Document:

EX-4.1 SECURITIES RESOLUTION NO. 8 OF THE COMPANY

Exhibit 4.1

CERTIFIED COPY

OF

SECURITIES RESOLUTION NO. 8

OF

WISCONSIN ELECTRIC POWER COMPANY

     I, KEITH H. ECKE, Assistant Corporate Secretary of WISCONSIN ELECTRIC POWER COMPANY (the
“Company”), do hereby certify that the attached is a true and correct copy of Securities Resolution
No. 8 under the Indenture dated as of December 1, 1995 between the Company and U.S. Bank National
Association, as successor to Firstar Trust Company, as Trustee, which has been duly adopted by the
Vice President and Treasurer of the Company pursuant to authorization delegated to him by the Board
of Directors of the Company at a meeting duly called and held on December 6, 2007; that a quorum of
said Board was present at said meeting and voted throughout; and I do further certify that said
resolution has not been rescinded and remains in full force and effect.

     IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said
WISCONSIN ELECTRIC POWER COMPANY this 1st day of October, 2008.

	 	 	 	 	 
	 	 	 
	 	
/s/ Keith H. Ecke
 	 
	 	Keith H. Ecke 	 
	 	Assistant Corporate Secretary 	 
	 

(CORPORATE SEAL)

 

 

6.00% DEBENTURES DUE APRIL 1, 2014

 

SECURITIES RESOLUTION NO. 8

OF

WISCONSIN ELECTRIC POWER COMPANY

 

          The actions described below are taken by the Board (as defined in the Indenture referred to
below) of WISCONSIN ELECTRIC POWER COMPANY (the “Company”), or by an Officer or committee of
Officers pursuant to Board delegation, pursuant to resolutions adopted by the Board of Directors of
the Company as of December 6, 2007 and Section 2.01 of the Indenture dated as of December 1, 1995
(the “Indenture”) between the Company and U.S. Bank National Association (as successor to Firstar
Trust Company), as trustee. Terms used herein and not defined have the same meaning as in the
Indenture.

	 	 	RESOLVED, that a new series of Securities is authorized as follows:
	 
	1.	 	The title of the series is 6.00% Debentures due April 1, 2014 (“6.00% Debentures”).
	 
	2.	 	The form of the 6.00% Debentures shall be substantially in the form of Exhibit 1 hereto.
	 
	3.	 	The 6.00% Debentures shall have the terms set forth in Exhibit 1.
	 
	4.	 	The 6.00% Debentures shall have such other terms as are set forth in Exhibit 2 hereto.
	 
	5.	 	The 6.00% Debentures shall be sold to the underwriter(s) named in the Prospectus Supplement
dated September 25, 2008 on the following terms:

Aggregate Principal Amount: $300,000,000

Price to Public: 99.806%

Underwriting Discount: 0.600%

Closing Date: October 1, 2008

     This Securities Resolution shall be effective as of September 25, 2008.

 

 

EXHIBIT 1

			
	No.                     
	 	$                    

WISCONSIN ELECTRIC POWER COMPANY

6.00% Debentures due April 1, 2014

WISCONSIN ELECTRIC POWER COMPANY

	 	 	 	 	 
	promises to pay to
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	or registered assigns
	 	 	 	 
	the principal sum of

	 	 	 	Dollars
	 

	 	 	 	 
	on April 1, 2014
	 	 	 	 

	 	  	 
	Interest Payment Dates:

	 	April 1 and October 1
	Record Dates:

	 	March 15 and September 15

	 	 	 
	 

	 	Dated:
	 
	 	 
	U.S. BANK NATIONAL

	 	WISCONSIN ELECTRIC POWER COMPANY
	ASSOCIATION
	 	 
	Transfer Agent and Paying Agent

	 	

by
	 
	 
	 	 
	 

	 	 
	Authenticated:

	 	[Title of Authorized Officer]
	 
	 	 
	U.S. BANK NATIONAL

	 	(CORPORATE SEAL)
	ASSOCIATION

Registrar, by
	 	 
	 
	 
	 	 
	 

	 	 
	Authorized Signature

	 	[Assistant] Secretary

 

 

WISCONSIN ELECTRIC POWER COMPANY

6.00% Debentures due April 1, 2014

	1.	 	Interest.
	 
	 	 	Wisconsin Electric Power Company (the “Company”), a Wisconsin corporation, promises to pay
interest on the principal amount of this Security at the rate per annum shown above. The
Company will pay interest semiannually on April 1 and October 1 of each year commencing April
1, 2009. Interest on the Securities will accrue from the most recent date to which interest
has been paid or, if no interest has been paid, from October 1, 2008. Interest will be
computed on the basis of a 360-day year of twelve 30-day months.
	 
	2.	 	Method of Payment.
	 
	 	 	The Company will pay interest on the Securities to the persons who are registered holders of
Securities at the close of business on the record date for the next interest payment date,
except as otherwise provided in the Indenture. Holders must surrender Securities to a
Paying Agent to collect principal payments. The Company will pay principal and interest in
money of the United States that at the time of payment is legal tender for payment of public
and private debts. The Company may pay principal and interest by check payable in such
money. It may mail an interest check to a holder’s registered address.
	 
	3.	 	Securities Agents.
	 
	 	 	Initially, U.S. Bank National Association will act as Paying Agent, Transfer Agent and
Registrar. The Company may change any Paying Agent or Transfer Agent without notice. The
Company or any Affiliate may act in any such capacity. Subject to certain conditions, the
Company may change the Trustee.
	 
	4.	 	Indenture.
	 
	 	 	The Company issued the securities of this series (the “Securities”) under an Indenture dated
as of December 1, 1995 (the “Indenture”) between the Company and U.S. Bank National
Association (as successor to Firstar Trust Company) (the “Trustee”). The terms of the
Securities include those stated in the Indenture and in the Securities Resolution
establishing the Securities and those made part of the Indenture by the Trust Indenture Act
of 1939 (15 U.S. Code Sections 77aaa-77bbbb). Securityholders are referred to the
Indenture, the Securities Resolution and such Act for a statement of such terms.
	 
	5.	 	Redemption.
	 
	 	 	The Securities will be redeemable as a whole at any time, or in part from time to time, at
the Company’s option, at a redemption price equal to the greater of (a) 100% of the
principal amount of the Securities being redeemed or (b) the sum of the present values of
the remaining scheduled payments of principal and interest thereon (exclusive of interest
accrued to the date of redemption) discounted to the redemption date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate

2

 

	 	 	applicable to the Securities plus 45 basis points, plus accrued interest to the redemption
date.
	 
	 	 	“Comparable Treasury Issue” means the United States Treasury security or securities selected
by an Independent Investment Banker as having an actual or interpolated maturity comparable
to the remaining term of the Securities being redeemed that would be utilized, at the time
of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of a comparable maturity to the remaining term of such Securities.
	 
	 	 	“Comparable Treasury Price” means, with respect to any redemption date, (a) the average of
the Reference Treasury Dealer Quotations for such redemption date, after excluding the
highest and lowest such Reference Treasury Dealer Quotations, or (b) if the Trustee obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations.
	 
	 	 	“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the
Trustee after consultation with the Company.
	 
	 	 	“Reference Treasury Dealer” means Citigroup Global Markets Inc., its successors, and five
other primary U.S. government securities dealers in The City of New York (a “Primary
Treasury Dealer”) selected by us. If any Reference Treasury Dealer shall cease to be a
Primary Treasury Dealer, we will select another Primary Treasury Dealer which will be
substituted for that dealer.
	 
	 	 	“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any redemption date, the average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its
principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30
p.m., New York City time, on the third business day preceding such redemption date.
	 
	 	 	“Treasury Rate” means with respect to any redemption date, the rate per year equal to the
semiannual equivalent yield to maturity or interpolated (on a day count basis) of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as
a percentage of its principal amount) equal to the Comparable Treasury Price for such
redemption date; provided that, if the Reference Treasury Dealers shall determine that there
is no such Comparable Treasury Issue, such rate per year shall be equal to the estimated
semiannual equivalent yield to maturity that a United States Treasury security having a
maturity comparable to the remaining term of the Securities to be redeemed would bear, if
such security were available, such estimate to be made by the Reference Treasury Dealers on
the basis of interpolation, extrapolation and other accepted financial practices, taking
into account (a) the yields to maturity of United States Treasury securities of other
maturities, (b) yields to maturity of other U.S. dollar denominated debt securities having a
maturity comparable to the remaining term of the Securities to be redeemed and
(c) applicable interest rate spreads between United States

3

 

	 	 	Treasury securities and such other debt securities, all as of 5:00 p.m., New York City time,
on the third business day preceding such redemption date.
	 
	 	 	Procedures for the redemption of the Securities will be governed by Article 3 of the
Indenture.
	 
	6.	 	Denominations, Transfer, Exchange.
	 
	 	 	The Securities are in registered form without coupons in denominations of $1,000 and whole
multiples of $1,000. The transfer of Securities may be registered and Securities may be
exchanged as provided in the Indenture. The Transfer Agent may require a holder, among
other things, to furnish appropriate endorsements and transfer documents and to pay any
taxes and fees required by law or the Indenture. The Transfer Agent need not exchange or
register the transfer of any Security or portion of a Security selected for redemption.
Also, it need not exchange or register the transfer of any Securities for a period of 15
days before a selection of Securities to be redeemed.
	 
	7.	 	Persons Deemed Owners.
	 
	 	 	The registered holder of a Security may be treated as its owner for all purposes.
	 
	8.	 	Amendments and Waivers.
	 
	 	 	Subject to certain exceptions, the Indenture or the Securities may be amended with the
consent of the holders of a majority in principal amount of the securities of all series
affected by the amendment. Subject to certain exceptions, a default on a series may be
waived with the consent of the holders of a majority in principal amount of the series.
	 
	 	 	Without the consent of any Securityholder, the Indenture or the Securities may be amended,
among other things, to cure any ambiguity, omission, defect or inconsistency; to provide for
assumption of Company obligations to Securityholders; or to make any change that does not
materially adversely affect the rights of any Securityholder.
	 
	9.	 	Restrictive Covenants.
	 
	 	 	The Securities are unsecured general obligations of the Company initially limited to
$300,000,000 principal amount. The Company may from time to time without notice to, or the
consent of, the holders of the Securities, create and issue further securities of the same
series, equal in rank to the Securities in all respects (or in all respects except for the
payment of interest accruing prior to the issue date of the new securities or except for the
first payment of interest following the issue date of the new securities) so that the new
securities may be consolidated and form a single series with the Securities and have the
same terms as to status, redemption or otherwise as the Securities. The Indenture does not
limit other unsecured debt. Section 4.07 of the Indenture, which if applicable limits
certain mortgages and other liens, will apply with respect to the Securities. The
limitations are subject to a number of important qualifications and exceptions.

4

 

	10.	 	Successors.
	 
	 	 	When a successor assumes all the obligations of the Company under the Securities and the
Indenture, the Company will be released from those obligations.
	 
	11.	 	Defeasance Prior to Redemption or Maturity.
	 
	 	 	Subject to certain conditions, the Company at any time may terminate some or all of its
obligations under the Securities and the Indenture if the Company deposits with the Trustee
money or U.S. Government Obligations for the payment of principal and interest on the
Securities to redemption or maturity. U.S. Government Obligations are securities backed by
the full faith and credit of the United States of America or certificates representing an
ownership interest in such Obligations.
	 
	12.	 	Defaults and Remedies.
	 
	 	 	An Event of Default includes: default for 60 days in payment of interest on the Securities;
default in payment of principal on the Securities; default for 60 days in the payment of any
sinking fund obligation with respect to the Securities; default by the Company for a
specified period after notice to it in the performance of any of its other agreements
applicable to the Securities; certain events of bankruptcy or insolvency; and any other
Event of Default provided for in the series. If an Event of Default occurs and is
continuing, the Trustee or the holders of at least 25% in principal amount of the Securities
may declare the principal of all the Securities to be due and payable immediately.
	 
	 	 	Securityholders may not enforce the Indenture or the Securities except as provided in the
Indenture. The Trustee may require indemnity satisfactory to it before it enforces the
Indenture or the Securities. Subject to certain limitations, holders of a majority in
principal amount of the Securities may direct the Trustee in its exercise of any trust or
power. The Trustee may withhold from Securityholders notice of any continuing default
(except a default in payment of principal or interest) if it determines that withholding
notice is in their interests. The Company must furnish an annual compliance certificate to
the Trustee.
	 
	13.	 	Trustee Dealings with Company.
	 
	 	 	U.S. Bank National Association, the Trustee under the Indenture, in its individual or any
other capacity, may make loans to, accept deposits from, and perform services for the
Company or its Affiliates, and may otherwise deal with those persons, as if it were not
Trustee.
	 
	14.	 	No Recourse Against Others.
	 
	 	 	A director, officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the Indenture or for
any claim based on, in respect of or by reason of such obligations or their creation. Each

5

 

	 	 	Securityholder by accepting a Security waives and releases all such liability. The waiver
and release are part of the consideration for the issue of the Securities.
	 
	15.	 	Authentication.
	 
	 	 	This Security shall not be valid until authenticated by a manual signature of the Registrar.
	 
	16.	 	Abbreviations.
	 
	 	 	Customary abbreviations may be used in the name of a Securityholder or an assignee, such as:
TEN COM (=tenants in common), TEN ENT (=tenants by the entirety), JT TEN (=joint tenants
with right of survivorship and not as tenants in common), CUST (=custodian), U/G/M/A
(=Uniform Gifts to Minors Act), and U/T/M/A (=Uniform Transfers to Minors Act).

The Company will furnish to any Securityholder upon written request and without charge a copy of
the Indenture and the Securities Resolution, which contains the text of this Security in larger
type. Requests may be made to: Corporate Secretary, Wisconsin Electric Power Company, 231 West
Michigan Street, P.O. Box 2046, Milwaukee, WI 53201.

6

 

EXHIBIT 2

6.00% Debentures

Supplemental Terms

     In addition to the terms set forth in Exhibit 1 to Securities Resolution No. 8, the 6.00%
Debentures shall have the following terms:

     Section 1. Definitions. Capitalized terms used and not defined herein shall have the
meaning given such terms in the Indenture. The following is an additional definition applicable to
the 6.00% Debentures:

“Depositary” means, with respect to the 6.00% Debentures, issued as one or more global
Securities, The Depository Trust Company, New York, New York, or any successor thereto
registered under the Securities Exchange Act of 1934 or other applicable statute or
regulation.

     Section 2. Securities Issuable as Global Securities.
 

     (a) The 6.00% Debentures shall be issued in the form of one or more permanent global
Securities and shall, except as otherwise provided in this Section 2, be registered only in the
name of the Depositary or its nominee. Each global Security shall bear a legend substantially to
the following effect:
 

“Unless this certificate is presented by an authorized representative of The Depository Trust
Company, a New York corporation (“DTC”), to the Company or its agent for registration of
transfer, exchange, or payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as is requested by an authorized representative of DTC (and any
payment is made to Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.”
 

     (b) If at any time (i) the Depositary with respect to the 6.00% Debentures notifies the
Company that it is unwilling or unable to continue as Depositary for such global Security or (ii)
the Depositary for the 6.00% Debentures shall no longer be eligible or in good standing under the
Securities Exchange Act of 1934 or other applicable statute or regulation, the Company shall
appoint a successor Depositary with respect to such global Security. If a successor Depositary for
such global Security is not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Transfer Agent shall register the exchange of
such global Security for an equal principal amount of Registered Securities in the manner provided
in Section 2.07 of the Indenture.

 

 

     (c) The Transfer Agent shall register the transfer or exchange of a global Security for
Registered Securities pursuant to Section 2.07 of the Indenture if (i) a Default or Event of
Default shall have occurred and be continuing with respect to the 6.00% Debentures, or (ii) the
Company determines that the 6.00% Debentures shall no longer be represented by global Securities.

     (d) In any exchange provided for in the preceding paragraphs (b) or (c), the Company will
execute and the Registrar will authenticate and deliver Registered Securities. Registered
Securities issued in exchange for a global Security shall be in such names and denominations as the
Depositary for such global Security shall instruct the Registrar. The Registrar shall deliver such
Registered Securities to the persons in whose names such Securities are so registered.

     (e) The 6.00% Debentures will trade in the Depositary’s Same-Day Funds Settlement System.
All payments of principal and interest on global Securities will be made by the Company in
immediately available funds.

2EX-4.3

Exhibit 4.3

FIRST FINANCIAL BANCORP.

