Document:

<PAGE>

                                                                    EXHIBIT 10.2

                                                                  EXECUTION COPY

                               AMENDMENT NO. 1 TO
                  SECOND AMENDED AND RESTATED CREDIT AGREEMENT

                  This AMENDMENT No. 1 TO THE SECOND AMENDED AND RESTATED CREDIT
AGREEMENT, dated as of October 17, 2003, among Amkor Technology, Inc. a Delaware
corporation (the "Borrower") and the Lenders (as defined below) party hereto and
the Administrative Agent (as defined below), amends certain provisions of the
Second Amended and Restated Credit Agreement dated as of April 22, 2003 (as
amended, the "Credit Agreement") among the Borrower, the lenders party thereto
(collectively the "Lenders"), the issuing banks party thereto, Citigroup Global
Markets, Inc. ("CGMI"), as sole book manager, Citicorp USA, Inc., as
administrative agent (in such capacity, the "Administrative Agent") and as
collateral agent (in such capacity, the "Collateral Agent"), Deutsche Bank
Securities Inc. ("DBSI), as documentation agent, CGMI and J.P. Morgan Securities
Inc., as joint lead arrangers, DBSI, as arranger, and JPMorgan Chase Bank, as
syndication agent.

                  PRELIMINARY STATEMENTS:

                  (1)      The parties to this Amendment are party to the Credit
Agreement. Capitalized terms defined in the Credit Agreement and not otherwise
defined in this Amendment are used herein as therein defined.

                  (2)      The parties hereto have agreed to amend the Credit
Agreement as hereinafter set forth.

                  SECTION 1.        AMENDMENTS. Subject to the satisfaction of
the conditions precedent set forth in Section 2 hereof, the Credit Agreement is
hereby amended as follows:

                  (a) AMENDMENTS TO ARTICLE I (DEFINITIONS AND ACCOUNTING
TERMS).

                           (i)      The definition of "EBITDA" in Section 1.1
(Certain Defined Terms) of the Credit Agreement is hereby amended and restated
in its entirety to read as follows:

                           "EBITDA" means, for any period, the sum, determined
         on a Consolidated basis and without any double-counting, of (a) Net
         Income, (b)(i) interest expense and (ii) amortization, write-off or
         cash payment of premiums, commissions, discounts and other fees and
         charges which, in each case pursuant to this clause (b)(ii), are
         attributable to the repayment, repurchase or redemption of Debt for
         Borrowed Money, (c) income tax expense, (d) to the extent included in
         Consolidated Net Income, non-cash foreign currency loss (or less any
         non-cash foreign currency gain), (e) to the extent included in Net
         Income, (i) non-cash equity in loss of Affiliates (or less any non-cash
         equity in income of Affiliates) and (ii) non-cash losses in respect of
         (A) fixed assets and (B) goodwill associated with acquisitions, (f)
         depreciation expense and (g) amortization expense, in each case of the
         Borrower and its Restricted Subsidiaries, determined in accordance with
         GAAP for such period.

                  (b) AMENDMENTS TO ARTICLE V (COVENANTS OF THE BORROWER).

                           (i)      The final paragraph of Section 5.2(f)
(Investments in Other Persons) of the Credit Agreement is hereby amended by
replacing, in the two places where it appears in such paragraph, the dollar
amount "$25,000,000" with the dollar amount "$50,000,000".

<PAGE>

                           (ii)     Section 5.2(j) (Prepayments, Etc., of Debt)
of the Credit Agreement is hereby amended by replacing clause (iv) thereof in
its entirety with the following clause (iv):

                  (iv)     the Borrower may repurchase or redeem Senior Notes
         for cash not exceeding (A) in the Fiscal Year ending December 31, 2003,
         $ 140,000,000 plus the amount of any Net Cash Proceeds arising from the
         sale of Anam Shares received by the Borrower during such Fiscal Year
         and (B) in any Fiscal Year thereafter, $100,000,000 plus the amount of
         any Net Cash Proceeds arising from the sale of Anam Shares received by
         the Borrower during such Fiscal Year; provided, however, that (1) up to
         $25,000,000 in the aggregate of the amount in this clause (iv) may be
         used by the Borrower to repurchase or redeem Subordinated Debt instead
         of repurchasing or redeeming Senior Notes; (2) to the extent the amount
         used by the Borrower to repurchase or redeem Senior Notes (or
         Subordinated Debt, as the case may be) pursuant to this clause (iv)
         during any Fiscal Year is less than the amount permitted for such
         Fiscal Year pursuant to this clause (iv), then the unused portion
         thereof in such Fiscal Year may be carried over and added to the amount
         permitted by this clause (iv) in any Fiscal Year thereafter; (3) in no
         event shall the amount used pursuant to this clause (iv) exceed
         $300,000,000 in the aggregate during the term of the Facilities; and
         (4) after giving effect to each such purchase or redemption made
         pursuant to this clause (iv), the Borrower shall be in compliance with
         Section 5.4(b);

                           (iii)    Section 5.2(j)(v) (Prepayments, Etc., of
Debt) of the Credit Agreement is hereby amended by inserting the phrase "or any
Subordinated Debt" immediately after the phrase "Senior Notes" in clause (x)
thereof.

                           (iv)     Section 5.2(o) (Capital Expenditures) of the
Credit Agreement is hereby amended by replacing such Section in its entirety
with the following Section 5.2(o):

                  (o) Capital Expenditures. Make, or permit any of its
         Restricted Subsidiaries to make, any Capital Expenditures that would
         cause the aggregate amount of all such Capital Expenditures made by the
         Borrower and its Restricted Subsidiaries in any Fiscal Year to exceed
         the greater of (i) the lesser of (x) 50% of EBITDA for such Fiscal Year
         (determined on a Pro Forma Basis) and (y) $350,000,000 and (ii)
         $250,000,000; provided, however, to the extent that actual Capital
         Expenditures for any such Fiscal Year is less than the maximum amount
         permitted by this clause (o), then the difference between the maximum
         amount permitted by this clause (o) and such actual Capital
         Expenditures may be carried over and made available for Capital
         Expenditures in the next succeeding Fiscal Year only, and such carried
         over portion shall be applied before the amount of Capital Expenditures
         otherwise permitted for such succeeding Fiscal Year pursuant to this
         Section 5.2(o);

                  SECTION 2.        CONDITIONS TO EFFECTIVENESS. This Amendment
shall become effective as of the date hereof on the date when the following
conditions precedent have been satisfied:

                  (a) the Administrative Agent shall have received counterparts
of this Amendment executed by the Borrower and the Required Lenders or, as to
any of the Lenders, evidence satisfactory to the Administrative Agent that such
Lender has executed this Amendment; and

                  (b) each Subsidiary Guarantor shall have executed a consent to
this Amendment in the form attached hereto.

Furthermore this Amendment is subject to the provisions of Section 8.1 of the
Credit Agreement.

                                        2

<PAGE>

                  SECTION 3.        CONSTRUCTION WITH THE LOAN DOCUMENTS.

                  (a) On and after the Amendment Effective Date, each reference
in the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein," or
words of like import, and each reference in the other Loan Documents to the
Credit Agreement, shall mean and be a reference to the Credit Agreement as
amended hereby, and this Amendment and the Credit Agreement shall be read
together and construed as a single instrument. The table of contents, signature
pages and list of Exhibits and Schedules of the Credit Agreement shall be
modified to reflect the changes made in this Amendment as of the Amendment
Effective Date.

                  (b) Except as expressly amended hereby or specifically waived
above, all of the terms and provisions of the Credit Agreement and all other
Loan Documents are and shall remain in full force and effect and are hereby
ratified and confirmed.

                  (c) The execution, delivery and effectiveness of this
Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of the Lenders, the Issuing Banks, the Arranger or
the Administrative Agent under any of the Loan Documents, nor constitute a
waiver or amendment of any other provision of any of the Loan Documents or for
any purpose except as expressly set forth herein.

                  (d) This Amendment is a Loan Document.

                  SECTION 4.        GOVERNING LAW. This Amendment is governed by
the law of the State of New York.

                  SECTION 5.        REPRESENTATIONS AND WARRANTIES. The Borrower
hereby represents and warrants that each of the representations and warranties
made by the Borrower in the Credit Agreement, as amended hereby, and the other
Loan Documents to which the Borrower is a party or by which the Borrower is
bound, shall be true and correct in all material respects on and as of the date
hereof (other than representations and warranties in any such Loan Document
which expressly speak as of a specific date, which shall have been true and
correct in all material respects as of such specific date) and no Default or
Event of Default has occurred and is continuing as of the date hereof.

                  SECTION 6.        EXECUTION IN COUNTERPARTS. This Amendment
may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement. Signature pages may be detached from multiple separate counterparts
and attached to a single counterpart so that all signature pages are attached to
the same document. Delivery of an executed counterpart by telecopy shall be
effective as delivery of a manually executed counterpart of this Amendment.

                            [SIGNATURE PAGES FOLLOW]

                                        3

<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.

                                                 AMKOR TECHNOLOGY, INC.,

                                                 By ____________________________
                                                    Name:
                                                    Title:

                                                 CITICORP USA, INC.,
                                                 as Administrative Agent

                                                 By ____________________________
                                                    Name:
                                                    Title:

   [SIGNATURE PAGE To AMENDMENT No. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                     AIM FLOATING RATE FUND
                                     By: INVESCO Senior Secured Management, Inc.
                                         As Sub-Adviser

                                         By /s/ Joseph Rotondo
                                            -----------------------------------
                                            Name: Joseph Rotondo
                                            Title: Authorized Signatory

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                     AMARA-I FINANCE, LTD.
                                     By: INVESCO Senior Secured Management, Inc.
                                         As Financial Manager

                                           By /s/ Joseph Rotondo
                                              ---------------------------------
                                              Name: Joseph Rotondo
                                              Title: Authorized Signatory

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                     AMARA 2 FINANCE, LTD.
                                     BY: INVESCO Senior Secured Management, Inc.
                                         As Financial Manager

                                         By /s/ Joseph Rotondo
                                            -----------------------------------
                                            Name: Joseph Rotondo
                                            Title: Authorized Signatory

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                      Ares IV CLO Ltd

                                      By: Ares CLO Management IV, LP.,
                                          Investment Manager

                                      By: Ares CLO GP IV,LLC,
                                          Its Managing Member

                                      By: /s/ Seth J. Brufsky
                                          --------------------------------------
                                      Name: SETH J. BRUFSKY
                                      Title: VICE PRESIDENT

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                      Ares V CLO Ltd.

                                      By: Ares CLO Management V, L.P.,
                                          Investment Manager

                                      By: Ares CLO GP V, LLC,
                                          Its Managing Member

                                      By: /s/ Seth J. Brufsky
                                          --------------------------------------
                                      Name: SETH J. BRUFSKY
                                      Title: VICE PRESIDENT

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                      Ares VI CLO Ltd.

                                      By: Ares CLO Management VI, L.P.,
                                          Investment Manager

                                      By: Ares CLO GP VI, LLC,
                                          Its Managing Member

                                      By: /s/ Seth J. Brufsky
                                          --------------------------------------
                                      Name: SETH J. BRUFSKY
                                      Title: VICE PRESIDENT

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                      Ares VII CLO Ltd.

                                      By: Ares CLO Management VII, L.P.,
                                          Investment Manager

                                      By: Ares CLO GP VII, LLC.
                                          Its General Partner

                                      By: /s/ Seth J. Brufsky
                                          --------------------------------------
                                      Name: SETH J. BRUFSKY
                                      Title: VICE PRESIDENT

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                     AVALON CAPITAL LTD.
                                     By: INVESCO Senior Secured Management, Inc.
                                         As Portfolio Advisor

                                         By /s/ Joseph Rotondo
                                            ---------------------------------
                                            Name: Joseph Rotondo
                                            Title: Authorized Signatory

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                     AVALON CAPITAL LTD.
                                     By: INVESCO Senior Secured Management, Inc.
                                         As Portfolio Advisor

                                         By /s/ Joseph Rotondo
                                            ---------------------------------
                                            Name: Joseph Rotondo
                                            Title: Authorized Signatory

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                      BABSON CLO LTD. 2003-I
                                      By: David L. Babson & Company Inc.
                                          as Manager

                                      _________________________________________,
                                      as Lender

                                      By /s/ David P. Wells, CFA
                                         --------------------------------------
                                         Name: David P. Wells, CFA
                                         Title: Managing Director

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]
<PAGE>

                                        BILL & MELINDA GATES FOUNDATION
                                        By: David L. Babson & Company Inc. as
                                            Investment Adviser

                                        ______________________________________,
                                        as Lender

                                        By /s/ David P. Wells
                                           -----------------------------------
                                           Name:  David P. Wells, CFA
                                           Title:  Managing Director

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          Canadian Imperial Bank of Commerce,
                                          -----------------------------------
                                          as Lender

                                             By /s/ Marc Berg
                                                --------------------------------
                                                Name:  Marc Berg
                                                Title: Authorized Signatory

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                        Sankaty Advisors, LLC as Collateral
                                        Manager for CASTLE HILL I - INGOTS,
                                        LTD., as Term Lender

                                           ___________________________________,
                                           as Lender

                                           By /s/ Diane J. Exter
                                              --------------------------------
                                              Name:  DIANE J. EXTER
                                              Title: MANAGING DIRECTOR
                                                     PORTFOLIO MANAGER

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          Sankaty Advisors, LLC as Collateral
                                          Manager for CASTLE HILL II - INGOTS,
                                          LTD., as Term Lender

                                             ___________________________________
                                             as Lender

                                             By /s/ Diane J. Exter
                                                --------------------------------
                                                Name:  DIANE J. EXTER
                                                Title: MANAGING DIRECTOR
                                                       PORTFOLIO MANAGER

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                     CHARTER VIEW PORTFOLIO
                                     By: INVESCO Senior Secured Management, Inc.
                                         As Investment Advisor

                                        By /s/ Joseph Rotondo
                                           --------------------------------
                                           Name:  Joseph Rotondo
                                           Title: Authorized Signatory

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                             CITICORP USA, INC.,

                                             By /s/ [ILLEGIBLE]
                                                --------------------------------
                                                Name:
                                                Title:

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                             Cooksmill
                                             ----------------------------------,
                                             as Lender

                                             ___________________________________

                                             By /s/ Jon R.M Campbel
                                                --------------------------------
                                                Name:  Jon R.M Campbel
                                                Title: Authorized Signatory

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          Deutsche Bank Trust Company Americas,
                                          as Lender

                                          By /s/ Gregory P. Shefrm
                                             -----------------------------------
                                             Name:  Gregory P. Shefrm
                                             Title: Director

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          DIVERSIFIED CREDIT PORTFOLIO LTD.
                                             By: INVESCO Senior Secured
                                                 Management, Inc.
                                                 as Investment Adviser

                                             By /s/ Joseph Rotondo
                                                --------------------------------
                                                Name:  Joseph Rotondo
                                                Title: Authorized Signatory

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                            The Foothill Group, Inc.,
                                            -----------------------------------,
                                            as Lender

                                            By /s/ Sean T. Dixon
                                               --------------------------------
                                               Name:  Sean T. Dixon
                                               Title: Vice President

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

Franklin Floating Rate Trust               ___________________________________,
                                           as Lender
Franklin Floating Rate Master Series
                                           By /s/ Richard D'Addario
FRANKLIN FLOATING RATE                        --------------------------------
  DAILY ACCESS FUND                           Name:  Richard D'Addario
                                              Title: Senior Vice President
Franklin CLO II, Limited

Franklin CLO III, Limited

FRANKLIN CLO IV, LIMITED

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          Sankaty Advisors, LLC as Collateral
                                          Manager for GREAT POINT CLO 1999-1
                                          LTD., as Term Lender
                                          -------------------------------------,
                                          as Lender

                                             By /s/ DIANE J. EXTER
                                                --------------------------------
                                                Name:  DIANE J. EXTER
                                                Title: MANAGING DIRECTOR
                                                       PORTFOLIO MANAGER

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                             HARBOUR TOWN FUNDING LLC
                                             ------------------------,
                                             as Lender

                                             By /s/ Ann E. Morris
                                                --------------------------------
                                                Name:  ANN E. MORRIS
                                                Title: ASST VICE PRESIDENT

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          INVESCO EUROPEAN CDO I.S.A.
                                          By: INVESCO Senior Secured
                                                 Management, Inc.
                                                 As Collateral Manager

                                             By /s/ Joseph Rotondo
                                                --------------------------------
                                                Name:  JOSEPH ROTONDO
                                                Title: AUTHORIZED SIGNATORY

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                             JP Morgan Chase Bank
                                             --------------------,
                                             as Lender

                                             By /s/ William P. Rindfuss
                                                --------------------------------
                                                Name:  William P. Rindfuss
                                                Title: Vice President

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          Long Lane Master Trust IV
                                          By Flast National Bank
                                          as trust Administrator

                                             __________________________________,
                                             as Lender

                                             By /s/ Michael J. Sullivan
                                                --------------------------------
                                                Name:  Michael J. Sullivan
                                                Title: Vice President

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          MASSACHUSETTS MUTUAL LIFE INSURANCE
                                          COMPANY
                                          By: David L. Babson & Company Inc. as
                                          Investment Adviser

                                          _____________________________________,
                                          as Lender

                                          By /s/ David P. Wells
                                             -----------------------------------
                                             Name:  David P. Wells, CFA
                                             Title: Managing Director

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                     OASIS COLLATERALIZED HIGH INCOME
                                     PORTFOLIOS-I LTD.
                                     By: INVESCO Senior Secured Management, Inc.
                                          As Sub-Advisor

                                        By /s/ Joseph Rotondo
                                           --------------------------------
                                           Name:  Joseph Rotondo
                                           Title: Authorized Signatory

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          OCTAGON INVESTMENT PARTNERS V. LTD.
                                          By: Octagon Credit Investors, LLC
                                              as Portfolio Manager

                                             __________________________________,
                                             as Lender

                                             By /s/ Michael B. Nechamkin
                                                --------------------------------
                                                Name: Michael B. Nechamkin
                                                Title: Portfolio Manager

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          Sankaty Advisors, LLC as Collateral
                                          Manager for Race Point CLO, Limited,
                                          as Term Lender
                                             ----------------------------------,
                                             as Lender

                                             By /s/ Diane J. Exter
                                                --------------------------------
                                                Name:  DIANE J. EXTER
                                                Title: MANAGING DIRECTOR
                                                       PORTFOLIO MANAGER

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC.
                  SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>
`
                                         Sankaty Advisors, LLC as Collateral
                                         Manager for Race Point II CLO,
                                         Limited, as Term Lender
                                            -----------------------------------,
                                            as Lender

                                            By /s/ Diane J. Exter
                                               --------------------------------
                                               Name: DIANE J. EXTER
                                               Title: MANAGING DIRECTOR
                                                      PORTFOLIO MANAGER

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          SANKATY HIGH YIELD PARTNERS III, L.P.

                                             __________________________________,
                                             as Lender

                                             By /s/ Diane J. Exter
                                                --------------------------------
                                                Name:  DIANE J. EXTER
                                                Title: MANAGING DIRECTOR
                                                       PORTFOLIO MANAGER

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]

<PAGE>

                                          SARATOGA CLO I, LIMITED
                                          By: INVESCO Senior Secured Management,
                                              Inc.
                                              As Asset Manager

                                              By /s/ Joseph Rotondo
                                                 -------------------------------
                                                 Name:  Joseph Rotondo
                                                 Title: Authorized Signatory

            [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND
                     AMENDED AND RESTATED CREDIT AGREEMENT]
<PAGE>

                                          Seaboard CLO 2000 Ltd.
                                          By: David L. Babson & Company Inc. as
                                          Collateral Manager

                                          By: __________________________________
                                          as Lender

                                          By /s/ David P. Wells
                                             ----------------------------------
                                             Name: David P. Wells, CFA
                                             Title: Managing Director

  [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                          SEQUILS-LIBERTY, LTD.
                                          By: INVESCO Senior Secured Management,
                                              Inc. As Collateral Manager

                                          By /s/ Joseph Rotondo
                                             -----------------------------------
                                             Name: Joseph Rotondo
                                             Title: Authorized Signatory

  [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                          SIMSBURY CLO, LIMITED
                                          By: David L. Babson & Company Inc.
                                          under delegated authority from
                                          Massachusetts Mutual Life Insurance
                                          Company as Collateral Manager as
                                          Lender

                                          By  /s/ David P. Wells
                                             -----------------------------------
                                             Name: David P. Wells, CFA
                                             Title: Managing Director

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                        Stanfield Arbitrage CDO, LTD.
                                        By: Stanfield Capital Partners LLC
                                            as its Collateral Manager

                                        ______________________________________,
                                        as Lender

                                        By  /s/ Christopher A. Bondy
                                            ----------------------------------
                                            Name: Christopher A. Bondy
                                            Title: Partner

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                        Stanfield Carrera CLO, Ltd.
                                        BY: Stanfield Capital Partners LLC
                                        as its Asset Manager

                                           ___________________________________,
                                           as Lender

                                        By /s/ Christopher A. Bondy
                                           ----------------------------------
                                           Name: Christopher A. Bondy
                                           Title: Partner

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                       STEIN ROE & FARNHAM CLO I LTD.

