Document:

Exhibit 10.2

     

     

     

    Exhibit
      10.2

     

    
      

      

    

     

    CCH
      II, LLC

     

    AND

     

    CCH
      II CAPITAL CORP.,

     

    AS
      ISSUERS

     

    CHARTER
      COMMUNICATIONS HOLDINGS, LLC,

     

    AS
      PARENT GUARANTOR

     

    AND

     

    THE
      BANK OF NEW YORK TRUST COMPANY, NA,

     

    AS
      TRUSTEE

     

    INDENTURE

     

    DATED
      AS OF SEPTEMBER 14, 2006

     

    10.25%
      SENIOR NOTES DUE 2013

     

    

    
      

      

    

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    (When
      TOC needs updated, call 4023 and Info Processing will update
      it)

    TABLE
      OF CONTENTS

     

     

    
      	 	 	Page
	 ARTICLE
              I	 DEFINITIONS
              AND INCORPORATION BY REFERENCE.....................................................................	 
              1
	 	 	 
	
              SECTION

            	
              1.01. 
                Definitions...........................................................................................................................

            	 
              1
	
              SECTION

            	1.02. 
              Other Definitions...................................................................................................................	26 
	
              SECTION

            	1.03. 
              Incorporation by Reference of Trust Indenture Act.......................................................................	26 
	
              SECTION

            	1.04. 
              Rules of Construction.............................................................................................................	27
	 	 	 
	ARTICLE
              II	THE
              NOTES................................................................................................................................ 	27 
	 	 	 
	
              SECTION

            	2.01. 
              Form and Dating...................................................................................................................	27 
	
              SECTION

            	2.02. 
              Execution and Authentication..................................................................................................	29 
	
              SECTION

            	2.03. 
              Registrar and Paying Agent.....................................................................................................	29 
	
               SECTION 

            	2.04. 
              Paying Agent to Hold Money in Trust.......................................................................................	30 
	
               SECTION 

            	2.05. 
              Holder Lists.........................................................................................................................	30 
	
              SECTION

            	2.06. 
              Transfer and Exchange...........................................................................................................	30 
	
              SECTION

            	2.07. 
              Replacement Notes................................................................................................................	34 
	
               SECTION 

            	2.08. 
              Outstanding Notes................................................................................................................	34 
	
               SECTION 

            	2.09. 
              Treasury Notes.....................................................................................................................	35 
	
               SECTION 

            	2.10. 
              Temporary Notes...................................................................................................................	35 
	
               SECTION 

            	2.11. 
              Cancellation.........................................................................................................................	35 
	
               SECTION 

            	2.12. 
              Default Interest.....................................................................................................................	35 
	
               SECTION 

            	2.13. 
              Record Date.........................................................................................................................	35 
	
               SECTION 

            	2.14. 
              Computation of Interest..........................................................................................................	35 
	
               SECTION 

            	2.15. 
              CUSIP Numbers....................................................................................................................	35 
	
               SECTION 

            	2.16. 
              Special Transfer Provisions.....................................................................................................	36 
	
              SECTION

            	2.17. 
              Issuance of Additional Notes..................................................................................................	38 
	
              SECTION

            	2.18. 
              Temporary Regulations S Global Notes......................................................................................	38 
	 	 	 
	ARTICLE
              III	REDEMPTION.............................................................................................................................	39 
	 	 	 
	
              SECTION 

            	3.01. 
              Notices to Trustee.................................................................................................................	39 
	
              SECTION

            	3.02. 
              Selection of Notes to be Redeemed...........................................................................................	39 
	
              SECTION

            	3.03. 
              Notice of Redemption.............................................................................................................	39 
	
              SECTION

            	3.04. 
              Effect of Notice of Redemption.................................................................................................	40 
	
              SECTION

            	3.05. 
              Deposit of Redemption Price....................................................................................................	40 
	
              SECTION

            	3.06. 
              Notes Redeemed in Part..........................................................................................................	40 
	
              SECTION

            	3.07. 
              Optional Redemption.............................................................................................................	41 
	
              SECTION

            	
              3.08  
                Mandatory Redemption or Repurchase......................................................................................

            	41 
	
              SECTION

            	3.09. 
              Offer to Purchase by Application of Excess Proceeds...................................................................	41 
	 	 	 
	ARTICLE
              IV	COVENANTS...............................................................................................................................	43 
	 	 	 
	
              SECTION

            	4.01. 
              Payment of Notes..................................................................................................................	43 

    

    

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

    
      
        
           

          
            	
                    SECTION

                  	4.02. 
                    Maintenance of Office or Agency.............................................................................................	43 
	
                    SECTION

                  	4.03. 
                    Reports...............................................................................................................................	44 
	
                    SECTION

                  	4.04. 
                    Compliance Certificate............................................................................................................	45 
	
                    SECTION

                  	4.05. 
                    Taxes..................................................................................................................................	45 
	
                    SECTION

                  	4.06. 
                    Stay, Extension and Usury Laws...............................................................................................	45 
	
                    SECTION

                  	4.07. 
                    Restricted Payments...............................................................................................................	45 
	
                    SECTION

                  	4.08. 
                    Investments.........................................................................................................................	49 
	
                    SECTION

                  	4.09. 
                    Dividend and Other Payment Restrictions Affecting Subsidiaries....................................................	49 
	
                    SECTION

                  	4.10. 
                    Incurrence of Indebtedness and Issuance of Preferred Stock......................................................... 	51 
	
                    SECTION

                  	4.11. 
                    Limitation on Asset Sales........................................................................................................	53 
	
                    SECTION

                  	4.12. 
                    Sale and Leaseback Transactions..............................................................................................	55 
	
                    SECTION

                  	4.13. 
                    Transactions with Affiliates....................................................................................................	55 
	
                    SECTION

                  	4.14. 
                    Liens..................................................................................................................................	56 
	
                    SECTION

                  	4.15. 
                    Existence.............................................................................................................................	57 
	
                    SECTION

                  	4.16. 
                    Repurchase at the Option of Holders upon a Change of Control......................................................	57 
	
                    SECTION

                  	4.17. 
                    Limitations on Issuances of Guarantees of Indebtedness...............................................................	59 
	
                    SECTION

                  	4.18. 
                    Payments for Consent.............................................................................................................	59 
	
                    SECTION

                  	4.19. 
                    Application of Fall-Away Covenants.........................................................................................	59 
	 	 	 
	ARTICLE
                    V	SUCCESSORS..............................................................................................................................	60 
	 	 	 
	
                    SECTION 

                  	5.01. 
                    Merger, Consolidation, or Sale of Assets....................................................................................	60 
	
                    SECTION

                  	5.02. 
                    Successor Corporation Substituted...........................................................................................	
                    61 

                  
	 	 	 
	ARTICLE
                    VI 	DEFAULTS
                    AND REMEDIES .........................................................................................................	61 
	 	 	 
	
                    SECTION

                  	6.01. 
                    Events of Default...................................................................................................................	61 
	
                    SECTION 

                  	6.02. 
                    Acceleration.........................................................................................................................	62 
	
                    SECTION 

                  	6.03. 
                    Other Remedies.....................................................................................................................	63 
	
                    SECTION 

                  	6.04. 
                    Waiver of Existing Defaults.....................................................................................................	63 
	
                    SECTION 

                  	6.05. 
                    Control by Majority................................................................................................................	63 
	
                    SECTION 

                  	6.06. 
                    Limitation on Suits.................................................................................................................	63 
	
                    SECTION 

                  	6.07. 
                    Rights of Holders of Notes to Receive Payment...........................................................................	64 
	
                    SECTION 

                  	6.08. 
                    Collection Suit by Trustee.......................................................................................................	64 
	
                    SECTION 

                  	6.09. 
                    Trustee May File Proofs of Claim..............................................................................................	64 
	
                    SECTION 

                  	6.10. 
                    Priorities..............................................................................................................................	65 
	
                    SECTION 

                  	6.11. 
                    Undertaking for Costs.............................................................................................................	65 
	 	 	 
	ARTICLE
                    VII 	TRUSTEE....................................................................................................................................	65 
	 	 	 
	
                    SECTION 

                  	7.01. 
                    Duties of Trustee...................................................................................................................	65 
	
                    SECTION 

                  	7.02. 
                    Rights of Trustee...................................................................................................................	66 
	
                    SECTION 

                  	7.03. 
                    Individual Rights of Trustee....................................................................................................	67 
	
                    SECTION 

                  	7.04. 
                    Trustee's Disclaimer...............................................................................................................	68 

          

        

      

      
         

         

        
          
            
            

          

          
            ii

            
              

            

          

          
            
            

          

        

         

        
          	
                  SECTION

                	7.05. 
                  Notes of Defaults...................................................................................................................	68 
	
                  SECTION 

                	7.06. 
                  Reports by Trustee to Holders of the Notes................................................................................	68 
	
                  SECTION 

                	7.07. 
                  Compensation and Indemnity...................................................................................................	68 
	
                  SECTION 

                	7.08. 
                  Replacement of Trustee..........................................................................................................	69 
	
                  SECTION 

                	7.09. 
                  Successor Trustee by Merger, etc............................................................................................	70 
	
                  SECTION 

                	7.10. 
                  Eligibility; Disqualification.......................................................................................................	70 
	
                  SECTION 

                	7.11. 
                  Preferential Collection of Claims Against the Issuers.....................................................................	70 
	 	 	 
	ARTICLE
                  VIII	LEGAL
                  DEFEASANCE AND COVENANT DEFEASANCE....................................................................	70 
	 	 	 
	
                  SECTION 

                	8.01. 
                  Option to Effect Legal Defeasance or Covenant Defeasance...........................................................	70 
	
                  SECTION 

                	8.02. 
                  Legal Defeasance and Discharge..............................................................................................	71 
	
                  SECTION 

                	8.03. 
                  Covenant Defeasance.............................................................................................................	71 
	
                  SECTION 

                	8.04. 
                  Conditions to Legal or Covenant Defeasance..............................................................................	72 
	
                  SECTION 

                	8.05. 
                  Deposited Money and Government Securities to Be Held in Trust:  Other
                  Miscellaneous Provisions......	73 
	
                  SECTION 

                	8.06. 
                  Repayment to Issuers.............................................................................................................	74 
	
                  SECTION 

                	8.07. 
                  Reinstatement.......................................................................................................................	
                  74 

                
	 	 	 
	ARTICLE
                  IV 	AMENDMENT,
                  SUPPLEMENT AND WAIVER..................................................................................	74 
	 	 	 
	
                  SECTION 

                	9.01. 
                  Without Consent of Holders of Notes........................................................................................	74 
	
                  SECTION 

                	9.02. 
                  With Consent of Holders of Notes............................................................................................	75 
	
                  SECTION 

                	9.03. 
                  Compliance with Trust Indenture Act........................................................................................	76 
	
                  SECTION 

                	9.04. 
                  Revocation and Effect of Consents...........................................................................................	77 
	
                  SECTION 

                	9.05. 
                  Notation on or Exchange of Notes.............................................................................................	77 
	
                  SECTION 

                	9.06. 
                  Trustee to Sign Amendments, etc. ............................................................................................	77 
	 	 	 
	ARTICLE
                  X	GUARANTEE...............................................................................................................................	77 
	 	 	 
	
                  SECTION 

                	10.01. 
                  Unconditional Guarantee.......................................................................................................	77 
	
                  SECTION 

                	10.02. 
                  Severability.........................................................................................................................	78 
	
                  SECTION 

                	10.03. 
                  Waiver of Subrogation..........................................................................................................	78 
	
                  SECTION 

                	10.04. 
                  Execution of Note Guarantee..................................................................................................	79 
	
                  SECTION 

                	10.05. 
                  Waiver of Stay, Extension or Usury Laws..................................................................................	79 
	 	 	 
	ARTICLE
                  XI 	MISCELLANEOUS .......................................................................................................................	79 
	 	 	 
	
                  SECTION 

                	11.01. 
                  Trust Indenture Act Controls.................................................................................................	79 
	
                  SECTION 

                	11.02. 
                  Notices..............................................................................................................................	79 
	
                  SECTION 

                	11.03. 
                  Communication by Holders of Notes with Other Holders of Notes.................................................	81 
	
                  SECTION 

                	11.04. 
                  Certificate and Opinion as to Conditions Precedent.....................................................................	81 
	
                  SECTION

                	11.05. 
                  Statements Required in Certificate or Opinion............................................................................	81 
	
                  SECTION

                	11.06. 
                  Rules by Trustee and Agents.................................................................................................	81 

        

         

         

        
          
            
            

          

          
            iii

            
              

            

          

          
            
            

          

        

        

        
          	
                  SECTION

                	11.07. 
                  No Personal Liability of Directors, Officers, Employees, Incorporators,
                  Members and Stockholders......	81 
	
                  SECTION

                	11.08. 
                  Governing Law....................................................................................................................	82 
	
                  SECTION

                	11.09. 
                  No Adverse Interpretation of Other Agreements.........................................................................	82 
	
                  SECTION

                	11.10. 
                  Successors.........................................................................................................................	82 
	
                  SECTION

                	11.11. 
                  Severability.........................................................................................................................	82 
	
                  SECTION

                	11.12. 
                  Counterpart Originals............................................................................................................	82 
	
                  SECTION

                	11.13. 
                  Table of Contents, Headings, etc.............................................................................................	82 
	
                  SECTION

                	11.14. 
                  Waiver of Jury Trial..............................................................................................................	82 
	
                  SECTION

                	11.15. 
                  Force Majeure.....................................................................................................................	82 
	 	 	 
	ARTICLE
                  XII	SATISFACTION
                  AND DISCHARGE ................................................................................................	
                  83 

                
	 	 	 
	
                  SECTION

                	12.01. 
                  Satisfaction and Discharge of Indenture...................................................................................	83 
	
                   SECTION 

                	12.02.  Application
                  of Trust Money...................................................................................................	84 

        

         

         

         

         

        Exhibits:

      

    

     

    Exhibit
      A   Form of
      Note    

    Exhibit
      B    Form
      of Certificate to be Delivered in connection with Transfers Pursuant to Rule
      144A    

    Exhibit
      C    Form
      of Certificate to be Delivered in connection with Transfers Pursuant to
      Regulation S    

    Exhibit
      D   Form
      of
      Certificate of Beneficial Ownership in connection with exchanges of Temporary
      Regulation S Global Notes

     

    

    
      
        
           

        

        
        

      

      
        iv

        
          

        

      

      
        
        

        
        

      

    

    CROSS-REFERENCE
      TABLE

     

    
      	
              TIA
                Section

            	 	
               Indenture
                Section

            
	
              310
                

            	 (a)(1)	
              7.10

            
	
            	 (a)(2)	
              7.10

            
	 	 (a)(3)	
              N/A

            
	 	 (a)(4)	
              N/A

            
	 	 (b)	
                    7.08;
                7.10

            
	 	 (c)	
              N/A 

            
	
               311

            	 (a)	
              7.11

            
	 	 (b)	
              7.11

            
	 	 (c)	
              N/A

            
	
               312

            	 (a)	
              2.05

            
	 	 (b)	
                           
                11.03

            
	 	 (c)	
                           
                11.03

            
	
               313

            	 (a)	
              7.06

            
	 	 (b)(1)	
              N/A

            
	 	 (b)(2)	
              7.06

            
	 	 (c)	
                           
                11.02

            
	 	 (d)	
              7.06

            
	
               314

            	 (a)	
                    4.03;
                4.04

            
	 	 (b)	
              N/A

            
	 	 (c)(1) 	
                           
                11.04

            
	 	 (c)(2)	
                           
                11.04

            
	 	 (c)(3)	
                           
                11.04

            
	 	 (d)	
              N/A

            
	 	 (e)	
                           
                11.05

            
	 	 (f)	
              N/A

            
	
               315

            	 (a)	
              7.01

            
	 	 (b)	
                  7.05;
                12.02

            
	 	 (c)	
              7.01

            
	 	 (d)	
              7.01

            
	 	 (e)	
              6.11

            
	
               316

            	 (a)
              (last sentence)	
              2.09

            
	 	 (a)(1)(A) 	
              6.05

            
	 	 (a)(1)(B)	
              6.04

            
	 	 (a)(2)	
              N/A

            
	 	 (b)	
              6.07

            
	
              317 

            	 (a)(1) 	
              6.08

            
	 	 (a)(2)	
              6.09

            
	 	 (b)	
              2.04

            
	
              318 

            	 (a)	
                           
                11.01

            

    

     

    N/A
      means
      Not Applicable

     

    Note:
      This Cross-Reference Table shall not, for any purpose, be deemed to be part
      of
      this Indenture.

     

    

    
      
        
           

        

        
        

      

      
        i

        
          

        

      

      
        
        

        
        

      

    

     

    INDENTURE
      dated as of September 14, 2006 among CCH II, LLC, a Delaware limited liability
      company (as further defined below, the “Company”),
      CCH
      II Capital Corp., a Delaware corporation (as further defined below,
“Capital
      Corp”
and
      together with the Company, the “Issuers”),
      Charter Communications Holdings, LLC, a Delaware limited liability company
      (the
“Parent
      Guarantor”)
      and
      The Bank of New York Trust Company, NA, as trustee (the “Trustee”).

     

    The
      Issuers, the Parent Guarantor and the Trustee agree as follows for the benefit
      of each other and for the equal and ratable benefit of the Holders of the
      Notes:

     

    ARTICLE
      I  

     

    DEFINITIONS
      AND INCORPORATION BY REFERENCE

     

    SECTION
      1.01.   Definitions.

     

    “Acquired
      Debt”
means,
      with respect to any specified Person:

     

    (1) Indebtedness
      of any other Person existing at the time such other Person is merged with or
      into or became a Subsidiary of such specified Person, whether or not such
      Indebtedness is incurred in connection with, or in contemplation of, such other
      Person merging with or into, or becoming a Subsidiary of, such specified Person;
      and

     

    (2) Indebtedness
      secured by a Lien encumbering any asset acquired by such specified
      Person.

     

    “Additional
      Notes”
means
      any 10.25% Senior Notes due 2013 issued under this Indenture in addition to
      the
      Initial Notes (other than any Notes issued in respect of Initial Notes pursuant
      to Section 2.06, 2.07, 2.10, 3.06, 3.09, 4.16 or 9.05).

     

    “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 purposes of this definition, “control,” as used with respect to any
      Person, shall mean the possession, directly or indirectly, of the power to
      direct or cause the direction of the management or policies of such Person,
      whether through the ownership of voting securities, by agreement or otherwise;
      provided
      that
      beneficial ownership of 10% or more of the Voting Stock of a Person shall be
      deemed to be control. For purposes of this definition, the terms “controlling,”
“controlled by,” and “under common control with” shall have correlative
      meanings.

     

    “Agent”
means
      any Registrar or Paying Agent.

     

    “Asset
      Acquisition”
means
      (a) an Investment by the Company or any of its Restricted Subsidiaries in
      any other Person pursuant to which such Person shall become a Restricted
      Subsidiary of the Company or any of its Restricted Subsidiaries or shall be
      merged with or into the Company or any of its Restricted Subsidiaries, or
      (b) the acquisition by the Company or any of its Restricted Subsidiaries of
      the assets of any Person which constitute all or substantially all 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      of
        the
        assets of such Person, any division or line of business of such Person or
        any
        other properties or assets of such Person other than in the ordinary course
        of
        business.

    

     

    “Asset
      Sale”
      means:

     

    (1) the
      sale,
      lease, conveyance or other disposition of any assets or rights by the Company
      or
      a Restricted Subsidiary, other than sales of inventory in the ordinary course
      of
      the Cable Related Business; provided
      that the
      sale, conveyance or other disposition of all or substantially all of the assets
      of the Company and its Subsidiaries, taken as a whole, shall be governed by
      Section 4.16 and/or Section 5.01 and not by the provisions of
      Section 4.11; and

     

    (2) the
      issuance of Equity Interests by any Restricted Subsidiary of the Company or
      the
      sale by the Company or any Restricted Subsidiary of the Company of Equity
      Interests of any Restricted Subsidiary of the Company.

     

    Notwithstanding
      the preceding, the following items shall not be deemed to be Asset
      Sales:

     

    (1) any
      single transaction or series of related transactions that: (a) involves
      assets having a fair market value of less than $100 million; or (b) results
      in net proceeds to the Company and its Restricted Subsidiaries of less than
      $100
      million;

     

    (2) a
      transfer of assets between or among the Company and/or its Restricted
      Subsidiaries;

     

    (3) an
      issuance of Equity Interests by a Restricted Subsidiary of the Company to the
      Company or to another Wholly Owned Restricted Subsidiary of the
      Company;

     

    (4) a
      Restricted Payment that is permitted by Section 4.07, a Restricted
      Investment that is permitted by Section 4.08 or a Permitted
      Investment;

     

    (5) the
      incurrence of Liens not prohibited by this Indenture and the disposition of
      assets related to such Liens by the secured party pursuant to a foreclosure;
      and

     

    (6) any
      disposition of cash or Cash Equivalents.

     

    “Attributable
      Debt”
in
      respect of a sale and leaseback transaction means, at the time of determination,
      the present value of the obligation of the lessee for net rental payments during
      the remaining term of the lease included in such sale and leaseback transaction,
      including any period for which such lease has been extended or may, at the
      option of the lessee, be extended. Such present value shall be calculated using
      a discount rate equal to the rate of interest implicit in such transaction,
      determined in accordance with GAAP.

     

    “Bankruptcy
      Law”
means
      Title 11, U.S. Code or any federal or state law of any jurisdiction relating
      to
      bankruptcy, insolvency, winding up, liquidation, reorganization or relief of
      debtors.

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Beneficial
      Owner”
has
      the
      meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the
      Exchange Act, except that in calculating the beneficial ownership of any
      particular “person” (as such term is used in Section 13(d)(3) of the
      Exchange Act) such “person” shall be deemed to have beneficial ownership of all
      securities that such “person” has the right to acquire, whether such right is
      currently exercisable or is exercisable only upon the occurrence of a subsequent
      condition.

     

    “Board
      of Directors”
means
      the board of directors or comparable governing body of CCI or, if so specified,
      the Company, in either case, as constituted as of the date of any determination
      required to be made, or action required to be taken, pursuant to this
      Indenture.

     

    “Business
      Day”
means
      any day other than a Legal Holiday.

     

    “Cable
      Related Business”
means
      the business of owning cable television systems and businesses ancillary,
      complementary or related thereto.

     

    “Capital
      Corp”
means
      CCH II Capital Corp., a Delaware corporation, and any successor Person
      thereto.

     

    “Capital
      Lease Obligation”
means,
      at the time any determination thereof is to be made, the amount of the liability
      in respect of a capital lease that would at that time be required to be
      capitalized on a balance sheet in accordance with GAAP.

     

    “Capital
      Stock”
      means:

     

    (1) in
      the
      case of a corporation, corporate stock;

     

    (2) in
      the
      case of an association or business entity, any and all shares, interests,
      participations, rights or other equivalents (however designated) of corporate
      stock;

     

    (3) in
      the
      case of a partnership or limited liability company, partnership or membership
      interests (whether general or limited); and

     

    (4) any
      other
      interest (other than any debt obligation) or participation that confers on
      a
      Person the right to receive a share of the profits and losses of, or
      distributions of assets of, the issuing Person.

     

    “Capital
      Stock Sale Proceeds”
means
      the aggregate net proceeds (including the fair market value of the non-cash
      proceeds, as determined by an independent appraisal firm) received by the
      Company from and after the Issue Date, in each case:

     

    (x) as
      a
      contribution to the common equity capital or from the issue or sale of Equity
      Interests (other than Disqualified Stock and other than issuances or sales
      to a
      Subsidiary of the Company) of the Company after the Issue Date, or

     

    (y) from
      the
      issue or sale of convertible or exchangeable Disqualified Stock or convertible
      or exchangeable debt securities of the Company that have been converted into
      

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    or
      exchanged for such Equity Interests (other than
      Equity Interests (or Disqualified Stock or debt securities) sold to a Subsidiary
      of the Company).

     

    “Cash
      Equivalents”
      means:

     

    (1) United
      States dollars;

     

    (2) securities
      issued or directly and fully guaranteed or insured by the United States
      government or any agency or instrumentality thereof (provided
      that the
      full faith and credit of the United States is pledged in support thereof) having
      maturities of not more than twelve months from the date of
      acquisition;

     

    (3) certificates
      of deposit and eurodollar time deposits with maturities of twelve months or
      less
      from the date of acquisition, bankers’ acceptances with maturities not exceeding
      six months and overnight bank deposits, in each case, with any domestic
      commercial bank having combined capital and surplus in excess of $500 million
      and a Thompson Bank Watch Rating at the time of acquisition of “B” or
      better;

     

    (4) repurchase
      obligations with a term of not more than seven days for underlying securities
      of
      the types described in clauses (2) and (3) above entered into with any
      financial institution meeting the qualifications specified in clause (3)
      above;

     

    (5) commercial
      paper having a rating at the time of acquisition of at least “P-1” from Moody’s
      or at least “A-1” from S&P and in each case maturing within twelve months
      after the date of acquisition;

     

    (6) corporate
      debt obligations maturing within twelve months after the date of acquisition
      thereof, rated at the time of acquisition at least “Aaa” or “P-1” by Moody’s or
“AAA” or “A-1” by S&P;

     

    (7) auction-rate
      Preferred Stocks of any corporation maturing not later than 45 days after the
      date of acquisition thereof, rated at the time of acquisition at least “Aaa” by
      Moody’s or “AAA” by S&P;

     

    (8) securities
      issued by any state, commonwealth or territory of the United States, or by
      any
      political subdivision or taxing authority thereof, maturing not later than
      six
      months after the date of acquisition thereof, rated at the time of acquisition
      at least “A” by Moody’s or S&P; and

     

    (9) money
      market or mutual funds at least 90% of the assets of which constitute Cash
      Equivalents of the kinds described in clauses (1) through (8) of this
      definition.

     

    “CCH
      I”
means
      CCH I, LLC, a Delaware limited liability company, and any successor Person
      thereto.

     

    “CCH I
      Indenture”
means,
      collectively (a) the indenture pursuant to which the CCH I Notes were
      issued and (b) any indentures, note purchase agreements or similar documents
      

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

      entered
        into by CCH I and/or CCH I Capital Corp. on or after the Issue Date
        for the purpose of incurring Indebtedness in exchange for, or the proceeds
        of
        which are used to refinance, any of the Indebtedness outstanding under the
        CCH I Indenture described in the foregoing clause (a), in each case,
        together with all instruments and other agreements entered into by CCH I or
        CCH I Capital Corp. in connection therewith, as the same may be refinanced,
        replaced, amended, supplemented or otherwise modified from time to
        time.

    

     

    “CCH I
      Notes”
means
      the 11.00% Senior Secured Notes due 2015 issued by CCH I and CCH I
      Capital Corp.

     

    “CCHC”
means
      CCHC, LLC, a Delaware limited liability company, and any successor Person
      thereto.

     

    “CCI”
means
      Charter Communications, Inc., a Delaware corporation, and any successor Person
      thereto.

     

    “CCI
      Indentures”
means,
      collectively, the indentures entered into by CCI with respect to its 5.875%
      Convertible Senior Notes due 2009, and any indentures, note purchase agreements
      or similar documents entered into by CCI for the purpose of incurring
      Indebtedness in exchange for, or the proceeds of which are used to refinance,
      any of the Indebtedness described above, in each case, together with all
      instruments and other agreements entered into by CCI in connection therewith,
      as
      any of the foregoing may be refinanced, replaced, amended, supplemented or
      otherwise modified from time to time.

     

    “CCO”
means
      Charter Communications Operating, LLC, a Delaware limited liability company,
      and
      any successor Person thereto.

     

    “CCO
      Holdings”
means
      CCO Holdings, LLC, a Delaware limited liability company, and any successor
      Person thereto.

     

    “Change
      of Control”
means
      the occurrence of any of the following:

     

    (1) the
      sale,
      transfer, conveyance or other disposition (other than by way of merger or
      consolidation), in one or a series of related transactions, of all or
      substantially all of the assets of the Company and its Subsidiaries, taken
      as a
      whole, or of a Parent and its Subsidiaries, taken as a whole, to any “person”
(as such term is used in Section 13(d)(3) of the Exchange Act) other than
Paul
      G.
      Allen and the Related Parties;

     

    (2) the
      adoption of a plan relating to the liquidation or dissolution of the Company
      or
      a Parent (except the liquidation of any Parent into any other
      Parent);

     

    (3) the
      consummation of any transaction, including any merger or consolidation, the
      result of which is that any “person” (as defined above) other than Paul G. Allen
      and Related Parties becomes the Beneficial Owner, directly or indirectly, of
      more than 35% of the Voting Stock of the Company or a Parent, measured by voting
      power rather than the number of shares, unless Paul G. Allen or a Related Party
      Beneficially Owns, directly or indirectly, a greater percentage of Voting Stock
      of the 

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

      Company
        or such Parent, as the case may be, measured by voting power rather than
        the
        number of shares, than such person;

       

          (4) after
        the
        Issue Date, the first day on which a majority of the members of the Board
        of
        Directors of CCI are not Continuing Directors;

       

      (5) the
        Company or a Parent consolidates with, or merges with or into, any Person,
        or
        any Person consolidates with, or merges with or into, the Company or a Parent,
        in any such event pursuant to a transaction in which any of the outstanding
        Voting Stock of the Company or such Parent is converted into or exchanged
        for
        cash, securities or other property, other than any such transaction where
        the
        Voting Stock of the Company or such Parent outstanding immediately prior
        to such
        transaction is converted into or exchanged for Voting Stock (other than
        Disqualified Stock) of the surviving or transferee Person constituting a
        majority of the outstanding shares of such Voting Stock of such
        surviving or transferee Person immediately after giving effect to such issuance;
        or

    

     

    (6) (i) Charter
      Communications Holding Company, LLC shall cease to own beneficially, directly
      or
      indirectly, 100% of the Capital Stock of Charter Holdings or (ii) Charter
      Holdings shall cease to own beneficially, directly or indirectly, 100% of the
      Capital Stock of the Company.

     

    “Charter
      Holdings”
means
      Charter Communications Holdings, LLC, a Delaware limited liability company,
      and
      any successor Person thereto.

     

    “Charter
      Holdings Indentures”
means,
      collectively (a) the indentures entered into by Charter Holdings and
      Charter Communications Holdings Capital Corporation in connection with the
      issuance of the 8.250% Senior Notes Due 2007 dated March 1999, 8.625% Senior
      Notes Due 2009 dated March 1999, 9.920% Senior Discount Notes Due 2011 dated
      March 1999, 10.00% Senior Notes Due 2009 dated January 2000, 10.250% Senior
      Notes Due 2010 dated January 2000, 11.750% Senior Discount Notes Due 2010 dated
      January 2000, 10.75% Senior Notes Due 2009 dated January 2001, 11.125% Senior
      Notes Due 2011 dated January 2001, 13.50% Senior Discount Notes Due 2011 dated
      January 2001, 9.625% Senior Notes Due 2009 dated May 2001, 10.00% Senior Notes
      Due 2011 dated May 2001, 11.750% Senior Discount Notes Due 2011 dated May 2001,
      9.625% Senior Notes Due 2009 dated January 2002, 10.00% Senior Notes Due 2011
      dated January 2002, and 12.125% Senior Discount Notes Due 2012 dated January
      2002, and (b) any indentures, note purchase agreements or similar documents
      entered into by Charter Holdings and/or Charter Communications Holdings Capital
      Corporation on or after the Issue Date for the purpose of incurring Indebtedness
      in exchange for, or proceeds of which are used to refinance, any of the
      Indebtedness described in the foregoing clause (a), in each case, together
      with all instruments and other agreements entered into by Charter Holdings
      or
      Charter Communications Holdings Capital Corporation in connection therewith,
      as
      the same may be refinanced, replaced, amended, supplemented or otherwise
      modified from time to time.

     

    “Charter
      Refinancing Indebtedness”
means
      any Indebtedness of a Charter Refinancing Subsidiary issued in exchange for,
      or
      the net proceeds of which are used within 90 days after the date of issuance
      thereof to extend, repay, refinance, renew, replace, defease, purchase, acquire
      or refund (including successive extensions, refinancings, renewals,
      replacements, defeasances, 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

       

      purchases,
        acquisitions or refunds), (i) Indebtedness initially incurred under any one
        or
        more of the CCI Indentures, the Charter Holdings Indentures, the CIH Indenture,
        the CCH I Indenture, the Existing CCH II Indenture or this Indenture or (ii)
        any
        other Indebtedness of the Company or any Restricted Subsidiary of the Company
        up
        to an aggregate principal amount of $1.5 billion pursuant to this clause
        (ii);
provided
        that:

    

     

    (1) the
      principal amount (or accreted value, if applicable) of such Charter Refinancing
      Indebtedness does not exceed the principal amount (or accreted value, if
      applicable) of, plus accrued interest and premium, if any, on the Indebtedness
      so extended, refinanced, renewed, replaced, defeased, purchased, acquired or
      refunded (plus the amount of reasonable fees, commissions and expenses incurred
      in connection therewith); and

     

    (2) such
      Charter Refinancing Indebtedness has a final maturity date later than the final
      maturity date of, and has a Weighted Average Life to Maturity equal to or
      greater than the Weighted Average Life to Maturity of, the Indebtedness being
      extended, refinanced, renewed, replaced, defeased, purchased, acquired or
      refunded.

     

    “Charter
      Refinancing Subsidiary”
means
      any direct or indirect, wholly owned Subsidiary (and any related corporate
      co-obligor if such Subsidiary is a limited liability company or other
      association not taxed as a corporation) of CCI or Charter Communications Holding
      Company, LLC, which is or becomes a Parent.

     

    “CIH”
means
      CCH I Holdings, LLC, a Delaware limited liability company, and any successor
      Person thereto.

     

    “CIH
      Indenture”
means,
      collectively (a) the indenture pursuant to which the CIH Notes were issued
      and (b) any indentures, note purchase agreements or similar documents
      entered into by CIH and/or CCH I Holdings Capital Corp. on or after the Issue
      Date for the purpose of incurring Indebtedness in exchange for, or the proceeds
      of which are used to refinance, any of the Indebtedness outstanding under the
      CIH Indenture described in the foregoing clause (a), in each case, together
      with all instruments and other agreements entered into by CIH or CCH I Holdings
      Capital Corp. in connection therewith, as the same may be refinanced, replaced,
      amended, supplemented or otherwise modified from time to time.

     

    “CIH
      Notes”
means
      each of the following series of notes issued by CIH and CCH I Holdings Capital
      Corp.: The 11.125% Senior Accreting Notes Due 2014, the 9.920% Senior Accreting
      Notes Due 2014, the 10.00% Senior Accreting Notes Due 2014, the 11.75% Senior
      Accreting Notes Due 2014, the 13.50% Senior Accreting Notes Due 2014, and the
      12.125% Senior Accreting Notes Due 2015.

     

    “Clearstream”
means
      Clearstream Banking, société anonyme (formerly Cedelbank).

     

    “Company”
means
      CCH II, LLC, a Delaware limited liability company, and any successor Person
      thereto.

