Document:

Exhibit 42 Indenture between GTE CA and BONY

		
			 Exhibit 4.2
		

		
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			_________________________________________________________________
		

		
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			                   GTE CALIFORNIA INCORPORATED
		

		
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			                               AND
		

		
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			     BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION
		

		
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			                           AS TRUSTEE
		

		
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			                            INDENTURE
		

		
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			                  Dated as of December 1, 1993
		

		
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			                          ____________
		

		
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			                           Securities
		

		
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			_________________________________________________________________                            
		

		
			                                
		

		
			                                
		

		
			                                
		

		
			                      CROSS-REFERENCE TABLE
		

		
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		          Section of
		

		
			     Trust Indenture Act                     Section of
		

		
			     of 1939, as amended                Indenture
		

		
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			       310(a).............................      7.09
		

		
			       310(b).............................      7.08
		

		
			                                        7.10
		

		
			       310(c).............................      Inapplicable
		

		
			       311(a).............................      7.13(a)
		

		
			       311(b).............................      7.13(b)
		

		
			       311(c).............................      Inapplicable
		

		
			       312(a).............................      5.01
		

		
			                                        5.02(a)
		

		
			       312(b).............................      5.02(b)
		

		
			       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
		

		
			       314(b).............................      Inapplicable
		

		
			       314(c).............................      13.06
		

		
			       314(d).............................      Inapplicable
		

		
			       314(e).............................      13.06
		

		
			       314(f).............................      Inapplicable
		

		
			       315(a).............................      7.01(a)
		

		
			                                        7.02
		

		
			       315(b).............................      6.07
		

		
			       315(c).............................      7.01
		

		
			       315(d).............................      7.01(b)
		

		
			                                        7.01(c)
		

		
			       315(e).............................      6.08
		

		
			       316(a).............................      6.06
		

		
			                                        8.04
		

		
			       316(b).............................      6.04
		

		
			       316(c).............................      8.01
		

		
			       317(a).............................      6.02
		

		
			       317(b).............................      4.04
		

		
			       318(a).............................      13.08
		

		
			                                
		

		
			                                
		

		
			                                
		

		
			                       TABLE OF CONTENTS*
		

		
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			                                                  Page
		

		
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			PARTIES.....................................................  1
		

		
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			                            RECITALS:
		

		
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			Purpose of Indenture........................................  1
		

		
			Compliance with legal requirements..........................  1
		

		
			Purpose of and consideration for Indenture..................  1
		

		
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			                           ARTICLE ONE
		

		

		

		 

 

		                           DEFINITIONS
		

		
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			SECTION 1.01. Certain terms defined; other terms defined in
		

		
			              Trust Indenture Act of 1939, as amended or by
		

		
			              reference therein in Securities Act of 1933,
		

		
			              as amended, to have meanings therein
		

		
			              assigned......................................  2
		

		
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			    Affiliate...............................................  2
		

		
			    Authenticating Agent....................................  2
		

		
			    Board of Directors......................................  2
		

		
			    Board Resolution........................................  2
		

		
			    Business day............................................  2
		

		
			    Certificate.............................................  3
		

		
			    Corporate Trust Office..................................  3
		

		
			    Company.................................................  3
		

		
			    Default.................................................  3
		

		
			    Event of Default........................................  3
		

		
			    First Mortgage Bonds....................................  3
		

		
			    Governmental Obligations................................  3
		

		
			    Indenture...............................................  4
		

		
			    Interest payment date...................................  4
		

		
			    Officers' Certificate...................................  4
		

		
			    Opinion of Counsel......................................  4
		

		
			    Outstanding.............................................  4
		

		
			    Predecessor Security....................................  4
		

		
			    Responsible officer.....................................  5
		

		
			    Security or Securities..................................  5
		

		
			    Securityholder..........................................  5
		

		
			    Subsidiary..............................................  5
		

		
			    Trustee.................................................  5
		

		
			    Trust Indenture Act of 1939, as amended.................  5
		

		
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			  * This Table of Contents does not constitute part of the
		

		
			Indenture and should not have any bearing upon the interpretation
		

		
			of any of its terms or provisions.
		

		
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			                           ARTICLE TWO
		

		
			       ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION
		

		
			                    AND EXCHANGE OF SECURITIES
		

		
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			SECTION 2.01.  Designation, terms, amount, authentication
		

		
			            and delivery of Securities.......................
		

		
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			SECTION 2.02.  Form of Securities and Trustee's certificate.....
		

		
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			SECTION 2.03.  Date and denominations of Securities, and
		

		
			            provisions for payment of principal, premium
		

		
			            and interest.....................................
		

		
			7
		

		
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			SECTION 2.04.Execution of
		

		
			Securities..........................9
		

		
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			SECTION 2.05.Exchange of
		

		
			Securities...........................10
		

		
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			               (a) Registration and transfer of Securities...
		

		
			10
		

		
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			               (b) Securities to be accompanied by proper
		

		
			               instruments of transfer.......................
		

		
			10
		

		
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			               (c) Charges upon exchange, transfer or
		

		
			               registration of Securities....................
		

		
			10
		

		
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			               (d) Restrictions on transfer or exchange at
		

		
			               time of redemption............................
		

		
			10
		

		
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			SECTION 2.06.Temporary
		

		
			Securities.............................11
		

		
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			SECTION 2.07.        Mutilated, destroyed, lost or stolen
		

		
			            Securities.......................................
		

		
			11
		

		
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			SECTION 2.08.  Cancellation of surrendered Securities...........
		

		
			12
		

		
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			SECTION 2.09. Provisions of Indenture and Securities for
		

		
			            sole benefit of parties and Securityholders......
		

		
			12
		

		
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			SECTION 2.10.Appointment of Authenticating
		

		
			Agent..............12
		

		
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			                          ARTICLE THREE
		

		
			      REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS
		

		
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			SECTION 3.01.Redemption of
		

		
			Securities.........................13
		

		
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			SECTION 3.02.  (a) Notice of redemption......................
		

		
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			               (b) Selection of Securities in case less than
		

		
			               all Securities to be redeemed.................
		

		
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		SECTION 3.03.  (a) When Securities called for redemption
		

		
			               become due and payable........................
		

		
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			               (b) Receipt of new  Security  upon  partial
		

		
			               payment.......................................
		

		
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			SECTION 3.04.  Sinking Fund for Securities......................
		

		
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			SECTION 3.05.  Satisfaction of Sinking Fund Payments with
		

		
			            Securities.......................................
		

		
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			SECTION 3.06.   Redemption of Securities for Sinking Fund........
		

		
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			                          ARTICLE FOUR
		

		
			               PARTICULAR COVENANTS OF THE COMPANY
		

		
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			SECTION 4.01.Payment of principal of (and premium, if any)
		

		
			            and interest on Securities.......................
		

		
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			SECTION 4.02.Maintenance of office or agency for payment
		

		
			            of Securities; designation of office or agency
		

		
			            for payment, registration, transfer-and
		

		
			            exchange of Securities...........................
		

		
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			SECTION 4.03.  (a) Duties of paying agent....................
		

		
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			               (b) Company as paying agent...................
		

		
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			               (c) Holding sums in trust.....................
		

		
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			SECTION 4.04.      Appointment to fill vacancy in office
		

		
			            of Trustee.......................................
		

		
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			SECTION 4.05. Covenant against certain prior
		

		
			liens.............17
		

		
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			SECTION 4.06.              Restriction on consolidation,
		

		
			            merger or sale...................................
		

		

		

		 

 

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			                          ARTICLE FIVE
		

		
			       SECURITYHOLDERS' LISTS, AND REPORTS BY THE COMPANY
		

		
			                         AND THE TRUSTEE
		

		
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			SECTION 5.01.Company to furnish Trustee information as to
		

		
			            names and addresses of Securityholders...........
		

		
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			SECTION 5.02.  (a) Trustee to preserve information as to
		

		
			               names and addresses of Securityholders
		

		
			               received by it in capacity of paying agent....
		

		
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			               (b) Trustee may destroy list of
		

		
			               Securityholders on certain conditions.........
		

		
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			               (c) Trustee to make information as to names
		

		
			               and addresses of Securityholders available
		

		
			               to "applicants" or mail communications to
		

		
			               Securityholders in certain circumstances......
		

		
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			               (d) Procedure if Trustee elects not to make
		

		
			               information available to applicants...........
		

		
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			               (e) Company and Trustee not accountable for
		

		
			               disclosure of information.....................
		

		
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			SECTION 5.03.  (a) Annual and other reports to be filed by
		

		
			               Company with Trustee..........................
		

		
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			               (b) Additional information and reports to be
		

		
			               filed with Trustee and Securities and
		

		
			               Exchange Commission...........................
		

		
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			               (c) Summaries of information and reports to
		

		
			               be transmitted by Company to Securityholders..
		

		
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			               (d)  Annual Certificate to be furnished to
		

		
			               the Trust.....................................
		

		
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		SECTION 5.04.  (a) Trustee to transmit annual report to
		

		
			               Securityholders...............................
		

		
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			               (b) Trustee to transmit certain further
		

		
			               reports to Securityholders....................
		

		
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			               (c) Copies of reports to be filed with stock
		

		
			               exchanges and Securities and Exchange
		

		
			               Commission....................................
		

		
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			                           ARTICLE SIX
		

		
			           REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS
		

		
			                      UPON EVENT OF DEFAULT
		

		
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			SECTION 6.01.  (a) Events of Default defined.................
		

		
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			               (b) Acceleration of maturity upon Event of
		

		
			               Default.......................................
		

		
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			               (c) Waiver of default and rescission of
		

		
			               declaration of maturity.......................
		

		
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			               (d) Restoration of former position and rights
		

		
			               upon curing default...........................
		

		
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			SECTION 6.02.  (a) Covenant of Company to pay to Trustee
		

		
			               whole amount due on Securities on default in
		

		
			               payment of interest or principal (and
		

		
			               premium, if any)..............................
		

		
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			               (b) Trustee may recover judgment for whole
		

		
			               amount due on Securities on failure of
		

		
			               Company to pay................................
		

		
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			               (c) Filing of proof of claim by Trustee in
		

		
			               bankruptcy, reorganization or receivership
		

		
			               proceedings...................................
		

		
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			               (d) Rights of action and of asserting claims
		

		

		

		 

 

		               may be enforced by Trustee without possession
		

		
			               of Securities.................................
		

		
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			SECTION 6.03.  Application of moneys collected by Trustee.......
		

		
			25
		

		
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			SECTION 6.04.  Limitation on suits by holders of Securities.....
		

		
			25
		

		
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			SECTION 6.05.  (a) Remedies cumulative.......................
		

		
			26
		

		
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			               (b) Delay or omission in exercise of rights
		

		
			               not waiver of default.........................
		

		
			26
		

		
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			SECTION 6.06.  Rights of holders of majority in principal
		

		
			             amount of Securities to direct Trustee and to
		

		
			             waive defaults...................................
		

		
			26
		

		
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			SECTION 6.07.  Trustee to give notice of defaults known to
		

		
			             it, but may withhold in certain
		

		
			             circumstances....................................
		

		
			27
		

		
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			SECTION 6.08.  Requirements of an undertaking to pay costs
		

		
			             in certain suits under Indenture or against
		

		
			             Trustee..........................................
		

		
			27
		

		
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			                          ARTICLE SEVEN
		

		
			                     CONCERNING THE TRUSTEE
		

		
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			SECTION 7.01.       (a) Upon Event of Default occurring and
		

		
			               continuing, Trustee shall exercise powers
		

		
			               vested in it, and use same degree of care and
		

		
			               skill in their exercise, as prudent
		

		
			               individual would use..........................
		

		
			28
		

		
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			               (b) Trustee not relieved from liability for
		

		
			               negligence or willful misconduct except as
		

		
			               provided in this section......................
		

		
			28
		

		
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			               (1) Prior to Event of Default and after the
		

		
			               curing of all Events of Default which may
		

		
			               have occurred.................................
		

		
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			               (i) Trustee not liable except for performance
		

		
			               of duties specifically set forth..............
		

		
			28
		

		
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			               (ii) In absence of bad faith, Trustee may
		

		

		

		 

 

		               conclusively rely on certificates or opinions
		

		
			               furnished it hereunder, subject to duty to
		

		
			               examine the same if specifically required to
		

		
			               be furnished to it............................
		

		
			28
		

		
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			               (2) Trustee not liable for error of judgment
		

		
			               made in good faith by responsible officer
		

		
			               unless Trustee negligent......................
		

		
			28
		

		
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			               (3) Trustee not liable for action or
		

		
			               non-action in accordance with direction of
		

		
			               holders of majority in principal amount of
		

		
			               Securities....................................
		

		
			28
		

		
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			               (4) Trustee need not expend own funds without
		

		
			               adequate indemnity............................
		

		
			29
		

		
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			SECTION 7.02.  Subject to provisions of Section 7.01:
		

		
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			               (a) Trustee may rely on documents believed
		

		
			               genuine and properly signed or presented......
		

		
			29
		

		
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			               (b) Sufficient evidence by certain
		

		
			               instruments provided for......................
		

		
			29
		

		
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			               (c) Trustee may consult with counsel and act
		

		
			               on advice or Opinion of Counsel...............
		

		
			29
		

		
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			               (d) Trustee may require indemnity from
		

		
			               Securityholders...............................
		

		
			29
		

		
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			               (e) Trustee not liable for actions in good
		

		
			               faith believed to be authorized...............
		

		
			29
		

		
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			               (f) Prior to Event of Default Trustee not
		

		
			               bound to investigate facts or matters stated
		

		
			               in certificates, etc., unless requested in
		

		
			               writing by Securityholders....................
		

		
			29
		

		
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			               (g) Trustee may perform duties directly or
		

		

		

		 

 

		               through agents or attorneys...................
		

		
			30
		

		
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			SECTION 7.03.  (a) Trustee not liable for recitals in
		

		
			               Indenture or in Securities....................
		

		
			30
		

		
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			               (b) No representations by Trustee as to
		

		
			               validity or Indenture or of Securities........
		

		
			30
		

		
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			               (c) Trustee not accountable for use of
		

		
			               Securities or proceeds........................
		

		
			30
		

		
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			SECTION 7.04.  Trustee, paying agent or Security Registrar
		

		
			             may own Securities...............................
		

		
			30
		

		
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			SECTION 7.05.  Moneys received by Trustee to be held in
		

		
			             trust without interest...........................
		

		
			30
		

		
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			SECTION 7.06.       (a) Trustee entitled to compensation,
		

		
			               reimbursement and indemnity...................
		

		
			30
		

		
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			               (b) Obligations to Trustee to be secured by
		

		
			               lien prior to Securities......................
		

		
			30
		

		
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			SECTION 7.07.  Right of Trustee to rely on certificate of
		

		
			             officers of Company where no other evidence
		

		
			             specifically prescribed..........................
		

		
			31
		

		
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			SECTION 7.08.       (a) Trustee acquiring conflicting interest
		

		
			               to eliminate conflict or resign...............
		

		
			31
		

		
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			               (b) Notice to Securityholders in case of
		

		
			               failure to comply with subsection (a).........
		

		
			31
		

		
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			               (c) Definition of conflicting interest........
		

		
			31
		

		
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			               (d) Definition of certain terms...............
		

		
			34
		

		

		

		 

 

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			               (e) Calculation of percentages of Securities..
		

		
			35
		

		
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			               (f) Trustee resignation not required under
		

		
			               certain circumstances.........................
		

		
			36
		

		
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			SECTION 7.09.  Requirements for eligibility of Trustee..........
		

		
			36
		

		
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			SECTION 7.10.       (a) Resignation of Trustee and appointment
		

		
			               of successor..................................
		

		
			37
		

		
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			               (b) Removal of Trustee by Company or by court
		

		
			               on Securityholders' application...............
		

		
			37
		

		
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			               (c) Removal of Trustee by holders of majority
		

		
			               in principal amount of Securities.............
		

		
			37
		

		
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			               (d) Time when resignation or removal of
		

		
			               Trustee effective.............................
		

		
			38
		

		
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			               (e) One Trustee for each series...............
		

		
			38
		

		
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			SECTION 7.11.  (a) Acceptance by successor to Trustee........
		

		
			38
		

		
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			               (b) Trustee with respect to less than all
		

		
			               series........................................
		

		
			38
		

		
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			               (c) Company to confirm Trustee's rights.......
		

		
			39
		

		
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			               (d) Successor Trustee to be qualified.........
		

		
			39
		

		
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			               (e) Notice of succession......................
		

