Document:

Exhibit 4.12

 

HUDSON TECHNOLOGIES, INC. 

 

AND

 

 

Trustee

 

INDENTURE 

 

Dated as of                     

 

Debt Securities

 

 

 

Reconciliation and tie between

Trust Indenture Act of 1939, as amended,

and the Indenture

 

	Trust Indenture Act
        Section
	 	Indenture

    Section
	(S)310(a)(1)	 	6.8
	(a)(2)	 	6.8
	(b)	 	6.9
	(S)312(a)	 	7.1
	(b)	 	7.2
	(c)	 	7.2
	(S)313(a)	 	7.3
	(b)(2)	 	7.3
	(c)	 	7.3
	(d)	 	7.3
	(S)314(a)	 	7.4
	(c)(1)	 	1.2
	(c)(2)	 	1.2
	(e)	 	1.2
	(f)	 	1.2
	(S)316(a) (last sentence)	 	1.1
	(a)(1)(A)	 	5.2, 5.12
	(a)(1)(B)	 	5.13
	(b)	 	5.8
	(S)317(a)(1)	 	5.3
	(a)(2)	 	5.4
	(b)	 	10.3
	(S)318(a)	 	1.8

 

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

 

     

     

    

  

TABLE OF CONTENTS 

 

	 	 	Page
	ARTICLE 1	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	1
	 	 	 
	Section 1.1	Definitions; Rules of Construction	1
	 	 	 
	Section 1.2	Compliance Certificates and Opinions	7
	 	 	 
	Section 1.3	Form of Documents Delivered to Trustee	7
	 	 	 
	Section 1.4	Acts of Holders	8
	 	 	 
	Section 1.5	Notices, etc., to Trustee and Company	9
	 	 	 
	Section 1.6	Notice to Holders of Securities; Waiver	9
	 	 	 
	Section 1.7	Language of Notices	9
	 	 	 
	Section 1.8	Incorporation by Reference of Trust Indenture Act; Trust Indenture Act Controls	9
	 	 	 
	Section 1.9	Effect of Headings and Table of Contents	10
	 	 	 
	Section 1.10	Successors and Assigns	10
	 	 	 
	Section 1.11	Separability Clause	10
	 	 	 
	Section 1.12	Benefits of Indenture	10
	 	 	 
	Section 1.13	Governing Law; Waiver of Trial by Jury	10
	 	 	 
	Section 1.14	Legal Holidays	10
	 	 	 
	Section 1.15	Counterparts	10
	 	 	 
	Section 1.16	Judgment Currency	10
	 	 	 
	Section 1.17	Limitation on Individual Liability	11
	 	 	 
	ARTICLE 2	SECURITIES FORMS	11
	 	 	 
	Section 2.1	Forms Generally	11
	 	 	 
	Section 2.2	Form of Trustee’s Certificate of Authentication	11
	 	 	 
	Section 2.3	Securities in Global Form	12
	 	 	 
	ARTICLE 3	THE SECURITIES	12
	 	 	 
	Section 3.1	Amount Unlimited; Issuable in Series	12
	 	 	 
	Section 3.2	Currency; Denominations	15
	 	 	 
	Section 3.3	Execution; Authentication; Delivery and Dating	15
	 	 	 
	Section 3.4	Temporary Securities	15
	 	 	 
	Section 3.5	Registration; Transfer and Exchange	16
	 	 	 
	Section 3.6	Mutilated, Destroyed, Lost and Stolen Securities	18

 

     i

     

    

  

TABLE OF CONTENTS 

(continued)

 

	 	 	Page
	Section 3.7	Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved	19
	 	 	 
	Section 3.8	Persons Deemed Owners	20
	 	 	 
	Section 3.9	Cancellation	20
	 	 	 
	Section 3.10	Computation of Interest	20
	 	 	 
	Section 3.11	CUSIP and ISIN Numbers	20
	 	 	 
	ARTICLE 4	SATISFACTION AND DISCHARGE OF INDENTURE	20
	 	 	 
	Section 4.1	Satisfaction and Discharge	20
	 	 	 
	Section 4.2	Defeasance and Covenant Defeasance	21
	 	 	 
	Section 4.3	Application of Trust Money	23
	 	 	 
	Section 4.4	Qualifying Trustee	24
	 	 	 
	ARTICLE 5	REMEDIES	24
	 	 	 
	Section 5.1	Events of Default	24
	 	 	 
	Section 5.2	Acceleration of Maturity; Rescission and Annulment	25
	 	 	 
	Section 5.3	Collection of Indebtedness and Suits for Enforcement by Trustee	25
	 	 	 
	Section 5.4	Trustee May File Proofs of Claim	26
	 	 	 
	Section 5.5	Trustee May Enforce Claims without Possession of Securities	26
	 	 	 
	Section 5.6	Application of Money Collected	26
	 	 	 
	Section 5.7	Limitations on Suits	27
	 	 	 
	Section 5.8	Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts	27
	 	 	 
	Section 5.9	Restoration of Rights and Remedies	27
	 	 	 
	Section 5.10	Rights and Remedies Cumulative	27
	 	 	 
	Section 5.11	Delay or Omission Not Waiver	27
	 	 	 
	Section 5.12	Control by Holders of Securities	28
	 	 	 
	Section 5.13	Waiver of Past or Existing Defaults	28
	 	 	 
	Section 5.14	Waiver of Stay or Extension Laws	28
	 	 	 
	Section 5.15	Undertaking for Costs	28

 

     ii

     

    

  

TABLE OF CONTENTS 

(continued)

 

	 	 	Page
	ARTICLE 6	THE TRUSTEE	29
	 	 	 
	Section 6.1	Certain Duties and Responsibilities	29
	 	 	 
	Section 6.2	Certain Rights of Trustee	29
	 	 	 
	Section 6.3	Notice of Defaults	31
	 	 	 
	Section 6.4	Not Responsible for Recitals or Issuance of Securities	31
	 	 	 
	Section 6.5	May Hold Securities	31
	 	 	 
	Section 6.6	Money Held in Trust	31
	 	 	 
	Section 6.7	Compensation and Reimbursement	31
	 	 	 
	Section 6.8	Corporate Trustee Required; Eligibility; Conflicting Interests	32
	 	 	 
	Section 6.9	Resignation and Removal; Appointment of Successor	32
	 	 	 
	Section 6.10	Acceptance of Appointment by Successor	33
	 	 	 
	Section 6.11	Merger; Conversion; Consolidation; or Succession to Business	34
	 	 	 
	Section 6.12	Appointment of Authenticating Agent	34
	 	 	 
	ARTICLE 7	HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY	35
	 	 	 
	Section 7.1	Company to Furnish Trustee Names and Addresses of Holders	35
	 	 	 
	Section 7.2	Preservation of Information; Communications to Holders	36
	 	 	 
	Section 7.3	Reports by Trustee	36
	 	 	 
	Section 7.4	Reports by Company	36
	 	 	 
	ARTICLE 8	CONSOLIDATION, MERGER AND SALES	36
	 	 	 
	Section 8.1	Company May Consolidate, etc., Only on Certain Terms	36
	 	 	 
	Section 8.2	Successor Person Substituted for Company	37
	 	 	 
	ARTICLE 9	SUPPLEMENTAL INDENTURES	37
	 	 	 
	Section 9.1	Supplemental Indentures Without Consent of Holders	37
	 	 	 
	Section 9.2	Supplemental Indentures With Consent of Holders	38
	 	 	 
	Section 9.3	Execution of Supplemental Indentures	39
	 	 	 
	Section 9.4	Revocation of Consents	39

 

     iii

     

    

  

TABLE OF CONTENTS 

(continued)

 

	 	 	Page
	Section 9.5	Effect of Supplemental Indentures	39
	 	 	 
	Section 9.6	Reference in Securities to Supplemental Indentures	40
	 	 	 
	Section 9.7	Conformity with Trust Indenture Act	40
	 	 	 
	Section 9.8	Notice of Supplemental Indenture	40
	 	 	 
	ARTICLE 10	COVENANTS	40
	 	 	 
	Section 10.1	Payment of Principal, any Premium, Interest and Additional Amounts	40
	 	 	 
	Section 10.2	Maintenance of Office or Agency	40
	 	 	 
	Section 10.3	Money for Securities Payments to Be Held in Trust	40
	 	 	 
	Section 10.4	Additional Amounts	41
	 	 	 
	Section 10.5	Waiver of Certain Covenants	42
	 	 	 
	Section 10.6	Company Statement as to Compliance	42
	 	 	 
	ARTICLE 11	REDEMPTION OF SECURITIES	42
	 	 	 
	Section 11.1	Applicability of Article	42
	 	 	 
	Section 11.2	Election to Redeem; Notice to Trustee	42
	 	 	 
	Section 11.3	Selection by Trustee of Securities to be Redeemed	43
	 	 	 
	Section 11.4	Notice of Redemption	43
	 	 	 
	Section 11.5	Deposit of Redemption Price	44
	 	 	 
	Section 11.6	Securities Payable on Redemption Date	44
	 	 	 
	Section 11.7	Securities Redeemed in Part	44
	 	 	 
	Section 11.8	Repurchases on the Open Market	44
	 	 	 
	ARTICLE 12	SINKING FUNDS	44
	 	 	 
	Section 12.1	Applicability of Article	44
	 	 	 
	Section 12.2	Satisfaction of Sinking Fund Payments with Securities	45
	 	 	 
	Section 12.3	Redemption of Securities for Sinking Fund	45
	 	 	 
	ARTICLE 13	REPAYMENT AT THE OPTION OF HOLDERS	45
	 	 	 
	Section 13.1	Applicability of Article	45
	 	 	 
	ARTICLE 14	SECURITIES IN FOREIGN CURRENCIES	46
	 	 	 
	Section 14.1	Applicability of Article	46

 

     iv

     

    

  

TABLE OF CONTENTS 

(continued)

 

	 	 	Page
	ARTICLE 15	MEETINGS OF HOLDERS OF SECURITIES	46
	 	 	 
	Section 15.1	Purposes for Which Meetings May Be Called	46
	 	 	 
	Section 15.2	Call, Notice and Place of Meetings	46
	 	 	 
	Section 15.3	Persons Entitled to Vote at Meetings	46
	 	 	 
	Section 15.4	Quorum; Action	46
	 	 	 
	Section 15.5	Determination of Voting Rights; Conduct and Adjournment of Meetings	47
	 	 	 
	Section 15.6	Counting Votes and Recording Action of Meetings	47

 

     v

     

    

  

INDENTURE (the “Indenture”), dated as of                     ,
between Hudson Technologies, Inc., a corporation existing under the laws of the State of New York (the “Company”),
and                     , as
trustee (the “Trustee”).

 

RECITALS

 

The Company has duly authorized the execution and delivery of this
Indenture to provide for the issuance from time to time of its debentures, notes or other evidences of indebtedness (hereinafter
called the “Securities”), unlimited as to principal amount, to bear such rates of interest, to mature at such
time or times, to be issued in one or more series and to have such other provisions as shall be fixed as hereinafter provided.

 

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

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

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

 

ARTICLE 1 

 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 

 

	 	Section 1.1	Definitions; Rules of Construction

 

Except as otherwise expressly provided in or pursuant to this Indenture
or unless the context otherwise requires, for all purposes of this Indenture:

 

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

 

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

 

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

 

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

 

(5) the word “or” is always used inclusively (for example,
the phrase “A or B” means “A or B or both,” not “either A or B but not both”);

 

(6) provisions apply to successive events and transactions;

 

(7) any reference to gender includes the masculine, feminine and
the neuter, as the case may be;

 

(8) references to agreements and other instruments include subsequent
amendments thereto and restatements thereof;

 

(9) “including” means “including without limitation”;

 

(10) all exhibits are incorporated by reference herein and expressly
made a part of this Indenture;

 

(11) all references to articles, sections and exhibits (and subparts
thereof) are to this Indenture; and

 

    	 	1	 

     

    

  

(12) any transaction or event shall be considered “permitted
by” or made “in accordance with” or “in compliance with” this Indenture or any particular provision
thereof if such transaction or event is not expressly prohibited by this Indenture or such provision, as the case may be.

 

Certain terms used principally in certain Articles hereof are defined
in those Articles.

 

“Act,” when used with respect to any Holders,
has the meaning specified in Section 1.4.

 

“Additional Amounts” means any additional amounts
which are required by this Indenture or by any Security, under circumstances specified herein or therein, to be paid by the Company
in respect of certain taxes, assessments or other governmental charges imposed on Holders specified therein and which are owing
to such Holders.

 

“Additional Interest” means any additional interest
which is required by any Security to be paid as a result of a failure on the part of the Company duly to observe or perform the
covenants and agreements set forth in Section 7.4.

 

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

 

“Applicable Procedures” means, with respect to
any transfer or exchange of or for beneficial interests in any Global Security, the rules and procedures of the Depositary that
apply to such transfer or exchange at the relevant time.

 

“Authenticating Agent” means any Person authorized
by the Trustee pursuant to Section 6.12 to act on behalf of the Trustee to authenticate Securities of one or more series.

 

“Authorized Newspaper” means a newspaper, in
an official language of the place of publication or in the English language, customarily published on each day that is a Business
Day in the place of publication, whether or not published on days that are Legal Holidays in the place of publication, and of general
circulation in each place in connection with which the term is used or in the financial community of each such place. Where successive
publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different
newspapers in the same city meeting the foregoing requirements and in each case on any day that is a Business Day in the place
of publication. If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby
in an Authorized Newspaper, any publication or other notice in lieu thereof which is made or given with the approval of the Trustee
shall constitute a sufficient publication of such notice.

 

“Board of Directors” means:

 

(1) with respect to the Company, the board of directors of the Company
or any committee of the board of directors of the Company duly authorized to act generally or in any particular respect for the
Company under this Indenture;

 

(2) with respect to any other corporation, the board of directors
of the corporation or any authorized committee thereof;

 

(3) with respect to a limited liability company, the managing member
or managing members of such limited liability company or any authorized committee thereof;

 

(4) with respect to a partnership, the board of directors of the
general partner of the partnership or any authorized committee thereof; and

 

(5) with respect to any other Person, the board or committee of
such Person serving a similar function.

 

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

 

“Business Day” means, unless otherwise specified
with respect to any Securities pursuant to Section 3.1, each day that is not a Saturday, Sunday or other day on which banking
institutions in New York, New York or another Place of Payment are authorized or required by law, regulation or executive order
to close.

 

    	 	2	 

     

    

  

“Commission” means the Securities and Exchange
Commission, as from time to time constituted, created under the Exchange Act or any successor agency.

 

“Common Stock” includes any stock of any class
of the Company which has no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary
liquidation, dissolution or winding up of the Company.

 

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

 

“Company Request” and “Company Order”
mean, respectively, a written request or order, as the case may be, signed in the name of the Company by the Chairman of the Board
of Directors of the Company, a Vice Chairman, the President, a Vice President, the Treasurer, the Assistant Treasurer, the Secretary
or the Assistant Secretary or other person authorized by resolution of the Board of Directors of the Company, and delivered to
the Trustee.

 

“Corporate Trust Office” means the designated
office of the Trustee at which the corporate trust business of the Trustee shall at any particular time be administered, which
office at the date of original execution of this Indenture is located at.

 

“Corporation” includes corporations and limited
liability companies and, except for purposes of Article 8, associations, companies (other than limited liability companies) and
business trusts.

 

“Currency” means, with respect to any payment,
deposit or other transfer in respect of the principal of or any premium or interest on or any Additional Amounts with respect to
any Security, Dollars or Foreign Currency, as the case may be, in which such payment, deposit or other transfer is required to
be made by or pursuant to the terms hereof or such Security and, with respect to any other payment, deposit or transfer pursuant
to or contemplated by the terms hereof or such Security, means Dollars.

 

“CUSIP number” means the alphanumeric designation
assigned to a Security by Standard & Poor’s Corporation, CUSIP Service Bureau.

 

“Defaulted Interest” has the meaning specified
in Section 3.7.

 

“Definitive Security” means a certificated Security
registered in the name of the Holder thereof (other than a Depositary or its nominee) issued under this Indenture pursuant to Section 3.1
and Section 3.5.

 

“Dollars” or “$” means a dollar
or other equivalent unit of legal tender for payment of public or private debts in the United States of America.

 

“Event of Default” has the meaning specified
in Section 5.1.

 

“Exchange Act” means the Securities Exchange
Act of 1934, as amended, or any successor thereto, in each case as amended from time to time.

 

“Foreign Currency” means any currency, currency
unit or composite currency, including, without limitation, the euro, issued by the government of one or more countries other than
the United States of America or by any recognized confederation or association of such governments.

 

“GAAP” means generally accepted accounting principles
in the United States, which are in effect from time to time.

 

“Global Security” means a Security issued under
this Indenture in global form pursuant to Section 3.1, bearing the legend set forth in Section 2.3 and deposited with,
or on behalf of, and registered in the name of, the Depositary or its nominee.

 

“Government Obligations” means securities
which are (i) direct obligations of the United States of America or the other government or governments in the
confederation which issued the Foreign Currency in which the principal of or any premium or interest on any Security or any
Additional Amounts in respect thereof shall be payable, in each case where the payment or payments thereunder are supported
by the full faith and credit of the United States or such government or governments or (ii) obligations of a Person
controlled or supervised by and acting as an agency or instrumentality of the United States of America or such other
government or governments, in each case where the timely payment or payments thereunder are unconditionally guaranteed as a
full faith and credit obligation by the United States of America or such other government or governments, and which, in the
case of (i) or (ii), are not callable or redeemable at the option of the issuer or issuers thereof, and shall also
include a Depositary receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or
a specific payment of interest on or principal of or other amount with respect to any such Government Obligation held by such
custodian for the account of the holder of a Depositary receipt, provided that (except as required by law) such custodian is
not authorized to make any deduction from the amount payable to the holder of such Depositary receipt from any amount
received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of or
other amount with respect to the Government Obligation evidenced by such Depositary receipt.

 

    	 	3	 

     

    

 

“Holder” means, in the case of any Registered
Security, the Person in whose name such Security is registered in the Security Register.

 

“Indenture” means this instrument as it may from
time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions
hereof and, with respect to any Security of any series, by the terms

 

and provisions of such Security established pursuant to Section 3.1
(as such terms and provisions may be amended pursuant to the applicable provisions hereof); provided, however, that, if at any
time more than one Person is acting as Trustee under this instrument, “Indenture” shall mean, with respect to any one
or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from time to
time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions
hereof and shall include the terms of those particular series of Securities for which such Person is Trustee established pursuant
to Section 3.1, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which
such Person is not Trustee, regardless of when such terms or provisions were adopted.

 

“Independent Registered Public Accounting Firm”
means a firm of accountants that, with respect to the Company and any other obligor under the Securities, is an independent registered
public accounting firm within the meaning of the Securities Act of 1933, as amended, and the rules and regulations promulgated
by the Commission thereunder, who may be the independent registered public accounting firm regularly retained by the Company or
who may be another independent registered public accounting firm. Such firm shall be entitled to rely upon any Opinion of Counsel
as to the interpretation of any legal matters relating to this Indenture or certificates required to be provided hereunder.

 

“Indexed Security” means a Security the terms
of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount
thereof at original issuance.

 

“Indirect Participant” means an entity that,
with respect to any Depositary, clears through or maintains a direct or indirect, custodial relationship with a Participant.

 

“interest” means any interest specified in any
Security as being payable with respect to that Security, including any Additional Interest when used with respect to a Security
which provides for the payment of Additional Interest, and, with respect to any Original Issue Discount Security, which by its
terms bears interest only after Maturity, means interest payable after Maturity and, when used with respect to a Security which
provides for the payment of Additional Amounts pursuant to Section 10.4, includes such Additional Amounts.

 

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

 

“Judgment Currency” has the meaning specified
in Section 1.16.

 

“Legal Holiday” has the meaning specified in
Section 1.14.

 

“Maturity” means, with respect to any Security,
the date on which the principal of such Security or an installment of principal becomes due and payable as provided in or pursuant
to this Indenture, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or repurchase, notice
of option to elect repayment or otherwise, and includes the Redemption Date.

 

“New York Banking Day” has the meaning specified
in Section 1.16.

 

“Office” or “Agency,” means,
with respect to any Securities, an office or agency of the Company maintained or designated as a Place of Payment for such Securities
pursuant to Section 10.2 or any other office or agency of the Company maintained or designated for such Securities pursuant
to Section 10.2 or, to the extent designated or required by Section 10.2 in lieu of such office or agency, the Corporate
Trust Office of the Trustee.

 

    	 	4	 

     

    

  

“Officer” means, with respect to any Person,
the Chairman of the Board of Directors, a Vice Chairman, the Chief Executive Officer, the President, any Vice President (without
regard to qualifiers such as “Executive” or “Senior”), the Chief Operating Officer, the Chief Financial
Officer, the Treasurer, an Assistant Treasurer, the Controller, the Secretary or an Assistant Secretary of such Person or other
Person authorized by resolution of the Board of Directors of such Person.

 

“Officer’s Certificate” means a certificate
signed by an Officer, that, if applicable, complies with the requirements of Section 314(e) of the Trust Indenture Act and
is delivered to the Trustee.

 

“Opinion of Counsel” means a written opinion
of counsel, who may be an employee of or counsel for the Company or other counsel that, if applicable, complies with the requirements
of Section 314(e) of the Trust Indenture Act.

 

“Original Issue Discount Security” means a Security
issued pursuant to this Indenture that provides, at any time prior to the final Stated Maturity of such Security, for declaration
of an amount less than the principal amount thereof to be due and payable upon acceleration pursuant to Section 5.2.

 

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

 

(1) any such Security theretofore cancelled by the Trustee or delivered
to the Trustee for cancellation including Securities tendered and exchanged for other securities of the Company;

 

(2) any such Security of any series for which payment at the Maturity
thereof money in the necessary amount has been theretofore deposited pursuant hereto (other than pursuant to Section 4.2)
with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if
the Company shall act as its own Paying Agent) for the Holders of such series of Securities, provided that, if such Securities
are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory
to the Trustee has been made;

 

(3) any such Security of any series with respect to which the Company
has effected defeasance or covenant defeasance pursuant to the terms hereof, except to the extent provided in Section 4.2;

 

(4) any such Security which has been paid pursuant to Section 3.6
or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, unless
there shall have been presented to the Trustee proof satisfactory to it that such Security is held by a “protected purchaser”
(as such term is defined in the New York Uniform Commercial Code) in whose hands such Security is a valid obligation of the Company;
and

 

(5) any such Security converted or exchanged as contemplated by
this Indenture into Common Stock or other securities, cash or other property, if the terms of such Security provide for such conversion
or exchange pursuant to Section 3.1;

 

provided, however, that in determining whether the Holders of the
requisite principal amount of Outstanding Securities of any series have given any request, demand, authorization, direction, notice,
consent or waiver hereunder or are present at a meeting of Holders of Securities of such series for quorum purposes, (i) the
principal amount of an Original Issue Discount Security that may be counted in making such determination and that shall be deemed
to be Outstanding for such purposes shall be equal to the amount of the principal thereof that pursuant to the terms of such Original
Issue Discount Security would be declared (or shall have been declared to be) due and payable upon a declaration of acceleration
thereof pursuant to Section 5.2 at the time of such determination, and (ii) the principal amount of any Indexed Security
that may be counted in making such determination and that shall be deemed Outstanding for such purpose shall be equal to the principal
face amount of such Indexed Security at original issuance, unless otherwise provided in or pursuant to this Indenture, and (iii) the
principal amount of a Security denominated in a Foreign Currency shall be the Dollar equivalent, determined on the date of original
issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent
on the date of original issuance of such Security of the amount determined as provided in (i) above) of such Security, and
(iv) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other
obligor, shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected
in making any such determination or relying upon any such request, demand, authorization, direction, notice, consent or waiver,
only Securities which a Responsible Officer actually knows to be so owned shall be so disregarded. Securities so owned which shall
have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of a Responsible
Officer (A) the pledgee’s right so to act with respect to such Securities and (B) that the pledgee is not the Company
or any other obligor upon the Securities or an Affiliate of the Company or such other obligor.

 

“Participant” means, with respect to the Depositary,
a Person who has an account with the Depositary.

 

    	 	5	 

     

    

  

“Paying Agent” means any Person authorized by
the Company to pay the principal of, or any premium or interest on, or any Additional Amounts with respect to, any Security on
behalf of the Company.

 

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

 

“Place of Payment” means, with respect to any
Security, the place or places where the principal of, or any premium or interest on, or any Additional Amounts with respect to
such Security are payable as provided in or pursuant to this Indenture or such Security.

 

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

 

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

 

“Redemption Price” means, with respect to any
Security or portion thereof to be redeemed, the price at which it is to be redeemed including, if applicable, accrued and unpaid
interest and Additional Amounts as determined by or pursuant to this Indenture or such Security.

 

“Registered Security” means any Security established
pursuant to Section 2.1 which is registered in the Security Register.

 

“Regular Record Date” for the interest payable
on any Registered Security on any Interest Payment Date therefor means the date, if any, specified in or pursuant to this Indenture
or such Security as the “Regular Record Date.”

 

“Required Currency” has the meaning specified
in Section 1.16.

 

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

 

“Security” or “Securities”
means any note or notes, bond or bonds, debenture or debentures, or any other evidences of indebtedness, as the case may be, authenticated
and delivered under this Indenture; provided, however, that, if at any time there is more than one Person acting as Trustee under
this Indenture, “Securities,” with respect to any such Person, shall mean Securities authenticated and delivered under
this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee.

 

“Security Register,” “Security Registrar”
and “Registrar” have the respective meanings specified in Section 3.5.

 

“series” means a series of Securities established
under this Indenture.

 

“Special Record Date” for the payment of any
Defaulted Interest on any Registered Security means a date fixed by the Trustee pursuant to Section 3.7.

 

“Stated Maturity” means, with respect to any
Security or any installment of principal thereof or interest thereon or any Additional Amounts with respect thereto, the date established
by or pursuant to this Indenture or such Security as the fixed date on which the principal of such Security or such installment
of principal or interest is, or such Additional Amounts are, due and payable.

