Document:

Exhibit 10.16

 

EXECUTION COPY

 

AGREEMENT

 

THIS
AGREEMENT, dated as of June 1, 2010 (the “Agreement”), is by and
among TAL International Group, Inc., a Delaware corporation (the “Company”),
and certain stockholders of the Company set forth on the signature pages hereto
(the “Shareholders”). Capitalized terms used but not otherwise defined
herein shall have the respective definitions ascribed thereto in the
Shareholders Agreement (as defined below).

 

R E C I T A L S

 

WHEREAS,
the Company and the Shareholders have heretofore entered into that certain
Amended and Restated Shareholders Agreement, dated as of October 11, 2005
(as amended, the “Shareholders Agreement”); and

 

WHEREAS,
pursuant to Section 5.5 of the Shareholders Agreement, the Company and the
Shareholders desire to release Fairholme Partners, L.P., Fairholme Ventures II,
LLC and Fairholme Holdings, Ltd. (collectively, the “Fairholme Funds”)
as a party to the Shareholders Agreement, as more fully set forth herein; and

 

WHEREAS,
the Fairholme Funds agree to certain Transfer restrictions set forth herein.

 

NOW,
THEREFORE, in consideration of the above premises and the mutual covenants,
conditions and provisions hereinafter set forth, the parties hereto agree as
follows:

 

SECTION 1.  RELEASE.  The Fairholme Funds and each of their
respective Affiliates and Permitted Transferees, if any, are hereby released
from and shall cease to be parties to the Shareholders Agreement with immediate
effect.  All rights and obligations of
the Fairholme Funds and such Affiliates and Permitted Transferees pursuant to
the Shareholders Agreement are hereby terminated and shall cease to have any
force or effect and each of the Fairholme Funds and such Affiliates and
Permitted Transferees shall cease to be a “Shareholder”, “Investor”, and “Resolute
Investor” under, or a party to, the Shareholders Agreement.

 

SECTION 2.  TRANSFER RESTRICTION.  Each of the Fairholme Funds hereby agrees not
to effect any Transfer, including any sale pursuant to Rule 144 under the
Securities Act, of any shares of Common Stock, or of any security convertible
into or exchangeable or exercisable for Common Stock, during a period
commencing on the date hereof and ending 90 calendar days after the date
hereof.

 

SECTION 3.
BENEFITS OF AGREEMENT.  The terms
and provisions of this Agreement shall be binding upon and inure to the benefit
of the parties to the Shareholders Agreement and their respective successors
and assigns to the extent contemplated by the Shareholders Agreement.

 

SECTION 4.  EXECUTION IN COUNTERPARTS.  This Agreement may be executed in any number
of counterparts, each of which counterparts, when so executed and delivered,
shall be deemed to be an original and all of which counterparts, taken
together, shall constitute but one and the same agreement.  Faxed or electronically transmitted PDF
signatures of this Agreement shall be binding for all purposes.

 

 

SECTION 5.  SEVERABILITY.  If any provision of this Agreement shall be
held to be invalid, illegal or unenforceable under applicable law in any
jurisdiction, such provision shall be ineffective only to the extent of such
invalidity, illegality or unenforceability, which shall not affect any other
provisions hereof or the validity, legality and enforceability of such
provision in any other jurisdiction.

 

SECTION 6.  GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY, AND
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW.

 

SECTION 7.  ENTIRE AGREEMENT.  This Agreement together with all other
instruments, agreements and certificates executed by the parties in connection
herewith, or with reference thereto, embody the entire understanding and
agreement between the parties hereto and thereto with respect to the subject
matter hereof and thereof and supercede all prior agreements, understandings
and inducements, whether express or implied, oral or written.

 

[Signature Pages Follow]

 

2

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
and delivered as of the date first above written.

 

 

	
   

  	
  TAL
  INTERNATIONAL GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE
  RESOLUTE FUND, L.P.

  
	
   

  	
   

  
	
   

  	
  By:
  Resolute Fund Partners, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE
  RESOLUTE FUND SINGAPORE PV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:
  Resolute Fund Partners, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE
  RESOLUTE FUND NETHERLANDS PV I, L.P.

  
	
   

  	
   

  
	
   

  	
  By:
  Resolute Fund Partners, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

 

	
   

  	
  THE
  RESOLUTE FUND NETHERLANDS PV II, L.P.

  
	
   

  	
   

  
	
   

  	
  By:
  Resolute Fund Partners, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE
  RESOLUTE FUND NQP, L.P.

  
	
   

  	
   

  
	
   

  	
  By:
  Resolute Fund Partners, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

 

	
   

  	
  FAIRHOLME
  PARTNERS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:
  Fairholme Capital Management, L.L.C., its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  FAIRHOLME
  VENTURES II, LLC.

  
	
   

  	
   

  
	
   

  	
  By:
  Fairholme Capital Management, L.L.C., its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  FAIRHOLME
  HOLDINGS, LTD.

  
	
   

  	
   

  
	
   

  	
  By:
  Fairholme Capital Management, L.L.C., its Investment Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:Exhibit 4.2

 

CLEAN ENERGY FUELS CORP.

 

AND

 

 

Trustee

 

 

INDENTURE

 

Dated as of [
                        
]

 

Debt Securities

 

 

Reconciliation and tie between

Trust Indenture Act of 1939, as amended,

and the Indenture

 

	
  Trust
  Indenture Act Section

  	
   

  	
  Indenture Section

  	
   

  
	
  (S)310(a)(1)

  	
   

  	
  6.8

  	
   

  
	
  (a)(2)

  	
   

  	
  6.8

  	
   

  
	
  (b)

  	
   

  	
  6.9

  	
   

  
	
  (S)312(a)

  	
   

  	
  7.1

  	
   

  
	
  (b)

  	
   

  	
  7.2

  	
   

  
	
  (c)

  	
   

  	
  7.2

  	
   

  
	
  (S)313(a)

  	
   

  	
  7.3

  	
   

  
	
  (b)(2)

  	
   

  	
  7.3

  	
   

  
	
  (c)

  	
   

  	
  7.3

  	
   

  
	
  (d)

  	
   

  	
  7.3

  	
   

  
	
  (S)314(a)

  	
   

  	
  7.4

  	
   

  
	
  (c)(1)

  	
   

  	
  1.2

  	
   

  
	
  (c)(2)

  	
   

  	
  1.2

  	
   

  
	
  (e)

  	
   

  	
  1.2

  	
   

  
	
  (f)

  	
   

  	
  1.2

  	
   

  
	
  (S)316(a) (last sentence)

  	
   

  	
  1.1

  	
   

  
	
  (a)(1)(A)

  	
   

  	
  5.2, 5.12

  	
   

  
	
  (a)(1)(B)

  	
   

  	
  5.13

  	
   

  
	
  (b)

  	
   

  	
  5.8

  	
   

  
	
  (S)317(a)(1)

  	
   

  	
  5.3

  	
   

  
	
  (a)(2)

  	
   

  	
  5.4

  	
   

  
	
  (b)

  	
   

  	
  10.3

  	
   

  
	
  (S)318(a)

  	
   

  	
  1.8

  	
   

  

 

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

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE 1

  	
  DEFINITIONS
  AND OTHER PROVISIONS OF GENERAL APPLICATION

  	
  6

  
	
   

  	
   

  	
   

  
	
  Section 1.1

  	
  Definitions;
  Rules of Construction

  	
  6

  
	
   

  	
   

  	
   

  
	
  Section 1.2

  	
  Compliance
  Certificates and Opinions

  	
  17

  
	
   

  	
   

  	
   

  
	
  Section 1.3

  	
  Form of
  Documents Delivered to Trustee

  	
  18

  
	
   

  	
   

  	
   

  
	
  Section 1.4

  	
  Acts
  of Holders

  	
  18

  
	
   

  	
   

  	
   

  
	
  Section 1.5

  	
  Notices, etc.,
  to Trustee and Company

  	
  20

  
	
   

  	
   

  	
   

  
	
  Section 1.6

  	
  Notice
  to Holders of Securities; Waiver

  	
  20

  
	
   

  	
   

  	
   

  
	
  Section 1.7

  	
  Language
  of Notices

  	
  21

  
	
   

  	
   

  	
   

  
	
  Section 1.8

  	
  Incorporation
  by Reference of Trust Indenture Act; Trust Indenture Act Controls

  	
  21

  
	
   

  	
   

  	
   

  
	
  Section 1.9

  	
  Effect
  of Headings and Table of Contents

  	
  22

  
	
   

  	
   

  	
   

  
	
  Section 1.10

  	
  Successors
  and Assigns

  	
  22

  
	
   

  	
   

  	
   

  
	
  Section 1.11

  	
  Separability
  Clause

  	
  22

  
	
   

  	
   

  	
   

  
	
  Section 1.12

  	
  Benefits
  of Indenture

  	
  22

  
	
   

  	
   

  	
   

  
	
  Section 1.13

  	
  Governing
  Law; Waiver of Trial by Jury

  	
  22

  
	
   

  	
   

  	
   

  
	
  Section 1.14

  	
  Legal
  Holidays

  	
  22

  
	
   

  	
   

  	
   

  
	
  Section 1.15

  	
  Counterparts

  	
  23

  
	
   

  	
   

  	
   

  
	
  Section 1.16

  	
  Judgment
  Currency

  	
  23

  
	
   

  	
   

  	
   

  
	
  Section 1.17

  	
  Limitation
  on Individual Liability

  	
  24

  
	
   

  	
   

  	
   

  
	
  ARTICLE 2

  	
  SECURITIES
  FORMS

  	
  24

  
	
   

  	
   

  	
   

  
	
  Section 2.1

  	
  Forms
  Generally

  	
  24

  
	
   

  	
   

  	
   

  
	
  Section 2.2

  	
  Form of
  Trustee’s Certificate of Authentication

  	
  25

  
	
   

  	
   

  	
   

  
	
  Section 2.3

  	
  Securities
  in Global Form

  	
  25

  
	
   

  	
   

  	
   

  
	
  ARTICLE 3

  	
  THE
  SECURITIES

  	
  26

  
	
   

  	
   

  	
   

  
	
  Section 3.1

  	
  Amount
  Unlimited; Issuable in Series

  	
  26

  
	
   

  	
   

  	
   

  
	
  Section 3.2

  	
  Currency;
  Denominations

  	
  30

  
	
   

  	
   

  	
   

  
	
  Section 3.3

  	
  Execution,
  Authentication, Delivery and Dating

  	
  30

  
	
   

  	
   

  	
   

  
	
  Section 3.4

  	
  Temporary
  Securities

  	
  32

  
	
   

  	
   

  	
   

  
	
  Section 3.5

  	
  Registration,
  Transfer and Exchange

  	
  32

  
	
   

  	
   

  	
   

  
	
  Section 3.6

  	
  Mutilated,
  Destroyed, Lost and Stolen Securities

  	
  37

  

 

i

 

TABLE OF CONTENTS

(continued)

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  Section 3.7

  	
  Payment
  of Interest and Certain Additional Amounts; Rights to Interest and Certain
  Additional Amounts Preserved

  	
  38

  
	
   

  	
   

  	
   

  
	
  Section 3.8

  	
  Persons
  Deemed Owners

  	
  39

  
	
   

  	
   

  	
   

  
	
  Section 3.9

  	
  Cancellation

  	
  40

  
	
   

  	
   

  	
   

  
	
  Section 3.10

  	
  Computation
  of Interest

  	
  40

  
	
   

  	
   

  	
   

  
	
  Section 3.11

  	
  CUSIP
  and ISIN Numbers

  	
  40

  
	
   

  	
   

  	
   

  
	
  ARTICLE 4

  	
  SATISFACTION
  AND DISCHARGE OF INDENTURE

  	
  41

  
	
   

  	
   

  	
   

  
	
  Section 4.1

  	
  Satisfaction
  and Discharge

  	
  41

  
	
   

  	
   

  	
   

  
	
  Section 4.2

  	
  Defeasance
  and Covenant Defeasance

  	
  42

  
	
   

  	
   

  	
   

  
	
  Section 4.3

  	
  Application
  of Trust Money

  	
  46

  
	
   

  	
   

  	
   

  
	
  Section 4.4

  	
  Qualifying
  Trustee

  	
  46

  
	
   

  	
   

  	
   

  
	
  ARTICLE 5

  	
  REMEDIES

  	
  47

  
	
   

  	
   

  	
   

  
	
  Section 5.1

  	
  Events
  of Default

  	
  47

  
	
   

  	
   

  	
   

  
	
  Section 5.2

  	
  Acceleration
  of Maturity; Rescission and Annulment

  	
  48

  
	
   

  	
   

  	
   

  
	
  Section 5.3

  	
  Collection
  of Indebtedness and Suits for Enforcement by Trustee

  	
  49

  
	
   

  	
   

  	
   

  
	
  Section 5.4

  	
  Trustee
  May File Proofs of Claim

  	
  50

  
	
   

  	
   

  	
   

  
	
  Section 5.5

  	
  Trustee
  May Enforce Claims without Possession of Securities

  	
  51

  
	
   

  	
   

  	
   

  
	
  Section 5.6

  	
  Application
  of Money Collected

  	
  51

  
	
   

  	
   

  	
   

  
	
  Section 5.7

  	
  Limitations
  on Suits

  	
  52

  
	
   

  	
   

  	
   

  
	
  Section 5.8

  	
  Unconditional
  Right of Holders to Receive Principal and any Premium, Interest and
  Additional Amounts

  	
  52

  
	
   

  	
   

  	
   

  
	
  Section 5.9

  	
  Restoration
  of Rights and Remedies

  	
  53

  
	
   

  	
   

  	
   

  
	
  Section 5.10

  	
  Rights
  and Remedies Cumulative

  	
  53

  
	
   

  	
   

  	
   

  
	
  Section 5.11

  	
  Delay
  or Omission Not Waiver

  	
  53

  
	
   

  	
   

  	
   

  
	
  Section 5.12

  	
  Control
  by Holders of Securities

  	
  53

  
	
   

  	
   

  	
   

  
	
  Section 5.13

  	
  Waiver
  of Past or Existing Defaults

  	
  54

  
	
   

  	
   

  	
   

  
	
  Section 5.14

  	
  Waiver
  of Stay or Extension Laws

  	
  54

  
	
   

  	
   

  	
   

  
	
  Section 5.15

  	
  Undertaking
  for Costs

  	
  54

  

 

ii

 

TABLE OF CONTENTS

(continued)

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE 6

  	
  THE
  TRUSTEE

  	
  55

  
	
   

  	
   

  	
   

  
	
  Section 6.1

  	
  Certain
  Duties and Responsibilities

  	
  55

  
	
   

  	
   

  	
   

  
	
  Section 6.2

  	
  Certain
  Rights of Trustee

  	
  55

  
	
   

  	
   

  	
   

  
	
  Section 6.3

  	
  Notice
  of Defaults

  	
  58

  
	
   

  	
   

  	
   

  
	
  Section 6.4

  	
  Not
  Responsible for Recitals or Issuance of Securities

  	
  59

  
	
   

  	
   

  	
   

  
	
  Section 6.5

  	
  May Hold
  Securities

  	
  59

  
	
   

  	
   

  	
   

  
	
  Section 6.6

  	
  Money
  Held in Trust

  	
  59

  
	
   

  	
   

  	
   

  
	
  Section 6.7

  	
  Compensation
  and Reimbursement

  	
  59

  
	
   

  	
   

  	
   

  
	
  Section 6.8

  	
  Corporate
  Trustee Required; Eligibility; Conflicting Interests

  	
  61

  
	
   

  	
   

  	
   

  
	
  Section 6.9

  	
  Resignation
  and Removal; Appointment of Successor

  	
  61

  
	
   

  	
   

  	
   

  
	
  Section 6.10

  	
  Acceptance
  of Appointment by Successor

  	
  63

  
	
   

  	
   

  	
   

  
	
  Section 6.11

  	
  Merger,
  Conversion, Consolidation or Succession to Business

  	
  64

  
	
   

  	
   

  	
   

  
	
  Section 6.12

  	
  Appointment
  of Authenticating Agent

  	
  65

  
	
   

  	
   

  	
   

  
	
  ARTICLE 7

  	
  HOLDERS
  LISTS AND REPORTS BY TRUSTEE AND COMPANY

  	
  67

  
	
   

  	
   

  	
   

  
	
  Section 7.1

  	
  Company
  to Furnish Trustee Names and Addresses of Holders

  	
  67

  
	
   

  	
   

  	
   

  
	
  Section 7.2

  	
  Preservation
  of Information; Communications to Holders

  	
  67

  
	
   

  	
   

  	
   

  
	
  Section 7.3

  	
  Reports
  by Trustee

  	
  67

  
	
   

  	
   

  	
   

  
	
  Section 7.4

  	
  Reports
  by Company

  	
  68

  
	
   

  	
   

  	
   

  
	
  ARTICLE 8

  	
  CONSOLIDATION,
  MERGER AND SALES

  	
  69

  
	
   

  	
   

  	
   

  
	
  Section 8.1

  	
  Company
  May Consolidate, etc., Only on Certain Terms

  	
  69

  
	
   

  	
   

  	
   

  
	
  Section 8.2

  	
  Successor
  Person Substituted for Company

  	
  69

  
	
   

  	
   

  	
   

  
	
  ARTICLE 9

  	
  SUPPLEMENTAL
  INDENTURES

  	
  70

  
	
   

  	
   

  	
   

  
	
  Section 9.1

  	
  Supplemental
  Indentures Without Consent of Holders

  	
  70

  
	
   

  	
   

  	
   

  
	
  Section 9.2

  	
  Supplemental
  Indentures With Consent of Holders

  	
  72

  
	
   

  	
   

  	
   

  
	
  Section 9.3

  	
  Execution
  of Supplemental Indentures

  	
  73

  
	
   

  	
   

  	
   

  
	
  Section 9.4

  	
  Revocation
  of Consents

  	
  74

  
	
   

  	
   

  	
   

  

 

iii

 

TABLE OF CONTENTS

(continued)

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  Section 9.5

  	
  Effect
  of Supplemental Indentures

  	
  74

  
	
   

  	
   

  	
   

  
	
  Section 9.6

  	
  Reference
  in Securities to Supplemental Indentures

  	
  74

  
	
   

  	
   

  	
   

  
	
  Section 9.7

  	
  Conformity
  with Trust Indenture Act

  	
  74

  
	
   

  	
   

  	
   

  
	
  Section 9.8

  	
  Notice
  of Supplemental Indenture

  	
  75

  
	
   

  	
   

  	
   

  
	
  ARTICLE 10

  	
  COVENANTS

  	
  75

  
	
   

  	
   

  	
   

  
	
  Section 10.1

  	
  Payment
  of Principal, any Premium, Interest and Additional Amounts

  	
  75

  
	
   

  	
   

  	
   

  
	
  Section 10.2

  	
  Maintenance
  of Office or Agency

  	
  75

  
	
   

  	
   

  	
   

  
	
  Section 10.3

  	
  Money
  for Securities Payments to Be Held in Trust

  	
  76

  
	
   

  	
   

  	
   

  
	
  Section 10.4

  	
  Additional
  Amounts

  	
  77

  
	
   

  	
   

  	
   

  
	
  Section 10.5

  	
  Waiver
  of Certain Covenants

  	
  78

  
	
   

  	
   

  	
   

  
	
  Section 10.6

  	
  Company
  Statement as to Compliance

  	
  78

  
	
   

  	
   

  	
   

  
	
  ARTICLE 11

  	
  REDEMPTION
  OF SECURITIES

  	
  79

  
	
   

  	
   

  	
   

  
	
  Section 11.1

  	
  Applicability
  of Article

  	
  79

  
	
   

  	
   

  	
   

  
	
  Section 11.2

  	
  Election
  to Redeem; Notice to Trustee

  	
  79

  
	
   

  	
   

  	
   

  
	
  Section 11.3

  	
  Selection
  by Trustee of Securities to be Redeemed

  	
  79

  
	
   

  	
   

  	
   

  
	
  Section 11.4

  	
  Notice
  of Redemption

  	
  80

  
	
   

  	
   

  	
   

  
	
  Section 11.5

  	
  Deposit
  of Redemption Price

  	
  81

  
	
   

  	
   

  	
   

  
	
  Section 11.6

  	
  Securities
  Payable on Redemption Date

  	
  82

  
	
   

  	
   

  	
   

  
	
  Section 11.7

  	
  Securities
  Redeemed in Part

  	
  82

  
	
   

  	
   

  	
   

  
	
  Section 11.8

  	
  Repurchases
  on the Open Market

  	
  83

  
	
   

  	
   

  	
   

  
	
  ARTICLE 12

  	
  SINKING
  FUNDS

  	
  83

  
	
   

  	
   

  	
   

  
	
  Section 12.1

  	
  Applicability of Article

  	
  83

  
	
   

  	
   

  	
   

  
	
  Section 12.2

  	
  Satisfaction
  of Sinking Fund Payments with Securities

  	
  83

  
	
   

  	
   

  	
   

  
	
  Section 12.3

  	
  Redemption
  of Securities for Sinking Fund

  	
  84

  
	
   

  	
   

  	
   

  
	
  ARTICLE 13

  	
  REPAYMENT
  AT THE OPTION OF HOLDERS

  	
  84

  
	
   

  	
   

  	
   

  
	
  Section 13.1

  	
  Applicability
  of Article

  	
  84

  
	
   

  	
   

  	
   

  
	
  ARTICLE 14

  	
  SECURITIES
  IN FOREIGN CURRENCIES

  	
  85

  
	
   

  	
   

  	
   

  
	
  Section 14.1

  	
  Applicability
  of Article

  	
  85

  
	
   

  	
   

  	
   

  

 

iv

 

TABLE OF CONTENTS

(continued)

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE 15

  	
  MEETINGS
  OF HOLDERS OF SECURITIES

  	
  85

  
	
   

  	
   

  	
   

  
	
  Section 15.1

  	
  Purposes
  for Which Meetings May Be Called

  	
  85

  
	
   

  	
   

  	
   

  
	
  Section 15.2

  	
  Call,
  Notice and Place of Meetings

  	
  85

  
	
   

  	
   

  	
   

  
	
  Section 15.3

  	
  Persons
  Entitled to Vote at Meetings

  	
  86

  
	
   

  	
   

  	
   

  
	
  Section 15.4

  	
  Quorum;
  Action

  	
  86

  
	
   

  	
   

  	
   

  
	
  Section 15.5

  	
  Determination
  of Voting Rights; Conduct and Adjournment of Meetings

  	
  87

  
	
   

  	
   

  	
   

  
	
  Section 15.6

  	
  Counting
  Votes and Recording Action of Meetings

  	
  88

  

 

v

 

INDENTURE
(the “Indenture”), dated as of
[                                ],
between CLEAN ENERGY FUELS CORP., a corporation existing under the laws of the
State of Delaware (the “Company”), and
                                          ,
                                    ,
as trustee (the “Trustee”).