		
			39
		

		
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			SECTION 7.12.  Successor to Trustee by merger, consolidation
		

		
			             or succession to business........................
		

		
			39
		

		
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			SECTION 7.13.       (a) Limitations on rights of Trustee as a
		

		
			               creditor to obtain payment of certain claims
		

		
			               within four months prior to default or during
		

		
			               default, or to realize on property as such
		

		
			               creditor thereafter..........................
		

		
			39
		

		
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			               (b) Certain creditor relationships excluded...
		

		
			41
		

		
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			               (c) Definition of certain terms...............
		

		
			42
		

		
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			                          ARTICLE EIGHT
		

		
			                 CONCERNING THE SECURITYHOLDERS
		

		
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			SECTION 8.01.  Evidence of action by Securityholders............
		

		
			43
		

		
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			SECTION 8.02.  Proof of execution of instruments and of
		

		
			             holding of Securities............................
		

		
			43
		

		
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			SECTION 8.03.  Who may be deemed owners of Securities...........
		

		
			43
		

		
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			SECTION 8.04.  Securities owned by Company or controlled or
		

		
			             controlling companies disregarded for certain
		

		
			             purposes.........................................
		

		
			44
		

		
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			SECTION 8.05.  Instruments executed by Securityholders
		

		
			             bind future holders..............................
		

		
			44
		

		
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			                          ARTICLE NINE
		

		
			                     SUPPLEMENTAL INDENTURES
		

		
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			SECTION 9.01.  Purposes for which supplemental indenture may
		

		
			             be entered into without consent of
		

		
			             Securityholders..................................
		

		
			44
		

		
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			SECTION 9.02.  Modification of Indenture with consent of
		

		
			             Securityholders..................................
		

		
			45
		

		
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			SECTION 9.03.  Effect of supplemental indentures................
		

		
			46
		

		
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			SECTION 9.04.  Securities may bear notation of changes by
		

		
			             supplemental indentures..........................
		

		
			46
		

		
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		SECTION 9.05.  Opinion of Counsel...............................
		

		
			46
		

		
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			                           ARTICLE TEN
		

		
			                 CONSOLIDATION, MERGER AND SALE
		

		
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			SECTION 10.01.  Consolidations or mergers of Company and
		

		
			              sales or conveyances of property of
		

		
			              Company permitted...............................
		

		
			47
		

		
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			SECTION 10.02.      (a) Rights and duties of successor
		

		
			company....    47
		

		
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			               (b) Appropriate changes may be made in
		

		
			               phraseology and form of Securities............
		

		
			48
		

		
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			               (c) Company may consolidate or merge into
		

		
			               itself or acquire properties of other
		

		
			               corporations..................................
		

		
			48
		

		
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			SECTION 10.03.  Opinion of Counsel..............................
		

		
			48
		

		
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			                         ARTICLE ELEVEN
		

		
			            SATISFACTION AND DISCHARGE OF INDENTURE;
		

		
			                        UNCLAIMED MONEYS
		

		
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			SECTION 11.01.  Satisfaction and discharge of Indenture.........
		

		
			48
		

		
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			SECTION 11.02.  Discharge of Company's Obligations..............
		

		
			49
		

		
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			SECTION 11.03.  Application by Trustee of funds deposited
		

		
			              for payment of Securities.......................
		

		
			49
		

		
			﻿
		

		
			SECTION 11.04.  Repayment of moneys held by paying agent........
		

		
			49
		

		
			﻿
		

		
			SECTION 11.05.  Repayment of moneys held by Trustee.............
		

		
			49
		

		
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		                         ARTICLE TWELVE
		

		
			            IMMUNITY OF INCORPORATORS, STOCKHOLDERS,
		

		
			                     OFFICERS AND DIRECTORS
		

		
			﻿
		

		
			SECTION 12.01.  Incorporators, stockholders, officers and
		

		
			              directors of Company exempt from individual
		

		
			              liability.......................................
		

		
			49
		

		
			﻿
		

		
			﻿
		

		
			                        ARTICLE THIRTEEN
		

		
			                        SUNDRY PROVISIONS
		

		
			﻿
		

		
			SECTION 13.01.  Successors and assigns of Company bound by
		

		
			              Indenture.......................................
		

		
			50
		

		
			﻿
		

		
			SECTION 13.02.  Acts of board, committee or officer of
		

		
			              successor company valid.........................
		

		
			50
		

		
			﻿
		

		
			SECTION 13.03.  Surrender of powers by Company..................
		

		
			50
		

		
			﻿
		

		
			SECTION 13.04.  Required notices or demands may be served
		

		
			              by mail.........................................
		

		
			50
		

		
			﻿
		

		
			SECTION 13.05.  Indenture and Securities to be construed in
		

		
			              accordance with laws of the State of
		

		
			              New York........................................
		

		
			50
		

		
			﻿
		

		
			SECTION 13.06.      (a) Officers' Certificate and Opinion of
		

		
			               Counsel to be furnished upon applications or
		

		
			               demands by Company............................
		

		
			51
		

		
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			﻿
		

		
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			﻿
		

		
			﻿
		

		
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			                                                    Page
		

		
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			               (b) Statements to be included in each
		

		
			               certificate or opinion with respect to
		

		
			               compliance with condition or covenant.........
		

		
			51
		

		
			﻿
		

		
			SECTION 13.07.  Payments due on Sundays or holidays.............
		

		
			51
		

		
			﻿
		

		
			SECTION 13.08.  Provisions required by Trust Indenture Act of
		

		
			               1939 to control...............................
		

		

		

		 

 

		51
		

		
			﻿
		

		
			SECTION 13.09.  Indenture may be executed in counterparts.......
		

		
			51
		

		
			﻿
		

		
			SECTION 13.10.  Separability of Indenture provisions............
		

		
			51
		

		
			﻿
		

		
			ACCEPTANCE OF TRUST BY TRUSTEE..................................
		

		
			52
		

		
			﻿
		

		
			TESTIMONIUM.....................................................
		

		
			52
		

		
			﻿
		

		
			SIGNATURES AND SEALS............................................
		

		
			52
		

		
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			ACKNOWLEDGMENTS.................................................
		

		
			53
		

		
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			      THIS  INDENTURE, dated as of the 1st day of December, 1993,
		

		
			between GTE CALIFORNIA INCORPORATED, a corporation duly organized
		

		
			and   existing  under  the  laws  of  the  State  of   California
		

		
			(hereinafter sometimes referred to as the "Company"), and BANK OF
		

		
			AMERICA  NATIONAL  TRUST  AND  SAVINGS  ASSOCIATION,  a  national
		

		
			banking association organized and existing under the laws of  the
		

		
			United  States  of  America,  as trustee  (hereinafter  sometimes
		

		
			referred to as 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 unsecured securities, debentures,
		

		
			notes or other evidences of indebtedness (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;
		

		
			﻿
		

		
			     WHEREAS, the Securities and the certificate of
		

		
			authentication to be borne by the Securities (the "Certificate of
		

		
			Authentication") are to be substantially in such forms as may be
		

		
			approved by the Board of Directors (as defined below) or set
		

		
			forth in any indenture supplemental to this Indenture;
		

		
			﻿
		

		
			     AND WHEREAS, all acts and things necessary to make the
		

		
			Securities issued pursuant hereto, when executed by the Company
		

		
			and authenticated and delivered by the Trustee as in this
		

		
			Indenture provided, the valid, binding and legal obligations of
		

		
			the Company, and to constitute these presents a valid indenture
		

		
			and agreement according to its terms, have been done and
		

		
			performed or will be done and performed prior to the issuance of
		

		
			such Securities, and the execution of this Indenture and the
		

		
			issuance hereunder of the Securities have been or will be prior
		

		
			to issuance in all respects duly authorized, and the Company, in
		

		
			the exercise of the legal right and power in it vested, executes
		

		
			this Indenture and proposes to make, execute, issue and deliver
		

		
			the Securities;
		

		
			﻿
		

		
			     NOW, THEREFORE, THIS INDENTURE WITNESSETH:
		

		
			﻿
		

		
			     That in order to declare the terms and conditions upon which
		

		
			the Securities are and are to be authenticated, issued and
		

		
			delivered, and in consideration of the premises, of the purchase
		

		
			and acceptance of the Securities by the holders thereof and of
		

		
			the sum of one dollar ($1.00) to it duly paid by the Trustee at
		

		
			the execution of these presents, the receipt whereof is hereby
		

		
			acknowledged, the Company covenants and agrees with the Trustee,
		

		

		

		 

 

		for the equal and proportionate benefit (subject to the
		

		
			provisions of this Indenture) of the respective holders from time
		

		
			to time of the Securities, without any discrimination, preference
		

		
			or priority of any one Security over any other by reason of
		

		
			priority in the time of issue, sale or negotiation thereof, or
		

		
			otherwise, except as provided herein, as follows:
		

		
			﻿
		

		
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			                           ARTICLE ONE
		

		
			                           Definitions
		

		
			                                
		

		
			                                
		

		
			﻿
		

		
			     SECTION 1.01. The terms defined in this Section (except as
		

		
			in this Indenture otherwise expressly provided or unless the
		

		
			context otherwise requires) for all purposes of this Indenture,
		

		
			any resolution of the Board of Directors of the Company and of
		

		
			any indenture supplemental hereto shall have the respective
		

		
			meanings specified in this Section.  All other terms used in this
		

		
			Indenture which are defined in the Trust Indenture Act of 1939,
		

		
			as amended, or which are by reference in such Act defined in the
		

		
			Securities Act of 1933, as amended (except as herein 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.
		

		
			﻿
		

		
			Affiliate:
		

		
			The term "Affiliate" of the Company shall mean any company at
		

		
			least a majority of whose outstanding voting stock shall at the
		

		
			time be owned by GTE Corporation, a New York corporation, or by
		

		
			one or more direct or indirect subsidiaries of GTE Corporation or
		

		
			by GTE Corporation and one or more direct or indirect
		

		
			subsidiaries of GTE Corporation.  For the purposes only of this
		

		
			definition of the term "Affiliate", the term "voting stock", as
		

		
			applied to the stock of any company, shall mean stock of any
		

		
			class or classes having ordinary voting power for the election of
		

		
			a majority of the directors of such company, other than stock
		

		
			having such power only by reason of the occurrence of a
		

		
			contingency.
		

		
			﻿
		

		
			Authenticating Agent:
		

		
			The term "Authenticating Agent" means an authenticating agent
		

		
			with respect to all or any of the series of Securities, as the
		

		
			case may be, appointed with respect to all or any series of the
		

		
			Securities, as the case may be, by the Trustee pursuant to
		

		
			Section 2.10.
		

		
			﻿
		

		
			Board of Directors:
		

		
			The term "Board of Directors" shall mean the Board of Directors
		

		

		

		 

 

		of the Company, or an Executive or Special Committee of such
		

		
			Board.
		

		
			﻿
		

		
			Board Resolution:
		

		
			The term "Board Resolution" shall mean a copy of a resolution
		

		
			certified by the Secretary or an Assistant Secretary of the
		

		
			Company to have been duly adopted by the Board of Directors and
		

		
			to be in full force and effect on the date of such certification.
		

		
			﻿
		

		
			Business day:
		

		
			The term "business day", with respect to any series of
		

		
			securities, shall mean any day other than a day on which banking
		

		
			institutions in the City of Los Angeles, State of California or
		

		
			the Borough of Manhattan, the City and State of New York, as the
		

		
			case may be (depending on whether an office or agency of the
		

		
			Company is being maintained in either such city with respect to
		

		
			any such series), are authorized or obligated by law or executive
		

		
			order to close.
		

		
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			                                2
		

		
			﻿
		

		
			Certificate:
		

		
			The term "Certificate" shall mean a certificate signed by the
		

		
			principal executive officer, the principal financial officer or
		

		
			the principal accounting officer of the Company. The Certificate
		

		
			need not comply with the provisions of Section 13.06.
		

		
			﻿
		

		
			Corporate Trust Office:
		

		
			The term "Corporate Trust Office" shall mean the office of the
		

		
			Trustee at which at any particular time its corporate trust
		

		
			business shall be principally administered, which office at the
		

		
			date of the execution of this Indenture is located at 333 South
		

		
			Beaudry, 25th Floor, Los Angeles, California 90017, Attention:
		

		
			Corporate Trust Administration 7170.
		

		
			﻿
		

		
			Company:
		

		
			The term "Company" shall mean GTE California Incorporated, a
		

		
			corporation duly organized and existing under the laws of the
		

		
			State of California, and, subject to the provisions of Article
		

		
			Ten, shall also include its successors and assigns.
		

		
			﻿
		

		
			Default:
		

		
			The term "Default" shall mean any event, act or condition which
		

		
			with notice or lapse of time, or both, would constitute an Event
		

		
			of Default.
		

		
			﻿
		

		
			Event of Default:
		

		
			The term "Event of Default" with respect to Securities of a
		

		
			particular series shall mean any event specified in Section 6.01,
		

		
			continued for the period of time, if any, therein designated.
		

		

		

		 

 

		﻿
		

		
			First Mortgage Bonds:
		

		
			The term "First Mortgage Bonds" shall mean the bonds outstanding
		

		
			from time to time issued by the Company under and secured by an
		

		
			Indenture dated December 1, 1939 between the Company (formerly
		

		
			Associated Telephone Company, Ltd.) and Bank of America National
		

		
			Trust and Savings Association (successor trustee by merger with
		

		
			Security Pacific National Bank, formerly named Security-First
		

		
			National Bank of Los Angeles) as trustee, as amended and
		

		
			supplemented.
		

		
			﻿
		

		
			Governmental Obligations:
		

		
			The term, "Governmental Obligations" shall mean securities that
		

		
			are (i) direct obligations of the United States of America for
		

		
			the payment of which its full faith and credit is pledged or (ii)
		

		
			obligations of a person controlled or supervised by and acting as
		

		
			an agency or instrumentality of the United States of America, the
		

		
			payment of which is unconditionally guaranteed as a full faith
		

		
			and credit obligation by the United States of America, which, in
		

		
			either case, are not callable or redeemable at the option of the
		

		
			issuer thereof, and shall also include a depository receipt
		

		
			issued by a bank (as defined in Section 3(a)(2) of the Securities
		

		
			Act of 1933, as amended) 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 depository
		

		
			receipt; provided that (except as required by law) such custodian
		

		
			is not authorized to make any deduction from the amount payable
		

		
			to the holder of such depository receipt from any amount received
		

		
			by the custodian in respect of the Governmental Obligation or the
		

		
			specific payment of principal of or interest on the Governmental
		

		
			Obligation evidenced by such depository receipt.
		

		
			﻿
		

		
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			                                3
		

		
			﻿
		

		
			﻿
		

		
			Indenture:
		

		
			The term "Indenture" shall mean this instrument as originally
		

		
			executed, or, if amended or supplemented as herein provided, as
		

		
			so amended or supplemented.
		

		
			﻿
		

		
			Interest payment date:
		

		
			The term "interest payment date" when used with respect to any
		

		
			installment of interest on a Security of a particular series
		

		
			shall mean 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.
		

		
			﻿
		

		
			Officers' Certificate:
		

		
			The term "Officers' Certificate" shall mean a certificate signed
		

		

		

		 

 

		by the President or a Vice President and by the Treasurer or an
		

		
			Assistant Treasurer or the Controller or an Assistant Controller
		

		
			or the Secretary or an Assistant Secretary of the Company. Each
		

		
			such certificate shall include the statements provided for in
		

		
			Section 13.06, if and to the extent required by the provisions
		

		
			thereof.
		

		
			﻿
		

		
			Opinion of Counsel:
		

		
			The term "Opinion of Counsel" shall mean an opinion in writing
		

		
			signed by legal counsel, who may be an employee of or counsel for
		

		
			the Company. Each such opinion shall include the statements
		

		
			provided for in Section 13.06, if and to the extent required by
		

		
			the provisions thereof.
		

		
			﻿
		

		
			Outstanding:
		

		
			The term "outstanding", when used with reference to Securities of
		

		
			any series, shall, subject to the provisions of Section 8.04,
		

		
			mean, as of any particular time, all Securities of that series
		

		
			theretofore authenticated and delivered by the Trustee under this
		

		
			Indenture, except (a) Securities theretofore cancelled by the
		

		
			Trustee or any paying agent, or delivered to the Trustee or any
		

		
			paying agent for cancellation or which have previously been
		

		
			cancelled; (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 in Article Three provided, 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.
		

		
			﻿
		

		
			Predecessor Security:
		

		
			The term "Predecessor Security" of any particular Security shall
		

		
			mean 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.
		

