Document:

Exhibit 10.43  

AMENDMENT NO. 1

TO EMPLOYMENT AGREEMENT  

        Reference is made to the Employment Agreement dated as of April 16, 2002 (the "Employment Agreement") entered into between American Spectrum
Realty, Inc., a Maryland corporation (the "Company") and Patricia A. Nooney ("Executive"). Capitalized terms used but not defined herein shall have the meanings set forth in the Employment
Agreement. 

W I T N E S S E T H:  

        WHEREAS, the Company and Executive are parties to the Employment Agreement; 

        WHEREAS,
the Company and Executive desire to enter into this amendment to the Employment Agreement (the "Amendment") to modify certain of the terms thereof; 

        NOW,
THEREFORE, in consideration of the mutual promises and agreements herein made and intending to be legally bound hereby, the parties hereto agree to amend the Employment Agreement as
follows: 

        1.     The
description of Executive's position with the Company in paragraph 1 of the Employment Agreement is hereby amended to provide that from and after
October 16, 2003, Executive shall be Chief Operating Officer of the Company. 

        2.     The
expiration of the Term (as defined in paragraph 2 of the Employment Agreement) of Executive's employment is hereby extended for one additional year beyond the
current expiration provided for in the Employment Agreement. 

        3.     Executive's
Base Salary (as defined in paragraph 3a. of the Employment Agreement) is hereby increased to $200,000 annually as of October 16, 2003. 

        4.     Except
as expressly amended hereby, the provisions of the Employment Agreement are and shall remain in full force and effect. 

        5.     This
Amendment shall be governed by and construed according to the laws of the State of California without regard to conflicts of laws. This Amendment may be executed on
one or more counterparts, all of which taken together shall be deemed to constitute one and the same instrument. 

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment on this 6th day of October 2003. 

	 	 	AMERICAN SPECTRUM REALTY, INC.
	

 	
 	

By:	
/s/ William J. Carden
 William J. Carden, Chairman
	

 	
 	
/s/ Patricia A. Nooney
PATRICIA A. NOONEYExhibit
4.9

 

 

FORM
OF SENIOR INDENTURE

 

 

 

 

ABGENIX,
INC.

Issuer

 

 

and

 

 

U.S.
BANK NATIONAL ASSOCIATION

Trustee

 

SENIOR
INDENTURE

 

 

Dated as of
       , 2004

 

 

 

 

ABGENIX, INC.

Reconciliation and tie between Trust Indenture Act of 1939 and

Indenture, dated as of          ,
2004

 

	
  Trust Indenture Act Section

  	
   

  	
  Indenture Section

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  §310

  	
   

  	
  (a)(1)

  	
   

  	
   

  	
  6.09

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
   

  	
  6.09

  
	
   

  	
   

  	
  (a)(3)

  	
   

  	
   

  	
  Not
  Applicable

  
	
   

  	
   

  	
  (a)(4)

  	
   

  	
   

  	
  Not
  Applicable

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  6.08

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  6.10

  
	
  §311

  	
   

  	
  (a)

  	
   

  	
   

  	
  6.13

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  6.13

  
	
  §312

  	
   

  	
  (a)

  	
   

  	
   

  	
  7.01

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  7.02(a)

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  7.02(b)

  
	
   

  	
   

  	
  (c)

  	
   

  	
   

  	
  7.02(c)

  
	
  §313

  	
   

  	
  (a)

  	
   

  	
   

  	
  7.03(a)

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  7.03(b)

  
	
   

  	
   

  	
  (c)

  	
   

  	
   

  	
  7.03(a)

  
	
   

  	
   

  	
  (d)

  	
   

  	
   

  	
  7.03(c)

  
	
  §314

  	
   

  	
  (a)

  	
   

  	
   

  	
  7.04

  
	
   

  	
   

  	
  (c)(1)

  	
   

  	
   

  	
  1.02

  
	
   

  	
   

  	
  (c)(2)

  	
   

  	
   

  	
  1.02

  
	
   

  	
   

  	
  (c)(3)

  	
   

  	
   

  	
  Not
  Applicable

  
	
   

  	
   

  	
  (d)

  	
   

  	
   

  	
  Not
  Applicable

  
	
   

  	
   

  	
  (e)

  	
   

  	
   

  	
  1.02

  
	
  §315

  	
   

  	
  (a)

  	
   

  	
   

  	
  6.01(a)

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  6.02

  
	
   

  	
   

  	
  (c)

  	
   

  	
   

  	
  6.01(b)

  
	
   

  	
   

  	
  (d)

  	
   

  	
   

  	
  6.01(c)

  
	
   

  	
   

  	
  (d)(1)

  	
   

  	
   

  	
  6.01(c)

  
	
   

  	
   

  	
  (d)(2)

  	
   

  	
   

  	
  6.01(c)(2)

  
	
   

  	
   

  	
  (d)(3)

  	
   

  	
   

  	
  6.01(c)(3)

  
	
   

  	
   

  	
  (e)

  	
   

  	
   

  	
  5.09

  
	
  §316

  	
   

  	
  (a)

  	
   

  	
   

  	
  5.08

  
	
   

  	
   

  	
  (a)(1)(A)

  	
   

  	
   

  	
  5.08

  
	
   

  	
   

  	
  (a)(1)(B)

  	
   

  	
   

  	
  5.02

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  5.08

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
   

  	
  Not
  Applicable

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  5.05

  
	
  §317

  	
   

  	
  (a)(1)

  	
   

  	
   

  	
  5.03

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
   

  	
  5.03

  
	
   

  	
   

  	
  (b)

  	
   

  	
   

  	
  10.03

  
	
  §318

  	
   

  	
  (a)

  	
   

  	
   

  	
  1.07

  

 

	
   

  	
   

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

  

 

 

 

Table of Contents

 

 

	
  ARTICLE
  ONE

  	
  DEFINITIONS
  AND OTHER PROVISIONS OF GENERAL APPLICATION

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  1.01. Definitions

  	
   

  
	
   

  	
  SECTION
  1.02. Acts of Holders

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  TWO

  	
  SECURITY
  FORMS

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  2.01. Forms Generally

  	
   

  
	
   

  	
  SECTION
  2.02. Form of Trustee’s Certificate of Authentication

  	
   

  
	
   

  	
  SECTION
  2.03. Securities in Global Form

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  THREE

  	
  THE
  SECURITIES 

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  3.01. Amount Unlimited; Issuable in Series

  	
   

  
	
   

  	
  SECTION
  3.02. Denominations

  	
   

  
	
   

  	
  SECTION
  3.03. Authentication and Dating

  	
   

  
	
   

  	
  SECTION
  3.04. Execution of Securities

  	
   

  
	
   

  	
  SECTION
  3.05. Exchange and Registration of Transfer of Securities

  	
   

  
	
   

  	
  SECTION
  3.06. Mutilated, Destroyed, Lost or Stolen Securities

  	
   

  
	
   

  	
  SECTION
  3.07. Temporary Securities

  	
   

  
	
   

  	
  SECTION
  3.08. Payment of Interest; Interest Rights Preserved

  	
   

  
	
   

  	
  SECTION
  3.09. Persons Deemed Owners

  	
   

  
	
   

  	
  SECTION
  3.10. Cancellation

  	
   

  
	
   

  	
  SECTION
  3.11. Computation of Interest

  	
   

  
	
   

  	
  SECTION
  3.12. CUSIP Numbers

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  FOUR

  	
  SATISFACTION
  AND DISCHARGE

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  4.01. Satisfaction and Discharge of Indenture

  	
   

  
	
   

  	
  SECTION
  4.02. Application of Trust Money

  	
   

  
	
   

  	
  SECTION
  4.03. Repayment to Company

  	
   

  
	
   

  	
  SECTION
  4.04. Reinstatement

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  FIVE

  	
  REMEDIES

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  5.01. Events of Default

  	
   

  
	
   

  	
  SECTION
  5.02. Acceleration

  	
   

  
	
   

  	
  SECTION
  5.03. Other Remedies

  	
   

  
	
   

  	
  SECTION
  5.04. Waiver of Defaults and Events of Default

  	
   

  
	
   

  	
  SECTION
  5.05. Control by Majority

  	
   

  
	
   

  	
  SECTION
  5.06. Limitations on Suits

  	
   

  
	
   

  	
  SECTION
  5.07. Collection Suit by Trustee

  	
   

  
				

 

i

 

	
   

  	
  SECTION
  5.08. Trustee May File Proofs of Claim

  	
   

  
	
   

  	
  SECTION
  5.09. Priorities

  	
   

  
	
   

  	
  SECTION
  5.10. Undertaking for Costs

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  SIX

  	
  THE
  TRUSTEE 

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  6.01. Certain Duties and Responsibilities

  	
   

  
	
   

  	
  SECTION
  6.02. Notice of Defaults

  	
   

  
	
   

  	
  SECTION
  6.03. Certain Rights of Trustee

  	
   

  
	
   

  	
  SECTION
  6.04. Not Responsible for Recitals or Issuance of Securities

  	
   

  
	
   

  	
  SECTION
  6.05. May Hold Securities

  	
   

  
	
   

  	
  SECTION
  6.06. Money Held in Trust

  	
   

  
	
   

  	
  SECTION
  6.07. Compensation and Reimbursement

  	
   

  
	
   

  	
  SECTION
  6.08. Disqualification; Conflicting Interests

  	
   

  
	
   

  	
  SECTION
  6.09. Corporate Trustee Required; Eligibility

  	
   

  
	
   

  	
  SECTION
  6.10. Resignation and Removal; Appointment of Successor

  	
   

  
	
   

  	
  SECTION
  6.11. Acceptance of Appointment by Successor

  	
   

  
	
   

  	
  SECTION
  6.12. Merger, Conversion, Consolidation or Succession to Business

  	
   

  
	
   

  	
  SECTION
  6.13. Preferential Collection of Claims Against Company

  	
   

  
	
   

  	
  SECTION
  6.14. Appointment of Authenticating Agent

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  SEVEN

  	
  HOLDER’S
  LISTS AND REPORTS BY TRUSTEE AND COMPANY

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  7.01. Company to Furnish Trustee Names and Addresses of Holders

  	
   

  
	
   

  	
  SECTION
  7.02. Preservation of Information; Communications to Holders

  	
   

  
	
   

  	
  SECTION
  7.03. Reports by Trustee

  	
   

  
	
   

  	
  SECTION
  7.04. Reports by Company

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  EIGHT

  	
  CONSOLIDATION,
  MERGER, SALE, CONVEYANCE OR LEASE

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION 8.01. Consolidations and Mergers of
  Company and Conveyances Permitted Subject to Certain Conditions

  	
   

  
	
   

  	
  SECTION
  8.02. Successor Substituted

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  NINE

  	
  SUPPLEMENTAL
  INDENTURES

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  9.01. Supplemental Indentures without Consent of Holders

  	
   

  
	
   

  	
  SECTION
  9.02. Supplemental Indentures and Waiver with Consent of Holders

  	
   

  
	
   

  	
  SECTION
  9.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures

  	
   

  
	
   

  	
  SECTION
  9.04. Notation on Securities

  	
   

  
	
   

  	
  SECTION
  9.05. Evidence of Compliance of Supplemental Indenture to be Furnished
  Trustee

  	
   

  
				

 

ii

 

	
  ARTICLE
  TEN

  	
  COVENANTS

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  10.01. Payment of Principal and Interest

  	
   

  
	
   

  	
  SECTION
  10.02. Maintenance of Office or Agency

  	
   

  
	
   

  	
  SECTION
  10.03. Money for Security Payments to be Held in Trust

  	
   

  
	
   

  	
  SECTION
  10.04. Compliance Certificates

  	
   

  
	
   

  	
  SECTION
  10.05. Corporate Existence

  	
   

  
	
   

  	
  SECTION
  10.06. Waiver of Certain Covenants

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  ELEVEN

  	
  REDEMPTION
  OF SECURITIES

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  11.01. Applicability of Article

  	
   

  
	
   

  	
  SECTION
  11.02. Notice of Redemption; Selection of Securities

  	
   

  
	
   

  	
  SECTION
  11.03. Payment of Securities Called for Redemption

  	
   

  
	
   

  	
   

  
	
  ARTICLE
  TWELVE

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SECTION
  12.01. Form of Documents Delivered to Trustee

  	
   

  
	
   

  	
  SECTION
  12.02. Notices

  	
   

  
	
   

  	
  SECTION
  12.03. Notice to Holders; Waiver

  	
   

  
	
   

  	
  SECTION
  12.04. Trust Indenture Act Controls

  	
   

  
	
   

  	
  SECTION
  12.05. Certificate and Opinion as to Conditions Precedent

  	
   

  
	
   

  	
  SECTION
  12.06. Statements Required in Certificate or Opinion

  	
   

  
	
   

  	
  SECTION
  12.07. Table of Contents, Headings, etc.

