to, any commodity, commodity
index, stock exchange index or financial index) at which the Securities of such
Series shall bear interest, if any, the date or dates from which such
interest,

 

7

 

if any, shall accrue, the date or dates on
which such interest, if any, shall commence and be payable and any regular
record date for the interest payable on any interest payment date;

 

(f)            the place or places where
the principal of and interest, if any, on the Securities of such Series shall
be payable, where the Securities of such Series may be surrendered for
registration of transfer or exchange and where notices and demands to or upon
the Company in respect of the Securities of such Series and this Indenture
may be served, and the method of such payment, if by wire transfer, mail or
other means;

 

(g)           if applicable, the period or
periods within which, the price or prices at which and the terms and conditions
upon which the Securities of such Series may be redeemed, in whole or in
part, at the option of the Company;

 

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

 

(i)            the date or dates, if any,
on which and the price or prices at which the Securities of such Series will
be repurchased by the Company at the option of the Holders thereof and other
detailed terms and provisions of such repurchase obligations;

 

(j)            if other than denominations
of $2,000 and any integral multiple thereof, the denominations in which the
Securities of such Series shall be issuable;

 

(k)           the forms of the Securities
of such Series in fully registered form (and, if in fully registered form,
whether the Securities will be issuable as Global Securities);

 

(l)            if other than the principal
amount thereof, the portion of the principal amount of the Securities of such Series that
shall be payable upon declaration of acceleration of the maturity thereof
pursuant to Section 6.2;

 

(m)          the currency of denomination
of the Securities of such Series, which may be Dollars or any Foreign Currency,
and the agency or organization, if any, responsible for overseeing such
composite currency;

 

(n)           the designation of the
currency, currencies or currency units in which payment of the principal of and
interest, if any, on the Securities of such Series will be made;

 

(o)           if payments of principal of
or interest, if any, on the Securities of such Series are to be made in
one or more currencies or currency units other than that or those in which the
Securities of such Series are denominated, the manner in which the
exchange rate with respect to such payments will be determined;

 

(p)           the manner in which the
amounts of payment of principal of or interest, if any, on the Securities of
such Series will be determined, if such amounts may be determined by
reference to an index based on a currency or currencies or by reference to a
commodity, commodity index, stock exchange index or financial index;

 

8

 

(q)           the provisions, if any,
relating to any security provided for the Securities of such Series;

 

(r)            any addition to or change in
the Events of Default that apply to any Securities of such Series and any
change in the right of the Trustee or the requisite Holders of the Securities
of such Series to declare the principal amount thereof due and payable
pursuant to Section 6.2;

 

(s)           any addition to or change in
the covenants set forth in Article IV or V that apply to Securities of
such Series;

 

(t)            the provisions, if any,
relating to conversion of any Securities of such Series, including, if
applicable, the conversion price, the conversion period, provisions as to
whether conversion will be mandatory, at the option of the Holders or at the
option of the Company, the events requiring an adjustment of the conversion
price and provisions affecting conversion if the Securities of such Series are
redeemed;

 

(u)           whether the Securities of
such Series will be “senior debt securities” or “senior subordinated debt
securities” or “junior subordinated debt securities” and, if applicable, a
description of the subordination terms thereof;

 

(v)           any depositories, interest
rate calculation agents, exchange rate calculation agents or other agents with
respect to Securities of such Series if other than those appointed herein;
and

 

(w)          any other terms of the
Securities of such Series (which may modify or delete any provision of
this Indenture insofar as it applies to the Securities of such Series).

 

All Securities of any
one Series need not be issued at the same time and may be issued from time
to time, consistent with the terms of this Indenture, if so provided in the Board Resolution, Officers’ Certificate or Supplemental Indenture
referred to above.  The authorized
principal amount of any Series may not be increased to provide for
issuances of additional Securities of such Series, unless otherwise provided in
the Board Resolution, Officers’ Certificate or Supplemental Indenture.

 

Section 2.3            Execution and Authentication.  Two Officers shall sign the Securities for the Company
by manual or facsimile signature.

 

If an Officer whose
signature is on a Security no longer holds that office at the time the Security
is authenticated, the Security shall nevertheless be valid.

 

A Security shall not be
valid until authenticated by the manual signature of the Trustee or an
authenticating agent.  The signature
shall be conclusive evidence that the Security has been authenticated under
this Indenture.

 

Upon receipt by the Trustee
of a Company Order, the Trustee shall at any time, and from time to time,
authenticate Securities for original issue in the principal amount provided in
the Board Resolution, Officers’ Certificate or Supplemental Indenture.  Such Company Order may authorize
authentication and delivery pursuant to oral or electronic instructions from
the Company or its duly authorized agent or agents, which oral instructions
shall be promptly confirmed in writing. 
Each

 

9

 

Security shall be dated the date of its
authentication unless otherwise provided in the Board Resolution, an Officers’
Certificate or a Supplemental Indenture.

 

The aggregate principal
amount of Securities of any Series outstanding at any time may not exceed
any limit upon the maximum principal amount for such Series established
pursuant to Section 2.2(c), except as provided in Section 2.8.

 

Prior to the issuance of
Securities of any Series, the Trustee shall have received and, subject to Sections
7.1 and 7.2, shall be fully protected in relying on: (i) the
Board Resolution, Officers’ Certificate or Supplemental Indenture establishing
the form of the Securities of such Series, or of Securities within such Series,
and the terms of the Securities of such Series, or of Securities within such
Series; (ii) an Officers’ Certificate complying with Section 10.4;
and (iii) an Opinion of Counsel complying with Section 10.4.

 

The Trustee shall have the
right to decline to authenticate and deliver any Securities of such Series if
(i) the Trustee, being advised by counsel, determines that such action may
not be taken lawfully or (ii) the Trustee in good faith by its board of
directors or trustees, executive committee or a trust committee of directors or
vice-presidents shall determine that such action would expose the Trustee to
personal liability to Holders of any then outstanding Securities of such
Series.

 

The Trustee may appoint an
authenticating agent acceptable to the Company to authenticate Securities.  An authenticating agent may authenticate
Securities whenever the Trustee may do so. 
Each reference in this Indenture to authentication by the Trustee
includes authentication by such agent. 
An authenticating agent has the same rights as an Agent to deal with the
Company or an Affiliate of the Company.

 

Section 2.4            Registrar and Paying Agent.  The Company shall maintain, with respect to
the Securities of each Series, at the place or places established with respect
to Securities of such Series pursuant to Section 2.2(f), an
office or agency where Securities of such Series may be presented or
surrendered for payment (“Paying Agent”), where Securities of such Series may
be surrendered for registration of transfer or exchange (“Registrar”)
and where notices and demands to or upon the Company in respect of the
Securities of such Series and this Indenture may be served (“Service
Agent”). The Registrar shall keep a register with respect to the Securities
of each Series and to their transfer and exchange.  The Company will give prompt written notice
to the Trustee of the name and address, and any change in the name or address,
of each Registrar, Paying Agent or Service Agent.  If at any time the Company shall fail to
maintain any such required Registrar, Paying Agent or Service Agent or shall
fail to furnish the Trustee with the name and address thereof, such
presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and
demands.

 

The Company may also
from time to time designate one or more co-registrars, additional paying agents
or additional service agents and may from time to time rescind such
designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its
obligations to maintain a Registrar, Paying Agent and Service Agent in each
place so specified pursuant to Section 2.2(f) for Securities
of any Series for such purposes. 
The Company will give prompt written notice to the Trustee of any such
designation or rescission and of any change in the name or address of any such
co-registrar, additional paying agent or additional service agent.  The

 

10

 

term
“Registrar” includes any co-registrar; the term “Paying Agent”
includes any additional paying agent; and the term “Service Agent”
includes any additional service agent.

 

The Company hereby
appoints the Trustee the initial Registrar, Paying Agent and Service Agent for
each Series unless another Registrar, Paying Agent or Service Agent, as
the case may be, is appointed prior to the time Securities of such Series are
first issued.

 

Section 2.5            Paying Agent to Hold Money
in Trust.  The Company
shall require each Paying Agent, if other than the Trustee, to agree in writing
that the Paying Agent will hold in trust, for the benefit of Holders of the
Securities of any Series, or the Trustee, all money held by the Paying Agent
for the payment of principal of or interest on the Securities of such Series,
and will notify the Trustee of any default by the Company in making any such
payment.  While any such default
continues, the Trustee may require a Paying Agent to pay all money held by it
to the Trustee.  The Company at any time
may require a Paying Agent to pay all money held by it to the Trustee.  Upon payment over to the Trustee, the Paying
Agent (if other than the Company or a Subsidiary of the Company) shall have no
further liability for the money.  If the
Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate
and hold in a separate trust account for the benefit of Holders of the
Securities of any Series all money held by it as Paying Agent.

 

Section 2.6            Holder Lists.  The Trustee shall preserve, in as current a
form as is reasonably practicable, the most recent list available to it of the
names and addresses of Holders of the Securities of each Series and shall
otherwise comply with Section 312(a) of the TIA.  If the Trustee is not the Registrar, the
Company shall furnish to the Trustee at least ten days before each interest
payment date and at such other times as the Trustee may request in writing a
list, in such form and as of such date as the Trustee may reasonably require,
of the names and addresses of Holders of the Securities of each Series.

 

Section 2.7            Transfer and Exchange.  Where Securities of a Series are
presented to the Registrar or a co-registrar with a request to register a
transfer or to exchange them for an equal principal amount of Securities of the
same Series, the Registrar shall register the transfer or make the exchange if
the requirements for such transactions are met. 
Upon any transfer or exchange, the Registrar and the Trustee may require
a Holder to furnish appropriate endorsements and transfer documents.  To permit registrations of transfers and
exchanges, the Trustee shall authenticate Securities at the Registrar’s
request.  No service charge shall be made
for any registration of transfer or exchange (except as otherwise expressly
permitted herein), but the Company or the Trustee may require payment of a sum
sufficient to cover any transfer tax or similar governmental charge payable in
connection therewith (other than any such transfer tax or similar governmental
charge payable upon exchanges pursuant to Section 2.11, Section 3.6
or Section 9.6).

 

Neither the Company
nor the Registrar shall be required (a) to issue, register the transfer
of, or exchange Securities of any Series for the period beginning at the
opening of business fifteen days immediately preceding the mailing of a notice
of redemption of Securities of such Series selected for redemption and
ending at the close of business on the day of such mailing, or (b) to
register the transfer of or exchange Securities of any Series selected,
called or being called for redemption as a whole or the portion being redeemed
of any such Securities selected, called or being called for redemption in part.

 

Section 2.8            Mutilated, Destroyed, Lost
and Stolen Securities.  If
any mutilated Security is surrendered to the Trustee, the Company shall execute
and the Trustee shall authenticate and make

 

11

 

available
for delivery in exchange therefor a new Security of the same Series and of
like tenor and principal amount and bearing a number not contemporaneously
outstanding.

 

If there shall be
delivered to the Company and the Trustee (a) evidence to their
satisfaction of the destruction, loss or theft of any Security and (b) such
security or indemnity as may be required by each of them to hold each of them
and any agent of either of them harmless, then, in the absence of notice to the
Company or the Trustee that such Security has been acquired by a protected
purchaser (within the meaning of the Uniform Commercial Code as in effect
in the jurisdiction in which the Company is organized), the Company shall execute and upon its request the Trustee shall
authenticate and make available for delivery, in lieu of any such destroyed,
lost or stolen Security, a new Security of the same Series and of like
tenor and principal amount and bearing a number not contemporaneously
outstanding.

 

In case any such
mutilated, destroyed, lost or stolen Security has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new
Security, pay such Security.

 

Upon the issuance of
any new Security under this Section 2.8, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including the
fees and expenses of the Trustee) connected therewith.

 

Every new Security of
any Series issued pursuant to this Section 2.8 in lieu of any
destroyed, lost or stolen Security shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or
stolen Security shall be at any time enforceable by anyone, and shall be
entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of such Series duly issued hereunder.

 

The provisions of
this Section 2.8 are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment
of mutilated, destroyed, lost or stolen Securities.

 

Section 2.9            Outstanding Securities.  The Securities outstanding at any time are
all the Securities authenticated by the Trustee except for those canceled by it
pursuant to Section 2.12, those delivered to it for cancellation,
those reductions in the interest on a Global Security effected by the Trustee
in accordance with the provisions hereof and those described in this Section 2.9
as not outstanding.

 

If a Security is
replaced pursuant to this Section 2.9, it ceases to be outstanding
until the Trustee receives proof satisfactory to it that the replaced Security
is held by a protected purchaser.

 

If the Paying Agent
(other than the Company, a Subsidiary of the Company or an Affiliate of the
Company) holds on the Maturity of Securities of a Series money sufficient
to pay such Securities payable on that date, then on and after that date, the
Securities of such Series cease to be outstanding and interest on them
ceases to accrue.

 

A Security does not
cease to be outstanding because the Company or an Affiliate of the Company
holds the Security.