 

“Trust Indenture Act” or “TIA”
means the Trust Indenture Act of 1939, as amended, and any reference herein to the Trust Indenture Act or a particular provision
thereof shall mean such Act or provision, as the case may be, as amended or replaced from time to time or as supplemented from
time to time by rules or regulations adopted by the Commission under or in furtherance of the purposes of such Act or provision,
as the case may be.

 

“Trustee” means the Person named as the “Trustee”
in the first paragraph of this instrument until a successor Trustee shall have become such with respect to one or more series of
Securities pursuant to the applicable provisions of this Indenture, and thereafter

 

    	 	6	 

     

    

  

“Trustee” shall mean each Person who is then a Trustee
hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” shall mean each such
Person and as used with respect to the Securities of any series shall mean only the Trustee with respect to the Securities of such
series.

 

“United States” means, except as otherwise provided
in or pursuant to this Indenture or any Security, the United States of America (including the states thereof and the District of
Columbia), its territories and possessions and other areas subject to its jurisdiction.

 

“United States Alien” means, except as otherwise
provided in or pursuant to this Indenture or any Security, any Person who, for United States federal income tax purposes, is a
foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign
partnership one or more of the members of which is, for United States federal income tax purposes, a foreign corporation, a non-resident
alien individual or a non-resident alien fiduciary of a foreign estate or trust.

 

“U.S. Depositary” or “Depositary”
means, with respect to any Security issuable or issued in the form of one or more Global Securities, the Person designated as U.S.
Depositary or Depositary by the Company in or pursuant to this Indenture, which Person

 

must be, to the extent required by applicable law or regulation,
a clearing agency registered under the Exchange Act and, if so provided with respect to any Security, any successor to such Person.
If at any time there is more than one such Person, “U.S. Depositary” or “Depositary” shall mean, with respect
to any Securities, the qualifying entity which has been appointed with respect to such Securities.

 

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

 

	 	Section 1.2	Compliance Certificates and Opinions

 

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

 

Every certificate or opinion with respect to compliance with a condition
or covenant or covenant provided for in this Indenture (other than a certificate delivered pursuant to Section 10.6) shall
include:

 

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

 

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

 

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

 

(4) a statement as to whether, in the opinion of each such individual,
such condition or covenant has been complied with.

 

	 	Section 1.3	Form of Documents Delivered to Trustee

 

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

 

    	 	7	 

     

    

 

Any certificate or opinion of an Officer of the Company may be based,
insofar as it relates to legal matters, upon an Opinion of Counsel, unless such Officer knows that the opinion with respect to
the matters upon which his certificate or opinion is based are erroneous. Any such Opinion of Counsel may be based, insofar as
it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers of the Company stating
that the information with respect to such factual matters is in the possession of the Company unless such counsel knows that the
certificate or opinion or representations with respect to such matters are erroneous. Any certificate, statement or opinion of
an Officer of the Company or any Opinion of Counsel may be based, insofar as it relates to accounting matters, upon a certificate
or opinion of or representations by an accountant or firm of accountants in the employ of the Company, unless such Officer or counsel,
as the case may be, knows that the certificate or opinion or representations with respect to the accounting matters upon which
his certificate, statement or opinion may be based as aforesaid are erroneous.

 

Where any Person is required to make, give or execute two or more
applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture or any Security,
they may, but need not, be consolidated and form one instrument.

 

	 	Section 1.4	Acts of Holders

 

(1) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by or pursuant to this Indenture to be given or taken by Holders may be embodied in and evidenced
by one or more instruments (including instruments in electronic, digital or other machine-readable form) of substantially similar
tenor signed by such Holders (whether in person or through signatures in electronic, digital or other machine-readable form) or
by an agent duly appointed in writing (including writings in electronic, digital or other machine-readable form) or may be embodied
in and evidenced by the record of Holders voting in favor thereof, either in person or by proxies duly appointed in writing, at
any meeting of Holders duly called and held in accordance with the provisions of Article 15, or a combination of such instruments
or record. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments
or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments
or record or both (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument
or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of
this Indenture and (subject to Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee and the Company
and any agent of the Trustee or the Company, if made in the manner provided in this Section 1.4. The record of any meeting
of Holders of Securities shall be proved in the manner provided in Section 15.6.

 

Without limiting the generality of this Section 1.4, unless
otherwise provided in or pursuant to this Indenture, a Holder, including a U.S. Depositary that is a Holder of a Global Security,
may make, give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice,
consent, waiver or other Act provided in or pursuant to this Indenture or the Securities to be made, given or taken by Holders,
and a U.S. Depositary that is a Holder of a Global Security may provide its proxy or proxies to the beneficial owners of interests
in any such Global Security through such U.S. Depositary’s standing instructions and customary practices.

 

The Trustee may fix a record date for the purpose of determining
the Persons who are beneficial owners of interests in any permanent Global Security held by a U.S. Depositary entitled under the
procedures of such U.S. Depositary to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand,
authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture to be made, given or taken
by Holders.

 

(2) The fact and date of the execution by any Person of any such
instrument or writing referred to in this Section 1.4 may be proved in any reasonable manner which the Trustee deems sufficient
and in accordance with such reasonable rules as the Trustee may determine; and the Trustee may in any instance require further
proof with respect to any of the matters referred to in this Section 1.4.

 

(3) The ownership, principal amount and serial numbers of Registered
Securities held by any Person, and the date of the commencement and the date of the termination of holding the same, shall be proved
by the Security Register.

 

(4) If the Company shall solicit from the Holders of any Registered
Securities any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option
(but is not obligated to), by Board Resolution, fix in advance a record date for the determination of Holders of Registered Securities
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act. If such a record date is
fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record
date, but only the Holders of Registered Securities of record at the close of business on such record date shall be deemed to be
Holders for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or
agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose
the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent
by the Holders of Registered Securities shall be deemed effective unless it shall become effective pursuant to the provisions of
this Indenture not later than six months after the record date.

 

    	 	8	 

     

    

  

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

 

	 	Section 1.5	Notices, etc., to Trustee and Company

 

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

 

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

 

(2) the Company by the Trustee or any Holder shall be sufficient
for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid
or airmail postage prepaid if sent from outside the United States, to the Company addressed to the attention of its Treasurer (with
a copy to the General Counsel) at the address of its principal office specified in the first paragraph of this instrument or at
any other address previously furnished in writing to the Trustee by the Company.

 

	 	Section 1.6	Notice to Holders of Securities; Waiver

 

Except as otherwise expressly provided in or pursuant to this Indenture,
where this Indenture provides for notice to Holders of Securities of all or any series of any event, such notice shall be sufficiently
given to Holders of Registered Securities of such series if in writing and mailed, first-class postage prepaid, to each Holder
of a Registered Security affected by such event, at his address as it appears in the Security Register, not later than the latest
date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders of
Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any
particular Holder of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered
Securities given as provided herein. Any notice which is mailed in the manner herein provided shall be conclusively presumed to
have been duly given or provided. In the case by reason of the suspension of regular mail service or by reason of any other cause
it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee
shall constitute a sufficient notification for every purpose hereunder.

 

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

 

	 	Section 1.7	Language of Notices

 

Any request, demand, authorization, direction, notice, consent,
election or waiver required or permitted under this Indenture shall be in the English language, except that, if the Company so
elects, any published notice may be in an official language of the country of publication (with a copy in English to be provided
to the Trustee).

 

	 	Section 1.8	Incorporation by Reference of Trust Indenture Act; Trust Indenture Act Controls

 

(a) If any provision hereof limits, qualifies or conflicts with
the duties that would be imposed by any of Sections 310 to 317 of the Trust Indenture Act through operation of Section 318(c)
thereof on any person, such imposed duties shall control. The following Trust Indenture Act terms have the following meanings:

 

“indenture securities” means the Securities;

 

“indenture security holder” means a Holder;

 

“indenture to be qualified” means this Indenture;

 

“indenture trustee” or “institutional trustee”
means the Trustee; and

 

“obligor” on the indenture securities means the Company
and any other obligor on the indenture securities.

 

    	 	9	 

     

    

  

All other Trust Indenture Act terms used in this Indenture that
are defined by the Trust Indenture Act, defined in the Trust Indenture Act by reference to another statute or defined by SEC Rule
have the meanings assigned to them by such definitions.

 

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

 

	 	Section 1.9	Effect of Headings and Table of Contents

 

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

 

	 	Section 1.10	Successors and Assigns

 

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

 

	 	Section 1.11	Separability Clause

 

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

 

	 	Section 1.12	Benefits of Indenture

 

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

 

	 	Section 1.13	Governing Law; Waiver of Trial by Jury

 

This Indenture and the Securities shall be governed by and construed
in accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case,
performed in said state. Each of the Company and the Trustee hereby irrevocably waives, to the fullest extent permitted by applicable
law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Indenture, the Securities or
the transactions contemplated hereby.

 

	 	Section 1.14	Legal Holidays

 

Unless otherwise specified in or pursuant to this Indenture or any
Securities, in any case where any Interest Payment Date, Stated Maturity or Maturity of any Security, or the last date on which
a Holder has the right to convert or exchange Securities of a series that are convertible or exchangeable shall not be a Business
Day (a “Legal Holiday”) at any Place of Payment, then (notwithstanding any other provision of this Indenture
or any Security other than a provision in any Security that specifically states that such provision shall apply in lieu hereof)
payment need not be made at such Place of Payment on such date, and such Securities need not be converted or exchanged on such
date but such payment may be made, and such Securities may be converted or exchanged, on the next succeeding day that is a Business
Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or at the Stated Maturity or
Maturity or on such last day for conversion or exchange, and no interest shall accrue on the amount payable on such date or at
such time for the period from and after such Interest Payment Date, Stated Maturity, Maturity or last day for conversion or exchange,
as the case may be, to the next succeeding Business Day. If this Indenture provides for a time period that ends or requires performance
of any non-payment obligation by a day that is not a Business Day, then such time period shall instead be deemed to end on, and
such obligation shall instead be performed by, the next succeeding Business Day.

 

	 	Section 1.15	Counterparts

 

This Indenture may be executed in several counterparts, each of
which shall be an original and all of which shall constitute but one and the same instrument.

 

	 	Section 1.16	Judgment Currency

 

The Company agrees, to the fullest extent that it may effectively
do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the
sum due in respect of the principal of, or premium or interest, if any, or 

 

    	 	10	 

     

    

 

Additional Amounts on the Securities of any series (the
“Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”),
the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in
The City of New York the requisite amount of the Required Currency with the Judgment Currency on the New York Banking Day preceding
the day on which a final unappealable judgment is given and (b) its obligations under this Indenture to make payments in the
Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether
or not entered in accordance with clause (a)), in any currency other than the Required Currency, except to the extent that such
tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be
payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose
of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of
the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other
sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday,
Sunday or a Legal Holiday in The City of New York or a day on which banking institutions in The City of New York are authorized
or obligated by law, regulation or executive order to be closed.

 

	 	Section 1.17	Limitation on Individual Liability

 

No recourse under or upon any obligation, covenant or agreement
contained in this Indenture or in any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against
any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor, either
directly or through the Company or any successor, whether by virtue of any constitution, statute or rule of law, or by the enforcement
of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder
are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by,
the incorporators, stockholders, officers or directors, as such, of the Company or any successor, or any of them, because of the
creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in
this Indenture or in any Security or implied therefrom; and that any and all such personal liability of every name and nature,
either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such
incorporator, stockholder, officer or director, as such, because of the creation of the indebtedness hereby authorized, or under
or by reason of the obligations, covenants or agreements contained in this Indenture or in any Security or implied therefrom, are
hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance
of such Security.

 

ARTICLE 2 

 

SECURITIES FORMS 

 

	 	Section 2.1	Forms Generally

 

Each Registered Security and temporary or permanent Global Security
or Definitive Security issued pursuant to this Indenture shall be in the form established by or pursuant to a Board Resolution
and set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto, shall have such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by or pursuant to this Indenture
or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements
placed thereon as may, consistently herewith, be determined by the Officers executing such Security as evidenced by their execution
of such Security.

 

Unless otherwise provided in or pursuant to this Indenture or any
Securities, the Securities shall be issuable in registered form without coupons and shall not be issuable upon the exercise of
warrants.

 

Definitive Securities shall be printed, lithographed or engraved
or produced by any combination of these methods on a steel engraved border or steel engraved borders or may be produced in any
other manner, all as determined by the Officers of the Company executing such Securities, as evidenced by their execution of such
Securities.

 

	 	Section 2.2	Form of Trustee’s Certificate of Authentication

 

Subject to Section 6.12, the Trustee’s certificate of
authentication shall be in substantially the following form:

 

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

 

	 	                                                                              , as Trustee
	 	 	 
	 	By	

	 	 	Authorized Signatory
	 	 
	 	Dated: 

 

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	 	Section 2.3	Securities in Global Form

 

Unless otherwise provided in or pursuant to this Indenture or
any Securities, the Securities shall be issuable in permanent global form. If Securities of a series shall be issuable in
global form, any such Security may provide that it or any number of such Securities shall represent the aggregate amount of
all Outstanding Securities of such series (or such lesser amount as is permitted by the terms thereof) from time to time
endorsed thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time
to time be increased or reduced to reflect exchanges, redemptions or transfer of beneficial interests from one Global
Security to another Global Security. Any endorsement of any Global Security to reflect the amount, or any increase or
decrease in the amount, or changes in the rights of Holders, of Outstanding Securities represented thereby shall be made in
such manner and by such Person or Persons as shall be specified therein or in the Company Order to be delivered pursuant to
Section 3.3 or Section 3.4 with respect thereto. Subject to the provisions of Section 3.3 and, if applicable,
Section 3.4, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and upon
instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant
to Section 3.3 or Section 3.4 has been, or simultaneously is, delivered, any instructions by the Company with
respect to a Global Security shall be in writing but need not be accompanied by or contained in an Officer’s
Certificate and need not be accompanied by an Opinion of Counsel.

 

Notwithstanding the provisions of Section 3.7, unless otherwise
specified in or pursuant to this Indenture or any Securities, payment of principal of, any premium and interest on, and any Additional
Amounts in respect of, any Security in temporary or permanent global form shall be made to the Person or Persons specified therein.

 

Notwithstanding the provisions of Section 3.8 and except as
provided in the preceding paragraph, the Company, the Trustee and any agent of the Company or the Trustee shall treat as the Holder
of such principal amount of Outstanding Securities as is represented by a Global Security in the case of a Global Security in registered
form, the Holder of such Global Security in registered form.

 

Each Global Security shall bear a legend in substantially the following
form (unless otherwise specified by the Depositary):

 

“THIS DEBT SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING
OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS DEBT SECURITY
MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY
OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY
DEBT SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS DEBT SECURITY
SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.”

 

ARTICLE 3 

 

THE SECURITIES 

 

	 	Section 3.1	Amount Unlimited; Issuable in Series

 

The aggregate principal amount of Securities that may be authenticated
and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. With respect to any Securities
to be authenticated and delivered hereunder, there shall be established in or pursuant to a Board Resolution and set forth in an
Officer’s Certificate, or established in one or more indentures supplemental hereto,

 

(1) the title of such Securities and the series, including CUSIP
numbers in which such Securities shall be included;

 

(2) any limit upon the aggregate principal amount of the Securities
of such series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered
upon registration of transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to Section 3.4,
Section 3.5, Section 3.6, Section 9.6 or Section 11.7, upon repayment in part of any Registered Security of
such series pursuant to Article 13 or upon surrender in part of any Registered Security for conversion or exchange into Common
Stock or other securities, cash or other property pursuant to its terms, or pursuant to the terms of such Securities and except
for any Securities, which, pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder);

 

    	 	12	 

     

    

  

(3) if any of such Securities are to be issuable in global form,
when any of such Securities are to be issuable in global form and (i) whether such Securities are to be issued in temporary
or permanent global form or both, (ii) whether beneficial owners of interests in any such Global Security may exchange such
interests for Securities of the same series and of like tenor and of any authorized form and denomination, and the circumstances
under which any such exchanges may occur, if other than in the manner specified in Section 3.5, and (iii) the name of
the Depositary or the U.S. Depositary, as the case may be, with respect to any Global Security;

 

(4) the date as of which any Global Security shall be dated (if
other than the date of original issuance of the first of such Securities to be issued);

 

(5) the date or dates, or the method or methods, if any, by which
such date or dates shall be determined, on which the principal and premium, if any, of such Securities is payable;

 

(6) the rate or rates at which such Securities shall bear interest,
if any, or the method or methods, if any, by which such rate or rates are to be determined, the date or dates, if any, from which
such interest shall accrue or the method or methods, if any, by which such date or dates are to be determined, the Interest Payment
Dates, if any, on which such interest shall be payable and the Regular Record Date, if any, for the interest payable on Registered
Securities on any Interest Payment Date, whether and under what circumstances Additional Interest on such Securities or any of
them shall be payable, whether and under what circumstances Additional Amounts on such Securities or any of them shall be payable,
the notice, if any, to Holders regarding the determination of interest on a floating rate Security and the manner of giving such
notice, and the basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day months;

 

(7) if in addition to or other than the Borough of Manhattan, The
City of New York, the place or places where the principal of, any premium and interest on or any Additional Amounts with respect
to such Securities shall be payable, any of such Securities that are Registered Securities may be surrendered for registration
of transfer or exchange, any of such Securities may be surrendered for conversion or exchange and notices or demands to or upon
the Company in respect of such Securities and this Indenture may be served, the extent to which, or the manner in which, any interest
payment or Additional Amounts on a Global Security on an Interest Payment Date, will be paid and the manner in which any principal
of or premium, if any, on any Global Security will be paid;

 

(8) whether any of such Securities are to be redeemable at the option
of the Company and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the
other terms and conditions upon which such Securities may be redeemed, in whole or in part, at the option of the Company;

 

(9) whether the Company is obligated to redeem or purchase any of
such Securities pursuant to any sinking fund or analogous provision or at the option of any Holder thereof and, if so, the date
or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which
such Securities shall be redeemed or purchased, in whole or in part, pursuant to such obligation, and any provisions for the remarketing
of such Securities so redeemed or purchased;

 

(10) the denominations in which any of such Securities that are
Registered Securities shall be issuable if other than denominations of $1,000 and any multiple of $1,000 in excess thereof;

 

(11) whether the Securities of the series will be convertible into
shares of Common Stock and/or exchangeable for other securities, cash or other property of the Company or of any other Person,
and if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, and any deletions from or
modifications or additions to this Indenture to permit or to facilitate the issuance of such convertible or exchangeable Securities
or the administration thereof;

 

(12) if other than the principal amount thereof, the portion of
the principal amount of any of such Securities that shall be payable upon declaration of acceleration of the Maturity thereof pursuant
to Section 5.2 or the method by which such portion is to be determined;

 

(13) if other than Dollars, the Foreign Currency in which payment
of the principal of, any premium or interest on or any Additional Amounts with respect to any of such Securities shall be payable;

 

    	 	13	 

     

    

  

(14) if the principal of, any premium or interest on or any Additional
Amounts with respect to any of such Securities are to be payable, at the election of the Company or a Holder thereof or otherwise,
in Currency other than that in which such Securities are stated to be payable, the date or dates on which, the period or periods
within which, and the other terms and conditions upon which, such election may be made, and the time and manner of determining
the exchange rate between the Currency in which such Securities are stated to be payable and the Currency in which such Securities
or any of them are to be paid pursuant to such election, and any deletions from or modifications of or additions to the terms of
this Indenture to provide for or to facilitate the issuance of Securities denominated or payable, at the election of the Company
or a Holder thereof or otherwise, in a Foreign Currency;

 

(15) whether the amount of payments of principal of, any premium
or interest on or any Additional Amounts with respect to such Securities may be determined with reference to an index, formula,
financial or economic measure or other method or methods (which index, formula, measure or method or methods may be based, without
limitation, on one or more Currencies, commodities, equity indices or other indices), and, if so, the terms and conditions upon
which and the manner in which such amounts shall be determined and paid or be payable;

 

(16) any deletions from, modifications of or additions to the Events
of Default or covenants of the Company with respect to any of such Securities, whether or not such Events of Default or covenants
are consistent with the Events of Default or covenants set forth herein;

 

(17) whether either or both of Section 4.2(2) relating to defeasance
or Section 4.2(3) relating to covenant defeasance shall not be applicable to the Securities of such series, and any covenants
relating to the Securities of such series which shall be subject to covenant defeasance, and, if the Securities of such series
are subject to repurchase or repayment at the option of the Holders thereof, whether the Company’s obligation to repurchase
or repay such Securities will be subject to defeasance or covenant defeasance, and any deletions from, or modifications or additions
to, the provisions of Article 4 in respect of the Securities of such series;

 

(18) whether any of such Securities are to be issuable upon the
exercise of warrants, and the time, manner and place for such Securities to be authenticated and delivered;

 

(19) if there is more than one Trustee or a Trustee other than ,
the identity of the Trustee and, if not the Trustee, the identity of each Security Registrar, Paying Agent or Authenticating Agent
with respect to such Securities;

 

(20) whether the Securities are senior or subordinated debt securities,
and if subordinated debt securities, the terms of such subordination;

 

(21) whether the Securities of the series will be guaranteed by
any Persons and, if so, the identity of such Persons, the terms and conditions upon which such Securities shall be guaranteed and,
if applicable, the terms and conditions upon which such guarantees may be subordinated to other indebtedness of the respective
guarantors and may be released;

 

(22) whether the Securities of the series will be secured by any
collateral and, if so, the terms and conditions upon which such Securities shall be secured and, if applicable, upon which such
liens may be subordinated to other liens securing other indebtedness of the Company or any guarantor and may be released; and

 

(23) any other terms of such Securities and any deletions from or
modifications or additions to this Indenture in respect of such Securities.

 

All Securities of any one series shall be substantially identical
except as to denomination and except as may otherwise be provided by the Company in or pursuant to the Board Resolution and set
forth in the Officer’s Certificate or in any indenture or indentures supplemental hereto pertaining to such series of Securities.
The terms of the Securities of any series may provide, without limitation, that the Securities of such series shall be authenticated
and delivered by the Trustee on original issue from time to time in accordance with such procedures as are acceptable to the Trustee
(including authentication and delivery by the Trustee on original issue from time to time upon telephonic or written order of persons
designated in the Officer’s Certificate or supplemental indenture (telephonic instructions to be promptly confirmed in writing
by such person) and that such persons are authorized to determine, consistent with such Officer’s Certificate or any applicable
supplemental indenture, such terms and conditions of the Securities of such series as are specified in such Officer’s Certificate
or supplemental indenture). All Securities of any one series need not be issued at the same time and, unless otherwise so provided
by the Company, a series may be reopened for issuances of additional Securities of such series or to establish additional terms
of such series of Securities. If any of the terms of the Securities of any series shall be established by action taken by or pursuant
to a Board Resolution, the Board Resolution shall be delivered to the Trustee at or prior to the delivery of the Officer’s
Certificate setting forth the terms of such series.

 

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	 	Section 3.2	Currency; Denominations

 

Unless otherwise provided in or pursuant to this Indenture or any
Security, the principal of, any premium and interest on and any Additional Amounts with respect to, the Securities shall be payable
in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated in Dollars shall be issuable
in registered form without coupons in denominations of $1,000 or any integral multiple of $1,000 in excess thereof. Securities
not denominated in Dollars shall be issuable in such denominations as are established with respect to such Securities in or pursuant
to this Indenture.

 

	 	Section 3.3	Execution; Authentication; Delivery and Dating

 

Securities shall be executed on behalf of the Company by any Officer
of the Company. The signature of any such Officer on the Securities may be manual or facsimile.

 

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

 

At any time and from time to time after the execution and delivery
of this Indenture, the Company may deliver Securities, executed by the Company, to the Trustee for authentication and, provided
that the Board Resolution and Officer’s Certificate or supplemental indenture or indentures with respect to such Securities
referred to in Section 3.1 and a Company Order for the authentication and delivery of such Securities have been delivered
to the Trustee, the Trustee in accordance with the Company Order and subject to the provisions hereof and of such Securities shall
authenticate and deliver such Securities. In authenticating such Securities, and accepting the additional responsibilities under
this Indenture in relation to such Securities, the Trustee shall be provided with, and (subject to Sections 315(a) through 315(d)
of the Trust Indenture Act) shall be fully protected in relying upon an Opinion of Counsel and an Officer’s Certificate that
contain the statements required by Section 1.2.

 

The Trustee shall not be required to authenticate such Securities
if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under
the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee.

 

Notwithstanding the provisions of Section 3.1 and of the preceding
paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the
Officer’s Certificate or Company Order otherwise required pursuant to such preceding paragraph at or prior to the authentication
of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the
first Security of such series to be issued. This paragraph shall not be applicable to Securities of a series that are issued as
part of a reopening pursuant to the last paragraph of Section 3.1.

 

Each Registered Security shall be dated the date of its authentication.

 

No Security shall be entitled to any benefit under this Indenture
or be valid or obligatory for any purpose, unless there appears on such Security a certificate of authentication substantially
in the form provided for in Section 2.2 or Section 6.12 executed by or on behalf of the Trustee or by the Authenticating
Agent by the manual signature of one of its authorized signatories. Such certificate upon any Security shall be conclusive evidence,
and the only evidence, that such Security has been duly authenticated and delivered hereunder.

 

Notwithstanding the foregoing, if any Security shall have been authenticated
and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for
cancellation as provided in Section 3.9, for all purposes of this Indenture such Security shall be deemed never to have been
authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture.

 

	 	Section 3.4	Temporary Securities

 

Pending the preparation of Definitive Securities, the Company may
execute and deliver to the Trustee and, upon Company Order, the Trustee shall authenticate and deliver, in the manner provided
in Section 3.3, temporary Securities in lieu thereof which are printed, lithographed, typewritten, mimeographed or otherwise
produced, in any authorized denomination, substantially of the tenor of the Definitive Securities in lieu of which they are issued,
in registered form and with such appropriate insertions, omissions, substitutions and other variations as the Officers of the Company
executing such Securities may determine, as conclusively evidenced by their execution of such Securities. Such temporary Securities
may be in the form of Global Securities.