Issuer

to

WILMINGTON TRUST COMPANY

Trustee

 

SENIOR INDENTURE

 

Dated as of                     

Senior Debt Securities

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	 	 	1	 
	 
	 	 	 	 
	Section 101. Definitions
	 	 	1	 
	Section 102. Compliance Certificates and Opinions
	 	 	8	 
	Section 103. Form of Documents Delivered to Trustee
	 	 	8	 
	Section 104. Acts of Holders
	 	 	9	 
	Section 105. Notices, Etc., to Trustee and Company
	 	 	11	 
	Section 106. Notice to Holders; Waiver
	 	 	11	 
	Section 107. Language of Notices
	 	 	12	 
	Section 108. Conflict With Trust Indenture Act
	 	 	12	 
	Section 109. Effect of Headings and Table of Contents
	 	 	12	 
	Section 110. Successors and Assigns
	 	 	12	 
	Section 111. Separability Clause
	 	 	12	 
	Section 112. Benefits Of Indenture
	 	 	12	 
	Section 113. Governing Law
	 	 	12	 
	Section 114. Legal Holidays
	 	 	12	 
	 
	 	 	 	 
	ARTICLE TWO SECURITIES FORMS
	 	 	13	 
	 
	 	 	 	 
	Section 201. Forms Generally
	 	 	13	 
	Section 202. Form of Trustee’s Certificate of Authentication
	 	 	13	 
	Section 203. Securities in Global Form
	 	 	13	 
	 
	 	 	 	 
	ARTICLE THREE THE SECURITIES
	 	 	14	 
	 
	 	 	 	 
	Section 301. Amount Unlimited; Issuable in Series
	 	 	14	 
	Section 302. Denominations
	 	 	17	 
	Section 303. Securities in Foreign Countries
	 	 	17	 
	Section 304. Execution, Authentication, Delivery and Dating
	 	 	18	 
	Section 305. Temporary Securities
	 	 	19	 
	Section 306. Registration, Transfer and Exchange
	 	 	20	 
	Section 307. Mutilated, Destroyed, Lost and Stolen Securities
	 	 	22	 
	Section 308. Payment of Interest; Interest Rights Preserved
	 	 	23	 
	Section 309. Persons Deemed Owners
	 	 	25	 
	Section 310. Cancellation
	 	 	25	 
	Section 311. Computation of Interest
	 	 	25	 
	Section 312. CUSIP Numbers
	 	 	25	 
	 
	 	 	 	 
	ARTICLE FOUR SATISFACTION AND DISCHARGE
	 	 	26	 
	 
	 	 	 	 
	Section 401. Satisfaction and Discharge of Indenture
	 	 	26	 
	Section 402. Application of Trust Money
	 	 	27	 
	Section 403. Satisfaction, Discharge and Defeasance of Securities of Any Series
	 	 	27	 
	 
	 	 	 	 
	ARTICLE FIVE REMEDIES
	 	 	29	 
	 
	 	 	 	 
	Section 501. Events of Default
	 	 	29	 
	Section 502. Acceleration of Maturity; Rescission and Annulment
	 	 	30	 
	Section 503. Collection of Indebtedness and Suits For Enforcement By Trustee
	 	 	31	 
	Section 504. Trustee May File Proofs of Claim
	 	 	32	 
	Section 505. Trustee May Enforce Claims Without Possession of Securities or Coupons
	 	 	32	 
	Section 506. Application of Money Collected
	 	 	32	 
	Section 507. Limitation on Suits
	 	 	33	 
	Section 508. Unconditional Right of Holders to Receive Principal, Premium, Interest
and Additional Amounts
	 	 	33	 
	Section 509. Restoration of Rights and Remedies
	 	 	34	 
	Section 510. Rights and Remedies Cumulative
	 	 	34	 

i

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page
	Section 511. Delay or Omission Not Waiver
	 	 	34	 
	Section 512. Control By Holders
	 	 	34	 
	Section 513. Waiver of Past Defaults
	 	 	35	 
	Section 514. Waiver of Stay or Extension Laws
	 	 	35	 
	 
	 	 	 	 
	ARTICLE SIX THE TRUSTEE
	 	 	35	 
	 
	 	 	 	 
	Section 601. Notice of Defaults
	 	 	35	 
	Section 602. Certain Rights of Trustee
	 	 	35	 
	Section 603. Not Responsible For Recitals or Issuance of Securities
	 	 	37	 
	Section 604. May Hold Securities
	 	 	37	 
	Section 605. Money Held In Trust
	 	 	37	 
	Section 606. Compensation and Reimbursement
	 	 	37	 
	Section 607. Corporate Trustee Required; Eligibility; Conflicting Interests
	 	 	38	 
	Section 608. Resignation and Removal; Appointment of Successor
	 	 	38	 
	Section 609. Acceptance of Appointment By Successor
	 	 	39	 
	Section 610. Merger, Conversion, Consolidation or Succession to Business
	 	 	40	 
	Section 611. Appointment of Authenticating Agent
	 	 	41	 
	 
	 	 	 	 
	ARTICLE SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	 	42	 
	 
	 	 	 	 
	Section 701. Company to Furnish Trustee Names and Addresses of Holders
	 	 	42	 
	Section 702. Preservation of Information; Communications to Holders
	 	 	43	 
	Section 703. Reports By Trustee
	 	 	43	 
	Section 704. Reports By Company
	 	 	43	 
	 
	 	 	 	 
	ARTICLE EIGHT CONSOLIDATION, MERGER AND SALES
	 	 	43	 
	 
	 	 	 	 
	Section 801. Company May Consolidate Etc., Only on Certain Terms
	 	 	43	 
	Section 802. Successor Corporation Substituted For Company
	 	 	44	 
	 
	 	 	 	 
	ARTICLE NINE SUPPLEMENTAL INDENTURES
	 	 	44	 
	 
	 	 	 	 
	Section 901. Supplemental Indentures Without Consent of Holders
	 	 	44	 
	Section 902. Supplemental Indentures With Consent of Holders
	 	 	46	 
	Section 903. Execution of Supplemental Indentures
	 	 	47	 
	Section 904. Effect of Supplemental Indentures
	 	 	47	 
	Section 905. Conformity With Trust Indenture Act
	 	 	47	 
	Section 906. Reference in Securities to Supplemental Indentures
	 	 	47	 
	 
	 	 	 	 
	ARTICLE TEN COVENANTS
	 	 	47	 
	 
	 	 	 	 
	Section 1001. Payment of Principal, Premium, If Any, and Interest
	 	 	47	 
	Section 1002. Maintenance of Office or Agency
	 	 	48	 
	Section 1003. Money For Securities Payments to Be Held in Trust
	 	 	48	 
	Section 1004. Additional Amounts
	 	 	50	 
	Section 1005. Statement As To Compliance; Notice of Certain Defaults
	 	 	50	 
	Section 1006. Limitation on Certain Acquisitions
	 	 	51	 
	Section 1007. Payment of Taxes and Other Claims
	 	 	51	 
	Section 1008. Corporate Existence
	 	 	51	 
	Section 1009. Waiver of Certain Covenants
	 	 	51	 
	Section 1010. Calculation of Original Issue Discount
	 	 	51	 
	 
	 	 	 	 
	ARTICLE ELEVEN REDEMPTION OF SECURITIES
	 	 	52	 
	 
	 	 	 	 
	Section 1101. Applicability of Article
	 	 	52	 
	Section 1102. Election To Redeem; Notice To Trustee
	 	 	52	 
	Section 1103. Selection By Trustee of Securities To Be Redeemed
	 	 	52	 

ii

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page
	Section 1104. Notice of Redemption
	 	 	52	 
	Section 1105. Deposit of Redemption Price
	 	 	53	 
	Section 1106. Securities Payable on Redemption Date
	 	 	54	 
	Section 1107. Securities Redeemed in Part
	 	 	54	 
	Section 1108. Conversion Arrangements on Call for Redemption
	 	 	55	 
	 
	 	 	 	 
	ARTICLE TWELVE SINKING FUNDS
	 	 	55	 
	 
	 	 	 	 
	Section 1201. Applicability of Article
	 	 	55	 
	Section 1202. Satisfaction of Sinking Fund Payments With Securities
	 	 	56	 
	Section 1203. Redemption of Securities For Sinking Fund
	 	 	56	 
	 
	 	 	 	 
	ARTICLE THIRTEEN REPAYMENT AT THE OPTION OF HOLDERS
	 	 	56	 
	 
	 	 	 	 
	Section 1301. Applicability of Article
	 	 	56	 
	 
	 	 	 	 
	ARTICLE FOURTEEN MEETINGS OF HOLDERS
	 	 	57	 
	 
	 	 	 	 
	Section 1401. Purposes For Which Meetings May Be Called
	 	 	57	 
	Section 1402. Call, Notice and Place of Meetings
	 	 	57	 
	Section 1403. Persons Entitled To Vote At Meetings
	 	 	57	 
	Section 1404. Quorum; Action
	 	 	58	 
	Section 1405. Determination of Voting Rights; Conduct and Adjournment of Meetings
	 	 	58	 
	Section 1406. Counting Votes and Recording Action of Meetings
	 	 	59	 
	 
	 	 	 	 
	ARTICLE FIFTEEN CONVERSION
	 	 	59	 
	 
	 	 	 	 
	Section 1501. Conversion Privilege
	 	 	59	 
	Section 1502. Manner of Exercise of Convertible Privilege
	 	 	59	 
	Section 1503. Cash Adjustment Upon Conversion
	 	 	60	 
	Section 1504. Conversion Price
	 	 	61	 
	Section 1505. Adjustment of Conversion Price
	 	 	61	 
	Section 1506. Effect of Reclassifications, Consolidations, Mergers or Sales on Conversion Privilege
	 	 	63	 
	Section 1507. Taxes on Conversions
	 	 	64	 
	Section 1508. Company to Reserve Common Stock
	 	 	64	 
	Section 1509. Disclaimer by Trustee of Responsibility for Certain Matters
	 	 	64	 
	Section 1510. Company to Give Notice of Certain Events
	 	 	64	 

iii

 

FIRST FINANCIAL BANCORP.

     Reconciliation and tie between Trust Indenture Act of 1939, as amended, and Senior Indenture,
dated as of                     .

	 	 	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	Section 310	 	(a)(1)
	 	607 
	 	 	(a)(2)
	 	607 
	 	 	(a)(5)
	 	607 
	 	 	(b)
	 	607 
	Section 311	 	(a)
	 	604 
	 	 	(b)
	 	604 
	 	 	(b)(2)
	 	108 
	Section 312	 	(a)
	 	701, 702(a)
	 	 	(b)
	 	702(a)
	 	 	(c)
	 	702(b)
	Section 313	 	(a)
	 	703(a), 703(b)
	 	 	(b)(2)
	 	108 
	 	 	(c)
	 	703(c)
	 	 	(d)
	 	703(c)
	Section 314	 	(a)
	 	704 
	 	 	(c)(1)
	 	102 
	 	 	(c)(2)
	 	102 
	 	 	(c)(3)
	 	108 
	 	 	(e)
	 	102 
	Section 315	 	(a)
	 	108 
	 	 	(b)
	 	601 
	 	 	(c)
	 	108 
	 	 	(d)
	 	108 
	 	 	(d)(1)
	 	108 
	 	 	(d)(2)
	 	108 
	 	 	(d)(3)
	 	108 
	 	 	(e)
	 	108 
	Section 316	 	(a)
	 	104 
	 	 	(a)(1)(A)
	 	512 
	 	 	(a)(1)(B)
	 	513 
	 	 	(b)
	 	508 
	 	 	(e)
	 	104 
	Section 317	 	(a)(1)
	 	505 
	 	 	(a)(2)
	 	504 
	 	 	(b)
	 	1003 
	Section 318	 	(a)
	 	108 

 

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

iv

 

     SENIOR INDENTURE, dated as of                      (the “Indenture”), is made by and between FIRST
FINANCIAL BANCORP., a corporation duly organized and existing under the laws of the State of Ohio
(the “Company”), having its principal office at 4000 Smith Road, Cincinnati, Ohio 45209, and
WILMINGTON TRUST COMPANY, a Delaware banking corporation, having its principal office at 1100 N.
Market Street, Wilmington, Delaware 19890, not in its individual capacity but solely 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 unsecured and unsubordinated debentures, notes or other
evidences of indebtedness (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.

     The Company has duly authorized the execution and delivery of this Indenture and all things
necessary to make this Indenture a valid agreement of the Company, in accordance with its terms,
have been done.

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

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

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

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     Section 101. Definitions.

	 	(1)	 	For all purposes of this Indenture, except as otherwise expressly provided or unless
the context otherwise requires:
	 
	 	(2)	 	the terms defined in this Article have the meanings assigned to them in this Article,
and include the plural as well as the singular;
	 
	 	(3)	 	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;
	 
	 	(4)	 	all accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with generally accepted accounting principles and, except as otherwise
herein expressly provided, the term “generally accepted accounting principles” with
respect to any computation required or permitted hereunder shall mean such accounting
principles as are generally accepted at the date of such computation;

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	 	(5)	 	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;
	 
	 	(6)	 	the word “or” is not exclusive;
	 
	 	(7)	 	all words in the singular include the plural and all words in the plural include the
singular; and
	 
	 	(8)	 	the word “including” means “including without limitations.”

     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 104.

     “Additional Amounts” means any additional amounts which are required hereby or by any
Security, under circumstances specified herein or therein, to be paid by the Company in respect of
certain taxes 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.

     “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 611 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 country of
publication or in the English language, customarily published on each Business Day, whether or not
published on Legal Holidays, 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
Business Day.

     “Bank” means (i) any institution organized under the laws of the United States, any State of
the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam,
American Samoa or the Virgin Islands which (a) accepts deposits that the depositor has a legal
right to withdraw on demand, and (b) engages in the business of making commercial loans and (ii)
any trust company organized under any of the foregoing laws.

     “Bearer Security” means any Security in the form established pursuant to Section 201 which is
payable to bearer.

     “Board Of Directors” means the board of directors of the Company or any committee of that
board duly authorized to act for the Company hereunder.

     “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors, or a duly authorized
committee thereof, and to be in full force and effect on the date of such certification, and
delivered to the Trustee.

2

 

     “Business Day”, except as may otherwise be provided herein or in any Security, means any day,
other than a Saturday or a Sunday, that is neither a Legal Holiday nor a day on which banking
institutions are authorized or required by law, regulation or executive order to close.

     “Called Securities” means any Convertible Security that is called for redemption by the
Company.

     “Capital Stock” means, as to shares of a particular corporation, outstanding shares of stock
of any class whether now or hereafter authorized, irrespective of whether such class shall be
limited to a fixed sum or percentage in respect of the rights of the holders thereof to participate
in dividends and in the distribution of assets upon the voluntary liquidation, dissolution or
winding up of such corporation.

     “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Securities Exchange Act of 1934 or, if at any time after the execution of this
Indenture such Commission is not existing and performing the duties now assigned to it under the
Trust Indenture Act, then the body performing such duties at such time.

     “Common Stock” means all shares now or hereafter authorized of the class of common stock of
the Company presently authorized and stock of any other class into which such shares may hereafter
have been changed.

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

     “Company Request” and “Company Order” mean 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, a Vice Chairman, the
President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an
Assistant Secretary of the Company, and delivered to the Trustee.

     “Convertible Security” or “Convertible Securities” means any Security or Securities, as the
case may be, which are by their terms convertible into Common Stock.

     “Conversion Price” means the price per share of Common Stock from time to time in effect at
which any Convertible Security may be converted into Common Stock as determined by or pursuant to
the terms of this Indenture.

     “Corporate Trust Office” means, the principal office of the Trustee, at which at any
particular time its corporate trust business shall be administered, which office at the date of
original execution of this Indenture is located at Rodney Square North, 1100 N. Market Street,
Wilmington, Delaware 19890, Attention: Corporate Trust Administration.

     “Corporation” includes corporations, associations, companies and business trusts.

     “Coupon” means any interest coupon appertaining to a Bearer Security.

     “Date of Conversion” with respect to any Convertible Security or portion thereof to be
converted, means the date on which such Convertible Security shall be surrendered for conversion
and notice given in accordance with the provisions of Article Fifteen.

     “Defaulted Interest” has the meaning specified in Section 308.

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     “Dollars” or “$” means a dollar or other equivalent unit in the currency of the United States,
except as may otherwise be provided herein or in any Security.

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

     “Government Obligations”, with respect to any Securities unless otherwise specified herein or
therein, means (i) direct obligations of the United States of America or the government or
governments which issued the currency, currency unit or composite currency in which any Securities
are payable, for the payment of which its full faith and credit is pledged or (ii) obligations of a
Person controlled or supervised by and acting as an agency or instrumentality of the United States
of America or such government or governments which issued the currency, currency unit or composite
currency in which such Securities are payable, the payment of which is unconditionally guaranteed
as a full faith and credit obligation by the United States of America or such other government or
governments, which, in either case, are not callable or redeemable at the option of the issuer or
issuers thereof, and shall also include a depository 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 any such Government Obligation held by such custodian for the account of the holder of
a depository receipt, PROVIDED that (except as required by law) such custodian is not authorized to
make any deduction from the amount payable to the holder of such depository receipt from any amount
received by the custodian in respect of the Government Obligation or the specific payment of
interest on or principal of the Government Obligation evidenced by such depository receipt.

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

     “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
applicable provisions hereof, and with respect to any Security shall include the terms of such
Securities established as contemplated by Section 301; 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 the or those particular series of Securities for which such Person is Trustee
established as contemplated by Section 301, exclusive, however, of any provisions or terms which
relate solely to other series of Securities for which such Person is Trustee, regardless of when
such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of
one or more indentures supplemental hereto executed and delivered after such Person had become such
Trustee but to which such Person, as such Trustee, was not a party.

     “Independent Public Accountants” means accountants or a firm of accountants that are
independent public accountants with respect to the Company 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 public accountants regularly retained by the Company or who may be other
independent public accountants. Such accountants or firm shall be entitled to rely upon any Opinion
of Counsel as to the interpretation of any legal matters relating to the Indenture or certificates
required to be provided hereunder.

4

 

     “Interest”, with respect to any Original Issue Discount Security which by its terms bears
interest only after Maturity, means interest payable after Maturity and, with respect to any
Security which provides for the payment of Additional Amounts pursuant to Section 1004, includes
such Additional Amounts.

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

     “Legal Holiday”, except as otherwise may be provided herein or in any Securities, with respect
to any Place of Payment or other location, means a Saturday, a Sunday or a day on which banking
institutions or trust companies in such Place of Payment or other location are not authorized or
obligated to be open.

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

     “Officers’ Certificate” means a certificate signed by the Chairman of the Board, a Vice
Chairman, the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the
Secretary or an Assistant Secretary of the Company, and delivered to the Trustee.

     “Opinion Of Counsel”, except as otherwise provided herein or in any Security, means a written
Opinion of Counsel, who may be an employee of or counsel for the Company or other counsel.

     “Original Issue Discount Security” means a Security issued pursuant to this Indenture which
provides for declaration of an amount less than the principal thereof to be due and payable upon
acceleration pursuant to Section 502.

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

	 	(a)	 	Securities theretofore cancelled by the Trustee or the Security Registrar
or delivered to the Trustee or the Security Registrar for cancellation;
	 
	 	(b)	 	Securities, or portions thereof for whose payment or redemption or
repayment at the option of the Holder money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Company)
in trust or set aside and segregated in trust by the Company (if the Company shall
act as its own Paying Agent) for the Holders of such Securities and any Coupons
appertaining thereto, 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;
	 
	 	(c)	 	Securities, except to the extent provided in Section 403, with respect to
which the Company has effected defeasance and/or covenant defeasance pursuant to
Section 403 hereof; and
	 
	 	(d)	 	Securities which have been paid pursuant to Section 307 or in exchange
for or in lieu of which other Securities have been authenticated and delivered
pursuant to this Indenture, other than any such Securities in respect of which there
shall have been presented to the Trustee proof satisfactory to it that such
Securities are held by a bona fide purchaser in whose hands such Securities are
valid obligations of the Company;

5

 

provided, however, that in determining whether the Holders of the requisite principal amount of
Outstanding Securities have given any request, demand, authorization, direction, notice, consent or
waiver hereunder or are present at a meeting of Holders of Securities for quorum purposes and for
purposes of making the calculations required by Section 313 of the Trust Indenture Act, (i) the
principal amount of an Original Issue Discount Security that may be counted in making such
determination or calculation 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 pursuant to Section 502 at the time of such determination or
calculation, and (ii) the principal amount of any Security denominated other than in Dollars that
may be counted in making such determination or calculation and that shall be deemed outstanding for
such purpose shall be equal to the Dollar equivalent, determined by the Company as of the date such
Security is originally issued by the Company, of the principal amount (or, in the case of an
Original Issue Discount Security, the Dollar equivalent as of such date of original issuance of the
amount determined as provided in clause (i) above) of such Security, and (iii) 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 calculation or relying upon any such request,
demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible
Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned
which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to
the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and
that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of
the Company or such other obligor.

