Document:

<PAGE>

                                                                     Exhibit 4.1

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                            NATIONAL CITY CORPORATION

                                       TO

                     BANK OF NEW YORK, NATIONAL ASSOCIATION

                                     TRUSTEE

                                   ----------

                          JUNIOR SUBORDINATED INDENTURE

                          DATED AS OF NOVEMBER 3, 2006

================================================================================

<PAGE>

                            NATIONAL CITY CORPORATION

     Reconciliation and tie between the Trust Indenture Act of 1939 (including
cross-references to provisions of Sections 310 to and including 317 which,
pursuant to Section 318(c) of the Trust Indenture Act of 1939, as amended by the
Trust Reform Act of 1990, are a part of and govern this Indenture (whether or
not physically contained therein), dated as of November 3, 2006.

<TABLE>
<S>                                                          <C>
Section 310(a) (1), (2) and (5)...........................   6.9
(a) (3) ..................................................   Not Applicable
(a) (4)...................................................   Not Applicable
(b).......................................................   6.8, 6.10
(c).......................................................   Not Applicable
Section 311...............................................   6.13
Section 312 (a)...........................................   7.1, 7.2(a)
(b).......................................................   7.2(b)
(c).......................................................   7.2(c)
Section 313 (a)...........................................   7.3(a)
(b).......................................................   7.3(b)
(c).......................................................   1.5, 7.3(a), 7.3(b)
(d).......................................................   7.3(c)
Section 314 (a) (1), (2) and (3)..........................   7.4
(a) (4)...................................................   10.4
(b).......................................................   Not Applicable
(c) (1)...................................................   1.2
(c) (2)...................................................   1.2
(c) (3)...................................................   Not Applicable
(d).......................................................   Not Applicable
(e).......................................................   1.2
(f).......................................................   Not Applicable
Section 315 (a)...........................................   6.1(a)
(b).......................................................   6.2
(c).......................................................   6.1(b)
(d).......................................................   6.1(c)
(d) (1)...................................................   6.1(a)(1)
(d) (2)...................................................   6.1(c)(2)
(d) (3)...................................................   6.1(c)(3)
(e).......................................................   5.14
Section 316(a) (1) (A)....................................   5.12
(a) (1) (B)...............................................   5.13
(a) (2)...................................................   Not Applicable
(b).......................................................   5.8
(c).......................................................   1.4(f)
Section 317 (a) (1).......................................   5.3
(a) (2)...................................................   5.4
(b).......................................................   10.3
Section 318 (a)...........................................   1.7
</TABLE>

<PAGE>

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

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            PAGE
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<S>                                                                         <C>
ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION........     1
   Section 1.1.   Definitions............................................     1
   Section 1.2.   Compliance Certificate and Opinions....................     8
   Section 1.3.   Forms of Documents Delivered to Trustee................     9
   Section 1.4.   Acts of Holders........................................    10
   Section 1.5.   Notices, Etc. to Trustee and Company...................    12
   Section 1.6.   Notice to Holders; Waiver..............................    12
   Section 1.7.   Conflict with Trust Indenture Act......................    12
   Section 1.8.   Effect of Headings and Table of Contents...............    12
   Section 1.9.   Successors and Assigns.................................    12
   Section 1.10.  Separability Clause....................................    13
   Section 1.11.  Benefits of Indenture..................................    13
   Section 1.12.  Governing Law..........................................    13
   Section 1.13.  Non-Business Days......................................    13

ARTICLE II SECURITY FORMS................................................    13
   Section 2.1.   Forms Generally........................................    13
   Section 2.2.   Form of Face of Security...............................    14
   Section 2.3.   Form of Reverse of Security............................    17
   Section 2.4.   Additional Provisions Required in Global Security......    19
   Section 2.5.   Form of Trustee's Certificate of Authentication........    20

ARTICLE III THE SECURITIES...............................................    20
   Section 3.1.   Title and Terms........................................    20
   Section 3.2.   Denominations..........................................    22
   Section 3.3.   Execution, Authentication, Delivery and Dating.........    23
   Section 3.4.   Temporary Securities...................................    24
   Section 3.5.   Registration, Transfer and Exchange....................    24
   Section 3.6.   Mutilated, Destroyed, Lost and Stolen Securities.......    26
   Section 3.7.   Payment of Interest; Interest Rights Preserved.........    27
   Section 3.8.   Persons Deemed Owners..................................    28
   Section 3.9.   Cancellation...........................................    28
   Section 3.10.  Computation of Interest................................    28
   Section 3.11.  Deferrals of Interest Payment Dates....................    29
   Section 3.12.  Right of Set-Off.......................................    30
   Section 3.13.  Agreed Tax Treatment...................................    30
   Section 3.14.  Shortening or Extension of Stated Maturity.............    30
   Section 3.15.  CUSIP Numbers..........................................    30

ARTICLE IV SATISFACTION AND DISCHARGE....................................    31
   Section 4.1.   Satisfaction and Discharge of Indenture................    31
   Section 4.2.   Application of Trust Money.............................    32

ARTICLE V REMEDIES.......................................................    32
</TABLE>

                                       -i-

<PAGE>

                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                            PAGE
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<S>                                                                         <C>
   Section 5.1.   Events of Default......................................    32
   Section 5.2.   Acceleration of Maturity; Rescission and Annulment.....    33
   Section 5.3.   Collection of Indebtedness and Suits for Enforcement by
                  Trustee................................................    34
   Section 5.4.   Trustee May File Proofs of Claim.......................    34
   Section 5.5.   Trustee May Enforce Claim Without Possession of
                  Securities.............................................    35
   Section 5.6.   Application of Money Collected.........................    35
   Section 5.7.   Limitation on Suits....................................    36
   Section 5.8.   Unconditional Right of Holders to Receive Principal,
                  Premium and Interest; Direct Action by Holders of
                  Capital Securities.....................................    36
   Section 5.9.   Restoration of Rights and Remedies.....................    37
   Section 5.10.  Rights and Remedies Cumulative.........................    37
   Section 5.11.  Delay or Omission Not Waiver...........................    37
   Section 5.12.  Control by Holders.....................................    37
   Section 5.13.  Waiver of Past Defaults................................    38
   Section 5.14.  Undertaking for Costs..................................    38
   Section 5.15.  Waiver of Usury, Stay or Extension Laws................    39

ARTICLE VI THE TRUSTEE...................................................    39
   Section 6.1.   Certain Duties and Responsibilities....................    39
   Section 6.2.   Certain Rights of Trustee..............................    39
   Section 6.3.   Not Responsible for Recitals or Issuance of
                  Securities.............................................    40
   Section 6.4.   May Hold Securities....................................    41
   Section 6.5.   Money Held in Trust....................................    41
   Section 6.6.   Compensation and Reimbursement.........................    41
   Section 6.7.   Corporate Trustee Required; Eligibility; Conflicting
                  Interests..............................................    42
   Section 6.8.   Resignation and Removal; Appointment of Successor......    42
   Section 6.9.   Acceptance of Appointment by Successor.................    44
   Section 6.10.  Merger, Conversion, Consolidation or Succession to
                  Business...............................................    45
   Section 6.11.  Appointment of Authenticating Agent....................    45

ARTICLE VII HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY............    48
   Section 7.1.   Company to Furnish Trustee Names and Addresses of
                  Holders................................................    48
   Section 7.2.   Preservation of Information, Communications to
                  Holders................................................    48
   Section 7.3.   Reports by Trustee.....................................    48
   Section 7.4.   Reports by Company.....................................    49

ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE.........   49
   Section 8.1.   Company May Consolidate, Etc., Only on Certain Terms...    49
   Section 8.2.   Successor Corporation Substituted......................    50

ARTICLE IX SUPPLEMENTAL INDENTURES.......................................    50
   Section 9.1.   Supplemental Indentures without Consent of Holders.....    50
   Section 9.2.   Supplemental Indentures with Consent of Holders........    52
   Section 9.3.   Execution of Supplemental Indentures...................    53
</TABLE>

                                      -ii-

<PAGE>

                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
   Section 9.4.   Effect of Supplemental Indentures......................    53
   Section 9.5.   Conformity with Trust Indenture Act....................    53
   Section 9.6.   Reference in Securities to Supplemental Indentures.....    53

ARTICLE X COVENANTS......................................................    54
   Section 10.1.  Payment of Principal, Premium and Interest.............    54
   Section 10.2.  Maintenance of Office or Agency........................    54
   Section 10.3.  Money for Security Payments to be Held in Trust........    54
   Section 10.4.  Statement as to Compliance.............................    56
   Section 10.5.  Waiver of Certain Covenants............................    56
   Section 10.6.  Additional Sums........................................    56
   Section 10.7.  Additional Covenants...................................    57

ARTICLE XI REDEMPTION OF SECURITIES......................................    58
   Section 11.1.  Applicability of This Article..........................    58
   Section 11.2.  Election to Redeem; Notice to Trustee..................    58
   Section 11.3.  Selection of Securities to be Redeemed.................    58
   Section 11.4.  Notice of Redemption...................................    59
   Section 11.5.  Deposit of Redemption Price............................    59
   Section 11.6.  Payment of Securities Called for Redemption............    60
   Section 11.7.  Right of Redemption of Securities Initially Issued to a
                  National City Trust....................................    60

ARTICLE XII SINKING FUNDS................................................    60
   Section 12.1.  Applicability of Article...............................    60
   Section 12.2.  Satisfaction of Sinking Fund Payments with Securities..    61
   Section 12.3.  Redemption of Securities for Sinking Fund..............    61

ARTICLE XIII SUBORDINATION OF SECURITIES.................................    63
   Section 13.1.  Securities Subordinate to Senior and Subordinated Debt.    63
   Section 13.2.  Payment Over of Proceeds Upon Dissolution, Etc.........    63
   Section 13.3.  Prior Payment to Senior and Subordinated Debt Upon
                  Acceleration of Securities.............................    64
   Section 13.4.  No Payment When Senior and Subordinated Debt in
                  Default................................................    64
   Section 13.5.  Payment Permitted If No Default........................    65
   Section 13.6.  Subrogation to Rights of Holders of Senior and
                  Subordinated Debt......................................    65
   Section 13.7.  Provisions Solely to Define Relative Rights............    66
   Section 13.8.  Trustee to Effectuate Subordination....................    66
   Section 13.9.  No Waiver of Subordination Provisions..................    66
   Section 13.10. Notice to Trustee......................................    67
   Section 13.11. Reliance on Judicial Order or Certificate of
                  Liquidating Agent......................................    68
   Section 13.12. Trustee Not Fiduciary for Holders of Senior and
                  Subordinated Debt......................................    68
   Section 13.13. Rights of Trustee as Holder of Senior and Subordinated
                  Debt; Preservation of Trustee's Rights.................    68
   Section 13.14. Article Applicable to Paying Agents....................    68
   Section 13.15. Certain Conversions or Exchanges Deemed Payment........    68
</TABLE>

                                      -iii-
<PAGE>

     JUNIOR SUBORDINATED INDENTURE (hereinafter called the "Indenture") between
NATIONAL CITY CORPORATION, a Delaware corporation (hereinafter called the
"Company") having its principal office at 1900 East Ninth Street, Cleveland,
Ohio 44114, and THE BANK OF NEW YORK, a national banking association organized
and existing under the laws of the United States of America, as Trustee
(hereinafter called the "Trustee").

                             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 unsecured junior
subordinated debt securities in series (hereinafter called the "Securities") of
substantially the tenor hereinafter provided, including, without limitation,
Securities issued to evidence loans made to the Company of the proceeds from the
issuance from time to time by one or more business trusts (each a "National City
Trust," and, collectively, the "National City Trusts") of preferred trust
interests in such Trusts (the "Capital Securities") and common interests in such
Trusts (the "Common Securities" and, collectively with the Capital Securities,
the Trust Securities), and to provide the terms and conditions upon which the
Securities are to be authenticated, issued and delivered.

     All things necessary to make the Securities, when executed by the Company
and authenticated and delivered hereunder and duly issued by the Company the
valid obligations of the Company, and to make this Indenture a valid agreement
of the Company, in accordance with their and its terms, have been done.

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

                                   ARTICLE I

             DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

Section 1.1. Definitions.

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

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

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

     (3) All accounting terms not otherwise defined herein have the meanings
assigned to them in accordance with generally accepted accounting principles,
and the term "generally accepted accounting principles" with respect to any
computation required or permitted hereunder shall mean such accounting
principles which are generally accepted in the United States at the

                                      -1-

<PAGE>

date or time of such computation; provided, that when two or more principles are
so generally accepted, it shall mean that set of principles consistent with
those in use by the Company; and

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

     "Act" when used with respect to any Holder has the meaning specified in
Section 1.4.

     "Additional Interest" means the interest, if any, that shall accrue on any
interest on the Securities of any series the payment of which has not been made
on the applicable Interest Payment Date and which shall accrue at the rate per
annum specified or determined as specified in such Security.

     "Additional Sums" has the meaning specified in Section 10.6.

     "Additional Taxes" means the sum of any additional taxes, duties and other
governmental charges to which a National City Trust has become subject from time
to time as a result of a Tax Event.

     "Administrative Trustee" means, in respect of any National City Trust, each
Person identified as an "Administrative Trustee" or an "Administrative Agent" in
the related Trust Agreement, solely in such Person's capacity as Administrative
Trustee or an Administrative Agent, as the case may be, of such National City
Trust under such Trust Agreement and not in such Person's individual capacity,
or any successor administrative trustee or successor administrative agent, as
the case may be, appointed as therein provided.

     "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; provided, however, no National City Trust to
which Securities have been issued shall be deemed to be an Affiliate of the
Company.

     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.

     "Allocable Amounts," when used with respect to any Senior and Subordinated
Debt, means all amounts due or to become due on such Senior and Subordinated
Debt less, if applicable, any amount which would have been paid to, and retained
by, the holders of such Senior and Subordinated Debt (whether as a result of the
receipt of payments by the holders of such Senior and Subordinated Debt from the
Company or any other obligor thereon or from any holders of, or trustee in
respect of, other indebtedness that is subordinate and junior in right of
payment to such Senior and Subordinated Debt pursuant to any provision of such
indebtedness for the payment over of amounts received on account of such
indebtedness to the holders of such Senior and Subordinated Debt or otherwise)
but for the fact that such Senior and Subordinated Debt is subordinate or junior
in right of payment to (or subject to a requirement that amounts received on
such Senior and Subordinated Debt be paid over to obligees on) trade accounts
payable or accrued liabilities arising in the ordinary course of business.

                                      -2-

<PAGE>

     "Authenticating Agent" means any Person authorized by the Trustee pursuant
to Section 6.11 to act on behalf of the Trustee to authenticate Securities of
one or more series.

     "Board of Directors" means either the board of directors of the Company or
any committee of that board duly authorized to act hereunder.

     "Board Resolution" means a copy of a resolution certified by the Secretary
or an Assistant Secretary of the Company to have been duly adopted by the Board
of Directors, or such committee of the Board of Directors or officers of the
Company to which authority to act on behalf of the Board of Directors has been
delegated, and to be in full force and effect on the date of such certification,
and delivered to the Trustee.

     "Business Day" means any day other than (i) a Saturday or Sunday, (ii) a
day on which banking institutions in The City of New York are authorized or
required by law or executive order to remain closed or (iii) a day on which the
Corporate Trust Office of the Trustee, or, with respect to the Securities of a
series initially issued to a National City Trust, the principal office of the
Property Trustee under the related Trust Agreement, is closed for business.

     "Capital Securities" has the meaning specified in the first recital of this
Indenture.

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

     "Common Securities" has the meaning specified in the first recital of this
Indenture.

     "Common Stock" means the common stock, par value $4.00 per share, of the
Company.

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

     "Company Request" and "Company Order" mean, respectively, the written
request or order signed in the name of the Company by the Chairman of the Board
of Directors, the Vice Chairman of the Board of Directors, its President or a
Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or
an Assistant Secretary of the Company, and delivered to the Trustee.

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

     "Corporation" includes a corporation, association, company, joint-stock
company or business trust.

     "Debt" means, with respect to any Person, whether recourse is to all or a
portion of the assets of such Person and whether or not contingent, (i) every
obligation of such Person for money borrowed; (ii) every obligation of such
Person evidenced by bonds, debentures, notes or

                                      -3-

<PAGE>

other similar instruments, including obligations incurred in connection with the
acquisition of property, assets or businesses; (iii) every reimbursement
obligation of such Person with respect to letters of credit, bankers'
acceptances or similar facilities issued for the account of such Person; (iv)
every obligation of such Person issued or assumed as the deferred purchase price
of property or services (but excluding trade accounts payable or accrued
liabilities arising in the ordinary course of business); (v) every capital lease
obligation of such Person; (vi) all indebtedness of such Person whether incurred
on or prior to the date of this Indenture or thereafter incurred, for claims in
respect of derivative products, including interest rate, foreign exchange rate
and commodity forward contracts, options and swaps and similar arrangements; and
(vii) every obligation of the type referred to in clauses (i) through (vi) of
another Person and all dividends of another Person the payment of which, in
either case, such Person has guaranteed or is responsible or liable for,
directly or indirectly, as obligor or otherwise.

     "Defaulted Interest" has the meaning specified in Section 3.7.

     "Depositary" means, with respect to the Securities of any series issuable
or issued in whole or in part in the form of one or more Global Securities, the
Person designated as Depositary by the Company pursuant to Section 3.1 with
respect to such series (or any successor thereto).

     "Discount Security" means any 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 5.2.

     "Distributions," with respect to the Trust Securities issued by a National
City Trust, means amounts payable in respect of such Trust Securities as
provided in the related Trust Agreement and referred to therein as
"Distributions."

     "Dollar" or "U.S. $" means the currency of the United States of America
that, as at the time of payment, is legal tender for the payment of public and
private debts.

     "Event of Default" has the meaning specified in Article V unless otherwise
specified in the supplemental indenture or the Officers' Certificate delivered
pursuant to Section 3.1 hereof creating a series of Securities.

     "Exchange Act" means the Securities Exchange Act of 1934 and any statute
successor thereto, in each case as amended from time to time.

     "Extension Period" has the meaning specified in Section 3.11.

     "Global Security" means a Security in the form prescribed in Section 2.4
evidencing all or part of a series of Securities, issued to the Depositary or
its nominee for such series, and registered in the name of such Depositary or
its nominee.

     "Guarantee Agreement" means the Guarantee Agreement substantially in the
form attached hereto as Annex C, or substantially in such form as may be
specified as contemplated by Section 3.1 with respect to the Securities of any
series, in each case as amended from time to time.

                                      -4-

<PAGE>

     "Holder" means a Person in whose name a Security is registered in the
Securities Register.

     "Indenture" means this instrument as originally executed or as it may from
time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof or one or more
Officers' Certificates delivered pursuant to Section 3.1 and shall include the
terms of each particular series of Securities established as contemplated by
Section 3.1.

     "Interest Payment Date" means as to each series of Securities, the Stated
Maturity of an installment of interest on such Securities.

     "Junior Subordinated Payment" has the meaning specified in Section 13.2.

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

     "Moody's" means Moody's Investors Service, Inc.

     "National City Guarantee" means the guarantee by the Company of
distributions on the Capital Securities of a National City Trust to the extent
provided in the related Guarantee Agreement.

     "National City Trust" has the meaning specified in the first recital of
this Indenture.

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

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

     "Original Issue Date" means the date of issuance specified as such in each
Security.

     "Outstanding" means, when used in reference to any Securities, as of the
date of determination, all Securities theretofore authenticated and delivered
under this Indenture, except:

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

     (ii) Securities for whose payment money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent in trust for the
Holders of such Securities; and

     (iii) Securities in substitution for or in lieu of which other Securities
have been authenticated and delivered or which have been paid pursuant to
Section 3.6, unless proof

                                      -5-

<PAGE>

satisfactory to the Trustee is presented that any such Securities are held by
Holders in whose hands such Securities are valid, binding and legal obligations
of the Company;

     provided, however, that in determining whether the Holders of the requisite
principal amount of Outstanding Securities have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, Securities owned
by the Company or any other obligor upon the Securities or any Affiliate of the
Company or such other obligor shall be disregarded and deemed not to be
Outstanding, except that, in determining whether the Trustee shall be protected
in relying upon any such request, demand, authorization, direction, notice,
consent or waiver, only Securities which the Trustee knows to be so owned shall
be so disregarded. Securities so owned which have been pledged in good faith may
be regarded as Outstanding if the pledgee establishes to the satisfaction of the
Trustee the pledgee's right so to act with respect to such Securities and that
the pledgee is not the Company or any other obligor upon the Securities or any
Affiliate of the Company or such other obligor. Upon the written request of the
Trustee, the Company shall promptly furnish to the Trustee an Officers'
Certificate listing and identifying all Securities, if any, known by the Company
to be owned or held by or for the account of the Company, or any other obligor
on the Securities or any Affiliate of the Company or such obligor, and, subject
to the provisions of Section 6.2, the Trustee shall be entitled to accept such
Officers' Certificate as conclusive evidence of the facts therein set forth and
of the fact that all Securities not listed therein are Outstanding for the
purpose of any such determination.

     "Paying Agent" means the Trustee or any Person authorized by the Company to
pay the principal of or interest on any Securities on behalf of the Company.

     "Person" means any individual, corporation, partnership, joint venture,
trust, unincorporated organization or government or any agency or political
subdivision thereof.

     "Place of Payment" means, with respect to the Securities of any series, the
place or places where the principal of (and premium, if any) and interest on the
Securities of such series are payable pursuant to Sections 3.1 and 3.11.

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

     "Proceeding" has the meaning specified in Section 13.2.

     "Property Trustee" means, in respect of any National City Trust, the
commercial bank or trust company identified as the "Property Trustee" in the
related Trust Agreement, solely in its capacity as Property Trustee of such
National City Trust under such Trust Agreement and not in its individual
capacity, or its successor in interest in such capacity, or any successor
property trustee appointed as therein provided.

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

                                      -6-

<PAGE>

     "Redemption Price," when used with respect to any Security to be redeemed,
means the price at which it is to be redeemed pursuant to this Indenture.

     "Regular Record Date" for the interest payable on any Interest Payment Date
with respect to the Securities of a series means, unless otherwise provided
pursuant to Section 3.1 with respect to Securities of a series, (i) in the case
of Securities of a series represented by one or more Global Securities, the
Business Day next preceding such Interest Payment Date and (ii) in the case of
Securities of a series not represented by one or more Global Securities, the
date which is fifteen days next preceding such Interest Payment Date (whether or
not a Business Day).

     "Responsible Officer" when used with respect to the Trustee means any
officer of the Trustee assigned by the Trustee from time to time to administer
its corporate trust matters.

     "S&P" means Standard & Poor's Ratings Services.

     "Securities" or "Security" means any debt securities or debt security, as
the case may be, authenticated and delivered under this Indenture.

     "Securities Register" and "Securities Registrar" have the respective
meanings specified in Section 3.5.

     "Senior and Subordinated Debt" means the principal of (and premium, if any)
and interest, if any (including interest accruing on or after the filing of any
petition in bankruptcy or for reorganization relating to the Company whether or
not such claim for post-petition interest is allowed in such proceeding), on
Debt of the Company, whether incurred on or prior to the date of this Indenture
or thereafter incurred, unless, in the instrument creating or evidencing the
same or pursuant to which the same is outstanding, it is provided that such
obligations are not superior in right of payment to the Securities, provided,
however, that Senior and Subordinated Debt shall not be deemed to include (a)
any Debt of the Company which, when incurred and without respect to any election
under Section 1111(b) of the Bankruptcy Reform Act of 1978, as amended, was
without recourse to the Company, (b) any Debt of the Company to any of its
Subsidiaries, (c) Debt to any employee of the Company, and (d) any Securities.

     "Special Record Date" for the payment of any Defaulted Interest means a
date fixed by the Trustee pursuant to Section 3.7.

     "Stated Maturity" when used with respect to any Security or any installment
of principal thereof or interest thereon means the date specified pursuant to
the terms of such Security as the date on which the principal of such Security
or such installment of interest is due and payable, in the case of such
principal, as such date may be shortened or extended as provided pursuant to the
terms of such Security and this Indenture.

     "Subsidiary" means a corporation more than 50% of the outstanding voting
stock of which is owned, directly or indirectly, by the Company or by one or
more other Subsidiaries, or by the Company and one or more other Subsidiaries.
For purposes of this definition, "voting stock" means stock which ordinarily has
voting power for the election of directors, whether at all times or only so long
as no senior class of stock has such voting power by reason of any contingency.

                                      -7-

<PAGE>

     "Tax Event" means the receipt by the National City Trust of an Opinion of
Counsel (as defined in the relevant National City Trust Agreement) experienced
in such matters to the effect that, as a result of any amendment to, or change
(including any announced prospective change) in, the laws (or any regulations
thereunder) of the United States or any political subdivision or taxing
authority thereof or therein, or as a result of any official administrative
pronouncement or judicial decision interpreting or applying such laws or
regulations, which amendment or change is effective or which pronouncement or
decision is announced on or after the date of issuance of the Capital Securities
of such National City Trust, there is more than an insubstantial risk that (i)
such National City Trust is, or will be within 90 days of the date of such
Opinion of Counsel, subject to United States Federal income tax with respect to
income received or accrued on the corresponding series of Securities, (ii)
interest payable by the Company on such corresponding series of Securities is
not, or within 90 days of the date of such Opinion of Counsel, will not be,
deductible by the Company, in whole or in part, for United States Federal income
tax purposes or (iii) such National City Trust is, or will be within 90 days of
the date of such Opinion of Counsel, subject to more than a de minimis amount of
other taxes, duties or other governmental charges.

     "Trust Agreement" means [the Trust Agreement substantially in the form
attached hereto as Annex A, as amended by the form of Amended and Restated Trust
Agreement substantially in the form attached hereto as Annex B, or substantially
in such form as may be specified as contemplated by Section 3.1] with respect to
the Securities of any series, in each case as amended from time to time.

     "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 Securities of
any series shall mean the Trustee with respect to Securities of that series.

     "Trust Indenture Act" means the Trust Indenture Act of 1939 (15 U.S.C.
(S)(S) 77aaa-77bbb), as amended and as in effect on the date as of this
Indenture, except as provided in Section 9.5.

     "Trust Securities" has the meaning specified in the first recital of this
Indenture.

     "Vice President" when used with respect to the Company, means any duly
appointed vice president, whether or not designated by a number or a word or
words added before or after the title "vice president."

Section 1.2. Compliance Certificate and Opinions.

     Upon any application or request by the Company to the Trustee to take any
action under any provision of this Indenture, the Company shall furnish to the
Trustee an Officers' Certificate stating that all conditions precedent
(including covenants, compliance with which constitutes a condition 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

                                      -8-

<PAGE>

such conditions precedent (including covenants compliance with which constitute
a condition 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 (other than the certificates provided
pursuant to Section 10.5) 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 has made
such examination or investigation as is necessary to enable him 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 1.3. Forms 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 matters upon which his certificate or opinion is based are
erroneous. Any such certificate or Opinion of Counsel may be based, insofar as
it relates to factual matters, upon a certificate or opinion of, or
representations by, an officer or officers of the Company stating that the
information with respect to such factual matters is in the possession of the
Company, unless such counsel knows, or in the exercise of reasonable care should
know, that the certificate or opinion or representations with respect to such
matters are erroneous. Where any Person is required to make, give or execute two
or more applications, requests, consents, certificates, statements, opinions, or
other instruments under this Indenture, they may, but need not, be consolidated
and form one instrument.

                                      -9-

<PAGE>

Section 1.4. Acts of Holders.

     (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Indenture to be given to 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 or proxy duly
appointed in writing; and, except as herein otherwise expressly provided, such
action shall become effective when such instrument or instruments is or are
delivered to the Trustee, and, where it is hereby expressly required, to the
Company. Such instrument or instruments (and the action embodied therein and
evidenced thereby) are herein sometimes referred to as the "Act" of the Holders
signing such instrument or instruments. Proof of execution of any such
instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Indenture and (subject to Section 6.2) conclusive in favor of
the Trustee and the Company, if made in the manner provided in this Section.

