Document:

exv4w1

 

Exhibit 4.1

 

INDYMAC BANCORP, INC.

TO

THE BANK OF NEW YORK,

Trustee

 

INDENTURE

Dated as of                     

 

Senior Debt Securities

 

 

 

INDYMAC BANCORP, INC.

Reconciliation and tie between Trust Indenture Act of 1939 and

Indenture, dated as of                     

	 	 	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	§ 310
	 	(a)(1)	 	609
	 
	 	(a)(2)	 	609
	 
	 	(a)(3)	 	Not Applicable
	 
	 	(a)(4)	 	Not Applicable
	 
	 	(a)(5)	 	609
	 
	 	(b)	 	608, 610
	 
	 	(c)	 	Not Applicable
	§ 311
	 	(a)	 	613
	 
	 	(b)	 	613
	§ 312
	 	(a)	 	702(b)
	 
	 	(b)	 	702(c)
	 
	 	(c)	 	703(a)
	§ 313
	 	(a)	 	703(a)
	 
	 	(b)	 	703(a)
	 
	 	(c)	 	703(a)
	 
	 	(d)	 	703(b)
	§ 314
	 	(a)	 	704, 1004
	 
	 	(b)	 	Not Applicable
	 
	 	(c)(1)	 	102
	 
	 	(c)(2)	 	102
	 
	 	(c)(3)	 	Not Applicable
	 
	 	(d)	 	Not Applicable
	 
	 	(e)	 	102
	§ 315
	 	(a)	 	601
	 
	 	(b)	 	602
	 
	 	(c)	 	601
	 
	 	(d)	 	601
	 
	 	(e)	 	514
	§ 316
	 	(a)	 	101
	 
	 	(a)(1)(A)	 	104(h), 502
	 
	 	 	 	512
	 
	 	 	 	104(h), 513
	 
	 	(a)(1)(B)	 	104(h), 513
	 
	 	(a)(2)	 	Not Applicable
	 
	 	(b)	 	508
	 
	 	(c)	 	104(h)
	§ 317
	 	(a)(1)	 	503
	 
	 	(a)(2)	 	504
	 
	 	(b)	 	1003
	§ 318
	 	(a)	 	107
	 
	 	(b)	 	107

 

 

EXHIBIT 4.1

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	ARTICLE ONE Definitions and Other Provisions of General Application	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 101.	 	Definitions	 	 	1	 
	 
	 	Section 102.	 	Compliance Certificates and Opinions	 	 	8	 
	 
	 	Section 103.	 	Form of Documents Delivered to Trustee	 	 	9	 
	 
	 	Section 104.	 	Acts of Holders	 	 	9	 
	 
	 	Section 105.	 	Notices, etc., to Trustee and Company	 	 	11	 
	 
	 	Section 106.	 	Notice to Holders; Waiver	 	 	11	 
	 
	 	Section 107.	 	Conflict with Trust Indenture Act	 	 	12	 
	 
	 	Section 108.	 	Effect of Headings and Table of Contents	 	 	13	 
	 
	 	Section 109.	 	Successors and Assigns	 	 	13	 
	 
	 	Section 110.	 	Separability Clause	 	 	13	 
	 
	 	Section 111.	 	Benefits of Indenture	 	 	13	 
	 
	 	Section 112.	 	Governing Law	 	 	13	 
	 
	 	Section 113.	 	Legal Holidays	 	 	13	 
	 
	 	Section 114.	 	Counterparts	 	 	13	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE TWO Debt Security Forms	 	 	14	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 201.	 	Forms Generally	 	 	14	 
	 
	 	Section 202.	 	Form of Trustee's Certificate of Authentication	 	 	14	 
	 
	 	Section 203.	 	Debt Securities in Global Form	 	 	14	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE THREE The Debt Securities	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 301.	 	Amount Unlimited; Issuance in Series	 	 	15	 
	 
	 	Section 302.	 	Denominations	 	 	18	 
	 
	 	Section 303.	 	Execution, Authentication, Delivery and Dating	 	 	18	 
	 
	 	Section 304.	 	Temporary Debt Securities	 	 	21	 
	 
	 	Section 305.	 	Registration; Registration of Transfer and Exchange	 	 	24	 
	 
	 	Section 306.	 	Mutilated, Destroyed, Lost and Stolen Debt Securities	 	 	27	 
	 
	 	Section 307.	 	Payment of Interest; Interest Rights Preserved	 	 	28	 
	 
	 	Section 308.	 	Persons Deemed Owners	 	 	30	 
	 
	 	Section 309.	 	Cancellation	 	 	30	 
	 
	 	Section 310.	 	Computation of Interest	 	 	31	 
	 
	 	Section 311.	 	Certification by a Person Entitled to Delivery of a Bearer Security 	 	 	31	 
	 
	 	Section 312.	 	Judgments	 	 	31	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE FOUR Satisfaction and Discharge	 	 	32	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 401.	 	Satisfaction and Discharge of Indenture	 	 	32	 

i

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 
	 	Section 402.	 	Application of Trust Money and Eligible Instruments	 	 	33	 
	 
	 	 	 	 	 	 	 	 
	ARTIC
	 	LE FIVE  Remedies	 	 	 	 	34	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 501.	 	Events of Default	 	 	34	 
	 
	 	Section 502.	 	Acceleration of Maturity; Rescission and Annulment	 	 	35	 
	 
	 	Section 503.	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	 	36	 
	 
	 	Section 504.	 	Trustee May File Proofs of Claim	 	 	37	 
	 
	 	Section 505.	 	Trustee May Enforce Claims without Possession of Debt Securities or Coupons	 	 	37	 
	 
	 	Section 506.	 	Application of Money Collected	 	 	38	 
	 
	 	Section 507.	 	Limitation on Suits	 	 	38	 
	 
	 	Section 508.	 	Unconditional Right of Holders to Receive Principal, Premium and Interest	 	 	39	 
	 
	 	Section 509.	 	Restoration of Rights and Remedies	 	 	39	 
	 
	 	Section 510.	 	Rights and Remedies Cumulative	 	 	39	 
	 
	 	Section 511.	 	Delay or Omission Not Waiver	 	 	39	 
	 
	 	Section 512.	 	Control by Holders of Debt Securities	 	 	40	 
	 
	 	Section 513.	 	Waiver of Past Defaults	 	 	40	 
	 
	 	Section 514.	 	Undertaking for Costs	 	 	40	 
	 
	 	Section 515.	 	Waiver of Stay or Extension Laws	 	 	41	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE SIX The Trustee	 	 	41	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 601.	 	Certain Duties and Responsibilities	 	 	41	 
	 
	 	Section 602.	 	Notice of Default	 	 	42	 
	 
	 	Section 603.	 	Certain Rights of Trustee	 	 	42	 
	 
	 	Section 604.	 	Not Responsible for Recitals or Issuance of Debt Securities	 	 	44	 
	 
	 	Section 605.	 	May Hold Debt Securities or Coupons	 	 	44	 
	 
	 	Section 606.	 	Money Held in Trust	 	 	44	 
	 
	 	Section 607.	 	Compensation and Reimbursement	 	 	44	 
	 
	 	Section 608.	 	Disqualification; Conflicting Interests	 	 	45	 
	 
	 	Section 609.	 	Corporate Trustee Required; Eligibility	 	 	45	 
	 
	 	Section 610.	 	Resignation and Removal; Appointment of Successor	 	 	45	 
	 
	 	Section 611.	 	Acceptance of Appointment by Successor	 	 	47	 
	 
	 	Section 612.	 	Merger, Conversion, Consolidation or Succession to Business	 	 	48	 
	 
	 	Section 613.	 	Preferential Collection of Claims Against Company	 	 	49	 
	 
	 	Section 614.	 	Authenticating Agent	 	 	49	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE SEVEN Holders’ Lists and Reports By Trustee and Company	 	 	50	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 701.	 	Company to Furnish Trustee Names and Addresses of Holders	 	 	50	 
	 
	 	Section 702.	 	Preservation of Information; Communications to Holders	 	 	51	 
	 
	 	Section 703.	 	Reports by Trustee	 	 	51	 
	 
	 	Section 704.	 	Reports by Company	 	 	51	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE EIGHT Consolidation, Merger, Conveyance, Transfer or Lease	 	 	52	 

ii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 
	 	Section 801.	 	Company May Consolidate, etc. Only on Certain Terms	 	 	52	 
	 
	 	Section 802.	 	Successor Corporation Substituted	 	 	52	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE NINE Supplemental Indentures	 	 	52	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 901.	 	Supplemental Indentures without Consent of Holders	 	 	52	 
	 
	 	Section 902.	 	Supplemental Indentures with Consent of Holders	 	 	54	 
	 
	 	Section 903.	 	Execution of Supplemental Indentures	 	 	55	 
	 
	 	Section 904.	 	Effect of Supplemental Indentures	 	 	55	 
	 
	 	Section 905.	 	Conformity with Trust Indenture Act	 	 	55	 
	 
	 	Section 906.	 	Reference in Debt Securities to Supplemental Indentures	 	 	55	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE TEN Covenants	 	 	56	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 1001.	 	Payment of Principal, Premium and Interest	 	 	56	 
	 
	 	Section 1002.	 	Maintenance of Office or Agency	 	 	56	 
	 
	 	Section 1003.	 	Money for Debt Securities Payments to Be Held in Trust	 	 	57	 
	 
	 	Section 1004.	 	[Reserved]	 	 	59	 
	 
	 	Section 1005.	 	Restrictions Upon Sale or Issuance of Capital Stock of	 	 	 	 
	 
	 	 	 	Certain Subsidiary Banks	 	 	59	 
	 
	 	Section 1006.	 	Payment of Additional Amounts	 	 	59	 
	 
	 	Section 1007.	 	Officers' Certificate as to Default	 	 	60	 
	 
	 	Section 1008.	 	Waiver of Certain Covenants	 	 	60	 
	 
	 	Section 1009.	 	Calculation of Original Issue Discount	 	 	61	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE ELEVEN Redemption of Debt Securities	 	 	61	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 1101.	 	Applicability of Article	 	 	61	 
	 
	 	Section 1102.	 	Election to Redeem; Notice to Trustee	 	 	61	 
	 
	 	Section 1103.	 	Selection by Trustee of Debt Securities to be Redeemed	 	 	61	 
	 
	 	Section 1104.	 	Notice of Redemption	 	 	62	 
	 
	 	Section 1105.	 	Deposit of Redemption Price	 	 	63	 
	 
	 	Section 1106.	 	Debt Securities Payable on Redemption Date	 	 	63	 
	 
	 	Section 1107.	 	Debt Securities Redeemed in Part	 	 	64	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE TWELVE Sinking Funds	 	 	64	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 1201.	 	Applicability of Article	 	 	64	 
	 
	 	Section 1202.	 	Satisfaction of Sinking Fund Payments with Debt Securities	 	 	64	 
	 
	 	Section 1203.	 	Redemption of Debt Securities for Sinking Fund	 	 	65	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE THIRTEEN Repayment at the Option of Holders	 	 	65	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 1301.	 	Applicability of Article	 	 	65	 
	 
	 	Section 1302.	 	Repayment of Debt Securities	 	 	65	 
	 
	 	Section 1303.	 	Exercise of Option; Notice	 	 	66	 
	 
	 	Section 1304.	 	Election of Repayment by Remarketing Entities	 	 	67	 
	 
	 	Section 1305.	 	Securities Payable on the Repayment Date	 	 	67	 

iii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	ARTICLE FOURTEEN Meetings of Holders of Debt Securities	 	 	67	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 1401.	 	Purposes for Which Meetings May Be Called	 	 	67	 
	 
	 	Section 1402.	 	Call, Notice and Place of Meetings	 	 	67	 
	 
	 	Section 1403.	 	Persons Entitled to Vote at Meetings	 	 	68	 
	 
	 	Section 1404.	 	Quorum; Action	 	 	68	 
	 
	 	Section 1405.	 	Determination of Voting Rights; Conduct and Adjournment of Meetings	 	 	69	 
	 
	 	Section 1406.	 	Counting Votes and Recording Action of Meetings	 	 	70	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE FIFTEEN Defeasance and Covenant Defeasance	 	 	70	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 1501.	 	Applicability of Article;
Company’s Option to Effect Defeasance or Covenant Defeasance	 	 	70	 
	 
	 	Section 1502.	 	Defeasanec and Discharge	 	 	71	 
	 
	 	Section 1503.	 	Covenant Defeasance	 	 	71	 
	 
	 	Section 1504.	 	Conditions to Defeasance or Covenant Defeasance	 	 	72	 
	 
	 	Section 1505.	 	Deposited Money and Eligibel Instruments to be Held in Trust; Other Miscellaneous Provisions	 	 	74	 
	 
	 	Section 1506.	 	Reinstatement	 	 	74	 
	 
	 	Section 1507.	 	Repayment to Company	 	 	75	 
	 
	 	Section 1508.	 	Indemnity for Eligible Instruments	 	 	75	 

iv

 

EXHIBIT 4.1

     INDENTURE (the “Indenture”) dated as of                     , between IndyMac Bancorp, Inc., a Delaware
corporation (hereinafter called the “Company”), having its principal place of business at 888 E.
Walnut Street, Pasadena, California 91101 and The Bank of New York (hereinafter called the
“Trustee”), a New York banking corporation duly organized and validly existing under the laws of
the state of New York having its Corporate Trust Office at 101 Barclay Street, New York, New York
10286.

RECITALS OF THE COMPANY

     The Company has duly authorized the execution and delivery, of this Indenture to provide for
the issuance from time to time of its debentures, notes, bonds and other evidences of indebtedness
(herein called the “Debt Securities”).

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

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     For and in consideration of the premises and the purchase of the Debt Securities of any series
created and issued on or after the date hereof by the Holders thereof, it is mutually covenanted
and agreed for the benefit of all Holders of such Debt Securities or of any such series, as
follows:

ARTICLE ONE

Definitions and Other Provisions

of General Application

     Section 101. Definitions

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

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

     (2) all other terms used herein which are defined in the Trust Indenture Act or by
Commission rule or regulation under the Trust Indenture Act, either directly or by reference
therein, as in force at the date as of which this instrument was executed, except as
provided in Section 905, have the meanings assigned to them therein;

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

1

 

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

     Certain terms used principally in Article Six are defined in that Article.

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

     “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any specified Person means the
power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities by contract or otherwise, and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

     “Authorized Newspaper” means a newspaper in an official language of the country of publication
or in the English language customarily published on each Business Day, whether or not published on
Saturdays, Sundays or holidays, and of general circulation in the place in connection with which
the term is used or in the financial community of such place. Where successive publications are
required to be made in Authorized Newspapers, the successive publications may be made in the same
or in different newspapers in the same city meeting the foregoing requirements and in each case on
any Business Day.

     “Bearer Security” means any Debt Security established pursuant to Section 201 which is payable
to bearer including, without limitation, unless the context otherwise indicates, a Debt Security in
global bearer form.

     “Board of Directors” means either the board of directors of the Company, or the executive or
any other committee of that board duly authorized to act in respect hereof.

     “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 and to be in full
force and effect on the date of such certification, and delivered to the Trustee. Where any
provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including
the establishment of any series of the Debt Securities and the forms and terms thereof), such
action may be taken by any committee of the Board or the Company or any officer or employee of the
Company authorized to take such action by a Board Resolution.

     “Business Day”, when used with respect to any Place of Payment, means any day which is not a
Saturday or Sunday and which is not a legal holiday or a day on which banking institutions or trust
companies in that Place of Payment are authorized or obligated by law or executive order to close.

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

2

 

     “CEDEL” or “CEDEL S.A.” means Centrale de Livraison de Valeurs Mobilieres S.A.

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

     “Company” means 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” and “Company Order” mean, respectively, except as otherwise provided in this
Indenture, a written request or order signed in the name of the Company by the Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President (any references to a Vice
President of the Company herein shall be deemed to include any Vice President of the Company
whether or not designated by a number or word or words added before or after the title “Vice
President”), the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller,
Secretary or an Assistant Secretary of the Company or by another officer of the Company duly
authorized to sign by a Board Resolution, and delivered to the Trustee.

     “Conversion Event” means the cessation of use of (i) a Foreign Currency (other than as
otherwise provided with respect to a Debt Security pursuant to Section 301) as provided by the
government of the country which issued such currency and for the settlement of transactions by a
central bank or other public institutions of or within the international banking community or (ii)
any currency unit (or composite currency) for the purposes for which it was established.

     “Corporate Trust Office” means the principal office of the Trustee at which at any particular
time its corporate trust business shall be administered, which office at the date of original
execution of this Indenture is located at 101 Barclay Street, New York, New York 10286.

     The term “corporation” includes corporations, associations, companies and business trusts.

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

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

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

     “Depositary” means, with respect to the Debt Securities of any series issuable or issued in
the form of a Global Security, the Person designated as Depositary by the Company pursuant to
Section 301 until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each person who is
then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as
used with respect to the Debt Securities of any such series shall mean the Depositary with respect
to the Debt Securities of that series.

3

 

     “Designated Currency” has the meaning specified in Section 312.

     “Dollar” or “$” means the coin or currency of the United States of America as at the time of
payment is legal tender for the payment of public and private debts.

     “ECU” means the European Currency Unit as defined and revised from time to time by the Council
of the European Communities.

     “Eligible Instruments” means monetary assets, money market instruments and securities that are
payable in Dollars only and essentially risk free as to collection of principal and interest,
including U.S. Government Obligations.

     “Euroclear” means Morgan Guarantee Trust Company of New York, Brussels Office, as operator of
the Euroclear System.

     “European Communities” means the European Economic Community, the European Coal and Steel
Community and the European Atomic Energy Community.

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

     “Exchange Rate” shall have the meaning specified as contemplated in Section 301.

     “Exchange Rate Agent” shall have the meaning specified as contemplated in Section 301.

     “Exchange Rate Officer’s Certificate”, with respect to any date for the payment of principal
of (and premium, if any) and interest on any series of Debt Securities, means a certificate setting
forth the applicable Exchange Rate and the amounts payable in Dollars and Foreign Currencies in
respect of the principal of (and premium, if any) and interest on Debt Securities denominated in
ECU, any other composite currency or Foreign Currency, and signed by the Chairman of the Board, a
Vice Chairman of the Board, the President, the Treasurer or any Assistant Treasurer of the Company
or the Exchange Rate Agent appointed pursuant to Section 301, and delivered to the Trustee.

     “Foreign Currency” means a currency issued by the government of any country other than the
United States of America.

     “Global Exchange Agent” has the meaning specified in Section 301.

     “Global Exchange Date” has the meaning specified in Section 304.

     “Global Security” means a Debt Security issued to evidence all or part of a series of Debt
Securities in accordance with Section 303.

     “Holder”, with respect to a Registered Security, means a Person in whose name such Registered
Security is registered in the Security Register and, with respect to a Bearer Security or a coupon,
means the bearer thereof.

4

 

     “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented, amended or restated by or pursuant to one or more indentures supplemental hereto
entered into pursuant to the applicable provisions hereof and, unless the context otherwise
requires, shall include the terms of a particular series of Debt Securities established as
contemplated by Section 301.

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

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

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

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

     “Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise
expressly provided in this Indenture) be an employee of or counsel for the Company, or who may be
other counsel, which is delivered to the Trustee.

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

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

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

     (ii) Debt Securities or portions thereof for whose payment or redemption money or
Eligible Instruments 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
Debt Securities and any coupons appertaining thereto; provided, however, that if such Debt
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

5

 

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

provided, however, that in determining whether the Holders of the requisite principal amount of
Debt Securities Outstanding have given any request, demand, authorization, direction, notice,
consent or waiver hereunder. Debt Securities owned by the Company or any other obligor upon the
Debt 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 such request, demand, authorization, direction, notice, consent or waiver, only Debt
Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so
disregarded. Debt 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 Debt Securities and that the pledgee is not the Company or any other
obligor upon the Debt Securities or any Affiliate of the Company or of such other obligor.

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

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

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

     “Predecessor Security” of any particular Debt Security means every previous Debt Security
evidencing all or a portion of the same debt as that evidenced by such particular Debt Security;
and, for the purposes of this definition, any Debt Security authenticated and delivered under
Section 306 in lieu of a lost, destroyed or stolen Debt Security shall be deemed to evidence the
same debt as the lost, destroyed or stolen Debt Security.

     “Principal Subsidiary Bank” means any Subsidiary Bank at the time having total assets as set
forth in its most recent statement of condition equal to more than 50% of the total consolidated
assets of the Company and its Subsidiaries determined on a consolidated basis from the Company’s
most recent financial statements filed with the Commission pursuant to the Securities Exchange Act
of 1934.

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

     “Registered Security” means any Debt Security in the form of Registered Securities established
pursuant to Section 201 which is registered in the Security Register.

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

     “Remarketing Entity”, when used with respect to Debt Securities of any series which are
repayable at the option of the Holders thereof before their Stated Maturity, means any person
designated by the Company to purchase any such Debt Securities.

     “Repayment Date”, when used with respect to any Debt Security to be repaid upon exercise of an
option for repayment by the Holder, means the date fixed for such repayment pursuant to this
Indenture.

     “Repayment Price”, when used with respect to any Debt Security to be repaid upon exercise of
an option for repayment by the Holder, means the price at which it is to be repaid pursuant to this
Indenture.

     “Responsible Officer” when used with respect to the Trustee, means any vice president, any
assistant vice president, any senior trust officer or assistant trust officer, any trust officer,
or any other officer associated with the corporate trust department of the Trustee customarily
performing functions similar to those performed by any of the above designated officers and also
means, with respect to a particular corporate trust matter, any other officer to whom such matter
is referred because of such person’s knowledge of and familiarity with the particular subject.

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

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

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

     “Subsidiary’” means any corporation more than 50% of the outstanding shares of Voting Stock,
except for directors’ qualifying shares, of which shall at the time be owned, directly or
indirectly, by the Company or by one or more of the Subsidiaries, or by the Company and one or more
other Subsidiaries.

     “Subsidiary Bank” means any savings association, commercial bank or trust company organized in
the United States under Federal or state law, at least a majority of the shares of the Voting Stock
of which shall at the time be owned directly or indirectly, by the Company or by one or more
Subsidiaries or by the Company and one or more Subsidiaries.

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

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

     “United States” means the United States of America (including the District of Columbia) and
its possessions.

     “United States Alien” means any Person who, for United States Federal income tax purposes, is
a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign
estate or trust, or a foreign partnership one or more of the members of which is, for United States
Federal income tax purposes, a foreign corporation, a non-resident alien individual or a
non-resident alien fiduciary of a foreign estate or trust.

     “U.S. Government Obligations” means direct obligations of the United States for the payment of
which its full faith and credit is pledged or obligations of a person controlled or supervised by
and acting as an agency or instrumentality of the United States the timely payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States, and shall
also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities
Act of 1933, as amended) 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.

     “Voting Stock”, as applied to the stock (or the equivalent thereof) of any corporation, means
stock (or the equivalent thereof) of any class or classes, however designated, having ordinary
voting power for the election of a majority of the directors of such corporation, other than stock
(or such equivalent) having such power only by reason of the happening of a contingency.

Section 102. Compliance Certificates and Opinions.

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

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     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 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, in the opinion of each such individual, such condition
or covenant has been complied with.

     Section 103. Form of Documents Delivered to Trustee.

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

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

          (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by an agent
duly appointed in writing. If Debt Securities of a series are issuable in
whole or in part as Bearer Securities, any request, demand, authorization, direction, notice,

9

 

consent, waiver or other action provided by this Indenture to be given or taken by Holders may,
alternatively, be embodied in and evidenced by the record of Holders of Debt Securities voting in
favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders
of Debt Securities duly called and held in accordance with the provisions of Article Fourteen, or a
combination of such instruments and any such record. Except as herein otherwise expressly provided,
such action shall become effective when such instrument or instruments or record or both are
delivered to the Trustee, and, where it is hereby expressly required, to the Company. Such
instrument or instruments and any such record (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or
instruments and so voting at any such meeting. Proof of execution of any such instrument or of a
writing appointing any such agent, or the holding by any Person of a Debt Security shall be
sufficient for any purpose of this Indenture and (subject to Section 601) conclusive in favor of
the Trustee and the Company, if made in the manner provided in this Section. The record of any
meeting of Holders of Debt Securities shall be proved in the manner provided in Section 1406.

          (b) The fact and date of the execution by any Person of any such instrument or writing may be
proved in any manner which the Trustee deems sufficient.

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

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

          (e) The fact and date of execution of any such instrument or writing, the authority of the
Person executing the same and the principal amount and serial numbers of Bearer Securities held by
the Person so executing such instrument or writing and the date of holding the same may also be
proved in any other manner which the Trustee deems sufficient; and the Trustee may in any instance
require further proof with respect to any of the matters referred to in this Section.

          (f) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the
Holder of any Debt Security shall bind every future holder of the same Debt Security and the Holder
of every Debt Security issued upon the registration of transfer thereof or
in exchange therefor or in lieu thereof in respect of anything done, suffered or omitted by
the

10

 

Trustee or the Company in reliance thereon, whether or not notation of such action is made upon
such Debt Security.

          (g) For purposes of determining the principal amount of Outstanding Debt Securities of any
series of Holders of which are required, requested or permitted to give any request, demand,
authorization, direction, notice, consent, waiver or take any other Act under this Indenture, (i)
each Original Issue Discount Security shall be deemed to have the principal amount determined by
the Trustee that could be declared to be due and payable pursuant to the terms of such Original
Issue Discount Security as of the date there is delivered to the Trustee and, where it is hereby
expressly required, to the Company, such Act by Holders of the required aggregate principal amount
of the Outstanding Debt Securities of such series and (ii) each Debt Security denominated in a
Foreign Currency or composite currency shall be deemed to have the principal amount determined by
the Exchange Rate Agent by converting the principal amount of such Debt Security in the currency in
which such Debt Security is denominated into Dollars at the Exchange Rate as of the date such Act
is delivered to the Trustee and, where it is hereby expressly required, to the Company, by Holders
of the required aggregate principal amount of the Outstanding Debt Securities of such series (or,
if there is no such rate on such date, such rate on the date determined as specified as
contemplated in Section 301).

          (h) The Company may set a record date for purposes of determining the identity of Holders of
Debt Securities of any series entitled to vote or consent to any action by vote or consent
authorized or permitted by Section 512 or Section 513. Such record date shall be the later of 30
days prior to the first solicitation of such consent or the date of the most recent list of Holders
of such Debt Securities furnished to the Trustee pursuant to Section 701 prior to such
solicitation.

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

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

     (1) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided), if made, given, furnished or filed
in writing (which may be via original or facsimile) to or with the Trustee at its Corporate
Trust Office and which shall be deemed delivered when actually received by a Responsible
Officer of the Trustee, or

     (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to the Company addressed to the attention of its Secretary 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 106. Notice to Holders; Waiver.

     Except as otherwise expressly provided herein, where this Indenture provides for notice to
Holders of any event, (1) such notice shall be sufficiently given to Holders of Registered

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Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered
Security affected by such event, at such Holder’s address as it appears in the Security Register,
not later than the latest date, and not earlier than the earliest date, prescribed for the giving
of such notice; and (2) such notice shall be sufficiently given to Holders of Bearer Securities by
publication thereof in an Authorized Newspaper in The City of New York and, if the Debt Securities
of such series are then listed on The International Stock Exchange of the United Kingdom and the
Republic of Ireland and such stock exchange shall so require, in London, and, if the Debt
Securities of such series are then listed on the Luxembourg Stock Exchange and such stock exchange
shall so require, in Luxembourg and, if the Debt Securities of such series are then listed on any
other stock exchange outside the United States and such stock exchange shall so require, in any
other required city outside the United States or, if not practicable, in Europe on a Business Day
at least twice, the first such publication to be not later than the latest date and not earlier
than the earliest date prescribed for the giving of such notice.

     In case, by reason of the suspension of or irregularities in regular mail service or for any
other reason, it, shall be impossible or impracticable to mail notice of any event to Holders when
said notice is required to be given pursuant to any provision of this Indenture or of the Debt
Securities, then any manner of giving such notice as shall be satisfactory to the Trustee shall be
deemed to be a sufficient giving of such notice. In any case where notice to Holders of Registered
Securities is to be given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of
such notice with respect to other Holders of Registered Securities or the sufficiency of any notice
by publication to Holders of Bearer Securities given as provided above.

     In case, by reason of the suspension of publication of any Authorized Newspaper, or by reason
of any other cause, it shall be impossible or impracticable to make publication of any notice to
Holders of Bearer Securities as provided above, then such method of publication or notification as
shall be made with the approval of the Trustee shall constitute a sufficient publication of such
notice. Neither failure to give notice by publication to Holders of Bearer Securities as provided
above, nor any defect in any notice so published, shall affect the sufficiency of any notice mailed
to Holders of Registered Securities as provided above.

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

     Any request, demand, authorization, direction, notice, consent, election, waiver or other Act
required or permitted under this Indenture shall be in the English language, except that any
published notice may be in an official language of the country of publication.

     Section 107. Conflict with Trust Indenture Act.

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

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     Section 108. Effect of Headings and Table of Contents.

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

     Section 109. Successors and Assigns.

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

     Section 110. Separability Clause.

     In case any provision in this Indenture or in the Debt Securities or coupons 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 111. Benefits of Indenture.

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

     Section 112. Governing Law.

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

     Section 113. Legal Holidays.

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

     Section 114. Counterparts.

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

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ARTICLE TWO

Debt Security Forms

     Section 201. Forms Generally.

     The Registered Securities, if any, and the Bearer Securities and related coupons, if any, of
each series shall be in substantially the form (including temporary or permanent global form) as
shall be established in or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or
other marks of identification and such legends or endorsements placed thereon, as may be required
to comply with the rules of any securities exchange, or as may, consistently herewith, be
determined by the officers executing such Debt Securities or coupons, as evidenced by their
signatures on the Debt Securities or coupons. If the form of Debt Securities of any series or
coupons (including any such Global Security) is established by action taken pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or
an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of
the Company Order contemplated by Section 303 for the authentication and delivery of such Debt
Securities or coupons.

     Unless otherwise specified as contemplated by Section 301, Debt Securities in bearer form
other than Debt Securities in temporary or permanent global form shall have coupons attached.

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

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

     This is one of the Debt Securities, of the series designated herein, described in the
within-mentioned Indenture.

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK	 	 
	 
	 	 	 	 	 	 
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Signatory
	 	 
	 
	 	 	 	 	 	 
	 

	 	Dated:	 	 	 	 
	 

	 	 	 	 

	 	 

     Section 203. Debt Securities in Global Form.

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     If Debt Securities of a series are issuable in whole or in part in global form, as specified
as contemplated by Section 301, then, notwithstanding clause (10) of Section 301 and the provisions
of Section 302, such Global Security shall represent such of the outstanding Debt Securities of
such series as shall be specified therein and may provide that it shall represent the aggregate
amount of Outstanding Debt Securities from time to time endorsed thereon and that the aggregate
amount of Outstanding Debt Securities represented thereby may from time to time be reduced to
reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or
decrease in the amounts, of Outstanding Debt Securities represented thereby shall be made in such
manner and upon instructions given by such Person or Persons as shall be specified therein or in
the Company Order to be delivered to the Trustee pursuant to Section 303 or Section 304.

     The provisions of the last sentence of Section 303(g) shall apply to any Debt Securities
represented by a Debt Security in global form if such Debt Security was never issued and sold by
the Company and the Company delivers to the Trustee the Debt Security in global form together with
written instructions (which need not comply with Section 102 and need not be accompanied by an
Opinion of Counsel) with respect to the reduction in the principal amount of Debt Securities
represented thereby, together with the written statement contemplated by the last sentence of
Section 303(g).

     Global Securities may be issued in either registered or bearer form and in either temporary or
permanent form.

ARTICLE THREE

The Debt Securities

     Section 301. Amount Unlimited; Issuance in Series.

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

     The Debt Securities may be issued in one or more series. There shall be established in or
pursuant to a Board Resolution, and set forth in an Officers Certificate, or established in one or
more indentures supplemental hereto, prior to the issuance of Debt Securities of any series:

     (1) the title of the Debt Securities of the series and the CUSIP numbers (which shall
distinguish the Debt Securities of the series from all other Debt Securities), if available
at the time the series is established;

     (2) the limit, if any, upon the aggregate principal amount of the Debt Securities of
the series which may be authenticated and delivered under this Indenture (except for Debt
Securities authenticated and delivered upon registration of transfer of, or in exchange for,
or in lieu of, other Debt Securities of the series pursuant to Section 304, 305, 306, 906,
1107 or 1303 and except for any Debt Securities which, pursuant to Section 303, are deemed
never to have been authenticated and delivered hereunder);

15

 

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

     (4) the rate or rates, if any, at which the Debt Securities of the series shall bear
interest, or the method or methods by which such rate or rates may be determined, the date
or dates from which such interest shall accrue, the Interest Payment Dates on which such
interest shall be payable, the Regular Record Date for the interest payable on any
Registered Security on any Interest Payment Date and the circumstances, if any, in which the
Company may defer interest payments;

     (5) the place or places where, subject to the provisions of Section 1002, the principal
of (and premium, if any) and interest on Debt Securities of the series shall be payable, any
Registered Securities of the series may be surrendered for registration of transfer, Debt
Securities of the series may be surrendered for exchange and notices and demands to or upon
the Company in respect of the Debt Securities of the series and this Indenture may be served
and where notices to Holders pursuant to Section 106 will be published;

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

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

     (8) whether Debt Securities of the series are to be issuable as Registered Securities,
Bearer Securities or both, whether Debt Securities of the series are to be issuable with or
without coupons or both and, in the case of Bearer Securities, the date as of which such
Bearer Securities shall be dated if other than the date of original issuance of the first
Debt Security of such series of like tenor and term to be issued;

     (9) whether the Debt Securities of the series shall be issued in whole or in part in
the form of a Global Security or Securities and, in such case, the Depositary and
Global Exchange Agent for such Global Security or Securities, whether such global form
shall be permanent or temporary and, if applicable, the Global Exchange Date;

     (10) if Debt Securities of the series are to be issuable initially in the form of a
temporary Global Security, the circumstances under which the temporary Global Security can
be exchanged for definitive Debt Securities and whether the definitive Debt Securities will
be Registered and/or Bearer Securities and will be in global form and whether interest in
respect of any portion of such Global Security payable in respect of an Interest Payment
Date prior to the Global Exchange Date shall be paid to any clearing organization with
respect to a portion of such Global Security held for its account and, in

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such event, the
terms and conditions (including any certification requirements) upon which any such interest
payment received by a clearing organization will be credited to the Persons entitled to
interest payable on such Interest Payment Date if other than as provided in this Article
Three;

     (11) whether, and under what conditions, additional amounts will be payable to Holders
of Debt Securities of the series pursuant to Section 1006;

     (12) the denominations in which any Registered Securities of the series shall be
issuable, if other than denominations of $1,000 and any integral multiple thereof, and the
denominations in which any Bearer Securities of such series shall be issuable, if other than
the denomination of $5,000;

     (13) if other than the principal amount thereof, the portion of the principal amount of
Debt Securities of the series which shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 502;

     (14) the currency or currencies of denomination of the Debt Securities of any series,
which may be in Dollars, any Foreign Currency or any composite currency, including but not
limited to the ECU, and, if any such currency of denomination is a composite currency other
than the ECU, the agency or organization, if any, responsible for overseeing such composite
currency;

     (15) the currency or currencies in which payment of the principal of (and premium, if
any) and interest on the Debt Securities will be made, the currency or currencies, if any,
in which payment of the principal of (and premium, if any) or the interest on Registered
Securities, at the election of each of the Holders thereof, may also be payable and the
periods within which and the terms and conditions upon which such election is to be made and
the Exchange Rate and Exchange Rate Agent;

     (16) if the amount of payments of principal of (and premium, if any) or interest on the
Debt Securities of the series may be determined with reference to an index based on a
currency or currencies other than that in which the Debt Securities are denominated or
designated to be payable, the manner in which such amounts shall be determined;

     (17) if payments of principal of (and premium, if any) or interest on the Debt
Securities of the series are to be made in a Foreign Currency other than the currency in
which such Debt Securities are denominated, the manner in which the Exchange Rate
with respect to such payments shall be determined or if the Exchange Rate is to be
determined otherwise than as provided in Section 101;

     (18) any Events of Default with respect to Debt Securities of such series, if not set
forth herein;

     (19) any other covenant or warranty included for the benefit of the Debt Securities of
the series in addition to (and not inconsistent with) those set forth herein for the benefit
of Debt Securities of all series, or any other covenant or warranty included for the benefit
of Debt Securities of the series in lieu of any covenant or warranty set forth

17

 

herein for the benefit of Debt Securities of all series, or any provision that any covenant or warranty
set forth herein for the benefit of Debt Securities of all series shall not be for the
benefit of Debt Securities of such series, or any combination of such covenants, warranties
or provisions and whether the provisions of Section 1008 will not apply such covenants and
warranties;

     (20) the terms and conditions, if any, pursuant to which the Company’s obligations
under this Indenture may be terminated through the deposit of money or Eligible Instruments
as provided in Articles Four and Fifteen;

     (21) the Person or Persons who shall be Security Registrar for the Debt Securities of
such series if other than the Trustee, and the place or places where the Security Register
for such series shall be maintained and the Person or Persons who will be the initial Paying
Agent or Agents, if other than the Trustee; and

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

     All Debt Securities of any one series and the coupons appertaining to Bearer Securities of
such series, if any, shall be substantially identical except, in the case of Registered Securities,
as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution
and set forth in such Officers’ Certificate or in any such indenture supplemental hereto.

     Debt Securities of any particular series may, be issued at various times, with different dates
on which the principal or any installment of principal is payable, with different rates of
interest, if any, or different methods by which rates of interest may be determined, with different
dates on which such interest may be payable and with different Redemption or Repayment Dates and
may be denominated in different currencies or payable in different currencies.

     If any of the terms of a series of Debt Securities are established by action taken pursuant to
a Board Resolution, a copy of an appropriate record of such action shall be certified by the
Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Officers’ Certificate setting forth the terms of the series.

     Section 302. Denominations.

     Debt Securities of each series shall be issuable in such form and denominations as shall be
specified in the form of Debt Security for such series approved or established pursuant to Section
201 or in the Officers’ Certificate delivered pursuant to Section 301. In the absence of any
specification with respect to the Debt Securities of any series, the Registered Securities of such
series, if any, shall be issuable in denominations of $1,000 and any integral multiple thereof and
the Bearer Securities of such series, if any, shall be issuable in the denominations of $5,000.

     Section 303. Execution, Authentication, Delivery and Dating.

          (a) The Debt Securities shall be executed on behalf of the Company by its Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President, and by

18

 

its Treasurer or one
of its Assistant Treasurers or its Secretary or one of its Assistant Secretaries under its
corporate seal reproduced thereon. The signature of any of these officers on the Debt Securities
may be manual or facsimile. Coupons shall bear the facsimile signature of an authorized officer of
the Company.

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

          (b) At any time and from time to time after the execution and delivery of this Indenture, Debt
Securities of any series may be executed by the Company and delivered to the Trustee for
authentication, and, except as otherwise provided in this Article Three, shall thereupon be
authenticated and delivered by the Trustee upon Company Order, without any further action by the
Company; provided, however, that, in connection with its original issuance, a Bearer Security may
be delivered only outside the United States and, except in the case of a temporary Global Security,
only if the Company or its agent shall have received the certification required pursuant to
Sections 304(b)(iii) and (iv), unless such certification shall have been provided earlier pursuant
to Section 304(b)(v) hereof, and only if the Company has no reason to know that such certification
is false.

     To the extent authorized in or pursuant to a Board Resolution and set forth in an Officers
Certificate, or established in one or more indentures supplemental hereto, such written Company
Order may be given by any one officer or employee of the Company, may be electronically
transmitted, and may provide instructions as to registration of holders, principal amounts, rates
of interest, maturity dates and other matters contemplated by such Board Resolution and Officers’
Certificate or supplemental indenture to be so instructed in respect thereof. Before authorizing
and delivering the first Debt Securities of any series (and upon request of the Trustee
thereafter), the Company shall deliver to the Trustee (i) the certificates called for under
Sections 201 and 301 hereof and (ii) an Opinion of Counsel described in the next sentence.

     In authenticating such Debt Securities, and accepting the additional responsibilities under
this Indenture in relation to any Debt Securities, the Trustee shall be entitled to receive, prior
to the initial authentication of such Debt Securities, and (subject to Section 601) shall be
fully protected in relying upon:

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

     (ii) an executed supplemental indenture, if any, relating thereto;

     (iii) an Officers’ Certificate setting forth the form and terms of the Debt Securities
of such series and coupons, if any, pursuant to Sections 201 and 301 and stating that all
conditions precedent provided for in this Indenture relating to the issuance of such Debt
Securities have been complied with; and

19

 

     (iv) an Opinion of Counsel stating

     (A) that the form of such Debt Securities and coupons, if any, has been
established in or pursuant to a Board Resolution or by a supplemental indenture as
permitted by Section 201 in conformity with the provisions of this Indenture;

     (B) that the terms of such Debt Securities and coupons, if any, have been
established in or pursuant to a Board Resolution or by a supplemental indenture as
permitted by Section 301 in conformity with the provisions of this Indenture; and

     (C) that such Debt Securities and coupons, if any, when authenticated and
delivered by, the Trustee and issued by the Company in the manner and subject to any
conditions specified in such Opinion of Counsel, will constitute legal, valid and
binding obligations of the Company, enforceable in accordance with their terms,
subject, as to enforcement of remedies, to applicable bankruptcy, reorganization,
insolvency, moratorium or other laws affecting creditors’ rights generally and the
application of general principles of equity and except further as enforcement
thereof may be limited by (i) requirements that a claim with respect to any Debt
Securities denominated other than in Dollars (or a Foreign Currency or currency unit
judgment in respect of such claim) be converted into Dollars at a rate of exchange
prevailing on a date determined pursuant to applicable law or (ii) governmental
authority to limit, delay or prohibit the making of payments in Foreign Currencies
or currency units or payments outside the United States.

          (c) If the Company shall establish pursuant to Section 301 that the Debt Securities of a
series are to be issued in whole or in part in the form of one or more Global Securities, then the
Company shall execute and the Trustee shall, in accordance with this Section and the Company Order
with respect to such series, authenticate and deliver one or more Global Securities in permanent or
temporary form that (i) shall represent and shall be denominated in an aggregate amount equal to
the aggregate principal amount of the Outstanding Debt Securities of such series to be represented
by one or more Global Securities, (ii) shall be registered in the name of the Depositary for such
Global Security or Securities or the nominee of such Depositary
and (iii) shall be delivered by the Trustee to such Depositary or pursuant to such
Depositary’s instructions.

          (d) The Trustee shall have the right to decline to authenticate and deliver any Debt
Securities under this Section 303 if the issuance of such Debt Securities will adversely affect the
Trustee’s own rights, duties or immunities under the Debt Securities and this Indenture or
otherwise in a manner which is not reasonably acceptable to the Trustee.

          (e) If all the Debt Securities of any series are not to be issued at one time, it shall not be
necessary to deliver an Opinion of Counsel at the time of issuance of each Debt Security, but such
Opinion of Counsel, with appropriate modifications, may instead be delivered at or prior to the
time of the first issuance of Debt Securities of such series.

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          (f) Each Registered Security shall be dated the date of its authentication. Each Bearer
Security shall be dated as of the date specified as contemplated by Section 301.

          (g) No Debt Security or coupon attached thereto shall be entitled to any benefit under this
Indenture or be valid or obligatory for any purpose, unless there appears on such Debt Security a
certificate of authentication substantially in the form provided for herein executed by the
Trustee, and such certificate upon any Debt Security shall be conclusive evidence, and the only
evidence, that such Debt Security has been duly authenticated and delivered hereunder. Except as
permitted by Section 306, the Trustee shall not authenticate and deliver any- Bearer Security
unless all appurtenant coupons for interest then matured have been detached and cancelled.
Notwithstanding the foregoing, if any Debt Security or portion thereof shall have been duly
authenticated and delivered hereunder but never issued and sold by the Company, and the Company
shall deliver such Debt Security to the Trustee for cancellation as provided in Section 309
together with a written statement (which need not comply with Section 102 and need not be
accompanied by an Opinion of Counsel) stating that such Debt Security or portion thereof has never
been issued and sold by the Company, for all purposes of this Indenture such Debt Security shall be
deemed never to have been authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture.

          (h) Each Depositary designated pursuant to Section 301 for a Global Security in registered
form must, at the time of its designation and at all times while it serves as Depositary be a
clearing agency registered under the Securities Exchange Act of 1934 and any other applicable
statute or regulation.

     Section 304. Temporary Debt Securities.

          (a) Pending the preparation of definitive Debt Securities of any series, the Company may
execute, and upon receipt of documents required by Sections 301 and 303, together with a Company
Order, the Trustee shall authenticate and deliver, temporary Debt Securities which are printed,
lithographed, typewritten, mimeographed or otherwise produced, in any denomination, substantially
of the tenor and terms of the definitive Debt Securities in lieu of which they are issued in
registered form or, if authorized, in bearer form with one or more coupons or without coupons, and
with such appropriate insertions, omissions, substitutions and
other variations as the officers executing such Debt Securities may determine, as evidenced by
their signatures on such Debt Securities. In the case of Debt Securities of any series issuable as
Bearer Securities, such temporary Debt Securities may be in global form, representing all or any
part of the Outstanding Debt Securities of such series.

