Document:

Exhibit 4(a)

 

 

 

AMERIPRISE
FINANCIAL, INC.

 

AND

 

U.S. BANK

NATIONAL
ASSOCIATION

 

Trustee

 

 

 

 

Indenture

 

 

 

 

Dated as of
October 5, 2005

 

 

 

 

AMERIPRISE
FINANCIAL, INC.

Indenture Dated as of October 5, 2005

 

CROSS REFERENCE
SHEET*

 

Showing the Location in the Indenture of the
Provisions Inserted Pursuant to Sections 310 to 318(a) inclusive of the Trust
Indenture Act of 1939.

 

	
  Provisions
  of

  	
   

  	
   

  	
   

  
	
  Trust
  Indenture Act

  	
   

  	
   

  	
   

  
	
  of 1939

  	
   

  	
  Indenture Provision

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  § 310(a)(1), (2)

  	
   

  	
  § 8.09

  	
   

  
	
   

  	
  (3)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
  (4)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
  (b)

  	
   

  	
  § 8.08; § 8.10

  	
   

  
	
   

  	
  (c)

  	
   

  	
  Not Applicable

  	
   

  
	
  § 311(a)

  	
   

  	
  § 8.13(a)

  	
   

  
	
   

  	
  (b)

  	
   

  	
  § 8.13(b)

  	
   

  
	
   

  	
  (b)(2)

  	
   

  	
  § 9.03 (a)(ii); § 9.03(b)

  	
   

  
	
   

  	
  (c)

  	
   

  	
  Not Applicable

  	
   

  
	
  § 312(a)

  	
   

  	
  § 9.01; § 9.02(a)

  	
   

  
	
   

  	
  (b)

  	
   

  	
  § 9.02(b)

  	
   

  
	
   

  	
  (c)

  	
   

  	
  § 9.02(c)

  	
   

  
	
  § 313(a)

  	
   

  	
  § 9.03(a)

  	
   

  
	
   

  	
  (b)(1)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
   

  	
  (2)

  	
   

  	
  § 9.03(b)

  	
   

  
	
   

  	
  (c)

  	
   

  	
  § 9.03(a); § 9.03(b)

  	
   

  
	
   

  	
  (d)

  	
   

  	
  § 9.03(c)

  	
   

  
	
  § 314(a)

  	
   

  	
  § 9.04

  	
   

  
	
   

  	
  (b)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
  (c)

  	
   

  	
  § 1.02

  	
   

  
	
   

  	
  (d)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
  (e)

  	
   

  	
  § 1.02

  	
   

  
	
   

  	
  (f)

  	
   

  	
  Not Applicable

  	
   

  
	
  § 315(a)(1)

  	
   

  	
  § 8.01(a)(i)

  	
   

  
	
   

  	
   

  	
  (2)

  	
   

  	
  § 8.01(a)(ii)

  	
   

  
	
   

  	
  (b)

  	
   

  	
  § 8.02

  	
   

  
	
   

  	
  (c)

  	
   

  	
  § 8.01(b)

  	
   

  
	
   

  	
  (d)(1)

  	
   

  	
  § 8.01(a)

  	
   

  
	
   

  	
   

  	
  (2)

  	
   

  	
  § 8.01(c)(ii)

  	
   

  
	
   

  	
   

  	
  (3)

  	
   

  	
  § 8.01(c)(iii)

  	
   

  
	
   

  	
  (e)

  	
   

  	
  § 7.14

  	
   

  
	
  § 316(a)

  	
   

  	
  § 7.12; § 7.13

  	
   

  
	
   

  	
  (b)

  	
   

  	
  § 7.08

  	
   

  
	
   

  	
  (c)

  	
   

  	
  § 1.04

  	
   

  
	
  § 317(a)(1), (2)

  	
   

  	
  § 7.03; § 7.04

  	
   

  
	
   

  	
  (b)

  	
   

  	
  § 12.03

  	
   

  
	
  § 318(a)

  	
   

  	
  § 1.08

  	
   

  

 

i

 

*  This Cross Reference Sheet is
not part of the Indenture.

 

ii

 

TABLE OF CONTENTS

 

	
  ARTICLE ONE

  
	
  DEFINITIONS AND OTHER PROVISIONS OF
  GENERAL APPLICATION

  
	
   

  	
   

  
	
  Section
  1.01.

  	
  Definitions

  	
   

  
	
   

  	
   

  
	
  Act

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Affiliate

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Authenticating
  Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Authorized
  Newspaper

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Bearer
  Rules

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Board
  of Directors

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Board
  Resolution

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Business
  Day

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Commission

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Company
  Consent, Company Order and Company Request

  	
   

  
	
   

  	
   

  	
   

  
	
  Corporate
  Trust Office

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  corporation

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Defaulted
  Interest

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Depositary

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dollars
  and the sign “$”

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Event
  of Default

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Federal
  Bankruptcy Code

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Foreign
  Currency

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Global
  Security

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Holder

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Indenture

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  interest

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Interest
  Payment Date

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Lien

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Maturity

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Officer’s
  Certificate

  	
   

  	
   

  
				

 

iii

 

	
  Opinion
  of Counsel

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Original
  Issue Discount Security

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Outstanding

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Overdue
  Rate

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Paying
  Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Person

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Place
  of Payment

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Predecessor
  Securities

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Principal
  Subsidiaries

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  record
  date

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Redemption
  Date

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Redemption
  Price

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Responsible
  Officer

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Securities

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Securities
  Register and Securities Registrar

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Stated
  Maturity

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Subsidiary

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Trust
  Indenture Act and “TIA”

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  U.S.
  Government Obligations

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Vice
  President

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Voting
  Stock

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.02.

  	
  Compliance
  Certificates and Opinions.

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.03.

  	
  Form
  of Documents Delivered to Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.04.

  	
  Act of
  Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.05.

  	
  Notices,
  etc., to Trustee and Company

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.06.

  	
  Notice
  to Holders; Waiver

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.07.

  	
  Immunity
  of Incorporator, Stockholders, Officers and Directors

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.08.

  	
  Conflict
  with Trust Indenture Act

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.09.

  	
  Effect
  of Headings and Table of Contents

  	
   

  
				

 

iv

 

	
  Section
  1.10.

  	
  Successors
  and Assigns

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.11.

  	
  Separability
  Clause

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.12.

  	
  Benefits
  of Indenture

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.13.

  	
  Governing
  Law

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.14.

  	
  Cross
  References

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.15.

  	
  Counterparts

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.16.

  	
  Legal
  Holidays

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  1.17.

  	
  Securities
  in Foreign Currencies

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  TWO

  
	
  SECURITY
  FORMS

  
	
   

  	
   

  	
   

  
	
  Section
  2.01.

  	
  Forms
  Generally

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  2.02.

  	
  Form
  of Certificate of Authentication

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  2.03.

  	
  Securities
  in Global Form

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  THREE

  
	
  THE
  SECURITIES

  
	
   

  	
   

  	
   

  
	
  Section
  3.01.

  	
  Amount
  Unlimited; Issuable in Series

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.02.

  	
  Denominations

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.03.

  	
  Authentication
  and Dating

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.04.

  	
  Execution
  of Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.05.

  	
  Exchange
  and Registration of Transfer of Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.06.

  	
  Mutilated,
  Destroyed, Lost or Stolen Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.07.

  	
  Temporary
  Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.08.

  	
  Payment
  of Interest; Interest Rights Preserved

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.09.

  	
  Persons
  Deemed Owners

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.10.

  	
  Cancellation

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  3.11.

  	
  Computation
  of Interest

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  FOUR

  
	
  REDEMPTION
  OF SECURITIES

  
	
   

  	
   

  	
   

  
	
  Section
  4.01.

  	
  Applicability
  of Article

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  4.02.

  	
  Election
  to Redeem; Notice to Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  4.03.

  	
  Selection
  by Trustee of Securities to Be Redeemed

  	
   

  

 

v

 

	
  Section
  4.04.

  	
  Notice
  of Redemption

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  4.05.

  	
  Deposit
  of Redemption Price

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  4.06.

  	
  Securities
  Payable on Redemption Date

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  4.07.

  	
  Securities
  Redeemed in Part

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  FIVE

  
	
  SINKING
  FUNDS

  
	
   

  	
   

  	
   

  
	
  Section
  5.01.

  	
  Applicability
  of Article

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  5.02.

  	
  Satisfaction
  of Mandatory Sinking Fund Payments with Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  5.03.

  	
  Redemption
  of Securities for Sinking Fund

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE SIX

  
	
  SATISFACTION AND DISCHARGE

  
	
   

  	
   

  	
   

  
	
  Section
  6.01.

  	
  Satisfaction
  and Discharge of Indenture

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  6.02.

  	
  Satisfaction,
  Discharge and Defeasance of Securities of any Series

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  6.03.

  	
  Application
  of Trust Money

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  6.04.

  	
  Paying
  Agent to Repay Moneys Held

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  6.05.

  	
  Return of
  Unclaimed Moneys

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE SEVEN

  
	
  REMEDIES

  
	
   

  	
   

  	
   

  
	
  Section 7.01.

  	
  Events of
  Default

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.02.

  	
  Acceleration
  of Maturity; Rescission and Annulment

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.03.

  	
  Collection
  of Indebtedness and Suits for Enforcement by Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.04.

  	
  Trustee May
  File Proofs of Claim

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.05.

  	
  Trustee May
  Enforce Claims without Possession of Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.06.

  	
  Application
  of Money Collected

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.07.

  	
  Limitation on
  Suits

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.08.

  	
  Unconditional
  Right of Holders to Receive Principal, Premium and Interest

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.09.

  	
  Restoration
  of Rights and Remedies

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.10.

  	
  Rights and
  Remedies Cumulative

  	
   

  

 

vi

 

	
  Section
  7.11.

  	
  Delay or
  Omission Not Waiver

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.12.

  	
  Control by
  Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.13.

  	
  Waiver of
  Past Defaults

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.14.

  	
  Undertaking
  for Costs

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  7.15.

  	
  Waiver of
  Stay or Extension Laws

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE EIGHT

  
	
  THE TRUSTEE

  
	
   

  	
   

  	
   

  
	
  Section
  8.01.

  	
  Certain
  Duties and Responsibilities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.02.

  	
  Notice of
  Defaults

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.03.

  	
  Certain
  Rights of Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.04.

  	
  Not
  Responsible for Recitals or Issuance of Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.05.

  	
  May Hold
  Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.06.

  	
  Money Held in
  Trust

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.07.

  	
  Compensation
  and Reimbursement

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.08.

  	
  Disqualification;
  Conflicting Interests

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.09.

  	
  Corporate
  Trustee Required; Different Trustees for Different Series; Eligibility

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.10.

  	
  Resignation
  and Removal; Appointment of Successor

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.11.

  	
  Acceptance
  of Appointment by Successor

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.12.

  	
  Merger,
  Conversion, Consolidation or Succession to Business

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.13.

  	
  Preferential
  Collection of Claims against Company

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  8.14.

  	
  Authenticating
  Agent

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE NINE

  
	
  HOLDERS’ LISTS AND REPORTS BY
  TRUSTEE AND COMPANY

  
	
   

  	
   

  	
   

  
	
  Section
  9.01.

  	
  Company to
  Furnish Trustee Names and Addresses of Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  9.02.

  	
  Preservation
  of Information; Communications to Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.03.

  	
  Reports by
  Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.04.

  	
  Reports by
  Company

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE TEN

  
	
  CONSOLIDATION, MERGER, CONVEYANCE
  OR TRANSFER

  
	
   

  	
   

  	
   

  
	
  Section
  10.01.

  	
  Company May
  Consolidate, etc., Only on Certain Terms

  	
   

  

 

vii

 

	
  Section
  10.02.

  	
  Successor
  Corporation Substituted

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE ELEVEN

  
	
  SUPPLEMENTAL INDENTURES

  
	
   

  	
   

  	
   

  
	
  Section
  11.01.

  	
  Supplemental
  Indentures without Consent of Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  11.02.

  	
  Supplemental
  Indentures with Consent of Holders

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 11.03.

  	
  Execution
  of Supplemental Indentures

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  11.04.

  	
  Notice of
  Supplemental Indenture

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  11.05.

  	
  Effect of
  Supplemental Indentures

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  11.06.

  	
  Conformity
  with Trust Indenture Act

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  11.07.

  	
  Reference
  in Securities to Supplemental Indentures

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE TWELVE

  
	
  COVENANTS

  
	
   

  	
   

  	
   

  
	
  Section
  12.01.

  	
  Payment of
  Principal, Premium and Interest

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.02.

  	
  Maintenance
  of Office or Agency

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.03.

  	
  Money for
  Securities Payments to Be Held in Trust

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.04.

  	
  Payment of
  Taxes and Other Claims

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.05.

  	
  Statement
  as to Compliance

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.06.

  	
  Corporate
  Existence

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.07.

  	
  Restrictions
  on the Creation of Mortgages and Liens

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.08.

  	
  Permit No
  Vacancy in Office of Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.09.

  	
  Other
  Instruments and Acts

  	
   

  
	
   

  	
   

  	
   

  
	
  Section
  12.10.

  	
  Waiver

  	
   

  

 

viii

 

INDENTURE, dated as of October 5, 2005, between
AMERIPRISE FINANCIAL, INC., a Delaware corporation, having its principal office
at 707 2nd Avenue South, Minneapolis, Minnesota 55474 (the “Company”),
and U.S. BANK NATIONAL ASSOCIATION, a national banking association, having its
corporate trust office at 60 Livingston Avenue, St. Paul, Minnesota 55107, as
trustee hereunder (the “Trustee”).

 

RECITALS OF THE COMPANY

 

The Company is authorized to borrow money for its
corporate purposes and to issue debentures, notes or other evidences of
unsecured indebtedness therefor; and for its corporate purposes, the Company
has determined to make and issue its debentures, notes or other evidences of
unsecured indebtedness to be issued in one or more series (the “Securities”),
as hereinafter provided, up to such principal amount or amounts as may from
time to time be authorized by or pursuant to the authority granted in one or
more resolutions of the Board of Directors.

 

All things necessary to make this Indenture a valid
agreement of the Company, in accordance with its terms, have been done.

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

That, in consideration of the premises and of the
mutual covenants herein contained and of the purchase and acceptance of the
Securities by the holders thereof and of the sum of One Dollar to the Company
duly paid by the Trustee at or before the ensealing and delivery of these
presents, and for other valuable considerations, the receipt whereof is hereby
acknowledged, and in order to declare the terms and conditions upon which the
Securities are to be issued, IT IS HEREBY COVENANTED, DECLARED AND AGREED, by
and between the parties hereto, that all the Securities are to be executed,
authenticated and delivered subject to the further covenants and conditions
hereinafter set forth; and the Company, for itself and its successors, does
hereby covenant and agree to and with the Trustee and its successors in said
trust, for the benefit of those who shall hold the Securities, or any of them,
as follows:

ARTICLE ONE

 

DEFINITIONS AND
OTHER PROVISIONS OF GENERAL APPLICATION

 

Section 1.01.          Definitions.

 

For all purposes of this Indenture, of all indentures
supplemental hereto and all Securities issued hereunder except as otherwise
expressly provided or unless the context otherwise requires: (a) the terms
defined in this Article shall have the meanings assigned to them in this
Article, and include the plural as well as the singular; (b) all terms used in
this Indenture, in any indenture supplemental hereto or in any such Securities
which are defined in the Trust Indenture Act shall have the meanings assigned
to them in said Act; (c) all accounting terms not otherwise defined herein or
in such Securities shall have the meanings assigned to them in accordance with
generally accepted accounting principles.

 

1

 

Certain terms used in Article Eight hereof are defined
in that Article.

 

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

 

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

 

“Authenticating Agent.”  See Section 8.14 hereof.

 

“Authorized Newspaper” means a newspaper of
general circulation in the same city in which the Place of Payment with respect
to Securities of a series shall be located or in the Borough of Manhattan, The
City of New York, printed in the English language and customarily published on
each Business Day, whether or not published on Saturdays, Sundays or
holidays.  Whenever successive weekly
publications in an Authorized Newspaper are required hereunder they may be made
(unless otherwise expressly provided herein) on the same or different days of
the week and in the same or in different Authorized Newspapers.

 

“Bearer Rules” means the provisions of the
Internal Revenue Code, in effect from time to time, governing the treatment of
bearer obligations and any regulations thereunder including, to the extent
applicable to any series of Securities, proposed or temporary regulations.

 

“Board of Directors” means either the board
of directors of the Company or any committee of that board duly authorized to
act for it in respect hereof.

 

“Board Resolution” means a copy of a
resolution or 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 on the date of such certification, and delivered to the
Trustee.