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

     (c) The fact and date of the execution by any Person of any such instrument
or writing, or the authority of the Person executing the same, may also be
proved in any other manner which the Trustee deems sufficient and in accordance
with such reasonable rules as the Trustee may determine.

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

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

     (f) The Company may set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to
give, make or take any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders of Securities of such series, provided that the
Company may not set a record date for, and the provisions of this paragraph
shall not apply with respect to, the giving or making of any notice,
declaration, request or direction referred to in the next paragraph. If any
record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of the relevant series on such record date, and no other Holders,
shall be entitled to take the relevant action, whether or not such Holders
remain Holders after such record date, provided that no such action shall be
effective hereunder unless taken on or prior to the applicable Expiration Date
by Holders of the requisite principal amount of Outstanding Securities of such
series on such record date. Nothing in this paragraph shall be construed to
prevent the Company from setting a new record date for any action for which a
record date has

                                      -10-

<PAGE>

previously been set pursuant to this paragraph (whereupon the record date
previously set shall automatically and with no action by any Person be canceled
and of no effect), and nothing in this paragraph shall be construed to render
ineffective any action taken by Holders of the requisite principal amount of
Outstanding Securities of the relevant series on the date such action is taken.
Promptly after any record date is set pursuant to this paragraph, the Company,
at its own expense, shall cause notice of such record date, the proposed action
by Holders and the applicable Expiration Date to be given to the Trustee in
writing and to each Holder of Securities of the relevant series in the manner
set forth in Section 1.6.

     The Trustee may set any day as a record date for the purpose of determining
the Holders of Outstanding Securities of any series entitled to join in the
giving or making of (i) any declaration of acceleration referred to in Section
5.2, (ii) any request to institute proceedings referred to in Section 5.7(2) or
(iii) any direction referred to in Section 5.12, in each case with respect to
Securities of such series. If any record date is set pursuant to this paragraph,
the Holders of Outstanding Securities of such series on such record date, and no
other Holders, shall be entitled to join in such notice, declaration, request or
direction, whether or not such Holders remain Holders after such record date,
provided that no such action shall be effective hereunder unless taken on or
prior to the applicable Expiration Date by Holders of the requisite principal
amount of Outstanding Securities of such series on such record date. Nothing in
this paragraph shall be construed to prevent the Trustee from setting a new
record date for any action for which a record date has previously been set
pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any Person be canceled and of no effect),
and nothing in this paragraph shall be construed to render ineffective any
action taken by Holders of the requisite principal amount of Outstanding
Securities of the relevant series on the date such action is taken. Promptly
after any record date is set pursuant to this paragraph, the Trustee, at the
Company's expense, shall cause notice of such record date, the proposed action
by Holders and the applicable Expiration Date to be given to the Company in
writing and to each Holder of Securities of the relevant series in the manner
set forth in Section 1.6.

     With respect to any record date set pursuant to this Section, the party
hereto which sets such record dates may designate any day as the "Expiration
Date" and from time to time may change the Expiration Date to any earlier or
later day, provided that no such change shall be effective unless notice of the
proposed new Expiration Date is given to the other party hereto in writing, and
to each Holder of Securities of the relevant series in the manner set forth in
Section 10.6, on or prior to the existing Expiration Date. If an Expiration Date
is not designated with respect to any record date set pursuant to this Section,
the party hereto which set such record date shall be deemed to have initially
designated the 180th day after such record date as the Expiration Date with
respect thereto, subject to its right to change the Expiration Date as provided
in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be
later than the 180th day after the applicable record date.

     (g) Without limiting the foregoing, a Holder entitled hereunder to take any
action hereunder with regard to any particular Security may do so with regard to
all or any part of the principal amount of such Security or by one or more duly
appointed agents each of which may do so pursuant to such appointment with
regard to all or any part of such principal amount.

                                      -11-

<PAGE>

Section 1.5. Notices, Etc. to Trustee and Company.

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

     (1) the Trustee by any Holder, any holder of Capital Securities or the
Company shall be sufficient for every purpose hereunder if made, given,
furnished or filed in writing to or with the Trustee at its Corporate Trust
office, or

     (2) the Company by the Trustee, any Holder or any holder of Capital
Securities shall be sufficient for every purpose (except as otherwise provided
in Section 5.1) hereunder if in writing and mailed, first class, postage
prepaid, to the Company, addressed to it at the address of its principal office
specified in the first paragraph of this instrument or at any other address
previously furnished in writing to the Trustee by the Company.

Section 1.6. Notice to Holders; Waiver.

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

Section 1.7. Conflict with Trust Indenture Act.

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

Section 1.8. Effect of Headings and Table of Contents.

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

Section 1.9. Successors and Assigns.

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

                                      -12-

<PAGE>

Section 1.10. Separability Clause.

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

Section 1.11. Benefits of Indenture.

     Nothing in this Indenture or in the Securities, express or implied, shall
give to any Person, other than the parties hereto and their successors and
assigns, the Holders of Senior and Subordinated Debt, the Holders of the
Securities and, to the extent expressly provided in Sections 5.2, 5.8, 5.9,
5.11, 5.13, 9.1 and 9.2, the holders of Capital Securities, any benefit or any
legal or equitable right, remedy or claim under this Indenture.

Section 1.12. Governing Law.

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

Section 1.13. Non-Business Days.

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

                                   ARTICLE II

                                 SECURITY FORMS

Section 2.1. Forms Generally.

     The Securities of each series shall be in substantially the forms set forth
in this Article, or in such other form or forms as shall be established by or
pursuant to a Board Resolution or in one or more indentures supplemental hereto,
in each case with such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by this Indenture and may have
such letters, numbers or other marks of identification and such legends or
endorsements placed thereon as may be required to comply with applicable tax
laws or the rules of any securities exchange or as may, consistently herewith,
be determined by the officers executing such securities, as evidenced by their
execution of the Securities. If the form of Securities of any series 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

                                      -13-

<PAGE>

of the Company and delivered to the Trustee at or prior to the delivery of the
Company Order contemplated by Section 3.3 with respect to the authentication and
delivery of such Securities.

     The Trustee's certificates of authentication shall be substantially in the
form set forth in this Article.

     The definitive Securities shall be printed, lithographed or engraved or
produced by any combination of these methods, if required by any securities
exchange on which the Securities may be listed, on a steel engraved border or
steel engraved borders or may be produced in any other manner permitted by the
rules of any securities exchange on which the Securities may be listed, all as
determined by the officers executing such Securities, as evidenced by their
execution of such securities.

Section 2.2. Form of Face of Security.

                            NATIONAL CITY CORPORATION

                      __% JUNIOR SUBORDINATED DEBENTURE DUE

Registered                                          Principal Amount: __________

No. __________                                             CUSIP No.: __________

     National City Corporation, a corporation organized and existing under the
laws of Delaware (hereinafter called the "Company", which term includes any
successor corporation under the Indenture hereinafter referred to), for value
received, hereby promises to pay to ___, or registered assigns, the principal
sum of ___ Dollars on ___; provided that the Company may (i) shorten the Stated
Maturity of the principal of this Security to a date not earlier than ___, and
(ii) extend the Stated Maturity of the principal of this Security at any time on
one or more occasions, subject to certain conditions specified in Section 3.14
of the Indenture, but in no event to a date later than ___. The Company further
promises to pay interest on said principal sum from ___ or from the most recent
interest payment date (each such date, an "Interest Payment Date") on which
interest has been paid or duly provided for, semi-annually (subject to deferral
as set forth herein) in arrears on the last day of ___ and ___ of each year
commencing ___ at the rate of ___% per annum, until the principal hereof shall
have become due and payable, plus Additional Interest, if any, until the
principal hereof is paid or duly provided for or made available for payment and
on any overdue principal and (without duplication and to the extent that payment
of such interest is enforceable under applicable law) on any overdue installment
of interest at the rate of ___% per annum, compounded semi-annually. The amount
of interest payable for any period shall be computed on the basis of twelve
30-day months and a 360-day year. The amount of interest payable for any partial
period shall be computed on the basis of the number of days elapsed in a 360-day
year of twelve 30-day months. In the event that any date on which interest is
payable on this Security is not a Business Day, then a payment of the interest
payable on such date will be made on the next succeeding day which is a Business
Day (and without any interest or other payment in respect of any such delay),
except that, if such Business Day is in the next succeeding calendar year, such
payment shall be made on the immediately preceding Business

                                      -14-

<PAGE>

Day, in each case with the same force and effect as if made on the date the
payment was originally payable. A "Business Day" shall mean any day other than
(i) a Saturday or Sunday, (ii) a day on which banking institutions in The City
of New York are authorized or required by law or executive order to remain
closed or (iii) a day on which the Corporate Trust Office of the Trustee, or the
principal office of the Property Trustee under the Trust Agreement (hereinafter
referred to) for [NAME OF TRUST] is closed for business. The interest
installment so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in the Indenture, be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest
installment, which shall be [insert Record Date] next preceding such Interest
Payment Date. Any such interest installment not so punctually paid or duly
provided for shall forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security (or
one or more Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to be fixed by
the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than ___ days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

     So long as no Event of Default has occurred and is continuing, the Company
shall have the right at any time during the term of this Security to defer
payment of interest on this Security, at any time or from time to time, for up
to ____ consecutive __________ interest payment periods with respect to each
deferral period, but up to not less than 20 consecutive quarters (each an
"Extension Period"), (during which Extension Periods the Company shall have the
right to make partial payments of interest on any Interest Payment Date, and at
the end of which the Company shall pay all interest then accrued and unpaid
(together with Additional Interest thereon to the extent permitted by applicable
law)); provided, however, that no Extension Period shall extend beyond the
Stated Maturity of the principal of this Security; provided, further, that
during any such Extension Period, the Company shall not, and shall not permit
any Subsidiary of the Company to, (i) declare or pay any dividends or
distributions or redeem, purchase, acquire or make a liquidation payment with
respect to, any of the Company's capital stock (which includes common and
preferred stock), or (ii) make any payment of principal of or interest or
premium, if any, on or repay, repurchase or redeem any debt security of the
Company (including Securities issued by the Company pursuant to the Indenture
other than the Securities represented by this certificate) that ranks pari passu
with or junior in interest to this Security or make any guarantee payments with
respect to any guarantee by the Company of the debt securities of any
Subsidiaries of the Company (including National City Guarantees other than the
National City Guarantee related to the Capital Securities issued by [NAME OF
TRUST]) if such guarantee ranks pari passu with or junior in interest to this
Security (other than (a) dividends or distributions in Common Stock of the
Company, (b) any declaration of a dividend in connection with the implementation
of a stockholders' rights plan, or the issuance of stock under any such plan in
the future or the redemption or repurchase of any such rights pursuant thereto,
(c) payments under the National City Guarantee related to the Capital Securities
issued by [NAME OF TRUST], and (d) purchases of Common Stock related to the
issuance of Common Stock or rights under any of the Company's benefit plans for
its directors, officers or employees). Prior to the termination of any such
Extension Period, the Company may further extend such Extension

                                      -15-
<PAGE>

Period, provided that such extension does not cause such Extension Period to
exceed __________ consecutive interest payment periods or to extend beyond the
Stated Maturity. Upon the termination of any such Extension Period and upon the
payment of all amounts then due, and subject to the foregoing limitation, the
Company may elect to begin a new Extension Period. No interest shall be due and
payable during an Extension Period except at the end thereof. The Company shall
give the Trustee, the Property Trustee and the Administrative Trustees of [NAME
OF TRUST] notice of its election to begin any Extension Period at least ___
Business Days prior to the earlier of (i) the date on which Distributions on the
Capital Securities would be payable except for the election to begin such
Extension Period, or (ii) the date the Administrative Trustees are required to
give notice to any automated quotation system or to holders of such Capital
Securities of the record date or the date such Distributions are payable, but in
any event not less than _____ Business Days prior to such record date.

     Payment of the principal of (and premium, if any) and interest on this
Security will be made at the office or agency of the Company maintained for that
purpose in the United States, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts; provided, however, that at the option of the Company payment of
interest may be made (i) by check mailed to the address of the Person entitled
thereto as such address shall appear in the Securities Register or (ii) by wire
transfer in immediately available funds at such place and to such account as may
be designated by the Person entitled thereto as specified in the Securities
Register. The indebtedness evidenced by this Security is, to the extent provided
in the Indenture, unsecured and will rank junior and subordinate and subject in
right of payments to the prior payment in full of all Senior and Subordinated
Debt, and this Security is issued subject to the provisions of the Indenture
with respect thereto. Each Holder of this Security, by accepting the same, (a)
agrees to and shall be bound by such provisions, (b) authorizes and directs the
Trustee on his behalf to take such actions as may be necessary or appropriate to
effectuate the subordination so provided and (c) appoints the Trustee his
attorney-in-fact for any and all such purposes. Each Holder hereof, by his
acceptance hereof, waives all notice of the acceptance of the subordination
provisions contained herein and in the Indenture by each holder of Senior and
Subordinated Debt, whether now outstanding or hereafter incurred, and waives
reliance by each such holder upon said provisions.

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

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

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

                                        NATIONAL CITY CORPORATION

                                        By:
                                            ------------------------------------
                                            [President or Vice President]

                                      -16-

<PAGE>

Attest:

-------------------------------------
[Secretary or Assistant Secretary]

Section 2.3. Form of Reverse of Security.

     This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and to be issued in one or more
series under a Junior Subordinated Indenture, dated as of _____________ (herein
called the "Indenture"), between the Company and The Bank of New York, as
Trustee (herein called the "Trustee", which term includes any successor trustee
under the Indenture), to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Trustee, the Company and the
Holders of the Securities, and of the terms upon which the Securities are, and
are to be, authenticated and delivered. This Security is one of the series
designated on the face hereof, limited in aggregate principal amount to
$_________.

     All terms used in this Security that are defined in the Indenture and in
the Trust Agreement, dated as of ___ ___, ___, as amended (the "Trust
Agreement"), for [insert name of trust] among National City Corporation, as
Depositor, and the Trustees named therein, shall have the meanings assigned to
them in the Indenture or the Trust Agreement, as the case may be.

     [If applicable, insert--The Company may at any time, at its option, on or
after ___, and subject to the terms and conditions of Article XI of the
Indenture], [if applicable insert--and subject to the Company having received
prior approval of the Board of Governors of the Federal Reserve System (the
"Federal Reserve") if then required under applicable capital guidelines or
policies of the Federal Reserve] redeem this Security [in whole at any time] [or
in part from time to time], without premium or penalty, at a redemption price
equal to [insert redemption price] to the Redemption Date.]

     [If applicable, insert--Upon the occurrence and during the continuation of
a Tax Event in respect of a National City Trust, the Company may, at its option,
at any time within 90 days of the occurrence of such Tax Event redeem this
Security, [if applicable, insert--in whole but not in part], subject to the
provisions of Section 11.7 and the other provisions of Article XI of the
Indenture, at a redemption price equal to [insert redemption price] to the
Redemption Date.

     [If applicable, insert--In the event of redemption of this Security in part
only, a new Security or Securities of this series for the portion hereof not
redeemed will be issued in the name of the Holder hereof upon the cancellation
hereof.]

     The Indenture contains provisions for satisfaction and discharge of the
entire indebtedness of this Security upon compliance by the Company with certain
conditions set forth in the Indenture.

                                      -17-

<PAGE>

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

     [If the Security is not a Discount Security,--As provided in and subject to
the provisions of the Indenture, if an Event of Default with respect to the
Securities of this 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 the Outstanding Securities of this series may declare the
principal amount of all the Securities of this series to be due and payable
immediately, by a notice in writing to the Company (and to the Trustee if given
by Holders), provided that, in the case of the Securities of this series issued
to a National City Trust, if upon an Event of Default, the Trustee or the
Holders of not less than 25% in principal amount of the Outstanding Securities
of this series fails to declare the principal of all the Securities of this
series to be immediately due and payable, the holders of at least 25% in
aggregate Liquidation Amount of the Capital Securities then outstanding shall
have such right by a notice in writing to the Company and the Trustee; and upon
any such declaration the principal amount of and the accrued interest (including
any Additional Interest) on all the Securities of this series shall become
immediately due and payable, provided that the payment of principal and interest
(including any Additional Interest) on such Securities shall remain subordinated
to the extent provided in Article XIII of the Indenture.]

     [If the Security is a Discount Security,--As provided in and subject to the
provisions of the Indenture, if an Event of Default with respect to the
Securities of this series at the time Outstanding occurs and is continuing, then
and in every such case the Trustee or the Holders of not less than such portion
of the principal amount as may be specified in the terms of this series may
declare an amount of principal of the Securities of this series to be due and
payable immediately, by a notice in writing to the Company (and to the Trustee
if given by Holders), provided that, in the case of the Securities of this
series issued to a National City Trust, if upon an Event of Default, the Trustee
or the Holders of not less than 25% in principal amount of the Outstanding
Securities of this series fails to declare the principal of all the Securities
of this series to be immediately due and payable, the holders of at least 25% in
aggregate Liquidation Amount of the Capital Securities then outstanding shall
have such right by a notice in writing to the Company and the Trustee. Such
amount shall be equal to [insert formula for determining the amount]. Upon any
such declaration, such amount of the principal of and the accrued interest
(including any Additional Interest) on all the Securities of this series shall
become immediately due and payable, provided that the payment of principal and
interest (including any Additional Interest) on such Securities shall remain
subordinated to the extent provided in Article XIII of

                                      -18-

<PAGE>

the Indenture. Upon payment (i) of the amount of principal so declared due and
payable and (ii) of interest on any overdue principal and overdue interest (in
each case to the extent that the payment of such interest shall be legally
enforceable), all of the Company's obligations in respect of the payment of the
principal of and interest, if any, on this Security shall terminate.]

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

     As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Security is registrable in the Securities Register,
upon surrender of this Security for registration of transfer at the office or
agency of the Company maintained under Section 10.2 of the Indenture duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Securities Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Securities of this series, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or
transferees. No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

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

     The Securities of this series are issuable only in registered form without
coupons in denominations of minimum denominations of $[100,000] and any integral
multiples of $[1,000] in excess thereof. As provided in the Indenture and
subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of such series
of a different authorized denomination, as requested by the Holder surrendering
the same.

     The Company and, by its acceptance of this Security or a beneficial
interest therein, the Holder of, and any Person that acquires a beneficial
interest in, this Security agree that for United States Federal, state and local
tax purposes it is intended that this Security constitute indebtedness.

     THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF
LAWS PRINCIPLES THEREOF.

Section 2.4. Additional Provisions Required in Global Security.

     Any Global Security issued hereunder shall, in addition to the provisions
contained in Sections 2.2 and 2.3, bear a legend in substantially the following
form:

                                      -19-

<PAGE>

     "THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED
IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY."

Section 2.5. Form of Trustee's Certificate of Authentication.

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

     Dated:
            -----------------

                                        THE BANK OF NEW YORK, as Trustee

                                        By:
                                            ------------------------------------
                                            Authorized Officer

                                  ARTICLE III

                                 THE SECURITIES

Section 3.1. Title and Terms.

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

     The Securities may be issued in one or more series. There shall be
established in or pursuant to a Board Resolution, and set forth in an Officers'
Certificate (such Officers' Certificate shall have the effect of a supplemental
indenture for all purposes hereunder), or established in one or more indentures
supplemental hereto, prior to the issuance of Securities of a series:

     (a) the title of the securities of such series, which shall distinguish the
Securities of the series from all other Securities;

     (b) the limit, if any, upon the aggregate principal amount of the
Securities of such series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration
of transfer of, or in exchange for, or in lieu of, other Securities of the
series pursuant to Section 3.4, 3.5, 3.6, 9.6 or 11.6 and except for any
Securities which, pursuant to Section 3.3, are deemed never to have been
authenticated and delivered hereunder); provided, however, that the authorized
aggregate principal amount of such series may be increased above such amount by
a Board Resolution to such effect;

                                      -20-

<PAGE>

     (c) the Stated Maturity or Maturities on which the principal of the
Securities of such series is payable or the method of determination thereof;

     (d) the rate or rates, if any, at which the Securities of such series shall
bear interest, if any, the rate or rates and extent to which Additional
Interest, if any, shall be payable in respect of any Securities of such series,
the Interest Payment Dates on which such interest shall be payable, the right,
pursuant to Section 3.11 or as otherwise set forth therein, of the Company to
defer or extend an Interest Payment Date, and the Regular Record Date for the
interest payable on any Interest Payment Date or the method by which any of the
foregoing shall be determined;

     (e) the place or places where the principal of (and premium, if any) and
interest on the Securities of such series shall be payable, the place or places
where the Securities of such series may be presented for registration of
transfer or exchange, and the place or places where notices and demands to or
upon the Company in respect of the Securities of such series may be made;

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

     (g) the obligation or the right, if any, of the Company to prepay, repay or
purchase the Securities of such series pursuant to any sinking fund,
amortization or analogous provisions, or at the option of a Holder thereof, and
the period or periods within which, the price or prices at which, the currency
or currencies (including currency unit or units) in which and the other terms
and conditions upon which Securities of the series shall be redeemed, repaid or
purchased, in whole or in part, pursuant to such obligation;

     (h) the denominations in which any Securities of such series shall be
issuable, if other than denominations of $100,000 and any integral multiples of
$1,000 in excess thereof;

     (i) if other than Dollars, the currency or currencies (including currency
unit or units) in which the principal of (and premium, if any) and interest, if
any, on the Securities of the series shall be payable, or in which the
Securities of the series shall be denominated;

     (j) the additions, modifications or deletions, if any, in the Events of
Default or covenants of the Company set forth herein with respect to the
Securities of such series;

     (k) if other than the principal amount thereof, the portion of the
principal amount of Securities of such series that shall be payable upon
declaration of acceleration of the Maturity thereof;

     (l) the additions or changes, if any, to this Indenture with respect to the
Securities of such series as shall be necessary to permit or facilitate the
issuance of the Securities of such series in bearer form, registrable or not
registrable as to principal, and with or without interest coupons;

     (m) any index or indices used to determine the amount of payments of
principal of and premium, if any, on the Securities of such series or the manner
in which such amounts will be determined;

                                      -21-

<PAGE>

     (n) whether the Securities of the series, or any portion thereof, shall
initially be issuable in the form of a temporary Global Security representing
all or such portion of the Securities of such series and provisions for the
exchange of such temporary Global Security for definitive Securities of such
series;

     (o) if applicable, that any Securities of the series shall be issuable in
whole or in part in the form of one or more Global Securities and, in such case,
the respective Depositaries for such Global Securities, the form of any legend
or legends which shall be borne by any such Global Security in addition to or in
lieu of that set forth in Section 2.4 and any circumstances in addition to or in
lieu of those set forth in Section 3.5 in which any such Global Security may be
exchanged in whole or in part for Securities registered, and any transfer of
such Global Security in whole or in part may be registered, in the name or names
of Persons other than the Depositary for such Global Security or a nominee
thereof;

     (p) the appointment of any Paying Agent or Agents for the Securities of
such series;

     (q) the terms of any right to convert or exchange Securities of such series
into any other securities or property of the Company, and the additions or
changes, if any, to this Indenture with respect to the Securities of such series
to permit or facilitate such conversion or exchange;

     (r) the form or forms of the Trust Agreement, Amended and Restated Trust
Agreement and Guarantee Agreement, if different from the forms attached hereto
as Annexes A, B and C, respectively;

     (s) the relative degree, if any, to which the Securities of the series
shall be senior to or be subordinated to other series of Securities in right of
payment, whether such other series of Securities are Outstanding or not; and

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

     All Securities of any one series shall be substantially identical except as
to denomination and except as may otherwise be provided herein or in or pursuant
to such Board Resolution and set forth in such Officers' Certificate or in any
such indenture supplemental hereto.

     If any of the terms of the series 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.

     The Securities shall be subordinated in right of payment to Senior and
Subordinated Debt as provided in Article XIII.

Section 3.2. Denominations.

     The Securities of each series shall be in registered form without coupons
and shall be issuable in minimum denominations of $100,000 and integral
multiples of $1,000 in excess thereof, unless otherwise specified as
contemplated by Section 3.1.

                                      -22-

<PAGE>

Section 3.3. Execution, Authentication, Delivery and Dating.

     The Securities shall be executed on behalf of the Company by its President
or one of its Vice Presidents under its corporate seal reproduced or impressed
thereon and attested by its Secretary or one of its Assistant Secretaries. The
signature of any of these officers on the Securities may be manual or facsimile.
Securities bearing the manual or facsimile signatures of individuals who were at
any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Securities or did not
hold such offices at the date of such Securities. At any time and from time to
time after the execution and delivery of this Indenture, the Company may deliver
Securities of any series executed by the Company to the Trustee for
authentication, together with a Company Order for the authentication and
delivery of such Securities, and the Trustee in accordance with the Company
Order shall authenticate and deliver such Securities. If the form or terms of
the Securities of the series have been established by or pursuant to one or more
Board Resolutions as permitted by Sections 2.1 and 3.1, in authenticating such
Securities, and accepting the additional responsibilities under this Indenture
in relation to such Securities, the Trustee shall be entitled to receive, and
(subject to Section 6.2) shall be fully protected in relying upon, an Opinion of
Counsel stating,

     (1) if the form of such Securities has been established by or pursuant to
Board Resolution as permitted by Section 2.1, that such form has been
established in conformity with the provisions of this Indenture;

     (2) if the terms of such Securities have been established by or pursuant to
Board Resolution as permitted by Section 3.1, that such terms have been
established in conformity with the provisions of this Indenture; and

     (3) that such Securities, when authenticated and delivered by the Trustee
and issued by the Company in the manner and subject to any conditions specified
in such Opinion of Counsel, will constitute valid and legally binding
obligations of the Company enforceable in accordance with their terms, subject
to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and
similar laws of general applicability relating to or affecting creditors' rights
and to general equity principles.

     If such form or terms have been so established, the Trustee shall not be
required to authenticate such Securities if the issue of such Securities
pursuant to this Indenture will affect the Trustee's own rights, duties or
immunities under the Securities and this Indenture or otherwise in a manner
which is not reasonably acceptable to the Trustee.

     Notwithstanding the provisions of Section 3.1 and of the preceding
paragraph, if all Securities of a series are not to be originally issued at one
time, it shall not be necessary to deliver the Officers' Certificate otherwise
required pursuant to Section 3.1 or the Company Order and Opinion of Counsel
otherwise required pursuant to such preceding paragraph at or prior to the
authentication of each Security of such series if such documents are delivered
at or prior to the authentication upon original issuance of the first Security
of such series to be issued.

     Each Security shall be dated the date of its authentication.

                                      -23-

<PAGE>

     No Security shall be entitled to any benefit under this Indenture or be
valid or obligatory for any purpose, unless there appears on such Security a
certificate of authentication substantially in the form provided for herein
executed by the Trustee by the manual signature of one of its authorized
officers, and such certificate upon any Security shall be conclusive evidence,
and the only evidence, that such Security has been duly authenticated and
delivered hereunder. Notwithstanding the foregoing, if any Security shall have
been authenticated and delivered hereunder but never issued and sold by the
Company, and the Company shall deliver such Security to the Trustee for
cancellation as provided in Section 3.9, for all purposes of this Indenture such
Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture.

Section 3.4. Temporary Securities.

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

     If temporary Securities of any series are issued, the Company will cause
definitive Securities of such series to be prepared without unreasonable delay.
After the preparation of definitive Securities, the temporary Securities shall
be exchangeable for definitive Securities upon surrender of the temporary
Securities at the office or agency of the Company designated for that purpose
without charge to the Holder. Upon surrender for cancellation of any one or more
temporary Securities, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor one or more definitive Securities
of the same series of authorized denominations having the same Original Issue
Date and Stated Maturity and having the same terms as such temporary Securities.
Until so exchanged, the temporary Securities of any series shall in all respects
be entitled to the same benefits under this Indenture as definitive Securities
of such series.

