Document:

exv10w54

 

EXHIBIT 10.54

EXECUTION

COMMON STOCK PURCHASE AGREEMENT

     This Common Stock Purchase Agreement (the “Agreement”) is made as of the
4th day of November, 2005 by and between Introgen Therapeutics, Inc., a Delaware
corporation (the “Company”), and Colgate-Palmolive Company, a Delaware corporation (the
“Purchaser”).

     Whereas, the Company desires to issue, and the Purchaser desires to acquire, common
stock of the Company, par value $0.001 per share (the “Common Stock”), on the terms and
conditions hereinafter set forth;

     Whereas, contemporaneously with the execution of this Agreement, the Company and the
Purchaser have executed and delivered an Oral Healthcare Alliance Agreement (the “Alliance
Agreement”) pursuant to which the Company will conduct research in the Field (as defined in the
Alliance Agreement) and the Purchaser will have certain negotiation rights with respect to the
Field and products in the Field developed by the Company, subject to the terms and conditions set
forth in the Alliance Agreement; and

     Whereas, the Company and the Purchaser have entered into a Confidentiality Disclosure
Agreement, dated January 18, 2005 (the “Confidentiality Agreement” and, together with this
Agreement and the Alliance Agreement, the “Transaction Documents”).

     Now, Therefore, It Is Agreed between the parties as follows:

     1. Purchase and Sale of Shares. On the terms and subject to the conditions contained herein,
the Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to
the Purchaser, for an aggregate purchase price of Twenty Million Dollars ($20,000,000) (the
“Purchase Amount”), that number of shares of Common Stock (the “Shares”), rounded
down to the nearest whole share, determined by dividing (i) the Purchase Amount by (ii) the closing
bid price of the Common Stock as quoted on The Nasdaq National Market System (“NASDAQ”) on
the day prior to the date hereof. The closing of the transactions contemplated by this Agreement
(the “Closing”), including payment of the Purchase Amount for and delivery of the Shares,
shall occur at the offices of the Company concurrent with the execution of this Agreement and upon
the satisfaction or waiver of the conditions contained in Section 5.

     2. Company Representations and Warranties. The Company hereby represents and warrants to the
Purchaser the following:

     (a) Each of the Company and its subsidiaries (i) is a corporation duly organized,
validly existing and in good standing under the laws of the state of its respective
jurisdiction of incorporation, (ii) has full corporate power and authority to conduct its
business as presently conducted and to own, lease and to operate its properties and (iii) is
duly qualified and in good standing as a foreign corporation authorized to do business in
each jurisdiction in which the nature of its business or its ownership or leasing of
property requires such qualification, except with respect to clause (iii) and with respect
to clauses (i) and (ii) insofar as they relate to subsidiaries, where the failure to be so
qualified or in good standing, along with all other circumstances, changes, in or effects
on the Company and its subsidiaries does not and would not reasonably be expected to

 

 

result in a material adverse effect on (x) the business, condition (financial or otherwise),
results of operations, assets, liabilities or properties of the Company and its
subsidiaries, taken as a whole or (y) on the timely consummation of the transactions
contemplated hereby (a “Material Adverse Effect”). The Company has full corporate
power and authority to enter into, deliver and perform its obligations set forth in the
Transaction Documents and to carry out the transactions contemplated hereby and thereby.

     (b) As of November 3, 2005 the authorized Capital Stock of the Company consisted of (i)
100,000,000 shares of Common Stock, of which 33,519,416 shares were issued and outstanding
as of November 3, 2005, and (ii) 5,000,000 shares of preferred stock, $0.001 par value per
share (the “Preferred Stock”), which may be issued from time to time in one or more
series, none of which shares were issued and outstanding as of November 3, 2005. All of the
outstanding shares of Common Stock have been duly authorized and validly issued and are
fully paid and nonassessable and were not issued in violation of any preemptive or similar
rights. As of November 3, 2005, 6,020,766 shares of Common Stock were reserved for issuance
to employees pursuant to outstanding stock options under the Company’s stock option plans
and 619,762 shares of Common Stock were issuable upon or otherwise deliverable in connection
with the conversion of outstanding securities that are convertible into Common Stock and the
exercise of outstanding warrants. Between August 8, 2005 and the date hereof, no shares of
the Company’s Capital Stock were issued other than (A) pursuant to stock options and
warrants already in existence on such date and (B) 56,090 shares of Common Stock issued to
David G. Nance on October 26, 2005 under the Company’s stock option plans. Between August
8, 2005 and the date hereof, no stock options, warrants or other securities convertible into
or exercisable for shares of Common Stock were issued or granted, except for (i) grants of
stock options to employees, officers and directors in the ordinary course of business and
(ii) an obligation of the Company to issue a warrant to purchase an aggregate of up to
94,183 shares of Common Stock

     (c) The issuance, sale and delivery of the Shares in accordance with this Agreement
have been duly authorized by all necessary corporate action on the part of the Company. The
Shares, when issued, sold and delivered against payment therefor in accordance with this
Agreement, will be free and clear of all liens and other encumbrances imposed by or through
the Company (except as imposed pursuant to this Agreement), duly and validly issued, fully
paid and non-assessable and free from any preemptive rights.

     (d) Neither the Company nor any of its subsidiaries is, nor after giving effect to the
consummation of the transactions contemplated hereby will be, (i) in violation of its
Certificate or Articles of Incorporation or Bylaws or other organizational or charter
documents (each as amended to the date hereof), (ii) in default under the terms of any bond,
debenture, note, indenture, mortgage, deed of trust or other agreement or instrument to
which it is a party or by which it is bound or to which any of its properties is subject or
(iii) in violation of any local, state or federal law, statute, ordinance, rule, regulation,
requirement, judgment or court decree or order applicable to the Company or any of its
subsidiaries or any of their assets or properties other than, in the case of clause (ii) and
(iii) and with respect to clause (i) insofar as it relates to subsidiaries, any default
or violation that would not reasonably be expected to result in a Material Adverse
Effect.

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To the knowledge of the Company, except as disclosed in the SEC Documents (as
hereinafter defined), there exists no condition that, with notice, the passage of time or
otherwise, would constitute any such default or violation.

     (e) The execution, delivery and performance by the Company of the Transaction Documents
have been duly authorized by all necessary corporate action. The Transaction Documents have
been duly executed and delivered by the Company and constitute a valid and binding
obligation of the Company enforceable in accordance with its terms, subject to (i) the
effect of any bankruptcy or similar laws affecting creditors’ rights generally and (ii)
general principles of equity, regardless of whether a matter is considered in a proceeding
in equity or at law. The execution, delivery and performance by the Company of the
Transaction Documents does not require a vote of the holders of any of the Company’s Capital
Stock. The execution of, and consummation of the transactions contemplated by, this
Agreement and compliance with its provisions by the Company will not violate, conflict with
or result in any breach of any of the terms, conditions or provisions of, or constitute a
default under (or with notice or the lapse of time or both, would constitute a default), or
require a consent or waiver under, or result in the imposition of a lien on any properties
of the Company or any of its subsidiaries, or an acceleration of any indebtedness of the
Company or any of its subsidiaries pursuant to, (i) the Certificate or Articles of
Incorporation or Bylaws or other organizational or charter documents of the Company or any
such subsidiary (each as amended to the date hereof), (ii) any indenture, lease, agreement
or other instrument to which the Company or any of its subsidiaries is a party or by which
any of them or any of their properties is bound, or (iii) any violation of any local, state
or federal law, statute, ordinance, rule, regulation, requirement, judgment or court decree
or order applicable to the Company or any such subsidiary or any of their assets or
properties, except in the case of clauses (ii) and (iii) and with respect to clause (i)
insofar as it relates to subsidiaries, for such violations, conflicts, breaches, defaults,
consents, impositions of liens or acceleration that would not individually, or in the
aggregate, reasonably be expected to result in a Material Adverse Effect. Except for the
filing of the Prospectus (as defined below), no consent, approval, authorization or order
of, or filing, registration, qualification, license or permit of or with, any court or
governmental agency, department, commission, board, bureau, official or other
instrumentality of any national, federal, provincial, state, local, foreign or international
government or body or any political subdivision thereof and any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining to government
(each, a “Governmental Authority”) or (ii) any other person is required for the
execution, delivery and performance by the Company of this Agreement, except where the
failure to obtain or make any such consent, approval, authorization or order of, or filing,
registration, qualification, license or permit would not reasonably be expected to result in
a Material Adverse Effect.

     (f) The Common Stock is registered pursuant to Section 12(g) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and is admitted for quotation on
NASDAQ, and the Company has taken no action designed to, or likely to have the effect of,
terminating the registration of the Common Stock under the Exchange Act or delisting or
disqualifying the Common Stock from NASDAQ, nor has the
Company received any notification that the Securities and Exchange Commission (the

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“SEC”) or NASDAQ is contemplating terminating such registration or admission for
quotation.

     (g) The Company has filed with the SEC under the Exchange Act, all reports, definitive
proxy materials and registration statements for all periods ending on or subsequent to
December 31, 2003 and on or prior to the date hereof (all of the foregoing being
collectively referred to as the “SEC Documents”), which are all such documents
(other than preliminary proxy materials) that the Company was required to file with the SEC
since December 31, 2003 through the date of this Agreement. As of their respective filing
dates, the SEC Documents complied in all material respects with the requirements of the
Exchange Act. None of the SEC Documents, when filed, contained any untrue statement of a
material fact or omitted to state a material fact required to be stated therein or necessary
to make the statements made therein, in light of the circumstances in which they were made,
not misleading, except to the extent corrected by a SEC Document subsequently filed with the
SEC prior to the date hereof.

     (h) Each of the financial statements, together with the related notes, included in the
Company SEC Documents complied in all material respects as to form, as of its date of filing
with the SEC, with all applicable accounting requirements and the published rules and
regulations of the SEC with respect thereto and presents fairly in all material respects the
consolidated financial position of the Company and its subsidiaries as of and for the dates
indicated and the results of their operations and cash flows for the periods specified,
subject, in the case of unaudited statements, to normal, immaterial, year-end audit
adjustments and the absence of footnotes. Such financial statements have been prepared in
conformity with U.S. generally accepted accounting principles (“GAAP”) on a
consistent basis throughout the periods involved, except as may be expressly stated in the
related notes thereto. The report of the Company’s independent auditors regarding the
Company’s consolidated financial statements as of and for the periods ended December 31,
2004 and filed as part of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2004 has not been withdrawn, supplemented or modified, and the Company has
received no communication from its independent auditors concerning any such withdrawal,
supplement or modification.

     (i) To the Company’s knowledge, except as and to the extent adequately accrued or
reserved against in the audited consolidated balance sheet of the Company and its
subsidiaries as at December 31, 2004 and the unaudited consolidated balance sheets of the
Company and its subsidiaries as at March 31, 2005 and June 30, 2005, neither the Company nor
any of its subsidiaries has any liability or obligation of any nature, whether accrued,
absolute, contingent or otherwise, whether known or unknown and whether or not required by
GAAP to be reflected in a consolidated balance sheet of the Company and its subsidiaries or
disclosed in the notes thereto, except for liabilities and obligations, incurred in the
ordinary course of business consistent with past practice since June 30, 2005, that are not,
individually or in the aggregate, material to the Company or any of its subsidiaries.

     (j) The Company and each of its subsidiaries maintain a system of accounting controls
sufficient to provide reasonable assurances that (i) transactions are executed in
accordance with management’s general or specific authorization; (ii) transactions are

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recorded as necessary to permit preparation of audited financial statements in conformity
with GAAP and to maintain accountability for assets; (iii) access to assets is permitted
only in accordance with management’s general or specific authorization; and (iv) the
recorded accountability for assets is compared with existing assets at reasonable intervals
and appropriate action is taken with respect to any differences.

     (k) The Company has established and maintains disclosure controls and procedures (as
such term is defined in Rules 13a-15 and 15d-15 under the Exchange Act), which are designed
(i) to ensure that information required to be disclosed by the Company in the reports that
it files or submits under the Exchange Act is recorded, processed, summarized and reported,
within the time periods specified by the SEC’s rules and forms and (ii) to ensure that
information required to be disclosed by the Company in the reports that it files or submits
under the Exchange Act is accumulated and communicated to the Company’s management,
including its principal executive officer and principal financial officer, as appropriate to
allow timely decisions regarding required disclosure.

     (l) The Company is not aware of (i) any significant deficiency or material weaknesses
in the design or operation of internal control over financial reporting which are reasonably
likely to adversely affect the Company’s ability to record, process, summarize and report
financial data ; or (ii) any fraud, whether or not material, that involves management or
other present employees who have a significant role in the Company’s internal control over
financial reporting. Since the most recent evaluation of the Company’s disclosure controls
and procedures described in Section 2(k) above, there have been no significant changes in
internal control over financial reporting or in other factors that have materially affected,
or are reasonably likely to materially affect, the Company’s internal control over financial
reporting. The Chief Executive Officer and the Chief Financial Officer of the Company have
signed, and the Company has furnished to the SEC, all certifications required by Sections
302 and 906 of the Sarbanes-Oxley Act of 2002; such certifications contain no qualifications
or exceptions to the matters certified therein, except as to knowledge, and have not been
modified or withdrawn; and neither the Company nor any of its officers has received notice
from the SEC or any other Governmental Authority questioning or challenging the accuracy,
completeness, content, form or manner of filing or submission of such certifications.

     (m) Except as may be disclosed in the SEC Documents filed prior to the date hereof,
since December 31, 2004, there has not been, individually or in the aggregate, any Material
Adverse Effect or any fact, event, change, development, circumstance or effect that would
reasonably be expected to result in a Material Adverse Effect.

     (n) Since June 30, 2005, there has been (i) no action, suit or proceeding before or by
any Governmental Authority or arbitration tribunal filed or, to the Company’s knowledge,
threatened or contemplated to which the Company or any subsidiary is or would be a party or
to which the business or property of the Company or any subsidiary is or would be subject
and (ii) no injunction, restraining order, decree, or other order of any nature by a
Governmental Authority to which the Company or any of its subsidiaries is or may be subject
or to which the business, assets or property of the Company or any
subsidiary are or may be subject, that in either case, will be required to be disclosed
in the

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Company’s filings with the SEC for periods subsequent to those covered by the SEC
Documents.

     (o) A registration statement on Form S-3 with respect to Common Stock (including all
documents incorporated by reference therein and all information contained in any prospectus
or prospectus supplement filed as a part or deemed to be a part of such registration
statement, each as amended, the “Registration Statement”) has (i) been prepared by
the Company in conformity with the requirements of the Securities Act of 1933, as amended
(the “Securities Act”), and the rules and regulations, including Rule 415, of the
SEC thereunder (the “Rules and Regulations”), (ii) been filed with the SEC under the
Securities Act and (iii) become and is effective under the Securities Act. The Company has
prepared a prospectus, including one or more prospectus supplement(s), relating to the sale
of the Shares hereunder (collectively, the “Prospectus”). The Company will file the
Prospectus with the SEC not later than the time permitted by Rule 424(b) promulgated under
the Securities Act. True and complete copies of the Registration Statement and Prospectus
have been delivered by the Company to the Purchaser. The Registration Statement conforms,
and the Prospectus and any further amendments or supplements to the Registration Statement
or the Prospectus will, when they become effective or are filed with the SEC, as the case
may be, conform in all material respects to the requirements of the Securities Act and the
Rules and Regulations and do not and will not, as of the applicable effective date (as to
the Registration Statement and any amendment thereto) and as of the applicable filing date
(as to the Prospectus and any amendment or supplement thereto) and as of the Closing contain
an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading. The issuance of
the Shares to the Purchaser has been registered under the Registration Statement.

     (p) The Shares are duly listed and admitted and authorized for trading, subject to
official notice of issuance, on the Nasdaq National Market.

     (q) The Company is not a party to an agreement for, nor involved in any discussions
concerning, any transaction that would reasonably be expected to result in a Change of
Control (as defined in Section 6(d)).

     (r) As of the date hereof, except as set forth in the Company’s SEC Documents filed
prior to the date hereof, neither the Company nor any of its material subsidiaries is a
party to or bound by any “material contract” (as such term is defined in Item 601(b)(10) of
Regulation S-K of the SEC).

     (s) Section 2(s) of the Disclosure Schedule sets forth a true and complete list of (i)
all the Owned Intellectual Property, (ii) all Licensed Intellectual Property and (iii) all
Company IP Agreements. For purposes of this Agreement, (A) “Intellectual Property” means
patents, registered trademarks, registered copyrights and applications with respect to the
foregoing; (B) “Owned Intellectual Property” means Intellectual Property owned by the
Company or any of its subsidiaries; (C) “Licensed Intellectual Property” means Intellectual
Property licensed to the Company or any of its subsidiaries pursuant to the Company IP
Agreements; and (D) “Company IP Agreements” means (I) licenses of
Intellectual Property by the Company or any of its subsidiaries to any third party, (II)

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licenses of Intellectual Property by any third party to the Company or any of its
subsidiaries, (III) agreements between the Company or any of its subsidiaries and any third
party relating to the development or use of Intellectual Property, and (IV) consents,
settlements, decrees, orders, injunctions, judgments or rulings governing the use, validity
or enforceability of Owned Intellectual Property or Licensed Intellectual Property.

     (t) The Company or one of its subsidiaries is the exclusive owner of the entire right,
title and interest in and to the Owned Intellectual Property, and has a valid license to use
the Licensed Intellectual Property licensed to it. The Company or one of its subsidiaries
is entitled to use all Owned Intellectual Property and Licensed Intellectual Property in the
continued operation of its business without limitation, subject only to the terms of the
Company IP Agreements. The Owned Intellectual Property and the Licensed Intellectual
Property have not been adjudged invalid or unenforceable in whole or in part, and, to the
Company’s knowledge, are valid and enforceable. Except as disclosed in the SEC Documents,
none of the Owned Intellectual Property has been or is now involved in any interference,
reissue, reexamination, opposition or cancellation proceeding. To the Company’s knowledge,
neither the Company nor any of its subsidiaries has taken any action or failed to take any
action that could reasonably be expected to result in the abandonment, cancellation,
forfeiture, relinquishment, invalidation or unenforceability of any of the Owned
Intellectual Property and to its knowledge all filing, examination, issuance, post
registration and maintenance fees, annuities and the like associated with or required with
respect to any of the Owned Intellectual Property have been timely paid. The Company and
its subsidiaries have taken reasonable steps to protect their respective rights in the Owned
Intellectual Property and maintain the confidentiality of all of their trade secrets. All
current or former employees, consultants and contractors who have participated in the
creation of any Intellectual Property that is used by the Company or any of its subsidiaries
have entered into proprietary information, confidentiality and assignment agreements
substantially in the form of the Company’s standard forms.

     (u) To the Company’s knowledge, the conduct of the business of the Company and its
subsidiaries as currently conducted does not infringe or misappropriate any valid
Intellectual Property of any third party. No action alleging any of the foregoing is
pending, and no unresolved, written claim has been threatened or asserted against the
Company or any of its subsidiaries alleging any of the foregoing. To the Company’s
knowledge, no person is engaging in any activity that infringes the Owned Intellectual
Property.

     (v) Neither the Company nor any subsidiary has granted an exclusive license or
sublicense with respect to any of its Owned Intellectual Property or Licensed Intellectual
Property to any third party. Except as disclosed in the SEC Documents, no dispute arising
under any Company IP Agreement is pending or, to the Company’s knowledge, threatened, in
each case that could reasonably be expected to result in an impairment of the Company’s
rights under or a termination of such Company IP Agreement.

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     (w) Neither the Company nor any of its subsidiaries has received any warning letter
from the U.S. Food and Drug Administration (the “FDA”) (or similar Governmental
Authority in jurisdictions outside the United States) during the last three years. Without
limiting the foregoing, the Company and its subsidiaries are in compliance, in all respects,
with all current applicable statutes, rules, regulations, guidelines or orders administered
or issued by the FDA or comparable foreign Governmental Authority; the Company does not have
knowledge of any facts which furnish any reasonable basis for any Form FDA-483 observations
or regulatory or warning letters from the FDA, Section 305 notices, or other similar
communications from the FDA or comparable foreign entity. To the Company’s knowledge,
neither the Company nor any officer, employee or agent has made a statement, or failed to
make a statement that, at the time such disclosure was made, could reasonably be expected
to provide a basis for the FDA or comparable foreign Governmental Authority to invoke its
policy respecting Fraud, Untrue Statements of Material facts, Bribery, and Illegal
Gratuities, set forth in 56 Fed. Reg. 46191 (September 10, 1991).

     (x) (i) Except as would not reasonably be expected to result in a Material Adverse
Effect, (A) each of the Company and its subsidiaries is and has been in compliance with all
applicable Environmental Laws; (B) none of the Company, any of its subsidiaries or any of
its or their executive officers has received during the past five years, nor, to the
Company’s knowledge, is there any basis for, any communication or complaint from a
Governmental Authority or other person alleging that the Company or any of its subsidiaries
has any liability under any Environmental Law or is not in compliance in any material
respect with any Environmental Law; (C) no Hazardous Substances are or have been present,
and there is and has been no Release or threatened Release of Hazardous Substances nor any
clean-up or corrective action of any kind relating thereto, on any properties (including any
buildings, structures, improvements, soils and surface, subsurface and ground waters
thereof) currently or formerly owned, leased or operated by or for the Company or any of its
subsidiaries or any predecessor company, at any location to which the Company or any of its
subsidiaries has sent any Hazardous Substances; and (D) neither the Company nor any of its
subsidiaries is actually, contingently, potentially or allegedly liable for any Release of,
threatened Release of or contamination by Hazardous Substances or otherwise under any
Environmental Law. There is no pending or, to the Company’s knowledge, threatened
investigation by any Governmental Authority, nor any pending or, to the Company’s knowledge,
threatened action with respect to the Company or any of its subsidiaries relating to
Hazardous Substances or otherwise under any Environmental Law. Each of the Company and its
subsidiaries holds all material Environmental Permits, and is and has been in compliance in
all material respects therewith. To the knowledge of the Company, the execution and
delivery of this Agreement nor the consummation of the transactions contemplated hereby will
(i) require any notice to or consent of any Governmental Authority or other person pursuant
to any applicable Environmental Law or Environmental Permit or (ii) subject any
Environmental Permit to suspension, cancellation, modification, revocation or nonrenewal.
The Company and its subsidiaries have provided to the Purchaser all “Phase I”, “Phase II” or
other environmental assessment reports in their possession or to which they have reasonable
access addressing locations ever owned, operated or leased by the Company or any of its
subsidiaries or at

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which the Company or any of its subsidiaries actually, potentially or allegedly may
have liability under any Environmental Law.

     (ii) For purposes of this Agreement:

     (A) “Environmental Laws” means: any Laws of any Governmental Authority
relating to (I) releases or threatened releases of Hazardous Substances or materials
containing Hazardous Substances; (II) the manufacture, handling, transport, use,
treatment, storage or disposal of Hazardous Substances or materials containing
Hazardous Substances; or (III) pollution or protection of the environment, worker
health and safety, exposure to Hazardous Substances or natural resources;

               (B) “Environmental Permits” means all permits under any Environmental Law necessary
for the conduct of the business by the Company and its subsidiaries.

     (C) “Hazardous Substances” means: (i) those substances defined in or
regulated under the Hazardous Materials Transportation Act, the Resource
Conservation and Recovery Act, the Comprehensive Environmental Response,
Compensation and Liability Act (“CERCLA”), the Clean Water Act, the Safe
Drinking Water Act, the Atomic Energy Act, the Federal Insecticide, Fungicide, and
Rodenticide Act and the Clean Air Act, and their state counterparts, as each may be
amended from time to time, and all regulations thereunder; (ii) petroleum and
petroleum products, including crude oil and any fractions thereof; (iii) natural
gas, synthetic gas, and any mixtures thereof; (iv) polychlorinated biphenyls,
asbestos and radon; (v) any other pollutant or contaminant; and (vi) any substance,
material or waste regulated by any Governmental Authority pursuant to any
Environmental Law; and

     (D) “Release” has the meaning set forth in Section 101(22) of CERCLA.

     3. Purchaser Representations and Warranties. The Purchaser hereby represents and warrants to
the Company the following:

     (a) The Purchaser is a corporation duly organized, validly existing and in good
standing under the laws of the State of Delaware and has full corporate power and authority
to conduct its business as presently conducted and as proposed to be conducted by it and to
enter into, deliver and perform its obligations set forth in the Transaction Documents and
to carry out the transactions contemplated hereby and thereby. The Purchaser has not been
organized, reorganized or recapitalized specifically for the purpose of investing in the
Company.

     (b) The execution, delivery and performance of the Transaction Documents have been duly
authorized by all necessary corporate action by the Purchaser. Each Transaction Document
has been duly executed and delivered by the Purchaser and constitutes a valid and binding
obligation of the Purchaser enforceable against it in
accordance with its terms, subject to (i) the effect of any bankruptcy or similar laws

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affecting creditors’ rights generally and (ii) general principles of equity, regardless of
whether a matter is considered in a proceeding in equity or at law. The execution of, and
consummation of the transactions contemplated by, the Transaction Documents and compliance
with its provisions by the Purchaser will not violate, conflict with or result in any breach
of any of the terms, conditions or provisions of, or constitute a default under, or require
a consent or waiver under, (i) its Articles of Incorporation or Bylaws (each as amended to
the date hereof), (ii) any material indenture, lease, agreement or other instrument to which
the Purchaser is a party or by which it or any of its material properties is bound, or (iii)
any decree, judgment, order, statute, rule or regulation applicable to the Purchaser, which
in the case of clause (ii) or (iii) would have a material adverse effect on the timely
consummation of the transactions contemplated hereby. No consent, approval, authorization
or order of, or filing, registration, qualification, license or permit of or with, (i) any
Governmental Authority or (ii) any other person is required for the execution, delivery and
performance by the Purchaser of this Agreement, except where the failure to obtain or make
any such consent, approval, authorization or order of, or filing, registration,
qualification, license or permit would not reasonably be expected to result in a material
adverse effect on the timely consummation of the transactions contemplated hereby.

     (c) There is no proceeding pending against the Purchaser or any of its Affiliates or,
to the Purchaser’s knowledge, threatened that in any manner challenges or seeks, or
reasonably could be expected, to prevent, enjoin, alter or materially delay any of the
transactions contemplated by this Agreement.

     (d) The Purchaser acknowledges that it has reviewed the SEC Documents and this
Agreement (the “Disclosure Materials”) and has been afforded (i) the opportunity to
ask such questions as it has deemed necessary of, and to receive answers from,
representatives of the Company concerning the terms and conditions of the offering of the
Shares and the merits and risks of investing in the Shares; (ii) access to information about
the Company and its subsidiaries and their respective financial condition, results of
operations, business, properties, management and prospects sufficient to enable it to
evaluate its investment; and (iii) the opportunity to obtain such additional information
that the Company possesses or can acquire without unreasonable effort or expense that is
necessary to make an informed investment decision with respect to the investment. Neither
such inquiries nor any other investigation conducted by or on behalf of the Purchaser or its
representatives or counsel shall modify, amend or affect the Purchaser’s right to rely on
the truth, accuracy and completeness of the Disclosure Materials and the Company’s
representations and warranties contained herein. The Purchaser acknowledges and agrees that
the fact that the Company is seeking to effect the offer and sale of the Shares hereunder
may constitute material non-public information and disclosure of such information or use of
such information by the Purchaser or anyone receiving such information from the Purchaser in
connection with the purchase, sale or trade of the Company’s securities, or any hedging,
derivative or similar transactions or activities involving the Company’s securities, may be
a violation of securities laws.

     (e) The Purchaser has not within the past ninety (90) days (i) engaged in any
short selling or short sales “against the box” in the Company’s securities, (ii) established
or increased any “put equivalent position” as defined in Rule 16(a)-1(h) under the

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Exchange Act with respect to the Company’s securities, or (iii) engaged in any purchase or
sale, or made any offer to purchase or offer to sell, derivative securities relating to the
Company’s securities, whether or not issued by the Company, such as exchange traded options
to purchase or sell the Company’s securities.

     4. Investment Representations of the Purchaser. In connection with the purchase of the
Shares, the Purchaser hereby represents and warrants to the Company that the Purchaser is acquiring
the Shares solely for the purpose of investment (as defined in 16 CFR 801.1(i)(1)) and has no
present intention of participating in the formulation, determination or direction of the basic
business decisions of the Company.

     5. Conditions to Closing.

          (a) The obligation of each party to this Agreement to consummate the purchase and sale of
Shares at the Closing shall be subject to the satisfaction at or prior to the Closing of the
following conditions:

          (i) No temporary restraining order, preliminary or permanent injunction or other order
issued by any Governmental Authority or other legal or regulatory restraint or prohibition
preventing the issuance and sale of the Shares shall be in effect. There shall be no
action, suit or other proceeding pending in or before any Governmental Authority or
arbitration tribunal against or involving either the Company or the Purchaser that in any
manner challenges or seeks to prevent, enjoin, alter or materially delay the consummation of
the transactions contemplated to occur at the Closing and the enforceability of the rights
and obligations as contemplated by the Transaction Documents, and neither the Company nor
the Purchaser (nor any of their respective Affiliates) shall have received notice of any
such threatened proceeding;

          (ii) The issuance of the Shares shall be exempt from the notification requirements of
the Hart-Scott-Rodino Antitrust Improvements Act of 1976;

          (iii) Except for the Prospectus, all other notices, reports and other filings required
to be made prior to the Closing with, and all consents, registrations, approvals, permits
and authorizations required to be obtained prior to the Closing from, any Governmental
Authority for the issuance and sale of the Shares in accordance with the terms hereof shall
have been made or received and remain in effect as of the date of Closing; and

          (iv) The Registration Statement pursuant to which the Shares will be issued to the
Purchaser shall be effective and not subject to a stop order.

          (b) The obligation of the Company to consummate the purchase and sale of Shares at the Closing
shall be subject to the satisfaction at or prior to the Closing of the following conditions:

          (i) The Purchaser shall have delivered a certificate of an executive officer of the
Purchaser confirming that the representations and warranties of the

11

 

Purchaser set forth in Sections 3 and 4 hereof are true and correct as of the date of
Closing;

          (ii) The Purchaser shall have delivered the Purchase Amount to the Company by wire
transfer of immediately available U.S. federal funds; and

          (iii) The Purchaser shall have executed and delivered the Alliance Agreement to the
Company.

          (c) The obligation of the Purchaser to consummate the purchase and sale of Shares at the
Closing shall be subject to the satisfaction at or prior to the Closing of the following
conditions:

          (i) The Shares shall have been accepted for and approved for inclusion and quotation on
NASDAQ;

          (ii) The Company shall have delivered to the Purchaser a certificate of an executive
officer of the Company confirming that the representations and warranties of the Company set
forth in Section 2 hereof are true and correct as of the date of Closing;

          (iii) The Company shall have delivered to the Purchaser a stock certificate
representing the Shares or in lieu thereof shall have caused a book entry evidencing the
Purchaser’s ownership of the Shares to be entered in the books and records of such
broker-dealer as shall have been identified by the Purchaser for such purpose; and

          (iv) The Company shall have executed and delivered the Alliance Agreement to the
Purchaser.

     6. Limitations on Transfer.

               (a) During the period from the date hereof until the first (1st) anniversary of the date
hereof (the “Lock-Up Period”), the Purchaser agrees (on behalf of itself and its
Affiliates), with respect to the Shares and any Capital Stock issued as (or issuable upon the
conversion or exercise of any warrant, right or other security which is issued as) a dividend or
other distribution with respect to, or in exchange for or replacement of the Shares (collectively,
the “Restricted Shares”), not to Transfer any of such Restricted Shares.
“Transfer” means and includes any sale, assignment, encumbrance, hypothecation, pledge,
conveyance in trust, gift, transfer by bequest, devise or descent, or other transfer or disposition
of any kind, including but not limited to short sales or other hedging mechanisms, transfers to
receivers, levying creditors, trustees or receivers in bankruptcy proceedings or general assignees
for the benefit of creditors, whether voluntary or by operation of law, directly or indirectly.

               (b) The provisions of Section 6(a) shall not apply to a Transfer by the Purchaser and any of
its Affiliates of Restricted Shares (each of the following, a “Permitted Transfer”):

          (i) to any Affiliate of the Purchaser, provided such Affiliate agrees in writing to be
bound by the terms of this Agreement (and if, at any time after such

12

 

Transfer, such Affiliate is no longer an Affiliate of the Purchaser, to ensure that
such Shares are Transferred back to the Purchaser or one of its other Affiliates);

          (ii) pursuant to a Third Party Tender Offer;

          (iii) to the Company or, with the Company’s written consent, an agent acting on the
Company’s behalf;

          (iv) pursuant to or following a Change of Control (as defined below); or

          (v) if David Nance ceases to be the Company’s Chief Executive Officer and is not the
Chairman of the Company’s board of directors.

     The term “Third Party Tender Offer” means a bona fide public offer subject to the
provisions of Regulation 14D or 14E under the Exchange Act, by a “person” or “group” (as such terms
are used in Sections 13(d) and 14(d) of the Exchange Act) (which is not made by and does not
include the Purchaser or any of its Affiliates or any group that includes as a member the Purchaser
or any of its Affiliates) to purchase or exchange for cash or other consideration more than 50% of
the outstanding securities of the Company.

          (c) Following expiration of the Lock-Up Period, the Purchaser and its Affiliates may Transfer
all or any part of the Restricted Shares in any manner free from the restrictions set forth in this
Section 6.