 

“Business Day” means (i) when used with
respect to any payment, each Monday, Tuesday, Wednesday, Thursday and Friday
which is not a day on which banking institutions in the Place of Payment with
respect to such payment are authorized or required by law or executive order to
close and (ii) when used for any other purpose, each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions
in the Borough of Manhattan, The City of New York, or in the city in which the
Corporate Trust Office of the Trustee is located are authorized or required by
law or executive order to close.

 

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

 

“Company” means the corporation named as
the “Company” in the first
paragraph of this instrument until a successor corporation shall have become
such pursuant to the applicable

 

2

 

provisions of this
Indenture, and thereafter “Company”
shall mean each such successor corporation.

 

“Company Consent,” “Company Order” and “Company Request” mean, respectively, a
written consent, order or request signed in the name of the Company by its
Chairman of the Board, its Chairman of the Executive Committee of the Board,
any one of its Vice Chairmen, its President, any one of its Vice Presidents,
its Treasurer, any one of its Assistant Treasurers, its Comptroller, any one of
its Assistant Comptrollers, its Secretary or any one of its Assistant
Secretaries, and delivered to the Trustee.

 

“Corporate Trust Office” means the
principal office of the Trustee at which at any particular time its corporate
trust business shall be principally administered, which office of U.S. Bank
National Association, at the date of the execution of this Indenture, is
located at 60 Livingston Avenue, St. Paul, Minnesota 55107-2292.

 

“corporation” means a corporation,
association, company or business trust.

 

“Defaulted Interest”:  See Section 3.08 hereof.

 

“Depositary” when used with respect to the
Securities of any series issuable or issued, in whole or in part, in the form
of a Global Security, means the Person designated as Depositary by the Company
pursuant to Section 3.01 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 Securities of that series.

 

“Dollars” and the sign “$” mean the coin or currency of the United
States of America as at the time of payment is legal tender for the payment of
public and private debts.

 

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

 

“Event of Default”: See Section 7.01
hereof.

 

“Federal Bankruptcy
Code”:  See Section 7.01
hereof.

 

“Foreign Currency” means any currency
issued by the government of any country other than the United States of America
or any composite currency (including, without limitation, the European Currency
Unit).

 

“Global Security” means a Security issued
to evidence all or a part of any series of Securities which is executed by the
Company and authenticated and delivered to the Depositary or pursuant to the
Depositary’s instructions, all in accordance with this Indenture and pursuant
to a Company Order, which shall be registered in the name of the Depositary or
its nominee.

 

“Holder” means, unless otherwise
established as contemplated by Section 3.01 with respect to the Securities
of any series, a Person in whose name a Security of any series is registered in
the Securities Register for the Securities of such series.

 

3

 

“Indenture” means this instrument as
originally executed, or as it may be amended or supplemented from time to time
as herein provided, and shall include the form and terms of the Securities of
each series established as contemplated by Sections 2.01 and 3.01.

“interest” when used with respect to any
non-interest bearing Security means interest payable after Maturity thereof.

 

“Interest Payment Date” when used with
respect to the Securities of any series means the Stated Maturity of an
installment of interest on the Securities of such series.

 

“Lien”:
See Section 12.07 hereof.

 

“Maturity” when used with respect to any
Security means the date on which the principal of such Security becomes due and
payable whether at the Stated Maturity or by declaration of acceleration, call
for redemption, pursuant to a sinking fund, notice of option to elect repayment
or otherwise.

 

“Officer’s Certificate” means a certificate
of the Company signed by its Chairman of the Board, its Chairman of the
Executive Committee of the Board, any one of its Vice Chairmen, its President,
any one of its Vice Presidents, its Treasurer, any one of its Assistant Treasurers,
its Comptroller, any one of its Assistant Comptrollers, its Secretary or any
one of its Assistant Secretaries, and delivered to the Trustee.  Wherever this Indenture requires that an
Officer’s Certificate be signed also by an accountant or other expert, such
accountant or other expert (except as otherwise expressly provided in this
Indenture) may be in the employ of the Company and shall be acceptable to the
Trustee.

 

“Opinion of Counsel” means a written
opinion of the General Counsel or Associate General Counsel of the Company, or
other counsel for the Company who may be an employee of the Company and, if not
an employee of the Company, who shall be acceptable to the Trustee.

 

“Original Issue Discount Security” means
any Security less than the principal amount of which becomes due and payable
upon a declaration of acceleration pursuant to Section 7.02 hereof.

 

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

 

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

 

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

 

4

 

(c)           Securities
paid or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture unless proof
satisfactory to the Trustee is presented that any such Securities are held by a
holder in due course;

 

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, (i) 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), and (ii) the principal amount of an Original Issue
Discount Security that shall be deemed to be outstanding for such purposes
shall be the amount of the principal thereof that would be due and payable as
of the date of such determination upon a declaration of acceleration pursuant
to Section 7.02 hereof.

 

“Overdue Rate” when used with respect to
the Securities of any series means the rate designated as such, established as
contemplated by Section 3.01 for the Securities of such series.

 

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

 

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

 

“Place of Payment” when used with respect
to the Securities of any series means the place or places where the principal
of (and premium, if any) and interest, if any, on the Securities of such series
are specified as payable, established as contemplated by Section 3.01 or,
if not so established, specified in Section 12.02.

 

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

 

“Principal Subsidiaries” of the Company
means American Enterprise Investment Services, Inc., Ameriprise Certificate
Company, Ameriprise Financial Services, Inc., IDS Life Insurance Company, IDS Property
Casualty Insurance Company, Threadneedle Asset Management Holdings Ltd.,
RiverSource Investments, LLC, and any one or more Subsidiaries of the Company
that shall succeed to all or substantially all of the business of any of the
foregoing Subsidiaries or succeed to the ownership of all or substantially all
of the property and assets of any of the foregoing Subsidiaries.

 

“record date”:  See Section 3.08 hereof.

 

5

 

“Redemption Date” when used with respect to
any Security or portion thereof to be redeemed means the date fixed for such
redemption pursuant hereto.

 

“Redemption Price” when used with respect
to any Security or portion thereof to be redeemed on any Redemption Date means
the price at which it is to be so redeemed, established as contemplated by
Section 3.01 exclusive of interest accrued and unpaid to such Redemption
Date.

 

“Responsible Officer” when used with
respect to the Trustee means any officer of the Trustee authorized by the
Trustee to administer its corporate trust matters.

 

“Securities”:  See RECITALS OF THE COMPANY herein.

 

“Securities Register” and “Securities Registrar”: See
Section 3.05 hereof.

 

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

 

“Subsidiary” of any Person means (i) any
corporation of which such Person at the time owns or controls, directly or
through an intervening medium, more than fifty per cent (50%) of each class of
outstanding Voting Stock, (ii) any limited liability company, general
partnership, joint venture, joint stock company or similar entity, of which
such Person at the time owns or controls, directly or through an intervening
medium, more than fifty per cent (50%) of its outstanding partnership,
membership or similar voting interests, as the case may be and (iii) any
limited partnership of which such Person, directly or through an intervening
medium, is a general partner, and unless otherwise specified shall mean a
Subsidiary of the Company.

 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this
instrument and, subject to the provisions of Article Eight hereof, shall also
include its successors and assigns as Trustee hereunder.  If there shall be at any one time more than
one Trustee hereunder, “Trustee”
shall mean each such Trustee and shall apply to each such Trustee only with
respect to the Securities of those series with respect to which it is serving
as Trustee.

 

“Trust Indenture Act” and “TIA” means the Trust Indenture Act of
1939, as amended and as in force at the date as of which this instrument was
executed, except as provided in Section 11.06 hereof.

 

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

 

6

 

holder of such depository
receipt from any amount received by the custodian in respect of the obligation
evidenced by such depository receipt or the specific payment of interest on or
principal of such obligation.

 

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

 

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

 

Section 1.02.          Compliance Certificates and Opinions.

 

Upon any application or request by the Company to the
Trustee to take any action under any provision of this Indenture, the Company
shall furnish to the Trustee an Officer’s Certificate stating that all
conditions precedent (including any covenant 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, if any, have been
complied with, except that in the case of any such application or request as to
which the furnishing of such documents is specifically required by any
provision of this Indenture relating to such particular application or request,
no additional certificate or opinion need be furnished.

 

Every certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture shall
include

 

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

 

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

 

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

 

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

 

Section 1.03.          Form of Documents Delivered to Trustee.

 

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

 

7

 

and one or more other
such Persons as to other matters, and any such Person may certify or give an
opinion as to such matters in one or several documents.

 

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

 

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 accountant
or firm of accountants in the employ of the Company, unless such Officer or
counsel, as the case may be, knows, or in the exercise of reasonable care
should know, that the certificate or opinion or representations with respect to
the accounting matters upon which his or her certificate, statement or opinion
is based are erroneous.

 

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

 

Section 1.04.          Act of Holders.

 

(a)           Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders may be
embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by agent duly appointed in writing;
and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee,
and, where it is hereby expressly required, to the Company.  Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to
as the “Act” of the Holders signing such
instrument or instruments.  Proof of
execution of any such instrument or of a writing appointing any such agent
shall be sufficient for any purpose of this Indenture and (subject to
Section 8.01 hereof) conclusive in favor of the Trustee and the Company,
if made in the manner provided in this Section 1.04.

 

(b)           The
fact and date of the execution by any Person of any such instrument or writing,
or the authority of the Person executing the same, may be proved in any manner
that the Trustee deems sufficient and in accordance with such reasonable
requirements as the Trustee may determine.

 

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

 

8

 

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

 

(e)           The
Company may set a record date for purposes of determining the identity of
Holders entitled to vote or consent or take any other action under this
Indenture, which record date shall not be more than 60 days nor less than 10
days prior to the solicitation with respect thereto, and only such Holders
shall be so entitled.

 

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

 

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

 

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

 

(b)           the
Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (except as provided in Subsections (d) and (f) of Section 7.01
hereof) if in writing and mailed, first-class postage prepaid, to the Company
addressed to it at the address of its principal office specified in the first
paragraph of this instrument or at any other address previously furnished in
writing to the Trustee by the Company.

 

Section 1.06.          Notice to Holders; Waiver.

 

Where this Indenture provides for notice to Holders of
any event, such notice shall be sufficiently given (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid, to
each Holder affected by such event, at his address as it appears in the
Securities Register, not later than the latest date, and not earlier than the
earliest date, prescribed for the giving of such notice.  In any case where notice to Holders is given
by mail, neither the failure to mail such notice, nor any defect in any notice
so mailed, to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders.  Any
notice mailed in the manner prescribed by this Indenture shall be deemed to
have been given whether or not such Holder receives said notice.  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 1.07.          Immunity of Incorporator, Stockholders, Officers and Directors.

 

No recourse shall be had for the payment of the
principal of (and premium, if any) or the interest, if any, on any Security of
any series, or for any claim based thereon, or upon any

 

9

 

obligation, covenant or
agreement of this Indenture, against any incorporator, stockholder, officer or
director, as such, past, present or future of the Company or of any successor
corporation, either directly or indirectly through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law or
by the enforcement of any assessment or penalty or otherwise; it being
expressly agreed and understood that this Indenture and all the Securities are
solely corporate obligations, and that no personal liability whatever shall
attach to, or is incurred by, any incorporator, stockholder, officer or
director, past, present or future, of the Company or of any successor
corporation, either directly or indirectly through the Company or any successor
corporation, because of the incurring of the indebtedness hereby authorized or
under or by reason of any of the obligations, covenants or agreements contained
in this Indenture or in any of the Securities, or to be implied herefrom or
therefrom; and that all such personal liability is hereby expressly released
and waived as a condition of, and as part of the consideration for, the
execution of this Indenture and the issue of the Securities.

 

Section 1.08.          Conflict with Trust Indenture Act.

 

If any provision hereof limits, qualifies or conflicts
with any provision deemed to be included in this Indenture by any of the
provisions of the Trust Indenture Act, such deemed-included provision shall
control.

 

Section 1.09.          Effect of Headings and Table of Contents.

 

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

 

Section 1.10.          Successors and Assigns.

 

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

 

Section 1.11.          Separability Clause.

 

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

 

Section 1.12.          Benefits of Indenture.

 

Nothing in this Indenture or in the Securities,
expressed or implied, shall give to any Person, other than the parties hereto
and their successors hereunder, and the Holders of the Securities, any benefit
or any legal or equitable right, remedy or claim under this Indenture.

 

Section 1.13.          Governing Law.

 

This Indenture and each Security shall be deemed to be
a contract made under the laws of the State of New York and this Indenture and
each Security for all purposes shall be governed by and construed in accordance
with the laws of the State of New York.

 

10

 

Section 1.14.          Cross References.

 

All references herein to “Articles” and other subdivisions are to the corresponding
Articles or other subdivisions of this Indenture; and the words “herein” “hereof”
“hereby” “hereunder” “hereinbefore” and “hereinafter”
and other words of similar purport refer to this Indenture generally and not to
any particular Article, Section or other subdivision hereof.

 

Section 1.15.          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.

 

Section 1.16.          Legal Holidays.

 

In any case where any Interest Payment Date,
Redemption Date or Stated Maturity of a Security of any series is not a
Business Day at the relevant Place of Payment with respect to Securities of
such series, then notwithstanding any other provision of this Indenture or the
Securities, payment of interest, if any, or principal and premium, if any, with
respect to such Security need not be made at such Place of Payment on such date
but may be made on the next succeeding Business Day at such Place of Payment
with the same force and effect as if made on such Interest Payment Date or
Redemption Date or at the Stated Maturity, and no interest shall accrue on such
payment for the period from and after such Interest Payment Date, Redemption
Date or Stated Maturity, as the case may be.

 

Section 1.17.          Securities in Foreign Currencies.

 

Whenever this Indenture provides for any action by, or
any distribution to, Holders of Securities denominated in Dollars and in any
Foreign Currency, in the absence of any provision to the contrary established
as contemplated by Section 3.01 for the Securities of any particular
series, any amount in respect of any Security denominated in a Foreign Currency
shall be treated for any such action or distribution as that amount of Dollars
that could be obtained for such amount on such reasonable basis of exchange and
as of such date as the Company may specify in a Company Order.

 

ARTICLE TWO

 

SECURITY FORMS

 

Section 2.01.          Forms Generally.

 

The Securities of each series shall be in
substantially the forms as shall be established by or pursuant to Board
Resolution or 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 or any indenture supplemental
hereto, and may have such letters, numbers or other marks of identification and
such legends or endorsements placed thereon as may be required to comply with
any law or with any rules made pursuant thereto or with any rules of any
securities exchange or as may, consistently herewith, be determined by the
officers executing such Securities, as evidenced by their execution of the
Securities.

 

11

 

The definitive Securities of each series shall be
printed, lithographed or engraved or produced by any combination of these
methods 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 Certificate of Authentication.

 

The 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.

 

	
   

  	
  U.S. Bank National Association,

  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  [Authorized Officer]

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  or

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  [As Authenticating Agent]

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  [Authorized Officer]

  	
   

  

 

12

 

Section 2.03.          Securities in Global Form.

 

If any Security of a series is issuable as a Global
Security (in whole or in part), such Global Security may provide that it shall
represent the aggregate principal amount of Outstanding Securities of such
series from time to time represented thereby in the records of the Trustee or
endorsed thereon and may also provide that the aggregate principal amount of
Outstanding Securities of such series represented thereby in the records of the
Trustee or endorsed thereon may from time to time be reduced or increased.  Any change in the records of the Trustee or
any endorsement of a Global Security to reflect the aggregate principal amount,
or any increase or decrease in the amount, of Outstanding Securities
represented thereby shall be made by the Trustee in accordance with provisions
established as contemplated by Section 3.01.

 

ARTICLE THREE

 

THE SECURITIES

 

Section 3.01.          Amount Unlimited; Issuable in Series.

 

The aggregate principal amount of Securities which may
be authenticated and delivered under this Indenture is unlimited.