Section 3.5. Registration, Transfer and Exchange.

     The Company shall cause to be kept at the Corporate Trust Office of the
Trustee a register in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities and of
transfers of Securities. Such register is herein sometimes referred to as the
"Securities Register." The Trustee is hereby appointed "Securities Registrar"
for the purpose of registering Securities and transfers of Securities as herein
provided.

     Upon surrender for registration of transfer of any Security at the office
or agency of the Company designated for that purpose, the Company shall execute,
and the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Securities of the same series of any
authorized denominations, of a like aggregate principal amount, of the same
Original Issue Date and Stated Maturity and having the same terms.

                                      -24-

<PAGE>

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

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

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

     No service charge shall be made to a Holder for any transfer or exchange of
Securities, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any
transfer or exchange of Securities.

     No service charge shall be made to a Holder for any transfer or exchange of
Securities, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any
transfer or exchange of Securities.

     The provisions of Clauses (1), (2), (3) and (4) below shall apply only to
Global Securities:

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

     (2) Notwithstanding any other provision in this Indenture, no Global
Security may be exchanged in whole or in part for Securities registered, and no
transfer of a Global Security in whole or in part may be registered, in the name
of any Person other than the Depositary for such Global Security or a nominee
thereof unless (A) such Depositary (i) has notified the Company that it is
unwilling or unable to continue as Depositary for such Global Security or (ii)
has ceased to be a clearing agency registered under the Exchange Act at a time
when the Depositary is required to be so registered to act as depositary, in
each case unless the Company has approved a successor Depositary within 90 days,
(B) there shall have occurred and be continuing an Event of Default with respect
to such Global Security, (C) the Company in its sole discretion determines that
such Global Security will be so exchangeable or transferable or (D) there shall
exist such circumstances, if any, in addition to or in lieu of the foregoing as
have been specified for this purpose as contemplated by Section 3.1.

                                      -25-

<PAGE>

     (3) Subject to Clause (2) above, any exchange of a Global Security for
other Securities may be made in whole or in part, and all Securities issued in
exchange for a Global Security or any portion thereof shall be registered in
such names as the Depositary for such Global Security shall direct.

     (4) Every Security authenticated and delivered upon registration of
transfer of, or in exchange for or in lieu of, a Global Security or any portion
thereof, whether pursuant to this Section, Section 3.4, 3.6, 9.6 or 11.6 or
otherwise, shall be authenticated and delivered in the form of, and shall be, a
Global Security, unless such Security is registered in the name of a Person
other than the Depositary for such Global Security or a nominee thereof.

     Neither the Company nor the Trustee shall be required, pursuant to the
provisions of this Section, (a) to issue, transfer or exchange any Security of
any series during a period beginning at the opening of business 15 days before
the day of selection for redemption of Securities pursuant to Article XI and
ending at the close of business on the day of mailing of notice of redemption or
(b) to transfer or exchange any Security so selected for redemption in whole or
in part, except, in the case of any Security to be redeemed in part, any portion
thereof not to be redeemed.

Section 3.6. Mutilated, Destroyed, Lost and Stolen Securities.

     If any mutilated Security is surrendered to the Trustee together with such
security or indemnity as may be required by the Company or the Trustee to save
each of them harmless, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a new Security of the same issue
and series of like tenor and principal amount, having the same Original Issue
Date and Stated Maturity, and bearing a number not contemporaneously
outstanding.

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

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

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

     Every new Security issued pursuant to this Section in lieu of any
destroyed, lost or stolen Security shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or
stolen Security shall be at any time enforceable by anyone, and shall be

                                      -26-

<PAGE>

entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities duly issued hereunder.

     The provisions of this Section 3.6 are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities.

Section 3.7. Payment of Interest; Interest Rights Preserved.

     Interest on any Security of any series which is payable, and is punctually
paid or duly provided for, on any Interest Payment Date, shall be paid to the
Person in whose name that Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest
in respect of Securities of such series, except that, unless otherwise provided
in the Securities of such series, interest payable on the Stated Maturity of the
principal of a Security shall be paid to the Person to whom principal is paid.
The initial payment of interest on any Security of any series which is issued
between a Regular Record Date and the related Interest Payment Date shall be
payable as provided in such Security or in the Board Resolution pursuant to
Section 3.1 with respect to the related series of Securities.

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

     (1) The Company may elect to make payment of any Defaulted Interest to the
Persons in whose names the Securities of such series in respect of which
interest is in default (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 Security and the date of the proposed payment, and
at the same time the Company shall deposit with the Trustee an amount of money
equal to the aggregate amount proposed to be paid in respect of such Defaulted
Interest or shall make arrangements satisfactory to the Trustee for such deposit
prior to the date of the proposed payment, such money when deposited to be held
in trust for the benefit of the Persons entitled to such Defaulted Interest as
in this Clause provided. Thereupon, the Trustee shall fix a Special Record Date
for the payment of such Defaulted Interest which shall be not more than 15 days
and not less than 10 days prior to the date of the proposed payment and not less
than 10 days after the receipt by the Trustee of the notice of the proposed
payment. The Trustee shall promptly notify the Company of such Special Record
Date and, in the name and at the expense of the Company, shall cause notice of
the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be mailed, first class, postage prepaid, to each Holder of a
Security of such series at the address of such Holder as it appears in the
Securities Register not less than 10 days prior to such Special Record Date. The
Trustee may, in its discretion, in the name and at the expense of the Company,
cause a similar notice to be published at least once in a newspaper, customarily
published in the English language on each Business Day and of general
circulation in the Borough of Manhattan, The City of New York, but such
publication shall not be a condition precedent to the establishment of

                                      -27-

<PAGE>

such Special Record Date. Notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor having been mailed as aforesaid,
such Defaulted Interest shall be paid to the Persons in whose names the
Securities of such series (or their respective Predecessor Securities) are
registered on such Special Record Date and shall no longer be payable pursuant
to the following Clause (2).

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

     Subject to the foregoing provisions of this Section 3.7, each Security
delivered under this Indenture upon transfer of or in exchange for or in lieu of
any other Security shall carry the rights to interest accrued and unpaid, and to
accrue, which were carried by such other Security.

Section 3.8. Persons Deemed Owners.

     The Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name any Security is registered as the owner of such
Security for the purpose of receiving payment of principal of and (subject to
Section 3.7) any interest on such Security and for all other purposes
whatsoever, whether or not such 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.

Section 3.9. Cancellation

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

Section 3.10. Computation of Interest.

     Except as otherwise specified as contemplated by Section 3.1 for Securities
of any series, interest on the Securities of each series for any period shall be
computed on the basis of a 360-day year of twelve 30-day months and interest on
the Securities of each series for any partial period shall be computed on the
basis of the number of days elapsed in a 360-day year of twelve 30-day months.

                                      -28-

<PAGE>

Section 3.11. Deferrals of Interest Payment Dates.

     If specified as contemplated by Section 2.1 or Section 3.1 with respect to
the Securities of a particular series, so long as no Event of Default has
occurred and is continuing, the Company shall have the right, at any time during
the term of such series, from time to time to defer the payment of interest on
such Securities for such period or periods as may be specified as contemplated
by Section 3.1, but up to not less than 20 consecutive quarters (each, an
"Extension Period") during which Extension Periods the Company shall have the
right to make partial payments of interest on any Interest Payment Date. No
Extension Period shall end on a date other than an Interest Payment Date. At the
end of any such Extension Period the Company shall pay all interest then accrued
and unpaid on the Securities (together with Additional Interest thereon, if any,
at the rate specified for the Securities of such series to the extent permitted
by applicable law); provided, however, that no Extension Period shall extend
beyond the Stated Maturity of the principal of the Securities of such series;
provided, further, that during any such Extension Period, the Company shall not,
and shall not permit any Subsidiary to, (i) declare or pay any dividends or
distributions on, or redeem, purchase, acquire or make a liquidation payment
with respect to, any of the Company's capital stock (which includes common and
preferred stock), or (ii) make any payment of principal of or interest or
premium, if any, on or repay, repurchase or redeem any debt securities of the
Company (including Securities other than the Securities of such series) that
ranks pari passu with or junior in interest to the Securities of such series or
make any guarantee payments with respect to any guarantee by the Company of the
debt securities of any Subsidiary of the Company (including National City
Guarantees other than the National City Guarantee related to the Capital
Securities issued by the National City Trust holding Securities of such series)
if such guarantee rank pari passu with or junior in interest to the securities
of such series (other than (a) dividends or distributions in Common Stock of the
Company, (b) any declaration of a dividend in connection with the implementation
of a stockholders' rights plan, or the issuance of stock under any such plan in
the future or the redemption or repurchase of any such rights pursuant thereto,
(c) payments under the National City Guarantee related to the Capital Securities
issued by the National City Trust holding Securities of such series, and (d)
purchases of Common Stock related to the issuance of Common Stock or rights
under any of the Company's benefit plans for its directors, officers or
employees). Prior to the termination of any such Extension Period, the Company
may further extend such Extension Period, provided that such extension does not
cause such Extension Period to extend beyond the Stated Maturity of the
principal of such Securities. Upon termination of any Extension Period and upon
the payment of all accrued and unpaid interest and any Additional Interest then
due on any Interest Payment Date, the Company may elect to begin a new Extension
Period, subject to the above requirements. No interest shall be due and payable
during an Extension Period, except at the end thereof. The Company shall give
the Trustee, the Property Trustee and the Administrative Trustees of the
National City Trust holding Securities of such series notice of its election of
any Extension Period (or an extension thereof) at least five Business Days prior
to the earlier of (i) the next succeeding date on which Distributions on the
Capital Securities of such National City Trust would be payable except for the
election to begin or extend such Extension Period or (ii) the date the
Administrative Trustees of such National City Trust are required to give notice
to any automated quotation system or to holders of such Capital Securities of
the record date or the date such Distributions are payable, but in any event not
less than five Business Days prior to such record date.

                                      -29-

<PAGE>

     The Trustee shall promptly give notice of the Company's election to begin
any such Extension Period to the Holders of the Outstanding Securities of such
series.

Section 3.12. Right of Set-Off.

     [RESERVED]

Section 3.13. Agreed Tax Treatment.

     Each Security issued hereunder shall provide that the Company and, by its
acceptance of a Security or a beneficial interest therein, the Holder of, and
any Person that acquires a beneficial interest in, such Security agree that for
United States Federal, state and local tax purposes it is intended that such
Security constitute indebtedness.

Section 3.14. Shortening or Extension of Stated Maturity.

     If specified as contemplated by Section 2.1 or Section 3.1 with respect to
the Securities of a particular series, the Company shall have the right to (i)
shorten the Stated Maturity of the principal of the Securities of such series at
any time to any date not earlier than the first date on which the Company has
the right to redeem the Securities of such series, and (ii) extend the Stated
Maturity of the principal of the Securities of such series at any time at its
election for one or more periods, but in no event to a date later than the 49th
anniversary of the first Interest Payment Date following the Original Issue Date
of the Securities of such series; provided that, if the Company elects to
exercise its right to extend the Stated Maturity of the principal of the
Securities of such series pursuant to clause (ii) above, at the time such
election is made and at the time of extension (A) the Company is not in
bankruptcy, otherwise insolvent or in liquidation, (B) the Company is not in
default in the payment of any interest or principal on such Securities, (C) in
the case of any series of Securities issued to a National City Trust, such
National City Trust is not in arrears on payments of Distributions on the
Capital Securities issued by such National City Trust and no deferred
Distributions are accumulated and (D) such Securities are rated not less than
BBB- by S&P or Baa3 by Moody's or the equivalent by any other nationally
recognized statistical rating organization. In the event the Company elects to
shorten or extend the Stated Maturity of the Securities of any series, it shall
give notice to the Trustee, and the Trustee shall give notice of such shortening
or extension to the Holders thereof no less than 30 and no more than 60 days
prior to the effectiveness thereof.

Section 3.15. CUSIP Numbers.

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

                                      -30-
<PAGE>

                                   ARTICLE IV

                           SATISFACTION AND DISCHARGE

Section 4.1. 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
Securities herein expressly provided for and as otherwise provided in this
Section 4.1) and the Trustee, on demand of and at the expense of the Company,
shall execute proper instruments acknowledging satisfaction and discharge of
this Indenture, when

     (1) either

     (A) all Securities theretofore authenticated and delivered (other than (i)
Securities which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 3.6 and (ii) Securities for whose
payment money has theretofore been deposited in trust or segregated and held in
trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 10.3) have been delivered to the Trustee for
cancellation; or

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

     (i) have become due and payable, or

     (ii) will become due and payable at their Stated Maturity within one year
of the date of deposit, 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 Clause (B) (i), (ii) or (iii) above, has deposited or caused to be
deposited with the Trustee as trust funds in trust for such purpose an amount in
the currency or currencies in which the Securities of such series are payable
sufficient to pay and discharge the entire indebtedness on such Securities not
theretofore delivered to the Trustee for cancellation, for principal (and
premium, if any) and interest (including any Additional Interest) to the date of
such deposit (in the case of Securities which have become due and payable) or to
the Stated Maturity or Redemption Date, as the case may be;

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

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

     Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 6.6, the obligations of
the Trustee to any Authenticating Agent under Section 6.11 and, if money shall
have been deposited with the Trustee pursuant to

                                      -31-

<PAGE>

subclause (B) of clause (1) of this Section, the obligations of the Trustee
under Section 4.2 and the last paragraph of Section 10.3 shall survive.

Section 4.2. Application of Trust Money.

     Subject to the provisions of the last paragraph of Section 10.3, all money
deposited with the Trustee pursuant to Section 4.1 shall be held in trust and
applied by the Trustee, in accordance with the provisions of the Securities and
this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal (and premium, if
any) and interest for the payment of which such money or obligations have been
deposited with or received by the Trustee.

                                    ARTICLE V

                                    REMEDIES

Section 5.1. Events of Default.

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

     (1) default in the payment of any interest upon any Security of that
series, including any Additional Interest in respect thereof, when it becomes
due and payable, and continuance of such default for a period of 30 days
(subject to the deferral of any due date in the case of an Extension Period) or,
if later, the conclusion of a period consisting 20 or more consecutive quarters,
commencing with the quarter following the earliest quarter for which interest
(including interest payments deferred pursuant to Section 3.11) has not been
paid in full; or

     (2) 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

     (3) 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

     (4) the related National City Trust shall have voluntarily or involuntarily
dissolved, wound-up its business or otherwise terminated its existence, except
in connection with (i) the distribution of Securities to holders of the Capital
Securities, (ii) the redemption of Securities and the related series of Capital
Securities or (iii) a consolidation, merger, conveyance, transfer or lease
permitted by Section 8.1 of this Indenture; or

     (5) any other Event of Default provided with respect to Securities of that
series.

                                      -32-

<PAGE>

Section 5.2. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default with respect to Securities of any series at the time
Outstanding occurs and is continuing, then and in every such case the Trustee or
the Holders of not less than 25% in principal amount of the Outstanding
Securities of that series may declare the principal amount (or, if the
Securities of that series are Discount Securities, such portion of the principal
amount as may be specified in the terms of that series) of all the Securities of
that series to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), provided that, in the case of
the Securities of a series issued to a National City Trust, if, upon an Event of
Default, the Trustee or the Holders of not less than 25% in principal amount of
the Outstanding Securities of that series fail to declare the principal of all
the Securities of that series to be immediately due and payable, the holders of
at least 25% in aggregate liquidation amount of the corresponding series of
Capital Securities then outstanding shall have such right by a notice in writing
to the Company and the Trustee; and upon any such declaration such principal
amount (or specified portion thereof) of and the accrued interest (including any
Additional Interest) on all the Securities of such series shall become
immediately due and payable. Payment of principal and interest (including any
Additional Interest) on such Securities shall remain subordinated to the extent
provided in Article XIII notwithstanding that such amount shall become
immediately due and payable as herein provided.

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

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

     (A) all overdue installments of interest (including any Additional
Interest) on all Securities of that series,

     (B) the principal of (and premium, if any, on) any Securities of that
series which have become due otherwise than by such declaration of acceleration
and interest thereon at the rate borne by the Securities, and

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

     (2) all Events of Default with respect to Securities of that series, other
than the non-payment of the principal of Securities of that series which has
become due solely by such acceleration, have been cured or waived as provided in
Section 5.13.

     In the case of Securities of a series issued to a National City Trust, the
holders of a majority in aggregate Liquidation Amount (as defined in the Trust
Agreement under which such National City Trust is formed) of the related series
of Capital Securities issued by such National City Trust shall also have the
right to rescind and annul such declaration and its consequences by written
notice to the Company and the Trustee subject to the satisfaction of the
conditions set forth in Clauses (1) and (2) above of this Section 5.2.

                                      -33-

<PAGE>

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

Section 5.3. Collection of Indebtedness and Suits for Enforcement by Trustee.

     The Company covenants that if:

     (1) default is made in the payment of any installment of interest
(including any Additional Interest) on any Security 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 (and premium, if
any, on) any Security at the Maturity thereof,

     the Company will, upon demand of the Trustee, pay to the Trustee, for the
benefit of the Holders of such Securities, the whole amount then due and payable
on such Securities for principal, including any sinking fund payment or
analogous obligations (and premium, if any) and interest (including any
Additional Interest); and, in addition thereto, all amounts owing the Trustee
under Section 6.6.

     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 the Securities and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of
the property of the Company or any other obligor upon the Securities, wherever
situated.

     If an Event of Default with respect to Securities of any series occurs and
is continuing, the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Holders of Securities of such series 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 5.4. Trustee May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor upon the
Securities or the property of the Company or of such other obligor or their
creditors,

     (a) the Trustee (irrespective of whether the principal of the Securities of
any series 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 (and premium, if any) or
interest (including any Additional Interest)) shall be entitled and empowered,
by intervention in such proceeding or otherwise,

                                      -34-

<PAGE>

     (i) to file and prove a claim for the whole amount of principal (and
premium, if any) and interest (including any Additional Interest) owing and
unpaid in respect to the Securities and to file such other papers or documents
as may be necessary or advisable and to take any and all actions as are
authorized under the Trust Indenture Act in order to have the claims of the
Holders and any predecessor to the Trustee under Section 6.6 allowed in any such
judicial proceedings; and

     (ii) in particular, the Trustee shall be authorized to collect and receive
any moneys or other property payable or deliverable on any such claims and to
distribute the same in accordance with Section 5.6; and

     (b) any custodian, receiver, assignee, trustee, liquidator, sequestrator
(or other similar official) in any such judicial proceeding is hereby authorized
by each Holder to make such payments to the Trustee for distribution in
accordance with Section 5.6, and in the event that the Trustee shall consent to
the making of such payments directly to the Holders, to pay to the Trustee any
amount due to it and any predecessor Trustee under Section 6.6.

     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 Securities
or the rights of any Holder thereof, or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding; provided, however,
that the Trustee may, on behalf of the Holders, vote for the election of a
trustee in bankruptcy or similar official and be a member of a creditors' or
other similar committee.

Section 5.5. Trustee May Enforce Claim Without Possession of Securities.

     All rights of action and claims under this Indenture or the Securities may
be prosecuted and enforced by the Trustee without the possession of any of the
Securities or the production thereof in any proceeding relating thereto, and any
such proceeding instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment shall, after provision
for the payment of all the amounts owing the Trustee and any predecessor Trustee
under Section 6.6, its agents and counsel, be for the ratable benefit of the
Holders of the Securities in respect of which such judgment has been recovered.

Section 5.6. Application of Money Collected.

     Any money or property collected or to be applied by the Trustee with
respect to a series of Securities 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 or property on account of principal (or premium,
if any) or interest (including any Additional Interest), upon presentation of
the Securities and the notation thereon of the payment if only partially paid
and upon surrender thereof if fully paid:

     FIRST: To the payment of all amounts due the Trustee and any predecessor
Trustee under Section 6.7;

                                      -35-

<PAGE>

     SECOND: Subject to Article XIII, to the payment of the amounts then due and
unpaid upon such series of Securities for principal (and premium, if any) and
interest (including any Additional Interest), 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 series of
Securities for principal (and premium, if any) and interest (including any
Additional Interest), respectively; and

     THIRD: The balance, if any, to the Person or Persons entitled thereto.

Section 5.7. Limitation on Suits.

     No Holder of any Securities of any series shall have any right to institute
any proceeding, judicial or otherwise, with respect to this Indenture or for the
appointment of a receiver, assignee, trustee, liquidator, sequestrator (or other
similar official) or for any other remedy hereunder, unless:

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

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

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

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

     (5) no direction inconsistent with such written request has been given to
the Trustee during such 60-day period by the Holders of a majority in principal
amount of the Outstanding Securities of that 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 itself of,
any provision of this Indenture to affect, disturb or prejudice the rights of
any other Holders of Securities, 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 such Holders.

Section 5.8. Unconditional Right of Holders to Receive Principal, Premium and
Interest; Direct Action by Holders of Capital Securities.

     Notwithstanding any other provision in this Indenture, the Holder of any
Security shall have the right which is absolute and unconditional to receive
payment of the principal of (and premium, if any) and (subject to Section 3.7)
interest (including any Additional Interest) on such Security on the respective
Stated Maturities expressed in such Security (or, in the case of redemption, on
the Redemption Date) and to institute suit for the enforcement of any such

                                      -36-

<PAGE>

payment, and such right shall not be impaired without the consent of such
Holder. In the case of Securities of a series issued to a National City Trust,
any holder of the corresponding series of Capital Securities issued by such
National City Trust shall have the right, upon the occurrence of an Event of
Default described in Section 5.1(1), to institute a suit directly against the
Company for enforcement of payment to such holder of principal of (premium, if
any) and (subject to Section 3.7) interest (including any Additional Interest)
on the Securities having a principal amount equal to the aggregate Liquidation
Amount (as defined in the Trust Agreement under which such National City Trust
is formed) of such Capital Securities of the corresponding series held by such
holder.

Section 5.9. Restoration of Rights and Remedies.

     If the Trustee, any Holder or any holder of Capital Securities has
instituted any proceeding to enforce any right or remedy under this Indenture
and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee, such Holder or such holder of Capital
Securities, then and in every such case the Company, the Trustee, the Holders
and such holder of Capital Securities 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, the
Holders and the holders of Capital Securities shall continue as though no such
proceeding had been instituted.

Section 5.10. Rights and Remedies Cumulative.

     Except as otherwise provided in the last paragraph of Section 3.6, 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 5.11. Delay or Omission Not Waiver.

     No delay or omission of the Trustee, any Holder of any Security or any
holder of any Capital Security to exercise any right or remedy accruing upon any
Event of Default shall impair any such right or remedy or constitute a waiver of
any such Event of Default or an acquiescence therein.

     Every right and remedy given by this Article or by law to the Trustee or to
the Holders and the right and remedy given to the holders of Capital Securities
by Section 5.8 may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee, the Holders or the holders of Capital Securities, as
the case may be.

Section 5.12. Control by Holders.

     The Holders of a majority in principal amount of the Outstanding Securities
of any series shall have the right to direct the time, method and place of
conducting any proceeding for any

                                      -37-

<PAGE>

remedy available to the Trustee or exercising any trust or power conferred on
the Trustee, with respect to the Securities of such series, provided that:

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

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

     (3) subject to the provisions of Section 6.2, the Trustee shall have the
right to decline to follow such direction if a Responsible Officer or Officers
of the Trustee shall, in good faith, determine that the proceeding so directed
would be unjustly prejudicial to the Holders not joining in any such direction
or would involve the Trustee in personal liability.

Section 5.13. Waiver of Past Defaults.

     The Holders of not less than a majority in principal amount of the
Outstanding Securities of any series and, in the case of any Securities of a
series issued to a National City Trust, the holders of Capital Securities issued
by such National City Trust may waive any past default hereunder and its
consequences with respect to such series except a default:

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

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

     Any such waiver shall be deemed to be on behalf of the Holders of all the
Securities of such series or, in the case of a waiver by holders of Capital
Securities issued by such National City Trust, by all holders of Capital
Securities issued by such National City Trust.

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

Section 5.14. Undertaking for Costs.

     All parties to this Indenture agree, and each Holder of any Security 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 or
omitted by it as Trustee, the filing by any party 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,
against any party litigant in such suit, having due regard to the merits and
good faith of the claims or defenses made by such party litigant; but the
provisions of this Section shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Holder, or group of Holders, holding in
the aggregate more than 10% in principal amount of the Outstanding Securities of
any series, or to any suit instituted by any Holder for the enforcement of the
payment of the principal of (or premium, if any) or interest

                                      -38-

<PAGE>

(including any Additional Interest) on any Security on or after the respective
Stated Maturities expressed in such Security.

Section 5.15. Waiver of Usury, 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 usury, stay or extension law wherever
enacted, now or at any time hereafter in force, which may affect the covenants
or the performance of this Indenture; and the Company (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such
law, and covenants that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted.

                                   ARTICLE VI

                                   THE TRUSTEE

Section 6.1. Certain Duties and Responsibilities.

     Within 90 days after the occurrence of any default hereunder with respect
to the Securities of any series, the Trustee shall transmit in the manner and to
the extent provided in Section 313(c) of the Trust Indenture Act, notice of such
default hereunder known to a Responsible Officer of the Trustee, unless such
default shall have been cured or waived. However, except in the case of a
default in the payment of the principal of (or premium, if any) or interest on,
or any Additional Amounts with respect to, any Security of such series or in the
payment of any sinking fund installment with respect to Securities of such
series, the Trustee shall be protected in withholding such notice if and so long
as the board of directors, the executive committee or a trust committee of
directors and/or Responsible Officers of the Trustee in good faith determine
that the withholding of such notice is in the interests of the Holders of
Securities of such series.

Section 6.2. Certain Rights of Trustee.

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

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

     (b) any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or a Company Order (other than
delivery of any Security to the Trustee for authentication and delivery pursuant
to Section 3.3 which shall be sufficiently evidenced as provided therein) and
any resolution of the Board of Directors may be sufficiently evidenced by a
Board Resolution or Board Resolutions;

                                      -39-

<PAGE>

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

     (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 Securities of any series pursuant to this Indenture, unless such
Holders shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction;

     (f) the Trustee shall not be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture or
other paper or document, but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit,
and, if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises
of the Company, personally or by agent or attorney at the sole cost of the
Company and shall incur no liability or additional liability of any kind by
reason of such inquiry or investigation;

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

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

     (i) the Trustee shall not be deemed to have notice of any Default or Event
of Default unless a Responsible Officer of the Trustee has actual knowledge
thereof or unless written notice of any event which is in fact such a default is
received by the Trustee at the Corporate Trust Office of the Trustee, and such
notice references the Securities and this Indenture; and

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

Section 6.3. Not Responsible for Recitals or Issuance of Securities.

     The recitals contained herein and in the Securities, except the Trustee's
certificate of authentication, and in any coupons shall be taken as the
statements of the Company and the Trustee or any Authenticating Agent assumes no
responsibility for their correctness The Trustee

                                      -40-

<PAGE>

makes no representations as to the validity or sufficiency of this Indenture or
of the Securities or Coupons. The Trustee represents that it is duly authorized
to execute and deliver this Indenture, authenticate the Securities and perform
its obligations hereunder and that the statements made by it in a Statement of
Eligibility and Qualification on Form T-1 supplied to the Company are true and
accurate, subject to the qualifications set forth therein. The Trustee or any
Authenticating Agent shall not be accountable for the use or application by the
Company of Securities or the proceeds thereof.

Section 6.4. May Hold Securities.

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

Section 6.5. Money Held in Trust.

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

Section 6.6. Compensation and Reimbursement.

