Document:

exhibit 4(s)

Exhibit
4(s)

 

TXU
Corp.

 

 

OFFICER’S
CERTIFICATE

 

Anthony
Horton, the Senior Vice President and Treasurer of TXU Corp., a Texas
corporation (the “Company”), pursuant to the authority granted in the Board
Resolutions of the Company dated November 19, 2004 and Sections 102, 201, 301
and 1501 of the Indenture defined herein, does hereby certify to The Bank of New
York, as Trustee (the “Trustee”) under the Indenture of the Company (For
Unsecured Debt Securities Series R) dated as of November 1, 2004 (the
“Indenture”) that:

 

	1.  	
      The
      Securities of the first series to be issued under the Indenture shall be
      initially issued in a series designated “6.55% Series R Senior Notes due
      November 15, 2034” (the “Notes”). The Notes shall be in substantially the
      form set forth in Exhibit A hereto. All capitalized terms used in this
      certificate which are not defined herein shall have the meanings set forth
      in Exhibit A hereto; all capitalized terms used in this certificate
      which are not defined herein or in Exhibit A hereto shall have the
      meanings set forth in the Indenture;

 

	2.  	
      The
      Notes shall mature and the principal shall be due and payable together
      with all accrued and unpaid interest thereon on November 15, 2034.
      

 

	3.  	
      The
      Notes need not be issued at the same time, and this first series of Notes
      may be reopened for issuances of additional Notes by the Company from time
      to time, without the consent of the existing holders of the Notes. Such
      additional Notes shall have the same terms and conditions as the Notes,
      except for the issue date, issue price and, if applicable, the initial
      interest payment on such Notes. Additional Notes issued in this manner
      will be consolidated with, and will form a single series with, the
      Notes.

 

	4.  	
      The
      Notes shall bear interest as provided in the form thereof set forth in
      Exhibit A hereto. For the purposes of Section 310 of the Indenture, a
      period from and including the 15th of
      one month to but not including the 15th of
      the next month will be considered a full
month;

 

	5.  	
      Each
      installment of interest on a Note shall be payable as provided in the
      applicable form thereof set forth in Exhibit
A.

 

	6.  	
      The
      principal of, and premium, if any, and each installment of interest on the
      Notes shall be payable and registration of transfers and exchanges in
      respect of the Notes may be effected, at the office or agency of the
      Company in The City of New York; provided that payment of interest may be
      made at the option of the Company by check mailed to the address of the
      persons entitled thereto or by wire transfer to an account designated by
      the person entitled thereto; and provided further that so long as the
      Notes are registered in the name of The Depository Trust Company (“DTC”),
      or its nominee as discussed below, all payments of principal and interest
      in respect of the Notes will be made in immediately available funds.
      Notices and demands to or upon the Company in respect of the Notes and the
      Indenture may be served at the office or agency of the Company in The City
      of New York. The Corporate Trust Office of the Trustee will initially be
      the agency of the Company for such payment, registration and registration
      of transfers and exchanges and service of notices and demands and the
      Company hereby appoints the Trustee as its agent for all such purposes;
      and the Trustee will initially be the Security Registrar and the Paying
      Agent for the Notes; provided, however, that the Company reserves the
      right to change, by one or more Officer’s Certificates, any such office or
      agency and such agent;

 

	7.  	
      The
      Notes will be redeemable at the option of the Company prior to the Stated
      Maturity of the principal thereof as provided in the form thereof set
      forth in Exhibit A hereto;

 

	8.  	
      The
      Notes shall be initially issued in global form registered in the name of
      Cede & Co., as nominee for The Depository Trust Company (“DTC”);
      provided, that the Company reserves the right to provide for another
      depositary, registered as a clearing agency under the Exchange Act, to act
      as depositary for the global Notes (DTC and any such successor depositary,
      the “Depositary”); beneficial interests in Notes issued in global form may
      not be exchanged in whole or in part for individual certificated Notes in
      definitive form, and no transfer of a global Note in whole or in part may
      be registered in the name of any Person other than the Depositary or its
      nominee except that if the Depositary (A) has notified the Company that it
      is unwilling or unable to continue as depositary for the global Notes or
      (B) has ceased to be a clearing agency registered under the Exchange Act
      and, in either case, a successor depositary for such global Notes has not
      been appointed, the Company will execute, and the Trustee, upon receipt of
      a Company Order for the authentication and delivery of definitive Notes,
      will authenticate and deliver Notes in definitive certificated form in an
      aggregate principal amount equal to the principal amount of the global
      Notes representing such Notes in exchange for such global Notes, such
      definitive Notes to be registered in the names provided by the Depositary;
      each global Note (i) shall represent and shall be denominated in an amount
      equal to the aggregate principal amount of the outstanding Notes to be
      represented by such global Note (ii) shall be registered in the name of
      the Depositary or its nominee, (iii) shall be delivered by the Trustee to
      the Depositary, its nominee, any custodian for the Depositary or otherwise
      pursuant to the Depositary’s instruction and (iv) shall bear a legend
      restricting the transfer of such global Note to any person other than the
      Depositary or its nominee; none of the Company, the Trustee, any Paying
      Agent or any Authenticating Agent will have any responsibility or
      liability for any aspect of the records relating to, or payments made on
      account of, beneficial ownership interests in a global Note or for
      maintaining, supervising or reviewing any records relating to such
      beneficial ownership interests; the Notes in global form will contain
      restrictions on transfer, substantially as described in the form set forth
      in Exhibit A. DTC or such nominee shall be the Holder of such global
      securities for all purposes under the Indenture and the Notes, and
      beneficial owners with respect to such global security shall hold their
      interests pursuant to applicable procedures of Depositary. The Company,
      the Trustee and the Securities Registrar shall be entitled to deal with
      Depositary for all purposes of the Indenture relating to such global
      security (including the payment of principal, premium, if any, and
      interest, if any, and the giving of instructions or directions by or to
      the beneficial owners of such global security) as the sole Holder of such
      global security and shall have no obligations to the beneficial owners
      thereof.

 

	9.  	
      The
      Notes will be initially issued pursuant to Section 4(2) of the Securities
      Act of 1933, as amended (the “Securities Act”). Each Note, whether in a
      global form or in a certificated form, shall bear the non-registration
      legend and the registration rights legend in substantially the form set
      forth in such form, unless otherwise agreed by the Company, such agreement
      to be confirmed in writing to the Trustee. Nothing in the Indenture, the
      Notes or this certificate shall be construed to require the Company to
      register any Notes under the Securities Act, unless otherwise expressly
      agreed by the Company, confirmed in writing to the Trustee, or to make any
      transfer of such Notes in violation of applicable law. The Company will
      enter into a registration rights agreement with the initial purchasers of
      the Notes pursuant to which, among other things, the Notes may be
      exchanged for notes registered under the Securities Act (the “Exchange
      Notes”). The Exchange Notes shall be in substantially the form of Exhibit
      A, but without the non-registration legend, the registration rights
      legend, the provisions restricting transfers and resales of the Notes and
      the Certificate of Transfer. The Trustee, at the request of the Company,
      shall authenticate and deliver the Exchange Notes in exchange for an equal
      principal amount of Notes of such series.

 

2

 

	10.  	
      It
      is contemplated that beneficial interests in Notes owned by qualified
      institutional buyers (as defined in Rule 144A under the Securities Act)
      (“QIBs”) or sold to QIBs in reliance upon Rule 144A under the Securities
      Act will be represented by one or more separate certificates in global
      form registered in the name of Cede & Co., as registered owner and as
      nominee for DTC; beneficial interests in Notes sold to foreign purchasers
      pursuant to Regulation S under the Securities Act will be evidenced by one
      or more separate certificates in global form (each a “Regulation S Global
      Certificate”) and will be registered in the name of Cede & Co., as
      registered owner and as nominee for DTC for the accounts of Euroclear and
      Clearstream Banking; prior to the 40th day after the date of initial
      issuance of the Notes, beneficial interests in a Regulation S Global
      Certificate may be held only through Euroclear or Clearstream Banking,
      other than beneficial interests sold in accordance with Rule
      144A.

 

In
connection with any transfer of Notes, the Trustee, the Security Registrar and
the Company shall be under no duty to inquire into, may conclusively presume the
correctness of, and shall be fully protected in relying upon the certificates
and other information (in the forms attached hereto as Exhibit A, for use in
connection with the transfer of the Notes in certificated form, or Exhibit B,
for use in connection with the transfer of beneficial interests in one
certificate in global form to another certificate or to a Note in certificated
form, or otherwise) received from the Holders and any transferees of any Notes
regarding the validity, legality and due authorization of any such transfer, the
eligibility of the transferee to receive such Note and any other facts and
circumstances related to such transfer. None of the Company, the Trustee or the
Securities Registrar shall have any liability for any acts or omissions of the
Depositary, for any Depositary records of beneficial interests, for any
transactions between the Depositary or any participant member of the Depositary
and/or beneficial owners, for any transfers of beneficial interests in the
Notes, or in respect of any transfers effected by the Depositary or by any
participant member of the Depositary or any beneficial owner of any interest in
any Notes held through any such participant member of the
Depositary.

 

	11.  	
      The
      Trustee, the Security Registrar and the Company will have no
      responsibility under the Indenture for transfers of beneficial interests
      in the Notes, for any depository records of beneficial interests or for
      any transactions between the depository and beneficial
    owners;

 

	12.  	
      No
      service charge shall be made for the registration of transfer or exchange
      of the Notes; provided, however, that the Company may require payment of a
      sum sufficient to cover any tax or other governmental charge that may be
      imposed in connection with the exchange or
transfer;

 

	13.  	
      If
      the Company shall make any deposit of money and/or Eligible Obligations
      with respect to any Notes, or any portion of the principal amount thereof,
      as contemplated by Section 701 of the Indenture, the Company shall not
      deliver an Officer’s Certificate described in clause (z) in the first
      paragraph of said Section 701 unless the Company shall also deliver to the
      Trustee, together with such Officer’s Certificate,
  either:

 

(A)  an
instrument wherein the Company, notwithstanding the satisfaction and discharge
of its indebtedness in respect of the Notes, shall assume the obligation (which
shall be absolute and unconditional) to irrevocably deposit with the Trustee or
Paying Agent such additional sums of money, if any, or additional Eligible
Obligations (meeting the requirements of Section 701), if any, or any
combination thereof, at such time or times, as shall be necessary, together with
the money and/or Eligible Obligations theretofore so deposited, to pay when due
the principal of and premium, if any, and interest due and to become due on such
Notes or portions thereof, all in accordance with and subject to the provisions
of said Section 701; provided, however, that such instrument may state that the
obligation of the Company to make additional deposits as aforesaid shall be
subject to the delivery to the Company by the Trustee of a notice asserting the
deficiency accompanied by an opinion of an independent public accountant of
nationally recognized standing, selected by the Trustee, showing the calculation
thereof; or

 

3

(B)  an
Opinion of Counsel to the effect that, as a result of a change in law occurring
after the date of this certificate, the Holders of such Notes, or portions of
the principal amount thereof, will not recognize income, gain or loss for United
States federal income tax purposes as a result of the satisfaction and discharge
of the Company’s indebtedness in respect thereof and will be subject to United
States federal income tax on the same amounts, at the same times and in the same
manner as if such satisfaction and discharge had not been effected.

 

	14.  	
      The
      obligations of the Company under the Notes and under the Indenture to the
      extent related to such series will be subject to assignment by the Company
      to and assumption by a wholly owned Subsidiary of the Company at any time,
      as provided in the form of Notes set forth in Exhibit A hereto,
      provided, however, that the Company shall not make any such assignment
      unless the Company shall deliver to the Trustee an Opinion of Counsel to
      the effect that the Holders of such Notes, or portions of the principal
      amount thereof, will not recognize income, gain or loss for United States
      federal income tax purposes as a result of such assignment and
      assumption;

 

In the
event that such Subsidiary assumes the obligations under the Notes, the Company
will issue an unconditional guarantee of the Notes which guarantee shall be in
form and substance satisfactory to the Trustee. Pursuant to the guarantee, the
Company will remain fully and unconditionally liable for the payment obligations
of such assuming Subsidiary under the Notes and under the Indenture, including,
without limitation, payment, as and when due, of the principal of, premium, if
any, and interest on, the Notes. Other than the obligation to make payments of
the principal of, premium, if any, and interest on, the Notes and payments to
the Trustee under Section 907 of the Indenture, the Company will be released and
discharged from all of its other obligations under the Indenture. The foregoing
assignment and assumption shall be in compliance with applicable law, including
the Securities Act.

