Document:

EXHIBIT
4.4

     

    FREDERICK’S OF HOLLYWOOD GROUP
INC.,

    As
Issuer,

    

    AND

    

    [_______________],

    As
Trustee

    

    INDENTURE

    

    DATED
AS OF [__________] [___], 20[__]

    

    SENIOR DEBT
SECURITIES

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    CROSS-REFERENCE
TABLE (1)

    

    
      
        	
                Section of Trust Indenture Act of 1939, as
      Amended

              	 
      	
                Indenture

              
	
                310(a)

              	 
      	
                7.10

              
	
                310(b)

              	 
      	
                7.09;
      7.11

              
	
                310(c)

              	 
      	
                Inapplicable

              
	
                311(a)

              	 
      	
                7.14

              
	
                311(b)

              	 
      	
                7.14

              
	
                311(c)

              	 
      	
                Inapplicable

              
	
                312(a)

              	 
      	
                5.02(a)

              
	
                312(b)

              	 
      	
                5.02(c)

              
	
                312(c)

              	 
      	
                Inapplicable

              
	
                313(a)

              	 
      	
                5.04(a)

              
	
                313(b)

              	 
      	
                5.04(b)

              
	
                313(c)

              	 
      	
                5.04(a);
      5.04(b)

              
	
                313(d)

              	 
      	
                5.04(c)

              
	
                314(a)

              	 
      	
                5.03;
      4.06

              
	
                314(b)

              	 
      	
                Inapplicable

              
	
                314(c)

              	 
      	
                13.07

              
	
                314(d)

              	 
      	
                Inapplicable

              
	
                314(e)

              	 
      	
                13.07

              
	
                314(f)

              	 
      	
                Inapplicable

              
	
                315(a)

              	 
      	
                7.01(a);
      7.03

              
	
                315(b)

              	 
      	
                7.02

              
	
                315(c)

              	 
      	
                7.01

              
	
                315(d)

              	 
      	
                7.01(b)

              
	
                315(e)

              	 
      	
                6.07;
      7.07

              
	
                316(a)

              	 
      	
                6.06;
      8.04

              
	
                316(b)

              	 
      	
                6.04

              
	
                316(c)

              	 
      	
                8.01

              
	
                317(a)

              	 
      	
                6.02

              
	
                317(b)

              	 
      	
                4.03

              
	
                318(a)

              	
                  

              	
                13.09

              

      

    

     

    ____________________________

    (1) This
Cross-Reference Table does not constitute part of the Indenture and shall not
have any bearing on the interpretation of any of its terms or
provisions

     

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

    TABLE
OF CONTENTS (2)

    

    
      
        
          	
                  ARTICLE
      I DEFINITIONS

                	
                  1

                
	 
      	
                  SECTION
      1.01  DEFINITIONS OF TERMS.

                	
                  1

                
	
                  ARTICLE
      II ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF
      SECURITIES

                	
                  4

                
	 
      	
                  SECTION
      2.01  DESIGNATION AND TERMS OF SECURITIES.

                	
                  4

                
	 
      	
                  SECTION
      2.02  FORM OF SECURITIES AND TRUSTEE’S
    CERTIFICATE.

                	
                  6

                
	 
      	
                  SECTION
      2.03  DENOMINATIONS: PROVISIONS FOR PAYMENT.

                	
                  6

                
	 
      	
                  SECTION
      2.04  EXECUTION AND AUTHENTICATION.

                	
                  7

                
	 
      	
                  SECTION
      2.05  REGISTRATION OF TRANSFER AND EXCHANGE.

                	
                  8

                
	 
      	
                  SECTION
      2.06  TEMPORARY SECURITIES.

                	
                  8

                
	 
      	
                  SECTION
      2.07  MUTILATED, DESTROYED, LOST OR STOLEN
      SECURITIES.

                	
                  9

                
	 
      	
                  SECTION
      2.08  CANCELLATION.

                	
                  9

                
	 
      	
                  SECTION
      2.09  BENEFITS OF INDENTURE.

                	
                  9

                
	 
      	
                  SECTION
      2.10  AUTHENTICATING AGENT.

                	
                  10

                
	 
      	
                  SECTION
      2.11  GLOBAL SECURITIES.

                	
                  10

                
	
                  ARTICLE
      III REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS

                	
                  11

                
	 
      	
                  SECTION
      3.01  REDEMPTION.

                	
                  11

                
	 
      	
                  SECTION
      3.02  NOTICE OF REDEMPTION.

                	
                  12

                
	 
      	
                  SECTION
      3.03  PAYMENT UPON REDEMPTION.

                	
                  12

                
	 
      	
                  SECTION
      3.04  SINKING FUND.

                	
                  13

                
	 
      	
                  SECTION
      3.05  SATISFACTION OF SINKING FUND PAYMENTS WITH
      SECURITIES.

                	
                  13

                
	 
      	
                  SECTION
      3.06  REDEMPTION OF SECURITIES FOR SINKING FUND.

                	
                  13

                
	
                  ARTICLE
      IV COVENANTS

                	
                  13

                
	 
      	
                  SECTION
      4.01  PAYMENT OF PRINCIPAL, PREMIUM AND
INTEREST.

                	
                  13

                
	 
      	
                  SECTION
      4.02  MAINTENANCE OF OFFICE OR AGENCY.

                	
                  13

                
	 
      	
                  SECTION
      4.03  PAYING AGENTS.

                	
                  14

                
	 
      	
                  SECTION
      4.04  APPOINTMENT TO FILL VACANCY IN OFFICE OF
      TRUSTEE.

                	
                  14

                
	 
      	
                  SECTION
      4.05  COMPLIANCE WITH CONSOLIDATION PROVISIONS.

                	
                  15

                
	 
      	
                  SECTION
      4.06  STATEMENT BY OFFICERS AS TO DEFAULT.

                	
                  15

                
	
                  ARTICLE
      V SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE
      TRUSTEE

                	
                  15

                
	 
      	
                  SECTION
      5.01  COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF
      SECURITYHOLDERS.

                	
                  15

                
	 
      	
                  SECTION
      5.02  PRESERVATION OF INFORMATION; COMMUNICATIONS WITH
      SECURITYHOLDERS.

                	
                  15

                
	 
      	
                  SECTION
      5.03  REPORTS BY THE COMPANY.

                	
                  15

                
	 
      	
                  SECTION
      5.04  REPORTS BY THE TRUSTEE.

                	
                  16

                
	
                  ARTICLE
      VI REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF
      DEFAULT

                	
                  16

                
	 
      	
                  SECTION
      6.01  EVENTS OF DEFAULT.

                	
                  16

                

        

      

    

     

    
      
         

      

      
        ii

        
          

        

      

      
         

      

    

    

    
      
        
          	 
      	
                  SECTION
      6.02  COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY
      TRUSTEE.

                	
                  18

                
	 
      	
                  SECTION
      6.03  APPLICATION OF MONEYS COLLECTED.

                	
                  19

                
	 
      	
                  SECTION
      6.04  LIMITATION ON SUITS.

                	
                  19

                
	 
      	
                  SECTION
      6.05  RIGHTS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT
      WAIVER.

                	
                  19

                
	 
      	
                  SECTION
      6.06  CONTROL BY SECURITYHOLDERS.

                	
                  20

                
	 
      	
                  SECTION
      6.07  UNDERTAKING TO PAY COSTS.

                	
                  20

                
	
                  ARTICLE
      VII CONCERNING THE TRUSTEE

                	
                  20

                
	 
      	
                  SECTION
      7.01  CERTAIN DUTIES AND RESPONSIBILITIES OF
      TRUSTEE.

                	
                  20

                
	 
      	
                  SECTION
      7.02  NOTICE OF DEFAULTS.

                	
                  21

                
	 
      	
                  SECTION
      7.03  CERTAIN RIGHTS OF TRUSTEE.

                	
                  21

                
	 
      	
                  SECTION
      7.04  TRUSTEE NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OR
      SECURITIES.

                	
                  23

                
	 
      	
                  SECTION
      7.05  MAY HOLD SECURITIES.

                	
                  23

                
	 
      	
                  SECTION
      7.06  MONEYS HELD IN TRUST.

                	
                  23

                
	 
      	
                  SECTION
      7.07  COMPENSATION AND REIMBURSEMENT.

                	
                  23

                
	 
      	
                  SECTION
      7.08  RELIANCE ON OFFICERS’ CERTIFICATE.

                	
                  24

                
	 
      	
                  SECTION
      7.09  DISQUALIFICATION; CONFLICTING INTERESTS.

                	
                  24

                
	 
      	
                  SECTION
      7.10  CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.

                	
                  24

                
	 
      	
                  SECTION
      7.11  RESIGNATION AND REMOVAL; APPOINTMENT OF
      SUCCESSOR.

                	
                  24

                
	 
      	
                  SECTION
      7.12  ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.

                	
                  25

                
	 
      	
                  SECTION
      7.13  MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO
      BUSINESS.

                	
                  26

                
	 
      	
                  SECTION
      7.14  PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE
      COMPANY.

                	
                  26

                
	
                  ARTICLE
      VIII CONCERNING THE SECURITYHOLDERS

                	
                  27

                
	 
      	
                  SECTION
      8.01  EVIDENCE OF ACTION BY SECURITYHOLDERS.

                	
                  27

                
	 
      	
                  SECTION
      8.02  PROOF OF EXECUTION BY SECURITYHOLDERS.

                	
                  27

                
	 
      	
                  SECTION
      8.03  WHO MAY BE DEEMED OWNERS.

                	
                  27

                
	 
      	
                  SECTION
      8.04  CERTAIN SECURITIES OWNED BY COMPANY
      DISREGARDED.

                	
                  27

                
	 
      	
                  SECTION
      8.05  ACTIONS BINDING ON FUTURE SECURITYHOLDERS.

                	
                  28

                
	
                  ARTICLE
      IX SUPPLEMENTAL INDENTURES

                	
                  28

                
	 
      	
                  SECTION
      9.01  SUPPLEMENTAL INDENTURES WITHOUT THE CONSENT OF
      SECURITYHOLDERS.

                	
                  28

                
	 
      	
                  SECTION
      9.02  SUPPLEMENTAL INDENTURES WITH CONSENT OF
      SECURITYHOLDERS.

                	
                  29

                
	 
      	
                  SECTION
      9.03  EFFECT OF SUPPLEMENTAL INDENTURES.

                	
                  29

                
	 
      	
                  SECTION
      9.04  SECURITIES AFFECTED BY SUPPLEMENTAL
      INDENTURES.

                	
                  30

                
	 
      	
                  SECTION
      9.05  EXECUTION OF SUPPLEMENTAL INDENTURES.

                	
                  30

                
	
                  ARTICLE
      X SUCCESSOR ENTITY

                	
                  30

                
	 
      	
                  SECTION
      10.01  COMPANY MAY CONSOLIDATE, ETC.

                	
                  30

                

        

      

    

     

    
      
         

      

      
        iii

        
          

        

      

      
         

      

    

    

    
      
        
          	 
      	
                  SECTION
      10.02  SUCCESSOR ENTITY SUBSTITUTED.

                	
                  30

                
	 
      	
                  SECTION
      10.03  EVIDENCE OF CONSOLIDATION, ETC. TO
    TRUSTEE.

                	
                  31

                
	
                  ARTICLE
      XI SATISFACTION AND DISCHARGE; DEFEASANCE

                	
                  31

                
	 
      	
                  SECTION
      11.01  SATISFACTION AND DISCHARGE.

                	
                  31

                
	 
      	
                  SECTION
      11.02  DEFEASANCE.

                	
                  32

                
	 
      	
                  SECTION
      11.03  DEPOSITED MONEYS TO BE HELD IN TRUST.

                	
                  33

                
	 
      	
                  SECTION
      11.04  PAYMENT OF MONEYS HELD BY PAYING AGENTS.

                	
                  33

                
	 
      	
                  SECTION
      11.05  REPAYMENT TO COMPANY.

                	
                  33

                
	
                  ARTICLE
      XII IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND
      DIRECTORS

                	
                  33

                
	 
      	
                  SECTION
      12.01  NO RECOURSE.

                	
                  33

                
	
                  ARTICLE
      XIII MISCELLANEOUS PROVISIONS

                	
                  33

                
	 
      	
                  SECTION
      13.01  EFFECT ON SUCCESSORS AND ASSIGNS.

                	
                  33

                
	 
      	
                  SECTION
      13.02  ACTIONS BY SUCCESSOR.

                	
                  34

                
	 
      	
                  SECTION
      13.03  SURRENDER OF COMPANY POWERS.

                	
                  34

                
	 
      	
                  SECTION
      13.04  NOTICES.

                	
                  34

                
	 
      	
                  SECTION
      13.05  GOVERNING LAW; WAIVER OF TRIAL BY JURY.

                	
                  34

                
	 
      	
                  SECTION
      13.06  TREATMENT OF SECURITIES AS DEBT.

                	
                  34

                
	 
      	
                  SECTION
      13.07  COMPLIANCE CERTIFICATES AND OPINIONS.

                	
                  34

                
	 
      	
                  SECTION
      13.08  PAYMENTS ON BUSINESS DAYS.

                	
                  35

                
	 
      	
                  SECTION
      13.09  CONFLICT WITH TRUST INDENTURE ACT.

                	
                  35

                
	 
      	
                  SECTION
      13.10  COUNTERPARTS.

                	
                  35

                
	 
      	
                  SECTION
      13.11  SEPARABILITY.

                	
                  35

                
	 
      	
                  SECTION
      13.12  ASSIGNMENT.

                	
                  35

                

        

      

    

     

    ___________________________

    (2) This
Table of Contents does not constitute part of the Indenture and shall not have
any bearing on the interpretation of any of its terms or
provisions.

     

    
      
         

      

      
        iv

        
          

        

      

      
         

      

    

    INDENTURE,
dated as of [__________] [___], 20[_], between Frederick’s of Hollywood Group
Inc., a New York corporation (the “Company”), and [_____________], a
[______________], as trustee (the “Trustee”):

     

    RECITALS
OF THE COMPANY

     

    WHEREAS,
for its lawful corporate purposes, the Company has duly authorized the execution
and delivery of this Indenture to provide for the issuance of debt securities
(hereinafter referred to as the “Securities”), in an unlimited aggregate
principal amount to be issued from time to time in one or more series as
provided in this Indenture, as registered Securities without coupons, to be
authenticated by the certificate of the Trustee;

     

    WHEREAS,
to provide the terms and conditions upon which the Securities are to be
authenticated, issued and delivered, the Company has duly authorized the
execution of this Indenture; and

     

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

     

    NOW,
THEREFORE, in consideration of the premises and the purchase of the Securities
by the Holders thereof, it is mutually covenanted and agreed as follows for the
equal and ratable benefit of the Holders of Securities or of series
thereof.

     

    ARTICLE
I

    DEFINITIONS

     

    SECTION
1.01  DEFINITIONS OF TERMS.

     

    The terms
defined in this Section (except as in this Indenture otherwise expressly
provided or unless the context otherwise requires) for all purposes of this
Indenture and of any indenture supplemental hereto shall have the respective
meanings specified in this Section and shall include the plural as well as the
singular.  All other terms used in this Indenture that are defined in
the Trust Indenture Act, or that are by reference in said Trust Indenture Act
defined in the Securities Act (except as herein otherwise expressly provided or
unless the context otherwise requires), shall have the meanings assigned to such
terms in said Trust Indenture Act and in said Securities Act as in force at the
date of the execution of this instrument.

     

    “ARTICLE”,
“SECTION” or other subdivisions refer to Articles, Sections or other
subdivisions of this Indenture.

     

    “AUTHENTICATING
AGENT” means an authenticating agent with respect to all or any of the series of
Securities appointed with respect to all or any series of the Securities by the
Trustee pursuant to Section 2.10.

     

    “BANKRUPTCY
LAW” means Title 11, U.S. Code, or any similar federal or state law for the
relief of debtors.

     

    “BOARD OF
DIRECTORS” means the Board of Directors of the Company or any duly authorized
committee of such Board.

     

     “BOARD
RESOLUTION” means a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company to have been duly adopted by the Board of
Directors and to be in full force and effect on the date of such
certification.

     

    “BUSINESS
DAY” means, with respect to any series of Securities, any day other than a
Saturday or Sunday, or a day on which federal or state banking institutions in
[________], are authorized or obligated by law, executive order or regulation to
close.

     

    “CERTIFICATE”
means a certificate signed by the principal executive officer, the principal
financial officer or the principal accounting officer of the
Company.  The Certificate need not comply with the provisions of
Section 13.07.

     

    “COMMISSION”
means the Securities and Exchange Commission.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    “COMPANY”
means Frederick’s of Hollywood Group Inc., a corporation duly organized and
existing under the laws of the State of New York, and, subject to the provisions
of Article X, shall also include its successors and assigns.

     

    “CORPORATE
TRUST OFFICE” means the office of the Trustee at which, at any particular time,
its corporate trust business shall be principally administered, which office at
the date hereof is located at [____________________________].

     

    “COVENANT
DEFEASANCE” has the meaning given in Section 11.02.

     

    “CUSTODIAN”
means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law.

     

    “DEFAULT”
means any event, act or condition that with notice or lapse of time, or both,
would constitute an Event of Default.

     

    “DEFAULTED
INTEREST” has the meaning given in Section 2.03.

     

    “DEPOSITARY”
means, with respect to Securities of any series, for which the Company shall
determine that such Securities will be issued as a Global Security, [_________],
another clearing agency, or any successor registered as a clearing agency under
the Exchange Act, or other applicable statute or regulation, which, in each
case, shall be designated by the Company pursuant to either Section 2.01 or
2.11.

     

    “EVENT OF
DEFAULT” means, with respect to Securities of a particular series any event
specified in Section 6.01, continued for the period of time, if any, therein
designated.

     

    “EXCHANGE
ACT” means the Securities Exchange Act of 1934, as amended, or any successor
statute or statutes thereto.

     

    “GLOBAL
SECURITY” means, with respect to any series of Securities, a Security executed
by the Company and delivered by the Trustee to the Depositary or pursuant to the
Depositary’s instruction, all in accordance with the Indenture, which shall be
registered in the name of the Depositary or its nominee.

     

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

     

    “HEREIN”,
“HEREOF” and “HEREUNDER”, and other words of similar import, refer to this
Indenture as a whole and not to any particular Article, Section or other
subdivision.

     

    “INCLUDING”,
unless the context requires otherwise, means including without
limitation.

     

    “INDENTURE”
means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered
into in accordance with the terms hereof, including, for all purposes of this
instrument and any such supplemental indenture, the provisions of the Trust
Indenture Act that are deemed to be a part of and govern this instrument and any
such supplemental indenture, respectively.  The term “Indenture” shall
also include the terms of particular series of Securities established as
contemplated by Section 2.01.

     

    “INTEREST
PAYMENT DATE”, when used with respect to any installment of interest on a
Security of a particular series, means the date specified in such Security or in
a Board Resolution or in an indenture supplemental hereto with respect to such
series as the fixed date on which an installment of interest with respect to
Securities of that series is due and payable.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    “LEGAL
DEFEASANCE” has the meaning given in Section 11.02.

     

    “OFFICERS’
CERTIFICATE” means a certificate signed by the President or a Vice President and
by the Treasurer or an Assistant Treasurer or the Controller or an Assistant
Controller or the Secretary or an Assistant Secretary of the Company that is
delivered to the Trustee in accordance with the terms hereof.  Each
such certificate shall include the statements provided for in Section 13.07, if
and to the extent required by the provisions thereof.

     

    “OPINION
OF COUNSEL” means an opinion in writing of legal counsel acceptable to the
Trustee, who may be an employee of or counsel for the Company that is delivered
to the Trustee in accordance with the terms hereof.  Each such opinion
shall include the statements provided for in Section 13.07, if and to the extent
required by the provisions thereof.

     

    “ORIGINAL
ISSUE DISCOUNT SECURITY” means any Security which provides for an amount less
than the principal amount thereof to be due and payable upon a declaration of
acceleration of the maturity thereof pursuant to Section 6.01.

     

    “OUTSTANDING”, when used with reference
to Securities of any series, means, subject to the provisions of Section 8.04,
as of any particular time, all Securities of that series theretofore
authenticated and delivered by the Trustee under this Indenture, except (a)
Securities theretofore canceled by the Trustee or any paying agent, or delivered
to the Trustee or any paying agent for cancellation or that have previously been
canceled; (b) Securities or portions thereof for the payment or redemption of
which moneys or Governmental Obligations in the necessary amount shall have been
deposited in trust with the Trustee or with any paying agent (other than the
Company) or shall have been set aside and segregated in trust by the Company (if
the Company shall act as its own paying agent) or, if such Securities are payable
otherwise than in cash pursuant to Section 2.1(a)(19), such other arrangements
as are satisfactory to the Trustee for payment in property other than cash shall
have been made; provided, however, that if such Securities or portions of such
Securities are to be redeemed prior to the maturity thereof, notice of such
redemption shall have been given as in Article III; or provision satisfactory to
the Trustee shall have been made for giving such notice; and (c) Securities in
lieu of or in substitution for which other Securities shall have been
authenticated and delivered pursuant to the terms of Section 2.07; provided,
however, that in determining whether the Holders of the requisite principal
amount of the Outstanding Securities have given, made or taken any request,
demand, authorization, direction, notice, consent, waiver or other action
hereunder as of any date, the principal amount of an Original Issue Discount
Security which shall be deemed to be Outstanding shall be the amount of the
principal thereof which would be due and payable as of such date upon
acceleration of the maturity thereof to such date pursuant to Section
6.01.

     

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

     

    “PREDECESSOR
SECURITY” of any particular Security means every previous Security evidencing
all or a portion of the same debt as that evidenced by such particular Security;
and, for the purposes of this definition, any Security authenticated and
delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security
shall be deemed to evidence the same debt as the lost, destroyed or stolen
Security.

     

    “RESPONSIBLE
OFFICER”, when used with respect to the Trustee, means any officer assigned to
the [______________] [Division / Unit] (or any successor division or unit) of
the Trustee located at the Corporate Trust Office of the Trustee, who shall have
direct responsibility for the administration of this Indenture, and for the
purposes of Section 7.01(b)(ii) and Section 315(b) of the Trust Indenture Act
shall also include any other officer of the Trustee to whom any corporate trust
matter is referred because of his or her knowledge of and familiarity with the
particular subject.

     

    “SECURITIES”
means the debt securities authenticated and delivered under this
Indenture.

     

    “SECURITIES
ACT” means the Securities Act of 1933, as amended, or any successor statute or
statutes thereto.

     

    “SECURITYHOLDER”,
“HOLDER of SECURITIES”, “REGISTERED HOLDER”, “HOLDER”, or other similar term,
means the Person or Persons in whose name or names a particular Security shall
be registered on the books of the Company kept for that purpose in accordance
with the terms of this Indenture.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    “SECURITY
REGISTER” has the meaning given in Section 2.05.

     

    “SECURITY
REGISTRAR” has the meaning given in Section 2.05.

     

    “SUBSIDIARY”
means, with respect to any Person, (i) any corporation at least a majority of
whose outstanding Voting Stock shall at the time be owned, directly or
indirectly, by such Person or by one or more of its Subsidiaries or by such
Person and one or more of its Subsidiaries, (ii) any general partnership,
limited liability company, joint venture or similar entity, at least a majority
of whose outstanding partnership or similar interests shall at the time be owned
by such Person, or by one or more of its Subsidiaries, or by such Person and one
or more of its Subsidiaries and (iii) any limited partnership of which such
Person or any of its Subsidiaries is a general partner.

     

    “TRUSTEE”
means [_______________] and, subject to the provisions of Article VII, shall
also include its successors and assigns, and, if at any time there is more than
one Person acting in such capacity hereunder, “Trustee” shall mean each such
Person.  The term “Trustee” as used with respect to a particular
series of the Securities shall mean the trustee with respect to that
series.

     

    “TRUST
INDENTURE ACT” means the Trust Indenture Act of 1939, as amended, subject to the
provisions of Sections 9.01, 9.02, and 10.01, as in effect at the date of
execution of this instrument.

     

    “VOTING
STOCK”, as applied to stock of any Person, means shares, interests,
participations or other equivalents in the equity interest (however designated)
in such Person having ordinary voting power for the election of a majority of
the directors (or the equivalent) of such Person, other than shares, interests,
participations or other equivalents having such power only by reason of the
occurrence of a contingency.

     

    ARTICLE
II

    ISSUE,
DESCRIPTION, TERMS, EXECUTION,

    REGISTRATION
AND EXCHANGE OF SECURITIES

     

    SECTION
2.01  DESIGNATION AND TERMS OF SECURITIES.

     

    The
aggregate principal amount of Securities that may be authenticated and delivered
under this Indenture is unlimited.  The Securities may be issued in
one or more series up to the aggregate principal amount, if any, of Securities
of that series from time to time authorized by or pursuant to a Board Resolution
or pursuant to one or more indentures supplemental hereto.  Prior to
the initial issuance of Securities of any series, there shall be established in
or pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or
established in one or more indentures supplemental hereto:

     

    (1)         the
title of the Security of the series (which shall distinguish the Securities of
the series from all other Securities);

     

    (2)         any
limit upon the aggregate principal amount of the Securities of that series that
may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of that series);

     

    (3)         the
date or dates on which the principal of the Securities of the series is payable,
any original issue discount that may apply to the Securities of that series upon
their issuance, the principal amount due at maturity and the place(s) of
payment;

     

    (4)         the
rate or rates at which the Securities of the series shall bear interest or the
manner of calculation of such rate or rates, if any;

     

    (5)         the
date or dates from which such interest shall accrue, the Interest Payment Dates
on which such interest will be payable or the manner of determination of such
Interest Payment Dates, the place(s) of payment, and the record date or other
method for the determination of Holders to whom interest is payable on any such
Interest Payment Dates;

     

    (6)         the
right, if any, to extend the interest payment periods and the duration of such
extension;

     

    
      
         

      

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

     

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

     

    (9)         the
form of the Securities of the series, including the form of the Trustee’s
certificate of authentication for such series;

     

    (10)       if
other than denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof, the denominations in which the Securities of the series shall
be issuable (including denominations of foreign currency);

     

    (11)       any
and all other terms (including terms, to the extent applicable, relating to any
security for the obligations of the Company with respect to such Securities)
with respect to such series (which terms shall not be inconsistent with the
terms of this Indenture);

     

    (12)       whether
the Securities of the series are issuable as a Global Security and, in such
case, the identity of the Depositary for such series and any other or different
terms in respect of such Global Security;

     

    (13)       whether
the Securities of the series will be convertible into shares of common stock or
other securities of the Company and, if so, the terms and conditions upon which
such Securities will be so convertible, including the conversion price and the
conversion period;

     

    (14)       if
other than the principal amount thereof, the portion of the principal amount of
Securities of the series which shall be payable upon declaration of acceleration
of the maturity thereof pursuant to Section 6.01;

     

    (15)       any
additional or different Events of Default or restrictive covenants provided for
with respect to the Securities of the series;

     

    (16)       if
applicable, that the Securities of the series, in whole or in specified part,
shall be defeasible pursuant to Section 11.02 and, if other than by a Board
Resolution, the manner in which any election by the Company to defease such
Securities shall be evidenced;

     

    (17)       if
other than the currency of the United States of America, the currency,
currencies or currency units in which the principal of or any premium or
interest on any Securities of the series shall be payable and the manner of
determining the equivalent thereof in the currency of the United States of
America for any purpose, including for purposes of the definition of
“Outstanding” in Section 1.01;

     

    (18)       the
terms and conditions, if any, upon which the Company shall pay amounts in
addition to the stated interest, premium, if any and principal amounts of the
Securities of the series to any Securityholder that is not a “United States
person” for federal tax purposes; and

     

    (19)       whether
interest or principal (and premium, if any) may be paid in property other than
cash, including in securities of the Company, or, in the case of interest, by
increasing the principal amount of the Securities by the amount of the interest
earned.

     

    All
Securities of any one series shall be substantially identical except as to
denomination and except as may otherwise be provided in or pursuant to any such
Board Resolution or in any indentures supplemental hereto.  If any of
the terms of the series are established by action taken pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be certified by
the Secretary or an Assistant Secretary of the Company and delivered to the
Trustee at or prior to the delivery of the Officers’ Certificate setting forth
the terms of the series.  Securities of any particular series may be
issued at various times, with different dates on which the principal or any
installment of principal is payable, with different rates of interest, if any,
or different methods by which rates of interest may be determined, with
different dates on which such interest may be payable and with different
redemption dates.  Notwithstanding Section 2.01(2) and unless
otherwise expressly provided with respect to a series of Securities, the
aggregate principal amount of a series of Securities may be increased and
additional Securities of such series may be issued up to the maximum aggregate
principal amount authorized with respect to such series as
increased.

     

    
      
         

      

      
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    SECTION
2.02  FORM OF SECURITIES AND TRUSTEE’S CERTIFICATE.

     

    The
Securities of any series and the Trustee’s certificate of authentication to be
borne by such Securities shall be substantially of the tenor and purport as set
forth in one or more indentures supplemental hereto or as provided in or
pursuant to a Board Resolution and as set forth in an Officers’
Certificate.  The Securities may have such letters, numbers or other
marks of identification or designation and such legends or endorsements printed,
lithographed or engraved thereon as the Company may deem appropriate and as are
not inconsistent with the provisions of this Indenture, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto or with
any rule or regulation of any stock exchange on which Securities of that series
may be listed, or to conform to usage.

     

    SECTION
2.03  DENOMINATIONS: PROVISIONS FOR PAYMENT.

     

    The
Securities shall be issuable as registered Securities and in the denominations
of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject
to Section 2.01(10).  The Securities of a particular series shall bear
interest payable on the dates and at the rates specified or provided for with
respect to that series.  Except as contemplated by Section 2.01(17)
and Section 2.01(19), the principal of and the interest on the Securities of any
series, as well as any premium thereon in case of redemption thereof prior to
maturity, shall be payable in the coin or currency of the United States of
America that at the time is legal tender for public and private debt, at the
office or agency of the Company maintained for that purpose in
[________________]; provided, however, that at the option of the Company payment
of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register.  Each
Security shall be dated the date of its authentication by the
Trustee.  Except as contemplated by Section 2.01(4), interest on the
Securities shall be computed on the basis of a 360-day year composed of twelve
30-day months.  Except as contemplated by Section 2.01(5), the
interest installment on any Security that is payable, and is punctually paid or
duly provided for, on any Interest Payment Date for Securities of that series
shall be paid to the Person in whose name said Security (or one or more
Predecessor Securities) is registered at the close of business on the regular
record date for such interest installment.  In the event that any
Security of a particular series or portion thereof is called for redemption and
the redemption date is subsequent to a regular record date with respect to any
Interest Payment Date and prior to such Interest Payment Date, interest on such
Security will be paid upon presentation and surrender of such Security as
provided in Section 3.03. Any interest on any Security that is payable, but is
not punctually paid or duly provided for, on any Interest Payment Date for
Securities of the same series (herein called “Defaulted Interest”) shall
forthwith cease to be payable to the registered Holder on the relevant regular
record date by virtue of having been such Holder; and such Defaulted Interest
shall be paid by the Company, at its election, as provided in clause (1) or
clause (2) below:

     

    (1)         The
Company may make payment of any Defaulted Interest on Securities to the Persons
in whose names such Securities (or their respective Predecessor Securities) are
registered at the close of business on a special record date for the payment of
such Defaulted Interest, which shall be fixed in the following
manner:  the Company shall notify the Trustee in writing of the amount
of Defaulted Interest proposed to be paid on each such Security and the date of
the proposed payment, and at the same time the Company shall deposit with the
Trustee an amount of money equal to the aggregate amount proposed to be paid in
respect of such Defaulted Interest or shall make arrangements satisfactory to
the Trustee for such deposit prior to the date of the proposed payment, such
money when deposited to be held in trust for the benefit of the Persons entitled
to such Defaulted Interest as in this clause
provided.  Notwithstanding the foregoing, if the Defaulted Interest is
payable otherwise than in cash pursuant to Section 2.01(a)(19), the Company
shall make such other arrangements as are satisfactory to the Trustee for the
payment of the Defaulted Interest in such other property prior to the date of
the proposed payment.  Thereupon the Trustee shall fix a special
record date for the payment of such Defaulted Interest which shall not be more
than 15 nor less than 10 days prior to the date of the proposed payment and not
less than 10 days after the receipt by the Trustee of the notice of the proposed
payment.  The Trustee shall promptly notify the Company of such
special record date and, in the name and at the expense of the Company, shall
cause notice of the proposed payment of such Defaulted Interest and the special
record date therefor to be mailed, first class postage prepaid, to each
Securityholder at his or her address as it appears in the Security Register (as
hereinafter defined), not less than 10 days prior to such special record
date.  Notice of the proposed payment of such Defaulted Interest and
the special record date therefor having been mailed as aforesaid, such Defaulted
Interest shall be paid to the Persons in whose names such Securities (or their
respective Predecessor Securities) are registered on such special record
date.