 

RECITALS

 

The
Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its debentures, notes or other
evidences of indebtedness (hereinafter called the “Securities”),
unlimited as to principal amount, to bear such rates of interest, to mature at
such time or times, to be issued in one or more series and to have such other
provisions as shall be fixed as hereinafter provided.

 

All
things necessary to make this Indenture a valid and legally binding 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 (as herein defined) thereof, it is mutually covenanted and agreed, for
the equal and proportionate benefit of all Holders of the Securities or of any
series thereof as follows:

 

ARTICLE 1

 

DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION

 

Section 1.1             Definitions; Rules of
Construction

 

Except
as otherwise expressly provided in or pursuant to this Indenture or unless the
context otherwise requires, for all purposes of this Indenture:

 

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

 

(2)           all other terms used herein which are
defined in the Trust Indenture Act, 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 terms “generally accepted accounting principles” or “GAAP” with
respect to any computation required or permitted hereunder shall mean such
accounting principles as are generally accepted as of the date hereof;

 

 

(4)           the words “herein,” “hereof,” “hereto”
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;

 

(5)           the word “or” is always used
inclusively (for example, the phrase “A or B” means “A or B or both,” not “either
A or B but not both”);

 

(6)           provisions apply to successive events
and transactions;

 

(7)           any reference to gender includes the
masculine, feminine and the neuter, as the case may be;

 

(8)           references to agreements and other
instruments include subsequent amendments thereto and restatements thereof;

 

(9)           “including” means “including without
limitation”;

 

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

 

(11)         all references to articles, sections
and exhibits (and subparts thereof) are to this Indenture; and

 

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

 

Certain
terms used principally in certain Articles hereof are defined in those Articles.

 

“Act,”
when used with respect to any Holders, has the meaning specified in Section 1.4.

 

“Additional
Amounts” means any additional amounts which are required by this Indenture
or by any Security, under circumstances specified herein or therein, to be paid
by the Company in respect of certain taxes, assessments or other governmental
charges imposed on Holders specified therein and which are owing to such
Holders.

 

“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 the meanings
correlative to the foregoing.

 

7

 

“Applicable
Procedures” means, with respect to any transfer or exchange of or for
beneficial interests in any Global Security, the rules and procedures of
the Depositary that apply to such transfer or exchange at the relevant time.

 

“Authenticating
Agent” means any Person authorized by the Trustee pursuant to Section 6.12
to act on behalf of the Trustee to authenticate Securities of one or more
series.

 

“Authorized
Newspaper” means a newspaper, in an official language of the place of
publication or in the English language, customarily published on each day that
is a Business Day in the place of publication, whether or not published on days
that are Legal Holidays in the place of publication, and of general circulation
in each place in connection with which the term is used or in the financial
community of each such place.  Where
successive publications are required to be made in Authorized Newspapers, the
successive publications may be made in the same or in different newspapers in
the same city meeting the foregoing requirements and in each case on any day
that is a Business Day in the place of publication.  If it shall be impractical in the opinion of
the Trustee to make any publication of any notice required hereby in an
Authorized Newspaper, any publication or other notice in lieu thereof which is
made or given with the approval of the Trustee shall constitute a sufficient
publication of such notice.

 

“Board of Directors”
means:

 

(1)           with respect to the Company, the
board of directors of the Company or any committee of the board of directors of
the Company duly authorized to act generally or in any particular respect for
the Company under this Indenture;

 

(2)           with respect to any other
corporation, the board of directors of the corporation or any authorized committee
thereof;

 

(3)           with respect to a limited liability
company, the managing member or managing members of such limited liability
company or any authorized committee thereof;

 

(4)           with respect to a partnership, the
board of directors of the general partner of the partnership or any authorized
committee thereof; and

 

(5)           with respect to any other Person, the
board or committee of such Person serving a similar function.

 

“Board
Resolution” means a copy of one or more resolutions (which may be standing
resolutions), certified by the Secretary or an Assistant Secretary of the
Company to have been duly adopted by the Board of Directors of the Company and
to be in full force and effect on the date of such certification, and delivered
to the Trustee.

 

8

 

“Business
Day” means, unless otherwise specified with respect to any Securities
pursuant to Section 3.1, each day that is not a Saturday, Sunday or other
day on which banking institutions in New York, New York or another Place of
Payment are authorized or required by law, regulation or executive order to
close.

 

“Capital
Stock” means:

 

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

 

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

 

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

 

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

 

“Commission”
means the Securities and Exchange Commission, as from time to time constituted,
created under the Exchange Act or any successor agency.

 

“Common
Stock” includes any stock of any class of the Company which has no
preference in respect of dividends or of amounts payable in the event of any
voluntary or involuntary liquidation, dissolution or winding up of the Company.

 

“Company”
means the Person named as the “Company” in the first paragraph of this
Indenture 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” and “Company Order” mean, respectively, a written request
or order, as the case may be, signed in the name of the Company by the Chairman
of the Board of Directors of the Company, a Vice Chairman, the President, a
Vice President, the Treasurer, the Assistant Treasurer, the Secretary or the
Assistant Secretary or other person authorized by resolution of the Board of
Directors of the Company, and delivered to the Trustee.

 

“Corporate
Trust Office” means the designated office of the Trustee at which the
corporate trust business of the Trustee shall at any particular time be
administered, which office at the date of original execution of this Indenture
is located at
                                                                    .

 

9

 

“Corporation”
includes corporations and limited liability companies and, except for purposes
of Article 8, associations, companies (other than limited liability
companies) and business trusts.

 

“Currency”
means, with respect to any payment, deposit or other transfer in respect of the
principal of or any premium or interest on or any Additional Amounts with
respect to any Security, Dollars or the Foreign Currency, as the case may be,
in which such payment, deposit or other transfer is required to be made by or
pursuant to the terms hereof or such Security and, with respect to any other
payment, deposit or transfer pursuant to or contemplated by the terms hereof or
such Security, means Dollars.

 

“CUSIP
number” means the alphanumeric designation assigned to a Security by
Standard & Poor’s Corporation, CUSIP Service Bureau.

 

“Defaulted
Interest” has the meaning specified in Section 3.7.

 

“Definitive
Security” means a certificated Security registered in the name of the
Holder thereof (other than a Depositary or its nominee) issued under this
Indenture pursuant to Section 3.1 and Section 3.5.

 

“Dollars”
or “$” means a dollar or other equivalent unit of legal tender for
payment of public or private debts in the United States of America.

 

“Event
of Default” has the meaning specified in Section 5.1.

 

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

 

“Foreign
Currency” means any currency, currency unit or composite currency,
including, without limitation, the euro, issued by the government of one or
more countries other than the United States of America or by any recognized
confederation or association of such governments.

 

“GAAP”
means generally accepted accounting principles in the United States, which are
in effect from time to time.

 

“Global
Security” means a Security issued under this Indenture in global form
pursuant to Section 3.1, bearing the legend set forth in Section 2.3
and deposited with, or on behalf of, and registered in the name of, the
Depositary or its nominee.

 

“Government
Obligations” means securities which are (i) direct obligations of the
United States of America or the other government or governments in the
confederation which issued the Foreign Currency in which the principal of or
any premium or interest on any Security or any Additional Amounts in respect
thereof shall be payable, in each case where the payment or payments thereunder
are supported by 

 

10

 

the
full faith and credit of the United States or such government or governments or
(ii) obligations of a Person controlled or supervised by and acting as an
agency or instrumentality of the United States of America or such other
government or governments, in each case where the timely payment or payments
thereunder are unconditionally guaranteed as a full faith and credit obligation
by the United States of America or such other government or governments, and
which, in the case of (i) or (ii), are not callable or redeemable at the
option of the issuer or issuers thereof, and shall also include a Depositary
receipt issued by a bank or trust company as custodian with respect to any such
Government Obligation or a specific payment of interest on or principal of or
other amount with respect to any such Government Obligation held by such
custodian for the account of the holder of a Depositary receipt, 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 Government Obligation or
the specific payment of interest on or principal of or other amount with
respect to the Government Obligation evidenced by such Depositary receipt.

 

“Holder”
means, in the case of any Registered Security, the Person in whose name such
Security is registered in the Security Register.

 

“Indenture”
means this instrument 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 and, with respect to any Security of any series,
by the terms and provisions of such Security established pursuant to Section 3.1
(as such terms and provisions may be amended pursuant to the applicable
provisions hereof); provided, however, that, if at any time more than one
Person is acting as Trustee under this instrument, “Indenture” shall mean, with
respect to any one or more series of Securities for which such Person is
Trustee, this instrument as originally executed or as it may from time to time
be supplemented or amended by one or more indentures supplemental hereto
entered into pursuant to the applicable provisions hereof and shall include the
terms of those particular series of Securities for which such Person is Trustee
established pursuant to Section 3.1, exclusive, however, of any provisions
or terms which relate solely to other series of Securities for which such
Person is not Trustee, regardless of when such terms or provisions were
adopted.

 

“Independent
Registered Public Accounting Firm” means a firm of accountants that, with
respect to the Company and any other obligor under the Securities, is an
independent registered public accounting firm within the meaning of the
Securities Act of 1933, as amended, and the rules and regulations
promulgated by the Commission thereunder, who may be the independent registered
public accounting firm regularly retained by the Company or who may be another
independent registered public accounting firm. 
Such firm shall be entitled to rely upon any Opinion of Counsel as to
the interpretation of any legal matters relating to this Indenture or
certificates required to be provided hereunder.

 

11

 

“Indexed
Security” means a Security the terms of which provide that the principal
amount thereof payable at Stated Maturity may be more or less than the
principal face amount thereof at original issuance.

 

“Indirect
Participant” means an entity that, with respect to any Depositary, clears
through or maintains a direct or indirect, custodial relationship with a
Participant.

 

“interest”
means any interest specified in any Security as being payable with respect to
that Security and, with respect to any Original Issue Discount Security which
by its terms bears interest only after Maturity, means interest payable after
Maturity and, when used with respect to a Security which provides for the
payment of Additional Amounts pursuant to Section 10.4, includes such
Additional Amounts.

 

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

 

“Joint
Venture” means any Person that is not a direct or indirect Subsidiary of
the Company in which the Company or any of its Subsidiaries owns any Capital
Stock.

 

“Judgment
Currency” has the meaning specified in Section 1.16.

 

“Legal
Holiday” has the meaning specified in Section 1.14.

 

“Maturity”
means, with respect to any Security, the date on which the principal of such
Security or an installment of principal becomes due and payable as provided in
or pursuant to this Indenture, whether at the Stated Maturity or by declaration
of acceleration, notice of redemption or repurchase, notice of option to elect
repayment or otherwise, and includes the Redemption Date.

 

“New
York Banking Day” has the meaning specified in Section 1.16.

 

“Office”
or “Agency,” means, with respect to any Securities, an office or agency
of the Company maintained or designated in a Place of Payment for such
Securities pursuant to Section 10.2 or any other office or agency of the
Company maintained or designated for such Securities pursuant to Section 10.2
or, to the extent designated or required by Section 10.2 in lieu of such
office or agency, the Corporate Trust Office of the Trustee.

 

“Officer”
means, with respect to any Person, the Chairman of the Board of Directors, a
Vice Chairman, the Chief Executive Officer, the President, any Vice President
(without regard to qualifiers such as “Executive” or “Senior”), the Chief
Operating Officer, the Chief Financial Officer, the Treasurer, an Assistant
Treasurer, the Controller, the Secretary or an Assistant Secretary of such
Person, or other Person authorized by resolution of the Board of Directors of
such Person.

 

12

 

“Officer’s
Certificate” means a certificate signed by an Officer, that, if applicable,
complies with the requirements of Section 314(e) of the Trust
Indenture Act and is delivered to the Trustee.

 

“Opinion
of Counsel” means a written opinion of counsel, who may be an employee of
or counsel for the Company or other counsel that, if applicable, complies with
the requirements of Section 314(e) of the Trust Indenture Act.

 

“Original
Issue Discount Security” means a Security issued pursuant to this Indenture
which provides, at any time prior to the final Stated Maturity of such
Security, for declaration of an amount less than the principal amount thereof to
be due and payable upon acceleration pursuant to Section 5.2.

 

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

 

(1)           any such Security theretofore
cancelled by the Trustee or delivered to the Trustee for cancellation including
Securities tendered and exchanged for other securities of the Company;

 

(2)           any such Security of any series for
which payment at the Maturity thereof money in the necessary amount has been
theretofore deposited pursuant hereto (other than pursuant to Section 4.2)
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 series of 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)           any such Security of any series with
respect to which the Company has effected defeasance or covenant defeasance
pursuant to the terms hereof, except to the extent provided in Section 4.2;

 

(4)           any such Security which has been paid
pursuant to Section 3.6 or in exchange for or in lieu of which other
Securities have been authenticated and delivered pursuant to this Indenture,
unless there shall have been presented to the Trustee proof satisfactory to it
that such Security is held by a “protected purchaser” (as such term is defined
in the New York Uniform Commercial Code) in whose hands such Security is a
valid obligation of the Company; and

 

(5)           any such Security converted or
exchanged as contemplated by this Indenture into Common Stock or other
securities, cash or other property, if the terms of such Security provide for
such conversion or exchange pursuant to Section 3.1;

 

13

 

provided,
however, that in determining whether the Holders of the requisite principal
amount of Outstanding Securities of any series have given any request, demand,
authorization, direction, notice, consent or waiver hereunder or are present at
a meeting of Holders of Securities of such series for quorum purposes, (i) the
principal amount of an Original Issue Discount Security that may be counted in
making such determination and that shall be deemed to be Outstanding for such
purposes shall be equal to the amount of the principal thereof that pursuant to
the terms of such Original Issue Discount Security would be declared (or shall
have been declared to be) due and payable upon a declaration of acceleration
thereof pursuant to Section 5.2 at the time of such determination, and
(ii) the principal amount of any Indexed Security that may be counted in
making such determination and that shall be deemed Outstanding for such purpose
shall be equal to the principal face amount of such Indexed Security at
original issuance, unless otherwise provided in or pursuant to this Indenture,
and (iii) the principal amount of a Security denominated in a Foreign
Currency shall be the Dollar equivalent, determined on the date of original
issuance of such Security, of the principal amount (or, in the case of an
Original Issue Discount Security, the Dollar equivalent on the date of original
issuance of such Security of the amount determined as provided in
(i) above) of such Security, and (iv) Securities owned by the Company
or any other obligor upon the Securities or any Affiliate of the Company or
such other obligor, shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in making
any such determination or relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Securities which a Responsible
Officer actually knows to be so owned shall be so disregarded.  Securities so owned which shall have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes
to the satisfaction of a Responsible Officer (A) the pledgee’s right so to
act with respect to such Securities and (B) that the pledgee is not the
Company or any other obligor upon the Securities or an Affiliate of the Company
or such other obligor.

 

“Participant”
means, with respect to the Depositary, a Person who has an account with the
Depositary.

 

“Paying
Agent” means any Person authorized by the Company to pay the principal of,
or any premium or interest on, or any Additional Amounts with respect to, any
Security on behalf of the Company.

 

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

 

“Place
of Payment” means, with respect to any Security, the place or places where
the principal of, or any premium or interest on, or any Additional Amounts with
respect to such Security are payable as provided in or pursuant to this
Indenture or such Security.

 

14

 

“Predecessor
Security” of any particular Security means every previous Security
evidencing all or a portion of the same indebtedness as that evidenced by such
particular Security; and, for the purposes of this definition, any Security
authenticated and delivered under Section 3.6 in exchange for or in lieu
of a lost, destroyed, mutilated or stolen Security shall be deemed to evidence
the same indebtedness as the lost, destroyed, mutilated or stolen Security.

 

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

 

“Redemption
Price” means, with respect to any Security or portion thereof to be
redeemed, the price at which it is to be redeemed including, if applicable,
accrued and unpaid interest and Additional Amounts as determined by or pursuant
to this Indenture or such Security.

 

“Registered
Security” means any Security established pursuant to Section 2.1 which
is registered in the Security Register.

 

“Regular
Record Date” for the interest payable on any Registered Security on any
Interest Payment Date therefor means the date, if any, specified in or pursuant
to this Indenture or such Security as the “Regular Record Date.”

 

“Required
Currency” has the meaning specified in Section 1.16.

 

“Responsible
Officer” means any officer of the Trustee in its Corporate Trust Office
with direct responsibility for the administration of this Indenture, and also,
with respect to a particular corporate trust matter, any other officer of the
Trustee to whom such matter is referred because of such officer’s knowledge of
and familiarity with the particular subject.

 

“Security”
or “Securities” means any note or notes, bond or bonds, debenture or
debentures, or any other evidences of indebtedness, as the case may be,
authenticated and delivered under this Indenture; provided, however, that, if
at any time there is more than one Person acting as Trustee under this
Indenture, “Securities,” with respect to any such Person, shall mean Securities
authenticated and delivered under this Indenture, exclusive, however, of
Securities of any series as to which such Person is not Trustee.

 

“Security
Register,” “Security Registrar” and “Registrar” have the
respective meanings specified in Section 3.5.

 

“series”
means a series of Securities established under this Indenture.

 

“Special
Record Date” for the payment of any Defaulted Interest on any Registered
Security means a date fixed by the Trustee pursuant to Section 3.7.

 

15

 

“Stated
Maturity” means, with respect to any Security or any installment of
principal thereof or interest thereon or any Additional Amounts with respect
thereto, the date established by or pursuant to this Indenture or such Security
as the fixed date on which the principal of such Security or such installment
of principal or interest is, or such Additional Amounts are, due and payable.

 

“Subsidiary”
means, with respect to any specified Person:

 

(1)           any corporation, association or other
business entity (other than a partnership or limited liability company) of
which more than 50% of the total voting power of Voting Stock is at the time
owned or controlled, directly or indirectly, by that Person or one or more of
the other Subsidiaries of that Person (or a combination thereof); and

 

(2)           any partnership (whether general or
limited) or limited liability company (a) the sole general partner or
member of which is such Person or a Subsidiary of such Person, or (b) if
there is more than a single general partner or member, either (x) the only
managing general partners or managing members of which are such Person or one
or more Subsidiaries of such Person (or any combination thereof) or
(y) such Person owns or controls, directly or indirectly, a majority of
the outstanding general partner interests, member interests or other Voting
Stock of such partnership or limited liability company, respectively.

 

“Trust
Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as
amended, and any reference herein to the Trust Indenture Act or a particular
provision thereof shall mean such Act or provision, as the case may be, as
amended or replaced from time to time or as supplemented from time to time by rules or
regulations adopted by the Commission under or in furtherance of the purposes
of such Act or provision, as the case may be.

 

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

 

“United
States” means, except as otherwise provided in or pursuant to this
Indenture or any Security, the United States of America (including the states
thereof and the District of Columbia), its territories and possessions and
other areas subject to its jurisdiction.

 

“United
States Alien” means, except as otherwise provided in or pursuant to this
Indenture or any Security, any Person who, for United States federal income tax
purposes, is a foreign corporation, a non-resident alien individual, a
non-resident alien 

 

16

 

fiduciary
of a foreign estate or trust, or a foreign partnership one or more of the
members of which is, for United States federal income tax purposes, a foreign
corporation, a non-resident alien individual or a non-resident alien fiduciary
of a foreign estate or trust.

 

“U.S.
Depositary” or “Depositary” means, with respect to any Security
issuable or issued in the form of one or more Global Securities, the Person
designated as U.S. Depositary or Depositary by the Company in or pursuant to
this Indenture, which Person must be, to the extent required by applicable law
or regulation, a clearing agency registered under the Exchange Act and, if so
provided with respect to any Security, any successor to such Person.  If at any time there is more than one such
Person, “U.S. Depositary” or “Depositary” shall mean, with respect to any
Securities, the qualifying entity which has been appointed with respect to such
Securities.

 

“Vice
President” means, when used with respect to the Company or the Trustee, 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 as of any date means the Capital Stock of such Person
that is at the time entitled (without regard to the occurrence of any
contingency) to vote in the election of the Board of Directors of such Person.

 

Section 1.2            Compliance Certificates and
Opinions

 

Except
as otherwise expressly provided in or pursuant to this Indenture, upon any
application or request by the Company to the Trustee to take any action under
any provision of this Indenture, the Company shall furnish to the Trustee an
Officer’s Certificate stating that all conditions precedent, if any, provided
for in this Indenture relating to the proposed action have been complied with
and an Opinion of Counsel stating that, in the opinion of such counsel, all
such conditions precedent, if any, have been complied with, except that in the
case of any such application or request as to which the furnishing of such
documents or any of them is specifically required by any provision of this
Indenture relating to such particular application or request, no additional
certificate or opinion need be furnished.