          (b) Unless otherwise provided pursuant to Section 301:

     (i) Except in the case of temporary Debt Securities in global form, if
temporary Debt Securities of any series are issued, the Company will cause
definitive Debt Securities of such series to be prepared without unreasonable delay.
After the preparation of definitive Debt Securities of such series, the related
temporary Debt Securities shall be exchangeable for such definitive Debt Securities
upon surrender of the temporary Debt Securities of such series at the office or
agency of the Company in the Place of Payment for such series, without

21

 

charge to the
Holder. Upon surrender for cancellation of any one or more temporary Debt
Securities of any series (accompanied, if applicable, by all unmatured coupons and
all matured coupons in default appertaining thereto), the Company shall execute and
the Trustee shall authenticate and deliver in exchange therefor a like principal
amount of definitive Debt Securities of the same series of like tenor and terms and
of authorized denominations; provided, however, that no Bearer Security shall be
delivered in exchange for a Registered Security; and provided, further, that a
Bearer Security shall be delivered in exchange for a Bearer Security only in
compliance with the conditions set forth in Section 305.

     (ii) If Debt Securities of any series are issued in temporary global form, any
such temporary Global Security shall, unless otherwise provided pursuant to Section
301, be delivered to the Depositary for the benefit of Euroclear and CEDEL S.A., for
credit to the respective accounts of the beneficial owners of such Debt Securities
(or to such other accounts as they may direct).

     (iii) Without unnecessary delay but in any event not later than the date
specified in, or determined pursuant to the terms of, any such temporary Global
Security (the “Global Exchange Date”), the Company shall deliver definitive Debt
Securities to the Trustee or the agent appointed by the Company pursuant to Section
301 to effect the exchange of the temporary Global Security for definitive Debt
Securities (the “Global Exchange Agent”), in an aggregate principal amount equal to
the principal amount of such temporary Global Security, executed by the Company. On
or after the Global Exchange Date, such temporary Global Security shall be
surrendered by the Depositary to the Global Exchange Agent, to be exchanged, in
whole or from time to time in part, for definitive Debt Securities without charge
and the Trustee or the Global Exchange Agent, if authorized by the Trustee pursuant
to Section 614, shall authenticate and deliver, in exchange for each portion of such
temporary Global Security, an equal aggregate principal amount of definitive Debt
Securities of the same series of authorized denominations and of like tenor and
terms as the portion of such temporary Global Security to be exchanged. Upon any
exchange of a part of such temporary Global Security for definitive Debt Securities,
the portion of the principal amount
and any interest thereon so exchanged shall be endorsed by the Global Exchange
Agent on a schedule to such temporary Global Security, whereupon the principal
amount and interest payable with respect to such temporary Global Security shall be
reduced for all purposes by the amount so exchanged and endorsed. The definitive
Debt Securities to be delivered in exchange for any such temporary Global Security
shall be in bearer form, registered form, global registered form or global bearer
form, or any combination thereof, as specified as contemplated by Section 301, and,
if any combination thereof is so specified, as requested by the beneficial owner
thereof; provided, however, that, in the case of the exchange of the temporary
Global Security for definitive Bearer Securities (including a definitive Global
Bearer Security), upon such presentation by the Depositary, such temporary Global
Security shall be accompanied by a certificate signed by Euroclear as to the portion
of such temporary Global Security held for its account then to be exchanged and a
certificate signed by CEDEL S.A. as to the portion of

22

 

such temporary Global Security
held for its account then to be exchanged, each in the form set forth in Exhibit B
to this Indenture, unless such certificates) shall have been provided earlier
pursuant to Section 304(b)(v) hereof; and provided, further, that definitive Bearer
Securities (including a definitive Global Bearer Security) shall be delivered in
exchange for a portion of a temporary Global Security only in compliance with the
requirements of Section 303.

     (iv) The interest of a beneficial owner of Debt Securities of a series in a
temporary Global Security shall be exchanged for definitive Debt Securities of the
same series and of like tenor and terms following the Global Exchange Date when the
account holder instructs Euroclear or CEDEL S.A., as the case may be, to request
such exchange on such account holder’s behalf and, in the case of the exchange of
the temporary Global Security for definitive Bearer Securities (including a
definitive Global Bearer Security), unless such certificates shall have been
provided earlier pursuant to Section 304(b)(v) hereof, the account holder delivers
to Euroclear or CEDEL S.A., as the case may be, a certificate in the form set forth
in Exhibit A-1 and, if applicable, A-2 to this Indenture, dated no earlier than 15
days prior to the Global Exchange Date, copies of which certificate shall be
available from the offices of Euroclear and CEDEL S.A., the Global Exchange Agent,
any authenticating agent appointed for such series of Debt Securities and each
Paying Agent. Unless otherwise specified in such temporary Global Security, any
such exchange shall be made free of charge to the beneficial owners of such
temporary Global Security, except that a Person receiving definitive Debt Securities
must bear the cost of insurance, postage, transportation and the like in the event
that such Person does not take delivery of such definitive Debt Securities in person
at the offices of Euroclear and CEDEL S.A. Definitive Debt Securities in bearer form
to be delivered in exchange for any portion of a temporary Global Security shall be
delivered only outside the United States.

     (v) Until exchanged in full as hereinabove provided, the temporary Debt
Securities of any series shall in all respects be entitled to the same benefits
under this Indenture as definitive Debt Securities of the same series and of like
tenor and terms authenticated and delivered hereunder, except that interest
payable on a temporary Global Security on an Interest Payment Date shall be
payable to Euroclear and CEDEL S.A. on such Interest Payment Date only if there has
been delivery by Euroclear and CEDEL S.A. to the Global Exchange Agent of a
certificate or certificates in the form set forth in Exhibit B to this Indenture
dated no earlier than the first Interest Payment Date, for credit without further
interest on or after such Interest Payment Date to the respective accounts of the
Persons who are the beneficial owners of such temporary Global Security on such
Interest Payment Date and who have each delivered to Euroclear or CEDEL S.A., as the
case may be, a certificate in the form set forth in Exhibit A-1 and, if applicable,
A-2 to this Indenture dated no earlier than the first Interest Payment Date. Any
interest so received by Euroclear and CEDEL S.A. and not paid as herein provided
prior to the Global Exchange Date shall be returned to the Global Exchange Agent
which, upon expiration of two years after such Interest

23

 

Payment Date, shall repay
such interest to the Company in accordance with Section 1003.

     Section 305. Registration; Registration of Transfer and Exchange.

     The Company shall cause to be kept at one of the offices or agencies to be maintained by the
Company in accordance with the provisions of this Section 305 and Section 1002, with respect to the
Debt Securities of each series which are Registered Securities, a register (herein sometimes
referred to as the “Security Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Registered Securities and of transfers
of Registered Securities. Pursuant to Section 301, the Company shall appoint, with respect to Debt
Securities of each series which are Registered Securities, a “Security Registrar” for the purpose
of registering such Debt Securities and transfers and exchanges of such Debt Securities as herein
provided.

     Upon surrender for registration of transfer of any Registered Security of any series at the
office or agency of the Company maintained 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 Registered Securities of the same series of any authorized denomination or
denominations, of like tenor and terms and aggregate principal amount.

     At the option of the Holder, Registered Securities of any series may be exchanged for other
Registered Securities of the same series of any authorized form and denomination, of like tenor and
terms and aggregate principal amount, upon surrender of the Registered Securities to be exchanged
at such office or agency. Bearer Securities may not be delivered in exchange for Registered
Securities.

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

24

 

before the opening of business at such office or agency on the
relevant Interest Payment Date, or (ii) any Special Record Date and before the opening of business
at such office or agency on the related date for payment of Defaulted Interest, such Bearer
Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed
date of payment, as the case may be.

     Whenever any Debt Securities are so surrendered for exchange, the Company shall execute, and
the Trustee shall authenticate and deliver, the Debt Securities which the Holder making the
exchange is entitled to receive.

     If at any time the Depositary for the Debt Securities of a series notifies the Company that it
is unwilling or unable to continue as Depositary for the Debt Securities of such series or if at
any time the Depositary for the Debt Securities of such series shall no longer be eligible under
Section 303(h), the Company shall appoint a successor Depositary with respect to the Debt
Securities of such series. If a successor Depositary, for the Debt Securities of such series is
not appointed by the Company within 90 days after the Company receives such notice or becomes aware
of such ineligibility, the Company’s election pursuant to Section 301(9) shall no longer be
effective with respect to the Debt Securities of such series and the Company will execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Debt
Securities of such series, will authenticate and deliver. Debt Securities of such series in
definitive form in an aggregate principal amount equal to the principal amount of the Global
Security or Securities representing such series in exchange for such Global Security or Securities.

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

     If specified by the Company pursuant to Section 301 with respect to a series of Debt
Securities, the Depositary for such series of Debt Securities may surrender a Global Security for
such series of Debt Securities in exchange in whole or in part for Debt Securities of such series
of like tenor and terms and in definitive form on such terms as are acceptable to the Company and
such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and
deliver, without charge to any Holder,

     (a) to each Person specified by such Depositary a new Debt Security or Securities of the same
series, of like tenor and terms and of any authorized denominations as requested by such person in
aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the
Global Security; and

     (b) to such Depositary a new Global Security of like tenor and terms and in a denomination
equal to the difference, if any, between the principal amount of the surrendered

25

 

Global Security
and the aggregate principal amount of Debt Securities delivered to Holders thereof.

     In any exchange provided for in any of the preceding three paragraphs, the Company will
execute and the Trustee will authenticate and deliver Debt Securities (a) in definitive registered
form in authorized denominations, if the Debt Securities of such series are issuable as Registered
Securities, (b) in definitive bearer form in authorized denominations, with coupons attached, if
the Debt Securities of such series are issuable as Bearer Securities or (c) as either Registered or
Bearer Securities, as shall be specified by the beneficial owner thereof, if the Debt Securities of
such series are issuable in either form; provided, however, that no definitive Bearer Security
shall be delivered in exchange for a temporary Global Security unless the Company or its agent
shall have received from the person entitled to receive the definitive Bearer Security a
certificate substantially in the form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and
provided further that delivery of a Bearer Security shall occur only outside the United States; and
provided further that no definitive Bearer Security will be issued if the Company has reason to
know that any such certificate is false.

     Upon the exchange of a Global Security for Debt Securities in definitive form, such Global
Security shall be cancelled by the Trustee. Registered Securities issued in exchange for a Global
Security pursuant to this Section shall be registered in such names and in such authorized
denominations as the Depositary for such Global Security, pursuant to instructions from its direct
or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such
Registered Securities to the persons in whose names such Debt Securities are so registered. The
Trustee shall deliver Bearer Securities issued in exchange for a Global Security pursuant to this
Section to the persons, and in such authorized denominations, as the Depositary for such Global
Security, pursuant to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee; provided, however, that no definitive Bearer Security shall be delivered in
exchange for a temporary Global Security unless the Company or its agent shall have received from
the person entitled to receive the definitive Bearer Security a certificate substantially in the
form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that delivery of
a Bearer Security shall occur only outside the United States; and provided further that no
definitive Bearer Security will be issued if the Company has reason to know that any such
certificate is false.

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

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

     No charge to any Holder shall be made for any registration of transfer or exchange of Debt
Securities, but the Company may require payment of a sum sufficient to cover any tax or

26

 

other
governmental charge that may be imposed in connection with any transfer, registration of transfer
or exchange of Debt Securities, other than exchanges expressly provided in this Indenture to be
made at the Company’s own expense or without expense or without charge to the Holders.

     The Company shall not be required (i) to issue, register the transfer of or exchange Debt
Securities of any particular series to be redeemed for a period of fifteen days preceding the first
publication of the relevant notice of redemption or, if Registered Securities are outstanding and
there is no publication, the mailing of the relevant notice of redemption of Debt Securities of
such series selected for redemption under Section 1103 and ending at the close of business on the
day of such mailing, or (ii) to register the transfer of or exchange any Registered Security so
selected for redemption in whole or in part, except the unredeemed portion of such Registered
Security being redeemed in part, or (iii) to exchange any Bearer Security so selected for
redemption except that such a Bearer Security may be exchanged for a Registered Security of like
tenor and terms of that series, provided that such Registered Security shall be simultaneously
surrendered for redemption.

     Notwithstanding anything herein to the contrary, the exchange of Bearer Securities into
Registered Securities shall be subject to applicable laws and regulations in effect at the time of
exchange; neither the Company, the Trustee nor the Security Registrar shall exchange any Bearer
Securities into Registered Securities if it has received an Opinion of Counsel that as a result of
such exchanges the Company would suffer adverse consequences under the United States Federal income
tax laws and regulations then in effect and the Company has delivered to the Trustee a Company
Order directing the Trustee not to make such exchanges thereafter unless and until the Trustee
receives a subsequent Company Order to the contrary. The Company shall deliver copies of such
Company Orders to the Security Registrar.

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

     If (i) any mutilated Debt Security or a Bearer Security with a mutilated coupon appertaining
to it is surrendered to a Paying Agent outside the United States designated by the Company, or, in
the case of any Registered Security, to the Trustee, or (ii) the Company and the Trustee receive
evidence to their satisfaction of the destruction, loss or theft of any Debt Security
or coupon, and there is delivered to the Company and the Trustee such security or indemnity as
may be required by them to save each of them harmless, then, in the absence of notice to the
Company and the Trustee that such Debt Security or coupon has been acquired by a bona fide
purchaser, the Company shall execute and upon its written request the Trustee shall authenticate
and deliver, in exchange for any such mutilated Debt Security or Bearer Security with a mutilated
coupon appertaining to it or to which a destroyed, lost or stolen coupon appertains (with all
appurtenant coupons not destroyed lost or stolen) or in lieu of any such destroyed, lost or stolen
Debt Security, a new Debt Security of like tenor and terms and principal amount, bearing a number
not contemporaneously outstanding, with coupons corresponding to the coupon, if any, appertaining
to such destroyed, lost or stolen Debt Security or to the Debt Security to which such destroyed,
lost or stolen coupon appertains; provided, however, that any such new Bearer Security will be
delivered only in compliance with the conditions set forth in Section 305.

27

 

     In case any such mutilated, destroyed, lost or stolen Debt Security or coupon has become or is
about to become due and payable, the Company in its discretion may, instead of issuing a new Debt
Security, pay such Debt Security or coupon; provided, however, that payment of principal of (and
premium, if any) and any interest on Bearer Securities shall, except as otherwise provided in
Section 1002, be payable only at an office or agency located outside the United States; and
provided, further, that, with respect to any such coupons, interest represented thereby (but not
any additional amounts payable as provided in Section 1006), shall be payable only upon
presentation and surrender of the coupons appertaining thereto.

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

     Every new Debt Security of any series, with its coupons, if any, issued pursuant to this
Section in lieu of any destroyed, lost or stolen Debt Security, or in exchange for a Bearer
Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Debt
Security and its coupons, if any, or the destroyed, lost or stolen coupon shall be at any time
enforceable by anyone, and any such new Debt Security and coupons, if any, shall be entitled to all
the benefits of this Indenture equally and proportionately with any and all other Debt Securities
of that series and their coupons, if any, 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 Debt Securities or coupons.

     Section 307. Payment of Interest; Interest Rights Preserved.

     Interest on any Registered Security which is payable, and is punctually paid or duly provided
for, on any Interest Payment Date shall be paid to the Person in whose name that Registered
Security (or one or more Predecessor Securities) is registered at the close of business
on the Regular Record Date for such interest. In case a Bearer Security of any series is
surrendered in exchange for a Registered Security of such series after the close of business (at an
office or agency in a Place of Payment for such series) on any Regular Record Date and before the
opening of business (at such office or agency) on the next succeeding Interest Payment Date, such
Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and
interest will not be payable on such Interest Payment Date in respect of the Registered Security
issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon
when due in accordance with the provisions of this Indenture. At the option of the Company,
payment of interest on any Registered Security may be made by check in the currency designated for
such payment pursuant to the terms of such Registered Security mailed to the address of the Person
entitled thereto as such address shall appear in the Security Register or by wire transfer to an
account in such currency designated by such Person in writing not later than ten days prior to the
date of such payment.

28

 

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

     (1) The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Registered Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on a Special Record Date for the payment
of such Defaulted Interest, which shall be fixed in the following manner. The Company shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on
each Registered Security of such series and the date of the proposed payment, and at the
same time the Company shall deposit with the Trustee an amount of money and/or, to the
extent such Debt Securities are denominated and payable in Dollars only, Eligible
Instruments the payments of principal and interest on which when due (and without
reinvestment and providing no tax liability will be imposed upon the Trustee or the Holder
of such Registered Securities) will provide money in such amounts as will (together with any
money irrevocably deposited in trust with the Trustee, without investment) be 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 and/or Eligible Instruments when deposited to be held in trust for the
benefit of the Persons entitled to such Defaulted Interest as in this Clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted
Interest which shall be not more than 15 days and not less than 10 days prior to the date of
the proposed payment and not less than 10 days after the receipt by the Trustee of the
written notice of the proposed payment. The Trustee shall promptly notify the Company of
such Special Record Date. Unless the Trustee is acting as the Security Registrar, promptly
after such Special Record Date, the Company shall furnish the Trustee with a list, or shall
make arrangements satisfactory to the Trustee with respect thereto, of the names and
addresses of, and principal amounts of Registered Securities of such series held by, the
Holders appearing on the Security Register at the close of business on such Special Record
Date. In the name and at the expense of the Company, the Trustee shall cause notice of the
proposed
payment of such Defaulted Interest and the Special Record Date therefor to be mailed,
first-class postage prepaid, to each Holder of Registered Securities of such series at his
address as it appears in the Security Register, not less than 10 days prior to such Special
Record Date. Notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid
to the Persons in whose names the Registered Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on such Special Record Date
and shall no longer be payable pursuant to the following Clause (2). In case a Bearer
Security of any series is surrendered at the office or agency in a Place of Payment for such
series in exchange for a Registered Security of such series after the close of business at
such office or agency on any Special Record Date and before the opening of business at such
office or agency on the related proposed date for payment of Defaulted Interest, such Bearer
Security shall be surrendered without the coupon relating to such proposed date of payment
and Defaulted Interest will not be payable on such

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proposed date of payment in respect of
the Registered Security issued in exchange for such Bearer Security, but will be payable
only to the Holder, of such coupon when due in accordance with the provisions of this
Indenture.

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

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

     Subject to the limitations set forth in Section 1002, the Holder of any coupon appertaining to
a Bearer Security shall be entitled to receive the interest payable on such coupon upon
presentation and surrender of such coupon on or after the Interest Payment Date of such coupon at
an office or agency maintained for such purpose pursuant to Section 1002.

     Section 308. Persons Deemed Owners.

     Prior to due presentment of a Registered Security for registration of transfer, the Company,
the Trustee and any agent of the Company or of the Trustee may treat the Person in whose name such
Registered Security is registered as the owner of such Registered Security for the purpose of
receiving payment of principal of (and premium, if any) and (subject to Section 307) interest on
such Registered Security and for all other purposes whatsoever, whether or not such Registered
Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the
Trustee shall be affected by notice to the contrary.

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

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

     Section 309. Cancellation.

     Unless otherwise provided with respect to a series of Debt Securities, all Debt Securities and
coupons surrendered for payment, redemption, repayment, transfer, exchange or credit against any
sinking fund payment pursuant to this Indenture, shall, if surrendered to the

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Company or any agent
of the Company, be delivered to the Trustee and shall be promptly cancelled by it. The Company may
at any time deliver to the Trustee for cancellation any Debt Securities previously authenticated
and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Debt
Securities so delivered shall be promptly cancelled by the Trustee. No Debt Securities shall be
authenticated in lieu of or in exchange for any Debt Securities cancelled as provided in this
Section, except as expressly permitted by this Indenture. All cancelled Debt Securities and
coupons held by the Trustee shall be destroyed and certification of their destruction delivered to
the Company unless by a Company Order the Company shall direct that the cancelled Debt Securities
or coupons be returned to it.

     Section 310. Computation of Interest.

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

     Section 311. Certification by a Person Entitled to Delivery of a Bearer Security.

     Whenever any provision of this Indenture or a Debt Security contemplates that certification be
given by a Person entitled to delivery of a Bearer Security, such certification shall be provided
substantially in the form of Exhibit A-l and, if applicable, A-2 hereto, with only such changes as
shall be approved by the Company and consented to by the Trustee whose consent shall not
unreasonably be withheld.

     Section 312. Judgments.

     The Company may provide, pursuant to Section 301, for the Debt Securities of any series that,
to the fullest extent possible under applicable law and except as may otherwise be specified as
contemplated in Section 301, (a) the obligation, if any, of the Company to pay the principal of
(and premium, if any) and interest on the Debt Securities of any series and any appurtenant
coupons in a Foreign Currency, composite currency or Dollars (the “Designated Currency”) as may be
specified pursuant to Section 301 is of the essence and agrees that judgments in respect of such
Debt Securities shall be given in the Designated Currency; (b) the obligation of the Company to
make payments in the Designated Currency of the principal of (and premium, if any) and interest on
such Debt Securities and any appurtenant coupons shall, notwithstanding any payment in any other
currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of the
amount in the Designated Currency that the Holder receiving such payment may, in accordance with
normal banking procedures, purchase with the sum paid in such other currency (after any premium and
cost of exchange) in the country of issue of the Designated Currency in the case of Foreign
Currency or Dollars or in the international banking community in the case of a composite currency
on the Business Day immediately following the day on which such Holder receives such payment; (c)
if the amount in the Designated Currency that may be so purchased for any reason falls short of the
amount originally due, the Company shall pay such additional amounts as may be necessary to
compensate for such shortfall; and (d) any obligation of the Company not discharged by such payment
shall be due as a separate and independent obligation and, until discharged as provided herein,
shall continue in full force and effect.

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ARTICLE FOUR

Satisfaction and Discharge

     Section 401. Satisfaction and Discharge of Indenture.

     This Indenture shall upon Company Request cease to be of further effect (except as to any
surviving rights of registration of transfer or exchange of Debt Securities herein expressly
provided for and rights to receive payments of principal and interest thereon and any right to
receive additional amounts, as provided in Section 1006) and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and discharge of this
Indenture when

     (1) either

     (A) all Debt Securities theretofore authenticated and delivered and all coupons
appertaining thereto (other than (i) coupons appertaining to Bearer Securities
surrendered in exchange for Registered Securities and maturing after such exchange,
surrender of which is not required or has been waived as provided in Section 305,
(ii) Debt Securities and coupons which have been destroyed, lost or stolen and which
have been replaced or paid as provided in Section 306, (iii) coupons appertaining to
Bearer Securities called for redemption or surrendered for repayment and maturing
after the relevant Redemption Date or Repayment Date, as appropriate, surrender of
which has been waived as provided in Section 1106 or 1303 and (iv) Debt Securities
and coupons for whose payment money and/or Eligible Instruments have theretofore
been deposited in trust or segregated and held in trust by the Company and
thereafter repaid to the
Company or discharged from such trust, as provided in Section 1003) have been
delivered to the Trustee cancelled or for cancellation; or

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

     (i) have become due and payable, or

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

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

and the Company, in the case of (B)(i), (B)(ii) or (B)(iii) above, has irrevocably deposited
or caused to be deposited with the Trustee as trust funds in trust for the purpose money
and/or, to the extent such Debt Securities are denominated and payable in Dollars only.
Eligible Instruments the payments of principal and interest on which when due (and without
reinvestment and providing no tax liability, will be imposed upon the Trustee or

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the Holders
of Debt Securities) will provide money in such amounts as will (together with any money
irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay
and discharge the entire indebtedness on such Debt Securities and coupons of such series for
principal (and premium, if any) and interest, and any mandatory sinking fund, repayment or
analogous payments thereon, on the scheduled due dates therefor to the date of such deposit
(in the case of Debt Securities and coupons which have become due and payable) or to the
Stated Maturity or Redemption Date, if any, and all Repayment Dates (in the case of Debt
Securities repayable at the option of the Holders thereof); provided, however, that in the
event a petition for relief under the Bankruptcy Reform Act of 1978 or a successor statute
is filed with respect to the Company within 91 days after the deposit, the obligations of
the Company under the Indenture with respect to the Debt Securities of such series shall not
be deemed terminated or discharged, and in such event the Trustee shall be required to
return the deposited money and Eligible Instruments then held by the Trustee to the Company;

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

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

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to
the Trustee under Section 607 and, if money or Eligible Instruments shall have been deposited with
the Trustee pursuant to Subclause (B) of Clause (1) of this Section, the obligations of the Trustee
under Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and
discharge.

     Section 402. Application of Trust Money and Eligible Instruments.

          (a) Subject to the provisions of the last paragraph of Section 1003, all money and Eligible
Instruments deposited with the Trustee pursuant to Section 401 or 1504 shall be held in trust and
such money and the principal and interest received on such Eligible Instruments shall be applied by
it, in accordance with the provisions of the Debt Securities, the coupons and this Indenture, to
the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and
premium, if any) and interest for whose payment such money or Eligible Instruments have been
deposited with the Trustee.

          (b) If this Section 402(b) is specified, as contemplated by Section 301, to be applicable to
the Debt Securities of any series, the Trustee shall deliver to the Company from time to time upon
Company Request any Eligible Instruments held by it as provided in Section 1502 or 1503, provided
that the Company in substitution therefor simultaneously delivers to the Trustee, money or other
Eligible Instruments which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, would then be
sufficient to satisfy the Company’s payment obligations in respect of the Debt Securities in the
manner contemplated by Section 1502 or 1503.

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ARTICLE FIVE

Remedies

     Section 501. Events of Default.

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

     (1) default in the payment of any interest upon any Debt Security of such series or a
related coupon, if any, when it becomes due and payable, and continuance of such default for
a period of 30 days; or

     (2) default in the payment of the principal of (or premium, if any, on) any Debt
Security of such series at its Maturity; or

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

     (4) default in the performance, or breach, of any covenant or warranty of the Company
in this Indenture (other than a covenant or warranty a default in whose performance or whose
breach is elsewhere in this Section specifically dealt with or which has expressly been
included in this Indenture solely for the benefit of Debt Securities of a series other than
such series), and continuance of such default or breach for a period of 90
days after there as been given by registered or certified mail, to the Company by the
Trustee, or to the Company and the Trustee by the Holders of at least 25% in principal
amount of the Outstanding Debt Securities of such series, a written notice specifying such
default or breach and requiring it to be remedied and stating that such notice is a “Notice
of Default” hereunder, or

     (5) the failure of the Company, subject to the provisions of Section 1008, to observe
and perform the covenants contained in Section 1005; or

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

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     (7) the commencement by the Company of a voluntary case or proceeding under any
applicable Federal or state bankruptcy, insolvency, reorganization or other similar law or
of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by
it to the entry of a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable Federal or state bankruptcy, insolvency,
reorganization or other similar any applicable or to the commencement of any bankruptcy or
insolvency case or proceeding against it, or the filing by it of a petition or answer or
consent seeking reorganization or relief under any applicable Federal or State law, or the
consent by it 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 of any substantial part of its property, or the making by it of an assignment
for the benefit of creditors, or the admission by it in writing of its inability to pay its
debts generally as they become due, or the taking of corporate action by the Company in
furtherance of any such action; or

     (8) any other Event of Default, if any, provided with respect to Debt Securities of
such series specified as contemplated by Section 301.

     Section 502. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default with respect to Debt Securities of any series at the time Outstanding
occurs and is continuing, then and in every such case the Trustee or the Holders of not less than
25% in principal amount of Outstanding Debt Securities of such series may declare the principal
amount (or, if the Debt Securities of such series are Original Issue Discount Securities, such
portion of the principal amount as may be specified in the terms of such series) of and all accrued
but unpaid interest on all the Debt Securities of such series to be due and
payable immediately, by a notice in writing to the Company (and to the Trustee if given by
such Holders), and upon any such declaration such principal amount (or specified amount) shall
become immediately due and payable. Upon payment of such amount, all obligations of the Company in
respect of the payment of principal of the Debt Securities of such series shall terminate.

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

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

     (A) all overdue installments of interest on all Debt Securities of such series
and any related coupons,

     (B) the principal of (and premium, if any, on) any Debt Securities of such
series which have become due otherwise than by such declaration of

35

 

acceleration and
interest thereon at the rate or rates prescribed therefor in such Debt Securities,

     (C) to the extent that payment of such interest is lawful, interest upon
overdue installments of interest on each Debt Security and any related coupons at
the rate or rates prescribed therefor in such Debt Securities, and

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

     and

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

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

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

     The Company covenants that if:

     (1) default is made in the payment of any installment of interest on any Debt
Security or any related coupon when such interest becomes due and payable and such
default continues for a period of 30 days, or

     (2) default is made in the payment of the principal of (or premium, if any, on)
any Debt Security at the Maturity thereof;

the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Debt Securities and coupons, the amount then due and payable on such Debt Securities and coupons
for principal (and premium, if any) and interest and, to the extent that payment of such interest
shall be legally enforceable, interest upon the overdue principal (and premium, if any) and, upon
overdue installments of interest, at the rate or rates prescribed therefor in such Debt Securities,
and, in addition thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, including the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel.

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

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

     Section 504. Trustee May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceedings, or any
voluntary, or involuntary case under the Federal bankruptcy laws as now or hereafter constituted,
relative to the Company or any other obligor upon the Debt Securities of a particular series or any
related coupons or the property of the Company or of such other obligor or their creditors, the
Trustee (irrespective of whether the principal of such Debt Securities shall then be due and
payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee
shall have made any demand on the Company for the payment of overdue principal or interest) shall
be entitled and empowered, by intervention in such proceedings or otherwise.

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

     (2) to collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same;

and any receiver, assignee, trustee, custodian, liquidator, sequestrator or other similar official
in any such 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 607.

     Nothing herein contained 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 Debt Securities or coupons or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

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

     All rights of action and claims under this Indenture or the Debt Securities or coupons may be
prosecuted and enforced by the Trustee without the possession of any of the Debt

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Securities or
coupons or the production thereof in any proceeding relating thereto, and any such proceeding
instituted by the Trustee shall be brought in its own name, as trustee of an express trust, and any
recovery 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 Debt Securities and coupons in respect of which such judgment has
been recovered.

     Section 506. Application of Money Collected.

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

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

     SECOND: To the payment of the amounts then due and unpaid for principal of (and
premium, if any) and interest on the Debt Securities and any coupons, 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 Debt Securities and
any coupons for principal (and premium, if any) and interest, respectively. The Holders of
each series of Debt Securities denominated in ECU, any other composite currency or a Foreign
Currency and any matured coupons relating thereto shall be entitled to receive a ratable
portion of the amount determined by the
Exchange Rate Agent by converting the principal amount Outstanding of such series of
Debt Securities and matured but unpaid interest on such series of Debt Securities in the
currency in which such series of Debt Securities is denominated into Dollars at the Exchange
Rate as of the date of declaration of acceleration of the Maturity of the Debt Securities;
and

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

     Section 507. Limitation on Suits.

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

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

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

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     (3) such Holder or Holders have offered to the Trustee reasonable indemnity
satisfactory to it against the costs, expenses and liabilities to be incurred in compliance
with such request;

     (4) the Trustee for 60 days after its receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and

     (5) no direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series;

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

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

     Notwithstanding any other provision in this Indenture, the Holder of any Debt Security or
coupon shall have the right which is absolute and unconditional to receive payment of the principal
of (and premium, if any) and (subject to Section 307) interest on such Debt Security or payment of
such coupon on the respective Stated Maturity or Maturities expressed in such Debt Security or
coupon (or, in the case of redemption or repayment, on the Redemption Date or the
Repayment Date, as the case may be) and to institute suit for the enforcement of any such
payment, and such right shall not be impaired without the consent of such Holder.

     Section 509. Restoration of Rights and Remedies.

     If the Trustee or any Holder has instituted any proceedings 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 ever such case the Company,
the Trustee and the Holders shall, subject to any determination in such proceeding, be restored
severally and respectively to their former positions hereunder, and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

     Section 510. Rights and Remedies Cumulative.

     Except as otherwise provided in Section 306, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy,
and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy.

     Section 511. Delay or Omission Not Waiver.

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

     Section 512. Control by Holders of Debt Securities.

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

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

     (2) subject to the provisions of Section 601, the Trustee shall have the right to
decline to follow any such direction if the Trustee in good faith shall, by a Responsible
Officer or Responsible Officers of the Trustee, determine that the proceedings so directed
would be unjustly prejudicial to the Holders of Debt Securities of such series not
joining in any such direction; and

     (3) the Trustee may take any other action deemed necessary by the Trustee which is not
inconsistent with such direction.

     Section 513. Waiver of Past Defaults.

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

     (1) in the payment of the principal of (or premium, if any) or interest on any Debt
Security of such series, or,

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

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

     Section 514. Undertaking for Costs.

     All parties to this Indenture agree, and each Holder of any Debt Security or coupon by his
acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in

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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, the filing by any litigant
in such suit of an undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any
party litigant in such suit, having a due regard to the merits and good faith of the claims or
defenses made by such party litigant, but the provisions of this Section shall not apply to any
suit instituted by the Company or the Trustee, to any suit instituted by any Holder, or group of
Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Debt
Securities of any series, or to any suit instituted by any Holder for the enforcement of the
payment of the principal of (or premium, if any) or interest on any Debt Security or the payment of
any coupons on or after the respective Stated Maturity or Maturities expressed in such Debt
Security or coupon (or, in the case of redemption or repayment, on or after the Redemption Date or
Repayment Date, as the case may be).

     Section 515. Waiver of Stay or Extension Laws.

     The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay or extension law whenever 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 benefits or advantage of any such law, and covenants that it
will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will
suffer and permit the execution of every such power as though no such law had been enacted.

ARTICLE SIX

The Trustee

     Section 601. Certain Duties and Responsibilities.

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

     (i) the Trustee undertakes to perform such duties and only 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; and

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

     (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise
such of the rights and powers vested in it by this Indenture, and use the same degree of

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care and
skill in their exercise, as a prudent person would exercise or use under the circumstances in the
conduct of his or her own affairs.

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

     (i) this subsection shall not be construed to limit the effect of subsection (a) of
this Section 601;

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

     (iii) the Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the Holders of a majority in
principal amount of the Outstanding Debt Securities of any series, determined as provided in
Sections 101, 104 and 512, relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Indenture with respect to the Debt Securities of such
series; and

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

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

     Section 602. Notice of Default.

     If a default occurs hereunder with respect to Debt Securities of any series the Trustee shall
transmit by mail to all Holders of Debt Securities of such series notice of such default as and to
the extent provided by the Trust Indenture Act; provided, however, that in the case of any default
of the character specified in Section 501(4) with respect to Debt Securities of such series no such
notice to Holders shall be given until at least 30 days after the occurrence thereof; and provided
further, that, except in the case of a default in the payment of principal of (or premium, if any)
or interest on any Debt Security of such series or related coupons or in the payment of any sinking
fund installment with respect to Debt Securities of such series, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, the executive committee or a
trust committee of directors and/or a Responsible Officer of the Trustee in good faith determines
that the withholding of such notice is in the interest of the Holders of the Debt Securities of
such series. For the purpose of this Section, the term “default” means any event which is, or
after notice or lapse of time or both would become, an Event of Default with respect to Debt
Securities of such series.

     Section 603. Certain Rights of Trustee.

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     Except as otherwise provided in Section 601:

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

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

     (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the
Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith
on its part, rely upon an Officers’ Certificate;

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

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

     (f) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper or
document, but the Trustee, in its discretion, may make such further inquire or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to make such further
inquiry or investigation, it shall be entitled to examine the books, records and premises of the
Company, personally or by agent or attorney, other than any such books or records containing
information as to the affairs of the customers of the Company or any of its subsidiaries; provided
that the Trustee may examine such books and records relating to customers to the extent that such
books and records contain information as to any payments made to such customers in their capacity
as Holders of Debt Securities; and provided further that the Trustee shall incur no liability or
additional liability of any kind by reason of such inquiry or investigation; and

     (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney, appointed with
due care by it hereunder; no Exchange Rate Agent, Global Exchange Agent, Depositary or Paying Agent
shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or
omission by any of them.

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

     The recitals contained herein and in the Debt Securities, except the Trustee’s certificates of
authentication, and in any coupons, and the information in any registration statement, including
all attachments thereto, except information provided by the Trustee therein, 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 Debt
Securities of any series or any coupons. The Trustee shall not be accountable for the use or
application by the Company of any Debt Securities or the proceeds
thereof. The Trustee shall not be responsible for and makes no representations to the
Company’s ability or authority to issue Bearer Securities or the lawfulness thereof.

     Section 605. May Hold Debt Securities or Coupons.

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

     Section 606. Money Held in Trust.

     Money, held by the Trustee or any Paying Agent in trust hereunder need not be segregated from
other funds except to the extent required by law. Neither the Trustee nor any Paying Agent shall
be under any liability for interest on any money received by it hereunder except as otherwise
agreed with the Company.

     Section 607. Compensation and Reimbursement.

     The Company agrees

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

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

     (3) to fully indemnify, the Trustee for, and to hold it harmless against, any and all
claims, losses, liabilities, damages or expenses (including taxes other than taxes based
upon the income of the Trustee) incurred without negligence or willful misconduct on its
part, arising out of or in connection with the acceptance or administration of this trust or
performance of its duties hereunder, including the costs and expenses of defending itself

44

 

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

     As security for the performance of the obligations of the Company under this Section the
Trustee shall have a claim prior to the Debt Securities and any coupons 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) or interest on particular Debt Securities or any coupons.

     Section 608. Disqualification; Conflicting Interests.

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

     Section 609. Corporate Trustee Required; Eligibility.

     There shall at all times be a Trustee hereunder which shall be a corporation that is eligible
pursuant to the Trust Indenture Act to act as such and organized and doing business under the laws
of the United States, any State thereof or the District of Columbia authorized under such laws to
exercise corporate trust powers, having a combined capital and surplus of at least 55,000,000, and
subject to supervision or examination by Federal or State authority; provided, however, that if
Section 310(a) of the Trust Indenture Act or the rules and regulations of the Commission under the
Trust Indenture Act at any time permit a corporation organized and doing business under the laws of
any other jurisdiction to serve as trustee of an indenture qualified under the Trust Indenture Act,
this Section 609 shall be automatically amended to permit a corporation organized and doing
business under the laws of any such other jurisdiction to serve as Trustee hereunder. If such
corporation publishes reports of condition at least annually, pursuant to lave or to the
requirements of the aforesaid supervising or examining authority, then for the purposes of this
Section, the combined capital and surplus of such corporation 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 shall cease to be eligible in accordance with the provisions of this Section, it
shall resign promptly in the manner and with the effect hereinafter specified in this Article.

     Section 610. Resignation and Removal; Appointment of Successor.

     (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee under Section 611.

     (b) The Trustee may resign at any time with respect to the Debt Securities of one or more
series 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 at the expense of the Company any

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court of competent jurisdiction for the appointment of a successor Trustee with respect to the Debt
Securities of such series.

     (c) The Trustee may be removed at any time with respect to the Debt Securities of any series
by Act of the Holders of a majority in principal amount of the Outstanding Debt Securities of such
series, delivered to the Trustee and to the Company. If an instrument of acceptance by a successor
Trustee shall not have been delivered to the Trustee within 30 days of receipt of such Act
specifying removal, the removed Trustee may petition at the expense of the Company any court of
competent jurisdiction for the appointment of a successor Trustee with respect to the Debt
Securities of such series.

     (d) If at any time:

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

     (2) the Trustee shall cease to be eligible under Section 609 with respect to any series
of Debt Securities and shall fail to resign after written request therefor by the Company or
by any such Holder, or

     (3) the Trustee shall become incapable of acting with respect to any series of Debt
Securities or a decree or order for relief by a court having jurisdiction in the premises
shall have been entered in respect of the Trustee in an involuntary case under the Federal
bankruptcy laws, as now or hereafter constituted or any other applicable Federal or State
bankruptcy, insolvency or similar law; or a decree or order by a court having jurisdiction
in the premises shall have been entered for the appointment of a receiver, custodian,
liquidator, assignee, trustee, sequestrator or other similar official of the Trustee or of
its property or affairs, or any public officer shall take charge or control of the Trustee
or of its property or affairs for the purpose of rehabilitation, conservation, winding up or
liquidation, or

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

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

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 the services provided
by the Trustee hereunder may be obtained at a substantially lower cost to the Company.

          (e) If the Trustee shall resign, be removed or become incapable of acting with respect to any
series of Debt Securities, or if a vacancy shall occur in the office of Trustee for any cause, with
respect to the Debt Securities of one or more series, the Company, by a Board Resolution, shall
promptly appoint a successor Trustee or Trustees with respect to the Debt Securities of that or
those series (it being understood that any such successor Trustee may be appointed with respect to
the Debt Securities of one or more or all of such series and that at any time there shall be only
one Trustee with respect to the Debt Securities of any particular series) and shall comply with the
applicable requirements of Section 611. If, within one year after such resignation, removal or
incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Debt
Securities of any series shall be appointed by Act of the Holders of a majority in principal amount
of the Outstanding Debt Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such
appointment, become the successor Trustee with respect to the Debt Securities of such series and to
that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with
respect to the Debt Securities of any series shall have been so appointed by the Company or the
Holders and accepted appointment in the manner hereinafter provided, any Holder who has been a bona
fide Holder of a Debt Security of such series for at least six months may, subject to Section 514,
on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such
series.

          (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Debt Securities of any series and each appointment of a successor Trustee with
respect to the Debt Securities of any series by mailing written notice of such event by first-class
mail, postage prepaid, to the Holders of Registered Securities, if any, of such series as their
names and addresses appear in the Security Register and, if Debt Securities of such series are
issuable as Bearer Securities, by publishing notice of such event once in an Authorized Newspaper
in each Place of Payment located outside the United States. Each notice shall include the name of
the successor Trustee with respect to the Debt Securities of such series and the address of its
Corporate Trust Office.

     Section 611. Acceptance of Appointment by Successor.

          (a) In the case of an appointment hereunder of a successor Trustee with respect to all Debt
Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon 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 due under Section 607 hereof, 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.

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          (b) In the case of the appointment hereunder of a successor Trustee with respect to the Debt
Securities of one or more (but not all) series, the Company, the retiring Trustee upon payment of
its charges and each successor Trustee with respect to the Debt Securities of one or more series
shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall
accept such appointment and which (1) shall contain such provisions as shall be necessary or
desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or
those series to which the appointment of such successor Trustee relates, (2) if the retiring
Trustee is not retiring with respect to all Debt Securities, shall contain such provisions as shall
be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Debt Securities of that or those series as to which the
retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall
add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee, it being understood
that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of
the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate
and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the
execution and delivery of such supplemental indenture, the resignation or removal of the retiring
Trustee shall become effective to the extent provided therein and each such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those
series to which the appointment of such successor Trustee relates; but, on the request of the
Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Debt Securities of that or those series to which the appointment of such successor Trustee
relates.

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

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

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

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

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Securities shall not have been authenticated by such predecessor Trustee, any such successor
Trustee may authenticate and deliver such Debt Securities, in either its own name or that of its
predecessor Trustee, with the full force and effect which this Indenture provides for the
certificate of authentication of the Trustee.

     Section 613. Preferential Collection of Claims Against Company.

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

     Section 614. Authenticating Agent.

     The Trustee shall upon Company request appoint one or more authenticating agents (including,
without limitation, the Company or any Affiliate thereof) with respect to one or more series of
Debt Securities which shall be authorized on behalf of the Trustee in authenticating Debt
Securities of such series in connection with the issue, delivery, registration of transfer,
exchange, partial redemption or repayment of such Debt Securities. Wherever reference is made in
this Indenture to the authentication of Debt Securities by the Trustee or the Trustee’s certificate
of authentication, such reference shall be deemed to include authentication on behalf of the
Trustee by an authenticating agent and a certificate of authentication executed on behalf of the
Trustee by an authenticating agent. Each authenticating agent must be acceptable to the Company and
must be a corporation organized and doing business under the laws of the United States or of any
State, having a combined capital and surplus of at least $1,000,000, authorized under such laws to
do a trust business and subject to supervision or examination by Federal or State authorities or
the equivalent foreign authority in the case of an authenticating agent who is not organized and
doing business under the laws of the United States or of any State thereof or the District of
Columbia.

     The Trustee hereby initially appoints [authenticating agent] as its authenticating agent.

     Any corporation succeeding to the corporate agency business of an authenticating agent shall
continue to be an authenticating agent without the execution or filing of any paper or any further
act on the part of the Trustee or such authenticating agent.

     An authenticating agent may at any time resign with respect to one or more series of Debt
Securities by giving written notice of resignation to the Trustee and to the Company. The Trustee
may at any time terminate the agency of any authenticating agent with respect to one or more series
of Debt Securities by giving written notice of termination to such authenticating agent and to the
Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time an authenticating agent shall cease to be eligible in accordance with the provisions of this
Section, the Trustee promptly may appoint a successor authenticating agent. Any successor
authenticating agent upon acceptance of its appointment hereunder shall become
vested with all rights, powers and duties of its predecessor hereunder, with like effect as if
originally named as an authenticating agent herein. No successor authenticating agent shall be
appointed unless eligible under the provisions of this Section.

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

     The provisions of Sections 104, 111, 306, 309, 603, 604, 605 and 607 shall be applicable to
any authenticating agent.

     Pursuant to each appointment made under this Section, the Debt Securities of each series
covered by such appointment may have endorsed thereon, in lieu of the Trustees certificate of
authentication, an alternate certificate of authentication in substantially the following form:

     This is one of the Debt Securities, of the series designated herein, described in the
within-mentioned Indenture.