     

    
      
         

      

      
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    (2)         The
Company may make payment of any Defaulted Interest on any Securities in any
other lawful manner not inconsistent with the requirements of any securities
exchange on which such Securities may be listed, and upon such notice as may be
required by such exchange, if, after notice given by the Company to the Trustee
of the proposed payment pursuant to this clause, such manner of payment shall be
deemed practicable by the Trustee.  Unless otherwise set forth in a
Board Resolution or one or more indentures supplemental hereto establishing the
terms of any series of Securities pursuant to Section 2.01 hereof, the term
“regular record date” as used in this Section with respect to a series of
Securities with respect to any Interest Payment Date for such series shall mean
either the fifteenth day of the month immediately preceding the month in which
an Interest Payment Date established for such series pursuant to Section 2.01
hereof shall occur, if such Interest Payment Date is the first day of a month,
or the last day of the month immediately preceding the month in which an
Interest Payment Date established for such series pursuant to Section 2.01
hereof shall occur, if such Interest Payment Date is the fifteenth day of a
month, whether or not such date is a Business Day.  Subject to the
foregoing provisions of this Section, each Security of a series delivered under
this Indenture upon transfer of or in exchange for or in lieu of any other
Security of such series shall carry the rights to interest accrued and unpaid,
and to accrue, that were carried by such other Security.

     

    SECTION
2.04  EXECUTION AND AUTHENTICATION.

     

    The
Securities shall be signed on behalf of the Company by its President, or one of
its Vice Presidents, or its Treasurer, or one of its Assistant Treasurers,
attested by its Secretary or one of its Assistant
Secretaries.  Signatures may be in the form of a manual or facsimile
signature.  The Company may use the facsimile signature of any Person
who shall have been a President or Vice President thereof, or of any Person who
shall have been the Treasurer, an Assistant Treasurer, the Secretary or an
Assistant Secretary thereof, notwithstanding the fact that at the time the
Securities shall be authenticated and delivered or disposed of such Person shall
have ceased to be the President or a Vice President, or the Treasurer, an
Assistant Treasurer, the Secretary or an Assistant Secretary, of the
Company.  The Securities may contain such notations, legends or
endorsements required by law, stock exchange rule or usage.  A
Security shall not be valid until authenticated manually by an authorized
signatory of the Trustee, or by an Authenticating Agent.  Such
signature shall be conclusive evidence and the only evidence that the Security
so authenticated has been duly authenticated and delivered hereunder and that
the Holder is entitled to the benefits of this Indenture.  At any time
and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series executed by the Company to the
Trustee for authentication, together with a written order of the Company for the
authentication and delivery of such Securities, signed by its President or any
Vice President and its Secretary or any Assistant Secretary, and the Trustee in
accordance with such written order shall authenticate and deliver such
Securities.  In authenticating such Securities and accepting the
additional responsibilities under this Indenture in relation to such Securities,
the Trustee shall be entitled to receive, and (subject to Section 7.01) shall be
fully protected in relying upon, an Opinion of Counsel stating that the form and
terms thereof have been established in conformity with the provisions of this
Indenture and that such Securities, when authenticated and delivered by the
Trustee and issued by the Company in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute valid and legally binding
obligations of the Company enforceable in accordance with their terms, subject
to any Bankruptcy Law or other insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting
creditors’ rights and to general equity principles and to other customary
exceptions.  The Trustee shall not be required to authenticate such
Securities if the issue of such Securities pursuant to this Indenture will
affect the Trustee’s own rights, duties or immunities under the Securities and
this Indenture or otherwise in a manner that is not reasonably acceptable to the
Trustee.

     

    
      
        
        

      

      
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    SECTION
2.05  REGISTRATION OF TRANSFER AND EXCHANGE.

     

    (a)  Securities
of any series may be exchanged upon presentation thereof at the office or agency
of the Company designated for such purpose in [____________], for other
Securities of such series of authorized denominations, and for a like aggregate
principal amount, upon payment of a sum sufficient to cover any tax or other
governmental charge in relation thereto, all as provided in this
Section.  In respect of any Securities so surrendered for exchange,
the Company shall execute, the Trustee shall authenticate and such office or
agency shall deliver in exchange therefor the Security or Securities of the same
series that the Securityholder making the exchange shall be entitled to receive,
bearing numbers not contemporaneously outstanding.

     

    (b)  The
Company shall keep, or cause to be kept, at its office or agency designated for
such purpose in [_____________], or such other location designated by the
Company a register or registers (herein referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the
Company shall register the Securities and the transfers of Securities as in this
Article provided and which at all reasonable times shall be open for inspection
by the Trustee.  The registrar for the purpose of registering
Securities and transfer of Securities as herein provided shall be appointed as
authorized by Board Resolution (the “Security Registrar”).  Upon
surrender for transfer of any Security at the office or agency of the Company
designated for such purpose, the Company shall execute, the Trustee shall
authenticate and such office or agency shall deliver in the name of the
transferee or transferees a new Security or Securities of the same series as the
Security presented for a like aggregate principal amount.  All
Securities presented or surrendered for exchange or registration of transfer, as
provided in this Section, shall be accompanied (if so required by the Company or
the Security Registrar) by a written instrument or instruments of transfer, in
form satisfactory to the Company or the Security Registrar, duly executed by the
registered Holder or by such Holder’s duly authorized attorney in
writing.

     

    (c)  No
service charge shall be made for any exchange or registration of transfer of
Securities, or issue of new Securities in case of partial redemption of any
series, but the Company may require payment of a sum sufficient to cover any tax
or other governmental charge in relation thereto, other than exchanges pursuant
to Section 2.06, Section 3.03(b) and Section 9.04 not involving any
transfer.  The Company shall not be required (i) to issue, exchange or
register the transfer of any Securities during a period beginning at the opening
of business 15 days before the day of the mailing of a notice of redemption of
less than all the Outstanding Securities of the same series and ending at the
close of business on the day of such mailing, nor (ii) to register the transfer
of or exchange any Securities of any series or portions thereof called for
redemption.  The provisions of this Section 2.05 are, with respect to
any Global Security, subject to Section 2.11 hereof.

     

    SECTION
2.06  TEMPORARY SECURITIES.

     

    Pending
the preparation of definitive Securities of any series, the Company may execute,
and the Trustee shall authenticate and deliver, temporary Securities (printed,
lithographed or typewritten) of any authorized denomination.  Such
temporary Securities shall be substantially in the form of the definitive
Securities in lieu of which they are issued, but with such omissions, insertions
and variations as may be appropriate for temporary Securities, all as may be
determined by the Company.  Every temporary Security of any series
shall be executed by the Company and be authenticated by the Trustee upon the
same conditions and in substantially the same manner, and with like effect, as
the definitive Securities of such series.  Without unnecessary delay
the Company will execute and will furnish definitive Securities of such series
and thereupon any or all temporary Securities of such series may be surrendered
in exchange therefor (without charge to the Holders), at the office or agency of
the Company designated for the purpose in [______________], and the Trustee
shall authenticate and such office or agency shall deliver in exchange for such
temporary Securities an equal aggregate principal amount of definitive
Securities of such series, unless the Company advises the Trustee to the effect
that definitive Securities need not be executed and furnished until further
notice from the Company.  Until so exchanged, the temporary Securities
of such series shall be entitled to the same benefits under this Indenture as
definitive Securities of such series authenticated and delivered
hereunder.

     

    
      
        
        

      

      
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    SECTION
2.07  MUTILATED, DESTROYED, LOST OR STOLEN
SECURITIES.

    In case
any temporary or definitive Security shall become mutilated or be destroyed,
lost or stolen, the Company (subject to the next succeeding sentence) shall
execute, and upon the Company’s request the Trustee (subject as aforesaid) shall
authenticate and deliver, a new Security of the same series, bearing a number
not contemporaneously outstanding, in exchange and substitution for the
mutilated Security, or in lieu of and in substitution for the Security so
destroyed, lost or stolen.  In every case the applicant for a
substituted Security shall furnish to the Company and the Trustee such security
or indemnity as may be required by them to save each of them harmless, and, in
every case of destruction, loss or theft, the applicant shall also furnish to
the Company and the Trustee evidence to their satisfaction of the destruction,
loss or theft of the applicant’s Security and of the ownership
thereof.  The Trustee may authenticate any such substituted Security
and deliver the same upon the written request or authorization of any officer of
the Company.  Upon the issuance of any substituted Security, the
Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee) connected
therewith.  In case any Security that has matured or is about to
mature shall become mutilated or be destroyed, lost or stolen, the Company may,
instead of issuing a substitute Security, pay or authorize the payment of the
same (without surrender thereof except in the case of a mutilated Security) if
the applicant for such payment shall furnish to the Company and the Trustee such
security or indemnity as they may require to save them harmless, and, in case of
destruction, loss or theft, evidence to the satisfaction of the Company and the
Trustee of the destruction, loss or theft of such Security and of the ownership
thereof.  Every replacement Security issued pursuant to the provisions
of this Section shall constitute an additional contractual obligation of the
Company whether or not the mutilated, destroyed, lost or stolen Security shall
be found at any time, or be enforceable by anyone, and shall be entitled to all
the benefits of this Indenture equally and proportionately with any and all
other Securities of the same series duly issued hereunder.  All
Securities shall be held and owned upon the express condition that the foregoing
provisions are exclusive with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities, and shall preclude (to the
extent lawful) any and all other rights or remedies, notwithstanding any law or
statute existing or hereafter enacted to the contrary with respect to the
replacement or payment of negotiable instruments or other securities without
their surrender.

     

    SECTION
2.08  CANCELLATION.

     

    All
Securities surrendered for the purpose of payment, redemption, exchange or
registration of transfer shall, if surrendered to the Company or any paying
agent, be delivered to the Trustee for cancellation, or, if surrendered to the
Trustee, shall be cancelled by it, and no Securities shall be issued in lieu
thereof except as expressly required or permitted by any of the provisions of
this Indenture.  On request of the Company at the time of such
surrender, the Trustee shall deliver to the Company canceled Securities held by
the Trustee.  In the absence of such request the Trustee may dispose
of canceled Securities in accordance with its standard procedures and deliver a
certificate of disposition to the Company.  If the Company shall
otherwise acquire any of the Securities, however, such acquisition shall not
operate as a redemption or satisfaction of the indebtedness represented by such
Securities unless and until the same are delivered to the Trustee for
cancellation.

     

    SECTION
2.09  BENEFITS OF INDENTURE.

     

    Nothing
in this Indenture or in the Securities, express or implied, shall give or be
construed to give to any Person, other than the parties hereto and the Holders
of the Securities any legal or equitable right, remedy or claim under or in
respect of this Indenture, or under any covenant, condition or provision herein
contained; all such covenants, conditions and provisions being for the sole
benefit of the parties hereto and of the Holders of the Securities.

     

    
      
        
        

      

      
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    SECTION
2.10  AUTHENTICATING AGENT.

     

    So long
as any of the Securities of any series remain Outstanding there may be an
Authenticating Agent for any or all such series of Securities which the Trustee
shall have the right to appoint.  Said Authenticating Agent shall be
authorized to act on behalf of the Trustee to authenticate Securities of such
series issued upon exchange, transfer or partial redemption thereof, and
Securities so authenticated shall be entitled to the benefits of this Indenture
and shall be valid and obligatory for all purposes as if authenticated by the
Trustee hereunder.  All references in this Indenture to the
authentication of Securities by the Trustee shall be deemed to include
authentication by an Authenticating Agent for such series.  Each
Authenticating Agent shall be acceptable to the Company and shall be a
corporation that has a combined capital and surplus, as most recently reported
or determined by it, sufficient under the laws of any jurisdiction under which
it is organized or in which it is doing business to conduct a trust business,
and that is otherwise authorized under such laws to conduct such business and is
subject to supervision or examination by federal or state
authorities.  If at any time any Authenticating Agent shall cease to
be eligible in accordance with these provisions, it shall resign
immediately.  Any Authenticating Agent may at any time resign by
giving written notice of resignation to the Trustee and to the
Company.  The Trustee may at any time (and upon request by the Company
shall) terminate the agency of any Authenticating Agent by giving written notice
of termination to such Authenticating Agent and to the Company.  Upon
resignation, termination or cessation of eligibility of any Authenticating
Agent, the Trustee may appoint an eligible successor Authenticating Agent
acceptable to the Company.  Any successor Authenticating Agent, upon
acceptance of its appointment hereunder, shall become vested with all the
rights, powers and duties of its predecessor hereunder as if originally named as
an Authenticating Agent pursuant hereto.  Any corporation into which
an Authenticating Agent may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which such Authenticating Agent shall be a party, or any
corporation succeeding to the corporate agency or corporate trust business of an
Authenticating Agent, shall continue to be an Authenticating Agent, provided
that such corporation shall be otherwise eligible under this Section, without
the execution or filing of any paper or any further act on the part of the
Trustee or the Authenticating Agent.

     

    SECTION
2.11  GLOBAL SECURITIES.

     

    (a)   If
the Company shall establish pursuant to Section 2.01 that the Securities of a
particular series are to be issued as a Global Security, then the Company shall
execute and the Trustee shall, in accordance with Section 2.04, authenticate and
deliver, a Global Security that

     

    (1)         shall
represent, and shall be denominated in an amount equal to the aggregate
principal amount of, all or a portion of the Outstanding Securities of such
series,

     

    (2)         shall
be registered in the name of the Depositary or its nominee,

     

    (3)         shall
be delivered by the Trustee to the Depositary or pursuant to the Depositary’s
instruction, and

     

    (4)         shall
bear a legend substantially to the following effect:  “Except as
otherwise provided in Section 2.11 of the Indenture, this Security may be
transferred, in whole but not in part, only to the Depositary, another nominee
of the Depositary or to a successor Depositary or to a nominee of such successor
Depositary.”

     

    (b)   Notwithstanding
the provisions of Section 2.05, the Global Security of a series may be
transferred, in whole but not in part and in the manner provided in Section
2.05, only to the Depositary for such series, another nominee of the Depositary
for such series, or to a successor Depositary for such series selected or
approved by the Company or to a nominee of such successor
Depositary.

     

    (c)   If
at any time the Depositary for a series of the Securities notifies the Company
that it is unwilling or unable to continue as Depositary for such series or if
at any time the Depositary for such series shall no longer be registered or in
good standing under the Exchange Act, or other applicable statute or regulation,
and a successor Depositary for such series is not appointed by the Company
within 90 days after the Company receives such notice or becomes aware of such
condition, as the case may be, this Section 2.11 shall no longer be applicable
to the Securities of such series and the Company will execute, and subject to
Section 2.05, the Trustee will authenticate and deliver the Securities of such
series in definitive registered form without coupons, in authorized
denominations, and in an aggregate principal amount equal to the principal
amount of the Global Security of such series in exchange for such Global
Security.  In addition, the Company may at any time determine that the
Securities of any series shall no longer be represented by a Global Security and
that the provisions of this Section 2.11 shall no longer apply to the Securities
of such series.  In such event the Company will execute and subject to
Section 2.05, the Trustee, upon receipt of an Officers’ Certificate evidencing
such determination by the Company, will authenticate and deliver the Securities
of such series in definitive registered form without coupons, in authorized
denominations, and in an aggregate principal amount equal to the principal
amount of the Global Security of such series in exchange for such Global
Security.  Upon the exchange of the Global Security for such
Securities in definitive registered form without coupons, in authorized
denominations, the Global Security shall be canceled by the
Trustee.  Such Securities in definitive registered form issued in
exchange for the Global Security pursuant to this Section 2.11(c) shall be
registered in such names and in such authorized denominations as the Depositary,
pursuant to instructions from its direct or indirect participants or otherwise,
shall instruct the Trustee.  The Trustee shall deliver such Securities
to the Depositary for delivery to the Persons in whose names such Securities are
so registered.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

     (d)   None
of the Trustee, the Security Registrar or any paying agent shall have any
responsibility or obligation to any beneficial owner in a Global Security, a
member of, or a participant in the Depositary or other Person with respect to
the accuracy of the records of the Depositary or its nominee or of any
participant or member thereof, with respect to any ownership interest in the
Securities or with respect to the delivery to any participant, member,
beneficial owner or other Person (other than the Depositary) of any notice
(including any notice of redemption) or the payment of any amount, under or with
respect to such Securities.  All notices and communications to be
given to the Securityholders and all payments to be made to Securityholders
under the Securities and this Indenture shall be given or made only to or upon
the order of the registered holders (which shall be the Depositary or its
nominee in the case of the Global Security).  The rights of beneficial
owners in the Global Security shall be exercised only through the Depositary
subject to the applicable procedures.  The Trustee, the Security
Registrar and any paying agent shall be entitled to rely and shall be fully
protected in relying upon information furnished by the Depositary with respect
to its members, participants and any beneficial owners.  The Trustee,
the Security Registrar and any paying agent shall be entitled to deal with any
depositary (including the Depositary), and any nominee thereof, that is the
registered holder of any Global Security for all purposes of this Indenture
relating to such Global Security (including the payment of principal, premium,
if any, and interest and additional amounts, if any, and the giving of
instructions or directions by or to the owner or holder of a beneficial
ownership interest in such Global Security) as the sole holder of such Global
Security and shall have no obligations to the beneficial owners
thereof.  None of the Trustee, the Security Registrar or any paying
agent shall have any responsibility or liability for any acts or omissions of
any such depositary with respect to such Global Security, for the records of any
such depositary, including records in respect of beneficial ownership interests
in respect of any such Global Security, for any transactions between such
depositary and any participant in such depositary or between or among any such
depositary, any such participant and/or any holder or owner of a beneficial
interest in such Global Security, or for any transfers of beneficial interests
in any such Global Security.

     

    Notwithstanding
the foregoing, with respect to any Global Security, nothing herein shall prevent
the Company, the Trustee, the Security Registrar, any paying agent, or any other
agent of the Company or any agent of the Trustee, from giving effect to any
written certification, proxy or other authorization furnished by any depositary
(including the Depositary), as a Securityholder, with respect to such Global
Security or impair, as between such depositary and owners of beneficial
interests in such Global Security, the operation of customary practices
governing the exercise of the rights of such depositary (or its nominee) as
Holder of such Global Security.

     

    ARTICLE
III

    REDEMPTION
OF SECURITIES AND SINKING FUND

    PROVISIONS

     

    SECTION
3.01  REDEMPTION.

     

    The
Company may redeem the Securities of any series issued hereunder on and after
the dates and in accordance with the terms established for such series pursuant
to Section 2.01 hereof.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    SECTION
3.02  NOTICE OF REDEMPTION.

    (a)   In
case the Company shall desire to exercise such right to redeem all or, as the
case may be, a portion of the Securities of any series in accordance with the
right reserved so to do, the Company shall (upon five Business Days prior notice
to the Trustee, unless a shorter notice period shall be acceptable to the
Trustee), or shall cause the Trustee to, give notice of such redemption to
Holders of the Securities of such series to be redeemed by mailing, first class
postage prepaid, a notice of such redemption not less than 30 days and not more
than 90 days before the date fixed for redemption of that series to such Holders
at their last addresses as they shall appear upon the Security Register unless a
shorter period is specified in the Securities to be redeemed.  Any
notice that is mailed in the manner herein provided shall be conclusively
presumed to have been duly given, whether or not the registered Holder receives
the notice.  In any case, failure duly to give such notice to the
Holder of any Security of any series designated for redemption in whole or in
part, or any defect in the notice, shall not affect the validity of the
proceedings for the redemption of any other Securities of such series or any
other series.  In the case of any redemption of Securities prior to
the expiration of any restriction on such redemption provided in the terms of
such Securities or elsewhere in this Indenture, the Company shall furnish the
Trustee with an Officers’ Certificate evidencing compliance with any such
restriction.  Each such notice of redemption shall specify the date
fixed for redemption and the redemption price at which Securities of that series
are to be redeemed, and shall state that payment of the redemption price of such
Securities to be redeemed will be made at the office or agency of the Company in
[_____________], upon presentation and surrender of such Securities, that
interest accrued to the date fixed for redemption will be paid as specified in
said notice, that from and after said date interest will cease to accrue and
that the redemption is for a sinking fund, if such is the case.  If
less than all the Securities of a series are to be redeemed, the notice to the
Holders of Securities of that series to be redeemed in whole or in part shall
specify the particular Securities to be so redeemed.  In case any
Security is to be redeemed in part only, the notice that relates to such
Security shall state the portion of the principal amount thereof to be redeemed,
and shall state that on and after the redemption date, upon surrender of such
Security, a new Security or Securities of such series in principal amount equal
to the unredeemed portion thereof will be issued.

     

    (b)   If
less than all the Securities of a series are to be redeemed, the Company shall
give the Trustee at least 45 days’ notice in advance of the date fixed for
redemption as to the aggregate principal amount of Securities of the series to
be redeemed, and thereupon the Trustee shall select, by lot or in such other
manner as it shall deem appropriate and fair in its discretion and that may
provide for the selection of a portion or portions (equal to one thousand U.S.
dollars ($1,000) or any integral multiple thereof) of the principal amount of
such Securities of a denomination larger than $1,000, the Securities to be
redeemed and shall thereafter promptly notify the Company in writing of the
numbers of the Securities to be redeemed, in whole or in part.  The
Company may, if and whenever it shall so elect, by delivery of instructions
signed on its behalf by its President or any Vice President, instruct the
Trustee or any paying agent to call all or any part of the Securities of a
particular series for redemption and to give notice of redemption in the manner
set forth in this Section, such notice to be in the name of the Company or its
own name as the Trustee or such paying agent as it may deem
advisable.  In any case in which notice of redemption is to be given
by the Trustee or any such paying agent, the Company shall deliver or cause to
be delivered to, or permit to remain with, the Trustee or such paying agent, as
the case may be, such Security Register, transfer books or other records, or
suitable copies or extracts therefrom, sufficient to enable the Trustee or such
paying agent to give any notice by mail that may be required under the
provisions of this Section.

     

    SECTION
3.03  PAYMENT UPON REDEMPTION.

     

    (a)   If
the giving of notice of redemption shall have been completed as above provided,
the Securities or portions of Securities of the series to be redeemed specified
in such notice shall become due and payable on the date and at the place stated
in such notice at the applicable redemption price, together with interest
accrued to the date fixed for redemption and interest on such Securities or
portions of Securities shall cease to accrue on and after the date fixed for
redemption, unless the Company shall default in the payment of such redemption
price and accrued interest with respect to any such Security or portion
thereof.  On presentation and surrender of such Securities on or after
the date fixed for redemption at the place of payment specified in the notice,
said Securities shall be paid and redeemed at the applicable redemption price
for such series, together with interest accrued thereon to the date fixed for
redemption (but if the date fixed for redemption is an Interest Payment Date,
the interest installment payable on such date shall be payable to the registered
Holder at the close of business on the applicable record date pursuant to
Section 2.03).

     

    (b)   Upon
presentation of any Security of such series that is to be redeemed in part only,
the Company shall execute and the Trustee shall authenticate and the office or
agency where the Security is presented shall deliver to the Holder thereof, at
the expense of the Company, a new Security of the same series of authorized
denominations in principal amount equal to the unredeemed portion of the
Security so presented.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    SECTION
3.04  SINKING FUND.

    The
provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any sinking
fund for the retirement of Securities of a series, except as otherwise specified
as contemplated by Section 2.01 for Securities of such series.  The
minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a “mandatory sinking fund
payment,” and any payment in excess of such minimum amount provided for by the
terms of Securities of any series is herein referred to as an “optional sinking
fund payment”.  If provided for by the terms of Securities of any
series, the cash amount of any sinking fund payment may be subject to reduction
as provided in Section 3.05.  Each sinking fund payment shall be
applied to the redemption of Securities of any series as provided for by the
terms of Securities of such series.

     

    SECTION
3.05  SATISFACTION OF SINKING FUND PAYMENTS WITH
SECURITIES.

     

    The
Company,

     

    (1)         may
deliver Outstanding Securities of a series (other than any Securities previously
called for redemption) and

     

    (2)         may
apply as a credit Securities of a series that have been redeemed either at the
election of the Company pursuant to the terms of such Securities or through the
application of permitted optional sinking fund payments pursuant to the terms of
such Securities, in each case in satisfaction of all or any part of any sinking
fund payment with respect to the Securities of such series required to be made
pursuant to the terms of such Securities as provided for by the terms of such
series, provided that such Securities have not been previously so
credited.  Such Securities shall be received and credited for such
purpose by the Trustee at the redemption price specified in such Securities for
redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly.

     

    SECTION
3.06  REDEMPTION OF SECURITIES FOR SINKING FUND.

     

    Not less
than 45 days prior to each sinking fund payment date for any series of
Securities, the Company will deliver to the Trustee an Officers’ Certificate
specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of the series, the portion thereof, if any, that is to be
satisfied by delivering and crediting Securities of that series pursuant to
Section 3.05 and the basis for such credit and will, together with such
Officers’ Certificate, deliver to the Trustee any Securities to be so
delivered.  Not less than 30 days before each such sinking fund
payment date the Trustee shall select the Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 3.02 and cause
notice of the redemption thereof to be given in the name of and at the expense
of the Company in the manner provided in Section 3.02.  Such notice
having been duly given, the redemption of such Securities shall be made upon the
terms and in the manner stated in Section 3.03.

     

    ARTICLE
IV

    COVENANTS

     

    SECTION
4.01  PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST.

     

    The
Company will duly and punctually pay or cause to be paid the principal of (and
premium, if any) and interest on the Securities of each series at the time and
place and in the manner provided herein and established with respect to such
Securities.

     

    SECTION
4.02  MAINTENANCE OF OFFICE OR AGENCY.

     

    So long
as any series of the Securities remain Outstanding, the Company agrees to
maintain an office or agency in [____________], with respect to each such series
and at such other location or locations as may be designated as provided in this
Section 4.02, where (i) Securities of that series may be presented for payment,
(ii) Securities of that series may be presented as herein above authorized for
registration of transfer and exchange, and (iii) notices and demands to or upon
the Company in respect of the Securities of that series and this Indenture may
be given or served, such designation to continue with respect to such office or
agency until the Company shall, by written notice signed by its President or a
Vice President and delivered to the Trustee, designate some other office or
agency in [_____________] for such purposes or any of them.  If at any
time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, such presentations,
notices and demands may be made or served at the Corporate Trust Office of the
Trustee, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, notices and demands.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    The
Company may also from time to time designate one or more other offices or
agencies where the Securities of one or more series may be presented or
surrendered for any or all such purposes and may from time to time rescind such
designations; provided, however, that no such designation or rescission shall in
any manner relieve the Company of its obligation to maintain an office or agency
in [____________] for Securities of any series for such purposes. The Company
will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or
agency.

     

    SECTION
4.03  PAYING AGENTS.

     

    (a)   If
the Company shall appoint one or more paying agents for all or any series of the
Securities, other than the Trustee, the Company will cause each such paying
agent to execute and deliver to the Trustee an instrument in which such agent
shall agree with the Trustee, subject to the provisions of this
Section:

     

    (1)         that
it will hold all sums or property held by it as such agent for the payment of
the principal of (and premium, if any) or interest on the Securities of that
series (whether such sums or property have been paid to it by the Company or by
any other obligor of such Securities) in trust for the benefit of the Persons
entitled thereto;

     

    (2)         that
it will give the Trustee notice of any failure by the Company (or by any other
obligor of such Securities) to make any payment of the principal of (and
premium, if any) or interest on the Securities of that series when the same
shall be due and payable;

     

    (3)         that
it will, at any time during the continuance of any failure referred to in the
preceding paragraph (a)(2) above, upon the written request of the Trustee,
forthwith pay to the Trustee all sums or property so held in trust by such
paying agent; and

     

    (4)         that
it will perform all other duties of paying agent as set forth in this
Indenture.

     

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

     

    (c)   Notwithstanding
anything in this Section to the contrary,

     

    (1)         the
agreement to hold sums or property in trust as provided in this Section is
subject to the provisions of Section 11.05, and

     

    (2)         the
Company may at any time, for the purpose of obtaining the satisfaction and
discharge of this Indenture or for any other purpose, pay, or direct any paying
agent to pay, to the Trustee all sums or property held in trust by the Company
or such paying agent, such sums or property to be held by the Trustee upon the
same terms and conditions as those upon which such sums or property were held by
the Company or such paying agent; and, upon such payment by any paying agent to
the Trustee, such paying agent shall be released from all further liability with
respect to such money or property.

     

    SECTION
4.04  APPOINTMENT TO FILL VACANCY IN OFFICE OF TRUSTEE.

     

    The
Company, whenever necessary to avoid or fill a vacancy in the office of Trustee,
will appoint, in the manner provided in Section 7.11, a Trustee, so that there
shall at all times be a Trustee hereunder.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    SECTION
4.05  COMPLIANCE WITH CONSOLIDATION PROVISIONS.

    
       

      The
Company will not, while any of the Securities remain Outstanding, consolidate
with or merge into any other Person, in either case where the Company is not the
survivor of such transaction, or sell, convey, transfer or otherwise dispose of
its property as an entirety or substantially as an entirety to any other Person
unless the provisions of Article X hereof are complied with.

       

      SECTION
4.06  STATEMENT BY OFFICERS AS TO DEFAULT.

       

      The
Company will deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officers’ Certificate, stating whether or not to
the best knowledge of the signer thereof the Company is in default in the
performance and observance of any of the terms, provisions and conditions of
this Indenture (without regard to any period of grace or requirement of notice
provided hereunder) and, if the Company shall be in default, specifying all such
defaults and the nature and status thereof of which such signer may have
knowledge.

       

      ARTICLE
V

      SECURITYHOLDERS’
LISTS AND REPORTS BY THE

      COMPANY
AND THE TRUSTEE

       

      SECTION
5.01  COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF
SECURITYHOLDERS.

