Document:

EX-4(B) Indenture Dated September 3, 2003

 

Exhibit 4(b)

HARRIS CORPORATION

TO

THE BANK OF NEW YORK

AS TRUSTEE

INDENTURE

DATED AS OF SEPTEMBER 3, 2003

 

 

HARRIS CORPORATION

     
Cross-Reference Sheet Between Trust Indenture Act
of 1939 and Indenture:

	 	 	 
	Section of		
	Trust Indenture Act		
	of 1939		Indenture Section
	
		

	
    
    310(a) (1)
    

    	 	
    8.09
    
	
    
    310(a) (2)
    

    	 	
    8.09
    
	
    
    310(a) (3)
    

    	 	
    Not applicable
    
	
    
    310(a) (4)
    

    	 	
    Not applicable
    
	
    
    310(a) (5)
    

    	 	
    8.09
    
	
    
    310(b)
    

    	 	
    8.08 and 8.10
    
	
    
    310(c)
    

    	 	
    Not applicable
    
	
    
    311(a)
    

    	 	
    8.13
    
	
    
    311(b)
    

    	 	
    8.13
    
	
    
    311(c)
    

    	 	
    Not applicable
    
	
    
    312(a)
    

    	 	
    6.01 and 6.02(a)
    
	
    
    312(b)
    

    	 	
    6.02(b)
    
	
    
    312(c)
    

    	 	
    6.02(c)
    
	
    
    313(a)
    

    	 	
    6.04(a)
    
	
    
    313(b)
    

    	 	
    6.04(b)
    
	
    
    313(c)
    

    	 	
    6.04(b)
    
	
    
    313(d)
    

    	 	
    6.04(c)
    
	
    
    314(a)
    

    	 	
    5.13 and 6.03
    
	
    
    314(b)
    

    	 	
    Not applicable
    
	
    
    314(c)
    

    	 	
    13.06
    
	
    
    314(d)
    

    	 	
    Not applicable
    
	
    
    314(e)
    

    	 	
    13.06
    
	
    
    314(f)
    

    	 	
    Not applicable
    
	
    
    315(a)
    

    	 	
    8.01
    
	
    
    315(b)
    

    	 	
    7.07
    
	
    
    315(c)
    

    	 	
    8.01
    
	
    
    315(d)
    

    	 	
    8.01
    
	
    
    315(e)
    

    	 	
    7.08
    
	
    
    316(a)
    

    	 	
    7.01, 7.06 and 9.04
    
	
    
    316(b)
    

    	 	
    7.04, 7.06 and 11.02
    
	
    
    316(c)
    

    	 	
    11.02
    
	
    
    317(a)
    

    	 	
    7.02
    
	
    
    317(b)
    

    	 	
    5.08
    
	
    
    318(a)
    

    	 	
    13.07
    

NOTE: The above cross-reference table shall
not, for any purpose, be deemed to be a part of the Indenture.

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
					Page
					

	
    PARTIES
    	 	 	1	 
	
    
    RECITALS:
    

    	 	 	 	 	 	 
	 	 	
    Compliance with Legal Requirements
    	 	 	1	 
	 	 	
    Purpose of and Consideration for Indenture
    	 	 	1	 
	 
	
    ARTICLE ONE

     DEFINITIONS
    
	
    
    SECTION 1.01.
    

    	 	
    Definitions
    	 	 	1	 
	 	 	
    Attributable Debt
    	 	 	1	 
	 	 	
    Board of Directors
    	 	 	1	 
	 	 	
    Board Resolution
    	 	 	1	 
	 	 	
    Business Day
    	 	 	2	 
	 	 	
    Company
    	 	 	2	 
	 	 	
    Company Order
    	 	 	2	 
	 	 	
    Consolidated Net Worth
    	 	 	2	 
	 	 	
    Corporate Trust Office
    	 	 	2	 
	 	 	
    Depositary
    	 	 	2	 
	 	 	
    Event of Default
    	 	 	2	 
	 	 	
    Exchange Act
    	 	 	2	 
	 	 	
    Funded Debt
    	 	 	2	 
	 	 	
    Global Security
    	 	 	3	 
	 	 	
    Holder, Security Holder
    	 	 	3	 
	 	 	
    Indenture
    	 	 	3	 
	 	 	
    Officers’ Certificate
    	 	 	3	 
	 	 	
    Opinion of Counsel
    	 	 	3	 
	 	 	
    Original Issue Discount Security
    	 	 	3	 
	 	 	
    Outstanding
    	 	 	3	 
	 	 	
    person
    	 	 	4	 
	 	 	
    Principal Property
    	 	 	4	 
	 	 	
    responsible officer
    	 	 	4	 
	 	 	
    Restricted Subsidiary
    	 	 	4	 
	 	 	
    SEC
    	 	 	4	 
	 	 	
    Security or Securities
    	 	 	4	 
	 	 	
    Security Register
    	 	 	4	 
	 	 	
    Security Registrar
    	 	 	4	 
	 	 	
    Subsidiary
    	 	 	4	 
	 	 	
    Trust Indenture Act of 1939
    	 	 	4	 
	 	 	
    Trustee
    	 	 	5	 
	 	 	
    Yield to Maturity
    	 	 	5	 
	 	 	
    Wholly-owned Restricted Subsidiary
    	 	 	5	 
	
    
    SECTION 1.02.
    

    	 	
    Other Definitions
    	 	 	5	 
	
    
    SECTION 1.03.
    

    	 	
    Incorporation by Reference of Trust Indenture Act
    of 1939
    	 	 	5	 
	
    
    SECTION 1.04.
    

    	 	
    Rules of Construction
    	 	 	5	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

i

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE TWO

    

     SECURITIES
    
	
    
    SECTION 2.01.
    

    	 	
    Forms Generally
    	 	 	6	 
	
    
    SECTION 2.02.
    

    	 	
    Form of Trustee’s Certificate
    	 	 	6	 
	
    
    SECTION 2.03.
    

    	 	
    Amounts Unlimited; Issuable in Series
    	 	 	6	 
	
    
    SECTION 2.04.
    

    	 	
    Authentication and Delivery of Securities
    	 	 	8	 
	
    
    SECTION 2.05.
    

    	 	
    Execution of Securities
    	 	 	9	 
	
    
    SECTION 2.06.
    

    	 	
    Certificate of Authentication
    	 	 	9	 
	
    
    SECTION 2.07.
    

    	 	
    Denomination and Date of Securities; Payments
    of Interest
    	 	 	9	 
	
    
    SECTION 2.08.
    

    	 	
    Registration, Transfer and Exchange
    	 	 	10	 
	
    
    SECTION 2.09.
    

    	 	
    Mutilated, Defaced, Destroyed, Lost and
    Stolen Securities
    	 	 	10	 
	
    
    SECTION 2.10.
    

    	 	
    Cancellation of Securities;
    Destruction Thereof
    	 	 	11	 
	
    
    SECTION 2.11.
    

    	 	
    Temporary Securities
    	 	 	11	 
	
    
    SECTION 2.12.
    

    	 	
    CUSIP Numbers
    	 	 	11	 
	
    
    SECTION 2.13.
    

    	 	
    Book-Entry Provision for Global Securities
    	 	 	12	 
	 
	
    ARTICLE THREE

    

     REDEMPTION OF SECURITIES AND SINKING FUNDS
    
	
    
    SECTION 3.01.
    

    	 	
    Applicability of Article
    	 	 	12	 
	
    
    SECTION 3.02.
    

    	 	
    Notice of Redemption; Partial Redemption
    	 	 	13	 
	
    
    SECTION 3.03.
    

    	 	
    Payment of Securities Called for Redemption
    	 	 	13	 
	
    
    SECTION 3.04.
    

    	 	
    Exclusion of Certain Securities from Eligibility
    for Selection for Redemption
    	 	 	14	 
	
    
    SECTION 3.05.
    

    	 	
    Mandatory and Optional Sinking Funds
    	 	 	14	 
	 
	
    ARTICLE FOUR

    

     SATISFACTION AND DISCHARGE OF INDENTURE;

    

    DEPOSITED MONEYS AND GOVERNMENT OBLIGATIONS
    
	
    
    SECTION 4.01.
    

    	 	
    Covenant Defeasance of Securities
    	 	 	16	 
	
    
    SECTION 4.02.
    

    	 	
    Satisfaction and Discharge of Indenture
    	 	 	17	 
	
    
    SECTION 4.03.
    

    	 	
    Application of Trust Moneys
    	 	 	17	 
	
    
    SECTION 4.04.
    

    	 	
    Repayment to Company
    	 	 	17	 
	
    
    SECTION 4.05.
    

    	 	
    Reinstatement
    	 	 	18	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

ii

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE FIVE

    

     PARTICULAR COVENANTS OF THE COMPANY
    
	
    
    SECTION 5.01.
    

    	 	
    Payment of Principal of and Interest
    on Securities
    	 	 	18	 
	
    
    SECTION 5.02.
    

    	 	
    Maintenance of Offices and Agencies
    for Securities
    	 	 	18	 
	
    
    SECTION 5.03.
    

    	 	
    Company Not to Extend Time of Payment of Claims
    for Interest
    	 	 	19	 
	
    
    SECTION 5.04.
    

    	 	
    Due Authorization of Securities
    	 	 	19	 
	
    
    SECTION 5.05.
    

    	 	
    Company and Restricted Subsidiaries to
    Maintain Insurance
    	 	 	19	 
	
    
    SECTION 5.06.
    

    	 	
    Payment of Taxes and Governmental Charges;
    Maintenance of Property
    	 	 	19	 
	
    
    SECTION 5.07.
    

    	 	
    Company to Appoint Successor Trustee
    and Agents
    	 	 	20	 
	
    
    SECTION 5.08.
    

    	 	
    Appointment of Paying Agent Other
    Than Trustee
    	 	 	20	 
	
    
    SECTION 5.09.
    

    	 	
    Covenant to Maintain Corporate Existence
    	 	 	21	 
	
    
    SECTION 5.10.
    

    	 	
    Limitation on Sales and Leasebacks
    	 	 	21	 
	
    
    SECTION 5.11.
    

    	 	
    Negative Pledge
    	 	 	21	 
	
    
    SECTION 5.12.
    

    	 	
    Covenant of Further Assurances
    	 	 	23	 
	
    
    SECTION 5.13.
    

    	 	
    Officers’ Certificate as to Performance of
    Covenants; Notice of Certain Defaults
    	 	 	24	 
	 
	
    ARTICLE SIX

    

     SECURITY HOLDERS’ LIST AND REPORTS BY THE COMPANY

    

    AND THE TRUSTEE
    
	
    
    SECTION 6.01.
    

    	 	
    Company to Furnish Trustee Information as to
    Names and Addresses of Security Holders
    	 	 	24	 
	
    
    SECTION 6.02.
    

    	 	
    Trustee to Preserve List of Holders
    	 	 	24	 
	
    
    SECTION 6.03.
    

    	 	
    Company to Furnish Reports to Trustee
    	 	 	25	 
	
    
    SECTION 6.04.
    

    	 	
    Reports by Trustee
    	 	 	26	 
	 
	
    ARTICLE SEVEN

    

     REMEDIES OF THE TRUSTEE AND SECURITY HOLDERS

    

    UPON EVENT OF DEFAULT
    
	
    
    SECTION 7.01.
    

    	 	
    Events of Default Defined; Acceleration; Waiver
    and Rescission
    	 	 	26	 
	
    
    SECTION 7.02.
    

    	 	
    Covenant to Pay; Collection by Trustee
    	 	 	28	 
	
    
    SECTION 7.03.
    

    	 	
    Application of Moneys Collected by Trustee
    	 	 	29	 
	
    
    SECTION 7.04.
    

    	 	
    Limitation on Suits by Holders of Securities
    	 	 	30	 
	
    
    SECTION 7.05.
    

    	 	
    Delay or Omission in Exercise of Rights Not
    Waiver of Default
    	 	 	30	 
	
    
    SECTION 7.06.
    

    	 	
    Rights of Holders of Majority
    	 	 	30	 
	
    
    SECTION 7.07.
    

    	 	
    Trustee to Give Notice of Defaults Known to It,
    but May Withhold in Certain Circumstances
    	 	 	31	 
	
    
    SECTION 7.08.
    

    	 	
    Requirement of an Undertaking to Pay Costs in
    Certain Suits under Indenture or Against Trustee
    	 	 	31	 
	
    
    SECTION 7.09.
    

    	 	
    Waiver of Stay, Extension or Usury Laws
    	 	 	32	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

iii

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE EIGHT

    

     CONCERNING THE TRUSTEE
    
	
    
    SECTION 8.01.
    

    	 	
    Duties of Trustee Prior to and After Event
    of Default
    	 	 	32	 
	
    
    SECTION 8.02.
    

    	 	
    Rights of Trustee
    	 	 	33	 
	
    
    SECTION 8.03.
    

    	 	
    Trustee not Liable for Recitals in Indenture or
    in Securities
    	 	 	34	 
	
    
    SECTION 8.04.
    

    	 	
    Trustee, Paying Agent or Security Registrar May
    Own Securities
    	 	 	34	 
	
    
    SECTION 8.05.
    

    	 	
    Moneys Received by Trustee to Be Held
    in Trust
    	 	 	34	 
	
    
    SECTION 8.06.
    

    	 	
    Trustee Entitled to Compensation, Reimbursement
    and Indemnity
    	 	 	34	 
	
    
    SECTION 8.07.
    

    	 	
    Right of Trustee to Rely on Certificate of
    Officers of Company
    	 	 	35	 
	
    
    SECTION 8.08.
    

    	 	
    Trustee Acquiring Conflicting Interest
    	 	 	35	 
	
    
    SECTION 8.09.
    

    	 	
    Requirements for Eligibility of Trustee
    	 	 	35	 
	
    
    SECTION 8.10.
    

    	 	
    Replacement of Trustee
    	 	 	35	 
	
    
    SECTION 8.11.
    

    	 	
    Acceptance by Successor to Trustee; Eligibility
    and Qualification of Successor Trustee
    	 	 	36	 
	
    
    SECTION 8.12.
    

    	 	
    Successor to Trustee by Merger, Consolidation or
    Succession to Business
    	 	 	37	 
	
    
    SECTION 8.13.
    

    	 	
    Preferential Collection of Claims Against
    the Company
    	 	 	37	 
	 
	
    ARTICLE NINE

    

     CONCERNING THE SECURITY HOLDERS
    
	
    
    SECTION 9.01.
    

    	 	
    Evidence of Action of Security Holders
    	 	 	37	 
	
    
    SECTION 9.02.
    

    	 	
    Proof of Execution of Instruments and Holding
    of Securities
    	 	 	37	 
	
    
    SECTION 9.03.
    

    	 	
    Who May Be Deemed Owners of Securities
    	 	 	38	 
	
    
    SECTION 9.04.
    

    	 	
    Securities Owned by Company or Controlled or
    Controlling Persons Disregarded for Certain Purposes
    	 	 	38	 
	
    
    SECTION 9.05.
    

    	 	
    Action by Security Holders Binds
    Future Holders
    	 	 	38	 
	 
	
    ARTICLE TEN

    

     SECURITY HOLDERS’ MEETINGS
    
	
    
    SECTION 10.01.
    

    	 	
    Purposes for Which Meetings May Be Called
    	 	 	39	 
	
    
    SECTION 10.02.
    

    	 	
    Manner of Calling Meetings
    	 	 	39	 
	
    
    SECTION 10.03.
    

    	 	
    Call of Meetings by Company or
    Security Holders
    	 	 	39	 
	
    
    SECTION 10.04
    

    	 	
    Who May Attend and Vote at Meetings
    	 	 	39	 
	
    
    SECTION 10.05.
    

    	 	
    Regulations May Be Made by Trustee; Conduct of
    the Meeting; Voting Rights; Adjournment
    	 	 	40	 
	
    
    SECTION 10.06.
    

    	 	
    Manner of Voting at Meetings and Record to
    Be Kept
    	 	 	40	 
	
    
    SECTION 10.07.
    

    	 	
    Exercise of Rights of Trustee or Security Holders
    Not Hindered by Call of Meeting
    	 	 	40	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

iv

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE ELEVEN

    

     SUPPLEMENTAL INDENTURES
    
	
    
    SECTION 11.01.
    

    	 	
    Purposes for Which Supplemental Indenture May Be
    Entered Into Without Consent of Security Holders
    	 	 	41	 
	
    
    SECTION 11.02.
    

    	 	
    Modification of Indenture with Consent
    of Holders
    	 	 	42	 
	
    
    SECTION 11.03.
    

    	 	
    Effect of Supplemental Indentures
    	 	 	42	 
	
    
    SECTION 11.04.
    

    	 	
    Securities May Bear Notation of Changes
    	 	 	43	 
	
    
    SECTION 11.05.
    

    	 	
    Trustee to Sign Amendments, etc. 	 	 	43	 
	
    
    SECTION 11.06.
    

    	 	
    Payment for Consent
    	 	 	43	 
	 
	
    ARTICLE TWELVE

    

     CONSOLIDATION, MERGER OR SALE
    
	
    
    SECTION 12.01.
    

    	 	
    Consolidation, Merger or Sale
    	 	 	43	 
	
    
    SECTION 12.02.
    

    	 	
    Securities and Indenture to Be Assumed by
    Successor on Consolidation, Merger or Sale
    	 	 	44	 
	 
	
    ARTICLE THIRTEEN

    

     MISCELLANEOUS PROVISIONS
    
	
    
    SECTION 13.01.
    

    	 	
    Successors and Assigns of Company
    	 	 	44	 
	
    
    SECTION 13.02.
    

    	 	
    Acts of Board, Committee or Officers of
    Successor Corporation
    	 	 	44	 
	
    
    SECTION 13.03.
    

    	 	
    Surrender of Powers by Company
    	 	 	45	 
	
    
    SECTION 13.04.
    

    	 	
    Required Notices or Demands May Be Served
    by Mail
    	 	 	45	 
	
    
    SECTION 13.05.
    

    	 	
    Payments Due on Sundays or Holidays
    	 	 	45	 
	
    
    SECTION 13.06.
    

    	 	
    Officers’ Certificate and Opinion of Counsel
    to Be Furnished upon Applications or Demands by Company
    	 	 	45	 
	
    
    SECTION 13.07.
    

    	 	
    Provisions of Trust Indenture Act of 1939
    to Control
    	 	 	46	 
	
    
    SECTION 13.08.
    

    	 	
    Substituted Publication or Notice
    	 	 	46	 
	
    
    SECTION 13.09
    

    	 	
    Effect of Invalidity of Provisions
    	 	 	46	 
	
    
    SECTION 13.10.
    

    	 	
    Indenture to Be Construed in Accordance with New
    York Law
    	 	 	46	 
	
    
    SECTION 13.11.
    

    	 	
    Incorporators, Stockholders, Officers and
    Directors of Company Exempt from Individual Liability
    	 	 	46	 
	
    
    SECTION 13.12.
    

    	 	
    Provisions of Indenture for the Sole Benefit of
    Parties and Holders of Securities
    	 	 	46	 
	
    
    SECTION 13.13.
    

    	 	
    Indenture May Be Executed in Counterparts
    	 	 	46	 
	
    
    SECTION 13.14.
    

    	 	
    Table of Contents; Headings
    	 	 	47	 
	
    SIGNATURES
    	 	 	48	 
	
    ACKNOWLEDGMENTS
    	 	 	49	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

v

 

     
INDENTURE, dated as of September 3, 2003,
between HARRIS CORPORATION, a corporation duly incorporated and
existing under the laws of the State of Delaware (hereinafter
sometimes called the “Company”), and THE BANK
OF NEW YORK, a New York banking corporation (hereinafter
sometimes called the “Trustee”).

     
WHEREAS, the Company is empowered to issue
securities for any of the objects and purposes of the Company;
and

     
WHEREAS, for its lawful corporate purposes, the
Company has duly authorized the issue from time to time of its
unsecured debentures, notes or other evidences of indebtedness
to be issued in one or more series (hereinafter referred to as
the “Securities”), up to such principal amount
or amounts as may from time to time be authorized in accordance
with the terms of this Indenture; and

     
WHEREAS, all acts and things necessary to make
the Securities, when executed by the Company and authenticated
and delivered by the Trustee as in this Indenture provided, the
valid, binding and legal obligations of the Company, and to
constitute these presents a valid indenture and agreement, have
been done and performed, and the execution of this Indenture and
the issue hereunder of the Securities have in all respects been
duly authorized, and the Company, in the exercise of the legal
right and power in it vested, executes this Indenture and
proposes to make, execute, issue and deliver the Securities;

     
NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     
In consideration of the premises and of the
purchase and acceptance of the Securities by the holders
thereof, the Company covenants and agrees with the Trustee for
the equal and ratable benefit of the respective holders from
time to time of the Securities, as follows:

ARTICLE ONE

DEFINITIONS

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

Attributable Debt:

     
The term “Attributable Debt”
when used with respect to any sale and leaseback transaction
shall mean, at the time of determination, the present value
(discounted at the rate of interest implicit in the terms of the
lease) of the obligation of the lessee for net rental payments
during the remaining term of the lease (including any period for
which such lease has been extended or may, at the option of the
lessor, be extended). As used in the preceding sentence,
“net rental payments” under any lease for any
period shall mean the sum of the rental and other payments
required to be paid in such period by the lessee thereunder, not
including, however, any amounts required to be paid by such
lessee (whether or not designated as rental or additional
rental) on account of maintenance and repairs, insurance, taxes,
assessments, water rates or similar charges required to be paid
by such lessee thereunder or any amounts required to be paid by
such lessee thereunder contingent upon the amount of sales,
maintenance and repairs, insurance, taxes, assessments, water
rates or similar charges.

Board of Directors:

     
The term “Board of Directors”
shall mean the Board of Directors of the Company, the Executive
and Finance Committee thereof, or any other committee of the
Board of Directors duly authorized to act for the Board of
Directors.

Board Resolution:

     
The term “Board Resolution”
shall mean a copy of one or more resolutions, certified by the
secretary or an assistant secretary of the Company to have been
duly adopted by the Board of Directors and to be in full force
and effect, and delivered to the Trustee.

1

 

Business Day:

     
The term “Business Day” shall
mean any day, other than a Saturday or Sunday, that is neither a
legal holiday nor a day on which banking institutions are
authorized or required by law or regulation to close in the City
of New York or, with respect to any Securities the place of
payment for which is a city other than the City of New York, in
such other city.

Company:

     
The term “Company” shall mean
Harris Corporation and, subject to the provisions of
Article Twelve, in lieu of or in addition to Harris
Corporation, as the case may be, its successors and assigns.

Company Order:

     
The term “Company Order” shall
mean a written statement, request or order of the Company signed
in its name by the Chairman of the Board, the President or any
Vice President of the Company.

Consolidated Net Worth:

     
The term “Consolidated Net
Worth” shall mean the stockholders’ equity of the
Company and its consolidated Subsidiaries, as shown on the
audited consolidated balance sheet in the Company’s latest
annual report to stockholders.

Corporate Trust Office:

     
The term “Corporate Trust
Office” shall mean the principal office of the Trustee
at which at any time its corporate trust business shall be
administered, which office at the date hereof is located at 101
Barclay Street, Floor 8 West, New York, New York 10286,
Attention: Corporate Trust Administration, 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).

Depositary:

     
The term “Depositary” shall
mean, with respect to the Securities of any series issuable in
the form of one or more Global Securities, the person designated
as Depositary by the Company pursuant to Sections 2.03 and
2.13 until a successor Depositary shall have become such
pursuant to the applicable provisions of this Indenture, and
thereafter “Depositary” shall mean or include
each person who is then a Depositary hereunder, and if at any
time there is more than one such person,
“Depositary” as used with respect to the
Securities of any such series shall mean the Depositary with
respect to the Global Securities of that series.

Event of Default:

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

Exchange Act:

     
The term “Exchange Act” shall
mean the Securities Exchange Act of 1934, as amended.

Funded Debt:

     
The term “Funded Debt” shall
mean all indebtedness issued, incurred, assumed or guaranteed by
the Company or a Restricted Subsidiary, or for the payment of
which it is otherwise primarily or secondarily liable, maturing
by its terms more than one year from the date of the creation
thereof or renewable or refundable at the option of the obligor
to a date more than one year from the date of the original
creation thereof.

2

 

Global Security:

     
The term “Global Security” shall
mean a security evidencing all or a part of a series of
Securities issued to the Depositary for such series in
accordance with Section 2.13.

Holder, Security Holder:

     
The terms “Holder” and
“Security Holder” or similar terms shall mean
the person in whose name such Security is registered in the
Security Register kept by the Company for that purpose in
accordance with the terms hereof.

Indenture:

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

Officers’ Certificate:

     
The term “Officers’
Certificate” shall mean a certificate signed by the
Chairman of the Board or the President or a Vice President and
by the Treasurer or an Assistant Treasurer or the Controller or
the Secretary or an Assistant Secretary of the Company. Each
such certificate shall include the statements provided for in
Section 13.06, if and to the extent required by the
provisions thereof.

Opinion of Counsel:

     
The term “Opinion of Counsel”
shall mean an opinion in writing signed by legal counsel who
shall be satisfactory to the Trustee, and who may be an employee
of or counsel to the Company. Each such opinion shall include
the statements provided for in Section 13.06, if and to the
extent required by the provisions thereof.

Original Issue Discount Security:

     
The term “Original Issue Discount
Security” shall mean any Security that provides for an
amount less than the principal amount thereof to be due and
payable upon a declaration of acceleration of the maturity
thereof pursuant to Section 7.01.

Outstanding:

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

		
	 	     
    (a) Securities theretofore cancelled by the
    Trustee or delivered to the Trustee for cancellation;
    
	 
	 	     
    (b) Securities for the payment or redemption
    of which moneys in the necessary amount shall have been
    deposited in trust with the Trustee or with any paying agent
    (other than the Company); provided that if such
    Securities are to be redeemed prior to the maturity thereof,
    notice of such redemption shall have been given as in
    Article Three provided, or provision satisfactory to the
    Trustee shall have been made for giving such notice; and
    
	 
	 	     
    (c) Securities in lieu of or in substitution
    for which other Securities shall have been authenticated and
    delivered pursuant to the terms of Section 2.09, unless
    proof satisfactory to the Trustee is presented that any such
    Securities are held by one or more protected purchasers;
    

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

3

 

and that the pledgee is not the Company or any
other obligor upon the Securities or any affiliate of the
Company or such other obligor.

person:

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

Principal Property:

     
The term “Principal Property”
shall mean any manufacturing plant located within the United
States of America (other than its territories or possessions)
and owned or leased by the Company or any Subsidiary, except any
such plant that, in the opinion of the Board of Directors of the
Company, is not of material importance to the business conducted
by the Company and its Subsidiaries, taken as a whole.

Responsible officer:

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

Restricted Subsidiary:

     
The term “Restricted Subsidiary”
shall mean any Subsidiary that owns or leases a Principal
Property.

SEC:

     
The term “SEC” shall mean the
Securities and Exchange Commission.

Security or Securities:

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

Security Register:

     
The term “Security Register”
shall mean the register kept, or caused to be kept, by the
Company with the Security Registrar pursuant to
Section 2.08.

Security Registrar:

     
The term “Security Registrar”
shall mean the office or agency appointed and maintained by the
Company pursuant to Section 5.02.

Subsidiary:

     
The term “Subsidiary” shall mean
any corporation of which the Company, or the Company and one or
more Subsidiaries, or any one or more Subsidiaries, directly or
indirectly own at the time (i) more than fifty percent
(50%) of the outstanding capital stock having under ordinary
circumstances (not dependent upon the happening of a
contingency) voting power in the election of members of the
board of directors, managers or trustees of said corporation,
and (ii) securities having at such time voting power to
elect at least a majority of the members of the board of
directors, managers or trustees of said corporation.

Trust Indenture Act of 1939:

     
The term “Trust Indenture Act of
1939,” subject to the provisions of Sections 11.01
and 11.02, shall mean the Trust Indenture Act of 1939 as in
force at the date of execution of this instrument as
originally executed.

4

 

Trustee:

     
The term “Trustee” shall mean
the Trustee under this Indenture for the time being, whether
original or successor.

Yield to Maturity:

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

Wholly-owned Restricted Subsidiary:

     
The term “Wholly-owned Restricted
Subsidiary” shall mean a Restricted Subsidiary all of
the outstanding capital stock of which, other than
directors’ qualifying shares, and all of the Funded Debt of
which, shall at the time be owned by the Company or by one or
more Wholly-owned Restricted Subsidiaries, or by the Company in
conjunction with one or more Wholly-owned Restricted
Subsidiaries.

     
SECTION 1.02.     Other
Definitions.

	 	 	 	 	 
	Term:		Defined in Section:
	
		

	
    
    “additional lien”
    

    	 	 	12.01	 
	
    
    “Agent Members”
    

    	 	 	2.13	 
	
    
    “applicants”
    

    	 	 	6.02	 
	
    
    “defaults”
    

    	 	 	7.07	 
	
    
    “Government Contracts”
    

    	 	 	5.11	 
	
    
    “Government Obligations”
    

    	 	 	4.01	 
	
    
    “mandatory sinking fund payment”
    

    	 	 	3.05	 
	
    
    “optional sinking fund payment”
    

    	 	 	3.05	 
	
    
    “record date”
    

    	 	 	2.07	 
	
    
    “sinking fund payment date”
    

    	 	 	3.05	 

     
SECTION 1.03.     Incorporation
by Reference of Trust Indenture Act of 1939. Whenever this
Indenture refers to a provision of the Trust Indenture Act of
1939, the provision is incorporated by reference in and made a
part of this Indenture. The following Trust Indenture Act of
1939 terms used in this Indenture have the following meanings:

		
	 	     
    “Commission”
    means the SEC.
    
	 
	 	     
    “indenture
    securities” means the Securities.
    
	 
	 	     
    “indenture securityholder”
    means a Holder or Security Holder.
    
	 
	 	     
    “indenture to be qualified”
    means this Indenture.
    
	 
	 	     
    “indenture trustee”
    or “institutional
    trustee” means the Trustee.
    
	 
	 	     
    “obligor”
    on the indenture securities means the
    Company.
    

     
All other Trust Indenture Act of 1939 terms used
in this Indenture that are defined by the Trust Indenture Act of
1939, defined by Trust Indenture Act of 1939 reference to
another statute, or defined by SEC rule have the meanings
assigned to them by such definitions.

     
SECTION 1.04.     Rules
of Construction. Unless the context otherwise requires:

		
	 	     
    (1) a term has the meaning assigned to it;
    
	 
	 	     
    (2) an accounting term not otherwise defined
    has the meaning assigned to it in accordance with generally
    accepted accounting principles as in effect in the United States
    from time to time;
    
	 
	 	     
    (3) “or” is not exclusive;
    
	 
	 	     
    (4) “including” means including,
    without limitation; and
    
	 
	 	     
    (5) words in the singular include the
    plural, and words in the plural include the singular.
    

5

 

ARTICLE TWO

SECURITIES

     
SECTION 2.01.     Forms
Generally. The Securities of each series shall be
substantially in such form (not inconsistent with this
Indenture) as shall be established by or pursuant to one or more
Board Resolutions (as set forth in a Board Resolution or, to the
extent established pursuant to rather than set forth in a Board
Resolution, an Officers’ Certificate detailing such
establishment) or in one or more indentures supplemental hereto,
in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted
by this Indenture and may have imprinted or otherwise reproduced
thereon such legend or legends or endorsements, not inconsistent
with the provisions of this Indenture, as may be required to
comply with any law or with any rules or regulations pursuant
thereto, or with any rules of any securities exchange or to
conform to general usage, all as may be determined by the
officers executing such Securities as evidenced by their
execution of such Securities.

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

     
Section 2.02. Form of Trustee’s
Certificate. The Trustee’s certificate of
authentication on all Securities shall be in substantially the
following form:

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

		
	 	
    THE BANK OF NEW YORK
    
	 	
    as Trustee
    

			
	 	By: 	

		
	 	
    

	 	
    Authorized Signatory
    

     
SECTION 2.03.     Amounts
Unlimited; Issuable in Series. The aggregate principal
amount of Securities which may be authenticated and delivered
under this Indenture is unlimited.

     
The Securities may be issued in one or more
series, and each such series shall rank equally and pari passu
with all other unsecured and unsubordinated debt of the Company.
All Securities of any one series shall be substantially
identical except as to denomination. There shall be established
in or pursuant to one or more Board Resolutions and set forth in
a Board Resolution or, to the extent established pursuant to
(rather than set forth in) a Board Resolution, in one or more
Officers’ Certificates detailing such establishment, and/or
established in one or more indentures supplemental hereto, prior
to the initial issuance of Securities of any series,

		
	 	     
    (a) the designation of the Securities of the
    series (which may be part of a series of Securities previously
    issued);
    
	 
	 	     
    (b) any limit upon the aggregate principal
    amount of the Securities of the 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 the series
    pursuant to Section 2.08, 2.09, 2.11, 2.13, 3.03 or 11.04);
    
	 
	 	     
    (c) any date on which the principal of the
    Securities of the series is payable or the method by which any
    such date shall be determined;
    
	 
	 	     
    (d) the rate or rates at which the
    Securities of the series shall bear interest, if any, the date
    or dates from which such interest shall accrue, on which such
    interest shall be payable and on which a
    

6

 

		
	 	
    record shall be taken for the determination of
    Holders to whom interest is payable and/or the method by which
    such rate or rates or date or dates shall be determined;
    
	 
	 	     
    (e) the place or places where the principal
    of, premium, if any, and any interest on Securities of the
    series shall be payable (if other than as provided in
    Section 5.02);
    
	 
	 	     
    (f) the price or prices at which, the period
    or periods within which and the terms and conditions upon which
    Securities of the series may be redeemed, in whole or in part,
    at the option of the Company, pursuant to any sinking fund or
    otherwise;
    
	 
	 	     
    (g) the obligation, if any, of the Company
    to redeem, purchase or repay Securities of the series pursuant
    to any mandatory redemption, sinking fund or analogous
    provisions or at the option of a Holder thereof and the price or
    prices at which and the period or periods within which and any
    terms and conditions upon which Securities of the series shall
    be redeemed, purchased or repaid, in whole or in part, pursuant
    to such obligation;
    
	 
	 	     
    (h) if other than denominations of $1,000 or
    any amount in excess thereof which is an integral multiple of
    $1,000, the denominations in which Securities of the series
    shall be issuable;
    
	 
	 	     
    (i) if other than the principal amount
    thereof, the portion of the principal amount of Securities of
    the series that shall be payable upon declaration of
    acceleration of the maturity thereof;
    
	 
	 	     
    (j) whether the Securities of the series
    will be issuable as Global Securities;
    
	 
	 	     
    (k) whether and under what circumstances the
    Company will pay additional amounts on the Securities of the
    series held by a person who is not a U.S. person in respect of
    any tax, assessment or governmental charge withheld or deducted
    and, if so, whether the Company will have the option to redeem
    such Securities rather than pay such additional amounts;
    
	 
	 	     
    (l) if the Securities of such series are to
    be issuable in definitive form (whether upon original issue or
    upon exchange of a temporary Security or Global Security of such
    series) only upon receipt of certain certificates or other
    documents or satisfaction of other conditions, then the form and
    terms of such certificates, documents or conditions;
    
	 
	 	     
    (m) any trustees, depositaries,
    authenticating or paying agents, transfer agents, calculation
    agent (if any), or registrars or any other agents with respect
    to the Securities of such series;
    
	 
	 	     
    (n) if other than such coin or currency of
    the United States of America as at the time of payment is legal
    tender for payment of public or private debts, the coin or
    currency or currency unit in which payment of principal of,
    premium, if any, and interest on, the Securities of such series
    shall be payable;
    
	 
	 	     
    (o) if the amount of payment of principal
    of, premium, if any, and interest on, the Securities of such
    series may be determined with reference to an index, formula or
    other method, the manner in which such amounts shall be
    determined;
    
	 
	 	     
    (p) whether the Securities of such series
    are subject to defeasance or covenant defeasance, or such other
    means of satisfaction and discharge as may be specified for such
    series;
    
	 
	 	     
    (q) the obligation, if any, of the Company
    to permit or cause the Securities of such series to be converted
    into or exchanged for common stock of the Company or other
    securities or property of the Company and the terms and
    conditions upon which conversion or exchange shall be effected;
    
	 
	 	     
    (r) if convertible or exchangeable, any
    limitations on the ownership or transferability of the
    securities or property into which the Securities of such series
    are convertible or exchangeable;
    
	 
	 	     
    (s) any other deletions of, or changes or
    additions to, events of default or covenants with respect to the
    Securities of such series; and
    
	 
	 	     
    (t) any other terms of the series (which
    terms shall not be inconsistent with the provisions of this
    Indenture).
    

7

 

     
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 by
or pursuant to such Board Resolution, such Officers’
Certificate or any such indenture supplemental hereto.

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

     
SECTION 2.04.     Authentication
and Delivery of Securities. The Company may deliver
Securities of any series executed by the Company to the Trustee
for authentication together with the applicable documents
referred to below in this Section, and the Trustee shall
thereupon authenticate and deliver such Securities to or upon
the order of the Company (contained in the Company Order
referred to below in this Section) or pursuant to such
procedures acceptable to the Trustee and to such recipients as
may be specified from time to time by a Company Order. The
maturity date, original issue date, interest rate and any other
terms of the Securities of such series shall be determined by or
pursuant to such Company Order and procedures. If provided for
in such procedures, such Company Order may authorize
authentication and delivery pursuant to oral instructions from
the Company or its duly authorized agent, which instructions
shall be promptly confirmed in writing. In authenticating such
Securities and accepting the additional responsibilities under
this Indenture in relation to such Securities the Trustee shall
receive, and (subject to Section 8.01) shall be fully
protected in relying upon:

		
	 	     
    (a) a Company Order requesting such
    authentication and setting forth delivery instructions if the
    Securities are not to be delivered to the Company;
    
	 
	 	     
    (b) any Board Resolution, Officers’
    Certificate or executed supplemental indenture referred to in
    Sections 2.01 and 2.03 by or pursuant to which the forms
    and terms of such Securities were established;
    
	 
	 	     
    (c) an Officers’ Certificate setting
    forth the form or forms and terms of the Securities stating that
    the form or forms and terms of the Securities have been
    established pursuant to Section 2.01 and 2.03 and comply
    with this Indenture, and covering such other matters as the
    Trustee may reasonably request; and
    
	 
	 	     
    (d) At the option of the Company, either an
    Opinion of Counsel, or a letter addressed to the Trustee
    permitting it to rely on an Opinion of Counsel, substantially to
    the effect that:
    

		
	 	     
    (i) the forms of the Securities have been
    duly authorized and established in conformity with the
    provisions of this Indenture;
    
	 
	 	     
    (ii) certain terms of the Securities have
    been established pursuant to a Board Resolution, an
    Officer’s Certificate or a supplemental indenture in
    accordance with this Indenture, and when such other terms as are
    to be established pursuant to procedures set forth in a Company
    Order shall have been established, all such terms will have been
    duly authorized by the Company and will have been established
    inconformity with the provisions of this Indenture; and
    
	 
	 	     
    (iii) when the Securities have been executed
    by the Company and authenticated by the Trustee in accordance
    with the provisions of this Indenture and delivered to and duly
    paid for by the purchasers thereof, they will have been duly
    issued under this Indenture and will be valid and legally
    binding obligations of the Company, enforceable in accordance
    with their respective terms, and will be entitled to the
    benefits of this Indenture.
    

     
In rendering such opinions, such counsel may
qualify any opinions as to enforceability by stating that such
enforceability may be limited by bankruptcy, insolvency,
reorganization, liquidation, moratorium and other similar laws
affecting the rights and remedies of creditors and is subject to
general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at
law). Such counsel may rely, as to all matters governed by the
laws of jurisdictions other than the State of New York and the
federal law of the United States, upon opinions of other counsel
(copies of which shall be delivered to the Trustee), who shall
be counsel reasonably satisfactory to the Trustee, in which case
the

8

 

opinion shall state that such counsel believes he
and the Trustee are entitled so to rely. Such counsel may also
state that, insofar as such opinion involves factual matters, he
has relied, to the extent he deems proper, upon certificates of
officers of the Company and its subsidiaries and certificates of
public officials.

     
The Trustee shall have the right to decline to
authenticate and deliver any Securities under this Section if
the Trustee, being advised by counsel, determines that such
action may not lawfully be taken by the Company or if the
Trustee in good faith by its board of directors or board of
trustees, executive committee, or a trust committee of directors
or trustees or responsible officers shall determine that such
action would expose the Trustee to personal liability to
existing Holders or would affect the Trustee’s own rights,
duties or immunities under the Securities, this Indenture or
otherwise.

     
SECTION 2.05.     Execution
of Securities. The Securities shall be signed on behalf of
the Company by the chairman of its Board of Directors or any
vice chairman of its Board of Directors or its president or any
vice president or its secretary or treasurer. Such signatures
may be the manual or facsimile signatures of the present or any
future such officers. Typographical and other minor errors or
defects in any such reproduction of the seal or any such
signature shall not affect the validity or enforceability of any
Security that has been duly authenticated and delivered by the
Trustee.

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

     
SECTION 2.06.     Certificate
of Authentication. Only such Securities as shall bear
thereon a certificate of authentication substantially in the
form set forth in Section 2.02 hereof, executed by the
Trustee by the manual signature of one of its authorized
representatives, shall be entitled to the benefits of this
Indenture or be valid or obligatory for any purpose. The
execution of such certificate by the Trustee upon any Security
executed by the Company shall be conclusive evidence that the
Security so authenticated has been duly authenticated and
delivered hereunder and that the Holder is entitled to the
benefits of this Indenture.

     
SECTION 2.07.     Denomination
and Date of Securities; Payments of Interest. The Securities
of each series shall be issuable in denominations established as
contemplated by Section 2.03 or, if not so established, in
denominations of $1,000 and any integral multiple of $1,000 in
excess thereof. The Securities of each series shall be numbered,
lettered or otherwise distinguished in such manner or in
accordance with such plan as the officers of the Company
executing the same may determine with the approval of the
Trustee, as evidenced by the execution and authentication
thereof.

     
Each Security shall be dated the date of its
authentication.

     
The person in whose name any Security of any
series is registered at the close of business on any record date
applicable to a particular series with respect to any interest
payment date for such series shall be entitled to receive the
interest, if any, payable on such interest payment date
notwithstanding any transfer or exchange of such Security
subsequent to the record date and prior to such interest payment
date, except if and to the extent the Company shall default in
the payment of the interest due on such interest payment date
for such series, in which case such defaulted interest shall be
paid to the persons in whose names Outstanding Securities for
such series are registered at the close of business on a
subsequent record date (which shall be not less than five
Business Days prior to the date of payment of such defaulted
interest) established by notice given by mail by or on behalf of
the Company to the Holders of Securities not less than fifteen
days preceding such subsequent record date. The term
“record date” as used with respect to any
interest payment date (except a date for payment of defaulted
interest) for the Securities of any series shall mean the date
specified as such in the terms of the Securities of such series
established as contemplated by Section 2.03, or, if no such
date is so established, the date fifteen calendar days prior to
an interest payment date (whether or not a Business Day).

9

 

     
SECTION 2.08.     Registration,
Transfer and Exchange. The Company will keep at each office
or agency to be maintained for the purpose as provided in
Section 5.02 for each series of Securities a register or
registers in which, subject to such reasonable regulations as it
may prescribe, it will provide for the registration of
Securities of such series and the registration of transfer of
Securities of such series. At all reasonable times such register
or registers shall be open for inspection by the Trustee.

     
Upon due presentation for registration of
transfer of any Security of any series at any such office or
agency to be maintained for the purpose as provided in
Section 5.02, the Company shall execute and the Trustee
shall authenticate and deliver in the name of the transferee or
transferees a new Security or Securities of the same series,
maturity date, interest rate and original issue date and other
terms in authorized denominations for a like aggregate principal
amount.

     
At the option of the Holder thereof, Securities
of any series (except a Global Security) may be exchanged for a
Security or Securities of such series having authorized
denominations and an equal aggregate principal amount, upon
surrender of such Securities to be exchanged at the agency of
the Company that shall be maintained for such purpose in
accordance with Section 5.02 and upon payment, if the
Company shall so require, of the charges hereinafter provided.
Whenever any Securities are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Holder making the exchange is
entitled to receive. All Securities surrendered upon any
exchange or registration of transfer provided for in this
Indenture shall be promptly cancelled and disposed of by the
Trustee and the Trustee will deliver a certificate of
disposition thereof to the Company.

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

     
The Company may require payment of a sum
sufficient to cover any tax or other governmental charge that
may be imposed in connection with any exchange or registration
of transfer of Securities. No service charge shall be made for
any such transaction.