 

Except in the case of temporary Global Securities, which shall be
exchanged in accordance with the provisions thereof, if temporary Securities are issued, the Company shall cause Definitive Securities
to be prepared without unreasonable delay. After the preparation of Definitive Securities of the same series and containing terms
and provisions that are identical to those of any temporary Securities, such temporary Securities shall be exchangeable for such
Definitive Securities upon surrender of such temporary Securities at an Office or Agency for such Securities, without charge to
any Holder thereof. Upon surrender for cancellation of any one or more temporary Securities, the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Securities of authorized denominations
of the same series and containing identical terms and provisions. Unless otherwise provided in or pursuant to this Indenture with
respect to a temporary Global Security, until so exchanged the temporary Securities of any series shall in all respects be entitled
to the same benefits under this Indenture as Definitive Securities of such series.

 

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	 	Section 3.5	Registration; Transfer and Exchange

 

With respect to the Registered Securities of each series, if any,
the Company shall cause to be kept a register (each such register being herein sometimes referred to as the “Security
Register”) at an Office or Agency for such series in which, subject to such reasonable regulations as it may prescribe,
the Company shall provide for the registration of the Registered Securities of such series and of transfers of the Registered Securities
of such series.

 

Such Office or Agency shall be the “Security Registrar”
or “Registrar” for that series of Securities. Unless otherwise specified in or pursuant to this Indenture or
the Securities, the Trustee shall be the initial Security Registrar for each series of Securities. The Company shall have the right
to remove and replace from time to time the Security Registrar for any series of Securities; provided that no such removal or replacement
shall be effective until a successor Security Registrar with respect to such series of Securities shall have been appointed by
the Company and shall have accepted such appointment by the Company. In the event that the Trustee shall not be or shall cease
to be Security Registrar with respect to a series of Securities, it shall have the right to examine the Security Register for such
series at all reasonable times. There shall be only one Security Register for each series of Securities.

 

A Global Security may not be transferred as a whole except by the
Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary,
or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. Notwithstanding the
foregoing, except as may be provided pursuant to Section 3.1, any Global Security or any beneficial interest therein shall
be exchangeable for Definitive Securities only if (i) the Depositary is at any time unwilling, unable or ineligible to continue
as Depositary and a successor Depositary is not appointed by the Company within 90 days of the date the Company is so informed
in writing, (ii) the Depositary ceases to be a clearing agency registered under the Exchange Act, (iii) the Company (subject
to the Applicable Procedures) executes and delivers to the Trustee a Company Order to the effect that such Global Security shall
be so exchangeable or (iv) an Event of Default has occurred and is continuing with respect to such Securities. If the holder
of a Global Security or the beneficial owners of interests in a Global Security are entitled to exchange such interests for Definitive
Securities as the result of an event specified in clause (i), (ii), (iii) or (iv) of the preceding sentence, the Company
shall promptly make available to the Trustee Definitive Securities in such form and denominations as are required by or pursuant
to this Indenture, and of the same series, containing identical terms and in aggregate principal amount equal to the principal
amount of such Global Security, executed by the Company. Such Global Security shall be surrendered from time to time by the U.S.
Depositary or such other Depositary as shall be specified in the Company Order with respect thereto, and in accordance with instructions
given to the Trustee and the U.S. Depositary or such other Depositary, as the case may be (which instructions shall be in writing
but need not be contained in or accompanied by an Officer’s Certificate or be accompanied by an Opinion of Counsel), as shall
be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged,
in whole or in part, for Definitive Securities as described above without charge. The Trustee shall authenticate and make available
for delivery, in exchange for each portion of such surrendered Global Security, a like aggregate principal amount of Definitive
Securities of the same series of authorized denominations and of like tenor as the portion of such Global Security to be exchanged;
provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection
of Securities of the same series to be redeemed and ending on the relevant Redemption Date. Promptly following any such exchange
in part, such Global Security shall be returned by the Trustee to such Depositary or the U.S. Depositary, as the case may be, or
such other Depositary or U.S. Depositary referred to above in accordance with the instructions of the Company referred to above.
If a Registered portion of a Global Security is exchanged for Definitive Registered Securities after the close of business at the
Office or Agency for such Security where such exchange occurs on or after (i) any Regular Record Date for such Security and
before the opening of business at such Office or Agency on the next Interest Payment Date, or (ii) any Special Record Date
for such Security and before the opening of business at such Office or Agency on the related proposed date for payment of interest
or Defaulted Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment,
as the case may be, in respect of such Definitive Registered Security, but shall be payable on such Interest Payment Date or proposed
date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such Global Security shall
be payable in accordance with the provisions of this Indenture.

 

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The transfer and exchange of beneficial interests in the Global
Securities shall be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures.
Transfers and exchanges of beneficial interests in the Global Securities also shall require compliance with either subparagraph
(1) or (2) below, as applicable, as well as one or more of the other following paragraphs, as applicable:

 

(1) Beneficial interests in any Global Security may be transferred
to Persons who take delivery thereof in the form of a beneficial interest in the same Global Security. No written orders or instructions
shall be required to be delivered to the Registrar to effect the transfers described in this subparagraph (1).

 

(2) In connection with the transfer or exchange of beneficial interests
in any Global Security to Persons who take delivery thereof in the form of a beneficial interest in a different Global Security,
the transferor of such beneficial interest must deliver to the Registrar (i) an order from a Participant or an Indirect Participant
given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited
a beneficial interest in another Global Security in an amount equal to the beneficial interest to be transferred or exchanged and
(ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests
in Global Securities contained in this Indenture and such Securities or otherwise applicable under the Securities Act, the Trustee
shall adjust the principal amount of the relevant Global Security(s) pursuant to this paragraph.

 

If any Holder of a beneficial interest in a Global Security proposes
to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery
thereof in the form of a Definitive Security in the event of the occurrence of any of the conditions set forth in the third paragraph
of this Section 3.5, then, upon delivery to the Registrar of (i) an order from a Participant or an Indirect Participant
given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive
Security in an amount equal to the beneficial interest to be transferred or exchanged and (ii) instructions given by the Depositary
to the Registrar containing information regarding the Person in whose name such Definitive Security shall be registered to effect
the transfer or exchange referred to in clause (i), the Trustee shall cause the aggregate principal amount of the applicable Global
Security to be reduced accordingly as described below, and the Company shall execute and, upon receipt of a Company Order pursuant
to Section 3.3, the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Security
in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest pursuant to this paragraph
shall be registered in such name or names and in such authorized denomination or denominations as the Holder of such beneficial
interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The
Trustee shall deliver such Definitive Securities to the Persons in whose names such Securities are so registered.

 

A Holder of a Definitive Security may exchange such Security for
a beneficial interest in a Global Security or transfer such Definitive Securities to a Person who takes delivery thereof in the
form of a beneficial interest in a Global Security at any time. Upon receipt of a request for such an exchange or transfer, the
Trustee shall cancel the applicable Definitive Security and increase or cause to be increased the aggregate principal amount of
the applicable Global Security.

 

At the option of the Holder, Definitive Securities of any series
may be exchanged for other Definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate
principal amount, upon surrender of the Definitive Securities to be exchanged at an Office or Agency. Whenever any Definitive Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Definitive Securities
which the Holder making the exchange is entitled to receive.

 

Upon request by a Holder of Definitive Securities and such Holder’s
compliance with the provisions of this paragraph, the Registrar shall register the transfer or exchange of Definitive Securities.
Prior to such registration of transfer or exchange, the requesting Holder shall present or surrender to the Registrar the Definitive
Securities duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed
by such Holder or by its attorney, duly authorized in writing. A Holder of Definitive Securities may transfer such Securities to
a Person who takes delivery thereof in the form of a Definitive Security. Upon receipt of a request to register such a transfer,
the Registrar shall register the Definitive Securities pursuant to the instructions from the Holder thereof.

 

At such time as all beneficial interests in a particular Global
Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or cancelled
in whole and not in part, each such Global Security shall be returned to or retained and cancelled by the Trustee in accordance
with Section 3.9. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for
or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for
Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and
an endorsement shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect
such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof
in the form of a beneficial interest in another Global Security, the principal amount of Securities represented by such other Global
Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depositary
at the direction of the Trustee to reflect such increase.

 

    	 	17	 

     

    

  

All Securities issued upon any registration of transfer or exchange
of Securities shall be the valid and legally binding obligations of the Company evidencing the same debt and entitling the Holders
thereof to the same benefits under this Indenture as the Securities surrendered upon such registration of transfer or exchange.

 

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

 

No service charge shall be made for any registration of transfer
or exchange, or redemption of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge and any other expenses (including fees and expenses of the Trustee) that may be imposed in connection with any registration
of transfer or exchange of Securities, other than exchanges pursuant to Sections 3.4, 3.6, 9.6 and 11.7 not involving any transfer.

 

Except as otherwise provided in or pursuant to this Indenture, the
Company shall not be required (i) to issue, register the transfer of or exchange any Securities during a period beginning
at the opening of business 15 days before the day of selection of Securities of like tenor and the same series under Section 11.3
for redemption and ending at the close of business on the day of such selection, (ii) to register the transfer of or exchange
any Registered Security so selected for redemption in whole or in part, except in the case of any Security to be redeemed in part,
the portion thereof not to be redeemed, or (iii) to issue, register the transfer of or exchange any Security which, in accordance
with its terms, has been surrendered for repayment or purchase at the option of the Holder, except the portion, if any, of such
Security not to be so repaid.

 

The Registrar shall retain copies of all certificates, notices and
other written communications received pursuant to this Section 3.5. The Company shall have the right to inspect and make copies
of all such certificates, notices or other written communications at any reasonable time upon the giving of reasonable written
notice to the Registrar.

 

All certifications and certificates required to be submitted to
the Registrar pursuant to this Section 3.5 to effect a registration of transfer or exchange may be submitted by facsimile,
with an original of such document to be sent promptly thereafter.

 

	 	Section 3.6	Mutilated, Destroyed, Lost and Stolen Securities

 

If any mutilated Security is surrendered to the Trustee, subject
to the provisions of this Section 3.6, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously
outstanding.

 

If there be delivered to the Company and to the Trustee (i) evidence
to their satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required
by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or to a Responsible
Officer that such Security has been acquired by a “protected purchaser” (as such term is defined in the New York Uniform
Commercial Code), the Company shall execute and, upon the Company’s request the Trustee shall authenticate and deliver, in
exchange for or in lieu of any such destroyed, lost or stolen Security, a new Security of the same series containing identical
terms and of like principal amount and bearing a number not contemporaneously outstanding.

 

Notwithstanding the foregoing provisions of this Section 3.6,
in case any mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its
discretion may, instead of issuing a new Security, pay such Security.

 

Upon the issuance of any new Security under this Section 3.6,
the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

Every new Security issued pursuant to this Section 3.6 in lieu
of any destroyed, lost or stolen Security shall constitute a separate obligation of the Company, whether or not the destroyed,
lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Securities of such series duly issued hereunder.

 

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The provisions of this Section 3.6, as amended or supplemented
pursuant to this Indenture with respect to particular Securities or generally, shall be exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities.

 

	 	Section 3.7	Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved

 

Unless otherwise provided in or pursuant to this Indenture, any
interest on and any Additional Amounts with respect to, any Registered Security that shall be payable, and are punctually paid
or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor
Securities) is registered as of the close of business on the Regular Record Date for such interest.

 

Unless otherwise provided in or pursuant to this Indenture, any
interest on and any Additional Amounts with respect to, any Registered Security that shall be payable, but shall not be punctually
paid or duly provided for, on any Interest Payment Date for such Registered Security (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the Holder thereof on the relevant Regular Record Date by virtue of having been such Holder;
and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

 

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

 

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

 

Unless otherwise provided in or pursuant to this Indenture or the
Securities of any particular series pursuant to the provisions of this Indenture, at the option of the Company, interest on Registered
Securities that bear interest may be paid by wire transfer in immediately available funds if the Holder of the Registered Security
has provided to the Company and the Trustee wire instructions at least five Business Days prior to the applicable payment date
or by check mailed to the address of that Holder as it appears on the books of the Securities Registrar if that Holder has not
provided wire instructions; provided that any payment of principal (or premium, if any) in respect of any Security will be made
only upon presentation and surrender of such Security at the applicable Office or Agency.

 

Subject to the foregoing provisions of this Section 3.7 and
Section 3.5, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of
any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

 

In the case of any Registered Security of any series that is convertible,
which Registered Security is converted after any Regular Record Date and on or prior to the immediately succeeding Interest Payment
Date (other than any Registered Security with respect to which the Maturity is prior to such Interest Payment Date), interest on
such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion, and such interest (whether
or not punctually paid or duly provided for) shall be paid to the Person in whose name that Registered Security (or one or more
predecessor Registered Securities) is registered at the close of business on such Regular Record Date. Except as otherwise expressly
provided in the immediately preceding sentence, in the case of any Registered Security which is converted, interest with respect
to which the Stated Maturity is after the date of conversion of such Registered Security shall not be payable.

 

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	 	Section 3.8	Persons Deemed Owners

 

Prior to due presentment of a Registered Security for registration
of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Registered
Security is registered in the Security Register as the owner of such Registered Security for the purpose of receiving payment of
principal of, any premium and (subject to Section 3.5 and Section 3.7) interest on and any Additional Amounts with respect
to, such Registered Security and for all other purposes whatsoever, whether or not any payment with respect to such Registered
Security shall be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by
notice to the contrary.

 

No holder of any beneficial interest in any Global Security held
on its behalf by a Depositary shall have any rights under this Indenture with respect to such Global Security, and such Depositary
may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the owner of such Global Security for
all purposes whatsoever. None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility
or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global
Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

 

	 	Section 3.9	Cancellation

 

All Securities surrendered for payment, redemption, registration
of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than
the Trustee, be delivered to the Trustee, and any such Securities, as well as Securities surrendered directly to the Trustee for
any such purpose, shall be cancelled promptly by the Trustee. The Company may at any time deliver to the Trustee for cancellation
any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and
all Securities so delivered shall be cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or in exchange
for any Securities cancelled as provided in this Section 3.9, except as expressly permitted by or pursuant to this Indenture.
All cancelled Securities held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures.

 

	 	Section 3.10	Computation of Interest

 

Except as otherwise provided in or pursuant to this Indenture, or
in any Security, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months.

 

	 	Section 3.11	CUSIP and ISIN Numbers

 

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

 

ARTICLE 4 

 

SATISFACTION AND DISCHARGE OF INDENTURE 

 

	 	Section 4.1	Satisfaction and Discharge

 

Upon the direction of the Company by a Company Order, this Indenture
shall cease to be of further effect with respect to any series of Securities specified in such Company Order and the Trustee, on
receipt of a Company Order, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge
of this Indenture as to such series, when

 

    	 	20	 

     

    

  

(1) either

 

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

 

(b) all Securities of such series not theretofore delivered to the
Trustee for cancellation:

 

(i) have become due and payable, or

 

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

 

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

 

and the Company, in the case of (i), (ii) or (iii) above,
has deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose, (x) money in an amount
or (y) Government Obligations that through the payment of interest and principal in respect thereof in accordance with their
terms will provide, not later than one day before the due date of any payment, in the opinion of a nationally recognized Independent
Registered Public Accounting Firm expressed in a written certification thereof delivered to the Trustee, money in the amount, or
(z) a combination of (x) and (y) in an amount in the Currency in which such series of Securities are payable sufficient
to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, including
the principal of, any premium and interest on, and any Additional Amounts with respect to such Securities then determinable, to
the date of such deposit (in the case of Securities which have become due and payable) or to the Maturity thereof, as the case
may be;

 

(2) the Company has paid or caused to be paid all other sums payable
hereunder by the Company with respect to the Outstanding Securities of such series; and

 

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

 

In the event there are Securities of two or more series hereunder,
the Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture only if requested
to do so with respect to Securities of such series as to which it is Trustee and if the other conditions thereto are met.

 

Notwithstanding the satisfaction and discharge of this Indenture
with respect to any series of Securities, the obligations of the Company to the Trustee under Section 6.7, the obligations
of the Trustee under Section 4.3, if money, Government Obligations or a combination thereof shall have been deposited with
the Trustee pursuant to subclause (b) of clause (1) of this Section 4.1, the obligations of the Company and the
Trustee with respect to the Securities of such series under Section 3.4, Section 3.5, Section 3.6, Section 10.2
and Section 10.3, and the obligations of the Company with respect to the payment of Additional Amounts, if any, with respect
to such Securities as contemplated by Section 10.4 (but only to the extent that the Additional Amounts payable with respect
to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.1(1)(b)), and with
respect to any rights to convert or exchange such Securities into Common Stock or other securities, cash or other property shall
survive such satisfaction and discharge.

 

	 	Section 4.2	Defeasance and Covenant Defeasance

 

(1) Unless pursuant to Section 3.1, either or both of (i) defeasance
of the Securities of a series under clause (2) of this Section 4.2 shall not be applicable with respect to the Securities
of such series or (ii) covenant defeasance of the Securities of a series under clause (3) of this Section 4.2 shall
not be applicable with respect to the Securities of such series, then such provisions, together with the other provisions of this
Section 4.2 (with such modifications thereto as may be specified pursuant to Section 3.1 with respect to any Securities),
shall be applicable to such Securities, and the Company may at its option by Board Resolution, at any time, with respect to such
Securities, elect to have Section 4.2(2) or Section 4.2(3) be applied to such Outstanding Securities upon compliance
with the conditions set forth below in this Section 4.2.

 

    	 	21	 

     

    

  

(2) Upon the Company’s exercise of the above option applicable
to this Section 4.2(2) with respect to any Securities of or within a series, the Company shall be deemed to have been discharged
from its obligations with respect to such Outstanding Securities on the date the conditions set forth in clause (4) of this
Section 4.2 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the
Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities, which shall
thereafter be deemed to be “Outstanding” only for the purposes of the Sections of this Indenture referred to in clauses
(i) and (ii) below, and to have satisfied all of its other obligations under such Securities and this Indenture insofar
as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging
the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights
of Holders of such Outstanding Securities to receive, solely from the trust fund described in clause (4) of this Section 4.2
and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any,
on, and Additional Amounts, if any, with respect to, such Securities when such payments are due, and any rights of such Holder
to convert or exchange such Securities into Common Stock or other securities, cash or other property, (ii) the obligations
of the Company and the Trustee with respect to such Securities under Section 3.4, Section 3.5, Section 3.6, Section 10.2
and Section 10.3 and the obligations of the Company with respect to the payment of Additional Amounts, if any, on such Securities
as contemplated by Section 10.4 (but only to the extent that the Additional Amounts payable with respect to such Securities
exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.2(4)(a) below), and with respect to
any rights to convert or exchange such Securities into Common Stock or other securities, cash or other property, (iii) the
rights, powers, trusts, duties and immunities of the Trustee hereunder and (iv) this Section 4.2. The Company may exercise
its option under this Section 4.2(2) notwithstanding the prior exercise of its option under clause (3) of this Section 4.2
with respect to such Securities.

 

(3) Upon the Company’s exercise of the above option applicable
to this Section 4.2(3) with respect to any Securities of or within a series, (i) the Company shall be released from its
obligations to comply with any term, provision or condition under Section 8.1 with respect to such Securities (and, to the
extent specified pursuant to Section 3.1, any other restrictive covenant added for the benefit of such Securities) and (ii) unless
otherwise specified pursuant to Section 3.1, the occurrence of any event specified in Section 5.1(7) shall not be deemed
to be an Event of Default, in each case on and after the date the conditions set forth in clause (4) of this Section 4.2
are satisfied (hereinafter, “covenant defeasance”), and such Securities shall thereafter be deemed to be not
“Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences
of any thereof) in connection with any such covenant, but shall continue to be deemed “Outstanding” for all other purposes
hereunder. For this purpose, such covenant defeasance means that, with respect to such Outstanding Securities, the Company may
omit to comply with, and shall have no liability in respect of, any term, condition or limitation set forth in any such covenant,
whether directly or indirectly, by reason of any reference elsewhere herein to any covenant or by reason of reference in any such
covenant to any other provision herein or in any other document and such omission to comply shall not constitute a default or an
Event of Default under Section 5.1(4), Section 5.1(7) or otherwise, as the case may be, insofar as it relates to Section 8.1
and, to the extent specified pursuant to Section 3.1, any other restrictive covenant added for the benefit of such Security,
but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby; provided that
the obligations of the Company with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by
Section 10.4 shall remain unsatisfied only to the extent that the Additional Amounts payable with respect to such Securities
exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.2(4)(a) below; provided, further,
that notwithstanding a covenant defeasance with respect to Section 8.1, any Person to whom a sale, assignment, transfer, lease,
conveyance or other disposition is made pursuant to Section 8.1, shall as a condition to such sale, assignment, transfer,
lease, conveyance or other disposition, assume by an indenture supplemental hereto in form satisfactory to the Trustee, executed
by such successor Person and delivered to the Trustee, the obligations of the Company to the Trustee under Section 6.7 and
the second to the last paragraph of Section 4.2.

 

(4) The following shall be the conditions to the application of
clause (2) or (3) of this Section 4.2 to any Outstanding Securities of a series:

 

(a) The Company shall irrevocably have deposited or caused to be
deposited with the Trustee (or another trustee satisfying the requirements of Section 6.8 who shall agree to comply with the
provisions of this Section 4.2 applicable to it) as trust funds in trust for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (1) an amount
in Dollars or in such Foreign Currency in which such Securities are then specified as payable at Stated Maturity, or (2) Government
Obligations applicable to such Securities (determined on the basis of the Currency in which such Securities are then specified
as payable at Stated Maturity), which through the scheduled payment of principal and interest in respect thereof in accordance
with their terms will provide, not later than one day before the due date of any payment of principal of (and premium, if any)
and interest, if any, on such Securities, money in an amount, or (3) a combination thereof, in any case, in an amount, sufficient,
without consideration of any reinvestment of such principal and interest, in the opinion of a nationally recognized Independent
Registered Public Accounting Firm expressed in a written certification thereof delivered to the Trustee, to pay and discharge,
and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, (y) the principal of (and premium,
if any) and interest or Additional Amounts then determinable, if any, on such Outstanding Securities at the Maturity of such principal
or installment of principal or interest, provided that the Company shall specify whether such Outstanding Securities are being
defeased to Stated Maturity or to the Redemption Date and (z) any mandatory sinking fund payments or analogous payments applicable
to such Outstanding Securities on the day on which such payments are due and payable in accordance with the terms of this Indenture
and of such Securities.

 

    	 	22	 

     

    

  

(b) Such defeasance or covenant defeasance shall not result in a
breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the
Company is a party or by which it is bound.

 

(c) No Event of Default or event that, with notice or lapse of time
or both, would become an Event of Default with respect to such Securities shall have occurred and be continuing on the date of
such deposit (other than an Event of Default resulting from non-compliance with any covenant from which the Company is released
upon effectiveness of such defeasance or covenant defeasance, as applicable).

 

(d) In the case of an election under clause (2) of this Section 4.2,
the Company shall have delivered to the Trustee an Opinion of Counsel stating that:

 

(i) the Company has received from the Internal Revenue Service a
letter ruling, or there has been published by the Internal Revenue Service a Revenue Ruling, or

 

(ii) since the date of execution of this Indenture, there has been
a change in the applicable federal income tax law,

 

in either case to the effect that, and based thereon such opinion
shall confirm that, subject to customary assumptions and exclusions, the Holders of such Outstanding Securities will not recognize
income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on
the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred.

 

(e) In the case of an election under clause (3) of this Section 4.2,
the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that, subject to customary assumptions and
exclusions, the Holders of such Outstanding Securities will not recognize income, gain or loss for federal income tax purposes
as a result of such covenant defeasance and will be subject to federal income tax on the same amounts, in the same manner and at
the same times as would have been the case if such covenant defeasance had not occurred.

 

(f) The Company shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance or covenant defeasance under
clause (2) or (3) of this Section 4.2 (as the case may be) have been complied with.

 

(g) If the Securities are to be redeemed prior to their Stated Maturity
(other than from mandatory sinking fund payments or analogous payments), notice of such redemption shall have been duly given pursuant
to this Indenture or provision therefor satisfactory to the Trustee shall have been made.

 

(h) Notwithstanding any other provisions of this Section 4.2(4),
such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations
which may be imposed on the Company in connection therewith pursuant to Section 3.1.

 

The Company shall pay and indemnify the Trustee against any tax,
fee or other charge, imposed on or assessed against the Government Obligations deposited pursuant to this Section 4.2 or the
principal or interest received in respect thereof other than any such tax, fee or other charge which by law is for the account
of the Holders of such Outstanding Securities.

 

Anything in this Section 4.2 to the contrary notwithstanding,
the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or Government Obligations (or
other property and any proceeds therefrom) held by it as provided in clause (4) of this Section 4.2 which, in the opinion
of a nationally recognized Independent Registered Public Accounting Firm expressed in a written certification thereof delivered
to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a defeasance or covenant
defeasance, as applicable, in accordance with this Section 4.2.

 

	 	Section 4.3	Application of Trust Money

 

Subject to the provisions of the last paragraph of Section 10.3,
all money and Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely
for purposes of this Section 4.3, the Trustee and any such other trustee are referred to collectively as the “Trustee”)
pursuant to Section 4.1 or Section 4.2 in respect of any Outstanding Securities of any series shall be held in trust
and applied by the Trustee, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly
or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal, premium, if any, interest and Additional Amounts, if any, for whose payment such money has
or Government Obligations have been deposited with or received by the Trustee; but such money and Government Obligations need not
be segregated from other funds except to the extent required by law.

 

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	 	Section 4.4	Qualifying Trustee

 

Any trustee appointed pursuant to Section 4.2 for the purpose
of holding trust funds deposited pursuant to that Section shall be appointed under an agreement in form acceptable to the Trustee
and shall provide to the Trustee a certificate of such trustee, upon which certificate the Trustee shall be entitled to conclusively
rely, that all conditions precedent provided for herein to the related defeasance or covenant defeasance have been complied with.
In no event shall the Trustee be liable for any acts or omissions of said trustee.