 

12

 

In determining
whether the Holders of the requisite principal amount of outstanding Securities
have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, the principal amount of a Discount Security that shall be
deemed to be outstanding for such purposes shall be the amount of the principal
thereof that would be due and payable as of the date of such determination upon
a declaration of acceleration of the Maturity thereof pursuant to Section 6.2.

 

Section 2.10          Treasury Securities.  In determining whether the Holders of the
required principal amount of Securities of a Series have concurred in any
request, demand, authorization, direction, notice, consent or waiver,
Securities of a Series owned by the Company shall be disregarded, except
that for the purposes of determining whether the Trustee shall be protected in
relying on any such request, demand, authorization, direction, notice, consent
or waiver, only Securities of a Series that a Responsible Officer of the
Trustee knows are so owned shall be so disregarded.

 

Section 2.11          Temporary Securities.  Until definitive Securities are ready for
delivery, the Company may prepare and the Trustee upon request shall
authenticate temporary Securities upon a Company Order.  Temporary Securities shall be substantially
in the form of definitive Securities but may have variations that the Company considers
appropriate for temporary Securities. 
Without unreasonable delay, the Company shall prepare and the Trustee
upon request shall authenticate definitive Securities of the same Series and
date of maturity in exchange for temporary Securities.  Until so exchanged, temporary securities
shall have the same rights under this Indenture as the definitive Securities.

 

Section 2.12          Cancellation.  The Company at any time may deliver
Securities to the Trustee for cancellation. 
The Registrar and the Paying Agent shall forward to the Trustee any
Securities surrendered to them for registration of transfer, exchange or
payment.  The Trustee shall cancel all
Securities surrendered for registration of transfer, exchange, payment,
replacement or cancellation in accordance with its customary procedures and, if
requested in writing by the Company, deliver such canceled Securities to the
Company or as it otherwise directs; provided, however,
that the Trustee shall not be required to destroy Securities.  The Company may not issue new Securities to
replace Securities that it has paid or delivered to the Trustee for
cancellation.

 

Section 2.13          Defaulted Interest.  If the Company defaults in a payment of
interest on the Securities of any Series, it shall pay the defaulted interest,
plus, to the extent permitted by law, any interest payable on the defaulted
interest, to the Persons who are Holders of the Securities of such Series on
a subsequent special record date.  The
Company shall fix the record date and payment date.  At least ten days before the record date, the
Company shall mail to the Trustee and to each Holder of such Series a
notice that states the record date, the payment date and the amount of interest
to be paid.  The Company may pay
defaulted interest in any other lawful manner.

 

Section 2.14           Global
Securities.

 

(a)           Terms of Securities.  A Board Resolution, an Officers’ Certificate
or a Supplemental Indenture shall establish whether the Securities of a Series shall
be issued in whole or in part in the form of one or more Global Securities and
the Depositary for such Global Security or Securities.

 

13

 

(b)           Transfer and Exchange.  Notwithstanding any provisions to the
contrary contained in Section 2.7, any Global Security shall be
exchangeable pursuant to Section 2.7 for Securities registered in
the names of Holders other than the Depositary therefor or its nominee only if (i) such
Depositary notifies the Company that it is unwilling or unable to continue as
Depositary for such Global Security or if at any time such Depositary ceases to
be a clearing agency registered under the Exchange Act, and, in either case,
the Company fails to appoint a successor Depositary registered as a clearing
agency under the Exchange Act within 90 days of such event, (ii) the
Company executes and delivers to the Trustee an Officers’ Certificate to the
effect that such Global Security shall be so exchangeable or (iii) an
Event of Default with respect to the Securities represented by such Global Security
shall have happened and be continuing. Any Global Security that is exchangeable
pursuant to the preceding sentence shall be exchangeable for Securities
registered in such names as the Depositary shall direct in writing in an
aggregate principal amount equal to the principal amount of the Global Security
with like tenor and terms.  Except as
provided in this Section 2.14(b), a Global Security may not be
transferred except as a whole by the Depositary with respect to such Global
Security to a nominee of such Depositary, by a nominee of such Depositary to
such Depositary or another nominee of such Depositary or by the Depositary or
any such nominee to a successor Depositary or a nominee of such a successor
Depositary.

 

(c)           Legend.  Any Global Security issued hereunder shall
bear a legend in substantially the following form:

 

“This Security is a Global Security
within the meaning of the Indenture hereinafter referred to and is registered
in the name of the Depositary or a nominee of the Depositary.  This Security is exchangeable for Securities
registered in the name of a Person other than the Depositary or its nominee
only in the limited circumstances described in the Indenture, and may not be
transferred except as a whole by the Depositary to a nominee of the Depositary,
by a nominee of the Depositary to the Depositary or another nominee of the
Depositary or by the Depositary or any such nominee to a successor Depositary
or a nominee of such a successor Depositary.”

 

(d)           Acts of Holders.  The Depositary, as a Holder, may appoint
agents and otherwise authorize participants to give or take any request,
demand, authorization, direction, notice, consent, waiver or other action that
a Holder is entitled to give or take under the Indenture.

 

(e)           Payments.  Notwithstanding the other provisions of this
Indenture, unless otherwise specified as contemplated by Section 2.2,
payment of the principal of and interest, if any, on any Global Security shall
be made to the Holder thereof.

 

(f)            Consents, Declaration and
Directions.  Except as
provided in Section 2.14(e), the Company, the Trustee and any Agent
shall treat a Person as the Holder of such principal amount of outstanding
Securities of such Series represented by a Global Security as shall be
specified in a written statement of the Depositary with respect to such Global
Security, for purposes of obtaining any consents, declarations, waivers or
directions required to be given by the Holders pursuant to this Indenture.

 

14

 

Section 2.15          CUSIP Numbers.  The Company in issuing the Securities may use
“CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP”
numbers in notices of redemption as a convenience to Holders; provided, however, that any such notice may state that no
representation is made as to the correctness of such numbers either as printed
on the Securities or as contained in any notice of a redemption and that
reliance may be placed only on the other elements of identification printed on
the Securities, and any such redemption shall not be affected by any defect in
or omission of such numbers. The Company shall promptly notify the Trustee in
writing of any change in “CUSIP” numbers of which the Company becomes aware.

 

ARTICLE III

REDEMPTION

 

Section 3.1            Notice to Trustee.  The Company may, with respect to the
Securities of any Series, reserve the right to redeem and pay the Securities of
such Series or may covenant to redeem and pay the Securities of such Series or
any part thereof prior to the Stated Maturity thereof at such time and on such
terms as provided for in the Securities of such Series.  If the Securities of any Series are
redeemable and the Company wants or is obligated to redeem prior to the Stated
Maturity thereof all or part of the Securities of such Series pursuant to
the terms of the Securities of such Series, it shall notify the Trustee of the
date of such redemption and the principal amount of the Securities of such Series to
be redeemed.  The Company shall give the
notice at least 45 days before the date of such redemption (or such shorter
notice as may be acceptable to the Trustee).

 

Section 3.2            Selection of Securities to
be Redeemed.  Unless
otherwise indicated for the Securities of a particular Series by a Board
Resolution, an Officers’ Certificate or a Supplemental Indenture, if less than
all the Securities of a Series are to be redeemed, the Trustee shall, not
less than 30 nor more than 60 days prior to the date of redemption, select the
Securities of such Series to be redeemed in any manner that the Trustee
deems fair and appropriate.  The Trustee
shall make the selection from Securities of such Series outstanding not
previously called for redemption.  The
Trustee may select for redemption portions of the principal of Securities of
such Series that have denominations larger than $2,000.  Securities of such Series and portions
of them it selects shall be in amounts of $1,000 or whole multiples of $1,000
or, if the Securities of such Series are issuable in other denominations
pursuant to Section 2.2(j), the minimum principal denomination for
the Securities of such Series and integral multiples thereof.  Provisions of this Indenture that apply to
Securities of a Series called for redemption also apply to portions of
Securities of such Series called for redemption.

 

Section 3.3            Notice of Redemption.  Unless otherwise indicated for a particular Series by
Board Resolution, an Officers’ Certificate or a Supplemental Indenture, at
least 30 days but not more than 60 days before any date of redemption of the
Securities of any Series, the Company shall mail a notice of redemption by
first-class mail to each Holder whose Securities are to be redeemed.

 

The notice shall
identify the Securities of such Series to be redeemed and shall state:

 

(a)           the date of such redemption;

 

(b)           the redemption price;

 

15

 

(c)           if less than all outstanding
Securities of such Series are to be redeemed, the identification of the
particular Securities (or portion thereof) of such Series to be redeemed,
as well as the aggregate principal amount of Securities of such Series to
be redeemed;

 

(d)           the name and address of the
Paying Agent;

 

(e)           that Securities of such Series called
for redemption must be surrendered to the Paying Agent to collect the
redemption price;

 

(f)            that interest on Securities
of such Series called for redemption ceases to accrue on and after the
date of such redemption;

 

(g)           the CUSIP number, if any;
and

 

(h)           any other information as may
be required by the terms of the particular Series or the Securities of a Series being
redeemed.

 

Subject to Section 3.1,
at the Company’s written request, the Trustee shall give the notice of
redemption in the Company’s name and at its expense.

 

Section 3.4            Effect of Notice of
Redemption.  Once notice
of redemption is mailed or published as provided in Section 3.3,
Securities of a Series called for redemption become due and payable on the
date of such redemption and at the redemption price.  A notice of redemption may not be
conditional.  Upon surrender to the
Paying Agent, such Securities shall be paid at the redemption price plus
accrued interest to the date of such redemption; provided,
however, that installments of interest whose Stated Maturity is on
or prior to the date of such redemption shall be payable to the Holders of such
Securities (or one or more predecessor Securities) registered at the close of
business on the relevant record date therefor according to their terms and the
terms of this Indenture.

 

Section 3.5            Deposit of Redemption Price.  On or before 10:00 a.m., New York City
time, on the date of such redemption, the Company shall deposit with the Paying
Agent money sufficient to pay the redemption price of and accrued interest, if
any, on all Securities to be redeemed on that date.

 

Section 3.6            Securities Redeemed in Part.  Upon surrender of a Security that is redeemed
in part, the Trustee shall authenticate for the Holder a new Security of the
same Series and the same maturity equal in principal amount to the
unredeemed portion of the Security surrendered.

 

ARTICLE IV

COVENANTS

 

Section 4.1            Payment of Principal and
Interest.  The Company
covenants and agrees for the benefit of the Holders of the Securities of each Series that
it will duly and punctually pay the principal of and interest, if any, on the
Securities of such Series in accordance with the terms of the Securities
of such Series and this Indenture.

 

16

 

Section 4.2            Limitation on Liens.

 

(a)           So long as any of the
Securities of any Series are outstanding, the Company will not itself, and
will not permit any Restricted Subsidiary to, directly or indirectly, issue,
incur, create, assume or guarantee any Indebtedness secured by a mortgage,
security interest, pledge, lien, charge or other encumbrance upon any Principal
Property or upon any shares of Capital Stock or Indebtedness of any Restricted
Subsidiary (a “Mortgage”), whether such Principal Property, shares or
Indebtedness are now existing or owned or hereafter created or acquired, unless
prior to or at the same time the Securities of such Series are equally and
ratably secured with or, at the option of the Company, prior to such secured
Indebtedness; provided, however,
that this Section 4.2 shall not apply to:

 

(i)                 Mortgages on
property, shares of Capital Stock or Indebtedness or other assets of any
corporation existing at the time such corporation becomes a Restricted
Subsidiary, provided that such Mortgage was not incurred in anticipation of such
corporation becoming a Restricted Subsidiary;

 

(ii)                Mortgages on
property, shares of Capital Stock or Indebtedness existing at the time of
acquisition by the Company or any Restricted Subsidiary (which may include
property previously leased by the Company and leasehold interests on the
property, provided that the lease terminates prior to or upon the acquisition),
provided that such Mortgage was not incurred in anticipation of such
acquisition;

 

(iii)               Mortgages on
property, shares of Capital Stock or Indebtedness to secure any Indebtedness
incurred prior to, at the time of, or within 270 days after, the latest of the
acquisition of such property, shares of stock or indebtedness, or in the case
of real property, the completion of construction, the completion of
improvements or the beginning of substantial commercial operation of such real
property for the purpose of financing all or any part of the purchase price of
such real property, the construction thereof or the making of improvements
thereto;

 

(iv)               Mortgages in
favor of the Company or another Restricted Subsidiary;

 

(v)                Mortgages
existing on the date of issuance of the Securities of such Series;

 

(vi)               Mortgages on
property or other assets of a corporation existing at the time a corporation is
merged into or consolidated with either the Company or any Restricted
Subsidiary or at the time of a sale, lease or other disposition of the
properties of a corporation as an entirety or substantially as an entirety to
either the Company or any Restricted Subsidiary, provided that this Mortgage
was not incurred in anticipation of the merger or consolidation or sale, lease
or other disposition;

 

(vii)              Mortgages in
favor of the United States of America or any state, territory or possession
thereof (or the District of Columbia) to secure partial, progress, advance or
other payments pursuant to any contract or statute or to secure any
Indebtedness incurred for the purpose of financing all or any part of the
purchase price or cost of constructing or improving the property subject to
such Mortgages;

 

17

 

(viii)           Mortgages created
in connection with a project financed with, and created to secure, a
Nonrecourse Obligation;

 

(ix)           Mortgages securing
all of the Securities of such Series;

 

(x)            Mortgages on
accounts receivable securing the Company’s indebtedness; or

 

(xi)           extensions,
renewals or replacements of any Mortgage referred to in clauses (i) through
(x) above without increase of the principal of the Indebtedness secured by the Mortgage;

 

provided, however, that any Mortgages permitted by any of clauses (i) through
(xi) above shall not extend to or cover any property of the Company or that of
any Restricted Subsidiary, as the case may be, other than the property
specified in these clauses and improvements to this property.