		
			﻿
		

		
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			                                4
		

		
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		Responsible officer:
		

		
			The term "responsible officer" when used with respect to the
		

		
			Trustee shall mean the chairman of the board of directors, the
		

		
			president, any vice president, the secretary, the treasurer, any
		

		
			trust officer, any corporate trust officer or any other officer
		

		
			or assistant officer of the Trustee customarily performing
		

		
			functions similar to those performed by the persons who at the
		

		
			time shall be such officers, respectively, or to whom any
		

		
			corporate trust matter is referred because of his or her
		

		
			knowledge of and familiarity with the particular subject.
		

		
			﻿
		

		
			Security or Securities:
		

		
			The term "Security" or "Securities" shall mean any Security or
		

		
			Securities, as the case may be, authenticated and delivered under
		

		
			this Indenture.
		

		
			﻿
		

		
			Securityholder:
		

		
			The term "Securityholder", "holder of Securities", "registered
		

		
			holder", or other similar term, shall mean the person or persons
		

		
			in whose name or names a particular Security shall be registered
		

		
			on the books of the Company kept for that purpose in accordance
		

		
			with the terms of this Indenture.
		

		
			﻿
		

		
			Subsidiary:
		

		
			The term "Subsidiary" shall mean any corporation at least a
		

		
			majority of whose outstanding voting stock shall at the time be
		

		
			owned by the Company or by one or more Subsidiaries or by the
		

		
			Company and one or more Subsidiaries. For the purposes only of
		

		
			this definition of the term "Subsidiary", the term "voting
		

		
			stock", as applied to the stock of any corporation, shall mean
		

		
			stock of any class or classes having ordinary voting power for
		

		
			the election of a majority of the directors of such corporation,
		

		
			other than stock having such power only by reason of the
		

		
			occurrence of a contingency.
		

		
			﻿
		

		
			Trustee:
		

		
			The term "Trustee" shall mean Bank of America National Trust and
		

		
			Savings Association 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 of 1939, as amended:
		

		
			The term "Trust Indenture Act of 1939, as amended," subject to
		

		
			the provisions of Sections 9.01, 9.02, and 10.01, shall mean the
		

		
			Trust Indenture Act of 1939, as amended and in effect at the date
		

		
			of execution of this Indenture.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
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			                                5
		

		
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			﻿
		

		
			                           ARTICLE TWO
		

		
			              Issue, Description, Terms, Execution,
		

		
			             Registration and Exchange of Securities
		

		
			﻿
		

		
			     SECTION 2.01. The aggregate principal amount of Securities
		

		
			which may be authenticated and delivered under this Indenture is
		

		
			unlimited.
		

		
			﻿
		

		
			     The Securities may be issued in one or more series 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 a particular series. 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 Officers' 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 the series from all other
		

		
			Securities);
		

		
			﻿
		

		
			     (2) any limit upon the aggregate principal amount of the
		

		
			Securities of that series which may be authenticated and
		

		
			delivered under this Indenture (except for Securities
		

		
			authenticated and delivered upon registration of transfer of, or
		

		
			in exchange for, or in lieu of, other Securities of that series);
		

		
			﻿
		

		
			          (3) the date or dates on which the principal of the
		

		
			Securities of the series is payable;
		

		
			﻿
		

		
			     (4) the rate or rates at which the Securities of the series
		

		
			shall bear interest or the manner of calculation of such rate or
		

		
			rates, if any, the date or dates from which such interest shall
		

		
			accrue, the interest payment dates on which such interest shall
		

		
			be payable or the manner of determination of such interest
		

		
			payment dates;
		

		
			﻿
		

		
			     (5) the period or periods within which, the price or prices
		

		
			at which and the terms and conditions upon which, Securities of
		

		
			the series may be redeemed, in whole or in part, at the option of
		

		
			the Company;
		

		
			﻿
		

		
			     (6) the obligation, if any, of the Company to redeem or
		

		

		

		 

 

		purchase Securities of the series pursuant to any sinking fund or
		

		
			analogous provisions (including payments made in cash in
		

		
			anticipation of future sinking fund obligations) or at the option
		

		
			of a holder thereof and the period or periods within which, the
		

		
			price or prices at which, and the terms and conditions upon
		

		
			which, Securities of the series shall be redeemed or purchased,
		

		
			in whole or in part, pursuant to such obligation;
		

		
			﻿
		

		
			     (7) the form of the Securities of the series including the
		

		
			form of the Certificate of Authentication for such series;
		

		
			﻿
		

		
			          (8) if other than denominations of $1,000 or any
		

		
			integral multiple thereof, the denominations in which the
		

		
			Securities of the series shall be issuable; and
		

		
			﻿
		

		
			     (9) any and all other terms with respect to such series
		

		
			(which terms shall not be inconsistent with the terms of this
		

		
			Indenture).
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                6
		

		
			﻿
		

		
			﻿
		

		
			     All Securities of any one series shall be substantially
		

		
			identical except as to denomination and 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, a copy of an appropriate
		

		
			record of such action shall be certified by the Secretary or an
		

		
			Assistant Secretary of the Company and delivered to the Trustee
		

		
			at or prior to the delivery of the Officers' Certificate setting
		

		
			forth the terms of the series.
		

		
			﻿
		

		
			     SECTION 2.02. 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 as set forth in an Officers' Certificate,
		

		
			and 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 stock exchange on which Securities of
		

		
			that series may be listed, or to conform to usage.
		

		
			﻿
		

		
			     SECTION 2.03. The Securities shall be issuable as registered
		

		
			Securities and in the denominations of $1,000 or any multiple
		

		
			thereof, subject to Section 2.01(8). The Securities of a
		

		
			particular series shall bear interest payable on the dates and at
		

		
			the rate specified with respect to that series. The principal of
		

		
			and the interest on the Securities of any series, as well as any
		

		
			premium thereon in case of redemption thereof prior to maturity,
		

		

		

		 

 

		shall be payable in the coin or currency of the United States of
		

		
			America which at the time is legal tender for public and private
		

		
			debt, at the office or agency of the Company maintained for that
		

		
			purpose in either the City of Los Angeles, State of California or
		

		
			the Borough of Manhattan, the City and State of New York. 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; provided that interest on
		

		
			Securities bearing interest of a floating rate shall be computed
		

		
			on the basis of a year of 365 or 366 days, as appropriate, for
		

		
			the actual number of days elapsed.
		

		
			﻿
		

		
			     The interest installment on any Security which 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 which 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:
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                7
		

		
			﻿
		

		
			     (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 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 or less than 10 days
		

		
			prior to the date of the proposed payment and not less than 10
		

		

		

		 

 

		days after the receipt by the Trustee of the notice of the
		

		
			proposed payment. The Trustee shall promptly notify the Company
		

		
			of such special record date and, in the name and at the expense
		

		
			of the Company, shall cause notice of the proposed payment of
		

		
			such Defaulted Interest and the special record date therefor to
		

		
			be mailed, first class postage prepaid, to each Securityholder at
		

		
			his or her address as it appears in the Security Register (as
		

		
			hereinafter defined), not less than 10 days prior to such special
		

		
			record date. Notice of the proposed payment of such Defaulted
		

		
			Interest and the special record date therefor having been mailed
		

		
			as aforesaid, such Defaulted Interest shall be paid to the
		

		
			persons in whose names such Securities (or their respective
		

		
			Predecessor Securities) are registered on such special record
		

		
			date and shall be no longer payable pursuant to the following
		

		
			clause (2).
		

		
			﻿
		

		
			     (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.
		

		
			﻿
		

		
			     The term "regular record date" as used in this Section with
		

		
			respect to a series of Securities with respect to 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 last 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 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, which were carried by such other Security.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                8
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 2.04. The Securities shall, subject to the
		

		
			provisions of Section 2.06, be printed on steel engraved borders
		

		
			or fully or partially engraved, or legibly typed, as the proper
		

		
			officers of the Company may determine, and shall be signed on
		

		
			behalf of the Company by its President or one of its Vice
		

		
			Presidents, under its corporate seal attested by its Secretary or
		

		

		

		 

 

		one of its Assistant Secretaries.  The signature of the President
		

		
			or a Vice President and/or the signature of the Secretary or an
		

		
			Assistant Secretary in attestation of the corporate seal, upon
		

		
			the Securities, may be in the form of a facsimile signature of a
		

		
			present or any future President or Vice President and of a
		

		
			present or any future Secretary or Assistant Secretary and may be
		

		
			imprinted or otherwise reproduced on the Securities and for that
		

		
			purpose the Company may use the facsimile signature of any person
		

		
			who shall have been a President or Vice President, or of any
		

		
			person who shall have been a Secretary or Assistant Secretary,
		

		
			notwithstanding the fact that at the time the Securities shall be
		

		
			authenticated and delivered or disposed of such person shall have
		

		
			ceased to be the President or a Vice President, or the Secretary
		

		
			or an Assistant Secretary, of the Company, as the case may be.
		

		
			The seal of the Company may be in the form of a facsimile of the
		

		
			seal of the Company and may be impressed, affixed, imprinted or
		

		
			otherwise reproduced on the Securities.
		

		
			﻿
		

		
			     Only such Securities as shall bear thereon a certificate of
		

		
			authentication substantially in the form established for such
		

		
			Securities, executed manually by an authorized signatory of the
		

		
			Trustee, or by any Authenticating Agent with respect to such
		

		
			Securities, shall be entitled to the benefits of this Indenture
		

		
			or be valid or obligatory for any purpose. Such certificate
		

		
			executed by the Trustee, or by any Authenticating Agent appointed
		

		
			by the Trustee with respect to such Securities, upon any Security
		

		
			executed by the Company 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 its
		

		
			President or any Vice President and its Treasurer or any
		

		
			Assistant Treasurer, and the Trustee in accordance with such
		

		
			written order 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 entitled to receive, and
		

		
			(subject to Section 7.01) shall be fully protected in relying
		

		
			upon, an Opinion of Counsel stating that the form and terms
		

		
			thereof have been established in conformity with the provisions
		

		
			of this Indenture and that such Securities, when authenticated
		

		
			and delivered by the Trustee, will be duly authorized, executed
		

		
			and delivered and will constitute the legal, valid and binding
		

		
			obligations of the Company, enforceable against it in accordance
		

		
			with their terms.
		

		
			﻿
		

		
			     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.
		

		

		

		 

 

		﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                9
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 2.05. (a) Securities of any series may be exchanged
		

		
			upon presentation thereof at the office or agency of the Company
		

		
			designated for such purpose in either the City of Los Angeles,
		

		
			State of California, or the Borough of Manhattan, the City and
		

		
			State of New York, 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 which 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 in either the City
		

		
			of Los Angeles, State of California, or the Borough of Manhattan,
		

		
			the City and State of New York, or such other location designated
		

		
			by the Company 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 by the Board of Directors by Board
		

		
			Resolution (the "Security Registrar").
		

		
			﻿
		

		
			     Upon surrender for transfer of any Security at the office or
		

		
			agency of the Company designated for such purpose in either the
		

		
			City of Los Angeles, State of California, or the Borough of
		

		
			Manhattan, the City and State of New York, 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.
		

		
			﻿
		

		
			     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 his duly authorized
		

		
			attorney in writing.
		

		
			﻿
		

		
			     (c) 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, 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, the second paragraph of
		

		
			Section 3.03 and Section 9.04 not involving any transfer.
		

		
			﻿
		

		
			     (d) The Company shall not be required (a) 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 mailing 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 mailing, nor (b) to register the
		

		
			transfer of or exchange any Securities of any series or portions
		

		
			thereof called for redemption.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               10
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 2.06. 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, and 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 holders), at the office
		

		
			or agency of the Company designated for the purpose in either the
		

		
			City of Los Angeles, State of California, or the Borough of
		

		
			Manhattan, the City and State of New York, 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. 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. 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 its 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 to 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 to 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 issue 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. In case any Security which 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 to 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 Security issued pursuant to the provisions of this
		

		
			Section in substitution for any Security which is mutilated,
		

		
			destroyed, lost or stolen 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
		

		
			﻿
		

		
			﻿
		

		
			                               11
		

		
			﻿
		

		
			﻿
		

		
			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. All Securities surrendered for the purpose of
		

		
			payment, redemption, exchange or registration of transfer shall,
		

		
			if surrendered to the Company or any paying 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, the Trustee shall deliver to the Company cancelled
		

		
			Securities held by the Trustee. In the absence of such request
		

		
			the Trustee may dispose of cancelled 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. Nothing in this Indenture or in the
		

		
			Securities, express or implied, shall give or be construed to
		

		
			give to any person, firm or corporation, 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.
		

		
			﻿
		

		
			     SECTION 2.10. 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
		

		
			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 except for authentication
		

		
			upon original issuance or pursuant to Section 2.07 hereof. Each
		

		
			Authenticating Agent shall be acceptable to the Company and shall
		

		
			be a corporation which 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 which 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
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		

		

		 

 

		                               12
		

		
			﻿
		

		
			﻿
		

		
			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.
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE THREE
		

		
			       Redemption of Securities and Sinking Fund Provisions
		

		
			﻿
		

		
			     SECTION 3.01. 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. (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 the
		

		
			right reserved so to do, it shall give notice of such redemption
		

		
			to holders of the Securities of such series to be redeemed by
		

		
			mailing, first class postage prepaid, a notice of such redemption
		

		
			not less than 30 days and not more than 60 days before the date
		

		
			fixed for redemption of that series to such holders at their last
		

		
			addresses as they shall appear upon the Security Register. Any
		

		
			notice which 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 Officers'
		

		
			Certificate evidencing compliance with any such restriction.
		

		
			﻿
		

		
			     Each such notice of redemption shall 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 in either the City of
		

		
			Los Angeles, State of California, or the Borough of Manhattan,
		

		
			the City and State of New York, 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 for 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 whole or in part shall specify the particular Securities to be
		

		
			so redeemed. In case any Security is to be redeemed in part only,
		

		
			the notice which 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.
		

		
			﻿
		

		
			     (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 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 Trustee shall select, by lot or in
		

		
			such other manner as it shall deem appropriate and fair in its
		

		
			discretion and which may provide for the selection of a portion
		

		
			or portions (equal to $1,000 or any 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.
		

		
			﻿
		

		
			﻿
		

		
			                               13
		

		
			﻿
		

		
			﻿
		

		
			     The Company may, if and whenever it shall so elect, by
		

		
			delivery of instructions signed on its behalf by its President or
		

		
			any Vice President, 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. (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 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 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 which
		

		
			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 holder thereof, at the
		

		
			expense of the Company, a new Security or Securities of the same
		

		
			series, of authorized denominations in principal amount equal to
		

		
			the unredeemed portion of the Security so presented.
		

		
			﻿
		

		
			     SECTION 3.04. 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.
		

		
			﻿
		

		
			     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.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               14
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 3.05. The Company (1) may deliver Outstanding
		

		
			Securities of a series (other than any previously called for
		

		
			redemption) and (2) may apply as a credit Securities of a series
		

		
			which 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. Not less than 45 days prior to each sinking
		

		
			fund payment date for any series of Securities, the Company will
		

		
			deliver to the Trustee an Officers' Certificate specifying the
		

		
			amount of the next ensuing sinking fund payment for that series
		

		
			pursuant to the terms of that series, the portion thereof, if
		

		
			any, which 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 also deliver to the Trustee any
		

		
			Securities to be so delivered. Not less than 30 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 3.02 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 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 FOUR
		

		
			               Particular Covenants of the Company
		

		
			﻿
		

		
			     The Company covenants and agrees for each series of the
		

		
			Securities as follows:
		

		
			﻿
		

		
			     SECTION 4.01. 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.
		

		
			﻿
		

		
			     SECTION 4.02. So long as any series of the Securities remain
		

		
			outstanding, the Company agrees to maintain an office or agency
		

		
			in either the City of Los Angeles, State of California, or the
		

		
			Borough of Manhattan, the City and State of New York, 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 hereinabove
		

		
			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.  As to such office or agency in either the City of Los
		

		
			Angeles, State of California, or the Borough of Manhattan, the
		

		
			City and State of New York, the Company shall, designate the
		

		
			required office or agency to be located in either the City of Los
		

		
			Angeles, State of California, or the Borough of Manhattan, the
		

		
			City and State of New York, for each Series of Securities, such
		

		
			designation to continue with respect to such office or agency
		

		
			until the Company shall, by written notice signed by its
		

		
			President or a Vice President and delivered to
		

		
			﻿
		

		
			﻿
		

		
			                               15
		

		
			﻿
		

		
			﻿
		

		
			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.
		