 

ARTICLE 5 

 

REMEDIES 

 

	 	Section 5.1	Events of Default

 

“Event of Default,” wherever used herein with
respect to Securities of any series, means any one of the following events (whatever the reason for such Event of Default and whether
it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court
or any order, rule or regulation of any administrative or governmental body), unless such event is specifically deleted or modified
in or pursuant to the supplemental indenture, Board Resolution or Officer’s Certificate establishing the terms of such series
pursuant to this Indenture:

 

(1) default for 30 days in the payment when due of any interest
on or any Additional Amount in respect of any Security of such series;

 

(2) default in the payment of the principal of or any premium on
any Security of such series when the principal or premium becomes due and payable at Maturity;

 

(3) default in the deposit of any sinking fund payment when and
as due by the terms of any Security of such series, subject to any cure period specified in any Security of such series;

 

(4) failure on the part of the Company duly to observe or perform
any other of the covenants or agreements (other than those described in clause (1), (2) or (3) above) on the part of
the Company with respect to that series contained in such Securities or otherwise established with respect to that series of Securities
pursuant to Section 3.1 hereof or contained in this Indenture (other than a covenant or agreement that has been expressly
included in this Indenture solely for the benefit of one or more series of Securities other than such series), other than the covenant
set forth in Section 7.4, and such failure shall continue for a period of 60 days after the date on which written notice of
such failure, requiring the same to be remedied and stating that such notice is a “Notice of Default” shall have been
given to the Company by the Trustee, upon direction of Holders of at least 25% in principal amount of the Outstanding Securities
of that series; provided, however, that if such failure is not capable of cure within such 60-day period, such 60-day period shall
be automatically extended by an additional 60 days so long as (i) such failure is subject to cure, and (ii) the Company
is using commercially reasonable efforts to cure such failure; and provided, further, that a failure to comply with any such other
agreement in the indenture that results from a change in GAAP shall not be deemed to be an Event of Default;

 

(5) a decree or order by a court having jurisdiction in the premises
shall have been entered adjudging the Company bankrupt or insolvent, or approving as properly filed a petition seeking liquidation
or reorganization of the Company under any applicable bankruptcy, insolvency, reorganization or other similar law, and such decree
or order shall have continued unvacated and unstayed for a period of 90 days; an involuntary case shall be commenced under any
applicable bankruptcy, insolvency, reorganization or other similar law in respect of the Company and shall continue undismissed
for a period of 90 days or an order for relief in such case shall have been entered and such order shall have remained in force
unvacated and unstayed for a period of 90 days; or a decree or order of a court having jurisdiction in the premises shall have
been entered for the appointment on the ground of insolvency or bankruptcy of a receiver, custodian, liquidator, trustee or assignee
in bankruptcy or insolvency of the Company or of its property, or for the winding up or liquidation of its affairs, and such decree
or order shall have remained in force unvacated and unstayed for a period of 90 days;

 

(6) the Company shall institute proceedings to be adjudicated a
voluntary bankrupt, shall consent to the filing of a bankruptcy proceeding against it, shall file a petition or answer or consent
seeking liquidation or reorganization under any applicable bankruptcy, insolvency, reorganization or other similar law, shall consent
to the filing of any such petition or shall consent to the appointment on the ground of insolvency or bankruptcy of a receiver
or custodian or liquidator or trustee or assignee in bankruptcy or insolvency of it or of its property, or shall make a general
assignment for the benefit of creditors; or

 

(7) any other Event of Default provided in or pursuant to the Indenture
with respect to Securities of the series, provided that any such Event of Default that results from a change in GAAP shall not
be deemed to be an Event of Default.

 

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	 	Section 5.2	Acceleration of Maturity; Rescission and Annulment

 

If an Event of Default specified in clause (5) or (6) of
the definition thereof above occurs, the principal of all Securities shall automatically become due and payable without further
action or notice, anything contained in this Indenture or the Securities of each series or established with respect to each series
pursuant to Section 3.1 to the contrary notwithstanding. If (a) upon the occurrence and continuance of an Event of Default
specified in clause (1) or (2) of the definition thereof, the Company and the Trustee receive notice in writing that
Holders of not less than 25% in aggregate principal amount of the Outstanding Notes of that series, or (b) upon the occurrence
and continuance of any other Event of Default other than an Event of Default specified in clause (1), (2), (5) and (6) of
the definition thereof, the Company and the Trustee receive notice in writing that Holders of not less than a majority in aggregate
principal amount of the Outstanding Notes of that series, have declared the principal of all Securities of that series to be due
and payable immediately, then upon any such declaration the same shall become and shall be immediately due and payable, anything
contained in this Indenture or in the Securities of that series or established with respect to that series to the contrary notwithstanding.

 

At any time after a declaration of acceleration or automatic acceleration
with respect to the Securities of any series has been made and before a judgment or decree for payment of the money due has been
obtained by the Trustee as hereafter in this Article 5 provided, the Holders of not less than a majority in principal amount of
the Outstanding Securities of such series, by written notice to the Company and the Trustee, may rescind and annul the declaration
or automatic acceleration and its consequences if:

 

(1) the Company has paid or deposited with the Trustee a sum of
money sufficient to pay (A) all overdue installments of interest on all Securities of such series and any Additional Amounts
payable with respect thereto, (B) the principal of and any premium on any Securities of the series which have become due otherwise
than by the declaration of acceleration or automatic acceleration and interest thereon and any Additional Amounts with respect
thereto at the rate or rates borne by or provided in such Securities, (C) interest upon overdue interest at the rate or rates
prescribed therefor in such Securities and (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel; and

 

(2) all Events of Default with respect to Securities of such series,
other than the non-payment of the principal of, any premium and interest on, and any Additional Amounts with respect to, Securities
of such series which shall have become due solely by the acceleration, shall have been cured or waived as provided in Section 5.3.

 

The sole remedy of the Holders for any failure on the part of the
Company to duly observe or perform the covenants and agreements set forth in Section 7.4 shall be the right to receive Additional
Interest if and to the extent required by any Security, under the circumstances specified therein.

 

	 	Section 5.3	Collection of Indebtedness and Suits for Enforcement by Trustee

 

The Company covenants that if:

 

(1) default is made in the payment of any installment of interest
on any Security, or any Additional Amounts payable with respect thereto, when such interest or Additional Amounts shall have become
due and payable and such default continues for any cure period specified with respect to such Security,

 

(2) default is made in the payment of any principal of or premium,
if any, on, or any Additional Amounts payable in respect of any principal of or premium, if any, on any Security at its Maturity;
or

 

(3) default is made in the deposit of any sinking fund payment,
when and as due by the terms of any Security and such default continues for any cure period specified with respect to such Security;

 

the Company shall, upon demand of the Trustee, pay to the Trustee,
for the benefit of the Holders of such Securities, the whole amount of money then due and payable with respect to such Securities,
with interest upon the overdue principal, any premium and, to the extent that payment of such interest shall be legally enforceable,
upon any overdue installments of interest and Additional Amounts at the rate or rates borne by or provided for in such Securities,
and, in addition thereto, such further amount of money as shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts
due to the Trustee under Section 6.7.

 

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

 

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If an Event of Default with respect to the Securities of any series
occurs and is continuing, the Trustee may, and if (A) an Event of Default specified in clause (1), (2), (5) or (6) of
the definition thereof occurs and is continuing, and Holders of not less than 25% in aggregate principal amount of the Outstanding
Securities of such series direct, or (B) an Event of Default other than an Event of Default specified in clause (1), (2),
(5) or (6) of the definition thereof occurs and is continuing, and Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of such series direct, so long as such Holders shall have provided the Trustee with such indemnity
as it shall require and subject to the provisions of Section 5.12, the Trustee shall, proceed to protect and enforce its rights
and the rights of the Holders of Securities of such series by such appropriate judicial proceedings to protect and enforce any
such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or such Securities or in aid of
the exercise of any power granted herein or therein, or to enforce any other proper remedy.

 

	 	Section 5.4	Trustee May File Proofs of Claim

 

In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other
obligor upon the Securities or the property of the Company or such other obligor or their creditors, the Trustee (irrespective
of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand on the Company for the payment of any overdue principal, premium,
interest or Additional Amounts) shall be entitled and empowered, by intervention in such proceeding or otherwise,

 

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

 

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

 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator
or other similar official in any such judicial proceeding is hereby authorized by each Holder of Securities to make such payments
to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders of Securities,
to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel and any other amounts due the Trustee under Section 6.7.

 

Nothing herein contained shall be deemed to authorize the Trustee
to authorize or consent to or accept or adopt on behalf of any Holder of a Security any plan of reorganization, arrangement, adjustment
or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of
the claim of any Holder of a Security in any such proceeding.

 

	 	Section 5.5	Trustee May Enforce Claims without Possession of Securities

 

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

 

	 	Section 5.6	Application of Money Collected

 

Any money collected by the Trustee pursuant to this Article 5 with
respect to Securities of any series shall be applied in the following order, at the date or dates fixed by the Trustee and, in
case of the distribution of such money on account of principal, or any premium, interest or Additional Amounts, upon presentation
of such Securities, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 

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

 

SECOND: To the payment of the amounts then due and unpaid upon such
Securities for principal and any premium, interest and Additional Amounts in respect of which or for the benefit of which such
money has been collected, ratably, without preference or priority of any kind, according to the aggregate amounts due and payable
on such Securities for principal and any premium, interest and Additional Amounts, respectively; and

 

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

 

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	 	Section 5.7	Limitations on Suits

 

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

 

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

 

(2) (a) in the case of an Event of Default specified in clause
(1), (2), (5) and (6) of the definition thereof, Holders of not less than 25%, or (b) in the case of an Event of
Default other than as specified in clause (1), (2), (5) and (6) of the definition thereof, Holders of not less than a
majority, in aggregate principal amount of the Outstanding Securities of such series shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

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

 

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

 

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

 

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

 

	 	Section 5.8	Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts

 

Notwithstanding any other provision in this Indenture, the Holder
of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of, any premium
and (subject to Section 3.5 and Section 3.7) interest on, and any Additional Amounts with respect to, such Security,
on the respective Stated Maturity or Maturities therefor specified in such Security (or, in the case of redemption, on the Redemption
Date or, in the case of repayment at the option of such Holder if provided in or pursuant to this Indenture, on the date such repayment
is due) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent
of such Holder.

 

	 	Section 5.9	Restoration of Rights and Remedies

 

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

 

	 	Section 5.10	Rights and Remedies Cumulative

 

Except as otherwise provided with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.6, no right or remedy herein
conferred upon or reserved to the Trustee or to each and every Holder of a Security is intended to be exclusive of any other right
or remedy, and every right and remedy, to the extent permitted by law, shall be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right
or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of
any other appropriate right or remedy.

 

	 	Section 5.11	Delay or Omission Not Waiver

 

No delay or omission of the Trustee or of any Holder of any Security
to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver
of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article 5 or by law to the Trustee
or to any Holder of a Security may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by
such Holder, as the case may be.

 

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	 	Section 5.12	Control by Holders of Securities

 

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

 

(1) such direction shall not be in conflict with any rule of law
or with this Indenture or with the Securities of any series and would not involve the Trustee in personal liability,

 

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

 

(3) such direction is not unduly prejudicial to the rights of the
other Holders of Securities of such series not joining in such action.

 

	 	Section 5.13	Waiver of Past or Existing Defaults

 

The Holders of not less than a majority in principal amount of the
Outstanding Securities of any series on behalf of the Holders of all the Securities of such series may waive any past or existing
default or Event of Default hereunder with respect to such series and its consequences, except a continuing default:

 

(1) in the payment of the principal of, any premium or interest
on, or any Additional Amounts with respect to, any Security of such series, or

 

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

 

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

 

	 	Section 5.14	Waiver of Stay or Extension Laws

 

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

 

	 	Section 5.15	Undertaking for Costs

 

All parties to this Indenture agree, and each Holder of any Security
by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for
the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted
by it as Trustee, the filing by any party litigant in such suit of any undertaking to pay the costs of such suit, and that such
court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party
litigant in such suit having due regard to the merits and good faith of the claims or defenses made by such party litigant; but
the provisions of this Section 5.15 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder,
or group of Holders, holding in the aggregate more than 10% in principal amount of Outstanding Securities of any series, or to
any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest, if any,
on or Additional Amounts, if any, with respect to any Security on or after the respective Stated Maturities expressed in such Security
(or, in the case of redemption, on or after the Redemption Date, and, in the case of repayment, on or after the date for repayment)
or for the enforcement of the right, if any, to convert or exchange any Security into Common Stock or other securities, cash or
other property in accordance with its terms.

 

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ARTICLE 6 

 

THE TRUSTEE 

 

	 	Section 6.1	Certain Duties and Responsibilities

 

The duties and responsibilities of the Trustee shall be as provided
by the Trust Indenture Act. Except during the continuance of an Event of Default with respect to the Securities of a series of
which a Responsible Officer has actual knowledge, the Trustee undertakes to perform such duties and only such duties as are specifically
set forth in this Indenture with respect to such Securities, and no implied covenants or obligations shall be read into this Indenture
with respect to such Securities against the Trustee. In case an Event of Default of which a Responsible Officer has actual knowledge
with respect to the Securities of a series has occurred (which has not been cured or waived), the Trustee shall exercise the rights
and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, with respect to such Securities,
as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. Notwithstanding
the foregoing, no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers. Whether
or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section 6.1.

 

	 	Section 6.2	Certain Rights of Trustee

 

Subject to the provisions of Section 6.1:

 

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

 

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

 

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

 

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

 

(5) the Trustee shall be under no obligation to exercise any of
the rights or powers vested in it by or pursuant to this Indenture or to institute, conduct or defend any litigation hereunder
or in relation hereto at the request or direction of any of the Holders of Securities of any series pursuant to this Indenture,
unless such Holders shall have

 

offered to the Trustee security or indemnity reasonably satisfactory
to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction;

 

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

 

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

 

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(8) the Trustee shall not be liable in its individual capacity for
any action taken or suffered to be taken, unless it shall be proved that the Trustee was negligent, acted in bad faith or engaged
in willful misconduct;

 

(9) the Authenticating Agent, Paying Agent, and Security Registrar
shall have the same protections as the Trustee set forth hereunder;

 

(10) the Trustee shall not be liable in its individual capacity
with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with this Indenture, and, to
the extent not so provided herein, with respect to any act requiring the Trustee to exercise its own discretion, relating to the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred
upon the Trustee, under this Indenture or any Securities, unless it shall be proved that, in connection with any such action taken,
suffered or omitted or any such act, the Trustee was negligent, acted in bad faith or engaged in willful misconduct;

 

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

 

(12) the Trustee shall not be charged with knowledge or required
to take notice of any default or Event of Default with respect to the Securities unless either (A) a Responsible Officer shall
have actual knowledge of such default or Event of Default or (B) written notice of such default or Event of Default, which
references the Securities and this Indenture, shall have been given to a Responsible Officer by the Company or other obligor on
such Securities or by any Holder of such Securities;

 

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

 

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

 

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

 

(16) the permissive rights of the Trustee to take certain actions
under or perform any discretionary act enumerated in this Indenture shall not be construed as a duty unless so specified herein,
and the Trustee shall not be answerable for other than its negligence or willful misconduct in the performance of such action or
act;

 

(17) the Trustee shall not be liable in its individual capacity
with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with this Indenture or at the
direction of the Holders of a majority in aggregate principal amount of the Outstanding Securities relating to the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or exercising or omitting to exercise any trust
or power conferred upon the Trustee, under this Indenture;

 

(18) in no event shall the Trustee be liable for special, indirect
or consequential loss or damage of any kind whatsoever (including but not limited to lost profits) even if the Trustee has been
advised of the likelihood of such loss or damage and regardless of the form of action; and

 

(19) in no event shall the Trustee be responsible or liable for
any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces
beyond its control, including, without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications
or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent
with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

 

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	 	Section 6.3	Notice of Defaults

 

Within 90 days after the occurrence of any default hereunder with
respect to the Securities of any series of which a Responsible Officer has actual knowledge, the Trustee shall give the Holders
of Securities of such series entitled to receive reports pursuant to Section 7.3, notice of such default hereunder actually
known to a Responsible Officer, unless such default shall have been cured or waived; provided, however, that, except in the case
of a default in the payment of the principal of (or premium, if any), or interest, if any, on, or Additional Amounts or any sinking
fund or purchase fund installment with respect to, any Security of such series, the Trustee shall be protected in withholding such
notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers
in good faith determine that the withholding of such notice is in the best interest of the Holders of Securities of such series;
and provided, further, that in the case of any default of the character specified in Section 5.1(4) with respect to Securities
of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of
this Section, the term “default” means any event that is, or after notice or lapse of time or both would become,
an Event of Default with respect to Securities of such series.

 

	 	Section 6.4	Not Responsible for Recitals or Issuance of Securities

 

The recitals contained herein and in the Securities, except the
Trustee’s certificate of authentication, shall be taken as the statements of the Company, and neither the Trustee nor any
Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity,
sufficiency or priority of this Indenture or of the Securities. Neither the Trustee nor any Authenticating Agent shall be accountable
for the use or application by the Company of the Securities or the proceeds thereof. Except with respect to the authentication
of Securities pursuant to Section 3.3, the Trustee shall not be responsible for the legality or the validity of this Indenture
or any Securities issued or to be issued hereunder.

 

	 	Section 6.5	May Hold Securities

 

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

 

	 	Section 6.6	Money Held in Trust

 

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

 

	 	Section 6.7	Compensation and Reimbursement

 

The Company agrees:

 

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

 

(2) except as otherwise expressly provided herein, to reimburse
the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance
with any provision of this Indenture arising out of or in connection with the acceptance or administration of the trust or trusts
hereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such
expense, disbursement or advance as may be caused by the Trustee’s own negligence or willful misconduct; and

 

(3) to fully indemnify each of the Trustee and any predecessor Trustee
and its agents, officers, directors and employees for, and to hold them harmless against, any loss, liability, damage, claim or
expense (including reasonable legal fees and expenses), including taxes (other than taxes based on the income of the Trustee),
incurred without negligence or willful misconduct on their part, arising out of or in connection with the acceptance or administration
of the trust or trusts hereunder, including the reasonable costs and expenses of defending themselves against any claim or liability
(whether asserted by the Company, a Holder of Securities, or any other Person) in connection with the exercise or performance of
any of their powers or duties hereunder.

 

As security for the performance of the payment obligations of the
Company under this Section 6.6, the Trustee shall have a lien prior to the Securities of any series upon all property and
funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of, and premium or interest
on, or any Additional Amounts with respect to, particular Securities. Such lien shall survive the resignation or removal of the
Trustee and the satisfaction and discharge of this Indenture. Without prejudice to any other rights available to the Trustee under
applicable law, when the Trustee incurs expenses or renders services after a default or Event of Default specified in Section 5.1(5)
and 5.1(6) hereof occurs, the expenses and the compensation for the services (including the fees and expense of its agents and
counsel) are intended to constitute expense of administration under U.S. Code, Title 11 or any other similar foreign, federal or
state law for the relief of debtors.

 

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Without prejudice to any other rights available to the Trustee under
applicable law, to the extent permitted by law any compensation or expense incurred by the Trustee after a default specified in
or pursuant to Section 5.1 is intended to constitute an expense of administration under any then applicable bankruptcy or
insolvency law. “Trustee” for purposes of this Section 6.7 shall include any predecessor Trustee but the
negligence or willful misconduct of any Trustee shall not affect the rights of any other Trustee under this Section 6.7.

 

Notwithstanding any other provision of this Indenture to the contrary,
in no event shall the Trustee be liable for special, indirect or consequential damages of any kind whatsoever (including but not
limited to lost profits) even if the Trustee had been advised of the likelihood of such loss or damage and regardless of the form
of action.

 

The provisions of this Section 6.7 shall survive the satisfaction
and discharge of this Indenture or the earlier resignation or removal of the Trustee and shall apply with equal force and effect
to the Trustee in its capacity as Authenticating Agent, Paying Agent or Security Registrar.

 

	 	Section 6.8	Corporate Trustee Required; Eligibility; Conflicting Interests

 

There shall at all times be a Trustee hereunder that is a Corporation
or a national banking association, organized and doing business under the laws of the United States of America, any state thereof
or the District of Columbia, eligible under Section 310(a)(1) of the Trust Indenture Act to act as trustee under an indenture
qualified under the Trust Indenture Act and that has a combined capital and surplus (computed in accordance with Section 310(a)(2)
of the Trust Indenture Act) of at least $50,000,000 subject to supervision or examination by federal or state authority. If at
any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.8, it shall resign immediately
in the manner and with the effect hereinafter specified in this Article 6.

 

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

 

	 	Section 6.9	Resignation and Removal; Appointment of Successor

 

(1) No resignation or removal of the Trustee and no appointment
of a successor Trustee pursuant to this Article 6 shall become effective until the acceptance of appointment by the successor Trustee
pursuant to Section 6.10.

 

(2) The Trustee may resign at any time with respect to the Securities
of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required
by Section 6.10 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation,
the resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a
successor Trustee with respect to such series.

 

(3) The Trustee may be removed at any time with respect to the Securities
of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to
the Trustee and the Company. If the instrument of acceptance by a successor Trustee required by Section 6.10 shall not have
been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being removed may petition,
at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to such
series. The Trustee for one or more series of Securities may be removed by the Company, so long as no default or Event of Default
has occurred and is continuing with respect to such series.

 

(4) If at any time:

 

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

 

(b) the Trustee shall cease to be eligible under Section 6.8
and shall fail to resign after written request therefor by the Company or any such Holder, or

 

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

 

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		(i)	the Company, by or pursuant
to a Company Order, may remove the Trustee with respect to all Securities or the Securities of such series, or

 

		(ii)	subject to Section 5.15,
any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect
to all Securities of such series and the appointment of a successor Trustee or Trustees.

 

(5) If the Trustee shall resign, be removed or become incapable
of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series,
the Company, by or pursuant to a Company Order, shall promptly appoint a successor Trustee or Trustees with respect to the Securities
of such series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more
or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series)
and shall comply with the applicable requirements of Section 6.10. If, within one year after such resignation, removal or
incapacity, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed
by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and
the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance
with the applicable requirements of Section 6.10, become the successor Trustee with respect to the Securities of such series
and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities
of any series shall have been so appointed by the Company or the Holders of Securities and accepted appointment in the manner required
by Section 6.10, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months
may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of
a successor Trustee with respect to the Securities of such series.

 

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

 

(7) In no event shall any retiring Trustee be liable for the acts
or omissions of any successor Trustee hereunder.

 

	 	Section 6.10	Acceptance of Appointment by Successor

 

(1) Upon the appointment hereunder of any successor Trustee with
respect to all Securities, such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and the retiring
Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become
effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties hereunder of the retiring Trustee; but, on the request of the Company or such successor Trustee, such retiring
Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such successor Trustee all the rights,
powers and trusts of the retiring Trustee and, subject to Section 10.3, shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its lien, if any, provided for
in Section 6.7.

 

(2) Upon the appointment hereunder of any successor Trustee with
respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and such successor Trustee shall
execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (a) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, such successor Trustee all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, (b) if the retiring Trustee is not retiring with respect to all Securities,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring
and shall continue to be vested in the retiring Trustee and (c) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust,
that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee and that no Trustee shall be responsible for any notice given to, or received by, or any act or failure
to act on the part of any other Trustee hereunder, and, upon the execution and delivery of such supplemental indenture, the resignation
or removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall have no further
responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee
under this Indenture with respect to the Securities of that or those series to which the appointment of such successor Trustee
relates other than as hereinafter expressly set forth, and such successor Trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that
or those series to which the appointment of such successor Trustee relates; but, on request of the Company or such successor Trustee,
such retiring Trustee, upon payment of its charges with respect to the Securities of that or those series to which the appointment
of such successor Trustee relates and subject to Section 10.3 shall duly assign, transfer and deliver to such successor Trustee,
to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with
respect to the Securities of that or those series to which the appointment of such successor Trustee relates, subject to its lien,
if any, provided for in Section 6.7.

 

    	 	33	 

     

    

  

(3) Upon request of any Person appointed hereunder as a successor
Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor
Trustee all such rights, powers and trusts.

 

(4) No Person shall accept its appointment hereunder as a successor
Trustee unless at the time of such acceptance such successor Person shall be qualified and eligible under this Article 6.

 

	 	Section 6.11	Merger; Conversion; Consolidation; or Succession to Business

 

Any Corporation or national banking association into which the Trustee
may be merged or converted or with which it may be consolidated, or any Corporation or national banking association resulting from
any merger, conversion or consolidation to which the Trustee shall be a party, or any Corporation or national banking association
succeeding to all or substantially all of the corporate trust business of the Trustee by sale or otherwise, shall be the successor
of the Trustee hereunder, provided such Corporation or national banking association shall otherwise be qualified and eligible under
this Article 6, in each case without the execution or filing of any paper or any further act on the part of any of the parties
hereto. In case any Securities shall have been authenticated but not delivered by the Trustee then in office, any successor by
merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so
authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.

 

	 	Section 6.12	Appointment of Authenticating Agent

 

The Trustee may appoint one or more Authenticating Agents acceptable
to the Company with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate
Securities of that or those series issued upon original issue, exchange, registration of transfer, partial redemption or partial
repayment or pursuant to Section 3.6, and Securities so authenticated shall be entitled to the benefits of this Indenture
and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in
this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication,
such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a
certificate of authentication executed on behalf of the Trustee by an Authenticating Agent.

 

Each Authenticating Agent must be acceptable to the Company and,
except as provided in or pursuant to this Indenture, shall at all times be a Corporation or national banking association that would
be permitted by the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act, is authorized
under applicable law and by its charter to act as an Authenticating Agent and has a combined capital and surplus (computed in accordance
with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If at any time an Authenticating Agent shall cease
to be eligible in accordance with the provisions of this Section 6.12, it shall resign immediately in the manner and with
the effect specified in this Section 6.12.

 

Any Corporation or national banking association into which an Authenticating
Agent may be merged or converted or with which it may be consolidated, or any Corporation or national banking association resulting
from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any Corporation or national
banking association succeeding to all or substantially all of the corporate agency or corporate trust business of an Authenticating
Agent, shall be the successor of such Authenticating Agent hereunder, provided such Corporation or national banking association
shall be otherwise eligible under this Section 6.12, without the execution or filing of any paper or any further act on the
part of the Trustee or the Authenticating Agent.

 

An Authenticating Agent may resign at any time by giving written
notice thereof to the Trustee and the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving
written notice thereof to such Authenticating Agent and the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this
Section 6.12, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall
mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Registered Securities, if any,
of the series with respect to which such Authenticating Agent shall serve, as their names and addresses appear in the Security
Register. Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the rights,
powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section 6.12.