     

    “Consolidated
      EBITDA”
means
      with respect to any Person, for any period, the consolidated net income (or
      net
      loss) of such Person and its Restricted Subsidiaries for such 

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    period
      calculated in accordance with GAAP plus, to
      the extent such amount was deducted in calculating such net income:

     

    (1) Consolidated
      Interest Expense;

     

    (2) income
      taxes;

     

    (3) depreciation
      expense;

     

    (4) amortization
      expense;

     

    (5) all
      other
      non-cash items, extraordinary items and nonrecurring and unusual items
      (including any restructuring charges and charges related to litigation
      settlements or judgments) and the cumulative effects of changes in accounting
      principles reducing such net income, less all non-cash items, extraordinary
      items, nonrecurring and unusual items and cumulative effects of changes in
      accounting principles increasing such net income;

     

    (6) amounts
      actually paid during such period pursuant to a deferred compensation plan;
      and

     

    (7) for
      purposes of Section 4.10 only, Management Fees;

     

    all
      as
      determined on a consolidated basis for such Person and its Restricted
      Subsidiaries in conformity with GAAP, provided
      that
      Consolidated EBITDA shall not include:

     

    (x) the
      net
      income (or net loss) of any Person that is not a Restricted Subsidiary
      (“Other
      Person”),
      except (i) with respect to net income, to the extent of the amount of
      dividends or other distributions actually paid to such Person or any of its
      Restricted Subsidiaries by such Other Person during such period; and
      (ii) with respect to net losses, to the extent of the amount of investments
      made by such Person or any Restricted Subsidiary of such Person in such Other
      Person during such period;

     

    (y) solely
      for the purposes of calculating the amount of Restricted Payments that may
      be
      made pursuant to Section 4.07(c)(3) (and in such case, except to the extent
      includable pursuant to clause (x) above), the net income (or net loss) of
      any Other Person accrued prior to the date it becomes a Restricted Subsidiary
      or
      is merged into or consolidated with such Person or any Restricted Subsidiaries
      or all or substantially all of the property and assets of such Other Person
      are
      acquired by such Person or any of its Restricted Subsidiaries; and

     

    (z) the
      net
      income of any Restricted Subsidiary of the Company to the extent that the
      declaration or payment of dividends or similar distributions by such Restricted
      Subsidiary of such net income is not at the time of determination of such
      Consolidated EBITDA permitted by the operation of the terms of such Restricted
      Subsidiary’s charter or any agreement, instrument, judgment, decree, order,
      statute, rule or governmental regulation applicable to such Restricted
      Subsidiary (other than any agreement or instrument evidencing Indebtedness
      or
      Preferred Stock (i) outstanding on the Issue Date, 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

      or
        (ii) incurred or issued thereafter in compliance with Section 4.10,
provided
        that
(a) the terms of any such agreement or instrument (other than
        Existing Indebtedness and any modifications, increases or refinancings that
        are
        not materially more restrictive taken as a whole) restricting the declaration
        and payment of dividends or similar distributions apply only in the event
        of a
        default with respect to a financial covenant or a covenant relating to payment,
        beyond any applicable period of grace, contained in such agreement or
        instrument; (b) such terms are determined by such Person to be customary in
        comparable financings; and (c) such restrictions are determined by the
        Company not to materially affect the Issuers’ ability to make principal or
        interest payments on the Notes when due).

    

     

    “Consolidated
      Indebtedness”
means,
      with respect to any Person as of any date of determination, the sum, without
      duplication, of:

     

    (1) the
      total
      amount of outstanding Indebtedness of such Person and its Restricted
      Subsidiaries, plus

     

    (2) the
      total
      amount of Indebtedness of any other Person that has been Guaranteed by the
      referent Person or one or more of its Restricted Subsidiaries, plus

     

    (3) the
      aggregate liquidation value of all Disqualified Stock of such Person and all
      Preferred Stock of Restricted Subsidiaries of such Person, in each case,
      determined on a consolidated basis in accordance with GAAP.

     

    “Consolidated
      Interest Expense”
means,
      with respect to any Person for any period, without duplication, the sum
      of:

     

    (1) the
      consolidated interest expense of such Person and its Restricted Subsidiaries
      for
      such period, whether paid or accrued (including amortization or original issue
      discount, non-cash interest payments, the interest component of any deferred
      payment obligations, the interest component of all payments associated with
      Capital Lease Obligations, commissions, discounts and other fees and charges
      incurred in respect of letter of credit or bankers’ acceptance financings, and
      net payments (if any) pursuant to Hedging Obligations); and

     

    (2) the
      consolidated interest expense of such Person and its Restricted Subsidiaries
      that was capitalized during such period; and

     

    (3) any
      interest expense on Indebtedness of another Person that is guaranteed by such
      Person or one of its Restricted Subsidiaries or secured by a Lien on assets
      of
      such Person or one of its Restricted Subsidiaries (whether or not such Guarantee
      or Lien is called upon);

     

    in
      each
      case, on a consolidated basis and in accordance with GAAP, excluding, however,
      any amount of such interest of any Restricted Subsidiary of the referent Person
      if the net income of such Restricted Subsidiary is excluded in the calculation
      of Consolidated EBITDA pursuant to clause (z) of the definition thereof
      (but only in the same proportion as the net income of such Restricted Subsidiary
      is excluded from the calculation of Consolidated EBITDA pursuant to
      clause (z) of the definition thereof).

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    “Continuing
      Directors”
means,
      as of any date of determination, any member of the Board of Directors of CCI
      who:

     

    (1) was
      a
      member of the Board of Directors of CCI on the Issue Date; or

     

    (2) was
      nominated for election or elected to the Board of Directors of CCI with the
      approval of a majority of the Continuing Directors who were members of such
      Board of Directors of CCI at the time of such nomination or election or whose
      election or appointment was previously so approved.

     

    “Corporate
      Trust Office of the Trustee”
shall
      be at the address of the Trustee specified in Section 12.02 or such other
      address as to which the Trustee may give notice to the Issuers.

     

    “Credit
      Facilities”
means,
      with respect to the Company and/or its Restricted Subsidiaries, one or more
      debt
      facilities or commercial paper facilities, in each case with banks or other
      lenders (other than a Parent of the Issuers) providing for revolving credit
      loans, term loans, receivables financing (including through the sale of
      receivables to such lenders or to special purpose entities formed to borrow
      from
      such lenders against such receivables) or letters of credit, in each case,
      as
      amended, restated, modified, renewed, refunded, replaced or refinanced in whole
      or in part from time to time.

     

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

     

    “Definitive
      Note”
means
      a
      certificated Note registered in the name of the Holder thereof and issued in
      accordance with Section 2.06, substantially in the form of Exhibit
      A
      hereto,
      except that such Note shall not bear the Global Note Legend and shall not have
      the “Schedule
      of Exchanges of Interests in the Global Note”
      attached thereto.

     

    “Depositary”
means,
      with respect to the Global Notes, the Person specified in Section 2.03 as
      the Depositary with respect to the Notes, and any and all successors thereto
      appointed as depositary hereunder and having become such pursuant to the
      applicable provision of this Indenture.

     

    “Disposition”
means,
      with respect to any Person, any merger, consolidation or other business
      combination involving such Person (whether or not such Person is the surviving
      Person) or the sale, assignment, transfer, lease or conveyance, or other
      disposition of all or substantially all of such Person’s assets or Capital
      Stock.

     

    “Disqualified
      Stock”
means
      any Capital Stock that, by its terms (or by the terms of any security into
      which
      it is convertible, or for which it is exchangeable, in each case at the option
      of the holder thereof), or upon the happening of any event, matures or is
      mandatorily redeemable, pursuant to a sinking fund obligation or otherwise,
      or
      redeemable at the option of the holder thereof, in whole or in part, on or
      prior
      to the date that is 91 days after the date on which the Notes mature.
      Notwithstanding the preceding sentence, any Capital Stock that would constitute
      Disqualified Stock solely because the holders thereof have the right to require
      the Company to repurchase such Capital Stock upon the occurrence of a change
      of
      control or an asset sale shall not constitute Disqualified Stock if the terms
      of
      such Capital Stock provide that the Company 

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

       

      may
        not
        repurchase or redeem any such Capital Stock pursuant to such provisions unless
        such repurchase or redemption complies with
        Section 4.07.

    

     

    “Equity
      Interests”
means
      Capital Stock and all warrants, options or other rights to acquire Capital
      Stock
      (but excluding any debt security that is convertible into, or exchangeable
      for,
      Capital Stock).

     

    “Equity
      Offering”
means
      any private or underwritten public offering of Qualified Capital Stock of the
      Company or a Parent of which the gross proceeds to the Company or received
      by
      the Company as a capital contribution from such Parent (directly or indirectly),
      as the case may be, are at least $25 million.

     

    “Euroclear”
means
      Morgan Guaranty Trust Company of New York, Brussels office, as operator of
      the
      Euroclear system.

     

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

     

    “Exchange
      Notes”
means
      the Issuers’ 10.25% Senior Notes due 2013, containing terms substantially
      identical to the Initial Notes or any Initial Additional Notes (except that
      (i) such Exchange Notes shall not contain terms with respect to transfer
      restrictions and shall be registered under the Securities Act and
      (ii) certain provisions relating to an increase in the stated rate of
      interest thereon shall be eliminated), that are issued and exchanged for
      (a) the Initial Notes, as provided for in the Registration Rights Agreement
      relating to such Initial Notes and this Indenture or (b) such Initial
      Additional Notes, as may be provided in any Registration Rights Agreement
      relating to such Initial Additional Notes and this Indenture (including any
      amendment or supplement thereto).

     

    “Exchange
      Offers”
      means:

     

    (1) the
      acquisition by CCHC and/or the Company of Indebtedness outstanding under the
      CCI
      Indentures, in exchange for the Issuers’ 10.25% Senior Notes due 2010, Class A
      common stock of CCI and cash, pursuant to the Prospectus dated August 11,
      2006 and related documents, as such documents may be supplemented, modified
      or
      extended from time to time; and

     

    (2) the
      acquisition by CCH I and/or the Company of Indebtedness outstanding under
      the Charter Holdings Indentures, in exchange for CCH I Notes and
      CCH II Notes, pursuant to the Offering Memorandum dated August 11,
      2006 and related documents, as such documents may be supplemented, modified
      or
      extended from time to time; and

     

    (3) the
      distribution, loan or investment of (a) Indebtedness accepted in the exchanges
      contemplated by clauses (1) and (2) of this definition and (b) amounts
      sufficient to satisfy the expenses incurred by any Parent in connection
      therewith (including any required payment of accrued interest thereon), in
      each
      case, directly or indirectly to or in any Parent;

     

    provided,
      that
      any such Indebtedness referred to in clause (1) or (2) of this definition either
      shall be held by a Parent of Charter Holdings or shall be cancelled as part
      of
      the Exchange Offers.

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    “Existing
      CCH II Indenture”
      means,
      collectively (a) the indenture pursuant to which the Issuers’ 10.25% Senior
      Notes due 2010 were issued and (b) any indentures, note purchase agreements
      or
      similar documents entered into by the Issuers on or after the Issue Date for
      the
      purpose of incurring Indebtedness in exchange for, or the proceeds of which
      are
      used to refinance, any of the Indebtedness outstanding under the Existing
      CCH II Indenture described in the foregoing clause (a), in each case,
      together with all instruments and other agreements entered into by the Issuers
      in connection therewith, as the same may be refinanced, replaced, amended,
      supplemented or otherwise modified from time to time.

     

    “Existing
      Indebtedness”
means
      Indebtedness of the Company and its Restricted Subsidiaries in existence on
      the
      Issue Date, until such amounts are repaid.

     

    “Existing
      Notes Issue Date”
means
      September 23, 2003.

     

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

     

    “Global
      Note Legend”
means
      the legend set forth in Section 2.06(f)(ii), which is required to be placed
      on all Global Notes issued under this Indenture.

     

    “Global
      Notes”
means,
      individually and collectively, each of the Restricted Global Notes and the
      Unrestricted Global Notes.

     

    “Government
      Securities”
means
      direct obligations of, or obligations guaranteed by, the United States of
      America, and the payment for which the United States pledges its full faith
      and
      credit.

     

    “Guarantee”
or
      “guarantee”
means
      a
      guarantee other than by endorsement of negotiable instruments for collection
      in
      the ordinary course of business, direct or indirect, in any manner including
      by
      way of a pledge of assets or through letters of credit or reimbursement
      agreements in respect thereof, of all or any part of any Indebtedness, measured
      as the lesser of the aggregate outstanding amount of the Indebtedness so
      guaranteed and the face amount of the guarantee.

     

    “Hedging
      Obligations”
means,
      with respect to any Person, the obligations of such Person under:

     

    (1) interest
      rate swap agreements, interest rate cap agreements and interest rate collar
      agreements;

     

    (2) interest
      rate option agreements, foreign currency exchange agreements, foreign currency
      swap agreements; and

     

    (3) other
      agreements or arrangements designed to protect such Person against fluctuations
      in interest and currency exchange rates.

     

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    “Holder”
means
      a
      holder of the Notes.

     

    “Indebtedness”
means,
      with respect to any specified Person, any indebtedness of such Person, whether
      or not contingent:

     

    (1) in
      respect of borrowed money;

     

    (2) evidenced
      by bonds, notes, debentures or similar instruments or letters of credit (or
      reimbursement agreements in respect thereof);

     

    (3) in
      respect of banker’s acceptances;

     

    (4) representing
      Capital Lease Obligations;

     

    (5) in
      respect of the balance deferred and unpaid of the purchase price of any
      property, except any such balance that constitutes an accrued expense or trade
      payable; or 

     

    (6) representing
      the notional amount of any Hedging Obligations,

     

    if
      and to
      the extent any of the preceding items (other than letters of credit and Hedging
      Obligations) would appear as a liability upon a balance sheet of the specified
      Person prepared in accordance with GAAP. In addition, the term “Indebtedness”
      includes all Indebtedness of others secured by a Lien on any asset of the
      specified Person (whether or not such Indebtedness is assumed by the specified
      Person) and, to the extent not otherwise included, the guarantee by such Person
      of any indebtedness of any other Person.

     

    The
      amount of any Indebtedness outstanding as of any date shall be:

     

    (1) the
      accreted value thereof, in the case of any Indebtedness issued with original
      issue discount; and

     

    (2) the
      principal amount thereof, together with any interest thereon that is more than
      30 days past due, in the case of any other Indebtedness.

     

    “Indenture”
means
      this Indenture, as amended or supplemented from time to time.

     

    “Initial
      Additional Notes”
means
      Additional Notes issued in an offering not registered under the Securities
      Act.

     

    “Initial
      Notes”
means
      the Issuers’ 10.25% Senior Notes due 2013, issued on the Issue Date (and any
      Notes issued in respect thereof pursuant to Section 2.06, 2.07, 2.10, 3.06,
      3.09, 4.16 or 9.05).

     

    “Investment
      Grade Rating”
means
      a
      rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or
      the equivalent) by S&P.

     

    “Investments”
means,
      with respect to any Person, all investments by such Person in other Persons,
      including Affiliates, in the forms of direct or indirect loans (including
      guarantees of Indebtedness or other obligations), advances or capital
      contributions (excluding commission, 

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    travel
      and similar advances to officers and employees
      made in the ordinary course of business) and purchases or other acquisitions
      for
      consideration of Indebtedness, Equity Interests or other securities, together
      with all items that are or would be classified as investments on a balance
      sheet
      prepared in accordance with GAAP.

     

    “Issue
      Date”
means
      September 14, 2006.

     

    “Issuers”
has
      the
      meaning assigned to it in the preamble to this Indenture.

     

    “Legal
      Holiday”
means
      a
      Saturday, a Sunday or a day on which banking institutions in The City of New
      York or at a place of payment are authorized by law, regulation or executive
      order to remain closed. If a payment date is a Legal Holiday at a place of
      payment, payment may be made at that place on the next succeeding day that
      is
      not a Legal Holiday, and no interest shall accrue on such payment for the
      intervening period.

     

    “Leverage
      Ratio”
means,
      as to the Company, as of any date, the ratio of:

     

    (1) the
      Consolidated Indebtedness of the Company on such date to

     

    (2) the
      aggregate amount of Consolidated EBITDA for the Company for the most recently
      ended fiscal quarter for which internal financial statements are available
      (the
“Reference
      Period”),
      multiplied by four.

     

    In
      addition to the foregoing, for purposes of this definition, “Consolidated
      EBITDA”
shall
      be calculated on a pro forma basis after giving effect to

     

    (1) the
      issuance of the Notes;

     

    (2) the
      incurrence of the Indebtedness or the issuance of the Disqualified Stock by
      the
      Company or a Restricted Subsidiary or Preferred Stock of a Restricted Subsidiary
      (and the application of the proceeds therefrom) giving rise to the need to
      make
      such calculation and any incurrence or issuance (and the application of the
      proceeds therefrom) or repayment of other Indebtedness, Disqualified Stock
      or
      Preferred Stock of a Restricted Subsidiary, other than the incurrence or
      repayment of Indebtedness for ordinary working capital purposes, at any time
      subsequent to the beginning of the Reference Period and on or prior to the
      date
      of determination, as if such incurrence (and the application of the proceeds
      thereof), or the repayment, as the case may be, occurred on the first day of
      the
      Reference Period; and

     

    (3) any
      Dispositions or Asset Acquisitions (including any Asset Acquisition giving
      rise
      to the need to make such calculation as a result of such Person or one of its
      Restricted Subsidiaries (including any person that becomes a Restricted
      Subsidiary as a result of such Asset Acquisition) incurring, assuming or
      otherwise becoming liable for or issuing Indebtedness, Disqualified Stock or
      Preferred Stock) made on or subsequent to the first day of the Reference Period
      and on or prior to the date of determination, as if such Disposition or Asset
      Acquisition (including the incurrence, assumption or liability for any such
      Indebtedness, Disqualified Stock or Preferred Stock and also including any
      Consolidated EBITDA associated with such Asset Acquisition, including any cost
      

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    savings
      adjustments in compliance with Regulation S-X
      promulgated by the SEC) had occurred on the first day of the Reference
      Period.

     

    “Lien”
means,
      with respect to any asset, any mortgage, lien, pledge, charge, security interest
      or encumbrance of any kind in respect of such asset, whether or not filed,
      recorded or otherwise perfected under applicable law, including any conditional
      sale or other title retention agreement, any lease in the nature thereof, any
      option or other agreement to sell or give a security interest in and any filing
      of or agreement to give any financing statement under the Uniform Commercial
      Code (or equivalent statutes) of any jurisdiction.

     

    “Management
      Fees”
means
      the fees (including expense reimbursements) payable to any Parent pursuant
      to
      the management and mutual services agreements between any Parent of the Company
      and CCO or between any Parent of the Company and other Restricted Subsidiaries
      of the Company or pursuant to the limited liability company agreements of
      certain Restricted Subsidiaries as such management, mutual services or limited
      liability company agreements exist on the Issue Date (or, if later, on the
      date
      any new Restricted Subsidiary is acquired or created), including any amendment
      or replacement thereof, provided,
      that
      any such new agreements or amendments or replacements of existing agreements,
      taken as a whole, are not more disadvantageous to the holders of the Notes
      in
      any material respect than such agreements existing on the Issue Date and
further provided,
      that
      such new, amended or replacement management agreements do not provide for
      percentage fees, taken together with fees under existing agreements, any higher
      than 3.5% of CCI’s consolidated total revenues for the applicable payment
      period.

     

    “Moody’s”
means
      Moody’s Investors Service, Inc. or any successor to the rating agency business
      thereof.

     

    “Net
      Proceeds”
means
      the aggregate cash proceeds received by the Company or any of its Restricted
      Subsidiaries in respect of any Asset Sale (including any cash received upon
      the
      sale or other disposition of any non-cash consideration received in any Asset
      Sale), net of the direct costs relating to such Asset Sale, including legal,
      accounting and investment banking fees, and sales commissions, and any
      relocation expenses incurred as a result thereof or taxes paid or payable as
      a
      result thereof (including amounts distributable in respect of owners’, partners’
or members’ tax liabilities resulting from such sale), in each case after taking
      into account any available tax credits or deductions and any tax sharing
      arrangements and amounts required to be applied to the repayment of
      Indebtedness.

     

    “Non-Recourse
      Debt”
means
      Indebtedness:

     

    (1) as
      to
      which neither the Company nor any of its Restricted Subsidiaries
      (a) provides credit support of any kind (including any undertaking,
      agreement or instrument that would constitute Indebtedness); (b) is
      directly or indirectly liable as a guarantor or otherwise; or
      (c) constitutes the lender;

     

    (2) no
      default with respect to which (including any rights that the holders thereof
      may
      have to take enforcement action against an Unrestricted Subsidiary) would permit
      upon notice, lapse of time or both any holder of any other Indebtedness (other
      than 

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    the
      Notes) of the Company or any of its Restricted
      Subsidiaries to declare a default on such other Indebtedness or cause the
      payment thereof to be accelerated or payable prior to its stated maturity;
      and

     

    (3) as
      to
      which the lenders have been notified in writing that they will not have any
      recourse to the Capital Stock or assets of the Company or any of its Restricted
      Subsidiaries.

     

    “Non-U.S.
      Person”
means
      a
      Person who is not a U.S. Person.

     

    “Note”
or
      “Notes”
means
      the Initial Notes, any Additional Notes and the Exchange Notes.

     

    “Note
      Custodian”
means
      the Trustee when serving as custodian for the Depositary with respect to the
      Global Notes, or any successor entity thereto.

     

    “Note
      Guarantee”
means
      the unconditional Guarantee by the Parent Guarantor of the Issuers’ payment
      Obligations under the Notes pursuant to Article X and the provisions of the
      Notes.

     

    “Obligations”
means
      any principal, interest, penalties, fees, indemnifications, reimbursements,
      damages, Guarantees and other liabilities payable under the documentation
      governing any Indebtedness, in each case, whether now or hereafter existing,
      renewed or restructured, whether or not from time to time decreased or
      extinguished and later increased, created or incurred, whether or not arising
      on
      or after the commencement of a case under Title 11, U.S. Code or any
      similar federal or state law for the relief of debtors (including post- petition
      interest) and whether or not allowed or allowable as a claim in any such
      case.

     

    “Officer”
means,
      with respect to any Person, the Chairman of the Board, the Chief Executive
      Officer, the President, the Chief Operating Officer, the Chief Financial
      Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary
      or any Vice-President of such Person.

     

    “Officers’
      Certificate”
means
      a
      certificate signed on behalf of the Company or Capital Corp, as the case may
      be,
      by two Officers of the Company or Capital Corp, as the case may be, one of
      whom
      must be the principal executive officer, the chief financial officer or the
      treasurer of the Company or Capital Corp, as the case may be, that meets the
      requirements of Section 11.05.

     

    “Opinion
      of Counsel”
means
      an opinion from legal counsel that meets the requirements of Section 11.05.
      The counsel may be an employee of or counsel to the Company or any Subsidiary
      of
      the Company.

     

    “Other
      Global Note”
means
      a
      global note substantially in the form of Exhibit
      A
      hereto
      bearing the Global Note Legend and the Private Placement Legend and deposited
      with or on behalf of, and registered in the name of, the Depositary or its
      nominee that will be issued (or the principal amount of which will be increased)
      in connection with a transfer pursuant to Section 2.16(d).

     

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    “Parent”
means
      CCH I, CIH, Charter Holdings, CCHC, Charter Communications Holding Company,
      LLC, CCI and/or any direct or indirect Subsidiary of the foregoing 100% of
      the
      Capital Stock of which is owned directly or indirectly by one or more of the
      foregoing Persons, as applicable, and that directly or indirectly beneficially
      owns 100% of the Capital Stock of the Company, and any successor Person to
      any
      of the foregoing.

     

    “Parent
      Guarantor”
means
      Charter Holdings.

     

    “Participant”
means,
      with respect to the Depositary, Euroclear or Clearstream, a Person who has
      an
      account with the Depositary, Euroclear or Clearstream, respectively (and, with
      respect to DTC, shall include Euroclear and Clearstream).

     

    “Permanent
      Regulation S Global Note”
means
      a
      Regulation S Global Note that does not bear the Temporary Regulation S
      Legend.

     

    “Permitted
      Investments”
      means:

     

    (1) any
      Investment by the Company in a Restricted Subsidiary thereof, or any Investment
      by a Restricted Subsidiary of the Company in the Company or in another
      Restricted Subsidiary of the Company;

     

    (2) any
      Investment in Cash Equivalents;

     

    (3) any
      Investment by the Company or any of its Restricted Subsidiaries in a Person,
      if
      as a result of such Investment:

     

    (a) such
      Person becomes a Restricted Subsidiary of the Company; or

     

    (b) such
      Person is merged, consolidated or amalgamated with or into, or transfers or
      conveys substantially all of its assets to, or is liquidated into, the Company
      or a Restricted Subsidiary of the Company;

     

    (4) any
      Investment made as a result of the receipt of non-cash consideration from an
      Asset Sale that was made pursuant to and in compliance with
      Section 4.11;

     

    (5) any
      Investment made out of the net cash proceeds of the issue and sale (other than
      to a Subsidiary of the Company) of Equity Interests (other than Disqualified
      Stock) of the Company or cash contributions to the common equity of the Company,
      in each case after the Issue Date, to the extent that such net cash proceeds
      have not been applied to make a Restricted Payment or to effect other
      transactions pursuant to Section 4.07 hereof (with the amount of usage of
      the basket in this clause (5) being determined net of the aggregate amount
      of principal, interest, dividends, distributions, repayments, proceeds or other
      value otherwise returned or recovered in respect of any such Investment, but
      not
      to exceed the initial amount of such Investment);

     

    (6) other
      Investments in any Person (other than any Parent) having an aggregate fair
      market value, when taken together with all other Investments in any Person
      made
      by the Company and its Restricted Subsidiaries (without duplication) pursuant
      to

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

       

      this
        clause (6) from and after the Issue Date, not to exceed $750 million
        (initially measured on the date each such Investment was made and without
        giving
        effect to subsequent changes in value, but reducing the amount outstanding
        by
        the aggregate amount of principal, interest, dividends , distributions,
        repayments, proceeds or other value otherwise returned or recovered in respect
        of any such Investment, but not to exceed the initial amount of such Investment)
        at any one time outstanding;

    

     

    (7) Investments
      in customers and suppliers in the ordinary course of business which either
      (A) generate accounts receivable or (B) are accepted in settlement of
      bona fide disputes;

     

    (8) Investments
      consisting of payments by the Company or any of its subsidiaries of amounts
      that
      are neither dividends nor distributions but are payments of the kind described
      in Section 4.07(4) to the extent such payments constitute
      Investments;

     

    (9) regardless
      of whether a Default then exists, Investments in any Unrestricted Subsidiary
      made by the Company and/or any of its Restricted Subsidiaries with the proceeds
      of distributions from any Unrestricted Subsidiary; and

     

    (10) Investments
      that are part of the Exchange Offers.

     

    “Permitted
      Liens”
      means:

     

    (1) Liens
      on
      the assets of the Company and its Restricted Subsidiaries securing Indebtedness
      and other Obligations under any Credit Facilities;

     

    (2) Liens
      on
      property of a Person existing at the time such Person is merged with or into
      or
      consolidated with the Company; provided
      that
      such Liens were in existence prior to the contemplation of such merger or
      consolidation and do not extend to any assets other than those of the Person
      merged into or consolidated with the Company and related assets, such as the
      proceeds thereof;

     

    (3) Liens
      on
      property existing at the time of acquisition thereof by the Company;
provided
      that
      such Liens were in existence prior to the contemplation of such
      acquisition;

     

    (4) Liens
      to
      secure the performance of statutory obligations, surety or appeal bonds,
      performance bonds or other obligations of a like nature incurred in the ordinary
      course of business;

     

    (5) purchase
      money mortgages or other purchase money Liens (including any Capital Lease
      Obligations) incurred by the Company upon any fixed or capital assets acquired
      after the Issue Date or purchase money mortgages (including Capital Lease
      Obligations) on any such assets, whether or not assumed, existing at the time
      of
      acquisition of such assets, whether or not assumed, so long as

     

    (i) such
      mortgage or Lien does not extend to or cover any of the assets of the Company,
      except the asset so developed, constructed, or acquired, and 

     

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

       

       

      directly
        related assets such as enhancements and modifications thereto, substitutions,
        replacements, proceeds (including insurance proceeds), products, rents and
        profits thereof, and

    

     

    (ii) such
      mortgage or Lien secures the obligation to pay all or a portion of the purchase
      price of such asset, interest thereon and other charges, costs and expenses
      (including the cost of design, development, construction, acquisition,
      transportation, installation, improvement, and migration) and is incurred in
      connection therewith (or the obligation under such Capital Lease Obligation)
      only;

     

    (6) Liens
      existing on the Issue Date and replacement Liens therefor that do not encumber
      additional property;

     

    (7) Liens
      for
      taxes, assessments or governmental charges or claims that are not yet delinquent
      or that are being contested in good faith by appropriate proceedings promptly
      instituted and diligently concluded; provided
      that any
      reserve or other appropriate provision as shall be required in conformity with
      GAAP shall have been made therefor;

     

    (8) statutory
      and common law Liens of landlords and carriers, warehousemen, mechanics,
      suppliers, materialmen, repairmen or other similar Liens arising in the ordinary
      course of business and with respect to amounts not yet delinquent or being
      contested in good faith by appropriate legal proceedings promptly instituted
      and
      diligently conducted and for which a reserve or other appropriate provision,
      if
      any, as shall be required in conformity with GAAP shall have been
      made;

     

    (9) Liens
      incurred or deposits made in the ordinary course of business in connection
      with
      workers’ compensation, unemployment insurance and other types of social
      security;

     

    (10) Liens
      incurred or deposits made to secure the performance of tenders, bids, leases,
      statutory or regulatory obligation, bankers’ acceptance, surety and appeal
      bonds, government contracts, performance and return-of-money bonds and other
      obligations of a similar nature incurred in the ordinary course of business
      (exclusive of obligations for the payment of borrowed money);

     

    (11) easements,
      rights-of-way, municipal and zoning ordinances and similar charges,
      encumbrances, title defects or other irregularities that do not materially
      interfere with the ordinary course of business of the Company or any of its
      Restricted Subsidiaries;

     

    (12) Liens
      of
      franchisors or other regulatory bodies arising in the ordinary course of
      business;

     

    (13) Liens
      arising from filing Uniform Commercial Code financing statements regarding
      leases or other Uniform Commercial Code financing statements for precautionary
      purposes relating to arrangements not constituting Indebtedness;

     

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    (14) Liens
      arising from the rendering of a final judgment or order against the Company
      or
      any of its Restricted Subsidiaries that does not give rise to an Event of
      Default;

     

    (15) Liens
      securing reimbursement obligations with respect to letters of credit that
      encumber documents and other property relating to such letters of credit and
      the
      products and proceeds thereof;

     

    (16) Liens
      encumbering customary initial deposits and margin deposits, and other Liens
      that
      are within the general parameters customary in the industry and incurred in
      the
      ordinary course of business, in each case, securing Indebtedness under Hedging
      Obligations and forward contracts, options, future contracts, future options
      or
      similar agreements or arrangements designed solely to protect the Company or
      any
      of its Restricted Subsidiaries from fluctuations in interest rates, currencies
      or the price of commodities;

     

    (17) Liens
      consisting of any interest or title of licensor in the property subject to
      a
      license;

     

    (18) Liens
      on
      the Capital Stock of Unrestricted Subsidiaries;

     

    (19) Liens
      arising from sales or other transfers of accounts receivable which are past
      due
      or otherwise doubtful of collection in the ordinary course of
      business;

     

    (20) Liens
      incurred in the ordinary course of business of the Company and its Restricted
      Subsidiaries with respect to obligations which in the aggregate do not exceed
      $50 million at any one time outstanding;

     

    (21) Liens
      in
      favor of the Trustee arising under the provisions of Section 7.07 of this
      Indenture and similar provisions in favor of trustees or other agents or
      representatives under indentures or other agreements governing debt instruments
      entered into after the date hereof;

     

    (22) Liens
      in
      favor of the Trustee for its benefit and the benefit of Holders as their
      respective interests appear; and

     

    (23) Liens
      securing Permitted Refinancing Indebtedness, to the extent that the Indebtedness
      being refinanced was secured or was permitted to be secured by such
      Liens.

     

    “Permitted
      Refinancing Indebtedness”
means
      any Indebtedness of the Company or any of its Restricted Subsidiaries issued
      in
      exchange for, or the net proceeds of which are used, within 60 days after the
      date of issuance thereof, to extend, refinance, renew, replace, defease or
      refund, other Indebtedness of the Company or any of its Restricted Subsidiaries
      (other than intercompany Indebtedness); provided
      that
      unless permitted otherwise by this Indenture, no Indebtedness of any Restricted
      Subsidiary may be issued in exchange for, nor may the net proceeds of
      Indebtedness be used to extend, refinance, renew, replace, defease or refund,
      Indebtedness of the Company; provided further
      that:

     

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    (1) the
      principal amount (or accreted value, if applicable) of such Permitted
      Refinancing Indebtedness does not exceed the principal amount of (or accreted
      value, if applicable), plus accrued interest and premium, if any, on the
      Indebtedness so extended, refinanced, renewed, replaced, defeased or refunded
      (plus the amount of reasonable expenses incurred in connection therewith),
      except to the extent that any such excess principal amount (or accreted value,
      as applicable) would be then permitted to be incurred by other provisions of
      Section 4.10;

     

    (2) such
      Permitted Refinancing Indebtedness has a final maturity date later than the
      final maturity date of, and has a Weighted Average Life to Maturity equal to
      or
      greater than the Weighted Average Life to Maturity of, the Indebtedness being
      extended, refinanced, renewed, replaced, defeased or refunded; and

     

    (3) if
      the
      Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded
      is subordinated in right of payment to the Notes, such Permitted Refinancing
      Indebtedness has a final maturity date later than the final maturity date of,
      and is subordinated in right of payment to, the Notes on terms at least as
      favorable to the Holders of Notes as those contained in the documentation
      governing the Indebtedness being extended, refinanced, renewed, replaced,
      defeased or refunded.

     

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

     

    “Preferred
      Stock,”
as
      applied to the Capital Stock of any Person, means Capital Stock of any class
      or
      classes (however designated) which, by its terms, is preferred as to the payment
      of dividends, or as to the distribution of assets upon any voluntary or
      involuntary liquidation or dissolution of such Person, over shares of Capital
      Stock of any other class of such Person.

     

    “Private
      Placement Legend”
means
      the legend set forth in Section 2.06(f)(i) to be placed on all Notes issued
      under this Indenture except where otherwise permitted by the provisions of
      this
      Indenture.

     

    “Productive
      Assets”
means
      assets (including assets of a Person owned directly or indirectly through
      ownership of Capital Stock) of a kind used or useful in the Cable Related
      Business.

     

    “QIB”
means
      a
“qualified institutional buyer” as defined in Rule 144A.

     

    “QIB
      Global Note”
means
      a
      global note substantially in the form of Exhibit
      A
      hereto
      bearing the Global Note Legend and the Private Placement Legend and deposited
      with or on behalf of, and registered in the name of, the Depositary or its
      nominee that will be issued in an initial denomination that, when aggregated
      with the initial denomination of the other QIB Global Notes, will equal the
      outstanding principal amount of the Initial Notes or any Initial Additional
      Notes, in each case initially sold in reliance on Rule 144A or Section 4(2)
      of the Securities Act.

     

    “Qualified
      Capital Stock”
means
      any Capital Stock that is not Disqualified Stock.

     

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

     

    “Rating
      Agencies”
means
      Moody’s and S&P.

     

    “Registration
      Rights Agreement”
means
      (a) the Exchange and Registration Rights Agreement dated as of the Issue
      Date among the Issuers, CCH I, CCH I Capital Corp., Charter Holdings, Banc
      of
      America Securities LLC and Citigroup Global Markets Inc. with respect to the
      Initial Notes and (b) any registration rights agreement among the Issuers
      and the initial purchasers named therein with respect to any Initial Additional
      Notes.

     

    “Registered
      Exchange Offer”
means
      an offer to exchange Initial Notes or Initial Additional Notes, if any, for
      Exchange Notes pursuant to a Registration Rights Agreement.

     

    “Regulation
      S”
means
      Regulation S promulgated under the Securities Act.

     

    “Regulation
      S Global Note”
means
      a
      global note substantially in the form of Exhibit
      A
      hereto
      bearing the Global Note Legend and the Private Placement Legend and deposited
      with or on behalf of, and registered in the name of, the Depositary or its
      nominee that will be issued in an initial denomination that, when aggregated
      with the initial denominations of the other Regulation S Global Notes, will
      equal the outstanding principal amount of the Initial Notes or any Initial
      Additional Notes, in each case, initially sold in reliance on Rule 903 of
      Regulation S.