	 	 	 	 	 
	 	 	THE BANK OF NEW YORK
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	As Authenticating Agent for the Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory
	 
	 	 	 	 
	 

	 	Dated:	 	 
	 

	 	 	 	 

ARTICLE SEVEN

Holders’ Lists and Reports By Trustee and Company

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

     The Company will furnish or cause to be furnished to the Trustee with respect to Debt
Securities of each series for which it acts as Trustee:

     (1) semi-annually, not more than 15 days after the Regular Record Date in respect of
the Debt Securities of such series or on May 15 and November 15 of each year with respect to
each series of Debt Securities for which there are no Regular Record Dates, a list, in such
form as the Trustee may reasonably require, of the names and addresses of the Holders of
Registered Securities as of such Regular Record Date or May 1 or November 1, as the case may
be, and

     (2) at such other times as the Trustee may request in writing, within 30 days after the
receipt by the Company of any such request, a list of similar form and content as of a date
not more than 15 days prior to the time such list is furnished; provided, however, that if
and so long as the Trustee shall be the Security Registrar, no such list need be furnished.

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     Section 702. 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 of Registered Securities contained in the most recent list furnished to
the Trustee as provided in Section 701 and the names and addresses of Holders of Registered
Securities received by the Trustee in its capacity as Paying Agent or Security Registrar, if so
acting. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of
a new list so furnished. The Trustee shall preserve for at least two years the names and addresses
of Holders of Bearer Securities filed with the Trustee by such Holders.

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

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

     Section 703. Reports by Trustee.

          (a) Within 60 days after May 15 of each year commencing with the first May 15 after the first
issuance of Debt Securities pursuant to this Indenture and at any other time required by the Trust
Indenture Act, the Trustee shall transmit to Holders such reports concerning the Trustee and its
actions under this Indenture and such other matters as may be required pursuant to the Trust
Indenture Act in the manner required by 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 any Debt Securities of such series are listed, with
the Commission and also with the Company. The Company will notify the Trustee when any series of
Debt Securities are listed on any stock exchange.

     Section 704. Reports by Company.

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

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

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ARTICLE EIGHT

Consolidation, Merger, Conveyance, Transfer or Lease

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

     The Company shall not consolidate with or merge into any other corporation or convey, transfer
or lease its properties and assets substantially as an entirety to any Person, unless:

     (1) the corporation formed by such consolidation or into which the Company is merged or
the Person which acquires by conveyance or transfer, or which leases, the properties and
assets of the Company substantially as an entirety shall be a corporation organized and
existing under the laws of the United States of America, any political subdivision thereof
or any State thereof and shall expressly assume, by an indenture supplemental hereto,
executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and
punctual payment of the principal of (and premium, if any) and interest (including all
additional amounts, if any, payable pursuant to Section 1006) on all the Debt Securities and
any related coupons and the performance of every covenant of this Indenture on the part of
the Company to be performed or observed;

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

     (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel each stating that such consolidation, merger, conveyance, transfer or lease and such
supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been met.

     Section 802. Successor Corporation Substituted.

     Upon any consolidation with or merger into any other corporation, or any conveyance, transfer
or lease of the properties and assets of the Company substantially as an entirety in accordance
with Section 801, the successor corporation formed by such consolidation or into which the Company
is merged or to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture with
the same effect as if such successor had been named as the Company
herein, and thereafter, except in the case of a lease, the Company (which term for this
purpose shall mean the Person named as the “Company “ in the first paragraph of this instrument or
any successor corporation which shall theretofore have become such in the manner presented in this
Article) shall be relieved of all obligations and covenants under this Indenture and the Debt
Securities and coupons.

ARTICLE NINE

Supplemental Indentures

     Section 901. Supplemental Indentures without Consent of Holders.

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     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 evidence the succession of another corporation to the Company, and the
assumption by such successor of the covenants of the Company herein and in the Debt
Securities contained; or

     (2) to add to the covenants of the Company, for the benefit of the Holders of all or
any series of Debt Securities or coupons (and if such covenants are to be for the benefit of
less than all series of Debt Securities or coupons, stating that such covenants are
expressly being included solely for the benefit of such series), to convey, transfer,
assign, mortgage or pledge any property to or with the Trustee, or to surrender any right or
power herein conferred upon the Company; or

     (3) to add any additional Events of Default (and if such Events of Default are to be
applicable to less than all series of Debt Securities, stating that such Events of Default
are expressly being included solely to be applicable to such series); or

     (4) to add to, change or eliminate any of the provisions of this Indenture to provide
that Bearer Securities may be registrable as to principal, to change or eliminate any
restrictions on the payment of principal (or premium, if any) on Registered Securities or of
principal (or premium, if any) or any interest on Bearer Securities, to permit Bearer
Securities to be issued in exchange for Registered Securities of other authorized
denominations or to permit or facilitate the issuance of Debt Securities in uncertificated
form, provided any such action shall not adversely affect the interests of the Holders of
Debt Securities of any series or any related coupons in any material respect; or

     (5) to change or eliminate any of the provisions of this Indenture, provided that any
such change or elimination (a) shall become effective only when there is no Debt Security
Outstanding of any series created prior to the execution of such supplemental indenture
which is entitled to the benefit of such provisions or (b) shall not apply to any Debt
Security Outstanding; or

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

     (7) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Debt Securities of one or more series and to add to or change
any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, pursuant to the
requirements of Section 611(b); or

     (8) to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other provisions
with respect to matters or questions arising under this Indenture which shall not be
inconsistent with any provision of this Indenture, provided such other

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provisions shall not
adversely affect the interests of the Holders of Debt Securities of any series or any
related coupons in any material respect; or

     (9) to add to or change or eliminate any provision of this Indenture as shall be
necessary or desirable in accordance with any amendments to the Trust Indenture Act,
provided such action shall not adversely affect the interest of Holders of Debt Securities
of any series or any appurtenant coupons in any material respect.

     Section 902. Supplemental Indentures with Consent of Holders.

     With the consent of the Holders of not less than a majority in principal amount of the
Outstanding Debt Securities of all series affected by such supplemental indenture, acting together
as a class, 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 of such Debt Securities of such series and any related coupons;
provided, however, that no such supplemental indenture shall, without the consent of the Holder of
each Outstanding Debt Security or coupon affected thereby,

     (1) change the Stated Maturity of the principal or any installment of principal of, or
any installment of interest on, any Debt Security, or reduce the principal amount thereof or
the interest thereon or any premium payable upon redemption or repayment thereof or change
any obligation of the Company to pay additional amounts pursuant to Section 1006 (except as
contemplated by Section 801(1) and permitted by Section 901(1)), or reduce the amount of the
principal of an Original Issue Discount Security that would be due and payable upon a
declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any
Place of Payment, or the coin or currency in which any Debt Security or the interest thereon
or any coupon is payable, or impair the right to institute suit for the enforcement of any
such payment on or after the Stated Maturity thereof (or, in the case of redemption or
repayment, on or after the Redemption Date or Repayment Date, as the case may be), or

     (2) reduce the percentage in principal amount of the Outstanding Debt Securities of any
series, the consent of whose Holders is required for any such supplemental indenture, or the
consent of whose Holders is required for any waiver (of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences) provided for in this
Indenture, or reduce the requirements of Section 1404 for quorum or voting, or

     (3) modify any of the provisions of this Section, Section 513 or Section 1008, except
to increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Debt Security affected thereby; provided, however, that this clause shall not be deemed to
require the consent of any Holder with respect to changes in the references to “the Trustee”
and concomitant changes in this Section and Section 1008, or the

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deletion of this proviso,
in accordance with the requirements of Section 611 (b) and 901(7), or

     (4) adversely affect the right to repayment, if any, of Debt Securities of any series
at the option of the Holders thereof.

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

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

     Section 903. Execution of Supplemental Indentures.

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

     Section 904. Effect of Supplemental Indentures.

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

     Section 905. Conformity with Trust Indenture Act.

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

     Section 906. Reference in Debt Securities to Supplemental Indentures.

     Debt Securities of any series authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a
notation in form approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Debt Securities of any series and any appurtenant
coupons so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any
such supplemental indenture may be prepared and executed by the Company

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and authenticated and
delivered by the Trustee in exchange for Outstanding Debt Securities of such series and any
appurtenant coupons.

ARTICLE TEN

Covenants

     Section 1001. Payment of Principal, Premium and Interest.

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

     Any interest due on Bearer Securities on or before Maturity, other than additional amounts, if
any, payable as provided in Section 1006 in respect of principal of (or premium, if any, on) such a
Debt Security, shall be payable only upon presentation and surrender of the several coupons for
such interest installments as are evidenced thereby as they severally mature.

     Section 1002. Maintenance of Office or Agency.

     The Company will maintain in each Place of Payment for any series of Debt Securities an office
or agency where Debt Securities (but, except as otherwise provided below, unless such Place of
Payment is located outside the United States, not Bearer Securities) may be presented or
surrendered for payment, where Debt Securities may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the Debt Securities and
this Indenture may be served. If Debt Securities of a series are issuable as Bearer Securities, the
Company will maintain, subject to any laws or regulations applicable thereto, an office or agency
in a Place of Payment for such series which is located outside the United States where Debt
Securities of such series and the related coupons may be presented and surrendered for payment
(including payment of any additional amounts payable on Debt Securities of such
series pursuant to Section 1006); provided, however, that if the Debt Securities of such
series are listed on The Stock Exchange of the United Kingdom and the Republic of Ireland or the
Luxembourg Stock Exchange or any other stock exchange located outside the United States and such
stock exchange shall so require, the Company will maintain a Paying Agent in London or Luxembourg
or any other required city located outside the United States, as the case may be, so long as the
Debt Securities of such series are listed on such exchange. The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of any such office or
agency. If at any time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices
or demands may be made or served at the Corporate Trust Office of the Trustee, and the Company
hereby appoints the Trustee its agent to receive all presentations, surrenders, notices and
demands, except that Bearer Securities of that series and the related coupons may be presented and
surrendered for payment (including payment of any additional amounts payable on Bearer Securities
of that series pursuant to Section 1006) at the place specified for the purpose pursuant to Section
301(5).

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     No payment of principal of, premium or interest on Bearer Securities shall be made at any
office or agency of the Company in the United States or by check mailed to any address in the
United States or by transfer to an account maintained with a bank located in the United States;
provided, however, payment of principal of and any premium and interest denominated in Dollars
(including additional amounts payable in respect thereof) on any Bearer Security may be made at an
office or agency of, and designated by, the Company located in the United States if (but only if)
payment of the full amount of such principal, premium, interest or additional amounts in Dollars at
all offices outside the United States maintained for the purpose by the Company in accordance with
this Indenture is illegal or effectively precluded by exchange controls or other similar
restrictions and the Trustee receives an Opinion of Counsel that such payment within the United
States is legal. Unless otherwise provided as contemplated by Section 301 with respect to any
series of Debt Securities, at the option of the Holder of any Bearer Security or related coupon
payment may be made by check in the currency designated for such payment pursuant to the terms of
such Bearer Security presented or mailed to an address outside the United States or by transfer to
an account in such currency maintained by the payee with a bank located outside the United States.

     The Company may also from time to time designate one or more other offices or agencies (in or
outside of such Place of Payment) where the Debt Securities of one or more series and any
appurtenant coupons (subject to the preceding paragraph) may be presented or surrendered for any or
all such purposes, and may from time to time rescind such designations; provided, however, that no
such designation or rescission shall in any manner relieve the Company of its obligation to
maintain an office or agency in each Place of Payment for any series of Debt Securities for such
purposes. The Company will give prompt written notice to the Trustee of any such designation and
any change in the location of any such other office or agency.

     Section 1003. Money for Debt Securities Payments to Be Held in Trust.

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

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

     The Company will cause each Paying Agent with respect to any series of Debt Securities other
than the Trustee to execute and deliver to the Trustee an instrument in which such Paying

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Agent
shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent
will

     (1) hold all sums held by it for the payment of the principal of (and premium, if any)
or interest on Debt Securities of such series and any appurtenant coupons in trust for the
benefit of the Persons entitled thereto until such sums shall be paid to such Persons or
otherwise disposed of as herein provided;

     (2) give the Trustee notice of any default by the Company (or any other obligor upon
the Debt Securities of such series or any appurtenant coupons) in the making of any payment
of principal of (and premium, if any) or interest on the Debt Securities of such series or
any appurtenant coupons; and

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

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

     Except as otherwise provided in the Debt Securities of any series, any principal and interest
received on the Eligible Instruments deposited with the Trustee or any money deposited with the
Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal
of (and premium, if any) or interest on any Debt Security of any series or any appurtenant coupons
or any money on deposit with the Trustee or any Paying Agent representing amounts deducted from the
Redemption Price or Repayment Price with respect to unmatured
coupons not presented upon redemption or exercise of the Holder’s option for repayment
pursuant to Section 1106 or 1303 and remaining unclaimed for two years after such principal (and
premium, if any) or interest has become due and payable shall be paid to the Company on Company
Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of
such Debt Security or any coupon appertaining thereto shall thereafter, as an unsecured general
creditor, look only to the Company for payment thereof, and all liability of the Trustee or such
Paying Agent with respect to such trust money (including the principal and interest received on
Eligible Instruments deposited with the Trustee), and all liability of the Company as trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before
being required to make any such repayment, may at the expense of the Company cause to be published
once, in an Authorized Newspaper of general circulation in the Borough of Manhattan, The City of
New York, and each Place of Payment or mailed to each such Holder, or both, notice that such money
remains unclaimed and that, after a date specified therein, which shall not be less than 30 days
from the date of such publication or mailing, any unclaimed balance of such money then remaining
will be repaid to the Company.

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     Section 1004. [Reserved].

     Section 1005. Restrictions Upon Sale or Issuance of Capital Stock of Certain Subsidiary Banks.

     The Company (i) will not, and will not permit any Subsidiary to, sell, assign, pledge,
transfer or otherwise dispose of any shares of Capital Stock of or any securities convertible into
Capital Stock of any Principal Subsidiary Bank or any shares of Capital Stock of any Subsidiary
owning, directly or indirectly, in whole or in part, Capital Stock of any Principal Subsidiary Bank
and (ii) will not permit any Principal Subsidiary Bank to issue any shares of its Capital Stock or
any securities convertible into its Capital Stock, except:

     (1) any sale, assignment, pledge, transfer or other disposition or issuance made, in
the minimum amount required by law, to any person for the purpose of the qualification of
such person to serve as a director;

     (2) any sale, assignment, pledge, transfer or other disposition or issuance if, after
giving effect to such disposition and to the issuance of any shares issuable upon conversion
or exchange of securities convertible or exchangeable into Capital Stock, the Company would
own directly or indirectly through other Subsidiaries not less than 80% of the shares of
each class of Capital Stock of such Principal Subsidiary Bank;

     (3) any sale, assignment, pledge, transfer or other disposition or issuance made in
compliance with an order or direction of a court or regulatory authority of competent
jurisdiction or as a condition imposed by any such court or regulatory authority to the
acquisition by the Company or any Subsidiary, directly or indirectly, of any other Person;

     (4) any sale by any Principal Subsidiary Bank of additional shares of Capital Stock to
its stockholders at any price, so long a (a) prior to such sale the Company owns,
directly or indirectly, shares of the same class and (b) immediately after such sale,
the percentage of the shares of such class of Capital Stock owned by the Company shall not
have been reduced;

     (5) any dispositions made by the Company or any Principal Subsidiary Bank (A) acting in
a fiduciary capacity for any Person other than the Company or any Principal Subsidiary Bank
or (B) to the Company or any wholly-owned Subsidiary;

     (6) the merger or consolidation of a Principal Subsidiary Bank with and into another
Principal Subsidiary Bank; or

     (7) a pledge made or a lien created to secure loans or other extensions of credit by a
Principal Subsidiary Bank subject to Section 23A of the Federal Reserve Act.

     Section 1006. Payment of Additional Amounts.

     If the Debt Securities of a series provide for the payment of additional amounts, the Company
will pay to the Holder of any Debt Security of any series or any coupon appertaining

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thereto
additional amounts upon the terms and subject to the conditions provided therein. Whenever in this
Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any)
or interest on, or in respect of, any Debt Security of any series or any related coupon or the net
proceeds received on the sale or exchange of any Debt Security of any series, such mention shall be
deemed to include mention of the payment of additional amounts provided for in the terms of such
Debt Securities and this Section to the extent that, in such context, additional amounts are, were
or would be payable in respect thereof pursuant to the provisions of this Section and express
mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be
construed as excluding additional amounts in those provisions hereof where such express mention is
not made.

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

     Section 1007. Officers’ Certificate as to Default.

     The Company will deliver to the Trustee, on or before a date not more than four months after
the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate,
stating whether or not to the best knowledge of the signers thereof the Company is in default in
the performance and observance of any of the terms, provisions and conditions of this Indenture,
and, if the Company shall be in default, specifying all such defaults and the nature thereof of
which they may have knowledge.

     Section 1008. Waiver of Certain Covenants.

     The Company may omit in any particular instance to comply with any covenant or condition set
forth in Section 1005 with respect to the Debt Securities of any series or any other covenant or
condition applicable to the Debt Securities of any series pursuant to Section 301 unless such
covenant or condition is determined pursuant to Section 301 not to be subject to this

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provision if,
before the time for such compliance the Holders of at least a majority in principal amount of all
series of the Debt Securities at the time Outstanding to which such covenant or condition applies
shall, acting together as a class, 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 so expressly waived, and, until
such waiver shall become effective, the obligations of the Company and the duties of the Trustee in
respect of any such covenant or condition shall remain in full force and effect.

     Section 1009. Calculation of Original Issue Discount.

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

ARTICLE ELEVEN

Redemption of Debt Securities

     Section 1101. Applicability of Article.

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

     Section 1102. Election to Redeem; Notice to Trustee.

     The election of the Company to redeem any Debt Securities shall be evidenced by a Board
Resolution. In case of any redemption at the election of the Company of less than all of the Debt
Securities of any series, the Company shall, at least 45 days prior to the Redemption Date fixed by
the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of
such Redemption Date and of the principal amount and the tenor and terms of the Debt Securities of
any series to be redeemed. In the case of any redemption of Debt Securities prior to the expiration
of any restriction on such redemption provided in the terms of such Debt Securities or elsewhere in
this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing
compliance with such restriction.

     Section 1103. Selection by Trustee of Debt Securities to be Redeemed.

     Except as otherwise specified as contemplated by Section 301 for Debt Securities of any
series, if less than all the Debt Securities of any series with like tenor and terms are to be
redeemed, the particular Debt Securities to be redeemed shall be selected not more than 60 days
prior to the Redemption Date by the Trustee, from the Outstanding Debt Securities of such series
with like tenor and terms not previously called for redemption, by such method as the Trustee shall
deem fair and appropriate and which may provide for the selection for redemption of

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portions (equal
to the minimum authorized denomination for Debt Securities of such series or any integral multiple
thereof which is also an authorized denomination) of the principal amount of Registered Securities
or Bearer Securities (if issued in more than one authorized denomination) of such series of a
denomination larger than the minimum authorized denomination for Debt Securities of such series.

     The Trustee shall promptly notify the Company in writing of the Debt Securities selected for
redemption and, in the case of any Debt 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 Debt Securities shall relate, in the case of any Debt Security
redeemed or to be redeemed only in part, to the portion of the principal amount of such Debt
Security which has been or is to be redeemed.

     Section 1104. Notice of Redemption.

     Notice of redemption shall be given in the manner provided in Section 106 not less than 30 nor
more than 60 days prior to the Redemption Date, to each Holder of Debt Securities to be redeemed.

     All notices of redemption shall state:

     (1) the Redemption Date,

     (2) the Redemption Price,

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

     (4) that on the Redemption Date the Redemption Price will become due and payable upon
each such Debt Security to be redeemed, and that interest thereon shall cease to accrue on
and after said date, the Place or Places of Payment where such Debt Securities, together in
the case of Bearer Securities with all coupons, if any, appertaining thereto maturing after
the Redemption Date, are to be surrendered for payment of the Redemption Price,

     (6) that Bearer Securities may be surrendered for payment only at such place or places
which are outside the United States, except as otherwise provided in Section 1002,

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

     (8) the CUSIP number, if any.

     A notice of redemption published as contemplated by Section 106 need not identify particular
Registered Securities to be redeemed.

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

     Section 1105. Deposit of Redemption Price.

     On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a
Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 1003) an amount of money and/or, to the extent the Debt Securities to be
redeemed are denominated and payable in Dollars only, Eligible Instruments the payments of
principal and interest on which when due (and without reinvestment and providing no tax liability
will be imposed upon the Trustee or the Holders of the Debt Securities to be redeemed) will provide
money on or prior to the Redemption Date in such amounts as will (together with any money
irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the
Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued
interest on, all the Debt Securities or portions thereof which are to be redeemed on that date;
provided, however, that deposits with respect to Bearer Securities shall be made with a Paying
Agent or Paying Agents located outside the United States except as otherwise provided in Section
1002, unless otherwise specified as contemplated by Section 301.

     Section 1106. Debt Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, the Debt 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 shall default in the payment of the Redemption Price and
accrued interest) such Debt Securities shall cease to bear interest and the coupons for such
interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided
below, shall be void. Upon surrender of any such Debt Security for redemption in accordance with
said notice, such Debt Security shall be paid by the Company at the Redemption Price, together with
accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer
Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only upon
presentation and surrender of coupons for such interest (at an office or agency located outside the
United States except as otherwise provided in Section 1002), and provided further, that
installments of interest on Registered Securities whose Stated Maturity is on or prior to the
Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor
Securities, registered as such on the relevant Record Dates according to their terms and the
provisions of Section 307.

     If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant
coupons maturing after the Redemption Date, such Bearer Security may be paid after deducting from
the Redemption Price an amount equal to the face amount of all such missing coupons, or the
surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there
be furnished to them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to the
Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been
made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted
without interest thereon; provided, however, that

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interest represented by coupons shall be payable
only upon presentation and surrender of those coupons at an office or agency located outside of the
United States except as otherwise provided in Section 1002.

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

     Section 1107. Debt Securities Redeemed in Part.

     Any Registered Security which is to be redeemed only in part shall be surrendered at a Place
of Payment therefor (with, if the Company, the Security Registrar or the Trustee so requires, due
endorsement by, or a written instrument of transfer in form satisfactory to the Company, the
Security Registrar 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 Debt Security without service charge, a new Registered Security or
Registered Securities of the same series and of like tenor and terms, of any authorized
denominations as requested by such Holder in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Debt Security so
surrendered.

ARTICLE TWELVE

Sinking Funds

     Section 1201. Applicability of Article.

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

     The minimum amount of any sinking fund payment provided for by the terms of Debt Securities of
any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess
of such minimum amount provided for by the term of Debt Securities of any series is herein referred
to an “optional sinking fund payment”. If provided for by the terms of Debt Securities of any
series, the amount of any sinking fund payment may be subject to reduction as provided in Section
1202. Each sinking fund payment shall be applied to the redemption of Debt Securities of any series
as provided for by the terms of Debt Securities of such series.

     Section 1202. Satisfaction of Sinking Fund Payments with Debt Securities.

     The Company (1) may deliver Outstanding Debt Securities of a series (other than any previously
called for redemption), together in the case of any Bearer Securities of such series with all
unmatured coupons appertaining thereto, and (2) may apply as a credit Debt Securities of a series
which have been redeemed either at the election of the Company pursuant to the terms of such Debt
Securities or through the application of permitted optional sinking fund payments pursuant to the
terms of such Debt Securities, in each case in satisfaction of all or any part of any

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sinking fund
payment with respect to the Debt Securities of such series required to be made pursuant to the
terms of such Debt Securities as provided for by the terms of such series; provided that such Debt
Securities have not been previously so credited. Such Debt Securities shall be received and
credited for such purpose by the Trustee at the Redemption Price specified in such Debt Securities
for redemption through operation of the sinking fund and the amount of such sinking fund payment
shall be reduced accordingly. If as a result of the delivery or credit of Debt Securities in lieu
of cash payments pursuant to this Section 1202 the principal amount of Debt Securities to be
redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee
need not call Debt Securities for redemption, except upon Company Request, and such cash payment
shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund
payment, provided, however, that the Trustee or such Paying Agent shall at the request of the
Company from time to time pay over and deliver to the Company any cash payment so being held by the
Trustee or such Paying Agent upon delivery by the Company to the Trustee of Debt Securities
purchased by the Company having an unpaid principal amount equal to the cash payment requested to
be released to the Company.

     Section 1203. Redemption of Debt Securities for Sinking Fund.

     Not less than 60 days prior to each sinking fund payment date for any series of Debt
Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver
to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund
payment for that series pursuant to the terms of that series, the portion thereof if any, which is
to be satisfied by payment of cash, the portion thereof, if any, which is to be satisfied by
crediting Debt Securities of that series pursuant to Section 1202 and the basis for any such credit
and, prior to or concurrently with the delivery of such Officers’ Certificate, will also deliver to
the Trustee any Debt Securities to be so credited and not theretofore delivered to the Trustee. Not
less than 30 days (unless a shorter period shall be satisfactory to the Trustee) before each such
sinking fund payment date the Trustee shall select the Debt Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 1103 and cause notice of the
redemption thereof to be given in the name of and at the expense of the Company in the manner
provided in Section 1104. Such notice having been duly given, the redemption of such Debt
Securities shall be made upon the terms and in the manner stated in Sections 1105, 1106 and 1107.

ARTICLE THIRTEEN

Repayment at the Option of Holders

     Section 1301. Applicability of Article.

     Debt Securities of any series which are repayable at the option of the Holders thereof before
their Stated Maturity shall be repaid in accordance with their terms and (except as otherwise
specified pursuant to Section 301 for Debt Securities of such series) in accordance with this
Article.

     Section 1302. Repayment of Debt Securities.

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     Each Debt Security which is subject to repayment in whole or in part at the option of the
Holder thereof on a Repayment Date shall be repaid at the applicable Repayment Price together with
interest accrued to such Repayment Date as specified pursuant to Section 301.

     Section 1303. Exercise of Option; Notice.

     Each Holder desiring to exercise such Holder’s option for repayment shall, as conditions to
such repayment, surrender the Debt Security to be repaid in whole or in part together with written
notice of the exercise of such option at any office or agency of the Company in a Place of Payment,
not less than 30 nor more than 45 days prior to the Repayment Date; provided, however, that
surrender of Bearer Securities together with written notice of exercise of such option shall be
made at an office or agency located outside the United States except as otherwise provided in
Section 1002. Such notice, which shall be irrevocable, shall specify the principal amount of such
Debt Security to be repaid which shall be equal to the minimum authorized
denomination for such Debt Security or an integral multiple thereof, and shall identify the
Debt Security to be repaid and, in the case of a partial repayment of the Debt Security, shall
specify the denomination or denominations of the Debt Security or Debt Securities of the same
series to be issued to the Holder for the portion of the principal of the Debt Security surrendered
which is not to be repaid.

     If any Bearer Security surrendered for repayment shall not be accompanied by all unmatured
coupons and all matured coupons in default, such Bearer Security may be paid after deducting from
the Repayment Price an amount equal to the face amount of all such missing coupons, or the
surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there
be furnished to them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to the
Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been
made from the Repayment Price, such Holder shall be entitled to receive the amount so deducted
without interest thereon; provided, however, that interest represented by coupons shall be payable
only at an office or agency located outside the United States except as otherwise provided in
Section 1002.

     The Company shall execute and the Trustee shall authenticate and deliver without service
charge to the Holder of any Registered Security so surrendered a new Registered Security or
Securities of the same series, of any authorized denomination specified in the foregoing notice, in
an aggregate principal amount equal to any portion of the principal of the Registered Security so
surrendered which is not to be repaid.

     The Company shall execute and the Trustee shall authenticate and deliver without service
charge to the Holder of any Bearer Security so surrendered a new Registered Security or Securities
or new Bearer Security or Securities (and all appurtenant unmatured coupons and matured coupons in
default) or any combination thereof of the same series of any authorized denomination or
denominations specified in the foregoing notice, in an aggregate principal amount equal to any
portion of the principal of the Debt Security so surrendered which is not to be paid; provided,
however, that the issuance of a Registered Security therefor shall be subject to applicable laws
and regulations, including provisions of the United States Federal income tax laws and regulations
in effect at the time of the exchange; neither the Company, the Trustee nor

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the Security Registrar
shall issue Registered Securities for Bearer Securities if it has received an Opinion of Counsel
that as a result of such issuance the Company would suffer adverse consequences under the United
States Federal income tax laws then in effect and the Company has delivered to the Trustee a
Company Order directing the Trustee not to make such issuances thereafter unless and until the
Trustee receives a subsequent Company Order to the contrary. The Company shall deliver copies of
such Company Order to the Security Registrar.

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

     Section 1304. Election of Repayment by Remarketing Entities.

     The Company may elect, with respect to Debt Securities of any series which are repayable at
the option of the Holders thereof before their Stated Maturity, at any time prior to any Repayment
Date to designate one or more Remarketing Entities to purchase, at a price equal to the Repayment
Price, Debt Securities of such series from the Holders thereof who give notice and surrender their
Debt Securities in accordance with Section 1303.

     Section 1305. Securities Payable on the Repayment Date.

     Notice of exercise of the option of repayment having been given and the Debt Securities so to
be repaid having been surrendered as aforesaid, such Debt Securities shall, unless purchased in
accordance with Section 1304, on the Repayment Date become due and payable at the price therein
specified and from and after the Repayment Date such Debt Securities shall cease to bear interest
and shall be paid on the Repayment Date, and the coupons for such interest appertaining to Bearer
Securities so to be repaid, except to the extent provided above, shall be void, unless the Company
shall default in the payment of such price in which case the Company shall continue to be obligated
for the principal amount of such Debt Securities and shall be obligated to pay interest on such
principal amount at the rate borne by such Debt Securities from time to time until payment in full
of such principal amount.

ARTICLE FOURTEEN

Meetings of Holders of Debt Securities

     Section 1401. Purposes for Which Meetings May Be Called.

     If Debt Securities of a series are issuable in whole or in part as Bearer Securities, a
meeting of Holders of Debt Securities of such series may be called at any time and from time to
time pursuant to this Article to make, give or take any request, demand, authorization, direction,
notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by
Holders of Debt Securities of such series.

     Section 1402. Call, Notice and Place of Meetings.

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     (a) The Trustee may at any time call a meeting of Holders of Debt Securities of any series
issuable as Bearer Securities for any purpose specified in Section 1401, to be held at such time
and at such place in the Borough of Manhattan, The City of New York, or in London as the Trustee
shall determine. Notice of every meeting of Holders of Debt Securities of any series, setting forth
the time and the place of such meeting and in general terms the action proposed to be taken at such
meeting, shall be given, in the manner provided in Section 106, not less than 21 nor more than 180
days prior to the date fixed for the meeting.

     (b) In case at any time the Company, pursuant to a Board Resolution, or the Holders of at
least 10% in principal amount of the Outstanding Debt Securities of any series shall have requested
the Trustee to call a meeting of the Holders of Debt Securities of such series for any purpose
specified in Section 1401, by written request setting forth in reasonable detail the action
proposed to be taken at the meeting, and the Trustee shall not have made the first publication
of the notice of such meeting within 21 days after receipt of such request or shall not thereafter
proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Debt
Securities of such series in the amount above specified, as the case may be, may determine the time
and the place in the Borough of Manhattan, The City of New York, or in London for such meeting and
may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of
this Section.

     Section 1403. Persons Entitled to Vote at Meetings.

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

     Section 1404. Quorum; Action.

     The Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities
of a series shall constitute a quorum for a meeting of Holders of Debt Securities of such series.
In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the
meeting shall, if convened at the request of Holders of Debt Securities of such series, be
dissolved. In the absence of a quorum in any other case the meeting may be adjourned for a period
of not less than 10 days as determined by the chairperson of the meeting prior to the adjournment
of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting
may be further adjourned for a period of not less than 10 days as determined by the chairperson of
the meeting prior to the adjournment of such adjourned meeting. Notice of this reconvening of any,
adjourned meeting shall be given as provided in Section 1402(a), except that such notice need be
given only once not less than five days prior to the date on which the meeting is scheduled to be
reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage,
as provided above, of the principal amount of the Outstanding Debt Securities of such series which
shall constitute a quorum.

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     Except as limited by the proviso to Section 902, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by
the affirmative vote of the Holders of majority in principal amount of the Outstanding Debt
Securities of that series, provided however, that, except as limited by the proviso to Section 902,
any resolution with respect to any request, demand, authorization, direction, notice, consent,
waiver or other Act which this Indenture expressly provides may be made, given or taken by the
Holders of a specified percentage, which is less than a majority, in principal amount of the
Outstanding Debt Securities of a series may be adopted at a meeting or an adjourned meeting duly
reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
such specified percentage in principal amount of the Outstanding Debt Securities of that series.

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

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

          (a) Notwithstanding any other provisions of this Indenture, the Trustee may make such
reasonable regulations as it may deem advisable for any meeting of Holders of Debt Securities of
such series in regard to proof of the holding of Debt Securities of such series and of the
appointment of proxies and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and
such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as
otherwise permitted or required by any such regulations, the holding of Debt Securities shall be
proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in
the manner specified in Section 104 or, in the case of Bearer Securities, by having the signature
of the person executing the proxy witnessed or guaranteed by any trust, company, bank or banker
authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations may
provide that written instruments appointing proxies, regular on their face, may be presumed valid
and genuine without the proof specified in Section 104 or other proof.

          (b) The Trustee shall, by an instrument in writing, appoint a temporary chairperson of the
meeting, unless the meeting shall have been called by the Company or by Holders of Debt Securities
as provided in Section 1402(b), in which case the Company or the Holders of Debt Securities of the
series calling the meeting, as the case may be, shall in like manner appoint a temporary
chairperson. A permanent chairperson and a permanent secretary of the meeting shall be elected by
vote of the Persons entitled to vote a majority in principal amount of the Outstanding Debt
Securities of such series represented at the meeting.

          (c) At any meeting each Holder of a Debt Security of such series or proxy shall be entitled to
one vote for each $1,000 principal amount (or the equivalent in ECU, any other composite currency
or a Foreign Currency) of Debt Securities of such series held or represented by him; provided,
however, that no vote shall be cast or counted at any meeting in respect of any Debt Security
challenged as not Outstanding and ruled by the chairperson of the

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meeting not to be Outstanding.
The chairperson of the meeting shall have no right to vote, except as a Holder of a Debt Security
of such series or proxy.

          (d) Any meeting of Holders of Debt Securities of any series duly called pursuant to Section
1402 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a
majority in principal amount of the Outstanding Debt Securities of such series represented at the
meeting; and the meeting may be held as so adjourned without further notice.

     Section 1406. Counting Votes and Recording Action of Meetings.

     The vote upon any resolution submitted to any meeting of Holders of Debt Securities of any
series shall be by written ballots on which shall be subscribed the signatures of the Holders of
Debt Securities of such series or of their representatives by proxy and the principal amounts and
serial numbers of the Outstanding Debt Securities of such series held or represented by them. The
permanent chairperson of the meeting shall appoint two inspectors of votes who shall count all
votes cast at the meeting for or against any resolution and who shall make and file with the
secretary of the meeting their verified written reports in triplicate of all votes cast at the
meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Debt
Securities of any series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any vote by ballot taken
thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of
the notice of the meeting and showing that said notice was given as provided in Section 1402 and,
if applicable, Section 1401. Each copy shall be signed and verified by the affidavits of the
permanent chairperson and secretary of the meeting and one such copy shall be delivered to the
Company, and another to the Trustee to be presented by the Trustee, the latter to have attached
thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive
evidence of the matters therein stated.

ARTICLE FIFTEEN

Defeasance and Covenant Defeasance

     Section 1501. Applicability of Article; Company’s Option to Effect Defeasance or Covenant
Defeasance.

     If, pursuant to Section 301, provision is made for either or both of (a) defeasance of the
Debt Securities of or within a series under Section 1502 or (b) covenant defeasance of the
Securities of or within a series under Section 1503 to be applicable to the Debt Securities of any
series, then the provisions of such Section or Sections, as the case may be, together with the
other provisions of this Article (with such modifications thereto as may be specified pursuant to
Section 301 with respect to any Debt Securities), shall be applicable to such Debt Securities and
any coupons appertaining thereto, and the Company may at its option by Board Resolution at any
time, with respect to such Debt Securities and any coupons appertaining thereto, elect to defease
such Outstanding Debt Securities and any coupons appertaining thereto pursuant to Section 1502 (if
applicable) or Section 1503 (if applicable) upon compliance with the conditions set forth below in
this Article.

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     Section 1502. Defeasance and Discharge.

     Upon the Company’s exercise of the above option applicable to this Section with respect to any
Debt Securities of or within a series, the Company shall be deemed to have been discharged from its
obligations with respect to such Outstanding Debt Securities and any coupons appertaining thereto
on and after the date the conditions set forth in Section 1504 are satisfied (hereinafter,
“defeasance”). For this purpose, such defeasance means that the Company shall be deemed to have
paid and discharged the entire indebtedness represented by such Outstanding Debt Securities and any
coupons appertaining thereto, which shall thereafter be
deemed to be “Outstanding” only for the purposes of Section 1505 and the other Sections of
this Indenture referred to in clauses (A) and (B) below, and to have satisfied all of its other
obligations under such Debt Securities and any coupons appertaining thereto and this Indenture
insofar as such Securities and any coupons appertaining thereto 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 Outstanding Debt Securities and any coupons appertaining thereto to
receive, solely from the trust fund described in Section 1504 and as more fully set forth in such
Section, payments in respect of the principal of (and premium, if any) and interest, if any, on
such Debt Securities and any coupons appertaining thereto when such payments are due, (B) the
Company’s obligations with respect to such Securities under Sections 304, 305, 306, 1002 and 1003
and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated
by Section 1006, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder and
(D) this Article. Subject to compliance with this Article Fifteen, the Company may exercise its
option under this Section notwithstanding the prior exercise of its option under Section 1503 with
respect to such Securities and any coupons appertaining thereto.

     Section 1503. Covenant Defeasance.

          Upon the Company’s exercise of the above option applicable to this Section with respect to any
Securities of or within a series, the Company shall be released from its obligations under Section
1005, and, if specified pursuant to Section 301, its obligations, with respect to such Outstanding
Debt Securities and any coupons appertaining thereto on and after the date the conditions set forth
in Section 1504 are satisfied (hereinafter, “covenant defeasance”), and such Debt Securities and
any coupons appertaining thereto shall thereafter be deemed to be not “Outstanding” for the
purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences
of any thereof) in connection with Section 1005, or such other covenant, but shall continue to be
deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance
means that, with respect to such Outstanding Debt Securities and any coupons appertaining thereto,
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 or such other covenant, whether directly or indirectly,
by reason of any reference elsewhere herein to any such Section or such other covenant or by reason
of reference in any such Section or such other covenant to any other provision herein or in any
other document and such omission to comply shall not constitute a default or an Event of Default
under Section 501(4) or 501(8) or otherwise, as the case may be, but, except as specified above,
the remainder of this Indenture and such Debt Securities and any coupons appertaining thereto shall
be unaffected thereby.

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     Section 1504. Conditions to Defeasance or Covenant Defeasance.

     The following shall be the conditions to application of Section 1502 or Section 1503 to any
Outstanding Debt Securities of or within a series and any coupons appertaining thereto:

          (a) The Company shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee satisfying the requirements of Section 609 who shall agree to
comply with the provisions of this Article Fifteen applicable to it) as trust funds in trust
for the purpose of making the following payments, specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of such Debt Securities and any coupons
appertaining thereto, (1) an amount in such currency, currencies or currency unit in which such
Debt Securities and any coupons appertaining thereto are then specified as payable at Stated
Maturity, or (2) if Debt Securities of such series are not subject to early repayment at the option
of the Holders, Eligible Instruments applicable to such Debt Securities and coupons appertaining
thereto (determined on the basis of the currency, currencies or currency unit in which such Debt
Securities and coupons appertaining thereto are then specified as payable at Stated Maturity) which
through the scheduled payment of principal and interest in respect thereof in accordance with their
terms will provide, not later than one day before the due date of any payment of principal of (and
premium, if any) and interest, if any, and Additional Amounts, if any, on such Securities and any
coupons appertaining thereto, money in an amount, or (3) a combination thereof in an amount,
sufficient, without consideration of any reinvestment of such principal and interest, 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, (i) the principal of (and premium,
if any) and interest, if any, and Additional Amounts, if any on such Outstanding Debt Securities
and any coupons appertaining thereto on the Stated Maturity of such principal or installment of
principal or interest and (ii) any mandatory sinking fund payments or analogous payments applicable
to such Outstanding Debt Securities and any coupons appertaining thereto on the day on which such
payments are due and payable in accordance with the terms of this Indenture and of such Debt
Securities and any coupons appertaining thereto; provided, that the Trustee shall have been
irrevocably instructed to apply such money or the proceeds of such Eligible Instruments to said
payments with respect to such Debt Securities. Before such a deposit, the Company may give to the
Trustee, in accordance with Section 1102 hereof, a notice of its election to redeem all or any
portion of such Outstanding Debt Securities at a future date in accordance with the terms of the
Debt Securities of such series and Article Eleven hereof, which notice shall be irrevocable. Such
irrevocable redemption notice, if given, shall be given effect in applying the foregoing.

          (b) Such defeasance or covenant defeasance shall not result in a breach or violation of,
or constitute a breach or default under, this Indenture or any other material agreement or
instrument to which the Company is a party or by which it is bound (and shall not cause the Trustee
to have a conflicting interest pursuant to Section 310(b) of the Trust Indenture Act with respect
to any Debt Security of the Company).

          (c) No Event of Default or event which with notice or lapse of time or both would become
an Event of Default with respect to such Securities and any coupons appertaining thereto shall have
occurred and be continuing on the date of such deposit or, insofar as Sections

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501(6) and 501(7)
are 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 and should that condition fail to be satisfied on or before the 91st day, the
Trustee shall promptly, upon satisfactory receipt of evidence of such failure, return such deposit
to the Company).

          (d) In the case of an election under Section 1502, the Company shall have delivered to
the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this
Indenture, there has been a change in the applicable Federal income tax law, in either case to the
effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding
Debt Securities and any coupons appertaining thereto will not recognize income, gain or loss for
Federal income tax purposes as a result of such defeasance and will be subject to Federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if
such defeasance had not occurred.

          (e) In the case of an election under Section 1503, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Debt
Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal
income tax purposes as a result of such covenant defeasance and will be subject to Federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if
such covenant defeasance had not occurred.

          (f) The Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent to the defeasance under Section 1502
or the covenant defeasance under Section 1503 (as the case may be) have been complied with and an
Opinion of Counsel to the effect that either (i) as a result of a deposit pursuant to subsection
(a) above and the related exercise of the Company’s option under Section 1502 or Section 1503 (as
the case may be) registration is not required under the Investment Company Act of 1940, as amended,
by the Company, with respect to the trust funds representing such deposit or by the Trustee for
such trust funds or (ii) all necessary registrations under said Act have been effected.

          (g) After the 91st day following the deposit, the trust funds will not be subject to the
effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting
creditors’ rights generally.

          (h) Notwithstanding any other provisions of this Section, such defeasance or covenant
defeasance shall be effected in compliance with any additional or substitute terms, conditions or
limitations which may be imposed on the Company in connection therewith pursuant to Section 301.

          (i) If the Debt Securities of the relevant series are listed on a domestic or foreign
securities exchange, that the Company deliver an Opinion of Counsel that the Debt Securities of
such series will not be delisted from such securities exchange as a result of such deposit and
termination.

73

 

     Section 1505. Deposited Money and Eligible Instruments to be Held in Trust; Other
Miscellaneous Provisions.

          Subject to the provisions of the last paragraph of Section 1003, all money and Eligible
Instruments (or other property as may be provided pursuant to Section 301) (including the proceeds
thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 1505, the “Trustee”) pursuant to Section 1504 in respect of any
Outstanding Debt Securities of any series and any coupons appertaining thereto shall be held in
trust and applied by the Trustee, in accordance with the provisions of such Debt Securities and any
coupons appertaining thereto 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 Debt Securities and any coupons appertaining thereto of all sums due and to
become due thereon in respect of principal (and premium, if any) and interest and Additional
Amounts, if any, but such money need not be segregated from other funds except to the extent
required by law.

          Unless otherwise specified with respect to any Debt Security pursuant to Section 301, if,
after a deposit referred to in Section 1504(a) has been made, (a) the Holder of a Debt Security in
respect of which such deposit was made is entitled to, and does, elect pursuant to Section 301 or
the terms of such Debt Security to receive payment in a currency or currency unit other than that
in which the deposit pursuant to Section 1504(a) has been made in respect of such Debt Security, or
(b) a Conversion Event occurs in respect of the currency or currency unit in which the deposit
pursuant to Section 1504(a) has been made, the indebtedness represented by such Debt Security and
any coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and
satisfied through the payment of the principal of (and premium, if any), and interest, if any, on
such Debt Security as the same becomes due out of the proceeds yielded by converting (from time to
time as specified below in the case of any such election) the amount or other property deposited in
respect of such Security into the currency or currency unit in which such Debt Security becomes
payable as a result of such election or Conversion Event based on the applicable market exchange
rate for such currency or currency unit in effect on the second Business Day prior to each payment
date, except, with respect to a Conversion Event, for such currency or currency unit in effect (as
nearly as feasible) at the time of the Conversion Event.

          Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to
the Company from time to time upon Company Request any money or Eligible Securities (or other
property and any proceeds therefrom) held by it as provided in Section 1504 which are in excess of
the amount thereof which would then be required to be deposited to effect a defeasance or covenant
defeasance, as applicable, in accordance with this Article.