 

    	 	34	 

     

    

  

The Company agrees to pay each Authenticating Agent from time to
time reasonable compensation for its services under this Section 6.12 to the extent agreed in writing.

 

The provisions of Section 3.3, Section 6.1, Section 6.4
and Section 6.5 shall be applicable to each Authenticating Agent.

 

If an Authenticating Agent is appointed with respect to one or more
series of Securities pursuant to this Section 6.12, the Securities of such series may have endorsed thereon, in addition to
or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the
following form:

 

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

 

	 	                                                                                     ,
	 	as Trustee
	 	 	 
	 	By:	

	 	 	As Authenticating Agent
	 	 	 
	 	By:	

	 	 	Authorized Officer
	 	 	 
	 	Dated:                     

 

If all of the Securities of any series may not be originally issued
at one time, and if the Trustee does not have an office capable of authenticating Securities upon original issuance located in
a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee,
if so requested by Company Request (which writing need not be accompanied by or contained in an Officer’s Certificate), shall
appoint in accordance with this Section 6.12 (and subject to such procedures as shall be acceptable to the Trustee) an Authenticating
Agent having an office in a Place of Payment designated by the Company with respect to such series of Securities.

 

ARTICLE 7 

 

HOLDERS LISTS AND REPORTS BY TRUSTEE AND
COMPANY 

 

	 	Section 7.1	Company to Furnish Trustee Names and Addresses of Holders

 

In accordance with Section 312(a) of the Trust Indenture Act,
the Company shall furnish or cause to be furnished to the Trustee:

 

(1) semi-annually with respect to Securities of each series not
later than 15 days after each Regular Record Date in respect of Securities of a series, a list, in each case in such form as the
Trustee may reasonably require, of the names and addresses of Holders of such Securities as of the applicable date, and

 

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

 

provided, however, that so long as the Trustee is the Security Registrar
no such list shall be required to be furnished.

 

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	 	Section 7.2	Preservation of Information; Communications to Holders

 

The Trustee shall comply with the obligations imposed upon it pursuant
to Section 312 of the Trust Indenture Act.

 

Every Holder of Securities, by receiving and holding the same, agrees
with the Company and the Trustee that neither the Company, the Trustee, any Paying Agent or any Security Registrar shall be held
accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance
with Section 312 of the Trust Indenture Act, regardless of the source from which such information was derived, and that the
Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of
the Trust Indenture Act.

 

	 	Section 7.3	Reports by Trustee

 

(1) Within 60 days after May 15 of each year commencing with
the first May 15 following the first issuance of Securities pursuant to Section 3.1, if required by Section 313(a)
of the Trust Indenture Act, the Trustee shall transmit, pursuant to Section 313(c) of the Trust Indenture Act, a brief report
dated as of such May 15 with respect to any of the events specified in said Section 313(a) that may have occurred since
the later of the immediately preceding May 15 and the date of this Indenture.

 

(2) The Trustee shall transmit any reports required by Section 313(a)
of the Trust Indenture Act at the times specified therein.

 

(3) A copy of each report, if any, described in Section 7.3(1)
and (2) shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any, upon
which the Securities are listed, with the Commission and with the Company. The Company will promptly notify the Trustee when the
Securities are listed on any stock exchange and of any delisting thereof.

 

	 	Section 7.4	Reports by Company

 

The Company, pursuant to Section 314(a) of the Trust Indenture
Act, shall:

 

(1) file with the Trustee, within 30 days after the Company has
filed the same with the Commission, unless such reports are available on the Commission’s EDGAR filing system (or any successor
thereto), copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of
the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to
file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required
to file information, documents or reports pursuant to either of Section 13 or Section 15(d) of the Exchange Act, then
it shall file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13
of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from
time to time in such rules and regulations;

 

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

 

(3) transmit within 30 days after the filing thereof with the Trustee,
in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, such summaries of any information,
documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section 7.4
as may be required by rules and regulations prescribed from time to time by the Commission.

 

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

 

ARTICLE 8 

 

CONSOLIDATION, MERGER AND SALES 

 

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

 

The Company shall not directly or indirectly consolidate with or
merge with or into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its assets and
properties and the assets and properties of its Subsidiaries (taken as a whole) to another Person in one or more related transactions
unless:

 

(1) either: (A) the Company is the survivor; or (B) the
Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer,
lease, conveyance or other disposition has been made is a Person organized or existing under the laws of the United States, any
state of the United States or the District of Columbia;

 

(2) the Person formed by or surviving any such consolidation or
merger (if other than the Company) or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition
has been made shall expressly assume, by an indenture (or indentures, if at such time there is more than one Trustee) supplemental
hereto, in form reasonably satisfactory to the Trustee, executed by the successor Person and delivered to the Trustee, the due
and punctual payment of the principal of, any premium and interest on and any Additional Amounts with respect to, all the Securities
and the performance of every obligation in this Indenture and the Outstanding Securities on the part of the Company to be performed
or observed and shall provide for conversion or exchange rights in accordance with the provisions of the Securities of any series
that are convertible or exchangeable into Common Stock or other securities, cash or other property;

 

    	 	36	 

     

    

  

(3) either the Company or the successor Person shall have delivered
to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, assignment,
transfer, lease, conveyance or other disposition and, if a supplemental indenture is required in connection with such transaction,
such supplemental indenture comply with this Article 8 and that all conditions precedent herein provided for relating to such transaction
have been complied with; and

 

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

 

	 	Section 8.2	Successor Person Substituted for Company

 

Upon any consolidation by the Company with or merger of the Company
into any other Person or Persons where the Company is not the survivor or any sale, assignment, transfer, lease, conveyance or
other disposition of all or substantially all of the properties and assets of the Company and the properties and assets of its
Subsidiaries (taken as a whole) to any Person or Persons in accordance with Section 8.1, the successor Person formed by such
consolidation or into which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition
is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with
the same effect as if such successor Person had been named as the Company herein; and thereafter, except in the case of a lease,
the predecessor Person shall be released from all obligations and covenants under this Indenture and the Securities.

 

ARTICLE 9 

 

SUPPLEMENTAL INDENTURES 

 

	 	Section 9.1	Supplemental Indentures Without Consent of Holders

 

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

 

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

 

(2) to add to the covenants of the Company for the benefit of the
Holders of all or any series of Securities (as shall be specified in such supplemental indenture or indentures) or to surrender
any right or power herein conferred upon the Company; provided, that in respect of any such additional covenant, such supplemental
indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in
the case of other defaults) or may provide for an immediate enforcement upon such a default or may limit the remedies available
to the Trustee upon an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the
Securities of such series to waive such an Event of Default;

 

(3) to establish the form or terms of Securities of any series as
permitted by Section 2.1 and Section 3.1;

 

(4) to evidence and provide for the acceptance of appointment hereunder
by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee,
pursuant to the requirements of Section 6.10;

 

(5) to cure any ambiguity, to correct or supplement any provision
herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to
matters or questions arising under this Indenture; provided that no action pursuant to this clause (5) shall adversely affect
the interests of the Holders of Securities of any series then Outstanding in any material respect;

 

(6) to add to, delete from or revise the conditions, limitations
and restrictions on the authorized amount, terms or purposes of issue, authentication and delivery of Securities, as herein set
forth;

 

    	 	37	 

     

    

  

(7) to add any additional Events of Default with respect to all
or any series of Securities (as shall be specified in such supplemental indenture);

 

(8) to supplement any of the provisions of this Indenture to such
extent as shall be necessary for the defeasance and discharge of any series of Securities pursuant to Article 4, provided that
any such action shall not adversely affect the interests of any Holder of an Outstanding Security of such series or any other Security
in any material respect;

 

(9) to make provisions with respect to conversion or exchange rights
of Holders of Securities of any series;

 

(10) to add guarantees in respect of the Securities of one or more
series and to provide for the terms and conditions of release thereof;

 

(11) to convey, transfer, assign, mortgage or pledge to the Trustee
as security for the Securities of one or more series any property or assets and to provide for the terms and conditions of release
thereof;

 

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

 

(13) to provide for Definitive Securities in addition to or in place
of Global Securities;

 

(14) to qualify the Indenture under the Trust Indenture Act;

 

(15) with respect to the Securities of a series, to conform the
text of the Indenture or the Securities of such series to any provision of the description thereof in the Company’s offering
memorandum or prospectus relating to the initial offering of such Securities, to the extent that such provision, in the good faith
judgment of the Company, was intended to be a verbatim recitation of a provision of the Indenture or such Securities; or

 

(16) to make any other change that does not adversely affect the
rights of Holders of Outstanding Securities in any material respect.

 

The Trustee is hereby required to join with the Company and any
guarantors in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which
may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but
the Trustee shall not be obligated to enter into any such supplemental indenture that affects the Trustee’s own rights, duties
or immunities under this Indenture or otherwise.

 

	 	Section 9.2	Supplemental Indentures With Consent of Holders

 

With the consent of the Holders of not less than a majority (or
such greater amount as is provided for a particular series of Securities) in principal amount of the Outstanding Securities of
each series affected by such supplemental indenture (including consents obtained in connection with a purchase of, or tender offer
or exchange offer for, Securities of such series), by Act of said Holders delivered to the Company and the Trustee, the Company
(when authorized by or pursuant to a Board Resolution) and the Trustee may enter into an indenture or indentures supplemental hereto
for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or
of modifying in any manner the rights of the Holders of Securities of such series under this Indenture or of the Securities of
such series; provided, however, that no such supplemental indenture, without the consent of the Holder of each Outstanding Security
affected thereby, shall:

 

(1) change the Stated Maturity of the principal of, or any premium
or installment of interest on or any Additional Amounts with respect to, any Security, or reduce the principal amount thereof or
the rate (or modify the calculation of such rate in a manner that reduces such rate) of interest thereon or any Additional Amounts
with respect thereto, or any premium payable upon the redemption thereof or otherwise, or change the obligation of the Company
to pay Additional Amounts pursuant to Section 10.4, or reduce the amount of the principal of an Original Issue Discount Security
that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2 or the amount
thereof provable in bankruptcy pursuant to Section 5.4, change the redemption provisions or adversely affect the right of
repayment at the option of any Holder as contemplated by Article 13, or change the Place of Payment for any Security or the Currency
in which the principal of, any premium or interest on, or any Additional Amounts with respect to any Security is payable, or impair
the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of
redemption, on or after the Redemption Date or, in the case of repayment at the option of the Holder, on or after the date for
repayment);

 

    	 	38	 

     

    

  

(2) reduce the percentage in principal amount of the Outstanding
Securities of any series the consent of the Holders of which are required for any such supplemental indenture, or the consent of
whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder
and their consequences) provided for in this Indenture, or reduce the requirements of Section 15.4 for quorum or voting;

 

(3) modify any of the provisions of this Section 9.2 or Section 5.13
or Section 10.5, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot
be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; or

 

(4) make any change that adversely affects the right to convert
or exchange any Security into or for Common Stock or other securities, cash or other property in accordance with the terms of such
Security.

 

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

 

It shall not be necessary for any Act of Holders of Securities under
this Section 9.2 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such
Act shall approve the substance thereof.

 

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

 

	 	Section 9.3	Execution of Supplemental Indentures

 

As a condition to executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article 9 or the modifications thereby of the trusts created by this Indenture,
the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Officer’s Certificate and Opinion
of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee
may, but shall not be obligated to, enter into any such supplemental indenture that affects the Trustee’s own rights, duties
or immunities under this Indenture or otherwise.

 

	 	Section 9.4	Revocation of Consents

 

Notwithstanding clause (5) of Section 1.4, any Holder
of a Security or future Holder of the same Security may revoke a consent as to its Security or portion of a Security. Any revocation
of a consent by the Holder of a Security or any such future Holder shall be effective only if the Trustee receives the notice of
revocation before the date on which the Trustee receives an Officer’s Certificate from the Company certifying that the requisite
number of consents have been received. If, however, a record date is fixed pursuant to Section 1.4, then notwithstanding the
second preceding sentence, those Persons who were Holders at such record date (or their duly designated proxies), and only those
Persons, shall be entitled to revoke any consent previously given, whether or not such Persons continue to be Holders after such
record date.

 

	 	Section 9.5	Effect of Supplemental Indentures

 

A supplemental indenture or waiver becomes effective upon the (a) receipt
by the Company or the Trustee of the requisite number of consents (if required), (b) satisfaction of any conditions to effectiveness
as set forth in this Indenture or any such supplemental indenture or waiver and (c) with respect to a supplemental indenture,
execution of such supplemental indenture by the Company and the Trustee. After a supplemental indenture or waiver becomes effective,
it shall bind every Holder, unless it makes a change described in any of clauses (1) through (4) of Section 9.2,
in which case, the supplemental indenture or waiver shall bind a Holder of a Security who is affected thereby only if it has consented
to such supplemental indenture or waiver and every subsequent Holder of a Security or portion of a Security that evidences the
same debt as the consenting Holder’s Security. Upon the effectiveness of any supplemental indenture under this Article, this
Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all
purposes; and, except as provided in the preceding sentence, every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby.

 

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	 	Section 9.6	Reference in Securities to Supplemental Indentures

 

Securities of any series authenticated and delivered after the execution
of any supplemental indenture pursuant to this Article 9 may, and shall if required by the Trustee, bear a notation in form approved
by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities
of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may
be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of
such series.

 

	 	Section 9.7	Conformity with Trust Indenture Act

 

Every supplemental indenture executed pursuant to this Article 9
shall conform to the requirements of the Trust Indenture Act as then in effect.

 

	 	Section 9.8	Notice of Supplemental Indenture

 

Promptly after the execution by the Company and the Trustee of any
supplemental indenture pursuant to Section 9.2, the Company shall transmit to the Holders of Outstanding Securities of any
series affected thereby a notice setting forth the substance of such supplemental indenture; provided, that any failure to provide,
or any defect in any such notice, shall not impair the validity of any such supplemental indenture.

 

ARTICLE 10 

 

COVENANTS 

 

	 	Section 10.1	Payment of Principal, any Premium, Interest and Additional Amounts

 

The Company covenants and agrees for the benefit of the Holders
of the Securities of each series that it will duly and punctually pay the principal of, any premium and interest on and any Additional
Amounts with respect to, the Securities of such series in accordance with the terms thereof and this Indenture.

 

	 	Section 10.2	Maintenance of Office or Agency

 

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

 

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

 

Unless otherwise provided in or pursuant to this Indenture, the
Company hereby designates as the Place of Payment for each series of Securities the Borough of Manhattan, The City of New York,
and initially appoints the Corporate Trust Office of , located at , as the Office or Agency of the Company in the Borough of Manhattan,
The City of New York for such purpose. The Company may subsequently appoint a different Office or Agency in the Borough of Manhattan,
The City of New York for the Securities of any series.

 

	 	Section 10.3	Money for Securities Payments to Be Held in Trust

 

If the Company shall at any time act as its own Paying Agent with
respect to any series of Securities, it shall, on or before each due date of the principal of, any premium or interest on or Additional
Amounts with respect to any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities
of such series are payable (except as otherwise specified pursuant to Section 3.1 for the Securities of such series) sufficient
to pay the principal or any premium, interest or Additional Amounts so becoming due until such sums shall be paid to such Persons
or otherwise disposed of as herein provided, and shall promptly notify the Trustee of its failure so to act.

 

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Whenever the Company shall have one or more Paying Agents for any
series of Securities, it shall, on or prior to each due date of the principal of, any premium or interest on or any Additional
Amounts with respect to any Securities of such series, deposit with any Paying Agent a sum (in the currency or currencies, currency
unit or units or composite currency or currencies described in the preceding paragraph) sufficient to pay the principal or any
premium, interest or Additional Amounts so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto,
and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its failure so to act.

 

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

 

(1) hold all sums held by it for the payment of the principal of,
any premium or interest on or any Additional Amounts with respect to Securities of such series in trust for the benefit of the
Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as provided in or pursuant to this
Indenture;

 

(2) give the Trustee notice of any default by the Company (or any
other obligor upon the Securities of such series) in the making of any payment of principal, any premium or interest on or any
Additional Amounts with respect to the Securities of such series; and

 

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

 

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

 

Except as otherwise provided herein or pursuant hereto, any money
deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, any
premium or interest on or any Additional Amounts with respect to any Security of any series and remaining unclaimed for two years
after such principal or any such premium or interest or any such Additional Amounts shall have become due and payable shall be
paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of
such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability
of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall
thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may
at the expense of the Company either cause to be published once, in an Authorized Newspaper in each Place of Payment for such series,
or may cause to be mailed once to Holders of Registered Securities of such series, notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing nor later
than two years after such principal and any premium or interest or Additional Amounts shall have become due and payable, any unclaimed
balance of such money then remaining will be repaid to the Company.

 

	 	Section 10.4	Additional Amounts

 

If any Securities of a series provide for the payment of Additional
Amounts, the Company agrees to pay to the Holder of any such Security Additional Amounts as provided in or pursuant to this Indenture
or such Securities. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium
or interest on, or in respect of, any Security of any series, such mention shall be deemed to include mention of the payment of
Additional Amounts provided by the terms of such series established hereby or pursuant hereto to the extent that, in such context,
Additional Amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment
of Additional Amounts (if applicable) in any provision hereof shall not be construed as excluding Additional Amounts in those provisions
hereof where such express mention is not made.

 

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Except as otherwise provided in or pursuant to this Indenture or
the Securities of the applicable series, if the Securities of a series provide for the payment of Additional Amounts, at least
10 days prior to the first Interest Payment Date with respect to such series of Securities (or if the Securities of such series
shall not bear interest prior to Maturity, the first day on which a payment of principal is made), and at least 10 days prior to
each date of payment of principal or interest if there has been any change with respect to the matters set forth in the below-mentioned
Officer’s Certificate, the Company shall furnish to the Trustee and the principal Paying Agent or Paying Agents, if other
than the Trustee, an Officer’s Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment
of principal of and premium, if any, or interest on the Securities of such series shall be made to Holders of Securities of such
series who are United States Aliens (as demonstrated by delivery of appropriate tax forms) without withholding for or on account
of any tax, assessment or other governmental charge described in the Securities of such series. If any such withholding shall be
required, then such Officer’s Certificate shall specify by country the amount, if any, required to be withheld on such payments
to such Holders of Securities, and the Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts required
by the terms of such Securities. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless
against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in
connection with actions taken or omitted by any of them in reliance on any Officer’s Certificate furnished pursuant to this
Section 10.4.

 

	 	Section 10.5	Waiver of Certain Covenants

 

The Company may omit in any particular instance to comply with any
term, provision or condition specified pursuant to Section 3.1 with respect to the Securities of any series if the Company
shall have obtained or filed with the Trustee, prior to the time of such failure or omission, evidence (as described in Section 1.4)
of the consent of the Holders of a majority in aggregate principal amount of the Outstanding Securities of such series, by Act
of such Holders, either waiving such compliance in such instance or generally waiving compliance with such term, provision or condition,
but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until
such waiver shall become effective in accordance with Section 9.5, the obligations of the Company and the duties of the Trustee
in respect of any such term, provision or condition shall remain in full force and effect.

 

	 	Section 10.6	Company Statement as to Compliance

 

(1) If any Securities are Outstanding under this Indenture, the
Company shall deliver to the Trustee, within 120 days after the end of each fiscal year, a written statement (which need not be
contained in or accompanied by an Officer’s Certificate) signed by the principal executive officer, the principal financial
officer or the principal accounting officer, stating that:

 

(a) in the course of the performance of his or her duties as an
officer of the Company he or she would normally have knowledge of any default by the Company in the performance of the covenants
contained in this Indenture, and

 

(b) to his or her knowledge, the Company has complied with all the
conditions and covenants imposed on it under this Indenture throughout such year, or, if there has been a noncompliance in the
fulfillment of any such condition or covenant, specifying each such noncompliance known to him or her and the nature and status
thereof.

 

(2) The Trustee shall have no duty to monitor the Company’s
compliance with the covenants contained in this Indenture other than to receive written notices described in Section 10.6(1).

 

ARTICLE 11 

 

REDEMPTION OF SECURITIES 

 

	 	Section 11.1	Applicability of Article

 

Redemption of Securities of any series at the option of the Company
as permitted or required by the terms of such Securities shall be made in accordance with the terms of such Securities and (except
as otherwise provided herein or pursuant hereto) this Article 11.

 

	 	Section 11.2	Election to Redeem; Notice to Trustee

 

The election of the Company to optionally redeem any Securities
shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of the Securities
of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall
be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series
to be redeemed. In the case of any redemption of Securities (a) prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture, or (b) pursuant to an election of the Company that
is subject to a condition specified in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the
Trustee with an Officer’s Certificate evidencing compliance with such restriction or condition.

 

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	 	Section 11.3	Selection by Trustee of Securities to be Redeemed

 

If less than all of the Securities of any series with the same issue
date, interest rate or formula, Stated Maturity and other terms are to be redeemed, the particular Securities to be redeemed shall
be selected not more than 60 days prior to the Redemption Date by the Trustee from the Outstanding Securities of such series not
previously called for redemption on a pro rata basis or by lot (whichever is consistent with the Trustee’s customary practice);
provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Registered Security of
such series not redeemed to less than the minimum denomination for a Security of such series established herein or pursuant hereto.

 

The Trustee shall promptly notify the Company and the Security Registrar
(if other than itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial
redemption, the principal amount thereof to be redeemed.

 

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

 

Unless otherwise specified in or pursuant to this Indenture or the
Securities of any series, if any Security selected for partial redemption is converted into or exchanged for Common Stock or other
securities, cash or other property in part before termination of the conversion or exchange right with respect to the portion of
the Security so selected, the converted portion of such Security shall be deemed (so far as may be) to be the portion selected
for redemption. Securities that have been converted or exchanged during a selection of Securities to be redeemed shall be treated
by the Trustee as Outstanding for the purpose of such selection.

 

	 	Section 11.4	Notice of Redemption

 

Notice of redemption shall be given in the manner provided in Section 1.6,
not less than 30 nor more than 60 days prior to the Redemption Date, unless a shorter period is specified in the Securities to
be redeemed, to the Holders of Securities to be redeemed. Failure to give notice by mailing in the manner herein provided to the
Holder of any Registered Securities designated for redemption as a whole or in part, or any defect in the notice to any such Holder,
shall not affect the validity of the proceedings for the redemption of any other Securities or portion thereof.

 

Any notice that is mailed to the Holder of any Registered Securities
in the manner herein provided shall be conclusively presumed to have been duly given, whether or not such Holder receives the notice.

 

All notices of redemption shall state:

 

(1) the Redemption Date;

 

(2) the Redemption Price or if not then ascertainable, the manner
of calculation thereof;

 

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

 

(4) in case any Security is to be redeemed in part only, the notice
which relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder of
such Security will receive, without charge, a new Security or Securities of authorized denominations for the principal amount thereof
remaining unredeemed;

 

(5) that, on the Redemption Date, the Redemption Price shall become
due and payable upon each such Security or portion thereof to be redeemed, and, if applicable, that interest thereon shall cease
to accrue on and after said date, subject to such conditions as may be specified pursuant to Section 3.1 with respect to such
Security;

 

(6) the place or places where such Securities are to be surrendered
for payment of the Redemption Price and any accrued interest and Additional Amounts pertaining thereto;

 

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

 

(8) in the case of Securities of any series that are convertible
or exchangeable into Common Stock or other securities, cash or other property, the conversion or exchange price or rate, the date
or dates on which the right to convert or exchange the principal of the Securities of such series to be redeemed will commence
or terminate and the place or places where such Securities may be surrendered for conversion or exchange; and

 

(9) the CUSIP number (or any other numbers used by a Depositary
to identify such Securities).

 

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A notice of redemption published as contemplated by Section 1.6
need not identify particular Registered Securities to be redeemed.

 

Notice of redemption of Securities to be redeemed at the election
of the Company shall be given by the Company or, upon Company Request, by the Trustee in the name and at the expense of the Company.

 

	 	Section 11.5	Deposit of Redemption Price

 

At or prior to 10:00 a.m., New York City time, on any Redemption
Date, the Company shall deposit, with respect to the Securities of any series called for redemption pursuant to Section 11.4,
with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided
in Section 10.3) an amount of money in the applicable Currency sufficient to pay the Redemption Price of, and (except if the
Redemption Date shall be an Interest Payment Date, unless otherwise specified pursuant to Section 3.1 or in the Securities
of such series) any accrued interest on and Additional Amounts with respect to such accrued interest, all such Securities or portions
thereof which are to be redeemed on that date.

 

	 	Section 11.6	Securities Payable on Redemption Date

 

Notice of redemption having been given as aforesaid and all conditions
specified pursuant to Section 3.1 having been satisfied, the Securities so to be redeemed shall, on the Redemption Date, become
due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the
payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such
Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together
with any accrued interest and Additional Amounts to the Redemption Date; provided, however, that, except as otherwise specified
in or pursuant to this Indenture or the Registered Securities of such series, installments of interest on Registered Securities
whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the Regular Record Dates therefor according to their terms
and the provisions of Section 3.7.

 

Unless otherwise specified in or pursuant to this Indenture or the
Securities of any series, if any Security called for redemption shall not be so paid upon surrender thereof for redemption, the
principal and any premium, until paid, shall bear interest from the Redemption Date at the rate prescribed therefor in the Security.

 

	 	Section 11.7	Securities Redeemed in Part

 

Any Registered Security to be redeemed only in part shall be surrendered
at any Office or Agency for such Security (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument
of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized
in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security without
service charge, a new Registered Security or Securities of the same series, containing identical terms and provisions, of any authorized
denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the
principal amount of the Security so surrendered. If a Global Security is so surrendered, the Company shall execute, and the Trustee
shall authenticate and deliver to or on behalf of the U.S. Depositary or other Depositary for such Global Security as shall be
specified in the Company Order with respect thereto to the Trustee, without service charge, a new Global Security in a denomination
equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered.

 

	 	Section 11.8	Repurchases on the Open Market

 

The Company or any Affiliate of the Company may at any time or from
time to time repurchase any of the Securities in the open market or otherwise. Such Securities may, at the option of the Company
or the relevant Affiliate of the Company, be held, resold or surrendered to the Trustee for cancellation.