                                       By: Columbia Management Advisors, Inc.
                                       (f/k/a Stein Roe & Farnham Incorporated),
                                       As Portfolio Manager

                                          _____________________________________,
                                          as Lender

                                       By  /s/ Kathleen A. Zarn
                                           ----------------------------------
                                           Name: Kathleen A. Zarn
                                           Title: Senior Vice President

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                        SUFFIELD CLO, LIMITED
                                        By: David L. Babson & Company Inc. as
                                        Collateral Manager

                                        ______________________________________,
                                        as Lender

                                        By /s/ David P. Wells
                                            ----------------------------------
                                            Name: David P. Wells, CFA
                                            Title: Managing Director

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                        THE TRAVELERS INSURANCE COMPANY

                                            ___________________________________,
                                            as Lender

                                        By  /s/ Matthew J. McInerny
                                            ----------------------------------
                                            Name: Matthew J. McInerny
                                            Title: Investment Officer

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                        TRS 1 LLC
                                        --------------------------------------,
                                        as Lender

                                        By  /s/ Alice L. Wagner
                                            ----------------------------------
                                            Name: Alice L. Wagner
                                            Title: Vice President

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                          TRS CALLISTO LLC, as Lender

                                          By  /s/ Alice L. Wagner
                                              ----------------------------------
                                              Name: Alice L. Wagner
                                              Title: Vice President

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                                        TRYON CLO LTD. 2000-I
                                        ELC (CAYMAN) LTD. 2000-I

                                        ELC. (CAYMAN) LTD. CDO SERIES 1999-I
                                        ELC. (CAYMAN) LTD.
                                        APEX (IDM)CDO I, LTD.
                                        ELC (CAYMAN) LTD. 1999-II
                                        ELC (CAYMAN) LTD. 1999-III

                                        ______________________________________,
                                        as Lender

                                        By: David L. Babson & Company Inc. as,
                                            Collateral Manager

                                        By /s/ David P. Wells
                                            ----------------------------------
                                            Name: David P. Wells, CFA
                                            Title: Managing Director

   [SIGNATURE PAGE TO AMENDMENT NO. 1 AMKOR TECHNOLOGY INC. SECOND AMENDED AND
                           RESTATED CREDIT AGREEMENT]

<PAGE>

                         CONSENT OF SUBSIDIARY GUARANTOR

                                     Dated as of [_______________________], 2003

                  Each of the undersigned corporations, as a Subsidiary
Guarantor under the Subsidiary Guaranty dated April 28, 2000 (as confirmed by
the Guaranty and Security Confirmation dated as of April 22, 2003, the
"Subsidiary Guaranty") in favor of the Secured Parties under the Credit
Agreement referred to in the foregoing Amendment, hereby consents to such
Amendment and hereby confirms and agrees that notwithstanding the effectiveness
of such Amendment, the Subsidiary Guaranty is, and shall continue to be, in full
force and effect and is hereby ratified and confirmed in all respects, except
that, on and after the effectiveness of such Amendment, each reference in the
Subsidiary Guaranty to the "Credit Agreement", "thereunder", "thereof" or words
of like import shall mean and be a reference to the Credit Agreement, as amended
by such Amendment.

                                          GUARDIAN ASSETS, INC.

                                          By: __________________________________
                                              Name:
                                              Title:exv4w3

 

Exhibit 4.3

PENN VIRGINIA CORPORATION,

as Issuer,

PENN VIRGINIA HOLDING CORP.

PENN VIRGINIA OIL & GAS CORPORATION (a Virginia Corporation)

PENN VIRGINIA OIL & GAS CORPORATION (a Texas Corporation)

PENN VIRGINIA RESOURCE GP, LLC

PENN VIRGINIA RESOURCE LP CORP.

and

KANAWHA RAIL CORP.

as Subsidiary Guarantors,

and

_______________ ,

as Trustee

SENIOR INDENTURE

Dated as of _____________

 

 

CROSS-REFERENCE TABLE

	 	 	 	 	 	 	 
	TIA Section	 	Indenture Section
	310	 	
(a)(1)
	 	 	609	 
	 	 	
(a)(2)
	 	 	609	 
	 	 	
(a)(3)
	 	 	N.A.	 
	 	 	
(a)(4)
	 	 	N.A.	 
	 	 	
(b)
	 	 	608	 
	 	 	 	 	 	610	 
	311	 	
(a)
	 	 	613	 
	 	 	
(b)
	 	 	613	 
	312	 	
(a)
	 	 	701	 
	 	 	 	 	 	702	 
	 	 	
(b)
	 	 	702	 
	 	 	
(c)
	 	 	702	 
	313	 	
(a)
	 	 	703	 
	 	 	
(b)
	 	 	703	 
	 	 	
(c)
	 	 	703	 
	 	 	
(d)
	 	 	703	 
	314	 	
(a)
	 	 	704	 
	 	 	
(a)(4)
	 	 	101	 
	 	 	 	 	 	1001	 
	 	 	
(b)
	 	 	N.A.	 
	 	 	
(c)(1)
	 	 	102	 
	 	 	
(c)(2)
	 	 	102	 
	 	 	
(c)(3)
	 	 	N.A.	 
	 	 	
(d)
	 	 	N.A.	 
	 	 	
(e)
	 	 	102	 
	315	 	
(a)
	 	 	601	 
	 	 	
(b)
	 	 	602	 
	 	 	
(c)
	 	 	601	 
	 	 	
(d)
	 	 	601	 
	 	 	
(e)
	 	 	514	 
	316	 	
(a)
	 	 	101	 
	316	 	
(a)(1)(A)
	 	 	502	 
	 	 	 	 	 	512	 
	 	 	
(a)(1)(B)
	 	 	513	 
	 	 	
(a)(2)
	 	 	N.A.	 
	 	 	
(b)
	 	 	508	 
	 	 	
(c)
	 	 	104	 
	317	 	
(a)(1)
	 	 	503	 
	 	 	
(a)(2)
	 	 	504	 
	 	 	
(b)
	 	 	1003	 
	318	 	
(a)
	 	 	107	 

N.A. means Not Applicable

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

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	 	 	PAGE
	 	 	
ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION	 	 
	Section 101.	 	
Definitions.
	 	  2
	Section 102.	 	
Compliance Certificates and Opinions.
	 	  8
	Section 103.	 	
Form of Documents Delivered to Trustee.
	 	  8
	Section 104.	 	
Acts of Holders; Record Dates.
	 	  9
	Section 105.	 	
Notices, Etc., to Trustee and Company.
	 	11
	Section 106.	 	
Notice to Holders; Waiver.
	 	11
	Section 107.	 	
Conflict with Trust Indenture Act.
	 	11
	Section 108.	 	
Effect of Headings and Table of Contents.
	 	12
	Section 109.	 	
Successors and Assigns.
	 	12
	Section 110.	 	
Separability Clause.
	 	12
	Section 111.	 	
Benefits of Indenture.
	 	12
	Section 112.	 	
Governing Law.
	 	12
	Section 113.	 	
Legal Holidays.
	 	12
	 	 	
ARTICLE TWO

SECURITY FORMS	 	 
	Section 201.	 	
Forms Generally.
	 	13
	Section 202.	 	
Form of Face of Security.
	 	13
	Section 203.	 	
Form of Reverse of Security.
	 	15
	Section 204.	 	
Form of Conversion Notice.
	 	19
	Section 205.	 	
Form of Legend for Global Securities.
	 	21
	Section 206.	 	
Form of Trustee’s Certificate of Authentication.
	 	21
	 	 	
ARTICLE THREE

THE SECURITIES	 	 
	Section 301.	 	
Amount Unlimited; Issuable in Series.
	 	21
	Section 302.	 	
Denominations.
	 	24
	Section 303.	 	
Execution, Authentication, Delivery and Dating.
	 	24
	Section 304.	 	
Temporary Securities.
	 	26
	Section 305.	 	
Registration, Registration of Transfer and Exchange.
	 	26
	Section 306.	 	
Mutilated, Destroyed, Lost and Stolen Securities.
	 	28
	Section 307.	 	
Payment of Interest; Interest Rights Preserved.
	 	29
	Section 308.	 	
Persons Deemed Owners.
	 	30
	Section 309.	 	
Cancellation.
	 	30
	Section 310.	 	
Computation of Interest.
	 	31
	 	 	
ARTICLE FOUR

SATISFACTION AND DISCHARGE	 	 
	Section 401.	 	
Satisfaction and Discharge of Indenture.
	 	31

ii

 

	 	 	 	 	 
	 	 	 	 	PAGE
	Section 402.	 	
Application of Trust Money.
	 	32
	 	 	
ARTICLE FIVE

REMEDIES	 	 
	Section 501.	 	
Events of Default.
	 	32
	Section 502.	 	
Acceleration of Maturity; Rescission and Annulment.
	 	34
	Section 503.	 	
Collection of Indebtedness and Suits for Enforcement by Trustee.
	 	35
	Section 504.	 	
Trustee May File Proofs of Claim.
	 	35
	Section 505.	 	
Trustee May Enforce Claims Without Possession of Securities.
	 	36
	Section 506.	 	
Application of Money Collected.
	 	36
	Section 507.	 	
Limitation on Suits.
	 	36
	Section 508.	 	
Unconditional Right of Holders to Receive Principal, Premium and
Interest and to Convert.
	 	37
	Section 509.	 	
Restoration of Rights and Remedies.
	 	37
	Section 510.	 	
Rights and Remedies Cumulative.
	 	37
	Section 511.	 	
Delay or Omission Not Waiver.
	 	38
	Section 512.	 	
Control by Holders.
	 	38
	Section 513.	 	
Waiver of Past Defaults.
	 	38
	Section 514.	 	
Undertaking for Costs.
	 	38
	Section 515.	 	
Waiver of Usury, Stay or Extension Laws.
	 	39
	 	 	
ARTICLE SIX

THE TRUSTEE	 	 
	Section 601.	 	
Certain Duties and Responsibilities.
	 	39
	Section 602.	 	
Notice of Defaults.
	 	39
	Section 603.	 	
Certain Rights of Trustee.
	 	39
	Section 604.	 	
Not Responsible for Recitals or Issuance of Securities.
	 	40
	Section 605.	 	
May Hold Securities.
	 	41
	Section 606.	 	
Money Held in Trust.
	 	41
	Section 607.	 	
Compensation and Reimbursement.
	 	41
	Section 608.	 	
Conflicting Interests.
	 	42
	Section 609.	 	
Corporate Trustee Required; Eligibility.
	 	42
	Section 610.	 	
Resignation and Removal; Appointment of Successor.
	 	42
	Section 611.	 	
Acceptance of Appointment by Successor.
	 	43
	Section 612.	 	
Merger, Conversion, Consolidation or Succession to Business.
	 	45
	Section 613.	 	
Preferential Collection of Claims Against Company.
	 	45
	Section 614.	 	
Appointment of Authenticating Agent.
	 	45
	 	 	
ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	 	 
	Section 701.	 	
Company to Furnish Trustee Names and Addresses of Holders.
	 	46
	Section 702.	 	
Preservation of Information; Communications to Holders.
	 	47
	Section 703.	 	
Reports by Trustee.
	 	47
	Section 704.	 	
Reports by Company.
	 	47

iii

 

	 	 	 	 	 
	 	 	 	 	PAGE
	 	 	
ARTICLE EIGHT

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	 	 
	Section 801.	 	
Company May Consolidate, Etc., Only on Certain Terms.
	 	48
	Section 802.	 	
Successor Substituted.
	 	49
	 	 	
ARTICLE NINE

SUPPLEMENTAL INDENTURES	 	 
	Section 901.	 	
Supplemental Indentures Without Consent of Holders.
	 	49
	Section 902.	 	
Supplemental Indentures With Consent of Holders.
	 	51
	Section 903.	 	
Execution of Supplemental Indentures.
	 	52
	Section 904.	 	
Effect of Supplemental Indentures.
	 	52
	Section 905.	 	
Conformity with Trust Indenture Act.
	 	52
	Section 906.	 	
Reference in Securities to Supplemental Indentures.
	 	52
	 	 	
ARTICLE TEN

COVENANTS	 	 
	Section 1001.	 	
Payment of Principal, Premium and Interest.
	 	53
	Section 1002.	 	
Maintenance of Office or Agency.
	 	53
	Section 1003.	 	
Money for Securities Payments to Be Held in Trust.
	 	53
	Section 1004.	 	
Statement by Officers as to Default.
	 	54
	Section 1005.	 	
Existence.
	 	55
	Section 1006.	 	
Maintenance of Properties.
	 	55
	Section 1007.	 	
Payment of Taxes and Other Claims.
	 	55
	Section 1008.	 	
Maintenance of Insurance.
	 	55
	Section 1009.	 	
Waiver of Certain Covenants.
	 	56
	 	 	
ARTICLE ELEVEN

REDEMPTION OF SECURITIES	 	 
	Section 1101.	 	
Applicability of Article.
	 	56
	Section 1102.	 	
Election to Redeem; Notice to Trustee.
	 	56
	Section 1103.	 	
Selection by Trustee of Securities to Be Redeemed.
	 	56
	Section 1104.	 	
Notice of Redemption.
	 	57
	Section 1105.	 	
Deposit of Redemption Price.
	 	58
	Section 1106.	 	
Securities Payable on Redemption Date.
	 	58
	Section 1107.	 	
Securities Redeemed in Part.
	 	59
	 	 	
ARTICLE TWELVE

[INTENTIONALLY DELETED]
	 	 
	 	 	
ARTICLE THIRTEEN

CONVERSION OF SECURITIES	 	 
	Section 1301.	 	
Applicability of Article.
	 	59
	Section 1302.	 	
Exercise of Conversion Privilege.
	 	59
	Section 1303.	 	
No Fractional Shares.
	 	60
	Section 1304.	 	
Adjustment of Conversion Price.
	 	61
	Section 1305.	 	
Notice of Certain Corporate Actions.
	 	61
	Section 1306.	 	
Reservation of Shares of Common Stock.
	 	62

iv

 

	 	 	 	 	 
	 	 	 	 	PAGE
	Section 1307.	 	
Payment of Certain Taxes Upon Conversion.
	 	62
	Section 1308.	 	
Nonassessability.
	 	62
	Section 1309.	 	
Effect of Consolidation or Merger on Conversion Privilege.
	 	62
	Section 1310.	 	
Duties of Trustee Regarding Conversion.
	 	64
	Section 1311.	 	
Repayment of Certain Funds Upon Conversion.
	 	64
	 	 	
ARTICLE FOURTEEN

DEFEASANCE AND COVENANT DEFEASANCE	 	 
	Section 1401.	 	
Company’s Option to Effect Defeasance or Covenant Defeasance.
	 	64
	Section 1402.	 	
Defeasance and Discharge.
	 	64
	Section 1403.	 	
Covenant Defeasance.
	 	65
	Section 1404.	 	
Conditions to Defeasance or Covenant Defeasance.
	 	65
	Section 1405.	 	
Deposited Money and U.S. Government Obligations to Be Held in Trust;
Miscellaneous Provisions.
	 	67
	Section 1406.	 	
Reinstatement.
	 	68
	 	 	
ARTICLE FIFTEEN

SINKING FUNDS	 	 
	Section 1501.	 	
Applicability of Article.
	 	68
	Section 1502.	 	
Satisfaction of Sinking Fund Payments with Securities.
	 	69
	Section 1503.	 	
Redemption of Securities for Sinking Fund.
	 	69
	 	 	
ARTICLE SIXTEEN

GUARANTEE	 	 
	Section 1601.	 	
Unconditional Guarantee.
	 	69
	Section 1602.	 	
Execution and Delivery of Guarantee.
	 	71
	Section 1603.	 	
Limitation on Subsidiary Guarantors’ Liability.
	 	72
	Section 1604.	 	
Release of Subsidiary Guarantors from Guarantee.
	 	72
	Section 1605.	 	
Subsidiary Guarantor Contribution.
	 	72
	 	 	
ANNEX A	 	 
	NOTATION OF GUARANTEE	 	76

v

 

     INDENTURE, dated as of        , among Penn Virginia Corporation, a
corporation duly organized and existing under the laws of the Commonwealth of
Virginia (herein called the “Company”), having its principal office at One
Radnor Corporate Center, 100 Matsonford Road, Radnor, Pennsylvania 19087, and
Penn Virginia Holding Corp., a Delaware corporation, Penn Virginia Oil & Gas
Corporation (a Virginia corporation), Penn Virginia Oil & Gas Corporation (a
Texas corporation), Penn Virginia Resource GP, LLC, a Delaware limited
liability company, Penn Virginia Resource LP Corp., a Delaware corporation, and
Kanawha Rail Corp., a Virginia corporation, (together, the “Subsidiary
Guarantors”), and               , a        banking
corporation, as Trustee (herein called the “Trustee”).

RECITALS OF THE COMPANY AND THE SUBSIDIARY GUARANTORS

     The Company and the Subsidiary Guarantors have duly authorized the
execution and delivery of this Indenture to provide for the issuance from time
to time of the Company’s unsecured debentures, notes or other evidences of
indebtedness to be issued in one or more series (herein called the
“Securities”), and the Guarantee by each of the Subsidiary Guarantors of the
Securities, as in this Indenture provided.

     The Company and the Subsidiary Guarantors are members of the same
consolidated group of companies. The Subsidiary Guarantors will derive direct
and indirect economic benefit from the issuance of the Securities.
Accordingly, each Subsidiary Guarantor has duly authorized the execution and
delivery of this Indenture to provide for its full, unconditional and joint and
several Guarantee of the Securities to the extent provided in or pursuant to
this Indenture.

     This Indenture is subject to the provisions of the Trust Indenture Act of
1939, as amended, that are required to be a part of this Indenture and shall,
to the extent applicable, be governed by such provisions.

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

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     For and in consideration of the premises and the purchase of the
Securities by the Holders thereof, it is mutually agreed, for the equal and
proportionate benefit of all Holders of the Securities or of series thereof, as
follows:

1

 

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

Section 101. Definitions.

     For all purposes of this Indenture, except as otherwise expressly provided
or unless the context otherwise requires:

		
	 	     (1) the terms defined in this Article have the meanings
assigned to them in this Article and include the plural as well as
the singular;

		
	 	     (2) all other terms used herein which are defined in the Trust
Indenture Act, or the Securities Act of 1933, as amended, as amend
either directly or by reference therein, have the meanings assigned
to them therein;

		
	 	     (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted
accounting principles, and, except as otherwise herein expressly
provided, the term “generally accepted accounting principles” with
respect to any computation required or permitted hereunder shall
mean such accounting principles as are generally accepted at the
date of this instrument;

		
	 	     (4) unless the context otherwise requires, any reference to an
“Article” or a “Section” refers to an Article or a Section, as the
case may be, of this Indenture; and

		
	 	     (5) the words “herein”, “hereof” and “hereunder” and other
words of similar import refer to this Indenture as a whole and not
to any particular Article, Section or other subdivision.

     “Act”, when used with respect to any Holder, has the meaning specified in
Section 104.

     “Affiliate” of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For the purposes of this definition,
“control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise;
and the terms “controlling” and “controlled” have meanings correlative to the
foregoing; provided that direct or indirect beneficial ownership of 10% or more
of the Voting Stock of a Person shall be deemed to control.

     “Authenticating Agent” means any Person authorized by the Trustee pursuant
to Section 614 to act on behalf of the Trustee to authenticate Securities of
one or more series.

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

2

 

     “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 its Board
of Directors and to be in full force and effect on the date of such
certification, and delivered to the Trustee.

     “Business Day”, when used with respect to any Place of Payment, means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which
banking institutions in that Place of Payment are authorized or obligated by
law or executive order to close.

     “Capital Stock” of any Person means any and all shares, interests,
participations or other equivalents (however designated) of corporate stock or
other equity participations, including partnership interests, whether general
or limited, of such Person.

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

     “Common Stock” means the Company’s common stock, par value $6.25 per
share, and shall include securities of any class, however designated, which are
convertible into such Common Stock.

     “Company” means the Person named as the “Company” in the first paragraph
of this instrument until a successor Person shall have become such pursuant to
the applicable provisions of this Indenture, and thereafter “Company” shall
mean such successor Person.

     “Company Request” or “Company Order” means a written request or order
signed in the name of the Company by its Chairman of the Board, its Vice
Chairman of the Board, its President or a Vice President, and delivered to the
Trustee.

     “Corporate Trust Office” means the principal office of the Trustee in the
City of New York, New York at which at any particular time its corporate trust
business shall be administered.

     “corporation” means a corporation, association, company, joint-stock
company, partnership or business trust.

     “Covenant Defeasance” has the meaning specified in Section 1403.

     “Debt” of any Person at any date means any obligation created or assumed
by such Person for the repayment of borrowed money and any Guarantee thereof.

     “Defaulted Interest” has the meaning specified in Section 307.

     “Defeasance” has the meaning specified in Section 1402.

     “Depositary” means, with respect to Securities of any series issuable in
whole or in part in the form of one or more Global Securities, a clearing
agency registered under the Exchange Act that is designated to act as
Depositary for such Securities as contemplated by Section 301.

3

 

     “Event of Default” has the meaning specified in Section 501.

     “Exchange Act” means the Securities Exchange Act of 1934 and any statute
successor thereto, in each case as amended from time to time.

     “Expiration Date” has the meaning specified in Section 104.

     “Funding Guarantor” has the meaning specified in Section 1605.

     “Global Security” means a Security that evidences all or part of the
Securities of any series and bears the legend set forth in Section 205 (or such
legend as may be specified as contemplated by Section 301 for such Securities).

     “Guarantee” means any obligation, contingent or otherwise, of any Person
directly or indirectly Guaranteeing any Debt or other obligation of any other
Person and any obligation, direct or indirect, contingent or otherwise, of such
Person (a) to purchase or pay (or advance or supply funds for the purchase or
payment of) such Debt or other obligation of such other Person (whether arising
by virtue of partnership arrangements, or by agreement to keep-well, to
purchase assets, goods, securities or services, to take-or-pay, or to maintain
financial statement conditions or otherwise) or (b) entered into for purposes
of assuring in any other manner the obligee of such Debt or other obligation of
the payment thereof or to protect such obligee against loss in respect thereof
(in whole or in part); provided, however, that the term “Guarantee” shall not
include endorsements for collection or deposit in the ordinary course of
business. The term “Guarantee” used as a verb has a corresponding meaning.

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

     “Indenture” means this instrument as originally executed and as it may
from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions 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 301.