     

    “Related
      Party”
      means:

     

    (1) the
      spouse or an immediate family member, estate or heir of Paul G. Allen;
      or

     

    (2) any
      trust, corporation, partnership or other entity, the beneficiaries,
      stockholders, partners, owners or Persons beneficially holding an 80% or more
      controlling interest of which consist of Paul G. Allen and/or such other Persons
      referred to in the immediately preceding clause (1).

     

    “Responsible
      Officer”
means,
      when used with respect to the Trustee, any officer assigned to the Corporate
      Trust Office of the Trustee, including any vice president, assistant vice
      president, assistant treasurer, or any other officer of the Trustee customarily
      performing functions similar to those performed by any of the above designated
      officers and having direct responsibility for the administration of this
      Indenture, and also, with respect to a particular
      matter,
      any other officer to whom such matter is referred because of such officer’s
      knowledge of and familiarity with the particular subject and who shall have
      direct responsibility for the administration of this Indenture.

     

    “Restricted
      Definitive Note”
means
      a
      Definitive Note bearing the Private Placement Legend.

     

    “Restricted
      Global Note”
means
      a
      Global Note bearing the Private Placement Legend.

     

    “Restricted
      Investment”
means
      an Investment other than a Permitted Investment.

     

    “Restricted
      Period”
means
      the
      relevant 40-day distribution compliance period as defined in
      Regulation S.

     

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

     

    “Restricted
      Subsidiary”
of
      a
      Person means any Subsidiary of the referent Person that is not an Unrestricted
      Subsidiary.

     

    “Rule
      144”
means
      Rule 144 promulgated under the Securities Act.

     

    “Rule
      144A”
means
      Rule 144A promulgated under the Securities Act.

     

    “Rule
      903”
means
      Rule 903 promulgated under the Securities Act.

     

    “Rule
      904”
means
      Rule 904 promulgated under the Securities Act.

     

    “S&P”
means
      Standard & Poor’s Ratings Service, a division of the McGraw-Hill Companies,
      Inc. or any successor to the rating agency business thereof.

     

    “SEC”
means
      the Securities and Exchange Commission.

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended.

     

    “Significant
      Subsidiary”
means
      (a) with respect to any Person, any Restricted Subsidiary of such Person
      which would be considered a “Significant Subsidiary” as defined in
      Rule 1-02(w) of Regulation S-X under the Securities Act and
      (b) in addition, with respect to the Company, Capital Corp.

     

    “Special
      Interest”
means
      special or additional interest in respect of the Notes that is payable by the
      Issuers as liquidated damages upon specified registration defaults pursuant
      to
      any Registration Rights Agreement.

     

    “Stated
      Maturity”
means,
      with respect to any installment of interest or principal on any series of
      Indebtedness, the date on which such payment of interest or principal was
      scheduled to be paid in the documentation governing such Indebtedness on the
      Issue Date, or, if none, the original documentation governing such Indebtedness,
      and shall not include any contingent obligations to repay, redeem or repurchase
      any such interest or principal prior to the date originally scheduled for the
      payment thereof.

     

    “Subsidiary”
means,
      with respect to any Person:

     

    (1) any
      corporation, association or other business entity of which at least 50% of
      the
      total voting power of shares of Capital Stock entitled (without regard to the
      occurrence of any contingency) to vote in the election of directors, managers
      or
      trustees thereof is at the time owned or controlled, directly or indirectly,
      by
      such Person or one or more of the other Subsidiaries of that Person (or a
      combination thereof) and, in the case of any such entity of which 50% of the
      total voting power of shares of Capital Stock is so owned or controlled by
      such
      Person or one or more of the other Subsidiaries of such Person, such Person
      and
      its Subsidiaries also have the right to control the management of such entity
      pursuant to contract or otherwise; and

     

    (2) any
      partnership (a) the sole general partner or the managing general partner of
      which is such Person or a Subsidiary of such Person, or (b) the only
      general 

     

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

       

       

      partners
        of which are such Person or of one or more Subsidiaries of such Person (or
        any
        combination thereof).

    

     

    “Tax”
shall
      mean any tax, duty, levy, impost, assessment or other governmental charge
      (including penalties, interest and any other liabilities related
      thereto).

     

    “Temporary
      Regulation S Global Note”
means
      a
      Regulation S Global Note that bears the Temporary Regulation S
      Legend.

     

    “TIA”
or
      “Trust
      Indenture Act”
means
      the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect
      on the date on which this Indenture is qualified under the TIA; provided,
      however,
      that in
      the event the Trust Indenture Act of 1939 is amended after such date, then
      “TIA”
means,
      to the extent required by such amendment, the Trust Indenture Act of 1939 as
      so
      amended.

     

    “Transfer
      Restricted Notes”
means
      Notes that bear or are required to bear the Private Placement
      Legend.

     

    “Trustee”
means
      The Bank of New York Trust Company, NA until a successor replaces The Bank
      of
      New York Trust Company, NA in accordance with the applicable provisions of
      this
      Indenture and thereafter means the successor serving hereunder. 

     

    “Unrestricted
      Global Note”
means
      a
      permanent global note substantially in the form of Exhibit
      A
      attached
      hereto that bears the Global Note Legend and that has the “Schedule
      of Exchanges of Interests in the Global Note”
      attached thereto, and that is deposited with or on behalf of and registered
      in
      the name of the Depositary, representing a series of Notes that do not bear
      the
      Private Placement Legend.

     

    “Unrestricted
      Subsidiary”
means
      any Subsidiary of the Company that is designated by the Board of Directors
      of
      the Company as an Unrestricted Subsidiary pursuant to a board resolution, but
      only to the extent that such Subsidiary:

     

    (1) has
      no
      Indebtedness other than Non-Recourse Debt;

     

    (2) is
      not
      party to any agreement, contract, arrangement or understanding with the Company
      or any Restricted Subsidiary thereof unless the terms of any such agreement,
      contract, arrangement or understanding are no less favorable to the Company
      or
      such Restricted Subsidiary than those that might be obtained at the time from
      Persons who are not Affiliates of the Company unless such terms constitute
      Restricted Investments permitted under Section 4.08, Permitted Investments,
      Asset Sales permitted under Section 4.11 or sale and leaseback transactions
      permitted under Section 4.12;

     

    (3) is
      a
      Person with respect to which neither the Company nor any of its Restricted
      Subsidiaries has any direct or indirect obligation: (a) to subscribe for
      additional Equity Interests or (b) to maintain or preserve such Person’s
      financial condition or to cause such Person to achieve any specified levels
      of
      operating results;

     

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    (4) has
      not
      guaranteed or otherwise directly or indirectly provided credit support for
      any
      Indebtedness of the Company or any of its Restricted Subsidiaries;
      and

     

    (5) does
      not
      own any Capital Stock of any Restricted Subsidiary of the Company.

     

    Any
      designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall
      be evidenced to the Trustee by delivering to the Trustee a certified copy of
      the
      board resolution giving effect to such designation and an Officers’ Certificate
      certifying that such designation complied with the preceding conditions and
      was
      permitted by Section 4.08. If, at any time, any Unrestricted Subsidiary
      would fail to meet the preceding requirements as an Unrestricted Subsidiary,
      it
      shall thereafter cease to be an Unrestricted Subsidiary for purposes of this
      Indenture and any Indebtedness of such Subsidiary shall be deemed to be incurred
      by a Restricted Subsidiary of the Company as of such date and, if such
      Indebtedness is not permitted to be incurred as of such date under
      Section 4.10,
      the
      Company shall be in default of Section 4.10. The Board of Directors of the
      Company may at any time designate any Unrestricted Subsidiary to be a Restricted
      Subsidiary; provided
      that
      such designation shall be deemed to be an incurrence of Indebtedness by a
      Restricted Subsidiary of any outstanding Indebtedness of such Unrestricted
      Subsidiary and such designation shall only be permitted if:

     

    (1) such
      Indebtedness is permitted under Section 4.10 calculated on a pro forma
      basis as if such designation had occurred at the beginning of the four-quarter
      reference period; and

     

    (2) no
      Default or Event of Default would be in existence immediately following such
      designation.

     

    “U.S.
      Person”
means
      a
      U.S. person as defined in Rule 902(k) under the Securities
      Act.

     

    “Voting
      Stock”
of
      any
      Person as of any date means the Capital Stock of such Person that is at the
      time
      entitled to vote in the election of the board of directors or comparable
      governing body of such Person.

     

    “Weighted
      Average Life to Maturity”
means,
      when applied to any Indebtedness at any date, the number of years obtained
      by
      dividing:

     

    (1) the
      sum
      of the products obtained by multiplying (a) the amount of each then
      remaining installment, sinking fund, serial maturity or other required payments
      of principal, including payment at final maturity, in respect thereof, by
      (b) the number of years (calculated to the nearest one-twelfth) that will
      elapse between such date and the making of such payment; by

     

    (2) the
      then
      outstanding principal amount of such Indebtedness.

     

    “Wholly
      Owned Restricted Subsidiary”
of
      any
      Person means a Restricted Subsidiary of such Person where all of the outstanding
      common equity interests or other ownership interests of such Restricted
      Subsidiary (other than directors’ qualifying shares) shall at the time be owned
      by such Person and/or by one or more Wholly Owned Restricted Subsidiaries of
      such Person.

     

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    SECTION
      1.02.   Other
      Definitions.

     

    
      	Term	
              Defined
                in Section

            
	Affliliate
              Transaction	
              4.13

            
	Agent
              Members	
                               2.06(a)

            
	Asset
              Sale Offer	
              3.09 

            
	Authentication
              Order	
              2.02

            
	Capital
              Corp.	
                             
                Preamble

            
	Change
              of Control Offer 	
              4.16 

            
	Change
              of Control Payment 	
              4.16

            
	Change
              of Control Payment Date	
                                  
                4.16(1)

            
	Company	
                             
                Preamble 

            
	Covenant
              Defeasance	
              8.03

            
	DTC	
              2.03

            
	Event
              of Default 	
              6.01

            
	Excess Proceeds	
                                 
                4.11(c)

            
	Guaranteed
              Indebtedness	
              4.17

            
	Incur      	
              4.10

            
	Issuers  	
                             
                Preamble

            
	Legal
              Defeasance 	
              8.02

            
	Offer
              Amount  	
              3.09

            
	Offer
              Period 	
              3.09 

            
	Option
              of Holder to Elect Purchase  	
                     4.16(4),
                3.09(f)

            
	Parent
              Guarantor	
                              Preamble

            
	Paying
              Agent 	
              2.03

            
	Payment
              Default	
                             
                6.01(5)(a)

            
	Permitted
              Debt  	
              4.10 

            
	Preferred
              Stock Financing	
              4.10

            
	Purchase
              Date	
              3.09

            
	QIBs 	
                                 
                2.01(b)

            
	Registrar   	
              2.03

            
	Regulation
              S    	
                                 
                2.01(b)

            
	Restricted
              Payments	
                                 
                4.07(c)

            
	Rule
              144A     	
                                 
                2.01(b)

            
	Subordinated
              Debt Financing	
              4.10

            
	Subordinated
              Notes   	
              4.10

            
	Subsidiary
              Guarantee	
                                  
                4.17(1)

            
	Suspended
              Covenants	
              4.19

            
	Temporary
              Regulation S Legend	
                             
                2.06(f)(iii) 

            
	Trustee        	
                     
                8.05, Preamble

            

    

     

     

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

     

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    “indenture
      securities” means the Notes;

     

    “indenture
      security holder” means a Holder of a Note;

     

    “indenture
      to be qualified” means this Indenture;

     

    “indenture
      trustee” or “institutional trustee” means the Trustee; and

     

    “obligor”
      on the Notes means the Issuers and any successor obligor upon the
      Notes.

     

    All
      other
      terms used in this Indenture that are defined by the TIA, defined by TIA
      reference to another statute or defined by SEC rule under the TIA have the
      meanings so assigned to them.

     

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

     

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

     

    (2) an
      accounting term not otherwise defined has the meaning assigned to it, and all
      accounting determinations shall be made, in accordance with GAAP;

     

    (3) “or”
is
      not exclusive and “including” means “including without limitation”;

     

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

     

    (5) all
      exhibits are incorporated by reference herein and expressly made a part of
      this
      Indenture;

     

    (6) references
      to sections of or rules under the Securities Act shall be deemed to include
      substitute, replacement of successor sections or rules adopted by the SEC from
      time to time;

     

    (7) references
      to any statute, law, rule or regulation shall be deemed to refer to the same
      as
      from time to time amended and in effect and to any successor statute, law,
      rule
      or regulation; and

     

    (8) any
      transaction or event shall be considered “permitted by” or made “in accordance
      with” or “in compliance with” this Indenture or any particular provision thereof
      if such transaction or event is not expressly prohibited by this Indenture
      or
      such provision, as the case may be.

    
           
        

          
        ARTICLE II  

       

      THE
        NOTES

       

      SECTION
        2.01.   Form
        and Dating.

    

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    (a) General.
      The
      Notes and the Trustee’s certificate of authentication shall be substantially in
      the form of Exhibit
      A
      hereto.
      The Notes may have notations, legends or endorsements required by law, stock
      exchange rule or usage. Each Note shall be dated the date of its authentication.
      The Notes shall be in denominations of $1,000 and integral multiples
      thereof.

     

    The
      Global Notes shall be deposited on behalf of the purchasers of the Notes
      represented thereby with the Trustee as custodian for the Depositary, and
      registered in the name of the Depositary or a nominee of the Depositary, duly
      executed by the Issuers and authenticated by the Trustee as hereinafter
      provided.

     

    Each
      Global Note shall represent such of the outstanding Notes as shall be specified
      therein and each shall provide that it shall represent the aggregate amount
      of
      outstanding Notes from time to time endorsed thereon and that the aggregate
      amount of outstanding Notes represented thereby may from time to time be reduced
      or increased, as appropriate, to reflect exchanges, redemptions and transfers
      of
      interests. Any endorsement of a Global Note to reflect the amount of any
      increase or decrease in the amount of outstanding Notes represented thereby
      shall be made by the Trustee or the Note Custodian, at the direction of the
      Trustee, in accordance with instructions given by the Holder thereof as required
      by Section 2.06 hereof.

     

    (b) The
      Initial Notes are being issued by the Issuers only (i) to “qualified
      institutional buyers” (as defined in Rule 144A under the Securities Act
      (“Rule
      144A“))
      (“QIBs”)
      and
      (ii) in reliance on Regulation S under the Securities Act
      (“Regulation S”).
      After
      such initial offers, Initial Notes that are Transfer Restricted Notes may be
      transferred (i) to QIBs in reliance on Rule 144A, (ii) outside
      the United States pursuant to Regulation S, (iii) to the Issuers, in
      each case, in accordance with the terms of this Indenture and the Notes or
      (iv) pursuant to other transfers that do not require registration under the
      Securities Act. Initial Notes that are offered to QIBs in reliance on Section
      4(2) of the Securities Act shall be issued in the form of one or more permanent
      QIB Global Notes deposited with the Trustee, as Note Custodian, duly executed
      by
      the Issuers and authenticated by the Trustee as hereinafter provided. Initial
      Notes that are offered in offshore transactions in reliance on Regulation S
      shall be issued in the form of one or more Temporary Regulation S Global Notes
      deposited with the Trustee, as Note Custodian, duly executed by the Issuers
      and
      authenticated by the Trustee as hereinafter provided. The QIB Global Notes
      and
      the Regulation S Global Notes shall each be issued with separate CUSIP numbers.
      The aggregate principal amount of each Global Note may from time to time be
      increased or decreased by adjustments made on the records of the Trustee, as
      Note Custodian. Transfers of Notes between or among QIBs and to or by purchasers
      pursuant to Regulation S shall be represented by appropriate increases and
      decreases to the respective amounts of the appropriate Global Notes, as more
      fully provided in Sections 2.06 and 2.16.

     

    Section
      2.01(b) shall apply only to Global Notes deposited with or on behalf of the
      Depositary.

     

    (c) The
      Trustee shall have no responsibility or obligation to any Holder that is a
      member of (or a participant
      in) DTC or any other Person with respect to the accuracy of the records of
      DTC
      (or its nominee) or of any participant or member thereof, with respect to any
      ownership interest in the Notes or with respect to the delivery of any notice
      (including any notice 

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

       

       

      of
        redemption) or the payment of any amount or delivery of any Notes (or other
        security or property) under or with respect to the Notes. The Trustee may
        rely
        (and shall be fully protected in relying) upon information furnished by DTC
        with
        respect to its members, participants and any beneficial owners in the
        Notes.

    

     

    (d) Definitive
      Notes shall be substantially in the form of Exhibit A
      attached
      hereto (but without including the text referred to in footnotes 2 and 3
      thereto).

     

    SECTION
      2.02.   Execution
      and Authentication.
      An
      Officer shall sign the Notes for each Issuer by manual or facsimile
      signature.

     

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

     

    A
      Note
      shall not be valid until authenticated by the manual signature (which may be
      by
      facsimile) of the Trustee. The signature shall be conclusive evidence that
      the
      Note has been authenticated under this Indenture. At any time and from time
      to
      time after the execution and delivery of this Indenture, the Issuers may deliver
      Notes executed by the Issuers to the Trustee for authentication; and the Trustee
      shall authenticate and deliver (i) Initial Notes for original issue in the
      aggregate principal amount of $250,000,000, (ii) Additional Notes from time
      to time for original issue in aggregate principal amount specified by the
      Issuers and (iii) Exchange Notes from time to time for issue in exchange
      for a like principal amount of Initial Notes or Initial Additional Notes, in
      each case specified in clauses (i) through (iii) above, upon a written
      order of the Issuers signed by an Officer of each of the Issuers (an
“Authentication
      Order”).
      Such
      Authentication Order shall specify the amount of Notes to be authenticated
      and
      the date on which the Notes are to be authenticated, whether such notes are
      to
      be Initial Notes, Additional Notes or Exchange Notes and whether the Notes
      are
      to be issued as one or more Global Notes and such other information as the
      Issuers may include or the Trustee may reasonably request. The aggregate
      principal amount of Notes which may be authenticated and delivered under this
      Indenture is unlimited.

     

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

     

    SECTION
      2.03.   Registrar
      and Paying Agent.
      The
      Issuers shall maintain an office or agency where Notes may be presented for
      registration of transfer or for exchange (“Registrar”) and an office or agency
      where Notes may be presented for payment (“Paying Agent“). The Registrar shall
      keep a register of the Notes and of their transfer and exchange. The Issuers
      may
      appoint one or more co-registrars and one or more additional paying agents.
      The
      term “Registrar” includes any co-registrar and the term “Paying Agent” includes
      any additional paying agent. The Issuers may change any Paying Agent or
      Registrar without notice to any Holder. The Issuers shall notify the Trustee
      in
      writing of the name and address of any Agent not a party to this Indenture.
      If
      the Issuers fail to appoint or maintain another entity as Registrar or

     

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

       

       

      Paying
        Agent, the Trustee shall act as such. The Company or any of its Subsidiaries
        may
        act as Paying Agent or Registrar.

    

     

    The
      Issuers initially appoint The Depository Trust Company (“DTC”)
      to act
      as Depositary with respect to the Global Notes.

     

    The
      Issuers initially appoint the Trustee to act as the Registrar and Paying Agent
      and to act as Note Custodian with respect to the Global Notes.

     

    SECTION
      2.04.   Paying
      Agent to Hold Money in Trust.
      The
      Issuers shall require each Paying Agent other than the Trustee to agree in
      writing that the Paying Agent shall hold in trust for the benefit of Holders
      or
      the Trustee all money held by the Paying Agent for the payment of principal,
      premium, if any, or interest on the Notes, and shall notify the Trustee of
      any
      default by the Issuers in making any such payment. While any such default
      continues, the Trustee may require a Paying Agent to pay all money held by
      it to
      the Trustee. The Issuers at any time may require a Paying Agent to pay all
      money
      held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent
      (if other than the Company or a Subsidiary) shall have no further liability
      for
      the money. If the Company or a Subsidiary acts as Paying Agent, it shall
      segregate and hold in a separate trust fund for the benefit of the Holders
      all
      money held by it as Paying Agent. Upon any bankruptcy or reorganization
      proceedings relating to the Issuers, the Trustee shall serve as Paying Agent
      for
      the Notes.

     

    SECTION
      2.05.   Holder
      Lists. The Trustee shall preserve in as current a form as is reasonably
      practicable the most recent list available to it of the names and addresses
      of
      all Holders and shall otherwise comply with TIA Section 312(a). If the Trustee
      is not the Registrar, the Issuers shall furnish to the Trustee at least seven
      Business Days before each interest payment date and at such other times as
      the
      Trustee may request in writing, a list in such form and as of such date as
      the
      Trustee may reasonably require of the names and addresses of the Holders of
      Notes and the Issuers shall otherwise comply with TIA Section
      312(a).

     

    SECTION
      2.06.   Transfer
      and Exchange.

     

    (a) Each
      Global
      Note shall (i) be registered in the name of the Depositary for such Global
      Notes
      or the nominee of such Depositary, (ii) be delivered to the Trustee as custodian
      for such Depositary and (iii) bear legends as set forth in Section
      2.06(f).

     

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

     

    (b) Transfers
      of a Global Note shall be limited to transfers of such Global Note in whole,
      but
      not in part, to the Depositary,
      its successors or their respective nominees. Interests of 

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

       

       

      beneficial
        owners in a Global Note may be transferred in accordance with Section 2.16
        and
        the rules and procedures of the Depositary. In addition, Definitive Notes
        shall
        be transferred to all beneficial owners in exchange for their beneficial
        interests if (i) the Depositary notifies the Issuers that the Depositary
        is
        unwilling or unable to continue as Depositary for the Global Notes or the
        Depositary ceases to be a “clearing agency” registered under the Exchange Act
        and a successor depositary is not appointed by the Issuers within ninety
        (90)
        days of such notice, (ii) the Issuers at their sole discretion, notify the
        Trustee in writing that they elect to cause the issuance of Definitive Notes
        under this Indenture or (iii) an Event of Default of which a Responsible
        Officer
        of the Trustee has actual notice has occurred and is continuing and the
        Registrar has received a request from the Depositary to issue such Definitive
        Notes.

    

     

    (c) In
      connection with the transfer of the entire Global Note to beneficial owners
      pursuant to clause (b) of this Section, such Global Note shall be deemed to
      be
      surrendered to the Trustee for cancellation, and the Issuers shall execute,
      and
      the Trustee shall authenticate and deliver, to each beneficial owner identified
      by the Depositary in exchange for its beneficial interest in such Global Note
      an
      equal aggregate principal amount of Definitive Notes of authorized
      denominations.

     

    (d) The
      registered holder of a Global Note may grant proxies and otherwise authorize
      any
      person, including Agent Members and persons that may hold interests through
      Agent Members, to take any action which a Holder is entitled to take under
      this
      Indenture or the Notes.

     

    (e) A
      Definitive Note may not be transferred or exchanged for a beneficial interest
      in
      a Global Note.

     

    (f) Legends.
      The
      following legends shall appear on the face of all Global Notes and Definitive
      Notes issued under this Indenture unless specifically stated otherwise in the
      applicable provisions of this Indenture.

     

    (i) Private
      Placement Legend.
      Except
      as permitted by Section 2.16, each Global Note and each Definitive Note (and
      all
      Notes issued in exchange therefor or substitution thereof) shall bear the legend
      in substantially the following form:

     

    THIS
      SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
      1933,
      AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW. THE HOLDER
      HEREOF, BY PURCHASING THIS SECURITY, AGREES FOR THE BENEFIT OF THE COMPANY
      THAT
      NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED,
      RESOLD, PLEDGED OR OTHERWISE TRANSFERRED (X) PRIOR TO THE SECOND ANNIVERSARY
      OF
      THE ISSUANCE HEREOF OR (Y) AT ANY TIME BY ANY TRANSFEROR THAT WAS AN AFFILIATE
      OF EITHER ISSUER DURING THE THREE MONTHS PRECEDING THE DATE OF SUCH OFFER,
      RESALE, PLEDGE OR OTHER TRANSFER, IN EITHER CASE, OTHER THAN (1) TO AN ISSUER,
      (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT,
      (3) SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO 

     

     

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    RULE
      144A
      UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON WHOM THE TRANSFEROR
      REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF
      RULE 144A PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
      INSTITUTIONAL BUYER, IN EACH CASE, TO WHOM NOTICE IS GIVEN THAT THE OFFER,
      RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
      (4) TO NON-U.S. PERSONS IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
      RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, OR (5) IN
      ANY
      OTHER TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT,
      IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE
      OF
      THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND SUBJECT TO THE
      TRUSTEE OR THE ISSUERS RECEIVING SUCH CERTIFICATES, LEGAL OPINIONS AND OTHER
      INSTRUMENTS, IN THE CASE OF TRANSFERS PURSUANT TO CLAUSES (3), (4) OR (5),
      AS MAY BE REQUIRED BY THE INDENTURE.

     

    (ii) Global
      Note Legend.
      Each
      Global Note shall bear a legend in substantially the following
      form:

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OR TRANSFER,
      EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
      CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUIRED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER REPRESENTATIVE
      OF
      THE DEPOSITORY TRUST COMPANY OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE
      TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY) ANY TRANSFER, PLEDGE OR OTHER
      USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
      REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

     

    TRANSFERS
      OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
      PART,
      TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
      NOMINEE.

     

    (iii) Temporary
      Regulation S Legend.
      Each
      Regulation S Global Note shall initially bear a legend (the “Temporary
      Regulation S Legend”)
      in
      substantially the following form:

     

    THE
      HOLDER OF THIS NOTE BY ACCEPTANCE HEREOF ALSO AGREES, REPRESENTS AND WARRANTS
      THAT IF IT IS A PURCHASER IN A SALE THAT 

     

    
      
        
        

      

      
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    OCCURS
      OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S OF THE SECURITIES
      ACT, IT ACKNOWLEDGES THAT, UNTIL EXPIRATION OF THE “40-DAY DISTRIBUTION
      COMPLIANCE PERIOD” WITHIN THE MEANING OF RULE 903 OF REGULATION S, ANY OFFER OR
      SALE OF THIS NOTE SHALL NOT BE MADE BY IT TO A U.S. PERSON TO OR FOR THE ACCOUNT
      OR BENEFIT OF A U.S. PERSON WITHIN THE MEANING OF RULE 902(k) UNDER THE
      SECURITIES ACT.

     

    (g) Cancellation
      and/or Adjustment of Global Notes.
      At such
      time as all beneficial interests in a particular Global Note have been exchanged
      for Definitive Notes or a particular Global Note has been redeemed, repurchased
      or canceled in whole and not in part, each such Global Note shall be returned
      to
      or retained and canceled by the Trustee in accordance with Section 2.11. At
      any time prior to such cancellation, if any beneficial interest in a Global
      Note
      is exchanged for or transferred to a Person who will take delivery thereof
      in
      the form of a beneficial interest in another Global Note or for Definitive
      Notes, the principal amount of Notes represented by such Global Note shall
      be
      reduced accordingly and an endorsement shall be made on such Global Note by
      the
      Trustee or by the Depositary at the direction of the Trustee to reflect such
      reduction; and if the beneficial interest is being exchanged for or transferred
      to a Person who will take delivery thereof in the form of a beneficial interest
      in another Global Note, such other Global Note shall be increased accordingly
      and an endorsement shall be made on such Global Note by the Trustee or by the
      Depositary at the direction of the Trustee to reflect such
      increase.

     

    (h) General
      Provisions Relating to Transfers and Exchanges.

     

    (i) To
      permit
      registrations of transfers and exchanges, the Issuers shall execute and the
      Trustee shall authenticate Global Notes and Definitive Notes upon the Issuers’
order or at the Registrar’s request.

     

    (ii) No
      service charge shall be made to a holder of a beneficial interest in a Global
      Note or to a Holder of a Definitive Note for any registration of transfer or
      exchange, but the Issuers may require payment of a sum sufficient to cover
      any
      transfer tax or similar governmental charge payable in connection therewith
      (other than any such transfer taxes or similar governmental charge payable
      upon
      exchange or transfer pursuant to Sections 2.02, 2.10, 3.06, 4.11, 4.16 and
      9.05).

     

    (iii) The
      Registrar shall not be required to register the transfer of or exchange any
      Note
      or portion of a Note selected for redemption or repurchase in whole or in part,
      except the unredeemed or unrepurchased portion of any Note being redeemed or
      repurchased in part.

     

    (iv) All
      Global Notes and Definitive Notes issued upon any registration of transfer
      or
      exchange of Global Notes or Definitive Notes shall be the valid obligations
      of
      the Issuers, evidencing the same debt, and entitled to the same benefits under
      this Indenture, as the Global Notes or Definitive Notes surrendered upon such
      registration of transfer or exchange.

     

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    (v) The
      Issuers shall not be required to register the transfer of or to exchange a
      Note
      for a period of 15 days before a selection of Notes to be redeemed or
      repurchased or during the period between a record date and the next succeeding
      interest payment date.

     

    (vi) Prior
      to
      due presentment for the registration of a transfer of any Note, the Trustee,
      any
      Agent and the Issuers may deem and treat the Person in whose name any Note
      is
      registered as the absolute owner of such Note for the purpose of receiving
      payment of principal of and interest on such Notes and for all other purposes,
      and none of the Trustee, any Agent or the Issuers shall be affected by notice
      to
      the contrary.

     

    (vii) The
      Trustee shall authenticate Global Notes and Definitive Notes in accordance
      with
      the provisions of Section 2.02.

     

    (viii) All
      certifications, certificates and opinions of counsel required to be submitted
      to
      the Registrar pursuant to this Section 2.06 or Section 2.16 to effect a
      registration of transfer or exchange may be submitted by facsimile.

     

    SECTION
      2.07.   Replacement
      Notes.
      If any
      mutilated Note is surrendered to the Trustee or the Issuers and the Trustee
      receives evidence to its satisfaction of the destruction, loss or theft of
      any
      Note, the Issuers shall issue and the Trustee, upon receipt of an Authentication
      Order, shall authenticate a replacement Note if the Trustee’s requirements are
      met. If required by the Trustee or the Issuers, an indemnity bond must be
      supplied by the Holder that is sufficient in the judgment of the Trustee and
      the
      Issuers to protect the Issuers, the Trustee, any Agent and any authenticating
      agent from any loss that any of them may suffer if a Note is replaced. The
      Issuers may charge for their expenses in replacing a Note.

     

    Every
      replacement Note is an additional legally binding obligation of the Issuers
      and
      shall be entitled to all of the benefits of this Indenture equally and
      proportionately with all other Notes duly issued hereunder.

     

    SECTION
      2.08.   Outstanding
      Notes.
      The
      Notes outstanding at any time are all the Notes authenticated by the Trustee
      except for those canceled by it, those delivered to it for cancellation, those
      reductions in the interest in a Global Note effected by the Trustee in
      accordance with the provisions of this Indenture, and those described in this
      Section 2.08 as not outstanding. Except as set forth in Section 2.09, a
      Note does not cease to be outstanding because the Company or an Affiliate of
      the
      Company holds the Note.

     

    If
      a Note
      is replaced pursuant to Section 2.07, it ceases to be outstanding unless
      the Trustee receives proof satisfactory to it that the replaced Note is held
      by
      a bona fide purchaser.

     

    If
      the
      principal amount of any Note is considered paid under Section 4.01, it
      ceases to be outstanding and interest on it ceases to accrue.

     

    If
      the
      Paying Agent (other than an Issuer or a Subsidiary or an Affiliate of any
      thereof) holds, on a redemption date or maturity date, money sufficient to
      pay
      Notes payable on that date plus accrued and unpaid interest to such date, then
      on and after that date such Notes shall be deemed to be no longer outstanding
      and shall cease to accrue interest.

     

     

    
      
        
        

      

      
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    SECTION
      2.09.   Treasury
      Notes.
      In
      determining whether the Holders of the required principal amount of Notes have
      concurred in any direction, waiver or consent, Notes owned by an Issuer, or
      by
      any Person directly or indirectly controlling or controlled by or under direct
      or indirect common control with an Issuer, shall be considered as though not
      outstanding, except that for the purposes of determining whether the Trustee
      shall be protected in relying on any such direction, waiver or consent, only
      Notes that a Responsible Officer of the Trustee knows are so owned shall be
      so
      disregarded.

     

    SECTION
      2.10.   Temporary
      Notes. Until certificates representing Notes are ready for delivery, the
      Issuers may prepare and the Trustee, upon receipt of an Authentication Order,
      shall authenticate temporary Notes. Temporary Notes shall be substantially
      in
      the form of certificated Notes but may have variations that the Issuers consider
      appropriate for temporary Notes and as shall be reasonably acceptable to the
      Trustee. Without unreasonable delay, the Issuers shall prepare and the Trustee
      shall authenticate definitive Notes in exchange for temporary
      Notes.

     

    Holders
      of temporary Notes shall be entitled to all of the benefits of this
      Indenture.

     

    SECTION
      2.11.   Cancellation.
      The
      Issuers at any time may deliver Notes to the Trustee for cancellation. The
      Registrar and Paying Agent shall forward to the Trustee any Notes surrendered
      to
      them for registration of transfer, exchange or payment. The Trustee and no
      one
      else shall cancel all Notes surrendered for registration of transfer, exchange,
      payment, replacement or cancellation and shall dispose of such canceled Notes
      in
      its customary manner. The Issuers may not issue new Notes to replace Notes
      that
      they have paid or that have been delivered to the Trustee for
      cancellation.

     

    SECTION
      2.12.   Defaulted
      Interest. If the Issuers default in a payment of interest on the Notes, they
      shall pay the defaulted interest in any lawful manner plus, to the extent
      lawful, interest payable on the defaulted interest, to the Persons who are
      Holders on a subsequent special record date, in each case at the rate provided
      in the Notes and in Section 4.01. The Issuers shall notify the Trustee in
      writing of the amount of defaulted interest proposed to be paid on each Note
      and
      the date of the proposed payment. The Issuers shall fix or cause to be fixed
      each such special record date and payment date; provided that no such
      special record date shall be less than 10 days prior to the related payment
      date
      for such defaulted interest. At least 15 days before the special record date,
      the Issuers (or, upon the written request of the Issuers, the Trustee in the
      name and at the expense of the Issuers) shall mail or cause to be mailed to
      Holders a notice that states the special record date, the related payment date
      and the amount of such interest to be paid.

     

    SECTION
      2.13.   Record
      Date. The record date for purposes of determining the identity of Holders
      entitled to vote or consent to any action by vote or consent authorized or
      permitted under this Indenture shall be determined as provided for in TIA § 316
      (c).

     

    SECTION
      2.14.   Computation
      of Interest. Interest on the Notes shall be computed on the basis of a
      360-day year comprised of twelve 30-day months.

     

    SECTION
      2.15.   CUSIP
      Numbers. The Issuers in issuing the Notes may use “CUSIP” numbers, and if
      they do so, the Trustee shall use such CUSIP numbers in notices of redemption
      or
      exchange as a convenience to Holders; provided that any such notice may
      state that no 

     

    
      
         

      

      
        35

        
          

        

      

      
         

      

       

      representation
        is made as to the correctness or accuracy of the CUSIP numbers printed in
        the
        notice or on the Notes and that reliance may be placed only on the other
        identification numbers printed on the Notes. The Issuers shall promptly notify
        the Trustee of any change in the CUSIP numbers.

    

     

    SECTION
      2.16.   Special
      Transfer Provisions. Unless and until a Transfer Restricted Note is
      transferred or exchanged under an effective registration statement under the
      Securities Act, the following provisions shall apply:

     

    (a) Transfers
      to QIBs.
      The
      following provisions shall apply with respect to the registration of any
      proposed transfer of a Transfer Restricted Note to a QIB:

     

    (i) The
      Registrar shall register the transfer of a Transfer Restricted Note by a Holder
      to a QIB if such transfer is being made by a proposed transferor who has
      provided the Registrar with (a) an appropriately
      completed certificate of transfer in the form attached to the Note and (b)
      a
      letter substantially in the form set forth in Exhibit B
      hereto.