 

ARTICLE 12 

 

SINKING FUNDS 

 

	 	Section 12.1	Applicability of Article

 

The provisions of this Article 12 shall be applicable to any sinking
fund for the retirement of Securities of a series, except as otherwise permitted or required in or pursuant to this Indenture or
any Security of such series issued pursuant to this Indenture.

 

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The minimum amount of any sinking fund payment provided for by the
terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess
of such minimum amount provided for by the terms of Securities of such series is herein referred to as an “optional sinking
fund payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may
be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the redemption of Securities
of any series as provided for by the terms of Securities of such series and this Indenture.

 

	 	Section 12.2	Satisfaction of Sinking Fund Payments with Securities

 

The Company may, in satisfaction of all or any part of any sinking
fund payment with respect to the Securities of any series to be made pursuant to the terms of such Securities (1) deliver
Outstanding Securities of such series (other than any of such Securities previously called for redemption or any of such Securities
in respect of which cash shall have been released to the Company) and (2) apply as a credit Securities of such series which
have been redeemed either at the election of the Company pursuant to the terms of such series of Securities or through the application
of permitted optional sinking fund payments pursuant to the terms of such Securities, provided that such Securities have not been
previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price
specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall
be reduced accordingly. If as a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant
to this Section 12.2, the principal amount of Securities of such series to be redeemed in order to satisfy the remaining sinking
fund payment shall be less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Company
Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall at the request of the Company from time to time pay over and deliver
to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of
Securities of that series purchased by the Company having an unpaid principal amount equal to the cash payment requested to be
released to the Company.

 

	 	Section 12.3	Redemption of Securities for Sinking Fund

 

Not less than 60 days prior to each sinking fund payment date for
any series of Securities, the Company shall deliver to the Trustee an Officer’s Certificate specifying the amount of the
next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any,
which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting
of Securities of that series pursuant to Section 12.2, and the basis for such credit and the optional amount, if any, to be
added in cash to the next ensuing mandatory sinking fund payment, and will also deliver to the Trustee any Securities to be so
credited and not theretofore delivered. If such Officer’s Certificate shall specify an optional amount to be added in cash
to the next ensuing mandatory sinking fund payment, the Company shall thereupon be obligated to pay the amount therein specified.
Not less than 60 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 11.3 and cause notice of the redemption thereof to be given in
the name of and at the expense of the Company in the manner provided in Section 11.4. Such notice having been duly given,
the redemption of such Securities shall be made upon the terms and in the manner stated in Section 11.6 and Section 11.7.

 

ARTICLE 13 

 

REPAYMENT AT THE OPTION OF HOLDERS 

 

	 	Section 13.1	Applicability of Article

 

Securities of any series which are repayable at the option of the
Holders thereof before their Stated Maturity shall be repaid in accordance with the terms of the Securities of such series. The
repayment of any principal amount of Securities pursuant to such option of the Holder to require repayment of Securities before
their Stated Maturity, for purposes of Section 3.9, shall not operate as a payment, redemption or satisfaction of the indebtedness
represented by such Securities unless and until the Company, at its option, shall deliver or surrender the same to the Trustee
with a directive that such Securities be cancelled. Notwithstanding anything to the contrary contained in this Section 13.1,
in connection with any repayment of Securities, the Company may arrange for the purchase of any Securities by an agreement with
one or more investment bankers or other purchasers to purchase such Securities by paying to the Holders of such Securities on or
before the close of business on the repayment date an amount not less than the repayment price payable by the Company on repayment
of such Securities, and the obligation of the Company to pay the repayment price of such Securities shall be satisfied and discharged
to the extent such payment is so paid by such purchasers.

 

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ARTICLE 14 

 

SECURITIES IN FOREIGN CURRENCIES 

 

	 	Section 14.1	Applicability of Article

 

Whenever this Indenture provides for (i) any action by, or
the determination of any of the rights of, Holders of Securities of any series in which not all of such Securities are denominated
in the same Currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to the contrary pursuant
to this Indenture or the Securities of any particular series, any amount in respect of any Security denominated in a Foreign Currency
shall be treated for any such action or distribution as that amount of Dollars that could be obtained for such amount on such reasonable
basis of exchange and as of the record date with respect to Registered Securities of such series (if any) for such action, determination
of rights or distribution (or, if there shall be no applicable record date, such other date reasonably proximate to the date of
such action, determination of rights or distribution) as the Company may specify in a written notice to the Trustee or, in the
absence of such written notice, as the Trustee may determine.

 

ARTICLE 15 

 

MEETINGS OF HOLDERS OF SECURITIES 

 

	 	Section 15.1	Purposes for Which Meetings May Be Called

 

A meeting of Holders of Securities of any series may be called at
any time and from time to time pursuant to this Article 15 to make, give or take any request, demand, authorization, direction,
notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by Holders of Securities of such series.

 

	 	Section 15.2	Call, Notice and Place of Meetings

 

(1) The Trustee may at any time call a meeting of Holders of Securities
of any series for any purpose specified in Section 15.1, to be held at such time and at such place in the Borough of Manhattan,
The City of New York as the Trustee may select and as shall be acceptable to the Company. Notice of every meeting of Holders of
Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken
at such meeting, shall be given, in the manner provided in Section 1.6, not less than 21 nor more than 180 days prior to the
date fixed for the meeting.

 

(2) In case at any time the Company (by or pursuant to a Board Resolution)
or the Holders of at least 25% in principal amount of the Outstanding Securities of any series shall have requested the Trustee
to call a meeting of the Holders of Securities of such series for any purpose specified in Section 15.1, by written request
setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice
of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the meeting to be held as
provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be,
may determine the time and the place in the Borough of Manhattan, The City of New York for such meeting and may call such meeting
for such purposes by giving notice thereof as provided in clause (1) of this Section 15.4.

 

	 	Section 15.3	Persons Entitled to Vote at Meetings

 

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

 

	 	Section 15.4	Quorum; Action

 

The Persons entitled to vote a majority in principal amount of the
Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series; provided, however,
that if any action is to be taken at such meeting with respect to a consent or waiver which this Indenture expressly provides may
be given by the Holders of a different percentage in principal amount of the Outstanding Securities of a series, the Persons entitled
to vote such percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the absence
of a quorum within 30 minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders
of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days
as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned
meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by the chairman of
the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given
as provided in Section 15.2(1), except that such notice need be given only once not less than five days prior to the date
on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the
percentage, as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a quorum.

 

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Except as limited by the proviso to Section 9.2, any resolution
presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by the
affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided, however,
that, except as limited by the proviso to Section 9.2, any resolution with respect to any consent or waiver which this Indenture
or any supplemental indenture expressly provides may be given by the Holders of at least 66-2/3% in principal amount of the Outstanding
Securities of a series may be adopted at a meeting or an adjourned meeting duly convened and at which a quorum is present as aforesaid
only by the affirmative vote of the Holders of 66-2/3% in principal amount of the Outstanding Securities of that series; and provided,
further, that, except as limited by the proviso to Section 9.2, any resolution with respect to any request, demand, authorization,
direction, notice, consent, waiver or other Act which this Indenture or any supplemental indenture expressly provides may be made,
given or taken by the Holders of a different specified percentage, which is less than a majority, in principal amount of the Outstanding
Securities of a series, may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as
aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities
of such series.

 

Any resolution passed or decision taken at any meeting of Holders
of Securities of any series duly held in accordance with this Section 15.4 shall be binding on all the Holders of Securities
of such series, whether or not such Holders were present or represented at the meeting.

 

	 	Section 15.5	Determination of Voting Rights; Conduct and Adjournment of Meetings

 

(1) Notwithstanding any other provisions of this Indenture, the
Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of such series in
regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment
and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote,
and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required
by any such regulations, the holding of Securities shall be proved in the manner specified in Section 1.4 and the appointment
of any proxy shall be proved in the manner specified in Section 1.4. Such regulations may provide that written instruments
appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 1.4 or
other proof.

 

(2) The Trustee shall, by an instrument in writing, appoint a temporary
chairman of the meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 15.2(2),
in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in like manner
appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons
entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting.

 

(3) At any meeting, each Holder of a Security of such series or
proxy shall be entitled to one vote for each $1,000 principal amount of Securities of such series held or represented by him; provided,
however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled
by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder
of a Security of such series or proxy.

 

(4) Any meeting of Holders of Securities of any series duly called
pursuant to Section 15.2 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority
in principal amount of the Outstanding Securities of such series represented at the meeting; and the meeting may be held as so
adjourned without further notice.

 

	 	Section 15.6	Counting Votes and Recording Action of Meetings

 

The vote upon any resolution submitted to any meeting of Holders
of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities
of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities
of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall
count all votes cast at the meeting for or against any resolution and who shall make and file with the permanent secretary of the
meeting their verified written reports in triplicate of all votes cast at the meeting. A record, at least in triplicate, of the
proceedings of each meeting of Holders of Securities of any series shall be prepared by the permanent secretary of the meeting
and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat
and affidavits by one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing
that said notice was given as provided in Section 15.2 and, if applicable, Section 15.4. Each copy shall be signed and
verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company,
and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting.
Any record so signed and verified shall be conclusive evidence of the matters therein stated.

 

    	 	47	 

     

    

  

IN WITNESS WHEREOF, the parties hereto have caused this Indenture
to be duly executed as of the day and year first above written.

 

		HUDSON TECHNOLOGIES, INC.
	 	 	 
	 	By:	             
	 	Name: 
	 	Title:
	 	 
	 	________________

_______________________,
	 	as Trustee
	 	 	 
	 	By:	             
	 	Name:  
	 	Title:

 

    	 	48Exhibit 4.3

 

[CORPORATION],

Issuer

 

AND

 

[TRUSTEE],

Trustee

 

 

 

INDENTURE

 

Dated as of [·], 20

 

 

 

Debt Securities

 

 

TABLE OF CONTENTS

 

	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
PAGE
    
	
ARTICLE 1   DEFINITIONS
    	
1
    
	
 
    	
 
    	
 
    	
 
    
	
Section 1.01
    	
 
    	
Definitions of Terms
    	
1
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 2   ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.01
    	
 
    	
Designation and Terms   of Securities
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.02
    	
 
    	
Form of Securities   and Trustee’s Certificate
    	
8
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.03
    	
 
    	
Denominations:   Provisions for Payment
    	
8
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.04
    	
 
    	
Execution and   Authentications
    	
10
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.05
    	
 
    	
Registration of   Transfer and Exchange
    	
11
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.06
    	
 
    	
Temporary Securities
    	
12
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.07
    	
 
    	
Mutilated, Destroyed,   Lost or Stolen Securities
    	
12
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.08
    	
 
    	
Cancellation
    	
13
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.09
    	
 
    	
Benefits of Indenture
    	
13
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.10
    	
 
    	
Authenticating Agent
    	
14
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.11
    	
 
    	
Global Securities
    	
14
    
	
 
    	
 
    	
 
    	
 
    
	
Section 2.12
    	
 
    	
CUSIP Numbers
    	
15
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 3   REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS
    	
16
    
	
 
    	
 
    	
 
    	
 
    
	
Section 3.01
    	
 
    	
Redemption
    	
16
    
	
 
    	
 
    	
 
    	
 
    
	
Section 3.02
    	
 
    	
Notice of Redemption
    	
16
    
	
 
    	
 
    	
 
    	
 
    
	
Section 3.03
    	
 
    	
Payment Upon Redemption
    	
17
    
	
 
    	
 
    	
 
    	
 
    
	
Section 3.04
    	
 
    	
Sinking Fund
    	
17
    
	
 
    	
 
    	
 
    	
 
    
	
Section 3.05
    	
 
    	
Satisfaction of Sinking   Fund Payments with Securities
    	
18
    
	
 
    	
 
    	
 
    	
 
    
	
Section 3.06
    	
 
    	
Redemption of   Securities for Sinking Fund
    	
18
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 4   COVENANTS
    	
18
    
	
 
    	
 
    	
 
    	
 
    
	
Section 4.01
    	
 
    	
Payment of Principal,   Premium and Interest
    	
18
    
	
 
    	
 
    	
 
    	
 
    
	
Section 4.02
    	
 
    	
Maintenance of Office   or Agency
    	
19
    
	
 
    	
 
    	
 
    	
 
    
	
Section 4.03
    	
 
    	
Paying Agents
    	
19
    
	
 
    	
 
    	
 
    	
 
    
	
Section 4.04
    	
 
    	
Appointment to Fill   Vacancy in Office of Trustee
    	
20
    

 

i

 

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PAGE
    
	
ARTICLE 5   SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
    	
20
    
	
 
    	
 
    	
 
    	
 
    
	
Section 5.01
    	
 
    	
Company to Furnish   Trustee Names and Addresses of Securityholders
    	
20
    
	
 
    	
 
    	
 
    	
 
    
	
Section 5.02
    	
 
    	
Preservation Of   Information; Communications With Securityholders
    	
21
    
	
 
    	
 
    	
 
    	
 
    
	
Section 5.03
    	
 
    	
Reports by the Company
    	
21
    
	
 
    	
 
    	
 
    	
 
    
	
Section 5.04
    	
 
    	
Reports by the Trustee
    	
22
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 6   REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
    	
22
    
	
 
    	
 
    	
 
    	
 
    
	
Section 6.01
    	
 
    	
Events of Default
    	
22
    
	
 
    	
 
    	
 
    	
 
    
	
Section 6.02
    	
 
    	
Collection of Indebtedness   and Suits for Enforcement by Trustee
    	
24
    
	
 
    	
 
    	
 
    	
 
    
	
Section 6.03
    	
 
    	
Application of Moneys   Collected
    	
25
    
	
 
    	
 
    	
 
    	
 
    
	
Section 6.04
    	
 
    	
Limitation on Suits
    	
26
    
	
 
    	
 
    	
 
    	
 
    
	
Section 6.05
    	
 
    	
Rights and Remedies   Cumulative; Delay or Omission Not Waiver
    	
26
    
	
 
    	
 
    	
 
    	
 
    
	
Section 6.06
    	
 
    	
Control by   Securityholders
    	
27
    
	
 
    	
 
    	
 
    	
 
    
	
Section 6.07
    	
 
    	
Undertaking to Pay   Costs
    	
27
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 7   CONCERNING THE TRUSTEE
    	
28
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.01
    	
 
    	
Certain Duties and   Responsibilities of Trustee
    	
28
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.02
    	
 
    	
Certain Rights of   Trustee
    	
29
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.03
    	
 
    	
Trustee Not Responsible   for Recitals or Issuance or Securities
    	
31
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.04
    	
 
    	
May Hold   Securities
    	
32
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.05
    	
 
    	
Moneys Held in Trust
    	
32
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.06
    	
 
    	
Compensation and   Reimbursement
    	
32
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.07
    	
 
    	
Reliance on Officer’s   Certificate
    	
33
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.08
    	
 
    	
Disqualification;   Conflicting Interests
    	
33
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.09
    	
 
    	
Corporate Trustee   Required; Eligibility
    	
33
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.10
    	
 
    	
Resignation and   Removal; Appointment of Successor
    	
33
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.11
    	
 
    	
Acceptance of   Appointment By Successor
    	
35
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.12
    	
 
    	
Merger, Conversion,   Consolidation or Succession to Business
    	
36
    

 

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Section 7.13
    	
 
    	
Preferential Collection   of Claims Against the Company
    	
36
    
	
 
    	
 
    	
 
    	
 
    
	
Section 7.14
    	
 
    	
Notice of Default
    	
36
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 8   CONCERNING THE SECURITYHOLDERS
    	
37
    
	
 
    	
 
    	
 
    	
 
    
	
Section 8.01
    	
 
    	
Evidence of Action by   Securityholders
    	
37
    
	
 
    	
 
    	
 
    	
 
    
	
Section 8.02
    	
 
    	
Proof of Execution by   Securityholders
    	
37
    
	
 
    	
 
    	
 
    	
 
    
	
Section 8.03
    	
 
    	
Who May be Deemed   Owners
    	
38
    
	
 
    	
 
    	
 
    	
 
    
	
Section 8.04
    	
 
    	
Certain Securities   Owned by Company Disregarded
    	
38
    
	
 
    	
 
    	
 
    	
 
    
	
Section 8.05
    	
 
    	
Actions Binding on   Future Securityholders
    	
38
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 9   SUPPLEMENTAL INDENTURES
    	
39
    
	
 
    	
 
    	
 
    	
 
    
	
Section 9.01
    	
 
    	
Supplemental Indentures   Without the Consent of Securityholders
    	
39
    
	
 
    	
 
    	
 
    	
 
    
	
Section 9.02
    	
 
    	
Supplemental Indentures   With Consent of Securityholders
    	
40
    
	
 
    	
 
    	
 
    	
 
    
	
Section 9.03
    	
 
    	
Effect of Supplemental   Indentures
    	
40
    
	
 
    	
 
    	
 
    	
 
    
	
Section 9.04
    	
 
    	
Securities Affected by Supplemental   Indentures
    	
40
    
	
 
    	
 
    	
 
    	
 
    
	
Section 9.05
    	
 
    	
Execution of   Supplemental Indentures
    	
41
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 10   SUCCESSOR ENTITY
    	
41
    
	
 
    	
 
    	
 
    	
 
    
	
Section 10.01
    	
 
    	
Company   May Consolidate, Etc.
    	
41
    
	
 
    	
 
    	
 
    	
 
    
	
Section 10.02
    	
 
    	
Successor Entity   Substituted
    	
42
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 11   SATISFACTION AND DISCHARGE
    	
42
    
	
 
    	
 
    	
 
    	
 
    
	
Section 11.01
    	
 
    	
Satisfaction and   Discharge of Indenture
    	
42
    
	
 
    	
 
    	
 
    	
 
    
	
Section 11.02
    	
 
    	
Discharge of   Obligations
    	
43
    
	
 
    	
 
    	
 
    	
 
    
	
Section 11.03
    	
 
    	
Deposited Moneys to be   Held in Trust
    	
43
    
	
 
    	
 
    	
 
    	
 
    
	
Section 11.04
    	
 
    	
Payment of Moneys Held   by Paying Agents
    	
43
    
	
 
    	
 
    	
 
    	
 
    
	
Section 11.05
    	
 
    	
Repayment to Company
    	
44
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 12   IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
    	
44
    
	
 
    	
 
    	
 
    	
 
    
	
Section 12.01
    	
 
    	
No Recourse
    	
44
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE 13   MISCELLANEOUS PROVISIONS
    	
45
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.01
    	
 
    	
Effect on Successors   and Assigns
    	
45
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.02
    	
 
    	
Actions by Successor
    	
45
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.03
    	
 
    	
Surrender of Company   Powers
    	
45
    

 

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PAGE
    
	
Section 13.04
    	
 
    	
Notices
    	
45
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.05
    	
 
    	
Governing Law; Jury   Trial Waiver
    	
45
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.06
    	
 
    	
Treatment of Securities   as Debt
    	
46
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.07
    	
 
    	
Certificates and   Opinions as to Conditions Precedent
    	
46
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.08
    	
 
    	
Payments on Business   Days
    	
46
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.09
    	
 
    	
Conflict with Trust   Indenture Act
    	
47
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.10
    	
 
    	
Counterparts
    	
47
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.11
    	
 
    	
Separability
    	
47
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.12
    	
 
    	
Compliance Certificates
    	
47
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.13
    	
 
    	
Patriot Act
    	
47
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.14
    	
 
    	
Force Majeure
    	
48
    
	
 
    	
 
    	
 
    	
 
    
	
Section 13.12
    	
 
    	
Table of Contents;   Headings
    	
48
    

 

iv

 

INDENTURE

 

INDENTURE, dated as of [·], 20 , among [CORPORATION], a Delaware corporation (the “Company”), and [TRUSTEE], as trustee (the “Trustee”):

 

WHEREAS, for its lawful corporate purposes, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of debt securities (hereinafter referred to as the “Securities”), in an unlimited aggregate principal amount to be issued from time to time in one or more series as in this Indenture provided, as registered Securities without coupons, to be authenticated by the certificate of the Trustee;

 

WHEREAS, to provide the terms and conditions upon which the Securities are to be authenticated, issued and delivered, the Company has duly authorized the execution of this Indenture; and

 

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

 

NOW, THEREFORE, in consideration of the premises and the purchase of the Securities by the holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the holders of Securities:

 

 

ARTICLE 1

 

DEFINITIONS

 

Section 1.01 Definitions of Terms.

 

The terms defined in this Section (except as in this Indenture or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this instrument.

 

“Authenticating Agent” means the Trustee or an authenticating agent with respect to all or any of the series of Securities appointed by the Trustee pursuant to Section 2.10.

 

1

 

“Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

 

“Board of Directors” means the Board of Directors (or the functional equivalent thereof) of the Company or any duly authorized committee of such Board.

 

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

 

“Business Day” means, with respect to any series of Securities, any day other than a day on which federal or state banking institutions in the Borough of Manhattan, the City of New York, or in the city of the Corporate Trust Office of the Trustee, are authorized or obligated by law, executive order or regulation to close.

 

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

 

“Company” means [CORPORATION], a corporation duly organized and existing under the laws of the State of [STATE], and, subject to the provisions of Article Ten, shall also include its successors and assigns.

 

“Corporate Trust Office” means the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at      .

 

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

“Defaulted Interest” has the meaning set forth in Section 2.03.

 

“Depositary” means, with respect to Securities of any series for which the Company shall determine that such Securities will be issued as a Global Security, The Depository Trust Company, another clearing agency, or any successor registered as a clearing agency under the Exchange Act, or other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to either Section 2.01 or 2.11.

 

“Event of Default” means, with respect to Securities of a particular series, any event specified in Section 6.01, continued for the period of time, if any, therein designated.

 

“Exchange Act” means the United States Securities and Exchange Act of 1934, as amended, and the rules and regulations promulgated by the Commission thereunder.

 

2

 

The term “given”, “mailed”, “notify” or “sent” with respect to any notice to be given to a Securityholder pursuant to this Indenture, shall mean notice (x) given to the Depositary (or its designee) pursuant to the standing instructions from the Depositary or its designee, including by electronic mail in accordance with accepted practices or procedures at the Depositary (in the case of a Global Security) or (y) mailed to such Holder by first class mail, postage prepaid, at its address as it appears on the Security Register (in the case of a definitive Security). Notice so “given” shall be deemed to include any notice to be “mailed” or “delivered,” as applicable, under this Indenture.

 

“Global Security” means a Security issued to evidence all or a part of any series of Securities which is executed by the Company and authenticated and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name of the Depositary or its nominee.

 

“Governmental Obligations” means securities that are (a) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America that, in either case, are not callable or redeemable at the option of the issuer thereof at any time prior to the stated maturity of the Securities, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder of such depositary receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt.

 

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

 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into in accordance with the terms hereof and shall include the terms of particular series of Securities established as contemplated by Section 2.01.

 

“Interest Payment Date”, when used with respect to any installment of interest on a Security of a particular series, means the date specified in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the fixed date on which an installment of interest with respect to Securities of that series is due and payable.

 

“Officer” means, with respect to the Company, the chairman of the Board of Directors, a chief executive officer, a president, a chief financial officer, a chief operating officer, any executive vice president, any senior vice president, any vice president, the treasurer or any assistant treasurer, the controller or any assistant controller or the secretary or any assistant secretary.

 

3

 

“Officer’s Certificate” means a certificate signed by any Officer. Each such certificate shall include the statements provided for in Section 13.07, if and to the extent required by the provisions thereof.

 

“Opinion of Counsel” means an opinion in writing subject to customary exceptions of legal counsel, who may be an employee of or counsel for the Company, that is delivered to the Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in Section 13.07, if and to the extent required by the provisions thereof.

 

“Outstanding”, when used with reference to Securities of any series, means, subject to the provisions of Section 8.04, as of any particular time, all Securities of that series theretofore authenticated and delivered by the Trustee under this Indenture, except (a) Securities theretofore canceled by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for cancellation or that have previously been canceled; (b) Securities or portions thereof for the payment or redemption of which moneys or Governmental Obligations in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying agent); provided, however, that if such Securities or portions of such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as provided in Article Three, or provision satisfactory to the Trustee shall have been made for giving such notice; and (c) Securities in lieu of or in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.07.

 

“Person” means any individual, corporation, partnership, joint venture, joint-stock company, limited liability company, association, trust, unincorporated organization, any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.

 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

 

“Responsible Officer” when used with respect to the Trustee means any officer within the Corporate Trust Office of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject and in each case who shall have direct responsibility for the administration of this Indenture.

 

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

 

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

 

4

 

“Securityholder”, “holder of Securities”, “registered holder”, or other similar term, means the Person or Persons in whose name or names a particular Security is registered on the Security Register kept for that purpose in accordance with the terms of this Indenture.

 

“Security Register” and “Security Registrar” shall have the meanings as set forth in Section 2.05.

 

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

 

“Trustee” means , and, subject to the provisions of Article Seven, shall also include its successors and assigns, and, if at any time there is more than one Person acting in such capacity hereunder, “Trustee” shall mean each such Person. The term “Trustee” as used with respect to a particular series of the Securities shall mean the trustee with respect to that series.

 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended.

 

“U.S.A. Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, as amended and signed into law October 26, 2001.

 

 

ARTICLE 2

 

ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND

EXCHANGE OF SECURITIES

 

Section 2.01 Designation and Terms of Securities.