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

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

     
SECTION 2.09.     Mutilated,
Defaced, Destroyed, Lost and Stolen Securities. In case any
temporary or definitive Security shall become mutilated, defaced
or be destroyed, lost or stolen, the Company in its discretion
may execute, and upon the written request of any officer of the
Company, the Trustee shall authenticate and deliver a new
Security of the same series, maturity date, interest rate and
original issue date, bearing a number or other distinguishing
symbol not contemporaneously outstanding, in exchange and
substitution for the mutilated or defaced Security, or in lieu
of and in substitution for the Security so destroyed, lost or
stolen. In every case the applicant for a substitute Security
shall furnish to the Company and to the Trustee and any agent of
the Company or the Trustee such security or indemnity as may be
required by them to indemnify and defend and to save each of
them harmless and, in every case of destruction, loss or theft,
evidence to their satisfaction of the destruction, loss or theft
of such Security and of the ownership thereof and in the case of
mutilation or defacement shall surrender the Security to the
Trustee or such agent.

     
Upon the issuance of any substitute Security, the
Company may require the payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses
of the Trustee) connected therewith. In case any Security which
has matured or is about to mature or has been called for
redemption in full shall become mutilated

10

 

or defaced or be destroyed, lost or stolen, the
Company may instead of issuing a substitute Security, pay or
authorize the payment of the same (without surrender thereof
except in the case of a mutilated or defaced Security), if the
applicant for such payment shall furnish to the Company and to
the Trustee and any agent of the Company or the Trustee such
security or indemnity as any of them may require to save each of
them harmless, and, in every case of destruction, loss or theft,
the applicant shall also furnish to the Company and the Trustee
and any agent of the Company or the Trustee evidence to their
satisfaction of the destruction, loss or theft of such Security
and of the ownership thereof.

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

     
SECTION 2.10.     Cancellation
of Securities; Destruction Thereof. All Securities
surrendered for payment, redemption, registration of transfer or
exchange, or for credit against any payment in respect of a
sinking or analogous fund, if surrendered to the Company or any
agent of the Company or the Trustee, shall be delivered to the
Trustee for cancellation or, if surrendered to the Trustee,
shall be cancelled by it; and no Securities shall be issued in
lieu thereof except as expressly permitted by any of the
provisions of this Indenture. The Trustee shall dispose of
cancelled Securities held by it in accordance with its customary
procedures. If the Company shall acquire any of the Securities,
such acquisition shall not operate as a redemption or
satisfaction of the indebtedness represented by such Securities
unless and until the same are delivered to the Trustee or its
agent for cancellation.

     
SECTION 2.11.     Temporary
Securities. Pending the preparation of definitive Securities
for any series, the Company may execute and the Trustee shall
authenticate and deliver temporary Securities for such series
(printed, lithographed, typewritten or otherwise reproduced, in
each case in form satisfactory to the Trustee). Temporary
Securities of any series shall be issuable as Securities of any
authorized denomination, and substantially in the form of the
definitive Securities of such series but with such omissions,
insertions and variations as may be appropriate for temporary
Securities, all as may be determined by the Company with the
concurrence of the Trustee as evidenced by the execution and
authentication thereof. Temporary Securities may contain such
references to any provisions of this Indenture as may be
appropriate. Every temporary Security shall be executed by the
Company and be authenticated by the Trustee upon the same
conditions and in substantially the same manner, and with like
effect, as the definitive Securities. Without unreasonable delay
the Company shall execute and shall furnish definitive
Securities of such series and thereupon temporary Securities of
such series may be surrendered in exchange therefor without
charge at each office or agent to be maintained by the Company
for that purpose pursuant to Section 5.02 and the Trustee
shall authenticate and deliver in exchange for such temporary
Securities of such series an equal aggregate principal amount of
definitive Securities of the same series having authorized
denominations. Until so exchanged, the temporary Securities of
any series shall be entitled to the same benefits under this
Indenture as definitive Securities of such series, unless
otherwise established pursuant to Section 2.03.

     
SECTION 2.12.     CUSIP
Numbers. The Company may issue the Securities of any series
with one or more “CUSIP,” “ISIN” and
“CINS” numbers (if then generally in use), and, if so,
the Trustee shall use “CUSIP,” “ISIN” and
“CINS” numbers in notices of redemption as a
convenience to Holders of the Securities of such series;
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 of such series or as
contained in any notice of a redemption and that reliance may be
placed only on the other identification numbers

11

 

printed on the Securities of such series, and any
such redemption shall not be affected by any defect in or
omission of such numbers. The Company will promptly notify the
Trustee of any change in the “CUSIP,” “ISIN”
and “CINS” numbers of the Securities of any series.

     
SECTION 2.13.     Book-Entry
Provisions for Global Securities.

     
(a) Any Global Security of a series
initially shall (i) be registered in the name of the
Depositary, who shall be The Depository Trust Company or as
otherwise identified in or pursuant to the Board Resolution
authorizing the issuance of such series of Securities or the
nominee of such Depositary, (ii) be delivered to the Trustee as
custodian for such Depositary and (iii) bear any required
legends.

     
Members of, or participants in, the Depositary
(“Agent Members”) shall have no rights under
this Indenture with respect to any Global Security held on their
behalf by the Depositary, or the Trustee as its custodian, or
under the Global Security, and the Depositary may be treated by
the Company, the Trustee and any agent of the Company or the
Trustee as the absolute owner of the Global Security for all
purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee or any agent of
the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the
Depositary or impair, as between the Depositary and its Agent
Members, the operation of customary practices governing the
exercise of the rights of a Holder of any Security.

     
(b) Transfers of any Global Security shall
be limited to transfers in whole, but not in part, to the
Depositary, its successors or their respective nominees.
Interests of beneficial owners in the Global Security may be
transferred or exchanged for definitive Securities in accordance
with the rules and procedures of the Depositary. Definitive
Securities shall be transferred to all beneficial owners in
exchange for their beneficial interests in a Global Security
only if (i) the Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for the Global
Security, or the Depositary has ceased to be a “clearing
agency” registered under the Exchange Act, and a successor
depositary is not appointed by the Company within 90 days
of such notice, (ii) the Company in its sole discretion
elects not to have the Securities represented by a Global
Security and to cause the issuance of definitive Securities or
(iii) an Event of Default has occurred and
is continuing.

     
(c) In connection with any transfer or
exchange of a portion of the beneficial interest in any Global
Security to beneficial owners pursuant to paragraph (b), the
Security Registrar shall (if one or more definitive Securities
are to be issued) reflect on the Security Register the date and
a decrease in the principal amount of the Global Security in an
amount equal to the principal amount of the beneficial interest
in the Global Security to be transferred, and the Company shall
execute, and the Trustee shall authenticate and deliver, one or
more definitive Securities of like tenor and amount.

     
(d) In connection with the transfer of an
entire Global Security to beneficial owners pursuant to
paragraph (b), the Global Security shall be deemed to be
surrendered to the Trustee for cancellation, and the Company
shall execute, and the Trustee shall authenticate and deliver,
to each beneficial owner identified by the Depositary in
exchange for its beneficial interest in the Global Security, an
equal aggregate principal amount of definitive Securities of
authorized denominations.

     
(e) The Holder of any Global Security may
grant proxies and otherwise authorize any person, including
Agent Members and persons that may hold interests through Agent
Members, to take any action which a Holder is entitled to take
under this Indenture or the Securities of such series.

ARTICLE THREE

REDEMPTION OF SECURITIES AND SINKING FUNDS

     
SECTION 3.01.     Applicability
of Article. The provisions of this Article shall be
applicable to the Securities of any series which are redeemable
before their maturity or to any sinking fund for the retirement
of Securities of a series except as otherwise specified as
contemplated by Section 2.03 for Securities of such series.

12

 

     
SECTION 3.02.     Notice
of Redemption; Partial Redemption. Notice of redemption to
the Holders of Securities of any series to be redeemed as a
whole or in part at the option of the Company shall be given by
mailing notice of such redemption by first class mail, postage
prepaid, at least thirty days and not more than sixty days prior
to the date fixed for redemption to such Holders of Securities
of such series at their last addresses as they shall appear upon
the Security Register. Any notice which is mailed in the manner
herein provided shall be conclusively presumed to have been duly
given, whether or not the Holder receives the notice. Failure to
give notice by mail, or any defect in the notice, to the Holder
of any Security of a series designated for redemption as a whole
or in part shall not affect the validity of the proceedings for
the redemption of any other Security of such series.

     
The notice of redemption to each such Holder
shall specify the principal amount of each Security of such
series held by such Holder to be redeemed, the date fixed for
redemption, the redemption price, the place or places of
payment, the name and address of the paying agent, that payment
will be made upon presentation and surrender of such Securities,
the provision of the Securities of such series permitting or
requiring the redemption, that interest accrued to the date
fixed for redemption will be paid as specified in such notice
and that on and after said date interest thereon or on the
portions thereof to be redeemed will cease to accrue. In case
any Security of a series is to be redeemed in part only, the
notice of redemption shall state the portion of the principal
amount thereof to be redeemed and shall state that on and after
the date fixed for redemption, upon surrender of such Security,
a new Security or Securities of such series in principal amount
equal to the unredeemed portion thereof will be issued.

     
The notice of redemption of Securities of any
series to be redeemed at the option of the Company shall be
given by the Company or, at the Company’s request, by the
Trustee in the name and at the expense of the Company.

     
On or before the redemption date specified in the
notice of redemption given as provided in this Section, the
Company will deposit with the Trustee or with one or more paying
agents (or, if the Company is acting as its own paying agent,
set aside, segregate and hold in trust as provided in
Section 5.08) an amount of money sufficient to redeem on
the date fixed for redemption all the Securities of such series
so called for redemption at the appropriate redemption price,
together with accrued interest to the date fixed for redemption.
If less than all the Outstanding Securities of a series are to
be redeemed at the election of the Company, the Company will
deliver to the Trustee at least sixty days prior to the date
fixed for redemption an Officers’ Certificate stating the
aggregate principal amount of Securities to be redeemed. In case
of a redemption at the election of the Company prior to the
expiration of any restriction on such redemption, the Company
shall deliver to the Trustee, prior to the giving of any notice
of redemption to Holders pursuant to this Section, an
Officers’ Certificate stating that such restriction has
been complied with.

     
If less than all the Securities of a series are
to be redeemed, the Trustee shall select, in such manner that
complies with applicable legal and securities exchange
requirements, if any, and that the Trustee shall deem
appropriate and fair, which may include selection pro rata or by
lot, Securities of such series to be redeemed in whole or in
part. Securities may be redeemed in part in multiples equal to
the minimum authorized denomination for Securities of such
series or any multiple thereof. The Trustee shall promptly
notify the Company in writing of the Securities of such series
selected for redemption and, in the case of any Securities of
such series selected for partial redemption, the principal
amount thereof to be redeemed. For all purposes of this
Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities of any series shall
relate, in the case of any Security redeemed or to be redeemed
only in part, to the portion of the principal amount of such
Security which has been or is to be redeemed.

     
SECTION 3.03.     Payment
of Securities Called for Redemption. If notice of redemption
has been given as above provided, the Securities or portions of
Securities specified in such notice shall become due and payable
on the date and at the place stated in such notice at the
applicable redemption price, together with interest accrued to
the date fixed for redemption, and on and after said date
(unless the Company shall default in the payment of such
Securities at the redemption price, together with interest
accrued to said date) interest on the Securities or portions of
Securities so called for redemption shall cease to accrue, and,
except as provided in Section 4.03, such Securities shall
cease from and after the date fixed

13

 

for redemption to be entitled to any benefit or
security under this Indenture, and the Holders thereof shall
have no right in respect of such Securities except the right to
receive the redemption price thereof and unpaid interest to the
date fixed for redemption. On presentation and surrender of such
Securities at a place of payment specified in said notice, said
Securities or the specified portions thereof shall be paid and
redeemed by the Company at the applicable redemption price,
together with interest accrued thereon to the date fixed for
redemption; provided that payment of interest becoming
due on or prior to the date fixed for redemption shall be
payable to the Holders of such Securities registered as such on
the relevant record date subject to the terms and provisions of
Section 2.03 and 2.07 hereof.

     
If any Security called for redemption shall not
be so paid upon surrender thereof for redemption, the principal
shall, until paid or duly provided for, bear interest from the
date fixed for redemption at the rate of interest thereafter
borne from time to time by such Security.

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

     
SECTION 3.04.     Exclusion
of Certain Securities from Eligibility for Selection for
Redemption. Securities shall be excluded from eligibility
for selection for redemption if they are identified by
registration and certificate number in an Officers’
Certificate delivered to the Trustee at least forty days prior
to the last date on which notice of redemption may be given as
being owned of record and beneficially by, and not pledged or
hypothecated by, either (a) the Company or (b) an
entity specifically identified in such written statement as
directly or indirectly controlling or controlled by or under
direct or indirect common control with the Company.

     
SECTION 3.05.     Mandatory
and Optional Sinking Funds. The minimum amount of any
sinking fund payment provided for by the terms of the Securities
of any series is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of
such minimum amount provided for by the terms of the Securities
of any series is herein referred to as an “optional
sinking fund payment.” The date on which a sinking fund
payment is to be made is herein referred to as the
“sinking fund payment date.”

     
In lieu of making all or any part of any
mandatory sinking fund payment with respect to any series of
Securities in cash, the Company may at its option
(a) deliver to the Trustee Securities of such series
theretofore purchased or otherwise acquired (except upon
redemption pursuant to the mandatory sinking fund) by the
Company or receive credit for Securities of such series (not
previously so credited) theretofore purchased or otherwise
acquired (except as aforesaid) by the Company and delivered to
the Trustee for cancellation pursuant to Section 2.10,
(b) receive credit for optional sinking fund payments (not
previously so credited) made pursuant to this Section, or
(c) receive credit for Securities of such series (not
previously so credited) redeemed by the Company through any
optional redemption provision contained in the terms of such
series or this Indenture. Securities so delivered or credited
shall be received or credited by the Trustee at the sinking fund
redemption price specified in such Securities.

     
On or before the sixtieth day next preceding each
sinking fund payment date for any series, the Company will
deliver to the Trustee an Officers’ Certificate (which need
not contain the statements required by Section 13.06)
(a) specifying the portion of the mandatory sinking fund
payment to be satisfied by payment of cash and the portion to be
satisfied by credit of Securities of such series and the basis
for such credit, (b) stating that none of the Securities of
such series has theretofore been so credited, (c) stating
that no defaults in the payment of interest or Events of Default
with respect to such series have occurred (which have not been
waived or cured) and are continuing and (d) stating whether
or not the Company intends to exercise its right to make an
optional sinking fund payment with respect to such series and,
if so, specifying the amount of such optional sinking fund
payment which the Company intends to pay on or before the next
succeeding sinking fund payment date. Any Securities of such
series to be credited and required to be delivered to the
Trustee in order for the Company to be entitled to credit
therefor as aforesaid which have not theretofore been delivered
to the Trustee shall be delivered for cancellation pursuant to
Section 2.10 to the Trustee with such Officers’
Certificate (or reasonably promptly thereafter if acceptable to
the Trustee). Such Officers’ Certificate shall be
irrevocable and upon its receipt

14

 

by the Trustee the Company shall become
unconditionally obligated to make all the cash payments or
payments therein referred to, if any, on or before the next
succeeding sinking fund payment date. Failure of the Company, on
or before any such sixtieth day, to deliver such Officers’
Certificate and Securities specified in this paragraph, if any,
shall not constitute a default but shall constitute, on and as
of such date, the irrevocable election of the Company (a) that
the mandatory sinking fund payment for such series due on the
next succeeding sinking fund payment date shall be paid entirely
in cash without the option to deliver or credit Securities of
such series in respect thereof and (b) that the Company
will make no optional sinking fund payment with respect to such
series as provided in this Section.

     
If the sinking fund payment or payments
(mandatory or optional or both) to be made in cash on the next
succeeding sinking fund payment date plus any unused balance of
any preceding sinking fund payments made in cash shall exceed
$50,000 with respect to the Securities of any particular series,
such cash shall be applied on the next succeeding sinking fund
payment date to the redemption of Securities of such series at
the sinking fund redemption price together with accrued interest
to the date fixed for redemption. If such amount shall be
$50,000 or less and the Company makes no such request, then it
shall be carried over until a sum in excess of $50,000 is
available. The Trustee shall select, in the manner provided in
Section 3.02, for redemption on such sinking fund payment
date a sufficient principal amount of Securities of such series
to absorb said cash, as nearly as may be, and shall (if
requested in writing by the Company) inform the Company of the
serial numbers of the Securities of such series (or portions
thereof) so selected.

     
Securities shall be excluded from eligibility for
redemption under this Section if they are identified by
registration and certificate number in an Officers’
Certificate delivered to the Trustee at least sixty days prior
to the sinking fund payment date as being owned of record and
beneficially by, and not pledged or hypothecated by, either
(a) the Company or (b) an entity specifically
identified in such Officers’ Certificate as directly or
indirectly controlling or controlled by or under direct or
indirect common control with the Company.

     
The Trustee, in the name and at the expense of
the Company (or the Company, if it shall so request the Trustee
in writing), shall cause notice of redemption of the Securities
of such series to be given in substantially the manner provided
in Section 3.02 (and with the effect provided in
Section 3.03) for the redemption of Securities of such
series in part at the option of the Company. The amount of any
sinking fund payments not so applied or allocated to the
redemption of Securities of such series shall be added to the
next cash sinking fund payment for such series and, together
with such payment, shall be applied in accordance with the
provisions of this Section. Any and all sinking fund moneys held
on the stated maturity date of the Securities of any particular
series (or earlier, if such maturity is accelerated) which are
not held for the payment or redemption of particular Securities
of such series shall be applied, together with other moneys, if
necessary, sufficient for the purpose, to the payment of the
principal of and interest on, the Securities of such series at
maturity.

     
On or before each sinking fund payment date, the
Company shall pay to the Trustee in cash or shall otherwise
provide for the payment of all principal and interest accrued to
the date fixed for redemption on Securities to be redeemed on
such sinking fund payment date.

     
The Trustee shall not redeem or cause to be
redeemed any Securities of a series with sinking fund moneys or
mail any notice of redemption of Securities for such series by
operation of the sinking fund during the continuance of a
default in payment of interest on such Securities or of any
Event of Default except that, where the mailing of notice of
redemption of any Securities shall theretofore have been made,
the Trustee shall redeem or cause to be redeemed such
Securities, provided that it shall have received from the
Company a sum sufficient for such redemption. Except as
aforesaid, any moneys in the sinking fund for such series at the
time when any such default or Event of Default shall occur, and
any moneys thereafter paid into the sinking fund, shall, during
the continuance of such default or Event of Default, be deemed
to have been collected under Article Seven and held for the
payment of all such Securities. In case such Event of Default
shall have been waived as provided in Section 7.01 or 7.06
or the default cured on or before the sixtieth day preceding the
sinking fund payment date in any year, such moneys shall

15

 

thereafter be applied on the next succeeding
sinking fund payment date in accordance with this Section to the
redemption of such Securities.

ARTICLE FOUR

SATISFACTION AND DISCHARGE OF INDENTURE;

DEPOSITED MONEYS AND GOVERNMENT OBLIGATIONS

     
SECTION 4.01.     Covenant
Defeasance of Securities. (a) Subject to Section
4.01(b), the Company may at any time terminate (1) its
obligations with respect to any series of Securities under
Sections 5.05, 5.06, 5.10 and 5.11, the operation of
Section 7.01(c) (but only as to failures to comply with
Sections 5.05, 5.06, 5.10 and 5.11) and the limitation contained
in clause (c) of Section 12.01 and (2) its
obligations under any provision applicable to such series set
forth in the Board Resolution or Officers’ Certificate
establishing the terms of such series (provided that in the case
of any provision set forth in a Board Resolution or
Officers’ Certificate, such Board Resolution or
Officers’ Certificate specifies that such provision is
subject to this Section 4.01).

     
(b) The Company may exercise its covenant
defeasance option under this Section 4.01 with respect to a
series of Securities only if:

		
	 	     
    (i) the Company irrevocably deposits in
    trust with the Trustee, pursuant to an irrevocable trust
    agreement in form and substance reasonably satisfactory to the
    Trustee, money or direct non-callable obligations of, or
    non-callable obligations guaranteed by, the United States of
    America for the payment of which obligation or guarantee the
    full faith and credit of the United States of America is pledged
    (“Government Obligations”), or a combination of
    money and Government Obligations, maturing as to principal and
    interest in such amounts and at such times as are sufficient,
    without consideration of the reinvestment of such interest and
    after payment of all federal, state and local taxes or other
    charges or assessments in respect thereof payable by the
    Trustee, in the opinion of a nationally recognized firm of
    independent public accountants expressed in a written
    certification thereof delivered in form and substance reasonably
    satisfactory to the Trustee, to pay the principal of and the
    interest on the Outstanding Securities of such series on the
    dates on which any such payments are due and payable in
    accordance with the terms of this Indenture and such Securities
    (or, in the event such Securities are to be called for
    redemption within one year under arrangements satisfactory to
    the Trustee for the giving of notice of redemption by the
    Trustee in the name and at the expense of the Company, to pay
    such principal and interest until the date fixed for redemption,
    in which case the funds deposited in trust shall also be
    sufficient to pay any premium due upon redemption);
    
	 
	 	     
    (ii) such deposits shall not cause the
    Trustee to have a conflicting interest as defined in and for
    purposes of the Trust Indenture Act of 1939;
    
	 
	 	     
    (iii) no Event of Default with respect to
    such series shall have occurred and be continuing on the date of
    such deposit or shall occur on or before the 91st day after the
    date of such deposit;
    
	 
	 	     
    (iv) such deposit will not result in a
    breach or violation of, or constitute a default under, this
    Indenture or any other instrument to which the Company is a
    party or by which it or its property is bound;
    
	 
	 	     
    (v) the Company shall deliver to the Trustee
    an Opinion of Counsel stating (i) that the Holders of the
    Outstanding Securities of such series will not recognize income,
    gain or loss for federal income tax purposes as a result of such
    deposit and discharge and will be subject to federal income tax
    on the same amounts, in the same manner and at the same times as
    would have been the case if such deposit and discharge had not
    occurred, and (ii) that after the passage of 90 days
    (or such other period of time as then required by the
    non-insider preference provisions of any applicable federal
    bankruptcy laws) following the deposit, and provided that
    neither the Trustee nor the Holders are “insiders” as
    defined in Title 11 of the United States Code, the trust funds
    will not be subject to recovery under Section 547(b) of
    Title 11 of the
    

16

 

		
	 	
    United States Code, and (iii) that there
    would not occur any violation of the Investment Company Act of
    1940, as amended, on the part of the Company or the Trustee as a
    result of such deposit and the related exercise of the
    Company’s rights under this Section 4.01;
    
	 
	 	     
    (vi) the Holders of the Securities of such
    series shall have a first priority perfected security interest
    under applicable state law in the money or Government
    Obligations deposited pursuant to Section 4.01(b)(i); and
    
	 
	 	     
    (vii) the Company has delivered to the
    Trustee an Officers’ Certificate and an Opinion of Counsel,
    each stating that all conditions precedent specified herein
    relating to the defeasance of the Securities of such series
    contemplated by this Section 4.01 (other than the priority
    of the security interest referred to in Section 4.01(b)(vi)
    above) have been complied with.
    

     
In the event all or any portion of the Securities
of a series are to be redeemed through such irrevocable trust,
the Company must make arrangements satisfactory to the Trustee,
at the time of such deposit, for the giving of the notice of
such redemption or redemptions by the Trustee in the name and at
the expense of the Company.

     
SECTION 4.02.     Satisfaction
and Discharge of Indenture. This Indenture shall cease to be
of further effect with respect to the Securities of any series
Outstanding hereunder, and the Trustee, on demand of and at the
expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture, when:

		
	 	     
    (a) all Securities of such series
    theretofore authenticated and delivered (other than
    (i) Securities which have been destroyed, lost or stolen
    and which have been replaced or paid as provided in
    Section 2.09 and (ii) Securities for whose payment
    money has theretofore been deposited in trust or segregated and
    held in trust by the Company and thereafter repaid to the
    Company or discharged from such trust, as provided in
    Section 4.04) have been delivered to the Trustee for
    cancellation;
    
	 
	 	     
    (b) the Company has paid or caused to be
    paid all other sums payable hereunder by the Company with
    respect to such Securities of such series; and
    
	 
	 	     
    (c) the Company has delivered to the Trustee
    an Officers’ Certificate and an Opinion of Counsel, each
    stating that the conditions precedent herein provided for
    relating to the satisfaction and discharge of this Indenture
    with respect to such series have been complied with.
    

     
Notwithstanding the satisfaction and discharge of
this Indenture with respect to such series, the obligations of
the Company to the Trustee under Section 8.06 with respect
to such series shall survive such satisfaction and discharge.

     
SECTION 4.03.     Application
of Trust Moneys. Subject to the provisions of
Section 4.04, all money or Government Obligations deposited
with the Trustee pursuant to Section 4.01 shall be held in
trust and applied by it, in accordance with the provisions of
the Securities of the applicable series, this Indenture and, in
the case of Section 4.01, such irrevocable trust agreement,
to the payment, either directly or through any paying agent
(including the Company acting as its own paying agent) as the
Trustee may determine, to the persons entitled thereto, of the
principal, premium, if any, and interest for whose payment such
money has been deposited with the Trustee. The money or
Government Obligations so held in trust under Section 4.01
shall not be part of the trust estate under this Indenture but
shall constitute a separate trust fund for the benefit of all
Holders of Securities of the particular series entitled thereto.

     
SECTION 4.04.     Repayment
to Company. Upon termination of the trust established
pursuant to Section 4.01, the Trustee and the paying agent
shall promptly pay to the Company upon request any excess money
held by them. The Trustee and the paying agent shall pay to the
Company upon request and, if applicable, in accordance with the
irrevocable trust established pursuant to Section 4.01 any
money or Government Obligations held by them for the payment of
principal of, premium, if any, or interest on any particular
series of Securities that remains unclaimed for two years;
provided, however, that the Trustee or such paying agent,
before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a
newspaper of general circulation in the Borough of

17

 

Manhattan, the City and State of New York, or
mail to the Holder of any such Security, or both, notice that
such money remains unclaimed and that, after a date specified
therein, which date shall not be less than thirty days from the
date of such publication or mailing, any unclaimed balance of
such money then remaining will be repaid to the Company. After
payment to the Company, Security Holders entitled to such
payment of principal, premium, if any, and interest must look to
the Company for payment as general creditors unless an
applicable abandoned property law designates another person.

     
SECTION 4.05.     Reinstatement.
If the Trustee or any paying agent is unable to apply any money
or Government Obligations in accordance with Section 4.03 by
reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, or by
reason of Government Obligations not paying principal and
interest in such amounts and at such times as are sufficient to
pay the principal of, premium, if any, and interest on the
Securities of the particular series in accordance with the terms
of this Indenture, the Company’s obligations under this
Indenture with respect to such Securities shall be revived and
reinstated as though no deposit had occurred pursuant to Section
4.01 until such time as the Trustee or any paying agent is
permitted to apply all such money or Government Obligations in
accordance with Section 4.03; provided, however,
that if the Company has made any payment of interest (and
premium, if any) on, or principal of, such series of Securities
because of the reinstatement of its obligations hereunder, the
Company shall be subrogated to the rights of the Holders of such
series of Securities to receive such payment from the money or
Government Obligations held by the Trustee or such paying agent
for such purpose.

ARTICLE FIVE

PARTICULAR COVENANTS OF THE COMPANY

     
The Company covenants and agrees as follows:

     
SECTION 5.01.     Payment
of Principal of and Interest on Securities. For the benefit
of each series of Securities, the Company will duly and
punctually pay, or cause to be paid, the principal of, premium,
if any, and interest on each and every Security of such series
(together with any additional amounts payable pursuant to the
terms of such Securities) at the respective times and places and
in the manner mentioned in such Securities and in this
Indenture. The interest upon Global Securities shall be paid by
wire transfer of immediately available funds to the Depositary
for such Global Securities. The interest on Securities in
definitive registered form, other than interest payable at
maturity (or on the date of redemption if the Security is
redeemed by the Company prior to maturity), will be paid by
check mailed to the address of the person entitled thereto as
shown on the Security Register. Payments of principal and
interest at maturity or upon redemption will be made in
immediately available funds against presentation and surrender
of the Security. Notwithstanding the foregoing, a Holder of
$10,000,000 or more in aggregate principal amount of Securities
in definitive registered form shall be entitled to receive
payments of interest by wire transfer of immediately available
funds upon written request to the Trustee or the paying agent as
provided in the form of Security. When and as paid, all
Securities shall be cancelled by the Trustee in the manner
provided in Section 2.10.

     
SECTION 5.02.     Maintenance
of Offices and Agencies for Securities. In the event
Securities are issued in definitive registered form, at all
times until the payment of the principal of such Securities, the
Company will maintain an office or agency in the Borough of
Manhattan, the City and State of New York, where such Securities
may be presented for transfer and exchange as in this Indenture
provided, where such Securities may be presented for payment,
and where notices or demands in respect of such Securities or of
this Indenture may be served. In case the Company shall at any
time not maintain such office or agency, or shall fail to give
notice to the Trustee of any change in the location thereof,
presentation and demand may be made and notice may be served, in
respect of the Securities or of this Indenture, at the Corporate
Trust Office of the Trustee.

     
In addition to such office or agency, the Company
may from time to time designate one or more other offices or
agencies where the Securities may be presented for any or all of
the purposes specified above in this Section and may constitute
and appoint one or more paying agents for the payment of such

18

 

Securities in one or more other cities, and may
from time to time rescind such designations and appointments, as
the Company may deem desirable or expedient; provided,
however, that no such designation, appointment or rescission
shall in any manner relieve the Company of its obligation to
maintain such office and agency in the said Borough of
Manhattan, when and for the purposes above mentioned.

     
The Company shall enter into an appropriate
agency agreement with any Security Registrar, paying agent,
calculation agent, transfer agent or any other agent not a party
to this Indenture, which shall incorporate the terms of the
Trust Indenture Act of 1939. The agreement shall implement the
provisions of this Indenture that relate to such agent. The
Company shall notify the Trustee of the name and address of any
such agent.

     
Subject to the provisions of Section 8.01,
the Trustee shall not be liable or responsible for the
application of any funds transmitted to or held by any paying
agent (other than itself) for the purpose of paying Securities;
and in the event that funds so transmitted to or held by any
such paying agent for such purpose shall not be applied to such
purpose, the Company covenants and agrees to furnish the Trustee
or a paying agent with funds to be applied to the payment of
Securities equal to such funds not so applied by such other
paying agent.

     
SECTION 5.03.     Company
Not to Extend Time of Payment of Claims for Interest. The
Company will not, directly or indirectly, extend or assent to
the extension of the time for the payment of any claim for
interest on any of the Securities, and will not, directly or
indirectly, be a party to or approve of any such arrangement in
any manner; provided, however, that this Section 5.03 shall not
apply in any case where an extension shall be pursuant to a plan
proposed by the Company to the Holders of all the Securities of
a series then Outstanding.

     
SECTION 5.04.     Due
Authorization of Securities. The Company covenants and
warrants that it is duly authorized under the laws of the State
of Delaware, and under all other applicable provisions of law,
to create and issue the Securities evidencing its indebtedness
and to execute this Indenture, that all corporate action on its
part for the creation and issue of the Securities and the
execution of this Indenture has been duly and effectively taken,
and that the Securities, when issued, will be valid and binding
obligations of the Company and entitled to the benefits of this
Indenture.

     
SECTION 5.05.     Company
and Restricted Subsidiaries to Maintain Insurance. So long
as any of the Securities shall be outstanding, the Company will
insure and keep insured, and will cause each Restricted
Subsidiary to insure and keep insured, with reputable insurance
companies, so much of their respective properties, to such an
extent and against such risks (including fire), as companies
engaged in similar businesses customarily insure properties of a
similar character; or, in lieu thereof, in the case of itself or
of any one or more of its Restricted Subsidiaries, the Company
will maintain or cause to be maintained a system or systems of
self-insurance which will accord with the approved practices of
companies owning or operating properties of a similar character
and maintaining such systems, and, in such cases of
self-insurance, will cause to be maintained an insurance reserve
or reserves in adequate amounts.

     
SECTION 5.06.     Payment
of Taxes and Governmental Charges; Maintenance of Property.
So long as any of the Securities shall be outstanding, the
Company will, and will cause each Restricted Subsidiary to,

		
	 	     
    (a) promptly pay and discharge or cause to
    be paid and discharged all taxes, assessments and governmental
    charges or levies lawfully imposed upon it or upon its income or
    profits or upon any of its property, real or personal, or upon
    any part thereof, as well as all claims for labor, materials and
    supplies which, if unpaid, might by law become a lien or charge
    upon its property; provided, however, that neither
    the Company nor any Restricted Subsidiary shall be required to
    pay any such tax, assessment, charge, levy or claim if the
    validity thereof shall currently be contested in good faith by
    appropriate proceedings and if the Company or such Restricted
    Subsidiary, as the case may be, shall have set aside on its
    books reserves deemed by it to be adequate with respect thereto;
    and provided further that the Company shall not be
    obligated hereunder to pay or cause to be paid any such taxes,
    assessments or charges, if, in the opinion of the Board of
    Directors, payment of the same shall be no longer advantageous
    to the Company or such Restricted Subsidiary in the conduct of
    its business; and
    

19

 

		
	 	     
    (b) maintain and keep its properties and
    every part thereof in good repair, working order and condition,
    and make or cause to be made all such needful and proper
    repairs, renewals and replacements thereto, as in the judgment
    of the Company are necessary in the interests of the Company;
    provided, however, that nothing in this subdivision
    (b) shall prevent the Company or any Restricted Subsidiary,
    from time to time, from selling, abandoning or otherwise
    disposing of any of their respective properties or discontinuing
    a part of their respective business if such sale, abandonment,
    disposition or discontinuance is, in the judgment of the
    Company, advisable.
    

     
SECTION 5.07.     Company
to Appoint Successor Trustee and Agents. The Company,
whenever necessary to avoid or fill a vacancy in the office of
Trustee, will appoint, in the manner provided in
Section 8.10, a Trustee, so that there shall at all times
be a Trustee with respect to each series of Securities hereunder
and, whenever necessary to avoid or fill a vacancy in the
position of any paying, calculation, transfer or other agent
with respect to any series of Securities, will appoint a
successor agent.

     
SECTION 5.08.     Appointment
of Paying Agent Other Than Trustee. (a) If the Company
shall appoint a paying agent other than the Trustee with respect
to any series of Securities, it will cause such paying agent to
execute and deliver to the Trustee an instrument that
incorporates the terms of the Trust Indenture of 1939, and in
which such agent shall agree with the Trustee, subject to the
provisions of this Section 5.08,

		
	 	     
    (i) that it will hold all sums held by it as
    such agent for the payment of the principal of, premium, if any,
    or interest on such Securities (whether such sums have been paid
    to it by the Company or by any other obligor on such Securities)
    in trust for the benefit of the Holders of such Securities or of
    the Trustee, as the case may be;
    
	 
	 	     
    (ii) that it will give the Trustee notice of
    any failure by the Company (or by any other obligor on such
    Securities) to make any payment of the principal of, premium, if
    any, or interest on such Securities when the same shall be due
    and payable; and
    
	 
	 	     
    (iii) that at any time during the
    continuance of such failure, upon the written request of the
    Trustee, it will forthwith pay to the Trustee all sums so held
    in trust by such paying agent.
    

		
	 	     
    (b) If the Company shall act as its own
    paying agent, it will, on or before each due date of the
    principal of, premium, if any, or interest on the Securities of
    any series, set aside, segregate and hold in trust for the
    benefit of the Holders entitled thereto, a sum sufficient to pay
    such principal, premium, if any, or interest so becoming due
    until such sums shall be paid to such Holders or otherwise
    disposed of as herein provided and will promptly notify the
    Trustee of any failure (by it or any other obligor on such
    Securities) to take such action.
    
	 
	 	     
    (c) Whenever the Company shall have one or
    more paying agents, it will, prior to each due date of the
    principal of, premium, if any, or interest on any series of
    Securities, deposit with a paying agent a sum sufficient to pay
    the principal, premium, if any, or interest so becoming due,
    such sum to be held in trust for the benefit of the persons
    entitled to such principal, premium or interest, and (unless
    such paying agent is the Trustee) the Company will promptly
    notify the Trustee of its action or failure so to act.
    
	 
	 	     
    (d) Anything in this Section 5.08 to
    the contrary notwithstanding, the Company may at any time, for
    the purpose of obtaining the satisfaction and discharge of this
    Indenture, or for any other purpose, pay or cause to be paid to
    the Trustee all sums held in trust by it or any paying agent as
    required by this Section 5.08, such sums to be held by the
    Trustee upon the trusts herein contained, and upon such payment
    by any paying agent to the Trustee, such paying agent shall be
    released from all further liability with respect to such sums.
    
	 
	 	     
    (e) Any money deposited with the Trustee or
    any paying agent, or then held by the Company, in trust for the
    payment of the principal of, premium, if any, or interest on any
    Security and remaining unclaimed for two years after such
    principal, premium, if any, or interest has become due and
    payable shall be paid to the Company, or if then held by the
    Company, shall be discharged from such trust; provided,
    however, that the Trustee or such paying agent, before being
    required to make any such repayment, may at the expense of the
    Company cause to be published once, in a newspaper
    

20

 

		
	 	
    of general circulation in the Borough of
    Manhattan, the City and State of New York, or mail to the
    registered Holder of any such Security, or both, notice that
    such money remains unclaimed and that, after a date specified
    therein, which date shall not be less than 30 days from the
    date of such publication or mailing, any unclaimed balance of
    such money then remaining will be repaid to the Company. After
    payment to the Company, Security Holders entitled to such
    payment must look to the Company for payment as general
    creditors unless an applicable abandoned property law designates
    another person, and thereupon 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 cease.
    
	 
	 	     
    (f) Anything in this Section 5.08 to
    the contrary notwithstanding, the agreement to hold sums in
    trust as provided in this Section 5.08 is subject to the
    provisions of Article Four.
    

     
SECTION 5.09.     Covenant
to Maintain Corporate Existence. So long as any of the
Securities shall be outstanding, the Company will do or cause to
be done all things necessary to preserve and keep in full force
and effect its corporate existence, rights and franchises;
provided that nothing in this Section 5.09 shall
prevent (a) any consolidation or merger of the Company, or
any sale or transfer of all or substantially all of its property
and assets, permitted by Article Twelve, or (b) the
liquidation or dissolution of the Company after a sale or
transfer of all or substantially all of its property and assets
permitted by Article Twelve; and provided further
that the Company shall not be required to preserve any right or
franchise if the Board of Directors of the Company shall
determine that the preservation thereof is no longer desirable
in the conduct of business of the Company and that the loss
thereof is not disadvantageous to the Security Holders in any
material respect.

     
SECTION 5.10.     Limitation
on Sales and Leasebacks. So long as any of the Securities
shall be outstanding, the Company will not, and will not permit
any Restricted Subsidiary to, sell or transfer (other than to
the Company or a Wholly-owned Restricted Subsidiary) any
Principal Property, whether owned at the date of this Indenture
or hereafter acquired, which has been in full operation for more
than 120 days prior to such sale or transfer, with the
intention of entering into a lease of such Principal Property
(except for a lease for a term, including any renewal thereof,
of not more than three years), if after giving effect thereto
the Attributable Debt in respect of all such sale and leaseback
transactions involving Principal Properties shall be in excess
of five percent (5%) of Consolidated Net Worth.

     
Notwithstanding the foregoing, the Company or any
Restricted Subsidiary may sell any Principal Property and lease
it back if the net proceeds of such sale are at least equal to
the fair value of such property as determined by the Board of
Directors of the Company and within 120 days of such sale
(a) the Company redeems (if permitted by the terms of
outstanding Securities), at the principal amount thereof (or, in
the case of an Original Issue Discount Security, such portion of
the principal as may be specified in the terms thereof) together
with accrued interest to the date fixed for redemption, such
outstanding Securities in an aggregate principal amount equal to
such net proceeds, or (b) the Company or a Restricted
Subsidiary repays other Funded Debt in an aggregate principal
amount equal to such net proceeds, or (c) the Company
delivers to the Trustee, for cancellation, outstanding
Securities uncancelled and in transferable form, in an aggregate
principal amount equal to such net proceeds, or (d) the
Company applies such net proceeds to the purchase of properties,
facilities or equipment to be used for general operating
purposes.

     
SECTION 5.11.     Negative
Pledge. Except as in this Section 5.11 expressly
permitted, so long as any of the Securities shall be
outstanding, the Company will not at any time directly or
indirectly create, incur, assume or suffer to exist, and will
not suffer or permit any Restricted Subsidiary to create, incur,
assume or suffer to exist, except in favor of the Company or
another Restricted Subsidiary, any mortgage, pledge or other
lien or encumbrance of or upon any Principal Property or any
shares of capital stock or indebtedness of any Restricted
Subsidiary, whether owned at the date of this Indenture or
hereafter acquired, or of or upon any income or profits
therefrom, if after giving effect thereto (but not to any
mortgages, pledges, liens or encumbrances described in clauses
(a) through (j) below) the aggregate principal amount
of indebtedness secured by mortgages, pledges, liens or other
encumbrances upon the property of the Company and its Restricted
Subsidiaries shall be in excess of five percent (5%) of
Consolidated Net Worth, without making effective provision (and
the Company covenants that in any

21

 

such case it will make or cause to be made
effective provision) whereby all Securities then outstanding
will be secured by such mortgage, pledge, lien or encumbrance
equally and ratably with (or prior to) any and all obligations,
indebtedness or claims secured by such mortgage, pledge, lien or
encumbrance, so long as any such other obligations, indebtedness
or claims shall be so secured.