     “interest”, when used with respect to an Original Issue Discount Security
which by its terms bears interest only after Maturity, means interest payable
after Maturity.

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

     “Investment Company Act” means the Investment Company Act of 1940 and any
statute successor thereto, in each case as amended from time to time.

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

4

 

     “Notice of Default” means a written notice of the kind specified in
Section 501(4).

     “Officer’s Certificate” means a certificate signed by the Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President, of the
Company and delivered to the Trustee. The officer signing the Company’s
Officer’s Certificate given pursuant to Section 1004 shall be the principal
executive, financial or accounting officer of the Company.

     “Opinion of Counsel” means, as to the Company, a written opinion of
counsel, who may be counsel for the Company and who shall be acceptable to the
Trustee.

     “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 502.

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

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

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

		
	 	     (3) Securities as to which Defeasance has been effected pursuant to
Section 1402; and

		
	 	     (4) Securities which have been paid pursuant to Section 306 or in
exchange for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture, other than any such Securities
in respect of which there shall have been presented to the Trustee proof
satisfactory to it that such Securities are held by a bona fide purchaser
in whose hands such Securities are valid obligations of the Company;

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, (A) 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 502, (B)
if, as of such date, the principal amount payable at the Stated Maturity of a
Security is not determinable, the principal amount of such Security which shall
be deemed to be Outstanding shall be the amount as specified or determined as
contemplated by Section 301, (C) the principal amount of a Security denominated
in one or more foreign currencies or currency units which shall be deemed to be
Outstanding shall be the U.S. dollar equivalent, determined as of such date in
the manner provided as contemplated by Section 301, of the principal amount of
such Security (or, in the

5

 

case of a Security described in Clause (A) or (B) above, of the amount
determined as provided in such Clause), and (D) Securities owned by the Company
or any other obligor upon the Securities or any Affiliate of the Company of
such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying
upon any such request, demand, authorization, direction, notice, consent,
waiver or other action, only Securities which the Trustee knows to be so owned
shall be so disregarded. Securities so owned which have been pledged in good
faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such
Securities and that the pledgee is not the Company or any other obligor upon
the Securities or any Affiliate of the Company or of such other obligor.

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

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

     “Place of Payment”, when used with respect to the Securities of any
series, means the place or places where the principal of and any premium and
interest on the Securities of that series are payable as specified as
contemplated by Section 301.

     “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 306 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Security shall be deemed to evidence the
same debt as the mutilated, destroyed, lost or stolen Security.

     “Redemption Date”, when used with respect to any Security to be redeemed,
means the date fixed for such redemption by or pursuant to this Indenture.

     “Redemption Price”, when used with respect to any Security to be redeemed,
means the price at which it is to be redeemed pursuant to this Indenture.

     “Regular Record Date” for the interest payable on any Interest Payment
Date on the Securities of any series means the date specified for that purpose
as contemplated by Section 301.

     “Securities” has the meaning stated in the first recital of this Indenture
and more particularly means any Securities authenticated and delivered under
this Indenture.

     “Securities Act” means the Securities Act of 1933 and any statute
successor thereto, in each case as amended from time to time.

     “Security Register” and “Security Registrar” have the respective meanings
specified in Section 305.

     “Special Record Date” for the payment of any Defaulted Interest means a
date fixed by the Trustee pursuant to Section 307.

6

 

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

     “Subsidiary” of any Person means (1) a corporation more than 50% of the
combined voting power of the outstanding Voting Stock of which is owned,
directly or indirectly, by such Person or by one or more other Subsidiaries of
such Person or by such Person and one or more Subsidiaries thereof or (2) any
other Person (other than a corporation) in which such Person, or one or more
other Subsidiaries of such Person or such Person and one or more other
Subsidiaries thereof, directly or indirectly, has at least a majority ownership
and power to direct the policies, management and affairs thereof.

     “Subsidiary Guarantors” means the Person or Persons named as the
“Subsidiary Guarantors” in the first paragraph of this instrument until a
successor Person or Persons shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Subsidiary Guarantors” shall mean
such successor Person or Persons, and any other Subsidiary of the Company who
may execute this Indenture, or a supplement thereto, for the purpose of
providing a Guarantee of Securities pursuant to this Indenture.

     “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at
the date as of which this instrument was executed; provided, however, that in
the event the Trust Indenture Act of 1939 is amended after such date, “Trust
Indenture Act” means, to the extent required by any such amendment, the Trust
Indenture Act of 1939 as so amended.

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

     “U.S. Government Obligation” has the meaning specified in Section 1404.

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

     “Voting Stock” of any Person means Capital Stock of such Person which
ordinarily has voting power for the election of directors (or persons
performing similar functions) of such Person, whether at all times or only so
long as no senior class of securities has such voting power by reason of any
contingency.

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

7

 

Section 102. Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take or
refrain from taking any action under any provision of this Indenture, the
Company shall furnish to the Trustee such certificates and opinions as may be
required under the Trust Indenture Act. Each such certificate or opinion shall
be given in the form of an Officer’s Certificate, if to be given by an officer
of the Company, or an Opinion of Counsel, if to be given by counsel, and shall
comply with the requirements of the Trust Indenture Act and any other
requirements set forth in this Indenture.

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

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

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

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

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

Section 103. Form of Documents Delivered to Trustee.

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

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

8

 

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

Section 104. Acts of Holders; Record Dates.

     Any request, demand, authorization, direction, notice, consent, waiver or
other action provided or permitted by this Indenture to be given, made or taken
by Holders may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Holders in person or by agent duly
appointed in writing; and, except as herein otherwise expressly provided, such
action shall become effective when such instrument or instruments are delivered
to the Trustee and, where it is hereby expressly required, to the Company. Such
instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of
a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and (subject to Section 601) conclusive in favor of the Trustee and
the Company, if made in the manner provided in this Section.

     The fact and date of the execution by any Person of any such instrument or
writing may be proved by the affidavit of a witness of such execution or by a
certificate of a notary public or other officer authorized by law to take
acknowledgments of deeds, certifying that the individual signing such
instrument or writing acknowledged to him the execution thereof. Where such
execution is by a signer acting in a capacity other than his individual
capacity, such certificate or affidavit shall also constitute sufficient proof
of his authority. The fact and date of the execution of any such instrument or
writing, or the authority of the Person executing the same, may also be proved
in any other manner which the Trustee deems sufficient.

     The ownership of Securities shall be proved by the Security Register.

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

     The Company may set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to
give, make or take any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders of Securities of such series, provided that the
Company may not set a record date for, and the provisions of this paragraph
shall not apply with respect to, the giving or making of any notice,
declaration, request or direction referred to in the next paragraph. If any
record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of the relevant series on such record date, and no other Holders,
shall be entitled to take the relevant action, whether or not such Holders
remain Holders after such record date; provided that no such action shall be
effective hereunder unless taken on or prior to the applicable Expiration Date
by Holders of the requisite principal amount of Outstanding

9

 

Securities of such series on such record date. Nothing in this paragraph
shall be construed to prevent the Company from setting a new record date for
any action for which a record date has previously been set pursuant to this
paragraph (whereupon the record date previously set shall automatically and
with no action by any Person be cancelled and of no effect), and nothing in
this paragraph shall be construed to render ineffective any action taken by
Holders of the requisite principal amount of Outstanding Securities of the
relevant series on the date such action is taken. Promptly after any record
date is set pursuant to this paragraph, the Company, at its own expense, shall
cause notice of such record date, the proposed action by Holders and the
applicable Expiration Date to be given to the Trustee in writing and to each
Holder of Securities of the relevant series in the manner set forth in Section
106.

     The Trustee may set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to
join in the giving or making of (i) any Notice of Default, (ii) any declaration
of acceleration referred to in Section 502, (iii) any request to institute
proceedings referred to in Section 507(2) or (iv) any direction referred to in
Section 512, in each case with respect to Securities of such series. If any
record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of such series on such record date, and no other Holders, shall be
entitled to join in such notice, declaration, request or direction, whether or
not such Holders remain Holders after such record date; provided that no such
action shall be effective hereunder unless taken on or prior to the applicable
Expiration Date by Holders of the requisite principal amount of Outstanding
Securities of such series on such record date. Nothing in this paragraph shall
be construed to prevent the Trustee from setting a new record date for any
action for which a record date has previously been set pursuant to this
paragraph (whereupon the record date previously set shall automatically and
with no action by any Person be cancelled and of no effect), and nothing in
this paragraph shall be construed to render ineffective any action taken by
Holders of the requisite principal amount of Outstanding Securities of the
relevant series on the date such action is taken. Promptly after any record
date is set pursuant to this paragraph, the Trustee, at the Company’s expense,
shall cause notice of such record date, the proposed action by Holders and the
applicable Expiration Date to be given to the Company in writing and to each
Holder of Securities of the relevant series in the manner set forth in Section
106.

     With respect to any record date set pursuant to this Section, the party
hereto which sets such record dates may designate any day as the “Expiration
Date” and from time to time may change the Expiration Date to any earlier or
later day; provided that no such change shall be effective unless notice of the
proposed new Expiration Date is given to the other party hereto in writing, and
to each Holder of Securities of the relevant series in the manner set forth in
Section 106, on or prior to the existing Expiration Date. If an Expiration Date
is not designated with respect to any record date set pursuant to this Section,
the party hereto which set such record date shall be deemed to have initially
designated the 180th day after such record date as the Expiration Date with
respect thereto, subject to its right to change the Expiration Date as provided
in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be
later than the 180th day after the applicable record date.

     Without limiting the foregoing, a Holder entitled hereunder to take any
action hereunder with regard to any particular Security may do so with regard
to all or any part of the principal

10

 

amount of such Security or by one or more duly appointed agents each of
which may do so pursuant to such appointment with regard to all or any part of
such principal amount.

Section 105. Notices, Etc., to Trustee and Company.

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

		
	 	     (1) the Trustee by any Holder or by the Company or by any
Subsidiary Guarantor shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with
the Trustee at its Corporate Trust Office, Attention: Corporate
Finance Trust Services, or

		
	 	     (2) the Company or the Subsidiary Guarantors by the Trustee or
by any Holder shall be sufficient for every purpose hereunder
(unless otherwise herein expressly provided) if in writing and
mailed, first-class postage prepaid, addressed to the Company at
the address of its principal office specified in the first
paragraph of this instrument or at any other address previously
furnished in writing to the Trustee by the Company or the
Subsidiary Guarantors.

Section 106. Notice to Holders; Waiver.

     Where this Indenture provides for notice to Holders of any event, such
notice shall be sufficiently given (unless otherwise herein expressly provided)
if in writing and mailed, first-class postage prepaid, to each Holder affected
by such event, at his address as it appears in the Security Register, not later
than the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to Holders
is given by mail, neither the failure to mail such notice, nor any defect in
any notice so mailed, to any particular Holder shall affect the sufficiency of
such notice with respect to other Holders. If notice is mailed to Holders in
the manner provided in this Section 106, it is duly given, whether or not the
addressee receives it. Where this Indenture provides for notice in any manner,
such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the
equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of
any action taken in reliance upon such waiver.

     In case by reason of the suspension of regular mail service or by reason
of any other cause it shall be impracticable to give such notice by mail, then
such notification as shall be made with the approval of the Trustee shall
constitute a sufficient notification for every purpose hereunder.

Section 107. Conflict with Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with a provision of
the Trust Indenture Act which is required under such Act to be a part of and
govern this Indenture, the latter provision shall control. If any provision of
this Indenture modifies or excludes any

11

 

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 108. Effect of Headings and Table of Contents.

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

Section 109. Successors and Assigns.

     All covenants and agreements in this Indenture by the Company, the
Subsidiary Guarantors or the Trustee shall bind their respective successors and
assigns, whether so expressed or not.

Section 110. Separability Clause.

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

Section 111. Benefits of Indenture.

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

Section 112. Governing Law.

     This Indenture and the Securities shall be governed by and construed in
accordance with the law of the State of New York.

Section 113. Legal Holidays.

     In any case where any Interest Payment Date, Redemption Date, purchase
date or Stated Maturity of any Security shall not be a Business Day at any
Place of Payment, then (notwithstanding any other provision of this Indenture
or of the Securities (other than a provision of any Security which specifically
states that such provision shall apply in lieu of this Section)) payment of
interest or principal (and premium, if any) need not be made at such Place of
Payment on such date, but may be made on the next succeeding Business Day at
such Place of Payment with the same force and effect as if made on the Interest
Payment Date, Redemption Date or purchase date, or at the Stated Maturity.

12

 

ARTICLE TWO

SECURITY FORMS

Section 201. Forms Generally.

     The Securities of each series shall be in substantially the form set forth
in this Article, or in such other form as shall be established by or pursuant
to a Board Resolution or in one or more indentures supplemental hereto, in each
case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such
letters, numbers or other marks of identification and such legends or
endorsements placed thereon as may be required to comply with the rules of any
securities exchange or Depositary therefor or as may, consistently herewith, be
determined by the officers executing such Securities as evidenced by their
execution thereof. If the form of Securities of any series is 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
Company Order contemplated by Section 303 for the authentication and delivery
of such Securities.

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

Section 202. Form of Face of Security.

     [Insert any legend required by the Internal Revenue Code and the regulations
thereunder.]

Penn Virginia Corporation

	 	 	 	 	 	 	 	 	 
	No.	 	 	 	 	 	$	 	 

     Penn Virginia Corporation a corporation duly organized and existing under
the laws of the Commonwealth of Virginia (herein called the “Company”, which
term includes any successor Person under the Indenture hereinafter referred
to), for value received, hereby promises to pay to                  ,
or registered assigns, the principal
sum of                  Dollars on              [if
the Security is to bear interest prior to Maturity, insert — , and to pay
interest thereon from           or from the most recent Interest Payment
Date to which interest has been paid or duly provided for, semi- annually on        
and        in each year,
commencing           , at the rate
of    % per annum, until the principal hereof is paid or made available for
payment, provided that any principal and premium, and any such installment of
interest, which is overdue shall bear interest at the rate of    % per annum
(to the extent that the payment of such interest shall be legally enforceable),
from the dates such amounts are due until they are paid or made available for
payment, and such interest shall be payable on demand. The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as
provided in such Indenture, be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on the

13

 

Regular Record Date for such interest, which shall be the    or    (whether
or not a Business Day), as the case may be, next preceding such
Interest Payment Date. Any such interest not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture].

     [If the Security is not to bear interest prior to Maturity, insert — The
principal of this Security shall not bear interest except in the case of a
default in payment of principal upon acceleration, upon redemption or at Stated
Maturity and in such case the overdue principal and any overdue premium shall
bear interest at the rate of ....% per annum (to the extent that the payment of
such interest shall be legally enforceable), from the dates such amounts are
due until they are paid or made available for payment. Interest on any overdue
principal or premium shall be payable on demand. Any such interest on overdue
principal or premium which is not paid on demand shall bear interest at the
rate of ......% per annum (to the extent that the payment of such interest on
interest shall be legally enforceable), from the date of such demand until the
amount so demanded is paid or made available for payment. Interest on any
overdue interest shall be payable on demand.]

     Payment of the principal of (and premium, if any) and [if applicable,
insert — any such] interest on this Security will be made at the office or
agency of the Company maintained for that purpose in      , in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts; 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.

     Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

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

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

	 	 	 	 	 
	Dated:	 	 	 	 
	 	 	 	 	 
	 	 	Penn Virginia Corporation
	 	 	 	 	 
	 	 	
By	 	 
	 	 	 	 	

14

 

Section 203. Form of Reverse of Security.

     This Security is one of a duly authorized issue of securities of the
Company (herein called the “Securities”), issued and to be issued in one or
more series under an Indenture, dated as of           (herein called
the “Indenture”, which term shall have the meaning assigned to it in such
instrument), among the Company, the Subsidiary Guarantors and               ,
as Trustee (herein called the “Trustee”, which
term includes any successor trustee under the Indenture), and reference is
hereby made to the Indenture for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is
one of the series designated on the face hereof [if applicable, insert — ,
limited in aggregate principal amount to $           ].

     [If applicable, insert — The Securities of this series are subject to
redemption upon not less than 30 days’ notice by mail, [if applicable, insert
— (1) on           in any year commencing with the year       and ending
with the year           through operation of the sinking fund for this series
at a Redemption Price equal to 100% of the principal amount, and (2)] at any
time [if applicable, insert — on or after           , 19       ], as a whole or in
part, at the election of the Company, at the following Redemption Prices
(expressed as percentages of the principal amount): If redeemed [if applicable,
insert — on or before           ,       %, and if redeemed] during the 12-month
period beginning           of the years indicated,

	 	 	 	 	 	 	 
	 	 	Redemption
	 	 	 	Redemption
	Year	 	Price
	 	Year
	 	Price
	
	 	

	 	

	 	

and thereafter at a Redemption Price equal to       % of the principal
amount, together in the case of any such redemption [if applicable, insert —
(whether through operation of the sinking fund or otherwise)] with accrued
interest to the Redemption Date, but interest installments whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders
of such Securities, or one or more Predecessor Securities, of record at the
close of business on the relevant Record Dates referred to on the face hereof,
all as provided in the Indenture.]

     [If applicable, insert — The Securities of this series are subject to
redemption upon not less than 30 days’ notice by mail, (1) on           in
any year commencing with the year       and ending with the year       through
operation of the sinking fund for this series at the Redemption Prices for
redemption through operation of the sinking fund (expressed as percentages of
the principal amount) set forth in the table below, and (2) at any time [if
applicable, insert — on or after       ], as a whole or in part, at the
election of the Company, at the Redemption Prices for redemption otherwise than
through operation of the sinking fund (expressed as percentages of the
principal amount) set forth in the table below: If redeemed during the 12-month
period beginning       of the years indicated,

15

 

	 	 	 	 	 
	 	 	 	 	Redemption Price For
	 	 	Redemption Price for
	 	Redemption Otherwise Than
	 	 	Redemption Through
	 	Through Operation of the
	Year	 	Operation of the Sinking Fund
	 	Sinking Fund
	
	 	

	 	

and thereafter at a Redemption Price equal to      % of the principal amount,
together in the case of any such redemption (whether through operation of the
sinking fund or otherwise) with accrued interest to the Redemption Date, but
interest installments whose Stated Maturity is on or prior to such Redemption
Date will be payable to the Holders of such Securities, or one or more
Predecessor Securities, of record at the close of business on the relevant
Record Dates referred to on the face hereof, all as provided in the Indenture.]

     [If applicable, insert — Notwithstanding the foregoing, the Company may
not, prior to         , redeem any Securities of this series as
contemplated by [if applicable, insert — Clause (2) of] the preceding
paragraph as a part of, or in anticipation of, any refunding operation by the
application, directly or indirectly, of moneys borrowed having an interest cost
to the Company (calculated in accordance with generally accepted financial
practice) of less than      % per annum.]

     [If applicable, insert — The sinking fund for this series provides for
the redemption on         in each year beginning with the year      and
ending with the year      of [if applicable, insert — not less than
$      (“mandatory sinking fund”) and not more than] $      aggregate
principal amount of Securities of this series. Securities of this series
acquired or redeemed by the Company otherwise than through [if applicable,
insert — mandatory] sinking fund payments may be credited against subsequent
[if applicable, insert — mandatory] sinking fund payments otherwise required
to be made [if applicable, insert — , in the inverse order in which they
become due].]

     [If the Security is subject to redemption of any kind, insert — In the
event of redemption of this Security in part only, a new Security or Securities
of this series and of like tenor for the unredeemed portion hereof will be
issued in the name of the Holder hereof upon the cancellation hereof.]

     [If applicable, insert — The Indenture contains provisions for Defeasance
at any time of [the entire indebtedness of this Security] [or] [certain
restrictive covenants and Events of Default with respect to this Security] [,
in each case] upon compliance with certain conditions set forth in the
Indenture.]

     [If the Security is convertible into Common Stock of the Company, insert
— Subject to the provisions of the Indenture, the Holder of this Security is
entitled, at its option, at any time on or before [insert date](except that, in
case this Security or any portion hereof shall be called for redemption, such
right shall terminate with respect to this Security or portion hereof, as the
case may be, so called for redemption at the close of business on the date
fixed for redemption as provided in the Indenture unless the Company defaults
in making the payment due upon

16

 

redemption), to convert the principal amount of this Security (or any
portion hereof which is $1,000 or an integral multiple thereof [if applicable,
insert the equivalent thereof in one or more foreign currencies, currency units
or composite currencies]), into fully paid and non-assessable shares
(calculated as to each conversion to the nearest 1/100th of a share) of the
Common Stock of the Company, as said shares shall be constituted at the date of
conversion, at the conversion price of [$]      principal amount of
Securities for each share of Common Stock, or at the adjusted conversion price
in effect at the date of conversion determined as provided in the Indenture,
upon surrender of this Security, together with the conversion notice hereon
duly executed, to the Company at the designated office or agency of the Company
in      , accompanied (if so required by the Company) by instruments of
transfer, in form satisfactory to the Company and to the Trustee, duly executed
by the Holder or by its duly authorized attorney in writing. Such surrendering
shall, if made during any period beginning at the close of business on a
Regular Record Date and ending at the opening of business on the Interest
Payment Date next following such Regular Record Date (unless this Security or
the portion being converted shall have been called for redemption on a
Redemption Date during such period), also be accompanied by payment of an
amount equal to the Interest payable on such Interest Payment Date on the
principal amount of this Security then being converted. Subject to the
aforesaid requirement for payment and, in the case of a conversion after the
Regular Record Date next preceding any Interest Payment Date and on or before
such Interest Payment Date, to the right of the Holder of this Security (or any
Predecessor Security) of record at such Regular Record Date to receive an
installment of interest (with certain exceptions provided in the Indenture), no
adjustment is to be made on conversion for interest accrued hereon or for
dividends on shares of Common Stock issued on conversion. The Company is not
required to issue fractional shares upon any such conversion, but shall make
adjustment therefor in cash on the basis of the current market value of such
fractional interest as provided in the Indenture. The conversion price is
subject to adjustment as provided in the Indenture. In addition, the Indenture
provides that in case of certain consolidations or mergers to which the Company
is a party or the sale of substantially all of the assets of the Company, the
Indenture shall be amended, without the consent of any Holders of Securities,
so that this Security, if then outstanding, will be convertible thereafter,
during the period this Security shall be convertible as specified above, only
into the kind and amount of securities, cash and other property receivable upon
the consolidation, merger or sale by a holder of the number of shares of Common
Stock into which this Security might have been converted immediately prior to
such consolidation, merger or sale (assuming such holder of Common Stock failed
to exercise any rights of election and received per share the kind and amount
received per share by a plurality of non-electing shares) [if applicable,
insert— , assuming if such consolidation, merger or sale is prior to [date],
that this Security were convertible at the time of such consolidation, merger
or sale at the initial conversion price specified above as adjusted from to
such time pursuant to the Indenture]. In the event of conversion of this
Security in part only, a new Security or Securities for the unconverted portion
hereof shall be issued in the name of the Holder hereof upon the cancellation
hereof.]