 

If the
Company assigns its obligations under the Indenture to a Subsidiary, the
guarantee will provide that if there is an Event of Default and the Holders are
prevented by applicable law from exercising their rights to accelerate the
maturity of the Notes, to collect interest on the Notes, or to enforce any other
right or remedy with respect to the Notes, the Company will pay, upon demand,
the amount that would otherwise have been due and payable had the exercise of
such rights and remedies been permissible.

 

If the
Company assigns its obligations under the Indenture to a Subsidiary that is
organized in a foreign jurisdiction, it will also agree that all payments made
by the Company pursuant to the Notes or its guarantee on the Notes will be made
without withholding or deduction for any foreign taxes or other foreign
governmental charges imposed with respect to payments on the Notes, unless such
withholding or deduction is required by law. If any such withholding or
deduction is made, the Company shall pay to each Holder of Notes the amount that
would otherwise have been due to that Holder in the absence of such withholding
or deduction, after any additional taxes or other charges payable in respect of
such Company payment (“Additional Amounts”), except that no such Additional
Amounts shall be payable:

 

4

(A)  to or for
a Holder who is liable for those foreign taxes or charges because of the
Holder’s connection with the relevant jurisdiction, whether as a citizen, a
resident or a national of the jurisdiction or because the Holder carries on a
business or maintains a permanent establishment there or is physically present
there;

 

(B)  to or for
a Holder who presents a Note required to be presented for payment more than 30
days after the date on which payment first becomes due, unless that Holder would
have been entitled to such Additional Amounts by presenting such security during
the 30 day period;

 

(C)  to or for
a Holder who presents a Note, where presentation is required, at any place other
than in The City of New York, unless the Company does not provide a place for
presentation within The City of New York; or

 

(D)  to or for
a Holder who is liable for the tax or charge because the Holder failed to take
appropriate and available steps to declare non-residence or request exemption
from the relevant tax authority.

 

No
Additional Amounts will be payable with respect to any Notes if the beneficial
owner would not have been entitled to such payment if that beneficial owner had
been a Holder;

 

	15.  	
      The
      Notes shall have such other terms and provisions as are provided in the
      form thereof set forth in Exhibit A hereto, and shall be issued in
      substantially such form;

 

	16.  	
      The
      undersigned has read all of the covenants and conditions contained in the
      Indenture, and the definitions in the Indenture relating thereto, relating
      to the issuance, authentication and delivery of the Notes and in respect
      of compliance with which this certificate is
made;

 

	17.  	
      The
      statements contained in this certificate are based upon the familiarity of
      the undersigned with the Indenture, the documents accompanying this
      certificate, and upon discussions by the undersigned with officers and
      employees of the Company familiar with the matters set forth
      herein;

 

	18.  	
      In
      the opinion of the undersigned, he has made such examination or
      investigation as is necessary to enable him to express an informed opinion
      as to whether or not such covenants and conditions have been complied
      with; and

 

	19.  	
      In
      the opinion of the undersigned, such conditions and covenants and
      conditions precedent provided for in the Indenture (including any
      covenants compliance with which constitutes a condition precedent)
      relating to the authentication and delivery of the Notes requested in the
      accompanying Company Order 1-D-1, have been complied
  with.

 

5

IN
WITNESS WHEREOF, I have executed this Officer’s Certificate this 26th day of
November, 2004.

 

 

__________________________________

Name:
Anthony Horton

Title:
Senior Vice President and Treasurer 

6

EXHIBIT
A

 

[FORM OF
FACE OF SERIES R SENIOR NOTE] 

 

[depository
legend]

 

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

 

 

[non-registration
legend]

 

“THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”). THE HOLDER HEREOF, BY PURCHASING THIS SECURITY AGREES
FOR THE BENEFIT OF TXU CORP. (THE “COMPANY”) THAT THIS SECURITY MAY NOT BE
RESOLD, PLEDGED OR OTHERWISE TRANSFERRED OTHER THAN (A) (1) TO THE COMPANY, (2)
IN A TRANSACTION ENTITLED TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144
UNDER THE SECURITIES ACT, (3) SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE
PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON WHOM
THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A
QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE RESALE, PLEDGE OR
OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A (AS INDICATED BY THE BOX
CHECKED BY THE TRANSFEROR ON THE CERTIFICATE OF TRANSFER ON THE REVERSE OF THIS
SECURITY), (4) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE
904 OF REGULATION S UNDER THE SECURITIES ACT (AS INDICATED BY THE BOX CHECKED BY
THE TRANSFEROR ON THE CERTIFICATE OF TRANSFER ON THE REVERSE OF THIS SECURITY),
(5) IN ACCORDANCE WITH ANOTHER APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL
ACCEPTABLE TO THE COMPANY) OR (6) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT AND (B) IN EACH CASE IN ACCORDANCE WITH ANY
APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF,
BY PURCHASING THIS SECURITY, REPRESENTS AND AGREES FOR THE BENEFIT OF THE
COMPANY THAT IT IS (1) A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF
RULE 144A OR (2) A NON-U.S. PERSON OUTSIDE THE UNITED STATES WITHIN THE MEANING
OF, OR AN ACCOUNT SATISFYING THE REQUIREMENTS OF PARAGRAPH (K)(2) OF RULE 902
UNDER, REGULATION S UNDER THE SECURITIES ACT.”

 

A-1

 

[registration
rights legend]

 

The
Holder of this Security, by acceptance hereof, will be deemed to have agreed to
be bound by the provisions of the Registration Rights Agreement dated November
26, 2004, among the Company and the initial purchasers of this
Security.

 

 

	
      No.
      R-

       
	
      Cusip
      No.__________

       

 

TXU
CORP.

 

6.55
% SERIES R SENIOR NOTES DUE NOVEMBER 15, 2034

 

TXU
CORP., a corporation duly organized and existing under the laws of the State of
Texas (herein referred to as the “Company”, which term includes any successor
Person under the Indenture), for value received, hereby promises to pay
to

 

or
registered assigns, the principal sum of ____________________ Dollars on
November 15, 2034, and to pay interest on said principal sum semi-annually on
May 15 and November 15 of each year commencing May 15, 2005 (each an Interest
Payment Date) at the rate of 6.55% per annum, until the principal hereof is paid
or made available for payment. Interest on the Securities of this series will
accrue from November 26, 2004, to the first Interest Payment Date, and
thereafter will accrue from the last Interest Payment Date to which interest has
been paid or duly provided for. In the event that any Interest Payment Date is
not a Business Day, then payment of 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 such delay) with the same force and effect as if
made on the Interest Payment Date. The interest so payable, and punctually paid
or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be the Business Day next preceding
such Interest Payment Date, so long as the Securities of this series remain in
book-entry form, otherwise the 15th calendar day next preceding such Interest
Payment Date, provided, however, that interest payable at Maturity will be paid
to the Person to whom principal is paid. Any such interest not so punctually
paid or duly provided for will 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 10 days prior to such Special Record Date, or be
paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities of this series
may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in the Indenture referred to on the reverse
hereof.

 

A-2

Payment
of the principal of and interest on this Security will be made upon presentation
at the office or agency of the Company maintained for that purpose in The City
of New York, the 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, interest
on this Security may be paid by check mailed to the address of the person
entitled thereto, as such address shall appear on the Security Register or by
wire transfer to an account designated by the person entitled thereto; and
provided further, that so long as the Securities of this series are registered
in the name of The Depository Trust Company or a nominee thereof, all payments
of principal and interest in respect of the Securities of this series will be
made in immediately available funds.

 

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. Any capitalized term which is used herein
and not otherwise defined shall have the meaning ascribed to such term in the
Indenture.

 

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.

 

A-3

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

 

TXU
Corp.

 

By:_______________________________________

 

[FORM
OF CERTIFICATE OF AUTHENTICATION]

 

CERTIFICATE
OF AUTHENTICATION

 

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

 

Dated:

 

THE BANK
OF NEW YORK, as Trustee

 

By:_______________________________________

Authorized
Signatory

A-4

[FORM
OF REVERSE OF SERIES R SENIOR NOTE]

 

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 an
Indenture (For Unsecured Debt Securities Series R), dated as of November 1, 2004
(herein, together with any amendments thereto, called the “Indenture”, which
term shall have the meaning assigned to it in such instrument), between the
Company and The Bank of New York, as Trustee (herein called the “Trustee”, which
term includes any successor trustee under the Indenture), and reference is
hereby made to the Indenture, including the Board Resolutions and Officer’s
Certificate filed with the Trustee on November 26, 2004 creating the series
designated on the face hereof, for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered.

 

Redemption

 

The
Securities of this series will be redeemable at the option of the Company prior
to the Stated Maturity (each a “Redemption Date”), in whole or in part, at any
time. The Company will give notice of its intent to redeem such Securities of
this series at least 30 days but no more than 60 days prior to the Redemption
Date. If the Company redeems all or any part of the Securities of this series,
it will pay a Redemption Price (the “Redemption Price”) equal to the greater of

 

(1) 100%
of the principal amount of the Securities of this series being redeemed, and

 

(2) the
sum of the present values of the remaining scheduled payments of principal and
interest (excluding any portion of any such interest accrued to the Redemption
Date) on the Securities of this series being redeemed, discounted to the
Redemption Date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate plus 35 basis points,

 

plus, in
each case, accrued interest on those Securities of this series to the Redemption
Date.

 

“Treasury
Rate” means, with respect to any Redemption Date, the rate per annum equal to
the semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.

 

“Comparable
Treasury Issue” means the U.S. Treasury security selected by the Reference
Treasury Dealer as having a maturity comparable to the remaining term of the
Securities of this series to be redeemed that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new
issues of corporate debt securities of comparable maturity to the remaining
terms of the Securities of this series to be redeemed. 

 

“Comparable
Treasury Price” means, with respect to any Redemption Date, (i) the average
of the bid and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) on the third Business Day
preceding such Redemption Date, as set forth in the H. 15 Daily Update of the
Federal Reserve Bank or (ii) if such release (or any successor release) is
not published or does not contain prices on such Business Day, the Reference
Treasury Dealer Quotations actually obtained by the Trustee for such Redemption
Date.

 

A-5

“H.15(519)”
means the weekly statistical release entitled “H.15 (519) Selected Interest
Rates”, or any successor publication, published by the Board of Governors of the
Federal Reserve System.

 

“H.15
Daily Update” means the daily update of H.15(519) available through the
worldwide website of the Board of Governors of the Federal Reserve System or any
successor site or publication.

 

“Reference
Treasury Dealer” means Citigroup Global Markets Inc., and its successors;
provided, however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in New York City (a “Primary Treasury Dealer”), the
Company shall substitute therefor another Primary Treasury Dealer.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Trustee, of
the bid and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the Trustee
by such Reference Treasury Dealer at 5:00 p.m. on the third Business Day
preceding such Redemption Date.

 

The
Company shall deliver to the Trustee before any Redemption Date for the
Securities of this series its calculation of the Redemption Price applicable to
such redemption. Except with respect to the obligations of the Trustee expressly
set forth in the foregoing definitions of “Comparable Treasury Issue” and
“Comparable Treasury Price,” the Trustee shall be under no duty to inquire into,
may presume the correctness of, and shall be fully protected in acting upon the
Company’s calculation of any Redemption Price of the Securities of this
series.

 

In lieu
of stating the Redemption Price, notices of redemption of the Securities of this
series shall state substantially the following: “The Redemption Price of the
Senior Notes to be redeemed shall equal the sum of (a) the greater of
(i) 100% of the principal amount of such Senior Notes, and (ii) the
sum of the present values of the remaining scheduled payments of principal and
interest (excluding any portion of any such interest accrued to the Redemption
Date) on the Securities of this series being redeemed, discounted to the
Redemption Date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate plus 35 basis points, plus accrued
interest on the principal amount hereof to the Redemption Date.”

 

If at the
time notice of redemption is given, the redemption moneys are not on deposit
with the Trustee, then the redemption shall be subject to their receipt on or
before the Redemption Date and such notice shall be of no effect unless such
moneys are received.

 

Upon
payment of the Redemption Price, on and after the Redemption Date interest will
cease to accrue on the Securities of this series or portions thereof called for
redemption.

 

The
Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Security upon compliance with certain conditions set forth
in the Indenture including the Officer’s Certificate described
above.