     The Company agrees

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

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

     (3) to indemnify each of the Trustee and any predecessor Trustee and its
agents for, and to hold them harmless against, any loss, liability or expense
including taxes (other than taxes based upon, measured by or determined by the
income of the Trustee) incurred without negligence or bad faith on their part,
arising out of or in connection with the acceptance or administration of the
trust or trusts hereunder, including the costs and expenses of defending
themselves against any claim or liability in connection with the exercise or
performance of any of their powers or duties hereunder.

                                      -41-

<PAGE>

     As security for the performance of the obligations of the Company under
this Section, the Trustee shall have a lien prior to the Securities of any
series upon all property and funds held or collected by the Trustee as such,
except funds held in trust for the payment of principal of (or premium, if any)
or interest on Securities. When the Trustee incurs expenses or renders services
after an Event of Default occurs, the expenses and compensation for the services
of the Trustee are intended to constitute expenses of administration under any
bankruptcy law or any similar federal or state law for the relief of debtors The
provisions of this Section 606 shall survive the termination of this Indenture.

Section 6.7. Corporate Trustee Required; Eligibility; Conflicting Interests.

     There shall at all times be a Trustee hereunder that is a corporation
permitted by Section 310(a)(1) and (5) of the Trust Indenture Act to act as
trustee under the Trust Indenture Act and 51 that has a combined capital and
surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture
Act) of at least $50,000,000. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereinafter specified in this
Article. If the Trustee has or shall acquire any conflicting interest, as
defined in Section 310(b) of the Trust Indenture Act, with respect to the
Securities of any series, the Trustee shall take such action as is required
pursuant to said Section 310(b).

Section 6.8. Resignation and Removal; Appointment of Successor.

     (1) No resignation or removal of the Trustee and no appointment of a
successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee pursuant to Section 6.9.

     (2) The Trustee may resign at any time with respect to the Securities of
one or more series by giving written notice thereof to the Company. If the
instrument of acceptance by a successor Trustee required by Section 6.9 shall
not have been delivered to the Trustee within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to such
series.

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

     (4) If at any time:

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

                                      -42-

<PAGE>

          (b)  the Trustee shall cease to be eligible under Section 6.7 and
               shall fail to resign after written request therefor by the
               Company or by any such Holder of a Security, or

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

               (i)  the Company, by or pursuant to a Board Resolution, may
                    remove the Trustee with respect to all Securities, or

               (ii) subject to Section 315(e) of the Trust Indenture Act, any
                    Holder of a Security who has been a bona fide Holder of a
                    Security of any series for at least six months may, on
                    behalf of himself and all others similarly situated,
                    petition any court of competent jurisdiction for the removal
                    of the Trustee with respect to all Securities of such series
                    and the appointment of a successor Trustee or Trustees.

     (5) If the Trustee shall resign, be removed or become incapable of acting,
or if a vacancy shall occur in the office of Trustee for any cause, with respect
to the Securities of one or more series, the Company, by or pursuant to a Board
Resolution, shall promptly appoint a successor Trustee or Trustees with respect
to the Securities of that or those series (it being understood that any such
successor Trustee may be appointed with respect to the Securities of one or more
or all of such series and that at any time there shall be only one Trustee with
respect to the Securities of any particular series) and shall comply with the
applicable requirements of Section 6.9. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a
successor Trustee with respect to the Securities of any series shall be
appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance
of such appointment in accordance with the applicable requirements of Section
6.9, become the successor Trustee with respect to the Securities of such series
and to that extent supersede the successor Trustee appointed by the Company. If
no successor Trustee with respect to the Securities of any series shall have
been so appointed by the Company or the Holders of Securities and accepted
appointment in the manner required by Section 6.9, any Holder of a Security who
has been a bona fide Holder of a Security of such series for at least six months
may, on behalf of himself and all others similarly situated, petition any court
of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series.

     (6) The Company shall give notice of each resignation and each removal of
the Trustee with respect to the Securities of any series and each appointment of
a successor Trustee with respect to the Securities of any series by mailing
written notice of such event by first-class mail, postage prepaid, to the
Holders of Registered Securities, if any, of such series as their names and
addresses appear in the Security Register. If Securities of such series are
issued as

                                      -43-

<PAGE>

Bearer Securities, the Company shall publish notice of such event once in an
Authorized Newspaper in each Place of Payment located outside the United States.
Each notice shall 53 include the name of the successor Trustee with respect to
the Securities of such series and the address of its Corporate Trust Office.

Section 6.9. Acceptance of Appointment by Successor.

     (1) In case of the appointment hereunder of a successor Trustee with
respect to all Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and the retiring Trustee an
instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee. On the request of the
Company and/or the successor Trustee, such retiring Trustee shall, upon payment
of its charges, execute and deliver an instrument transferring to such successor
Trustee all the rights, powers and trusts of the retiring Trustee and shall duly
assign, transfer and deliver to such successor Trustee all property and money
held by such retiring Trustee hereunder, subject nevertheless to its claim, if
any, provided for in Section 6.6.

     (2) In case of the appointment hereunder of a successor Trustee with
respect to the Securities of one or more (but not all) series, the Company, the
retiring Trustee and each successor Trustee with respect to the Securities of
one or more series shall execute and deliver an indenture supplemental hereto
wherein each successor Trustee shall accept such appointment and which

          (a)  shall contain such provisions as shall be necessary or desirable
               to transfer and confirm to, and to vest in, each successor
               Trustee all the rights, powers, trusts and duties of the retiring
               Trustee with respect to the Securities of that or those series to
               which the appointment of such successor Trustee relates,

          (b)  if the retiring Trustee is not retiring with respect to all
               Securities, shall contain such provisions as shall be deemed
               necessary or desirable to confirm that all the rights, powers,
               trusts and duties of the retiring Trustee with respect to the
               Securities of that or those series as to which the retiring
               Trustee is not retiring shall continue to be vested in the
               retiring Trustee, and

          (c)  shall add to or change any of the provisions of this Indenture as
               shall be necessary to provide for or facilitate the
               administration of the trusts hereunder by more than one Trustee.

     Herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust, that each such Trustee shall be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee and that no Trustee shall be responsible
for any notice given to, or received by, or any act or failure to act on the
part of any other Trustee hereunder, and upon the execution and delivery of such
supplemental

                                      -44-

<PAGE>

indenture the resignation or removal of the retiring Trustee shall become
effective to the extent provided therein, such retiring Trustee shall with
respect to the Securities of that or those series to which the appointment of
such successor Trustee relates have no further responsibility for the exercise
of rights and powers or for the performance of the duties and obligations vested
in the Trustee under this Indenture other than as hereinafter expressly set
forth, and each such successor Trustee without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series
to which the appointment of such successor Trustee relates; but, on request of
the Company or any successor Trustee, such retiring Trustee shall duly assign,
transfer and deliver to such successor Trustee, to the extent contemplated by
such supplemental indenture, the property and money held by such retiring
Trustee hereunder with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates.

     (3) 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 (1) or (2) of this Section, as the case may be.

     (4) 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 Six.

Section 6.10. Merger, Conversion, Consolidation or Succession to Business.

     (1) Without the execution or filing of any paper or any further act on the
part of any of the parties hereto, (1) any corporation into which the Trustee
may be merged or converted or with which it may be consolidated, or

     (2) any corporation resulting from any merger, conversion or consolidation
to which the Trustee shall be a party, or

     (3) 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 that such corporation
shall be otherwise qualified and eligible under this Article Six. In case any
Securities shall have been authenticated, but not delivered, by the Trustee then
in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Securities
so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities.

Section 6.11. Appointment of Authenticating Agent.

     The Trustee may appoint an Authenticating Agent or Authenticating Agents,
which may be an Affiliate of the Company, with respect to one or more series of
Securities which shall be authorized to act on behalf of the Trustee to
authenticate Securities of that or those series issued upon original issue or
exchange, registration of transfer or partial redemption or pursuant to Section
306. Securities so authenticated shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated
by the Trustee hereunder.

                                      -45-

<PAGE>

Wherever reference is made in this Indenture to the authentication and delivery
of Securities by the Trustee or the Trustee's certificate of authentication,
such reference shall be deemed to include authentication and delivery on behalf
of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent.

     Each Authenticating Agent shall be acceptable to the Company and, except as
specified as contemplated by Section 301, shall at all times

     (1) be a corporation that would be permitted by Section 310(a)(1) and (5)
of the Trust Indenture Act to be able to act as a trustee under an indenture
qualified under the Trust Indenture Act,

     (2) be authorized under applicable law and by its charter to act as such
and

     (3) have a combined capital and surplus (computed in accordance with
Section 310(a)(2) of the Trust Indenture Act) of not less that $50,000,000.

     If at any time an Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section, such Authenticating Agent shall
resign immediately in the manner and with the effect specified in this Section.
If the Authenticating Agent has or shall acquire any conflicting interest, as
defined in Section 310(b) of the Trust Indenture Act, with respect to the
Securities of any series, the Authenticating Agent shall take such action as is
required pursuant to said Section 310(b).

     Without the execution or filing of any paper or any further act on the part
of the Trustee or the Authenticating Agent,

     (a)  any corporation into which an Authenticating Agent may be merged or
          converted or with which it may be consolidated, or

     (b)  any corporation resulting from any merger, conversion or consolidation
          to which such Authenticating Agent shall be a party, or

     (c)  any corporation succeeding to the corporate agency or corporate trust
          business of an Authenticating Agent,

shall continue to be an Authenticating Agent, provided such corporation shall be
otherwise eligible under this Section.

     An Authenticating Agent may resign at any time by giving written notice
thereof to the Trustee and the Company. The Trustee may at any time terminate
the agency of an Authenticating Agent by giving written notice thereof to such
Authenticating Agent and the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company. At such time, the Trustee shall
also

                                      -46-
<PAGE>

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

     (ii) if Securities of the series are issued as Bearer Securities, publish
          notice of such appointment at least once in an Authorized Newspaper in
          the place where such successor Authenticating Agent has its principal
          office if such office is located outside the United States.

Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent.
No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section.

     The Company agrees to pay each Authenticating Agent from time to time
reasonable compensation for its services under this Section. If the Trustee
makes such payments, it shall be entitled to be reimbursed for such payments,
subject to the provisions of Section 6.6.

     The provisions of Sections 3.8, 6.3 and 6.4 shall be applicable to each
Authenticating Agent.

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

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

     Dated:
            ------------------

                                        BANK OF NEW YORK,
                                        as Trustee

                                        By:
                                            ------------------------------------
                                            As Authenticating Agent

                                        By:
                                            ------------------------------------
                                            Authorized Signatory

     If all of the Securities of any series may not be originally issued at one
time, and if the Trustee does not have an office capable of authenticating
Securities upon original issuance located in a Place of Payment where the
Company wishes to have Securities of such series authenticated upon original
issuance, the Trustee, if so requested in writing (which writing need not comply
with Section 102) by the Company, shall appoint in accordance with this Section
an Authenticating Agent having an office in a Place of Payment designated by the
Company with respect to such series of Securities.

                                      -47-

<PAGE>

     The Trustee is hereby appointed as an Authenticating Agent.

                                   ARTICLE VII

                HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY

Section 7.1. Company to Furnish Trustee Names and Addresses of Holders.

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

     (a) semi-annually, not more than 15 days after January 15 and July 15 in
each year, a list, in such form as the Trustee may reasonably require, of the
names and addresses of the Holders as of January 1 and July 1 of such year, and

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

     excluding from any such list names and addresses received by the Trustee in
its capacity as Securities Registrar.

Section 7.2. Preservation of Information, Communications to Holders.

     (a) The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 7.1 and the names and
addresses of Holders received by the Trustee in its capacity as Securities
Registrar. The Trustee may destroy any list furnished to it as provided in
Section 7.1 upon receipt of a new list so furnished.

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

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

Section 7.3. Reports by Trustee.

     (a) The Trustee shall transmit to Holders such reports concerning the
Trustee and its actions under this Indenture as may be required pursuant to the
Trust Indenture Act, at the times and in the manner provided pursuant thereto.

     (b) Reports so required to be transmitted at stated intervals of not more
than 12 months shall be transmitted no later than July 15 in each calendar year,
commencing with the first July 15 after the first issuance of Securities under
this Indenture.

                                      -48-

<PAGE>

     (c) 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
Securities are listed and also with the Commission. The Company will notify the
Trustee when any Securities are listed on any stock exchange.

Section 7.4. Reports by Company.

     The Company shall file with the Trustee and with 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
times and in the manner provided in the Trust Indenture Act; provided that any
such information, documents or reports required to be filed with the Commission
pursuant to Section 13 or Section 15(d) of the Exchange Act shall be filed with
the Trustee within 15 days after the same is required to be filed with the
Commission. Notwithstanding that the Company may not be required to remain
subject to the reporting requirements of Section 13 or 15(d) of the Exchange
Act, the Company shall continue to file with the Commission and provide the
Trustee with the annual reports and the information, documents and other reports
which are specified in Sections 13 and 15(d) of the Exchange Act. The Company
also shall comply with the other provisions of Trust Indenture Act Section
314(a).

                                  ARTICLE VIII

              CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

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

     The Company shall not consolidate with or merge into any other Person or
convey, transfer or lease its properties and assets substantially as an entirety
to any Person, and no Person shall consolidate with or merge into the Company or
convey, transfer or lease its properties and assets substantially as an entirety
to the Company, unless:

     (1) in case the Company shall consolidate with or merge into another Person
or convey, transfer or lease its properties and assets substantially as an
entirety to any Person, the 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, partnership or trust
organized and existing under the laws of the United States of America or any
State or the District of Columbia, and shall expressly assume, by an indenture
supplemental hereto, executed and delivered to the Trustee, in form satisfactory
to the Trustee, the due and punctual payment of the principal of (and premium,
if any) and interest (including any Additional Interest) on all the Securities
and the performance of every covenant of this Indenture on the part of the
Company to be performed or observed;

     (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;

     (3) in the case of the Securities of a series issued to a National City
Trust, such consolidation, merger, conveyance, transfer or lease is permitted
under the related Trust

                                      -49-

<PAGE>

Agreement and related National City Guarantee and does not give rise to any
breach or violation of the related Trust Agreement or related National City
Guarantee; and

     (4) 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 any such supplemental indenture comply with this Article
and that all conditions precedent herein provided for relating to such
transaction have been complied with; and the Trustee, subject to Section 6.1,
may rely upon such Officers' Certificate and Opinion of Counsel as conclusive
evidence that such transaction complies with this Section 8.1.

Section 8.2. Successor Corporation Substituted.

     Upon any consolidation or merger by the Company with or into any other
Person, or any conveyance, transfer or lease by the Company of its properties
and assets substantially as an entirety to any Person in accordance with Section
8.1, 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
Person had been named as the Company herein; and in the event of any such
conveyance, transfer or lease the Company shall be discharged from all
obligations and covenants under the Indenture and the Securities and may be
dissolved and liquidated.

     Such successor Person may cause to be signed, and may issue either in its
own name or in the name of the Company, any or all of the Securities issuable
hereunder which theretofore shall not have been signed by the Company and
delivered to the Trustee; and, upon the order of such successor Person instead
of the Company and subject to all the terms, conditions and limitations in this
Indenture prescribed, the Trustee shall authenticate and shall deliver any
Securities which previously shall have been signed and delivered by the officers
of the Company to the Trustee for authentication pursuant to such provisions and
any Securities which such successor Person thereafter shall cause to be signed
and delivered to the Trustee on its behalf for the purpose pursuant to such
provisions. All the Securities so issued shall in all respects have the same
legal rank and benefit under this Indenture as the Securities theretofore or
thereafter issued in accordance with the terms of this Indenture as though all
of such Securities had been issued at the date of the execution hereof.

     In case of any such consolidation, merger, sale, conveyance or lease, such
changes in phraseology and form may be made in the Securities thereafter to be
issued as may be appropriate.

                                   ARTICLE IX

                             SUPPLEMENTAL INDENTURES

Section 9.1. 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,
provided, however, that the

                                      -50-

<PAGE>

form and terms of Securities of any series may be established by a Board
Resolution, as set forth in the Officers' Certificate delivered to the Trustee
pursuant to Section 3.1, without entering into a supplemental indenture for all
purposes hereunder, for any of the following purposes:

     (1) to evidence the succession of another Person to the Company, and the
assumption by any such successor of the covenants of the Company herein and in
the Securities contained; or

     (2) 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 establish the form or terms of Securities of any series as permitted
by Sections 2.1 or 3.1; or

     (4) to add to the covenants of the Company for the benefit of the Holders
of all or any series of Securities (and if such covenants are to be for the
benefit of less than all series of Securities, stating that such covenants are
expressly being included solely for the benefit of such series) or to surrender
any right or power herein conferred upon the Company; or

     (5) to add any additional Events of Default for the benefit of the Holders
of all or any series of Securities (and if such additional Events of Default are
to be for the benefit of less than all series of Securities, stating that such
additional Events of Default are expressly being included solely for the benefit
of such series); or

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

     (7) to cure any ambiguity, to correct or supplement any provision herein
which may be defective or inconsistent with any other provision herein, or to
make any other provisions with respect to matters or questions arising under
this Indenture, provided that such action pursuant to this clause (7) shall not
adversely affect the interest of the Holders of Securities of any series in any
material respect or, in the case of the Securities of a series issued to a
National City Trust and for so long as any of the corresponding series of
Capital Securities issued by such National City Trust shall remain outstanding,
the holders of such Capital Securities; or

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

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

                                      -51-

<PAGE>

Section 9.2. Supplemental Indentures with Consent of Holders.

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

     (1) except to the extent permitted by Section 3.11 or as otherwise
specified as contemplated by Section 2.1 or Section 3.1 with respect to the
deferral of the payment of interest on the Securities of any series, change the
Stated Maturity of the principal of, or any installment of interest (including
any Additional Interest) on, any Security, or reduce the principal amount
thereof or the rate of interest thereon or reduce any premium payable upon the
redemption thereof, or reduce the amount of principal of a Discount Security
that would be due and payable upon a declaration of acceleration of the Maturity
thereof pursuant to Section 5.2, or change the place of payment where, or the
coin or currency in which, any Security or interest thereon is payable, or
impair the right to institute suit for the enforcement of any such payment on or
after the Stated Maturity thereof (or, in the case of redemption, on or after
the Redemption Date), or

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

     (3) modify any of the provisions of this Section, Section 5.13 or Section
10.5, except to increase any such percentage or to provide that certain other
provisions of this Indenture cannot be modified or waived without the consent of
the Holder of each Security affected thereby; or

     (4) modify the provisions in Article XIII of this Indenture with respect to
the subordination of Outstanding Securities of any series in a manner adverse to
the Holders thereof;

     provided, further, that, in the case of the Securities of a series issued
to a National City Trust, so long as any of the corresponding series of Capital
Securities issued by such National City Trust remains outstanding, (i) no such
amendment shall be made that adversely affects the holders of such Capital
Securities in any material respect, and no termination of this Indenture shall
occur, and no waiver of any Event of Default or compliance with any covenant
under this Indenture shall be effective, without the prior consent of the
holders of at least a majority of the aggregate liquidation preference of such
Capital Securities then outstanding unless and until the principal (and premium,
if any) of the Securities of such series and all accrued and, subject to Section
3.7, unpaid interest (including any Additional Interest) thereon have been paid
in full and (ii) no amendment shall be made to Section 5.8 of this Indenture
that would impair the rights of the holders of Capital Securities provided
therein without the prior consent of the holders of each

                                      -52-

<PAGE>

Capital Security then outstanding unless and until the principal (and premium,
if any) of the Securities of such series and all accrued and (subject to Section
3.7) unpaid interest (including any Additional Interest) thereon have been paid
in full.

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

     It shall not be necessary for any Act of Holders 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 9.3. Execution of Supplemental Indentures.

     In executing or accepting the additional series of Securities created by
any supplemental indenture permitted by this Article or the modifications
thereby of any series of Securities previously created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 6.1) shall be
fully protected in relying upon, an Officers' Certificate and an Opinion of
Counsel stating that the execution of such supplemental indenture is authorized
or permitted by this Indenture, and that all conditions precedent have been
complied with. The Trustee may, but shall not be obligated to, enter into any
such supplemental indenture which affects the Trustee's own rights, duties or
immunities under this Indenture or otherwise.

Section 9.4. Effect of Supplemental Indentures.

     Upon the execution of any supplemental indenture under this Article IX or
delivery to the Trustee of the Officers' Certificate pursuant to Section 3.1
hereof (which Officers' Certificate shall have the effect of a supplemental
indenture for all purposes hereunder), this Indenture shall be modified in
accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Securities theretofore or
thereafter authenticated and delivered hereunder shall be bound thereby.

Section 9.5. Conformity with Trust Indenture Act.

     Every supplemental indenture executed pursuant to this Article IX and every
Officers' Certificate delivered to the trustee pursuant to Section 3.1 hereof
shall conform to the requirements of the Trust Indenture Act as then in effect.

Section 9.6. Reference in Securities to Supplemental Indentures.

     Securities authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article IX or delivery to the Trustee of
the Officers' Certificate pursuant to Section 3.1 hereof (which Officers'
Certificate shall have the effect of a supplemental indenture for all purposes
hereunder) may, and shall if required by the Company, bear a notation in form
approved by the Company as to any matter provided for in such supplemental
indenture or such

                                      -53-

<PAGE>

Officers' Certificate. If the Company shall so determine, new Securities of any
series so modified as to conform, in the opinion of the Company, to any such
supplemental indenture or such Officer's Certificate may be prepared and
executed by the Company and authenticated and delivered by the Trustee in
exchange for Outstanding Securities of such series.

                                    ARTICLE X

                                    COVENANTS

Section 10.1. Payment of Principal, Premium and Interest.

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

Section 10.2. Maintenance of Office or Agency.

     The Company will maintain in each Place of Payment for any series of
Securities, an office or agency where Securities of that series may be presented
or surrendered for payment and an office or agency where Securities of that
series may be surrendered for transfer or exchange and where notices and demands
to or upon the Company in respect of the Securities of that series and this
Indenture may be served. The Company initially appoints the Trustee, acting
through its Corporate Trust Office, as its agent for said purposes. The Company
will give prompt written notice to the Trustee of any change in the location of
any such office or agency. If at any time the Company shall fail to maintain
such office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or
served at the Corporate Trust Office of the Trustee, and the Company hereby
appoints the Trustee as its agent to receive all such presentations, surrenders,
notices and demands.

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

Section 10.3. Money for Security Payments to be Held in Trust.

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

     Whenever the Company shall have one or more Paying Agents, it will, prior
to 10:00 a.m. New York City time on each due date of the principal of or
interest on any Securities,

                                      -54-

<PAGE>

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 and premium (if any) or
interest, and (unless such Paying Agent is the Trustee) the Company will
promptly notify the Trustee of its failure so to act.

     The Company will cause each Paying Agent other than the Trustee to execute
and deliver to the Trustee an instrument in which such Paying Agent shall agree
with the Trustee, subject to the provisions of this Section 10.3, that such
Paying Agent will:

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

     (2) give the Trustee notice of any default by the Company (or any other
obligor upon the Securities) in the making of any payment of principal (and
premium, if any) or interest:

     (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; and

     (4) comply with the provisions of the Trust Indenture Act applicable to it
as a Paying Agent.

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

     Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of (and premium, if any)
or interest on any Security and remaining unclaimed for two years after such
principal (and premium, if any) or interest has become due and payable shall
(unless otherwise required by mandatory provision of applicable escheat or
abandoned or unclaimed property law) be paid on Company Request to the Company,
or (if then held by the Company) shall (unless otherwise required by mandatory
provision of applicable escheat or abandoned or unclaimed property law) be
discharged from such trust; and the Holder of such Security shall thereafter, as
an unsecured general creditor, look only to the Company for payment thereof, and
all liability of the Trustee or such Paying Agent with respect to such trust
money, and all liability of the Company as trustee thereof, shall thereupon
cease; provided, however, that the Trustee or such Paying Agent, before being
required to make any such repayment, may at the expense of the Company cause to
be published once, in a newspaper published in the English language, customarily
published on each Business Day and of general circulation in the Borough of
Manhattan, The City of New York, notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from
the date of such publication, any unclaimed balance of such money then remaining
will be repaid to the Company.

                                      -55-

<PAGE>

Section 10.4. Statement as to Compliance.

     The Company shall deliver to the Trustee, within 120 days after the end of
each calendar year of the Company ending after the date hereof, an Officers'
Certificate covering the preceding calendar year, stating whether or not to the
best knowledge of the signers thereof the Company is in default in the
performance, observance or fulfillment of or compliance with any of the terms,
provisions, covenants and conditions of this Indenture, and if the Company shall
be in default, specifying all such defaults and the nature and status thereof of
which they may have knowledge. For the purpose of this Section 10.4, compliance
shall be determined without regard to any grace period or requirement of notice
provided pursuant to the terms of this Indenture.

Section 10.5. Waiver of Certain Covenants.

     The Company may omit in any particular instance to comply with any covenant
or condition provided pursuant to Sections 3.1, 9.1(3), or 9.1(4) with respect
to the Securities of any series, if before or after the time for such compliance
the Holders of at least a majority in principal amount of the Outstanding
Securities of such series shall, by Act of such Holders, either waive such
compliance in such instance or generally waive compliance with such 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 in respect of any such covenant
or condition shall remain in full force and effect.

Section 10.6. Additional Sums.

     In the case of the Securities of a series issued to a National City Trust,
so long as no Event of Default has occurred and is continuing and except as
otherwise specified as contemplated by Section 2.1 or Section 3.1, in the event
that (i) such National City Trust is the Holder of all of the Outstanding
Securities of such series, (ii) a Tax Event in respect of such National City
Trust shall have occurred and be continuing and (iii) the Company shall not have
(A) redeemed the Securities of such series pursuant to Section 11.7(b) or (B)
terminated such National City Trust pursuant to Section 9.2(b) of the related
Trust Agreement, the Company shall pay to such National City Trust (and its
permitted successors or assigns under the related Trust Agreement) for so long
as such National City Trust (or its permitted successor or assignee) is the
registered holder of any Securities of such series, such additional amounts as
may be necessary in order that the amount of Distributions (including any
Additional Amounts (as defined in such Trust Agreement)) then due and payable by
such National City Trust on the related Capital Securities and Common Securities
that at any time remain outstanding in accordance with the terms thereof shall
not be reduced as a result of any Additional Taxes (the "Additional Sums").
Whenever in this Indenture or the Securities there is a reference in any context
to the payment of principal of or interest on the Securities, such mention shall
be deemed to include mention of the payments of the Additional Sums provided for
in this paragraph to the extent that, in such context, Additional Sums are, were
or would be payable in respect thereof pursuant to the provisions of this
paragraph and express mention of the payment of Additional Sums (if applicable)
in any provisions hereof shall not be construed as excluding Additional Sums in
those provisions hereof where such express mention is not made; provided,
however, that the

                                      -56-

<PAGE>

deferral of the payment of interest pursuant to Section 3.11 or the Securities
shall not defer the payment of any Additional Sums that may be due and payable.

Section 10.7. Additional Covenants.

     The Company covenants and agrees with each Holder of Securities of any
series that it shall not, and it shall not permit any Subsidiary of the Company
to, (a) declare or pay any dividends or distributions on, or redeem purchase,
acquire or make a liquidation payment with respect to, any shares of the
Company's capital stock (which includes common and preferred stock), or (b) make
any payment of principal of or interest or premium, if any, on or repay,
repurchase or redeem any debt securities of the Company (including Securities
other than the Securities of such series) that rank pari passu with or junior in
interest to the Securities of such series or make any guarantee payments with
respect to any guarantee by the Company of debt securities of any subsidiary of
the Company (including National City Guarantees other than the National City
Guarantee related to the Capital Securities issued by the National City Trust
holding Securities of such series) if such guarantee ranks pari passu with or
junior in interest to the Securities (other than (a) dividends or distributions
in Common Stock of the Company, (b) any declaration of a dividend in connection
with the implementation of a rights plan or the issuance of stock under any such
plan or the redemption or repurchase of any such rights pursuant thereto, (c)
payments under the National City Guarantee related to the Capital Securities
issued by the National City Trust holding Securities of such series, and (d)
purchases of Common Stock related to the issuance of Common Stock or rights
under any of the Company's benefit plans for its directors, officers or
employees) if at such time (i) there shall have occurred any event of which the
Company has actual knowledge that (A) with the giving of notice or the lapse of
time or both, would constitute an Event of Default with respect to the
Securities of such series and (B) in respect of which the Company shall not have
taken reasonable steps to cure, (ii) if the Securities of such series are held
by a National City Trust, the Company shall be in default with respect to its
payment of any obligations under the National City Guarantee relating to the
Capital Securities issued by such National City Trust or (iii) the Company shall
have given notice of its election to begin an Extension Period with respect to
the Securities of such series as provided herein and shall not have rescinded
such notice, or such Extension Period, or any extension thereof, shall be
continuing.