     
Nothing in this Section 5.11 shall be
construed to prevent the Company or any Restricted Subsidiary,
without so securing the Securities, from creating, assuming or
suffering to exist the following mortgages, pledges, liens or
encumbrances:

		
	 	     
    (a) The following mortgages and liens in
    connection with the acquisition of property hereafter acquired:
    

		
	 	     
    (i) (A) any purchase money mortgage or
    other purchase money lien on any Principal Property hereafter
    acquired, including conditional sales and other title retention
    agreements; or (B) any mortgage or other lien on property
    hereafter acquired, constructed or improved created as security
    for moneys borrowed (at the time of or within 120 days
    after the purchase, construction or improvement of such
    property) to provide funds for the purchase, construction or
    improvement of such property, or (C) any mortgage or other
    lien on any property hereafter acquired which exists at the time
    of the acquisition thereof and which was not created in
    connection with or in contemplation of such acquisition;
    provided in each case that (x) such mortgage or
    other lien is limited to such acquired property (and accretions
    thereto) or, in the case of construction or improvements, any
    theretofore unimproved real property, and (y) the aggregate
    amount of the obligations, indebtedness or claims secured by
    such mortgage or other lien does not exceed the cost to the
    Company or such Restricted Subsidiary of such acquired property
    or the value thereof at the time of acquisition, as determined
    by the Board of Directors, whichever be the lower;
    
	 
	 	     
    (ii) any mortgage or other lien created in
    connection with the refunding, renewal or extension of any
    obligations, indebtedness or claims secured by a mortgage or
    lien mentioned in the foregoing clause (i) which is limited
    to the same property; provided that the aggregate amount
    of the obligations, indebtedness or claims secured by such
    refunding, renewal or extended mortgage or other lien does not
    exceed the aggregate amount thereof secured by the mortgage or
    other lien so refunded, renewed or extended and outstanding at
    the time of such refunding, renewal or extension; or
    
	 
	 	     
    (iii) any mortgage or other lien to which
    property hereafter acquired shall be subject at the time of
    acquisition, if the payment of the indebtedness secured thereby
    or interest thereon will not become, by assumption or otherwise,
    a personal obligation of the Company or a
    Restricted Subsidiary;
    

		
	 	     
    (b) mechanics’, materialmen’s,
    carriers’ or other like liens, and pledges or deposits made
    in the ordinary course of business to obtain the release of any
    such liens or the release of property in the possession of a
    common carrier; good faith deposits in connection with tenders,
    leases of real estate or bids or contracts (other than contracts
    for the borrowing of money); pledges or deposits to secure
    public or statutory obligations; deposits to secure (or in lieu
    of) surety, stay, appeal or customs bonds; and deposits to
    secure the payment of taxes, assessments, customs duties or
    other similar charges;
    
	 
	 	     
    (c) any lien arising by reason of deposits
    with, or the giving of any form of security to, any governmental
    agency or any body created or approved by law or governmental
    regulation, which is required by law or governmental regulation
    as a condition to the transaction of any business, or the
    exercise of any privilege or license, or to enable the Company
    or a Restricted Subsidiary to maintain self-insurance or to
    participate in any arrangements established by law to cover any
    insurance risks or in connection with workers’
    compensation, unemployment insurance, old age pensions, social
    security or similar matters;
    
	 
	 	     
    (d) the liens of taxes or assessments not at
    the time due, or the liens of taxes or assessments already due
    but the validity of which is being contested in good faith and
    against which adequate reserves have been established;
    

22

 

		
	 	     
    (e) judgment liens, so long as the finality
    of such judgment is being contested in good faith and execution
    thereon is stayed;
    
	 
	 	     
    (f) easements or similar encumbrances, the
    existence of which does not impair the use of the property
    subject thereto for the purposes for which it is held or was
    acquired;
    
	 
	 	     
    (g) leases and landlords’ liens on
    fixtures and movable property located on premises leased in the
    ordinary course of business, so long as the rent secured thereby
    is not in default;
    
	 
	 	     
    (h) liens, pledges or deposits made in
    connection with contracts with or made at the request of any
    government or any department or agency thereof or made with any
    prime contractor or subcontractor of any tier in connection with
    the furnishing of services or property to any government or any
    department or agency thereof (hereinafter referred to as
    “Government Contracts”) insofar as such liens,
    pledges or deposits relate to property manufactured, installed,
    constructed, acquired or to be supplied by, or property
    furnished to, the Company or a Restricted Subsidiary pursuant
    to, or to enable the performance of, such Government Contracts,
    or property the manufacture, installation, construction or
    acquisition of which any government or any department or agency
    thereof finances or guarantees the financing of, pursuant to, or
    to enable the performance of, such Government Contracts; or
    deposits or liens, made pursuant to such Government Contracts,
    of or upon moneys advanced or paid pursuant to, or in accordance
    with the provisions of, such Government Contracts, or of or upon
    any materials or supplies acquired for the purpose of the
    performance of such Government Contracts; or the assignment or
    pledge to any person, firm or corporation, to the extent
    permitted by law, of the right, title and interest of the
    Company or a Restricted Subsidiary in and to any Government
    Contract, or in and to any payments due or to become due
    thereunder, to secure indebtedness incurred and owing to such
    person, firm or corporation for funds or other property
    supplied, constructed or installed for or in connection with the
    performance by the Company or such Restricted Subsidiary of its
    obligations under such Government Contract;
    
	 
	 	     
    (i) any mortgage or other lien securing
    indebtedness of a corporation which is a successor to the
    Company to the extent permitted by Article Twelve hereof,
    or securing indebtedness of a Restricted Subsidiary outstanding
    at the time it became a Subsidiary (provided that such mortgage
    or other lien was not created in connection with or in
    contemplation of the acquisition of such Restricted Subsidiary),
    and any mortgage or other lien created in connection with the
    refunding, renewal or extension of such indebtedness which is
    limited to the same property, provided that the amount of
    the indebtedness secured by such refunding, renewal or extended
    mortgage or other lien does not exceed the amount of
    indebtedness secured by the mortgage or other lien to be
    refunded, renewed or extended and outstanding at the time of
    such refunding, renewal or extension; and
    
	 
	 	     
    (j) any mortgage or other lien in favor of
    the United States of America or any State thereof, or political
    subdivision of the United States of America or any State
    thereof, or any department, agency or instrumentality of the
    United States of America or any State thereof or any such
    political subdivision, to secure indebtedness incurred for the
    purpose of financing the acquisition, construction or
    improvement of all or any part of the property subject to such
    mortgage or other lien, and any mortgage or other lien created
    in connection with the refunding, renewal or extension of such
    indebtedness which is limited to the same property, provided
    that the amount of the indebtedness secured by such
    refunding, renewal or extended mortgage or other lien does not
    exceed the amount of indebtedness secured by the mortgage or
    other lien to be refunded, renewed or extended and outstanding
    at the time of such refunding, renewal or extension.
    

     
SECTION 5.12.     Covenant
of Further Assurances. The Company covenants and agrees that
it will hereafter, from time to time, whenever reasonably
requested by the Trustee, make, do, execute, acknowledge and
deliver, or cause to be made, done, executed, acknowledged and
delivered, any and all such further acts and other instruments
as may be reasonably necessary or proper for the purpose of
facilitating the execution of this trust or to secure the rights
and remedies conferred upon the Trustee and the Holders of the
Securities by this Indenture or by any indenture supplemental
hereto. The Company further covenants and agrees that it will
duly and punctually keep, observe, perform and fulfill each and
every term, covenant and condition on its part to be kept,
observed, performed and fulfilled, contained in

23

 

this Indenture and in any and every indenture
supplemental hereto which may be executed and delivered by the
Company to the Trustee as provided or permitted by this
Indenture.

     
SECTION 5.13.     Officers’
Certificate as to Performance of Covenants; Notice of Certain
Defaults. The Company will, on or before the first day of
October in each year commencing with the October 1, 2004,
file with the Trustee an Officers’ Certificate, one of the
signatories of which is the Chairman of the Board, the
President, the Senior Vice President and Chief Financial
Officer, the Treasurer or the Controller of the Company, stating
that a review of the activities of the Company and its
Subsidiaries during the preceding fiscal year has been made
under the supervision of the officers signing such certificate
with a view to determining whether the Company has kept,
observed, performed and fulfilled all the covenants, agreements
and obligations on its part contained in this Indenture and that
to the best of the knowledge of such officers the Company is not
in default in the performance, observance or fulfillment of any
of the terms, provisions and conditions hereof, and that no
default exists or, if the Company shall be so in default or if
any default exists, specifying all such defaults, and the nature
thereof, of which such officers may have knowledge. The Company
will deliver to the Trustee within five days after the
occurrence thereof written notice of any event that, with the
giving of notice and the lapse of time, would become an Event of
Default under subsection (f) of Section 7.01.

ARTICLE SIX

SECURITY HOLDERS’ LIST AND REPORTS BY THE
COMPANY AND THE TRUSTEE

     
SECTION 6.01.     Company
to Furnish Trustee Information as to Names and Addresses of
Security Holders. The Company covenants and agrees that it
will furnish or cause to be furnished to the Trustee
semiannually and not more than ten days after each record date
(as defined pursuant to Section 2.07) for the payment of
interest on each series of Securities, and at such other times
as the Trustee may request in writing, within thirty days after
receipt by the Company of any such request, a list in such form
as the Trustee may reasonably require containing all information
in the possession or control of the Company, or any of its
paying agents other than the Trustee, as to the names and
addresses of the Holders of each series of the Securities
obtained since the date as of which the next previous list, if
any, was furnished; provided, however, that no such list
need be furnished if the Trustee shall be the Security Registrar
with respect to such series. Any such list may be dated as of a
date not more than ten days prior to the time such information
is furnished or caused to be furnished, and need not include
information received after such date.

     
SECTION 6.02.     Trustee
to Preserve List of Holders. (a) The Trustee shall
preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the Holders of each
series of Securities (i) contained in the most recent list
furnished to it as provided in Section 6.01, and
(ii) received by it in the capacity of paying agent for
such series (if so acting) hereunder.

     
The Trustee may (i) destroy any list
furnished to it as provided in Section 6.01 upon receipt of
a new list so furnished, and (ii) destroy any information
received by it as paying agent (if so acting) hereunder upon
delivering to itself as Trustee, not earlier than forty-five
days after an interest payment date of the Securities, a list
containing the names and addresses of the Holders of Securities
obtained from such information since the delivery of the next
previous list, if any.

     
(b) In case three or more Holders of
Securities (hereinafter referred to as
“applicants”) apply in writing to the Trustee,
and furnish to the Trustee reasonable proof that each applicant
has owned a Security for a period of at least six months
preceding the date of such application, and such application
states that the applicants desire to communicate with other
Holders of Securities of a particular series (in which case the
applicants must all hold Securities of such series) or with
Holders of all Securities with respect to their rights under
this Indenture or under such Securities, and is accompanied by a
copy of the form of proxy or other communication which such
applicants propose to transmit, then the Trustee shall within
five Business Days after the receipt of such application, at its
election, either

		
	 	     
    (i) afford to such applicants access to the
    information preserved at the time by the Trustee in accordance
    with the provisions of subsection (a) of this
    Section 6.02, or
    

24

 

		
	 	     
    (ii) inform such applicants as to the
    approximate number of Holders of Securities of such series or of
    all Securities, as the case may be, whose names and addresses
    appear in the information preserved at the time by the Trustee,
    in accordance with the provisions of subsection (a) of this
    Section 6.02, and as to the approximate cost of mailing to
    such Security Holders the form of proxy or other communication,
    if any, specified in such application.
    

     
If the Trustee shall elect not to afford such
applicants access to such information, the Trustee shall, upon
the written request of such applicants, mail to each Security
Holder of such series or all Holders of Securities, as the case
may be, whose name and address appears in the information
preserved at the time by the Trustee in accordance with the
provisions of subsection (a) of this Section 6.02, a
copy of the form of proxy or other communication which is
specified in such request, with reasonable promptness after a
tender to the Trustee of the material to be mailed and of
payment, or provision for the payment, of the reasonable
expenses of mailing, unless within five days after such tender,
the Trustee shall mail to such applicants, and file with the
Securities and Exchange Commission, together with a copy of the
material to be mailed, a written statement to the effect that,
in the opinion of the Trustee, such mailing would be contrary to
the best interest of the Holders of Securities of such series or
of all Securities, as the case may be, or would be in violation
of applicable law. Such written statement shall specify the
basis of such opinion. If said Commission, after opportunity for
a hearing upon the objections specified in the written statement
so filed, shall enter an order refusing to sustain any of such
objections, or if, after the entry of an order sustaining one or
more of such objections, said Commission shall find, after
notice and opportunity for hearing, that all the objections so
sustained have been met and shall enter an order so declaring,
the Trustee shall mail copies of such material to all such
Security Holders with reasonable promptness after the entry of
such order and the renewal of such tender; otherwise the Trustee
shall be relieved of any obligation or duty to such applicants
respecting their application.

     
(c) Each and every Holder of the Securities,
by receiving and holding the same, agrees with the Company and
the Trustee that neither the Company nor the Trustee nor any
paying agent shall be held accountable by reason of the
disclosure of any such information as to the names and addresses
of the Holders of Securities in accordance with the provisions
of subsection (b) of this Section 6.02, regardless of
the source from which such information was derived, and that the
Trustee shall not be held accountable by reason of mailing any
material pursuant to a request made under said subsection (b).

     
SECTION 6.03.     Company
to Furnish Reports to Trustee. (a) The Company
covenants and agrees to file with the Trustee (including, if
permitted by applicable law and regulations, by electronic
means) within fifteen days after the Company is required to file
the same with the Securities and Exchange 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
said Commission may from time to time by rules and regulations
prescribe) which the Company may be required to file with said
Commission pursuant to Section 13 or Section 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 to file with the Trustee and said Commission, in
accordance with rules and regulations prescribed from time to
time by said Commission, such of the supplementary and periodic
information, documents and reports which 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.

     
(b) The Company covenants and agrees to file
with the Trustee and the Securities and Exchange Commission, in
accordance with the rules and regulations prescribed from time
to time by said Commission, such additional information,
documents and reports with respect to compliance by the Company
with the conditions and covenants provided for in this Indenture
as may be required from time to time by such rules and
regulations.

     
(c) The Company covenants and agrees to
transmit to the Holders of Securities within thirty days after
the filing thereof with the Trustee, in the manner and to the
extent provided in subsection (c) of Section 6.04 with
respect to reports pursuant to subsection (a) of said
Section 6.04, such summaries of any information, documents
and reports required to be filed by the Company pursuant to
subsections

25

 

(a) and (b) of this Section 6.03
as may be required by rules and regulations prescribed from time
to time by the Securities and Exchange Commission.

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

     
SECTION 6.04.     Reports
by Trustee. (a) Within 60 days after May 15
of each year commencing with the May 15 occurring after the
initial issuance of Securities hereunder, so long as any
Securities are outstanding hereunder, the Trustee shall transmit
to the Security Holders a brief report, dated as of the
preceding May 15, if and to the extent required under
Section 313(a) of the Trust Indenture Act of 1939.

     
(b) The Trustee shall comply with
Section 313(b) and Section 313(c) of the Trust
Indenture Act of 1939.

     
(c) A copy of each such report shall, at the
time of such transmission to Security Holders, be filed by the
Trustee with each stock exchange upon which the Securities of
any applicable series are listed and also with the Securities
and Exchange Commission. The Company agrees to notify the
Trustee when and as the Securities of any series become listed
on any stock exchange.

ARTICLE SEVEN

REMEDIES OF THE TRUSTEE AND SECURITY HOLDERS

UPON EVENT OF DEFAULT

     
SECTION 7.01.     Events
of Default Defined; Acceleration; Waiver and Rescission.
“Event of Default” with respect to Securities
of any series, wherever used herein, means each one of the
following events which shall have occurred and be continuing
(whatever the reason for such Event of Default and whether it
shall be voluntary or involuntary or be effected by operation of
law or pursuant to any judgment, decree or order of any court or
any order, rule or regulation of any administrative or
governmental body):

		
	 	     
    (a) default in the due and punctual payment
    of any installment of interest upon any of the Securities of
    such series as and when the same shall become due and payable,
    and continuance of such default for a period of thirty days; or
    
	 
	 	     
    (b) default in the due and punctual payment
    of the principal of and premium, if any, on any of the
    Securities of such series as and when the same shall become due
    and payable either at maturity, upon redemption, by declaration
    as authorized by this Indenture, or otherwise; or
    
	 
	 	     
    (c) failure on the part of the Company to
    duly observe or perform any other of the covenants or agreements
    on the part of the Company contained in the Securities of such
    series or in this Indenture for a period of ninety days after
    the date on which written notice of such failure, requiring the
    same to be remedied, shall have been given to the Company by the
    Trustee, or to the Company and the Trustee by the Holders of at
    least twenty-five percent (25%) in principal amount of the
    Outstanding Securities of such series; or
    
	 
	 	     
    (d) a decree or order by a court having
    jurisdiction in the premises shall have been entered adjudging
    the Company a bankrupt or insolvent, or approving a petition
    seeking reorganization of the Company under Federal bankruptcy
    law or any other applicable Federal or State law, and such
    decree or order shall have continued undischarged or unstayed
    for a period of ninety days; or a decree or order of a court
    having jurisdiction in the premises for the appointment of a
    receiver or liquidator or trustee or assignee in bankruptcy or
    insolvency of the Company or of all or substantially all of its
    property, or for the winding up or liquidation of its affairs,
    shall have been entered, and such decree or order shall have
    remained in force undischarged or unstayed for a period of
    ninety days; or
    
	 
	 	     
    (e) the Company shall institute proceedings
    to be adjudicated a voluntary bankrupt, or shall consent to the
    filing of a bankruptcy proceeding against it, or shall file a
    petition or answer or consent seeking reorganization under
    Federal bankruptcy law or any other applicable Federal or State
    law, or shall consent to the filing of any such petition, or
    shall consent to the appointment of a receiver or
    

26

 

		
	 	
    liquidator or trustee or assignee in bankruptcy
    or insolvency of it or of all or substantially all of its
    property, or shall make an assignment for the benefit of
    creditors, or shall admit in writing its inability to pay its
    debts generally as they become due; or
    
	 
	 	     
    (f) a default under any mortgage, indenture
    or instrument under which there may be issued, or by which there
    may be secured or evidenced, any indebtedness for money borrowed
    of the Company (other than the Securities of such series),
    whether such indebtedness exists on the date of this Indenture
    or shall hereafter be created, which default either (i) is
    caused by a failure to pay when due any principal of such
    indebtedness the principal amount of which, together with the
    principal amount of any other such indebtedness under which
    there is a payment default, aggregates $50,000,000 or more
    within the grace period provided for in such indebtedness, which
    failure continues beyond any applicable grace period or
    (ii) results in such aggregate indebtedness in excess of
    $50,000,000 becoming or being declared due and payable prior to
    the date on which it would otherwise become due and payable, and
    such payment default is not cured or such acceleration shall not
    be rescinded or annulled within ten days after written notice to
    the Company from the Trustee or to the Company and to the
    Trustee from the Holders of not less than twenty-five percent
    (25%) of the then Outstanding Securities of such series; or
    
	 
	 	     
    (g) any other Event of Default provided in
    the supplemental indenture or Officers’ Certificate under
    which such series of Securities is issued or in the form of
    Security for such series.
    

     
If an Event of Default described in clauses (a),
(b), (c), (f) or (g) occurs and is continuing with respect
to Securities of any series, then, and in each and every such
case, unless the principal of all of the Securities of such
series shall have already become due and payable, either the
Trustee or the Holders of not less than twenty-five percent
(25%) in aggregate principal amount of the Securities of such
affected series then Outstanding hereunder (voting as a single
class) by notice in writing to the Company (and to the Trustee
if given by Security Holders), may declare the entire principal
(or, if any Securities are Original Issue Discount Securities,
such portion of the principal as may be specified in the terms
thereof) of all Securities of such affected series and the
interest accrued thereon, if any, to be due and payable
immediately, and upon any such declaration the same shall become
immediately due and payable. If an Event of Default described in
clauses (d) and (e) occurs and is continuing, the principal
amount plus accrued and unpaid interest (and premium, if any),
if any, on all the Securities shall become due and payable
without any declaration or other act on the part of the Trustee
or any Security Holders.

     
The foregoing provisions, however, are subject to
the condition that if, at any time after the principal of (or,
if the Securities are Original Issue Discount Securities, such
portion of the principal as may be specified in the terms
thereof) and accrued interest, if any, on the Securities of any
series shall have been so declared due and payable, but before
such Securities shall have become due by their terms and before
any judgment or decree for the payment of the moneys due shall
have been obtained or entered as hereinafter provided, the
Company shall pay or shall deposit with the Trustee a sum
sufficient to pay all matured installments of interest upon all
the Securities of such series then Outstanding and the principal
of any and all Securities of such series then Outstanding which
shall have become due otherwise than by acceleration with
interest upon such principal and, to the extent that payment of
such interest is enforceable under applicable law, upon overdue
installments of interest, at the rate per annum or Yield to
Maturity (in the case of Original Issue Discount Securities)
expressed in the Securities of such series to the date of such
payment or deposit) and all amounts payable to the Trustee under
Section 8.06, and any and all defaults under the Indenture,
other than the nonpayment of principal on the Securities of such
series then Outstanding which shall not have become due by their
terms, shall have been remedied or provision shall have been
made therefor to the satisfaction of the Trustee, then and in
every such case the Holders of a majority in aggregate principal
amount of the Securities of such series then Outstanding, by
written notice to the Company and to the Trustee, may waive all
defaults and rescind and annul such declaration and its
consequences with respect to such series; but no such waiver or
rescission and annulment shall extend to or shall affect any
subsequent default, or shall impair any right
consequent thereon.

27

 

     
In case the Trustee shall have proceeded to
enforce any right under this Indenture and such proceedings
shall have been discontinued or abandoned because of such
rescission or annulment or for any other reason or shall have
been determined adversely to the Trustee, then and in every such
case the Company and the Trustee shall be restored respectively
to their former positions and rights hereunder, and all rights,
remedies and powers of the Company and the Trustee shall
continue as though no such proceedings had been taken.

     
For all purposes under this Indenture, if a
portion of the principal of any Original Issue Discount
Securities shall have been accelerated and declared due and
payable pursuant to the provisions hereof, then, from and after
such declaration, unless such declaration has been rescinded and
annulled, the principal amount of such Original Issue Discount
Securities shall be deemed, for all purposes hereunder, to be
such portion of the principal thereof as shall be due and
payable as a result of such acceleration, and payment of such
portion of the principal thereof as shall be due and payable as
a result of such acceleration, together with interest, if any,
thereon and all other amounts owing thereunder, shall constitute
payment in full of such Original Issue Discount Securities.

     
SECTION 7.02.     Covenant
to Pay; Collection by Trustee. The Company covenants that
(1) in case default shall be made in the payment of any
installment of interest on any of the Securities of any series,
as and when the same shall become due and payable, and such
default shall have continued for a period of thirty days, or
(2) in case default shall be made in the payment of all or
any part of the principal of and premium, if any, on any of the
Securities of any series when the same shall have become due and
payable, whether upon maturity of the Securities of such series
or upon redemption or upon declaration as authorized by this
Indenture or otherwise, then, upon demand of the Trustee, the
Company will pay to the Trustee, for the benefit of the Holders
of the Securities of such series then Outstanding, the whole
amount that then shall have become due and payable on all such
Securities of such series for principal, premium, if any, or
interest as the case may be, with interest upon the overdue
principal and premium, if any, and (to the extent that payment
of such interest is enforceable under applicable law) upon
overdue installments of interest at the rate per annum or Yield
to Maturity (in the case of Original Issue Discount Securities)
expressed in the Securities of such series; and, in addition
thereto, such further amount as shall be sufficient to cover the
costs and expenses of collection, and all amounts payable to the
Trustee under Section 8.06. Until such demand is made by
the Trustee, the Company may pay the principal and premium, if
any, of and interest on the Securities of such series to the
Holders of the Securities of such series whether or not the
Securities of such series be overdue.

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

     
If an Event of Default occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Security Holders of any series
by such appropriate judicial proceedings and other available
remedies 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.

     
The Trustee shall be entitled and empowered,
either in its own name or as trustee of an express trust, or as
attorney-in-fact for the Holders of the Securities of any
series, or in any one or more of such capacities, to file such
proof of debt, amendment of proof of debt, claim, petition or
other document as may be necessary or advisable in order to have
the claims of the Trustee and of the Holders of the Securities
of any series allowed in any receivership, insolvency,
bankruptcy, liquidation, readjustment, reorganization or other
judicial proceedings relative to the Company or any other
obligor on the Securities of any series or their creditors, or
affecting their property. The Trustee is hereby irrevocably
appointed (and the successive respective Holders of the
Securities of any series by taking and holding the same shall

28

 

be conclusively deemed to have so appointed the
Trustee) the true and lawful attorney-in-fact of the respective
Holders of the Securities of any series, with authority to make
and file in the respective names of the Holders of the
Securities of any series or on behalf of the Holders of the
Securities of any series as a class, subject to deduction from
any such claims of the amounts of any claims filed by any of the
Holders of the Securities of any series themselves, any proof of
debt, amendment of proof of debt, claim, petition or other
document in any such proceedings and to receive payment of any
sums becoming distributable on account thereof, and to execute
any such other papers and documents and to do and perform any
and all such acts and things for and on behalf of such Holders
of the Securities of any series, as may be necessary or
advisable in the opinion of the Trustee in order to have the
respective claims of the Trustee and of the Holders of the
Securities of any series against the Company or its property
allowed in any such proceeding, and to receive payment of or on
account of such claims; provided, however, that nothing
contained in this Indenture shall be deemed to authorize the
Trustee to authorize or consent to, or accept or adopt on behalf
of any Security Holder, any plan of reorganization, arrangement,
adjustment or composition affecting the Securities of any series
or the rights of any Holder thereof, or to authorize the Trustee
to vote in respect of the claim of any Security Holder of any
series in any such proceeding. Any receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such
proceeding is hereby authorized by each Security 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
Security Holders of any series, to pay to the Trustee any amount
due to it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under
Section 8.06.

     
All rights of action and of asserting claims
under this Indenture, or under any of the Securities of any
series, may be enforced by the Trustee without the possession of
any of the Securities of such series or the production thereof
at any trial or other proceeding relative thereto, and any such
suit or proceeding instituted by the Trustee shall be brought in
its own name as trustee of an express trust, and any recovery of
judgment shall be for the ratable benefit of the Holders of the
Securities in respect of which such action was taken, subject to
the provisions of this Indenture. In any proceedings brought by
the Trustee (and also any proceedings in which a declaratory
judgment of a court may be sought as to the interpretation or
construction of any provision of this Indenture, to which the
Trustee shall be a party) the Trustee shall be held to represent
all the Holders of the Securities of any series affected
thereby, and it shall not be necessary to make any Holders of
such Securities parties to any such proceedings.

     
SECTION 7.03.     Application
of Moneys Collected by Trustee. Any moneys collected by the
Trustee pursuant to Section 7.02 in respect of any series
shall be applied in the order following, at the date or dates
fixed by the Trustee, upon presentation of the several
Securities, and stamping (or otherwise noting) thereon the
payment, if any, partially paid, and upon surrender thereof if
fully paid:

		
	 	     
    FIRST: To the payment of costs and expenses of
    collection applicable to such series, and of all amounts payable
    to the Trustee under Section 8.06;
    
	 
	 	     
    SECOND: In case the principal of the Outstanding
    Securities of such series shall not have become due and be
    unpaid, to the payment of defaulted interest on the Securities
    of such series, in the order of the maturity of the installments
    of such interest, with interest (so far as may be lawful and if
    such interest has been collected by the Trustee) upon the
    overdue installments of interest at the rate per annum or Yield
    to Maturity (in the case of Original Issue Discount Securities)
    expressed in such Securities, such payments to be made ratably
    to the persons entitled thereto, without discrimination or
    preference;
    
	 
	 	     
    THIRD: In case the principal of the Outstanding
    Securities of such series shall have become due, by declaration
    as authorized by this Indenture or otherwise, to the payment of
    the whole amount then owing and unpaid upon the Securities of
    such series for principal and interest, with interest on the
    overdue principal, and (so far as may be lawful and if such
    interest has been collected by the Trustee) upon overdue
    installments of interest at the rate per annum or Yield to
    Maturity (in the case of Original Issue Discount Securities)
    expressed in the Securities of such series; and in case such
    moneys shall be insufficient to pay in full the whole amount so
    due and unpaid upon the Securities of
    

29

 

		
	 	
    such series; then to the payment of such
    principal and interest, without preference or priority of
    principal over interest or of interest over principal, or of any
    installment of interest over any other installment of interest,
    or of any Security of such series over any other Security of
    such series, ratably to the aggregate of such principal and
    accrued and unpaid interest;
    
	 
	 	     
    FOURTH: To the payment of the remainder, if any,
    to the Company, its successors or assigns.
    

     
The Trustee may fix a record date and payment
date for any payment to holders of the Outstanding Securities of
such series pursuant to this Section 7.03. At least 15 days
before such record date, the Trustee shall mail to each holder
of Outstanding Securities of such series and the Company a
notice that states the record date, the payment date and the
amount to be paid.

     
SECTION 7.04.     Limitation
on Suits by Holders of Securities. Except as otherwise
expressly provided in this Section 7.04, no Holder of any
Security of any series shall have any right by virtue or by
availing of any provision of this Indenture or otherwise to
institute any suit, action or proceeding in equity or at law
upon or under or with respect to this Indenture, for the
appointment of a receiver or trustee, for the execution of any
trust or power hereof, or for any other remedy hereunder, unless
such Holder previously shall have given to the Trustee written
notice of default and of the continuance thereof, as
hereinbefore provided, and unless also the Holders of not less
than twenty-five percent (25%) in aggregate principal amount of
the Securities of such series then Outstanding shall have made
written request upon the Trustee either to proceed to exercise
the power hereinbefore granted or to institute such action, suit
or proceeding in its own name as Trustee hereunder and shall
have offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee within sixty days
after its receipt of such notice, request and offer of
indemnity, shall have failed to proceed to exercise such powers
or to institute any such action, suit or proceeding, and no
direction inconsistent with such written request shall have been
given to the Trustee during such reasonable time by the Holders
of a majority in principal amount of the Securities of such
series then Outstanding; it being understood and intended, and
being expressly covenanted by the taker and Holder of every
Security with every other taker and Holder and the Trustee, that
no one or more Holders of Securities of any series shall have
any right in any manner whatever by virtue or by availing of any
provision of this Indenture to affect, disturb or prejudice the
rights of the Holders of any other of such Securities, or to
obtain or seek to obtain priority over or preference to any
other such Holder, or to enforce any right under this Indenture,
except in the manner herein provided, and that all proceedings
in law or in equity shall be instituted, had and maintained in
the manner herein provided for the equal, ratable and common
benefit of all Holders of Securities of the applicable series.
For the protection and enforcement of the provisions of this
Section 7.04, each and every Security Holder and the
Trustee shall be entitled to such relief as can be given either
at law or in equity.

     
Nothing herein contained shall, however, affect
or impair the right, which is absolute and unconditional, of any
Security Holder to receive, and to institute suit to enforce the
payment of, the principal of and premium, if any, and interest
on the Holder’s Securities at and after the respective due
dates (including maturity by call for redemption, declaration
pursuant to this Indenture which has not been rescinded pursuant
to Section 7.01 or otherwise) of such principal or premium,
if any, or interest, or the obligation of the Company, which is
also absolute and unconditional, to pay the principal of and
premium, if any, and interest on each of the Securities to the
respective Holders thereof at the times and places in the
Securities expressed.

     
SECTION 7.05.     Delay
or Omission in Exercise of Rights Not Waiver of Default. No
delay or omission of the Trustee or of any Holder of any of the
Securities to exercise any right or power accruing upon any
Event of Default shall impair any such right or power, or shall
be construed to be a waiver of any such default or an
acquiescence therein; and, subject to the provisions of
Section 7.04, every power and remedy given by this
Article Seven or by law to the Trustee or to the Security
Holders may be exercised from time to time, and as often as
shall be deemed expedient by the Trustee or by the Security
Holders. No remedy is exclusive of any other remedy. All
available remedies are cumulative.

     
SECTION 7.06.     Rights
of Holders of Majority. Subject to the provisions of
Sections 8.01 and 8.02, the Holders of a majority in
aggregate principal amount of the Securities of any series at
the time

30

 

Outstanding shall have the right to direct the
time, method and place of conducting any proceeding for any
remedy available to the Trustee with respect to the Securities
of such series, or exercising any trust or power conferred on
the Trustee with respect to the Securities of such series;
provided, however, that such direction shall not be
otherwise than in accordance with law and the provisions of this
Indenture, expose the Trustee to personal liability or be unduly
prejudicial to Holders not joining therein, and the Trustee
shall have the right, subject to the provisions of
Section 8.01, to decline to follow any such direction if
the Trustee, being advised by counsel, determines that the
action so directed may not be lawfully taken, or if the Trustee
in good faith shall, by a responsible officer or officers of the
Trustee, determine that the proceeding so directed would be
illegal or involve it in personal liability or be unjustly
prejudicial to the Security Holders not joined in any such
direction, and provided further that nothing in this
Indenture shall impair the right of the Trustee in its
discretion to take any action deemed proper by the Trustee and
which is not inconsistent with such direction by the Security
Holders. Prior to taking any action hereunder, the Trustee shall
be entitled to reasonable indemnification against all losses and
expenses caused by taking or not taking such action.

     
Prior to a declaration that the Securities of any
series are due and payable as provided in Section 7.01, the
Holders of a majority in aggregate principal amount of the
Securities of such series at the time Outstanding may, on behalf
of the Holders of all of the Securities of such series, waive
any past Event of Default described in clause (c), (d), (e),
(f) or (g) of Section 7.01 and its consequences,
except a default in respect of a covenant or provision hereof
which cannot be modified or amended without the consent of the
Holder of each Security of such series affected. In the case of
any such waiver, the Company, the Trustee and the Holders of
such Securities shall be restored to their former positions and
rights hereunder, respectively, but no such waiver shall extend
to any subsequent or other default or impair any right
consequent thereon.

     
Upon any such waiver, such default shall cease to
exist and be deemed to have been cured and not to have occurred
with respect to such series, and any Event of Default arising
therefrom shall be deemed to have been cured with respect to
such series, and not to have occurred for every purpose of this
Indenture with respect to such series; but no such waiver shall
extend to any subsequent or other default or Event of Default or
impair any right consequent thereon.

     
SECTION 7.07.     Trustee
to Give Notice of Defaults Known to It, but May Withhold in
Certain Circumstances. The Trustee shall, within ninety days
after the occurrence of a default with respect to the Securities
of any series, give to the Holders of the Securities of such
series, in the manner and to the extent provided in subsection
(c) of Section 6.04 with respect to reports pursuant
to subsection (a) of said Section 6.04, notice of all
defaults with respect to that series known to the Trustee,
unless such defaults shall have been cured before the giving of
such notice (the term “defaults” for the
purposes of this Section 7.07 being hereby defined to be
the events specified in clauses (a), (b), (c), (d), (e),
(f) and (g) of Section 7.01, not including any
periods of grace provided for therein); provided, that,
except in the case of default in the payment of the principal of
(or premium, if any) or interest, if any, on any of the
Securities of such series, or in the payment of any sinking or
purchase fund installment, the Trustee shall be protected in
withholding such notice if and so long as a committee of
responsible officers of the Trustee in good faith determines
that the withholding of such notice is in the best interests of
the Security Holders of such series.

     
SECTION 7.08.     Requirement
of an Undertaking to Pay Costs in Certain Suits under Indenture
or Against Trustee. All parties to this Indenture agree, and
each Holder of any Security by his acceptance thereof shall be
deemed to have agreed, that any court may in its discretion
require, in any suit for the enforcement of any right or remedy
under this Indenture, or in any suit against the Trustee for any
action taken or omitted by it as Trustee, the filing by any
party litigant in such suit of 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; provided, that the provisions of this
Section 7.08 shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Security Holder, or group
of Security Holders, of any series holding in the aggregate more
than ten percent (10%) in principal amount

31

 

of the Securities of such series Outstanding; or
to any suit instituted by any Security Holder for the
enforcement of the payment of the principal of or premium, if
any, or interest on any Security on or after the due date
expressed in such Security or any date fixed for redemption.

     
SECTION 7.09.     Waiver
of Stay, Extension or Usury Laws. The Company covenants (to
the extent that it may lawfully do so) that it will not at any
time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any stay or extension law or
any usury or other law wherever enacted, now or at any time
hereafter in force, which would prohibit or forgive the Company
from paying all or any portion of the principal amount of the
Securities plus accrued and unpaid interest or any interest on
such amounts, as contemplated herein, or which may affect the
covenants or the performance of this Indenture; and the Company
(to the extent that it may lawfully do so) hereby expressly
waives all benefit or advantage of any such law, and covenants
that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit
the execution of every such power as though no such law had been
enacted.

ARTICLE EIGHT

CONCERNING THE TRUSTEE

     
SECTION 8.01.     Duties
of Trustee Prior to and After Event of Default. The Trustee,
prior to the occurrence of an Event of Default with respect to
the Securities of any series and after the curing of all Events
of Default which may have occurred with respect to such series,
undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture. In case an Event of
Default with respect to the Securities of any series has
occurred (which has not been cured) the Trustee shall exercise
such of the rights and powers vested in it by this Indenture,
and use the same degree of care and skill in their exercise, as
a prudent person would exercise or use under the circumstances
in the conduct of his own affairs.

     
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders
or other instruments furnished to the Trustee pursuant to any
provision of this Indenture, shall examine them to determine
whether they conform to the requirements of this Indenture.

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

		
	 	     
    (a) prior to the occurrence of an Event of
    Default with respect to the Securities of any series and after
    the curing of all such Events of Default with respect to such
    series which may have occurred:
    

		
	 	     
    (i) the duties and obligations of the
    Trustee shall be determined solely by the express provisions of
    this Indenture, and the Trustee shall not be liable except for
    the performance of such duties and obligations as are
    specifically set forth in this Indenture, and no implied
    covenants or obligations shall be read into this Indenture
    against the Trustee; and
    
	 
	 	     
    (ii) in the absence of bad faith on the part
    of the Trustee, the Trustee may conclusively rely, as to the
    truth of the statements and the correctness of the opinions
    expressed therein, upon any certificates or opinions furnished
    to the Trustee and conforming to the requirements of this
    Indenture;
    

		
	 	     
    (b) the Trustee shall not be personally
    liable for any error of judgment made in good faith by a
    responsible officer or responsible officers, appointed with due
    care, of the Trustee, unless it shall be proved that the Trustee
    was negligent in ascertaining the pertinent facts; and
    
	 
	 	     
    (c) the Trustee shall not be personally
    liable with respect to any action taken or omitted to be taken
    by it in good faith in accordance with the direction of the
    Holders of not less than a majority in principal amount of the
    Securities at the time Outstanding (determined as provided in
    Section 9.04) relating to the time, method and place of
    conducting any proceeding for any remedy available to the
    Trustee, or exercising any trustor power conferred upon the
    Trustee, under this Indenture.
    

32

 

None of the provisions of this Indenture shall
require the Trustee to expend or risk its own funds or otherwise
incur any personal financial liability in the performance of any
of its duties hereunder, or in the exercise of any of its rights
or powers, if it shall have reasonable grounds for believing
that repayment of such funds or adequate indemnity against such
risk or liability is not reasonably assured to it.

     
SECTION 8.02.     Rights
of Trustee. Except as otherwise provided in Section 8.01:

		
	 	     
    (a) The Trustee may conclusively rely and
    shall be protected in acting or refraining from acting upon any
    resolution, Officers’ Certificate, certificate of auditors,
    or any other certificate, statement, instrument, opinion,
    report, notice, request, consent, order, appraisal, bond,
    debenture or other paper or document reasonably believed by it
    to be genuine and to have been signed or presented by the proper
    party or parties;
    
	 
	 	     
    (b) Any request, direction, order or demand
    of the Company mentioned herein shall be sufficiently evidenced
    by an instrument signed in the name of the Company by the
    Chairman of the Board or the President or any Vice President and
    the Secretary or an Assistant Secretary or the Treasurer or an
    Assistant Treasurer or the Controller (unless other evidence in
    respect thereof be herein specifically prescribed); and any
    resolution of the Board of Directors may be evidenced to the
    Trustee by a copy thereof certified by the Secretary or an
    Assistant Secretary of the Company;
    
	 
	 	     
    (c) The Trustee may consult with counsel 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 or suffered or omitted by it
    hereunder in good faith and in accordance with such advice or
    Opinion of Counsel;
    
	 
	 	     
    (d) The Trustee shall be under no obligation
    to exercise any of the trusts or powers vested in it by this
    Indenture or to institute, conduct or defend any litigation
    hereunder or in relation thereto at the request, order or
    direction of any of the Security Holders, pursuant to the
    provisions of this Indenture, unless such Security Holders shall
    have offered to the Trustee security or indemnity reasonably
    satisfactory to it against the costs, expenses and liabilities
    which may be incurred therein or thereby; nothing herein
    contained shall, however, relieve the Trustee of the obligation,
    upon the occurrence of an Event of Default (which has not been
    cured) to exercise such of the rights and powers vested in it by
    this Indenture, and to use the same degree of care and skill in
    their exercise, as a prudent person would exercise or use under
    the circumstances in the conduct of his own affairs;
    
	 
	 	     
    (e) The Trustee shall not be personally
    liable for any action taken or omitted by it in good faith and
    reasonably believed by it to be authorized or within the
    discretion or rights or powers conferred upon it by this
    Indenture;
    
	 
	 	     
    (f) Prior to the occurrence of an Event of
    Default hereunder and after the curing of all Events of Default,
    the Trustee shall not be bound to make any investigation into
    the facts or matters stated in any resolution, certificate,
    statement, instrument, opinion, report, notice, request,
    consent, order, approval, bond, debenture or other paper or
    document, unless requested in writing so to do by the Holders of
    not less than majority in aggregate principal amount of the
    Securities of all series affected then Outstanding; provided,
    however, that if the payment within a reasonable time to the
    Trustee of the costs, expenses or liabilities likely to be
    incurred by it in the making of such investigation is, in the
    opinion of the Trustee, not reasonably assured to the Trustee by
    the security afforded to it by the terms of this Indenture, the
    Trustee may require reasonable indemnity against such expense or
    liability as a condition to so proceeding. The reasonable
    expense of every such examination shall be paid by the Company;
    
	 
	 	     
    (g) The Trustee may execute any of the
    trusts or powers hereunder or perform any duties hereunder
    either directly or by or through agents or attorneys;
    
	 
	 	     
    (h) The Trustee shall not be deemed to have
    notice of any default or Event of Default unless a responsible
    officer of the Trustee has actual knowledge thereof or unless
    written notice of any event which is in fact such a default is
    received by the Trustee at the Corporate Trust Office of the
    Trustee, and such notice references the Securities and this
    Indenture;
    

33

 

		
	 	     
    (i) The rights, privileges, protections,
    immunities and benefits given to the Trustee, including without
    limitation, its right to be indemnified, are extended to, and
    shall be enforceable by, the Trustee in each of its capacities
    hereunder, and each agent, custodian and other person employed
    to act hereunder; and
    
	 
	 	     
    (j) The Trustee may request that the Company
    deliver an Officers’ Certificate setting forth the names of
    individuals and/or titles of officers authorized at such time to
    take specified actions pursuant to this Indenture, which
    Officers’ Certificate may be signed by any person
    authorized to sign an Officers’ Certificate, including any
    person specified as so authorized in any such certificate
    previously delivered and not superseded.
    

     
SECTION 8.03.     Trustee
not Liable for Recitals in Indenture or in Securities. The
recitals contained herein and in the Securities (other than the
certificate of authentication on the Securities) shall be taken
as the statements of the Company, and the Trustee assumes no
responsibility for the correctness of the same. The Trustee
makes no representations as to the validity or sufficiency of
this Indenture or of the Securities. The Trustee shall not be
accountable for the use or application by the Company of any of
the Securities or of the proceeds of such Securities, or for the
use or application of any moneys paid over by the Trustee in
accordance with any provision of this Indenture, or for the use
or application of any moneys received by any paying agent other
than the Trustee.

     
SECTION 8.04.     Trustee,
Paying Agent or Security Registrar May Own Securities. The
Trustee or any paying agent or calculation agent or any Security
Registrar, in its individual or any other capacity, may become
the owner or pledgee of Securities with the same rights it would
have if it were not Trustee, paying agent, calculation agent, or
Security Registrar.

     
SECTION 8.05.     Moneys
Received by Trustee to Be Held in Trust. Subject to the
provisions of Article Four, all moneys received by the
Trustee shall, until used or applied as herein provided, be held
in trust for the purposes for which they were received, but need
not be segregated from other funds except to the extent required
by law. The Trustee shall be under no liability for interest on
any moneys received by it hereunder except such as it may agree
in writing with the Company to pay thereon. So long as no Event
of Default shall have occurred and be continuing, all interest
allowed on any such moneys shall be paid from time to time upon
the written order of the Company, signed by its Chairman of the
Board or President or any Vice President or Treasurer or an
Assistant Treasurer.

     
SECTION 8.06.     Trustee
Entitled to Compensation, Reimbursement and Indemnity. The
Company covenants and agrees to pay to the Trustee from time to
time, and the Trustee shall be entitled to, such compensation as
shall be agreed in writing between the Company and the Trustee
(which shall not be limited by any provision of law in regard to
the compensation of a trustee of an express trust) for all
services rendered by it in the execution of the trusts hereby
created and in the exercise and performance of any of the powers
and duties hereunder of the Trustee, and the Company will pay or
reimburse the Trustee upon its request for all reasonable
expenses, disbursements and advances incurred or made by the
Trustee in accordance with any of the provisions of this
Indenture (including the reasonable compensation and the
expenses and disbursements of its counsel and of all persons not
regularly in its employ) except any such expense, disbursement
or advance as may arise from its negligence or bad faith. The
Company also covenants to indemnify the Trustee for, and to hold
it harmless against, any loss, liability or expense incurred
without negligence or bad faith on the part of the Trustee, and
arising out of or in connection with the acceptance or
administration of this trust, including the costs and expenses
of defending itself against any claim of liability in connection
with the exercise or performance of any of its powers or duties
hereunder. The obligations of the Company under this Section
8.06 to compensate the Trustee and to pay or reimburse the
Trustee for expenses, disbursements and advances shall
constitute additional indebtedness hereunder. Such additional
indebtedness shall be secured by a lien prior to that of the
Securities upon any property and funds held or collected by the
Trustee as such, except funds held in trust for the benefit of
the Holders of particular Securities.

     
When the Trustee incurs expenses or renders
services in connection with an Event of Default specified in
Section 7.01(d) or Section 7.01(e), the expenses and
the compensation for the services are intended to constitute
expenses of administration under any bankruptcy law.

34

 

     
All indemnifications and releases from liability
granted hereunder to the Trustee shall extend to its officers,
directors, employees, agents, successors and assigns.

     
The Company’s obligations under this
Section 8.06 and any lien arising hereunder shall survive
the resignation or removal of any Trustee, the discharge of the
Company’s obligations pursuant to Article Four of this
Indenture and/or the termination of this Indenture.

     
SECTION 8.07.     Right
of Trustee to Rely on Certificate of Officers of Company.
Except as otherwise provided in Section 8.01, whenever in
the administration of the trusts of this Indenture the Trustee
shall deem it necessary or desirable that a matter be proved or
established prior to taking or suffering or omitting any action
hereunder, such matter (unless other evidence in respect thereof
be herein specifically prescribed) may be deemed to be
conclusively proved and established by an Officers’
Certificate, and such certificate shall be full warrant to the
Trustee for any action taken, suffered or omitted by it under
the provisions of this Indenture upon the faith thereof.