 

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

 

(a)           the
title of the Securities of such series (which shall distinguish the Securities
of such series from all other series of Securities);

 

(b)           any
limit upon the aggregate principal amount of the Securities of such series
which may be authenticated and delivered under this Indenture (except for
Securities authenticated and delivered pursuant to
Section 3.05, 3.06, 3.07, 4.07, or 11.07 hereof);

 

(c)           the
date or dates, or the method by which such date or dates will be determined or
extended, on which the principal of and premium, if any, on the Securities of
such series is payable;

 

(d)           the
Persons to whom interest on Securities of such series shall be payable, if
other than the Persons in whose names such Securities are registered at the
close of business on the record date for such interest;

 

(e)           the
rate or rates, or the method to be used in determining the rate or rates, at
which the Securities of such series shall bear interest, if any, the date or
dates from which such interest shall accrue or the method by which such date or
dates shall be determined, the Interest Payment Dates on which such interest
shall be payable and, if other than as set forth in Section 3.08 hereof,
the record date for the determination of Holders to whom such interest is
payable, and the basis upon which Interest shall be calculated if other than as
set forth in Section 3.11;

 

13

 

(f)            the
place or places at which (i) the principal of and premium, if any, and
interest, if any, on Securities of such series shall be payable if other than
as set forth in the third sentence of Section 12.02, (ii) registration of
transfer of Securities of such series may be effected, (iii) exchanges of
Securities of such series may be effected and (iv) notice and demands to or
upon the Company in respect of the Securities of such series and this Indenture
may be served; and if such is the case, that the principal of such Securities
shall be payable without the presentment or surrender thereof;

 

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

 

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

 

(i)            if
other than Dollars, the Foreign Currency or Foreign Currencies in which payment
of the principal of and premium, if any, and interest, if any, on the
Securities of such series shall be payable or in which such Securities will be
denominated;

 

(j)            if
the principal of and premium, if any, or interest, if any, on the Securities of
such series are to be payable, at the election of the Company or a Holder
thereof, in a coin or currency (including a composite currency) other than that
in which such Securities are stated to be payable, the period or periods within
which, and the terms and conditions upon which, such election may be made;

 

(k)           if
denominated or payable in any coin or currency, including composite currencies,
other than Dollars, or if the terms of the Securities provide that the
principal amount thereof payable at maturity may be more or less than the
principal face amount thereof at original issuance, the method by which the
Securities of such series shall be valued, which may be any reasonable method,
against the Securities of all other series for voting, the giving of any
request, demand, authorization, direction, notice, consent or waiver,
distribution and all other purposes hereof and any provisions required for
purposes of applying Sections 6.01, 6.02 and 12.07(b) hereof;

 

(l)            if
the amount of payments of principal of and premium, if any, or interest, if
any, on the Securities of such series may be determined with reference to an
index, the formula or other method (which may be based on one or more
currencies (including a composite currency), commodities, equity indices or
other indices), and the manner in which such amounts shall be determined;

 

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

 

(n)           if
other than the principal amount thereof, the portion of the principal amount of
Securities of such series which shall be payable upon declaration of

 

14

 

acceleration of the
Maturity thereof pursuant to Section 7.02 hereof or the method by which
such portion shall be determined;

 

(o)           any
addition to, or modification or deletion of, any Event of Default or any
covenant of the Company specified herein with respect to the Securities of such
series;

 

(p)           if
other than the rate of interest stated in the title of the Securities of such
series, the applicable Overdue Rate;

 

(q)           if
the Securities of such series do not bear interest, the applicable dates for
purposes of Section 9.01 hereof,

 

(r)            the
inapplicability to the Securities of such series of Section 6.02 relating
to satisfaction, discharge and defeasance of Securities or, if applicable, any
modification to Section 6.02 with respect to the Securities of such
series;

 

(s)           if
other than U.S. Bank National Association is to act as Trustee for the
Securities of such series, the name and Corporate Trust Office of such Trustee;

 

(t)            whether
the Securities of such series shall be issued in whole or in part in the form
of a Global Security or Securities and, in such case the terms and conditions,
if any, upon which such Global Security or Securities may be exchanged in whole
or in part for other definitive Securities, the Depositary for such Global
Security or Securities (which shall be a clearing agency registered under the
Exchange Act, or any other applicable statute or regulation, to the extent
required thereunder), whether such Global Security shall be permanent or
temporary, any limitations on the rights of the Holder or Holders to transfer
or exchange the same or to obtain the registration of transfer thereof in
addition to or in lieu of those set forth in Section 3.05, any limitations on
the rights of the Holder or Holders thereof to obtain certificates in
definitive form, and, the provisions for determining the aggregate principal
amount of Outstanding Securities from time to time represented thereby and any
and all matters incidental to such Global Security or Securities;

 

(u)           if
the Securities of such series may be converted into or exchanged for other
securities of the Company or any other Persons, the terms and conditions
pursuant to which the Securities of such series may be converted or exchanged;

 

(v)           if
the principal of or premium, if any, or interest, if any, on the Securities of
such series are to be payable, at the election of the Company or a Holder
thereof, in securities or other property, the type and amount of such
securities or other property, or the method by which such amount shall be
determined, and the periods within which, and the terms and conditions upon
which, any such election may be made;

 

(w)          if
the Securities of any such series are to be issuable as bearer securities, any
and all matters incidental thereto;

 

15

 

(x)            if
the Securities of such series are to be issued upon the exercise of a warrant
or right, the time, manner and place for such Securities to be authenticated
and delivered; and

 

(y)           any
other terms of the Securities of such series (which terms shall conform to any
applicable requirements of the TIA, and shall not materially adversely affect
the rights of the Holders of Securities then outstanding).

 

All Securities of any one series shall be
substantially identical except as to principal amount and except as may
otherwise be established as contemplated by this Section 3.01.

 

Section 3.02.          Denominations.

 

Unless otherwise established as contemplated by
Section 3.01, the Securities of each series shall be issuable only in
registered form without coupons in such denominations as shall be established
as contemplated by Section 3.01 or in the absence thereof, in
denominations of $1,000 and any integral multiple thereof.

 

Section 3.03.          Authentication and Dating.

 

At any time and from time to time after the execution
and delivery of this Indenture, the Company may deliver Securities of any
series executed by the Company to the Trustee for authentication.  Except as otherwise provided in this Article,
the Trustee shall thereupon authenticate and deliver, or cause to be
authenticated and delivered, said Securities pursuant to a Company Order.  In authenticating (or causing authentication
of) such Securities, and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall be entitled to
receive, prior to the authentication of such Securities, and (subject to
Sections 8.01 and 8.03 hereof) shall be fully protected in relying upon:

 

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

 

(b)           an
executed supplemental indenture, if any, relating thereto;

 

(c)           an
Officer’s Certificate setting forth the form and terms of the Securities of
such series as established as contemplated by Sections 2.01 and 3.01
hereof (to the extent not set forth in the documents delivered pursuant to
Subsection 3.03(a) or 3.03(b)) and stating that all conditions precedent
provided for in this Indenture relating to the issuance of such Securities have
been complied with, that no Event of Default with respect to the Securities of
any Series has occurred and is continuing and that the issuance of such
Securities is not and will not result in (i) an Event of Default or an event or
condition which, upon the giving of notice or the lapse of time or both, would
become an Event of Default or (ii) a default under the provisions of any other
instrument or agreement by which the Company is bound; and

 

(d)           an
Opinion of Counsel stating

 

16

 

(i)            that
the form and terms of such Securities have been established as contemplated by
Sections 2.01 and 3.01 in conformity with the provisions of this
Indenture; and

 

(ii)           that
such Securities, when executed and delivered by the Company, and authenticated
and delivered by or on behalf of the Trustee in the manner and subject to any
conditions specified in such Opinion of Counsel, will constitute legal, valid
and binding obligations of the Company, enforceable in accordance with their
terms, subject to bankruptcy, insolvency, reorganization and other laws of
general applicability relating to or affecting the enforcement of creditors’
rights, to general principles of equity and to such other qualifications as
such counsel shall conclude do not materially affect the rights of Holders of
such Securities.

 

The Trustee shall have the right to decline to
authenticate and deliver, or cause to be authenticated and delivered, any
Securities under this Section 3.03 if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the
Trustee in good faith shall determine that such action would expose the Trustee
to personal liability to existing Holders or would otherwise adversely affect
its rights, duties, obligations or immunities hereunder.

 

Unless otherwise provided in the form of Securities of
any particular series, each Security shall be dated the date of its
authentication.

 

Section 3.04.          Execution of Securities.

 

The Securities shall be signed in the name and on
behalf of the Company by the manual or facsimile signatures of its Chairman of
the Board, any one of its Vice Chairmen, its President or any one of its Vice
Presidents, under its corporate seal (which may be printed, engraved or
otherwise reproduced thereon, by facsimile or otherwise) and attested to by its
Secretary or any one of its Assistant Secretaries, whose signatures may be
manual or facsimile.  Only such
Securities as shall bear thereon a certificate of authentication substantially
in the form hereinbefore recited, executed by or on behalf of the Trustee by
manual signature, shall be entitled to the benefits of this Indenture or be valid
or obligatory for any purpose.  Such
certificate by or on behalf of the Trustee upon any Security executed by the
Company shall be conclusive evidence that the Security so authenticated has
been duly authenticated and delivered hereunder and that the Holder is entitled
to the benefits of this Indenture.

 

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

 

17

 

Section 3.05.          Exchange and Registration of Transfer of  Securities.

 

Securities of any series (except for Global
Securities, which may only be exchanged in limited circumstances described
below) may be exchanged for a like aggregate principal amount of Securities of
the same series of other authorized denominations.  Unless otherwise established as contemplated
by Section 3.01, Securities to be exchanged shall be surrendered at any of
the offices or agencies of the Company maintained as provided in
Section 12.02 hereof for such purpose, and the Company shall execute and
register, or cause to be registered, and the Trustee shall authenticate and
deliver, or cause to be authenticated and delivered, in exchange therefor the Security
or Securities which the Holder making such exchange shall be entitled to
receive.

 

Unless otherwise established as contemplated by
Section 3.01, the Company shall keep at the office or agency in the same
city in which the Corporate Trust Office of the Trustee is located, a register
for the Securities of each series issued hereunder (the register maintained at
such office or agency and at any other office or agency of the Company in a
Place of Payment being herein collectively referred to as the “Securities
Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities of such
series and registration of transfer of such Securities as provided in this
Article.  Such Securities Register shall
be in written form or in any other form capable of being converted into written
form within a reasonable time.  The
Trustee is hereby initially appointed “Securities Registrar” for the purpose of
registering Securities and registering transfers of Securities as herein
provided.  Upon due presentment for
registration of transfer of any Security of any series at any of the offices or
agencies of the Company maintained as provided in Section 12.02 hereof for
such purpose, the Company shall execute and register, or cause to be
registered, and the Trustee shall authenticate and deliver, or cause to be
authenticated and delivered, in the name of the transferee or transferees a new
Security or Securities of the same series in authorized denominations for an
equal aggregate principal amount.

 

Every Security issued upon registration of transfer or
exchange of Securities pursuant to this Section 3.05 shall be the valid
obligation of the Company, evidencing the same debt, and entitled to the same
benefits under this Indenture, as the Security or Securities surrendered upon
registration of such transfer or exchange.

 

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

 

No service charge shall be made for any registration
of transfer or exchange of Securities, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any registration of transfer or exchange of
Securities, other than exchanges pursuant to Section 3.07, 4.07 or 11.07
hereof not involving any transfer.

 

The Company shall not be required (a) to issue,
register the transfer of or exchange any Security of any series during a period
beginning at the opening of business 15 days before the

 

18

 

day of the mailing of a
notice of redemption of Securities of such series and ending at the close of
business on the day of such mailing or (b) to register the transfer of or
exchange any Security selected for redemption in whole or in part, except, in
the case of any Security to be redeemed in part, the portion thereof not to be
redeemed.

 

Each Global Security authenticated under this
Indenture shall be registered in the name of the Depositary designated for such
Global Security or a nominee thereof and delivered to such Depositary or a
custodian therefor, and each such Global Security shall constitute a single
Security for all purposes of this Indenture. 
Notwithstanding the foregoing and except as otherwise specified as
contemplated by Section 3.01, no Global Security shall be registered for
transfer or exchange, or authenticated or delivered, pursuant to this Section 3.05
or Sections 3.06, 3.07, 4.07 or 11.07 in the name of a Person other than the
Depositary for such Security or its nominee until (i) the Depositary with
respect to a Global Security notifies the Company in writing that it is
unwilling or unable to continue as Depositary for such Global Security or the
Depositary ceases to be a clearing agency registered under the Exchange Act or
other applicable statute or regulation if required thereunder, and the Company
notifies the Trustee that it is unable to locate a qualified successor
Depositary, (ii) the Company executes and delivers to the Trustee a Company
Order that such Global Security shall be so transferable and exchangeable or
(iii) there shall have occurred and be continuing an Event of Default with respect
to the Securities of such Series.  Upon
the occurrence in respect of any Global Security of any series of any one or
more of the conditions specified in clauses (i), (ii) or (iii) of the preceding
sentence or such other conditions as may be specified as contemplated by
Section 3.01 for such series, such Global Security may be registered for
transfer or exchange for Securities registered in the names of, or
authenticated and delivered to, such Persons as the Depositary with respect to
such series shall instruct the Trustee in writing.  The Trustee, upon receipt of such
instruction, will authenticate and deliver Securities of such series of like
tenor and terms in definitive form in an aggregate principal amount equal to
the principal amount of the Global Security or Securities representing such
series in exchange for such Global Security or Securities.

 

Except as provided in the preceding paragraph, any
Security authenticated and delivered upon registration of transfer or, or in
exchange for, or in lieu of, any Global Security or any portion thereof,
whether pursuant to this Section 3.05, Section 3.06, 3.07, 4.07 or 11.07 or
otherwise, shall also be a Global Security. 
Notwithstanding any other provision of this Indenture, a Global Security
may not be transferred except as a whole by the Depositary for such Global
Security to a nominee of such Depositary or to another Depositary or a nominee
thereof or by a nominee of such Depositary to such Depositary or another
nominee of such Depositary or to another Depositary or a nominee thereof.

 

Upon such terms established as contemplated by
Section 3.01 with respect to the Securities of any series, the Depositary
for the Securities of such series may surrender a Global Security for such
series in exchange in whole or in part for Securities of such series of like
tenor and terms and in definitive form. 
Thereupon the Company shall execute, and the Trustee upon receipt of a
Company Order shall authenticate and deliver, without service charge, (i) to
the Depositary or to each Person specified by such Depositary a new Security or
Securities of the same series, of like tenor and terms in definitive form and
of any authorized denomination as requested by such Person in aggregate
principal amount equal to and in exchange for such Person’s beneficial interest
in the Global Security, and (ii) to such Depositary a new Global

 

19

 

Security of like tenor
and terms and in a principal amount equal to the difference, if any, between
the principal amount of the surrendered Global Security and the aggregate
principal amount of Securities delivered pursuant to clause (i).

 

Upon the exchange of a Global Security for Securities
in definitive form, such Global Security shall be cancelled by the Trustee.  Definitive Securities issued in exchange for
a Global Security pursuant to this Section shall either be in global form,
established as contemplated by Sections 2.01 and 3.01, or shall be
registered in such names and in such authorized denominations and delivered to
the Depositary or to such Persons at such addresses as the Depositary for such
Global Security, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee in writing.

 

Section 3.06.          Mutilated, Destroyed, Lost or Stolen Securities.

 

In case any temporary or definitive Security of any
series shall become mutilated or be destroyed, lost or stolen, and in the
absence of notice to the Company or the Trustee that such Security has been
acquired by a bona fide purchaser, the Company in the case of a mutilated
Security shall, and in the case of a lost, stolen or destroyed Security may in
its discretion, execute, and upon a Company Request the Trustee shall
authenticate and deliver, or cause to be authenticated and delivered, a new
Security of the same series bearing a number, letter or other distinguishing
symbol not contemporaneously outstanding, in exchange and substitution for the
mutilated Security, or in lieu of and in substitution for the Security so
destroyed, lost or stolen, or if any such Security shall have become due and
payable or shall be about to become due and payable, instead of issuing a
substituted Security, the Company may pay or authorize the payment of the same
without surrender thereof (except in the case of a mutilated Security).  In every case the applicant for a substituted
Security shall furnish to the Company and to the Trustee such security or
indemnity as may be required by them to save each of them harmless, and, in
every case of destruction, loss or theft, the applicant shall also furnish to
the Company and to the Trustee evidence to their satisfaction of the
destruction, loss or theft of such Security and of the ownership thereof.

 

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

 

Every substituted Security of any series issued
pursuant to the provisions of this Section 3.06 by virtue of the fact that
any Security of such series 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 this Indenture equally and proportionately
with any and all other Securities of that series duly issued hereunder.  All Securities shall be held and owned upon
the express condition that the foregoing provisions of this Section 3.06
are exclusive with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities and shall preclude (to the extent lawful)
any and all other rights or remedies with respect to the replacement or payment
of negotiable instruments or other securities without their surrender.

 

20

 

Section 3.07.          Temporary Securities.