       

      The
Company will furnish or cause to be furnished to the Trustee:

       

      (1)         not
more than 15 days after each regular record date (as defined in Section 2.03) a
list, in such form as the Trustee may reasonably require, of the names and
addresses of the Holders of each series of Securities as of such regular record
date, provided that the Company shall not be obligated to furnish or cause to
furnish such list at any time that the list shall not differ in any respect from
the most recent list furnished to the Trustee by the Company; and

       

      (2)         at
such other times as the Trustee may request in writing within 30 days after the
receipt by the Company of any such request, a list of similar form and content
as of a date not more than 15 days prior to the time such list is furnished;
provided, however, that, in either case, no such list need be furnished for any
series for which the Trustee shall be the Security Registrar.

       

      SECTION
5.02  PRESERVATION OF INFORMATION; COMMUNICATIONS WITH
SECURITYHOLDERS.

       

      (a)   The
Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the Holders of Securities contained
in the most recent list furnished to it as provided in Section 5.01 and as to
the names and addresses of Holders of Securities received by the Trustee in its
capacity as Security Registrar (if acting in such capacity).

       

      (b)   The
Trustee may destroy any list furnished to it as provided in Section 5.01 upon
receipt of a new list so furnished.

       

      (c)   Securityholders
may communicate as provided in Section 312(b) of the Trust Indenture Act with
other Securityholders with respect to their rights under this Indenture or under
the Securities.

       

      SECTION
5.03  REPORTS BY THE COMPANY.

       

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

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

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

       

      (c) 
The Company covenants and agrees to transmit by mail, first class postage
prepaid, or reputable overnight delivery service that provides for evidence of
receipt, to the Securityholders, as their names and addresses appear upon the
Security Register, within 30 days after the filing thereof with the Trustee,
such summaries of any information, documents and reports required to be filed by
the Company pursuant to subsections (a) and (b) of this Section as may be
required by rules and regulations prescribed from time to time by the
Commission.

       

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

       

      SECTION
5.04  REPORTS BY THE TRUSTEE.

       

      (a) 
On or before July 15 in each year in which any of the Securities are
Outstanding, the Trustee shall transmit by mail, first class postage prepaid, to
the Securityholders, as their names and addresses appear upon the Security
Register, a brief report dated as of the preceding May 15, if and to the extent
required under Section 313(a) of the Trust Indenture Act.

       

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

       

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

       

      ARTICLE
VI

      REMEDIES
OF THE TRUSTEE AND SECURITYHOLDERS ON

      EVENT
OF DEFAULT

       

      SECTION
6.01  EVENTS OF DEFAULT.

       

      (a) 
Whenever used herein with respect to Securities of a particular series, “Event
of Default” means any one or more of the following events that has occurred and
is continuing (whatever the reason for such Event of Default and whether it
shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body):

       

      (1)         the
Company defaults in the payment of any installment of interest upon any of the
Securities of that series, as and when the same shall become due and payable,
and continuance of such default for a period of 90 days; provided, however, that
a valid extension of an interest payment period by the Company in accordance
with the terms of any indenture supplemental hereto shall not constitute a
default in the payment of interest for this purpose;

       

      (2)         the
Company defaults in the payment of the principal of (or premium, if any, on) any
of the Securities of that series as and when the same shall become due and
payable whether at maturity, upon redemption, by declaration or otherwise, or in
any payment required by any sinking or analogous fund established with respect
to that series; provided, however, that a valid extension of the maturity of
such Securities in accordance with the terms of any indenture supplemental
hereto shall not constitute a default in the payment of principal or premium, if
any;

       

      (3)         the
Company fails to observe or perform any other of its covenants or agreements
with respect to that series contained in this Indenture or otherwise established
with respect to that series of Securities pursuant to Section 2.01 hereof (other
than a covenant or agreement that has been expressly included in this Indenture
solely for the benefit of one or more series of Securities other than such
series) for a period of 90 days after the date on which written notice of such
failure, requiring the same to be remedied and stating that such notice is a
“Notice of Default” hereunder, shall have been given to the Company by the
Trustee, by registered or certified mail, or to the Company and the Trustee by
the Holders of at least 25% in principal amount of the Securities of that series
at the time Outstanding;

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

       

      (4)         the
Company pursuant to or within the meaning of any Bankruptcy Law

       

        
(i)         commences a voluntary
case,

       

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

       

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

       

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

       

      (5)         a
court of competent jurisdiction enters an order under any Bankruptcy Law
that

       

        
(i)         is for relief against
the Company in an involuntary case,

       

        
(ii)        appoints a Custodian of the
Company for all or substantially all of its property, or

       

        
(iii)       orders the liquidation of the
Company, and the order remains unstayed and in effect for 90 days.

       

      (b) 
In each and every such case, unless the principal of all the Securities of that
series shall have already become due and payable, either the Trustee or the
Holders of not less than 25% in aggregate principal amount of the Securities of
that series then Outstanding hereunder, by notice in writing to the Company (and
to the Trustee if given by such Securityholders), may declare the principal of
all the Securities of that series to be due and payable immediately, and upon
any such declaration the same shall become and shall be immediately due and
payable, notwithstanding anything contained in this Indenture or in the
Securities of that series or established with respect to that series pursuant to
Section 2.01 to the contrary.

       

      (c) 
At any time after the principal of the Securities of that series shall have been
so declared due and payable, and before any judgment or decree for the payment
of the moneys due shall have been obtained or entered as hereinafter provided,
the Holders of a majority in aggregate principal amount of the Securities of
that series then Outstanding hereunder, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences
if:

       

        
(i)         the Company has paid or
deposited with the Trustee a sum or property sufficient to pay all matured
installments of interest upon all the Securities of that series and the
principal of (and premium, if any, on) any and all Securities of that series
that shall have become due otherwise than by acceleration (with interest upon
such principal and premium, if any, and, to the extent that such payment is
enforceable under applicable law, upon overdue installments of interest, at the
rate per annum expressed in the Securities of that series to the date of such
payment or deposit) and the amount payable to the Trustee under Section 7.07,
and

       

        
(ii)        any and all Events of
Default under the Indenture with respect to such series, other than the
nonpayment of principal on Securities of that series that shall not have become
due by their terms, shall have been remedied or waived as provided in Section
6.06.  No such rescission and annulment shall extend to or shall
affect any subsequent default or impair any right consequent
thereon.

       

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

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

       

      SECTION
6.02  COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY
TRUSTEE.

       

      (a) 
The Company covenants that

       

      (i)         in
case it shall default in the payment of any installment of interest on any of
the Securities of a series, as and when the same shall have become due and
payable, and such default shall have continued for a period of 90 days,
or

       

      (ii)         in
case it shall default in the payment of the principal of (or premium, if any,
on) any of the Securities of a series when the same shall have become due and
payable, whether upon maturity of the Securities of a series or upon redemption
or upon declaration, pursuant to any sinking or analogous fund established with
respect to that series or otherwise, then, upon demand of the Trustee, the
Company will pay to the Trustee, for the benefit of the Holders of the
Securities of that series, the whole amount that then shall have been become due
and payable on all such Securities for principal (and premium, if any) or
interest, or both, as the case may be, with interest upon the overdue principal
(and premium, if any) and (to the extent that payment of such interest is
enforceable under applicable law) upon overdue installments of interest at the
rate per annum expressed in the Securities of that series; and, in addition
thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, and the amount payable to the Trustee under Section
7.07.

       

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

       

      (c) 
In case of any receivership, insolvency, liquidation, bankruptcy,
reorganization, readjustment, arrangement, composition or judicial proceedings
affecting the Company, or its creditors or property, the Trustee shall have
power to intervene in such proceedings and take any action therein that may be
permitted by the court and shall (except as may be otherwise provided by law) be
entitled to file such proofs of claim and other papers and documents as may be
necessary or advisable in order to have the claims of the Trustee and of the
Holders of Securities of such series allowed for the entire amount due and
payable by the Company under the Indenture at the date of institution of such
proceedings and for any additional amount that may become due and payable by the
Company after such date, and to collect and receive any moneys or other property
payable or deliverable on any such claim, and to distribute the same after the
deduction of the amount payable to the Trustee under Section 7.07; and any
receiver, assignee or trustee in bankruptcy or reorganization is hereby
authorized by each of the Holders of Securities of such series to make such
payments to the Trustee, and, in the event that the Trustee shall consent to the
making of such payments directly to such Securityholders, to pay to the Trustee
any amount due it under Section 7.07.

       

      (d) 
All rights of action and of asserting claims under this Indenture, or under any
of the terms established with respect to Securities of that series, may be
enforced by the Trustee without the possession of any of such Securities, or the
production thereof at any trial or other proceeding relative thereto, and any
such suit or proceeding instituted by the Trustee shall be brought in its own
name as trustee of an express trust, and any recovery of judgment shall, after
provision for payment to the Trustee of any amounts due under Section 7.07, be
for the ratable benefit of the Holders of the Securities of such
series.  In case of an Event of Default hereunder, the Trustee may in
its discretion proceed to protect and enforce the rights vested in it by this
Indenture by such appropriate judicial proceedings as the Trustee shall deem
most effectual to protect and enforce any of such rights, either at law or in
equity or in bankruptcy or otherwise, whether for the specific enforcement of
any covenant or agreement contained in the Indenture or in aid of the exercise
of any power granted in this Indenture, or to enforce any other legal or
equitable right vested in the Trustee by this Indenture or by
law.  Nothing contained herein shall be deemed to authorize the
Trustee to authorize or consent to or accept or adopt on behalf of any
Securityholder any plan of reorganization, arrangement, adjustment or
composition affecting the Securities of that series or the rights of any Holder
thereof or to authorize the Trustee to vote in respect of the claim of any
Securityholder in any such proceeding.

       

      
        
          
          

        

        
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      SECTION
6.03  APPLICATION OF MONEYS COLLECTED.

       

      Any
moneys collected by the Trustee pursuant to this Article with respect to a
particular series of Securities and any money or other property distributable in
respect of the company’s obligations under this Indenture after an Event of
Default shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such moneys on account of
principal (or premium, if any) or interest, upon presentation of the Securities
of that series, and notation thereon of the payment, if only partially paid, and
upon surrender thereof if fully paid:

       

      FIRST:  To
the payment of costs and expenses of collection and of all amounts payable to
the Trustee (including any predecessor Trustee) under Section 7.07;
and

       

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

       

      SECTION
6.04  LIMITATION ON SUITS.

       

      No Holder
of any Security of any series shall have any right by virtue or by availing of
any provision of this Indenture to institute any suit, action or proceeding in
equity or at law upon or under or with respect to this Indenture or for the
appointment of a receiver or trustee, or for any other remedy hereunder,
unless

       

      (1)         such
Holder previously shall have given to the Trustee written notice of an Event of
Default and of the continuance thereof with respect to the Securities of such
series specifying such Event of Default, as hereinbefore provided;

       

      (2)         the
Holders of not less than 25% in aggregate principal amount of the Securities of
such series then Outstanding shall have made written request upon the Trustee to
institute such action, suit or proceeding in its own name as trustee
hereunder;

       

      (3)         such
Holder or Holders shall have offered to the Trustee such reasonable indemnity as
it may require against the costs, expenses and liabilities to be incurred
therein or thereby; and

       

      (4)         the
Trustee for 60 days after its receipt of such notice, request and offer of
indemnity, shall have failed to institute any such action, suit or proceeding
and

       

      (5)         during
such 60 day period, the Holders of a majority in principal amount of the
Securities of that series do not give the Trustee a direction inconsistent with
the request.

       

      Notwithstanding
anything contained herein to the contrary, the right of any Holder of any
Security to receive payment of the principal of (and premium, if any) and
interest on such Security, as therein provided, on the respective due dates
expressed in such Security (or in the case of redemption, on the redemption
date), or to institute suit for the enforcement of any such payment on or after
such respective dates or redemption date, shall not be impaired or affected
without the consent of such Holder and by accepting a Security hereunder it is
expressly understood, intended and covenanted by the taker and Holder of every
Security of such series with every other such taker and Holder and the Trustee,
that no one or more Holders of Securities of such series shall have any right in
any manner whatsoever by virtue or by availing of any provision of this
Indenture to affect, disturb or prejudice the rights of the Holders of any other
of such Securities, or to obtain or seek to obtain priority over or preference
to any other such Holder, or to enforce any right under this Indenture, except
in the manner herein provided and for the equal, ratable and common benefit of
all Holders of Securities of such series.  For the protection and
enforcement of the provisions of this Section, each and every Securityholder and
the Trustee shall be entitled to such relief as can be given either at law or in
equity.

       

      SECTION
6.05  RIGHTS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT
WAIVER.

       

      (a) 
Except as otherwise provided in Section 2.07, all powers and remedies given by
this Article to the Trustee or to the Securityholders shall, to the extent
permitted by law, be deemed cumulative and not exclusive of any other powers and
remedies available to the Trustee or the Holders of the Securities, by judicial
proceedings or otherwise, to enforce the performance or observance of the
covenants and agreements contained in this Indenture or otherwise established
with respect to such Securities.

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

       

      (b) 
No delay or omission of the Trustee or of any Holder of any of the Securities to
exercise any right or power accruing upon any Event of Default occurring and
continuing as aforesaid shall impair any such right or power, or shall be
construed to be a waiver of any such default or on acquiescence therein; and,
subject to the provisions of Section 6.04, every power and remedy given by this
Article or by law to the Trustee or the Securityholders may be exercised from
time to time, and as often as shall be deemed expedient, by the Trustee or by
the Securityholders.

       

      SECTION
6.06  CONTROL BY SECURITYHOLDERS.

       

      The
Holders of a majority in aggregate principal amount of the Securities of any
series at the time Outstanding, determined in accordance with Section 8.01,
shall have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred on the Trustee with respect to such series; provided, however,
that such direction shall not be in conflict with any rule of law or with this
Indenture or be unduly prejudicial to the rights of Holders of Securities of any
other series at the time Outstanding determined in accordance with Section
8.01.  Subject to the provisions of Section 7.01, the Trustee shall
have the right to decline to follow any such direction if the Trustee in good
faith shall, by a Responsible Officer or Officers of the Trustee, determine that
the proceeding so directed would involve the Trustee in personal
liability.  The Holders of a majority in aggregate principal amount of
the Securities of any series at the time Outstanding affected thereby,
determined in accordance with Section 8.01, may on behalf of the holders of all
of the Securities of such series waive any past default in the performance of
any of the covenants contained herein or established pursuant to Section 2.01
with respect to such series and its consequences, except a default in the
payment of the principal of (or premium, if any) or interest on, any of the
Securities of that series as and when the same shall become due by the terms of
such Securities otherwise than by acceleration (unless such default has been
cured and a sum or other property sufficient to pay all matured installments of
interest and principal and any premium has been deposited with the Trustee (in
accordance with Section 6.01(c)) or in respect of a covenant or provision hereof
which under Article IX cannot be modified or amended without the consent of the
Holder of each Outstanding Security affected.  Upon any such waiver,
the default covered thereby shall be deemed to be cured for all purposes of this
Indenture and the Company, the Trustee and the Holders of the Securities of such
series shall be restored to their former positions and rights hereunder,
respectively; but no such waiver shall extend to any subsequent or other default
or impair any right consequent thereon.

       

      SECTION
6.07  UNDERTAKING TO PAY COSTS.

       

      All
parties to this Indenture agree, and each Holder of any Securities by such
Holder’s acceptance thereof shall be deemed to have agreed, that any court may
in its discretion require, in any suit for the enforcement of any right or
remedy under this Indenture, or in any suit against the Trustee for any action
taken or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in such suit, having due regard to the merits and
good faith of the claims or defenses made by such party litigant; but the
provisions of this Section shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Securityholder, or group of
Securityholders, holding more than 10% in aggregate principal amount of the
Outstanding Securities of any series, or to any suit instituted by any
Securityholder for the enforcement of the payment of the principal of (or
premium, if any) or interest on any Security of such series, on or after the
respective due dates expressed in such Security or established pursuant to this
Indenture.

       

      ARTICLE
VII

      CONCERNING
THE TRUSTEE

       

      SECTION
7.01  CERTAIN DUTIES AND RESPONSIBILITIES OF TRUSTEE.

       

      (a) 
The Trustee, prior to the occurrence of an Event of Default with respect to the
Securities of a series and after the curing of all Events of Default with
respect to the Securities of that series that may have occurred, shall undertake
to perform with respect to the Securities of such series such duties and only
such duties as are specifically set forth in this Indenture, and no implied
covenants shall be read into this Indenture against the Trustee. In case an
Event of Default with respect to the Securities of a series has occurred (that
has not been cured or waived), the Trustee shall exercise with respect to
Securities of that series such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his
own affairs.

       

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

      

       

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

       

      (i)         prior
to the occurrence of an Event of Default with respect to the Securities of a
series and after the curing or waiving of all such Events of Default with
respect to that series that may have occurred:  the duties and
obligations of the Trustee shall with respect to the Securities of such series
be determined solely by the express provisions of this Indenture, and the
Trustee shall not be liable with respect to the Securities of such series except
for the performance of such duties and obligations as are specifically set forth
in this Indenture, and no implied covenants or obligations shall be read into
this Indenture against the Trustee; and in the absence of bad faith on the part
of the Trustee, the Trustee may with respect to the Securities of such series
conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this Indenture; but in the case of
any such certificates or opinions that by any provision hereof are specifically
required to be furnished to the Trustee, the Trustee shall be under a duty to
examine the same to determine whether or not they conform to the requirement of
this Indenture;

       

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

       

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

       

      (iv)         this
Subsection shall not be construed to limit the effect of Subsection (c) of this
Section 7.01.

       

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

       

      (d) 
The Trustee shall not be deemed to have notice of or be charged with having
knowledge of any Default or Event of Default with respect to any series of
Securities, except Events of Default under Section 6.01(a)(1) or (a)(2), if and
so long as it is acting as paying agent with respect to the Securities of such
series, unless written notice of such Default Event or Event of Default, as the
case may be, is received by the Trustee at the Corporate Trust Office of the
Trustee from the Company or any Holder of Securities of such series, and such
notice references the Securities and this Indenture.

       

      (e) 
Whether or not expressly so provided, every provision of this Indenture relating
to the conduct or affecting the liability of or affording protection to the
Trustee shall be subject to the provisions of this Section 7.01.

       

      SECTION
7.02  NOTICE OF DEFAULTS.

       

      If a
Default occurs hereunder with respect to Securities of any series and is known
to a Responsible Officer of the Trustee, the Trustee shall give the Holders of
Securities of such series notice of such Default as and to the extent provided
by the Trust Indenture Act; provided, however, that in the case of any Default
of the character specified in clause (3) of Section 6.01(a) with respect to
Securities of such series, no such notice to Holders shall be given until at
least 30 days after the occurrence thereof.

       

      SECTION
7.03  CERTAIN RIGHTS OF TRUSTEE.

       

      Except as
otherwise provided in Section 7.01:

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

      

       

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

       

      (b) 
Any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by a Board Resolution or an instrument signed in the name
of the Company, by the President or any Vice President and by the Secretary or
an Assistant Secretary or the Treasurer or an Assistant Treasurer thereof
(unless other evidence in respect thereof is specifically prescribed
herein);

       

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

       

      (d) 
The Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the
Securityholders, pursuant to the provisions of this Indenture, unless such
Securityholders shall have offered to the Trustee reasonable security or
indemnity against the costs, expenses and liabilities that may be incurred
therein or thereby; nothing contained herein shall, however, relieve the Trustee
of the obligation, upon the occurrence of an Event of Default with respect to a
series of the Securities (that has not been cured or waived) to exercise with
respect to Securities of that series such of the rights and powers vested in it
by this Indenture, and to use the same degree of care and skill in their
exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs;

       

      (e) 
The Trustee shall not be liable for any action taken or omitted to be taken by
it in good faith and believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Indenture;

       

      (f) 
The Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond, security, or other
papers or documents; and

       

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

       

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

       

      (i) 
the rights, privileges, protections, immunities and benefits given to the
Trustee, including, without limitation, its right to be indemnified, are
extended to, and shall be enforceable by, the Trustee in each of its capacities
hereunder, and each agent, custodian and other Person employed to act
hereunder;

       

      (j) 
the Trustee may request that the Company deliver an Officers’ Certificate
setting forth the names of individuals and/or titles of officers authorized at
such time to take specified actions pursuant to this Indenture;

       

      (k) 
the permissive right of the Trustee to take or refrain from taking any actions
enumerated in this Indenture shall not be construed as a duty;

       

      (l) 
anything in this Indenture notwithstanding, in no event shall the Trustee be
liable for special, indirect, punitive or consequential loss or damage of any
kind whatsoever (including but not limited to loss of profit), even if the
Company or Guarantor has been advised as to the likelihood of such loss or
damage and regardless of the form of action;

       

      (m) 
the Trustee shall not be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused,
directly or indirectly, by circumstances beyond its reasonable control,
including, without limitation, acts of God; earthquakes; fire; flood; terrorism;
wars and other military disturbances; sabotage; epidemics; riots; interruptions;
loss or malfunctions of utilities, computer (hardware or software) or
communication services; accidents; labor disputes; acts of civil or military
authority and governmental action.

      
        
           

        

        
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      SECTION
7.04  TRUSTEE NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OR
SECURITIES.

       

      (a) 
The recitals contained herein and in the Securities shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for the
correctness of the same.

       

      (b) 
The Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Securities.

       

      (c) 
The Trustee shall not be accountable for the use or application by the Company
of any of the Securities or of the proceeds of such Securities, or for the use
or application of any moneys or property paid over by the Trustee in accordance
with any provision of this Indenture or established pursuant to Section 2.01, or
for the use or application of any moneys or property received by any paying
agent other than the Trustee.

       

      SECTION
7.05  MAY HOLD SECURITIES.

       

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

       

      SECTION
7.06  MONEYS HELD IN TRUST.

       

      Subject
to the provisions of Section 11.05, all moneys or property received by the
Trustee shall, until used or applied as herein provided, be held in trust for
the purposes for which they were received, but need not be segregated from other
funds except to the extent required by law. The Trustee shall be under no
liability for interest on any moneys or property received by it hereunder except
such as it may agree with the Company to pay thereon.

       

      SECTION
7.07  COMPENSATION AND REIMBURSEMENT.

       

      (a) 
The Company covenants and agrees to pay to the Trustee, and the Trustee shall be
entitled to, such reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an express
trust), as the Company, and the Trustee may from time to time agree in writing,
for all services rendered by it in the execution of the trusts hereby created
and in the exercise and performance of any of the powers and duties hereunder of
the Trustee, and, except as otherwise expressly provided herein, the Company
will pay or reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
any of the provisions of this Indenture (including the reasonable compensation
and the expenses and disbursements of its counsel and of all Persons not
regularly in its employ) except any such expense, disbursement or advance as may
arise from its gross negligence or willful misconduct.  The Company
also covenants to indemnify the Trustee (and its officers, agents, directors and
employees) for, and to hold it harmless against, any loss, damage, claims
liability or expense incurred without gross negligence or willful misconduct on
the part of the Trustee and arising out of or in connection with the acceptance
or administration of this trust, including the costs and expenses of defending
itself against any claim whether asserted by the Company, any Securityholder or
any other Person or liability including the compensation and expense of counsel
in connection with the exercise or performance of any of its powers or duties
hereunder.

       

      (b) 
The obligations of the Company under this Section to compensate and indemnify
the Trustee and to pay or reimburse the Trustee for expenses, disbursements and
advances shall constitute additional indebtedness hereunder.  Such
additional indebtedness shall be secured by a lien prior to that of the
Securities upon all property and funds held or collected by the Trustee as such,
except funds held in trust for the benefit of the Holders of particular
Securities.

       

      (c) 
To the extent permitted by law, any compensation due or expense incurred by the
Trustee after a default specified in or pursuant to Section 6.01 is intended to
constitute an expense of administration under any then applicable bankruptcy or
insolvency law.  “Trustee” for purposes of this Section 7.07 shall
include any predecessor Trustee but the negligence or bad faith of any Trustee
shall not affect the rights of any other Trustee under this Section
7.07.

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

       

      (d) 
The provisions of this Section 7.07 shall survive the satisfaction and discharge
of this Indenture, the termination of this Indenture for any reason, or the
earlier resignation or removal of the Trustee and shall apply with equal force
and effect to the Trustee in its capacity as Authenticating Agent, Security
Registrar or paying agent.

       

      SECTION
7.08  RELIANCE ON OFFICERS’ CERTIFICATE.

       

      Except as
otherwise provided in Section 7.01, whenever in the administration of the
provisions of this Indenture the Trustee shall deem it necessary or desirable
that a matter be proved or established prior to taking or suffering or omitting
to take any action hereunder, such matter (unless other evidence in respect
thereof be herein specifically prescribed) may, in the absence of negligence or
bad faith on the part of the Trustee, be deemed to be conclusively proved and
established by an Officers’ Certificate delivered to the Trustee and such
certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warranty to the Trustee for any action taken, suffered or
omitted to be taken by it under the provisions of this Indenture upon the faith
thereof.

       

      SECTION
7.09  DISQUALIFICATION; CONFLICTING INTERESTS.

       

      If the
Trustee has or shall acquire any “conflicting interest” within the meaning of
Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in
all respects comply with the provisions of Section 310(b) of the Trust Indenture
Act, subject to the penultimate paragraph thereof. For purposes of Section
310(b)(i) of the Trust Indenture Act and to the extent permitted thereby, the
Trustee, in its capacity as trustee in respect of the Securities of any series,
shall not be deemed to have a conflicting interest arising from its capacity as
trustee in respect of the Securities of any other series.

       

      SECTION
7.10  CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.

       

      There
shall at all times be a Trustee with respect to the Securities issued hereunder
which shall at all times be a corporation organized and doing business under the
laws of the United States of America or any State or Territory thereof or of the
District of Columbia, or a corporation or other Person permitted to act as
trustee by the Commission, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least fifty million
U.S. dollars ($50,000,000), and subject to supervision or examination by
federal, state, territorial, or District of Columbia authority.  If
such corporation publishes reports of condition at least annually, pursuant to
law or to the requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published.  The Company may
not, nor may any Person directly or indirectly controlling, controlled by, or
under common control with the Company, serve as Trustee.  In case at
any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, the Trustee shall resign immediately in the manner
and with the effect specified in Section 7.11.

       

      SECTION
7.11  RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

       

      (a) 
The Trustee or any successor hereafter appointed, may at any time resign with
respect to the Securities of one or more series by giving written notice thereof
to the Company and by transmitting notice of resignation by mail, first class
postage prepaid, to the Securityholders of such series, as their names and
addresses appear upon the Security Register.  Upon receiving such
notice of resignation, the Company shall promptly appoint a successor trustee
with respect to Securities of such series by written instrument, in duplicate,
executed by order of the Board of Directors, one copy of which instrument shall
be delivered to the resigning Trustee and one copy to the successor
trustee.  If no successor trustee shall have been so appointed and
have accepted appointment within 30 days after the mailing of such notice of
resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor trustee with respect to
Securities of such series, or any Securityholder of that series who has been a
bona fide Holder of a Security or Securities for at least six months may on
behalf of himself and all others similarly situated, petition any such court for
the appointment of a successor trustee.  Such court may thereupon
after such notice, if any, as it may deem proper and prescribe, appoint a
successor trustee.

       

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

      
        
           

        

        
          24

          
            

          

        

        
           

        

      

      

       

      (i)         the
Trustee shall fail to comply with the provisions of Section 7.09 after written
request therefor by the Company or by any Securityholder who has been a bona
fide Holder of a Security or Securities for at least six months; or

       

      (ii)        the
Trustee shall cease to be eligible in accordance with the provisions of Section
7.10 and shall fail to resign after written request therefor by the Company or
by any such Securityholder; or

       

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

       

      then, in
any such case, the Company may remove the Trustee with respect to all Securities
and appoint a successor trustee by written instrument, in duplicate, executed by
order of the Board of Directors, one copy of which instrument shall be delivered
to the Trustee so removed and one copy to the successor trustee, or, unless, in
the case of a failure to comply with Section 7.09, the Trustee’s duty to resign
is stayed as provided in the penultimate paragraph of Section 310(b) of the
Trust Indenture Act, any Securityholder who has been a bona fide Holder of a
Security or Securities for at least six months may, on behalf of that Holder and
all others similarly situated, petition any court of competent jurisdiction for
the removal of the Trustee and the appointment of a successor
trustee.  Such court may thereupon after such notice, if any, as it
may deem proper and prescribe, remove the Trustee and appoint a successor
trustee.

       

      (c) 
The Holders of a majority in aggregate principal amount of the Securities of any
series at the time Outstanding may at any time remove the Trustee with respect
to such series by so notifying the Trustee and the Company and may appoint a
successor Trustee for such series with the consent of the Company.

       

      (d) 
Any resignation or removal of the Trustee and appointment of a successor trustee
with respect to the Securities of a series pursuant to any of the provisions of
this Section shall become effective upon acceptance of appointment by the
successor trustee as provided in Section 7.12.

       

      (e) 
Any successor trustee appointed pursuant to this Section may be appointed with
respect to the Securities of one or more series or all of such series, and at
any time there shall be only one Trustee with respect to the Securities of any
particular series.

       

      SECTION
7.12  ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.

       

      (a) 
In case of the appointment hereunder of a successor trustee with respect to all
Securities, every such successor trustee so appointed shall execute, acknowledge
and deliver to the Company and to the retiring Trustee an instrument accepting
such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective and such successor trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee; but, on the request of the Company or the
successor trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor trustee all the
rights, powers, and trusts of the retiring Trustee and shall duly assign,
transfer and deliver to such successor trustee all property and money held by
such retiring Trustee hereunder, subject nevertheless to the lien provided for
in Section 7.07.

       

      (b) 
In case of the appointment hereunder of a successor trustee with respect to the
Securities of one or more (but not all) series, the Company, the retiring
Trustee and each successor trustee with respect to the Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each
successor trustee shall accept such appointment and which

       

      (i)         shall
contain such provisions as shall be necessary or desirable to transfer and
confirm to, and to vest in, each successor trustee all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that
or those series to which the appointment of such successor trustee
relates,

       

      (ii)         shall
contain such provisions as shall be deemed necessary or desirable to confirm
that all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series as to which the retiring
Trustee is not retiring shall continue to be vested in the retiring Trustee,
and

      
        
           

        

        
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      (iii)         shall
add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same
trust, that each such Trustee shall be trustee of a trust or trusts hereunder
separate and apart from any trust or trusts hereunder administered by any other
such Trustee and that no Trustee shall be responsible for any act or failure to
act on the part of any other Trustee hereunder; and upon the execution and
delivery of such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein, such
retiring Trustee shall with respect to the Securities of that or those series to
which the appointment of such successor trustee relates have no further
responsibility for the exercise of rights and powers or for the performance of
the duties and obligations vested in the Trustee under this Indenture, and each
such successor trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the
appointment of such successor trustee relates; but, on request of the Company or
any successor trustee, such retiring Trustee shall duly assign, transfer and
deliver to such successor trustee, to the extent contemplated by such
supplemental indenture, the property and money held by such retiring Trustee
hereunder with respect to the Securities of that or those series to which the
appointment of such successor trustee relates, subject nevertheless to the lien
provided for in Section 7.07.