 

(b)           Notwithstanding Section 4.2(a), the Company
and any Restricted Subsidiary, or any of them, may issue, incur, create, assume
or guarantee Indebtedness secured by a Mortgage without equally and ratably
securing the Securities of any Series then outstanding; provided,  that at the
time of such issuance, incurrence, creation, assumption or guarantee, after
giving effect thereto and to the retirement of any Indebtedness that is
concurrently being retired, the aggregate amount of all outstanding
Indebtedness secured by Mortgages (excluding Mortgages permitted under clauses (i) through
(xi) of Section 4.2(a)) does not at such time exceed 15% of
Consolidated Net Tangible Assets.

 

(c)           Notwithstanding the foregoing, any Mortgage securing the
Securities granted pursuant to this covenant shall be automatically and
unconditionally released and discharged upon the release by all holders of the
Indebtedness secured by the Mortgage giving rise to the Mortgage securing the
Securities (including any deemed release upon payment in full of all
obligations under such Indebtedness).

 

Section 4.3             Limitation on Sale/Leaseback
Transactions.

 

(a)           So long as any of the Securities are outstanding, the
Company will not itself, and it will not permit any Restricted Subsidiary to,
enter into any arrangement relating to property now owned or hereafter acquired
whereby either the Company transfers, or any Restricted Subsidiary transfers,
such property to a Person and either the Company or any Restricted Subsidiary
leases it back from such Person (a “Sale/Leaseback Transaction”) with
respect to any Principal Property, whether now owned or hereafter acquired by
the Company or any Restricted Subsidiary, unless:

 

(i)            the Company or such
Restricted Subsidiary would, at the time of entering into such arrangement, be
able to incur Indebtedness secured by a Mortgage on the Principal Property
involved in the transaction at least equal in amount to the Attributable Debt
with respect to such Sale/Leaseback Transaction, without equally and ratably
securing the Securities of such Series pursuant to Section 4.2;
or

 

18

 

(ii)           the net proceeds of
the sale of the Principal Property to be leased are at least equal to such
Principal Property’s fair market value, as determined by the Board of Directors,
and the proceeds are applied within 180 days of the effective date of the
Sale/Leaseback Transaction to the purchase, construction, development or
acquisition of assets that are Principal Property or to the repayment of senior
Indebtedness of the Company or any Restricted Subsidiary.

 

(b)           The restrictions set forth in Section 4.3(a) will
not apply to a Sale/Leaseback Transaction: (i) entered into prior to the
date of issuance of the Securities of such Series; (ii) between the
Company and a Restricted Subsidiary or between Restricted Subsidiaries; (iii) under
which the rent payable pursuant to such lease is to be reimbursed under a
contract with the U.S. Government or any instrumentality or agency thereof; (iv) involving
leases for a period of no longer than three years; or (v) in which the
lease for the property or asset is entered into within 270 days after the date
of acquisition, completion of construction or commencement of full operations
of such property or asset, whichever is latest.

 

(c)           Notwithstanding the restrictions contained in this Section 4.3,
the Company and its Restricted Subsidiaries, or any of them, may enter into a
Sale/Leaseback Transaction; provided that
at the time of such transaction, after giving effect thereto, the aggregate
amount of all Attributable Debt with respect to Sale/Leaseback Transactions
existing at such time that could not have been entered into except for the
provisions of this Section 4.3(c), together with the aggregate
amount of all outstanding Indebtedness secured by Mortgages pursuant to Section 4.2(a),
does not at such time exceed 15% of Consolidated Net Tangible Assets.

 

(d)           A Sale/Leaseback Transaction shall not be deemed to result
in the creation of a Mortgage.

 

Section 4.4             Commission Reports.  The Company shall, so long as any of the
Securities are outstanding:

 

(a)           file with the
Trustee (electronically or in hard copy), within 15 days after the Company
files 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) that the Company may be required to file with the
Commission pursuant to Section 13 or 15(d) of the Exchange Act; or,
if the Company is not required to file information, documents or reports
pursuant to either of such Sections, then the Company shall file with the
Trustee and the Commission, in accordance with the rules and regulations
prescribed from time to time by the Commission, such of the supplementary and
periodic information, documents and reports that may be required pursuant to Section 13
of the Exchange Act 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; notwithstanding anything to the contrary herein, the Trustee shall
have no duty to review such documents for the purposes of determining
compliance with any provision of this Indenture;

 

(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

 

19

 

covenants of this
Indenture as may be required from time to time by such rules and
regulations; and

 

(c)           transmit by mail
to all Holders, as their names and addresses appear in the register kept
by the Registrar, within 30 days after
the filing thereof with the Trustee, such summaries of any information,
documents and reports required to be filed by the Company pursuant to Section 4.4(a) or
4.4(b) as may be required by the rules and regulations
prescribed from time to time by the Commission; provided,
however, that the Company will be deemed to have furnished such
information, documents and reports to Holders if it has filed such information,
documents and reports with the Commission using the EDGAR filing system and
such information, documents and reports are publicly available via EDGAR.

 

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

 

Section 4.5             Compliance Certificate.  The Company shall, so long as any of the
Securities are outstanding, deliver to the Trustee, within 120 days after the
end of each fiscal year of the Company, an Officers’ Certificate stating
whether or not to the knowledge of the signers thereof the Company is in
default in the performance and observance of any of the terms, provisions and
conditions hereof (without regard to any period of grace or requirement of
notice provided hereunder), and if a Default or Event of Default shall have
occurred, specifying all such Defaults or Events of Default and the nature and
status thereof of which they may have knowledge.

 

The Company shall, so
long as any of the Securities are outstanding, deliver to the Trustee, within
30 days after becoming aware of any Default or Event of Default, an Officers’
Certificate specifying such Default or Event of Default and what action the
Company is taking or proposes to take with respect thereto.

 

Section 4.6             Corporate Existence.  Except as otherwise permitted by Article V,
the Company shall do or cause to be done all things necessary to preserve and
keep in full force and effect its corporate existence.

 

ARTICLE V

SUCCESSORS

 

Section 5.1             When Company May Merge,
Etc.  The Company shall not
consolidate with, or sell, lease, convey or otherwise transfer all or
substantially all of the Company’s assets to, or merge with or into, any other
Person or entity, unless:

 

(a)           the Company shall be the continuing person, or if the
Company shall consolidate with, or sell, lease, convey or otherwise transfer
all or substantially all of the Company’s assets to, or merge with or into,
another Person, the Person to be formed from such consolidation or merger, or
the Person that received the transfer of the assets, is organized and validly
existing as a corporation under the laws of any state of the United States of
America, or the District of Columbia, and shall expressly assume, by a
Supplemental Indenture, executed and delivered to the Trustee, in form
satisfactory to the

 

20

 

Trustee, the due and punctual payment of the
principal of and premium, if any, and interest on all the Securities and the
performance or observance of every covenant of this Indenture on the part of
the Company to be performed or observed;

 

(b)           immediately after giving effect to such transaction, no
Event of Default with respect to the Securities of any Series, and no event
that, after notice or lapse of time or both, would become an Event of Default
with respect to the Securities of such Series, shall have happened and be
continuing; and

 

(c)           the Company has delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that such consolidation,
merger, conveyance or transfer and, if a Supplemental Indenture is required in
connection with such transaction, such Supplemental Indenture, comply with this
Article V and that all conditions precedent herein provided for relating
to such transaction have been complied with.

 

Section 5.2             Successor Person Substituted.  Upon any consolidation of the Company with,
or merger by the Company into, any other Person or sale, conveyance, transfer
or lease of the properties and assets of the Company substantially as an
entirety in accordance with Section 5.1, the successor Person
formed by such consolidation or into which the Company is merged or to which
such conveyance, transfer or lease is made shall succeed to, and be substituted
for, and may exercise every right and power of, the Company under this
Indenture with the same effect as if such successor Person had been named as
the Company herein, and thereafter, except in the case of a lease of all or
substantially all of the Company’s assets, the predecessor Person shall not be
relieved from its obligation to pay the principal of and interest on the
Securities.

 

ARTICLE VI

DEFAULTS AND REMEDIES

 

Section 6.1             Events of Default.  The term “Event of Default,” wherever
used herein with respect to the Securities of any Series, means any one of the
following events, unless in the Board Resolution, Officers’ Certificate or
Supplemental Indenture establishing the Securities of such Series, it is
provided that the Securities of such Series shall not have the benefit of
such Event of Default:

 

(a)           default in the payment of any interest on any Security of
such Series when it becomes due and payable, and continuance of such
default for a period of 30 days; or

 

(b)           default in the payment of principal of or premium, if any,
on any Security of such Series at its Maturity, including at the Stated
Maturity, upon redemption or required repurchase or by declaration of
acceleration thereof or otherwise; or

 

(c)           default in the performance or breach of any covenant or
warranty of the Company in this Indenture (other than a covenant or warranty
for which the consequences of nonperformance or breach are addressed elsewhere
in this Section 6.1 and other than a covenant or warranty that has
been included in this Indenture solely for the benefit of the Securities of a Series other
than such Series), which default continues uncured for a period of 90 days
after there has been given, by registered or certified mail, to the Company by
the Trustee or to the Company and the Trustee by the Holders of at least 25% in
principal amount of the outstanding Securities of such Series a written
notice specifying such default

 

21

 

or breach and requiring it to be remedied and
stating that such notice is a “Notice of Default” hereunder; or

 

(d)           (i) a failure to make any payment at Maturity,
including any applicable grace period, on any of the Company’s Indebtedness in
an amount in excess of $50,000,000 or (ii) a default on any of the Company’s
Indebtedness, which default results in the acceleration of Indebtedness in an
amount in excess of $50,000,000; or

 

(e)           the Company, pursuant to or within the meaning of any
Bankruptcy Law, (i) commences a voluntary case, (ii) consents to the
entry of an order for relief against it in an involuntary case, (iii) consents
to the appointment of a Custodian of it or for all or substantially all of its
property, (iv) makes a general assignment for the benefit of its creditors
or (v) generally is unable to pay its debts as the same become due or the
taking of corporate action by the Company in furtherance of such action; or

 

(f)            a court of competent jurisdiction enters an order or
decree under any Bankruptcy Law that (i) is for relief against the Company
in an involuntary case, (ii) appoints a Custodian of the Company or for
all or substantially all of its property or (iii) orders the liquidation
of the Company, and such order or decree remains unstayed and in effect for 90
days; or

 

(g)           any other Event of Default provided with respect to
Securities of such Series, which is specified in a Board Resolution, an
Officers’ Certificate or a Supplemental Indenture, in accordance with Section 2.2(r).

 

The foregoing will constitute Events of Default
whatever the reason for any such Event of Default and whether it is voluntary
or involuntary or is 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.

 

The term “Bankruptcy
Law” means Title 11 of the U.S. Code or any similar federal or state law
for the relief of debtors.  The term “Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law.

 

Section 6.2             Acceleration of Maturity;
Rescission and Annulment.  If an Event
of Default with respect to Securities of any Series outstanding at the
time such Even of Default occurs and is continuing (other than an Event of
Default referred to in Section 6.1(e) or 6.1(f)), then
in every such case the Trustee or the Holders of not less than 25% in aggregate
principal amount of the outstanding Securities of such Series may declare
the entire principal amount (or, if any Securities of such Series are
Discount Securities, such portion of the principal amount as may be specified
in the terms of the Securities of such Series) of and accrued but unpaid
interest, if any, on all of 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 Holders), and upon any such declaration such principal amount (or
specified amount) and accrued but unpaid interest, if any, shall become
immediately due and payable. If an Event of Default specified in Section 6.1(e) or
6.1(f) shall occur, the principal amount (or specified amount) of
and accrued but unpaid interest, if any, on all outstanding Securities 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.