     Section 1506. Reinstatement.

          If the Trustee or the Paying Agent is unable to apply any money or the Eligible Instruments,
as the case may be, in accordance with this Article with respect to any Debt Securities by reason
of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the obligations under this Indenture, such Debt Securities and
any coupons appertaining thereto from which the Company has been

74

 

discharged or released pursuant to
Section 1502 or 1503 shall be revived and reinstated as though no deposit had occurred pursuant to
this Article with respect to such Debt Securities, until such time as the Trustee or Paying Agent
is permitted to apply all money or Eligible Instruments, as the case may be, held in trust pursuant
to Section 1505 with respect to such Debt Securities and any coupons appertaining thereto in
accordance with this Article; provided, however, that if the Company makes any payment of principal
of or any premium or interest on any such Debt
Security following such reinstatement of its obligations, the Company shall be subrogated to
the rights (if any) of the Holders of such Debt Securities or coupons to receive such payment from
the money or Eligible Instruments, as the case may be, so held in trust.

     Section 1507. Repayment to Company.

     The Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any
money or, Eligible Instruments not required for the payment of the principal of (and premium, if
any) and interest on the Debt Securities of any series and any related coupons for which money or
Eligible Instruments have been deposited pursuant to Sections 1502, 1503 or 1504 held by them at
any time.

     The Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any
money held by them for the payment of principal (and premium, if any) and interest that remains
unclaimed for two years after the Maturity of the Debt Securities for which a deposit has been made
pursuant to Section 1501. After such payment to the Company, the Holders of the Debt Securities of
such series and any related coupons shall thereafter, as unsecured general creditors, look only to
the Company for the payment thereof.

     Section 1508. Indemnity for Eligible Instruments.

     The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the deposited Eligible Instruments or the principal or interest
received on such Eligible Instruments.

75

 

Exhibit 4.1

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the day and year
first above written.

	 	 	 	 	 	 	 
	 	 	INDYMAC BANCORP, INC.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Its:	 	 
	 

	 	 	 	 	 	 

	 	 	 	 	 
	[CORPORATE SEAL]	 	 
	 
	 	 	 	 
	Attest:	 	 
	 
	 	 	 	 
	 	 	 
	Its:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	 	 	THE BANK OF NEW YORK
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Its:	 	 
	 

	 	 	 	 

	 	 	 	 	 
	[CORPORATE SEAL]	 	 
	 
	 	 	 	 
	Attest:	 	 
	 
	 	 	 	 
	Its:
	 	 	 	 
	Its:

	 	 

	 	 
	 

	 	 

	 	 

1

 

Exhibit 4.1

	 	 	 	 	 	 	 
	 
	 	STATE OF                     	 	)	 	 
	 
	 	 	 	)SS.	 	 
	 
	 	COUNTY OF                     	 	)	 	 

     On the [___] day of [                    ] before me personally came [                    ] to me known,
who, being duly sworn, did depose and say that he resides at [                                        ], [                    ];
that he is a[n] [                                        ] of [                              
          ], a corporation described in and which
executed the above instrument; that he knows the seal of said corporation; that it was so affixed
pursuant to the authority of the Board of Directors of said corporation; and that [___] signed
[___] name thereto pursuant to like authority.

1

 

Exhibit 4.1

	 	 	 	 	 	 	 
	 
	 	STATE OF                     	 	)	 	 
	 
	 	 	 	)SS.	 	 
	 
	 	COUNTY OF                     	 	)	 	 

     On the [                    ] day of [                    ] before me personally came [           
         ], to me known, who,
being duly sworn, did depose and say that she is a [                                        ] of The Bank of New York, a
New York banking corporation described in and which executed the above instrument; that [                    ]
knows the seal of said corporation; that it was so affixed pursuant to the authority of the Board
of Directors of said corporation; and that [                    ] signed [                    ] name thereto pursuant to like
authority.

1

 

Exhibit 4.1

EXHIBIT A-1

[Form of Certificate of Beneficial Ownership by a

Non-United States Person or by Certain Other Persons]

Certificate

INDYMAC BANCORP, INC.

[Insert title or sufficient description of

Debt Securities to be delivered]

     Reference is hereby made to the Indenture dated as of [                    ] (the “Indenture’’) between
IndyMac Bancorp, Inc. and The Bank of New York (the “Trustee”), covering the above captioned Debt
Securities. This is to certify that as of the date hereof, principal amount of Debt Securities
credited to you for our account (i) is owned by persons that are not United States Persons, as
defined below; (ii) is owned by United States Persons that are (a) foreign branches of United
States financial institutions (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v))
(“financial institutions”) purchasing for their own account or for resale, or (b) United States
Persons who acquired the Debt Securities through foreign branches of United States financial
institutions and who hold the Debt Securities through such United States financial institutions on
the date hereof (and in either case (a) or (b), each such United States financial institution
encloses herewith a certificate in the form of Exhibit A-2 to the Indenture); or (iii) is owned by
United States or foreign financial institutions for purposes of resale during the restricted period
(as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), which United States or
foreign financial institutions described in clause (iii) above (whether or not also described in
clause (i) or (ii)) certify that they have not acquired the Debt Securities for purposes of resale
directly or indirectly to a United States Person or to a person within the United States or its
possessions.

     [Insert if certificate does not relate to an interest payment. We undertake to advise you by
tested telex followed by written confirmation if the above statement as to beneficial ownership is
not correct on the date of delivery of the above-captioned Debt Securities in bearer form as to all
of such Debt Securities with respect to such of said Debt Securities as then appear in your books
as being held for our account.] We understand that this certificate is required in connection with
United States tax laws. We irrevocably authorize you to produce this certificate or a copy hereof
to any interested party in any administrative or legal proceedings with respect to the matters
covered by this certificate. “United States Person” shall mean a citizen or resident of the United
States of America (including the District of Columbia), a corporation, partnership or other entity
created or organized in or under the laws of the United States or any political subdivision thereof
or an estate or trust that is subject to United States Federal income taxation regardless of the
source of its income.

     [This certificate excepts and does not relate to principal amount of Debt Securities credited
to you for our account and to which we are not now able to make the certification set forth above.
We understand that definitive Debt Securities cannot be delivered and interest

1

 

cannot be paid until we are able to so certify with respect to such principal amount of Debt
Securities.]*

Dated:                                         

[To be dated on or after                     

the date determined as provided in the Indenture)]

	 	 	 	 	 
	 	 	[Name of Person Entitled to Receive Bearer
Security]
	 
	 	 	 	 
	 	 	 
	 	 	
(Authorized Signatory)
	 
	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

			
	*	 	Delete if inappropriate

2

 

Exhibit 4.1

EXHIBIT A-2

[Form of Certificate of Status as a

Foreign Branch of a United States Financial Institution]

Certificate

INDYMAC BANCORP, INC.

[Insert title or sufficient description of

Debt Securities to be delivered]

     Reference is hereby made to the Indenture dated as of [                    ] (the “Indenture”),
between IndyMac Bancorp, Inc. and The Bank of New York, relating to the offering of the above
captioned Debt Securities (the “Debt Securities”). Unless herein defined, terms used herein have
the same meaning as given to them in the Indenture.

     The undersigned represents that it is a branch located outside the United States of a United
States securities clearing organization, bank or other financial institution (as defined in U.S.
Treasury Regulation Section 1.165-12(c)(1)(v)) that holds customers’ securities in the ordinary
course of its trade or business and agrees, and authorizes you to advise the issuer or the issuers
agent, that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the
Internal Revenue Code of 1986 and the regulations thereunder and is not purchasing for resale
directly or indirectly to a United States Person or to a person within the United States or its
possessions. We undertake to advise you by tested telex followed by written confirmation if the
statement in the immediately preceding sentence is not correct on the date of delivery of the
above-captioned Debt Securities in bearer form.

     We understand that this certificate is required in connection with the United States tax laws.
We irrevocably authorize you to produce this certificate or a copy hereof to any interested party
in any administrative or legal proceedings with respect to the matters covered by this certificate.

     Dated:                                         

[To be dated on or after                     

(the date determined as provided in the Indenture)

	 	 	 	 	 
	 	 	[Name of Person Entitled to Receive Bearer
Security]
	 
	 	 	 	 
	 	 	 
	 	 	
(Authorized Signatory)
	 
	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

1

 

Exhibit 4.1

EXHIBIT B

[Form of Certificate to be Given by Euroclear and Clearstream

in Connection with the Exchange of All or a Portion of a

Temporary Global Security or to Obtain

Interest Prior to Exchange]

Certificate

INDYMAC BANCORP, INC.

[Insert title or sufficient description of Debt Securities to be delivered]

     We refer to that portion,                     , of the Global Security representing the above-captioned
issue [which is herewith submitted to be exchanged for definitive Debt Securities]* [for which we
are seeking to obtain payment of interest]* (the “Submitted Portion”). This is to certify, pursuant
to the Indenture dated as of [                    ] (the “Indenture”) between IndyMac Bancorp, Inc. and The
Bank of New York (the “Trustee”), that we have received in writing, by tested telex or by
electronic transmission from member organizations with respect to each of the persons appearing in
our records as being entitled to a beneficial interest in the Submitted Portion a Certificate of
Beneficial Ownership by a Non-United States Person or by Certain Other Persons [and, in some cases,
a Certificate of Status as a Foreign Branch of a United States Financial Institution, authorizing
us to inform the issuer or the issuer’s agent that it will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the regulations thereunder]*
substantially in the form of Exhibit A-1 [and A-2]* to the Indenture.

     We hereby request that you deliver to the office of
                
               
           in     
              
               
       
definitive Bearer Securities in the denominations on the attached Schedule A.

     We further certify that as of the date hereof we have not received any notification from any
of the persons giving such certificates to the effect that the statements made by them with respect
to any part of the Submitted Portion are no longer true and cannot be relied on as of the date
hereof.

Dated:                                         

	 	 	 	 	 
	 	 	[EUROCLEAR BANK S.A./N.V., as Operator of the
Euroclear System] 

[CLEARSTREAM BANKING S.A.]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 

1exv4w2

 

Exhibit 4.2

 

INDYMAC BANCORP, INC.

TO

THE BANK OF NEW YORK

Trustee

 

INDENTURE

Dated as of ________________

 

Subordinated Debt Securities

 

 

 

INDYMAC BANCORP, INC.

Reconciliation and tie between Trust Indenture Act of 1939 and

Indenture, dated as of ______________

	 	 	 	 	 
	Trust Indenture Act Section	Indenture Section
	§ 310
	 	(a)(1)	 	609
	 
	 	(a)(2)	 	609
	 
	 	(a)(3)	 	Not Applicable
	 
	 	(a)(4)	 	Not Applicable
	 
	 	(a)(5)	 	609
	 
	 	(b)	 	608, 610
	 
	 	(c)	 	Not Applicable
	§ 311
	 	(a)	 	613
	 
	 	(b)	 	613
	§ 312
	 	(a)	 	702(b)
	 
	 	(b)	 	702(c)
	 
	 	(c)	 	703(a)
	§ 313
	 	(a)	 	703(a)
	 
	 	(b)	 	703(a)
	 
	 	(c)	 	703(a)
	 
	 	(d)	 	703(b)
	§ 314
	 	(a)	 	704, 1004
	 
	 	(b)	 	Not Applicable
	 
	 	(c)(1)	 	102
	 
	 	(c)(2)	 	102
	 
	 	(c)(3)	 	Not Applicable
	 
	 	(d)	 	Not Applicable
	 
	 	(e)	 	102
	§ 315
	 	(a)	 	601
	 
	 	(b)	 	602
	 
	 	(c)	 	601
	 
	 	(d)	 	601
	 
	 	(e)	 	514
	§ 316
	 	(a)	 	101
	 
	 	(a)(1)(A)	 	104(h), 502
	 
	 	 	 	512
	 
	 	 	 	104(h), 513
	 
	 	(a)(1)(B)	 	104(h), 513
	 
	 	(a)(2)	 	Not Applicable
	 
	 	(b)	 	508
	 
	 	(c)	 	104(h)
	§ 317
	 	(a)(1)	 	503
	 
	 	(a)(2)	 	504
	 
	 	(b)	 	1003
	§ 318
	 	(a)	 	107
	 
	 	(b)	 	107

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	ARTICLE ONE Definitions and Other Provisions of General Application	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 101.
	 	Definitions
	 	 	1	 
	 

	 	Section 102.
	 	Compliance Certificates and Opinions
	 	 	10	 
	 

	 	Section 103.
	 	Form of Documents Delivered to Trustee
	 	 	10	 
	 

	 	Section 104.
	 	Acts of Holders
	 	 	11	 
	 

	 	Section 105.
	 	Notices, etc, to Trustee and Company
	 	 	13	 
	 

	 	Section 106.
	 	Notice to Holders; Waiver
	 	 	13	 
	 

	 	Section 107.
	 	Conflict with Trust Indenture Act
	 	 	14	 
	 

	 	Section 108.
	 	Effect of Headings and Table of Contents
	 	 	14	 
	 

	 	Section 109.
	 	Successors and Assigns
	 	 	14	 
	 

	 	Section 110.
	 	Separability Clause
	 	 	14	 
	 

	 	Section 111.
	 	Benefits of Indenture
	 	 	14	 
	 

	 	Section 112.
	 	Governing Law
	 	 	15	 
	 

	 	Section 113.
	 	Legal Holidays
	 	 	15	 
	 

	 	Section 114.
	 	Counterparts
	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE TWO Debt Security Forms	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 201.
	 	Forms Generally
	 	 	15	 
	 

	 	Section 202.
	 	Form of Trustee ‘s Certificate of Authentication
	 	 	16	 
	 

	 	Section 203.
	 	Debt Securities in Global Form
	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE THREE The Debt Securities	 	 	17	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 301.
	 	Amount Unlimited; Issuance in Series
	 	 	17	 
	 

	 	Section 302.
	 	Denominations
	 	 	20	 
	 

	 	Section 303.
	 	Execution, Authentication, Delivery and Dating
	 	 	20	 
	 

	 	Section 304.
	 	Temporary Debt Securities
	 	 	23	 
	 

	 	Section 305.
	 	Registration; Registration of Transfer and Exchange
	 	 	25	 
	 

	 	Section 306.
	 	Mutilated, Destroyed, Lost and Stolen Debt Securities
	 	 	29	 
	 

	 	Section 307.
	 	Payment of Interest; Interest Rights Preserved
	 	 	30	 
	 

	 	Section 308.
	 	Persons Deemed Owners
	 	 	32	 
	 

	 	Section 309.
	 	Cancellation
	 	 	32	 
	 

	 	Section 310.
	 	Computation of Interest
	 	 	33	 
	 

	 	Section 311.
	 	Certification by a Person Entitled to Delivery of a Bearer Security
	 	 	33	 
	 

	 	Section 312.
	 	Judgments
	 	 	33	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE FOUR Satisfaction and Discharge	 	 	34	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 401.
	 	Satisfaction and Discharge of Indenture
	 	 	34	 

i

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 

	 	Section 402.
	 	Application of Trust Money and Eligible Instruments
	 	 	36	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE FIVE Remedies	 	 	36	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 501.
	 	Events of Default
	 	 	36	 
	 

	 	Section 502.
	 	Acceleration of Maturity; Rescission and Annulment
	 	 	37	 
	 

	 	Section 503.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	38	 
	 

	 	Section 504
	 	Trustee May File Proofs of Claim
	 	 	39	 
	 

	 	Section 505.
	 	Trustee May Enforce Claims without Possession of Debt Securities or Coupons
	 	 	40	 
	 

	 	Section 506.
	 	Application of Money Collected
	 	 	40	 
	 

	 	Section 507.
	 	Limitation on Suits
	 	 	40	 
	 

	 	Section 508.
	 	Unconditional Right of Holders to Receive Principal, Premium and Interest
	 	 	41	 
	 

	 	Section 509.
	 	Restoration of Rights and Remedies
	 	 	41	 
	 

	 	Section 510.
	 	Rights and Remedies Cumulative
	 	 	42	 
	 

	 	Section 511.
	 	Delay or Omission Not Waiver
	 	 	42	 
	 

	 	Section 512.
	 	Control by Holders of Debt Securities
	 	 	42	 
	 

	 	Section 513.
	 	Waiver of Past Defaults
	 	 	42	 
	 

	 	Section 514.
	 	Undertaking for Costs
	 	 	43	 
	 

	 	Section 515.
	 	Waiver of Stay or Extension Laws
	 	 	43	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE SIX The Trustee	 	 	43	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 601.
	 	Certain Duties and Responsibilities
	 	 	43	 
	 

	 	Section 602.
	 	Notice of Default
	 	 	44	 
	 

	 	Section 603.
	 	Certain Rights of Trustee
	 	 	44	 
	 

	 	Section 604.
	 	Not Responsible for Recitals or Issuance of Debt Securities
	 	 	45	 
	 

	 	Section 605.
	 	May Hold Debt Securities or Coupons
	 	 	45	 
	 

	 	Section 606.
	 	Money Held in Trust
	 	 	45	 
	 

	 	Section 607.
	 	Compensation and Reimbursement
	 	 	45	 
	 

	 	Section 608.
	 	Disqualification; Conflicting Interests
	 	 	46	 
	 

	 	Section 609.
	 	Corporate Trustee Required: Eligibility
	 	 	46	 
	 

	 	Section 610.
	 	Resignation and Removal: Appointment of Successor
	 	 	47	 
	 

	 	Section 611.
	 	Acceptance or Appointment by Successor
	 	 	49	 
	 

	 	Section 612.
	 	Merger, Conversion, Consolidation or Succession to Business
	 	 	50	 
	 

	 	Section 613.
	 	Preferential Collection of Claims Against Company
	 	 	50	 
	 

	 	Section 614.
	 	Authenticating Agent
	 	 	50	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE SEVEN Holders’ Lists and Reports By Trustee and Company	 	 	51	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 701.
	 	Company to Furnish Trustee Names and Addresses of Holders
	 	 	51	 
	 

	 	Section 702.
	 	Preservation of Information: Communications to Holders
	 	 	52	 
	 

	 	Section 703.
	 	Reports by Trustee
	 	 	52	 
	 

	 	Section 704.
	 	Reports by Company
	 	 	53	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE EIGHT Consolidation, Merger, Conveyance, Transfer or Lease	 	 	53	 
	 
	 	 	 	 	 	 	 	 

ii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 

	 	Section 801.
	 	Company May Consolidate, etc. Only on Certain Terms
	 	 	53	 
	 

	 	Section 802.
	 	Successor Corporation Substituted
	 	 	53	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE NINE Supplemental Indentures	 	 	54	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 901.
	 	Supplemental Indentures without Consent of Holders
	 	 	54	 
	 

	 	Section 902.
	 	Supplemental Indentures with Consent of Holders
	 	 	55	 
	 

	 	Section 903.
	 	Execution of Supplemental Indentures
	 	 	56	 
	 

	 	Section 904.
	 	Effect of Supplemental Indentures
	 	 	57	 
	 

	 	Section 905.
	 	Conformity with Trust Indenture Act
	 	 	57	 
	 

	 	Section 906.
	 	Reference in Debt Securities to Supplemental Indentures
	 	 	57	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE TEN Covenants	 	 	57	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1001.
	 	Payment of Principal, Premium and Interest
	 	 	57	 
	 

	 	Section 1002.
	 	Maintenance of ice or Agency
	 	 	58	 
	 

	 	Section 1003.
	 	Money for Debt Securities Payments to Be Held in Trust
	 	 	59	 
	 

	 	Section 1004.
	 	Officers’ Certificate as to Default
	 	 	60	 
	 

	 	Section 1005.
	 	Waiver of Certain Covenants
	 	 	60	 
	 

	 	Section 1006.
	 	Payment of Additional Amounts
	 	 	61	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE ELEVEN Redemption of Debt Securities	 	 	62	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1101.
	 	Applicability of Article
	 	 	62	 
	 

	 	Section 1102.
	 	Election to Redeem: Notice to Trustee
	 	 	62	 
	 

	 	Section 1103.
	 	Selection by Trustee of Debt Securities to be Redeemed
	 	 	62	 
	 

	 	Section 1104.
	 	Notice of Redemption
	 	 	63	 
	 

	 	Section 1105.
	 	Deposit of Redemption Price
	 	 	63	 
	 

	 	Section 1106.
	 	Debt Securities Payable on Redemption Date
	 	 	64	 
	 

	 	Section 1107.
	 	Debt Securities Redeemed in Part
	 	 	64	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE TWELVE Sinking Funds	 	 	65	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1201.
	 	Applicability of Article
	 	 	65	 
	 

	 	Section 1202.
	 	Satisfaction of Sinking Fund Payments with Debt Securities
	 	 	65	 
	 

	 	Section 1203.
	 	Redemption of Debt Securities for Sinking Fund
	 	 	66	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE THIRTEEN Repayment at the Option of Holders	 	 	66	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1301.
	 	Applicability of Article
	 	 	66	 
	 

	 	Section 1302.
	 	Repayment of Debt Securities
	 	 	66	 
	 

	 	Section 1303.
	 	Exercise of Option; Notice
	 	 	66	 
	 

	 	Section 1304.
	 	Election of Repayment by Remarketing Entities
	 	 	68	 
	 

	 	Section 1305.
	 	Securities Payable on the Repayment Date
	 	 	68	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE FOURTEEN Exchange of Capital Securities for Debt Securities	 	 	68	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1401.
	 	Applicability of Article
	 	 	68	 

iii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 

	 	Section 1402.
	 	Exchange of Capital Securities for Debt Securities at Stated Maturity
	 	 	68	 
	 

	 	Section 1403.
	 	Right of Early Exchange of Capital Securities for Debt Securities
	 	 	69	 
	 

	 	Section 1404.
	 	Notices of Exchange
	 	 	70	 
	 

	 	Section 1405.
	 	Rights and Duties of Holders of Debt Securities to be Exchanged for Capital Securities
	 	 	71	 
	 

	 	Section 1406.
	 	Election to Exchange
	 	 	73	 
	 

	 	Section 1407.
	 	Deposit of Capital Exchange Price
	 	 	73	 
	 

	 	Section 1408.
	 	Debt Securities Due on Capital Exchange Date: Debt Securities Exchanged in Part
	 	 	73	 
	 

	 	Section 1409.
	 	Form of Capital Security Election Form
	 	 	75	 
	 

	 	Section 1410.
	 	Fractional Capital Securities
	 	 	75	 
	 

	 	Section 1411.
	 	Company to Obtain Governmental and Regulatory Approvals
	 	 	76	 
	 

	 	Section 1412.
	 	Taxes on Exchange
	 	 	76	 
	 

	 	Section 1413.
	 	Covenants as to Capital Securities and Secondary Offering
	 	 	76	 
	 

	 	Section 1414.
	 	Provision in Case of Consolidation, Merger or Transfer of Assets
	 	 	77	 
	 

	 	Section 1415.
	 	Trustee Not Responsible
	 	 	77	 
	 

	 	Section 1416.
	 	Revocation of Obligation to Exchange Capital Securities for Debt Securities
	 	 	77	 
	 

	 	Section 1417.
	 	Optional Securities Funds
	 	 	78	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE FIFTEEN Securities Funds	 	 	79	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1501.
	 	Creation of Securities Funds
	 	 	79	 
	 

	 	Section 1502.
	 	Designations of Securities Funds
	 	 	79	 
	 

	 	Section 1503.
	 	Covenant of the Company to Obtain Securities Funds
	 	 	79	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE SIXTEEN Meetings of Holders of Debt Securities	 	 	80	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1601.
	 	Purposes for Which Meetings May Be Called
	 	 	80	 
	 

	 	Section 1602.
	 	Call, Notice and Place of Meetings
	 	 	80	 
	 

	 	Section 1603.
	 	Persons Entitled to Vote at Meetings
	 	 	80	 
	 

	 	Section 1604.
	 	Quorum: Action
	 	 	81	 
	 

	 	Section 1605.
	 	Determination of Voting Rights: Conduct and Adjournment of Meetings
	 	 	81	 
	 

	 	Section 1606.
	 	Counting Votes and Recording Action of Meetings
	 	 	82	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE SEVENTEEN Defeasance	 	 	83	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1701.
	 	Applicability of Article; Company’s Obligation to
Effect Defeaseance or Covenant Defeaseance
	 	 	83	 
	 

	 	Section 1702.
	 	Defeasance and Discharge
	 	 	83	 
	 

	 	Section 1703.
	 	Convenant Defeasance
	 	 	84	 
	 

	 	Section 1704.
	 	Conditions to Defeasance or Covenant Defeasance
	 	 	84	 
	 

	 	Section 1705.
	 	Deposited Money and Eligible Instruments to be Held in Trust;
Other Miscellaneous Provisions
	 	 	86	 
	 

	 	Section 1706.
	 	Reinstatement
	 	 	87	 

iv

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 

	 	Section 1707.
	 	Repayment to Company
	 	 	87	 
	 

	 	Section 1706.
	 	Indemnity to Eligible Instruments
	 	 	88	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE EIGHTEEN Subordination of Debt Securities	 	 	88	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1801.
	 	Debt Securities Subordinate to Senior Debt
	 	 	88	 
	 

	 	Section 1802.
	 	Trustee and Holders of Debt Securities May Rely on
Certificate of Liquidating Agent: Trustee May Require Further Evidence as to
Ownership of Senior Debt: Trustee Not Fiduciary to Holders of Senior Debt
	 	 	90	 
	 

	 	Section 1803.
	 	Payment Permitted If No Default
	 	 	91	 
	 

	 	Section 1804.
	 	Trustee Not Charged with Knowledge of Prohibition
	 	 	91	 
	 

	 	Section 1805.
	 	Trustee to Effectuate Subordination
	 	 	91	 
	 

	 	Section 1806.
	 	Rights of Trustee as Holder of Senior Debt
	 	 	92	 
	 

	 	Section 1807.
	 	Article Applicable to Paving Agents
	 	 	92	 
	 

	 	Section 1808.
	 	Subordination Rights Not Impaired by Acts or Omissions
of the Company or Holders of Senior Debt
	 	 	92	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE NINETEEN Conversion of Convertible Securities	 	 	92	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Section 1901.
	 	Applicability of Article
	 	 	92	 
	 

	 	Section 1902.
	 	Right to Convert
	 	 	93	 
	 

	 	Section 1903.
	 	Exercise of Conversion Privilege: Delivery of Common Stock on Conversion: No Adjustment for Interest or Dividends
	 	 	93	 
	 

	 	Section 1904.
	 	Cash Payments in Lieu of Fractional Shares
	 	 	94	 
	 

	 	Section 1905.
	 	Conversion Price
	 	 	94	 
	 

	 	Section 1906.
	 	Adjustment to Conversion Price
	 	 	95	 
	 

	 	Section 1907.
	 	Effect of Reclassification, Consolidation, Merger or Sale
	 	 	98	 
	 

	 	Section 1908.
	 	Taxes on Shares Issued
	 	 	99	 
	 

	 	Section 1909.
	 	Shares to be Fully Paid; Compliance with Governmental Requirements: Listing of Common Stock
	 	 	99	 
	 

	 	Section 1910.
	 	Trustee Not Responsible
	 	 	99	 
	 

	 	Section 1911.
	 	Notice to Holders Prior to Certain Actions
	 	 	100	 
	 

	 	Section 1912.
	 	Covenant to Reserve Shares
	 	 	100	 

v

 

Exhibit 4.2

     INDENTURE (the “Indenture”) dated as of August 30, 1999 between INDYMAC BANCORP, INC., a
Delaware corporation (hereinafter called the “Company”), having its principal place of business at
888 E. Walnut Street, Pasadena, California 91101, and The Bank of New York, a New York banking
corporation (hereinafter called the “Trustee”), having its Corporate Trust Office at 101 Barclay
Street, New York, New York 10286.

RECITALS OF THE COMPANY

     The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its subordinated debentures, notes, bonds and other evidences of
indebtedness (herein called the “Debt Securities”).

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

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     For and in consideration of the premises and the purchase of the Debt Securities of any series
created and issued on or after the date hereof by the Holders thereof, it is mutually covenanted
and agreed for the equal and proportionate benefit of all Holders of such Debt Securities or of any
such series, as follows:

ARTICLE ONE

Definitions and Other Provisions of General Application

     Section 101. Definitions.

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

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

     (2) all other terms used herein which are defined in the Trust Indenture Act or by Commission
rule or regulation under the Trust Indenture Act, either directly or by reference therein, as in
force at the date as of which this instrument was executed, except as provided in Section 905, have
the meanings assigned to them therein;

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

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

1

 

     “Act” when used with respect to any Holder has the meaning specified in Section 10-1.

     “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any specified Person means the
power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities by contract or otherwise, and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

     “Authorized Newspaper” means a newspaper in an official language of the country of publication
or in the English language customarily published on each Business Day, whether or not published on
Saturdays, Sundays or holidays, and of general circulation in the place in connection with which
the term is used or in the financial community of such place. Where successive publications are
required to be made in Authorized Newspapers, the successive publications may be made in the same
or in different newspapers in the same city meeting the foregoing requirements and in each case on
any Business Day.

     “Bearer Security” means any Debt Security established pursuant to Section 201 which is payable
to bearer including, without limitation, unless the context otherwise indicates, a Debt Security in
global bearer form.

     “Board of Directors” means either the board of directors of the Company, or the executive or
any other committee of that board duly authorized to act in respect hereof.

     “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 and to be in full
force and effect on the date of such certification, and delivered to the Trustee. Where any
provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including
the establishment of any series of the Debt Securities and the forms and terms thereof), such
action may be taken by any committee of the Board or the Company or any officer or employee of the
Company authorized to take such action by a Board Resolution.

     “Business Day”, when used with respect to any Place of Payment or Place of Capital Exchange,
means any day which is not a Saturday or Sunday and which is not a legal holiday or a day on which
banking institutions or trust companies in that Place of Payment or Place of Capital Exchange are
authorized or obligated by law or executive order to close.

     “Capital Exchange Agent” means the Person or Persons appointed by the Company to give notices
and to exchange Debt Securities of any series for Capital Securities as specified in Article
Fourteen.

     “Capital Exchange Date”, when used with respect to the Debt Securities of any series, means
any date on which such Debt Securities are to be exchanged for Capital Securities pursuant to this
Indenture.

     “Capital Exchange Price”, when used with respect to any Debt Security of any series to be
exchanged for Capital Securities, means the amount of Capital Securities for which such Debt

2

 

Security is to be exchanged pursuant to this Indenture or the aggregate sale price of such
Capital Securities in the Secondary Offering for such Debt Security, as the case may be.

     “Capital Securities” means any securities issued by the Company which consist of any of the
following: (i) Common Stock, (ii) Perpetual Preferred Stock or (iii) [other types of Capital
Securities to be specified]. Capital Securities may have such terms, rights and preferences as may
be determined by the Company.

     “Capital Security Election Form” means a form substantially in the form included in Section
1409.

     “CEDEL” or “CEDEL S.A.” means Centrale de Livraison de Valeurs Mobilieres S.A.

     “Closing Price” has the meaning specified in Section 1906(d).

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

     “Common Stock” means, when used with reference to the capital stock of the Company, the class
of stock which, at the date of execution of this Indenture, is designated as common stock of the
Company and stock of any class or classes into which such common stock or any such other class may
thereafter be changed or reclassified. In case by reason of the operation of Article Nineteen, the
Convertible Securities shall be convertible into any other shares or other securities or property
of the Company or any other corporation, any reference in this Indenture to the conversion of
Convertible Securities pursuant to Article Nineteen shall be deemed to refer to and include
conversion of Convertible Securities into such other shares or other securities or property.

     “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” and “Company Order” mean, respectively, except as otherwise provided in this
Indenture, a written request or order signed in the name of the Company by the Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President (any references to a Vice
President of the Company herein shall be deemed to include any Vice President of the Company
whether or not designated by a number or word or words added before or after the title “Vice
President”), the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller,
Secretary or an Assistant Secretary of the Company, or by another officer of the Company duly
authorized to sign by a Board Resolution, and delivered to the Trustee.

     “Conversion Event” means the cessation of use of (i) a Foreign Currency (other than as
otherwise provided with respect to a Debt Security pursuant to Section 301) as provided by the
government of the country which issued such currency and for the settlement of transactions by a
central bank or other public institutions of or within the international banking community or (ii)
any currency unit (or composite currency) for the purposes for which it was established.

3

 

     “Conversion Price” has the meaning specified in Section 1905.

     “Convertible Securities” means any series of Debt Securities that are designated as such
pursuant to Section 301.

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

     The term “corporation” includes corporations, associations, companies and business trusts.

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

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

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

     “Depositary” means, with respect to the Debt Securities of any series issuable or issued in
the form of a Global Security, the Person designated as Depositary by the Company pursuant to
Section 301 until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each person who is
then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as
used with respect to the Debt Securities of any such series shall mean the Depositary with respect
to the Debt Securities of that series.

     “Designated Currency” has the meaning specified in Section 312.

     “Dollar” or “$” means the coin or currency of the United States of America as at the time of
payment is legal tender for the payment of public and private debts.

     “ECU” means the European Currency Unit as defined and revised from time to time by the Council
of the European Communities.

     “Eligible Instruments” means monetary assets, money market instruments and securities that are
payable in Dollars only and essentially risk free as to collection of principal and interest,
including U.S. Government Obligations.

     “Euroclear” means Morgan Guarantee Trust Company of New York, Brussels Office, as operator of
the Euroclear System.

     “European Communities” means the European Economic Community, the European Coal and Steel
Community and the European Atomic Energy Community.

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

     “Exchange Rate” shall have the meaning specified as contemplated in Section 301.

     “Exchange Rate Agent” shall have the meaning specified as contemplated in Section 301.

4

 

     “Exchange Rate Officer’s Certificate”, with respect to any date for the payment of principal
of (and premium, if any) and interest on any series of Debt Securities, means a certificate setting
forth the applicable Exchange Rate and the amounts payable in Dollars and Foreign Currencies in
respect of the principal of (and premium, if any) and interest on Debt Securities denominated in
ECU, any other composite currency or Foreign Currency, and signed by the Chairman of the Board, a
Vice Chairman of the Board, the President, the Treasurer or any Assistant Treasurer of the Company
or the Exchange Rate Agent appointed pursuant to Section 301, and delivered to the Trustee.

     “Foreign Currency” means a currency issued by the government of any country other than the
United States of America.

     “Global Exchange Agent” has the meaning specified in Section 304.

     “Global Exchange Date” has the meaning specified in Section 304.

     “Global Security” means a Debt Security issued to evidence all or part of a series of Debt
Securities in accordance with Section 303.

     “Holder”, with respect to a Registered Security, means a Person in whose name such Registered
Security is registered in the Security Register and, with respect to a Bearer Security or a coupon,
means the bearer thereof.

     “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented, amended or restated by or pursuant to one or more indentures supplemental hereto
entered into pursuant to the applicable provisions hereof and, unless the context otherwise
requires, shall include the terms of a particular series of Debt Securities established as
contemplated by Section 301.

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

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

     “Market Value” of any Capital Securities issued on any Capital Exchange Date for Debt
Securities of any series shall be the sale price of such Capital Securities which are sold in the
Secondary Offering for the Debt Securities of such series. In the event no such Secondary Offering
takes place, the Market Value of such Capital Securities shall be the fair value of such Capital
Securities on such Capital Exchange Date for Debt Securities of such series as determined by three
independent nationally recognized investment banking firms selected by the Company.

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

5

 

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

     “Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise
expressly provided in this Indenture) be an employee of or counsel for the Company, or who may be
other counsel acceptable to the Trustee, which is delivered to the Trustee.

     “Optional Securities Fund” means a fund pursuant to which the proceeds of sales of Capital
Securities may be designated on the books of the Company for the payment of any of the principal of
any Debt Security pursuant to Section 1417 of this Indenture.

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

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

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

     (ii) Debt Securities or portions thereof for whose payment or redemption money or
Eligible Instruments 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
Debt Securities and any coupons appertaining thereto: provided, however, that if such Debt
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) Debt Securities in exchange for or in lieu of which other Debt Securities have
been authenticated and delivered, or which have been paid, pursuant to this Indenture;
provided, however, that in determining whether the Holders of the requisite principal amount
of Debt Securities Outstanding have given any request, demand, authorization, direction,
notice, consent or waiver hereunder. Debt Securities owned by the Company or any other
obligor upon the Debt 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 such request, demand, authorization,
direction, notice, consent or waiver, only Debt Securities which the Trustee knows to be so
owned shall be so disregarded. Debt 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 Debt Securities and that the
pledgee is not the Company or

6

 

any other obligor upon the Debt Securities or any Affiliate of the Company or of such
other obligor.

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

     “Perpetual Preferred Stock” means any stock of any class of the Company which has a preference
over Common Stock in respect of dividends or of amounts payable in the event of any voluntary or
involuntary liquidation, dissolution or winding up of the Company and which is not mandatorily
redeemable or repayable, or redeemable or repayable at the option of the Holder, otherwise than in
shares of Common Stock or Perpetual Preferred Stock of another class or series or with the proceeds
of the sale of Common Stock or Perpetual Preferred Stock.

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

     “Place of Capital Exchange”, when used with respect to Debt Securities of any series, means
any place where the Debt Securities of such series are exchangeable for Capital Securities as
specified pursuant to Section 301.

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

     “Predecessor Security” of any particular Debt Security means every previous Debt Security
evidencing all or a portion of the same debt as that evidenced by such particular Debt Security;
and, for the purposes of this definition, any Debt Security authenticated and delivered under
Section 306 in lieu of a lost, destroyed or stolen Debt Security shall be deemed to evidence the
same debt as the lost, destroyed or stolen Debt Security.

     “ranking junior to the Debt Securities,” when used with respect to any obligation of the
Company shall mean any obligation of the Company which (a) ranks junior to and not equally with or,
prior to the Debt Securities (or any other obligations of the Company ranking on a parity with the
Debt Securities) in right of payment upon the happening of any event of the kind specified in the
first sentence of the second paragraph in Section 1801 or (b) is specifically designated as ranking
junior to the Debt Securities by express provision in the instrument creating or evidencing such
obligation. The securing of any obligations of the Company, otherwise ranking junior to the Debt
Securities, shall be deemed to prevent such obligations from constituting obligations ranking
junior to the Debt Securities.

     “ranking on a parity with the Debt Securities,” when used with respect to any obligation of
the Company shall mean any obligation of the Company which (a) ranks equally with and not prior to
the Debt Securities in right of payment upon the happening of any event of the kind specified in
the first sentence of the second paragraph in Section 1801 or (b) is specifically designated as
ranking on a parity with the Debt Securities by express provision in the instrument creating or
evidencing such obligation. The securing of any obligations of the Company,

7

 

otherwise ranking on a parity with the Debt Securities, shall not be deemed to prevent such
obligations from constituting obligations ranking on a parity with the Debt Securities.

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

     “Registered Security” means any Debt Security in the form of Registered Securities established
pursuant to Section 201 which is registered in the Security Register.

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

     “Remarketing Entity”, when used with respect to Debt Securities of any series which are
repayable at the option of the Holders thereof before their Stated Maturity, means any person
designated by the Company to purchase any such Debt Securities.

     “Repayment Date”, when used with respect to any Debt Security to be repaid upon exercise of an
option for repayment by the Holder, means the date fixed for such repayment pursuant to this
Indenture.

     “Repayment Price”, when used with respect to any Debt Security to be repaid upon exercise an
option for repayment by the Holder, means the price at which it is to be repaid pursuant to this
Indenture.

     “Responsible Officer” when used with respect to the Trustee, means any officer of the Trustee
assigned by it to administer its corporate trust matters.

     “Rights” has the meaning specified in Section 1906(c).

     “Secondary Offering”, when used with respect to the Debt Securities of any series, means the
offering and sale by the Company of Capital Securities for the account of Holders of Debt
Securities of such series who elect to receive cash and not Capital Securities on the Capital
Exchange Date for such series.

     “Securities Fund” means a fiend pursuant to which the proceeds of sales of Capital Securities
are designated on the books of the Company for the payment of any principal of any Debt Security
pursuant to the provisions of Section 1501.

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

     “Senior Debt” means

8

 

     (i) any of the Company’s indebtedness for borrowed or purchased money, whether or not
evidenced by bonds, debentures, notes or other written instruments,

     (ii) the Company’s obligations under letters of credit,

     (iii) any of the Company’s indebtedness or other obligations with respect to commodity
contracts, interest rate and currency swap agreements, cap, floor and collar agreements,
currency spot and forward contracts, and other similar agreements or arrangements designed
to protect against fluctuations in currency exchange or interest rates, and

     (iv) any guarantees, endorsements (other than by endorsement of negotiable instruments
for collection in the ordinary course of business) or other similar contingent obligations
in respect of obligations of others of a type described in clauses (i), (ii) and (iii),
whether or not such obligation is classified as a liability on a balance sheet prepared in
accordance with generally accepted accounting principles, in each case whether outstanding
on the date of execution of this Indenture or thereafter incurred, other than obligations
ranking on a parity with the Debt Securities or junior to the Debt Securities.

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

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

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

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

     “United States” means the United States of America (including the District of Columbia) and
its possessions.

     “United States Alien” means any Person who, for United States Federal income tax purposes, is
a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign
estate or trust, or a foreign partnership one or more of the members of which is, for United States
Federal income tax purposes, a foreign corporation, a non-resident alien individual or a
non-resident alien fiduciary of a foreign estate or trust.

     “U.S. Government Obligations” means direct obligations of the United States for the payment of
which its full faith and credit is pledged, or obligations of a person controlled or

9

 

supervised by and acting as an agency or instrumentality of the United States the timely
payment of which is unconditionally guaranteed as a full faith and credit obligation by the United
States, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2)
of the Securities Act of 1933, as amended) 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.

     Section 102. Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture (other than the delivery of any Debt Security to the Trustee for
authentication pursuant to Section 303), the Company shall furnish to the Trustee, if so requested
by the Trustee, an Officers’ Certificate stating that all conditions precedent, if any, provided
for in this Indenture relating to the proposed action have been complied with and an Opinion of
Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have
been complied with, except that in the case of any such application or request as to which the
furnishing of such documents is specifically required by any provision of this Indenture relating
to such particular application or request, no additional certificate or opinion need be furnished.

     Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture 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 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, in the opinion of each such individual, such condition
or covenant has been complied with.

     Section 103. Form of Documents Delivered to Trustee.

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

10

 

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

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

          (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by an agent
duly appointed in writing. If Debt Securities of a series are issuable in whole or in part as
Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders may, alternatively, be embodied
in and evidenced by the record of Holders of Debt Securities voting in favor thereof, either in
person or by proxies duly appointed in writing, at any meeting of Holders of Debt Securities duly
called and held in accordance with the provisions of Article Sixteen, or a combination of such
instruments and any such record. Except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments or record or both are delivered to the
Trustee, and, where it is hereby expressly required, to the Company. Such instrument or
instruments and any such record (and the action embodied therein and evidenced thereby) are herein
sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so
voting at any such meeting. Proof of execution of any such instrument or of a writing appointing
any such agent, or the holding by any Person of a Debt Security, shall be sufficient for any
purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the
Company, if made in the manner provided in this Section. The record of any meeting of Holders of
Debt Securities shall be proved in the manner provided in Section 1606.

          (b) The fact and date of the execution by any Person of any such instrument or writing may be
proved in any manner which the Trustee deems sufficient.

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

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

          (e) The fact and date of execution of any such instrument or writing, the authority of the
Person executing the same and the principal amount and serial numbers of Bearer Securities held by
the Person so executing such instrument or writing and the date of holding the same may also be
proved in any other manner which the Trustee deems sufficient; and the Trustee may in any instance
require further proof with respect to any of the matters referred to in this Section.

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

          (g) For purposes of determining the principal amount of Outstanding Debt Securities of any
series of Holders of which are required, requested or permitted to give any request, demand,
authorization, direction, notice, consent, waiver or take any other Act under this Indenture, (i)
each Original Issue Discount Security shall be deemed to have the principal amount determined by
the Trustee that could be declared to be due and payable pursuant to the terms of such Original
Issue Discount Security as of the date there is delivered to the Trustee and, where it is hereby
expressly required, to the Company, such Act by Holders of the required aggregate principal amount
of the Outstanding Debt Securities of such series and (ii) each Debt Security denominated in a
Foreign Currency or composite currency shall be deemed to have the principal amount determined by
the Exchange Rate Agent by converting the principal amount of such Debt Security in the currency in
which such Debt Security is denominated into Dollars at the Exchange Rate as of the date such Act
is delivered to the Trustee and, where it is hereby expressly required, to the Company, by Holders
of the required aggregate principal amount of the Outstanding Debt Securities of such series (or,
if there is no such rate on such date, such rate on the date determined as specified as
contemplated in Section 301).

          (h) The Company may set a record date for purposes of determining the identity of Holders of
Debt Securities of any series entitled to vote or consent to any action by vote or consent
authorized or permitted by Section 512 or Section 513. Such record date shall

12

 

be the later of 30 days prior to the first solicitation of such consent or the date of the
most recent list of Holders of such Debt Securities furnished to the Trustee pursuant to Section
701 prior to such solicitation.

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

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

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

     (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to the Company addressed to the attention of its Secretary 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 106. Notice to Holders; Waiver.