  	
   

  
	
   

  	
  SECTION
  12.08. Successors and Assigns

  	
   

  
	
   

  	
  SECTION
  12.09. Separability Clause

  	
   

  
	
   

  	
  SECTION
  12.10. Benefits of Indenture

  	
   

  
	
   

  	
  SECTION
  12.11. Rules by Trustee and Agents.

  	
   

  
	
   

  	
  SECTION
  12.12. No Personal Liability of Directors, Officers, Employees and
  Stockholders.

  	
   

  
	
   

  	
  SECTION
  12.13. Governing Law

  	
   

  
	
   

  	
  SECTION
  12.14. Legal Holidays

  	
   

  
	
   

  	
  SECTION
  12.15. Indenture and Securities Solely Corporate Obligations

  	
   

  
	
   

  	
  SECTION
  12.16. No Security Interest Created

  	
   

  
	
   

  	
  SECTION
  12.17. Counterpart Originals

  	
   

  
	
   

  	
  SECTION
  12.18. No Adverse Interpretation of Other Agreements

  	
   

  
					

 

iii

 

FORM OF SENIOR INDENTURE, dated as of
          , 2004 between
Abgenix, Inc., a Delaware corporation (hereinafter called the “Company”), and
U.S. Bank National Association, a national banking association organized and
existing under the laws of the United States, as Trustee (the “Trustee”).

 

RECITALS OF
THE COMPANY

 

WHEREAS, the Company has duly authorized the
execution and delivery of this Indenture to provide for the issuance from time
to time of its unsecured debentures, notes or other evidences of indebtedness
to be issued in one or more series (the “Securities”), as in this Indenture
provided, up to such principal amount or amounts as may from time to time be
authorized in or pursuant to one or more Board Resolutions; and

 

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

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

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

 

ARTICLE ONE

 

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

 

SECTION 1.01.  Definitions.

 

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

 

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

 

(2)   all
other terms used herein that are defined in the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein;

 

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

 

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

 

“Act”  when used with
respect to any Holder has the meaning specified in Section 1.02.

 

 

“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” (including, with
correlative meanings, the terms “controlling,” “controlled by” and “under common control with”) 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 agreement or otherwise.

 

“Authenticating Agent” means any authenticating agent
appointed by the Trustee pursuant to Section 6.14.

 

“Board of Directors” means the board of directors of the
Company or any duly authorized committee of that board or any director or
directors and/or officer or officers of the Company to whom that board or
committee shall have duly delegated its authority.

 

“Board Resolution” means (1) 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 any duly authorized committee of that
board and to be in full force and effect on the date of such certification, or
(2) a certificate signed by the director or directors and/or officer or
officers to whom the Board of Directors or any duly authorized committee of
that board shall have duly delegated its authority, in each case delivered to
the Trustee for the Securities of any series.

 

“Business Day” means each day that is not a Legal Holiday.

 

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

 

“Company” means Abgenix, Inc., and any and all successors
thereto.

 

“Company Request” and “Company
Order” mean, respectively, a written request or order signed in the
name of the Company by two (2) Officers and delivered to the Trustee.

 

“Corporate Trust Office” of the Trustee means the corporate
trust office of the Trustee at which at any particular time the trust created
by this Indenture shall be principally administered, which office as of the
date hereof is located at 633 West Fifth Street, 24th Floor, Los
Angeles, California 90071, Attention: 
Corporate Trust Services.

 

“Default”means
any event that is, or after notice or lapse of time or both would be, an Event
of Default.

 

“Defaulted Interest” has the meaning specified in Section
3.08.

 

“Depositary” means a clearing agency registered under the
Securities Exchange Act of 1934, as amended, or any successor thereto, which
shall in either case be designated by the Corporation pursuant to Section 3.01,
until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include
each Person who is then a Depositary hereunder, and if at any time there is
more than

 

2

 

one such
Person, “Depositary” as used with respect to the Securities of any series shall
mean the Depositary with respect to the Securities of that series.

 

“Event of Default” has the meaning specified in Article Five.

 

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

 

“Global Security” means a Security evidencing all or part of
a series of Securities, including, without limitation, any temporary or
permanent Global Securities.

 

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

 

“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 shall include the form and terms of particular series of
Securities established as contemplated hereunder; 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 particular series of Securities for which such
person is Trustee established as contemplated by Section 3.01, exclusive,
however, of any provisions or terms which relate solely to other series of
Securities for which such Person is not Trustee, regardless of when such terms
or provisions were adopted, 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.

 

“interest” when used with respect to non-interest bearing
Securities means interest payable after Maturity.

 

“Interest Payment Date” means the Stated Maturity of an
installment of interest on the Security (in the case of an interest-bearing
Security).

 

 “Legal Holiday” means each Saturday and
Sunday and each day on which state or federally chartered banking institutions
in New York, New York and the state in which the Corporate Trust Office is
located are not required to be open.

 

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

 

“Officer” means the Chairman of the Board, the President, any
Vice President, the Chief Financial Officer, the Treasurer, an Assistant
Treasurer, the Controller, an Assistant Controller, the Secretary or an
Assistant Secretary of the Company.

 

 “Officers’ Certificate”
means a certificate signed by two (2) Officers and delivered to the Trustee.

 

3

 

“Opinion of Counsel” means a written opinion of counsel who
is reasonably acceptable to the Trustee, who may be counsel for the
Company.  The counsel may be an employee
of or counsel to the Company, any Subsidiary of the Company or the Trustee.

 

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

 

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

 

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

 

(iii)      Securities in exchange
for or in lieu of which other Securities have been authenticated and delivered
pursuant to this Indenture;

 

provided, however, that in determining whether
the Holders of the requisite aggregate principal amount of Outstanding
Securities have given any request, demand, authorization, direction, notice,
consent or waiver hereunder, Securities owned by the Company or any Affiliate
of the Company shall be disregarded and deemed not to be Outstanding, except
that, in determining whether the Trustee shall be protected in relying upon any
such request, demand, authorization, direction, notice, consent or waiver, only
Securities that 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 established 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 Affiliate of the Company.

 

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

 

“Person” means any individual, corporation, limited liability
company, partnership, joint venture, association, joint-stock company, trust,
estate, unincorporated organization or government or any agency or political
subdivision thereof, and shall include any syndicate or group that would be
deemed to be a person under Section 13(d)(3) of the Exchange Act.

 

“Redemption Date” when used with respect to any Security to
be redeemed means the date fixed for such redemption by or pursuant to the
Board Resolution or supplemental indenture establishing the series of
Securities of which the Security to be redeemed is a member.

 

“Redemption Price” when used with respect to any Security to be
redeemed means the price at which it is to be redeemed pursuant to the Board
Resolution or supplemental indenture establishing the series of Securities of
which the Security to be redeemed is a member.

 

4

 

“Regular Record Date” for the
interest payable on any Interest Payment Date (in the case of an
interest-bearing Security) means such date or dates as may be fixed for such
purpose in the Board Resolution or supplemental indenture establishing the
series of Securities of which the Security is a member.

 

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

 

“Securities” has the meaning stated in the first recital of
this Indenture and more particularly means any Securities authenticated and
delivered under this Indenture; provided, however, that if at any time there is
more than one Person acting as Trustee under this instrument, “Securities” with
respect to the Indenture as to which such Person is Trustee shall have the
meaning stated in the first recital of this instrument and shall more
particularly mean Securities authenticated and delivered under this instrument,
exclusive, however of Securities of any series as to which such Person is not
Trustee.

 

“Security Register” and “Security
Registrar”, have the meanings specified in Section 3.05.

 

“Significant Subsidiary” means any Subsidiary that would be a
“significant
subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X,
promulgated pursuant to the Securities Act, as such Regulation is in effect on
the date of this Indenture.

 

“Special Record Date” for the payment of any Defaulted
Interest means a date fixed by the Trustee pursuant to Section 3.08.

 

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

 

“Subsidiary” means, in respect of any Person, any
corporation, association, partnership or other business entity of which more
than 50% of the total voting power of shares of Capital Stock or other
interests (including partnership interests) entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers,
general partners or trustees thereof is at the time owned or controlled,
directly or indirectly, by (i) such Person; (ii) such Person and one
or more Subsidiaries of such Person; or (iii) one or more Subsidiaries of
such Person.

 

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

 

5

 

“Trust Indenture Act” or “TIA” means the Trust Indenture Act of
1939, as amended by the Trust Indenture Reform Act of 1990, as in force and
effect at the date as of which this instrument was executed, except as provided
in Section 9.03.

 

“United States” means the United States excluding its
territories and possessions.

 

SECTION 1.02.  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;
and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee,
and, where it is hereby expressly required, to the Company.  Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to
as the “Act” of the Holders signing such instrument or instruments.  Proof of execution of any such instrument or
of a writing appointing any such agent shall be sufficient for any purpose of
this Indenture and (subject to Section 6.01) 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.

 

(b)   The
fact and date of the execution by any Person of any such instrument or writing
may be proved by the affidavit of a witness of such execution or by the certificate
of any notary public or other officer authorized by law to take acknowledgments
of deeds, certifying that the individual signing such instrument or writing
acknowledged to him the execution thereof. 
Where such execution is by an officer of a corporation or association or
a member of a partnership or an official of a public or governmental body, on
behalf of such corporation, association, partnership, or public or governmental
body or by a fiduciary, such certificate or affidavit shall also constitute
sufficient proof of his authority.  The
fact and date of the execution by any Person of any such instrument or writing,
or the authority of the Person executing the same, may also be proved in any
other manner which the Trustee deems sufficient and in accordance with such
reasonable rules as the Trustee may determine.

 

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

 

(d)   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 Security issued upon the 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, any
Authenticating Agent or the Company in reliance thereon, whether or not
notation of such action is made upon such Securities.

 

ARTICLE TWO

 

SECURITY FORMS

 

SECTION 2.01.  Forms
Generally.  The Securities of
each series shall be in substantially such form as shall be established by or
pursuant to a Board Resolution or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions
and other variations as are required or permitted by this Indenture, and may
have

 

6

 

such letters, numbers or other
marks of identification and such legends or endorsements placed thereon as may
be required to comply with any law or with any rules made pursuant thereto or
with any rules of any securities exchange or as may, consistently herewith, be
determined by the officers executing such Securities, as evidenced by their
execution of the Securities.

 

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

 

SECTION 2.02. 
Form of Trustee’s Certificate of
Authentication.  The
Trustee’s certificate of authentication on all Securities 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.

 

	
   

  	
   

  	
   

  	
  U.S. Bank
  National Association,

  as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Dated:

  	
   

  
					

 

SECTION 2.03.  Securities
in Global Form.  If any
Security of a series is issuable in global form, such Global Security may
provide that it shall represent the aggregate amount of Outstanding Securities
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
reduced to reflect exchanges. Any endorsement of a Global Security to reflect
the amount, or any increase or decrease in the amount, of Outstanding
Securities represented thereby shall be made by the Trustee and in such manner
as shall be specified in such Global Security. Any instructions by the Company
with respect to a Global Security, after its initial issuance, shall be in
writing.

 

None of the Company, the Trustee, any Paying
Agent or the Security Registrar will have any responsibility or liability for
any aspect of the records relating to or payments made on account of beneficial
ownership interests of a Global Security or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests.

 

ARTICLE THREE

 

THE SECURITIES

 

SECTION 3.01.  Amount
Unlimited; Issuable in Series.  The aggregate principal amount of Securities which may be
authenticated and delivered under this Indenture is unlimited.