     The Company also covenants with each Holder of Securities of a series
issued to a National City Trust (i) to maintain directly or indirectly 100%
ownership of the Common Securities of such National City Trust; provided,
however, that any permitted successor of the Company hereunder may succeed to
the Company's ownership of such Common Securities, (ii) not to voluntarily
terminate, wind-up or liquidate such National City Trust, except (a) in
connection with a distribution of the Securities of such series to the holders
of Trust Securities in liquidation of such National City Trust or (b) in
connection with certain mergers, consolidations or amalgamations permitted by
the related Trust Agreement and (iii) to use its reasonable efforts, consistent
with the terms and provisions of such Trust Agreement, to cause such National
City Trust to remain classified as a grantor trust and not an association
taxable as a corporation for United States federal income tax purposes.

                                      -57-

<PAGE>

                                   ARTICLE XI

                            REDEMPTION OF SECURITIES

Section 11.1. Applicability of This Article.

     Redemption of Securities of any series (whether by operation of a sinking
fund or otherwise) as permitted or required by any form of Security issued
pursuant to this Indenture shall be made in accordance with such form of
Security and this Article; provided, however, that if any provision of any such
form of Security shall conflict with any provision of this Article, the
provision of such form of Security shall govern. Except as otherwise set forth
in the form of Security for such series, each Security of such series shall be
subject to partial redemption only in the amount of $100,000 or, in the case of
the Securities of a series issued to a National City Trust, $100,000, or
integral multiples of $1,000 in excess thereof.

Section 11.2. Election to Redeem; Notice to Trustee.

     The election of the Company to redeem any Securities shall be evidenced by
or pursuant to a Board Resolution. In case of any redemption at the election of
the Company of less than all of the Securities of any particular series and
having the same terms, the Company shall, not less than 30 nor more than 60 days
prior to the Redemption Date (unless a shorter notice shall be satisfactory to
the Trustee), notify the Trustee of such date and of the principal amount of
Securities of that series to be redeemed. In the case of any redemption of
Securities prior to the expiration of any restriction on such redemption
provided in the terms of such Securities, the Company shall furnish the Trustee
with an Officers' Certificate and an Opinion of Counsel evidencing compliance
with such restriction.

Section 11.3. Selection of Securities to be Redeemed.

     If less than all the Securities of any series are to be redeemed (unless
all the Securities of such series and of a specified tenor are to be redeemed or
unless such redemption affects only a single Security), the particular
Securities to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee, from the Outstanding Securities of such series
not previously called for redemption, by such method as the Trustee shall deem
fair and appropriate and which may provide for the selection for redemption of a
portion of the principal amount of any Security of such series, provided that
the portion of the principal amount of any Security not redeemed shall be in an
authorized denomination (which shall not be less than the minimum authorized
denomination) for such Security. If less than all the Securities of such series
and of a specified tenor are to be redeemed (unless such redemption affects only
a single Security), the particular Securities to be redeemed shall be selected
not more than 60 days prior to the Redemption Date by the Trustee, from the
Outstanding Securities of such series and specified tenor not previously called
for redemption in accordance with the preceding sentence.

     The Trustee shall promptly notify the Company in writing of the Securities
selected for partial redemption and the principal amount thereof to be redeemed.
For all purposes of this Indenture, unless the context otherwise requires, all
provisions relating to the redemption of Securities shall relate, in the case of
any Security redeemed or to be redeemed only in part, to the

                                      -58-

<PAGE>

portion of the principal amount of such Security which has been or is to be
redeemed. If the Company shall so direct, Securities registered in the name of
the Company, any Affiliate or any Subsidiary thereof shall not be included in
the Securities selected for redemption.

Section 11.4. Notice of Redemption.

     Notice of redemption shall be given by first-class mail, postage prepaid,
mailed not later than the thirtieth day, and not earlier than the sixtieth day,
prior to the Redemption Date, to each Holder of Securities to be redeemed, at
the address of such Holder as it appears in the Securities Register.

     With respect to Securities of each series to be redeemed, each notice of
redemption shall state:

     (a) the Redemption Date;

     (b) the Redemption Price;

     (c) if less than all Outstanding Securities of such particular series and
having the same terms are to be redeemed, the identification (and, in the case
of partial redemption, the respective principal amounts) of the particular
Securities to be redeemed;

     (d) that on the Redemption Date, the Redemption Price will become due and
payable upon each such Security or portion thereof, and that interest thereon,
if any, shall cease to accrue on and after said date;

     (e) the place or places where such Securities are to be surrendered for
payment of the Redemption Price; and

     (f) that the redemption is for a sinking fund, if such is the case.

     Notice of redemption of Securities to be redeemed at the election of the
Company shall be given by the Company or, at the Company's request, by the
Trustee in the name and at the expense of the Company and shall not be
irrevocable. The notice if mailed in the manner herein provided shall be
conclusively presumed to have been duly given, whether or not the Holder
receives such notice. In any case, a failure to give such notice by mail or any
defect in the notice to the Holder of any Security designated for redemption as
a whole or in part shall not affect the validity of the proceedings for the
redemption of any other Security.

Section 11.5. Deposit of Redemption Price.

     Prior to 10:00 a.m. New York City time on the Redemption Date specified in
the notice of redemption given as provided in Section 11.4, the Company will
deposit with the Trustee or with one or more Paying Agents (or if the Company is
acting as its own Paying Agent, the Company will segregate and hold in trust as
provided in Section 10.3) an amount of money sufficient to pay the Redemption
Price of, and any accrued interest (including Additional Interest) on, all the
Securities which are to be redeemed on that date.

                                      -59-

<PAGE>

Section 11.6. Payment of Securities Called for Redemption.

     If any notice of redemption has been given as provided in Section 11.4, the
Securities or portion of Securities with respect to which such notice has been
given shall become due and payable on the date and at the place or places stated
in such notice at the applicable Redemption Price. On presentation and surrender
of such Securities at a Place of Payment in said notice specified, the said
securities or the specified portions thereof shall be paid and redeemed by the
Company at the applicable Redemption Price, together with accrued interest
(including any Additional Interest) to the Redemption Date; provided, however,
that, unless otherwise specified as contemplated by Section 3.1, installments of
interest whose Stated Maturity is on or prior to the Redemption Date will be
payable to the Holders of such Securities, or one or more Predecessor
Securities, registered as such at the close of business on the relevant Record
Dates according to their terms and the provisions of Section 3.7.

     Upon presentation of any Security redeemed in part only, the Company shall
execute and the Trustee shall authenticate and deliver to the Holder thereof, at
the expense of the Company, a new Security or Securities of the same series, of
authorized denominations, in aggregate principal amount equal to the portion of
the Security not redeemed so presented and having the same Original Issue Date,
Stated Maturity and terms. If a Global Security is so surrendered, such new
Security will also be a new Global Security.

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

Section 11.7. Right of Redemption of Securities Initially Issued to a National
City Trust.

     In the case of the Securities of a series initially issued to a National
City Trust, except as otherwise specified as contemplated by Section 3.1, the
Company, at its option, may redeem such Securities (i) on or after the date five
years after the Original Issue Date of such Securities, in whole at any time or
in part from time to time, or (ii) upon the occurrence and during the
continuation of a Tax Event, at any time within 90 days following the occurrence
of such Tax Event in respect of such National City Trust, in whole (but not in
part), in each case at a Redemption Price equal to 100% of the principal amount
thereof.

                                  ARTICLE XII

                                 SINKING FUNDS

Section 12.1. Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for
the retirement of Securities of any series except as otherwise specified as
contemplated by Section 3.1 for such Securities.

     The minimum amount of any sinking fund payment provided for by the terms of
any Securities of any series is herein referred to as a "mandatory sinking fund
payment", and any sinking fund payment in excess of such minimum amount which is
permitted to be made by the

                                      -60-

<PAGE>

terms of such Securities of any series is herein referred to as an "optional
sinking fund payment". If provided for by the terms of any Securities of any
series, the cash amount of any sinking fund payment may be subject to reduction
as provided in Section 12.2. Each sinking fund payment shall be applied to the
redemption of Securities of any series as provided for by the terms of such
Securities.

Section 12.2. Satisfaction of Sinking Fund Payments with Securities.

     In lieu of making all or any part of a mandatory sinking fund payment with
respect to any Securities of a series in cash, the Company may at its option, at
any time no more than 16 months and no less than 30 days prior to the date on
which such sinking fund payment is due, deliver to the Trustee Securities of
such series (together with the unmatured coupons, if any, appertaining thereto)
theretofore purchased or otherwise acquired by the Company, except Securities of
such series that have been redeemed through the application of mandatory or
optional sinking fund payments pursuant to the terms of the Securities of such
series, accompanied by a Company Order instructing the Trustee to credit such
obligations and stating that the Securities of such series were originally
issued by the Company by way of bona fide sale or other negotiation for value;
provided that the Securities to be so credited have not been previously so
credited. The Securities to be so credited shall be received and credited for
such purpose by the Trustee at the redemption price for such Securities, as
specified in the Securities so to be redeemed, for redemption through operation
of the sinking fund and the amount of such sinking fund payment shall be reduced
accordingly.

Section 12.3. Redemption of Securities for Sinking Fund.

     Not less than 60 days prior to each sinking fund payment date for any
series of Securities, the Company will deliver to the Trustee an Officers'
Certificate specifying the amount of the next ensuing sinking fund payment for
such Securities pursuant to the terms of such Securities, the portion thereof,
if any, which is to be satisfied by payment of cash in the currency in which the
Securities of such series are payable (except as provided pursuant to Section
3.1) and the portion thereof, if any, which is to be satisfied by delivering and
crediting Securities pursuant to Section 12.2 and will also deliver to the
Trustee any Securities to be so delivered. Such Officers' Certificate shall be
irrevocable and upon its delivery the Company shall be obligated to make the
cash payment or payments therein referred to, if any, on or before the
succeeding sinking fund payment date. In the case of the failure of the Company
to deliver such Officers' Certificate (or, as required by this Indenture, the
Securities and coupons, if any, specified in such Officers' Certificate), the
sinking fund payment due on the succeeding sinking fund payment date for such
series shall be paid entirely in cash and shall be sufficient to redeem the
principal amount of the Securities of such series subject to a mandatory sinking
fund payment without the right to deliver or credit securities as provided in
Section 12.2 and without the right to make the optional sinking fund payment
with respect to such series at such time.

     Any sinking fund payment or payments (mandatory or optional) made in cash
plus any unused balance of any preceding sinking fund payments made with respect
to the Securities of any particular series shall be applied by the Trustee (or
by the Company if the Company is acting as its own Paying Agent) on the sinking
fund payment date on which such payment is made (or, if such payment is made
before a sinking fund payment date, on the sinking fund payment date

                                      -61-

<PAGE>

immediately following the date of such payment) to the redemption of Securities
of such series at the Redemption Price specified in such Securities with respect
to the sinking fund. Any sinking fund moneys not so applied or allocated by the
Trustee (or, if the Company is acting as its own Paying Agent, segregated and
held in trust by the Company as provided in Section 10.3) for such series and
together with such payment (or such amount so segregated) shall be applied in
accordance with the provisions of this Section 12.3. Any and all sinking fund
moneys with respect to the Securities of any particular series held by the
Trustee (or if the Company is acting as its own Paying Agent, segregated and
held in trust as provided in Section 10.3) on the last sinking fund payment date
with respect to Securities of such series and not held for the payment or
redemption of particular Securities of such series shall be applied by the
Trustee (or by the Company if the Company is acting as its own Paying Agent),
together with other moneys, if necessary, to be deposited (or segregated)
sufficient for the purpose, to the payment of the principal of the Securities of
such series at Maturity. The Trustee shall select the Securities to be redeemed
upon such sinking fund payment date in the manner specified in Section 11.3 and
cause notice of the redemption thereof to be given in the name of and at the
expense of the Company in the manner provided in Section 11.4. Such notice
having been duly given, the redemption of such Securities shall be made upon the
terms and in the manner stated in Section 11.6. On or before each sinking fund
payment date, the Company shall pay to the Trustee (or, if the Company is acting
as its own Paying Agent, the Company shall segregate and hold in trust as
provided in Section 10.3) in cash a sum in the currency in which Securities of
such series are payable (except as provided pursuant to Section 3.1) equal to
the principal and any interest accrued to the Redemption Date for Securities or
portions thereof to be redeemed on such sinking fund payment date pursuant to
this Section 12.3.

     Neither the Trustee nor the Company shall redeem any Securities of a series
with sinking fund moneys or mail any notice of redemption of Securities of such
series by operation of the sinking fund for such series during the continuance
of a default in payment of interest, if any, on any Securities of such series or
of any Event of Default (other than an Event of Default occurring as a
consequence of this paragraph) with respect to the Securities of such series,
except that if the notice of redemption shall have been provided in accordance
with the provisions hereof, the Trustee (or the Company, if the Company is then
acting as its own Paying Agent) shall redeem such Securities if cash sufficient
for that purpose shall be deposited with the Trustee (or segregated by the
Company) for that purpose in accordance with the terms of this Article XII.
Except as aforesaid, any moneys in the sinking fund for such series at the time
when any such default or Event of Default shall occur and any moneys thereafter
paid into such sinking fund shall, during the continuance of such default or
Event of Default, be held as security for the payment of the Securities and
coupons, if any, of such series; provided, however, that in case such default or
Event of Default shall have been cured or waived herein, such moneys shall
thereafter be applied on the next sinking fund payment date for the Securities
of such series on which such moneys may be applied pursuant to the provisions of
this Section 12.3.

                                      -62-
<PAGE>

                                  ARTICLE XIII

                           SUBORDINATION OF SECURITIES

Section 13.1. Securities Subordinate to Senior and Subordinated Debt.

     The Company covenants and agrees, and each Holder of a Security, by its
acceptance thereof, likewise covenants and agrees, that, to the extent and in
the manner hereinafter set forth in this Article XIII, the payment of the
principal of (and premium, if any) and interest (including any Additional
Interest) on each and all of the Securities are hereby expressly made
subordinate and subject in right of payment to the prior payment in full of all
amounts then due and payable in respect of all Senior and Subordinated Debt.

Section 13.2. Payment Over of Proceeds Upon Dissolution, Etc.

     In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company (each such event, if any, herein
sometimes referred to as a "Proceeding"), then the holders of Senior and
Subordinated Debt shall be entitled to receive payment in full of Allocable
Amounts of such Senior and Subordinated Debt, or provision shall be made for
such payment in cash or cash equivalents or otherwise in a manner satisfactory
to the holders of Senior and Subordinated Debt, before the Holders of the
Securities are entitled to receive or retain any payment or distribution of any
kind or character, whether in cash, property or securities (including any
payment or distribution which may be payable or deliverable by reason of the
payment of any other Debt of the Company subordinated to the payment of the
Securities, such payment or distribution being hereinafter referred to as a
"Junior Subordinated Payment"), on account of principal of (or premium, if any)
or interest (including any Additional Interest) on the Securities or on account
of the purchase or other acquisition of Securities by the Company or any
Subsidiary and to that end the holders of Senior and Subordinated Debt shall be
entitled to receive, for application to the payment thereof, any payment or
distribution of any kind or character, whether in cash, property or securities,
including any Junior Subordinated Payment, which may be payable or deliverable
in respect of the Securities in any such Proceeding.

     In the event that, notwithstanding the foregoing provisions of this Section
13.2, the Trustee or the Holder of any Security shall have received any payment
or distribution of assets of the Company of any kind or character, whether in
cash, property or securities, including any Junior Subordinated Payment, before
all Allocable Amounts of all Senior and Subordinated Debt are paid in full or
payment thereof is provided for in cash or cash equivalents or otherwise in a
manner satisfactory to the holders of Senior and Subordinated Debt, and if such
fact shall, at or prior to the time of such payment or distribution, have been
made known to the Trustee or, as the case may be, such Holder, then and in such
event such payment or distribution shall be paid over or delivered forthwith to
the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee,
agent or other Person making payment or distribution of assets of the Company
for application to the payment of all Allocable Amounts of all Senior and
Subordinated Debt remaining unpaid, to the extent necessary to pay all Allocable
Amounts of all Senior and Subordinated Debt in full, after giving effect to any
concurrent payment or distribution to or for the holders of Senior and
Subordinated Debt.

                                      -63-

<PAGE>

     For purposes of this Article XIII only, the words "any payment or
distribution of any kind or character, whether in cash, property or securities"
shall not be deemed to include shares of stock of the Company as reorganized or
readjusted, or securities of the Company or any other corporation provided for
by a plan of reorganization or readjustment which securities are subordinated in
right of payment to all then outstanding Senior and Subordinated Debt to
substantially the same extent as the Securities are so subordinated as provided
in this Article XIII. The consolidation of the Company with, or the merger of
the Company into, another Person or the liquidation or dissolution of the
Company following the sale of all or substantially all of its properties and
assets as an entirety to another Person upon the terms and conditions set forth
in Article VIII shall not be deemed a Proceeding for the purposes of this
Section 13.2 if the Person formed by such consolidation or into which the
Company is merged or the Person which acquires by sale such properties and
assets as an entirety, as the case may be, shall, as a part of such
consolidation, merger, or sale comply with the conditions set forth in Article
VIII.

Section 13.3. Prior Payment to Senior and Subordinated Debt Upon Acceleration of
Securities.

     In the event that any Securities are declared due and payable before their
Stated Maturity, then and in such event the holders of the Senior and
Subordinated Debt outstanding at the time such Securities so become due and
payable shall be entitled to receive payment in full of all Allocable Amounts
due on or in respect of such Senior and Subordinated Debt (including any amounts
due upon acceleration), or provision shall be made for such payment in cash or
cash equivalents or otherwise in a manner satisfactory to the holders of Senior
and Subordinated Debt, before the Holders of the Securities are entitled to
receive any payment or distribution of any kind or character, whether in cash,
properties or securities (including any Junior Subordinated Payment) by the
Company on account of the principal of (or premium, if any) or interest
(including any Additional Interest) on the Securities or on account of the
purchase or other acquisition of Securities by the Company or any Subsidiary;
provided, however, that nothing in this Section 13.3 shall prevent the
satisfaction of any sinking fund payment in accordance with this Indenture or as
otherwise specified as contemplated by Section 3.1 for the Securities of any
series by delivering and crediting pursuant to Section 12.2 or as otherwise
specified as contemplated by Section 3.1 for the Securities of any series
Securities which have been acquired (upon redemption or otherwise) prior to such
declaration of acceleration.

     In the event that, notwithstanding the foregoing, the Company shall make
any payment to the Trustee or the Holder of any Security prohibited by the
foregoing provisions of this Section 13.3, and if such fact shall, at or prior
to the time of such payment, have been made known to the Trustee or, as the case
may be, such Holder, then and in such event such payment shall be paid over and
delivered forthwith to the Company.

     The provisions of this Section 13.3 shall not apply to any payment with
respect to which Section 13.2 would be applicable.

Section 13.4. No Payment When Senior and Subordinated Debt in Default.

     (a) In the event and during the continuation of any default in the payment
of principal of (or premium, if any) or interest on any Senior and Subordinated
Debt, or in the event that any event of default with respect to any Senior and
Subordinated Debt shall have occurred and be

                                      -64-

<PAGE>

continuing and shall have resulted in such Senior and Subordinated Debt becoming
or being declared due and payable prior to the date on which it would otherwise
have become due and payable, unless and until such event of default shall have
been cured or waived or shall have ceased to exist and such acceleration shall
have been rescinded or annulled, or (b) in the event any judicial proceeding
shall be pending with respect to any such default in payment or such event or
default, then no payment or distribution of any kind or character, whether in
cash, properties or securities (including any Junior Subordinated Payment) shall
be made by the Company on account of principal of (or premium, if any) or
interest (including any Additional Interest), if any, on the Securities or on
account of the purchase or other acquisition of Securities by the Company or any
Subsidiary, in each case unless and until all Allocable Amounts of such Senior
and Subordinated Debt are paid in full; provided, however, that nothing in this
Section 13.4 shall prevent the satisfaction of any sinking fund payment in
accordance with this Indenture or as otherwise specified as contemplated by
Section 3.1 for the Securities of any series by delivering and crediting
pursuant to Section 12.2 or as otherwise specified as contemplated by Section
3.1 for the Securities of any series Securities which have been acquired (upon
redemption or otherwise) prior to such default in payment or event of default.

     In the event that, notwithstanding the foregoing, the Company shall make
any payment to the Trustee or the Holder of any Security prohibited by the
foregoing provisions of this Section 13.4, and if such fact shall, at or prior
to the time of such payment, have been made known to the Trustee or, as the case
may be, such Holder, then and in such event such payment shall be paid over and
delivered forthwith to the Company.

     The provisions of this Section 13.4 shall not apply to any payment with
respect to which Section 13.2 would be applicable.

Section 13.5. Payment Permitted if No Default.

     Nothing contained in this Article XIII or elsewhere in this Indenture or in
any of the Securities shall prevent (a) the Company, at any time except during
the pendency of any Proceeding referred to in Section 13.2 or under the
conditions described in Sections 13.3 and 13.4, from making payments at any time
of principal of (and premium, if any) or interest (including Additional
Interest) on the Securities, or (b) the application by the Trustee of any money
deposited with it hereunder to the payment of or on account of the principal of
(and premium, if any) or interest (including any Additional Interest) on the
Securities or the retention of such payment by the Holders, if, at the time of
such application by the Trustee, it did not have knowledge that such payment
would have been prohibited by the provisions of this Article XIII.

Section 13.6. Subrogation to Rights of Holders of Senior and Subordinated Debt.

     Subject to the payment in full of all amounts due or to become due on all
Senior and Subordinated Debt, or the provision for such payment in cash or cash
equivalents or otherwise in a manner satisfactory to the holders of Senior and
Subordinated Debt, the Holders of the Securities shall be subrogated to the
extent of the payments or distributions made to the holders of such Senior and
Subordinated Debt pursuant to the provisions of this Article XIII (equally and
ratably with the holders of all indebtedness of the Company which by its express
terms is subordinated to Senior and Subordinated Debt of the Company to
substantially the same extent

                                      -65-

<PAGE>

as the Securities are subordinated to the Senior and Subordinated Debt and is
entitled to like rights of subrogation by reason of any payments or
distributions made to holders of such Senior and Subordinated Debt) to the
rights of the holders of such Senior and Subordinated Debt to receive payments
and distributions of cash, property and securities applicable to the Senior and
Subordinated Debt until the principal of (and premium, if any) and interest on
the Securities shall be paid in full. For purposes of such subrogation, no
payments or distributions to the holders of the Senior and Subordinated Debt of
any cash, property or securities to which the Holders of the Securities or the
Trustee would be entitled except for the provisions of this Article, and no
payments over pursuant to the provisions of this Article XIII to the holders of
Senior and Subordinated Debt by Holders of the Securities or the Trustee, shall,
as among the Company, its creditors other than holders of Senior and
Subordinated Debt, and the Holders of the Securities, be deemed to be a payment
or distribution by the Company to or on account of the Senior and Subordinated
Debt.

Section 13.7. Provisions Solely to Define Relative Rights.

     The provisions of this Article XIII are and are intended solely for the
purpose of defining the relative rights of the Holders of the Securities on the
one hand and the holders of Senior and Subordinated Debt on the other hand.
Nothing contained in this Article XIII or elsewhere in this Indenture or in the
Securities is intended to or shall (a) impair, as between the Company and the
Holders of the Securities, the obligations of the Company, which are absolute
and unconditional, to pay to the Holders of the Securities the principal of (and
premium, if any) and interest (including any Additional Interest) on the
Securities as and when the same shall become due and payable in accordance with
their terms; or (b) affect the relative rights against the Company of the
Holders of the Securities and creditors of the Company other than their rights
in relation to the holders of Senior and Subordinated Debt; or (c) prevent the
Trustee or the Holder of any Security from exercising all remedies otherwise
permitted by applicable law upon default under this Indenture including, without
limitation, filing and voting claims in any Proceeding, subject to the rights,
if any, under this Article XIII of the holders of Senior and Subordinated Debt
to receive cash, property and securities otherwise payable or deliverable to the
Trustee or such Holder.

Section 13.8. Trustee to Effectuate Subordination.

     Each Holder of a Security by his or her acceptance thereof authorizes and
directs the Trustee on his or her behalf to take such action as may be necessary
or appropriate to acknowledge or effectuate the subordination provided in this
Article XIII and appoints the Trustee his or her attorney-in-fact for any and
all such purposes.

Section 13.9. No Waiver of Subordination Provisions.

     No right of any present or future holder of any Senior and Subordinated
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 that any such holder may have or
be otherwise charged with.

                                      -66-

<PAGE>

     Without in any way limiting the generality of the immediately preceding
paragraph, the holders of Senior and Subordinated Debt may, at any time and from
to time, without the consent of or notice to the Trustee or the Holders of the
Securities, without incurring responsibility to the Holders of the Securities
and without impairing or releasing the subordination provided in this Article or
the obligations hereunder of the Holders of the Securities to the holders of
Senior and Subordinated Debt, do any one or more of the following: (i) change
the manner, place or terms of payment or extend the time of payment of, or renew
or alter, Senior and Subordinated Debt, or otherwise amend or supplement in any
manner Senior and Subordinated Debt or any instrument evidencing the same or any
agreement under which Senior and Subordinated Debt is outstanding; (ii) sell,
exchange, release or otherwise deal with any property pledged, mortgaged or
otherwise securing Senior and Subordinated Debt; (iii) release any Person liable
in any manner for the collection of Senior and Subordinated Debt; and (iv)
exercise or refrain from exercising any rights against the Company and any other
Person.

Section 13.10. Notice to Trustee.

     The Company shall give prompt written notice to the Trustee of any fact
known to the Company which would prohibit the making of any payment to or by the
Trustee in respect of the Securities. Notwithstanding the provisions of this
Article XIII or any other provision of this Indenture, the Trustee shall not be
charged with knowledge of the existence of any facts which would prohibit the
making of any payment to or by the Trustee in respect of the Securities, unless
and until the Trustee shall have received written notice thereof from the
Company or a holder of Senior and Subordinated Debt or from any trustee, agent
or representative therefor; provided, however, that if the Trustee shall not
have received the notice provided for in this Section 13.10 at least two
Business Days prior to the date upon which by the terms hereof any monies may
become payable for any purpose (including, without limitation, the payment of
the principal of (and premium, if any) or interest (including any Additional
Interest) on any Security), then, anything herein contained to the contrary
notwithstanding, the Trustee shall have full power and authority to receive such
monies and to apply the same to the purpose for which they were received and
shall not be affected by any notice to the contrary which may be received by it
within two Business Days prior to such date.