       

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

       

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

       

      (e) 
Upon acceptance of appointment by a successor trustee as provided in this
Section, the Company shall transmit notice of the succession of such trustee
hereunder by mail, first class postage prepaid, to the Securityholders, as their
names and addresses appear upon the Security Register.  If the Company
fails to transmit such notice within ten days after acceptance of appointment by
the successor trustee, the successor trustee shall cause such notice to be
transmitted at the expense of the Company.

       

      SECTION
7.13  MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO
BUSINESS.

       

      Any
Person into which the Trustee may be merged or converted or with which it may be
consolidated, or any Person resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any Person succeeding to
all or substantially all of the corporate trust business of the Trustee, shall
be the successor of the Trustee hereunder, provided that such Person shall be
qualified under the provisions of Section 7.09 and eligible under the provisions
of Section 7.10, without the execution or filing of any paper or any further act
on the part of any of the parties hereto, anything herein to the contrary
notwithstanding.  In case any Securities shall have been
authenticated, but not delivered, by the Trustee then in office, any successor
by merger, conversion or consolidation to such authenticating Trustee may adopt
such authentication and deliver the Securities so authenticated with the same
effect as if such successor Trustee had itself authenticated such
Securities.

       

      SECTION
7.14  PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE
COMPANY.

       

      The
Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding
any creditor relationship described in Section 311(b) of the Trust Indenture
Act.  A Trustee who has resigned or been removed shall be subject to
Section 311(a) of the Trust Indenture Act to the extent included
therein.

       

      
        
          
          

        

        
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      ARTICLE
VIII

      CONCERNING
THE SECURITYHOLDERS

       

      SECTION
8.01  EVIDENCE OF ACTION BY SECURITYHOLDERS. 

       

      Whenever
in this Indenture it is provided that the Holders of a majority or specified
percentage in aggregate principal amount of the Securities of a particular
series may take any action (including the making of any demand or request, the
giving of any notice, consent or waiver or the taking of any other action), the
fact that at the time of taking any such action the Holders of such majority or
specified percentage of that series have joined therein may be evidenced by any
instrument or any number of instruments of similar tenor executed by such
Holders of Securities of that series in Person or by agent or proxy appointed in
writing.  If the Company shall solicit from the Securityholders of any
series any request, demand, authorization, direction, notice, consent, waiver or
other action, the Company may, at its option, as evidenced by an Officers’
Certificate, fix in advance a record date for such series for the determination
of Securityholders entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other action, but the Company shall have
no obligation to do so.  If such a record date is fixed, such request,
demand, authorization, direction, notice, consent, waiver or other action may be
given before or after the record date, but only the Securityholders of record at
the close of business on the record date shall be deemed to be Securityholders
for the purposes of determining whether Securityholders of the requisite
proportion of Outstanding Securities of that series have authorized or agreed or
consented to such request, demand, authorization, direction, notice, consent,
waiver or other action, and for that purpose the Outstanding Securities of that
series shall be computed as of the record date; provided, however, that no such
authorization, agreement or consent by such Securityholders on the record date
shall be deemed effective unless it shall become effective pursuant to the
provisions of this Indenture not later than six months after the record
date.

       

      SECTION
8.02  PROOF OF EXECUTION BY SECURITYHOLDERS.

       

      Subject
to the provisions of Section 7.01, proof of the execution of any instrument by a
Securityholder (such proof will not require notarization) or his agent or proxy
and proof of the holding by any Person of any of the Securities shall be
sufficient if made in the following manner:

       

      (a) 
The fact and date of the execution by any such Person of any instrument may be
proved in any reasonable manner acceptable to the Trustee.

       

      (b) 
The ownership of Securities shall be proved by the Security Register of such
Securities or by a certificate of the Security Registrar thereof.

       

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

       

      SECTION
8.03  WHO MAY BE DEEMED OWNERS.

       

      Prior to
the due presentment for registration of transfer of any Security, the Company,
the Trustee, any paying agent and any Security Registrar may deem and treat the
Person in whose name such Security shall be registered upon the books of the
Company as the absolute owner of such Security (whether or not such Security
shall be overdue and notwithstanding any notice of ownership or writing thereon
made by anyone other than the Security Registrar) for the purpose of receiving
payment of or on account of the principal of (and premium, if any) and (subject
to Section 2.03) interest on such Security and for all other purposes; and
neither the Company nor the Trustee nor any paying agent nor any Security
Registrar shall be affected by any notice to the contrary.

       

      SECTION
8.04  CERTAIN SECURITIES OWNED BY COMPANY DISREGARDED.

       

      In
determining whether the Holders of the requisite aggregate principal amount of
Securities of a particular series have concurred in any direction, consent or
waiver under this Indenture, the Securities of that series that are owned by the
Company or any other obligor on the Securities of that series or by any Person
directly or indirectly controlling or controlled by or under common control with
the Company or any other obligor on the Securities of that series shall be
disregarded and deemed not to be Outstanding for the purpose of any such
determination, except that for the purpose of determining whether the Trustee
shall be protected in relying on any such direction, consent or waiver, only
Securities of such series that a Responsible Officer of the Trustee actually
knows are so owned shall be so disregarded.  The Securities so owned
that have been pledged in good faith may be regarded as Outstanding for the
purposes of this Section, if the pledgee shall establish to the satisfaction of
the Trustee the pledgee’s right so to act with respect to such Securities and
that the pledgee is not a Person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Company or any
such other obligor.  In case of a dispute as to such right, any
decision by the Trustee taken upon the advice of counsel shall be full
protection to the Trustee.

      
        
           

        

        
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      SECTION
8.05  ACTIONS BINDING ON FUTURE SECURITYHOLDERS.

       

      At any
time prior to (but not after) the evidencing to the Trustee, as provided in
Section 8.01, of the taking of any action by the Holders of the majority or
percentage in aggregate principal amount of the Securities of a particular
series specified in this Indenture in connection with such action, any Holder of
a Security of that series that is shown by the evidence to be included in the
Securities the Holders of which have consented to such action may, by filing
written notice with the Trustee, and upon proof of holding as provided in
Section 8.02, revoke such action so far as concerns such
Security.  Except as aforesaid any such action taken by the Holder of
any Security shall be conclusive and binding upon such Holder and upon all
future Holders and owners of such Security, and of any Security issued in
exchange therefor, on registration of transfer thereof or in place thereof,
irrespective of whether or not any notation in regard thereto is made upon such
Security.  Any action taken by the Holders of the majority or
percentage in aggregate principal amount of the Securities of a particular
series specified in this Indenture in connection with such action shall be
conclusively binding upon the Company, the Trustee and the Holders of all the
Securities of that series.

       

      ARTICLE
IX

      SUPPLEMENTAL
INDENTURES

       

      SECTION
9.01  SUPPLEMENTAL INDENTURES WITHOUT THE CONSENT OF
SECURITYHOLDERS.

       

      In
addition to any supplemental indenture otherwise authorized by this Indenture,
the Company and the Trustee may from time to time and at any time enter into an
indenture or indentures supplemental hereto (which shall conform to the
provisions of the Trust Indenture Act as then in effect), without the consent of
the Securityholders, for one or more of the following purposes:

       

      (1)         to
cure any ambiguity, defect, or inconsistency herein, in the Securities of any
series;

       

      (2)         to
comply with Article X;

       

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

       

      (4)         to
add to the covenants of the Company for the benefit of the Holders of all or any
series of Securities (and if such covenants are to be for the benefit of less
than all series of Securities, stating that such covenants are expressly being
included solely for the benefit of such series) or to surrender any right or
power herein conferred upon the Company or to add any additional Events of
Default for the benefit of the Holders of all or any series of Securities (and
if such additional Events of Default are to be for the benefit of less than all
series of Securities, stating that such additional Events of Default are
expressly being included solely for the benefit of such series);

       

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

       

      (6)         to
make any change that does not adversely affect the rights of any Securityholder
in any material respect;

       

      (7)         to
provide for the issuance of and establish the form and terms and conditions of
the Securities of any series as provided in Section 2.01, to establish the form
of any certifications required to be furnished pursuant to the terms of this
Indenture or any series of Securities, or to add to the rights of the Holders of
any series of Securities; or

       

      (8)         to
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series and to add to or
change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 7.12.

       

      
        
           

        

        
          28

          
            

          

        

        
           

        

      

      The
Trustee is hereby authorized to join with the Company in the execution of any
such supplemental 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 any such supplemental indenture that affects the
Trustee’s own rights, duties or immunities under this Indenture or
otherwise.

       

      Any
supplemental indenture authorized by the provisions of this Section may be
executed by the Company and the Trustee without the consent of the Holders of
any of the Securities at the time Outstanding, notwithstanding any of the
provisions of Section 9.02.

       

      SECTION
9.02  SUPPLEMENTAL INDENTURES WITH CONSENT OF
SECURITYHOLDERS.

       

      With the
consent (evidenced as provided in Section 8.01) of the Holders of not less than
a majority in aggregate principal amount of the Securities of each series
affected by such supplemental indenture or indentures at the time Outstanding,
the Company, when authorized by a Board Resolution, and the Trustee may from
time to time and at any time enter into an indenture or indentures supplemental
hereto (which shall conform to the provisions of the Trust Indenture Act as then
in effect) for the purpose of adding any provisions to or changing in any manner
or eliminating any of the provisions of this Indenture or of any supplemental
indenture or of modifying in any manner not covered by Section 9.01 the rights
of the Holders of the Securities of such series under this Indenture; provided,
however, that no such supplemental indenture shall, without the consent of the
Holders of each Security then Outstanding and affected thereby:

       

      (1)         change
the maturity of the principal of, or any installment of principal of or interest
on, any Security, or reduce the principal amount thereof or the rate of interest
thereon or any premium payable upon the redemption thereof, or reduce the amount
of the principal of an Original Issue Discount Security or any other Security
which would be due and payable upon a declaration of acceleration of the
maturity thereof pursuant to Section 6.01 or change the coin or currency in
which any Security or any premium or interest thereon is payable, or impair the
right to institute suit for the enforcement of any such payment on or after the
maturity thereof (or, in the case of redemption, on or after the redemption
date), or

       

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

       

      (3)         modify
any of the provisions of this Section or Section 6.06 relating to waivers of
default, except to increase any such percentage or to provide that certain other
provisions of this Indenture cannot be modified or waived without the consent of
the Holder of each Outstanding Security affected thereby; provided, however,
that this clause shall not be deemed to require the consent of any Holder with
respect to changes in the references to “the Trustee” and concomitant changes in
this Section, or the deletion of this proviso, in accordance with the
requirements of Sections 7.12 and 9.01(8).

       

      A
supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which has expressly been included solely for the
benefit of one or more particular series of Securities, or which modifies the
rights of the Holders of Securities of such series with respect to such covenant
or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series.  It shall
not be necessary for the consent of the Securityholders of any series affected
thereby under this Section to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such consent shall approve
the substance thereof.

       

      SECTION
9.03  EFFECT OF SUPPLEMENTAL INDENTURES.

       

      Upon the
execution of any supplemental indenture pursuant to the provisions of this
Article or of Section 10.01, this Indenture shall, with respect to such series,
be and be deemed to be modified and amended in accordance therewith and the
respective rights, limitations of rights, obligations, duties and immunities
under this Indenture of the Trustee, the Company and the Holders of Securities
of the series affected thereby shall thereafter be determined, exercised and
enforced hereunder subject in all respects to such modifications and amendments,
and all the terms and conditions of any such supplemental indenture shall be and
be deemed to be part of the terms and conditions of this Indenture for any and
all purposes.

       

      
        
           

        

        
          29

          
            

          

        

        
           

        

      

      
        SECTION
9.04  SECURITIES AFFECTED BY SUPPLEMENTAL INDENTURES.

         

      

      Securities
of any series, affected by a supplemental indenture, authenticated and delivered
after the execution of such supplemental indenture pursuant to the provisions of
this Article or of Section 10.01, may bear a notation in form approved by the
Company, provided such form meets the requirements of any exchange upon which
such series may be listed, as to any matter provided for in such supplemental
indenture.  If the Company shall so determine, new Securities of that
series so modified as to conform, in the opinion of the Board of Directors of
the Company, to any modification of this Indenture contained in any such
supplemental indenture may be prepared by the Company, authenticated by the
Trustee and delivered in exchange for the Securities of that series then
Outstanding.

       

      SECTION
9.05  EXECUTION OF SUPPLEMENTAL INDENTURES.

       

      Upon the
request of the Company, accompanied by its Board Resolutions authorizing the
execution of any supplemental indenture, and upon the filing with the Trustee of
evidence of any requisite consents of Securityholders required to consent
thereto as aforesaid, the Trustee shall join with the Company in the execution
of such supplemental indenture unless such supplemental indenture affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in
which case the Trustee may in its discretion but shall not be obligated to enter
into such supplemental indenture. The Trustee, subject to the provisions of
Section 7.01, shall be entitled to receive an Opinion of Counsel as conclusive
evidence that any supplemental indenture executed pursuant to this Article is
authorized or permitted by, and conforms to, the terms of this Article and that
it is proper for the Trustee under the provisions of this Article to join in the
execution thereof.

       

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

       

      ARTICLE
X

      SUCCESSOR
ENTITY

       

      SECTION
10.01  COMPANY MAY CONSOLIDATE, ETC.

       

      Nothing
contained in this Indenture or in any of the Securities shall prevent any
consolidation or merger of the Company with or into any other Person (whether or
not affiliated with the Company) or successive consolidations or mergers in
which the Company or its successor or successors shall be a party or parties, or
shall prevent any sale, conveyance, transfer or other disposition of the
property of the Company or its successor or successors as an entirety, or
substantially as an entirety, to any other Person (whether or not affiliated
with the Company or its successor or successors) authorized to acquire and
operate the same; provided, however, the Company hereby covenants and agrees
that, upon any such consolidation or merger (in each case, if the Company is not
the survivor of such transaction), sale, conveyance, transfer or other
disposition, the due and punctual payment of the principal of (and premium, if
any) and interest on all of the Securities of all series in accordance with the
terms of each series, according to their tenor and the due and punctual
performance and observance of all the covenants and conditions of this Indenture
or established with respect to each series of Securities pursuant to Section
2.01 to be kept or performed by the Company shall be expressly assumed, by
supplemental indenture (which shall conform to the provisions of the Trust
Indenture Act, as then in effect) satisfactory in form to the Trustee executed
and delivered to the Trustee by the entity formed by such consolidation, or into
which the Company shall have been merged, or by the entity which shall have
acquired such property.

       

      SECTION
10.02  SUCCESSOR ENTITY SUBSTITUTED.

       

      (a) 
In case of any such consolidation, merger, sale, conveyance, transfer or other
disposition and upon the assumption by any successor entity by supplemental
indenture, executed and delivered to the Trustee of the due and punctual payment
of the principal of (and premium, if any) and interest on all of the Securities
of all series Outstanding and the due and punctual performance of all of the
covenants and conditions of this Indenture or established with respect to each
series of the Securities pursuant to Section 2.01 to be performed by the
Company, such successor entity shall succeed to and be substituted for the
Company with the same effect as if it had been named as the Company herein, and
thereupon the predecessor corporation, except in the case of a lease, shall be
relieved of all obligations and covenants under this Indenture and the
Securities.

       

      
        
           

        

        
          30

          
            

          

        

        
           

        

      

       

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

       

      (c) 
Nothing contained in this Article shall require any action by the Company in the
case of a consolidation or merger of any Person into the Company where the
Company is the survivor of such transaction, or the acquisition by the Company,
by purchase or otherwise, of all or any part of the property of any other Person
(whether or not affiliated with the Company).

       

      SECTION
10.03  EVIDENCE OF CONSOLIDATION, ETC. TO TRUSTEE.

       

      The
Trustee, subject to the provisions of Section 7.01, shall be entitled to receive
an Opinion of Counsel and an Officers’ Certificate as conclusive evidence that
any such consolidation, merger, sale, conveyance, transfer or other disposition,
and any such assumption, comply with the provisions of this
Article.

       

      ARTICLE
XI

      SATISFACTION
AND DISCHARGE; DEFEASANCE

       

      SECTION
11.01  SATISFACTION AND DISCHARGE.

       

      This
Indenture will be discharged and will cease to be of further effect with respect
to a series of Securities (except as to any surviving rights of registration of
transfer or exchange of such series of Securities herein expressly provided
for), and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture with
respect to such series, when:

       

      (1)         either
(A) all Securities of that series theretofore authenticated and delivered (other
than (i) any Securities that shall have been destroyed, lost or stolen and that
shall have been replaced or paid as provided in Section 2.07 and (ii) Securities
for whose payment money or noncallable Governmental Obligations or other
property have theretofore been deposited in trust or segregated and held in
trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 11.05) have been delivered to the Trustee for
cancellation; or (B) all Securities of such series not theretofore delivered to
the Trustee for cancellation (i) have become due and payable, or (ii) will by
their terms become due and payable 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, and the Company (a) shall deposit or
cause to be deposited with the Trustee as trust funds in trust for the purpose
(I) moneys in an amount, or (II) noncallable Governmental Obligations the
scheduled principal of and interest on which in accordance with their terms will
provide, not later than the due date of any payment, money in an amount, or
(III) a combination thereof, or (b) if such Securities are payable otherwise
than in cash pursuant to Section 2.1(a)(19), the Company shall have made such
other arrangements as are satisfactory to the Trustee for payment in property
other than cash, sufficient, in the case of (a)(II) or (a)(III) or (b), in the
opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, to pay
and discharge, at maturity or upon redemption, all Securities of that series not
theretofore delivered to the Trustee for cancellation, including principal (and
premium, if any) and interest due or to become due to such date of maturity or
date fixed for redemption, as the case may be;

       

      (2)         the
Company has paid or caused to be paid all other sums or property payable
hereunder with respect to such series by the Company; and

       

      (3)         the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all the conditions precedent herein provided for
relating to the satisfaction and discharge of this Indenture with respect to
such series of Securities have been complied with. Notwithstanding the
satisfaction and discharge of this Indenture with respect to a series of
Securities, the obligations of the Trustee under Section 7.07 and, if money or
other property shall have been deposited with the Trustee pursuant to subclause
(B) of clause (1) of this Section, the obligations of the Trustee under Sections
11.03 and 11.05 shall survive.

       

      
        
           

        

        
          31

          
            

          

        

        
           

        

      

      

       

      SECTION
11.02  DEFEASANCE.

       

      The
Company may, at its option and at any time (including notwithstanding the
exercise by the Company of a Covenant Defeasance (as defined herein)), elect to
have its obligations discharged with respect to a series of the Securities
(“Legal Defeasance”).  Such Legal Defeasance means that the Company
shall be deemed to have paid and discharged the entire indebtedness represented
by such series of Securities, except for (a) the rights of Holders to receive
payments in respect of the principal of (and premium, if any) and interest on
the Securities when such payments are due solely from the trust fund described
in this Section, (b) the Company’s obligations with respect to such series of
Securities concerning issuing temporary Securities, registration of transfer or
exchange of such series of Securities, mutilated, destroyed, lost or stolen
Securities of such series and the maintenance of an office or agency for
payments, (c) the rights, powers, trust, duties and immunities of the Trustee
and the Company’s obligations in connection therewith and (d) the Legal
Defeasance provisions of this Indenture.  In addition, the Company
may, at its option and at any time, elect to have the obligations of the Company
released with respect to covenants provided with respect to such series of
Securities under Section 2.01(15), 9.01(4) and 9.01(7) of this Indenture
(“Covenant Defeasance”) and thereafter any omission to comply with such
obligations shall not constitute a Default or Event of Default with respect to
such series of Securities.  In the event of Covenant Defeasance, those
events described under Section 6.01(a) with respect to the foregoing covenants
will no longer constitute an Event of Default with respect to such series of
Securities.

       

      In order
to exercise either Legal Defeasance or Covenant Defeasance:

       

      (1)         the
Company must (A) irrevocably deposit with the Trustee, in trust, for the benefit
of the Holders of such series, (i) moneys in an amount, or (ii) noncallable
Governmental Obligations the scheduled principal of and interest on which in
accordance with their terms will provide, not later than the due date of any
payment, money in an amount, or (iii) a combination thereof, or (B) if such
Securities are payable otherwise than in cash pursuant to Section 2.01(a)(19),
make other arrangements satisfactory to the Trustee for the payment in property
other than cash, sufficient, in the case of (A)(ii) or (A)(iii) or (B), in the
opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, to pay
and discharge, at maturity or upon redemption, the principal of (and premium, if
any) and interest on such series of Securities on the stated date for payment
thereof or on the applicable redemption date, as the case may be;

       

      (2)         in
the case of Legal Defeasance, the Company shall have delivered to the Trustee an
Opinion of Counsel confirming that (A) the Company has received from, or there
has been published by, the Internal Revenue Service a ruling or (B) since the
date of this Indenture, 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 such series of Securities 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 Company shall have delivered to the Trustee
an Opinion of Counsel confirming that the Holders of such series of Securities
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 on the date of
such deposit or insofar as Events of Default under clauses (4) and (5) of
Section 6.01(a) with respect to the Securities of such series are concerned, at
any time in the period ending on the 91st day after the date of
deposit;

       

      (5)         the
Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for or
relating to the Legal Defeasance or the Covenant Defeasance, as the case may be,
have been complied with; and

       

      (6)         if
such series of Securities are to be redeemed prior to final maturity (other than
from mandatory sinking fund payments or analogous payments), notice of such
redemption shall have been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee shall have been made.

       

      
        
           

        

        
          32

          
            

          

        

        
           

        

      

      

       

      SECTION
11.03  DEPOSITED MONEYS TO BE HELD IN TRUST.

       

      All
moneys or Governmental Obligations or other property deposited with the Trustee
pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be
available for payment as due, either directly or through any paying agent
(including the Company acting as its own paying agent), to the Holders of the
particular series of Securities for the payment or redemption of which such
moneys or Governmental Obligations or other property have been deposited with
the Trustee.

       

      SECTION
11.04  PAYMENT OF MONEYS HELD BY PAYING AGENTS.

       

      In
connection with the satisfaction and discharge of this Indenture all moneys or
Governmental Obligations or other property then held by any paying agent under
the provisions of this Indenture shall, upon demand of the Company, be paid to
the Trustee and thereupon such paying agent shall be released from all further
liability with respect to such moneys or Governmental Obligations or other
property.

       

      SECTION
11.05  REPAYMENT TO COMPANY.

       

      Any
moneys or Governmental Obligations or other property deposited with any paying
agent or the Trustee, or then held by the Company, in trust for payment of
principal of (or premium, if any) or interest on the Securities of a particular
series that are not applied but remain unclaimed by the Holders of such
Securities for at least two years after the date upon which the principal of
(and premium, if any) or interest on such Securities shall have respectively
become due and payable, shall be repaid to the Company on May 31 of each year or
(if then held by the Company) shall be discharged from such trust; and thereupon
the paying agent and the Trustee shall be released from all further liability
with respect to such moneys or Governmental Obligations or other property, and
the Holder of any of the Securities entitled to receive such payment shall
thereafter, as an unsecured general creditor, look only to the Company for the
payment thereof.

       

      ARTICLE
XII

      IMMUNITY
OF INCORPORATORS, STOCKHOLDERS,

      OFFICERS
AND DIRECTORS

       

      SECTION
12.01  NO RECOURSE.

       

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

       

      ARTICLE
XIII

      MISCELLANEOUS
PROVISIONS

       

      SECTION
13.01  EFFECT ON SUCCESSORS AND ASSIGNS.

       

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

      
        
           

        

        
          33

          
            

          

        

        
           

        

      

      
         

        SECTION
13.02  ACTIONS BY SUCCESSOR.

         

      

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

       

      SECTION
13.03  SURRENDER OF COMPANY POWERS.

       

      The
Company by instrument in writing executed by authority of its Board of Directors
and delivered to the Trustee may surrender any of the powers reserved to the
Company, and thereupon such power so surrendered shall terminate both as to the
Company and as to any successor corporation.

       

      SECTION
13.04  NOTICES.

       

      Except as
otherwise expressly provided herein, any notice or demand that by any provision
of this Indenture is required or permitted to be given or served by the Trustee
or by the Holders of Securities to or on the Company may be given or served by
being deposited first class postage prepaid in a post-office letterbox addressed
(until another address is filed in writing by the Company with the Trustee), as
follows:  9620 Medical Center Drive, Rockville, MD
20850.  Any notice, election, request or demand by the Company or any
Securityholder to or upon the Trustee shall be deemed to have been sufficiently
given or made, for all purposes, if given or made in writing at the Corporate
Trust Office of the Trustee.

       

      SECTION
13.05  GOVERNING LAW; WAIVER OF TRIAL BY JURY.

       

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

       

      EACH
PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION RELATING TO THE TRUSTEE DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
INDENTURE

       

      SECTION
13.06  TREATMENT OF SECURITIES AS DEBT.

       

      It is
intended that the Securities will be treated as indebtedness and not as equity
for federal income tax purposes.  The provisions of this Indenture
shall be interpreted to further this intention.

       

      SECTION
13.07  COMPLIANCE CERTIFICATES AND OPINIONS.

       

      (a) 
Upon any application or demand by the Company to the Trustee to take any action
under any of the provisions of this Indenture, the Company shall furnish to the
Trustee an Officers’ Certificate stating that all conditions precedent provided
for in this Indenture relating to the proposed action have been complied with
and an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent have been complied with, except that in the case of any
such application or demand as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such
particular application or demand, no additional certificate or opinion need be
furnished.

       

      (b) 
Each certificate or opinion provided for in this Indenture and delivered to the
Trustee with respect to compliance with a condition or covenant in this
Indenture shall include

       

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

       

      (ii)    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;

       

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

       

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

       

      
        
          
          

        

        
          34

          
            

          

        

        
          
          

        

      

       

      SECTION
13.08  PAYMENTS ON BUSINESS DAYS.

       

      Except as
provided pursuant to Section 2.01, by or pursuant to a Board Resolution, and as
set forth in an Officers’ Certificate or established in one or more indentures
supplemental to this Indenture, in any case where the date of maturity of
interest or principal of any Security or the date of redemption of any Security
shall not be a Business Day, then payment of interest or principal (and premium,
if any) may be made on the next succeeding Business Day with the same force and
effect as if made on the nominal date of maturity or redemption, and no interest
shall accrue for the period after such nominal date.

       

      SECTION
13.09  CONFLICT WITH TRUST INDENTURE ACT.

       

      If and to
the extent that any provision of this Indenture limits, qualifies or conflicts
with the duties imposed by Sections 310 to 317, inclusive, of the Trust
Indenture Act, such imposed duties shall control.  If any provision of
this Indenture modifies or excludes any provision of the Trust Indenture Act
which may be so modified or excluded, the latter provision shall be deemed to
apply to this Indenture as so modified or to be excluded, as the case may
be.

       

      SECTION
13.10  COUNTERPARTS.

       

      This
Indenture may be executed in any number of counterparts, each of which shall be
an original, but such counterparts shall together constitute but one and the
same instrument.

       

      SECTION
13.11  SEPARABILITY.

       

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

       

      SECTION
13.12  ASSIGNMENT.

       

      The
Company will have the right at all times to assign any of its rights or
obligations under this Indenture to a direct or indirect wholly-owned Subsidiary
of the Company, provided that, in the event of any such assignment, the Company,
will remain liable for all such obligations.  Subject to the
foregoing, the Indenture is binding upon and inures to the benefit of the
parties thereto and their respective successors and assigns.  This
Indenture may not otherwise be assigned by the parties thereto.

       

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

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 
      	
                                    FREDERICK’S OF HOLLYWOOD GROUP
      INC.

                                  
	 
      	 
      	 
      	 
	 
      	
                                    By:

                                  	 
      	 
	 
      	
                                    Name:

                                  	 
      	 
	 
      	
                                    Title:

                                  	 
      	 
	 
      	 
      	 
      	 
	 
      	
                                    _______________,
      as Trustee

                                  	 
	 
      	 
      	 
      	 
	 
      	
                                    By:

                                  	 
      	 
	 
      	
                                    Name:

                                  	 
      	 
	 
      	
                                    Title:

                                  	 
      	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          35EXHIBIT
4.5

    

    FREDERICK’S
OF HOLLYWOOD GROUP INC.,

    As
Issuer,

    

    AND

    

    _______________,

    As
Trustee

    

    INDENTURE

    

    DATED
AS OF [__________] [___], 20[__]

    

    SUBORDINATED
DEBT SECURITIES

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    CROSS-REFERENCE
TABLE (1)

    

    
      
        
          
            	
                    Section of Trust Indenture Act of 1939, as
      Amended

                  	 	
                    Indenture

                  
	
                    310(a)

                  	 	
                    7.10

                  
	
                    310(b)

                  	 	
                    7.09;
      7.11

                  
	
                    310(c)

                  	 	
                    Inapplicable

                  
	
                    311(a)

                  	 	
                    7.14

                  
	
                    311(b)

                  	 	
                    7.14

                  
	
                    311(c)

                  	 	
                    Inapplicable

                  
	
                    312(a)

                  	 	
                    5.02(a)

                  
	
                    312(b)

                  	 	
                    5.02(c)

                  
	
                    312(c)

                  	 	
                    Inapplicable

                  
	
                    313(a)

                  	 	
                    5.04(a)

                  
	
                    313(b)

                  	 	
                    5.04(b)

                  
	
                    313(c)

                  	 	
                    5.04(a);
      5.04(b)

                  
	
                    313(d)

                  	 	
                    5.04(c)

                  
	
                    314(a)

                  	 	
                    5.03;
      4.06

                  
	
                    314(b)

                  	 	
                    Inapplicable

                  
	
                    314(c)

                  	 	
                    13.07

                  
	
                    314(d)

                  	 	
                    Inapplicable

                  
	
                    314(e)

                  	 	
                    13.07

                  
	
                    314(f)

                  	 	
                    Inapplicable

                  
	
                    315(a)

                  	 	
                    7.01(a);
      7.03

                  
	
                    315(b)

                  	 	
                    7.02

                  
	
                    315(c)

                  	 	
                    7.01

                  
	
                    315(d)

                  	 	
                    7.01(b)

                  
	
                    315(e)

                  	 	
                    6.07;
      7.07

                  
	
                    316(a)

                  	 	
                    6.06;
      8.04

                  
	
                    316(b)

                  	 	
                    6.04

                  
	
                    316(c)

                  	 	
                    8.01

                  
	
                    317(a)

                  	 	
                    6.02

                  
	
                    317(b)

                  	 	
                    4.03

                  
	
                    318(a)

                  	 	
                    13.09

                  

          

        

      

    

    
       

      
        
(1)
This Cross-Reference Table does not constitute part of the Indenture and shall
not have any bearing on the interpretation of any of its terms or
provisions

    

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

    

    TABLE
OF CONTENTS (2)

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          	
                                                                                                  ARTICLE
      I   DEFINITIONS

                                                                                                	 
      	
                                                                                                  1

                                                                                                
	
                                                                                                  SECTION 1.01  DEFINITIONS OF
      TERMS.

                                                                                                	 
      	
                                                                                                  1

                                                                                                
	
                                                                                                  ARTICLE II   ISSUE, DESCRIPTION,
      TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF
      SECURITIES

                                                                                                	 
      	
                                                                                                  4

                                                                                                
	
                                                                                                  SECTION 2.01  DESIGNATION AND TERMS OF
      SECURITIES.

                                                                                                	 
      	
                                                                                                  4

                                                                                                
	
                                                                                                  SECTION 2.02  FORM OF SECURITIES AND
      TRUSTEE’S CERTIFICATE.