 

7

 

The Securities may be issued in one or more
series and the Securities of each such series shall rank equally and pari passu with the Securities of each
other series.  There shall be
established in or pursuant to a Board Resolution or established in one or more
indentures supplemental hereto, prior to the issuance of Securities of any
series,

 

(1)           the
title of the Securities of the series, including CUSIP Numbers (which shall
distinguish the Securities of the series from all other Securities);

 

(2)          any
limit upon the aggregate principal amount of the Securities of the series which
may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of the series pursuant to Section 3.05,
3.06, 3.07, 9.04 or 11.03);

 

(3)          the
date or dates on which the principal and premium, if any, of the Securities of
the series is payable;

 

(4)          the
rate or rates at which the Securities of the series shall bear interest, or the
method by which such rate or rates shall be determined, if any, the date or
dates from which such interest shall accrue, or the method by which such date
or dates shall be determined, the interest payment dates on which such interest
shall be payable and the record dates for the determination of Holders to whom
interest is payable;

 

(5)          the
place or places, if any, in addition to or instead of the Corporate Trust
Office of the Trustee, where the principal of (and premium, if any) and
interest on Securities of the series shall be payable; the extent to which, or
the manner in which, any interest payable on any Global Security on an Interest
Payment Date will be paid, if other than in the manner provided in Section
3.08; and the manner in which any principal of, or premium, if any, on, any
Global Security will be paid, if other than as set forth elsewhere herein;

 

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

 

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

 

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

 

(9)          if
other than the principal amount thereof, the portion of the principal amount of
Securities of the series which shall be payable upon declaration of
acceleration of the maturity thereof pursuant to Section 5.02 or provable in
bankruptcy pursuant to Section 5.03;

 

(10)        any
Events of Default with respect to the Securities of a particular series, if not
set forth herein or if other than as set forth herein;

 

8

 

(11)        whether
the Securities of the series shall be issued in whole or in part in the form of
one or more Global Securities and, in such case, the Depositary for such Global
Security or Securities; the manner in which and the circumstances under which
Global Securities representing Securities of the series may be exchanged for
Securities in definitive form, if other than, or in addition to, the manner and
circumstances specified in Section 3.07;

 

(12)        the
ranking of the Securities of such series, if other than on a parity with all
other unsecured, unsubordinated indebtedness of the Company;

 

(13)        provisions,
if any, with regard to the conversion or exchange of the Securities of such
series, at the option of the Holders thereof or the Company, as the case may
be, for or into new Securities of a different series or common stock or other
securities of the Company;

 

(14)        any
trustees, depositaries, authenticating or paying agents, transfer agents or
registrars or any other agents with respect to the Securities of such series;
and

 

(15)        any
other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture).

 

All Securities of any one series shall be
substantially identical except as to denomination and except as may otherwise
be provided in or pursuant to such resolution of the Board of Directors or in
any such indenture supplemental hereto.

 

SECTION 3.02. 
Denominations.  The Securities of each series shall be
issuable in registered form without coupons in such denominations as shall be
specified as contemplated by Section 3.01. 
In the absence of any such specification with respect to the Securities
of any series, the Securities of such series shall be issuable in denominations
of $1,000 and any integral multiple thereof.

 

SECTION 3.03.  Authentication and Dating.  At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Securities of
any series executed by the Company to the Trustee for authentication.  Except as otherwise provided in this Article
Three, the Trustee shall thereupon authenticate and deliver said Securities to
or upon a Company Order, signed by two Officers of the Company by manual or
facsimile signature.  In authenticating
such Securities, and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall receive, and (subject
to Section 6.01) shall be fully protected in relying upon:

 

(1)          a
copy of any Board Resolution relating thereto and, if applicable, an
appropriate record of any action taken pursuant to such resolution, in each
case certified by the Secretary or an Assistant secretary of the Company;

 

(2)          an
executed supplemental indenture, if any; and

 

(3)          an
Officers’ Certificate;

 

9

 

(a)          an Opinion of Counsel, which shall
also state that such Securities, when authenticated and delivered by the
Trustee and issued by the Company in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute valid and legally binding
obligations of the Company, enforceable in accordance with their terms, subject
to bankruptcy, insolvency, reorganization and other laws of general
applicability relating to or affecting the enforcement of creditors’ rights and
to general equity principles.

 

The Trustee shall have the right to decline
to authenticate and deliver any Securities under this Section 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 Security shall be dated the date of its
authentication.

 

SECTION 3.04.  Execution of Securities.  The Securities shall be signed in the name
and on behalf of the Company by the manual or facsimile signatures of two
Officers of the Company (which may be printed, engraved or otherwise reproduced
thereon, by facsimile or otherwise). 
Only such Securities as shall bear thereon a certificate of
authentication substantially in the form hereinbefore recited, executed by the
Trustee, shall be entitled to the benefits of this Indenture or be valid or
obligatory for any purpose.  Such
certificate by the Trustee upon any Security executed by the Company shall be
conclusive evidence that the Security so authenticated has been duly
authenticated and delivered hereunder and that the Holder is entitled to the
benefits of this Indenture.

 

In case any Officer of the Company who shall
have signed any of the Securities shall cease to be such officer before the
Securities so signed shall have been authenticated and delivered by the
Trustee, or disposed of by the Company, such Securities nevertheless may be
authenticated and delivered or disposed of as though the person who signed such
Securities had not ceased to be such officer of the Company; and any Security
may be signed on behalf of the Company by such persons as, at the actual date
of the execution of such Security, shall be the proper officers of the Company,
although at the date of the execution of this Indenture any such person was not
such an officer.

 

SECTION 3.05.  Exchange and Registration of Transfer of
Securities.  Securities of
any series may be exchanged for a like aggregate principal amount of Securities
of the same series of other authorized denominations.  Securities to be exchanged shall be surrendered at the office or
agency to be maintained by the Company, as provided in Section 10.02.  The Trustee is hereby appointed “Security
Registrar” for the purpose of the registration of Securities and of transfer of
Securities in the Security Register as herein provided.  The Company shall cause to be kept at the
Corporate Trust Office of the Trustee a register for each series of Securities
issued hereunder (hereinafter collectively referred to as the “Security Register”) in which, subject to
such reasonable regulations at it may prescribe, the Company shall provide for
the registration of Securities and the transfer of Securities as in this
Article Three provided.  The Security
Register shall be in written form or in any other form capable of being converted
into written form within a reasonable time. 
Upon due presentment for registration of transfer of any Security of any
series at such office or agency, the Company shall execute and the Trustee
shall register,

 

10

 

authenticate and deliver in the
name of the transferee or transferees a new Security or Securities of the same
series for an equal aggregate principal amount.

 

All Securities presented for registration of
transfer or for exchange, redemption or payment shall (if so required by the
Company or the Security Registrar) be duly endorsed by, or be accompanied by a
written instrument or instruments of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the registered Holder or
his attorney duly authorized in writing.

 

No service charge shall be made for any
exchange or registration of transfer 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 therewith.

 

The Company shall not be required to exchange
or register the transfer of (a) any Securities of any series for a period of 15
days preceding the first mailing or publication of notice of redemption of
Securities of such series to be redeemed, or (b) any Securities selected,
called or being called for redemption except, in the case of any Security to be
redeemed in part, the portion thereof not so to be redeemed.

 

SECTION 3.06. 
Mutilated, Destroyed, Lost or Stolen Securities.
 In case any temporary or
definitive Security shall become mutilated or be destroyed, lost or stolen, the
Company in the case of a mutilated Security shall, and in the case of a lost,
stolen or destroyed Security may in its discretion, execute, and upon its
request the Trustee shall authenticate and deliver, a new Security of the same
series bearing a number, letter or other distinguishing symbol not
contemporaneously outstanding, in exchange and substitution for the mutilated
Security, or in lieu of and in substitution for the Security so destroyed, lost
or stolen, or if any such Security shall have matured or shall be about to
mature, instead of issuing a substituted Security, the Company may pay or
authorize the payment of the same without surrender thereof (except in the case
of a mutilated Security).  In every case
the applicant for a substituted Security shall furnish to the Company and to
the Trustee such security or indemnity as may be required by them to save each
of them harmless, and, in every case of destruction, loss or theft, the
applicant shall also furnish to the Company and to the Trustee evidence to
their satisfaction of the destruction, loss or theft of such Security and of
the ownership thereof.

 

The Trustee may authenticate any such
substituted Security and deliver the same upon the written request or
authorization of any Officer of the Company. 
Upon the issuance of any substituted Security, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses connected
therewith and in addition a further sum not exceeding two dollars for each
Security so issued in substitution.

 

Every substituted Security issued pursuant to
the provisions of this Section 3.06 by virtue of the fact that any Security is
destroyed, lost or stolen shall constitute an additional contractual obligation
of the Company, whether or not the destroyed, lost or stolen Security shall be
found at any time, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Securities of that series
duly issued hereunder.  All Securities
shall be held and owned upon the express condition that the foregoing
provisions are exclusive with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities and shall preclude

 

11

 

(to the extent lawful) any and
all other rights or remedies with respect to the replacement or payment of
negotiable instruments or other securities without their surrender.

 

SECTION 3.07. 
Temporary Securities.  Pending the preparation of definitive
Securities of any series the Company may execute and the Trustee shall
authenticate and deliver temporary Securities (printed or lithographed).  Temporary Securities shall be issuable in
any authorized denomination and substantially in the form of the definitive
Securities but with such omissions, insertions and variations as may be
appropriate for temporary Securities, all as may be determined by the
Company.  Every such temporary Security
shall be executed by the Company and shall be authenticated by the Trustee upon
the same conditions and in substantially the same manner, and with the same
effect, as the definitive Securities. 
Without unreasonable delay the Company will execute and deliver to the
Trustee definitive Securities of such series and thereupon any or all temporary
Securities of such series may be surrendered in exchange therefore, at the
Corporate Trust Office of the Trustee, and the Trustee shall authenticate and
deliver in exchange for such temporary Securities an equal aggregate principal
amount of definitive Securities.  Such
exchange shall be made by the Company at its own expense and without any charge
therefor except that in case of any such exchange involving any registration of
transfer the Company may require payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in relation thereto.  Until so exchanged, the temporary Securities
shall in all respects be entitled to the same benefits under this Indenture as
definitive Securities authenticated and delivered hereunder.

 

If the Company
shall establish pursuant to Section 3.01 that the Securities of a series are to
be issued in whole or in part in the form of one or more Global Securities,
then the Company shall execute and the Trustee shall, in accordance with
Section 3.03 and the Company Order with respect to such series, authenticate and
deliver one or more Global Securities in temporary or permanent form that (i)
shall represent and shall be denominated in an amount equal to the aggregate
principal amount of the Outstanding Securities of such series to be represented
by one or more Global Securities, (ii) shall be registered in the name of the
Depositary for such Global Security or Securities or the nominee of such
depositary, and (iii) shall bear a legend substantially to the following
effect: “This Security may not be transferred except as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to
the Depositary or another nominee of the Depositary or by the Depositary or any
such nominee to a successor Depositary or a nominee of such successor Depositary,
unless and until this Security is exchanged in whole or in part for Securities
in definitive form” and such other legend as may be required by the Depositary.

 

Notwithstanding
any other provision of this Section or Section 3.05, unless and until it is
exchanged in whole or in part for Securities in definitive form, a Global
Security representing all or a portion of the Securities of a series may not be
transferred except as a whole by the Depositary for such series to a nominee of
such depositary or by a nominee of such depositary to such depositary or
another nominee of such depositary or by such depositary or any such nominee to
a successor Depositary for such series or a nominee of such successor
depositary.

 

If at any time the
Depositary for the Securities of a series notifies the Company that it is
unwilling or unable to continue as Depositary for the Securities of such series
or if at any time the Depositary for Securities of a series shall no longer be
a clearing agency registered and in good standing under the Securities Exchange
Act of 1934, as amended, or other applicable

 

12

 

statute
or regulation, the Company shall appoint a successor Depositary with respect to
the Securities of such series. If a successor Depositary for the Securities of
such series is not appointed by the Company within 90 days after the Company
receives such notice or becomes aware of such condition, the Company will
execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of definitive Securities of such series, will
authenticate and deliver, Securities of such series in definitive form in an
aggregate principal amount equal to the principal amount of the Global Security
or Securities representing such series in exchange for such Global Security or
Securities.

 

The Company may at
any time and in its sole discretion determine that the Securities of any series
issued in the form of one or more Global Securities shall no longer be
represented by such Global Security or Securities. In such event, the Company
will execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of definitive Securities of such series, will
authenticate and deliver, Securities of such series in definitive form and in
an aggregate principal amount equal to the principal amount of the Global
Security or Securities representing such series in exchange for such Global
Security or Securities.

 

If the Securities
of any series shall have been issued in the form of one or more Global
Securities and if an Event of Default with respect to the Securities of such
series shall have occurred and be continuing, the Company will promptly
execute, and the Trustee, upon receipt of a Company Order for the authentication
and delivery of definitive Securities of such series, will authenticate and
deliver Securities of such series in definitive form and in an aggregate
principal amount equal to the principal amount of the Global Security or
Securities representing such series in exchange for such Global Security or
Securities.