 

Every
certificate or opinion with respect to compliance with a condition or covenant
or covenant provided for in this Indenture (other than a certificate delivered
pursuant to Section 10.6) shall include:

 

(1)           a statement that each individual
signing such certificate or opinion has read such condition or covenant 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;

 

17

 

(3)           a statement that, in the opinion of
each such individual, he or she has made such examination or investigation as
is necessary to enable him or her to express an informed opinion as to whether
or not such condition or covenant 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 1.3             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 an Opinion of Counsel, unless such Officer knows
that the opinion with respect to the matters upon which his certificate or
opinion is based are erroneous.  Any such
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 that the
certificate or opinion or representations with respect to such matters are
erroneous.  Any certificate, statement or
opinion of an Officer of the Company or any Opinion of Counsel may be based,
insofar as it relates to accounting matters, upon a certificate or opinion of
or representations by an accountant or firm of accountants in the employ of the
Company, unless such Officer or counsel, as the case may be, knows that the
certificate or opinion or representations with respect to the accounting
matters upon which his certificate, statement or opinion may be based as
aforesaid are erroneous.

 

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 or any Security, they may, but need not, be consolidated
and form one instrument.

 

Section 1.4             Acts of Holders

 

(1)           Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by or pursuant to
this Indenture to be given or taken by Holders may be embodied in and evidenced
by one or more instruments (including instruments in electronic, digital or
other machine-readable form) of substantially similar tenor signed by such
Holders (whether in person or through signatures in electronic, digital or
other machine-readable form) or by an agent duly appointed in writing
(including 

 

18

 

writings
in electronic, digital or other machine-readable form) or may be embodied in
and evidenced by the record of Holders voting in favor thereof, either in
person or by proxies duly appointed in writing, at any meeting of Holders duly
called and held in accordance with the provisions of Article 15, or a
combination of such instruments or record. 
Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments or record or both are delivered
to the Trustee and, where it is hereby expressly required, to the Company.  Such instrument or instruments or record or
both (and the action embodied therein and evidenced thereby) are herein
sometimes referred to as the “Act” of the Holders signing such
instrument or instruments or so voting at any such meeting.  Proof of execution of any such instrument or
of a writing appointing any such agent, or of the holding by any Person of a
Security, shall be sufficient for any purpose of this Indenture and (subject to
Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee
and the Company and any agent of the Trustee or the Company, if made in the
manner provided in this Section 1.4. 
The record of any meeting of Holders of Securities shall be proved in
the manner provided in Section 15.6.

 

Without
limiting the generality of this Section 1.4, unless otherwise provided in
or pursuant to this Indenture, a Holder, including a U.S. Depositary that is a
Holder of a Global Security, may make, give or take, by a proxy or proxies,
duly appointed in writing, any request, demand, authorization, direction,
notice, consent, waiver or other Act provided in or pursuant to this Indenture
or the Securities to be made, given or taken by Holders, and a U.S. Depositary
that is a Holder of a Global Security may provide its proxy or proxies to the
beneficial owners of interests in any such Global Security through such U.S.
Depositary’s standing instructions and customary practices.

 

The
Trustee may fix a record date for the purpose of determining the Persons who
are beneficial owners of interests in any permanent Global Security held by a
U.S. Depositary entitled under the procedures of such U.S. Depositary to make,
give or take, by a proxy or proxies duly appointed in writing, any request,
demand, authorization, direction, notice, consent, waiver or other Act provided
in or pursuant to this Indenture to be made, given or taken by Holders.

 

(2)           The fact and date of the execution by
any Person of any such instrument or writing referred to in this Section 1.4
may be proved in any reasonable manner which the Trustee deems sufficient and
in accordance with such reasonable rules as the Trustee may determine; and
the Trustee may in any instance require further proof with respect to any of
the matters referred to in this Section 1.4.

 

(3)           The ownership, principal amount and
serial numbers of Registered Securities held by any Person, and the date of the
commencement and the date of the termination of holding the same, shall be
proved by the Security Register.

 

(4)           If the Company shall solicit from the
Holders of any Registered Securities any request, demand, authorization,
direction, notice, consent, waiver or other 

 

19

 

Act,
the Company may at its option (but is not obligated to), by Board Resolution,
fix in advance a record date for the determination of Holders of Registered
Securities entitled to give such request, demand, authorization, direction,
notice, consent, waiver or other Act.  If
such a record date is fixed, such request, demand, authorization, direction,
notice, consent, waiver or other Act may be given before or after such record
date, but only the Holders of Registered Securities of record at the close of
business on such record date shall be deemed to be Holders for the purpose of
determining whether Holders of the requisite proportion of Outstanding
Securities have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other Act, and for that
purpose the Outstanding Securities shall be computed as of such record date;
provided that no such authorization, agreement or consent by the Holders of
Registered Securities shall be deemed effective unless it shall become
effective pursuant to the provisions of this Indenture not later than six months
after the record date.

 

(5)           Any request, demand, authorization,
direction, notice, consent, waiver or other Act by 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 or suffered to be done
by the Trustee, any Security Registrar, any Paying Agent or the Company in
reliance thereon, whether or not notation of such Act is made upon such
Security.

 

Section 1.5             Notices, etc., to Trustee
and Company

 

Any
request, demand, authorization, direction, notice, consent, waiver or other 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 the
Company shall be sufficient for every purpose hereunder if made, given,
furnished or filed in writing (which may be via facsimile) to or with the
Trustee at its Corporate Trust Office, or

 

(2)           the Company by the Trustee or any
Holder shall be sufficient for every purpose hereunder (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid or
airmail postage prepaid if sent from outside the United States, to the Company
addressed to the attention of its Treasurer (with a copy to the General
Counsel) at the address of its principal office specified in the first
paragraph of this instrument or at any other address previously furnished in
writing to the Trustee by the Company.

 

Section 1.6             Notice to Holders of Securities;
Waiver

 

Except
as otherwise expressly provided in or pursuant to this Indenture, where this
Indenture provides for notice to Holders of Securities of all or any series of
any event, such notice shall be sufficiently given to Holders of Registered
Securities of such series if in writing and mailed, first-class postage
prepaid, to each Holder of a 

 

20

 

Registered
Security affected by such event, at his address as it appears in the Security
Register, not later than the latest date, and not earlier than the earliest
date, prescribed for the giving of such notice. 
In any case where notice to Holders of Registered Securities is given by
mail, neither the failure to mail such notice, nor any defect in any notice so
mailed, to any particular Holder of a Registered Security shall affect the
sufficiency of such notice with respect to other Holders of Registered
Securities given as provided herein.  Any
notice which is mailed in the manner herein provided shall be conclusively
presumed to have been duly given or provided. 
In the 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.

 

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 of Securities
shall be filed with the Trustee, but such filing shall not be a condition
precedent to the validity of any action taken in reliance upon such waiver.

 

Section 1.7             Language of Notices

 

Any
request, demand, authorization, direction, notice, consent, election or waiver
required or permitted under this Indenture shall be in the English language,
except that, if the Company so elects, any published notice may be in an
official language of the country of publication (with a copy in English to be
provided to the Trustee).

 

Section 1.8                                      Incorporation
by Reference of Trust Indenture Act; Trust Indenture Act Controls

 

(a)           If any provision hereof limits,
qualifies or conflicts with the duties that would be imposed by any of
Sections 310 to 317 of the Trust Indenture Act through operation of Section 318(c) thereof
on any person, such imposed duties shall control.  The following Trust Indenture Act terms have
the following meanings:

 

“indenture
securities” means the Securities;

 

“indenture
security holder” means a Holder;

 

“indenture
to be qualified” means this Indenture;

 

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

 

“obligor”
on the indenture securities means the Company and any other obligor on the
indenture securities.

 

21

 

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

 

(b)           If any provision of this Indenture
limits, qualifies or conflicts with another provision which is required to be
included in this Indenture by the Trust Indenture Act, the provision required
by the Trust Indenture Act shall control.

 

Section 1.9             Effect of Headings and Table of
Contents

 

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

 

Section 1.10           Successors and Assigns

 

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

 

Section 1.11           Separability Clause

 

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

 

Section 1.12           Benefits of Indenture

 

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

 

Section 1.13           Governing Law; Waiver of Trial by
Jury

 

This
Indenture and the Securities shall be governed by and construed in accordance
with the laws of the State of New York applicable to agreements made or
instruments entered into and, in each case, performed in said state.  Each of the Company and the Trustee hereby
irrevocably waives, to the fullest extent permitted by applicable law, any and
all right to trial by jury in any legal proceeding arising out of or relating
to this Indenture, the Securities or the transactions contemplated hereby.

 

Section 1.14           Legal Holidays

 

Unless
otherwise specified in or pursuant to this Indenture or any Securities, in any
case where any Interest Payment Date, Stated Maturity or Maturity of any
Security, or the last date on which a Holder has the right to convert or
exchange Securities of a series that are convertible or exchangeable shall not
be a Business Day (a “Legal 

 

22

 

Holiday”) at any Place
of Payment, then (notwithstanding any other provision of this Indenture or any
Security other than a provision in any Security that specifically states that
such provision shall apply in lieu hereof) payment need not be made at such
Place of Payment on such date, and such Securities need not be converted or
exchanged on such date but such payment may be made, and such Securities may be
converted or exchanged, on the next succeeding day that is a Business Day at
such Place of Payment with the same force and effect as if made on the Interest
Payment Date or at the Stated Maturity or Maturity or on such last day for
conversion or exchange, and no interest shall accrue on the amount payable on
such date or at such time for the period from and after such Interest Payment
Date, Stated Maturity, Maturity or last day for conversion or exchange, as the
case may be, to the next succeeding Business Day.  If this Indenture provides for a time period
that ends or requires performance of any non-payment obligation by a day that
is not a Business Day, then such time period shall instead be deemed to end on,
and such obligation shall instead be performed by, the next succeeding Business
Day.

 

Section 1.15           Counterparts

 

This
Indenture may be executed in several counterparts, each of which shall be an
original and all of which shall constitute but one and the same instrument.

 

Section 1.16           Judgment Currency

 

The
Company agrees, to the fullest extent that it may effectively do so under
applicable law, that (a) if for the purpose of obtaining judgment in any
court it is necessary to convert the sum due in respect of the principal of, or
premium or interest, if any, or Additional Amounts on the Securities of any
series (the “Required Currency”) into a currency in which a judgment
will be rendered (the “Judgment Currency”), the rate of exchange used
shall be the rate at which in accordance with normal banking procedures the
Trustee could purchase in The City of New York the requisite amount of the
Required Currency with the Judgment Currency on the New York Banking Day
preceding the day on which a final unappealable judgment is given and
(b) its obligations under this Indenture to make payments in the Required
Currency (i) shall not be discharged or satisfied by any tender, or any
recovery pursuant to any judgment (whether or not entered in accordance with
clause (a)), in any currency other than the Required Currency, except to the
extent that such tender or recovery shall result in the actual receipt, by the
payee, of the full amount of the Required Currency expressed to be payable in
respect of such payments, (ii) shall be enforceable as an alternative or
additional cause of action for the purpose of recovering in the Required
Currency the amount, if any, by which such actual receipt shall fall short of
the full amount of the Required Currency so expressed to be payable and
(iii) shall not be affected by judgment being obtained for any other sum
due under this Indenture.  For purposes
of the foregoing, “New York Banking Day” means any day except a
Saturday, Sunday or a Legal Holiday in The City of New York or a day on which
banking institutions in The City of New York are authorized or obligated by
law, regulation or executive order to be closed.

 

23

 

Section 1.17           Limitation on Individual Liability

 

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

 

ARTICLE 2

 

SECURITIES FORMS

 

Section 2.1             Forms Generally

 

Each
Registered Security and temporary or permanent Global Security or Definitive
Security issued pursuant to this Indenture shall be in the form established by
or pursuant to a Board Resolution and set forth in an Officer’s Certificate, or
established in one or more indentures supplemental hereto, shall have such
appropriate insertions, omissions, substitutions and other variations as are
required or permitted by or pursuant to this Indenture or any indenture
supplemental hereto and may have such letters, numbers or other marks of
identification and such legends or endorsements placed thereon as may,
consistently herewith, be determined by the Officers executing such Security as
evidenced by their execution of such Security.

 

Unless
otherwise provided in or pursuant to this Indenture or any Securities, the
Securities shall be issuable in registered form without coupons and shall not
be issuable upon the exercise of warrants.

 

24

 

Definitive
Securities shall be printed, lithographed or engraved or produced by any
combination of these methods on a steel engraved border or steel engraved
borders or may be produced in any other manner, all as determined by the
Officers of the Company executing such Securities, as evidenced by their
execution of such Securities.

 

Section 2.2             Form of Trustee’s
Certificate of Authentication

 

Subject
to Section 6.12, the Trustee’s certificate 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
  Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
  Dated:

  

 

Section 2.3             Securities in Global Form

 

Unless
otherwise provided in or pursuant to this Indenture or any Securities, the
Securities shall be issuable in permanent global form.  If Securities of a series shall be issuable
in global form, any such Security may provide that it or any number of such
Securities shall represent the aggregate amount of all Outstanding Securities
of such series (or such lesser amount as is permitted by the terms thereof)
from time to time endorsed thereon and may also provide that the aggregate
amount of Outstanding Securities represented thereby may from time to time be
increased or reduced to reflect exchanges, redemptions or transfer of
beneficial interests from one Global Security to another Global Security.  Any endorsement of any Global Security to reflect
the amount, or any increase or decrease in the amount, or changes in the rights
of Holders, of Outstanding Securities represented thereby shall be made in such
manner and by such Person or Persons as shall be specified therein or in the
Company Order to be delivered pursuant to Section 3.3 or Section 3.4
with respect thereto.  Subject to the
provisions of Section 3.3 and, if applicable, Section 3.4, the
Trustee shall deliver and redeliver any Security in permanent global form in
the manner and upon instructions given by the Person or Persons specified
therein or in the applicable Company Order. 
If a Company Order pursuant to Section 3.3 or Section 3.4 has
been, or simultaneously is, delivered, any instructions by the Company with
respect to a Global Security shall be in writing but need not be accompanied by
or contained in an Officer’s Certificate and need not be accompanied by an
Opinion of Counsel.

 

25

 

Notwithstanding
the provisions of Section 3.7, unless otherwise specified in or pursuant
to this Indenture or any Securities, payment of principal of, any premium and
interest on, and any Additional Amounts in respect of, any Security in
temporary or permanent global form shall be made to the Person or Persons
specified therein.

 

Notwithstanding
the provisions of Section 3.8 and except as provided in the preceding
paragraph, the Company, the Trustee and any agent of the Company or the Trustee
shall treat as the Holder of such principal amount of Outstanding Securities as
is represented by a Global Security in the case of a Global Security in
registered form, the Holder of such Global Security in registered form.

 

Each
Global Security shall bear a legend in substantially the following form (unless
otherwise specified by the Depositary):

 

“THIS
DEBT 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 DEBT SECURITY MAY NOT
BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE
NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH
TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.  EVERY DEBT SECURITY
AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE
FOR OR IN LIEU OF, THIS DEBT SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.”

 

ARTICLE 3

 

THE SECURITIES

 

Section 3.1             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.  With respect to any Securities to be
authenticated and delivered hereunder, there shall be established in or
pursuant to a Board Resolution and set forth in an Officer’s Certificate, or
established in one or more indentures supplemental hereto,

 

(1)           the title of such Securities and the
series, including CUSIP numbers in which such Securities shall be included;

 

(2)           any limit upon the aggregate
principal amount of the Securities of such series which may be authenticated
and delivered under this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of,
other Securities of such series pursuant to Section 3.4, Section 3.5,

 

26

 

Section 3.6,
Section 9.6 or Section 11.7, upon repayment in part of any Registered
Security of such series pursuant to Article 13 or upon surrender in part
of any Registered Security for conversion or exchange into Common Stock or
other securities, cash or other property pursuant to its terms, or pursuant to
the terms of such Securities and except for any Securities, which, pursuant to
Section 3.3, are deemed never to have been authenticated and delivered
hereunder);

 

(3)           if any of such Securities are to be
issuable in global form, when any of such Securities are to be issuable in global
form and (i) whether such Securities are to be issued in temporary or
permanent global form or both, (ii) whether beneficial owners of interests
in any such Global Security may exchange such interests for Securities of the
same series and of like tenor and of any authorized form and denomination, and
the circumstances under which any such exchanges may occur, if other than in
the manner specified in Section 3.5, and (iii) the name of the
Depositary or the U.S. Depositary, as the case may be, with respect to any
Global Security;

 

(4)           the date as of which any Global
Security shall be dated (if other than the date of original issuance of the
first of such Securities to be issued);

 

(5)           the date or dates, or the method or
methods, if any, by which such date or dates shall be determined, on which the
principal and premium, if any, of such Securities is payable;

 

(6)           the rate or rates at which such
Securities shall bear interest, if any, or the method or methods, if any, by
which such rate or rates are to be determined, the date or dates, if any, from
which such interest shall accrue or the method or methods, if any, by which
such date or dates are to be determined, the Interest Payment Dates, if any, on
which such interest shall be payable and the Regular Record Date, if any, for
the interest payable on Registered Securities on any Interest Payment Date,
whether and under what circumstances Additional Amounts on such Securities or
any of them shall be payable, the notice, if any, to Holders regarding the
determination of interest on a floating rate Security and the manner of giving
such notice, and the basis upon which interest shall be calculated if other
than that of a 360-day year of twelve 30-day months;

 

(7)           if in addition to or other than the
Borough of Manhattan, The City of New York, the place or places where the
principal of, any premium and interest on or any Additional Amounts with
respect to such Securities shall be payable, any of such Securities that are
Registered Securities may be surrendered for registration of transfer or
exchange, any of such Securities may be surrendered for conversion or exchange
and notices or demands to or upon the Company in respect of such Securities and
this Indenture may be served, the extent to which, or the manner in which, any
interest payment or Additional Amounts on a Global Security on an Interest
Payment Date, will be paid and the manner in which any principal of or premium,
if any, on any Global Security will be paid;

 

27

 

(8)           whether any of such Securities are to
be redeemable at the option of the Company and, if so, the date or dates on
which, the period or periods within which, the price or prices at which and the
other terms and conditions upon which such Securities may be redeemed, in whole
or in part, at the option of the Company;

 

(9)           whether the Company is obligated to
redeem or purchase any of such Securities pursuant to any sinking fund or
analogous provision or at the option of any Holder thereof and, if so, the date
or dates on which, the period or periods within which, the price or prices at
which and the other terms and conditions upon which such Securities shall be
redeemed or purchased, in whole or in part, pursuant to such obligation, and
any provisions for the remarketing of such Securities so redeemed or purchased;

 

(10)         the denominations in which any of such
Securities that are Registered Securities shall be issuable if other than
denominations of $1,000 and any multiple of $1,000 in excess thereof;

 

(11)         whether the Securities of the series
will be convertible into shares of Common Stock and/or exchangeable for other
securities, cash or other property of the Company or of any other Person, and
if so, the terms and conditions upon which such Securities will be so
convertible or exchangeable, and any deletions from or modifications or
additions to this Indenture to permit or to facilitate the issuance of such
convertible or exchangeable Securities or the administration thereof;

 

(12)         if other than the principal amount
thereof, the portion of the principal amount of any of such Securities that
shall be payable upon declaration of acceleration of the Maturity thereof
pursuant to Section 5.2 or the method by which such portion is to be
determined;

 

(13)         if other than Dollars, the Foreign
Currency in which payment of the principal of, any premium or interest on or
any Additional Amounts with respect to any of such Securities shall be payable;

 

(14)         if the principal of, any premium or
interest on or any Additional Amounts with respect to any of such Securities
are to be payable, at the election of the Company or a Holder thereof or
otherwise, in Currency other than that in which such Securities are stated to
be payable, the date or dates on which, the period or periods within which, and
the other terms and conditions upon which, such election may be made, and the
time and manner of determining the exchange rate between the Currency in which
such Securities are stated to be payable and the Currency in which such Securities
or any of them are to be paid pursuant to such election, and any deletions from
or modifications of or additions to the terms of this Indenture to provide for
or to facilitate the issuance of Securities denominated or payable, at the
election of the Company or a Holder thereof or otherwise, in a Foreign
Currency;

 

28

 

(15)         whether the amount of payments of
principal of, any premium or interest on or any Additional Amounts with respect
to such Securities may be determined with reference to an index, formula,
financial or economic measure or other method or methods (which index, formula,
measure or method or methods may be based, without limitation, on one or more
Currencies, commodities, equity indices or other indices), and, if so, the
terms and conditions upon which and the manner in which such amounts shall be
determined and paid or be payable;

 

(16)         any deletions from, modifications of or
additions to the Events of Default or covenants of the Company with respect to
any of such Securities, whether or not such Events of Default or covenants are
consistent with the Events of Default or covenants set forth herein;

 

(17)         whether either or both of Section
4.2(2) relating to defeasance or Section 4.2(3) relating to covenant defeasance
shall not be applicable to the Securities of such series, and any covenants
relating to the Securities of such series which shall be subject to covenant
defeasance, and, if the Securities of such series are subject to repurchase or
repayment at the option of the Holders thereof, whether the Company’s
obligation to repurchase or repay such Securities will be subject to defeasance
or covenant defeasance, and any deletions from, or modifications or additions
to, the provisions of Article 4 in respect of the Securities of such
series;

 

(18)         whether any of such Securities are to
be issuable upon the exercise of warrants, and the time, manner and place for
such Securities to be authenticated and delivered;

 

(19)         if there is more than one Trustee or a
Trustee other than
                                                      ,
the identity of the Trustee and, if not the Trustee, the identity of each
Security Registrar, Paying Agent or Authenticating Agent with respect to such
Securities;

 

(20)         whether the Securities are senior or
subordinated debt securities, and if subordinated debt securities, the terms of
such subordination;

 

(21)         whether the Securities of the series
will be guaranteed by any Persons and, if so, the identity of such Persons, the
terms and conditions upon which such Securities shall be guaranteed and, if
applicable, the terms and conditions upon which such guarantees may be
subordinated to other indebtedness of the respective guarantors and may be
released;

 

(22)         whether the Securities of the series
will be secured by any collateral and, if so, the terms and conditions upon
which such Securities shall be secured and, if applicable, upon which such
liens may be subordinated to other liens securing other indebtedness of the
Company or any guarantor and may be released; and

 

29

 

(23)         any other terms of such Securities and
any deletions from or modifications or additions to this Indenture in respect
of such Securities.