		
			﻿
		

		
			     SECTION 4.03. (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 on 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 on 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
		

		
			﻿
		

		
			(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 a
		

		
			paying agent a sum sufficient to pay the principal (and premium,
		

		
			if any) or interest so becoming due, such sum to be held in trust
		

		
			for the benefit of the persons entitled to such principal,
		

		
			premium or interest, and (unless such paying agent is the
		

		
			Trustee) the Company will promptly notify the Trustee of its
		

		
			action or failure so to act.
		

		
			﻿
		

		
			     (c) Anything in this Section to the contrary
		

		
			notwithstanding, (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 as
		

		
			those upon which such sums were held by the Company or such
		

		
			paying agent; and, upon such payment by any paying agent to the
		

		
			Trustee, such paying agent shall be released from all further
		

		
			liability with respect to such money.
		

		
			﻿
		

		
			﻿
		

		
			                               16
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 4.04. 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.
		

		
			﻿
		

		
			     SECTION 4.05. The Company will not, while any of the
		

		
			Securities remain outstanding, create, or suffer to be created or
		

		
			to exist, any mortgage, lien, pledge, security interest or other
		

		
			encumbrance of any kind upon any property of any character of the
		

		
			Company whether now owned or hereafter acquired or upon any of
		

		
			the income or profits therefrom unless it shall make effective
		

		
			provision whereby the Securities then outstanding shall be
		

		
			secured by such mortgage, lien, pledge, security interest or
		

		
			other encumbrance equally and ratably with any and all
		

		
			obligations and indebtedness thereby secured so long as any such
		

		
			obligations and indebtedness shall be so secured; provided,
		

		
			however, that nothing in this Section shall be construed to
		

		
			prevent the Company from creating, or from suffering to be
		

		
			created or to exist, any mortgages, liens, pledges, security
		

		
			interests or other encumbrances, or any agreements, with respect
		

		
			to:
		

		
			﻿
		

		
			(1) Purchase money mortgages, or other purchase money liens,
		

		
			pledges or encumbrances of any kind upon property hereafter
		

		
			acquired by the Company, or mortgages, liens, pledges, security
		

		
			interests or other encumbrances of any kind existing on such
		

		
			property at the time of the acquisition thereof, or conditional
		

		
			sales agreements or other title retention agreements with respect
		

		
			to any property hereafter acquired; provided, however, that no
		

		
			such mortgage, lien, pledge, security interest or other
		

		
			encumbrance, and no such agreement, shall extend to or cover any
		

		
			other property of the Company;
		

		
			﻿
		

		
			(2) The replacement, extension or renewal of any such mortgage,
		

		
			lien, pledge, security interest or other encumbrance, or of any
		

		
			such agreement, permitted by the foregoing clause (1), or the
		

		
			replacement or renewal (without increase in principal amount or
		

		
			extension of final maturity date) of the indebtedness secured
		

		
			thereby;
		

		
			﻿
		

		
			(3) Liens for taxes or assessments or governmental charges or
		

		
			levies; pledges or deposits to secure obligations under worker's
		

		
			compensation laws or similar legislation; pledges or deposits to
		

		
			secure performance in connection with bids, tenders, contracts
		

		
			(other than contracts for the payment of money) or leases to
		

		
			which the Company is a party; deposits to secure public or
		

		
			statutory obligations of the Company; materialmen's, mechanics',
		

		

		

		 

 

		carriers', workers', repairmen's or other like liens in the
		

		
			ordinary course of business, or deposits to obtain the release of
		

		
			such liens; deposits to secure surety and appeal bonds to which
		

		
			the Company is a party; other pledges or deposits for similar
		

		
			purposes in the ordinary course of business; liens created by or
		

		
			resulting from any litigation or legal proceeding which at the
		

		
			time is currently being contested in good faith by appropriate
		

		
			proceedings; leases made, or existing on property acquired, in
		

		
			the ordinary course of business; landlord's liens under leases to
		

		
			which the Company is a party; zoning restrictions, easements,
		

		
			licenses, restrictions on the use of real property or minor
		

		
			irregularities in title thereto, which do not materially impair
		

		
			the use of such property in the operation of the business of the
		

		
			Company or the value of such property for the purpose of such
		

		
			business; or the lien of the Trustee described in Section 7.06
		

		
			hereof;
		

		
			﻿
		

		
			(4) First Mortgage Bonds outstanding on the date hereof and any
		

		
			replacement or renewal (without increase in principal amount or
		

		
			extension of final maturity date) of such outstanding First
		

		
			Mortgage Bonds;
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               17
		

		
			﻿
		

		
			﻿
		

		
			(5) First Mortgage Bonds which may be issued by the Company in
		

		
			connection with a consolidation or merger of the Company with or
		

		
			into any Affiliate in exchange for or otherwise in substitution
		

		
			for long-term senior indebtedness of such Affiliate ("Affiliate
		

		
			Debt") which by its terms (i) is secured by a mortgage on all or
		

		
			a portion of the property of such Affiliate, (ii) prohibits
		

		
			long-term senior secured indebtedness from being incurred by such
		

		
			Affiliate, or a successor thereto, unless the Affiliate Debt
		

		
			shall be secured equally and ratably with such long-term senior
		

		
			secured indebtedness or (iii) prohibits long-term senior secured
		

		
			indebtedness from being incurred by such Affiliate; or
		

		
			﻿
		

		
			(6) Indebtedness assumed by the Company of the character
		

		
			specified in clause (a) of the second paragraph of Section 4.06
		

		
			hereof.
		

		
			﻿
		

		
			     SECTION 4.06. The Company will not, while any of the
		

		
			Securities remain outstanding, consolidate with, or merge into,
		

		
			or merge into itself, or sell or convey all or substantially all
		

		
			of its property to, any other company unless the provisions of
		

		
			Article Ten hereof are complied with.
		

		
			﻿
		

		
			     If upon any such consolidation or merger, or sale or
		

		
			conveyance, any of the property of the Company owned by the
		

		
			Company prior thereto would thereupon become subject to any
		

		
			mortgage, security interest, pledge or lien, the Company, prior
		

		
			to such consolidation, merger, sale or conveyance, will secure
		

		
			the outstanding Securities, or cause the same to be secured,
		

		
			equally and ratably with the other indebtedness or obligations
		

		

		

		 

 

		secured by such mortgage, security interest, pledge or lien so
		

		
			long as such other indebtedness or obligations shall be so
		

		
			secured; provided, however, that (a) the subjection of the
		

		
			property of the Company to any mortgage, security interest,
		

		
			pledge or lien securing indebtedness of an Affiliate which is
		

		
			required to be assumed by the Company in connection with any
		

		
			merger or consolidation of such Affiliate shall be deemed
		

		
			excluded from the operation of this Section and shall not require
		

		
			that any of the Securities be secured; and (b) the subjection of
		

		
			property of the Company to any mortgage, security interest,
		

		
			pledge or lien of the character referred to in clauses (1), (2),
		

		
			(3), (4) and (5) of Section 4.05 shall be deemed excluded from
		

		
			the operation of this Section and shall not require that any of
		

		
			the Securities be secured.
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE FIVE
		

		
			        Securityholders' Lists and Reports by the Company
		

		
			                         and the Trustee
		

		
			﻿
		

		
			     SECTION 5.01. The Company will furnish or cause to be
		

		
			furnished to the Trustee (a) semi-annually, not more than 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 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, no such list need be
		

		
			furnished for any series for which the Trustee shall be the
		

		
			Security Registrar.
		

		
			﻿
		

		
			     SECTION 5.02. (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
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               18
		

		
			﻿
		

		
			﻿
		

		
			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) In case three or more holders of Securities of a series
		

		
			(hereinafter referred to as "applicants") apply in writing to the
		

		
			Trustee, and furnish to the Trustee reasonable proof that each
		

		
			such applicant has owned a Security for a period of at least six
		

		
			months preceding the date of such application, and such
		

		
			application states that the applicants desire to communicate with
		

		

		

		 

 

		other holders of Securities of such series or holders of all
		

		
			Securities with respect to their rights under this Indenture or
		

		
			under such Securities, and is accompanied by a copy of the form
		

		
			of proxy or other communication which such applicants propose to
		

		
			transmit, then the Trustee shall, within five business days after
		

		
			the receipt of such application, at its election, either
		

		
			﻿
		

		
			(1) afford to such applicants access to the information preserved
		

		
			at the time by the Trustee in accordance with the provisions of
		

		
			subsection (a) of this Section, or
		

		
			﻿
		

		
			(2) inform such applicants as to the approximate number of
		

		
			holders of Securities of such series or of all Securities, as the
		

		
			case may be, whose names and addresses appear in the information
		

		
			preserved at the time by the Trustee, in accordance with the
		

		
			provisions of subsection (a) of this Section, and as to the
		

		
			approximate cost of mailing to such Securityholders the form of
		

		
			proxy or other communication, if any, specified in such
		

		
			application.
		

		
			﻿
		

		
			     (d) If the Trustee shall elect not to afford such applicants
		

		
			access to such information, the Trustee shall, upon the written
		

		
			request of such applicants, mail to each holder of such series or
		

		
			of all Securities, as the case may be, whose name and address
		

		
			appears in the information preserved at the time by the Trustee
		

		
			in accordance with the provisions of subsection (a) of this
		

		
			Section, a copy of the form of proxy or other communication which
		

		
			is specified in such request, with reasonable promptness after a
		

		
			tender to the Trustee of the material to be mailed and of
		

		
			payment, or provision for the payment, of the reasonable expenses
		

		
			of mailing, unless within five days after such tender, the
		

		
			Trustee shall mail to such applicants and file with the
		

		
			Securities and Exchange Commission, together with a copy of the
		

		
			material to be mailed, a written statement to the effect that, in
		

		
			the opinion of the Trustee, such mailing would be contrary to the
		

		
			best interests of the holders of Securities of such series or of
		

		
			all Securities, as the case may be, or would be in violation of
		

		
			applicable law. Such written statement shall specify the basis of
		

		
			such opinion. If said Commission, after opportunity for a hearing
		

		
			upon the objections specified in the written statement so filed,
		

		
			shall enter an order refusing to sustain any of such objections
		

		
			or if, after the entry of an order sustaining one or more of such
		

		
			objections, said Commission shall find, after notice and
		

		
			opportunity for hearing, that all the objections so sustained
		

		
			have been met and shall enter an order so declaring, the Trustee
		

		
			shall mail copies of such material to all such Securityholders
		

		
			with reasonable promptness after the entry of such order and the
		

		
			renewal of such tender; otherwise the Trustee shall be relieved
		

		
			of any obligation or duty to such applicants respecting their
		

		
			application.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               19
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			     (e) Each and every holder of the Securities, by receiving
		

		
			and holding the same, agrees with the Company and the Trustee
		

		
			that neither the Company nor the Trustee nor any paying agent nor
		

		
			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 the provisions of
		

		
			subsection (b) of this Section, 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 said subsection (b).
		

		
			﻿
		

		
			     SECTION 5.03. (a) The Company covenants and agrees to file
		

		
			with the Trustee, within 15 days after the Company is required to
		

		
			file the same with the Securities and Exchange 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
		

		
			said Commission may from time to time by rules and regulations
		

		
			prescribe) which the Company may be required to file with said
		

		
			Commission pursuant to Section 13 or Section 15(d) of the
		

		
			Securities Exchange Act of 1934, as amended; or, if the Company
		

		
			is not required to file information, documents or reports
		

		
			pursuant to either of such sections, then to file with the
		

		
			Trustee and said Commission, in accordance with the rules and
		

		
			regulations prescribed from time to time by said Commission, such
		

		
			of the supplementary and periodic information, documents and
		

		
			reports which may be required pursuant to Section 13 of the
		

		
			Securities Exchange Act of 1934, as amended, 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.
		

		
			﻿
		

		
			     (b) The Company covenants and agrees to file with the
		

		
			Trustee and the Securities and Exchange Commission, in accordance
		

		
			with the rules and regulations prescribed from time to time by
		

		
			said Commission, such additional information, documents and
		

		
			reports with respect to compliance by the Company with the
		

		
			conditions and covenants provided for in this Indenture as may be
		

		
			required from time to time by such rules and regulations.
		

		
			﻿
		

		
			     (c) The Company covenants and agrees to transmit by mail,
		

		
			first class postage prepaid, or reputable over-night delivery
		

		
			service which provides for evidence of receipt, to the
		

		
			Securityholders, as their names and addresses appear upon the
		

		
			Security Register, within 30 days after the filing thereof with
		

		
			the Trustee, such summaries of any information, documents and
		

		
			reports required to be filed by the Company pursuant to
		

		
			subsections (a) and (b) of this Section as may be required by
		

		
			rules and regulations prescribed from time to time by the
		

		
			Securities and Exchange Commission.
		

		
			﻿
		

		
			     (d) The Company covenants and agrees to furnish to the
		

		
			Trustee, on or before May 15 in each calendar year in which any
		

		
			of the Securities are outstanding, or on or before such other day
		

		
			in each calendar year as the Company and the Trustee may from
		

		
			time to time agree upon, a certificate from the principal
		

		
			executive officer, principal financial officer or principal
		

		

		

		 

 

		accounting officer as to his or her knowledge of the Company's
		

		
			compliance with all conditions and covenants under this
		

		
			Indenture. For purposes of this subsection (d), such compliance
		

		
			shall be determined without regard to any period of grace or
		

		
			requirement of notice provided under this Indenture.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               20
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 5.04. (a) On or before July 15 in each year in which
		

		
			any Securities are outstanding hereunder, the Trustee shall
		

		
			transmit by mail, first class postage prepaid, to the
		

		
			Securityholders, as their names and addresses appear upon the
		

		
			Security Register, a brief report dated as of the preceding May
		

		
			15, with respect to any of the following events which may have
		

		
			occurred within the previous twelve months (but if no such event
		

		
			has occurred within such period no report need be transmitted):
		

		
			﻿
		

		
			     (1) any change to its eligibility under Section 7.09, and
		

		
			its qualifications under Section 7.08;
		

		
			﻿
		

		
			(2) the creation of or any material change to a relationship
		

		
			specified in paragraphs (1) through (10) of subsection (c) of
		

		
			Section 7.08;
		

		
			﻿
		

		
			(3) the character and amount of any advances (and if the Trustee
		

		
			elects so to state, the circumstances surrounding the making
		

		
			thereof) made by the Trustee (as such) which remain unpaid on the
		

		
			date of such report, and for the reimbursement of which it claims
		

		
			or may claim a lien or charge, prior to that of the Securities,
		

		
			on any property or funds held or collected by it as Trustee if
		

		
			such advances so remaining unpaid aggregate more than 1/2 of 1%
		

		
			of the principal amount of the Securities outstanding on the date
		

		
			of such report;
		

		
			﻿
		

		
			(4) any change to the amount, interest rate, and maturity date of
		

		
			all other indebtedness owing by the Company, or by any other
		

		
			obligor on the Securities, to the Trustee in its individual
		

		
			capacity, on the date of such report, with a brief description of
		

		
			any property held as collateral security therefor, except any
		

		
			indebtedness based upon a creditor relationship arising in any
		

		
			manner described in paragraphs (2), (3), (4), or (6) of
		

		
			subsection (b) of Section 7.13;
		

		
			﻿
		

		
			(5) any change to the property and funds, if any, physically in
		

		
			the possession of the Trustee as such on the date of such report;
		

		
			﻿
		

		
			(6) any release, or release and substitution, of property subject
		

		
			to the lien of this Indenture (and the consideration thereof, if
		

		
			any) which it has not previously reported;
		

		
			﻿
		

		

		

		 

 

		(7) any additional issue of Securities which the Trustee has not
		

		
			previously reported; and
		

		
			﻿
		

		
			(8) any action taken by the Trustee in the performance of its
		

		
			duties under this Indenture which it has not previously reported
		

		
			and which in its opinion materially affects the Securities or the
		

		
			Securities of any series, except any action in respect of a
		

		
			default, notice of which has been or is to be withheld by it in
		

		
			accordance with the provisions of Section 6.07.
		

		
			﻿
		

		
			     (b) The Trustee shall transmit by mail, first class postage
		

		
			prepaid, to the Securityholders, as their names and addresses
		

		
			appear upon the Security Register, a brief report with respect to
		

		
			the character and amount of any advances (and if the Trustee
		

		
			elects so to state, the circumstances surrounding the making
		

		
			thereof) made by the Trustee as such since the date of the last
		

		
			report transmitted pursuant to the provisions of subsection (a)
		

		
			of
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               21
		

		
			﻿
		

		
			﻿
		

		
			this Section (or if no such report has yet been so transmitted,
		

		
			since the date of execution of this Indenture), for the
		

		
			reimbursement of which it claims or may claim a lien or charge
		

		
			prior to that of the Securities of any series on property or
		

		
			funds held or collected by it as Trustee, and which it has not
		

		
			previously reported pursuant to this subsection if such advances
		

		
			remaining unpaid at any time aggregate more than 10% of the
		

		
			principal amount of Securities of such series outstanding at such
		

		
			time, such report to be transmitted within 90 days after such
		

		
			time.
		