 

22

 

At any time after such 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 provided in this Article VI, the Holders of a
majority in principal amount of the outstanding Securities of such Series, by
written notice to the Company and the Trustee, may rescind and annul such
declaration with respect to the Securities of such Series and its
consequences if:

 

(a)           the Company has paid or deposited with the Trustee a sum
sufficient to pay in the currency or currency unit in which the Securities of
such Series are payable:

 

(i)                 all overdue
interest on all the Securities of such Series;

 

(ii)                the principal
of any Securities of such Series that have become due otherwise than by
such declaration of acceleration and interest thereon from the date such
principal became due at a rate per annum equal to the rate borne by the
Securities of such Series, to the extent that the payment of such interest
shall be legally enforceable;

 

(iii)               to the extent
that payment of such interest is lawful, interest upon overdue interest at a
rate per annum equal to the rate borne by the Securities of such Series; 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 to the Trustee under Section 7.7; and

 

(b)           all Events of Default with respect to the Securities of
such Series, other than the nonpayment of the principal of the Securities of
such Series that has become due solely by such acceleration, have been
cured or waived as provided in Section 6.13.  No such rescission shall affect any subsequent
Default or impair any right consequent thereon.

 

Section 6.3             Collection of Indebtedness and
Suits for Enforcement by Trustee. 
The Company covenants that if:

 

(a)           default is made in the payment of any interest on any
Security when such interest becomes due and payable and such default continues
for a period of 30 days, or

 

(b)           default is made in the payment of principal of or premium,
if any, on any Security of such Series at Maturity thereof, upon optional
redemption or required repurchase, upon declaration of acceleration or
otherwise,

 

then the
Company will, upon demand of the Trustee, pay to the Trustee, for the benefit
of the Holders of such Securities, the whole amount then due and payable on
such Securities for principal and interest and, to the extent that payment of
such interest shall be legally enforceable, interest on any overdue principal
and any overdue interest at the rate or rates prescribed therefor in such
Securities and, in addition thereto, such further amount as shall be sufficient
to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel.

 

23

 

If the Company fails
to pay such amounts forthwith upon such demand, the Trustee, in its own name
and as trustee of an express trust, may institute a judicial proceeding for the
collection of the sums so due and unpaid, may prosecute such proceeding to
judgment or final decree and may enforce the same against the Company or any
other obligor upon such Securities and collect the moneys adjudged or deemed to
be payable in the manner provided by law out of the property of the Company or
any other obligor upon such Securities, wherever situated.

 

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

 

Section 6.4             Trustee May File Proofs of
Claim.  In case of the pendency of
any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to
the Company or any other obligor upon the Securities or the property of the
Company or of such other obligor or their creditors, the Trustee (irrespective
of whether the principal of the Securities shall then be due and payable as
therein expressed or by declaration or otherwise and irrespective of whether
the Trustee shall have made any demand on the Company for the payment of
overdue principal or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise:

 

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

 

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

 

and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to
the Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee under Section 7.7.

 

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

 

Section 6.5             Trustee May Enforce Claims
Without Possession of Securities. 
All rights of action and claims under this Indenture or the Securities
may be prosecuted and enforced by the Trustee without the possession of any of
the Securities or the production thereof in any proceeding relating thereto,
and any such proceeding instituted by the Trustee shall be brought in its own
name as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of

 

24

 

the
reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel, be for the ratable benefit of the Holders of the
Securities in respect of which such judgment has been recovered.

 

Section 6.6             Application of Money Collected.  Any money collected by the Trustee pursuant
to this Article VI shall be applied in the following order, at the date or
dates fixed by the Trustee and, in case of the distribution of such money on
account of principal or interest, upon presentation of the Securities and the
notation thereon of the payment if only partially paid and upon surrender thereof
if fully paid:

 

(a)           First: To the payment of all amounts due the Trustee under
Section 7.7; and

 

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

 

(c)           Third: To the Company.

 

Section 6.7             Limitation on Suits.  No Holder of any Security of any Series shall
have any right to institute any proceeding, judicial or otherwise, with respect
to this Indenture, or for the appointment of a receiver or trustee, or for any
other remedy hereunder, unless:

 

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

 

(b)           the Holders of at least 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
security or indemnity against the costs, expenses and liabilities that may be
incurred by it in compliance with such request;

 

(d)           the Trustee for 60 days after its receipt of such notice,
request and offer of security or 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 whatsoever by virtue of, or by availing of, any provision
of this Indenture to affect, disturb or prejudice the rights of any other of
such Holders, or to obtain or to seek to obtain priority or preference over any
other of such Holders or to enforce any right under this Indenture, except in
the manner herein provided and for the equal and ratable benefit of all such
Holders.

 

Section 6.8             Unconditional Right of Holders
to Receive Principal and Interest. 
Notwithstanding any other provision in this Indenture, the Holder of any
Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of and interest, if any,

 

25

 

on
such Security on the Stated Maturity or Stated Maturities expressed in such
Security (or, in the case of redemption, on the date of such redemption) and to
institute suit for the enforcement of any such payment, and such rights shall
not be impaired without the consent of such Holder.

 

Section 6.9             Restoration of Rights and
Remedies.  If the Trustee or any
Holder has instituted any proceeding to enforce any right or remedy under this
Indenture and such proceeding has been discontinued or abandoned for any
reason, or has been determined adversely to the Trustee or to such Holder, then
and in every such case, subject to any determination in such proceeding, the
Company, the Trustee and the Holders shall be restored severally and
respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such
proceeding had been instituted.

 

Section 6.10           Rights and Remedies Cumulative.  Except as otherwise provided with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Securities
in Section 2.8, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any
other right or remedy, and every right and remedy shall, to the extent
permitted by law, be cumulative and in addition to every other right and remedy
given hereunder or now or hereafter existing at law or in equity or
otherwise.  The assertion or employment
of any right or remedy hereunder, or otherwise, shall not, to the extent
permitted by law, prevent the concurrent assertion or employment of any other
appropriate right or remedy.

 

Section 6.11           Delay or Omission Not Waiver.  No delay or omission of the Trustee or of any
Holder of any Securities to exercise any right or remedy accruing upon any
Event of Default shall impair any such right or remedy or constitute a waiver
of any such Event of Default or an acquiescence therein.  Every right and remedy given by this Article VI
or by law to the Trustee or to the Holders may be exercised from time to time,
and as often as may be deemed expedient, by the Trustee or by the Holders, as
the case may be.

 

Section 6.12           Control by Holders.  The Holders of a majority in principal amount
of the outstanding Securities of any Series shall have the right to direct
the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred on the
Trustee, with respect to the Securities of such Series, provided that:

 

(a)           such direction shall not be in conflict with any rule of
law or with this Indenture or expose the Trustee in personal liability;

 

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

 

(c)           subject to the provisions of Section 6.1, the
Trustee shall have the right to decline to follow such direction if a
Responsible Officer or Responsible Officers of the Trustee shall, in good
faith, determine that the proceeding so directed would be unjustly prejudicial
to the Holders not joining in any such direction or would expose the Trustee to
personal liability.

 

Section 6.13           Waiver of Past Defaults.  Subject to Section 6.2, the
Holders of not less than a majority in principal amount of the outstanding
Securities of any Series may on behalf of the Holders of all the
Securities of such Series waive any past Default hereunder with respect to
such Series and its consequences, except a default (i) in the payment
of the principal of or interest on any Security of

 

26

 

such
Series (provided, however, that the
Holders of a majority in principal amount of the outstanding Securities of any Series may
rescind and annul a declaration of acceleration and its consequences, including
any default in such payment that has become due solely by such declaration of
acceleration) or (ii) in respect of a covenant or provision hereof that
cannot be modified or amended without the consent of the Holder of each
outstanding Security of such Series affected. Upon any such waiver, such
Default shall cease to exist, and any Event of Default arising therefrom shall
be deemed to have been cured, for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other Default or impair any right
consequent thereon.

 

Section 6.14           Undertaking for Costs.  All parties to this Indenture agree, and each
Holder of any Security by such Holder’s acceptance thereof shall be deemed to
have agreed, that any court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against
the Trustee for any action taken, suffered or omitted by it as Trustee, the
filing by any party litigant in such suit of an undertaking to pay the costs of
such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees, against any party litigant in such suit,
having due regard to the merits and good faith of the claims or defenses made
by such party litigant; but the provisions of this Section 6.14
shall not apply to any suit instituted by the Company, to any suit instituted
by the Trustee, to any suit instituted by any Holder, or group of Holders,
holding in the aggregate more than 10% in principal amount of the outstanding
Securities of any Series, or to any suit instituted by any Holder for the
enforcement of the payment of the principal of or interest on any Security on
or after the Stated Maturity or Stated Maturities expressed in such Security
(or, in the case of redemption, on the date of such redemption).

 

ARTICLE VII

TRUSTEE

 

Section 7.1             Duties of Trustee.

 

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

 

(b)           Except during the continuance of an Event of Default, the
Trustee need perform only those duties that are specifically set forth in this
Indenture and no others.

 

(c)           In the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon Officers’ Certificates or Opinions of Counsel
furnished to the Trustee and conforming to the requirements of this Indenture; provided, however, in the case of any such Officers’
Certificates or Opinions of Counsel that by any provisions hereof are
specifically required to be furnished to the Trustee, the Trustee shall examine
such Officers’ Certificates and Opinions of Counsel to determine whether or not
they conform to the requirements of this Indenture.

 

(d)           The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act or its own willful
misconduct, except that:

 

(i)            this
paragraph does not limit the effect of Section 7.1(b);

 

27

 

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

 

(iii)                               the Trustee shall not be liable with respect to any action taken,
suffered or omitted to be taken by it with respect to Securities of any Series in
good faith in accordance with the direction of the Holders of a majority in
principal amount of the outstanding Securities of such Series relating to
the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the
Trustee, under this Indenture with respect to the Securities of such Series.

 

(e)                                  The permissive
rights of the Trustee in this Indenture shall not be construed as duties.

 

(f)                                    No provision of
this Indenture shall be deemed to impose any duty or obligation on the Trustee
to take or omit to take any action or suffer any action to be taken or omitted,
in the performance of its duties or obligations under this Indenture, or to
exercise any right or power hereunder, to the extent that taking or omitting to
take such action or suffering such action to be taken or omitted would violate
applicable law binding upon it.

 

(g)                                 The Trustee may
refuse to perform any duty or exercise any right or power at the request or
direction of any Holder unless such Holder shall have offered to the Trustee
reasonable security or indemnity against the costs, expenses and liabilities
that might be incurred by it in compliance with such request or direction.

 

(h)                                 The Trustee
shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. 
Money held in trust by the Trustee need not be segregated from other
funds except to the extent required by law.

 

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

 

(j)                                     The Paying
Agent, the Registrar and any authenticating agent shall be entitled to the
protections, immunities and standard of care as are set forth in Section 7.1(a),
7.1(b), 7.1(c), 7.1(d) or 7.1(f) with
respect to the Trustee.

 

28

 

Section 7.2                                      Rights of
Trustee.

 

(a)                                  The Trustee may
rely on and shall be protected in acting or refraining from acting upon any
document believed by it to be genuine and to have been signed or presented by
the proper Person.  The Trustee need not
investigate any fact or matter stated in the document.

 

(b)                                 Before the
Trustee acts or refrains from acting, it may require an Officers’
Certificate.  The Trustee shall not be
liable for any action it takes or omits to take in good faith in reliance on
such Officers’ Certificate.

 

(c)                                  The Trustee may
act through agents and shall not be responsible for the misconduct or
negligence of any agent appointed with due care.  No Depositary shall be deemed an agent of the
Trustee, and the Trustee shall not be responsible for any act or omission by
any Depositary.

 

(d)                                 The Trustee
shall not be liable for any action it takes or omits to take in good faith that
it believes to be authorized or within its rights or powers, provided that the
Trustee’s conduct does not constitute negligence.

 

(e)                                  The Trustee may
consult with counsel of its selection, and the advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection in
respect of any action taken, suffered or omitted by it hereunder without
negligence and in good faith and in reliance thereon.

 

(f)                                    The Trustee
shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request or direction of any of the Holders of
Securities unless such Holders shall have offered to the Trustee reasonable
security or indemnity against the costs, expenses and liabilities that might be
incurred by it in compliance with such request or direction.

 

(g)                                 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, note, other evidence of
indebtedness or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it
may see fit.

 

(h)                                 The Trustee
shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless
written notice of any event that is in fact such a Default is received by the
Trustee at the Corporate Trust Office of the Trustee, and such notice
references the Securities generally or the Securities of a particular Series and
this Indenture.

 

(i)                                     The permissive
rights of the Trustee enumerated herein shall not be construed as duties.

 

29

 

(j)                                     Any request or
direction of the Company mentioned herein shall be sufficiently evidenced by a
Company Request or Company Order (other than delivery of any Security to the
Trustee for authentication and delivery pursuant to Section 303, which
shall be sufficiently evidenced as provided therein) and any resolution of the
Board of Directors of the Company may be sufficiently evidenced by a Board
Resolution.

 

(k)                                  The Trustee may
employ or retain such counsel, accountants, appraisers or other experts or
advisers as it may reasonably require for the purpose of determining and
discharging its rights and duties hereunder and shall not be responsible for
any misconduct on the part of any of them.