     
SECTION 8.08.     Trustee
Acquiring Conflicting Interest. If the Trustee has or shall
acquire a conflicting interest within the meaning of the Trust
Indenture Act of 1939, the Trustee shall either eliminate such
interest or resign, to the extent and in the manner provided by,
and subject to the provisions of, the Trust Indenture Act of
1939 and this Indenture. To the extent permitted by such Act,
the Trustee shall not be deemed to have a conflicting interest
by virtue of being a trustee for another series of Securities
under this Indenture. Nothing herein shall prevent the Trustee
from filing with the Securities and Exchange Commission the
application referred to in the second to last paragraph of
Section 310(b) of the Trust Indenture Act of 1939.

     
SECTION 8.09.     Requirements
for Eligibility of Trustee. The Trustee hereunder shall at
all times be a corporation organized and doing business under
the laws of the United States or of any State or Territory or of
the District of Columbia, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of
at least fifty million dollars, subject to supervision or
examination by Federal, State, Territorial, or District of
Columbia authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section 8.09, the
combined capital and surplus of such corporation shall be deemed
to be its combined capital and surplus as set forth in its most
recent report of condition so published. Neither the Company nor
any person directly or indirectly controlling, controlled by or
under common control with the Company shall serve as trustee for
the Securities issued hereunder. In case at any time the Trustee
shall cease to be eligible in accordance with provisions of this
Section 8.09, the Trustee shall resign immediately in the
manner and with the effect specified in Section 8.10.

     
SECTION 8.10.     Replacement
of Trustee. (a) The Trustee, or any successor hereafter
appointed, may at any time resign with respect to one or more
series of Securities and be discharged from the trust hereby
created by giving written notice thereof to the Company and by
mailing notice of such resignation to the Holders of then
Outstanding Securities of such series affected at their
addresses as they appear on the Security Register. Upon
receiving such notice of resignation, the Company shall promptly
appoint a successor trustee or trustees with respect to the
applicable series by written instrument, in duplicate, executed
by order of the Board of Directors, one copy of which instrument
shall be delivered to the resigning Trustee and one copy to the
successor trustee or trustees. If no successor trustee shall
have been so appointed with respect to any series of Securities
and have accepted appointment within thirty days after the
publication of such notice of resignation, the resigning Trustee
may petition any court of competent jurisdiction at the expense
of the Company for the appointment of a successor trustee, or
any Security Holder who has been a bona fide holder of a
Security or Securities of the applicable series for at least six
months may, subject to the provisions of Section 7.08, on
behalf of himself and all others similarly situated, petition
any such court for the appointment of a successor trustee. Such
court may thereupon after such notice, if any, as it may deem
proper and prescribe, appoint a successor trustee.

35

 

		
	 	     
    (b) In case at any time any of the following
    shall occur:
    

		
	 	     
    (i) the Trustee shall fail to comply with
    the provisions of Section 8.08 with respect to any series
    of Securities after written request therefor by the Company or
    by any Security Holder who has been a bona fide holder of a
    Security or Securities of the applicable series for at least six
    months, or
    
	 
	 	     
    (ii) the Trustee shall cease to be eligible
    in accordance with the provisions of Section 8.09 and shall
    fail to resign after written request therefor by the Company or
    by any such Security Holder, or
    
	 
	 	     
    (iii) the Trustee shall become incapable of
    acting with respect to any series of Securities, or shall be
    adjudged a bankrupt or insolvent, or a receiver of the Trustee
    or of its property shall be appointed, or any public officer
    shall take charge or control of the Trustee or of its property
    or affairs for the purpose of rehabilitation, conservation or
    liquidation,
    

		
	 	
    then, in any such case, the Company may remove
    the Trustee with respect to the applicable series of Securities
    and appoint a successor trustee for such series by written
    instrument, in duplicate, executed by order of the Board of
    Directors, one copy of which instrument shall be delivered to
    the Trustee so removed and one copy to the successor trustee,
    or, subject to the provisions of Section 7.08, any Security
    Holder who has been a bona fide holder of a Security or
    Securities of the applicable series for at least six months may,
    on behalf of himself and all others similarly situated, petition
    any court of competent jurisdiction for the removal of the
    Trustee and the appointment of a successor trustee with respect
    to such series. Such court may thereupon after such notice, if
    any, as it may deem proper and prescribe, remove the Trustee and
    appoint a successor trustee. If an instrument of acceptance by a
    successor Trustee shall not have been delivered to the Trustee
    within 30 days after giving of such notice of removal, the
    Trustee being removed may petition, at the expense of the
    Company, any court of competent jurisdiction for the appointment
    of a successor Trustee with respect to the Securities of such
    series.
    

		
	 	     
    (c) The Holders of a majority in aggregate
    principal amount of the Securities of each series at the time
    outstanding may at any time remove the Trustee and appoint a
    successor trustee with respect to Securities of such series by
    written instrument or instruments, in duplicate, signed by such
    Holders or their attorneys-in-fact duly authorized, one complete
    set of which instruments shall be delivered to the Trustee so
    removed and one complete set to the successor so appointed.
    
	 
	 	     
    (d) Any resignation or removal of the
    Trustee with respect to any series and appointment of a
    successor trustee with respect to such series pursuant to any of
    the provisions of this Section 8.10 shall become effective
    upon acceptance of appointment by the successor trustee as
    provided in Section 8.11.
    
	 
	 	     
    (e) The Company shall give notice of each
    resignation and each removal of the Trustee with respect to any
    series and each appointment of a successor trustee with respect
    to such series by mailing written notice of such event by
    first-class mail, postage prepaid, to the Holders of Securities
    of such series as their names and addresses appear in the
    Security Register. Each notice shall include the name of the
    successor trustee with respect to such series and the address of
    its principal corporate trust office.
    

     
SECTION 8.11.     Acceptance
by Successor to Trustee; Eligibility and Qualification of
Successor Trustee. Any successor trustee appointed as
provided in Section 8.10 shall execute, acknowledge and
deliver to the Company and to its predecessor trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor trustee with
respect to any applicable series shall become effective and such
successor trustee, without any further act, deed or conveyance,
shall become fully vested with all the rights, powers, duties
and obligations with respect to such series of its predecessor
hereunder, with like effect as if originally named as trustee
for such series herein. The predecessor trustee shall,
nevertheless, at the written request of the successor trustee,
pay over to the successor trustee all moneys at the time held by
it hereunder, subject nevertheless to its lien, if any, provided
for in Section 8.06; and the Company and the predecessor
trustee shall execute and deliver such

36

 

instruments and do such other things as may
reasonably be required for more fully and certainly vesting and
confirming in the successor trustee all such rights, powers,
duties and obligations.

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

     
No successor trustee with respect to any series
of Securities shall accept appointment as provided in this
Section 8.11 unless at the time of such acceptance such
successor trustee shall be qualified under the provisions of
Section 8.08 and eligible under the provisions of
Section 8.09.

     
SECTION 8.12.     Successor
to Trustee by Merger, Consolidation or Succession to
Business. Any corporation into which the Trustee may be
merged or with which it may be consolidated, or any corporation
resulting from any merger or consolidation to which the Trustee
shall be a party, or any corporation succeeding to all or
substantially all of the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder,
provided such corporation shall be qualified under the
provisions of Section 8.08 and eligible under the
provisions of Section 8.09, without the execution or filing
of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding.
In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by
merger, conversion or consolidation to such authenticating
Trustee may adopt such authentication and deliver the Securities
so authenticated with the same effect as if such successor
trustee had itself authenticated such Securities.

     
SECTION 8.13.     Preferential
Collection of Claims Against the Company. The Trustee shall
comply with Section 311(a) of the Trust Indenture Act of
1939 excluding any creditor relationship listed in
Section 311(b) of the Trust Indenture Act of 1939. A
Trustee who has resigned or been removed shall be subject to
Section 311(a) of the Trust Indenture Act of 1939 to the
extent indicated therein.

ARTICLE NINE

CONCERNING THE SECURITY HOLDERS

     
SECTION 9.01.     Evidence
of Action of Security Holders. Whenever in this Indenture it
is provided that the Holders of a specified percentage in
aggregate principal amount of Outstanding Securities of any or
all series may take any action (including the making of any
demand or request, the giving of any notice, consent or waiver
or the taking of any other action) the fact that at the time of
taking any such action the Holders of such specified percentage
have joined therein may be evidenced (a) by any instrument
or any number of instruments of similar tenor executed by
Security Holders in person or by attorney or proxy appointed in
writing, or (b) by the record of the Holders of Securities
voting in favor thereof at any meeting of Security Holders duly
called and held in accordance with the provisions of
Article Ten, or (c) by a combination of such
instrument or instruments and any such record of such a meeting
of Security Holders.

     
SECTION 9.02.     Proof
of Execution of Instruments and Holding of Securities.
Subject to the provisions of Section 8.01, proof of the
execution of any instrument by a Security Holder or his attorney
or proxy and proof of the holding by any person of any of the
Securities shall be sufficient for any purpose of this Indenture
if made in the following manner:

		
	 	     
    (a) The fact and date of the execution by
    any such person of any instrument may be proved by the
    certificate of any notary public, or other officer of any
    jurisdiction of or within the United States of America
    authorized to take acknowledgments of deeds, that the person
    executing such instrument
    

37

 

		
	 	
    acknowledged to him the execution thereof, or by
    an affidavit of a witness to such execution sworn to before any
    such notary or other such officer. Where such execution is by an
    officer of a corporation or association or a member of a
    partnership on behalf of such corporation, association or
    partnership, such certificate or affidavit shall also constitute
    sufficient proof of his authority. The fact and date of the
    execution of any such instrument, or the authority of the person
    executing the same, may also be proved in any other manner that
    the Trustee deems sufficient.
    
	 
	 	     
    (b) The ownership of Securities shall be
    proved by the register of such Securities or by a certificate of
    any duly appointed registrar thereof.
    

     
The Trustee shall not be bound to recognize any
person as a Security Holder unless and until his title to the
Securities held by him is proved in the manner in this
Article Nine provided.

     
The record of any Security Holders’ meeting
shall be proved in the manner provided in Section 10.06.

     
The Trustee may require such additional proof of
any matter referred to in this Section 9.02 as it shall
deem necessary.

     
SECTION 9.03.     Who
May Be Deemed Owners of Securities. The Company, the
Trustee, and any paying agent and any Security Registrar may
deem and treat the person in whose name any Security shall be
registered upon the books of the Company as the absolute owner
of such Security (whether or not such Security shall be overdue
and notwithstanding any notice of ownership or writing thereon
made by anyone other than the Company or any Security Registrar)
for the purpose of receiving payment of or on account of the
principal of, premium, if any, and interest on such Security and
for all other purposes; and neither the Company nor the Trustee
nor any paying agent nor any Security Registrar shall be
affected by any notice to the contrary. All such payments so
made to any such registered Holder for the time being or upon
his order shall be valid and, to the extent of the sum or sums
so paid, effectual to satisfy and discharge the liability for
moneys payable upon any such Security.

     
SECTION 9.04.     Securities
Owned by Company or Controlled or Controlling Persons
Disregarded for Certain Purposes. In determining whether the
Holders of the requisite aggregate principal amount of
Outstanding Securities of any or all series have concurred in
any direction, consent or waiver under this Indenture,
Securities which are owned by the Company or any other obligor
on the Securities, or by any person directly or indirectly
controlling or controlled by or under direct or indirect common
control with the Company or any other obligor on the Securities,
shall be disregarded and deemed not to be outstanding for the
purpose of any such determination, except that for the purpose
of determining whether the Trustee shall be protected in relying
on any such direction, consent or waiver only Securities which
the Trustee knows are so owned shall be so disregarded.
Securities so owned which have been pledged in good faith may be
regarded as Outstanding for the purposes of this Section 9.04,
if the pledgee shall establish to the satisfaction of the
Trustee the pledgee’s right to vote such Securities and
that the pledgee is not a person directly or indirectly
controlling or controlled by or under direct or indirect common
control with the Company or any such other obligor. In case of a
dispute as to such right, any decision by the Trustee taken upon
the written advice of counsel shall be full protection to the
Trustee. Upon request of the Trustee, the Company shall furnish
to the Trustee promptly an Officers’ Certificate listing
and identifying all Securities, if any, known by the Company to
be owned or held by or for the account of any of the
above-described persons; and, subject to Sections 8.01 and
8.02, the Trustee shall be entitled to accept such
Officers’ Certificate as conclusive evidence of the facts
therein set forth and of the fact that all Securities not listed
therein are Outstanding for the purpose of any such
determination unless the Trustee has actual knowledge to the
contrary.

     
SECTION 9.05.     Action
by Security Holders Binds Future Holders. Any demand,
request, waiver, consent or vote of the Holder of any Security
shall be conclusive and binding upon such Holder and upon all
future Holders and owners of such Security, and of any Security
issued in exchange therefor or in place thereof, irrespective of
whether or not any notation in regard thereto is made upon such
Security. However, any such Holder or future Holder may revoke
the consent, waiver or action as to such Holder’s Security
if the Trustee receives the notice of revocation before the date
the amendment, waiver or action becomes effective. An amendment
or waiver becomes effective upon the execution of such waiver or

38

 

amendment by the Trustee. Any action taken by the
Holders of the specified percentage in aggregate principal
amount of the Securities of any or all series, as the case may
be, specified in this Indenture in connection with such action
shall be conclusively binding upon the Company, the Trustee and
the Holders of all the Securities so specified.

ARTICLE TEN

SECURITY HOLDERS’ MEETINGS

     
SECTION 10.01.     Purposes
for Which Meetings May Be Called. A meeting of the Holders
of the Securities or any series thereof may be called at any
time and from time to time pursuant to the provisions of this
Article Ten for any of the following purposes:

		
	 	     
    (a) to give any notice to the Company or to
    the Trustee, or to give any directions to the Trustee, or to
    consent to the waiving of any default as to the Securities or
    any series thereof hereunder and its consequences, or to take
    any other action authorized to be taken by Security Holders
    pursuant to any of the provisions of Article Seven;
    
	 
	 	     
    (b) to remove the Trustee as to the
    Securities or any series thereof and appoint a successor trustee
    pursuant to the provisions of Article Eight;
    
	 
	 	     
    (c) to consent to the execution of an
    indenture or indentures as to the Securities or any series
    thereof supplemental hereto pursuant to the provisions of
    Section 11.02; or
    
	 
	 	     
    (d) to take any other action authorized to
    be taken by or on behalf of the Holders of any specified
    aggregate principal amount of the Outstanding Securities or any
    or all series thereof under any other provision of this
    Indenture, or authorized or permitted by law.
    

     
SECTION 10.02.     Manner
of Calling Meetings. The Trustee may at any time call a
meeting of the Holders of the Securities or any series thereof
to take any action specified in Section 10.01, to be held
at such time and at such place in the Borough of Manhattan, City
and State of New York, or in the City of Melbourne, State of
Florida, as the Trustee shall determine. Notice of every meeting
of Security Holders, setting forth the time and the place of
such meeting and in general terms the action proposed to be
taken at such meeting, shall be mailed by the Company, first
class postage prepaid, to the Holders of all Securities or all
Securities of the applicable series, as the case may be, at
their last addresses as they shall appear upon the Security
Register.

     
Any meeting of the Holders of the Securities or
any series thereof shall be valid without notice if the Holders
of all Securities or all Securities of the applicable series, as
the case may be, then Outstanding are present in person or by
proxy, or if notice is waived before or after the meeting by the
Holders of all such Securities or all Securities of the
applicable series, as the case may be, Outstanding, and if the
Company and the Trustee are either present by duly authorized
representatives or have, before or after the meeting, waived
notice.

     
SECTION 10.03.     Call
of Meetings by Company or Security Holders. In case at any
time the Company, pursuant to resolution of its Board of
Directors, or the Holders of at least twenty percent (20%) in
aggregate principal amount of the Securities or any series
thereof then Outstanding, shall have requested the Trustee to
call a meeting of the Holders of the Securities or any series
thereof, as the case may be, by written request setting forth in
reasonable detail the action proposed to be taken at the
meeting, and the Trustee of the Securities or the applicable
series shall not have mailed the notice of such meeting within
twenty days after receipt of such request, then the Company or
the Holders of Securities in the amount above specified may
determine the time and the place in the City of Melbourne, State
of Florida, or in the Borough of Manhattan, City and State of
New York, for such meeting and may call such meeting to take any
action authorized in Section 10.01, by mailing notice
thereof as provided in Section 10.02.

     
SECTION 10.04.     Who
May Attend and Vote at Meetings. To be entitled to vote at
any meeting of Security Holders a person shall (a) be a
Holder of one or more Securities and, if the meeting is of the
Holders of one or more series of Securities, of the applicable
series; or (b) be a person appointed by an

39

 

instrument in writing as proxy for the Holder or
Holders of such Securities. The only persons who shall be
entitled to be presentor to speak at any meeting of Security
Holders shall be the persons entitled to vote at such meeting
and their counsel and any representatives of the Trustee and its
counsel and any representatives of the Company and its counsel.

     
SECTION 10.05.     Regulations
May Be Made by Trustee; Conduct of the Meeting; Voting Rights;
Adjournment. Notwithstanding any other provisions of this
Indenture, the Trustee may make such reasonable regulations as
it may deem advisable for any meeting of Security Holders, in
regard to proof of the holding of Securities and of the
appointment of proxies, and in regard to the appointment and
duties of inspectors of votes, and submission and examination of
proxies, certificates and other evidence of the right to vote,
and such other matters concerning the conduct of the meeting as
it shall think fit. Except as otherwise permitted or required by
any such regulations, the holding of Securities shall be proved
in the manner specified in Section 9.02 and the appointment
of any proxy shall be proved in the manner specified in said
Section 9.02 or by having the signature of the person
executing the proxy witnessed or guaranteed by any bank or trust
company satisfactory to the Trustee.

     
The Trustee shall, by an instrument in writing,
appoint a temporary chairman of the meeting, unless the meeting
shall have been called by the Company or by Security Holders as
provided in Section 10.03, in which case the Company or the
Security Holders calling the meeting, as the case may be, shall
in like manner appoint a temporary chairman. A permanent
chairman and a permanent secretary of the meeting shall be
elected by vote of the Holders of a majority in principal amount
of the Securities represented at the meeting and entitled to
vote.

     
Subject to the provisions of Section 9.04,
at any meeting each Holder of Securities or Securities of the
applicable series, as the case may be, or proxy shall be
entitled to one vote for each $1,000 principal amount of
Securities entitled to vote at the meeting, provided,
however, that no vote shall be cast or counted at any
meeting in respect of any Securities challenged as not
Outstanding and ruled by the chairman of the meeting to be not
Outstanding. The chairman of the meeting shall have no right to
vote other than by virtue of Securities held by him or
instruments in writing as aforesaid duly designating him as the
person to vote on behalf of other Security Holders. Any meeting
of Security Holders duly called pursuant to the provisions of
Section 10.02 or 10.03 may be adjourned from time to time,
and the meeting may be held as so adjourned without further
notice.

     
SECTION 10.06.     Manner
of Voting at Meetings and Record to Be Kept. The vote upon
any resolution submitted to any meeting of Security Holders
shall be by written ballots on which shall be subscribed the
signatures of the Holders of Securities or of their
representatives by proxy and the principal amount of the
Securities voted by the ballot. The permanent chairman of the
meeting shall appoint two inspectors of votes, who shall count
all votes cast at the meeting for or against any resolution and
who shall make and file with the secretary of the meeting their
verified written reports in duplicate of all votes cast at the
meeting. A record in duplicate of the proceedings of each
meeting of Security Holders shall be prepared by the secretary
of the meeting and there shall be attached to said record the
original reports of the inspectors of votes on any vote by
ballot taken thereat and affidavits by one or more persons
having knowledge of the facts, setting forth a copy of the
notice of the meeting and showing that said notice was published
as provided in Section 10.02. The record shall be signed and
verified by the affidavits of the permanent chairman and
secretary of the meeting and one of the duplicates shall be
delivered to the Company and the other to the Trustee to be
preserved by the Trustee, the latter to have attached thereto
the ballots voted at the meeting.

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

     
SECTION 10.07.     Exercise
of Rights of Trustee or Security Holders Not Hindered by Call of
Meeting. Nothing in this Article Ten contained shall be
deemed or construed to authorize or permit, by reason of any
call of a meeting of Security Holders or any rights expressly or
impliedly conferred hereunder to make such call, any hindrance
or delay in the exercise of any right or rights conferred upon
or reserved to the Trustee or to the Holders of Securities or
any series thereof under any of the provisions of this Indenture
or of the Securities.

40

 

ARTICLE ELEVEN

SUPPLEMENTAL INDENTURES

     
SECTION 11.01.     Purposes
for Which Supplemental Indenture May Be Entered Into Without
Consent of Security Holders. The Company, when authorized by
a Board Resolution, and the Trustee, subject to the conditions
and restrictions in this Indenture contained, may from time to
time and at any time enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of
the Trust Indenture Act of 1939 as then in effect) for one or
more of the following purposes:

		
	 	     
    (a) to convey, transfer, assign, mortgage or
    pledge to the Trustee as security for the Securities of one or
    more series any property or assets or add any guarantee in
    respect of the Securities of one or more series or this
    Indenture;
    
	 
	 	     
    (b) to evidence the succession of another
    corporation to the Company, or successive successions, and the
    assumptions by the successor corporation of the covenants,
    agreements and obligations of the Company pursuant to
    Article Twelve;
    
	 
	 	     
    (c) to add to the covenants and agreements
    of the Company contained in this Indenture, for the benefit of
    the Holders of the Securities, or to surrender any right or
    power herein reserved to or conferred upon the Company;
    
	 
	 	     
    (d) to cure any ambiguity or to correct or
    supplement any defective or inconsistent provision contained in
    this Indenture or in any supplemental indenture, provided
    that no such action shall adversely affect the interests of the
    Holders of the Securities;
    
	 
	 	     
    (e) to establish the form or terms of
    Securities of any series as permitted by Sections 2.01 and
    2.03;
    
	 
	 	     
    (f) to evidence and provide for the
    acceptance of appointment hereunder by a successor trustee with
    respect to the Securities of one or more series and to add to or
    change any of the provisions of this Indenture as shall be
    necessary to provide for or facilitate the administration of the
    trusts hereunder by more than one trustee, pursuant to the
    requirements of Section 8.11;
    
	 
	 	     
    (g) to make any change necessary to comply
    with any requirement of the SEC in connection with the
    qualification of this Indenture or any supplemental indenture
    under the Trust Indenture Act of 1939, provided that such
    modification or amendment does not materially and adversely
    affect the interests of the holders of the Securities;
    
	 
	 	     
    (h) to provide for uncertificated Securities
    in addition to or in place of certificated Securities or to
    provide for bearer Securities; provided, however,
    that the uncertificated Securities are issued in registered form
    for purposes of Section 163(f) of the Internal Revenue Code
    of 1986, as amended, or in a manner such that the uncertificated
    Securities are described in Section 163(f)(2)(B) of such
    Internal Revenue Code; or
    
	 
	 	     
    (i) to make such provisions with respect to
    matters or questions arising under this Indenture as may be
    necessary or desirable and not inconsistent with this Indenture,
    provided that such other provisions shall not adversely
    affect the interest of the Holders of the Securities.
    

     
The Trustee is hereby authorized to join with the
Company in the execution of any supplemental indenture
authorized or permitted by the terms of this Indenture, to make
any further appropriate agreements and stipulations which maybe
therein contained, but the Trustee shall not be obligated to
enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this
Indenture or otherwise.

     
Any supplemental indenture authorized by the
provisions of this Section 11.01 may be executed by the Company
and the Trustee without notice to or the consent of the Holders
of any of the Securities at the time Outstanding,
notwithstanding any of the provisions of Section 11.02.

     
After an amendment under this Section 11.01
becomes effective, the Company shall mail to the Holders of the
affected series a notice briefly describing such amendment. The
failure to give such notice

41

 

to all Holders, or any defect therein, shall not
impair or affect the validity of an amendment under this
Section 11.01.

     
SECTION 11.02.     Modification
of Indenture with Consent of Holders. With the consent
(evidenced as provided in Section 9.01) of the Holders (or
persons entitled to vote, or to give consents respecting the
same) of not less than a majority in aggregate principal amount
of the Securities at the time Outstanding of any series affected
by such supplemental indenture (including consents obtained in
connection with a tender offer or exchange offer for such
Securities), the Company, when authorized by a Board Resolution,
and the Trustee may from time to time and at any time enter into
an indenture or indentures supplemental hereto (which shall
conform to the provisions of the Trust Indenture Act of 1939 as
then in effect) 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 and obligations of the Holders of the
Securities of such series and of the Company; provided,
however, that no such supplemental indenture shall
(a) extend the fixed maturity of any Securities, or reduce
the principal amount thereof, or reduce the rate or extend the
time of payment of interest thereon, or make the Securities
payable in money other than that stated in the Securities, or
reduce any premium payable upon the redemption thereof, or
change the time at which any Security may or must be redeemed,
or reduce the amount of the principal of an Original Issue
Discount Security that would be due and payable upon an
acceleration of the maturity thereof pursuant to
Section 7.01 or the amount thereof provable in bankruptcy
pursuant to Section 7.02, or impair or affect the right of any
Security Holder to institute suit for the payment of principal
of and interest on such Security Holder’s Securities on and
after the due dates therefor, or waive a default or Event of
Default regarding any payment on the Securities, or if the
Securities provide therefor, any right of repayment at the
option of the Security Holder, in each case without the consent
of the Holder of each Security so affected, or (b) reduce the
aforesaid percentage of Securities of any series, the Holders of
which are required to consent to any such supplemental
indenture, without the consent of the Holders of each Security
so affected.

     
A supplemental indenture which changes or
eliminates any covenant or other provision of this Indenture
which has expressly been included solely for the benefit of one
or more particular series of Securities, or which modifies the
rights of Holders of Securities of such series, with respect to
such covenant or provision, shall be deemed not to affect the
rights under this Indenture of the Holders of Securities of any
other series.

     
Upon the request of the Company, accompanied by a
copy of a resolution of its Board of Directors certified by the
Secretary or an Assistant Secretary of the Company authorizing
the execution of any such supplemental indenture, and upon the
filing with the Trustee of evidence of the consent of Security
Holders as aforesaid, the Trustee shall join with the Company in
the execution of such supplemental indenture unless such
supplemental indenture affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise, in which
case the Trustee may in its discretion but shall not be
obligated to enter into such supplemental indenture.

     
It shall not be necessary for the consent of the
Security Holders under this Section 11.02 to approve the
particular form of any proposed supplemental indenture, but it
shall be sufficient if such consent shall approve the substance
thereof.

     
The Company may in its discretion establish a
record date with respect to any action to be taken pursuant to
this Section.

     
Promptly after the execution by the Company and
the Trustee of any supplemental indenture pursuant to the
provisions of this Section 11.02, the Company shall mail
written notice, setting forth in general terms the substance of
such supplemental indenture, by first-class mail, postage
prepaid, to the Holders of the then Outstanding Securities of
each series affected thereby as their names and addresses appear
in the Security Register. Any failure of the Company to mail
such notice, or any defect therein, shall not, however, in any
way impair or affect the validity of any such supplemental
indenture.

     
SECTION 11.03.     Effect
of Supplemental Indentures. Upon the execution of any
supplemental indenture pursuant to the provisions of this
Article Eleven or of Article Twelve, this Indenture
shall be

42

 

and be deemed to be modified and amended in
accordance therewith and the respective rights, limitations of
rights, obligations, duties and immunities under this Indenture
of the Trustee, the Company and the Holders of Securities of
each series affected thereby shall thereafter be determined,
exercised and enforced hereunder subject in all respects to such
modifications and amendments, and all the terms and conditions
of any such supplemental indenture shall be and be deemed to be
part of the terms and conditions of this Indenture for any and
all purposes.

     
SECTION 11.04.     Securities
May Bear Notation of Changes. Securities authenticated and
delivered after the execution of any supplemental indenture
affecting such Securities pursuant to the provisions of this
Article Eleven, or after any action taken at a Security
Holders’ meeting pursuant to Article Ten, may bear a
notation in form approved by the Trustee as to any matter
provided for in such supplemental indenture or as to any action
taken at any such meeting; and, in such case, suitable notation
may be made upon Outstanding Securities of each series affected
thereby after proper presentation and demand. If the Company or
the Trustee shall so determine, new Securities so modified as to
conform, in the opinion of the Trustee and the Board of
Directors of the Company, to any modification of this Indenture
contained in any such supplemental indenture, or to any action
taken at any such meeting, may be prepared by the Company,
authenticated by the Trustee and delivered in exchange for the
Securities affected by a supplemental indenture then
Outstanding, upon demand of, and without cost to, the Holders
thereof, upon surrender of such Securities. Failure to make an
appropriate notation or to issue new Securities shall not affect
the validity of any supplemental indenture.

     
SECTION 11.05.     Trustee
to Sign Amendments, etc. The Trustee, subject to the
provisions of Section 8.01, may receive an Officers’
Certificate and Opinion of Counsel as conclusive evidence that
any supplemental indenture executed pursuant to this
Article Eleven is authorized or permitted by the terms of
this Indenture and that it is not inconsistent therewith.

     
SECTION 11.06.     Payment
for Consent. Neither the Company nor any affiliate of the
Company shall, directly or indirectly, pay or cause to be paid
any consideration, whether by way of interest, fee or otherwise,
to any Holder of Securities of any series for or as an
inducement to any consent, waiver or amendment of any of the
terms or provisions of this Indenture or the Securities of such
series unless such consideration is offered to be paid to all
Holders of such series that so consent, waive or agree to amend
in the time frame set forth in the solicitation documents
relating to such consent, waiver or agreement.

ARTICLE TWELVE

CONSOLIDATION, MERGER OR SALE

     
SECTION 12.01.     Consolidation,
Merger or Sale. The Company covenants and agrees that it
will not, in a single transaction or series of related
transactions, consolidate or merge with or into any other
person, or sell or transfer all or substantially all of its
property and assets to any other person, unless (a) the
person formed by or resulting from any such consolidation or
merger, or which shall have received the transfer of all or
substantially all of the property and assets of the Company,
shall assume the due and punctual performance and observance of
all of the covenants and conditions to be performed or observed
by the Company hereunder, (b) the Company, such person or
such successor person, as the case may be, shall not,
immediately after such consolidation, merger, sale or transfer,
be in default in the performance of any such covenant or
condition, and (c) if, upon such consolidation, merger,
sale or transfer becoming effective any of the property or
assets of the Company would become or be subject to any mortgage
or other lien (an “additional lien”), other
than liens existing thereon prior thereto and liens permitted
under the first paragraph and clauses (a) through
(h) and (j) of the second paragraph of
Section 5.11 hereof, then (x) prior to such
consolidation, merger, sale or transfer all of the Securities at
the time Outstanding shall be directly secured (equally and
ratably with any other indebtedness of the Company then entitled
thereto) by a mortgage or other lien ranking prior to such
additional lien, in form satisfactory to the Trustee, on all of
the property and assets of the Company, and accretions thereto,
which would upon such consolidation, merger, sale or transfer
become subject to such additional lien, such mortgage or other
lien securing the Securities to be effective for so long as such
property and assets shall remain subject to such additional
lien, or (y) the Company makes effective provision whereby
all Securities Outstanding

43

 

immediately after such consolidation, merger,
sale or transfer will be directly secured by a mortgage or other
lien in form satisfactory to the Trustee equally and ratably
with (or prior to) any and all obligations, indebtedness and
claims secured by such additional lien, upon such property and
assets of the Company (or the person resulting from or surviving
such consolidation or merger, if not the Company, or the person
to which such sale or transfer shall have been made, as the case
may be) as are subject to such additional lien, such mortgage or
other lien securing the Securities to be effective for so long
as such property and assets shall remain subject to such
additional lien.

     
Subject to the provisions of Section 8.01,
the Trustee may receive an Opinion of Counsel as conclusive
evidence that the instrument or instruments evidencing any
mortgage and pledge referred to above comply with the foregoing
conditions and provisions of this Section 12.01.

     
SECTION 12.02.     Securities
and Indenture to Be Assumed by Successor on Consolidation,
Merger or Sale. Subject to the provisions of
Section 12.01, nothing in this Indenture shall prevent any
consolidation or merger of the Company with or into any other
person, or any sale, or transfer of all or substantially all of
the property and assets of the Company to any other person
lawfully entitled to acquire the same; provided,
however, and the Company covenants and agrees, that any
such consolidation, merger, sale, or transfer shall be upon the
condition that the due and punctual payment of the principal,
premium, if any, and interest of all the Securities according to
their tenor, and the due and punctual performance and observance
of all the terms, covenants and conditions of the Indenture to
be kept or performed by the Company shall, by an indenture
supplemental hereto, executed and delivered to the Trustee, be
assumed by the person formed by or resulting from any such
consolidation or merger (provided that no such
supplemental indenture shall be required if the Company is the
surviving person upon the consolidation or merger), or which
shall have received the transfer of all or substantially all of
the property and assets of the Company, just as fully and
effectually as if such successor person had been the original
“Company” hereunder. Every such successor person upon
executing an indenture supplemental hereto, as provided in this
Section 12.02, in form satisfactory to the Trustee, shall
succeed to and be substituted for the Company with the same
effect as if it had been named herein as the
“Company”; and any order, certificate, statement,
request, instructions, advice or resolutions of the Board of
Directors or officers of the Company provided for in this
Indenture may be made by like officials of such successor person.

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

     
In the event of any such sale or transfer (other
than a transfer by way of lease), the Company or any successor
person which shall theretofore have become such in the manner
described in this Article shall be discharged from all
obligations and covenants under this Indenture and the
Securities.

     
Subject to the provisions of Section 8.01,
the Trustee may receive an Opinion of Counsel as conclusive
evidence that any such indenture supplemental hereto complies
with the foregoing conditions and provisions of this Section
12.02.

     
This Section 12.02 shall be applicable to
successive consolidations or mergers to which the Company
(including any successor) is a party and to successive sales or
transfers by the Company (including any successor).

ARTICLE THIRTEEN

MISCELLANEOUS PROVISIONS

     
SECTION 13.01.     Successors
and Assigns of Company. All the covenants, stipulations,
promises and agreements contained in this Indenture by or in
behalf of the Company shall bind its successors and assigns,
whether so expressed or not.

     
SECTION 13.02.     Acts
of Board, Committee or Officers of Successor Corporation.
Any act or proceeding by any provision of this Indenture
authorized or required to be done or performed by any board,
committee or officer of the Company shall and may be done and
performed with like force and

44

 

effect by the like board, committee or officer of
any corporation that shall at the time be the lawful successor
of the Company.

     
SECTION 13.03.     Surrender
of Powers by Company. Subject to Section 5.09, the
Company by instrument in writing executed by authority of a
majority of its Board of Directors and delivered to the Trustee
may surrender any of the powers reserved to the Company and
thereupon such power so surrendered shall terminate both as to
the Company and as to any successor corporation.

     
SECTION 13.04.     Required
Notices or Demands May Be Served by Mail. Any notice or
demand which by any provision of this Indenture is required or
permitted to be given or served by the Trustee or by the Holders
of Securities to or on the Company may be given or served by
being deposited postage prepaid in a post-office letterbox
addressed (until another address is filed in writing by the
Company with the Trustee) as follows: Harris Corporation, 1025
W. NASA Boulevard, Melbourne, Florida 32919, Attention:
Corporate Secretary. Any notice, election, request or demand by
any Security Holder to or upon the Trustee shall be deemed to
have been sufficiently given or made, for all purposes, if given
or made at the Corporate Trust Office of the Trustee, which
presently is located at 101 Barclay Street, Floor 8 West, New
York, New York 10286, Attention: Corporate Trust Administration.

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

     
SECTION 13.05.     Payments
Due on Sundays or Holidays. In any case where the date of
maturity of interest or principal of the Securities of any
series or the date of redemption of any Security of any series
shall not be a Business Day, then payment of interest or
principal or premium, if any, may be made on the next succeeding
Business Day or as otherwise provided in the Securities of any
series with the same force and effect as if such payment had
been made or such Security surrendered on the nominal date of
maturity or redemption, and no interest shall accrue for the
period after such nominal date.

     
SECTION 13.06.     Officers’
Certificate and Opinion of Counsel to Be Furnished upon
Applications or Demands by Company. Upon any application or
demand by the Company to the Trustee to take any action under
any of the provisions of this Indenture, the Company shall
furnish to the Trustee an Officers’ Certificate stating
that all conditions precedent (including any covenants
compliance with which constitutes a condition precedent), if
any, provided for in this Indenture relating to the proposed
action have been complied with and an Opinion of Counsel stating
that in the opinion of such counsel all such conditions
precedent (including any covenants compliance with which
constitutes a condition precedent) have been complied with.

     
Each certificate or opinion provided for in this
Indenture and delivered to the Trustee with respect to
compliance with a condition or covenant provided for in this
Indenture (other than annual certificates provided pursuant to
Section 5.13) shall include (a) a statement that the
person making such certificate or opinion has read such covenant
or condition and the definitions relating thereto; (b) a
brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in
such certificate or opinion are based; (c) a statement
that, in the opinion of such 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.

     
Any certificate, statement or opinion of any
officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of or
representations by counsel, unless such officer knows that the
certificate or opinion or representations with respect to the
matters upon which his certificate,

45

 

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

     
Any certificate, statement or opinion of an
officer of the Company or of counsel may be based, insofar as it
relates to accounting matters, upon a certificate or opinion of
or representations by an independent accountant or firm of
independent accountants in the employ of the Company, unless
such officer or counsel, as the case may be, knows that the
certificate or opinion or representations with respect to the
accounting matters upon which his certificate, statement or
opinion may be based as aforesaid are erroneous, or in the
exercise of reasonable care should know that the same are
erroneous.

     
SECTION 13.07.     Provisions
of Trust Indenture Act of 1939 to Control. If and to the
extent that any provision of this Indenture limits, qualifies or
conflicts with a provision of the Trust Indenture Act of 1939
that is required under such Act to be a part of and govern this
Indenture, the latter provision shall control. If any provision
of this Indenture modifies or excludes any provision of the
Trust Indenture Act of 1939 that may be so modified or excluded,
the latter provision shall be deemed to apply to this Indenture
as so modified or to be excluded, as the case may be.

     
SECTION 13.08.     Substituted
Publication or Notice. In case, by reason of the temporary
or permanent suspension of publication of any newspaper, or by
reason of any other cause, it shall be impossible to make
publication of any notice required hereby in a newspaper as
herein provided, then such publication or other notice in lieu
thereof as shall be made with the approval of the Trustee shall
constitute a sufficient publication of such notice. Such
publication or other notice shall, so far as may be, approximate
the terms and conditions of the publication in lieu of which it
is given.

     
SECTION 13.09.     Effect
of Invalidity of Provisions. In case any one or more of the
provisions contained in this Indenture or in the Securities of
any series shall for any reason be held to be invalid, illegal
or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provisions of this
Indenture or of such Securities, but this Indenture and such
Securities shall be construed as if such invalid or illegal or
unenforceable provision had never been contained herein
or therein.

     
SECTION 13.10.     Indenture
to Be Construed in Accordance with New York Law. This
Indenture shall be construed in accordance with and governed by
the laws of the State of New York, without regard to conflict of
law principles.

     
SECTION 13.11.     Incorporators,
Stockholders, Officers and Directors of Company Exempt from
Individual Liability. No recourse under or upon any
obligation, covenant or agreement contained in this Indenture,
or in any Security, or because of any indebtedness evidenced
thereby, shall be had against any incorporator, as such or
against any past, present or future stockholder, officer or
director, as such, of the Company or of any successor, either
directly or through the Company or any successor, under any rule
of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable
proceeding or otherwise, all such liability being expressly
waived and released by the acceptance of the Securities by the
Holders thereof and as part of the consideration for the issue
of the Securities.

     
SECTION 13.12.     Provisions
of Indenture for the Sole Benefit of Parties and Holders of
Securities. Nothing in this Indenture or in the Securities,
expressed or implied, shall give or be construed to give to any
person, other than the parties hereto and their successors and
the Holders of the Securities, any legal or equitable right,
remedy or claim under this Indenture or under any covenant or
provision herein contained, all such covenants and provisions
being for the sole benefit of the parties hereto and their
successors and of the Holders of the Securities.

     
SECTION 13.13.     Indenture
May Be Executed in Counterparts. This Indenture may be
executed in any number of counterparts, each of which shall be
an original; but such counterparts shall together

46

 

constitute but one and the same instrument. The
Bank of New York hereby accepts the trusts in this Indenture
declared and provided, upon the terms and conditions hereinabove
set forth.

     
SECTION 13.14.     Table
of Contents; Headings. The table of contents,
cross-reference sheet and headings of the Articles and Sections
of this Indenture have been inserted for convenience of
reference only, are not intended to be considered a part hereof
and shall not modify or restrict any of the terms or provisions
hereof.

47

 

     
IN WITNESS WHEREOF, the undersigned, being duly
authorized, have executed this Indenture on behalf of the
respective parties hereto as of the date first above written.

		
	 	
    HARRIS CORPORATION
    

			
	 	By: 	
    /s/ HOWARD L. LANCE 

     

    

		
	 	
    Name: Howard L. Lance 

     Title: Chairman, President 

           and Chief Executive Officer
    
	 
	 	
    THE BANK OF NEW YORK
    

			
	 	By: 	
    /s/ MARY LaGUMINA 

     

    

		
	 	
    Name: Mary LaGumina
    
	 	
    Title: Vice President
    

48

 

STATE OF FLORIDA

COUNTY OF BREVARD

     
The foregoing instrument was acknowledged before
me this 2nd day of September, 2003, by Howard L. Lance, by
me personally known, as Chairman, President and Chief Executive
Officer of HARRIS CORPORATION, a Delaware corporation, on behalf
of the corporation.

		
	 	
    (SEAL)
    
	 
	 	
    /s/ Rebecca L. Parman
    
	 	
    

	 
	 	
    

	 	
    Notary Public-State of Florida
    
	 	
    

	 	
    Commission Number: CC 987877
    
	 	
    

STATE OF NEW YORK

COUNTY OF NEW YORK

     
The foregoing instrument was acknowledged before
me this 3rd day of September, 2003, by Mary LaGumina,
by me personally known, as Vice President of THE BANK OF NEW
YORK, a New York banking corporation, on behalf of the
corporation.

		
	 	
    (SEAL)
    
	 	
    

	 
	 
	 	
    /s/ Robert Hirsch
    
	 	
    

	 	
    Notary Public-State of New York
    
	 	
    

	 	
    Commission Number: 01H16076679
    
	 	
    

49EX-4(C) Subordinated Indenture Dated Sept. 3, 2003

 

Exhibit 4(c)

HARRIS CORPORATION

TO

THE BANK OF NEW YORK

AS TRUSTEE

SUBORDINATED INDENTURE

DATED AS OF SEPTEMBER 3, 2003

 

 

HARRIS CORPORATION

     
Cross-Reference Sheet Between Trust Indenture Act
of 1939 and Indenture:

	 	 	 
	Section of		
	Trust Indenture Act		
	of 1939		Indenture Section
	
		

	
    
    310(a) (1)
    

    	 	
    8.09
    
	
    
    310(a) (2)
    

    	 	
    8.09
    
	
    
    310(a) (3)
    

    	 	
    Not applicable
    
	
    
    310(a) (4)
    

    	 	
    Not applicable
    
	
    
    310(a) (5)
    

    	 	
    8.09
    
	
    
    310(b)
    

    	 	
    8.08 and 8.10
    
	
    
    310(c)
    

    	 	
    Not applicable
    
	
    
    311(a)
    

    	 	
    8.13
    
	
    
    311(b)
    

    	 	
    8.13
    
	
    
    311(c)
    

    	 	
    Not applicable
    
	
    
    312(a)
    

    	 	
    6.01 and 6.02(a)
    
	
    
    312(b)
    

    	 	
    6.02(b)
    
	
    
    312(c)
    

    	 	
    6.02(c)
    
	
    
    313(a)
    

    	 	
    6.04(a)
    
	
    
    313(b)
    

    	 	
    6.04(b)
    
	
    
    313(c)
    

    	 	
    6.04(b)
    
	
    
    313(d)
    

    	 	
    6.04(c)
    
	
    
    314(a)
    

    	 	
    5.13 and 6.03
    
	
    
    314(b)
    

    	 	
    Not applicable
    
	
    
    314(c)
    

    	 	
    13.06
    
	
    
    314(d)
    

    	 	
    Not applicable
    
	
    
    314(e)
    

    	 	
    13.06
    
	
    
    314(f)
    

    	 	
    Not applicable
    
	
    
    315(a)
    

    	 	
    8.01
    
	
    
    315(b)
    

    	 	
    7.07
    
	
    
    315(c)
    

    	 	
    8.01
    
	
    
    315(d)
    

    	 	
    8.01
    
	
    
    315(e)
    

    	 	
    7.08
    
	
    
    316(a)
    

    	 	
    7.01, 7.06 and 9.04
    
	
    
    316(b)
    

    	 	
    7.04, 7.06 and 11.02
    
	
    
    316(c)
    

    	 	
    11.02
    
	
    
    317(a)
    

    	 	
    7.02
    
	
    
    317(b)
    

    	 	
    5.08
    
	
    
    318(a)
    

    	 	
    13.07
    

NOTE: The above cross-reference table shall
not, for any purpose, be deemed to be a part of the Indenture.