     Subject to the provisions of Section 6.1, the Trustee shall be entitled to
rely on the delivery to it of a written notice by a Person representing himself
to be a holder of Senior and Subordinated Debt (or a trustee therefor) to
establish that such notice has been given by a holder of Senior and Subordinated
Debt (or a trustee therefor). In the event that the Trustee determines in good
faith that further evidence is required with respect to the right of any Person
as a holder of Senior and Subordinated Debt to participate in any payment or
distribution pursuant to this Article, the Trustee may request such Person to
furnish evidence to the reasonable satisfaction of the Trustee as to the amount
of Senior and Subordinated Debt held by such Person, the extent to which such
Person is entitled to participate in such payment or distribution and any other
facts pertinent to the rights of such Person under this Article, and if such
evidence is not furnished, the Trustee may defer any payment to such Person
pending judicial determination as to the right of such Person to receive such
payment.

                                      -67-

<PAGE>

Section 13.11. Reliance on Judicial Order or Certificate of Liquidating Agent.

     Upon any payment or distribution of assets of the Company referred to in
this Article XIII, the Trustee, subject to the provisions of Section 6.1, and
the Holders of the Securities shall be entitled to rely upon any order or decree
entered by any court of competent jurisdiction in which such Proceeding is
pending, or a certificate of the trustee in bankruptcy, receiver, liquidating
trustee, custodian, assignee for the benefit of creditors, agent or other Person
making such payment or distribution, delivered to the Trustee or to the Holders
of Securities, for the purpose of ascertaining the Persons entitled to
participate in such payment or distribution, the holders of the Senior and
Subordinated 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 XIII.

Section 13.12. Trustee Not Fiduciary for Holders of Senior and Subordinated
     Debt.

     The Trustee, in its capacity as trustee under this Indenture, shall not be
deemed to owe any fiduciary duty to the holders of Senior and Subordinated Debt
and shall not be liable to any such holders if it shall in good faith mistakenly
pay over or distribute to Holders of Securities or to the Company or to any
other Person cash, property or securities to which any holders of Senior and
Subordinated Debt shall be entitled by virtue of this Article or otherwise.

Section 13.13. Rights of Trustee as Holder of Senior and Subordinated Debt;
     Preservation of Trustee's Rights.

     The Trustee in its individual capacity shall be entitled to all the rights
set forth in this Article XIII with respect to any Senior and Subordinated Debt
which may at any time be held by it, to the same extent as any other holder of
Senior and Subordinated Debt, and nothing in this Indenture shall deprive the
Trustee of any of its rights as such holder.

Section 13.14. Article Applicable to Paying Agents.

     In case at any time any Paying Agent other than the Trustee shall have been
appointed by the Company and be then acting hereunder, the term "Trustee" as
used in this Article XIII shall in such case (unless the context otherwise
requires) be construed as extending to and including such Paying Agent within
its meaning as fully for all intents and purposes as if such Paying Agent were
named in this Article XIII in addition to or in place of the Trustee.

Section 13.15. Certain Conversions or Exchanges Deemed Payment.

     For the purposes of this Article XIII only, (a) the issuance and delivery
of junior securities upon conversion or exchange of Securities shall not be
deemed to constitute a payment or distribution on account of the principal of
(or premium, if any) or interest (including any Additional Interest) on
Securities or on account of the purchase or other acquisition of Securities, and
(b) the payment, issuance or delivery of cash, property or securities (other
than junior securities) upon conversion or exchange of a Security shall be
deemed to constitute payment on account of the principal of such security. For
the purposes of this Section 13.15, the term "junior securities" means (i)
shares of any stock of any class of the Company and (ii) securities of the
Company which are subordinated in right of payment to all Senior and
Subordinated Debt which

                                      -68-

<PAGE>

may be outstanding at the time of issuance or delivery of such securities to
substantially the same extent as, or to a greater extent than, the Securities
are so subordinated as provided in this Article XIII.

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

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

                                        NATIONAL CITY CORPORATION

                                        By: /s/ Thomas A. Richlovsky
                                            ------------------------------------
                                            Thomas A. Richlovsky
                                        Its: Senior Vice President and Treasurer

                                        THE BANK OF NEW YORK TRUST COMPANY, N.A.
                                        as Trustee

                                        By:  /s/ Linda Garcia
                                            -----------------------------------
                                        Its: Assistant Vice President
                                            -----------------------------------<PAGE>

                                                                     Exhibit 4.2

================================================================================

                          FIRST SUPPLEMENTAL INDENTURE

                                     between

                            NATIONAL CITY CORPORATION

                                       and

                    THE BANK OF NEW YORK TRUST COMPANY, N.A.,
                                   as Trustee

                          DATED AS OF NOVEMBER 3, 2006

                                   ----------

  Supplement to the Junior Subordinated Indenture dated as of November 3, 2006

================================================================================
<PAGE>

     FIRST SUPPLEMENTAL INDENTURE, dated as of November 3, 2006 (this
"Supplemental Indenture"), between NATIONAL CITY CORPORATION, a Delaware
corporation (hereinafter called the "Company"), having its principal office at
1900 East Ninth Street, Cleveland, Ohio 44114, and THE BANK OF NEW YORK TRUST
COMPANY, N.A., a national banking association, as Trustee (the "Trustee").

                                    RECITALS

     WHEREAS, the Company and the Trustee have entered into that certain Junior
Subordinated Indenture, dated as of November 3, 2006 (the "Indenture"),
providing for the issuance from time to time of Securities (as defined in the
Indenture);

     WHEREAS, Section 9.1 of the Indenture provides that a supplemental
indenture may be entered into by the Company and the Trustee without the consent
of any Holder of any Securities to establish the form or terms of Securities of
any series as permitted by Section 2.1 or 3.1 of the Indenture;

     WHEREAS, pursuant to Sections 2.1 and 3.1 of the Indenture, the Company
desires to provide for the establishment of a new series of Securities under the
Indenture to be known as its Series A Income Capital Obligation NotesSM, the
form and substance of such Securities and the terms, provisions and conditions
thereof to be set forth as provided in the Indenture and this Supplemental
Indenture;

     WHEREAS, the conditions set forth in the Indenture for the execution and
delivery of this Supplemental Indenture have been satisfied; and

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

     NOW, THEREFORE, in consideration of the premises and the purchase of the
Securities of the series established by this Supplemental Indenture by the
Holders thereof from time to time on or after the date hereof, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all such
Holders, that the Indenture is supplemented and amended, to the extent and for
the purposes expressed herein, as follows:

                                    ARTICLE I

                                   DEFINITIONS

     SECTION 1.1. For all purposes of this Supplemental Indenture, except as
otherwise expressly provided or unless the context otherwise requires, (i)
references to any Article, Section or subdivision hereof are references to an
Article, Section or other subdivision of this

----------
(SM) Income Capital Obligation Notes is a service mark of Merrill Lynch & Co.,
     Inc.

                                       1

<PAGE>

Supplemental Indenture and (ii) capitalized terms not otherwise defined herein
shall have the meanings set forth in the Indenture.

     SECTION 1.2. In addition, the following terms used in this Supplemental
Indenture have the following respective meanings:

     "Additional Interest" means the interest, if any, that shall accrue on any
interest on the ICONs the payment of which has not been made on the applicable
Interest Payment Date and which shall accrue at the rate per annum specified or
determined as specified in the ICONs from the applicable Interest Payment Date.

     "Alternative Payment Mechanism" has the meaning specified in Section
2.1(h).

     "APM Maximum Obligation" has the meaning set forth in Section 2.1(h)(vi).

     "Business Day" means any day other than (i) a Saturday or Sunday, (ii) a
day on which banking institutions in The City of New York are authorized or
required by law or executive order to remain closed or (iii) a day on which the
Corporate Trust Office of the Property Trustee under the Trust Agreement or of
the Trustee is closed for business.

     "Calculation Agent" means The Bank of New York Trust Company, N.A., or any
other firm appointed by the Company, acting as calculation agent for the ICONs.

     "Common Stock" means the common stock of the Company, par value $4.00 per
share.

     "Company" has the meaning set forth in the first paragraph hereof.

     "Current Stock Market Price" of the Common Stock on any date shall mean (a)
the closing sale price per share (or if no closing sale price is reported, the
average of the bid and ask prices or, if more than one in either case, the
average of the average bid and the average ask prices) on that date as reported
in composite transactions by the New York Stock Exchange or, if the Common Stock
is not then listed on the New York Stock Exchange, as reported by the principal
U.S. securities exchange or The Nasdaq Global Select Market on which the Common
Stock is traded or quoted, (b) if the Common Stock is not either listed on any
U.S. securities exchange or quoted on The Nasdaq Global Select Market on the
relevant date, the last quoted bid price for the Common Stock in any other
securities market or in the over-the-counter market on the relevant date as
reported by the National Quotation Bureau or similar organization, or (c) if the
Common Stock is not so quoted, the average of the mid-point of the last bid and
ask prices for the Common Stock on the relevant date from each of at least three
nationally recognized independent investment banking firms selected by the
Company for this purpose.

     "Debt Exchangeable for Equity" has the meaning assigned to such term in the
Replacement Capital Covenant.

     "Deferred Interest" means as of any particular time, accrued interest that
was not paid on the applicable Interest Payment Date or at any time thereafter
and that has not been cancelled pursuant to Section 2.1(m).

                                       2

<PAGE>

     "Dissolution Event" means that, as a result of the occurrence and
continuation of a Special Event with respect to the Trust, the Trust is to be
dissolved in accordance with the Trust Agreement.

     "Eligible Equity" means Qualified Warrants or shares of the Company's
Common Stock (including treasury shares, employee stock purchase plan and shares
of Common Stock sold pursuant to the Company's dividend reinvestment plan and
employee benefit plans).

     "Federal Reserve" means the Board of Governors of the Federal Reserve
System or its delegees.

     "Fifth Deferral Anniversary" means the date which is five (5) years after
the date of commencement of an Optional Deferral Period, if on such date such
Optional Deferral Period has not ended.

     "Final Maturity Date" has the meaning set forth in Sections 2.1(d)(iii).

     "Guarantee" has the meaning set forth in Section 2.1(a).

     "ICONs" has the meaning set forth in Section 2.1(a).

     "Indenture" has the meaning set forth in the first paragraph of the
Recitals hereof.

     "Interest Payment Date" means a Quarterly Interest Payment Date or a
Monthly Interest Payment Date, as the case may be.

     "Interest Period" means the period from and including any Interest Payment
Date (or, in case of the first Interest Payment Date, November 3, 2006) to but
excluding the next Interest Payment Date.

     "Investment Company Event" means the receipt by the Company and the Trust
of an opinion of an independent counsel experienced in matters relating to
investment companies (which opinion shall not have been rescinded), to the
effect that, as a result of any change (including any announced proposed change)
in the laws or any regulations, or interpretation or application of such laws or
regulations by any legislative body, court, governmental agency or regulatory
authority that is announced after the initial issuance of the capital securities
being issued by the Trust, there is more than an insubstantial risk that the
Trust is or will be considered an "investment company" that is required to be
registered under the Investment Company Act of 1940.

     "Market Disruption Event" means the occurrence or existence of any of the
following events or sets of circumstances:

          (1) (a) in connection with any proposed sale of Common Stock or
     Qualified Warrants for the purpose of paying Deferred Interest on the
     ICONs, the Company would be required to obtain the consent or approval of
     its shareholders or a regulatory body (including, without limitation, any
     securities exchange or market, but excluding the Federal Reserve) or
     governmental authority to issue or sell shares of its Common Stock,

                                       3

<PAGE>

     and the Company fails to obtain such consent or approval notwithstanding
     the Company's commercially reasonable efforts to obtain such consent or
     approval;

          (b) in connection with any proposed sale of Qualifying Securities for
     the purpose of repaying principal on the ICONs, the Company would be
     required to obtain the consent or approval of its shareholders or a
     regulatory body (including, without limitation, any securities exchange or
     market) or governmental authority to issue or sell such Qualifying
     Securities, and the Company fails to obtain such consent or approval
     notwithstanding the Company's commercially reasonable efforts to obtain
     such consent or approval (including, without limitation, failing to obtain
     approval for such issuance if required from the Federal Reserve after
     having given notice to the Federal Reserve as required pursuant to Section
     2.1(i)(iv));

          (2) trading in securities generally on the principal exchange or
     market on which the Company's securities are listed and traded shall have
     been suspended or materially disrupted or minimum prices shall have been
     established on any such exchange or market by the Commission, by the
     relevant exchange or any other regulatory body or governmental authority
     having jurisdiction (other than with respect to applicable listing
     requirements, if any);

          (3) an event occurs and is continuing as a result of which the
     offering document for such offer and sale of the Company's Common Stock
     would, in the judgment of the Company, contain an untrue statement of a
     material fact or omit to state a material fact required to be stated
     therein or necessary to make the statements therein not misleading and
     either (i) the disclosure of that event at such time, in the judgment of
     the Company, would have a material adverse affect on the Company's business
     or (ii) the disclosure relates to a previously undisclosed proposed or
     pending material development or business transaction, and the Company has a
     bona fide business reason for keeping the same confidential or the
     disclosure of which would impede the Company's ability to consummate such
     transaction, provided that no single suspension period contemplated by this
     paragraph (3) may exceed 90 consecutive days and multiple suspension
     periods contemplated by this paragraph (3) may not exceed an aggregate of
     180 days in any 360-day period;

          (4) the Company reasonably believes that the offering document for
     such offer and sale of its Common Stock would not be in compliance with a
     rule or regulation of the Commission (for reasons other than those referred
     to in paragraph (3) above) and the Company is unable to comply with such
     rule or regulation or such compliance is impracticable, provided that no
     single suspension contemplated by this paragraph (4) may exceed 90
     consecutive days and multiple suspension periods contemplated by this
     paragraph (4) may not exceed an aggregate of 180 days in any 360-day
     period;

          (5) there is a material adverse change in general domestic or
     international economic, political or financial conditions, including,
     without limitation, as a result of terrorist activities, or the effect of
     international conditions on the financial markets in the United States,
     such as to make it impossible to proceed with the offer and sale of the
     Company's Common Stock;

                                       4

<PAGE>

          (6) a material disruption shall have occurred in commercial banking or
     securities settlement or clearing services in the United States; or

          (7) a banking moratorium shall have been declared by United States
     federal or state authorities.

     "Market Disruption Event Notice" has the meaning set forth in Section
2.1(i)(i).

     "Mandatorily Convertible Preferred Stock" has the meaning assigned to such
term in the Replacement Capital Covenant.

     "Monthly Interest Payment Date" has the meaning set forth in Section
2.1(e).

     "New Equity Amount" means, as of any date, (i) the net cash proceeds (after
underwriters' or placement agents' fees, commissions or discounts and other
expenses relating to the issuances), plus (ii) the fair market value of
property, other than cash, received by the Company or any of its subsidiaries
during the 180-day period immediately prior to such date, from one or more sales
to Persons other than the Company's subsidiaries of (A) the Company's Common
Stock, including treasury shares and shares of Common Stock sold pursuant to the
Company's dividend reinvestment plan, employee stock purchase plan and employee
benefit plans and (B) the Company's Qualified Warrants that the Company sells at
its sole discretion.

     "One-Month LIBOR" means, with respect to any Interest Period beginning on
or after the Scheduled Maturity Date, the rate (expressed as a percentage per
annum) for deposits in U.S. dollars for a one-month period commencing on the
first day of that monthly interest period that appears on the MoneyLine Telerate
Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that
Interest Period. If such rate does not appear on MoneyLine Telerate Page,
One-Month LIBOR will be determined on the basis of the rates at which deposits
in U.S. dollars for a one-month period commencing on the first day of that
Interest Period and in a principal amount of not less than $1,000,000 are
offered to prime banks in the London interbank market by four major banks in the
London interbank market selected by the Calculation Agent (after consultation
with the Company), at approximately 11:00 a.m., London time on the LIBOR
Determination Date for that Interest Period. The Calculation Agent will request
the principal London office of each of such banks to provide a quotation of its
rate. If at least two such quotations are provided, One-Month LIBOR with respect
to that Interest Period will be the arithmetic mean (rounded upward if necessary
to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two
quotations are provided, One-Month LIBOR with respect to that Interest Period
will be the arithmetic mean (rounded upward if necessary to the nearest whole
multiple of 0.00001%) of the rates quoted by three major banks in New York City
selected by the Calculation Agent, at approximately 11:00 a.m., New York City
time, on the first day of that Interest Period for loans in U.S. dollars to
leading European banks for a one-month period commencing on the first day of
that Interest Period and in a principal amount of not less than $1,000,000.
However, if fewer than three banks selected by the Calculation Agent to provide
quotations are quoting as described above, One-Month LIBOR for that Interest
Period will be the same as One-Month LIBOR as determined for the previous
Interest Period or, in the case of the Interest Period commencing on the
Scheduled Maturity Date, 6.625%. The establishment of one-month LIBOR for each
Interest Period commencing on or after the

                                       5

<PAGE>

Scheduled Maturity Date by the Calculation Agent shall (in the absence of
manifest error) be final and binding. For purposes of this definition, "London
Banking Day" means any day on which commercial banks are open for general
business (including dealings in deposits in U.S. dollars) in London, England;
"LIBOR Determination Date" means the second London banking day immediately
preceding the first day of the relevant Interest Period; "MoneyLine Telerate
Page" means the display on MoneyLine Telerate, Inc., or any successor service,
on the Telerate Page 3750 or any replacement page or pages on that service; and
"Telerate Page 3750" means the display designated on page 3750 on MoneyLine
Telerate (or such other page as may replace the page 3750 on that service or
such other service as may be nominated by the British Bankers' Association for
the purpose of displaying London interbank offered rates for U.S. Dollar
deposits).

     "Optional Deferral Period" means each period beginning on an Interest
Payment Date with respect to which the Company elects pursuant to Section 2.1(g)
to defer all or part of any interest payment payable on such date and ending on
the earlier of (a) the tenth anniversary of such Interest Payment Date and (b)
the next Interest Payment Date on which the Company has paid all Deferred
Interest (including Additional Interest thereon).

     "Pari Passu Securities" means (a) indebtedness that, among other things,
(1) qualifies as, or is issued to financing vehicles issuing securities that
qualify as, Tier 1 capital of the Company at the time of issuance under the
capital guidelines of the Federal Reserve and (2) by its terms ranks equally
with the ICONs in right of payment or upon liquidation; and (b) guarantees of
indebtedness described in clause (a) or securities issued by one or more
financing vehicles described in clause (a). "Pari Passu Securities" does not
include the Company's junior subordinated debentures or guarantees issued in
connection with the outstanding trust preferred securities issued by Fort Wayne
Capital Trust I, First of America Capital Trust I, Provident Capital Trust I,
Banc Services Corp. Statutory Trust I, and Forbes First Financial Statutory
Trust I and in connection with any future issuances or assumptions by us as a
result of mergers, acquisitions or otherwise of any obligations under any
traditional trust preferred securities, each of which will rank senior to the
capital securities being issued by the Trust.

     "Qualifying Capital Securities" has the meaning assigned to such term in
the Replacement Capital Covenant.

     "Qualifying Securities" means Common Stock and rights to acquire Common
Stock, Mandatorily Convertible Preferred Stock, Debt Exchangeable for Equity and
Qualifying Capital Securities.

     "Qualified Warrants" means any Common Stock warrants that (a) have an
exercise price per share greater than the then Current Stock Market Price of the
Company's Common Stock on the date of issuance and (b) the Company is not
entitled to redeem for cash and that does not provide the holders thereof with
any right to require the Company to repurchase such warrants for cash under any
circumstances.

     "Quarterly Interest Payment Date" has the meaning set forth in Section
2.1(e).

                                       6

<PAGE>

     "Regular Record Date" for the interest payable on any Interest Payment Date
with respect to the ICONs means (i) in the case of ICONs represented by one or
more Global Securities, the Business Day preceding such Interest Payment Date
and (ii) in the case of ICONs not represented by one or more Global Securities,
the date which is the fifteenth day preceding such Interest Payment Date
(whether or not a Business Day).

     "Regulatory Capital Event" means the reasonable determination by the
Company that, as a result of: (1) any amendment to, or change (including any
prospective change) in, the laws or any applicable regulation of the United
States or any political subdivision that is enacted or becomes effective after
the initial issuance of the capital securities being issued by the Trust; or (2)
any official or administrative pronouncement or action or judicial decision
interpreting or applying such laws or regulations, which is effective or
announced on or after the initial issuance of the capital securities being
issued by the Trust, there is more than an insubstantial risk of impairment of
the Company's ability to treat such capital securities (or any substantial
portion thereof) as Tier 1 capital (or its then equivalent) for purposes of the
capital adequacy guidelines of the Federal Reserve.

     "Repayment Date" means the Scheduled Maturity Date and each Monthly
Interest Payment Date thereafter until the Company shall have repaid or redeemed
all of the ICONs.

     "Replacement Capital Covenant" means the Replacement Capital Covenant,
dated as of November 3, 2006, of the Company, as the same may be amended or
supplemented from time to time in accordance with the provisions hereof and
thereof.

     "Share Cap Amount" has the meaning specified in Section 2.1(h)(iii).

     "Scheduled Maturity Date" has the meaning set forth in Section 2.1(d)(i).

     "Special Event" means a Tax Event, a Regulatory Capital Event or an
Investment Company Event.

     "Supervisory Event" shall commence upon the date on which the Company has
given notice to the Federal Reserve of its intention both (1) to sell shares of
its Common Stock and (2) to apply the net proceeds from such sale to pay
Deferred Interest (including Additional Interest thereon), and the Federal
Reserve has disapproved either of these actions. A Supervisory Event shall cease
on the Business Day following the earlier to occur of (A) the Tenth Deferral
Anniversary or (B) the day on which the Federal Reserve notifies the Company in
writing that it no longer disapproves of the Company's intention both (1) to
sell Common Stock and (2) to apply the net proceeds from such sale to pay
Deferred Interest (including Additional Interest thereon); provided, however,
that after the termination of a Supervisory Event, if the Federal Reserve shall
at any time prior to the Tenth Deferral Anniversary disapprove of the Company
(1) selling Common Stock and (2) applying the net proceeds from such sale to pay
Deferred Interest (including Additional Interest thereon), a Supervisory Event
shall recommence.

     "Supervisory Event Notice" has the meaning set forth in Section 2.1(i)(ii).

     "Supplemental Indenture" has the meaning set forth in the first paragraph
hereof.

                                       7

<PAGE>

     "Tax Event" means the receipt by the Company or the Trust of an opinion of
counsel (which may be the Company's counsel or counsel of an Affiliate but not
an employee and must be reasonably acceptable to the Property Trustee)
experienced in tax matters stating that, as a result of any (1) amendment to, or
change (including any announced prospective change) in, the laws (or any
regulations thereunder) of the United States or any political subdivision or
taxing authority affecting taxation that is enacted or becomes effective after
the initial issuance of the capital securities being issued by the Trust; or (2)
interpretation or application of such laws as are described in the immediately
preceding clause (1) or regulations by any court, governmental agency or
regulatory authority that is announced after the initial issuance of such
capital securities by the Trust, there is more than an insubstantial risk that
(a) the Trust is, or will be within 90 days of the date of such opinion, subject
to United States federal income tax with respect to interest received on the
ICONs; (b) interest payable by the Company to the Trust on the ICONs is not, or
within 90 days of the date of such opinion will not be, deductible, in whole or
in part, by the Company, for United States federal income tax purposes; or (c)
the Trust is, or will be within 90 days of the date of such opinion, subject to
more than a minimal amount of other taxes, duties, assessments or other
governmental charges.

     "Tenth Deferral Anniversary" means the date which is ten (10) years after
the date of commencement of an Optional Deferral Period, if on such date such
Optional Deferral Period has not ended.

     "Trust" has the meaning set forth in Section 2.1(a).

     "Trust Agreement" has the meaning set forth in Section 2.1(a).

     "Trustee" has the meaning set forth in the first paragraph hereof.

                                   ARTICLE II

                          TERMS OF SERIES OF SECURITIES

     SECTION 2.1. Pursuant to Sections 2.1 and 3.1 of the Indenture, there is
hereby established a series of Securities, the terms of which shall be as
follows:

          (a) Designation. The Securities of this series shall be known and
     designated as the "Series A Income Capital Obligation Notes" of the Company
     (the "ICONs"). The ICONs initially shall be issued to National City Capital
     Trust II, a Delaware statutory trust (the "Trust") governed pursuant to an
     Amended and Restated Trust Agreement, dated as of November 3, 2006, among
     the Company, as Depositor, The Bank of New York Trust Company, N.A., as
     Property Trustee, the Bank of New York (Delaware), as Delaware Trustee, and
     the Administrative Trustees named therein (the "Trust Agreement"). The
     Guarantee will be issued pursuant to the Guarantee Agreement, dated as of
     November 3, 2006 (the "Guarantee"), between the Company and The Bank of New
     York Trust Company, N.A., as Guarantee Trustee.

          (b) Issue Price and Aggregate Principal Amount. The ICONs shall be
     issued at a price of $25.00 per ICON, and the maximum aggregate principal
     amount of the ICONs which may be authenticated and delivered under the
     Indenture and this Supplemental

                                       8

<PAGE>

     Indenture is $863,500,000.00 (except for ICONs authenticated and delivered
     upon registration of transfer of, or exchange for, or in lieu of, other
     ICONs pursuant to (i) Section 3.4, 3.5, 3.6, 9.6 or 11.6 of the Indenture
     or (ii) Article III of this Supplemental Indenture).

          (c) Denominations. The ICONs will be issued only in fully registered
     form, and the authorized denominations of the ICONs shall be $25.00 and any
     integral multiple thereof.

          (d) Scheduled Maturity Date. (i) The principal amount of, and all
     accrued and unpaid interest on, the ICONs shall be payable in full on
     November 15, 2036, or, if such a day is not a Business Day, the following
     Business Day (the "Scheduled Maturity Date"); provided that in the event
     the Company has delivered an Officers' Certificate to the Trustee pursuant
     to clause (vii) of this Section 2.1(d) in connection with the Scheduled
     Maturity Date, (A) the principal amount of ICONs payable on the Scheduled
     Maturity Date, if any, shall be the principal amount set forth in the
     notice of repayment accompanying such Officers' Certificate, (B) such
     principal amount of ICONs shall be repaid on the Scheduled Maturity Date
     pursuant to Article III, and (C) subject to clause (ii) of this Section
     2.1(d), the remaining ICONs shall remain outstanding and shall be payable
     on the immediately succeeding Monthly Interest Payment Date or such earlier
     date on which they are redeemed pursuant to Section 2.1(k) or shall become
     due and payable pursuant to Section 5.2 of the Indenture.

               (ii) In the event the Company has delivered an Officers'
          Certificate to the Trustee pursuant to clause (vii) of this Section
          2.1(d) in connection with any Monthly Interest Payment Date, the
          principal amount of ICONs payable on such Monthly Interest Payment
          Date shall be the principal amount set forth in the notice of
          repayment, if any, accompanying such Officers' Certificate, such ICONs
          shall be repaid on such Monthly Interest Payment Date pursuant to
          Article III, and the remaining ICONs shall remain outstanding and
          shall be payable on the immediately succeeding Monthly Interest
          Payment Date or such earlier date on which they are redeemed pursuant
          to Section 2.1(k) or shall become due and payable pursuant to Section
          5.2 of the Indenture.

               (iii) If not earlier paid pursuant to clause (i) or (ii) of this
          Section 2.1(d) or redeemed, the principal of, and all accrued and
          unpaid interest on, all outstanding ICONs, shall be due and payable on
          November 15, 2066, or if such a day is not a Business Day, the
          following Business Day (the "Final Maturity Date").

               (iv) The obligation of the Company to repay the ICONs pursuant to
          this Section 2.1(d) on any date prior to the Final Maturity Date shall
          be subject to (A) its obligations under Article XIII of the Indenture
          to the holders of Senior Indebtedness and (B) its obligations under
          Section 2.1(h) with respect to the payment of Deferred Interest
          (including Additional Interest thereon) on the ICONs.