     

    (ii) If
      the
      proposed transferee is an Agent Member and the Transfer Restricted
      Note to
      be transferred consists of an interest in either a Regulation S Global Note
      or
      an Other Global Note, upon receipt by the Registrar of (x) the items
      required by paragraph (i) above and (y) instructions given in accordance with
      the Depositary’s and the Registrar’s procedures therefor, the Registrar shall
      reflect on its books and records the date and an increase in the principal
      amount of the QIB Global Note in an amount equal to the principal amount of
      the beneficial interest in the Regulation S Global Note or Other Global
      Note, as applicable, to be so transferred, and the Registrar shall reflect
      on
      its books and records the date and an appropriate decrease in the principal
      amount of such Regulation S Global Note or Other Global Note, as
      applicable.

     

    (b) Transfers
      Pursuant to Regulation S.
      The
      Registrar shall register the transfer of any Permanent Regulation S Global
      Note
      without requiring any additional certification. The following provisions shall
      apply with respect to the registration of any proposed transfer of a Transfer
      Restricted Note pursuant to Regulation S:

     

    (i) The
      Registrar shall register any proposed transfer of a Transfer Restricted Note
      pursuant to Regulation S by a Holder upon receipt of (a)
      an
      appropriately completed certificate of transfer in the form attached
      to the
      Note and (b) a
      letter
      substantially in the form set forth in Exhibit C
      hereto
      from the proposed transferor.

     

    (ii) If
      the
      proposed transferee is an Agent Member and the Transfer Restricted Note to
      be
      transferred consists of an interest in a QIB Global Note or an Other Global
      Note, upon receipt by the Registrar of (x) the items required by
      paragraph (i) above and (y) instructions given in accordance with the
      Depositary’s and the Registrar’s procedures therefor, the Registrar shall
      reflect on its books and records the date and an increase in the principal
      amount of the Regulation S Global Note in an amount equal to the principal
      amount of the beneficial interest in the QIB Global Note or Other Global Note,
      as applicable, to be transferred, and the Registrar shall reflect on its books
      and records the 

     

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

       

       

      date
        and
        an appropriate decrease in the principal amount of the QIB Global Note or
        Other
        Global Note, as applicable.

    

     

    (c) Exchange
      Offer.
      Upon
      the occurrence of the applicable Registered Exchange Offer in accordance with
      the applicable Registration Rights Agreement, the Issuers shall issue and,
      upon
      receipt of an authentication order in accordance with Section 2.02, the Trustee
      shall authenticate one or more Global Notes not bearing the Private Placement
      Legend in an aggregate principal amount equal to the principal amount of the
      beneficial interests in the Global Notes that are Transfer Restricted Notes
      tendered for acceptance in accordance with the Registered Exchange Offer and
      accepted for exchange in the Registered Exchange Offer.

     

    Concurrently
      with the issuance of such Global Notes, the Registrar shall cause the aggregate
      principal amount of the applicable Transfer Restricted Notes to be reduced
      accordingly, and the Registrar shall deliver to the Persons designated by the
      Holders of Transfer Restricted Notes Global Notes not bearing the Private
      Placement Legend in the appropriate principal amount.

     

    (d) Other
      Transfers.
      The
      following provisions shall apply with respect to the registration by the
      Registrar of any other proposed transfer of a Transfer Restricted Note that
      does
      not require registration under the Securities Act:

     

    (i) The
      Registrar shall register such transfer if it is being made by a proposed
      transferor who has provided the Registrar with (a) an appropriately
      completed certificate of transfer in the form attached to the Note and (b)
      a
      legal opinion from a law firm of nationally recognized standing to the effect
      that such transfer does not require registration under the Securities
      Act.

     

    (ii) Subject
      to clause (iii) below, if the proposed transferee is an Agent Member and the
      Transfer Restricted
      Note to
      be transferred consists of an interest in either a QIB Global Note or a
      Regulation S Global Note, upon receipt by the Registrar of (x) the items
      required by paragraph (i) above and (y) instructions given in accordance with
      the Depositary’s and the Registrar’s procedures therefor, the Registrar shall
      reflect on its books and records the date and an increase in the principal
      amount of the Other Global Note in an amount equal to the principal amount
      of
      the beneficial interest in the QIB Global Note or the Regulation S Global Note,
      as applicable, to be so transferred, and the Registrar shall reflect on its
      books and records the date and an appropriate decrease in the principal amount
      of such QIB Global Note or Regulation S Global Note or, as
      applicable.

     

    (iii) In
      connection with the first transfer pursuant to this Section 2.16(d), an Other
      Global Note shall be issued in the form of a permanent Global Note substantially
      in the form set forth in Exhibit A
      deposited with the Trustee, as Note Custodian, duly executed by the Issuers
      and
      authenticated by the Trustee as herein provided. The Other Global Note shall
      be
      issued with its own CUSIP number. The aggregate principal amount of the Other
      Global Note may from time to time be increased or decreased by adjustments
      made
      on the records of the Trustee, as Note Custodian. 

     

     

    
      
        
        

      

      
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    (e) Private
      Placement Legend.
      Upon
      the transfer, exchange or replacement of Notes not bearing the Private Placement
      Legend, the Registrar shall deliver Notes that do not bear the Private Placement
      Legend. Upon the transfer, exchange or replacement of Transfer Restricted Notes,
      the Registrar shall deliver only Transfer Restricted Notes unless either
      (i) such transfer or exchange is made in connection with a Registered
      Exchange Offer, (ii) the circumstances contemplated in Section 2.18 exist,
      or
      (iii) there is delivered to the Registrar an Opinion of Counsel reasonably
      satisfactory to the Issuers and the Trustee to the effect that neither such
      legend nor the related restrictions on transfer are required in order to
      maintain compliance with the provisions of the Securities Act.

     

    (f) General.
      By its
      acceptance of any Transfer Restricted Note, each Holder of such a Note
      acknowledges the restrictions on transfer of such Note set forth in this
      Indenture and in the Private Placement Legend and agrees that it shall transfer
      such Note only as provided in this Indenture.

     

    The
      Registrar shall retain copies of all letters, notices and other written
      communications received pursuant to this Section 2.16.

     

    SECTION
      2.17.   Issuance
      of Additional Notes.
      The
      Issuers shall be entitled to issue Additional Notes under this Indenture that
      shall have identical terms as the Initial Notes, other than with respect to
      the
      date of issuance, issue price and amount of interest payable on the first
      interest payment date applicable thereto (and, if such Additional Notes shall
      be
      issued in the form of Transfer Restricted Notes, other than with respect to
      transfer restrictions, any Registration Rights Agreement and additional interest
      with respect thereto). The Initial Notes and any Additional Notes and all
      Exchange Notes shall be treated as a single class for all purposes under this
      Indenture.

     

    With
      respect to any Additional Notes, the Issuers shall set forth in a resolution
      of
      each of their Boards of Directors and in an Officers’ Certificate, a copy of
      each of which shall be delivered to the Trustee, the following
      information:

     

    (i) the
      aggregate principal amount of such Additional Notes to be authenticated and
      delivered
      pursuant to this Indenture;

     

    (ii) the
      issue
      price, the date on which such Additional Notes shall be issued, the CUSIP
      number, the first interest payment date and the amount of interest payable
      on
      such first interest payment date applicable thereto and the date from which
      interest shall accrue; and

     

    (iii) whether
      such Additional Notes shall be Transfer Restricted Notes.

     

    SECTION
      2.18.   Temporary
      Regulation S Global Notes.
      An
      owner of a beneficial interest in a Temporary Regulation S Global Note (or
      a
      Person acting on behalf of such an owner) may provide to the Trustee (and the
      Trustee shall accept) a duly completed certificate in the form of
Exhibit D hereto at any time after the Restricted Period (it being
      understood that the Trustee shall not accept any such certificate during the
      Restricted Period). Promptly after acceptance of such a certificate with respect
      to such a beneficial interest, the Trustee shall cause such beneficial interest
      to be exchanged for an equivalent beneficial interest in a Permanent

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    Regulation S
      Global Note, and shall (x) permanently reduce the
      principal amount of such Temporary Regulation S Global Note by the amount of
      such beneficial interest and (y) increase the principal amount of such Permanent
      Regulation S Global Note by the amount of such beneficial interest.

     

         
      ARTICLE III  

     

    REDEMPTION

     

    SECTION
      3.01.   Notices
      to Trustee.
      If the
      Issuers elect to redeem Notes pursuant to the optional redemption provisions
      of
      Section 3.07, they shall furnish to the Trustee, at least 30 days but not
      more than 60 days before a redemption date, an Officers’ Certificate setting
      forth (i) the clause of this Indenture pursuant to which the redemption
      shall occur, (ii) the redemption date, (iii) the principal amount of
      Notes to be redeemed and (iv) the redemption price.

     

    SECTION
      3.02.   Selection
      of Notes to Be Redeemed. If less than all of the Notes are redeemed or
      purchased in an offer to purchase at any time, the Trustee shall select the
      Notes to be redeemed or purchased among the Holders of the Notes in compliance
      with the requirements of the principal national securities exchange, if any,
      on
      which the Notes are listed or, if the Notes are not so listed, on a pro rata
      basis, by lot or in accordance with any other method the Trustee considers
      fair
      and appropriate. In the event of partial redemption by lot, the particular
      Notes
      to be redeemed shall be selected, unless otherwise provided herein, not less
      than 30 nor more than 60 days prior to the redemption date by the Trustee from
      the outstanding Notes not previously called for redemption.

     

    The
      Trustee shall promptly notify the Issuers in writing of the Notes selected
      for
      redemption and, in the case of any Note selected for partial redemption, the
      principal amount thereof to be redeemed. Notes and portions of Notes selected
      shall be in amounts of $1,000 or whole multiples of $1,000; except that if
      all
      of the Notes of a Holder are to be redeemed, the entire outstanding amount
      of
      Notes held by such Holder, even if not a multiple of $1,000, shall be redeemed.
      Except as provided in the preceding sentence, provisions of this Indenture
      that
      apply to Notes called for redemption also apply to portions of Notes called
      for
      redemption.

     

    SECTION
      3.03.   Notice
      of Redemption.
      Subject
      to the provisions of Section 3.09, at least 30 days but not more than 60
      days before a redemption date, the Issuers shall mail or cause to be mailed,
      by
      first class mail, a notice of redemption to each Holder whose Notes are to
      be
      redeemed at its registered address.

     

    The
      notice shall identify the Notes to be redeemed and shall state:

     

    (a) the
      redemption date;

     

    (b) the
      redemption price;

     

    (c) if
      any
      Note is being redeemed in part, the portion of the principal amount of such
      Note
      to be redeemed and that, after the redemption date upon surrender of such Note,
      a new Note or Notes in principal amount equal to the unredeemed portion shall
      be
      issued upon cancellation of the original Note;

     

     

    
      
        
        

      

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

     

    (e) that
      Notes called for redemption must be surrendered to the Paying Agent to collect
      the redemption price;

     

    (f) that,
      unless the Issuers default in making such redemption payment, interest on Notes
      called for redemption ceases to accrue on and after the redemption
      date;

     

    (g) the
      paragraph of the Notes and/or Section of this Indenture pursuant to which the
      Notes called for redemption are being redeemed; and

     

    (h) that
      no
      representation is made as to the correctness or accuracy of the CUSIP number,
      if
      any, listed in such notice or printed on the Notes.

     

    At
      the
      Issuers’ request, the Trustee shall give the notice of redemption in the
      Issuers’ name and at their expense; provided,
      however,
      that
      each of the Issuers shall have delivered to the Trustee, at least 45 days prior
      to the redemption date, an Officers’ Certificate requesting that the Trustee
      give such notice and setting forth the information to be stated in such notice
      as provided in the preceding paragraph.

     

    SECTION
      3.04.   Effect
      of Notice of Redemption.
      Once
      notice of redemption is mailed in accordance with Section 3.03, Notes
      called for redemption become irrevocably due and payable on the redemption
      date
      at the redemption price. A notice of redemption may be conditional.

     

    SECTION
      3.05.   Deposit
      of Redemption Price. At or prior to 10:00 a.m., New York City time, on the
      redemption date, the Issuers shall deposit with the Trustee or with the Paying
      Agent money sufficient to pay the redemption price of and accrued interest
      on
      all Notes to be redeemed on that date. The Trustee or the Paying Agent shall
      promptly return to the Issuers any money deposited with the Trustee or the
      Paying Agent by the Issuers in excess of the amounts necessary to pay the
      redemption price of, and accrued interest on, all Notes to be
      redeemed.

     

    If
      the
      Issuers comply with the provisions of the preceding paragraph, on and after
      the
      redemption date, interest shall cease to accrue on the Notes or the portions
      of
      Notes called for redemption. Notwithstanding anything herein to the contrary,
      if
      a Note is redeemed on or after an interest record date but on or prior to the
      related interest payment date, then any accrued and unpaid interest shall be
      paid to the Person in whose name such Note was registered on the redemption
      date. If any Note called for redemption shall not be so paid upon surrender
      for
      redemption because of the failure of the Issuers to comply with the preceding
      paragraph, interest shall be paid on the unpaid principal, from the redemption
      date until such principal is paid, and to the extent lawful on any interest
      not
      paid on such unpaid principal, in each case at the rate provided in the Notes
      and in Section 4.01.

     

    SECTION
      3.06.   Notes
      Redeemed in Part.
      Upon
      surrender of a Note that is redeemed in part, the Issuers shall issue and,
      upon
      the Issuers’ written request, the Trustee shall authenticate for the Holder at
      the expense of the Issuers a new Note equal in principal amount to the
      unredeemed portion of the Note surrendered.

     

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

     

    SECTION
      3.07.   Optional
      Redemption.

     

    (a) Except
      as
      set forth in clause (b) of this Section 3.07, the Issuers shall not
      have the option to redeem the Notes pursuant to this Section 3.07 prior to
      October 1, 2010. On or after October 1, 2010, the Issuers shall have the
      option to redeem the Notes, in whole or in part, upon not less than 30 nor
      more
      than 60 days’ notice, at the applicable redemption prices (expressed as
      percentages of the principal amount of the Notes) set forth below plus accrued
      and unpaid interest thereon, if any, to the applicable redemption date, if
      redeemed during the twelve-month period beginning on October 1 of the years
      indicated below:

     

    

      
        	
                 

                Year

              	
                 

                Percentage

              
	
                2010

              	
                105.125%

              
	
                2011

              	
                102.563%

              
	
                2012
                  and thereafter

              	
                100.000%

              
	 	 

      

    

     

    (b) Notwithstanding
      the provisions of clause (a) of this Section 3.07, at any time prior
      to October 1, 2009, the Issuers may, on any one or more occasions, redeem
      up to 35% of the original aggregate principal amount of the Notes (including
      the
      principal amount of any Additional Notes) issued under this Indenture on a
      pro
      rata basis (or nearly as pro rata as practicable) at a redemption price of
      110.25% of the principal amount thereof, plus accrued and unpaid interest,
      if
      any, to the redemption date, with the net cash proceeds of one or more Equity
      Offerings; provided
      that:

     

    (i) at
      least
      65% of the original
      aggregate principal amount of Notes (including the principal amount of any
      Additional Notes) issued under this Indenture must remain outstanding
      immediately after the occurrence of such redemption (excluding Notes held by
      the
      Issuers and their Subsidiaries); and

     

    (ii) the
      redemption must occur within 60 days of the date of the closing of such Equity
      Offering.

     

    Any
      redemption pursuant to this Section 3.07 shall be made pursuant to the
      provisions of Section 3.01 through 3.06.

     

    SECTION
      3.08.   Mandatory
      Redemption or Repurchase.
      Except
      as otherwise provided in Section 4.11 or Section 4.16 below, the
      Issuers shall not be required to make mandatory redemption payments with respect
      to the Notes or be required to repurchase any Notes.

     

    SECTION
      3.09.   Offer
      to Purchase by Application of Excess Proceeds. In the event that the Issuers
      shall be required to commence an offer to all Holders to purchase Notes pursuant
      to Section 4.11 (an “Asset Sale Offer“), they shall follow the procedures
      specified below.

     

    The
      Asset
      Sale Offer shall remain open for a period of 20 Business Days following its
      commencement and no longer, except to the extent that a longer period is
      required by applicable law (the “Offer
      Period”).
      No
      later than five Business Days after the termination of the Offer Period (any
      such date of purchase, the “Purchase
      Date”),
      the
      Issuers shall purchase the principal amount of Notes required to be purchased
      pursuant to Section 4.11 (the “Offer
      Amount”)
      or, if

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

       

       

      less
        than
        the Offer Amount has been tendered, all Notes tendered in response to the
        Asset
        Sale Offer. Payment for any Notes so purchased shall be made in the same
        manner
        as interest payments are made. Unless the Issuers default in making such
        payment, any Note accepted for payment pursuant to the Asset Sale Offer shall
        cease to accrue interest after the Purchase Date.

    

     

    The
      Issuers shall comply with the requirements of Rule 14e-1 under the Exchange
      Act (or any successor rules) and any other securities laws and regulations
      thereunder to the extent such laws and regulations are applicable in connection
      with the repurchase of the Notes pursuant to an Asset Sale Offer. To the extent
      that the provisions of any securities laws or regulations conflict with the
      provisions of this Section 3.09, the Issuers’ compliance with such laws and
      regulations shall not in and of itself cause a breach of their obligations
      under
      this Section 3.09.

     

    Notwithstanding
      anything to the contrary in this Indenture, if the Purchase Date is on or after
      an interest record date and on or before the related interest payment date,
      any
      accrued and unpaid interest shall be paid to the Person in whose name a Note
      is
      registered on the Purchase Date.

     

    Upon
      the
      commencement of an Asset Sale Offer the Issuers shall send, by first class
      mail,
      a notice to the Trustee and each of the Holders, with a copy to the Trustee.
      The
      notice shall contain all instructions and materials necessary to enable such
      Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer
      shall be made to all Holders. The notice, which shall govern the terms of the
      Asset Sale Offer, shall state:

     

    (a) that
      the
      Asset Sale Offer is being made pursuant to this Section 3.09 and
      Section 4.11 and the length of time the Asset Sale Offer shall remain
      open;

     

    (b) the
      Offer
      Amount, the purchase price and the Purchase Date;

     

    (c) that
      any
      Note not tendered or accepted for payment shall continue to accrue
      interest;

     

    (d) that,
      unless the Issuers default in making such payment, any Note accepted for payment
      pursuant to the Asset Sale Offer shall cease to accrue interest after the
      Purchase Date;

     

    (e) that
      Holders electing to have a Note purchased pursuant to an Asset Sale Offer may
      elect to have Notes purchased in integral multiples of $1,000 only;

     

    (f) that
      Holders electing to have a Note purchased pursuant to any Asset Sale Offer
      shall
      be required to surrender the Note, with the form entitled “Option
      of Holder to Elect Purchase”
on
      the
      reverse of the Note completed, or transfer by book-entry transfer, to the
      Issuers, a depositary, if appointed by the Issuers, or a Paying Agent at the
      address specified in the notice at least three Business Days before the Purchase
      Date;

     

    (g) that
      Holders shall be entitled to withdraw their election if the Issuers, the
      depositary or the Paying Agent, as the case may be, receives, not later than
      the
      expiration of the Offer Period, a telegram, telex, facsimile transmission or
      letter setting forth the name of the Holder, the principal amount of the Note
      the Holder delivered for purchase and a statement that such Holder is
      withdrawing his election to have such Note purchased;

     

     

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

     

    (h) that,
      if
      the aggregate principal amount of Notes surrendered by Holders exceeds the
      Offer
      Amount, the Issuers shall select the Notes to be purchased on a pro rata basis
      (with such adjustments as may be deemed appropriate by the Issuers so that
      only
      Notes in denominations of $1,000, or integral multiples thereof, shall be
      purchased); and

     

    (i) that
      Holders whose Notes were purchased only in part shall be issued new Notes equal
      in principal amount to the unpurchased portion of the Notes surrendered (or
      transferred by book-entry transfer).

     

    On
      or
      before the Purchase Date, the Issuers shall, to the extent lawful, accept for
      payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes
      or portions thereof tendered pursuant to the Asset Sale Offer or if less than
      the Offer Amount has been tendered, all Notes tendered, and shall deliver to
      the
      Trustee an Officers’ Certificate stating that such Notes or portions thereof
      were accepted for payment by the Issuers in accordance with the terms of this
      Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case
      may be, shall promptly (but in any case not later than five days after the
      Purchase Date) mail or deliver to each tendering Holder an amount equal to
      the
      purchase price of the Notes tendered by such Holder and accepted by the Issuers
      for purchase, and the Issuers shall promptly issue a new Note, and the Trustee,
      upon written request from the Issuers, shall authenticate and mail or deliver
      such new Note to such Holder, in a principal amount equal to any unpurchased
      portion of the Note surrendered. Any Note not so accepted shall be promptly
      mailed or delivered by the Issuers to the Holder thereof. The Issuers shall
      publicly announce the results of the Asset Sale Offer on the Purchase
      Date.

     

       
      ARTICLE IV  

     

    COVENANTS

     

    SECTION
      4.01.   Payment
      of Notes.
      The
      Issuers shall pay or cause to be paid the principal, premium, if any, and
      interest on the Notes on the dates and in the manner provided in the Notes.
      Principal, premium, if any, and interest shall be considered paid on the date
      due if the Paying Agent, if other than the Issuers or a Subsidiary thereof,
      holds as of 10:00 a.m. New York City time on the due date money deposited by
      the
      Issuers in immediately available funds and designated for and sufficient to
      pay
      all principal, premium, if any, and interest then due. The Issuers shall pay
      all
      Special Interest, if any, in the same manner on the dates and in the amounts
      set
      forth in any Registration Rights Agreement.

     

    The
      Issuers shall pay interest (including post-petition interest in any proceeding
      under any Bankruptcy Law) on overdue principal at the then applicable interest
      rate on the Notes; they shall pay interest (including post-petition interest
      in
      any proceeding under any Bankruptcy Law) on overdue installments of interest
      (without regard to any applicable grace period) at the same rate to the extent
      lawful.

     

    SECTION
      4.02.   Maintenance
      of Office or Agency.
      The
      Issuers shall maintain an office or agency (which may be an office of the
      Trustee or an affiliate of the Trustee, Registrar or co-registrar) where Notes
      may be surrendered for registration of transfer or for exchange and where
      notices and demands to or upon the Issuers in respect of the Notes and this
      Indenture may be 

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

       

       

      served.
        The Issuers shall give prompt written notice to the Trustee of the location,
        and
        any change in the location, of such office or agency. If at any time the
        Issuers
        shall fail to maintain any such required office or agency or shall fail to
        furnish the Trustee with the address thereof, such presentations, surrenders,
        notices and demands may be made or served at the Corporate Trust Office of
        the
        Trustee.

    

     

    The
      Issuers may also from time to time designate one or more other offices or
      agencies where the Notes may be presented or surrendered for any or all such
      purposes and may from time to time rescind such designations. The Issuers shall
      give prompt written notice to the Trustee of any such designation or rescission
      and of any change in the location of any such other office or
      agency.

     

    The
      Issuers hereby designate The Bank of New York Trust Company, NA, at 2 North
      LaSalle Street, Suite 1020; Chicago, Illinois 60602; Attn: Corporate Trust
      Department, as one such office or agency of the Issuers in accordance with
      Section 2.03.

     

    SECTION
      4.03.   Reports.

     

    (a) Whether
      or not required by the SEC, so long as any Notes are outstanding, the Issuers
      shall furnish to the Holders of Notes, within the time periods specified in
      the
      SEC’s rules and regulations:

     

    (1) all
      quarterly and annual financial information that would be required to be
      contained in a filing with the SEC on Forms 10-Q and 10-K if the Issuers were
      required to file such forms, including a “Management’s Discussion and Analysis
      of Financial Condition and Results of Operations” section and, with respect to
      the annual information only, a report on the annual consolidated financial
      statements of the Company of its independent public accountants;
      and

     

    (2) all
      current reports that would be required to be filed with the SEC on Form 8-K
      if
      the Issuers were required to file such reports.

     

    (b) While
      (a) any Parent of the Company that guarantees the Notes is subject to the
      reporting obligations of Section 13 or 15(d) of the Exchange Act (including
      pursuant to the terms of its Indebtedness), (b) the rules and regulations
      of the SEC permit the Company and any such Parent to report at the level of
      such
      Parent on a consolidated basis and (c) such Parent is not engaged in any
      business in any material respect other than incidental to its direct or indirect
      ownership of the Capital Stock of the Company, such consolidated reporting
      at
      such Parent level in a manner consistent with that described in this Section
      4.03 for the Company shall satisfy this Section 4.03; provided
      that
      such Parent includes in its reports information about the Company that is
      required to be provided by a parent guaranteeing debt of an operating company
      subsidiary pursuant to Rule 3-10 of Regulation S-X or any successor
      rule then in effect.

     

    For
      any
      fiscal quarter or fiscal year at the end of which Subsidiaries of the Company
      are Unrestricted Subsidiaries, the quarterly and annual financial information
      required by the preceding paragraph shall include a reasonably detailed
      presentation, either on the face of the financial statements or in the footnotes
      thereto, and in Management’s Discussion and Analysis of Financial Condition and
      Results of Operations, of the financial condition and results of 

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

     

    operations
      of the Company and its Restricted
      Subsidiaries separate from the financial condition and results of operations
      of
      the Unrestricted Subsidiaries of the Company.

     

    In
      addition, after consummation of the Registered Exchange Offer for the Initial
      Notes, whether or not required by the SEC, the Issuers shall file a copy of
      all
      of the information and reports referred to in clauses (1) and (2) above with
      the
      SEC for public availability within the time periods specified in the SEC’s rules
      and regulations, unless the SEC will not accept such a filing, and make such
      information available to securities analysts and prospective investors upon
      request.

     

    SECTION
      4.04.   Compliance
      Certificate.

     

    (a) The
      Issuers shall deliver to the Trustee, within 90 days after the end of each
      fiscal year, an Officers’ Certificate stating that a review of the activities of
      the Issuers and their Subsidiaries during the preceding fiscal year has been
      made under the supervision of the signing Officers with a view to determining
      whether the Issuers have kept, observed, performed and fulfilled their
      obligations under this Indenture, and further stating, as to each such Officer
      signing such certificate, that to the best of his or her knowledge the Issuers
      have kept, observed, performed and fulfilled each and every covenant contained
      in this Indenture and are not in default in the performance or observance of
      any
      of the terms, provisions and conditions of this Indenture (or, if a Default
      or
      Event of Default shall have occurred, describing all such Defaults or Events
      of
      Default of which he or she may have knowledge and what action the Issuers are
      taking or propose to take with respect thereto).

     

    (b) The
      Issuers shall, so long as any of the Notes are outstanding, deliver to the
      Trustee, forthwith upon any Officer becoming aware of any Default or Event
      of
      Default, an Officers’ Certificate specifying such Default or Event of Default
      and what action the Issuers are taking or propose to take with respect
      thereto.

     

    SECTION
      4.05.   Taxes.
      The
      Company shall pay, and shall cause each of its Restricted Subsidiaries to pay,
      prior to delinquency, all material taxes, assessments, and governmental levies
      except such as are contested in good faith and by appropriate proceedings or
      where the failure to effect such payment is not likely to result in a material
      adverse effect on the Company and its Restricted Subsidiaries taken as a
      whole.

     

    SECTION
      4.06.   Stay,
      Extension and Usury Laws. Each of the Issuers covenants (to the extent that
      it may lawfully do so) that it shall not at any time insist upon, plead, or
      in
      any manner whatsoever claim or take the benefit or advantage of, any stay,
      extension or usury law wherever enacted, now or at any time hereafter in force,
      that may affect the covenants or the performance of this Indenture; and each
      of
      the Issuers (to the extent that it may lawfully do so) hereby expressly waives
      all benefit or advantage of any such law, and covenants that it shall not,
      by
      resort to any such law, hinder, delay or impede the execution of any power
      herein granted to the Trustee, but shall suffer and permit the execution of
      every such power as though no such law has been enacted.

     

    SECTION
      4.07.   Restricted
      Payments. The Company shall not, and shall not permit any of its Restricted
      Subsidiaries to, directly or indirectly:

     

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

    (a) declare
      or pay any dividend or make any other payment or distribution on account of
      its
      or any of its Restricted Subsidiaries’ Equity Interests (including any payment
      in connection with any merger or consolidation involving the Company or any
      of
      its Restricted Subsidiaries) or to the direct or indirect holders of the
      Company’s or any of its Restricted Subsidiaries’ Equity Interests in their
      capacity as such (other than dividends or distributions payable (x) solely
      in Equity Interests (other than Disqualified Stock) of the Company or (y) in
      the
      case of the Company and its Restricted Subsidiaries, to the Company or a
      Restricted Subsidiary thereof);

     

    (b) purchase,
      redeem or otherwise acquire or retire for value (including in connection with
      any merger or consolidation involving the Company or any of its Restricted
      Subsidiaries) any Equity Interests of the Company or any direct or indirect
      Parent of the Company or any Restricted Subsidiary of the Company (other than,
      in the case of the Company and its Restricted Subsidiaries, any such Equity
      Interests owned by the Company or any of its Restricted Subsidiaries);
      or

     

    (c) make
      any
      payment on or with respect to, or purchase, redeem, defease or otherwise acquire
      or retire for value, any Indebtedness of the Company that is subordinated to
      the
      Notes, except a payment of interest or principal at the Stated Maturity thereof
      

     

    (all
      such
      payments and other actions set forth in clauses (a) through (c) above are
      collectively referred to as “Restricted
      Payments”),
      unless, at the time of and after giving effect to such Restricted
      Payment:

     

    (1) no
      Default or Event of Default shall have occurred and be continuing or would
      occur
      as a consequence thereof; and

     

    (2) the
      Company would, at the time of such Restricted Payment and after giving pro
      forma
      effect thereto as if such Restricted Payment had been made at the beginning
      of
      the applicable quarter period, have been permitted to incur at least $1.00
      of
      additional Indebtedness pursuant to the Leverage Ratio test set forth in the
      first paragraph of Section 4.10; and

     

    (3) such
      Restricted Payment, together with the aggregate amount of all other Restricted
      Payments made by the Company and its Restricted Subsidiaries from and after
      the
      Existing Notes Issue Date (excluding Restricted Payments permitted by
      clauses (2), (3), (4), (5), (6), (7), (8) and (9) of the next succeeding
      paragraph), shall not exceed, at the date of determination, the sum of the
      following:

     

    (a) an
      amount
      equal to 100% of the Consolidated EBITDA of the Company for the period beginning
      on the first day of the fiscal quarter immediately preceding the Existing Notes
      Issue Date to the end of the Company’s most recently ended full fiscal quarter
      for which internal financial statements are available, taken as a single
      accounting period, less the product of 1.3 times the Consolidated Interest
      Expense of the Company for such period, plus

     

    (b) an
      amount
      equal to 100% of Capital Stock Sale Proceeds less any amount of such Capital
      Stock Sale Proceeds used in connection with an

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

     

    Investment
      made on or after the Existing Notes Issue
      Date pursuant to clause (5) of the definition of “Permitted
      Investments,”
      plus

     

    (c) $100
      million.

     

    So
      long
      as no Default has occurred and is continuing or would be caused thereby, the
      preceding provisions shall not prohibit:

     

    (1) the
      payment of any dividend within 60 days after the date of declaration thereof,
      if
      at said date of declaration such payment would have complied with the provisions
      of this Indenture;

     

    (2) the
      redemption, repurchase, retirement, defeasance or other acquisition of any
      subordinated Indebtedness of the Company in exchange for, or out of the net
      proceeds of, the substantially concurrent sale (other than to a Subsidiary
      of
      the Company) of Equity Interests of the Company (other than Disqualified Stock);
      provided
      that the
      amount of any such net cash proceeds that are utilized for any such redemption,
      repurchase, retirement, defeasance or other acquisition shall be excluded from
      clause (3)(b) of the preceding paragraph;

     

    (3) the
      defeasance, redemption, repurchase or other acquisition of subordinated
      Indebtedness of the Company or any of its Restricted Subsidiaries with the
      net
      cash proceeds from an incurrence of Permitted Refinancing
      Indebtedness;

     

    (4) regardless
      of whether a Default then exists, the payment of any dividend or distribution
      made in respect of any calendar year or portion thereof during which the Company
      or any of its Subsidiaries is a Person that is not treated as a separate tax
      paying entity for United States federal income tax purposes by the Company
      and
      its Subsidiaries (directly or indirectly) to the direct or indirect holders
      of
      the Equity Interests of the Company or its Subsidiaries that are Persons that
      are treated as a separate tax paying entity for United States federal income
      tax
      purposes, in an amount sufficient to permit each such holder to pay the actual
      income taxes (including required estimated tax installments) that are required
      to be paid by it with respect to the taxable income of any Parent (through
      its
      direct or indirect ownership of the Company and/or its Subsidiaries), the
      Company, its Subsidiaries or any Unrestricted Subsidiary, as applicable, in
      any
      calendar year, as estimated in good faith by the Company or its Subsidiaries,
      as
      the case may be;

     

    (5) regardless
      of whether a Default then exists, the payment of any dividend by a Restricted
      Subsidiary of the Company to the holders of its common Equity Interests on
      a pro
      rata basis;

     

    (6) the
      repurchase, redemption or other acquisition or retirement for value, or the
      payment of any dividend or distribution to the extent necessary to permit the
      repurchase, redemption or other acquisition or retirement for value, of any
      Equity Interests of the Company or a Parent of the Company held by any member
      of
      the Company’s, such Parent’s or any Restricted Subsidiary’s management pursuant
      to any management equity subscription agreement or stock option agreement
      entered into in 

     

     

    
      
        
        

      

      
        47

        
          

        

      

      
        
        

      

       

       

      accordance
        with the policies of the Company, any Parent or any Restricted Subsidiary;
        provided
        that the
        aggregate price paid for all such repurchased, redeemed, acquired or retired
        Equity Interests shall not exceed $10 million in any fiscal year of the
        Issuers;

    

     

    (7) payment
      of fees in connection with any acquisition, merger or similar transaction in
      an
      amount that does not exceed an amount equal to 1.25% of the transaction value
      of
      such acquisition, merger or similar transaction; 

     

    (8) additional
      Restricted Payments directly or indirectly to CCH I or any other Parent
      (i) regardless of whether a Default exists (other than a Default under
      Section 6.01(1), (2), (7) or (8)), for the purpose of enabling Charter
      Holdings, CIH, CCH I or any Charter Refinancing Subsidiary to pay interest
      when
      due on Indebtedness under the Charter Holdings Indentures, the CIH Indenture,
      the CCH I Indenture and/or any Charter Refinancing Indebtedness, (ii) for
      the purpose of enabling CCI and/or any Charter Refinancing Subsidiary to pay
      interest when due on Indebtedness under the CCI Indentures and/or any Charter
      Refinancing Indebtedness and (iii) so long as the Company would have been
      permitted, at the time of such Restricted Payment and after giving pro forma
      effect thereto as if such Restricted Payment had been made at the beginning
      of
      the applicable quarter period, to incur at least $1.00 of additional
      Indebtedness pursuant to the Leverage Ratio test set forth in the first
      paragraph of Section 4.10, (A) to the extent required to enable
      Charter Holdings, CIH, CCH I, CCI or any Charter Refinancing Subsidiary to
      defease, redeem, repurchase, prepay, repay, discharge or otherwise acquire
      or
      retire Indebtedness under the Charter Holdings Indentures, the CIH Indenture,
      the CCH I Indenture, the CCI Indentures or any Charter Refinancing Indebtedness
      (including any expenses incurred by any Parent in connection therewith) or
      (B) consisting of purchases, redemptions or other acquisitions by the
      Company or its Restricted Subsidiaries of Indebtedness under the Charter
      Holdings Indentures, the CIH Indenture, the CCH I Indenture, the CCI Indentures
      or any Charter Refinancing Indebtedness (including any expenses incurred by
      the
      Company and its Restricted Subsidiaries in connection therewith) and the
      distribution, loan to or investment in any Parent of Indebtedness so purchased,
      redeemed or acquired; and

     

    (9) Restricted
      Payments that are part of the Exchange Offers.