          (d) The restrictions on Transfer set forth in Section 6(a) shall terminate prior to the
expiration of the Lock-Up Period upon the earliest to occur of: (i) a Change of Control of the
Company or (ii) the liquidation or dissolution of the Company. The Company agrees to give prompt
written notice to the Purchaser of the occurrence of any event specified in clauses (i) or (ii).
As used herein, “Change of Control” shall mean the occurrence of any of the following
events:

          (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act) other than the Purchaser or any of its Affiliates and excluding any group that
includes as a member the Purchaser or any of its Affiliates, is or becomes the “beneficial
owner” (as defined in Rule l3d-3 under the Exchange Act), directly or indirectly, of more
than 50% of the total voting power of the outstanding Capital Stock of the Company, but
excluding the shares held by the Company, any subsidiary of the Company or any employee
benefit plan of the Company or of any subsidiary of the Company, or any entity holding
Capital Stock for or pursuant to the terms of such plan;

          (ii) the Company merges with or into, or consolidates with, or consummates any
reorganization or similar transaction with, another person (other than the Purchaser or any
of its Affiliates) and, immediately after giving effect to such transaction, less than 50%
of the total voting power of the outstanding Capital Stock of the surviving or resulting
person is “beneficially owned” (within the meaning of

13

 

Rule 13d-3 under the Exchange Act) in the aggregate by the stockholders of the Company
immediately prior to such transaction;

          (iii) in one transaction or a series of related transactions with another person (other
than the Purchaser or any of its Affiliates), the Company, directly or indirectly (including
through one or more of its subsidiaries) sells, assigns, conveys, transfers, leases or
otherwise disposes of, all or substantially all of the assets or properties (including
Capital Stock of subsidiaries) of the Company, but excluding liens on such assets or
properties and sales, assignments, conveyances, transfers, leases or other dispositions of
assets or properties (including Capital Stock of subsidiaries) by the Company or any of its
subsidiaries to any direct or indirect wholly-owned subsidiary of the Company; or

          (iv) individuals who as of the date hereof constituted the Board of Directors of the
Company (or any new directors whose election by such Board of Directors or whose nomination
for election by the stockholders of the Company was approved by a vote of a majority of the
directors then still in office) cease for any reason to constitute a majority of the Board
of Directors of the Company then in office.

          (e) The Company shall not be required to (i) transfer on its books any Restricted Shares that
shall have been transferred in violation of any of the provisions set forth in this Agreement or
(ii) treat as owner of such Restricted Shares, or to accord the right to vote or to pay dividends
to, any transferee to whom such Restricted Shares shall have been so transferred.

     7. Voting Agreement.

          (a) Subject to Section 7(b), in the event that a Corporate Action is approved by the Company’s
Board of Directors or other governing body, the Purchaser hereby agrees to consent to and vote all
Capital Stock of the Company held by the Purchaser, and to cause all Capital Stock of the Company
held by any Affiliate of the Purchaser to be voted in favor of such Corporate Action. For the
avoidance of doubt, the covenants set forth in this Section 7(a) shall not be applicable to any
transferee (other than an Affiliate of the Purchaser) to whom the Purchaser or one of its
Affiliates transfers Restricted Shares pursuant to a Transfer permitted under Sections 6(b)(ii),
(iii) and (iv), pursuant to a sale of shares into an established trading market for such shares in
accordance with applicable securities laws, including sales made under Rule 144 under the
Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the
“Securities Act”), or pursuant to a private placement under the Securities Act provided
that securities transferred in each such private placement constitute less than three percent (3%)
of the outstanding Capital Stock of the Company; and provided that securities Transferred in each
such private placement are not, to the knowledge of the Purchaser after reasonable inquiry,
Transferred to the same “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of
the Exchange Act). A “Corporate Action” shall mean any matter put to a vote of the
stockholders of the Company. “Capital Stock” means, with respect to any person, any and
all shares, interests, participation, rights or other equivalents in the equity interests (however
designated) in that person.

          (b) The Purchaser’s obligations set forth in Section 7(a) shall:

14

 

          (i) terminate (A) if the Company issues more than five percent (5%) of its then
outstanding capital stock (on a fully diluted basis) to another Corporate Partner (as
defined below) and such Corporate Partner does not enter into a voting agreement with terms
substantially similar to the covenants set forth in Section 7 of this Agreement, (B) if
such Corporate Partner does enter into such a voting agreement with the Company, if such
voting agreement is subsequently terminated or (C) upon a Change of Control of the Company;

          (ii) be suspended (A) for any time during which a voting agreement described in Section
7(b)(i) with another Corporate Partner is suspended, (B) for any time in which the Purchaser
and its Affiliates in the aggregate hold less than three percent (3%) of the outstanding
Capital Stock of the Company or (C) to the extent (1) the Purchaser’s standstill obligations
set forth in Section 8(a) of this Agreement are, or were they still in effect, would be,
suspended and (2) the Purchaser and its Affiliates vote in favor of an acquisition of the
Company by the Purchaser.

          (c) For purposes of this Agreement, “Corporate Partner” means any person or entity other than
the Purchaser or any of its Affiliates that after the Effective Date (i) acquires more than five
percent (5%) of the Company’s then outstanding Capital Stock and (ii) (A) enters into an agreement
with the Company or any of its subsidiaries providing it with negotiation or commercialization
rights with respect to any of the Company’s or any of its subsidiary’s products or (B) enters into
a research and development or clinical collaboration agreement or Intellectual Property license
agreement with the Company or any of its subsidiaries.

     8. Standstill Agreement.

          (a) From the date of this Agreement until the earlier of (1) the first (1st) anniversary of
the date hereof and (2) a Change of Control of the Company, subject to Section 8(c), the Purchaser
will not, and will cause all of its Affiliates not to:

          (i) Purchase, offer to purchase, agree to acquire or otherwise acquire, directly or
indirectly, beneficial or record ownership of any shares of the Capital Stock of the Company
or any other securities convertible into or exercisable or exchangeable for any Capital
Stock of the Company (excluding shares and securities received by way of stock dividend,
stock reclassification or other distributions or offerings made available on a pro rata
basis to each of the Company’s stockholders) if, after giving effect to such purchase, offer
to purchase, agreement to acquire or other acquisition , the Purchaser, its Affiliates and
all groups of which the Purchaser or any of its Affiliates is a member would beneficially
own in the aggregate in excess of 20% of the Company’s outstanding Capital Stock;

          (ii) make, or in any way participate in, directly or indirectly in concert with others
(including by or through any group of which the Purchaser or any of its Affiliates is a
member), any “solicitation” of “proxies” (as such terms are used in the rules of the SEC) to
vote securities of the Company or to provide or withhold consents with respect to securities
of the Company, or seek to advise or influence any person or entity with respect to the
voting of or the providing or withholding consent with respect to, any securities of the
Company;

15

 

          (iii) either directly or indirectly in concert with others (including by or through any
group of which the Purchaser or any of its Affiliates is a member) make any offer with
respect to, or make or submit a proposal with respect to, or ask or request any other person
to make an offer or proposal with respect to any acquisition of a significant amount of
securities or assets of the Company or any of its Affiliates, including in connection with
any extraordinary transaction, such as a merger, reorganization, recapitalization, tender or
exchange offer or asset disposition involving the Company or any of its Affiliates that, if
consummated, such acquisition, transaction, merger, reorganization, recapitalization, tender
or exchange offer or asset disposition would constitute a Change of Control of the Company
(an “Extraordinary Transaction”);

          (iv) form, join or in any way participate in a “group” (as such term is used in
Sections 13(d) and 14(d) of the Exchange Act) in connection with any of the foregoing;

          (v) either directly or indirectly in concert with others (including by or through any
group of which the Purchaser or any of its Affiliates is a member) seek representation on
the Company’s Board of Directors or any of its controlled Affiliates or otherwise act alone
or in concert with others (including by or through any group of which the Purchaser or any
of its Affiliates is a member) to seek to control or influence the management or Board of
Directors of the Company or any of its controlled Affiliates;

          (vi) take any action that could reasonably be expected to require the Company to make a
public announcement regarding the possibility of any of the events described in clauses (i)
through (v) above;

          (vii) either directly or indirectly in concert with others (including by or through any
group of which the Purchaser or any of its Affiliates is a member) request that the Company
terminate or waive compliance by the Purchaser or any of its Affiliates of its obligations
under this Section 8(a), or otherwise propose any amendment hereto that would have the
foregoing effect; or

          (viii) either directly or indirectly in concert with others (including by or through
any group of which the Purchaser or any of its Affiliates is a member) publicly announce or
disclose any intention, plan or arrangement inconsistent with the foregoing.

          (b) Notwithstanding the provisions of Section 8(a) nothing herein shall prohibit or restrict
the Purchaser or its Affiliates from making any disclosure pursuant to Sections 13(d)-(f) of the
Exchange Act which the Purchaser or such Affiliate reasonably believes, based on the advice of
independent legal counsel, is required in connection with any action taken by the Purchaser or such
Affiliate that is not inconsistent with this Agreement.

          (c) If (i) the Company enters into a definitive agreement with respect to a transaction that,
if consummated, would result in a Change of Control of the Company, (ii) a Third Party Tender Offer
is announced, and following due consideration by the Board of Directors of the Company of such
offer, the Board of Directors of the Company does not publicly recommend against acceptance of such
offer, or (iii) the Company makes a public announcement that it has engaged an investment banker
for the purpose of seeking a Change of

16

 

Control transaction, that it is seeking a Change of Control transaction or that it is
exploring other similar strategic alternatives, then the restrictions set forth in Section 8(a)
shall be suspended from the first to occur of the foregoing until the applicable Suspension
Expiration Date (as defined below). Neither the Purchaser nor any of its Affiliates shall be
obligated by reason of this Section 8 to divest any Company securities acquired by it during such
suspension period.

          (d) “Suspension Expiration Date” shall mean (i) for purposes of Section 8(c)(i), upon
termination of such definitive agreement, (ii) for purposes of Section 8(c)(ii), upon the earlier
of the Company’s Board of Directors rejecting such offer and the termination of such offer, or
(iii) for purposes of Section 8(c)(iii), upon the Company’s public announcement or delivery of
confidential notice to the Purchaser that the Company is no longer seeking a Change of Control
transaction or exploring such strategic alternatives.

          (e) The Company agrees to give prompt written notice to the Purchaser of the occurrence of any
event specified in Section 8(c) above.

          (f) For the avoidance of doubt, the covenants set forth in Section 8 shall not be applicable
to any person to whom the Restricted Shares have been Transferred (other than an Affiliate of the
Purchaser) pursuant to a Permitted Transfer or after the Lock-Up Period has expired.

     9. Legends. The Purchaser understands and agrees that the certificates evidencing the
Restricted Shares shall bear the following legends:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND
CONDITIONS OF A CERTAIN COMMON STOCK PURCHASE AGREEMENT DATED AS OF NOVEMBER
4, 2005 AMONG THE CORPORATION AND THE ORIGINAL HOLDER OF THESE SECURITIES,
INCLUDING THE VOTING PROVISIONS, LOCK-UP PROVISIONS AND STANDSTILL
PROVISIONS. IN ACCORDANCE WITH THE TERMS OF SUCH AGREEMENT, SUCH LOCK-UP
PROVISIONS AND STANDSTILL PROVISIONS SHALL EXPIRE NO LATER THAN NOVEMBER 4,
2006. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE
SECRETARY OF THE CORPORATION.

     If such shares are not certificated, then a substantially similar notification shall be placed
in an appropriate fashion with the person charged with maintaining registration of the ownership of
such Restricted Shares so as to put on notice of the terms and conditions of this Agreement any
transferee of such Restricted Shares. Following the termination of the restrictions set forth in
this Agreement with respect to any of the Restricted Shares, upon the request of the Purchaser that
holds or held such shares, the Company shall issue to the Purchaser or such other person as
directed by the Purchaser a new certificate or certificates representing such Restricted Shares
that does not or do not contain the Legend.

17

 

     10. Miscellaneous.

          (a) Notices. All notices and other communications required or permitted under any of the
Transaction Documents shall be in writing and shall be (i) mailed by registered or certified mail,
postage prepaid, return receipt requested, (ii) sent by facsimile or telecopier, with written
receipt of confirmation or (iii) otherwise delivered by hand or by messenger or a nationally
recognized overnight courier, addressed or telecopied as follows:

     If to the Company:

Introgen Therapeutics, Inc.

301 Congress Avenue, Suite 1850

Austin, TX 78701

Attention: David G. Nance, CEO 

Telecopier: (512) 708-9311

email: d.nance@introgen.com

     with copies to:

Wilson Sonsini Goodrich & Rosati P.C.

650 Page Mill Road

Palo Alto, CA 94304

Attention: Kenneth A. Clark, Esq.

Telecopier: (650) 493-6811

email: kclark@wsgr.com

Wilson & Varner, L.L.P.

301 Congress Avenue, Suite 2025

Austin, Texas 78701

Attention: Rodney Varner

Telecopier: (512) 495-9441

Email: rvarner@wilson-varner.com

     If to the Purchaser:

Colgate-Palmolive Company

300 Park Avenue

New York, NY 10022

Attention: Andy Hendry, Esq.

Telecopier: (212) 310-2374

email:andy_hendry@colpal.com

18

 

     with a copy to:

Gibson, Dunn & Crutcher LLP

200 Park Avenue

New York, NY 10166

Attention: David Wilf, Esq.

Telecopier: (212) 351-6277

email: dwilf@gibsondunn.com

If notice is provided by mail, notice shall be deemed to have been given five (5) business days
after proper deposit with the United States mail. If notice is provided by a nationally recognized
overnight courier, notice shall be deemed to have been given two (2) business days after deposit
with such courier. If notice is provided personally, such notice shall be deemed to have been
given immediately upon personal delivery thereof to the party at the address provided above. If
notice is provided by telecopier, notice shall be deemed to have been given upon confirmation by
the telecopier machine of the receipt of such notice at the telecopier number provided above. A
party hereto may change the addresses to which its notices are to be directed by written notice
complying with the terms of this Section 10(a).

          (b) Governing Law. This Agreement and all disputes or controversies arising out of or
relating to this Agreement or the transactions contemplated hereby shall be governed by, and
construed in accordance with, the internal laws of the State of New York, without regard to the
laws of any other jurisdiction that might be applied because of the conflicts of laws principles of
the State of New York.

          (c) Submission to Jurisdiction. Each of the parties irrevocably agrees that any legal action
or proceeding arising out of or relating to this Agreement or for recognition and enforcement of
any judgment in respect hereof brought by the other party or its successors or assigns may be
brought and determined in any Delaware Chancery Court or Superior Court or federal court sitting in
Delaware, and each of the parties hereby irrevocably submits to the exclusive jurisdiction of the
aforesaid courts for itself and with respect to its property, generally and unconditionally, with
regard to any action or proceeding arising out of or relating to this Agreement and the
transactions contemplated hereby (and agrees not to commence any action, suit or proceeding
relating thereto except in such courts). Each of the parties further agrees to accept service of
process in any manner permitted by such courts. Each of the parties hereby irrevocably and
unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or
otherwise, in any action or proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby, (i) any claim that it is not personally subject to the
jurisdiction of the above-named courts for any reason other than the failure lawfully to serve
process, (ii) that it or its property is exempt or immune from jurisdiction of any such court or
from any legal process commenced in such courts (whether through service of notice, attachment
prior to judgment, attachment in aid of execution of such judgment, execution of judgment or
otherwise) and (iii) to the fullest extent permitted by law, that (A) the suit, action or
proceeding in any such court is brought in any inconvenient forum, (B) the venue of such suit,
action or proceeding is improper or (C) this Agreement, or the subject matter hereof, may not be
enforced in or by such courts.

19

 

          (d) WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY ARISING
UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH
PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND
ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS
OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) EACH SUCH PARTY HAS BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS
SECTION 10(d).

          (e) Certain Definitions. For purposes of this Agreement, an “Affiliate” of a person
means (i) any other person or entity (each a “Controlling Person”) of which such person is a direct
or indirect subsidiary and (ii) all entities that are direct or indirect subsidiaries of such
person or such Controlling Person. For purposes of this Agreement, an entity will be deemed to be
a subsidiary of a Controlling Person if more than 50% of the capital stock or other equity
interests of such entity are “beneficially owned” (as such term is defined in Rule 13d-3 of the
Exchange Act) directly or indirectly by such Controlling Person or if such Controlling Person and
its other direct or indirect subsidiaries have the right to elect a majority of the members of the
board of directors or other governing body of such entity whether by ownership of voting
securities, by contract or otherwise.

          (f) Further Actions. Subject to the terms and conditions contained in this Agreement, the
parties hereto agree to cooperate and take all such further actions and execute any additional
instruments as may reasonably be necessary to carry out, consummate and give effect to the
transactions contemplated by this Agreement.

          (g) Fees and Expenses. Each party hereto shall bear its own out-of-pocket costs and expenses
incident to the preparation, negotiation and execution of this Agreement and the other Transaction
Documents.

          (h) Finder’s Fees. The Company and the Purchaser each represent to the other that neither it
nor any of its Affiliates nor any of their respective officers, directors, employees or
representatives has incurred any liability to any third party for any finders’, brokers’,
investment banking or other similar fees, compensation or commissions in relation to the
transactions contemplated by this Agreement. Each of the Company and the Purchaser shall indemnify
and hold the other harmless from any liability for any such fees, compensation or commissions
(including the costs, expenses and legal fees of defending against such liability) for which the
Company or the Purchaser, or any of their respective Affiliates or any of their respective
officers, directors, employees or representatives, as the case may be, is responsible or which
arise by reason of their actions or alleged actions.

20

 

          (i) Entire Agreement; Amendment. This Agreement and the other Transaction Documents
(including the Exhibits hereto) constitute the entire agreement between the parties with respect to
the subject matter hereof or thereof and supersede and merge all prior agreements or
understandings, whether written or oral. This Agreement may not be amended, modified or revoked,
in whole or in part, except by an agreement in writing signed by each of the parties hereto.

          (j) Specific Performance. Each of the parties acknowledges and agrees that the other party
hereto would be damaged irreparably in the event any of the provisions of this Agreement are not
performed in accordance with their specific terms or otherwise are breached. Accordingly, each of
the parties hereto agrees that the other party hereto shall be entitled to an injunction to prevent
breaches of the provisions of this Agreement and to enforce specifically this Agreement and the
terms and provisions hereof in any court in accordance with Section 11(c) hereof, in addition to
any other remedy to which they may be entitled at law or in equity.

          (k) Waivers. No waiver of any breach or default hereunder shall be considered valid unless in
writing, and no such waiver shall be deemed a waiver of any subsequent breach or default of the
same or similar nature.

          (l) Parties In Interest. This Agreement shall be binding upon and inure solely to the benefit
of the parties hereto and their respective permitted successors and assigns, and nothing in this
Agreement, express or implied, is intended to or shall confer upon any other person or entity any
right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

          (m) Counterparts. This Agreement may be executed by facsimile and in any number of
counterparts, each of which shall be deemed an original for all purposes, but all of which shall
constitute but one and the same instrument.

          (n) Headings. The Section headings contained herein are for the purposes of convenience of
reference only and are not intended to define or limit the contents of said Sections.

          (o) Publicity. The Company and the Purchaser shall attempt in good faith to consult with each
other before issuing, and provide each other the opportunity to review and comment upon, any press
release, filing with the SEC or other public statements with respect to the sale of the Shares and
the execution of this Agreement, including, in the event the Purchaser does not issue a release on
its own or jointly with the Company, with respect to pre-agreed questions and answers for potential
inquiries from third parties. Neither party shall issue any such press release or make any such
public statement prior to such good faith attempt to consult with the other party, except as may be
required by applicable law, by court process or by obligations pursuant to any listing agreement
with any securities exchange.

          (p) Termination and Survival. The provisions of this Agreement shall survive the Closing and,
thereafter, this Agreement and all the provisions herein shall terminate and be of no further force
or effect at such time as none of the Purchaser or any of its Affiliates beneficially owns any of
the Shares. Notwithstanding the foregoing, the representations and

21

 

warranties of the parties set forth in Sections 2, 3 and 4 of this Agreement shall survive
until the expiration of the applicable statute of limitations.

[Signature Page Follows]

22

 

     In Witness Whereof, the parties hereto have executed this Agreement as of the
day and year first above written.

	 	 	 	 	 
	 	 	INTROGEN THERAPEUTICS, INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ James W. Albrecht, Jr.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:	 	James W. Albrecht, Jr.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:	 	Chief Financial Officer
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	COLGATE-PALMOLIVE COMPANY
	 
	 	 	 	 
	 

	 	By:	 	/s/ Dennis J. Hickey
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Name: Dennis J. Hickey
	 
	 	 	 	 
	 	 	Title: Vice President Corporate Controllerexv4w4

 

Exhibit
4.4

RURAL CELLULAR CORPORATION

TO

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

INDENTURE

Dated as of November 7, 2005

$175,000,000

Senior Subordinated Floating Rate Notes due 2012

Senior Subordinated Floating Rate Series B Notes due 2012

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	 	 	1	 
	Section 1.01 Definitions
	 	 	1	 
	Section 1.02 Compliance Certificates and Opinions
	 	 	32	 
	Section 1.03 Form of Documents Delivered to Trustee
	 	 	33	 
	Section 1.04 Acts of Holders; Record Date
	 	 	33	 
	Section 1.05 Notices, Etc., to Trustee and Company
	 	 	35	 
	Section 1.06 Notice to Holders; Waiver
	 	 	35	 
	Section 1.07 Conflict with Trust Indenture Act
	 	 	35	 
	Section 1.08 Effect of Headings and Table of Contents
	 	 	36	 
	Section 1.09 Successors and Assigns
	 	 	36	 
	Section 1.10 Separability Clause
	 	 	36	 
	Section 1.11 Benefits of Indenture and Securities
	 	 	36	 
	Section 1.12 Governing Law
	 	 	36	 
	Section 1.13 Legal Holidays
	 	 	36	 
	Section 1.14 No Personal Liability of Directors, Officers, Employees, and Shareholders
	 	 	37	 
	Section 1.15 Counterparts
	 	 	37	 
	 
	 	 	 	 
	ARTICLE II SECURITY FORMS
	 	 	37	 
	Section 2.01 Forms Generally
	 	 	37	 
	Section 2.02 Form of Face of Security
	 	 	38	 
	Section 2.03 Form of Reverse of Security
	 	 	41	 
	Section 2.04 Form of Trustee’s Certificate of Authentication
	 	 	46	 
	 
	 	 	 	 
	ARTICLE III THE SECURITIES
	 	 	47	 
	Section 3.01 Title and Terms
	 	 	47	 
	Section 3.02 Denominations
	 	 	48	 
	Section 3.03 Execution, Authentication, Delivery and Dating
	 	 	48	 
	Section 3.04 Temporary Securities
	 	 	49	 
	Section 3.05 Global Securities
	 	 	50	 
	Section 3.06
Registration; Registration of Transfer and Exchange Generally;
Certain Transfers and Exchanges;
Securities
             Act Legends
	 	 	51	 
	Section 3.07 Mutilated, Destroyed, Lost and Stolen Securities
	 	 	55	 
	Section 3.08 Payment of Interest; Interest Rights Preserved
	 	 	56	 
	Section 3.09 Persons Deemed Owners
	 	 	57	 
	Section 3.10 Cancellation
	 	 	58	 
	Section 3.11 Computation of Interest
	 	 	58	 
	 
	 	 	 	 
	ARTICLE IV SATISFACTION AND DISCHARGE
	 	 	59	 
	Section 4.01 Satisfaction and Discharge of Indenture
	 	 	59	 

i

 

	 	 	 	 	 
	 	 	Page	 
	Section 4.02 Application of Trust Money
	 	 	60	 
	 
	 	 	 	 
	ARTICLE V REMEDIES
	 	 	60	 
	Section 5.01 Events of Default
	 	 	60	 
	Section 5.02 Acceleration of Maturity; Rescission and Annulment
	 	 	62	 
	Section 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	63	 
	Section 5.04 Trustee May File Proofs of Claim
	 	 	64	 
	Section 5.05 Trustee May Enforce Claims Without Possession of Securities
	 	 	64	 
	Section 5.06 Application of Money Collected
	 	 	64	 
	Section 5.07 Limitation on Suits
	 	 	65	 
	Section 5.08 Unconditional Right of Holders to Receive Principal, Premium, Interest and Liquidated Damages
	 	 	65	 
	Section 5.09 Restoration of Rights and Remedies
	 	 	66	 
	Section 5.10 Rights and Remedies Cumulative
	 	 	66	 
	Section 5.11 Delay or Omission Not Waiver
	 	 	66	 
	Section 5.12 Control by Holders
	 	 	66	 
	Section 5.13 Waiver of Past Defaults
	 	 	67	 
	Section 5.14 Undertaking for Costs
	 	 	67	 
	Section 5.15 Waiver of Stay or Extension Laws
	 	 	67	 
	 
	 	 	 	 
	ARTICLE VI THE TRUSTEE
	 	 	68	 
	Section 6.01 Certain Duties and Responsibilities
	 	 	68	 
	Section 6.02 Notice of Defaults
	 	 	68	 
	Section 6.03 Certain Rights of Trustee
	 	 	69	 
	Section 6.04 Not Responsible for Recitals or Issuance of Securities
	 	 	70	 
	Section 6.05 May Hold Securities
	 	 	70	 
	Section 6.06 Money Held in Trust
	 	 	71	 
	Section 6.07 Compensation and Reimbursement
	 	 	71	 
	Section 6.08 Disqualification; Conflicting Interests
	 	 	72	 
	Section 6.09 Corporate Trustee Required; Eligibility
	 	 	72	 
	Section 6.10 Resignation and Removal; Appointment of Successor
	 	 	72	 
	Section 6.11 Acceptance of Appointment by Successor
	 	 	73	 
	Section 6.12 Merger, Conversion, Consolidation or Succession to Business
	 	 	74	 
	Section 6.13 Preferential Collection of Claims Against Company
	 	 	74	 
	Section 6.14 Appointment of Authenticating Agent
	 	 	74	 
	 
	 	 	 	 
	ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	 	76	 
	Section 7.01 Company to Furnish Trustee Names and Addresses of Holders
	 	 	76	 
	Section 7.02 Preservation of Information; Communications to Holders
	 	 	76	 
	Section 7.03 Reports by Trustee
	 	 	77	 
	Section 7.04 Reports by Company
	 	 	77	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	 	 	78	 
	Section 8.01 Company May Consolidate, Etc. Only on Certain Terms
	 	 	78	 
	Section 8.02 Successor Substituted
	 	 	79	 
	 
	 	 	 	 
	ARTICLE IX SUPPLEMENTAL INDENTURES
	 	 	80	 
	Section 9.01 Supplemental Indentures Without Consent of Holders
	 	 	80	 
	Section 9.02 Supplemental Indentures with Consent of Holders
	 	 	80	 
	Section 9.03 Execution of Supplemental Indentures
	 	 	82	 
	Section 9.04 Effect of Supplemental Indentures
	 	 	82	 
	Section 9.05 Conformity with Trust Indenture Act
	 	 	82	 
	Section 9.06 Reference in Securities to Supplemental Indentures
	 	 	82	 
	Section 9.07 Notice of Supplemental Indenture
	 	 	82	 
	Section 9.08 Revocation and Effect of Consents
	 	 	82	 
	 
	 	 	 	 
	ARTICLE X COVENANTS
	 	 	83	 
	Section 10.01 Payment of Principal, Premium and Interest
	 	 	83	 
	Section 10.02 Maintenance of Office or Agency
	 	 	83	 
	Section 10.03 Money for Security Payments to be Held in Trust
	 	 	84	 
	Section 10.04 Existence
	 	 	85	 
	Section 10.05 Maintenance of Properties
	 	 	85	 
	Section 10.06 Payment of Taxes
	 	 	85	 
	Section 10.07 Maintenance of Insurance
	 	 	86	 
	Section 10.08 Limitation on Consolidated Indebtedness
	 	 	86	 
	Section 10.09 Limitation on Preferred Stock of Restricted Subsidiaries
	 	 	89	 
	Section 10.10 Limitation on Restricted Payments
	 	 	90	 
	Section 10.11 Limitations Concerning Distributions and Transfers By Restricted Subsidiaries
	 	 	92	 
	Section 10.12 Limitations on Liens
	 	 	94	 
	Section 10.13 Limitation on Transactions with Affiliates
	 	 	95	 
	Section 10.14 Limitation on Asset Sales and Sales of Subsidiary Stock
	 	 	96	 
	Section 10.15 Limitation on Activities of the Company and its Restricted Subsidiaries
	 	 	99	 
	Section 10.16 Change of Control
	 	 	99	 
	Section 10.17 Limitation on Certain Indebtedness
	 	 	100	 
	Section 10.18 Statement by Officers as to Default; Compliance Certificates
	 	 	101	 
	Section 10.19 Waiver of Certain Covenants
	 	 	101	 
	Section 10.20 Payments for Consent
	 	 	102	 
	Section 10.21 Covenants upon Attainment and Maintenance of an Investment Grade Rating
	 	 	102	 
	Section 10.22 Notification of Failure to Make an Asset Sale Offer or Change of Control Offer
	 	 	103	 
	 
	 	 	 	 
	ARTICLE XI REDEMPTION OF SECURITIES
	 	 	103	 
	Section 11.01 Right of Redemption
	 	 	103	 
	Section 11.02 Applicability of Article XI
	 	 	103	 

iii

 

	 	 	 	 	 
	 	 	Page	 
	Section 11.03 Election to Redeem; Notice to Trustee
	 	 	103	 
	Section 11.04 Selection by Trustee of Securities to Be Redeemed
	 	 	104	 
	Section 11.05 Notice of Redemption
	 	 	104	 
	Section 11.06 Deposit of Redemption Price
	 	 	105	 
	Section 11.07 Securities Payable on Redemption Date
	 	 	105	 
	Section 11.08 Securities Redeemed in Part
	 	 	105	 
	 
	 	 	 	 
	ARTICLE XII SUBORDINATION OF SECURITIES
	 	 	106	 
	Section 12.01 Securities Subordinate to Senior Indebtedness
	 	 	106	 
	Section 12.02 Payment Over of Proceeds Upon Dissolution, Etc
	 	 	106	 
	Section 12.03 No Payment When Senior Indebtedness in Default
	 	 	107	 
	Section 12.04 Payment Permitted If No Default
	 	 	108	 
	Section 12.05 Subrogation to Rights of Holders of Senior Indebtedness
	 	 	108	 
	Section 12.06 Provisions Solely to Define Relative Rights
	 	 	108	 
	Section 12.07 Trustee to Effectuate Subordination
	 	 	109	 
	Section 12.08 No Waiver of Subordination Provisions
	 	 	109	 
	Section 12.09 Notice to Trustee
	 	 	109	 
	Section 12.10 Reliance on Judicial Order or Certificate of Liquidating Agent
	 	 	110	 
	Section 12.11 Trustee Not Fiduciary for Holders of Senior Indebtedness
	 	 	110	 
	Section 12.12 Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s Rights
	 	 	111	 
	Section 12.13 Article XII Applicable to Paying Agents
	 	 	111	 
	Section 12.14 Defeasance of this Article XII
	 	 	111	 
	 
	 	 	 	 
	ARTICLE XIII DEFEASANCE AND COVENANT DEFEASANCE
	 	 	111	 
	Section 13.01 Company’s Option to Effect Defeasance or Covenant Defeasance
	 	 	111	 
	Section 13.02 Defeasance and Discharge
	 	 	111	 
	Section 13.03 Covenant Defeasance
	 	 	112	 
	Section 13.04 Conditions to Defeasance or Covenant Defeasance
	 	 	112	 
	Section 13.05 Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions
	 	 	114	 
	Section 13.06 Reinstatement
	 	 	115	 

iv

 

          INDENTURE, dated as of November 7, 2005 (this “Indenture”), between Rural
Cellular Corporation, a corporation organized and existing under the laws of the State of Minnesota
(herein called the “Company”), having its principal office at 3905 Dakota Street S.W.,
Alexandria, MN 56308, and Wells Fargo Bank, National Association, as trustee (herein called the
“Trustee”).

RECITALS OF THE COMPANY

          The Company has duly authorized the creation of an issue of its Senior Subordinated Floating
Rate Notes due 2012 (the “Original Securities”), and Senior Subordinated Floating Rate
Series B Notes due 2012 (the “Exchange Securities,” and together with the Original
Securities, the “Securities”) of substantially the tenor and amount hereinafter set forth,
and to provide therefor the Company has duly authorized the execution and delivery of this
Indenture.

          All things necessary to make the Securities, when executed by the Company and authenticated
and delivered hereunder and duly issued by the Company, the valid obligations of the Company, and
to make this Indenture a valid agreement of the Company, in accordance with their and 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, as follows:

ARTICLE I

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 which are defined in the Trust Indenture Act, either directly
or by reference therein, have the meanings assigned to them therein;

          (3) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with GAAP (whether or not such is indicated herein);

 

 

          (4) unless otherwise specifically set forth herein, all calculations or determinations of a
Person shall be performed or made on a consolidated basis in
accordance with GAAP but shall not include the assets and liabilities of Unrestricted
Subsidiaries, except to the extent of dividends and distributions actually paid to the Company or
one of its Wholly Owned Restricted Subsidiaries; and

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

          (6) the term “on a pro forma basis” means on a pro forma basis as calculated in accordance
with Regulation S-X, as amended, under the Securities Act.

          “Acquired Indebtedness” means Indebtedness of a Person (including an Unrestricted
Subsidiary) (1) existing at the time such Person becomes a Restricted Subsidiary or (2) assumed in
connection with the acquisition of assets from such Person, in the case of both of the preceding
clause (1) and clause (2), other than Indebtedness incurred in connection with, or in contemplation
of, such Person becoming a Restricted Subsidiary or such acquisition. Acquired Indebtedness shall
be deemed to be Incurred on the date of the related acquisition of assets from any Person or the
date the acquired Person becomes a Restricted Subsidiary.

          “Acquired Person” has the meaning specified in the definition of Permitted
Investments.

          “Act” when used with respect to any Holder, has the meaning specified in Section 1.04.

          “Additional Securities” has the meaning specified in Section 3.01.

          “Additional Senior Subordinated Exchange Debentures” means the senior subordinated
debentures that may be issued by the Company in accordance with the terms of the Junior
Exchangeable Preferred Stock in effect on the Issue Date.

          “Adjusted Operating Cash Flow Ratio” of any Person means the Operating Cash Flow Ratio
of such Person as adjusted to treat all Preferred Stock of such Person as Redeemable Stock.

          “Administrative Agent” means the Person or Persons designated as such under the Credit
Agreement.

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

2

 

be deemed to be control. The terms “controlling” and
“controlled” have meanings correlative to the foregoing.

          “Affiliate Transaction” has the meaning specified in Section 10.13.

          “Agent Member” means any member of, or participant in, the Depositary.