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
					Page
					

	
    PARTIES
    	 	 	1	 
	
    
    RECITALS:
    

    	 	 	 	 	 	 
	 	 	
    Compliance with Legal Requirements
    	 	 	1	 
	 	 	
    Purpose of and Consideration for
    Subordinated Indenture
    	 	 	1	 
	 
	
    ARTICLE ONE

    

     DEFINITIONS
    
	
    
    SECTION 1.01.
    

    	 	
    Definitions
    	 	 	1	 
	 	 	
    Board of Directors
    	 	 	1	 
	 	 	
    Board Resolution
    	 	 	1	 
	 	 	
    Business Day
    	 	 	1	 
	 	 	
    Company
    	 	 	1	 
	 	 	
    Company Order
    	 	 	1	 
	 	 	
    Corporate Trust Office
    	 	 	2	 
	 	 	
    Depositary
    	 	 	2	 
	 	 	
    Event of Default
    	 	 	2	 
	 	 	
    Exchange Act
    	 	 	2	 
	 	 	
    Global Security
    	 	 	2	 
	 	 	
    Holder, Security Holder
    	 	 	2	 
	 	 	
    Indebtedness
    	 	 	2	 
	 	 	
    Indenture
    	 	 	2	 
	 	 	
    Officers’ Certificate
    	 	 	2	 
	 	 	
    Opinion of Counsel
    	 	 	3	 
	 	 	
    Original Issue Discount Security
    	 	 	3	 
	 	 	
    Outstanding
    	 	 	3	 
	 	 	
    person
    	 	 	3	 
	 	 	
    Principal Property
    	 	 	3	 
	 	 	
    Representative
    	 	 	3	 
	 	 	
    responsible officer
    	 	 	4	 
	 	 	
    Restricted Subsidiary
    	 	 	4	 
	 	 	
    SEC
    	 	 	4	 
	 	 	
    Security or Securities
    	 	 	4	 
	 	 	
    Security Register
    	 	 	4	 
	 	 	
    Security Registrar
    	 	 	4	 
	 	 	
    Senior Indebtedness
    	 	 	4	 
	 	 	
    Subsidiary
    	 	 	5	 
	 	 	
    Trust Indenture Act of 1939
    	 	 	5	 
	 	 	
    Trustee
    	 	 	5	 
	 	 	
    Yield to Maturity
    	 	 	5	 
	
    
    SECTION 1.02.
    

    	 	
    Other Definitions
    	 	 	5	 
	
    
    SECTION 1.03.
    

    	 	
    Incorporation by Reference of Trust Indenture Act
    of 1939
    	 	 	5	 
	
    
    SECTION 1.04.
    

    	 	
    Rules of Construction
    	 	 	6	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

i

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE TWO

    

     SECURITIES
    
	
    
    SECTION 2.01.
    

    	 	
    Forms Generally
    	 	 	6	 
	
    
    SECTION 2.02.
    

    	 	
    Form of Trustee’s Certificate
    	 	 	6	 
	
    
    SECTION 2.03.
    

    	 	
    Amounts Unlimited; Issuable in Series
    	 	 	6	 
	
    
    SECTION 2.04.
    

    	 	
    Authentication and Delivery of Securities
    	 	 	8	 
	
    
    SECTION 2.05.
    

    	 	
    Execution of Securities
    	 	 	9	 
	
    
    SECTION 2.06.
    

    	 	
    Certificate of Authentication
    	 	 	9	 
	
    
    SECTION 2.07.
    

    	 	
    Denomination and Date of Securities; Payments
    of Interest
    	 	 	9	 
	
    
    SECTION 2.08.
    

    	 	
    Registration, Transfer and Exchange
    	 	 	10	 
	
    
    SECTION 2.09.
    

    	 	
    Mutilated, Defaced, Destroyed, Lost and
    Stolen Securities
    	 	 	10	 
	
    
    SECTION 2.10.
    

    	 	
    Cancellation of Securities;
    Destruction Thereof
    	 	 	11	 
	
    
    SECTION 2.11.
    

    	 	
    Temporary Securities
    	 	 	11	 
	
    
    SECTION 2.12.
    

    	 	
    CUSIP Numbers
    	 	 	12	 
	
    
    SECTION 2.13.
    

    	 	
    Book-Entry Provision for Global Securities
    	 	 	12	 
	 
	
    ARTICLE THREE

    

     REDEMPTION OF SECURITIES AND SINKING FUNDS
    
	
    
    SECTION 3.01.
    

    	 	
    Applicability of Article
    	 	 	13	 
	
    
    SECTION 3.02.
    

    	 	
    Notice of Redemption; Partial Redemption
    	 	 	13	 
	
    
    SECTION 3.03.
    

    	 	
    Payment of Securities Called for Redemption
    	 	 	14	 
	
    
    SECTION 3.04.
    

    	 	
    Exclusion of Certain Securities from Eligibility
    for Selection for Redemption
    	 	 	14	 
	
    
    SECTION 3.05.
    

    	 	
    Mandatory and Optional Sinking Funds
    	 	 	14	 
	 
	
    ARTICLE FOUR

    

     SATISFACTION AND DISCHARGE OF INDENTURE;

    DEPOSITED MONEYS AND GOVERNMENT OBLIGATIONS
    
	
    
    SECTION 4.01.
    

    	 	
    Covenant Defeasance of Securities
    	 	 	16	 
	
    
    SECTION 4.02.
    

    	 	
    Satisfaction and Discharge of Indenture
    	 	 	17	 
	
    
    SECTION 4.03.
    

    	 	
    Application of Trust Moneys
    	 	 	17	 
	
    
    SECTION 4.04.
    

    	 	
    Repayment to Company
    	 	 	18	 
	
    
    SECTION 4.05.
    

    	 	
    Reinstatement
    	 	 	18	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

ii

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE FIVE

    

     PARTICULAR COVENANTS OF THE COMPANY
    
	
    
    SECTION 5.01.
    

    	 	
    Payment of Principal of and Interest
    on Securities
    	 	 	18	 
	
    
    SECTION 5.02.
    

    	 	
    Maintenance of Offices and Agencies
    for Securities
    	 	 	19	 
	
    
    SECTION 5.03.
    

    	 	
    Company Not to Extend Time of Payment of Claims
    for Interest
    	 	 	19	 
	
    
    SECTION 5.04.
    

    	 	
    Due Authorization of Securities
    	 	 	19	 
	
    
    SECTION 5.05.
    

    	 	
    Company and Restricted Subsidiaries to
    Maintain Insurance
    	 	 	19	 
	
    
    SECTION 5.06.
    

    	 	
    Payment of Taxes and Governmental Charges;
    Maintenance of Property
    	 	 	20	 
	
    
    SECTION 5.07.
    

    	 	
    Company to Appoint Successor Trustee
    and Agents
    	 	 	20	 
	
    
    SECTION 5.08.
    

    	 	
    Appointment of Paying Agent Other
    Than Trustee
    	 	 	20	 
	
    
    SECTION 5.09.
    

    	 	
    Covenant to Maintain Corporate Existence
    	 	 	21	 
	
    
    SECTION 5.10.
    

    	 	
    Intentionally Omitted
    	 	 	21	 
	
    
    SECTION 5.11.
    

    	 	
    Intentionally Omitted
    	 	 	21	 
	
    
    SECTION 5.12.
    

    	 	
    Covenant of Further Assurances
    	 	 	21	 
	
    
    SECTION 5.13.
    

    	 	
    Officers’ Certificate as to Performance of
    Covenants; Notice of Certain Defaults
    	 	 	21	 
	 
	
    ARTICLE SIX

    

     SECURITY HOLDERS’ LIST AND REPORTS BY THE COMPANY

    AND THE TRUSTEE
    
	
    
    SECTION 6.01.
    

    	 	
    Company to Furnish Trustee Information as to
    Names and Addresses of Security Holders
    	 	 	22	 
	
    
    SECTION 6.02.
    

    	 	
    Trustee to Preserve List of Holders
    	 	 	22	 
	
    
    SECTION 6.03.
    

    	 	
    Company to Furnish Reports to Trustee
    	 	 	23	 
	
    
    SECTION 6.04.
    

    	 	
    Reports by Trustee
    	 	 	24	 
	 
	
    ARTICLE SEVEN

    

     REMEDIES OF THE TRUSTEE AND SECURITY HOLDERS

    UPON EVENT OF DEFAULT
    
	
    
    SECTION 7.01.
    

    	 	
    Events of Default Defined; Acceleration; Waiver
    and Rescission
    	 	 	24	 
	
    
    SECTION 7.02.
    

    	 	
    Covenant to Pay; Collection by Trustee
    	 	 	26	 
	
    
    SECTION 7.03.
    

    	 	
    Application of Moneys Collected by Trustee
    	 	 	27	 
	
    
    SECTION 7.04.
    

    	 	
    Limitation on Suits by Holders of Securities
    	 	 	28	 
	
    
    SECTION 7.05.
    

    	 	
    Delay or Omission in Exercise of Rights Not
    Waiver of Default
    	 	 	28	 
	
    
    SECTION 7.06.
    

    	 	
    Rights of Holders of Majority
    	 	 	28	 
	
    
    SECTION 7.07.
    

    	 	
    Trustee to Give Notice of Defaults Known to It,
    but May Withhold in Certain Circumstances
    	 	 	29	 
	
    
    SECTION 7.08.
    

    	 	
    Requirement of an Undertaking to Pay Costs in
    Certain Suits under Indenture or Against Trustee
    	 	 	29	 
	
    
    SECTION 7.09.
    

    	 	
    Waiver of Stay, Extension or Usury Laws
    	 	 	30	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

iii

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE EIGHT

    

     CONCERNING THE TRUSTEE
    
	
    
    SECTION 8.01.
    

    	 	
    Duties of Trustee Prior to and After Event
    of Default
    	 	 	30	 
	
    
    SECTION 8.02.
    

    	 	
    Rights of Trustee
    	 	 	31	 
	
    
    SECTION 8.03.
    

    	 	
    Trustee not Liable for Recitals in Indenture or
    in Securities
    	 	 	32	 
	
    
    SECTION 8.04.
    

    	 	
    Trustee, Paying Agent or Security Registrar May
    Own Securities
    	 	 	32	 
	
    
    SECTION 8.05.
    

    	 	
    Moneys Received by Trustee to Be Held
    in Trust
    	 	 	32	 
	
    
    SECTION 8.06.
    

    	 	
    Trustee Entitled to Compensation, Reimbursement
    and Indemnity
    	 	 	32	 
	
    
    SECTION 8.07.
    

    	 	
    Right of Trustee to Rely on Certificates of
    Officers of Company
    	 	 	33	 
	
    
    SECTION 8.08.
    

    	 	
    Trustee Acquiring Conflicting Interest
    	 	 	33	 
	
    
    SECTION 8.09.
    

    	 	
    Requirements for Eligibility of Trustee
    	 	 	33	 
	
    
    SECTION 8.10.
    

    	 	
    Replacement of Trustee
    	 	 	33	 
	
    
    SECTION 8.11.
    

    	 	
    Acceptance by Successor to Trustee; Eligibility
    and Qualification of Successor Trustee
    	 	 	34	 
	
    
    SECTION 8.12.
    

    	 	
    Successor to Trustee by Merger, Consolidation or
    Succession to Business
    	 	 	35	 
	
    
    SECTION 8.13.
    

    	 	
    Preferential Collection of Claims Against
    the Company
    	 	 	35	 
	 
	
    ARTICLE NINE

    

     CONCERNING THE SECURITY HOLDERS
    
	
    
    SECTION 9.01.
    

    	 	
    Evidence of Action of Security Holders
    	 	 	35	 
	
    
    SECTION 9.02.
    

    	 	
    Proof of Execution of Instruments and Holding
    of Securities
    	 	 	35	 
	
    
    SECTION 9.03.
    

    	 	
    Who May Be Deemed Owners of Securities
    	 	 	36	 
	
    
    SECTION 9.04.
    

    	 	
    Securities Owned by Company or Controlled or
    Controlling Persons Disregarded for Certain Purposes
    	 	 	36	 
	
    
    SECTION 9.05.
    

    	 	
    Action by Security Holders Binds
    Future Holders
    	 	 	36	 
	 
	
    ARTICLE TEN

    

     SECURITY HOLDERS’ MEETINGS
    
	
    
    SECTION 10.01.
    

    	 	
    Purposes for Which Meetings May Be Called
    	 	 	37	 
	
    
    SECTION 10.02.
    

    	 	
    Manner of Calling Meetings
    	 	 	37	 
	
    
    SECTION 10.03.
    

    	 	
    Call of Meetings by Company or
    Security Holders
    	 	 	37	 
	
    
    SECTION 10.04
    

    	 	
    Who May Attend and Vote at Meetings
    	 	 	37	 
	
    
    SECTION 10.05.
    

    	 	
    Regulations May Be Made by Trustee; Conduct of
    the Meeting; Voting Rights; Adjournment
    	 	 	38	 
	
    
    SECTION 10.06.
    

    	 	
    Manner of Voting at Meetings and Record to
    Be Kept
    	 	 	38	 
	
    
    SECTION 10.07.
    

    	 	
    Exercise of Rights of Trustee or Security Holders
    Not Hindered by Call of Meeting
    	 	 	38	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

iv

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE ELEVEN

    

     SUPPLEMENTAL INDENTURES
    
	
    
    SECTION 11.01.
    

    	 	
    Purposes for Which Supplemental Indenture May Be
    Entered Into Without Consent of Security Holders
    	 	 	39	 
	
    
    SECTION 11.02.
    

    	 	
    Modification of Indenture with Consent
    of Holders
    	 	 	40	 
	
    
    SECTION 11.03.
    

    	 	
    Effect of Supplemental Indentures
    	 	 	41	 
	
    
    SECTION 11.04.
    

    	 	
    Securities May Bear Notation of Changes
    	 	 	41	 
	
    
    SECTION 11.05.
    

    	 	
    Trustee to Sign Amendments, etc. 	 	 	41	 
	
    
    SECTION 11.06.
    

    	 	
    Payment for Consent
    	 	 	41	 
	 
	
    ARTICLE TWELVE

    

     CONSOLIDATION, MERGER OR SALE
    
	
    
    SECTION 12.01.
    

    	 	
    Consolidation, Merger or Sale
    	 	 	41	 
	
    
    SECTION 12.02.
    

    	 	
    Securities and Indenture to Be Assumed by
    Successor on Consolidation, Merger or Sale
    	 	 	42	 
	 
	
    ARTICLE THIRTEEN

    

     MISCELLANEOUS PROVISIONS
    
	
    
    SECTION 13.01.
    

    	 	
    Successors and Assigns of Company
    	 	 	42	 
	
    
    SECTION 13.02.
    

    	 	
    Acts of Board, Committee or Officers of Successor
    Corporation
    	 	 	42	 
	
    
    SECTION 13.03.
    

    	 	
    Surrender of Powers by Company
    	 	 	43	 
	
    
    SECTION 13.04.
    

    	 	
    Required Notices or Demands May Be Served
    by Mail
    	 	 	43	 
	
    
    SECTION 13.05.
    

    	 	
    Payments Due on Sundays or Holidays
    	 	 	43	 
	
    
    SECTION 13.06.
    

    	 	
    Officers’ Certificate and Opinion of Counsel
    to Be Furnished upon Applications or Demands by Company
    	 	 	43	 
	
    
    SECTION 13.07.
    

    	 	
    Provisions of Trust Indenture Act of 1939
    to Control
    	 	 	44	 
	
    
    SECTION 13.08.
    

    	 	
    Substituted Publication or Notice
    	 	 	44	 
	
    
    SECTION 13.09
    

    	 	
    Effect of Invalidity of Provisions
    	 	 	44	 
	
    
    SECTION 13.10.
    

    	 	
    Indenture to Be Construed in Accordance with New
    York Law
    	 	 	44	 
	
    
    SECTION 13.11.
    

    	 	
    Incorporators, Stockholders, Officers and
    Directors of Company Exempt from Individual Liability
    	 	 	44	 
	
    
    SECTION 13.12.
    

    	 	
    Provisions of Indenture for the Sole Benefit of
    Parties and Holders of Securities
    	 	 	44	 
	
    
    SECTION 13.13.
    

    	 	
    Indenture May Be Executed in Counterparts
    	 	 	44	 
	
    
    SECTION 13.14.
    

    	 	
    Table of Contents; Headings
    	 	 	45	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

v

 

	 	 	 	 	 	 	 
					Page
					

	 
	
    ARTICLE FOURTEEN

    

     SUBORDINATION
    
	
    
    SECTION 14.01.
    

    	 	
    Agreement to Subordinate
    	 	 	45	 
	
    
    SECTION 14.02.
    

    	 	
    Liquidation, Dissolution, Bankruptcy
    	 	 	45	 
	
    
    SECTION 14.03.
    

    	 	
    Default on Senior Indebtedness
    	 	 	45	 
	
    
    SECTION 14.04.
    

    	 	
    Acceleration of Payment of Securities
    	 	 	46	 
	
    
    SECTION 14.05.
    

    	 	
    When Distribution Must Be Paid Over
    	 	 	46	 
	
    
    SECTION 14.06.
    

    	 	
    Subrogation
    	 	 	46	 
	
    
    SECTION 14.07.
    

    	 	
    Relative Rights
    	 	 	46	 
	
    
    SECTION 14.08.
    

    	 	
    Subordination May Not Be Impaired by Company
    	 	 	46	 
	
    
    SECTION 14.09.
    

    	 	
    Rights of Trustee and Paying Agent
    	 	 	46	 
	
    
    SECTION 14.10.
    

    	 	
    Distribution or Notice to Representative
    	 	 	47	 
	
    
    SECTION 14.11.
    

    	 	
    Article Fourteen Not to Prevent Events of
    Default or Limit Right to Accelerate
    	 	 	47	 
	
    
    SECTION 14.12.
    

    	 	
    Trust Moneys Not Subordinated
    	 	 	47	 
	
    
    SECTION 14.13.
    

    	 	
    Trustee Entitled to Rely
    	 	 	47	 
	
    
    SECTION 14.14.
    

    	 	
    Trustee to Effectuate Subordination
    	 	 	47	 
	
    
    SECTION 14.15.
    

    	 	
    Trustee Not Fiduciary for Holders of
    Senior Indebtedness
    	 	 	47	 
	
    
    SECTION 14.16.
    

    	 	
    Reliance by Holders of Senior Indebtedness on
    Subordination Provisions
    	 	 	48	 
	
    SIGNATURES
    	 	 	49	 
	
    ACKNOWLEDGMENTS
    	 	 	50	 

 

NOTE: This table of contents shall not, for any
purpose, be deemed to be a part of the Indenture.

vi

 

     
SUBORDINATED INDENTURE, dated as of
September 3, 2003, between HARRIS CORPORATION, a
corporation duly incorporated and existing under the laws of the
State of Delaware (hereinafter sometimes called the
“Company”), and THE BANK OF NEW YORK, a New
York banking corporation (hereinafter sometimes called the
“Trustee”).

     
WHEREAS, the Company is empowered to issue
securities for any of the objects and purposes of the Company;
and

     
WHEREAS, for its lawful corporate purposes, the
Company has duly authorized the issue from time to time of its
unsecured subordinated debentures, notes or other evidences of
indebtedness to be issued in one or more series (hereinafter
referred to as the “Securities”), up to such
principal amount or amounts as may from time to time be
authorized in accordance with the terms of this Indenture; and

     
WHEREAS, all acts and things necessary to make
the Securities, when executed by the Company and authenticated
and delivered by the Trustee as in this Indenture provided, the
valid, binding and legal obligations of the Company, and to
constitute these presents a valid indenture and agreement, have
been done and performed, and the execution of this Indenture and
the issue hereunder of the Securities have in all respects been
duly authorized, and the Company, in the exercise of the legal
right and power in it vested, executes this Indenture and
proposes to make, execute, issue and deliver the Securities;

     
NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     
In consideration of the premises and of the
purchase and acceptance of the Securities by the holders
thereof, the Company covenants and agrees with the Trustee for
the equal and ratable benefit of the respective holders from
time to time of the Securities, as follows:

ARTICLE ONE

DEFINITIONS

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

Board of Directors:

     
The term “Board of Directors”
shall mean the Board of Directors of the Company, the Executive
and Finance Committee thereof, or any other committee of the
Board of Directors duly authorized to act for the Board of
Directors.

Board Resolution:

     
The term “Board Resolution”
shall mean a copy of one or more resolutions, certified by the
secretary or an assistant secretary of the Company to have been
duly adopted by the Board of Directors and to be in full force
and effect, and delivered to the Trustee.

Business Day:

     
The term “Business Day” shall
mean any day, other than a Saturday or Sunday, that is neither a
legal holiday nor a day on which banking institutions are
authorized or required by law or regulation to close in the City
of New York or, with respect to any Securities the place of
payment for which is a city other than the City of New York, in
such other city.

Company:

     
The term “Company” shall mean
Harris Corporation and, subject to the provisions of
Article Twelve, in lieu of or in addition to Harris
Corporation, as the case may be, its successors and assigns.

Company Order:

     
The term “Company Order” shall
mean a written statement, request or order of the Company signed
in its name by the Chairman of the Board, the President or any
Vice President of the Company.

1

 

Corporate Trust Office:

     
The term “Corporate Trust
Office” shall mean the principal office of the Trustee
at which at any time its corporate trust business shall be
administered, which office at the date hereof is located at 101
Barclay Street, Floor 8 West, New York, New York 10286,
Attention: Corporate Trust Administration, 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).

Depositary:

     
The term “Depositary” shall
mean, with respect to the Securities of any series issuable in
the form of one or more Global Securities, the person designated
as Depositary by the Company pursuant to Sections 2.03 and
2.13 until a successor Depositary shall have become such
pursuant to the applicable provisions of this Indenture, and
thereafter “Depositary” shall mean or include
each person who is then a Depositary hereunder, and if at any
time there is more than one such person,
“Depositary” as used with respect to the
Securities of any such series shall mean the Depositary with
respect to the Global Securities of that series.

Event of Default:

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

Exchange Act:

     
The term “Exchange Act” shall
mean the Securities Exchange Act of 1934, as amended.

Global Security:

     
The term “Global Security” shall
mean a security evidencing all or a part of a series of
Securities issued to the Depositary for such series in
accordance with Section 2.13.

Holder, Security Holder:

     
The terms “Holder” and
“Security Holder” or similar terms shall mean
the person in whose name such Security is registered in the
Security Register kept by the Company for that purpose in
accordance with the terms hereof.

Indebtedness:

     
The term “Indebtedness” means,
without duplication, the principal or face amount of
(i) all obligations for borrowed money, (ii) all
obligations evidenced by debentures, notes or other similar
instruments, (iii) all obligations in respect of letters of
credit or bankers acceptances or similar instruments (or
reimbursement obligations with respect thereto), (iv) all
obligations to pay the deferred purchase price of property or
services, except trade accounts payable arising in the ordinary
course of business, (v) all obligations as lessee which are
capitalized in accordance with generally accepted accounting
principles, and (vi) all Indebtedness of others guaranteed
by such person or for which such person is legally responsible
or liable (whether by agreement to purchase indebtedness of, or
to supply funds or to invest in, others).

Indenture:

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

Officers’ Certificate:

     
The term “Officers’
Certificate” shall mean a certificate signed by the
Chairman of the Board or the President or a Vice President and
by the Treasurer or an Assistant Treasurer or the Controller or
the Secretary or an Assistant Secretary of the Company. Each
such certificate shall include the statements provided for in
Section 13.06, if and to the extent required by the
provisions thereof.

2

 

Opinion of Counsel:

     
The term “Opinion of Counsel”
shall mean an opinion in writing signed by legal counsel who
shall be satisfactory to the Trustee, and who may be an employee
of or counsel to the Company. Each such opinion shall include
the statements provided for in Section 13.06, if and to the
extent required by the provisions thereof.

Original Issue Discount Security:

     
The term “Original Issue Discount
Security” shall mean any Security that provides for an
amount less than the principal amount thereof to be due and
payable upon a declaration of acceleration of the maturity
thereof pursuant to Section 7.01.

Outstanding:

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

		
	 	     
    (a) Securities theretofore cancelled by the
    Trustee or delivered to the Trustee for cancellation;
    
	 
	 	     
    (b) Securities for the payment or redemption
    of which moneys in the necessary amount shall have been
    deposited in trust with the Trustee or with any paying agent
    (other than the Company); provided that if such
    Securities are to be redeemed prior to the maturity thereof,
    notice of such redemption shall have been given as in
    Article Three provided, or provision satisfactory to the
    Trustee shall have been made for giving such notice; and
    
	 
	 	     
    (c) Securities in lieu of or in substitution
    for which other Securities shall have been authenticated and
    delivered pursuant to the terms of Section 2.09, unless
    proof satisfactory to the Trustee is presented that any such
    Securities are held by one or more protected purchasers;
    

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

person:

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

Principal Property:

     
The term “Principal Property”
shall mean any manufacturing plant located within the United
States of America (other than its territories or possessions)
and owned or leased by the Company or any Subsidiary, except any
such plant that, in the opinion of the Board of Directors of the
Company, is not of material importance to the business conducted
by the Company and its Subsidiaries, taken as a whole.

Representative:

     
The term “Representative” means
any trustee, agent or representative (if any) for an issue of
Senior Indebtedness.

3

 

Responsible officer:

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

Restricted Subsidiary:

     
The term “Restricted Subsidiary”
shall mean any Subsidiary that owns or leases a Principal
Property.

SEC:

     
The term “SEC” shall mean the
Securities and Exchange Commission.

Security or Securities:

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

Security Register:

     
The term “Security Register”
shall mean the register kept, or caused to be kept, by the
Company with the Security Registrar pursuant to
Section 2.08.

Security Registrar:

     
The term “Security Registrar”
shall mean the office or agency appointed and maintained by the
Company pursuant to Section 5.02.

Senior Indebtedness:

     
The term “Senior Indebtedness”
means:

		
	 	     
    (1) Indebtedness of the Company, whether
    outstanding on the issue date of the Securities of a series or
    thereafter incurred, and
    
	 
	 	     
    (2) accrued and unpaid interest (including
    interest accruing on or after the filing of any petition in
    bankruptcy or for reorganization relating to the Company to the
    extent post-filing interest is allowed in such proceeding) in
    respect of (a) Indebtedness of the Company for money borrowed
    and (b) Indebtedness evidenced by notes, debentures, bonds
    or other similar instruments for the payment of which the
    Company is responsible or liable;
    

unless, in the case of (1) and
(2) above, in the instrument creating or evidencing the
same or pursuant to which the same is outstanding it is provided
that such obligations are not senior or prior in right of
payment to the Securities; provided, however, that Senior
Indebtedness shall not include:

		
	 	     
    (1) any obligation of the Company to any
    Subsidiary of the Company,
    
	 
	 	     
    (2) any liability for federal, state, local
    or other taxes owed or owing by the Company,
    
	 
	 	     
    (3) any accounts payable or other liability
    to trade creditors arising in the ordinary course of business
    (including guarantees thereof or instruments evidencing such
    liabilities),
    
	 
	 	     
    (4) any Indebtedness of the Company (and any
    accrued and unpaid interest in respect thereof) which is
    subordinate or junior in any respect to any other Indebtedness
    or other obligation of the Company, or
    
	 
	 	     
    (5) the Securities.
    

4

 

Subsidiary:

     
The term “Subsidiary” shall mean
any corporation of which the Company, or the Company and one or
more Subsidiaries, or any one or more Subsidiaries, directly or
indirectly own at the time (i) more than fifty percent
(50%) of the outstanding capital stock having under ordinary
circumstances (not dependent upon the happening of a
contingency) voting power in the election of members of the
board of directors, managers or trustees of said corporation,
and (ii) securities having at such time voting power to
elect at least a majority of the members of the board of
directors, managers or trustees of said corporation.

Trust Indenture Act of 1939:

     
The term “Trust Indenture Act of
1939,” subject to the provisions of Sections 11.01
and 11.02, shall mean the Trust Indenture Act of 1939 as in
force at the date of execution of this instrument as originally
executed.

Trustee:

     
The term “Trustee” shall mean
the Trustee under this Indenture for the time being, whether
original or successor.

Yield to Maturity:

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

     
SECTION 1.02.     Other
Definitions.

	 	 	 	 	 
	Term:		Defined in Section:
	
		

	
    
    “Agent Members”
    

    	 	 	2.13	 
	
    
    “applicants”
    

    	 	 	6.02	 
	
    
    “Blockage Notice”
    

    	 	 	14.03	 
	
    
    “defaults”
    

    	 	 	7.07	 
	
    
    “Government Obligations”
    

    	 	 	4.01	 
	
    
    “mandatory sinking fund payment”
    

    	 	 	3.05	 
	
    
    “optional sinking fund payment”
    

    	 	 	3.05	 
	
    
    “pay the Securities”
    

    	 	 	14.03	 
	
    
    “Payment Blockage Period”
    

    	 	 	14.03	 
	
    
    “Payment Default”
    

    	 	 	14.03	 
	
    
    “record date”
    

    	 	 	2.07	 
	
    
    “sinking fund payment date”
    

    	 	 	3.05	 

     
SECTION 1.03.     Incorporation
by Reference of Trust Indenture Act of 1939. Whenever this
Indenture refers to a provision of the Trust Indenture Act of
1939, the provision is incorporated by reference in and made a
part of this Indenture. The following Trust Indenture Act of
1939 terms used in this Indenture have the following meanings:

		
	 	     
    “Commission”
    means the SEC.
    
	 
	 	     
    “indenture
    securities” means the Securities.
    
	 
	 	     
    “indenture
    securityholder” means a Holder or
    Security Holder.
    
	 
	 	     
    “indenture to be
    qualified” means this Indenture.
    
	 
	 	     
    “indenture
    trustee” or
    “institutional trustee” means the Trustee.
    
	 
	 	     
    “obligor”
    on the indenture securities means the Company.
    

     
All other Trust Indenture Act of 1939 terms used
in this Indenture that are defined by the Trust Indenture Act of
1939, defined by Trust Indenture Act of 1939 reference to
another statute, or defined by SEC rule have the meanings
assigned to them by such definitions.

5

 

     
SECTION 1.04.     Rules
of Construction. Unless the context otherwise requires:

		
	 	     
    (1) a term has the meaning assigned to it;
    
	 
	 	     
    (2) an accounting term not otherwise defined
    has the meaning assigned to it in accordance with generally
    accepted accounting principles as in effect in the United States
    from time to time;
    
	 
	 	     
    (3) “or” is not exclusive;
    
	 
	 	     
    (4) “including” means including,
    without limitation; and
    
	 
	 	     
    (5) words in the singular include the
    plural, and words in the plural include the singular.
    

ARTICLE TWO

SECURITIES

     
SECTION 2.01.     Forms
Generally. The Securities of each series shall be
substantially in such form (not inconsistent with this
Indenture) as shall be established by or pursuant to one or more
Board Resolutions (as set forth in a Board Resolution or, to the
extent established pursuant to rather than set forth in a Board
Resolution, an Officers’ Certificate detailing such
establishment) or in one or more indentures supplemental hereto,
in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted
by this Indenture and may have imprinted or otherwise reproduced
thereon such legend or legends or endorsements, not inconsistent
with the provisions of this Indenture, as may be required to
comply with any law or with any rules or regulations pursuant
thereto, or with any rules of any securities exchange or to
conform to general usage, all as may be determined by the
officers executing such Securities as evidenced by their
execution of such Securities.

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

     
SECTION 2.02.     Form
of Trustee’s Certificate. The Trustee’s
certificate of authentication on all Securities shall be in
substantially the following form:

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

		
	 	
    THE BANK OF NEW YORK
    
	 	
    as Trustee
    

			
	 	By: 	

		
	 	
    

	 	
    Authorized Signatory
    

     
SECTION 2.03.     Amounts
Unlimited; Issuable in Series. The aggregate principal
amount of Securities which may be authenticated and delivered
under this Indenture is unlimited.

     
The Securities may be issued in one or more
series, and each such series shall rank equally and pari passu
with all other unsecured and unsubordinated debt of the Company.
All Securities of any one series shall be substantially
identical except as to denomination. There shall be established
in or pursuant to one or more Board Resolutions and set forth in
a Board Resolution or, to the extent established pursuant to
(rather than set forth in) a Board Resolution, in one or more
Officers’ Certificates detailing such establishment, and/or
established in one or more indentures supplemental hereto, prior
to the initial issuance of Securities of any series,

6

 

		
	 	     
    (a) the designation of the Securities of the
    series (which may be part of a series of Securities previously
    issued);
    
	 
	 	     
    (b) any limit upon the aggregate principal
    amount of the Securities of the 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 the series
    pursuant to Section 2.08, 2.09, 2.11, 2.13, 3.03 or 11.04);
    
	 
	 	     
    (c) any date on which the principal of the
    Securities of the series is payable or the method by which any
    such date shall be determined;
    
	 
	 	     
    (d) the rate or rates at which the
    Securities of the series shall bear interest, if any, the date
    or dates from which such interest shall accrue, on which such
    interest shall be payable and on which a record shall be taken
    for the determination of Holders to whom interest is payable
    and/or the method by which such rate or rates or date or dates
    shall be determined;
    
	 
	 	     
    (e) the place or places where the principal
    of, premium, if any, and any interest on Securities of the
    series shall be payable (if other than as provided in
    Section 5.02);
    
	 
	 	     
    (f) the price or prices at which, the period
    or periods within which and the terms and conditions upon which
    Securities of the series may be redeemed, in whole or in part,
    at the option of the Company, pursuant to any sinking fund or
    otherwise;
    
	 
	 	     
    (g) the obligation, if any, of the Company
    to redeem, purchase or repay Securities of the series pursuant
    to any mandatory redemption, sinking fund or analogous
    provisions or at the option of a Holder thereof and the price or
    prices at which and the period or periods within which and any
    terms and conditions upon which Securities of the series shall
    be redeemed, purchased or repaid, in whole or in part, pursuant
    to such obligation;
    
	 
	 	     
    (h) if other than denominations of $1,000 or
    any amount in excess thereof which is an integral multiple of
    $1,000, the denominations in which Securities of the series
    shall be issuable;
    
	 
	 	     
    (i) if other than the principal amount
    thereof, the portion of the principal amount of Securities of
    the series that shall be payable upon declaration of
    acceleration of the maturity thereof;
    
	 
	 	     
    (j) whether the Securities of the series
    will be issuable as Global Securities;
    
	 
	 	     
    (k) whether and under what circumstances the
    Company will pay additional amounts on the Securities of the
    series held by a person who is not a U.S. person in respect of
    any tax, assessment or governmental charge withheld or deducted
    and, if so, whether the Company will have the option to redeem
    such Securities rather than pay such additional amounts;
    
	 
	 	     
    (l) if the Securities of such series are to
    be issuable in definitive form (whether upon original issue or
    upon exchange of a temporary Security or Global Security of such
    series) only upon receipt of certain certificates or other
    documents or satisfaction of other conditions, then the form and
    terms of such certificates, documents or conditions;
    
	 
	 	     
    (m) any trustees, depositaries,
    authenticating or paying agents, transfer agents, calculation
    agent (if any), or registrars or any other agents with respect
    to the Securities of such series;
    
	 
	 	     
    (n) if other than such coin or currency of
    the United States of America as at the time of payment is legal
    tender for payment of public or private debts, the coin or
    currency or currency unit in which payment of principal of,
    premium, if any, and interest on, the Securities of such series
    shall be payable;
    
	 
	 	     
    (o) if the amount of payment of principal
    of, premium, if any, and interest on, the Securities of such
    series may be determined with reference to an index, formula or
    other method, the manner in which such amounts shall be
    determined;
    
	 
	 	     
    (p) whether the Securities of such series
    are subject to defeasance or covenant defeasance, or such other
    means of satisfaction and discharge as may be specified for such
    series;
    

7

 

		
	 	     
    (q) the obligation, if any, of the Company
    to permit or cause the Securities of such series to be converted
    into or exchanged for common stock of the Company or other
    securities or property of the Company and the terms and
    conditions upon which conversion or exchange shall be effected;
    
	 
	 	     
    (r) if convertible or exchangeable, any
    limitations on the ownership or transferability of the
    securities or property into which the Securities of such series
    are convertible or exchangeable;
    
	 
	 	     
    (s) any deletions of, or changes or
    additions to, events of default or covenants with respect to the
    Securities of such series; and
    
	 
	 	     
    (t) any other terms of the series (which
    terms shall not be inconsistent with the provisions of this
    Indenture).
    

     
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 by
or pursuant to such Board Resolution, such Officers’
Certificate or any such indenture supplemental hereto.

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

     
SECTION 2.04.     Authentication
and Delivery of Securities. The Company may deliver
Securities of any series executed by the Company to the Trustee
for authentication together with the applicable documents
referred to below in this Section, and the Trustee shall
thereupon authenticate and deliver such Securities to or upon
the order of the Company (contained in the Company Order
referred to below in this Section) or pursuant to such
procedures acceptable to the Trustee and to such recipients as
may be specified from time to time by a Company Order. The
maturity date, original issue date, interest rate and any other
terms of the Securities of such series shall be determined by or
pursuant to such Company Order and procedures. If provided for
in such procedures, such Company Order may authorize
authentication and delivery pursuant to oral instructions from
the Company or its duly authorized agent, which instructions
shall be promptly confirmed in writing. In authenticating such
Securities and accepting the additional responsibilities under
this Indenture in relation to such Securities the Trustee shall
receive, and (subject to Section 8.01) shall be fully
protected in relying upon:

		
	 	     
    (a) a Company Order requesting such
    authentication and setting forth delivery instructions if the
    Securities are not to be delivered to the Company;
    
	 
	 	     
    (b) any Board Resolution, Officers’
    Certificate or executed supplemental indenture referred to in
    Sections 2.01 and 2.03 by or pursuant to which the forms
    and terms of such Securities were established;
    
	 
	 	     
    (c) an Officers’ Certificate setting
    forth the form or forms and terms of the Securities stating that
    the form or forms and terms of the Securities have been
    established pursuant to Section 2.01 and 2.03 and comply
    with this Indenture, and covering such other matters as the
    Trustee may reasonably request; and
    
	 
	 	     
    (d) At the option of the Company, either an
    Opinion of Counsel, or a letter addressed to the Trustee
    permitting it to rely on an Opinion of Counsel, substantially to
    the effect that:
    

		
	 	     
    (i) the forms of the Securities have been
    duly authorized and established in conformity with the
    provisions of this Indenture;
    
	 
	 	     
    (ii) certain terms of the Securities have
    been established pursuant to a Board Resolution, an
    Officer’s Certificate or a supplemental indenture in
    accordance with this Indenture, and when such other terms as are
    to be established pursuant to procedures set forth in a Company
    Order shall have been established, all such terms will have been
    duly authorized by the Company and will have been established
    inconformity with the provisions of this Indenture; and
    
	 
	 	     
    (iii) when the Securities have been executed
    by the Company and authenticated by the Trustee in accordance
    with the provisions of this Indenture and delivered to and duly
    paid for by
    

8

 

		
	 	
    the purchasers thereof, they will have been duly
    issued under this Indenture and will be valid and legally
    binding obligations of the Company, enforceable in accordance
    with their respective terms, and will be entitled to the
    benefits of this Indenture.
    

     
In rendering such opinions, such counsel may
qualify any opinions as to enforceability by stating that such
enforceability may be limited by bankruptcy, insolvency,
reorganization, liquidation, moratorium and other similar laws
affecting the rights and remedies of creditors and is subject to
general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at
law). Such counsel may rely, as to all matters governed by the
laws of jurisdictions other than the State of New York and the
federal law of the United States, upon opinions of other counsel
(copies of which shall be delivered to the Trustee), who shall
be counsel reasonably satisfactory to the Trustee, in which case
the opinion shall state that such counsel believes he and the
Trustee are entitled so to rely. Such counsel may also state
that, insofar as such opinion involves factual matters, he has
relied, to the extent he deems proper, upon certificates of
officers of the Company and its subsidiaries and certificates of
public officials.

     
The Trustee shall have the right to decline to
authenticate and deliver any Securities under this Section if
the Trustee, being advised by counsel, determines that such
action may not lawfully be taken by the Company or if the
Trustee in good faith by its board of directors or board of
trustees, executive committee, or a trust committee of directors
or trustees or responsible officers shall determine that such
action would expose the Trustee to personal liability to
existing Holders or would affect the Trustee’s own rights,
duties or immunities under the Securities, this Indenture or
otherwise.

     
SECTION 2.05.     Execution
of Securities. The Securities shall be signed on behalf of
the Company by the chairman of its Board of Directors or any
vice chairman of its Board of Directors or its president or any
vice president or its secretary or treasurer. Such signatures
may be the manual or facsimile signatures of the present or any
future such officers. Typographical and other minor errors or
defects in any such reproduction of the seal or any such
signature shall not affect the validity or enforceability of any
Security that has been duly authenticated and delivered by the
Trustee.

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

     
SECTION 2.06.     Certificate
of Authentication. Only such Securities as shall bear
thereon a certificate of authentication substantially in the
form set forth in Section 2.02 hereof, executed by the
Trustee by the manual signature of one of its authorized
representatives, shall be entitled to the benefits of this
Indenture or be valid or obligatory for any purpose. The
execution of such certificate by the Trustee upon any Security
executed by the Company shall be conclusive evidence that the
Security so authenticated has been duly authenticated and
delivered hereunder and that the Holder is entitled to the
benefits of this Indenture.

     
SECTION 2.07.     Denomination
and Date of Securities; Payments of Interest. The Securities
of each series shall be issuable in denominations established as
contemplated by Section 2.03 or, if not so established, in
denominations of $1,000 and any integral multiple of $1,000 in
excess thereof. The Securities of each series shall be numbered,
lettered or otherwise distinguished in such manner or in
accordance with such plan as the officers of the Company
executing the same may determine with the approval of the
Trustee, as evidenced by the execution and authentication
thereof.

     
Each Security shall be dated the date of its
authentication.

     
The person in whose name any Security of any
series is registered at the close of business on any record date
applicable to a particular series with respect to any interest
payment date for such series shall be entitled to receive the
interest, if any, payable on such interest payment date
notwithstanding any transfer or exchange of such Security
subsequent to the record date and prior to such interest payment

9

 

date, except if and to the extent the Company
shall default in the payment of the interest due on such
interest payment date for such series, in which case such
defaulted interest shall be paid to the persons in whose names
Outstanding Securities for such series are registered at the
close of business on a subsequent record date (which shall be
not less than five Business Days prior to the date of payment of
such defaulted interest) established by notice given by mail by
or on behalf of the Company to the Holders of Securities not
less than fifteen days preceding such subsequent record date.
The term “record date” as used with respect to any
interest payment date (except a date for payment of defaulted
interest) for the Securities of any series shall mean the date
specified as such in the terms of the Securities of such series
established as contemplated by Section 2.03, or, if no such
date is so established, the date fifteen calendar days prior to
an interest payment date (whether or not a Business Day).

     
SECTION 2.08.     Registration,
Transfer and Exchange. The Company will keep at each office
or agency to be maintained for the purpose as provided in
Section 5.02 for each series of Securities a register or
registers in which, subject to such reasonable regulations as it
may prescribe, it will provide for the registration of
Securities of such series and the registration of transfer of
Securities of such series. At all reasonable times such register
or registers shall be open for inspection by the Trustee.

     
Upon due presentation for registration of
transfer of any Security of any series at any such office or
agency to be maintained for the purpose as provided in
Section 5.02, the Company shall execute and the Trustee
shall authenticate and deliver in the name of the transferee or
transferees a new Security or Securities of the same series,
maturity date, interest rate and original issue date and other
terms in authorized denominations for a like aggregate principal
amount.

     
At the option of the Holder thereof, Securities
of any series (except a Global Security) may be exchanged for a
Security or Securities of such series having authorized
denominations and an equal aggregate principal amount, upon
surrender of such Securities to be exchanged at the agency of
the Company that shall be maintained for such purpose in
accordance with Section 5.02 and upon payment, if the
Company shall so require, of the charges hereinafter provided.
Whenever any Securities are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Holder making the exchange is
entitled to receive. All Securities surrendered upon any
exchange or registration of transfer provided for in this
Indenture shall be promptly cancelled and disposed of by the
Trustee and the Trustee will deliver a certificate of
disposition thereof to the Company.