 

(l)                                     The rights,
privileges, protections, immunities and benefits given to the Trustee,
including its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder and each agent,
custodian and other Person employed to act hereunder.

 

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

 

(n)                                 In no event
shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including loss of profit)
irrespective of whether or not the Trustee has been advised of the likelihood of
such loss or damage and regardless of the form of action.

 

(o)                                 The Trustee
shall not be responsible or liable for any failure or delay in the performance
of its obligations under this Indenture arising our of or caused, directly or
indirectly, by circumstances beyond its reasonable control, including without
limitation, acts of God; earthquakes; fires; floods; wars; civil or military
disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions
of utilities, computer (hardware or software) or communications service; labor
disputes; acts of civil or military authority or governmental actions; it being
understood that the Trustee shall use its best efforts to resume performance as
soon as practicable under the circumstances.

 

Section 7.3                                      Individual
Rights of Trustee.  The Trustee in its individual or any other capacity may become the
owner or pledgee of Securities and may otherwise deal with the Company or an
Affiliate of the Company with the same rights it would have if it were not
Trustee.  Any Agent may do the same with
like rights.  The Trustee is also subject
to Sections 7.10 and 7.11.

 

Section 7.4                                      Trustee’s
Disclaimer.  The Trustee
makes no representation as to the validity or adequacy of this Indenture or the
Securities, it shall not be accountable for the Company’s use of the proceeds
from the Securities, and it shall not be responsible for any statement in the
Securities other than its authentication.

 

Section 7.5                                      Notice of
Defaults.  If a
Default or Event of Default occurs and is continuing with respect to the
Securities of any Series and a Responsible Officer of the Trustee has
notice thereof, the Trustee shall mail to each Holder of the Securities of such
Series notice of such Default 

 

30

 

or
Event of Default within 90 days after it occurs or, if later, after a
Responsible Officer of the Trustee has notice of such Default or Event of
Default.  Except in the case of a Default
or Event of Default in payment of principal of, premium, if any, or interest on
any Security of any Series, the Trustee may withhold the notice if and so long
as its corporate trust committee or a committee of its Responsible Officers in
good faith determines that withholding the notice is in the interests of Holders
of such Series.

 

Section 7.6                                      Reports by
Trustee to Holders.  Within 60
days after May 15 in each year, the Trustee shall transmit by mail to all
Holders, as their names and addresses appear on the register kept by the
Registrar, a brief report dated as of such May 15, in accordance with, and
to the extent required under, Section 313 of the TIA.

 

A copy of each report
at the time of its mailing to Holders of any Series shall be filed with
the Commission and each stock exchange on which the Securities of such Series are
listed.  The Company shall promptly
notify the Trustee when Securities of any Series are listed on any stock
exchange.

 

Section 7.7                                      Compensation
and Indemnity.  The Company
shall pay to the Trustee from time to time compensation for its services as the
Company and the Trustee shall from time to time agree upon in writing.  The Trustee’s compensation shall not be
limited by any law on compensation of a trustee of an express trust.  The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred by it.  Such expenses shall include the reasonable
compensation and expenses of the Trustee’s agents and counsel.

 

The Company shall
indemnify each of the Trustee and any predecessor Trustee (including the cost
of defending itself) against any loss, liability or expense, including taxes
(other than taxes based upon, measured by or determined by the income of the
Trustee) incurred by it except as set forth in the next paragraph in the
performance of its duties under this Indenture as Trustee or Agent.  The Trustee shall notify the Company promptly
of any claim for which it may seek indemnity. 
The Company shall defend the claim and the Trustee shall cooperate in
the defense.  The Trustee may have one
separate counsel and the Company shall pay the reasonable fees and expenses of
such counsel.  The Company need not pay
for any settlement made without its consent, which consent shall not be
unreasonably withheld.  This
indemnification shall apply to officers, directors, employees, shareholders and
agents of the Trustee.

 

The Company need not
reimburse any expense or indemnify against any loss or liability incurred by
the Trustee or by any officer, director, employee, shareholder or agent of the
Trustee through negligence or bad faith.

 

To secure the Company’s
payment obligations in this Section 7.7, the Trustee shall have a
lien prior to the Securities of any Series on all money or property held
or collected by the Trustee, except that held in trust to pay principal of and
interest on particular Securities of such Series.

 

When the Trustee
incurs expenses or renders services after an Event of Default specified in Section 6.1(e) or
6.1(f) occurs, the expenses and the compensation for the services
are intended to constitute expenses of administration under any Bankruptcy Law.

 

The provisions of
this Section 7.7 shall survive the resignation or removal of the
Trustee and the termination or satisfaction of this Indenture.

 

31

 

Section 7.8                                      Replacement of
Trustee.  A resignation or removal of
the Trustee and appointment of a successor Trustee shall become effective only
upon the successor Trustee’s acceptance of appointment as provided in this Section 7.8.

 

The Trustee may
resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed
resignation.  The Holders of a majority
in principal amount of the Securities of any Series may remove the Trustee
with respect to such Series by so notifying the Trustee and the
Company.  The Company may remove the
Trustee with respect to Securities of one or more Series if:

 

(a)                                  the Trustee
fails to comply with Section 7.10;

 

(b)                                 the Trustee is
adjudged bankrupt or insolvent or an order for relief is entered with respect
to the Trustee under any Bankruptcy Law;

 

(c)                                  a Custodian or
public officer takes charge of the Trustee or its property; or

 

(d)                                 the Trustee
becomes incapable of acting.

 

If the Trustee
resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee.  Within one year after the successor Trustee
takes office, the Holders of a majority in principal amount of the then
outstanding Securities may appoint a successor Trustee to replace the successor
Trustee appointed by the Company.

 

If a successor
Trustee with respect to the Securities of any one or more Series does not
take office within 60 days after the retiring Trustee resigns or is removed,
the retiring Trustee, the Company or the Holders of at least a majority in
principal amount of the Securities of the applicable Series may, at the
expense of the Company, petition any court of competent jurisdiction for the
appointment of a successor Trustee.

 

A successor Trustee
shall deliver a written acceptance of its appointment to the retiring Trustee
and to the Company.  Immediately after
that, the retiring Trustee shall transfer all property held by it as Trustee to
the successor Trustee subject to the lien provided for in Section 7.7,
the resignation or removal of the retiring Trustee shall become effective, and
the successor Trustee shall have all the rights, powers and duties of the
Trustee with respect to the Securities of each Series for which it is
acting as Trustee under this Indenture. 
A successor Trustee shall mail a notice of its succession to each Holder
of each such Series.  Notwithstanding
replacement of the Trustee pursuant to this Section 7.8, the
Company’s obligations under Section 7.7 shall continue for the
benefit of the retiring Trustee with respect to expenses and liabilities
incurred by it prior to such replacement.

 

Section 7.9                                      Successor
Trustee by Merger, etc. If the Trustee consolidates with, merges or
converts into, or transfers all or substantially all of its corporate trust
business to, another corporation, the successor corporation without any further
act shall be the successor Trustee.

 

Section 7.10                                Eligibility;
Disqualification.  This
Indenture shall always have a Trustee who satisfies the requirements of Section 310(a)(1),
310(a)(2) and 310(a)(5) of the TIA. 
The Trustee shall always have a combined capital and surplus of at least
$25,000,000 as set forth in its most recent published annual report of
condition.  The Trustee shall comply with
Section 310(b) of the TIA.

 

32

 

Section 7.11                                Preferential
Collection of Claims Against Company.  The Trustee is subject to Section 311(a) of
the TIA, excluding any creditor relationship listed in Section 311(b) of
the TIA.  A Trustee who has resigned or
been removed shall be subject to Section 311(a) of the TIA to the
extent indicated.

 

ARTICLE
VIII

SATISFACTION AND DISCHARGE; DEFEASANCE

 

Section 8.1                                      Option to
Effect Legal Defeasance or Covenant Defeasance.  The Company may, at its option evidenced by a
Board Resolution or an Officers’ Certificate, at any time, with respect to the
Securities of any Series, elect to have either Section 8.2 or 8.3
be applied to all of the outstanding Securities of such Series upon
compliance with the conditions set forth below in this Article VIII.

 

Section 8.2                                      Legal
Defeasance and Discharge.  Upon the Company’s
exercise under Section 8.1 of the option applicable to this Section 8.2,
the Company shall be deemed to have been discharged from its obligations with
respect to all of the outstanding Securities of the particular Series on
the date the conditions set forth below in Section 8.4 are
satisfied (“Legal Defeasance”). 
For this purpose, such Legal Defeasance means that the Company shall be
deemed to have paid and discharged all the obligations relating to, and to have
satisfied all of its obligations under, the outstanding Securities of such Series and
this Indenture and cured all then existing Events of Default (and the Trustee,
on written demand of and at the expense of the Company, shall execute proper
instruments acknowledging the same), except that the following shall survive
until otherwise terminated or discharged hereunder (and the Securities of such Series shall
thereafter be deemed to be “outstanding” only for the purposes of the Sections
of this Indenture referred to below in this Section 8.2):

 

(a)                                  the rights of Holders of outstanding Securities of such Series, if any,
to receive payments in respect of the principal of and interest, if any, on
such Securities when such payments are due or on the date of any redemption
solely out of the trust created pursuant to this Indenture;

 

(b)                                 the Company’s obligations with respect to such Securities concerning
issuing temporary Securities of such Series, or, where relevant, registration
of such Securities, mutilated, destroyed, lost or stolen Securities of such Series and
the maintenance of an office or agency for payment and money for the payments
held in trust;

 

(c)                                  the rights, powers, trusts, duties and immunities of the Trustee, and
the Company’s obligations in connection therewith and with respect to the
Company’s obligations to the Trustee under Section 7.7; and

 

(d)                                 this Article VIII.

 

Subject to compliance with this Article VIII,
the Company may exercise its option under this Section 8.2
notwithstanding the prior exercise of its option under Section 8.3
with respect to the Securities of any Series. 
Following such Legal Defeasance, payment of the Securities of such Series may
not be accelerated because of an Event of Default.

 

33

 

Section 8.3                                      Covenant
Defeasance.  Upon the
Company’s exercise under Section 8.1 of the option applicable to
this Section 8.3, the Company shall be released from any
obligations under the covenants contained in Sections 2.2(s), 4.2,
4.3, 4.4, 4.5 and 5.1 with respect to the
outstanding Securities of a particular Series, along with any additional
covenants contained in such Security, any Supplemental Indenture or Officers’
Certificate in connection therewith, on and after the date the conditions set
forth below in Section 8.4 are satisfied (“Covenant Defeasance”),
and the Securities of such Series shall thereafter be deemed 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 such
covenants, but shall continue to be deemed “outstanding” for all other purposes
hereunder (it being understood that such Securities shall not be deemed
outstanding for accounting purposes). For this purpose, such Covenant
Defeasance means that, with respect to the outstanding Securities of such Series appertaining
thereto, the Company may omit to comply with and shall have no liability in
respect of any term, condition or limitation set forth in any such covenant,
whether directly or indirectly, by reason of any reference elsewhere herein to
any such covenant or by reason of any reference in any such covenant to any
other provision herein or in any other document but, except as specified above,
the remainder of this Indenture and the Securities of such Series shall be
unaffected thereby. Following such Covenant Defeasance, payment of the
Securities of such Series may not be accelerated because of an Event of
Default pursuant to Section 6.1(c) (except for a default with
respect to Section 5.1), 6.1(d) or 6.1(g).

 

Section 8.4                                      Conditions to
Legal or Covenant Defeasance.  As set forth below, the following shall be
the conditions to the application of either Section 8.2 or 8.3
to the outstanding Securities of any Series:

 

(a)                                                                      in the case of
either Legal Defeasance or Covenant Defeasance, the Company must irrevocably
deposit, or cause to be irrevocably deposited, with the Trustee, in trust, for
the benefit of the Holders of the Securities of such Series, cash in the
currency or currency unit in which the Securities of such Series are
payable, Government Obligations, or a combination thereof in such amounts as
will be sufficient, in the opinion of an internationally recognized firm of
independent public accountants, to pay the principal of and interest, if any,
due on the outstanding Securities of such Series at the Maturity, or on
the applicable date of any redemption, as the case may be;

 

(b)                                                                     in the case of
Legal Defeasance, the Company shall have delivered to the Trustee for the
Securities of such Series an Opinion of Counsel in the United States
reasonably acceptable to such Trustee confirming that, subject to customary assumptions
and exclusions, (i) the Company has received from, or there has been
published by, the U.S. Internal Revenue Service a ruling or (ii) since the
date of issuance of the Securities of such Series, there has been a change in
the applicable U.S. federal income tax law, in either case to the effect that,
and based thereon such Opinion of Counsel in the United States confirming that,
subject to customary assumptions and exclusions, the Holders of the outstanding
Securities of such Series will not recognize income, gain or loss for U.S.
federal income tax purposes as a result of such Legal Defeasance and will be
subject to U.S. federal income tax on the same amounts, in the same manner and
at the same times as would have been the case if such Legal Defeasance had not
occurred;

 

(c)                                                                      in the case of
Covenant Defeasance, the Company shall have delivered to the Trustee for the
Securities of such Series an Opinion of Counsel in the United States
reasonably acceptable to such Trustee confirming that, subject to customary
assumptions and 

 

34

 

exclusions, the Holders of
the outstanding Securities of such Series will not recognize income, gain
or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance
and will be subject to such 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;

 

(d)                                                                     no Event of
Default or event that with the giving of notice or the lapse of time, or both,
would become an Event of Default with respect to the Securities of such Series shall
have occurred and be continuing on the date of such deposit and no Event of
Default under Section 6.1(e) or 6.1(f) shall have
occurred and be continuing on the 91st day after
such date;

 

(e)                                                                      such Legal
Defeasance or Covenant Defeasance shall not result in a breach or violation of,
or constitute a default under, any material agreement or instrument to which
the Company is a party or by which the Company is bound; and

 

(f)                                                                        the Company
shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel in the United States (which Opinion of Counsel may be subject to
customary assumptions and exclusions) each stating that all conditions precedent
provided for or relating to the Legal Defeasance or the Covenant Defeasance, as
the case may be, have been complied with.