 

If an
Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the
Indenture.

 

A-6

The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the Company and
the rights of the Holders of the Securities of each series to be affected under
the Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority in principal amount of the Securities at the time
Outstanding of all series to be affected. The Indenture contains provisions
permitting the Holders of a majority in aggregate principal amount of the
Securities of all series then Outstanding to waive compliance by the Company
with certain provisions of the Indenture. The Indenture also contains provisions
permitting the 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.

 

As
provided in and subject to the provisions of the Indenture, the Holder of this
Security shall not have the right to institute any proceeding with respect to
the Indenture or for the appointment of a receiver or trustee or for any other
remedy thereunder, unless such Holder shall have previously given the Trustee
written notice of a continuing Event of Default with respect to the Securities
of this series, the Holders of a majority in aggregate principal amount of the
Securities of all series at the time Outstanding in respect of which an Event of
Default shall have occurred and be continuing shall have made written request to
the Trustee to institute proceedings in respect of such Event of Default as
Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not
have received from the Holders of a majority in aggregate principal amount of
Securities of all series at the time Outstanding in respect of which an Event of
Default shall have occurred and be continuing a direction inconsistent with such
request, and shall have failed to institute any such proceeding, for 60 days
after receipt of such notice, request and offer of indemnity. The foregoing
shall not apply to any suit instituted by the Holder of this Security for the
enforcement of any payment of principal hereof or any premium or interest hereon
on or after the respective due dates expressed herein.

 

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 any premium and interest on this
Security at the times, place and rate, and in the coin or currency, herein
prescribed.

 

The
Securities of this series are issuable only in registered form without coupons
in denominations of $1,000 and in integral multiples 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 this series and of like tenor and of authorized denominations, as requested
by the Holder surrendering the same.

 

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

 

The
Company shall not be required to execute and the Security Registrar shall not be
required to register the transfer of or exchange of (a) Securities of this
series during a period of 15 days immediately preceding the date notice is given
identifying the serial numbers of the Securities of this series called for
redemption or (b) any Security so selected for redemption in whole or in part,
except the unredeemed portion of any Security being redeemed in part. The
Company shall not be required to make transfers or exchanges of the Securities
of this series for a period of 15 days next preceding an Interest Payment
Date.

 

A-7

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 absolute 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.

 

Each
Holder shall be deemed to understand that the offer and sale of the Securities
of this series have not been registered under the Securities Act and that the
Securities of this series may not be offered or sold except as permitted in the
following sentence. Each Holder shall be deemed to agree, on its own behalf and
on behalf of any accounts for which it is acting as hereinafter stated, that if
such Holder sells any Securities of this series, such Holder will do so only (A)
to the Company, (B) to a person whom it reasonably believes is a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities Act
that purchases for its own account or for the account of a qualified
institutional buyer to whom notice is given that the resale, pledge or transfer
is being made in reliance on Rule 144A, (C) in an offshore transaction in
accordance with Rule 903 or Rule 904 of Regulation S under the Securities Act,
(D) pursuant to the exemption from registration provided by Rule 144 under the
Securities Act (if available), (E) in accordance with another applicable
exemption from the registration requirements of the Securities Act (and based
upon an Opinion of Counsel acceptable to the Company) or (F) pursuant to an
effective registration statement under the Securities Act, and each Holder is
further deemed to agree to provide to any person purchasing any of the
Securities of this series from it a notice advising such purchaser that resales
of the Securities of this series are restricted as stated herein.

 

Each
Holder shall be deemed to understand that, on any proposed resale of any
Securities of this series pursuant to the exemption from registration under Rule
144 under the Securities Act, any Holder making any such proposed resale will be
required to furnish to the Trustee and Company such certifications, legal
opinions and other information as the Trustee and Company may reasonably require
to confirm that the proposed sale complies with the foregoing
restrictions.

 

Unless an
Event of Default, or an event which, after notice or lapse of time or both,
would become an Event of Default, shall have occurred and be continuing, the
obligations of the Company under the Securities of this series and the Indenture
to the extent related to such series may be assigned by the Company to, and be
assumed in whole, on a full recourse basis, by a wholly owned Subsidiary of the
Company at any time; provided,
however, that
such assumption shall be subject to, and permitted only upon the fulfillment and
satisfaction of, the following terms and conditions: (a) an assumption
agreement and a supplemental indenture to the Indenture evidencing such
assumption shall be in substance and form reasonably satisfactory to the Trustee
and shall, inter alia, include
modifications and amendments to the Indenture making the obligations under the
Securities of this series and under the Indenture to the extent related to such
series primary obligations of such Subsidiary, substituting such Subsidiary of
the Company for the Company in the form of the Securities of this series and in
provisions of the Indenture to the extent related to this series and releasing
and discharging the Company from its obligations under the Securities of this
series and the Indenture to the extent related to this series; and (b) the
Trustee shall have received (i) an executed counterpart of such assumption
agreement and supplemental indenture; (ii) evidence satisfactory to the
Trustee and the Company that all necessary authorizations, consents, orders,
approvals, waivers, filings and declarations of or with, Federal, state, county,
municipal, regional or other governmental authorities, agencies or boards
(collectively, “Governmental Actions”) relating to such assumption have been
duly obtained and are in full force and effect, (iii) evidence satisfactory
to the Trustee that any security interest intended to be created by the
Indenture is not in any material way adversely affected or impaired by any of
the agreements or transactions relating to such assumption, (iv) an Opinion
of Counsel to the effect that the Holders of the Securities of this series, or
portions of the principal amount thereof, will not recognize income, gain or
loss for United States federal income tax purposes as a result of such
assignment and assumption and (v) an Opinion of Counsel for such
Subsidiary, reasonably satisfactory in substance, scope and form to the Trustee
and the Company, to the effect that (A) the supplemental indenture
evidencing such assumption has been duly authorized, executed and delivered by
such Subsidiary, (B) the execution and delivery by such Subsidiary of such
supplemental indenture and the consummation of the transactions contemplated
thereby do not contravene any provision of law or any governmental rule
applicable to such Subsidiary or any provision of such Subsidiary’s charter
documents or by-laws and do not contravene any provision of, or constitute a
default under, or result in the creation or imposition of any lien upon any of
such Subsidiary’s properties or assets under any indenture, mortgage, contract
or other agreement to which such Subsidiary is a party or by which such
Subsidiary or any of its properties may be bound or affected, (C) all
necessary Governmental Actions relating to such assumption have been duly
obtained and are in full force and effect and (D) such agreement and
supplemental indenture constitute the legal, valid and binding obligations of
such Subsidiary, enforceable in accordance with their respective terms, except
as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws at the time in effect affecting
the rights of creditors generally.

 

A-8

At the
time of such assumption the Company will issue an unconditional guarantee of the
Securities of this series which guarantee shall be in form and substance
satisfactory to the Trustee. Pursuant to the guarantee, the Company will remain
fully and unconditionally liable for the payment of the obligations of such
assuming Subsidiary under the Securities of this series and under the Indenture,
including, without limitation, payment, as and when due, of the principal of,
premium, if any, and interest on, the Securities of this series. Other than the
obligation to make payments of the principal of, premium, if any, and interest
on the Securities of this series and payments to the Trustee under Section 907
of the Indenture, the Company shall be released and discharged from all other
obligations under the Indenture.

 

All terms
used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture and in the Officer’s Certificate establishing
the terms of the Securities of this series.

 

A-9

[TO BE
ATTACHED TO GLOBAL NOTES]

 

SCHEDULE
OF INCREASES OR DECREASES IN GLOBAL NOTE

 

The
following increases or decreases in this Global Note have been
made:

 

	
      Date
      of Exchange

       
	
      Amount
      of decrease in Principal Amount of this Global Note

       
	
      Amount
      of increase in Principal Amount of this Global Note

       
	
      Principal
      Amount of this Global Note following such decrease or
increase

       
	
      Signature
      of authorized signatory of Corporate Trustee or Securities
      Custodian

       

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

A-10

[CERTIFICATE
OF TRANSFER]

 

 

6.55%
SERIES R SENIOR NOTE DUE NOVEMBER 15, 2034

 

 

FOR VALUE
RECEIVED, the undersigned sells, assigns and transfers unto

 

PLEASE
INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING
NUMBER OF ASSIGNEE

 

Name and
address of assignee must be printed or typewritten.

 

the
within Security of the Company and does hereby irrevocably constitute and
appoint                                                              

 

to
transfer the said Security on the books of the within-named Company, with full
power of substitution in the premises.

 

The
undersigned certifies that said Security is being resold, pledged or otherwise
transferred as follows: (check one)

 

	
      o
	
      to
      the Company;

 

	
      o
	
      to
      a Person whom the undersigned reasonably believes is a qualified
      institutional buyer within the meaning of Rule 144A under the Securities
      Act of 1933, as amended (the “Securities Act”) purchasing for its own
      account or for the account of a qualified institutional buyer to whom
      notice is given that the resale, pledge or other transfer is being made in
      reliance on Rule 144A;

 

	
      o
	
      in
      an offshore transaction in accordance with Rule 903 or Rule 904 of
      Regulation S under the Securities Act;

 

	
      o
	
      as
      otherwise permitted by the non-registration legend appearing on this
      Security; or

 

	
      o
	
      as
      otherwise agreed by the Company, confirmed in writing to the Trustee, as
      follows: [describe]

 

Dated:

 

 

A-11

EXHIBIT
B

 

 

[CERTIFICATE
OF TRANSFER]

 

 

TXU
CORP.

 

 

6.55%
SERIES R SENIOR NOTE DUE NOVEMBER 15, 2034

 

 

FOR VALUE
RECEIVED, the undersigned sells, assigns and transfers unto

 

PLEASE
INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING
NUMBER OF ASSIGNEE

 

Name and
address of assignee must be printed or typewritten.

 

$___________________________________________________________________________________________________

principal
amount of beneficial interest in the referenced Security of the Company and does
hereby irrevocably constitute and appoint

 

to
transfer the said beneficial interest in such Security, with full power of
substitution in the premises.

 

The
undersigned certifies that said beneficial interest in said Security is being
resold, pledged or otherwise transferred as follows: (check one)

 

	
      o
	
      to
      the Company;

 

	
      o
	
      to
      a Person whom the undersigned reasonably believes is a qualified
      institutional buyer within the meaning of Rule 144A under the Securities
      Act of 1933, as amended (the “Securities Act”) purchasing for its own
      account or for the account of a qualified institutional buyer to whom
      notice is given that the resale, pledge or other transfer is being made in
      reliance on Rule 144A;

 

	
      o
	
      in
      an offshore transaction in accordance with Rule 903 or Rule 904 of
      Regulation S under the Securities Act;

 

	
      o
	
      as
      otherwise permitted by the non-registration legend appearing on this
      Security; or

 

	
      o
	
      as
      otherwise agreed by the Company, confirmed in writing to the Trustee, as
      follows: [describe]

 

Dated:

 

All terms
used in this certificate which are defined in the Indenture pursuant to which
said Security was issued shall have the meanings assigned to them in the
Indenture.

 

A-12exhibit 4(t)

Exhibit
4(t)

 

REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (this “Agreement”), dated November 26, 2004, is
made between TXU Corp., a Texas corporation (the “Company”), and Citigroup
Global Markets Inc., as representative of the Initial Purchasers (as defined
herein).

 

This
Agreement is made pursuant to the Purchase Agreement, dated November 22, 2004,
(the “Purchase Agreement”), between the Company, as issuer, and the Initial
Purchasers, which provides for the sale by the Company to the Initial Purchasers
of $1,000,000,000 aggregate principal amount of the Company’s 4.80% Series O
Senior Notes due November 15, 2009 (the “Series O Notes”), $1,000,000,000
aggregate principal amount of the Company’s 5.55% Series P Senior Notes due
November 15, 2014 (the “Series P Notes”), $750,000,000 aggregate principal
amount of the Company’s 6.50% Series Q Senior Notes due November 15, 2024 (the
“Series Q Notes”) and $750,000,000 aggregate principal amount of the Company’s
6.55% Series R Senior Notes due November 15, 2034 (the “Series R Notes” and
together with the Series O Notes, the Series P Notes and the Series Q Notes, the
“Notes”). In order to induce the Initial Purchasers to enter into the Purchase
Agreement, the Company has agreed to provide to the Initial Purchasers and their
direct and indirect transferees the registration rights set forth in this
Agreement. The execution and delivery of this Agreement is a condition to the
closing under the Purchase Agreement.