     [If the Security is convertible into other securities or property, specify
the conversion features and the form of conversion notice pursuant to Section
204 hereof.]

     [If the Security is not an Original Issue Discount Security, insert — If
an Event of Default with respect to Securities of this series shall occur and
be continuing, the principal of the

17

 

Securities of this series may be declared due and payable in the manner
and with the effect provided in the Indenture.]

     [If the Security is an Original Issue Discount Security, insert — If an
Event of Default with respect to Securities of this series shall occur and be
continuing, an amount of principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the
Indenture. Such amount shall be equal to — insert formula for determining the
amount. Upon payment (i) of the amount of principal so declared due and payable
and (ii) of interest on any overdue principal, premium and interest (in each
case to the extent that the payment of such interest shall be legally
enforceable), all of the Company’s obligations in respect of the payment of the
principal of and premium and interest, if any, on the Securities of this series
shall terminate.]

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of a majority in principal amount of the Securities
at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in
principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Security shall be conclusive and binding upon such Holder and
upon all future Holders of this Security and of any Security issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

     As provided in and subject to the provisions of the Indenture, the Holder
of this Security shall not have the right to institute any proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for
any other remedy thereunder, unless such Holder shall have previously given the
Trustee written notice of a continuing Event of Default with respect to the
Securities of this series, the Holders of not less than 25% in principal amount
of the Securities of this series at the time Outstanding shall have made
written request to the Trustee to institute proceedings in respect of such
Event of Default as Trustee and offered the Trustee reasonable indemnity, and
the Trustee shall not have received from the Holders of a majority in principal
amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such
proceeding, for 60 days after receipt of such notice, request and offer of
indemnity. The foregoing shall not apply to any suit instituted by the Holder
of this Security for the enforcement of any payment of principal hereof or any
premium or interest hereon on or after the respective due dates expressed
herein.

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

18

 

     As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable in the Security
Register, upon surrender of this Security for registration of transfer at the
office or agency of the Company in any place where the principal of and any
premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Securities
of this series and of like tenor, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or
transferees.

     The Securities of this series are issuable only in registered form without
coupons in denominations of $      and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal
amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

     Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for
all purposes, whether or not this Security be overdue, and neither the Company,
the Trustee nor any such agent shall be affected by notice to the contrary.

     All terms used in this Security which are defined in the Indenture shall
have the meanings assigned to them in the Indenture.

Section 204. Form of Conversion Notice.

     To Penn Virginia Corporation

     The undersigned owner of this Security hereby irrevocably exercises the
option to convert this Security, or portion hereof (which is $1,000 or an
integral multiple thereof) below designated, into shares of Common Stock of the
Company in accordance with the terms of the Indenture referred to in this
Security, and directs that the shares issuable and deliverable upon the
conversion, together with any check in payment for fractional shares and any
Securities representing any unconverted principal amount hereof, be issued and
delivered to the registered holder hereof unless a different name has been
indicated below. If this Notice is being delivered on a date after the close of
business on a Regular Record Date and prior to the opening of business on the
related Interest Payment Date (unless this Security or the portion thereof
being converted has been called for redemption on a Redemption Date within such
period), this Notice is accompanied by payment of an amount equal to the
interest payable on such Interest Payment Date of the principal of this
Security to be converted. If shares are to be issued in the name of a Person
other than the undersigned, the undersigned will pay all transfer taxes payable
with respect hereto. Any amount required to be paid by the undersigned on
account of interest accompanies this Security.

19

 

     Principal Amount to be Converted (in an integral multiple of $1,000, if
less than all [if applicable, insert the equivalent thereof in one or more
foreign currencies, currency units or composite currencies]):

	 	 	 
	[$]	 	 

	 	 	 	 	 
	Dated	 	 	 	 
	 	
 
	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	Signature
	 	 	 	 	 
	 	 	 	 	Signature(s) must be guaranteed
by an institution which is a
member of one of the following
recognized signature Guarantee
Programs: (i) The Securities
Transfer Agent Medallion Program
(STAMP); (ii) The New York Stock
Exchange Medallion Program
(MNSP); (iii) The Stock Exchange
Medallion Program (SEMP) or (iv)
another guarantee program
acceptable to the Trustee.
	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	Signature Guarantee

     Fill in for registration of shares of Common Stock and Security if to be
issued otherwise than to the registered holder.

	 	 	 
	

(Name)	 
	 	 
	

(Address)	 
	Please print Name and Address	 
	(including zip code number)	 
	 
	Social Security or other Taxpayer	 
	Identifying Number      	 

20

 

Section 205. Form of Legend for Global Securities.

     Unless otherwise specified as contemplated by Section 301 for the
Securities evidenced thereby, every Global Security authenticated and delivered
hereunder shall bear a legend in substantially the following form:

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY
BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE.

Section 206. Form of Trustee’s Certificate of Authentication.

     The Trustee’s certificates of authentication shall be in substantially the
following form:

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

	 	 	 	 	 
	 	 	

As Trustee
	 ,

	 	 	 	 	 	 
	 	By	 	

	 	 
	 	 	 	
Authorized Officer	 	 

ARTICLE THREE

THE SECURITIES

Section 301. Amount Unlimited; Issuable in Series.

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

     The Securities may be issued in one or more series. There shall be
established in or pursuant to a Board Resolution and, subject to Section 303,
set forth, or determined in the manner provided, in an Officer’s Certificate,
or established in one or more indentures supplemental hereto, prior to the
issuance of Securities of any series,

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

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

21

 

		
	 	to Section 304, 305, 306, 906, 1107 or 1302 and except for any
Securities which, pursuant to Section 303, are deemed never to have
been authenticated and delivered hereunder);

		
	 	     (3) the price or prices (expressed as a percentage of the
principal amount thereof) at which the Securities will be issued
and, if other than the entire principal amount thereof, the portion
of the principal amount of any Securities of the series which shall
be payable upon declaration of acceleration of the Maturity thereof
pursuant to Section 502;

		
	 	     (4) whether Securities of the series are entitled to the
benefits of any Guarantee of any Subsidiary Guarantors pursuant to
this Indenture;

		
	 	     (5) if applicable, the terms of any right to convert or
exchange Securities of the series into shares of Common Stock or
other Securities or property of the Company or other issuers;

		
	 	     (6) the Person to whom any interest on a Security of the
series shall be payable, if other than the Person in whose name
that Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such
interest;

		
	 	     (7) the date or dates on which the principal of any Securities
of the series is payable;

		
	 	     (8) the rate or rates at which any Securities of the series
shall bear interest, if any, the date or dates from which any such
interest shall accrue, the Interest Payment Dates on which any such
interest shall be payable and the Regular Record Date for any such
interest payable on any Interest Payment Date;

		
	 	     (9) the place or places where the principal of and any premium
and interest on any Securities of the series shall be payable;

		
	 	     (10) the period or periods within which, the price or prices
at which and the terms and conditions upon which any Securities of
the series may be redeemed, in whole or in part, at the option of
the Company and, if other than by a Board Resolution, the manner in
which any election by the Company to redeem the Securities shall be
evidenced;

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

22

 

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

		
	 	     (13) if the amount of principal of or any premium or interest
on any Securities of the series may be determined with reference to
an index or pursuant to a formula, the manner in which such amounts
shall be determined;

		
	 	     (14) 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 101;

		
	 	     (15) if the principal of or any premium or interest on any
Securities of the series is to be payable, at the election of the
Company or the Holder thereof, in one or more currencies or
currency units other than that or those in which such Securities
are stated to be payable, the currency, currencies or currency
units in which the principal of or any premium or interest on such
Securities as to which such election is made shall be payable, the
periods within which and the terms and conditions upon which such
election is to be made and the amount so payable (or the manner in
which such amount shall be determined);

		
	 	     (16) if the principal amount payable at the Stated Maturity of
any Securities of the series will not be determinable as of any one
or more dates prior to the Stated Maturity, the amount which shall
be deemed to be the principal amount of such Securities as of any
such date for any purpose thereunder or hereunder, including the
principal amount thereof which shall be due and payable upon any
Maturity other than the Stated Maturity or which shall be deemed to
be Outstanding as of any date prior to the Stated Maturity (or, in
any such case, the manner in which such amount deemed to be the
principal amount shall be determined);

		
	 	     (17) any addition to or change in the Events of Default which
applies to any Securities of the series and any change in the right
of the Trustee or the requisite Holders of such Securities to

declare the principal amount thereof due and payable pursuant to
Section 502;

		
	 	     (18) if applicable, that the Securities of the series, in
whole or any specified part, shall be defeasible pursuant to
Section 1402 or Section 1403 or both such Sections and, if other
than by a Board Resolution, the manner in which any election by the
Company to defease such Securities shall be evidenced;

		
	 	     (19) if applicable, that any Securities of the series shall be
issuable in whole or in part in the form of one or more Global
Securities and, in such case, the respective Depositories for such
Global Securities, the form of any

23

 

		
	 	legend or legends which shall be borne by any such Global
Security in addition to or in lieu of that set forth in Section 205
and any circumstances in addition to or in lieu of those set forth
in Clause (2) of the last paragraph of Section 305 in which any
such Global Security may be exchanged in whole or in part for
Securities registered, and any transfer of such Global Security in
whole or in part may be registered, in the name or names of Persons
other than the Depositary for such Global Security or a nominee
thereof;

		
	 	     (20) any addition to or change in the covenants set forth in
Article Ten which applies to Securities of the series; and

		
	 	     (21) any other terms of the series (which terms shall not be
inconsistent with the provisions of this Indenture, except as
permitted by Section 901(5)).

     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
the Board Resolution referred to above and (subject to Section 303) set forth,
or determined in the manner provided, in the Officer’s Certificate referred to
above or in any such indenture 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 Officer’s
Certificate setting forth the terms of the series.

Section 302. Denominations.

     The Securities of each series shall be issuable only in fully registered
form without coupons and only in such denominations as shall be specified as
contemplated by Section 301. In the absence of any such specified denomination
with respect to the Securities of any series, the Securities of such series
shall be issuable in denominations of $1,000 and any integral multiple thereof.

Section 303. Execution, Authentication, Delivery and Dating.

     The Securities shall be executed on behalf of the Company by its Chairman
of the Board, its Vice Chairman of the Board, its President or one of its Vice
Presidents, under its corporate seal reproduced thereon. The signature of any
of these officers on the Securities may be manual or facsimile.

     The seal of the Company may be in the form of a facsimile thereof and may
be impressed, affixed, imprinted or otherwise reproduced on the Securities.
Securities bearing the manual or facsimile signatures of individuals who were
at any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Securities or did not
hold such offices at the date of such Securities.

24

 

     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 Company Order for
the authentication and delivery of such Securities, and the Trustee in
accordance with the Company Order shall authenticate and deliver such
Securities. If the form or terms of the Securities of the series have been
established by or pursuant to one or more Board Resolutions as permitted by
Sections 201 and 301, 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 601) shall be fully protected in relying upon, an Opinion of Counsel
stating,

		
	 	     (1) if the form of such Securities has been established by or
pursuant to Board Resolution as permitted by Section 201, that such
form has been established in conformity with the provisions of this
Indenture;

		
	 	     (2) if the terms of such Securities have been established by
or pursuant to Board Resolution as permitted by Section 301, that
such terms have been established in conformity with the provisions
of this Indenture; and

		
	 	     (3) 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 bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and
similar laws of general applicability relating to or affecting
creditors’ rights and to general equity principles.

If such form or terms have been so established, 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
which is not reasonably acceptable to the Trustee.

     Notwithstanding the provisions of Section 301 and of the preceding
paragraph, if all Securities of a series are not to be originally issued at one
time, it shall not be necessary to deliver the Officer’s Certificate otherwise
required pursuant to Section 301 or the Company Order and Opinion of Counsel
otherwise required pursuant to such preceding paragraph at or prior to the
authentication of each Security of such series if such documents are delivered
at or prior to the authentication upon original issuance of the first Security
of such series to be issued.

     Each Security shall be dated the date of its authentication.

     No Security shall be entitled to any benefit under this Indenture or be
valid or obligatory for any purpose unless there appears on such Security a
certificate of authentication substantially in the form provided for herein
executed by the Trustee by manual signature, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such
Security has been duly authenticated and delivered hereunder. Notwithstanding
the foregoing, if any Security shall have been authenticated and delivered
hereunder but never issued and sold by the

25

 

Company, and the Company shall deliver such Security to the Trustee for
cancellation as provided in Section 309, for all purposes of this Indenture
such Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture.

Section 304. Temporary Securities.

     Pending the preparation of definitive Securities of any series, the
Company may execute, and upon Company Order the Trustee shall authenticate and
deliver, temporary Securities which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they
are issued and with such appropriate insertions, omissions, substitutions and
other variations as the officers executing such Securities may determine, as
evidenced by their execution of such Securities.

     If temporary Securities of any series are issued, the Company will cause
definitive Securities of that series to be prepared without unreasonable delay.
After the preparation of definitive Securities of such series, the temporary
Securities of such series shall be exchangeable for definitive Securities of
such series upon surrender of the temporary Securities of such series at the
office or agency of the Company in a Place of Payment for that series, without
charge to the Holder. Upon surrender for cancellation of any one or more
temporary Securities of any series, the Company shall execute and the Trustee
shall authenticate and deliver in exchange therefor one or more definitive
Securities of the same series, of any authorized denominations and of like
tenor and aggregate principal amount. Until so exchanged, the temporary
Securities of any series shall in all respects be entitled to the same benefits
under this Indenture as definitive Securities of such series and tenor.

Section 305. Registration, Registration of Transfer and Exchange.

     The Company shall cause to be kept at the Corporate Trust Office of the
Trustee a register (the register maintained in such office and in any other
office or agency of the Company in a Place of Payment being herein sometimes
collectively referred to as the “Security Register”) in which, subject to such
reasonable regulations as it may prescribe, the Company shall provide for the
registration of Securities and of transfers of Securities. The Trustee is
hereby appointed “Security Registrar” for the purpose of registering Securities
and transfers of Securities as herein provided.

     Upon surrender for registration of transfer of any Security of a series at
the office or agency of the Company in a Place of Payment for that series, the
Company shall execute and the Trustee shall authenticate and deliver, in the
name of the designated transferee or transferees, one or more new Securities of
the same series, of any authorized denominations and of like tenor and
aggregate principal amount.

     At the option of the Holder, Securities of any series may be exchanged for
other Securities of the same series, of any authorized denominations and of
like tenor and aggregate principal amount, upon surrender of the Securities to
be exchanged at such office or agency. Whenever any Securities are so
surrendered for exchange, the Company shall execute and the

26

 

Trustee shall authenticate and deliver, the Securities which the Holder
making the exchange is entitled to receive.

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

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

     No service charge shall be made for any registration of transfer or
exchange of Securities, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection
with any registration of transfer or exchange of Securities, other than
exchanges pursuant to Section 304, 906 or 1107 not involving any transfer.

     If the Securities of any series (or of any series and specified tenor) are
to be redeemed in part, the Company shall not be required (A) to issue,
register the transfer of or exchange any Securities of that series (or of that
series and specified tenor, as the case may be) during a period beginning at
the opening of business 15 days before the day of the mailing of a notice of
redemption of any such Securities selected for redemption under Section 1103
and ending at the close of business on the day of such mailing, or (B) to
register the transfer of or exchange any Security so selected for redemption in
whole or in part, except the unredeemed portion of any Security being redeemed
in part.

     The provisions of Clauses (1), (2), (3) and (4) below shall apply only to
Global Securities:

		
	 	     (1) Each Global Security authenticated under this Indenture
shall be registered in the name of the Depositary designated for
such Global Security or a nominee thereof and delivered to such
Depositary or a nominee thereof or custodian therefor, and each
such Global Security shall constitute a single Security for all
purposes of this Indenture.

		
	 	     (2) Notwithstanding any other provision in this Indenture, no
Global Security may be exchanged in whole or in part for Securities
registered, and no transfer of a Global Security in whole or in
part may be registered, in the name of any Person other than the
Depositary for such Global Security or a nominee thereof unless (A)
such Depositary (i) has notified the Company that it is unwilling
or unable to continue as Depositary for such Global Security or
(ii) has ceased to be a clearing agency registered under the
Exchange Act, (B) there shall have occurred and be continuing an
Event of Default with respect to such Global Security or (C) there
shall exist such circumstances, if any, in addition to or in lieu
of the foregoing as have been specified for this purpose as
contemplated by Section 301.

27

 

		
	 	     (3) Subject to Clause (2) above, any exchange of a Global
Security for other Securities may be made in whole or in part, and
all Securities issued in exchange for a Global Security or any
portion thereof shall be registered in such names as the Depositary
for such Global Security shall direct.

		
	 	     (4) Every Security authenticated and delivered upon
registration of transfer of, or in exchange for or in lieu of, a
Global Security or any portion thereof, whether pursuant to this
Section, Section 304, 306, 906 or 1107 or otherwise, shall be
authenticated and delivered in the form of, and shall be, a Global
Security, unless such Security is registered in the name of a
Person other than the Depositary for such Global Security or a
nominee thereof.

Section 306. Mutilated, Destroyed, Lost and Stolen Securities.

     If any mutilated Security is surrendered to the Trustee, the Company shall
execute and the Trustee shall authenticate and deliver in exchange therefor a
new Security of the same series and of like tenor and principal amount and
bearing a number not contemporaneously outstanding.

     If there shall be delivered to the Company and the Trustee (i) evidence to
their satisfaction of the destruction, loss or theft of any Security and (ii)
such security or indemnity as may be required by them to save each of them and
any agent of either of them harmless, then, in the absence of notice to the
Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and the Trustee shall authenticate and
deliver, in lieu of any such destroyed, lost or stolen Security, a new Security
of the same series and of like tenor and principal amount and bearing a number
not contemporaneously outstanding.

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

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

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

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

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Section 307. Payment of Interest; Interest Rights Preserved.

     Except as otherwise provided as contemplated by Section 301 with respect
to any series of Securities, interest on any Security which is payable, and is
punctually paid or duly provided for, on any Interest Payment Date shall be
paid to the Person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest.

     Any interest on any Security of any series which is payable, but is not
punctually paid or duly provided for, on any Interest Payment Date (herein
called “Defaulted Interest”) shall forthwith cease to be payable to the Holder
on the relevant Regular Record Date by virtue of having been such Holder, and
such Defaulted Interest may be paid by the Company, at its election in each
case, as provided in Clause (1) or (2) below:

		
	 	     (1) The Company may elect to make payment of any Defaulted
Interest to the Persons in whose names the Securities of such
series (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 Security
of such series 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. Thereupon the Trustee shall fix a Special
Record Date for the payment of such Defaulted Interest which shall
be not more than 15 days and not less than 10 days prior to the
date of the proposed payment and not less than 10 days after the
receipt by the Trustee of the notice of the proposed payment. The
Trustee shall promptly notify the Company of such 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 given to each Holder of
Securities of such series in the manner set forth in Section 106,
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 so mailed, such Defaulted Interest
shall be paid to the Persons in whose names the Securities of such
series (or their respective Predecessor Securities) are registered
at the close of business on such Special Record Date and shall no
longer be payable pursuant to the following Clause (2).

		
	 	     (2) The Company may make payment of any Defaulted Interest on
the Securities of any series in any other lawful manner not
inconsistent with the requirements of any securities exchange on
which 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.

29

 

     Subject to the foregoing provisions of this Section, each Security
delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Security shall carry the rights to interest accrued
and unpaid, and to accrue, which were carried by such other Security.

     Subject to the provisions of Section 1302, in the case of any Security
which is converted after any Regular Record Date and on or prior to the next
succeeding Interest Payment Date (other than any Security the principal of (or
premium, if any, on)) which shall become due and payable, whether at a Stated
Maturity or by declaration of acceleration, call for redemption, or otherwise,
prior to such Interest Payment Date), interest whose Stated Maturity is on such
Interest Payment Date shall be payable on such Interest Payment Date
notwithstanding such conversion and such interest (whether or not punctually
paid or duly provided for) shall be paid to the Person in whose name that
Security (or any one or more Predecessor Securities) is registered at the close
of business on such Regular Record Date. Except as otherwise expressly provided
in the immediately preceding sentence, in the case of any Security which is
converted, interest whose Stated Maturity is after the date of conversion of
such Security shall not be payable.

Section 308. Persons Deemed Owners.

     Prior to due presentment of a Security for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name such Security is registered as the owner of such Security
for the purpose of receiving payment of principal of and any premium and
(subject to Section 307) any interest on such Security and for all other
purposes whatsoever, whether or not such Security be overdue, and none of the
Company, the Subsidiary Guarantors, the Trustee nor any of their respective
agents shall be affected by notice to the contrary.