          “Applicable Procedures” means, with respect to any transfer or transaction involving a
Global Security or beneficial interest therein, the rules and procedures of the Depositary for such
Security, Euroclear and Clearstream, in each case to the extent applicable to such transaction and
as in effect from time to time.

          “Asset Sale” means, in any one transaction or a series of related transactions, the
conveyance, sale, transfer, assignment or other disposition, directly or indirectly, of any of the
Company’s or a Restricted Subsidiary’s property, business or assets, including any sale or other
transfer or issuance of any Capital Stock of any Restricted Subsidiary of the Company, whether
owned on the Issue Date or thereafter acquired.

          Notwithstanding the foregoing, none of the following items will be deemed an Asset Sale:

          (1) an issuance of Capital Stock by a Restricted Subsidiary of the Company to the Company or
to a Wholly Owned Restricted Subsidiary of the Company;

          (2) the sale or other disposition of cash or Cash Equivalents;

          (3) the surrender or waiver of contract rights or settlement, release or surrender of a
contract, tort or other litigation claim in the ordinary course of business;

          (4) the lease, sublease or licensing of any property in the ordinary course of business;

          (5) a Restricted Payment (other than a Permitted Investment) that is not prohibited by Section
10.10 or a Permitted Investment pursuant to clauses (9), (11) and (12) of the definition thereof;

          (6) the sale of inventory in the ordinary course of business;

          (7) any issuance of employee stock options or stock awards by the Company pursuant to benefit
plans in existence on the Issue Date; and

          (8) the granting of Liens not prohibited by this Indenture.

          “Asset Sale Offer” has the meaning specified in Section 10.14.

          “Asset Sale Offer Amount” has the meaning specified in Section 10.14.

3

 

          “Asset Sale Offer Period” has the meaning specified in Section 10.14.

          “Asset Sale Purchase Date” has the meaning specified in Section 10.14.

          “Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time
of determination, the present value of the total obligations of the lessee for net rental payments
during the remaining term of the lease included in such Sale and Leaseback Transaction. Such
present value shall be calculated using a discount rate equal to the rate of interest implicit in
such Sale and Leaseback Transaction, determined in accordance with GAAP.

          “Authenticating Agent” means any Person authorized by the Trustee to act on behalf of
the Trustee to authenticate Securities.

          “Average Life” means, as of any date of determination, with respect to any
Indebtedness or Preferred Stock, the quotient obtained by dividing:

          (1) the sum of the product of (x) the number of years from such date of determination to the
date of each successive scheduled amortization, redemption or principal payment of such
Indebtedness (or similar payment with respect to such Preferred Stock), times (y) the amount of
such payment; by

          (2) the sum of all such payments.

          “Bankruptcy Law” has the meaning specified in Section 5.01(h).

          “Board of Directors” of a Person which is a corporation, means either the board of
directors of that Person or any duly authorized committee of that board.

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

          “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not
a day on which banking institutions in New York City or the State of Minnesota are authorized or
obligated by law or executive order to close.

          “Calculation Agent” means any Calculation Agent appointed from time to time by the
Company in accordance with the terms of this Indenture. A Calculation Agent must be a commercial
banking institution with offices in London, England or New York City with at least $500 million in
capital. The initial Calculation Agent will be Wells Fargo Bank, National Association.

          “Capital Lease Obligation” means that portion of any obligation of a Person as lessee
under a lease which is required to be capitalized on the balance sheet of such lessee in accordance
with GAAP.

4

 

          “Capital Stock” means, with respect to any Person, any and all shares, interests,
participations or other equivalents (however designated, including voting and non-voting) of equity
of such Person; provided, that in no event shall “Capital Stock” of
any Person include any debt security convertible or exchangeable into equity of such Person
until conversion or exchange, as applicable.

          “Cash Equivalents” means:

          (1) securities issued or directly and fully guaranteed or insured by the United States of
America or any agency or instrumentality thereof (provided that the full faith and credit of the
United States of America is pledged in support thereof), in each case, maturing within one year
after the date of acquisition;

          (2) time deposits, certificates of deposit, banker’s acceptances, money market deposits and
commercial paper issued by, or deposited with, any domestic bank or trust company of recognized
standing having capital and surplus in excess of $200 million and commercial paper issued by others
rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by
Moody’s and in each case maturing within one year after the date of acquisition;

          (3) repurchase obligations with a term of not more than seven days for underlying securities
of the types described in (1) and (2) above entered into with any financial institution meeting the
qualifications specified in clause (2) above; and

          (4) investments in money market funds substantially all of whose assets comprise securities of
the types described in clauses (2) and (3) above.

          “Change of Control” means:

          (1) directly or indirectly a merger, sale, transfer or other conveyance of all or
substantially all the assets of the Company, on a consolidated basis, to any “person” or “group”
(as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act, whether or
not applicable), excluding transfers or conveyances to or among the Company’s current or
newly-formed Wholly Owned Restricted Subsidiaries, as an entirety or substantially as an entirety
in one transaction or series of related transactions, in each case with the effect that any Person
or group of Persons beneficially owns more than 50% of the total Voting Power entitled to vote in
the election of directors, managers or trustees of the transferee entity immediately after such
transaction;

          (2) any “person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d)
of the Exchange Act, whether or not applicable) is or becomes the beneficial owner, directly or
indirectly, of more than 50% of the total Voting Power of the Company;

          (3) during any period of 24 consecutive months, individuals who at the beginning of such
period constituted the Board of Directors of the Company (together with any new directors whose
election by such Board or whose nomination for election

5

 

by the shareholders of the Company was
approved by a vote of a majority of the directors then still in office who were either directors at
the beginning of such period or whose
election or nomination for election was previously so approved), cease for any reason to
constitute a majority of the Board of Directors of the Company then in office;

          (4) the adoption of a plan relating to the liquidation or dissolution of the Company; or

          (5) any transaction constituting a “change of control” under the instruments governing any
Subordinated Indebtedness or Preferred Stock of the Company, if such “change of control” would
provide a holder of such Subordinated Indebtedness or Preferred Stock with a right to require the
Company to repurchase or redeem such Subordinated Indebtedness or Preferred Stock in an aggregate
principal amount (or liquidation value, in the case of Preferred Stock) in excess of $20.0 million
and such right has not been waived pursuant to the terms thereof.

          For purposes of this definition, the terms “beneficially own,” “beneficial owner” and
“beneficial ownership” shall have the meanings used in Rules 13d-3 and 13d-5 under the Exchange
Act, whether or not applicable, except that a Person shall be deemed to have “beneficial ownership”
of all shares that any such Person has the right to acquire, whether such right is exercisable
immediately or only after the passage of time.

          Notwithstanding the foregoing, any Change of Domicile transaction will not be deemed a Change
of Control. In addition, the creation of, or the merger, amalgamation, combination, or
consolidation of the Company with or into a Wholly Owned Restricted Subsidiary for the purpose of
forming a holding company whose only substantial asset is the Capital Stock of the Company will not
be deemed a Change of Control under the Indenture, and any such holding company structure will be
disregarded.

          “Change of Control Offer” has the meaning specified in Section 10.16.

          “Change of Control Offer Period” has the meaning specified in Section 10.16.

          “Change of Control Purchase Date” has the meaning specified in Section 10.16.

          “Change of Domicile” means a transaction or series of related transactions, including
without limitation (1) a merger, amalgamation, combination or consolidation of the Company with or
into another Person, (2) the acquisition of all the Capital Stock of the Company or (3) the sale,
transfer or other conveyance of all or substantially all the assets of the Company on a
consolidated basis to another Person, the sole purpose of which is to reincorporate the Company
under the laws of the United States, in another State of the United States or in the District of
Columbia.

          “Class M Preferred Stock” means the Class M Redeemable Voting Convertible Preferred
Stock of the Company.

6

 

          “Clearstream” means Clearstream Banking, a société anonyme (or any successor
securities clearing agency).

          “Commission” means the United States Securities and Exchange Commission.

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

          “Company Request” or “Company Order” means a written request or order signed
in the name of the Company by its Chief Executive Officer, its President or any Vice President, and
by its Chief Financial Officer, Treasurer, an Assistant Treasurer, its Secretary or an Assistant
Secretary, and delivered to the Trustee.

          “Consolidated Indebtedness” of any Person means at any date of determination, the
Indebtedness of such Person and its Restricted Subsidiaries at such date, on a consolidated basis.

          “Consolidated Interest Expense” of any Person means for any period the interest
expense included in an income statement of such Person and its Restricted Subsidiaries, on a
consolidated basis, for such period, including without limitation or duplication (or, to the extent
not so included, with the addition of),

          (1) the portion of any rental obligation in respect of any Capital Lease Obligation allocable
to interest expense in accordance with GAAP;

          (2) the amortization of Indebtedness discounts;

          (3) any payments or fees, other than reimbursement or similar obligations, with respect to
letters of credit, bankers’ acceptances or similar facilities;

          (4) net payment obligations under Hedge Agreements;

          (5) the portion other than Attributable Debt of any rental obligations in respect of any Sale
and Leaseback Transaction; and

          (6) Preferred Stock dividends accrued or payable other than dividends on Qualified Capital
Stock of such Person.

               Notwithstanding the foregoing:

          (a) in the event that any of the Company’s Qualified Capital Stock is classified as
indebtedness because of a change in GAAP occurring after the Issue Date or SFAS 150, dividend
payments on such Qualified Capital Stock will not be included in “Consolidated Interest Expense;”
and

7

 

          (b) for purposes of Section 10.10, “Consolidated Interest Expense” shall exclude any non-cash
charges resulting from the write-down of unamortized security issuance costs, to the extent
included in “Consolidated Interest Expense.”

          “Consolidated Net Income” of any Person means for any period the net income (or loss)
of such Person and its Restricted Subsidiaries for such period determined on a consolidated basis
in accordance with GAAP; provided that there shall be excluded therefrom (to the extent included
and without duplication):

          (1) the net income (or loss) of any Person, other than such Person, that is not a Restricted
Subsidiary of such Person except to the extent of the amount of dividends or other distributions
actually paid to such Person or a Restricted Subsidiary of such Person by such other Person during
such period,

          (2) gains or losses from sales of assets other than sales of inventory in the ordinary course
of business,

          (3) in the event that any of the Company’s Qualified Capital Stock is classified as
indebtedness because of a change in GAAP occurring after the Issue Date or SFAS 150, dividend
payments thereon, to the extent they are treated as interest expense under GAAP,

          (4) for purposes of Section 10.10, the net income, if positive, of any Restricted Subsidiary
to the extent that the declaration or payment of dividends or similar distributions by such
Restricted Subsidiary of such net income is not at that time permitted by the operation of the
terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or
governmental regulations applicable to such Restricted Subsidiary, except to the extent such
restrictions with respect to the payment of dividends or similar distributions have been validly
waived, and

          (5) all extraordinary gains and extraordinary losses.

          “Consolidated Net Worth” of any Person means the consolidated shareholders’ equity of
such Person, determined on a consolidated basis in accordance with GAAP; provided, that
such computation shall exclude (1) any amounts attributable to Redeemable Stock or any equity
security convertible into or exchangeable for Indebtedness, the cost of treasury stock and the
principal amount of any promissory notes receivable from the sale of the Capital Stock of the
Company or any of its Restricted Subsidiaries and (2) Unrestricted Subsidiaries.

          “Cooperative Bank Equity” means non-voting equity interests in Cooperative Banks.

          “Cooperative Banks” means lenders under the Credit Agreement which are cooperative
banks.

8

 

          “Corporate Trust Office” means the principal office of the Trustee at Sixth &
Marquette; N9303-120, Minneapolis, MN 55479, at which at any particular time its corporate trust
business shall be administered or such other location designated by the Trustee in a report
pursuant to Section 7.03(a) or other notice delivered to the Holders by the Trustee.

          “covenant defeasance” has the meaning specified in Section 13.03.

          “Covenant Suspension” has the meaning specified in Section 10.21(a).

          “Credit Agreement” means the Credit Agreement, dated as of March 25, 2004 and amended
as of October 18, 2005, among the Company, the lenders party thereto, Lehman Commercial Paper Inc.,
as Administrative Agent, and Bank of America, N.A., as Documentation Agent, as such agreement may
be amended, supplemented, restated, refunded, replaced, renewed, extended, refinanced, increased or
otherwise modified, in whole or in part, from time to time (whether or not any of the foregoing (1)
occurs simultaneously with or occurs at any time after, the termination or repayment of a prior
Credit Agreement, (2) occurs pursuant to one or more separate instruments or agreements, which may
include indentures and debt securities, (3) occurs on one or more separate occasions, (4) occurs
with the same or different lenders or (5) results in an increase or decrease in the aggregate
principal amount of loans made or to be made thereunder or any other change in terms thereunder).

          “Cumulative Interest Expense” means the total amount of Consolidated Interest Expense
of the Company and its Restricted Subsidiaries for the period beginning on the first day of the
completed fiscal quarter immediately preceding January 16, 2002, through and including the end of
the last completed fiscal quarter preceding the date of any proposed Restricted Payment;
provided, however, that Cumulative Interest Expense shall not include (1) any
dividends paid or accrued on Exchangeable Preferred Stock, (2) any dividends paid or accrued on
Junior Exchangeable Preferred Stock or (3) any dividends paid or accrued on Class M Preferred
Stock.

          “Cumulative Operating Cash Flow” means Operating Cash Flow of the Company and its
Restricted Subsidiaries for the period beginning on the first day of the completed fiscal quarter
immediately preceding January 16, 2002, through and including the end of the last completed fiscal
quarter preceding the date of any proposed Restricted Payment.

          “Daily Interest Amount” has the meaning specified in Section 3.11.

          “Default” means any event that is, or with the passage of time or the giving of notice
or both would be, an Event of Default.

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

          “defeasance” has the meaning specified in Section 13.02.

9

 

          “Depositary” means a clearing agency registered under the Exchange Act that is
designated to act as Depositary for the Securities until a successor Depositary shall have become
such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall
mean such successor Depositary. The Depositary shall initially be DTC.

          “Designated Senior Indebtedness” means the Indebtedness under the Credit Agreement,
the Senior Secured Notes and the Senior Unsecured Notes.

          “Determination Date,” with respect to an Interest Period, will be the second London
Banking Day preceding the first day of the Interest Period.

          “Distribution Compliance Period” means, with respect to the Regulation S Securities,
the “distribution compliance period” required by Rule 903(b)(2) of Regulation S applicable to such
Securities.

          “DTC” means The Depository Trust Company, a New York corporation.

          “DWAC” has the meaning specified in Section 3.06(b)(i)(E).

          “Equity Offering” means any public or private sale of Qualified Capital Stock by the
Company for the account of the Company.

          “Euroclear” means the Euroclear Clearance System (or any successor securities clearing
agency).

          “Event of Default” has the meaning specified in Section 5.01.

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

          “Exchange Indentures” means the indentures under which the Senior Subordinated
Exchange Debentures and the Additional Senior Subordinated Exchange Debentures may be issued.

          “Exchange Offer” means an offer made pursuant to an effective registration statement
under the Securities Act by the Company to exchange all or a portion of the Outstanding Securities
(except for the differences provided for herein) for Exchange Securities.

          “Exchange Registration Statement” means a registration statement of the Company under
the Securities Act registering Exchange Securities for distribution pursuant to an Exchange Offer.

          “Exchange Securities” means the Securities designated as such in the first paragraph
of the recitals of the Company, all of which are to be issued pursuant to an Exchange Offer or sold
pursuant to a Shelf Registration Statement and their Successor Securities.

10

 

          “Exchangeable
Preferred Stock” means the 11
3/8%

Senior Exchangeable Preferred Stock of the Company.

          “Existing Indebtedness” has the meaning specified in Section 10.08(f).

          “Existing Liens” has the meaning specified in Section 10.12.

          “Existing Preferred Stock” has the meaning specified in Section 10.09(a).

          “Existing Senior Subordinated Notes” means the 93/4% Senior Subordinated Notes due 2010
of the Company

          “Expiration Date” has the meaning specified in the definition of “Offer to Purchase.”

          “FCC” has the meaning specified in the definition of Wireless Communications Business.

          “Fair Market Value” means, with respect to any assets or Person, the price which could
be negotiated in an arm’s-length free market transaction, between a willing seller and a willing
buyer, neither of whom is under undue pressure or compulsion to complete the transaction. Fair
Market Value will be determined (1) if such Person or assets have a Fair Market Value of up to $2.5
million, by any executive officer of the Company and evidenced by an Officers’ Certificate, dated
within 30 days of the relevant transaction, (2) if such Person or assets have a Fair Market Value
equal to or in excess of $2.5 million but not in excess of $10 million, by a majority of the Board
of Directors of the Company and evidenced by a Board Resolution, dated within 30 days of the
relevant transaction or (3) if such Person or assets have a Fair Market Value in excess of $10
million, by a majority of the Board of Directors of the Company and evidenced by a Board
Resolution, dated within 30 days of the relevant transaction, based on an appraisal of an
independent appraiser of national reputation.

          “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board or in
such other statements by such other entity or entities as have been approved by a significant
segment of the accounting profession in the United States, which are in effect from time to time.

          “Global Securities” has the meaning specified in Section 2.01.

          “Hedge Agreements” means any interest rate or currency exchange rate swap, cap,
collar, floor, caption or swaption agreements, or any similar arrangements arising at any time
between the Company or any Restricted Subsidiary, on the one hand, and any Person, on the other
hand, as such agreement or arrangement may be modified, supplemented and in effect from time to
time.

11

 

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

          “Incur” means, with respect to any Indebtedness or other obligation of any Person, to
create, issue, incur (by conversion, exchange or otherwise), assume, guarantee or otherwise become
liable in respect of such Indebtedness or other obligation or the recording, as required pursuant
to GAAP or otherwise, of any such Indebtedness or other obligation on the balance sheet of such
Person (and “Incurrence,” “Incurred,” “Incurrable” and “Incurring” shall have meanings correlative
to the foregoing).

          “Indebtedness” means (without duplication), with respect to any Person:

          (1) every obligation of such Person for money borrowed;

          (2) every obligation of such Person evidenced by bonds, debentures, notes, or similar
instruments, including obligations Incurred in connection with the acquisition of property, assets
or businesses;

          (3) every reimbursement or similar obligation of such Person with respect to letters of
credit, bankers’ acceptances or similar facilities issued for the account of such Person;

          (4) every obligation of such Person issued or assumed as the deferred and unpaid purchase
price of property or services (but excluding trade accounts payable or accrued liabilities arising
in the ordinary course of business);

          (5) every Capital Lease Obligation of such Person;

          (6) the maximum fixed redemption or repurchase price of Redeemable Stock of such Person at the
time of determination;

          (7) Attributable Debt of such Person with respect to any Sale and Leaseback Transaction to
which such Person is a party;

          (8) all obligations under Hedge Agreements;

          (9) every obligation of the type referred to in clauses (1) through (8) of another Person and
all dividends of another Person the payment of which, in either case, such Person has guaranteed or
is responsible or liable, directly or indirectly, as obligor, guarantor, or otherwise or for which
such Person provides any form of credit support, and if such credit support takes the form of a
Lien on any assets of the specified Person (which Lien is permitted to be Incurred by this
Indenture) where such Indebtedness is without recourse to such Person, the amount of such
Indebtedness will be the lesser of (A) the Fair Market Value of such assets as of the date of
determination and (B) the amount of such Indebtedness; and

12

 

          (10) the liquidation value of Preferred Stock of a Subsidiary of such Person issued and
outstanding, except for Preferred Stock held by such Person (or one of its Wholly Owned Restricted
Subsidiaries);

          provided, that for all purposes of this Indenture;

          (A) the amount outstanding at any time of any Indebtedness issued with original issue discount
is the face amount of such Indebtedness less the unamortized portion of the original issue discount
of such Indebtedness at the time of its issuance as determined in conformity with GAAP,

          (B) Indebtedness shall not include any liability for federal, state, local, or other taxes,
and

          (C) in the event that any of the Company’s Qualified Capital Stock is classified as
indebtedness because of a change in GAAP occurring after the Issue Date or SFAS 150, such Qualified
Capital Stock shall not be included in “Indebtedness.”

          For purposes of this Indenture, the amount of any Indebtedness under any Hedge Agreement shall
be the amount determined in respect thereof as of the end of the then most recently ended fiscal
quarter of such Person, based on the assumption that such Hedge Agreement had terminated at the end
of such fiscal quarter, and in making such determination, if such Hedge Agreement or any related
agreement provides for the netting of amounts payable by and to such Person thereunder or if any
such agreement provides for the simultaneous payment of amounts by and to such Person, then in each
such case, the amount of such obligations shall be the net amount so determined, unless the
counterparty under such agreement is in default under such agreement or defaults in making the
corresponding payment to such Person.

          “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 or restated.

          “Initial Purchasers” means (1) with respect to the Original Securities issued on the
Issue Date, Lehman Brothers Inc. and Morgan Stanley & Co. Incorporated and (2) with respect to
Original Securities issued after the Issue Date, the initial purchasers of such Securities from the
Company in connection with an exempt offering of Securities to “qualified institutional buyers” (as
such term is defined in Rule 144A) and to other persons.

          “Intercompany Indebtedness” has the meaning specified in Section 10.08.

          “Interest Payment Date” means each February 1, May 1, August 1 and November 1,
commencing on February 1, 2006.

          “Interest Period” means the period commencing on and including an Interest Payment
Date and ending on and including the day immediately preceding the

13

 

next succeeding Interest Payment Date, with the exception that the first Interest Period shall
commence on and include the Issue Date and end on and include January 31, 2006.

          “Investment” by any Person in any other Person means (without duplication):

          (1) the acquisition (whether by purchase, merger, consolidation, or otherwise) by such Person
(whether for cash, property, services, securities, or otherwise) of Capital Stock, bonds, notes,
debentures, partnership or other ownership interests or other securities of such other Person;

          (2) the making by such Person of any deposit with, or advance, loan or other extension of
credit to, such other Person or any commitment to make any such advance, loan or extension;

          (3) the entering into by such Person of any guarantee of, or other contingent obligation with
respect to, Indebtedness or other liability of such other Person;

          (4) the making of any capital contribution by such Person to such other Person; and

          (5) the designation by the Board of Directors of the Company of any Person to be an
Unrestricted Subsidiary.

          For purposes of Section 10.10:

          (A) “Investment” shall include and be valued at the Fair Market Value of such Person’s
pro rata interest in the net assets of any Restricted Subsidiary at the time that such Restricted
Subsidiary is designated an Unrestricted Subsidiary and shall exclude the lesser of (x) the Fair
Market Value of such Person’s pro rata interest in the net assets of any Unrestricted Subsidiary at
the time that such Unrestricted Subsidiary is designated a Restricted Subsidiary and (y) the Fair
Market Value of the amount of such Person’s Investments (other than Permitted Investments) made in
(net of cash distributions received from) such Unrestricted Subsidiary since the Issue Date, and

          (B) the amount of any Investment shall be the Fair Market Value of such Investment at the time
any such Investment is made.

          “Investment Grade” means a rating of the relevant debt obligation of a Person by both
S&P and Moody’s, any such rating being in one of such agency’s four highest generic rating
categories that signifies investment grade (i.e., currently BBB- (or the equivalent) or higher by
S&P and Baa3 (or the equivalent) or higher by Moody’s); provided in each case such ratings are
publicly available; provided that in the event either S&P or Moody’s is no longer in existence for
purposes of determining whether such debt obligations are rated “Investment Grade,” such
organization may be replaced by a nationally recognized statistical rating organization (as defined
in Rule 436 under the

14

 

Securities Act) designated by the Company, written notice of which shall be given to the
Trustee.

          “Issue Date” means the time and date of the first issuance of the Original Securities.

          “Junior Exchangeable Preferred Stock” means the 121/4% Junior Exchangeable Preferred
Stock of the Company.

          “LIBOR,” with respect to an Interest Period, will be the rate (expressed as a
percentage per annum) for deposits in United States dollars for three-month periods beginning on
the first day of such Interest Period that appears on Telerate Page 3750 or Bloomberg page BBAM 1
as of 11:00 a.m., London time, on the Determination Date. If Telerate Page 3750 and Bloomberg page
BBAM 1 do not include such a rate or are unavailable on a Determination Date, the Calculation Agent
will request the principal London office of each of four major banks in the London interbank
market, as selected by the Calculation Agent, to provide such bank’s offered quotation (expressed
as a percentage per annum), as of approximately 11:00 a.m., London time, on such Determination
Date, to prime banks in the London interbank market for deposits in a Representative Amount in
United States dollars for a three-month period beginning on the first day of such Interest Period.
If at least two such offered quotations are so provided, LIBOR for the Interest Period will be the
arithmetic mean of such quotations. If fewer than two such quotations are so provided, the
Calculation Agent will request each of three major banks in New York City, as selected by the
Calculation Agent, to provide such bank’s rate (expressed as a percentage per annum), as of
approximately 11:00 a.m., New York City time, on such Determination Date, for loans in a
Representative Amount in United States dollars to leading European banks for a three-month period
beginning on the first day of such Interest Period. If at least two such rates are so provided,
LIBOR for the Interest Period will be the arithmetic mean of such rates. If fewer than two such
rates are so provided, then LIBOR for the Interest Period will be LIBOR in effect with respect to
the immediately preceding Interest Period.

          “Lien” means, with respect to any property or assets, any mortgage or deed of trust,
pledge, hypothecation, assignment, deposit arrangement, security interest, lien, charge, easement
(other than an easement not materially impairing usefulness or marketability), encumbrance,
preference, priority or other security agreement or preferential arrangement of any kind or nature
whatsoever on or with respect to such property or assets (including, without limitation, any
conditional sale or other title retention agreement having substantially the same economic effect
as any of the foregoing).

          “Liquidated Damages” means the liquidated damages payable under the Registration
Rights Agreement.

          “London Banking Day” is any day in which dealings in United States dollars are
transacted or, with respect to any future date, are expected to be transacted in the London
interbank market.

15

 

          “Marketable Securities” has the meaning specified in Section 10.14.

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

          “Moody’s” means Moody’s Investors Service, Inc. and its successors.

          “Net Cash Proceeds” means the aggregate amount of cash and Cash Equivalents received
by the Company and its Restricted Subsidiaries in respect of an Asset Sale (including upon the
conversion to cash or Cash Equivalents of (a) any note or installment receivable at any time or (b)
any other property as and when any cash and Cash Equivalents are received in respect of any
property received in an Asset Sale but only to the extent such cash or Cash Equivalents are
received within one year after such Asset Sale), less the sum of (1) all out-of-pocket fees,
commissions, and other expenses incurred in connection with such Asset Sale, including the amount
(estimated in good faith by the Board of Directors of the Company) of income, franchise, sales, and
other applicable taxes required to be paid by the Company or any Restricted Subsidiary of the
Company in connection with such Asset Sale and (2) the aggregate amount of cash so received which
is used to retire any then existing Senior Indebtedness of the Company or Indebtedness of any
Restricted Subsidiary; provided, that Indebtedness ranking pari passu in right of payment
with the Securities which is issued pursuant to documentation providing for the making of an offer
to repurchase or repay such Indebtedness in connection with an Asset Sale shall be treated as
provided in Section 10.14.

          “Non-Recourse Debt” means Indebtedness:

          (1) as to which neither the Company nor any of its Restricted Subsidiaries:

               (a) provides credit support of any kind (including any undertaking, agreement or instrument
that would constitute Indebtedness);

               (b) is directly or indirectly liable, as a guarantor or otherwise; or

               (c) constitutes the lender, other than with respect to amounts that are lent by the Company or
one of its Restricted Subsidiaries to an Unrestricted Subsidiary in compliance with Sections 10.10
and 10.13 hereof and are otherwise permitted by this Indenture;

          (2) no default with respect to which, including any rights that the holders of such
Indebtedness may have to take enforcement action against an Unrestricted Subsidiary, would permit
(upon notice, lapse of time or both) any holder of any other Indebtedness of the Company or any of
its Restricted Subsidiaries to declare a default on that other Indebtedness or cause the payment of
that other Indebtedness to be accelerated or payable prior to its stated maturity; and

16

 

          (3) as to which the lenders will not have any recourse to the assets of the Company or the
stock or assets of any of its Restricted Subsidiaries.

          “Notice of Default” has the meaning specified in Section 5.01(e).

          “Offer” has the meaning specified in the definition of Offer to Purchase.

          “Offer to Purchase” means a written offer (the “Offer”) sent by the Company to
each Holder at his address appearing in the Security Register on the date of the Offer offering to
purchase up to the principal amount of Securities specified in such Offer at the purchase price
specified in such Offer. Unless otherwise required by applicable law, the Offer shall specify an
expiration date (the “Expiration Date”) of the Offer to Purchase which, subject to any
contrary requirements of applicable law, shall be not less than 30 days nor more than 60 days after
the date of such Offer to Purchase (or, in the case of any Offer to Purchase made prior to the
occurrence of the Change of Control and contingent upon such occurrence, the later of (x) 60 days
after the date of such Offer to Purchase and (y) the date of occurrence of such Change of Control)
and a settlement date (the “Purchase Date”) for purchase of Securities within five Business
Days after the Expiration Date.

          The Offer shall also state:

          (1) the Section of this Indenture pursuant to which the Offer to Purchase is being made;

          (2) the Expiration Date and the Purchase Date;

          (3) the aggregate principal amount of the Outstanding Securities offered to be purchased by
the Company pursuant to the Offer to Purchase (including, if less than 100%, the manner by which
such has been determined pursuant to the Section hereof requiring the Offer to Purchase) (the
“Purchase Amount”);

          (4) the purchase price to be paid by the Company for each $1,000 aggregate principal amount of
Securities accepted for payment (as specified pursuant to this Indenture) (the “Purchase
Price”);

          (5) that the Holder may tender all or any portion of the Securities registered in the name of
such Holder and that any portion of a Security tendered must be tendered in an integral multiple of
$1,000 principal amount;

          (6) the place or places where Securities are to be surrendered for tender pursuant to the
Offer to Purchase;

          (7) that on the Purchase Date the Purchase Price will become due and payable upon each
Security accepted for payment pursuant to the Offer to Purchase and that interest thereon shall
cease to accrue on and after the Purchase Date;

17

 

          (8) that each Holder electing to tender a Security pursuant to the Offer to Purchase will be
required to surrender such Security at the place or places specified in the Offer prior to the
close of business on the Expiration Date (such Security being, if the Company or the Trustee so
requires, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory
to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized
in writing);

          (9) that Holders will be entitled to withdraw all or any portion of Securities tendered if the
Company (or its Paying Agent) receives, not later than the close of business on the Expiration
Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the
principal amount of the Security the Holder tendered, the certificate number of the Security the
Holder tendered and a statement that such Holder is withdrawing all or a portion of his tender;

          (10) that (a) if Securities in an aggregate principal amount less than or equal to the
Purchase Amount are duly tendered and not withdrawn pursuant to the Offer to Purchase, the Company
shall purchase all such Securities and (b) if Securities in an aggregate principal amount in excess
of the Purchase Amount are tendered and not withdrawn pursuant to the Offer to Purchase, the
Company shall purchase Securities having an aggregate principal amount equal to the Purchase Amount
on a pro rata basis (with such adjustments as may be deemed appropriate so that only Securities in
denominations of $1,000 or integral multiples thereof shall be purchased); and

          (11) that in the case of any Holder whose Security is purchased only in part, the Company
shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security
without service charge, a new Security or Securities, of any authorized denomination as requested
by such Holder, in an aggregate principal amount equal to and in exchange for the unpurchased
portion of the Security so tendered.

          “Offering Memorandum” means the Offering Memorandum, dated November 1, 2005, with
respect to the offering of the Original Securities to be issued on the Issue Date.

          “Officers’ Certificate” means a certificate signed by two officers at least one of
whom shall be the principal executive officer, principal accounting officer or principal financial
officer of the Company and delivered to the Trustee.

          “Operating Cash Flow” for any Person for any period means:

          (1) the Consolidated Net Income of such Person for such period, plus

          (2) the sum, without duplication (and only to the extent such amounts are deducted in
determining such Consolidated Net Income), of:

          (a) the provisions for income taxes for such period for such Person and its Restricted
Subsidiaries, determined on a consolidated basis in accordance with GAAP,

18

 

          (b) depreciation, amortization and other non-cash charges of such Person and its Restricted
Subsidiaries, determined on a consolidated basis in accordance with GAAP, and

          (c) Consolidated Interest Expense, to the extent that any such expense was deducted in
computing such Consolidated Net Income, of such Person for such period,

          less the amount of all cash payments made during such period by such Person and its Restricted
Subsidiaries to the extent such payments relate to non-cash charges that were added back in
determining Operating Cash Flow for such period or for any prior period (and only to the extent
such amounts are included in determining such Consolidated Net Income).

          In the case of a Restricted Subsidiary that is not a Wholly Owned Restricted Subsidiary, the
determination of the percentage of the Operating Cash Flow of such Restricted Subsidiary that is to
be included in the calculation of the Company’s Operating Cash Flow shall be made on a pro forma
basis on the assumption that the percentage of the Company’s common equity interest in such
Restricted Subsidiary throughout the applicable Reference Period was equivalent to its common
equity interest on the date of the determination.

          “Operating Cash Flow Ratio” means, on any date (the “Transaction Date”), with
respect to any Person, the ratio of

          (1) Consolidated Indebtedness of such Person and its Restricted Subsidiaries on the
Transaction Date (after giving pro forma effect to the Incurrence of any Indebtedness and the
application of the proceeds thereof on such Transaction Date) divided by

          (2) the aggregate amount of Operating Cash Flow of such Person;

          provided, that for purposes of such computation, in calculating Operating Cash Flow and
Consolidated Indebtedness:

          (A) the transaction giving rise to the need to calculate the Operating Cash Flow Ratio will be
assumed to have occurred (on a pro forma basis) on the first day of the Reference Period;

          (B) acquisitions that have been made by such Person or any of its Restricted Subsidiaries,
including through consolidations, amalgamations, combinations or mergers during the Reference
Period or subsequent thereto and on or prior to the Transaction Date will be given effect (on a pro
forma basis) as if they had occurred on the first day of the Reference Period;

          (C) businesses disposed of by such Person or any of its Restricted Subsidiaries during the
Reference Period or subsequent thereto and on or prior to the

19

 

Transaction Date will be given effect (on a pro forma basis) as if they had occurred on the
first day of the Reference Period;

          (D) the Indebtedness of any Restricted Subsidiary that is not a Wholly Owned Restricted
Subsidiary shall be determined in accordance with the actual percentage of the Person’s common
equity interest in such Restricted Subsidiary on the date of determination of the Operating Cash
Flow Ratio (thus, for example, in the case of a Restricted Subsidiary in which such Person owns a
51% common equity interest, 51% of such Subsidiary’s Indebtedness would be included in the
calculation of such Person’s aggregate Indebtedness); and

          (E) except as provided in clause (7) of the second paragraph of Section 10.10, the
Exchangeable Preferred Stock, the Junior Exchangeable Preferred Stock and the Class M Preferred
Stock outstanding on the Issue Date shall be excluded from Consolidated Indebtedness. For the
avoidance of doubt, any accrued but unpaid dividends on such Preferred Stock shall be similarly
excluded.