                                       9

<PAGE>

               (v) Until the ICONs are paid in full, the Company shall use its
          "commercially reasonable efforts" (as defined in clause (vi) below),
          subject to a Market Disruption Event: (A) to raise sufficient net
          proceeds from the issuance of Qualifying Securities during a 180-day
          period ending on a notice date, not more than 15 and not less than 10
          Business Days prior to the Scheduled Maturity Date, on which the
          Company delivers the notice required by Section 3.1 to permit
          repayment of the ICONs in full on the Scheduled Maturity Date pursuant
          to clause (i) of this Section 2.1(d); and (B) if the Company is unable
          for any reason to raise sufficient proceeds from the issuance of
          Qualifying Securities to permit payment in full on the Scheduled
          Maturity Date or any subsequent Monthly Interest Payment Date on which
          the Company delivers the notice required by Section 3.1, to raise
          sufficient net proceeds from the issuance of Qualifying Capital
          Securities to permit repayment of the ICONs in full on such date
          pursuant to clause (ii) of this Section 2.1(d); and the Company shall
          apply any such net proceeds to the repayment of the ICONs as provided
          in clause (vii) of this Section 2.1(d).

               (vi) For purposes of this Section 2.1(d), "commercially
          reasonable efforts" on the Company's part to sell Qualifying
          Securities means commercially reasonable efforts on the part of the
          Company to complete the offer and sale of Qualifying Securities to
          third parties other than Subsidiaries in public offerings or private
          placements. The Company shall not be considered to have used
          commercially reasonable efforts to effect a sale of Qualifying
          Securities if it determines not to pursue or complete such sale due to
          pricing considerations.

               (vii) The Company shall, if it has not raised sufficient net
          proceeds from the issuance of Qualifying Capital Securities pursuant
          to clause (v) above in connection with any Repayment Date, deliver an
          Officers' Certificate to the Trustee, who shall forward such
          certificate to each holder of record of the ICONs no more than 15 and
          no less than 10 Business Days in advance of such Repayment Date
          stating the amount of net proceeds, if any, raised pursuant to clause
          (vi) above in connection with such Repayment Date. The Company shall
          be excused from its obligation to use commercially reasonable efforts
          to sell Qualifying Capital Securities pursuant to clause (vi) above if
          such Officers' Certificate further certifies that: (A) a Market
          Disruption Event was existing during the 180-day period preceding the
          date of such Officers' Certificate or, in the case of any Repayment
          Date after the Scheduled Maturity Date, the 30-day period preceding
          the date of such Officers' Certificate; and (B) either (1) the Market
          Disruption Event continued for the entire 180-day period or 30-day
          period, as the case may be, or (2) the Market Disruption Event
          continued for only part of the period, but the Company was unable
          after commercially reasonable efforts to raise sufficient net proceeds
          during the rest of that period to permit repayment of the ICONs in
          full. Each Officers' Certificate delivered pursuant to this clause
          (vii), unless no principal amount of ICONs is to be repaid on the
          applicable Repayment Date, shall be accompanied by a notice of
          repayment pursuant to Section 3.1 setting forth the principal amount
          of the ICONs to be

                                       10

<PAGE>

          repaid on such Repayment Date, which amount shall be determined after
          giving effect to this clause (vii) of this Section 2.1(d).

               (viii) Net proceeds of the issuance of any Qualifying Capital
          Securities that the Company is permitted to apply to repayment of the
          ICONs on any Repayment Date will be applied, first, to pay Deferred
          Interest (including Additional Interest thereon) to the extent of the
          New Equity Amount under the Alternative Payment Mechanism, second, to
          pay current interest to the extent not paid from other sources and,
          third, to repay the principal of ICONs, subject to a minimum principal
          amount of $5,000,000 to be repaid on any Repayment Date; provided that
          if the Company is obligated to sell Qualifying Capital Securities and
          apply the net proceeds to payments of principal of or interest on any
          outstanding securities in addition to the ICONs, then on any date and
          for any period the amount of net proceeds received by the Company from
          those sales and available for such payments shall be applied to the
          ICONs and those other securities having the same Scheduled Maturity
          Date as the ICONs pro rata in accordance with their respective
          outstanding principal amounts and none of such net proceeds shall be
          applied to any other securities having a later Scheduled Maturity Date
          until the principal of and all accrued and unpaid interest on the
          ICONs has been paid in full.

          (e) Rate of Interest. The ICONs shall bear interest (i) from and
     including November 3, 2006 to but excluding the Scheduled Maturity Date, at
     an annual rate of 6.625%, computed on the basis of a 360-day year comprised
     of twelve 30-day months; provided that the amount of interest for any
     period shorter than a full quarterly period will be computed on the basis
     of a 30-day month and, for periods of less than a month, the actual number
     of days elapsed over a 360-day year, and (ii) on and after the Scheduled
     Maturity Date, as to any unpaid amounts that remain outstanding, at an
     annual rate equal to One-Month LIBOR plus 2.290%, until repaid as described
     under Article III herein, computed on the basis of a 360-day year and the
     actual number of days elapsed. The applicable interest rate for each
     monthly interest period will be set on the last day of each calendar month,
     and will be set for the first monthly interest period on November 15, 2036
     (each such date, an "Interest Reset Date"). The applicable interest rate
     for each monthly interest period will be determined on the "LIBOR
     Determination Date." Subject to Sections 2.1(g) and (h), interest on the
     ICONs shall be payable (i) quarterly in arrears on November 15, February
     15, May 15 and August 15 of each year, commencing November 3, 2006 until
     the Scheduled Maturity Date, or if such day is not a Business Day, the
     following Business Day (each such date, a "Quarterly Interest Payment
     Date"), and no interest shall accrue or be paid as a result of such
     postponement, and (ii) after the Scheduled Maturity Date, monthly in
     arrears on the last day of each month, or if such day is not a Business
     Day, the Business Day immediately preceding such Business Day (each such
     date, a "Monthly Interest Payment Date").

          Interest payments on the ICONs not paid when due will themselves
     accrue Additional Interest at an annual rate equal to the annual interest
     rate applicable to the ICONs at such time, compounded (1) quarterly during
     any period prior to the Scheduled

                                       11

<PAGE>

     Maturity Date and (2) monthly during any period beginning on or after the
     Scheduled Maturity Date, in each case to the extent permitted by applicable
     law.

          (f) To Whom Interest Payable. Interest will be payable to the person
     in whose name the ICONs are registered at the close of business on the
     Regular Record Date next preceding the Interest Payment Date, except that,
     interest payable on (i) any ICONs pursuant to their repayment in full in
     accordance with Article III and (ii) interest payable on the Final Maturity
     Date shall be paid to the Person to whom principal is paid.

          (g) Option to Defer Interest Payments. Section 3.11 of the Indenture
     shall not apply to the ICONs, which shall be governed by the following
     provisions.

               (i) The Company shall have the right, at any time and from time
          to time prior to the Final Maturity Date of the ICONs, to defer the
          payment of interest thereon for one or more Optional Deferral Periods
          consisting of no more than 20 consecutive quarters, or five
          consecutive years, without becoming subject to the obligations to
          issue Eligible Equity and pay Deferred Interest pursuant to Section
          2.1(h) of this Supplemental Indenture. The Company shall also have the
          right, at any time and from time to time prior to the Final Maturity
          Date of the ICONs, to defer payment of interest thereon for one or
          more Optional Deferral Periods consisting of no more than a total of
          ten years without giving rise to an Event of Default under Section
          2.1(j). During the Optional Deferral Period, any Deferred Interest on
          the ICONs will accrue Additional Interest at an annual rate equal to
          the annual interest rate applicable to the ICONs at such time,
          compounded (1) quarterly during any period prior to the Scheduled
          Maturity Date and (2) monthly during any period beginning on or after
          the Scheduled Maturity Date, in each case to the extent permitted by
          applicable law. No interest then applicable will be due and payable on
          the ICONs until the end of the Optional Deferral Period except upon a
          redemption of the ICONs during a deferral period. The Company may
          elect to so defer payment of interest by delivering to the Trustee
          written notice of such election at least 10 and not more than 15
          Business Days prior to the applicable Interest Payment Date.
          Notwithstanding the foregoing, no Optional Deferral Period shall
          extend beyond the Final Maturity Date or, if earlier, the redemption
          or repayment in full of the ICONs.

               (ii) During any Optional Deferral Period, the Company shall not,
          and shall not permit any Subsidiary of the Company to, (1) declare or
          pay any dividends or distributions on, or redeem, purchase, acquire or
          make a liquidation payment with respect to, any of the Company's
          capital stock (which includes Common Stock and the Company's preferred
          stock), (2) make any payment of principal of or interest or premium
          (if any) on, or repay, repurchase or redeem any debt securities of the
          Company that rank pari passu with or junior in interest to the ICONs
          or (3) make any guarantee payments with respect to any guarantee by
          the Company of the debt securities of any Subsidiary of the Company if
          such guarantee ranks pari passu with or junior in interest to the
          ICONs, other than in the case of each of clauses (1), (2) and (3): (A)
          any dividends or distributions in additional shares of the Company's
          capital stock (which includes Common Stock and the Company's

                                       12

<PAGE>

          preferred stock), (B) any payments under the Guarantee with respect to
          the capital securities and common securities of the Trust, (C) any
          declaration or payment of a dividend in connection with the
          implementation of a shareholders' rights plan, or any issuance of
          stock under any such plan or the redemption or repurchase of any such
          rights pursuant thereto, and (D) any purchases of Common Stock related
          to the issuance of Common Stock or rights under any of the Company's
          benefits plans for its directors, officers or employees.

               (iii) Upon the payment of all Deferred Interest (including any
          Additional Interest thereon) then due on the ICONs (that has not been
          cancelled), the Company may elect to begin a new Optional Deferral
          Period, which shall not extend beyond the Final Maturity Date or, if
          earlier, the redemption or repayment in full of the ICONs. At the end
          of 10 consecutive years of a Optional Deferral Period, the Company
          shall pay, to the extent permitted by applicable law, all Deferred
          Interest (including Additional Interest thereon) on the ICONs that has
          not been cancelled to the Persons in whose names the ICONs are
          registered at the close of business on the Regular Record Date with
          respect to the Interest Payment Date at the end of such Optional
          Deferral Period.

               (iv) Subject to Section 2.1(h)(vi), in the case of any Optional
          Deferral Period that does not terminate on or prior to the first
          anniversary of the commencement of such Optional Deferral Period, the
          restrictions set forth in Section 2.1(g)(ii) shall continue in effect
          in respect of any redemption, purchase or repurchase, acquisition or
          liquidation payment of the Company's securities that rank pari passu
          with or junior in interest to the ICONs until the first anniversary of
          the termination of such Optional Deferral Period, unless any such
          redemption or repurchase is required by the Federal Reserve.

          (h) Alternative Payment Mechanism; Payment of Deferred Interest. (i)
     Commencing on the earlier of (i) the Fifth Deferral Anniversary, if on such
     date the related Optional Deferral Period has not ended, and (ii) the date
     of any payment of current interest on the Securities during an Optional
     Deferral Period, if any Deferred Interest (including Additional Interest
     thereon) is outstanding, the Company shall be subject to the "Alternative
     Payment Mechanism," pursuant to which it will continuously use its
     commercially reasonable efforts to effect sales of shares of its Common
     Stock, including treasury shares, in an amount that will generate
     sufficient net proceeds to enable the Company to pay in full all Deferred
     Interest (including Additional Interest thereon) on the Securities then
     outstanding; provided that the Company shall not be obligated to make
     offers for or effect sales of its Common Stock during the occurrence and
     continuation of a Market Disruption Event or a Supervisory Event and will
     be permitted to pay Deferred Interest (including Additional Interest
     thereon) using cash from any source upon the occurrence of a Supervisory
     Event. The Company's obligation to use commercially reasonable efforts to
     sell shares of its Common Stock to pay all Deferred Interest (including
     Additional Interest thereon) on the ICONs shall resume at such time as no
     Market Disruption Event or Supervisory Event exists or is continuing.

                                       13

<PAGE>

               (ii) As used in this Section 2.1(h), the term "commercially
          reasonable efforts" means commercially reasonable efforts on the part
          of the Company to complete the sale of shares of its Common Stock,
          including treasury shares, to third parties that are not subsidiaries
          of the Company in public offerings and private placements. The Company
          will not be considered to have used its commercially reasonable
          efforts to effect a sale of stock if it determines not to pursue or
          complete such sale solely due to pricing considerations.

               (iii) The Company is not permitted to sell shares of Common Stock
          in excess of a number of shares of Common Stock which at November 3,
          2006 is equal to 100,000,000, including treasury stock and shares of
          Common Stock sold pursuant to the Company's dividend reinvestment
          plan, employee stock purchase plan and employee benefit plans (the
          "Share Cap Amount"), for the purpose of satisfying Section 2(h)(i) or
          otherwise paying Deferred Interest (including Additional Interest
          thereon) on the ICONs then outstanding. If the issued and outstanding
          shares of Common Stock shall have been changed into a different number
          of shares or a different class by reason of any stock split, reverse
          stock split, stock dividend, reclassification, recapitalization,
          split-up, combination, exchange of shares or other similar
          transaction, then the Share Cap Amount shall be correspondingly
          adjusted. The Company shall increase the Share Cap Amount (including
          through the increase of its authorized share capital, if necessary) to
          an amount that would allow the Company to raise sufficient proceeds to
          satisfy its obligations to pay Deferred Interest (including Additional
          Interest thereon) in full at the end of the first year of an Optional
          Deferral Period (and on each subsequent anniversary of the end of the
          first year of an Optional Deferral Period to the extent that an
          Optional Deferral Period lasts more than one year), if the
          then-current Share Cap Amount would not allow the Company to raise
          sufficient proceeds to satisfy its obligations to pay Deferred
          Interest (including Additional Interest thereon to the date) assuming
          a price per share equal to the average trading price of the Company's
          Common Stock over the 10-trading-day period preceding such date;
          provided that the Company will not be obligated to increase the Share
          Cap Amount above 300,000,000 shares. Until the Tenth Deferral
          Anniversary, a breach of this provision will occur if the Company does
          not increase the Share Cap Amount to an amount that is greater than
          100,000,000 shares when required to do so as described above; provided
          that no breach of this provision will occur if the Company has
          increased the Share Cap Amount to 300,000,000 shares.

               (iv) Following the earlier of (i) the Fifth Deferral Anniversary
          and (ii) the date of any payment of current interest during an
          Optional Deferral Period, the Company shall apply the net proceeds
          received by it from sales of shares of its Common Stock, including
          sales of treasury shares, as promptly as practicable following the
          Company's receipt of such proceeds, to the payment of all amounts
          owing in respect of Deferred Interest (including Additional Interest
          thereon), with net proceeds to be paid promptly after receipt until
          all amounts owing in respect of Deferred Interest (including
          Additional Interest thereon) have been paid in full, provided that the
          Company shall not be obligated to sell shares of its Common Stock or
          apply the proceeds of sales of its Common Stock to payment of Deferred

                                       14

<PAGE>

          Interest (including Additional Interest thereon) if a Market
          Disruption Event or a Supervisory Event has occurred and is
          continuing. In the event that net proceeds received by the Company
          from one or more sales of shares of its Common Stock or Qualified
          Warrants following the earlier of (i) such Fifth Deferral Anniversary
          and (ii) the date of any payment of current interest during an
          Optional Deferral Period are not sufficient to satisfy the full amount
          of Deferred Interest (including Additional Interest thereon), such net
          proceeds will be paid to the holders of the ICONs on a pro rata basis;
          provided that, if the Company has outstanding at such time any debt
          securities ranking pari passu with the Securities under the terms of
          which the Company is obligated to sell shares of its Common Stock and
          apply the net proceeds to payment of deferred interest (including
          additional interest thereon), then on any date and for any period the
          amount of net proceeds received by the Company from such sales of
          Common Stock or Qualified Warrants and available for payment of
          Deferred Interest (including Additional Interest thereon) shall be
          applied to the ICONs and such pari passu securities on a pro rata
          basis, taking into account any net proceeds from the sales of
          securities other than Common Stock or Qualified Warrants that would be
          permitted to be applied to the payment of deferred interest (including
          additional interest thereon) on any such pari passu securities.
          Notwithstanding the above, the Company shall not be obligated to sell
          Common Stock or to apply such net proceeds or any portion thereof to
          the payment of Deferred Interest (including Additional Interest
          thereon) during the occurrence and continuation of Market Disruption
          Event or a Supervisory Event.

               (v) Notwithstanding anything to the contrary in this Supplemental
          Indenture, under no circumstances will the Company be obligated to
          sell Qualified Warrants or to apply the proceeds of any such sale to
          pay any Deferred Interest (including Additional Interest thereon) on
          the Securities. Any sales of Qualified Warrants, if made in the
          Company's sole discretion, shall be subject to the APM Maximum
          Obligation and the Share Cap Amount.

               (vi) Notwithstanding anything to the contrary in this
          Supplemental Indenture, the Company will not be obligated to issue
          Common Stock prior to the Fifth Deferral Anniversary if the gross
          proceeds of any issuance of Common Stock and Qualified Warrants
          applied to pay Deferred Interest (including Additional Interest
          thereon) on the ICONs pursuant to this Section 2.1(h), together with
          the gross proceeds of all prior issuances of Common Stock and
          Qualified Warrants applied since the commencement of the Optional
          Deferral Period, would exceed an amount equal to 2% of the product of
          (1) the average of the Current Stock Market Prices of the Company's
          Common Stock on the 10 consecutive trading days ending on the fourth
          trading day immediately preceding the date of issuance by the Company
          of Common Stock applied to pay Deferred Interest (including Additional
          Interest thereon) on the ICONs pursuant to Section 2.1(h) and (2) the
          total number of issued and outstanding shares of the Company's Common
          Stock as of the date of the Company's most recent publicly available
          consolidated financial statements (the "APM Maximum Obligation"). Once
          the Company reaches the APM Maximum Obligation for an Optional
          Deferral

                                       15
<PAGE>

          Period, the Company will not be obligated to issue more Common Stock
          or Qualified Warrants pursuant to this Section 2.1(h) prior to the
          Fifth Deferral Anniversary even if the Current Stock Market Price of
          the Company's Common Stock or the number of outstanding shares of its
          Common Stock subsequently increase. The APM Maximum Obligation will
          cease to apply following the Fifth Deferral Anniversary, at which
          point the Company must repay any Deferred Interest (including
          Additional Interest thereon), regardless of the time at which it was
          deferred, using proceeds from sales of the Company's Common Stock,
          including treasury shares, subject to any Market Disruption Event,
          Supervisory Event, and the Share Cap Amount. If the APM Maximum
          Obligation has been reached during an Optional Deferral Period and the
          Company subsequently repays all Deferred Interest (including
          Additional Interest thereon), the APM Maximum Obligation will cease to
          apply at the termination of such Optional Deferral Period and will not
          apply again unless and until the Company starts a new Optional
          Deferral Period.

               (v) if the Company engages in any transaction that is subject to
          Section 8.1 of the Indenture, where immediately after the consummation
          of such transaction more than 50% of the voting stock of the Person
          formed by such transaction, or the Person that is the surviving entity
          of such transaction, or the Person to whom such properties and assets
          are conveyed, transferred or leased in such transaction, is owned by
          the shareholders of the other party to such transaction, then the
          restrictions of this Section 2.1(h) shall not apply to any interest on
          the ICONs that is deferred and unpaid as of the date of consummation
          of such transaction and, with respect to any Deferral Period that is
          terminated on the next Interest Payment Date following the date of
          consummation of such transaction, Section 2.1(g)(iv) shall not apply.

          (i) Notices. (i) At any time during which the Company would otherwise
     generally have an obligation to use commercially reasonable efforts to sell
     shares of its Common Stock to pay all Deferred Interest (including
     Additional Interest thereon) on the ICONs pursuant to Section 2.1(h)(i), if
     a Market Disruption Event has occurred and is continuing, the Company shall
     give, as promptly as possible after the Company becomes aware of such
     occurrence, a written notice (a "Market Disruption Event Notice") to the
     Trustee, stating that a Market Disruption Event has occurred and the date
     on which such Market Disruption Event has occurred, the nature thereof. No
     later than five (5) Business Days following termination of a Market
     Disruption Event, the Company shall give a written notice to the Trustee
     stating the date on which such Market Disruption Event terminated.

               (ii) At any time during which the Company would otherwise
          generally have an obligation to use commercially reasonable efforts to
          sell shares of its Common Stock to pay all Deferred Interest
          (including Additional Interest thereon) on the ICONs pursuant to
          Section 2.1(h)(i), the Company shall give, as promptly as possible
          after the Company becomes aware of such occurrence, a written notice
          (a "Supervisory Event Notice") to the Trustee stating that a
          Supervisory Event has occurred and the nature thereof. No later than
          five (5) Business Days following

                                       16

<PAGE>

          termination of a Supervisory Event, the Company shall give a written
          notice to the Trustee stating the date on which such Supervisory Event
          terminated.

               (iii) The Company shall give written notice to the Federal
          Reserve: (a) no later than five (5) Business Days following
          commencement of an Optional Deferral Period; and (b) upon the earlier
          to occur of (i) the Fifth Deferral Anniversary of such Optional
          Deferral Period or (ii) the payment of current interest during an
          Optional Deferral Period.

               (iv) At least 25 Business Days in advance of the relevant payment
          date (or such longer period as may be required by the Federal Reserve
          order or by other supervisory action) the Company shall give written
          notice to the Federal Reserve of its intent both (1) to sell shares of
          Common Stock or, at Company's sole discretion, Qualified Warrants and
          (2) to apply the net proceeds from such sale to pay Deferred Interest
          (including Additional Interest thereon), and shall only take any such
          actions if the Federal Reserve does not disapprove either of such
          actions within ten (10) Business Days (or such longer period as may be
          required by Federal Reserve order or by other supervisory action)
          after the Company gives such notice to the Federal Reserve or the
          Federal Reserve has withdrawn any prior disapproval.

          (j) Events of Default. (i) Solely for purposes of the ICONs, Section
     5.1(1) of the Indenture shall be deleted and replaced by the following:

               "(1) default in the payment of interest (including Additional
          Interest thereon), in full on any ICONs for a period of 30 days after
          the conclusion of a period of ten consecutive years following the
          commencement of any Optional Deferral Period."

          (ii) Solely for purposes of the ICONs, the first paragraph of Section
     5.2 of the Indenture shall be deleted and replaced by the following:

               "If an Event of Default specified in Section 5.1(1) with respect
          to the ICONs at the time outstanding occurs and is continuing, then
          and in every such case the Trustee or the Holders of at least 25% in
          principal amount of the outstanding ICONs shall have the right to
          declare the principal amount of, and accrued interest (including any
          Additional Interest thereon) on, all the ICONs to be due and payable
          immediately, by a notice in writing to the Company (and to the Trustee
          if given by holders), provided that if the Trustee or the Holders of
          not less than 25% in principal amount of the outstanding ICONs fail to
          declare the principal of, and accrued interest (including any
          Additional Interest thereon) on, all the Securities of that series to
          be immediately due and payable, then the holders of at least 25% in
          aggregate liquidation amount of the corresponding series of capital
          securities then outstanding shall have such right by a notice in
          writing to the Company and the Trustee; and upon any such declaration
          such principal amount (or specified portion thereof) of, and the
          accrued interest (including any Additional Interest thereon) on, all
          the ICONs shall become

                                       17

<PAGE>

          immediately due and payable. Payment of principal and interest
          (including any Additional Interest thereon) on the ICONs shall remain
          subordinated to the extent provided in Article XIII notwithstanding
          that such amount shall become immediately due and payable as herein
          provided. If an Event of Default specified in Section 5.1(4), (5), (6)
          or (7) with respect to the ICONs at the time Outstanding occurs, the
          principal amount of all the ICONs shall automatically, and without any
          declaration or other action on the part of the Trustee or any Holder,
          become immediately due and payable."

          (iii) For the avoidance of doubt, and without prejudice to any other
     remedies that may be available to the Trustee, the Holders of the ICONs or
     the holders of the capital securities issued by the Trust, no breach by the
     Company of any covenant or obligation under the Indenture or the terms of
     the ICONs shall be an Event of Default (including, without limitation, the
     failure to comply with the provisions of Section 2.1(g) and Section 2.1(h)
     of this Supplemental Indenture), except those that are specifically
     identified as an Event of Default under the Indenture.

          (k) Redemption. The ICONs are repayable at the option of the Company,
     subject to the terms and conditions of Article XI of the Indenture and
     subject to the Company having received prior approval from the Federal
     Reserve if then required under applicable capital guidelines or policies of
     the Federal Reserve, at 100% of their principal amount plus accrued and
     unpaid interest (1) in whole or in part, on one or more occasions at any
     time on or after November 15, 2011, or (2) in whole at any time if a
     Special Event has occurred and is continuing and the Company cannot cure
     the Special Event by some reasonable action, in which case the Company may
     redeem the ICONs within 90 days following the occurrence of the Special
     Event.

          (l) Location of Payment. Payment of the principal of (and premium, if
     any) and interest on the ICONs will be made at an office of the Paying
     Agent located in The City of New York, State of New York, in such coin or
     currency of the United States of America as at the time of payment is legal
     tender for payment of public and private debts; provided, however, that at
     the option of the Company payment of interest may be made (i) by check
     mailed to the address of the Person entitled thereto as such address shall
     appear in the Securities Register or (ii) by wire transfer in immediately
     available funds at such place and to such account as may be designated by
     the Person entitled thereto as specified in the Securities Register. The
     office where the ICONs may be presented or surrendered for payment and the
     office where the ICONs may be surrendered for transfer or exchange and
     where notices and demands to or upon the Company in respect of the ICONs
     and the Indenture may be served shall be the corporate trust office of the
     Paying Agent.

          (m) Limitation on Claims in the Event of Bankruptcy, Insolvency or
     Receivership. Each holder, by such holder's acceptance of the ICONs,
     consents to and agrees that if any insolvency, receivership or bankruptcy
     proceeding with respect to National City shall occur prior to the
     redemption or repayment of the ICONs, such Holder shall have no claim for,
     and thus no right to receive, any Deferred Interest

                                       18

<PAGE>

     (including any Additional Interest thereon) to the extent it exceeds an
     amount equal to 25% of the then outstanding aggregate principal amount of
     the ICONs.

          (n) Sinking Fund. The ICONs shall not be subject to any sinking fund
     or analogous provisions.

          (o) Forms. The ICONs shall be substantially in the form of Annex A
     attached hereto. The Trust Agreement shall be substantially in the form of
     Annex B attached hereto. The Guarantee Agreement shall be substantially in
     the form of Annex C attached hereto.

          (p) Subordination. The subordination provisions of Article XIII of the
     Indenture shall apply; provided, however, that for the purposes of the
     ICONs (but not for the purposes of any other Securities unless specifically
     set forth in the terms of such Securities), the definition of "Senior and
     Subordinated Debt" in the Indenture is hereby amended in its entirety to
     read as follows:

               "'Senior and Subordinated Debt' means the principal of (and
          premium, if any) and interest, if any (including interest accruing on
          or after the filing of any petition in bankruptcy or for
          reorganization relating to the Company whether or not such claim for
          post-petition interest is allowed in such proceeding), on Debt of the
          Company (including, for these purposes and without limitation,
          obligations associated with derivative products including, but not
          limited to, interest rate and foreign exchange contracts, forward
          contracts related to mortgages, securities, commodities or otherwise,
          capitalized lease obligations and guarantees of any of the foregoing),
          whether incurred on or prior to the date of this Indenture or
          thereafter incurred, provided, however, that Senior and Subordinated
          Debt shall not include Pari Passu Securities."