 

Pending the preparation of definitive Securities of
any series the Company may execute and the Trustee shall authenticate and
deliver, or cause to be authenticated and delivered, temporary Securities of
such series (printed, lithographed, typewritten, mimeographed or otherwise
produced).  Temporary Securities shall be
issuable in any authorized denomination and substantially in the form of the
definitive Securities in lieu of which they are issued 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.  Every such temporary Security shall be
executed by the Company and shall be authenticated by or on behalf of Trustee
upon the same conditions and in substantially the same manner, and with the
same effect, as the definitive Securities in lieu of which they are
issued.  Without unreasonable delay the
Company will execute and deliver to the Trustee definitive Securities of such
series and thereupon any or all temporary Securities of such series may be
surrendered in exchange therefor, at any of the offices or agencies of the
Company maintained as provided in Section 12.02 hereof for such purpose,
and the Trustee shall authenticate and deliver, or cause to be authenticated
and delivered, in exchange for such temporary Securities an equal aggregate
principal amount of definitive Securities of such series.  Such exchange shall be made by the Company at
its own expense and without any charge therefor except that in case of any such
exchange involving any registration of transfer the Company may require payment
of a sum sufficient to cover any tax or other governmental charge that may be
imposed in relation thereto.  Until so
exchanged, the temporary Securities of any series shall in all respects be
entitled to the same benefits under this Indenture as definitive Securities of
such series authenticated and delivered hereunder.  Notwithstanding the foregoing provisions of this
Section 3.07, Global Securities may remain in temporary form and, unless
otherwise established as contemplated by Section 3.01, shall not be
exchangeable for definitive Global Securities.

 

Section
3.08.          Payment of Interest; Interest Rights Preserved.

 

The Holder at the close of business on any record date
with respect to any Interest Payment Date shall be entitled to receive the
interest, if any, payable on such Interest Payment Date notwithstanding the
cancellation of such Securities upon any transfer or exchange subsequent to the
record date and prior to such Interest Payment Date.  Except as otherwise established as
contemplated by Section 3.01 for Securities of a particular series, the
term “record date” as used in this Section 3.08 with respect to any
Interest Payment Date, shall mean the last day of the calendar month preceding
such Interest Payment Date if such Interest Payment Date is the fifteenth day
of the calendar month, and shall mean the fifteenth day of the calendar month
preceding such Interest Payment Date if such Interest Payment Date is the first
day of the calendar month, whether or not such day shall be a Business Day.

 

If and to the extent the Company shall default in the
payment of the interest due on such Interest Payment Date, such defaulted
interest (herein called “Defaulted Interest”) shall forthwith cease to
be payable to the registered Holder on such record date by virtue of having
been such Holder; and such Defaulted Interest shall be paid by the Company, at
its election in each case, as provided in clause (a) or (b) below:

 

21

 

(a)           The
Company may make payment of any Defaulted Interest to the Holders entitled
thereto at the close of business on a subsequent record date established in the
following manner.  The Company shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to
be paid on each applicable Security and the date of the proposed payment, and
at the same time the Company shall deposit with the Trustee an amount of money
equal to the aggregate amount proposed to be paid in respect of such Defaulted
Interest or shall make arrangements satisfactory to the Trustee for such
deposit prior to the date of the proposed payment, such money when deposited to
be held in trust for the benefit of the Holders entitled to such Defaulted
Interest as in this clause (a) provided. 
Thereupon the Trustee shall fix a record date for the payment of such
Defaulted Interest which shall not be more than 15 days and not less than 10
days prior to the date of the proposed payment and not less than 10 days after
the receipt by the Trustee of the notice of the proposed payment.  The Trustee shall promptly notify the Company
of such record date and, in the name and at the expense of the Company, shall
cause notice of the proposed payment of such Defaulted Interest and the record
date therefor to be mailed, first-class postage prepaid, to each Holder
entitled thereto at his address as it appears on the Securities Register, not
less than 10 days prior to such record date. 
Notice of the proposed payment of such Defaulted Interest and the record
date therefor having been mailed as aforesaid, such Defaulted Interest shall be
paid to the Holders of applicable Securities at the close of business on such
record date (notwithstanding the cancellation of such Securities upon any
transfer or exchange subsequent to such record date and prior to such payment)
and shall no longer be payable pursuant to the following clause (b).

 

(b)           The
Company may make payment of any Defaulted Interest on the Securities of any
series in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of such series may be listed, and
upon such notice as may be required by such exchange, if, after notice given by
the Company to the Trustee of the proposed payment pursuant to this clause (b),
such manner of payment shall be deemed practicable by the Trustee.  Subject to the foregoing provisions of this
Section 3.08, each Security delivered under this Indenture upon
registration of transfer of or in exchange for or in lieu of any other Security
shall carry the rights to interest accrued and unpaid, and to accrue, which
were carried by such other Security.

 

Section 3.09.          Persons Deemed Owners.

 

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

 

None of the Company, the Trustee, any Paying Agent or
the Securities Registrar shall have any responsibility or liability for any
aspect of the records relating to or payments made on account of beneficial
ownership interests in a Global Security or for maintaining, supervising or

 

22

 

reviewing any records
relating to such beneficial ownership interests and they shall be protected in
acting or refraining from acting on any such information provided by the
Depositary.

 

Section 3.10.          Cancellation.

 

All Securities surrendered for the purpose of payment,
redemption, exchange or registration of transfer or for credit against any sinking
fund shall, if surrendered to the Company or any Paying Agent or any Securities
Registrar, be surrendered to the Trustee and promptly cancelled by it, or, if
surrendered to the Trustee, shall be promptly 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 destroy cancelled Securities and deliver a certificate of such
destruction to the Company unless, by a Company Order, the Company directs that
such cancelled Securities be returned to it. 
If the Company shall acquire any of the Securities, however, such
acquisition shall not operate as a redemption or satisfaction of the
indebtedness represented by such Securities unless and until the same are
surrendered to the Trustee for cancellation.

 

Section 3.11.          Computation of Interest.

 

Except as otherwise established as contemplated by
Section 3.01 hereof for Securities of any series, interest on the
Securities shall be computed on the basis of a 360-day year of twelve 30-day
months.

 

ARTICLE FOUR

 

REDEMPTION OF
SECURITIES

 

Section 4.01.          Applicability of Article.

 

The provisions of this Article shall be applicable to
all Securities which are redeemable before their Stated Maturity except as
otherwise established as contemplated by Section 3.01 hereof for
Securities of any series.

 

Section 4.02.          Election to Redeem; Notice to Trustee.

 

The election of the Company to redeem any Securities
of any series shall be evidenced by or pursuant to a Board Resolution.  In case of any redemption at the election of
the Company of less than all of the Securities of a series, the Company shall,
at least 60 days prior to the Redemption Date fixed by the Company (unless a
shorter notice shall be satisfactory to the Trustee) deliver to the Trustee an
Officer’s Certificate setting forth such Redemption Date and the principal
amount of Securities of such series to be redeemed and stating that no default
in payment of interest or Event of Default has occurred and is continuing with
respect to the Securities of such series.

 

Section 4.03.          Selection by Trustee of Securities to Be Redeemed.

 

If less than all the Securities of any series are to
be redeemed, the particular Securities of such series to be redeemed shall be
selected not more than 60 days prior to the Redemption Date

 

23

 

by the Trustee, from the
Outstanding Securities of such series not previously called for redemption, by
such method as the Trustee shall deem fair and appropriate (which is in
compliance with the requirements of any national securities exchange on which
such Securities are listed) and which may provide for the selection for
redemption of portions (equal to the minimum authorized denomination for
Securities of such series or any integral multiple thereof) of the principal of
Securities of a denomination greater than the minimum authorized denomination
for Securities of such series.

 

The Trustee shall promptly notify the Company in
writing of the Securities selected for redemption and, in the case of any
Security selected for partial redemption, the principal amount thereof to be
redeemed.

 

For all purposes of this Indenture, unless the context
otherwise requires, all provisions relating to the redemption of Securities
shall relate, in the case of any 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, whether or not such provisions so provide.

 

Section 4.04.          Notice of Redemption.

 

Notice of redemption shall be given by first-class
mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to
the Redemption Date, to each Holder of Securities to be redeemed, at his
address appearing in the Securities Register. 
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.

 

All notices of redemption shall state:

 

(a)           the
Redemption Date,

 

(b)           the
Redemption Price, and accrued interest, if any,

 

(c)           if
less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the respective
principal amounts) of the Securities of such series to be redeemed,

 

(d)           that
on the Redemption Date the Redemption Price, together with accrued interest, if
any, to the Redemption Date, will become due and payable upon each such
Security, and that interest thereon shall cease to accrue from and after said date,

 

(e)           the
place where such Securities are to be surrendered for payment of the Redemption
Price, and accrued interest, if any, and

 

(f)            that
the redemption is for a sinking fund, if that be the case.

 

Notice of redemption of the Securities to be redeemed
at the election 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.

 

24

 

Section 4.05.          Deposit of Redemption Price.

 

On or before any Redemption Date, the Company shall
deposit with the Trustee or with a Paying Agent (or, if the Company is acting
as its own Paying Agent, segregate and hold in trust as provided in
Section 12.03 hereof) an amount of money sufficient to pay the Redemption
Price of, and accrued interest, if any, on, all the Securities or portions
thereof which are to be redeemed on that date.

 

Section 4.06.          Securities Payable on Redemption Date.

 

Notice of redemption having been given as aforesaid,
the Securities or portions thereof so to be redeemed shall, on the Redemption
Date, become due and payable at the Redemption Price thereof together with
accrued interest, if any, thereon to the Redemption Date, and from and after
such date (unless the Company shall default in the payment of the Redemption
Price and such accrued interest, if any) such Securities or portions thereof
shall cease to bear interest.  Upon
surrender of such Securities for redemption in accordance with said notice such
Securities or specified portions thereof shall be paid by the Company at the
Redemption Price, together with any accrued interest to the Redemption
Date.  Installments of interest whose
Stated Maturity is on or prior to the Redemption Date shall be payable to the
Holders of such Securities registered as such on the relevant record dates
according to their terms and the provisions of Section 3.08 hereof.

 

If any Security called for redemption shall not be so
paid upon surrender thereof on such Redemption Date, the principal and premium,
if any, shall, until paid, bear interest from the Redemption Date at the rate
borne by the Security.

 

Section 4.07.          Securities Redeemed in Part.

 

Security of any series which is to be redeemed only in
part shall be surrendered at the Place of Payment (with, if the Company or the
Trustee so requires, due endorsement by, or a written instrument of transfer in
form satisfactory to the Company and the Trustee duly executed by, the Holder
thereof or his attorney duly authorized in writing) and the Company shall
execute and the Trustee shall authenticate and deliver, or cause to be
authenticated and delivered, to the Holder of such Security without service
charge, a new Security or Securities of the same series of any authorized
denomination as requested by such Holder in aggregate principal amount equal to
and in exchange for the unredeemed portion of the principal amount of the
Security so surrendered.

 

ARTICLE FIVE

 

SINKING FUNDS

 

Section 5.01.          Applicability of Article.

 

The provisions of this Article shall be applicable to
any sinking fund for the retirement of Securities except as otherwise
established as contemplated by Section 3.01 for Securities of any series.

 

25

 

The minimum amount of any sinking fund payment
established as contemplated by Section 3.01 for Securities of any series is
herein referred to as a “mandatory sinking fund payment,” and any permitted
payment in excess of such minimum amount established as contemplated by
Section 3.01 for Securities of any series is herein referred to as an “optional
sinking fund payment.”

 

Section 5.02.          Satisfaction of Mandatory Sinking Fund Payments with
Securities.

 

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

 

Section 5.03.          Redemption of Securities for Sinking Fund.

 

Not less than 60 days prior to each sinking fund
payment date for the Securities of any series, the Company will deliver to the
Trustee a certificate signed by the Treasurer or any Assistant Treasurer of the
Company specifying the amount of such next ensuing mandatory sinking fund
payment, the portion thereof, if any, which is to be satisfied by payment of
cash and the portion thereof, if any, which is to be satisfied by delivering
and crediting Securities of such series pursuant to Section 5.02 (which
Securities will accompany such certificate) and whether the Company intends to
make any permitted optional sinking fund payment in connection therewith.  Such certificate shall also state that no
Event of Default has occurred and is continuing with respect to Securities of
such series.  Such certificate shall be
irrevocable and upon its delivery the Company shall be obligated to make the
cash payment or payments therein referred to, if any, on or before the next
succeeding sinking fund payment date.  In
the case of the failure of the Company to deliver such certificate when due (or
to deliver the Securities specified in this Section 5.03) the sinking fund
payment due on the next succeeding sinking fund payment date for Securities of
that series shall be paid entirely in cash and shall be sufficient to redeem
the principal amount of such Securities subject to a mandatory sinking fund
payment without the option to deliver or credit Securities as provided in
Section 5.02 and without the right to make any optional sinking fund
payment, in connection therewith.

 

Any sinking fund payment or payments (mandatory or
optional) with respect to the Securities of any particular series made in cash
plus any unused balance of any preceding sinking fund payments with respect to
Securities of such series made in cash which shall equal or exceed $100,000 or
the equivalent thereof in the Foreign Currency in which such series is
denominated (or a lesser sum if the Company shall so request) shall be applied
by the Trustee on the sinking fund payment date on which such payment is made
(or, if such payment is made before a sinking fund payment date, on the sinking
fund payment date following the date of such payment) to the redemption of such
Securities at the Redemption Price specified in such Securities for operation

 

26

 

of the sinking fund
together with accrued interest, if any, to the date fixed for redemption.  Any sinking fund moneys not so applied or
allocated by the Trustee to the redemption of such Securities shall be added to
the next cash sinking fund payment received by the Trustee for Securities of
such series and, together with such payment, shall be applied in accordance
with the provisions of this Section 5.03. 
Any and all sinking fund moneys with respect to the Securities of any
particular series held by the Trustee on the last sinking fund payment date
with respect to Securities of such series and not held for the payment or
redemption of particular Securities shall be applied by the Trustee, together
with other moneys, if necessary, to be deposited sufficient for the purpose, to
the payment of the principal of the Securities of such series at Maturity.

 

The Trustee shall select the Securities to be redeemed
upon such sinking fund payment date in the manner specified in the first
paragraph of Section 4.03 hereof and the Company shall cause notice of the
redemption thereof to be given in the manner provided in Section 4.04
hereof.  Such notice having been duly
given, the redemption of such Securities shall be made upon the terms and in
the manner stated in Sections 4.06 and 4.07 hereof.

 

On or before any sinking fund payment date, the
Company shall deposit with the Trustee an amount of money sufficient to pay any
interest accrued to the Redemption Date for Securities or portions thereof to
be redeemed on such sinking fund payment date pursuant to this
Section 5.03.

 

The Trustee shall not redeem any Securities of any
series with sinking fund moneys or mail any notice of redemption of Securities
of such series by operation of the sinking fund therefor during the continuance
of a default in payment of interest on Securities of such series or of any
Event of Default (other than an Event of Default occurring as a consequence of
this paragraph) with respect to Securities of such series, except that if the
notice of redemption of any Securities of such series shall theretofore have
been mailed in accordance with the provisions hereof, the Trustee shall redeem
such Securities if cash sufficient for that purpose shall be deposited with the
Trustee for that purpose in accordance with the terms of this Article.  Except as aforesaid, any moneys in the
sinking fund for Securities of such series at the time when any such default or
Event of Default shall occur and any moneys thereafter paid into such sinking
fund shall, during the continuance of such default or Event of Default, be held
as security for the payment of such Securities; provided, however,
that in case such Event of Default or default shall have been cured or waived
as, provided herein, such moneys shall thereafter be applied on the next
sinking fund payment date for such Securities on which such moneys may be
applied pursuant to the provisions of this Section 5.03.

 

ARTICLE SIX

 

SATISFACTION AND
DISCHARGE

 

Section 6.01.          Satisfaction and Discharge of Indenture.