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

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

     “Place Of Payment”, with respect to any Security, means the place or places where the
principal of (and premium, if any) and interest on the Securities of that series are payable as
specified in or pursuant to Section 301(9) or Section 1002.

     “Predecessor Security” of any particular Security means every previous Security evidencing all
or a portion of the same debt as that evidenced by such particular Security; and, for the purposes
of this definition, any Security authenticated and delivered under Section 307 in exchange for or
in lieu of a lost, destroyed, mutilated or stolen Security or any Security to which a mutilated,
destroyed, lost or stolen Coupon appertains shall be deemed to evidence the same debt as the lost,
destroyed, mutilated or stolen Security or the Security to which a mutilated, destroyed, lost or
stolen Coupon appertains.

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

     “Redemption Price”, with respect to any Security or portion thereof to be redeemed, means the
price at which it is to be redeemed as determined by or pursuant to the provisions of this
Indenture.

     “Registered Security” means any Security established pursuant to Section 201 which is
registered and the transfer or exchange thereof is registrable in the Security Register.

6

 

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

     “Responsible Officer” when used with respect to the Trustee means any officer with the
corporate trust department of the Trustee, including the vice president, any assistant vice
president, assistant treasurer, or any other officer of the Trustee who customarily performs
functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of such person’s knowledge
of and familiarity with the particular subjects and who shall have direct responsibility for the
administration of this Indenture.

     “Security” or “Securities” means any Security or Securities, 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 the Indenture as to
which such Person is Trustee shall have the meaning stated in the first recital of this Indenture
and shall more particularly 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” and “Security Registrar” have the respective meanings specified in Section
306.

     “Special Record Date” for the payment of any Defaulted Interest on any registered Security
means a date fixed by the Trustee pursuant to Section 308.

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

     “Subsidiary” means any corporation of which at the time of determination the Company and/or
one or more Subsidiaries owns or controls directly or indirectly more than 50% of the shares of
Voting Stock.

     “Subsidiary Bank” means any Subsidiary which is a Bank.

     “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of
which this instrument was executed, except as provided in Section 905.

     “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 the Trustee with respect to the Securities of that series.

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

     “United States Alien”, except as otherwise provided herein or in any Security, means any
Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident
alien individual, a non-resident alien 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.

7

 

     “U.S. Depository” or “Depository” means, with respect to any Security issuable or issued in
the form of one or more global Securities, the Person designated as U.S. Depository by the Company
pursuant to Section 301, which must be a clearing agency registered under the Securities Exchange
Act of 1934, as amended, and, if so provided pursuant to Section 301 with respect to any Security,
any successor to such Person. If at any time there is more than one such Person, “U.S. Depository”
or “Depository” shall mean, with respect to any Securities, the qualifying entity which has been
appointed with respect to such Securities.

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

     “Voting Stock” means stock of a corporation of the class or classes having general voting
power under ordinary circumstances to elect at least a majority of the board of directors, managers
or trustees of such corporation provided that, for the purposes hereof, stock which carries only
the right to vote conditionally on the happening of an event shall not be considered voting stock
whether or not such event shall have happened.

     Section 102. Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee an Officers’ 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 provided
for in this Indenture and in any applicable Security (except Section 1005) shall include:

	 	(1)	 	a statement that each individual signing such certificate or opinion has read such
condition or covenant and the definitions herein and in any applicable Security relating
thereto;
	 
	 	(2)	 	a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based;
	 
	 	(3)	 	a statement that, in the opinion of each such individual, he has made such
examination or investigation as is necessary to enable him to express an informed opinion
as to whether or not such 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 103. Form of Documents Delivered to Trustee.

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

8

 

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

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

     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 104. Acts of Holders.

     (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by agent
duly appointed in writing. If, but only if, Securities of a series are issuable as Bearer
Securities, any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders of Securities of such series may,
alternatively, be embodied in and evidenced by the record of Holders of Securities of such series
voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting
of Holders of Securities of such series duly called and held in accordance with the provisions of
Article Fourteen, or a combination of such instruments and any such 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 and any such record (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the
Holders signing such instrument or instruments and 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. The record of
any meeting of Holders of Securities shall be proved in the manner provided in Section 1406.

     Without limiting the generality of this Section 104, unless otherwise established in or
pursuant to a Board Resolution or set forth or determined in an Officers’ Certificate, or
established in one or more indentures supplemental hereto, pursuant to Section 301, a Holder,
including a U.S. Depository 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 action provided in this Indenture to be made, given or taken by
Holders, and a U.S. Depository 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.
Depository’s standing instructions and customary practices.

     The Trustee shall fix a record date, which shall be not more than 30 days prior to the first
solicitation of such Holders, for the purpose of determining the Persons who are beneficial owners
of interest in any permanent global Security held by a U.S. Depository entitled under the
procedures of such U.S.

9

 

Depository to make, give or take, by a proxy or proxies duly appointed in writing, any
request, demand, authorization, direction, notice, consent, waiver or other action provided in this
Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on
such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled
to make, give or take such request, demand, authorization, direction, notice, consent, waiver or
other action, whether or not such Holders remain Holders after such record date. No such request,
demand, authorization, direction, notice, consent, waiver or other action shall be valid or
effective if made, given or taken more than 90 days after such record date.

     (b) The fact and date of the execution by any Person of any such instrument or writing 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.

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

     (d) The ownership, principal amount and serial numbers of Bearer Securities held by any
Person, and the date of the commencement and the date of termination of holding the same, may be
proved by the production of such Bearer Securities or by a certificate executed, as depositary, by
any Bank, banker or other depositary reasonably acceptable to the Company, wherever situated, if
such certificate shall be deemed by the Trustee to be satisfactory, showing that at the date
therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer
Securities therein described; or such facts may be proved by the certificate or affidavit of the
Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to
be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer Security
continues until (1) another certificate or affidavit bearing a later date issued in respect of the
same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some
other Person, or (3) such Bearer Security is surrendered in exchange for a Registered Security, or
(4) such Bearer Security is no longer Outstanding. The principal amount and serial numbers of
Bearer Securities held by the Person so executing such instrument or writing and the date of the
commencement and the date of termination of holding the same may also be proved in any other manner
which the Trustee deems sufficient.

     (e) If the Company shall solicit from the Holders of any Registered Securities any request,
demand, authorization, direction, notice, consent, waiver or other Act, the Company may at their
option, by Board Resolutions, fix in advance a record date, which shall be not more than 30 days
prior to the first solicitation of such Holders, for the determination of Holders of Registered
Securities entitled to give such request, demand, authorization, direction, notice, consent, waiver
or other Act, but the Company shall have no obligation to do so. If such a record date is fixed,
such request, demand, authorization, direction, notice, consent, waiver or other 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 purposes 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
no such authorization, agreement or consent of 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.

     (f) Any request, demand, authorization, direction, notice, consent, waiver or other action by
the Holder of any Security shall bind every future Holder of the same Security and the Holder of
every

10

 

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 action is made
upon such Security.

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

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

	 	(1)	 	the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee at its
Corporate Trust Office, or
	 
	 	(2)	 	the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to the Company addressed to the attention of its Treasurer at
the address of its principal office specified in the first paragraph of this Indenture or
at any other address previously furnished in writing to a Responsible Officer of the
Trustee by the Company.

     Section 106. Notice to Holders; Waiver.

     Except as otherwise expressly provided herein or in any Security, where this Indenture
provides for notice to Holders of any event,

	 	(1)	 	such notice shall be sufficiently given to Holders of Registered Securities if in
writing and mailed, first-class postage prepaid, to each Holder of a 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; and
	 
	 	(2)	 	such notice shall be sufficiently given to Holders of Bearer Securities, if any, if
published in an Authorized Newspaper and, if such Securities are then listed on any stock
exchange outside the United States, in an Authorized Newspaper in such city as the Company
shall advise the Trustee that such stock exchange so requires, on a Business Day at least
twice, the first such publication to be not earlier than the earliest date and not later
than the latest date prescribed for the giving of such notice.
	 
	 	(3)	 	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 or the sufficiency of any notice to
Holders of Bearer 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.

     In case by reason of the suspension of publication of any Authorized Newspaper or Authorized
Newspapers or by reason of any other cause it shall be impracticable to publish any notice to
Holders of Bearer Securities as provided above, then such notification to Holders of Bearer
Securities as shall be given with the approval of the Trustee shall constitute sufficient notice to
such Holders for every purpose hereunder. Neither failure to give notice by publication to Holders
of Bearer Securities as provided above,

11

 

nor any defect in any notice so published, shall affect the sufficiency of any notice mailed
to Holders of Registered Securities as provided above.

     Where this Indenture provides for notice in any manner, such notice may be waived in writing
by the Person entitled to receive such notice, either before or after the event, and such waiver
shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver.

     Section 107. 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.

     Section 108. Conflict With Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with the duties imposed pursuant to
Section 318(c) of the Trust Indenture Act, such imposed duties shall control.

     Section 109. 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 110. 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 111. Separability Clause.

     In case any provision in this Indenture, any Security or any Coupon 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 112. Benefits Of Indenture.

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

     Section 113. Governing Law.

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

     Section 114. Legal Holidays.

     In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any
Security, or the last day on which a Holder has the right to convert these Securities, is not a
Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture,
any Security or Coupon

12

 

other than a provision in any Security or any Coupon that specifically states that such
provision shall apply in lieu of this Section) payment of interest or any Additional Amounts or
principal (and premium, if any) or conversion of the Securities need not be made at such Place of
Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment
with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at
the Stated Maturity, or the last such day of conversion, and no interest shall accrue on the amount
so payable for the period from and after such Interest Payment Date, Redemption Date or Stated
Maturity, as the case may be.

ARTICLE TWO

SECURITIES FORMS

     Section 201. Forms Generally.

     Each Registered Security, Bearer Security, Coupon and temporary global Security issued
pursuant to this Indenture shall be in the form established by or pursuant to a Board Resolution or
in one or more indentures supplemental hereto, shall have appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture or any indenture
supplemental hereto and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may, consistently herewith, be determined by the officers
executing such Security, as evidenced by their execution of such Security.

     Definitive Securities and definitive Coupons 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 or Coupons, as evidenced by their execution of such Securities or Coupons.

     Section 202. Form of Trustee’s Certificate of Authentication.

     Subject to Section 611, 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.

	 	 	 	 	 	 	 
	Dated:	 	WILMINGTON TRUST COMPANY,	 	 
	 	 	not in its individual capacity but solely as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/
 

Authorized Signatory
	 	 

	 	 	Section 203. Securities in Global Form.

     If Securities of a series are issuable in global form, any such Security may provide that it
shall represent the aggregate amount of Outstanding Securities of such series 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. Any
endorsement of any Security in global form 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

13

 

or Persons as shall be specified therein or in the Company Order to be delivered pursuant to
Section 304 or 305 with respect thereto. Subject to the provisions of Section 304 and, if
applicable, Section 304, 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 304 or 305 has been, or
simultaneously is, delivered, any instructions by the Company with respect to a Security in global
form shall be in writing but need not comply with Section 102 and need not be accompanied by an
Opinion of Counsel.

     The provisions of the immediately preceding sentence shall apply to any Security represented
by a Security in global form if such Security was never issued and sold by the Company and the
Company delivers to the Trustee the Security in global form together with written instructions
(which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with
regard to the reduction in the principal amount of Securities represented thereby, together with
the written statement contemplated by the immediately preceding sentence.

     Notwithstanding the provisions of Section 308, unless otherwise specified as contemplated by
Section 301, payment of principal of and any premium and interest on any Security in permanent
global form shall be made to the Person or Persons specified therein.

     Notwithstanding the provisions of Section 310 and except as provided in the preceding
paragraph, the Company, the Trustee and any agent of the Company and the Trustee shall treat as the
Holder of such principal amount of Outstanding Securities represented by a permanent global
Security (i) in the case of a permanent global Security in registered form, the Holder of such
permanent global Security in registered form, or (ii) in the case of a permanent global Security in
bearer form, the Person or Persons specified pursuant to Section 301.

ARTICLE THREE

THE SECURITIES

     Section 301. Amount Unlimited; Issuable in Series.

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

     The Securities may be issued in one or more series. There shall be established in or pursuant
to one or more Board Resolutions, and set forth in an Officers’ Certificate, or established in one
or more indentures supplemental hereto,

	 	(1)	 	the title of the Securities and the series in which such Securities shall be
included;
	 
	 	(2)	 	any limit upon the aggregate principal amount of the Securities of such title or 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 the series pursuant to Section 305, 306,
307, 906, 1107 or 1502 or the terms of such Securities);
	 
	 	(3)	 	whether Securities of the series are to be issuable as Registered Securities, Bearer
Securities or both and, if the Securities are to be issuable exclusively or alternatively
as Bearer Securities, whether the Bearer Securities are to be issuable with Coupons,
without Coupons or both, and any restrictions applicable to the offer, sale delivery or
conversion of the Bearer Securities and

14

 

	 	 	 	the terms, if any, upon which Bearer Securities may be exchanged for Registered
Securities and vice versa;

	 	(4)	 	whether any Securities of the series are to be issuable initially or otherwise in
global form and, if so, (i) whether beneficial owners of interests in any such global
Security may exchange such interest for Securities of such series and of like tenor 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 306, (ii) the name of the
depository or the U.S. Depository, as the case may be, with respect to any global Security
and (iii) the manner in which interest payable on a global Security will be paid;
	 
	 	(5)	 	the date as of which any Bearer Securities of the series and any global Security
representing Outstanding Securities of the series shall be dated if other than the date of
original issuance of the first Security of the series to be issued;
	 
	 	(6)	 	if Securities of the series are to be issuable as Bearer Securities, whether interest
in respect of any portion of a temporary Bearer Security in global form (representing all
of the Outstanding Bearer Securities of the series) payable in respect of an Interest
Payment Date prior to the exchange of such temporary Bearer Security for definitive
Securities of the series shall be paid to any clearing organization with respect to the
portion of such temporary Bearer Security held for its account and, in such event, the
terms and conditions (including any certification requirements) upon which any such
interest payment received by a clearing organization will be credited to the Persons
entitled to interest payable on such Interest Payment Date;
	 
	 	(7)	 	the date or dates, or the method, if any, by which such date or dates shall be
determined, on which the principal of such Securities is payable;
	 
	 	(8)	 	the rate or rates at which such Securities shall bear interest, if any, or the
method, 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, 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, and the basis upon
which interest shall be calculated if other than that of a 360-day year of twelve 30-day
months;
	 
	 	(9)	 	the place or places, if any, where the principal of (and premium, if any) and
interest (including Additional Amounts), if any, on such Securities shall be payable, any
Registered Securities of the series may be surrendered for registration of transfer,
Securities of the series may be surrendered for exchange or conversion and notices or
demands to or upon the Company in respect of the Securities of the series and this
Indenture may be served;
	 
	 	(10)	 	whether the Securities of the series or any of them are to be redeemable at the
option of the Company and, if so, 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;
	 
	 	(11)	 	whether the Company is obligated to redeem, or purchase Securities of the series or
any of them pursuant to any sinking fund or at the option of any Holder thereof and, if
so, 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

15

 

	 	 	 	obligation, and any provisions for the remarketing of the Securities of the series so
redeemed or purchased;
	 
	 	(12)	 	the denominations in which Registered Securities of the series, if any, shall be
issuable if other than denominations of $1,000 and any integral multiple thereof, and the
denominations in which Bearer Securities of the series, if any, shall be issuable if other
than the denomination of $5,000;
	 
	 	(13)	 	if other than the principal amount thereof, the portion of the principal amount of
the Securities of the series of any of them which shall be payable upon declaration of
acceleration of the Maturity thereof pursuant to Section 502 or the method by which such
portion is to be determined;
	 
	 	(14)	 	if other than such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public or private debts, the coin or currency,
composite currencies or currency unit or units in which payment of the principal of (and
premium, if any) or interest, if any, on or any Additional Amounts in respect of the
Securities of the series or any of them shall be payable;
	 
	 	(15)	 	if the principal of (and premium, if any) or interest, if any, on or any Additional
Amounts in respect of the Securities of the series or any of them are to be payable, at
the election of the Company or a Holder thereof, in a coin or currency, composite
currencies or currency unit or units other than that in which the Securities of the series
or any of them are stated to be payable, the period or periods within which, and the terms
and conditions upon which, such election may be made;
	 
	 	(16)	 	whether the amount of payments of principal of (and premium, if any) or interest
(including Additional Amounts), if any, on the Securities of the series may be determined
with reference to an index, formula or other method (which index, formula or method may be
based, without limitation, on one or more currencies, currency units, composite
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
payable;
	 
	 	(17)	 	whether the principal of (and premium, if any) or interest (including Additional
Amounts), if any, on the Securities of the series are to be payable, at the election of
the Company or any Holder thereof or otherwise, in a currency or currencies, currency unit
or units or composite currency or currencies other than that in which such Securities or
any of them are denominated or stated to be payable, the period or periods within which,
and the other terms and conditions upon which, such election, if any, may be made, and the
time and manner of determining the exchange rate between the currency or currencies,
currency unit or units or composite currency or currencies in which such Securities or any
of them are denominated or stated to be payable and the currency or currencies, currency
unit or units or composite currency or currencies in which such Securities or any of them
are to be so payable;
	 
	 	(18)	 	any deletions from, modifications of or additions to the Events of Default or
covenants of the Company with respect to the Securities of the series or any of them,
whether or not such Events of Default or covenants are consistent with the Events of
Default or covenants set forth herein;
	 
	 	(19)	 	the applicability, if any, of Section 403 to the Securities of the series and any
provisions in modification of, in addition to or in lieu of any of the provisions of
Section 403;

16

 

	 	(20)	 	if the Securities of the series or any of them are to be issued upon the exercise of
warrants, the time, manner and place for such Securities to be authenticated and
delivered;
	 
	 	(21)	 	if the Securities of the series are to be issuable in definitive form (whether upon
original issue or upon exchange of a temporary Security of such series) only upon receipt
of certain certificates or other documents or satisfaction of other conditions, then the
form and terms of such certificates, documents or conditions;
	 
	 	(22)	 	if there is more than one Trustee, the identity of the Trustee and, if not the
Trustee, the identity of each Security Registrar, Paying Agent and/or Authenticating Agent
with respect to the Securities of the series;
	 
	 	(23)	 	whether any of the Securities of a series shall be issued as Original Issue Discount
Securities; and
	 
	 	(24)	 	any other terms of the Securities of the series or any of them (which terms shall not
be inconsistent with the provisions of this Indenture).