                                                                                                	 
      	
                                                                                                  6

                                                                                                
	
                                                                                                  SECTION 2.03  DENOMINATIONS: PROVISIONS
      FOR PAYMENT.

                                                                                                	 
      	
                                                                                                  6

                                                                                                
	
                                                                                                  SECTION 2.04  EXECUTION AND
      AUTHENTICATION.

                                                                                                	 
      	
                                                                                                  8

                                                                                                
	
                                                                                                  SECTION 2.05  REGISTRATION OF TRANSFER
      AND EXCHANGE.

                                                                                                	 
      	
                                                                                                  8

                                                                                                
	
                                                                                                  SECTION 2.06  TEMPORARY
      SECURITIES.

                                                                                                	 
      	
                                                                                                  9

                                                                                                
	
                                                                                                  SECTION 2.07  MUTILATED, DESTROYED, LOST
      OR STOLEN SECURITIES.

                                                                                                	 
      	
                                                                                                  9

                                                                                                
	
                                                                                                  SECTION
      2.08  CANCELLATION.

                                                                                                	 
      	
                                                                                                  9

                                                                                                
	
                                                                                                  SECTION 2.09  BENEFITS OF
      INDENTURE.

                                                                                                	 
      	
                                                                                                  10

                                                                                                
	
                                                                                                  SECTION 2.10  AUTHENTICATING
      AGENT.

                                                                                                	 
      	
                                                                                                  10

                                                                                                
	
                                                                                                  SECTION 2.11  GLOBAL
      SECURITIES.

                                                                                                	 
      	
                                                                                                  10

                                                                                                
	
                                                                                                  ARTICLE III   REDEMPTION OF
      SECURITIES AND SINKING FUND PROVISIONS

                                                                                                	 
      	
                                                                                                  12

                                                                                                
	
                                                                                                  SECTION
      3.01  REDEMPTION.

                                                                                                	 
      	
                                                                                                  12

                                                                                                
	
                                                                                                  SECTION 3.02  NOTICE OF
      REDEMPTION.

                                                                                                	 
      	
                                                                                                  12

                                                                                                
	
                                                                                                  SECTION 3.03  PAYMENT UPON
      REDEMPTION.

                                                                                                	 
      	
                                                                                                  13

                                                                                                
	
                                                                                                  SECTION 3.04  SINKING
      FUND.

                                                                                                	 
      	
                                                                                                  13

                                                                                                
	
                                                                                                  SECTION 3.05  SATISFACTION OF SINKING
      FUND PAYMENTS WITH SECURITIES.

                                                                                                	 
      	
                                                                                                  13

                                                                                                
	
                                                                                                  SECTION 3.06  REDEMPTION OF SECURITIES
      FOR SINKING FUND.

                                                                                                	 
      	
                                                                                                  13

                                                                                                
	
                                                                                                  ARTICLE
      IV   COVENANTS

                                                                                                	 
      	
                                                                                                  14

                                                                                                
	
                                                                                                  SECTION 4.01  PAYMENT OF PRINCIPAL,
      PREMIUM AND INTEREST.

                                                                                                	 
      	
                                                                                                  14

                                                                                                
	
                                                                                                  SECTION 4.02  MAINTENANCE OF OFFICE OR
      AGENCY.

                                                                                                	 
      	
                                                                                                  14

                                                                                                
	
                                                                                                  SECTION 4.03  PAYING
      AGENTS.

                                                                                                	 
      	
                                                                                                  14

                                                                                                
	
                                                                                                  SECTION 4.04  APPOINTMENT TO FILL
      VACANCY IN OFFICE OF TRUSTEE.

                                                                                                	 
      	
                                                                                                  15

                                                                                                
	
                                                                                                  SECTION 4.05  COMPLIANCE WITH
      CONSOLIDATION PROVISIONS.

                                                                                                	 
      	
                                                                                                  15

                                                                                                
	
                                                                                                  SECTION 4.06  STATEMENT BY OFFICERS AS
      TO DEFAULT.

                                                                                                	 
      	
                                                                                                  15

                                                                                                
	
                                                                                                  ARTICLE V   SECURITYHOLDERS’ LISTS
      AND REPORTS BY THE COMPANY AND THE TRUSTEE

                                                                                                	 
      	
                                                                                                  15

                                                                                                
	
                                                                                                  SECTION 5.01  COMPANY TO FURNISH TRUSTEE
      NAMES AND ADDRESSES OF SECURITYHOLDERS.

                                                                                                	 
      	
                                                                                                  15

                                                                                                
	
                                                                                                  SECTION 5.02  PRESERVATION OF
      INFORMATION; COMMUNICATIONS WITH SECURITYHOLDERS.

                                                                                                	 
      	
                                                                                                  15

                                                                                                
	
                                                                                                  SECTION 5.03  REPORTS BY THE
      COMPANY.

                                                                                                	 
      	
                                                                                                  16

                                                                                                
	
                                                                                                  SECTION 5.04  REPORTS BY THE
      TRUSTEE.

                                                                                                	 
      	
                                                                                                  16

                                                                                                
	
                                                                                                  ARTICLE VI   REMEDIES OF THE
      TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

                                                                                                	 
      	
                                                                                                  16

                                                                                                
	
                                                                                                  SECTION 6.01  EVENTS OF
      DEFAULT.

                                                                                                	 
      	
                                                                                                  16

                                                                                                

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        ii

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      	
                                                                                              SECTION 6.02  COLLECTION OF INDEBTEDNESS
      AND SUITS FOR ENFORCEMENT BY TRUSTEE.

                                                                                            	 
      	
                                                                                              18

                                                                                            
	
                                                                                              SECTION 6.03  APPLICATION OF MONEYS
      COLLECTED.

                                                                                            	 
      	
                                                                                              19

                                                                                            
	
                                                                                              SECTION 6.04  LIMITATION ON
      SUITS.

                                                                                            	 
      	
                                                                                              19

                                                                                            
	
                                                                                              SECTION 6.05  RIGHTS AND REMEDIES
      CUMULATIVE; DELAY OR OMISSION NOT WAIVER.

                                                                                            	 
      	
                                                                                              20

                                                                                            
	
                                                                                              SECTION 6.06  CONTROL BY
      SECURITYHOLDERS.

                                                                                            	 
      	
                                                                                              20

                                                                                            
	
                                                                                              SECTION 6.07  UNDERTAKING TO PAY
      COSTS.

                                                                                            	 
      	
                                                                                              21

                                                                                            
	
                                                                                              ARTICLE VII   CONCERNING THE
      TRUSTEE

                                                                                            	 
      	
                                                                                              21

                                                                                            
	
                                                                                              SECTION 7.01  CERTAIN DUTIES AND
      RESPONSIBILITIES OF TRUSTEE.

                                                                                            	 
      	
                                                                                              21

                                                                                            
	
                                                                                              SECTION 7.02  NOTICE OF
      DEFAULTS.

                                                                                            	 
      	
                                                                                              22

                                                                                            
	
                                                                                              SECTION 7.03  CERTAIN RIGHTS OF
      TRUSTEE.

                                                                                            	 
      	
                                                                                              22

                                                                                            
	
                                                                                              SECTION 7.04  TRUSTEE NOT RESPONSIBLE
      FOR RECITALS OR ISSUANCE OR SECURITIES.

                                                                                            	 
      	
                                                                                              23

                                                                                            
	
                                                                                              SECTION 7.05  MAY HOLD
      SECURITIES.

                                                                                            	 
      	
                                                                                              23

                                                                                            
	
                                                                                              SECTION 7.06  MONEYS HELD IN
      TRUST.

                                                                                            	 
      	
                                                                                              23

                                                                                            
	
                                                                                              SECTION 7.07  COMPENSATION AND
      REIMBURSEMENT.

                                                                                            	 
      	
                                                                                              24

                                                                                            
	
                                                                                              SECTION 7.08  RELIANCE ON OFFICERS’
      CERTIFICATE.

                                                                                            	 
      	
                                                                                              24

                                                                                            
	
                                                                                              SECTION 7.09  DISQUALIFICATION;
      CONFLICTING INTERESTS.

                                                                                            	 
      	
                                                                                              24

                                                                                            
	
                                                                                              SECTION 7.10  CORPORATE TRUSTEE
      REQUIRED; ELIGIBILITY.

                                                                                            	 
      	
                                                                                              24

                                                                                            
	
                                                                                              SECTION 7.11  RESIGNATION AND REMOVAL;
      APPOINTMENT OF SUCCESSOR.

                                                                                            	 
      	
                                                                                              25

                                                                                            
	
                                                                                              SECTION 7.12  ACCEPTANCE OF APPOINTMENT
      BY SUCCESSOR.

                                                                                            	 
      	
                                                                                              26

                                                                                            
	
                                                                                              SECTION 7.13  MERGER, CONVERSION,
      CONSOLIDATION OR SUCCESSION TO BUSINESS.

                                                                                            	 
      	
                                                                                              27

                                                                                            
	
                                                                                              SECTION 7.14  PREFERENTIAL COLLECTION OF
      CLAIMS AGAINST THE COMPANY.

                                                                                            	 
      	
                                                                                              27

                                                                                            
	
                                                                                              ARTICLE VIII   CONCERNING THE
      SECURITYHOLDERS

                                                                                            	 
      	
                                                                                              27

                                                                                            
	
                                                                                              SECTION 8.01  EVIDENCE OF ACTION BY
      SECURITYHOLDERS.

                                                                                            	 
      	
                                                                                              27

                                                                                            
	
                                                                                              SECTION 8.02  PROOF OF EXECUTION BY
      SECURITYHOLDERS.

                                                                                            	 
      	
                                                                                              27

                                                                                            
	
                                                                                              SECTION 8.03  WHO MAY BE DEEMED
      OWNERS.

                                                                                            	 
      	
                                                                                              28

                                                                                            
	
                                                                                              SECTION 8.04  CERTAIN SECURITIES OWNED
      BY COMPANY DISREGARDED.

                                                                                            	 
      	
                                                                                              28

                                                                                            
	
                                                                                              SECTION 8.05  ACTIONS BINDING ON FUTURE
      SECURITYHOLDERS.

                                                                                            	 
      	
                                                                                              28

                                                                                            
	
                                                                                              ARTICLE IX   SUPPLEMENTAL
      INDENTURES

                                                                                            	 
      	
                                                                                              28

                                                                                            
	
                                                                                              SECTION 9.01  SUPPLEMENTAL INDENTURES
      WITHOUT THE CONSENT OF SECURITYHOLDERS.

                                                                                            	 
      	
                                                                                              28

                                                                                            
	
                                                                                              SECTION 9.02  SUPPLEMENTAL INDENTURES
      WITH CONSENT OF SECURITYHOLDERS.

                                                                                            	 
      	
                                                                                              29

                                                                                            
	
                                                                                              SECTION 9.03  EFFECT OF SUPPLEMENTAL
      INDENTURES.

                                                                                            	 
      	
                                                                                              30

                                                                                            
	
                                                                                              SECTION 9.04  SECURITIES AFFECTED BY
      SUPPLEMENTAL INDENTURES.

                                                                                            	 
      	
                                                                                              30

                                                                                            
	
                                                                                              SECTION 9.05  EXECUTION OF SUPPLEMENTAL
      INDENTURES.

                                                                                            	 
      	
                                                                                              30

                                                                                            
	
                                                                                              ARTICLE X   SUCCESSOR
      ENTITY

                                                                                            	 
      	
                                                                                              30

                                                                                            
	
                                                                                              SECTION 10.01  COMPANY MAY CONSOLIDATE,
      ETC.

                                                                                            	 
      	
                                                                                              30

                                                                                            

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        iii

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                	
                        SECTION 10.02  SUCCESSOR ENTITY
      SUBSTITUTED.

                      	 
      	
                        31

                      
	
                        SECTION 10.03  EVIDENCE OF
      CONSOLIDATION, ETC. TO TRUSTEE.

                      	 
      	
                        31

                      
	
                        ARTICLE XI   SATISFACTION AND
      DISCHARGE; DEFEASANCE

                      	 
      	
                        31

                      
	
                        SECTION 11.01  SATISFACTION AND
      DISCHARGE.

                      	 
      	
                        31

                      
	
                        SECTION
      11.02  DEFEASANCE.

                      	 
      	
                        32

                      
	
                        SECTION 11.03  DEPOSITED MONEYS TO BE
      HELD IN TRUST.

                      	 
      	
                        33

                      
	
                        SECTION 11.04  PAYMENT OF MONEYS HELD BY
      PAYING AGENTS.

                      	 
      	
                        33

                      
	
                        SECTION 11.05  REPAYMENT TO
      COMPANY.

                      	 
      	
                        33

                      
	
                        ARTICLE XII   IMMUNITY OF
      INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

                      	 
      	
                        34

                      
	
                        SECTION 12.01  NO
      RECOURSE.

                      	 
      	
                        34

                      
	
                        ARTICLE XIII   MISCELLANEOUS
      PROVISIONS

                      	 
      	
                        34

                      
	
                        SECTION 13.01  EFFECT ON SUCCESSORS AND
      ASSIGNS.

                      	 
      	
                        34

                      
	
                        SECTION 13.02  ACTIONS BY
      SUCCESSOR.

                      	 
      	
                        34

                      
	
                        SECTION 13.03  SURRENDER OF COMPANY
      POWERS.

                      	 
      	
                        34

                      
	
                        SECTION
      13.04  NOTICES.

                      	 
      	
                        34

                      
	
                        SECTION 13.05  GOVERNING LAW; WAIVER OF
      TRIAL BY JURY.

                      	 
      	
                        34

                      
	
                        SECTION 13.06  TREATMENT OF SECURITIES
      AS DEBT.

                      	 
      	
                        35

                      
	
                        SECTION 13.07  COMPLIANCE CERTIFICATES
      AND OPINIONS.

                      	 
      	
                        35

                      
	
                        SECTION 13.08  PAYMENTS ON BUSINESS
      DAYS.

                      	 
      	
                        35

                      
	
                        SECTION 13.09  CONFLICT WITH TRUST
      INDENTURE ACT.

                      	 
      	
                        35

                      
	
                        SECTION
      13.10  COUNTERPARTS.

                      	 
      	
                        35

                      
	
                        SECTION
      13.11  SEPARABILITY.

                      	 
      	
                        35

                      
	
                        SECTION
      13.12  ASSIGNMENT.

                      	 
      	
                        36

                      
	
                        ARTICLE XIV   SUBORDINATION OF
      SECURITIES

                      	 
      	
                        36

                      
	
                        SECTION 14.01  SUBORDINATION
      TERMS.

                      	 
      	
                        36

                      

              

            

          

        

      

    

    
       

      
        
(2)
This Table of Contents does not constitute part of the Indenture and shall not
have any bearing on the interpretation of any of its terms or
provisions.

    

    
      
         

      

      
        iv

        
          

        

      

      
         

      

    

    INDENTURE,
dated as of [__________] [___], 20[__], between Frederick’s of Hollywood Group
Inc., a New York corporation (the “Company”), and [_____________], a
[_____________], as trustee (the “Trustee”):

     

    RECITALS
OF THE COMPANY

     

    WHEREAS,
for its lawful corporate purposes, the Company has duly authorized the execution
and delivery of this Indenture to provide for the issuance of subordinated debt
securities (hereinafter referred to as the “Securities”), in an unlimited
aggregate principal amount to be issued from time to time in one or more series
as provided in this Indenture, as registered Securities without coupons, to be
authenticated by the certificate of the Trustee;

     

    WHEREAS,
to provide the terms and conditions upon which the Securities are to be
authenticated, issued and delivered, the Company has duly authorized the
execution of this Indenture; and

     

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

     

    NOW,
THEREFORE, in consideration of the premises and the purchase of the Securities
by the Holders thereof, it is mutually covenanted and agreed as follows for the
equal and ratable benefit of the Holders of Securities or of series
thereof.

     

    ARTICLE
I

    DEFINITIONS

     

    SECTION
1.01  DEFINITIONS OF TERMS.

     

    The terms
defined in this Section (except as in this Indenture otherwise expressly
provided or unless the context otherwise requires) for all purposes of this
Indenture and of any indenture supplemental hereto shall have the respective
meanings specified in this Section and shall include the plural as well as the
singular. All other terms used in this Indenture that are defined in the Trust
Indenture Act, or that are by reference in said Trust Indenture Act defined in
the Securities Act (except as herein otherwise expressly provided or unless the
context otherwise requires), shall have the meanings assigned to such terms in
said Trust Indenture Act and in said Securities Act as in force at the date of
the execution of this instrument.

     

    “ARTICLE”,
“SECTION” or other subdivisions refer to Articles, Sections or other
subdivisions of this Indenture.

     

    “AUTHENTICATING
AGENT” means an authenticating agent with respect to all or any of the series of
Securities appointed with respect to all or any series of the Securities by the
Trustee pursuant to Section 2.10.

     

    “BANKRUPTCY
LAW” means Title 11, U.S. Code, or any similar federal or state law for the
relief of debtors.

     

    “BOARD OF
DIRECTORS” means the Board of Directors of the Company or any duly authorized
committee of such Board.

     

    “BOARD
RESOLUTION” means a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company to have been duly adopted by the Board of
Directors and to be in full force and effect on the date of such
certification.

     

    “BUSINESS
DAY” means, with respect to any series of Securities, any day other than a
Saturday or Sunday, or a day on which federal or state banking institutions in
[________], are authorized or obligated by law, executive order or regulation to
close.

     

    “CERTIFICATE”
means a certificate signed by the principal executive officer, the principal
financial officer or the principal accounting officer of the Company. The
Certificate need not comply with the provisions of Section 13.07.

     

    “COMMISSION”
means the Securities and Exchange Commission.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    “COMPANY”
means Frederick’s of Hollywood Group Inc., a corporation duly organized and
existing under the laws of the State of New York, and, subject to the provisions
of Article X, shall also include its successors and assigns.

     

    “CORPORATE
TRUST OFFICE” means the office of the Trustee at which, at any particular time,
its corporate trust business shall be principally administered, which office at
the date hereof is located at [________________________________].

     

    “COVENANT
DEFEASANCE” has the meaning given in Section 11.02.

     

    “CUSTODIAN”
means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law.

     

    “DEFAULT”
means any event, act or condition that with notice or lapse of time, or both,
would constitute an Event of Default.

     

    “DEFAULTED
INTEREST” has the meaning given in Section 2.03.

     

    “DEPOSITARY”
means, with respect to Securities of any series, for which the Company shall
determine that such Securities will be issued as a Global Security, [________],
another clearing agency, or any successor registered as a clearing agency under
the Exchange Act, or other applicable statute or regulation, which, in each
case, shall be designated by the Company pursuant to either Section 2.01 or
2.11.

     

    “EVENT OF
DEFAULT” means, with respect to Securities of a particular series any event
specified in Section 6.01, continued for the period of time, if any, therein
designated.

     

    “EXCHANGE
ACT” means the Securities Exchange Act of 1934, as amended, or any successor
statute or statutes thereto.

     

    “GLOBAL
SECURITY” means, with respect to any series of Securities, a Security executed
by the Company and delivered by the Trustee to the Depositary or pursuant to the
Depositary’s instruction, all in accordance with the Indenture, which shall be
registered in the name of the Depositary or its nominee.

     

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

     

    “HEREIN”,
“HEREOF” and “HEREUNDER”, and other words of similar import, refer to this
Indenture as a whole and not to any particular Article, Section or other
subdivision.

     

    “INCLUDING”,
unless the context requires otherwise, means including without
limitation.

     

    “INDENTURE”
means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered
into in accordance with the terms hereof, including, for all purposes of this
instrument and any such supplemental indenture, the provisions of the Trust
Indenture Act that are deemed to be a part of and govern this instrument and any
such supplemental indenture, respectively. The term “Indenture” shall also
include the terms of particular series of Securities established as contemplated
by Section 2.01.

     

    “INTEREST
PAYMENT DATE”, when used with respect to any installment of interest on a
Security of a particular series, means the date specified in such Security or in
a Board Resolution or in an indenture supplemental hereto with respect to such
series as the fixed date on which an installment of interest with respect to
Securities of that series is due and payable.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    “LEGAL
DEFEASANCE” has the meaning given in Section 11.02.

     

    “OFFICERS’
CERTIFICATE” means a certificate signed by the President or a Vice President and
by the Treasurer or an Assistant Treasurer or the Controller or an Assistant
Controller or the Secretary or an Assistant Secretary of the Company that is
delivered to the Trustee in accordance with the terms hereof. Each such
certificate shall include the statements provided for in Section 13.07, if and
to the extent required by the provisions thereof.

     

    “OPINION
OF COUNSEL” means an opinion in writing of legal counsel acceptable to the
Trustee, who may be an employee of or counsel for the Company that is delivered
to the Trustee in accordance with the terms hereof. Each such opinion shall
include the statements provided for in Section 13.07, if and to the extent
required by the provisions thereof.

     

    “ORIGINAL
ISSUE DISCOUNT SECURITY” means any Security which provides for an amount less
than the principal amount thereof to be due and payable upon a declaration of
acceleration of the maturity thereof pursuant to Section 6.01.

     

    “OUTSTANDING”, when used with reference
to Securities of any series, means, subject to the provisions of Section 8.04,
as of any particular time, all Securities of that series theretofore
authenticated and delivered by the Trustee under this Indenture, except (a)
Securities theretofore canceled by the Trustee or any paying agent, or delivered
to the Trustee or any paying agent for cancellation or that have previously been
canceled; (b) Securities or portions thereof for the payment or redemption of
which moneys or Governmental Obligations in the necessary amount shall have been
deposited in trust with the Trustee or with any paying agent (other than the
Company) or shall have been set aside and segregated in trust by the Company (if
the Company shall act as its own paying agent) or, if such Securities are payable
otherwise than in cash pursuant to Section 2.1(a)(19), such other arrangements
as are satisfactory to the Trustee for payment in property other than cash shall
have been made; provided, however, that if such Securities or portions of such
Securities are to be redeemed prior to the maturity thereof, notice of such
redemption shall have been given as in Article III; or provision satisfactory to
the Trustee shall have been made for giving such notice; and (c) Securities in
lieu of or in substitution for which other Securities shall have been
authenticated and delivered pursuant to the terms of Section 2.07; provided,
however, that in determining whether the Holders of the requisite principal
amount of the Outstanding Securities have given, made or taken any request,
demand, authorization, direction, notice, consent, waiver or other action
hereunder as of any date, the principal amount of an Original Issue Discount
Security which shall be deemed to be Outstanding shall be the amount of the
principal thereof which would be due and payable as of such date upon
acceleration of the maturity thereof to such date pursuant to Section
6.01.

     

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

     

    “PREDECESSOR
SECURITY” of any particular Security means every previous Security evidencing
all or a portion of the same debt as that evidenced by such particular Security;
and, for the purposes of this definition, any Security authenticated and
delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security
shall be deemed to evidence the same debt as the lost, destroyed or stolen
Security.

     

    “RESPONSIBLE
OFFICER” when used with respect to the Trustee means any officer assigned to the
[________________] [Division / Unit] (or any successor division or unit) of the
Trustee located at the Corporate Trust Office of the Trustee, who shall have
direct responsibility for the administration of this Indenture, and for the
purposes of Section 7.01(b)(ii) and Section 315(b) of the Trust Indenture Act
shall also include any other officer of the Trustee to whom any corporate trust
matter is referred because of his or her knowledge of and familiarity with the
particular subject.

     

    “SECURITIES”
means the debt securities authenticated and delivered under this
Indenture.

     

    “SECURITIES
ACT” means the Securities Act of 1933, as amended, or any successor statute or
statutes thereto.

     

    “SECURITYHOLDER”,
“HOLDER of SECURITIES”, “REGISTERED HOLDER”, “HOLDER”, or other similar term,
means the Person or Persons in whose name or names a particular Security shall
be registered on the books of the Company kept for that purpose in accordance
with the terms of this Indenture.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    “SECURITY
REGISTER” has the meaning given in Section 2.05.

     

    “SECURITY
REGISTRAR” has the meaning given in Section 2.05.

     

    “SENIOR
INDEBTEDNESS” means the principal of (and premium, if any) and interest
(including any interest accruing subsequent to the filing of a petition of
bankruptcy at the rate provided for in the documentation with respect thereto,
whether or not such interest is an allowed claim under applicable law) on any
indebtedness of the Company, incurred or assumed, unless, in the case of any
particular indebtedness, the instrument creating or evidencing the same or
pursuant to which the same is outstanding expressly provides that such
indebtedness shall not be senior in right of payment to the Securities.
Notwithstanding the foregoing, “SENIOR INDEBTEDNESS” shall not include (i) any
indebtedness of the Company to a Subsidiary of the Company or any Affiliate of
the Company or any of such Affiliate’s Subsidiaries, (ii) indebtedness to, or
guaranteed on behalf of, any shareholder, director, officer or employee of the
Company or any Subsidiary of the Company (including, without limitation, amounts
owed for compensation), (iii) indebtedness to trade creditors and other amounts
incurred in connection with obtaining goods, materials or services, (iv) any
liability for federal, state, local or other taxes owed or owing by the Company,
(v) that portion of any indebtedness incurred in violation of an incurrence test
applicable to a series of the Securities, (vi) that portion of any indebtedness
which, when incurred and without respect to any election under Section 1111(b)
of Title 11, United States Code, is without recourse to the Company and (vii)
that portion of any indebtedness which is, by its express terms, subordinated in
right of payment to the Securities.

     

    “SUBSIDIARY”
means, with respect to any Person, (i) any corporation at least a majority of
whose outstanding Voting Stock shall at the time be owned, directly or
indirectly, by such Person or by one or more of its Subsidiaries or by such
Person and one or more of its Subsidiaries, (ii) any general partnership,
limited liability company, joint venture or similar entity, at least a majority
of whose outstanding partnership or similar interests shall at the time be owned
by such Person, or by one or more of its Subsidiaries, or by such Person and one
or more of its Subsidiaries and (iii) any limited partnership of which such
Person or any of its Subsidiaries is a general partner.

     

    “TRUSTEE”
means [_____________] and, subject to the provisions of Article VII, shall also
include its successors and assigns, and, if at any time there is more than one
Person acting in such capacity hereunder, “Trustee” shall mean each such Person.
The term “Trustee” as used with respect to a particular series of the Securities
shall mean the trustee with respect to that series.

     

    “TRUST
INDENTURE ACT” means the Trust Indenture Act of 1939, as amended, subject to the
provisions of Sections 9.01, 9.02, and 10.01, as in effect at the date of
execution of this instrument.

     

    “VOTING
STOCK”, as applied to stock of any Person, means shares, interests,
participations or other equivalents in the equity interest (however designated)
in such Person having ordinary voting power for the election of a majority of
the directors (or the equivalent) of such Person, other than shares, interests,
participations or other equivalents having such power only by reason of the
occurrence of a contingency.

     

    ARTICLE
II

    ISSUE,
DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF
SECURITIES

     

    SECTION
2.01  DESIGNATION AND TERMS OF SECURITIES.

     

    The
aggregate principal amount of Securities that may be authenticated and delivered
under this Indenture is unlimited. The Securities may be issued in one or more
series up to the aggregate principal amount, if any, of Securities of that
series from time to time authorized by or pursuant to a Board Resolution or
pursuant to one or more indentures supplemental hereto. Prior to the initial
issuance of Securities of any series, there shall be established in or pursuant
to a Board Resolution, and set forth in an Officers’ Certificate, or established
in one or more indentures supplemental hereto:

     

    (1)         the
title of the Security of the series (which shall distinguish the Securities of
the series from all other Securities);

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (2)         any
limit upon the aggregate principal amount of the Securities of that series that
may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of that series);

     

    (3)         the
date or dates on which the principal of the Securities of the series is payable,
any original issue discount that may apply to the Securities of that series upon
their issuance, the principal amount due at maturity and the place(s) of
payment;

     

    (4)         the
rate or rates at which the Securities of the series shall bear interest or the
manner of calculation of such rate or rates, if any;

     

    (5)         the
date or dates from which such interest shall accrue, the Interest Payment Dates
on which such interest will be payable or the manner of determination of such
Interest Payment Dates, the place(s) of payment, and the record date or other
method for the determination of Holders to whom interest is payable on any such
Interest Payment Dates;

     

    (6)         the
right, if any, to extend the interest payment periods and the duration of such
extension;

     

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

     

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

     

    (9)         any
additional or different subordination terms applicable to the Securities of the
series;

     

    (10)       the
form of the Securities of the series, including the form of the Trustee’s
certificate of authentication for such series;

     

    (11)       if
other than denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof, the denominations in which the Securities of the series shall
be issuable (including denominations of foreign currency);

     

    (12)       any
and all other terms (including terms, to the extent applicable, relating to any
security for the obligations of the Company with respect to such Securities)
with respect to such series (which terms shall not be inconsistent with the
terms of this Indenture);

     

    (13)       whether
the Securities of the series are issuable as a Global Security and, in such
case, the identity of the Depositary for such series and any other or different
terms in respect of such Global Security;

     

    (14)       whether
the Securities of the series will be convertible into shares of common stock or
other securities of the Company and, if so, the terms and conditions upon which
such Securities will be so convertible, including the conversion price and the
conversion period;

     

    (15)       if
other than the principal amount thereof, the portion of the principal amount of
Securities of the series which shall be payable upon declaration of acceleration
of the maturity thereof pursuant to Section 6.01;

     

    (16)       any
additional or different Events of Default or restrictive covenants provided for
with respect to the Securities of the series;

     

    (17)       if
applicable, that the Securities of the series, in whole or in specified part,
shall be defeasible pursuant to Section 11.02 and, if other than by a Board
Resolution, the manner in which any election by the Company to defease such
Securities shall be evidenced;

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (18)       if
other than the currency of the United States of America, the currency,
currencies or currency units in which the principal of or any premium or
interest on any Securities of the series shall be payable and the manner of
determining the equivalent thereof in the currency of the United States of
America for any purpose, including for purposes of the definition of
“Outstanding” in Section 1.01;

     

    (19)       the
terms and conditions, if any, upon which the Company shall pay amounts in
addition to the stated interest, premium, if any and principal amounts of the
Securities of the series to any Securityholder that is not a “United States
person” for federal tax purposes; and

     

    (20)       whether
interest or principal (and premium, if any) may be paid in property other than
cash, including in securities of the Company, or, in the case of interest, by
increasing the principal amount of the Securities by the amount of the interest
earned.

     

    All
Securities of any one series shall be substantially identical except as to
denomination and except as may otherwise be provided in or pursuant to any such
Board Resolution or in any indentures supplemental hereto. If any of the terms
of the series are established by action taken pursuant to a Board Resolution, a
copy of an appropriate record of such action shall be certified by the Secretary
or an Assistant Secretary of the Company and delivered to the Trustee at or
prior to the delivery of the Officers’ Certificate setting forth the terms of
the series. Securities of any particular series may be issued at various times,
with different dates on which the principal or any installment of principal is
payable, with different rates of interest, if any, or different methods by which
rates of interest may be determined, with different dates on which such interest
may be payable and with different redemption dates. Notwithstanding Section
2.01(2) and unless otherwise expressly provided with respect to a series of
Securities, the aggregate principal amount of a series of Securities may be
increased and additional Securities of such series may be issued up to the
maximum aggregate principal amount authorized with respect to such series as
increased.