 

If specified by
the Company pursuant to Section 3.01 with respect to Securities of a series,
the Depositary for such series of Securities may surrender a Global Security
for such series of Securities in exchange in whole or in part for Securities of
such series in definitive form on such terms as are acceptable to the Company
and such depositary. Thereupon, the Company shall execute and the Trustee shall
authenticate and deliver, without charge:

 

(1)          to
each Person specified by the Depositary a new Registered Security or Securities
of the same series, of any authorized denomination as requested by such Person
in an aggregate principal amount equal to and in exchange for such Person’s
beneficial interest in the Global Security; and

 

(2)          to
the Depositary a new Global Security in a denomination equal to the difference,
if any, between the principal amount of the surrendered Global Security and the
aggregate principal amount of Securities delivered to Holders thereof.

 

Upon the exchange of a Global Security in
whole for Securities in definitive form, such Global Security shall be
cancelled by the Trustee. Securities so issued in exchange for a Global
Security shall be registered in such names and in such authorized denominations
as the Depositary for such Global Security, pursuant to instructions from its
direct or indirect participants or otherwise, shall instruct the Trustee. The
Trustee shall deliver such Securities to the Persons in whose names such
Securities are so registered.

 

13

 

SECTION 3.08. 
Payment of Interest; Interest Rights
Preserved.  Interest on any
Security which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall be paid to the Person in whose name that Security
is registered at the close of business on the Regular Record Date for such
interest.

 

Any interest on any Security which is
payable, but is not punctually paid or duly provided for, on any Interest
Payment Date or within 30 days thereafter (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the registered Holder on the relevant
Regular Record Date by virtue of having been such Holder; and such Defaulted
Interest may be paid by the Company, at its election in each case, as provided
in clause (1) or (2) below:

 

(1)          The
Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Securities are registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest, which shall be fixed in
the following manner.  The Company shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to
be paid on each Security and the date of the proposed payment, and at the same
time the Company shall deposit with the Trustee an amount of money equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or
shall make arrangements satisfactory to the Trustee for such deposit prior to
the date of the proposed payment, such money when deposited to be held in trust
for the benefit of the Persons entitled to such Defaulted Interest as in this
clause provided.  Thereupon the Trustee
shall fix a Special Record Date for the payment of such Defaulted Interest
which shall be not more than 15 days and not less than 10 days prior to the
date of the proposed payment and not less than 10 days after the receipt by the
Trustee of the notice  of the proposed
payment.  The Trustee shall promptly
notify the Company of such Special Record Date and, in the name and at the
expense of the Company, shall cause notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor to be mailed,
first-class postage prepaid, to each Holder at his address as it appears in the
Security Register not less than 10 days prior to such Special Record Date. The
Trustee may, in its discretion, in the name and at the expense of the Company,
cause a similar notice to be published at least once in a newspaper,
customarily published in the English language on each Business Day and of
general circulation in the Borough of Manhattan, The City of New York, but such
publication shall not be a condition precedent to the establishment of such
Special Record Date.  Notice of the
proposed payment of such Defaulted Interest and the Special Record Date
therefor having been mailed as aforesaid, such Defaulted Interest shall be paid
to the Persons in whose names the Securities are registered on such Special
Record Date and shall no longer be payable pursuant to the following clause
(2).

 

(2)          The
Company may make payment of any Defaulted Interest in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the
Securities may be listed, and upon such notice as may be required by such
exchange, if after notice given by the Company to the Trustee of the proposed
payment pursuant to this clause, such manner of payment shall be deemed
practicable by the Trustee.

 

Subject to the foregoing provisions of this
Section, each Security delivered under this Indenture upon registration of
transfer of or in exchange for or in lieu of any other Security shall

 

14

 

carry the rights to interest
accrued and unpaid, and to accrue, which were carried by such other Security.

 

SECTION 3.09.  Persons Deemed Owners.  Prior to due presentment of a Security for
registration of transfer, the Company, the Trustee, the Authenticating Agent
and any agent of the Company or the Trustee may treat the Person in whose name
the Security is registered as the owner of such Security for the purpose of
receiving payment of principal of, and (subject to Section 3.08) interest on,
such Security and for all other purposes whatsoever, whether or not such
Security be overdue, and neither the Company, the Trustee, the Authenticating
Agent nor any agent of the Company or the Trustee shall be affected by notice
to the contrary.

 

SECTION 3.10.  Cancellation.  All Securities surrendered for payment,
redemption, registration of transfer or exchange shall, if surrendered to any
Person other than the Trustee, be delivered to the Trustee, and any such
Securities and Securities surrendered directly to the Trustee for any such purpose
shall be promptly cancelled by it.  The
Company may at any time deliver to the Trustee for cancellation any Securities
previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and all Securities so delivered shall be
promptly cancelled by the Trustee.  No
Securities shall be authenticated in lieu of or in exchange for any Securities
cancelled as provided in this Section, except as expressly permitted by this Indenture.  All cancelled Securities held by the Trustee
shall be disposed of by the Trustee in its customary manner.

 

SECTION 3.11. 
Computation of Interest.  Except as otherwise specified as
contemplated by Section 3.01 for Securities of any Series, interest on the
Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months.

 

SECTION 3.12.  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.

 

ARTICLE FOUR

 

SATISFACTION
AND DISCHARGE

 

SECTION 4.01. 
Satisfaction and Discharge of
Indenture.  This Indenture
shall cease to be of further effect (except as to any surviving rights of
registration of transfer or exchange of Securities herein expressly provided
for), and the Trustee, on demand of and at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this
Indenture, when:

 

(1)          either:

 

(A)   all
Securities theretofore authenticated and delivered (other than (i) Securities
which have been destroyed, lost or stolen and which have been

 

15

 

replaced or paid as provided in Section 3.06 and (ii) Securities for
whose payment money has theretofore been deposited in trust or segregated and
held in trust by the Company and thereafter repaid to the Company or discharged
from such trust, as provided in Section 10.03) have been delivered to the
Trustee for cancellation; or

 

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

 

(i)        have
become due and payable, or

 

(ii)       will
become due and payable at their Stated Maturities within one year, or

 

(iii)      are
to be called for redemption within one year under arrangements satisfactory to
the Trustee for the giving of notice of redemption by the Trustee in the name,
and at the expense, of the Company,

 

and the Company in the case of (i), (ii) or (iii) above, has deposited
or caused to be deposited with the Trustee as trust funds in trust for the
purpose an amount sufficient to pay and discharge the entire indebtedness on
such Securities not theretofore delivered to the Trustee for cancellation, for
principal (and premium, if any) and interest to the date of such deposit (in
the case of Securities that 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 have been complied with.

 

Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 6.07 and the obligations of the Trustee to
any Authenticating Agent under Section 6.14 shall survive such satisfaction and
discharge.

 

SECTION 4.02.  Application of Trust Money.  All money deposited with the Trustee
pursuant to Section 4.01 shall be held in trust and applied by it, in
accordance with the provisions of the Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal (and premium, if any) and interest 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.

 

SECTION 4.03.   Repayment
to Company.  The Trustee and
each Paying Agent shall promptly pay to the Company upon request any excess
money (1) deposited with them pursuant to Section 4.02 and (2) held
by them at any time.

 

16

 

The Trustee and
each Paying Agent shall pay to the Company upon request any money held by them
for the payment of principal or interest that remains unclaimed for two years
after a right to such money has matured; provided, however, that
the Trustee or such Paying Agent, before being required to make any such
payment, may at the expense of the Company cause to be mailed to each Holder
entitled to such money notice that such money remains unclaimed and that after
a date specified therein, which shall be at least 30 days from the date of such
mailing, any unclaimed balance of such money then remaining will be repaid to
the Company.  After payment to the
Company, Holders entitled to money must look to the Company for payment as
general creditors unless an applicable abandoned property law designates
another person.

 

SECTION 4.04.  Reinstatement.   If the Trustee or any Paying
Agent is unable to apply any money in accordance with Section 4.02 by reason of
any legal proceeding or by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Company’s obligations under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred
pursuant to Section 4.01 until such time as the Trustee or such Paying Agent is
permitted to apply all such money in accordance with Section 4.02; provided,
however, that if the Company has made any payment of the principal of or
interest on any Securities because of the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Securities to
receive any such payment from the money held by the Trustee or such Paying
Agent.

 

ARTICLE FIVE

 

REMEDIES

 

SECTION 5.01. 
Events of Default.

 

“Events of Default”,
wherever used herein with respect to Securities of any series, means any one of
the following events and such other events as may be established with respect
to the Securities of that series as contemplated by Section 3.01 hereof
(whatever the reasons for such Event of Default and whether it shall be
voluntary or involuntary 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):

 

(a)        the
Company defaults in the payment of any interest on any Security when the same
becomes due and payable and the default continues for a period of 30 days; or

 

(b)      the
Company defaults in the payment of any principal of (including, without
limitation, any premium, if any, on) any Security when the same becomes due and
payable (whether at maturity, upon redemption or otherwise); or

 

(c)       the
Company fails to comply with any of its other agreements contained in the
Securities or this Indenture and the default continues for the period and after
the notice specified below;

 

(d)      the
commencement by the Company or any Significant Subsidiary of the Company of a
voluntary case or proceeding under any applicable U.S. federal or state
bankruptcy, insolvency, reorganization or other similar law or of any other
case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by
the Company or

 

17

 

any Significant Subsidiary to the entry of a decree or order for relief
in respect of the Company or any Significant Subsidiary of the Company in an
involuntary case or proceeding under any applicable U.S. federal or state
bankruptcy, insolvency, reorganization or other similar law or to the
commencement of any bankruptcy or insolvency case or proceeding against the
Company or any Significant Subsidiary of the Company, or the filing by the
Company or any Significant Subsidiary of the Company of a petition or answer or
consent seeking reorganization or relief under any applicable U.S. federal or
state law, or the consent by the Company or any Significant Subsidiary of the
Company to the filing of such petition or to the appointment of or the taking
possession by a custodian of the Company or any Significant Subsidiary of the
Company or of any substantial part of their properties, or the making by the
Company or any Significant Subsidiary of the Company of an assignment for the
benefit of creditors, or the admission by the Company or any Significant
Subsidiary of the Company in writing of their inability to pay its debts
generally as they become due, or the taking of corporate action by the Company
or any Significant Subsidiary of the Company expressly in furtherance of any
such action.

 

A default under
clause (c) above is not an Event of Default until the Trustee notifies the
Company, or the Holders of at least 25% in aggregate principal amount of the
Securities then outstanding notify the Company and the Trustee in writing of
the default, and the Company does not cure the default within 60 days after
receipt of such notice.  The notice
given pursuant to this Section 5.01 must specify the default, demand that it be
remedied and state that the notice is a “Notice of Default.”  When any default under this Section 5.01 is
cured, it ceases.

 

The Trustee shall
not be charged with knowledge of any Event of Default unless written notice
thereof shall have been given to a Trust Officer at the Corporate Trust Office
of the Trustee by the Company, a Paying Agent, any Holder or any agent of any
Holder.

 

SECTION 5.02. 
Acceleration.

 

If an Event of
Default (other than an Event of Default specified in clause (d) of Section
5.01) occurs and is continuing, the Trustee may, by notice to the Company, or
the Holders of at least 25% in aggregate principal amount of the Securities
then outstanding may, by notice to the Company and the Trustee, declare all
unpaid principal to the date of acceleration on the Securities then outstanding
(if not then due and payable) to be due and payable upon any such declaration,
and the same shall become and be immediately due and payable.  If an Event of Default specified in
clause (d) of Section 5.01 occurs, all unpaid principal of the Securities
then outstanding shall ipso facto become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any
Holder.  The Holders of a majority in
aggregate principal amount of the Securities then outstanding by notice to the
Trustee may rescind an acceleration and its consequences if (a) all
existing Events of Default, other than the nonpayment of the principal of the
Securities which has become due solely by such declaration of acceleration,
have been cured or waived; (b) to the extent the payment of such interest
is lawful, interest on overdue installments of interest and overdue principal,
which has become due otherwise than by such declaration of acceleration, has
been paid; (c) the rescission would not conflict with any judgment or
decree of a court of competent jurisdiction; and (d) all payments due to
the Trustee and any predecessor Trustee under Section 6.07 have been made.  No such rescission shall affect any
subsequent default or impair any right consequent thereto.