     All Securities of any one series and Coupons appertaining to Bearer Securities of such series,
if any, shall be substantially identical except as to denomination and the rate or rates of
interest, if any, and Stated Maturity, the date from which interest, if any, shall accrue and
except as may otherwise be provided by the Company in or pursuant to one or more Board Resolutions
and set forth in such Officers’ Certificate or in any indenture or indentures supplemental hereto
pertaining to such series of Securities. 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.

     If any of the terms of the Securities of any series were 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 Officers’ Certificate setting forth the terms of such series.

     Notwithstanding
 anything other provision of this Indenture, so long as a series of Securities is a global
Security, the parties hereto will be bound at all times by the applicable procedures of
the Depository with respect to such series.

     Section 302. Denominations.

     Unless otherwise established with respect to any Securities pursuant to Section 301, the
Registered Securities of each series, if any, denominated in Dollars shall be issuable in
registered form without coupons in denominations of $1,000 and any integral multiple thereof, and
the Bearer Securities of each series, if any, denominated in Dollars shall be issuable in the
denomination of $5,000. Securities not denominated in Dollars shall be issuable in such
denominations as are established with respect to such Securities pursuant to Section 301.

     Section 303. Securities in Foreign Countries.

     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 in the form of Security of any particular series, any amount in respect
of any Security denominated in a currency other than United States dollars shall be treated for any
such action or distribution as that amount of United States 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

17

 

Company may specify in a written notice to the Trustee or, in the absence of such written
notice, as the Trustee may determine.

     Section 304. Execution, Authentication, Delivery and Dating.

     The Securities and any Coupons appertaining thereto shall be executed on behalf of the Company
by its Chairman of the Board, Deputy Chairman, one of its Vice Chairmen, its President or one of
its Vice Presidents under its corporate seal reproduced thereon and attested by its Secretary or
one of its Assistant Secretaries. The signature of any of these officers on the Securities and any
Coupons appertaining thereto may be manual or facsimile.

     Securities and Coupons 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.

     At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series, together with any Coupons appertaining thereto,
executed by the Company, to the Trustee for authentication, and, provided that the Board Resolution
or Resolutions and Officers’ Certificate or supplemental indenture or indentures with respect to
such Securities referred to in Section 301 and a Company Order for the authentication and delivery
of such Securities, has been delivered to the Trustee, the Trustee in accordance with the Company
Order and subject to the provisions hereof 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 and any Coupons appertaining thereto, the Trustee
shall be entitled to receive, and (subject to Sections 315(a) through 315(b) of the Trust Indenture
Act) shall be fully protected in relying upon,

	 	(1)	 	an Opinion of Counsel stating, to the effect

	 	(a)	 	that the form or forms and terms of such Securities and Coupons, if any,
have been established in conformity with the provisions of this Indenture;
	 
	 	(b)	 	that all conditions precedent to the authentication and delivery of such
Securities and Coupons, if any, appertaining thereto, have been complied with and
that such Securities, and Coupons, when completed by appropriate insertion and
executed and delivered by the Company to the Trustee for authentication pursuant to
this Indenture, and authenticated and delivered by the Trustee and issued by the
Company in the manner and subject to any conditions specified in such Opinion of
Counsel, will constitute legally valid and binding obligations of the Company,
enforceable against the Company in accordance with their terms, subject to
bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other
similar laws affecting the enforcement of creditors’ rights generally, and subject
to general principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law) and will entitle the Holders thereof to the benefits
of the Indenture; such Opinion of Counsel need express no opinion as to the
availability of equitable remedies;
	 
	 	(c)	 	that all laws and requirements in respect of the execution and delivery
by the Company of such Securities and Coupons, if any, have been complied with; and
	 
	 	(d)	 	as to such other matters as the Trustee may reasonably request; and

18

 

	 	(2)	 	an Officers’ Certificate stating that, to the best knowledge of the Persons executing
such certificate, no Event of Default with respect to any of the Securities shall have
occurred and be continuing.

     If all the Securities of any series are not to be issued at one time, it shall not be
necessary to deliver an Opinion of Counsel and an Officers’ Certificate at the time of issuance of
each Security, but such opinion and certificate, with appropriate modifications, shall be delivered
at or before the time of issuance of the first Security of such series.

     The Trustee shall not be required to authenticate or to cause an Authenticating Agent to
authenticate any 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 or if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the Trustee in good faith
shall determine that such action would expose the Trustee to personal liability to existing
Holders.

     Each Registered Security shall be dated the date of its authentication. Each Bearer Security
and any temporary Bearer Security in global form shall be dated as of the date specified as
contemplated by Section 301.

     No Security or Coupon 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 202 or 611 executed by or on behalf of the
Trustee by the manual signature of one of its authorized officers, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such Security has been duly
authenticated and delivered hereunder. Except as permitted by Section 307 or 308, the Trustee shall
not authenticate and deliver any Bearer Security unless all appurtenant Coupons for interest then
matured have been detached and cancelled.

     Section 305. Temporary Securities.

     Pending the preparation of definitive Securities of any series, 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 304, temporary Securities of such series 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 or, if authorized, in bearer form with one or more Coupons or without Coupons 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. In the case of Securities of any series, such temporary Securities may be in
global form.

     Except in the case of temporary Securities in global form, which shall be exchanged in
accordance with the provisions thereof, if temporary Securities of any series are issued, the
Company shall cause definitive Securities of such series to be prepared without unreasonable delay.
After the preparation of definitive Securities of any series, the temporary Securities of such
series, if any, shall be exchangeable upon request for definitive Securities of such series
containing identical terms and provisions upon surrender of the temporary Securities of such series
at an office or agency of the Company maintained for such purpose pursuant to Section 1002, without
charge to any Holder. Upon surrender for cancellation of any one or more temporary Securities of
any series (accompanied by any unmatured Coupons appertaining thereto), 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 containing identical terms and
provisions; PROVIDED, HOWEVER, that no definitive

19

 

Bearer Security, except as provided pursuant to Section 301, shall be delivered in exchange
for a temporary Registered Security; and PROVIDED, FURTHER, that a definitive Bearer Security shall
be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set
forth herein or therein. Unless otherwise specified as contemplated by Section 301 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 306. Registration, Transfer and Exchange.

     With respect to the Registered Securities of each series, if any, the Company shall cause to
be kept, at an office or agency of the Company maintained pursuant to Section 1002, a register
(each such register being herein sometimes referred to as the “Security Register”) in which,
subject to such reasonable regulations as it may prescribe, the Company shall provide for the
registration of the Registered Securities of each series and of transfers of the Registered
Securities of such series. In the event that the Trustee shall not be the Security Registrar, it
shall have the right to examine the Security Register at all reasonable times. First Financial
Bank, National Association, Cincinnati, Ohio is hereby initially appointed as Security Registrar
for each series of Securities. In the event that First Financial Bank, National Association shall
cease to be Security Registrar with respect to a series of Securities, the Trustee shall have the
right to examine the Security Register for such series at all reasonable times.

     Upon surrender for registration of transfer of any Registered Security of any series at any
office or agency of the Company maintained for such series pursuant to Section 1002, the Company
shall execute, and the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Registered Securities of the same series of any
authorized denominations, of a like aggregate principal amount bearing a number not
contemporaneously outstanding and containing identical terms and provisions.

     At the option of the Holder, Registered Securities of any series may be exchanged for other
Registered Securities of the same series containing identical terms and provisions, in any
authorized denominations, and of a like aggregate principal amount, upon surrender of the
Securities to be exchanged at any such office or agency. Whenever any Registered Securities are so
surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and
deliver, the Registered Securities which the Holder making the exchange is entitled to receive.

     If specified as contemplated by Section 301 with respect to Securities of any series, at the
option of the Holder, Bearer Securities of such series may be exchanged for Registered Securities
of such series containing identical terms and provisions, of any authorized denominations and
aggregate principal amount, upon surrender of the Bearer Securities to be exchanged at any such
office or agency for such series, with all unmatured Coupons and all matured Coupons in default
thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured
Coupon or Coupons or matured Coupon or Coupons in default, such exchange may be effected if the
Bearer Securities are accompanied by payment in funds acceptable to the Company and the Trustee in
an amount equal to the face amount of such missing Coupon or Coupons, or the surrender of such
missing Coupon or Coupons may be waived by the Company and the Trustee if there is furnished to
them such Security or indemnity as they may require to save each of them and any Paying Agent
harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any such
missing Coupon in respect of which such a payment shall have been made, such Holder shall be
entitled to receive the amount of such payment; PROVIDED, HOWEVER, that, except as otherwise
provided in Section 1002, interest represented by Coupons shall be payable only upon presentation
and surrender of those Coupons at an office or agency for such series located outside the United
States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at
any such office or agency in exchange for a Registered Security of such series and like

20

 

tenor after the close of business at such office or agency on (i) any Regular Record Date and
before the opening of business at such office or agency on the relevant Interest Payment Date, or
(ii) any Special Record Date and before the opening of business at such office or agency on the
related date for payment of Defaulted Interest, such Bearer Security shall be surrendered without
the Coupon relating to such Interest Payment Date or proposed date of payment, as the case may be
(or, if such Coupon is so surrendered with such Bearer Security, such Coupon shall be returned to
the person so surrendering the Bearer Security), and interest or Defaulted Interest, as the case
may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case
may be, in respect of the Registered Security issued in exchange for such Bearer Security, but will
be payable only to the Holder of such Coupon when due in accordance with the provisions of this
Indenture.

     If specified as contemplated by Section 301 with respect to Securities of any series, at the
option of the Holder, Registered Securities of such series may be exchanged for Bearer Securities
upon such terms and conditions as may be provided pursuant hereto with respect to such series.

     Whenever any Securities are so surrendered for exchange as contemplated by the immediately
preceding two paragraphs, the Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Holder making the exchange is entitled to receive.

     Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 301,
any global Security of any series shall be exchangeable for Securities of such series only if (i)
the  Depository is at any time unwilling or unable or ineligible to continue as
Depository and a successor depository is not appointed by the Company within 90 days of
the date the Company is so notified in writing, (ii) the Company executes and delivers to the
Trustee a Company Order to the effect that such global Security shall be so exchangeable, or (iii)
an Event of Default has occurred and is continuing with respect to the Securities. If the
beneficial owners of interests in a global Security are entitled to exchange such interests for
Securities of such series and of like tenor and principal amount of any authorized form and
denomination, as specified as contemplated by Section 301, then without unnecessary delay but in
any event not later than the earliest date on which such interests may be so exchanged, the Company
shall deliver to the Trustee definitive Securities of that series in aggregate principal amount
equal to the principal amount of such global Security, executed by the Company. On or after the
earliest date on which such interests may be so exchanged, such global Security shall be
surrendered from time to time by the U.S. Depository or such other depository as shall be specified
in the Company Order with respect thereto, and in accordance with instructions given to the Trustee
and the U.S. Depository or such other depository, as the case may be (which instructions shall be
in writing but need not comply with Section 102 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 of the same
series 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 which (unless the Securities of such series are not
issuable both as Bearer Securities and as Registered Securities, in which case the definitive
Securities exchanged for the global Security shall be issuable only in the form in which the
Securities are issuable, as specified as contemplated by Section 301) shall be in the form of
Bearer Securities or Registered Securities, or any combination thereof, as shall be specified by
the beneficial owner thereof; 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 such series to
be redeemed and ending on the relevant Redemption Date; and provided, further, that (unless
otherwise specified as contemplated by Section 301) no Bearer Security delivered in exchange for a
portion of a global Security shall be mailed or otherwise delivered to any location in the United
States. Promptly following any such exchange in part, such global Security shall be returned by the
Trustee to such Depository or the U.S.

21

 

Depository, as the case may be, or such other Depository or U.S. Depository referred to above
in accordance with the instructions of the Company referred to above. If a Registered Security is
issued in exchange for any portion of a global Security after the close of business at the office
or agency where such exchange occurs on (i) any Regular Record Date and before the opening of
business at such office or agency on the relevant Interest Payment Date, or (ii) any Special Record
Date 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 will not be payable on such
Interest Payment Date or proposed date for payment, as the case may be, in respect of such
Registered Security, but will 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 is payable in accordance with the provisions of this Indenture.

     All Securities endorsed thereon issued upon any registration of transfer or exchange of
Securities shall be the valid 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, redemption or conversion shall (if so required by the Company or the Security Registrar
for such series of Security presented) be duly endorsed, or be accompanied by a written instrument
of transfer in form satisfactory to the Company and such Security Registrar duly executed by the
Holder thereof or his attorney duly authorized in writing.

     No service charge shall be made for any registration of transfer or exchange, redemption or
conversion of Securities, but the Company may require payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in connection with any registration of transfer or
exchange of Securities, other than exchanges pursuant to Section 305, 906 or 1107 not involving any
transfer.

     Except as otherwise specified as contemplated by Section 301, the Company shall not be
required (i) to issue, register the transfer of or exchange any Securities of any series during a
period beginning at the opening of business 15 days before the day of the selection for redemption
of Securities of such series under Section 1103 and ending at the close of business on the day of
such selection, or (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 exchange any Bearer Security so selected for
redemption except, to the extent provided with respect to such Security, that such a Bearer
Security may be exchanged for a Registered Security of that series, provided that such Registered
Security shall be immediately surrendered for redemption with written instruction for payment
consistent with the provisions of this Indenture or (iv) to issue, register the transfer of or
exchange any Security which, in accordance with its terms specified as contemplated by Section 301,
has been surrendered for repayment at the option of the Holder, except the portion, if any, of such
Security not to be repaid.

     Section 307. Mutilated, Destroyed, Lost and Stolen Securities.

     If any mutilated Security or a Security with a mutilated Coupon appertaining to it is
surrendered to the Trustee, subject to the provisions of this Section 307, 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, with Coupons corresponding to the Coupons, if any, appertaining to
the surrendered Security.

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     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 or Coupon, and (ii) such Security or indemnity as
may be required by them to save each of them and any agent of either of them harmless, then, in the
absence of notice to the Company or the Trustee that such Security or Coupon has been acquired by a
bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate
and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security
or in exchange for the Security to which a destroyed, lost or stolen Coupon appertains with all
appurtenant Coupons not destroyed, lost or stolen, a new Security of the same series containing
identical terms and of like principal amount and bearing a number not contemporaneously
outstanding, with Coupons corresponding to the Coupons, if any, appertaining to such destroyed,
lost or stolen Security or to the Security to which such destroyed, lost or stolen Coupon
appertains.

     Notwithstanding the foregoing provisions of this Section 307, in case any such mutilated,
destroyed, lost or stolen Security or Coupon 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 or Coupon;
PROVIDED, HOWEVER, that payment of principal of (and premium, if any) and any interest on Bearer
Securities shall, except as otherwise provided in Section 1002, be payable only at an office or
agency located outside the United States and, unless otherwise specified as contemplated by Section
301, any interest on Bearer Securities shall be payable only upon presentation and surrender of the
Coupons appertaining thereto.

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

     Every new Security of any series, with its Coupons, if any, issued pursuant to this Section in
lieu of any destroyed, lost or stolen Security and its Coupons, if any, or the destroyed, lost or
stolen Coupon shall constitute a separate obligation of the Company, whether or not the destroyed,
lost or stolen Security and its Coupons, if any, or the destroyed, lost or stolen Coupon shall be
at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Securities of that series and their Coupons, if
any.

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

     Section 308. Payment of Interest; Interest Rights Preserved.

     Unless otherwise specified as contemplated by Section 301, interest on any Registered Security
which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall
be paid to the Person in whose name that Security (or one or more Predecessor Securities) is
registered as of the close of business on the Regular Record Date for such interest. In case a
Bearer Security of any series is surrendered in exchange for a Registered Security of such series
after the close of business (at an office or agency in a Place of Payment for such series) on any
Regular Record Date and before the opening of business (at such office or agency) on the next
succeeding Interest Payment Date, such Bearer Security shall be surrendered without the Coupon
relating to such Interest Payment Date and interest will not be payable on such Interest Payment
Date in respect of the Registered Security issued in exchange of such Bearer Security, but will be
payable only to the Holder of such Coupon when due in accordance with the provisions of this
Indenture.

23

 

     Any interest on any Registered Security of any series 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 on the
relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may
be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

	 	(1)	 	The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Registered Securities affected (or their respective Predecessor
Securities) are registered at the close of business on a Special Record Date for the
payment of such Defaulted Interest, which shall be fixed in the following manner. The
Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed
to be paid on each such 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. Money will be held in trust for the benefit of the Persons entitled to
such Defaulted Interest as in this Clause provided. Thereupon, the Trustee shall fix a
Special Record Date for the payment of such Defaulted Interest which shall be not more
than 15 days and not less than 10 days prior to the date of the proposed payment and not
less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such Special Record Date and, in the name
and at the expense of the Company shall cause notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage
prepaid, to each Holder of such Registered Securities at his address as it appears in the
Security Register not less than 10 days prior to such Special Record Date. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor having
been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose
names such Registered Securities (or their respective Predecessor Securities) are
registered at the close of business on such Special Record Date and shall no longer be
payable pursuant to the following Clause (2). In case a Bearer Security of any series is
surrendered at the office or agency in a Place of Payment for such series in exchange for
a Registered Security of such series after the close of business at such office or agency
on any Special Record Date and before the opening of business at such office or agency on
the related proposed date for payment of Defaulted Interest, such Bearer Security shall be
surrendered without the Coupon relating to such proposed date of payment and Defaulted
Interest will not be payable on such proposed date of payment in respect of the Registered
Security issued in exchange for such Bearer Security, but will be payable only to the
Holder of such Coupon when due in accordance with the provisions of this Indenture.
	 
	 	(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 Securities may
be listed, and upon such notice as may be required by such exchange, if, after notice
given by the Company to the Trustee of the proposed payment pursuant to this Clause, such
payment shall be deemed practicable by the Trustee.