          (q) Special Record Date for the Payment of Deferred Interest. The
     Company may elect to make a payment of any Deferred Interest (including
     Additional Interest thereon) on a date that is not an Interest Payment Date
     to the Persons in whose names the ICONs are registered at the close of
     business on a Special Record Date for the payment of such Deferred Interest
     (including Additional Interest thereon), which shall be fixed in the
     following manner. The Company shall notify the Trustee and the Paying Agent
     in writing of the amount of Deferred Interest (including Additional
     Interest thereon) proposed to be paid on the ICONs and the date of the
     proposed payment, and at the same time the Company shall deposit with the
     Paying Agent an amount of money equal to the aggregate amount proposed to
     be paid in respect of such Deferred Interest (including Additional Interest
     thereon) or shall make arrangements satisfactory to the Paying Agent for
     such deposit prior to the date of the proposed payment, such money when
     deposited to be held in trust for the benefit of the Persons entitled to
     such Deferred Interest (including Additional Interest thereon) as provided
     herein. Thereupon, the Trustee shall fix a Special Record Date for the
     payment of such Deferred Interest (including Additional Interest thereon)
     which shall be not more than 15 days and not less than 10 days prior to the
     date of the proposed payment and not less than 10 days after the receipt by
     the Trustee of the notice of the proposed payment. The Trustee shall
     promptly notify the Company and the

                                       19

<PAGE>

     Paying Agent of such Special Record Date and, in the name and at the
     expense of the Company, the Paying Agent shall cause notice of the proposed
     payment of such Deferred Interest (including Additional Interest thereon)
     and the Special Record Date therefore to be mailed, first-class, postage
     prepaid, to each Holder of ICONs at the address of such Holder as it
     appears in the Securities Register not less than ten days prior to such
     Special Record Date. Notice of the proposed payment of the Deferred
     Interest (including Additional Interest thereon) and the Special Record
     Date therefore having been mailed as aforesaid, such Deferred Interest
     (including Additional Interest thereon) shall be paid to the persons in
     whose names the ICONs are registered on such Special Record Date.

          (r) Replacement Capital Covenant. The Company shall not amend the
     Replacement Capital Covenant to impose additional restrictions on the type
     or amount of Qualifying Capital Securities for purposes of determining the
     extent to which repayment, redemption or repurchase of the ICONs or capital
     securities issued by the Trust is permitted, except with the consent of the
     holders of the majority by liquidation amount of the capital securities
     issued by the Trust, or if the ICONs have been distributed by the Trust, by
     principal amount of the ICONs. Except as aforesaid, the Company may amend
     the Replacement Capital Covenant without consent of the holders of the
     ICONs.

     SECTION 2.2. Amendments. Solely for the purposes of this series of ICONs,
Section 9.1 of the Indenture shall be amended by:

          (a) redesignating original Subsection 9.1(8) as 9.1(9), and original
     Subsection 9.1(9) as 9.1(10); and

          (b) adding a new Subsection 9.1(8) to read as follows:

          "(8) to eliminate Common Stock, Mandatorily Convertible Preferred
     Stock and/or Debt Exchangeable for Equity (but only to the extent
     exchangeable for Common Stock) as a type of security or securities included
     in the definition of "Qualifying Securities" if the Company has been
     advised in writing by a nationally recognized independent accounting firm
     that there is more than an insubstantial risk that the failure to do so
     would result in a reduction in the Company's earnings per share as
     calculated for financial reporting purposes; or".

                                   ARTICLE III

                             REPAYMENT OF THE ICONS

     SECTION 3.1. Repayment. The Company shall, not more than 15 nor less than
10 Business Days prior to each Repayment Date, notify the Trustee of the ICONs
of the principal amount of ICONs to be repaid on such date pursuant to Section
2.1(d).

     SECTION 3.2. Selection of Securities to be Repaid. If less than all the
ICONs are to be repaid on any Repayment Date (unless such repayment affects only
a single ICON), the particular ICONs to be repaid shall be selected not more
than 60 days prior to such Repayment Date by the Trustee, from the outstanding
ICONs not previously repaid or called for redemption, by lot, provided that the
portion of the principal amount of any ICONs not repaid shall be in an

                                       20

<PAGE>

authorized denomination (which shall not be less than the minimum authorized
denomination) for such ICONs.

     The Trustee shall promptly notify the Company in writing of the ICONs
selected for partial repayment and the principal amount thereof to be repaid.
For all purposes hereof, unless the context otherwise requires, all provisions
relating to the repayment of ICONs shall relate, in the case of any ICONs repaid
or to be repaid only in part, to the portion of the principal amount of such
ICONs which has been or is to be repaid. If the Company shall so direct, ICONs
registered in the name of the Company, any Affiliate or any Subsidiary thereof
shall not be included in the ICONs selected for repayment.

     SECTION 3.3. Notice of Repayment. Notice of repayment shall be given by
first-class mail, postage prepaid, mailed not later than the 15th day, and not
earlier than the 10th day, prior to the Repayment Date, to each holder of
Capital Securities to be repaid, at the address of such holder as it appears in
the Securities Register.

     Each notice of repayment shall identify the ICONs to be repaid (including
CUSIP number, if a CUSIP number has been assigned to the ICONs) and shall state:

          (a) the Repayment Date;

          (b) if less than all outstanding ICONs are to be repaid, the
     identification (and, in the case of partial repayment, the respective
     principal amounts) of the particular ICONs to be redeemed;

          (c) that on the Repayment Date, the principal amount of the ICONs to
     be repaid will become due and payable upon each such ICON or portion
     thereof, and that interest thereon, if any, shall cease to accrue on and
     after said date; and

          (d) the place or places where such ICONs are to be surrendered for
     payment of the principal amount thereof.

     Notice of repayment shall be given by the Trustee in the name and at the
expense of the Company and shall be irrevocable. The notice if mailed in the
manner herein provided shall be conclusively presumed to have been duly given,
whether or not the holder receives such notice. In any case, a failure to give
such notice by mail or any defect in the notice to the holder of any ICONs
designed for repayment as a whole or in part shall not affect the validity of
the proceedings for the repayment of any other ICONs.

     SECTION 3.4. Deposit of Repayment Amount. Prior to 10:00 a.m., New York
City time, on the Repayment Date specified in the notice of repayment given as
provided in Section 3.3, the Company will deposit with the Trustee or with one
or more Payment Agents an amount of money sufficient to pay the principal amount
of, and any accrued interest (including Additional Interest thereon) on, all the
ICONs which are to be repaid on that date.

     SECTION 3.5. Payment of ICONs Subject to Repayment. If any notice of
repayment has been given as provided in Section 3.3, the ICONs or portion of the
ICONs with respect to which such notice has been given shall become due and
payable on the date and at the place or places

                                       21

<PAGE>

stated in such notice. On presentation and surrender of such ICONs at a Place of
Payment in said notice specified, the said ICONs or the specified portions
thereof shall be paid by the Company at their principal amount, together with
accrued interest (including any Additional Interest thereon) to the Repayment
Date; provided that, except in the case of a repayment in full of all
outstanding ICONs, installments of interest the Payment Date for which is on or
prior to the Repayment Date will be payable to the holders of such ICONs, or one
or more Predecessor Securities, registered as such at the close of business on
the relevant Record Dates according to their terms and the provisions of Section
3.7 of the Indenture.

     Upon presentation of any ICON repaid in part only, the Company shall
execute and the Trustee shall authenticate and make available for delivery to
the holder thereof, at the expense of the Company, a new ICON or ICONs, of
authorized denominations, in aggregate principal amount equal to the portion of
the ICON not repaid and so presented and having the same date of original
issuance, Final Maturity Date and terms.

     If any ICON called for repayment shall not be so paid upon surrender
thereof, the principal of such ICON shall, until paid, bear interest from the
Repayment Date at the rate prescribed therefore in the ICON.

                                   ARTICLE IV

                                    COVENANTS

     SECTION 4.1. Covenants as to Trust. For so long as any Capital Securities
of the Trust remain outstanding, the Company will (i) maintain 100% direct or
indirect ownership of the Common Stock of the Trust; provided, however, that any
permitted successor of the Company hereunder may succeed to the Company's
ownership of such Common Stock, (ii) not voluntarily dissolve, wind up or
terminate the Trust, except in connection with a distribution of ICONs upon a
Special Event, and in connection with certain mergers, consolidations or
amalgamations permitted by the Trust Agreement, (iii) timely perform its duties
as Sponsor of the Trust, (iv) use its reasonable efforts to cause the Trust to
(a) remain a business trust, except in connection with a distribution of ICONs
to the holders of Capital Securities as provided in the Trust Agreement, the
redemption of all of the ICONs and in connection with certain mergers,
consolidations or amalgamations permitted by the Trust Agreement, and (b)
otherwise continue to be classified as a grantor trust for United States federal
income tax purposes and (v) not knowingly take an action that would cause the
Trust to not be classified as a grantor trust for United States federal income
tax purposes.

     SECTION 4.2. Payment of Expenses. (a) In connection with the offering, sale
and issuance of the ICONs to the Trustee and in connection with the sale of
Capital Securities by the Trust, the Company, in its capacity as borrower with
respect to such ICONs, shall:

               (i) pay all costs and expenses relating to the offering, sale and
          issuance of ICONs, including commissions to the underwriters payable
          pursuant to the applicable Underwriting Agreement and compensation of
          the Trustee under this Supplemental Indenture in accordance with the
          provisions of Section 6.6 of the Indenture;

                                       22

<PAGE>

               (ii) pay all costs and expenses of the Trust (including, but not
          limited to, costs and expenses relating to the organization of the
          Trust, the offering, sale and issuance of the Capital Securities of
          the Trust, (including commissions to the underwriters in connection
          therewith), the fees and expenses of the Trustee, the costs and
          expenses relating to the operation, maintenance and dissolution of the
          Trust and the enforcement by such Trustee of the rights of the holders
          of Capital Securities of the Trust, including without limitation,
          costs and expenses of accountants, attorneys, statistical or
          bookkeeping services, expenses for printing and engraving and
          computing or accounting equipment, paying agents(s), registrar(s),
          transfer agent(s), duplicating, travel and telephone and other
          telecommunications expenses and costs and all expenses incurred in
          connection with the acquisition, financing, and disposition of assets
          of the Trust);

               (iii) be primarily liable for any indemnification obligations
          arising with respect to the Trust Agreement;

               (iv) pay any and all taxes (other than United States withholding
          taxes in respect of amounts paid on the ICONs held by the Trust) and
          all liabilities, costs and expenses with respect to such taxes of the
          Trust;

          (b) Upon termination of this Supplemental Indenture or the ICONs or
     the removal or resignation of the Trustee pursuant to Section 6.8 of the
     Indenture and the appointment and acceptance of a successor Trustee, the
     Company shall pay to the Trustee all amounts accrued and owing to the
     Trustee to the date of such termination, removal or resignation. Upon
     termination of the Trust Agreement or the removal or resignation of the
     Trustee, as the case may be, pursuant to the Section 8.11 of the Trust
     Agreement, the Company shall pay to such Trustee, as the case may be, all
     amounts accrued and owing to such Trustee, as the case may be, to the date
     of such termination, removal or resignation.

     SECTION 4.3. Listing on an Exchange. If ICONs are to be issued as a Global
Security in connection with the distribution of such ICONs to the holders of the
Capital Securities of the Trust upon a Dissolution Event with respect to the
Trust, the Company will use its best efforts to list such ICONs on the New York
Stock Exchange or on such other securities exchange or market as the Capital
Securities of the Trust are then listed. The Company will promptly notify the
Trustee in writing if the ICONs are to be listed on any securities exchange.

                                    ARTICLE V

                                  MISCELLANEOUS

     SECTION 5.1. If any provision of this Supplemental Indenture limits,
qualifies or conflicts with the duties imposed by any of Sections 310 to 317,
inclusive, of the Trust Indenture Act of 1939 through operation of Section
318(c) thereof, such imposed duties shall control.

     SECTION 5.2. The Article headings herein are for convenience only and shall
not effect the construction hereof.

                                       23

<PAGE>

     SECTION 5.3. Acknowledgement of Rights. The Company acknowledges that, with
respect to any ICONs held by the Trust or the Trustee, if the Trustee fails to
enforce its right under this Supplemental Indenture as the holder of the ICONs
held as the assets of the Trust, any holder of Capital Securities may institute
legal proceedings directly against the Company to enforce the Trustee's rights
under this Supplemental Indenture without first instituting any legal
proceedings against such Trustee or any other person or entity.

     Notwithstanding the foregoing, if a Event of Default has occurred and is
continuing and such event is attributable to the failure of the Company to pay
interest or principal on the ICONs on the date such interest or principal is
otherwise payable (or in the case of redemption, on the redemption date), the
Company acknowledges that a holder of Capital Securities issued by the Trust
which is, or the Trustee of which is, the holder of such Capital Securities may
directly institute a proceeding for enforcement of payment to such holder of the
principal of or interest on the ICONs having a principal amount equal to the
aggregate liquidation amount of the Capital Securities of such holder (a "Direct
Action") on or after the respective due date specified of such holder on or
after the respective due date specified in the ICONs. Notwithstanding any
payments made to such holder of Capital Securities by the Company in connection
with a Direct Action, the Company shall remain obligated to pay the principal of
or interest on the ICONs held by the Trust or Trustee, and the Company shall be
subrogated to the rights of the holder of such Capital Securities to the extent
of any payments made by the Company to such holder in any Direct Action.

     SECTION 5.4. All covenants and agreements in this Supplemental Indenture by
the Company shall bind its successors and assigns, whether so expressed or not.

     SECTION 5.5. In case any provision of this Supplemental Indenture 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 5.6. Nothing in this Supplemental Indenture is intended to or shall
provide any rights to any parties other than those expressly contemplated by
this Supplemental Indenture.

     SECTION 5.7. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE.

     SECTION 5.8. The Trustee makes no representations as to the validity or
sufficiency of this Supplemental Indenture. The Recitals and statements herein
are deemed to be those of the Company and not of the Trustee.

                                     * * * *

                                       24

<PAGE>

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

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
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.

                                        NATIONAL CITY CORPORATION

                                        By: /s/ Thomas A. Richlovsky
                                            ------------------------------------
                                        Its: Thomas A. Richlovsky
                                             Senior Vice President and Treasurer
                                             -----------------------------------

                                        THE BANK OF NEW YORK TRUST COMPANY, N.A.
                                        as Trustee

                                        By: /s/ Linda Garcia
                                            ------------------------------------
                                        Its: Assistant Vice President
                                             -----------------------------------

<PAGE>

                            NATIONAL CITY CORPORATION

                 SERIES A INCOME CAPITAL OBLIGATIONS NOTES(SM)

NO. ________

$___________

     NATIONAL CITY CORPORATION, a corporation organized and existing under the
laws of the State of Delaware (hereinafter called the "Company," which term
includes any successor corporation under the Indenture hereinafter referred to),
for value received, hereby promises to pay to The Bank of New York Trust
Company, N.A., the Property Trustee of NATIONAL CITY CAPITAL TRUST II, or
registered assigns, the principal sum of __ dollars (__) on November 15, 2066,
or if such day is not a Business Day (as hereinafter defined), the following
Business Day (the "Final Maturity Date"); provided that the principal amount of,
and all accrued and unpaid interest on, this Security shall be payable in full
on November 15, 2036 (the "Scheduled Maturity Date") or any subsequent Interest
Payment Date (as hereinafter defined) to the extent set forth in the
Supplemental Indenture hereinafter referred to. The Company is authorized to
direct payments to The Bank of New York Trust Company, N.A., in its capacity as
paying agent under the Trust Agreement (as defined below), or any other paying
agent appointed under the terms of the Trust Agreement. This Security shall bear
interest (i) from and including November 3, 2006 to but excluding the Scheduled
Maturity Date, at an annual rate of 6.625%, computed on the basis of a 360-day
year comprised of twelve 30-day months; provided that the amount of interest for
any period shorter than a full quarterly period will be computed on the basis of
a 30-day month and, for periods of less than a month, the actual number of days
elapsed over a 360-day year, and (ii) on and after the Scheduled Maturity Date,
as to any unpaid amounts that remain outstanding, at an annual rate equal to
One-Month LIBOR plus 2.290%, computed on the basis of a 360-day year and the
actual number of days elapsed. Subject to Sections 2.1(g) and (h), interest on
this Security shall be payable (i) quarterly in arrears on November 15, February
15, May 15 and August 15 of each year, commencing _____, 2006 until the
Scheduled Maturity Date, or if such day is not a Business Day, the following
Business Day (each such date, a "Quarterly Interest Payment Date") and (ii)
thereafter, monthly in arrears on the last day of each month, or if such day is
not a Business Day, the Business Day immediately preceding such Business Day
(each such date, a "Monthly Interest Payment Date"). A "Business Day" shall mean
any day other than (i) a Saturday or Sunday, (ii) a day on which banking
institutions in The City of New York are authorized or required by law or
executive order to remain closed or (iii) a day on which the Corporate Trust
Office or the principal offices of the Property Trustee is closed for business.
The interest installment so payable, and punctually paid or duly provided for,
on any Interest Payment Date will, as provided in the Indenture, be paid to the
Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest
installment, which shall be (i) the Business Day next preceding such Interest
Payment Date if this Security is issued in the form of a Global Security, or
(ii) the fifteenth day (whether or not a Business Day) preceding such Interest
Payment Date if this Security is not issued in the form of a Global

----------
(SM) Income Capital Obligation Notes is a service mark of Merrill Lynch & Co.,
     Inc.

                                       1

<PAGE>

Security. Any such interest installment not so punctually paid or duly provided
for shall forthwith cease to be payable to the Holder on such Regular Record
Date and may either be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of the Securities of this
series not fewer than ten days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more full
provided in said Indenture.

     The Company shall have the right, at any time and from time to time prior
to the Final Maturity Date of this Security, to defer the payment of interest
thereon for one or more Optional Deferral Periods consisting of no more than 20
consecutive quarters without becoming subject to the obligations to issue
Eligible Equity and pay Deferred Interest pursuant to Section 2.1(h) of the
First Supplemental Indenture. The Company shall also have the right, at any time
and from time to time prior to the Final Maturity Date of this Security, to
defer payment of interest thereon for one or more Optional Deferral Periods
consisting of no more than 40 consecutive quarters without giving rise to an
Event of Default. The Company may elect to so defer payment of interest by
delivering to the Trustee written notice of such election at least ten and not
more than 15 Business Days prior to the applicable Interest Payment Date.
Notwithstanding the foregoing, no Optional Deferral Period shall extend beyond
the Final Maturity Date of this Security.

     During any Optional Deferral Period, the Company shall not, and shall not
permit any Subsidiary of the Company to, (1) declare or pay any dividends or
distributions on, or redeem, purchase, acquire or make a liquidation payment
with respect to, any of the Company's capital stock (which includes Common Stock
and the Company's preferred stock), (2) make any payment of principal of or
interest or premium, if any, on or repay, repurchase or redeem any debt
securities of the Company (including other Income Capital Obligation Notes or
other junior subordinated debt) that rank pari passu with or junior in interest
to the Securities of this Series or (3) make any Guarantee payments with respect
to any Guarantee by the Company of the debt securities of any Subsidiary of the
Company (including other Income Capital Obligation Notes or other junior
subordinated debt) if such Guarantee ranks pari passu with or junior in interest
to the Securities of this series, other than in the case of each of clauses (1),
(2) and (3): (A) any dividends or distributions in additional shares of the
Company's capital stock (which includes Common Stock and the Company's preferred
stock), (B) any payments under the Guarantee with respect to the Capital
Securities and common securities of the Trust, (C) any declaration or payment of
a dividend in connection with the implementation of a stockholders' rights plan,
or any issuance of stock under any such plan in the future or the redemption or
repurchase of any such rights pursuant thereto, and (D) any purchases of Common
Stock related to the issuance of Common Stock or rights under any of the
Company's benefits plans for its directors, officers or employees.

     Payment of principal of (and premium, if any) and interest on this Security
will be made at the office or agency of the Company maintained for that purpose
in the United States, in such coin or currency of the United States of America
as at the time of payment is legal tender for payment of public and private
debts; provided, however, that at the option of the Company payment of interest
may be made (i) by check mailed to the address of the Person entitled thereto

<PAGE>

as such address shall appear in the Securities Register or (ii) by wire transfer
in immediately available funds at such place and to such account as may be
designated in writing at least 15 days before the relevant Interest Payment Date
by the Person entitled thereto as specified in the Securities Register.

     The indebtedness evidenced by this Security is, to the extent provided in
the Indenture, subordinated and subject in right of payments to the prior
payment in full of all Senior and Subordinated Debt (as such definition is
modified in the First Supplemental Indenture with respect to this Security), and
this Security is issued subject to the provisions of the Indenture with respect
thereto. Each Holder of this Security, by accepting the same, (a) agrees to and
shall be bound by such provisions, (b) authorizes and directs the Trustee on his
behalf to take such actions as may be necessary or appropriate to effectuate the
subordination so provided and (c) appoints the Trustee his attorney-in-fact for
any and all such purposes. Each Holder hereof, by his acceptance hereof, waives
all notice of the acceptance of the subordination provisions contained herein
and in the Indenture by each holder of Senior and Subordinated Debt, whether now
outstanding or hereafter incurred, and waives reliance by each such holder upon
said provisions.

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

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

<PAGE>

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

                                        NATIONAL CITY CORPORATION

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

[SEAL]

Attest:

-------------------------------------
Assistant Secretary

Dated:
       ------------------------------

<PAGE>

                               REVERSE OF SECURITY

     This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and to be issued in one or more
series under a Junior Subordinated Indenture, dated as of November 3, 2006, as
supplemented by the First Supplemental Indenture, dated as of November 3, 2006
(herein together called the "Indenture"), between the Company and The Bank of
New York Trust Company, N.A., as Trustee (herein called the "Trustee," which
term includes any successor Trustee under the Indenture), to which Indenture and
all indentures supplemental thereto reference is hereby made for a statement of
the respective rights, limitations of rights, duties and immunities thereunder
of the Trustee, the Company and the Holders of the Securities, and of the terms
upon which the Securities are, and are to be, authenticated and delivered. This
Security is one of the series designated on the face hereof, limited in
aggregate principal amount to $863,500,000, issuable on one or more occasions.

     All terms used in this Security that are defined in the Indenture or in the
Amended and Restated Trust Agreement, dated as of November 3, 2006 (the "Trust
Agreement"), for National City Capital Trust II, among National City
Corporation, as Depositor, and the Trustees named therein, shall have the
meanings assigned to them in the Indenture or the Trust Agreement, as the case
may be.

     The Company may at any time, at its option, on or after November 15, 2011,
and subject to the terms and conditions of Article XI of the Indenture and
Section 2.1(k) of the First Supplemental Indenture, and subject to prior
approval by the Board of Governors of the Federal Reserve System if then
required, redeem this Security in whole at any time or in part from time to
time, without premium or penalty, at a redemption price equal to 100% of the
principal amount thereof plus accrued and unpaid interest (including Additional
Interest thereon, if any), to the Redemption Date.

     Following the earlier of (i) the Fifth Deferral Anniversary and (ii) the
date of any payment of current interest during an Optional Deferral Period, the
Company shall apply the net proceeds received by it from sales of shares of its
Common Stock, including sales of treasury shares, to the payment of all amounts
owing in respect of Deferred Interest (including Additional Interest thereon),
with net proceeds to be paid promptly after receipt until all amounts owing in
respect of Deferred Interest (including Additional Interest thereon) have been
paid in full. In the event that net proceeds received by the Company from one or
more sales of shares of its Common Stock following such Fifth Deferral
Anniversary are not sufficient to satisfy the full amount of Deferred Interest
(including Additional Interest thereon), such net proceeds will be paid to the
holders of the ICONs on a pro rata basis; provided, that if the Company has
outstanding at such time any debt securities ranking pari passu with the
Securities under the terms of which the Company is obligated to sell shares of
its Common Stock and apply the net proceeds to payment of Deferred Interest
(including Additional Interest thereon) on such pari passu securities and the
Company at such time is required to apply such proceeds to pay Deferred Interest
(including Additional Interest thereon) on such pari passu securities, then on
any date and for any period the amount of net proceeds received by the Company
from such sales and available for payment of such Deferred Interest (including
Additional Interest thereon)

<PAGE>

shall be applied to the Securities and such pari passu securities on a pro rata
basis, taking into account any net proceeds from the sales of securities other
than Common Stock or Qualified Warrants that would be permitted to be applied to
the payment of Deferred Interest (including Additional Interest thereon) on any
such pari passu securities. Notwithstanding the above, the Company shall not be
obligated to sell Common Stock or to apply such net proceeds or any portion
thereof to the payment of Deferred Interest (including Additional Interest
thereon) during the occurrence and continuation of Market Disruption Event or a
Supervisory Event.

     Upon the occurrence and during the continuation of a Tax Event, Investment
Company Event or a Regulatory Capital Event in respect of a Trust, the Company
may, at its option, at any time within 90 days of the occurrence of such Tax
Event, Investment Company Event or Regulatory Capital Event redeem this
Security, in whole but not in part, subject to the provisions of Article XI of
the Indenture, at a redemption price equal to 100% of the principal amount
thereof plus accrued and unpaid interest(including Additional Interest thereon,
if any), to the Redemption Date.

     The Indenture contains provisions for satisfaction and discharge of the
entire indebtedness of this Security upon compliance by the Company of certain
conditions set forth in the Indenture.

     The Indenture permits, with certain exceptions as therein provided, the
Company and the Trustee at any time to enter into a supplemental indenture or
indentures for the purpose of modifying in any manner the rights and obligations
of the Company and of the Holders of the Securities, with the consent of the
Holders of not less than a majority in principal amount of the Outstanding
Securities of all series to be affected by such supplemental indenture. The
Indenture also contains provisions permitting Holders of specified percentages
in principal amount of the Securities of all series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holders of this Security and of any Security issued upon the registration and
transfer hereof or in exchange hereof or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.

     As provided in and subject to the provisions of the Indenture, if an Event
of Default with respect to the Securities of this series at the time Outstanding
occurs and is continuing, then and in every such case the Trustee or the Holders
of not less that 25% in principal amount of the Outstanding Securities of this
series may declare the principal amount of all the Securities of this series to
be due and payable immediately, by a notice in writing to the Company (and to
the Trustee if given by the Holders), provided that, in the case of the
Securities of this series issued to a Trust, if upon an Event of Default under
the First Supplemental Indenture, the Trustee or the Holders of not less than
25% in principal amount of the Outstanding Securities of this series fails to
declare the principal of all the Securities of this series to be immediately due
and payable, the holders of at least 25% in aggregate Liquidation Amount of the
capital securities issued by the Trust then outstanding shall have such right by
a notice in writing to the Company and the Trustee; and upon any such
declaration the principal amount of and the accrued interest (including
Additional Interest thereon) on all the Securities of this series shall become
immediately due and payable, provided that the payment of principal and interest
(including

<PAGE>

Additional Interest thereon) on such Securities shall remain subordinated to the
extent provided in Article XIII of the Indenture and Section 2.1(o) of the First
Supplemental Indenture.

     No reference herein to the Indenture and no provision of this Security or
of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of (and premium, if any) and
interest on this Security at the times, places and rate, and in the coin or
currency, herein prescribed (subject to the deferral rights of the Company
described in the Indenture).

     As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Security is registrable in the Securities Register,
upon surrender of this Security for registration of transfer at the office or
agency of the Company maintained under Section 10.2 of the Indenture duly
endorsed by, or accompanied by written instrument of transfer in form
satisfactory to the Company and the Securities Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Securities of this series, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or
transferees. No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

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

     The Securities of this series are issuable only in registered form without
coupons in denominations of $25 and in any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for like aggregate principal amount
of Securities of such series of a different authorized denomination, as
requested by the Holder surrendering the same.

     The Company and, by its acceptance of this Security or a beneficial
interest therein, the Holder of, and any Person that acquires a beneficial
interest in, this Security agree to treat the Trust as a grantor trust and
beneficial owners of interests in the Trust as owning an undivided beneficial
interest in the Security and to treat the Security as indebtedness for all
United States federal, state and local tax purposes.

     THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE
AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE.

<PAGE>

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

                                        THE BANK OF NEW YORK TRUST COMPANY, N.A.
                                        as Trustee

                                        By:
                                            ------------------------------------
                                            Authorized Signatory

Dated:
       ------------------------------

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