 

(a) The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series up to the aggregate principal amount of Securities of that series from time to time authorized by or pursuant to a Board Resolution or pursuant to one or more indentures supplemental hereto. Prior to the initial issuance of Securities of any series, there shall be established in or pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto:

 

(1) the title of the Securities of the series (which shall distinguish the Securities of that series from all other Securities);

 

(2) any limit upon the aggregate principal amount of the Securities of that series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of that series);

 

5

 

(3) the maturity date or dates on which the principal of the Securities of the series is payable;

 

(4) the form of the Securities of the series including the form of the certificate of authentication for such series;

 

(5) the applicability of any guarantees;

 

(6) whether or not the Securities will be secured or unsecured, and the terms of any secured debt;

 

(7) whether the Securities rank as senior debt, senior subordinated debt, subordinated debt or any combination thereof, and the terms of any subordination;

 

(8) if the price (expressed as a percentage of the aggregate principal amount thereof) at which such Securities will be issued is a price other than the principal amount thereof, the portion of the principal amount thereof payable upon declaration of acceleration of the maturity thereof, or if applicable, the portion of the principal amount of such Securities that is convertible into another security or the method by which any such portion shall be determined;

 

(9) the interest rate or rates, which may be fixed or variable, or the method for determining the rate and the date interest will begin to accrue, the dates interest will be payable and the regular record dates for interest payment dates or the method for determining such dates;

 

(10) the Company’s right, if any, to defer the payment of interest and the maximum length of any such deferral period;

 

(11) if applicable, the date or dates after which, or the period or periods during which, and the price or prices at which, the Company may at its option, redeem the series of Securities pursuant to any optional or provisional redemption provisions and the terms of those redemption provisions;

 

(12) the date or dates, if any, on which, and the price or prices at which the Company is obligated, pursuant to any mandatory sinking fund or analogous fund provisions or otherwise, to redeem, or at the Securityholder’s option to purchase, the series of Securities and the currency or currency unit in which the Securities are payable;

 

(13) the denominations in which the Securities of the series shall be issuable, if other than denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof;

 

(14) any and all terms, if applicable, relating to any auction or remarketing of the Securities of that series and any security for the obligations of the Company with respect to such Securities and any other terms which may be advisable in connection with the marketing of Securities of that series;

 

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(15) whether the Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities; the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other individual Securities; and the Depositary for such Global Security or Securities;

 

(16) if applicable, the provisions relating to conversion or exchange of any Securities of the series and the terms and conditions upon which such Securities will be so convertible or exchangeable, including the conversion or exchange price, as applicable, or how it will be calculated and may be adjusted, any mandatory or optional (at the Company’s option or the holders’ option) conversion or exchange features, the applicable conversion or exchange period and the manner of settlement for any conversion or exchange, which may, without limitation, include the payment of cash as well as the delivery of securities;

 

(17) if other than the full principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.01;

 

(18) additions to or changes in the covenants applicable to the series of Securities being issued, including, among others, the consolidation, merger or sale covenant;

 

(19) additions to or changes in the Events of Default with respect to the Securities and any change in the right of the Trustee or the Securityholders to declare the principal, premium, if any, and interest, if any, with respect to such Securities to be due and payable;

 

(20) additions to or changes in or deletions of the provisions relating to covenant defeasance and legal defeasance;

 

(21) additions to or changes in the provisions relating to satisfaction and discharge of this Indenture;

 

(22) additions to or changes in the provisions relating to the modification of this Indenture both with and without the consent of Securityholders of Securities issued under this Indenture;

 

(23) the currency of payment of Securities if other than U.S. dollars and the manner of determining the equivalent amount in U.S. dollars;

 

(24) whether interest will be payable in cash or additional Securities at the Company’s or the Securityholders’ option and the terms and conditions upon which the election may be made;

 

(25) the terms and conditions, if any, upon which the Company shall pay amounts in addition to the stated interest, premium, if any and principal amounts of the Securities of the series to any Securityholder that is not a “United States person” for federal tax purposes;

 

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(26) any restrictions on transfer, sale or assignment of the Securities of the series; and

 

(27) any other specific terms, preferences, rights or limitations of, or restrictions on, the Securities, any other additions or changes in the provisions of this Indenture, and any terms that may be required by us or advisable under applicable laws or regulations.

 

All Securities of any one series shall be substantially identical except as may otherwise be provided in or pursuant to any such Board Resolution or in any indentures supplemental hereto.

 

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

 

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

 

Section 2.02 Form of Securities and Trustee’s Certificate.

 

The Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially of the tenor and purport as set forth in one or more indentures supplemental hereto or as provided in a Board Resolution, and set forth in an Officer’s Certificate, and they may have such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which Securities of that series may be listed, or to conform to usage.

 

Section 2.03 Denominations: Provisions for Payment.

 

The Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject to Section 2.01(a)(13). The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect to that series. Subject to Section 2.01(a)(23), the principal of and the interest on the Securities of any series, as well as any premium thereon in case of redemption or repurchase thereof prior to maturity, and any cash amount due upon conversion or exchange thereof, shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for that purpose. Each Security shall be dated the date of its authentication. Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months.

 

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The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment. In the event that any Security of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be paid upon presentation and surrender of such Security as provided in Section 3.03.

 

Any interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (1) or clause (2) below:

 

(1) The Company may make payment of any Defaulted Interest on Securities to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered in the Security Register at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner: the Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall not be more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be sent, to each Securityholder not less than 10 days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been sent as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered in the Security Register on such special record date.

 

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

 

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Unless otherwise set forth in a Board Resolution or one or more indentures supplemental hereto establishing the terms of any series of Securities pursuant to Section 2.01 hereof, the term “regular record date” as used in this Section with respect to a series of Securities and any Interest Payment Date for such series shall mean either the fifteenth day of the month immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the first day of a month, or the first day of the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the fifteenth day of a month, whether or not such date is a Business Day.

 

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

 

Section 2.04 Execution and Authentications.

 

The Securities shall be signed on behalf of the Company by one of its Officers. Signatures may be in the form of a manual or facsimile signature.

 

The Company may use the facsimile signature of any Person who shall have been an Officer (at the time of execution), notwithstanding the fact that at the time the Securities shall be authenticated and delivered or disposed of such Person shall have ceased to be such an officer of the Company. The Securities may contain such notations, legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its authentication by the Trustee.

 

A Security shall not be valid until authenticated manually by an authorized signatory of the Trustee, or by an Authenticating Agent. Such signature shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a written order of the Company for the authentication and delivery of such Securities, signed by an Officer, and the Trustee in accordance with such written order shall authenticate and deliver such Securities.

 

Upon the Company’s delivery of any such authentication order to the Trustee at any time after the initial issuance of Securities under this Indenture, the Trustee shall be provided with, and (subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be fully protected in relying upon, (1) an Opinion of Counsel or reliance letter and (2) an Officer’s Certificate stating that all conditions precedent to the execution, authentication and delivery of such Securities are in conformity with the provisions of this Indenture.

 

The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee.

 

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Section 2.05 Registration of Transfer and Exchange.

 

(a) Securities of any series may be exchanged upon presentation thereof at the office or agency of the Company designated for such purpose, for other Securities of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, all as provided in this Section. In respect of any Securities so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in exchange therefor the Security or Securities of the same series that the Securityholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstanding.

 

(b) The Company shall keep, or cause to be kept, at its office or agency designated for such purpose a register or registers (herein referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities and the transfers of Securities as in this Article provided and which at all reasonable times shall be open for inspection by the Trustee. The registrar for the purpose of registering Securities and transfer of Securities as herein provided shall be appointed as authorized by Board Resolution or Supplemental Indenture (the “Security Registrar”).

 

Upon surrender for transfer of any Security at the office or agency of the Company designated for such purpose, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security or Securities of the same series as the Security presented for a like aggregate principal amount.

 

The Company initially appoints the Trustee as initial Security Registrar for each series of Securities.

 

All Securities presented or surrendered for exchange or registration of transfer, as provided in this Section, shall be accompanied (if so required by the Company or the Security Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Security Registrar, duly executed by the registered holder or by such holder’s duly authorized attorney in writing.

 

(c) Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, no service charge shall be made for any exchange or registration of transfer of Securities, or issue of new Securities in case of partial redemption of any series or repurchase, conversion or exchange of less than the entire principal amount of a Security, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, other than exchanges pursuant to Section 2.06, Section 3.03(b) and Section 9.04 not involving any transfer.

 

(d) The Company and the Security Registrar shall not be required (i) to issue, exchange or register the transfer of any Securities during a period beginning at the opening of business 15 days before the day of the sending of a notice of redemption of less than all the Outstanding Securities of the same series and ending at the close of business on the day of such sending, nor (ii) to register the transfer of or exchange any Securities of any series or portions thereof called for redemption or surrendered for repurchase, but not validly withdrawn, other than the unredeemed portion of any such Securities being redeemed in part or not surrendered for repurchase, as the case may be. The provisions of this Section 2.05 are, with respect to any Global Security, subject to Section 2.11 hereof.

 

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The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

 

Section 2.06 Temporary Securities.

 

Pending the preparation of definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary Securities (printed, lithographed or typewritten) of any authorized denomination. Such temporary Securities shall be substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every temporary Security of any series shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities of such series. Without unnecessary delay the Company will execute and will furnish definitive Securities of such series and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor (without charge to the Securityholders), at the office or agency of the Company designated for the purpose, and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such series, unless the Company advises the Trustee to the effect that definitive Securities need not be executed and furnished until further notice from the Company. Until so exchanged, the temporary Securities of such series shall be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered hereunder.

 

Section 2.07 Mutilated, Destroyed, Lost or Stolen Securities.

 

In case any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (subject to the next succeeding sentence) shall execute, and upon the Company’s request the Trustee (subject as aforesaid) shall authenticate and deliver, a new Security of the same series, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substituted Security shall furnish to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s Security and of the ownership thereof. The Trustee may authenticate any such substituted Security and deliver the same upon the written request or authorization of any officer of the Company. Upon the issuance of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

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In case any Security that has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such security or indemnity as they may require to save them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security and of the ownership thereof.

 

Every replacement Security issued pursuant to the provisions of this Section shall constitute an additional contractual obligation of the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of the same series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender.

 

Section 2.08 Cancellation.

 

All Securities surrendered for the purpose of payment, redemption, repurchase, exchange, registration of transfer or conversion shall, if surrendered to the Company or any paying agent (or any other applicable agent), be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

 

Section 2.09 Benefits of Indenture.

 

Nothing in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the parties hereto and the holders of the Securities any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of the holders of the Securities.

 

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Section 2.10 Authenticating Agent.

 

So long as any of the Securities of any series remain Outstanding there may be an Authenticating Agent for any or all such series of Securities which the Trustee shall have the right to appoint. Said Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, transfer or partial redemption, repurchase or conversion thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. All references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by an Authenticating Agent for such series. Each Authenticating Agent shall be acceptable to the Company and shall be a corporation that has a combined capital and surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction under which it is organized or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to conduct such business and is subject to supervision or examination by federal or state authorities. If at any time any Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately.

 

Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Company. The Trustee may at any time (and upon request by the Company shall) terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon resignation, termination or cessation of eligibility of any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto.

 

Section 2.11 Global Securities.

 

(a) If the Company shall establish pursuant to Section 2.01 that the Securities of a particular series are to be issued as a Global Security, then the Company shall execute and the Trustee shall, in accordance with Section 2.04, authenticate and deliver, a Global Security that (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such series, (ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction (or if the Depositary names the Trustee as its custodian, retained by the Trustee), and (iv) shall bear a legend substantially to the following effect: “Except as otherwise provided in Section 2.11 of the Indenture, this Security may be transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary.”

 

(b) Notwithstanding the provisions of Section 2.05, the Global Security of a series may be transferred, in whole but not in part and in the manner provided in Section 2.05, only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or approved by the Company or to a nominee of such successor Depositary.

 

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(c) If at any time the Depositary for a series of the Securities notifies the Company that it is unwilling or unable to continue as Depositary for such series or if at any time the Depositary for such series shall no longer be registered or in good standing under the Exchange Act, or other applicable statute or regulation, and a successor Depositary for such series is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such condition, as the case may be, or if an Event of Default has occurred and is continuing and the Company has received a request from the Depositary or from the Trustee, this Section 2.11 shall no longer be applicable to the Securities of such series and the Company will execute, and subject to Section 2.04, the Trustee will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. In addition, the Company may at any time determine that the Securities of any series shall no longer be represented by a Global Security and that the provisions of this Section 2.11 shall no longer apply to the Securities of such series. In such event the Company will execute and, subject to Section 2.04, the Trustee, upon receipt of an Officer’s Certificate evidencing such determination by the Company, will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. Upon the exchange of the Global Security for such Securities in definitive registered form without coupons, in authorized denominations, the Global Security shall be canceled by the Trustee. Such Securities in definitive registered form issued in exchange for the Global Security pursuant to this Section 2.11(c) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered.

 

Section 2.12 CUSIP Numbers.

 

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

 

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ARTICLE 3

 

REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS

 

Section 3.01 Redemption.

 

The Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01 hereof.

 

Section 3.02 Notice of Redemption.

 

(a) In case the Company shall desire to exercise such right to redeem all or, as the case may be, a portion of the Securities of any series in accordance with any right the Company reserved for itself to do so pursuant to Section 2.01 hereof, the Company shall, or shall cause the Trustee to, give notice of such redemption to holders of the Securities of such series to be redeemed by mailing, first class postage prepaid (or with regard to any Global Security held in book entry form, by electronic mail in accordance with the applicable procedures of the Depositary), a notice of such redemption not less than 30 days and not more than 90 days before the date fixed for redemption of that series to such Securityholders, unless a shorter period is specified in the Securities to be redeemed. Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the notice. In any case, failure duly to give such notice to the holder of any Security of any series designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Securities of such series or any other series. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with any such restriction.

 

Each such notice of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any), specify the date fixed for redemption and the redemption price at which Securities of that series are to be redeemed, and shall state that payment of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company, upon presentation and surrender of such Securities, that interest accrued to the date fixed for redemption will be paid as specified in said notice, that from and after said date interest will cease to accrue and that the redemption is from a sinking fund, if such is the case. If less than all the Securities of a series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in part shall specify the particular Securities to be so redeemed.

 

In case any Security is to be redeemed in part only, the notice that relates to such Security shall state the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued.

 

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(b) If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days’ notice (unless a shorter notice shall be satisfactory to the Trustee) in advance of the date fixed for redemption as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Securities to be redeemed shall be selected, by lot, on a pro rata basis, or in such other manner as the Company shall deem appropriate and fair in its discretion and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or any integral multiple thereof) of the principal amount of such Securities of a denomination larger than $1,000, the Securities to be redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part. The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Officer, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice by mail that may be required under the provisions of this Section.

 

Section 3.03 Payment Upon Redemption.

 

(a) If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to, but excluding, the date fixed for redemption and interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at the applicable redemption price for such series, together with interest accrued thereon to, but excluding, the date fixed for redemption (but if the date fixed for redemption is an Interest Payment Date, the interest installment payable on such date shall be payable to the registered holder at the close of business on the applicable record date pursuant to Section 2.03).

 

(b) Upon presentation of any Security of such series that is to be redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or agency where the Security is presented shall deliver to the Securityholder thereof, at the expense of the Company, a new Security of the same series of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented.

 

Section 3.04 Sinking Fund.

 

The provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise specified as contemplated by Section 2.01 for Securities of such series.

 

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The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.

 

Section 3.05 Satisfaction of Sinking Fund Payments with Securities.

 

The Company (i) may deliver Outstanding Securities of a series and (ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

 

Section 3.06 Redemption of Securities for Sinking Fund.

 

Not less than 45 days prior to each sinking fund payment date for any series of Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of the series, the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that series pursuant to Section 3.05 and the basis for such credit and will, together with such Officer’s Certificate, deliver to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Securities to be redeemed upon such sinking fund payment date shall be selected in the manner specified in Section 3.02 and the Company shall cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.02. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.03.

 

 

ARTICLE 4

 

COVENANTS

 

Section 4.01 Payment of Principal, Premium and Interest.

 

The Company will duly and punctually pay or cause to be paid the principal of (and premium, if any) and interest on the Securities of that series at the time and place and in the manner provided herein and established with respect to such Securities. Payments of principal on the Securities may be made at the time provided herein and established with respect to such Securities by U.S. dollar check drawn on and mailed to the address of the Securityholder entitled

 

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thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account if such Securityholder shall have furnished wire instructions to the Trustee no later than 15 days prior to the relevant payment date. Payments of interest on the Securities may be made at the time provided herein and established with respect to such Securities by U.S. dollar check mailed to the address of the Securityholder entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account if such Securityholder shall have furnished wire instructions in writing to the Security Registrar and the Trustee no later than 15 days prior to the relevant payment date.

 

Section 4.02 Maintenance of Office or Agency.

 

So long as any series of the Securities remain Outstanding, the Company agrees to maintain an office or agency with respect to each such series and at such other location or locations as may be designated as provided in this Section 4.02, where (i) Securities of that series may be presented for payment, (ii) Securities of that series may be presented as herein above authorized for registration of transfer and exchange, and (iii) notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be given or served, such designation to continue with respect to such office or agency until the Company shall, by written notice signed by any officer authorized to sign an Officer’s Certificate and delivered to the Trustee, designate some other office or agency for such purposes or any of them. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, notices and demands. The Company initially appoints the Corporate Trust Office of the Trustee as its paying agent with respect to the Securities.

 

Section 4.03 Paying Agents.

 

(a) If the Company shall appoint one or more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section:

 

(1) that it will hold all sums held by it as such agent for the payment of the principal of (and premium, if any) or interest on the Securities of that series (whether such sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto;

 

(2) that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to make any payment of the principal of (and premium, if any) or interest on the Securities of that series when the same shall be due and payable;

 

(3) that it will, at any time during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and

 

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(4) that it will perform all other duties of paying agent as set forth in this Indenture.

 

(b) If the Company shall act as its own paying agent with respect to any series of the Securities, it will on or before each due date of the principal of (and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due on Securities of that series until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other obligor on such Securities) to take such action. Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with the paying agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of this action or failure so to act.

 

(c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums in trust as provided in this Section is subject to the provisions of Section 11.05, and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or such paying agent; and, upon such payment by the Company or any paying agent to the Trustee, the Company or such paying agent shall be released from all further liability with respect to such money.

 

Section 4.04 Appointment to Fill Vacancy in Office of Trustee.

 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a Trustee, so that there shall at all times be a Trustee hereunder.

 

 

ARTICLE 5

 

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND

THE TRUSTEE

 

Section 5.01 Company to Furnish Trustee Names and Addresses of Securityholders.

 

The Company will furnish or cause to be furnished to the Trustee (a) within 15 days after each regular record date (as defined in Section 2.03) a list, in such form as the Trustee may reasonably require, of the names and addresses of the holders of each series of Securities as of such regular record date, provided that the Company shall not be obligated to furnish or cause to furnish such list at any time that the list shall not differ in any respect from the most recent list furnished to the Trustee by the Company and (b) at such other times as the Trustee may request in writing within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, in either case, no such list need be furnished for any series for which the Trustee shall be the Security Registrar.

 

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Section 5.02 Preservation Of Information; Communications With Securityholders.

 

(a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the holders of Securities contained in the most recent list furnished to it as provided in Section 5.01 and as to the names and addresses of holders of Securities received by the Trustee in its capacity as Security Registrar (if acting in such capacity).

 

(b) The Trustee may destroy any list furnished to it as provided in Section 5.01 upon receipt of a new list so furnished.

 

(c) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act with other Securityholders with respect to their rights under this Indenture or under the Securities, and, in connection with any such communications, the Trustee shall satisfy its obligations under Section 312(b) of the Trust Indenture Act in accordance with the provisions of Section 312(b) of the Trust Indenture Act.

 

Section 5.03 Reports by the Company.

 

(a) The Company will at all times comply with Section 314(a) of the Trust Indenture Act. The Company covenants and agrees to provide (which delivery may be via electronic mail) to the Trustee within 30 days, after the Company files the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the Company is required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; provided, however, the Company shall not be required to deliver to the Trustee any correspondence filed with the Commission or any materials for which the Company has sought and received confidential treatment by the Commission; and provided further, that so long as such filings by the Company are available on the Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), or any successor system, such filings shall be deemed to have been filed with the Trustee for purposes hereof without any further action required by the Company. For the avoidance of doubt, a failure by the Company to file annual reports, information and other reports with the Commission within the time period prescribed thereof by the Commission shall not be deemed a breach of this Section 5.03.

 

(b) Delivery of reports, information and documents to the Trustee under Section 5.03 is for informational purposes only and the information and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein, or determinable from information contained therein including the Company’s compliance with any of their covenants thereunder (as to which the Trustee is entitled to rely exclusively on an Officer’s Certificate). The Trustee is under no duty to examine any such reports, information or documents delivered to the Trustee or filed with the Commission via EDGAR to ensure compliance with the provision of this Indenture or to ascertain the correctness or otherwise of the information or the statements contained therein. The Trustee shall have no responsibility or duty whatsoever to ascertain or determine whether the above referenced filings with the Commission on EDGAR (or any successor system) has occurred.

 

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Section 5.04 Reports by the Trustee.

 

(a) If required by Section 313(a) of the Trust Indenture Act, the Trustee, within sixty (60) days after each May 1, shall send to the Securityholders a brief report dated as of such May 1, which complies with Section 313(a) of the Trust Indenture Act.

 

(b) The Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture Act.

 

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

 

 

ARTICLE 6

 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF

DEFAULT

 

Section 6.01 Events of Default.

 

(a) Whenever used herein with respect to Securities of a particular series, “Event of Default” means any one or more of the following events that has occurred and is continuing:

 

(1) the Company defaults in the payment of any installment of interest upon any of the Securities of that series, as and when the same shall become due and payable, and such default continues for a period of 90 days; provided, however, that a valid extension of an interest payment period by the Company in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of interest for this purpose;

 

(2) the Company defaults in the payment of the principal of (or premium, if any, on) any of the Securities of that series as and when the same shall become due and payable whether at maturity, upon redemption, by declaration or otherwise, or in any payment required by any sinking or analogous fund established with respect to that series; provided, however, that a valid extension of the maturity of such Securities in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of principal or premium, if any;

 

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(3) the Company fails to observe or perform any other of its covenants or agreements with respect to that series contained in this Indenture or otherwise established with respect to that series of Securities pursuant to Section 2.01 hereof (other than a covenant or agreement that has been expressly included in this Indenture solely for the benefit of one or more series of Securities other than such series) for a period of 90 days after the date on which written notice of such failure, requiring the same to be remedied and stating that such notice is a “Notice of Default” hereunder, shall have been given to the Company by the Trustee, by registered or certified mail, or to the Company and the Trustee by the holders of at least 25% in principal amount of the Securities of that series at the time Outstanding;

 

(4) the Company pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case, (ii) consents to the entry of an order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property or (iv) makes a general assignment for the benefit of its creditors; or

 

(5) a court of competent jurisdiction enters an order under any Bankruptcy Law that (i) is for relief against the Company in an involuntary case, (ii) appoints a Custodian of the Company for all or substantially all of its property or (iii) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 90 days.

 

(b) In each and every such case (other than an Event of Default specified in clause (4) or clause (5) above), unless the principal of all the Securities of that series shall have already become due and payable, either the Trustee or the holders of not less than 25% in aggregate principal amount of the Securities of that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by such Securityholders), may declare the principal of (and premium, if any, on) and accrued and unpaid interest on all the Securities of that series to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable. If an Event of Default specified in clause (4) or clause (5) above occurs, the principal of and accrued and unpaid interest on all the Securities of that series shall automatically be immediately due and payable without any declaration or other act on the part of the Trustee or the holders of the Securities.

 

(c) At any time after the principal of (and premium, if any, on) and accrued and unpaid interest on the Securities of that series shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the holders of a majority in aggregate principal amount of the Securities of that series then Outstanding hereunder, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: (i) the Company has paid or deposited with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of that series and the principal of (and premium, if any, on) any and all Securities of that series that shall have become due otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent that such payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Securities of that series to the date of such payment or deposit) and the amount payable to the Trustee under Section 7.06, and (ii) any and all Events of Default under the Indenture with respect to such series, other than the nonpayment of principal on (and premium, if any, on) and accrued and unpaid interest on Securities of that series that shall not have become due by their terms, shall have been remedied or waived as provided in Section 6.06. No such rescission and annulment shall extend to or shall affect any subsequent default or impair any right consequent thereon.

 

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(d) In case the Trustee shall have proceeded to enforce any right with respect to Securities of that series under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case, subject to any determination in such proceedings, the Company and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though no such proceedings had been taken.

 

Section 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee.

 

(a) The Company covenants that (i) in case it shall default in the payment of any installment of interest on any of the Securities of a series, or in any payment required by any sinking or analogous fund established with respect to that series as and when the same shall have become due and payable, and such default shall have continued for a period of 90 days, or (ii) in case it shall default in the payment of the principal of (or premium, if any, on) any of the Securities of a series when the same shall have become due and payable, whether upon maturity of the Securities of a series or upon redemption or upon declaration or otherwise then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the holders of the Securities of that series, the whole amount that then shall have been become due and payable on all such Securities for principal (and premium, if any) or interest, or both, as the case may be, with interest upon the overdue principal (and premium, if any) and (to the extent that payment of such interest is enforceable under applicable law) upon overdue installments of interest at the rate per annum expressed in the Securities of that series; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, and the amount payable to the Trustee under Section 7.06.

 

(b) If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce any such judgment or final decree against the Company or other obligor upon the Securities of that series and collect the moneys adjudged or decreed to be payable in the manner provided by law or equity out of the property of the Company or other obligor upon the Securities of that series, wherever situated.

 

(c) In case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings affecting the Company, or its creditors or property, the Trustee shall have power to intervene in such proceedings and take any action therein that may be permitted by the court and shall (except as may be otherwise provided by law) be entitled to file such proofs of claim and other papers and documents as may be necessary or advisable in order to have the claims of the Trustee and of the

 

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holders of Securities of such series allowed for the entire amount due and payable by the Company under the Indenture at the date of institution of such proceedings and for any additional amount that may become due and payable by the Company after such date, and to collect and receive any moneys or other property payable or deliverable on any such claim, and to distribute the same after the deduction of the amount payable to the Trustee under Section 7.06; and any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders of Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such payments directly to such Securityholders, to pay to the Trustee any amount due it under Section 7.06.

 

(d) All rights of action and of asserting claims under this Indenture, or under any of the terms established with respect to Securities of that series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof at any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under Section 7.06, be for the ratable benefit of the holders of the Securities of such series.

 

In case of an Event of Default hereunder, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in the Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.

 

Nothing contained herein shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series or the rights of any Securityholder thereof or to authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

 

Section 6.03 Application of Moneys Collected.

 

Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

 

FIRST: To the payment of costs and expenses of collection and of all amounts payable to the Trustee under Section 7.06;

 

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

 

THIRD: To the payment of the remainder, if any, to the Company or any other Person lawfully entitled thereto.

 

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Section 6.04 Limitation on Suits.

 

No holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (i) such Securityholder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof with respect to the Securities of such series specifying such Event of Default, as hereinbefore provided; (ii) the holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder; (iii) such Securityholder or Securityholders shall have offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; (iv) the Trustee for 90 days after its receipt of such notice, request and offer of indemnity, shall have failed to institute any such action, suit or proceeding and (v) during such 90 day period, the holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request.