 

In
consideration of the foregoing, the parties hereto agree as
follows:

 

1.  Definitions.

 

As used
in this Agreement, the following capitalized defined terms shall have the
following meanings:

 

“Additional
Interest” shall
have the meaning set forth in Section 2(e) hereof.

 

“Additional
Interest Rate” shall
have the meaning set forth in Section 2(e) hereof.

 

“Advice” shall
have the meaning set forth in the last paragraph of Section 3
hereof.

 

“Agreement” shall
have the meaning set forth in the preamble to this Agreement.

 

“Applicable
Holders” shall
have the meaning set forth in Section 7(c) hereof.

 

“Applicable
Period” shall
have the meaning set forth in Section 3(t)(A) hereof.

 

“AU
634” shall
have the meaning set forth in Section 3(m) hereof.

 

“Business
Day” shall
mean a day other than (i) a Saturday or a Sunday, (ii) a day on which banks in
New York, New York are authorized or obligated by law or executive order to
remain closed or (iii) a day on which the Trustee’s principal corporate trust
office is closed for business.

 

1

“Company” shall
have the meaning set forth in the preamble to this Agreement.

 

“Depositary” shall
mean The Depository Trust Company, or any other depositary appointed by the
Company; provided, however, that such depositary must have an address in the
Borough of Manhattan, in The City of New York.

 

“Effectiveness
Period” shall
have the meaning set forth in Section 2(b) hereof.

 

“Eligible
Holder” shall
have the meaning set forth in Section 2(a) hereof.

 

“Exchange
Act” shall
mean the Securities Exchange Act of 1934, as amended from time to
time.

 

“Exchange
Series O Notes” shall
mean the Company’s Exchange 4.80% Series O Senior Notes due November 15, 2004
containing terms identical to the Series O Notes (except that the Exchange
Series O Notes will not contain registration rights or terms with respect to
transfer restrictions under the Securities Act and will not provide for any
Additional Interest to be payable with respect thereto).

 

“Exchange
Series P Notes” shall
mean the Company’s Exchange 5.55%Series P Senior Notes due November 15, 2014
containing terms identical to the Series P Notes (except that the Exchange
Series P Notes will not contain registration rights or terms with respect to
transfer restrictions under the Securities Act and will not provide for any
Additional Interest to be payable with respect thereto).

 

“Exchange
Series Q Notes” shall
mean the Company’s Exchange 6.50% Series Q Senior Notes due November 15, 2024
containing terms identical to the Series Q Notes (except that the Exchange
Series Q Notes will not contain registration rights or terms with respect to
transfer restrictions under the Securities Act and will not provide for any
Additional Interest to be payable with respect thereto).

 

“Exchange
Series R Notes” shall
mean the Company’s Exchange 6.55% Series R Senior Notes due November 15, 2034
containing terms identical to the Series R Notes (except that the Exchange
Series R Notes will not contain registration rights or terms with respect to
transfer restrictions under the Securities Act and will not provide for any
Additional Interest to be payable with respect thereto).

 

“Exchange
Notes” shall
mean the Exchange Series O Notes, the Exchange Series P Notes, the Exchange
Series Q Notes and the Exchange Series R Notes.

 

“Exchange
Offer” shall
mean the offer by the Company to the Holders to exchange the Registrable
Securities for a like principal amount of Exchange Notes pursuant to Section
2(a) hereof.

 

2

“Exchange
Offer Registration” shall
mean a registration under the Securities Act effected pursuant to Section 2(a)
hereof.

 

“Exchange
Offer Registration Statement” shall
mean an exchange offer Registration Statement on Form S-4 under the Securities
Act (or, if applicable, on another appropriate form). 

 

“Exchange
Period” shall
have the meaning set forth in Section 2(a) hereof.

 

“Holders” shall
mean the Initial Purchasers, for so long as they own beneficial interests in any
Registrable Securities, and each of their respective successors, assigns and
direct and indirect transferees who become registered owners of Registrable
Securities under the Indenture.

 

“Indemnified
Party” shall
have the meaning set forth in Section 4(a) hereof.

 

“Indenture” shall
mean, collectively, the Indentures relating to each series of the Notes and the
Exchange Notes, with substantially similar terms, each dated as of November 1,
2004 between the Company, as issuer, and the Trustee, as the same may be amended
from time to time in accordance with the terms thereof.

 

“Initial
Purchasers” shall
mean Citigroup Global Markets Inc.; Merrill Lynch, Pierce, Fenner & Smith
Incorporated; Wachovia Capital Markets, LLC; ABN AMRO Incorporated; Calyon
Securities (USA) Inc.; and Commerzbank Capital Markets Corp.

 

“Inspectors” shall
have the meaning set forth in Section 3(n) hereof.

 

“Issue
Date” shall
mean the date of original issuance of the Notes.

 

“Majority
Holders” shall
mean the Holders of a majority of the aggregate principal amount of outstanding
Notes.

 

“NASD” shall
mean National Association of Securities Dealers, Inc.

 

“Notes” shall
have the meaning set forth in the preamble to this Agreement.

 

“Notice” shall
have the meaning set forth in Section 2(a)(i) hereof.

 

“Participating
Broker-Dealer” shall
have the meaning set forth in Section 3(t)(A) hereof.

 

“Person” shall
mean an individual, partnership, corporation, trust or unincorporated
organization, limited liability company, or a government or agency or political
subdivision thereof.

 

“Prospectus” shall
mean the prospectus included in a Registration Statement, including any
preliminary prospectus, and any such prospectus as amended or supplemented by
any prospectus supplement, including a prospectus supplement with respect to the
terms of the offering of any portion of the Registrable Securities covered by a
Shelf Registration Statement, and by all other amendments and supplements to a
prospectus, including post-effective amendments, and in each case including all
material incorporated by reference therein.

 

3

“Purchase
Agreement” shall
have the meaning set forth in the preamble to this Agreement.

 

“Records” shall
have the meaning set forth in Section 3(n) hereof.

 

“Registrable
Securities” shall
mean the Notes; provided, however, that Notes shall cease to be Registrable
Securities when (i) a Registration Statement with respect to the Notes shall
have been declared effective under the Securities Act and the Notes shall have
been disposed of pursuant to such Registration Statement, (ii) the Notes shall
have been sold to the public pursuant to Rule 144(k) (or any similar provision
then in force, but not Rule 144A) under the Securities Act, (iii) the Notes
shall have ceased to be outstanding, (iv) the Notes shall have been exchanged
for Exchange Notes upon consummation of the Exchange Offer and are thereafter
freely tradable by the holder thereof (other than an affiliate of the Company)
or (v) two years (or such shorter period as may hereafter be provided in Rule
144(k) under the Securities Act (or similar successor rule)) have elapsed since
the Issue Date.

 

“Registration
Default” shall
have the meaning set forth in Section 2(e) hereof.

 

“Registration
Expenses” shall
mean any and all expenses incident to the performance of or the compliance by
the Company with this Agreement, including, without limitation: (i) all SEC or
NASD registration and filing fees; (ii) all fees and expenses incurred in
connection with compliance with state securities or blue sky laws (including
reasonable fees and disbursements of counsel for any underwriters or Holders in
connection with blue sky qualification of any of the Exchange Notes or
Registrable Securities) and compliance with the rules of the NASD in an amount
not exceeding $15,000 in the aggregate, (iii) all expenses of any Persons in
preparing or assisting in preparing, word processing, printing and distributing
any Registration Statement, any Prospectus and any amendments or supplements
thereto, and in preparing or assisting in preparing, printing and distributing
any Registration Statement, any Prospectus and any amendments or supplements
thereto, and in preparing or assisting in preparing, printing and distributing
any underwriting agreements, securities sales agreements and other documents
relating to the performance of and compliance with this Agreement, (iv) all
rating agency fees, (v) the fees and disbursements of counsel for the Company,
of counsel for the Holders hereunder in connection with the Exchange Offer, and
of the independent registered public accounting firm of the Company, including
the expenses of any “cold comfort” letters required by or incident to such
performance and compliance, (vi) the fees and expenses of the Trustee, and any
paying agent, exchange agent or custodian, (vii) all fees and expenses incurred
in connection with the listing, if any, of any of the Registrable Securities or
the Exchange Notes on any national securities exchange or exchanges and (viii)
the reasonable fees and expenses of any special experts retained by the Company
in connection with any Registration Statement.

 

“Registration
Statement” shall
mean any registration statement of the Company under the Securities Act that
covers any of the Exchange Notes or Registrable Securities pursuant to the
provisions of this Agreement, and all amendments and supplements to any such
Registration Statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

 

4

“Rule
144(k) Period” shall
mean the period of two years (or such shorter period as may hereafter be
provided in Rule 144(k) under the Securities Act (or similar successor rule))
commencing on the Issue Date.

 

“SEC” shall
mean the United States Securities and Exchange Commission.

 

“Securities
Act” shall
mean the Securities Act of 1933, as amended from time to time.

 

“Series
O Notes” shall
have the meaning set forth in the preamble to this Agreement.

 

“Series
P Notes” shall
have the meaning set forth in the preamble to this Agreement.

 

“Series
Q Notes” shall
have the meaning set forth in the preamble to this Agreement.

 

“Series
R Notes” shall
have the meaning set forth in the preamble to this Agreement.

 

“Shelf
Registration” shall
mean a registration effected pursuant to Section 2(b) hereof.

 

“Shelf
Registration Statement” shall
mean a “shelf” Registration Statement of the Company pursuant to the provisions
of Section 2(b) hereof which covers all of the Registrable Securities, on an
appropriate form under Rule 415 under the Securities Act, or any similar rule
that may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

 

“TIA” shall
mean the Trust Indenture Act of 1939, as amended.

 

“Trustee” shall
mean The Bank of New York, and any successor thereto, as trustee under the
Indenture.

 

2.  Registration
Under the Securities Act.

 

(a)  Exchange
Offer.

 

To the
extent not prohibited by any applicable law or applicable interpretation of the
staff of the SEC, the Company shall, for the benefit of the Holders, at the
Company’s cost, (i) cause to be filed with the SEC an Exchange Offer
Registration Statement on an appropriate form under the Securities Act covering
the Exchange Offer, (ii) use its reasonable efforts to cause such Exchange Offer
Registration Statement to be declared effective under the Securities Act by the
SEC not later than the date that is 270 days after the Issue Date and (iii)
promptly offer the Exchange Notes in exchange for surrender of the Notes upon
the effectiveness of the Exchange Offer Registration Statement, and consummate
the Exchange Offer within 315 days after the Issue Date. Upon the effectiveness
of the Exchange Offer Registration Statement, the Company shall promptly
commence the Exchange Offer, it being understood that the objective of such
Exchange Offer is to enable each Holder electing to exchange Registrable
Securities for a like principal amount of Exchange Notes (assuming that such
Holder is not an affiliate of the Company within the meaning of Rule 405 under
the Securities Act and is not a broker-dealer tendering Registrable Securities
acquired directly from the Company for its own account, acquires the Exchange
Notes in the ordinary course of such Holder’s business and has no arrangements
or understandings with any Person to participate in the Exchange Offer for the
purpose of distributing the Exchange Notes) (any Holder meeting all such
requirements, hereinafter an “Eligible Holder”), and to transfer such Exchange
Notes from and after their receipt without any limitations or restrictions under
the Securities Act and under state securities or blue sky laws. 

 

5

In
connection with the Exchange Offer, the Company shall:

 

(i)  deliver
or mail to each Holder that is a registered owner of Registrable Securities a
copy of the Prospectus forming part of the Exchange Offer Registration
Statement, together with an appropriate letter of transmittal and related
documents (together, the “Notice”);

 

(ii)  use its
reasonable efforts to keep the Exchange Offer open for acceptance for a period
of not less than 30 days after the date Notice thereof is mailed to the Holders
(or longer if required by applicable law) (such period referred to herein as the
“Exchange Period”);

 

(iii)  utilize
the services of the Depositary for the Exchange Offer;

 

(iv)  permit
Holders to withdraw, at any time prior to the close of business, New York time,
on the last Business Day of the Exchange Period, any Notes tendered for exchange
by sending to the institution specified in the Notice, a telegram, telex,
facsimile transmission or letter, received before aforesaid time, setting forth
the name of such Holder, the principal amount of Notes delivered for exchange,
and a statement that such Holder is withdrawing his election to have such Notes
exchanged;

 

(v)  notify
each Holder by means of the Notice that any Note not tendered by such Holder in
the Exchange Offer will remain outstanding and continue to accrue interest, but
will not retain any rights under this Agreement (except in the case of the
Initial Purchasers and Participating Broker-Dealers as provided herein);
and

 

(vi)  otherwise
comply in all respects with all applicable laws relating to the Exchange
Offer.