     At the option of the Company, interest on Registered Securities of any series that bear
interest may be paid by mailing a check to the address of the person entitled thereto as such
address shall appear in the Security Register.

     Subject to the foregoing provisions of this Section and Section 306, 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.

24

 

     Section 309. 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 as the owner of such Registered Security for the purpose of
receiving payment of principal of (and premium, if any), and (subject to Sections 306 and 308)
interest on or 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 be
overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be
affected by notice to the contrary.

     The Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of
any Bearer Security and the bearer of any Coupon as the absolute owner of such Security or Coupon
for the purpose of receiving payment thereof or on account thereof and for all other purposes
whatsoever, whether or not any payment with respect to such Security or Coupon be overdue, and
neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by
notice to the contrary.

     Section 310. Cancellation.

     All Securities and Coupons surrendered for payment, redemption, registration of transfer or
exchange or for credit against any sinking fund payment shall, if surrendered to any Person other
than the Trustee or the Security Registrar, be delivered to the Trustee or the Security Registrar,
and any such Securities and Coupons and Securities and Coupons surrendered directly to the Trustee
or the Security Registrar for any such purpose shall be promptly cancelled by the Trustee or the
Security Registrar, as the case may be. The Company may at any time deliver to the Trustee or the
Security Registrar 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 promptly cancelled by the Trustee or the Security Registrar, as the case may be. No Securities
shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this
Section, except as expressly permitted by this Indenture or as otherwise specified as contemplated
by Section 301. All cancelled Securities and Coupons held by the Trustee or the Security Registrar
shall be returned to the Company by the Trustee or the Security Registrar, as the case may be, upon
a Company Order. The Trustee shall promptly notify the Company of all cancelled Securities.

     Section 311. Computation of Interest.

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

     Section 312. CUSIP Numbers.

     The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and
if so, the Trustee shall use “CUSIP” 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” numbers.

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ARTICLE FOUR

SATISFACTION AND DISCHARGE

     Section 401. Satisfaction and Discharge of Indenture.

     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 (except as
to any surviving rights of registration of transfer or exchange of Securities of such series herein
expressly provided for and any right to receive Additional Amounts, as provided in Section 1004),
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 and
all Coupons appertaining thereto (other than (i) Coupons appertaining to Bearer
Securities of such series surrendered for exchange for Registered Securities of such
series and maturing after such exchange, whose surrender is not required or has been
waived as provided in Section 306, (ii) Securities and Coupons of such series which
have been destroyed, lost or stolen and which have been replaced or paid as provided
in Section 307, (iii) Coupons appertaining to Securities of such series called for
redemption and maturing after the relevant Redemption Date, whose surrender has been
waived as provided in Section 1107, and (iv) Securities and Coupons of such series
for whose payment money has theretofore been deposited in trust or segregated and
held in trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 1003) have been delivered to the Trustee for
cancellation; or
	 
	 	(B)	 	all Securities of such series and, in the case of (i) or (ii) below, any
such Coupons appertaining thereto 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 and such Securities are not convertible into other Securities, or
	 
	 	(iii)	 	if redeemable at the option of the Company, such Securities
are not convertible into other Securities and are to be called for redemption
within one year under arrangements satisfactory to the Trustee for the giving
of notice of redemption by the Trustee in the name, and at the expense, of the
Company,

	 	 	 	and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be
deposited with the Trustee as trust funds in trust for the purpose, lawful money of the
United States Government Obligations which through the payment of interest and principal
or other amounts in respect thereof in accordance with their terms will provide not later
than the opening of business on the due dates of any payment of principal (and premium,
if any) and interest, or any Additional Amounts with respect thereto, or a combination
thereof, in an amount sufficient to pay and discharge the entire indebtedness on such
Securities and Coupons not theretofore delivered to the Trustee for cancellation, for
principal (and premium, if any) and interest, or any Additional Amounts with respect
thereto, to the date of such deposit (in the

26

 

	 	 	 	case of Securities which have become due and payable) or to the Stated Maturity or
Redemption Date, as the case may be;

	 	(2)	 	the Company has paid or caused to be paid all other sums payable hereunder by the
Company; and
	 
	 	(3)	 	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of this Indenture as to such series have been complied with.

     In the event there are two or more Trustees hereunder, then the effectiveness of any such
instrument shall be conditioned upon receipt of such instruments from all Trustees hereunder.

     Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 606 and, if money shall have been deposited with the Trustee
pursuant to subclause (B) of Clause (1) of this Section, the obligations of the Trustee under
Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and discharge.

     Section 402. Application of Trust Money.

     Subject to the provisions of the last paragraph of Section 1003, all money deposited with the
Trustee pursuant to Section 401 or this section 402 shall be held in trust and applied by it, in
accordance with the provisions of the Securities, the Coupons and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent)
as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if
any) and any interest or any Additional Amounts for whose payment such money has been deposited
with the Trustee; but such money need not be segregated from other funds except to the extent
required by law.

     All monies deposited with the Trustee pursuant to Section 401 (and held by it or any Paying
Agent) for the payment of Securities subsequently converted shall be returned to the Company upon
Company Request.

     Section 403. Satisfaction, Discharge and Defeasance of Securities of Any Series.

     If pursuant to Section 301 provision is made for defeasance of Securities of any series
pursuant to Section 403, the Company shall be deemed to have paid and discharged the entire
indebtedness on all the Outstanding Securities of such series and the Trustee, at the expense of
the Company, shall execute proper instruments acknowledging satisfaction and discharge of such
indebtedness, when

	 	(1)	 	either

	 	(A)	 	with respect to all Outstanding Securities of such series and any Coupons
appertaining thereto,

	 	(i)	 	the Company has deposited or caused to be deposited with the
Trustee, as trust funds in trust for such purpose, an amount sufficient to pay
and discharge the entire indebtedness on all Outstanding Securities of such
series for principal (and premium, if any), any Additional Amounts, and
interest to the Stated Maturity or any Redemption Date as contemplated by the
penultimate paragraph of this Section 403, as the case may be; or

27

 

	 	(ii)	 	with respect to any Series of Securities which are denominated
in United States dollars, the Company has deposited or caused to be deposited
with the Trustee, as obligations in trust for such purpose, such amount of
direct obligations of, or obligations the timely payment of the principal of
and interest on which are fully guaranteed by, the United States of America and
which are not callable at the option of the issuer thereof as will, together
with the income to accrue thereon without consideration of any reinvestment
thereof, be sufficient to pay and discharge the entire indebtedness on all
Outstanding Securities of such series for principal (and premium, if any), any
Additional Amounts, and interest to the stated Maturity or any Redemption Date
as contemplated by the penultimate paragraph of this Section 403; or

	 	(B)	 	the Company has properly fulfilled such other means of satisfaction and
discharge as is specified, as contemplated by Section 301, to be applicable to the
Securities of such series; and

	 	(2)	 	the Company has paid or caused to be paid all other sums payable hereunder with
respect to the Outstanding Securities of such series; and
	 
	 	(3)	 	the Company has delivered to the Trustee a certificate signed by a nationally
recognized firm of Independent Public Accountants certifying as to the sufficiency of the
amounts deposited pursuant to subsections (A) (i) or (ii) of this Section for payment of
the principal (and premium, if any) and interest on the dates such payments are due, an
Officers’ Certificate and an Opinion of Counsel, each such Certificate and opinion stating
that 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 all conditions
precedent herein provided for relating to the satisfaction and discharge of the entire
indebtedness on all Outstanding Securities of any such series have been complied with; and
	 
	 	(4)	 	the Company has delivered to the Trustee

	 	(A)	 	a ruling from the Internal Revenue Service or an opinion of independent
counsel that the holders of the Securities of such series will not recognize income,
gain or loss for Federal income tax purposes as a result of such deposit, defeasance
and discharge and will be subject to Federal income tax on the same amount and in
the same manner and at the same times, as would have been the case if such deposit,
defeasance and discharge had not occurred; and

	 	(B)	 	if the Securities of such series are then listed on the Nasdaq Global
Select Market, an Opinion of Counsel that the Securities of such series will not be
delisted as a result of the exercise of this option.

     Any deposits with the Trustee referred to in subsection (1) (A) of this Section shall be
irrevocable and shall be made under the terms of an escrow trust agreement in form and substance
satisfactory to the Trustee. If any Outstanding Securities of such series are to be redeemed prior
to their Stated Maturity, whether pursuant to any optional redemption or repayment provisions or in
accordance with any mandatory sinking fund requirement, the Company shall make such arrangements as
are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name,
and at the expense, of the Company.

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     Upon the satisfaction of the conditions set forth in this Section 403 with respect to all the
Outstanding Securities of any series, the terms and conditions of such series, including the terms
and conditions with respect thereto set forth in this Indenture, other than the provisions of
Sections 306, 307, and 1002, other than the right of Holders of Securities and any Coupons of such
series to receive, from the trust fund described in this Section, payment of the principal (and
premium, if any) of, the interest on or any Additional Amounts with respect to such Securities and
Coupons (if any) appertaining thereto when such payments are due, other than any right of
conversion of such Securities and the rights, powers, duties and immunities of the Trustee
hereunder, shall no longer be binding upon, or applicable to, the Company except those
responsibilities and obligations which by the terms of the Indenture survive the termination of the
Indenture; PROVIDED that the Company shall not be discharged from any payment obligations in
respect of Securities of such series which are deemed not to be Outstanding under clause (iii) of
the definition thereof if such obligations continue to be valid obligations of the Company under
applicable law.

ARTICLE FIVE

REMEDIES

     Section 501. Events of Default.

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

	 	(1)	 	default in the payment of any interest upon or any Additional Amounts payable in
respect of any Security of such series when such interest becomes or Additional Amounts
become due and payable, and continuance of such default for a period of 30 days; or
	 
	 	(2)	 	default in the payment of the principal of (and premium, if any, on) any Security of
that series when it becomes due and payable at Maturity; or
	 
	 	(3)	 	default in the deposit of any sinking fund payment, when and as due by the terms of a
Security of that series; or
	 
	 	(4)	 	default in the performance, or breach, of any covenant or warranty of the Company in
this Indenture or the Securities (other than a covenant or warranty a default in the
performance or the breach of which is elsewhere in this Section specifically dealt with or
which has been expressly included in this Indenture solely for the benefit of a series of
Securities other than such series), and continuance of such default or breach for a period
of 90 days after there has been given, by registered or certified mail, to the Company by
the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal
amount of the Outstanding Securities of that series a written notice specifying such
default or breach and requiring it to be remedied and stating that such notice is a
“Notice of Default” hereunder; or
	 
	 	(5)	 	if any event of default as defined in any mortgage, indenture or instrument under
which there may be issued, or by which there may be secured or evidenced, any indebtedness
of the Company or the Subsidiary Bank for money borrowed, whether such indebtedness now
exists or shall hereafter be created, shall happen and shall result in such indebtedness
in principal amount in excess of $25,000,000 becoming or being declared due and payable
prior to the date on which it would otherwise become due and payable, and such
acceleration shall not be

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	 	 	 	rescinded or annulled, or such indebtedness shall not have been discharged, within a
period of 30 days after there shall have been given, by registered or certified mail, to
the Company by the Trustee or to the Company and the Trustee by the Holders of at least
25% in principal amount of the outstanding Securities of such series, a written notice
specifying such event of default and requiring the Company to cause such acceleration to
be rescinded or annulled or to cause such indebtedness to be discharged and stating that
such notice is a “Notice of Default” hereunder; or
	 
	 	(6)	 	a court having jurisdiction in the premises shall enter a decree or order for relief
in respect of the Company or the Subsidiary Bank in an involuntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in effect, and
adjudging it a bankrupt or insolvent or appointing a receiver, liquidator, assignee,
custodian, trustee, sequestrator (or similar official) of the Company or the Subsidiary
Bank or for any substantial part of its property, or ordering the winding-up or
liquidation of its affairs, and such decree or order shall remain unstayed and in effect
for a period of 60 consecutive days; or
	 
	 	(7)	 	the Company or the Subsidiary Bank shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or
shall consent to the entry of an order for relief in any involuntary case under any such
law, or shall consent to the appointment of or taking possession by a receiver,
liquidator, assignee, trustee, custodian, sequestrator (or similar official) of the
Company or the Subsidiary Bank or for any substantial part of its property, or shall make
any general assignment for the benefit of creditors, or shall fail generally to pay its
debts as they become due or shall take any corporate action in furtherance of any of the
foregoing; or
	 
	 	(8)	 	any other Event of Default provided with respect to Securities of such series.

     Section 502. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default with respect to Securities of any series at the time outstanding occurs
and is continuing, then the Trustee or the Holders of not less than 25% in principal amount of the
Outstanding Securities of that series may declare the principal of all the Securities of that
series, or such lesser amount as may be provided for in the Securities of that series, to be due
and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the
Holders), and upon any such declaration such principal or such lesser amount shall become
immediately due and payable.

     At any time after such a declaration of acceleration with respect to Securities of any series
has been made and before a judgment or decree for payment of the money due has been obtained by the
Trustee as hereinafter in this Article provided, the Holders of not less than a majority in
principal amount of the Outstanding Securities of that series, by written notice to the Company and
the Trustee, may rescind and annul such declaration and its consequences if

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

	 	(A)	 	all overdue installments of interest on and any Additional Amounts
payable in respect of all Securities of such series,
	 
	 	(B)	 	the principal of (and premium, if any, on) any Securities of such series
which have become due otherwise than by such declaration of acceleration and
interest thereon at the rate or rates borne by or provided for in such Securities,

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	 	(C)	 	to the extent that payment of such interest is lawful, interest upon
overdue installments of interest or any Additional Amounts at the rate or rates
borne by or provided for 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 as provided in Section 606 hereof; and

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

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

     Section 503. Collection of Indebtedness and Suits For Enforcement By Trustee.

     The Company covenants that if

	 	(1)	 	default is made in the payment of any installment of interest on or any Additional
Amounts payable in respect of any Security when such interest or Additional Amounts shall
have become due and payable and such default continues for a period of 30 days, or
	 
	 	(2)	 	default is made in the payment of the principal of (or premium, if any, on) any
Security at its Maturity,
	 
	 	(3)	 	the Company will, upon demand of the Trustee, pay to it, for the benefit of the
Holders of such Securities and any Coupons appertaining thereto, the whole amount then due
and payable on such Securities and Coupons for principal (and premium, if any) and
interest or Additional Amounts, if any, with interest upon the overdue principal (and
premium, if any) and, to the extent that payment of such interest shall be legally
enforceable, upon overdue installments of interest or any Additional Amounts, at the rate
or rates borne by or provided for in such Securities, and, in addition thereto, such
further amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel.

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

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

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     Section 504. 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 of 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 or interest) 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 principal (and premium, if any) and
interest and any Additional Amounts owing and unpaid in respect of the Securities and any
Coupons appertaining thereto 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 allowed in such judicial proceeding, and
	 
	 	(2)	 	to collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Holder of Securities or Coupons 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 or Coupons, 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 606.

     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 or Coupon any plan of reorganization,
arrangement, adjustment or composition affecting the Securities or Coupons 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 or Coupon in any such proceeding.

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

     All rights of action and claims under this Indenture or any of the Securities or coupons may
be prosecuted and enforced by the Trustee without the possession of any of the Securities or
Coupons 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 the Holders of the Security and Coupon in respect of which such judgment has been recovered.

     Section 506. Application of Money Collected.

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

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	 	FIRST:
	 	To the payment of all amounts due the Trustee and any predecessor
Trustee under Section 606;
	 
	 	 	 	 
	 

	 	SECOND:
	 	To the payment of the amounts then due and unpaid upon the
Securities and Coupons for principal (and premium, if any) and
interest or any Additional Amounts payable 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 and Coupons
for principal (and premium, if any), interest or any Additional
Amounts, respectively;
	 
	 	 	 	 
	 

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

     Section 507. Limitation on Suits.

     No Holder of any Security of any series or any related Coupons 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)	 	the Holders of not less than 25% in principal amount of the Outstanding Securities of
that series shall have made written request to the Trustee to institute proceedings in
respect of such Event of Default in its own name as Trustee hereunder;
	 
	 	(3)	 	such Holder or Holders have offered indemnity reasonably satisfactory to the Trustee
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 508. Unconditional Right of Holders to Receive Principal, Premium, Interest and
Additional Amounts.

     Notwithstanding any other provision in this Indenture, the Holder of any Security or Coupon
shall have the right, which is absolute and unconditional, to receive payment of the principal of
(and premium, if any) and (subject to Sections 306 and 308) interest on or any Additional Amounts
in respect of such Security or payment of such Coupon on the respective Stated Maturity or
Maturities specified in such

33

 

Security or Coupon (or, in the case of redemption, on the Redemption Date) 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 509. Restoration of Rights and Remedies.

     If the Trustee or any Holder of a Security or Coupon 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 510. Rights and Remedies Cumulative.

     Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities or Coupons in the last paragraph of Section 307, no right or
remedy herein conferred upon or reserved to the Trustee or to the Holders of a Security or Coupon
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 prevent the concurrent
assertion or employment of any other appropriate right or remedy.

     Section 511. Delay or Omission Not Waiver.

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

     Section 512. Control By Holders.

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

	 	(1)	 	such direction shall not be in conflict with any rule of law or with this Indenture,
	 
	 	(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 other Holders of Securities
of such series.

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     Section 513. Waiver of Past Defaults.

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

	 	(1)	 	in the payment of the principal of (and premium, if any) or interest on or Additional
Amounts payable in respect of any Security of such series or any Coupons appertaining
thereto, or
	 
	 	(2)	 	in respect of a covenant or provision hereof which under Article Nine cannot be
modified or amended without the consent of the Holder of each Outstanding Security of such
series affected.

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

     Section 514. Waiver of Stay or Extension Laws.

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

ARTICLE SIX

THE TRUSTEE

     Section 601. Notice of Defaults.

     Within 90 days after the occurrence of any default hereunder with respect to the Securities of
any series, the Trustee shall transmit to the Holders in the manner and to the extent provided in
Section 313(c) of the Trust Indenture Act, notice of such default hereunder known to a Responsible
Officer of the Trustee, unless such default shall have been cured or waived; PROVIDED, HOWEVER,
that, except in the case of a default in the payment of the principal of (or premium, if any) or
interest on, or any Additional Amounts with respect to, any Security of such series or in the
payment of any sinking fund installment with respect to Securities 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 of the Trustee in
good faith determine that the withholding of such notice is in the interests of the Holders of
Securities and Coupons of such series; and PROVIDED further, that in the case of default of the
character specified in Section 501(4) with respect to Securities of such series, no such notice to
Holders shall be given until at least 60 days after the occurrence thereof. For the purpose of this
Section, the term “default” means any event which is, or after notice or lapse of time or both
would become, an Event of Default, with respect to Securities of such series.