 

18

 

SECTION 5.03. 
Other Remedies.

 

If an Event of
Default occurs and is continuing, the Trustee may, but shall not be obligated
to, pursue any available remedy by proceeding at law or in equity to collect
the payment of the principal of or interest on the Securities or to enforce the
performance of any provision of the Securities or this Indenture.

 

The Trustee may maintain a proceeding even if
it does not possess any of the Securities or does not produce any of them in
the proceeding.  A delay or omission by
the Trustee or any Holder in exercising any right or remedy accruing upon an
Event of Default shall not impair the right or remedy or constitute a waiver of
or acquiescence in the Event of Default. 
No remedy is exclusive of any other remedy.  All available remedies are cumulative to the extent permitted by
law.

 

SECTION 5.04.  Waiver of
Defaults and Events of Default. 
Subject to Section 9.02, the Holders of a majority in aggregate
principal amount of the Securities then outstanding by notice to the Trustee
may waive an existing default or Event of Default and its consequence, except a
default or Event of Default in the payment of the principal of, premium, if
any, or interest on any Security or any default or Event of Default in respect
of any provision of this Indenture or the Securities which, under Section 9.02,
cannot be modified or amended without the consent of the Holder of each
Security affected.  When a default or
Event of Default is waived, it is cured and ceases.

 

SECTION 5.05. 
Control by Majority.  The Holders of a majority in aggregate
principal amount of the Securities then outstanding may 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 it.  However, the Trustee may refuse to follow any direction that
conflicts with law or this Indenture, that the Trustee determines may be unduly
prejudicial to the rights of another Holder or the Trustee, or that may involve
the Trustee in personal liability unless the Trustee is offered indemnity
satisfactory to it; provided, however,
that the Trustee may take any other action deemed proper by the Trustee which
is not inconsistent with such direction.

 

SECTION 5.06.  Limitations
on Suits.  A Holder may not
pursue any remedy with respect to this Indenture or the Securities (except
actions for payment of overdue principal or interest) unless:

 

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

 

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

 

(3)       such
Holder or Holders offer to the Trustee reasonable indemnity to the Trustee
against any loss, liability or expense;

 

(4)       the
Trustee does not comply with the request within 60 days after receipt of the
request and the offer of indemnity; and

 

19

 

(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 aggregate principal
amount of the Securities then outstanding.

 

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

 

SECTION 5.07. 
Collection Suit by Trustee.  If an Event of Default in the payment of
principal or interest specified in clause (a) or (b) of Section 5.01
occurs and is continuing, the Trustee may recover judgment in its own name and
as trustee of an express trust against the Company or another obligor on the
Securities for the whole amount of principal and accrued interest remaining
unpaid, together with, to the extent that payment of such interest is lawful,
interest on overdue principal and on overdue installments of interest, in each
case at the rate per annum borne by the Securities and such further amount as
shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel.

 

SECTION 5.08. 
Trustee May File Proofs of Claim.  The Trustee may file such proofs of claim
and other papers or documents as may be necessary or advisable in order to have
the claims of the Trustee (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel)
and the Holders allowed in any judicial proceedings relative to the Company (or
any other obligor on the Securities), its creditors or its property and shall
be entitled and empowered to collect and receive any money or other property
payable or deliverable on any such claims and to distribute the same, and any
receiver, trustee, assignee, liquidator, sequestrator or similar official in
any such judicial proceeding is hereby authorized by each Holder to make such
payments to the Trustee and, in the event that the Trustee shall consent to the
making of such payments directly to the Holders, to pay to the Trustee any
amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 6.07, and to the extent that such payment of the reasonable
compensation, expenses, disbursements and advances in any such proceedings
shall be denied for any reason, payment of the same shall be secured by a lien
on, and shall be paid out of, any and all distributions, dividends, money,
securities and other property which the Holders may be entitled to receive in
such proceedings, whether in liquidation or under any plan of reorganization or
arrangement or otherwise.  Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent
to, or, on behalf of any Holder, to authorize, accept or adopt any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
or the rights of any Holder thereof, or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding.

 

SECTION 5.09. 
Priorities.  If the Trustee collects any money pursuant to
this Article Five, it shall pay out the money in the following order:

 

First, to the Trustee for amounts due under
Section 6.07;

 

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

 

20

 

Third, the
balance, if any, to the Company.

 

The Trustee may
fix a record date and payment date for any payment to Holders pursuant to this
Section 5.09.

 

SECTION 5.10. 
Undertaking for Costs.   In any suit for the enforcement of any
right or remedy under this Indenture or in any suit against the Trustee for any
action taken or omitted by it as Trustee, a court in its discretion may require
the filing by any party litigant in the suit of an undertaking to pay the costs
of the suit, and the court in its discretion may assess reasonable costs,
including reasonable attorneys’ fees and expenses, against any party litigant
in the suit, having due regard to the merits and good faith of the claims or
defenses made by the party litigant. 
This Section 5.10 does not apply to a suit made by the Trustee or a
suit by Holders of more than 10% in aggregate principal amount of the
Securities then outstanding.

 

ARTICLE SIX

 

THE TRUSTEE

 

SECTION 6.01. 
Certain Duties and Responsibilities.

 

(a)   Except
during the continuance of an Event of Default,

 

(1)       the
Trustee undertakes to perform such duties, and only such duties, as are
specifically set forth in this Indenture or the Trust Indenture Act, and no
implied covenants or obligations shall be read into this Indenture against the
Trustee; and

 

(2)       in
the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed
therein, upon certificates or opinions furnished to the Trustee and conforming
to the requirements of this Indenture; but in the case of any such certificates
or opinions which by any provisions hereof are specifically required to be
furnished to the Trustee, the Trustee shall be under a duty to examine the same
to determine whether or not they substantially conform to the requirements of
this Indenture (but needs not confirm or investigate the accuracy of
mathematical calculations or other facts stated therein).

 

(b)   In
case an Event of Default actually known to a Responsible Officer of the Trustee
with respect to the Securities of a series has occurred and is continuing, the
Trustee shall exercise such of the rights and powers vested in it by this
Indenture with respect to such series, and use the same degree of care and
skill in their exercise, as a prudent man would exercise or use under the
circumstances in the conduct of his own affairs.

 

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

 

(1)       this
Subsection shall not be construed to limit the effect of Subsection (a) of this
Section;

 

21

 

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

 

(3)       the
Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the Holders
pursuant to Section 5.05 relating to the time, method and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust
or power conferred upon the Trustee, under this Indenture; and

 

(4)       no
provision of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of
its duties hereunder, or in the exercise of any of its rights or powers.

 

(d)   The
Trustee shall not be obligated to pay interest on any money or other assets
received by it unless otherwise agreed with the Company.  Assets held in trust by the Trustee need not
be segregated from other funds except to the extent required by law.

 

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

 

SECTION 6.02.  Notice of Defaults.

 

Within 90 days after the occurrence of any
Default with respect to the Securities of any series, the Trustee shall
transmit by mail to all Holders of Securities of that Series, as their names
and addresses appear in the Security Register, notice of all Defaults with
respect to that Series actually known to a Responsible Officer of the Trustee,
unless such Defaults shall have been cured or waived before the giving of such
notice; provided, however, that,
except in the case of a Default in the payment of the principal of or premium,
if any, or interest on any of the Securities of such series, the Trustee shall
be protected in withholding such notice if and so long as the Board 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.

 

SECTION 6.03.  Certain
Rights of Trustee.

 

Except as otherwise provided in Section 6.01:

 

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

 

(b)      any
request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or Company Order and any resolution of the Board
of Directors may be sufficiently evidenced by a Board Resolution;

 

22

 

(c)       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;

 

(d)      the
Trustee may consult with the counsel of its own 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;

 

(e)       the
Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request or direction of any of the
Holders pursuant to this Indenture, unless such Holders shall have offered to
the Trustee security or indemnity satisfactory to it against the costs,
expenses and liabilities which might be incurred by it in complying with such
request or direction;

 

(f)       the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, 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 expense of the Company and shall incur no
liability of any kind by reason of such inquiry or investigation;

 

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

 

(h)      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 pursuant to Section 12.02, and such notice references the
Securities and this Indenture; and

 

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

 

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

 

23

 

SECTION 6.04.  Not
Responsible for Recitals or Issuance of Securities.

 

The recitals contained herein and in the
Securities, except the Trustee’s certificate of authentication, shall be taken
as the statements of the Company, and the Trustee and any Authenticating Agent
assume no responsibility for their correctness.  The Trustee and any Authenticating Agent make no representations
as to the validity or sufficiency of this Indenture or of the Securities.  The Trustee shall not be accountable for the
use or application by the Company of the Securities or the proceeds thereof.

 

SECTION 6.05.  May Hold
Securities.

 

The Trustee, any Paying Agent, Security
Registrar, Authenticating Agent or any other agent of the Company or of the
Trustee, in its individual or any other capacity, may become the owner or
pledgee of Securities and, subject to Sections 6.08 and 6.13, may otherwise
deal with the Company with the same rights it would have if it were not
Trustee, Paying Agent, Security Registrar, Authenticating Agent or such other
agent.

 

SECTION 6.06.  Money Held
in Trust.

 

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

 

SECTION 6.07.  Compensation
and Reimbursement.

 

The Company agrees:

 

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

 

(2)        except
as otherwise expressly provided herein, to reimburse the Trustee upon its
request for all 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 expenses and disbursements of
its agents and counsel), except any such expense, disbursement or advance as
shall be determined by a court of competent jurisdiction to have been caused by
its own negligence or willful misconduct; and

 

(3)        to
fully indemnify the Trustee, any predecessor Trustee and their agents for, and
to hold them harmless against, any and all loss, liability, claim, damage,
taxes (other than taxes based upon the income of the Trustee) or expense
(including legal fees and expenses) incurred without negligence or willful
misconduct on their part, arising out of or in connection with the acceptance
or administration of this trust, including the costs and expenses of defending
themselves against any claim (whether asserted by the Company, or any Holder or
any other Person) 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 upon all property and funds held or collected by

 

24

 

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 in connection with an Event of Default specified in Section 5.01(d),
the expenses (including the reasonable charges and expenses of its counsel) and
the compensation for the services are intended to constitute expenses of
administration under any applicable Federal or state bankruptcy, insolvency or
other similar law.

 

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

 

SECTION 6.08.  Disqualification;
Conflicting Interests.

 

The Trustee for the Securities shall be
subject to the provisions of Section 310(b) of the Trust Indenture Act during
the period of time required thereby. Nothing herein shall prevent the Trustee
from filing with the Commission the application referred to in the penultimate
paragraph of Section 310(b) of the Trust Indenture Act. In determining whether
the Trustee has a conflicting interest as defined in Section 310(b) of the
Trust Indenture Act with respect to the Securities of any series, there shall
be excluded Securities of any particular series of Securities other than that
series.

 

SECTION 6.09.  Corporate
Trustee Required; Eligibility.

 

There shall at all
times be a Trustee hereunder which shall be:

 

(1)        a
corporation organized and doing business under the laws of the United States of
America, any state thereof, or the District of Columbia, authorized under such
laws to exercise corporate trust powers, and subject to supervision or
examination by Federal or State authority, or

 

(2)        a
corporation or other Person organized and doing business under the laws of a
foreign government that is permitted to act as a Trustee pursuant to a rule,
regulation, or other order of the Commission, authorized under such laws to
exercise corporate trust powers, and subject to supervision or examination by
authority of such foreign government or a political subdivision thereof
substantially equivalent to supervision or examination applicable to United
States institutional trustee,

 

having (or, in
the case of a subsidiary of a bank holding company, its holding company parent
shall have) a combined capital and surplus of at least $50,000,000 and having
its Corporate Trust Office in the Borough of Manhattan, the City of New York,
or such other city as contemplated by Section 3.01 with respect to any series
of Securities. If such corporation publishes reports of condition at least
annually, pursuant to law or to requirements of the aforesaid supervising or
examining authority, then for the purposes of this Section, the combined capital
and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published.
Neither the Company nor any Person directly or indirectly controlling,
controlled by, or under the common control with the Company shall serve as
Trustee for the Securities. If at any time the Trustee shall cease to be
eligible in accordance

 

25

 

with the
provisions of this Section, it shall resign immediately in the manner and with
the effect hereunder specified in this Article.

 

SECTION 6.10.  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 under Section 6.11.