 

Section 8.5                                      Satisfaction
and Discharge of Indenture.  This Indenture will, upon Company Request, be
discharged and will cease to be of further effect as to all of the Securities
of a particular Series issued hereunder when either: (a) all of the
Securities of such Series theretofore authenticated and delivered (except (i) lost,
stolen or destroyed Securities that have been replaced or paid as provided in Section 2.8
and (ii) the Securities for whose payment money has theretofore been
deposited in trust and thereafter repaid to the Company or discharged from such
trust, as provided in the last paragraph of Section 8.9) have been
delivered to the Trustee for cancellation; or (b) (i) all of the
Securities of such Series not theretofore delivered to the Trustee for
cancellation are due and payable by their terms within one year or have become
due and payable by reason of the making of a notice of redemption and the
Company has irrevocably deposited or caused to be deposited with the Trustee as
trust funds in trust an amount of cash in any combination of currency or
currency unit in which the Securities of such Series are payable, U.S.
Government Obligations, or a combination thereof in such amounts as will be
sufficient to pay and discharge the entire indebtedness on the Securities of
such Series not theretofore delivered to the Trustee for cancellation for
principal and accrued but unpaid interest, if any, to Maturity or the date of
such redemption, as the case may be, (ii) the Company has paid, or caused
to be paid, all sums payable by it under this Indenture and (iii) the
Company has delivered irrevocable instructions to the Trustee under this
Indenture to apply the deposited money toward the payment of the Securities of
such Series at the Stated Maturity or the date of such redemption, as the
case may be. In addition, in the case of clause (a) or (b) above, the
Company must deliver an Officers’ Certificate and an Opinion of Counsel to the
Trustee stating that all conditions precedent to satisfaction and discharge
have been satisfied.

 

Section 8.6                                      Survival of
Certain Obligations.  Notwithstanding
the satisfaction and discharge of this Indenture and of the Securities of any Series referred
to in Section 8.1, 8.2, 8.4, or 8.5, the
respective obligations of the Company and the Trustee under Sections 2.3,
2.5, 2.6, 2.7, 2.8, 2.12, 6.8, 8.7,
8.8, 8.9 and 8.10 and Article VII shall
survive with respect to the Securities of such Series until the Securities
of such Series are no longer outstanding, and thereafter the obligations
of 

 

35

 

the Company and the Trustee
under Sections 8.7, 8.8, 8.9 and 8.10 shall
survive. Nothing contained in this Article VIII shall abrogate any of the
obligations or duties of the Trustee under this Indenture.

 

Section 8.7                                      Acknowledgment
of Discharge by Trustee.  Subject to Section 8.10,
after (a) the conditions of Section 8.4 or 8.5 have
been satisfied with respect to the Securities of any Series, (b) the
Company has paid or caused to be paid all other sums payable hereunder by the
Company and (c) the Company has delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions
precedent referred to in clause (a) above relating to the satisfaction and
discharge of this Indenture have been complied with, the Trustee upon written
request shall acknowledge in writing the discharge of all of the Company’s
obligations under this Indenture except for those surviving obligations
specified in this Article VIII.

 

Section 8.8                                      Application of
Trust Moneys.  All money and
U.S. Government Obligations deposited with the Trustee pursuant to Section 8.4
or 8.5 in respect of the Securities of such Series shall be held in
trust and applied by it, in accordance with the provisions of the Securities of
such Series and this Indenture, to the payment, either directly or through
any Paying Agent as the Trustee may determine, to the Holders of the Securities
of such Series of all sums due and to become due thereon for principal and
interest, if any, but such money need not be segregated from other funds except
to the extent required by law.

 

The Company shall pay and indemnify the Trustee
against any tax, fee or other charge imposed on or assessed against the
Government Obligations deposited pursuant to Section 8.4 or 8.5
with respect to the Securities of such Series or the principal and
interest received in respect thereof other than any such tax, fee or other
charge that by law is for the account of the Holders of the outstanding
Securities of such Series.

 

Section 8.9                                      Repayment to
the Company; Unclaimed Money.  The Trustee and any Paying Agent for the
Securities of any Series shall promptly pay or return to the Company upon
Company Order any cash or U.S. Government Obligations held by them at any time
that are not required for the payment of the principal of and interest, if any,
on the Securities of such Series for which cash or U.S. Government
Obligations have been deposited pursuant to Section 8.4 or 8.5.

 

Any money deposited with the Trustee or any Paying
Agent for the Securities of any Series, or then held by the Company, in trust
for the payment of the principal of and interest, if any, on the Security of
any Series and remaining unclaimed for two years after such principal and
interest, if any, has become due and payable shall, unless otherwise required
by mandatory provisions of applicable escheat, or abandoned or unclaimed
property law, be paid to the Company on Company Request or (if then held by the
Company) shall be discharged from such trusts; and the Holder of any such
Security shall, thereafter, as an unsecured general creditor, look only to the
Company for payment thereof, and all liability of the Trustee or such Paying
Agent with respect to such trust money, and all liability of the Company as
trustee thereof, shall thereupon cease; provided, however,
that the Trustee or such Paying Agent, before being required to make any such
repayment may give written notice to the Holder of such Security, 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 written notice, any unclaimed
balance of such money then remaining will, unless otherwise required by
mandatory provisions of applicable escheat, or abandoned or unclaimed property
law, be repaid to the Company, as the case may be.

 

36

 

Section 8.10                                Reinstatement.  If the Trustee or Paying Agent for the
Securities of any Series is unable to apply any cash or U.S. Government
Obligations, as applicable, in accordance with Section 8.2, 8.3,
8.4 or 8.5 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 such Series shall be revived and
reinstated as though no deposit had occurred pursuant to Section 8.2,
8.3, 8.4 or 8.5 until such time as the Trustee or Paying
Agent for the Securities of such Series is permitted to apply all such
cash or U.S. Government Obligations in accordance with Section 8.2,
8.3, 8.4 or 8.5; provided, however,
that if the Company has made any payment of principal and interest, if any, on
any Securities 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 cash or U.S. Government Obligations, as applicable, held
by the Trustee or Paying Agent.

 

ARTICLE IX

AMENDMENTS AND WAIVERS

 

Section 9.1                                      Without Consent
of Holders.  The Company
and the Trustee may amend or supplement this Indenture or the Securities of one
or more Series without the consent of any Holder:

 

(a)                                  to cure,
correct or supplement any ambiguity, omission, defect or inconsistency as to
the Securities of such Series;

 

(b)                                 to comply with Article V;

 

(c)                                  to provide for
uncertificated Securities in addition to or in place of certificated
Securities;

 

(d)                                 to add
guarantees or collateral security with respect to the Securities of such
Series;

 

(e)                                  to add
covenants of the Company under this Indenture for the benefit of the Holders of
the Securities of such Series or to surrender any right or power conferred
upon the Company as to the Securities of such Series;

 

(f)                                    to make any
change that does not adversely affect the rights of any Holder of the
Securities of such Series in any material respect;

 

(g)                                 to provide for
the issuance of and establish the form and terms and conditions of Securities
of any Series as permitted by this Indenture;

 

(h)                                 to change or
eliminate any of the provisions of this Indenture provided that any such change
or elimination shall become effective only when there is no Security
outstanding of any Series created prior to the execution of such amendment
or supplement that is adversely affected by such provision;

 

(i)                                     to evidence and
provide for the acceptance of appointment hereunder by a successor Trustee with
respect to the Securities of one or more Series and to add to or change
any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee;
or

 

37

 

(j)                                     to comply with
requirements of the Commission in order to effect or maintain the qualification
of this Indenture under the TIA.

 

Section 9.2                                      With Consent of
Holders.  The Company and the Trustee
may enter into a Supplemental Indenture with the written consent of the Holders
of at least a majority in principal amount of the outstanding Securities of
each Series affected by such Supplemental Indenture (including consents
obtained in connection with a tender offer or exchange offer for the Securities
of such Series), for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this Indenture or of any
Supplemental Indenture or of modifying in any manner the rights of the Holders
of the Securities of such Series. Except as provided in Section 6.13,
the Holders of at least a majority in principal amount of the outstanding
Securities of any Series by notice to the Trustee (including consents
obtained in connection with a tender offer or exchange offer for the Securities
of such Series) may waive any past Default or compliance by the Company with
any provision of this Indenture or the Securities of such Series.

 

It
shall not be necessary for the consent of the Holders of Securities under this Section 9.2
to approve the particular form of any proposed Supplemental Indenture or
waiver, but it shall be sufficient if such consent approves the substance
thereof.  After a Supplemental Indenture
or waiver under this Section 9.2 becomes effective, the Company
shall mail to the Holders of Securities affected thereby a notice briefly
describing such Supplemental Indenture or waiver.  Any failure by the Company to mail or publish
such notice, or any defect therein, shall not, however, in any way impair or
affect the validity of any such Supplemental Indenture or waiver.

 

Section 9.3                                      Limitations.  Without the consent of each Holder affected,
an amendment or waiver may not:

 

(a)                                  reduce the
amount of Securities whose Holders must consent to an amendment, supplement or
waiver;

 

(b)                                 reduce the rate
of or extend the time for payment of interest (including default interest) on
any Security;

 

(c)                                  reduce the
principal of, or premium, if any, on any Security or change its Maturity,
including the Stated Maturity or the date of redemption or required repurchase
thereof;

 

(d)                                 reduce the
principal amount of Discount Securities payable upon acceleration of the
maturity thereof;

 

(e)                                  make the
principal of or interest, if any, on any Security payable in any currency other
than that stated in the Security;

 

(f)                                    impair the
right of any Holder of Securities to receive payment of principal of and
interest on such Securities on or after the due dates for the payment of such
principal or interest or to institute suit for the enforcement of any payment on
or with respect to such Securities;

 

(g)                                 make any
changes that would affect the ranking for the Securities in a manner adverse to
the Holders; or

 

38

 

(h)                                 make any change
in Section 6.8 or 6.13 or this Section 9.3.

 

Section 9.4                                      Compliance with
Trust Indenture Act.  Every
amendment to this Indenture or the Securities of one or more Series shall
be set forth in a Supplemental Indenture that complies with the TIA as then in
effect.

 

Section 9.5                                      Revocation and
Effect of Consents.  Until an
amendment is set forth in a Supplemental Indenture or a waiver becomes
effective, a consent to it by a Holder of a Security is a continuing consent by
the Holder and every subsequent Holder of a Security or portion of a Security
that evidences the same debt as the consenting Holder’s Security, even if
notation of the consent is not made on any Security.  However, any such Holder or subsequent Holder
may revoke the consent as to such Holder’s Security or portion of a Security if
the Trustee receives the notice of revocation before the date of such
Supplemental Indenture or the date the waiver becomes effective.

 

Any amendment or
waiver once effective shall bind every Holder of each Series affected by
such amendment or waiver unless it is of the type described in any of clauses (a) through
(g) of Section 9.3.  In
that case, the amendment or waiver shall bind each Holder of a Security who has
consented to it and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder’s Security.

 

Section 9.6                                      Notation on or
Exchange of Securities.  The
Trustee may place an appropriate notation about an amendment or waiver on any
Security of any Series thereafter authenticated.  The Company in exchange for Securities of
such Series may issue and the Trustee shall authenticate upon request new
Securities of such Series that reflect the amendment or waiver.

 

Section 9.7                                      Trustee
Protected.  In
executing, or accepting the additional trusts created by, any Supplemental
Indenture permitted by this Article IX or the modifications thereby of the
trusts created by this Indenture, the Trustee shall be entitled to receive, in
addition to the documents required by Section 10.4, and (subject to
Section 7.1) shall be fully protected in relying upon, an Opinion
of Counsel stating that the execution of such Supplemental Indenture is
authorized or permitted by this Indenture. 
The Trustee shall sign all Supplemental Indentures, except that the
Trustee need not sign any Supplemental Indenture that adversely affects its
rights.