     Except as otherwise expressly provided herein, where this Indenture provides for notice to
Holders of any event, (1) such notice shall be sufficiently given to Holders of Registered
Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered
Security affected by such event, at such Holder’s address as it appears in the Security Register,
not later than the latest date, and not earlier than the earliest date, prescribed for the giving
of such notice; and (2) such notice shall be sufficiently given to Holders of Bearer Securities by
publication thereof in an Authorized Newspaper in The City of New York and, if the Debt Securities
of such series are then listed on The International Stock Exchange of the United Kingdom and the
Republic of Ireland and such stock exchange shall so require, in London, and, if the Debt
Securities of such series are then listed on the Luxembourg Stock Exchange and such stock exchange
shall so require, in Luxembourg and, if the Debt Securities of such series are then listed on any
other stock exchange outside the United States and such stock exchange shall so require, in any
other required city outside the United States or, if not practicable, in Europe on a Business Day
at least twice, the first such publication to be not later than the latest date and not earlier
than the earliest date prescribed for the giving of such notice.

     In case, by reason of the suspension of or irregularities in regular mail service or for any
other reason, it shall be impossible or impracticable to mail notice of any event to Holders when
said notice is required to be given pursuant to any provision of this Indenture or of the Debt
Securities, then any manner of giving such notice as shall be satisfactory to the Trustee shall be
deemed to be a sufficient giving of such notice. In any case where notice to Holders of Registered
Securities is to be given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Registered Security shall affect
the

13

 

sufficiency of such notice with respect to other Holders of Registered Securities or the
sufficiency of any notice by publication to Holders of Bearer Securities given as provided above.

     In case, by reason of the suspension of publication of any Authorized Newspaper, or by reason
of any other cause, it shall be impossible or impracticable to make publication of any notice to
Holders of Bearer Securities as provided above, then such method of publication or notification as
shall be made with the approval of the Trustee shall constitute a sufficient publication of such
notice. Neither failure to give notice by publication to Holders of Bearer Securities as provided
above, nor any defect in any notice so published, shall affect the sufficiency of any notice mailed
to Holders of Registered Securities as provided above.

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

     Any request, demand, authorization, direction, notice, consent, election, waiver or other Act
required or permitted under this Indenture shall be in the English language, except that any
published notice may be in an official language of the country of publication.

     Section 107. Conflict with Trust Indenture Act.

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

     Section 108. Effect of Headings and Table of Contents.

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

     Section 109. Successors and Assigns.

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

     Section 110. Separability Clause.

     In case any provision in this Indenture or in the Debt Securities or coupons 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 111. Benefits of Indenture.

     Nothing in this Indenture or in the Debt Securities or coupons, express or implied, shall give
to any Person, other than the parties hereto and their successors hereunder, any Paying

14

 

Agent and
the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture.

     Section 112. Governing Law.

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

     Section 113. Legal Holidays.

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

     Section 114. Counterparts.

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

ARTICLE TWO

Debt Security Forms

     Section 201. Forms Generally.

     The Registered Securities, if any, and the Bearer Securities and related coupons, if any, of
each series shall be in substantially the form (including temporary or permanent global form) as
shall be established in or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or
other marks of identification and such legends or endorsements placed thereon, as may be required
to comply with the rules of any securities exchange, or as may, consistently herewith, be
determined by the officers executing such Debt Securities or coupons, as evidenced by their
signatures on the Debt Securities or coupons. If the form of Debt Securities of any
series or coupons (including any such Global Security) is established by action taken pursuant
to a Board Resolution, a copy of an appropriate record of such action shall be certified by the
Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Company Order contemplated by Section 303 for the authentication and delivery of
such Debt Securities or coupons.

15

 

     Unless otherwise specified as contemplated by Section 301, Debt Securities in bearer form
other than Debt Securities in temporary or permanent global form shall have coupons attached.

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

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

     This is one of the Debt Securities, of the series designated herein, described in the
within-mentioned Indenture.

	 	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	as Trustee
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Officer

     Section 203. Debt Securities in Global Form.

     If Debt Securities of a series are issuable in whole or in part in global form, as specified
as contemplated by Section 301, then, notwithstanding clause (12) of Section 301 and the provisions
of Section 302, such Global Security shall represent such of the outstanding Debt Securities of
such series as shall be specified therein and may provide that it shall represent the aggregate
amount of Outstanding Debt Securities from time to time endorsed thereon and that the aggregate
amount of Outstanding Debt Securities represented thereby may from time to time be reduced to
reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or
decrease in the amounts, of Outstanding Debt Securities represented thereby shall be made in such
manner and upon instructions given by such Person or Persons as shall be specified therein or in
the Company Order to be delivered to the Trustee pursuant to Section 303 or Section 304.

     The provisions of the last sentence of Section 303(g) shall apply to any Debt Securities
represented by a Debt Security in global form if such Debt Security was never issued and sold by
the Company and the Company delivers to the Trustee the Debt Security in global form together
with written instructions (which need not comply with Section 102 and need not be accompanied
by an Opinion of Counsel) with respect to the reduction in the principal amount of Debt Securities
represented thereby, together with the written statement contemplated by the last sentence of
Section 303(g).

     Global Securities may be issued in either registered or bearer form and in either temporary or
permanent form.

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ARTICLE THREE

The Debt Securities

     Section 301. Amount Unlimited; Issuance in Series.

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

     The Debt Securities may be issued in one or more series. There shall be established in or
pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or
more indentures supplemental hereto, prior to the issuance of Debt Securities of any series:

     (1) the title of the Debt Securities of the series and the CUSIP numbers (which shall
distinguish the Debt Securities of the series from all other Debt Securities), if available
at the time the series is established;

     (2) the limit, if any, upon the aggregate principal amount of the Debt Securities of
the series which may be authenticated and delivered under this Indenture (except for Debt
Securities authenticated and delivered upon registration of transfer of, or in exchange for,
or in lieu of, other Debt Securities of the series pursuant to Section 304, 305, 306, 906,
1107, 1303, 1408 or 1903 and except for any Debt Securities which, pursuant to Section 303,
are deemed never to have been authenticated and delivered hereunder);

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

     (4) the rate or rates, if any, at which the Debt Securities of the series shall bear
interest, or the method or methods by which such rate or rates may be determined, the date
or dates from which such interest shall accrue, the Interest Payment Dates on which such
interest shall be payable, the Regular Record Date for the interest payable on any
Registered Security on any Interest Payment Date and the circumstances, if any, in which the
Company may defer interest payments;

     (5) the place or places where, subject to the provisions of Section 1002, the principal
of (and premium, if any) and interest on Debt Securities of the series shall be payable, any
Registered Securities of the series may be surrendered for registration of transfer, Debt
Securities of the series may be surrendered for exchange and notices and
demands to or upon the Company in respect of the Debt Securities of the series and this
Indenture may be served and where notices to Holders pursuant to Section 106 will be
published;

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

17

 

     (7) if applicable, the place or places at which, the period or periods within which,
the price or prices at which and the terms and conditions upon which Debt Securities shall
be exchangeable for Capital Securities of the Company, which terms and conditions shall not
be inconsistent with Article Fourteen:

     (8) any covenant or option of the Company to create a Securities Fund for the repayment
of the Debt Securities and the terms and conditions of such Securities Fund, which terms and
conditions shall not be inconsistent with Article Fifteen:

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

     (10) whether Debt Securities of the series are to be issuable as Registered Securities,
Bearer Securities or both, whether Debt Securities of the series are to be issuable with or
without coupons or both and, in the case of Bearer Securities, the date as of which such
Bearer Securities shall be dated if other than the date of original issuance of the first
Debt Security of such series of like tenor and term to be issued:

     (11) whether the Debt Securities of the series shall be issued in whole or in part in
the form of a Global Security or Securities and, in such case, the Depositary and Global
Exchange Agent for such Global Security or Securities, whether such global form shall be
permanent or temporary and, if applicable, the Global Exchange Date;

     (12) if Debt Securities of the series are to be issuable initially in the form of a
temporary Global Security, the circumstances under which the temporary Global Security can
be exchanged for definitive Debt Securities and whether the definitive Debt Securities will
be Registered and/or Bearer Securities and will be in global form and whether interest in
respect of any portion of such Global Security payable in respect of an Interest Payment
Date prior to the Global Exchange Date shall be paid to any clearing organization with
respect to a portion of such Global Security held for its account and, in such event, the
terms and conditions (including any certification requirements) upon which any such interest
payment received by a clearing organization will be credited to the Persons entitled to
interest payable on such Interest Payment Date if other than as provided in this Article
Three;

     (13) whether, and under what conditions, additional amounts will be payable to Holders
of Debt Securities of the series pursuant to Section 1006;

     (14) the denominations in which any Registered Securities of the series shall be
issuable, if other than denominations of $1,000 and any integral multiple thereof, and the
denominations in which any Bearer Securities of such series shall be issuable, if other than
the denomination of $5,000;

18

 

     (15) if other than the principal amount thereof, the portion of the principal amount of
Debt Securities of the series which shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 502;

     (16) the currency or currencies of denomination of the Debt Securities of any series,
which may be in Dollars, any Foreign Currency or any composite currency, including but not
limited to the ECU, and, if any such currency of denomination is a composite currency other
than the ECU, the agency or organization, if any, responsible for overseeing such composite
currency;

     (17) the currency or currencies in which payment of the principal of (and premium, if
any) and interest on the Debt Securities will be made, the currency or currencies, if any,
in which payment of the principal of (and premium, if any) or the interest on Registered
Securities, at the election of each of the Holders thereof, may also be payable and the
periods within which and the terms and conditions upon which such election is to be made and
the Exchange Rate and Exchange Rate Agent;

     (18) if the amount of payments of principal of (and premium, if any) or interest on the
Debt Securities of the series may be determined with reference to an index based on a
currency or currencies other than that in which the Debt Securities are denominated or
designated to be payable, the manner in which such amounts shall be determined;

     (19) if payments of principal of (and premium, if any) or interest on the Debt
Securities of the series are to be made in a Foreign Currency other than the currency in
which such Debt Securities are denominated, the manner in which the Exchange Rate with
respect to such payments shall be determined or if the Exchange Rate is to be determined
otherwise than as provided in Section 101;

     (20) any Events of Default with respect to Debt Securities of such series, if not set
forth herein:

     (21) any other covenant or warranty included for the benefit of the Debt Securities of
the series in addition to (and not inconsistent with) those set forth herein for the benefit
of Debt Securities of all series, or any other covenant or warranty included for the benefit
of Debt Securities of the series in lieu of any covenant or warranty set forth herein for
the benefit of Debt Securities of all series, or any provision that any covenant or warranty
set forth herein for the benefit of Debt Securities of all series shall not be for the
benefit of Debt Securities of such series, or any combination of such covenants, warranties
or provisions and whether the provisions of Section 1005 will not apply such covenants and
warranties;

     (22) the terms and conditions, if any, pursuant to which the Company’s obligations
under this Indenture may be terminated through the deposit of money or Eligible Instruments
as provided in Articles Four and Seventeen;

     (23) the Person or Persons who shall be Security Registrar for the Debt Securities of
such series if other than the Trustee, and the place or places where the

19

 

Security Register
for such series shall be maintained and the Person or Persons who will be the initial Paying
Agent or Agents, if other than the Trustee:

     (24) whether the Debt Securities of the series are Convertible Securities and the terms
related thereto including the Conversion Price and the date on which the right to convert
expires; and

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

     All Debt Securities of any one series and the coupons appertaining to Bearer Securities of
such series, if any, shall be substantially identical except, in the case of Registered Securities,
as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution
and set forth in such Officers’ Certificate or in any such indenture supplemental hereto.

     Debt Securities of any particular series may be issued at various times, with different dates
on which the principal or any installment of principal is payable, with different rates of
interest, if any, or different methods by which rates of interest may be determined, with different
dates on which such interest may be payable and with different Redemption or Repayment Dates and
may be denominated in different currencies or payable in different currencies.

     If any of the terms of a series of Debt Securities are established by action taken pursuant to
a Board Resolution, a copy of an appropriate record of such action shall be certified by the
Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Officers’ Certificate setting forth the terms of the series.

     Section 302. Denominations.

     Debt Securities of each series shall be issuable in such form and denominations as shall be
specified in the form of Debt Security for such series approved or established pursuant to Section
201 or in the Officers’ Certificate delivered pursuant to Section 301. In the absence of any
specification with respect to the Debt Securities of any series, the Registered Securities of such
series, if any, shall be issuable in denominations of $1,000 and any integral multiple thereof and
the Bearer Securities of such series, if any, shall be issuable in the denominations of $5,000.

     Section 303. Execution, Authentication, Delivery and Dating.

          (a) The Debt Securities shall be executed on behalf of the Company by its Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President, and by its Treasurer or one
of its Assistant Treasurers or its Secretary or one of its Assistant Secretaries
under its corporate seal reproduced thereon. The signature of any of these officers on the
Debt Securities may be manual or facsimile. Coupons shall bear the facsimile signature of an
authorized officer of the Company.

          Debt Securities and coupons bearing the manual or facsimile signatures of individuals who were
at any time the proper officers of the Company shall bind the Company, notwithstanding that such
individuals or any of them have ceased to hold such offices prior to the

20

 

authentication and
delivery of such Debt Securities or coupons of any series or did not hold such offices at the date
of such Debt Securities or coupons.

          (b) At any time and from time to time after the execution and delivery of this Indenture, Debt
Securities of any series may be executed by the Company and delivered to the Trustee for
authentication, and, except as otherwise provided in this Article Three, shall thereupon be
authenticated and delivered by the Trustee upon Company Order, without any further action by the
Company: provided, however, that, in connection with its original issuance, a Bearer Security may
be delivered only outside the United States and, except in the case of a temporary Global Security,
only if the Company or its agent shall have received the certification required pursuant to
Sections 304(b)(iii) and (iv), unless such certification shall have been provided earlier pursuant
to Section 304(b)(v) hereof, and only if the Company has no reason to know that such certification
is false.

     To the extent authorized in or pursuant to a Board Resolution and set forth in an Officers’
Certificate, or established in one or more indentures supplemental hereto, such written Company
Order may be given by any one officer or employee of the Company, may be electronically
transmitted, and may provide instructions as to registration of holders, principal amounts, rates
of interest, maturity dates and other matters contemplated by such Board Resolution and Officers’
Certificate or supplemental indenture to be so instructed in respect thereof. Before authorizing
and delivering the first Debt Securities of any series (and upon request of the Trustee
thereafter), the Company shall deliver to the Trustee (i) the certificates called for under
Sections 201 and 301 hereof and (ii) an Opinion of Counsel described in the next sentence.

     In authenticating such Debt Securities, and accepting the additional responsibilities under
this Indenture in relation to any Debt Securities, the Trustee shall be entitled to receive, prior
to the initial authentication of such Debt Securities, and (subject to Section 601) shall be fully
protected in relying upon:

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

     (ii) an executed supplemental indenture, if any, relating thereto;

     (iii) an Officers’ Certificate setting forth the form and terms of the Debt Securities
of such series and coupons, if any, pursuant to Sections 201 and 301 and stating that all
conditions precedent provided for in this Indenture relating to the issuance of such Debt
Securities have been complied with; and

     (iv) an Opinion of Counsel stating

     (A) that the form of such Debt Securities and coupons, if any, has been
established in or pursuant to a Board Resolution or by a supplemental indenture as
permitted by Section 201 in conformity with the provisions of this Indenture:

     (B) that the terms of such Debt Securities and coupons, if any, have been
established in or pursuant to a Board Resolution or by a supplemental

21

 

indenture as
permitted by Section 301 in conformity with the provisions of this Indenture; and

     (C) that such Debt Securities and coupons, if any, when authenticated and
delivered by the Trustee and issued by the Company in the manner and subject to any
conditions specified in such Opinion of Counsel, will constitute valid and binding
obligations of the Company, enforceable in accordance with their terms, except that
where Debt Securities of any series are to be exchanged for Capital Securities or
paid from the Securities Fund, the issuance of Capital Securities will require
further action by the Board of Directors, and subject, as to enforcement of
remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other
laws affecting creditors’ rights generally and the application of general principles
of equity and except further as enforcement thereof may be limited by (i)
requirements that a claim with respect to any Debt Securities denominated other than
in Dollars (or a Foreign Currency or currency unit judgment in respect of such
claim) be converted into Dollars at a rate of exchange prevailing on a date
determined pursuant to applicable law or (ii) governmental authority to limit, delay
or prohibit the making of payments in Foreign Currencies or currency units or
payments outside the United States.

          (c) If the Company shall establish pursuant to Section 301 that the Debt Securities of a
series are to be issued in whole or in part in the form of one or more Global Securities, then the
Company shall execute and the Trustee shall, in accordance with this Section and the Company Order
with respect to such series, authenticate and deliver one or more Global Securities in permanent or
temporary form that (i) shall represent and shall be denominated in an aggregate amount equal to
the aggregate principal amount of the Outstanding Debt Securities of such series to be represented
by one or more Global Securities, (ii) shall be registered in the name of the Depositary for such
Global Security or Securities or the nominee of such Depositary and (iii) shall be delivered by the
Trustee to such Depositary or pursuant to such Depositary’s instructions.

          (d) The Trustee shall have the right to decline to authenticate and deliver any Debt
Securities under this Section 303 if the issuance of such Debt Securities will adversely affect the
Trustee’s own rights, duties or immunities under the Debt Securities and this Indenture or
otherwise in a manner which is not reasonably acceptable to the Trustee.

          (e) If all the Debt Securities of any series are not to be issued at one time, it shall not be
necessary to deliver an Opinion of Counsel at the time of issuance of each Debt Security, but such
Opinion of Counsel, with appropriate modifications, may instead be delivered at or prior to the
time of the first issuance of Debt Securities of such series.

          (f) Each Registered Security shall be dated the date of its authentication. Each Bearer
Security shall be dated as of the date specified as contemplated by Section 301.

          (g) No Debt Security or coupon attached thereto shall be entitled to any benefit under this
Indenture or be valid or obligatory for any purpose, unless there appears on such Debt Security a
certificate of authentication substantially in the form provided for herein

22

 

executed by the
Trustee, and such certificate upon any Debt Security shall be conclusive evidence, and the only
evidence, that such Debt Security has been duly authenticated and delivered hereunder. Except as
permitted by Section 306, the Trustee shall not authenticate and deliver any Bearer Security unless
all appurtenant coupons for interest then matured have been detached and cancelled.
Notwithstanding the foregoing, if any Debt Security or portion thereof shall have been duly
authenticated and delivered hereunder but never issued and sold by the Company, and the Company
shall deliver such Debt Security to the Trustee for cancellation as provided in Section 309
together with a written statement (which need not comply with Section 102 and need not be
accompanied by an Opinion of Counsel) stating that such Debt Security or portion thereof has never
been issued and sold by the Company, for all purposes of this Indenture such Debt Security shall be
deemed never to have been authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture.

          (h) Each Depositary designated pursuant to Section 301 for a Global Security in registered
form must, at the time of its designation and at all times while it serves as Depositary, be a
clearing agency registered under the Securities Exchange Act of 1934 and any other applicable
statute or regulation.

     Section 304. Temporary Debt Securities.

          (a) Pending the preparation of definitive Debt Securities of any series, the Company may
execute, and upon receipt of documents required by Sections 301 and 303, together with a Company
Order, the Trustee shall authenticate and deliver, temporary Debt Securities which are printed,
lithographed, typewritten, mimeographed or otherwise produced, in any denomination, substantially
of the tenor and terms of the definitive Debt Securities in lieu of which they are issued in
registered form or, if authorized, in bearer form with one or more coupons or without coupons, and
with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Debt Securities may determine, as evidenced by their signatures on such Debt
Securities. In the case of Debt Securities of any series issuable as Bearer Securities, such
temporary Debt Securities may be in global form, representing all or any part of the Outstanding
Debt Securities of such series.

          (b) Unless otherwise provided pursuant to Section 301:

     (i) Except in the case of temporary Debt Securities in global form, if temporary Debt
Securities of any series are issued, the Company will cause definitive Debt Securities of
such series to be prepared without unreasonable delay. After the preparation of definitive
Debt Securities of such series, the related temporary Debt Securities shall be exchangeable
for such definitive Debt Securities upon surrender of the temporary Debt Securities of such
series at the office or agency of the Company in the
Place of Payment for such series, without charge to the Holder. Upon surrender for
cancellation of any one or more temporary Debt Securities of any series (accompanied, if
applicable, by all unmatured coupons and all matured coupons in default appertaining
thereto), the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor a like principal amount of definitive Debt Securities of the same series
of like tenor and terms and of authorized denominations; provided, however, that no Bearer
Security shall be delivered in exchange for a Registered Security; and provided,

23

 

further,
that a Bearer Security shall be delivered in exchange for a Bearer Security only in
compliance with the conditions set forth in Section 305.

     (ii) If Debt Securities of any series are issued in temporary global form, any such
temporary Global Security shall, unless otherwise provided pursuant to Section 301, be
delivered to the Depositary for the benefit of Euroclear and CEDEL S.A, for credit to the
respective accounts of the beneficial owners of such Debt Securities (or to such other
accounts as they may direct).

     (iii) Without unnecessary delay but in any event not later than the date specified in,
or determined pursuant to the terms of, any such temporary Global Security (the “Global
Exchange Date”), the Company shall deliver definitive Debt Securities to the Trustee or the
agent appointed by the Company pursuant to Section 301 to effect the exchange of the
temporary Global Security for definitive Debt Securities (the “Global Exchange Agent”), in
an aggregate principal amount equal to the principal amount of such temporary Global
Security, executed by the Company. On or after the Global Exchange Date, such temporary
Global Security shall be surrendered by the Depositary to the Global Exchange Agent, to be
exchanged, in whole or from time to time in part, for definitive Debt Securities without
charge and the Trustee or the Global Exchange Agent, if authorized by the Trustee pursuant
to Section 614, shall authenticate and deliver, in exchange for each portion of such
temporary Global Security, an equal aggregate principal amount of definitive Debt Securities
of the same series of authorized denominations and of like tenor and terms as the portion of
such temporary Global Security to be exchanged. Upon any exchange of a part of such
temporary Global Security for definitive Debt Securities, the portion of the principal
amount and any interest thereon so exchanged shall be endorsed by the Global Exchange Agent
on a schedule to such temporary Global Security, whereupon the principal amount and interest
payable with respect to such temporary Global Security shall be reduced for all purposes by
the amount so exchanged and endorsed. The definitive Debt Securities to be delivered in
exchange for any such temporary Global Security shall be in bearer form, registered form,
global registered form or global bearer form, or any combination thereof, as specified as
contemplated by Section 301, and, if any combination thereof is so specified, as requested
by the beneficial owner thereof; provided, however, that, in the case of the exchange of the
temporary Global Security for definitive Bearer Securities (including a definitive Global
Bearer Security), upon such presentation by the Depositary, such temporary Global Security
shall be accompanied by a certificate signed by Euroclear as to the portion of such
temporary Global Security held for its account then to be exchanged and a certificate signed
by CEDEL S.A. as to the portion of such temporary Global Security held for its account then
to be exchanged, each in the form set forth in Exhibit B to this Indenture, unless such
certificates) shall have been provided earlier
pursuant to Section 304(b)(v) hereof; and provided, further, that definitive Bearer
Securities (including a definitive Global Bearer Security) shall be delivered in exchange
for a portion of a temporary Global Security only in compliance with the requirements of
Section 303.

     (iv) The interest of a beneficial owner of Debt Securities of a series in a temporary
Global Security shall be exchanged for definitive Debt Securities of the same

24

 

series and of
like tenor and terms following the Global Exchange Date when the account holder instructs
Euroclear or CEDEL S.A, as the case may be, to request such exchange on such account
holder’s behalf and, in the case of the exchange of the temporary Global Security for
definitive Bearer Securities (including a definitive Global Bearer Security), unless such
certificate(s) shall have been provided earlier pursuant to Section 304(b)(v) hereof, the
account holder delivers to Euroclear or CEDEL S.A., as the case may be, a certificate in the
form set forth in Exhibit A-l and, if applicable, A-2 to this Indenture, dated no earlier
than 15 days prior to the Global Exchange Date, copies of which certificate shall be
available from the offices of Euroclear and CEDEL S.A., the Global Exchange Agent, any
authenticating agent appointed for such series of Debt Securities and each Paying Agent.
Unless otherwise specified in such temporary Global Security, any such exchange shall be
made free of charge to the beneficial owners of such temporary Global Security, except that
a Person receiving definitive Debt Securities must bear the cost of insurance, postage,
transportation and the like in the event that such Person does not take delivery of such
definitive Debt Securities in person at the offices of Euroclear and CEDEL S.A. Definitive
Debt Securities in bearer form to be delivered in exchange for any portion of a temporary
Global Security shall be delivered only outside the United States.

     (v) Until exchanged in full as hereinabove provided, the temporary Debt Securities of
any series shall in all respects be entitled to the same benefits under this Indenture as
definitive Debt Securities of the same series and of like tenor and terms authenticated and
delivered hereunder, except that interest payable on a temporary Global Security on an
Interest Payment Date shall be payable to Euroclear and CEDEL S.A. on such Interest Payment
Date only if there has been delivery by Euroclear and CEDEL S.A. to the Global Exchange
Agent of a certificate or certificates in the form set forth in Exhibit B to this Indenture
dated no earlier than the first Interest Payment Date, for credit without further interest
on or after such Interest Payment Date to the respective accounts of the Persons who are the
beneficial owners of such temporary Global Security on such Interest Payment Date and who
have each delivered to Euroclear or CEDEL S.A, as the case may be, a certificate in the form
set forth in Exhibit A-1 and, if applicable, A-2 to this Indenture dated no earlier than the
first Interest Payment Date. Any interest so received by Euroclear and CEDEL S.A. and not
paid as herein provided prior to the Global Exchange Date shall be returned to the Global
Exchange Agent which, upon expiration of two years after such Interest Payment Date, shall
repay such interest to the Company in accordance with Section 1003.

     Section 305. Registration; Registration of Transfer and Exchange.

     The Company shall cause to be kept at one of the offices or agencies to be maintained by the
Company in accordance with the provisions of this Section 305 and Section 1002, with respect to the
Debt Securities of each series which are Registered Securities, a register (herein sometimes
referred to as the “Security Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Registered Securities and of transfers
of Registered Securities. Pursuant to Section 301, the Company shall appoint, with respect to Debt
Securities of each series which are Registered Securities, a “Security Registrar”

25

 

for the purpose
of registering such Debt Securities and transfers and exchanges of such Debt Securities as herein
provided.

     Upon surrender for registration of transfer of any Registered Security of any series at the
office or agency of the Company maintained 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 Registered Securities of the same series of any authorized denomination or
denominations, of like tenor and terms and aggregate principal amount.

     At the option of the Holder, Registered Securities of any series may be exchanged for other
Registered Securities of the same series of any authorized form and denomination, of like tenor and
terms and aggregate principal amount, upon surrender of the Registered Securities to be exchanged
at such office or agency. Bearer Securities may not be delivered in exchange for Registered
Securities.

     At the option of the Holder, Registered Securities or Bearer Securities of any series may be
issued in exchange for Bearer Securities (except as otherwise specified as contemplated by Section
301 with respect to a Bearer Security in global form) of the same series, of any authorized
denominations and of like tenor and terms and aggregate principal amount, upon surrender of the
Bearer Securities to be exchanged at any such office or agency, with all unmatured coupons and all
matured coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to
produce any such unmatured coupon or coupons or matured coupon or coupons in default, such exchange
may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the
Company and the Trustee in an amount equal to the face amount of such missing coupon or coupons, or
the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if
there be furnished to them such security or indemnity as they may require to save each of them and
any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying
Agent any such missing coupon in respect of which such a payment shall have been made, such Holder
shall be entitled to receive the amount of such payment; provided, however, that, except as
otherwise provided in Section 1002, interest represented by coupons shall be payable only upon
presentation and surrender of those coupons at an office or agency located outside the United
States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at
any such office or agency in exchange for a Registered Security of the same series and like tenor
and terms after the close of business at such office or agency of (i) any Regular Record Date and
before the opening of business at such office or agency on the relevant Interest Payment Date, or
(ii) any Special Record Date and before the opening of business at such office or agency on the
related date for payment of Defaulted Interest, such Bearer Security shall be surrendered without
the coupon relating to such Interest Payment Date or proposed date of payment, as the case may be.

     Whenever any Debt Securities are so surrendered for exchange, the Company shall execute, and
the Trustee shall authenticate and deliver, the Debt Securities which the Holder making the
exchange is entitled to receive.

     If at any time the Depositary for the Debt Securities of a series notifies the Company that it
is unwilling or unable to continue as Depositary, for the Debt Securities of such series or if at

26

 

any time the Depositary for the Debt Securities of such series shall no longer be eligible under
Section 303(h), the Company shall appoint a successor Depositary with respect to the Debt
Securities of such series. If a successor Depositary for the Debt Securities of such series is not
appointed by the Company within 90 days after the Company receives such notice or becomes aware of
such ineligibility, the Company’s election pursuant to Section 301(11) shall no longer be effective
with respect to the Debt Securities of such series and the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities
of such series, will authenticate and deliver, Debt Securities of such series in definitive form in
an aggregate principal amount equal to the principal amount of the Global Security or Securities
representing such series in exchange for such Global Security or Securities.

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

     If specified by the Company pursuant to Section 301 with respect to a series of Debt
Securities, the Depositary for such series of Debt Securities may surrender a Global Security for
such series of Debt Securities in exchange in whole or in part for Debt Securities of such series
of like tenor and terms and in definitive form on such terms as are acceptable to the Company and
such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and
deliver, without service charge,

          (a) to each Person specified by such Depositary a new Debt Security or Securities of the same
series, of like tenor and terms and of any authorized denominations as requested by such person in
aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the
Global Security; and

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

     In any exchange provided for in any of the preceding three paragraphs, the Company will
execute and the Trustee will authenticate and deliver Debt Securities (a) in definitive registered
form in authorized denominations, if the Debt Securities of such series are issuable as Registered
Securities, (b) in definitive bearer form in authorized denominations, with coupons attached,
if the Debt Securities of such series are issuable as Bearer Securities or (c) as either Registered
or Bearer Securities, as shall be specified by the beneficial owner thereof, if the Debt Securities
of such series are issuable in either form: provided, however, that no definitive Bearer Security
shall be delivered in exchange for a temporary Global Security unless the Company or its agent
shall have received from the person entitled to receive the definitive Bearer Security a
certificate

27

 

substantially in the form set forth in Exhibit A-l and, if applicable, A-2 hereto; and
provided further that delivery of a Bearer Security shall occur only outside the United States; and
provided further that no definitive Bearer Security will be issued if the Company has reason to
know that any such certificate is false.

     Upon the exchange of a Global Security for Debt Securities in definitive form, such Global
Security shall be cancelled by the Trustee. Registered Securities issued in exchange for a Global
Security pursuant to this Section shall be registered in such names and in such authorized
denominations as the Depositary for such Global Security, pursuant to instructions from its direct
or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such
Registered Securities to the persons in whose names such Debt Securities are so registered. The
Trustee shall deliver Bearer Securities issued in exchange for a Global Security pursuant to this
Section to the persons, and in such authorized denominations, as the Depositary for such Global
Security, pursuant to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee; provided, however, that no definitive Bearer Security shall be delivered in
exchange for a temporary Global Security unless the Company or its agent shall have received from
the person entitled to receive the definitive Bearer Security a certificate substantially in the
form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that delivery of
a Bearer Security shall occur only outside the United States; and provided further that no
definitive Bearer Security will be issued if the Company has reason to know that any such
certificate is false.

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

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

     No service charge shall be made for any registration of transfer or exchange of Debt
Securities, but the Company may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any transfer, registration of transfer
or exchange of Debt Securities, other than exchanges expressly provided in this Indenture to be
made at the Company’s own expense or without expense or without charge to the Holders.

     The Company shall not be required (i) to issue, register the transfer of or exchange Debt
Securities of any particular series to be redeemed or exchanged for Capital Securities for a period
of fifteen days preceding the first publication of the relevant notice of redemption or, if
Registered Securities are outstanding and there is no publication, the mailing of the relevant
notice of redemption or exchange, or (ii) to register the transfer of or exchange any Registered
Security so selected for redemption or exchange in whole or in part, except the unredeemed or
unexchanged portion of such Registered Security being redeemed or exchanged in part, or (iii) to

28

 

exchange any Bearer Security so selected for redemption or exchange except that such a Bearer
Security may be exchanged for a Registered Security of like tenor and terms of that series,
provided that such Registered Security shall be simultaneously surrendered for redemption or
exchange.

     Notwithstanding anything herein to the contrary, the exchange of Bearer Securities into
Registered Securities shall be subject to applicable laws and regulations in effect at the time of
exchange; neither the Company, the Trustee nor the Security Registrar shall exchange any Bearer
Securities into Registered Securities if it has received an Opinion of Counsel that as a result of
such exchanges the Company would suffer adverse consequences under the United States Federal income
tax laws and regulations then in effect and the Company has delivered to the Trustee a Company
Order directing the Trustee not to make such exchanges thereafter unless and until the Trustee
receives a subsequent Company Order to the contrary. The Company shall deliver copies of such
Company Orders to the Security Registrar.

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

     If (i) any mutilated Debt Security or a Bearer Security with a mutilated coupon appertaining
to it is surrendered to a Paying Agent outside the United States designated by the Company, or, in
the case of any Registered Security, to the Trustee, or (ii) the Company and the Trustee receive
evidence to their satisfaction of the destruction, loss or theft of any Debt Security or coupon,
and there is delivered to the Company and the Trustee such security or indemnity as may be required
by them to save each of them harmless, then, in the absence of notice to the Company and the
Trustee that such Debt Security or coupon has been acquired by a bona fide purchaser, the Company
shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange
for any such mutilated Debt Security or Bearer Security with a mutilated coupon appertaining to it
or to which a destroyed, lost or stolen coupon appertains (with all appurtenant coupons not
destroyed, lost or stolen) or in lieu of any such destroyed, lost or stolen Debt Security, a new
Debt Security of like tenor and terms and principal amount, bearing a number not contemporaneously
outstanding, with coupons corresponding to the coupon, if any, appertaining to such destroyed, lost
or stolen Debt Security or to the Debt Security to which such destroyed, lost or stolen coupon
appertains; provided, however, that any such new Bearer Security will be delivered only in
compliance with the conditions set forth in Section 305.

     In case any such mutilated, destroyed, lost or stolen Debt Security or coupon has become or is
about to become due and payable, the Company in its discretion may, instead of issuing a new Debt
Security, pay such Debt Security or coupon; provided, however, that payment of principal of (and
premium, if any) and any interest on Bearer Securities shall, except as
otherwise provided in Section 1002, be payable only at an office or agency located outside the
United States; and provided, further, that, with respect to any such coupons, interest represented
thereby (but not any additional amounts payable as provided in Section 1006), shall be payable only
upon presentation and surrender of the coupons appertaining thereto.

     Upon the issuance of any new Debt Security or coupons under this Section. the Company may
require the payment of a sum sufficient to cover any tax or other governmental charge that

29

 

may be
imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee
and printing expenses) connected therewith.

     Every new Debt Security of any series, with its coupons, if any, issued pursuant to this
Section in lieu of any destroyed, lost or stolen Debt Security, or in exchange for a Bearer
Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Debt
Security and its coupons, if any, or the destroyed, lost or stolen coupon shall be at any time
enforceable by anyone, and any such new Debt Security and coupons, if any, shall be entitled to all
the benefits of this Indenture equally and proportionately with any and all other Debt Securities
of that series and their coupons, if any, 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 Debt Securities or coupons.

     Section 307. Payment of Interest; Interest Rights Preserved.

     Interest on any Registered Security which is payable, and is punctually paid or duly provided
for on any Interest Payment Date shall be paid to the Person in whose name that Registered Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest. In case a Bearer Security of any series is surrendered in exchange
for a Registered Security of such series after the close of business (at an office or agency in a
Place of Payment for such series) on any Regular Record Date and before the opening of business (at
such office or agency) on the next succeeding Interest Payment Date such Bearer Security shall be
surrendered without the coupon relating to such Interest Payment Date and interest will not be
payable on such Interest Payment Date in respect of the Registered Security issued in exchange for
such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance
with the provisions of this Indenture. At the option of the Company, payment of interest on any
Registered Security may be made by check in the currency designated for such payment pursuant to
the terms of such Registered Security mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register or by wire transfer to an account in such currency
designated by such Person in writing not later than ten days prior to the date of such payment.

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

     (1) The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Registered Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on a Special Record Date for the payment
of such Defaulted Interest, which shall be fixed in the following manner. The Company shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on
each Registered Security of such series and the date of the

30

 

proposed payment, and at the
same time the Company shall deposit with the Trustee an amount of money and/or, to the
extent such Debt Securities are denominated and payable in Dollars only, Eligible
Instruments the payments of principal and interest on which when due (and without
reinvestment and providing no tax liability will be imposed upon the Trustee or the Holder
of such Registered Securities) will provide money in such amounts as will (together with any
money irrevocably deposited in trust with the Trustee, without investment) be 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 and/or Eligible Instruments when deposited to be held in trust for the
benefit of the Persons entitled to such Defaulted Interest as in this Clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted
Interest which shall be not more than 15 days and not less than 10 days prior to the date of
the proposed payment and not less than 10 days after the receipt by the Trustee of the
written notice of the proposed payment. The Trustee shall promptly notify the Company of
such Special Record Date. Unless the Trustee is acting as the Security Registrar, promptly
after such Special Record Date, the Company shall furnish the Trustee with a list, or shall
make arrangements satisfactory to the Trustee with respect thereto, of the names and
addresses of, and principal amounts of Registered Securities of such series held by, the
Holders appearing on the Security Register at the close of business on such Special Record
Date. In the name and at the expense of the Company, the Trustee shall cause notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor to be
mailed, first-class postage prepaid, to each Holder of Registered Securities of such series
at his address as it appears in the Security Register, not less than 10 days prior to such
Special Record Date. Notice of the proposed payment of such Defaulted Interest and the
Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall
be paid to the Persons in whose names the Registered Securities of such series (or their
respective Predecessor Securities) are registered at the close of business on such Special
Record Date and shall no longer be payable pursuant to the following Clause (2). In case a
Bearer Security of any series is surrendered at the office or agency in a Place of Payment
for such series in exchange for a Registered Security of such series after the close of
business at such office or agency on any Special Record Date and before the opening of
business at such office or agency on the related proposed date for payment of Defaulted
Interest, such Bearer Security shall be surrendered without the coupon relating to such
proposed date of payment and Defaulted Interest will not be payable on such proposed date of
payment in respect of the Registered Security issued in exchange for such Bearer Security,
but will be payable only to the Holder, of such coupon when due in accordance with the
provisions of this Indenture.

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

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

     Subject to the limitations set forth in Section 1002, the Holder of any coupon appertaining to
a Bearer Security shall be entitled to receive the interest payable on such coupon upon
presentation and surrender of such coupon on or after the Interest Payment Date of such coupon at
an office or agency maintained for such purpose pursuant to Section 1002.

     If any Registered Security is exchanged for Capital Securities after any record date and on or
prior to the next succeeding Interest Payment Date (other than any Debt Security whose Maturity is
prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Date shall
be paid by the Company on such Interest Payment Date notwithstanding such exchange, and such
interest (whether or not punctually paid or duly provided for) shall be paid to the Person in whose
name that Debt Security is registered at the close of business on such record date.

     If any Bearer Security is exchanged for Capital Securities after any record date and on or
prior to the next succeeding Interest Payment Date (other than any Debt Security whose Maturity is
prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment
Date shall be payable on such Interest Payment Date notwithstanding such exchange, and such
interest (whether or not punctually paid or duly provided for) shall be paid by the Company
pursuant to such procedures as may be satisfactory to the Trustee.

     Section 308. Persons Deemed Owners.

     Prior to due presentment of a Registered Security for registration of transfer, the Company,
the Trustee and any agent of the Company or of the Trustee may treat the Person in whose name such
Registered Security is registered as the owner of such Registered Security for the purpose of
receiving payment of principal of (and premium, if any) and (subject to Section 307) interest on
such Registered Security and for all other purposes whatsoever, whether or not such Registered
Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the
Trustee shall be affected by notice to the contrary.

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

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

     Section 309. Cancellation.

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     Unless otherwise provided with respect to a series of Debt Securities, all Debt Securities and
coupons surrendered for payment, redemption, repayment, transfer, exchange or credit against any
sinking fund payment pursuant to this Indenture, shall, if surrendered to the Company or any agent
of the Company, be delivered to the Trustee and shall be promptly cancelled by it. The Company may
at any time deliver to the Trustee for cancellation any Debt Securities previously authenticated
and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Debt
Securities so delivered shall be promptly cancelled by the Trustee. No Debt Securities shall be
authenticated in lieu of or in exchange for any Debt Securities cancelled as provided in this
Section, except as expressly permitted by this Indenture. All cancelled Debt Securities and
coupons held by the Trustee shall be destroyed and certification of their destruction delivered to
the Company unless by a Company Order the Company shall direct that the cancelled Debt Securities
or coupons be returned to it.

     Section 310. Computation of Interest.

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

     Section 311. Certification by a Person Entitled to Delivery of a Bearer Security.

     Whenever any provision of this Indenture or a Debt Security contemplates that certification be
given by a Person entitled to delivery of a Bearer Security, such certification shall be provided
substantially in the form of Exhibit A-l and, if applicable, A-2 hereto, with only such changes as
shall be approved by the Company and consented to by the Trustee whose consent shall not
unreasonably be withheld.

     Section 312. Judgments.

     The Company may provide, pursuant to Section 301, for the Debt Securities of any series that,
to the fullest extent possible under applicable law and except as may otherwise be specified as
contemplated in Section 301, (a) the obligation, if any, of the Company to pay the principal of
(and premium, if any) and interest on the Debt Securities of any series and any appurtenant coupons
in a Foreign Currency, composite currency or Dollars (the “Designated Currency”) as may be
specified pursuant to Section 301 is of the essence and agrees that judgments in respect of such
Debt Securities shall be given in the Designated Currency; (b) the obligation of the
Company to make payments in the Designated Currency of the principal of (and premium, if any)
and interest on such Debt Securities and any appurtenant coupons shall, notwithstanding any payment
in any other currency (whether pursuant to a judgment or otherwise), be discharged only to the
extent of the amount in the Designated Currency that the Holder receiving such payment may, in
accordance with normal banking procedures, purchase with the sum paid in such other currency (after
any premium and cost of exchange) in the country-of issue of the Designated Currency in the case of
Foreign Currency or Dollars or in the international banking community in the case of a composite
currency on the Business Day immediately following the day on which such Holder receives such
payment; (c) if the amount in the Designated Currency that may be so purchased for any reason falls
short of the amount originally due, the Company shall pay such additional amounts as may be
necessary to compensate for such shortfall: and

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(d) any obligation of the Company not discharged by
such payment shall be due as a separate and independent obligation and, until discharged as
provided herein, shall continue in full force and effect.

ARTICLE FOUR

Satisfaction and Discharge

     Section 401. Satisfaction and Discharge of Indenture.

     This Indenture shall upon Company Request cease to be of further effect (except as to any
surviving rights of registration of transfer or exchange of Debt Securities herein expressly
provided for and rights to receive payments of principal and interest thereon and any right to
receive additional amounts, as provided in Section 1006) and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and discharge of this
Indenture when

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     (1) either

     (A) all Debt Securities theretofore authenticated and delivered and all coupons
appertaining thereto (other than (i) coupons appertaining to Bearer Securities
surrendered in exchange for Registered Securities and maturing after such exchange,
surrender of which is not required or has been waived as provided in Section 305,
(ii) Debt Securities and coupons which have been destroyed, lost or stolen and which
have been replaced or paid as provided in Section 306, (iii) coupons appertaining to
Bearer Securities called for redemption or surrendered for repayment and maturing
after the relevant Redemption Date or Repayment Date, as appropriate, surrender of
which has been waived as provided in Section 1106 or 1303 and (iv) Debt Securities
and coupons for whose payment money and/or Eligible Instruments have theretofore
been deposited in trust or segregated and held in trust by the Company and
thereafter repaid to the Company or discharged from such trust, as provided in
Section 1003) have been delivered to the Trustee cancelled or for cancellation; or

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

     (i) have become due and payable, or

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

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

and the Company, in the case of (B)(i), (B)(ii) or (B)(iii) above, has irrevocably deposited
or caused to be deposited with the Trustee as trust funds in trust for the purpose money
and/or, to the extent such Debt Securities are denominated and payable in Dollars only.
Eligible Instruments the payments of principal and interest on which when due (and without
reinvestment and providing no tax liability, will be imposed upon the Trustee or the Holders
of Debt Securities) will provide money in such amounts as will (together with any money
irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay
and discharge the entire indebtedness on such Debt Securities and coupons of such series for
principal (and premium, if any) and interest, and any mandatory sinking fund, repayment or
analogous payments thereon, on the scheduled due dates therefor to the date of such deposit
(in the case of Debt Securities and coupons which have become due and payable) or to the
Stated Maturity or Redemption Date, if any, and all Repayment Dates (in the case of Debt
Securities repayable at the option of the Holders thereof); provided, however, that in the
event a petition for relief under the Bankruptcy Reform Act of 1978 or a successor statute
is filed with respect to the Company within 91 days after the deposit, the obligations of
the Company under the

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Indenture with respect to the Debt Securities of such series shall not be deemed terminated
or discharged, and in such event the Trustee shall be required to return the deposited money
and Eligible Instruments then held by the Trustee to the Company;

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

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

     Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 607 and, if money or Eligible Instruments shall have been
deposited with the Trustee pursuant to Subclause (B) of Clause (1) of this Section, the obligations
of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive such
satisfaction and discharge.

     Section 402. Application of Trust Money and Eligible Instruments.