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

          “Original Securities” means the Securities designated in the first paragraph of the
recitals of the Company.

          “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 canceled 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 segregated in trust by the Company (if the Company shall act as its own Paying Agent) for
the Holders of such Securities; provided that, if such Securities are to be redeemed,
notice of such redemption has been duly given pursuant to this Indenture or provision therefor
satisfactory to the Trustee has been made; and

                    (iii) Securities which have been replaced pursuant to Section 3.07 or in exchange for or in
lieu of which other Securities have been authenticated and delivered pursuant to this Indenture,
other than any such Securities in respect of which there shall have been presented to the Trustee
proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such
Securities are valid obligations of the Company;

20

 

provided, however, that in determining whether the Holders of the requisite
principal amount of the Outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, Securities owned by the Company or any other
obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be
disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall
be protected in relying upon any such request, demand, authorization, direction, notice, consent or
waiver, only Securities which the Trustee knows to be so owned shall be so disregarded. Securities
so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such
Securities and that the pledgee is not the Company or any other obligor upon the Securities or any
Affiliate of the Company or of such other obligor.

          “pari passu,” when used with respect to the ranking of any Indebtedness of any Person
in relation to other Indebtedness of such Person, means that each such Indebtedness (a) either (i)
is not subordinated in right of payment to any other Indebtedness of such Person or (ii) is
subordinate in right of payment to the same Indebtedness of such Person as is the other and is so
subordinate to the same extent and (b) is not subordinate in right of payment to the other or to
any Indebtedness of such Person as to which the other is not so subordinate.

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

          “Payment Blockage Period” has the meaning specified in Section 12.03.

          “Payment Default” has the meaning specified in Section 5.01(f).

          “Permitted Investments” means:

          (1) Investments in Cash Equivalents;

          (2) Investments in the Company or a Restricted Subsidiary;

          (3) Investments in a Person substantially all of whose assets are of a type generally used in
a Wireless Communications Business (an “Acquired Person”) if, as a result of such
Investments, (A) the Acquired Person immediately thereupon becomes a Restricted Subsidiary or (B)
the Acquired Person immediately thereupon either (a) is merged or consolidated with or into the
Company or any Restricted Subsidiary or (b) transfers or conveys all or substantially all of its
assets to, or is liquidated into, the Company or any of its Restricted Subsidiaries;

          (4) Investments in accounts and notes receivable acquired in the ordinary course of business;

21

 

          (5) any securities received in connection with an Asset Sale and any Investment with the Net
Cash Proceeds from any Asset Sale in Capital Stock of a Person, all or substantially all of whose
assets are of a type used in a Wireless Communications Business, that complies with Section 10.14;

          (6) advances and prepayments for asset purchases in the ordinary course of business in a
Wireless Communications Business of the Company or a Restricted Subsidiary;

          (7) customary loans or advances made in the ordinary course of business to officers,
directors, or employees of the Company or any of its Restricted Subsidiaries for travel,
entertainment, and moving and other relocation expenses not to exceed $5.0 million at any one time
outstanding;

          (8) the purchase of Cooperative Bank Equity in Cooperative Banks to the extent required by the
charter documents of such Cooperative Banks in connection with the Incurrence of any Indebtedness
which is provided by such Cooperative Banks under the Credit Agreement, provided that such
Incurrence is permitted under the terms of this Indenture;

          (9) Investments in Wireless Alliance not exceeding $10.0 million in the aggregate made after
January 16, 2002;

          (10) Investments received in satisfaction of judgments, settlements of debt or compromises of
obligations incurred in the ordinary course of business, including pursuant to any plan of
reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or
customer;

          (11) Investments arising from Hedge Agreements permitted to be Incurred pursuant to clause (e)
of the second paragraph under Section 10.08;

          (12) Investments in any Person, which Investments have an aggregate Fair Market Value,
measured on the date each such Investment is made and without giving effect to subsequent changes
in value, when taken together with all other Investments made pursuant to this clause (12) since
the Issue Date not exceeding $15.0 million;

          (13) receivables owing to the Company or any Restricted Subsidiary if created or acquired in
the ordinary course of business and payable or dischargeable in accordance with customary trade
terms;

          (14) Investments that are deemed to have been made as a result of the acquisition of a Person
that at the time of such acquisition held instruments constituting Investments that were not
acquired in contemplation of the acquisition of such Person (only to the extent that the making of
such Investment through the acquisition of such Person was already deemed to be a Restricted
Payment made pursuant to Section 10.10 as of the date of such acquisition); and

22

 

          (15) Investments in prepaid expenses and lease, utility and workers’ compensation performance
and other similar deposits.

          “Permitted Junior Securities” means (1) common equity interests in the Company or (2)
debt or preferred equity securities of the Company issued pursuant to a plan of reorganization
consented to by each class of Senior Indebtedness; provided that all such securities are
subordinated to all Senior Indebtedness and any debt securities issued in exchange for Senior
Indebtedness to substantially the same extent as, or to a greater extent than, the Securities are
subordinated to Senior Indebtedness under this Indenture.

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

          “Predecessor Security” of any particular Security means every previous Security
evidencing all or a portion of the same debt as that evidenced by such particular Security; and,
for the purposes of this definition, any Security authenticated and delivered under Section 3.07 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Security.

          “Preferred Stock” means, with respect to any Person, any and all shares of Capital
Stock of such Person that have preferential rights to any other Capital Stock of such Person with
respect to dividends or redemptions or upon liquidation.

          “Proceeding” has the meaning specified in Section 12.02.

          “Purchase Agreement” means (1) with respect to the Original Securities issued on the
Issue Date, the Purchase Agreement, dated as of November 1, 2005, among the Company and the Initial
Purchasers, as such agreement may be amended from time to time and (2) with respect to the Original
Securities issued after the Issue Date, the purchase agreement relating to the issuance of such
Securities among the Company and the Initial Purchasers, as such agreement may be amended from time
to time.

          “Purchase Amount” has the meaning specified in the definition of Offer to Purchase.

          “Purchase Date” has the meaning specified in the definition of Offer to Purchase.

          “Purchase Price” has the meaning specified in the definition of Offer to Purchase.

          “Qualified Capital Stock” means, with respect to any Person, any and all shares of
Capital Stock other than Redeemable Stock.

23

 

          “Qualified Capital Stock Proceeds” means, with respect to any Person,

          (1) in the case of any sale of Qualified Capital Stock, the aggregate net cash proceeds
received by such Person (plus 70% of the Fair Market Value of long-term assets that are used or
usable in a Wireless Communications Business), after payment of expenses, commissions, and the like
incurred by such Person in connection therewith, and net of Indebtedness that such Person Incurred,
guaranteed or otherwise became liable for in connection with the issuance or acquisition of such
Capital Stock; and

          (2) in the case of any exchange, exercise, conversion, or surrender of any Redeemable Stock or
Indebtedness of such Person issued (other than to any Subsidiary) for cash after January 16, 2002
for or into shares of Qualified Capital Stock of such Person, the liquidation value of the
Redeemable Stock or the net book value of such Indebtedness as adjusted on the books of such Person
to the date of such exchange, exercise, conversion, or surrender, plus any additional amount paid
by the securityholders to such Person upon such exchange, exercise, conversion, or surrender and
less any and all payments made to the securityholders, and all other expenses, commissions and the
like incurred by such Person or any Subsidiary in connection therewith.

          “Redeemable Stock” of any Person means any Capital Stock that, by its terms (or by the
terms of any security into which it is convertible, or for which it is exchangeable, in each case
at the option of the holder of the Capital Stock), or upon the happening of any event, matures or
is mandatorily redeemable pursuant to a sinking fund obligation, is required to be redeemed prior
to the 91st day after the final Stated Maturity of the Securities or is redeemable at the option of
the holder thereof at any time prior to the 91st day after the final Stated Maturity of the
Securities, except to the extent such Capital Stock is solely redeemable with any Capital Stock
that is not Redeemable Stock; provided that:

          (1) only the portion of the Capital Stock which is mandatorily redeemable or is so redeemable
at the option of the holder prior to such date shall be deemed Redeemable Stock;

          (2) if such Capital Stock is issued in the ordinary course of business to any employee or to
any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to
such employees, such Capital Stock shall not constitute Redeemable Stock solely because it may be
required to be repurchased by the Company or any of its Subsidiaries in order to satisfy applicable
statutory or regulatory obligations or as a result of such employee’s termination, death or
disability; and

          (3) any Capital Stock that would not constitute Redeemable Stock but for provisions in it
giving holders thereof the right to require such Person to repurchase or redeem such Capital Stock
upon the occurrence of a “change of control” or “asset sale” occurring prior to the final Stated
Maturity of the Securities shall not constitute Redeemable Stock if the “change of control” or
“asset sale” provisions applicable to such Capital Stock are no more favorable to the holders of
such Capital Stock than the provisions of Sections 10.14 or 10.16, as applicable, in this Indenture
and such Capital Stock specifically provides that such Person will not repurchase or redeem any
such Capital

24

 

Stock
specifically provides that such Person will not repurchase or redeem
any such Capital Stock pursuant to such provision prior to the Company’s repurchase of the Securities
as required pursuant to Sections 10.14 or 10.16, as applicable.

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

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

          “Reference Period” with regard to any Person means the last four completed fiscal
quarters of such Person immediately preceding any date upon which any determination is to be made
pursuant to the terms of the Securities or this Indenture.

          “Registered Securities” means the Exchange Securities and all other Securities sold or
otherwise disposed of pursuant to an effective registration statement under the Securities Act,
together with their respective Successor Securities.

          “Registration Rights Agreement” means (1) with respect to the Original Securities
issued on the Issue Date, the Registration Rights Agreement, dated as of November 7, 2005, by and
among the Company and the Initial Purchasers, as such agreement may be amended from time to time,
and (2) with respect to Original Securities issued after the Issue Date, any Registration Rights
Agreement among the Company and the Initial Purchasers providing for the issuance of Exchange
Securities in an Exchange Offer registered on an Exchange Registration Statement and the
registration of the resale of Securities under a Shelf Registration Statement, as each such
agreement may be amended from time to time.

          “Regular Record Date” for the interest payable on any Interest Payment Date means the
January 15, April 15, July 15 or October 15 (whether or not a Business Day), as the case may be,
immediately preceding such Interest Payment Date.

          “Regulation S” means Regulation S under the Securities Act (or any successor
provision), as it may be amended from time to time.

          “Regulation S Global Security” has the meaning specified in Section 2.01.

          “Regulation S Securities” means the Securities, if any, issued in reliance on
Regulation S.

          “Representative Amount” means a principal amount of not less than U.S.$1,000,000 for a
single transaction in the relevant market at the relevant time.

          “Restricted Global Security” has the meaning specified in Section 2.01.

          “Restricted Payment” means, with respect to any Person:

25

 

          (1) any declaration or payment of a dividend or making any other payment or other distribution
(including, without limitation, any payment in connection with any merger or consolidation
involving such Person or any Restricted Subsidiary of such Person) on or on account of any shares
of Capital Stock of such Person or any Restricted Subsidiary of such Person (other than a dividend
payable solely in shares of the Qualified Capital Stock of such Person or options, warrants, or
other rights to acquire the Qualified Capital Stock of such Person and other than any declaration
or payment of a dividend or other distribution by a Restricted Subsidiary to the Company or another
Wholly Owned Restricted Subsidiary of the Company);

          (2) any payment on account of the purchase, redemption, retirement, or acquisition (including
by way of issuing any Indebtedness or Redeemable Stock in exchange for Qualified Capital Stock) of
(A) any shares of Capital Stock (including, without limitation, the Exchangeable Preferred Stock,
the Junior Exchangeable Preferred Stock and the Class M Preferred Stock) of such Person or any
Subsidiary of such Person held by Persons other than such Person or any of its Restricted
Subsidiaries or any shares of Capital Stock of the direct or indirect parent of such Person or (B)
any option, warrant, or other right to acquire shares of Capital Stock of such Person or any
Restricted Subsidiary of such Person or any of its Restricted Subsidiaries, in each case, other
than pursuant to the cashless exercise of options, warrants or other rights to acquire Capital
Stock of such Person;

          (3) any Investment (other than a Permitted Investment) made by such Person; and

          (4) any payment on or with respect to any Subordinated Indebtedness of such Person, or any
redemption, defeasance, repurchase, or other acquisition or retirement for value prior to any
scheduled maturity, repayment, or sinking fund payment, of any Subordinated Indebtedness of such
Person, except a payment of interest or principal at the stated maturity thereof;

          provided, that the term “Restricted Payment” does not include the payment of a
dividend or other distribution by any Restricted Subsidiary on shares of its Capital Stock that is
paid pro rata to all holders of such Capital Stock.

          “Restricted Subsidiary” of any Person means any Subsidiary of such Person other than
an Unrestricted Subsidiary of such Person.

          “Rule 144” means Rule 144 under the Securities Act (or any successor provision) as it
may be amended from time to time.

          “Rule 144A” means Rule 144A under the Securities Act (or any successor provision), as
it may be amended from time to time.

          “Rule 144A Securities” means the Securities purchased by the Initial Purchasers from
the Company pursuant to the Purchase Agreement, other than the Regulation S Securities.

26

 

          “S&P” means Standard & Poor’s Ratings Services and its successors.

          “Sale and Leaseback Transaction” of any Person means an arrangement with any lender or
investor or to which such lender or investor is a party providing for the leasing by such Person of
any property or asset of such Person which has been or is being sold or transferred by such Person
more than 270 days after the acquisition thereof or the completion of construction or commencement
of operation thereof to such lender or investor or to any Person to whom funds have been or are to
be advanced by such lender or investor on the security of such property or asset. The stated
maturity of such arrangement shall be the date of the last payment of rent or any other amount due
under such arrangement prior to the first date on which such arrangement may be terminated by the
lessee without payment of a penalty.

          “Securities” means securities designated in the first paragraph of the recitals of the
Company and includes the Exchange Securities.

          “Securities Act” means the Securities Act of 1933, as amended.

          “Securities Act Legend” means a legend substantially in the form of the legend
required in the form of Security set forth in Section 2.02 to be placed upon a Rule 144A Security
or an Regulation S Security.

          “Securities Payment” means any payment or distribution of any kind or character,
whether in cash, property, or securities, on account of principal of (or premium, if any) or
interest on or other obligations in respect of the Securities or on account of any purchase or
other acquisition of the Securities by the Company or any Subsidiary of the Company (in each case,
other than a payment in the form of Permitted Junior Securities). For purposes of this definition,
the words “any payment or distribution of any kind or character, whether in cash, property or
securities” shall not be deemed to include a payment or distribution of stock or securities of the
Company provided for by a plan of reorganization or readjustment authorized by an order or decree
of a court of competent jurisdiction in a reorganization proceeding under any applicable bankruptcy
law or of any other corporation provided for by such plan of reorganization or readjustment which
stock or securities are subordinated in right of payment to all then outstanding Senior
Indebtedness to substantially the same extent as the Securities are so subordinated as provided in
Article XII hereof.

          “Security Registrar” and “Security Register” have the respective meanings
specified in Section 3.06.

          “Senior Indebtedness” means the principal of (and premium, if any) and interest
(including interest accruing on or after the filing of any petition in bankruptcy or for
reorganization relating to the Company, whether or not a claim for post-petition interest is
allowed in such proceeding) on

          (1) Indebtedness of the Company created pursuant to the Credit Agreement and all other
obligations thereunder or under the notes, security documents,

27

 

pledge agreements, Hedge Agreements, or other agreements or instruments executed in connection
therewith;

          (2) the Senior Secured Notes and the Senior Unsecured Notes;

          (3) Indebtedness of the Company created pursuant to any vendor financing Incurred for the
acquisition, construction, or improvement by the Company or any Restricted Subsidiary of assets in
the Wireless Communications Business;

          (4) all other Indebtedness of the Company for borrowed money referred to in the definition of
Indebtedness other than clauses (4), (6), and (10) thereof (and clause (9) thereof to the extent
applicable to Indebtedness Incurred under clauses (4) and (6) thereof), whether Incurred on or
prior to the Issue Date, other than the Securities; and

          (5) amendments, renewals, extensions, modifications, refinancings and refundings of any such
Indebtedness;

          provided, however, that the following shall not constitute Senior Indebtedness:

          (A) any Indebtedness owed to a Person when such Person is a Restricted Subsidiary of the
Company,

          (B) any Indebtedness which by the terms of the instrument creating or evidencing the same is
expressly made equal or subordinate in right of payment to the Securities,

          (C) any Indebtedness Incurred in violation of the Indenture (but, as to any such
Indebtedness, no such violation shall be deemed to exist for purposes of this clause (C) if the
holder(s) of such Indebtedness or their representative and the Trustee shall have received an
Officers’ Certificate of the Company to the effect that the Incurrence of such Indebtedness does
not (or in the case of revolving credit Indebtedness, that the Incurrence of the entire committed
amount thereof at the date on which the initial borrowing thereunder is made would not) violate the
Indenture; provided that the holder(s) of such Indebtedness or their representative shall not have
received prior to the Incurrence of such Indebtedness a written notice from the trustee advising
them that such Incurrence violates the terms of the Indenture), or

          (D) any Indebtedness which is subordinated in right of payment to any other Indebtedness of
the Company, including, without limitation, the Existing Senior Subordinated Notes, the Senior
Subordinated Exchange Debentures, and the Additional Senior Subordinated Exchange Debentures.

          “Senior Nonmonetary Default” means the occurrence or existence and continuance of any
event of default, or of any event which, after notice or lapse of time (or both), would become an
event of default, under the terms of any instrument pursuant to which any Senior Indebtedness is
outstanding, permitting (after notice or lapse of time

28

 

or both) one or more holders of such Senior Indebtedness (or an administrative agent on behalf of
the holders thereof) to declare such Senior Indebtedness due and payable prior to the date on which
it would otherwise become due and payable, other than a Senior Payment Default.

          “Senior Payment Default” means any default in the payment of principal of (or premium,
if any) or interest on any Senior Indebtedness when due, whether at the stated maturity of any such
payment or by declaration of acceleration, call for redemption, or otherwise.

          “Senior Secured Notes” means the Senior Secured Floating Rate Notes due 2010 and the
81/4% Senior Secured Notes due 2012 of the Company.

          “Senior
Unsecured Notes” means the 9
7/8% Senior Notes due 2010 of the Company.

          “Senior Subordinated Exchange Debentures” means the senior subordinated debentures
that may be issued by the Company in accordance with the terms of the Exchangeable Preferred Stock
in effect on the Issue Date.

          “SFAS 150” means Statement No. 150, “Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equity,” of the Financial Accounting Standards Board.

          “Shelf Registration Statement” means a “shelf” registration statement under which
resales of Securities by the holders thereof are registered under the Securities Act pursuant to a
Registration Rights Agreement.

          “Significant Subsidiary” means any Restricted Subsidiary of the Company that is a
“significant subsidiary” as defined in Article 1-02(w) of Regulation S-X under the Securities Act.

          “Special Record Date” has the meaning specified in Section 3.08(a).

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

          “Subordinated Indebtedness” means Indebtedness of the Company or any Restricted
Subsidiary of the Company, whether outstanding on the date hereof or hereafter Incurred, which is
by its terms expressly subordinate or junior in right of payment to the Securities.

          “Subsidiary” means, as applied to any Person, (1) any corporation of which more than
fifty percent (50%) of the outstanding Capital Stock (other than directors’ qualifying shares)
having ordinary Voting Power to elect its board of directors,

29

 

regardless of the existence at the
time of a right of the holders of any class or classes of securities of
such corporation to exercise such Voting Power by reason of the happening of any contingency,
or any entity other than a corporation of which more than fifty percent (50%) of the outstanding
ownership interests, is at the time owned directly or indirectly by such Person, or by one or more
Subsidiaries of such Person, or by such Person and one or more Subsidiaries of such Person, or (2)
any other entity which is directly or indirectly controlled by such Person, or by one or more
Subsidiaries of such Person, or by such Person and one or more Subsidiaries of such Person.

          “Successor Company” has the meaning specified in Section 8.01(b).

          “Successor Security” of any particular Security means every Security issued after, and
evidencing all or a portion of the same debt as that evidenced by, such particular Security; and,
for the purposes of this definition, any Security authenticated and delivered under Section 3.07 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Security.

          “Telecommunications Business” means the business of (1) transmitting, or providing
services relating to the transmission of, voice, video or data through owned or leased wireline or
wireless transmission facilities, (2) creating, developing, constructing, installing, repairing,
maintaining or marketing communications-related systems, network equipment and facilities, software
and other products, or (3) evaluating, owning, operating, participating in or pursuing any other
business that is primarily related to those identified in clauses (1) or (2) above (in the case of
this clause (3), however, in a manner consistent with the Company’s manner of business on the Issue
Date), and shall, in any event, include all businesses in which the Company or any of its
Subsidiaries is engaged on the Issue Date or has entered into agreements to engage in or to acquire
a company to engage in or contemplate engaging in, as expressly set forth in the Offering
Memorandum; provided that the determination of what constitutes a Telecommunications
Business shall be made in good faith by the Company’s Board of Directors.

          “Telerate Page 3750” means the display designated as “Page 3750” on the Moneyline
Telerate service (or such other page as may replace Page 3750 on that service).

          “Total Assets” means the total assets of the Company and its Restricted Subsidiaries
on a consolidated basis determined in accordance with GAAP, as shown on the most recently available
consolidated balance sheet of the Company.

          “Transaction Date” has the meaning specified in the definition of Operating Cash Flow
Ratio.

          “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as
of which this instrument was executed, except as provided in Section 9.05; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after

30

 

such date,
“Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act
of 1939 as so amended.

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

          “U.S. Government Obligations” has the meaning specified in Section 13.04(a).

          “Unrestricted Subsidiary” of any Person means (1) any Subsidiary of such Person that
at the time of determination shall be designated an Unrestricted Subsidiary by the Board of
Directors of such Person in the manner provided below and (2) any Subsidiary of an Unrestricted
Subsidiary. Any Subsidiary of the Company may be designated by the Board of Directors of the
Company as an Unrestricted Subsidiary by a Board Resolution, but only if the Subsidiary:

                    (1) has no Indebtedness other than Non-Recourse Debt;

                    (2) is not party to any agreement, contract, arrangement or understanding with the Company or
any Restricted Subsidiary of the Company, unless the terms of any such agreement, contract,
arrangement or understanding are no less favorable to the Company or the Restricted Subsidiary than
those that might be obtained at the time from Persons who are not Affiliates of the Company;

                    (3) is a Person with respect to which neither the Company nor any of its Restricted
Subsidiaries has any direct or indirect obligation

                         (a) to subscribe for additional Capital Stock or

                         (b) to maintain or preserve that Person’s financial condition or to cause that Person to
achieve any specified levels of operating results; and

                    (4) has not guaranteed or otherwise directly or indirectly provided credit support for any
Indebtedness of the Company that does not constitute Senior Indebtedness.

Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by
filing with the Trustee a certified copy of the Board Resolution giving effect to that designation
and an Officers’ Certificate certifying that that designation complied with the preceding
conditions and was permitted by Section 10.10. If, at any time, any Unrestricted Subsidiary would
fail to meet the preceding requirements as an Unrestricted Subsidiary, it shall, after that time,
cease to be an Unrestricted Subsidiary for purposes of this Indenture, and any Indebtedness of that
Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of the Company as of that date
(and, if that Indebtedness is not permitted to be incurred as of that date under Section 10.08, the
Company shall be in

31

 

default of that covenant). The Board of Directors of the Company may at any
time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that the
designation shall be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary
of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary, and that
designation shall only be permitted if:

               (A) the Indebtedness is permitted under Section 10.08 of this Indenture, calculated on a pro
forma basis as if that designation had occurred at the beginning of the Reference Period, and

               (B) no Default or Event of Default would occur or be in existence following that designation.

Wireless Alliance shall be deemed an Unrestricted Subsidiary as of the Issue Date and shall
thereafter remain an Unrestricted Subsidiary unless and until designated by the Board of Directors
as a Restricted Subsidiary in accordance with the terms of this Indenture.

          “Voting Power” of any Person means the aggregate number of votes of all classes of
Capital Stock of such Person which ordinarily have voting power for the election of directors of
such Person.

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

          “Wireless Alliance” means Wireless Alliance LLC, a Minnesota limited liability
company.

          “Wireless Communications Business” means any business substantially related to the
ownership, development, operation or acquisition of wireless communications services permitted
under the Federal Communications Commission’s (the “FCC”) Commercial Mobile Radio Services
rules (and the related provisions of the FCC’s Public Mobile Services and Personal Communications
Services rules), and other related telecommunications business services.

          Section 1.02 Compliance Certificates and Opinions.

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

32

 

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

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

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

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

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

          Section 1.03 Form of Documents Delivered to Trustee.

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

          Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such
officer knows that the certificate or opinion or representations with respect to the matters upon
which his certificate or opinion is based are erroneous. Any 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 1.04 Acts of Holders; Record Date.

               (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

33

 

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 received by the Trustee and, where it is hereby expressly required, by 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, if made in the manner provided in this Section 1.04.

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

               (c) The Company may, in the circumstances permitted by the Trust Indenture Act, fix any day as
the record date for the purpose of determining the Holders entitled to give or take any request,
demand, authorization, direction, notice, consent, waiver or other action, or to vote on any
action, authorized or permitted to be given or taken by Holders. If not set by the Company prior
to the first solicitation of a Holder made by any Person in respect of any such action, or, in the
case of any such vote, prior to such vote, the record date for any such action or vote shall be the
30th day (or, if later, the date of the most recent list of Holders required to be provided
pursuant to Section 7.01) prior to such first solicitation or vote, as the case may be. With
regard to any record date, only the Holders on such date (or their duly designated proxies) shall
be entitled to give or take, or vote on, the relevant action.

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

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

34

 

          Section 1.05 Notices, Etc., to Trustee and Company.

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

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

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

          Section 1.06 Notice to Holders; Waiver.

          Where this Indenture provides for communication with or notice to Holders, such notice shall
be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to each Holder, at his address as it appears in the Security Register,
not later than the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to Holders is given by mail,
neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular
Holder shall affect the sufficiency of such notice with respect to other Holders. 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 1.07 Conflict with Trust Indenture Act.

          If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture
Act that is required under such act to be part of and govern this Indenture, the provisions of the
Trust Indenture Act shall control. If any provision of this Indenture modifies or excludes any
provision of the Trust Indenture Act that may be so modified or excluded, the provision of this
Indenture shall be deemed to apply.

35

 

          Section 1.08 Effect of Headings and Table of Contents.

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

          Section 1.09 Successors and Assigns.

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

          Section 1.10 Separability Clause.

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

          Section 1.11 Benefits of Indenture and Securities.

          Nothing in this Indenture or in the Securities, express or implied, shall give to any Person,
other than the parties hereto and their successors hereunder, the holders of Senior Indebtedness
(subject to Article XII and XIII hereof) and the Holders of Securities, any benefit or any legal or
equitable right, remedy or claim under this Indenture.

          Section 1.12 Governing Law.

          THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS THEREUNDER THAT
WOULD INDICATE THE APPLICABILITY OF THE LAWS OF ANY OTHER JURISDICTION.

          Section 1.13 Legal Holidays.

          In any case where any Interest Payment Date, Redemption Date, Purchase Date or Stated Maturity
of any Security is not a Business Day, then (notwithstanding any other provision of this Indenture
or of the Securities) payment of interest, Liquidated Damages, if any, or principal (and premium,
if any) 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, Redemption Date or Purchase Date, or
at the Stated Maturity, provided, that no interest shall accrue for the period from and
after such Interest Payment Date, Redemption Date, Purchase Date or Stated Maturity, as the case
may be, if such payment is made on such next succeeding Business Day.

36

 

			
	          Section 1.14	 	No Personal Liability of Directors, Officers, Employees, and
Shareholders

          No director, officer, employee, incorporator, or shareholder of the Company or its
Subsidiaries, as such, shall have any liability for any obligations of the
Company under the Securities or this Indenture or for any claim based on, in respect of, or by
reason of, those obligations or their creation. Each Holder of 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.

          Section 1.15 Counterparts

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

ARTICLE II

SECURITY FORMS

          Section 2.01 Forms Generally.

          The Securities and the Trustee’s certificates of authentication shall be in substantially the
forms set forth in this Article II, with such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by this Indenture, and may have such letters, numbers
or other marks of identification and such legends or endorsements placed thereon as may be required
to comply with the rules of any securities exchange or 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 produced by any
combination of these methods on steel engraved borders or may be produced in any other manner
permitted by the rules of any securities exchange on which the Securities may be listed, all as
determined by the officers executing such Securities, as evidenced by their execution of such
Securities.

          The Rule 144A Securities shall initially be represented by one or more Securities in
registered, global form without coupons (collectively, the “Restricted Global Security”).
The Regulation S Securities shall be represented by one or more Securities in registered, global
form without interest coupons (collectively, the “Regulation S Global Security” and,
together with the Restricted Global Security, the “Global Securities”). The Global
Securities shall be deposited upon issuance with the Trustee as custodian for DTC and registered in
the name of DTC or its nominee, in each case for credit to an account of a direct or indirect
participant in DTC as described below.

37

 

          Section 2.02 Form of Face of Security

          Rule 144A Securities and the Regulation S Securities (including beneficial interests in the
Global Securities and, subject to Section 3.06(c), their Successor Securities) shall be subject to
certain restrictions on transfer and shall bear a legend in substantially the following form:

          “THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933 (THE
“SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE
EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.
THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH
SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1) (a) TO A PERSON WHO THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A
NON-U.S. PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 904 UNDER THE SECURITIES ACT, OR
(d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR ITS
SUBSIDIARIES, OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN
ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY
ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A)
ABOVE.”

          [If the Security is a Global Security, then insert — THIS SECURITY IS A GLOBAL SECURITY WITHIN
THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY
REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF
ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE.]

38

 

          [If the Security is a Global Security and The Depository Trust Company is to be the Depositary
therefor, then insert — UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &
CO., HAS AN INTEREST HEREIN.]

     SENIOR SUBORDINATED FLOATING RATE [SERIES B]1 NOTES DUE 2012

			
	No.                     
	 	$                     

[If Restricted Global Security — CUSIP Number 781904 AN 7]

[If Regulation S Global Security — CUSIP Number U74991 AF 4]

[If Exchange Security — CUSIP Number 781904 AP 2]

          Rural Cellular Corporation, a corporation duly organized and existing under the laws of
Minnesota (herein called the “Company,” which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to ___,
or its registered assigns, the principal sum of ___ Dollars [if the Security is a Global
Security, then insert — , or such other principal amount as may be set forth in the records of the
Trustee hereinafter referred to in accordance with the Indenture,] on November 1, 2012.

          The Company shall pay interest in cash on the principal amount hereof from November 7, 2005 or
from the most recent Interest Payment Date to which interest has been paid or duly provided for, at
a floating rate per annum, reset quarterly on each Interest Payment Date, equal to LIBOR (as
defined) plus 5.75% per annum, until the principal amount hereof is paid or made available for
payment. The Company shall pay interest (including post-petition interest in any proceeding under
any Bankruptcy Law) in cash (to the extent that the payment of such interest shall be legally
enforceable) at a at a floating rate per annum, reset quarterly on each Interest Payment Date,
equal to LIBOR (as defined) plus 5.75% on any overdue principal and premium, if any, and on any
overdue installment of interest and Liquidated Damages (without regard to any applicable grace
periods), if any, until paid. The Company shall pay Liquidated Damages, if any, in cash as
provided in the Registration Rights Agreement. The Company shall pay interest

 

			
	1	 	Include only for Exchange Securities.

39

 

and Liquidated
Damages, if any, quarterly on February 1, May 1, August 1 and November 1 in each year, commencing
February 1, 2006.

     The interest [if the Security is an Original Security, then insert —, or Liquidated Damages,
if any,] so payable, and punctually paid or duly provided for, on any Interest Payment Date shall,
as provided in such Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest, which shall be the January 15,
April 15, July 15 or October 15 (whether or not a Business Day), as the case may be,
immediately preceding such Interest Payment Date [if the Security is an Original Security, then
insert —, provided that any accrued and unpaid interest (and Liquidated Damages, if any) on this
Security upon the issuance of an Exchange Security in exchange for this Security shall cease to be
payable to the Holder hereof and shall be payable on the next Interest Payment Date for such
Exchange Security to the Holder thereof on the related Regular Record Date]. Any such interest or
Liquidated Damages not so punctually paid or duly provided for shall forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice
of which shall be given to Holders of Securities not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in the Indenture.

          Payment of the principal of (and premium, if any) and interest (and Liquidated Damages, if
any), on this Security shall be made at the Corporate Trust Office or at the office or agency of
the Company maintained for that purpose in the Borough of Manhattan, New York City, in such coin or
currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Company payment of
interest or Liquidated Damages, if any, may be made by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security Register. Notwithstanding the
foregoing, if a Holder has given wire transfer instructions to the Company, the Company shall pay
all principal, interest, premium, if any, or Liquidated Damages, if any, on that Holder’s
Securities in accordance with those instructions.

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

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

40

 

               IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

     Dated:

	 	 	 	 	 	 	 
	 	 	RURAL CELLULAR CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

          Section 2.03 Form of Reverse of Security.