     

    SECTION
2.02  FORM OF SECURITIES AND TRUSTEE’S CERTIFICATE.

     

    The
Securities of any series and the Trustee’s certificate of authentication to be
borne by such Securities shall be substantially of the tenor and purport as set
forth in one or more indentures supplemental hereto or as provided in or
pursuant to a Board Resolution and as set forth in an Officers’ Certificate. The
Securities may have such letters, numbers or other marks of identification or
designation and such legends or endorsements printed, lithographed or engraved
thereon as the Company may deem appropriate and as are not inconsistent with the
provisions of this Indenture, or as may be required to comply with any law or
with any rule or regulation made pursuant thereto or with any rule or regulation
of any stock exchange on which Securities of that series may be listed, or to
conform to usage.

     

    SECTION
2.03  DENOMINATIONS: PROVISIONS FOR PAYMENT.

     

    The
Securities shall be issuable as registered Securities and in the denominations
of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject
to Section 2.01(11). The Securities of a particular series shall bear interest
payable on the dates and at the rates specified or provided for with respect to
that series. Except as contemplated by Section 2.01(18) and Section 2.01(20),
the principal of and the interest on the Securities of any series, as well as
any premium thereon in case of redemption thereof prior to maturity, shall be
payable in the coin or currency of the United States of America that at the time
is legal tender for public and private debt, at the office or agency of the
Company maintained for that purpose in [_____________]; provided, however, that
at the option of the Company payment of interest may be made by check mailed to
the address of the Person entitled thereto as such address shall appear in the
Security Register. Each Security shall be dated the date of its authentication
by the Trustee. Except as contemplated by Section 2.01(4), interest on the
Securities shall be computed on the basis of a 360-day year composed of twelve
30-day months. Except as contemplated by Section 2.01(5), the interest
installment on any Security that is payable, and is punctually paid or duly
provided for, on any Interest Payment Date for Securities of that series shall
be paid to the Person in whose name said Security (or one or more Predecessor
Securities) is registered at the close of business on the regular record date
for such interest installment. In the event that any Security of a particular
series or portion thereof is called for redemption and the redemption date is
subsequent to a regular record date with respect to any Interest Payment Date
and prior to such Interest Payment Date, interest on such Security will be paid
upon presentation and surrender of such Security as provided in Section 3.03.
Any interest on any Security that is payable, but is not punctually paid or duly
provided for, on any Interest Payment Date for Securities of the same series
(herein called “Defaulted Interest”) shall forthwith cease to be payable to the
registered Holder on the relevant regular record date by virtue of having been
such Holder; and such Defaulted Interest shall be paid by the Company, at its
election, as provided in clause (1) or clause (2) below:

    
      
         

      

      
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    (1)         The
Company may make payment of any Defaulted Interest on Securities to the Persons
in whose names such Securities (or their respective Predecessor Securities) are
registered at the close of business on a special record date for the payment of
such Defaulted Interest, which shall be fixed in the following manner: the
Company shall notify the Trustee in writing of the amount of Defaulted Interest
proposed to be paid on each such Security and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of
money equal to the aggregate amount proposed to be paid in respect of such
Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit prior to the date of the proposed payment, such money when
deposited to be held in trust for the benefit of the Persons entitled to such
Defaulted Interest as in this clause provided. Notwithstanding the foregoing, if
the Defaulted Interest is payable otherwise than in cash pursuant to Section
2.01(a)(20), the Company shall make such other arrangements as are satisfactory
to the Trustee for the payment of the Defaulted Interest in such other property
prior to the date of the proposed payment.  Thereupon the Trustee
shall fix a special record date for the payment of such Defaulted Interest which
shall not be more than 15 nor less than 10 days prior to the date of the
proposed payment and not less than 10 days after the receipt by the Trustee of
the notice of the proposed payment. The Trustee shall promptly notify the
Company of such special record date and, in the name and at the expense of the
Company, shall cause notice of the proposed payment of such Defaulted Interest
and the special record date therefor to be mailed, first class postage prepaid,
to each Securityholder at his or her address as it appears in the Security
Register (as hereinafter defined), not less than 10 days prior to such special
record date. Notice of the proposed payment of such Defaulted Interest and the
special record date therefor having been mailed as aforesaid, such Defaulted
Interest shall be paid to the Persons in whose names such Securities (or their
respective Predecessor Securities) are registered on such special record
date.

     

    (2)         The
Company may make payment of any Defaulted Interest on any Securities in any
other lawful manner not inconsistent with the requirements of any securities
exchange on which such Securities may be listed, and upon such notice as may be
required by such exchange, if, after notice given by the Company to the Trustee
of the proposed payment pursuant to this clause, such manner of payment shall be
deemed practicable by the Trustee. Unless otherwise set forth in a Board
Resolution or one or more indentures supplemental hereto establishing the terms
of any series of Securities pursuant to Section 2.01 hereof, the term “regular
record date” as used in this Section with respect to a series of Securities with
respect to any Interest Payment Date for such series shall mean either the
fifteenth day of the month immediately preceding the month in which an Interest
Payment Date established for such series pursuant to Section 2.01 hereof shall
occur, if such Interest Payment Date is the first day of a month, or the last
day of the month immediately preceding the month in which an Interest Payment
Date established for such series pursuant to Section 2.01 hereof shall occur, if
such Interest Payment Date is the fifteenth day of a month, whether or not such
date is a Business Day. Subject to the foregoing provisions of this Section,
each Security of a series delivered under this Indenture upon transfer of or in
exchange for or in lieu of any other Security of such series shall carry the
rights to interest accrued and unpaid, and to accrue, that were carried by such
other Security.

    
      
         

      

      
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    SECTION
2.04  EXECUTION AND AUTHENTICATION.

     

    The
Securities shall be signed on behalf of the Company by its President, or one of
its Vice Presidents, or its Treasurer, or one of its Assistant Treasurers,
attested by its Secretary or one of its Assistant Secretaries. Signatures may be
in the form of a manual or facsimile signature. The Company may use the
facsimile signature of any Person who shall have been a President or Vice
President thereof, or of any Person who shall have been the Treasurer, an
Assistant Treasurer, the Secretary or an Assistant Secretary thereof,
notwithstanding the fact that at the time the Securities shall be authenticated
and delivered or disposed of such Person shall have ceased to be the President
or a Vice President, or the Treasurer, an Assistant Treasurer, the Secretary or
an Assistant Secretary, of the Company. The Securities may contain such
notations, legends or endorsements required by law, stock exchange rule or
usage. A Security shall not be valid until authenticated manually by an
authorized signatory of the Trustee, or by an Authenticating Agent. Such
signature shall be conclusive evidence and the only evidence that the Security
so authenticated has been duly authenticated and delivered hereunder and that
the Holder is entitled to the benefits of this Indenture. At any time and from
time to time after the execution and delivery of this Indenture, the Company may
deliver Securities of any series executed by the Company to the Trustee for
authentication, together with a written order of the Company for the
authentication and delivery of such Securities, signed by its President or any
Vice President and its Secretary or any Assistant Secretary, and the Trustee in
accordance with such written order shall authenticate and deliver such
Securities. In authenticating such Securities and accepting the additional
responsibilities under this Indenture in relation to such Securities, the
Trustee shall be entitled to receive, and (subject to Section 7.01) shall be
fully protected in relying upon, an Opinion of Counsel stating that the form and
terms thereof have been established in conformity with the provisions of this
Indenture and that such Securities, when authenticated and delivered by the
Trustee and issued by the Company in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute valid and legally binding
obligations of the Company enforceable in accordance with their terms, subject
to any Bankruptcy Law or other insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting
creditors’ rights and to general equity principles and to other customary
exceptions. The Trustee shall not be required to authenticate such Securities if
the issue of such Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities under the Securities and this
Indenture or otherwise in a manner that is not reasonably acceptable to the
Trustee.

     

    SECTION
2.05  REGISTRATION OF TRANSFER AND EXCHANGE.

     

    (a)       Securities
of any series may be exchanged upon presentation thereof at the office or agency
of the Company designated for such purpose in [_____________], for other
Securities of such series of authorized denominations, and for a like aggregate
principal amount, upon payment of a sum sufficient to cover any tax or other
governmental charge in relation thereto, all as provided in this Section. In
respect of any Securities so surrendered for exchange, the Company shall
execute, the Trustee shall authenticate and such office or agency shall deliver
in exchange therefor the Security or Securities of the same series that the
Securityholder making the exchange shall be entitled to receive, bearing numbers
not contemporaneously outstanding.

     

    (b)       The
Company shall keep, or cause to be kept, at its office or agency designated for
such purpose in [_____________], or such other location designated by the
Company a register or registers (herein referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the
Company shall register the Securities and the transfers of Securities as in this
Article provided and which at all reasonable times shall be open for inspection
by the Trustee. The registrar for the purpose of registering Securities and
transfer of Securities as herein provided shall be appointed as authorized by
Board Resolution (the “Security Registrar”). Upon surrender for transfer of any
Security at the office or agency of the Company designated for such purpose, the
Company shall execute, the Trustee shall authenticate and such office or agency
shall deliver in the name of the transferee or transferees a new Security or
Securities of the same series as the Security presented for a like aggregate
principal amount. All Securities presented or surrendered for exchange or
registration of transfer, as provided in this Section, shall be accompanied (if
so required by the Company or the Security Registrar) by a written instrument or
instruments of transfer, in form satisfactory to the Company or the Security
Registrar, duly executed by the registered Holder or by such Holder’s duly
authorized attorney in writing.

     

    (c)       No
service charge shall be made for any exchange or registration of transfer of
Securities, or issue of new Securities in case of partial redemption of any
series, but the Company may require payment of a sum sufficient to cover any tax
or other governmental charge in relation thereto, other than exchanges pursuant
to Section 2.06, Section 3.03(b) and Section 9.04 not involving any transfer.
The Company shall not be required (i) to issue, exchange or register the
transfer of any Securities during a period beginning at the opening of business
15 days before the day of the mailing of a notice of redemption of less than all
the Outstanding Securities of the same series and ending at the close of
business on the day of such mailing, nor (ii) to register the transfer of or
exchange any Securities of any series or portions thereof called for redemption.
The provisions of this Section 2.05 are, with respect to any Global Security,
subject to Section 2.11 hereof.

    
      
         

      

      
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    SECTION
2.06  TEMPORARY SECURITIES.

     

    Pending
the preparation of definitive Securities of any series, the Company may execute,
and the Trustee shall authenticate and deliver, temporary Securities (printed,
lithographed or typewritten) of any authorized denomination. Such temporary
Securities shall be substantially in the form of the definitive Securities in
lieu of which they are issued, but with such omissions, insertions and
variations as may be appropriate for temporary Securities, all as may be
determined by the Company. Every temporary Security of any series shall be
executed by the Company and be authenticated by the Trustee upon the same
conditions and in substantially the same manner, and with like effect, as the
definitive Securities of such series. Without unnecessary delay the Company will
execute and will furnish definitive Securities of such series and thereupon any
or all temporary Securities of such series may be surrendered in exchange
therefor (without charge to the Holders), at the office or agency of the Company
designated for the purpose in [_____________], and the Trustee shall
authenticate and such office or agency shall deliver in exchange for such
temporary Securities an equal aggregate principal amount of definitive
Securities of such series, unless the Company advises the Trustee to the effect
that definitive Securities need not be executed and furnished until further
notice from the Company. Until so exchanged, the temporary Securities of such
series shall be entitled to the same benefits under this Indenture as definitive
Securities of such series authenticated and delivered hereunder.

     

    SECTION
2.07  MUTILATED, DESTROYED, LOST OR STOLEN SECURITIES.

     

    In case
any temporary or definitive Security shall become mutilated or be destroyed,
lost or stolen, the Company (subject to the next succeeding sentence) shall
execute, and upon the Company’s request the Trustee (subject as aforesaid) shall
authenticate and deliver, a new Security of the same series, bearing a number
not contemporaneously outstanding, in exchange and substitution for the
mutilated Security, or in lieu of and in substitution for the Security so
destroyed, lost or stolen. In every case the applicant for a substituted
Security shall furnish to the Company and the Trustee such security or indemnity
as may be required by them to save each of them harmless, and, in every case of
destruction, loss or theft, the applicant shall also furnish to the Company and
the Trustee evidence to their satisfaction of the destruction, loss or theft of
the applicant’s Security and of the ownership thereof. The Trustee may
authenticate any such substituted Security and deliver the same upon the written
request or authorization of any officer of the Company. Upon the issuance of any
substituted Security, the Company may require the payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trustee)
connected therewith. In case any Security that has matured or is about to mature
shall become mutilated or be destroyed, lost or stolen, the Company may, instead
of issuing a substitute Security, pay or authorize the payment of the same
(without surrender thereof except in the case of a mutilated Security) if the
applicant for such payment shall furnish to the Company and the Trustee such
security or indemnity as they may require to save them harmless, and, in case of
destruction, loss or theft, evidence to the satisfaction of the Company and the
Trustee of the destruction, loss or theft of such Security and of the ownership
thereof. Every replacement Security issued pursuant to the provisions of this
Section shall constitute an additional contractual obligation of the Company
whether or not the mutilated, destroyed, lost or stolen Security shall be found
at any time, or be enforceable by anyone, and shall be entitled to all the
benefits of this Indenture equally and proportionately with any and all other
Securities of the same series duly issued hereunder. All Securities shall be
held and owned upon the express condition that the foregoing provisions are
exclusive with respect to the replacement or payment of mutilated, destroyed,
lost or stolen Securities, and shall preclude (to the extent lawful) any and all
other rights or remedies, notwithstanding any law or statute existing or
hereafter enacted to the contrary with respect to the replacement or payment of
negotiable instruments or other securities without their surrender.

     

    SECTION
2.08  CANCELLATION.

     

    All
Securities surrendered for the purpose of payment, redemption, exchange or
registration of transfer shall, if surrendered to the Company or any paying
agent, be delivered to the Trustee for cancellation, or, if surrendered to the
Trustee, shall be cancelled by it, and no Securities shall be issued in lieu
thereof except as expressly required or permitted by any of the provisions of
this Indenture. On request of the Company at the time of such surrender, the
Trustee shall deliver to the Company canceled Securities held by the Trustee. In
the absence of such request the Trustee may dispose of canceled Securities in
accordance with its standard procedures and deliver a certificate of disposition
to the Company. If the Company shall otherwise acquire any of the Securities,
however, such acquisition shall not operate as a redemption or satisfaction of
the indebtedness represented by such Securities unless and until the same are
delivered to the Trustee for cancellation.

    
      
         

      

      
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    SECTION
2.09  BENEFITS OF INDENTURE.

     

    Nothing
in this Indenture or in the Securities, express or implied, shall give or be
construed to give to any Person, other than the parties hereto and the Holders
of the Securities (and, with respect to the provisions of Article XIV, the
holders of Senior Indebtedness) any legal or equitable right, remedy or claim
under or in respect of this Indenture, or under any covenant, condition or
provision herein contained; all such covenants, conditions and provisions being
for the sole benefit of the parties hereto and of the Holders of the Securities
(and, with respect to the provisions of Article XIV, the holder of Senior
Indebtedness).

     

    SECTION
2.10  AUTHENTICATING AGENT.

     

    So long
as any of the Securities of any series remain Outstanding there may be an
Authenticating Agent for any or all such series of Securities which the Trustee
shall have the right to appoint. Said Authenticating Agent shall be authorized
to act on behalf of the Trustee to authenticate Securities of such series issued
upon exchange, transfer or partial redemption thereof, and Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be
valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. All references in this Indenture to the authentication of Securities
by the Trustee shall be deemed to include authentication by an Authenticating
Agent for such series. Each Authenticating Agent shall be acceptable to the
Company and shall be a corporation that has a combined capital and surplus, as
most recently reported or determined by it, sufficient under the laws of any
jurisdiction under which it is organized or in which it is doing business to
conduct a trust business, and that is otherwise authorized under such laws to
conduct such business and is subject to supervision or examination by federal or
state authorities. If at any time any Authenticating Agent shall cease to be
eligible in accordance with these provisions, it shall resign immediately. Any
Authenticating Agent may at any time resign by giving written notice of
resignation to the Trustee and to the Company. The Trustee may at any time (and
upon request by the Company shall) terminate the agency of any Authenticating
Agent by giving written notice of termination to such Authenticating Agent and
to the Company. Upon resignation, termination or cessation of eligibility of any
Authenticating Agent, the Trustee may appoint an eligible successor
Authenticating Agent acceptable to the Company. Any successor Authenticating
Agent, upon acceptance of its appointment hereunder, shall become vested with
all the rights, powers and duties of its predecessor hereunder as if originally
named as an Authenticating Agent pursuant hereto. Any corporation into which an
Authenticating Agent may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which such Authenticating Agent shall be a party, or any
corporation succeeding to the corporate agency or corporate trust business of an
Authenticating Agent, shall continue to be an Authenticating Agent, provided
that such corporation shall be otherwise eligible under this Section, without
the execution or filing of any paper or any further act on the part of the
Trustee or the Authenticating Agent.

     

    SECTION
2.11  GLOBAL SECURITIES.

     

    (a)       If
the Company shall establish pursuant to Section 2.01 that the Securities of a
particular series are to be issued as a Global Security, then the Company shall
execute and the Trustee shall, in accordance with Section 2.04, authenticate and
deliver, a Global Security that

     

    (1)         shall
represent, and shall be denominated in an amount equal to the aggregate
principal amount of, all or a portion of the Outstanding Securities of such
series,

     

    (2)         shall
be registered in the name of the Depositary or its nominee,

     

    (3)         shall
be delivered by the Trustee to the Depositary or pursuant to the Depositary’s
instruction, and

     

    (4)         shall
bear a legend substantially to the following effect: “Except as otherwise
provided in Section 2.11 of the Indenture, this Security may be transferred, in
whole but not in part, only to the Depositary, another nominee of the Depositary
or to a successor Depositary or to a nominee of such successor
Depositary.”

     

    (b)      Notwithstanding
the provisions of Section 2.05, the Global Security of a series may be
transferred, in whole but not in part and in the manner provided in Section
2.05, only to the Depositary for such series, another nominee of the Depositary
for such series, or to a successor Depositary for such series selected or
approved by the Company or to a nominee of such successor
Depositary.

    
      
         

      

      
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    (c)       If
at any time the Depositary for a series of the Securities notifies the Company
that it is unwilling or unable to continue as Depositary for such series or if
at any time the Depositary for such series shall no longer be registered or in
good standing under the Exchange Act, or other applicable statute or regulation,
and a successor Depositary for such series is not appointed by the Company
within 90 days after the Company receives such notice or becomes aware of such
condition, as the case may be, this Section 2.11 shall no longer be applicable
to the Securities of such series and the Company will execute, and subject to
Section 2.05, the Trustee will authenticate and deliver the Securities of such
series in definitive registered form without coupons, in authorized
denominations, and in an aggregate principal amount equal to the principal
amount of the Global Security of such series in exchange for such Global
Security. In addition, the Company may at any time determine that the Securities
of any series shall no longer be represented by a Global Security and that the
provisions of this Section 2.11 shall no longer apply to the Securities of such
series. In such event the Company will execute and subject to Section 2.05, the
Trustee, upon receipt of an Officers’ Certificate evidencing such determination
by the Company, will authenticate and deliver the Securities of such series in
definitive registered form without coupons, in authorized denominations, and in
an aggregate principal amount equal to the principal amount of the Global
Security of such series in exchange for such Global Security. Upon the exchange
of the Global Security for such Securities in definitive registered form without
coupons, in authorized denominations, the Global Security shall be canceled by
the Trustee. Such Securities in definitive registered form issued in exchange
for the Global Security pursuant to this Section 2.11(c) shall be registered in
such names and in such authorized denominations as the Depositary, pursuant to
instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee. The Trustee shall deliver such Securities to the
Depositary for delivery to the Persons in whose names such Securities are so
registered.

     

    (d)      None
of the Trustee, the Security Registrar or any paying agent shall have any
responsibility or obligation to any beneficial owner in a Global Security, a
member of, or a participant in the Depositary or other Person with respect to
the accuracy of the records of the Depositary or its nominee or of any
participant or member thereof, with respect to any ownership interest in the
Securities or with respect to the delivery to any participant, member,
beneficial owner or other Person (other than the Depositary) of any notice
(including any notice of redemption) or the payment of any amount, under or with
respect to such Securities. All notices and communications to be given to the
Securityholders and all payments to be made to Securityholders under the
Securities and this Indenture shall be given or made only to or upon the order
of the registered holders (which shall be the Depositary or its nominee in the
case of the Global Security). The rights of beneficial owners in the Global
Security shall be exercised only through the Depositary subject to the
applicable procedures. The Trustee, the Security Registrar and any paying agent
shall be entitled to rely and shall be fully protected in relying upon
information furnished by the Depositary with respect to its members,
participants and any beneficial owners. The Trustee, the Security Registrar and
any paying agent shall be entitled to deal with any depositary (including the
Depositary), and any nominee thereof, that is the registered holder of any
Global Security for all purposes of this Indenture relating to such Global
Security (including the payment of principal, premium, if any, and interest and
additional amounts, if any, and the giving of instructions or directions by or
to the owner or holder of a beneficial ownership interest in such Global
Security) as the sole holder of such Global Security and shall have no
obligations to the beneficial owners thereof. None of the Trustee, the Security
Registrar or any paying agent shall have any responsibility or liability for any
acts or omissions of any such depositary with respect to such Global Security,
for the records of any such depositary, including records in respect of
beneficial ownership interests in respect of any such Global Security, for any
transactions between such depositary and any participant in such depositary or
between or among any such depositary, any such participant and/or any holder or
owner of a beneficial interest in such Global Security, or for any transfers of
beneficial interests in any such Global Security.

     

    Notwithstanding
the foregoing, with respect to any Global Security, nothing herein shall prevent
the Company, the Trustee, the Security Registrar, any paying agent, or any other
agent of the Company or any agent of the Trustee, from giving effect to any
written certification, proxy or other authorization furnished by any depositary
(including the Depositary), as a Securityholder, with respect to such Global
Security or impair, as between such depositary and owners of beneficial
interests in such Global Security, the operation of customary practices
governing the exercise of the rights of such depositary (or its nominee) as
Holder of such Global Security.

    
      
         

      

      
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    ARTICLE
III

    REDEMPTION
OF SECURITIES AND SINKING FUND PROVISIONS

     

    SECTION
3.01  REDEMPTION.

     

    The
Company may redeem the Securities of any series issued hereunder on and after
the dates and in accordance with the terms established for such series pursuant
to Section 2.01 hereof.

     

    SECTION
3.02  NOTICE OF REDEMPTION.

     

    (a)       In
case the Company shall desire to exercise such right to redeem all or, as the
case may be, a portion of the Securities of any series in accordance with the
right reserved so to do, the Company shall (upon five Business Days prior notice
to the Trustee, unless a shorter notice period shall be acceptable to the
Trustee), or shall cause the Trustee to, give notice of such redemption to
Holders of the Securities of such series to be redeemed by mailing, first class
postage prepaid, a notice of such redemption not less than 30 days and not more
than 90 days before the date fixed for redemption of that series to such Holders
at their last addresses as they shall appear upon the Security Register unless a
shorter period is specified in the Securities to be redeemed. Any notice that is
mailed in the manner herein provided shall be conclusively presumed to have been
duly given, whether or not the registered Holder receives the notice. In any
case, failure duly to give such notice to the Holder of any Security of any
series designated for redemption in whole or in part, or any defect in the
notice, shall not affect the validity of the proceedings for the redemption of
any other Securities of such series or any other series. In the case of any
redemption of Securities prior to the expiration of any restriction on such
redemption provided in the terms of such Securities or elsewhere in this
Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with any such restriction. Each such notice of redemption
shall specify the date fixed for redemption and the redemption price at which
Securities of that series are to be redeemed, and shall state that payment of
the redemption price of such Securities to be redeemed will be made at the
office or agency of the Company in [_____________], upon presentation and
surrender of such Securities, that interest accrued to the date fixed for
redemption will be paid as specified in said notice, that from and after said
date interest will cease to accrue and that the redemption is for a sinking
fund, if such is the case. If less than all the Securities of a series are to be
redeemed, the notice to the Holders of Securities of that series to be redeemed
in whole or in part shall specify the particular Securities to be so redeemed.
In case any Security is to be redeemed in part only, the notice that relates to
such Security shall state the portion of the principal amount thereof to be
redeemed, and shall state that on and after the redemption date, upon surrender
of such Security, a new Security or Securities of such series in principal
amount equal to the unredeemed portion thereof will be issued.

     

    If less
than all the Securities of a series are to be redeemed, the Company shall give
the Trustee at least 45 days’ notice in advance of the date fixed for redemption
as to the aggregate principal amount of Securities of the series to be redeemed,
and thereupon the Trustee shall select, by lot or in such other manner as it
shall deem appropriate and fair in its discretion and that may provide for the
selection of a portion or portions (equal to one thousand U.S. dollars ($1,000)
or any integral multiple thereof) of the principal amount of such Securities of
a denomination larger than $1,000, the Securities to be redeemed and shall
thereafter promptly notify the Company in writing of the numbers of the
Securities to be redeemed, in whole or in part. The Company may, if and whenever
it shall so elect, by delivery of instructions signed on its behalf by its
President or any Vice President, instruct the Trustee or any paying agent to
call all or any part of the Securities of a particular series for redemption and
to give notice of redemption in the manner set forth in this Section, such
notice to be in the name of the Company or its own name as the Trustee or such
paying agent as it may deem advisable. In any case in which notice of redemption
is to be given by the Trustee or any such paying agent, the Company shall
deliver or cause to be delivered to, or permit to remain with, the Trustee or
such paying agent, as the case may be, such Security Register, transfer books or
other records, or suitable copies or extracts therefrom, sufficient to enable
the Trustee or such paying agent to give any notice by mail that may be required
under the provisions of this Section.

    
      
         

      

      
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    SECTION
3.03  PAYMENT UPON REDEMPTION.

     

    (a)      If
the giving of notice of redemption shall have been completed as above provided,
the Securities or portions of Securities of the series to be redeemed specified
in such notice shall become due and payable on the date and at the place stated
in such notice at the applicable redemption price, together with interest
accrued to the date fixed for redemption and interest on such Securities or
portions of Securities shall cease to accrue on and after the date fixed for
redemption, unless the Company shall default in the payment of such redemption
price and accrued interest with respect to any such Security or portion thereof.
On presentation and surrender of such Securities on or after the date fixed for
redemption at the place of payment specified in the notice, said Securities
shall be paid and redeemed at the applicable redemption price for such series,
together with interest accrued thereon to the date fixed for redemption (but if
the date fixed for redemption is an Interest Payment Date, the interest
installment payable on such date shall be payable to the registered Holder at
the close of business on the applicable record date pursuant to Section
2.03).

     

    (b)      Upon
presentation of any Security of such series that is to be redeemed in part only,
the Company shall execute and the Trustee shall authenticate and the office or
agency where the Security is presented shall deliver to the Holder thereof, at
the expense of the Company, a new Security of the same series of authorized
denominations in principal amount equal to the unredeemed portion of the
Security so presented.

     

    SECTION
3.04  SINKING FUND.

     

    The
provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any sinking
fund for the retirement of Securities of a series, except as otherwise specified
as contemplated by Section 2.01 for Securities of such series. The minimum
amount of any sinking fund payment provided for by the terms of Securities of
any series is herein referred to as a “mandatory sinking fund payment,” and any
payment in excess of such minimum amount provided for by the terms of Securities
of any series is herein referred to as an “optional sinking fund payment”. If
provided for by the terms of Securities of any series, the cash amount of any
sinking fund payment may be subject to reduction as provided in Section 3.05.
Each sinking fund payment shall be applied to the redemption of Securities of
any series as provided for by the terms of Securities of such
series.

     

    SECTION
3.05  SATISFACTION OF SINKING FUND PAYMENTS WITH
SECURITIES.

     

    The
Company,

     

    (1)         may
deliver Outstanding Securities of a series (other than any Securities previously
called for redemption) and

     

    (2)         may
apply as a credit Securities of a series that have been redeemed either at the
election of the Company pursuant to the terms of such Securities or through the
application of permitted optional sinking fund payments pursuant to the terms of
such Securities, in each case in satisfaction of all or any part of any sinking
fund payment with respect to the Securities of such series required to be made
pursuant to the terms of such Securities as provided for by the terms of such
series, provided that such Securities have not been previously so credited. Such
Securities shall be received and credited for such purpose by the Trustee at the
redemption price specified in such Securities for redemption through operation
of the sinking fund and the amount of such sinking fund payment shall be reduced
accordingly.

     

    SECTION
3.06  REDEMPTION OF SECURITIES FOR SINKING FUND.

     

    Not less
than 45 days prior to each sinking fund payment date for any series of
Securities, the Company will deliver to the Trustee an Officers’ Certificate
specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of the series, the portion thereof, if any, that is to be
satisfied by delivering and crediting Securities of that series pursuant to
Section 3.05 and the basis for such credit and will, together with such
Officers’ Certificate, deliver to the Trustee any Securities to be so delivered.
Not less than 30 days before each such sinking fund payment date the Trustee
shall select the Securities to be redeemed upon such sinking fund payment date
in the manner specified in Section 3.02 and cause notice of the redemption
thereof to be given in the name of and at the expense of the Company in the
manner provided in Section 3.02. Such notice having been duly given, the
redemption of such Securities shall be made upon the terms and in the manner
stated in Section 3.03.

    
      
         

      

      
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    ARTICLE
IV

    COVENANTS

     

    SECTION
4.01  PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST.

     

    The
Company will duly and punctually pay or cause to be paid the principal of (and
premium, if any) and interest on the Securities of each series at the time and
place and in the manner provided herein and established with respect to such
Securities.

     

    SECTION
4.02  MAINTENANCE OF OFFICE OR AGENCY.

     

    So long
as any series of the Securities remain Outstanding, the Company agrees to
maintain an office or agency in [_____________], with respect to each such
series and at such other location or locations as may be designated as provided
in this Section 4.02, where (i) Securities of that series may be presented for
payment, (ii) Securities of that series may be presented as herein above
authorized for registration of transfer and exchange, and (iii) notices and
demands to or upon the Company in respect of the Securities of that series and
this Indenture may be given or served, such designation to continue with respect
to such office or agency until the Company shall, by written notice signed by
its President or a Vice President and delivered to the Trustee, designate some
other office or agency in [_____________] for such purposes or any of them. If
at any time the Company shall fail to maintain any such required office or
agency or shall fail to furnish the Trustee with the address thereof, such
presentations, notices and demands may be made or served at the Corporate Trust
Office of the Trustee, and the Company hereby appoints the Trustee as its agent
to receive all such presentations, notices and demands.

     

    The
Company may also from time to time designate one or more other offices or
agencies where the Securities of one or more series may be presented or
surrendered for any or all such purposes and may from time to time rescind such
designations; provided, however, that no such designation or rescission shall in
any manner relieve the Company of its obligation to maintain an office or agency
in [_____________] for Securities of any series for such purposes. The Company
will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or
agency.

     

    SECTION
4.03  PAYING AGENTS.