          (a) Subject to the provisions of the last paragraph of Section 1003, all money and Eligible
Instruments deposited with the Trustee pursuant to Section 401 or 1704 shall be held in trust and
such money and the principal and interest received on such Eligible Instruments shall be applied by
it, in accordance with the provisions of the Debt Securities, the coupons and this Indenture, to
the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and
premium, if any) and interest for whose payment such money or Eligible Instruments have been
deposited with the Trustee.

          (b) If this Section 402(b) is specified, as contemplated by Section 301, to be applicable to
the Debt Securities of any series, the Trustee shall deliver to the Company from time to time upon
Company Request any Eligible Instruments held by it as provided in Section 1702 or 1703, provided
that the Company in substitution therefor simultaneously delivers to the Trustee, money or other
Eligible Instruments which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, would then be
sufficient to satisfy the Company’s payment obligations in respect of the Debt Securities in the
manner contemplated by Section 1702 or 1703.

ARTICLE FIVE

Remedies

     Section 501. Events of Default.

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

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     (1) the entry of a decree or order for relief in respect of the Company by a court
having jurisdiction in the premises in an involuntary case under the Federal bankruptcy
laws, as now or hereafter constituted, and the continuance of any such decree or order
unstayed and in effect for a period of 60 consecutive days; or

     (2) the commencement by the Company of a voluntary case under the Federal bankruptcy
laws, as now or hereafter constituted, or the consent by the Company to the entry of a
decree or order for relief in an involuntary case under any such law; or

     (3) any other Event of Default, if any, provided with respect to Debt Securities of
such series specified as contemplated by Section 301.

     Section 502. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default with respect to Debt Securities of any series at the time Outstanding
occurs and is continuing, then and in every such case the Trustee or the Holders of not less than
25% in principal amount of Outstanding Debt Securities of such series may declare the principal
amount (or, if the Debt Securities of such series are Original Issue Discount Securities, such
portion of the principal amount as may be specified in the terms of such series) of and all accrued
but unpaid interest on all the Debt Securities of such series to be due and payable immediately, by
a notice in writing to the Company (and to the Trustee if given by such Holders), and upon any such
declaration such principal amount (or specified amount) shall become immediately due and payable.
Upon payment of such amount, all obligations of the Company in respect of the payment of principal
of the Debt Securities of such series shall terminate.

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

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

     (A) all overdue installments of interest on all Debt Securities of such series
and any related coupons,

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

     (C) to the extent that payment of such interest is lawful, interest upon
overdue installments of interest on each Debt Security and any related coupons at
the rate or rates prescribed therefor in such Debt Securities, and

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

     and

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

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

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

     The Company covenants that if:

     (1) default is made in the payment of any installment of interest on any Debt Security
or any related coupon when such interest becomes due and payable and such default continues
for a period of 30 days, or

     (2) default is made in the payment of the principal of (or premium, if any, on) any
Debt Security at the Maturity thereof;

     (3) default is made in the deposit of any sinking fund payment, when and as due by the
terms of a Debt Security of such series, or

     (4) default is made in any required designation of funds as Securities Funds, or

     (5) default is made in the performance, or breach, of any covenant or warranty of the
Company in this Indenture (other than a covenant or warranty a default in whose performance
or whose breach is elsewhere in this Section specifically dealt with or which has been
expressly included in this Indenture solely for the benefit of series Debt Securities other
than such series), and such default or breach continues for a period of 30 days after there
has been given, by registered or certified mail, to the Company by the Trustee or to the
Company and the Trustee by the Holders of at least 25% in principal amount of the
Outstanding Debt Securities to such series a written notice specifying such default or
breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder.

the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Debt Securities and coupons, the amount then due and payable on such Debt Securities and coupons
for principal (and premium, if any) and interest and, to the extent that payment of such
interest shall be legally enforceable, interest upon the overdue principal (and premium, if any)
and, upon overdue installments of interest, at the rate or rates prescribed therefor in such Debt
Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs
and expenses of collection, including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel.

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     If the Company fails to pay such amounts (including the delivery of any Capital Securities
then required to be delivered) forthwith upon such demand, the Trustee, in its own name and as
trustee of an express trust, may institute a judicial proceeding for the collection of the sums so
due and unpaid and the delivery of any Capital Securities required to be delivered and not so
delivered, or, in the case of the failure to deliver Capital Securities, money equal to the
principal amount of Debt Securities for which the Capital Securities were to be exchanged, and may
prosecute such proceeding to judgment or final decree, and may enforce the same against the Company
or any other obligor upon such Debt Securities and coupons and collect the moneys (or money equal
to the principal amount of any Debt Securities for which Capital Securities were to be exchanged)
adjudged or decreed to be payable in the manner provided by law out of the property of the Company
or any other obligor upon such Debt Securities and coupons, wherever situated.

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

     Section 504 Trustee May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceedings, or any
voluntary, or involuntary case under the Federal bankruptcy laws as now or hereafter constituted,
relative to the Company or any other obligor upon the Debt Securities of a particular series or any
related coupons or the property of the Company or of such other obligor or their creditors, the
Trustee (irrespective of whether the principal of such Debt Securities shall then be due and
payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee
shall have made any demand on the Company for the payment of overdue principal or interest) shall
be entitled and empowered, by intervention in such proceedings or otherwise.

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

     (2) to collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same;

and any receiver, assignee, trustee, custodian, liquidator, sequestrator or other similar official
in any such 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,

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disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 607.

     Nothing herein contained 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 Debt Securities or coupons or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

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

     All rights of action and claims under this Indenture or the Debt Securities or coupons may be
prosecuted and enforced by the Trustee without the possession of any of the Debt Securities or
coupons or the production thereof in any proceeding relating thereto, and any such proceeding
instituted by the Trustee shall be brought in its own name, as trustee of an express trust, and any
recovery 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 Debt Securities and coupons in respect of which such judgment has
been recovered.

     Section 506. Application of Money Collected.

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

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

     SECOND: To the payment of the amounts then due and unpaid for principal of (and
premium, if any) and interest on the Debt Securities and any coupons, 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 Debt Securities and
any coupons for principal (and premium, if any) and interest, respectively. The Holders of
each series of Debt Securities denominated in ECU, any other composite currency or a Foreign
Currency and any matured coupons relating thereto shall be entitled to receive a ratable
portion of the amount determined by the
Exchange Rate Agent by converting the principal amount Outstanding of such series of
Debt Securities and matured but unpaid interest on such series of Debt Securities in the
currency in which such series of Debt Securities is denominated into Dollars at the Exchange
Rate as of the date of declaration of acceleration of the Maturity of the Debt Securities:
and

     THIRD: The balance, if any, to the Person or Persons entitled thereto.

     Section 507. Limitation on Suits.

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

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

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

     (3) such Holder or Holders have offered to the Trustee reasonable indemnity
satisfactory to it against the costs, expenses and liabilities to be incurred in compliance
with such request;

     (4) the Trustee for 60 days after its receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding: and

     (5) no direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series:

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

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

     Notwithstanding any other provision in this Indenture, the Holder of any Debt Security or
coupon shall have the right which is absolute and unconditional to receive payment of the principal
of (and premium, if any) and (subject to Section 307) interest on such Debt Security or payment of
such coupon on the respective Stated Maturity or Maturities expressed in such Debt Security or
coupon (or, in the case of redemption or repayment, on the Redemption Date or the
Repayment Date, as the case may be) and to institute suit for the enforcement of any such
payment, and such right shall not be impaired without the consent of such Holder.

     Section 509. Restoration of Rights and Remedies.

     If the Trustee or any Holder has instituted any proceedings 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 ever-such case the Company,
the Trustee and the Holders shall, subject to any determination in such proceeding, be restored
severally and respectively to their former positions hereunder, and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

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     Section 510. Rights and Remedies Cumulative.

     Except as otherwise provided in Section 306, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy,
and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy.

     Section 511. Delay or Omission Not Waiver.

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

     Section 512. Control by Holders of Debt Securities.

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

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

     (2) subject to the provisions of Section 601, the Trustee shall have the right to
decline to follow any such direction if the Trustee in good faith shall, by a Responsible
Officer or Responsible Officers of the Trustee, determine that the proceedings so directed
would be unjustly prejudicial to the Holders of Debt Securities of such series not
joining in any such direction; and

     (3) the Trustee may take any other action deemed necessary by the Trustee which is not
inconsistent with such direction.

     Section 513. Waiver of Past Defaults.

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

     (1) in the payment of the principal of (or premium, if any) or interest on any Debt
Security of such series, or

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

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

     Section 514. Undertaking for Costs.

     All parties to this Indenture agree, and each Holder of any Debt Security or coupon by his
acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in
any suit for the enforcement of any right or remedy under this Indenture, or in any suit against
the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any litigant
in such suit of an undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any
party litigant in such suit, having a due regard to the merits and good faith of the claims or
defenses made by such party litigant, but the provisions of this Section shall not apply to any
suit instituted by the Company or the Trustee, to any suit instituted by any Holder, or group of
Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Debt
Securities of any series, or to any suit instituted by any Holder for the enforcement of the
payment of the principal of (or premium, if any) or interest on any Debt Security or the payment of
any coupons on or after the respective Stated Maturity or Maturities expressed in such Debt
Security or coupon (or, in the case of redemption or repayment, on or after the Redemption Date or
Repayment Date, as the case may be) or for the enforcement of the right to exchange any Debt
Securities for Capital Securities as provided in Article Fourteen.

     Section 515. Waiver of Stay or Extension Laws.

     The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay or extension law whenever 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 benefits or advantage of any such law, and covenants that it
will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will
suffer and permit the execution of every such power as though no such law had been enacted.

ARTICLE SIX

The Trustee

     Section 601. Certain Duties and Responsibilities.

     The duties and responsibilities of the Trustee shall be as provided in the Trust Indenture Ac.
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

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grounds for believing that repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured to it. Whether or not therein expressly so provided, every
provision of this Indenture relating to the conduct or affecting the liability of or affording
protection to the Trustee shall be subject to the provisions of this Section.

     Section 602. Notice of Default.

     If a default occurs hereunder with respect to Debt Securities of any series the Trustee shall
transmit by mail to all Holders of Debt Securities of such series notice of such default as and to
the extent provided by the Trust Indenture Act; provided, however, that except in the case of a
default the payment of principal of (or premium, if any) or interest on any Debt Security of such
series or related coupons or in the payment of any sinking fund installment with respect to Debt
Securities of such series, the Trustee shall be protected in withholding such notice if and so long
as the board of directors, the executive committee or a trust committee of directors and/or a
Responsible Officer of the Trustee in good faith determines that the withholding of such notice is
in the interest of the Holders of the Debt Securities of such series. For the purpose of this
Section, the term “default” means any event which is, or after notice or lapse of time or both
would become, an Event of Default with respect to Debt Securities of such series.

     Section 603. Certain Rights of Trustee.

     Except as otherwise provided in Section 601:

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

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

          (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the
Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith
on its part, rely upon an Officers’ Certificate;

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

          (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request or direction of any of the Holders of Debt Securities of such
series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to
the Trustee 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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          (f) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper or
document, but the Trustee, in its discretion, may make such further inquire or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to make such further
inquiry or investigation, it shall be entitled to examine the books, records and premises of the
Company, personally or by agent or attorney, other than any such books or records containing
information as to the affairs of the customers of the Company or any of its subsidiaries: provided
that the Trustee may examine such books and records relating to customers to the extent that such
books and records contain information as to any payments made to such customers in their capacity
as Holders of Debt Securities: and

          (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney, appointed with
due care by it hereunder: no Exchange Rate Agent, Global Exchange Agent, Depositary or Paying Agent
shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or
omission by any of them.

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

     The recitals contained herein and in the Debt Securities, except the Trustee’s certificates of
authentication, and in any coupons, and the information in any registration statement, including
all attachments thereto, except information provided by the Trustee therein, 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 Debt Securities of any series or any coupons. The Trustee shall not be
accountable for the use or application by the Company of any Debt Securities or the proceeds
thereof. The Trustee shall not be responsible for and makes no representations to the Company’s
ability or authority to issue Bearer Securities or the lawfulness thereof.

     Section 605. May Hold Debt Securities or Coupons.

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

     Section 606. Money Held in Trust.

     Money, held by the Trustee or any Paying Agent in trust hereunder need not be segregated from
other funds except to the extent required by law. Neither the Trustee nor any Paying Agent shall
be under any liability for interest on any money received by it hereunder except as otherwise
agreed with the Company.

     Section 607. Compensation and Reimbursement.

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     The Company agrees

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

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

     (3) to indemnify, the Trustee for, and to hold it harmless against, any and all claims,
loss, liability or expense incurred without negligence or bad faith on its part, arising out
of or in connection with the acceptance or administration of this trust or performance of
its duties hereunder, including the costs and expenses of defending itself against any claim
or liability in connection with the exercise or performance of any of its powers or duties
hereunder.

     As security for the performance of the obligations of the Company under this Section the
Trustee shall have a claim prior to the Debt Securities and any coupons 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) or interest on particular Debt Securities or any coupons.

     Section 608. Disqualification; Conflicting Interests.

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

     Section 609. Corporate Trustee Required: Eligibility.

     There shall at all times be a Trustee hereunder which shall be a corporation that is eligible
pursuant to the Trust Indenture Act to act as such and organized and doing business under the laws
of the United States, any State thereof or the District of Columbia authorized under such laves to
exercise corporate trust powers, having a combined capital and surplus of at least 55,000,000, and
subject to supervision or examination by Federal or State authority: provided, however, that if
Section 310(a) of the Trust Indenture Act or the rules and regulations of the Commission under the
Trust Indenture Act at any time permit a corporation organized and doing business under the laws of
any other jurisdiction to serve as trustee of an indenture qualified under the Trust Indenture Act,
this Section 609 shall be automatically amended to permit a corporation organized and doing
business under the laws of any such other jurisdiction to serve as Trustee hereunder. If such
corporation publishes reports of condition at least annually,

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pursuant to lave or to the
requirements of the aforesaid supervising or examining authority, then for the purposes of this
Section, the combined capital and surplus of such corporation 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 shall cease to be eligible in accordance with the provisions of this Section, it
shall resign promptly in the manner and with the effect hereinafter specified in this Article.

     Section 610. Resignation and Removal; Appointment of Successor.

          (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee under Section 611.

          (b) The Trustee may resign at any time with respect to the Debt Securities of one or more
series 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 at the expense of
the Company any court of competent jurisdiction for the appointment of a successor Trustee
with respect to the Debt Securities of such series.

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

          (d) If at any time:

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

     (2) the Trustee shall cease to be eligible under Section 609 with respect to any series
of Debt Securities and shall fail to resign after written request therefor by the Company or
by any such Holder, or

     (3) the Trustee shall become incapable of acting with respect to any series of Debt
Securities or a decree or order for relief by a court having jurisdiction in the premises
shall have been entered in respect of the Trustee in an involuntary case under the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or similar law; or a decree or order by a court having jurisdiction
in the premises shall have been entered for the appointment of a receiver, custodian,
liquidator, assignee, trustee, sequestrator or other similar official of the Trustee or of
its property or affairs, or any public officer shall take charge or control of the Trustee
or of its property or affairs for the purpose of rehabilitation, conservation, winding up or
liquidation, or

     (4) the Trustee shall commence a voluntary case under the Federal bankruptcy laws, as
now or hereafter constituted, or any other applicable Federal or State bankruptcy

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laws, as
now or hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or similar law or shall consent to the appointment of or taking possession by a
receiver, custodian, liquidator, assignee, trustee, sequestrator or other similar official
of the Trustee or its property or affairs, or shall make an assignment for the benefit of
creditors, or shall admit in writing its inability to pay its debts generally as they become
due, or shall take corporate action in furtherance of any such action, then, in any such
case: (i) the Company by a Board Resolution may remove the Trustee with respect to such
series or (ii) subject to Section 514, any Holder who has been a bona fide Holder of a Debt
Security of any series for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee for the Debt Securities of such series and the appointment of a successor Trustee.
In addition. the Company may remove the Trustee if the Company shall determine by a Board
Resolution that the services provided by the Trustee may be obtained at a substantially
lower cost to the Company.

          (e) If the Trustee shall resign, be removed or become incapable of acting with respect to any
series of Debt Securities, or if a vacancy shall occur in the office of Trustee for any cause, with
respect to the Debt Securities of one or more series, the Company, by a Board Resolution, shall
promptly appoint a successor Trustee or Trustees with respect to the Debt Securities of that or
those series (it being understood that any such successor Trustee may be appointed with respect to
the Debt Securities of one or more or all of such series and that at any time there shall be only
one Trustee with respect to the Debt Securities of any particular series) and shall comply with the
applicable requirements of Section 611. If; within one year after such resignation, removal or
incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Debt
Securities of any series shall be appointed by Act of the Holders of a majority in principal amount
of the Outstanding Debt Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such
appointment, become the successor Trustee with respect to the Debt Securities of such series and to
that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with
respect to the Debt Securities of any series shall have been so appointed by the Company or the
Holders and accepted appointment in the manner hereinafter provided, any Holder who has been a bona
fide Holder of a Debt Security of such series for at least six months may, subject to Section 514,
on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such
series.

          (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Debt Securities of any series and each appointment of a successor Trustee with
respect to the Debt Securities of any series by mailing written notice of such event by first-class
mail, postage prepaid to the Holders of Registered Securities, if any, of such series as their
names and addresses appear in the Security Register and, if Debt Securities of such series are
issuable as Bearer Securities, by publishing notice of such event once in an Authorized Newspaper
in each Place of Payment located outside the United States. Each notice shall include the name of
the successor Trustee with respect to the Debt Securities of such series and the address of its
Corporate Trust Office.

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     Section 611. Acceptance of Appointment by Successor.

          (a) In the case of an appointment hereunder of a successor Trustee with respect to all Debt
Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon 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.

          (b) In the case of the appointment hereunder of a successor Trustee with respect to the Debt
Securities of one or more (but not all.) series, the Company, the retiring
Trustee upon payment of its charges and each successor Trustee with respect to -the Debt
Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein
each successor Trustee shall accept such appointment and which (1) shall contain such provisions as
shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee
all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt
Securities of that or those series to which the appointment of such successor Trustee relates, (2)
if the retiring Trustee is not retiring with respect to all Debt Securities, shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts
and duties of the retiring Trustee with respect to the Debt Securities of that or those series as
to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee,
and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it
being understood that nothing herein or in such supplemental indenture shall constitute such
Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or
trusts hereunder separate and apart from any trust or trusts hereunder administered by any other
such Trustee; and upon the execution and delivery of such supplemental indenture, the resignation
or removal of the retiring Trustee shall become effective to the extent provided therein and each
such successor Trustee, without any further act, deed or conveyance, shall become vested with all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities
of that or those series to which the appointment of such successor Trustee relates; but, on the
request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer
and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder with respect to the Debt Securities of that or those series to which the appointment of
such successor Trustee relates.

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

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

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

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

          Section 613. Preferential Collection of Claims Against Company.

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

          Section 614. Authenticating Agent.

          The Trustee shall upon Company request appoint one or more authenticating agents (including,
without limitation, the Company or any Affiliate thereof) with respect to one or more series of
Debt Securities which shall be authorized on behalf of the Trustee in authenticating Debt
Securities of such series in connection with the issue, delivery, registration of transfer,
exchange, partial redemption or repayment of such Debt Securities. Wherever reference is made in
this Indenture to the authentication of Debt Securities by the Trustee or the Trustee’s certificate
of authentication, such reference shall be deemed to include authentication on behalf of the
Trustee by an authenticating agent and a certificate of authentication executed on behalf of the
Trustee by an authenticating agent. Each authenticating agent must be acceptable to the Company
and must be a corporation organized and doing business under the laws of the United States or of
any State, having a combined capital and surplus of at least $1,000,000, authorized under such laws
to do a trust business and subject to supervision or examination by Federal or State authorities or
the equivalent foreign authority, in the case of an authenticating agent who is not organized and
doing business under the laws of the United States or of any State thereof or the District of
Columbia.

          The Trustee hereby initially appoints [authenticating agent], as its authenticating agent.

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          Any corporation succeeding to the corporate agency business of an authenticating agent shall
continue to be an authenticating agent without the execution or filing of any paper or any further
act on the part of the Trustee or such authenticating agent.

          An authenticating agent may at any time resign with respect to one or more series of Debt
Securities by giving written notice of resignation to the Trustee and to the Company. The Trustee
may at any time terminate the agency of any authenticating agent with respect to one or more series
of Debt Securities by giving written notice of termination to such authenticating agent and to the
Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time an authenticating agent shall cease to be eligible in accordance with the provisions of this
Section, the Trustee promptly may appoint a successor authenticating
agent. Any successor authenticating agent upon acceptance of its appointment hereunder shall
become vested with all rights, powers and duties of its predecessor hereunder, with like effect as
if originally named as an authenticating agent herein. No successor authenticating agent shall be
appointed unless eligible under the provisions of this Section.

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

          The provisions of Sections 104, 111, 306, 309, 603, 604 and 605 shall be applicable to any
authenticating agent.

          Pursuant to each appointment made under this Section, the Debt Securities of each series
covered by such appointment may have endorsed thereon, in lieu of the Trustee’s certificate of
authentication, an alternate certificate of authentication in substantially the following form:

          This is one of the Debt Securities, of the series designated herein, described in the
within-mentioned Indenture.

	 	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	As Authenticating Agent for the Trustee
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Officer

ARTICLE SEVEN

Holders’ Lists and Reports By Trustee and Company

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

          The Company will furnish or cause to be furnished to the Trustee with respect to Debt
Securities of each series for which it acts as Trustee:

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     (1) semi-annually, not more than 15 days after the Regular Record Date in respect of
the Debt Securities of such series or on May 15 and November 15 of each year with respect to
each series of Debt Securities for which there are no Regular Record Dates, a list, in such
form as the Trustee may reasonably require, of the names and addresses of the Holders of
Registered Securities as of such Regular Record Date or May 1 or November 1, as the case may
be, and

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

provided, however, that if and so long as the Trustee shall be the Security Registrar, no such list
need be furnished.

          Section 702. 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 of Registered Securities contained in the most recent list furnished to
the Trustee as provided in Section 701 and the names and addresses of Holders of Registered
Securities received by the Trustee in its capacity as Paying Agent or Security Registrar, if so
acting. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt
of a new list so furnished. The Trustee shall preserve for at least two years the names and
addresses of Holders of Bearer Securities filed with the Trustee by such Holders.

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

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

          Section 703. Reports by Trustee.

          (a) Within 60 days after May 15 of each year commencing with the first May 15 after the first
issuance of Debt Securities pursuant to this Indenture and at any other time required by the Trust
Indenture Act, the Trustee shall transmit to Holders such reports concerning the Trustee and its
actions under this Indenture and such other matters as may be required pursuant to the Trust
Indenture Act in the manner required by 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 any Debt Securities of such series are listed, with
the Commission and also with the Company. The Company will notify the Trustee when any series of
Debt Securities are listed on any stock exchange.

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          Section 704. Reports by Company.

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

ARTICLE EIGHT

Consolidation, Merger, Conveyance, Transfer or Lease

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

          The Company shall not consolidate with or merge into any other corporation or convey, transfer
or lease its properties and assets substantially as an entirety to any Person, unless:

     (1) the corporation formed by such consolidation or into which the Company is merged or
the Person which acquires by conveyance or transfer, or which leases, the properties and
assets of the Company substantially as an entirety shall be a corporation organized and
existing under the laws of the United States of America, any political subdivision thereof
or any State thereof and shall expressly assume, by an indenture supplemental hereto,
executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and
punctual payment of the principal of (and premium, if any) and interest (including all
additional amounts, if any, payable pursuant to Section 1006) on all the Debt Securities and
any related coupons and the performance of every covenant of this Indenture on the part of
the Company to be performed or observed;

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

     (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel each stating that such consolidation, merger, conveyance, transfer or lease and such
supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been met.

          Section 802. Successor Corporation Substituted.

          Upon any consolidation with or merger into any other corporation, or any conveyance, transfer
or lease of the properties and assets of the Company substantially as an entirety in accordance
with Section 801, the successor corporation formed by such consolidation or into which the Company
is merged or to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture with
the same effect as if such successor had been named as the Company herein, and thereafter, except
in the case of a lease, the Company (which term for this purpose

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shall mean the Person named as the
“Company” in the first paragraph of this instrument or any successor corporation which shall
theretofore have become such in the manner presented in this Article) shall be relieved of all
obligations and covenants under this Indenture and the Debt Securities and coupons.

ARTICLE NINE

Supplemental Indentures

          Section 901. 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 evidence the succession of another corporation to the Company, and the
assumption by such successor of the covenants of the Company herein and in the Debt
Securities contained; or

     (2) to add to the covenants of the Company, for the benefit of the Holders of all or
any series of Debt Securities or coupons (and if such covenants are to be for the benefit of
less than all series of Debt Securities or coupons, stating that such covenants are
expressly being included solely for the benefit of such series), to convey, transfer,
assign, mortgage or pledge any property to or with the Trustee, or to surrender any right or
power herein conferred upon the Company; or

     (3) to add any additional Events of Default (and if such Events of Default are to be
applicable to less than all series of Debt Securities, stating that such Events of Default
are expressly being included solely to be applicable to such series); or

     (4) to add to, change or eliminate any of the provisions of this Indenture to provide
that Bearer Securities may be registrable as to principal, to change or eliminate any
restrictions on the payment of principal (or premium, if any) on Registered Securities or of
principal (or premium, if any) or any interest on Bearer Securities, to permit Bearer
Securities to be issued in exchange for Registered Securities of other authorized
denominations or to permit or facilitate the issuance of Debt Securities in uncertificated
form, provided any such action shall not adversely affect the interests of the Holders of
Debt Securities of any series or any related coupons in any material respect; or

     (5) to change or eliminate any of the provisions of this Indenture, provided that any
such change or elimination (a) shall become effective only when there is no Debt Security
Outstanding of any series created prior to the execution of such supplemental indenture
which is entitled to the benefit of such provisions or (b) shall not apply to any Debt
Security Outstanding; or

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

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     (7) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Debt Securities of one or more series and to add to or change
any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, pursuant to the
requirements of Section 611(b); or

     (8) to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other provisions
with respect to matters or questions arising under this Indenture which shall not be
inconsistent with any provision of this Indenture, provided such other provisions shall not
adversely affect the interests of the Holders of Debt Securities of any series or any
related coupons in any material respect; or

     (9) to add to or change or eliminate any provision of this Indenture as shall be
necessary or desirable in accordance with any amendments to the Trust Indenture Act,
provided such action shall not adversely affect the interest of Holders of Debt Securities
of any series or any appurtenant coupons in any material respect.

          Section 902. Supplemental Indentures with Consent of Holders.

          With the consent of the Holders of not less than a majority in principal amount of the
Outstanding Debt Securities of all series affected by such supplemental indenture, acting together
as a class, 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 of such Debt Securities of such series and any related
coupons; provided, however, that no such supplemental indenture shall, without the consent of the
Holder of each Outstanding Debt Security or coupon affected thereby,

     (1) change the Stated Maturity of the principal or any installment of principal of, or
any installment of interest on, any Debt Security, or reduce the principal amount thereof or
the interest thereon or any premium payable upon redemption or repayment thereof, or change
any obligation of the Company to pay additional amounts pursuant to Section 1006 (except as
contemplated by Section 801(1) and permitted by Section 901(1)), or reduce the amount of the
principal of an Original Issue Discount Security that would be due and payable upon a
declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any
Place of Payment, or the coin or currency in which any Debt Security or the interest thereon
or any coupon is payable, or impair any right to the delivery of Capital Securities in
exchange for Debt Securities provided for in this Indenture or the right to institute suit
for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the
case of redemption or repayment, on or after the Redemption Date or Repayment Date or
Capital Exchange Date, as the case may be), or

     (2) reduce the percentage in principal amount of the Outstanding Debt Securities of any
series, the consent of whose Holders is required for any such

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supplemental indenture, or the
consent of whose Holders is required for any waiver (of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences) provided for in this
Indenture, or reduce the requirements of Section 1604 for quorum or voting, or

     (3) modify any of the provisions of this Section, Section 513 or Section 1005, except
to increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Debt Security affected thereby; provided, however, that this clause shall not be deemed to
require the consent of any Holder with respect to changes in the references to “the Trustee”
and concomitant changes in this Section and Section 1005, or the deletion of this proviso,
in accordance with the requirements of Section 611 (b) and 901(7), or

     (4) adversely affect the right to repayment, if any, of Debt Securities of any series
at the option of the Holders thereof, or

     (5) impair the right of any Holder of Debt Securities of any series to receive Capital
Securities on any Capital Exchange Date for Debt Securities of such series with a Market
Value equal to the principal amount of such Holder’s Debt Securities of such series or in an
amount sufficient to provide proceeds upon sale by the Company in the Secondary Offering
equal to the principal amount of such Holders Debt Securities of such series, or

     (6) impair the right of any Holder of Convertible Securities of any series to convert
such Debt Securities pursuant to Article Nineteen;

and provided, further, that no change shall be made in the provisions of Article Eighteen that will
affect adversely the holders of Senior Debt without the consent of the holders of all Senior Debt
Outstanding.

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

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

          Section 903. Execution of Supplemental Indentures.

          In executing, or accepting the additional trusts created by, any supplemental Indenture
permitted by this Article or the modifications thereby of the trusts created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in
relying upon, an Opinion of Counsel and an Officers’ Certificate each stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture, The

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Trustee may, but
shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise.

          Section 904. Effect of Supplemental Indentures.

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

          Section 905. Conformity with Trust Indenture Act.

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

          Section 906. Reference in Debt Securities to Supplemental Indentures.

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

ARTICLE TEN

Covenants

          Section 1001. Payment of Principal, Premium and Interest.

          The Company covenants and agrees for the benefit of each series of Debt Securities and any
appurtenant coupons that it will duly and punctually pay the principal of (and premium, if any) and
interest on the Debt Securities and any appurtenant coupons in accordance with the terms of the
Debt Securities, any appurtenant coupons and this Indenture. Any interest due on Bearer Securities
on or before Maturity, other than additional amounts, if any, payable as provided in Section 1006
in respect of principal of (or premium, if any, on) such a Debt Security, shall be payable only
upon presentation and surrender of the several coupons for such interest installments as are
evidenced thereby as they severally mature, For all purposes of this Indenture, the exchange of
Capital Securities for Debt Securities of an), series pursuant to the Indenture shall constitute
full payment of principal of the Debt Securities of such series being exchanged on any Capital
Exchange Date for Debt Securities of such series, without prejudice to any Holder’s rights pursuant
to Section 1413.

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          Section 1002. Maintenance of Office or Agency.

          The Company will maintain in each Place of Payment for any series of Debt Securities an office
or agency where Debt Securities (but, except as otherwise provided below, unless such Place of
Payment is located outside the United States, not Bearer Securities) may be presented or
surrendered for payment, where Debt Securities may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the Debt Securities and
this Indenture may be served, If Debt Securities of a series are issuable as Bearer Securities, the
Company will maintain, subject to any laws or regulations applicable thereto, an office or agency
in a Place of Payment for such series which is located outside the United States where Debt
Securities of such series and the related coupons may be presented and surrendered for payment
(including payment of any additional amounts payable on Debt
Securities of such series pursuant to Section 1006); provided, however, that if the Debt
Securities of such series are listed on The Stock Exchange of the United Kingdom and the Republic
of Ireland or the Luxembourg Stock Exchange or any other stock exchange located outside the United
States and such stock exchange shall so require, the Company will maintain a Paying Agent in London
or Luxembourg or any other required city located outside the United States, as the case may be, so
long as the Debt Securities of such series are listed on such exchange, The Company will give
prompt written notice to the Trustee of the location, and any change in the location, of any such
office or agency, If at any time the Company shall fail to maintain any such required office or
agency or shall fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices or demands may be made or served at the Corporate Trust Office of the Trustee,
and the Company hereby appoints the Trustee its agent to receive all presentations, surrenders,
notices and demands, except that Bearer Securities of that series and the related coupons may be
presented and surrendered for payment (including payment of any additional amounts payable on
Bearer Securities of that series pursuant to Section 1006) at the place specified for the purpose
pursuant to Section 301(5).

          No payment of principal of, premium or interest on Bearer Securities shall be made at any
office or agency of the Company in the United States or by check mailed to any address in the
United States or by transfer to an account maintained with a bank located in the United States;
provided however, payment of principal of and any premium and interest denominated in Dollars
(including additional amounts payable in respect thereof) on any Bearer Security may be made at an
office or agency of, and designated by, the Company located in the United States if (but only if)
payment of the full amount of such principal, premium, interest or additional amounts in Dollars at
all offices outside the United States maintained for the purpose by the Company in accordance with
this Indenture is illegal or effectively precluded by exchange controls or other similar
restrictions and the Trustee receives an Opinion of Counsel that such payment within the United
States is legal. Unless otherwise provided as contemplated by Section 301 with respect to any
series of Debt Securities, at the option of the Holder of any Bearer Security or related coupon,
payment may be made by check in the currency designated for such payment pursuant to the terms of
such Bearer Security presented or mailed to an address outside the United States or by transfer to
an account in such currency maintained by the payee with a bank located outside the United States.

          The Company may also from time to time designate one or more other offices or agencies (in or
outside of such Place of Payment) where the Debt Securities of one or more

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series and any
appurtenant coupons (subject to the preceding paragraph) may be presented or surrendered for any or
all such purposes, and may from time to time rescind such designations; provided, however, that no
such designation or rescission shall in any manner relieve the Company of its obligation to
maintain an office or agency in each Place of Payment for any series of Debt Securities for such
purposes. The Company will give prompt written notice to the Trustee of any such designation and
any change in the location of any such other office or agency.

          Section 1003. Money for Debt Securities Payments to Be Held in Trust.

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

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

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

     (1) hold all sums held by it for the payment of the, principal of (and premium, if any)
or interest on Debt Securities of such series and any appurtenant coupons in trust for the
benefit of the Persons entitled thereto until such sums shall be paid to such Persons or
otherwise disposed of as herein provided;

     (2) give the Trustee notice of any default by the Company (or any other obligor upon
the Debt Securities of such series or any appurtenant coupons) in the making of any payment
of principal of (and premium, if any) or interest on the Debt Securities of such series or
any appurtenant coupons; and

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

          The Company may at any time, for the purpose of terminating its obligations under this
Indenture with respect to Debt Securities of any series 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

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Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which
such sums were held by the Company or such Paying Agent: and, upon such payment by any Paying Agent
to the Trustee, such Paying Agent shall be released from all further liability with respect to such
money.

          Except as otherwise provided in the Debt Securities of any series, any principal and interest
received on the Eligible Instruments deposited with the Trustee or any money deposited with the
Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal
of (and premium, if any) or interest on any Debt Security of any series or any appurtenant coupons
or any money on deposit with the Trustee or any Paying Agent representing amounts deducted from the
Redemption Price or Repayment Price with respect to unmatured coupons not presented upon redemption
or exercise of the Holder’s option for repayment pursuant to Section 1106 or 1303 and remaining
unclaimed for two years after such principal (and premium, if any) or interest has become due and
payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Debt Security or any coupon appertaining thereto
shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof,
and all liability of the Trustee or such Paying Agent with respect to such trust money (including
the principal and interest received on Eligible Instruments deposited with the Trustee), and all
liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the
Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in an Authorized Newspaper of general circulation in the
Borough of Manhattan, The City of New York, and each Place of Payment or mailed to each such
Holder, or both, notice that such money remains unclaimed and that, after a date specified therein,
which shall not be less than 30 days from the date of such publication or mailing, any unclaimed
balance of such money then remaining will be repaid to the Company.

          Section 1004. Officers’ Certificate as to Default.

          The Company will deliver to the Trustee, on or before a date not more than four months after
the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate,
stating whether or not to the best knowledge of the signers thereof the Company is in default in
the performance and observance of any of the terms, provisions and conditions of this Indenture,
and, if the Company shall be in default, specifying all such defaults and the nature thereof of
which they may have knowledge.

          Section 1005. Waiver of Certain Covenants.

          The Company may omit in any particular instance to comply with any covenant or condition
applicable to the, Debt Securities of any series pursuant to Section 301 unless such covenant or
condition is determined pursuant to Section 301 not to be subject to this provision if, before the
time for such compliance the Holders of at least a majority in principal amount of all series of
the Debt Securities at the time Outstanding to which such covenant or condition applies shall,
acting together as a class, 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 so expressly waived,

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and, until such
waiver shall become effective, the obligations of the Company and the duties of the Trustee in
respect of any such covenant or condition shall remain in full force and effect.

          Section 1006. Payment of Additional Amounts.

          If the Debt Securities of a series provide for the payment of additional amounts, the Company
will pay to the Holder of any Debt Security of any series or any coupon appertaining thereto
additional amounts upon the terms and subject to the conditions provided therein, Whenever in this
Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any)
or interest on, or in respect of, any Debt Security of any series or any related coupon or the net
proceeds received on the sale or exchange of any Debt Security of any series, such mention shall be
deemed to include mention of the payment of additional amounts provided for in the terms of such
Debt Securities and this Section to the extent that, in such context, additional amounts are, were
or would be payable in respect thereof pursuant to the provisions of this Section and express
mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be
construed as excluding additional amounts in those provisions hereof where such express mention is
not made.

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

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ARTICLE ELEVEN

Redemption of Debt Securities

          Section 1101. Applicability of Article.

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

          Section 1102. Election to Redeem; Notice to Trustee.

          The election of the Company to redeem any Debt Securities shall be evidenced by a Board
Resolution. In case of any redemption at the election of the Company of less than all of the Debt
Securities of any series, the Company shall, at least 45 days prior to the Redemption Date fixed by
the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of
such Redemption Date and of the principal amount and the tenor and terms of the Debt Securities of
any series to be redeemed. In the case of any redemption of Debt Securities prior to the expiration
of any restriction on such redemption provided in the terms of such Debt Securities or elsewhere in
this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing
compliance with such restriction.

          Section 1103. Selection by Trustee of Debt Securities to be Redeemed.

          Except as otherwise specified as contemplated by Section 301 for Debt Securities of any
series, if less than all the Debt Securities of any series with like tenor and terms are to be
redeemed, the particular Debt Securities to be redeemed shall be selected not more than 60 days
prior to the Redemption Date by the Trustee, from the Outstanding Debt Securities of such series
with like tenor and terms not previously called for redemption, by such method as the Trustee shall
deem fair and appropriate and which may provide for the selection for redemption of portions (equal
to the minimum authorized denomination for Debt Securities of such series or any integral multiple
thereof which is also an authorized denomination) of the principal amount of Registered Securities
or Bearer Securities (if issued in more than one authorized denomination) of such series of a
denomination larger than the minimum authorized denomination for Debt Securities of such series.

          The Trustee shall promptly notify the Company in writing of the Debt Securities selected for
redemption and, in the case of any Debt 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 Debt Securities shall relate, in the case of any Debt Security
redeemed or to be redeemed only in part, to the portion of the principal amount of such Debt
Security which has been or is to be redeemed.

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          Section 1104. Notice of Redemption.

          Notice of redemption shall be given in the manner provided in Section 106 not less than 30 nor
more than 60 days prior to the Redemption Date, to each Holder of Debt Securities to be redeemed.

          All notices of redemption shall state:

     (1) the Redemption Date,

     (2) the Redemption Price,

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

     (4) that on the Redemption Date the Redemption Price will become due and payable upon
each such Debt Security to be redeemed, and that interest thereon shall cease to accrue on
and after said date,

     (5) the Place or Places of Payment where such Debt Securities, together in the case of
Bearer Securities with all coupons, if any, appertaining thereto maturing after the
Redemption Date, are to be surrendered for payment of the Redemption Price,

     (6) that Bearer Securities may be surrendered for payment only at such place or places
which are outside the United States, except as otherwise provided in Section 1002,

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

     (8) the CUSIP number, if any.

          A notice of redemption published as contemplated by Section 106 need not identify particular
Registered Securities to be redeemed.

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

          Section 1105. Deposit of Redemption Price.

          On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a
Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 1003) an amount of money and/or, to the extent the Debt Securities to be
redeemed are denominated and payable in Dollars only, Eligible Instruments the payments of
principal and interest on which when due (and without reinvestment and providing no tax liability
will be imposed upon the Trustee or the Holders of the Debt Securities to be redeemed) will provide
money on or prior to the Redemption Date in such amounts as will

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(together with any money
irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the
Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued
interest on, all the Debt Securities or portions thereof which are to be redeemed on that date;
provided, however, that deposits with respect to Bearer Securities shall be made with a Paying
Agent or Paying Agents located outside the United States except as otherwise provided in Section
1002, unless otherwise specified as contemplated by Section 301.

          Section 1106. Debt Securities Payable on Redemption Date.

          Notice of redemption having been given as aforesaid, the Debt 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 shall default in the payment of the Redemption Price and
accrued interest) such Debt Securities shall cease to bear interest and the coupons for such
interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided
below, shall be void. Upon surrender of any such Debt Security for redemption in accordance with
said notice, such Debt Security shall be paid by the Company at the Redemption Price, together with
accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer
Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only upon
presentation and surrender of coupons for such interest (at an office or agency located outside the
United States except as otherwise provided in Section 1002), and provided further, that
installments of interest on Registered Securities whose Stated Maturity is on or prior to the
Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor
Securities, registered as such on the relevant Record Dates according to their terms and the
provisions of Section 307.

          If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant
coupons maturing after the Redemption Date, such Bearer Security may be paid after deducting from
the Redemption Price an amount equal to the face amount of all such missing coupons, or the
surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there
be furnished to them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to the
Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been
made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted
without interest thereon; provided, however, that interest represented by coupons shall be payable
only upon presentation and surrender of those coupons at an office or agency located outside of the
United States except as otherwise provided in Section 1002.

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

          Section 1107. Debt Securities Redeemed in Part.

          Any Registered Security which is to be redeemed only in part shall be surrendered at a Place
of Payment therefor (with, if the Company, the Security Registrar or the Trustee so requires, due
endorsement by, or a written instrument of transfer in form satisfactory to the

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Company, the
Security Registrar 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 Debt Security without service charge, a new Registered Security or
Registered Securities of the same series and of like tenor and terms, of
any authorized denominations as requested by such Holder in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Debt Security so surrendered.

ARTICLE TWELVE

Sinking Funds

          Section 1201. Applicability of Article.

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

          The minimum amount of any sinking fund payment provided for by the terms of Debt Securities of
any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess
of such minimum amount provided for by the term of Debt Securities of any series is herein referred
to an “optional sinking fund payment’’. If provided for by the terms of Debt Securities of any
series, the amount of any sinking fund payment may be subject to reduction as provided in Section
1202. Each sinking fund payment shall be applied to the redemption of Debt Securities of any series
as provided for by the terms of Debt Securities of such series.

          Section 1202. Satisfaction of Sinking Fund Payments with Debt Securities.

          The Company (1) may deliver Outstanding Debt Securities of a series (other than any previously
called for redemption), together in the case of any Bearer Securities of such series with all
unmatured coupons appertaining thereto, and (2) may apply as a credit Debt Securities of a series
which have been redeemed either at the election of the Company pursuant to the terms of such Debt
Securities or through the application of permitted optional sinking fund payments pursuant to the
terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund
payment with respect to the Debt Securities of such series required to be made pursuant to the
terms of such Debt Securities as provided for by the terms of such series; provided that such Debt
Securities have not been previously so credited. Such Debt Securities shall be received and
credited for such purpose by the Trustee at the Redemption Price specified in such Debt Securities
for redemption through operation of the sinking fund and the amount of such sinking fund payment
shall be reduced accordingly. If as a result of the delivery or credit of Debt Securities in lieu
of cash payments pursuant to this Section 1202, the principal amount of Debt Securities to be
redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee
need not call Debt Securities for redemption except upon Company Request, and such cash payment
shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund
payment, provided however, that the Trustee or such Paying

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

          Section 1203. Redemption of Debt Securities for Sinking Fund.

          Not less than 60 days prior to each sinking fund payment date for any series of Debt
Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver
to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund
payment for that series pursuant to the terms of that series, the portion thereof, if any, which is
to be satisfied by payment of cash, the portion thereof, if any, which is to be satisfied by
crediting Debt Securities of that series pursuant to Section 1202 and the basis for any such credit
and, prior to or concurrently with the delivery of such Officers’ Certificate, will also deliver to
the Trustee any Debt Securities to be so credited and not theretofore delivered to the Trustee, Not
less than 30 days (unless a shorter period shall be satisfactory to the Trustee) before each such
sinking fund payment date the Trustee shall select the Debt Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 1103 and cause notice of the
redemption thereof to be given in the name of and at the expense of the Company in the manner
provided in Section 1104. Such notice having been duly given, the redemption of such Debt
Securities shall be made upon the terms and in the manner stated in Sections 1105, 1106 and 1107.

ARTICLE THIRTEEN

Repayment at the Option of Holders

          Section 1301. Applicability of Article.

          Debt Securities of any series which are repayable at the option of the Holders thereof before
their Stated Maturity shall be repaid in accordance with their terms and (except as otherwise
specified pursuant to Section 301 for Debt Securities of such series) in accordance with this
Article.

          Section 1302. Repayment of Debt Securities.

          Each Debt Security which is subject to repayment in whole or in part at the option of the
Holder thereof on a Repayment Date shall be repaid at the applicable Repayment Price together with
interest accrued to such Repayment Date as specified pursuant to Section 301.

          Section 1303. Exercise of Option; Notice.