		
			﻿
		

		
			     (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 stock exchange upon which any Securities are
		

		
			listed (if so listed) and also with the Securities and Exchange
		

		
			Commission. The Company agrees to notify the Trustee when any
		

		
			Securities become listed on any stock exchange.
		

		
			﻿
		

		
			﻿
		

		
			                           ARTICLE SIX
		

		
			           Remedies of the Trustee and Securityholders
		

		
			                       on Event of Default
		

		
			﻿
		

		
			     SECTION 6.01. (a) Whenever used herein with respect to
		

		
			Securities of a particular series, "Event of Default" means any
		

		
			one or more of the following events which has occurred and is
		

		
			continuing:
		

		
			﻿
		

		
			(1) default 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 continuance of such default for a
		

		
			period of 30 business days;
		

		
			﻿
		

		
			(2) default 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;
		

		
			﻿
		

		
			(3) failure on the part of the Company duly to observe or perform
		

		
			any other of the covenants or agreements 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 2.01 hereof or contained in this
		

		
			Indenture (other than a covenant or agreement which 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) a decree or order by a court having jurisdiction in the
		

		
			premises shall have been entered adjudging the Company a bankrupt
		

		
			or insolvent, or approving as properly filed a petition seeking
		

		
			liquidation or reorganization of the Company under the Federal
		

		
			Bankruptcy Code or any
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               22
		

		
			﻿
		

		
			﻿
		

		
			other similar applicable Federal or State law, and such decree or
		

		
			order shall have continued unvacated and unstayed for a period of
		

		
			90 days; or an involuntary case shall be commenced under such
		

		
			Code 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; 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 or custodian or liquidator or 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; or
		

		
			﻿
		

		

		

		 

 

		(5) the Company shall institute proceedings to be adjudicated a
		

		
			voluntary bankrupt, or shall consent to the filing of a
		

		
			bankruptcy proceeding against it, or shall file a petition or
		

		
			answer or consent seeking liquidation or reorganization under the
		

		
			Federal Bankruptcy Code or any other similar applicable Federal
		

		
			or State law, or 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 an assignment for the benefit of
		

		
			creditors.
		

		
			﻿
		

		
			     (b) In each and every such case, 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 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,
		

		
			anything contained in this Indenture or in the Securities of that
		

		
			series or established with respect to that series pursuant to
		

		
			Section 2.01 hereof to the contrary notwithstanding.
		

		
			﻿
		

		
			     (c) This provision, however, is subject to the condition
		

		
			that if, at any time after the principal of 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
		

		
			Company shall pay or shall deposit 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 which 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 any
		

		
			and all defaults under the Indenture, other than the nonpayment
		

		
			of principal on Securities of that series which shall not have
		

		
			become due by their terms, shall have been remedied or waived as
		

		
			provided in Section 6.06 then and in every such case the holders
		

		
			of a majority in aggregate principal amount of the Securities of
		

		
			that series then outstanding, by written notice to the Company
		

		
			and to the Trustee, may rescind and annul such declaration and
		

		
			its consequences; but no such rescission and annulment shall
		

		
			extend to or shall affect any subsequent default, or shall impair
		

		
			any right consequent thereon.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               23
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			     (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 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. (a) The Company covenants that (1) in case
		

		
			default shall be made in the payment of any installment of
		

		
			interest on any of the Securities of a series, or any payment
		

		
			required by any sinking or analogous fund established with
		

		
			respect to that series as and when the same shall become due and
		

		
			payable, and such default shall have continued for a period of 30
		

		
			business days, or (2) in case default shall be made 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 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) In case the Company shall fail forthwith to pay such
		

		
			amounts 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 in
		

		
			the manner provided by law out of the property of the Company or
		

		
			other obligor upon the Securities of that series wherever
		

		
			situated the moneys adjudged or decreed to be payable.
		

		
			﻿
		

		
			     (c) In case of any receivership, insolvency, liquidation,
		

		
			bankruptcy, reorganization, readjustment, arrangement,
		

		
			composition or other judicial proceedings affecting the Company,
		

		
			any other obligor on such Securities, or the creditors or
		

		
			property of either, 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 holders of
		

		
			Securities of such series allowed for the entire amount due and
		

		
			payable by the Company or such other obligor under the Indenture
		

		
			at the date of institution of such proceedings and for any
		

		
			additional amount which may become due and payable by the Company
		

		
			or such other obligor 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.
		

		
			﻿
		

		
			﻿
		

		
			                               24
		

		
			﻿
		

		
			﻿
		

		
			     (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 herein contained 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 holder thereof or to authorize the Trustee
		

		
			to vote in respect of the claim of any Securityholder in any such
		

		
			proceeding.
		

		
			﻿
		

		
			     SECTION 6.03. Any moneys collected by the Trustee pursuant
		

		
			to Section 6.02 with respect to a particular series of Securities
		

		
			shall be applied in the order following, 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 several Securities of that series, and
		

		
			stamping thereon 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.
		

		
			﻿
		

		
			     SECTION 6.04. 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 such holder previously shall have given to the
		

		
			Trustee written notice of an Event of Default and of the
		

		
			continuance thereof with respect to Securities of such series
		

		
			specifying such Event of Default, as hereinbefore provided, and
		

		
			unless also 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 and shall have offered to the Trustee such
		

		
			reasonable indemnity as it may require against the costs,
		

		
			expenses and liabilities to be incurred therein or thereby, and
		

		
			the Trustee for 60 days after its receipt of such notice, request
		

		
			and offer of indemnity, shall have failed to institute any
		

		
			﻿
		

		
			﻿
		

		
			                               25
		

		
			﻿
		

		
			﻿
		

		
			such action, suit or proceeding; it being understood and
		

		
			intended, and being expressly 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.
		

		
			﻿
		

		
			     Notwithstanding any other provisions of this Indenture,
		

		
			however, 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.
		

		
			﻿
		

		
			     SECTION 6.05. (a) 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 others thereof or 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.
		

		
			﻿
		

		
			     (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 to 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. 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 unduly prejudicial to the rights of holders of
		

		
			Securities of any other series at the time outstanding determined
		

		
			in accordance with Section 8.04, not parties thereto. 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 would involve the
		

		
			Trustee in personal liability. 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, may
		

		
			on behalf of the holders of all of the Securities of that series
		

		
			waive any past default in the performance of any of the covenants
		

		
			contained herein
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               26
		

		
			﻿
		

		
			﻿
		

		
			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 or a call for redemption of
		

		
			Securities of that series. 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 that 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. The Trustee shall, within 90 days after the
		

		
			occurrence of a default with respect to a particular series,
		

		
			transmit by mail, first class postage prepaid, to the holders of
		

		
			Securities of that series, as their names and addresses appear
		

		
			upon the Security Register, notice of all defaults with respect
		

		
			to that series known to the Trustee, unless such defaults shall
		

		
			have been cured before the giving of such notice (the term
		

		
			"defaults" for the purposes of this Section being hereby defined
		

		
			to be the events specified in subsections (1), (2), (3), (4) and
		

		
			(5) of Section 6.01(a), not including any periods of grace
		

		
			provided for therein and irrespective of the giving of notice
		

		
			provided for by subsection (3) of Section 6.01(a)); provided,
		

		
			that, except in the case of default in the payment of the
		

		
			principal of (or premium, if any) or interest on any of the
		

		
			Securities of that series or in the payment of any sinking fund
		

		
			installment established with respect to that series, the Trustee
		

		
			shall be protected in withholding such notice if and so long as
		

		
			the board of directors, the executive committee, or a trust
		

		
			committee of directors and/or responsible officers, of the
		

		
			Trustee in good faith determine that the withholding of such
		

		
			notice is in the interests of the Securityholders of Securities
		

		
			of that series; provided further, that in the case of any default
		

		
			of the character specified in Section 6.01(a)(3) with respect to
		

		
			Securities of such series no such notice to the holders of the
		

		
			Securities of that series shall be given until at least 30 days
		

		
			after the occurrence thereof.
		

		
			﻿
		

		
			     The Trustee shall not be deemed to have knowledge of any
		

		
			default, except (i) a default under subsections (a)(1) or (a)(2)
		

		
			of Section 6.01 as long as the Trustee is acting as paying agent
		

		
			for such series of Securities or (ii) any default as to which the
		

		
			Trustee shall have received written notice or a responsible
		

		
			officer charged with the administration of this Indenture shall
		

		
			have obtained actual knowledge.
		

		
			﻿
		

		
			     SECTION 6.08. All parties to this Indenture agree, and each
		

		
			holder of any Securities 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 an undertaking to pay the costs of such
		

		
			suit, and that such court may in its discretion assess reasonable
		

		
			costs, including reasonable attorneys' fees, against any party
		

		
			litigant in such suit, having due regard to the merits and good
		

		
			faith of the claims or defenses made by such party litigant; but
		

		
			the provisions of this Section shall not apply to any suit
		

		

		

		 

 

		instituted by the Trustee, to any suit instituted by any
		

		
			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.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               27
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE SEVEN
		

		
			                     Concerning the Trustee
		

		
			﻿
		

		
			     SECTION 7.01. (a) The Trustee, prior to the occurrence of an
		

		
			Event of Default with respect to Securities of a series and after
		

		
			the curing of all Events of Default with respect to Securities of
		

		
			that series which may have occurred, shall undertake to perform
		

		
			with respect to 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
		

		
			Securities of a series has occurred (which 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 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
		

		
			﻿
		

		
			(1) prior to the occurrence of an Event of Default with respect
		

		
			to Securities of a series and after the curing or waiving of all
		

		
			such Events of Default with respect to that series which may have
		

		
			occurred:
		

		
			﻿
		

		
			(i) the duties and obligations of the Trustee shall with respect
		

		
			to Securities of such series be determined solely by the express
		

		
			provisions of this Indenture, and the Trustee shall not be liable
		

		
			with respect to 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
		

		
			﻿
		

		
			(ii) in the absence of bad faith on the part of the Trustee, the
		

		
			Trustee may with respect to 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 which by any provision hereof are
		

		
			specifically required to be furnished to the Trustee, the Trustee
		

		
			shall be under a duty to examine the same to determine whether or
		

		
			not they conform to the requirements of this Indenture;
		

		
			﻿
		

		
			(2) the Trustee shall not be liable 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;
		

		
			﻿
		

		
			(3) 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; and
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               28
		

		
			﻿
		

		
			(4) 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.
		

		
			﻿
		

		
			          SECTION 7.02. Except as otherwise provided in Section
		

		
			7.01:
		

		
			﻿
		

		
			     (a) The Trustee may rely and shall be protected in acting or
		

		
			refraining from acting upon any resolution, certificate,
		

		
			statement, instrument, opinion, report, notice, request, 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
		

		
			the President or any Vice President and by the Secretary or an
		

		
			Assistant Secretary or the Treasurer or an Assistant Treasurer
		

		
			(unless other evidence in respect thereof is specifically
		

		
			prescribed herein);
		

		
			﻿
		

		
			     (c) The Trustee may consult with counsel and the written
		

		
			advice of such counsel or any Opinion of Counsel shall be full
		

		

		

		 

 

		and complete authorization and protection in respect of any
		

		
			action taken or suffered or omitted hereunder in good faith and
		

		
			in reliance thereon;
		

		
			﻿
		

		
			     (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 reasonable
		

		
			security or indemnity against the costs, expenses and liabilities
		

		
			which may be incurred therein or thereby; nothing herein
		

		
			contained shall, however, relieve the Trustee of the obligation,
		

		
			upon the occurrence of an Event of Default with respect to a
		

		
			series of the Securities (which 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 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,
		

		
			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 reasonable
		

		
			indemnity 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; and
		

		
			﻿
		

		
			﻿
		

		
			                               29
		

		
			﻿
		

		
			﻿
		

		
			     (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.
		

		
			﻿
		

		
			     SECTION 7.03. (a) The recitals contained herein and in the
		

		
			Securities (other than the Certificate of Authentication on the
		

		
			Securities) shall be taken as the statements of the Company, and
		

		
			the Trustee assumes no responsibility for the correctness of the
		

		

		

		 

 

		same.
		

		
			﻿
		

		
			     (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.
		

		
			﻿
		

		
			     SECTION 7.04. 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. 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. (a) The Company covenants and agrees to pay to
		

		
			the Trustee from time to time, and the Trustee shall be entitled
		

		
			to, reasonable compensation (which shall not be limited by any
		

		
			provision of law in regard to the compensation of a trustee of an
		

		
			express trust) for all services rendered by it in the execution
		

		
			of the trusts hereby created and in the exercise and performance
		

		
			of any of the powers and duties hereunder of the Trustee, and the
		

		
			Company will pay or reimburse the Trustee upon its request for
		

		
			all reasonable expenses, disbursements and advances incurred or
		

		
			made by the Trustee in accordance with any of the provisions of
		

		
			this Indenture (including the reasonable compensation and the
		

		
			expenses and disbursements of its counsel (including in-house
		

		
			counsel) and of all persons not regularly in its employ) except
		

		
			any such expense, disbursement or advance as may arise from its
		

		
			negligence or bad faith. The Company also covenants to indemnify
		

		
			the Trustee (and its officers, agents, directors and employees)
		

		
			for, and to hold it harmless against, any loss, liability or
		

		
			expense incurred without negligence or bad faith on the part of
		

		
			the Trustee and arising out of or in connection with the
		

		
			acceptance or administration of this trust, including the costs
		

		
			and expenses of defending itself against any claim of liability
		

		
			in the premises.
		

		
			﻿
		

		
			     (b) The obligations of the Company under this Section to
		

		
			compensate and indemnify the Trustee and to pay or reimburse the
		

		
			Trustee for expenses, disbursements and advances shall constitute
		

		
			additional indebtedness hereunder. Such additional indebtedness
		

		
			shall be secured by a lien prior to that of the Securities upon
		

		
			all property and funds held or collected by the Trustee as such,
		

		
			except funds held in trust for the benefit of the holders of
		

		
			particular Securities.
		

		

		

		 

 

		﻿
		

		
			                               30
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 7.07. Except as otherwise provided in Section 7.01,
		

		
			whenever in the administration of the provisions of this
		

		
			Indenture the Trustee shall deem it 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 Officers' 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. (a) If the Trustee has or shall acquire any
		

		
			conflicting interest, as defined in this Section, with respect to
		

		
			the Securities of any series and if the Default to which such
		

		
			conflicting interest relates has not been cured, duly waived or
		

		
			otherwise eliminated, within 90 days after ascertaining that it
		

		
			has such conflicting interest, it shall either eliminate such
		

		
			conflicting interest, except as otherwise provided herein, or
		

		
			resign with respect to the Securities of that series in the
		

		
			manner and with the effect specified in Section 7.10 and the
		

		
			Company shall promptly appoint a successor Trustee in the manner
		

		
			provided herein.
		

		
			﻿
		

		
			     (b) In the event that the Trustee shall fail to comply with
		

		
			the provisions of subsection (a) of this Section, with respect to
		

		
			the Securities of any series the Trustee shall, within ten days
		

		
			after the expiration of such 90-day period, transmit notice of
		

		
			such failure by mail, first class postage prepaid, to the
		

		
			Securityholders of that series as their names and addresses
		

		
			appear upon the registration books.
		