     

    (a)      If
the Company shall appoint one or more paying agents for all or any series of the
Securities, other than the Trustee, the Company will cause each such paying
agent to execute and deliver to the Trustee an instrument in which such agent
shall agree with the Trustee, subject to the provisions of this
Section:

     

    (1)         that
it will hold all sums or property held by it as such agent for the payment of
the principal of (and premium, if any) or interest on the Securities of that
series (whether such sums or property have been paid to it by the Company or by
any other obligor of such Securities) in trust for the benefit of the Persons
entitled thereto;

     

    (2)         that
it will give the Trustee notice of any failure by the Company (or by any other
obligor of such Securities) to make any payment of the principal of (and
premium, if any) or interest on the Securities of that series when the same
shall be due and payable;

     

    (3)         that
it will, at any time during the continuance of any failure referred to in the
preceding paragraph (a)(2) above, upon the written request of the Trustee,
forthwith pay to the Trustee all sums or property so held in trust by such
paying agent; and

     

    (4)         that
it will perform all other duties of paying agent as set forth in this
Indenture.

     

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

    
      
         

      

      
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    (c)      Notwithstanding
anything in this Section to the contrary,

     

    (1)         the
agreement to hold sums or property in trust as provided in this Section is
subject to the provisions of Section 11.05, and

     

    (2)         the
Company may at any time, for the purpose of obtaining the satisfaction and
discharge of this Indenture or for any other purpose, pay, or direct any paying
agent to pay, to the Trustee all sums or property held in trust by the Company
or such paying agent, such sums or property to be held by the Trustee upon the
same terms and conditions as those upon which such sums or property were held by
the Company or such paying agent; and, upon such payment by any paying agent to
the Trustee, such paying agent shall be released from all further liability with
respect to such money or property.

     

    SECTION
4.04  APPOINTMENT TO FILL VACANCY IN OFFICE OF TRUSTEE.

     

    The
Company, whenever necessary to avoid or fill a vacancy in the office of Trustee,
will appoint, in the manner provided in Section 7.11, a Trustee, so that there
shall at all times be a Trustee hereunder.

     

    SECTION
4.05  COMPLIANCE WITH CONSOLIDATION PROVISIONS.

     

    The
Company will not, while any of the Securities remain Outstanding, consolidate
with or merge into any other Person, in either case where the Company is not the
survivor of such transaction, or sell, convey, transfer or otherwise dispose of
its property as an entirety or substantially as an entirety, to any other Person
unless the provisions of Article X hereof are complied with.

     

    SECTION
4.06  STATEMENT BY OFFICERS AS TO DEFAULT.

     

    The
Company will deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officers’ Certificate, stating whether or not to
the best knowledge of the signer thereof the Company is in default in the
performance and observance of any of the terms, provisions and conditions of
this Indenture (without regard to any period of grace or requirement of notice
provided hereunder) and, if the Company shall be in default, specifying all such
defaults and the nature and status thereof of which such signer may have
knowledge.

     

    ARTICLE
V

    SECURITYHOLDERS’
LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

     

    SECTION
5.01  COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF
SECURITYHOLDERS.

     

    The
Company will furnish or cause to be furnished to the Trustee:

     

    (1)         not
more than 15 days after each regular record date (as defined in Section 2.03) a
list, in such form as the Trustee may reasonably require, of the names and
addresses of the Holders of each series of Securities as of such regular record
date, provided that the Company shall not be obligated to furnish or cause to
furnish such list at any time that the list shall not differ in any respect from
the most recent list furnished to the Trustee by the Company; and

     

    (2)         at
such other times as the Trustee may request in writing within 30 days after the
receipt by the Company of any such request, a list of similar form and content
as of a date not more than 15 days prior to the time such list is furnished;
provided, however, that, in either case, no such list need be furnished for any
series for which the Trustee shall be the Security Registrar.

     

    SECTION
5.02  PRESERVATION OF INFORMATION; COMMUNICATIONS WITH
SECURITYHOLDERS.

     

    (a)      The
Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the Holders of Securities contained
in the most recent list furnished to it as provided in Section 5.01 and as to
the names and addresses of Holders of Securities received by the Trustee in its
capacity as Security Registrar (if acting in such capacity).

    
      
         

      

      
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    (b)      The
Trustee may destroy any list furnished to it as provided in Section 5.01 upon
receipt of a new list so furnished.

     

    (c)       Securityholders
may communicate as provided in Section 312(b) of the Trust Indenture Act with
other Securityholders with respect to their rights under this Indenture or under
the Securities.

     

    SECTION
5.03  REPORTS BY THE COMPANY.

     

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

     

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

     

    (c)       The
Company covenants and agrees to transmit by mail, first class postage prepaid,
or reputable overnight delivery service that provides for evidence of receipt,
to the Securityholders, as their names and addresses appear upon the Security
Register, within 30 days after the filing thereof with the Trustee, such
summaries of any information, documents and reports required to be filed by the
Company pursuant to subsections (a) and (b) of this Section as may be required
by rules and regulations prescribed from time to time by the
Commission.

     

    (d)      Delivery
of reports, information and documents to the Trustee under this Section 5.03 is
for informational purposes only and the Trustee’s receipt of the foregoing shall
not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company’s
compliance with any of its respective covenants hereunder (as to which the
Trustee is entitled to rely exclusively on Officers’ Certificates, except as
otherwise provided herein).

     

    SECTION
5.04  REPORTS BY THE TRUSTEE.

     

    (a)       On
or before July 15 in each year in which any of the Securities are Outstanding,
the Trustee shall transmit by mail, first class postage prepaid, to the
Securityholders, as their names and addresses appear upon the Security Register,
a brief report dated as of the preceding May 15, if and to the extent required
under Section 313(a) of the Trust Indenture Act.

     

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

     

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

     

    ARTICLE
VI

    REMEDIES
OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

     

    SECTION
6.01  EVENTS OF DEFAULT.

     

    (a)      Whenever
used herein with respect to Securities of a particular series, “Event of
Default” means any one or more of the following events that has occurred and is
continuing (whatever the reason for such Event of Default and whether it shall
be occasioned by the subordination provisions of Article XIV or other
subordination provisions applicable to a series of Securities or be voluntary or
involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any
administrative or governmental body):

    
      
         

      

      
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    (1)       the
Company defaults in the payment of any installment of interest upon any of the
Securities of that series, as and when the same shall become due and payable,
and continuance of such default for a period of 90 days; provided, however, that
a valid extension of an interest payment period by the Company in accordance
with the terms of any indenture supplemental hereto shall not constitute a
default in the payment of interest for this purpose;

     

    (2)       the
Company defaults in the payment of the principal of (or premium, if any, on) any
of the Securities of that series as and when the same shall become due and
payable whether at maturity, upon redemption, by declaration or otherwise, or in
any payment required by any sinking or analogous fund established with respect
to that series; provided, however, that a valid extension of the maturity of
such Securities in accordance with the terms of any indenture supplemental
hereto shall not constitute a default in the payment of principal or premium, if
any;

     

    (3)     
 the Company fails to observe or perform any other of its covenants or
agreements with respect to that series contained in this Indenture or otherwise
established with respect to that series of Securities pursuant to Section 2.01
hereof (other than a covenant or agreement that has been expressly included in
this Indenture solely for the benefit of one or more series of Securities other
than such series) for a period of 90 days after the date on which written notice
of such failure, requiring the same to be remedied and stating that such notice
is a “Notice of Default” hereunder, shall have been given to the Company by the
Trustee, by registered or certified mail, or to the Company and the Trustee by
the Holders of at least 25% in principal amount of the Securities of that series
at the time Outstanding;

     

    (4)       the
Company pursuant to or within the meaning of any Bankruptcy Law

     

    (i)           commences
a voluntary case,

     

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

     

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

     

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

     

    (5)       a
court of competent jurisdiction enters an order under any Bankruptcy Law
that

     

    (i)           is
for relief against the Company in an involuntary case,

     

    (ii)          appoints
a Custodian of the Company for all or substantially all of its property,
or

     

    (iii)         orders
the liquidation of the Company, and the order remains unstayed and in effect for
90 days.

     

    (b)    In
each and every such case, unless the principal of all the Securities of that
series shall have already become due and payable, either the Trustee or the
Holders of not less than 25% in aggregate principal amount of the Securities of
that series then Outstanding hereunder, by notice in writing to the Company (and
to the Trustee if given by such Securityholders), may declare the principal of
all the Securities of that series to be due and payable immediately, and upon
any such declaration the same shall become and shall be immediately due and
payable, notwithstanding anything contained in this Indenture or in the
Securities of that series or established with respect to that series pursuant to
Section 2.01 to the contrary.

     

    (c)    At
any time after the principal of the Securities of that series shall have been so
declared due and payable, and before any judgment or decree for the payment of
the moneys due shall have been obtained or entered as hereinafter provided, the
Holders of a majority in aggregate principal amount of the Securities of that
series then Outstanding hereunder, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences
if:

    
      
         

      

      
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    (i)           the
Company has paid or deposited with the Trustee a sum or property sufficient to
pay all matured installments of interest upon all the Securities of that series
and the principal of (and premium, if any, on) any and all Securities of that
series that shall have become due otherwise than by acceleration (with interest
upon such principal and premium, if any, and, to the extent that such payment is
enforceable under applicable law, upon overdue installments of interest, at the
rate per annum expressed in the Securities of that series to the date of such
payment or deposit) and the amount payable to the Trustee under Section 7.07,
and

     

    (ii)          any
and all Events of Default under the Indenture with respect to such series, other
than the nonpayment of principal on Securities of that series that shall not
have become due by their terms, shall have been remedied or waived as provided
in Section 6.06. No such rescission and annulment shall extend to or shall
affect any subsequent default or impair any right consequent
thereon.

     

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

     

    SECTION
6.02  COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY
TRUSTEE.

     

    (a)    The
Company covenants that

     

    (i)           in
case it shall default in the payment of any installment of interest on any of
the Securities of a series, as and when the same shall have become due and
payable, and such default shall have continued for a period of 90 days,
or

     

    (ii)          in
case it shall default in the payment of the principal of (or premium, if any,
on) any of the Securities of a series when the same shall have become due and
payable, whether upon maturity of the Securities of a series or upon redemption
or upon declaration, pursuant to any sinking or analogous fund established with
respect to that series or otherwise, then, upon demand of the Trustee, the
Company will pay to the Trustee, for the benefit of the Holders of the
Securities of that series, the whole amount that then shall have been become due
and payable on all such Securities for principal (and premium, if any) or
interest, or both, as the case may be, with interest upon the overdue principal
(and premium, if any) and (to the extent that payment of such interest is
enforceable under applicable law) upon overdue installments of interest at the
rate per annum expressed in the Securities of that series; and, in addition
thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, and the amount payable to the Trustee under Section
7.07.

     

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

     

    (c)    In
case of any receivership, insolvency, liquidation, bankruptcy, reorganization,
readjustment, arrangement, composition or judicial proceedings affecting the
Company, or its creditors or property, the Trustee shall have power to intervene
in such proceedings and take any action therein that may be permitted by the
court and shall (except as may be otherwise provided by law) be entitled to file
such proofs of claim and other papers and documents as may be necessary or
advisable in order to have the claims of the Trustee and of the Holders of
Securities of such series allowed for the entire amount due and payable by the
Company under the Indenture at the date of institution of such proceedings and
for any additional amount that may become due and payable by the Company after
such date, and to collect and receive any moneys or other property payable or
deliverable on any such claim, and to distribute the same after the deduction of
the amount payable to the Trustee under Section 7.07; and any receiver, assignee
or trustee in bankruptcy or reorganization is hereby authorized by each of the
Holders of Securities of such series to make such payments to the Trustee, and,
in the event that the Trustee shall consent to the making of such payments
directly to such Securityholders, to pay to the Trustee any amount due it under
Section 7.07.

    
      
         

      

      
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    (d)    All
rights of action and of asserting claims under this Indenture, or under any of
the terms established with respect to Securities of that series, may be enforced
by the Trustee without the possession of any of such Securities, or the
production thereof at any trial or other proceeding relative thereto, and any
such suit or proceeding instituted by the Trustee shall be brought in its own
name as trustee of an express trust, and any recovery of judgment shall, after
provision for payment to the Trustee of any amounts due under Section 7.07, be
for the ratable benefit of the Holders of the Securities of such series. In case
of an Event of Default hereunder, the Trustee may in its discretion proceed to
protect and enforce the rights vested in it by this Indenture by such
appropriate judicial proceedings as the Trustee shall deem most effectual to
protect and enforce any of such rights, either at law or in equity or in
bankruptcy or otherwise, whether for the specific enforcement of any covenant or
agreement contained in the Indenture or in aid of the exercise of any power
granted in this Indenture, or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law. Nothing contained herein
shall be deemed to authorize the Trustee to authorize or consent to or accept or
adopt on behalf of any Securityholder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities of that series or the rights
of any Holder thereof or to authorize the Trustee to vote in respect of the
claim of any Securityholder in any such proceeding.

     

    SECTION
6.03  APPLICATION OF MONEYS COLLECTED.

     

    Any
moneys collected by the Trustee pursuant to this Article with respect to a
particular series of Securities and any money or other property distributable in
respect of the company’s obligations under this Indenture after an Event of
Default shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such moneys on account of
principal (or premium, if any) or interest, upon presentation of the Securities
of that series, and notation thereon of the payment, if only partially paid, and
upon surrender thereof if fully paid:

     

    FIRST: To
the payment of costs and expenses of collection and of all amounts payable to
the Trustee (including any predecessor Trustee) under Section 7.07;

     

    SECOND:
To the payment of all Senior Indebtedness of the Company if and to the extent
required by Article XIV or other subordination provisions applicable with
respect to such series; and

     

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

     

    SECTION
6.04  LIMITATION ON SUITS.

     

    No Holder
of any Security of any series shall have any right by virtue or by availing of
any provision of this Indenture to institute any suit, action or proceeding in
equity or at law upon or under or with respect to this Indenture or for the
appointment of a receiver or trustee, or for any other remedy hereunder,
unless

     

    (1)         such
Holder previously shall have given to the Trustee written notice of an Event of
Default and of the continuance thereof with respect to the Securities of such
series specifying such Event of Default, as hereinbefore provided;

     

    (2)         the
Holders of not less than 25% in aggregate principal amount of the Securities of
such series then Outstanding shall have made written request upon the Trustee to
institute such action, suit or proceeding in its own name as trustee
hereunder;

     

    (3)         such
Holder or Holders shall have offered to the Trustee such reasonable indemnity as
it may require against the costs, expenses and liabilities to be incurred
therein or thereby; and

     

    (4)         the
Trustee for 60 days after its receipt of such notice, request and offer of
indemnity, shall have failed to institute any such action, suit or proceeding
and

    
      
         

      

      
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    (5)         during
such 60 day period, the Holders of a majority in principal amount of the
Securities of that series do not give the Trustee a direction inconsistent with
the request.

     

    Notwithstanding
anything contained herein to the contrary, the right of any Holder of any
Security to receive payment of the principal of (and premium, if any) and
interest on such Security, as therein provided, on the respective due dates
expressed in such Security (or in the case of redemption, on the redemption
date), or to institute suit for the enforcement of any such payment on or after
such respective dates or redemption date, shall not be impaired or affected
without the consent of such Holder and by accepting a Security hereunder it is
expressly understood, intended and covenanted by the taker and Holder of every
Security of such series with every other such taker and Holder and the Trustee,
that no one or more Holders of Securities of such series shall have any right in
any manner whatsoever by virtue or by availing of any provision of this
Indenture to affect, disturb or prejudice the rights of the Holders of any other
of such Securities, or to obtain or seek to obtain priority over or preference
to any other such Holder, or to enforce any right under this Indenture, except
in the manner herein provided and for the equal, ratable and common benefit of
all Holders of Securities of such series. For the protection and enforcement of
the provisions of this Section, each and every Securityholder and the Trustee
shall be entitled to such relief as can be given either at law or in
equity.

     

    SECTION
6.05  RIGHTS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT
WAIVER.

     

    (a)     Except
as otherwise provided in Section 2.07, all powers and remedies given by this
Article to the Trustee or to the Securityholders shall, to the extent permitted
by law, be deemed cumulative and not exclusive of any other powers and remedies
available to the Trustee or the Holders of the Securities, by judicial
proceedings or otherwise, to enforce the performance or observance of the
covenants and agreements contained in this Indenture or otherwise established
with respect to such Securities.

     

    (b)     No
delay or omission of the Trustee or of any Holder of any of the Securities to
exercise any right or power accruing upon any Event of Default occurring and
continuing as aforesaid shall impair any such right or power, or shall be
construed to be a waiver of any such default or on acquiescence therein; and,
subject to the provisions of Section 6.04, every power and remedy given by this
Article or by law to the Trustee or the Securityholders may be exercised from
time to time, and as often as shall be deemed expedient, by the Trustee or by
the Securityholders.

     

    SECTION
6.06  CONTROL BY SECURITYHOLDERS.

     

    The
Holders of a majority in aggregate principal amount of the Securities of any
series at the time Outstanding, determined in accordance with Section 8.01,
shall have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred on the Trustee with respect to such series; provided, however,
that such direction shall not be in conflict with any rule of law or with this
Indenture or be unduly prejudicial to the rights of Holders of Securities of any
other series at the time Outstanding determined in accordance with Section 8.01.
Subject to the provisions of Section 7.01, the Trustee shall have the right to
decline to follow any such direction if the Trustee in good faith shall, by a
Responsible Officer or Officers of the Trustee, determine that the proceeding so
directed would involve the Trustee in personal liability. The Holders of a
majority in aggregate principal amount of the Securities of any series at the
time Outstanding affected thereby, determined in accordance with Section 8.01,
may on behalf of the holders of all of the Securities of such series waive any
past default in the performance of any of the covenants contained herein or
established pursuant to Section 2.01 with respect to such series and its
consequences, except a default in the payment of the principal of (or premium,
if any) or interest on, any of the Securities of that series as and when the
same shall become due by the terms of such Securities otherwise than by
acceleration (unless such default has been cured and a sum or property
sufficient to pay all matured installments of interest and principal and any
premium has been deposited with the Trustee (in accordance with Section 6.01(c))
or in respect of a covenant or provision hereof which under Article IX cannot be
modified or amended without the consent of the Holder of each Outstanding
Security affected. Upon any such waiver, the default covered thereby shall be
deemed to be cured for all purposes of this Indenture and the Company, the
Trustee and the Holders of the Securities of such series shall be restored to
their former positions and rights hereunder, respectively; but no such waiver
shall extend to any subsequent or other default or impair any right consequent
thereon.

    
      
         

      

      
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    SECTION
6.07  UNDERTAKING TO PAY COSTS.

     

    All
parties to this Indenture agree, and each Holder of any Securities by such
Holder’s acceptance thereof shall be deemed to have agreed, that any court may
in its discretion require, in any suit for the enforcement of any right or
remedy under this Indenture, or in any suit against the Trustee for any action
taken or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in such suit, having due regard to the merits and
good faith of the claims or defenses made by such party litigant; but the
provisions of this Section shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Securityholder, or group of
Securityholders, holding more than 10% in aggregate principal amount of the
Outstanding Securities of any series, or to any suit instituted by any
Securityholder for the enforcement of the payment of the principal of (or
premium, if any) or interest on any Security of such series, on or after the
respective due dates expressed in such Security or established pursuant to this
Indenture.

     

    ARTICLE
VII

    CONCERNING
THE TRUSTEE

     

    SECTION
7.01  CERTAIN DUTIES AND RESPONSIBILITIES OF TRUSTEE.

     

    (a)     The
Trustee, prior to the occurrence of an Event of Default with respect to the
Securities of a series and after the curing of all Events of Default with
respect to the Securities of that series that may have occurred, shall undertake
to perform with respect to the Securities of such series such duties and only
such duties as are specifically set forth in this Indenture, and no implied
covenants shall be read into this Indenture against the Trustee. In case an
Event of Default with respect to the Securities of a series has occurred (that
has not been cured or waived), the Trustee shall exercise with respect to
Securities of that series such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his
own affairs.

     

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

     

    (i)           prior
to the occurrence of an Event of Default with respect to the Securities of a
series and after the curing or waiving of all such Events of Default with
respect to that series that may have occurred: the duties and obligations of the
Trustee shall with respect to the Securities of such series be determined solely
by the express provisions of this Indenture, and the Trustee shall not be liable
with respect to the Securities of such series except for the performance of such
duties and obligations as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the
Trustee; and in the absence of bad faith on the part of the Trustee, the Trustee
may with respect to the Securities of such series conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein,
upon any certificates or opinions furnished to the Trustee and conforming to the
requirements of this Indenture; but in the case of any such certificates or
opinions that by any provision hereof are specifically required to be furnished
to the Trustee, the Trustee shall be under a duty to examine the same to
determine whether or not they conform to the requirement of this
Indenture;

     

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

     

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

     

    (iv)      
  this Subsection shall not be construed to limit the effect of
Subsection (c) of this Section 7.01.

     

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

     

    
      
         

      

      
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    (d)     The
Trustee shall not be deemed to have notice of or be charged with having
knowledge of any Default or Event of Default with respect to any series of
Securities, except Events of Default under Section 6.01(a)(1) or (a)(2), if and
so long as it is acting as paying agent with respect to the Securities of such
series, unless written notice of such Default Event or Event of Default, as the
case may be, is received by the Trustee at the Corporate Trust Office of the
Trustee from the Company or any Holder of Securities of such series, and such
notice references the Securities and this Indenture.

     

    (e)     Whether
or not expressly so provided, every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee
shall be subject to the provisions of this Section 7.01.

     

    SECTION
7.02  NOTICE OF DEFAULTS.

     

    If a
Default occurs hereunder with respect to Securities of any series and is known
to a Responsible Officer of the Trustee, the Trustee shall give the Holders of
Securities of such series notice of such Default as and to the extent provided
by the Trust Indenture Act; provided, however, that in the case of any Default
of the character specified in clause (3) of Section 6.01(a) with respect to
Securities of such series, no such notice to Holders shall be given until at
least 30 days after the occurrence thereof.

     

    SECTION
7.03  CERTAIN RIGHTS OF TRUSTEE.

     

    Except as
otherwise provided in Section 7.01:

     

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

     

    (b)     Any
request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by a Board Resolution or an instrument signed in the name
of the Company, by the President or any Vice President and by the Secretary or
an Assistant Secretary or the Treasurer or an Assistant Treasurer thereof
(unless other evidence in respect thereof is specifically prescribed
herein);

     

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

     

    (d)     The
Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the
Securityholders, pursuant to the provisions of this Indenture, unless such
Securityholders shall have offered to the Trustee reasonable security or
indemnity against the costs, expenses and liabilities that may be incurred
therein or thereby; nothing contained herein shall, however, relieve the Trustee
of the obligation, upon the occurrence of an Event of Default with respect to a
series of the Securities (that has not been cured or waived) to exercise with
respect to Securities of that series such of the rights and powers vested in it
by this Indenture, and to use the same degree of care and skill in their
exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs;

     

    (e)     The
Trustee shall not be liable for any action taken or omitted to be taken by it in
good faith and believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Indenture;

     

    (f)      The
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, consent, order, approval, bond, security, or other papers or
documents; and

     

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

    
      
         

      

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

     

    (i)      the
rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and
shall be enforceable by, the Trustee in each of its capacities hereunder, and
each agent, custodian and other Person employed to act hereunder;

     

    (j)      the
Trustee may request that the Company deliver an Officers’ Certificate setting
forth the names of individuals and/or titles of officers authorized at such time
to take specified actions pursuant to this Indenture;

     

    (k)     the
permissive right of the Trustee to take or refrain from taking any actions
enumerated in this Indenture shall not be construed as a duty;

     

    (l)      anything
in this Indenture notwithstanding, in no event shall the Trustee be liable for
special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including but not limited to loss of profit), even if the Company or
Guarantor has been advised as to the likelihood of such loss or damage and
regardless of the form of action;

     

    (m)    the
Trustee shall not be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused,
directly or indirectly, by circumstances beyond its reasonable control,
including, without limitation, acts of God; earthquakes; fire; flood; terrorism;
wars and other military disturbances; sabotage; epidemics; riots; interruptions;
loss or malfunctions of utilities, computer (hardware or software) or
communication services; accidents; labor disputes; acts of civil or military
authority and governmental action.

     

    SECTION
7.04  TRUSTEE NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OR
SECURITIES.

     

    (a)     The
recitals contained herein and in the Securities shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the correctness of
the same.

     

    (b)     The
Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Securities.

     

    (c)     The
Trustee shall not be accountable for the use or application by the Company of
any of the Securities or of the proceeds of such Securities, or for the use or
application of any moneys or property paid over by the Trustee in accordance
with any provision of this Indenture or established pursuant to Section 2.01, or
for the use or application of any moneys or property received by any paying
agent other than the Trustee.

     

    SECTION
7.05  MAY HOLD SECURITIES.

     

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

     

    SECTION
7.06  MONEYS HELD IN TRUST.

     

    Subject
to the provisions of Section 11.05, all moneys or property received by the
Trustee shall, until used or applied as herein provided, be held in trust for
the purposes for which they were received, but need not be segregated from other
funds except to the extent required by law. The Trustee shall be under no
liability for interest on any moneys or property received by it hereunder except
such as it may agree with the Company to pay thereon.

    
      
         

      

      
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    SECTION
7.07  COMPENSATION AND REIMBURSEMENT.

     

    (a)     The
Company covenants and agrees to pay to the Trustee, and the Trustee shall be
entitled to, such reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an express
trust), as the Company, and the Trustee may from time to time agree in writing,
for all services rendered by it in the execution of the trusts hereby created
and in the exercise and performance of any of the powers and duties hereunder of
the Trustee, and, except as otherwise expressly provided herein, the Company
will pay or reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
any of the provisions of this Indenture (including the reasonable compensation
and the expenses and disbursements of its counsel and of all Persons not
regularly in its employ) except any such expense, disbursement or advance as may
arise from its gross negligence or willful misconduct. The Company also
covenants to indemnify the Trustee (and its officers, agents, directors and
employees) for, and to hold it harmless against, any loss, damage, claims
liability or expense incurred without gross negligence or willful misconduct on
the part of the Trustee and arising out of or in connection with the acceptance
or administration of this trust, including the costs and expenses of defending
itself against any claim whether asserted by the Company, any Securityholder or
any other Person or liability including the compensation and expense of counsel
in connection with the exercise or performance of any of its powers or duties
hereunder.

     

    (b)     The
obligations of the Company under this Section to compensate and indemnify the
Trustee and to pay or reimburse the Trustee for expenses, disbursements and
advances shall constitute additional indebtedness hereunder. Such additional
indebtedness shall be secured by a lien prior to that of the Securities upon all
property and funds held or collected by the Trustee as such, except funds held
in trust for the benefit of the Holders of particular Securities.

     

    (c)     To
the extent permitted by law, any compensation due or expense incurred by the
Trustee after a default specified in or pursuant to Section 6.01 is intended to
constitute an expense of administration under any then applicable bankruptcy or
insolvency law. “Trustee” for purposes of this Section 7.07 shall include any
predecessor Trustee but the negligence or bad faith of any Trustee shall not
affect the rights of any other Trustee under this Section 7.07.

     

    (d)     The
provisions of this Section 7.07 shall survive the satisfaction and discharge of
this Indenture, the termination of this Indenture for any reason, or the earlier
resignation or removal of the Trustee and shall apply with equal force and
effect to the Trustee in its capacity as Authenticating Agent, Security
Registrar or paying agent.

     

    SECTION
7.08  RELIANCE ON OFFICERS’ CERTIFICATE.

     

    Except as
otherwise provided in Section 7.01, whenever in the administration of the
provisions of this Indenture the Trustee shall deem it necessary or desirable
that a matter be proved or established prior to taking or suffering or omitting
to take any action hereunder, such matter (unless other evidence in respect
thereof be herein specifically prescribed) may, in the absence of negligence or
bad faith on the part of the Trustee, be deemed to be conclusively proved and
established by an Officers’ Certificate delivered to the Trustee and such
certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warranty to the Trustee for any action taken, suffered or
omitted to be taken by it under the provisions of this Indenture upon the faith
thereof.

     

    SECTION
7.09  DISQUALIFICATION; CONFLICTING INTERESTS.

     

    If the
Trustee has or shall acquire any “conflicting interest” within the meaning of
Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in
all respects comply with the provisions of Section 310(b) of the Trust Indenture
Act, subject to the penultimate paragraph thereof. For purposes of Section
310(b)(i) of the Trust Indenture Act and to the extent permitted thereby, the
Trustee, in its capacity as trustee in respect of the Securities of any series,
shall not be deemed to have a conflicting interest arising from its capacity as
trustee in respect of the Securities of any other series.

     

    SECTION
7.10  CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.

     

    There
shall at all times be a Trustee with respect to the Securities issued hereunder
which shall at all times be a corporation organized and doing business under the
laws of the United States of America or any State or Territory thereof or of the
District of Columbia, or a corporation or other Person permitted to act as
trustee by the Commission, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least fifty million
U.S. dollars ($50,000,000), and subject to supervision or examination by
federal, state, territorial, or District of Columbia authority. If such
corporation publishes reports of condition at least annually, pursuant to law or
to the requirements of the aforesaid supervising or examining authority, then
for the purposes of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published. The Company may not, nor
may any Person directly or indirectly controlling, controlled by, or under
common control with the Company, serve as Trustee. In case at any time the
Trustee shall cease to be eligible in accordance with the provisions of this
Section, the Trustee shall resign immediately in the manner and with the effect
specified in Section 7.11.

    
      
         

      

      
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    SECTION
7.11  RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

     

    (a)     The
Trustee or any successor hereafter appointed, may at any time resign with
respect to the Securities of one or more series by giving written notice thereof
to the Company and by transmitting notice of resignation by mail, first class
postage prepaid, to the Securityholders of such series, as their names and
addresses appear upon the Security Register. Upon receiving such notice of
resignation, the Company shall promptly appoint a successor trustee with respect
to Securities of such series by written instrument, in duplicate, executed by
order of the Board of Directors, one copy of which instrument shall be delivered
to the resigning Trustee and one copy to the successor trustee. If no successor
trustee shall have been so appointed and have accepted appointment within 30
days after the mailing of such notice of resignation, the resigning Trustee may
petition any court of competent jurisdiction for the appointment of a successor
trustee with respect to Securities of such series, or any Securityholder of that
series who has been a bona fide Holder of a Security or Securities for at least
six months may on behalf of himself and all others similarly situated, petition
any such court for the appointment of a successor trustee. Such court may
thereupon after such notice, if any, as it may deem proper and prescribe,
appoint a successor trustee.

     

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

     

    (i)           the
Trustee shall fail to comply with the provisions of Section 7.09 after written
request therefor by the Company or by any Securityholder who has been a bona
fide Holder of a Security or Securities for at least six months; or

     

    (ii)          the
Trustee shall cease to be eligible in accordance with the provisions of Section
7.10 and shall fail to resign after written request therefor by the Company or
by any such Securityholder; or

     

    (iii)         the
Trustee shall become incapable of acting, or shall be adjudged a bankrupt or
insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the
Trustee or of its property shall be appointed or consented to, or any public
officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, then, in
any such case, the Company may remove the Trustee with respect to all Securities
and appoint a successor trustee by written instrument, in duplicate, executed by
order of the Board of Directors, one copy of which instrument shall be delivered
to the Trustee so removed and one copy to the successor trustee, or, unless, in
the case of a failure to comply with Section 7.09, the Trustee’s duty to resign
is stayed as provided in the penultimate paragraph of Section 310(b) of the
Trust Indenture Act, any Securityholder who has been a bona fide Holder of a
Security or Securities for at least six months may, on behalf of that Holder and
all others similarly situated, petition any court of competent jurisdiction for
the removal of the Trustee and the appointment of a successor trustee. Such
court may thereupon after such notice, if any, as it may deem proper and
prescribe, remove the Trustee and appoint a successor trustee.