 

This Indenture shall cease to be of further effect
with respect to the Securities of any series (except as to the rights of
Holders of Outstanding Securities of such series to receive, from the trust
funds described in paragraph (a) of this Section 6.01, payment of the
principal of, premium, if any, and interest, if any, on such Outstanding
Securities on the Stated Maturity of

 

27

 

such principal, premium, if any, or installment of
interest, if any, the Company’s obligations with respect to such Outstanding
Securities of such series under Sections 3.05, 3.06, 6.05 and
12.02 as may be applicable to Outstanding Securities of such series, and the
rights, powers, trusts, duties, indemnities and immunities of the Trustee
hereunder), and the Trustee for the Securities of such series, on demand of and
at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture with respect to the Securities of
such series, when

 

(a)           either

 

(i)            all
the Securities of such series theretofore authenticated and delivered (other
than (A) Securities of such series which have been destroyed, lost or stolen
and which have been replaced or paid as provided in Section 3.06 hereof
and (B) Securities of such series for whose payment money has theretofore been
deposited with the Trustee or the Paying Agent for the Securities of such
series 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 6.05
hereof) have been delivered to such Trustee for cancellation; or

 

(ii)           all
Securities of such series not theretofore delivered to such Trustee for
cancellation

 

(A)          have
become due and payable, or

 

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

 

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

 

and the Company has deposited or caused to be
deposited with such Trustee irrevocably as trust funds in trust, specifically
pledged as security for, and dedicated solely to, the benefit of the Holders of
all Outstanding Securities of such series, with reference to this Section 6.01,
(i) money in an amount in the currency in which the Securities of such series
are denominated or (ii) U.S. Government Obligations in the case of Securities
denominated in Dollars or obligations issued or guaranteed by the government
which issued the currency in which the Securities of such series are
denominated in the case of Securities denominated in Foreign Currencies, which
through the payment of interest and principal in respect thereof in accordance
with their terms will provide, not later than the opening of business on the
due date of any payment referred to below, money in an amount in the currency
in which the Securities of such series are denominated, or (iii) a combination
thereof, sufficient, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge the

 

28

 

entire indebtedness on all Outstanding Securities of
such series not theretofore delivered to such Trustee for cancellation, for
principal (and premium, if any) and interest, if any, to the date of such
deposit (in the case of Securities of such series which have become due and
payable), or to the Stated Maturity or Redemption Date, as the case may be;

 

(b)           the
Company has paid or caused to be paid all other sums payable hereunder by the
Company in connection with Outstanding Securities of such series, including all
fees and expenses of the Trustee for such series; and

 

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

 

Notwithstanding the satisfaction and discharge of this
Indenture with respect to the Securities of any series, the obligations of the
Company with respect to Securities of any other series and to the Trustee for
the Securities of such series under Section 8.07 hereof shall survive.

 

Section
6.02.           Satisfaction, Discharge and Defeasance of Securities of any Series.

 

Unless otherwise established, as contemplated by
Section 3.01, with respect to Securities of any series, the Company shall,
notwithstanding Section 6.01, be deemed to have paid and discharged the
entire indebtedness on all the Outstanding Securities of any such series from
and after the ninety-first day after the date of the deposit referred to in
paragraph (a) below, the provisions of this Indenture (except as to the rights
of Holders of Outstanding Securities of such series to receive, from the trust
funds described in paragraph (a) below, payment of the principal of, premium,
if any, and interest, if any, on such Outstanding Securities on the Stated
Maturity of such principal, premium, if any, or installment of interest, if
any, the Company’s obligations with respect to such Outstanding Securities of
such series under Sections 3.05, 3.06, 6.05 and 12.02 as may be applicable
to Outstanding Securities of such series, and the rights, powers, trusts,
duties, indemnities and immunities of the Trustee hereunder) shall no longer be
in effect in respect of Outstanding Securities of such series, and the Trustee,
at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of such indebtedness; provided that the following conditions shall have been
satisfied:

 

(a)           the
Company has deposited or caused to be deposited with the Trustee irrevocably as
trust funds in trust, specifically pledged as security for, and dedicated
solely to, the benefit of the Holders of all Outstanding Securities of such
series, with reference to this Section 6.02, (i) money in an amount in the
currency in which the Securities of such series are denominated or (ii) U.S.
Government Obligations in the case of Securities denominated in Dollars or
obligations issued or guaranteed by the government which issued the currency in
which the Securities are denominated in the case of Securities denominated in
Foreign Currencies, which through the payment of interest and principal in
respect thereof in accordance with their terms will provide, not later than the
opening of business on the due date of any payment referred to in this
paragraph (a), money in an amount in the currency in which the Securities of
such series are denominated, or (iii) a combination thereof, sufficient, in the
opinion of a nationally

 

29

 

recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge the entire indebtedness on all
Outstanding Securities of such series for principal, premium, if any, and
interest, if any, to the Stated Maturity as such principal, premium, if any, or
interest, if any, becomes due and payable in accordance with the term of this
Indenture and the Securities of such series; provided,
however, the Company shall not make or
cause to be made the deposit provided by this clause (a) unless the Company
shall have delivered to the Trustee an Opinion of Counsel to the effect that
there will not occur any violation of the Investment Company Act of 1940, as
amended, on the part of the Company, the trust funds representing such deposit
or the Trustee as a result of such deposit and the related exercise of the
Company’s option under this Section 6.02;

 

(b)           the
Company has paid or caused to be paid all other sums payable hereunder by the
Company in connection with the Outstanding Securities of such series, including
all fees and expenses of the Trustee for such series; and

 

(c)           the
Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for
relating to the satisfaction and discharge of the entire indebtedness on all
Outstanding Securities of such series have been complied with.

 

Section 6.03.          Application of Trust Money.

 

(a)           Subject
to the provisions of Section 6.05, all money, U.S. Government Obligations
and other government obligations deposited with the Trustee for the Securities
of any series pursuant to Section 6.01 or 6.02, and all money
received by the Trustee in respect of U.S. Government Obligations and such
other government obligations deposited with the Trustee for the Securities of
any series pursuant to Section 6.01 or 6.02 shall be held in trust and
applied by it, in accordance with the provisions of the Securities of such
series and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the Persons entitled thereto, of the principal of,
premium, if any, and interest, if any, on the Securities of such series; but
such money need not be segregated from other funds except to the extent
required by law and the Trustee shall have no liability to pay interest thereon
or for the investment thereof.

 

(b)           The
Trustee shall deliver or pay to the Company from time to time upon Company
request any U.S. Government Obligations, other government obligations or money
held by it as provided in Sections 6.01 and 6.02 which, in the
opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, are then
in excess of the amount thereof which then would have been required to be
deposited for the purpose for which such U.S. Government Obligations, other
government obligations or money were deposited or received.

 

30

 

Section 6.04.          Paying Agent to Repay Moneys Held.

 

Upon the satisfaction and discharge of this Indenture
all moneys then held by any Paying Agent under the provisions of this Indenture
shall, upon demand of the Company, be repaid to it or paid to the appropriate
Trustee, and thereupon such Paying Agent shall be released from all further
liability with respect to such moneys.

 

Section 6.05.          Return of Unclaimed Moneys.

 

Any moneys deposited with or paid to the Trustee or
any Paying Agent for the Securities of any series, whether pursuant to this
Article or Section 12.07(b) hereof, or then held by the Company, in trust
for the payment of the principal of and premium, if any, or interest, if any,
on Securities of such series and not applied but remaining unclaimed by the
Holders of Securities of such series for two years after the date upon which
the principal of and premium, if any, or interest, if any, on such Securities,
as the case may be, shall have become due and payable, shall, unless otherwise
required by mandatory provisions of applicable escheat or abandoned or
unclaimed property law, be repaid to the Company by such Trustee or any Paying
Agent on demand or (if then held by the Company) shall be discharged from such
trust; and the Holder of any such Securities entitled to receive such payment
shall thereafter look only to the Company for the payment thereof; provided, however,
that, before being required to make any such repayment, such Trustee may (at
the expense of the Company) cause to be published once a week for two
successive weeks, in each case on any day of the week, in an Authorized
Newspaper in the same city in which the Place of Payment with respect to
Securities of such series shall be located and in an Authorized Newspaper in the
Borough of Manhattan, The City of New York, a notice (in such form as may be
deemed appropriate by such Trustee) that said moneys remain unclaimed and that,
after a date named therein, any unclaimed balance of said moneys then remaining
will be returned to the Company.

 

ARTICLE SEVEN

 

REMEDIES

 

Section 7.01.          Events of Default.

 

“Event of Default” whenever used herein with respect
to Securities of any series means any one of the following events and such
other events as may be established with respect to the Securities of such
series as contemplated by Section 3.01 hereof, continued for the period of
time, if any, and after the giving of notice, if any, designated herein or
therein, as the case may be, unless the same is either not applicable to the
Securities of such series or is deleted or modified in the terms of the
Securities of such series established as contemplated by Section 3.01
hereof:

 

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

 

(b)           default
in the payment of all or any part of the principal of (or premium, if any, on)
any Security of such series at its Maturity; or

 

31

 

(c)           default
in the making or satisfaction of any sinking fund payment or analogous
obligation when the same becomes due and payable by the terms of the Securities
of such series; or

 

(d)           default
in the performance, or breach, of any covenant or warranty of the Company in
respect of the Securities of such series contained in this Indenture or in such
Securities (other than a covenant or warranty in respect of the Securities of
such series a default in whose performance or whose breach is elsewhere in this
Section 7.01 specifically dealt with) or established as contemplated by
Section 3.01 hereof for the Securities of such series, and continuance of
such default or breach for a period of 90 days after there has been given, by
registered or certified mail, to the Company by the Trustee for the Securities
of such series, or to the Company and such Trustee by the Holders of at least
25% in principal amount of the Outstanding Securities of such series, a written
notice specifying such default or breach and requiring it to be remedied and
stating that such notice is a “Notice of Default” hereunder; or

 

(e)           the
entry of a decree or order by a court having jurisdiction in the premises
adjudging the Company a bankrupt or insolvent, or approving as properly filed a
petition seeking reorganization, arrangement, adjustment or composition of or
in respect of the Company under Title II of the United States Code as now
constituted or hereafter amended (the “Federal Bankruptcy Code”) or any
other applicable Federal or State law, or appointing a receiver, liquidator,
assignee, trustee, sequestrator (or other similar official) of the Company or
of any substantial part of its property, or ordering the winding up or
liquidation of its affairs, and the continuance of any such decree or order
unstayed and in effect for a period of 60 consecutive days; or

 

(f)            an
event of default with respect to the Securities of any other series issued or
hereafter issued pursuant to this Indenture or an event of default as defined
in any mortgage, indenture or instrument under which there may be issued, or by
which there may be secured or evidenced, any indebtedness of the Company for
borrowed money in excess of $50,000,000, whether such indebtedness now exists
or shall hereafter be created, shall happen and shall result in an aggregate
principal amount of at least $50,000,000 of the Securities of such other series
or such indebtedness, as the case may be, becoming or being declared due and
payable prior to the date on which it would otherwise become due and payable,
and such acceleration shall not be rescinded or annulled within a period of 10
days after there has been given, by registered or certified mail, to the
Company by the Trustee or to the Company and the Trustee by the Holders of at
least 25% in principal amount of the Outstanding Securities of such series a
written notice specifying such event of default and requiring the Company to
cause such acceleration to be rescinded or annulled and stating that such
notice is a “Notice of Default” hereunder; provided, however, that, subject to the provisions of
Sections 8.01 and 8.02, the Trustee shall not be charged with knowledge of
any such event of default unless a Responsible Officer of the Trustee, in the
course of the Trustee’s administration of corporate trusts, shall have actual
knowledge of such event of default, or unless written notice of such event of
default shall have been given to the Trustee by the Company, by the Holder of
any Securities of such other series or by the holder or an agent of the holder
of any such indebtedness for borrowed money, as the case may be, or by the
trustee then

 

32

 

acting under this
Indenture with respect to the Securities of such other series or under any
mortgage, indenture or instrument, as the case may be, under which such event
of default shall have occurred, or by the Holders of at least 25% in principal
amount of the Outstanding Securities of such series; or

 

(g)           the
institution by the Company of proceedings to be adjudicated a bankrupt or
insolvent, or the consent by it to the institution of bankruptcy or insolvency
proceedings against it, or the filing by it of a petition or answer or consent
seeking reorganization or relief under the Federal Bankruptcy Code or any other
applicable Federal or State law, or the consent by it to the filing of any such
petition or to the appointment of a receiver, liquidator, assignee, trustee,
sequestrator (or other similar official) of the Company or of any substantial
part of its property, or the making by it of an assignment for the benefit of
creditors, or the admission by it in writing of its inability to pay its debts
generally as they become due, or the taking of corporate action by the Company
in furtherance of any such action; or

 

(h)           any
other Event of Default established as contemplated by Section 3.01 hereof
for Securities of such series.

 

Section 7.02.          Acceleration of Maturity; Rescission and Annulment.

 

If an Event of Default with respect to Securities of
any series at the time outstanding occurs and is continuing, then and in each
and every such case, unless the principal of all of the Securities of such
series shall have already become due and payable, the Trustee or the Holders of
not less than 25% in aggregate principal amount of the Outstanding Securities
of such series may declare the principal amount (or, if the Securities of such
series are Original Issue Discount Securities, such portion of the principal
amount as may be specified in the terms of such series) of all the Securities
of such series to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), and upon any such declaration
of acceleration the same shall become immediately due and payable, anything in
this Indenture or in the Securities of such series or any resolution of the
Board of Directors relating thereto contained to the contrary notwithstanding.

 

At any time after such a declaration of acceleration
has been made and before a judgment or decree for payment of the money due has
been obtained or entered as hereinafter in this Article provided, the Holders
of a majority in principal amount of the Outstanding Securities of such series,
by written notice to the Company and the Trustee, may waive all defaults with
respect to such Securities and rescind and annul such declaration and its
consequences if

 

(a)           the
Company has paid or deposited with the Trustee a sum sufficient to pay

 

(i)            all
overdue installments of interest, if any, on all Securities of such series;

 

(ii)           the
principal of (and premium, if any, on) any and all Securities of such series
which have become due otherwise than by such declaration of

 

33

 

acceleration and interest
thereon at the Overdue Rate applicable to the Securities of such series;

 

(iii)          to
the extent that payment of such interest is lawful, interest upon any overdue
installment of interest at the Overdue Rate applicable to the Securities of
such series;

 

(iv)          all
sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel and
other amounts owing the Trustee under Section 8.07; and

 

(b)           all
Events of Default with respect to Securities of such series, other than the
non-payment of the principal of Securities which have become due solely by such
acceleration, have been cured or waived as provided in Section 7.13 or
12.10 hereof.

 

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

 

Section 7.03.          Collection of Indebtedness and Suits for Enforcement by Trustee.

 

The Company covenants that if

 

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

 

(b)           default
is made in the payment of all or any part of the principal of (or premium, if
any, on) any Security of any series at the Maturity thereof, or

 

(c)           default
is made in the making or satisfaction of any sinking fund payment or analogous
obligation when the same becomes due pursuant to the terms of the Securities of
any series established as contemplated by Section 3.01,

 

the Company will, upon demand of the Trustee, pay to
the Trustee, for the benefit of the Holder of any such Security (or Holders of
Securities of any such series in the case of clause (c) above), the whole
amount then due and payable on any such Security (or Securities of any such series
in the case of clause (c) above) for principal, premium, if any, and interest,
if any, with interest upon the overdue principal (and premium, if any) and, to
the extent that payment of such interest shall be legally enforceable, upon any
overdue installment of interest, at the Overdue Rate of any such Security (or
Securities of any such series in the case of clause (c) above); and, in
addition thereto, such further amount as shall be sufficient to cover the costs
and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of such Trustee, its agents and counsel, and all
other amounts owing the Trustee under Section 8.07.

 

If the Company fails to pay such amounts forthwith
upon such demand, the Trustee, in its own name and as trustee of an express
trust, may institute a judicial proceeding for the collection of the sums so
due and unpaid, and may prosecute such proceeding to judgment or final decrees,

 

34

 

and may enforce the same
against the Company or any other obligor upon such Securities and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of
the property of the Company or any other obligor upon such Securities, wherever
situated.

 

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

 

Section 7.04.          Trustee May File Proofs of Claim.

 

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

 

(i)  to file and
prove a claim or claims for the whole amount of principal (or, if the
Securities of such series are Original Issue Discount Securities, such portion
of the principal amount as may be due and payable with respect to such series
pursuant to a declaration in accordance with Section 7.02 hereof),
premium, if any, and interest, if any, owing and unpaid in respect of the
Securities of such series and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including
any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel) and of the Holders of the Securities of
such series allowed in such judicial proceeding, and

 

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

 

and any receiver, assignee, trustee, liquidator,
sequestrator (or other similar official) in any such judicial proceeding is
hereby authorized by each Holder to make such payments to the Trustee, and in
the event that such Trustee shall consent to the making of such payments
directly to the Holders, 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 8.07 hereof.

 

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

 

35

 

Section 7.05.          Trustee May Enforce Claims without Possession of
Securities.

 

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

 

Section 7.06.          Application of Money Collected.

 

Any moneys collected by the Trustee pursuant to this
Article shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money on account of
principal (or premium, if any) or interest, if any, upon presentation of the
several Securities with respect to which such moneys were collected, and the
notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid.

 

FIRST:                    To
the payment of all amounts due the Trustee under Section 8.07 hereof.