		
			﻿
		

		
			     (c) For the purposes of this Section the Trustee shall be
		

		
			deemed to have a conflicting interest with respect to the
		

		
			Securities of any series if a Default has occurred and is
		

		
			continuing and:
		

		
			﻿
		

		
			(1) the Trustee is trustee under this Indenture with respect to
		

		
			the outstanding Securities of any series other than that series,
		

		
			or is trustee under another indenture under which any other
		

		
			securities, or certificates of interest or participation in any
		

		
			other securities, of the Company are outstanding, unless such
		

		
			other indenture is a collateral trust indenture under which the
		

		
			only collateral consists of Securities issued under this
		

		
			Indenture; provided that there shall be excluded from the
		

		
			operation of this paragraph the Securities of any series other
		

		
			than that series and any other indenture or indentures under
		

		
			which other securities, or certificates of interest or
		

		
			participation in other securities, of the Company are outstanding
		

		
			if (i) this Indenture and such other indenture or indentures and
		

		
			all series of securities issuable thereunder are wholly unsecured
		

		

		

		 

 

		and rank equally and such other indenture or indentures (and such
		

		
			series) are hereafter qualified under the Trust Indenture Act of
		

		
			1939, as amended, unless the Securities and Exchange Commission
		

		
			shall have found and declared by order pursuant to subsection (b)
		

		
			of Section 305 or subsection (c) of Section 307 of the Trust
		

		
			Indenture Act of 1939, as amended, that differences exist between
		

		
			(A) the provisions of this Indenture with respect to Securities
		

		
			of that series and with respect to one or more other series or
		

		
			(B) the provisions of this Indenture and the provisions of such
		

		
			other indenture or indentures (or such series), which are so
		

		
			likely to involve a material conflict of interest as to make it
		

		
			necessary in the public interest or for the protection of
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               31
		

		
			﻿
		

		
			﻿
		

		
			investors to disqualify the Trustee from acting as such under
		

		
			this Indenture with respect to the Securities of that series and
		

		
			such other series or such other indenture or indentures, or (ii)
		

		
			the Company shall have sustained the burden of proving, on
		

		
			application to the Securities and Exchange Commission and after
		

		
			opportunity for hearing thereon, that the trusteeship under this
		

		
			Indenture with respect to Securities of that series and such
		

		
			other series or such other indenture or indentures is not so
		

		
			likely to involve a material conflict of interest as to make it
		

		
			necessary in the public interest or for the protection of
		

		
			investors to disqualify the Trustee from acting as such under
		

		
			this Indenture with respect to Securities of that series and such
		

		
			other series or under such other indentures;
		

		
			﻿
		

		
			(2) the Trustee or any of its directors or executive officers is
		

		
			an underwriter for the Company;
		

		
			﻿
		

		
			(3) the Trustee directly or indirectly controls or is directly or
		

		
			indirectly controlled by or is under direct or indirect common
		

		
			control with or an underwriter for the Company;
		

		
			﻿
		

		
			     (4) the Trustee or any of its directors or executive
		

		
			officers is a director, officer, partner, employee, appointee or
		

		
			representative of the Company, or of an underwriter (other than
		

		
			the Trustee itself) for the Company who is currently engaged in
		

		
			the business of underwriting, except that (A) one individual may
		

		
			be a director and/or an executive officer of the Trustee and a
		

		
			director and/or an executive officer of the Company, but may not
		

		
			be at the same time an executive officer of both the Trustee and
		

		
			the Company; (B) if and so long as the number of directors of the
		

		
			Trustee in office is more than nine, one additional individual
		

		
			may be a director and/or an executive officer of the Trustee and
		

		
			a director of the Company; and (C) the Trustee may be designated
		

		
			by the Company or by an underwriter for the Company to act in the
		

		
			capacity of transfer agent, registrar, custodian, paying agent,
		

		
			fiscal agent, escrow agent, or depository, or in any other
		

		
			similar capacity, or, subject to the provisions of paragraph (1)
		

		
			of this subsection (c), to act as trustee whether under an
		

		

		

		 

 

		indenture or otherwise;
		

		
			﻿
		

		
			(5) 10% or more of the voting securities of the Trustee is
		

		
			beneficially owned either by the Company or by any director,
		

		
			partner, or executive officer thereof, or 20% or more of such
		

		
			voting securities is beneficially owned, collectively, by any two
		

		
			or more of such persons; or 10% or more of the voting securities
		

		
			of the Trustee is beneficially owned either by an underwriter for
		

		
			the Company or by any director, partner, or executive officer
		

		
			thereof, or is beneficially owned, collectively, by any two or
		

		
			more such persons;
		

		
			﻿
		

		
			(6) the Trustee is the beneficial owner of, or holds as
		

		
			collateral security for an obligation which is in default (as
		

		
			hereinafter in this subsection (c) defined), (A) 5% or more of
		

		
			the voting securities, or 10% or more of any other class of
		

		
			security, of the Company, not including the Securities issued
		

		
			under this Indenture and securities issued under any other
		

		
			indenture under which the Trustee is also trustee, or (B) 10% or
		

		
			more of any class of security of an underwriter for the Company;
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               32
		

		
			﻿
		

		
			﻿
		

		
			     (7) the Trustee is the beneficial owner of, or holds as
		

		
			collateral security for an obligation which is in default (as
		

		
			hereinafter in this subsection (c) defined), 5% or more of the
		

		
			voting securities of any person who, to the knowledge of the
		

		
			Trustee, owns 10% or more of the voting securities of, or
		

		
			controls directly or indirectly or is under direct or indirect
		

		
			common control with, the Company;
		

		
			﻿
		

		
			(8) the Trustee is the beneficial owner of, or holds as
		

		
			collateral security for an obligation which is in default (as
		

		
			hereinafter in this subsection (c) defined), 10% or more of any
		

		
			class of security of any person who, to the knowledge of the
		

		
			Trustee, owns 50% or more of the voting securities of the
		

		
			Company;
		

		
			﻿
		

		
			(9) the Trustee owns, on the date of Default upon the Securities
		

		
			of any series or any anniversary of such Default while such
		

		
			Default upon the Securities issued under this Indenture remains
		

		
			outstanding, in the capacity of executor, administrator,
		

		
			testamentary or inter vivos trustee, guardian, committee or
		

		
			conservator, or in any other similar capacity, an aggregate of
		

		
			25% or more of the voting securities, or of any class of
		

		
			security, of any person, the beneficial ownership of a specified
		

		
			percentage of which would have constituted a conflicting interest
		

		
			under paragraph (6), (7), or (8) of this subsection (d). As to
		

		

		

		 

 

		any such securities of which the Trustee acquired ownership
		

		
			through becoming executor, administrator or testamentary trustee
		

		
			of an estate which include them, the provisions of the preceding
		

		
			sentence shall not apply, for a period of two years from the date
		

		
			of such acquisition, to the extent that such securities included
		

		
			in such estate do not exceed 25% of such voting securities or 25%
		

		
			of any such class of security. Promptly after the dates of any
		

		
			such Default upon the Securities issued under this Indenture and
		

		
			annually in each succeeding year that the Securities issued under
		

		
			this Indenture remain in Default, the Trustee shall make a check
		

		
			of its holding of such securities in any of the above-mentioned
		

		
			capacities as of such dates. If the Company fails to make payment
		

		
			in full of principal of or interest on any of the Securities when
		

		
			and as the same becomes due and payable, and such failure
		

		
			continues for 30 days thereafter, the Trustee shall make a prompt
		

		
			check of its holding of such securities in any of the
		

		
			above-mentioned capacities as of the date of the expiration of
		

		
			such 30-day period, and after such date, notwithstanding the
		

		
			foregoing provisions of this paragraph (9), all such securities
		

		
			so held by the Trustee, with sole or joint control over such
		

		
			securities vested in it, shall, but only so long as such failure
		

		
			shall continue, be considered as though beneficially owned by the
		

		
			Trustee for the purposes of paragraphs (6), (7) and (8) of this
		

		
			subsection (c); or (10) except under the circumstances described
		

		
			in paragraphs (1), (3), (4), (5) or (6) of subsection (b) of
		

		
			Section 7.13 the Trustee shall be or shall become a creditor of
		

		
			the Company.
		

		
			﻿
		

		
			     For purposes of paragraph (1) of this subsection (c), and of
		

		
			Section 6.06, the term "series of Securities" or "series" means a
		

		
			series, class or group of securities issuable under an indenture
		

		
			pursuant to whose terms holders of one such series may vote to
		

		
			direct the indenture trustee, or otherwise take action pursuant
		

		
			to a vote of such holders, separately from holders of another
		

		
			such series; provided, that "series of securities" or "series"
		

		
			shall not include any series of securities issuable under an
		

		
			indenture if all such series rank equally and are wholly
		

		
			unsecured.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               33
		

		
			﻿
		

		
			﻿
		

		
			     The specification of percentages in paragraphs (5) to (9),
		

		
			inclusive, of this subsection (c) shall not be construed as
		

		
			indicating that the ownership of such percentages of the
		

		
			securities of a person is or is not necessary or sufficient to
		

		
			constitute direct or indirect control for the purposes of
		

		
			paragraph (3) or (7) of this subsection (c).
		

		
			﻿
		

		
			     For the purposes of paragraphs (6), (7), (8) and (9) of this
		

		
			subsection (c) only, (A) the terms "security" and "securities"
		

		

		

		 

 

		shall include only such securities as are generally known as
		

		
			corporate securities, but shall not include any note or other
		

		
			evidence of indebtedness issued to evidence an obligation to
		

		
			repay moneys lent to a person by one or more banks, trust
		

		
			companies or banking firms, or any certificate of interest or
		

		
			participation in any such note or evidence of indebtedness; (B)
		

		
			an obligation shall be deemed to be in "default" when a default
		

		
			in payment of principal shall have continued for 30 days or more
		

		
			and shall not have been cured; and (C) the Trustee shall not be
		

		
			deemed to be the owner or holder of (i) any security which it
		

		
			holds as collateral security (as trustee or otherwise) for any
		

		
			obligation which is not in default as defined in clause (B)
		

		
			above, or (ii) any security which it holds as collateral security
		

		
			under this Indenture, irrespective of any Default hereunder, or
		

		
			(iii) any security which it holds as agent for collection, or as
		

		
			custodian, escrow agent or depositary, or in any similar
		

		
			representative capacity.
		

		
			﻿
		

		
			     Except as above provided, the word "security" or
		

		
			"securities" as used in this Indenture shall mean any note,
		

		
			stock, treasury stock, bond, debenture, evidence of indebtedness,
		

		
			certificate of interest or participation in any profit-sharing
		

		
			agreement, collateral-trust certificate, pre-organization
		

		
			certificate or subscription, transferable share, investment
		

		
			contract, voting-trust certificate, certificate of deposit for a
		

		
			security, fractional undivided interest in oil, gas, or other
		

		
			mineral rights, or, in general, any interest or instrument
		

		
			commonly known as a "security", or any certificate of interest or
		

		
			participation in, temporary or interim certificate for, receipt
		

		
			for, guarantee of, or warrant or right to subscribe to or
		

		
			purchase, any of the foregoing.
		

		
			﻿
		

		
			     (d) For the purposes of this Section:
		

		
			﻿
		

		
			     (1) The term "underwriter" when used with reference to the
		

		
			Company shall mean every person, who, within one year prior to
		

		
			the time as of which the determination is made, has purchased
		

		
			from the Company with a view to, or has offered or sold for the
		

		
			Company in connection with, the distribution of any security of
		

		
			the Company outstanding at such time, or has participated or has
		

		
			had a direct or indirect participation in any such undertaking,
		

		
			or has participated or has had a participation in the direct or
		

		
			indirect underwriting of any such undertaking, but such term
		

		
			shall not include a person whose interest was limited to a
		

		
			commission from an underwriter or dealer not in excess of the
		

		
			usual and customary distributors' or sellers' commission.
		

		
			﻿
		

		
			     (2) The term "director" shall mean any member of the board
		

		
			of directors of a corporation or any individual performing
		

		
			similar functions with respect to any organization whether
		

		
			incorporated or unincorporated.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			﻿
		

		
			﻿
		

		
			                               34
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     (3) The term "person" shall mean an individual, a
		

		
			corporation, a partnership, an association, a joint-stock
		

		
			company, a trust, an unincorporated organization or a government
		

		
			or political subdivision thereof.  As used in this paragraph, the
		

		
			term "trust" shall include only a trust where the interest or
		

		
			interests of the beneficiary or beneficiaries are evidenced by a
		

		
			security.
		

		
			﻿
		

		
			     (4) The term "voting security" shall mean any security
		

		
			presently entitling the owner or holder thereof to vote in the
		

		
			direction or management of the affairs of a person, or any
		

		
			security issued under or pursuant to any trust, agreement or
		

		
			arrangement whereby a trustee or trustees or agent or agents for
		

		
			the owner or holder of such security are presently entitled to
		

		
			vote in the direction or management of the affairs of a person.
		

		
			﻿
		

		
			     (5) The term "Company" shall mean any obligor upon the
		

		
			Securities.
		

		
			﻿
		

		
			     (6) The term "executive officer" shall mean the president,
		

		
			every vice president, every assistant vice president, every trust
		

		
			officer, the cashier, the secretary, and the treasurer of a
		

		
			corporation, and any individual customarily performing similar
		

		
			functions with respect to any organization whether incorporated
		

		
			or unincorporated, but shall not include the chairman of the
		

		
			board of directors.
		

		
			﻿
		

		
			     (e) The percentages of voting securities and other
		

		
			securities specified in this Section shall be calculated in
		

		
			accordance with the following provisions:
		

		
			﻿
		

		
			     (1) A specified percentage of the voting securities of the
		

		
			Trustee, the Company or any other person referred to in this
		

		
			Section (each of whom is referred to as a "person" in this
		

		
			paragraph) means such amount of the outstanding voting securities
		

		
			of such person as entitles the holder or holders thereof to cast
		

		
			such specified percentage of the aggregate votes which the
		

		
			holders of all the outstanding voting securities of such person
		

		
			are entitled to cast in the direction or management of the
		

		
			affairs of such person.
		

		
			﻿
		

		
			     (2) A specified percentage of a class of securities of a
		

		
			person means such percentage of the aggregate amount of
		

		
			securities of the class outstanding.
		

		
			﻿
		

		
			     (3) The term "amount", when used in regard to securities,
		

		
			means the principal amount if relating to evidences of
		

		
			indebtedness, the number of shares if relating to capital shares,
		

		
			and the number of units if relating to any other kind of
		

		
			security.
		

		

		

		 

 

		﻿
		

		
			     (4) The term "outstanding" means issued and not held by or
		

		
			for the account of the issuer. The following securities shall not
		

		
			be deemed outstanding within the meaning of this definition:
		

		
			﻿
		

		
			(i) securities of an issuer held in a sinking fund relating to
		

		
			securities of the issuer of the same class,
		

		
			﻿
		

		
			(ii) securities of an issuer held in a sinking fund relating to
		

		
			another class of securities of the issuer, if the obligation
		

		
			evidenced by such other class of securities is not in default as
		

		
			to principal or interest or otherwise,
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               35
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			(iii) securities pledged by the issuer thereof as security for an
		

		
			obligation of the issuer not in default as to principal or
		

		
			interest or otherwise,
		

		
			﻿
		

		
			(iv) securities held in escrow if placed in escrow by the issuer
		

		
			thereof.
		

		
			﻿
		

		
			Provided, however, that any voting securities of an issuer shall
		

		
			be deemed outstanding if any person other than the issuer is
		

		
			entitled to exercise the voting rights thereof.
		

		
			﻿
		

		
			     (5) A security shall be deemed to be of the same class as
		

		
			another security if both securities confer upon the holder or
		

		
			holders thereof substantially the same rights and privileges;
		

		
			provided, however, that, in the case of secured evidences of
		

		
			indebtedness, all of which are issued under a single indenture,
		

		
			differences in the interest rates or maturity dates of various
		

		
			series thereof shall not be deemed sufficient to constitute such
		

		
			series different classes; and provided, further, that, in the
		

		
			case of unsecured evidences of indebtedness, differences in the
		

		
			interest rates or maturity dates thereof shall not be deemed
		

		
			sufficient to constitute them securities of different classes,
		

		
			whether or not they are issued under a single indenture.
		

		
			﻿
		

		
			     (f) Except in the case of a default in the payment of the
		

		
			principal of (or premium, if any) or interest on any Securities
		

		
			issued under this Indenture, or in the payment of any sinking or
		

		
			analogous fund installment, the Trustee shall not be required to
		

		
			resign as provided by this Section 7.08 if such Trustee shall
		

		
			have sustained the burden of proving, on application to the
		

		
			Securities and Exchange Commission and after opportunity for
		

		
			hearing thereon, that (i) the default under the Indenture may be
		

		
			cured or waived during a reasonable period and under the
		

		
			procedures described in such application and (ii) a stay of the
		

		
			Trustee's duty to resign will not be inconsistent with the
		

		

		

		 

 

		interests of Securityholders. The filing of such an application
		

		
			shall automatically stay the performance of the duty to resign
		

		
			until the Securities and Exchange Commission orders otherwise.
		

		
			﻿
		

		
			     Any resignation of the Trustee shall become effective only
		

		
			upon the appointment of a successor trustee and such successor's
		

		
			acceptance of such an appointment.
		