 

As soon
as practicable after the close of the Exchange Offer, the Company
shall:

 

a)  accept
for exchange all Notes or portions thereof tendered and not validly withdrawn
pursuant to the Exchange Offer;

 

b)  deliver,
or cause to be delivered, to the Trustee for cancellation all Notes or portions
thereof so accepted for exchange by the Company; and

 

c)  issue,
and cause the Trustee to promptly authenticate and deliver to the Depositary (or
if, the Exchange Notes are in certificated form, each Holder), Exchange Notes
equal in principal amount to the principal amount of the Notes surrendered by
such Holder.

 

6

Interest
on each Exchange Note issued pursuant to the Registered Exchange Offer will
accrue from the last date on which interest was paid on the Note surrendered in
exchange therefor or, if no interest has been paid on such Note, from the Issue
Date. To the extent not prohibited by any law or applicable interpretation of
the staff of the SEC, the Company shall use its reasonable efforts to complete
the Exchange Offer as provided above. The Exchange Offer shall not be subject to
any conditions, other than that the Exchange Offer does not violate applicable
law or any applicable interpretation of the staff of the SEC and that each
Holder tendering Notes for exchange shall be an Eligible Holder. Each Holder of
Registrable Securities who wishes to exchange such Registrable Securities for
Exchange Notes in the Exchange Offer will be required to make certain customary
representations in connection therewith, including representations that (i) it
is not an affiliate of the Company, (ii) the Exchange Notes to be received by it
were acquired in the ordinary course of its business and (iii) at the time of
the Exchange Offer, it has no arrangement with any person to participate in the
distribution (within the meaning of the Securities Act) of the Exchange Notes.
Each Holder hereby acknowledges and agrees that any Participating Broker-Dealer
and any such Holder using the Exchange Offer to participate in a distribution of
the Exchange Notes: (1) could not under SEC policy as in effect on the date of
this Agreement rely on the position of the SEC enunciated in Morgan Stanley and
Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation
(available May 13, 1988), as interpreted in the SEC’s letter to Shearman &
Sterling dated July 2, 1993, and similar no-action letters (including any
no-action letter obtained based on the representations in clause (i) above), and
(2) must comply with the registration and prospectus delivery requirements of
the Securities Act in connection with the secondary resale transaction and that
such a secondary resale transaction should be covered by an effective
registration statement containing the selling security holder information
required by Items 507 and 508, as applicable, of Regulation S-K, the SEC
standard instructions for filing forms under the Securities Act, if the resales
are of Exchange Notes obtained by such Holder in exchange for Notes acquired by
such Holder directly from the Company.

 

Upon
consummation of an Exchange Offer in accordance with this Section 2(a): (i)
any Eligible Holder that failed to participate in such Exchange Offer shall not
be entitled to include any of its Registrable Securities in any Shelf
Registration Statement pursuant to this Agreement; (ii) the provisions of this
Agreement shall continue to apply, mutatis mutandis, with respect to Exchange
Notes held by Participating Broker-Dealers; and (iii) the Company shall have no
further obligation to register any Registrable Securities pursuant to Section
2(b) of this Agreement (other than pursuant to Sections 2(b)(iii) and
(iv)).

 

(b)  Shelf
Registration.

 

In the
event that (i) the Company is not permitted to effect the Exchange Offer because
of any change in law or in applicable interpretations of the staff of the SEC,
(ii) for any other reason the Exchange Offer is not consummated on or prior to
315 days after the Issue Date, (iii) any Initial Purchaser so requests with
respect to Notes not eligible to be exchanged for Exchange Notes in the Exchange
Offer, (iv) any Holder (other than a Participating Broker-Dealer) is not
permitted by applicable law or interpretations of the staff of the SEC to
participate in the Exchange Offer or, in the case of any Holder (other than a
Participating Broker-Dealer) that participates in the Exchange Offer, such
Holder does not receive freely tradeable Exchange Notes on the date of the
exchange and any such Holder so requests, or (v) the Company so elects, the
Company shall, for the benefit of the Holders, promptly deliver to the Holders
and the Trustee written notice thereof and, at its cost, use its reasonable
efforts to have a Shelf Registration Statement covering continuous resales of
the Notes or the Exchange Notes, as the case may be, declared effective by the
SEC within the later of (i) 180 days after being required or requested to file a
Shelf Registration Statement and (ii) 270 days after the Issue Date. No Holder
of Registrable Securities shall be entitled to include any of its Registrable
Securities in any Shelf Registration Statement pursuant to this Agreement unless
and until such Holder agrees in writing to be bound by all of the provisions of
this Agreement applicable to such Holder and furnishes to the Company in
writing, within 15 days after receipt of a request therefor, such information as
the Company may, after conferring with counsel with regard to information
relating to Holders that would be required by the SEC to be included in such
Shelf Registration Statement or Prospectus included therein, reasonably request
for inclusion in any Shelf Registration Statement or Prospectus included
therein. Each Holder as to which any Shelf Registration is being effected agrees
promptly to furnish to the Company all information with respect to such Holder
necessary to make the information previously furnished to the Company by such
Holder not materially misleading.

 

7

The
Company agrees to use its reasonable efforts to keep the Shelf Registration
Statement continuously effective for the Rule 144(k) Period (subject to
extension pursuant to the last paragraph of Section 3 hereof) or for such
shorter period which will terminate when all of the securities covered by the
Shelf Registration Statement have been sold pursuant to the Shelf Registration
Statement or cease to be Registrable Securities (the “Effectiveness Period”).
The Company shall not permit any securities other than Registrable Securities to
be included in the Shelf Registration. The Company will, in the event a Shelf
Registration Statement is declared effective, provide to each Holder a
reasonable number of copies of the Prospectus which is a part of the Shelf
Registration Statement and notify each such Holder when the Shelf Registration
has become effective. The Company further agrees, if necessary, to supplement or
amend the Shelf Registration Statement, if required by the rules, regulations or
instructions applicable to the registration form used by the Company for such
Shelf Registration Statement or by the Securities Act or by any other rules and
regulations thereunder for shelf registrations, and the Company agrees to
furnish to the Holders of Registrable Securities copies of any such supplement
or amendment promptly after its being used or filed with the SEC.

 

(c)  Expenses.

 

The
Company shall pay all Registration Expenses in connection with the registration
pursuant to Section 2(a) or 2(b) hereof. Except as provided herein, each Holder
shall pay all expenses of its counsel, underwriting discounts and commissions
and transfer taxes, if any, relating to the sale or disposition of such Holder’s
Registrable Securities pursuant to the Shelf Registration
Statement.

 

(d)  Effective
Registration Statement.

 

An
Exchange Offer Registration Statement pursuant to Section 2(a) hereof or a Shelf
Registration Statement pursuant to Section 2(b) hereof (or a combination of the
two) will not be deemed to have become effective unless it has been declared
effective by the SEC; provided, however, that if, after it has been declared
effective, the offering of Registrable Securities pursuant to a Shelf
Registration Statement is interfered with by any stop order, injunction or other
order or requirement of the SEC or any other governmental agency or court, such
Registration Statement will be deemed not to have been effective during the
period of such interference, until the offering of Registrable Securities
pursuant to such Registration Statement may legally resume. The Company will be
deemed not to have used its reasonable efforts to cause the Exchange Offer
Registration Statement or the Shelf Registration Statement, as the case may be,
to become, or to remain, effective during the requisite period if it voluntarily
takes any action, or omits to take any action, which action or omission would
result in any such Registration Statement not being declared effective or in the
Holders of Registrable Securities covered thereby not being able to exchange or
offer and sell such Registrable Securities during that period unless such action
or omission is required by applicable law.

 

8

(e)  Additional
Interest.

 

The
Company will pay additional interest (“Additional Interest”) on the Notes
if:

 

(i)  the
Exchange Offer Registration Statement (or, if a change in law or in applicable
interpretations of the staff of the SEC does not permit the Company to effect an
Exchange Offer, the Shelf Registration Statement) is not declared effective by
the SEC within 270 days after the Issue Date; or

 

(ii)  the
Exchange Offer is not consummated within 315 days after the Issue Date (unless
the Company is not permitted to effect an Exchange Offer as specified in clause
(i) above); or

 

(iii)  the Shelf
Registration Statement (except as specified in clause (i)) is not declared
effective by the SEC within the later of (x) 180 days after being requested to
file a Shelf Registration Statement and (y) 270 days after the Issue Date;
or

 

(iv)  (A) after
the Exchange Offer Registration Statement is declared effective, such
Registration Statement thereafter ceases to be effective at any time during the
Exchange Period or the Applicable Period, as the case may be, or (B) after the
Shelf Registration Statement has been declared effective, such Registration
Statement ceases to be effective or usable in connection with resales of Notes
at any time prior to the expiration of the Rule 144(k) Period (other than after
such time as all Notes have been disposed of thereunder or otherwise cease to be
Registrable Securities) (each such event specified in (i) - (iv) of this Section
2(e), a “Registration Default”).

 

Additional
Interest will accrue on the Notes and the Exchange Notes, as the case may be,
from and including the date on which any such Registration Default shall occur
to but excluding the date on which all such Registration Defaults have been
cured, or if earlier, the date on which all the Notes may first be resold in
reliance on Rule 144(k) under the Securities Act, at the rate of 0.25% per annum
(“Additional Interest Rate”); provided, however, that the Additional Interest
Rate may not exceed in the aggregate 0.25% per annum. 

 

Any
amounts of Additional Interest due pursuant to this Section 2(e) will be payable
in cash on the relevant payment dates for the payment of interest on the Notes
pursuant to the Indenture.

 

9

(f)  Specific
Enforcement.

 

Without
limiting the remedies available to the Holders, the Company acknowledges that
any failure of the Company to comply with its obligations under Section 2(a) and
Section 2(b) hereof may result in material irreparable injury to the Holders for
which there is no adequate remedy at law, that it would not be possible to
measure damages for such injuries precisely and that, in the event of any such
failure, any Holder may obtain such relief as may be required to specifically
enforce the obligations of the Company under Section 2(a) and Section 2(b)
hereof.

 

3.  Registration
Procedures.

 

In
connection with the obligations of the Company with respect to the Registration
Statements pursuant to Sections 2(a) and 2(b) hereof, the Company
shall:

 

(a)  prepare
and file with the SEC a Registration Statement or Registration Statements as
prescribed by Sections 2(a) and 2(b) hereof within the relevant time period
specified and on the appropriate form(s) under the Securities Act, which form(s)
(i) shall be selected by the Company, (ii) shall, in the case of a Shelf
Registration, be available for the sale of the Registrable Securities by the
selling Holders thereof and (iii) shall comply as to form in all material
respects with the requirements of the applicable form and include or incorporate
by reference all financial statements required by the SEC to be filed therewith
or incorporated by reference therein; and use its reasonable efforts to cause
such Registration Statement(s) to become effective and remain effective in
accordance with Section 2 hereof; provided, however, that if (1) such filing is
pursuant to Section 2(b), or (2) a Prospectus contained in an Exchange Offer
Registration Statement filed pursuant to Section 2(a) is required to be
delivered under the Securities Act by any Participating Broker-Dealer who seeks
to sell Exchange Notes, before filing any Registration Statement or Prospectus
or any amendments or supplements thereto, the Company shall furnish to and
afford the Holders of the Registrable Securities and each such Participating
Broker-Dealer, as the case may be, covered by such Registration Statement, their
counsel and the managing underwriters, if any, a reasonable opportunity to
review copies of all such documents (including copies of any documents to be
incorporated by reference therein and all exhibits thereto) proposed to be
filed. The Company shall not file any Registration Statement or Prospectus or
any amendments or supplements thereto in respect of which the Holders must be
afforded an opportunity to review prior to the filing of such document if the
Majority Holders or such Participating Broker-Dealer, as the case may be, their
counsel or the managing underwriters, if any, shall reasonably
object;

 