 

All
Securities of any one series shall be substantially identical except as to
denomination and except as may otherwise be provided by the Company in or
pursuant to the Board Resolution and set forth in the Officer’s Certificate or
in any indenture or indentures supplemental hereto pertaining to such series of
Securities.  The terms of the Securities
of any series may provide, without limitation, that the Securities of such
series shall be authenticated and delivered by the Trustee on original issue
from time to time in accordance with such procedures as are acceptable to the
Trustee (including authentication and delivery by the Trustee on original issue
from time to time upon telephonic or written order of persons designated in the
Officer’s Certificate or supplemental indenture (telephonic instructions to be
promptly confirmed in writing by such person) and that such persons are authorized
to determine, consistent with such Officer’s Certificate or any applicable
supplemental indenture, such terms and conditions of the Securities of such
series as are specified in such Officer’s Certificate or supplemental
indenture).  All Securities of any one
series need not be issued at the same time and, unless otherwise so provided by
the Company, a series may be reopened for issuances of additional Securities of
such series or to establish additional terms of such series of Securities.  If any of the terms of the Securities of any
series shall be established by action taken by or pursuant to a Board
Resolution, the Board Resolution shall be delivered to the Trustee at or prior
to the delivery of the Officer’s Certificate setting forth the terms of such
series.

 

Section 3.2             Currency; Denominations

 

Unless
otherwise provided in or pursuant to this Indenture or any Security, the
principal of, any premium and interest on and any Additional Amounts with
respect to, the Securities shall be payable in Dollars.  Unless otherwise provided in or pursuant to
this Indenture, Registered Securities denominated in Dollars shall be issuable
in registered form without coupons in denominations of $1,000 or any integral
multiple of $1,000 in excess thereof. 
Securities not denominated in Dollars shall be issuable in such
denominations as are established with respect to such Securities in or pursuant
to this Indenture.

 

Section 3.3             Execution, Authentication,
Delivery and Dating

 

Securities
shall be executed on behalf of the Company by any Officer of the Company.  The signature of any such Officer on the
Securities may be manual or facsimile.

 

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.

 

30

 

At
any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities, executed by the Company, to the
Trustee for authentication and, provided that the Board Resolution and Officer’s
Certificate or supplemental indenture or indentures with respect to such
Securities referred to in Section 3.1 and a Company Order for the
authentication and delivery of such Securities have been delivered to the
Trustee, the Trustee in accordance with the Company Order and subject to the
provisions hereof and of such Securities shall authenticate and deliver such
Securities.  In authenticating such
Securities, and accepting the additional responsibilities under this Indenture
in relation to such Securities, the Trustee shall be provided with, and
(subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be
fully protected in relying upon an Opinion of Counsel and an Officer’s
Certificate that contain the statements required by Section 1.2.

 

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 3.1 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 or Company Order 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.  This paragraph shall not
be applicable to Securities of a series that are issued as part of a reopening
pursuant to the last paragraph of Section 3.1.

 

Each
Registered 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 in Section 2.2 or
Section 6.12 executed by or on behalf of the Trustee or by the Authenticating
Agent by the manual signature of one of its authorized signatories.  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 Company, and the Company shall
deliver such Security to the Trustee for cancellation as provided in
Section 3.9, 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.

 

31

 

Section 3.4             Temporary Securities

 

Pending
the preparation of Definitive Securities, the Company may execute and deliver
to the Trustee and, upon Company Order, the Trustee shall authenticate and
deliver, in the manner provided in Section 3.3, temporary Securities in
lieu thereof 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, in registered form
and with such appropriate insertions, omissions, substitutions and other
variations as the Officers of the Company executing such Securities may
determine, as conclusively evidenced by their execution of such
Securities.  Such temporary Securities
may be in the form of Global Securities.

 

Except
in the case of temporary Global Securities, which shall be exchanged in
accordance with the provisions thereof, if temporary Securities are issued, the
Company shall cause Definitive Securities to be prepared without unreasonable
delay.  After the preparation of
Definitive Securities of the same series and containing terms and provisions
that are identical to those of any temporary Securities, such temporary
Securities shall be exchangeable for such Definitive Securities upon surrender
of such temporary Securities at an Office or Agency for such Securities,
without charge to any Holder thereof. 
Upon surrender for cancellation of any one or more temporary Securities,
the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor a like principal amount of Definitive Securities of
authorized denominations of the same series and containing identical terms and
provisions.  Unless otherwise provided in
or pursuant to this Indenture with respect to a temporary Global Security,
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.

 

Section 3.5             Registration, Transfer and Exchange

 

With
respect to the Registered Securities of each series, if any, the Company shall
cause to be kept a register (each such register being herein sometimes referred
to as the “Security Register”) at an Office or Agency for such series in
which, subject to such reasonable regulations as it may prescribe, the Company
shall provide for the registration of the Registered Securities of such series
and of transfers of the Registered Securities of such series.

 

Such
Office or Agency shall be the “Security Registrar” or “Registrar”
for that series of Securities.  Unless
otherwise specified in or pursuant to this Indenture or the Securities, the
Trustee shall be the initial Security Registrar for each series of Securities.  The Company shall have the right to remove
and replace from time to time the Security Registrar for any series of
Securities; provided that no such removal or replacement shall be effective
until a successor Security Registrar with respect to such series of Securities
shall have been appointed by the Company and shall have accepted such
appointment by the Company.  In the event
that the Trustee shall not be or shall cease to 

 

32

 

be
Security Registrar with respect to a series of Securities, it shall have the
right to examine the Security Register for such series at all reasonable
times.  There shall be only one Security
Register for each series of Securities.

 

A
Global Security may not be transferred as a whole except by the Depositary to a
nominee of the Depositary, by a nominee of the Depositary to the Depositary or
to another nominee of the Depositary, or by the Depositary or any such nominee
to a successor Depositary or a nominee of such successor Depositary.  Notwithstanding the foregoing, except as may
be provided pursuant to Section 3.1, any Global Security or any beneficial
interest therein shall be exchangeable for Definitive Securities only if
(i) the Depositary is at any time unwilling, unable or ineligible to
continue as Depositary and a successor Depositary is not appointed by the
Company within 90 days of the date the Company is so informed in writing,
(ii) the Depositary ceases to be a clearing agency registered under the
Exchange Act, (iii) the Company (subject to the Applicable Procedures)
executes and delivers to the Trustee a Company Order to the effect that such
Global Security shall be so exchangeable or (iv) an Event of Default has
occurred and is continuing with respect to such Securities.  If the holder of a Global Security or the
beneficial owners of interests in a Global Security are entitled to exchange
such interests for Definitive Securities as the result of an event specified in
clause (i), (ii), (iii) or (iv) of the preceding sentence, the
Company shall promptly make available to the Trustee Definitive Securities in
such form and denominations as are required by or pursuant to this Indenture,
and of the same series, containing identical terms and in aggregate principal
amount equal to the principal amount of such Global Security, executed by the
Company.  Such Global Security shall be
surrendered from time to time by the U.S. Depositary or such other Depositary
as shall be specified in the Company Order with respect thereto, and in accordance
with instructions given to the Trustee and the U.S. Depositary or such other
Depositary, as the case may be (which instructions shall be in writing but need
not be contained in or accompanied by an Officer’s Certificate or be
accompanied by an Opinion of Counsel), as shall be specified in the Company
Order with respect thereto to the Trustee, as the Company’s agent for such
purpose, to be exchanged, in whole or in part, for Definitive Securities as
described above without charge.  The
Trustee shall authenticate and make available for delivery, in exchange for
each portion of such surrendered Global Security, a like aggregate principal
amount of Definitive Securities of the same series of authorized denominations
and of like tenor as the portion of such Global Security to be exchanged; provided,
however, that no such exchanges may occur during a period beginning at the
opening of business 15 days before any selection of Securities of the same
series to be redeemed and ending on the relevant Redemption Date.  Promptly following any such exchange in part,
such Global Security shall be returned by the Trustee to such Depositary or the
U.S. Depositary, as the case may be, or such other Depositary or U.S.
Depositary referred to above in accordance with the instructions of the Company
referred to above.  If a Registered
portion of a Global Security is exchanged for Definitive Registered Securities
after the close of business at the Office or Agency for such Security where
such exchange occurs on or after (i) any Regular Record Date for such
Security and before the opening of business at such Office or Agency on the
next Interest Payment 

 

33

 

Date,
or (ii) any Special Record Date for such Security and before the opening
of business at such Office or Agency on the related proposed date for payment
of interest or Defaulted Interest, as the case may be, interest shall not be
payable on such Interest Payment Date or proposed date for payment, as the case
may be, in respect of such Definitive Registered Security, but shall be payable
on such Interest Payment Date or proposed date for payment, as the case may be,
only to the Person to whom interest in respect of such portion of such Global
Security shall be payable in accordance with the provisions of this Indenture.

 

The
transfer and exchange of beneficial interests in the Global Securities shall be
effected through the Depositary, in accordance with the provisions of this
Indenture and the Applicable Procedures. 
Transfers and exchanges of beneficial interests in the Global Securities
also shall require compliance with either subparagraph (1) or
(2) below, as applicable, as well as one or more of the other following
paragraphs, as applicable:

 

(1)           Beneficial interests in any Global
Security may be transferred to Persons who take delivery thereof in the form of
a beneficial interest in the same Global Security.  No written orders or instructions shall be
required to be delivered to the Registrar to effect the transfers described in
this subparagraph (1).

 

(2)           In connection with the transfer or
exchange of beneficial interests in any Global Security to Persons who take
delivery thereof in the form of a beneficial interest in a different Global
Security, the transferor of such beneficial interest must deliver to the
Registrar (i) an order from a Participant or an Indirect Participant given to
the Depositary in accordance with the Applicable Procedures directing the
Depositary to credit or cause to be credited a beneficial interest in another
Global Security in an amount equal to the beneficial interest to be transferred
or exchanged and (ii) instructions given in accordance with the Applicable
Procedures containing information regarding the Participant account to be
credited with such increase.  Upon
satisfaction of all of the requirements for transfer or exchange of beneficial
interests in Global Securities contained in this Indenture and such Securities
or otherwise applicable under the Securities Act, the Trustee shall adjust the
principal amount of the relevant Global Security(s) pursuant to this paragraph.

 

If
any Holder of a beneficial interest in a Global Security proposes to exchange
such beneficial interest for a Definitive Security or to transfer such
beneficial interest to a Person who takes delivery thereof in the form of a
Definitive Security in the event of the occurrence of any of the conditions set
forth in the third paragraph of this Section 3.5, then, upon delivery to the
Registrar of (i) an order from a Participant or an Indirect Participant given
to the Depositary in accordance with the Applicable Procedures directing the
Depositary to cause to be issued a Definitive Security in an amount equal to
the beneficial interest to be transferred or exchanged and
(ii) instructions given by the Depositary to the Registrar containing
information regarding the Person in whose name such Definitive Security shall
be registered to effect the transfer or exchange referred to in clause (i), the
Trustee shall cause the aggregate principal amount of the applicable 

 

34

 

Global
Security to be reduced accordingly as described below, and the Company shall
execute and, upon receipt of a Company Order pursuant to Section 3.3, the
Trustee shall authenticate and deliver to the Person designated in the
instructions a Definitive Security in the appropriate principal amount.  Any Definitive Security issued in exchange
for a beneficial interest pursuant to this paragraph shall be registered in such
name or names and in such authorized denomination or denominations as the
Holder of such beneficial interest shall instruct the Registrar through
instructions from the Depositary and the Participant or Indirect
Participant.  The Trustee shall deliver
such Definitive Securities to the Persons in whose names such Securities are so
registered.

 

A
Holder of a Definitive Security may exchange such Security for a beneficial
interest in a Global Security or transfer such Definitive Securities to a
Person who takes delivery thereof in the form of a beneficial interest in a
Global Security at any time.  Upon
receipt of a request for such an exchange or transfer, the Trustee shall cancel
the applicable Definitive Security and increase or cause to be increased the aggregate
principal amount of the applicable Global Security.

 

At
the option of the Holder, Definitive Securities of any series may be exchanged
for other Definitive Securities of the same series, of any authorized
denominations and of like tenor and aggregate principal amount, upon surrender
of the Definitive Securities to be exchanged at an Office or Agency.  Whenever any Definitive Securities are so
surrendered for exchange, the Company shall execute, and the Trustee shall
authenticate and deliver, the Definitive Securities which the Holder making the
exchange is entitled to receive.

 

Upon
request by a Holder of Definitive Securities and such Holder’s compliance with
the provisions of this paragraph, the Registrar shall register the transfer or
exchange of Definitive Securities.  Prior
to such registration of transfer or exchange, the requesting Holder shall
present or surrender to the Registrar the Definitive Securities duly endorsed
or accompanied by a written instruction of transfer in form satisfactory to the
Registrar duly executed by such Holder or by its attorney, duly authorized in
writing.  A Holder of Definitive
Securities may transfer such Securities to a Person who takes delivery thereof
in the form of a Definitive Security. 
Upon receipt of a request to register such a transfer, the Registrar
shall register the Definitive Securities pursuant to the instructions from the
Holder thereof.

 

At
such time as all beneficial interests in a particular Global Security have been
exchanged for Definitive Securities or a particular Global Security has been
redeemed, repurchased or cancelled in whole and not in part, each such Global
Security shall be returned to or retained and cancelled by the Trustee in
accordance with Section 3.9.  At any
time prior to such cancellation, if any beneficial interest in a Global
Security is exchanged for or transferred to a Person who will take delivery
thereof in the form of a beneficial interest in another Global Security or for
Definitive Securities, the principal amount of Securities represented by such
Global Security shall be reduced accordingly and an endorsement shall be made
on such Global Security by the Trustee or by the 

 

35

 

Depositary
at the direction of the Trustee to reflect such reduction; and if the beneficial
interest is being exchanged for or transferred to a Person who will take
delivery thereof in the form of a beneficial interest in another Global
Security, the principal amount of Securities represented by such other Global
Security shall be increased accordingly and an endorsement shall be made on
such Global Security by the Trustee or by the Depositary at the direction of
the Trustee to reflect such increase.

 

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

 

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

 

No
service charge shall be made for any registration of transfer or exchange, or
redemption of Securities, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge and any other expenses
(including fees and expenses of the Trustee) that may be imposed in connection
with any registration of transfer or exchange of Securities, other than
exchanges pursuant to Sections 3.4, 3.6, 9.6 and 11.7 not involving any
transfer.

 

Except
as otherwise provided in or pursuant to this Indenture, the Company shall not
be required (i) to issue, register the transfer of or exchange any
Securities during a period beginning at the opening of business 15 days
before the day of selection of Securities of like tenor and the same series
under Section 11.3 for redemption and ending at the close of business on
the day of such selection, (ii) to register the transfer of or exchange
any Registered Security so selected for redemption in whole or in part, except
in the case of any Security to be redeemed in part, the portion thereof not to
be redeemed, or (iii) to issue, register the transfer of or exchange any
Security which, in accordance with its terms, has been surrendered for
repayment or purchase at the option of the Holder, except the portion, if any,
of such Security not to be so repaid.

 

The
Registrar shall retain copies of all certificates, notices and other written
communications received pursuant to this Section 3.5.  The Company shall have the right to inspect
and make copies of all such certificates, notices or other written communications
at any reasonable time upon the giving of reasonable written notice to the
Registrar.

 

All
certifications and certificates required to be submitted to the Registrar
pursuant to this Section 3.5 to effect a registration of transfer or exchange
may be submitted by facsimile, with an original of such document to be sent
promptly thereafter.

 

36

 

Section 3.6             Mutilated, Destroyed, Lost and
Stolen Securities

 

If
any mutilated Security is surrendered to the Trustee, subject to the provisions
of this Section 3.6, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a new Security of the same series
containing identical terms and of like principal amount and bearing a number
not contemporaneously outstanding.

 

If
there be delivered to the Company and to 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 to a Responsible Officer that such Security has been acquired
by a “protected purchaser” (as such term is defined in the New York Uniform
Commercial Code), the Company shall execute and, upon the Company’s request the
Trustee shall authenticate and deliver, in exchange for or in lieu of any such
destroyed, lost or stolen Security, a new Security of the same series
containing identical terms and of like principal amount and bearing a number
not contemporaneously outstanding.

 

Notwithstanding
the foregoing provisions of this Section 3.6, in case any 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 3.6, 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 issued pursuant to this Section 3.6 in lieu of any destroyed, lost
or stolen Security shall constitute a separate 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 such
series duly issued hereunder.

 

The
provisions of this Section 3.6, as amended or supplemented pursuant to this
Indenture with respect to particular Securities or generally, shall be
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.

 

37

 

Section 3.7                                      Payment of
Interest and Certain Additional Amounts; Rights to Interest and Certain
Additional Amounts Preserved

 

Unless
otherwise provided in or pursuant to this Indenture, any interest on and any
Additional Amounts with respect to, any Registered Security which shall be
payable, and are punctually paid or duly provided for, on any Interest Payment
Date shall be paid to the Person in whose name such Security (or one or more
Predecessor Securities) is registered as of the close of business on the
Regular Record Date for such interest.

 

Unless
otherwise provided in or pursuant to this Indenture, any interest on and any
Additional Amounts with respect to, any Registered Security which shall be
payable, but shall not be punctually paid or duly provided for, on any Interest
Payment Date for such Registered Security (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the Holder thereof 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 Person in whose name such Registered Security
(or a Predecessor Security thereof) shall be 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 such Registered Security and the date
of the proposed payment, and at the same time the Company shall deposit with
the Trustee an amount of money equal to the aggregate amount proposed to be
paid in respect of such Defaulted Interest or shall make arrangements
satisfactory to the Trustee for such deposit on or prior to the date of the
proposed payment, such money when so deposited to be held in trust for the
benefit of the Person 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 mailed, first-class postage prepaid, to the Holder of such
Registered Security (or a Predecessor Security thereof) at his address as it
appears in the Security Register not less than 10 days prior to such
Special Record Date.  The Trustee may, in
its discretion, in the name and at the expense of the Company, cause a similar
notice to be published at least once in an Authorized Newspaper of general
circulation in the Borough of Manhattan, The City of New York, but such
publication shall not be a condition precedent to the establishment of such
Special Record Date.  Notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor having
been mailed as aforesaid, such Defaulted Interest shall be paid to the Person
in whose name such Registered Security (or a Predecessor Security thereof)
shall be registered at the close of business on such Special Record Date and
shall no longer be payable pursuant to the following clause (2).

 

38

 

(2)           The Company may make payment of any
Defaulted Interest in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Security 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 payment shall be deemed practicable by the Trustee.

 

Unless
otherwise provided in or pursuant to this Indenture or the Securities of any
particular series pursuant to the provisions of this Indenture, at the option
of the Company, interest on Registered Securities that bear interest may be
paid by wire transfer in immediately available funds if the Holder of the
Registered Security has provided to the Company and the Trustee wire
instructions at least five Business Days prior to the applicable payment date
or by check mailed to the address of that Holder as it appears on the books of
the Securities Registrar if that Holder has not provided wire instructions; provided
that any payment of principal (or premium, if any) in respect of any Security
will be made only upon presentation and surrender of such Security at the
applicable Office or Agency.

 

Subject
to the foregoing provisions of this Section 3.7 and Section 3.5, 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.

 

In
the case of any Registered Security of any series that is convertible, which
Registered Security is converted after any Regular Record Date and on or prior
to the immediately succeeding Interest Payment Date (other than any Registered
Security with respect to which the Maturity is prior to such Interest Payment
Date), interest 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 Registered Security (or one or more predecessor Registered 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 Registered Security which is
converted, interest with respect to which the Stated Maturity is after the date
of conversion of such Registered Security shall not be payable.

 

Section 3.8             Persons
Deemed Owners

 

Prior
to due presentment of a Registered 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 Registered Security is registered in the Security
Register as the owner of such Registered Security for the purpose of receiving
payment of principal of, any premium and (subject to Section 3.5 and Section 3.7)
interest on and any Additional Amounts with respect to, such Registered
Security and for all other purposes whatsoever, whether or not any payment with
respect to such Registered Security shall be overdue, and none of the Company,
the Trustee or any agent of the Company or the Trustee shall be affected by
notice to the contrary.

 

39

 

No
holder of any beneficial interest in any Global Security held on its behalf by
a Depositary shall have any rights under this Indenture with respect to such
Global Security, and such Depositary may be treated by the Company, the Trustee
and any agent of the Company or the Trustee as the owner of such Global
Security for all purposes whatsoever. 
None of the Company, the Trustee, any Paying Agent or the Security
Registrar 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 Global Security or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests.

 

Section 3.9             Cancellation

 

All
Securities surrendered for payment, redemption, registration of transfer,
exchange or conversion or for credit against any sinking fund payment shall, if
surrendered to any Person other than the Trustee, be delivered to the Trustee,
and any such Securities, as well as Securities surrendered directly to the
Trustee for any such purpose, shall be cancelled promptly by the Trustee.  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 all
Securities so delivered shall be cancelled promptly by the Trustee.  No Securities shall be authenticated in lieu
of or in exchange for any Securities cancelled as provided in this Section 3.9,
except as expressly permitted by or pursuant to this Indenture.  All cancelled Securities held by the Trustee
shall be disposed of by the Trustee in accordance with its customary
procedures.

 

Section 3.10           Computation
of Interest

 

Except
as otherwise provided in or pursuant to this Indenture, or in any Security,
interest on the Securities shall be computed on the basis of a 360-day year of
twelve 30-day months.