          This Security is one of a duly authorized issue of securities of the Company designated as its
Senior Subordinated Floating Rate [Series B]2 Notes due 2012 (herein called the
“Securities”) issued and to be issued under an Indenture, dated as of November 7, 2005
(herein called the “Indenture”), between the Company and Wells Fargo Bank, National
Association, as Trustee (herein called the “Trustee,” which term includes any successor
trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference
is hereby made for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee, the holders of Senior Indebtedness and the
Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered.

          Initially, Wells Fargo Bank, National Association will act as Paying Agent, Calculation Agent
and Registrar. The Company may change any Paying Agent, Calculation Agent or Registrar without
notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity.

          On or after November 1, 2007, the Securities may be redeemed at any time at the option of the
Company, in whole or from time to time in part, at the following Redemption Prices (expressed as
percentages of the principal amount thereof), if redeemed during the 12-month period beginning
November 1 of the years indicated,

	 	 	 	 	 
	Year	 	Redemption Price
	2007
	 	 	102.000	%
	2008
	 	 	101.000	%
	2009 and thereafter
	 	 	100.000	%

 

			
	2	 	Include only for Exchange Securities. 

41

 

together in the case of any such redemption with accrued and unpaid interest and Liquidated
Damages, if any, to but excluding the Redemption Date, but any interest installment whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities,
or one or more Predecessor Securities, of record at the close of business on the relevant Record
Dates referred to on the face hereof, all as provided in the Indenture.

          Notwithstanding the foregoing, at any time prior to November 1, 2007, the Company may, in one
or more transactions, redeem up to a total of 35% of the aggregate principal amount of Securities
actually issued under the Indenture (including Additional
Securities, if any) from the net cash proceeds of an Equity Offering at a Redemption Price of
100% of the principal amount thereof plus a premium equal to the interest payable on such
Securities for one year (based on the interest rate in effect at the time the Company gives notice
of redemption pursuant to Section 11.05 of the Indenture), together with accrued and unpaid
interest and Liquidated Damages, if any, on the Securities redeemed to but excluding the Redemption
Date; provided, that at least 65% in aggregate principal amount of Securities issued under
the Indenture (including Additional Securities, if any) remains outstanding immediately following
such redemption. Any such redemption must be made within 45 days after the related Equity
Offering. Securities held by the Company or any of its Subsidiaries will not be deemed to be
“outstanding.”

          Notice of any optional redemption of the Securities (or portion thereof) will be given by
first-class mail to the Holders at their addresses appearing in the Security Register not less than
30 nor more than 60 days prior to the Redemption Date. The notice of redemption shall state the
Redemption Date, the Redemption Price, if less than all the Outstanding Securities are to be
redeemed, principal amounts of the particular Securities to be redeemed, that on the Redemption
Date the Redemption Price will become due and payable upon each Security to be redeemed and the
place or places where such Securities are to be surrendered for payment of the Redemption Price.

          If less than all the Securities are to be redeemed at any time, the Trustee, subject to the
rules of the Depositary, will select Securities for redemption as follows:

          (1) if the Securities are listed on any securities exchange, in compliance with the
requirements of the principal securities exchange on which the Securities are listed; or

          (2) if the Securities are not listed on any securities exchange, on a pro rata basis, by lot
or by such method as the Trustee deems fair and appropriate.

          The Securities do not have the benefit of any sinking fund obligations.

          In the event of redemption or purchase pursuant to an Offer to Purchase of this Security in
part only, a new Security or Securities for the unredeemed or unpurchased portion hereof will be
issued in the name of the Holder hereof upon the cancellation hereof.

42

 

          The Indebtedness evidenced by this Security is, to the extent provided in the Indenture,
subordinate and subject in right of payment to the prior payment in full of all Senior
Indebtedness, and this Security is issued subject to the provisions of the Indenture with respect
thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by
such provisions, (b) authorizes and directs the Trustee on his behalf to take such action as may be
necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee
his attorney-in-fact for any and all such purposes.

          If an Event of Default shall occur and be continuing, the principal of all the Securities may
be declared, or may automatically become, due and payable in the manner and with the effect
provided in the Indenture.

          The Indenture provides that, subject to certain conditions, if (i) certain Net Cash Proceeds
are available to the Company as a result of Asset Sales or (ii) a Change of Control occurs, the
Company shall be required to make an Offer to Purchase for the Securities.

          The Indenture contains provisions for defeasance at any time of (i) the entire indebtedness of
this Security or (ii) certain restrictive covenants and Events of Default with respect to this
Security, in each case upon compliance with certain conditions set forth therein.

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

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

          As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the Corporate Trust Office or at the office or agency of the
Company in the Borough of Manhattan, New York City, duly endorsed by,

43

 

 or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed
by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new
Securities, of authorized denominations and for the same aggregate principal amount, will be issued
to the designated transferee or transferees.

          The Securities are issuable only in registered form without coupons in denominations of $1,000
and any integral multiple thereof. As provided in the Indenture and subject to certain limitations
therein set forth, the Securities are exchangeable for a
like aggregate principal amount of Securities of a different authorized denomination, as
requested by the Holder surrendering the same.

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

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

          Interest on the Securities shall be computed by the Company as follows:

                    (i) The amount of interest for each day that the Securities are outstanding (the “Daily
Interest Amount”) will be calculated by dividing the interest rate in effect for such day by
360 and multiplying the result by the principal amount of the Securities. The amount of interest
to be paid on the Securities for each Interest Period will be calculated by adding the Daily
Interest Amounts for each day in the Interest Period.

                    (ii) All percentages resulting from any of the above calculations will be rounded, if
necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of
a percentage point being rounded upwards (e.g., 9.876545% (or 0.09876545) being rounded to 9.87655%
(or 0.0987655)) and all dollar amounts used in or resulting from such calculations will be rounded
to the nearest cent (with one-half cent being rounded upwards).

                    (iii) The interest rate on the Securities will in no event be higher than the maximum rate
permitted by New York law as the same may be modified by United States law of general application.

The Calculation Agent will, upon the request of the Holder of any Security, provide the
interest rate then in effect with respect to the Securities. All calculations made by the
Calculation Agent in the absence of manifest error will be conclusive for all purposes and binding
on the Company, its Restricted Subsidiaries and the Holders of the Securities.

44

 

          [if the Security is an Original Security, then insert—Liquidated Damages on Original
Securities shall be computed on the basis of a seven-day week, and the number of days actually
elapsed.]

          All terms used in this Security which are not defined herein but which are defined in the
Indenture shall have the meanings assigned to them in the Indenture. In the event that any
provision in this Security conflicts with any provision in the Indenture, the provision contained
in the Indenture shall control.

          The Indenture and this Security shall be governed by and construed in accordance with the laws
of the State of New York, without regard to principles of conflicts of laws thereunder that would
indicate the applicability of the laws of any other jurisdiction.

45

 

OPTION OF HOLDER TO ELECT PURCHASE

Choose one:

          If you want to elect to have this Security purchased in its entirety by the Company pursuant
to Section 10.14 or 10.16 of the Indenture, check the box:  ̈

          If you want to elect to have only a part of this Security purchased by the Company pursuant to
Section 10.14 or 10.16 of the Indenture, state the amount: $___

	 	 	 	 	 	 	 
	Dated:

	 	Your Signature:	 	 	 	 
	 

	 	 	 	 

(Sign exactly as name appears on
	 	 
	 

	 	 	 	the other side of this Security)	 	 

	 	 	 	 	 
	 Signature Guarantee:
	 	 	 	 
	 

	 	 

(Signature must be guaranteed
	 	 
	 

	 	by a member firm of the New York	 	 
	 

	 	Stock Exchange or a commercial	 	 
	 

	 	bank or trust company)	 	 

			
	          Section 2.04	 	Form of Trustee’s Certificate of Authentication.

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

	 	 	 	 	 	 	 
	 	 	WELLS FARGO BANK,
NATIONAL ASSOCIATION,	 	 
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Officer
	 	 

46

 

ARTICLE III

THE SECURITIES

          Section 3.01 Title and Terms.

          Subject to Section 3.03, the Trustee shall authenticate Original Securities for original issue
on the date of this Indenture in the aggregate principal amount of $175,000,000. With respect to
any securities issued after the date of this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, Original Securities
pursuant to this Indenture), there shall be established in or pursuant to a resolution of the Board
of Directors of the Company, and subject to Section 3.03, set forth, or determined in the manner
provided in an Officers’ Certificate, or established in one or more indentures supplemental hereto,
prior to the issuance of such Securities (“Additional Securities”):

          (1) the aggregate principal amount of such Additional Securities that may be authenticated
and delivered under this Indenture;

          (2) the issue price and issuance date of such Additional Securities that may be authenticated
and delivered under this Indenture; and

          (3) that such Additional Securities shall be issuable in the same form as the then
Outstanding Securities and having the same terms (other than with respect to transfer restrictions
and registration rights) as the then Outstanding Securities and the same depositaries.

          The Original Securities shall be known and designated as the “Senior Subordinated Floating
Rate Notes due 2012” and the Exchange Securities shall be known and designated as the “Senior
Subordinated Floating Rate Series B Notes due 2012,” in each case, of the Company. Their Stated
Maturity shall be November 1, 2012 and they shall bear interest at a floating rate per annum, reset
quarterly on each Interest Payment Date, equal to LIBOR (as defined) plus 5.75% per annum, from
November 7, 2005 or from the most recent Interest Payment Date to which interest has been paid in
cash or duly provided for, as the case may be, payable quarterly on each Interest Payment Date
commencing on February 1, 2006, to the Holders of record on the immediately preceding Regular
Record Date until the principal thereof is paid or made available for payment; provided,
however, that the Original Securities shall be subject to the payment of Liquidated
Damages, if any, as set forth in the Registration Rights Agreement. The Liquidated Damages, if
any, so payable, and punctually paid or duly provided for in respect of any Security, on any
Interest Payment Date shall, as provided in this Indenture and the Registration Rights Agreement,
be paid to the Person in whose name such Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest, immediately
preceding such Interest Payment Date. Accrued Liquidated Damages, if any, shall be paid in cash in
arrears quarterly on each Interest Payment Date, in each year and the amount of accrued Liquidated
Damages

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shall be determined on the basis of a seven-day week, and the number of days actually elapsed
and computed as provided in Section 3.11.

          The principal of (and premium, if any) and interest (and Liquidated Damages, if any), on the
Securities shall be payable at the Corporate Trust Office or at the office or agency of the Company
in the City and State of New York maintained for such purpose; provided, however,
that at the option of the Company payment of interest and Liquidated Damages, if any, may be made
by check mailed to the address of the Person entitled thereto as such address shall appear in the
Security Register. Notwithstanding the foregoing, if a Holder has given wire transfer instructions
to the Company, the Company shall pay all principal, interest, premium, if any, and Liquidated
Damages, if any, on that Holder’s Securities in accordance with those instructions.

          The Securities shall be subject to repurchase by the Company pursuant to an offer to purchase
the securities as provided in Sections 10.14 and 10.16.

          The Securities shall be redeemable as provided in Article XI.

          The Securities shall be subordinated in right of payment to Senior Indebtedness as provided in
Article XII.

          The Securities shall be subject to defeasance at the option of the Company as provided in
Article XIII.

          Section 3.02 Denominations.

          The Securities issued pursuant to this Indenture shall be treated as a single class for all
purposes of the Indenture. The Securities shall be issuable only in registered form without
coupons and only in denominations of $1,000 and any integral multiples thereof.

          Section 3.03 Execution, Authentication, Delivery and Dating.

          The Securities shall be executed on behalf of the Company by its Chief Executive Officer, its
President or one of its Vice Presidents. The signature of any of these officers on the Securities
may be manual or facsimile.

          Securities bearing the manual or facsimile signatures of individuals who were at any time the
proper Officers of the Company shall bind the Company, notwithstanding that such individuals or any
of them have ceased to hold such offices prior to the authentication and delivery of such
Securities or did not hold such offices at the date of such Securities.

          At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities executed by the Company to the Trustee for authentication, together
with a Company Order for the authentication and delivery of

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such Securities; and the Trustee in
accordance with such Company Order shall authenticate and deliver such Securities as provided in
this Indenture and not otherwise.

          At any time and from time to time after the execution and delivery of this Indenture and after
the effectiveness of a registration statement under the Securities Act with respect thereto, the
Company may deliver Exchange Securities executed by the Company to the Trustee for authentication,
together with a Company Order for the authentication and delivery of such Exchange Securities and a
like principal amount of Original Securities for cancellation in accordance with Section 3.10 of
this Indenture, and the Trustee in accordance with the Company Order shall authenticate and deliver
such Securities. Prior to authenticating such Exchange Securities, and accepting any additional
responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled
to receive, if requested, and (subject to Section 6.01) shall be fully protected in relying upon,
an Opinion of Counsel stating in substance:

               (a) that all conditions hereunder precedent to the authentication and delivery of such
Exchange Securities have been complied with and that such Exchange Securities, when such Securities
have been duly authenticated and delivered by the Trustee (and subject to any other conditions
specified in such Opinion of Counsel), have been duly issued and delivered and will constitute
valid and legally binding obligations of the Company enforceable in accordance with their terms,
subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws
of general applicability relating to or affecting creditors’ rights and to general equity
principles; and

               (b) that the issuance of the Exchange Securities in exchange for Original Securities has been
effected in compliance with the Securities Act.

          Each Security shall be dated the date of its authentication.

          No Security shall be entitled to any benefit under this Indenture or be valid or obligatory
for any purpose unless there appears on such Security a certificate of authentication substantially
in the form provided for herein executed by the Trustee by manual signature, and such certificate
upon any Security shall be conclusive evidence, and the only evidence, that such Security has been
duly authenticated and delivered hereunder.

          Section 3.04 Temporary Securities.

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

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          If temporary Securities are issued, the Company will cause definitive Securities to be
prepared without unreasonable delay. After the preparation of definitive Securities, the temporary
Securities shall be exchangeable for definitive Securities upon surrender of the temporary
Securities at any office or agency of the Company designated pursuant to Section 10.02, without
charge to the Holder. Upon surrender for cancellation
of any one or more temporary Securities, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a like principal amount of definitive Securities of
authorized denominations. Until so exchanged, the temporary Securities shall in all respects be
entitled to the same benefits under this Indenture as definitive Securities.

          Section 3.05 Global Securities.

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

               (b) Notwithstanding any other provision in this Indenture, no Global Security may be exchanged
in whole or in part for Securities registered, and no transfer of a Global Security in whole or in
part may be registered, in the name of any Person other than the Depositary for such Global
Security or a nominee thereof unless (i) such Depositary (A) has notified the Company that it is
unwilling or unable to continue as Depositary for such Global Security or (B) has ceased to be a
clearing agency registered as such under the Exchange Act and, in either case, a successor
Depository is not appointed by the Company within 90 days, (ii) there shall have occurred and be
continuing a Default or Event of Default with respect to such Global Security or (iii) the Company
executes and delivers to the Trustee a Company Order stating that it elects to cause the issuance
of the Securities in certificated form and that all Global Securities shall be exchanged in whole
for Securities that are not Global Securities (in which case such exchange shall be effected by the
Trustee, pursuant to instructions received from the Depositary).

               (c) If any Global Security is to be exchanged for other Securities or canceled in whole, it
shall be surrendered by or on behalf of the Depositary or its nominee to the Trustee, as Security
Registrar, for exchange or cancellation as provided in this Article III. If any Global Security is
to be exchanged for other Securities or canceled in part, or if another Security is to be exchanged
in whole or in part for a beneficial interest in any Global Security, then either (i) such Global
Security shall be so surrendered for exchange or cancellation as provided in this Article III or
(ii) the principal amount thereof shall be reduced or increased by an amount equal to the portion
thereof to be so exchanged or canceled, or equal to the principal amount of such other Security to
be exchanged for a beneficial interest therein, as the case may be, by means of an appropriate
adjustment made on the records of the Trustee, as Security Registrar, whereupon the Trustee, in
accordance with the Applicable Procedures, shall instruct the Depositary or its authorized
representative to make a corresponding adjustment to its records. Upon any such surrender or
adjustment of a Global Security, the Trustee shall, subject to Section 3.05(b) and as otherwise
provided in this Article III, authenticate and deliver any Securities issuable in exchange for such
Global Security (or any portion thereof) to or upon the order of, and registered in such names as
may be directed by, the Depositary or its

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authorized representative to make a corresponding adjustment to its records. Upon any such surrender or
adjustment of a Global Security, the Trustee shall, subject to Section 3.05(b) and as otherwise
provided in this Article III, authenticate and deliver any Securities issuable in exchange for such
Global Security (or any portion thereof) to or upon the order of, and registered in such names as
may be directed by, the Depositary or
its authorized representative. Upon the request of the Trustee in connection with the
occurrence of any of the events specified in the preceding paragraph, the Company shall promptly
make available to the Trustee a reasonable supply of Securities that are not in the form of Global
Securities. The Trustee shall be entitled to rely upon any order, direction or request of the
Depositary or its authorized representative which is given or made pursuant to this Article III if
such order, direction or request is given or made in accordance with the Applicable Procedures.

               (d) Every Security authenticated and delivered upon registration of transfer of, or in
exchange for or in lieu of, a Global Security or any portion thereof, whether pursuant to this
Article III, Section 9.06, 10.14, 10.16 or 11.08 or otherwise, shall be authenticated and delivered
in the form of, and shall be, a Global Security, unless such Security is registered in the name of
a Person other than the Depositary for such Global Security or a nominee thereof.

               (e) The Depositary or its nominee, as registered owner of a Global Security, shall be the
Holder of such Global Security for all purposes under this Indenture and the Securities, and owners
of beneficial interests in a Global Security shall hold such interests pursuant to the Applicable
Procedures. Accordingly, any such owner’s beneficial interest in a Global Security shall be shown
only on, and the transfer of such interest shall be effected only through, records maintained by
the Depositary or its nominee or its Agent Members.

			
	          Section 3.06	 	Registration; Registration of Transfer and
Exchange Generally; Certain Transfers and
Exchanges; Securities Act Legends. 

               (a) Registration; Registration of Transfer and Exchange Generally. The Company shall cause to
be kept at the Corporate Trust Office a register (the register maintained in such office and in any
other office or agency designated pursuant to Section 10.02 being herein sometimes collectively
referred to as the “Security Register”) in which, subject to such reasonable regulations as
it may prescribe, the Company shall provide for the registration of Securities and of transfers and
exchanges of Securities. The Trustee is hereby appointed “Security Registrar” for the
purpose of registering Securities and transfers and exchanges of Securities as herein provided.
Such Security Register shall distinguish between Original Securities and Exchange Securities.

          Upon surrender for registration of transfer of any Security at an office or agency of the
Company designated pursuant to Section 10.02 for such purpose, the Company shall execute, and the
Trustee shall authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Securities of any authorized

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denominations, of a like aggregate principal amount
and bearing such restrictive legends as may be required by this Indenture.

          At the option of the Holder, Securities may be exchanged for new Securities of any authorized
denominations, of a like aggregate principal amount and
bearing such restrictive legends as may be required by this Indenture, upon surrender of the
Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered
for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
Securities that the Holder making the exchange is entitled to receive.

          All Securities issued upon any registration of transfer or exchange of Securities shall be the
valid obligations of the Company, evidencing the same debt, and (except for the differences between
Original Securities and Exchange Securities provided for herein) entitled to the same benefits
under this Indenture, as the Securities surrendered upon such registration of transfer or exchange.

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

          No service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental
charges or fees required by law that may be imposed in connection with any registration of transfer
or exchange of Securities, other than exchanges pursuant to Section 3.04, 3.05, 3.06, 9.06, 10.14,
10.16 or 11.08 not involving any transfer.

          The Company shall not be required (i) to issue, register the transfer of or exchange (x) any
Security during a period beginning at the opening of business 15 days before the day of the mailing
of a notice of redemption of Securities selected for redemption under Section 11.04 and ending at
the close of business on the day of such mailing or (y) any Security tendered by the Holder thereof
(and not withdrawn) in connection with any Offer to Purchase as provided in Sections 10.14 and
10.16, or (ii) to register the transfer of or exchange any Security so selected for redemption, in
whole or in part, except the unredeemed portion of any Security being redeemed in part.

          The provisions of the “Operating Procedures of the Euroclear System,” the “Terms and
Conditions Governing Use of Euroclear,” the “General Terms and Conditions of Clearstream Banking”
and the “Customer Handbook” of Clearstream shall be applicable to transfers of beneficial interests
in the Regulation S Global Securities that are held through Euroclear or Clearstream.

               (b) Certain Transfers and Exchanges. Notwithstanding any other provision of this
Indenture or the Securities, transfers and exchanges of Securities

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and beneficial interests in a
Global Security of the kinds specified in this Section 3.06(b) shall be made only in accordance
with this Section 3.06(b).

                    (i) Exchanges Between the Restricted Global Security and the Regulation S Global Security.

                    (A) Beneficial interests in the Restricted Global Security may be exchanged for
beneficial interests in the Regulation S Global Security and vice versa only in connection
with a transfer of such interest. Such transfers are subject to compliance with the
certification requirements described below.

                    (B) A beneficial interest in the Restricted Global Security may be transferred to a
Person who takes delivery in the form of an interest in the Regulation S Global Security,
whether before or after the expiration of the Distribution Compliance Period, only upon
receipt by the Trustee of a written certification on behalf of the transferor to the effect
that such transfer is being made in accordance with Rule 904 of Regulation S or (if
available) Rule 144 under the Securities Act.

                    (C) Prior to the expiration of the Distribution Compliance Period, a beneficial
interest in the Regulation S Global Security may be transferred to a person who takes
delivery in the form of an interest in the Restricted Global Security only if such transfer
is made pursuant to Rule 144A and the transferor first delivers to the Trustee a written
certification on behalf of the transferor to the effect that such transfer is being made to
a person who the transferor reasonably believes is a qualified institutional buyer
acquiring for its own account or the account of a qualified institutional buyer in a
transaction complying with Rule 144A and any applicable securities laws of the states of
the United States and other jurisdictions. After the expiration of the Distribution
Compliance Period, this certification requirement shall no longer apply to such transfers.

                    (D) Any beneficial interest in one of the Global Securities that is exchanged for an
interest in the other Global Security shall cease to be an interest in such Global Security
and shall become an interest in the other Global Security. Accordingly, such interest
shall thereafter be subject to all transfer restrictions and other procedures applicable to
beneficial interests in such other Global Security for as long as it remains such an
interest.

                    (E) Any exchange of a beneficial interest in the Regulation S Global Security for a
beneficial interest in the Restricted Global Security or vice versa will be effected in DTC
by means of an instruction originated by the Trustee through the DTC Deposit/Withdrawal at
Custodian (“DWAC”) system.

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                    (ii) Exchanges of Global Securities for Certificated Securities. A beneficial interest
in a Global Security may not be exchanged for a Security in certificated form except as provided in
Section 3.05(b). Any certificated Security issued in exchange for an interest in a Global Security
shall bear the legend restricting transfers that is borne by such Global Security. Any such
exchange shall be effected only through the DWAC System, and an appropriate adjustment shall be
made in the records of
the Security Register to reflect a decrease in the principal amount of the relevant Global
Security.

               (c) Securities Act Legends. Rule 144A Securities and their respective Successor
Securities shall bear a Securities Act Legend, and Regulation S Securities and their Successor
Securities shall bear a Securities Act Legend, subject to the following:

                    (i) subject to the following clauses of this Section 3.06(c), a Security or any portion
thereof which is exchanged, upon transfer or otherwise, for a Global Security or any portion
thereof shall bear the Securities Act Legend borne by such Global Security while represented
thereby;

                    (ii) subject to the following clauses of this Section 3.06(c), a new Security which is not a
Global Security and is issued in exchange for another Security (including a Global Security) or any
portion thereof, upon transfer or otherwise, shall bear the Securities Act Legend borne by such
other Security;

                    (iii) Registered Securities shall not bear a Securities Act Legend;

                    (iv) in connection with a transfer or exchange of Securities or beneficial interests therein,
(1) a new Security not bearing a Securities Act Legend may be issued in exchange for or in lieu of
a Security (other than a Global Security) or any portion thereof bearing such a legend and (2)
beneficial interests in a Security bearing a Securities Act Legend may be exchanged for beneficial
interests in a Security not bearing such a legend, in each case, only if:

                    (A) such transfer or exchange is effected pursuant to an Exchange Offer in accordance
with a Registration Rights Agreement, and the recipient of such Securities or beneficial
interests certifies that it is not (1) a broker-dealer, (2) a Person participating in a
distribution of the Exchange Securities or (3) a Person who is an affiliate (as defined in
Rule 144) of the Company;

                    (B) such transfer or exchange is effected pursuant to a Shelf Registration Statement
in accordance with a Registration Rights Agreement;

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                    (C) such transfer or exchange is effected by a broker-dealer registered under the
Exchange Act pursuant to an Exchange Registration Statement;

                    (D) in the case of a transfer of a Security or beneficial interest therein, (1) the
transferor certifies in writing to the Security Registrar that (I) the restrictions on
transfer contained in the Securities Act Legend are not required to maintain compliance
with the Securities Act, (II) such transfer
is being effected pursuant to (x) Rule 144, (y) Rule 903 or 904 of Regulation S or (z)
another exemption from registration under the Securities Act and (III) such transfer is in
compliance with all applicable state securities laws, and (2) if the Security Registrar so
requests (or if required by any Applicable Procedures), the Security Registrar has received
an Opinion of Counsel in form reasonably acceptable to the Security Registrar that such
transfer is in compliance with the Securities Act, and the restrictions on transfer
contained in the Securities Act Legend are not required to maintain compliance with the
Securities Act; or

                    (E) in the case of an exchange by an owner of a Security with a Securities Act Legend
(or beneficial interest therein) for a Security without a Securities Act Legend (or
beneficial interest therein), (1) such owner certifies in writing to the Security Registrar
that (I) the restrictions on transfer contained in the Securities Act Legend are not
required to maintain compliance with the Securities Act, (II) the Security (or beneficial
interest therein) being received in the exchange by such owner is being acquired for such
owner’s own account without transfer, (III) such exchange is being effected in compliance
with the Securities Act and with all transfer restrictions applicable to the Security (or
beneficial interest therein) contained in this Indenture, and (IV) such transfer is in
compliance with all applicable state securities laws, and (2) if the Security Registrar so
requests (or if required by any Applicable Procedures), the Security Registrar has received
an Opinion of Counsel in form reasonably acceptable to the Security Registrar that such
transfer is in compliance with the Securities Act, and the restrictions on transfer
contained in the Securities Act Legend are not required to maintain compliance with the
Securities Act; and

                    (v) notwithstanding the foregoing provisions of this Section 3.06(c), a Successor Security of
a Security that does not bear a particular form of Securities Act Legend shall bear a Securities
Act Legend if the Company has reasonable cause to believe that such Successor Security is a
“restricted security” within the meaning of Rule 144, in which case the Trustee, at the direction
of the Company, shall authenticate and deliver a new Security bearing a Securities Act Legend in
exchange for such Successor Security as provided in this Article III.

			
	          Section 3.07	 	Mutilated, Destroyed, Lost and Stolen Securities.

          If any mutilated Security is surrendered to the Trustee, the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a new Security

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of like tenor and
principal amount and bearing a number not contemporaneously outstanding.

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

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

          Upon the issuance of any new Security under this Section 3.07, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charges or fees required by law
that may be imposed in relation thereto and any other expenses (including the fees and expenses of
the Trustee) connected therewith.

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

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

			
	          Section 3.08	 	Payment of Interest; Interest Rights Preserved.

          Interest or Liquidated Damages, if any, on any Security that are payable, and are punctually
paid or duly provided for, on an Interest Payment Date, shall be paid to the Person in whose name
such Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest or Liquidated Damages, if any.

          Any interest or Liquidated Damages on any Security that are payable, but are not punctually
paid or duly provided for, on an Interest Payment Date (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of
having been held by such Holder, and such Defaulted Interest may be paid by the Company, at its
election in each case, as provided in clause (a) or (b) below:

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               (a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose
names the Securities (or their respective Predecessor Securities) are registered at the close of
business on a date (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 provided in this clause. 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. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor having been so
mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities (or
their respective Predecessor Securities) are registered at the close of business on such Special
Record Date and shall no longer be payable pursuant to the following clause (b).

               (b) 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 3.08, each Security delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any other Security
shall carry the rights to interest or Liquidated Damages, if any, accrued and unpaid, and to accrue
interest and Liquidated Damages, if any, 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
and any agent of the Company or the Trustee may treat the Person in whose name such Security is
registered as the owner of such security for the purpose of receiving payment of principal of (and
premium, if any) and (subject to Section 3.08) interest (and Liquidated Damages, if any), on such
Security and for all other purposes whatsoever, whether or not such Security be overdue, and
neither the Company, the

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Trustee nor any agent of the Company or the Trustee shall be affected by
notice to the contrary.

          None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any
responsibility or liability for (i) any aspect of the records relating to or payments made on
account of beneficial ownership interests of a Global Security, (ii) for maintaining, supervising
or reviewing any records relating to such beneficial ownership interests or (iii) for any other
matters relating to the actions or practices of the Depository.

			
	          Section 3.10	 	Cancellation.

          All Securities surrendered for payment, redemption, registration of transfer or exchange or
for credit against any Offer to Purchase, pursuant to Section 10.14 or 10.16, shall, if surrendered
to any Person other than the Trustee, be delivered to the Trustee and shall be promptly canceled 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 canceled by the Trustee. No Securities shall be
authenticated in lieu of or in exchange for any Securities canceled as provided in this Section
3.10, except as expressly permitted by this Indenture. All canceled Securities held by the Trustee
shall (subject to the record-retention requirements of the Exchange Act) be disposed of as directed
by a Company Order.

			
	          Section 3.11	 	Computation of Interest.

               (a) Interest on the Securities shall be computed by the Company as follows:

                    (i) The amount of interest for each day that the Securities are outstanding (the ‘‘Daily
Interest Amount’’) will be calculated by dividing the interest rate in effect for such day by 360
and multiplying the result by the principal amount of the Securities. The amount of interest to be
paid on the Securities for each Interest Period will be calculated by adding the Daily Interest
Amounts for each day in the Interest Period;

                    (ii) All percentages resulting from any of the above calculations will be rounded, if
necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of
a percentage point being rounded upwards (e.g., 9.876545% (or 0.09876545) being rounded to 9.87655%
(or 0.0987655)) and all dollar amounts used in or resulting from such calculations will be rounded
to the nearest cent (with one-half cent being rounded upwards); and

                    (iii) The interest rate on the Securities will in no event be higher than the maximum rate
permitted by New York law as the same may be modified by United States law of general application.

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                    The Calculation Agent will, upon the request of the Holder of any Security, provide the
interest rate then in effect with respect to the Securities. All calculations made by the Company
in the absence of manifest error will be conclusive for all purposes and binding on the Company,
its Restricted Subsidiaries and the Holders of the Securities.

               (b) Liquidated Damages on Original Securities shall be computed on the basis of a seven-day
week, and the number of days actually elapsed.

ARTICLE IV

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 (including, but not limited to, Article XII hereof),
when

               (a) either

                    (i) all Securities theretofore authenticated and delivered (other than (A) Securities which
have been destroyed, lost or stolen and which have been replaced or paid as provided in Section
3.07 and (B) 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

                    (ii) all such Securities not theretofore delivered to the Trustee for cancellation have become
due and payable,

and the Company, in the case of (i) or (ii) 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 (and Liquidated Damages, if any), to the date of
such deposit (in the case of Securities which have become due and payable) or to the Stated
Maturity or Redemption Date, as the case may be;

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

               (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided that relate to the satisfaction
and discharge of this Indenture have been satisfied.

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          Notwithstanding the satisfaction and discharge of this Indenture pursuant to this Article IV,
the obligations of the Company to the Trustee under Section 6.07, the obligations of the Trustee to
any Authenticating Agent under Section 6.14 and, if money has been deposited with the Trustee
pursuant to subclause (ii) of clause (a) of this Section, the obligations of the Trustee under
Section 4.02 and the last paragraph of Section 10.03 shall survive.

			
	           Section 4.02	 	Application of Trust Money.

          Subject to the provisions of the last paragraph of Section 10.03, 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 (and
Liquidated Damages, if any), for whose payment such money has been deposited with the Trustee.

ARTICLE V

REMEDIES

			
	           Section 5.01	 	Events of Default.

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

               (a) failure to pay the principal of (or premium, if any, on) any Security at its Maturity;

               (b) failure to pay any interest or Liquidated Damages, if any, upon any Security for a period
of 30 consecutive days or more after any such amounts become due and payable;

               (c) failure to offer to purchase or to purchase Securities, in the time periods required by
this Indenture, required to be purchased by the Company pursuant to Section 10.14 or 10.16;

               (d) failure to perform or comply with, or breach of, Article VIII;

               (e) failure to perform, or breach of, any covenant or agreement of the Company in this
Indenture (other than a covenant or agreement a default in whose performance or whose breach is
elsewhere in this Section 5.01 specifically addressed), and continuance of such failure or breach
for a period of 30 days after there has been

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given, by registered or certified mail, to the Company
by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate
principal amount of the Outstanding Securities a written notice specifying such failure or breach
and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder;

               (f) a default under any mortgage, indenture or instrument under which there may be issued or
by which there may be secured or evidenced any
Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the
payment of which is guaranteed by the Company or any of its Restricted Subsidiaries) whether such
Indebtedness or guarantee now exists, or is created after the Issue Date, if that default: (A) is
caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior
to the expiration of the grace period provided in such Indebtedness on the date of such default (a
“Payment Default”); or (B) results in the acceleration of such Indebtedness prior to its
express maturity, and, in each case, the principal amount of any such Indebtedness, together with
the principal amount of any other such Indebtedness under which there has been a Payment Default or
the maturity of which has been so accelerated, aggregates $20.0 million or more;

               (g) a final judgment or final judgments for the payment of money are entered against the
Company or any Restricted Subsidiary of the Company in an aggregate amount in excess of $20.0
million, excluding amounts covered by insurance, which judgments remain undischarged, unstayed or
unbonded for a period (during which execution shall not be effectively stayed) of 60 days after the
right to appeal has expired;

               (h) the entry by a court having jurisdiction in the premises of (A) 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 Federal or state bankruptcy, insolvency, reorganization or
other similar law (a “Bankruptcy Law”) or (B) a decree or order adjudging the Company or
any such Significant Subsidiary bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the Company or
any such Significant Subsidiary under any applicable Federal or state law, or appointing a
custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the
Company or any such Significant Subsidiary or of any substantial part of the property of the
Company or any such Significant Subsidiary, or ordering the winding up or liquidation of the
affairs of the Company or any such Significant Subsidiary, and the continuance of any such decree
or order for relief or any such other decree or order unstayed and in effect for a period of 60
consecutive days; or

               (i) the commencement by the Company or any Significant Subsidiary of a voluntary case or
proceeding under any applicable Bankruptcy Law or of any other case or proceeding to be adjudicated
bankrupt or insolvent, or the consent by the Company or any such Significant Subsidiary to the
entry of a decree or order for relief in respect of the Company or any Significant Subsidiary in an
involuntary case or proceeding under any applicable Bankruptcy Law, or to the commencement of any
bankruptcy or insolvency case or proceeding against the Company or any Significant

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Subsidiary, or
the filing by the Company or any such Significant Subsidiary of a petition or answer or consent
seeking reorganization or relief under any applicable Federal or State law, or the consent by the
Company or any such Significant Subsidiary to the filing of such petition or to the appointment of
or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or
similar official of the Company or any Significant Subsidiary or of any substantial part of the
property of the Company or any Significant Subsidiary, 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 such
Significant Subsidiary in writing of its inability to pay its debts generally as they become due,
or the taking of corporate action by the Company or any such Significant Subsidiary in furtherance
of any such action.