     Section 602. Certain Rights of Trustee.

     Subject to the provisions of Sections 315(a) through 315(d) of the Trust Indenture Act:

35

 

	 	(1)	 	the Trustee may conclusively rely and shall be protected in acting or refraining from
acting upon any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, or other paper or document
reasonably believed by it to be genuine and to have been signed or presented by the proper
party or parties;
	 
	 	(2)	 	any request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or a Company Order (other than delivery of any Security,
together with any Coupons appertaining thereto to the Trustee for authentication and
delivery pursuant to Section 304 which shall be sufficiently evidenced as provided
therein) and any resolution of the Board of Directors may be sufficiently evidenced by a
Board Resolution or Board Resolutions;
	 
	 	(3)	 	whenever in the administration of this Indenture the Trustee shall deem it desirable
that a matter be proved or established prior to taking, suffering or omitting any action
hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in
the absence of bad faith on its part, conclusively rely upon an Officers’ 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 this Indenture at the request or direction of any of the Holders of
Securities of any series or any Coupons appertaining thereto pursuant to this Indenture,
unless such Holders shall have offered to the Trustee reasonable Security or indemnity
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 or other paper or document, but the
Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, and, if the Trustee shall determine to make such further
inquiry or investigation, it shall be entitled to examine the books, records and premises
of the Company, personally or by agent or attorney at the sole cost to 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 or attorneys and the Trustee shall not
be responsible for any misconduct or negligence on the part of any agent or attorney
appointed with due care by it hereunder;
	 
	 	(8)	 	the Trustee shall not be liable for any action taken, suffered, omitted to be taken
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;
	 
	 	(9)	 	the Trustee shall not be deemed to have notice of any Default or Event of Default
unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written
notice of any event which is in fact such a default is received by the Trustee at the
Corporate Trust Office of the Trustee, and such notice references the Securities and this
Indenture; and

36

 

	 	(10)	 	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 to each agent,
custodian and other Person employed to act hereunder.

     Section 603. Not Responsible For Recitals or Issuance of Securities.

     The recitals contained herein and in the Securities, except the Trustee’s certificate of
authentication, and in any coupons shall be taken as the statements of the Company and neither the
Trustee nor any Authenticating Agent assumes responsibility for their correctness. The Trustee
makes no representations as to the validity or sufficiency of this Indenture or of the Securities
or Coupons, except that the Trustee represents that it is duly authorized to execute and deliver
this Indenture, authenticate the Securities and perform its obligations hereunder and that the
statements made by it in a Statement of Eligibility and Qualification on Form T-l supplied to the
Company are true and accurate, subject to the qualifications set forth therein. The Trustee or any
Authenticating Agent shall not be accountable for the use or application by the Company of
Securities or the proceeds thereof.

     Section 604. 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 Coupons 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 Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other
Person.

     Section 605. 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 and shall be held uninvested. The Trustee shall be under no liability
for interest on any money received by it hereunder except as otherwise agreed with the Company.

     Section 606. Compensation and Reimbursement.

     The Company agrees

	 	(1)	 	to pay to the Trustee from time to time such compensation for all services rendered
by it hereunder as shall be mutually agreed upon by the Company and the Trustee in writing
(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 (including the reasonable
compensation and the reasonable expenses and disbursements of its agents and counsel),
except any such expense, disbursement or advance as may be attributable to its negligence
or bad faith; and
	 
	 	(3)	 	to indemnify each of the Trustee and any predecessor Trustee and its agents for, and
to hold them harmless against, any loss, liability, claim, damage or expense including
taxes (other than taxes based upon, measured by or determined by the income of the
Trustee) incurred without negligence or bad faith on their part, arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder,
including the costs and expenses

37

 

	 	 	 	of defending themselves against any claim or liability in connection with the exercise or
performance of any of their powers or duties hereunder.

     As Security for the performance of the obligations of the Company under this Section, 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 (or
premium, if any) or interest on Securities. When the Trustee incurs expenses or renders services
after an Event of Default occurs, the expenses and compensation for the services of the Trustee are
intended to constitute expenses of administration under any bankruptcy law or any similar federal
or state law for the relief of debtors.

     The provisions of this Section 606 shall survive the termination of this Indenture and the
resignation or removal of the Trustee.

     Section 607. Corporate Trustee Required; Eligibility; Conflicting Interests.

     There shall at all times be a Trustee hereunder that is a corporation permitted by Section
310(a)(1) and (5) of the Trust Indenture Act to act as trustee 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. If at any time the Trustee shall cease to be eligible in
accordance with the provisions of this Section, it shall resign immediately in the manner and with
the effect hereinafter specified in this Article. If the Trustee has or shall acquire any
conflicting interest, as defined in Section 310(b) of the Trust Indenture Act, with respect to the
Securities of any series, the Trustee shall take such action as is required pursuant to said
Section 310 (b).

     Section 608. Resignation and Removal; Appointment of Successor.

     (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee pursuant to Section 609.

     (b) 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 609 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.

     (c) 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 an instrument of acceptance by a successor Trustee
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 the Securities of
such series.

	 	(d)	 	If at any time:
	 
	 	(1)	 	the Trustee shall fail to comply with the obligations imposed upon it under Section
310(b) of the Trust Indenture Act after written request therefor by the Company or by any
Holder of a Security who has been a bona fide Holder of a Security for at least six
months, or
	 
	 	(2)	 	the Trustee shall cease to be eligible under Section 607 and shall fail to resign
after written request therefor by the Company or by any such Holder of a Security, or

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

then, in any such case, (a) the Company, by or pursuant to Board Resolution, may remove the Trustee
with respect to all Securities, or (b) subject to Section 315(c) of the Trust Indenture Act any
Holder of a Security who has been a bona fide Holder of a Security of any 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.

     (e) 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 Board Resolutions, shall promptly appoint a successor
Trustee or Trustees with respect to the Securities of that or those series (it being understood
that any such successor Trustee may be appointed with respect to the Securities of one or more or
all of such series and that at any time there shall be only one Trustee with respect to the
Securities of any particular series) and shall comply with the applicable requirements of Section
609. If, within one year after such resignation, removal or incapability, or the occurrence of such
vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act
of the Holders of a majority in principal amount of the Outstanding Securities of such series
delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of
Section 609, 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 appointment in the manner required by Section 609, 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.

     (f) 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 and, if Securities of such series are issued as Bearer
Securities, by publishing notice of such event once in an Authorized Newspaper in each Place of
Payment located outside the United States. Each notice shall include the name of the successor
Trustee with respect to the Securities of such series and the address of its Corporate Trust
Office.

     Section 609. Acceptance of Appointment By Successor.

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

39

 

property and money held by such retiring Trustee hereunder, subject nevertheless to its claim,
if any, provided for in Section 606.

     (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities
of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee
with respect to the Securities of one or more series shall execute and deliver an indenture
supplemental hereto wherein each successor Trustee shall accept such appointment and which (1)
shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to
vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee
with respect to the Securities of that or those series to which the appointment of such successor
Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall
contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring
Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such Trustees co-trustees of the same trust, 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 with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates have
no further responsibility for the exercise of rights and powers or for the performance of the
duties and obligations vested in the Trustee under this Indenture other than as hereinafter
expressly set forth, and each such successor Trustee without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series to which the appointment of such successor
Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee
shall duly assign, transfer and deliver to such successor Trustee, to the extent contemplated by
such supplemental indenture, the property and money held by such retiring Trustee hereunder with
respect to the Securities of that or those series to which the appointment of such successor
Trustee relates.

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

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

     Section 610. Merger, Conversion, Consolidation or Succession to Business.

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

40

 

     Section 611. Appointment of Authenticating Agent.

     The Trustee may appoint an Authenticating Agent or Authenticating Agents, which may be an
Affiliate of 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 or exchange, registration of transfer or partial redemption thereof or
pursuant to Section 307, and Securities so authenticated shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication and delivery of
Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be
deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent
and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent.

     Each Authenticating Agent shall be acceptable to the Company and, except as specified as
contemplated by Section 301, shall at all times be a corporation that would be permitted by Section
310(a) (1) and (5) of the Trust Indenture Act to be able to act as a trustee under an indenture
qualified under the Trust Indenture Act, is authorized under applicable law and by its charter to
act as such and that has a combined capital and surplus (computed in accordance with Section 310(a)
(2) of the Trust Indenture Act) of not less that $50,000,000. If at any time an Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect specified in this
Section. If the Authenticating Agent has or shall acquire any conflicting interest, as defined in
Section 310(b) of the Trust Indenture Act, with respect to the Securities of any series, the
Authenticating Agent shall take action as is required pursuant to said Section 310 (b).

     Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to
which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Section,
without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent.

     An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee
and 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, the Trustee may
appoint a successor Authenticating Agent which shall be acceptable to the Company and shall (i)
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 will
serve, as their names and addresses appear in the Security Register, and (ii) if Securities of the
series are issued as Bearer Securities, publish notice of such appointment at least once in an
Authorized Newspaper in the place where such successor Authenticating Agent has its principal
office if such office is located outside the United States. Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all the rights, powers and duties
of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent.
No successor Authenticating Agent shall be appointed unless eligible under the provisions of this
Section.

     The Company agrees to pay each Authenticating Agent from time to time reasonable compensation
for its services under this Section.

     The provisions of Sections 309, 603 and 604 shall be applicable to each Authenticating Agent.

41

 

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

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

	 	 	 	 	 	 	 
	Dated:	 	WILMINGTON TRUST COMPANY,	 	 
	 	 	not in its individual capacity but solely as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/
 

As Authenticating Agent
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/
 

Authorized Signatory
	 	 

     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 in writing (which writing need not comply with
Section 102) by the Company, shall appoint in accordance with this Section an Authenticating Agent
having an office in a Place of Payment designated by the Company with respect to such series of
Securities.

     The Trustee is hereby appointed as an Authenticating Agent.

ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

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

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

	 	(1)	 	semi-annually, not later than 15 days after the Regular Record Date for interest for
each series of Securities, a list, in such form as the Trustee may reasonably require, of
the names and addresses of the Holders of Registered Securities of such series as of such
Regular Record Date, or if there is no Regular Record Date for interest for such series of
Securities, semi-annually, upon such dates as are set forth in the Board Resolution or
indenture supplemental hereto authorizing such series, 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.

42

 

     Section 702. Preservation of Information; Communications to Holders.

     (a) The Trustee shall comply with the obligations imposed upon it pursuant to Section 312 of
the Trust Indenture Act.

     (b) Every Holder of Securities or Coupons, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee nor any Paying Agent nor 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 703. Reports By Trustee.

     (a) Within 60 days after May 15 of each year commencing with the year following the first
issuance of Securities pursuant to Section 301, 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.

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

     (c) Reports pursuant to this Section shall be transmitted in the manner and to the Persons
required by Sections 313(c) and (d) of the Trust Indenture Act.

     Section 704. Reports By Company.

     The Company shall file with the Trustee and the Commission, and transmit to Holders such
information, documents and other reports, and such summaries thereof, as may be required pursuant
to the Trust Indenture Act at the time and in the manner pursuant to such Act; provided that such
information, documents or reports required to be filed with the Commission pursuant to Section 13
or Section 15(d) of the Securities Exchange Act of 1934 shall be filed with the Trustee within 15
days after the same is so required to be filed with 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 Officers’ Certificates).

ARTICLE EIGHT

CONSOLIDATION, MERGER AND SALES

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

     Nothing contained in this Indenture or in any of the Securities shall prevent any
consolidation or merger of the Company with or into any other Person or Persons (whether or not
affiliated with the Company), or successive consolidations or mergers in which the Company or its
successor or successors

43

 

shall be a party or parties, or shall prevent any conveyance, transfer or lease of the
property of the Company as an entirety or substantially as an entirety, to any other Person
(whether or not affiliated with the Company); PROVIDED, however, that:

	 	(1)	 	in case the Company shall consolidate with or merge into another Person or convey,
transfer or lease its properties and assets substantially as an entirety to any Person,
the entity formed by such consolidation or into which the Company is merged or the Person
which acquires by conveyance or transfer, or which leases, the properties and assets of
the Company substantially as an entirety shall be a corporation organized and existing
under the laws of the United States of America, any State thereof or the District of
Columbia and shall expressly assume, by an indenture (or indentures, if at such time there
is more than one Trustee) supplemental hereto, executed and delivered by the successor
Person to the Trustee, in form satisfactory to the Trustee, the due and punctual payment
of the principal of (and premium, if any) and interest on or any Additional Amounts in
respect of all the Securities and the performance of every other covenant of this
Indenture on the part of the Company to be performed or observed;
	 
	 	(2)	 	immediately after giving effect to such transaction and treating any indebtedness
which becomes an obligation of the Company or a Subsidiary as a result of such transaction
as having been incurred by the Company or such Subsidiary at the time of such transaction,
no Event of Default, and no event which, after notice or lapse of time or both, would
become an Event of Default, shall have happened and be continuing; and
	 
	 	(3)	 	each of the Company and the successor Person has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation,
merger, conveyance, transfer or lease and such supplemental indenture comply with this
Article and that all conditions precedent herein provided for relating to such transaction
have been complied with.

     Section 802. Successor Corporation Substituted For Company.

     Upon any consolidation or merger or any conveyance, transfer or lease of the properties and
assets of the Company substantially as an entirety to any Person in accordance with Section 801,
the successor Person formed by such consolidation or into which the Company is merged or to which
such conveyance, transfer or lease 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 to another Person, the predecessor Person shall be relieved of all obligations and covenants
under this Indenture and the Securities and the Coupons.

ARTICLE NINE

SUPPLEMENTAL INDENTURES

     Section 901. Supplemental Indentures Without Consent of Holders.

     Without the consent of any Holders of Securities or Coupons, the Company, when authorized by
Board Resolutions, 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:

44

 

	 	(1)	 	to evidence the succession of another Person to the Company, and the assumption by
any such successor of the covenants of the Company herein and in the Securities; or
	 
	 	(2)	 	to add to the covenants of the Company for the benefit of the Holders of all or any
series of Securities (and if such covenants are to be for the benefit of less than all
series of Securities, stating that such covenants are expressly being included solely for
the benefit of such series) or to surrender any right or power herein conferred upon the
Company; or
	 
	 	(3)	 	to add to or change any of the provisions of this Indenture to provide that Bearer
Securities may be registrable as to principal, to change or eliminate any restrictions on
the payment of principal (or premium, if any) on Registered Securities or of principal (or
premium, if any) or any interest on Bearer Securities, to permit Registered Securities to
be exchanged for Bearer Securities or to permit or facilitate the issuance of Securities
in uncertified form, PROVIDED any such action shall not adversely affect the interests of
the Holders of Securities of any series or any Coupons appertaining thereto in any
material respect; or
	 
	 	(4)	 	to establish the form or terms of Securities of any series and any Coupons
appertaining thereto as permitted by Sections 201 and 301; or
	 
	 	(5)	 	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 609 (b) ; or
	 
	 	(6)	 	to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other provisions
with respect to matters or questions arising under this Indenture which shall not be
inconsistent with the provisions of this Indenture and which shall not adversely affect
the interest of the Holders of Securities of any series or any related coupons in any
material respect; or
	 
	 	(7)	 	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
	 
	 	(8)	 	to add any additional Events of Default;
	 
	 	(9)	 	to modify, eliminate or add to the provisions of this Indenture to such extent as
shall be necessary to conform the obligations of the Company and the Trustee under this
Indenture to the obligations imposed on such Persons hereunder pursuant to the Trust
Indenture Act or under any similar federal statute hereafter enacted and rules or
regulations of the Commission thereunder;
	 
	 	(10)	 	to make provisions with respect to the conversion rights of Holders of Convertible
Securities pursuant to the requirements of Section 1506; or
	 
	 	(11)	 	to modify, delete or add to any of the provisions of this Indenture other than as
contemplated by clauses (1) through (9) of this Section; provided that any such
modification, deletion or addition shall become effective only with respect to series of
Securities established pursuant to Section 301 after the effective date of such
modification, deletion or addition.

45

 

     Section 902. Supplemental Indentures With Consent of Holders.

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

	 	(1)	 	change the Stated Maturity of the principal of, or any installment of interest on,
any Security, or reduce the principal amount thereof or the rate of interest thereon or
any Additional Amounts payable in respect thereof, or any premium payable upon the
redemption thereof, or change the obligation of the Company to pay Additional Amounts
pursuant to Section 1004 (except as contemplated by Section 801(1) and permitted by
Section 901(1)), 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 502, or change the Place of Payment, coin or currency in which
any Security or any premium or the interest thereon is payable, or impair the right to
institute suit for the enforcement of any such payment on or after the Stated Maturity
thereof (or, in the case of redemption, on or after the Redemption Date), or
	 
	 	(2)	 	reduce the percentage in principal amount of the Outstanding Securities of any
series, the consent of whose Holders is required for any such supplemental indenture, or
the consent of whose Holders is required for any waiver (of compliance with certain
provisions of this Indenture or certain defaults hereunder and their consequences)
provided for in this Indenture, or reduce the requirements of Section 1404 for quorum or
voting, or
	 
	 	(3)	 	modify any of the provisions of this section, or Sections 512, 513 or Section 1010,
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.

     The Company may, but shall not be obligated to, fix a record date for the purposes of
determining the Persons entitled to consent to any indenture supplemental hereto. If a record date
is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons,
shall be entitled to consent to such supplemental indenture, whether or not such Holders remain
Holders after such record date; PROVIDED, that unless such consent shall have become effective by
virtue of the requisite percentage having been obtained prior to the date which is 90 days after
such record date, any such consent previously given shall automatically and without further action
by any Holder be cancelled and of no further effect.

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

46

 

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

     Section 903. Execution of Supplemental Indentures.

     As a condition to executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modifications thereby of the trust created by this
Indenture, the Trustee shall be provided with, and (subject to Section 315 of the Trust Indenture
Act) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture and that it complies with
the terms of this Indenture. The Trustee may, but shall not be obligated to, enter into any such
supplemental indenture which affects the Trustee’s own rights, duties or immunities under this
Indenture or otherwise.

     Section 904. Effect of Supplemental Indentures.

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

     Section 905. Conformity With Trust Indenture Act.

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

     Section 906. Reference in Securities to Supplemental Indentures.