 

Notwithstanding anything contained herein to the contrary or any other provisions of this Indenture, the right of any holder of any Security to receive payment of the principal of (and premium, if any) and interest on such Security, as therein provided, on or after the respective due dates expressed in such Security (or in the case of redemption, on the redemption date), or to institute suit for the enforcement of any such payment on or after such respective dates or redemption date, shall not be impaired or affected without the consent of such holder and by accepting a Security hereunder it is expressly understood, intended and covenanted by the taker and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities of such series shall have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities, or to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all holders of Securities of such series. For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.

 

Section 6.05 Rights and Remedies Cumulative; Delay or Omission Not Waiver.

 

(a) Except as otherwise provided in Section 2.07, all powers and remedies given by this Article to the Trustee or to the Securityholders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture or otherwise established with respect to such Securities.

 

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(b) No delay or omission of the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power, or shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article or by law to the Trustee or the Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders.

 

Section 6.06 Control by Securityholders.

 

The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance with Section 8.04, shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee with respect to such series; provided, however, that such direction shall not be in conflict with any rule of law or with this Indenture or subject the Trustee in its sole discretion to personal liability. Subject to the provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer or officers of the Trustee, determine that the proceeding so directed, subject to the Trustee’s duties under the Trust Indenture Act, would involve the Trustee in personal liability or might be unduly prejudicial to the Securityholders not involved in the proceeding. The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding affected thereby, determined in accordance with Section 8.04, may on behalf of the holders of all of the Securities of such series waive any past default in the performance of any of the covenants contained herein or established pursuant to Section 2.01 with respect to such series and its consequences, except a default in the payment of the principal of, or premium, if any, or interest on, any of the Securities of that series as and when the same shall become due by the terms of such Securities otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been deposited with the Trustee (in accordance with Section 6.01(c)). Upon any such waiver, the default covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 

Section 6.07 Undertaking to Pay Costs.

 

All parties to this Indenture agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses

 

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made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding Securities of any series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of (or premium, if any) or interest on any Security of such series, on or after the respective due dates expressed in such Security or established pursuant to this Indenture.

 

 

ARTICLE 7

 

CONCERNING THE TRUSTEE

 

Section 7.01 Certain Duties and Responsibilities of Trustee.

 

(a) The Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to the Securities of that series that may have occurred, shall undertake to perform with respect to the Securities of such series such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his or her own affairs.

 

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

 

(i) prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving of all such Events of Default with respect to that series that may have occurred:

 

(A) the duties and obligations of the Trustee shall with respect to the Securities of such series be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

 

(B) in the absence of bad faith on the part of the Trustee, the Trustee may with respect to the Securities of such series conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture;

 

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

 

(iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the holders of not less than a majority in principal amount of the Securities of any series at the time Outstanding relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee under this Indenture with respect to the Securities of that series;

 

(iv) none of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers if there is reasonable ground for believing that the repayment of such funds or liability is not reasonably assured to it under the terms of this Indenture or adequate indemnity against such risk is not reasonably assured to it;

 

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

 

(vi) The permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty of the Trustee; and

 

(vii) No Trustee shall have any duty or responsibility for any act or omission of any other Trustee appointed with respect to a series of Securities hereunder.

 

Section 7.02 Certain Rights of Trustee.

 

Except as otherwise provided in Section 7.01:

 

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

 

(b) Any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Board Resolution or an instrument signed in the name of the Company by any authorized Officer of the Company (unless other evidence in respect thereof is specifically prescribed herein);

 

(c) The Trustee may consult with counsel and the opinion or written advice of such counsel or, if requested, any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon;

 

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(d) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee security or indemnity reasonably acceptable to the Trustee against the costs, expenses and liabilities that may be incurred therein or thereby; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default with respect to a series of the Securities (that has not been cured or waived), to exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and to use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his or her own affairs;

 

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

 

(f) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security, or other papers or documents or inquire as to the performance by the Company of one of its covenants under this Indenture, unless requested in writing so to do by the holders of not less than a majority in principal amount of the Outstanding Securities of the particular series affected thereby (determined as provided in Section 8.04); provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require security or indemnity reasonably acceptable to the Trustee against such costs, expenses or liabilities as a condition to so proceeding. The reasonable expense of every such examination shall be paid by the Company or, if paid by the Trustee, shall be repaid by the Company upon demand;

 

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

 

(h) In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances;

 

(i) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; and

 

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(j) The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods; provided, however, that such instructions or directions shall be signed by an authorized representative of the party providing such instructions or directions. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties. The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to furnish the Trustee with Officer’s Certificates, Company Orders and any other matters or directions pursuant to this Indenture.

 

(k) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder and under the Securities, and each agent, custodian or other person employed to act under this Indenture.

 

(l) The Trustee shall not be deemed to have knowledge of any Default or Event of Default (other than an Event of Default constituting the failure to pay the interest on, or the principal of, the Securities if the Trustee also serves the paying agent for such Securities) until the Trustee shall have received written notification in the manner set forth in this Indenture or a Responsible Officer of the Trustee shall have obtained actual knowledge.

 

Section 7.03 Trustee Not Responsible for Recitals or Issuance or Securities.

 

(a) The recitals contained herein and in the Securities shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee shall not be responsible for any statement in any registration statement, prospectus, or any other document in connection with the sale of Securities. The Trustee shall not be responsible for any rating on the Securities or any action or omission of any rating agency.

 

(b) The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities.

 

(c) The Trustee shall not be accountable for the use or application by the Company of any of the Securities or of the proceeds of such Securities, or for the use or application of any moneys paid over by the Trustee in accordance with any provision of this Indenture or established pursuant to Section 2.01, or for the use or application of any moneys received by any paying agent other than the Trustee.

 

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Section 7.04 May Hold Securities.

 

The Trustee or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar.

 

Section 7.05 Moneys Held in Trust.

 

Subject to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon.

 

Section 7.06 Compensation and Reimbursement.

 

(a) The Company shall pay to the Trustee for each of its capacities hereunder from time to time compensation for its services as the Company and the Trustee shall from time to time agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel.

 

(b) The Company shall indemnify each of the Trustee in each of its capacities hereunder against any loss, liability or expense (including the cost of defending itself and including the reasonable compensation and expenses of the Trustee’s agents and counsel) incurred by it except as set forth in Section 7.06(c) in the exercise or performance of its powers, rights or duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee.

 

(c) The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director, employee, shareholder or agent of the Trustee through negligence or bad faith.

 

(d) To ensure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities on all funds or property held or collected by the Trustee, except that held in trust to pay principal of or interest on particular Securities. When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 6.01(4) or (5), the expenses (including the reasonable fees and expenses of its counsel) and the compensation for services in connection therewith are to constitute expenses of administration under any bankruptcy law. The provisions of this Section 7.06 shall survive the termination of this Indenture and the resignation or removal of the Trustee.

 

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Section 7.07 Reliance on Officer’s Certificate.

 

Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it reasonably necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted to be taken by it under the provisions of this Indenture upon the faith thereof.

 

Section 7.08 Disqualification; Conflicting Interests.

 

If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

 

Section 7.09 Corporate Trustee Required; Eligibility.

 

There shall at all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized and doing business under the laws of the United States of America or any state or territory thereof or of the District of Columbia, or a corporation or other Person permitted to act as trustee by the Commission, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least fifty million U.S. dollars ($50,000,000), and subject to supervision or examination by federal, state, territorial, or District of Columbia authority.

 

If such corporation or other Person publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation or other Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Company may not, nor may any Person directly or indirectly controlling, controlled by, or under common control with the Company, serve as Trustee. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.

 

Section 7.10 Resignation and Removal; Appointment of Successor.

 

(a) The Trustee or any successor hereafter appointed may at any time resign with respect to the Securities of one or more series by giving written notice thereof to the Company and the Securityholders of such series. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee with respect to Securities of such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days

 

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after the sending of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee with respect to Securities of such series, or any Securityholder of that series who has been a bona fide holder of a Security or Securities for at least six months may on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

 

(b) In case at any time any one of the following shall occur:

 

(i) the Trustee shall fail to comply with the provisions of Section 7.08 after written request therefor by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or

 

(ii) the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and shall fail to resign after written request therefor by the Company or by any such Securityholder; or

 

(iii) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation;

 

then, in any such case, the Company may remove the Trustee with respect to all Securities and appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or any Securityholder who has been a bona fide holder of a Security or Securities for at least six months may, on behalf of that holder and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee.

 

(c) The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding may at any time remove the Trustee with respect to such series by so notifying the Trustee and the Company and may appoint a successor Trustee for such series with the consent of the Company.

 

(d) Any resignation or removal of the Trustee and appointment of a successor trustee with respect to the Securities of a series pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11.

 

(e) Any successor trustee appointed pursuant to this Section may be appointed with respect to the Securities of one or more series or all of such series, and at any time there shall be only one Trustee with respect to the Securities of any particular series.

 

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Section 7.11 Acceptance of Appointment By Successor.

 

(a) In case of the appointment hereunder of a successor trustee with respect to all Securities, every such successor trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor trustee, such retiring Trustee shall, upon payment of any amounts due to it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights, powers, and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor trustee all property and money held by such retiring Trustee hereunder.

 

(b) In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (ii) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for any act or failure to act on the part of any other Trustee hereunder; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those series to which the appointment of such successor trustee relates have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture, and each such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates; but, on request of the Company or any successor trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor trustee relates.

 

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

 

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

 

(e) Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall send notice of the succession of such trustee hereunder to the Securityholders. If the Company fails to transmit such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be transmitted at the expense of the Company.

 

Section 7.12 Merger, Conversion, Consolidation or Succession to Business.

 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, including the administration of the trust created by this Indenture, shall be the successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.

 

Section 7.13 Preferential Collection of Claims Against the Company.

 

The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

 

Section 7.14 Notice of Default.

 

If any Event of Default occurs and is continuing and if such Event of Default is known to a Responsible Officer of the Trustee, the Trustee shall send to each Securityholder in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act notice of the Event of Default within the earlier of 90 days after it occurs and 30 days after it is known to a Responsible Officer of the Trustee or written notice of it is received by the Trustee, unless such Event of Default has been cured; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Security, the Trustee shall be protected in withholding such notice if and so long as the Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Securityholders.

 

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ARTICLE 8

 

CONCERNING THE SECURITYHOLDERS

 

Section 8.01 Evidence of Action by Securityholders.

 

Whenever in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the Securities of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of such majority or specified percentage of that series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Securities of that series in person or by agent or proxy appointed in writing.

 

If the Company shall solicit from the Securityholders of any series any request, demand, authorization, direction, notice, consent, waiver or other action, the Company may, at its option, as evidenced by an Officer’s Certificate, fix in advance a record date for such series for the determination of Securityholders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other action may be given before or after the record date, but only the Securityholders of record at the close of business on the record date shall be deemed to be Securityholders for the purposes of determining whether Securityholders of the requisite proportion of Outstanding Securities of that series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that purpose the Outstanding Securities of that series shall be computed as of the record date; provided, however, that no such authorization, agreement or consent by such Securityholders on the record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date.

 

Section 8.02 Proof of Execution by Securityholders.

 

Subject to the provisions of Section 7.01, proof of the execution of any instrument by a Securityholder (such proof will not require notarization) or his or her agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner:

 

(a) The fact and date of the execution by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee.

 

(b) The ownership of Securities shall be proved by the Security Register of such Securities or by a certificate of the Security Registrar thereof.

 

The Trustee may require such additional proof of any matter referred to in this Section as it shall deem necessary.

 

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Section 8.03 Who May be Deemed Owners.

 

Prior to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Security Registrar as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to Section 2.03) interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any notice to the contrary.

 

Section 8.04 Certain Securities Owned by Company Disregarded.

 

In determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred in any direction, consent or waiver under this Indenture, the Securities of that series that are owned by the Company or any other obligor on the Securities of that series or by any Person directly or indirectly controlling or controlled by or under common control with the Company or any other obligor on the Securities of that series shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction, consent or waiver, only Securities of such series that the Trustee actually knows are so owned shall be so disregarded. The Securities so owned that have been pledged in good faith may be regarded as Outstanding for the purposes of this Section, if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not a Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee.

 

Section 8.05 Actions Binding on Future Securityholders.

 

At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action, any holder of a Security of that series that is shown by the evidence to be included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee, and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities of that series.

 

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ARTICLE 9

 

SUPPLEMENTAL INDENTURES

 

Section 9.01 Supplemental Indentures Without the Consent of Securityholders.

 

In addition to any supplemental indenture otherwise authorized by this Indenture, the Company and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect), without the consent of the Securityholders, for one or more of the following purposes:

 

(a) to cure any ambiguity, defect, or inconsistency herein or in the Securities of any series;

 

(b) to comply with Article Ten;

 

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

 

(d) to add to the covenants, restrictions, conditions or provisions relating to the Company for the benefit of the holders of all or any series of Securities (and if such covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of Securities, stating that such covenants, restrictions, conditions or provisions are expressly being included solely for the benefit of such series), to make the occurrence, or the occurrence and the continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default, or to surrender any right or power herein conferred upon the Company;

 

(e) to add to, delete from, or revise the conditions, limitations, and restrictions on the authorized amount, terms, or purposes of issue, authentication, and delivery of Securities, as herein set forth;

 

(f) to make any change that does not adversely affect the rights of any Securityholder in any material respect;

 

(g) to provide for the issuance of and establish the form and terms and conditions of the Securities of any series as provided in Section 2.01, to establish the form of any certifications required to be furnished pursuant to the terms of this Indenture or any series of Securities, or to add to the rights of the holders of any series of Securities;

 

(h) to evidence and provide for the acceptance of appointment hereunder by a successor trustee; or

 

(i) to comply with any requirements of the Commission or any successor in connection with the qualification of this Indenture under the Trust Indenture Act.

 

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The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 

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

 

Section 9.02 Supplemental Indentures With Consent of Securityholders.

 

With the consent (evidenced as provided in Section 8.01) of the holders of not less than a majority in aggregate principal amount of the Securities of each series affected by such supplemental indenture or indentures at the time Outstanding, the Company, when authorized by a Board Resolution, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner not covered by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the holders of each Security then Outstanding and affected thereby, (a) extend the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof or (b) reduce the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture.

 

It shall not be necessary for the consent of the Securityholders of any series affected thereby under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof.

 

Section 9.03 Effect of Supplemental Indentures.

 

Upon the execution of any supplemental indenture pursuant to the provisions of this Article or of Section 10.01, this Indenture shall, with respect to such series, be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the holders of Securities of the series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes.

 

Section 9.04 Securities Affected by Supplemental Indentures.

 

Securities of any series affected by a supplemental indenture, authenticated and delivered after the execution of such supplemental indenture pursuant to the provisions of this Article or of Section 10.01, may bear a notation in form approved by the Company, provided such form meets

 

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the requirements of any securities exchange upon which such series may be listed, as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the Securities of that series then Outstanding.

 

Section 9.05 Execution of Supplemental Indentures.

 

Upon the request of the Company, accompanied by its Board Resolutions authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion but shall not be obligated to enter into such supplemental indenture. The Trustee, subject to the provisions of Section 7.01, shall receive an Officer’s Certificate or an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by the terms of this Article and that all conditions precedent to the execution of the supplemental indenture have been complied with; provided, however, that such Officer’s Certificate or Opinion of Counsel need not be provided in connection with the execution of a supplemental indenture that establishes the terms of a series of Securities pursuant to Section 2.01 hereof.

 

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Company shall (or shall direct the Trustee to) send a notice, setting forth in general terms the substance of such supplemental indenture, to the Securityholders of all series affected thereby as their names and addresses appear upon the Security Register. Any failure of the Company to send, or cause the sending of, such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

 

 

ARTICLE 10

 

SUCCESSOR ENTITY

 

Section 10.01 Company May Consolidate, Etc.

 

Nothing contained in this Indenture shall prevent any consolidation or merger of the Company with or into any other Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or its successor or successors shall be a party or parties, or shall prevent any sale, conveyance, transfer or other disposition of the property of the Company or its successor or successors as an entirety, or substantially as an entirety, to any other Person (whether or not affiliated with the Company or its successor or successors); provided, however, the Company hereby covenants and agrees that, upon any such consolidation or merger (in each case, if the Company is not the survivor of such transaction) or any such sale, conveyance, transfer or other disposition (other than a sale, conveyance, transfer or other disposition to a Subsidiary of the Company), the due and punctual payment of the

 

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principal of (premium, if any) and interest on all of the Securities of all series in accordance with the terms of each series, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture with respect to each series or established with respect to such series pursuant to Section 2.01 to be kept or performed by the Company shall be expressly assumed, by supplemental indenture (which shall conform to the provisions of the Trust Indenture Act, as then in effect) reasonably satisfactory in form to the Trustee executed and delivered to the Trustee by the entity formed by such consolidation, or into which the Company shall have been merged, or by the entity which shall have acquired such property.

 

Section 10.02 Successor Entity Substituted.

 

(a) In case of any such consolidation, merger, sale, conveyance, transfer or other disposition and upon the assumption by the successor entity by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the obligations set forth under Section 10.01 on all of the Securities of all series Outstanding, such successor entity shall succeed to and be substituted for the Company with the same effect as if it had been named as the Company herein, and thereupon the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Securities.

 

(b) In case of any such consolidation, merger, sale, conveyance, transfer or other disposition, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate.

 

(c) Nothing contained in this Article shall require any action by the Company in the case of a consolidation or merger of any Person into the Company where the Company is the survivor of such transaction, or the acquisition by the Company, by purchase or otherwise, of all or any part of the property of any other Person (whether or not affiliated with the Company).

 

ARTICLE 11

 

SATISFACTION AND DISCHARGE

 

Section 11.01 Satisfaction and Discharge of Indenture.

 

If at any time: (a) the Company shall have delivered to the Trustee for cancellation all Securities of a series theretofore authenticated and not delivered to the Trustee for cancellation (other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided in Section 2.07 and Securities for whose payment money or Governmental Obligations have theretofore been deposited in trust or segregated and held in trust by the Company and thereupon repaid to the Company or discharged from such trust, as provided in Section 11.05); or (b) all such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit or cause to be deposited with the Trustee as trust funds the entire amount in moneys or Governmental Obligations or a combination thereof, sufficient in the

 

42

 

opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay at maturity or upon redemption all Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder with respect to such series by the Company then this Indenture shall thereupon cease to be of further effect with respect to such series except for the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03, 7.10, 11.5 and 13.04, that shall survive until the date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.05, that shall survive to such date and thereafter, and the Trustee, on demand of the Company and at the cost and expense of the Company shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to such series.

 

Section 11.02 Discharge of Obligations.

 

If at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described in Section 11.01 shall have been paid by the Company by depositing irrevocably with the Trustee as trust funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations, as the case may be, are deposited with the Trustee the obligations of the Company under this Indenture with respect to such series shall cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03, 7.06, 7.10, 11.05 and 13.04 hereof that shall survive until such Securities shall mature and be paid.

 

Thereafter, Sections 7.06 and 11.05 shall survive.

 

Section 11.03 Deposited Moneys to be Held in Trust.

 

All moneys or Governmental Obligations deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee.

 

Section 11.04 Payment of Moneys Held by Paying Agents.

 

In connection with the satisfaction and discharge of this Indenture all moneys or Governmental Obligations then held by any paying agent under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys or Governmental Obligations.

 

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Section 11.05 Repayment to Company.

 

Any moneys or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment of principal of or premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least two years after the date upon which the principal of (and premium, if any) or interest on such Securities shall have respectively become due and payable, or such other shorter period set forth in applicable escheat or abandoned or unclaimed property law, shall be repaid to the Company on May 31 of each year or upon the Company’s request or (if then held by the Company) shall be discharged from such trust; and thereupon the paying agent and the Trustee shall be released from all further liability with respect to such moneys or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment shall thereafter, as a general creditor, look only to the Company for the payment thereof.

 

 

ARTICLE 12

 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND

DIRECTORS

 

Section 12.01 No Recourse.

 

No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Securities.

 

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ARTICLE 13

 

MISCELLANEOUS PROVISIONS

 

Section 13.01 Effect on Successors and Assigns.

 

All the covenants, stipulations, promises and agreements in this Indenture made by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not.

 

Section 13.02 Actions by Successor.

 

Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the corresponding board, committee or officer of any corporation that shall at the time be the lawful successor of the Company.

 

Section 13.03 Surrender of Company Powers.

 

The Company by instrument in writing executed by authority of its Board of Directors and delivered to the Trustee may surrender any of the powers reserved to the Company, and thereupon such power so surrendered shall terminate both as to the Company and as to any successor corporation.

 

Section 13.04 Notices.

 

Except as otherwise expressly provided herein, any notice, request or demand that by any provision of this Indenture is required or permitted to be given, made or served by the Trustee, the Security Registrar, any paying or other agent under this Indenture or by the holders of Securities or by any other Person pursuant to this Indenture to or on the Company may be given or served by being deposited in first class mail, postage prepaid, addressed (until another address is filed in writing by the Company with the Trustee), as follows: [__]. Any notice, election, request or demand by the Company or any Securityholder or by any other Person pursuant to this Indenture to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee.

 

Section 13.05 Governing Law; Jury Trial Waiver.

 

This Indenture and each Security shall be governed by, and construed in accordance with, the internal laws of the State of New York, except to the extent that the Trust Indenture Act is applicable.

 

EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

 

45

 

Section 13.06 Treatment of Securities as Debt.

 

It is intended that the Securities will be treated as indebtedness and not as equity for federal income tax purposes. The provisions of this Indenture shall be interpreted to further this intention.

 

Section 13.07 Certificates and Opinions as to Conditions Precedent.

 

(a) Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent provided for in this Indenture (other than the certificate to be delivered pursuant to Section 13.12) relating to the proposed action have been complied with and, if requested, an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished.

 

(b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant in this Indenture (other than the certificate to be delivered pursuant to Section 13.12 of this Indenture or Section 314(a)(1) of the Trust Indenture Act) shall include (i) a statement that the Person making such certificate or opinion has read such covenant or condition; (ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; (iii) a statement that, in the opinion of such Person, he has made such examination or investigation as is reasonably necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and (iv) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with.

 

Section 13.08 Payments on Business Days.

 

Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a Business Day, then payment of interest or principal (and premium, if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period after such nominal date.

 

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Section 13.09 Conflict with Trust Indenture Act.

 

If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Section 318(c) of the Trust Indenture Act, such imposed duties shall control.

 

Section 13.10 Counterparts.

 

This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

Section 13.11 Separability.

 

In case any one or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein.

 

Section 13.12 Compliance Certificates.

 

The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year during which any Securities of any series were outstanding, an officer’s certificate stating whether or not the signers know of any Event of Default that occurred during such fiscal year. Such certificate shall contain a certification from the principal executive officer, principal financial officer or principal accounting officer of the Company that a review has been conducted of the activities of the Company and the Company’s performance under this Indenture and that the Company has complied with all conditions and covenants under this Indenture. For purposes of this Section 13.12, such compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture. If the officer of the Company signing such certificate has knowledge of such an Event of Default, the certificate shall describe any such Event of Default and its status.

 

Section 13.13 U.S.A Patriot Act.

 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act.

 

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Section 13.14 Force Majeure.

 

In no event shall the Trustee, the Security Registrar, any paying agent or any other agent under this Indenture be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions or utilities, communications or computer (software and hardware) services; it being understood that the Trustee, the Security Registrar, any paying agent or any other agent under this Indenture shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

 

Section 13.15 Table of Contents; Headings.

 

The table of contents and headings of the articles and sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof, and will not modify or restrict any of the terms or provisions hereof.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed all as of the day and year first above written.

 

	
 
    	
 
    	
 
    
	
 
    	
  [CORPORATION]
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
  [TRUSTEE], as Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
				

 

49

 

CROSS-REFERENCE TABLE (1)

 

 

	
Section of Trust Indenture Act of 1939, as Amended
    	
 
    	
Section of
   Indenture
    
	
310(a)
    	
 
    	
7.09
    
	
310(b)
    	
 
    	
7.08
    
	
 
    	
 
    	
7.10
    
	
310(c)
    	
 
    	
Inapplicable
    
	
311(a)
    	
 
    	
7.13
    
	
311(b)
    	
 
    	
7.13
    
	
311(c)
    	
 
    	
Inapplicable
    
	
312(a)
    	
 
    	
5.01
    
	
 
    	
 
    	
5.02(a)
    
	
312(b)
    	
 
    	
5.02(c)
    
	
312(c)
    	
 
    	
5.02(c)
    
	
313(a)
    	
 
    	
5.04(a)
    
	
313(b)
    	
 
    	
5.04(b)
    
	
313(c)
    	
 
    	
5.04(a)
    
	
 
    	
 
    	
5.04(b)
    
	
313(d)
    	
 
    	
5.04(c)
    
	
314(a)
    	
 
    	
5.03
    
	
 
    	
 
    	
13.12
    
	
314(b)
    	
 
    	
Inapplicable
    
	
314(c)
    	
 
    	
13.07(a)
    
	
314(d)
    	
 
    	
Inapplicable
    
	
314(e)
    	
 
    	
13.07(b)
    
	
314(f)
    	
 
    	
Inapplicable
    
	
315(a)
    	
 
    	
7.01(a)
    
	
 
    	
 
    	
7.01(b)
    
	
315(b)
    	
 
    	
7.14
    
	
315(c)
    	
 
    	
7.01
    
	
315(d)
    	
 
    	
7.01(b)
    
	
315(e)
    	
 
    	
6.07
    
	
316(a)
    	
 
    	
6.06
    
	
 
    	
 
    	
8.04
    
	
316(b)
    	
 
    	
6.04
    
	
316(c)
    	
 
    	
8.01
    
	
317(a)
    	
 
    	
6.02
    
	
317(b)
    	
 
    	
4.03
    
	
318(a)
    	
 
    	
13.09
    

 

	
(1)
    	
This Cross-Reference   Table does not constitute part of the Indenture and shall not have any   bearing on the interpretation of any of its terms or provisions. 
    

 

50

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