     

    The
      amount of all Restricted Payments (other than cash) shall be the fair market
      value on the date of the Restricted Payment of the asset(s) or securities
      proposed to be transferred or issued by the Company or any of its Restricted
      Subsidiaries pursuant to the Restricted Payment. The fair market value of any
      assets or securities that are required to be valued by this covenant shall
      be
      determined by the Board of Directors of the Company, whose resolution with
      respect thereto shall be delivered to the Trustee. Such Board of Directors’
determination must be based upon an opinion or appraisal issued by an
      accounting, appraisal or investment banking firm of national standing if the
      fair market value exceeds $100 million.

     

    Not
      later
      than the date of making any Restricted Payment involving an amount or fair
      market value in excess of $10 million, the Issuers shall deliver to the Trustee
      an Officers’ Certificate stating that such Restricted Payment is permitted and
      setting forth the basis upon 

     

    
      
        
        

      

      
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    which
      the calculations required by this
      Section 4.07 were computed, together with a copy of
      any
      fairness opinion or appraisal required by this Indenture.

     

    SECTION
      4.08.   Investments.
      The
      Company shall not, and shall not permit any of its Restricted Subsidiaries
      to,
      directly or indirectly:

     

    (1) make
      any
      Restricted Investment; or

     

    (2) allow
      any
      of its Restricted Subsidiaries to become an Unrestricted
      Subsidiary,

     

    unless,
      in each case:

     

    (a) no
      Default or Event of Default shall have occurred and be continuing or would
      occur
      as a consequence thereof; and

     

    (b) the
      Company would, at the time of, and after giving effect to, such Restricted
      Investment or such designation of a Restricted Subsidiary as an Unrestricted
      Subsidiary, have been permitted to incur at least $1.00 of additional
      Indebtedness pursuant to the Leverage Ratio test set forth in the first
      paragraph of Section 4.10.

     

    An
      Unrestricted Subsidiary may be redesignated as a Restricted Subsidiary if such
      redesignation would not cause a Default.

     

    SECTION
      4.09.   Dividend
      and Other Payment Restrictions Affecting Subsidiaries.
      The
      Company shall not, directly or indirectly, create, or permit to exist or become
      effective any encumbrance or restriction on the ability of any of its Restricted
      Subsidiaries to:

     

    (1) pay
      dividends or make any other distributions on its Capital Stock to the Company
      or
      any of its Restricted Subsidiaries, or with respect to any other interest or
      participation in, or measured by, its profits, or pay any Indebtedness owed
      to
      the Company or any of its Restricted Subsidiaries;

     

    (2) make
      loans or advances to the Company or any of its Restricted Subsidiaries;
      or

     

    (3) transfer
      any of its properties or assets to the Company or any of its Restricted
      Subsidiaries.

     

    However,
      the preceding restrictions shall not apply to encumbrances or restrictions
      existing under or by reason of:

     

    (1) Existing
      Indebtedness, contracts and other instruments as in effect on the Issue Date
      and
      any amendments, modifications, restatements, renewals, increases, supplements,
      refundings, replacements or refinancings thereof; provided
      that
      such amendments, modifications, restatements, renewals, increases, supplements,
      refundings, replacements or refinancings are not materially more restrictive,
      taken as a whole, with 

     

    
      
        
        

      

      
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    respect
      to such dividend and other payment
      restrictions than those contained in the most restrictive Existing Indebtedness,
      contracts or other instruments, as in effect on the Issue Date;

     

    (2) applicable
      law;

     

    (3) any
      instrument governing Indebtedness or Capital Stock of a Person acquired by
      the
      Company or any of its Restricted Subsidiaries as in effect at the time of such
      acquisition (except to the extent such Indebtedness was incurred in connection
      with or in contemplation of such acquisition), which encumbrance or restriction
      is not applicable to any Person, or the properties or assets of any Person,
      other than the Person, or the property or assets of the Person, so acquired;
      provided
      that, in
      the case of Indebtedness, such Indebtedness was permitted by the terms of this
      Indenture to be incurred;

     

    (4) customary
      non-assignment provisions in leases, franchise agreements and other commercial
      agreements entered into in the ordinary course of business;

     

    (5) purchase
      money obligations for property acquired in the ordinary course of business
      that
      impose restrictions on the property so acquired of the nature described in
      clause (3) of the preceding paragraph;

     

    (6) any
      agreement for the sale or other disposition of Capital Stock or assets of a
      Restricted Subsidiary of the Company that restricts distributions by such
      Restricted Subsidiary pending such sale or other disposition;

     

    (7) Permitted
      Refinancing Indebtedness; provided
      that the
      restrictions contained in the agreements governing such Permitted Refinancing
      Indebtedness are not materially more restrictive at the time such restrictions
      become effective, taken as a whole, than those contained in the agreements
      governing the Indebtedness being refinanced;

     

    (8) Liens
      securing Indebtedness or other obligations otherwise permitted to be incurred
      under Section 4.14 that limit the right of the Company or any of its
      Restricted Subsidiaries to dispose of the assets subject to such
      Lien;

     

    (9) provisions
      with respect to the disposition or distribution of assets or property in joint
      venture agreements and other similar agreements entered into in the ordinary
      course of business;

     

    (10) restrictions
      on cash or other deposits or net worth imposed by customers under contracts
      entered into in the ordinary course of business;

     

    (11) restrictions
      contained in the terms of Indebtedness or Preferred Stock permitted to be
      incurred under Section 4.10; provided
      that
      such restrictions are not materially more restrictive, taken as a whole, than
      the terms contained in the most restrictive, together or individually, of the
      Credit Facilities and other Existing Indebtedness as in effect on the Issue
      Date; and

     

     

    
      
        
        

      

      
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    (12) restrictions
      that are not materially more restrictive, taken as a whole, than customary
      provisions in comparable financings and that the management of the Company
      determines, at the time of such financing, will not materially impair the
      Issuers’ ability to make payments as required under the Notes.

     

    SECTION
      4.10.   Incurrence
      of Indebtedness and Issuance of Preferred Stock.
      The
      Company shall not, and shall not permit any of its Restricted Subsidiaries
      to,
      directly or indirectly, create, incur, issue, assume, guarantee or otherwise
      become directly or indirectly liable, contingently or otherwise, with respect
      to
      (collectively, “incur”) any Indebtedness (including Acquired Debt) and the
      Company shall not issue any Disqualified Stock and shall not permit any of
      its
      Restricted Subsidiaries to issue any shares of Disqualified Stock or Preferred
      Stock, provided that the Company or any of its Restricted Subsidiaries may
      incur
      Indebtedness, the Company may issue Disqualified Stock and, subject to the
      final
      paragraph of this covenant below, Restricted Subsidiaries of the Company may
      issue Preferred Stock if the Leverage Ratio of the Company and its Restricted
      Subsidiaries would have been not greater than 5.5 to 1.0 determined on a pro
      forma basis (including a pro forma application of the net proceeds therefrom),
      as if the additional Indebtedness had been incurred, or the Disqualified Stock
      or Preferred Stock had been issued, as the case may be, at the beginning of
      the
      most recently ended fiscal quarter.

     

    So
      long
      as no Default shall have occurred and be continuing or would be caused thereby,
      the first paragraph of this covenant shall not prohibit the incurrence of any
      of
      the following items of Indebtedness (collectively, “Permitted
      Debt“):

     

    (1) the
      incurrence by the Company and its Restricted Subsidiaries of Indebtedness under
      Credit Facilities; provided
      that the
      aggregate principal amount of all Indebtedness of the Company and its Restricted
      Subsidiaries outstanding under this clause (1) for all Credit Facilities of
      the Company and its Restricted Subsidiaries after giving effect to such
      incurrence does not exceed an amount equal to $9.75 billion less the aggregate
      amount of all Net Proceeds from Asset Sales applied by the Company or any of
      its
      Restricted Subsidiaries to repay any such Indebtedness under a Credit Facility
      pursuant to Section 4.11;

     

    (2) the
      incurrence by the Company and its Restricted Subsidiaries of Existing
      Indebtedness (other than under Credit Facilities);

     

    (3) the
      incurrence on the Issue Date by the Company of Indebtedness represented by
      the
      Notes (but not including any Additional Notes);

     

    (4) the
      incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
      represented by Capital Lease Obligations, mortgage financings or purchase money
      obligations, in each case, incurred for the purpose of financing all or any
      part
      of the purchase price or cost of construction or improvement (including the
      cost
      of design, development, construction, acquisition, transportation, installation,
      improvement, and migration) of Productive Assets of the Company or any of its
      Restricted Subsidiaries, in an aggregate principal amount not to exceed,
      together with any related Permitted 

     

    
      
        
        

      

      
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    Refinancing
      Indebtedness permitted by clause (5)
      below, $75 million at any time outstanding:

     

    (5) the
      incurrence by the Company or any of its Restricted Subsidiaries of Permitted
      Refinancing Indebtedness in exchange for, or the net proceeds of which are
      used
      to refund, refinance or replace, in whole or in part, Indebtedness (other than
      intercompany Indebtedness) that was permitted by this Indenture to be incurred
      under this clause (5), the first paragraph of this covenant or
      clauses (2), (3) or (4) of this paragraph;

     

    (6) the
      incurrence by the Company or any of its Restricted Subsidiaries of intercompany
      Indebtedness between or among the Company and any of its Restricted
      Subsidiaries; provided
      that:

     

    (a) if
      the
      Company is the obligor on such Indebtedness, such Indebtedness must be expressly
      subordinated to the prior payment in full in cash of all Obligations with
      respect to the Notes; and

     

    (b) (i) any
      subsequent issuance or transfer of Equity Interests that results in any such
      Indebtedness being held by a Person other than the Company or a Restricted
      Subsidiary thereof and (ii) any sale or other transfer of any such
      Indebtedness to a Person that is not either the Company or a Restricted
      Subsidiary thereof, shall be deemed, in each case, to constitute an incurrence
      of such Indebtedness that was not permitted by this
      clause (6);

     

    (7) the
      incurrence by the Company or any of its Restricted Subsidiaries of Hedging
      Obligations that are incurred for the purpose of fixing or hedging interest
      rate
      risk with respect to any floating rate Indebtedness that is permitted by the
      terms of this Indenture to be outstanding;

     

    (8) the
      guarantee by the Company or any of its Restricted Subsidiaries of Indebtedness
      of a Restricted Subsidiary of the Company that was permitted to be incurred
      by
      another provision of this Section 4.10;

     

    (9) the
      incurrence by the Company or any of its Restricted Subsidiaries of additional
      Indebtedness in an aggregate principal amount at any time outstanding under
      this
      clause (9), not to exceed $300 million; and

     

    (10) the
      accretion or amortization of original issue discount and the write up of
      Indebtedness in accordance with purchase accounting.

     

    For
      purposes of determining compliance with this Section 4.10, any Indebtedness
      under Credit Facilities outstanding on the Issue Date shall be deemed to have
      been incurred pursuant to clause (1) above, and, in the event that an item
      of proposed Indebtedness (other than any Indebtedness initially deemed on the
      Issue Date to be incurred under clause (1) above) (a) meets the
      criteria of more than one of the categories of Permitted Debt described in
      clauses (1) through (10) above or (b) is entitled to be incurred
      pursuant to the first paragraph of this covenant, the Company shall be permitted
      to classify and from time to time to reclassify such item of Indebtedness in
      any
      manner that complies with this covenant.  Once any item of Indebtedness is

     

     

    
      
        
        

      

      
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      so
        reclassified, it shall no longer be deemed outstanding under the category
        of
        Permitted Debt where initially incurred or previously reclassified. For
        avoidance of doubt, Indebtedness incurred pursuant to a single agreement,
        instrument, program, facility or line of credit may be classified as
        Indebtedness arising in part under one of the clauses listed above or under
        the
        first paragraph of this covenant, and in part under any one or more of the
        clauses listed above, to the extent that such Indebtedness satisfies the
        criteria for such classification.

    

     

    Notwithstanding
      the foregoing, in no event shall any Restricted Subsidiary of the Company
      consummate a Subordinated Debt Financing or a Preferred Stock Financing. A
      “Subordinated
      Debt Financing”
or
      a
“Preferred
      Stock Financing,”
as
      the
      case may be, with respect to any Restricted Subsidiary of the Company shall
      mean
      a public offering or private placement (whether pursuant to Rule 144A under
      the Securities Act or otherwise) of Subordinated Notes or Preferred Stock
      (whether or not such Preferred Stock constitutes Disqualified Stock), as the
      case may be, of such Restricted Subsidiary to one or more purchasers (other
      than
      to one or more Affiliates of the Company). “Subordinated
      Notes”
with
      respect to any Restricted Subsidiary of the Company shall mean Indebtedness
      of
      such Restricted Subsidiary that is contractually subordinated in right of
      payment to any other Indebtedness of such Restricted Subsidiary (including
      Indebtedness under Credit Facilities), provided
      that the
      foregoing shall not apply to priority of Liens, including by way of
      intercreditor arrangements. The foregoing limitation shall not apply
      to:

     

    (a) any
      Indebtedness or Preferred Stock of any Person existing at the time such Person
      is merged with or into or becomes a Subsidiary of the Company; provided
      that
      such Indebtedness or Preferred Stock was not incurred or issued in connection
      with, or in contemplation of, such Person merging with or into, or becoming
      a
      Subsidiary of, the Company, and

     

    (b) any
      Indebtedness or Preferred Stock of a Restricted Subsidiary issued in connection
      with, and as part of the consideration for, an acquisition, whether by stock
      purchase, asset sale, merger or otherwise, in each case involving such
      Restricted Subsidiary, which Indebtedness or Preferred Stock is issued to the
      seller or sellers of such stock or assets; provided
      that
      such Restricted Subsidiary is not obligated to register such Indebtedness or
      Preferred Stock under the Securities Act or obligated to provide information
      pursuant to Rule 144A under the Securities Act.

     

    SECTION
      4.11.   Limitation
      on Asset Sales.
      The
      Company shall not, and shall not permit any of its Restricted Subsidiaries
      to,
      consummate an Asset Sale unless:

     

    (1) the
      Company or such Restricted Subsidiary receives consideration at the time of
      such
      Asset Sale at least equal to the fair market value of the assets or Equity
      Interests issued or sold or otherwise disposed of;

     

    (2) such
      fair
      market value is determined by the Board of Directors of the Company and
      evidenced by a resolution of such Board of Directors set forth in an Officers’
Certificate delivered to the Trustee; and

     

     

    
      
        
        

      

      
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    (3) at
      least
      75% of the consideration therefor received by the Company or such Restricted
      Subsidiary is in the form of cash, Cash Equivalents or readily marketable
      securities.

     

    For
      purposes of this Section 4.11, each of the following shall be deemed to be
      cash:

     

    (a) any
      liabilities (as shown on the Company’s or such Restricted Subsidiary’s most
      recent balance sheet) of the Company or any Restricted Subsidiary (other than
      contingent liabilities and liabilities that are by their terms subordinated
      to
      the Notes) that are assumed by the transferee of any such assets pursuant to
      a
      customary novation agreement that releases the Company or such Restricted
      Subsidiary from further liability;

     

    (b) any
      securities, notes or other obligations received by the Company or any such
      Restricted Subsidiary from such transferee that are converted by the recipient
      thereof into cash, Cash Equivalents or readily marketable securities within
      60
      days after receipt thereof (to the extent of the cash, Cash Equivalents or
      readily marketable securities received in that conversion); and

     

    (c) Productive
      Assets.

     

    Within
      365 days after the receipt of any Net Proceeds from an Asset Sale, the Company
      or a Restricted Subsidiary thereof may apply such Net Proceeds at its
      option:

     

    (1) to
      repay
      debt under Credit Facilities or any other Indebtedness of the Restricted
      Subsidiaries of the Company (other than Indebtedness represented by a guarantee
      of a Restricted Subsidiary of the Company); or

     

    (2) to
      invest
      in Productive Assets; provided
      that any
      such amount of Net Proceeds which the Company or a Restricted Subsidiary thereof
      has committed to invest in Productive Assets within 365 days of the applicable
      Asset Sale may be invested in Productive Assets within two years of such Asset
      Sale.

     

    The
      amount of any Net Proceeds received from Asset Sales that are not applied or
      invested as provided in the preceding paragraph shall constitute “Excess
      Proceeds.”
When
      the aggregate amount of Excess Proceeds exceeds $25 million, the Company shall
      make an Asset Sale Offer to all Holders of Notes and will repay, redeem or
      offer
      to purchase all other Indebtedness of the Company that is of equal priority
      in
      right of payment with the Notes containing provisions requiring repayment,
      redemption or offers to purchase with the proceeds of sales of assets, to
      purchase, repay or redeem, on a pro rata basis, the maximum principal amount
      of
      Notes and such other Indebtedness of the Company of equal priority that may
      be
      purchased, repaid or redeemed out of the Excess Proceeds, which amount includes
      the entire amount of the Net Proceeds. The offer price in any Asset Sale Offer
      shall be payable in cash and equal to 100% of the principal amount of the
      subject Notes plus accrued and unpaid interest, if any, to the date of purchase.
      If the aggregate principal amount of Notes tendered into such Asset Sale Offer
      and such other Indebtedness of equal priority to be purchased, repaid or
      redeemed out of the Excess Proceeds exceeds the amount of Excess Proceeds,
      the
      Trustee shall select the Notes tendered into such Asset Sale Offer and such
      other Indebtedness
      of equal priority to be purchased, repaid or redeemed on a pro rata
      basis.

     

     

    
      
        
        

      

      
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    If
      any
      Excess Proceeds remain after consummation of an Asset Sale Offer, then the
      Company or any Restricted Subsidiary thereof may use such remaining Excess
      Proceeds for any purpose not otherwise prohibited by this Indenture. Upon
      completion of any Asset Sale Offer, the amount of Excess Proceeds shall be
      reset
      at zero.

     

    In
      the
      event that the Company shall be required to commence an offer to Holders to
      purchase Notes pursuant to this Section 4.11, it shall follow the
      procedures specified in Sections 3.01 through 3.09.

     

    SECTION
      4.12.   Sale
      and Leaseback Transactions.
      The
      Company shall not, and shall not permit any of its Restricted Subsidiaries
      to,
      enter into any sale and leaseback transaction; provided that the Company and
      its
      Restricted Subsidiaries may enter into a sale and leaseback transaction
      if:

     

    (1) the
      Company or such Restricted Subsidiary could have

     

    (a) incurred
      Indebtedness in an amount equal to the Attributable Debt relating to such sale
      and leaseback transaction under the Leverage Ratio test in the first paragraph
      of Section 4.10 and

     

    (b) incurred
      a Lien to secure such Indebtedness pursuant to Section 4.14 or the
      definition of Permitted Liens; and

     

    (2) the
      transfer of assets in that sale and leaseback transaction is permitted by,
      and
      the Company or such Restricted Subsidiary applies the proceeds of such
      transaction in compliance with, Section 4.11.

     

    The
      foregoing restrictions shall not apply to a sale and leaseback transaction
      if
      the lease is for a period, including renewal rights, of not in excess of three
      years.

     

    SECTION
      4.13.   Transactions
      with Affiliates.
      The
      Company shall not, and shall not permit any of its Restricted Subsidiaries
      to,
      make any payment to, or sell, lease, transfer or otherwise dispose of any of
      its
      properties or assets to, or purchase any property or assets from, or enter
      into
      or make or amend any transaction, contract, agreement, understanding, loan,
      advance or guarantee with, or for the benefit of, any Affiliate (each, an
“Affiliate Transaction”), unless:

     

    (1) such
      Affiliate Transaction is on terms that are not less favorable to the Company
      or
      the relevant Restricted Subsidiary than those that would have been obtained
      in a
      comparable transaction by the Company or such Restricted Subsidiary with a
      Person who is not an Affiliate; and

     

    (2) the
      Company delivers to the Trustee:

     

    (a) with
      respect to any Affiliate Transaction, or series of related Affiliate
      Transactions, involving aggregate consideration given or received by the Company
      or any such Restricted Subsidiary in excess of $15 million, a resolution of
      the
      Board of Directors of the Company or CCI set forth in an Officers’ Certificate
      certifying that such Affiliate Transaction complies with this 

    
      
        
        

      

      
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    Section 4.13
      and that such Affiliate Transaction
      has been approved by a majority of the members of such Board of Directors;
      and

     

    (b) with
      respect to any Affiliate Transaction, or series of related Affiliate
      Transactions, involving aggregate consideration given or received by the Company
      or any such Restricted Subsidiary in excess of $50 million, an opinion as to
      the
      fairness to the Holders of such Affiliate Transaction from a financial point
      of
      view issued by an accounting, appraisal or investment banking firm of national
      standing.

     

    The
      following items shall not be deemed to be Affiliate Transactions and, therefore,
      shall not be subject to the provisions of the prior paragraph:

     

    (1) any
      existing employment agreement and employee benefit arrangement (including stock
      purchase or option agreements, deferred compensation plans, and retirement,
      savings or similar plans) entered into by the Company or any of its Subsidiaries
      and any employment agreement and employee benefit arrangements entered into
      by
      the Company or any of its Restricted Subsidiaries in the ordinary course of
      business;

     

    (2) transactions
      between or among the Company and/or its Restricted Subsidiaries;

     

    (3) payment
      of reasonable directors fees to Persons who are not otherwise Affiliates of
      the
      Company, and customary indemnification and insurance arrangements in favor
      of
      directors, regardless of affiliation with the Company or any of its Restricted
      Subsidiaries;

     

    (4) payment
      of Management Fees;

     

    (5) Restricted
      Payments that are permitted by Section 4.07 and Restricted Investments that
      are permitted by Section 4.08;

     

    (6) Permitted
      Investments;

     

    (7) transactions
      pursuant to agreements existing on the Issue Date, as in effect on the Issue
      Date, or as subsequently modified, supplemented, or amended, to the extent
      that
      any such modifications, supplements or amendments comply with the applicable
      provisions of the first paragraph of this Section 4.13; and

     

    (8) contributions
      to the common equity capital of the Company or the issue or sale of Equity
      Interests of the Company.

     

    SECTION
      4.14.   Liens.
      The
      Company shall not, directly or indirectly, create, incur, assume or suffer
      to
      exist any Lien of any kind securing Indebtedness, Attributable Debt or trade
      payables on any asset of the Company, whether owned on the Issue Date or
      thereafter acquired, except Permitted Liens.

     

     

    
      
        
        

      

      
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    SECTION
      4.15.   Existence.
      Subject to Article 5, the Company shall do or cause to be done all things
      necessary to preserve and keep in full force and effect (i) its limited
      liability company existence, and the corporate, partnership or other existence
      of each of its Subsidiaries, in accordance with the respective organizational
      documents (as the same may be amended from time to time) of the Company or
      any
      such Restricted Subsidiary and (ii) the rights (charter and statutory),
      licenses and franchises of the Company and its Subsidiaries; provided, however,
      that the Company shall not be required to preserve any such right, license
      or
      franchise, or the corporate, partnership or other existence of any of its
      Restricted Subsidiaries (other than Capital Corp), if the Board of Directors
      of
      the Company shall determine that the preservation thereof is no longer desirable
      in the conduct of the business of the Company and its Restricted Subsidiaries,
      taken as a whole, and that the loss thereof is not likely to result in a
      material adverse effect on the Company and its Restricted Subsidiaries taken
      as
      a whole.

     

    SECTION
      4.16.   Repurchase
      at the Option of Holders upon a Change of Control. If a Change of Control
      occurs, each Holder of Notes shall have the right to require the Issuers to
      repurchase all or any part (equal to $1,000 in principal amount, or in either
      case, an integral multiple thereof) of that Holder’s Notes pursuant to a
“Change of Control Offer.” In the Change of Control Offer, the Issuers
      shall offer a “Change of Control Payment” in cash equal to 101% of the
      aggregate principal amount of Notes repurchased plus accrued and unpaid interest
      thereon, if any, to the date of purchase.

     

    Within
      ten days following any Change of Control, the Issuers shall mail a notice to
      each Holder (with a copy to the Trustee) describing the transaction or
      transactions that constitute the Change of Control and stating:

     

    (1) the
      purchase price and the purchase date, which shall not exceed 30 Business Days
      from the date such notice is mailed (the “Change
      of Control Payment Date”);

     

    (2) that
      any
      Note not tendered shall continue to accrue interest;

     

    (3) that,
      unless the Issuers default in the payment of the Change of Control Payment,
      all
      Notes accepted for payment pursuant to the Change of Control Offer shall cease
      to accrue interest after the Change of Control Payment Date;

     

    (4) that
      Holders electing to have any Notes purchased pursuant to a Change of Control
      Offer shall be required to surrender the Notes, with the form entitled
“Option
      of Holder to Elect Purchase”
on
      the
      reverse of the Notes completed, or transfer by book-entry transfer, to the
      Issuers, a depositary, if appointed, or a Paying Agent at the address specified
      in the notice prior to the close of business on the third Business Day preceding
      the Change of Control Payment Date;

     

    (5) that
      Holders shall be entitled to withdraw their election if the Paying Agent
      receives, not later than the close of business on the second Business Day
      preceding the Change of Control Payment Date, a telegram, telex, facsimile
      transmission or letter setting forth the name of the Holder, the principal
      amount of Notes delivered for 

     

    
      
        
        

      

      
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    purchase,
      and a statement that such Holder is
      withdrawing his election to have the Notes purchased; and

     

    (6) that
      Holders whose Notes are being purchased only in part shall be issued new Notes
      equal in principal amount to the unpurchased portion of the Notes surrendered,
      which unpurchased portion must be equal to $1,000 in principal amount or an
      integral multiple thereof.

     

    The
      Issuers shall comply with the requirements of Rule 14e-1 under the Exchange
      Act (or any successor rules) and any other securities laws and regulations
      thereunder to the extent such laws and regulations are applicable in connection
      with the repurchase of the Notes as a result of a Change of Control. To the
      extent that the provisions of any securities laws or regulations conflict with
      the provisions of this Section 4.16, the Issuers’ compliance with such laws
      and regulations shall not in and of itself cause a breach of their obligations
      under this Section 4.16.

     

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

     

    (1) accept
      for payment all Notes or portions thereof properly tendered pursuant to the
      Change of Control Offer;

     

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

     

    (3) deliver
      or cause to be delivered to the Trustee the Notes so accepted together with
      an
      Officers’ Certificate stating the aggregate principal amount of Notes or
      portions thereof being purchased by the Issuers.

     

    Notwithstanding
      anything to the contrary in this Indenture, if the Change of Control Payment
      Date is on or after an interest record date and on or before the related
      interest payment date, any accrued and unpaid interest shall be paid to the
      Person in whose name a Note is registered on the Change of Control Payment
      Date.

     

    The
      Paying Agent shall promptly mail to each Holder of Notes so tendered the Change
      of Control Payment for such Notes, and the Trustee shall promptly authenticate
      and mail (or cause to be transferred by book entry) to each Holder a new Note
      equal in principal amount to any unpurchased portion of the Notes surrendered,
      if any; provided
      that
      each such new Note shall be in a principal amount of $1,000 or an integral
      multiple thereof. The Issuers shall publicly announce the results of the Change
      of Control Offer on or as soon as practicable after the Change of Control
      Payment Date.

     

    The
      provisions described above that require the Issuers to make a Change of Control
      Offer following a Change of Control shall be applicable regardless of whether
      or
      not any other provisions in this Indenture are applicable. 

     

    Notwithstanding
      any other provision of this Section 4.16, the Issuers shall not be required
      to make a Change of Control Offer upon a Change of Control if a third party
      makes the Change of Control Offer in the manner, at the times and otherwise
      in
      compliance with the requirements 

     

    
      
        
        

      

      
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    set
      forth in this Indenture applicable to a Change of
      Control Offer made by the Issuers and purchases all Notes validly tendered
      and
      not withdrawn under such Change of Control Offer.

     

    SECTION
      4.17.   Limitations
      on Issuances of Guarantees of Indebtedness.
      The
      Company shall not permit any of its Restricted Subsidiaries, directly or
      indirectly, to Guarantee or pledge any assets to secure the payment of any
      other
      Indebtedness of the Company, except in respect of Credit Facilities (the
“Guaranteed Indebtedness”), unless:

     

    (1) such
      Restricted Subsidiary simultaneously executes and delivers a supplemental
      indenture providing for the Guarantee (a “Subsidiary
      Guarantee”)
      of the
      payment of the Notes by such Restricted Subsidiary, and

     

    (2) until
      one
      year after all the Notes have been paid in full in cash, such Restricted
      Subsidiary waives and will not in any manner whatsoever claim or take the
      benefit or advantage of, any rights of reimbursement, indemnity or subrogation
      or any other rights against the Company or any other Restricted Subsidiary
      thereof as a result of any payment by such Restricted Subsidiary under its
      Subsidiary Guarantee; 

     

    provided
      that
      this paragraph shall not be applicable to any Guarantee of any Restricted
      Subsidiary that existed at the time such Person became a Restricted Subsidiary
      and was not incurred in connection with, or in contemplation of, such Person
      becoming a Restricted Subsidiary.

     

    If
      the
      Guaranteed Indebtedness is subordinated to the Notes, then the Guarantee of
      such
      Guaranteed Indebtedness shall be subordinated to the Subsidiary Guarantee at
      least to the extent that the Guaranteed Indebtedness is subordinated to the
      Notes.

     

    Any
      Subsidiary Guarantee shall terminate upon the release of such guarantor from
      its
      guarantee of the Guaranteed Indebtedness.

     

    SECTION
      4.18.   Payments
      for Consent.
      The
      Company shall not, and shall not permit any of its Subsidiaries to, directly
      or
      indirectly, pay or cause to be paid any consideration to or for the benefit
      of
      any Holder of Notes for or as an inducement to any consent, waiver or amendment
      of any of the terms or provisions of this Indenture or the Notes unless such
      consideration is offered to be paid and is paid to all Holders of the Notes
      that
      consent, waive or agree to amend in the time frame set forth in the solicitation
      documents relating to such consent, waiver or amendment.

     

    SECTION
      4.19.   Application
      of Fall-Away Covenants. During any period of time that (a) the Notes
      have Investment Grade Ratings from both Rating Agencies and (b) no Default
      or Event of Default has occurred and is continuing under this Indenture, the
      Company and its Restricted Subsidiaries shall not be subject to the provisions
      of Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13 and clause (d) of
      Section 5.01 (collectively, the “Suspended Covenants”).

     

    If
      the
      Company and its Restricted Subsidiaries are not subject to the Suspended
      Covenants for any period of time as a result of the previous sentence and,
      subsequently, one, or both of the Rating Agencies withdraws its ratings or
      downgrades the ratings assigned to the Notes below the required Investment
      Grade
      Ratings or a Default or Event of Default occurs and 

     

    
      
        
        

      

      
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      is
        continuing, then the Company and its Restricted Subsidiaries shall thereafter
        again be subject to the Suspended Covenants. The ability of the Company and
        its
        Restricted Subsidiaries to make Restricted Payments after the time of such
        withdrawal, downgrade, Default or Event of Default shall be calculated in
        accordance with the terms of Section 4.07 as though such covenant had been
        in effect during the entire period of time from the Issue
        Date.

    

     

       
      ARTICLE V  

     

    SUCCESSORS

     

    SECTION
      5.01.   Merger,
      Consolidation, or Sale of Assets.
      Neither
      Issuer may, directly or indirectly, (1) consolidate or merge with or into
      another Person (whether or not such Issuer is the surviving Person) or
      (2) sell, assign, transfer, convey or otherwise dispose of all or
      substantially all of its properties or assets, in one or more related
      transactions, to another Person; unless:

     

    (a) either:

     

    (i) such
      Issuer is the surviving Person; or

     

    (ii) the
      Person formed by or surviving any such consolidation or merger (if other than
      such Issuer) or to which such sale, assignment, transfer, conveyance or other
      disposition shall have been made is a Person organized or existing under the
      laws of the United States, any state thereof or the District of Columbia,
provided
      that if
      the Person formed by or surviving any such consolidation or merger with such
      Issuer is a Person other than a corporation, a corporate co-issuer shall also
      be
      an obligor with respect to the Notes;

     

    (b) the
      Person formed by or surviving any such consolidation or merger (if other than
      such Issuer) or the Person to which such sale, assignment, transfer, conveyance
      or other disposition shall have been made assumes all the obligations of such
      Issuer under the Notes and this Indenture pursuant to agreements reasonably
      satisfactory to the Trustee;

     

    (c) immediately
      after such transaction no Default or Event of Default exists; and

     

    (d) such
      Issuer or the Person formed by or surviving any such consolidation or merger
      (if
      other than such Issuer) will, on the date of such transaction after giving
      pro forma
      effect
      thereto and any related financing transactions as if the same had occurred
      at
      the beginning of the applicable period, 

     

    (x) be
      permitted to incur at least $1.00 of additional Indebtedness pursuant to the
      Leverage Ratio test set forth in the first paragraph of Section 4.10;
      or

     

    (y) have
      a
      Leverage Ratio immediately after giving effect to such consolidation or merger
      no greater than the Leverage Ratio immediately prior to such consolidation
      or
      merger.

     

     

    
      
        
        

      

      
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    In
      addition, neither of the Issuers may, directly or indirectly, lease all or
      substantially all of their properties or assets, in one or more related
      transactions, to any other Person. The foregoing clause (d) shall not apply
      to a sale, assignment, transfer, conveyance or other disposition of assets
      between or among an Issuer and any of its Wholly Owned Restricted Subsidiaries
      or to the consummation of the Exchange Offers.

     

    SECTION
      5.02.   Successor
      Corporation Substituted.
      Upon
      any consolidation or merger, or any sale, assignment, transfer, lease,
      conveyance or other disposition of all or substantially all of the assets of
      either Issuer in accordance with Section 5.01, the successor Person formed
      by such consolidation or into which either Issuer is merged or to which such
      transfer is made shall succeed to and (except in the case of a lease) be
      substituted for, and may exercise every right and power of, such Issuer under
      this Indenture with the same effect as if such successor Person had been named
      therein as such Issuer, and (except in the case of a lease) such Issuer shall
      be
      released from the obligations under the Notes and this Indenture, except with
      respect to any obligations that arise from, or are related to, such
      transaction.

     

    ARTICLE
      VI  

     

    DEFAULTS
      AND REMEDIES

     

    SECTION
      6.01.   Events
      of Default.
      Each of
      the following is an “Event of Default” with respect to the Notes:

     

    (1) default
      for 30 consecutive days in the payment when due of interest on the
      Notes;

     

    (2) default
      in payment when due of the principal of or premium, if any, on the
      Notes;

     

    (3) failure
      by the Company or any of its Restricted Subsidiaries to comply with the
      provisions of Sections 4.16 or 5.01;

     

    (4) failure
      by the Company or any of its Restricted Subsidiaries for 30 consecutive days
      after written notice thereof has been given to the Issuers by the Trustee,
      or to
      the Issuers and the Trustee by Holders of at least 25% of the aggregate
      principal amount of the Notes then outstanding, to comply with any of their
      other covenants or agreements in this Indenture;

     

    (5) default
      under any mortgage, indenture or instrument under which there may be issued
      or
      by which there may be secured or evidenced any Indebtedness for money borrowed
      by the Company or any of its Restricted Subsidiaries (or the payment of which
      is
      guaranteed by the Company or any of its Restricted Subsidiaries) whether such
      Indebtedness or guarantee now exists, or is created after the Issue Date, if
      that default:

     

    (a) is
      caused
      by a failure to pay at final stated maturity the principal amount of such
      Indebtedness prior to the expiration of the grace period provided in such
      Indebtedness on the date of such default (a “Payment
      Default”);
      or

     

     

    
      
        
        

      

      
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    (b) results
      in the acceleration of such Indebtedness prior to its express
      maturity,

     

    and,
      in
      each case, the principal amount of any such Indebtedness, together with the
      principal amount of any other such Indebtedness under which there has been
      a
      Payment Default or the maturity of which has been so accelerated, aggregates
      $100 million or more;

     

    (6) failure
      by the Company or any of its Restricted Subsidiaries to pay final judgments
      which are non-appealable aggregating in excess of $100 million, net of
      applicable insurance which has not been denied in writing by the insurer, which
      judgments are not paid, discharged or stayed for a period of 60
      days;

     

    (7) the
      Company or any of its Significant Subsidiaries pursuant to or within the meaning
      of any Bankruptcy Law:

     

    (a) commences
      a voluntary case,

     

    (b) consents
      to the entry of an order for relief against it in an involuntary
      case,

     

    (c) consents
      to the appointment of a custodian of it or for all or substantially all of
      its
      property, 

     

    (d) makes
      a
      general assignment for the benefit of its creditors; or

     

    (8) a
      court
      of competent jurisdiction enters an order or decree under any Bankruptcy Law
      that:

     

    (a) is
      for
      relief against the Company or any of its Significant Subsidiaries in an
      involuntary case;

     

    (b) appoints
      a custodian of the Company or any of its Significant Subsidiaries or for all
      or
      substantially all of the property of the Company or any of its Significant
      Subsidiaries; or

     

    (c) orders
      the liquidation of the Company or any of its Significant
      Subsidiaries;

     

    and
      the
      order or decree remains unstayed and in effect for 60 consecutive
      days.