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

ARTICLE TEN

COVENANTS

     Section 1001. Payment of Principal, Premium, If Any, and Interest.

     The Company covenants and agrees for the benefit of the Holders of each series of Securities
that it will duly and punctually pay the principal of (and premium, if any), interest on or any
Additional Amounts payable in respect of the Securities of that series in accordance with the terms
of such series of Securities, any Coupons appertaining thereto and this Indenture. Any interest due
on and any Additional Amounts payable in respect of Bearer Securities on or before Maturity, other
than Additional Amounts, if any, payable as provided in Section 1004 in respect of principal of (or
premium, if any, on) such a Security, shall be payable only upon presentation and surrender of the
several coupons for such interest installments as are evidenced thereby as they severally mature.

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     Section 1002. Maintenance of Office or Agency.

     The Company will maintain in each Place of Payment for any series of Securities an office or
agency where Securities of such series (but not Bearer Securities, except as otherwise provided
below, unless such Place of Payment is located outside the United States) may be presented or
surrendered for payment, where Securities of that series may be surrendered for registration of
transfer or exchange and where notices and demands to or upon the Company in respect of the
Securities of that series and this Indenture may be served. If Securities of a series are issuable
as Bearer Securities, the Company shall maintain, subject to any laws or regulations applicable
thereto, an office or agency in a Place of Payment for such series which is located outside the
United States where Securities of such series and the related Coupons may be presented and
surrendered for payment (including payment of any Additional Amounts payable on Securities of such
series pursuant to Section 1004); PROVIDED, HOWEVER, that if the Securities of such series are
listed on The Stock Exchange of the United Kingdom and the Republic of Ireland or the Luxembourg
Stock Exchange or any other stock exchange located outside the United States and such stock
exchange shall so require, the Company will maintain a Paying Agent in London, Luxembourg or any
other required city located outside the United States, as the case may be, so long as the
Securities of such series are listed on such exchange. 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, except that Bearer Securities of that
series and the related Coupons may be presented and surrendered for payment (including payment of
any Additional Amounts payable on Bearer Securities of that series pursuant to Section 1004) at the
place specified for the purpose pursuant to Section 301, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands.

     Except as otherwise specified as contemplated by Section 301, no payment of principal, premium
or interest on Bearer Securities shall be made at any office or agency of the Company in the United
States or by check mailed to any address in the United States or by transfer to an account
maintained with a bank located in the United States; PROVIDED, HOWEVER, payment of principal of and
any premium and interest in U.S. dollars (including Additional Amounts payable in respect thereof)
on any Bearer Security may be made at the Corporate Trust Office or any office or agency designated
by the Company if (but only if) payment of the full amount of such principal, premium, interest or
Additional Amounts at all offices outside the United States maintained for the purpose by the
Company in accordance with this Indenture is illegal or effectively precluded by exchange controls
or other similar restrictions.

     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 their obligation to maintain an office or
agency in each Place of Payment for Securities of any series for such purposes. The Company will
give prompt written notice to the Trustee of any such designation or rescission and of any change
in the location of any such other office or agency. Unless otherwise specified as contemplated by
Section 301, the Company hereby designates as the Place of Payment for each series the Corporate
Trust Office of the Trustee. Pursuant to Section 301(9) of this Indenture, the Company may
subsequently appoint a place or places where such Securities may be payable.

     Section 1003. Money For Securities Payments to Be Held in Trust.

     If the Company shall at any time act as its own Paying Agent with respect to any series of
Securities, it will, on or before each due date of the principal of (and premium, if any), or
interest on, any of the

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Securities of that series, segregate and hold in trust for the benefit of the Person entitled
thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due
until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will
promptly notify the Trustee of its action or failure so to act.

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

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

	 	(1)	 	hold all sums held by it for the payment of the principal of (and premium, if any) or
interest on Securities of that 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 herein
provided;
	 
	 	(2)	 	give the Trustee notice of any default by the Company (or any other obligor upon the
Securities of that series) in the making of any payment of principal (and premium, if any)
or interest on the Securities of that series; and
	 
	 	(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 money.

     Except as otherwise provided hereby 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 (and
premium, if any) or interest and Additional Amounts on any Security of any series and remaining
unclaimed for two years after such principal (and premium, if any) or interest has become due and
payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Security or any Coupon appertaining thereto
shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof,
and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Company as trustee thereof, shall thereupon cease; PROVIDED, HOWEVER, that the
Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment for
such series or to be mailed to Holders of Registered Securities for such series, or both, 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 shall it be later than two years
after such principal (and premium, if any) or interest has become due and payable, any unclaimed
balance of such money then remaining will be repaid to the Company.

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     Section 1004. 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 of any such series or any Coupon appertaining
thereto Additional Amounts as provided therein. Whenever in this Indenture there is mentioned, in
any context, the payment of the principal of (or premium, if any) or interest on, or in respect of,
any Security of any series or any related Coupon or the net proceeds received on the sale or
exchange 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 provisions hereof shall not be construed as excluding Additional Amounts in
those provisions hereof where such express mention is not made.

     Except as otherwise provided herein or pursuant hereto, 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 that series shall not bear
interest prior to Maturity, the first day on which a payment of principal (and premium, if any, is
made), and at least 10 days prior to each date of payment of principal (and premium, if any) or
interest if there has been any change with respect to the matters set forth in the below-mentioned
Officers’ Certificate, the Company will furnish the Trustee and the principal Paying Agent or
Paying Agents, if other than the Trustee, an Officers’ Certificate instructing the Trustee and such
Paying Agent or Paying Agents whether such payment of principal (and premium, if any) of or
interest on the Securities of that series shall be made to Holders of Securities of that series or
the Coupons appertaining thereto who are United States Aliens without withholding for or on account
of any tax, assessment or other governmental charge described in the Securities of that series. If
any such withholding shall be required, then such Officers’ Certificate shall specify by country
the amount, if any, required to be withheld on such payments to such Holders of Securities or
Coupons and the Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts
required by this Section. 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 Officers’ Certificate furnished pursuant to this Section.

     Section 1005. Statement As To Compliance; Notice of Certain Defaults.

     (a) The Company will, in addition to the reports required by Section 704(4), deliver to the
Trustee, within 120 days after the end of each fiscal year (which on the date hereof ends on
December 31), a written statement, which need not comply with Section 102, signed by the Chairman
of the Board, a Deputy Chairman, Vice Chairman, the President or a Vice President and by the
Treasurer or an Assistant Treasurer of the Company, stating, as to each signer thereof, that

	 	(1)	 	a review of the activities of the Company during such year and of performance under
this Indenture has been made under his supervision, and
	 
	 	(2)	 	to the best of his knowledge, based on such review, (a) the Company has fulfilled all
of its obligations under this Indenture throughout such year, or, if there has been a
default in the fulfillment of any such obligation, specifying each such default known to
him and the nature and status thereof, and (b) no event has occurred and is continuing
which is, or after notice or lapse of time or both would become, an Event of Default, or,
if such an event has occurred and is continuing, specifying each such event known to him
and the nature and status thereof.

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     (b) The Company will deliver to the Trustee as soon as possible, and in any event, within five
days after the occurrence thereof, written notice of any event which after notice or lapse of time
or both would become an Event of Default.

     Section 1006. Limitation on Certain Acquisitions.

     The Company will not (a) acquire Capital Stock of any corporation or (b) acquire substantially
all the assets and liabilities of any corporation, if, immediately upon giving effect to such
acquisition, the Company would not then be in full compliance with all the terms, conditions and
covenants contained in this Indenture.

     Section 1007. Payment of Taxes and Other Claims.

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

     Section 1008. Corporate Existence.

     Subject to Article Eight, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence, rights (charter and statutory)
and franchises and the corporate existence, rights (charter and statutory) and franchises of the
Subsidiary Bank; PROVIDED, HOWEVER, that the Company shall not be required to preserve any such
corporate existence, right or franchise if the Company shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries
considered as a whole and that the loss thereof is not disadvantageous in any material respect to
the Holders.

     Section 1009. Waiver of Certain Covenants.

     The Company may omit in any particular instance to comply with any term, provision or
condition set forth in Section 1006, 1007 and 1008 with respect to the Securities of any series if
before the time for such compliance the Holders of at least a majority in principal amount of the
Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance
in such instance or generally waive compliance with such term, provision or condition, but no such
waiver shall extend to or affect such term, provision or condition except to the extent so
expressly waived, and, until such waiver shall become effective, the obligations of the Company and
the duties of the Trustee in respect of any such term, provision or condition shall remain in full
force and effect.

     Section 1010. Calculation of Original Issue Discount.

     The Company shall file with the Trustee promptly at the end of each calendar year (i) a
written notice specifying the amount of original issue discount (including daily rates and accrual
periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific
information relating to such original issue discount as may then be relevant under the Internal
Revenue Code of 1986, as amended from time to time.

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ARTICLE ELEVEN

REDEMPTION OF SECURITIES

     Section 1101. 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.

     Section 1102. Election To Redeem; Notice To Trustee.

     The election of the Company to redeem any Securities shall be evidenced by Board Resolution.
In case of any redemption at the election of the Company of the Securities of any series, with the
same issue date, interest rate and Stated Maturity, 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.

     Section 1103. Selection By Trustee of Securities To Be Redeemed.

     If less than all the Securities of any series with the same issue date, interest rate, 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, by such method as the Trustee shall
deem fair and appropriate and which may provide for the selection for redemption of portions of the
principal amount of Registered Securities of such series; 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
pursuant hereto.

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

     The Trustee shall promptly notify the Company 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.

     Section 1104. Notice of Redemption.

     Notice of redemption shall be given in the manner provided in Section 106, 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.

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     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,
	 
	 	(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 Securities to be redeemed,
	 
	 	(4)	 	in case any Registered 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
Registered Security or Registered Securities of authorized denominations for the principal
amount thereof remaining unredeemed,
	 
	 	(5)	 	in the case of Convertible Securities, the Conversion Price then in effect, the date
on which the right to convert the principal amount of the Securities or the portions
thereof to be redeemed will terminate and the place or places where such Securities may be
surrendered for conversion,
	 
	 	(6)	 	that on the Redemption Date the Redemption Price will become due and payable upon
each such Security to be redeemed only, as to Bearer Securities, against tender of such
Security and any Coupons appertaining thereto, and, if applicable, that interest thereon
and Additional Amounts, if any, shall cease to accrue on and after said date,
	 
	 	(7)	 	the place or places where such Securities, together, in the case of Bearer Securities
with all Coupons appertaining thereto, if any, maturing after the Redemption Date, are to
be surrendered for payment of the Redemption Price,
	 
	 	(8)	 	that the redemption is for a sinking fund, if such is the case, and
	 
	 	(9)	 	the CUSIP number, if any.

     A notice of redemption published as contemplated by Section 106 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, at the Company’s request, by the Trustee in the name and at the expense of
the Company.

     Section 1105. Deposit of Redemption Price.

     On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a
Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except
if the Redemption Date shall be an Interest Payment Date) accrued interest on and any Additional
Amounts with respect thereto, all the Securities or portions thereof which are to be redeemed on
that date.

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     If any Convertible Security or portion thereof called for redemption is converted pursuant to
Article Fifteen, any money deposited with the Trustee or so segregated and held in trust for the
redemption of such Security or portion thereof shall (subject to any right of the Holder of the
Security on a Regular Record Date preceding such conversion to receive interest) be paid to the
Company upon Company Request or, if then held by the Company, shall be discharged from such trust.

     Section 1106. Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall,
on the Redemption Date, become due and payable at the Redemption Price therein specified, and from
and after such date (unless the Company shall default in the payment of the Redemption Price and
accrued interest) such Securities shall cease to bear interest and the Coupons for such interest
appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall
be void. Upon surrender of any such Security for redemption in accordance with said notice,
together with all Coupons, if any, appertaining thereto maturing after the Redemption Date, such
Security shall be paid by the Company at the Redemption Price, together with accrued interest (or
any Additional Amounts) to the Redemption Date; PROVIDED, HOWEVER, that installments of interest on
Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only
upon presentation and surrender of coupons for such interest (at an office or agency located
outside the United States except as otherwise provided in Section 1002), and PROVIDED, FURTHER,
that 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 according to
their terms and the provisions of Section 308.

     If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant
Coupons maturing after the Redemption Date, such Security may be paid after deducting from the
Redemption Price an amount equal to the face amount of all such missing Coupons, or the surrender
of such missing Coupon or Coupons may be waived by the Company and the Trustee if there be
furnished to them such Security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or
any Paying Agent any such missing coupon in respect of which a deduction shall have been made from
the Redemption Price, such Holder shall be entitled to receive the amount so deducted; PROVIDED,
HOWEVER, that interest (or any Additional Amounts) represented by Coupons shall be payable only
upon presentation and surrender of those Coupons at an office or agency located outside of the
United States except as otherwise provided in Section 1002.

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

     Section 1107. Securities Redeemed in Part.

     Any Registered Security which is to be redeemed only in part shall be surrendered at any
office or agency of the Company maintained for that purpose pursuant to Section 1002 (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 of the Security so surrendered. If a Security in global
form is so surrendered, the Company shall execute, and the Trustee

54

 

shall authenticate and deliver to the U.S. Depository or other depository for such Security in
global form as shall be specified in the Company Order with respect thereto to the Trustee, without
service charge, a new Security in global form in a denomination equal to and in exchange for the
unredeemed portion of the principal of the Security in global form so surrendered.

     Section 1108. Conversion Arrangements on Call for Redemption.

     Notwithstanding anything to the contrary contained in this Indenture, in connection with any
redemption of Convertible Securities of any series, the Company, by an agreement with one or more
investment bankers or other purchasers, may arrange for such purchasers to purchase all such
Convertible Securities called for redemption (the “Called Securities”) which are either (i)
surrendered for redemption or (ii) not duly surrendered for redemption or conversion prior to the
close of business on the Redemption Date, and to convert the same into shares of Common Stock, by
the purchasers’ depositing with the Trustee (acting as Paying Agent with respect to the deposit of
such amount and as conversion agent with respect to the conversion of such Called Securities), in
trust for the Holders of the Called Securities, on or prior to the Redemption Date in the manner
agreed to by the Company and such purchasers, an amount sufficient to pay the Redemption Price,
payable by the Company on redemption of such Called Securities. In connection with any such
arrangement for purchase and conversion, the Trustee as Paying Agent shall pay on or after the
Redemption Date such amounts so deposited by the purchasers in exchange for Called Securities
surrendered for redemption prior to the close of business on the Redemption Date and for all Called
Securities surrendered after such Redemption Date. Notwithstanding anything to the contrary
contained in this Article Eleven, the obligation of the Company to pay the Redemption Price of such
Called Securities shall be satisfied and discharged to the extent such amount is so paid by such
purchasers. However, nothing in this Section 1108 shall in any way relieve the Company of the
obligation to pay such Redemption Price on all Called Securities to the extent such amount is not
so paid by said purchasers. For all purposes of this Indenture, any Called Securities surrendered
by the Holders for redemption, and any Called Securities not duly surrendered for redemption or
conversion prior to the close of business on the Redemption Date, shall be deemed acquired by such
purchasers from such Holders and surrendered by such purchasers for conversion and shall in all
respects be deemed to have been converted, all as of immediately prior to the close of business on
the Redemption Date, subject to the deposit by the Purchasers of the above amount as aforesaid.
Nothing in this Section 1108 shall in any way limit the right of any Holder of a Security to
convert his Security pursuant to the terms of this Indenture and of such Security at any time prior
to the close of business on the Redemption Date applicable thereto.

ARTICLE TWELVE

SINKING FUNDS

     Section 1201. Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for the retirement of
Securities of a series, except as otherwise permitted or required by any form of 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 1202.
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.

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     Section 1202. 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 such series to be made pursuant to the terms of such Securities as provided
for by the terms of such series (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), together in the case of any Bearer Securities of
such series with all unmatured Coupons appertaining thereto, 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 series of 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 1202, the principal amount of Securities of such series to be redeemed in order to
exhaust the aforesaid cash 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 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 1203. Redemption of Securities For Sinking Fund.

     Not less than 75 days prior to each sinking fund payment date for any series of Securities,
the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
ensuing 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 1202, 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 Officers’ 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 1103 and cause notice of the redemption thereof to be given
in the name of and at the expense of the Company in the manner provided in Section 1104. Such
notice having been duly given, the redemption of such Securities shall be made upon the terms and
in the manner stated in Sections 1106 and 1107.

ARTICLE THIRTEEN

REPAYMENT AT THE OPTION OF HOLDERS

     Section 1301. 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 310, shall not
operate as a payment,

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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
Article Thirteen, 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 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 FOURTEEN

MEETINGS OF HOLDERS

     Section 1401. Purposes For Which Meetings May Be Called.

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

     Section 1402. Call, Notice and Place of Meetings.

     (a) The Trustee may at any time call a meeting of Holders of Securities of any series for any
purpose specified in Section 1401, to be held at such time and at such place in the Principle
Office of the Trustee, or, if Securities of such series are to be issued as Bearer Securities, in
London, as the Trustee shall determine. 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 106, not
less than 21 nor more than 180 days prior to the date fixed for the meeting.

     (b) In case at any time the Company, pursuant to 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 1401, by written request setting forth in reasonable detail the action proposed to be taken
at the meeting, and the Trustee shall not have made the first publication of the 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 for such
meeting and may call such meeting for such purposes by giving notice thereof as provided in
subsection (a) of this Section.

     Section 1403. 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.

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     Section 1404. 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. 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 1402 (a), 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.

     Except as limited by the proviso to Section 902, 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 902, any
resolution with respect to any request, demand, authorization, direction, notice, consent, waiver
or other action which this Indenture expressly provides may be made, given or taken by the Holders
of a 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 that series.

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

     Section 1405. Determination of Voting Rights; Conduct and Adjournment of Meetings.

     (a) 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 104 and the appointment of any proxy shall be proved in the manner
specified in Section 104 or by having the signature of the person executing the proxy witnessed or
guaranteed by any trust company, bank or banker authorized by Section 104 to certify to the holding
of Bearer Securities. 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 104
or other proof.

     (b) 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 1402(b), in which case the Company or the Holders of Securities of the series
calling the meeting, as the case may be, shall in 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.

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     (c) 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.

     (d) Any meeting of Holders of Securities of any series duly called pursuant to Section 1402 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 1406. 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 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 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 1402 and, if
applicable, Section 1404. 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

ARTICLE FIFTEEN

CONVERSION

     Section 1501. Conversion Privilege.