     None of the Company, the Subsidiary Guarantors, the Trustee, nor any of
their respective agents will have any responsibility or liability for any
aspect of the records relating to, or payments made on account of, beneficial
ownership interests of a Security or for maintaining, supervising or reviewing
any records relating to such beneficial ownership interests.

Section 309. Cancellation.

     All Securities surrendered for payment, redemption, purchase, registration
of transfer or exchange or for credit against any sinking fund payment shall,
if surrendered to any Person other than the Trustee, be delivered to the
Trustee and shall be promptly cancelled by it. The Company may at any time
deliver to the Trustee for cancellation any Securities previously authenticated
and delivered hereunder which the Company may have acquired in any manner
whatsoever, and may deliver to the Trustee (or to any other Person for delivery
to the Trustee) for cancellation any Securities previously authenticated
hereunder which the Company has not issued and sold, and all Securities so
delivered shall be promptly cancelled by the Trustee. No Securities shall be
authenticated in lieu of or in exchange for any Securities cancelled as
provided in this Section, except as expressly permitted by this Indenture. All
cancelled Securities held by the Trustee shall be disposed of as directed by a
Company Order.

30

 

Section 310. Computation of Interest.

     Except as otherwise specified as contemplated by Section 301 for
Securities of any series, interest on the Securities of each series shall be
computed on the basis of a 360-day year of twelve 30-day months.

ARTICLE FOUR

SATISFACTION AND DISCHARGE

Section 401. Satisfaction and Discharge of Indenture.

This Indenture shall upon Company Request cease to be of further effect (except
as to any surviving rights of registration of transfer or exchange 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, when

		
	 	     (1) either

		
	 	     (A) all Securities theretofore authenticated and delivered
(other than (i) Securities which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section
306 and (ii) Securities for whose payment money has theretofore
been deposited in trust or segregated and held in trust by the
Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 1003) have been delivered to the
Trustee for cancellation; or

		
	 	     (B) all such Securities not theretofore delivered to the
Trustee for cancellation

		
	 	     (i) have become due and payable, or
	 
	 	     (ii) will become due and payable at their Stated
Maturity within one year, or
	 
	 	     (iii) are to be called for redemption within one year
under arrangements satisfactory to the Trustee for the giving
of notice of redemption by the Trustee in the name, and at
the expense, of the Company, and the Company in the case of
(i), (ii) or (iii) above, has deposited or caused to be
deposited with the Trustee as trust funds in trust for the
purpose money in an amount sufficient to pay and discharge
the entire indebtedness on such Securities not theretofore
delivered to the Trustee for cancellation, for principal and
any premium and interest to the date of such deposit (in the
case of Securities which have become due and payable) or to
the Stated Maturity or Redemption Date, as the case may be;

		
	 	     (2) the Company has paid or caused to be paid all other sums
payable hereunder by the Company; and

31

 

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

     Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 607, the obligations of
the Trustee to any Authenticating Agent under Section 614 and, if money shall
have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of
this Section, the obligations of the Trustee under Section 402 and the last
paragraph of Section 1003 shall survive.

Section 402. Application of Trust Money.

Subject to the provisions of the last paragraph of Section 1003, all money
deposited with the Trustee pursuant to Section 401 shall be held in trust and
applied by it, in accordance with the provisions of the Securities and this
Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal and any premium
and interest for whose payment such money has been deposited with the Trustee.

ARTICLE FIVE

REMEDIES

Section 501. Events of Default.

     “Event of Default”, wherever used herein with respect to Securities of any
series, means any one of the following events (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) default in the payment of any interest upon any Security
of that series when it becomes due and payable, and continuance of
such default for a period of 30 days; or

		
	 	     (2) default in the payment of the principal of or any premium
on any Security of that series at its Maturity; or

		
	 	     (3) default in the deposit of any sinking fund payment, when
and as due by the terms of a Security of that series; or

		
	 	     (4) default on the part of the Company or, if any series of
Securities Outstanding under this Indenture is entitled to the
benefits of a Guarantee, any of the Subsidiary Guarantors, in the
performance, or breach, of any covenant or warranty in this
Indenture (other than a covenant or warranty a default in whose
performance or whose breach is elsewhere in this Section
specifically dealt with or which has expressly been included in
this Indenture solely for the benefit of series of Securities other
than that series), and

32

 

		
	 	continuance of such default or breach for a period of 60 days
after there has been given, by registered or certified mail, to the
Company or, if applicable, to the Subsidiary Guarantor, by the
Trustee or to the Company or, if applicable, to the Subsidiary
Guarantor, and the Trustee by the Holders of at least 25% in
principal amount of the Outstanding Securities of that series a
written notice specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of
Default” hereunder; or

		
	 	     (5) the entry by a court having jurisdiction in the premises
of (A) a decree or order for relief in respect of the Company or,
if any series of Securities Outstanding under this Indenture is
entitled to the benefits of a Guarantee, in respect of any of the
Subsidiary Guarantors, in an involuntary case or proceeding under
any applicable Federal or State bankruptcy, insolvency,
reorganization or other similar law or (B) a decree or order
adjudging the Company or, if any series of Securities Outstanding
under this Indenture is entitled to the benefits of a Guarantee,
any of the Subsidiary Guarantors, a bankrupt or insolvent, or
approving as properly filed a petition seeking reorganization,
arrangement, adjustment or composition of or in respect of the
Company or, if any series of Securities Outstanding under this
Indenture is entitled to the benefits of a Guarantee, any of the
Subsidiary Guarantors, under any applicable Federal or State law,
or appointing a custodian, receiver, liquidator, assignee, trustee,
sequestrator or other similar official of the Company or, if any
series of Securities Outstanding under this Indenture is entitled
to the benefits of a Guarantee, of any of the Subsidiary
Guarantors, or of any substantial part of its or their property, or
ordering the winding up or liquidation of its or their affairs, and
the continuance of any such decree or order for relief or any such
other decree or order unstayed and in effect for a period of 60
consecutive days; or

		
	 	     (6) the commencement by the Company or, if any series of
Securities Outstanding under this Indenture is entitled to the
benefits of a Guarantee, any of the Subsidiary Guarantors, of a
voluntary case or proceeding under any applicable Federal or State
bankruptcy, insolvency, reorganization or other similar law or of
any other case or proceeding to be adjudicated a bankrupt or
insolvent, or the consent by it or them to the entry of a decree or
order for relief in respect of the Company or, if any series of
Securities Outstanding under this Indenture is entitled to the
benefits of a Guarantee, in respect of any of the Subsidiary
Guarantors, in an involuntary case or proceeding under any
applicable Federal or State bankruptcy, insolvency, reorganization
or other similar law or to the commencement of any bankruptcy or
insolvency case or proceeding against it or them, or the filing by
it or them of a petition or answer or consent seeking
reorganization or relief under any applicable Federal or State law,
or the consent by it or them to the filing of such petition or to
the appointment of or taking possession by a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar
official of the Company or, if any series of Securities Outstanding
under this Indenture is entitled to the benefits of a Guarantee, of
any of the Subsidiary Guarantors, or of any substantial part of its
or their property, or the

33

 

		
	 	making by it or them of an assignment for the benefit of
creditors, or the admission by it or them in writing of its or
their inability to pay its or their debts generally as they become
due, or the taking of corporate action by the Company or, if any
series of Securities Outstanding under this Indenture is entitled
to the benefits of a Guarantee, by any of the Subsidiary
Guarantors, in furtherance of any such action; or

		
	 	     (7) if any series of Securities Outstanding under this
Indenture is entitled to the benefits of a Guarantee, the Guarantee
of any of the Subsidiary Guarantors ceases to be in full force and
effect with respect to Securities of that series (except as
otherwise provided in this Indenture) or is declared null and void
in a judicial proceeding or any of the Subsidiary Guarantors denies
or disaffirms its obligations under this Indenture or such
Guarantee; or

		
	 	     (8) any other Event of Default provided with respect to
Securities of that series.

Section 502. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default (other than an Event of Default specified in
Section 501(5) or 501(6)) with respect to Securities of any series at the time
Outstanding occurs and is continuing, then in every such case the Trustee or
the Holders of not less than 25% in principal amount of the Outstanding
Securities of that series may declare the principal amount of all the
Securities of that series (or, if any Securities of that series are Original
Issue Discount Securities, such portion of the principal amount of such
Securities as may be specified by the terms thereof) to be due and payable
immediately, by a notice in writing to the Company (and to the Trustee if given
by Holders), and upon any such declaration such principal amount (or specified
amount) shall become immediately due and payable. If an Event of Default
specified in Section 501(5) or 501(6) with respect to Securities of any series
at the time Outstanding occurs, the principal amount of all the Securities of
that series (or, if any Securities of that series are Original Issue Discount
Securities, such portion of the principal amount of such Securities as may be
specified by the terms thereof) shall automatically, and without any
declaration or other action on the part of the Trustee or any Holder, become
immediately due and payable.

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

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

		
	 	     (A) all overdue interest on all Securities of that series,

		
	 	     (B) the principal of (and premium, if any, on) any Securities
of that series which have become due otherwise than by such
declaration of acceleration and any interest thereon at the rate or
rates prescribed therefor in such Securities,

34

 

		
	 	     (C) to the extent that payment of such interest is lawful,
interest upon overdue interest at the rate or rates prescribed
therefor in such Securities, and

		
	 	     (D) all sums paid or advanced by the Trustee hereunder and the
reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel; and

		
	 	               (2) all Events of Default with respect to Securities of that
series, other than the non-payment of the principal of Securities
of that series which have become due solely by such declaration of
acceleration, have been cured or waived as provided in Section 513.

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

Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee.

     If an Event of Default occurs and is continuing, the Trustee, in its own
name and as trustee of an express trust, shall be entitled and empowered to
institute any action or proceedings at law or in equity for the collection of
the sums so due and unpaid or enforce the performance of any provision of the
Securities of the affected series or this Indenture, and may prosecute any such
action or proceedings to judgment or final decree, and may enforce any such
judgment or final decree against the Subsidiary Guarantors or the Company or
any other obligor upon the Securities of such series (and collect in the manner
provided by law out of the property of the Subsidiary Guarantors or the Company
or any other obligor upon the Securities of such series wherever situated the
moneys adjudged or decreed to be payable).

Section 504. Trustee May File Proofs of Claim.

     In case of any judicial proceeding relative to the Company, the Subsidiary
Guarantors or any other obligor upon the Securities, or the property or
creditors of the Company or the Subsidiary Guarantors, the Trustee shall be
entitled and empowered, by intervention in such proceeding or otherwise, to
take any and all actions authorized under the Trust Indenture Act in order to
have claims of the Holders and the Trustee allowed in any such proceeding. In
particular, the Trustee shall be authorized to collect and receive any moneys
or other property payable or deliverable on any such claims and to distribute
the same; and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is
hereby authorized by each Holder to make such payments to the Trustee and, in
the event that the Trustee shall consent to the making of such payments
directly to the Holders, to pay to the Trustee any amount due it for the
compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel, and any other amounts due the Trustee under Section 607.

     No provision of this Indenture shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
or the rights of any Holder thereof or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding; provided, however,
that the Trustee may, on behalf of the Holders, vote for the election of a

35

 

trustee in bankruptcy or similar official and be a member of a creditors’
or other similar committee.

Section 505. Trustee May Enforce Claims Without Possession of Securities.

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

Section 506. Application of Money Collected.

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

		
	 	     FIRST: To the payment of all amounts due the Trustee under Section
607;

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

		
	 	     THIRD: The remainder, if any, shall be paid to the Subsidiary
Guarantors or the Company, as applicable, its successors, or assigns, or
to whomsoever may be lawfully entitled to receive the same, or as a court
of competent jurisdiction may direct.

Section 507. Limitation on Suits.

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

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

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

36

 

		
	 	     (3) such Holder or Holders have offered to the Trustee
reasonable indemnity against the costs, expenses and liabilities to
be incurred in compliance with such request;
	 
	 	     (4) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such
proceeding; and
	 
	 	     (5) no direction inconsistent with such written request has
been given to the Trustee during such 60-day period by the Holders
of a majority in principal amount of the Outstanding Securities of
that series;

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

Section 508. Unconditional Right of Holders to Receive Principal, Premium and
Interest and to Convert.

     Notwithstanding any other provision in this Indenture, the Holder of any
Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of and any premium and (subject to Section 307)
interest on such Security on the respective Stated Maturity or Maturities
expressed in such Security (or, in the case of redemption or offer by the
Company to purchase the Securities pursuant to the terms of this Indenture, on
the Redemption Date or purchase date, as applicable) and to convert such
Securities in accordance with the terms thereof, and to institute suit for the
enforcement of any such payment or right of conversion, and such rights shall
not be impaired without the consent of such Holder.

Section 509. Restoration of Rights and Remedies.

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

Section 510. Rights and Remedies Cumulative.

     Except as otherwise provided with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 306, no right or remedy herein conferred upon or reserved to the
Trustee or to the Holders is intended to be exclusive of any other right or
remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise. The assertion or
employment of any right or remedy

37

 

hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy.

Section 511. Delay or Omission Not Waiver.

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

Section 512. Control by Holders.

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

		
	 	     (1) such direction shall not be in conflict with any rule of
law or with this Indenture, and
	 
	 	     (2) the Trustee may take any other action deemed proper by the
Trustee which is not inconsistent with such direction.

Section 513. Waiver of Past Defaults.

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

		
	 	     (1) in the payment of the principal of or any premium or
interest on any Security of such series (including any Security
which is required to have been purchased by the Company pursuant to
an offer to purchase by the Company made pursuant to the terms of
this Indenture), or

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

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

Section 514. Undertaking for Costs.

In any suit for the enforcement of any right or remedy under this Indenture, or
in any suit against the Trustee for any action taken, suffered or omitted by it
as Trustee, a court may require any

38

 

party litigant in such suit to file an undertaking to pay the costs of such
suit, and may assess costs against any such party litigant, in the manner and
to the extent provided in the Trust Indenture Act; provided that neither this
Section nor the Trust Indenture Act shall be deemed to authorize any court to
require such an undertaking or to make such an assessment in any suit
instituted by the Company.

Section 515. Waiver of Usury, Stay or Extension Laws.

     The Company covenants (to the extent that it may lawfully do so) that it
will not at any time insist upon, or plead, or in any manner whatsoever claim
or take the benefit or advantage of, any usury, stay or extension law wherever
enacted, now or at any time hereafter in force, which may affect the covenants
or the performance of this Indenture; and the Company (to the extent that it
may lawfully do so) hereby expressly waives all benefit or advantage of any
such law and covenants that it will not hinder, delay or impede the execution
of any power herein granted to the Trustee, but will suffer and permit the
execution of every such power as though no such law had been enacted.

ARTICLE SIX

THE TRUSTEE

Section 601. Certain Duties and Responsibilities.

     The duties and responsibilities of the Trustee shall be as provided by the
Trust Indenture Act. Notwithstanding the foregoing, no provision of this
Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if it shall have
reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it.
Whether or not therein expressly so provided, every provision of this Indenture
relating to the conduct or affecting the liability of or affording protection
to the Trustee shall be subject to the provisions of this Section.

Section 602. Notice of Defaults.

     If a default occurs hereunder with respect to Securities of any series,
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 Section
501(4) with respect to Securities of such series, no such notice to Holders
shall be given until at least 30 days after the occurrence thereof. For the
purpose of this Section, the term “default” means any event which is, or after
notice or lapse of time or both would become, an Event of Default with respect
to Securities of such series.

Section 603. Certain Rights of Trustee.

     Subject to the provisions of Section 601:

		
	 	     (1) the Trustee may rely and shall be protected in acting or
refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent,
order, bond, debenture, note,

39

 

		
	 	other evidence of indebtedness or other paper or document
believed by it to be genuine and to have been signed or presented
by the proper party or parties;

		
	 	     (2) any request or direction of the Company mentioned herein
shall be sufficiently evidenced by a Company Request or Company
Order, and any resolution of the Board of Directors shall be
sufficiently evidenced by a Board Resolution;
	 
	 	     (3) whenever in the administration of this Indenture the
Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action
hereunder, the Trustee (unless other evidence be herein
specifically prescribed) may, in the absence of bad faith on its
part, rely upon an Officer’s Certificate;
	 
	 	     (4) the Trustee may consult with counsel and the written
advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action
taken, suffered or omitted by it hereunder in good faith and in
reliance thereon;
	 
	 	     (5) the Trustee shall be under no obligation to exercise any
of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders pursuant to this
Indenture, unless such Holders shall have offered to the Trustee
reasonable security or indemnity against the costs, expenses and
liabilities which might be incurred by it in compliance with such
request or direction;
	 
	 	     (6) the Trustee shall not be bound to make any investigation
into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of
indebtedness or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into
such facts or matters as it may see fit, and, if the Trustee shall
determine to make such further inquiry or investigation, it shall
be entitled to examine the books, records and premises of the
Company, personally or by agent or attorney; and
	 
	 	     (7) 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.

Section 604. Not Responsible for Recitals or Issuance of Securities.

     The recitals contained herein and in the Securities, except the Trustee’s
certificates of authentication, shall be taken as the statements of the Company
and neither the Trustee nor any Authenticating Agent assumes any responsibility
for their correctness. The Trustee makes no representations as to the validity
or sufficiency of this Indenture or of the Securities. Neither the

40

 

Trustee nor any Authenticating Agent shall be accountable for the use or
application by the Company of Securities or the proceeds thereof.

Section 605. May Hold Securities.

     The Trustee, any Authenticating Agent, any Paying Agent, any Security
Registrar or any other agent of the Company, in its individual or any other
capacity, may become the owner or pledgee of Securities and, subject to
Sections 608 and 613, may otherwise deal with the Company with the same rights
it would have if it were not Trustee, Authenticating Agent, Paying Agent,
Security Registrar or such other agent.

Section 606. Money Held in Trust.

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

Section 607. Compensation and Reimbursement.

     The Company agrees

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

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

		
	 	     (3) to indemnify the Trustee for, and to hold it harmless
against, any loss, liability or expense incurred without gross
negligence or bad faith on its part, arising out of or in
connection with the acceptance or administration of the trust or
trusts hereunder, including the costs and expenses of defending
itself against any claim or liability in connection with the
exercise or performance of any of its powers or duties hereunder.
When the Trustee incurs expenses or renders services after the
occurrence of an Event of Default specified in paragraph (5) or (6)
of Section 501 of this Indenture, such expenses and the
compensation for such services are intended to constitute expenses
of administration under any Insolvency or Liquidation Proceeding.
For the purposes of this paragraph, “Insolvency” or Liquidation
Proceeding” means, with respect to any Person, (a) an insolvency or
bankruptcy case or proceeding, or any receivership, liquidation,
reorganization or similar case or proceeding in connection
therewith, relative to such Person or its creditors, as such, or
its assets, or (b) any liquidation, dissolution or other winding-up
proceeding of such Person, whether voluntary or involuntary and
whether or not involving insolvency or

41

 

		
	 	     bankruptcy or (c) any assignment for the benefit of creditors
or any other marshaling of assets and liabilities of such Person.

Section 608. Conflicting Interests.

     If the Trustee has or shall acquire a conflicting interest within the
meaning of the Trust Indenture Act, the Trustee shall either eliminate such
interest or resign, to the extent and in the manner provided by, and subject to
the provisions of, the Trust Indenture Act and this Indenture. To the extent
permitted by such Act, the Trustee shall not be deemed to have a conflicting
interest by virtue of being a trustee under this Indenture with respect to
Securities of more than one series.

Section 609. Corporate Trustee Required; Eligibility.

     There shall at all times be one (and only one) Trustee hereunder with
respect to the Securities of each series, which may be Trustee hereunder for
Securities of one or more other series. Each Trustee shall be a Person that is
eligible pursuant to the Trust Indenture Act to act as such, and has a combined
capital and surplus of at least $50,000,000. If any such Person publishes
reports of condition at least annually, pursuant to law or to the requirements
of its supervising or examining authority, then for the purposes of this
Section and to the extent permitted by the Trust Indenture Act, the combined
capital and surplus of such Person shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published.
If at any time the Trustee with respect to the Securities of any series shall
cease to be eligible in accordance with the provisions of this Section, it
shall resign immediately in the manner and with the effect hereinafter
specified in this Article.

Section 610. Resignation and Removal; Appointment of Successor.

     No resignation or removal of the Trustee and no appointment of a successor
Trustee pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the applicable
requirements of Section 611.

     The Trustee may resign at any time with respect to the Securities of one
or more series by giving written notice thereof to the Company. If the
instrument of acceptance by a successor Trustee required by Section 611 shall
not have been delivered to the Trustee within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any court of
competent jurisdiction for the appointment of a successor Trustee with respect
to the Securities of such series.

     The Trustee may be removed at any time with respect to the Securities of
any series by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series, delivered to the Trustee and to the
Company.

     If at any time:

		
	 	     (1) the Trustee shall fail to comply with Section 608 after
written request therefor by the Company or by any Holder who has
been a bona fide Holder of a Security for at least six months, or

42

 

		
	 	     (2) the Trustee shall cease to be eligible under Section 609
and shall fail to resign after written request therefor by the
Company or by any such Holder, or
	 
	 	     (3) the Trustee shall become incapable of acting or shall be
adjudged a bankrupt or insolvent or a receiver of the Trustee or of
its property shall be appointed or any public officer shall take
charge or control of the Trustee or of its property or affairs for
the purpose of rehabilitation, conservation or liquidation,

then, in any such case, (A) the Company by a Board Resolution may remove the
Trustee with respect to all Securities, or (B) subject to Section 514, any
Holder who has been a bona fide Holder of a Security for at least six months
may, on behalf of himself and all others similarly situated, petition any court
of competent jurisdiction for the removal of the Trustee with respect to all
Securities and the appointment of a successor Trustee or Trustees.