     

    SECTION
      6.02.   Acceleration.
      In the
      case of an Event of Default arising from clauses (7) or (8) of
      Section 6.01 with respect to the Company, all outstanding Notes shall
      become due and payable immediately without further action or notice. If any
      other Event of Default occurs and is continuing, the Trustee by notice to the
      Issuers or the Holders of at least 25% in principal amount of the then
      outstanding Notes by notice to the Issuers and the Trustee may declare all
      the
      Notes to be due and payable immediately. The Holders of a majority in aggregate
      principal amount of the Notes then outstanding by written notice to the Trustee
      may on  

     

     

    
      
        
        

      

      
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      behalf
        of
        all of the Holders rescind an acceleration and its consequences if the
        rescission would not conflict with any judgment or decree and if all existing
        Events of Default (except nonpayment of principal, interest or premium that
        has
        become due solely because of the acceleration) have been cured or
        waived.

    

     

    SECTION
      6.03.   Other
      Remedies. If an Event of Default occurs and is continuing, the Trustee may
      pursue any available remedy to collect the payment of principal, premium, if
      any, and interest on the Notes or to enforce the performance of any provision
      of
      the Notes or this Indenture.

     

    The
      Trustee may maintain a proceeding even if it does not possess any of the Notes
      or does not produce any of them in the proceeding. A delay or omission by the
      Trustee or any Holder of a Note in exercising any right or remedy accruing
      upon
      an Event of Default shall not impair the right or remedy or constitute a waiver
      of or acquiescence in the Event of Default. All remedies are cumulative to
      the
      extent permitted by law.

     

    SECTION
      6.04.   Waiver
      of Existing Defaults.
      Holders
      of not less than a majority in aggregate principal amount of the then
      outstanding Notes by notice to the Trustee may on behalf of the Holders of
      all
      of the Notes waive any existing Default or Event of Default and its consequences
      hereunder, except a continuing Default or Event of Default in the payment of
      the
      principal of, or premium, if any, or interest on, the Notes (provided,
however, that the Holders of a majority in aggregate principal amount
      of
      the then outstanding Notes may rescind an acceleration and its consequences,
      including any related payment default that resulted from such acceleration).
      Upon any such waiver, such Default shall cease to exist, and any Event of
      Default arising therefrom shall be deemed to have been cured for every purpose
      of this Indenture; but no such waiver shall extend to any subsequent or other
      Default or impair any right consequent thereon.

     

    SECTION
      6.05.   Control
      by Majority. Holders of a majority in principal amount of the then
      outstanding Notes may direct the time, method and place of conducting any
      proceeding for exercising any remedy available to the Trustee or exercising
      any
      trust or power conferred on it. However, the Trustee may refuse to follow any
      direction that conflicts with law or this Indenture that the Trustee determines
      may be prejudicial to the rights of other Holders of Notes or that may involve
      the Trustee in personal liability. The Trustee may take any other action which
      it deems proper that is not inconsistent with any such directive.

     

    SECTION
      6.06.   Limitation
      on Suits. A Holder of a Note may pursue a remedy with respect to this
      Indenture or the Notes only if:

     

    (a)  the
      Holder of a Note gives to the Trustee written notice of a continuing Event
      of
      Default;

     

    (b)  the
      Holders of at least 25% in principal amount of the then outstanding Notes make
      a
      written request to the Trustee to pursue the remedy;

     

    (c)  such
      Holder of a Note or Holders of Notes offer and, if requested, provide to the
      Trustee indemnity satisfactory to the Trustee against any loss, liability or
      expense;

     

     

    
      
        
        

      

      
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    (d)  the
      Trustee does not comply with the request within 60 days after receipt of the
      request and the offer and, if requested, the provision of indemnity;
      and

     

    (e)  during
      such 60-day period the Holders of a majority in principal amount of the then
      outstanding Notes do not give the Trustee a direction inconsistent with the
      request.

     

    A
      Holder
      of a Note may not use this Indenture to prejudice the rights of another Holder
      of a Note or to obtain a preference or priority over another Holder of a
      Note.

     

    SECTION
      6.07.   Rights
      of Holders of Notes to Receive Payment.
      Notwithstanding any other provision of this Indenture, the right of any Holder
      of a Note to receive payment of principal, premium, if any, and interest on
      the
      Note, on or after the respective due dates expressed in the Note (including
      in
      connection with an offer to purchase), or to bring suit for the enforcement
      of
      any such payment on or after such respective dates, shall not be impaired or
      affected without the consent of such Holder.

     

    SECTION
      6.08.   Collection
      Suit by Trustee. If an Event of Default specified in Section 6.01(1) or
      (2) occurs and is continuing, the Trustee is authorized to recover judgment
      in
      its own name and as trustee of an express trust against the Issuers for the
      whole amount of principal of, premium, if any, and interest remaining unpaid
      on
      the Notes and interest on overdue principal and, to the extent lawful, interest
      and such further amount as shall be sufficient to cover the costs and expenses
      of collection, including the reasonable compensation, expenses, disbursements
      and advances of the Trustee, its agents and counsel.

     

    SECTION
      6.09.   Trustee
      May File Proofs of Claim. The Trustee is authorized to file such proofs of
      claim and 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 the Holders of the Notes allowed in any judicial proceedings
      relative to the Issuers (or any other obligor upon the Notes), their creditors
      or their property and shall be entitled and empowered to collect, receive and
      distribute any money or other property payable or deliverable on any such claims
      and any custodian in any such judicial proceeding is hereby authorized by each
      Holder to make such payments to the Trustee, and in the event that the Trustee
      shall consent to the making of such payments directly to the Holders, to pay
      to
      the Trustee any amount due 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 7.07. To the extent that the payment
      of any such compensation, expenses, disbursements and advances of the Trustee,
      its agents and counsel, and any other amounts due the Trustee under
      Section 7.07 out of the estate in any such proceeding, shall be denied for
      any reason, payment of the same shall be secured by a Lien on, and shall be
      paid
      out of, any and all distributions, dividends, money, securities and other
      properties that the Holders may be entitled to receive in such proceeding
      whether in liquidation or under any plan of reorganization or arrangement or
      otherwise. 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 Notes
      or
      the rights of any Holder, or to authorize the Trustee to vote in respect of
      the
      claim of any Holder in any such proceeding.

     

     

    
      
        
        

      

      
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    SECTION
      6.10.   Priorities.
      If the Trustee collects any money pursuant to this Article, it shall pay out
      the
      money in the following order:

     

    First:
      to
      the Trustee, its agents and attorneys for amounts due under Section 7.07,
      including payment of all compensation, expense and liabilities incurred, and
      all
      advances made, by the Trustee and the costs and expenses of
      collection;

     

    Second:
      to Holders of Notes for amounts due and unpaid on the Notes for interest,
      ratably, without preference or priority of any kind, according to the amounts
      due and payable on the Notes for interest;

     

    Third:
      to
      Holders of Notes for amounts due and unpaid on the Notes for principal and
      premium, ratably, without preference or priority of any kind, according to
      the
      amounts due and payable on the Notes for principal and premium, respectively;
      and

     

    Fourth:
      to the Issuers or to such party as a court of competent jurisdiction shall
      direct.

     

    The
      Trustee may fix a record date and payment date for any payment to Holders of
      Notes pursuant to this Section 6.10.

     

    SECTION
      6.11.   Undertaking
      for Costs.
      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 a Trustee,
      a
      court in its discretion may require the filing by any party litigant in the
      suit
      of an undertaking to pay the costs of the suit, and the court in its discretion
      may assess reasonable costs, including reasonable attorneys’ fees and expenses,
      against any party litigant in the suit, having due regard to the merits and
      good
      faith of the claims or defenses made by the party litigant. This Section does
      not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to
      Section 6.07, or a suit by Holders of more than 10% in principal amount of
      the then outstanding Notes.

     

        
      ARTICLE VII  

     

    TRUSTEE

     

    SECTION
      7.01.   Duties
      of Trustee.

     

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

     

    (2) Except
      during the continuance of an Event of Default:

     

    (a) the
      duties of the Trustee shall be determined solely by the express provisions
      of
      this Indenture and the Trustee need perform only those duties that are
      specifically set forth in this Indenture and no others, and no implied covenants
      or obligations shall be read into this Indenture against the Trustee;
      and

     

     

    
      
        
        

      

      
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    (b) 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 required to be furnished to the Trustee hereunder
      and conforming to the requirements of this Indenture. However, the Trustee
      shall
      examine the certificates and opinions to determine whether or not they conform
      to the requirements of this Indenture (but need not confirm or investigate
      the
      accuracy of any mathematical calculations or other facts stated
      therein).

     

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

     

    (a) this
      paragraph does not limit the effect of paragraph (2) of this
      Section;

     

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

     

    (c) the
      Trustee shall not be liable with respect to any action it takes or omits to
      take
      in good faith in accordance with a direction received by it pursuant to
      Section 6.05.

     

    (4) Whether
      or not therein expressly so provided, every provision of this Indenture that
      in
      any way relates to the Trustee is subject to paragraphs (1), (2), and (3)
      of this Section 7.01.

     

    (5) No
      provision of this Indenture shall require the Trustee to expend or risk its
      own
      funds or incur any liability. The Trustee shall be under no obligation to
      exercise any of its rights and powers under this Indenture at the request of
      any
      Holders, unless such Holder shall have offered to the Trustee security and
      indemnity satisfactory to it against any loss, liability, claim, damage or
      expense.

     

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

     

    (7) 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 or other paper
      or
      documents.

     

    SECTION
      7.02.   Rights
      of Trustee.

     

    (1) The
      Trustee may conclusively rely upon any document (whether in its original or
      facsimile form) believed by it to be genuine and to have been signed or
      presented by the proper Person. The Trustee need not investigate any fact or
      matter stated in the document.

     

     

    
      
        
        

      

      
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    (2) Before
      the Trustee acts or refrains from acting, it may require an Officers’
Certificate or an Opinion of Counsel or both. The Trustee shall not be liable
      for any action it takes or omits to take in good faith in reliance on such
      Officers’ Certificate or Opinion of Counsel. The Trustee may consult with
      counsel of its own selection and the written advice or opinion of such counsel
      or any Opinion of Counsel shall be full and complete authorization and
      protection from liability in respect of any action taken, suffered or omitted
      by
      it hereunder in good faith and in reliance thereon.

     

    (3) The
      Trustee may act through its attorneys and agents and shall not be responsible
      for the misconduct or negligence of any agent appointed with due
      care.

     

    (4) The
      Trustee shall not be liable for any action it takes or omits to take in good
      faith that it believes to be authorized or within the rights or powers conferred
      upon it by this Indenture.

     

    (5) Unless
      otherwise specifically provided in this Indenture, any demand, request,
      direction or notice from either of the Issuers shall be sufficient if signed
      by
      an Officer of such Issuer.

     

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

     

    (7) The
      Trustee shall not be charged with knowledge of any Default or Event of Default
      unless either (a) a Responsible Officer of the Trustee shall have actual
      knowledge of such Default or Event of Default or (b) written notice of such
      Default or Event of Default shall have been given to and received by a
      Responsible Officer of the Trustee by the Issuers or any Holder.

     

    (8) In
      no
      event shall the Trustee be responsible or liable for special, indirect or
      consequential loss or damage of any kind whatsoever (including loss of profit)
      irrespective of whether the Trustee has been advised of the likelihood of such
      loss or damage and regardless of the form of action.

     

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

     

    SECTION
      7.03.   Individual
      Rights of Trustee.
      The
      Trustee in its individual or any other capacity may become the owner or pledgee
      of Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers
      with the same rights it would have if it were not Trustee. However, in the
      event
      that the Trustee acquires any conflicting interest it must eliminate such
      conflict within 90 days, apply to the SEC for permission to continue as trustee
      or resign. Any Agent may do the same with like rights and duties. The Trustee
      is
      also subject to Sections 7.10 and 7.11.

     

     

    
      
        
        

      

      
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    SECTION
      7.04.   Trustee’s
      Disclaimer. The Trustee shall not be responsible for and makes no
      representation as to the validity or adequacy of this Indenture or the Notes,
      it
      shall not be accountable for the Issuers’ use of the proceeds from the Notes or
      any money paid to the Issuers or upon the Issuers’ direction under any provision
      of this Indenture, it shall not be responsible for the use or application of
      any
      money received by any Paying Agent other than the Trustee, and it shall not
      be
      responsible for any statement or recital herein or any statement in the Notes
      or
      any other document in connection with the sale of the Notes or pursuant to
      this
      Indenture other than its certificate of authentication.

     

    SECTION
      7.05.   Notice
      of Defaults. If a Default or Event of Default occurs and is continuing and
      if it is known to a Responsible Officer of the Trustee, the Trustee shall mail
      to Holders of Notes a notice of the Default or Event of Default within 90 days
      after the Trustee acquires knowledge thereof. Except in the case of a Default
      or
      Event of Default in payment of principal of, premium, if any, or interest on
      any
      Note, the Trustee may withhold the notice if and so long as a committee of
      its
      Responsible Officers in good faith determines that withholding the notice is
      in
      the interests of the Holders of the Notes.

     

    SECTION
      7.06.   Reports
      by Trustee to Holders of the Notes. By May 15th of each year, and for so
      long as Notes remain outstanding, the Trustee shall mail to the Holders of
      the
      Notes a brief report dated as of such reporting date that complies with TIA
      Section 313(a) (but if no event described in TIA Section 313(a) has occurred
      within the twelve months preceding the reporting date, no report need be
      transmitted). The Trustee also shall comply with TIA Section 313(b)(2). The
      Trustee shall also transmit by mail all reports as required by TIA Section
      313(c).

     

    A
      copy of
      each report at the time of its mailing to the Holders of Notes shall be mailed
      to the Company and filed with the SEC and each stock exchange on which the
      Notes
      are listed in accordance with TIA Section 313(d). The Issuers shall promptly
      notify the Trustee when the Notes are listed on any stock exchange.

     

    SECTION
      7.07.   Compensation
      and Indemnity.
      The
      Issuers, jointly and severally, shall pay to the Trustee from time to time
      reasonable compensation for its acceptance of this Indenture, any Registration
      Rights Agreement and any other document delivered in connection with any of
      such
      agreements and its services under any of such agreements or other documents,
      as
      separately agreed in writing. The Trustee’s compensation shall not be limited by
      any law on compensation of a trustee of an express trust. The Issuers shall
      reimburse the Trustee promptly upon request for all reasonable disbursements,
      advances and expenses incurred or made by it in addition to the compensation
      for
      its services. Such expenses shall include the reasonable compensation,
      disbursements and expenses of the Trustee’s agents and counsel.

     

    The
      Issuers shall, jointly and severally, indemnify the Trustee against any and
      all
      losses, liabilities, claims, damages or expenses (including reasonable legal
      fees and expenses) incurred by it arising out of or in connection with the
      acceptance or administration of its duties under this Indenture, including
      the
      costs and expenses of enforcing this Indenture, any Registration Rights
      Agreement and any other document delivered in connection therewith (including
      this Section 7.07) and defending itself against any claim (whether asserted
      by the Issuers or any Holder or any other person) or liability in connection
      with the exercise or performance of any of its powers or duties hereunder,
      except to the extent any such loss, liability or expense is

     

     

    
      
        
        

      

      
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      determined
        to have been caused by its own gross negligence or willful misconduct. The
        Trustee shall notify the Issuers promptly of any claim for which it may seek
        indemnity. Failure by the Trustee to so notify the Issuers shall not relieve
        the
        Issuers of their obligations hereunder. The Issuers shall defend the claim
        and
        the Trustee shall cooperate in the defense. The Trustee may have separate
        counsel and the Issuers shall pay the reasonable fees and expenses of such
        counsel. The Issuers need not pay for any settlement made without their consent,
        which consent shall not be unreasonably withheld.

    

     

    The
      obligations of the Issuers under this Section 7.07 shall survive
      resignation or removal of the Trustee and the satisfaction and discharge of
      this
      Indenture.

     

    To
      secure
      the Issuers’ payment obligations in this Section, the Trustee shall have a Lien
      prior to the Notes on all money or property held or collected by the Trustee,
      except that held in trust to pay principal and interest on particular Notes.
      Such Lien shall survive the resignation or removal of the Trustee and the
      satisfaction and discharge of this Indenture.

     

    When
      the
      Trustee incurs expenses or renders services after an Event of Default specified
      in Section 6.01(7) or (8) occurs, the expenses and the compensation for the
      services (including the fees and expenses of its agents and counsel) are
      intended to constitute expenses of administration under any Bankruptcy
      Law.

     

    The
      Trustee shall comply with the provisions of TIA Section 313(b)(2) to the extent
      applicable.

     

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

     

    The
      Trustee may resign in writing at any time and be discharged from the trust
      hereby created by so notifying the Issuers. The Holders of a majority in
      principal amount of the then outstanding Notes may remove the Trustee by so
      notifying the Trustee and the Issuers in writing. The Issuers may remove the
      Trustee if:

     

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

     

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

     

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

     

    (d) the
      Trustee becomes incapable of acting.

     

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

     

     

    
      
        
        

      

      
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    If
      a
      successor Trustee does not take office within 60 days after the retiring Trustee
      resigns or is removed, the retiring Trustee, the Issuers, or the Holders of
      at
      least 10% in principal amount of the then outstanding Notes may petition at
      the
      expense of the Issuers any court of competent jurisdiction for the appointment
      of a successor Trustee.

     

    If
      the
      Trustee, after written request by any Holder who has been a Holder for at least
      six months, fails to comply with Section 7.10, such Holder may petition any
      court of competent jurisdiction for the removal of the Trustee and the
      appointment of a successor Trustee.

     

    A
      successor Trustee shall deliver a written acceptance of its appointment to
      the
      retiring Trustee and to the Issuers. Thereupon, the resignation or removal
      of
      the retiring Trustee shall become effective, and the successor Trustee shall
      have all the rights, powers and duties of the Trustee under this Indenture.
      The
      successor Trustee shall mail a notice of its succession to Holders. The retiring
      Trustee shall promptly transfer all property held by it as Trustee to the
      successor Trustee; provided
      all sums
      owing to the Trustee hereunder have been paid and subject to the Lien provided
      for in Section 7.07. Notwithstanding replacement of the Trustee pursuant to
      this Section 7.08, the Issuers’ obligations under Section 7.07 shall
      continue for the benefit of the retiring Trustee.

     

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

     

    SECTION
      7.10.   Eligibility;
      Disqualification. There shall at all times be a Trustee hereunder that is a
      corporation organized and doing business under the laws of the United States
      of
      America or of any state thereof that is authorized under such laws to exercise
      corporate trustee power, that is subject to supervision or examination by
      federal or state authorities and that has a combined capital and surplus of
      at
      least $100 million as set forth in its most recent published annual report
      of
      condition.

     

    This
      Indenture shall always have a Trustee who satisfies the requirements of TIA
      Section 310(a)(1), (2) and (5). The Trustee is subject to TIA Section
      310(b).

     

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

     

    ARTICLE
      VIII  

     

    LEGAL
      DEFEASANCE AND COVENANT DEFEASANCE

     

    SECTION
      8.01.   Option
      to Effect Legal Defeasance or Covenant Defeasance.
      The
      Issuers and the Parent Guarantor may, at any time, elect to have either
      Section 8.02 or 8.03 be applied to all outstanding Notes and the Note
      Guarantee upon compliance with the conditions set forth below in this
      Article 8.

     

     

    
      
        
        

      

      
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    SECTION
      8.02.   Legal
      Defeasance and Discharge. Upon the exercise by the Issuers and the Parent
      Guarantor under Section 8.01 of the option applicable to this
      Section 8.02, the Issuers and the Parent Guarantor shall, subject to the
      satisfaction of the conditions set forth in Section 8.04, be deemed to have
      been discharged from their obligations with respect to all outstanding Notes
      and
      the Note Guarantee on the date the conditions set forth below are satisfied
      (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance
      means that the Issuers and the Parent Guarantor shall be deemed to have paid
      and
      discharged the entire Indebtedness represented by the outstanding Notes, which
      shall thereafter be deemed to be “outstanding” only for the purposes of
      Section 8.05 and the other Sections of this Indenture referred to in (a)
      and (b) below, and to have satisfied all their other obligations under such
      Notes, this Indenture, the Note Guarantee and any Registration Rights Agreement
      (and the Trustee, on demand of and at the expense of the Issuers, shall execute
      proper instruments acknowledging the same), except for the following provisions
      which shall survive until otherwise terminated or discharged
      hereunder:

     

    (a)  the
      rights of Holders of outstanding Notes to receive payments in respect of the
      principal of, premium, if any, and interest on such Notes when such payments
      are
      due from the trust referred to below;

     

    (b)  the
      Issuers’ obligations with respect to the Notes concerning issuing temporary
      Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and
      the
      maintenance of an office or agency for payment and money for security payments
      held in trust;

     

    (c)  the
      rights, powers, trusts, duties and immunities of the Trustee and the Issuers’
obligations in connection therewith; and

     

    (d)  the
      Legal
      Defeasance provisions of this Indenture.

     

    Subject
      to compliance with this Article 8, the Issuers may exercise their option
      under this Section 8.02 notwithstanding the prior exercise of their option
      under Section 8.03.

     

    SECTION
      8.03.   Covenant
      Defeasance.
      Upon
      the exercise by the Issuers and the Parent Guarantor under Section 8.01 of
      the option applicable to this Section 8.03, the Issuers and the Parent
      Guarantor shall, subject to the satisfaction of the conditions set forth in
      Section 8.04, be released from their obligations under the covenants
      contained in Article 5 and Sections 4.03, 4.07, 4.08, 4.09, 4.10,
      4.11, 4.12, 4.13, 4.14, 4.16, 4.17 and 4.19 with respect to the outstanding
      Notes and the Note Guarantee on and after the date the conditions set forth
      in
      Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and
      the Notes shall thereafter be deemed not “outstanding” for the purposes of any
      direction, waiver, consent or declaration or act of Holders (and the
      consequences of any thereof) in connection with such covenants, but shall
      continue to be deemed “outstanding” for all other purposes hereunder (it being
      understood that such Notes may not be deemed outstanding for accounting
      purposes). For this purpose, Covenant Defeasance means that, with respect to
      the
      outstanding Notes and the Note Guarantee, the Issuers may omit to comply with
      and shall have no liability in respect of any term, condition or limitation
      set
      forth in any such covenant, whether directly or indirectly, by reason of any
      reference elsewhere herein to any such covenant or by reason of any reference
      in
      any such covenant to any other provision herein or in any other document and
      such omission to comply shall not constitute a Default or an Event of Default
      under Section 6.01, but, except as specified 

     

    
      
        
        

      

      
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      above,
        the remainder of this Indenture and such Notes shall be unaffected thereby.
        In
        addition, upon the Issuers’ exercise under Section 8.01 of the option
        applicable to this Section 8.03, subject to the satisfaction of the
        conditions set forth in Section 8.04, Sections 6.01(3) through 6.01(6)
        shall not constitute Events of Default. In addition, upon Covenant Defeasance,
        the Note Guarantee will be released.

    

     

    SECTION
      8.04.   Conditions
      to Legal or Covenant Defeasance. The following shall be the conditions to
      the application of either Section 8.02 or 8.03 to the outstanding
      Notes:

     

    In
      order
      to exercise either Legal Defeasance or Covenant Defeasance:

     

    (1) the
      Issuers or the Parent Guarantor must irrevocably deposit with the Trustee,
      in
      trust, for the benefit of the Holders of the Notes, cash in U.S. dollars,
      non-callable Government Securities, or a combination thereof, in such amounts
      as
      will be sufficient, in the opinion of a nationally recognized firm of
      independent public accountants, to pay the principal of, premium, if any, and
      interest on the outstanding Notes on the stated maturity or on the applicable
      redemption date, as the case may be, and the Issuers and the Parent Guarantor
      must specify whether the Notes shall be defeased to maturity or to a particular
      redemption date;

     

    (2) in
      the
      case of Legal Defeasance, the Issuers shall have delivered to the Trustee an
      Opinion of Counsel reasonably acceptable to the Trustee confirming
      that

     

    (a) the
      Issuers and the Parent Guarantor have received from, or there has been published
      by, the Internal Revenue Service a ruling or

     

    (b) since
      the
      Issue Date, there has been a change in the applicable federal income tax
      law,

     

    in
      either
      case to the effect that, and based thereon such Opinion of Counsel shall confirm
      that, the Holders of the outstanding Notes will not recognize income, gain
      or
      loss for federal income tax purposes as a result of such Legal Defeasance and
      will be subject to federal income tax on the same amounts, in the same manner
      and at the same times as would have been the case if such Legal Defeasance
      had
      not occurred;

     

    (3) in
      the
      case of Covenant Defeasance, the Issuers or the Parent Guarantor shall have
      delivered to the Trustee an Opinion of Counsel confirming that the Holders
      of
      the outstanding Notes will not recognize income, gain or loss for federal income
      tax purposes as a result of such Covenant Defeasance and will be subject to
      federal income tax on the same amounts, in the same manner and at the same
      times
      as would have been the case if such Covenant Defeasance had not
      occurred;

     

    (4) no
      Default or Event of Default shall have occurred and be continuing
      either:

     

    (a) on
      the
      date of such deposit (other than a Default or Event of Default resulting from
      the borrowing of funds to be applied to such deposit and the grant of any Lien
      securing such borrowing); or

     

     

    
      
        
        

      

      
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    (b) insofar
      as Events of Default from bankruptcy or insolvency events are concerned, at
      any
      time in the period ending on the 91st day after the date of
      deposit;

     

    (5) such
      Legal Defeasance or Covenant Defeasance will not result in a breach or violation
      of, or constitute a default under any material agreement or instrument (other
      than this Indenture) to which the Issuers or any of their Restricted
      Subsidiaries is a party or by which the Issuers or any of their Restricted
      Subsidiaries is bound;

     

    (6) the
      Issuers must have delivered to the Trustee an Opinion of Counsel to the effect
      that after the 91st day, assuming no intervening bankruptcy, that no Holder
      is
      an insider of either of the Issuers following the deposit and that such deposit
      would not be deemed by a court of competent jurisdiction a transfer for the
      benefit of the Issuers in their capacities as such, the trust funds will not
      be
      subject to the effect of any applicable bankruptcy, insolvency, reorganization
      or similar laws affecting creditors’ rights generally;

     

    (7) the
      Issuers or the Parent Guarantor must have delivered to the Trustee an Officers’
Certificate stating that the deposit was not made by the Issuers with the intent
      of preferring the Holders of the Notes over the other creditors of the Issuers
      or the Parent Guarantor with the intent of defeating, hindering, delaying or
      defrauding creditors of the Issuers, the Parent Guarantor or others;
      and

     

    (8) the
      Issuers or the Parent Guarantor must have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions
      precedent relating to the Legal Defeasance or the Covenant Defeasance have
      been
      complied with.

     

    Notwithstanding
      the foregoing, the Opinion of Counsel required by clause (2) above with
      respect to a Legal Defeasance need not be delivered and the conditions set
      forth
      in clauses 4(b) and (6) shall not apply if all Notes not theretofore
      delivered to the Trustee for cancellation

     

    (a)  have
      become due and payable or

     

    (b)  will
      become due and payable on the maturity date or a redemption date within one
      year
      under arrangements satisfactory to the Trustee for the giving of notice of
      redemption by the Trustee in the name, and at the expense, of the
      Issuers.

     

    SECTION
      8.05.   Deposited
      Money and Government Securities to Be Held in Trust; Other Miscellaneous
      Provisions.
      Subject
      to Section 8.06, all money and non-callable Government Securities
      (including the proceeds thereof) deposited with the Trustee (or other qualifying
      trustee, collectively for purposes of this Section 8.05, the “Trustee”)
      pursuant to Section 8.04 in respect of the outstanding Notes shall be held
      in trust and applied by the Trustee, in accordance with the provisions of such
      Notes and this Indenture, to the payment, either directly or through any Paying
      Agent (including the Issuers acting as Paying Agent) as the Trustee may
      determine, to the Holders of such Notes of all sums due and to become due
      thereon in respect of principal, premium, if any, and interest, but such money
      need not be segregated from other funds except to the extent required by
      law.

     

    The
      Issuers shall pay and indemnify the Trustee against any tax, fee or other charge
      imposed on or assessed against the cash or non-callable Government Securities
      deposited 

     

    
      
        
        

      

      
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      pursuant
        to Section 8.04 or the principal and interest received in respect thereof
        other than any such tax, fee or other charge which by law is for the account
        of
        the Holders of the outstanding Notes.

    

     

    Anything
      in this Article 8 to the contrary notwithstanding, the Trustee shall
      deliver or pay to the Issuers from time to time upon the request of the Issuers
      any money or non-callable Government Securities held by it as provided in
      Section 8.04 which, in the opinion of a nationally recognized firm of
      independent public accountants expressed in a written certification thereof
      delivered to the Trustee (which may be the opinion delivered under
      Section 8.04(1)), are in excess of the amount thereof that would then be
      required to be deposited to effect an equivalent Legal Defeasance or Covenant
      Defeasance.

     

    SECTION
      8.06.   Repayment
      to Issuers.
      Any
      money deposited with the Trustee or any Paying Agent, or then held by the
      Issuers, in trust for the payment of the principal of, premium, if any, or
      interest on any Note and remaining unclaimed for two years after such principal,
      and premium, if any, or interest has become due and payable shall be paid to
      the
      Issuers on their request or (if then held by the Issuers) shall be discharged
      from such trust; and the Holder of such Note shall thereafter look only to
      the
      Issuers for payment thereof, and all liability of the Trustee or such Paying
      Agent with respect to such trust money, and all liability of the Issuers as
      trustee thereof, shall thereupon cease; provided, however, that
      the Trustee or such Paying Agent, before being required to make any such
      repayment, may at the expense of the Issuers cause to be published once, in
      The New York Times and TheWall Street Journal
      (national edition), notice that such money remains unclaimed and that, after
      a
      date specified therein, which shall not be less than 30 days from the date
      of
      such notification or publication, any unclaimed balance of such money then
      remaining shall be repaid to the Issuers.

     

    SECTION
      8.07.   Reinstatement.
      If the Trustee or Paying Agent is unable to apply any United States dollars
      or
      non-callable Government Securities in accordance with Section 8.02 or 8.03,
      as the case may be, by reason of any order or judgment of any court or
      governmental authority enjoining, restraining or otherwise prohibiting such
      application, then the Issuers’ obligations under this Indenture and the Notes,
      shall be revived and reinstated as though no deposit had occurred pursuant
      to
      Section 8.02 or 8.03 until such time as the Trustee or Paying Agent is
      permitted to apply all such money in accordance with Section 8.02 or 8.03,
      as the case may be; provided, however, that, if the Issuers make any payment
      of
      principal of, premium, if any, or interest on any Note following the
      reinstatement of their obligations, the Issuers shall be subrogated to the
      rights of the Holders of such Notes to receive such payment from the money
      held
      by the Trustee or Paying Agent.

     

    ARTICLE
      IX  

     

    AMENDMENT,
      SUPPLEMENT AND WAIVER

     

    SECTION
      9.01.   Without
      Consent of Holders of Notes.
      Notwithstanding Section 9.02 of this Indenture, the Issuers, the Parent
      Guarantor and the Trustee may amend or supplement this Indenture, the Notes
      or
      the Note Guarantee without the consent of any Holder of a Note:

     

    (1) to
      cure
      any ambiguity, defect or inconsistency;

     

     

    
      
        
        

      

      
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    (2) to
      provide for uncertificated Notes in addition to or in place of certificated
      Notes;

     

    (3) to
      provide for or confirm the issuance of Additional Notes;

     

    (4) to
      provide for the assumption of the Issuers’ or the Parent Guarantor’s obligations
      to Holders of Notes in the case of a merger or consolidation or sale of all
      or
      substantially all of the assets of the Issuers pursuant to
      Article 5;

     

    (5) to
      release any Subsidiary Guarantee in accordance with the provisions of this
      Indenture;

     

    (6) to
      make
      any change that would provide any additional rights or benefits to the Holders
      of Notes or that does not adversely affect the legal rights under this Indenture
      of any Holder; or

     

    (7) to
      comply
      with requirements of the SEC in order to effect or maintain the qualification
      of
      this Indenture under the TIA or otherwise as necessary to comply with applicable
      law.

     

    Upon
      the
      request of the Issuers and the Parent Guarantor accompanied by a resolution
      of
      their respective boards of directors or the Board of Directors of CCI
      authorizing the execution of any such amended or supplemental Indenture, Notes
      or Note Guarantee (or an amendment or supplement of any of the foregoing),
      and
      upon receipt by the Trustee of the documents described in Section 7.02, the
      Trustee shall join with the Issuers and the Parent Guarantor in the execution
      of
      any amended or supplemental Indenture, Notes or Note Guarantee authorized or
      permitted by the terms of this Indenture and to make any further appropriate
      agreements and stipulations that may be therein contained, but the Trustee
      shall
      not be obligated to enter into such amended or supplemental Indenture, Notes
      or
      Note Guarantee that affects its own rights, duties or immunities under this
      Indenture, Notes, or Note Guarantee or otherwise.

     

    SECTION
      9.02.   With
      Consent of Holders of Notes.
      Except
      as provided below in this Section 9.02, this Indenture, the Notes or the
      Note Guarantee may be amended or supplemented with the consent of the Holders
      of
      at least a majority in aggregate principal amount of the Notes then outstanding.
      This includes consents obtained in connection with a purchase of, or a tender
      offer or exchange offer for, Notes. Any existing Default or compliance with
      any
      provision of this Indenture, the Notes or the Note Guarantee (other than any
      provision relating to the right of any Holder to bring suit for the enforcement
      of any payment of principal, premium, if any, and interest on such Holder’s
      Notes, on or after the scheduled due dates expressed in the Notes) may be waived
      with the consent of the Holders of a majority in aggregate principal amount
      of
      the Notes then outstanding (including consents obtained in connection with
      a
      purchase of, or a tender offer or exchange offer for, Notes). Section 2.08
      shall determine which Notes are considered to be “outstanding” for purposes of
      this Section 9.02.

     

    Upon
      the
      request of the Issuers and the Parent Guarantor accompanied by a resolution
      of
      their respective boards of directors or the Board of Directors of CCI
      authorizing the execution of any such amended or supplemental Indenture, Notes
      or Note Guarantee (or an amendment or supplement of any of the foregoing),
      and
      upon the filing with the Trustee of evidence satisfactory to the Trustee of
      the
      consent of the Holders of Notes as aforesaid, and upon receipt by the

     

    
      
        
        

      

      
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      Trustee
        of the documents (if any) described in Section 7.02, the Trustee shall join
        with the Issuers and the Parent Guarantor in the execution of such amended
        or
        supplemental Indenture, Notes or Note Guarantee (or such amendment or
        supplement) unless such amended or supplemental Indenture, Notes or Note
        Guarantee (or such amendment or supplement) directly affects the Trustee’s own
        rights, duties or immunities under this Indenture, Notes or Note Guarantee
        or
        otherwise, in which case the Trustee may in its discretion, but shall not
        be
        obligated to, enter into such amended or supplemental Indenture, Notes or
        Note
        Guarantee (or such amendment or supplement).