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

     
The Company may require payment of a sum
sufficient to cover any tax or other governmental charge that
may be imposed in connection with any exchange or registration
of transfer of Securities. No service charge shall be made for
any such transaction.

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

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

     
SECTION 2.09.     Mutilated,
Defaced, Destroyed, Lost and Stolen Securities. In case any
temporary or definitive Security shall become mutilated, defaced
or be destroyed, lost or stolen, the Company in its discretion
may execute, and upon the written request of any officer of the
Company, the Trustee shall authenticate and deliver a new
Security of the same series, maturity date, interest rate and
original issue date, bearing a number or other distinguishing
symbol not contemporaneously outstanding, in exchange and
substitution for the mutilated or defaced Security, or in lieu
of and in substitution for the Security so

10

 

destroyed, lost or stolen. In every case the
applicant for a substitute Security shall furnish to the Company
and to the Trustee and any agent of the Company or the Trustee
such security or indemnity as may be required by them to
indemnify and defend and to save each of them harmless and, in
every case of destruction, loss or theft, evidence to their
satisfaction of the destruction, loss or theft of such Security
and of the ownership thereof and in the case of mutilation or
defacement shall surrender the Security to the Trustee or such
agent.

     
Upon the issuance of any substitute Security, the
Company may require the payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses
of the Trustee) connected therewith. In case any Security which
has matured or is about to mature or has been called for
redemption in full shall become mutilated or defaced or be
destroyed, lost or stolen, the Company may instead of issuing a
substitute Security, pay or authorize the payment of the same
(without surrender thereof except in the case of a mutilated or
defaced Security), if the applicant for such payment shall
furnish to the Company and to the Trustee and any agent of the
Company or the Trustee such security or indemnity as any of them
may require to save each of them harmless, and, in every case of
destruction, loss or theft, the applicant shall also furnish to
the Company and the Trustee and any agent of the Company or the
Trustee evidence to their satisfaction of the destruction, loss
or theft of such Security and of the ownership thereof.

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

     
SECTION 2.10.     Cancellation
of Securities; Destruction Thereof. All Securities
surrendered for payment, redemption, registration of transfer or
exchange, or for credit against any payment in respect of a
sinking or analogous fund, if surrendered to the Company or any
agent of the Company or the Trustee, shall be delivered to the
Trustee for cancellation or, if surrendered to the Trustee,
shall be cancelled by it; and no Securities shall be issued in
lieu thereof except as expressly permitted by any of the
provisions of this Indenture. The Trustee shall dispose of
cancelled Securities held by it in accordance with its customary
procedures. If the Company shall acquire any of the Securities,
such acquisition shall not operate as a redemption or
satisfaction of the indebtedness represented by such Securities
unless and until the same are delivered to the Trustee or its
agent for cancellation.

     
SECTION 2.11.     Temporary
Securities. Pending the preparation of definitive Securities
for any series, the Company may execute and the Trustee shall
authenticate and deliver temporary Securities for such series
(printed, lithographed, typewritten or otherwise reproduced, in
each case in form satisfactory to the Trustee). Temporary
Securities of any series shall be issuable as Securities of any
authorized denomination, and substantially in the form of the
definitive Securities of such series but with such omissions,
insertions and variations as may be appropriate for temporary
Securities, all as may be determined by the Company with the
concurrence of the Trustee as evidenced by the execution and
authentication thereof. Temporary Securities may contain such
references to any provisions of this Indenture as may be
appropriate. Every temporary Security shall be executed by the
Company and be authenticated by the Trustee upon the same
conditions and in substantially the same manner, and with like
effect, as the definitive Securities. Without unreasonable delay
the Company shall execute and shall furnish definitive
Securities of such series and thereupon temporary Securities of
such series may be surrendered in exchange therefor without
charge at each office or agent to be maintained by the Company
for that purpose pursuant to Section 5.02 and the Trustee
shall authenticate and deliver in exchange for

11

 

such temporary Securities of such series an equal
aggregate principal amount of definitive Securities of the same
series having authorized denominations. Until so exchanged, the
temporary Securities of any series shall be entitled to the same
benefits under this Indenture as definitive Securities of such
series, unless otherwise established pursuant to
Section 2.03.

     
SECTION 2.12.     CUSIP
Numbers. The Company may issue the Securities of any series
with one or more “CUSIP,” “ISIN” and
“CINS” numbers (if then generally in use), and, if so,
the Trustee shall use “CUSIP,” “ISIN” and
“CINS” numbers in notices of redemption as a
convenience to Holders of the Securities of such series;
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 of such series or as
contained in any notice of a redemption and that reliance may be
placed only on the other identification numbers printed on the
Securities of such series, and any such redemption shall not be
affected by any defect in or omission of such numbers. The
Company will promptly notify the Trustee of any change in the
“CUSIP,” “ISIN” and “CINS” numbers
of the Securities of any series.

     
SECTION 2.13. Book-Entry Provisions for
Global Securities.

     
(a) Any Global Security of a series
initially shall (i) be registered in the name of the
Depositary, who shall be The Depository Trust Company or as
otherwise identified in or pursuant to the Board Resolution
authorizing the issuance of such series of Securities or the
nominee of such Depositary, (ii) be delivered to the Trustee as
custodian for such Depositary and (iii) bear any required
legends.

     
Members of, or participants in, the Depositary
(“Agent Members”) shall have no rights under
this Indenture with respect to any Global Security held on their
behalf by the Depositary, or the Trustee as its custodian, or
under the Global Security, and the Depositary may be treated by
the Company, the Trustee and any agent of the Company or the
Trustee as the absolute owner of the Global Security for all
purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee or any agent of
the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the
Depositary or impair, as between the Depositary and its Agent
Members, the operation of customary practices governing the
exercise of the rights of a Holder of any Security.

     
(b) Transfers of any Global Security shall
be limited to transfers in whole, but not in part, to the
Depositary, its successors or their respective nominees.
Interests of beneficial owners in the Global Security may be
transferred or exchanged for definitive Securities in accordance
with the rules and procedures of the Depositary. Definitive
Securities shall be transferred to all beneficial owners in
exchange for their beneficial interests in a Global Security
only if (i) the Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for the Global
Security, or the Depositary has ceased to be a “clearing
agency” registered under the Exchange Act, and a successor
depositary is not appointed by the Company within 90 days
of such notice, (ii) the Company in its sole discretion
elects not to have the Securities represented by a Global
Security and to cause the issuance of definitive Securities or
(iii) an Event of Default has occurred and is continuing.

     
(c) In connection with any transfer or
exchange of a portion of the beneficial interest in any Global
Security to beneficial owners pursuant to paragraph (b), the
Security Registrar shall (if one or more definitive Securities
are to be issued) reflect on the Security Register the date and
a decrease in the principal amount of the Global Security in an
amount equal to the principal amount of the beneficial interest
in the Global Security to be transferred, and the Company shall
execute, and the Trustee shall authenticate and deliver, one or
more definitive Securities of like tenor and amount.

     
(d) In connection with the transfer of an
entire Global Security to beneficial owners pursuant to
paragraph (b), the Global Security shall be deemed to be
surrendered to the Trustee for cancellation, and the Company
shall execute, and the Trustee shall authenticate and deliver,
to each beneficial owner identified by the Depositary in
exchange for its beneficial interest in the Global Security, an
equal aggregate principal amount of definitive Securities of
authorized denominations.

12

 

     
(e) The Holder of any Global Security may
grant proxies and otherwise authorize any person, including
Agent Members and persons that may hold interests through Agent
Members, to take any action which a Holder is entitled to take
under this Indenture or the Securities of such series.

ARTICLE THREE

REDEMPTION OF SECURITIES AND SINKING FUNDS

     
SECTION 3.01.     Applicability
of Article. The provisions of this Article shall be
applicable to the Securities of any series which are redeemable
before their maturity or to any sinking fund for the retirement
of Securities of a series except as otherwise specified as
contemplated by Section 2.03 for Securities of such series.

     
SECTION 3.02.     Notice
of Redemption; Partial Redemption. Notice of redemption to
the Holders of Securities of any series to be redeemed as a
whole or in part at the option of the Company shall be given by
mailing notice of such redemption by first class mail, postage
prepaid, at least thirty days and not more than sixty days prior
to the date fixed for redemption to such Holders of Securities
of such series at their last addresses as they shall appear upon
the Security Register. Any notice which is mailed in the manner
herein provided shall be conclusively presumed to have been duly
given, whether or not the Holder receives the notice. Failure to
give notice by mail, or any defect in the notice, to the Holder
of any Security of a series designated for redemption as a whole
or in part shall not affect the validity of the proceedings for
the redemption of any other Security of such series.

     
The notice of redemption to each such Holder
shall specify the principal amount of each Security of such
series held by such Holder to be redeemed, the date fixed for
redemption, the redemption price, the place or places of
payment, the name and address of the paying agent, that payment
will be made upon presentation and surrender of such Securities,
the provision of the Securities of such series permitting or
requiring the redemption, that interest accrued to the date
fixed for redemption will be paid as specified in such notice
and that on and after said date interest thereon or on the
portions thereof to be redeemed will cease to accrue. In case
any Security of a series is to be redeemed in part only, the
notice of redemption shall state the portion of the principal
amount thereof to be redeemed and shall state that on and after
the date fixed for redemption, upon surrender of such Security,
a new Security or Securities of such series in principal amount
equal to the unredeemed portion thereof will be issued.

     
The notice of redemption of Securities of any
series to be redeemed at the option of the Company shall be
given by the Company or, at the Company’s request, by the
Trustee in the name and at the expense of the Company.

     
On or before the redemption date specified in the
notice of redemption given as provided in this Section, the
Company will deposit with the Trustee or with one or more paying
agents (or, if the Company is acting as its own paying agent,
set aside, segregate and hold in trust as provided in
Section 5.08) an amount of money sufficient to redeem on
the date fixed for redemption all the Securities of such series
so called for redemption at the appropriate redemption price,
together with accrued interest to the date fixed for redemption.
If less than all the Outstanding Securities of a series are to
be redeemed at the election of the Company, the Company will
deliver to the Trustee at least sixty days prior to the date
fixed for redemption an Officers’ Certificate stating the
aggregate principal amount of Securities to be redeemed. In case
of a redemption at the election of the Company prior to the
expiration of any restriction on such redemption, the Company
shall deliver to the Trustee, prior to the giving of any notice
of redemption to Holders pursuant to this Section, an
Officers’ Certificate stating that such restriction has
been complied with.

     
If less than all the Securities of a series are
to be redeemed, the Trustee shall select, in such manner that
complies with applicable legal and securities exchange
requirements, if any, and that the Trustee shall deem
appropriate and fair, which may include selection pro rata or by
lot, Securities of such series to be redeemed in whole or in
part. Securities may be redeemed in part in multiples equal to
the minimum authorized denomination for Securities of such
series or any multiple thereof. The Trustee shall promptly
notify the Company in writing of the Securities of such series
selected for redemption and, in the case of

13

 

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

     
SECTION 3.03.     Payment
of Securities Called for Redemption. If notice of redemption
has been given as above provided, the Securities or portions of
Securities specified in such notice shall become due and payable
on the date and at the place stated in such notice at the
applicable redemption price, together with interest accrued to
the date fixed for redemption, and on and after said date
(unless the Company shall default in the payment of such
Securities at the redemption price, together with interest
accrued to said date) interest on the Securities or portions of
Securities so called for redemption shall cease to accrue, and,
except as provided in Section 4.03, such Securities shall
cease from and after the date fixed for redemption to be
entitled to any benefit or security under this Indenture, and
the Holders thereof shall have no right in respect of such
Securities except the right to receive the redemption price
thereof and unpaid interest to the date fixed for redemption. On
presentation and surrender of such Securities at a place of
payment specified in said notice, said Securities or the
specified portions thereof shall be paid and redeemed by the
Company at the applicable redemption price, together with
interest accrued thereon to the date fixed for redemption;
provided that payment of interest becoming due on or
prior to the date fixed for redemption shall be payable to the
Holders of such Securities registered as such on the relevant
record date subject to the terms and provisions of Section 2.03
and 2.07 hereof.

     
If any Security called for redemption shall not
be so paid upon surrender thereof for redemption, the principal
shall, until paid or duly provided for, bear interest from the
date fixed for redemption at the rate of interest thereafter
borne from time to time by such Security.

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

     
SECTION 3.04.     Exclusion
of Certain Securities from Eligibility for Selection for
Redemption. Securities shall be excluded from eligibility
for selection for redemption if they are identified by
registration and certificate number in an Officers’
Certificate delivered to the Trustee at least forty days prior
to the last date on which notice of redemption may be given as
being owned of record and beneficially by, and not pledged or
hypothecated by, either (a) the Company or (b) an
entity specifically identified in such written statement as
directly or indirectly controlling or controlled by or under
direct or indirect common control with the Company.

     
SECTION 3.05.     Mandatory
and Optional Sinking Funds. The minimum amount of any
sinking fund payment provided for by the terms of the Securities
of any series is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of
such minimum amount provided for by the terms of the Securities
of any series is herein referred to as an “optional
sinking fund payment.” The date on which a sinking fund
payment is to be made is herein referred to as the
“sinking fund payment date.”

     
In lieu of making all or any part of any
mandatory sinking fund payment with respect to any series of
Securities in cash, the Company may at its option
(a) deliver to the Trustee Securities of such series
theretofore purchased or otherwise acquired (except upon
redemption pursuant to the mandatory sinking fund) by the
Company or receive credit for Securities of such series (not
previously so credited) theretofore purchased or otherwise
acquired (except as aforesaid) by the Company and delivered to
the Trustee for cancellation pursuant to Section 2.10,
(b) receive credit for optional sinking fund payments (not
previously so credited) made pursuant to this Section, or
(c) receive credit for Securities of such series (not
previously so credited) redeemed by the Company through any
optional redemption provision contained in the terms of such
series or this Indenture. Securities so delivered or credited
shall be received or credited by the Trustee at the sinking fund
redemption price specified in such Securities.

     
On or before the sixtieth day next preceding each
sinking fund payment date for any series, the Company will
deliver to the Trustee an Officers’ Certificate (which need
not contain the statements

14

 

required by Section 13.06)
(a) specifying the portion of the mandatory sinking fund
payment to be satisfied by payment of cash and the portion to be
satisfied by credit of Securities of such series and the basis
for such credit, (b) stating that none of the Securities of
such series has theretofore been so credited, (c) stating
that no defaults in the payment of interest or Events of Default
with respect to such series have occurred (which have not been
waived or cured) and are continuing and (d) stating whether
or not the Company intends to exercise its right to make an
optional sinking fund payment with respect to such series and,
if so, specifying the amount of such optional sinking fund
payment which the Company intends to pay on or before the next
succeeding sinking fund payment date. Any Securities of such
series to be credited and required to be delivered to the
Trustee in order for the Company to be entitled to credit
therefor as aforesaid which have not theretofore been delivered
to the Trustee shall be delivered for cancellation pursuant to
Section 2.10 to the Trustee with such Officers’
Certificate (or reasonably promptly thereafter if acceptable to
the Trustee). Such Officers’ Certificate shall be
irrevocable and upon its receipt by the Trustee the Company
shall become unconditionally obligated to make all the cash
payments or payments therein referred to, if any, on or before
the next succeeding sinking fund payment date. Failure of the
Company, on or before any such sixtieth day, to deliver such
Officers’ Certificate and Securities specified in this
paragraph, if any, shall not constitute a default but shall
constitute, on and as of such date, the irrevocable election of
the Company (a) that the mandatory sinking fund payment for such
series due on the next succeeding sinking fund payment date
shall be paid entirely in cash without the option to deliver or
credit Securities of such series in respect thereof and
(b) that the Company will make no optional sinking fund
payment with respect to such series as provided in this Section.

     
If the sinking fund payment or payments
(mandatory or optional or both) to be made in cash on the next
succeeding sinking fund payment date plus any unused balance of
any preceding sinking fund payments made in cash shall exceed
$50,000 with respect to the Securities of any particular series,
such cash shall be applied on the next succeeding sinking fund
payment date to the redemption of Securities of such series at
the sinking fund redemption price together with accrued interest
to the date fixed for redemption. If such amount shall be
$50,000 or less and the Company makes no such request, then it
shall be carried over until a sum in excess of $50,000 is
available. The Trustee shall select, in the manner provided in
Section 3.02, for redemption on such sinking fund payment
date a sufficient principal amount of Securities of such series
to absorb said cash, as nearly as may be, and shall (if
requested in writing by the Company) inform the Company of the
serial numbers of the Securities of such series (or portions
thereof) so selected.

     
Securities shall be excluded from eligibility for
redemption under this Section if they are identified by
registration and certificate number in an Officers’
Certificate delivered to the Trustee at least sixty days prior
to the sinking fund payment date as being owned of record and
beneficially by, and not pledged or hypothecated by, either
(a) the Company or (b) an entity specifically
identified in such Officers’ Certificate as directly or
indirectly controlling or controlled by or under direct or
indirect common control with the Company.

     
The Trustee, in the name and at the expense of
the Company (or the Company, if it shall so request the Trustee
in writing), shall cause notice of redemption of the Securities
of such series to be given in substantially the manner provided
in Section 3.02 (and with the effect provided in
Section 3.03) for the redemption of Securities of such
series in part at the option of the Company. The amount of any
sinking fund payments not so applied or allocated to the
redemption of Securities of such series shall be added to the
next cash sinking fund payment for such series and, together
with such payment, shall be applied in accordance with the
provisions of this Section. Any and all sinking fund moneys held
on the stated maturity date of the Securities of any particular
series (or earlier, if such maturity is accelerated) which are
not held for the payment or redemption of particular Securities
of such series shall be applied, together with other moneys, if
necessary, sufficient for the purpose, to the payment of the
principal of and interest on, the Securities of such series at
maturity.

     
On or before each sinking fund payment date, the
Company shall pay to the Trustee in cash or shall otherwise
provide for the payment of all principal and interest accrued to
the date fixed for redemption on Securities to be redeemed on
such sinking fund payment date.

15

 

     
The Trustee shall not redeem or cause to be
redeemed any Securities of a series with sinking fund moneys or
mail any notice of redemption of Securities for such series by
operation of the sinking fund during the continuance of a
default in payment of interest on such Securities or of any
Event of Default except that, where the mailing of notice of
redemption of any Securities shall theretofore have been made,
the Trustee shall redeem or cause to be redeemed such
Securities, provided that it shall have received from the
Company a sum sufficient for such redemption. Except as
aforesaid, any moneys in the sinking fund for such series at the
time when any such default or Event of Default shall occur, and
any moneys thereafter paid into the sinking fund, shall, during
the continuance of such default or Event of Default, be deemed
to have been collected under Article Seven and held for the
payment of all such Securities. In case such Event of Default
shall have been waived as provided in Section 7.01 or 7.06
or the default cured on or before the sixtieth day preceding the
sinking fund payment date in any year, such moneys shall
thereafter be applied on the next succeeding sinking fund
payment date in accordance with this Section to the redemption
of such Securities.

ARTICLE FOUR

SATISFACTION AND DISCHARGE OF INDENTURE;

DEPOSITED MONEYS AND GOVERNMENT OBLIGATIONS

     
SECTION 4.01.     Covenant
Defeasance of Securities. (a) Subject to Section
4.01(b), the Company may at any time terminate (1) its
obligations with respect to any series of Securities under
Sections 5.05 and 5.06 and the operation of
Section 7.01(c) (but only as to failure to comply with
Sections 5.05 and 5.06) and (2) its obligations under
any provision applicable to such series set forth in the Board
Resolution or Officers’ Certificate establishing the terms
of such series (provided that in the case of any provision set
forth in a Board Resolution or Officers’ Certificate, such
Board Resolution or Officers’ Certificate specifies that
such provision is subject to this Section 4.01).

     
(b) The Company may exercise its covenant
defeasance option under this Section 4.01 with respect to a
series of Securities only if:

		
	 	     
    (i) the Company irrevocably deposits in
    trust with the Trustee, pursuant to an irrevocable trust
    agreement in form and substance reasonably satisfactory to the
    Trustee, money or direct non-callable obligations of, or
    non-callable obligations guaranteed by, the United States of
    America for the payment of which obligation or guarantee the
    full faith and credit of the United States of America is pledged
    (“Government Obligations”), or a combination of
    money and Government Obligations, maturing as to principal and
    interest in such amounts and at such times as are sufficient,
    without consideration of the reinvestment of such interest and
    after payment of all federal, state and local taxes or other
    charges or assessments in respect thereof payable by the
    Trustee, in the opinion of a nationally recognized firm of
    independent public accountants expressed in a written
    certification thereof delivered in form and substance reasonably
    satisfactory to the Trustee, to pay the principal of and the
    interest on the Outstanding Securities of such series on the
    dates on which any such payments are due and payable in
    accordance with the terms of this Indenture and such Securities
    (or, in the event such Securities are to be called for
    redemption within one year under arrangements satisfactory to
    the Trustee for the giving of notice of redemption by the
    Trustee in the name and at the expense of the Company, to pay
    such principal and interest until the date fixed for redemption,
    in which case the funds deposited in trust shall also be
    sufficient to pay any premium due upon redemption);
    
	 
	 	     
    (ii) such deposits shall not cause the
    Trustee to have a conflicting interest as defined in and for
    purposes of the Trust Indenture Act of 1939;
    
	 
	 	     
    (iii) no Event of Default with respect to
    such series shall have occurred and be continuing on the date of
    such deposit or shall occur on or before the 91st day after the
    date of such deposit;
    

16

 

		
	 	     
    (iv) such deposit will not result in a
    breach or violation of, or constitute a default under, this
    Indenture or any other instrument to which the Company is a
    party or by which it or its property is bound;
    
	 
	 	     
    (v) the Company shall deliver to the Trustee
    an Opinion of Counsel stating (i) that the Holders of the
    Outstanding Securities of such series will not recognize income,
    gain or loss for federal income tax purposes as a result of such
    deposit and discharge and will be subject to federal income tax
    on the same amounts, in the same manner and at the same times as
    would have been the case if such deposit and discharge had not
    occurred, and (ii) that after the passage of 90 days
    (or such other period of time as then required by the
    non-insider preference provisions of any applicable federal
    bankruptcy laws) following the deposit, and provided that
    neither the Trustee nor the Holders are “insiders” as
    defined in Title 11 of the United States Code, the trust funds
    will not be subject to recovery under Section 547(b) of
    Title 11 of the United States Code, and (iii) that there
    would not occur any violation of the Investment Company Act of
    1940, as amended, on the part of the Company or the Trustee as a
    result of such deposit and the related exercise of the
    Company’s rights under this Section 4.01;
    
	 
	 	     
    (vi) the Holders of the Securities of such
    series shall have a first priority perfected security interest
    under applicable state law in the money or Government
    Obligations deposited pursuant to Section 4.01(b)(i); and
    
	 
	 	     
    (vii) the Company has delivered to the
    Trustee an Officers’ Certificate and an Opinion of Counsel,
    each stating that all conditions precedent specified herein
    relating to the defeasance of the Securities of such series
    contemplated by this Section 4.01 (other than the priority
    of the security interest referred to in Section 4.01(b)(vi)
    above) have been complied with.
    

     
In the event all or any portion of the Securities
of a series are to be redeemed through such irrevocable trust,
the Company must make arrangements satisfactory to the Trustee,
at the time of such deposit, for the giving of the notice of
such redemption or redemptions by the Trustee in the name and at
the expense of the Company.

     
SECTION 4.02.     Satisfaction
and Discharge of Indenture. This Indenture shall cease to be
of further effect with respect to the Securities of any series
Outstanding hereunder, and the Trustee, on demand of and at the
expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture, when:

		
	 	     
    (a) all Securities of such series
    theretofore authenticated and delivered (other than
    (i) Securities which have been destroyed, lost or stolen
    and which have been replaced or paid as provided in
    Section 2.09 and (ii) Securities for whose payment
    money has theretofore been deposited in trust or segregated and
    held in trust by the Company and thereafter repaid to the
    Company or discharged from such trust, as provided in
    Section 4.04) have been delivered to the Trustee for
    cancellation;
    
	 
	 	     
    (b) the Company has paid or caused to be
    paid all other sums payable hereunder by the Company with
    respect to such Securities of such series; and
    
	 
	 	     
    (c) the Company has delivered to the Trustee
    an Officers’ Certificate and an Opinion of Counsel, each
    stating that the conditions precedent herein provided for
    relating to the satisfaction and discharge of this Indenture
    with respect to such series have been complied with.
    

     
Notwithstanding the satisfaction and discharge of
this Indenture with respect to such series, the obligations of
the Company to the Trustee under Section 8.06 with respect
to such series shall survive such satisfaction and discharge.

     
SECTION 4.03.     Application
of Trust Moneys. Subject to the provisions of
Section 4.04, all money or Government Obligations deposited
with the Trustee pursuant to Section 4.01 shall be held in
trust and applied by it, in accordance with the provisions of
the Securities of the applicable series, this Indenture and, in
the case of Section 4.01, such irrevocable trust agreement,
to the payment, either directly or through any paying agent
(including the Company acting as its own paying agent) as the
Trustee may

17

 

determine, to the persons entitled thereto, of
the principal, premium, if any, and interest for whose payment
such money has been deposited with the Trustee. The money or
Government Obligations so held in trust under Section 4.01
shall not be part of the trust estate under this Indenture but
shall constitute a separate trust fund for the benefit of all
Holders of Securities of the particular series entitled thereto.
Money and Securities so held in trust are not subject to
Article Fourteen.

     
SECTION 4.04.     Repayment
to Company. Upon termination of the trust established
pursuant to Section 4.01, the Trustee and the paying agent
shall promptly pay to the Company upon request any excess money
held by them. The Trustee and the paying agent shall pay to the
Company upon request and, if applicable, in accordance with the
irrevocable trust established pursuant to Section 4.01 any
money or Government Obligations held by them for the payment of
principal of, premium, if any, or interest on any particular
series of Securities that remains unclaimed for two years;
provided, however, that the Trustee or such paying agent,
before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a
newspaper of general circulation in the Borough of Manhattan,
the City and State of New York, or mail to the Holder of any
such Security, or both, notice that such money remains unclaimed
and that, after a date specified therein, which date shall not
be less than thirty days from the date of such publication or
mailing, any unclaimed balance of such money then remaining will
be repaid to the Company. After payment to the Company, Security
Holders entitled to such payment of principal, premium, if any,
and interest must look to the Company for payment as general
creditors unless an applicable abandoned property law designates
another person.

     
SECTION 4.05. Reinstatement. If the
Trustee or any paying agent is unable to apply any money or
Government Obligations in accordance with Section 4.03 by reason
of any legal proceeding or by reason of any order or judgment of
any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, or by reason of
Government Obligations not paying principal and interest in such
amounts and at such times as are sufficient to pay the principal
of, premium, if any, and interest on the Securities of the
particular series in accordance with the terms of this
Indenture, the Company’s obligations under this Indenture
with respect to such Securities shall be revived and reinstated
as though no deposit had occurred pursuant to Section 4.01 until
such time as the Trustee or any paying agent is permitted to
apply all such money or Government Obligations in accordance
with Section 4.03; provided, however, that if the
Company has made any payment of interest (and premium, if any)
on, or principal of, such series of Securities because of the
reinstatement of its obligations hereunder, the Company shall be
subrogated to the rights of the Holders of such series of
Securities to receive such payment from the money or Government
Obligations held by the Trustee or such paying agent for such
purpose.

ARTICLE FIVE

PARTICULAR COVENANTS OF THE COMPANY

     
The Company covenants and agrees as follows:

     
SECTION 5.01.     Payment
of Principal of and Interest on Securities. For the benefit
of each series of Securities, the Company will duly and
punctually pay, or cause to be paid, the principal of, premium,
if any, and interest on each and every Security of such series
(together with any additional amounts payable pursuant to the
terms of such Securities) at the respective times and places and
in the manner mentioned in such Securities and in this
Indenture. The interest upon Global Securities shall be paid by
wire transfer of immediately available funds to the Depositary
for such Global Securities. The interest on Securities in
definitive registered form, other than interest payable at
maturity (or on the date of redemption if the Security is
redeemed by the Company prior to maturity), will be paid by
check mailed to the address of the person entitled thereto as
shown on the Security Register. Payments of principal and
interest at maturity or upon redemption will be made in
immediately available funds against presentation and surrender
of the Security. Notwithstanding the foregoing, a Holder of
$10,000,000 or more in aggregate principal amount of Securities
in definitive registered form shall be entitled to receive
payments of interest by wire transfer of immediately available
funds upon written request to the Trustee or the paying agent as
provided in the form of Security. When and as paid, all
Securities shall be cancelled by the Trustee in the manner
provided in Section 2.10.

18

 

     
SECTION 5.02.     Maintenance
of Offices and Agencies for Securities. In the event
Securities are issued in definitive registered form, at all
times until the payment of the principal of such Securities, the
Company will maintain an office or agency in the Borough of
Manhattan, the City and State of New York, where such Securities
may be presented for transfer and exchange as in this Indenture
provided, where such Securities may be presented for payment,
and where notices or demands in respect of such Securities or of
this Indenture may be served. In case the Company shall at any
time not maintain such office or agency, or shall fail to give
notice to the Trustee of any change in the location thereof,
presentation and demand may be made and notice may be served, in
respect of the Securities or of this Indenture, at the Corporate
Trust Office of the Trustee.

     
In addition to such office or agency, the Company
may from time to time designate one or more other offices or
agencies where the Securities may be presented for any or all of
the purposes specified above in this Section and may constitute
and appoint one or more paying agents for the payment of such
Securities in one or more other cities, and may from time to
time rescind such designations and appointments, as the Company
may deem desirable or expedient; provided, however, that
no such designation, appointment or rescission shall in any
manner relieve the Company of its obligation to maintain such
office and agency in the said Borough of Manhattan, when and for
the purposes above mentioned.

     
The Company shall enter into an appropriate
agency agreement with any Security Registrar, paying agent,
calculation agent, transfer agent or any other agent not a party
to this Indenture, which shall incorporate the terms of the
Trust Indenture Act of 1939. The agreement shall implement the
provisions of this Indenture that relate to such agent. The
Company shall notify the Trustee of the name and address of any
such agent.

     
Subject to the provisions of Section 8.01,
the Trustee shall not be liable or responsible for the
application of any funds transmitted to or held by any paying
agent (other than itself) for the purpose of paying Securities;
and in the event that funds so transmitted to or held by any
such paying agent for such purpose shall not be applied to such
purpose, the Company covenants and agrees to furnish the Trustee
or a paying agent with funds to be applied to the payment of
Securities equal to such funds not so applied by such other
paying agent.

     
SECTION 5.03.     Company
Not to Extend Time of Payment of Claims for Interest. The
Company will not, directly or indirectly, extend or assent to
the extension of the time for the payment of any claim for
interest on any of the Securities, and will not, directly or
indirectly, be a party to or approve of any such arrangement in
any manner; provided, however, that this Section 5.03
shall not apply in any case where an extension shall be pursuant
to a plan proposed by the Company to the Holders of all the
Securities of a series then Outstanding.

     
SECTION 5.04.     Due
Authorization of Securities. The Company covenants and
warrants that it is duly authorized under the laws of the State
of Delaware, and under all other applicable provisions of law,
to create and issue the Securities evidencing its indebtedness
and to execute this Indenture, that all corporate action on its
part for the creation and issue of the Securities and the
execution of this Indenture has been duly and effectively taken,
and that the Securities, when issued, will be valid and binding
obligations of the Company and entitled to the benefits of this
Indenture.

     
SECTION 5.05.     Company
and Restricted Subsidiaries to Maintain Insurance. So long
as any of the Securities shall be outstanding, the Company will
insure and keep insured, and will cause each Restricted
Subsidiary to insure and keep insured, with reputable insurance
companies, so much of their respective properties, to such an
extent and against such risks (including fire), as companies
engaged in similar businesses customarily insure properties of a
similar character; or, in lieu thereof, in the case of itself or
of any one or more of its Restricted Subsidiaries, the Company
will maintain or cause to be maintained a system or systems of
self-insurance which will accord with the approved practices of
companies owning or operating properties of a similar character
and maintaining such systems, and, in such cases of
self-insurance, will cause to be maintained an insurance reserve
or reserves in adequate amounts.

19

 

     
SECTION 5.06.     Payment
of Taxes and Governmental Charges; Maintenance of Property.
So long as any of the Securities shall be outstanding, the
Company will, and will cause each Restricted Subsidiary to,

		
	 	     
    (a) promptly pay and discharge or cause to
    be paid and discharged all taxes, assessments and governmental
    charges or levies lawfully imposed upon it or upon its income or
    profits or upon any of its property, real or personal, or upon
    any part thereof, as well as all claims for labor, materials and
    supplies which, if unpaid, might by law become a lien or charge
    upon its property; provided, however, that neither the
    Company nor any Restricted Subsidiary shall be required to pay
    any such tax, assessment, charge, levy or claim if the validity
    thereof shall currently be contested in good faith by
    appropriate proceedings and if the Company or such Restricted
    Subsidiary, as the case may be, shall have set aside on its
    books reserves deemed by it to be adequate with respect thereto;
    and provided further that the Company shall not be
    obligated hereunder to pay or cause to be paid any such taxes,
    assessments or charges, if, in the opinion of the Board of
    Directors, payment of the same shall be no longer advantageous
    to the Company or such Restricted Subsidiary in the conduct of
    its business; and
    
	 
	 	     
    (b) maintain and keep its properties and
    every part thereof in good repair, working order and condition,
    and make or cause to be made all such needful and proper
    repairs, renewals and replacements thereto, as in the judgment
    of the Company are necessary in the interests of the Company;
    provided, however, that nothing in this subdivision
    (b) shall prevent the Company or any Restricted Subsidiary,
    from time to time, from selling, abandoning or otherwise
    disposing of any of their respective properties or discontinuing
    a part of their respective business if such sale, abandonment,
    disposition or discontinuance is, in the judgment of the
    Company, advisable.
    

     
SECTION 5.07.     Company
to Appoint Successor Trustee and Agents. The Company,
whenever necessary to avoid or fill a vacancy in the office of
Trustee, will appoint, in the manner provided in
Section 8.10, a Trustee, so that there shall at all times
be a Trustee with respect to each series of Securities hereunder
and, whenever necessary to avoid or fill a vacancy in the
position of any paying, calculation, transfer or other agent
with respect to any series of Securities, will appoint a
successor agent.

     
SECTION 5.08.     Appointment
of Paying Agent Other Than Trustee. (a) If the Company
shall appoint a paying agent other than the Trustee with respect
to any series of Securities, it will cause such paying agent to
execute and deliver to the Trustee an instrument that
incorporates the terms of the Trust Indenture of 1939, and in
which such agent shall agree with the Trustee, subject to the
provisions of this Section 5.08,

		
	 	     
    (i) that it will hold all sums held by it as
    such agent for the payment of the principal of, premium, if any,
    or interest on such Securities (whether such sums have been paid
    to it by the Company or by any other obligor on such Securities)
    in trust for the benefit of the Holders of such Securities or of
    the Trustee, as the case may be;
    
	 
	 	     
    (ii) that it will give the Trustee notice of
    any failure by the Company (or by any other obligor on such
    Securities) to make any payment of the principal of, premium, if
    any, or interest on such Securities when the same shall be due
    and payable; and
    
	 
	 	     
    (iii) that at any time during the
    continuance of such failure, upon the written request of the
    Trustee, it will forthwith pay to the Trustee all sums so held
    in trust by such paying agent.
    

		
	 	     
    (b) If the Company shall act as its own
    paying agent, it will, on or before each due date of the
    principal of, premium, if any, or interest on the Securities of
    any series, set aside, segregate and hold in trust for the
    benefit of the Holders entitled thereto, a sum sufficient to pay
    such principal, premium, if any, or interest so becoming due
    until such sums shall be paid to such Holders or otherwise
    disposed of as herein provided and will promptly notify the
    Trustee of any failure (by it or any other obligor on such
    Securities) to take such action.
    
	 
	 	     
    (c) Whenever the Company shall have one or
    more paying agents, it will, prior to each due date of the
    principal of, premium, if any, or interest on any series of
    Securities, deposit with a paying agent a sum sufficient to pay
    the principal, premium, if any, or interest so becoming due,
    such sum to be held in trust for the benefit of the persons
    entitled to such principal, premium or interest, and (unless
    

20

 

		
	 	
    such paying agent is the Trustee) the Company
    will promptly notify the Trustee of its action or failure so to
    act.
    
	 
	 	     
    (d) Anything in this Section 5.08 to
    the contrary notwithstanding, the Company may at any time, for
    the purpose of obtaining the satisfaction and discharge of this
    Indenture, or for any other purpose, pay or cause to be paid to
    the Trustee all sums held in trust by it or any paying agent as
    required by this Section 5.08, such sums to be held by the
    Trustee upon the trusts herein contained, and upon such payment
    by any paying agent to the Trustee, such paying agent shall be
    released from all further liability with respect to such sums.
    
	 
	 	     
    (e) Any money deposited with the Trustee or
    any paying agent, or then held by the Company, in trust for the
    payment of the principal of, premium, if any, or interest on any
    Security and remaining unclaimed for two years after such
    principal, premium, if any, or interest has become due and
    payable shall be paid to the Company, or if then held by the
    Company, shall be discharged from such trust; provided,
    however, that the Trustee or such paying agent, before being
    required to make any such repayment, may at the expense of the
    Company cause to be published once, in a newspaper of general
    circulation in the Borough of Manhattan, the City and State of
    New York, or mail to the registered Holder of any such Security,
    or both, notice that such money remains unclaimed and that,
    after a date specified therein, which date shall not be less
    than 30 days from the date of such publication or mailing,
    any unclaimed balance of such money then remaining will be
    repaid to the Company. After payment to the Company, Security
    Holders entitled to such payment must look to the Company for
    payment as general creditors unless an applicable abandoned
    property law designates another person, and thereupon 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 cease.
    
	 
	 	     
    (f) Anything in this Section 5.08 to
    the contrary notwithstanding, the agreement to hold sums in
    trust as provided in this Section 5.08 is subject to the
    provisions of Article Four.
    

     
SECTION 5.09.     Covenant
to Maintain Corporate Existence. So long as any of the
Securities shall be outstanding, the Company will do or cause to
be done all things necessary to preserve and keep in full force
and effect its corporate existence, rights and franchises;
provided that nothing in this Section 5.09 shall
prevent (a) any consolidation or merger of the Company, or
any sale or transfer of all or substantially all of its property
and assets, permitted by Article Twelve, or (b) the
liquidation or dissolution of the Company after a sale or
transfer of all or substantially all of its property and assets
permitted by Article Twelve; and provided further
that the Company shall not be required to preserve any right or
franchise if the Board of Directors of the Company shall
determine that the preservation thereof is no longer desirable
in the conduct of business of the Company and that the loss
thereof is not disadvantageous to the Security Holders in any
material respect.

     
SECTION 5.10.     Intentionally
Omitted.

     
SECTION 5.11.     Intentionally
Omitted.

     
SECTION 5.12.     Covenant
of Further Assurances. The Company covenants and agrees that
it will hereafter, from time to time, whenever reasonably
requested by the Trustee, make, do, execute, acknowledge and
deliver, or cause to be made, done, executed, acknowledged and
delivered, any and all such further acts and other instruments
as may be reasonably necessary or proper for the purpose of
facilitating the execution of this trust or to secure the rights
and remedies conferred upon the Trustee and the Holders of the
Securities by this Indenture or by any indenture supplemental
hereto. The Company further covenants and agrees that it will
duly and punctually keep, observe, perform and fulfill each and
every term, covenant and condition on its part to be kept,
observed, performed and fulfilled, contained in this Indenture
and in any and every indenture supplemental hereto which may be
executed and delivered by the Company to the Trustee as provided
or permitted by this Indenture.

     
SECTION 5.13.     Officers’
Certificate as to Performance of Covenants; Notice of Certain
Defaults. The Company will, on or before the first day of
October in each year commencing with October 1, 2004, file
with the Trustee an Officers’ Certificate, one of the
signatories of which is the Chairman of the Board, the
President, the Senior Vice President and Chief Financial
Officer, the Treasurer or the Controller of the

21

 

Company, stating that a review of the activities
of the Company and its Subsidiaries during the preceding fiscal
year has been made under the supervision of the officers signing
such certificate with a view to determining whether the Company
has kept, observed, performed and fulfilled all the covenants,
agreements and obligations on its part contained in this
Indenture and that to the best of the knowledge of such officers
the Company is not in default in the performance, observance or
fulfillment of any of the terms, provisions and conditions
hereof, and that no default exists or, if the Company shall be
so in default or if any default exists, specifying all such
defaults, and the nature thereof, of which such officers may
have knowledge. The Company will deliver to the Trustee within
five days after the occurrence thereof written notice of any
event that, with the giving of notice and the lapse of time,
would become an Event of Default under subsection (f) of
Section 7.01.

ARTICLE SIX

SECURITY HOLDERS’ LIST AND REPORTS BY THE
COMPANY AND THE TRUSTEE

     
SECTION 6.01.     Company
to Furnish Trustee Information as to Names and Addresses of
Security Holders. The Company covenants and agrees that it
will furnish or cause to be furnished to the Trustee
semiannually and not more than ten days after each record date
(as defined pursuant to Section 2.07) for the payment of
interest on each series of Securities, and at such other times
as the Trustee may request in writing, within thirty days after
receipt by the Company of any such request, a list in such form
as the Trustee may reasonably require containing all information
in the possession or control of the Company, or any of its
paying agents other than the Trustee, as to the names and
addresses of the Holders of each series of the Securities
obtained since the date as of which the next previous list, if
any, was furnished; provided, however, that no such list
need be furnished if the Trustee shall be the Security Registrar
with respect to such series. Any such list may be dated as of a
date not more than ten days prior to the time such information
is furnished or caused to be furnished, and need not include
information received after such date.

     
SECTION 6.02.     Trustee
to Preserve List of Holders. (a) The Trustee shall
preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the Holders of each
series of Securities (i) contained in the most recent list
furnished to it as provided in Section 6.01, and
(ii) received by it in the capacity of paying agent for
such series (if so acting) hereunder.

     
The Trustee may (i) destroy any list
furnished to it as provided in Section 6.01 upon receipt of
a new list so furnished, and (ii) destroy any information
received by it as paying agent (if so acting) hereunder upon
delivering to itself as Trustee, not earlier than forty-five
days after an interest payment date of the Securities, a list
containing the names and addresses of the Holders of Securities
obtained from such information since the delivery of the next
previous list, if any.

     
(b) In case three or more Holders of
Securities (hereinafter referred to as
“applicants”) apply in writing to the Trustee,
and furnish to the Trustee reasonable proof that each applicant
has owned a Security for a period of at least six months
preceding the date of such application, and such application
states that the applicants desire to communicate with other
Holders of Securities of a particular series (in which case the
applicants must all hold Securities of such series) or with
Holders of all Securities with respect to their rights under
this Indenture or under such Securities, and is accompanied by a
copy of the form of proxy or other communication which such
applicants propose to transmit, then the Trustee shall within
five Business Days after the receipt of such application, at its
election, either

		
	 	     
    (i) afford to such applicants access to the
    information preserved at the time by the Trustee in accordance
    with the provisions of subsection (a) of this
    Section 6.02, or
    
	 
	 	     
    (ii) inform such applicants as to the
    approximate number of Holders of Securities of such series or of
    all Securities, as the case may be, whose names and addresses
    appear in the information preserved at the time by the Trustee,
    in accordance with the provisions of subsection (a) of this
    Section 6.02, and as to the approximate cost of mailing to
    such Security Holders the form of proxy or other communication,
    if any, specified in such application.
    

22

 

     
If the Trustee shall elect not to afford such
applicants access to such information, the Trustee shall, upon
the written request of such applicants, mail to each Security
Holder of such series or all Holders of Securities, as the case
may be, whose name and address appears in the information
preserved at the time by the Trustee in accordance with the
provisions of subsection (a) of this Section 6.02, a
copy of the form of proxy or other communication which is
specified in such request, with reasonable promptness after a
tender to the Trustee of the material to be mailed and of
payment, or provision for the payment, of the reasonable
expenses of mailing, unless within five days after such tender,
the Trustee shall mail to such applicants, and file with the
Securities and Exchange Commission, together with a copy of the
material to be mailed, a written statement to the effect that,
in the opinion of the Trustee, such mailing would be contrary to
the best interest of the Holders of Securities of such series or
of all Securities, as the case may be, or would be in violation
of applicable law. Such written statement shall specify the
basis of such opinion. If said Commission, after opportunity for
a hearing upon the objections specified in the written statement
so filed, shall enter an order refusing to sustain any of such
objections, or if, after the entry of an order sustaining one or
more of such objections, said Commission shall find, after
notice and opportunity for hearing, that all the objections so
sustained have been met and shall enter an order so declaring,
the Trustee shall mail copies of such material to all such
Security Holders with reasonable promptness after the entry of
such order and the renewal of such tender; otherwise the Trustee
shall be relieved of any obligation or duty to such applicants
respecting their application.