     If the Trustee shall resign, be removed or become incapable of acting, or
if a vacancy shall occur in the office of Trustee for any cause, with respect
to the Securities of one or more series, the Company, by a Board Resolution,
shall promptly appoint a successor Trustee or Trustees with respect to the
Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all
of such series and that at any time there shall be only one Trustee with
respect to the Securities of any particular series) and shall comply with the
applicable requirements of Section 611. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a
successor Trustee with respect to the Securities of any series shall be
appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its
acceptance of such appointment in accordance with the applicable requirements
of Section 611, become the successor Trustee with respect to the Securities of
such series and to that extent supersede the successor Trustee appointed by the
Company. If no successor Trustee with respect to the Securities of any series
shall have been so appointed by the Company or the Holders and accepted
appointment in the manner required by Section 611, any Holder who has been a
bona fide Holder of a Security of such series for at least six months may, on
behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the appointment of a successor Trustee with respect
to the Securities of such series.

     The Company shall give notice of each resignation and each removal of the
Trustee with respect to the Securities of any series and each appointment of a
successor Trustee with respect to the Securities of any series to all Holders
of Securities of such series in the manner provided in Section 106. Each notice
shall include the name of the successor Trustee with respect to the Securities
of such series and the address of its Corporate Trust Office.

Section 611. Acceptance of Appointment by Successor.

     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

43

 

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.

     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 (1)
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, (2) if the retiring Trustee is not retiring with respect to all
Securities, 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 (3) shall add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust and that each such Trustee shall be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; 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 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 all 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.

     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 the
first or second preceding paragraph, as the case may be.

     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.

44

 

Section 612. Merger, Conversion, Consolidation or Succession to Business.

     Any corporation into which the Trustee may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any
corporation succeeding to all or substantially all the corporate trust business
of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article,
without the execution or filing of any paper or any further act on the part of
any of the parties hereto. In case any Securities 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 613. Preferential Collection of Claims Against Company.

     If and when the Trustee shall be or become a creditor of the Company or
any other obligor upon the Securities, the Trustee shall be subject to the
provisions of the Trust Indenture Act regarding the collection of claims
against the Company or any such other obligor.

Section 614. Appointment of Authenticating Agent.

     The Trustee may appoint an Authenticating Agent or Agents with respect to
one or more series of Securities which shall be authorized to act on behalf of
the Trustee to authenticate Securities of such series issued upon original
issue and upon exchange, registration of transfer or partial redemption thereof
or pursuant to Section 306, 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. Wherever reference is
made in this Indenture to the authentication and delivery of Securities by the
Trustee or the Trustee’s certificate of authentication, such reference shall be
deemed to include authentication and delivery on behalf of the Trustee by an
Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
acceptable to the Company and shall at all times be a corporation organized and
doing business under the laws of the United States of America, any State
thereof or the District of Columbia, authorized under such laws to act as
Authenticating Agent, having a combined capital and surplus of not less than
$50,000,000 and subject to supervision or examination by Federal or State
authority. If such Authenticating Agent publishes reports of condition at least
annually, pursuant to law or to the requirements of said supervising or
examining authority, then for the purposes of this Section, the combined
capital and surplus of such Authenticating Agent shall be deemed to be its
combined capital and surplus as set forth in its most recent report of
condition so published. If at any time an Authenticating Agent shall cease to
be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section.

     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

45

 

be an Authenticating Agent, provided 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.

     An Authenticating Agent may resign at any time by giving written notice
thereof to the Trustee and to the Company. The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice
thereof to such Authenticating Agent and to the Company. Upon receiving such a
notice of resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company and shall give notice of such
appointment in the manner provided in Section 106 to all Holders of Securities
of the series with respect to which such Authenticating Agent will serve. Any
successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent.
No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section.

     The Trustee agrees to pay to each Authenticating Agent from time to time
reasonable compensation for its services under this Section, and the Trustee
shall be entitled to be reimbursed for such payments, subject to the provisions
of Section 607.

     If an appointment with respect to one or more series is made pursuant to
this Section, the Securities of such series may have endorsed thereon, in
addition to the Trustee’s certificate of authentication, an alternative
certificate of authentication in the following form:

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

	 	 	 	 
	 	

	 ,
	 	 	As Trustee	 
	 	By 	

	 ,
	 	 	As Authenticating Agent	 
	 	By 	

	 ,
	 	 	Authorized Officer	 

ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

Section 701. Company to Furnish Trustee Names and Addresses of Holders.

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

		
	 	     (1) semi-annually, not later than                and                 
in each year, a list, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders of Securities of
each series as of the preceding           or           , as the case
may be, and

46

 

		
	 	     (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;

excluding from any such list names and addresses received by the Trustee in its
capacity as Security Registrar.

Section 702. Preservation of Information; Communications to Holders.

     The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 701 and the names and
addresses of Holders received by the Trustee in its capacity as Security
Registrar. The Trustee may destroy any list furnished to it as provided in
Section 701 upon receipt of a new list so furnished.

     The rights of Holders to communicate with other Holders with respect to
their rights under this Indenture or under the Securities, and the
corresponding rights and privileges of the Trustee, shall be as provided by the
Trust Indenture Act.

     Every Holder of Securities, by receiving and holding the same, agrees with
the Company and the Trustee that neither the Company nor the Trustee nor any
agent of any of them shall be held accountable by reason of any disclosure of
information as to names and addresses of Holders made pursuant to the Trust
Indenture Act.

Section 703. Reports by Trustee.

     The Trustee shall transmit to Holders such reports concerning the Trustee
and its actions under this Indenture as may be required pursuant to the Trust
Indenture Act at the times and in the manner provided pursuant thereto.

     A copy of each such report shall, at the time of such transmission to
Holders, be filed by the Trustee with each stock exchange upon which any
Securities are listed, with the Commission and with the Company. The Company
will notify the Trustee when any Securities are listed on any stock exchange.

Section 704. Reports by Company.

     (a)  For so long as any series of Securities is Outstanding, the Company,
within 15 days after it files the same with the Commission, shall file with the
Trustee, copies of the annual reports and the information, documents and other
reports (or copies of such portions of any of the foregoing as the Commission
may by rules and regulations prescribe) that the Company is required to file
with the Commission pursuant to Section 13 or 15(d) of the Exchange Act. If
the Company is not subject to the reporting requirements of Section 13 or 15(d)
of the Exchange Act, the Company shall file with the Trustee within 15 days
after it would have been required to file the same with the Commission and
provide Holders with such annual reports and such information, documents and
other reports comparable to what the Company would have been required to file
with the Commission had it been subject to the reporting requirements of

47

 

Section 13 or 15(d) of the Exchange Act. The Company shall also comply
with the provisions of Trust Indenture Act Section 314(a).

     (b)  The Company may request the Trustee on behalf of the Company at the
Company’s expense to mail the foregoing to Holders. In such case, the Company
shall provide the Trustee with a sufficient number of copies of all reports and
other documents and information that the Trustee may be required to deliver to
Holders under this Section.

ARTICLE EIGHT

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

Section 801. Company May Consolidate, Etc., Only on Certain Terms.

     The Company shall not, in a single transaction or a series of related
transactions, consolidate with or merge into any other Person or permit any
other Person to consolidate with or merge into the Company or, directly or
indirectly, transfer, convey, sell, lease or otherwise dispose of all or
substantially all of its assets, unless:

		
	 	     (1) in a transaction in which the Company does not survive or
in which the Company transfers, conveys, sells, leases or otherwise
disposes of all or substantially all of its assets, the successor
entity (for purposes of this Article Eight, a “Successor Company”)
shall be a corporation, partnership, trust or other entity
organized and validly existing under the laws of the United States
of America, any State thereof or the District of Columbia, and
shall expressly assume, by an indenture supplemental hereto,
executed and delivered to the Trustee, in form satisfactory to the
Trustee, the due and punctual payment of the principal of and any
premium and interest on all the Securities and the performance or
observance of every covenant of this Indenture on the part of the
Company to be performed or observed;

		
	 	     (2) immediately after giving effect to such transaction and
treating any indebted ness which becomes an obligation of the
Company or any Subsidiary as a result of such transaction as having
been incurred by the Company or such Subsidiary at the time of such
transaction, no Event of Default, and no event which, after notice
or lapse of time or both, would become an Event of Default, shall
have happened and be continuing;

		
	 	     (3) if, as a result of any such consolidation or merger or
such conveyance, transfer or lease, properties or assets of the
Company would become subject to a mortgage, pledge, lien, security
interest or other encumbrance which would not be permitted by this
Indenture, the Company or such successor Person, as the case may
be, shall take such steps as shall be necessary effectively to
secure the Securities equally and ratably with (or prior to) all
indebtedness secured thereby;

		
	 	     (4) any other conditions provided pursuant to Section 301 with
respect to the Securities of a series are satisfied;

48

 

		
	 	     (5) if the Company is not the continuing Person, then each
Subsidiary Guarantor, unless it has become the Successor Company,
shall confirm that its Guarantee shall continue to apply to the
obligations under the Securities and this Indenture; and

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

Section 802. Successor Substituted.

     Upon any consolidation of the Company with, or merger of the Company into,
any other Person or any transfer, conveyance, sale, lease or other disposition
of all or substantially all of the properties and assets of the Company as an
entirety in accordance with Section 801, the Successor Company shall succeed
to, and be substituted for, and may exercise every right and power of, the
Company under this Indenture with the same effect as if such successor Person
had been named as the Company herein, and thereafter, except in the case of a
lease, the predecessor Person shall be relieved of all obligations and
covenants under this Indenture and the Securities.

ARTICLE NINE

SUPPLEMENTAL INDENTURES

Section 901. Supplemental Indentures Without Consent of Holders.

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

		
	 	     (1) to evidence the succession of another Person to the
Company and the assumption by any such successor of the covenants
of the Company herein and in the Securities; or

		
	 	     (2) to add to the covenants of the Company or the Subsidiary
Guarantors 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 the Subsidiary Guarantors; or

		
	 	     (3) 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); or

49

 

		
	 	     (4) to add to or change any of the provisions of this
Indenture to such extent as shall be necessary to permit or
facilitate the issuance of Securities in bearer form, registrable
or not registrable as to principal, and with or without interest
coupons, or to permit or facilitate the issuance of Securities in
uncertificated form; or

		
	 	     (5) to add to, change or eliminate any of the provisions of
this Indenture in respect of one or more series of Securities,
provided that any such addition, change or elimination (A) shall
neither (i) apply to any Security of any series created prior to
the execution of such supplemental indenture and entitled to the
benefit of such provision nor (ii) modify the rights of the Holder
of any such Security with respect to such provision or (B) shall
become effective only when there is no such Security Outstanding;
or

		
	 	     (6) to secure the Securities; or

		
	 	     (7) to establish the form or terms of Securities of any series
as permitted by Sections 201 and 301; 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 611;

		
	 	     (9) to permit the qualification of this Indenture or any
Indenture supplemental hereto under the Trust Indenture Act as then
in effect, except that nothing herein contained shall permit or
authorize the inclusion in any Indenture supplemental hereto of the
provisions referred to in Section 316(a)(2) of the Trust Indenture
Act;

		
	 	     (10) to add Subsidiary Guarantors with respect to any or all
of the Securities; or

		
	 	     (11) to cure any ambiguity, to correct or supplement any
provision herein which may be defective or inconsistent with any
other provision herein, or to make any other provisions with
respect to matters or questions arising under this Indenture,
provided that such action pursuant to this Clause (10) shall not
adversely affect the interests of the Holders of Securities of any
series in any material respect.

     The Trustee is hereby authorized to join with the Company and the
Subsidiary Guarantors in the execution of any such supplemental indenture, to
make any further appropriate agreements and stipulations which may be therein
contained and to accept the conveyance, transfer, assignment, mortgage or
pledge of any property thereunder.

     Any supplemental indenture authorized by the provisions of this Section
901 may be executed by the Company, the Subsidiary Guarantors and the Trustee
without the consent of the

50

 

Holders of any of the Securities at the time Outstanding, notwithstanding
any of the provisions of Section 902.

Section 902. Supplemental Indentures With Consent of Holders.

     With the consent of the Holders of not less than a majority in principal
amount of the Outstanding Securities of each series affected by such
supplemental indenture, by Act of said Holders delivered to the Company, the
Subsidiary Guarantors and the Trustee, the Company and the Subsidiary
Guarantors, when authorized by a Board Resolution, and the Trustee may enter
into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the
provisions of this Indenture or of modifying in any manner the rights of the
Holders of Securities of such series under this Indenture; provided, however,
that no such supplemental indenture shall, without the consent of the Holder of
each Outstanding Security affected thereby,

		
	 	     (1) change the Stated 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 502, or
change any Place of Payment where, or 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 Stated Maturity thereof (or, in the
case of redemption, on or after the Redemption Date or in the case
of an offer to purchase Securities which has been made pursuant to
a covenant contained in this Indenture, on or after the applicable
purchase date), in a manner adverse to the Holders, 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 compliance with
certain provisions of this Indenture or certain defaults hereunder
and their consequences) provided for in this Indenture, or

		
	 	     (3) if applicable, make any change that adversely affects the
right to convert any Security to which the provisions of Article
Thirteen are applicable or, except as provided in this Indenture,
decrease the conversion rate or increase the conversion price of
any Security, or

		
	 	     (4) modify any of the provisions of this Section, Section 513
or Section 1009, 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

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	 	changes in this Section and Section 1009, or the deletion of
this proviso, in accordance with the requirements of Sections 611
and 901(8); or

		
	 	     (5) following the making of an offer to purchase Securities
which has been made pursuant to a covenant contained in this
Indenture, modify the provisions of this Indenture with respect to
such offer to purchase in a manner adverse to such Holder; or

		
	 	     (6) as provided in Section 1604, release the Subsidiary
Guarantors or modify the Guarantee in any manner adverse to the
Holders.

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 any Act of Holders under this Section to
approve the particular form of any proposed supplemental indenture, but it
shall be sufficient if such Act shall approve the substance thereof.

Section 903. Execution of Supplemental Indentures.

     In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to
receive, and (subject to Section 601) shall be fully protected in relying upon,
an Officer’s Certificate and Opinion of Counsel stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture. The
Trustee may, but shall not be obligated to, enter into any such supplemental
indenture which affects the Trustee’s own rights, duties or immunities under
this Indenture or otherwise.

Section 904. Effect of Supplemental Indentures.

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

Section 905. Conformity with Trust Indenture Act.

     Every supplemental indenture executed pursuant to this Article shall
conform to the requirements of the Trust Indenture Act.

Section 906. Reference in Securities to Supplemental Indentures.

     Securities of any series authenticated and delivered after the execution
of any supplemental indenture pursuant to this Article may, and shall if
required by the Trustee, bear a notation in form approved by the Trustee as to
any matter provided for in such supplemental

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indenture. If the Company shall so determine, new Securities of any series
so modified as to conform, in the opinion of the Trustee and the Company, to
any such supplemental indenture may be prepared and executed by the Company and
such new Securities may be authenticated and delivered by the Trustee in
exchange for Outstanding Securities of such series.

ARTICLE TEN

COVENANTS

Section 1001. Payment of Principal, Premium and Interest.

     The Company covenants and agrees for the benefit of each series of
Securities that it will duly and punctually pay the principal of and any
premium and interest on the Securities of that series in accordance with the
terms of the Securities and this Indenture.

Section 1002. Maintenance of Office or Agency.

     The Company will maintain in each Place of Payment for any series of
Securities an office or agency where Securities of that series may be presented
or surrendered for payment, where Securities of that series may be surrendered
for registration of transfer or exchange and where notices and demands to or
upon the Company in respect of the Securities of that series and this Indenture
may be served. The Company will give prompt written notice to the Trustee of
the location, and any change in the location, of such office or agency. If at
any time the Company shall fail to maintain any such required office or agency
or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and
demands.

     The Company may also from time to time designate one or more 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 each Place of Payment 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 1003. Money for Securities Payments to Be Held in Trust.

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

     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 or any
premium or interest on any Securities of that series, deposit with a Paying
Agent a sum sufficient to pay such amount, such

53

 

sum to be held as provided by the Trust Indenture Act, and (unless such
Paying Agent is the Trustee) the Company will promptly notify the Trustee of
its action or failure so to act.

     The Company will cause each Paying Agent for any series of Securities
other than the Trustee to execute and deliver to the Trustee an instrument in
which such Paying Agent shall agree with the Trustee, subject to the provisions
of this Section, that such Paying Agent will (1) comply with the provisions of
the Trust Indenture Act applicable to it as a Paying Agent and (2) during the
continuance of any default by the Company or any other obligor upon the
Securities of that series in the making of any payment in respect of the
Securities of that series, upon the written request of the Trustee, forthwith
pay to the Trustee all sums held in trust by such Paying Agent for payment in
respect of the Securities of that series.

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

     Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of or any premium or
interest on any Security of any series and remaining unclaimed for two years
after such principal, premium or interest has become due and payable shall be
paid to the Company on Company Request, or (if then held by the Company) shall
be discharged from such trust; and the Holder of such Security shall
thereafter, as an unsecured general creditor, look only to the Company for
payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a newspaper published in
the English language, customarily published on each Business Day and of general
circulation in The City of New York, New York, notice that such money remains
unclaimed and that, after a date specified therein, which shall not be less
than 30 days from the date of such publication, any unclaimed balance of such
money then remaining will be repaid to the Company.

Section 1004. Statement by Officers as to Default.

     (a)  The Company shall, so long as any series of Securities is Outstanding,
deliver to the Trustee, within 90 days after the end of each fiscal year of the
Company ending after the date hereof, an Officer’s Certificate, stating whether
or not to the best knowledge of the signers 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 they may have knowledge.

     (b)  The Company shall, so long as any series of Securities is Outstanding,
deliver to the Trustee, as soon as possible and in any event within five days
after the Company becomes aware

54

 

of the occurrence of an Event of Default or an event which, with notice or
the lapse of time or both, would constitute an Event of Default, an Officer’s
Certificate setting forth the details of such Event of Default or default, and
the action which the Company proposes to take with respect thereto.

Section 1005. Existence.

     Subject to Article Eight, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect the existence,
rights (charter and statutory) and franchises of the Company; provided,
however, that the Company shall not be required to preserve any such right or
franchise if the Board of Directors shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Company.

Section 1006. Maintenance of Properties.

     The Company will cause all properties used or useful in the conduct of its
business or the business of any Subsidiary to be maintained and kept in good
condition, repair and working order and supplied with all necessary equipment
and will cause to be made all necessary repairs, renewals, replacements,
betterments and improvements thereof, all as in the judgment of the Company may
be necessary so that the business carried on in connection therewith may be
properly and advantageously conducted at all times; provided, however, that
nothing in this Section shall prevent the Company from discontinuing the
operation or maintenance of any of such properties if such discontinuance is,
in the judgment of the Company, desirable in the conduct of its business or the
business of any Subsidiary and not disadvantageous in any material respect to
the Holders.

Section 1007. Payment of Taxes and Other Claims.

     The Company will pay or discharge or cause to be paid or discharged,
before the same shall become delinquent, (1) all taxes, assessments and
governmental charges levied or imposed upon the Company or any Subsidiary or
upon the income, profits or property of the Company or any Subsidiary, and (2)
all lawful claims for labor, materials and supplies which, if unpaid, might by
law become a lien upon the property of the Company or any Subsidiary; provided,
however, that the Company shall not be required to pay or discharge or cause to
be paid or discharged any such tax, assessment, charge or claim whose amount,
applicability or validity is being contested in good faith by appropriate
proceedings.

Section 1008. Maintenance of Insurance.

     The Company shall, and shall cause its Subsidiaries to, keep at all times
all of their properties which are of an insurable nature insured against loss
or damage with insurers believed by the Company to be responsible to the extent
that property of similar character is usually so insured by corporations
similarly situated and owning like properties in accordance with good business
practice.

55

 

Section 1009. Waiver of Certain Covenants.

     Except as otherwise specified as contemplated by Section 301 for
Securities of such series, the Company and the Subsidiary Guarantors may, with
respect to the Securities of any series, omit in any particular instance to
comply with any term, provision or condition set forth in any covenant provided
pursuant to Section 301(21), 901(2) or 901(7) for the benefit of the Holders of
such series if before the time for such compliance the Holders of at least a
majority in principal amount of the Outstanding Securities of such series
shall, by Act of such Holders, either waive such compliance in such instance or
generally waive compliance with such term, provision or condition, but no such
waiver shall extend to or affect such term, provision or condition except to
the extent so expressly waived, and, until such waiver shall become effective,
the obligations of the Company and the Subsidiary Guarantors and the duties of
the Trustee in respect of any such term, provision or condition shall remain in
full force and effect.

ARTICLE ELEVEN

REDEMPTION OF SECURITIES

Section 1101. Applicability of Article.

     Securities of any series which are redeemable before their Stated Maturity
shall be redeemable in accordance with their terms and (except as otherwise
specified as contemplated by Section 301 for such Securities) in accordance
with this Article.

Section 1102. Election to Redeem; Notice to Trustee.

     The election of the Company to redeem any Securities shall be evidenced by
a Board Resolution or in another manner specified as contemplated by Section
301 for such Securities. In case of any redemption at the election of the
Company of less than all the Securities of any series (including any such
redemption affecting only a single Security), the Company shall, at least 60
days prior to the Redemption Date fixed by the Company (unless a shorter notice
shall be satisfactory to the Trustee), notify the Trustee of such Redemption
Date, of the principal amount of Securities of such series to be redeemed and,
if applicable, of the tenor of the Securities to be redeemed. 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 Officer’s Certificate
evidencing compliance with such restriction.

Section 1103. Selection by Trustee of Securities to Be Redeemed.