          Each Holder desiring to exercise such Holder’s option for repayment shall, as conditions to
such repayment, surrender the Debt Security to be repaid in whole or in part together with written
notice of the exercise of such option at any office or agency of the
Company in a Place of Payment, not less than 30 nor more than 45 days prior to the Repayment
Date: provided, however, that surrender of Bearer Securities together with written notice of
exercise of such option shall be made at an office or agency located outside the United States

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except as otherwise provided in Section 1002. Such notice, which shall be irrevocable, shall
specify the principal amount of such Debt Security to be repaid, which shall be equal to the
minimum authorized denomination for such Debt Security or an integral multiple thereof and shall
identify the Debt Security to be repaid and, in the case of a partial repayment of the Debt
Security, shall specify the denomination or denominations of the Debt Security or Debt Securities
of the same series to be issued to the Holder for the portion of the principal of the Debt Security
surrendered which is not, to be repaid.

          If any Bearer Security surrendered for repayment shall not be accompanied by all unmatured
coupons and all matured coupons in default, such Bearer Security may be paid after deducting from
the Repayment Price an amount equal to the face amount of all such missing coupons, or the
surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there
be furnished to them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to the
Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been
made from the Repayment Price, such Holder shall be entitled to receive the amount so deducted
without interest thereon; provided, however, that interest represented by coupons shall be payable
only at an office or agency located outside the United States except as otherwise provided in
Section 1002.

          The Company shall execute and the Trustee shall authenticate and deliver without service
charge to the Holder of any Registered Security so surrendered a new Registered Security or
Securities of the same series, of any authorized denomination specified in the foregoing notice, in
an aggregate principal amount equal to any portion of the principal of the Registered Security so
surrendered which is not to be repaid.

          The Company shall execute and the Trustee shall authenticate and deliver without service
charge to the Holder of any Bearer Security so surrendered a new Registered Security or Securities
or new Bearer Security or Securities (and all appurtenant unmatured coupons and matured coupons in
default) or any combination thereof of the same series of any authorized denomination or
denominations specified in the foregoing notice, in an aggregate principal amount equal to any
portion of the principal of the Debt Security so surrendered which is not to be paid; provided,
however, that the issuance of a Registered Security therefor shall be subject to applicable laws
and regulations, including provisions of the United States Federal income tax laws and regulations
in effect at the time of the exchange; neither the Company, the Trustee nor the Security Registrar
shall issue Registered Securities for Bearer Securities if it has received an Opinion of Counsel
that as a result of such issuance the Company would suffer adverse consequences under the United
States Federal income tax laws then in effect and the Company has delivered to the Trustee a
Company Order directing the Trustee not to make such issuances thereafter unless and until the
Trustee receives a subsequent Company Order to the contrary. The Company shall deliver copies of
such Company Order to the Security Registrar.

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

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          Section 1304. Election of Repayment by Remarketing Entities.

          The Company may elect, with respect to Debt Securities of any series which are repayable at
the option of the Holders thereof before their Stated Maturity, at any time prior to any Repayment
Date to designate one or more Remarketing Entities to purchase, at a price equal to the Repayment
Price, Debt Securities of such series from the Holders thereof who give notice and surrender their
Debt Securities in accordance with Section 1303.

          Section 1305. Securities Payable on the Repayment Date.

          Notice of exercise of the option of repayment having been given and the Debt Securities so to
be repaid having been surrendered as aforesaid, such Debt Securities shall, unless purchased in
accordance with Section 1304, on the Repayment Date become due and payable at the price therein
specified and from and after the Repayment Date such Debt Securities shall cease to bear interest
and shall be paid on the Repayment Date, and the coupons for such interest appertaining to Bearer
Securities so to be repaid, except to the extent provided above, shall be void, unless the Company
shall default in the payment of such price in which case the Company shall continue to be obligated
for the principal amount of such Debt Securities and shall be obligated to pay interest on such
principal amount at the rate borne by such Debt Securities from time to time until payment in full
of such principal amount.

ARTICLE FOURTEEN

Exchange of Capital Securities for Debt Securities

          Section 1401. Applicability of Article.

          If an Officers’ Certificate or supplemental indenture pursuant to Section 301 provides for the
exchange of Capital Securities for Debt Securities of any series at the election of the Company or
otherwise, Debt Securities of such series shall be exchanged for Capital Securities in accordance
with their terms and (except as otherwise specified in such Officers’ Certificate or supplemental
indenture) in accordance with this Article.

          Section 1402. Exchange of Capital Securities for Debt Securities at Stated
Maturity.

          At the Stated Maturity of Debt Securities of any series which may be exchanged, subject to
prepayment prior to such Stated Maturity on the Capital Exchange Date selected by
the Company for Debt Securities of such series, as described below, early exchange pursuant to
Section 1403 or payment in cash pursuant to Section 502, 1416 or 1417, the Company shall exchange
Capital Securities with a Market Value equal to the principal amount of the Outstanding Debt
Securities of such series for the Debt Securities of such series in whole.

          The Company shall give notice in the manner provided in Section 106 to Holders of the Debt
Securities of any series to be exchanged, the Trustee and the Capital Exchange Agent as to the type
of Capital Securities to be exchanged for the Debt Securities of such series on the Capital
Exchange Date for Debt Securities of such series, Such notice shall include a form of Capital
Security Election Form substantially as set forth in Section 1409, shall make the

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statements and
contain the information included in Section 1404(a), and shall be given no less than 90 days prior
to the Stated Maturity of such Debt Securities, Notice of such Capital Exchange Date, together with
the amount of Capital Securities being exchanged for each $1.000 principal amount of Debt
Securities of such series, or the minimum denomination of the Debt Securities of such series, if
larger, shall also be given by the Company in the manner required by Section 1404(b) not less than
three Business Days prior to such Capital Exchange Date.

          The Capital Exchange Date for any prepayment of Debt Securities of each series may be selected
by the Company to be any date between a date 60 days prior to the Stated Maturity of such Debt
Securities and such Stated Maturity, inclusive, and to be the date of the closing of the Secondary
Offering for Debt Securities of such series, In the event the Company fails to effect such
Secondary Offering, the Capital Exchange Date will be the Stated Maturity of the Debt Securities of
such series: Notice of each such Capital Exchange Date, together with the amount of Capital
Securities being exchanged for each $1,000 principal amount of Debt Securities of such series, or
the minimum denomination of the Debt Securities of such series, if larger, shall also be given by
the Company in the manner required by Section 1404(b) not less than three Business Days prior to
such Capital Exchange Date.

          The Company will effect each Secondary Offering such that the closing of the Secondary
Offering will occur on the Capital Exchange Date.

          Section 1403. Right of Early Exchange of Capital Securities for Debt
Securities.

          The Debt Securities of any series to be exchanged may be exchanged at the election of the
Company, as a whole or from time to time in part, prior to the Stated Maturity thereof for Capital
Securities with a Market Value equal to the principal amount of such Debt Securities on any early
Capital Exchange Date, together with accrued interest to such Capital Exchange Date.

          The Company shall give notice in the manner provided in Section 106 to Holders of the Debt
Securities of any series to be exchanged, the Trustee and the Capital Exchange Agent not less than
90 days nor more than 120 days prior to any early Capital Exchange Date for Debt Securities of such
series, which notice shall include a form of Capital Security Election Form substantially as set
forth in Section 1409 and make the statements and contain the information
included in Section 1404(a), Notice of each such early Capital Exchange Date, together with
the amount of Capital Securities being exchanged for each $1.000 principal amount of Debt
Securities of such series, or the minimum denomination of such series, if larger, shall also be
given by the Company in the manner required by Section 1404(b) not less than three Business Days
prior to such early Capital Exchange Date.

          The Company may at its option accelerate any such Capital Exchange Date within the 60-day
period prior to such Capital Exchange Date by giving notice of such accelerated Capital Exchange
Date, together with the amount of Capital Securities being exchanged for each $1.000 principal
amount of Debt Securities of such series, or the minimum denomination of such series, if larger, in
the manner required by Section 1404(b) not less than three Business Days prior to such accelerated
Capital Exchange Date.

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          The Company will effect each Secondary Offering such that the closing of such Secondary
Offering will occur on the Capital Exchange Date.

          Section 1404. Notices of Exchange.

     (a) All notices of exchange subject to this paragraph shall state:

     (1) the type of Capital Securities to be exchanged for the Debt Securities of such
series on the Capital Exchange Date for Debt Securities of such series;

     (2) the proposed Capital Exchange Date;

     (3) that each Holder of Debt Securities of such series being exchanged will receive on
such Capital Exchange Date accrued and unpaid interest in cash and may elect to receive on
such Capital Exchange Date Capital Securities with a Market Value equal to the principal
amount of the Debt Securities of such series owned by such Holder and that, in the absence
of any such election by the Holder, such Holder will be deemed to have received on such
Capital Exchange Date Capital Securities having such Market Value and to have elected to
have such Capital Securities sold for such Holder by the Company in the related Secondary
Offering for cash proceeds to such Holder on such Capital Exchange Date equal to the
aggregate principal amount of all Debt Securities of such series being exchanged owned by
such Holder;

     (4) that on such Capital Exchange Date the Capital Exchange Price will become due and
payable upon each such Debt Security to be exchanged and that interest thereon will cease to
accrue on and after said date;

     (5) if less than all the Outstanding Debt Securities of any series are to be exchanged,
the identification and principal amount of the particular Debt Securities to be exchanged;

     (6) that each Holder for whom Capital Securities are being offered in the Secondary
Offering shall be deemed to have appointed the Company its attorney-in-fact
to execute any and all documents and agreements the Company deems necessary or
appropriate to effect such Secondary Offering:

     (7) (A) that the Company will assume, unless advised to the contrary in writing within
30 days after the date of notice of exchange, that the Capital Securities are to be offered
for the account of the Holder, that such Holder has not held any position, office or other
material relationship with the Company within three years preceding the Secondary Offering,
that the Holder owns no other Capital Securities, and that after completion of the Secondary
Offering the Holder will own less than one percent of the class of such Capital Securities,
and (B) that if any of these assumptions is not correct, the Holder shall promptly so advise
the Company;

     (8) the Place or Places of Capital Exchange:

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     (9) that Bearer Securities may be surrendered for payment or exchange only at a Place
or Places of Capital Exchange which are outside the United States, except as otherwise
provided in Section 1002; and

     (10) the CUSIP number, if any.

          (b) Each notice of exchange subject to this paragraph shall be given in the manner provided in
Section 106 to each Holder of Debt Securities to be exchanged, and the Company shall forthwith give
such notice by telephone to the Trustee and the Capital Exchange Agent, promptly confirmed in
writing.

          (c) (1) Except as may otherwise be specified pursuant to Section 301 for Debt Securities of
any series, if less than all the Debt Securities of any series are to be exchanged, the Company
shall at least 135 days prior to the related Capital Exchange Date (unless a shorter period shall
be satisfactory to the Trustee) notify the Trustee of such Capital Exchange Date and of the
principal amount of Debt Securities of such series to be exchanged and the particular Debt
Securities to be exchanged shall be selected not more than 135 days prior to the related Capital
Exchange Date by the Trustee, from the Outstanding Debt Securities of such series not previously
exchanged, by such method as the Trustee shall deem fair and appropriate and which may provide for
the selection for exchange of portions (equal to the minimum authorized denomination for Debt
Securities of such series or any integral multiple thereof) of the principal amount of Registered
or Bearer Securities of such series of a denomination larger than the minimum authorized
denomination for Debt Securities of such series.

          In any case where Debt Securities of such series are registered in the same name, the Trustee
in its discretion may treat the aggregate principal amount so registered as if it were represented
by one Debt Security of such series.

          (2) The Trustee shall promptly notify the Company in writing of the Debt Securities selected
for exchange and, in the case of any Debt Securities selected for partial exchange, the principal
amount thereof to be exchanged.

          (3) For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the exchange of Debt Securities shall relate, in the case of any Debt
Securities exchanged or to be exchanged only in part, to the portion of the principal amount
of such Debt Security which has been or is to be exchanged.

          Section 1405. Rights and Duties of Holders of Debt Securities to be
Exchanged for Capital Securities.

          (a) Subject to Section 503, and without prejudice to the rights pursuant to Section 1413 of
Holders of Debt Securities of any series to be exchanged, no Holder of Debt Securities of such
series shall be entitled to receive any cash from the Company on any Capital Exchange Date or at
the Stated Maturity of any Debt Security of such series except from the proceeds of the sale of
such Holder’s Capital Securities in the related Secondary Offering and except as provided herein
with respect to fractional Capital Securities, amounts equal to expenses of the sale in the related
Secondary Offering of such Capital Securities, accrued and unpaid interest and acceleration upon an
Event of Default, In the event that the Company does not effect

71

 

such Secondary Offering, such
Holder will receive Capital Securities with a Market Value equal to the principal amount of Debt
Securities of such series owned by such Holder which are subject to such exchange and not cash
other than in lieu of any fractional Capital Securities and for accrued and unpaid interest,
without prejudice to such Holder’s rights pursuant to Section 1413.

          (b) Each Holder for whom Capital Securities are being offered in the Secondary Offering shall
be deemed to have appointed the Company its attorney-in-fact to execute any and all documents and
agreements the Company deems necessary or appropriate to effect such Secondary Offering.

          (c) Unless advised to the contrary in writing within 30 days following the date of the notice
described in Section 1404(a) by any Holder for whom Capital Securities are being offered in the
Secondary Offering, the Company shall assume for the purposes of any Secondary Offering that the
Capital Securities are to be offered for the account of such Holder, that such Holder has not held
any position, office or other material relationship with the Company within three years preceding
the Secondary Offering, that such Holder owns no other Capital Securities, and that after
completion of the Secondary Offering such Holder will own less than one percent of the class of
such Capital Securities.

          (d) Each Holder for whom Capital Securities are being offered in the Secondary Offering agrees
to indemnify and hold harmless the Company, any other Holder, and any underwriter, agent or other
similar person from and against any and all losses, claims, damages and liabilities resulting from
or based upon any untrue statement or alleged untrue statement of any material fact contained in
any notice of exchange, any offering memorandum or selling document or registration statement
relating to the Secondary Offering, any preliminary prospectus or prospectus contained therein, or
any amendment thereof or supplement thereto, or resulting from or based upon the omission or
alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, which untrue statement, alleged untrue statement,
omission or alleged omission is made therein (i) in reliance upon and in conformity with any
written information famished to the Company by or on behalf of any such Holder specifically for use
in connection with the preparation thereof or (ii)
because of such Holders failure to advise the Company in writing that any of the assumptions
described in Section 1404(a)(7)(A) and Subsection (c) of this Section is incorrect.

          (e) In order for any Holder who has duly returned a Capital’ Security Election Form to receive
Capital Securities on any Capital Exchange Date for any Debt Security of any series, (1) the Holder
of any Registered Security to be exchanged shall surrender such Debt Security (with, if the Company
or the Trustee so requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by, the Holder of any Registered Security
or his attorney duly authorized in writing) to the Capital Exchange Agent on the Capital Exchange
Date, and (2) the Holder of any Bearer Security to be exchanged shall surrender such Debt Security
and all unmatured coupons and all matured coupons in default with the Capital Security Election
Form at a Place of Capital Exchange outside the United States designated pursuant to Section
1404(a)(8) except as otherwise provided in Section 1002, If the Holder of a Bearer Security is
unable to produce any such Debt Security or coupons, the surrender of such Debt Security or coupons
may be waived by the Company and the Trustee, if there be furnished to them such security or
indemnity as they may require to save

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each of them and any Capital Exchange Agent harmless in
respect of such Debt Security or coupons, Except as provided in Section 307, no payment or
adjustment shall be made upon any exchange on account of any interest accrued on any Debt
Securities surrendered for exchange or on account of any dividends or interest on the Capital
Securities issued upon exchange.

          (f) Debt Securities of any series to be exchanged shall be deemed to have been exchanged on
the Capital Exchange Date therefor in accordance with the foregoing provisions, and at such time
the rights of the Holders of such Debt Securities as Holders shall cease (subject to the provisions
of Section 307 and without prejudice to the rights of Holders of Debt Securities of such series
pursuant to Section 1413 ), and the Person or Persons entitled to receive the Capital Securities
issuable upon such exchange shall be treated for all purposes as the record holder or holders of
such Capital Securities at such time.

          Section 1406. Election to Exchange.

          The election of the Company to exchange Capital Securities for Debt Securities pursuant to
Section 1403 shall be evidenced by a Board Resolution:

          Section 1407. Deposit of Capital Exchange Price.

          On any Capital Exchange Date for Debt Securities of any series which may be exchanged, the
Company shall deposit with the Trustee or with a Capital Exchange Agent in the Borough of
Manhattan, The City of New York (or, if the Company is acting as Capital Exchange Agent, segregate
and hold in trust as provided in Section 1003) Capital Securities and an amount of money which
together are sufficient to pay the Capital Exchange Price of, and (except if such Capital Exchange
Date shall be an Interest Payment Date) accrued interest on, all the Debt Securities of such series
or portions thereof which are to be exchanged on that date: provided, however, that deposits with
respect to Bearer Securities shall be made with a Capital Exchange
Agent or Capital Exchange Agents located outside the United States except as otherwise
provided in Section 1002, unless otherwise specified as contemplated by Section 301.

          Section 1408. Debt Securities Due on Capital Exchange Date: Debt Securities
Exchanged in Part.

          Notice of exchange having been given as aforesaid, the Debt Securities of any series so to be
exchanged shall, on the Capital Exchange Date for such Debt Securities, become due and payable at
the Capital Exchange Price therein specified, and from and after such date (unless the Company
shall default in the payment of the Capital Exchange Price and accrued interest) Debt Securities of
such series to be exchanged shall cease to bear interest and the coupons for such interest
appertaining to any Bearer Securities to be exchanged, except to the extent provided below. shall
be void, Upon surrender of any Debt Security of such series for exchange in accordance with said
notice, such Debt Security shall be paid by the Company at the Capital Exchange Price. together
with accrued interest to the Capital Exchange Date; provided, however, that if such Capital
Exchange Date is an Interest Payment Date, the interest payable on such date shall be paid to the
Holder of Debt Securities of such series according to the terms of the Debt Securities of such
series and the provisions of Section 307; and provided further, that exchanges of Bearer Securities
shall be made only and installments of interest on Bearer

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Securities whose Stated Maturity is on or
prior to the Capital Exchange Date shall be payable only at an office or agency located outside the
United States except as otherwise provided in Section 1002 and, unless otherwise specified as
contemplated by Section 301, only upon presentation and surrender of those Bearer Securities and
coupons.

          If any Bearer Security surrendered for exchange shall not be accompanied by all unmatured
coupons and all matured coupons in default, such Bearer Security may be paid after deducting from
the Capital Exchange Price an amount equal to the face amount of all missing coupons, or the
surrender of such missing coupons may be waived by the Company and the Trustee if there be
furnished to them such security or indemnity as they may require to save each of them and any
Capital Exchange Agent harmless, If thereafter the Holder of such Bearer Security shall surrender
to the Trustee or Capital Exchange Agent any such missing coupon in respect of which a deduction
shall have been made from the Capital Exchange Price, such Holder shall be entitled to receive the
amount so deducted without interest thereon; provided, however, that interest on Bearer Securities
shall be payable only at an office or agency located outside of the United States except as
otherwise provided in Section 1002.

          If any Debt Security of any series called for exchange shall not be so paid or exchanged upon
surrender thereof for exchange, the principal shall, until paid, bear interest from such Capital
Exchange Date at the rate or rates prescribed therefor in such Debt Security; provided; however,
that in the case of Bearer Securities, any such principal and interest thereon shall be paid at an
office or agency located outside the United States except as otherwise provided in Section 1002.

          Any Registered Security which is to be exchanged only in part shall be surrendered as provided
herein (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 or his attorney duly authorized in writing) and the
Company shall execute, the Trustee shall authenticate and there shall be delivered to the Holder of
such Debt Security without service charge a new Registered Security or Securities of the same
series, of any authorized denomination or denominations as requested by such Holder in aggregate
principal amount equal to and in exchange for the unexchanged portion of principal of the Debt
Security so surrendered.

          Any Bearer Security which is to be exchanged only in part shall be surrendered as provided
herein and the Company shall execute, the Trustee shall authenticate and there shall be delivered
to the Holder of such Debt Security without service charge a new Registered Security or Securities
or new Bearer Security or Securities (and all appurtenant unmatured coupons and coupons in default)
or any combination thereof of the same series, of any surrendered denomination or denominations as
requested by such Holder in aggregate principal amount equal to and in exchange for the unexchanged
portion of principal of the Debt Security so surrendered; provided, however, the issuance of a
Registered Security therefor shall be subject to applicable laws and regulations, including
provisions of the United States federal income tax laws and regulations in effect at the time of
the exchange: neither the Company, the Trustee nor the Security Registrar shall issue Registered
Securities in exchange for Bearer Securities if it has received an Opinion of Counsel that as a
result of such exchanges the Company would suffer adverse consequences under the United States
Federal income tax laws then in effect and the

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Company has delivered to the Trustee a Company Order
directing the Trustee not to make such exchanges thereafter unless and until the Company delivers
to the Trustee a subsequent Company Order to the contrary, The Company shall deliver copies of such
Company Orders to the Security Registrar.

          Section 1409. Form of Capital Security Election Form.

          The form of Capital Security Election Form shall be substantially as follows with such
additions, deletions or changes thereto as may be approved by the Company:

CAPITAL SECURITY ELECTION FORM

			
	To:	 	[Insert Names and Addresses

of Capital Exchange Agents]

          The undersigned Holder of [insert title of Debt Security] (“Debt Securities”) of IndyMac
Bancorp, Inc. hereby elects to receive on the Capital Exchange Date determined pursuant to the
Indenture dated as of August 30, 1999, (“Indenture”), between IndyMac Bancorp, Inc. and [The
Trustee], as Trustee, and referred to in the notice of exchange published or delivered to the
undersigned with this Capital Security Election Form, Capital Securities of IndyMac Bancorp, Inc.
with a Market Value equal to the principal amount of the Debt Securities being exchanged owned by
the undersigned Holder and, in the case of Bearer Securities, delivered herewith together with all
coupons appertaining thereto, Unless this Capital Security Election Form together with, in the case
of Bearer Securities, such Bearer Securities and
coupons, is received by any Capital Exchange Agent named above at an address shown above on or
prior to                     , the Holder will be deemed to have elected to participate in the sale of the Holder’s
Capital Securities in the Secondary Offering and will receive cash on the Capital Exchange Date in
an amount equal to the principal amount of all Debt Securities being exchanged owned by the Holder,
All terms used herein and not otherwise defined herein shall have the meanings specified in the
Indenture.

	 	 	 	 	 	 	 	 	 	 	 
	Dated
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Name of Holder

          Section 1410. Fractional Capital Securities.

          No fractional Capital Securities shall be issued upon exchange for any Debt Securities, If
more than one Debt Security of any series shall be surrendered for exchange at one time by the same
Holder, the amount of all Capital Securities which shall be issuable upon exchange thereof shall be
computed on the basis of the aggregate principal amount of Debt Securities of such series so
surrendered, In lieu of issuing any fractional Capital Security, the Company shall pay a cash
adjustment in respect of such fraction in an amount equal to the same fraction of the Market Value
of the Capital Security.

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          Section 1411. Company to Obtain Governmental and Regulatory Approvals.

          The Company covenants that if any Capital Securities required to be exchanged for Debt
Securities hereunder require registration with or approval of any governmental authority under any
federal or state law, or any national securities exchange, before such Capital Securities may be
issued, the Company will in good faith and as expeditiously as possible endeavor to cause such
Capital Securities to be duly registered or approved, as the case may be; provided, however, that
nothing in this Section shall be deemed to affect in any way the obligation of the Company to
exchange Capital Securities for Debt Securities as provided in this Article.

          Section 1412. Taxes on Exchange.

          The Company will pay any and all transfer, stamp or similar taxes that may be payable in
respect of the issue or delivery of Capital Securities in exchange for Debt Securities pursuant
hereto.

          Section 1413. Covenants as to Capital Securities and Secondary Offering.

          (a) The Company covenants that it will issue, or cause to be issued, Capital Securities of the
type, in the amounts and at the times required by this Indenture.

          (b) The Company covenants that all Capital Securities which may be issued in exchange for Debt
Securities will upon issuance be duly and validly issued and, if applicable, fully paid and
nonassessable.

          (c) The Company unconditionally undertakes to sell Capital Securities in each Secondary-
Offering (and to bear all expenses of each Secondary Offering, including underwriting discounts and
commissions) at the times and in the manner required by this Indenture unless all Holders have duly
elected to receive Capital Securities on the related Capital Exchange Date.

          (d) The Company agrees to indemnify and hold harmless in connection with any Secondary
Offering any Holder for the account of whom’ Capital Securities are being offered and sold from and
against any and all losses, claims, damages and liabilities resulting from or based upon any untrue
statement or alleged untrue statement of any material fact contained in any notice of exchange, any
offering memorandum or selling document or registration statement relating to the Secondary,
Offering, any preliminary prospectus or prospectus contained therein, or any amendment thereof or
supplement thereto, or resulting from or based upon the omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein
not misleading, or resulting from the Company’s failure to comply with Section 1411: provided,
however, the Company will not be liable in any such case to the extent that any such loss, claim,
damage or liability arises out of or is based upon any such untrue statement, alleged untrue
statement, omission or alleged omission made therein (i) in reliance upon and in conformity with
written information furnished to the Company by or on behalf of any such Holder specifically for
use in connection with the preparation thereof or (ii) because of such Holder’s failure to advise
the Company in writing that any of the assumptions described in Section 1404(a)(7)(A) is incorrect,
In connection with any Secondary Offering, the

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Company agrees to obtain appropriate indemnification
of any Holder for the account of whom Capital Securities are being offered and sold in any
Secondary Offering from any underwriter, agent or other similar person.

          Section 1414. Provision in Case of Consolidation, Merger or Transfer of
Assets.

          In case of any consolidation of the Company with, or merger of the Company into, any other
corporation (other than a consolidation or merger in which the Company is the continuing
corporation), or in case of any conveyance or transfer of the properties and assets of the Company
substantially as an entirety, the corporation formed by such consideration or the corporation into
which the Company shall have been merged or the corporation which shall have acquired such assets
of the Company, as the case may be, shall execute and deliver to the Trustee
a supplemental indenture providing that the Holder of each Debt Security then Outstanding
shall have the right thereafter to receive securities of such successor on the Capital Exchange
Date for such Debt Security with a Market Value equal to the principal amount of such Debt
Security, The above provisions of this Section shall similarly apply to successive consolidations,
mergers, conveyances or transfers.

          Section 1415. Trustee Not Responsible.

          The Trustee shall not at any time be under any duty or responsibility to any Holder of Debt
Securities of any series to be exchanged to determine the Market Value of any Capital Securities
delivered in exchange for Debt Securities of such series and may rely on and shall be entitled to
receive prior to any Capital Exchange Date for Debt Securities of such series an Officers’
Certificate of the Company as to the Market Value of the Capital Securities being exchanged for the
Debt Securities of such series and the amount of Capital Securities being exchanged for each $1,000
principal amount of Debt Securities of such series or the minimum denomination of such series, if
larger, and that such Capital Securities qualify as Capital Securities under the definition thereof
contained herein, The Trustee shall not be accountable with respect to the validity or value (or
the kind or amount) of any Capital Securities which may at any time be issued or delivered in
exchange for any Debt Security; and the Trustee does not make any representation with respect
thereto, The Trustee shall not be responsible for any failure of the Company to issue, transfer or
deliver any Capital Securities or Capital Security certificates or other securities or property
upon the surrender of any Debt Security for the purpose of exchange or to comply with any of the
covenants of the Company contained in this Article.

          Section 1416. Revocation of Obligation to Exchange Capital Securities for
Debt Securities.

          The Company’s obligations to exchange Capital Securities for Debt Securities of any series as
provided in Section 1402 is absolute and unconditional; provided, however, that such obligation may
be revoked at the option of the Company at any time on not less than 60 days’ prior notice given in
the manner provided in Section 106 to the Holders of Debt Securities of such series, the Trustee
and the Capital Exchange Agent, [conditions of revocation to be specified].

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          In the event such obligation is revoked

          (a) the Company will pay the Debt Securities of such series in cash at 100% of the principal
amount thereof on the Stated Maturity thereof, and

          (b) the Company may, at any time on or after a date selected by the Company, on not less than
60 days’ prior notice given in the manner provided in Section 106 to the Holders of Debt Securities
of such series and the Trustee, redeem the Debt Securities of such series, in whole or in part, for
cash at 100% of the principal amount thereof, plus accrued interest to the Redemption Date.

          Section 1417. Optional Securities Funds.

     (a) (1) With respect to Debt Securities of any series for which an Officers’
Certificate or supplemental indenture pursuant to Section 301 provides that the Debt
Securities of such series are exchangeable for Capital Securities, the Company may elect to
establish a fund (referred to herein as the “Optional Securities Funds”) to which funds may
at any time be designated by the Company as provided in Section 1502 as if such Optional
Securities Funds were Securities Funds (as defined in Article Fifteen) to be used to pay the
principal of the Debt Securities of such series.

     (2) Notwithstanding any provisions to the contrary contained in this Indenture or in
the Debt Securities of any series, neither funds designated as Optional Securities Funds nor
any other property from time to time held as Optional Securities Funds shall be deemed to be
for any purpose property of the Holders or trust funds for the benefit of the Holders, and
the Optional Securities Funds shall not constitute security for the payment of the Debt
Securities.

          (b) In lieu of, or in addition to, any exchange of Capital Securities for Debt Securities of
any series which may be made in accordance with the provisions of Sections 1402 and 1403, the
Company may elect to redeem the Debt Securities of such series in accordance with the provisions of
Section 1106 and the terns of the Debt Securities of each series, in whole or in part, by paying
the principal of such Debt Securities with funds designated as Optional Securities Funds at a price
equal to the percentage of the principal amount established in the terms of the Debt Securities of
such series on the Redemption Date of the Debt Securities to be so redeemed, and (except if such
Redemption Date shall be an Interest Payment Date) by paying accrued interest on such Debt
Securities, If such Redemption Date is an Interest Payment Date, the interest payable on such date
shall be paid to the Holder of Debt Securities of such series according to the terms of the Debt
Securities of such series and the provisions of Section 307.

          (c) The Company shall give notice of such proposed redemption in the manner provided in
Section 106 to the Holders of the Debt Securities of such series within the time prescribed for the
giving of the initial notice in Section 1402 or 1403, depending upon the Redemption Date selected
by the Company, Such notice shall state the Redemption Date and the place or places where the Debt
Securities of the series to be paid are to be surrendered for payment; provided, however, if such
redemption is of less than all of the Debt Securities of such series and is to be made on a Capital
Exchange Date specified in accordance with Section 1402

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or 1403, then such notice may be
incorporated into any initial notice of such Capital Exchange Date and provided that no notice of
any redemption may be given unless there are sufficient Optional Securities Funds to pay the
principal amount of the Debt Securities to be redeemed.

          (d) If less than all the Debt Securities of any series are to be so redeemed, then Sections
1404(c) and 1408 shall apply to the redemption in the same manner as if such Debt Securities were
to be exchanged for Capital Securities.

          (e) Funds designated as Optional Securities Funds shall be released from such designation
under the circumstances described in Section 1503.

ARTICLE FIFTEEN

Securities Funds

          Section 1501. Creation of Securities Funds.

          A fund (the “Securities Funds”) will be established when specified in an Officers’ Certificate
or supplemental indenture pursuant to Section 301 for the Debt Securities of any series pursuant to
which funds may be designated by the Company as provided in Section 1 502, to be used to pay the
principal of the Debt Securities of that series.

          Notwithstanding any provision to the contrary contained in this Indenture or in the Debt
Securities of any series, neither funds designated as Securities Funds nor any other property from
time to time held as Securities Funds shall be deemed to be for any purpose property of the Holders
or trust funds for the benefit of the Holders, and the Securities Funds shall not constitute
security for the payment of the Debt Securities.

          Section 1502. Designations of Securities Funds.

          The Securities Funds will consist of amounts equal to (i) the net proceeds of the sale of
Capital Securities for cash from time to time after the date of initial issuance of the Debt
Securities of any series for which funds may be designated by the Company as provided in this
Section, and (ii) the market value, as determined by the Company, of Capital Securities sold from
time to time after the date of initial issuance of the Debt Securities of such series in
exchange for other property, less the expenses to effect any such exchanges, and (iii) [other
funds to be specified].

          Section 1503. Covenant of the Company to Obtain Securities Funds.

          Notwithstanding anything else contained herein, the Company hereby covenants and agrees that
with regard to the Debt Securities of any series which by its terms requires the designation of
Securities Funds (i) by the Interest Payment Date which occurs on or next preceding the date when
one-third of the period from the date of issuance of the Debt Securities of such series to their
Stated Maturity has elapsed, it will have obtained Securities Funds in an amount that will equal at
least one-third of the original aggregate principal amount of the Debt Securities of such series
and will have prepared and delivered to the Trustee an Officers’ Certificate to the foregoing
effect, (ii) by the Interest Payment Date which occurs on or next

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preceding the date when
two-thirds of the period from the date of issuance of the Debt Securities of such series to their
Stated Maturity has elapsed, it will have obtained Securities Funds in an amount that will equal at
least two-thirds of the original aggregate principal amount of the Debt Securities of such series
and will have prepared and delivered to the Trustee an Officers’ Certificate to the foregoing
effect, and (iii) by 60 days prior to the Stated Maturity of the Debt Securities of such series, it
will have obtained Securities Funds in an amount that will equal not
less than the original aggregate principal amount of the Debt Securities of such series and,
will have prepared and delivered to the Trustee an Officers’ Certificate to the foregoing effect.

ARTICLE SIXTEEN

Meetings of Holders of Debt Securities

          Section 1601. Purposes for Which Meetings May Be Called.

          If Debt Securities of a series are issuable in whole or in part as Bearer Securities, a
meeting of Holders of Debt Securities of such series may be called at any time and from time to
time pursuant to this Article to make, give or take any request, demand, authorization, direction,
notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by
Holders of Debt Securities of such series.

          Section 1602. Call, Notice and Place of Meetings.

          (a) The Trustee may at any time call a meeting of Holders of Debt Securities of any series
issuable as Bearer Securities for any purpose specified in Section 1601, to be held at such time
and at such place in the Borough of Manhattan, The City of New York, or in London as the Trustee
shall determine, Notice of every meeting of Holders of Debt Securities of any series, setting forth
the time and the place of such meeting and in general terms the action
proposed to be taken at such meeting, shall be given, in the manner provided in Section 106,
not less than 21 nor more than 180 days prior to the date fixed for the meeting.

          (b) In case at any time the Company, pursuant to a Board Resolution, or the Holders of at
least 10% in principal amount of the Outstanding Debt Securities of any series shall have requested
the Trustee to call a meeting of the Holders of Debt Securities of such series for any purpose
specified in Section 1601, by written request setting forth in reasonable detail the action
proposed to be taken at the meeting, and the Trustee shall not have made the first publication of
the notice of such meeting within 21 days after receipt of such request or shall not thereafter
proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Debt
Securities of such series in the amount above specified, as the case may be, may determine the time
and the place in the Borough of Manhattan, The City of New York, or in London for such meeting and
may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of
this Section.

          Section 1603. Persons Entitled to Vote at Meetings.

          To be entitled to vote at any meeting of Holders of Debt Securities of any series, a Person
shall be (1) a Holder of one or more Outstanding Debt Securities of such series, or (2) a Person
appointed by an instrument in writing as proxy for a Holder or Holders of one or more

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Outstanding
Debt Securities of such series by such Holder or Holders. The only Persons who shall be entitled to
be present or to speak at any meeting of Holders of Debt Securities of any
series shall be the Persons entitled to vote at such meeting and their counsel, any
representatives of the Trustee and its counsel and any representatives of the Company and its
counsel.

          Section 1604. Quorum: Action.

          The Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities
of a series shall constitute a quorum for a meeting of Holders of Debt Securities of such series.
In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the
meeting shall, if convened at the request of Holders of Debt Securities of such series, be
dissolved. In the absence of a quorum in any other case the meeting may be adjourned for a period
of not less than 10 days as determined by the chairperson of the meeting prior to the adjournment
of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting
may be further adjourned for a period of not less than 10 days as determined by the chairperson of
the meeting prior to the adjournment of such adjourned meeting. Notice of this reconvening of any
adjourned meeting shall be given as provided in Section 1602(a), except that such notice need be
given only once not less than five days prior to the date on which the meeting is scheduled to be
reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage,
as provided above, of the principal amount of the Outstanding Debt Securities of such series which
shall constitute a quorum.

          Except as limited by the proviso to Section 902, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by
the affirmative vote of the Holders of majority in principal amount of the
Outstanding Debt Securities of that series, provided however, that, except as limited by the
proviso to Section 902, any resolution with respect to any request, demand, authorization,
direction, notice, consent, waiver or other Act which this Indenture expressly provides may be
made, given or taken by the Holders of a specified percentage, which is less than a majority, in
principal amount of the Outstanding Debt Securities of a series may be adopted at a meeting or an
adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative
vote of the Holders of such specified percentage in principal amount of the Outstanding Debt
Securities of that series.

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

          Section 1605. Determination of Voting Rights: Conduct and Adjournment of
Meetings.

          (a) Notwithstanding any other provisions of this Indenture, the Trustee may make such
reasonable regulations as it may deem advisable for any meeting of Holders of Debt Securities of
such series in regard to proof of the holding of Debt Securities of such series and of the
appointment of proxies and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote,
and

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such other matters concerning the conduct of the meeting as it shall deem appropriate. Except
as otherwise permitted or required by any such regulations, the holding of Debt Securities shall be
proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in
the manner specified in Section 104 or, in the case of Bearer Securities, by having the signature
of the person executing the proxy witnessed or guaranteed by any trust company, bank or banker
authorized by Section 104 to certify to the holding of Bearer Securities, Such regulations may
provide that written instruments appointing proxies, regular on their face, may be presumed valid
and genuine without the proof specified in Section 104 or other proof.

          (b) The Trustee shall, by an instrument in writing, appoint a temporary chairperson of the
meeting, unless the meeting shall have been called by the Company or by Holders of Debt Securities
as provided in Section 1602(b), in which case the Company or the Holders of Debt Securities of the
series calling the meeting, as the case may be, shall in like manner appoint a temporary
chairperson. A permanent chairperson and a permanent secretary of the meeting shall be elected by
vote of the Persons entitled to vote a majority in principal amount of the Outstanding Debt
Securities of such series represented at the meeting.

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

          (d) Any meeting of Holders of Debt Securities of any series duly called pursuant to Section
1602 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a
majority in principal amount of the Outstanding Debt Securities of such series represented at the
meeting; and the meeting may be held as so adjourned without further notice.

          Section 1606. Counting Votes and Recording Action of Meetings.

          The vote upon any resolution submitted to any meeting of Holders of Debt Securities of any
series shall be by written ballots on which shall be subscribed the signatures of the Holders of
Debt Securities of such series or of their representatives by proxy and the principal amounts and
serial numbers of the Outstanding Debt Securities of such series held or represented by them, The
permanent chairperson of the meeting shall appoint two inspectors of votes who shall count all
votes cast at the meeting for or against any resolution and who shall make and file with the
secretary of the meeting their verified written reports in triplicate of all votes cast at the
meeting, A record, at least in triplicate, of the proceedings of each meeting of Holders of Debt
Securities of any series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any vote by ballot taken
thereat and affidavits by one or more persons having knowledge of the facts setting
forth a copy of the notice of the meeting and showing that said notice was given as provided
in Section 1602 and, if applicable, Section 1601. Each copy shall be signed and verified by the
affidavits of the permanent chairperson and secretary of the meeting and one such copy shall be

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delivered to the Company, and another to the Trustee to be presented by the Trustee, the latter to
have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be
conclusive evidence of the matters therein stated.

ARTICLE SEVENTEEN

Defeasance

          Section 1701. Applicability of Article; Company’s Option to Effect
Defeasance or Covenant Defeasance.

          If, pursuant to Section 301, provision is made for either or both of (a) defeasance of the
Debt Securities of or within a series under Section 1702 or (b) covenant defeasance of the
Securities of or within a series under Section 1703 to be applicable to the Debt Securities of any
series, then the provisions of such Section or Sections, as the case may be, together with the
other provisions of this Article (with such modifications thereto as may be specified pursuant to
Section 301 with respect to any Debt Securities), shall be applicable to such Debt Securities and
any coupons appertaining thereto, and the Company may at its option by Board Resolution at any
time, with respect to such Debt Securities and any coupons appertaining thereto, elect to defease
such Outstanding Debt Securities and any coupons appertaining thereto pursuant to Section 1702
(if applicable) or Section 1703 (if applicable) upon compliance with the conditions set forth
below in this Article.

          Section 1702. Defeasance and Discharge.

          Upon the Company’s exercise of the above option applicable to this Section with respect to any
Debt Securities of or within a series, the Company shall be deemed to have been discharged from its
obligations and the provisions of Article Eighteen shall cease to be effective with respect to such
Outstanding Debt Securities and any coupons appertaining thereto on and after the date the
conditions set forth in Section 1704 are satisfied (hereinafter, “defeasance”). For this purpose,
such defeasance means that the Company shall be deemed to have paid and discharged the entire
indebtedness represented by such Outstanding Debt Securities and any coupons appertaining thereto,
which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1705 and the
other Sections of this Indenture referred to in clauses (A) and (B) below, and to have satisfied
all of its other obligations under such Debt Securities and any coupons appertaining thereto and
this Indenture insofar as such Securities and any coupons appertaining thereto 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 Outstanding Debt Securities and any coupons
appertaining thereto to receive, solely from the trust fund described in Section 1704 and as more
fully set forth in such Section, payments in respect of the principal of (and premium, if any) and
interest, if any, on such Debt Securities and any coupons appertaining thereto when such payments
are due, (B) the Company’s obligations
with respect to such Securities under Sections 304, 305, 306, 1002 and 1003 and with respect
to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1006,
(C) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (D) this
Article. Subject to compliance with this Article Fifteen, the Company may exercise its option

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under
this Section notwithstanding the prior exercise of its option under Section 1703 with respect to
such Securities and any coupons appertaining thereto.

          Section 1703. Covenant Defeasance.

          Upon the Company’s exercise of the above option applicable to this Section with respect to any
Securities of or within a series, the Company shall be released from its obligations under any
covenant determined pursuant to Section 301 and the provisions of Article Eighteen shall cease to
be effective with respect to such Outstanding Debt Securities and any coupons appertaining thereto
on and after the date the conditions set forth in Section 1704 are satisfied (hereinafter,
“covenant defeasance”), and such Debt Securities and any coupons appertaining thereto shall
thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or
declaration or Act of Holders (and the consequences of any thereof) in connection with such
covenants, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this
purpose, such covenant defeasance means that, with respect to such Outstanding Debt Securities and
any coupons appertaining thereto, 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 or such other
covenant, whether directly or indirectly, by reason of any
reference elsewhere herein to any such Section, Article Eighteen or such other covenant or by
reason of reference in any such Section or such other covenant to any other provision herein or in
any other document and such omission to comply shall not constitute a default or an Event of
Default under Section 501(3) or otherwise, as the case may be, but, except as specified above, the
remainder of this Indenture and such Debt Securities and any coupons appertaining thereto shall be
unaffected thereby.

          Section 1704. Conditions to Defeasance or Covenant Defeasance.

     The following shall be the conditions to application of Section 1702 or Section 1703 to any
Outstanding Debt Securities of or within a series and any coupons appertaining thereto:

          (a) The Company shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee satisfying the requirements of Section 609 who shall agree to comply
with the provisions of this Article Seventeen applicable to it) as trust funds in trust for the
purpose of making the following payments, specifically pledged as security for, and dedicated
solely to, the benefit of the Holders of such Debt Securities and any coupons appertaining thereto,
(1) an amount in such currency, currencies or currency unit in which such Debt Securities and any
coupons appertaining thereto are then specified as payable at Stated Maturity, or (2) if Debt
Securities of such series are not subject to early repayment at the option of the Holders, Eligible
Instruments applicable to such Debt Securities and coupons appertaining thereto (determined on the
basis of the currency, currencies or currency unit in which such Debt Securities and coupons
appertaining thereto are then specified as payable at Stated Maturity)
which through the scheduled payment of principal and interest in respect thereof in accordance
with their terms will provide, not later than one day before the due date of any payment of
principal of (and premium, if any) and interest, if any, and Additional Amounts, if any, on such
Securities and any coupons appertaining thereto, money in an amount, or (3) a combination thereof
in an amount, sufficient, without consideration of any reinvestment of such principal and interest,
in the opinion of a nationally recognized firm of independent public accountants

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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, (i) the principal of
(and premium, if any) and interest, if any, and Additional Amounts, if any on such Outstanding Debt
Securities and any coupons appertaining thereto on the Stated Maturity of such principal or
installment of principal or interest and (ii) any mandatory sinking fund payments or analogous
payments applicable to such Outstanding Debt Securities and any coupons appertaining thereto on the
day on which such payments are due and payable in accordance with the terms of this Indenture and
of such Debt Securities and any coupons appertaining thereto; provided, that the Trustee shall have
been irrevocably instructed to apply such money or the proceeds of such Eligible Instruments to
said payments with respect to such Debt Securities. Before such a deposit, the Company may give to
the Trustee, in accordance with Section 1102 hereof, a notice of its election to redeem all or any
portion of such Outstanding Debt Securities at a future date in accordance with the terms of the
Debt Securities of such series and Article Eleven hereof, which notice shall be irrevocable. Such
irrevocable redemption notice, if given, shall be given effect in applying the foregoing.