			
	           Section 5.02	 	Acceleration of Maturity; Rescission and Annulment.

          If an Event of Default (other than an Event of Default specified in Section 5.01(h) or (i))
occurs and is continuing, then and in every such case the Trustee or the Holders of not less than
25% in aggregate principal amount of the Outstanding Securities may declare the principal of all
the Securities to be due and payable immediately, by a notice in writing to the Company (and to the
Trustee if given by Holders), and upon any such declaration such principal (and premium, if any),
any accrued interest and Liquidated Damages, if any, shall become immediately due and payable. If
an Event of Default specified in Section 5.01(h) or (i) occurs, the principal of (and premium, if
any), any accrued interest and Liquidated Damages, if any, on the Securities then Outstanding shall
ipso facto become immediately due and payable without any declaration or other Act on the part of
the Trustee or any Holder.

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

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

                    (i) all Defaulted Interest on all Securities;

                    (ii) the principal of (and premium, if any, on) any Securities which have become due otherwise
than by such declaration of acceleration (including any Securities required to have been purchased
on the Purchase Date pursuant to an Offer to Purchase made by the Company) and, to the extent that
payment of such interest is lawful, interest thereon at the rate provided by the Securities;

                    (iii) to the extent that payment of such interest is lawful, interest upon Defaulted Interest,
at the rate provided by the Securities; and

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

          and

               (b) all Defaults and Events of Default, other than the non-payment of the principal of
Securities which have become due solely by such declaration of acceleration, have been cured or
waived as provided in Section 5.13.

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

          In the case of any Event of Default occurring by reason of any willful action or inaction
taken or not taken by or on behalf of the Company with the intention of avoiding payment of the
premium that the Company would have had to pay if it then had elected to redeem the Securities
pursuant to the optional redemption provisions of this Indenture, an equivalent premium will also
become and be immediately due and payable to the extent permitted by law upon the acceleration of
the Securities. If an Event of Default occurs prior to November 1, 2007 by reason of any willful
action or inaction taken or not taken by or on behalf of the Company with the intention of avoiding
the prohibition on redemption of the Securities prior to November 1, 2007, then, upon acceleration
of the Securities, an additional premium shall also become and be immediately due and payable at an
amount, for each of the years beginning November 1 of each of the years set forth below, as set
forth below (expressed as a percentage of the principal amount of each Security):

	 	 	 	 	 
	Year	 	Percentage
	2005
	 	 	4.000	%
	2006
	 	 	3.000	%

			
	          Section 5.03	 	Collection of Indebtedness and Suits for Enforcement by Trustee.

          If an Event of Default specified in Section 5.01(a), (b) or (c) occurs and is continuing, the
Trustee is authorized to recover judgment in its own name and as Trustee of an express trust
against the Company for the whole amount of principal of, premium and Liquidated Damages, if any,
and interest remaining unpaid on the Securities and interest on overdue principal and, to the
extent lawful, interest 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.

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	           Section 5.04	 	Trustee May File Proofs of Claim.

          In case of any judicial proceeding relative to the Company (or any other obligor upon the
Securities), its property or its creditors, the Trustee shall be entitled and empowered, by
intervention in such proceeding or otherwise, to take any and all actions authorized under the
Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such
proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or
other property payable or deliverable on any such claims and, subject to Article XII, to distribute
the same; and any custodian, receiver,
assignee, trustee, liquidator, sequestrator or other similar official in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the
event that the Trustee shall consent to the making of such payments directly to the Holders, to pay
to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 6.07.

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

			
	          Section 5.05	 	Trustee May Enforce Claims Without Possession of Securities.

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

			
	          Section 5.06	 	Application of Money Collected.

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

          FIRST: To the payment of all amounts due the Trustee under Section 6.07;

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          SECOND: To the extent provided in Article XII, to the holders of Senior Indebtedness in
accordance with Article XII;

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

          FOURTH: To the Company or to such party as a court of competent jurisdiction shall direct.

			
	           Section 5.07	 	Limitation on Suits.

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

               (a) such Holder has previously given written notice to the Trustee of an Event of Default;

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

               (c) if requested by the Trustee, such Holder or Holders have offered to the Trustee reasonable
indemnity against the costs, expenses and liabilities to be incurred in compliance with such
request; and

               (d) 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 Outstanding
Securities;

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

			
	          Section 5.08	 	Unconditional Right of Holders to Receive Principal, Premium, Interest and Liquidated Damages.

          Notwithstanding any other provision in this Indenture, the Holder of any Security shall have
the right, which is absolute and unconditional, to receive payment of

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the principal of (and
premium, if any), (subject to Section 3.08) interest and Liquidated Damages, if any, on such
Security on the respective Stated Maturities expressed in such Security (or, in the case of
redemption, on the Redemption Date or, in the case of an Offer to Purchase made by the Company and
required to be accepted as to such Security, on the Purchase Date) and to institute suit for the
enforcement of any such payment, on or after such respective dates and such rights shall not be
impaired without the consent of such Holder.

			
	           Section 5.09	 	Restoration of Rights and Remedies.

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

			
	           Section 5.10	 	Rights and Remedies Cumulative.

          Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in the last paragraph of Section 3.07, no right or remedy
herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of
any other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy.

			
	           Section 5.11	 	Delay or Omission Not Waiver.

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

			
	          Section 5.12	 	Control by Holders.

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

               (a) such direction shall not be in conflict with any rule of law or with this Indenture;

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               (b) the Trustee may take any other action deemed proper by the Trustee in furtherance of or
consistent with, such direction; and

               (c) subject to the provisions of Section 6.01, the Trustee shall have the right to decline to
follow any such direction if the Trustee, being advised by counsel, determines that the action or
proceeding so directed may not lawfully be taken or if the Trustee in good faith determines that
the action or proceedings so directed might
involve the Trustee in personal liability or if the Trustee in good faith shall so determine
that the actions or forbearances specified in or pursuant to such direction shall be unduly
prejudicial to the interest of Holders of the Securities not joining in the giving of said
direction, it being understood that the Trustee shall have no duty to ascertain whether or not such
actions or forbearances are unduly prejudicial to such Holders.

			
	          Section 5.13	 	Waiver of Past Defaults.

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

               (a) in the payment of the principal of (or premium, if any) or interest (or Liquidated
Damages, if any), on any Security (including any Security which is required to have been purchased
pursuant to an Offer to Purchase which has been made by the Company); or

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

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

			
	          Section 5.14	 	Undertaking for Costs.

          In any suit for the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require
any party litigant in such suit to file an undertaking to pay the costs of such suit, and may
assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act. This Section 5.14 does not apply to a suit by the Trustee, a suit by a Holder
pursuant to Section 5.08 or a suit by the Holders of more than 10% in aggregate principal amount of
the Securities.

			
	          Section 5.15	 	Waiver of Stay or Extension Laws.

          The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, or plead, or in any manner whatsoever claim or take the

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

ARTICLE VI

THE TRUSTEE

			
	           Section 6.01	 	Certain Duties and Responsibilities.

               (a) The duties and responsibilities of the Trustee shall be as provided in this Indenture and
by the Trust Indenture Act. Notwithstanding the foregoing, no provision of this Indenture shall
require the Trustee to expend or risk its own funds or otherwise incur any financial liability in
the performance of any of its duties hereunder, or in the exercise of any of its rights or powers,
if it shall have reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it. If an Event of Default
has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by
this Indenture and use the same degree of care and skill in their exercise as a prudent person
would exercise or use under the circumstances in the conduct of such person’s own affairs.
Whether or not therein expressly so provided, every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee shall be subject to
the provisions of this Section 6.01.

               (b) The Trustee may not be relieved from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that:

                    (i) this Section 6.01(b) does not limit the effect of Section 6.03;

                    (ii) the Trustee shall not be liable for any error of judgment made in good faith by a trust
officer unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and

                    (iii) the Trustee shall not be liable with respect to any action it takes or omits to take in
good faith in accordance with a direction received by it pursuant to Section 5.12.

			
	           Section 6.02	 	Notice of Defaults.

          The Trustee shall give the Holders notice of any Event of Default hereunder within 90 days
after the occurrence thereof as and to the extent provided by the Trust Indenture Act. Except in
the case of a Default or an Event of Default in payment of

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principal of (and premium, if any, on)
or interest (or Liquidated Damages, if any), on any Securities, the Trustee may withhold the notice
to the Holders if and so long as a committee of its trust officers in good faith determines that
withholding such notice is in the interests of the Holders.

			
	           Section 6.03	 	Certain Rights of Trustee.

          Subject to the provisions of Section 6.01:

               (a) except during the continuance of an Event of Default the Trustee shall undertake to
perform such duties as are specifically set forth in this Indenture, and no implied covenants or
obligations shall be read into this Indenture against the Trustee;

               (b) except during the continuance of a Default or an Event of Default, in the absence of bad
faith in its part, the Trustee may rely and shall be protected in acting or refraining from acting
upon any resolution, certificate, Officers’ Certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness
or other paper or document believed by it to be genuine and to have been signed or presented by the
proper party or parties; provided that the Trustee shall examine all Officers’ Certificates,
opinions and other documents produced pursuant to the requirements of this Indenture to determine
whether or not they conform to the requirements of this Indenture;

               (c) 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 of the Company
may be sufficiently evidenced by a Board Resolution;

               (d) whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the
Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith
on its part, rely upon an Officers’ Certificate; provided that the Trustee shall examine such
Officer’s Certificate to determine whether or not it conforms to the requirements of this
Indenture;

               (e) before the Trustee acts or refrains from acting, the Trustee may consult with counsel and
the written advice of such counsel or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted by it hereunder in
good faith and in reliance thereon;

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

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               (g) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document
unless requested to do so by the Holders of not less than a 10% of the aggregate principal amount
of the Securities then Outstanding, 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;

               (h) 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;

               (i) the Trustee shall not be required to give any bond or surety in respect of the performance
of its powers and duties hereunder;

               (j) the Trustee shall not be bound to ascertain or inquire as to the performance or observance
of any covenants, conditions or agreements on the part of the Company, except as otherwise provided
herein, but the Trustee may require of the Company full information and advice as to the
performance of the covenants, conditions and agreements contained herein and shall be entitled in
connection herewith to examine the books, records and premises of the Company; and

               (k) except for (i) a Default under Sections 5.01(a), (b) or (c) hereof, or (ii) any other
Default or Event of Default of which the Trustee has “actual knowledge” the Trustee shall not be
deemed to have notice of any Default or Event of Default unless specifically notified in writing of
such Default or Event of Default in accordance with this Indenture. As used herein, the term
“actual knowledge” means the actual fact or statement of knowing, without any duty to make any
investigation with regard thereto.

			
	          Section 6.04	 	Not Responsible for Recitals or Issuance of Securities.

          The recitals contained herein and in the Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for their correctness. The Trustee makes 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 Securities or the proceeds thereof.

			
	          Section 6.05	 	May Hold Securities.

          The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other
agent of the Company, in its individual or any other capacity, may become the owner or pledgee of
Securities and, subject to Sections 6.08 and 6.13, may

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otherwise deal with the Company with the
same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security
Registrar or such other agent.

			
	          Section 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:

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

               (b) 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 costs of collection (including the
reasonable compensation and the expenses and disbursements of its agents and counsel), except any
such expense, disbursement or advance as may be attributable to its negligence or willful
misconduct; and

               (c) to indemnify the Trustee and any predecessor Trustee in any capacity under this Indenture
and its agents for, and to hold them harmless against, any loss, liability or expense incurred
without negligence or willful misconduct on the part of the Trustee or such agents, arising out of
or in connection with the acceptance or administration of this trust, including the costs and
expenses of defending themselves against or investigating any claim or liability in connection with
the exercise or performance of any of its powers or duties hereunder.

          The obligations of the Company under this Section 6.07 shall survive the satisfaction and
discharge of this Indenture and the resignation or removal of the Trustee. As security for the
performance of such obligations of the Company, the Trustee shall have a claim prior to the
Securities upon all property and funds held or collected by the Trustee as such, except funds held
in trust for the payment of principal of (and premium, if any) and interest (and Liquidated
Damages, if any), on particular Securities. When the Trustee incurs expenses or renders services
in connection with an Event of Default specified in Article V hereof, the expenses (including
reasonable fees and expenses of its counsel) and the compensation for the services in connection
therewith are intended to constitute expense of administration under any applicable bankruptcy law.

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	          Section 6.08	 	Disqualification; Conflicting Interests.

          If the Trustee has or acquires a “conflicting interest” within the meaning of the Trust
Indenture Act, the Trustee shall either eliminate such conflicting interest or resign, to the
extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and
this Indenture. Neither the Company nor any Affiliate of the Company shall serve as the Trustee.
The Trustee is subject to Section 310(b) of the Trust Indenture Act.

			
	          Section 6.09	 	Corporate Trustee Required; Eligibility.

          There shall at all times be a Trustee hereunder which shall be a Person that is eligible
pursuant to the Trust Indenture Act (including, without limitation, Sections 310(a)(1), (2) and (5)
thereof) to act as such and has (or in the case of a Person included in a bank holding company
system, the related bank holding company shall have) a combined capital and surplus of at least
$100.0 million and its Corporate Trust Office in New York City or Minneapolis. If such Person
publishes reports of condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section 6.09, the combined
capital and surplus of such Person shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. If at any time the Trustee ceases to be
eligible in accordance with the provisions of this Section 6.09, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article VI.

			
	          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 VI shall become effective until the acceptance of appointment by the
successor Trustee under Section 6.11.

               (b) The Trustee may resign at any time by giving written notice thereof to the Company. If an
instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within
30 days after the giving of such notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a successor Trustee.

               (c) The Trustee may be removed at any time by Act of the Holders of a majority in principal
amount of the Outstanding Securities, delivered to the Trustee and to the Company.

               (d) If at any time:

                    (i) the Trustee fails to comply with Section 6.08 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 (6) months,
or

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                    (ii) the Trustee ceases to be eligible under Section 6.09 and fails to resign 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 (6) months, or

                    (iii) the Trustee becomes incapable of acting or is adjudged bankrupt or insolvent or a
receiver of the Trustee or of its property is appointed or any public officer takes charge or
control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation,

then, in any such case, (A) the Company by a Board Resolution may remove the Trustee, or (B)
subject to Section 5.14, any Holder who has been a bona fide Holder of a Security for at least six
(6) 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 resigns, is removed or becomes incapable of acting, or if a vacancy occurs
in the office of Trustee for any cause, the Company, by a Board Resolution, shall promptly appoint
a successor Trustee. If, within one year after such resignation, removal or incapability, or the
occurrence of such vacancy, a successor Trustee is appointed by Act of the Holders of a majority in
principal amount of the Outstanding Securities 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 and supersede the successor Trustee appointed by the Company. If no
successor Trustee has 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 for at
least six (6) months may, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the appointment of a successor Trustee.

               (f) The Company shall give notice of each resignation and each removal of the Trustee and each
appointment of a successor Trustee to all Holders in the manner provided in Section 1.06. Each
notice shall include the name of the successor Trustee 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. Upon request of any such successor Trustee, the

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

          No successor Trustee shall accept its appointment unless at the time of such acceptance such
successor Trustee is qualified and eligible under this Article VI.

			
	           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 the
corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; provided
such corporation shall be otherwise qualified and eligible under this Article VI, without the
execution or filing of any paper or any further act on the part of any of the parties hereto. In
case any Securities 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.

          If and when the Trustee shall be or become a creditor, directly or indirectly, secured or
unsecured, of the Company (or any other obligor upon the Securities), the Trustee shall be subject
to the provisions of the Trust Indenture Act regarding the collection of claims against the Company
(or any such other obligor). The Trustee is subject to Section 311(a) of the Trust Indenture Act,
excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee
who has resigned or been replaced shall be subject to Section 311(a) of the Trust Indenture Act to
the extent indicated therein.

			
	           Section 6.14	 	Appointment of Authenticating Agent.

          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 original issue and upon exchange,
registration of transfer or partial redemption or pursuant to Section 3.07, and Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory
for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this
Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s
certificate of authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
acceptable to the Company and shall at all times be a corporation organized and doing business
under the laws of the United States of America, any state thereof or the District of Columbia,
authorized under such laws to act as Authenticating Agent, having (or in the

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case of a corporation
included in a bank holding company system, the related bank holding company having) a combined
capital and surplus of not less than $100.0 million and subject to supervision or examination by
Federal or state authority. If such Authenticating Agent publishes reports of condition at least
annually, pursuant to law or to the requirements of said supervising or examining authority, then
for the purposes of this Section, the combined capital and surplus of such Authenticating Agent
shall be deemed to
be its combined capital and surplus as set forth in its most recent report of condition so
published. If at any time an Authenticating Agent ceases to be eligible in accordance with the
provisions of this Section 6.14, such Authenticating Agent shall resign immediately in the manner
and with the effect specified in this Section 6.14.

          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 is a party, or any corporation succeeding to the Corporate agency
or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating
Agent; provided such corporation shall be otherwise eligible under this Section 6.14, without the
execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent.

          An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee
and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by
giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such
a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent ceases to be eligible in accordance with the provisions of this Section 6.14, the Trustee may
appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail
written notice of such appointment by first-class mail, postage prepaid, to all Holders as their
names and addresses appear in the Security Register. Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all the rights, powers and duties
of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent.
No successor Authenticating Agent shall be appointed unless it is eligible under the provisions of
this Section 6.14.

          The Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section 6.14, and the Trustee shall be entitled to be
reimbursed for such payments, subject to the provisions of Section 6.07.

          If an appointment is made pursuant to this Section 6.14, the Securities may have endorsed
thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of
authentication in the following form:

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

	 	 	 	 	 
	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	 	as Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	As Authenticating Agent
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Officer

ARTICLE VII

HOLDERS’ LISTS AND REPORTS

BY TRUSTEE AND COMPANY

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

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

               (a) quarterly, not more than 15 days after each Regular Record Date, a list, in such form as
the Trustee may reasonably 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 its capacity as
Security Registrar.

			
	          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 its capacity as
Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 7.01
upon receipt of a new list so furnished.

               (b) The rights of Holders to communicate with other Holders with respect to their rights under
this Indenture or under the Securities and the

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corresponding rights and duties of the Trustee, shall be as provided by the Trust Indenture
Act.

               (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 agent of either of them shall be held
accountable by reason of any disclosure of information as to the names and addresses of Holders
made pursuant to the Trust Indenture Act.

          Section 7.03 Reports by Trustee.

               (a) The Trustee shall transmit to the Holders such reports required pursuant to the Trust
Indenture Act as promptly as practicable after each May 15 and beginning on May 15, 2004, or at
such other time as may be provided in the Trust Indenture Act, in the manner provided in the Trust
Indenture Act.

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

			
	          Section 7.04	 	Reports by Company.

               (a) The Company shall file with the Commission, and provide to the Trustee and the Holders,
annual reports and such other information, documents and other reports, and such summaries thereof,
as may be required pursuant to the Trust Indenture Act at the times and in the manner provided
pursuant to the Trust Indenture Act.

               (b) Whether or not required by the rules and regulations of the Exchange Act or the
Commission, so long as any of the Securities remain outstanding, the Company shall:

                    (i) furnish to the Holders and the Trustee

                    (A) all quarterly and annual financial information that would be required to be
contained in a filing with the Commission on Form 10-Q and Form 10-K if the Company were
required to file such reports, including a “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and, with respect to the annual information
only, a report on the annual financial statements by the Company’s certified independent
accountants; and

                    (B) all current reports that would be required to be filed with the Commission on Form
8-K of the Exchange Act if the Company were required to file such reports; and

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                    (ii) file a copy of all such information and reports referred to in (i)(A) and (i)(B) above
with the Commission for public availability within the time periods specified in the Commission’s
rules and regulations, unless the Commission does not accept such filings, and make such
information and reports available to securities analysts and prospective investors upon request.

               (c) If the Company at any time is not subject to the reporting requirements of Section 13 or
Section 15(d) of the Exchange Act (or any successor provisions) at any time while any Security
constitutes a “restricted security” within the meaning of Rule 144, the Company shall take all
actions necessary to permit resales of the Original Securities (or any Successor Securities) to be
made pursuant to Rule 144A, including furnishing to any holder of such a Security (or a beneficial
interest therein), or to any prospective purchaser designated by such holder, upon the request of
such holder, such financial and other information as may be required to be delivered under
paragraph (d)(4) of Rule 144A to permit such resales and such information that would be required if
the Company were subject to the informational requirements of Sections 13 or 15(d) of the Exchange
Act.

ARTICLE VIII

CONSOLIDATION, MERGER,

CONVEYANCE, TRANSFER OR LEASE

			
	           Section 8.01	 	Company May Consolidate, Etc. Only on Certain Terms.

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

               (a) immediately after giving effect to such transaction and treating any Indebtedness Incurred
by the Company or a Restricted Subsidiary as a result of such transaction as having been Incurred
by the Company or such Restricted Subsidiary at the time of such transaction, no Default or Event
of Default shall have occurred and be continuing;

               (b) (i) the Company is the surviving entity or (ii) the Person formed by such consolidation or
into which the Company is merged or the Person which acquires by transfer, conveyance, sale, lease
or other disposition all or substantially all of the properties and assets of the Company as an
entirety (a “Successor Company”) is a corporation that is organized and validly existing
under the laws of the United States of America, any state thereof or the District of Columbia and,
by an indenture supplemental hereto executed and delivered to the Trustee, in form satisfactory to
the Trustee, expressly assumes the due and punctual payment of the principal of (and premium, if
any) and

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interest on all the Securities and the performance of every covenant of this Indenture on the
part of the Company to be performed or observed;

               (c) immediately after giving effect to such transaction, the Consolidated Net Worth of the
Company or, if applicable, the Successor Company shall be not less than 100% of the Consolidated
Net Worth of the Company immediately prior to such transaction;

               (d) (1) immediately after giving effect to such transaction, and treating any Indebtedness
Incurred by the Company or any Restricted Subsidiary as a result of such transaction as having been
Incurred at the time of such transaction, the Company or the Successor Company would be permitted
to Incur at least $1.00 of additional Indebtedness pursuant to the first paragraph of Section 10.08
or (2) the Operating Cash Flow Ratio for the Company, or the Successor Company, will, on the date
of such transaction after giving pro forma effect thereto and any related financing transactions as
if the same had occurred at the beginning of the Reference Period, not be greater than such
Operating Cash Flow Ratio for the Company immediately prior to such transaction; and

               (e) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that such consolidation, merger, conveyance, transfer, lease or disposition
and, if a supplemental indenture is required in connection with such transaction, such supplemental
indenture, complies with this Article VIII and that all conditions precedent herein provided for
relating to such transaction have been complied with, and, with respect to such Officers’
Certificate, setting forth the manner of determination of the Company’s (or the Successor
Company’s, as the case may be) Consolidated Net Worth in accordance with clause (c) of this Section
8.01 and ability to Incur Indebtedness in accordance with clause (d) of this Section 8.01, except
as provided below.

          Notwithstanding the foregoing, the Company may do the following without complying with clause
(d) above: (1) any Change of Domicile transaction or (2) the creation of, or the merger,
amalgamation, combination or consolidation of the Company with or into a Wholly Owned Restricted
Subsidiary for the purpose of forming, a holding company whose only substantial asset is the
Capital Stock of the Company, with any such holding company structure being disregarded.

			
	          Section 8.02	 	Successor Substituted.

          Upon any consolidation of the Company with, or merger of the Company into, any other Person or
any transfer, conveyance, sale, lease or other disposition of all or substantially all of the
properties and assets of the Company as an entirety in accordance with Section 8.01, the Successor
Company shall succeed to, and be substituted for, and may exercise every right and power of, the
Company under this Indenture with the same effect as if such Successor Company had been named as
the Company herein, and

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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 IX

SUPPLEMENTAL INDENTURES

			
	          Section 9.01	 	Supplemental Indentures Without Consent of Holders.

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

          (1) to cure any ambiguity, defect or inconsistency;

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

          (3) to provide for the assumption of the Company’s obligations to Holders of Securities in the
case of a consolidation, amalgamation, combination or merger or sale of all or substantially all of
the Company’s assets in accordance with the provisions described in Article VIII;

          (4) to make any change that would provide any additional rights or benefits to the Holders of
Securities or that does not adversely affect the legal rights under this Indenture of any such
Holder;

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

          (6) to evidence and provide for the acceptance of appointment of a successor Trustee; or

          (7) to provide for the issuance of Additional Securities in accordance with this Indenture.

			
	          Section 9.02	 	Supplemental Indentures with Consent of Holders.

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

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               (a) change the Stated Maturity of the principal of, or any installment of interest or
Liquidated Damages, if any, on, any Security;

               (b) reduce the principal amount of, or premium, if any, or interest or Liquidated Damages, if
any, on any Security;

               (c) change the place or currency of payment of principal of, or premium, if any, or interest
or Liquidated Damages, if any, on any Security;

               (d) impair the right to institute suit for the enforcement of any payment on or with respect
to any Security, except a rescission of acceleration of the Securities pursuant to Section 5.02;

               (e) reduce the percentage in aggregate principal amount of the Outstanding Securities, the
consent of whose Holders is required to amend this Indenture or for any such supplemental
indenture, or the consent of whose Holders is required for any waiver provided for in this
Indenture;

               (f) modify any of the provisions of this Section 9.02, Section 5.13 or Section 10.19, except
to increase any percentage specified in any such provision or to provide that additional provisions
of this Indenture cannot be modified or waived without the consent of the Holder of each
Outstanding Security affected thereby;

               (g) modify or add any provision of this Indenture affecting the ranking of the Securities in a
manner that adversely affects the Holders of the Securities; or

               (h) following the mailing of an Offer to Purchase Securities pursuant to Sections 10.14 or
10.16, modify the provisions of this Indenture with respect to such Offer to Purchase in a manner
adverse to such Holder; or

               (i) alter the Redemption Price or other provisions regarding optional redemption of the
Securities specified in the form of Security set forth in Article II or waive a redemption payment
with respect to any Security thereunder.

          The modification of a definition in this Indenture or a Security, to the extent such
modification affects the interpretation of any provision whose modification is restricted as
provided in clauses (a) through (i) above, shall be deemed to be a modification of such provision.

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

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	          Section 9.03	 	Execution of Supplemental Indentures.

          In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article IX or the modifications thereby of the trusts created by this Indenture,
the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in
relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized pursuant to, is permitted by, and that all conditions precedent have been met under,
this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental
indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise.

			
	           Section 9.04	 	Effect of Supplemental Indentures.

          Upon the execution of any supplemental indenture under this Article IX, this Indenture shall
be modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes and every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby. No such supplemental indenture shall directly or
indirectly modify the provisions of Article XII in any manner which might terminate or impair the
rights of the Senior Indebtedness pursuant to such subordination provisions without prior written
consent of all of the holders of Senior Indebtedness.

			
	          Section 9.05	 	Conformity with Trust Indenture Act.

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

			
	          Section 9.06	 	Reference in Securities to Supplemental Indentures.

          Securities authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article IX may bear a notation in form approved by the Trustee as to any matter
provided for in such supplemental indenture. If the Company shall so determine, new Securities so
modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental
indenture may be prepared and executed by the Company and authenticated and delivered by the
Trustee in exchange for Outstanding Securities.

			
	          Section 9.07	 	Notice of Supplemental Indenture.

          Promptly after the execution by the Company and the Trustee of any supplemental indenture
pursuant to Section 9.02, the Company shall transmit to the Holders a notice setting forth the
substance of such supplemental indenture.

			
	          Section 9.08	 	Revocation and Effect of Consents.

          Until a supplemental indenture or waiver becomes effective, a consent to it by a Holder of a
Security is a continuing consent by the Holder of a Security, and every

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subsequent Holder of a Security or portion of a Security that evidences the same debt as the
consenting Holder’s Security, even if notation of the consent is not made on any Security.
However, any such Holder of a Security or subsequent Holder of a Security may revoke the consent as
to its Security if the Trustee receives written notice of revocation before the date the
supplemental indenture or waiver becomes effective. A supplemental indenture or waiver becomes
effective in accordance with its terms and thereafter binds every Holder.

ARTICLE X

COVENANTS

			
	          Section 10.01	 	Payment of Principal, Premium and Interest.

          The Company shall duly and punctually pay the principal of (and premium, if any), and interest
(and Liquidated Damages, if any) on the Securities in accordance with the terms of the Securities,
this Indenture and the Registration Rights Agreement.

          The Company shall pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal at the rate equal to the then applicable interest rate on the
Securities, to the extent lawful. The Company shall pay interest (including post-petition interest
in any proceeding under any Bankruptcy Law) on Defaulted Interest (without regard to any applicable
grace period) at the same rate, to the extent lawful.

			
	          Section 10.02	 	Maintenance of Office or Agency.

          The Company shall maintain in the Borough of Manhattan, New York City, an office or agency
where Securities may be presented or surrendered for payment, where Securities may be surrendered
for registration of 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 Company shall give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency.
If at any time the Company fails to maintain any such required office or agency or fails to furnish
the Trustee with the address thereof, such presentations, surrenders, notices and demands may be
made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands.

          The Company may also from time to time designate one or more other offices or agencies (in or
outside the Borough of Manhattan, New York City) where the Securities may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations;
provided, however, that no such designation or rescission shall in any manner
relieve the Company of its obligation to maintain an office or agency in the Borough of Manhattan,
New York City, for such purposes. The

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Company shall give prompt written notice to the Trustee of
any such designation or rescission and of any change in the location of any such other office or
agency.

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

          If the Company at any time acts as its own Paying Agent, it shall, on or before each due date
of the principal of (or premium, if any) or interest (or Liquidated Damages, if any) on any of the
Securities segregate and hold in trust for the benefit of the Persons entitled thereto a sum
sufficient to pay such amounts so becoming due until such sums shall be paid to such Persons or
otherwise disposed of as herein provided and shall promptly notify the Trustee of its action or
failure so to act. The Company hereby appoints the Trustee as the Paying Agent as of the Issue
Date.

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

          The Company shall cause each Paying Agent other than the Trustee to execute and deliver to the
Trustee an instrument in which such Paying Agent agrees with the Trustee, subject to the provisions
of this Section 10.03, that such Paying Agent shall:

               (a) hold all sums held by it for the payment of the principal of (or premium, if any) or
interest (or Liquidated Damages, if any) on Securities in trust for the benefit of the Persons
entitled thereto until such sums are paid to such Persons or otherwise disposed of as herein
provided;

               (b) give the Trustee prompt written notice of any default by the Company (or any other obligor
upon the Securities) in the making of any payment of principal, if any, Liquidated Damages, if any,
or interest; and

               (c) 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 sums.

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          Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in
trust for the payment of the principal of (and premium, if any), Liquidated Damages, if any, or
interest on any Security and remaining unclaimed for two years after such principal (and premium,
if any), Liquidated Damages, 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, 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 publicly disseminated notice that such money remains unclaimed
and that, after a date specified therein, which shall not be less than 30 days from the date of
such publication, any unclaimed balance of such money then remaining shall be repaid to the
Company.

			
	          Section 10.04	 	Existence.

          The Company shall do or cause to be done all things necessary to preserve and keep in full
force and effect its existence, rights (charter and statutory) and franchises; provided,
however, that the Company shall not be required to preserve any such right or franchise if
the preservation thereof is no longer desirable in the conduct of the business of the Company and
its Restricted Subsidiaries, taken as a whole, and the loss thereof is not materially adverse to
the Holders of the Securities; provided further, that this Section 10.04 does not prohibit any
transaction permitted by Section 10.14 or Article VIII.

			
	          Section 10.05	 	Maintenance of Properties.

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

			
	          Section 10.06	 	Payment of Taxes.

          The Company shall pay or discharge or cause to be paid or discharged, before the same shall
become delinquent, (l) all material taxes, assessments and governmental charges levied or imposed
upon the Company or any of its Restricted Subsidiaries or upon the income, profits or property of
the Company or any of its Restricted Subsidiaries, and (2) all lawful claims for labor, materials
and supplies which, if unpaid, might by law become a lien upon the property of the Company or any
of its

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Restricted Subsidiaries; provided, however, that the Company shall not be
required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or
claim
whose amount, applicability or validity is being contested in good faith by appropriate
proceedings.

			
	          Section 10.07	 	Maintenance of Insurance.

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

			
	          Section 10.08	 	Limitation on Consolidated Indebtedness.

          The Company shall not, and shall not cause or permit any Restricted Subsidiary to, directly or
indirectly, Incur any Indebtedness, including Acquired Indebtedness, except that the Company may
Incur Indebtedness, if, after giving effect thereto, the Company’s Operating Cash Flow Ratio would
have been less than 7.5 to 1.0.