     If less than all the Securities of any series are to be redeemed (unless
all the Securities of such series and of a specified tenor are to be redeemed
or unless such redemption affects only a single Security), the particular
Securities to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee, from the Outstanding Securities of such series
not previously called for redemption, by such method as the Trustee shall deem
fair and appropriate and which may provide for the selection for redemption of
a portion of the principal amount of any Security of such series, provided that
the unredeemed portion of the principal amount of any Security shall be in an
authorized denomination (which shall not be less than the minimum authorized
denomination) for such Security. If less than all the Securities of such series
and of a

56

 

specified tenor are to be redeemed (unless such redemption affects only a
single Security), the particular Securities to be redeemed shall be selected
not more than 60 days prior to the Redemption Date by the Trustee, from the
Outstanding Securities of such series and specified tenor not previously called
for redemption in accordance with the preceding sentence.

     If any Security selected for partial redemption is converted in part
before termination of the conversion right with respect to the portion of the
Security so selected, the converted portion of such Security shall be deemed
(so far as may be) to be the portion selected for redemption. Securities which
have been converted during a selection of Securities to be redeemed shall be
treated by the Trustee as Outstanding for the purpose of such selection.

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

     The provisions of the two preceding paragraphs shall not apply with
respect to any redemption affecting only a single Security, whether such
Security is to be redeemed in whole or in part. In the case of any such
redemption in part, the unredeemed portion of the principal amount of the
Security shall be in an authorized denomination (which shall not be less than
the minimum authorized denomination) for such Security.

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

Section 1104. Notice of Redemption.

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

     All notices of redemption shall state:

		
	 	     (1) the Redemption Date,
	 
	 	     (2) the Redemption Price,
	 
	 	     (3) if less than all the Outstanding Securities of any series
consisting of more than a single Security are to be redeemed, the
identification (and, in the case of partial redemption of any such
Securities, the principal amounts) of the particular Securities to
be redeemed and, if less than all the Outstanding Securities of any
series consisting of a single Security are to be redeemed, the
principal amount of the particular Security to be redeemed,
	 
	 	     (4) that on the Redemption Date the Redemption Price will
become due and payable upon each such Security to be redeemed and,
if applicable, that interest thereon will cease to accrue on and
after said date,

57

 

		
	 	     (5) if applicable, the conversion price, and that the date on
which the right to convert the principal of the Securities or the
portions thereof to be redeemed will terminate will be the
Redemption Date and the place or places where such Securities may
be surrendered for conversion,
	 
	 	     (6) the place or places where each such Security is to be
surrendered for payment of the Redemption Price, and
	 
	 	     (7) that the redemption is for a sinking fund, if such is the
case.

     Notice of redemption of Securities to be redeemed at the election of the
Company shall be given by the Company or, at the Company’s request, by the
Trustee in the name and at the expense of the Company and shall be irrevocable.

Section 1105. Deposit of Redemption Price.

     Prior to any Redemption Date, the Company shall deposit with the Trustee
or with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 1003) an amount of money
sufficient to pay the Redemption Price of, and (except if the Redemption Date
shall be an Interest Payment Date) accrued interest on, all the Securities
which are to be redeemed on that date, other than any Securities called for
redemption on that date which have been converted prior to the date of such
deposit.

     If any Security or portion thereof called for redemption is converted, any
money deposited with the Trustee or with any Paying Agent or so segregated and
held in trust for the redemption of such Security or portion thereof shall
(subject to any right of the Holder of such Security or any Predecessor
Security to receive interest as provided in the last paragraph of Section 307)
be paid to the Company upon Company Request or, if then held by the Company,
shall be discharged from such trust.

Section 1106. Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, the Securities so to
be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the
Company shall default in the payment of the Redemption Price and accrued
interest) such Securities shall cease to bear interest. Upon surrender of any
such Security for redemption in accordance with said notice, such Security
shall be paid by the Company at the Redemption Price, together with accrued
interest to the Redemption Date; provided, however, that, unless otherwise
specified as contemplated by Section 301, installments of interest whose Stated
Maturity is on or prior to the Redemption Date will be payable to the Holders
of such Securities, or one or more Predecessor Securities, registered as such
at the close of business on the relevant Record Dates according to their terms
and the provisions of Section 307.

     If any Security called for redemption shall not be so paid upon surrender
thereof for redemption, the principal and any premium shall, until paid, bear
interest from the Redemption Date at the rate prescribed therefor in the
Security.

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Section 1107. Securities Redeemed in Part.

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

ARTICLE TWELVE

[INTENTIONALLY DELETED]

ARTICLE THIRTEEN

CONVERSION OF SECURITIES

Section 1301. Applicability of Article.

     The provisions of this Article shall be applicable to the Securities of
any series which are convertible into shares of Common Stock of the Company,
and the issuance of such shares of Common Stock upon the conversion of such
Securities, except as otherwise specified as contemplated by Section 301 for
the Securities of such series.

Section 1302. Exercise of Conversion Privilege.

     In order to exercise a conversion privilege, the Holder of a Security of a
series with such a privilege shall surrender such Security to the Company at
the office or agency maintained for that purpose pursuant to Section 1002,
accompanied by written notice to the Company that the Holder elects to convert
such Security or a specified portion thereof. Such notice shall also state, if
different from the name and address of such Holder, the name or names (with
address) in which the certificate or certificates for shares of Common Stock
which shall be issuable on such conversion shall be issued. Securities
surrendered for conversion shall (if so required by the Company or the Trustee)
be duly endorsed by or accompanied by instruments of transfer in forms
satisfactory to the Company and the Trustee duly executed by the registered
Holder or its attorney duly authorized in writing; and Securities so
surrendered for conversion during the period from the close of business on any
Regular Record Date to the opening of business on the next succeeding Interest
Payment Date (excluding Securities or portions thereof called for redemption
during such period) shall also be accompanied by payment of an amount equal to
the interest payable on such Interest Payment Date on the principal amount of
such Security then being converted, and such interest shall be payable to such
registered Holder notwithstanding the conversion of such Security, subject to
the provisions of Section 307 relating to the payment of Defaulted Interest by
the Company. As promptly as practicable after the receipt of such notice and of
any payment required pursuant to a Board Resolution and, subject to Section
303, set forth, or determined in the manner provided, in an Officers’
Certificate, or established in one or more indentures supplemental hereto
setting forth the terms of such series of Security, and the

59

 

surrender of such Security in accordance with such reasonable procedures
as the Company may prescribe, the Company shall issue and shall deliver, at the
office or agency at which such Security is surrendered, to such Holder or on
its written order, a certificate or certificates for the number of full shares
of Common Stock issuable upon the conversion of such Security (or specified
portion thereof), in accordance with the provisions of such Board Resolution,
Officers’ Certificate or supplemental indenture, and cash as provided therein
in respect of any fractional share of such Common Stock otherwise issuable upon
such conversion. Such conversion shall be deemed to have been effected
immediately prior to the close of business on the date on which such notice and
such payment, if required, shall have been received in proper order for
conversion by the Company and such Security shall have been surrendered as
aforesaid (unless such Holder shall have so surrendered such Security and shall
have instructed the Company to effect the conversion on a particular date
following such surrender and such Holder shall be entitled to convert such
Security on such date, in which case such conversion shall be deemed to be
effected immediately prior to the close of business on such date) and at such
time the rights of the Holder of such Security as such Security Holder shall
cease and the person or persons in whose name or names any certificate or
certificates for shares of Common Stock of the Company shall be issuable upon
such conversion shall be deemed to have become the Holder or Holders of record
of the shares represented thereby. Except as set forth above and subject to the
final paragraph of Section 307, no payment or adjustment shall be made upon any
conversion on account of any interest accrued on the Securities surrendered for
conversion or on account of any dividends on the Common Stock of the Company
issued upon such conversion.

     In the case of any Security which is converted in part only, upon such
conversion the Company shall execute and the Trustee shall authenticate and
deliver to or on the order of the Holder thereof, at the expense of the
Company, a new Security or Securities of the same series, of authorized
denominations, in aggregate principal amount equal to the unconverted portion
of such Security.

Section 1303. No Fractional Shares.

     No fractional share of Common Stock of the Company shall be issued upon
conversions of Securities of any series. If more than one Security shall be
surrendered for conversion at one time by the same Holder, the number of full
shares which shall be issuable upon conversion shall be computed on the basis
of the aggregate principal amount of the Securities (or specified portions
thereof to the extent permitted hereby) so surrendered. If, except for the
provisions of this Section 1303, any Holder of a Security or Securities would
be entitled to a fractional share of Common Stock of the Company upon the
conversion of such Security or Securities, or specified portions thereof, the
Company shall pay to such Holder an amount in cash equal to the current market
value of such fractional share computed, (i) if such Common Stock is listed or
admitted to unlisted trading privileges on a national securities exchange, on
the basis of the last reported sale price regular way on such exchange on the
last trading day prior to the date of conversion upon which such a sale shall
have been effected, or (ii) if such Common Stock is not at the time so listed
or admitted to unlisted trading privileges on a national securities exchange,
on the basis of the average of the bid and asked prices of such Common Stock in
the over-the-counter market, on the last trading day prior to the date of
conversion, as reported by the National Quotation Bureau, Incorporated or
similar organization if the National Quotation Bureau, Incorporated is no
longer reporting such information, or if not so available, the fair market
price as determined

60

 

by the Board of Directors. For purposes of this Section, “trading day” shall
mean each Monday, Tuesday, Wednesday, Thursday and Friday other than any day an
which the Common Stock is not traded on the New York Stock Exchange, or if the
Common Stock is not traded on the New York Stock Exchange, on the principal
exchange or market on which the Common Stock is traded or quoted.

Section 1304. Adjustment of Conversion Price.

     The conversion price of Securities of any series that is convertible into
Common Stock of the Company shall be adjusted for any stock dividends, stock
splits, reclassification, combinations or similar transactions in accordance
with the term of the supplemental indenture or Board Resolutions setting forth
the terms of the Securities of such series.

     Whenever the conversion price is adjusted, the Company shall compute the
adjusted conversion price in accordance with terms of the applicable Board
Resolution or supplemental indenture and shall prepare an Officers’ Certificate
setting forth the adjusted conversion price and showing in reasonable detail
the facts upon which such adjustment is based, and such certificate shall
forthwith be filed at each office or agency maintained for the purpose of
conversion of Securities pursuant to Section 1002 and, if different, with the
Trustee. The Company shall forthwith cause a notice setting forth the adjusted
conversion price to be mailed, first class postage prepaid, to each Holder of
Securities of such series at its address appearing on the Security Register and
to any conversion agent other than the Trustee.

Section 1305. Notice of Certain Corporate Actions.

     In case:

               (a) the Company shall declare a dividend (or any other distribution) on
its Common Stock payable otherwise than in cash out of its retained earnings
(other than a dividend for which approval of any stockholders of the Company is
required); or

               (b) the Company shall authorize the granting to the holders of its Common
Stock of rights, options or warrants to subscribe for or purchase any shares of
capital stock of any class or of any other rights (other than any such grant
for which approval of any stockholders of the Company is required); or

               (c) of any reclassification of the Common Stock of the Company (other than
a subdivision or combination of its outstanding shares of Common Stock, or of
any consolidation, merger or share exchange to which the Company is a party and
for which approval of any stockholders of the Company is required), or of the
sale of all or substantially all of the assets of the Company; or

               (d) of the voluntary or involuntary dissolution, liquidation or winding up
of the Company;

then the Company shall cause to be filed with the Trustee, and shall cause to
be mailed to all Holders at their last addresses as they shall appear in the
Securities Register, at least 20 days (or 10 days in any case specified in
clause (a) or (b) above) prior to the applicable record date

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hereinafter specified, a notice stating (i) the date on which a record is to be
taken for the purpose of such dividend, distribution, rights, options or
warrants, or, if a record is not to be taken, the date as of which the holders
of Common Stock of record to be entitled to such dividend, distribution,
rights, options or warrants are to be determined, or (ii) the date on which
such reclassification, consolidation, merger, share exchange, sale,
dissolution, liquidation or winding up is expected to become effective, and the
date as of which it is expected that holders of Common Stock of record shall be
entitled to exchange their shares of Common Stock for securities, cash or other
property deliverable upon such reclassification, consolidation, merger, share
exchange, sale, dissolution, liquidation or winding up. If at any time the
Trustee shall not be the conversion agent, a copy of such notice shall also
forthwith be filed by the Company with the Trustee.

Section 1306. Reservation of Shares of Common Stock.

     The Company shall at all times reserve and keep available, free from
preemptive rights, out of its authorized but unissued Common Stock, for the
purpose of effecting the conversion of Securities, the full number of shares of
Common Stock of the Company then issuable upon the conversion of all
outstanding Securities of any series that has conversion rights.

Section 1307. Payment of Certain Taxes Upon Conversion.

     The Company will pay any and all taxes that may be payable in respect of
the issue or delivery of shares of its Common Stock on conversion of Securities
pursuant hereto. The Company shall not, however, be required to pay any tax
which may be payable in respect of any transfer involved in the issue and
delivery of shares of its Common Stock in a name other than that of the Holder
of the Security or Securities to be converted, and no such issue or delivery
shall be made unless and until the Person requesting such issue has paid to the
Company the amount of any such tax, or has established, to the satisfaction of
the Company, that such tax has been paid.

Section 1308. Nonassessability.

     The Company covenants that all shares of its Common Stock which may be
issued upon conversion of Securities will upon issue in accordance with the
terms hereof be duly and validly issued and fully paid and nonassessable.

Section 1309. Effect of Consolidation or Merger on Conversion Privilege.

     In case of any consolidation of the Company with, or merger of the Company
into or with any other Person, or in case of any sale of all or substantially
all of the assets of the Company, the Company or the Person formed by such
consolidation or the Person into which the Company shall have been merged or
the Person which shall have acquired such assets, as the case may be, shall
execute and deliver to the Trustee a supplemental indenture in accordance with
Section 801 providing that the Holder of each Security then outstanding of any
series that is convertible into Common Stock of the Company shall have the
right, which right shall be the exclusive conversion right thereafter available
to said Holder (until the expiration of the conversion right of such Security),
to convert such Security into the kind and amount of shares of stock or other
securities or property (including cash) receivable upon such consolidation,
merger or sale by a

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holder of the number of shares of Common Stock of the Company into which
such Security might have been converted immediately prior to such
consolidation, merger or sale, subject to compliance with the other provisions
of this Indenture, such Security and such supplemental indenture. Such
supplemental indenture shall provide for adjustments which shall be as nearly
equivalent as may be practicable to the adjustments provided for in such
Security. The above provisions of this Section shall similarly apply to
successive consolidations, mergers or sales. It is expressly agreed and
understood that anything in this Indenture to the contrary notwithstanding, if,
pursuant to such merger, consolidation or sale, holders of outstanding shares
of Common Stock of the Company do not receive shares of common stock of the
surviving corporation but receive other securities, cash or other property or
any combination thereof, Holders of Securities shall not have the right to
thereafter convert their Securities into common stock of the surviving
corporation or the corporation which shall have acquired such assets, but
rather, shall have the right upon such conversion to receive the other
securities, cash or other property receivable by a holder of the number of
shares of Common Stock of the Company into which the Securities held by such
holder might have been converted immediately prior to such consolidation,
merger or sale, all as more fully provided in the first sentence of this
Section 1309. Anything in this Section 1309 to the contrary notwithstanding,
the provisions of this Section 1309 shall not apply to a merger or
consolidation of another corporation with or into the Company pursuant to which
both of the following conditions are applicable: (i) the Company is the
surviving corporation and (ii) the outstanding shares of Common Stock of the
Company are not changed or converted into any other securities or property
(including cash) or changed in number or character or reclassified pursuant to
the terms of such merger or consolidation.

     As evidence of the kind and amount of shares of stock or other securities
or property (including cash) into which Securities may properly be convertible
after any such consolidation, merger or sale, or as to the appropriate
adjustments of the conversion prices applicable with respect thereto, the
Trustee shall be furnished with and may accept the certificate or opinion of an
independent certified public accountant with respect thereto; and, in the
absence of bad faith on the part of the Trustee, the Trustee may conclusively
rely thereon, and shall not be responsible or accountable to any Holder of
Securities for any provision in conformity therewith or approved by such
independent certified accountant which may be contained in said supplemental
indenture.

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Section 1310. Duties of Trustee Regarding Conversion.

     Neither the Trustee nor any conversion agent shall at any time be under
any duty or responsibility to any Holder of Securities of any series that is
convertible into Common Stock of the Company to determine whether any facts
exist which may require any adjustment of the conversion price, or with respect
to the nature or extent of any such adjustment when made, or with respect to
the method employed, whether herein or in any supplemental indenture, any
resolutions of the Board of Directors or written instrument executed by one or
more officers of the Company provided to be employed in making the same.
Neither the Trustee nor any conversion agent shall be accountable with respect
to the validity or value (or the kind or amount) of any shares of Common Stock
of the Company, or of any securities or property, which may at any time be
issued or delivered upon the conversion of any Securities and neither the
Trustee nor any conversion agent makes any representation with respect thereto.
Subject to the provisions of Section 601, neither the Trustee nor any
conversion agent shall be responsible for any failure of the Company to issue,
transfer or deliver any shares of its Common Stock or stock certificates or
other securities or property upon the surrender of any Security for the purpose
of conversion or to comply with any of the covenants of the Company contained
in this Article Thirteen or in the applicable supplemental indenture,
resolutions of the Board of Directors or written instrument executed by one or
more duly authorized officers of the Company.

Section 1311. Repayment of Certain Funds Upon Conversion.

     Any funds which at any time shall have been deposited by the Company or on
its behalf with the Trustee or any other paying agent for the purpose of paying
the principal of, and premium, if any, and interest, if any, on any of the
Securities (including funds deposited for the sinking fund referred to in
Article Three hereof) and which shall not be required for such purposes because
of the conversion of such Securities as provided in this Article Thirteen shall
after such conversion be repaid to the Company by the Trustee upon the
Company’s written request by Company Request.

ARTICLE FOURTEEN

DEFEASANCE AND COVENANT DEFEASANCE

Section 1401. Company’s Option to Effect Defeasance or Covenant Defeasance.

     The Company may elect, at its option at any time, to have Section 1402 or
Section 1403 applied to any Securities or any series of Securities, as the case
may be, designated pursuant to Section 301 as being defeasible pursuant to such
Section 1402 or 1403, in accordance with any applicable requirements provided
pursuant to Section 301 and upon compliance with the conditions set forth below
in this Article. Any such election shall be evidenced in or pursuant to a Board
Resolution or in another manner specified as contemplated by Section 301 for
such Securities.

Section 1402. Defeasance and Discharge.

     Upon the Company’s exercise of its option (if any) to have this Section
applied to any Securities or any series of Securities, as the case may be, the
Company shall be deemed to have been discharged from its obligations, with
respect to such Securities as provided in this Section

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on and after the date the conditions set forth in Section 1404 are
satisfied (hereinafter called “Defeasance”). For this purpose, such Defeasance
means that the Company shall be deemed to have paid and discharged the entire
indebtedness represented by such Securities and to have satisfied all its other
obligations under such Securities and this Indenture insofar as such Securities
are concerned (and the Trustee, at the expense of the Company, shall execute
proper instruments acknowledging the same), subject to the following which
shall survive until otherwise terminated or discharged hereunder: (1) the
rights of Holders of such Securities to receive, solely from the trust fund
described in Section 1404 and as more fully set forth in such Section, payments
in respect of the principal of and any premium and interest on such Securities
when payments are due, (2) the Company’s obligations with respect to such
Securities under Sections 304, 305, 306, 1002 and 1003, (3) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and (4) this Article. If
the Company exercises its defeasance option pursuant to this Section 1402, the
Guarantee will terminate with respect to that series of Securities. Subject to
compliance with this Article, the Company may exercise its option (if any) to
have this Section applied to any Securities notwithstanding the prior exercise
of its option (if any) to have Section 1403 applied to such Securities.

Section 1403. Covenant Defeasance.

     Upon the Company’s exercise of its option (if any) to have this Section
applied to any Securities or any series of Securities, as the case may be, (1)
the Company shall be released from its obligations under Section 801(4),
Sections 1006 through 1008, inclusive, and any covenants provided pursuant to
Section 301(21), 901(2) or 901(7) for the benefit of the Holders of such
Securities, (2) the occurrence of any event specified in Sections 501(4) (with
respect to any of Section 801(4), Sections 1006 through 1008, inclusive, and
any such covenants provided pursuant to Section 301(21), 901(2) or 901(7)), and
501(8) shall be deemed not to be or result in an Event of Default, and (3) the
occurrence of any event specified in Section 501(5) or 501(6), as they relate
to the Subsidiary Guarantors only, shall be deemed not be or result in an Event
of Default, in each case with respect to such Securities as provided in this
Section on and after the date the conditions set forth in Section 1404 are
satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such
Covenant Defeasance means that, with respect to such Securities, the Company
may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such specified Section (to the extent
so specified in the case of Section 501(4)), whether directly or indirectly by
reason of any reference elsewhere herein to any such Section or Article or by
reason of any reference in any such Section or Article to any other provision
herein or in any other document, but the remainder of this Indenture and such
Securities shall be unaffected thereby.

Section 1404. Conditions to Defeasance or Covenant Defeasance.