          (b) Such defeasance or covenant defeasance shall not result in a breach or violation of,
or constitute a breach or default under, this Indenture or any other material agreement or
instrument to which the Company is a party or by which it is bound (and shall not cause the Trustee
to have a conflicting interest pursuant to Section 310(b) of the Trust Indenture Act with respect
to any Debt Security of the Company).

          (c) No Event of Default or event which with notice or lapse of time or both would become
an Event of Default with respect to such Securities and any coupons appertaining thereto shall have
occurred and be continuing on the date of such deposit or, insofar as Sections 501(1) and 501(2)
are 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 and should that condition fail to be satisfied on or before the 91st day, the
Trustee shall promptly, upon satisfactory receipt of evidence of such failure, return such deposit
to the Company).

          (d) In the case of an election under Section 1702, the Company shall have delivered to
the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this
Indenture, there has been a change in the applicable Federal income tax law, in either case to the
effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding
Debt Securities and any coupons appertaining thereto will not recognize income, gain or loss for
Federal income tax purposes as a result of such defeasance and will be subject to Federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if
such defeasance had not occurred.

          (e) In the case of an election under Section 1703, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Debt
Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal
income tax purposes as a result of such covenant defeasance and will be subject to Federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if
such covenant defeasance had not occurred.

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          (f) The Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent to the defeasance under Section 1702
or the covenant defeasance under Section 1703 (as the case may be) have been complied with and an
Opinion of Counsel to the effect that either (i) as a result of a deposit pursuant to subsection
(a) above and the related exercise of the Company’s option under Section 1702 or Section 1703 (as
the case may be) registration is not required under the Investment Company Act of 1940, as amended,
by the Company, with respect to the trust funds representing such deposit or by the Trustee for
such trust funds or (ii) all necessary registrations under said Act have been effected.

          (g) After the 91st day following the deposit, the trust funds will not be subject to the
effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting
creditors’ rights generally.

          (h) The Company shall have delivered an Opinion of Counsel to the effect that the
trust funds deposited pursuant to this Section will not be subject to the rights of any holders of
Senior Debt, including those arising under Article Eighteen, except and subject to the effect of
any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights
generally and general principals of equity.

          (i) Notwithstanding any other provisions of this Section, such defeasance or covenant
defeasance shall be effected in compliance with any additional or substitute terms, conditions or
limitations which may be imposed on the Company in connection therewith pursuant to Section 301.

          (j) If the Debt Securities of the relevant series are listed on a domestic or foreign
securities exchange, that the Company deliver an Opinion of Counsel that the Debt Securities of
such series will not be delisted from such securities exchange as a result of such deposit and
termination.

     Section 1705. Deposited Money and Eligible Instruments to be Held in Trust; Other
Miscellaneous Provisions.

          Subject to the provisions of the last paragraph of Section 1003, all money and Eligible
Instruments (or other property as may be provided pursuant to Section 301) (including the proceeds
thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this
Section 1705, the “Trustee”) pursuant to Section 1704 in respect of any Outstanding Debt Securities
of any series and any coupons appertaining thereto shall be held in trust and applied by the
Trustee, in accordance with the provisions of such Debt Securities and any coupons appertaining
thereto 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 Debt Securities and any coupons appertaining thereto of all sums
due and to become due thereon in respect of principal (and premium, if any) and interest and
Additional Amounts, if any, but such money need not be segregated from other funds except to the
extent required by law.

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     Money and Eligible Instruments (including the proceeds thereof) so held in trust shall not be
subject to the provisions of Article Eighteen, provided that the applicable conditions of Section
1704 have been satisfied.

          Unless otherwise specified with respect to any Debt Security pursuant to Section 301, if,
after a deposit referred to in Section 1704(a) has been made, (a) the Holder of a Debt Security in
respect of which such deposit was made is entitled to, and does, elect pursuant to Section 301 or
the terms of such Debt Security to receive payment in a currency or currency unit other than that
in which the deposit pursuant to Section 1704(a) has been made in respect of such Debt Security, or
(b) a Conversion Event occurs in respect of the currency or currency unit in which the deposit
pursuant to Section 1704(a) has been made, the indebtedness represented by such Debt Security and
any coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and
satisfied through the payment of the principal of (and premium, if any), and interest, if any, on
such Debt Security as the same becomes due out of the proceeds yielded by converting (from time to
time as specified below in the case of any such election) the amount
or other property deposited in respect of such Security into the currency or currency unit in
which such Debt Security becomes payable as a result of such election or Conversion Event based on
the applicable market exchange rate for such currency or currency unit in effect on the second
Business Day prior to each payment date, except, with respect to a Conversion Event, for such
currency or currency unit in effect (as nearly as feasible) at the time of the Conversion Event.

          Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to
the Company from time to time upon Company Request any money or Eligible Securities (or other
property and any proceeds therefrom) held by it as provided in Section 1704 which are in excess of
the amount thereof which would then be required to be deposited to effect a defeasance or covenant
defeasance, as applicable, in accordance with this Article.

     Section 1706. Reinstatement.

          If the Trustee or the Paying Agent is unable to apply any money or the Eligible Instruments,
as the case may be, in accordance with this Article with respect to any Debt Securities by reason
of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the obligations under this Indenture, such Debt Securities and
any coupons appertaining thereto from which the Company has been discharged or released pursuant to
Section 1702 or 1703 shall be revived and reinstated as though no deposit had occurred pursuant to
this Article with respect to such Debt Securities, until such time as the Trustee or Paying Agent
is permitted to apply all money or Eligible Instruments, as the case may be, held in trust pursuant
to Section 1705 with respect to such Debt Securities and any coupons appertaining thereto in
accordance with this Article; provided, however, that if the Company makes any payment of principal
of or any premium or interest on any such Debt
Security following such reinstatement of its obligations, the Company shall be subrogated to
the rights (if any) of the Holders of such Debt Securities or coupons to receive such payment from
the money or Eligible Instruments, as the case may be, so held in trust.

     Section 1707. Repayment to Company.

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     The Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any
money or, Eligible Instruments not required for the payment of the principal of (and premium, if
any) and interest on the Debt Securities of any series and any related coupons for which money or
Eligible Instruments have been deposited pursuant to Sections 1702, 1703 or 1704 held by them at
any time.

     The Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any
money held by them for the payment of principal (and premium, if any) and interest that remains
unclaimed for two years after the Maturity of the Debt Securities for which a deposit has been made
pursuant to Section 1701. After such payment to the Company, the Holders of the Debt Securities of
such series and any related coupons shall thereafter, as unsecured general creditors, look only to
the Company for the payment thereof.

     Section 1708. Indemnity for Eligible Instruments.

          The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the deposited Eligible Instruments or the principal or interest
received on such Eligible Instruments.

ARTICLE EIGHTEEN

Subordination of Debt Securities

          Section 1801. Debt Securities Subordinate to Senior Debt.

          The Company covenants and agrees that anything in this Indenture or the Debt Securities of any
series to the contrary notwithstanding, the indebtedness evidenced by the Debt Securities of each
series and any coupons appurtenant thereto is subordinate and junior in right of payment to all
Senior Debt to the extent provided herein, and each Holder of Debt Securities of each series and
coupons appurtenant thereto, by such Holder’s acceptance thereof, likewise covenants and agrees to
the subordination herein provided and shall be bound by the provisions hereof, Senior Debt shall
continue to be Senior Debt and entitled to the benefits of these subordination provisions
irrespective of any amendment, modification or waiver of any term of the Senior Debt or extension
or renewal of the Senior Debt.

          In the event of

     (a) any insolvency, bankruptcy, receivership, liquidation, reorganization,
readjustment, composition or other similar proceeding relating to the Company, its creditors
or its property.

     (b) any proceeding for the liquidation, dissolution or other winding up of the Company,
voluntary or involuntary, whether or not involving insolvency or bankruptcy proceedings,

     (c) any assignment by the Company for the benefit of creditors, or

     (d) any other marshalling of the assets of the Company,

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all Senior Debt (including any interest thereon accruing after the commencement of any such
proceedings) shall first be paid in full before any payment or distribution, whether in cash,
securities or other property, shall be made to any Holder of any of the Debt Securities or coupons
appurtenant thereto on account thereof, Any payment or distribution, whether in cash, securities or
other property (other than securities of the Company or any other corporation provided for by a
plan of reorganization or readjustment the payment of which is subordinate, at least to the extent
provided in these subordination provisions with respect to the indebtedness evidenced by the Debt
Securities, to the payment of all Senior Debt at the time outstanding and to any securities issued
in respect thereof under any such plan of reorganization or readjustment), which
would otherwise (but for these subordination provisions) be payable or deliverable in respect of
the Debt Securities of any series or coupons appurtenant thereto shall be paid or delivered
directly to the holders of Senior Debt in accordance with the priorities then existing among such
holders until all Senior Debt (including any interest thereon accruing after the commencement of
any such proceedings) shall have been paid in full, In the event of any such proceeding, after
payment in full of all stuns owing with respect to Senior Debt, the Holders of the Debt Securities
and coupons appurtenant thereto, together with the holders of any obligations of the Company
ranking on a parity with the Debt Securities, shall be entitled to be paid from the remaining
assets of the Company the amounts at the time due and owing on account of unpaid principal of (and
premium, if any) and interest on the Debt Securities and such other obligations before any payment
or other distribution, whether in cash, property or otherwise, shall be made on account of any
capital stock or any obligations of the Company ranking junior to the Debt Securities and such
other obligations.

          In the event that, notwithstanding the foregoing, any payment or distribution of any character
or any security, whether in cash, securities or other property (other than securities of the
Company or any other corporation provided for by a plan of reorganization or readjustment the
payment of which is subordinate, at least to the extent provided in these subordination provisions
with respect to the indebtedness evidenced by the Debt Securities, to the payment of all Senior
Debt at the time outstanding and to any securities issued in respect thereof under any such plan or
reorganization or readjustment), shall be received by the Trustee or any Holder in contravention of
any of the terms hereof such payment or distribution or security shall be received in trust for the
benefit of, and shall be paid over or delivered and transferred to, the holders of the Senior Debt
at the time outstanding in accordance with the priorities then existing among such holders for
application to the payment of all Senior Debt remaining unpaid, to the extent necessary to pay all
such Senior Debt in full, In the event of the
failure of the Trustee or any Holder to endorse or assign any such payment, distribution or
security, each holder of Senior Debt is hereby irrevocably authorized to endorse or assign the
same.

          No present or future holder of any Senior Debt shall be prejudiced in the right to enforce
subordination of the indebtedness evidenced by the Debt Securities by any act or failure to act on
the part of the Company, Nothing contained herein shall impair, as between the Company and the
Holders of Debt Securities of each series, the obligation of the Company to pay to such Holders the
principal of (and premium, if any) and interest on such Debt Securities and coupons appurtenant
thereto or prevent the Trustee or the Holder from exercising all rights, powers and remedies
otherwise permitted by applicable law or hereunder upon a default or Event

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of Default hereunder,
all subject to the rights of the holders of the Senior Debt to receive cash, securities or other
property otherwise payable or deliverable to the Holders.

          Senior Debt shall not be deemed to have been paid in full unless the holders thereof shall
have received cash, securities or other property equal to the amount of such Senior Debt then
outstanding, Upon the payment in full of all Senior Debt, the Holders of Debt Securities of each
series and coupons appurtenant thereto, if any, shall be subrogated to all rights of any holders of
Senior Debt to receive any further payments or distributions applicable to the Senior Debt until
the indebtedness evidenced by the Debt Securities of such series and coupons appertaining thereto,
if any, shall have been paid in full, and such payments or distributions
received by such Holders, by reason of such subrogation, of cash, securities or other property
which otherwise would be paid or distributed to the holders of Senior Debt shall, as between the
Company and its creditors other than the holders of Senior Debt, on the one hand, and such Holders,
on the other hand, be deemed to be a payment by the Company on account of Senior Debt, and not on
account of the Debt Securities of such series.

          The Trustee and Holders will take such action (including, without limitation, the delivery of
this Indenture to an agent for the holders of Senior Debt or consent to the filing of a financing
statement with respect hereto) as may, in the opinion of counsel designated by the holders of a
majority in principal amount of the Senior Debt at the time outstanding, be necessary or
appropriate to assure the effectiveness of the subordination effected by these provisions.

          The provisions of this Section 1801 shall not impair any rights, interests, remedies or powers
of any secured creditor of the Company in respect of any security interest the creation of which is
not prohibited by the provisions of this Indenture.

          Section 1802. Trustee and Holders of Debt Securities May Rely on Certificate of
Liquidating Agent: Trustee May Require Further Evidence as to Ownership of Senior Debt:
Trustee Not Fiduciary to Holders of Senior Debt.

          Upon any payment or distribution of assets of the Company referred to in this Article
Eighteen, the Trustee and the Holders shall be entitled to rely upon an order or decree
made by any court of competent jurisdiction in which such dissolution or winding up or
liquidation or reorganization or arrangement proceedings are pending or upon a certificate of the
trustee in bankruptcy, receiver, assignee for the benefit of creditors or other Person making such
payment or distribution, delivered to the Trustee or to the Holders, for the purpose of
ascertaining the persons entitled to participate in such distribution, the holders of the Senior
Debt and other indebtedness of the Company, the amount thereof or payable thereon, the amount or
amounts paid or distributed thereon and all other facts pertinent thereto or to this Article
Eighteen, In the absence of any such bankruptcy trustee, receiver, assignee or other Person, the
Trustee shall be entitled to rely upon a written notice by a Person representing himself or herself
to be a holder of Senior Debt (or a trustee or representative on behalf of such holder) as evidence
that such Person is a holder of such Senior Debt (or is such a trustee or representative), 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 Debt to participate in any payments or distributions
pursuant to this Article Eighteen, the Trustee may request such person to furnish evidence to the

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reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such Person, as to
the extent to which such Person is entitled to participate in such payment or distribution, and as
to other facts pertinent to the rights of such Person under this Article Eighteen, and if such
evidence is not furnished, the Trustee may offer any payment to such Person pending judicial
determination as to the right of such Person to receive payment, The Trustee, however, shall not be
deemed to owe any fiduciary duty to the holders of Senior Debt.

          Section 1803. Payment Permitted If No Default.

          Nothing contained in this Article Eighteen or elsewhere in this Indenture, or in any of the
Debt Securities, shall prevent (a) the Company at any time, except during the pendency of any
dissolution, winding up, liquidation or reorganization proceedings referred to in Section 1801,
from making payments of the principal of (or premium, if any) or interest on the Debt Securities or
(b) the application by the Trustee or any Paying Agent of any moneys deposited with it hereunder to
payments of the principal of or interest on the Debt Securities, if, at the time of such deposit,
the Trustee or such Paying Agent, as the case may be, did not have the written notice provided for
in Section 1804 of any event prohibiting the making of such deposit, or if, at the time of such
deposit (whether or not in trust) by the Company with the Trustee or any Paying Agent (other than
the Company) such payment would not have been prohibited by the provisions of this Article, and the
Trustee or any Paying Agent shall not be affected by any notice to the contrary received by it on
or after such date.

          Section 1804. Trustee Not Charged with Knowledge of Prohibition.

          Anything in this Article Eighteen or elsewhere in this Indenture contained to the contrary
notwithstanding, the Trustee shall not at any time be charged with knowledge of the existence of
any facts which would prohibit the making of any payment of money to or by the Trustee and shall be
entitled conclusively to assume that no such facts exist and that no event specified in Section
1801 has happened, until the Trustee shall have received an Officers’ Certificate to that effect or
notice in writing to that effect signed by or on behalf of the holder or
holders, or their representatives, of Senior Debt who shall have been certified by the Company
or otherwise established to the reasonable satisfaction of the Trustee to be such holder or holders
or representatives or from any trustee under any indenture pursuant to which such Senior Debt shall
be outstanding, The Company shall give prompt written notice to the Trustee and to the Paying Agent
of any facts which would prohibit the payment of money to or by the Trustee or any Paying Agent.

          Section 1805. Trustee to Effectuate Subordination.

          Each Holder of Debt Securities or coupons by such Holder’s acceptance thereof authorizes and
directs the Trustee in such Holder’s behalf to take such action as may be necessary or appropriate
to effectuate the subordination as between such Holder and holders of Senior Debt as provided in
this Article and appoints the Trustee its attorney-in-fact for any and all such purposes.

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          Section 1806. Rights of Trustee as Holder of Senior Debt.

          The Trustee shall be entitled to all the rights set forth in this Article with respect to any
Senior Debt which may at the time be held by it, to the same extent as any other holder of Senior
Debt; provided that nothing in this Article shall deprive the Trustee of any rights as such holder
and provided further that nothing in this Article shall apply to claims of, or payments to, the
Trustee under or pursuant to Section 607.

          Section 1807. Article Applicable to Paving 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 shall in such case
(unless the context shall otherwise require) be construed as extending to and including such Paying
Agent within its meaning as fully for all intents and purposes as if the Paying Agent were named in
this Article in addition to or in place of the Trustee, provided however, that Sections 1804 and
1806 shall not apply to the Company or any Affiliate of the Company if the Company or such
Affiliate acts as Paying Agent.

          Section 1808. Subordination Rights Not Impaired by Acts or Omissions of the Company or
Holders of Senior Debt.

          No right of any present or future holders of any Senior Debt 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 which any such holder may have or be otherwise charged with,
The holders of Senior Debt may, at any time or from time to
time and in their absolute discretion, change the manner, place or terms of payment change or
extend the time of payment of, or renew or alter, any such Senior Debt or amend or supplement any
instrument pursuant to which any such Senior Debt is issued or by which it may be secured, or
release any security therefor, or exercise or refrain from exercising any other of their rights
under the Senior Debt including, without limitation, the waiver of default thereunder, all without
notice to or assent from the Holders of the Debt Securities or the Trustee and without affecting
the obligations of the Company, the Trustee or the Holders of the Debt Securities under this
Article.

ARTICLE NINETEEN

Conversion of Convertible Securities

          Section 1901. Applicability of Article.

          If an Officers Certificate or supplemental indenture pursuant to Section 301 provides that the
Debt Securities of a series shall be Convertible Securities, Debt Securities of such series shall
be convertible in accordance with their terms and (except as otherwise specified in such Officers’
Certificate or supplemental indenture) in accordance with this Article.

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          Section 1902. Right to Convert.

          Subject to and upon compliance with the provisions of this Article, the Holder of any
Convertible Security shall have the right, at such Holder’s option, at any time prior to the close
of business on the date set forth in the Officers’ Certificate delivered pursuant to Section 301
hereof (or if such Convertible Security is called for redemption or submitted for repayment, then
in respect of such Convertible Security to and including but not after the close of business on the
Redemption or Repayment Date, as the case may be, unless the Company shall default in the payment
due) to convert the principal amount of any such Convertible Security, or, in the case of any
Convertible Security of a denomination greater than $1,000, any portion of such principal which is
$1,000 or an integral multiple thereof, into that number of fully paid and nonassessable shares of
Common Stock (as such shares shall then be constituted) obtained by dividing the principal amount
of the Convertible Security or portion thereof surrendered for conversion by the Conversion Price,
by surrender of the Convertible Security so to be converted in whole or in part in the manner
provided in Section 1903, Such conversion shall be effected by the Company.

          Section 1903. Exercise of Conversion Privilege: Delivery of Common Stock on
Conversion: No Adjustment for Interest or Dividends.

          In order to exercise the conversion privilege, the Holder of any Convertible Security to be
converted in whole or in part shall surrender such Convertible Security at an office or agency
maintained by the Company pursuant to Section 1002, accompanied by the funds, if
any, required by the last paragraph of this Section, together with written notice of
conversion, in the form provided on the Convertible Securities, that the Holder elects to convert
such Convertible Security or the portion thereof specified in said notice, Such notice shall also
state the name or names (with address) in which the certificate or certificates for shares of
Common Stock which shall be deliverable on such conversion shall be registered, and shall be
accompanied by transfer taxes, if required pursuant to Section 1908, Each Convertible Security
surrendered for conversion shall, unless the shares deliverable on conversion are to be registered
in the same name as the registration of such Convertible Security, be duly endorsed by, or
accompanied by instruments of transfer in form satisfactory to the Company duly executed by,
the Holder or such Holder’s duly authorized attorney.

          As promptly as practicable after the surrender of such Convertible Security and the receipt of
such notice and funds, if any, as aforesaid, the Company shall deliver at such office or agency to
such Holder, or on such Holder’s written order, a certificate or certificates for the number of
full shares deliverable upon the conversion of such Convertible Security or portion thereof in
accordance with the provisions of this Article and a check or cash in respect of any fractional
interest in respect of a share of Common Stock arising upon such conversion as provided in Section
1904, In case any Convertible Security of a denomination greater than $1,000 shall be surrendered
for partial conversion and subject to Section 302, the Company shall execute and the Trustee shall
authenticate and deliver to or upon the written order of the Holder of the Convertible Security so
surrendered, without charge to such Holder, a new Convertible Security or Convertible Securities in
authorized denominations in an aggregate principal amount equal to the unconverted portion of the
surrendered Convertible Security.

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          Each conversion shall be deemed to have been effected on the date on which such Convertible
Security shall have been surrendered (accompanied by the funds, if any, required by the last
paragraph of this Section) and such notice shall have been received by the Company, as aforesaid,
and the person in whose name any certificate or certificates for shares of Common Stock shall be
registrable upon such conversion shall be deemed to have become on said date the holder of record
of the shares represented thereby; provided however, that any such surrender on any date when the
stock transfer books of the Company shall be closed shall constitute the person in whose name the
certificates are to be registered as the record holder thereof for all purposes on the next
succeeding day on which stock transfer books are open, but such conversion shall be at the
Conversion Price in effect on the date upon which such Convertible Security shall have been
surrendered.

          Any Convertible Security or portion thereof surrendered for conversion during the period from
the close of business on the Regular Record Date for any Interest Payment Date to the opening of
business on such Interest Payment Date shall (unless such Convertible Security or portion thereof
being converted shall have been called for redemption or submitted for repayment on a date in such
period) be accompanied by payment, in legal tender or other funds acceptable to the Company, of an
amount equal to the interest otherwise payable on such interest Payment Date on the principal
amount being converted; provided, however, that no such payment need be made if there shall exist
at the time of conversion a default in the payment of interest on the Convertible Securities, An
amount equal to such payment shall be paid by the Company on such Interest Payment Date to the
Holder of such Convertible Security on such Regular Record Date, provided, however, that if the
Company shall default in the payment of
interest on such Interest Payment Date, such amount shall be paid to the person who made such
required payment, Except as provided above in this Section, no adjustment shall be made for
interest accrued on any Convertible Security converted or for dividends on any shares issued upon
the conversion of such Convertible Security as provided in this Article.

          Section 1904. Cash Payments in Lieu of Fractional Shares.

          No fractional shares of Common Stock or scrip representing fractional shares shall be
delivered upon conversion of Convertible Securities, If more than one Convertible Security shall be
surrendered for conversion at one time by the same Holder, the number of full shares which shall be
deliverable upon conversion shall be computed on the basis of the aggregate principal amount of the
Convertible Securities (or specified portions thereof to the extent permitted hereby) so
surrendered, If any fractional share of stock would be deliverable upon the conversion of any
Convertible Security or Convertible Securities, the Company shall make an adjustment therefor in
cash at the current market value of such fractional share of stock, The market value of a share of
Common Stock shall be the Closing Price on the Business Day immediately preceding the day on which
the Convertible Securities (or specified portions thereof) are deemed to have been converted.

          Section 1905. Conversion Price.

          The Conversion Price shall be as specified in the form of Convertible Security hereinabove set
forth, subject to adjustment as provided in this Article.

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          Section 1906. Adjustment to Conversion Price.

          The Conversion Price shall be adjusted from time to time as follows:

          (a) In case the Company shall (i) pay a dividend or make a distribution on the Common Stock in
shares of its capital stock (whether shares of Common Stock or of capital stock of any other
class), (ii) subdivide or reclassify its outstanding Common Stock into a greater number of
securities (including Common Stock), or (iii) combine or reclassify its outstanding Common Stock
into a smaller number of securities (including Common Stock), the Conversion Price in effect
immediately prior thereto shall be adjusted so that the Holder of any Convertible Security
thereafter surrendered for conversion shall be entitled to receive the number of shares of capital
stock of the Company which such Holder would have owned or have been entitled to receive after the
happening of any of the events described above had such Convertible Security been converted
immediately prior to the happening of such event, An adjustment made pursuant to this subsection
(a) shall become effective immediately after the record date in the case of a dividend and shall
become effective immediately after the effective date in the case of a subdivision or combination.
If, as a result of an adjustment made pursuant to this subsection (a), the Holder of any
Convertible Security thereafter surrendered for conversion shall become entitled to receive shares
of two or more classes of capital stock of the Company, the Board of
Directors of the Company (whose determination shall be conclusive and shall be described in a
written statement filed with the Trustee and any conversion agent) shall determine the allocation
of the adjusted Conversion Price between or among shares of such classes of capital stock.

          In the event that at any time, as a result of an adjustment made pursuant to this subsection
(a) of this Section 1906, the Holder of any Convertible Security thereafter converted shall become
entitled to receive any shares or other securities of the Company other than shares of Common
Stock, thereafter the number of such other shares so received upon conversion of any Convertible
Security shall be subject to adjustment from time to time in a manner and on terms as nearly
equivalent as practicable to the provisions with respect to the shares of Common Stock contained in
this Section 1906, and other provisions of this Article Nineteen with respect to the shares of
Common Stock shall apply on like terms to any such other shares or other securities.

          (b) In case the Company shall fix a record date for the issuance of rights or warrants to all
holders of its Common Stock (or securities convertible into Common Stock) entitling them (for a
period expiring within 45 days after such record date) to subscribe for or purchase Common Stock at
a price per share (or a conversion price per share) less than the current market price per share of
Common Stock (as defined in subsection (d) below) at such record date, the Conversion Price in
effect immediately prior thereto shall be adjusted so that the same shall equal the price
determined by multiplying the Conversion Price in effect immediately prior to such record date by a
fraction of which the numerator shall be the number of shares of Common Stock outstanding on such
record date plus the number of shares which the aggregate offering price of the total number of
shares so offered (or the aggregate initial conversion price of the convertible securities so
offered) would purchase at such current market price, and of which the denominator shall be the
number of shares of Common Stock outstanding on such record date plus the number of additional
shares of Common Stock offered for subscription or purchase (or into which the convertible
securities so offered are initially convertible), Such

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adjustment shall be made successively
whenever such a record date is fixed, and shall become effective immediately after such record
date, In determining whether any rights or warrants entitle the holders to subscribe for or
purchase shares of Common Stock at less than such current market price, and in determining the
aggregate offering price of such shares, there shall be taken into account any consideration
received by the Company for such rights or warrants, the value of such consideration, if other than
cash, to be determined by the Board of Directors of the Company, Common Stock owned by or held for
the account of the Company or any majority owned subsidiary shall not be deemed outstanding for the
purpose of any adjustment required under this subsection (b).

          (c) In case the Company shall fix a record date for making a distribution to all holders of
its Common Stock evidences of its indebtedness or assets (excluding regular quarterly or other
periodic or recurring cash dividends or distributions and cash dividends or distributions paid from
retained earnings of the Company or dividends or distributions referred to in subsection (a) above)
or rights or warrants to subscribe or purchase (excluding those referred to in subsection (b)
above), then in each such case the Conversion Price shall be adjusted so that the same shall equal
the price determined by multiplying the Conversion Price in effect immediately prior to such record
date by a fraction of which the numerator shall be the current market price per share (as defined
in subsection (d) below) of the Common Stock on such record date less the
then fair market value (as determined by the Board of Directors of the Company whose
determination shall be conclusive, and described in a certificate filed with the Trustee) of the
portion of the assets’ or evidences of indebtedness so distributed or of such rights or warrants
applicable to one share of Common Stock, and the denominator shall be the current market price
per share (as defined in subsection (d) below) of the Common Stock, Such adjustment shall be
made successively whenever such a record date is fixed and shall become effective immediately after
such record date, Notwithstanding the foregoing, in the event that the Company shall distribute any
rights or warrants to acquire capital stock (“Rights”) pursuant to this subsection (c), the
distribution of separate certificates representing such Rights subsequent to their initial
distribution (whether or not such distribution shall have occurred prior to the date of the
issuance of such Convertible Securities) shall be deemed to be the distribution of such Rights for
purposes of this subsection (c); provided that the Company may, in lieu of making any adjustment
pursuant to this subsection (c) upon a .distribution of separate certificates representing such
Rights, make proper provision so that each Holder of such Convertible Security who converts such
Convertible Security (or any portion thereof) (i) before the record date for such distribution of
separate certificates shall be entitled to receive upon such conversion shares of Common Stock
issued with Rights and (ii) after such record date and prior to the expiration, redemption or
termination of such Rights shall be entitled to receive upon such conversion, in addition to the
shares of Common Stock issuable upon such conversion, the same number of such Rights as would a
holder of the number of shares of Common Stock that such Convertible Security so converted would
have entitled the holder thereof to purchase in accordance with the terms and provisions of and
applicable to the Rights if such Convertible Security were converted immediately prior to the
record date for such distribution, Common Stock owned by or held for the account of the Company or
any majority owned subsidiary shall not be deemed outstanding for the purpose of any adjustment
required under this subsection (c).

          (d) For the purpose of any computation under subsection (b) and (c) above, the current market
price per share of Common Stock at any date shall be deemed to be the

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average of the daily Closing
Prices for the thirty consecutive days (which are not legal holidays as defined in Section 113)
commencing forty-five days (which are not legal holidays as defined in Section 113) before the day
in question, The Closing Price for any day shall be (i) if the Common Stock is listed or admitted
for trading on any national securities exchange, the last sale price (regular way), or the average
of the closing bid and ask prices if no sale occurred, of Common Stock on the principal securities
exchange on which the Common Stock is listed, or, if not listed or admitted to trading on any
national securities exchange, on the National Market System of the National Association of
Securities Dealers, Inc, Automated Quotations System (“NASDAQ”), (ii) if not listed or quoted as
described in (i), the mean between the closing high bid and low asked quotations of Common Stock
reported by NASDAQ, or any similar system or automated dissemination of quotations of securities
prices then in common use, if so quoted, or (iii) if not quoted as described in clause (ii), the
mean between the high bid and low asked quotations for Common Stock as reported by the National
Quotation Bureau Incorporated if at least two securities dealers have inserted both bid and asked
quotations for Common Stock on at least 5 of the 10 preceding days, If none of the conditions set
forth above is met, the Closing Price of Common Stock on any day or the average of such Closing
Prices for any period shall be the fair market value of Common Stock as determined by a member firm
of the New- York Stock Exchange, Inc, selected by the Company.

          (e)(i) Nothing contained herein shall be construed to require an adjustment in the Conversion
Price as a result of the issuance of Common Stock pursuant to, or the granting or exercise of any
rights under, the IndyMac Bancorp, Inc. Dividend Reinvestment and Optional Cash Payment Plan.

          (ii) In addition, no adjustment in the Conversion Price shall be required unless such
adjustment would require an increase or decrease of at least 1% in such price: provided, however,
that any adjustments which by reason of this subsection (e)(ii) are not required to be made shall
be carried forward and taken into account in any subsequent adjustment, further provided; however,
that any adjustments which by reason of this subsection (e)(ii) are not otherwise required to be
made shall be made no later than 3 years after the date on which occurs an event that requires an
adjustment to be made or carried forward.

          (iii) All calculations under this Article Nineteen shall be made to the nearest cent or to the
nearest one-hundredth of a share, as the case may be, Anything in this Section 1906 to the contrary
notwithstanding, the Company shall be entitled to make such reductions in the Conversion Price, in
addition to those required by this Section 1906, as it in its discretion shall determine to be
advisable in order that any stock dividends, subdivision of shares, distribution of rights to
purchase stock or securities, or distribution of securities convertible into or exchangeable for
stock hereafter made by the Company to its shareholders shall not be taxable.

          (f) Whenever the Conversion Price is adjusted, as herein provided, the Company shall promptly
file with the Trustee and any conversion agent other than the Trustee an Officers’ Certificate
setting forth the Conversion Price after such adjustment and setting forth a brief statement of the
facts requiring such adjustment, Promptly after delivery of such certificate, the Company shall
prepare a notice of such adjustment of the Conversion Price setting forth the adjusted Conversion
Price and the date on which such adjustment becomes effective and shall mail such notice of such
adjustment of the Conversion Price to the Holder of each Convertible

97

 

Security at such Holder’s last
address appearing on the Security Register provided for in Section 305 of this Indenture.

          (g) In any case in which this Section 1906 provides that an adjustment shall become effective
immediately after a record date for an event, the Company may defer until the occurrence of such
event (i) delivering to the Holder of any Convertible Security converted after such record date and
before the occurrence of such event the additional shares of Common Stock deliverable upon such
conversion by reason of the adjustment required by such event over and above the Common Stock
deliverable upon such conversion before giving effect to such adjustment and (ii) paying to such
Holder any amount in cash in lieu of any fraction pursuant to Section 1904, provided, however, that
the Company shall deliver to such Holder a due bill or other appropriate instrument evidencing such
Holder’s rights to receive such additional shares, and such cash, upon the occurrence of the event
requiring such adjustment, If such event does not occur, no adjustments shall be made pursuant to
this Section 1906.

          Section 1907. Effect of Reclassification, Consolidation, Merger or Sale.

     If any of the following events occur, namely (i) any reclassification or change of outstanding
shares of Common Stock deliverable upon conversion of the Convertible Securities (other than a
change in par value, or from par value to no par value, or from no par value to par value, or as a
result of a subdivision or combination, but including any change in the shares of Common Stock into
two or more classes or series of securities), (ii) any consolidation or merger
to which the Company is a party (other than a consolidation or merger in which the Company is
the continuing corporation and which does not result in any reclassification of, or change (other
than a change in par value, or from par value to no par value, or from no par value to par value,
or as a result of a subdivision or combination) in, outstanding shares of its Common Stock) or
(iii) any sale or conveyance of the properties and assets of the Company as, or substantially as,
an entirety to any other corporation: then the Company, or such successor or purchasing
corporation, as the case may be, shall execute with the Trustee a supplemental indenture (which
shall conform to the Trust Indenture Act as in force at the date of execution of such supplemental
indenture and comply with the provisions of Article Nine) providing that each Convertible Security
shall be convertible into the kind and amount of shares of stock and other securities or property,
including cash, receivable upon such reclassification, change, consolidation, merger, sale or
conveyance by a holder of a number of shares of Common Stock deliverable upon conversion of such
Convertible Securities immediately prior to such reclassification, change, consolidation, merger,
sale or conveyance, Such supplemental indenture shall provide for adjustments which shall be as
nearly equivalent as may be practicable to the adjustments provided for in this Article, The
Company shall cause notice of the execution of such supplemental indenture to be mailed to each
holder of Convertible Securities, at his address appearing on the Security Register provided for in
Section 305 of this Indenture.

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

98

 

          Section 1908. Taxes on Shares Issued.

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

          Section 1909. Shares to be Fully Paid; Compliance with Governmental Requirements:
Listing of Common Stock.

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

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

          The Company further covenants that it will, if permitted by the rules of the New York Stock
Exchange, list and keep listed for so long as the Common Stock shall be so listed on such exchange,
upon official notice of issuance, all Common Stock deliverable upon conversion of the Convertible
Securities.

          Section 1910. Trustee Not Responsible.

          Neither the Trustee nor any authenticating agent nor any conversion agent shall at any time be
under any duty or responsibility to any Holder of Convertible Securities to determine whether any
facts exist which may require any adjustment of the Conversion Price, or with respect to the nature
or extent of any such adjustment when made, or with respect to the method employed, or herein or in
any supplemental indenture provided to be employed, in making the same, Neither the Trustee nor any
authenticating agent nor any conversion agent shall be accountable with respect to the validity or
value (or the kind or amount) of any shares of Common Stock, or of any securities or property,
which may at any time be delivered upon the conversion of any Convertible Security, and neither the
Trustee nor any authenticating agent nor any conversion agent makes any representation with respect
thereto, Subject to the provisions of Section 601, neither the Trustee nor any authenticating agent
nor any conversion agent shall be responsible for any failure of the Company to deliver any shares
of Common Stock or stock certificates or other securities or property or cash upon the surrender of
any Convertible Security for the purpose of conversion or for any failure of the Company to comply
with any of the covenants of the Company contained in this Article.

99

 

          Section 1911. Notice to Holders Prior to Certain Actions.

          In case:

     (a) the Company shall declare a dividend (or any other distribution) on the Common
Stock (other than in cash out of its current or retained earnings); or

     (b) the Company shall authorize the granting to the holders of the Common Stock of
rights or warrants to subscribe for or purchase any share of any class or any other rights
or warrants: or

     (c) of any reclassification or change of the Common Stock (other than a subdivision or
combination of its outstanding Common Stock, or a change in par value, or from par value to
no par value, or from no par value to par value) or of any consolidation or merger to which
the Company is a party and for which approval of any stockholders of the Corporation is
required or of the sale or transfer of all or substantially all of the assets of the
Company: or

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

the Company shall cause to be filed with the Trustee and the Company shall cause to be mailed to
each holder of Convertible Securities at his address appearing on the Security Register, provided
for in Section 305 of this Indenture, as promptly as possible but in any event no less than fifteen
days prior to the applicable date hereinafter specified, a notice stating (x) the date on which a
record is to be taken for the purpose of such dividend, distribution, rights or warrants, or, if a
record is not to be taken, the date as of which the holders of Common Stock of record to be
entitled to such dividend, distribution, rights or warrants are to be determined, or (y) the date
on which such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or
winding up is expected to become effective, and the date as of which it is expected that holders of
Common Stock of record shall be entitled to exchange their Common Stock for securities or other
property deliverable upon such reclassification, consolidation, merger, sale, transfer,
dissolution, liquidation or winding up, Failure to give such notice, or any defect therein, shall
not affect the legality or validity of such dividend, distribution, reclassification,
consolidation, merger, sale, transfer, dissolution, liquidation or winding up or any adjustment in
the Conversion Price required by this Article Nineteen.

          Section 1912. Covenant to Reserve Shares.

          The Company covenants that it will at all times reserve and keep available, free from
pre-emptive rights, out of its authorized but unissued Common Stock, such number of shares of
Common Stock as shall then be deliverable upon the conversion of all outstanding Convertible
Securities.

100

 

Exhibit 4.2

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the day and year
first above written.

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 	 	INDYMAC BANCORP, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

[CORPORATE SEAL]

Attest:

 

Its: 
 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 

[CORPORATE SEAL]

Attest:

Its:
 

Its:
 

1

 

Exhibit 4.2

	 	 	 	 	 	 	 
	 

	 	STATE OF 
 

	)	 	 	 
	 

	 	 	)SS.	 

	 

	 	COUNTY OF
 

	  ) 	 	 	 

     On the [___] day of [___], before me personally came [___] to me known,
who, being duly sworn, did depose and say that he resides at [___], [___];
that he is a[n] [___] of [___], a corporation described in and which
executed the above instrument; that he knows the seal of said corporation; that it was so affixed
pursuant to the authority of the Board of Directors of said corporation; and that [___] signed
[___] name thereto pursuant to like authority.

1

 

Exhibit 4.2

	 	 	 	 	 	 	 
	 

	 	STATE OF 
 

	)	 	 	 
	 

	 	 	)SS.	 

	 

	 	COUNTY OF
 

	  ) 	 	 	 

     On the [___] day of [___], before me personally came [___], to me known, who,
being duly sworn, did depose and say that she is a [___] of The Bank of New York, a
New York banking corporation described in and which executed the above instrument; that [___]
knows the seal of said corporation; that it was so affixed pursuant to the authority of the Board
of Directors of said corporation; and that [___] signed [___] name thereto pursuant to like
authority.

1

 

Exhibit 4.2

EXHIBIT A-1

[Form of Certificate of Beneficial Ownership by a

Non-United States Person or by Certain Other Persons]

Certificate

INDYMAC BANCORP, INC.

[Insert title or sufficient description of

Debt Securities to be delivered]

     Reference is hereby made to the Indenture dated as of [___] (the “Indenture’’)
between IndyMac Bancorp, Inc. and The Bank of New York (the “Trustee”), covering the above
captioned Debt Securities. This is to certify that as of the date hereof, principal amount of Debt
Securities credited to you for our account (i) is owned by persons that are not United States
Persons, as defined below; (ii) is owned by United States Persons that are (a) foreign branches of
United States financial institutions (as defined in U.S. Treasury Regulations Section
1.165-12(c)(1)(v)) (“financial institutions”) purchasing for their own account or for resale, or
(b) United States Persons who acquired the Debt Securities through foreign branches of United
States financial institutions and who hold the Debt Securities through such United States financial
institutions on the date hereof (and in either case (a) or (b), each such United States financial
institution encloses herewith a certificate in the form of Exhibit A-2 to the Indenture); or (iii)
is owned by United States or foreign financial institutions for purposes of resale during the
restricted period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), which
United States or foreign financial institutions described in clause (iii) above (whether or not
also described in clause (i) or (ii)) certify that they have not acquired the Debt Securities for
purposes of resale directly or indirectly to a United States Person or to a person within the
United States or its possessions.

     [Insert if certificate does not relate to an interest payment. We undertake to advise you by
tested telex followed by written confirmation if the above statement as to beneficial ownership is
not correct on the date of delivery of the above-captioned Debt Securities in bearer form as to all
of such Debt Securities with respect to such of said Debt Securities as then appear in your books
as being held for our account.] We understand that this certificate is required in connection with
United States tax laws. We irrevocably authorize you to produce this certificate or a copy hereof
to any interested party in any administrative or legal proceedings with respect to the matters
covered by this certificate. “United States Person” shall mean a citizen or resident of the United
States of America (including the District of Columbia), a corporation, partnership or other entity
created or organized in or under the laws of the United States or any political subdivision thereof
or an estate or trust that is subject to United States Federal income taxation regardless of the
source of its income.

     [This certificate excepts and does not relate to principal amount of Debt Securities credited
to you for our account and to which we are not now able to make the certification set forth above.
We understand that definitive Debt Securities cannot be delivered and interest

1

 

cannot be paid until we are able to so certify with respect to such principal amount of Debt
Securities.]*

Dated: 
 

[To be dated on or after 
 

the date determined as provided in the Indenture)]

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	[Name of Person Entitled to Receive Bearer
Security]	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	               (Authorized Signatory)	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

 

*Delete if inappropriate

2

 

Exhibit 4.2

EXHIBIT A-2

[Form of Certificate of Status as a

Foreign Branch of a United States Financial Institution]

Certificate

INDYMAC BANCORP, INC.

[Insert title or sufficient description of

Debt Securities to be delivered]

     Reference is hereby made to the Indenture dated as of [___] (the “Indenture”),
between IndyMac Bancorp, Inc. and The Bank of New York, relating to the offering of the above
captioned Debt Securities (the “Debt Securities”). Unless herein defined, terms used herein have
the same meaning as given to them in the Indenture.

     The undersigned represents that it is a branch located outside the United States of a United
States securities clearing organization, bank or other financial institution (as defined in U.S.
Treasury Regulation Section 1.165-12(c)(1)(v)) that holds customers’ securities in the ordinary
course of its trade or business and agrees, and authorizes you to advise the issuer or the issuers
agent, that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the
Internal Revenue Code of 1986 and the regulations thereunder and is not purchasing for resale
directly or indirectly to a United States Person or to a person within the United States or its
possessions. We undertake to advise you by tested telex followed by written confirmation if the
statement in the immediately preceding sentence is not correct on the date of delivery of the
above-captioned Debt Securities in bearer form.

     We understand that this certificate is required in connection with the United States tax laws.
We irrevocably authorize you to produce this certificate or a copy hereof to any interested party
in any administrative or legal proceedings with respect to the matters covered by this certificate.

Dated: 
 

[To be dated on or after 
 

(the date determined as provided in the Indenture)

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	[Name of Person Entitled to Receive Bearer
Security]	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	               (Authorized Signatory)	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

1

 

Exhibit 4.2

EXHIBIT B

[Form of Certificate to be Given by Euroclear and Clearstream.

in Connection with the Exchange of All or a Portion of a

Temporary Global Security or to Obtain

Interest Prior to Exchange]

Certificate

INDYMAC BANCORP, INC.

[Insert title or sufficient description of Debt Securities to be delivered]

     We refer to that portion, ___, of the Global Security representing the above-captioned
issue [which is herewith submitted to be exchanged for definitive Debt Securities]* [for which we
are seeking to obtain payment of interest]* (the “Submitted Portion”). This is to certify, pursuant
to the Indenture dated as of [___] (the “Indenture”) between IndyMac Bancorp, Inc. and The
Bank of New York (the “Trustee”), that we have received in writing, by tested telex or by
electronic transmission from member organizations with respect to each of the persons appearing in
our records as being entitled to a beneficial interest in the Submitted Portion a Certificate of
Beneficial Ownership by a Non-United States Person or by Certain Other Persons [and, in some cases,
a Certificate of Status as a Foreign Branch of a United States Financial Institution, authorizing
us to inform the issuer or the issuer’s agent that it will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the regulations thereunder]*
substantially in the form of Exhibit A-1 [and A-2]* to the Indenture.

     We hereby request that you deliver to the office of ___in ___
definitive Bearer Securities in the denominations on the attached Schedule A.

     We further certify that as of the date hereof we have not received any notification from any
of the persons giving such certificates to the effect that the statements made by them with respect
to any part of the Submitted Portion are no longer true and cannot be relied on as of the date
hereof.

Dated: 
 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	[EUROCLEAR BANK S.A./N.V., as Operator of the
Euroclear System] [CLEARSTREAM BANKING S.A.]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

 

*Delete if inappropriate.

1

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