 

Section 3.11           CUSIP
and ISIN Numbers

 

The
Company in issuing the Securities may use “CUSIP” and “ISIN” numbers (if then
generally in use), and, if so, the Trustee shall use CUSIP and ISIN numbers in
notices of redemption as a convenience to Holders; provided that any such
notice may state that no representation is made as to the correctness of such
numbers either as printed on the Securities or as contained in any notice of a
redemption and that reliance may be placed only on the other identification
numbers printed on the Securities, and any such redemption shall not be
affected by any defect in or omission of such numbers.  The Company will promptly notify the Trustee
of any change in the CUSIP and ISIN numbers.

 

40

 

ARTICLE 4

 

SATISFACTION AND DISCHARGE OF
INDENTURE

 

Section 4.1             Satisfaction
and Discharge

 

Upon
the direction of the Company by a Company Order, this Indenture shall cease to
be of further effect with respect to any series of Securities specified in such
Company Order and the Trustee, on receipt of a Company Order, at the expense of
the Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture as to such series, when

 

(1)           either

 

(a)           all Securities of such series
theretofore authenticated and delivered have been delivered to the Trustee for
cancellation (other than (i) Securities of such series which have been
destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.6
and (ii) Securities of such series the payment of money for which 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 10.3); or

 

(b)           all Securities of such series 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)          if redeemable at the option of the
Company, 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 such
purpose, (x) money in an amount or (y) Government Obligations that
through the payment of interest and principal in respect thereof in accordance
with their terms will provide, not later than one day before the due date of
any payment, in the opinion of a nationally recognized Independent Registered
Public Accounting Firm expressed in a written certification thereof delivered
to the Trustee, money in the amount, or (z) a combination of (x) and
(y) in an amount in the Currency in which such series of Securities are
payable sufficient to pay and discharge the entire indebtedness on such
Securities not theretofore delivered to the Trustee for cancellation, including
the principal of, any premium and interest on, and any Additional Amounts with
respect to such Securities then determinable, to the date of such deposit (in
the case of Securities which have become due and payable) or to the Maturity
thereof, as the case may be;

 

41

 

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

 

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

 

In
the event there are Securities of two or more series hereunder, the Trustee
shall be required to execute an instrument acknowledging satisfaction and
discharge of this Indenture only if requested to do so with respect to
Securities of such series as to which it is Trustee and if the other conditions
thereto are met.

 

Notwithstanding
the satisfaction and discharge of this Indenture with respect to any series of
Securities, the obligations of the Company to the Trustee under
Section 6.7, the obligations of the Trustee under Section 4.3, if
money, Government Obligations or a combination thereof shall have been
deposited with the Trustee pursuant to subclause (b) of clause (1) of
this Section 4.1, the obligations of the Company and the Trustee with
respect to the Securities of such series under Section 3.4, Section 3.5,
Section 3.6, Section 10.2 and Section 10.3, and the obligations
of the Company with respect to the payment of Additional Amounts, if any, with
respect to such Securities as contemplated by Section 10.4 (but only to
the extent that the Additional Amounts payable with respect to such Securities
exceed the amount deposited in respect of such Additional Amounts pursuant to
Section 4.1(1)(b)), and with respect to any rights to convert or exchange
such Securities into Common Stock or other securities, cash or other property
shall survive such satisfaction and discharge.

 

Section 4.2             Defeasance
and Covenant Defeasance

 

(1)           Unless pursuant to Section 3.1,
either or both of (i) defeasance of the Securities of a series under
clause (2) of this Section 4.2 shall not be applicable with respect
to the Securities of such series or (ii) covenant defeasance of the
Securities of a series under clause (3) of this Section 4.2 shall not
be applicable with respect to the Securities of such series, then such
provisions, together with the other provisions of this Section 4.2 (with
such modifications thereto as may be specified pursuant to Section 3.1
with respect to any Securities), shall be applicable to such Securities, and
the Company may at its option by Board Resolution, at any time, with respect to
such Securities, elect to have Section 4.2(2) or Section 4.2(3) be
applied to such Outstanding Securities upon compliance with the conditions set
forth below in this Section 4.2.

 

(2)           Upon the Company’s exercise of the
above option applicable to this Section 4.2(2) with respect to any
Securities of or within a series, the Company shall be deemed to have been
discharged from its obligations with respect to such Outstanding 

 

42

 

Securities
on the date the conditions set forth in clause (4) of this Section 4.2
are satisfied (hereinafter, “defeasance”).  For this purpose, such defeasance means that
the Company shall be deemed to have paid and discharged the entire indebtedness
represented by such Outstanding Securities, which shall thereafter be deemed to
be “Outstanding” only for the purposes of the Sections of this Indenture
referred to in clauses (i) and (ii) below, and to have satisfied all
of 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), except for the
following which shall survive until otherwise terminated or discharged
hereunder:  (i) the rights of
Holders of such Outstanding Securities to receive, solely from the trust fund
described in clause (4) of this Section 4.2 and as more fully set
forth in such Section, payments in respect of the principal of (and premium, if
any) and interest, if any, on, and Additional Amounts, if any, with respect to,
such Securities when such payments are due, and any rights of such Holder to
convert or exchange such Securities into Common Stock or other securities, cash
or other property, (ii) the obligations of the Company and the Trustee
with respect to such Securities under Section 3.4, Section 3.5, Section 3.6,
Section 10.2 and Section 10.3 and the obligations of the Company with
respect to the payment of Additional Amounts, if any, on such Securities as
contemplated by Section 10.4 (but only to the extent that the Additional
Amounts payable with respect to such Securities exceed the amount deposited in
respect of such Additional Amounts pursuant to Section 4.2(4)(a) below),
and with respect to any rights to convert or exchange such Securities into
Common Stock or other securities, cash or other property, (iii) the
rights, powers, trusts, duties and immunities of the Trustee hereunder and
(iv) this Section 4.2.  The
Company may exercise its option under this Section 4.2(2) notwithstanding
the prior exercise of its option under clause (3) of this Section 4.2
with respect to such Securities.

 

(3)           Upon the Company’s exercise of the
above option applicable to this Section 4.2(3) with respect to any
Securities of or within a series, (i) the Company shall be released from
its obligations to comply with any term, provision or condition under
Section 8.1 with respect to such Securities (and, to the extent specified
pursuant to Section 3.1, any other restrictive covenant added for the
benefit of such Securities) and (ii) unless otherwise specified pursuant
to Section 3.1, the occurrence of any event specified in Section 5.1(7) shall
not be deemed to be an Event of Default, in each case on and after the date the
conditions set forth in clause (4) of this Section 4.2 are satisfied
(hereinafter, “covenant defeasance”), and such Securities shall
thereafter be deemed to be not “Outstanding” for the purposes of any direction,
waiver, consent or declaration or Act of Holders (and the consequences of any
thereof) in connection with any such covenant, but shall continue to be deemed “Outstanding”
for all other purposes hereunder.  For
this purpose, such covenant defeasance means that, with respect to such
Outstanding 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 covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any covenant or by reason of reference in any such covenant
to any other provision herein or in any other document and such omission to
comply shall not constitute a default or an 

 

43

 

Event
of Default under Section 5.1(4), Section 5.1(7) or otherwise, as
the case may be, insofar as it relates to Section 8.1 and, to the extent
specified pursuant to Section 3.1, any other restrictive covenant added
for the benefit of such Security, but, except as specified above, the remainder
of this Indenture and such Securities shall be unaffected thereby; provided
that the obligations of the Company with respect to the payment of Additional
Amounts, if any, on such Securities as contemplated by Section 10.4 shall
remain unsatisfied only to the extent that the Additional Amounts payable with
respect to such Securities exceed the amount deposited in respect of such
Additional Amounts pursuant to Section 4.2(4)(a) below; provided, further, that notwithstanding a
covenant defeasance with respect to Section 8.1, any Person to whom a
sale, assignment, transfer, lease, conveyance or other disposition is made
pursuant to Section 8.1, shall as a condition to such sale, assignment,
transfer, lease, conveyance or other disposition, assume by an indenture
supplemental hereto in form satisfactory to the Trustee, executed by such
successor Person and delivered to the Trustee, the obligations of the Company
to the Trustee under Section 6.7 and the second to the last paragraph of Section 4.2.

 

(4)           The following shall be the conditions
to the application of clause (2) or (3) of this Section 4.2 to
any Outstanding Securities of a series:

 

(a)           The Company shall irrevocably have
deposited or caused to be deposited with the Trustee (or another trustee
satisfying the requirements of Section 6.8 who shall agree to comply with
the provisions of this Section 4.2 applicable to it) as trust funds in
trust for the purpose of making the following payments, specifically pledged as
security for, and dedicated solely to, the benefit of the Holders of such
Securities, (1) an amount in Dollars or in such Foreign Currency in which
such Securities are then specified as payable at Stated Maturity, or
(2) Government Obligations applicable to such Securities (determined on
the basis of the Currency in which such Securities are then specified as
payable at Stated Maturity) 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 of principal of (and
premium, if any) and interest, if any, on such Securities, money in an amount,
or (3) a combination thereof, in any case, in an amount, sufficient,
without consideration of any reinvestment of such principal and interest, in
the opinion of a nationally recognized Independent Registered Public Accounting
Firm expressed in a written certification thereof delivered to the trustee, to
pay and discharge, and which shall be applied by the Trustee (or other
qualifying trustee) to pay and discharge, (y) the principal of (and
premium, if any) and interest or Additional Amounts then determinable, if any,
on such Outstanding Securities at the Maturity of such principal or installment
of principal or interest, provided that the Company shall specify whether such
Outstanding Securities are being defeased to Stated Maturity or to the
Redemption Date and (z) any mandatory sinking fund payments or analogous
payments applicable to such Outstanding Securities on the day on which such
payments are due and payable in accordance with the terms of this Indenture and
of such Securities.

 

44

 

(b)           Such defeasance or covenant
defeasance shall not result in a breach or violation of, or constitute a
default under, this Indenture or any other material agreement or instrument to
which the Company is a party or by which it is bound.

 

(c)           No Event of Default or event which
with notice or lapse of time or both would become an Event of Default with
respect to such Securities shall have occurred and be continuing on the date of
such deposit (other than an Event of Default resulting from non-compliance with
any covenant from which the Company is released upon effectiveness of such
defeasance or covenant defeasance, as applicable).

 

(d)           In the case of an election under
clause (2) of this Section 4.2, the Company shall have delivered to
the Trustee an Opinion of Counsel stating that:

 

(i)            the Company has received from the
Internal Revenue Service a letter ruling, or there has been published by the
Internal Revenue Service a Revenue Ruling, or

 

(ii)           since the date of execution of this
Indenture, there has been a change in the applicable federal income tax law,

 

in
either case to the effect that, and based thereon such opinion shall confirm
that, subject to customary assumptions and exclusions, the Holders of such Outstanding
Securities will not recognize income, gain or loss for federal income tax
purposes as a result of such defeasance and will be subject to federal income
tax on the same amounts, in the same manner and at the same times as would have
been the case if such defeasance had not occurred.

 

(e)           In the case of an election under
clause (3) of this Section 4.2, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that, subject to customary
assumptions and exclusions, the Holders of such Outstanding Securities will not
recognize income, gain or loss for federal income tax purposes as a result of
such covenant defeasance and will be subject to federal income tax on the same
amounts, in the same manner and at the same times as would have been the case
if such covenant defeasance had not occurred.

 

(f)            The Company shall have delivered to
the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating
that all conditions precedent to the defeasance or covenant defeasance under
clause (2) or (3) of this Section 4.2 (as the case may be) have
been complied with.

 

(g)           If the Securities are to be redeemed
prior to their Stated Maturity (other than from mandatory sinking fund payments
or analogous payments), notice of such redemption shall have been duly given
pursuant to this Indenture or provision therefor satisfactory to the Trustee
shall have been made.

 

45

 

(h)           Notwithstanding any other provisions
of this Section 4.2(4), such defeasance or covenant defeasance shall be
effected in compliance with any additional or substitute terms, conditions or
limitations which may be imposed on the Company in connection therewith
pursuant to Section 3.1.

 

The
Company shall pay and indemnify the Trustee against any tax, fee or other
charge, imposed on or assessed against the Government Obligations deposited
pursuant to this Section 4.2 or the principal or 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 such Outstanding Securities.

 

Anything
in this Section 4.2 to the contrary notwithstanding, the Trustee shall
deliver or pay to the Company from time to time upon Company Request any money
or Government Obligations (or other property and any proceeds therefrom) held
by it as provided in clause (4) of this Section 4.2 which, in the
opinion of a nationally recognized Independent Registered Public Accounting
Firm 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 a defeasance or covenant defeasance, as applicable, in accordance with
this Section 4.2.

 

Section 4.3             Application
of Trust Money

 

Subject
to the provisions of the last paragraph of Section 10.3, all money and
Government Obligations (including the proceeds thereof) deposited with the
Trustee or other qualifying trustee (solely for purposes of this Section 4.3,
the Trustee and any such other trustee are referred to collectively as the “Trustee”)
pursuant to Section 4.1 or Section 4.2 in respect of any Outstanding
Securities of any series shall be held in trust and applied by the Trustee, 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, premium, if any, interest and Additional
Amounts, if any, for whose payment such money has or Government Obligations
have been deposited with or received by the Trustee; but such money and
Government Obligations need not be segregated from other funds except to the
extent required by law.

 

Section 4.4             Qualifying
Trustee

 

Any
trustee appointed pursuant to Section 4.2 for the purpose of holding trust
funds deposited pursuant to that Section shall be appointed under an
agreement in form acceptable to the Trustee and shall provide to the Trustee a
certificate of such trustee, upon which certificate the Trustee shall be
entitled to conclusively rely, that all conditions precedent provided for
herein to the related defeasance or covenant defeasance have been complied
with.  In no event shall the Trustee be
liable for any acts or omissions of said trustee.

 

46

 

ARTICLE 5

 

REMEDIES

 

Section 5.1             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),
unless such event is specifically deleted or modified in or pursuant to the
supplemental indenture, Board Resolution or Officer’s Certificate establishing
the terms of such series pursuant to this Indenture:

 

(1)           default for 30 days in the payment
when due of any interest on or any Additional Amount in respect of any Security
of such series;

 

(2)           default in the payment of the
principal of or any premium on any Security of such series when the principal
or premium becomes due and payable at Maturity;

 

(3)           default in the deposit of any sinking
fund payment when and as due by the terms of any Security of such series,
subject to any cure period specified in any Security of such series;

 

(4)           failure on the part of the Company
duly to observe or perform any other of the covenants or agreements (other than
those described in clause (1), (2) or (3) above) on the part of the
Company with respect to that series contained in such Securities or otherwise
established with respect to that series of Securities pursuant to Section 3.1
hereof or contained in this Indenture (other than a covenant or agreement which
has been expressly included in this Indenture solely for the benefit of one or
more series of Securities other than such series) and such failure shall
continue for a period of 60 days after the date on which written notice of
such failure, requiring the same to be remedied and stating that such notice is
a “Notice of Default” shall have been given to the Company by the Trustee, upon
direction of Holders of at least 25% in principal amount of the Outstanding
Securities of that series; provided, however, that if such failure is not
capable of cure within such 60-day period, such 60-day period shall be
automatically extended by an additional 60 days so long as (i) such
failure is subject to cure, and (ii) the Company is using commercially
reasonable efforts to cure such failure; and provided, further, that a failure
to comply with any such other agreement in the indenture that results from a change
in GAAP shall not be deemed to be an Event of Default;

 

(5)           a decree or order by a court having
jurisdiction in the premises shall have been entered adjudging the Company
bankrupt or insolvent, or approving as properly filed a petition seeking
liquidation or reorganization of the Company under any 

 

47

 

applicable
bankruptcy, insolvency, reorganization or other similar law, and such decree or
order shall have continued unvacated and unstayed for a period of 90 days;
an involuntary case shall be commenced under any applicable bankruptcy,
insolvency, reorganization or other similar law in respect of the Company and
shall continue undismissed for a period of 90 days or an order for relief
in such case shall have been entered and such order shall have remained in
force unvacated and unstayed for a period of 90 days; or a decree or order
of a court having jurisdiction in the premises shall have been entered for the
appointment on the ground of insolvency or bankruptcy of a receiver, custodian,
liquidator, trustee or assignee in bankruptcy or insolvency of the Company or
of its property, or for the winding up or liquidation of its affairs, and such
decree or order shall have remained in force unvacated and unstayed for a period
of 90 days;

 

(6)           the Company shall institute
proceedings to be adjudicated a voluntary bankrupt, shall consent to the filing
of a bankruptcy proceeding against it, shall file a petition or answer or
consent seeking liquidation or reorganization under any applicable bankruptcy,
insolvency, reorganization or other similar law, shall consent to the filing of
any such petition or shall consent to the appointment on the ground of
insolvency or bankruptcy of a receiver or custodian or liquidator or trustee or
assignee in bankruptcy or insolvency of it or of its property, or shall make a
general assignment for the benefit of creditors; or

 

(7)           any other Event of Default provided
in or pursuant to the Indenture with respect to Securities of the series,
provided that any such Event of Default that results from a change in GAAP
shall not be deemed to be an Event of Default.

 

Section 5.2             Acceleration
of Maturity; Rescission and Annulment

 

If
an Event of Default specified in clause (5) or (6) of the definition
thereof above occurs, the principal of all Securities shall automatically
become due and payable without further action or notice, anything contained in
this Indenture or the Securities of each series or established with respect to
each series pursuant to Section 3.1 to the contrary notwithstanding.  If (a) upon the occurrence and
continuance of an Event of Default specified in clause (1) or (2) of
the definition thereof, the Company and the Trustee receive notice in writing
that Holders of not less than 25%, or (b) upon the occurrence and
continuance of any other Event of Default other than an Event of Default
specified in clause (1), (2), (5) and (6) of the definition thereof,
the Company and the Trustee receive notice in writing that Holders of not less
than a majority in aggregate principal amount of the Outstanding Notes of that
series have declared the principal of all Securities of that series to be due
and payable immediately, then upon any such declaration the same shall become
and shall be immediately due and payable, anything contained in this Indenture
or in the Securities of that series or established with respect to that series
to the contrary notwithstanding.

 

48

 

At
any time after a declaration of acceleration or automatic acceleration with
respect to the 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
hereafter in this Article 5 provided, the Holders of not less than a
majority in principal amount of the Outstanding Securities of such series, by
written notice to the Company and the Trustee, may rescind and annul the
declaration or automatic acceleration and its consequences if:

 

(1)           the Company has paid or deposited
with the Trustee a sum of money sufficient to pay (A) all overdue
installments of interest on all Securities of such series and any Additional
Amounts payable with respect thereto, (B) the principal of and any premium
on any Securities of the series which have become due otherwise than by the
declaration of acceleration or automatic acceleration and interest thereon and
any Additional Amounts with respect thereto at the rate or rates borne by or
provided in such Securities, (C) 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 such series, other than the non-payment of the principal of, any
premium and interest on, and any Additional Amounts with respect to, Securities
of such series which shall have become due solely by the acceleration, shall
have been cured or waived as provided in Section 5.3.

 

Section 5.3             Collection
of Indebtedness and Suits for Enforcement by Trustee

 

The
Company covenants that if:

 

(1)           default is made in the payment of any
installment of interest on any Security, or any Additional Amounts payable with
respect thereto, when such interest or Additional Amounts shall have become due
and payable and such default continues for any cure period specified with
respect to such Security;

 

(2)           default is made in the payment of any
principal of or premium, if any, on, or any Additional Amounts payable in
respect of any principal of or premium, if any, on any Security at its
Maturity; or

 

(3)           default is made in the deposit of any
sinking fund payment, when and as due by the terms of any Security and such
default continues for any cure period specified with respect to such Security;

 

the
Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit
of the Holders of such Securities, the whole amount of money then due and
payable with respect to such Securities, with interest upon the overdue
principal, any premium and, to the extent that payment of such interest shall
be legally enforceable, upon any overdue installments of interest and
Additional Amounts at the rate or rates borne by or provided for in such
Securities, and, in addition thereto, such further amount of money as shall be
sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel and all other amounts due to the Trustee under
Section 6.7.

 

49

 

If
the Company fails to pay the money it is required to pay the Trustee pursuant
to the preceding paragraph forthwith upon the demand of the Trustee, the
Trustee, in its own name and as trustee of an express trust, may institute a
judicial proceeding for the collection of the money so due and unpaid, and may
prosecute such proceeding to judgment or final decree, and may enforce the same
against the Company or any other obligor upon such Securities and collect the
monies adjudged or decreed to be payable in the manner provided by law out of
the property of the Company or any other obligor upon such Securities, wherever
situated.

 

If
an Event of Default with respect to the Securities of any series occurs and is
continuing, the Trustee may, and if (A) an Event of Default specified in
clause (1), (2), (5) or (6) of the definition thereof occurs and is
continuing, and Holders of not less than 25%, or (B) an Event of Default
other than an Event of Default specified in clause (1), (2), (5) or
(6) of the definition thereof occurs and is continuing, and Holders of not
less than a majority, in aggregate principal amount of the Outstanding
Securities of such series direct, so long as such Holders shall have provided
the Trustee with such indemnity as it shall require and subject to the
provisions of Section 5.12, the Trustee shall, proceed to protect and
enforce its rights and the rights of the Holders of Securities of such series
by such appropriate judicial proceedings to protect and enforce any such
rights, whether for the specific enforcement of any covenant or agreement in
this Indenture or such Securities or in aid of the exercise of any power
granted herein or therein, or to enforce any other proper remedy.

 

Section 5.4             Trustee
May File Proofs of Claim

 

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

 

(1)           to file and prove a claim for the
whole amount, or such lesser amount as may be provided for in the Securities of
such series, of the principal and any premium, interest and Additional Amounts
owing and unpaid in respect of the Securities and to file such other papers or
documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents or counsel) and of the
Holders of Securities allowed in such judicial proceeding, and

 

50

 

(2)           to collect and receive any monies 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 of Securities 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 of Securities, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel and any other amounts due the Trustee under
Section 6.7.