 

(b)   The
Trustee may resign at any time with respect to one or more or all series of
Securities by giving written notice thereof to the Company.  If an instrument of acceptance by a
successor Trustee required by Section 6.11 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 the Securities of such series.

 

(c)   The
Holders of a majority in aggregate principal amount of the Securities of one or
more series (each series voting as a class) or all series at the time
Outstanding may at any time remove the Trustee with respect to the applicable
series or all series, as the case may be, and by written notice of such action
to the Company, the Trustee and the successor Trustee, nominate with respect to
the applicable series or all series, as the case may be, a successor Trustee,
which shall be deemed appointed as successor Trustee with respect to the
applicable series unless within ten days after such nomination the Company
objects thereto, in which case the Trustee so removed or any Holder of
Securities of the applicable series who has been a bona fide holder of a
Security or the applicable series for at least six months may, subject to the
provisions of Section 5.09 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 such series.

 

(d)   If
at any time:

 

(1)        the
Trustee shall fail to comply with Section 310(b) of the Trust Indenture Act
pursuant to Section 6.08 hereof after written request therefor by the Company
or by any Holder who has been a bona fide Holder of a Security for at least six
months, unless the Trustee’s duty to resign is stayed in accordance with the
provisions of Section 310(b) of the Trust Indenture Act, or

 

(2)        the
Trustee shall cease to be eligible under Section 6.09 and shall fail to resign
after written request therefor by the Company or by any such Holder, or

 

(3)        the
Trustee shall become incapable of acting, or a decree or order for relief by a
court having jurisdiction in the premises shall have been entered in respect of
the Trustee in an involuntary case under the Federal bankruptcy laws, as now or
hereafter constituted, or any other applicable Federal or State, bankruptcy, insolvency
or similar law; or a decree or order by a court having jurisdiction in the
premises for the appointment of a receiver or custodian or liquidator or
trustee or assignee in bankruptcy or insolvency of the Trustee or of its
property, or for the winding up of its affairs shall have been entered, or

 

26

 

(4)        the
Trustee shall commence a voluntary case under the Federal bankruptcy laws, as
now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or similar law, or shall consent to the appointment of a
receiver or custodian or liquidator or trustee or assignee in bankruptcy or
insolvency of it or of its property, or shall make an assignment for the
benefit of creditors, or shall fail generally to pay its debts as they become
due, or corporate action shall be taken by the Trustee in furtherance of any
such action,

 

then, in any
such case, (i) the Company by a Board Resolution may remove the Trustee, or
(ii) subject to Section 5.09, any Holder who has been a bona fide Holder of a
Security for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee.

 

(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 a Board Resolution, shall promptly
appoint a successor Trustee to the vacated office.  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, become
the successor Trustee with respect to the Securities of such series and
supersede the successor Trustee appointed by the Company.  If no successor Trustee shall have been so
appointed by the Company or the Holders and accepted appointment in the manner
hereinafter provided, any Holder who has been a bona fide Holder of a Security
of such series for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Securities of such
series.

 

(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 Securities of such series as their names and addresses appear in the
Security Register.  Each notice shall
include the name of the successor Trustee with respect to the Securities of
such series and the address of its Corporate Trust Office.

 

SECTION 6.11.  Acceptance
of Appointment by Successor.

 

Every successor Trustee appointed hereunder
shall execute, acknowledge and deliver to the Company and to the retiring
Trustee an instrument accepting such appointment, and thereupon the resignation
or removal of the retiring Trustee shall become effective and such successor
Trustee, without any further act, deed or conveyance, shall become vested with
all the rights, powers, trusts and duties of the retiring Trustee; but, on
request of the Company or the successor Trustee, such retiring Trustee shall,
upon payment of its charges, execute and deliver an instrument transferring to
such successor Trustee all the rights, powers and trusts of the retiring
Trustee, and shall duly assign, transfer and deliver to such successor Trustee
all property and money held by such retiring Trustee hereunder, subject
nevertheless to its lien, if any, provided for in Section 6.07.  Upon request of any such successor Trustee,
the Company shall

 

27

 

execute any and all instruments
for more fully and certainly vesting in and confirming to such successor
Trustee all such rights, powers and trusts.

 

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 predecessor Trustee and each successor Trustee with
respect to the Securities of any applicable series shall execute and deliver an
indenture supplemental hereto which shall contain such provisions as shall be
deemed necessary or desirable to confirm that all the rights, powers, trusts
and duties of the predecessor Trustee with respect to the Securities of any
series as to which the predecessor Trustee is not retiring shall continue to be
vested in the predecessor Trustee, and shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such trustees, co-trustees of the same trust and that each 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.

 

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 6.12.  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 (including the administration of
the trust created by this Indenture), 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 Security shall have
been authenticated, but not delivered, by the Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Trustee
may adopt such authentication and deliver the Securities so authenticated with
the same effect as if such successor Trustee had itself authenticated such
Securities.

 

SECTION 6.13.  Preferential
Collection of Claims Against Company.

 

The Trustee
shall comply with TIA Section 311(a), excluding any creditor relationship
listed in TIA Section 311(b).  A
Trustee who has resigned or been removed shall be subject to TIA
Section 311(a) to the extent indicated therein.

 

SECTION 6.14.  Appointment
of Authenticating Agent.

 

At any time when any of the Securities remain
Outstanding the Trustee may appoint an Authenticating Agent or Agents which
shall be authorized to act on behalf of the Trustee to authenticate Securities
issued upon exchange, transfer or partial redemption thereof or pursuant to
Section 3.06, 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

 

28

 

include authentication and
delivery on behalf of the Trustee by an Authenticating Agent and a certificate
of authentication executed on behalf of the Trustee by an Authenticating
Agent.  Each Authenticating Agent shall
be acceptable to the Company and shall at all times be a bank or trust company
or corporation organized and doing business and in good standing under the laws
of the United States of America, or of any State, authorized under such laws to
act as Authenticating Agent, having a combined capital and surplus of not less
than $1,500,000 and subject to supervision or examination by Federal or State
authorities.  If such Authenticating
Agent publishes reports of condition at least annually, pursuant to law or to
the requirements of the aforesaid supervising or examining authority, then for
the purposes of this Section, the combined capital and surplus of such
Authenticating Agent shall be deemed to be its combined capital and surplus as
set forth in its most recent report of condition so published.  In case at any time an Authenticating Agent
shall cease to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section.

 

Any corporation into which an Authenticating
Agent may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which
such Authenticating Agent shall be a party, or any corporation succeeding to
the corporate agency or corporate trust business of an Authenticating Agent,
shall continue to be an Authenticating Agent 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 at any time
resign by giving written notice of resignation to the Trustee and to the
Company.  The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice of
termination to such Authenticating Agent and to the Company.  Upon receiving such a notice of resignation
or upon such a termination, or in case at any time such Authenticating Agent
shall cease to be eligible in accordance with the provisions of this Section,
the Trustee may appoint a successor Authenticating Agent which shall be
acceptable to the Company and shall mail notice of such appointment to all
Holders, as their names and addresses appear on the Security Register.  Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all the
rights, powers and duties of its predecessor hereunder, with like effect as if
originally named as an Authenticating Agent herein.  No successor Authenticating Agent shall be appointed unless
eligible under the provisions of this Section.

 

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

 

If an appointment is made pursuant to this
Section, the Securities shall have endorsed thereon, in addition to the
Trustee’s Certificate, an alternate Trustee’s Certificate in the following
form:

 

This is one of the Securities described in
the within-mentioned Indenture.

 

29

 

	
   

  	
   

  	
   

  	
  U.S. Bank
  National Association,

  as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Authenticating Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Dated:

  	
   

  
						

 

ARTICLE SEVEN

 

HOLDER’S LISTS AND REPORTS BY TRUSTEE AND
COMPANY

 

SECTION 7.01.  Company to
Furnish Trustee Names and Addresses of Holders.

 

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

 

(a)        semi-annually (and not
more than 15 days after each Regular Record Date of each series of Securities
having such a Regular Record Date), a list, in such form as the Trustee may
reasonable require, of the names and addresses of the Holders as of such
Regular Record Date, and

 

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

 

excluding from any such list names and
addresses received by the Trustee in the capacity of Security Registrar if the
Trustee is then acting in such capacity.

 

SECTION 7.02.  Preservation
of Information; Communications to Holders.

 

(a)   The
Trustee shall preserve, in as current a form as is reasonably practicable, the
names and addresses of Holders contained in the most recent list furnished to
the Trustee as provided in Section 7.01 and the names and addresses of Holders
received by the Trustee in the capacity of Security Registrar if the Trustee is
then acting in such capacity.  The Trustee
may destroy any list furnished to it as provided in Section 7.01 upon receipt
of a new list so furnished.

 

(b)   If
three or more Holders (hereinafter referred to as “applicants”) apply in
writing to the Trustee, and furnish to the Trustee reasonable proof that each
such applicant has owned a Security for a period of at least six months
preceding the date of such application, and such application states that the
applicants desire to communicate with other Holders with respect to

 

30

 

their rights under this Indenture or under
the Securities and is accompanied by a copy of the form of proxy or other
communication which such applicants propose to transmit, then the Trustee
shall, within five business days after the receipt of such application, at its
election, either:

 

(i)    afford such applicants
access to the information preserved at the time by the Trustee in accordance
with Section 7.02(a), or

 

(ii)           inform such
applicants as to the approximate number of Holders whose names and addresses
appear in the information preserved at the time by the Trustee in accordance
with Section 7.02(a), and as to the approximate cost of mailing to such Holders
the form of proxy or other communication, if any, specified in such
application.

 

If the Trustee shall elect not to afford such
applicants access to such information, the Trustee shall, upon the written
request of such applicants, mail to each Holder whose name and address appears
in the information preserved at the time by the Trustee in accordance with
Section 7.02(a), a copy of the form of proxy or other communication which is
specified in such request, with reasonable promptness after a tender to the
Trustee of the material to be mailed and of payment, or provision for the
payment, of the reasonable expenses of mailing, unless within five days after
such tender, the Trustee shall mail to such applicants and file with the
Commission, together with a copy of the material to be mailed, a written
statement to the effect that, in the opinion of the Trustee, such mailing would
be contrary to the best interests of the Holders or would be in violation of
applicable law.  Such written statement
shall specify the basis of such opinion. 
If the Commission, after opportunity for a hearing upon the objections
specified in the written statement so filed, shall enter an order refusing to
sustain any of such objections or if, after the entry of an order sustaining
one or more of such objections, the Commission shall find, after notice and
opportunity for hearing, that all the objections so sustained have been met and
shall enter an order so declaring, the Trustee shall mail copies of such
material to all such Holders with reasonable promptness after the entry of such
order and the renewal of such tender; otherwise the Trustee shall be relieved
of any obligation or duty to such applicants respecting their application.

 

(c)   Every
Holder of Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee nor any
Authenticating Agent 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 in accordance with Section 7.02(b),
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 7.02(b).

 

SECTION 7.03.  Reports by
Trustee.

 

(a)   Within
60 days after May 15 of each year commencing with the year
20    , the Trustee shall transmit by mail to all Holders,
as their names and addresses appear in the Security Register, a brief report
dated as of May 15 with respect to any of the following events which may have
occurred within the prior 12 months (but if no such event has occurred within
such period no report need be transmitted):

 

31

 

(1)        any
change to its eligibility under Section 6.09 and its qualifications under
Section 6.08;

 

(2)        the
creation of any material change to a relationship specified in Section
310(b)(1) through Section 310(b)(10) of the Trust Indenture Act;

 

(3)        the
character and amount of any advances (and if the Trustee elects so to state the
circumstances surrounding the making thereof) made by the Trustee (as such)
that remain unpaid on the date of such report, and for the reimbursement of
which it claims or may claim a lien or charge, prior to that of the Securities,
on any property or funds held or collected by it as Trustee, except that the
Trustee shall not be required (but may elect) to report such advances if such
advances so remaining unpaid aggregate not more than 1/2 of 1% of the principal
amount of the Outstanding Securities on the date of such report;

 

(4)        any
change to the amount, interest rate and maturity date of all other indebtedness
owing by the Company (or by any other obligor on the Securities) to the Trustee
in its individual capacity, on the date of such report, with a brief
description of any property held as collateral security therefor, except an
indebtedness based upon a creditor relationship arising in any manner described
in Section 6.13(b)(2), (3), (4) or (6);

 

(5)        any
change to the property and funds, if any, physically in the possession of the
Trustee as such on the date of such report;

 

(6)        any
additional issue of Securities which the Trustee has not previously reported;
and

 

(7)        any
action taken by the Trustee in the performance of its duties hereunder that it
has not previously reported and that in its opinion materially affects the
Securities, except action in respect of a default, notice of which has been or
is to be withheld by the Trustee in accordance with Section 6.02.