 

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

 

THIRD:                  The
balance, if any, to the Company.

 

Section 7.07.          Limitation on Suits.

 

No Holder of any Security of any series shall have any
right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee (or other similar
official), or for any other remedy hereunder, unless

 

(1)           an Event
of Default shall have occurred and be continuing and such Holder previously
shall have given to the Trustee written notice of default with respect to the
Securities of such series and of the continuance thereof;

 

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

 

(3)           such
Holder or Holders have offered to the Trustee reasonable indemnity against the
costs, expenses and liabilities to be incurred in compliance with such request;

 

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

 

36

 

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

 

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

 

Section 7.08.          Unconditional Right of Holders to Receive Principal,
Premium and Interest.

 

Notwithstanding any other provision of this Indenture,
the Holder of a Security of any series shall have the right which is absolute
and unconditional to receive payment of the principal of (and premium, if any)
and (subject to Section 3.08) interest, if any, on such Security on the respective
Stated Maturities expressed in such Security (or, in the case of redemption, on
the Redemption Date) and to institute suit for the enforcement of any such
payment, and such rights shall not be impaired without the consent of such
Holder.

 

Section 7.09.          Restoration of Rights and Remedies.

 

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

 

Section 7.10.          Rights and Remedies Cumulative.

 

No right or remedy herein conferred upon or reserved
to the Trustee or to the Holders of the Securities of any series is intended to
be exclusive of any other right or remedy, and every right and remedy shall, to
the extent permitted by law, be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise.  The assertion or employment
of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy.

 

Section 7.11.          Delay or Omission Not Waiver.

 

No delay or omission of the Trustee or of the Holders
of the Securities of any series to exercise any right or remedy accruing upon
any Event of Default shall impair any such right or remedy or constitute a
waiver of any such Event of Default or an acquiescence therein.  Every right and remedy given by this Article
or by law to the Trustee or to such Holders may be exercised from time to time,
and as often as may be deemed expedient, by the Trustee or by such Holders, as
the case may be.

 

37

 

Section 7.12.          Control by Holders.

 

The Holders of a majority in principal amount of the
Outstanding Securities of any series shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the
Trustee or exercising any trust or power conferred on the Trustee, provided that

 

(a)           such
direction shall not be in conflict with any rule of law or with this Indenture,
unduly prejudice the rights of the Holders or involve the Trustee in personal
liability (it being understood that the Trustee shall have no obligation to
make any determination with respect to such conflict, prejudice or liability),
and

 

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

 

Section 7.13.          Waiver of Past Defaults.

 

The Holders of not less than a majority in principal
amount of the Outstanding Securities of any series may on behalf of the Holders
of all the Securities of such series waive any past default hereunder and its
consequences, except a default

 

(a)           in
the payment of the principal of (or premium, if any) or interest, if any, on
any Security of such series, or in the payment of any sinking fund installment
or analogous obligation with respect to the Securities of such series, or

 

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

 

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

 

Section 7.14.          Undertaking for Costs.

 

All parties to this Indenture agree, and each Holder
of a 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; but the provisions of this Section 7.14 shall not apply to any
suit instituted by such Trustee, to any suit instituted by any Holder, or group
of Holders, holding in the aggregate more than 10% in principal amount of the
Outstanding Securities of any series, or to any suit instituted by any Holder
for the enforcement of the payment of the principal of (or premium, if any) or
interest, if any, on any Security on or after the respective Stated Maturities
expressed in such Security (or, in the case of redemption, on or after the
Redemption Date).

 

38

 

Section 7.15.          Waiver of Stay or Extension 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 wherever enacted, now or at any time hereafter in force, 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

 

THE TRUSTEE

 

Section 8.01.          Certain Duties and Responsibilities.

 

(a)           Except
during the continuance of an Event of Default with respect to the Securities of
any series,

 

(i)            the
Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture with respect to the Securities of such
series and all other series, and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and

 

(ii)           in
the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed
therein, upon certificates or opinions furnished to the Trustee and conforming
to the requirements of this Indenture; but in the case of any such certificates
or opinions which by any provision hereof are specifically required to be
furnished to the Trustee, the Trustee shall be under a duty to examine the same
to determine whether or not they conform to the requirements of this Indenture.

 

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

 

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

 

(i)            this
Subsection shall not be construed to limit the effect of Subsection (a) of this
Section 8.01;

 

39

 

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

 

(iii)          the
Trustee shall not be liable with respect to any action taken, suffered or
omitted to be taken by it in respect of the Securities of any series in good
faith in accordance with the direction of the Holders of a majority in
principal amount of the Outstanding Securities of such series pursuant to Section 7.12
relating to the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred
upon the Trustee, under this Indenture; and

 

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

 

(d)           Whether
or not therein expressly so provided, every provision of this Indenture
relating to the conduct or affecting the liability of or affording protection
to the Trustee shall be subject to the provisions of this Section 8.01.

 

Section 8.02.          Notice of Defaults.

 

Within 90 days after the occurrence of any default
hereunder with respect to the Securities of any series, the Trustee shall
transmit by mail to all Holders of the Securities of such series, as their
names and addresses appear in the Securities Register, notice of such default
hereunder with respect to the Securities of such series known to the Trustee,
unless such default shall have been cured or waived; provided, however,
that, except in the case of a default in the payment of principal of (or
premium, if any) or interest, if any, on any Security of such series, or in the
payment of any sinking fund installment or analogous obligation in respect thereof,
the Trustee shall be protected in withholding such notice if and so long as the
board of directors, the executive committee or a trust committee of directors
and/or Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the interest of such Holders; and provided, further,
that in the case of any default of the character specified in
Section 7.01(d) hereof no such notice to Holders shall be given until at
least 30 days after the occurrence thereof. 
For the purpose of this Section 8.02, the term “default” means any event which is, or
after notice or lapse of time or both would become, an Event of Default.

 

Section 8.03.          Certain Rights of Trustee.

 

Subject to Section 8.01 hereof:

 

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

 

40

 

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

 

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

 

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

 

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

 

(f)            the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note or other
paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit, and, if
the Trustee shall determine to make such further inquiry or investigation, it
shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney;

 

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

 

(h)           except
with respect to Section 12.01, the Trustee shall have no duty to inquire as to
the performance of the Company with respect to covenants contained in Article
12.  In addition, the Trustee shall not
be deemed to have knowledge of an Event of Default except (i) any default or Event
of Default occurring pursuant to Sections 12.01, 7.01(a) or 7.01(b) or (ii) any
default or Event of Default of which the Trustee shall have received written
notification or obtained actual knowledge; and

 

(i)            delivery
of reports, information and documents to the Trustee under Section 9.04 is for
informational purposes only and the Trustee’s receipt of the foregoing shall
not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company’s
compliance with any of their covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officer’s Certificates).

 

41

 

Section 8.04.          Not Responsible for Recitals or Issuance of
Securities.

 

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

 

Section 8.05.          May Hold Securities.

 

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

 

Section 8.06.          Money Held in Trust.

 

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

 

Section 8.07.          Compensation and Reimbursement.

 

The Company agrees

 

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

 

(b)           except
as otherwise expressly provided herein, to reimburse the Trustee upon its
request for all reasonable expenses, disbursements and advances incurred or
made by the Trustee in accordance with any provision of this Indenture
(including the reasonable compensation and the expenses and disbursements of
its agents and counsel and of any Authenticating Agent), except to the extent
any such expense, disbursement or advance may be attributable to its negligence
or bad faith; and

 

(c)           to
indemnify the Trustee and its agents for, and to hold them harmless against,
any loss, liability or expense arising out of or in connection with the
acceptance or administration of this trust and performance of their duties
hereunder, including the costs and expenses (including fees and disbursements
of their counsel) of defending themselves against any claim or liability in
connection with the exercise or performance of any of their powers or duties
hereunder, except as to the Trustee or any agent to the extent any such loss,
liability or expense may be attributable to its own negligence or bad faith.

 

As security for the performance of the obligations of
the Company under this Section 8.07, the Trustee shall have a lien prior
to the Securities upon all property and funds held

 

42

 

or collected by the Trustee as such, except funds held
in trust for the payment of principal of (and premium, if any) or interest, if
any, on particular Securities.  The
provisions of this Section 8.07 shall survive any Trustee succession and
the satisfaction and discharge of this Indenture.  “Trustee” for purposes of this
Section 8.07 shall include any predecessor trustee but the negligence and
bad faith of any Trustee shall not affect the rights of any other Trustee under
this Section 8.07.

 

Section 8.08.          Disqualification; Conflicting Interests.

 

Reference is made to Section 310(b) of the Trust Indenture
Act.  For purposes of Section 310(b)(l)
of the Trust Indenture Act no Trustee shall be deemed to have a conflicting
interest by virtue of being Trustee for the Securities of more than one series.

 

Section 8.09.          Corporate Trustee Required; Different Trustees for
Different Series;  Eligibility.

 

There shall at all times be a Trustee hereunder for
the Securities of each series which shall be a corporation organized and doing
business under the laws of the United States of America or of any State or the
District of Columbia authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least $50,000,000, subject
to supervision or examination by Federal or State authority, and, if there is
such a corporation that has a corporate trust office in the Borough of
Manhattan, The City of New York, the State of New York, or in such other city
as shall be established as contemplated by Section 3.01 with respect to
the Securities of any series that is willing to act upon reasonable and
customary terms, having a corporate trust office in the Borough of Manhattan or
such other city.  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.  A different Trustee may be appointed by the
Company for the Securities of each series prior to the issuance of such
Securities.  If the initial Trustee for
the Securities of any series is to be other than U.S. Bank National Association,
the Company and such Trustee shall, prior to the issuance of such Securities,
execute and deliver an indenture supplemental hereto, which shall provide for
the appointment of such Trustee as Trustee for the Securities of such series
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
hereunder separate and apart from any trust or trusts hereunder administered by
any other such Trustee.  If at any time
the Trustee for the Securities of any series shall cease to be eligible in
accordance with the provisions of this Section 8.09, it shall resign
immediately in the manner and with the effect hereinafter specified in this
Article.

 

Section 8.10.          Resignation and Removal; Appointment of Successor.

 

(a)           No
resignation or removal of the Trustee for the Securities of any series and no
appointment of a successor Trustee for the Securities of such series pursuant
to

 

43

 

this Article shall become
effective until the acceptance of appointment by the successor Trustee under
Section 8.11 hereof.

 

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

 

(c)           The
Trustee for the Securities of any series may be removed at any time with respect
to one or more or all such series by Act of the Holders of a majority in
aggregate principal amount of the Outstanding Securities of such one or more
series (each voting as a class) delivered to such Trustee and to the Company.

 

(d)           If
at any time:

 

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

 

(ii)           such
Trustee shall cease to be eligible under Section 8.09 hereof and shall
fail to resign after written request therefor by the Company or by any such
Holder of Securities, or

 

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

 

then, in any such ease, (1) the Company by a Board
Resolution may remove the Trustee, or (2) subject to Section 7.14 hereof, any
Holder of a Security of such series who has been a bona fide Holder of such
Security for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the
removal of such Trustee and the appointment of a successor Trustee for the
Securities of such series.

 

(e)           If
the Trustee for the Securities of any series shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Trustee for
the Securities of any series for any cause, the Company, by a Board Resolution,
shall promptly appoint a successor Trustee for the Securities of such
series.  If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a
successor Trustee for the Securities of such series shall be appointed by Act
of the Holders of a majority in principal amount of the Outstanding Securities
of such series

 

44

 

delivered to the Company
and the retiring Trustee, the successor Trustee so appointed shall, forthwith
upon its acceptance of such appointment, become the successor Trustee for the
Securities of such series and supersede the successor Trustee appointed by the
Company.  If no successor Trustee for the
Securities of such series shall have been so appointed by the Company or such
Holders and accepted appointment in the manner hereinafter provided, any Holder
who has been a bona fide Holder of a Security of such series for at least six
months may, on behalf of himself and all others similarly situated, petition
any court of competent jurisdiction for the appointment of a successor Trustee
for the Securities of such series.

 

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

 

Section 8.11.          Acceptance of Appointment by Successor.

 

Every successor Trustee appointed hereunder shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an
instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee; but, on request of
the Company or the successor Trustee, such retiring Trustee shall, upon payment
of its charges, execute and deliver an instrument transferring to such
successor Trustee all the rights, powers and trusts of the retiring Trustee,
and shall duly assign, transfer and deliver to such successor Trustee all
property and money held by such retiring Trustee hereunder, subject
nevertheless to its lien, if any, provided for in Section 8.07
hereof.  Upon request of any such
successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such
rights, powers and trusts.

 

In case of the appointment hereunder of a successor
Trustee for the Securities of one or more (but not all) series, the Company,
the predecessor Trustee and each successor Trustee for 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 for 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
hereunder separate and apart from any trust or trusts hereunder administered by
any other such Trustee.

 

45

 

No successor Trustee for the Securities of any series
shall accept its appointment unless at the time of such acceptance such
successor Trustee shall be qualified under Section 310(b) of the Trust
Indenture Act and eligible under Section 8.09.

 

Section 8.12.          Merger, Conversion, Consolidation or Succession to
Business.

 

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

 

Section 8.13.          Preferential Collection of Claims against Company.

 

Reference is made to Section 311 of the Trust
Indenture Act, for purposes of which:

 

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

 

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

 

Section 8.14.          Authenticating Agent.

 

The Trustee may appoint an Authenticating Agent for
the Securities of each series which shall be acceptable to the Company, to act
on behalf of such Trustee and subject to its direction in connection with the
authentication of the Securities of such series.  Each Authenticating Agent shall at all times
be a corporation organized and doing business under the laws of the United
States of America or of any State, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of at least
$50,000,000, and subject to supervision or

 

46

 

examination by Federal or State 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 8.14 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.

 

Securities of any series authenticated by the
Authenticating Agent for the Securities of such series shall be entitled to the
benefits of this Indenture and shall be valid and obligatory for all purposes
as if authenticated by the Trustee for the Securities of such series.  Whenever reference is made in this Indenture
to the authentication and delivery of Securities of any series by the Trustee
or such Trustee’s certificate of authentication, such reference shall be deemed
to include authentication and delivery on behalf of the Trustee by the
Authenticating Agent for the Securities of such series and a certificate of
authentication executed on behalf of the Trustee by such Authenticating Agent.

 

Any corporation into which any Authenticating Agent
may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which any
Authenticating Agent shall be a party, or any corporation succeeding to the
corporate agency business of any Authenticating Agent, shall continue to be the
Authenticating Agent with respect to the Securities of all series for which it
served as Authenticating Agent without the execution or filing of any paper or any
further act on the part of the Trustee or such Authenticating Agent.

 

Any Authenticating Agent may at any time resign by
giving written notice of resignation to the Trustee and to the Company.  The Trustee may at any time terminate the
agency of any Authenticating Agent for the Securities of any series by giving
written notice of termination to such Authenticating Agent and to the
Company.  Upon receiving such a notice of
resignation or upon such a termination, or in case at any time any
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section 8.14, with respect to the Securities of one or
more or all series, the Trustee promptly shall appoint a successor
Authenticating Agent which shall be acceptable to the Company, and upon doing
so shall give written notice of such appointment to the Company and shall mail
notice of such appointment to all Holders of the Securities of such series as
the names and addresses of such Holders appear upon the Securities Register.  Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all the
rights, powers, duties and responsibilities of its predecessor hereunder with
like effect as if originally appointed as Authenticating Agent hereunder.  No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section 8.14.

 

The Trustee agrees to pay to each Authenticating Agent
from time to time reasonable compensation for its services, and the Trustee
shall be entitled to be reimbursed for such payments subject to the provisions
of Section 8.07 hereof.

 

47

 

ARTICLE NINE

 

HOLDERS’ LISTS AND
REPORTS BY TRUSTEE AND COMPANY

 

Section 9.01.          Company to Furnish Trustee Names and Addresses of
Holders.

 

The Company will furnish or cause to be furnished to
the Trustee (a) semi-annually, on a date not more than 15 days after each
regular record date with respect to an Interest Payment Date, if any, for the
Securities of each series, and (b) on semi-annual dates in each year to be
established as contemplated by Section 3.01 hereof if the Securities of
any series do not bear interest and (c) at such other times as the Trustee may
request in writing, within 30 days after receipt by the Company of any such
request, a list in such form as the Trustee may reasonably require containing
all the 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 the Securities of such series, obtained since the date as of which
the next previous list, if any, was furnished. 
Any such list may be dated as of a date not more than 15 days prior to
the time such information is furnished or caused to be furnished and need not
include information received after such date; provided,
however, that as long as the
Trustee is the Securities Registrar for the Securities of such series, no such
list shall be required to be furnished.