		
	 	     
    (c) Each and every Holder of the Securities,
    by receiving and holding the same, agrees with the Company and
    the Trustee that neither the Company nor the Trustee nor any
    paying agent shall be held accountable by reason of the
    disclosure of any such information as to the names and addresses
    of the Holders of Securities in accordance with the provisions
    of subsection (b) of this Section 6.02, regardless of
    the source from which such information was derived, and that the
    Trustee shall not be held accountable by reason of mailing any
    material pursuant to a request made under said subsection (b).
    

     
SECTION 6.03.     Company
to Furnish Reports to Trustee. (a) The Company
covenants and agrees to file with the Trustee (including, if
permitted by applicable law and regulations, by electronic
means) within fifteen days after the Company is required to file
the same with the Securities and Exchange 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
said Commission may from time to time by rules and regulations
prescribe) which the Company may be required to file with said
Commission pursuant to Section 13 or Section 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 to file with the Trustee and said Commission, in
accordance with rules and regulations prescribed from time to
time by said Commission, such of the supplementary and periodic
information, documents and reports which 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.

		
	 	     
    (b) The Company covenants and agrees to file
    with the Trustee and the Securities and Exchange Commission, in
    accordance with the rules and regulations prescribed from time
    to time by said Commission, such additional information,
    documents and reports with respect to compliance by the Company
    with the conditions and covenants provided for in this Indenture
    as may be required from time to time by such rules and
    regulations.
    
	 
	 	     
    (c) The Company covenants and agrees to
    transmit to the Holders of Securities within thirty days after
    the filing thereof with the Trustee, in the manner and to the
    extent provided in subsection (c) of Section 6.04 with
    respect to reports pursuant to subsection (a) of said
    Section 6.04, such summaries of any information, documents
    and reports required to be filed by the Company pursuant to
    subsections (a) and (b) of this Section 6.03 as
    may be required by rules and regulations prescribed from time to
    time by the Securities and Exchange Commission.
    
	 
	 	     
    (d) Delivery of such reports, information
    and documents to the Trustee is for informational purposes only
    and the Trustee’s receipt of such shall not constitute
    constructive notice of any information contained therein or
    determinable from information contained therein, including the
    

23

 

		
	 	
    Company’s compliance with any of its
    covenants hereunder (as to which the Trustee is entitled to rely
    exclusively on Officers’ Certificates).
    

     
SECTION 6.04.     Reports
by Trustee. (a) Within 60 days after May 15
of each year commencing with the May 15 occurring after the
initial issuance of Securities hereunder, so long as any
Securities are outstanding hereunder, the Trustee shall transmit
to the Security Holders a brief report, dated as of the
preceding May 15, if and to the extent required under
Section 313(a) of the Trust Indenture Act of 1939.

		
	 	     
    (b) The Trustee shall comply with
    Section 313(b) and Section 313(c) of the Trust
    Indenture Act of 1939.
    
	 
	 	     
    (c) A copy of each such report shall, at the
    time of such transmission to Security Holders, be filed by the
    Trustee with each stock exchange upon which the Securities of
    any applicable series are listed and also with the Securities
    and Exchange Commission. The Company agrees to notify the
    Trustee when and as the Securities of any series become listed
    on any stock exchange.
    

ARTICLE SEVEN

REMEDIES OF THE TRUSTEE AND SECURITY HOLDERS

UPON EVENT OF DEFAULT

     
SECTION 7.01.     Events
of Default Defined; Acceleration; Waiver and Rescission.
“Event of Default” with respect to Securities
of any series, wherever used herein, means each one of the
following events which shall have occurred and be continuing
(whatever the reason for such Event of Default and whether it
shall be voluntary or involuntary or be effected by operation of
law or pursuant to any judgment, decree or order of any court or
any order, rule or regulation of any administrative or
governmental body):

		
	 	     
    (a) default in the due and punctual payment
    of any installment of interest upon any of the Securities of
    such series as and when the same shall become due and payable,
    and continuance of such default for a period of thirty days; or
    
	 
	 	     
    (b) default in the due and punctual payment
    of the principal of and premium, if any, on any of the
    Securities of such series as and when the same shall become due
    and payable either at maturity, upon redemption, by declaration
    as authorized by this Indenture, or otherwise; or
    
	 
	 	     
    (c) failure on the part of the Company to
    duly observe or perform any other of the covenants or agreements
    on the part of the Company contained in the Securities of such
    series or in this Indenture for a period of ninety days after
    the date on which written notice of such failure, requiring the
    same to be remedied, shall have been given to the Company by the
    Trustee, or to the Company and the Trustee by the Holders of at
    least twenty-five percent (25%) in principal amount of the
    Outstanding Securities of such series; or
    
	 
	 	     
    (d) a decree or order by a court having
    jurisdiction in the premises shall have been entered adjudging
    the Company a bankrupt or insolvent, or approving a petition
    seeking reorganization of the Company under Federal bankruptcy
    law or any other applicable Federal or State law, and such
    decree or order shall have continued undischarged or unstayed
    for a period of ninety days; or a decree or order of a court
    having jurisdiction in the premises for the appointment of a
    receiver or liquidator or trustee or assignee in bankruptcy or
    insolvency of the Company or of all or substantially all of its
    property, or for the winding up or liquidation of its affairs,
    shall have been entered, and such decree or order shall have
    remained in force undischarged or unstayed for a period of
    ninety days; or
    
	 
	 	     
    (e) the Company shall institute proceedings
    to be adjudicated a voluntary bankrupt, or shall consent to the
    filing of a bankruptcy proceeding against it, or shall file a
    petition or answer or consent seeking reorganization under
    Federal bankruptcy law or any other applicable Federal or State
    law, or shall consent to the filing of any such petition, or
    shall consent to the appointment of a receiver or liquidator or
    trustee or assignee in bankruptcy or insolvency of it or of all
    or substantially all of its property, or shall make an
    assignment for the benefit of creditors, or shall admit in
    writing its inability to pay its debts generally as they become
    due; or
    

24

 

		
	 	     
    (f) a default under any mortgage, indenture
    or instrument under which there may be issued, or by which there
    may be secured or evidenced, any indebtedness for money borrowed
    of the Company (other than the Securities of such series),
    whether such indebtedness exists on the date of this Indenture
    or shall hereafter be created, which default either (i) is
    caused by a failure to pay when due any principal of such
    indebtedness the principal amount of which, together with the
    principal amount of any other such indebtedness under which
    there is a payment default, aggregates $50,000,000 or more
    within the grace period provided for in such indebtedness, which
    failure continues beyond any applicable grace period or
    (ii) results in such aggregate indebtedness in excess of
    $50,000,000 becoming or being declared due and payable prior to
    the date on which it would otherwise become due and payable, and
    such payment default is not cured or such acceleration shall not
    be rescinded or annulled within ten days after written notice to
    the Company from the Trustee or to the Company and to the
    Trustee from the Holders of not less than twenty-five percent
    (25%) of the then Outstanding Securities of such series; or
    
	 
	 	     
    (g) any other Event of Default provided in
    the supplemental indenture or Officers’ Certificate under
    which such series of Securities is issued or in the form of
    Security for such series.
    

     
If an Event of Default described in clauses (a),
(b), (c), (f) or (g) occurs and is continuing with respect
to Securities of any series, then, and in each and every such
case, unless the principal of all of the Securities of such
series shall have already become due and payable, either the
Trustee or the Holders of not less than twenty-five percent
(25%) in aggregate principal amount of the Securities of such
affected series then Outstanding hereunder (voting as a single
class) by notice in writing to the Company (and to the Trustee
if given by Security Holders), may declare the entire principal
(or, if any Securities are Original Issue Discount Securities,
such portion of the principal as may be specified in the terms
thereof) of all Securities of such affected series and the
interest accrued thereon, if any, to be due and payable
immediately, and upon any such declaration the same shall become
immediately due and payable. If an Event of Default described in
clauses (d) and (e) occurs and is continuing, the principal
amount plus accrued and unpaid interest (and premium, if any),
if any, on all the Securities shall become due and payable
without any declaration or other act on the part of the Trustee
or any Security Holders.

     
The foregoing provisions, however, are subject to
the condition that if, at any time after the principal of (or,
if the Securities are Original Issue Discount Securities, such
portion of the principal as may be specified in the terms
thereof) and accrued interest, if any, on the Securities of any
series shall have been so declared due and payable, but before
such Securities shall have become due by their terms and before
any judgment or decree for the payment of the moneys due shall
have been obtained or entered as hereinafter provided, the
Company shall pay or shall deposit with the Trustee a sum
sufficient to pay all matured installments of interest upon all
the Securities of such series then Outstanding and the principal
of any and all Securities of such series then Outstanding which
shall have become due otherwise than by acceleration with
interest upon such principal and, to the extent that payment of
such interest is enforceable under applicable law, upon overdue
installments of interest, at the rate per annum or Yield to
Maturity (in the case of Original Issue Discount Securities)
expressed in the Securities of such series to the date of such
payment or deposit) and all amounts payable to the Trustee under
Section 8.06, and any and all defaults under the Indenture,
other than the nonpayment of principal on the Securities of such
series then Outstanding which shall not have become due by their
terms, shall have been remedied or provision shall have been
made therefor to the satisfaction of the Trustee, then and in
every such case the Holders of a majority in aggregate principal
amount of the Securities of such series then Outstanding, by
written notice to the Company and to the Trustee, may waive all
defaults and rescind and annul such declaration and its
consequences with respect to such series; but no such waiver or
rescission and annulment shall extend to or shall affect any
subsequent default, or shall impair any right consequent thereon.

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

25

 

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

     
For all purposes under this Indenture, if a
portion of the principal of any Original Issue Discount
Securities shall have been accelerated and declared due and
payable pursuant to the provisions hereof, then, from and after
such declaration, unless such declaration has been rescinded and
annulled, the principal amount of such Original Issue Discount
Securities shall be deemed, for all purposes hereunder, to be
such portion of the principal thereof as shall be due and
payable as a result of such acceleration, and payment of such
portion of the principal thereof as shall be due and payable as
a result of such acceleration, together with interest, if any,
thereon and all other amounts owing thereunder, shall constitute
payment in full of such Original Issue Discount Securities.

     
SECTION 7.02.     Covenant
to Pay; Collection by Trustee. The Company covenants that
(1) in case default shall be made in the payment of any
installment of interest on any of the Securities of any series,
as and when the same shall become due and payable, and such
default shall have continued for a period of thirty days, or
(2) in case default shall be made in the payment of all or
any part of the principal of and premium, if any, on any of the
Securities of any series when the same shall have become due and
payable, whether upon maturity of the Securities of such series
or upon redemption or upon declaration as authorized by this
Indenture or otherwise, then, upon demand of the Trustee, the
Company will pay to the Trustee, for the benefit of the Holders
of the Securities of such series then Outstanding, the whole
amount that then shall have become due and payable on all such
Securities of such series for principal, premium, if any, or
interest as the case may be, with interest upon the overdue
principal and premium, if any, and (to the extent that payment
of such interest is enforceable under applicable law) upon
overdue installments of interest at the rate per annum or Yield
to Maturity (in the case of Original Issue Discount Securities)
expressed in the Securities of such series; and, in addition
thereto, such further amount as shall be sufficient to cover the
costs and expenses of collection, and all amounts payable to the
Trustee under Section 8.06. Until such demand is made by
the Trustee, the Company may pay the principal and premium, if
any, of and interest on the Securities of such series to the
Holders of the Securities of such series whether or not the
Securities of such series be overdue.

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

     
If an Event of Default occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Security Holders of any series
by such appropriate judicial proceedings and other available
remedies 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.

     
The Trustee shall be entitled and empowered,
either in its own name or as trustee of an express trust, or as
attorney-in-fact for the Holders of the Securities of any
series, or in any one or more of such capacities, to file such
proof of debt, amendment of proof of debt, claim, petition or
other document as may be necessary or advisable in order to have
the claims of the Trustee and of the Holders of the Securities
of any series allowed in any receivership, insolvency,
bankruptcy, liquidation, readjustment, reorganization or other
judicial proceedings relative to the Company or any other
obligor on the Securities of any series or their creditors, or
affecting their property. The Trustee is hereby irrevocably
appointed (and the successive respective Holders of the
Securities of any series by taking and holding the same shall be
conclusively deemed to have so appointed the Trustee) the true
and lawful attorney-in-fact of the respective Holders of the
Securities of any series, with authority to make and file in the
respective names of the Holders of the Securities of any series
or on behalf of the Holders of the Securities of any series as a
class, subject to deduction from any such claims of the amounts
of any claims filed by any of the

26

 

Holders of the Securities of any series
themselves, any proof of debt, amendment of proof of debt,
claim, petition or other document in any such proceedings and to
receive payment of any sums becoming distributable on account
thereof, and to execute any such other papers and documents and
to do and perform any and all such acts and things for and on
behalf of such Holders of the Securities of any series, as may
be necessary or advisable in the opinion of the Trustee in order
to have the respective claims of the Trustee and of the Holders
of the Securities of any series against the Company or its
property allowed in any such proceeding, and to receive payment
of or on account of such claims; provided, however, that
nothing contained in this Indenture shall be deemed to authorize
the Trustee to authorize or consent to, or accept or adopt on
behalf of any Security Holder, any plan of reorganization,
arrangement, adjustment or composition affecting the Securities
of any series or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any
Security Holder of any series in any such proceeding. Any
receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such proceeding is hereby authorized by
each Security 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 Security Holders of any series, to
pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 8.06.

     
All rights of action and of asserting claims
under this Indenture, or under any of the Securities of any
series, may be enforced by the Trustee without the possession of
any of the Securities of such series or the production thereof
at any trial or other proceeding relative thereto, and any such
suit or proceeding instituted by the Trustee shall be brought in
its own name as trustee of an express trust, and any recovery of
judgment shall be for the ratable benefit of the Holders of the
Securities in respect of which such action was taken, subject to
the provisions of this Indenture. In any proceedings brought by
the Trustee (and also any proceedings in which a declaratory
judgment of a court may be sought as to the interpretation or
construction of any provision of this Indenture, to which the
Trustee shall be a party) the Trustee shall be held to represent
all the Holders of the Securities of any series affected
thereby, and it shall not be necessary to make any Holders of
such Securities parties to any such proceedings.

     
SECTION 7.03.     Application
of Moneys Collected by Trustee. Any moneys collected by the
Trustee pursuant to Section 7.02 in respect of any series
shall be applied in the order following, at the date or dates
fixed by the Trustee, upon presentation of the several
Securities, and stamping (or otherwise noting) thereon the
payment, if any, partially paid, and upon surrender thereof if
fully paid:

		
	 	     
    FIRST: To the payment of costs and expenses of
    collection applicable to such series, and of all amounts payable
    to the Trustee under Section 8.06;
    
	 
	 	     
    SECOND: To the holders of Senior Indebtedness to
    the extent required by Article Fourteen;
    
	 
	 	     
    THIRD: In case the principal of the Outstanding
    Securities of such series shall not have become due and be
    unpaid, to the payment of defaulted interest on the Securities
    of such series, in the order of the maturity of the installments
    of such interest, with interest (so far as may be lawful and if
    such interest has been collected by the Trustee) upon the
    overdue installments of interest at the rate per annum or Yield
    to Maturity (in the case of Original Issue Discount Securities)
    expressed in such Securities, such payments to be made ratably
    to the persons entitled thereto, without discrimination or
    preference;
    
	 
	 	     
    FOURTH: In case the principal of the Outstanding
    Securities of such series shall have become due, by declaration
    as authorized by this Indenture or otherwise, to the payment of
    the whole amount then owing and unpaid upon the Securities of
    such series for principal and interest, with interest on the
    overdue principal, and (so far as may be lawful and if such
    interest has been collected by the Trustee) upon overdue
    installments of interest at the rate per annum or Yield to
    Maturity (in the case of Original Issue Discount Securities)
    expressed in the Securities of such series; and in case such
    moneys shall be insufficient to pay in full the whole amount so
    due and unpaid upon the Securities of such series; then to the
    payment of such principal and interest, without preference or
    priority of principal over interest or of interest over
    principal, or of any installment of interest over any other
    

27

 

		
	 	
    installment of interest, or of any Security of
    such series over any other Security of such series, ratably to
    the aggregate of such principal and accrued and unpaid interest;
    
	 
	 	     
    FIFTH: To the payment of the remainder, if any,
    to the Company, its successors or assigns.
    

     
The Trustee may fix a record date and payment
date for any payment to holders of the Outstanding Securities of
such series pursuant to this Section 7.03. At least 15 days
before such record date, the Trustee shall mail to each holder
of Outstanding Securities of such series and the Company a
notice that states the record date, the payment date and the
amount to be paid.

     
SECTION 7.04.     Limitation
on Suits by Holders of Securities. Except as otherwise
expressly provided in this Section 7.04, no Holder of any
Security of any series shall have any right by virtue or by
availing of any provision of this Indenture or otherwise to
institute any suit, action or proceeding in equity or at law
upon or under or with respect to this Indenture, for the
appointment of a receiver or trustee, for the execution of any
trust or power hereof, or for any other remedy hereunder, unless
such Holder previously shall have given to the Trustee written
notice of default and of the continuance thereof, as
hereinbefore provided, and unless also the Holders of not less
than twenty-five percent (25%) in aggregate principal amount of
the Securities of such series then Outstanding shall have made
written request upon the Trustee either to proceed to exercise
the power hereinbefore granted or to institute such action, suit
or proceeding in its own name as Trustee hereunder and shall
have offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee within sixty days
after its receipt of such notice, request and offer of
indemnity, shall have failed to proceed to exercise such powers
or to institute any such action, suit or proceeding, and no
direction inconsistent with such written request shall have been
given to the Trustee during such reasonable time by the Holders
of a majority in principal amount of the Securities of such
series then Outstanding; it being understood and intended, and
being expressly covenanted by the taker and Holder of every
Security with every other taker and Holder and the Trustee, that
no one or more Holders of Securities of any series shall have
any right in any manner whatever by virtue or by availing of any
provision of this Indenture to affect, disturb or prejudice the
rights of the Holders of any other of such Securities, or to
obtain or seek to obtain priority over or preference to any
other such Holder, or to enforce any right under this Indenture,
except in the manner herein provided, and that all proceedings
in law or in equity shall be instituted, had and maintained in
the manner herein provided for the equal, ratable and common
benefit of all Holders of Securities of the applicable series.
For the protection and enforcement of the provisions of this
Section 7.04, each and every Security Holder and the
Trustee shall be entitled to such relief as can be given either
at law or in equity.

     
Nothing herein contained shall, however, affect
or impair the right, which is absolute and unconditional, of any
Security Holder to receive, and to institute suit to enforce the
payment of, the principal of and premium, if any, and interest
on the Holder’s Securities at and after the respective due
dates (including maturity by call for redemption, declaration
pursuant to this Indenture which has not been rescinded pursuant
to Section 7.01 or otherwise) of such principal or premium,
if any, or interest, or the obligation of the Company, which is
also absolute and unconditional, to pay the principal of and
premium, if any, and interest on each of the Securities to the
respective Holders thereof at the times and places in the
Securities expressed.

     
SECTION 7.05.     Delay
or Omission in Exercise of Rights Not Waiver of Default. No
delay or omission of the Trustee or of any Holder of any of the
Securities to exercise any right or power accruing upon any
Event of Default shall impair any such right or power, or shall
be construed to be a waiver of any such default or an
acquiescence therein; and, subject to the provisions of
Section 7.04, every power and remedy given by this
Article Seven or by law to the Trustee or to the Security
Holders may be exercised from time to time, and as often as
shall be deemed expedient by the Trustee or by the Security
Holders. No remedy is exclusive of any other remedy. All
available remedies are cumulative.

     
SECTION 7.06.     Rights
of Holders of Majority. Subject to the provisions of
Sections 8.01 and 8.02, the Holders of a majority in
aggregate principal amount of the Securities of any series at
the time Outstanding shall have the right to direct the time,
method and place of conducting any proceeding for any remedy
available to the Trustee with respect to the Securities of such
series, or exercising any trust or

28

 

power conferred on the Trustee with respect to
the Securities of such series; provided, however, that
such direction shall not be otherwise than in accordance with
law and the provisions of this Indenture, expose the Trustee to
personal liability or be unduly prejudicial to Holders not
joining therein, and the Trustee shall have the right, subject
to the provisions of Section 8.01, to decline to follow any
such direction if the Trustee, being advised by counsel,
determines that the action so directed may not be lawfully
taken, or if the Trustee in good faith shall, by a responsible
officer or officers of the Trustee, determine that the
proceeding so directed would be illegal or involve it in
personal liability or be unjustly prejudicial to the Security
Holders not joined in any such direction, and provided
further that nothing in this Indenture shall impair the
right of the Trustee in its discretion to take any action deemed
proper by the Trustee and which is not inconsistent with such
direction by the Security Holders. Prior to taking any action
hereunder, the Trustee shall be entitled to reasonable
indemnification against all losses and expenses caused by taking
or not taking such action.

     
Prior to a declaration that the Securities of any
series are due and payable as provided in Section 7.01, the
Holders of a majority in aggregate principal amount of the
Securities of such series at the time Outstanding may, on behalf
of the Holders of all of the Securities of such series, waive
any past Event of Default described in clause (c), (d), (e),
(f) or (g) of Section 7.01 and its consequences,
except a default in respect of a covenant or provision hereof
which cannot be modified or amended without the consent of the
Holder of each Security of such series affected. In the case of
any such waiver, the Company, the Trustee and the Holders of
such Securities shall be restored to their former positions and
rights hereunder, respectively, but no such waiver shall extend
to any subsequent or other default or impair any right
consequent thereon.

     
Upon any such waiver, such default shall cease to
exist and be deemed to have been cured and not to have occurred
with respect to such series, and any Event of Default arising
therefrom shall be deemed to have been cured with respect to
such series, and not to have occurred for every purpose of this
Indenture with respect to such series; but no such waiver shall
extend to any subsequent or other default or Event of Default or
impair any right consequent thereon.

     
SECTION 7.07.     Trustee
to Give Notice of Defaults Known to It, but May Withhold in
Certain Circumstances. The Trustee shall, within ninety days
after the occurrence of a default with respect to the Securities
of any series, give to the Holders of the Securities of such
series, in the manner and to the extent provided in subsection
(c) of Section 6.04 with respect to reports pursuant
to subsection (a) of said Section 6.04, notice of all
defaults with respect to that series known to the Trustee,
unless such defaults shall have been cured before the giving of
such notice (the term “defaults” for the
purposes of this Section 7.07 being hereby defined to be
the events specified in clauses (a), (b), (c), (d), (e),
(f) and (g) of Section 7.01, not including any
periods of grace provided for therein); provided, that,
except in the case of default in the payment of the principal of
(or premium, if any) or interest, if any, on any of the
Securities of such series, or in the payment of any sinking or
purchase fund installment, the Trustee shall be protected in
withholding such notice if and so long as a committee of
responsible officers of the Trustee in good faith determines
that the withholding of such notice is in the best interests of
the Security Holders of such series.

     
SECTION 7.08.     Requirement
of an Undertaking to Pay Costs in Certain Suits under Indenture
or Against Trustee. All parties to this Indenture agree, and
each Holder of any Security by his acceptance thereof shall be
deemed to have agreed, that any court may in its discretion
require, in any suit for the enforcement of any right or remedy
under this Indenture, or in any suit against the Trustee for any
action taken or omitted by it as Trustee, the filing by any
party litigant in such suit of 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; provided, that the provisions of this
Section 7.08 shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Security Holder, or group
of Security Holders, of any series holding in the aggregate more
than ten percent (10%) in principal amount of the Securities of
such series Outstanding; or to any suit instituted by any
Security Holder for the

29

 

enforcement of the payment of the principal of or
premium, if any, or interest on any Security on or after the due
date expressed in such Security or any date fixed for redemption.

     
SECTION 7.09.     Waiver
of Stay, Extension or Usury Laws. The Company covenants (to
the extent that it may lawfully do so) that it will not at any
time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any stay or extension law or
any usury or other law wherever enacted, now or at any time
hereafter in force, which would prohibit or forgive the Company
from paying all or any portion of the principal amount of the
Securities plus accrued and unpaid interest or any interest on
such amounts, as contemplated herein, or which may affect the
covenants or the performance of this Indenture; and the Company
(to the extent that it may lawfully do so) hereby expressly
waives all benefit or advantage of any such law, and covenants
that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit
the execution of every such power as though no such law had been
enacted.

ARTICLE EIGHT

CONCERNING THE TRUSTEE

     
SECTION 8.01.     Duties
of Trustee Prior to and After Event of Default. The Trustee,
prior to the occurrence of an Event of Default with respect to
the Securities of any series and after the curing of all Events
of Default which may have occurred with respect to such series,
undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture. In case an Event of
Default with respect to the Securities of any series has
occurred (which has not been cured) the Trustee shall exercise
such of the rights and powers vested in it by this Indenture,
and use the same degree of care and skill in their exercise, as
a prudent person would exercise or use under the circumstances
in the conduct of his own affairs.

     
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders
or other instruments furnished to the Trustee pursuant to any
provision of this Indenture, shall examine them to determine
whether they conform to the requirements of this Indenture.

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

		
	 	     
    (a) prior to the occurrence of an Event of
    Default with respect to the Securities of any series and after
    the curing of all such Events of Default with respect to such
    series which may have occurred:
    

		
	 	     
    (i) the duties and obligations of the
    Trustee shall be determined solely by the express provisions of
    this Indenture, and the Trustee shall not be liable except for
    the performance of such duties and obligations as are
    specifically set forth in this Indenture, and no implied
    covenants or obligations shall be read into this Indenture
    against the Trustee; and
    
	 
	 	     
    (ii) in the absence of bad faith on the part
    of the Trustee, the Trustee may conclusively rely, as to the
    truth of the statements and the correctness of the opinions
    expressed therein, upon any certificates or opinions furnished
    to the Trustee and conforming to the requirements of this
    Indenture;
    

		
	 	     
    (b) the Trustee shall not be personally
    liable for any error of judgment made in good faith by a
    responsible officer or responsible officers, appointed with due
    care, of the Trustee, unless it shall be proved that the Trustee
    was negligent in ascertaining the pertinent facts; and
    
	 
	 	     
    (c) the Trustee shall not be personally
    liable with respect to any action taken or omitted to be taken
    by it in good faith in accordance with the direction of the
    Holders of not less than a majority in principal amount of the
    Securities at the time Outstanding (determined as provided in
    Section 9.04) relating to the time, method and place of
    conducting any proceeding for any remedy available to the
    Trustee, or exercising any trustor power conferred upon the
    Trustee, under this Indenture.
    

None of the provisions of this Indenture shall
require the Trustee to expend or risk its own funds or otherwise
incur any personal financial liability in the performance of any
of its duties hereunder, or in the

30

 

exercise of any of its rights or powers, if it
shall have reasonable grounds for believing that repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it.

     
SECTION 8.02.     Rights
of Trustee. Except as otherwise provided in Section 8.01:

		
	 	     
    (a) The Trustee may conclusively rely and
    shall be protected in acting or refraining from acting upon any
    resolution, Officers’ Certificate, certificate of auditors,
    or any other certificate, statement, instrument, opinion,
    report, notice, request, consent, order, appraisal, bond,
    debenture or other paper or document reasonably believed by it
    to be genuine and to have been signed or presented by the proper
    party or parties;
    
	 
	 	     
    (b) Any request, direction, order or demand
    of the Company mentioned herein shall be sufficiently evidenced
    by an instrument signed in the name of the Company by the
    Chairman of the Board or the President or any Vice President and
    the Secretary or an Assistant Secretary or the Treasurer or an
    Assistant Treasurer or the Controller (unless other evidence in
    respect thereof be herein specifically prescribed); and any
    resolution of the Board of Directors may be evidenced to the
    Trustee by a copy thereof certified by the Secretary or an
    Assistant Secretary of the Company;
    
	 
	 	     
    (c) The Trustee may consult with counsel 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 or suffered or omitted by it
    hereunder in good faith and in accordance with such advice or
    Opinion of Counsel;
    
	 
	 	     
    (d) The Trustee shall be under no obligation
    to exercise any of the trusts or powers vested in it by this
    Indenture or to institute, conduct or defend any litigation
    hereunder or in relation thereto at the request, order or
    direction of any of the Security Holders, pursuant to the
    provisions of this Indenture, unless such Security Holders shall
    have offered to the Trustee security or indemnity reasonably
    satisfactory to it against the costs, expenses and liabilities
    which may be incurred therein or thereby; nothing herein
    contained shall, however, relieve the Trustee of the obligation,
    upon the occurrence of an Event of Default (which has not been
    cured) to exercise such of the rights and powers vested in it by
    this Indenture, and to use the same degree of care and skill in
    their exercise, as a prudent person would exercise or use under
    the circumstances in the conduct of his own affairs;
    
	 
	 	     
    (e) The Trustee shall not be personally
    liable for any action taken or omitted by it in good faith and
    reasonably believed by it to be authorized or within the
    discretion or rights or powers conferred upon it by this
    Indenture;
    
	 
	 	     
    (f) Prior to the occurrence of an Event of
    Default hereunder and after the curing of all Events of Default,
    the Trustee shall not be bound to make any investigation into
    the facts or matters stated in any resolution, certificate,
    statement, instrument, opinion, report, notice, request,
    consent, order, approval, bond, debenture or other paper or
    document, unless requested in writing so to do by the Holders of
    not less than majority in aggregate principal amount of the
    Securities of all series affected then Outstanding; provided,
    however, that if the payment within a reasonable time to the
    Trustee of the costs, expenses or liabilities likely to be
    incurred by it in the making of such investigation is, in the
    opinion of the Trustee, not reasonably assured to the Trustee by
    the security afforded to it by the terms of this Indenture, the
    Trustee may require reasonable indemnity against such expense or
    liability as a condition to so proceeding. The reasonable
    expense of every such examination shall be paid by the Company;
    
	 
	 	     
    (g) The Trustee may execute any of the
    trusts or powers hereunder or perform any duties hereunder
    either directly or by or through agents or attorneys;
    
	 
	 	     
    (h) The Trustee shall not be deemed to have
    notice of any default or Event of Default unless a responsible
    officer of the Trustee has actual knowledge thereof or unless
    written notice of any event which is in fact such a default is
    received by the Trustee at the Corporate Trust Office of the
    Trustee, and such notice references the Securities and this
    Indenture;
    
	 
	 	     
    (i) The rights, privileges, protections,
    immunities and benefits given to the Trustee, including without
    limitation, its right to be indemnified, are extended to, and
    shall be enforceable by, the
    

31

 

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

     
SECTION 8.03.     Trustee
not Liable for Recitals in Indenture or in Securities. The
recitals contained herein and in the Securities (other than the
certificate of authentication on the Securities) shall be taken
as the statements of the Company, and the Trustee assumes no
responsibility for the correctness of the same. The Trustee
makes no representations as to the validity or sufficiency of
this Indenture or of the Securities. The Trustee shall not be
accountable for the use or application by the Company of any of
the Securities or of the proceeds of such Securities, or for the
use or application of any moneys paid over by the Trustee in
accordance with any provision of this Indenture, or for the use
or application of any moneys received by any paying agent other
than the Trustee.

     
SECTION 8.04.     Trustee,
Paying Agent or Security Registrar May Own Securities. The
Trustee or any paying agent or calculation agent or any Security
Registrar, in its individual or any other capacity, may become
the owner or pledgee of Securities with the same rights it would
have if it were not Trustee, paying agent, calculation agent, or
Security Registrar.

     
SECTION 8.05.     Moneys
Received by Trustee to Be Held in Trust. Subject to the
provisions of Article Four, all moneys received by the
Trustee shall, until used or applied as herein provided, be held
in trust for the purposes for which they were received, but need
not be segregated from other funds except to the extent required
by law. The Trustee shall be under no liability for interest on
any moneys received by it hereunder except such as it may agree
in writing with the Company to pay thereon. So long as no Event
of Default shall have occurred and be continuing, all interest
allowed on any such moneys shall be paid from time to time upon
the written order of the Company, signed by its Chairman of the
Board or President or any Vice President or Treasurer or an
Assistant Treasurer.

     
SECTION 8.06.     Trustee
Entitled to Compensation, Reimbursement and Indemnity. The
Company covenants and agrees to pay to the Trustee from time to
time, and the Trustee shall be entitled to, such compensation as
shall be agreed in writing between the Company and the Trustee
(which shall not be limited by any provision of law in regard to
the compensation of a trustee of an express trust) for all
services rendered by it in the execution of the trusts hereby
created and in the exercise and performance of any of the powers
and duties hereunder of the Trustee, and the Company will pay or
reimburse the Trustee upon its request for all reasonable
expenses, disbursements and advances incurred or made by the
Trustee in accordance with any of the provisions of this
Indenture (including the reasonable compensation and the
expenses and disbursements of its counsel and of all persons not
regularly in its employ) except any such expense, disbursement
or advance as may arise from its negligence or bad faith. The
Company also covenants to indemnify the Trustee for, and to hold
it harmless against, any loss, liability or expense incurred
without negligence or bad faith on the part of the Trustee, and
arising out of or in connection with the acceptance or
administration of this trust, including the costs and expenses
of defending itself against any claim of liability in connection
with the exercise or performance of any of its powers or duties
hereunder. The obligations of the Company under this Section
8.06 to compensate the Trustee and to pay or reimburse the
Trustee for expenses, disbursements and advances shall
constitute additional indebtedness hereunder. Such additional
indebtedness shall be secured by a lien prior to that of the
Securities upon any property and funds held or collected by the
Trustee as such, except funds held in trust for the benefit of
the Holders of particular Securities.

     
When the Trustee incurs expenses or renders
services in connection with an Event of Default specified in
Section 7.01(d) or Section 7.01(e), the expenses and
the compensation for the services are intended to constitute
expenses of administration under any bankruptcy law.

32

 

     
All indemnifications and releases from liability
granted hereunder to the Trustee shall extend to its officers,
directors, employees, agents, successors and assigns.

     
The Company’s obligations under this
Section 8.06 and any lien arising hereunder shall survive
the resignation or removal of any Trustee, the discharge of the
Company’s obligations pursuant to Article Four of this
Indenture and/or the termination of this Indenture.

     
SECTION 8.07.     Right
of Trustee to Rely on Certificate of Officers of Company.
Except as otherwise provided in Section 8.01, whenever in
the administration of the trusts of this Indenture the Trustee
shall deem it necessary or desirable that a matter be proved or
established prior to taking or suffering or omitting any action
hereunder, such matter (unless other evidence in respect thereof
be herein specifically prescribed) may be deemed to be
conclusively proved and established by an Officers’
Certificate, and such certificate shall be full warrant to the
Trustee for any action taken, suffered or omitted by it under
the provisions of this Indenture upon the faith thereof.

     
SECTION 8.08.     Trustee
Acquiring Conflicting Interest. If the Trustee has or shall
acquire a conflicting interest within the meaning of the Trust
Indenture Act of 1939, the Trustee shall either eliminate such
interest or resign, to the extent and in the manner provided by,
and subject to the provisions of, the Trust Indenture Act of
1939 and this Indenture. To the extent permitted by such Act,
the Trustee shall not be deemed to have a conflicting interest
by virtue of being a trustee for another series of Securities
under this Indenture. Nothing herein shall prevent the Trustee
from filing with the Securities and Exchange Commission the
application referred to in the second to last paragraph of
Section 310(b) of the Trust Indenture Act of 1939.

     
SECTION 8.09.     Requirements
for Eligibility of Trustee. The Trustee hereunder shall at
all times be a corporation organized and doing business under
the laws of the United States or of any State or Territory or of
the District of Columbia, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of
at least fifty million dollars, subject to supervision or
examination by Federal, State, Territorial, or District of
Columbia authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section 8.09, the
combined capital and surplus of such corporation shall be deemed
to be its combined capital and surplus as set forth in its most
recent report of condition so published. Neither the Company nor
any person directly or indirectly controlling, controlled by or
under common control with the Company shall serve as trustee for
the Securities issued hereunder. In case at any time the Trustee
shall cease to be eligible in accordance with provisions of this
Section 8.09, the Trustee shall resign immediately in the
manner and with the effect specified in Section 8.10.

     
SECTION 8.10.     Replacement
of Trustee. (a) The Trustee, or any successor hereafter
appointed, may at any time resign with respect to one or more
series of Securities and be discharged from the trust hereby
created by giving written notice thereof to the Company and by
mailing notice of such resignation to the Holders of then
Outstanding Securities of such series affected at their
addresses as they appear on the Security Register. Upon
receiving such notice of resignation, the Company shall promptly
appoint a successor trustee or trustees with respect to the
applicable series by written instrument, in duplicate, executed
by order of the Board of Directors, one copy of which instrument
shall be delivered to the resigning Trustee and one copy to the
successor trustee or trustees. If no successor trustee shall
have been so appointed with respect to any series of Securities
and have accepted appointment within thirty days after the
publication of such notice of resignation, the resigning Trustee
may petition any court of competent jurisdiction at the expense
of the Company for the appointment of a successor trustee, or
any Security Holder who has been a bona fide holder of a
Security or Securities of the applicable series for at least six
months may, subject to the provisions of Section 7.08, on
behalf of himself and all others similarly situated, petition
any such court for the appointment of a successor trustee. Such
court may thereupon after such notice, if any, as it may deem
proper and prescribe, appoint a successor trustee.

33

 

		
	 	     
    (b) In case at any time any of the following
    shall occur:
    

		
	 	     
    (i) the Trustee shall fail to comply with
    the provisions of Section 8.08 with respect to any series
    of Securities after written request therefor by the Company or
    by any Security Holder who has been a bona fide holder of a
    Security or Securities of the applicable series for at least six
    months, or
    
	 
	 	     
    (ii) the Trustee shall cease to be eligible
    in accordance with the provisions of Section 8.09 and shall
    fail to resign after written request therefor by the Company or
    by any such Security Holder, or
    
	 
	 	     
    (iii) the Trustee shall become incapable of
    acting with respect to any series of Securities, or shall be
    adjudged a bankrupt or insolvent, or a receiver of the Trustee
    or of its property shall be appointed, or any public officer
    shall take charge or control of the Trustee or of its property
    or affairs for the purpose of rehabilitation, conservation or
    liquidation,
    

		
	 	
    then, in any such case, the Company may remove
    the Trustee with respect to the applicable series of Securities
    and appoint a successor trustee for such series by written
    instrument, in duplicate, executed by order of the Board of
    Directors, one copy of which instrument shall be delivered to
    the Trustee so removed and one copy to the successor trustee,
    or, subject to the provisions of Section 7.08, any Security
    Holder who has been a bona fide holder of a Security or
    Securities of the applicable series for at least six months may,
    on behalf of himself and all others similarly situated, petition
    any court of competent jurisdiction for the removal of the
    Trustee and the appointment of a successor trustee with respect
    to such series. Such court may thereupon after such notice, if
    any, as it may deem proper and prescribe, remove the Trustee and
    appoint a successor trustee. If an instrument of acceptance by a
    successor Trustee shall not have been delivered to the Trustee
    within 30 days after giving of such notice of removal, the
    Trustee being removed may petition, at the expense of the
    Company, any court of competent jurisdiction for the appointment
    of a successor Trustee with respect to the Securities of such
    series.
    

		
	 	     
    (c) The Holders of a majority in aggregate
    principal amount of the Securities of each series at the time
    outstanding may at any time remove the Trustee and appoint a
    successor trustee with respect to Securities of such series by
    written instrument or instruments, in duplicate, signed by such
    Holders or their attorneys-in-fact duly authorized, one complete
    set of which instruments shall be delivered to the Trustee so
    removed and one complete set to the successor so appointed.
    
	 
	 	     
    (d) Any resignation or removal of the
    Trustee with respect to any series and appointment of a
    successor trustee with respect to such series pursuant to any of
    the provisions of this Section 8.10 shall become effective
    upon acceptance of appointment by the successor trustee as
    provided in Section 8.11.
    
	 
	 	     
    (e) The Company shall give notice of each
    resignation and each removal of the Trustee with respect to any
    series and each appointment of a successor trustee with respect
    to such series by mailing written notice of such event by
    first-class mail, postage prepaid, to the Holders of Securities
    of such series as their names and addresses appear in the
    Security Register. Each notice shall include the name of the
    successor trustee with respect to such series and the address of
    its principal corporate trust office.
    

     
SECTION 8.11.     Acceptance
by Successor to Trustee; Eligibility and Qualification of
Successor Trustee. Any successor trustee appointed as
provided in Section 8.10 shall execute, acknowledge and
deliver to the Company and to its predecessor trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor trustee with
respect to any applicable series shall become effective and such
successor trustee, without any further act, deed or conveyance,
shall become fully vested with all the rights, powers, duties
and obligations with respect to such series of its predecessor
hereunder, with like effect as if originally named as trustee
for such series herein. The predecessor trustee shall,
nevertheless, at the written request of the successor trustee,
pay over to the successor trustee all moneys at the time held by
it hereunder, subject nevertheless to its lien, if any, provided
for in Section 8.06; and the Company and the predecessor
trustee shall execute and deliver such

34

 

instruments and do such other things as may
reasonably be required for more fully and certainly vesting and
confirming in the successor trustee all such rights, powers,
duties and obligations.

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

     
No successor trustee with respect to any series
of Securities shall accept appointment as provided in this
Section 8.11 unless at the time of such acceptance such
successor trustee shall be qualified under the provisions of
Section 8.08 and eligible under the provisions of
Section 8.09.

     
SECTION 8.12.     Successor
to Trustee by Merger, Consolidation or Succession to
Business. Any corporation into which the Trustee may be
merged or with which it may be consolidated, or any corporation
resulting from any merger or consolidation to which the Trustee
shall be a party, or any corporation succeeding to all or
substantially all of the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder,
provided such corporation shall be qualified under the
provisions of Section 8.08 and eligible under the
provisions of Section 8.09, without the execution or filing
of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding.
In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by
merger, conversion or consolidation to such authenticating
Trustee may adopt such authentication and deliver the Securities
so authenticated with the same effect as if such successor
trustee had itself authenticated such Securities.

     
SECTION 8.13.     Preferential
Collection of Claims Against the Company. The Trustee shall
comply with Section 311(a) of the Trust Indenture Act of
1939 excluding any creditor relationship listed in
Section 311(b) of the Trust Indenture Act of 1939. A
Trustee who has resigned or been removed shall be subject to
Section 311(a) of the Trust Indenture Act of 1939 to the
extent indicated therein.

ARTICLE NINE

CONCERNING THE SECURITY HOLDERS

     
SECTION 9.01.     Evidence
of Action of Security Holders. Whenever in this Indenture it
is provided that the Holders of a specified percentage in
aggregate principal amount of Outstanding Securities of any or
all series may take any action (including the making of any
demand or request, the giving of any notice, consent or waiver
or the taking of any other action) the fact that at the time of
taking any such action the Holders of such specified percentage
have joined therein may be evidenced (a) by any instrument
or any number of instruments of similar tenor executed by
Security Holders in person or by attorney or proxy appointed in
writing, or (b) by the record of the Holders of Securities
voting in favor thereof at any meeting of Security Holders duly
called and held in accordance with the provisions of
Article Ten, or (c) by a combination of such
instrument or instruments and any such record of such a meeting
of Security Holders.

     
SECTION 9.02.     Proof
of Execution of Instruments and Holding of Securities.
Subject to the provisions of Section 8.01, proof of the
execution of any instrument by a Security Holder or his attorney
or proxy and proof of the holding by any person of any of the
Securities shall be sufficient for any purpose of this Indenture
if made in the following manner:

		
	 	     
    (a) The fact and date of the execution by
    any such person of any instrument may be proved by the
    certificate of any notary public, or other officer of any
    jurisdiction of or within the United States of America
    authorized to take acknowledgments of deeds, that the person
    executing such instrument
    

35

 

		
	 	
    acknowledged to him the execution thereof, or by
    an affidavit of a witness to such execution sworn to before any
    such notary or other such officer. Where such execution is by an
    officer of a corporation or association or a member of a
    partnership on behalf of such corporation, association or
    partnership, such certificate or affidavit shall also constitute
    sufficient proof of his authority. The fact and date of the
    execution of any such instrument, or the authority of the person
    executing the same, may also be proved in any other manner that
    the Trustee deems sufficient.
    
	 
	 	     
    (b) The ownership of Securities shall be
    proved by the register of such Securities or by a certificate of
    any duly appointed registrar thereof.
    

     
The Trustee shall not be bound to recognize any
person as a Security Holder unless and until his title to the
Securities held by him is proved in the manner in this
Article Nine provided.