(b)  prepare
and file with the SEC such amendments and post-effective amendments to each
Registration Statement as may be necessary to keep such Registration Statement
effective for the Effectiveness Period or the Applicable Period, as the case may
be, and cause each Prospectus to be supplemented, if so determined by the
Company or requested by the SEC, by any required prospectus supplement and as so
supplemented to be filed pursuant to Rule 424 (or any similar provision then in
force) under the Securities Act, and comply with the provisions of the
Securities Act, the Exchange Act and the rules and regulations promulgated
thereunder applicable to it with respect to the disposition of all securities
covered by each Registration Statement during the Effectiveness Period or the
Applicable Period, as the case may be, in accordance with the intended method or
methods of distribution reasonably requested by the selling Holders thereof
described in this Agreement (including sales by any Participating
Broker-Dealer);

 

10

(c)  in the
case of a Shelf Registration, (i) notify each Holder of Registrable Securities
included in the Shelf Registration Statement, at least three Business Days prior
to filing, that a Shelf Registration Statement with respect to the Registrable
Securities is being filed and advise such Holder that the distribution of
Registrable Securities will be made in accordance with the method reasonably
requested by the Majority Holders, (ii) furnish to each Holder of Registrable
Securities included in the Shelf Registration Statement and to each underwriter
of an underwritten offering of Registrable Securities, if any, without charge,
as many copies of each Prospectus, including each preliminary prospectus, and
any amendment or supplement thereto and such other documents as such Holder or
underwriter may reasonably request, including all financial statements and
schedules (without documents incorporated therein by reference or all exhibits
thereto, unless requested), in order to facilitate the public sale or other
disposition of the Registrable Securities, (iii) consent to the use of the
Prospectus or any amendment or supplement thereto by each of the selling Holders
of Registrable Securities included in the Shelf Registration Statement in
connection with the offering and sale of the Registrable Securities covered by
the Prospectus or any amendment or supplement thereto and (iv) furnish to each
Holder of Registrable Securities either a summary of the terms of this Agreement
or a copy of this Agreement;

 

(d)  in the
case of a Shelf Registration, use its reasonable efforts to register or qualify
the Registrable Securities under all applicable state securities or “blue sky”
laws of such jurisdictions by the time the applicable Registration Statement is
declared effective by the SEC as any Holder of Registrable Securities covered by
a Registration Statement and each underwriter of an underwritten offering of
Registrable Securities shall reasonably request in writing in advance of such
date of effectiveness; provided, however, that the Company shall not be required
to (i) qualify as a foreign corporation or as a dealer in securities in any
jurisdiction where it would not otherwise be required to qualify but for this
Section 3(d), (ii) file any general consent to service of process in any
jurisdiction where it would not otherwise be subject to such service of process
or (iii) file annual reports or comply with any other requirements deemed in its
reasonable judgment to be unduly burdensome;

 

(e)  in the
case of (1) a Shelf Registration or (2) Participating Broker-Dealers from whom
the Company has received prior written notice that they will be utilizing the
Prospectus contained in the Exchange Offer Registration Statement as provided in
Section 3(t) hereof, are seeking to sell Exchange Notes and are required to
deliver Prospectuses, promptly notify each Holder of Registrable Securities, or
each such Participating Broker-Dealer, as the case may be, their counsel and the
managing underwriters, if any, and, if requested by such Holder, promptly
confirm such notice in writing (i) when a Registration Statement has become
effective and when any post-effective amendments and supplements thereto become
effective, (ii) of any request by the SEC or any state securities authority for
post-effective amendments and supplements to a Registration Statement or
Prospectus or for additional information after the Registration Statement has
become effective, (iii) of the issuance by the SEC or any state securities
authority of any stop order suspending the effectiveness of a Registration
Statement or the qualification of the Registrable Securities or the Exchange
Notes to be offered or sold by any Participating Broker-Dealer in any
jurisdiction described in paragraph 3(d) hereof or the initiation of any
proceedings for that purpose, (iv) in the case of a Shelf Registration, if,
between the effective date of a Registration Statement and the closing of any
sale of Registrable Securities covered thereby, the representations and
warranties of the Company contained in any purchase agreement, securities sales
agreement or other similar agreement, if any, relating to the offering cease to
be true and correct in all material respects, (v) of the happening of any event
or the failure of any event to occur or the discovery of any facts or otherwise,
during the Effectiveness Period which makes any statement made in such
Registration Statement or the related Prospectus untrue in any material respect
or which causes such Registration Statement or Prospectus to omit to state a
material fact necessary in order to make the statements therein (in the case of
the Prospectus, in the light of the circumstances under which they were made)
not misleading and (vi) when the Company reasonably determines that a
post-effective amendment to the Registration Statement would be
appropriate;

 

11

(f)  make
every reasonable effort to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement as soon as practicable;

 

(g)  in the
case of a Shelf Registration, furnish to each Holder of Registrable Securities
included within the coverage of such Shelf Registration Statement, without
charge, at least one conformed copy of each Registration Statement relating to
such Shelf Registration and any post-effective amendment thereto, including all
financial statements and schedules (without documents incorporated therein by
reference or all exhibits thereto, unless requested);

 

(h)  in the
case of a Shelf Registration, cooperate with the selling Holders of Registrable
Securities to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold and not bearing any restrictive
legends, to the extent not held by the Depositary through Cede & Co., and in
such denominations (consistent with the provisions of the Indenture) and
registered in such names as the selling Holders or the underwriters, if any, may
reasonably request at least two Business Days prior to the closing of any sale
of Registrable Securities pursuant to such Shelf Registration
Statement;

 

(i)  in the
case of a Shelf Registration or an Exchange Offer Registration, upon the
occurrence of any circumstance contemplated by Section 3(e)(ii), 3(e)(iv),
3(e)(v) or 3(e)(vi) hereof, as promptly as practicable after the occurrence of
any such circumstance, use its reasonable efforts to prepare and file a
supplement or post-effective amendment to a Registration Statement or the
related Prospectus or any document incorporated therein by reference or file any
other required document so that, as thereafter delivered to the purchasers of
the Registrable Securities, such Prospectus will not contain at the time of such
delivery any untrue statement of a material fact or omit to state a material
fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading and notify each Holder to suspend use
of the Prospectus as promptly as practicable after the occurrence of such an
event, and each Holder hereby agrees to suspend use of the Prospectus until the
Company has amended or supplemented the Prospectus to correct such misstatement
or omission;

 

(j)  in the
case of a Shelf Registration, a reasonable time prior to the filing of any
document which is to be incorporated by reference into a Registration Statement
or a Prospectus after the initial filing of a Registration Statement, provide a
reasonable number of copies of such document to the Holders and make such of the
representatives of the Company as shall be reasonably requested by the Holders
of Registrable Securities or the Initial Purchasers on behalf of such Holders
available for reasonable discussion of such document;

 

12

(k)  obtain a
CUSIP number for the Exchange Notes, no later than the effective date of a
Registration Statement, and provide the Trustee with printed certificates for
the Exchange Notes or the Registrable Securities, as the case may be, in a form
eligible for deposit with the Depositary;

 

(l)  use its
reasonable efforts to cause the Indenture, if required by the TIA, to be
qualified under the TIA in connection with the registration of the Exchange
Notes or Registrable Securities, as the case may be, and effect such changes to
such documents as may be required for them to be so qualified in accordance with
the terms of the TIA and execute, and use its reasonable efforts to cause the
Trustee to execute, all documents as may be required to effect such changes, and
all other forms and documents required to be filed with the SEC to enable such
documents to be so qualified in a timely manner;

 

(m)  in the
case of a Shelf Registration, enter into such agreements (including underwriting
agreements) as are customary in underwritten offerings and consistent with the
terms of the Purchase Agreement and take all such other appropriate actions as
are reasonably requested in order to expedite or facilitate the registration or
the disposition of such Registrable Securities, and in such connection, whether
or not an underwriting agreement is entered into and whether or not the
registration is with respect to an underwritten offering, if requested by (x)
any Initial Purchaser, in the case where such Initial Purchaser holds
Registrable Securities acquired by such Initial Purchaser as part of the Initial
Purchasers’ initial distribution and (y) other Holders of Notes covered thereby:
(i) make such representations and warranties to Holders of such Registrable
Securities and the underwriters (if any), with respect to the business of the
Company and its subsidiaries as then conducted and the Registration Statement,
Prospectus and documents, if any, incorporated or deemed to be incorporated by
reference therein, in each case, as are customarily made by issuers to
underwriters in underwritten offerings, and confirm the same if and when
requested; (ii) obtain opinions of counsel to the Company and updates thereof
(which may be in the form of a reliance letter) in form and substance reasonably
satisfactory to the managing underwriters (if any) and the Holders of a majority
in principal amount of the Registrable Securities being sold, addressed to each
selling Holder and the underwriters (if any) covering the matters customarily
covered in opinions requested in underwritten offerings and such other matters
as may be reasonably requested by such underwriters (it being agreed that the
matters to be covered by such opinions may be subject to customary
qualifications and exceptions); (iii) obtain “cold comfort” letters and updates
thereof in form and substance reasonably satisfactory to the managing
underwriters (if any) from the independent registered public accounting firm of
the Company (and, if necessary, any other independent registered public
accounting firm of any subsidiary of the Company or of any business acquired by
the Company for which financial statements and financial data are, or are
required to be, included in the Registration Statement), addressed to each of
such underwriters, such letters to be in customary form and covering matters of
the type customarily covered in “cold comfort” letters in connection with
underwritten offerings and such other matters as reasonably requested by such
underwriters in accordance with PCAOB Interim Standard AU 634, Letters for
Underwriters and Certain Other Parties (“AU 634”), and (iv) if an underwriting
agreement is entered into, the same shall contain indemnification provisions and
procedures no less favorable than those set forth in Section 4 hereof (or such
other provisions and procedures acceptable to Holders of a majority in aggregate
principal amount of Registrable Securities covered by such Registration
Statement and the managing underwriters or agents) with respect to all parties
to be indemnified pursuant to said Section (including, without limitation, such
underwriters and selling Holders). The above shall be done at each closing under
such underwriting agreement or, as and to the extent required thereunder and as
consistent with the terms of, the Purchase Agreement;

 

13

(n)  if (1) a
Shelf Registration is filed pursuant to Section 2(b) hereof or (2) a Prospectus
contained in an Exchange Offer Registration Statement filed pursuant to Section
2(a) is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
make reasonably available for inspection by any selling Holder of such
Registrable Securities being sold, or each such Participating Broker-Dealer, as
the case may be, any underwriter participating in any such disposition of
Registrable Securities, if any, and any attorney, accountant or other agent
retained by any such selling Holder or each such Participating Broker-Dealer, as
the case may be, or underwriter (collectively, the “Inspectors”), at the offices
where normally kept, during reasonable business hours, all financial and other
records, pertinent corporate documents and properties of the Company and its
subsidiaries (collectively, the “Records”) as shall be reasonably necessary to
enable the Inspectors to exercise any applicable due diligence responsibilities,
and cause the managers, officers, directors and employees of the Company and its
subsidiaries to supply all relevant information in each case reasonably
requested by any such Inspector in connection with such Registration Statement;
provided, however, that the foregoing inspection and information gathering shall
be coordinated on behalf of all such parties by the Company-designated Holders’
counsel, at the expense of such parties as described in Section 2(c) hereof.
Records of the Company and its subsidiaries, which the Company determines, in
good faith, to be confidential and any records which it notifies the Inspectors
are confidential shall not be disclosed by the Inspectors unless (i) the
disclosure of such Records is necessary to avoid or correct a material
misstatement or omission in such Registration Statement, provided that the
Company shall be consulted prior to any such disclosure, (ii) the release of
such Records is ordered pursuant to a subpoena or other order from a court of
competent jurisdiction, is required by any applicable law, rule or regulation,
or is necessary in connection with any action, suit or proceeding or (iii) the
information in such Records has been made available to the public. Each selling
Holder of such Registrable Securities and each such Participating Broker-Dealer
will be required to agree in writing that information obtained by it or any
Inspector retained by it as a result of such inspections shall be deemed
confidential and shall not be used by it or any Inspector retained by it as the
basis for any market transactions in the securities of the Company unless and
until such is made generally available to the public. Each selling Holder of
such Registrable Securities and each such Participating Broker-Dealer will be
required to further agree in writing that it will, upon learning that disclosure
of such Records is sought in a court of competent jurisdiction, give notice to
the Company and allow the Company at its expense to undertake appropriate action
to prevent disclosure of the Records deemed confidential;

 