          Notwithstanding the above, the Company and its Restricted Subsidiaries may Incur the following
Indebtedness without regard to the above limitations:

               (a) Indebtedness evidenced by the Securities on the Issue Date and a like principal amount of
Exchange Securities to be issued pursuant to the terms of the Registration Rights Agreement;

               (b) Indebtedness, letters of credit and bankers’ acceptances Incurred by the Company under the
Credit Agreement in an aggregate principal amount not to exceed $125,000,000 at any time
outstanding, reduced by the amount of repayments and permanent reductions of Indebtedness Incurred
under this clause (b) due to the application of Net Cash Proceeds after the Issue Date pursuant to
Section 10.14;

               (c) Indebtedness of the Company or any of its Restricted Subsidiaries owing to the Company or
any of its Restricted Subsidiaries (“Intercompany Indebtedness”); provided that (A) in the
case of any such Indebtedness of the Company, such obligations will be unsecured and subordinated
by their terms in all respects to the Holders’ rights pursuant to the Securities, and (B) if any
event occurs that causes a Person that is a Restricted Subsidiary to no longer be a Restricted
Subsidiary, then this clause (c) will no longer be applicable to such Indebtedness of that Person;

               (d) Indebtedness of the Company or any Restricted Subsidiary issued in exchange for, or to
renew, replace, extend, refinance or refund, any Indebtedness of the Company or such Restricted
Subsidiary Incurred pursuant to clauses (a), (d), (f), (h), (k), (n) or (o) of this Section 10.08
or pursuant to the first paragraph of

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this Section 10.08, which Indebtedness was outstanding or
committed on the date of exchange, renewal, replacement, extension, refinancing or refunding;
provided, however, that:

                    (A) such Indebtedness does not exceed the principal amount (or in the case of
Redeemable Stock or Preferred Stock that constitutes Indebtedness, the aggregate redemption
or repurchase price or liquidation value) of outstanding or committed Indebtedness so
exchanged, renewed, replaced, extended, refinanced or refunded plus all accrued interest,
dividends and premiums on the Indebtedness and all fees, expenses, penalties and premiums
incurred in connection therewith;

                    (B) such exchanging, renewing, replacing, extending, refinancing or refunding
Indebtedness has (x) a final maturity that is later than the final maturity of the
Indebtedness being so exchanged, renewed, replaced, extended, refinanced or refunded, and
(y) an Average Life, at the time of such exchange, renewal, replacement, extension,
refinancing or refunding of such Indebtedness, that is equal to or greater than the Average
Life of the Indebtedness being so exchanged, renewed, replaced, extended, refinanced or
refunded;

                    (C) in the case of any exchanging, renewing, replacing, extending, refinancing or
refunding of Indebtedness subordinated to the Securities, the exchanging, renewing,
replacing, extending, refinancing or refunding Indebtedness ranks subordinate in right of
payment to the Securities to substantially the same extent as, or to a greater extent than,
the Indebtedness so exchanged, renewed, replaced, extended, refinanced or refunded;

                    (D) the Exchangeable Preferred Stock, the Junior Exchangeable Preferred Stock and the
Class M Preferred Stock (and any Preferred Stock that is Redeemable Stock issued to
exchange, renew, replace, extend, refinance or refund any of the foregoing) (collectively,
the “Refinanced Preferred Stock”) may be exchanged, renewed, replaced, extended,
refinanced or refunded pursuant to this clause (D) only by the incurrence of Qualified
Stock that ranks equally with or junior to the Refinanced Preferred Stock; and

                    (E) no Indebtedness of the Company may be exchanged, renewed, replaced, extended,
refinanced or refunded by the Incurrence of Indebtedness or the issuance of Capital Stock
by any Restricted Subsidiary;

          (e) Indebtedness Incurred by the Company or any of its Restricted Subsidiaries under Hedge
Agreements to protect the Company or any of its Restricted Subsidiaries from interest or foreign
currency risk on Indebtedness permitted to be Incurred by this Indenture or to manage such risk;
provided, that the notional principal amount of any such Hedge Agreements does not exceed
the principal amount of Indebtedness to which such Hedge Agreements relate, and such Hedge
Agreements are not for speculative purposes;

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               (f) Indebtedness of the Company and its Restricted Subsidiaries existing on the Issue Date
(other than Indebtedness Incurred under clause (c) of this Section 10.08) (“Existing
Indebtedness”);

               (g) any guarantee by any Restricted Subsidiary of any Indebtedness Incurred under the Credit
Agreement in accordance with this Section 10.08;

               (h) Acquired Indebtedness of the Company; provided that, on a pro forma basis after giving
effect to the Incurrence of such Acquired Indebtedness, the Company would be able to Incur at least
$1.00 of additional Indebtedness pursuant to the first paragraph of this Section 10.08;

               (i) Indebtedness of the Company or any of its Restricted Subsidiaries in respect of
performance, bid, surety, appeal or similar bonds or completion or performance guarantees provided
in the ordinary course of business;

               (j) Indebtedness of the Company or any of its Restricted Subsidiaries arising from agreements
providing for indemnification, adjustment of purchase price or similar obligations, or from
guarantees or letters of credit, surety bonds or performance bonds securing any obligations of the
Company or any of its Restricted Subsidiaries pursuant to such agreements, in any case Incurred in
connection with the disposition of any business, assets or Subsidiary of the Company (other than
guarantees of, or similar obligations under, Indebtedness Incurred by any Person acquiring all or
any portion of such business, assets or Restricted Subsidiary of the Company for the purpose of
financing such acquisition), in an amount not to exceed the gross proceeds actually received by the
Company or any Restricted Subsidiary in connection with such disposition;

               (k) Indebtedness of the Company or any of its Restricted Subsidiaries represented by Capital
Lease Obligations, mortgage financings or purchase money obligations, in each case, Incurred for
the purpose of financing all or any part of the purchase price or cost of construction or
improvement of property, plant or equipment used in the business of the Company or any of its
Restricted Subsidiaries, in an aggregate principal amount, including all Indebtedness Incurred
pursuant to clause (d) of this Section 10.08 above in exchange for, or to renew, replace, extend,
refinance or refund any Indebtedness Incurred pursuant to this clause (k), not to exceed the
greater of 1.0% of Total Assets at any time outstanding and $12.0 million;

               (l) Indebtedness of the Company or any of its Restricted Subsidiaries owed to, including
obligations in respect of letters of credit for the benefit of, any Person in connection with
workers’ compensation, health, disability or other employee benefits or property, casualty or
liability insurance provided by such Person to the Company or any of its Restricted Subsidiaries,
in each case Incurred in the ordinary course of business;

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               (m) Indebtedness of the Company or any of its Restricted Subsidiaries arising from the
honoring by a bank or other financial institution of a check, draft or similar instrument drawn
against insufficient funds in the ordinary course of business; provided, that such
Indebtedness is extinguished within two Business Days after its Incurrence;

               (n) Indebtedness of any Restricted Subsidiary of the Company which does not exceed $50 million
in the aggregate for all such Restricted Subsidiaries at any time outstanding under this clause (n)
(excluding any Intercompany Indebtedness or Acquired Indebtedness that is otherwise permitted to be
Incurred under this Indenture); provided that a Restricted Subsidiary may not Incur any
Indebtedness under this clause (n), unless the Company’s Operating Cash Flow Ratio is less than 7.5
to 1.0 and the Adjusted Operating Cash Flow Ratio of such Restricted Subsidiary is less than 6.0 to
1.0; and

               (o) Indebtedness of the Company or any of its Restricted Subsidiaries, other than Indebtedness
permitted pursuant to clauses (a) through (n) of this Section 10.08, which does not exceed $35
million at any time outstanding including all Indebtedness Incurred pursuant to clause (d) of this
Section 10.08 in exchange for, or to renew, replace, extend, refinance or refund any such
Indebtedness.

          For the avoidance of doubt, all Indebtedness outstanding under the Credit Agreement on the
Issue Date shall be deemed to have been Incurred under clause (b) of this Section 10.08. For
purposes of determining compliance with this Section 10.08, in the event that an item of proposed
Indebtedness meets the criteria of more than one of the categories described in clause (a) and
clauses (c) through (o) of this Section 10.08, or is entitled to be Incurred pursuant to the first
paragraph of this Section 10.08, the Company, in its sole discretion, will be permitted to classify
such item of Indebtedness on the date of its Incurrence, or later reclassify such item of
Indebtedness, in any manner that complies with this Section 10.08.

          The accrual of interest, the accretion or amortization of original issue discount, the payment
of interest on any Indebtedness in the form of additional Indebtedness with the same terms, and
payments of dividends on Redeemable Stock or Preferred Stock in the form of additional shares of
the same class of Redeemable Stock or Preferred Stock will not be deemed to be an Incurrence of
Indebtedness or an issuance of Redeemable Stock or Preferred Stock for the purposes of this Section
10.08.

			
	          Section 10.09	 	Limitation on Preferred Stock of Restricted Subsidiaries.

          The Company shall not permit any Restricted Subsidiary of the Company to create or issue any
Preferred Stock except:

               (a) Preferred Stock outstanding on the Issue Date (“Existing Preferred Stock”);

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               (b) Preferred Stock issued to and held by the Company or any Wholly Owned Restricted
Subsidiary of the Company;

               (c) Preferred Stock issued by a Person prior to the time such Person became a Restricted
Subsidiary of the Company; and

               (d) Preferred Stock issued by a Restricted Subsidiary in exchange for, or the proceeds of
which are used to refinance outstanding Preferred Stock of a Restricted Subsidiary;
provided that (i) the liquidation value of the refinancing Preferred Stock does not exceed
the liquidation value so refinanced plus financing fees and other expenses, penalties and premiums
associated with such refinancing and all accrued dividends on such Preferred Stock and (ii) such
refinancing Preferred Stock has no mandatory redemptions prior to (and in no greater amounts than)
the Preferred Stock being refinanced.

          The payment of dividends on Preferred Stock in the form of additional shares of the same class
of Preferred Stock shall not be deemed to be a creation or issuance of Preferred Stock for purposes
of this Section 10.09.

			
	          Section 10.10	 	Limitation on Restricted Payments.

          The Company shall not, and shall not permit any Restricted Subsidiary of the Company to make,
directly or indirectly, any Restricted Payment, unless after giving effect to the Restricted
Payment:

               (a) no Default or Event of Default has occurred and is continuing;

               (b) the Company would be permitted to Incur an additional $1.00 of Indebtedness pursuant to
the Operating Cash Flow Ratio test set forth in the first paragraph of Section 10.08; and

               (c) the total of all Restricted Payments made on or after January 16, 2002 does not exceed the
sum, without duplication, of (1) Cumulative Operating Cash Flow less 1.60 times Cumulative Interest
Expense, (2) 100% of the aggregate Qualified Capital Stock Proceeds of the Company after January
16, 2002, (3) 100% of the cash proceeds received from an Unrestricted Subsidiary to the extent of
Investments (other than Permitted Investments) made in such Unrestricted Subsidiary since January
16, 2002, and (4) to the extent that any Investment, other than a Permitted Investment, that was
made after the Issue Date is sold or otherwise liquidated or repaid, or the Person in whom such
Investment was made subsequently becomes a Restricted Subsidiary of the Company, the lesser of (x)
the cash or Cash Equivalents received upon the sale, liquidation or repayment of such Investment,
less the cost of disposition, if any, or the cash plus the Fair Market Value of any assets other
than cash held by such Person on the date it becomes a Restricted Subsidiary of the Company, as
applicable, and (y) the initial amount of such Investment.

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          The foregoing provision shall not be violated by reason of:

          (1) the payment of any dividend within 60 days after declaration thereof if at the declaration
date such payment would have complied with the preceding provision;

          (2) any refinancing of any Indebtedness otherwise permitted under clauses (b) or (d) of
Section 10.08;

          (3) (a) the issuance of the Senior Subordinated Exchange Debentures in exchange for the
Exchangeable Preferred Stock in accordance with the terms of the Exchangeable Preferred Stock in
effect on the Issue Date; provided, that after giving effect thereto, the Company’s
Operating Cash Flow Ratio, would have been less than 6.5 to 1.0, or (b) the issuance of Additional
Senior Subordinated Exchange Debentures in exchange for the Junior Exchangeable Preferred Stock in
accordance with the terms of the Junior Exchangeable Preferred Stock in effect on the Issue Date;
provided, that after giving effect thereto, the Company’s Operating Cash Flow Ratio would
have been less than 6.5 to 1.0;

          (4) the purchase, redemption or other acquisition or retirement for value of Capital Stock of
any Restricted Subsidiary held by Persons other than the Company or any of its Restricted
Subsidiaries;

          (5) the making of any Investment other than a Permitted Investment or the payment, redemption,
defeasance, repurchase or other acquisition or retirement of any Capital Stock of the Company or
any Subordinated Indebtedness prior to its scheduled maturity or the payment of dividends on any
Capital Stock of the Company either in exchange for or out of the net cash proceeds of the
substantially concurrent sale (other than to a Subsidiary of the Company) of Qualified Capital
Stock of the Company; provided, that the amount of any such net cash proceeds that are
utilized for any such Investment, payment, redemption, defeasance, repurchase or other acquisition,
retirement or dividend will be excluded from clause (c)(2) of this Section 10.10;

          (6) the repurchase, redemption, acquisition or other retirement for value of any Capital Stock
of the Company or any of its Restricted Subsidiaries held by any employee benefit plans of the
Company or any of its Restricted Subsidiaries, any current or former employees or directors of the
Company or any of its Restricted Subsidiaries or pursuant to any management equity subscription
agreement or stock option agreement of the Company or any of its Restricted Subsidiaries;
provided, that the aggregate price paid for all such repurchased, redeemed, acquired or
retired Capital Stock shall not exceed $1.0 million in any 12-month period;

          (7) the payment of dividends on either the Exchangeable Preferred Stock or on the Junior
Exchangeable Preferred Stock after February 15, 2005, which dividends do not exceed $30.0 million
in the aggregate since January 16, 2002; provided, that in no event may any such payment be
made unless the Operating Cash Flow Ratio of

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the Company, calculated on the basis that the
Preferred Stock on which such dividends are proposed to be paid constitutes Indebtedness, is less
than 7.0 to 1.0;

          (8) the distribution, as a dividend or otherwise, of Capital Stock of, or Indebtedness owed to
the Company or a Restricted Subsidiary by, any Unrestricted Subsidiary;

          (9) any purchase, redemption, retirement, defeasance or other acquisition for value of any
Subordinated Indebtedness pursuant to the provisions of such Subordinated Indebtedness upon an
Asset Sale or a Change of Control after the Company shall have complied with the provisions of this
Indenture as set forth in Section 10.14 or Section 10.16, as the case may be; or

          (10) Restricted Payments, in addition to Restricted Payments permitted pursuant to clauses (1)
through (9) of this paragraph, not in excess of $35 million in the aggregate after the Issue Date;

provided, that with respect to clauses (3) through (10) above, no Default or Event of
Default shall have occurred and be continuing, and the payments described in clauses (1), (6), (7),
(9) and (10) of this paragraph shall constitute Restricted Payments for the calculation under the
first paragraph of this Section 10.10.

          In determining whether any Restricted Payment is permitted by this Section 10.10, the Company
may allocate all or any portion of such Restricted Payment among the categories described in
clauses (1) through (10) of the immediately preceding paragraph or among such categories and the
types of Restricted Payments described in the first paragraph of this Section 10.10;
provided, that at the time of such allocation, all such Restricted Payments, or allocated
portions thereof, would be permitted under the various provisions of this Section 10.10.

			
	          Section 10.11	 	Limitations Concerning Distributions and Transfers By Restricted Subsidiaries.

          The Company shall not, and shall not permit any Restricted Subsidiary of the Company to,
create or otherwise cause or suffer to exist or become effective any consensual restriction or
prohibition on the ability of any Restricted Subsidiary of the Company to:

               (a) pay dividends on, or make other distributions in respect of, its Capital Stock, or any
other ownership interest or participation in, or measured by, its profits, to the Company or any
Restricted Subsidiary or pay any Indebtedness or other obligation owed to the Company or any
Restricted Subsidiary;

               (b) make any loans or advances to the Company or any Restricted Subsidiary; or

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               (c) transfer any of its property or assets to the Company or any Restricted Subsidiary.

          Notwithstanding the foregoing, the Company may, and may permit any Restricted Subsidiary to,
suffer to exist any such restriction or prohibition:

          (1) pursuant to this Indenture, the Securities, the Exchange Securities to be issued pursuant
to the terms of the Registration Rights Agreement, the Credit
Agreement, the Senior Secured Notes, the Senior Unsecured Notes, the Existing Senior
Subordinated Notes, any other agreement in effect on the Issue Date and, if executed and delivered,
an Exchange Indenture; provided, that any such restriction or prohibition in the Exchange
Indenture is no more restrictive than that contained in this Indenture;

          (2) pursuant to an agreement relating to any Indebtedness or Capital Stock of such Restricted
Subsidiary which was outstanding or committed prior to the date on which such Restricted Subsidiary
became a Restricted Subsidiary of the Company other than restrictions or prohibitions adopted in
anticipation of becoming a Restricted Subsidiary; provided, that such restriction or
prohibition shall not apply to any property or assets of the Company or any Restricted Subsidiary
other than the property or assets of such Restricted Subsidiary and its Subsidiaries;

          (3) existing under or by reason of applicable law, rule, regulation or order;

          (4) pursuant to customary provisions restricting subletting or assignment of any lease
governing any leasehold interest of any Restricted Subsidiary;

          (5) pursuant to purchase money obligations for property acquired in the ordinary course of
business that impose restrictions of the type referred to in clause (c) of this Section 10.11;

          (6) pursuant to restrictions of the type referred to in clause (c) of this Section 10.11
contained in security agreements securing Indebtedness of a Restricted Subsidiary to the extent
that such Liens were otherwise Incurred in accordance with Section 10.12 and restrict the transfer
of property subject to such agreements;

          (7) pursuant to any agreement for the sale or other disposition of all or substantially all of
the Capital Stock or assets of a Restricted Subsidiary that restricts distributions by that
Restricted Subsidiary pending its sale or disposition;

          (8) pursuant to other agreements in effect on the Issue Date;

          (9) pursuant to customary provisions in joint venture agreements and other similar agreements
entered into in the ordinary course of business; and

          (10) pursuant to an agreement effecting an amendment, modification, restatement, supplement,
renewal, increase, extension, refinancing, replacement or

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refunding of any agreement described in
clauses (1), (2) and (8) above; provided, that the provisions contained in such amendment,
modification, restatement, supplement, renewal, increase, extension, refinancing, replacement or
refunding agreement relating to such restriction or prohibition are not materially more
restrictive, taken as a whole, than the provisions contained in the agreement which is the subject
thereof.

			
	           Section 10.12	 	Limitations on Liens.

          The Company shall not, and shall not permit any Restricted Subsidiary of the Company to, Incur
or suffer to exist any Lien on or with respect to any property or assets now owned or hereafter
acquired securing any Indebtedness that ranks equally or subordinate in right of payment to the
Securities without making, or causing such Restricted Subsidiary to make, effective provision for
securing the Securities:

               (a) equally and ratably with such obligation as to such property for so long as such
obligation will be so secured; or

               (b) in the event such obligation is Indebtedness of the Company or a Restricted Subsidiary
which is subordinate by its terms in right of payment to the Securities, prior to such obligation
as to such property for so long as such obligation will be so secured.

          The foregoing restrictions shall not apply to:

          (1) Liens existing in respect of any Indebtedness that exists on the Issue Date (“Existing
Liens”);

          (2) Liens in favor of the Company or Liens in favor of a Wholly Owned Restricted Subsidiary of
the Company on the assets or Capital Stock of another Wholly Owned Restricted Subsidiary of the
Company;

          (3) Liens to secure Indebtedness outstanding or committed for the purpose of financing all or
any part of the purchase price or the cost of construction or improvement of the equipment or other
property subject to such Liens; provided, however, that (a) the principal amount of
any Indebtedness secured by such a Lien does not exceed 100% of such purchase price or cost, (b)
such Lien does not extend to or cover any property other than such item of property or any
improvements on such item, and (c) the Incurrence of such Indebtedness is otherwise permitted by
this Indenture;

          (4) (a) Liens on property existing immediately prior to the time of acquisition thereof by the
Company or a Restricted Subsidiary (and not Incurred in anticipation of the financing of such
acquisition) and (b) Liens in respect of Acquired Indebtedness existing at the time of the
acquisition of the related assets by the Company or any of its Restricted Subsidiaries (provided
that such Liens do not extend to any assets of the Company or any of its Restricted Subsidiaries
other than the assets being acquired (and as long as such Liens were not Incurred in anticipation
of the financing of such asset acquisition));

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          (5) Liens to secure Indebtedness to extend, renew, refinance, or refund (or successive
extensions, renewals, refinancings, or refundings), in whole or in part, Indebtedness secured by
any Lien referred to in the foregoing clauses (1), (3) and (4) so long as such Lien does not extend
to any other property and the principal amount of
Indebtedness so secured is not increased except as otherwise permitted under clauses (b) or
(d) of the second paragraph of Section 10.08;

          (6) Liens on any Permitted Investment in Cooperative Bank Equity in favor of any Cooperative
Banks; or

          (7) any other Liens in respect of any Indebtedness, which Indebtedness does not exceed
$500,000 in the aggregate.

			
	           Section 10.13	 	Limitation on Transactions with Affiliates.

          The Company shall not, and shall not permit any Restricted Subsidiary to, make any payment to,
or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase
any property or assets from, or enter into or make or amend any transaction, contract, agreement,
understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate, other than
the Company or a Restricted Subsidiary (each of the foregoing transactions, an “Affiliate
Transaction”), unless:

               (a) such Affiliate Transaction is on terms that are no less favorable to the Company or the
relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction
by the Company or such Restricted Subsidiary with an unrelated Person; and

               (b) the Company delivers to the Trustee:

          (1) with respect to any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate consideration in excess of $7.5 million, a determination by the Board of
Directors of the Company set forth in a Board Resolution and an Officers’ Certificate certifying
that each such Affiliate Transaction complies with clause (a) above and that each such Affiliate
Transaction has been approved by a majority of the disinterested members of the Board of Directors
of the Company; and

          (2) with respect to any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate consideration in excess of $15.0 million, an opinion as to the fairness to the
Company of the financial terms of such Affiliate Transaction or series or related Affiliate
Transactions from a financial point of view issued by an accounting, appraisal or investment
banking firm of national standing.

          This Section 10.13 shall not limit, or be applicable to, any agreement in effect on the Issue
Date, and any amendments, extensions or renewals of any such agreement, so long as any such
amendment, extension or renewal is not materially more disadvantageous, taken as a whole, to the
Company or to any Restricted Subsidiary as the

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original agreement in effect on the Issue Date. In
addition, the following items will not be deemed to be Affiliate Transactions:

          (1) any employment, service or termination agreement entered into by the Company or any of its
Restricted Subsidiaries in the ordinary course of business;

          (2) transactions between or among the Company and/or its Restricted Subsidiaries;

          (3) transactions with a Person that is an Affiliate of the Company solely because the Company
owns Capital Stock in, or controls, such Person;

          (4) reasonable and customary fees and compensation paid to, and indemnity provided on behalf
of, officers, directors and employees of the Company or any Restricted Subsidiary of the Company,
as determined by the Board of Directors of the Company;

          (5) sales or issuances of Qualified Capital Stock to Affiliates or employees of the Company
and its Subsidiaries at Fair Market Value; and

          (6) Restricted Payments that are not prohibited by Section 10.10 and Permitted Investments.

			
	          Section 10.14	 	Limitation on Asset Sales and Sales of Subsidiary Stock.

          Following the Issue Date, the Company shall not, and shall not permit any Restricted
Subsidiary of the Company to engage in an Asset Sale unless (a) such Asset Sale is for Fair Market
Value, (b) at least 75% of the value of the consideration for such Asset Sale consists of (1) cash
or Cash Equivalents, (2) the assumption by the transferee (and release of the Company or the
relevant Restricted Subsidiary, as the case may be) of Senior Indebtedness of the Company or
Indebtedness of any Restricted Subsidiary, or (3) notes, obligations or other marketable securities
(collectively “Marketable Securities”) that are converted within 30 days after the
consummation of such Asset Sale into cash or Cash Equivalents and (c) the Net Cash Proceeds
therefrom are, at the Company’s option and, to the extent it so elects, applied on or prior to the
date that is 365 days after the date of such Asset Sale: (1) to the repayment of any Senior
Indebtedness (which payment permanently reduces the commitment thereunder); (2) to the repurchase
of the Securities or other Indebtedness of the Company ranking equal in right of payment to the
Securities or Indebtedness of any Restricted Subsidiary containing similar provisions with respect
to the repurchase of such Indebtedness with the net proceeds of asset sales, pursuant to an offer
to purchase (an “Asset Sale Offer”) described below; (3) to the making of capital
expenditures or other acquisitions of long-term assets (other than Capital Stock) that are used or
useful in a Wireless Communications Business that is owned wholly by the Company or any of its
Restricted Subsidiaries; (4) to the acquisition of all or substantially all of the assets of, or
Capital Stock representing a majority of the Voting Power of, an entity engaged primarily in a
Wireless Communications Business; or (5) any combination of the foregoing.

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          Notwithstanding the foregoing paragraph:

          (1) the conveyance, sale, transfer or other disposition of all or substantially all the assets
of the Company on a consolidated basis will be governed by the
provisions of Section 10.16 and/or the provisions of Article VIII and not by this Section
10.14;

          (2) any Restricted Subsidiary of the Company may convey, sell, lease, transfer or otherwise
dispose of any or all of its assets (upon voluntary liquidation or otherwise) to the Company or any
of its Wholly Owned Restricted Subsidiaries;

          (3) the Company and its Restricted Subsidiaries may, in the ordinary course of business, (A)
convey, sell, lease, transfer, assign or otherwise dispose of assets; provided that if such
conveyance, sale, lease, transfer, assignment or other disposition is to a Person other than a
Restricted Subsidiary, the consideration received reflects the Fair Market Value of such assets and
(B) exchange assets for either assets or equity interests in Wireless Communications Businesses;
provided that (a) the assets or equity interests received have a Fair Market Value substantially
equal to the assets exchanged and (b) the assets received by the Company are controlled by the
Company with respect to voting rights and day-to-day operations, or the equity interests received
by the Company represent a controlling interest in the total Voting Power and day-to-day operations
of a Person that is the issuer of such equity interests;

          (4) the Company and its Restricted Subsidiaries may make an exchange of assets where the
Company and/or its Restricted Subsidiaries receive consideration for such assets at least 75% of
which consists of (a) cash, (b) long-term assets (other than Capital Stock) at Fair Market Value
that are used or useful in a Wireless Communications Business or (c) any combination thereof (it
being understood that any net cash proceeds shall be treated as Net Cash Proceeds under clause (c)
of the preceding paragraph of this Section 10.14);

          (5) the Company and its Restricted Subsidiaries may sell, exchange or dispose of damaged, worn
out or other obsolete property in the ordinary course of business or other property no longer
necessary for the proper conduct of the business of the Company or any of its Restricted
Subsidiaries; and

          (6) in addition to Asset Sales permitted by the foregoing clauses (1) through (5), without
compliance with the restrictions set forth in the immediately preceding paragraph, the Company may
consummate any single Asset Sale or series of related Asset Sales with respect to assets the Fair
Market Value of which does not exceed $10.0 million in the aggregate after the Issue Date.

The Company may defer an Asset Sale Offer until the accumulated Net Cash Proceeds not applied to
the uses set forth in Subsections (c)(1) through (c)(5) in the first paragraph of this Section
10.14, exceed $10.0 million. Pending the final application of any such Net Cash Proceeds, the
Company may temporarily reduce revolving credit borrowings or

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otherwise invest such Net Cash
Proceeds in any manner that is not prohibited by this Indenture.

          An Asset Sale Offer shall remain open for a period of 20 Business Days following its
commencement and no longer, except to the extent that a longer period is required by applicable law
(the “Asset Sale Offer Period”). To the extent that any Senior Indebtedness of the Company
or Indebtedness of any Restricted Subsidiary requires the Company or that Subsidiary to make an
offer similar to an Asset Sale Offer, the Company and each such Restricted Subsidiary may make
simultaneous offers, with such offer to the Holders being limited to proceeds not used in such
Asset Sale offer to repurchase such Senior Indebtedness of the Company or Indebtedness of such
Restricted Subsidiary. In addition, the Company shall not make an asset sale offer for the
Existing Senior Subordinated Notes, the Senior Subordinated Exchange Debentures or the Additional
Senior Subordinated Exchange Debentures, unless it also makes an Asset Sale Offer for the
Securities. No later than five Business Days after the termination of the Asset Sale Offer Period
(the “Asset Sale Purchase Date”), the Company shall purchase the principal amount of
Securities required to be purchased pursuant to this Section 10.14 (the “Asset Sale Offer
Amount”) at a purchase price equal to 100% of the principal amount of the Securities plus
accrued and unpaid interest and Liquidated Damages, if any, to but excluding the date of the
purchase or, if less than the Asset Sale Offer Amount has been tendered, all Securities tendered in
response to the Asset Sale Offer.

          If the Asset Sale Purchase Date is on or after a Regular Record Date and on or before the
related Interest Payment Date, any accrued and unpaid interest will be paid to the Person in whose
name a Security is registered at the close of business on such Regular Record Date, and no
additional interest will be payable to Holders who tender Securities pursuant to the Asset Sale
Offer.

          On or before the Asset Sale Purchase Date, the Company shall, to the extent lawful, accept for
payment, on a pro rata basis to the extent necessary, the Asset Sale Offer Amount of Securities or
portions thereof tendered pursuant to the Asset Sale Offer, or if less than the Asset Sale Offer
Amount has been tendered, all Securities tendered, and shall deliver to the Trustee an Officers’
Certificate stating that such Securities or portions thereof were accepted for payment by the
Company in accordance with the terms of this covenant. The Company, the Depositary or the Paying
Agent, as the case may be, will promptly (but in any case not later than five days after the Asset
Sale Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price
of the Securities tendered by such Holder and accepted by the Company for purchase, and the Company
shall promptly issue new Securities, and the Trustee, upon written request from the Company, shall
authenticate and mail or deliver such new Securities to such Holder, in a principal amount equal to
any unpurchased portion of the Securities surrendered. Any Securities not so accepted shall be
promptly mailed or delivered by the Company to the Holder thereof. The Company shall publicly
announce the results of the Asset Sale Offer on the Asset Sale Purchase Date. Upon completion of
each Asset Sale Offer, the amount of accumulated Net Cash Proceeds not applied to the uses set
forth in subsections (c)(1) through (c)(5) in the first paragraph of this

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Section 10.14 shall be
reset to zero, and the Company and its Restricted Subsidiaries may use such amount not applied for
any purpose not otherwise prohibited by this Indenture.

          The Company shall comply, to the extent applicable, with the requirements of Section 14(e) of
the Exchange Act and any applicable other securities laws or regulations applicable to any Asset
Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with
the provisions of this Section 10.14, the Company will comply with the applicable securities laws
and regulations and will not be deemed to have breached its obligations under the provisions of
this Section 10.14 by virtue of such conflict; provided, that the Company shall not be
relieved of its obligation to make an offer to repurchase the Securities pursuant to this Section
10.14 by reason of such conflict.

			
	          Section 10.15	 	Limitation on Activities of the Company and its Restricted
Subsidiaries.

          The Company shall not, and shall not permit any Restricted Subsidiary to, engage in any
business other than the Telecommunications Business, except to the extent such business is not
material to the Company and its Restricted Subsidiaries, taken as a whole.

			
	           Section 10.16	 	Change of Control.

               (a) Upon the occurrence of a Change in Control, each Holder of a Security shall have the right
to request to have such Security repurchased by the Company on the terms and conditions set forth
in this Section 10.16 and this Indenture. The Company shall, within 30 days following the date of
the consummation of a transaction resulting in a Change of Control, mail to each Holder an Offer to
Purchase all Outstanding Securities at a purchase price in cash equal to 101% of the aggregate
principal amount thereof plus accrued and unpaid interest and Liquidated Damages, if any, to but
excluding the Purchase Date (a “Change of Control Offer”).

          The Company or a third party on its behalf may, but shall not be required to, satisfy the
Company’s obligations under this Section 10.16 by mailing such an Offer to Purchase prior to, and
contingent upon, the anticipated consummation of a transaction resulting in a Change of
Control; provided that the Company and any such third party shall comply with all
applicable laws and regulations, including Rule 14e-1 under the Exchange Act, and the Offer to
Purchase shall not close unless the transaction resulting in a Change of Control also occurs. A
Change of Control Offer shall remain open for a period of 20 Business Days following its
commencement and no longer, except to the extent that a longer period is required by applicable law
(the “Change of Control Offer Period”). No later than five Business Days after the
termination of the Change of Control Offer Period (the “Change of Control Purchase Date”),
the Company shall purchase all Securities tendered in response to the Change of Control Offer.
Payment for any Securities so purchased shall be made in the same manner as interest payments are
made.

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          If the Change of Control Purchase Date is on or after a Regular Record Date and on or before
the related Interest Payment Date, any accrued and unpaid interest, and Liquidated Damages, if any,
shall be paid to the Person in whose name a Security is registered at the close of business on such
Regular Record Date, and no additional interest
or Liquidated Damages will be payable to Holders who tender Securities pursuant to the Change
of Control Offer.

          On or before the Change of Control Purchase Date, the Company shall, to the extent lawful,
accept for payment all Securities or portions thereof tendered, and shall deliver to the Trustee an
Officers’ Certificate stating that such Securities or portions thereof were accepted for payment by
the Company in accordance with the terms of this Section 10.16. The Company, the Depositary or the
Paying Agent, as the case may be, shall promptly (but in any case not later than five days after
the Change of Control Purchase Date) mail or deliver to each tendering Holder an amount equal to
the purchase price of the Securities tendered by such Holder and accepted by the Company for
purchase, and the Company shall promptly issue new Securities, and the Trustee, upon written
request from the Company shall authenticate and mail or deliver such new Securities to such Holder,
in a principal amount equal to any unpurchased portion of the Securities surrendered. Any
Securities not so accepted will be promptly mailed or delivered by the Company to the Holder
thereof. The Company shall publicly announce the results of the Change of Control Offer on the
Change of Control Purchase Date.