 

Nothing
herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder of a Security 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 of a Security in any such proceeding.

 

Section 5.5             Trustee
May Enforce Claims without Possession of Securities

 

All
rights of action and claims under this Indenture or any of 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 or judgment, after provision
for the payment of the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, shall be for the ratable
benefit of each and every Holder of a Security in respect of which such
judgment has been recovered.

 

Section 5.6             Application
of Money Collected

 

Any
money collected by the Trustee pursuant to this Article 5 with respect to
Securities of any series 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, interest or Additional Amounts, upon
presentation of such 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
and any predecessor Trustee under Section 6.7;

 

SECOND:  To the payment of the amounts then due and
unpaid upon such Securities for principal and any premium, interest and
Additional Amounts 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 aggregate amounts due and payable on such Securities for
principal and any premium, interest and Additional Amounts, respectively;

 

51

 

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

 

Section 5.7             Limitations
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 such series;

 

(2)           (a) in the case of an Event of
Default specified in clause (1), (2), (5) and (6) of the definition
thereof, Holders of not less than 25%, or (b) in the case of an Event of
Default other than as specified in clause (1), (2), (5) and (6) of
the definition thereof, Holders of not less than a majority, in aggregate
principal amount of the Outstanding Securities of such series shall have made
written request to the Trustee to institute proceedings in respect of such
Event of Default in its own name as Trustee hereunder;

 

(3)           such Holder or Holders have offered
to the Trustee indemnity satisfactory to it 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 such
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 or any Security to affect, disturb or prejudice the rights of
any other such Holders or Holders of Securities of any other series, or to
obtain or to seek to obtain priority or preference over any other Holders or to
enforce any right under this Indenture, except in the manner herein provided
and for the equal and ratable benefit of all such Holders.

 

Section 5.8                                      Unconditional
Right of Holders to Receive Principal and any Premium, Interest and
Additional Amounts

 

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 

 

52

 

the
principal of, any premium and (subject to Section 3.5 and Section 3.7)
interest on, and any Additional Amounts with respect to, such Security, on the
respective Stated Maturity or Maturities therefor specified in such Security
(or, in the case of redemption, on the Redemption Date or, in the case of
repayment at the option of such Holder if provided in or pursuant to this
Indenture, on the date such repayment is due) and to institute suit for the
enforcement of any such payment, and such right shall not be impaired without
the consent of such Holder.

 

Section 5.9             Restoration
of Rights and Remedies

 

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

 

Section 5.10           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 3.6,
no right or remedy herein conferred upon or reserved to the Trustee or to each
and every Holder of a Security is intended to be exclusive of any other right
or remedy, and every right and remedy, to the extent permitted by law, shall be
cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or
remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent
the concurrent assertion or employment of any other appropriate right or
remedy.

 

Section 5.11           Delay
or Omission Not Waiver

 

No
delay or omission of the Trustee or of any Holder of any Security 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 5 or by law to the Trustee or to any Holder
of a Security may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by such Holder, as the case may be.

 

Section 5.12           Control
by Holders of Securities

 

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:

 

53

 

(1)           such direction shall not be in
conflict with any rule of law or with this Indenture or with the
Securities of any series and would not involve the Trustee in personal
liability,

 

(2)           the Trustee may take any other action
deemed proper by the Trustee which is not inconsistent with such direction, and

 

(3)           such direction is not unduly
prejudicial to the rights of the other Holders of Securities of such series not
joining in such action.

 

Section 5.13           Waiver
of Past or Existing Defaults

 

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

 

(1)           in the payment of the principal of,
any premium or interest on, or any Additional Amounts with respect to, any
Security of such series, or

 

(2)           in respect of a covenant or provision
hereof which under Article 9 hereof 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 or Event of 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 5.14           Waiver
of Stay or Extension Laws

 

The
Company covenants that (to the extent that it may lawfully do so) it will not
at any time insist upon, or plead, or in any manner whatsoever claim or take
the benefit or advantage of, any stay or extension law wherever enacted, now or
at any time hereafter in force, which may affect the covenants or the
performance of this Indenture; and the Company expressly waives (to the extent
that it may lawfully do so) 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.

 

Section 5.15           Undertaking
for Costs

 

All
parties to this Indenture agree, and each Holder of any Security by his or her
acceptance thereof shall be deemed to have agreed, that any court may in its
discretion require, in any suit for the enforcement of any right or remedy
under this Indenture, or in any suit against the Trustee for any action taken
or omitted by it as Trustee, the filing 

 

54

 

by
any party litigant in such suit of any undertaking to pay the costs of such
suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees and expenses, against any party litigant
in such suit having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this
Section 5.15 shall not apply to any suit instituted by the Trustee, to any
suit instituted by any Holder, or group of Holders, holding in the aggregate
more than 10% in principal amount of Outstanding Securities of any series, or
to any suit instituted by any Holder for the enforcement of the payment of the
principal of (or premium, if any) or interest, if any, on or Additional
Amounts, if any, with respect to any Security on or after the respective Stated
Maturities expressed in such Security (or, in the case of redemption, on or
after the Redemption Date, and, in the case of repayment, on or after the date
for repayment) or for the enforcement of the right, if any, to convert or
exchange any Security into Common Stock or other securities, cash or other
property in accordance with its terms.

 

ARTICLE 6

 

THE TRUSTEE

 

Section 6.1             Certain
Duties and Responsibilities

 

The
duties and responsibilities of the Trustee shall be as provided by the Trust
Indenture Act.  Except during the
continuance of an Event of Default with respect to the Securities of a series
of which a Responsible Officer has actual knowledge, the Trustee undertakes to
perform such duties and only such duties as are specifically set forth in this
Indenture with respect to such Securities, and no implied covenants or
obligations shall be read into this Indenture with respect to such Securities
against the Trustee.  In case an Event of
Default of which a Responsible Officer has actual knowledge with respect to the
Securities of a series has occurred (which has not been cured or waived), the
Trustee shall exercise the rights and powers vested in it by this Indenture,
and use the same degree of care and skill in their exercise, with respect to
such Securities, as a prudent person would exercise or use under the
circumstances in the conduct of such person’s own affairs.  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.  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 6.1.

 

Section 6.2             Certain
Rights of Trustee

 

Subject
to the provisions of Section 6.1:

 

(1)           the Trustee may conclusively rely and
shall be fully protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, coupon, other
evidence of indebtedness or other paper or document (whether in its original or
facsimile form) believed by it to be genuine and to have been signed or
presented by the proper party or parties;

 

55

 

(2)           any request or direction of the
Company mentioned herein shall be sufficiently evidenced by a Company Request
or a Company Order (in each case, other than delivery of any Security to the
Trustee for authentication and delivery pursuant to Section 3.3 which
shall be sufficiently evidenced as provided therein) and any resolution of the
Board of Directors of the Company may 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 shall be herein specifically prescribed) may, in
the absence of bad faith on its part, request and conclusively rely upon an
Officer’s Certificate;

 

(4)           the Trustee may consult with counsel
of its selection and the advice of such counsel or any Opinion of Counsel shall
be full and complete authorization and protection in respect of any action
taken, 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 or pursuant
to this Indenture or to institute, conduct or defend any litigation hereunder
or in relation hereto at the request or direction of any of the Holders of
Securities of any series pursuant to this Indenture, unless such Holders shall
have offered to the Trustee security or indemnity reasonably satisfactory to it
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, coupon, note, other evidence of
indebtedness or other paper or document, but the Trustee, in its discretion,
may but shall not be obligated to 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, during business hours and upon reasonable notice, the books, records
and premises of the Company, personally or by agent or attorney at the expense
of the Company and shall incur no liability or additional liability of any kind
by reason of such inquiry or investigation;

 

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

 

56

 

(8)           the Trustee shall not be liable in
its individual capacity for any action taken or suffered to be taken, unless it
shall be proved that the Trustee was negligent, acted in bad faith or engaged
in willful misconduct;

 

(9)           the Authenticating Agent, Paying
Agent, and Security Registrar shall have the same protections as the Trustee
set forth hereunder;

 

(10)         the Trustee shall not be liable in its
individual capacity with respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with this Indenture, and, to the extent
not so provided herein, with respect to any act requiring the Trustee to
exercise its own discretion, relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture
or any Securities, unless it shall be proved that, in connection with any such
action taken, suffered or omitted or any such act, the Trustee was negligent,
acted in bad faith or engaged in willful misconduct;

 

(11)         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;

 

(12)         the Trustee shall not be charged with
knowledge or required to take notice of any default or Event of Default with
respect to the Securities unless either (A) a Responsible Officer shall
have actual knowledge of such default or Event of Default or (B) written
notice of such default or Event of Default, which references the Securities and
this Indenture, shall have been given to a Responsible Officer by the Company
or other obligor on such Securities or by any Holder of such Securities;

 

(13)         the Trustee shall not be liable in its
individual capacity for any action taken, suffered or omitted by it in good
faith and reasonably believed by it to be authorized or within the discretion
or rights or powers conferred upon it by this Indenture;

 

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

 

(15)         the Trustee may request that the
Company deliver an Officer’s Certificate setting forth the names of individuals
and/or titles of Officers authorized at such time to take specified actions
pursuant to this Indenture, which Officer’s Certificate may be signed by any
person authorized to sign an Officer’s Certificate, including any person
specified as so authorized in any such certificate previously delivered and not
superseded;

 

57

 

(16)         the permissive rights of the Trustee to
take certain actions under or perform any discretionary act enumerated in this
Indenture shall not be construed as a duty unless so specified herein, and the
Trustee shall not be answerable for other than its negligence or willful
misconduct in the performance of such action or act;

 

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

 

(18)         in no event shall the Trustee be liable
for special, indirect or consequential loss or damage of any kind whatsoever
(including but not limited to lost profits) even if the Trustee has been
advised of the likelihood of such loss or damage and regardless of the form of
action; and

 

(19)         in no event shall the Trustee be
responsible or liable for any failure or delay in the performance of its
obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or
natural catastrophes or acts of God, and interruptions, loss or malfunctions of
utilities, communications or computer (software and hardware) services; it
being understood that the Trustee shall use reasonable efforts which are
consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances.

 

Section 6.3             Notice
of Defaults

 

Within
90 days after the occurrence of any default hereunder with respect to the
Securities of any series of which a Responsible Officer has actual knowledge,
the Trustee shall give the Holders of Securities of such series entitled to
receive reports pursuant to Section 7.3, notice of such default hereunder
actually known to a Responsible Officer, unless such default shall have been
cured or waived; provided, however, that, except in the case of a default in
the payment of the principal of (or premium, if any), or interest, if any, on,
or Additional Amounts or any sinking fund or purchase fund installment with
respect to, any Security of such series, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers in good
faith determine that the withholding of such notice is in the best interest of
the Holders of Securities of such series; and provided, further, that in the
case of any default of the character specified in Section 5.1(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.

 

58

 

Section 6.4             Not
Responsible for Recitals or Issuance of Securities

 

The
recitals contained herein and in the Securities, except the Trustee’s
certificate 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, sufficiency or priority of this
Indenture or of the Securities.  Neither
the Trustee nor any Authenticating Agent shall be accountable for the use or
application by the Company of the Securities or the proceeds thereof.  Except with respect to the authentication of
Securities pursuant to Section 3.3, the Trustee shall not be responsible for
the legality or the validity of this Indenture or any Securities issued or to
be issued hereunder.

 

Section 6.5             May Hold
Securities

 

The
Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or
any other Person that may be an agent of the Trustee or the Company, in its
individual or any other capacity, may become the owner or pledgee of Securities
and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may
otherwise deal with the Company with the same rights it would have if it were
not the Trustee, Authenticating Agent, Paying Agent, Security Registrar or such
other Person.

 

Section 6.6             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 in writing with the
Company.

 

Section 6.7             Compensation
and Reimbursement

 

The
Company agrees:

 

(1)           to pay to the Trustee from time to
time such compensation as shall be agreed upon from time to time in writing
between the Company and the Trustee for all services rendered by the Trustee
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 reasonable
expenses, disbursements and advances incurred or made by the Trustee in
accordance with any provision of this Indenture arising out of or in connection
with the acceptance or administration of the trust or trusts hereunder
(including the reasonable compensation and the expenses and disbursements of
its agents and counsel), except any such expense, disbursement or advance as
may be caused by the Trustee’s own negligence or willful misconduct; and

 

59

 

(3)           to fully indemnify each of the
Trustee and any predecessor Trustee and its agents, officers, directors and
employees for, and to hold them harmless against, any loss, liability, damage,
claim or expense (including reasonable legal fees and expenses), including
taxes (other than taxes based on the income of the Trustee), incurred without
negligence or willful misconduct on their part, arising out of or in connection
with the acceptance or administration of the trust or trusts hereunder,
including the reasonable costs and expenses of defending themselves against any
claim or liability (whether asserted by the Company, a Holder of Securities, or
any other Person) in connection with the exercise or performance of any of
their powers or duties hereunder.

 

As
security for the performance of the payment obligations of the Company under
this Section 6.7, the Trustee shall have a lien prior to the Securities of
any series upon all property and funds held or collected by the Trustee as
such, except funds held in trust for the payment of principal of, and premium
or interest on, or any Additional Amounts with respect to, particular
Securities.  Such lien shall survive the
resignation or removal of the Trustee and the satisfaction and discharge of
this Indenture.  Without prejudice to any
other rights available to the Trustee under applicable law, when the Trustee
incurs expenses or renders services after a default or Event of Default
specified in Section 5.1(5) and 5.1(6) hereof occurs, the
expenses and the compensation for the services (including the fees and expense
of its agents and counsel) are intended to constitute expense of administration
under U.S. Code, Title 11 or any other similar foreign, federal or state law
for the relief of debtors.

 

Without
prejudice to any other rights available to the Trustee under applicable law, to
the extent permitted by law any compensation or expense incurred by the Trustee
after a default specified in or pursuant to Section 5.1 is intended to
constitute an expense of administration under any then applicable bankruptcy or
insolvency law.  “Trustee” for
purposes of this Section 6.7 shall include any predecessor Trustee but the
negligence or willful misconduct of any Trustee shall not affect the rights of
any other Trustee under this Section 6.7.

 

Notwithstanding
any other provision of this Indenture to the contrary, in no event shall the
Trustee be liable for special, indirect or consequential damages of any kind
whatsoever (including but not limited to lost profits) even if the Trustee had
been advised of the likelihood of such loss or damage and regardless of the
form of action.

 

The
provisions of this Section 6.7 shall survive the satisfaction and
discharge of this Indenture or the earlier resignation or removal of the
Trustee and shall apply with equal force and effect to the Trustee in its
capacity as Authenticating Agent, Paying Agent or Security Registrar.

 

60

 

Section 6.8             Corporate
Trustee Required; Eligibility; Conflicting Interests

 

There
shall at all times be a Trustee hereunder that is a Corporation or a national
banking association, organized and doing business under the laws of the United
States of America, any state thereof or the District of Columbia, eligible
under Section 310(a)(1) of the Trust Indenture Act to act as trustee
under an indenture qualified under the Trust Indenture Act and that has a
combined capital and surplus (computed in accordance with Section 310(a)(2) of
the Trust Indenture Act) of at least $50,000,000 subject to supervision or
examination by federal or state authority. 
If at any time the Trustee shall cease to be eligible in accordance with
the provisions of this Section 6.8, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article 6.

 

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 6.9             Resignation
and Removal; Appointment of Successor

 

(1)           No resignation or removal of the
Trustee and no appointment of a successor Trustee pursuant to this
Article 6 shall become effective until the acceptance of appointment by
the successor Trustee pursuant to Section 6.10.

 

(2)           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 6.10
shall not have been delivered to the Trustee within 30 days after the
giving of such notice of resignation, the resigning Trustee may petition, at
the expense of the Company, any court of competent jurisdiction for the
appointment of a successor Trustee with respect to such series.

 

(3)           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 the Company. 
If the instrument of acceptance by a successor Trustee required by Section 6.10
shall not have been delivered to the Trustee within 30 days after the
giving of such notice of removal, the Trustee being removed may petition, at
the expense of the Company, any court of competent jurisdiction for the
appointment of a successor Trustee with respect to such series.  The Trustee for one or more series of
Securities may be removed by the Company, so long as no default or Event of
Default has occurred and is continuing with respect to such series.

 

61

 

(4)           If at any time:

 

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

 

(b)           the
Trustee shall cease to be eligible under Section 6.8 and shall fail to
resign after written request therefor by the Company or any such Holder, or

 

(c)           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,

 

(i)                                     the Company, by or pursuant
to a Company Order, may remove the Trustee with respect to all Securities or
the Securities of such series, or

 

(ii)                                  subject to
Section 5.15, any Holder of a Security 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 removal of the Trustee with respect to all Securities of such series and
the appointment of a successor Trustee or Trustees.

 

(5)           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 or pursuant to a Company Order, shall promptly appoint
a successor Trustee or Trustees with respect to the Securities of such 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 6.10.  If, within one year after such resignation, removal
or incapacity, 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 6.10, 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 of Securities and accepted 

 

62

 

appointment
in the manner required by Section 6.10, any Holder of a Security 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.

 

(6)           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 by mailing written notice of such event by first-class
mail, postage prepaid, to the Holders of Registered Securities, if any, of such
series as their names and addresses appear in the Security Register.  Each notice shall include the name of the
successor Trustee with respect to the Securities of such series and the address
of its Corporate Trust Office.

 

(7)           In no event shall any retiring
Trustee be liable for the acts or omissions of any successor Trustee hereunder.

 

Section 6.10           Acceptance
of Appointment by Successor

 

(1)           Upon the appointment hereunder of any
successor Trustee with respect to all Securities, such successor Trustee so
appointed shall execute, acknowledge and deliver to the Company and the
retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such
successor Trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts and duties hereunder of the retiring
Trustee; but, on the request of the Company or such successor Trustee, such
retiring Trustee, upon payment of its charges, shall execute and deliver an
instrument transferring to such successor Trustee all the rights, powers and
trusts of the retiring Trustee and, subject to Section 10.3, shall duly
assign, transfer and deliver to such successor Trustee all property and money
held by such retiring Trustee hereunder, subject nevertheless to its lien, if
any, provided for in Section 6.7.

 

(2)           Upon the appointment hereunder of any
successor Trustee with respect to the Securities of one or more (but not all)
series, the Company, the retiring Trustee and such successor Trustee shall
execute and deliver an indenture supplemental hereto wherein each successor
Trustee shall accept such appointment and which (a) shall contain such
provisions as shall be necessary or desirable to transfer and confirm to, and
to vest in, such 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, (b) 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 (c) shall
add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the 

 

63

 

administration
of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust, that each such Trustee shall be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee and that no Trustee shall be responsible
for any notice given to, or received by, or any act or failure to act on the
part of any other Trustee hereunder, and, upon the execution and delivery of
such supplemental indenture, the resignation or removal of the retiring Trustee
shall become effective to the extent provided therein, such retiring Trustee
shall have no further responsibility for the exercise of rights and powers or
for the performance of the duties and obligations vested in the Trustee under
this Indenture with respect to the Securities of that or those series to which
the appointment of such successor Trustee relates other than as hereinafter
expressly set forth, 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 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 such successor Trustee, such retiring Trustee, upon payment of
its charges with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates and subject to Section 10.3
shall duly assign, transfer and deliver to such successor Trustee, to the
extent contemplated by such supplemental indenture, the property and money held
by such retiring Trustee hereunder with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates,
subject to its lien, if any, provided for in Section 6.7.

 

(3)           Upon request of any Person appointed
hereunder as a 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.

 

(4)           No Person shall accept its
appointment hereunder as a successor Trustee unless at the time of such
acceptance such successor Person shall be qualified and eligible under this
Article 6.

 

Section 6.11           Merger,
Conversion, Consolidation or Succession to Business

 

Any
Corporation or national banking association into which the Trustee may be
merged or converted or with which it may be consolidated, or any Corporation or
national banking association resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any Corporation or
national banking association succeeding to all or substantially all of the
corporate trust business of the Trustee by sale or otherwise, shall be the
successor of the Trustee hereunder, provided such Corporation or national
banking association shall otherwise be qualified and eligible under this Article 6,
in each case 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.

 

64

 

Section 6.12           Appointment
of Authenticating Agent

 

The
Trustee may appoint one or more Authenticating Agents acceptable to the Company
with respect to one or more series of Securities which shall be authorized to
act on behalf of the Trustee to authenticate Securities of that or those series
issued upon original issue, exchange, registration of transfer, partial
redemption or partial repayment or pursuant to Section 3.6, 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 must be acceptable to the Company and, except as provided
in or pursuant to this Indenture, shall at all times be a Corporation or
national banking association that would be permitted by the Trust Indenture Act
to act as trustee under an indenture qualified under the Trust Indenture Act,
is authorized under applicable law and by its charter to act as an
Authenticating Agent and has a combined capital and surplus (computed in
accordance with Section 310(a)(2) of the Trust Indenture Act) of at
least $50,000,000.  If at any time an
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section 6.12, it shall resign immediately in the manner
and with the effect specified in this Section 6.12.

 

Any
Corporation or national banking association into which an Authenticating Agent
may be merged or converted or with which it may be consolidated, or any
Corporation or national banking association resulting from any merger,
conversion or consolidation to which such Authenticating Agent shall be a
party, or any Corporation or national banking association succeeding to all or
substantially all of the corporate agency or corporate trust business of an
Authenticating Agent, shall be the successor of such Authenticating Agent
hereunder, provided such Corporation or national banking association shall be
otherwise eligible under this Section 6.12, 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 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 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 6.12,
the Trustee may appoint a successor Authenticating Agent which shall be
acceptable to the Company and shall 

 

65

 

mail
written notice of such appointment by first-class mail, postage prepaid, to all
Holders of Registered Securities, if any, of the series with respect to which
such Authenticating Agent shall serve, as their names and addresses appear in
the Security Register.  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 6.12.