 

ARTICLE X

MISCELLANEOUS

 

Section 10.1                                Trust Indenture
Act Controls.  If any
provision of this Indenture limits, qualifies or conflicts with another
provision that is required or deemed to be included in this Indenture by the
TIA, such required or deemed provision shall control.

 

Section 10.2                                Notices.  Any notice or communication by the Company or
the Trustee to the other, or by a Holder to the Company or the Trustee, is duly
given if in writing and delivered in Person or mailed by first-class mail:

 

(a)                                  if to the Company:

 

Amphenol Corporation

358 Hall Avenue

Wallingford, Connecticut 06492

 

39

 

Attention: Treasurer

Facsimile: (203) 265-8628

 

with a copy to:

 

Amphenol Corporation

358 Hall Avenue

Wallingford, Connecticut 06492

Attention: General Counsel

Facsimile: (203) 265-8827

 

and

 

Pillsbury Winthrop Shaw Pittman

1540 Broadway

New York, New York 10036

Attention: Ronald A. Fleming, Jr.

Facsimile: (212) 298-9931

 

(b)                                 if to the Trustee:

 

The
Bank of New York Mellon

101
Barclay Street 

8th
Floor West 

New
York, New York 10286

Attention:
Global Corporate Trust

Facsimile: (732) 667-9183

 

The Company or the
Trustee by notice to the other may designate additional or different addresses
for subsequent notices or communications.

 

Any notice or
communication to a Holder shall be mailed by first-class mail to such Holder’s
address as shown on the register kept by the Registrar.  Failure to mail a notice or communication to
a Holder of any Series or any defect in it shall not affect its
sufficiency with respect to other Holders of that or any other Series.

 

If a notice or
communication is mailed or published in the manner provided above, within the
time prescribed, it is duly given, whether or not the Holder receives it.

 

If the Company mails
a notice or communication to Holders, it shall mail a copy to the Trustee and
each Agent at the same time.

 

Section 10.3                                Communication
by Holders with Other Holders.  Holders of any Series may communicate
pursuant to Section 312(b) of the TIA with other Holders of such Series or
any other Series with respect to their rights under this Indenture or the
Securities of such Series or all Series. 
The Company, the Trustee, the Registrar and anyone else shall have the
protection of Section 312(c) of the TIA.

 

40

 

Section 10.4                                Certificate and
Opinion as to Conditions Precedent.  Upon any request or application by the
Company to the Trustee to take any action under this Indenture, the Company
shall furnish to the Trustee:

 

(a)                                  an Officers’
Certificate stating that, in the opinion of the signers, all conditions
precedent, if any, provided for in this Indenture relating to the proposed action
have been complied with; and

 

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

 

Section 10.5                                Statements
Required in Certificate or Opinion.  Each certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture (other
than a certificate provided pursuant to Section 314(a)(4) of the TIA)
shall comply with the provisions of Section 314(e) of the TIA and
shall include:

 

(a)                                  a statement
that the Person making such certificate or opinion has read such covenant or
condition;

 

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

 

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

 

(d)                                 a statement as
to whether or not, in the opinion of such Person, such condition or covenant
has been complied with.

 

Section 10.6                                Rules by
Trustee and Agents.  The Trustee
may make reasonable rules for action by or a meeting of Holders of one or
more Series.  Any Agent may make
reasonable rules and set reasonable requirements for its functions.

 

Section 10.7                                Legal Holidays.  Unless otherwise provided by Board
Resolution, Officers’ Certificate or Supplemental Indenture for a particular
Series, a “Legal Holiday” is any day that is not a Business Day.  If a payment date is a Legal Holiday at a
place of payment, payment may be made at that place on the next succeeding day
that is not a Legal Holiday, and no interest shall accrue for the intervening
period.

 

Section 10.8                                No Recourse
Against Others.  A director,
officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the
Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation.  Each
Holder by accepting a Security waives and releases all such liability.  The waiver and release are part of the
consideration for the issue of the Securities.

 

Section 10.9                                Counterparts.  This Indenture may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

 

41

 

Section 10.10                          Governing Laws.  THIS INDENTURE AND THE SECURITIES SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.  EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING
TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section 10.11                          No Adverse
Interpretation of Other Agreements.  This Indenture may not be used to interpret
another indenture, loan or debt agreement of the Company or a Subsidiary of the
Company.  Any such indenture, loan or
debt agreement may not be used to interpret this Indenture.

 

Section 10.12                          Successors.  All agreements of the Company in this
Indenture and the Securities shall bind its successor.  All agreements of the Trustee in this
Indenture shall bind its successor.

 

Section 10.13                          Severability.  In case any provision in this Indenture or in
the Securities shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

 

Section 10.14                          Table of
Contents, Headings, Etc. The Table of Contents, Cross-Reference Table,
and headings of the Articles and Sections of this Indenture have been inserted
for convenience of reference only, are not to be considered a part hereof, and
shall in no way modify or restrict any of the terms or provisions hereof.

 

Section 10.15                          Securities in a
Foreign Currency.  Unless
otherwise specified in a Board Resolution, an Officers’ Certificate or a
Supplemental Indenture delivered pursuant to Section 2.2 with
respect to the Securities of a particular Series, whenever for purposes of this
Indenture any action may be taken by the Holders of a specified percentage in
aggregate principal amount of Securities of all Series or all Series affected
by a particular action at the time outstanding and, at such time, there are
outstanding Securities of any Series that are denominated in a coin or
currency other than Dollars, then the principal amount of Securities of such Series that
shall be deemed to be outstanding for the purpose of taking such action shall
be that amount of Dollars that could be obtained for such amount at the Market
Exchange Rate at such time. For purposes of this Section 10.15, “Market
Exchange Rate” shall mean the noon Dollar buying rate in New York City for
cable transfers of that currency as published by the Federal Reserve Bank of
New York.  If such Market Exchange Rate
is not available for any reason with respect to such currency, the Company
shall use, in its sole discretion and without liability on its part, such
quotation of the Federal Reserve Bank of New York as of the most recent
available date, or quotations from one or more major banks in The City of New
York or in the country of issue of the currency in question or such other
quotations as the Company shall deem appropriate.  The provisions of this paragraph shall apply
in determining the equivalent principal amount in respect of Securities of a Series denominated
in currency other than Dollars in connection with any action taken by Holders
of Securities pursuant to the terms of this Indenture.

 

All decisions and
determinations of the Company regarding the Market Exchange Rate or any
alternative determination provided for in the preceding paragraph shall be in
its sole discretion and shall, in the absence of manifest error, to the extent
permitted by law, be conclusive for all purposes and irrevocably binding upon
all Holders.

 

42

 

Section 10.16                          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 interest or
other amount 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 procedures the Trustee could purchase in The City of New York the
Required Currency with the Judgment Currency on the day on which final
unappealable judgment is entered, unless such day is not a New York Banking
Day, then the rate of exchange used shall be the rate at which in accordance
with normal banking procedures the Trustee could purchase in The City of New
York the Required Currency with the Judgment Currency on the New York Banking
Day preceding the day on which final unappealable judgment is entered and (b) its
obligations under this Indenture to make payments in the Required Currency (i) shall
not be discharged or satisfied by any tender, any recovery pursuant to any
judgment (whether or not entered in accordance with clause (a) above), 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 on which
banking institutions are authorized or required by law, regulation or executive
order to close.

 

Section 10.17                          USA Patriot Act.  The parties hereto acknowledge that, in
accordance with Section 326 of the USA Patriot Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (as amended, modified or
supplemented from time to time, the “USA Patriot Act”), the Trustee, like all
financial institutions, is required to obtain, verify, and record information
that identifies each person or legal entity that opens an account.  The parties to this Indenture agree that they
will provide the Trustee with such information as the Trustee may request in
order for the Trustee to satisfy the requirements of the USA Patriot Act.

 

43

 

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

 

 

	
   

  	
  AMPHENOL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Diana G. Reardon

  
	
   

  	
   

  	
  Name: Diana G. Reardon

  
	
   

  	
   

  	
  Title: Senior Vice President and

  
	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE
  BANK OF NEW YORK MELLON, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Timothy W. Casey

  
	
   

  	
   

  	
  Name: Timothy W. Casey

  
	
   

  	
   

  	
  Title: Senior AssociateEXHIBIT 4.2

 

AMPHENOL CORPORATION

 

OFFICERS’ CERTIFICATE

Pursuant to Section 2.2
of the Indenture

 

Reference is made to the Indenture
(the “Indenture”), dated as of November 5, 2009, between Amphenol
Corporation, a Delaware corporation (the “Company”), and The Bank of New
York Mellon, as trustee (the “Trustee”).  Capitalized terms used but not otherwise
defined herein shall have the respective meanings ascribed to them in the
Indenture.

 

Pursuant to Section 2.2
of the Indenture, the Company hereby certifies, through its Treasurer, David Jositas, and its Secretary, Edward
C. Wetmore, as follows:

 

1.                                       Pursuant to (i) authority delegated by the Board of
Directors (the “Board of Directors”) of the Company on October 23,
2009 to the Pricing Committee thereof, (ii) an
Action by Unanimous Written Consent of the Board of Directors taken as of October 29,
2009, and (iii) an Action by Unanimous Written Consent of the Pricing
Committee of the Board of Directors taken as of October 29, 2009 (the “Pricing Committee Consent”), the Company has
created a series of senior debt securities of the Company, designated as the “4.75%
Senior Notes due 2014” (the “Notes”), to be issued under the Indenture,
and authorized the sale of up to $600,000,000 aggregate principal amount of the
Notes.

 

2.                                       The terms of the Notes as authorized by and determined pursuant
to the Pricing Committee Consent, are as follows:

 

(a)                                  The title of the Notes shall be 4.75% Senior Notes due 2014 (CUSIP:
032095AA9; ISIN: US032095AA98).

 

(b)                                 The price at which the Notes will be issued shall be 99.813%
of the principal amount of the Notes.

 

(c)                                  The maximum aggregate principal amount of the Notes shall be
$600,000,000.

 

(d)                                 The principal of the Notes shall be payable on November 15,
2014 (“Maturity”).

 

(e)                                  The Notes shall bear interest at an annual rate of 4.75%
from November 5, 2009, payable semi-annually in arrears on May 15 and
November 15 of each year (the “Interest Payment Dates”), commencing
May 15, 2010 until the principal of the Notes is paid or made available
for payment.  The interest so payable
shall be paid to the Persons in whose name the Notes are registered at the
close of business on the May 1 or November 1 (the “Interest Record
Dates”) (whether or not a Business Day (as defined in the Indenture)) next
preceding such May 15 or November 15, respectively.  The amount of interest payable on any
Interest Payment Date shall be computed on the basis of a 360-day year
consisting of twelve 30-day months.  In
the event that any Interest Payment Date, any redemption date or the Maturity
falls on a day that is not a Business Day, the required payment of principal,
premium, if any, and interest will be made on the

 

 

next
succeeding Business Day as if made on the date that payment was due and no
interest will accrue on the amount so payable for the period from and after
such Interest Payment Date, such redemption date or Maturity, as the case may
be, to the date of that payment on that next succeeding Business Day.

 

(f)                                    The place where: (i) principal of and premium, if any,
and interest on the Notes shall be payable, (ii) the Notes may be
surrendered for registration of transfer or exchange and (iii) notices and
demands to or upon the Company in respect of the Notes and the Indenture may be
served, shall be at the Company’s office or agency in the Borough of Manhattan,
The City of New York (which initially shall be the corporate trust office of
the Trustee at: 101 Barclay Street, 8th Floor West, New York, New York 10286), provided that, at the Company’s option,
payment of interest may be made by check mailed to the registered Holders of
the Notes at their registered addresses.

 

(g)                                 The Notes shall be redeemable, at the Company’s option, in
whole or in part, at any time or from time to time.  Upon redemption of the Notes, the Company shall
pay a redemption price equal to the greater of:

 

(i)                                     100% of the principal amount of the Notes to be redeemed; and

 

(ii)                                  the sum of the present values of the Remaining Scheduled Payments
(as defined below) of the Notes being redeemed, discounted to the date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate (as defined below), plus 35 basis points,

 

plus, in each case of clauses (i) and (ii) of
this Section 2(g), accrued interest thereon to the date of redemption.

 

If the date of redemption is
on or after an Interest Record Date and on or before the related Interest Payment
Date, the accrued and unpaid interest, if any, shall be paid to the Person in
whose name the Note is registered at the close of business on such Interest
Record Date, and no additional interest shall be payable to Holders whose Notes
will be subject to redemption by the Company.