(o)  comply
with all applicable rules and regulations of the SEC so long as any provision of
this Agreement shall be applicable and make generally available to its security
holders an earning statement satisfying the provisions of Section 11(a) of the
Securities Act and Rule 158 thereunder (or any similar rule promulgated under
the Securities Act) no later than 60 days after the end of any 12-month period
(or 120 days after the end of any 12-month period if such period is a fiscal
year) (i) commencing at the end of any fiscal quarter in which Registrable
Securities are sold to underwriters in a firm commitment or best efforts
underwritten offering and (ii) if not sold to underwriters in such an offering,
commencing on the first day of the first fiscal quarter of the Company after the
effective date of a Registration Statement, which statement shall cover said
12-month periods;

 

(p)  upon
consummation of an Exchange Offer, if requested by the Trustee, obtain an
opinion of counsel to the Company addressed to the Trustee for the benefit of
all Holders of Registrable Securities participating in the Exchange Offer and
which includes an opinion that (i) the Company has duly authorized, executed and
delivered the Exchange Notes, (ii) each of the Exchange Notes constitutes a
legal, valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms (with customary exceptions) and (iii) the
Indenture has been duly qualified under the TIA, or no such qualification is
required by the TIA;

 

(q)  if an
Exchange Offer is to be consummated, upon delivery of the Registrable Securities
by Holders to the Company (or to such other Person as directed by the Company ),
in exchange for the Exchange Notes, mark, or cause to be marked, on such
Registrable Securities delivered by such Holders that such Registrable
Securities are being canceled in exchange for the Exchange Notes, and in no
event shall such Registrable Securities be marked as paid or otherwise
satisfied;

 

(r)  cooperate
with each seller of Registrable Securities covered by any Registration Statement
and each underwriter, if any, participating in the disposition of such
Registrable Securities covered by a Registration Statement contemplated
hereby;

 

(s)  use its
reasonable efforts to take all other steps necessary to effect the registration
of the Registrable Securities covered by a Registration Statement contemplated
hereby;

 

14

(t)  (A) in
the case of the Exchange Offer Registration Statement (i) (a) indicate in a
“Plan of Distribution” section contained in the Prospectus contained in the
Exchange Offer Registration Statement that any broker or dealer registered under
the Exchange Act who holds Notes that are Registrable Securities and that were
acquired for its own account as a result of market-making activities or other
trading activities (other than Registrable Securities acquired directly from the
Company) (such broker or dealer, a “Participating Broker-Dealer”), may exchange
such Notes pursuant to the Exchange Offer; however, such Participating
Broker-Dealer may be deemed to be an “underwriter” within the meaning of the
Securities Act and must, therefore, deliver a prospectus meeting the
requirements of the Securities Act in connection with any resales of the
Exchange Notes received by such Participating Broker-Dealer in the Exchange
Offer, which prospectus delivery requirement may be satisfied by the delivery by
such Participating Broker-Dealer of the Prospectus contained in the Exchange
Offer Registration Statement and (b) include in such “Plan of Distribution”
section all other information with respect to such resales by Participating
Broker-Dealers that the SEC may require in order to permit such resales pursuant
thereto, but such “Plan of Distribution” shall not name any such Participating
Broker-Dealer or disclose the amount of Exchange Notes held by any such
Participating Broker-Dealer except to the extent required by the SEC as a result
of a change in policy announced after the date of this Agreement, (ii) furnish
to each Participating Broker-Dealer who has delivered to the Company the notice
referred to in Section 3(e), without charge, as many copies of the Prospectus
included in the Exchange Offer Registration Statement, including any preliminary
prospectus, and any amendment or supplement thereto, as such Participating
Broker-Dealer may reasonably request (the Company hereby consents to the use of
the Prospectus forming part of the Exchange Offer Registration Statement or any
amendment or supplement thereto by any Person subject to the prospectus delivery
requirements of the Securities Act, including all Participating Broker-Dealers,
in connection with the sale or transfer of the Exchange Notes covered by the
Prospectus or any amendment or supplement thereto), (iii) use its reasonable
efforts to keep the Exchange Offer Registration Statement effective and to amend
and supplement the Prospectus contained therein in order to permit such
Prospectus to be lawfully delivered by all Persons subject to the prospectus
delivery requirements of the Securities Act for such period of time as such
Persons must comply with such requirements under the Securities Act and
applicable rules and regulations in order to resell the Exchange Notes;
provided, however, that such period shall not be required to exceed 90 days (or
such longer period if extended pursuant to the last sentence of Section 3
hereof) (the “Applicable Period”) and (iv) include in the related letter of
transmittal or similar documentation to be executed by an exchange offeree in
order to participate in the Exchange Offer (x) the following
provision:

 

“If the
exchange offeree is a broker-dealer holding Registrable Securities acquired for
its own account as a result of market-making activities or other trading
activities, it will deliver a prospectus meeting the requirements of the
Securities Act in connection with any resale of Exchange Notes received in
respect of such Registrable Securities pursuant to the Exchange
Offer,”

 

and (y) a
statement to the effect that by a Participating Broker-Dealer making the
acknowledgement described in clause (x) and by delivering a Prospectus in
connection with the exchange of Registrable Securities, the Participating
Broker-Dealer will not be deemed to admit that it is an underwriter within the
meaning of the Securities Act; and

 

(B) in the
case of any Exchange Offer Registration Statement, deliver to the Initial
Purchasers or to another representative of the Participating Broker-Dealers, if
requested by the Initial Purchasers or such other representative of the
Participating Broker-Dealers, on behalf of the Participating Broker-Dealers upon
consummation of the Exchange Offer (i) an opinion of counsel in form and
substance reasonably satisfactory to the Initial Purchasers or such other
representative of the Participating Broker-Dealers, covering the matters
customarily covered in opinions requested in connection with Exchange Offer
Registration Statements and such other matters as may be reasonably requested
(it being agreed that the matters to be covered by such opinion may be subject
to customary qualifications and exceptions), (ii) an officer’s certificate
containing certifications substantially similar to those set forth in the
certificate delivered pursuant to Section 8(c) of the Purchase Agreement and
such additional certifications as are customarily delivered in a public offering
of debt securities and (iii) as well as upon the effectiveness of the Exchange
Offer Registration Statement, a comfort letter, in each case, in customary form
as permitted by AU 634. Each of the foregoing shall be consistent with the terms
of the Purchase Agreement.

 

The
Company may require each seller of Registrable Securities as to which any
registration is being effected to furnish to the Company such information
regarding such seller as may be required by the staff of the SEC to be included
in a Registration Statement. The Company may exclude from such registration the
Registrable Securities of any seller who unreasonably fails to furnish such
information within a reasonable time after receiving such request. The Company
shall not have any obligation to register under the Securities Act the
Registrable Securities of a seller who so fails to furnish such
information.

 

15

In the
case of (1) a Shelf Registration Statement or (2) Participating Broker-Dealers
who have notified the Company that they will be utilizing the Prospectus
contained in the Exchange Offer Registration Statement as provided in Section
3(t) hereof, are seeking to sell Exchange Notes and are required to deliver
Prospectuses, each Holder agrees that, upon receipt of any notice from the
Company of the happening of any event of the kind described in Section 3(e)(ii),
3(e)(iii), 3(e)(iv), 3(e)(v) or 3(e)(vi) hereof, such Holder will forthwith
discontinue disposition of Registrable Securities pursuant to a Registration
Statement until such Holder’s receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 3(i) hereof or until it is advised in
writing (the “Advice”) by the Company that the use of the applicable Prospectus
may be resumed, and, if so directed by the Company, such Holder will deliver to
the Company (at the Company’s expense) all copies in such Holder’s possession,
other than permanent file copies then in such Holder’s possession, of the
Prospectus covering such Registrable Securities or Exchange Notes, as the case
may be, current at the time of receipt of such notice. If the Company shall give
any such notice to suspend the disposition of Registrable Securities or Exchange
Notes, as the case may be, pursuant to a Registration Statement, the Company
shall file and use its best efforts to have declared effective (if an amendment)
as soon as practicable an amendment or supplement to the Registration Statement
and shall extend the period during which such Registration Statement shall be
maintained effective pursuant to this Agreement by the number of days in the
period from and including the date of the giving of such notice to and including
the date when the Company shall have made available to the Holders (x) copies of
the supplemented or amended Prospectus necessary to resume such dispositions or
(y) the Advice.

 

4.  Indemnification.

 

(a)  In
connection with any Registration Statement, the Company shall indemnify and hold
harmless each Initial Purchaser, each Holder, each underwriter who participates
in an offering of the Registrable Securities, each Participating Broker-Dealer,
and each Person, if any, who controls any of such parties within the meaning of
Section 15 of the Securities Act (each an “Indemnified Party”) from and against
any and all losses, claims, damages or liabilities, joint or several, to which
they or any of them may become subject under the Securities Act or any other
statute or common law and shall reimburse each such Indemnified Party for any
legal or other expenses (including, to the extent hereinafter provided,
reasonable counsel fees) as and when incurred by them in connection with
investigating any such losses, claims, damages or liabilities or in connection
with defending any actions, insofar as such losses, claims, damages,
liabilities, expenses or actions arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in any
Prospectus, or in a Registration Statement, or the omission or alleged omission
to state therein a material fact required to be stated therein or necessary to
make the statements therein, in the light of the circumstances under which they
were made, not misleading; provided, however, that the indemnity agreement
contained in this Section 4 as to any Indemnified Party shall not apply to any
such losses, claims, damages, liabilities, expenses or actions arising out of,
or based upon, any such untrue statement or alleged untrue statement, or any
such omission or alleged omission, if such statement or omission was made in
reliance upon and in conformity with information furnished in writing to the
Company by such Indemnified Party expressly for use in connection with the
preparation of a Registration Statement or the related Prospectus or any
amendment or supplement to either thereof, or arising out of, or based upon,
statements in or omissions from the part of the Registration Statement which
shall constitute the Statement of Eligibility and Qualification of the Trustee
under the TIA; and provided further, that the indemnity agreement contained in
this Section 4 with respect to the related Prospectus or any amendment or
supplement thereto (if the Company shall have furnished any amendment or
supplement thereto) shall not inure to the benefit of any Indemnified Party on
account of any such losses, claims, damages, liabilities, expenses or actions
arising from the sale of Registrable Securities to any person if a copy of the
related Prospectus (exclusive of any documents incorporated by reference) shall
not have been given or sent to such person by or on behalf of such Indemnified
Party with or prior to the written confirmation of the sale involved unless,
with respect to the delivery of any amendment or supplement to the Prospectus,
the alleged omission or alleged untrue statement was not corrected in such
amendment or supplement at the time of such written confirmation. The indemnity
agreement of the Company contained in this Section 4 shall remain operative and
in full force and effect regardless of any termination of this Agreement or of
any investigation made by or on behalf of any Indemnified Party, and shall
survive the registration of the Registrable Securities.

 

(b)  Each
Holder shall indemnify, defend and hold harmless the Company and any underwriter
and any other selling Holder, and their respective managers, officers and
directors, and each person who controls the Company or any underwriter or any
other selling Holder within the meaning of Section 15 of the Securities Act,
from and against any and all losses, claims, damages or liabilities, joint or
several, to which they or any of them may become subject under the Securities
Act or any other statute or common law and shall reimburse each of them for any
legal or other expenses (including, to the extent hereinafter provided,
reasonable counsel fees) as and when incurred by them in connection with
investigating any such losses, claims, damages or liabilities or in connection
with defending any actions, insofar as such losses, claims, damages,
liabilities, expenses or actions arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in a
Registration Statement or the related Prospectus, or the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading, if such statement or omission was made in
reliance upon and in conformity with information furnished in writing to the
Company by or on behalf of such Holder, expressly for use in connection with the
preparation of a Registration Statement or the related Prospectus or any
amendment or supplement to either thereof. The indemnity agreement of the
respective Holders contained in this Section 4 shall remain operative and in
full force and effect regardless of any termination of this Agreement or of any
investigation made by or on behalf of the Company, any underwriter, or any other
selling Holder, or their respective managers, directors or officers, or any such
controlling person, and shall survive the registration of the Registrable
Securities; provided, however, that, no such Holder shall be liable for any
claims hereunder in excess of the amount of net proceeds received by such Holder
from the sale of Registrable Securities pursuant to a Registration
Statement.