 

The
Company agrees to pay each Authenticating Agent from time to time reasonable
compensation for its services under this Section 6.12 to the extent agreed
in writing.

 

The
provisions of Section 3.3, Section 6.1, Section 6.4 and
Section 6.5 shall be applicable to each Authenticating Agent.

 

If
an Authenticating Agent is appointed with respect to one or more series of
Securities pursuant to this Section 6.12, the Securities of such series
may have endorsed thereon, in addition to or in lieu of the Trustee’s
certificate of authentication, an alternate certificate of authentication 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:

  	
   

  
	
   

  	
   

  	
  As
  Authenticating Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Dated:

  

 

If
all of the Securities of any series may not be originally issued at one time,
and if the Trustee does not have an office capable of authenticating Securities
upon original issuance located in a Place of Payment where the Company wishes
to have Securities of such series authenticated upon original issuance, the
Trustee, if so requested by Company Request (which writing need not be accompanied
by or contained in an Officer’s Certificate), shall appoint in accordance with
this Section 6.12 (and subject to such procedures as shall be acceptable
to the Trustee) an Authenticating Agent having an office in a Place of Payment
designated by the Company with respect to such series of Securities.

 

66

 

ARTICLE 7

 

HOLDERS LISTS AND REPORTS BY
TRUSTEE AND COMPANY

 

Section 7.1             Company
to Furnish Trustee Names and Addresses of Holders

 

In
accordance with Section 312(a) of the Trust Indenture Act, the
Company shall furnish or cause to be furnished to the Trustee:

 

(1)           semi-annually with respect to
Securities of each series not later than 15 days after each Regular Record
Date in respect of Securities of a series, a list, in each case in such form as
the Trustee may reasonably require, of the names and addresses of Holders of
such Securities as of the applicable date, and

 

(2)           at such other times as the Trustee
may request in writing, within 30 days after the receipt by the Company of
any such request, a list of similar form and content as of a date not more than
15 days prior to the time such list is furnished,

 

provided,
however, that so long as the Trustee is the Security Registrar no such list
shall be required to be furnished.

 

Section 7.2             Preservation
of Information; Communications to Holders

 

The
Trustee shall comply with the obligations imposed upon it pursuant to
Section 312 of 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, the Trustee, any Paying Agent
or any Security Registrar shall be held accountable by reason of the disclosure
of any such information as to the names and addresses of the Holders of
Securities in accordance with Section 312 of the Trust Indenture Act,
regardless of the source from which such information was derived, and that the
Trustee shall not be held accountable by reason of mailing any material
pursuant to a request made under Section 312(b) of the Trust
Indenture Act.

 

Section 7.3             Reports
by Trustee

 

(1)           Within 60 days after May 15
of each year commencing with the first May 15 following the first issuance
of Securities pursuant to Section 3.1, if required by Section 313(a) of
the Trust Indenture Act, the Trustee shall transmit, pursuant to Section 313(c) of
the Trust Indenture Act, a brief report dated as of such May 15 with
respect to any of the events specified in said Section 313(a) which
may have occurred since the later of the immediately preceding May 15 and
the date of this Indenture.

 

67

 

(2)           The Trustee shall transmit any
reports required by Section 313(a) of the Trust Indenture Act at the
times specified therein.

 

(3)           A copy of each report, if any,
described in Section 7.3(1) and (2) shall, at the time of such
transmission to Holders, be filed by the Trustee with each stock exchange, if
any, upon which the Securities are listed, with the Commission and with the
Company.  The Company will promptly
notify the Trustee when the Securities are listed on any stock exchange and of
any delisting thereof.

 

Section 7.4             Reports
by Company

 

The
Company, pursuant to Section 314(a) of the Trust Indenture Act,
shall:

 

(1)           file with the Trustee, within
30 days after the Company has filed the same with the Commission, unless
such reports are available on the Commission’s EDGAR filing system (or any
successor thereto), copies of the annual reports and of the information,
documents and other reports (or copies of such portions of any of the foregoing
as the Commission may from time to time by rules and regulations
prescribe) which the Company may be required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Exchange Act; or,
if the Company is not required to file information, documents or reports
pursuant to either of Section 13 or Section 15(d) of the
Exchange Act, then it shall file with the Trustee and the Commission, in
accordance with rules and regulations prescribed from time to time by the
Commission, such of the supplementary and periodic information, documents and
reports which may be required pursuant to Section 13 of the Exchange Act
in respect of a security listed and registered on a national securities exchange
as may be prescribed from time to time in such rules and regulations;

 

(2)           file with the Trustee and the
Commission, in accordance with rules and regulations prescribed from time
to time by the Commission, such additional information, documents and reports
with respect to compliance by the Company with the conditions and covenants of
this Indenture as may be required from time to time by such rules and
regulations; and

 

(3)           transmit within 30 days after
the filing thereof with the Trustee, in the manner and to the extent provided
in Section 313(c) of the Trust Indenture Act, such summaries of any
information, documents and reports required to be filed by the Company pursuant
to paragraphs (1) and (2) of this Section 7.4 as may be required
by rules and regulations prescribed from time to time by the Commission.

 

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

 

68

 

ARTICLE 8

 

CONSOLIDATION, MERGER AND SALES

 

Section 8.1             Company
May Consolidate, etc., Only on Certain Terms

 

The
Company shall not directly or indirectly consolidate with or merge with or
into, or sell, assign, transfer, lease, convey or otherwise dispose of all or
substantially all of its assets and properties and the assets and properties of
its Subsidiaries (taken as a whole) to another Person in one or more related
transactions unless:

 

(1)           either:  (A) the Company is the survivor; or
(B) the Person formed by or surviving any such consolidation or merger (if
other than the Company) or to which such sale, assignment, transfer, lease,
conveyance or other disposition has been made is a Person organized or existing
under the laws of the United States, any state of the United States or the
District of Columbia;

 

(2)           the Person formed by or surviving any
such consolidation or merger (if other than the Company) or the Person to which
such sale, assignment, transfer, lease, conveyance or other disposition has been
made shall expressly assume, by an indenture (or indentures, if at such time
there is more than one Trustee) supplemental hereto, in form reasonably
satisfactory to the Trustee, executed by the successor Person and delivered to
the Trustee, the due and punctual payment of the principal of, any premium and
interest on and any Additional Amounts with respect to, all the Securities and
the performance of every obligation in this Indenture and the Outstanding
Securities on the part of the Company to be performed or observed and shall
provide for conversion or exchange rights in accordance with the provisions of
the Securities of any series that are convertible or exchangeable into Common
Stock or other securities, cash or other property;

 

(3)           either the Company or the successor
Person shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that such consolidation, merger, sale,
assignment, transfer, lease, conveyance or other disposition and, if a
supplemental indenture is required in connection with such transaction, such
supplemental indenture comply with this Article 8 and that all conditions
precedent herein provided for relating to such transaction have been complied
with; and

 

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

 

Section 8.2             Successor
Person Substituted for Company

 

Upon
any consolidation by the Company with or merger of the Company into any other
Person or Persons where the Company is not the survivor or any sale,
assignment, transfer, lease, conveyance or other disposition of all or
substantially all of 

 

69

 

the
properties and assets of the Company and the properties and assets of its
Subsidiaries (taken as a whole) to any Person or Persons in accordance with
Section 8.1, the successor Person formed by such consolidation or into
which the Company is merged or to which such sale, assignment, transfer, lease,
conveyance or other disposition is made shall succeed to, and be substituted
for, and may exercise every right and power of, the Company under this
Indenture with the same effect as if such successor Person had been named as
the Company herein; and thereafter, except in the case of a lease, the
predecessor Person shall be released from all obligations and covenants under
this Indenture and the Securities.

 

ARTICLE 9

 

SUPPLEMENTAL INDENTURES

 

Section 9.1             Supplemental
Indentures Without Consent of Holders

 

Without
the consent of any Holders of Securities, the Company (when authorized by or
pursuant to 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 contained herein and in the Securities; or

 

(2)           to add to the covenants of the
Company for the benefit of the Holders of all or any series of Securities (as
shall be specified in such supplemental indenture or indentures) or to
surrender any right or power herein conferred upon the Company; provided, that
in respect of any such additional covenant, such supplemental indenture may
provide for a particular period of grace after default (which period may be
shorter or longer than that allowed in the case of other defaults) or may
provide for an immediate enforcement upon such a default or may limit the
remedies available to the Trustee upon an Event of Default or may limit the
right of the Holders of a majority in aggregate principal amount of the
Securities of such series to waive such an Event of Default; or

 

(3)           to establish the form or terms of
Securities of any series as permitted by Section 2.1 and Section 3.1;
or

 

(4)           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 6.10; or

 

70

 

(5)           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 no action pursuant to
this clause (5) shall adversely affect the interests of the Holders of
Securities of any series then Outstanding in any material respect; or

 

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

 

(7)           to add any additional Events of
Default with respect to all or any series of Securities (as shall be specified
in such supplemental indenture); or

 

(8)           to supplement any of the provisions
of this Indenture to such extent as shall be necessary for the defeasance and
discharge of any series of Securities pursuant to Article 4, provided that
any such action shall not adversely affect the interests of any Holder of an
Outstanding Security of such series or any other Security in any material
respect; or

 

(9)           to make provisions with respect to
conversion or exchange rights of Holders of Securities of any series; or

 

(10)         to add guarantees in respect of the
Securities of one or more series and to provide for the terms and conditions of
release thereof; or

 

(11)         to convey, transfer, assign, mortgage
or pledge to the Trustee as security for the Securities of one or more series
any property or assets and to provide for the terms and conditions of release
thereof; or

 

(12)         to change or eliminate any of the
provisions of this Indenture, provided that any such change or elimination
shall become effective only when there is no Outstanding Security of any series
created prior to the execution of such supplemental indenture which is entitled
to the benefit of such provision; or

 

(13)         to provide for Definitive Securities in
addition to or in place of Global Securities; or

 

(14)         to qualify the Indenture under the
Trust Indenture Act; or

 

(15)         with respect to the Securities of a
series, to conform the text of the Indenture or the Securities of such series
to any provision of the description thereof in the Company’s offering
memorandum or prospectus relating to the initial offering of such Securities,
to the extent that such provision, in the good faith judgment of the Company,
was intended to be a verbatim recitation of a provision of the Indenture or
such Securities; or

 

71

 

(16)         to make any other change that does not
adversely affect the rights of Holders of Outstanding Securities in any
material respect.

 

The
Trustee is hereby required to join with the Company and any 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, but the Trustee shall not be obligated to enter into any such
supplemental indenture which affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise.

 

Section 9.2             Supplemental
Indentures With Consent of Holders

 

With
the consent of the Holders of not less than a majority (or such greater amount
as is provided for a particular series of Securities) in principal amount of
the Outstanding Securities of each series affected by such supplemental
indenture (including consents obtained in connection with a purchase of, or
tender offer or exchange offer for, Securities of such series), by Act of said
Holders delivered to the Company and the Trustee, the Company (when authorized
by or pursuant to 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 or of the Securities of such
series; provided, however, that no such supplemental indenture, without the
consent of the Holder of each Outstanding Security affected thereby, shall:

 

(1)           change the Stated Maturity of the
principal of, or any premium or installment of interest on or any Additional
Amounts with respect to, any Security, or reduce the principal amount thereof
or the rate (or modify the calculation of such rate in a manner that reduces such
rate) of interest thereon or any Additional Amounts with respect thereto, or
any premium payable upon the redemption thereof or otherwise, or change the
obligation of the Company to pay Additional Amounts pursuant to Section 10.4,
or reduce the amount of the principal of an Original Issue Discount Security
that would be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 5.2 or the amount thereof provable in
bankruptcy pursuant to Section 5.4, change the redemption provisions or
adversely affect the right of repayment at the option of any Holder as
contemplated by Article 13, or change the Place of Payment for any
Security or the Currency in which the principal of, any premium or interest on,
or any Additional Amounts with respect to any Security 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 repayment at the option of the Holder, on or
after the date for repayment); or

 

72

 

(2)           reduce the percentage in principal
amount of the Outstanding Securities of any series the consent of the Holders
of which are 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 reduce the requirements of Section 15.4
for quorum or voting; or

 

(3)           modify any of the provisions of this
Section 9.2 or Section 5.13 or Section 10.5, 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; or

 

(4)           make any change that adversely
affects the right to convert or exchange any Security into or for Common Stock
or other securities, cash or other property in accordance with the terms of
such Security.

 

A
supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which shall have been included expressly and 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 of Securities under this
Section 9.2 to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such Act shall approve the substance
thereof.

 

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

 

Section 9.3             Execution
of Supplemental Indentures

 

As
a condition to executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article 9 or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled
to receive, and 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.

 

73

 

Section 9.4             Revocation
of Consents

 

Notwithstanding
clause (5) of Section 1.4, any Holder of a Security or future Holder
of the same Security may revoke a consent as to its Security or portion of a
Security.  Any revocation of a consent by
the Holder of a Security or any such future Holder shall be effective only if
the Trustee receives the notice of revocation before the date on which the
Trustee receives an Officer’s Certificate from the Company certifying that the
requisite number of consents have been received.  If, however, a record date is fixed pursuant
to Section 1.4, then notwithstanding the second preceding sentence, those
Persons who were Holders at such record date (or their duly designated
proxies), and only those Persons, shall be entitled to revoke any consent
previously given, whether or not such Persons continue to be Holders after such
record date.

 

Section 9.5             Effect
of Supplemental Indentures

 

A
supplemental indenture or waiver becomes effective upon the (a) receipt by
the Company or the Trustee of the requisite number of consents (if required),
(b) satisfaction of any conditions to effectiveness as set forth in this
Indenture or any such supplemental indenture or waiver and (c) with
respect to a supplemental indenture, execution of such supplemental indenture
by the Company and the Trustee.  After a
supplemental indenture or waiver becomes effective, it shall bind every Holder,
unless it makes a change described in any of clauses (1) through
(4) of Section 9.2, in which case, the supplemental indenture or
waiver shall bind a Holder of a Security who is affected thereby only if it has
consented to such supplemental indenture or waiver and every subsequent Holder
of a Security or portion of a Security that evidences the same debt as the
consenting Holder’s Security.  Upon the
effectiveness 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, except as provided
in the preceding sentence, every Holder of Securities theretofore or thereafter
authenticated and delivered hereunder shall be bound thereby.

 

Section 9.6             Reference
in Securities to Supplemental Indentures

 

Securities
of any series authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article 9 may, and shall if
required by the Trustee, bear a notation in form approved by the Trustee as to
any matter provided for in such supplemental indenture.  If the Company shall so determine, new
Securities 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 authenticated and delivered by the Trustee in
exchange for Outstanding Securities of such series.

 

Section 9.7             Conformity
with Trust Indenture Act

 

Every
supplemental indenture executed pursuant to this Article 9 shall conform
to the requirements of the Trust Indenture Act as then in effect.

 

74

 

Section 9.8             Notice
of Supplemental Indenture

 

Promptly
after the execution by the Company and the Trustee of any supplemental
indenture pursuant to Section 9.2, the Company shall transmit to the
Holders of Outstanding Securities of any series affected thereby a notice
setting forth the substance of such supplemental indenture; provided, that any
failure to provide, or any defect in any such notice, shall not impair the
validity of any such supplemental indenture.

 

ARTICLE 10

 

COVENANTS

 

Section 10.1           Payment
of Principal, any Premium, Interest and Additional Amounts

 

The
Company covenants and agrees for the benefit of the Holders of the Securities
of each series that it will duly and punctually pay the principal of, any
premium and interest on and any Additional Amounts with respect to, the
Securities of such series in accordance with the terms thereof and this
Indenture.

 

Section 10.2           Maintenance
of Office or Agency

 

The
Company shall maintain in each Place of Payment for any series of Securities an
Office or Agency where Securities of such series may be presented or
surrendered for payment, where Securities of such series may be surrendered for
registration of transfer or exchange, where Securities of such series that are
convertible or exchangeable may be surrendered for conversion or exchange, and
where notices and demands to or upon the Company in respect of the Securities
of such series relating thereto 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 shall give prompt written notice
to the Trustee of any such designation or rescission and of any change in the
location of any such other Office or Agency.

 

75

 

Unless
otherwise provided in or pursuant to this Indenture, the Company hereby
designates as the Place of Payment for each series of Securities the Borough of
Manhattan, The City of New York, and initially appoints the Corporate Trust
Office of
                                                                                          ,
located at
                                                                                ,
as the Office or Agency of the Company in the Borough of Manhattan, The City of
New York for such purpose.  The Company
may subsequently appoint a different Office or Agency in the Borough of
Manhattan, The City of New York for the Securities of any series.

 

Section 10.3           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 shall, on or before each due date of the principal of,
any premium or interest on or Additional Amounts with respect to any of the
Securities of such series, segregate and hold in trust for the benefit of the
Persons entitled thereto a sum in the currency or currencies, currency unit or
units or composite currency or currencies in which the Securities of such
series are payable (except as otherwise specified pursuant to Section 3.1
for the Securities of such series) sufficient to pay the principal or any
premium, interest or Additional Amounts so becoming due until such sums shall
be paid to such Persons or otherwise disposed of as herein provided, and shall
promptly notify the Trustee of its failure so to act.

 

Whenever
the Company shall have one or more Paying Agents for any series of Securities,
it shall, on or prior to each due date of the principal of, any premium or
interest on or any Additional Amounts with respect to any Securities of such
series, deposit with any Paying Agent a sum (in the currency or currencies,
currency unit or units or composite currency or currencies described in the
preceding paragraph) sufficient to pay the principal or any premium, interest
or Additional Amounts so becoming due, such sum to be held in trust for the
benefit of the Persons entitled thereto, and (unless such Paying Agent is the
Trustee) the Company will promptly notify the Trustee of its failure so to act.

 

The
Company shall 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 10.3,
that such Paying Agent shall:

 

(1)           hold all sums held by it for the
payment of the principal of, any premium or interest on or any Additional
Amounts with respect to Securities of such series in trust for the benefit of
the Persons entitled thereto until such sums shall be paid to such Persons or
otherwise disposed of as provided in or pursuant to this Indenture;

 

(2)           give the Trustee notice of any
default by the Company (or any other obligor upon the Securities of such
series) in the making of any payment of principal, any premium or interest on
or any Additional Amounts with respect to the Securities of such series; and

 

76

 

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

 

The
Company may at any time, for the purpose of obtaining the satisfaction and
discharge of this Indenture or for any other purpose, pay, or by Company Order
direct any Paying Agent to pay, to the Trustee all sums held in trust by the
Company or such Paying Agent, such sums to be held by the Trustee upon the same
terms 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 sums.

 

Except
as otherwise provided herein or pursuant hereto, 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, any premium or interest on or any Additional
Amounts with respect to any Security of any series and remaining unclaimed for
two years after such principal or any such premium or interest or any such
Additional Amounts shall have 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 either cause to
be published once, in an Authorized Newspaper in each Place of Payment for such
series, or may cause to be mailed once to Holders of Registered Securities of
such series, 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 or mailing nor later than two years after such principal and
any premium or interest or Additional Amounts shall have become due and
payable, any unclaimed balance of such money then remaining will be repaid to
the Company.

 

Section 10.4           Additional
Amounts

 

If
any Securities of a series provide for the payment of Additional Amounts, the
Company agrees to pay to the Holder of any such Security Additional Amounts as
provided in or pursuant to this Indenture or such Securities.  Whenever in this Indenture there is
mentioned, in any context, the payment of the principal of or any premium or
interest on, or in respect of, any Security of any series, such mention shall
be deemed to include mention of the payment of Additional Amounts provided by
the terms of such series established hereby or pursuant hereto to the extent
that, in such context, Additional Amounts are, were or would be payable in
respect thereof pursuant to such terms, and express mention of the payment of
Additional Amounts (if applicable) in any provision hereof shall not be
construed as excluding Additional Amounts in those provisions hereof where such
express mention is not made.

 

77

 

Except
as otherwise provided in or pursuant to this Indenture or the Securities of the
applicable series, if the Securities of a series provide for the payment of
Additional Amounts, at least 10 days prior to the first Interest Payment
Date with respect to such series of Securities (or if the Securities of such
series shall not bear interest prior to Maturity, the first day on which a
payment of principal is made), and at least 10 days prior to each date of
payment of principal or interest if there has been any change with respect to
the matters set forth in the below-mentioned Officer’s Certificate, the Company
shall furnish to the Trustee and the principal Paying Agent or Paying Agents,
if other than the Trustee, an Officer’s Certificate instructing the Trustee and
such Paying Agent or Paying Agents whether such payment of principal of and
premium, if any, or interest on the Securities of such series shall be made to
Holders of Securities of such series who are United States Aliens (as
demonstrated by delivery of appropriate tax forms) without withholding for or
on account of any tax, assessment or other governmental charge described in the
Securities of such series.  If any such
withholding shall be required, then such Officer’s Certificate shall specify by
country the amount, if any, required to be withheld on such payments to such
Holders of Securities, and the Company agrees to pay to the Trustee or such
Paying Agent the Additional Amounts required by the terms of such Securities.  The Company covenants to indemnify the
Trustee and any Paying Agent for, and to hold them harmless against, any loss,
liability or expense reasonably incurred without negligence or bad faith on
their part arising out of or in connection with actions taken or omitted by any
of them in reliance on any Officer’s Certificate furnished pursuant to this Section 10.4.

 

Section 10.5           Waiver
of Certain Covenants

 

The
Company may omit in any particular instance to comply with any term, provision
or condition specified pursuant to Section 3.1 with respect to the
Securities of any series if the Company shall have obtained or filed with the
Trustee, prior to the time of such failure or omission, evidence (as described
in Section 1.4) of the consent of the Holders of a majority in aggregate
principal amount of the Outstanding Securities of such series, by Act of such
Holders, either waiving such compliance in such instance or generally waiving
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 in accordance
with Section 9.5, the obligations of the Company and the duties of the
Trustee in respect of any such term, provision or condition shall remain in
full force and effect.