 

(b)   The
Trustee shall transmit by mail to all Holders, as their names and addresses
appear in the Security Register, a brief report with respect to the character
and amount of any advances (and if the Trustee elects so to state, the
circumstances surrounding the making thereof) made by the Trustee (as such)
since the date of the last report transmitted pursuant to Subsection (a) of
this Section (or if no such report has yet been so transmitted, since the date
of execution of this instrument) for the reimbursement of which it claims or may
claim a lien or charge, prior to that of the Securities, on property or funds
held or collected by it as Trustee, and which it has not previously reported
pursuant to this Subsection, except that the Trustee shall not be required (but
may elect) to report such advances if such advances remaining unpaid at any
time aggregate 10% or less of the principal amount of the Outstanding
Securities at such time, such report to be transmitted within 90 days after
such time.

 

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

 

32

 

SECTION 7.04.  Reports by
Company.

 

The Company will:

 

(1)        File
with the Trustee, within 15 days after the Company files them with or furnishes
them to the Commission, copies of the annual reports and of the information,
documents and other reports (or copies of such portions of any of the foregoing
as the Commission may from time to time by rules and regulations prescribe)
which the Company may be required to file with the Commission pursuant to Section
13 or Section 15(d) of the Securities Exchange Act of 1934; provided, however,
that delivery of said reports, information and documents to the Trustee by
electronic means shall constitute “filing” of such reports with the Trustee for
purposes of this Section 7.04; provided, further, that the Company shall not be
required to deliver to the Trustee any materials for which the Company has
sought and obtained confidential treatment from the Commission;  and

 

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

 

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, SALE, CONVEYANCE OR
LEASE

 

SECTION 8.01.  Consolidations
and Mergers of Company and Conveyances Permitted Subject to Certain Conditions.

 

The Company shall not consolidate with or
merge into any other Person (in a transaction in which the Company is not the
surviving corporation) or convey, transfer or lease its properties and assets
substantially as an entirety to any Person, unless:

 

(1)        in
case the Company shall consolidate with or merge into another Person (in a
transaction in which the Company is not the surviving corporation) or convey,
transfer or lease its properties and assets substantially as an entirety to any
Person, the Person 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 validly existing 
under the laws of the United States of America, any State thereof or the
District of Columbia and shall expressly assume, by an indenture supplemental
hereto, executed and delivered to the Trustee, in form satisfactory to the
Trustee, the due and punctual payment of the principal of and any premium and
interest on all the Securities and the

 

33

 

performance or observance of every covenant of this Indenture on the
part of the Company to be performed or observed;

 

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

 

SECTION 8.02.  Successor
Substituted.

 

Upon any consolidation of the Company with,
or merger of the Company into, any other Person or any conveyance, transfer or
lease of the properties and assets of the Company substantially as an entirety
in accordance with Section 8.01, 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, the predecessor Person shall be
relieved of all obligations and covenants under this Indenture and the
Securities.

 

ARTICLE NINE

 

SUPPLEMENTAL INDENTURES

 

SECTION 9.01.  Supplemental
Indentures without Consent of Holders.  The Company, when authorized by
a Board Resolution and the Trustee may from time to time and at any time enter
into an indenture or indentures supplemental hereto for one or more of the
following purposes:

 

(a)        to
evidence the succession of another corporation to the Company, or successive
successions, and the assumption by the successor corporation of the covenants,
agreements and obligations of the Company hereunder and the Securities; or

 

(b)        to
convey, transfer, assign, mortgage or pledge to the Trustee as security for the
Securities any property or assets which the Company may desire; or

 

(c)        to
add to the covenants of the Company such further covenants, restrictions or
conditions for the protection 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) as the Board of Directors of the Company and the
Trustee shall consider to be for the protection of the Holders of such
Securities, and to make the occurrence, or the occurrence and continuance, of a
default in any of such additional covenants, restrictions

 

34

 

or conditions a default or an Event of Default permitting the
enforcement of all or any of the several remedies provided in this Indenture as
herein set forth; provided, however,
that in respect of any such additional covenant, restriction or condition such
supplemental indenture may provide for a particular period of grace after
default (which period may be shorter or longer than that allowed in the case of
other defaults) or may provide for an immediate enforcement upon such default
or may limit the remedies available to the Trustee upon such default; or

 

(d)        to
provide for the issuance under this Indenture of Securities in coupon form
(including Securities registrable as to principal only) and to provide for
exchangeability of such Securities with the Securities issued hereunder in
fully registered form and to make all appropriate changes for such purpose; or

 

(e)        to
establish the form or terms of Securities of any series as permitted by
Sections 2.01 and 3.01; or

 

(f)         to
cure any ambiguity or to correct or supplement any provision contained herein
or in any supplemental indenture that may be defective or inconsistent with any
other provision contained herein or in any supplemental indenture, or to make
such other provisions in regard to matters or questions arising under this
Indenture that shall not adversely affect the interests of any Holder in any
material respect; or

 

(g)        to
evidence and provide for the acceptance of appointment hereunder by a successor
trustee with respect to the Securities of one or more series and to add to or
change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one
trustee, pursuant to the requirements of Section 6.11; or

 

(h)        to
surrender any right or power herein conferred upon the Company;

 

(i)         to
comply with the requirements of the Commission in order to maintain the
qualification of this Indenture under the Trust Indenture Act; or

 

(j)         to
add or modify any other provisions with respect to matters or questions arising
under this Indenture which the Company and the Trustee may deem necessary or
desirable; provided, however, that
such action pursuant to this clause (j) does not, in the good faith opinion of
the Board of Directors of the Company (as evidenced by a Board Resolution) and
the Trustee, adversely affect the interests of any Holder of Securities in any
material respect; or

 

(k)        to
modify the covenants or Events of Default solely in respect of, or add new
covenants or Events of Default that apply solely to, Securities not Outstanding
on the date of such supplemental indenture.

 

The Trustee is hereby authorized to join with
the Company in the execution of any such supplemental indenture, to make any
further appropriate agreements and stipulations which may be therein contained
and to accept the conveyance, transfer, assignment, mortgage or pledge of any
property thereunder, but the Trustee shall not be obligated to, but may in its
discretion, enter

 

35

 

into any such supplemental
indenture which affects the Trustee’s own rights, duties or immunities under
this Indenture or otherwise.

 

Any supplemental indenture authorized by the
provisions of this Section 9.01 may be executed by the Company and the Trustee
without the consent of the Holders of any of the Securities at the time
Outstanding, notwithstanding any of the provisions of Section 9.02.

 

SECTION 9.02.  Supplemental
Indentures and Waiver with Consent of Holders. 
With the consent
(evidenced as provided in Section 1.02) of the Holders of not less than a
majority in aggregate principal amount of the Outstanding Securities of each
series affected by such supplemental indenture (each series voting separately
as a class), the Company, when authorized by a Board Resolution, and the
Trustee may from time to time and at any time enter into an indenture or
indentures supplemental hereto for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture
or of any supplemental indenture or of modifying in any manner or eliminating
any of the provisions of this Indenture or of any supplemental indenture or of
modifying in any manner the rights of the Holders of the Securities of each
such series; and the Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of each series affected by such waiver
(each series voting separately as a class) may waive the Company’s compliance
with any of the provisions of this Indenture or of any supplemental indenture;
provided, however, that no such supplemental indenture or waiver shall, without
the consent of the Holder of each affected Security, (i) change the Stated
Maturity of any Security, or reduce the rate or change the time of payment of
interest thereon, or reduce the principal amount thereof or any premium
thereon, or make the principal thereof or interest or premium thereon payable
in any coin or currency other than that provided in the Securities or impair
the right to institute suit for 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 adversely affect the right of repayment, if any, at the
option of the Holder or (ii) reduce the aforesaid percentage of Securities, the
Holders of which are required to consent to any such supplemental indenture, or
the Holders of which are required for any waiver (of compliance with certain
provisions of this Indenture or certain defaults hereunder and their
consequences) provided for in this Indenture without the consent of the Holder
of each Security.  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.

 

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

 

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

 

36

 

SECTION 9.03.  Compliance
with Trust Indenture Act; Effect of Supplemental Indentures.  Any
supplemental indenture executed pursuant to the provisions of this Article Nine
shall comply with the Trust Indenture Act of 1939, as then in effect.  Upon the execution of any supplemental
indenture pursuant to the provisions of this Article Nine, this Indenture shall
be deemed to be modified and amended in accordance therewith and the respective
rights, limitations of rights, obligations, duties and immunities under this Indenture
of the Trustee, the Company, and the Holders shall thereafter be determined,
exercised and enforced hereunder subject in all respects to such modifications
and amendments and all the terms and conditions of any such supplemental
indenture shall be and be deemed to be part of the terms and conditions of this
Indenture for any and all purposes.

 

SECTION 9.04.  Notation on
Securities.  Securities authenticated and delivered after
the execution of any supplemental indenture pursuant to the provisions of this
Article Nine may bear a notation in form approved by the Trustee as to any
matter provided for in such supplemental indenture.  If the Company or the Trustee shall so determine, new Securities
of any series so modified as to conform, in the opinion of the Trustee and the
Board of Directors, to any modification of this Indenture contained in any such
supplemental indenture may be prepared and executed by the Company,
authenticated by the Trustee and delivered in exchange for the Securities of
such series then Outstanding.

 

SECTION 9.05.  Evidence of
Compliance of Supplemental Indenture to be Furnished Trustee.

 

The Trustee,
subject to the provisions of Section 6.01, shall be provided with an Officers’
Certificate and an Opinion of Counsel as conclusive evidence that any
supplemental indenture executed pursuant hereto complies with the requirements
of this Article Nine.

 

ARTICLE TEN

 

COVENANTS

 

SECTION 10.01.  Payment of
Principal and Interest.

 

The Company
will duly and punctually pay or cause to be paid the principal of, premium, if
any, and interest, if any, on the Securities in accordance with the terms of
the Securities and this Indenture.

 

SECTION 10.02.  Maintenance
of Office or Agency.

 

The Company
shall maintain an office or agency where Securities may be presented or
surrendered for payment and an office or agency where Securities may be
surrendered for transfer or exchange and where notices and demands to or upon
the Company in respect of the Securities and this Indenture may be served.  The Corporate Trust Office of the Trustee
shall be such office of the Company, and the Trustee shall be the agent of the
Company for all of the foregoing purposes, unless the Company shall designate
and maintain some other office or agency for such purposes and give the Trustee
written notice of the location thereof. 
The Company will give prompt written notice to the Trustee of any change
in the location of any such office or agency. 
If at any time the Company shall fail to maintain any such required
office

 

37

 

or agency, the
Corporate Trust Office of the Trustee shall be conclusively deemed to be the
agency of the Company for all such purposes.

 

SECTION 10.03.  Money for
Security Payments to be Held in Trust.

 

If the Company
shall at any time act as its own Paying Agent, it will, on or before each due
date of the principal of or premium, if any, or interest on, any of the
Securities, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay the principal or 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 it will, on each due date of the
principal of or interest on, any Securities, deposit with a Paying Agent a sum
sufficient to pay the principal or 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 or premium, if any, 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 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 or premium, if any, or
interest on Securities 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) in the making of any payment of principal or premium, if any, or
interest; 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 trusts as
those upon which such sums were held by the Company or such Paying Agent; and,
upon such payment by any Paying Agent to the Trustee, such Paying Agent shall
be released from all further liability with respect to such money.

 

Any money
deposited with the Trustee or any Paying Agent, or then held by the Company, in
trust for the payment of the principal of or premium, if any, or interest on
any Security and remaining unclaimed for two years after such principal or
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 shall thereafter,
as an unsecured general creditor, look only to the Company for payment thereof,

 

38

 

and all
liability of the Trustee or such Paying Agent with respect to such trust money,
and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or
such Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a newspaper published in
the English language, customarily published on each Business Day and of general
circulation in the Borough of Manhattan, The City of New York, notice that such
money remains unclaimed and that, after a date specified therein, which shall
not be less than 30 days from the date of such publication, any unclaimed less
than 30 days from the date of such publication, any unclaimed balance of such
money then remaining will be repaid to the Company.

 

SECTION
10.04.  Compliance Certificates.