 

16

(c)  The
Company and the Holders each shall, upon the receipt of notice of the
commencement of any action against it or any person controlling it as aforesaid,
in respect of which indemnity may be sought on account of any indemnity
agreement contained herein, promptly give written notice of the commencement
thereof to the party or parties against whom indemnity shall be sought
hereunder, but the failure to notify such indemnifying party or parties of any
such action shall not relieve such indemnifying party or parties from any
liability hereunder to the extent such indemnifying party or parties is/are not
materially prejudiced as a result of such failure to notify and in any event
shall not relieve such indemnifying party or parties from any liability that it
or they may have to the indemnified party otherwise than on account of such
indemnity agreement. In case such notice of any such action shall be so given,
such indemnifying party shall be entitled to participate at its own expense in
the defense, or, if it so elects, to assume (in conjunction with any other
indemnifying parties) the defense of such action, in which event such defense
shall be conducted by counsel chosen by such indemnifying party or parties and
satisfactory to the indemnified party or parties who shall be defendant or
defendants in such action, and such defendant or defendants shall bear the fees
and expenses of any additional counsel retained by them; but if the indemnifying
party shall elect not to assume the defense of such action, such indemnifying
party will reimburse such indemnified party or parties for the reasonable fees
and expenses of any counsel retained by them; provided, however, if the
defendants in any such action (including impleaded parties) include both the
indemnified party and the indemnifying party and counsel for the indemnifying
party shall have reasonably concluded that there may be a conflict of interest
involved in the representation by a single counsel of both the indemnifying
party and the indemnified party, the indemnified party or parties shall have the
right to select separate counsel, satisfactory to the indemnifying party, whose
reasonable fees and expenses shall be paid by such indemnifying party, to
participate in the defense of such action on behalf of such indemnified party or
parties (it being understood, however, that the indemnifying party shall not be
liable for the fees and expenses of more than one separate counsel (in addition
to local counsel) representing the indemnified parties who are parties to such
action). The Company and the Holders each agree that without the other party’s
prior written consent, which consent shall not be unreasonably withheld, it will
not settle, compromise or consent to the entry of any judgment in any claim in
respect of which indemnification may be sought under the indemnification
provisions of this Agreement, unless such settlement, compromise or consent (i)
includes an unconditional release of such other party from all liability arising
out of such claim and (ii) does not include a statement as to or an admission of
fault, culpability or a failure to act by or on behalf of such other
party.

 

(d)  If the
indemnification provided for in subparagraph (a) or (b) above shall be
unenforceable under applicable law by an indemnified party, each indemnifying
party agrees to contribute to such indemnified party with respect to any and all
losses, claims, damages, liabilities and expenses for which each such
indemnification provided for in subparagraph (a) or (b) above shall be
unenforceable, in such proportion as shall be appropriate to reflect (i) the
relative benefits received by each indemnifying party on the one hand and the
indemnified party on the other hand from the offering of the Registrable
Securities pursuant to this Agreement, (ii) if an allocation solely on the basis
provided by clause (i) is not permitted by applicable law or is inequitable or
against public policy, in such proportion as is appropriate to reflect not only
the relative benefits referred to in clause (i) above but also the relative
fault of each indemnifying party on the one hand and the indemnified party on
the other hand in connection with the statements or omissions which have
resulted in such losses, claims, damages, liabilities and expenses and (iii) any
other relevant equitable considerations; provided, however, that no indemnified
party guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any
indemnifying party not guilty of such fraudulent misrepresentation. Relative
fault shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by such
indemnifying party or the indemnified party and each such party’s relative
intent, knowledge, access to information and opportunity to correct or prevent
such untrue statement or omission. The Company and each of the Holders agree
that it would not be just and equitable if contributions pursuant to this
paragraph (d) were to be determined by pro rata allocation (even if the Holders
were treated as one entity for such purpose) or by any other method of
allocation which does not taken account of the equitable consideration referred
to above. Notwithstanding the provisions of this Section 4, no Holder shall be
required to contribute in excess of the amount equal to the excess of (i) the
net proceeds received by such Holder from the sale of Registrable Securities by
it to Eligible Holders, over (ii) the amount of any damages which such Holder
has otherwise been required to pay by reason of any such untrue or alleged
untrue statement or omission or alleged omission. The obligations of each Holder
to contribute pursuant to this Section 4 are several and not joint and shall not
exceed the same proportion of all contributions of Holders required hereunder as
such Holder’s Registrable Securities sold pursuant to the Registration Statement
is of the total amount of Registrable Securities sold pursuant to the
Registration Statement.

 

5.  Participation
in Underwritten Registrations.

 

No Holder
may participate in any underwritten registration hereunder unless such Holder
(a) agrees to sell such Holder’s Registrable Securities on the basis provided in
any underwriting arrangements approved by the Persons entitled hereunder to
approve such arrangements and (b) completes and executes all reasonable
questionnaires, powers of attorney, indemnities, underwriting agreements,
lock-up letters and other documents reasonably required under the terms of such
underwriting arrangements.

 

17

6.  Selection
of Underwriters.

 

The
Holders of Registrable Securities covered by the Shelf Registration Statement
who desire to do so may sell the securities covered by such Shelf Registration
in an underwritten offering. In any such underwritten offering, the underwriter
or underwriters and manager or managers that will administer the offering will
be selected by the Holders of a majority in aggregate principal amount of the
Registrable Securities included in such offering; provided, however, that such
underwriters and managers must be reasonably satisfactory to the
Company.

 

7.  Miscellaneous.

 

(a)  Rule
144 and Rule 144A. For so
long as the Company is subject to the reporting requirements of Section 13 or 15
of the Exchange Act and any Registrable Securities remain outstanding, the
Company will file the reports required to be filed by it under the Securities
Act and Section 13(a) or 15(d) of the Exchange Act and the rules and regulations
adopted by the SEC thereunder. If the Company ceases to be so required to file
such reports, it will, upon the request of any Holder of Registrable Securities
(A) make publicly available such information as is necessary to permit sales of
their securities pursuant to Rule 144 under the Securities Act, (B) deliver such
information to prospective purchasers as is necessary to permit sales of their
securities pursuant to Rule 144A under the Securities Act and (C) take such
further action that is reasonable in the circumstances, in each case, to the
extent required from time to time to enable such Holder to sell its Registrable
Securities without registration under the Securities Act within the limitation
of the exemptions provided by (i) Rule 144 under the Securities Act, as such
rule may be amended from time to time, (ii) Rule 144A under the Securities Act,
as such rule may be amended from time to time or (iii) any similar rules or
regulations hereafter adopted by the SEC. Upon the request of any Holder of
Registrable Securities, the Company will deliver to such Holder a written
statement as to whether it has complied with such requirements.

 

(b)  No
Inconsistent Agreements. The
Company has not entered into, and the Company will not on or after the date of
this Agreement enter into, any agreement that is inconsistent with the rights
granted to the Holders of Registrable Securities in this Agreement or otherwise
conflicts with the provisions hereof. The rights granted to the Holders
hereunder do not and will not for the term of this Agreement in any way conflict
with the rights granted to the holders of the Company’s other issued and
outstanding securities under any such agreements.

 

(c)  Amendments
and Waivers. The
provisions of this Agreement, including the provisions of this sentence, may not
be amended, modified or supplemented, and waivers of consents to departures from
the provisions hereof may not be given unless the Company has obtained the
written consent of Holders of at least a majority in aggregate principal amount
of the outstanding Registrable Securities or the holders of at least a majority
in aggregate principal amount of the outstanding Exchange Notes, as the case may
be (such Holders or holders of the Exchange Notes, as applicable, the
“Applicable Holders”) affected by such amendment, modification, supplement,
waiver or departure; provided no departure with respect to the provisions of
Section 4 hereof shall be effective as against any Applicable Holder without the
consent of such Applicable Holder. Notwithstanding the foregoing sentence, (i)
this Agreement may be amended, without the consent of any Applicable Holder, by
written agreement signed by the Company and the Trustee, to cure any ambiguity,
correct or supplement any provision of this Agreement that may be defective or
inconsistent with any other provision of this Agreement or to make any other
provisions with respect to matters or questions arising under this Agreement
which shall not be inconsistent with other provisions of this Agreement and
shall not adversely affect the interests of the Applicable Holders in any
material respect, (ii) without the consent of any Applicable Holder, this
Agreement may be amended, modified or supplemented, and waivers and consents to
departures from the provisions hereof may be given, by written agreement signed
by the Company and the Trustee to the extent that any such amendment,
modification, supplement, waiver or consent is, in their reasonable judgment,
necessary or appropriate to comply with applicable law (including any
interpretation of the staff of the SEC) or any change therein and (iii) to the
extent any provision of this Agreement relates to the Initial Purchasers, such
provision may be amended, modified or supplemented, and waivers or consents to
departures from such provisions may be given, by written agreement signed by the
Company and the Initial Purchasers.

 

(d)  Notices. All
notices and other communications provided for or permitted hereunder shall be
made in writing by hand-delivery, registered first-class mail, facsimile, or any
courier guaranteeing overnight delivery (i) if to a Holder, at the most current
address given by such Holder to the Company by means of a notice given in
accordance with the provisions of this Section 7(d), which address initially is,
with respect to the Initial Purchasers, the addresses set forth in the Purchase
Agreement and (ii) if to the Company, initially at the Company’s address set
forth in the Purchase Agreement and thereafter at such other address, notice of
which is given in accordance with the provisions of this Section
7(d).

 

18

All such
notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being
deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged,
if faxed; and on the next Business Day, if timely delivered to an air courier
guaranteeing overnight delivery.

 

Copies of
all such notices, demands, or other communications shall be concurrently
delivered by the Person giving the same to the Trustee, at the address specified
in the Indenture.

 

(e)  Successors
and Assigns. This
Agreement shall inure to the benefit of and be binding upon the successors,
assigns and transferees of each Initial Purchaser, including, without limitation
and without the need for an express assignment, subsequent Applicable Holders;
provided, however, that nothing herein shall be deemed to permit any assignment,
transfer or other disposition of Registrable Securities in violation of the
terms of the Purchase Agreement or the Indenture. If any transferee of any
Holder shall acquire Registrable Securities, in any manner, whether by operation
of law or otherwise, such Registrable Securities shall be held subject to all of
the terms of this Agreement, and by taking and holding such Registrable
Securities, such Person shall be conclusively deemed to have agreed to be bound
by and to perform all of the terms and provisions of this Agreement, including
the restrictions on resale set forth in this Agreement and, if applicable, the
Purchase Agreement, and such Person shall be entitled to receive the benefits
hereof.

 

(f)  Third
Party Beneficiary. Each
Initial Purchaser shall, when it no longer holds any beneficial interest in
Notes or Exchange Notes, be a third party beneficiary of the agreements made
hereunder among the Company and the Holders and shall have the right to enforce
such agreements directly to the extent it deems such enforcement necessary or
advisable to protect its rights or the rights of Holders hereunder.

 

(g)  Counterparts. This
Agreement may be executed in any number of counterparts and by the parties
hereto in separate counterparts, each of which when so executed shall be deemed
to be an original and all of which taken together shall constitute one and the
same agreement.

 

(h)  Headings. The
headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof.

 

(i)  GOVERNING
LAW. THIS
AGREEMENT SHALL BE DEEMED TO HAVE BEEN MADE IN THE STATE OF NEW YORK. THE
VALIDITY AND INTERPRETATION OF THIS AGREEMENT, AND THE TERMS AND CONDITIONS SET
FORTH HEREIN, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY PROVISIONS RELATING TO
CONFLICTS OF LAWS. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

(j)  Severability. In the
event that any one or more of the provisions contained herein, or the
application thereof in any circumstance, is held invalid, illegal or
unenforceable, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions contained herein shall
not be affected or impaired thereby.

 

(k)  Securities
Held by the Company or its Affiliates.
Whenever the consent or approval of Holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities held by the
Company or any of its affiliates (as such term is defined in Rule 405 under the
Securities Act) shall not be counted in determining whether such consent or
approval was given by the Holders of such required percentage.

 

19

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first written above.

 

TXU
CORP.

	
       

      By:
	
       

      __________________________________

	 	
      Name:
      Anthony R. Horton

      Title:
      Senior Vice President and Treasurer

Accepted
and delivered as of

the date
first above written:

 

CITIGROUP
GLOBAL MARKETS INC.

as
representative of the Initial 

Purchasers

	
       

      By:
	
       

      __________________________________

	 	
      Name:
      

      Title:
      

 

20

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