 

Section 9.02.          Preservation of Information; Communications to
Holders.

 

(a)           The
Trustee shall preserve, in as current a form as is reasonably practicable, the
names and addresses of Holders of the Securities of each series contained in
the most recent list furnished to such Trustee as provided in Section 9.01
hereof or in the Securities Register if such Trustee be the Securities
Registrar for such series and the names and addresses of Holders received by
the Trustee in its capacity as Paying Agent for the Securities of such series.  The Trustee may destroy any list furnished to
it as provided in Section 9.01 hereof upon receipt of a new list so
furnished.

 

(b)           If
three or more Holders of the Securities of any series (hereinafter referred to
as “applicants”) apply in writing to the Trustee, furnish to the Trustee
reasonable proof that each such applicant has owned a Security of such series
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 the Securities of any series with respect to their rights under this
Indenture or under the Securities of any series and is accompanied by a copy of
the form of proxy or other communication which such applicants propose to
transmit, then the Trustee shall, within five Business Days after the receipt
of such application, at its election, either

 

(i)            afford
such applicants access to the information preserved at the time by the Trustee
in accordance with Subsection (a) of this Section 9.02, or

 

(ii)           inform
such applicants as to the approximate number of such Holders whose names and
addresses appear in the information preserved at the time by the Trustee in
accordance with Subsection (a) of this Section 9.02, and as

 

48

 

to the approximate cost
of mailing to such Holders the form of proxy or other communication, if any,
specified in such application.

 

If the Trustee shall elect not to afford such
applicants access to such information, the Trustee shall upon the written
request of such applicants, mail to each Holder to whom the applicant desires
to communicate whose name and address appear in the information preserved at
the time by such Trustee in accordance with Subsection (a) of this Section 9.02,
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 Commission, together
with a copy of the material to be mailed, a written statement to the effect
that, in the opinion of the Trustee, such mailing would be contrary to the best
interests of such Holders or would be in violation of applicable law.  Such written statement shall specify the
basis of such opinion.  If the Commission,
after opportunity for a hearing upon the objections specified in the written
statement so filed, shall enter an order refusing to sustain any of such
objections or if, after the entry of an order sustaining one or more of such
objections, the Commission shall find, after notice and opportunity for
hearing, that all the objections so sustained have been met and shall enter an
order so declaring, the Trustee shall mail copies of such material to all such
Holders with reasonable promptness after the entry of such order and the
renewal of such tender; otherwise the Trustee shall be relieved of any
obligation or duty to such applicants respecting their application.

 

(c)           Every
Holder of Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee, nor any agent
of the Company or the Trustee, shall be held accountable by reason of the
disclosure of any such information as to the names and addresses of the Holders
in accordance with Subsection (b) of this Section 9.02, 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 Subsection (b) of this Section 9.02.

 

Section 9.03.          Reports by Trustee.

 

(a)           Within
60 days after the first May 15 which occurs not less than 60 days following the
first date of issuance of the Securities of any series under this Indenture and
within 60 days after May 15 in every year thereafter, the Trustee shall
transmit by mail to all Holders of such series, as their names and addresses
appear in the Securities Register, any brief report, dated as of such May 15,
required by Section 313(a) of the Trust Indenture Act and at such other times
in such manner such other reports as may be required by Section 313 of the
Trust Indenture Act in each case with respect to the Securities of such
series.  A copy of each such report
shall, at the time of such transmission to such Holders, be filed by such
Trustee with each stock exchange upon which such Securities are listed and also
with the Commission.  The Company will
notify such Trustee when such Securities are listed on any stock exchange.

 

49

 

Section 9.04.          Reports by Company.

 

The Company will

 

(a)           file
with the Trustee for the Securities of each series, within 15 days after the
Company is required to file the same with the Commission, copies of the annual
reports and of the information, documents and other reports (or copies of such
portions of any of the foregoing as the Commission may from time to time by
rules and regulations prescribe) which the Company may be required to file with
the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or,
if the Company is not required to file information, documents or reports pursuant
to either of said Sections, then it will file with such Trustee and the
Commission, in accordance with rules and regulations prescribed from time to
time by the Commission, such of the supplementary and periodic information,
documents and reports which may be required pursuant to Section 13 of the
Exchange Act of 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)           file
with such Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information,
documents and reports with respect to compliance by the Company with the
conditions and covenants of this Indenture as may be required from time to time
by such rules and regulations; and

 

(c)           transmit
by mail to all Holders, as their names and addresses appear in the Securities
Register, within 30 days after the filing thereof with the Trustee, such
summaries of any information, documents and reports required to be filed by the
Company pursuant to paragraphs (a) and (b) of this Section 9.04 as may be
required by rules and regulations prescribed from time to time by the
Commission.

 

ARTICLE TEN

 

CONSOLIDATION,
MERGER, CONVEYANCE OR TRANSFER

 

Section 10.01.        Company May Consolidate, etc., Only on Certain Terms.

 

The Company shall not consolidate with or merge into
any other Person or convey, transfer or lease all or substantially all of its
properties and assets to any Person or group of Persons other than to a direct
or indirect wholly-owned Subsidiary, unless:

 

(1)           the Person
formed by such consolidation or into which the Company is merged or the Person or
group of Persons that acquires by conveyance or transfer, or which leases, all
or substantially all of the properties and assets of the Company shall be a Person
organized and existing under the laws of the United States of America, any
State thereof or the District of Columbia, and shall expressly assume, by an
indenture supplemental hereto, executed and delivered to the Trustee for the
Securities of each series in form satisfactory to such Trustee, the due and
punctual payment of the principal of and interest on all the Securities and the
performance of every covenant of this Indenture on the part of the Company to
be performed or observed;

 

50

 

(2)           immediately
after giving effect to such transaction, no Event of Default, and no event that,
after notice or lapse of time, or both, would become an Event of Default, shall
have occurred and be continuing; and

 

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

 

The provisions of this Section 10.01 shall not be
applicable to a merger or consolidation in which the Company is the surviving
corporation.

 

Section 10.02.        Successor Corporation Substituted.

 

Upon any consolidation or merger, or any conveyance or
transfer of the properties and assets of the Company substantially as an
entirety in accordance with Section 10.01, the successor corporation
formed by such consolidation or into which the Company is merged or to which
such conveyance or transfer is made shall succeed to, and be substituted for
and may exercise every right and power of, the Company under this Indenture
with the same effect as if such successor corporation had been named as the
Company herein, and thereafter the predecessor corporation shall be relieved of
all obligations and covenants under the Indenture and the Securities.

 

ARTICLE ELEVEN

 

SUPPLEMENTAL
INDENTURES

 

Section 11.01.        Supplemental Indentures without Consent of Holders.

 

Without the consent of any Holders, the Company, when
authorized by Board Resolution, and the Trustee at any time and from time to
time may enter into one or more indentures supplemental hereto, in form
satisfactory to the Trustee, for any of the following purposes:

 

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

 

(b)           to
add to or modify the covenants or Events of Default of the Company, for the
benefit of the Holders of the Securities of any or all series, to convey,
transfer, assign, mortgage or pledge any property to or with such Trustee, or
to surrender any right or power herein conferred upon the Company; or

 

(c)           to
establish the form and terms of the Securities of any series as contemplated by
Section 2.01 or 3.01 hereof; or

 

(d)           to
add to or change any of the provisions of this Indenture as is necessary or
advisable to facilitate the issuance of Securities of any series in bearer
form,

 

51

 

registrable or nonregistrable
as to principal and with or without interest coupons, and to provide for
exchangeability of such Securities with the Securities of the same series
issued hereunder in fully registered form and to make all appropriate changes
for such purpose, or to permit or facilitate the issuance of Securities in
uncertificated form; or

 

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

 

(f)            to
add to or change any of the provisions of this Indenture to provide that bearer
Securities may be registrable as to principal, to change or eliminate any
restrictions on the payment of principal of, or premium, if any, or interest on
bearer Securities or on the delivery of bearer Securities, or to permit bearer
Securities to be issued in exchange for bearer Securities of other authorized
denominations, provided any such action shall
not adversely affect the interests of the Holders of bearer Securities of any
series or any related coupons in any material respect unless such amendment is
required to comply with the Bearer Rules; or

 

(g)           to
evidence and provide for the acceptance of appointment hereunder of a Trustee
other than U.S. Bank National Association, as Trustee for the Securities of any
series of Securities 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 8.09 hereof; or

 

(h)           to
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series or 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 hereof; or

 

(i)            to
add to, change or eliminate any of the provisions of this Indenture; provided, that any such addition, change or elimination (i)
shall become effective only when no Security of any series entitled to the
benefits of such provision and issued prior to the execution of such
supplemental indenture is outstanding or (ii) shall not apply to any
outstanding Security.

 

Section 11.02.        Supplemental Indentures with Consent of Holders.

 

Subject to Sections 7.12 and 7.13 hereof, with
the consent of the Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of each series affected thereby, by Act of
said Holders delivered to the Company and the Trustee, the Company, when
authorized by Board Resolution, and the Trustee may enter into an indenture or
indentures supplemental hereto for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture
or of modifying in any manner the rights of the Holders of the Securities of
such series under this Indenture; provided,
however, that no such

 

52

 

supplemental indenture shall, without the consent of
the Holder of each Outstanding Security affected thereby,

 

(a)           change
the Stated Maturity of the principal of, or any installment of interest on, any
Security, or reduce the principal amount thereof or the interest thereon, or
any premium payable on the redemption thereof, or change the Place of Payment,
or the coin or currency in which any Security or the interest, if any, thereon
is payable, 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 or adversely affect the right of repayment, if any, at the option of
the Holder, or reduce the amount of, or postpone the date fixed for, any
payment under the sinking fund for any Security, or impair the right to
institute suit for the enforcement of any such payment on or after the Stated
Maturity thereof (or, in the case of redemption, on or after the Redemption
Date), or

 

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

 

(c)           modify
any of the provisions of this Section 11.02 or Section 7.13 hereof,
except to increase any such percentage or to provide that certain other
provisions of this Indenture cannot be modified or waived without the consent of
the Holder of each Security affected thereby.

 

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

 

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

 

Section 11.03.        Execution of Supplemental Indentures.

 

In executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article or the
modifications thereby of the trusts created by this Indenture, the Trustee for
the Securities of any series shall be entitled to receive, and (subject to
Sections 8.01 and 8.03 hereof) shall be fully protected in relying upon,
an Opinion of Counsel stating that the execution of such supplemental indenture
is authorized or permitted by this Indenture. 
Such Trustee may, but shall not be obligated to, enter into any such
supplemental indenture which affects such Trustee’s own rights, duties or
immunities under this Indenture or otherwise.

 

53

 

Section 11.04.        Notice of Supplemental Indenture.

 

Promptly after the execution by the Company and the
appropriate Trustee of any supplemental indenture pursuant to
Section 11.02 hereof, the Company shall transmit by mail to all Holders of
Securities of any series affected thereby, as their names and addresses appear
in the Securities Register, a notice setting forth in general terms the
substance of such supplemental indenture.

 

Section 11.05.        Effect of Supplemental Indentures.

 

Upon the execution of any supplemental indenture under
this Article, this indenture shall be modified in accordance therewith but only
with respect to the Securities of each series affected by such supplemental
indenture, and such supplemental indenture shall form a part of this Indenture
for all purposes with respect to the Securities of such series; and every
Holder of Securities of any such series theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby.

 

Section 11.06.        Conformity with Trust Indenture Act.

 

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

 

Section 11.07.        Reference in Securities to Supplemental Indentures.

 

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

 

ARTICLE TWELVE

 

COVENANTS

 

Section 12.01.        Payment of Principal, Premium and Interest.

 

The Company will duly and punctually pay the principal
of, premium, if any, and interest, if any, on the Securities of each series in
accordance with the terms of such Securities established as contemplated by
Section 3.01 and this Indenture.

 

Section 12.02.        Maintenance of Office or Agency.

 

The Company will maintain in each Place of Payment for
the Securities of any series, an office or agency where Securities of such
series may be presented or surrendered for payment, where Securities of such
series may be surrendered for registration of transfer or exchange and where
notices and demands to or upon the Company in respect of the Securities of such
series

 

54

 

and this Indenture may be
served; provided, however, that at the option of the Company
payment of interest may be made (subject to collection) by check mailed to the
address of the Person entitled thereto as such address shall appear in the
Security Register.  With respect to the
Securities of any series, such office or agency and each Place of Payment shall
be as established as contemplated by Section 3.01.  In the absence of establishment as
contemplated by Section 3.01 with respect to the Securities of any series,
(i) the Place of Payment for such Securities shall be in the city that the
Corporate Trust Office shall be in and (ii) such office or agency in such Place
of Payment shall initially be the Corporate Trust Office of the Trustee.  The Company will give prompt written notice
to the Trustee of the location, and any change in the location, of any such
office or agency, if at any time the Company shall fail to maintain any such
required office or agency or shall fail to furnish the Trustee for the
Securities of each series with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Corporate Trust
Office of such Trustee, and the Company hereby appoints the Trustee its agent
to receive all such presentations, surrenders, notices and demands with respect
to the Securities of such series.

 

The Company may also from time to time designate one
or more other offices or agencies (in or outside the Place of Payment) where
the Securities of one or more series may be presented or surrendered for any or
all of such purposes specified above, and may from time to time rescind such
designations; provided, however, that no such designation or rescission
shall in any manner relieve the Company of its obligation to maintain an office
or agency in each Place of Payment for such purpose.

 

Section 12.03.        Money for Securities Payments to Be Held in Trust.

 

If the Company shall at any time act as its own Paying
Agent, it will, on or before each due date of the principal of (and premium, if
any) or interest, if any, on, any of the Securities of any series, segregate
and hold in trust for the benefit of the Persons entitled thereto a sum
sufficient to pay the principal, premium, if any, or interest, if any, so
becoming due until such sums shall be paid to such Persons or otherwise
disposed of as herein provided, and will promptly notify the Trustee of such
series of its failure so to act.

 

Whenever the Company shall have one or more Paying
Agents, it will, on or before each due date of the principal of (and premium,
if any) or interest, if any, on, any Securities of any series, deposit with a
Paying Agent for the Securities of such series a sum sufficient to pay the
principal, premium, if any, or interest, if any, so becoming due, such sum to
be held in trust for the benefit of the Persons entitled to such principal,
premium or interest, if any, and (unless such Paying Agent is the Trustee for
the Securities of such series) the Company will promptly notify such Trustee at
its Corporate Trust Office of its failure so to act.

 

The Company will cause each Paying Agent for the
Securities of any series other than the Trustee to execute and deliver to the
Trustee an instrument in which such Paying Agent shall agree with the Trustee,
subject to the provisions of this Section 12.03, that such Paying Agent
will

 

(a)           hold
all sums held by it for the payment of the principal of, premium, if any, or
interest, if any, on the Securities of such series in trust for the benefit of
the

 

55

 

Persons entitled thereto
until such sums shall be paid to such Persons or otherwise disposed of as
herein provided;

 

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

 

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

 

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

 

Section 12.04.        Payment of Taxes and Other Claims.

 

The Company will pay or discharge or cause to be paid
or discharged, before the same shall become delinquent, (a) all taxes,
assessments and governmental charges levied or assessed upon the Company or
upon the income, profits or property of the Company, and (b) all lawful claims
for labor, materials and supplies, in either case which, if unpaid, may by law
become a lien upon the property of the Company in such amount as would be
material to the Company and its Subsidiaries taken as a whole; provided, however,
that the Company shall not be required to pay or discharge or cause to be paid
or discharged any such tax, assessment, charge or claim whose amount,
applicability or validity is being contested in good faith by appropriate
proceedings.

 

Section 12.05.        Statement as to Compliance.

 

The Company will file with the Trustee within four
months after the close of each fiscal year (which, until the Company shall
otherwise notify the Trustee, shall be deemed to be the calendar year) a brief
certificate, which need not comply with Section 1.02 hereof, from the
principal executive, financial or accounting officer of the Company as to his
or her knowledge of the Company’s compliance with all conditions and covenants
under this Indenture (without regard to any period of grace or requirement of
notice provided in this Indenture).

 

Section 12.06.        Corporate Existence.

 

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

 

56

 

Section 12.07.        Restrictions on the Creation of Mortgages and Liens.