 

The Company
shall deliver to the Trustee, within 90 days after the end of each fiscal year
of the Company (beginning with the fiscal year ending December 31,
20   ), an Officers’ Certificate as to the signer’s knowledge of
the Company’s compliance with all conditions and covenants on its part
contained in this Indenture and stating whether or not the signer knows of any
Default or Event of Default.  If such
signer knows of such a Default or Event of Default, the Officers’ Certificate
shall describe the Default or Event of Default and the efforts to remedy the
same.  For the purposes of this
Section 10.04, compliance shall be determined without regard to any grace
period or requirement of notice provided pursuant to the terms of this
Indenture.

 

SECTION 10.05.  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.

 

SECTION 10.06.  Waiver of
Certain Covenants.

 

The Company
may omit in any particular instance to comply with any covenant or condition
set forth in Section 10.05 or any covenant added for the benefit of any series
of Securities as contemplated by Section 3.01, if before or after the time for
such compliance the Holders of at least a majority in principal amount of the
Securities of such series at the time Outstanding shall, by Act of such
Holders, waive such compliance in such instance, but no such waiver shall
extend to or affect such covenant 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
covenant or condition shall remain in full force and effect.

 

ARTICLE ELEVEN

 

REDEMPTION OF SECURITIES

 

SECTION 11.01.  Applicability
of Article.  The provisions
of this Article shall be applicable to the Securities of any series that are
redeemable before their maturity except as otherwise specified as contemplated
by Section 3.01 for Securities of such series.

 

39

 

SECTION 11.02.  Notice of
Redemption; Selection of Securities.  In case the Company shall
desire to exercise the right to redeem all, or, as the case may be, any part of
the Securities of any series in accordance with their terms, it shall fix a
date for redemption and shall mail or cause to be mailed a notice of such
redemption at least 20 and not more than 60 days prior to the date fixed for
redemption to the Holders of Securities of such series so to be redeemed as a
whole or in part at their last addresses as the same appear on the Security
Register.  Such mailing shall be by
first class mail.  The notice if mailed
in the manner herein provided shall be conclusively presumed to have been duly
given, whether or not the Holder receives such notice.  In any case, failure to give such notice by
mail or any defect in the notice to the Holder of any Security of a series
designated for redemption as a whole or in part shall not affect the validity
of the proceedings for the redemption of any other Security of such series.

 

Each such
notice of redemption shall include CUSIP numbers and specify the date fixed for
redemption, the redemption price at which Securities of such series are to be
redeemed, the place or places of payment, that payment will be made upon
presentation and surrender of such Securities, that any interest accrued to the
date fixed for redemption will be paid as specified in said notice, and that on
and after said date any interest thereon or on the portions thereof to be
redeemed will cease to accrue.  If less
than all the Securities of a series are to be redeemed the notice of redemption
shall specify the numbers of the Securities of that series to be redeemed.  In case any Security of a series is to be
redeemed in part only, the notice of redemption shall state the portion of the
principal amount thereof to be redeemed and shall state that on and after the
date fixed for redemption, upon surrender of such Security, a new Security or
Securities of that series in principal amount equal to the unredeemed portion
thereof will be issued.

 

On the
redemption date specified in the notice of redemption given as provided in this
Section 11.02, the Company will deposit with the Trustee or with one or more
paying agents an amount of money sufficient to redeem on the redemption date
all the Securities or portions thereof so called for redemption at the
appropriate redemption price, together with accrued interest to the date fixed
for redemption.

 

If all or less
than all the Securities of a series are to be redeemed, the Company will give
the Trustee notice not less than 60 days prior to the redemption date (unless a
shorter period is acceptable to the Trustee) as to the aggregate principal
amount of Securities to be redeemed and the Trustee shall select, in such
manner as in its sole discretion it shall deem appropriate, the Securities of
that series or portions thereof (in multiples of $1,000, except as otherwise
set forth in the applicable form of Security) to be redeemed.

 

SECTION 11.03.  Payment of
Securities Called for Redemption.  If notice of redemption has
been given as provided in Section 11.02, the Securities or portions of
Securities of the series with respect to which such notice has been given shall
become due and payable on the date and at the place or places stated in such
notice at the applicable redemption price, together with any interest accrued
to the date fixed for redemption, and on and after said date (unless the
Company shall default in the payment of such Securities at the applicable
redemption price, together with any interest accrued to said date) any interest
on the Securities or portions of Securities of any series so called for
redemption shall cease to accrue.  On
presentation and surrender of such Securities at a place of payment in said
notice specified, the said Securities or the specified portions thereof shall
be paid and redeemed by the Company at the applicable redemption price,
together with any interest accrued thereon to the date fixed for redemption.

 

40

 

Upon
presentation of any Security redeemed in part only, the Company shall execute
and the Trustee shall authenticate and deliver to the Holder thereof, at the
expense of the Company, a new Security or Securities of such series, of
authorized denominations, in principal amount equal to the unredeemed portion
of the Security so presented.

 

ARTICLE TWELVE

 

Miscellaneous

 

SECTION 12.01.  Form of
Documents Delivered to Trustee.

 

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

 

Any
certificate or opinion of an officer of the Company may be based, insofar as it
relates to legal matters, upon a certificate of opinion of, or representations
by, counsel, unless such officer knows that the certificate or opinion or
representations with respect to 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
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, they may, but need not, be consolidated and form one instrument.

 

SECTION 12.02.  Notices.

 

Any notice or
communication by the Company or the Trustee to the others is duly given if in
writing and delivered in Person or mailed by first class mail (registered or
certified, return receipt requested), telex, telecopier or overnight air
courier guaranteeing next day delivery, to the others’ address.

 

41

 

If to the Company:

 

Abgenix, Inc.

6701 Kaiser Drive

Fremont, California  94555

Attention: Chief Executive Officer

Facsimile No.: (510) 608-6547

Phone No.
(510) 608-6500

 

With a copy
to:

 

Abgenix, Inc.

6701 Kaiser Drive

Fremont,
California  94555

Attention: General Counsel

Facsimile No.: (510) 790-5102

Phone No. 
(510) 608-6500

If to the
Trustee:

 

U.S. Bank National Association

633 West Fifth Street, 24th Floor

LM-CA-T24T

Los Angeles, California 90071

Attn:  Corporate Trust Services 

(Abgenix, Inc. Senior Securities)

Facsimile No.: (213) 615-6047

Phone No.: (213) 615-6043

 

The Company or
the Trustee, by notice to the others may designate additional or different
addresses for subsequent notices or communications.

 

All notices
and communications (other than those sent to Holders) shall be deemed to have
been duly given: at the time delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed;
when answered back, if telexed; when receipt acknowledged, if telecopied; and
the next Business Day after timely delivery to the courier, if sent by overnight
air courier guaranteeing next day delivery; provided, however, that any notice
of communication to the Trustee shall not be deemed to be received by it until
actually received by it at the Corporate Trust Office of the Trustee.

 

Any notice or
communication to a Holder shall be mailed by first class mail, certified or
registered, return receipt requested, or by overnight air courier guaranteeing
next day delivery to its address shown on the register kept by the Security
Registrar.  Any notice or communication
shall also be so mailed to any Person described in TIA § 313(c), to the
extent required by the TIA.  Failure to
mail a notice or communication to a Holder or any defect in it shall not affect
its sufficiency with respect to other Holders.

 

42

 

If a notice or
communication addressed to a party other than the Trustee is mailed in the
manner provided above within the time prescribed, it is duly given, whether or
not the addressee receives it.

 

If the Company
mails a notice or communication to Holders, it shall mail a copy to the Trustee
and each Agent at the same time.

 

SECTION 12.03.  Notice to
Holders; Waiver.

 

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

 

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

 

SECTION 12.04.  Trust
Indenture Act Controls.

 

If any
provision hereof limits, qualifies or conflicts with the duties imposed by any
of Section 310 through 317, inclusive, of the Trust Indenture Act through the
operation of Section 318(c) thereof, such imposed duties shall control.

 

SECTION 12.05.  Certificate
and Opinion as to Conditions Precedent.

 

Upon any
application or request by the Company to the Trustee to take any action under
any provision of this Indenture, the Company shall, upon the request of the
Trustee, furnish to the Trustee:

 

(1)                 an
Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee (which shall include the statements set forth in Section 12.06 hereof)
stating that, in the opinion of the signers, all conditions precedent and covenants,
if any, provided for in this Indenture relating to the proposed action have
been satisfied; and

 

(2)                 an
Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
(which shall include the statements set forth in Section 12.06 hereof) stating
that, in the opinion of such counsel, all such conditions precedent and
covenants, if any, have been satisfied, except that in the case of any such
application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture

 

43

 

relating to such particular application or
request, no additional certificate or opinion need be furnished.

 

SECTION 12.06.  Statements
Required in Certificate or Opinion.

 

Each
certificate (other than certificates provided pursuant to Section 10.04) or
opinion with respect to compliance with a condition or covenant provided for in
this Indenture shall include:

 

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

 

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

 

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

 

(4)        a
statement as to whether, in the opinion of such Person, such condition or
covenant has been satisfied.

 

SECTION 12.07.  Table of
Contents, Headings, etc..

 

The Table of
Contents, Cross-Reference Table and Headings of the Articles and Sections of
this Indenture have been inserted for convenience of reference only, are not to
be considered a part of this Indenture and shall in no way modify or restrict
any of the terms or provisions hereof.

 

SECTION 12.08.  Successors
and Assigns.

 

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

 

SECTION 12.09.  Separability
Clause.

 

In case any
provision in this Indenture or in the Securities shall be invalid, illegal or
unenforceable, then, to the extent permitted by applicable law, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

 

SECTION 12.10.  Benefits of
Indenture.

 

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

 

44

 

SECTION 12.11.  Rules by
Trustee and Agents..

 

The Trustee
may make reasonable rules for action by or at a meeting of Holders.  The Security Registrar or Paying Agent may
make reasonable rules and set reasonable requirements for its functions.

 

SECTION 12.12.  No Personal
Liability of Directors, Officers, Employees and Stockholders..

 

No past,
present or future director, officer, employee, incorporator or stockholder of
the Company or Person controlling such Persons, as such, shall have any
liability for any obligations of the Company or of any Person controlling such
Person under the Securities or this Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation.  Each Holder of the Securities by accepting a
Security waives and releases all such liability.  The waiver and release are part of the consideration for issuance
of the Securities.  Such waiver may not
be effective to waive liabilities under the federal securities laws and it is
the view of the Commission that such a waiver is against public policy.

 

SECTION 12.13.  Governing
Law.

 

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

 

SECTION 12.14.  Legal
Holidays.

 

In any case
where any Interest Payment Date, Redemption Date or Stated Maturity of any
Security shall not be a Business Day, then (notwithstanding any other provision
of this Indenture or the Security) payment of interest or principal need not be
made on such date, but may be made on the next succeeding Business Day with the
same force and effect as if made on the Interest Payment Date or Redemption
Date, or at the Stated Maturity, and no interest shall accrue for the period
from and after such Interest Payment Date, Redemption Date or Stated Maturity,
as the case may be.

 

SECTION 12.15.  Indenture
and Securities Solely Corporate Obligations.

 

No recourse
for the payment of principal of or interest on any Security or for any claim
based on any Security or this Indenture shall be had against any director or
officer or stockholder, past, present or future, of the Company.  Any such claim against any such Person is
expressly waived as a condition of, and as consideration for, the execution and
delivery of this Indenture and the issue of the Securities.

 

SECTION 12.16.  No Security
Interest Created.

 

Nothing in
this Indenture or in the Securities, expressed or implied, shall be construed
to constitute a security interest under the Uniform Commercial Code or similar
legislation, as now or hereafter enacted and in effect, in any jurisdiction
where property of the Company or its Subsidiaries is located.

 

45

 

SECTION 12.17.  Counterpart
Originals.

 

The parties
may sign any number of copies of this Indenture.  Each signed copy shall be an original, but all of them together
represent the same agreement.

 

SECTION 12.18.  No Adverse
Interpretation of Other Agreements.

 

This Indenture
may not be used to interpret any other Indenture, loan or debt agreement of the
Company or its Subsidiaries or of any other Person.  Any such Indenture, loan or debt agreement may not be used to
interpret this Indenture.

 

*    *   
*    *    *    *

 

46

 

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,  all as
of the day and year first above written.

 

 

	
   

  	
  ABGENIX, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name

  
	
   

  	
   

  	
  Title

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name

  
	
   

  	
   

  	
  Title

  

 

47

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