     The following shall be the conditions to the application of Section 1402
or Section 1403 to any Securities or any series of Securities, as the case may
be:

		
	 	     (1) The Company shall irrevocably have deposited or caused to
be deposited with the Trustee (or another trustee which satisfies
the requirements contemplated by Section 609 and agrees to comply
with the provisions of this Article applicable to it) as trust
funds in trust for the purpose of making the

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	 	following payments, specifically pledged as security for, and
dedicated solely to, the benefits of the Holders of such
Securities, (A) money in an amount, or (B) U.S. Government
Obligations which through the scheduled payment of principal and
interest in respect thereof in accordance with their terms will
provide, not later than one day before the due date of any payment,
money in an amount, or (C) a combination thereof, in each case
sufficient, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay and discharge, and which
shall be applied by the Trustee (or any such other qualifying
trustee) to pay and discharge, the principal of and any premium and
interest on such Securities on the respective Stated Maturities, in
accordance with the terms of this Indenture and such Securities. As
used herein, “U.S. Government Obligation” means (x) any security
which is (i) a direct obligation of the United States of America
for the payment of which the full faith and credit of the United
States of America is pledged or (ii) an obligation of a Person
controlled or supervised by and acting as an agency or
instrumentality of the United States of America the payment of
which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America, which, in either case
(i) or (ii), is not callable or redeemable at the option of the
issuer thereof, and (y) any depositary receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act) as custodian with
respect to any U.S. Government Obligation which is specified in
Clause (x) above and held by such bank for the account of the
holder of such depositary receipt, or with respect to any specific
payment of principal of or interest on any U.S. Government
Obligation which is so specified and held, provided that (except as
required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depositary
receipt from any amount received by the custodian in respect of the
U.S. Government Obligation or the specific payment of principal or
interest evidenced by such depositary receipt.

		
	 	     (2) In the event of an election to have Section 1402 apply to
any Securities or any series of Securities, as the case may be, the
Company shall have delivered to the Trustee an Opinion of Counsel
stating 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 instrument, there has been a change in the
applicable Federal income tax law, in either case (A) or (B) to the
effect that, and based thereon such opinion shall confirm that, the
Holders of such Securities will not recognize gain or loss for
Federal income tax purposes as a result of the deposit, Defeasance
and discharge to be effected with respect to such Securities and
will be subject to Federal income tax on the same amount, in the
same manner and at the same times as would be the case if such
deposit, Defeasance and discharge were not to occur.

		
	 	     (3) In the event of an election to have Section 1403 apply to
any Securities or any series of Securities, as the case may be, the
Company shall have delivered to the Trustee an Opinion of Counsel
to the effect that the Holders of such Securities will not
recognize gain or loss for Federal income tax purposes as a result
of the deposit and Covenant Defeasance to be effected with respect
to

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	 	such Securities and will be subject to Federal income tax on
the same amount, in the same manner and at the same times as would
be the case if such deposit and Covenant Defeasance were not to
occur.

		
	 	     (4) The Company shall have delivered to the Trustee an
Officer’s Certificate to the effect that neither such Securities
nor any other Securities of the same series, if then listed on any
securities exchange, will be delisted as a result of such deposit.

		
	 	     (5) No event which is, or after notice or lapse of time or
both would become, an Event of Default with respect to such
Securities or any other Securities shall have occurred and be
continuing at the time of such deposit or, with regard to any such
event specified in Sections 501(5) and (6), at any time on or prior
to the 121st day after the date of such deposit (it being
understood that this condition shall not be deemed satisfied until
after such 121st day).

		
	 	     (6) Such Defeasance or Covenant Defeasance shall not cause the
Trustee to have a conflicting interest within the meaning of the
Trust Indenture Act (assuming all Securities are in default within
the meaning of such Act).

		
	 	     (7) Such Defeasance or Covenant Defeasance shall not result in
a breach or violation of, or constitute a default under, any other
agreement or instrument to which the Company is a party or by which
it is bound.

		
	 	     (8) The Company shall have delivered to the Trustee an Opinion
of Counsel to the effect that such deposit shall not cause either
the Trustee or the trust so created to be subject to the Investment
Company Act of 1940.

		
	 	     (9) The Company shall have delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent with respect to such Defeasance or
Covenant Defeasance have been complied with.

Section 1405. Deposited Money and U.S. Government Obligations to Be Held in Trust;
Miscellaneous Provisions.

     Subject to the provisions of the last paragraph of Section 1003, all money
and U.S. Government Obligations (including the proceeds thereof) deposited with
the Trustee or other qualifying trustee (solely for purposes of this Section
and Section 1406, the Trustee and any such other trustee are referred to
collectively as the “Trustee”) pursuant to Section 1404 in respect of any
Securities shall be held in trust and applied by the Trustee, in accordance
with the provisions of such Securities and this Indenture, to the payment,
either directly or through any such Paying Agent (including the Company acting
as its own Paying Agent) as the Trustee may determine, to the Holders of such
Securities, of all sums due and to become due thereon in respect of principal
and any premium and interest, but money so held in trust need not be segregated
from other

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funds except to the extent required by law. Money and U.S. Government
Obligations so held in trust shall not be subject to the provisions of Article
Twelve.

     The Company shall pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the U.S. Government Obligations
deposited pursuant to Section 1504 or the principal and interest received in
respect thereof other than any such tax, fee or other charge which by law is
for the account of the Holders of Outstanding Securities.

     Anything in this Article to the contrary notwithstanding, the Trustee
shall deliver or pay to the Company from time to time upon Company Request any
money or U.S. Government Obligations held by it as provided in Section 1404
with respect to any Securities which, in the opinion of a nationally recognized
firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, are in excess of the amount thereof which
would then be required to be deposited to effect the Defeasance or Covenant
Defeasance, as the case may be, with respect to such Securities.

Section 1406. Reinstatement.

     If the Trustee or the Paying Agent is unable to apply any money in
accordance with this Article with respect to any Securities by reason of any
order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, then the obligations under this
Indenture and such Securities from which the Company has been discharged or
released pursuant to Section 1402 or 1403 shall be revived and reinstated as
though no deposit had occurred pursuant to this Article with respect to such
Securities, until such time as the Trustee or Paying Agent is permitted to
apply all money held in trust pursuant to Section 1405 with respect to such
Securities in accordance with this Article; provided, however, that if the
Company makes any payment of principal of or any premium or interest on any
such Security following such reinstatement of its obligations, the Company
shall be subrogated to the rights (if any) of the Holders of such Securities to
receive such payment from the money so held in trust.

ARTICLE FIFTEEN

SINKING FUNDS

Section 1501. Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for
the retirement of Securities of any series except as otherwise specified as
contemplated by Section 301 for such Securities.

     The minimum amount of any sinking fund payment provided for by the terms
of any Securities 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
such Securities is herein referred to as an “optional sinking fund payment”. If
provided for by the terms of any Securities, the cash amount of any sinking
fund payment may be subject to reduction as provided in Section 1502. Each
sinking fund payment shall be applied to the redemption of Securities as
provided for by the terms of such Securities.

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Section 1502. Satisfaction of Sinking Fund Payments with Securities.

     The Company (1) may deliver Outstanding Securities of a series (other than
any previously called for redemption) and (2) may apply as a credit Securities
of a series which have been redeemed either at the election of the Company
pursuant to the terms of such Securities or through the application of
permitted optional sinking fund payments pursuant to the terms of such
Securities, in each case in satisfaction of all or any part of any sinking fund
payment with respect to any Securities of such series required to be made
pursuant to the terms of such Securities as and to the extent provided for by
the terms of such Securities; provided that the Securities to be so credited
have not been previously so credited. The Securities to be so credited shall be
received and credited for such purpose by the Trustee at the Redemption Price,
as specified in the Securities so to be redeemed, for redemption through
operation of the sinking fund and the amount of such sinking fund payment shall
be reduced accordingly.

Section 1503. Redemption of Securities for Sinking Fund.

     Not less than 35 days prior to each sinking fund payment date for any
Securities, the Company will deliver to the Trustee an Officer’s Certificate
specifying the amount of the next ensuing sinking fund payment for such
Securities pursuant to the terms of such Securities, the portion thereof, if
any, which is to be satisfied by payment of cash and the portion thereof, if
any, which is to be satisfied by delivering and crediting Securities pursuant
to Section 1502 and will also deliver to the Trustee any Securities to be so
delivered. Not less than 32 days prior to 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 1103 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 1104. Such notice having been duly given, the
redemption of such Securities shall be made upon the terms and in the manner
stated in Sections 1106 and 1107.

ARTICLE SIXTEEN

GUARANTEE

Section 1601. Unconditional Guarantee.

     (a)  Notwithstanding any provision of this Article to the contrary, the
provisions of this Article shall be applicable only to, and inure solely to the
benefit of, the Securities of any series designated, pursuant to Section 301,
as entitled to the benefits of the Guarantee of each of the Subsidiary
Guarantors.

     (b)  For value received, each of the Subsidiary Guarantors hereby fully,
unconditionally and absolutely guarantees (the “Guarantee”) to the Holders and
to the Trustee the due and punctual payment of the principal of, and premium,
if any, and interest on the Securities and all other amounts due and payable
under this Indenture and the Securities by the Company, when and as such
principal, premium, if any, and interest shall become due and payable, whether
at the stated maturity or by declaration of acceleration, call for redemption
or otherwise, according to the terms of the Securities and this Indenture,
subject to the limitations set forth in Section 1603.

     (c)  Failing payment when due of any amount guaranteed pursuant to the
Guarantee, for whatever reason, each of the Subsidiary Guarantors will be
jointly and severally obligated to pay

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the same immediately. The Guarantee hereunder is intended to be a
general, unsecured, senior obligation of each of the Subsidiary Guarantors and
will rank pari passu in right of payment with all debt of such Subsidiary
Guarantor that is not, by its terms, expressly subordinated in right of payment
to the Guarantee. Each of the Subsidiary Guarantors hereby agrees that its
obligations hereunder shall be full, unconditional and absolute, irrespective
of the validity, regularity or enforceability of the Securities, the Guarantee
(including the Guarantee of any other Subsidiary Guarantor) or this Indenture,
the absence of any action to enforce the same, any waiver or consent by any
Holder of the Securities with respect to any provisions hereof or thereof, the
recovery of any judgment against the Company or any other Subsidiary Guarantor,
or any action to enforce the same or any other circumstances which might
otherwise constitute a legal or equitable discharge or defense of the
Subsidiary Guarantors. Each of the Subsidiary Guarantors hereby agrees that in
the event of a default in payment of the principal of, or premium, if any, or
interest on the Securities, whether at the Stated Maturity or by declaration of
acceleration, call for redemption or otherwise, legal proceedings may be
instituted by the Trustee on behalf of the Holders or, subject to Section 507,
by the Holders, on the terms and conditions set forth in this Indenture,
directly against such Subsidiary Guarantor to enforce the Guarantee without
first proceeding against the Company or any other Subsidiary Guarantor.

     (d)  The obligations of each of the Subsidiary Guarantors under this
Article shall be as aforesaid full, unconditional and absolute and shall not be
impaired, modified, released or limited by any occurrence or condition
whatsoever, including, without limitation, (A) any compromise, settlement,
release, waiver, renewal, extension, indulgence or modification of, or any
change in, any of the obligations and liabilities of the Company or any of the
Subsidiary Guarantors contained in the Securities or this Indenture, (B) any
impairment, modification, release or limitation of the liability of the
Company, any of the Subsidiary Guarantors or either of their estates in
bankruptcy, or any remedy for the enforcement thereof, resulting from the
operation of any present or future provision of any applicable bankruptcy law,
or other statute or from the decision of any court, (C) the assertion or
exercise by the Company, any of the Subsidiary Guarantors or the Trustee of any
rights or remedies under the Securities or this Indenture or their delay in or
failure to assert or exercise any such rights or remedies, (D) the assignment
or the purported assignment of any property as security for the Securities,
including all or any part of the rights of the Company or any of the Subsidiary
Guarantors under this Indenture, (E) the extension of the time for payment by
the Company or any of the Subsidiary Guarantors of any payments or other sums
or any part thereof owing or payable under any of the terms and provisions of
the Securities or this Indenture or of the time for performance by the Company
or any of the Subsidiary Guarantors of any other obligations under or arising
out of any such terms and provisions or the extension or the renewal of any
thereof, (F) the modification or amendment (whether material or otherwise) of
any duty, agreement or obligation of the Company or any of the Subsidiary
Guarantors set forth in this Indenture, (G) the voluntary or involuntary
liquidation, dissolution, sale or other disposition of all or substantially all
of the assets, marshaling of assets and liabilities, receivership, insolvency,
bankruptcy, assignment for the benefit of creditors, reorganization,
arrangement, composition or readjustment of, or other similar proceeding
affecting, the Company or any of the Subsidiary Guarantors or any of their
respective assets, or the disaffirmance of the Securities, the Guarantee or
this Indenture in any such proceeding, (H) the release or discharge of the
Company or any of the Subsidiary Guarantors from the performance or observance
of any agreement, covenant, term or condition contained in any of such
instruments by operation of law, (I) the unenforceability of the

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Securities, the Guarantee or this Indenture or (J) any other circumstances
(other than payment in full or discharge of all amounts guaranteed pursuant to
the Guarantee) which might otherwise constitute a legal or equitable discharge
of a surety or guarantor.

     (e)  Each of the Subsidiary Guarantors hereby (A) waives diligence,
presentment, demand of payment, filing of claims with a court in the event of
the merger, insolvency or bankruptcy of the Company or any of the Subsidiary
Guarantors, and all demands whatsoever, (B) acknowledges that any agreement,
instrument or document evidencing the Guarantee may be transferred and that the
benefit of its obligations hereunder shall extend to each holder of any
agreement, instrument or document evidencing the Guarantee without notice to it
and (C) covenants that the Guarantee will not be discharged except by complete
performance of the Guarantee. Each of the Subsidiary Guarantors further agrees
that if at any time all or any part of any payment theretofore applied by any
Person to the Guarantee is, or must be, rescinded or returned for any reason
whatsoever, including without limitation, the insolvency, bankruptcy or
reorganization of the Company or any of the Subsidiary Guarantors, the
Guarantee shall, to the extent that such payment is or must be rescinded or
returned, be deemed to have continued in existence notwithstanding such
application, and the Guarantee shall continue to be effective or be reinstated,
as the case may be, as though such application had not been made.

     (f)  Each of the Subsidiary Guarantors shall be subrogated to all rights
of the Holders and the Trustee against the Company in respect of any amounts
paid by such Subsidiary Guarantor pursuant to the provisions of this Indenture,
provided, however, that such Subsidiary Guarantor, shall not be entitled to
enforce or to receive any payments arising out of, or based upon, such right of
subrogation until all of the Securities and the Guarantee shall have been paid
in full or discharged.

Section 1602. Execution and Delivery of Guarantee.

     To further evidence the Guarantee set forth in Section 1601, each of the
Subsidiary Guarantors hereby agrees that a notation relating to such Guarantee,
substantially in the form attached hereto as Annex A, shall be endorsed on each
Security entitled to the benefits of the Guarantee authenticated and delivered
by the Trustee and executed by either manual or facsimile signature of an
officer of such Subsidiary Guarantor, or in the case of a Subsidiary Guarantor
that is a limited partnership, an officer of the general partner of each
Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby agrees that the
Guarantee set forth in Section 1601 shall remain in full force and effect
notwithstanding any failure to endorse on each Security a notation relating to
the Guarantee. If any officer of the Subsidiary Guarantor, or in the case of a
Subsidiary Guarantor that is a limited partnership, any officer of the general
partner of the Subsidiary Guarantor, whose signature is on this Indenture or a
Security no longer holds that office at the time the Trustee authenticates such
Security or at any time thereafter, the Guarantee of such Security shall be
valid nevertheless. The delivery of any Security by the Trustee, after the
authentication thereof hereunder, shall constitute due delivery of the
Guarantee set forth in this Indenture on behalf of the Subsidiary Guarantors.

     The Trustee hereby accepts the trusts in this Indenture upon the terms and
conditions herein set forth.

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Section 1603. Limitation on Subsidiary Guarantors’ Liability.

     Each Subsidiary Guarantor and by its acceptance hereof each Holder of a
Security entitled to the benefits of the Guarantee hereby confirm that it is
the intention of all such parties that the guarantee by such Subsidiary
Guarantor pursuant to its Guarantee not constitute a fraudulent transfer or
conveyance for purposes of any Federal or state law. To effectuate the
foregoing intention, the Holders of a Security entitled to the benefits of the
Guarantee and the Subsidiary Guarantors hereby irrevocably agree that the
obligations of each Subsidiary Guarantor under its Guarantee shall be limited
to the maximum amount as will, after giving effect to all other contingent and
fixed liabilities of such Subsidiary Guarantor and to any collections from or
payments made by or on behalf of any other Subsidiary Guarantor in respect of
the obligations of such other Subsidiary Guarantor under its Guarantee, result
in the obligations of such Subsidiary Guarantor under the Guarantee not
constituting a fraudulent conveyance or fraudulent transfer under Federal or
state law.

Section 1604. Release of Subsidiary Guarantors from Guarantee.

     (a)  Notwithstanding any other provisions of this Indenture, the Guarantee
of any Subsidiary Guarantor may be released upon the terms and subject to the
conditions set forth in this Section 1604. Provided that no Default shall have
occurred and shall be continuing under this Indenture, any Guarantee incurred
by a Subsidiary Guarantor pursuant to this Article shall be unconditionally
released and discharged (i) automatically upon (A) any sale, exchange or
transfer, whether by way of merger or otherwise, to any Person that is not an
Affiliate of the Company, of all of the Company’s direct or indirect limited
partnership or other equity interests in such Subsidiary Guarantor (provided
such sale, exchange or transfer is not prohibited by this Indenture) or (B) the
merger of such Subsidiary Guarantor into the Company or any other Subsidiary
Guarantor or the liquidation and dissolution of such Subsidiary Guarantor (in
each case to the extent not prohibited by this Indenture) or (ii) following
delivery of a written notice of such release or discharge by the Company to the
Trustee, upon the release or discharge of all guarantees by such Subsidiary
Guarantor of any debt of the Company other than obligations arising under this
Indenture and any Securities issued hereunder, except a discharge or release by
or as a result of payment under such guarantees.

     (b)  The Trustee shall deliver an appropriate instrument evidencing any
release of a Subsidiary Guarantor from the Guarantee upon receipt of a written
request of the Company accompanied by an Officers’ Certificate and an Opinion
of Counsel the Subsidiary Guarantor is entitled to such release in accordance
with the provisions of this Indenture. Any Subsidiary Guarantor not so
released remains liable for the full amount of principal of (and premium, if
any, on) and interest on the Securities entitled to the benefits of such
Guarantee as provided in this Indenture, subject to the limitations of Section
1603.

Section 1605. Subsidiary Guarantor Contribution.

     In order to provide for just and equitable contribution among the
Subsidiary Guarantors, the Subsidiary Guarantors hereby agree, inter se, that
in the event any payment or distribution is made by any Subsidiary Guarantor (a
“Funding Guarantor”) under its Guarantee, such Funding

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Guarantor shall be entitled to a contribution from each other Subsidiary
Guarantor (if any) in a pro rata amount based on the net assets of each
Subsidiary Guarantor (including the Funding Guarantor) for all payments,
damages and expenses incurred by that Funding Guarantor in discharging the
Company’s obligations with respect to the Securities or any other Subsidiary
Guarantor’s obligations with respect to its Guarantee.

73

 

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

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

	 	 	 	 	 
	 	Penn Virginia Corporation
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

A. James Dearlove

President and Chief Executive Officer	 	 
	 	 	 	 	 
	 	Penn Virginia Holding Corp.
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

A. James Dearlove

President
	 	 	 	 	 
	 	Penn Virginia Oil and Gas Corporation

(a Virginia corporation)
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

A. James Dearlove

Chief Executive Officer
	 	 	 	 	 
	 	Penn Virginia Oil and Gas Corporation

(a Texas Corporation)
	 
	 	By 	 	 	 
	 	 	

A. James Dearlove

Chief Executive Officer
	 	 	 	 	 
	 	Penn Virginia Resource GP, LLC
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

A. James Dearlove

Chief Executive Officer
	 	 	 	 	 
	 	Penn Virginia Resource LP Corp.
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

A. James Dearlove

Chief Executive Officer

74

 

	 	 	 	 	 
	 	Kanawha Rail Corp.
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

A. James Dearlove

Chief Executive Officer
	 	 	 	 	 
	 	 	, as Trustee
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

75

 

ANNEX A

     NOTATION OF GUARANTEE

     Each of the Subsidiary Guarantors (which term includes any successor
Person under the Indenture), has fully, unconditionally and absolutely
guaranteed, to the extent set forth in the Indenture and subject to the
provisions in the Indenture, the due and punctual payment of the principal of,
and premium, if any, and interest on the Securities and all other amounts due
and payable under the Indenture and the Securities by the Company.

     The obligations of the Subsidiary Guarantors to the Holders of Securities
and to the Trustee pursuant to the Guarantee and the Indenture are expressly
set forth in Article Sixteen of the Indenture and reference is hereby made to
the Indenture for the precise terms of the Guarantee.

	 	 	 	 	 
	 	Penn Virginia Holding Corp.
	 	 	 	 	 
	 	
By 	 	 	 
	 	 	

	 	 
	 	 	
A. James Dearlove

Vice President and President	 	 
	 	 	 	 	 
	 	Penn Virginia Oil and Gas Corporation

(a Virginia corporation)
	 	 	 	 	 
	 	
By 	 	 	 
	 	 	

	 	 
	 	 	
A. James Dearlove

Chief Executive Officer	 	 
	 	 	 	 	 
	 	Penn Virginia Oil and Gas Corporation

(a Texas Corporation)
	 	 	 	 	 
	 	
By 	 	 	 
	 	 	

	 	 
	 	 	
A. James Dearlove

Chief Executive Officer	 	 
	 	 	 	 	 
	 	Penn Virginia Resource GP, LLC
	 	 	 	 	 
	 	
By 	 	 	 
	 	 	

	 	 
	 	 	
A. James Dearlove

Chief Executive Officer	 	 

76

 

	 	 	 	 	 
	 	Penn Virginia Resource LP Corp.
	 	 	 	 	 
	 	By 	 	 	 
	 	 	

	 	 
	 	 	
A. James Dearlove

Chief Executive Officer	 	 
	 	 	 	 	 
	 	Kanawha Rail Corp.
	 	 	 	 	 
	 	
By 	 	 	 
	 	 	

	 	 
	 	 	
A. James Dearlove

Chief Executive Officer	 	 

77

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