 

(a)           The
Company will not at any time directly or indirectly create, assume, incur, or
suffer to be created, assumed, or incurred or to exist any mortgage, pledge,
encumbrance or lien of any kind (except for any bona fide option or agreement
to sell) (a “Lien”) upon (1) any shares of capital stock owned by the
Company of any of the Principal Subsidiaries (other than directors’ qualifying
shares) or (2) any shares of capital stock owned by the Company of a Subsidiary
of the Company that owns, directly or indirectly, capital stock of any of the
Principal Subsidiaries (other than directors’ qualifying shares) without making
effective provision whereby the Securities (and any other indebtedness of the
Company or such Subsidiary entitled to the benefit of a covenant similar to the
covenant contained in this Section 12.07, subject to applicable priorities
of payment) will be secured by such Lien equally and ratably with any and all
other obligations thereby secured, so long as any such other obligations and
indebtedness shall be so secured; provided, however, that notwithstanding the foregoing, the Company may
incur or suffer to be incurred or to exist upon such capital stock (A) Liens
for taxes, assessments or other governmental charges or levies which are not
yet due or are payable without penalty or of which the amount, applicability or
validity is being contested by the Company in good faith by appropriate
proceedings, or (B) the Liens of any judgment, if such judgment shall not have
remained undischarged, or unstayed on appeal or otherwise, for more than 60
days.  Solely for purposes of this
Section 12.07 and for the avoidance of doubt, the sale or other disposition (so
long as such disposition is not otherwise a Lien) of a Principal Subsidiary
shall not be prohibited by this Section 12.07.

 

(b)           The
provisions of Section 12.07(a) shall cease to be binding on the Company
with respect to any series of the Securities to which such provisions are
applicable and shall be of no further force and effect from and after the
ninety-first day after the date of the deposit referred to in paragraph (1)
below; provided that the following conditions
shall have been satisfied:

 

(1)           the
Company has deposited or caused to be deposited with the Trustee irrevocably as
trust funds in trust, specifically pledged as security for, and dedicated
solely to, the benefit of the Holders of all Outstanding Securities of such
series, with reference to this Section 12.07(b), (i) money in an amount in
the currency in which the Securities are denominated or (ii) U.S. Government
Obligations in the case of Securities denominated in Dollars or obligations
issued or guaranteed by the government which issued the currency in which the
Securities are denominated in the case of Securities denominated in a Foreign
Currency, which through the payment of interest and principal in respect
thereof in accordance with their terms will provide not later than the opening
of business on the due date of any payment referred to in this paragraph (1)
money in an amount in the currency in which the Securities are denominated, or
(iii) a combination thereof, sufficient, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge the entire
indebtedness on all Outstanding Securities or such series for principal (and
premium, if any) and interest, if any, to the Stated Maturity as such principal
(and premium, if any) or interest, if any, becomes due and payable in
accordance with the terms of this Indenture and the Securities of such series; provided, however,
the Company shall 

 

57

 

not make or cause to be made the deposit provided by
this clause (1) unless the Company shall have delivered to the Trustee an
Opinion of Counsel to the effect that there will not occur any violation of the
Investment Company Act of 1940, as amended, on the part of the Company, the
trust funds representing such deposit or the Trustee as a result of such
deposit and related exercise of the Company’s option under this
Section 12.07(b);

 

(2)           the
Company has paid or caused to be paid all other sums payable hereunder by the
Company in connection with the Outstanding Securities of such series, including
all fees and expenses of the Trustee for such series; and

 

(3)           the
Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for
relating to the foregoing relief from the covenant contained in
Section 12.07(a) have been complied with.

 

Subject to the provisions of Section 6.05 hereof,
all money, U.S. Government Obligations and other government obligations
deposited with the Trustee for the Securities of any series pursuant to
paragraph (1) of this Subsection and all money received by the Trustee in
respect of U.S. Government Obligations and such other government obligations
deposited with the Trustee for the Securities of any series pursuant to said
paragraph (1) shall be held in trust and applied by the Trustee, in accordance
with the provisions of the Securities of such series and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine to the Persons
entitled thereto, of the principal of (and premium, if any) and interest, if
any, on the Securities of such series; but such money need not be segregated
from other funds except to the extent required by law.  Compliance with the provisions of this
Section 12.07(b) shall not relieve the Company of its obligation to make
payments of principal of and interest, if any, on the Securities of such series
or, except with respect to Section 12.07(a), of any other of its
obligations under this Indenture and the Securities of such series.

 

The Trustee shall deliver or pay to the Company from
time to time upon Company request any U.S. Government Obligations, other
government obligations or money held by it as provided in this
Section 12.07(b) which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, are then in excess of the amount thereof which then
would have been required to be deposited for the purpose for which such U.S.
Government Obligations, other government obligations or money were deposited or
received.

 

58

 

Section 12.08.        Permit No Vacancy in Office of Trustee.

 

The Company, whenever necessary to avoid or fill a
vacancy in the office of the Trustee for the Securities of any series, will
appoint, in the manner provided in Section 8.10 hereof, a Trustee for the
Securities of such series, so that there shall at all times be a Trustee for
the Securities of every series hereunder.

 

Section 12.09.        Other Instruments and Acts.

 

The Company will, upon the request of the Trustee,
execute and deliver such further instruments and do such further acts as may
reasonably be necessary or proper to carry out more effectually the purposes of
this Indenture.

 

Section 12.10.        Waiver.

 

Without limitation of the rights of the Holders and
the Company with respect to waivers and amendments set forth in
Sections 7.13 and 11.02, the Company may omit in any particular instance
to comply with a covenant or provision hereof which non-compliance could
constitute a default hereunder (other than (i) a covenant or provision with
respect to the payment of the principal of (or premium, if any) or interest, if
any, on any Security of any series, or in payment of any sinking fund
installment or analogous obligation with respect to the Securities of such
series or (ii) a covenant or provision which under Article Eleven hereof cannot
be modified or amended without the consent of the Holder of each Outstanding
Security affected), if before or after the time for such compliance the Holders
of at least a majority in principal amount of the Securities at the time
Outstanding of any series affected by the omission shall, by Act of such
Holders, either waive such compliance in such instance or generally waive
compliance with such covenant or provision, but no such waiver shall extend to
or affect such covenant or provision except to the extent so expressly waived,
and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such covenant or provision
shall remain in full force and effect.

 

59

 

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

 

	
   

  	
  AMERIPRISE FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Arthur H. Berman

  	
   

  
	
   

  	
   

  	
  Title: SVP & Treasurer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
  /s/ Sandra
  L. Shelton

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  Sr. Admin
  Asst.

  	
   

  	
   

  
	
   

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ R. Prokosch

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
  /s/ Raymond Haverstock

  	
   

  	
   

  
	
   

  	
   

  
	
  Title:

  	
  Vice President

  	
   

  

 

60Exhibit 4(b)

(Form of
Note

with Optional Redemption Provisions)

 

(Form of
Face of Note)

 

AMERIPRISE
FINANCIAL, INC.

 

% Note(1)
due

 

	
  No.

  	
   

  	
   

  	
  [$] [if not in U.S. dollars specify
  currency]

  

 

AMERIPRISE FINANCIAL, INC., a
Delaware corporation (hereinafter called the “Company”, which term includes any successor corporation under the Indenture
hereinafter referred to), for value received, hereby promises to pay to                                      or
registered assigns, the principal sum of                                      [Dollars]
[if not in U.S. dollars, specify currency] on                                      ,
and to pay interest (computed on the basis of a 360-day year of twelve 30-day
months) thereon from                                      ,
or from the most recent Interest Payment Date to which interest has been paid
or duly provided for, on                                  and
                                 in
each year, commencing                               ,
and at maturity, at the rate per annum specified in the title of this Note,
until the principal hereof is paid or made available for payment (and, in the
case of a default in the payment of principal or interest, at the rate of        %
per annum on such overdue principal and (to the extent that the payment of such
interest shall be legally enforceable) on such overdue interest which shall
accrue from the date of such default to the date payment of such principal or
interest has been made or duly provided for). The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as
provided in said Indenture, be paid to the Person in whose name this Note (or
one or more Predecessor Securities) is registered at the close of business on                  or                 ,
as the case may be, next preceding such Interest Payment Date. In any case
where such Interest Payment Date shall not be a Business Day, then
(notwithstanding any other provision of said Indenture or the Notes) payment of
such interest need not be made on such date, but may be made on the next
succeeding Business Day with the same force and effect as if made on such date,
and, if such payment is so made, no interest shall accrue for the period from
and after such date. Any such interest not so punctually paid or duly provided
for shall forthwith cease to be payable to the registered Holder on                          or                    ,
as the case may be, and may be paid to the Person in whose name this Note (or
one or more Predecessor Securities) is registered at the close of business on a
record date for the payment of such Defaulted Interest to be fixed by the
Trustee for the Notes, notice whereof shall be given to Holders of Notes not
less than 10 days prior to such record date, or may be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities
exchange on which the Notes may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in said Indenture. Payment
of the principal of (and premium, if any) and interest on this Note will be
made at the office or agency of the Company maintained for that purpose in the
City of                                     ,
or, at the option of the Holder, at the office or agency of the Company
maintained for that purpose in                                     ,
in such coin or currency of the [United States of America] [if foreign currency,
insert relevant country] as at the time of payment is legal tender for payment
of public and private debts [if composite currency insert “in units of composite currency”] [if for foreign currency or composite
currency, insert the following language: “equal to the U S. dollar equivalent
thereof determined in such manner as described on the reverse hereof”] [if holder can elect foreign currency or
composite currency, insert the following language: “(or, if the holder of the
Note shall elect to be paid in the [relevant currency], as provided below, in [relevant
currency])”], provided, however, that at the option of the Company

 

(1)                                  If the maturity is more than 10 years, this
security will be denominated a “Debenture” rather than a “Note”.

 

 

payment of interest may be made (subject to
collection) by check mailed to the address of the Person entitled thereto as
such address shall appear on the Securities Register.

 

[If holder can elect foreign
currency or composite currency, insert the following language: “The holder may elect to receive payment of the
principal of or interest on this Note in [relevant currency] by filing a
written request for such payment with the corporate trust office of the Trustee,
prior to the relevant Record Date in the case of any payment of interest and at
least fifteen days prior to the due date in the case of payment of principal.
The holder may elect to receive [relevant currency] for all principal and interest
payments and need not file a separate election form for each payment. Such
election shall remain in effect until changed by written notice to the Trustee
prior to the Record Date in the case of payment of interest and at least
fifteen days prior to the due date in the case of payment of principal.”] [If for composite currency, insert the
following language: “If the [composite
currency] ceases to be used both within the                        monetary
system and for the settlement of transactions by public institutions of or
within the                                 communities,
then with respect to each date for the payment of interest or principal of this
Note occurring after the last date on which the [composite currency] was so
used, the U.S. dollar shall be the currency of payment. The U.S. dollar amount
to be paid by the Company to the Trustee and by the Trustee to the holder of
this Note with respect to such payment date shall be the U.S. dollar equivalent
of the [composite currency] as determined                                              prior
to the payment date.”]

 

ADDITIONAL PROVISIONS OF THIS
NOTE ARE CONTAINED ON THE REVERSE HEREOF AND SUCH PROVISIONS SHALL HAVE THE
SAME EFFECT AS THOUGH FULLY SET FORTH IN THIS PLACE.

 

Unless the certificate of authentication
hereon has been executed by or on behalf of the Trustee for the Notes by manual
signature, this Note shall not be entitled to any benefit under the Indenture,
or be valid or obligatory for any purpose.

 

IN WITNESS WHEREOF, AMERIPRISE FINANCIAL, INC. has caused this
instrument to be duly executed under its corporate seal.

 

Dated:

 

	
   

  	
  AMERIPRISE FINANCIAL, INC.

  
	
   

  	
   

  
	
  [SEAL]

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
  Attest

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  Secretary

  

 

2

 

(Form of
Reverse of Note)

 

AMERIPRISE
FINANCIAL, INC.

 

% Note due

 

This Note is one of a duly
authorized issue of debentures, notes or other evidences or indebtedness
(hereinafter called the “Securities”) of the Company of the series hereinafter
specified, which series is limited in aggregate principal amount to [$] [if not
in U.S. dollars, specify currency]                           (except
as provided in the Indenture hereinafter mentioned), all such Securities issued
and to be issued under an indenture dated as of October      ,
2005 between the Company and U.S. Bank National Association, as Trustee [, as
supplemented by a                   Supplemental
Indenture, dated as of                             ,
20    ] ([herein collectively,] the “Indenture”), [pursuant to which the Company has designated                                         as
Trustee for the Notes,] to which Indenture and all [other] indentures
supplemental thereto reference is hereby made for a statement of the rights and
limitation of rights thereunder of the Holders of the Securities and of the
rights, obligations, duties and immunities of the Trustee for each series of
Securities and of the Company, and the terms upon which the Securities are and
are to be authenticated and delivered. As provided in the Indenture, the
Securities may be issued in one or more series, which different series may be
issued in various aggregate principal amounts, may be denominated in currencies
other than U.S. dollars (including composite currencies), may mature at
different times, may bear interest, if any, at different rates, may be subject
to different redemption provisions, if any, may be subject to different
sinking, purchase or analogous funds, if any, may be subject to different
covenants and Events of Default and may otherwise vary as in the Indenture
provided or permitted. This Note is one of a series of the Securities designated         %
Notes due                          (the
“Notes”).

 

[Insert provisions regarding
payment in other currency if series is not denominated in U.S. dollars.]

 

[The Notes may not be redeemed
prior to Stated Maturity.] [The Notes may not be redeemed at the option of the
Company prior to                          .
On and after that date and prior to Stated Maturity the Company may, at its
option, redeem the Notes, either as a whole or from time to time in part, at
100% of the principal amount thereof, together with interest accrued and unpaid
thereon to the Redemption Date.]

 

[Notice of redemption shall be
mailed to the registered Holders of the Notes designated for redemption at
their addresses as the same shall appear on the Securities Register, not less
than 30 days nor more than 60 days prior to the Redemption Date, subject to all
the conditions and provisions of the Indenture.]

 

[In the event of redemption of
this Note in part only, a new Note or Notes for the amount of the unredeemed
portion hereof shall be issued in the name of the Holder hereof upon the
cancellation hereof.]

 

[Insert any alternative
redemption provisions.]

 

The Indenture contains provisions
for defeasance and discharge [at the Company’s option] of [either] the entire principal of
all the Securities of any series [or of certain covenants in the Indenture]
upon compliance by the Company with certain conditions set forth therein.

 

If an Event of Default with
respect to the Notes, as defined in the Indenture, shall occur and be
continuing, the principal of all the Notes may be declared due and payable in
the manner and with the effect provided in the Indenture.

 

The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification
of the rights and obligations of the Company and the rights of the Holders of
the Securities of any series under

 

3

 

the Indenture at any time by the Company with
the consent of the Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of each series affected thereby.  The Indenture also contains provisions
permitting the Holders of specified percentages in aggregate principal amount
of the Securities of any series at the time Outstanding, on behalf of the
Holders of all the Securities of such series, to waive compliance by the
Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences with respect to such series. Any
such consent or waiver by the Holder of this Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any
Note issued upon the transfer hereof or in exchange herefor or in lieu hereof
whether or not notation of such consent or waiver is made upon this Note.

 

No reference herein to the
Indenture and no provision of this Note or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of (and premium, if any) and interest on this Note at the
times, place and rate, and in the coin or currency, herein prescribed.

 

As provided in the Indenture
and subject to certain limitations therein set forth, this Note is transferable
on the Securities Register of the Company, upon surrender of this Note for
registration of transfer at the office or agency of the Company to be
maintained for that purpose in the City of                                     ,
or, at the option of the Holder, at the office or agency of the Company to be
maintained for that purpose in                                                   ,
or at any other office or agency of the Company maintained for that purpose,
duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Securities Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Notes, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.

 

The Notes are issuable only in
registered form without coupons in denominations of [$] [if not in U.S.
dollars, specify currency]                                      and
any multiple of [$] [if not in U.S. dollars, specify currency]                                     .
As provided in the Indenture and subject to certain limitations therein set
forth, Notes are exchangeable for a like aggregate principal amount of Notes of
a like tenor and of a different authorized denomination, as requested by the
Holder surrendering the same.

 

No service charge shall be made
for any such transfer or exchange, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
with the registration of such transfer or exchange, other than certain
exchanges not involving any transfer.

 

Certain terms used in this Note
which are defined in the Indenture have the meanings set forth therein.

 

This Note shall for all
purposes be governed by, and construed in accordance with, the laws of the
State of New York.

 

The Company, the Trustee for
the Notes and any agent of the Company or such Trustee may treat the Person in
whose name this Note is registered as the owner hereof for the purpose of
receiving payment as herein provided and for all other purposes, whether or not
this Note be overdue, and neither the Company, such Trustee nor any such agent
shall be affected by notice to the contrary.

 

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]