               (b) The Company shall comply, to the extent applicable, with the requirements of Section 14(e)
of the Exchange Act and any other securities laws or regulations applicable to any Offer to
Purchase. To the extent that the provisions of any applicable securities laws or regulations
conflict with the provisions of this Section 10.16, the Company will comply with the applicable
securities laws and regulations and will not be deemed to have breached its obligations under the
provisions of this Section 10.16 by virtue of such conflict; provided, that the Company
shall not be relieved of its obligation to make an offer to repurchase the Securities pursuant to
this Section 10.16 by reason of such conflict.

               (c) The Company will not be required to make an Offer to Purchase upon a Change of Control if
a third party makes the Offer to Purchase in the manner, at the times and otherwise in compliance
with the requirements set forth in the Indenture applicable to an Offer to Purchase made by the
Company and purchases all Securities validly tendered and not withdrawn under such Offer to
Purchase.

			
	          Section 10.17	 	Limitation on Certain Indebtedness.

          The Company shall not Incur any Indebtedness that is subordinate in right of payment to any
other Indebtedness of the Company unless the Indebtedness so Incurred is either pari passu with, or
subordinate in right of payment to, the Securities.

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	 	 	 	Section 10.18 Statement by Officers as to Default; Compliance Certificates.

               (a) The Company shall deliver to the Trustee, within 90 days after the end of each fiscal
year, an Officers’ Certificate stating that a review of the activities of the Company, the
Restricted Subsidiaries and their respective Subsidiaries, as applicable, during the preceding
fiscal year has been made under the supervision of the signing officers with a view to determining
whether the Company and its Restricted Subsidiaries have kept, observed, performed and fulfilled
their obligations under this Indenture, and further stating, as to each such officer signing such
certificate, that to the best of his or her knowledge the Company and its Restricted Subsidiaries
have kept, observed, performed and fulfilled each and every covenant contained in this Indenture
and are not in default in the performance or observance of any of the terms, provisions and
conditions of this Indenture (or, if a Default or Event of Default shall have occurred, describing
all such Defaults or Events of Default of which he or she may have knowledge and what action the
Company and its Restricted Subsidiaries are taking or propose to take with respect thereto).

               (b) So long such practice is not contrary to the then current recommendations of the American
Institute of Certified Public Accountants, the year-end financial statements delivered pursuant to
Section 7.04(b)(i)(A) above shall be accompanied by a written statement of the Company’s
independent public accountants (who shall be a firm of established national reputation) that in
making the examination necessary for certification of such financial statements, nothing has come
to their attention that would lead them to believe that the Company or any Restricted Subsidiary
has violated any provisions of Article VIII or Article X hereof or, if any such violation has
occurred, specifying the nature and period of existence thereof, it being understood that such
accountants shall not be liable directly or indirectly to any Person for any failure to obtain
knowledge of any such violation.

               (c) The Company shall, so long as any of the Securities are outstanding, upon any officer of
the Company becoming aware of any Default or Event of Default, deliver to the Trustee, no later
than 10 days after such officer becomes aware of such Default or Event of Default, an Officers’
Certificate specifying such Default or Event of Default and what action the Company is taking or
proposes to take with respect thereto.

	 	 	 	Section 10.19 Waiver of Certain Covenants.

          The Company and its Restricted Subsidiaries may omit in any particular instance to comply with
any covenant or condition set forth in Sections 8.01, 10.14 and 10.16, if before the time for such
compliance the Holders of at least a majority in aggregate principal amount of the Outstanding
Securities, by Act of such Holders, either waive such compliance in such instance or generally
waive compliance with such covenant or condition, but no such waiver shall extend to or affect such
covenant or condition, except to the extent expressly waived, and, until such waiver becomes

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effective, the obligations of the Company and its Restricted Subsidiaries and the duties of
the Trustee in respect of any such covenant or condition shall remain in full force and effect;
provided, however, with respect to an Offer to Purchase as to which an Offer has
been mailed, no such waiver may be made or shall be effective against any Holders tendering
Securities pursuant to such Offer, and the Company may not omit to comply with the terms of such
Offer as to such Holder.

	 	 	 	Section 10.20 Payments for Consent.

          The Company shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder of
Securities for or as an inducement to, any consent, waiver or amendment of any of the terms or
provisions of this Indenture unless such consideration is offered to be paid and is paid to all
Holders of the Securities that consent, waive or agree to amend in the time frame set forth in the
solicitation documents relating to such consent, waiver or agreement.

	 	 	 	Section 10.21 Covenants upon Attainment and
Maintenance of an Investment Grade Rating.

               (a) The provisions of Sections 10.08, 10.09, 10.10, 10.11, 10.12, 10.13 and 10.14 (including,
to the extent applicable, those portions of such other sections in this Indenture which make
reference to provisions contained in Sections 10.08, 10.09, 10.10, 10.11, 10.12, 10.13 and 10.14)
shall not be applicable in the event, and only for so long as, the Securities are rated Investment
Grade and no Default or Event of Default has occurred and is continuing (a “Covenant
Suspension”).

               (b) In the event the Company’s obligations under this Indenture have been assumed or fully and
unconditionally guaranteed on a senior subordinated basis by a Person whose senior, unsecured
Indebtedness is rated Investment Grade, Section 7.04(b) shall not be applicable.

          In addition to the foregoing and notwithstanding any other provision of this Indenture, in the
event of a Covenant Suspension, whose duration is not less than six consecutive months, shall have
occurred but terminates because the Securities cease to be rated Investment Grade then:

          (1) All Indebtedness Incurred by the Company and its Restricted Subsidiaries during the
Covenant Suspension that would not have been permitted to be Incurred pursuant to Section 10.08,
had Section 10.08 been applicable during the Covenant Suspension, shall be deemed to be “Existing
Indebtedness.”

          (2) All Liens incurred by the Company and its Restricted Subsidiaries during the Covenant
Suspension that would not have been permitted to be incurred pursuant to Section 10.12, had Section
10.12 been applicable during the Covenant Suspension, shall be deemed to be “Existing Liens.”

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          (3) All Preferred Stock issued by the Company’s Restricted Subsidiaries during the Covenant
Suspension that would not have been permitted to be issued pursuant to Section 10.09, had such
section been applicable during the Covenant Suspension, shall be deemed to be “Existing Preferred
Stock.”

          (4) All Restricted Payments made by the Company or any of its Restricted Subsidiaries during
the Covenant Suspension that would not have been permitted to be Incurred pursuant to Section
10.10, had such section been applicable during the Covenant Suspension, shall not be deemed to
cause a Default or Event of Default pursuant to Section 10.10; provided, however,
that all Restricted Payments made during the Covenant Suspension shall count as Restricted Payments
for the calculation made under the first paragraph of Section 10.10.

          Section 10.22 Notification of Failure to Make an Asset Sale Offer or Change of Control
Offer.

          The Company shall promptly notify the Trustee in writing of any failure on its part to make or
consummate (i) an Asset Sale Offer in respect of the Securities as required by Section 10.14 or
(ii) a Change of Control Offer in respect of the Securities as required by Section 10.16.

ARTICLE XI

REDEMPTION OF SECURITIES

          Section 11.01 Right of Redemption.

          The Securities may be redeemed at the election of the Company, as a whole or from time to time
in part, at the Redemption Prices specified in the form of Security set forth in Article II
together with accrued and unpaid interest, and Liquidated Damages, if any, to but excluding the
Redemption Date.

          Section 11.02 Applicability of Article XI.

          Redemption of Securities at the election of the Company, as permitted by any provision of this
Indenture, shall be made in accordance with such provision and this Article XI.

          Section 11.03 Election to Redeem; Notice to Trustee.

          The election of the Company to redeem any Securities pursuant to Section 11.01 shall be
evidenced by a Board Resolution. In case of any redemption at the election of the Company of less
than all the Securities, the Company shall, at least 60 days prior to the Redemption Date fixed by
the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of
such Redemption Date and of the aggregate principal amount of Securities to be redeemed.

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          Section 11.04 Selection by Trustee of Securities to Be Redeemed.

          If less than all the Securities are to be redeemed at any time, the Trustee will select
Securities for redemption as follows: (1) if the Securities are listed on any securities exchange,
in compliance with the requirements of the principal securities exchange on which the Securities
are listed; or (2) if the Securities are not listed on any securities exchange, on a pro rata
basis, by lot or by such method as the Trustee deems fair and appropriate. In any proration
pursuant to this Section 11.04, the Trustee, subject to the rules of the Depositary, shall make
such adjustments, reallocations and eliminations as it shall deem proper (and in compliance with
the requirements of the principal national securities exchange, if any, on which the Securities are
listed) to the end that the principal amount of Securities so prorated shall be $1,000 or a
multiple thereof, by increasing or decreasing or eliminating the amount which would be allocable to
any Holder on the basis of exact proportion by an amount not exceeding $1,000.

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

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

          Section 11.05 Notice of Redemption.

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

          All notices of redemption shall state:

          (1) the Redemption Date;

          (2) the Redemption Price;

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

          (4) that on the Redemption Date the Redemption Price will become due and payable upon each
such Security to be redeemed and that interest, and Liquidated Damages, if any, thereon will cease
to accrue on and after said date; and

          (5) the place or places where such Securities are to be surrendered for payment of the
Redemption Price.

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          Notice of redemption of Securities to be redeemed at the election of the Company shall be
given (i) by the Company or, (ii) at the Company’s request, by the Trustee in the name and at the
expense of the Company; provided however, that in the case of clause (ii), the Company shall have
delivered to the Trustee, at least five Business Days prior to the date notice of redemption is to
be sent to the Holders, an Officers’ Certificate requesting that the Trustee give such notice and
setting forth the information to be stated in such notice as provided in the preceding paragraph.

          Section 11.06 Deposit of Redemption Price.

          On or before any Redemption Date, the Company shall deposit with the Trustee or with a Paying
Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 10.03) an amount of money sufficient to pay the Redemption Price of, and
(except if the Redemption Date is an Interest Payment Date) accrued and unpaid interest, and
Liquidated Damages, if any, on, all the Securities which are to be redeemed on that date.

          Section 11.07 Securities Payable on Redemption Date.

          If a notice of redemption has been given as aforesaid, the Securities to be redeemed shall, on
the Redemption Date, become due and payable at the Redemption Price therein specified, and from and
after such date (unless the Company defaults in the payment of the Redemption Price, accrued
interest, and Liquidated Damages) such Securities shall cease to bear interest or Liquidated
Damages. Upon surrender of any such Security for redemption in accordance with said notice, such
Security shall be paid by the Company at the Redemption Price, together with accrued interest, and
Liquidated Damages, if any, to, but excluding the Redemption Date; provided,
however, that installments of interest or Liquidated Damages, whose Stated Maturity is on
or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the relevant Record Dates
according to their terms and the provisions of Section 3.08.

          If any Security called for redemption is not so paid upon surrender thereof for redemption,
the principal (and premium, if any) shall, until paid, bear interest and Liquidated Damages, if
any, from the Redemption Date at the rate provided by the Security.

          Section 11.08 Securities Redeemed in Part.

          Any Security which is to be redeemed only in part shall be surrendered at any office or agency
of the Company designated for that purpose pursuant to Section 10.02 (with, if the Company or the
Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory
to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized
in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the
Holder of such Security without service charge, a new Security or Securities, of any authorized

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denomination as requested by such Holder, in aggregate principal amount equal to and in
exchange for the unredeemed portion of the principal of the Security so surrendered.

ARTICLE XII

SUBORDINATION OF SECURITIES

          Section 12.01 Securities Subordinate to Senior Indebtedness.

          The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof,
likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this
Article XII (subject to the provisions of Article IV and Article XIII), the payment of the
principal of (and premium, if any) and interest (and Liquidated Damages, if any), on each and all
of the Securities are hereby expressly made subordinate and subject in right of payment to the
prior payment in full of all Senior Indebtedness.

          Section 12.02 Payment Over of Proceeds Upon Dissolution, Etc.

          In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership,
liquidation, reorganization or other similar case or proceeding in connection therewith, relative
to the Company or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution
or other winding-up of the Company, whether voluntary or involuntary and whether or not involving
insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other
marshaling of assets and liabilities of the Company, then and in any such event specified in (a),
(b) or (c) above (each such event, if any, herein sometimes referred to as a “Proceeding”)
the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due
or to become due on or in respect of all Senior Indebtedness, or provision shall be made for such
payment in cash or Cash Equivalents or otherwise in a manner satisfactory to the holders of Senior
Indebtedness, before the holders of the Securities are entitled to receive any Securities Payment,
and to that end the holders of Senior Indebtedness shall be entitled to receive, for application to
the payment thereof, any Securities Payment which may be payable or deliverable in respect of the
Securities in any such Proceeding.

          In the event that, notwithstanding the foregoing provisions of this Section 12.02, the Trustee
or the Holder of any Security shall have received any Securities Payment before all Senior
Indebtedness is paid in full or payment thereof has been provided for in cash or Cash Equivalents
or otherwise in a manner satisfactory to the holders of Senior Indebtedness, and if such fact
shall, at or prior to the time of such Securities Payment, have been made known to the Trustee by
delivery to the Trustee of any notice set forth in Section 12.09 or, as the case may be, such
Holder, then and in such event such Securities Payment shall be paid over or delivered forthwith by
the Trustee (if any notice set forth in Section 12.09 has been delivered to the Trustee) or by the
Holder to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or
other Person making payment or distribution of assets of the Company (which may be the

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Administrative Agent) for application to the payment of all Senior Indebtedness remaining
unpaid, to the extent necessary to pay all Senior Indebtedness in full, after giving effect to any
concurrent payment or distribution to or for the holders of Senior Indebtedness.

          The consolidation of the Company with, or the merger of the Company into, another Person or
the liquidation or dissolution of the Company following the conveyance or transfer of all or
substantially all of its properties and assets as an entirety to another Person upon the terms and
conditions set forth in Article VIII shall not be deemed a Proceeding for the purposes of this
Section 12.02 if the Person formed by such consolidation or into which the Company is merged or the
Person which acquires by conveyance or transfer such properties and assets as an entirety, as the
case may be, shall, as a part of such consolidation, merger, conveyance or transfer, comply with
the conditions set forth in Article VIII.

          Section 12.03 No Payment When Senior Indebtedness in Default.

               (a) In the event that any Senior Payment Default shall have occurred and be continuing, or the
maturity of any Senior Indebtedness shall have been accelerated, then no Securities Payment shall
be made unless and until such Senior Payment Default shall have been cured or waived or shall have
ceased to exist and any acceleration of Senior Indebtedness shall have been rescinded or annulled.

               (b) In the event that any Senior Nonmonetary Default shall have occurred and be continuing,
then, upon the receipt by the Company and the Trustee of written notice of such Senior Nonmonetary
Default from a Person designated as a representative for the Designated Senior Indebtedness or, if
there is no outstanding Designated Senior Indebtedness, any holder of Senior Indebtedness, no
Securities Payment shall be made during the period (the “Payment Blockage Period”)
commencing on the date of such receipt of such written notice and ending on the earlier of (i) the
date on which such Senior Nonmonetary Default is cured or waived or has ceased to exist and any
acceleration of Senior Indebtedness is rescinded or annulled or the Senior Indebtedness to which
such Senior Nonmonetary Default relates is discharged or (ii) the 179th day after the date of such
receipt of such written notice. No more than one Payment Blockage Period may be commenced with
respect to the Securities during any 360-day period, and there shall be a period of at least 181
consecutive days in each 360-day period when no Payment Blockage Period is in effect. For all
purposes of this Section 12.03, no Senior Nonmonetary Default that was known to the holders of
Senior Indebtedness to exist or be continuing on the date of commencement of any Payment Blockage
Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period
by a representative for the Designated Senior Indebtedness or a holder of Senior Indebtedness
unless such Senior Nonmonetary Default shall have been cured for a period of not less than 90
consecutive days.

107

 

          Section 12.04 Payment Permitted If No Default.

          Nothing contained in this Article XII or elsewhere in this Indenture or in any of the
Securities shall prevent (a) the Company, at any time except during the pendency of any Proceeding
referred to in Section 12.02 or under the conditions described in Section 12.03, from making
Securities Payments, or (b) the application by the Trustee of any money deposited with it hereunder
to Securities Payments or the retention of such Securities Payments by the Holders, if, at the time
of such application by the Trustee, it had not received any notice set forth in Section 12.09.

          Section 12.05 Subrogation to Rights of Holders of Senior Indebtedness.

          Subject to the payment in full of all amounts due or to become due on or in respect of Senior
Indebtedness, or the provision for such payment in cash or Cash Equivalents or otherwise in a
manner satisfactory to the holders of Senior Indebtedness, the Holders of the Securities shall be
subrogated to the rights of the holders of such Senior Indebtedness to receive payments and
distributions of cash, property and securities applicable to the Senior Indebtedness until the
principal of (and premium, if any) and interest (and Liquidated Damages, if any), on the Securities
is paid in full. For purposes of such subrogation, no payments or distributions to the holders of
the Senior Indebtedness of any cash, property or securities to which the Holders of the Securities
or the Trustee would be entitled except for the provisions of this Article XII, and no payments
pursuant to the provisions of this Article XII to the holders of Senior Indebtedness by Holders of
the Securities or the Trustee, shall, as among the Company, its creditors other than holders of
Senior Indebtedness and the Holders of the Securities, be deemed to be a payment or distribution by
the Company to or on account of the Securities.

          Section 12.06 Provisions Solely to Define Relative Rights.

          The provisions of this Article XII are and are intended solely for the purpose of defining the
relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other
hand. Nothing contained in this Article XII or elsewhere in this Indenture or in the Securities is
intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior
Indebtedness and the Holders of the Securities, the obligation of the Company, which is absolute
and unconditional (and which, subject to the rights under this Article XII of the holders of Senior
Indebtedness, is intended to rank equally with all other general obligations of the Company), to
pay to the Holders of the Securities the principal of (and premium, if any), and interest and
Liquidated Damages, if any, on the Securities as and when the same become due and payable in
accordance with their terms; or (b) affect the relative rights against the Company of the Holders
of the Securities and creditors of the Company other than the holders of Senior Indebtedness; or
(c) prevent the Trustee or the Holder of any Security from exercising all remedies otherwise
permitted by applicable law upon default under this Indenture, subject to the rights, if any, under
this Article XII of the holders of Senior

108

 

Indebtedness to receive cash, property and securities otherwise payable or deliverable to the
Trustee or such Holder.

          Section 12.07 Trustee to Effectuate Subordination.

          Each Holder of a Security by his acceptance thereof authorizes and directs the Trustee on his
behalf to take such action as may be necessary or appropriate to effectuate the subordination
provided in this Article XII and appoints the Trustee his attorney-in-fact for any and all such
purposes.

          Section 12.08 No Waiver of Subordination Provisions.

          No right of any present or future holder of any Senior Indebtedness to enforce subordination
as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to
act on the part of the Company or by any act or failure to act, in good faith, by any such holder,
or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture,
regardless of any knowledge thereof any such holder may have or be otherwise charged with.

          Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Indebtedness may, at any time and from time to time, without the consent of or notice to the
Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the
Securities and without impairing or releasing the subordination provided in this Article XII or the
obligations hereunder of the Holders of the Securities to the holders of Senior Indebtedness, do
any one or more of the following: (i) change the manner, place or terms of payment or extend the
time of payment of, or renew or alter, Senior Indebtedness, or otherwise amend or supplement in any
manner Senior Indebtedness or any instrument evidencing the same or any agreement under which
Senior Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any
property pledged, mortgaged or otherwise securing Senior Indebtedness; (iii) release any Person
liable in any manner for the collection of Senior Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Company and any other Person.

          Section 12.09 Notice to Trustee.

          The Company shall give prompt written notice to the Trustee of any fact known to the Company
which would prohibit the making of any payment to or by the Trustee in respect of the Securities.
Notwithstanding the provisions of this Article XII or any other provision of this Indenture, the
Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the
making of any payment to or by the Trustee in respect of the Securities, unless and until the
Trustee shall have received written notice thereof from the Company or a holder of Senior
Indebtedness or from any trustee, representative or Administrative Agent therefor; and, prior to
the receipt of any such written notice, the Trustee, subject to the provisions of Section 6.01,
shall be entitled in all respects to assume that no such facts exist; provided,
however, that if the Trustee has not received the notice provided for in this Section 12.09
at least five Business Days

109

 

prior to the date upon which by the terms hereof any money may become payable for any purpose
(including, without limitation, the payment of the principal of or premium, interest or Liquidated
Damages on, any Security), then, anything herein contained to the contrary notwithstanding, the
Trustee shall have full power and authority to receive such money and to apply the same to the
purpose for which such money was received and shall not be affected by any notice to the contrary
which may be received by it within five Business Days prior to such date.

          Subject to the provisions of Section 6.01, the Trustee shall be entitled to rely on the
delivery to it of a written notice by a Person representing himself to be a holder of Senior
Indebtedness (or a trustee or Administrative Agent therefor) to establish that such notice has been
given by a holder of Senior Indebtedness (or a trustee or Administrative Agent therefor). In the
event that the Trustee determines in good faith that further evidence is required with respect to
the right of any Person as a holder of Senior Indebtedness to participate in any payment or
distribution pursuant to this Article XII, the Trustee may request such Person to furnish evidence
to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such
Person, the extent to which such Person is entitled to participate in such payment or distribution
and any other facts pertinent to the rights of such Person under this Article XII, and if such
evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such payment.

          Section 12.10 Reliance on Judicial Order or Certificate of Liquidating Agent.

          Upon any payment or distribution of assets of the Company referred to in this Article XII, the
Trustee, subject to the provisions of Section 6.01, and the Holders of the Securities shall be
entitled to rely upon any order or decree entered by any court of competent jurisdiction in which a
Proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating
trustee, custodian, assignee for the benefit of creditors, agent or other Person making such
payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose
of ascertaining the Persons entitled to participate in such payment or distribution, the holders of
the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable
thereon, the amount or amounts paid or distributed thereon, the amount or amounts paid or
distributed thereon and all other facts pertinent thereto or to this Article XII.

          Section 12.11 Trustee Not Fiduciary for Holders of Senior Indebtedness.

          The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior
Indebtedness, and it undertakes to perform and observe only such of its covenants and obligations
with respect to the Senior Indebtedness as are specifically set forth in this Indenture. No
implied covenants or obligations with respect to the Senior Indebtedness shall be read into this
Indenture against the Trustee and the Trustee shall not be liable to any such holders if it shall
in good faith mistakenly pay over or distribute to Holders of Securities or to the Company or to
any other Person cash, property or

110

 

securities to which any holders of Senior Indebtedness shall be entitled by virtue of this
Article XII or otherwise.

	 	 	 	Section 12.12 Rights of Trustee as Holder of Senior Indebtedness; Preservation
of Trustee’s Rights.

          The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article XII with respect to any Senior Indebtedness which may at any time be held by it, to the
same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive
the Trustee of any of its rights as such holder.

          Nothing in this Article XII shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 6.07.

	 	 	 	Section 12.13 Article XII Applicable to Paying Agents.

          In case at any time any Paying Agent other than the Trustee shall have been appointed by the
Company and be then acting hereunder, the term “Trustee” as used in this Article XII shall in such
case (unless the context otherwise requires) be construed as extending to and including such Paying
Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named
in this Article XII in addition to or in place of the Trustee; provided, however,
that Section 12.12 shall not apply to the Company or any Affiliate of the Company if it or such
Affiliate acts as Paying Agent.

	 	 	 	Section 12.14 Defeasance of this Article XII.

          The subordination of the Securities provided by this Article XII is expressly made subject to
the provisions for defeasance or covenant defeasance in Article XIII hereof and, anything herein to
the contrary notwithstanding, upon the effectiveness of any such defeasance or covenant defeasance,
the Securities then Outstanding shall thereupon cease to be subordinated pursuant to this Article
XII.

ARTICLE XIII

DEFEASANCE AND COVENANT DEFEASANCE

	 	 	 	Section 13.01 Company’s Option to Effect
Defeasance or Covenant Defeasance.

          The Company may at its option by Board Resolution, at any time, elect to have either Section
13.02 or Section 13.03 applied to the Outstanding Securities upon compliance with the conditions
set forth below in this Article XIII.

	 	 	 	Section 13.02 Defeasance and Discharge.

          Upon the Company’s exercise of the option provided in Section 13.01 applicable to this Section
13.02, the Company shall be deemed to have been discharged

111

 

from its obligations with respect to the Outstanding Securities, and the provisions of Article
XII hereof shall cease to be effective on the date the conditions set forth below are satisfied
(hereinafter, “defeasance”). For this purpose, such defeasance means that the Company
shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding
Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section
13.05 and the other Sections of this Indenture referred to in clauses (A) and (B) below, and to
have satisfied all its other obligations under such Securities and this Indenture insofar as such
Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging the same), except for the following which shall survive until otherwise
terminated or discharged hereunder: (A) the rights of Holders of such Securities to receive,
solely from the trust fund described in Section 13.04 and as more fully set forth in such Section,
payments in respect of the principal of (and premium, if any) Liquidated Damages, if any, and
interest on such Securities when such payments are due, (B) the Company’s obligations with respect
to such Securities under Sections 3.04, 3.05, 3.06, 3.07, 10.02 and 10.03, (C) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and (D) this Article XIII. Subject to
compliance with this Article XIII, the Company may exercise its option under this Section 13.02
notwithstanding the prior exercise of its option under Section 13.03.

          Section 13.03 Covenant Defeasance.

          Upon the Company’s exercise of the option provided in Section 13.01 applicable to this
Section, (i) the Company shall be released from its obligations under Sections 10.05 through 10.16,
inclusive and clauses (c), (d) and (e) of Section 8.01 hereof and (ii) the occurrence of an event
specified in Sections 5.01(c), 5.01(d) (with respect to clauses (a), (c), (d) or (e) of Section
8.01), 5.01(e) (with respect to any of Sections 10.05 through 10.16, inclusive), 5.01(f) and
5.01(g) shall not be deemed to be an Event of Default and (iii) the provisions of Article XII
hereof shall cease to be effective on and after the date all conditions set forth below are
satisfied (hereinafter, “covenant defeasance”). For this purpose, such covenant defeasance
means that the Company may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such Section, clause or Article or by reason of any
reference in any such Section, clause or Article to any other provision herein or in any other
document, but the remainder of this Indenture and such Securities shall be unaffected thereby.

          Section 13.04 Conditions to Defeasance or Covenant Defeasance.

          The following shall be the conditions to application of either Section 13.02 or Section 13.03
to the then Outstanding Securities:

               (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee
(or another trustee satisfying the requirements of Section 6.09 who shall agree to comply with the
provisions of this Article XIII applicable to it) as trust funds in trust for the purpose of making
the following payments, specifically

112

 

pledged as security for, and dedicated solely to, the benefit of the Holders of such
Securities, (A) money in an amount, or (B) U.S. Government Obligations which through the scheduled
payment of principal and interest in respect thereof in accordance with their terms, without the
need for reinvestment, will provide, not later than one day before the due date of any payment,
money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other
qualifying trustee) to pay and discharge, the principal of (and premium, if any) and each
installment of interest, if any, and Liquidated Damages, if any, on the Outstanding Securities on
the Stated Maturity of such principal or installment of interest or Liquidated Damages in
accordance with the terms of this Indenture and of such Securities. For this purpose, “U.S.
Government Obligations” means securities that are (x) direct obligations of the United States
of America for the payment of which its full faith and credit is pledged or (y) obligations of a
Person controlled or supervised by and acting as an agency or instrumentality of the United States
of America the payment of which is unconditionally guaranteed as a full faith and credit obligation
by the United States of America, which, in either case, are not callable or redeemable at the
option of the issuer thereof, and shall also include a depository receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such U.S.
Government Obligation or a specific payment of principal of or interest on any such U.S. Government
Obligation held by such custodian for the account of the holder of such depository receipt;
provided that (except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depository receipt from any amount received
by the custodian in respect of the U.S. Government Obligation or the specific payment of principal
of or interest on the U.S. Government Obligation evidenced by such depository receipt.

               (b) In the case of an election under Section 13.02, the Company shall have delivered to the
Trustee an Opinion of Counsel stating that (x) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling, or (y) since the date of this Indenture there
has been a change in the applicable federal income tax law, in either case to the effect that, and
based thereon such opinion shall confirm that, the Holders of the Outstanding Securities will not
recognize gain or loss for federal income tax purposes as a result of such deposit, defeasance and
discharge and will be subject to federal income tax on the same amount, in the same manner and at
the same times as would have been the case if such deposit, defeasance and discharge had not
occurred.

               (c) In the case of an election under Section 13.03, the Company shall have delivered to the
Trustee an Opinion of Counsel to the effect that the Holders of the Outstanding Securities will not
recognize gain or loss for federal income tax purposes as a result of such deposit and covenant
defeasance and will be subject to federal income tax on the same amount, in the same manner and at
the same times as would have been the case if such deposit, covenant defeasance and discharge had
not occurred.

113

 

               (d) The Company shall have delivered to the Trustee an Officers’ Certificate to the effect
that the Securities, if then listed on any securities exchange, will not be delisted as a result of
such deposit.

               (e) Such defeasance or covenant defeasance shall not cause the Trustee to have a conflicting
interest as defined in Section 6.08 and for purposes of the Trust Indenture Act with respect to any
securities of the Company.

               (f) No Default or Event of Default shall have occurred and be continuing on the date of such
deposit (other than an Event of Default resulting from the borrowing of funds to be applied to such
deposit) or, insofar as Section 5.01(h) is concerned, at any time during the period ending on the
91st day after the date of such deposit (it being understood that this condition shall not be
deemed satisfied until the expiration of such period).

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

               (h) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent relating to either the defeasance under Section
13.02 or the covenant defeasance under Section 13.03 (as the case may be) have been satisfied.

               (i) Such defeasance or covenant defeasance shall not result in the trust arising from such
deposit constituting an investment company as defined in the Investment Company Act of 1940, as
amended, or such trust shall be qualified under such act or exempt from regulation thereunder.

	 	 	 	Section 13.05 Deposited Money and U.S. Government Obligations to be Held in
Trust; Other Miscellaneous Provisions.

              Subject to the provisions of the last paragraph of Section 10.03, all money and U.S.
Government Obligations (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee — collectively, for purposes of this Section 13.05, the “Trustee”)
pursuant to Section 13.04 in respect of the Securities shall be held in trust and applied by the
Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent)
as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due
thereon in respect of principal (and premium, if any) or Liquidated Damages, if any, and interest,
but such money need not be segregated from other funds except to the extent required by law. Money
so held in trust shall not be subject to the provisions of Article XII.

              The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the U.S. Government Obligations deposited pursuant to Section 13.04 or the
principal and interest received in respect thereof other

114

 

than any such tax, fee or other charge which by law is for the account of the Holders of the
Outstanding Securities.

          Anything in this Article XIII to the contrary notwithstanding, the Trustee shall deliver or
pay to the Company from time to time upon Company Request any money or U.S. Government Obligations
held by it as provided in Section 13.04 which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof delivered to the
Trustee, are in excess of the amount thereof which would then be required to be deposited to effect
an equivalent defeasance or covenant defeasance.

          Section 13.06 Reinstatement.

          If the Trustee or the Paying Agent is unable to apply any money in accordance with Section
13.02 or 13.03 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 this Article XIII until such time as the Trustee or Paying Agent is permitted to apply
all such money in accordance with Section 13.02 or 13.03; provided, however, that
if the Company makes any payment of principal of (and premium, if any) or Liquidated Damages, if
any, or interest on any Security following the reinstatement of its obligations, the Company shall
be subrogated to the rights of the Holders of such Securities to receive such payment from the
money held by the Trustee or the Paying Agent.

115

 

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

	 	 	 	 	 	 	 
	 	 	RURAL CELLULAR CORPORATION  
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Wesley E. Schultz	 	 
	 

	 	Title:
	 	Executive Vice President &

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	WELLS FARGO BANK,
	 	 	NATIONAL ASSOCIATION
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	(Authorized Officer)	 	 

[Signature Page to Indenture]

116

 

Reconciliation and tie between Trust Indenture Act of 1939

and Indenture, dated as of November 7, 2005.

	 	 	 
	Trust Indenture	 	Indenture
	Act Section	 	Section
	  §310(a)(1)
	 	 6.09 
	          (a)(2)
	 	 6.09 
	          (a)(3)
	 	 Not applicable 
	          (a)(4)
	 	 Not applicable 
	          (a)(5)
	 	 6.08 
	 
	 	 6.09 
	          (b)
	 	 6.08 
	 
	 	 6.10 
	          (c)
	 	 Not applicable 
	  §311(a)
	 	 6.13 
	          (b)
	 	 6.13 
	          (c)
	 	 Not applicable 
	  §312(a)
	 	 7.01 
	 
	 	 7.02(a) 
	          (b)
	 	 7.02(b) 
	          (c)
	 	 7.02(c) 
	  §313(a)
	 	 7.03(a) 
	          (b)(1)
	 	 Not applicable 
	          (b)(2)
	 	 7.03(a) 
	          (c)
	 	 7.03(a) 
	 
	 	 1.06 
	          (d)
	 	 7.03(b) 
	  §314(a)
	 	 7.04 
	 
	 	 10.18 
	          (b)
	 	 Not applicable 
	          (c)(1)
	 	 1.02 
	          (c)(2)
	 	 1.02 
	          (c)(3)
	 	 Not applicable 
	          (d)
	 	 Not applicable 
	          (e)
	 	 1.02 
	  §315(a)
	 	 6.01 
	 
	 	 6.03 
	          (b)
	 	 6.02 
	 
	 	 1.06 
	          (c)
	 	 6.01(a) 
	          (d)
	 	 6.01(b) 
	          (e)
	 	 5.14 
	  §316(a)(last sentence)
	 	 1.01 
	          (a)(1)(A)
	 	 5.12 

A-1

 

	 	 	 
	Trust Indenture	 	Indenture
	Act Section	 	Section
	          (a)(1)(B)
	 	 5.13 
	          (a)(2)
	 	 Not applicable 
	          (b)
	 	 5.08 
	  §317(a)(1)
	 	 5.03 
	          (a)(2)
	 	 5.04 
	          (b)
	 	 10.03 
	  §318(a)
	 	 1.07 

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

A-2

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