 

Section 10.6           Company
Statement as to Compliance

 

(1)           If any Securities are Outstanding
under this Indenture, the Company shall deliver to the Trustee, within
120 days after the end of each fiscal year, a written statement (which
need not be contained in or accompanied by an Officer’s Certificate) signed by
the principal executive officer, the principal financial officer or the
principal accounting officer, stating that:

 

78

 

(a)           in
the course of the performance of his or her duties as an officer of the Company
he or she would normally have knowledge of any default by the Company in the
performance of the covenants contained in this Indenture, and

 

(b)           to
his or her knowledge, the Company has complied with all the conditions and
covenants imposed on it under this Indenture throughout such year, or, if there
has been a noncompliance in the fulfillment of any such condition or covenant,
specifying each such noncompliance known to him or her and the nature and
status thereof.

 

(2)           The Trustee shall have no duty to
monitor the Company’s compliance with the covenants contained in this Indenture
other than to receive written notices described in Section 10.6(1).

 

ARTICLE 11

 

REDEMPTION OF SECURITIES

 

Section 11.1           Applicability
of Article

 

Redemption
of Securities of any series at the option of the Company as permitted or
required by the terms of such Securities shall be made in accordance with the
terms of such Securities and (except as otherwise provided herein or pursuant
hereto) this Article 11.

 

Section 11.2           Election
to Redeem; Notice to Trustee

 

The
election of the Company to optionally redeem any Securities shall be evidenced
by or pursuant to a Board Resolution.  In
case of any redemption at the election of the Company of the Securities of any
series, the Company shall, at least 60 days prior to the Redemption Date
fixed by the Company (unless a shorter notice shall be satisfactory to the
Trustee), notify the Trustee of such Redemption Date and of the principal
amount of Securities of such series to be redeemed.  In the case of any redemption of Securities
(a) prior to the expiration of any restriction on such redemption provided
in the terms of such Securities or elsewhere in this Indenture, or
(b) pursuant to an election of the Company which is subject to a condition
specified 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 or condition.

 

Section 11.3           Selection
by Trustee of Securities to be Redeemed

 

If
less than all of the Securities of any series with the same issue date,
interest rate or formula, Stated Maturity and other terms are to be redeemed,
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 on a pro rata
basis or by lot (whichever is consistent 

 

79

 

with
the Trustee’s customary practice); provided, however, that no such partial
redemption shall reduce the portion of the principal amount of a Registered
Security of such series not redeemed to less than the minimum denomination for
a Security of such series established herein or pursuant hereto.

 

The
Trustee shall promptly notify the Company and the Security Registrar (if other
than itself) in writing of the Securities selected for redemption and, in the
case of any Securities selected for partial redemption, the principal amount
thereof to be redeemed.

 

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

 

Unless
otherwise specified in or pursuant to this Indenture or the Securities of any
series, if any Security selected for partial redemption is converted into or
exchanged for Common Stock or other securities, cash or other property in part
before termination of the conversion or exchange 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 or exchanged during a selection of Securities to be redeemed shall be
treated by the Trustee as Outstanding for the purpose of such selection.

 

Section 11.4           Notice
of Redemption

 

Notice
of redemption shall be given in the manner provided in Section 1.6, not
less than 30 nor more than 60 days prior to the Redemption Date, unless a
shorter period is specified in the Securities to be redeemed, to the Holders of
Securities to be redeemed.  Failure to
give notice by mailing in the manner herein provided to the Holder of any
Registered Securities designated for redemption as a whole or in part, or any
defect in the notice to any such Holder, shall not affect the validity of the
proceedings for the redemption of any other Securities or portion thereof.

 

Any
notice that is mailed to the Holder of any Registered Securities in the manner
herein provided shall be conclusively presumed to have been duly given, whether
or not such Holder receives the notice.

 

All
notices of redemption shall state:

 

(1)           the Redemption Date;

 

(2)           the Redemption Price or if not then
ascertainable, the manner of calculation thereof;

 

80

 

(3)           if less than all Outstanding
Securities of any series are to be redeemed, the identification (and, in the
case of partial redemption, the principal amount) of the particular Security or
Securities to be redeemed;

 

(4)           in case any Security is to be
redeemed in part only, the notice which relates to such Security shall state
that on and after the Redemption Date, upon surrender of such Security, the
Holder of such Security will receive, without charge, a new Security or
Securities of authorized denominations for the principal amount thereof
remaining unredeemed;

 

(5)           that, on the Redemption Date, the
Redemption Price shall become due and payable upon each such Security or
portion thereof to be redeemed, and, if applicable, that interest thereon shall
cease to accrue on and after said date, subject to such conditions as may be
specified pursuant to Section 3.1 with respect to such Security;

 

(6)           the place or places where such
Securities are to be surrendered for payment of the Redemption Price and any
accrued interest and Additional Amounts pertaining thereto;

 

(7)           that the redemption is for a sinking
fund, if such is the case;

 

(8)           in the case of Securities of any
series that are convertible or exchangeable into Common Stock or other
securities, cash or other property, the conversion or exchange price or rate,
the date or dates on which the right to convert or exchange the principal of
the Securities of such series to be redeemed will commence or terminate and the
place or places where such Securities may be surrendered for conversion or
exchange; and

 

(9)           the CUSIP number (or any other
numbers used by a Depositary to identify such Securities).

 

A
notice of redemption published as contemplated by Section 1.6 need not
identify particular Registered Securities to be redeemed.

 

Notice
of redemption of Securities to be redeemed at the election of the Company shall
be given by the Company or, upon Company Request, by the Trustee in the name
and at the expense of the Company.

 

Section 11.5           Deposit
of Redemption Price

 

At
or prior to 10:00 a.m., New York City time, on any Redemption Date, the
Company shall deposit, with respect to the Securities of any series called for
redemption pursuant to Section 11.4, 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 10.3) an amount of money in the applicable
Currency sufficient to pay the Redemption Price 

 

81

 

of,
and (except if the Redemption Date shall be an Interest Payment Date, unless
otherwise specified pursuant to Section 3.1 or in the Securities of such
series) any accrued interest on and Additional Amounts with respect to such
accrued interest, all such Securities or portions thereof which are to be
redeemed on that date.

 

Section 11.6           Securities
Payable on Redemption Date

 

Notice
of redemption having been given as aforesaid and all conditions specified
pursuant to Section 3.1 having been satisfied, 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 any accrued interest and Additional Amounts to the
Redemption Date; provided, however, that, except as otherwise specified in or
pursuant to this Indenture or the Registered Securities of such series,
installments of interest on Registered Securities whose Stated Maturity is on
or prior to the Redemption Date shall be payable to the Holders of such
Securities, or one or more Predecessor Securities, registered as such at the
close of business on the Regular Record Dates therefor according to their terms
and the provisions of Section 3.7.

 

Unless
otherwise specified in or pursuant to this Indenture or the Securities of any
series, if any Security called for redemption shall not be so paid upon
surrender thereof for redemption, the principal and any premium, until paid,
shall bear interest from the Redemption Date at the rate prescribed therefor in
the Security.

 

Section 11.7           Securities
Redeemed in Part

 

Any
Registered Security which is to be redeemed only in part shall be surrendered
at any Office or Agency for such Security (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 Registered Security or Securities of the
same series, containing identical terms and provisions, of any authorized
denomination as requested by such Holder in aggregate principal amount equal to
and in exchange for the unredeemed portion of the principal amount of the
Security so surrendered.  If a Global
Security is so surrendered, the Company shall execute, and the Trustee shall
authenticate and deliver to or on behalf of the U.S. Depositary or other
Depositary for such Global Security as shall be specified in the Company Order
with respect thereto to the Trustee, without service charge, a new Global
Security in a denomination equal to and in exchange for the unredeemed portion
of the principal of the Global Security so surrendered.

 

82

 

Section 11.8           Repurchases
on the Open Market

 

The
Company or any Affiliate of the Company may at any time or from time to time
repurchase any of the Securities in the open market or otherwise.  Such Securities may, at the option of the
Company or the relevant Affiliate of the Company, be held, resold or
surrendered to the Trustee for cancellation.

 

ARTICLE 12

 

SINKING FUNDS

 

Section 12.1           Applicability
of Article

 

The
provisions of this Article 12 shall be applicable to any sinking fund for
the retirement of Securities of a series, except as otherwise permitted or
required in or pursuant to this Indenture or any Security of such series issued
pursuant to this Indenture.

 

The
minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a “mandatory sinking fund
payment,” and any payment in excess of such minimum amount provided for by the
terms of Securities of such series is herein referred to as an “optional
sinking fund payment.”  If provided for
by the terms of Securities of any series, the cash amount of any sinking fund
payment may be subject to reduction as provided in Section 12.2.  Each sinking fund payment shall be applied to
the redemption of Securities of any series as provided for by the terms of
Securities of such series and this Indenture.

 

Section 12.2           Satisfaction
of Sinking Fund Payments with Securities

 

The
Company may, in satisfaction of all or any part of any sinking fund payment
with respect to the Securities of any series to be made pursuant to the terms
of such Securities (1) deliver Outstanding Securities of such series
(other than any of such Securities previously called for redemption or any of
such Securities in respect of which cash shall have been released to the
Company) and (2) apply as a credit Securities of such series which have
been redeemed either at the election of the Company pursuant to the terms of
such series of Securities or through the application of permitted optional
sinking fund payments pursuant to the terms of such Securities, provided that
such Securities have not been previously so credited.  Such Securities shall be received and
credited for such purpose by the Trustee at the Redemption Price specified in
such Securities for redemption through operation of the sinking fund and the
amount of such sinking fund payment shall be reduced accordingly.  If as a result of the delivery or credit of
Securities of any series in lieu of cash payments pursuant to this
Section 12.2, the principal amount of Securities of such series to be
redeemed in order to satisfy the remaining sinking fund payment shall be less
than $100,000, the Trustee need not call Securities of such series for
redemption, except upon Company Request, and such cash payment shall be held by
the Trustee or a Paying Agent and applied to the next 

 

83

 

succeeding
sinking fund payment, provided, however, that the Trustee or such Paying Agent
shall at the request of the Company from time to time pay over and deliver to
the Company any cash payment so being held by the Trustee or such Paying Agent
upon delivery by the Company to the Trustee of Securities of that series
purchased by the Company having an unpaid principal amount equal to the cash
payment requested to be released to the Company.

 

Section 12.3           Redemption
of Securities for Sinking Fund

 

Not
less than 60 days prior to each sinking fund payment date for any series
of Securities, the Company shall deliver to the Trustee an Officer’s
Certificate specifying the amount of the next ensuing mandatory sinking fund
payment for that series pursuant to the terms of that series, 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 of
Securities of that series pursuant to Section 12.2, and the basis for such
credit and the optional amount, if any, to be added in cash to the next ensuing
mandatory sinking fund payment, and will also deliver to the Trustee any
Securities to be so credited and not theretofore delivered.  If such Officer’s Certificate shall specify
an optional amount to be added in cash to the next ensuing mandatory sinking
fund payment, the Company shall thereupon be obligated to pay the amount
therein specified.  Not less than 60 days
before each such sinking fund payment date the Trustee shall select the
Securities to be redeemed upon such sinking fund payment date in the manner
specified in Section 11.3 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 11.4.  Such notice having
been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Section 11.6 and Section 11.7.

 

ARTICLE 13

 

REPAYMENT AT THE OPTION OF
HOLDERS

 

Section 13.1           Applicability
of Article

 

Securities
of any series which are repayable at the option of the Holders thereof before
their Stated Maturity shall be repaid in accordance with the terms of the
Securities of such series.  The repayment
of any principal amount of Securities pursuant to such option of the Holder to require
repayment of Securities before their Stated Maturity, for purposes of
Section 3.9, shall not operate as a payment, redemption or satisfaction of
the indebtedness represented by such Securities unless and until the Company,
at its option, shall deliver or surrender the same to the Trustee with a
directive that such Securities be cancelled. 
Notwithstanding anything to the contrary contained in this
Section 13.1, in connection with any repayment of Securities, the Company
may arrange for the purchase of any Securities by an agreement with one or more
investment bankers or other purchasers to purchase such Securities by paying to
the Holders of such Securities on or before the close of business on the
repayment date 

 

84

 

an
amount not less than the repayment price payable by the Company on repayment of
such Securities, and the obligation of the Company to pay the repayment price
of such Securities shall be satisfied and discharged to the extent such payment
is so paid by such purchasers.

 

ARTICLE 14

 

SECURITIES IN FOREIGN CURRENCIES

 

Section 14.1           Applicability
of Article

 

Whenever
this Indenture provides for (i) any action by, or the determination of any
of the rights of, Holders of Securities of any series in which not all of such
Securities are denominated in the same Currency, or (ii) any distribution
to Holders of Securities, in the absence of any provision to the contrary
pursuant to this Indenture or the Securities of any particular series, any amount
in respect of any Security denominated in a Foreign Currency shall be treated
for any such action or distribution as that amount of Dollars that could be
obtained for such amount on such reasonable basis of exchange and as of the
record date with respect to Registered Securities of such series (if any) for
such action, determination of rights or distribution (or, if there shall be no
applicable record date, such other date reasonably proximate to the date of
such action, determination of rights or distribution) as the Company may
specify in a written notice to the Trustee or, in the absence of such written
notice, as the Trustee may determine.

 

ARTICLE 15

 

MEETINGS OF HOLDERS OF SECURITIES

 

Section 15.1           Purposes
for Which Meetings May Be Called

 

A
meeting of Holders of Securities of any series may be called at any time and
from time to time pursuant to this Article 15 to make, give or take any
request, demand, authorization, direction, notice, consent, waiver or other Act
provided by this Indenture to be made, given or taken by Holders of Securities
of such series.

 

Section 15.2           Call,
Notice and Place of Meetings

 

(1)           The Trustee may at any time call a
meeting of Holders of Securities of any series for any purpose specified in
Section 15.1, to be held at such time and at such place in the Borough of
Manhattan, The City of New York as the Trustee may select and as shall be
acceptable to the Company.  Notice of
every meeting of Holders of Securities of any series, setting forth the time
and the place of such meeting and in general terms the action proposed to be
taken at such meeting, shall be given, in the manner provided in
Section 1.6, not less than 21 nor more than 180 days prior to the
date fixed for the meeting.

 

85

 

(2)           In case at any time the Company (by
or pursuant to a Board Resolution) or the Holders of at least 10% in principal
amount of the Outstanding Securities of any series shall have requested the
Trustee to call a meeting of the Holders of Securities of such series for any
purpose specified in Section 15.1, by written request setting forth in
reasonable detail the action proposed to be taken at the meeting, and the
Trustee shall not have mailed notice of such meeting within 21 days after
receipt of such request or shall not thereafter proceed to cause the meeting to
be held as provided herein, then the Company or the Holders of Securities of
such series in the amount above specified, as the case may be, may determine
the time and the place in the Borough of Manhattan, The City of New York for
such meeting and may call such meeting for such purposes by giving notice
thereof as provided in clause (1) of this Section 15.4.

 

Section 15.3           Persons
Entitled to Vote at Meetings

 

To
be entitled to vote at any meeting of Holders of Securities of any series, a
Person shall be (1) a Holder of one or more Outstanding Securities of such
series, or (2) a Person appointed by an instrument in writing as proxy for
a Holder or Holders of one or more Outstanding Securities of such series by
such Holder or Holders.  The only Persons
who shall be entitled to be present or to speak at any meeting of Holders of
Securities of any series shall be the Persons entitled to vote at such meeting and
their counsel, any representatives of the Trustee and its counsel and any
representatives of the Company and its counsel.

 

Section 15.4           Quorum;
Action

 

The
Persons entitled to vote a majority in principal amount of the Outstanding
Securities of a series shall constitute a quorum for a meeting of Holders of
Securities of such series; provided, however, that if any action is to be taken
at such meeting with respect to a consent or waiver which this Indenture
expressly provides may be given by the Holders of a different percentage in
principal amount of the Outstanding Securities of a series, the Persons
entitled to vote such percentage in principal amount of the Outstanding
Securities of such series shall constitute a quorum.  In the absence of a quorum within 30 minutes
after the time appointed for any such meeting, the meeting shall, if convened
at the request of Holders of Securities of such series, be dissolved.  In any other case the meeting may be
adjourned for a period of not less than 10 days as determined by the
chairman of the meeting prior to the adjournment of such meeting.  In the absence of a quorum at any such
adjourned meeting, such adjourned meeting may be further adjourned for a period
of not less than 10 days as determined by the chairman of the meeting
prior to the adjournment of such adjourned meeting.  Notice of the reconvening of any adjourned
meeting shall be given as provided in Section 15.2(1), except that such
notice need be given only once not less than five days prior to the date on
which the meeting is scheduled to be reconvened.  Notice of the reconvening of an adjourned
meeting shall state expressly the percentage, as provided above, of the
principal amount of the Outstanding Securities of such series which shall
constitute a quorum.

 

86

 

Except
as limited by the proviso to Section 9.2, any resolution presented to a
meeting or adjourned meeting duly reconvened at which a quorum is present as
aforesaid may be adopted only by the affirmative vote of the Holders of a
majority in principal amount of the Outstanding Securities of that series;
provided, however, that, except as limited by the proviso to Section 9.2,
any resolution with respect to any consent or waiver which this Indenture or
any supplemental indenture expressly provides may be given by the Holders of at
least 66-2/3% in principal amount of the Outstanding Securities of a series may
be adopted at a meeting or an adjourned meeting duly convened and at which a
quorum is present as aforesaid only by the affirmative vote of the Holders of
66-2/3% in principal amount of the Outstanding Securities of that series; and
provided, further, that, except as limited by the proviso to Section 9.2,
any resolution with respect to any request, demand, authorization, direction,
notice, consent, waiver or other Act which this Indenture or any supplemental
indenture expressly provides may be made, given or taken by the Holders of a
different specified percentage, which is less than a majority, in principal
amount of the Outstanding Securities of a series, may be adopted at a meeting
or an adjourned meeting duly reconvened and at which a quorum is present as
aforesaid by the affirmative vote of the Holders of such specified percentage
in principal amount of the Outstanding Securities of such series.

 

Any
resolution passed or decision taken at any meeting of Holders of Securities of
any series duly held in accordance with this Section 15.4 shall be binding
on all the Holders of Securities of such series, whether or not such Holders
were present or represented at the meeting.

 

Section 15.5           Determination
of Voting Rights; Conduct and Adjournment of Meetings

 

(1)           Notwithstanding any other provisions
of this Indenture, the Trustee may make such reasonable regulations as it may
deem advisable for any meeting of Holders of Securities of such series in
regard to proof of the holding of Securities of such series and of the
appointment of proxies and in regard to the appointment and duties of
inspectors of votes, the submission and examination of proxies, certificates
and other evidence of the right to vote, and such other matters concerning the
conduct of the meeting as it shall deem appropriate.  Except as otherwise permitted or required by
any such regulations, the holding of Securities shall be proved in the manner
specified in Section 1.4 and the appointment of any proxy shall be proved in
the manner specified in Section 1.4. 
Such regulations may provide that written instruments appointing
proxies, regular on their face, may be presumed valid and genuine without the
proof specified in Section 1.4 or other proof.

 

(2)           The Trustee shall, by an instrument
in writing, appoint a temporary chairman of the meeting, unless the meeting
shall have been called by the Company or by Holders of Securities as provided
in Section 15.2(2), in which case the Company or the Holders of Securities
of the series calling the meeting, as the case may be, shall in 

 

87

 

like
manner appoint a temporary chairman.  A
permanent chairman and a permanent secretary of the meeting shall be elected by
vote of the Persons entitled to vote a majority in principal amount of the
Outstanding Securities of such series represented at the meeting.

 

(3)           At any meeting, each Holder of a
Security of such series or proxy shall be entitled to one vote for each $1,000
principal amount of Securities of such series held or represented by him;
provided, however, that no vote shall be cast or counted at any meeting in
respect of any Security challenged as not Outstanding and ruled by the chairman
of the meeting to be not Outstanding. 
The chairman of the meeting shall have no right to vote, except as a
Holder of a Security of such series or proxy.

 

(4)           Any meeting of Holders of Securities
of any series duly called pursuant to Section 15.2 at which a quorum is
present may be adjourned from time to time by Persons entitled to vote a
majority in principal amount of the Outstanding Securities of such series
represented at the meeting; and the meeting may be held as so adjourned without
further notice.

 

Section 15.6           Counting
Votes and Recording Action of Meetings

 

The
vote upon any resolution submitted to any meeting of Holders of Securities of
any series shall be by written ballots on which shall be subscribed the
signatures of the Holders of Securities of such series or of their
representatives by proxy and the principal amounts and serial numbers of the
Outstanding Securities of such series held or represented by them.  The permanent chairman of the meeting shall
appoint two inspectors of votes who shall count all votes cast at the meeting
for or against any resolution and who shall make and file with the permanent
secretary of the meeting their verified written reports in triplicate of all
votes cast at the meeting.  A record, at
least in triplicate, of the proceedings of each meeting of Holders of
Securities of any series shall be prepared by the permanent secretary of the
meeting and there shall be attached to said record the original reports of the
inspectors of votes on any vote by ballot taken thereat and affidavits by one
or more Persons having knowledge of the facts setting forth a copy of the
notice of the meeting and showing that said notice was given as provided in
Section 15.2 and, if applicable, Section 15.4.  Each copy shall be signed and verified by the
affidavits of the permanent chairman and secretary of the meeting and one such
copy shall be delivered to the Company, and another to the Trustee to be preserved
by the Trustee, the latter to have attached thereto the ballots voted at the
meeting.  Any record so signed and
verified shall be conclusive evidence of the matters therein stated.

 

88

 

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

 

	
   

  	
  CLEAN
  ENERGY FUELS CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
                                                                                                   ,

  
	
   

  	
  as
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

89

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