    

     

    It
      shall
      not be necessary for the consent of the Holders of Notes under this
      Section 9.02 to approve the particular form of any proposed amendment,
      supplement or waiver, but it shall be sufficient if such consent approves the
      substance thereof.

     

    After
      an
      amendment, supplement or waiver under this Section 9.02 becomes effective,
      the Issuers shall mail to the Holders of Notes affected thereby a notice briefly
      describing the amendment, supplement or waiver. Any failure of the Issuers
      to
      mail such notice, or any defect therein, shall not, however, in any way impair
      or affect the validity of any such amended or supplemental Indenture, Notes
      or
      Note Guarantee (or such amendment) or waiver. Without the consent of each Holder
      affected thereby, an amendment, supplement or waiver under this
      Section 9.02 may not (with respect to any Notes held by such
      Holder):

     

    (1) reduce
      the principal amount of such Notes;

     

    (2) change
      the fixed maturity of such Notes or reduce the premium payable upon redemption
      of such Notes;

     

    (3) reduce
      the rate of or extend the time for payment of interest on such
      Notes;

     

    (4) waive
      a
      Default or an Event of Default in the payment of principal of, or premium,
      if
      any, or interest on the Notes (except a rescission of acceleration of the Notes
      by the Holders of at least a majority in aggregate principal amount of the
      Notes
      and a waiver of the payment default that resulted from such
      acceleration);

     

    (5) make
      such
      Notes payable in money other than that stated in such Notes;

     

    (6) make
      any
      change in the provisions of this Indenture relating to waivers of past Defaults
      applicable to any Notes or the rights of Holders thereof to receive payments
      of
      principal of, or premium, if any, or interest on such Notes;

     

    (7) waive
      a
      redemption payment with respect to such Notes (other than a payment required
      by
      Section 4.11 or 4.16); or

     

    (8) make
      any
      change in this Section 9.02.

     

    SECTION
      9.03.   Compliance
      with Trust Indenture Act.
      Every
      amendment or supplement to this Indenture or the Notes shall be set forth in
      an
      amended or supplemental Indenture that complies with the TIA as then in
      effect.

     

     

    
      
        
        

      

      
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    SECTION
      9.04.   Revocation
      and Effect of Consents. Until an amendment, supplement or waiver becomes
      effective, a consent to it by a Holder of a Note is a continuing consent by
      the
      Holder of a Note and every subsequent Holder of a Note or portion of a Note
      that
      evidences the same debt as the consenting Holder’s Note, even if notation of the
      consent is not made on any Note. However, any such Holder of a Note or
      subsequent Holder of a Note may revoke the consent as to its Note if the Trustee
      receives written notice of revocation before the date the waiver, supplement
      or
      amendment becomes effective. After an amendment, supplement or waiver becomes
      effective, it shall bind every Holder. An amendment, supplement or waiver
      becomes effective once both (i) the requisite number of consents have been
      received by the Issuers or the Trustee and (ii) such amendment, supplement
      or
      waiver has been executed by the Company and the Trustee.

     

    The
      Issuers may, but shall not be obligated to, fix a record date for the purpose
      of
      determining the Holders entitled to give their consent or take any other action
      described above or required or permitted to be taken pursuant to this Indenture.
      If a record date is fixed, then notwithstanding the immediately preceding
      paragraph, those Persons who were Holders at such record date (or their duly
      designated proxies), and only those Persons, shall be entitled to give such
      consent or to revoke any consent previously given or to take any such action,
      whether or not such Persons continue to be Holders after such record
      date.

     

    SECTION
      9.05.   Notation
      on or Exchange of Notes.
      The
      Trustee may place an appropriate notation about an amendment, supplement or
      waiver on any Note thereafter authenticated. The Issuers in exchange for all
      Notes may issue and the Trustee shall, upon receipt of an Authentication Order,
      authenticate new Notes that reflect the amendment, supplement or
      waiver.

     

    Failure
      to make the appropriate notation or issue a new Note shall not affect the
      validity and effect of such amendment, supplement or waiver.

     

    SECTION
      9.06.   Trustee
      to Sign Amendments, etc.
      The
      Trustee shall sign any amended or supplemental Indenture, Notes or Note
      Guarantee (or an amendment or supplement to any of the foregoing) authorized
      pursuant to this Article 9 if the amendment or supplement does not
      adversely affect the rights, duties, liabilities or immunities of the Trustee
      under this Indenture or otherwise. The Issuers and the Parent Guarantor may
      not
      sign an amendment or supplemental Indenture until their respective boards of
      directors or the Board of Directors of CCI approves it. In executing any amended
      or supplemental indenture, the Trustee shall be provided with and (subject
      to
      Section 7.01) shall be fully protected in relying upon, in addition to the
      documents required by Section 11.04, an Officer’s Certificate and an
      Opinion of Counsel, in each case from each of the Issuers, stating that the
      execution of such amended or supplemental indenture is authorized or permitted
      by this Indenture.

     

        
      ARTICLE X  

     

    GUARANTEE

     

    SECTION
      10.01.   Unconditional
      Guarantee.
      The
      Parent Guarantor unconditionally guarantees, on a senior unsecured basis, to
      the
      Holders of all Notes authenticated and delivered 

     

    
      
        
        

      

      
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      by
        the
        Trustee and to the Trustee and its successors and assigns that: (i) the
        principal of and interest on the Notes will be promptly paid in full when
        due,
        subject to any applicable grace period, whether at maturity, by acceleration
        or
        otherwise, and interest on the overdue principal, if any, and interest on
        any
        interest, to the extent lawful, of the Notes and all other Obligations of
        the
        Issuers to the Holders or the Trustee hereunder or thereunder will be promptly
        paid in full or performed, all in accordance with the terms hereof and thereof;
        and (ii) in case of any extension of time of payment or renewal of any
        Notes or of any such other Obligations, the same will be promptly paid in
        full
        when due or performed in accordance with the terms of the extension or renewal,
        subject to any applicable grace period, whether at stated maturity, by
        acceleration or otherwise. The Parent Guarantor agrees that its obligations
        hereunder shall be unconditional, irrespective of the validity, regularity
        or
        enforceability of the Notes or this Indenture, the absence of any action
        to
        enforce the same, any waiver or consent by any Holder with respect to any
        provisions hereof or thereof, the recovery of any judgment against the Issuers,
        and action to enforce the same or any other circumstance which might otherwise
        constitute a legal or equitable discharge or defense of a guarantor. The
        Parent
        Guarantor waives diligence, presentment, demand of payment, filing of claims
        with a court in the event of insolvency or bankruptcy of any Issuer, any
        right
        to require a proceeding first against an Issuer, protest, notice and all
        demands
        whatsoever and covenants that this Note Guarantee will not be discharged
        except
        by complete performance of the Obligations contained in the Notes, this
        Indenture and this Note Guarantee, and waives any and all defenses available
        to
        a surety (other than payment in full). If any Holder or the Trustee is required
        by any court or otherwise to return to the Issuers or the Parent Guarantor,
        or
        any custodian, trustee, liquidator or other similar official acting in relation
        to the Issuers or the Parent Guarantor, any amount paid by the Issuers or
        the
        Parent Guarantor to the Trustee or such Holder, this Note Guarantee, to the
        extent theretofore discharged, shall be reinstated in full force and effect.
        The
        Parent Guarantor further agrees that, as between the Parent Guarantor, on
        the
        one hand, and the Holders and the Trustee, on the other hand, (x) the
        maturity of the obligations guaranteed hereby may be accelerated as provided
        in
        Article 6 for the purposes of this Note Guarantee, notwithstanding any
        stay, injunction or other prohibition preventing such acceleration in respect
        of
        the Obligations guaranteed hereby, and (y) in the event of any acceleration
        of such obligations as provided in Article 6, such Obligations (whether or
        not due and payable) shall forthwith become due and payable by the Parent
        Guarantor for the purpose of this Note Guarantee.

    

     

    SECTION
      10.02.   Severability.
      In case any provision of this Note Guarantee shall be invalid, illegal or
      unenforceable, the validity, legality, and enforceability of the remaining
      provisions shall not in any way be affected or impaired thereby.

     

    SECTION
      10.03.   Waiver
      of Subrogation. Until all Obligations under the Notes are paid in full, the
      Parent Guarantor irrevocably waives any claims or other rights which it may
      now
      or hereafter acquire against the Issuer that arise from the existence, payment,
      performance or enforcement of the Parent Guarantor’s Obligations under its Note
      Guarantee and this Indenture, including any right of subrogation, reimbursement,
      exoneration, indemnification, and any right to participate in any claim or
      remedy of any Holder against the Issuers, whether or not such claim, remedy
      or
      right arises in equity, or under contract, statute or common law, including
      the
      right to take or receive from the Issuers, directly or indirectly, in cash
      or
      other property or by setoff or in any other manner, payment or security on
      account of such claim or other rights. If any amount shall be paid to the Parent
      Guarantor in violation of the preceding sentence and the 

     

     

    
      
        
        

      

      
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      Notes
        shall not have been paid in full, such amount shall have been deemed to have
        been paid to the Parent Guarantor for the benefit of, and held in trust for
        the
        benefit of, the Holders, and shall forthwith be paid to the Trustee for the
        benefit of the Holders to be credited and applied upon the Notes, whether
        matured or unmatured, in accordance with the terms of this Indenture. The
        Parent
        Guarantor acknowledges that it will receive direct and indirect benefits
        from
        the financing arrangements contemplated by this Indenture and that the waiver
        set forth in this Section 10.03 is knowingly made in contemplation of such
        benefits.

    

     

    SECTION
      10.04.   Execution
      of Note Guarantee. To evidence its Note Guarantee to the Holders set forth
      in this Article 10, the Parent Guarantor agrees to execute the Note
      Guarantee endorsed on each Note ordered to be authenticated and delivered by
      the
      Trustee. The Parent Guarantor agrees that its Note Guarantee set forth in this
      Article 10 shall remain in full force and effect notwithstanding any
      failure to endorse on each Note a notation of such Note Guarantee. Each such
      Note Guarantee shall be signed on behalf of the Parent Guarantor by one of
      its
      authorized Officers prior to the authentication of the Note on which it is
      endorsed, and the delivery of such Note by the Trustee, after the authentication
      thereof hereunder, shall constitute due delivery of such Note Guarantee on
      behalf of the Parent Guarantor. Such signatures upon the Note Guarantee may
      be
      by manual or facsimile signature of such Officer and may be imprinted or
      otherwise reproduced on the Note Guarantee, and in case any such Officer who
      shall have signed the Note Guarantee shall cease to be such Officer before
      the
      Note on which such Note Guarantee is endorsed shall have been authenticated
      and
      delivered by the Trustee or disposed of by the Issuers, such Note nevertheless
      may be authenticated and delivered or disposed of as though the Person who
      signed the Note Guarantee had not ceased to be such Officer of the Parent
      Guarantor.

     

    SECTION
      10.05.   Waiver
      of Stay, Extension or Usury Laws. The Parent Guarantor covenants (to the
      extent that it may lawfully do so) that it will not at any time insist upon,
      plead, or in any manner whatsoever claim or take the benefit or advantage of,
      any stay or extension law or any usury law or other law that would prohibit
      or
      forgive it from performing its Note Guarantee as contemplated herein, wherever
      enacted, now or at any time hereafter in force, or which may affect the
      covenants or the performance of this Indenture; and (to the extent that it
      may
      lawfully do so) the Parent Guarantor 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 XI  

     

    MISCELLANEOUS

     

    SECTION
      11.01.   Trust
      Indenture Act Controls.
      If any
      provision of this Indenture limits, qualifies or conflicts with the duties
      imposed by TIA Section 318(c), the imposed duties shall control.

     

    SECTION
      11.02.   Notices.
      Any notice or communication by the Issuers or the Trustee to the others is
      duly
      given if in writing and delivered in Person or mailed by first class mail

     

    
      
        
        

      

      
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    (registered
      or certified, return receipt requested),
      telex, telecopier or overnight air courier guaranteeing next day delivery,
      to
      the others’ address:

     

    If
      to the
      Issuers or the Parent Guarantor:

     

    CCH
      II,
      LLC

    CCH
      II
      Capital Corp.

    Charter
      Communications Holdings, LLC

    c/o
      Charter Communications, Inc.

    12405
      Powerscourt Drive, Suite 100

    St.
      Louis, Missouri 63131

    Telecopier
      No.: (314) 965-8793

    Attention:
      General Counsel and Corporate Secretary

     

    With
      a
      copy to:

     

    Gibson,
      Dunn & Crutcher LLP

    200
      Park
      Avenue

    New
      York,
      NY 10016

    Telecopier
      No.: (212) 351-4008

    Attention:
      Joerg Esdorn, Esq.

     

    If
      to the
      Trustee:

     

    The
      Bank
      of New York Trust Company, NA

    2
      North
      LaSalle Street, Suite 1020

    Chicago,
      Illinois 60602

    Telecopier
      No.: (312) 827-8542

    Attention:
      Corporate Trust Department

     

    The
      Issuers, the Parent Guarantor or the Trustee, by notice to the others may
      designate additional or different addresses for subsequent notices or
      communications.

     

    All
      notices and communications (other than those sent to Holders) shall be deemed
      to
      have been duly given: at the time delivered by hand, if personally delivered;
      five Business Days after being deposited in the mail, postage prepaid, if
      mailed; when answered back, if telexed; when receipt acknowledged, if
      telecopied; and the next Business Day after timely delivery to the courier,
      if
      sent by overnight air courier guaranteeing next day delivery.

     

    Any
      notice or communication to a Holder shall be mailed by first class mail,
      certified or registered, return receipt requested, or by overnight air courier
      guaranteeing next day delivery to its address shown on the register kept by
      the
      Registrar. Any notice or communication shall also be so mailed to any Person
      described in TIA Section 313(c), to the extent required by the TIA. Failure
      to
      mail a notice or communication to a Holder or any defect in it shall not affect
      its sufficiency with respect to other Holders.

     

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

     

     

    
      
        
        

      

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

     

    SECTION
      11.03.   Communication
      by Holders of Notes with Other Holders of Notes.
      Holders
      may communicate pursuant to TIA Section 312(b) with other Holders with respect
      to their rights under this Indenture or the Notes. The Issuers, the Parent
      Guarantor, the Trustee, the Registrar and anyone else shall have the protection
      of TIA Section 312(c).

     

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

     

    (1) an
      Officers’ Certificate in form and substance reasonably satisfactory to the
      Trustee (which shall include the statements set forth in Section 11.05)
      stating that, in the opinion of the signers, all conditions precedent and
      covenants, if any, provided for in this Indenture relating to the proposed
      action have been satisfied; and

     

    (2) an
      Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
      (which shall include the statements set forth in Section 11.05) stating
      that, in the opinion of such counsel, all such conditions precedent and
      covenants have been satisfied.

     

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

     

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

     

    (2) 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;

     

    (3) a
      statement that, in the opinion of such Person, he or she 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
      satisfied; and

     

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

     

    SECTION
      11.06.   Rules
      by Trustee and Agents.
      The
      Trustee may make reasonable rules for action by or at a meeting of Holders.
      The
      Registrar or Paying Agent may make reasonable rules and set reasonable
      requirements for its functions.

     

    SECTION
      11.07.   No
      Personal Liability of Directors, Officers, Employees, Incorporators, Members
      and
      Stockholders. No director, officer, employee or incorporator of the Issuers
      or the Parent Guarantor, as such, and no member or stockholder of the Issuers
      or
      the Parent Guarantor, as such, shall have any liability for any obligations
      of
      the Issuers or the Parent Guarantor under the Notes, this Indenture, the Note
      Guarantee or any Registration Rights Agreement, or for any 

     

    
      
        
        

      

      
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      claim
        based on, in respect of, or by reason of, such obligations or their creation.
        Each Holder of Notes by accepting a Note and a Note Guarantee waives and
        releases all such liability. The waiver and release are part of the
        consideration for issuance of the Notes and the Note
        Guarantee.

    

     

    SECTION
      11.08.   Governing
      Law. THE
      INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
      THIS
      INDENTURE AND THE NOTES AND THE NOTE GUARANTEE WITHOUT GIVING EFFECT TO THE
      APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE APPLICATION
      OF
      THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE PARTIES
      HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW
      YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE
      OR
      THE NOTES OR ANY NOTE GUARANTEE.

     

    SECTION
      11.09.   No
      Adverse Interpretation of Other Agreements. This Indenture may not be used
      to interpret any other indenture, loan or debt agreement of the Issuers, their
      Parents or their Subsidiaries or of any other Person. Any such indenture, loan
      or debt agreement may not be used to interpret this Indenture.

     

    SECTION
      11.10.   Successors.
      All agreements of the Issuers and the Parent Guarantor in this Indenture and
      the
      Notes, as the case may be, shall bind their respective successors. All
      agreements of the Trustee in this Indenture shall bind its
      successors.

     

    SECTION
      11.11.   Severability.
      In case any provision in this Indenture or the Notes, as the case may be, shall
      be invalid, illegal or unenforceable, the validity, legality and enforceability
      of the remaining provisions shall not in any way be affected or impaired
      thereby.

     

    SECTION
      11.12.   Counterpart
      Originals. The parties may sign any number of copies of this Indenture. Each
      signed copy shall be an original, but all of them together represent the same
      agreement.

     

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

     

    SECTION
      11.14.   Waiver
      of Jury Trial. EACH OF THE ISSUERS AND THE TRUSTEE HEREBY IRREVOCABLY
      WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT
      TO
      TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS
      INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

     

    SECTION
      11.15.   Force
      Majeure. In no event shall the Trustee be responsible or liable for any
      failure or delay in the performance of its obligations hereunder arising out
      of
      or caused by, directly or indirectly, forces beyond its control, including,
      without limitation, strikes, work stoppages, accidents, acts of war or
      terrorism, civil or military disturbances, nuclear or natural catastrophes
      or
      acts of God, and interruptions, loss or malfunctions of utilities,
      communications 

     

    
      
        
        

      

      
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    or
      computer (software and hardware) services; it
      being understood that the Trustee shall use reasonable efforts which are
      consistent with accepted practices in the banking industry to resume performance
      as soon as practicable under the circumstances.

     

    ARTICLE
      XII  

     

    SATISFACTION
      AND DISCHARGE

     

    SECTION
      12.01.   Satisfaction
      and Discharge of Indenture.
      This
      Indenture, the Notes, the Note Guarantee and any Registration Rights Agreement
      shall cease to be of further effect (except as to any surviving rights of
      registration of transfer or exchange of Notes herein expressly provided for),
      and the Trustee, on demand of and at the expense of the Issuers, shall execute
      proper instruments acknowledging satisfaction and discharge of this Indenture,
      the Notes, the Note Guarantee and any Registration Rights Agreement,
      when

     

    (1) either:

     

    (a) all
      Notes
      theretofore authenticated and delivered (other than (i) Notes which have
      been destroyed, lost or stolen and which have been replaced or paid as provided
      in Section 2.07 and (ii) Notes for whose payment money has theretofore
      been deposited in trust or segregated and held in trust by the Issuers and
      thereafter repaid to the Issuers or discharged from such trust,) have been
      delivered to the Trustee for cancellation; or

     

    (b) all
      such
      Notes not theretofore delivered to the Trustee for cancellation:

     

    (i) have
      become due and payable, or

     

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

     

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

     

    and
      the
      Issuers, in the case of (i), (ii) or (iii) above, have deposited or caused
      to be
      deposited with the Trustee as trust funds in trust for the purpose an amount
      sufficient to pay and discharge the entire indebtedness on such Notes not
      theretofore delivered to the Trustee for cancellation, for principal (and
      premium, if any) and interest to the date of such deposit (in the case of Notes
      which have become due and payable) or to the maturity or redemption thereof,
      as
      the case may be;

     

    (2) the
      Issuers have paid or caused to be paid all other sums payable hereunder by
      the
      Issuers; and

     

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

     

     

    
      
        
        

      

      
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    Notwithstanding
      the satisfaction and discharge of this Indenture pursuant to this
      Article 12, the obligations of the Issuers to the Trustee under
      Section 7.07, and, if money shall have been deposited with the Trustee
      pursuant to subclause (b) of clause (1) of this Section, the
      obligations of the Trustee under Section 12.02 shall survive such
      satisfaction and discharge.

     

    SECTION
      12.02.   Application
      of Trust Money.
      All
      money deposited with the Trustee pursuant to Section 12.01 shall be held in
      trust and applied by it, in accordance with the provisions of the Notes and
      this
      Indenture, to the payment, either directly or through any Paying Agent as the
      Trustee may determine, to the Persons entitled thereto, of the principal (and
      premium, if any) and interest for whose payment such money has been deposited
      with the Trustee.

     

    [Signatures
      on following page]

     

    

    
      
        
        

      

      
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    Dated
      as
      of September 14, 2006

     

    CCH
      II,
      LLC, as an Issuer

     

    By:
      /s/ Eloise Schmitz         

          
      Name: Eloise Schmitz 

          
Title:
      Senior Vice-President, Strategic Planning

     

    CCH
      II
      CAPITAL CORP., as an Issuer

     

    By:
      /s/ Eloise Schmitz         

          
Name:
      Eloise Schmitz

          
Title:
      Senior Vice-President, Strategic Planning

     

    CHARTER
      COMMUNICATIONS HOLDINGS, LLC, as Parent Guarantor

     

    By:
      /s/ Eloise Schmitz         

          
Name:
      Eloise Schmitz

          
Title:
      Senior Vice-President, Strategic Planning

     

    The
      Bank
      of New York Trust Company, NA, as Trustee

     

    By:
      /s/ M Callahan        

          
Name:
      M.
      Callahan

          
Title:
      Vice President

     

    SIGNATURE
      PAGE FOR INDENTURE

     

    

    
      
         

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    [Face
      of
      Note]

     

    THE
      HOLDER OF THIS NOTE BY ACCEPTANCE HEREOF ALSO AGREES, REPRESENTS AND WARRANTS
      THAT IF IT IS A PURCHASER IN A SALE THAT OCCURS OUTSIDE THE UNITED STATES WITHIN
      THE MEANING OF REGULATION S OF THE SECURITIES ACT, IT ACKNOWLEDGES THAT, UNTIL
      EXPIRATION OF THE “40-DAY DISTRIBUTION COMPLIANCE PERIOD” WITHIN THE MEANING OF
      RULE 903 OF REGULATION S, ANY OFFER OR SALE OF THIS NOTE SHALL NOT BE MADE
      BY IT
      TO A U.S. PERSON TO OR FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON WITHIN THE
      MEANING OF RULE 902(k) UNDER THE SECURITIES ACT.1 

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OR TRANSFER,
      EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
      CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUIRED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER REPRESENTATIVE
      OF
      THE DEPOSITORY TRUST COMPANY OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE
      TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY) ANY TRANSFER, PLEDGE OR OTHER
      USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
      REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.2  

     

    TRANSFERS
      OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
      PART,
      TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
      NOMINEE.3 

     

    THIS
      SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
      1933,
      AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW. THE HOLDER
      HEREOF, BY PURCHASING THIS SECURITY, AGREES FOR THE BENEFIT OF THE COMPANY
      THAT
      NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED,
      RESOLD, PLEDGED OR OTHERWISE TRANSFERRED (X) PRIOR TO THE SECOND 

    
      ——————

      
        1This
          paragraph should be included only for Regulation S Global
          Notes.

        2This
          paragraph should be included only if the Notes are issued in global
          form.

        3This
          paragraph should be included only if the Notes are issued in global
          form.

         

         

        
          
            
            

          

          
            A-1

            
              

            

          

          
            
            

          

        

      

       

      ANNIVERSARY
        OF THE ISSUANCE HEREOF OR (Y) AT ANY TIME BY ANY TRANSFEROR THAT WAS AN
        AFFILIATE OF EITHER ISSUER DURING THE THREE MONTHS PRECEDING THE DATE OF
        SUCH
        OFFER, RESALE, PLEDGE OR OTHER TRANSFER, IN EITHER CASE, OTHER THAN (1) TO
        AN
        ISSUER, (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
        ACT, (3) SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE
        144A
        UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON WHOM THE TRANSFEROR
        REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING
        OF
        RULE 144A PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
        INSTITUTIONAL BUYER, IN EACH CASE, TO WHOM NOTICE IS GIVEN THAT THE OFFER,
        RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
        (4) TO NON-U.S. PERSONS IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
        RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, OR (5) IN
        ANY
        OTHER TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES
        ACT,
        IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE
        OF
        THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND SUBJECT TO THE
        TRUSTEE OR THE ISSUERS RECEIVING SUCH CERTIFICATES, LEGAL OPINIONS AND OTHER
        INSTRUMENTS, IN THE CASE OF TRANSFERS PURSUANT TO CLAUSES (3), (4) OR (5),
        AS
        MAY BE REQUIRED BY THE INDENTURE.4 

    

    ————————

     

    4This
      paragraph should be removed upon the exchange of Notes for Exchange Notes in
      a
      Registered Exchange Offer or upon the registration of the Notes pursuant to
      the
      terms of a Registration Rights Agreement.

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

     

    CUSIP
      NO.
      [_________]

     

    10.25%
      Senior Notes due 2013

     

    No.
      ___

     

    $[__________________]

     

    CCH
      II,
      LLC and CCH II CAPITAL CORP. promise to pay to
      _________________________________________________________ or its registered
      assigns, the principal amount of _____________________________________________
      Dollars ($______________________________) on October 1, 2013.

     

    Interest
      Payment Dates: April 1 and October 1

     

    Record
      Dates: September 15 and March 15

     

    Subject
      to Restrictions set forth in this Note.

     

    IN
      WITNESS WHEREOF, each of CCH II, LLC and CCH II Capital Corp. has caused this
      instrument to be duly executed.

     

    Dated:
      

     

    CCH
      II,
      LLC

     

    By:
      ________________________________

     

    Name:

    Title:

     

    CCH
      II
      CAPITAL CORP.

     

    By:
      ________________________________

     

    Name:

    Title:

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

     

    This
      is
      one of the Notes referred to in the within-mentioned Indenture.

     

    THE
      BANK
      OF NEW YORK TRUST

     

    COMPANY,
      NA, as Trustee

     

    By:
      /s/ M
      Callahan              

         
Authorized
      Signatory

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

     

    [Back
      of
      Note]

     

    10.25%
      Senior Notes due 2013

     

    Capitalized
      terms used herein shall have the meanings assigned to them in the Indenture
      referred to below unless otherwise indicated.

     

    
      	
              1.

            	
              Interest

            

    

     

    CCH
      II,
      LLC, a Delaware limited liability company (the “Company”),
      and
      CCH II Capital Corp., a Delaware corporation (“Capital
      Corp”
and,
      together with the Company, the “Issuers”),
      promise to pay interest on the principal amount of this Note at the rate of
      10.25% per annum from the Issue Date until maturity. The interest rate on the
      Notes is subject to increase pursuant to the provisions of the Registration
      Rights Agreement entered into on the Issue Date. The Issuers will pay interest
      semi-annually in arrears on April 1 and October 1 of each year commencing on
      April 1, 2007 (each an “Interest
      Payment Date”),
      or if
      any such day is not a Business Day, on the next succeeding Business Day.
      Interest on the Notes will accrue from and including the most recent date to
      which interest has been paid or, if no interest has been paid, from the date
      of
      issuance; provided
      that if
      there is no existing Default in the payment of interest, and if this Note is
      authenticated between a record date referred to on the face and the next
      succeeding Interest Payment Date, interest shall accrue from and including
      such
      next succeeding Interest Payment Date. The Issuers shall pay interest (including
      post-petition interest in any proceeding under any Bankruptcy Law) on overdue
      principal and premium, if any, from time to time on demand at the rate then
      in
      effect; they shall pay interest (including post-petition interest in any
      proceeding under any Bankruptcy Law) on overdue installments of interest
      (without regard to any applicable grace periods) from time to time on demand
      at
      the same rate. Interest will be computed on the basis of a 360-day year of
      twelve 30-day months.

     

    
      	
              2.

            	
              Method
                of Payment

            

    

     

    The
      Issuers shall pay interest on the Notes (except defaulted interest) to the
      Persons who are registered Holders of Notes at the close of business on the
      March 15 or September 15 next preceding the Interest Payment Date, even if
      such
      Notes are canceled after such record date and on or before such Interest Payment
      Date, except as provided in Section 2.12 of the Indenture with respect to
      defaulted interest. Payments in respect of the Notes represented by the Global
      Notes (including principal, premium, if any, and interest) will be made by
      wire
      transfer of immediately available funds to the accounts specified by the Global
      Note holder. With respect to Notes in certificated form, the Issuer will make
      all payments of principal, premium, if any, and interest, by wire transfer
      of
      immediately available funds to the accounts specified by the holders thereof
      or,
      if no such account is specified, by mailing a check to each such holder’s
      registered address. Such payment shall be in such coin or currency of the United
      States of America as at the time of payment is legal tender for payment of
      public and private debts.

     

    
      	
              3.

            	
              Paying
                Agent and Registrar

            

    

     

    Initially,
      The Bank of New York Trust Company, NA, the Trustee under the Indenture, will
      act as Paying Agent and Registrar. The Issuers may change any Paying Agent
      or
      Registrar 

     

    
      
        
        

      

      
        A-5

        
          

        

      

      
        
        

      

    

     

    without
      notice to any Holder. The Company or any of
      its Subsidiaries may act in any such capacity.

     

    
      	
              4.

            	
              Indenture

            

    

     

    The
      Issuers issued the Notes under an Indenture dated as of September 14, 2006
      (the
“Indenture”)
      among
      the Issuers, the Parent Guarantor and the Trustee. Capitalized terms not
      otherwise defined herein are used herein as defined in the Indenture. The terms
      of the Notes include those stated in the Indenture and those made part of the
      Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S.
      Code Section 77aaa-77bbbb). The Notes are subject to all such terms, and Holders
      are referred to the Indenture and such Act for a statement of such terms. To
      the
      extent any provision of this Note conflicts with the express provisions of
      the
      Indenture, the provisions of the Indenture shall govern and be
      controlling.

     

    
      	
              5.

            	
              Optional
                Redemption

            

    

     

    (a) Except
      as
      set forth in clause (b) of this paragraph 5, the Issuers shall not
      have the option to redeem the Notes pursuant to this paragraph 5 prior to
      October 1, 2010. On October 1, 2010 and thereafter, the Issuers shall have
      the
      option to redeem the Notes, in whole or in part, at the applicable redemption
      prices (expressed as percentages of the principal amount) set forth below plus
      accrued and unpaid interest thereon, if any, to the applicable redemption date,
      if redeemed during the twelve-month period beginning on October 1 of the years
      indicated below:

     

    
      	
              Year

            	
              Percentage

            
	
              2010

            	
              105.125%

            
	
              2011

            	
              102.563%

            
	
              2012
                and thereafter

            	
              100.000%

            

    

     

    (b) Notwithstanding
      the provisions of clause (a) of this Paragraph 5, at any time prior to
      October 1, 2009, the Issuers may on any one or more occasions redeem up to
      35%
      of the original aggregate principal amount of the Notes (including the principal
      amount of any Additional Notes) issued under the Indenture on a pro rata basis
      (or as nearly pro rata as practicable), at a redemption price of 110.25% of
      the
      principal amount thereof, plus accrued and unpaid interest to the redemption
      date, with the net cash proceeds of one or more Equity Offerings; provided
      that:

     

    (1) at
      least
      65% of the original aggregate principal amount of Notes (including the principal
      amount of any Additional Notes) issued under the Indenture must remain
      outstanding immediately after the occurrence of such redemption (excluding
      Notes
      held by the Company and its Subsidiaries); and

     

    (2) the
      redemption must occur within 60 days of the date of the closing of such Equity
      Offering.

     

     

    
      
        
        

      

      
        A-6

        
          

        

      

      
        
        

      

    

     

    
      	
              6.

            	
              Mandatory
                Redemption and
                Repurchase

            

    

     

    Except
      as
      otherwise provided in Paragraph 7 below, the Issuers shall not be required
      to make mandatory redemption payments with respect to the Notes or be required
      to repurchase any of the Notes.

     

    
      	
              7.

            	
              Repurchase
                at Option of Holder

            

    

     

    (a) If
      there
      is a Change of Control, the Issuers shall make an offer (a “Change
      of Control Offer”)
      to
      repurchase all or any part (equal to $1,000 in principal amount or an integral
      multiple thereof) of each Holder’s Notes at a purchase price equal to 101% of
      the aggregate principal amount thereof plus accrued and unpaid interest thereon,
      if any, to the date of purchase (the “Change
      of Control Payment”).
      Within 10 days following any Change of Control, the Issuers shall mail a notice
      to each Holder describing the transaction or transactions that constitute the
      Change of Control and offering to repurchase Notes on the Change of Control
      Payment Date specified in such notice, pursuant to the procedures required
      by
      the Indenture and described in such notice.

     

    (b) If
      the
      Company or a Restricted Subsidiary thereof consummates any Asset Sale, the
      Issuers may be required to offer to purchase the Notes.

     

    
      	
              8.

            	
              Denominations,
                Transfer, Exchange

            

    

     

    The
      Notes
      are in registered form without coupons in denominations of $1,000 and integral
      multiples of $1,000. The transfer of Notes may be registered and Notes may
      be
      exchanged as provided in the Indenture. The Registrar and the Trustee may
      require a Holder, among other things, to furnish appropriate endorsements and
      transfer documents, and the Issuers may require a Holder to pay any taxes and
      fees required by law or permitted by the Indenture. The Issuers need not
      exchange or register the transfer of any Note or portion of a Note selected
      for
      redemption or repurchase, except for the unredeemed or unrepurchased portion
      of
      any Note being redeemed or repurchased in part. Also, the Issuers need not
      exchange or register the transfer of any Notes for a period of 15 days before
      a
      selection of Notes to be redeemed or repurchased or during the period between
      a
      record date and the corresponding Interest Payment Date.

     

    
      	
              9.

            	
              Persons
                Deemed Owners

            

    

     

    The
      registered Holder of a Note may be treated as its owner for all
      purposes.

     

    
      	
              10.

            	
              Amendment,
                Supplement and Waiver

            

    

     

    Subject
      to certain exceptions, the Indenture, the Notes or the Note Guarantee may be
      amended or supplemented with the consent of the Holders of at least a majority
      in aggregate principal amount of the Notes then outstanding (including consents
      obtained in connection with a purchase of, or tender offer or exchange offer
      for, Notes), and any existing default or compliance with any provision of the
      Indenture, the Notes or the Note Guarantee may be waived with the consent of
      the
      Holders of a majority in aggregate principal amount of the Notes then
      outstanding (including consents obtained in connection with a purchase of,
      or
      tender offer or exchange offer 

     

    
      
        
        

      

      
        A-7

        
          

        

      

      
        
        

      

       

       

      for,
        Notes). Without the consent of any Holder of a Note, the Issuers, the Parent
        Guarantor and the Trustee may amend or supplement the Indenture, the Notes
        or
        the Note Guarantee to cure any ambiguity, defect or inconsistency, to provide
        for uncertificated Notes in addition to or in place of certificated Notes,
        to
        provide for the assumption of an Issuer’s or Parent Guarantor’s obligations to
        Holders of Notes in the case of a merger or consolidation or sale of all
        or
        substantially all of the Issuers’ assets, to release any Subsidiary Guarantee in
        accordance with the provisions of the Indenture, to make any change that
        would
        provide any additional rights or benefits to the Holders of Notes or that
        does
        not adversely affect the legal rights under the Indenture of any such Holder,
        to
        comply with the requirements of the SEC in order to effect or maintain the
        qualification of the Indenture under the TIA or otherwise as necessary to
        comply
        with applicable law.

    

     

    
      	
              11.