     
The record of any Security Holders’ meeting
shall be proved in the manner provided in Section 10.06.

     
The Trustee may require such additional proof of
any matter referred to in this Section 9.02 as it shall
deem necessary.

     
SECTION 9.03.     Who
May Be Deemed Owners of Securities. The Company, the
Trustee, and any paying agent and any Security Registrar may
deem and treat the person in whose name any Security shall be
registered upon the books of the Company as the absolute owner
of such Security (whether or not such Security shall be overdue
and notwithstanding any notice of ownership or writing thereon
made by anyone other than the Company or any Security Registrar)
for the purpose of receiving payment of or on account of the
principal of, premium, if any, and interest on such Security and
for all other purposes; and neither the Company nor the Trustee
nor any paying agent nor any Security Registrar shall be
affected by any notice to the contrary. All such payments so
made to any such registered Holder for the time being or upon
his order shall be valid and, to the extent of the sum or sums
so paid, effectual to satisfy and discharge the liability for
moneys payable upon any such Security.

     
SECTION 9.04.     Securities
Owned by Company or Controlled or Controlling Persons
Disregarded for Certain Purposes. In determining whether the
Holders of the requisite aggregate principal amount of
Outstanding Securities of any or all series have concurred in
any direction, consent or waiver under this Indenture,
Securities which are owned by the Company or any other obligor
on the Securities, or by any person directly or indirectly
controlling or controlled by or under direct or indirect common
control with the Company or any other obligor on the Securities,
shall be disregarded and deemed not to be outstanding for the
purpose of any such determination, except that for the purpose
of determining whether the Trustee shall be protected in relying
on any such direction, consent or waiver only Securities which
the Trustee knows are so owned shall be so disregarded.
Securities so owned which have been pledged in good faith may be
regarded as Outstanding for the purposes of this Section 9.04,
if the pledgee shall establish to the satisfaction of the
Trustee the pledgee’s right to vote such Securities and
that the pledgee is not a person directly or indirectly
controlling or controlled by or under direct or indirect common
control with the Company or any such other obligor. In case of a
dispute as to such right, any decision by the Trustee taken upon
the written advice of counsel shall be full protection to the
Trustee. Upon request of the Trustee, the Company shall furnish
to the Trustee promptly an Officers’ Certificate listing
and identifying all Securities, if any, known by the Company to
be owned or held by or for the account of any of the
above-described persons; and, subject to Sections 8.01 and
8.02, the Trustee shall be entitled to accept such
Officers’ Certificate as conclusive evidence of the facts
therein set forth and of the fact that all Securities not listed
therein are Outstanding for the purpose of any such
determination unless the Trustee has actual knowledge to the
contrary.

     
SECTION 9.05.     Action
by Security Holders Binds Future Holders. Any demand,
request, waiver, consent or vote of the Holder of any Security
shall be conclusive and binding upon such Holder and upon all
future Holders and owners of such Security, and of any Security
issued in exchange therefor or in place thereof, irrespective of
whether or not any notation in regard thereto is made upon such
Security. However, any such Holder or future Holder may revoke
the consent, waiver or action as to such Holder’s Security
if the Trustee receives the notice of revocation before the date
the amendment, waiver or action becomes effective. An amendment
or waiver becomes effective upon the execution of such waiver or

36

 

amendment by the Trustee. Any action taken by the
Holders of the specified percentage in aggregate principal
amount of the Securities of any or all series, as the case may
be, specified in this Indenture in connection with such action
shall be conclusively binding upon the Company, the Trustee and
the Holders of all the Securities so specified.

ARTICLE TEN

SECURITY HOLDERS’ MEETINGS

     
SECTION 10.01.     Purposes
for Which Meetings May Be Called. A meeting of the Holders
of the Securities or any series thereof may be called at any
time and from time to time pursuant to the provisions of this
Article Ten for any of the following purposes:

		
	 	     
    (a) to give any notice to the Company or to
    the Trustee, or to give any directions to the Trustee, or to
    consent to the waiving of any default as to the Securities or
    any series thereof hereunder and its consequences, or to take
    any other action authorized to be taken by Security Holders
    pursuant to any of the provisions of Article Seven;
    
	 
	 	     
    (b) to remove the Trustee as to the
    Securities or any series thereof and appoint a successor trustee
    pursuant to the provisions of Article Eight;
    
	 
	 	     
    (c) to consent to the execution of an
    indenture or indentures as to the Securities or any series
    thereof supplemental hereto pursuant to the provisions of
    Section 11.02; or
    
	 
	 	     
    (d) to take any other action authorized to
    be taken by or on behalf of the Holders of any specified
    aggregate principal amount of the Outstanding Securities or any
    or all series thereof under any other provision of this
    Indenture, or authorized or permitted by law.
    

     
SECTION 10.02.     Manner
of Calling Meetings. The Trustee may at any time call a
meeting of the Holders of the Securities or any series thereof
to take any action specified in Section 10.01, to be held
at such time and at such place in the Borough of Manhattan, City
and State of New York, or in the City of Melbourne, State of
Florida, as the Trustee shall determine. Notice of every meeting
of Security Holders, setting forth the time and the place of
such meeting and in general terms the action proposed to be
taken at such meeting, shall be mailed by the Company, first
class postage prepaid, to the Holders of all Securities or all
Securities of the applicable series, as the case may be, at
their last addresses as they shall appear upon the Security
Register.

     
Any meeting of the Holders of the Securities or
any series thereof shall be valid without notice if the Holders
of all Securities or all Securities of the applicable series, as
the case may be, then Outstanding are present in person or by
proxy, or if notice is waived before or after the meeting by the
Holders of all such Securities or all Securities of the
applicable series, as the case may be, Outstanding, and if the
Company and the Trustee are either present by duly authorized
representatives or have, before or after the meeting, waived
notice.

     
SECTION
10.03.     Call of Meetings by
Company or Security Holders. In case at any time the
Company, pursuant to resolution of its Board of Directors, or
the Holders of at least twenty percent (20%) in aggregate
principal amount of the Securities or any series thereof then
Outstanding, shall have requested the Trustee to call a meeting
of the Holders of the Securities or any series thereof, as the
case may be, by written request setting forth in reasonable
detail the action proposed to be taken at the meeting, and the
Trustee of the Securities or the applicable series shall not
have mailed the notice of such meeting within twenty days after
receipt of such request, then the Company or the Holders of
Securities in the amount above specified may determine the time
and the place in the City of Melbourne, State of Florida, or in
the Borough of Manhattan, City and State of New York, for such
meeting and may call such meeting to take any action authorized
in Section 10.01, by mailing notice thereof as provided in
Section 10.02.

     
SECTION 10.04.     Who
May Attend and Vote at Meetings. To be entitled to vote at
any meeting of Security Holders a person shall (a) be a
Holder of one or more Securities and, if the meeting is of the
Holders of one or more series of Securities, of the applicable
series; or (b) be a person appointed by an

37

 

instrument in writing as proxy for the Holder or
Holders of such Securities. The only persons who shall be
entitled to be presentor to speak at any meeting of Security
Holders shall be the persons entitled to vote at such meeting
and their counsel and any representatives of the Trustee and its
counsel and any representatives of the Company and its counsel.

     
SECTION 10.05.     Regulations
May Be Made by Trustee; Conduct of the Meeting; Voting Rights;
Adjournment. Notwithstanding any other provisions of this
Indenture, the Trustee may make such reasonable regulations as
it may deem advisable for any meeting of Security Holders, in
regard to proof of the holding of Securities and of the
appointment of proxies, and in regard to the appointment and
duties of inspectors of votes, and submission and examination of
proxies, certificates and other evidence of the right to vote,
and such other matters concerning the conduct of the meeting as
it shall think fit. Except as otherwise permitted or required by
any such regulations, the holding of Securities shall be proved
in the manner specified in Section 9.02 and the appointment
of any proxy shall be proved in the manner specified in said
Section 9.02 or by having the signature of the person
executing the proxy witnessed or guaranteed by any bank or trust
company satisfactory to the Trustee.

     
The Trustee shall, by an instrument in writing,
appoint a temporary chairman of the meeting, unless the meeting
shall have been called by the Company or by Security Holders as
provided in Section 10.03, in which case the Company or the
Security Holders calling the meeting, as the case may be, shall
in like manner appoint a temporary chairman. A permanent
chairman and a permanent secretary of the meeting shall be
elected by vote of the Holders of a majority in principal amount
of the Securities represented at the meeting and entitled to
vote.

     
Subject to the provisions of Section 9.04,
at any meeting each Holder of Securities or Securities of the
applicable series, as the case may be, or proxy shall be
entitled to one vote for each $1,000 principal amount of
Securities entitled to vote at the meeting, provided,
however, that no vote shall be cast or counted at any
meeting in respect of any Securities challenged as not
Outstanding and ruled by the chairman of the meeting to be not
Outstanding. The chairman of the meeting shall have no right to
vote other than by virtue of Securities held by him or
instruments in writing as aforesaid duly designating him as the
person to vote on behalf of other Security Holders. Any meeting
of Security Holders duly called pursuant to the provisions of
Section 10.02 or 10.03 may be adjourned from time to time,
and the meeting may be held as so adjourned without further
notice.

     
SECTION 10.06.     Manner
of Voting at Meetings and Record to Be Kept. The vote upon
any resolution submitted to any meeting of Security Holders
shall be by written ballots on which shall be subscribed the
signatures of the Holders of Securities or of their
representatives by proxy and the principal amount of the
Securities voted by the ballot. The permanent chairman of the
meeting shall appoint two inspectors of votes, who shall count
all votes cast at the meeting for or against any resolution and
who shall make and file with the secretary of the meeting their
verified written reports in duplicate of all votes cast at the
meeting. A record in duplicate of the proceedings of each
meeting of Security Holders shall be prepared by the secretary
of the meeting and there shall be attached to said record the
original reports of the inspectors of votes on any vote by
ballot taken thereat and affidavits by one or more persons
having knowledge of the facts, setting forth a copy of the
notice of the meeting and showing that said notice was published
as provided in Section 10.02. The record shall be signed and
verified by the affidavits of the permanent chairman and
secretary of the meeting and one of the duplicates shall be
delivered to the Company and the other to the Trustee to be
preserved by the Trustee, the latter to have attached thereto
the ballots voted at the meeting.

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

     
SECTION 10.07.     Exercise
of Rights of Trustee or Security Holders Not Hindered by Call of
Meeting. Nothing in this Article Ten contained shall be
deemed or construed to authorize or permit, by reason of any
call of a meeting of Security Holders or any rights expressly or
impliedly conferred hereunder to make such call, any hindrance
or delay in the exercise of any right or rights conferred upon
or reserved to the

38

 

Trustee or to the Holders of Securities or any
series thereof under any of the provisions of this Indenture or
of the Securities.

ARTICLE ELEVEN

SUPPLEMENTAL INDENTURES

     
SECTION 11.01.     Purposes
for Which Supplemental Indenture May Be Entered Into Without
Consent of Security Holders. The Company, when authorized by
a Board Resolution, and the Trustee, subject to the conditions
and restrictions in this Indenture contained, may from time to
time and at any time enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of
the Trust Indenture Act of 1939 as then in effect) for one or
more of the following purposes:

		
	 	     
    (a) to convey, transfer, assign, mortgage or
    pledge to the Trustee as security for the Securities of one or
    more series any property or assets or add any guarantee in
    respect of the Securities of one or more series or this
    Indenture;
    
	 
	 	     
    (b) to evidence the succession of another
    corporation to the Company, or successive successions, and the
    assumptions by the successor corporation of the covenants,
    agreements and obligations of the Company pursuant to
    Article Twelve;
    
	 
	 	     
    (c) to add to the covenants and agreements
    of the Company contained in this Indenture, for the benefit of
    the Holders of the Securities, or to surrender any right or
    power herein reserved to or conferred upon the Company;
    
	 
	 	     
    (d) to cure any ambiguity or to correct or
    supplement any defective or inconsistent provision contained in
    this Indenture or in any supplemental indenture, provided
    that no such action shall adversely affect the interests of the
    Holders of the Securities;
    
	 
	 	     
    (e) to establish the form or terms of
    Securities of any series as permitted by Sections 2.01 and
    2.03;
    
	 
	 	     
    (f) to evidence and provide for the
    acceptance of appointment hereunder by a successor trustee with
    respect to the Securities of one or more series and to add to or
    change any of the provisions of this Indenture as shall be
    necessary to provide for or facilitate the administration of the
    trusts hereunder by more than one trustee, pursuant to the
    requirements of Section 8.11;
    
	 
	 	     
    (g) to make any change necessary to comply
    with any requirement of the SEC in connection with the
    qualification of this Indenture or any supplemental indenture
    under the Trust Indenture Act of 1939, provided that such
    modification or amendment does not materially and adversely
    affect the interests of the holders of the Securities;
    
	 
	 	     
    (h) to provide for uncertificated Securities
    in addition to or in place of certificated Securities or to
    provide for bearer Securities; provided, however, that
    the uncertificated Securities are issued in registered form for
    purposes of Section 163(f) of the Internal Revenue Code of
    1986, as amended, or in a manner such that the uncertificated
    Securities are described in Section 163(f)(2)(B) of such
    Internal Revenue Code;
    
	 
	 	     
    (i) to make such provisions with respect to
    matters or questions arising under this Indenture as may be
    necessary or desirable and not inconsistent with this Indenture,
    provided that such other provisions shall not adversely
    affect the interest of the Holders of the Securities; or
    
	 
	 	     
    (j) to make any change in
    Article Fourteen that would limit or terminate the rights
    of any holder of Senior Indebtedness under Article Fourteen,
    subject to any required approvals of the holders of such Senior
    Indebtedness.
    

     
The Trustee is hereby authorized to join with the
Company in the execution of any supplemental indenture
authorized or permitted by the terms of this Indenture, to make
any further appropriate agreements and stipulations which maybe
therein contained, but the Trustee shall not be obligated to
enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this
Indenture or otherwise.

39

 

     
Any supplemental indenture authorized by the
provisions of this Section 11.01 may be executed by the Company
and the Trustee without notice to or the consent of the Holders
of any of the Securities at the time Outstanding,
notwithstanding any of the provisions of Section 11.02.

     
After an amendment under this Section 11.01
becomes effective, the Company shall mail to the Holders of the
affected series a notice briefly describing such amendment. The
failure to give such notice to all Holders, or any defect
therein, shall not impair or affect the validity of an amendment
under this Section 11.01.

     
An amendment under this Section in respect of the
Securities of any series may not make any change that adversely
affects the rights under Article Fourteen of any holder of
Senior Indebtedness then outstanding unless the holders of such
Senior Indebtedness (or their Representative) consent to such
change.

     
SECTION 11.02.     Modification
of Indenture with Consent of Holders. With the consent
(evidenced as provided in Section 9.01) of the Holders (or
persons entitled to vote, or to give consents respecting the
same) of not less than a majority in aggregate principal amount
of the Securities at the time Outstanding of any series affected
by such supplemental indenture (including consents obtained in
connection with a tender offer or exchange offer for such
Securities), the Company, when authorized by a Board Resolution,
and the Trustee may from time to time and at any time enter into
an indenture or indentures supplemental hereto (which shall
conform to the provisions of the Trust Indenture Act of 1939 as
then in effect) 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 and obligations of the Holders of the
Securities of such series and of the Company; provided,
however, that no such supplemental indenture shall
(a) extend the fixed maturity of any Securities, or reduce
the principal amount thereof, or reduce the rate or extend the
time of payment of interest thereon, or make the Securities
payable in money other than that stated in the Securities, or
reduce any premium payable upon the redemption thereof, or
change the time at which any Security may or must be redeemed,
or reduce the amount of the principal of an Original Issue
Discount Security that would be due and payable upon an
acceleration of the maturity thereof pursuant to
Section 7.01 or the amount thereof provable in bankruptcy
pursuant to Section 7.02, or impair or affect the right of any
Security Holder to institute suit for the payment of principal
of and interest on such Security Holder’s Securities on and
after the due dates therefor, or waive a default or Event of
Default regarding any payment on the Securities, or if the
Securities provide therefor, any right of repayment at the
option of the Security Holder, or make any change in
Article Fourteen that adversely affects the rights of any
Security Holder under Article Fourteen, in each case
without the consent of the Holder of each Security so affected,
or (b) reduce the aforesaid percentage of Securities of any
series, the Holders of which are required to consent to any such
supplemental indenture, without the consent of the Holders of
each Security so affected.

     
A supplemental indenture which changes or
eliminates any covenant or other provision of this Indenture
which has expressly been included solely for the benefit of one
or more particular series of Securities, or which modifies the
rights of Holders of Securities of such series, with respect to
such covenant or provision, shall be deemed not to affect the
rights under this Indenture of the Holders of Securities of any
other series.

     
Upon the request of the Company, accompanied by a
copy of a resolution of its Board of Directors certified by the
Secretary or an Assistant Secretary of the Company authorizing
the execution of any such supplemental indenture, and upon the
filing with the Trustee of evidence of the consent of Security
Holders as aforesaid, the Trustee shall join with the Company in
the execution of such supplemental indenture unless such
supplemental indenture affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise, in which
case the Trustee may in its discretion but shall not be
obligated to enter into such supplemental indenture.

     
It shall not be necessary for the consent of the
Security Holders under this Section 11.02 to approve the
particular form of any proposed supplemental indenture, but it
shall be sufficient if such consent shall approve the substance
thereof.

40

 

     
The Company may in its discretion establish a
record date with respect to any action to be taken pursuant to
this Section.

     
Promptly after the execution by the Company and
the Trustee of any supplemental indenture pursuant to the
provisions of this Section 11.02, the Company shall mail
written notice, setting forth in general terms the substance of
such supplemental indenture, by first-class mail, postage
prepaid, to the Holders of the then Outstanding Securities of
each series affected thereby as their names and addresses appear
in the Security Register. Any failure of the Company to mail
such notice, or any defect therein, shall not, however, in any
way impair or affect the validity of any such supplemental
indenture.

     
An amendment under this Section in respect of the
Securities of any series may not make any change that adversely
affects the rights under Article Fourteen of any holder of
Senior Indebtedness then outstanding unless the holders of such
Senior Indebtedness (or their Representative) consent to such
change.

     
SECTION 11.03.     Effect
of Supplemental Indentures. Upon the execution of any
supplemental indenture pursuant to the provisions of this
Article Eleven or of Article Twelve, this Indenture
shall be and be deemed to be modified and amended in accordance
therewith and the respective rights, limitations of rights,
obligations, duties and immunities under this Indenture of the
Trustee, the Company and the Holders of Securities of each
series affected thereby shall thereafter be determined,
exercised and enforced hereunder subject in all respects to such
modifications and amendments, and all the terms and conditions
of any such supplemental indenture shall be and be deemed to be
part of the terms and conditions of this Indenture for any and
all purposes.

     
SECTION 11.04.     Securities
May Bear Notation of Changes. Securities authenticated and
delivered after the execution of any supplemental indenture
affecting such Securities pursuant to the provisions of this
Article Eleven, or after any action taken at a Security
Holders’ meeting pursuant to Article Ten, may bear a
notation in form approved by the Trustee as to any matter
provided for in such supplemental indenture or as to any action
taken at any such meeting; and, in such case, suitable notation
may be made upon Outstanding Securities of each series affected
thereby after proper presentation and demand. If the Company or
the Trustee shall so determine, new Securities so modified as to
conform, in the opinion of the Trustee and the Board of
Directors of the Company, to any modification of this Indenture
contained in any such supplemental indenture, or to any action
taken at any such meeting, may be prepared by the Company,
authenticated by the Trustee and delivered in exchange for the
Securities affected by a supplemental indenture then
Outstanding, upon demand of, and without cost to, the Holders
thereof, upon surrender of such Securities. Failure to make an
appropriate notation or to issue new Securities shall not affect
the validity of any supplemental indenture.

     
SECTION 11.05.     Trustee
to Sign Amendments, etc. The Trustee, subject to the
provisions of Section 8.01, may receive an Officers’
Certificate and Opinion of Counsel as conclusive evidence that
any supplemental indenture executed pursuant to this
Article Eleven is authorized or permitted by the terms of
this Indenture and that it is not inconsistent therewith.

     
SECTION 11.06.     Payment
for Consent. Neither the Company nor any affiliate of the
Company shall, directly or indirectly, pay or cause to be paid
any consideration, whether by way of interest, fee or otherwise,
to any Holder of Securities of any series for or as an
inducement to any consent, waiver or amendment of any of the
terms or provisions of this Indenture or the Securities of such
series unless such consideration is offered to be paid to all
Holders of such series that so consent, waive or agree to amend
in the time frame set forth in the solicitation documents
relating to such consent, waiver or agreement.

ARTICLE TWELVE

CONSOLIDATION, MERGER OR SALE

     
SECTION 12.01.     Consolidation,
Merger or Sale. The Company covenants and agrees that it
will not, in a single transaction or series of related
transactions, consolidate or merge with or into any other
person, or sell or transfer all or substantially all of its
property and assets to any other person, unless (a) the
person formed by or resulting from any such consolidation or
merger, or which shall have received the

41

 

transfer of all or substantially all of the
property and assets of the Company, shall assume the due and
punctual performance and observance of all of the covenants and
conditions to be performed or observed by the Company hereunder,
and (b) the Company, such person or such successor person,
as the case may be, shall not, immediately after such
consolidation, merger, sale or transfer, be in default in the
performance of any such covenant or condition.

     
Subject to the provisions of Section 8.01,
the Trustee may receive an Opinion of Counsel as conclusive
evidence that the instrument or instruments evidencing any
mortgage and pledge referred to above comply with the foregoing
conditions and provisions of this Section 12.01.

     
SECTION 12.02.     Securities
and Indenture to Be Assumed by Successor on Consolidation,
Merger or Sale. Subject to the provisions of
Section 12.01, nothing in this Indenture shall prevent any
consolidation or merger of the Company with or into any other
person, or any sale, or transfer of all or substantially all of
the property and assets of the Company to any other person
lawfully entitled to acquire the same; provided, however,
and the Company covenants and agrees, that any such
consolidation, merger, sale, or transfer shall be upon the
condition that the due and punctual payment of the principal,
premium, if any, and interest of all the Securities according to
their tenor, and the due and punctual performance and observance
of all the terms, covenants and conditions of the Indenture to
be kept or performed by the Company shall, by an indenture
supplemental hereto, executed and delivered to the Trustee, be
assumed by the person formed by or resulting from any such
consolidation or merger (provided that no such
supplemental indenture shall be required if the Company is the
surviving person upon the consolidation or merger), or which
shall have received the transfer of all or substantially all of
the property and assets of the Company, just as fully and
effectually as if such successor person had been the original
“Company” hereunder. Every such successor person upon
executing an indenture supplemental hereto, as provided in this
Section 12.02, in form satisfactory to the Trustee, shall
succeed to and be substituted for the Company with the same
effect as if it had been named herein as the
“Company”; and any order, certificate, statement,
request, instructions, advice or resolutions of the Board of
Directors or officers of the Company provided for in this
Indenture may be made by like officials of such successor person.

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

     
In the event of any such sale or transfer (other
than a transfer by way of lease), the Company or any successor
person which shall theretofore have become such in the manner
described in this Article shall be discharged from all
obligations and covenants under this Indenture and the
Securities.

     
Subject to the provisions of Section 8.01,
the Trustee may receive an Opinion of Counsel as conclusive
evidence that any such indenture supplemental hereto complies
with the foregoing conditions and provisions of this Section
12.02.

     
This Section 12.02 shall be applicable to
successive consolidations or mergers to which the Company
(including any successor) is a party and to successive sales or
transfers by the Company (including any successor).

ARTICLE THIRTEEN

MISCELLANEOUS PROVISIONS

     
SECTION 13.01.     Successors
and Assigns of Company. All the covenants, stipulations,
promises and agreements contained in this Indenture by or in
behalf of the Company shall bind its successors and assigns,
whether so expressed or not.

     
SECTION 13.02.     Acts
of Board, Committee or Officers of Successor Corporation.
Any act or proceeding by any provision of this Indenture
authorized or required to be done or performed by any board,
committee or officer of the Company shall and may be done and
performed with like force and effect by the like board,
committee or officer of any corporation that shall at the time
be the lawful successor of the Company.

42

 

     
SECTION 13.03.     Surrender
of Powers by Company. Subject to Section 5.09, the
Company by instrument in writing executed by authority of a
majority of its Board of Directors and delivered to the Trustee
may surrender any of the powers reserved to the Company and
thereupon such power so surrendered shall terminate both as to
the Company and as to any successor corporation.

     
SECTION 13.04.     Required
Notices or Demands May Be Served by Mail. Any notice or
demand which by any provision of this Indenture is required or
permitted to be given or served by the Trustee or by the Holders
of Securities to or on the Company may be given or served by
being deposited postage prepaid in a post-office letterbox
addressed (until another address is filed in writing by the
Company with the Trustee) as follows: Harris Corporation, 1025
W. NASA Boulevard, Melbourne, Florida 32919, Attention:
Corporate Secretary. Any notice, election, request or demand by
any Security Holder to or upon the Trustee shall be deemed to
have been sufficiently given or made, for all purposes, if given
or made at the Corporate Trust Office of the Trustee, which
presently is located at 101 Barclay Street, Floor 8 West, New
York, New York 10286, Attention: Corporate Trust Administration.

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

     
SECTION 13.05.     Payments
Due on Sundays or Holidays. In any case where the date of
maturity of interest or principal of the Securities of any
series or the date of redemption of any Security of any series
shall not be a Business Day, then payment of interest or
principal or premium, if any, may be made on the next succeeding
Business Day or as otherwise provided in the Securities of any
series with the same force and effect as if such payment had
been made or such Security surrendered on the nominal date of
maturity or redemption, and no interest shall accrue for the
period after such nominal date.

     
SECTION 13.06.     Officers’
Certificate and Opinion of Counsel to Be Furnished upon
Applications or Demands by Company. Upon any application or
demand by the Company to the Trustee to take any action under
any of the provisions of this Indenture, the Company shall
furnish to the Trustee an Officers’ Certificate stating
that all conditions precedent (including any covenants
compliance with which constitutes a condition precedent), if
any, provided for in this Indenture relating to the proposed
action have been complied with and an Opinion of Counsel stating
that in the opinion of such counsel all such conditions
precedent (including any covenants compliance with which
constitutes a condition precedent) have been complied with.

     
Each certificate or opinion provided for in this
Indenture and delivered to the Trustee with respect to
compliance with a condition or covenant provided for in this
Indenture (other than annual certificates provided pursuant to
Section 5.13) shall include (a) a statement that the
person making such certificate or opinion has read such covenant
or condition and the definitions relating thereto; (b) a
brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in
such certificate or opinion are based; (c) a statement
that, in the opinion of such 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.

     
Any certificate, statement or opinion of any
officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of or
representations by counsel, unless such officer knows that the
certificate or opinion or representations with respect to the
matters upon which his certificate, statement or opinion may be
based as aforesaid are erroneous, or in the exercise of
reasonable care should know that the same are erroneous. Any
certificate, statement or opinion of counsel may be based,
insofar as it relates to factual matters, upon a certificate,
statement or opinion of, or representations by, an officer

43

 

or officers of the Company stating that the
information with respect to such factual matters is in the
possession of the Company, unless such counsel knows that the
certificate, statement or opinion or representations with
respect to the matters upon which his certificate, statement or
opinion may be based as aforesaid are erroneous, or in the
exercise of reasonable care should know that the same are
erroneous.

     
Any certificate, statement or opinion of an
officer of the Company or of counsel may be based, insofar as it
relates to accounting matters, upon a certificate or opinion of
or representations by an independent accountant or firm of
independent accountants in the employ of the Company, unless
such officer or counsel, as the case may be, knows that the
certificate or opinion or representations with respect to the
accounting matters upon which his certificate, statement or
opinion may be based as aforesaid are erroneous, or in the
exercise of reasonable care should know that the same are
erroneous.

     
SECTION 13.07.     Provisions
of Trust Indenture Act of 1939 to Control. If and to the
extent that any provision of this Indenture limits, qualifies or
conflicts with a provision of the Trust Indenture Act of 1939
that is required under such Act to be a part of and govern this
Indenture, the latter provision shall control. If any provision
of this Indenture modifies or excludes any provision of the
Trust Indenture Act of 1939 that may be so modified or excluded,
the latter provision shall be deemed to apply to this Indenture
as so modified or to be excluded, as the case may be.

     
SECTION 13.08.     Substituted
Publication or Notice. In case, by reason of the temporary
or permanent suspension of publication of any newspaper, or by
reason of any other cause, it shall be impossible to make
publication of any notice required hereby in a newspaper as
herein provided, then such publication or other notice in lieu
thereof as shall be made with the approval of the Trustee shall
constitute a sufficient publication of such notice. Such
publication or other notice shall, so far as may be, approximate
the terms and conditions of the publication in lieu of which it
is given.

     
SECTION 13.09.     Effect
of Invalidity of Provisions. In case any one or more of the
provisions contained in this Indenture or in the Securities of
any series shall for any reason be held to be invalid, illegal
or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provisions of this
Indenture or of such Securities, but this Indenture and such
Securities shall be construed as if such invalid or illegal or
unenforceable provision had never been contained herein or
therein.

     
SECTION 13.10.     Indenture
to Be Construed in Accordance with New York Law. This
Indenture shall be construed in accordance with and governed by
the laws of the State of New York, without regard to conflict of
law principles.

     
SECTION 13.11.     Incorporators,
Stockholders, Officers and Directors of Company Exempt from
Individual Liability. No recourse under or upon any
obligation, covenant or agreement contained in this Indenture,
or in any Security, or because of any indebtedness evidenced
thereby, shall be had against any incorporator, as such or
against any past, present or future stockholder, officer or
director, as such, of the Company or of any successor, either
directly or through the Company or any successor, under any rule
of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable
proceeding or otherwise, all such liability being expressly
waived and released by the acceptance of the Securities by the
Holders thereof and as part of the consideration for the issue
of the Securities.

     
SECTION 13.12.     Provisions
of Indenture for the Sole Benefit of Parties and Holders of
Securities. Nothing in this Indenture or in the Securities,
expressed or implied, shall give or be construed to give to any
person, other than the parties hereto and their successors and
the Holders of the Securities, any legal or equitable right,
remedy or claim under this Indenture or under any covenant or
provision herein contained, all such covenants and provisions
being for the sole benefit of the parties hereto and their
successors and of the Holders of the Securities.

     
SECTION 13.13.     Indenture
May Be Executed in Counterparts. This Indenture may be
executed in any number of counterparts, each of which shall be
an original; but such counterparts shall together constitute but
one and the same instrument. The Bank of New York hereby accepts
the trusts in this Indenture declared and provided, upon the
terms and conditions hereinabove set forth.

44

 

     
SECTION 13.14.     Table
of Contents; Headings. The table of contents,
cross-reference sheet and headings of the Articles and Sections
of this Indenture have been inserted for convenience of
reference only, are not intended to be considered a part hereof
and shall not modify or restrict any of the terms or provisions
hereof.

ARTICLE FOURTEEN

SUBORDINATION

     
SECTION 14.01.     Agreement
to Subordinate. Except as otherwise provided in a
supplemental indenture or pursuant to Section 2.03, the
Company agrees, and each Security Holder by accepting a Security
agrees, that the Indebtedness evidenced by the Securities is
subordinated in right of payment, to the extent and in the
manner provided in this Article Fourteen, to the prior
payment in full in cash of all Senior Indebtedness and that the
subordination is for the benefit of and enforceable by the
holders of such Senior Indebtedness. All provisions of this
Article Fourteen shall be subject to Section 14.12.

     
SECTION 14.02.     Liquidation,
Dissolution, Bankruptcy. Upon any payment or distribution of
the assets of the Company to creditors upon a total or partial
liquidation or a total or partial dissolution of the Company or
in a bankruptcy, reorganization, insolvency, receivership or
similar proceeding relating to the Company or its property:

		
	 	     
    (1) holders of Senior Indebtedness shall be
    entitled to receive payment in full in cash of such Senior
    Indebtedness before Security Holders shall be entitled to
    receive any payment of principal of or interest on or other
    amounts with respect to the Securities; and
    
	 
	 	     
    (2) until such Senior Indebtedness is paid
    in full in cash, any payment or distribution to which Security
    Holders would be entitled but for this Article Fourteen
    shall be made to holders of such Senior Indebtedness as their
    interests may appear, except that Security Holders may receive
    shares of stock and any debt securities that are subordinated to
    such Senior Indebtedness to at least the same extent as the
    Securities.
    

     
SECTION 14.03.     Default
on Senior Indebtedness. The Company shall not pay the
principal of or interest on or other amounts with respect to the
Securities or make any deposit pursuant to Section 4.01 and
may not purchase, redeem or otherwise retire any Securities
(collectively, “pay the Securities”) if either
of the following (a “Payment Default”) occurs:
(1) any Senior Indebtedness is not paid in full in cash
when due; or (2) any other default on Senior Indebtedness
occurs and the maturity of such Senior Indebtedness is
accelerated in accordance with its terms unless, in either case,
the Payment Default has been cured or waived and any such
acceleration has been rescinded or such Senior Indebtedness has
been paid in full in cash; provided, however, that the
Company shall be entitled to pay the Securities without regard
to the foregoing if the Company and the Trustee receive written
notice approving such payment from the Representative of any
Senior Indebtedness with respect to which the Payment Default
has occurred and is continuing. During the continuance of any
default (other than a Payment Default) with respect to any
Senior Indebtedness pursuant to which the maturity thereof may
be accelerated immediately without further notice (except such
notice as may be required to effect such acceleration) or the
expiration of any applicable grace periods, the Company shall
not pay the Securities for a period (a “Payment Blockage
Period”) commencing upon the receipt by the Trustee of
(with a copy to the Company) written notice (a “Blockage
Notice”) of such default from the Representative of
such Senior Indebtedness specifying an election to effect a
Payment Blockage Period and ending 179 days thereafter. The
Payment Blockage Period shall end earlier if such Payment
Blockage Period is terminated (1) by written notice to the
Trustee and the Company from the person or persons who gave such
Blockage Notice; (2) because the default giving rise to
such Blockage Notice is cured, waived or otherwise no longer
continuing; or (3) because such Senior Indebtedness has
been discharged or repaid in full in cash. Notwithstanding the
provisions described in the immediately preceding two sentences
(but subject to the provisions contained in the first sentence
of this Section), unless the holders of such Senior Indebtedness
or the Representative of such Senior Indebtedness shall have
accelerated the maturity of such Senior Indebtedness, the
Company shall be entitled to resume payments on the Securities
after termination of

45

 

such Payment Blockage Period. The Securities
shall not be subject to more than one Payment Blockage Period in
any consecutive 360-day period irrespective of the number of
defaults with respect to Senior Indebtedness during such period.
For purposes of this Section, no default or event of default
which existed or was continuing on the date of the commencement
of any Payment Blockage Period with respect to the Senior
Indebtedness initiating such Payment Blockage Period shall be,
or be made, the basis of the commencement of a subsequent
Payment Blockage Period by the Representative of such Senior
Indebtedness, unless such default or event of default shall have
been cured or waived for a period of not less than 90
consecutive days.

     
SECTION 14.04.     Acceleration
of Payment of Securities. In the event of the acceleration
of any Securities because of an Event of Default, the holders of
Senior Indebtedness shall be entitled to receive payment in full
of all amounts due or to become due on or in respect of all
Senior Indebtedness or provision shall be made for such payment
in cash, before the Holders of the Securities are entitled to
receive any payment (including any payment which may be payable
by reason of the payment of any other indebtedness of the
Company being subordinated to the payment of the Securities) by
the Company on account of the principal of or interest on the
Securities or on account of the purchase, redemption or
retirement of Securities; provided, however, that nothing
in this Section 14.04 shall prevent the satisfaction of any
sinking fund payment in accordance with Article Three by
delivering and crediting pursuant to Section 3.05
Securities which have been acquired (upon redemption or
otherwise) prior to such declaration of acceleration; and
provided further, however, that money deposited pursuant
to Section 4.01 not in violation of this Indenture shall
not be subject to the claims of holders of Senior Indebtedness.
If payment of the Securities is accelerated because of an Event
of Default, the Company or the Trustee shall promptly notify the
holders of the Senior Indebtedness (or their Representatives) of
the acceleration.

     
SECTION 14.05.     When
Distribution Must Be Paid Over. If a distribution is made to
Security Holders that because of this Article Fourteen
should not have been made to them, the Security Holders who
receive the distribution shall hold it in trust for holders of
Senior Indebtedness and pay it over to them as their interests
may appear.

     
SECTION 14.06.     Subrogation.
After all Senior Indebtedness is paid in full and until the
Securities are paid in full, Security Holders shall be
subrogated to the rights of holders of such Senior Indebtedness
to receive distributions applicable to such Senior Indebtedness.
A distribution made under this Article Fourteen to holders
of such Senior Indebtedness which otherwise would have been made
to Security Holders is not, as between the Company and the
Security Holders, a payment by the Company on such Senior
Indebtedness.

     
SECTION 14.07.     Relative
Rights. This Article Fourteen defines the relative
rights of Security Holders and holders of Senior Indebtedness.
Nothing is this Indenture shall:

		
	 	     
    (1) impair, as between the Company and
    Security Holders, the obligation of the Company, which is
    absolute and unconditional, to pay principal of and interest on
    the Securities in accordance with their terms; or
    
	 
	 	     
    (2) prevent the Trustee or any Security
    Holder from exercising its available remedies upon an Event of
    Default, subject to the rights of holders of Senior Indebtedness
    to receive distributions otherwise payable to Security Holders.
    

     
SECTION 14.08.     Subordination
May Not Be Impaired by Company. No right of any holder of
Senior Indebtedness to enforce the subordination of the
Indebtedness evidenced by the Securities shall be impaired by
any act or failure to act by the Company or by its failure to
comply with this Indenture.

     
SECTION 14.09.     Rights
of Trustee and Paying Agent. Notwithstanding
Section 14.03, the Trustee (or paying agent, as applicable)
shall continue to make payments on the Securities and shall not
be charged with knowledge of the existence of facts that under
this Article Fourteen would prohibit the making of any such
payments unless, not less than two Business Days prior to the
date of such payment, a responsible officer of the Trustee
received notice satisfactory to it that such payments are
prohibited by this Article Fourteen. The Company, the
Security Registrar or co-registrar, the paying agent, a
Representative or a holder of Senior Indebtedness shall be
entitled to give the notice; provided, however,

46

 

that, if an issue of Senior Indebtedness has a
Representative, only the Representative shall be entitled to
give the notice.

     
The Trustee in its individual or any other
capacity shall be entitled to hold Senior Indebtedness with the
same rights it would have if it were not Trustee. The Security
Registrar and co-registrar and the paying agent shall be
entitled to do the same with like rights. The Trustee shall be
entitled to all the rights set forth in this
Article Fourteen with respect to any Senior Indebtedness
which may at any time be held by it, to the same extent as any
other holder of such Senior Indebtedness; and nothing in
Article Eight shall deprive the Trustee of any of its
rights as such holder. Nothing in this Article Fourteen
shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 8.06.

     
SECTION 14.10.     Distribution
or Notice to Representative. Whenever any person is to make
a distribution or give a notice to holders of Senior
Indebtedness, such person shall be entitled to make such
distribution or give such notice to their Representative (if
any).

     
SECTION 14.11.     Article Fourteen
Not to Prevent Events of Default or Limit Right to
Accelerate. The failure to make a payment pursuant to the
Securities by reason of any provision in this
Article Fourteen shall not be construed as preventing the
occurrence of an Event of Default. Nothing in this Article
Fourteen shall have any effect on the right of the Security
Holders or the Trustee to accelerate the maturity of the
Securities.

     
SECTION 14.12.     Trust
Moneys Not Subordinated. Notwithstanding anything contained
herein to the contrary, payments from money or the proceeds of
Government Obligations held in trust under Article Four by
the Trustee for the payment of principal of or interest on the
Securities shall not be subordinated to the prior payment of any
Senior Indebtedness or subject to the restrictions set forth in
this Article Fourteen, and none of the Security Holders
shall be obligated to pay over any such amount to the Company or
any holder of Senior Indebtedness or any other creditor of the
Company.

     
SECTION 14.13.     Trustee
Entitled to Rely. Upon any payment or distribution pursuant
to this Article Fourteen, the Trustee and the Security
Holders shall be entitled to rely (1) upon any order or
decree of a court of competent jurisdiction in which any
proceedings of the nature referred to in Section 14.02 are
pending, (2) upon a certificate of the liquidating trustee
or agent or other person making such payment or distribution to
the Trustee or to the Security Holders or (3) upon the
Representatives of Senior Indebtedness for the purpose of
ascertaining the persons entitled to participate in such payment
or distribution, the holders of such Senior Indebtedness and
other Indebtedness of the Company, the amount thereof or payable
thereon, the amount or amounts paid or distributed thereon and
all other facts pertinent thereto or to this
Article Fourteen. In the event that the Trustee determines,
in good faith, that evidence is required with respect to the
right of any person as a holder of Senior Indebtedness to
participate in any payment or distribution pursuant to this
Article Fourteen, the Trustee shall be entitled to request
such person to furnish evidence to the reasonable satisfaction
of the Trustee as to the amount of such Senior Indebtedness held
by such person, to the extent to which such person is entitled
to participate in such payment or distribution and other facts
pertinent to the rights of such person under this
Article Fourteen, and, if such evidence is not furnished,
the Trustee shall be entitled to defer any payment to such
person pending judicial determination as to the right of such
person to receive such payment. The provisions of
Article Eight shall be applicable to all actions or
omissions of actions by the Trustee pursuant to this
Article Fourteen.

     
SECTION 14.14.     Trustee
to Effectuate Subordination. Each Security Holder by
accepting a Security authorizes and directs the Trustee on his
behalf to take such action as may be necessary or appropriate to
acknowledge or effectuate the subordination between the Security
Holders and the holders of Senior Indebtedness as provided in
this Article Fourteen and appoints the Trustee as
attorney-in-fact for any and all such purposes.

     
SECTION 14.15.     Trustee
Not Fiduciary for Holders of Senior Indebtedness. The
Trustee shall not be deemed to owe any fiduciary duty to the
holders of Senior Indebtedness and shall not be liable to any
such holders if it shall mistakenly pay over or distribute to
Security Holders or the Company or any other

47

 

person, money or assets to which any holders of
Senior Indebtedness shall be entitled by virtue of this
Article Fourteen or otherwise.

     
SECTION 14.16.     Reliance
by Holders of Senior Indebtedness on Subordination
Provisions. Each Security Holder by accepting a Security
acknowledges and agrees that the foregoing subordination
provisions are, and are intended to be, an inducement and a
consideration to each holder of any Senior Indebtedness, whether
such Senior Indebtedness was created or acquired before or after
the issuance of the Securities, to acquire and continue to hold,
or to continue to hold, such Senior Indebtedness and such holder
of such Senior Indebtedness shall be deemed conclusively to have
relied on such subordination provisions in acquiring and
continuing to hold, or in the continuing to hold, such Senior
Indebtedness.

48

 

     
IN WITNESS WHEREOF, the undersigned, being duly
authorized, have executed this Subordinated Indenture on behalf
of the respective parties hereto as of the date first above
written.

		
	 	
    HARRIS CORPORATION
    

			
	 	By: 	
    /s/ HOWARD L. LANCE
    

		
	 	
    

	 	
    Name: Howard L. Lance
    
	 	
    Title: Chairman, President and Chief
    Executive Officer
    
	 
	 	
    THE BANK OF NEW YORK
    

			
	 	By: 	
    /s/ MARY LaGUMINA
    

		
	 	
    

	 	
    Name: Mary LaGumina
    
	 	
    Title: Vice President
    

49

 

STATE OF FLORIDA

COUNTY OF BREVARD

     
The foregoing instrument was acknowledged before
me this 2nd day of September, 2003, by Howard L. Lance, by
me personally known, as Chairman, President and Chief Executive
Officer of HARRIS CORPORATION, a Delaware corporation, on behalf
of the corporation.

		
	 	
    (SEAL)
    
	 	
    /s/ Rebecca L. Parman
    
	 	
    

	 
	 	
    

	 	
    Notary Public-State of Florida
    
	 	
    

	 	
    Commission Number: CC987877
    
	 	
    

STATE OF NEW YORK

COUNTY OF NEW YORK

     
The foregoing instrument was acknowledged before
me this 3rd day of September, 2003, by Mary LaGumina, by me
personally known, as Vice President of THE BANK OF NEW YORK, a
New York banking corporation, on behalf of the corporation.

		
	 	
    (SEAL)
    
	 	
    

	 
	 
	 	
    /s/ Robert Hirsch
    
	 	
    

	 	
    Notary Public-State of New York
    
	 	
    

	 	
    Commission Number: 01H16076679
    
	 	
    

50

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