		
			﻿
		

		
			     SECTION 7.09. 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 Securities and Exchange
		

		
			Commission, authorized under such laws to exercise corporate
		

		
			trust powers, having a combined capital and surplus of at least
		

		
			50 million dollars, and subject to supervision or examination by
		

		
			Federal, State, Territorial, or District of Columbia authority.
		

		
			If such corporation 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
		

		
			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.
		

		
			﻿
		

		
			﻿
		

		
			                               36
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 7.10. (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 by transmitting notice of resignation by mail, first
		

		
			class postage prepaid, to the Securityholders of such series, as
		

		
			their names and addresses appear upon the Security Register. 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 after the mailing 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, subject
		

		
			to the provisions of Section 6.08, 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 of the following shall occur--
		

		
			﻿
		

		
			          (1) the Trustee shall fail to comply with the
		

		
			provisions of subsection (a) 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
		

		
			﻿
		

		
			     (2) 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 of Securities, or
		

		
			﻿
		

		
			     (3) the Trustee shall become incapable of acting, or shall
		

		
			be adjudged a bankrupt or insolvent, or a receiver of the Trustee
		

		
			or of its property shall be appointed, or any public officer
		

		
			shall take charge or control of the Trustee or of its property or
		

		
			affairs for the purpose of rehabilitation, conservation or
		

		
			liquidation,
		

		
			﻿
		

		
			then, in any such case, 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,
		

		
			subject to the provisions of Section 6.08, unless the Trustee's
		

		
			duty to resign is stayed as provided herein, any Securityholder
		

		
			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 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 and
		

		
			appoint a successor trustee.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               37
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     (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.
		

		
			﻿
		

		
			     SECTION 7.11. (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 its charges, execute and deliver an instrument
		

		
			transferring to such successor trustee all the rights, powers,
		

		
			and trusts of the retiring Trustee and shall duly assign,
		

		
			transfer and deliver to such successor trustee all property and
		

		
			money held by such retiring Trustee hereunder.
		

		
			﻿
		

		
			     (b) In 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 (1) shall contain such provisions as shall be necessary or
		

		
			desirable to transfer and confirm to, and to vest in, each
		

		
			successor trustee all the rights, powers, trusts and duties of
		

		
			the retiring Trustee with respect to the Securities of that or
		

		
			those series to which the appointment of such successor trustee
		

		
			relates, (2) 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 (3) shall add to or change any of the
		

		
			provisions of this Indenture as shall be necessary to provide for
		

		
			or facilitate the administration of the trusts hereunder by more
		

		
			than one Trustee, it being understood that nothing herein or in
		

		
			such supplemental indenture shall constitute such Trustees co-
		

		
			trustees of the same trust, 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
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               38
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			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.
		

		
			﻿
		

		
			     (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 transmit notice of
		

		
			the succession of such trustee hereunder by mail, first class
		

		
			postage prepaid, to the Securityholders, as their names and
		

		
			addresses appear upon the Security Register. 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. 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 the corporate trust business of the
		

		
			Trustee, shall be the successor of the Trustee hereunder,
		

		
			provided 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. (a) Subject to the provisions of subsection
		

		
			(b) of this Section, if the Trustee shall be or shall become a
		

		
			creditor, directly or indirectly, secured or unsecured, of the
		

		
			Company within three months prior to a default, as defined in
		

		
			subsection (c) of this Section, or subsequent to such a default,
		

		
			then, unless and until such default shall be cured, the Trustee
		

		
			shall set apart and hold in a special account for the benefit of
		

		
			the Trustee individually, the holders of the Securities and the
		

		
			holders of other indenture securities (as defined in subsection
		

		
			(c) of this Section)
		

		
			﻿
		

		
			     (1) an amount equal to any and all reductions in the amount
		

		
			due and owing upon any claim as such creditor in respect of
		

		
			principal or interest, effected after the beginning of such three
		

		
			months' period and valid as against the Company and its other
		

		
			creditors, except any such reduction resulting from the receipt
		

		
			or disposition of any property described in paragraph (2) of this
		

		
			subsection, or from the exercise of any right of set-off which
		

		
			the Trustee could have exercised if a petition in bankruptcy had
		

		
			been filed by or against the Company upon the date of such
		

		
			default; and
		

		
			﻿
		

		
			﻿
		

		
			                               39
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     (2) all property received by the Trustee in respect of any
		

		
			claim as such creditor, either as security therefor, or in
		

		
			satisfaction or composition thereof, or otherwise, after the
		

		
			beginning of such three months' period, or an amount equal to the
		

		
			proceeds of any such property, if disposed of, subject, however,
		

		
			to the rights, if any, of the Company and its other creditors in
		

		
			such property or such proceeds.
		

		
			﻿
		

		
			     Nothing herein contained, however, shall affect the right of
		

		
			the Trustee
		

		
			﻿
		

		
			     (A) to retain for its own account (i) payments made on
		

		
			account of any such claim by any person (other than the Company)
		

		
			who is liable thereon, and (ii) the proceeds of the bona fide
		

		
			sale of any such claim by the Trustee to a third person, and
		

		
			(iii) distributions made in cash, securities, or other property
		

		
			in respect of claims filed against the Company in bankruptcy or
		

		
			receivership or in a case for reorganization pursuant to the
		

		
			Federal Bankruptcy Code or applicable State law;
		

		
			﻿
		

		
			     (B) to realize, for its own account, upon any property held
		

		
			by it as security for any such claim, if such property was so
		

		
			held prior to the beginning of such three months' period;
		

		
			﻿
		

		
			          (C) to realize, for its own account, but only to the
		

		
			extent of the claim hereinafter mentioned, upon any property held
		

		
			by it as security for any such claim, if such claim was created
		

		
			after the beginning of such three months' period and such
		

		
			property was received as security therefor simultaneously with
		

		

		

		 

 

		the creation thereof, and if the Trustee shall sustain the burden
		

		
			of proving that at the time such property was so received the
		

		
			Trustee had no reasonable cause to believe that a default, as
		

		
			defined in subsection (c) of this Section, would occur within
		

		
			three months; or
		

		
			﻿
		

		
			     (D) to receive payment on any claim referred to in paragraph
		

		
			(B) or (C), against the release of any property held as security
		

		
			for such claim as provided in such paragraph (B) or (C), as the
		

		
			case may be, to the extent of the fair value of such property.
		

		
			﻿
		

		
			     For the purposes of paragraphs (B), (C) and (D), property
		

		
			substituted after the beginning of such three months' period for
		

		
			property held as security at the time of such substitution shall,
		

		
			to the extent of the fair value of the property released, have
		

		
			the same status as the property released, and, to the extent that
		

		
			any claim referred to in any of such paragraphs is created in
		

		
			renewal of or in substitution for or for the purpose of repaying
		

		
			or refunding any pre-existing claim of the Trustee as such
		

		
			creditor, such claim shall have the same status as such pre-
		

		
			existing claim.
		

		
			﻿
		

		
			     If the Trustee shall be required to account, the funds and
		

		
			property held in such special account and the proceeds thereof
		

		
			shall be apportioned between the Trustee, the Securityholders and
		

		
			the holders of other indenture securities in such manner that the
		

		
			Trustee, the Securityholders and the holders of other indenture
		

		
			securities realize, as a result of payments from such special
		

		
			account and payments of dividends on claims filed against the
		

		
			Company in bankruptcy or receivership or in a case for
		

		
			reorganization pursuant to the Federal Bankruptcy Code or
		

		
			applicable State law, the same percentage of their respective
		

		
			claims, figured before crediting to the claim of the Trustee
		

		
			anything on account of the receipt by it from the Company of the
		

		
			funds and property in such special account and before crediting
		

		
			to the respective claims of the Trustee, the Securityholders and
		

		
			the holders of other indenture securities dividends on claims
		

		
			filed against the Company in
		

		
			﻿
		

		
			﻿
		

		
			                               40
		

		
			﻿
		

		
			bankruptcy or receivership or in a case for reorganization
		

		
			pursuant to the Federal Bankruptcy Code or applicable State law,
		

		
			but after crediting thereon receipts on account of the
		

		
			indebtedness represented by their respective claims from all
		

		
			sources other than from such dividends and from the funds and
		

		
			property so held in such special account. As used in this
		

		
			paragraph, with respect to any claim, the term "dividends" shall
		

		
			include any distribution with respect to such claim, in
		

		
			bankruptcy or receivership or in a case for reorganization
		

		
			pursuant to the Federal Bankruptcy Code or applicable State law,
		

		
			whether such distribution is made in cash, securities, or other
		

		
			property, but shall not include any such distribution with
		

		
			respect to the secured portion, if any, of such claim. The court
		

		
			in which such bankruptcy, receivership or a case for
		

		
			reorganization is pending shall have jurisdiction (i) to
		

		

		

		 

 

		apportion between the Trustee, the Securityholders and the
		

		
			holders of other indenture securities, in accordance with the
		

		
			provisions of this paragraph, the funds and property held in such
		

		
			special account and the proceeds thereof, or (ii) in lieu of such
		

		
			apportionment, in whole or in part, to give to the provisions of
		

		
			this paragraph due consideration in determining the fairness of
		

		
			the distributions to be made to the Trustee, the Securityholders
		

		
			and the holders of other indenture securities with respect to
		

		
			their respective claims, in which event it shall not be necessary
		

		
			to liquidate or to appraise the value of any securities or other
		

		
			property held in such special account or as security for any such
		

		
			claim, or to make a specific allocation of such distributions as
		

		
			between the secured and unsecured portions of such claims, or
		

		
			otherwise to apply the provisions of this paragraph as a
		

		
			mathematical formula.
		

		
			﻿
		

		
			     Any Trustee who has resigned or been removed after the
		

		
			beginning of such three months' period shall be subject to the
		

		
			provisions of this subsection (a) as though such resignation or
		

		
			removal had not occurred. If any Trustee has resigned or been
		

		
			removed prior to the beginning of such three months' period, it
		

		
			shall be subject to the provisions of this subsection (a) if and
		

		
			only if the following conditions exist:
		

		
			﻿
		

		
			     (i) the receipt of property or reduction of claim which
		

		
			would have given rise to the obligation to account, if such
		

		
			Trustee had continued as trustee, occurred after the beginning of
		

		
			such three months' period; and
		

		
			﻿
		

		
			     (ii) such receipt of property or reduction of claim occurred
		

		
			within three months after such resignation or removal.
		

		
			﻿
		

		
			     (b) There shall be excluded from the operation of subsection
		

		
			(a) of this Section a creditor relationship arising from
		

		
			﻿
		

		
			     (1) the ownership or acquisition of securities issued under
		

		
			any indenture, or any security or securities having a maturity of
		

		
			one year or more at the time of acquisition by the Trustee;
		

		
			﻿
		

		
			     (2) advances authorized by a receivership or bankruptcy
		

		
			court of competent jurisdiction, or by this Indenture, for the
		

		
			purpose of preserving any property other than cash which shall at
		

		
			any time be subject to the lien, if any, of this Indenture or of
		

		
			discharging tax liens or other prior liens or encumbrances
		

		
			thereon, if notice of such advance and of the circumstances
		

		
			surrounding the making thereof is given to the Securityholders at
		

		
			the time and in the manner provided in this Indenture;
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               41
		

		
			﻿
		

		
			     (3) disbursements made in the ordinary course of business in
		

		
			the capacity of trustee under an indenture, transfer agent,
		

		

		

		 

 

		registrar, custodian, paying agent, subscription agent, fiscal
		

		
			agent or depositary, or other similar capacity;
		

		
			﻿
		

		
			     (4) an indebtedness created as a result of services rendered
		

		
			or premises rented; or an indebtedness created as a result of
		

		
			goods or securities sold in a cash transaction as defined in
		

		
			subsection (c) of this Section;
		

		
			﻿
		

		
			     (5) the ownership of stock or of other securities of a
		

		
			Company organized under the provisions of Section 25(a) of the
		

		
			Federal Reserve Act, as amended, which is directly or indirectly
		

		
			a creditor of the Company; or
		

		
			﻿
		

		
			     (6) the acquisition, ownership, acceptance or negotiation of
		

		
			any drafts, bills of exchange, acceptances or obligations which
		

		
			fall within the classification of self-liquidating paper as
		

		
			defined in subsection (c) of this Section.
		

		
			﻿
		

		
			     (c) As used in this Section:
		

		
			﻿
		

		
			     (1) The term "default" shall mean any failure to make
		

		
			payment in full of the principal of (or premium, if any) or
		

		
			interest upon any of the Securities or upon the other indenture
		

		
			securities when and as such principal (or premium, if any) or
		

		
			interest becomes due and payable.
		

		
			﻿
		

		
			          (2)  The term "other indenture securities" shall mean
		

		
			securities upon which the Company is an obligor (as defined in
		

		
			the Trust Indenture Act of 1939, as amended) outstanding under
		

		
			any other indenture (A) under which the Trustee is also trustee,
		

		
			(B) which contains provisions substantially similar to the
		

		
			provisions of subsection (a) of this Section, and (C) under which
		

		
			a default exists at the time of the apportionment of the funds
		

		
			and property held in said special account.
		

		
			﻿
		

		
			     (3) The term "cash transaction" shall mean any transaction
		

		
			in which full payment for goods or securities sold is made within
		

		
			seven days after delivery of the goods or securities in currency
		

		
			or in checks or other orders drawn upon banks or bankers and
		

		
			payable upon demand.
		

		
			﻿
		

		
			     (4) The term "self-liquidating paper" shall mean any draft,
		

		
			bill of exchange, acceptance or obligation which is made, drawn,
		

		
			negotiated or incurred by the Company for the purpose of
		

		
			financing the purchase, processing, manufacture, shipment,
		

		
			storage or sale of goods, wares or merchandise and which is
		

		
			secured by documents evidencing title to, possession of, or a
		

		
			lien upon, the goods, wares or merchandise or the receivables or
		

		
			proceeds arising from the sale of the goods, wares or merchandise
		

		
			previously constituting the security, provided the security is
		

		
			received by the Trustee simultaneously with the creation of the
		

		
			creditor relationship with the Company arising from the making,
		

		
			drawing, negotiating or incurring of the draft, bill of exchange,
		

		
			acceptance or obligation.
		

		
			﻿
		

		
			     (5) The term "Company" shall mean any obligor upon any of
		

		
			the Securities.
		

		

		

		 

 

		﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               42
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE EIGHT
		

		
			                  Concerning the Securityholders
		

		
			﻿
		

		
			     SECTION 8.01. 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 Officers' 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 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. 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 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.
		

		
			﻿
		

		
			     (c) The Trustee may require such additional proof of any
		

		
			matter referred to in this Section as it shall deem necessary.
		

		
			﻿
		

		
			     SECTION 8.03. 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 Company 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.
		

		
			﻿
		

		
			﻿
		

		
			                               43
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 8.04. 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, Securities of that series which 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 which the Trustee actually knows are so owned shall be so
		

		
			disregarded. Securities so owned which 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. 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 which 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.
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE NINE
		

		
			                     Supplemental Indentures
		

		
			﻿
		

		
			     SECTION 9.01. In addition to any supplemental indenture
		

		
			otherwise authorized by this Indenture, 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 of 1939 as then in effect), without the
		

		
			consent of the Securityholders, for one or more of the following
		

		
			purposes:
		

		
			﻿
		

		
			     (a) to evidence the succession of another corporation to the
		

		
			Company, and the assumption by any such successor of the
		

		
			covenants of the Company contained herein or otherwise
		

		
			established with respect to the Securities; or
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                
		

		
			                               44
		

		
			﻿
		

		
			﻿
		

		
			     (b) to add to the covenants of the Company such further
		

		
			covenants, restrictions, conditions or provisions for the
		

		
			protection of the holders of the Securities of all or any series
		

		
			as the Board of Directors and the Trustee shall consider to be
		

		
			for the protection of the holders of Securities of all or any
		

		
			series, and to make the occurrence, or the occurrence and
		

		
			continuance, of a default in any of such additional covenants,
		

		
			restrictions, conditions or provisions a default or an Event of
		

		
			Default with respect to such series permitting the enforcement of
		

		
			all or any of the several remedies provided in this Indenture as
		

		
			herein set forth; provided, however, that in respect of any such
		

		
			additional covenant, restriction, condition or provision 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 default or may limit the remedies
		

		
			available to the Trustee upon such 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 default; or
		

		
			﻿
		

		
			     (c) to cure any ambiguity or to correct or supplement any
		

		
			provision contained herein or in any supplemental indenture which
		

		
			may be defective or inconsistent with any other provision
		

		
			contained herein or in any supplemental indenture, or to make
		

		
			such other provisions in regard to matters or questions arising
		

		
			under this Indenture as shall not be inconsistent with the
		

		
			provisions of this Indenture and shall not adversely affect the
		

		
			interests of the holders of the Securities of any series; or
		

		
			﻿
		

		
			     (d) to change or eliminate any of the provisions of this
		

		
			Indenture, provided that any such change or elimination shall
		

		
			become effective only when there is no Security outstanding of
		

		
			any series created prior to the execution of such supplemental
		

		
			indenture which is entitled to the benefit of such provision.
		