            	
              Defaults
                and Remedies

            

    

     

    Each
      of
      the following is an Event of Default: (i) default for 30 consecutive days
      in the payment when due of interest on the Notes, (ii) default in payment
      when due of the principal of or premium, if any, on the Notes,
      (iii) failure by the Company or any of its Restricted Subsidiaries to
      comply with Sections 4.16 and 5.01 of the Indenture, (iv) failure by
      the Company or any of its Restricted Subsidiaries for 30 consecutive days after
      written notice thereof has been given to the Issuers by the Trustee or to the
      Issuers and the Trustee by the Holders of at least 25% of the principal amount
      of the Notes outstanding to comply with any of their other covenants or
      agreements in the Indenture, (v) default under any mortgage, indenture or
      instrument under which there may be issued or by which there may be secured
      or
      evidenced any Indebtedness for money borrowed by the Company or any of its
      Restricted Subsidiaries (or the payment of which is guaranteed by the Company
      or
      any of its Restricted Subsidiaries), whether such Indebtedness or guarantee
      now
      exists or is created after the date of the Indenture, if that default:
      (a) is caused by a failure to pay at final stated maturity the principal
      amount of such Indebtedness prior to the expiration of the grace period provided
      in such Indebtedness on the date of such default (a “Payment
      Default”);
      or
      (b) results in the acceleration of such Indebtedness prior to its express
      maturity, and, in each case, the principal amount of any such Indebtedness,
      together with the principal amount of any other such Indebtedness under which
      there has been a Payment Default or the maturity of which has been so
      accelerated, aggregates $100 million or more, (vi) failure by the Company
      or any of its Restricted Subsidiaries to pay final judgments which are
      non-appealable aggregating in excess of $100 million (net of applicable
      insurance which has not been denied in writing by the insurer), which judgments
      are not paid, discharged or stayed for a period of 60 days or (vii) certain
      events of bankruptcy or insolvency with respect to the Company or any of its
      Significant Subsidiaries. In the case of an Event of Default arising from
      certain events of bankruptcy or insolvency with respect to the Company, all
      outstanding Notes will become due and payable without further action or notice.
      If any other Event of Default occurs and is continuing, the Trustee by notice
      to
      the Issuers or the Holders of at least 25% in principal amount of the then
      outstanding Notes by notice to the Issuers and the Trustee may declare all
      the
      Notes to be due and payable. Holders may not enforce the Indenture or the Notes
      except as provided in the Indenture. Subject to certain limitations, Holders
      of
      a majority in aggregate principal amount of the then outstanding Notes may
      direct the Trustee in its exercise of any trust or power. The Trustee may
      withhold from Holders of the Notes notice of any continuing Default or Event
      of
      Default (except a Default or Event of Default relating to the payment of
      principal or interest) if it determines that withholding notice is in their
      interest. The 

     

     

    
      
        
        

      

      
        A-8

        
          

        

      

      
        
        

      

       

       

      Holders
        of a majority in aggregate principal amount of the Notes then outstanding
        by
        notice to the Trustee may on behalf of the Holders of all of the Notes waive
        any
        existing Default or Event of Default and its consequences under the Indenture
        except a continuing Default or Event of Default in the payment of interest
        on,
        or the principal of, the Notes. The Issuers are required to deliver to the
        Trustee annually a statement regarding compliance with the Indenture. Upon
        becoming aware of any Default or Event of Default, the Issuers are required
        to
        deliver to the Trustee a statement specifying such Default or Event of
        Default.

    

     

    
      	
              12.

            	
              Trustee
                Dealings with Issuers

            

    

     

    The
      Trustee, in its individual or any other capacity, may make loans to, accept
      deposits from, and perform services for the Issuers or their Affiliates, and
      may
      otherwise deal with the Issuers or their Affiliates, as if it were not the
      Trustee.

     

    
      	
              13.

            	
              No
                Recourse Against
                Others

            

    

     

    A
      director, officer, employee, incorporator, member or stockholder of either
      of
      the Issuers or the Parent Guarantor, as such, shall not have any liability
      for
      any obligations of the Issuers or the Parent Guarantor under the Notes, the
      Indenture, the Note Guarantee or any Registration Rights Agreement or for any
      claim based on, in respect of, or by reason of, such obligations or their
      creation. Each Holder by accepting a Note and a Note Guarantee waives and
      releases all such liability. The waiver and release are part of the
      consideration for the issuance of the Notes and the Note
      Guarantees.

     

    
      	
              14.

            	
              Governing
                Law

            

    

     

    THE
      INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
      THIS
      NOTE AND THE INDENTURE WITHOUT GIVING EFFECT TO THE APPLICABLE PRINCIPLES OF
      CONFLICTS OF LAWS TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
      JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE PARTIES HERETO AND THE
      HOLDERS AGREE TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW
      YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
      NOTE.

     

    
      	
              15.

            	
              Authentication

            

    

     

    This
      Note
      shall not be valid until authenticated by the manual signature of the Trustee
      or
      an authenticating agent.

     

    
      	
              16.

            	
              Abbreviations

            

    

     

    Customary
      abbreviations may be used in the name of a Holder or an assignee, such as:
      TEN
      COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (=
      joint tenants with right of survivorship and not as tenants in common), CUST
      (=
      Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

     

     

    
      
        
        

      

      
        A-9

        
          

        

      

      
        
        

      

    

     

    
      	
              17.

            	
              Additional
                Rights of Holders of Restricted Global Notes and Restricted Definitive
                Notes

            

    

     

    In
      addition to the rights provided to Holders of Notes under the Indenture, Holders
      of Restricted Global Notes and Restricted Definitive Notes shall have all the
      rights set forth in the applicable Registration Rights Agreement. 

     

    
      	
              18.

            	
              CUSIP
                Numbers

            

    

     

    Pursuant
      to a recommendation promulgated by the Committee on Uniform Security
      Identification Procedures, the Issuers have caused CUSIP numbers to be printed
      on the Notes and the Trustee may use CUSIP numbers in notices of redemption
      as a
      convenience to Holders. No representation is made as to the accuracy of such
      numbers either as printed on the Notes or as contained in any notice of
      redemption and reliance may be placed only on the other identification numbers
      placed thereon.

     

    The
      Issuers will furnish to any Holder upon written request and without charge
      a
      copy of the Indenture and/or any Registration Rights Agreement. Requests may
      be
      made to:

     

    CCH
      II, LLC

    CCH
      II Capital Corp.

    c/o
      Charter Communications, Inc.

    12405
      Powerscourt Drive Suite 100

    St.
      Louis, Missouri 63131

    Attention:
      Secretary

    Telecopier
      No.: (314) 965-8793

    
      
        
        

      

      
        A-10

        
          

        

      

      
        
        

      

    

    ASSIGNMENT
      FORM

     

    To
      assign
      this Note, fill in the form below:

     

    (I)
      or
      (we) assign and transfer this Note to:

     

     

    (Insert
      assignee’s legal name)

     

     

    (Insert
      assignee’s soc. sec. or tax I.D. no.)

     

     

     

     

     

     

     

     

    (Print
      or
      type assignee’s name, address and zip code)

     

    and
      irrevocably appoint ________________________________________________ to transfer
      this Note on the books of the Issuers. The agent may substitute another to
      act
      for him.

     

    Date:
      __________________ Your Signature:  

    (Sign
      exactly as your name appears

    on
      the
      face of this Note)

     

    Signature
      Guarantee*:  

     

    * Participant
      in a recognized Signature Guarantee Medallion Program (or other signature
      guarantor acceptable to the Trustee).

    
      
        
        

      

      
        A-11

        
          

        

      

      
        
        

      

    

    OPTION
      OF
      HOLDER TO ELECT PURCHASE

     

    If
      you
      want to elect to have this Note purchased by the Issuers pursuant to
      Section 4.11 or 4.16 of the Indenture, check the appropriate box
      below:

     

    o
      Section 4.11

    o
      Section 4.16

     

    If
      you
      want to elect to have only part of the Note purchased by the Issuers pursuant
      to
      Section 4.11 or Section 4.16 of the Indenture, state the amount you
      elect to have purchased: $_______________.

     

    Date:
      __________________ Your Signature:  

    (Sign
      exactly as your name appears

    on
      the
      face of this Note)

     

    Tax
      Identification No.:  

     

    Signature
      Guarantee*:  

     

    * Participant
      in a recognized Signature Guarantee Medallion Program (or other signature
      guarantor acceptable to the Trustee).

    
      
        
        

      

      
        A-12

        
          

        

      

      
        
        

      

    

    CERTIFICATE
      TO BE DELIVERED UPON EXCHANGE OR

     

    REGISTRATION
      OF TRANSFER RESTRICTED NOTES

     

    

     

     

    CCH
      II,
      LLC

    CCH
      II
      Capital Corp.

    c/o
      Charter Communications, Inc.

    12405
      Powerscourt Drive, Suite 100

    St.
      Louis, Missouri 63131

     

    Attention:
      Chief Financial Officer

     

    The
      Bank
      of New York Trust Company, NA

    2
      North
      LaSalle Street, Suite 1020

    Chicago,
      Illinois 60602

     

    Attention:
      Corporate Trust Department

     

    Re:
      CUSIP
      # _________________

     

    Reference
      is hereby made to the Indenture, dated as of September 14, 2006 (the
“Indenture”),
      among
      CCH II, LLC (the “Company”),
      CCH
      II Capital Corp. (“Capital
      Corp”
and,
      together with the Company, the “Issuers”),
      Charter Communications Holdings, LLC, as Parent Guarantor, and The Bank of
      New
      York Trust Company, NA, as Trustee. Capitalized terms used but not defined
      herein shall have the meanings set forth in the Indenture.

     

    This
      certificate relates to $_________ principal amount of Notes held in (check
      applicable space) ____ book-entry or _____ definitive form by the
      undersigned.

     

    The
      undersigned __________________ (transferor) (check one box below):

     

    
      	
              o

            	
              hereby
                requests the Registrar to deliver in exchange for its beneficial
                interest
                in the Global Note held by the Depositary a Note or Notes in definitive,
                registered form of authorized denominations and an aggregate principal
                amount equal to its beneficial interest in such Global Note (or the
                portion thereof indicated above), in accordance with Section 2.06
                of the
                Indenture;

            

    

     

    
      	
              o

            	
              hereby
                requests the Trustee to exchange or register the transfer of a Note
                or
                Notes to _____________
                (transferee).

            

    

     

    In
      connection with any transfer of any of the Notes evidenced by this certificate
      occurring prior to the expiration of the periods referred to in Rule 144(k)
      under the Securities Act of 1933, as amended, the undersigned confirms that
      such
      Notes are being transferred in accordance with its terms:

    
      
        
        

      

      
        A-13

        
          

        

      

      
        
        

      

    

     

    CHECK
      ONE
      BOX BELOW:

     

    
      
        	
                (1)

              	
                o

              	
                to
                  the Issuers or any of their subsidiaries;
                  or

              

      

       

    

    
      	
              (2)

            	
              o

            	
              pursuant
                to an effective registration statement under the Securities Act of
                1933,
                as amended; or

            

    

     

    
      	
              (3)

            	
              o

            	
              inside
                the United States to a “qualified institutional buyer” (as defined in
                Rule 144A under the Securities Act of 1933, as amended) that
                purchases for its own account or for the account of a qualified
                institutional buyer to whom notice is given that such transfer is
                being
                made in reliance on Rule 144A under the Securities Act of 1933, as
                amended, in each case pursuant to and in compliance with Rule 144A
                thereunder; or

            

    

     

    
      	
              (4)

            	
              o

            	
              outside
                the United States in an offshore transaction within the meaning of
                Regulation S under the Securities Act of 1933, as amended, in
                compliance with Rule 904 thereunder;
                or

            

    

     

    
      	
              (5)

            	
              o

            	
              in
                another transaction that does not require registration under the
                Securities Act.

            

    

     

    Unless
      one of the boxes is checked, the Registrar will refuse to register any of the
      Notes evidenced by this certificate in the name of any person other than the
      registered holder thereof.

     

    __________________________________________

    Signature

     

     

    Signature
      Guarantee:    __________________________________________________________________________

    (Signature
      must be guaranteed by a participant in a recognized signature guarantee
      medallion program)

     

                         TO
      BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED.

     

    The
      undersigned represents and warrants that it is purchasing this Note for its
      own
      account or an account with respect to which it exercises sole investment
      discretion and that it and any such account is a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act of 1933, as
      amended (“Rule 144A”), and is aware that the sale to it is being made in
      reliance on Rule 144A and acknowledges that it has received such
      information regarding the Company as the undersigned has requested pursuant
      to
      Rule 144A or has determined not to request such information and that it is
      aware that the transferor is relying upon the undersigned’s foregoing
      representations in order to claim the exemption from registration provided
      by
      Rule 144A.

     

    ——————————————

    [Name
      of
      Transferee]

     

    

    
      
        
        

      

      
        A-14

        
          

        

      

      
        
        

      

    

     

    
       

      Dated:
        ______________________________

       

      NOTICE:
        To be executed by an executive officer

       

      
        
           

        

        
          A-15

          
            

          

        

        
           

        

      

    SCHEDULE
      OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE5 

     

    The
      following exchanges of a part of this Global Note for an interest in another
      Global Note or for a Definitive Note, or exchanges of a part of another Global
      Note or Definitive Note for an interest in this Global Note, have been
      made:

     

    
      	
              Date
                of Exchange

            	
              Amount
                of decrease in Principal Amount of this Global Note

            	
              Amount
                of increase in Principal Amount of this Global Note

            	
              Principal
                Amount of this Global Note following such decrease (or
                increase)

            	
              Signature
                of authorized officer of Trustee or Note Custodian

            
	 	 	 	 	 

    

    

     

    ———————

    5Should
      be
      included only in Notes issued in global form.

    
 

    
      
        
        

      

      
        A-16

        
          

        

      

      
        
        

      

    

     

    NOTE
      GUARANTEE

     

    For
      value
      received, the undersigned hereby unconditionally guarantees, on a senior
      unsecured basis, to the Holder of this Note the cash payments in United States
      dollars of principal of, premium, if any, and interest on this Note in the
      amounts and at the times when due and interest on the overdue principal,
      premium, if any, and interest, if any, of this Note, if lawful, and the payment
      or performance of all other Obligations of the Issuers under the Indenture
      or
      this Note, to the Holder of this Note and the Trustee, in accordance with the
      Note, Article 10 of the Indenture and this Note Guarantee, including the
      terms stated in the Note, the Indenture and this Note Guarantee. The validity
      and enforceability of this Note Guarantee shall not be affected by the fact
      that
      it is not affixed to any particular Note. Capitalized terms used but not defined
      herein shall have the meanings ascribed to them in the Indenture dated as of
      September 14, 2006 among CCH II, LLC, a Delaware limited liability company,
      CCH
      II Capital Corp., a Delaware corporation, the undersigned, and The Bank of
      New
      York Trust Company, NA, as trustee (as amended or supplemented, the
“Indenture”).

     

    THIS
      NOTE GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
      LAWS
      OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES
      OF
      CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAW OF ANOTHER
      JURISDICTION WOULD BE REQUIRED THEREBY. The
      undersigned hereby agrees to submit to the jurisdiction of the courts of the
      State of New York in any action or proceeding arising out of or relating to
      this
      Note Guarantee.

     

    This
      Note
      Guarantee is subject to release upon the terms set forth in the
      Indenture.

     

    CHARTER
      COMMUNICATIONS HOLDINGS, LLC

     

    By:____________________________________

    Name:

    Title:

     

     

    
       

    

    
       

    

    
      
        
        

      

      
        A-17

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B

     

    [FORM
      OF
      CERTIFICATE TO BE DELIVERED

    IN
      CONNECTION WITH TRANSFERS PURSUANT TO RULE 144A]

     

    CCH
      II,
      LLC

    CCH
      II
      Capital Corp.

    c/o
      Charter Communications, Inc.

    12405
      Powerscourt Drive, Suite 100

    St.
      Louis, Missouri 63131

     

    Attention:
      Chief Financial Officer

     

    The
      Bank
      of New York Trust Company, NA

    2
      North
      LaSalle Street, Suite 1020

    Chicago,
      Illinois 60602

    Attention:
      Corporate Trust Department

     

    
      	 	
              Re:

            	
              CCH
                II, LLC and CCH II Capital Corp. (the
“Issuers”)

            

    

    10.25%
      Senior Notes due 2013 (the “Notes”)

     

    Ladies
      and Gentlemen:

     

    In
      connection with our proposed sale of $________ aggregate principal amount at
      maturity of the Notes, we hereby certify that such transfer is being effected
      pursuant to and in accordance with Rule 144A (“Rule 144A”) under the United
      States Securities Act of 1933, as amended (the “Securities Act”), and,
      accordingly, we hereby further certify that the Notes are being transferred
      to a
      person that we reasonably believe is purchasing the Notes for its own account,
      or for one or more accounts with respect to which such person exercises sole
      investment discretion, and such person and each such account is a “qualified
      institutional buyer” within the meaning of Rule 144A in a transaction
      meeting the requirements of Rule 144A and such Notes are being transferred
      in compliance with any applicable blue sky securities laws of any state of
      the
      United States.

     

    You
      and
      the Issuers are entitled to rely upon this letter and are irrevocably authorized
      to produce this letter or a copy hereof to any interested party in any
      administrative or legal proceedings or official inquiry with respect to the
      matters covered hereby.

     

    Very
      truly yours,

     

                              
      ________________________

                                      
      [Name of Transferor]

     

                                                     
By:
      ________________________ 

                Authorized
      Signature

    

    
      
        B-1

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

     

    [FORM
      OF
      CERTIFICATE TO BE DELIVERED

    IN
      CONNECTION WITH TRANSFERS

    PURSUANT
      TO REGULATION S]

     

    CCH
      II,
      LLC

    CCH
      II
      Capital Corp.

    c/o
      Charter Communications, Inc.

    12405
      Powerscourt Drive, Suite 100

    St.
      Louis, Missouri 63131

     

    Attention:
      Chief Financial Officer

     

    The
      Bank
      of New York Trust Company, NA

    2
      North
      LaSalle Street, Suite 1020

    Chicago,
      Illinois 60602

    Attention:
      Corporate Trust Department

     

    
      	 	
              Re:

            	
              CCH
                II, LLC and CCH II Capital Corp. (the
“Issuers”)

            

    

    10.25%
      Senior Notes due 2013 (the “Notes”)

     

    Ladies
      and Gentlemen:

     

    In
      connection with our proposed sale of $________ aggregate principal amount of
      the
      Notes, we confirm that such sale has been effected pursuant to and in accordance
      with Regulation S under the United States Securities Act of 1933, as
      amended (the “Securities Act”), and, accordingly, we represent
      that:

     

    (1) the
      offer
      of the Notes was not made to a person in the United States;

     

    (2) either
      (a) at the time the buy order was originated, the transferee was outside
      the United States or we and any person acting on our behalf reasonably believed
      that the transferee was outside the United States or (b) the transaction
      was executed in, on or through the facilities of a designated off-shore
      securities market and neither we nor any person acting on our behalf knows
      that
      the transaction has been pre-arranged with a buyer in the United
      States;

     

    (3) no
      directed selling efforts have been made in the United States in contravention of
      the requirements of Rule 903(b) or Rule 904(b) of Regulation S,
      as applicable; 

     

    (4) the
      transaction is being made in compliance with any applicable securities laws
      of
      any state of the United States or any other applicable jurisdiction;
      and

     

     

    
      
        
        

      

      
        C-1

        
          

        

      

      
        
        

      

    

     

    (5) the
      transaction is not part of a plan or scheme to evade the registration
      requirements of the Securities Act and not the result of offers or sales
      specifically targeted to an identifiable group of U.S. citizens
      abroad.

     

    If
      the
      transfer of the beneficial interest occurs prior to the expiration of the 40-day
      distribution compliance period set forth in Regulation S, the transferred
      beneficial interest will be held immediately thereafter through Euroclear or
      Clearstream.

     

    In
      addition, if the sale is made during a restricted period and the provisions
      of
      Rule 903(c)(3) or Rule 904(c)(1) of Regulation S are applicable
      thereto, we confirm that such sale has been made in accordance with the
      applicable provisions of Rule 903(c)(3) or Rule 904(c)(1), as the case
      may be.

     

    The
      Issuers and you are entitled to rely upon this letter and are irrevocably
      authorized to produce this letter or a copy hereof to any interested party
      in
      any administrative or legal proceedings or official inquiry with respect to
      the
      matters covered hereby. Terms used in this certificate have the meanings set
      forth in Regulation S.

     

     

    Very
      truly yours,

              ________________________

    
                                              [Name
        of
        Transferor]

       

                 By:
        ________________________ 

                      Authorized
        Signature

    

     

    

    
      
        
        

      

      
        C-2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D

     

    [COMPLETE
      FORM I OR FORM II AS APPLICABLE.]

     

    

     

    [FORM
      I - To be used by

    the
      owner of a beneficial interest in a Temporary Regulation S Global
      Note]

     

    CERTIFICATE
      OF BENEFICIAL OWNERSHIP IN CONNECTION WITH EXCHANGES OF TEMPORARY REGULATION
      S
      GLOBAL NOTES

     

    CCH
      II,
      LLC

    CCH
      II
      Capital Corp.

    c/o
      Charter Communications, Inc.

    12405
      Powerscourt Drive, Suite 100

    St.
      Louis, Missouri 63131

    Attention:
      Chief Financial Officer

     

     

    The
      Bank
      of New York Trust Company, NA

    2
      North
      LaSalle Street, Suite 1020

    Chicago,
      Illinois 60602

    Attention:
      Corporate Trust Department

     

    Re: 10.25%
      Senior Notes due 2013 (CUSIP [_______])

     

    Ladies
      and Gentlemen:

     

    Reference
      is hereby made to the Indenture, dated as of September 14, 2006 (the
“Indenture”),
      among
      CCH II, LLC (the “Company”),
      CCH
      II Capital Corp. (“Capital
      Corp”
and,
      together with the Company, the “Issuers”),
      Charter Communications Holdings, LLC, as Parent Guarantor, and The Bank of
      New
      York Trust Company, NA, as trustee. Capitalized terms used but not defined
      herein shall have the meanings given to them in the Indenture.

     

    We
      are
      the beneficial owner of $____ principal amount of Notes issued under the
      Indenture and represented by a Temporary Regulation S Global Note.

     

    We
      hereby
      certify as follows:

     

    [CHECK
      A OR B AS APPLICABLE.]

     

    
      	
                A.

            	
              We
                are a non-U.S. person (within the meaning of Regulation S under the
                Securities Act).

            

    

     

    
      	
                B.

            	
              We
                are a U.S. person (within the meaning of Regulation S under the Securities
                Act) that purchased the Notes in a transaction that did not require
                registration under the Securities
                Act.

            

    

     

     

    
      
        
        

      

      
        D-1

        
          

        

      

      
        
        

      

    

     

    You
      are
      entitled to rely upon this Certificate and are irrevocably authorized to produce
      this Certificate or a copy hereof to any interested party in any administrative
      or legal proceeding or official inquiry with respect to the matters covered
      hereby.

     

    Very
      truly yours,

     

    [NAME
      OF
      BENEFICIAL OWNER]

     

    

     

    By:__________________________

                                      Name:

                                      Title:

      Address:

     

    Date:
      _________________

    
      
        
        

      

      
        D-2

        
          

        

      

      
        
        

      

    

     

    [FORM
      II - To be used by a Person acting on behalf of an owner of a beneficial
      interest in a Temporary Regulation Global Note]

     

    CERTIFICATE
      OF BENEFICIAL OWNERSHIP IN CONNECTION WITH EXCHANGES OF TEMPORARY REGULATION
      S
      GLOBAL NOTES

     

    CCH
      II,
      LLC

    CCH
      II
      Capital Corp.

    c/o
      Charter Communications, Inc.

    12405
      Powerscourt Drive, Suite 100

    St.
      Louis, Missouri 63131

     

    Attention:
      Chief Financial Officer

     

    The
      Bank
      of New York Trust Company, NA

    2
      North
      LaSalle Street, Suite 1020

    Chicago,
      Illinois 60602

    Attention:
      Corporate Trust Department

     

    Re: 10.25%
      Senior Notes due 2013 (CUSIP [_______])

     

    Ladies
      and Gentlemen:

     

    Reference
      is hereby made to the Indenture, dated as of September 14, 2006 (the
“Indenture”),
      among
      CCH II, LLC (the “Company”),
      CCH
      II Capital Corp. (“Capital
      Corp.”
and,
      together with the Company, the “Issuers”),
      Charter Communications Holdings, LLC, as Parent Guarantor, and The Bank of
      New
      York Trust Company, NA, as trustee. Capitalized terms used but not defined
      herein shall have the meanings given to them in the Indenture.

     

    This
      is
      to certify that based solely on certifications we have received in writing,
      by
      tested telex or by electronic transmission from institutions appearing in our
      records as persons being entitled to a portion of the principal amount of Notes
      represented by a Temporary Regulation S Global Note issued under the
      above-referenced Indenture, that as of the date hereof, $____ principal amount
      of Notes represented by the Temporary Regulation S Global Note being submitted
      herewith for exchange is beneficially owned by persons that are either (i)
      non-U.S. persons (within the meaning of Regulation S under the Securities Act)
      or (ii) U.S. persons that purchased the Notes in a transaction that did not
      require registration under the Securities Act.

     

    We
      further certify that (i) we are not submitting herewith for exchange any portion
      of such Temporary Regulation S Global Note excepted in such certifications
      and
      (ii) as of the date hereof we have not received any notification from any
      institution to the effect that the statements made by such institution with
      respect to any portion of such Temporary Regulation S Global Note submitted
      herewith for exchange are no longer true and cannot be relied upon as of the
      date hereof.

     

     

    
      
        
        

      

      
        D-3

        
          

        

      

      
        
        

      

    

     

    You
      are
      entitled to rely upon this Certificate and are irrevocably authorized to produce
      this Certificate or a copy hereof to any interested party in any administrative
      or legal proceeding or official inquiry with respect to the matters covered
      hereby.

     

    Yours
      faithfully,

     

    [Name
      of
      DTC Participant]

     

    

     

    By:_________________________  

                                      Name:

      Title:

      Address:

     

    Date:
      _________________

     

    

    
       

      
        
          
          

        

        
          D-4

          
            

          

        

        
          
          

        

      

       

    

    
       

      
        
          
          

        

        
          E-1Exhibit 10.3

     

    Exhibit
      10.3

    AMENDMENT

     

    AMENDMENT,
      dated as of September 14, 2006 (this “Amendment”),
      to
      the PLEDGE AGREEMENT dated as of September 28, 2005 (as amended hereby and
      as
      further amended, supplemented or modified from time to time, the “Pledge
      Agreement”)
      made
      by CCH I, LLC (the “Grantor”)
      in
      favor of THE BANK OF NEW YORK TRUST COMPANY, NA, as collateral agent (in such
      capacity, the “Collateral
      Agent”)
      for
      the holders (the “Holders”)
      from
      time to time of the Notes (as defined below) and any holders of Pari Passu
      Secured Indebtedness (as defined in the Indenture), pursuant to the Indenture,
      dated as of September 28, 2005 (as amended by the Supplemental Indenture (as
      defined below) and as further amended, supplemented or otherwise modified from
      time to time, the “Indenture”),
      among
      the Grantor, CCH I Capital Corp. (“Capital
      Corp.”)
      and
      The Bank of New York Trust Company, NA, as Trustee.

     

    W I T N E S S E T H
      :

     

    WHEREAS,
      the Grantor and Capital Corp. have issued 11% Senior Secured Notes due 2015
      pursuant to the Indenture (collectively, the “Original
      Notes”);
      

     

    WHEREAS,
      in connection with the purchase of the Original Notes by the Holders the Pledge
      Agreement was executed and delivered by the Grantor to the Collateral Agent
      for
      the benefit of the Secured Parties; 

     

    WHEREAS,
      the Grantor and Capital Corp. have issued Additional Notes (together with the
      Original Notes and any other Additional Notes issued after the date hereof,
      the
“Notes”)
      pursuant to a Supplemental Indenture dated as of the date hereof (the
“Supplemental
      Indenture”);
      and

     

    WHEREAS,
      in connection with the Supplemental Indenture the parties have agreed to amend
      the Pledge Agreement upon the terms and conditions set forth
      herein;

     

    NOW,
      THEREFORE, for valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, and in consideration of the premises contained herein,
      the
      parties hereto agree as follows:

     

    1. Defined
      Terms.
      Unless
      otherwise defined herein, capitalized terms which are defined in the Indenture
      are used herein as defined therein.

     

    2. Amendment
      to First Recital.
      The
      first recital to the Pledge Agreement is hereby amended by replacing the
      parenthetical “(collectively, the ‘Notes’)” with the parenthetical
“(collectively, the ‘Original
      Notes’).”

     

    3. Amendment
      to Definition of “Issuer”.
      The
      definition of “Issuer” in Section 1.1 of the Pledge Agreement is hereby deleted
      in its entirety and replaced with the following definition: 

     

     

    
      
        
        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    “Issuers”:
      CCH
      II, LLC, a Delaware limited liability company, and CC VIII, LLC, a Delaware
      limited liability company.

     

    4. New
      Definition of “Notes”.
      Section
      1.1 of the Pledge Agreement is hereby amended by inserting the following
      definition:

     

    “Notes”:
      the
      Original Notes, the Additional Notes issued on September 14, 2006 and any other
      Additional Notes issued after such date.

     

    5. Amendment
      to Definition of “Pledged LLC Interests”.
      The
      words “the Issuer” in the definition of “Pledged LLC Interests” in Section 1.1
      of the Pledge Agreement are hereby deleted in its entirety and replaced with
      the
      words “each Issuer.”

     

    6. Amendment
      to Section 3.4(a).
      Section
      3.4(a) of the Pledge Agreement is hereby deleted in its entirety and replaced
      with the following:

     

    “The
      Pledged LLC Interests constitute all the issued and outstanding shares of all
      classes of Equity Interests of CCH II, LLC and all the issued and outstanding
      shares of all classes of Equity Interests owned by the Grantor of CC VIII,
      LLC.”

     

    7. Amendments
      to Sections 4.3(a) and 4.3(d).
      Each
      occurrence of the words “the Issuer” in Sections 4.3(a) and 4.3(d) of the Pledge
      Agreement is hereby deleted in its entirety and replaced with the words “any
      Issuer.”

     

    8. Amendment
      to Section 4.3(b).
      Section
      4.3(b) of the Pledge Agreement is hereby deleted in its entirety and replaced
      with the following:

     

    “Without
      delivery of all certificates representing any equity interests in any Issuer
      that are owned by the Grantor, the Grantor will not and will not permit such
      Issuer to, amend such Issuer’s certificate of formation or operating agreement
      to provide that any Equity Interests in such Issuer constitute a security under
      Section 8-103 of the Applicable UCC or the corresponding code or statute of
      any
      other applicable jurisdiction.”

     

    9. Amendment
      to Section 4.3(c).
      Section
      4.3(c) of the Pledge Agreement is hereby amended by deleting the words “the
      Issuer” and replacing them with the words “CCH II, LLC.”

     

    10. CC
      VIII Acknowledgement and Consent.
      The
      Grantor shall use its commercially reasonable efforts to cause CC VIII, LLC
      to
      execute and deliver on the date hereof the Acknowledgement and Consent in the
      form of Annex
      1
      hereto.

     

    11. Grant
      of Security Interest in New Collateral.
      The
      Grantor hereby grants to the Collateral Agent, for the benefit of the Secured
      Parties, a security interest in all of the following property now owned or
      at
      any time hereafter acquired by the Grantor or in which the Grantor now has
      or at
      any time in the future may acquire any right, title or interest, as collateral
      security for the prompt and complete payment and performance when due (whether
      at the stated maturity, by acceleration or otherwise) of the Secured Obligations
      (as defined in the Pledge Agreement): 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    all
      of the Grantor’s right, title and interest in and
      to the Equity Interests of CC VIII, LLC and all Proceeds (as defined in the
      Pledge Agreement) thereof.

     

    12. Reaffirmation
      of Existing Grant of Security Interest.
      The
      Grantor hereby reaffirms its grant to the Collateral Agent, for the benefit
      of
      the Secured Parties, of a security interest in all of the following property
      now
      owned or at any time hereafter acquired by the Grantor or in which the Grantor
      now has or at any time in the future may acquire any right, title or interest,
      as collateral security for the prompt and complete payment and performance
      when
      due (whether at the stated maturity, by acceleration or otherwise) of the
      Secured Obligations: all of the Grantor’s right, title and interest in and to
      the Equity Interests of CCH II, LLC and all Proceeds thereof.

     

    13. Reaffirmation
      of Representations and Warranties.
      The
      Grantor hereby reaffirms the accuracy of the representations and warranties
      set
      forth in Section 3 of the Pledge Agreement.

     

    14. Conditions
      to Effectiveness of this Amendment.
      This
      Amendment shall become effective upon receipt by the Collateral Agent of
      counterparts of this Amendment duly executed by the Issuers, the Parent
      Guarantor and the Trustee.

     

    15. Counterparts.
      This
      Amendment may be executed by one or more of the parties to this Amendment on
      any
      number of separate counterparts and all of said counterparts taken together
      shall be deemed to constitute one and the same instrument. Delivery of an
      executed signature page of this Amendment by facsimile transmission shall be
      effective as delivery of a manually executed counterpart hereof.

     

    16. GOVERNING
      LAW.
      THIS
      AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
      WITH, THE LAWS OF THE STATE OF NEW YORK.

     

    

    

    *
      * * *
      *

    

     

    
      
        
        

        
        

      

      
        3

        
          

        

      

      
        
        

        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
      and delivered by their respective duly authorized officers as of the date first
      above written.

     

    CCH
      I,
      LLC

     

    By:
      /s/ Eloise Schmitz       

                                      Name:
      Eloise Schmitz

             
                    Title:
      Senior Vice President, Strategic Planning

     

     

     

    CCH
      I
      CAPITAL CORP.

     

    By:
      /s/ Eloise Schmitz       

                                          Name:
      Eloise Schmitz             
      

                                         
      Title: Senior Vice President, Strategic Planning

     

     

     

    CHARTER
      COMMUNICATIONS HOLDINGS, LLC

     

    By:
      /s/ Eloise Schmitz       

                                         
      Name: Eloise Schmitz

                                         
      Title: Senior Vice President, Strategic Planning

     

     

     

    THE
      BANK
      OF NEW YORK TRUST COMPANY, NA

     

    By:
      /s/ M Callahan       

                                         
      Name: M. Callahan

                          Title:
      Vice President

     

     

     

    
      
        Pledge
          Agreement Amendment

      

      
        
        

        
          

        

      

      
        
        

      

    

                                                             
      

                                                             
      ANNEX 1

     

    ISSUER’S
      ACKNOWLEDGMENT AND CONSENT

     

    The
      undersigned hereby acknowledges receipt of a copy of (i) the Pledge Agreement,
      dated as of September 28, 2005 (as amended and as the same may be further
      amended, restated, supplemented or otherwise modified from time to time, the
      “Agreement”;
      capitalized terms used herein as defined therein), made by CCH I, LLC, a
      Delaware limited liability company, for the benefit of The Bank of New York
      Trust Company, NA, as Collateral Agent and (ii) the Amendment to the Agreement,
      dated as of September 14, 2006. The undersigned agrees for the benefit of the
      Collateral Agent and the Holders as follows:

    

    1. The
      undersigned will be bound by the terms of the Agreement and will comply with
      such terms insofar as such terms are applicable to the undersigned.

    

    2. The
      undersigned will notify the Collateral Agent promptly in writing of the
      occurrence of any of the events described in Section 4.3(a) of the
      Agreement.

    

    CC
      VIII,
      LLC

    

     

    By:
      /s/ Eloise Schmitz         
 

         
      Name: Eloise E. Schmitz

         
Title:
      Senior Vice President, Strategic Planning

    

    Address
      for Notices:

    12405
      Powerscourt Drive, Suite 100

    St.
      Louis, Missouri 63131

    Fax:
      (314) 965-8793

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