     Subject to and upon compliance with the provisions of this Article Fifteen and the terms of
the Convertible Securities of the series proposed to be converted, at the option of the Holder, any
Convertible Security or any portion of the principal amount thereof which is $1,000 or an integral
multiple thereof, may be converted into shares of Common Stock, as said shares shall be constituted
at the Date of Conversion, at the Conversion Price for such Convertible Securities of such series
in effect at the Date of Conversion.

     Section 1502. Manner of Exercise of Convertible Privilege.

     In order to exercise the conversion privilege, the Holder of any Convertible Security to be
converted shall surrender such Convertible Security to the Company at its office or agency,
together with the
conversion notice in the form provided on the Securities (or separate written notice) duly
executed, and, if so required by the Company, accompanied by instruments of transfer, in form
satisfactory to the Company and to the Trustee, duly executed by the Holder or by his duly
authorized attorney in writing. 

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Any Registered Convertible Security so surrendered during the
period from the close of business on the Regular Record Date preceding an Interest Payment Date for
such Registered Convertible Security to the opening of business on such Interest Payment Date shall
(unless any such Registered Convertible Security or the portion thereof being converted shall have
been called for redemption on a Redemption Date during such period, in which event no interest
shall be payable with respect to such Registered Convertible Security or portion thereof, as the
case may be, following such Redemption Date) also be accompanied by payment in Clearing House funds
or other funds acceptable to the Company of an amount equal to the interest payable on such
Interest Payment Date on the principal amount of such Registered Convertible Security then being
converted; provided, however, that no such payment need be made if there shall exist, at the time
of conversion, a default in the payment of interest on the Convertible Securities of such series.
Except as provided in the immediately preceding sentence, no adjustment shall be made for interest
accrued on any Convertible Security that shall be converted or for dividends on any shares of
Common Stock that shall be delivered upon the conversion of such Convertible Securities. The funds
so delivered to such office or agency shall be paid to the Company on or after such Interest
Payment Date, unless the Company shall default in the payment of the interest due on such Interest
Payment Date, in which event such funds shall be repaid to the Person who delivered the same. As
promptly as practicable after the surrender of any Convertible Security for conversion as
aforesaid, the Company shall deliver at said office or agency to such Holder, or on his written
order, a certificate or certificates for the number of full shares deliverable upon the conversion
of such Convertible Security or portion thereof and a check or cash in respect of any fraction of a
share of Common Stock otherwise deliverable upon such conversion, all as provided in this Article
Fifteen, together with a Convertible Security or Convertible Securities of the same series in
principal amount equal to the unconverted and unredeemed portion, if any, of the Convertible
Security so converted in accordance with Section 306 hereof. Such conversion shall be deemed to
have been effected on the date on which such notice shall have been received at said office or
agency and such Convertible Security shall have been surrendered as aforesaid, and the Person or
Persons in whose name or names any certificate or certificates for shares of Common Stock shall be
deliverable upon such conversion shall be deemed to have become on said date the Holder or Holders
of record of the shares represented thereby, provided, however, that any such surrender on any date
when the stock transfer books of the Company shall be closed shall constitute the Person or Persons
in whose name or names the certificates are to be delivered as the record Holder or Holders thereof
for all purposes on the next succeeding day on which such stock transfer books are open, but such
conversion shall be at the Conversion Price in effect on the date of such surrender.

     Section 1503. Cash Adjustment Upon Conversion.

     The Company shall not be required to deliver fractions of shares of Common Stock upon
conversions of Convertible Securities. If more than one Convertible Security shall be surrendered
for conversion at one time by the same Holder, the number of full shares which shall be deliverable
upon conversion thereof shall be computed on the basis of the aggregate principal amount of the
Securities so surrendered. If any fractional interest in a share of Common Stock would be
deliverable upon the conversion of any Convertible Security or Securities, the Company shall make
an adjustment therefor in cash equal to the current market value of such fractional interest
computed to the nearest cent either on the basis of the last reported sale price regular way of the
Common Stock on the Nasdaq Global Select Market (or, if not listed on the Nasdaq Global Select
Market, then on such other exchange on which the shares of Common Stock are listed as the Company
may designate) on the last Business Day prior to the Date of Conversion or, if there shall not have
been a sale on such last Business Day, on the basis of the average of the bid and asked quotations
therefor on such exchange on such last Business Day or, if the Common Stock shall not then be
listed on any exchange, at the highest bid quotation in the over-the-counter market on such last Business Day as reported by the National Association of Securities
Dealers through NASDAQ, its automated system for reporting quotes, or its successor or such other
generally accepted source of publicly reported bid and asked quotations as the Company may
reasonably designate.

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     Section 1504. Conversion Price.

     The Conversion Price applicable to any series of Convertible Securities shall be the initial
Conversion Price set forth on the Officers’ Certificate or supplemental indenture establishing such
series adjusted as provided in this Article Fifteen.

     Section 1505. Adjustment of Conversion Price.

     The Conversion Price applicable to any series of Convertible Securities shall be adjusted from
time to time as follows:

     (a) In case the Company shall, at any time or from time to time while the Securities of any
series are outstanding, (i) pay a dividend on its Common Stock in shares of Common Stock, (ii)
subdivide its outstanding shares of Common Stock into a larger number of shares, or (iii) combine
its outstanding Common Stock into a smaller number of shares, the Conversion Price for such series
in effect immediately prior thereto shall be adjusted so that the Holder of any Security of such
series thereafter surrendered for conversion shall be entitled to receive the number of shares of
Common Stock or other securities of the Company which he would have owned or have been entitled to
receive after the happening of any of the events described above, had such Convertible Security of
such series been converted immediately prior to the happening of such event. An adjustment made
pursuant to this subdivision (a) shall become effective, in the case of a dividend, on the payment
date retroactively to immediately after the opening of business on the day following the record
date for the determination of shareholders entitled to receive such dividend, subject to the
provisions of paragraph (g) of this Section 1505, and shall become effective in the case of a
subdivision or combination immediately after the opening of business on the day following the day
when such subdivision or combination, as the case may be, becomes effective.

     (b) In case the Company shall, at any time or from time to time while the Convertible
Securities of any series are outstanding, issue rights or warrants to all holders of its shares of
Common Stock entitling them (for a period expiring within 45 days of the record date mentioned
below) to subscribe for or purchase shares of Common Stock at a price per share less than the
current market price per share of Common Stock (as defined in paragraph (d) below) at such record
date, the Conversion Price of any series of Convertible Securities in effect immediately prior to
the issuance of such rights or warrants shall be adjusted as follows: the number of shares of
Common Stock into which $1,000 principal amount of Convertible Securities of such series was
theretofore convertible shall be multiplied by a fraction, of which the numerator shall be the
number of shares of Common Stock outstanding immediately prior to such record date plus the number
of additional shares of Common Stock offered for subscription or purchase, and of which the
denominator shall be the number of shares of Common Stock outstanding immediately prior to such
record date plus the number of shares which the aggregate offering price of the total number of
shares so offered would purchase at such current market price; and the Conversion Price for such
series of Convertible Securities shall be adjusted by dividing $1,000 by the new number of shares
into which $1,000 principal amount of Securities of such series shall be convertible as aforesaid.
Such adjustment shall become effective on the date of such issuance retroactively to immediately
after the opening of business on the day following the record date for the determination of
shareholders entitled to receive such rights or warrants, subject to the provisions of paragraph
(g) of this Section 1505. In determining whether any rights or warrants entitle the holders to
subscribe for or purchase shares of Common Stock at less than such current market price, and in
determining the aggregate offering price of
such shares, there shall be taken into account any consideration received by the Company for
such rights or warrants, the value of such consideration, if other than cash, to be determined by
the Board of Directors.

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     (c) In case the Company shall, at any time from time to time while the Convertible Securities
of any series are outstanding, distribute to all holders of shares of its Common Stock evidences of
its indebtedness or securities or assets (excluding cash dividends or cash distributions payable
out of consolidated net earnings or retained earnings) or rights or warrants to subscribe for
shares of Common Stock at a price per share less than the current market price per share of Common
Stock, determined in the manner set forth in paragraph (d) below, but excluding rights or warrants
referred to in paragraph (b) above, the Conversion Price for such series of Convertible Securities
in effect immediately prior to such distribution shall be adjusted by multiplying the number of
shares of Common Stock into which $1,000 principal amount of Convertible Securities of such series
of Convertible Securities was theretofore convertible by a fraction, of which the numerator shall
be the current market price per share of Common Stock (as defined in paragraph (d) below) on the
record date for such distribution, and of which the denominator shall be such current market price
per share of the Common Stock, less the then fair market value (as determined by the Board of
Directors of the Company, whose determination shall be conclusive) of the portion of such evidences
of indebtedness, securities or assets or of such subscription rights or warrants so distributed
applicable to one share of Common Stock; and the Conversion Price for such series of Convertible
Securities shall be adjusted by dividing $1,000 by the new number of shares into which $1,000
principal amount of Convertible Securities of such series shall be convertible as aforesaid. Such
adjustment shall become effective on the date of such distribution retroactively to immediately
after the opening of business on the day following the record date for the determination of
shareholders entitled to receive such distribution, subject to the provisions of paragraph (g) of
this Section 1505. For the purposes of this paragraph (c) consolidated net earnings or retained
earnings shall be computed by adding thereto all charges against retained earnings on account of
dividends paid in shares of Common Stock in respect of which the Conversion Price has been
adjusted, all as determined by Independent Public Accountants, whose determination shall be
conclusive.

     (d) For the purpose of any computation under paragraphs (b) and (c) above, the current market
price per share of Common Stock at any date shall be deemed to be the average of the market values
of the shares of Common Stock for the ten consecutive Business Days immediately preceding the day
in question. The market value of the Common Stock for each day shall be determined as provided in
Section 1503 hereof.

     (e) The Company may make such reductions in the Conversion Price for any series of Convertible
Securities, in addition to those required by paragraphs (a), (b) and (c) of this Section as it
considers to be advisable in order that any event treated for Federal income tax purposes as a
dividend of stock or stock rights shall not be taxable to the recipients.

     (f) Except as herein otherwise provided, no adjustment in the Conversion Price for any series
of Convertible Securities shall be made by reason of the issuance, in exchange for cash, property
or services, of shares of Common Stock, or any securities convertible into or exchangeable for
shares of Common Stock, or carrying the right to purchase any of the foregoing.

     (g) If the Company shall take a record of the holders of its shares of Common Stock for the
purpose of entitling them to receive any dividend or any subscription or purchase rights or any
distribution and shall, thereafter and before the distribution to shareholders of any such
dividend, subscription or purchase rights or distribution, legally abandon its plan to pay or
deliver such dividend, subscription or purchase rights or distribution, then no adjustment of the
Conversion Price for any series of Convertible Securities shall be required by reason of the taking
of such record.

     (h) No adjustment in the Conversion Price for any series of Convertible Securities shall be
required unless such adjustment would require an increase or decrease of at least 1% in such price;
provided, however, that any adjustments which by reason of this paragraph (h) are not required to
be made shall be

62

 

carried forward and taken into account in any subsequent adjustment. All
calculations under this Article Fifteen shall be made to the nearest cent or to the nearest
one-hundredth of a share, as the case may be.

     (i) Whenever the Conversion Price for any series of Convertible Securities is adjusted as
herein provided, the Company shall (i) forthwith place on file at the Principal Office of the
Trustee an Officers’ Certificate showing in detail the facts requiring such adjustment and the
Conversion Price after such adjustment and shall exhibit the same from time to time to any Holder
of Convertible Securities of such series desiring an inspection thereof, and (ii) cause a notice
stating that such adjustment has been effected and the adjusted Conversion Price to be mailed to
the Holders of Registered Convertible Securities of such series at their last addresses as they
shall appear on the Security Register.

     (j) The Company may delete, modify or vary any of the provisions applicable to conversion of
the Convertible Securities of any series, or may add new provisions applicable thereto, all as may
be contained in the Board Resolutions and Officers’ Certificate or supplemental indenture
establishing such series.

     Section 1506. Effect of Reclassifications, Consolidations, Mergers or Sales on Conversion
Privilege.

     In case of any reclassification or change of outstanding shares of the class of Common Stock
issuable upon conversion of the Convertible Securities (other than a change in par value, or from
par value to no par value, or from no par value to par value, or as a result of a subdivision or
combination), or in case of any merger or consolidation of the Company with one or more other
corporations (other than a merger or consolidation in which the Company is the continuing
corporation and which does not result in any reclassification or change of outstanding shares of
Common Stock issuable upon conversion of the Securities), or in case of the merger of the Company
into another corporation, or in case of any sale or conveyance to another corporation of the
property of the Company as an entirety or substantially as an entirety, the Holder of Convertible
Securities then outstanding shall have the right to convert such Convertible Security into the kind
and amount of shares of capital stock or other securities and property, including cash, receivable
upon such reclassification, change, consolidation, merger, sale or conveyance by a holder of the
number of shares of Common Stock into which such Convertible Security might have been converted
immediately prior to such reclassification, change, consolidation, merger, sale or conveyance. In
any such case the Company, or such successor or purchasing corporation, as the case may be, shall
execute with the Trustee one or more supplemental indentures (which shall conform to the Trust
Indenture Act of 1939 as in force at the date of the execution of such supplemental indenture)
containing provisions to the effect set forth above in this Section 1506 and providing further for
adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided
for in this Article Fifteen; and any such adjustment which shall be approved by the Board of
Directors and set forth in such supplemental indenture or supplemental indentures shall be
conclusive for all purposes of this Section, and the Trustee shall not be under any responsibility
to determine the correctness of any provision contained in such supplemental indenture or
supplemental indentures relating to either the kind or amount of shares of stock or securities or
property receivable by Holders of Securities of any series upon the conversion of their Convertible
Securities after any such reclassification, change, consolidation, merger, sale or conveyance.

     The above provisions of this Section 1506 shall similarly apply to successive
reclassifications, changes, consolidations, mergers, sales and conveyances.

63

 

     Section 1507. Taxes on Conversions.

     The issue of stock certificates on conversions of Convertible Securities shall be made without
charge to the converting Holder of Convertible Securities for any tax in respect of the issue
thereof. The Company shall not, however, be required to pay any tax which may be payable in respect
of any transfer involved in the issue and delivery of shares in any name other than that of the
Holder of any Registered Convertible Security converted, and the Company shall not be required to
issue or deliver any such stock certificate unless and until the Person or Persons requesting the
issue thereof shall have paid to the Company the amount of such tax or shall have established to
the satisfaction of the Company that such tax has been paid.

     Section 1508. Company to Reserve Common Stock.

     The Company shall at all times reserve and keep available out of the aggregate of its
authorized but unissued shares or its issued shares held in its treasury, or both, for the purpose
of effecting the conversion of the Securities, such number of its duly authorized shares of Common
Stock as shall from time to time be sufficient to effect the conversion of all outstanding
Securities.

     If any shares of Common Stock reserved or to be reserved for the purpose of conversion of
Securities hereunder require registration with or approval of any governmental authority under any
Federal or State law before such shares may be validly delivered upon conversion, then the Company
covenants that it will in good faith and as expeditiously as possible endeavor to secure
registration or approval, as the case may be.

     The Company covenants that all shares of Common Stock which may be delivered upon conversion
of Convertible Securities shall upon delivery be fully paid and nonassessable by the Company and
free from all taxes, liens and charges with respect to the issue or delivery thereof.

     Section 1509. Disclaimer by Trustee of Responsibility for Certain Matters.

     Neither the Trustee nor any conversion agent shall at any time be under any duty or
responsibility to any Holder of Convertible Securities of any series to determine whether any facts
exist which may require any adjustment of the Conversion Price for such series, or with respect to
the nature or extent of any such adjustment when made, or with respect to the method employed, or
herein or in any supplemental indenture provided to be employed, in making the same, subject,
however, to the provisions of Sections 315(a) through 315(b) of the Trust Indenture Act. Neither
the Trustee nor any conversion agent shall be accountable with respect to the validity or value (or
the kind or amount) of any shares of Common Stock, or of any securities or property which may at
any time be issued or delivered upon the conversion of any Convertible Security; and neither of
them makes any representation with respect thereto. Neither the Trustee nor any conversion agent
shall be responsible for any failure of the Company to make any cash payment or to issue, transfer
or deliver any shares of Common Stock or stock certificates or other securities or property upon
the surrender of any Security for the purpose of conversion or, subject to Sections 315(a) through
315(b) of the Trust Indenture Act, to comply with any of the covenants of the Company contained in
this Article Sixteen.

     No recourse may be taken with respect to the obligations of the Issuer or the Trustee against
the Trustee in its individual capacity.

     Section 1510. Company to Give Notice of Certain Events.

     In the event:

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	 	(1)	 	that the Company shall pay any dividend or make any distribution to the holders of
shares of Common Stock otherwise than in cash charged against consolidated net earnings or
retained earnings of the Company and its consolidated net earnings or retained earnings of
the Company and its consolidated subsidiaries or in Common Stock; or
	 
	 	(2)	 	that the Company shall offer for subscription or purchase, pro rata, to the holders
of shares of Common Stock any additional shares of stock of any class or any securities
convertible into or exchangeable for stock of any class; or
	 
	 	(3)	 	of any reclassification or change in outstanding shares of the class of Common Stock
issuable upon the conversion of the Securities (other than a change in par value, or from
par value to no par value, or from no par value to par value, or as a result of a
subdivision or combination), or of any merger or consolidation of the Company with, or
merger of the Company into, another corporation (other than a merger or consolidation in
which the Company is the continuing corporation and which does not result in any
reclassification or change of outstanding shares of Common Stock issuable upon conversion
of the Securities), or of any sale or conveyance to another corporation of the property of
the Company as an entirety or substantially as an entirety;

then, and in any one or more of such events, the Company will give to the Trustee and each
conversion agent written notice thereof at least fifteen days prior to (i) the record date fixed
with respect to any of the events specified in (1) and (2) above, and (ii) the effective date of
any of the events specified in (3) above; and shall mail promptly a copy of such notice to the
Holders of Registered Convertible Securities at their last addresses as they shall appear upon the
Security Register. Failure to give such notice, or any defect therein, shall not affect the
legality or validity of such dividend, distribution, reclassification, consolidation, merger, sale,
transfer, dissolution, liquidation or winding up.

* * * * *

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

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

	 	 	 	 	 	 	 
	 	 	FIRST FINANCIAL BANCORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY,	 	 
	 	 	not in its individual capacity but solely as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

Name:
	 	 
	 

	 	 	 	Title:	 	 

65

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