     

    (c)     The
Holders of a majority in aggregate principal amount of the Securities of any
series at the time Outstanding may at any time remove the Trustee with respect
to such series by so notifying the Trustee and the Company and may appoint a
successor Trustee for such series with the consent of the Company.

     

    (d)     Any
resignation or removal of the Trustee and appointment of a successor trustee
with respect to the Securities of a series pursuant to any of the provisions of
this Section shall become effective upon acceptance of appointment by the
successor trustee as provided in Section 7.12.

     

    (e)     Any
successor trustee appointed pursuant to this Section may be appointed with
respect to the Securities of one or more series or all of such series, and at
any time there shall be only one Trustee with respect to the Securities of any
particular series.

    
      
         

      

      
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    SECTION
7.12  ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.

     

    (a)     In
case of the appointment hereunder of a successor trustee with respect to all
Securities, every such successor trustee so appointed shall execute, acknowledge
and deliver to the Company and to the retiring Trustee an instrument accepting
such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective and such successor trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee; but, on the request of the Company or the
successor trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor trustee all the
rights, powers, and trusts of the retiring Trustee and shall duly assign,
transfer and deliver to such successor trustee all property and money held by
such retiring Trustee hereunder, subject nevertheless to the lien provided for
in Section 7.07.

     

    (b)     In
case of the appointment hereunder of a successor trustee with respect to the
Securities of one or more (but not all) series, the Company, the retiring
Trustee and each successor trustee with respect to the Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each
successor trustee shall accept such appointment and which

     

    (i)           shall
contain such provisions as shall be necessary or desirable to transfer and
confirm to, and to vest in, each successor trustee all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that
or those series to which the appointment of such successor trustee
relates,

     

    (ii)          shall
contain such provisions as shall be deemed necessary or desirable to confirm
that all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series as to which the retiring
Trustee is not retiring shall continue to be vested in the retiring Trustee,
and

     

    (iii)         shall
add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same
trust, that each such Trustee shall be trustee of a trust or trusts hereunder
separate and apart from any trust or trusts hereunder administered by any other
such Trustee and that no Trustee shall be responsible for any act or failure to
act on the part of any other Trustee hereunder; and upon the execution and
delivery of such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein, such
retiring Trustee shall with respect to the Securities of that or those series to
which the appointment of such successor trustee relates have no further
responsibility for the exercise of rights and powers or for the performance of
the duties and obligations vested in the Trustee under this Indenture, and each
such successor trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the
appointment of such successor trustee relates; but, on request of the Company or
any successor trustee, such retiring Trustee shall duly assign, transfer and
deliver to such successor trustee, to the extent contemplated by such
supplemental indenture, the property and money held by such retiring Trustee
hereunder with respect to the Securities of that or those series to which the
appointment of such successor trustee relates, subject nevertheless to the lien
provided for in Section 7.07.

     

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

     

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

     

    (e)     Upon
acceptance of appointment by a successor trustee as provided in this Section,
the Company shall transmit notice of the succession of such trustee hereunder by
mail, first class postage prepaid, to the Securityholders, as their names and
addresses appear upon the Security Register. If the Company fails to transmit
such notice within ten days after acceptance of appointment by the successor
trustee, the successor trustee shall cause such notice to be transmitted at the
expense of the Company.

     

    
      
         

      

      
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    SECTION
7.13  MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO
BUSINESS.

     

    Any
Person into which the Trustee may be merged or converted or with which it may be
consolidated, or any Person resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any Person succeeding to
all or substantially all of the corporate trust business of the Trustee, shall
be the successor of the Trustee hereunder, provided that such Person shall be
qualified under the provisions of Section 7.09 and eligible under the provisions
of Section 7.10, without the execution or filing of any paper or any further act
on the part of any of the parties hereto, anything herein to the contrary
notwithstanding. In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or
consolidation to such authenticating Trustee may adopt such authentication and
deliver the Securities so authenticated with the same effect as if such
successor Trustee had itself authenticated such Securities.

     

    SECTION
7.14  PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE
COMPANY.

     

    The
Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding
any creditor relationship described in Section 311(b) of the Trust Indenture
Act. A Trustee who has resigned or been removed shall be subject to Section
311(a) of the Trust Indenture Act to the extent included therein.

     

    ARTICLE
VIII

    CONCERNING
THE SECURITYHOLDERS

     

    SECTION
8.01  EVIDENCE OF ACTION BY SECURITYHOLDERS.

     

    Whenever
in this Indenture it is provided that the Holders of a majority or specified
percentage in aggregate principal amount of the Securities of a particular
series may take any action (including the making of any demand or request, the
giving of any notice, consent or waiver or the taking of any other action), the
fact that at the time of taking any such action the Holders of such majority or
specified percentage of that series have joined therein may be evidenced by any
instrument or any number of instruments of similar tenor executed by such
Holders of Securities of that series in Person or by agent or proxy appointed in
writing. If the Company shall solicit from the Securityholders of any series any
request, demand, authorization, direction, notice, consent, waiver or other
action, the Company may, at its option, as evidenced by an Officers’
Certificate, fix in advance a record date for such series for the determination
of Securityholders entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other action, but the Company shall have
no obligation to do so. If such a record date is fixed, such request, demand,
authorization, direction, notice, consent, waiver or other action may be given
before or after the record date, but only the Securityholders of record at the
close of business on the record date shall be deemed to be Securityholders for
the purposes of determining whether Securityholders of the requisite proportion
of Outstanding Securities of that series have authorized or agreed or consented
to such request, demand, authorization, direction, notice, consent, waiver or
other action, and for that purpose the Outstanding Securities of that series
shall be computed as of the record date; provided, however, that no such
authorization, agreement or consent by such Securityholders on the record date
shall be deemed effective unless it shall become effective pursuant to the
provisions of this Indenture not later than six months after the record
date.

     

    SECTION
8.02  PROOF OF EXECUTION BY SECURITYHOLDERS.

     

    Subject
to the provisions of Section 7.01, proof of the execution of any instrument by a
Securityholder (such proof will not require notarization) or his agent or proxy
and proof of the holding by any Person of any of the Securities shall be
sufficient if made in the following manner:

     

    (a)     The
fact and date of the execution by any such Person of any instrument may be
proved in any reasonable manner acceptable to the Trustee.

     

    (b)     The
ownership of Securities shall be proved by the Security Register of such
Securities or by a certificate of the Security Registrar thereof.

     

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

    
      
         

      

      
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    SECTION
8.03  WHO MAY BE DEEMED OWNERS.

     

    Prior to
the due presentment for registration of transfer of any Security, the Company,
the Trustee, any paying agent and any Security Registrar may deem and treat the
Person in whose name such Security shall be registered upon the books of the
Company as the absolute owner of such Security (whether or not such Security
shall be overdue and notwithstanding any notice of ownership or writing thereon
made by anyone other than the Security Registrar) for the purpose of receiving
payment of or on account of the principal of (and premium, if any) and (subject
to Section 2.03) interest on such Security and for all other purposes; and
neither the Company nor the Trustee nor any paying agent nor any Security
Registrar shall be affected by any notice to the contrary.

     

    SECTION
8.04  CERTAIN SECURITIES OWNED BY COMPANY DISREGARDED.

     

    In
determining whether the Holders of the requisite aggregate principal amount of
Securities of a particular series have concurred in any direction, consent or
waiver under this Indenture, the Securities of that series that are owned by the
Company or any other obligor on the Securities of that series or by any Person
directly or indirectly controlling or controlled by or under common control with
the Company or any other obligor on the Securities of that series shall be
disregarded and deemed not to be Outstanding for the purpose of any such
determination, except that for the purpose of determining whether the Trustee
shall be protected in relying on any such direction, consent or waiver, only
Securities of such series that a Responsible Officer of the Trustee actually
knows are so owned shall be so disregarded. The Securities so owned that have
been pledged in good faith may be regarded as Outstanding for the purposes of
this Section, if the pledgee shall establish to the satisfaction of the Trustee
the pledgee’s right so to act with respect to such Securities and that the
pledgee is not a Person directly or indirectly controlling or controlled by or
under direct or indirect common control with the Company or any such other
obligor. In case of a dispute as to such right, any decision by the Trustee
taken upon the advice of counsel shall be full protection to the
Trustee.

     

    SECTION
8.05  ACTIONS BINDING ON FUTURE SECURITYHOLDERS.

     

    At any
time prior to (but not after) the evidencing to the Trustee, as provided in
Section 8.01, of the taking of any action by the Holders of the majority or
percentage in aggregate principal amount of the Securities of a particular
series specified in this Indenture in connection with such action, any Holder of
a Security of that series that is shown by the evidence to be included in the
Securities the Holders of which have consented to such action may, by filing
written notice with the Trustee, and upon proof of holding as provided in
Section 8.02, revoke such action so far as concerns such Security. Except as
aforesaid any such action taken by the Holder of any Security shall be
conclusive and binding upon such Holder and upon all future Holders and owners
of such Security, and of any Security issued in exchange therefor, on
registration of transfer thereof or in place thereof, irrespective of whether or
not any notation in regard thereto is made upon such Security. Any action taken
by the Holders of the majority or percentage in aggregate principal amount of
the Securities of a particular series specified in this Indenture in connection
with such action shall be conclusively binding upon the Company, the Trustee and
the Holders of all the Securities of that series.

     

    ARTICLE
IX

    SUPPLEMENTAL
INDENTURES

     

    SECTION
9.01  SUPPLEMENTAL INDENTURES WITHOUT THE CONSENT OF
SECURITYHOLDERS.

     

    In
addition to any supplemental indenture otherwise authorized by this Indenture,
the Company and the Trustee may from time to time and at any time enter into an
indenture or indentures supplemental hereto (which shall conform to the
provisions of the Trust Indenture Act as then in effect), without the consent of
the Securityholders, for one or more of the following purposes:

     

    (1)         to
cure any ambiguity, defect, or inconsistency herein, in the Securities of any
series;

     

    (2)         to
comply with Article X;

     

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

     

    (4)         to
add to the covenants of the Company for the benefit of the Holders of all or any
series of Securities (and if such covenants are to be for the benefit of less
than all series of Securities, stating that such covenants are expressly being
included solely for the benefit of such series) or to surrender any right or
power herein conferred upon the Company or to add any additional Events of
Default for the benefit of the Holders of all or any series of Securities (and
if such additional Events of Default are to be for the benefit of less than all
series of Securities, stating that such additional Events of Default are
expressly being included solely for the benefit of such
series);

    
      
         

      

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

     

    (6)         to
make any change that does not adversely affect the rights of any Securityholder
in any material respect;

     

    (7)         to
provide for the issuance of and establish the form and terms and conditions of
the Securities of any series as provided in Section 2.01, to establish the form
of any certifications required to be furnished pursuant to the terms of this
Indenture or any series of Securities, or to add to the rights of the Holders of
any series of Securities; or

     

    (8)         to
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series and to add to or
change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 7.12.

     

    The
Trustee is hereby authorized to join with the Company in the execution of any
such supplemental 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 any such supplemental indenture that affects the
Trustee’s own rights, duties or immunities under this Indenture or
otherwise.

     

    Any
supplemental indenture authorized by the provisions of this Section may be
executed by the Company and the Trustee without the consent of the Holders of
any of the Securities at the time Outstanding, notwithstanding any of the
provisions of Section 9.02.

     

    SECTION
9.02  SUPPLEMENTAL INDENTURES WITH CONSENT OF
SECURITYHOLDERS.

     

    With the
consent (evidenced as provided in Section 8.01) of the Holders of not less than
a majority in aggregate principal amount of the Securities of each series
affected by such supplemental indenture or indentures at the time Outstanding,
the Company, when authorized by a Board Resolution, and the Trustee may from
time to time and at any time enter into an indenture or indentures supplemental
hereto (which shall conform to the provisions of the Trust Indenture Act as then
in effect) for the purpose of adding any provisions to or changing in any manner
or eliminating any of the provisions of this Indenture or of any supplemental
indenture or of modifying in any manner not covered by Section 9.01 the rights
of the Holders of the Securities of such series under this Indenture; provided,
however, that no such supplemental indenture shall, without the consent of the
Holders of each Security then Outstanding and affected thereby:

     

    (1)         change
the maturity of the principal of, or any installment of principal of or interest
on, any Security, or reduce the principal amount thereof or the rate of interest
thereon or any premium payable upon the redemption thereof, or reduce the amount
of the principal of an Original Issue Discount Security or any other Security
which would be due and payable upon a declaration of acceleration of the
maturity thereof pursuant to Section 6.01 or change the coin or currency in
which any Security or any premium or interest thereon is payable, or impair the
right to institute suit for the enforcement of any such payment on or after the
maturity thereof (or, in the case of redemption, on or after the redemption
date); or

     

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

     

    (3)         modify
any of the provisions of this Section or Section 6.06 relating to waivers of
default, except to increase any such percentage or to provide that certain other
provisions of this Indenture cannot be modified or waived without the consent of
the Holder of each Outstanding Security affected thereby; provided, however,
that this clause shall not be deemed to require the consent of any Holder with
respect to changes in the references to “the Trustee” and concomitant changes in
this Section, or the deletion of this proviso, in accordance with the
requirements of Sections 7.12 and 9.01(8); or

    
      
         

      

      
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    (4)         modify
the provisions of this Indenture with respect to the subordination of such
Security in a manner adverse to the holder thereof.

     

    A
supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which has expressly been included solely for the
benefit of one or more particular series of Securities, or which modifies the
rights of the Holders of Securities of such series with respect to such covenant
or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series. It shall not be
necessary for the consent of the Securityholders of any series affected thereby
under this Section to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such consent shall approve the
substance thereof.

     

    SECTION
9.03  EFFECT OF SUPPLEMENTAL INDENTURES.

     

    Upon the
execution of any supplemental indenture pursuant to the provisions of this
Article or of Section 10.01, this Indenture shall, with respect to such series,
be and be deemed to be modified and amended in accordance therewith and the
respective rights, limitations of rights, obligations, duties and immunities
under this Indenture of the Trustee, the Company and the Holders of Securities
of the series affected thereby shall thereafter be determined, exercised and
enforced hereunder subject in all respects to such modifications and amendments,
and all the terms and conditions of any such supplemental indenture shall be and
be deemed to be part of the terms and conditions of this Indenture for any and
all purposes.

     

    SECTION
9.04  SECURITIES AFFECTED BY SUPPLEMENTAL INDENTURES.

     

    Securities
of any series, affected by a supplemental indenture, authenticated and delivered
after the execution of such supplemental indenture pursuant to the provisions of
this Article or of Section 10.01, may bear a notation in form approved by the
Company, provided such form meets the requirements of any exchange upon which
such series may be listed, as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Securities of that series so
modified as to conform, in the opinion of the Board of Directors of the Company,
to any modification of this Indenture contained in any such supplemental
indenture may be prepared by the Company, authenticated by the Trustee and
delivered in exchange for the Securities of that series then
Outstanding.

     

    SECTION
9.05  EXECUTION OF SUPPLEMENTAL INDENTURES.

     

    Upon the
request of the Company, accompanied by its Board Resolutions authorizing the
execution of any supplemental indenture, and upon the filing with the Trustee of
evidence of any requisite consents of Securityholders required to consent
thereto as aforesaid, the Trustee shall join with the Company in the execution
of such supplemental indenture unless such supplemental indenture affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in
which case the Trustee may in its discretion but shall not be obligated to enter
into such supplemental indenture. The Trustee, subject to the provisions of
Section 7.01, shall be entitled to receive an Opinion of Counsel as conclusive
evidence that any supplemental indenture executed pursuant to this Article is
authorized or permitted by, and conforms to, the terms of this Article and that
it is proper for the Trustee under the provisions of this Article to join in the
execution thereof.

     

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

    
      
         

      

      
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    ARTICLE
X

    SUCCESSOR
ENTITY

     

    SECTION
10.01  COMPANY MAY CONSOLIDATE, ETC.

     

    Nothing
contained in this Indenture or in any of the Securities shall prevent any
consolidation or merger of the Company with or into any other Person (whether or
not affiliated with the Company) or successive consolidations or mergers in
which the Company or its successor or successors shall be a party or parties, or
shall prevent any sale, conveyance, transfer or other disposition of the
property of the Company or its successor or successors as an entirety, or
substantially as an entirety, to any other Person (whether or not affiliated
with the Company or its successor or successors) authorized to acquire and
operate the same; provided, however, the Company hereby covenants and agrees
that, upon any such consolidation or merger (in each case, if the Company is not
the survivor of such transaction), sale, conveyance, transfer or other
disposition, the due and punctual payment of the principal of (and premium, if
any) and interest on all of the Securities of all series in accordance with the
terms of each series, according to their tenor and the due and punctual
performance and observance of all the covenants and conditions of this Indenture
or established with respect to each series of Securities pursuant to Section
2.01 to be kept or performed by the Company shall be expressly assumed, by
supplemental indenture (which shall conform to the provisions of the Trust
Indenture Act, as then in effect) satisfactory in form to the Trustee executed
and delivered to the Trustee by the entity formed by such consolidation, or into
which the Company shall have been merged, or by the entity which shall have
acquired such property.

     

    SECTION
10.02  SUCCESSOR ENTITY SUBSTITUTED.

     

    (a)     In
case of any such consolidation, merger, sale, conveyance, transfer or other
disposition and upon the assumption by any successor entity by supplemental
indenture, executed and delivered to the Trustee of the due and punctual payment
of the principal of (and premium, if any) and interest on all of the Securities
of all series Outstanding and the due and punctual performance of all of the
covenants and conditions of this Indenture or established with respect to each
series of the Securities pursuant to Section 2.01 to be performed by the
Company, such successor entity shall succeed to and be substituted for the
Company with the same effect as if it had been named as the Company herein, and
thereupon the predecessor corporation, except in the case of a lease, shall be
relieved of all obligations and covenants under this Indenture and the
Securities.

     

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

     

    (c)     Nothing
contained in this Article shall require any action by the Company in the case of
a consolidation or merger of any Person into the Company where the Company is
the survivor of such transaction, or the acquisition by the Company, by purchase
or otherwise, of all or any part of the property of any other Person (whether or
not affiliated with the Company).

     

    SECTION
10.03  EVIDENCE OF CONSOLIDATION, ETC. TO TRUSTEE.

     

    The
Trustee, subject to the provisions of Section 7.01, shall be entitled to receive
an Opinion of Counsel and an Officers’ Certificate as conclusive evidence that
any such consolidation, merger, sale, conveyance, transfer or other disposition,
and any such assumption, comply with the provisions of this
Article.

     

    ARTICLE
XI

    SATISFACTION
AND DISCHARGE; DEFEASANCE

     

    SECTION
11.01  SATISFACTION AND DISCHARGE.

     

    This
Indenture will be discharged and will cease to be of further effect with respect
to a series of Securities (except as to any surviving rights of registration of
transfer or exchange of such series of Securities herein expressly provided
for), and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture with
respect to such series, when:

    
      
         

      

      
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    (1)         either
(A) all Securities of that series theretofore authenticated and delivered (other
than (i) any Securities that shall have been destroyed, lost or stolen and that
shall have been replaced or paid as provided in Section 2.07 and (ii) Securities
for whose payment money or noncallable Governmental Obligations or other
property have theretofore been deposited in trust or segregated and held in
trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 11.05) have been delivered to the Trustee for
cancellation; or (B) all Securities of such series not theretofore delivered to
the Trustee for cancellation (i) have become due and payable, or (ii) will by
their terms become due and payable 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, and the Company (a) shall deposit or
cause to be deposited with the Trustee as trust funds in trust for the purpose
(I) moneys in an amount, or (II) noncallable Governmental Obligations the
scheduled principal of and interest on which in accordance with their terms will
provide, not later than the due date of any payment, money in an amount, or
(III) a combination thereof, or (b) if such Securities are payable otherwise
than in cash pursuant to Section 2.1(a)(19), the Company shall have made such
other arrangements as are satisfactory to the Trustee for payment in property
other than cash, sufficient, in the case of (a)(II) or (a)(III) or (b), in the
opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, to pay
and discharge, at maturity or upon redemption, all Securities of that series not
theretofore delivered to the Trustee for cancellation, including principal (and
premium, if any) and interest due or to become due to such date of maturity or
date fixed for redemption, as the case may be;

     

    (2)         the
Company has paid or caused to be paid all other sums or property payable
hereunder with respect to such series by the Company; and

     

    (3)         the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all the conditions precedent herein provided for
relating to the satisfaction and discharge of this Indenture with respect to
such series of Securities have been complied with. Notwithstanding the
satisfaction and discharge of this Indenture with respect to a series of
Securities, the obligations of the Trustee under Section 7.07 and, if money or
other property shall have been deposited with the Trustee pursuant to subclause
(B) of clause (1) of this Section, the obligations of the Trustee under Sections
11.03 and 11.05 shall survive.

     

    SECTION
11.02  DEFEASANCE.

     

    The
Company may, at its option and at any time (including notwithstanding the
exercise by the Company of a Covenant Defeasance (as defined herein)), elect to
have its obligations discharged with respect to a series of the Securities
(“Legal Defeasance”). Such Legal Defeasance means that the Company shall be
deemed to have paid and discharged the entire indebtedness represented by such
series of Securities, except for (a) the rights of Holders to receive payments
in respect of the principal of (and premium, if any) and interest on the
Securities when such payments are due solely from the trust fund described in
this Section, (b) the Company’s obligations with respect to such series of
Securities concerning issuing temporary Securities, registration of transfer or
exchange of such series of Securities, mutilated, destroyed, lost or stolen
Securities of such series and the maintenance of an office or agency for
payments, (c) the rights, powers, trust, duties and immunities of the Trustee
and the Company’s obligations in connection therewith and (d) the Legal
Defeasance provisions of this Indenture. In addition, the Company may, at its
option and at any time, elect to have the obligations of the Company released
with respect to covenants provided with respect to such series of Securities
under Section 2.01(16), 9.01(4) and 9.01(7) of this Indenture (“Covenant
Defeasance”) and thereafter any omission to comply with such obligations shall
not constitute a Default or Event of Default with respect to such series of
Securities. In the event of Covenant Defeasance, those events described under
Section 6.01(a) with respect to the foregoing covenants will no longer
constitute an Event of Default with respect to such series of
Securities.

     

    In order
to exercise either Legal Defeasance or Covenant Defeasance:

     

    (1)         the
Company must (A) irrevocably deposit with the Trustee, in trust, for the benefit
of the Holders of such series, (i) moneys in an amount, or (ii) noncallable
Governmental Obligations the scheduled principal of and interest on which in
accordance with their terms will provide, not later than the due date of any
payment, money in an amount, or (iii) a combination thereof, or (B) if such
Securities are payable otherwise than in cash pursuant to Section 2.01(a)(19),
make other arrangements satisfactory to the Trustee for the payment in property
other than cash, sufficient, in the case of (A)(ii) or (A)(iii) or (B), in the
opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, to pay
and discharge, at maturity or upon redemption, the principal of (and premium, if
any) and interest on such series of Securities on the stated date for payment
thereof or on the applicable redemption date, as the case may
be;

    
      
         

      

      
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    (2)         in
the case of Legal Defeasance, the Company shall have delivered to the Trustee an
Opinion of Counsel confirming that (A) the Company has received from, or there
has been published by, the Internal Revenue Service a ruling or (B) since the
date of this Indenture, 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 such series of Securities 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 Company shall have delivered to the Trustee
an Opinion of Counsel confirming that the Holders of such series of Securities
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 on the date of
such deposit or insofar as Events of Default under clauses (4) and (5) of
Section 6.01(a) with respect to the Securities of such series are concerned, at
any time in the period ending on the 91st day after the date of
deposit;

     

    (5)         the
Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for or
relating to the Legal Defeasance or the Covenant Defeasance, as the case may be,
have been complied with; and

     

    (6)         if
such series of Securities are to be redeemed prior to final maturity (other than
from mandatory sinking fund payments or analogous payments), notice of such
redemption shall have been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee shall have been made.

     

    SECTION
11.03  DEPOSITED MONEYS TO BE HELD IN TRUST.

     

    All
moneys or Governmental Obligations or other property deposited with the Trustee
pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be
available for payment as due, either directly or through any paying agent
(including the Company acting as its own paying agent), to the Holders of the
particular series of Securities for the payment or redemption of which such
moneys or Governmental Obligations or other property have been deposited with
the Trustee. Funds or property held pursuant to this Section with respect to any
series of Securities shall not be subject to the claims of the holders of Senior
Indebtedness with respect to such series, provided, that at the time of the
deposit of such funds with the Trustee under this Article, no event had occurred
that would, under the subordination provisions related to such series, require
that any payment to be made to the holders of such Securities be paid or paid
over to the holders of such Senior Indebtedness.

     

    SECTION
11.04  PAYMENT OF MONEYS HELD BY PAYING AGENTS.

     

    In
connection with the satisfaction and discharge of this Indenture all moneys or
Governmental Obligations or other property then held by any paying agent under
the provisions of this Indenture shall, upon demand of the Company, be paid to
the Trustee and thereupon such paying agent shall be released from all further
liability with respect to such moneys or Governmental Obligations or other
property.

     

    SECTION
11.05  REPAYMENT TO COMPANY.

     

    Any
moneys or Governmental Obligations or other property deposited with any paying
agent or the Trustee, or then held by the Company, in trust for payment of
principal of (or premium, if any) or interest on the Securities of a particular
series that are not applied but remain unclaimed by the Holders of such
Securities for at least two years after the date upon which the principal of
(and premium, if any) or interest on such Securities shall have respectively
become due and payable, shall be repaid to the Company on May 31 of each year or
(if then held by the Company) shall be discharged from such trust; and thereupon
the paying agent and the Trustee shall be released from all further liability
with respect to such moneys or Governmental Obligations or other property, and
the Holder of any of the Securities entitled to receive such payment shall
thereafter, as an unsecured general creditor, look only to the Company for the
payment thereof.

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

     

    ARTICLE
XII

    IMMUNITY
OF INCORPORATORS, STOCKHOLDERS,

    OFFICERS
AND DIRECTORS

     

    SECTION
12.01  NO RECOURSE.

     

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

     

    ARTICLE
XIII

    MISCELLANEOUS
PROVISIONS

     

    SECTION
13.01  EFFECT ON SUCCESSORS AND ASSIGNS.

     

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

     

    SECTION
13.02  ACTIONS BY SUCCESSOR.

     

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

     

    SECTION
13.03  SURRENDER OF COMPANY POWERS.

     

    The
Company by instrument in writing executed by authority of its Board of Directors
and delivered to the Trustee may surrender any of the powers reserved to the
Company, and thereupon such power so surrendered shall terminate both as to the
Company and as to any successor corporation.

     

    SECTION
13.04  NOTICES.

     

    Except as
otherwise expressly provided herein, any notice or demand that by any provision
of this Indenture is required or permitted to be given or served by the Trustee
or by the Holders of Securities to or on the Company may be given or served by
being deposited first class postage prepaid in a post-office letterbox addressed
(until another address is filed in writing by the Company with the Trustee), as
follows:  9620 Medical Center Drive, Rockville, MD 20850. Any notice,
election, request or demand by the Company or any Securityholder to or upon the
Trustee shall be deemed to have been sufficiently given or made, for all
purposes, if given or made in writing at the Corporate Trust Office of the
Trustee.

     

    SECTION
13.05  GOVERNING LAW; WAIVER OF TRIAL BY JURY.

     

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

     

    EACH
PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION RELATING TO THE TRUSTEE DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
INDENTURE

    
      
         

      

      
        34

        
          

        

      

      
         

      

    

    SECTION
13.06  TREATMENT OF SECURITIES AS DEBT.

     

    It is
intended that the Securities will be treated as indebtedness and not as equity
for federal income tax purposes. The provisions of this Indenture shall be
interpreted to further this intention.

     

    SECTION
13.07  COMPLIANCE CERTIFICATES AND OPINIONS.

     

    (a)     Upon
any application or demand by the Company to the Trustee to take any action under
any of the provisions of this Indenture, the Company shall furnish to the
Trustee an Officers’ Certificate stating that all conditions precedent provided
for in this Indenture relating to the proposed action have been complied with
and an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent have been complied with, except that in the case of any
such application or demand as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such
particular application or demand, no additional certificate or opinion need be
furnished.

     

    (b)     Each
certificate or opinion provided for in this Indenture and delivered to the
Trustee with respect to compliance with a condition or covenant in this
Indenture shall include

     

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

     

    (ii)          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;

     

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

     

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

     

    SECTION
13.08  PAYMENTS ON BUSINESS DAYS.

     

    Except as
provided pursuant to Section 2.01, by or pursuant to a Board Resolution, and as
set forth in an Officers’ Certificate or established in one or more indentures
supplemental to this Indenture, in any case where the date of maturity of
interest or principal of any Security or the date of redemption of any Security
shall not be a Business Day, then payment of interest or principal (and premium,
if any) may be made on the next succeeding Business Day with the same force and
effect as if made on the nominal date of maturity or redemption, and no interest
shall accrue for the period after such nominal date.

     

    SECTION
13.09  CONFLICT WITH TRUST INDENTURE ACT.

     

    If and to
the extent that any provision of this Indenture limits, qualifies or conflicts
with the duties imposed by Sections 310 to 317, inclusive, of the Trust
Indenture Act, such imposed duties shall control. If any provision of this
Indenture modifies or excludes any provision of the Trust Indenture Act which
may be so modified or excluded, the latter provision shall be deemed to apply to
this Indenture as so modified or to be excluded, as the case may
be.

     

    SECTION
13.10  COUNTERPARTS.

     

    This
Indenture may be executed in any number of counterparts, each of which shall be
an original, but such counterparts shall together constitute but one and the
same instrument.

     

    SECTION
13.11  SEPARABILITY.

     

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

    
      
         

      

      
        35

        
          

        

      

      
         

      

    

    SECTION
13.12  ASSIGNMENT.

     

    The
Company will have the right at all times to assign any of its rights or
obligations under this Indenture to a direct or indirect wholly-owned Subsidiary
of the Company, provided that, in the event of any such assignment, the Company,
will remain liable for all such obligations. Subject to the foregoing, the
Indenture is binding upon and inures to the benefit of the parties thereto and
their respective successors and assigns. This Indenture may not otherwise be
assigned by the parties thereto.

     

    ARTICLE
XIV

    SUBORDINATION
OF SECURITIES

     

    SECTION
14.01  SUBORDINATION TERMS.

     

    The
payment by the Company of the principal of, premium, if any, and interest on any
series of Securities issued hereunder shall be subordinated to the extent set
forth in an indenture supplemental hereto relating to such
securities.

     

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

     

    
      
        
          	
                  FREDERICK’S OF HOLLYWOOD
      GROUP

                  INC.

                
	 
      
	
                  By:

                	
                     

                
	
                  Name:

                	
                     

                
	
                  Title:

                	
                     

                
	 
      
	
                  _______________,
      as Trustee

                
	 
      
	
                  By:

                	
                     

                
	
                  Name:

                	
                     

                
	
                  Title:

                	
                     

                

        

      

    

    
      
         

      

      
        36

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