 

For purposes of this Section 2(g),
the following terms have the following meanings:

 

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

 

“Comparable
Treasury Price” means, with respect to any date of redemption, (a) the
average of the Reference Treasury Dealer Quotations for such redemption 

 

2

 

date, after excluding the highest and lowest Reference
Treasury Dealer Quotations, or (b) if fewer than four such Reference
Treasury Dealer Quotations are provided to the Trustee, the average of all such
quotations.

 

“Independent Investment Banker” means the Reference Treasury
Dealer appointed by the Company.

 

“Reference
Treasury Dealer” means each of Banc of America Securities LLC, J.P.
Morgan Securities Inc., Deutsche Bank Securities Inc., a Primary Treasury
Dealer (as defined herein) selected by Wells Fargo Securities, LLC and their
respective successors, provided, however, that if any of the foregoing ceases to be a primary
U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), the Company shall substitute therefor another Primary Treasury
Dealer; and (ii) any other Primary Treasury Dealers selected by the
Company.

 

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

 

“Remaining
Scheduled Payments” means, with respect to each Note to be redeemed,
the remaining scheduled payments of the principal (or of the portion) thereof
and interest thereon that would be due after the related date of redemption
therefor but for such redemption; provided,
however, that, if that date of
redemption is not an Interest Payment Date with respect to such Note, the
amount of the next succeeding scheduled interest payment thereon will be
reduced by the amount of interest accrued thereon to that date of redemption.

 

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

 

Notice of any redemption shall
be mailed at least 30 days but not more than 60 days before the date of redemption
to each Holder of Notes to be redeemed.  If
less than all the Notes are to be redeemed, the Notes to be redeemed shall be
selected by the Trustee by such method as the Trustee deems fair and
appropriate.  Unless the Company defaults
in payment of the redemption price, on and after the date of redemption,
interest shall cease to accrue on the Notes or portions thereof called for
redemption.

 

(h)                                 The Notes shall not be subject to any sinking fund.

 

3

 

(i)                                     If a Change of Control Repurchase Event (as defined below)
occurs, unless the Company has exercised its right to redeem all of the Notes
as described under Section 2(g) above, each Holder of the Notes shall
have the right to require the Company to repurchase all or any part (equal to
$2,000 and integral multiples of $1,000 in excess thereof) of such Holder’s
Notes pursuant to the offer described below (the “Change of Control Offer”),
at a purchase price in cash equal to 101% of the principal amount of the Notes,
plus accrued and unpaid interest, if any, to, but not including, the date of
repurchase (subject to the right of Holders of record on the relevant Interest
Record Date to receive interest due on the relevant Interest Payment Date).

 

Within
30 days following any Change of Control Repurchase Event, or
at the Company’s option, prior to any Change of Control but after the public
announcement of the pending Change of Control, the
Company shall send, by first class mail, a notice to each Holder, with a copy
to the Trustee, which notice will govern the terms of the Change of Control
Offer, stating:

 

(i)                                     that such Change of Control Repurchase Event has occurred or
is pending and that such Holder has the right to require the Company to
repurchase such Holder’s Notes at a purchase price in cash equal to 101% of the
principal amount of the Notes plus accrued and unpaid interest, if any, to, but
not including, the date of repurchase (subject to the right of Holders of
record on the relevant Interest Record Date to receive interest due on the
relevant Interest Payment Date) (the “Change
of Control Payment”);

 

(ii)                                  if such notice is mailed prior to the date of consumption of
the Change of Control, that the Change of Control Offer is conditioned on the
Change of Control being consummated on or prior to the Change of Control
Payment Date;

 

(iii)                               the date of repurchase (which shall be no earlier than 30
days nor later than 60 days from the date the Change of Control Offer is
mailed) (the “Change of Control
Payment Date”); and

 

(iv)                              the procedures determined by the Company, consistent with the
Indenture, that a Holder must follow in order to have its Notes repurchased.

 

On the Change of Control
Payment Date, the Company shall, to the extent lawful:

 

(1)                                  accept for payment all Notes or portions of Notes (equal to
$2,000 and integral multiples of $1,000 in excess thereof) properly tendered
pursuant to the Change of Control Offer;

 

(2)                                  deposit with the Paying Agent an amount equal to the Change
of Control Payment in respect of all Notes or portions of Notes so tendered;
and

 

4

 

(3)                                  deliver or cause to be delivered to the Trustee the Notes so
accepted together with an Officers’ Certificate stating the aggregate principal
amount of Notes or portions of Notes being repurchased by the Company and, to
the extent applicable, an executed new note or notes evidencing any unpurchased
portion of any Note or Notes surrendered for which the Trustee shall be
required to authenticate and deliver a new note or notes as provided below.

 

The Trustee shall promptly mail, or shall
cause the Paying Agent to promptly mail, to each Holder of Notes so
tendered the Change of Control Payment for such Notes, and the Trustee shall
promptly authenticate and mail (or cause to be transferred by book entry) to
each Holder a new note equal in principal amount to any unpurchased portion of
the Notes surrendered, if any, provided that
each such new note shall be in a principal amount of $2,000 and integral
multiples of $1,000 in excess thereof.

 

If the Change of Control Payment
Date is on or after an Interest Record Date and on or before the related
Interest Payment Date, any accrued and unpaid interest, if any, shall be paid
to the Person in whose name the Note is registered at the close of business on
such Interest Record Date, and no additional interest shall be payable to Holders
who tender pursuant to the Change of Control Offer.

 

The Company shall not be
required to make the Change of Control Offer upon a Change of Control
Repurchase Event if a third party makes an offer in the manner, at the times
and otherwise in compliance with the requirements set forth in the Indenture
applicable to the Change of Control Offer to be made by the Company and
repurchases all Notes validly tendered and not withdrawn under such offer.

 

The Company shall comply, to the extent applicable,
with the requirements of Rule 14e-1 under the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and any other securities laws or regulations
thereunder to the extent those laws and regulations are applicable in
connection with the repurchase of the Notes as a result of a Change of Control
Repurchase Event.  To the extent that the
provisions of any such securities laws or regulations conflict with the Change
of Control Offer provisions in this Section 2(i), the Company shall comply
with those securities laws and regulations and will not be deemed to have
breached its obligations under the Change of Control Offer provisions in this Section 2(i) by
virtue of any such conflict.

 

For purposes of this Section 2(i),
the following terms have the following meanings:

 

“Change of Control” means:

 

·                  the consummation of any transaction
(including without limitation, any merger or consolidation) the result of which
is that any 

 

5

 

“person” (as such term is
used in Sections 13(d)(3) of the Exchange Act) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except
that such person shall be deemed to have “beneficial ownership” of all shares
that any such person has the right to acquire, whether such right is exercisable
immediately or only after the passage of time), directly or indirectly, of more
than 50% of the total voting power of the Company’s Voting Stock (or the
Company’s successor by merger, consolidation or purchase of all or
substantially all of its assets) (for the purposes of this Section 2(i),
such person shall be deemed to beneficially own any of the Company’s Voting
Stock held by a parent entity, if such person “beneficially owns” (as defined
above), directly or indirectly, more than a majority of the voting power of the
Voting Stock of such parent entity); or

 

·                  the Company consolidates with, or merges with or
into, any person, or any person consolidates with, or merges with or into, the
Company, in any such event pursuant to a transaction in which any of the
Company’s outstanding Voting Stock or outstanding Voting Stock of such other
person is converted into or exchanged for cash, securities or other property,
other than any such transaction where the shares of the Company’s Voting Stock
outstanding immediately prior to such transaction constitute, or are converted
into or exchanged for, a majority of the Voting Stock of the surviving person
immediately after giving effect to such transaction; or

 

·                  the first day
on which a majority of the members of the Company’s Board of Directors are not
Continuing Directors; or

 

·                  the direct or
indirect sale, lease, transfer, conveyance or other disposition (other than by
way of merger or consolidation), in one or a series of related transactions, of
all or substantially all of the Company’s assets and the assets of the Subsidiaries
taken as a whole to any “person” (as such term is used in Sections 13(d) and
14(d) of the Exchange Act), other than to the Company or one of the
Company’s Subsidiaries; or

 

·                  the adoption by
the Company’s stockholders of a plan or proposal for its liquidation or
dissolution.

 

Notwithstanding the
foregoing, a transaction shall not be considered to be a Change of Control if (A) the
Company becomes a direct or indirect wholly owned Subsidiary of a holding
company and (B) immediately following that transaction, (1) the
direct or indirect holders of the Voting Stock of the holding company are
substantially the same as the holders of the Company’s Voting Stock immediately
prior to that transaction or (2) no person or group is the beneficial
owner, directly or indirectly, of more than a majority of the total voting
power of the Voting Stock of the holding company.

 

6

 

“Change of Control Repurchase Event” means the occurrence of
both a Change of Control and a Rating Decline with respect to such Change of
Control.  Notwithstanding anything in this Section 2(i), no
Change of Control Repurchase Event will be deemed to have occurred in connection
with any particular Change of Control unless and until such Change of Control
has actually been consummated.

 

“Continuing Directors” means, as of any date of
determination, any member of the Company’s Board of Directors who (a) was
a member of the Company’s Board of Directors on the date of issuance of the Notes
or (b) was nominated for election or elected to the Company’s Board of Directors
with the approval of a majority of the Continuing Directors who were members of
the Company’s Board of Directors at the time of such nomination or election.

 

“Investment Grade” means BBB- or higher by S&P and Baa3
or higher by Moody’s, or the equivalent of such ratings by S&P or Moody’s
or, if either S&P or Moody’s shall not make a rating on the Notes publicly
available, another Rating Agency.

 

“Moody’s” means Moody’s Investors Service Inc. and its
successors.

 

“Rating
Agency” means each of S&P and Moody’s or, to the extent S&P
or Moody’s or both do not make a rating on the Notes publicly available, a “nationally
recognized statistical rating organization” (within the meaning of Rule 15c3-1(c)(2)(vi)(F) under
the Exchange Act) or “organizations”, as the case may be, selected by the
Company (as certified by a resolution of the Company’s Board of Directors),
which shall be substituted for S&P or Moody’s, or both, as the case may be.

 

“Rating
Decline” means, with respect to a Change of Control, the Notes cease
to be rated Investment Grade by each Rating Agency on any date during the
period (“Trigger Period”) from the date of the
public notice of an arrangement that could result in such Change of Control
until 60 days following the consummation of such Change of Control (which
Trigger Period will be extended for so long as the rating on the Notes is under
publicly announced consideration for a possible downgrade by either of the
Rating Agencies).

 

“S&P” means Standard & Poor’s Ratings Service, a
division of The McGraw-Hill Companies, Inc. and its successors.

 

“Voting Stock” of any specified Person as of
any date means the capital stock of such Person that is at the time entitled to
vote generally in the election of the board of directors, managers or trustees,
as applicable, of such Person.

 

(j)                                     The Notes shall be issued in denominations of $2,000 and
integral multiples of $1,000 in excess thereof.

 

7

 

(k)                                  The Notes shall be issued only in registered form without
coupons.  The Notes shall be represented
by one or more Global Securities in the form set forth in Exhibit A hereto.

 

(l)                                     In the event of a declaration of acceleration of the
maturity of the Notes pursuant to Section 6.2 of the Indenture, 100% of the principal amount of the Notes shall be payable.

 

(m)                               The Notes shall be issued in United
States dollars.

 

(n)                                 Principal of and premium, if any, and interest on the Notes
shall be paid in United States dollars.

 

(o)                                 [N/A]

 

(p)                                 [N/A]

 

(q)                                 [N/A]

 

(r)                                    There shall be no additions to or changes in the Events of
Default (as defined in the Indenture) that apply to the Notes.  There shall be no change in the right of the
Trustee or the requisite Holders of the Notes to declare the principal amount
of the Notes due and payable pursuant to Section 6.2 of the Indenture.

 

(s)                                  Other than as set forth in Section 2(i) above,
there shall be no additions to or changes in the covenants set forth in Article IV
or V of the Indenture that apply to the Notes.

 

(t)                                    The Notes shall not be convertible to any other securities
of the Company.

 

(u)                                 The Notes shall be senior unsecured and unsubordinated debt
securities and shall rank equally with all of the Company’s existing and future
senior unsecured and unsubordinated indebtedness.  However, the Notes shall be structurally
subordinated to the indebtedness of the Company’s Subsidiaries and effectively subordinated
to any of the Company’s future secured indebtedness to the extent of the value
of the assets securing such indebtedness.

 

(v)                                 The Trustee shall act as the
Registrar, Paying Agent and Service Agent for the Notes.

 

 

[Signature page follows]

 

8

 

IN WITNESS WHEREOF, the
undersigned has executed this Officers’ Certificate on behalf of the Company in
his or her capacity as specified below.

 

Dated:  November 5, 2009

 

 

	
   

  	
  AMPHENOL
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  David Jositas 

  
	
   

  	
   

  	
  Name:
  David Jositas

  
	
   

  	
   

  	
  Title:
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Edward C. Wetmore

  
	
   

  	
   

  	
  Name:
  Edward C. Wetmore

  
	
   

  	
   

  	
  Title: Vice President, Secretary and General Counsel

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