		
			﻿
		

		
			     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 which may be
		

		
			therein contained, but the Trustee shall not be obligated to
		

		
			enter into any such supplemental indenture which affects the
		

		
			Trustee's own rights, duties or immunities under this Indenture
		

		
			or otherwise.
		

		
			﻿
		

		
			     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. 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 of 1939 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 the rights of the holders of the Securities of such
		

		
			series under this Indenture; provided, however, that no such
		

		
			supplemental indenture shall (i) extend the fixed maturity of any
		

		
			Securities of any series, or reduce the principal amount thereof,
		

		
			or reduce the rate or
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                
		

		
			                               45
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			extend the time of payment of interest thereon, or reduce any
		

		
			premium payable upon the redemption thereof, without the consent
		

		
			of the holder of each Security so affected, or (ii) reduce the
		

		
			aforesaid percentage of Securities, the holders of which are
		

		
			required to consent to any such supplemental indenture, without
		

		
			the consent of the holders of each Security then outstanding and
		

		
			affected thereby.
		

		
			﻿
		

		
			     Upon the request of the Company, accompanied by a Board
		

		
			Resolution 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.
		

		
			﻿
		

		
			     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.
		

		
			﻿
		

		
			     Promptly after the execution by the Company and the Trustee
		

		
			of any supplemental indenture pursuant to the provisions of this
		

		
			Section, the Trustee shall transmit by mail, first class postage
		

		
			prepaid, 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 Trustee to mail such
		

		
			notice, or any defect therein, shall not, however, in any way
		

		
			impair or affect the validity of any such supplemental indenture.
		

		
			﻿
		

		
			     SECTION 9.03. 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 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 the requirements of any 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. The Trustee, subject to the provisions of
		

		
			Section 7.01, may receive an Opinion of Counsel as conclusive
		

		
			evidence that any supplemental indenture executed pursuant to
		

		
			this Article is authorized or permitted by, and conforms to, the
		

		
			terms of this Article and that it is proper for the Trustee under
		

		
			the provisions of this Article to join in the execution thereof.
		

		
			﻿
		

		
			                               46
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                           ARTICLE TEN
		

		
			                  Consolidation, Merger and Sale
		

		
			﻿
		

		
			     SECTION 10.01. Nothing contained in this Indenture or in any
		

		
			of the Securities shall prevent any consolidation or merger of
		

		
			the Company with or into any other corporation or corporations
		

		
			(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 corporation (whether
		

		
			or not affiliated with the Company or its successor or
		

		
			successors) authorized to acquire and operate the same; provided,
		

		
			however, the Company hereby covenants and agrees that, upon any
		

		
			such consolidation, merger, sale, conveyance, transfer or other
		

		
			disposition, the due and punctual payment of the 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 of
		

		
			1939 as then in effect) satisfactory in form to the Trustee
		

		
			executed and delivered to the Trustee by the Company formed by
		

		
			such consolidation, or into which the Company shall have been
		

		
			merged, or by the corporation which shall have acquired such
		

		
			property.
		

		
			﻿
		

		
			     SECTION 10.02. (a) In case of any such consolidation,
		

		
			merger, sale, conveyance, transfer or other disposition and upon
		

		
			the assumption by the successor corporation, by supplemental
		

		
			indenture, executed and delivered to the Trustee and satisfactory
		

		
			in form to the Trustee, of the due and punctual payment of the
		

		
			principal of, premium, if any, and interest on all of the
		

		
			Securities of all series outstanding and the due and punctual
		

		
			performance of all of the covenants and conditions of this
		

		
			Indenture or established with respect to each series of the
		

		

		

		 

 

		Securities pursuant to Section 2.01 to be performed by the
		

		
			Company with respect to each series, such successor corporation
		

		
			shall succeed to and be substituted for the Company, with the
		

		
			same effect as if it had been named herein as the party of the
		

		
			first part, and thereupon the predecessor corporation shall be
		

		
			relieved of all obligations and covenants under this Indenture
		

		
			and the Securities. Such successor corporation thereupon may
		

		
			cause to be signed, and may issue either in its own name or in
		

		
			the name of the Company or any other predecessor obligor on the
		

		
			Securities, any or all of the Securities issuable hereunder which
		

		
			theretofore shall not have been signed by the Company and
		

		
			delivered to the Trustee; and, upon the order of such successor
		

		
			company, instead of the Company, and subject to all the terms,
		

		
			conditions and limitations in this Indenture prescribed, the
		

		
			Trustee shall authenticate and shall deliver any Securities which
		

		
			previously shall have been signed and delivered by the officers
		

		
			of the predecessor Company to the Trustee for authentication, and
		

		
			any Securities which such successor corporation thereafter shall
		

		
			cause to be signed and delivered to the Trustee for that purpose.
		

		
			All the Securities so issued shall in all respects have the same
		

		
			legal rank and benefit under this Indenture as the Securities
		

		
			theretofore or thereafter issued in accordance with the terms of
		

		
			this Indenture as though all of such Securities had been issued
		

		
			at the date of the execution hereof.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               47
		

		
			﻿
		

		
			﻿
		

		
			     (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 Indenture or in any of the
		

		
			Securities shall prevent the Company from merging into itself or
		

		
			acquiring by purchase or otherwise all or any part of the
		

		
			property of any other corporation (whether or not affiliated with
		

		
			the Company).
		

		
			﻿
		

		
			     SECTION 10.03. The Trustee, subject to the provisions of
		

		
			Section 7.01, may receive an Opinion of Counsel as conclusive
		

		
			evidence that any such consolidation, merger, sale, conveyance,
		

		
			transfer or other disposition, and any such assumption, comply
		

		
			with the provisions of this Article.
		

		
			﻿
		

		
			                                
		

		
			                         ARTICLE ELEVEN
		

		
			             Satisfaction and Discharge of Indenture;
		

		
			                        Unclaimed Moneys
		

		
			﻿
		

		
			     SECTION 11.01. If at any time: (a) the Company shall have
		

		
			delivered to the Trustee for cancellation all Securities of a
		

		
			series theretofore authenticated (other than any Securities which
		

		

		

		 

 

		shall have been destroyed, lost or stolen and which shall have
		

		
			been replaced or paid as provided in Section 2.07) and Securities
		

		
			for whose payment money or Governmental Obligations has
		

		
			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); (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 sufficient; or (c) a
		

		
			combination thereof, sufficient, without reinvestment, in the
		

		
			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
		

		
			2.05, 2.07, 4.02 and 7.10, which shall survive until the date of
		

		
			maturity or redemption date, as the case may be, and Sections
		

		
			7.06 and 11.05 which 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.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               48
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 11.02. If at any time all such Securities of a
		

		
			particular series not heretofore delivered to the Trustee for
		

		
			cancellation or which 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 2.05, 2.07, 4.02, 7.06,
		

		
			7.10 and 11.05 hereof which shall survive until such Securities
		

		
			shall mature and be paid. Thereafter, Sections 7.06 and 11.05
		

		
			shall survive.
		

		
			﻿
		

		
			     SECTION 11.03. 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. 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.
		

		
			﻿
		

		
			     SECTION 11.05. 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 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, shall be repaid to the
		

		
			Company on May 31 of each year 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 an unsecured general
		

		
			creditor, look only to the Company for the payment thereof.
		

		
			﻿
		

		
			﻿
		

		
			                         ARTICLE TWELVE
		

		
			        Immunity of Incorporators, Stockholders, Officers
		

		
			                          and Directors
		

		
			﻿
		

		
			     SECTION 12.01. 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,
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			﻿
		

		
			                               49
		

		
			﻿
		

		
			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.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                        ARTICLE THIRTEEN
		

		
			                        Sundry Provisions
		

		
			﻿
		

		
			     SECTION 13.01. All the covenants, stipulations, promises and
		

		
			agreements in this Indenture contained by or on behalf of the
		

		
			Company shall bind its successors and assigns, whether so
		

		
			expressed or not.
		

		
			﻿
		

		
			     SECTION 13.02. 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 sole successor of the Company.
		

		
			﻿
		

		
			     SECTION 13.03. The Company by instrument in writing executed
		

		
			by authority of two-thirds 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. Except as otherwise expressly provided herein
		

		
			any notice or demand which by any provision of this Indenture is
		

		
			required or permitted to be given or served by the Trustee or by
		

		
			the holders of Securities to or on the Company may be given or
		

		
			served by being deposited first class postage prepaid in a post-
		

		
			office letterbox addressed (until another address is filed in
		

		
			writing by the Company with the Trustee), as follows: GTE
		

		
			California Incorporated, One GTE Place, Thousand Oaks, California
		

		

		

		 

 

		91362-3811, Attention: Secretary.  Any notice, election, request
		

		
			or demand by the Company or any Securityholder 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, Attention: Corporate Trust
		

		
			Administration 7170.
		

		
			﻿
		

		
			     SECTION 13.05. This Indenture and each Security shall be
		

		
			deemed to be a contract made under the laws of the State of New
		

		
			York, and for all purposes shall be construed in accordance with
		

		
			the laws of said State.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               50
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 13.06. (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 Officers' Certificate stating that all conditions
		

		
			precedent 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
		

		
			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 provided pursuant to Section 5.03(d) of this
		

		
			Indenture) shall include (1) a statement that the person making
		

		
			such certificate or opinion has read such covenant or condition;
		

		
			(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 such person, he has made such
		

		
			examination or investigation as is necessary to enable him to
		

		
			express an informed opinion as to whether or not such covenant or
		

		
			condition has been complied with; and (4) a statement as to
		

		
			whether or not, in the opinion of such person, such condition or
		

		
			covenant has been complied with.
		

		
			﻿
		

		
			     SECTION 13.07. 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.
		

		
			﻿
		

		
			     SECTION 13.08. If and to the extent that any provision of
		

		

		

		 

 

		this Indenture limits, qualifies or conflicts with the duties
		

		
			imposed by Sections 310 to 317, inclusive, of the Trust Indenture
		

		
			Act of 1939, as amended, such imposed duties shall control.
		

		
			﻿
		

		
			     SECTION 13.09. 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.
		

		
			﻿
		

		
			     SECTION 13.10. 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.
		

		
			﻿
		

		
			     BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION
		

		
			hereby accepts the trusts in this Indenture declared and
		

		
			provided, upon the terms and conditions hereinabove set forth.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               51
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     IN WITNESS WHEREOF, the parties hereto have caused this
		

		
			Indenture to be duly executed, and their respective corporate
		

		
			seals to be hereunto affixed and attested, all as of the day and
		

		
			year first above written.
		

		
			﻿
		

		
			﻿
		

		
			                              GTE CALIFORNIA INCORPORATED
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              By ___________________________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			Attest:
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			By _____________________________
		

		

		

		 

 

		   Secretary
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              BANK OF AMERICA NATIONAL TRUST
		

		
			                              AND SAVINGS ASSOCIATION
		

		
			                                     as Trustee
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              By ___________________________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               52
		

		
			﻿
		

		
			﻿
		

		
			STATE OF CALIFORNIA  )
		

		
			                    ss.:
		

		
			COUNTY OF _________  )
		

		
			﻿
		

		
			﻿
		

		
			     On December __, 1993 before me, ____________, Notary Public,
		

		
			personally appeared ___________________ and ___________________
		

		
			﻿
		

		
			/X/  personally known to me - OR -
		

		
			﻿
		

		
			/ /  proved to me on the basis of satisfactory evidence to be the
		

		
			person(s) whose name(s) is/are subscribed to the within
		

		
			instrument and acknowledged to me that he/she/they executed the
		

		
			same in his/her/their authorized capacity(ies), and that by
		

		
			his/her/their signature(s) on the instrument the person(s), or
		

		
			the enity upon behalf of which the person(s) acted, executed the
		

		

		

		 

 

		instrument.
		

		
			﻿
		

		
			     Witness my hand and official seal.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			_____________________________
		

		
			     Signature of Notary
		

		
			﻿
		

		
			CAPACITY CLAIMED BY SIGNER
		

		
			﻿
		

		
			/  / INDIVIDUAL(S) _____________________
		

		
			﻿
		

		
			/X/  CORPORATE OFFICER(S)____________________
		

		
			﻿
		

		
			/  / PARTNER(S)
		

		
			﻿
		

		
			/  / ATTORNEY-IN-FACT
		

		
			﻿
		

		
			/  / TRUSTEE(S)
		

		
			﻿
		

		
			/  / GUARDIAN/CONSERVATOR
		

		
			﻿
		

		
			/  / OTHER:
		

		
			﻿
		

		
			﻿
		

		
			SIGNER IS REPRESENTING:
		

		
			NAME OF PERSON(S) OR ENTITY(IES)
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			GTE CALIFORNIA INCORPORATED
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              -53-
		

		
			﻿
		

		
			﻿
		

		
			STATE OF CALIFORNIA  )
		

		
			                    ss.:
		

		
			COUNTY OF _________  )
		

		
			﻿
		

		
			﻿
		

		
			     On December __, 1993 before me, ____________, Notary Public,
		

		
			personally appeared ___________________ .
		

		
			﻿
		

		

		

		 

 

		/X/  personally known to me - OR -
		

		
			﻿
		

		
			/ /  proved to me on the basis of satisfactory evidence to be the
		

		
			person(s) whose name(s) is/are subscribed to the within
		

		
			instrument and acknowledged to me that he/she/they executed the
		

		
			same in his/her/their authorized capacity(ies), and that by
		

		
			his/her/their signature(s) on the instrument the person(s), or
		

		
			the enity upon behalf of which the person(s) acted, executed the
		

		
			instrument.
		

		
			﻿
		

		
			     Witness my hand and official seal.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			_____________________________
		

		
			     Signature of Notary
		

		
			﻿
		

		
			CAPACITY CLAIMED BY SIGNER
		

		
			﻿
		

		
			/ /  INDIVIDUAL(S) _____________________
		

		
			﻿
		

		
			/X/  CORPORATE OFFICER(S)     TRUST OFFICER
		

		
			﻿
		

		
			/ /  PARTNER(S)
		

		
			﻿
		

		
			/ /  ATTORNEY-IN-FACT
		

		
			﻿
		

		
			/X/  TRUSTEE(S)
		

		
			﻿
		

		
			/ /  GUARDIAN/CONSERVATOR
		

		
			﻿
		

		
			/ /  OTHER:
		

		
			﻿
		

		
			﻿
		

		
			SIGNER IS REPRESENTING:
		

		
			NAME OF PERSON(S) OR ENTITY(IES)
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			BANK OF AMERICA NATIONAL TRUST AND
		

		
			SAVINGS ASSOCIATION
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              -54-
		

		
			CA:IND:117
		

		
			﻿Exhibit 43 First Supplement Indenture GTE CA

		
			Exhibit 4.3
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     FIRST SUPPLEMENTAL INDENTURE, dated as of the 15th day of
		

		
			April, 1996 (herein called the "First Supplemental Indenture"),
		

		
			between GTE CALIFORNIA INCORPORATED, a corporation duly organized
		

		
			and existing under the laws of the State of California
		

		
			(hereinafter referred to as the "Company"), and First Trust of
		

		
			California, National Association, a banking association organized
		

		
			and existing under the laws of the United States (hereinafter
		

		
			referred to as the "Trustee") as successor trustee to Bank of
		

		
			America National Trust and Savings Association under the
		

		
			Indenture dated as of December 1, 1993, between the Company and
		

		
			the Trustee (hereinafter referred to as the "Original
		

		
			Indenture").  Capitalized terms used in this First Supplemental
		

		
			Indenture and not otherwise defined herein shall have the
		

		
			meanings set forth in the Original Indenture.
		

		
			﻿
		

		
			     WHEREAS, in accordance with Section 9.01(c) of the Original
		

		
			Indenture, the Company and the Trustee may enter into
		

		
			supplemental indentures to the Original Indenture without the
		

		
			consent of the Securityholders to cure any ambiguity or to
		

		
			correct or supplement any provision which may be defective or
		

		
			inconsistent with the Original Indenture or any supplemental
		

		
			indenture, or to make such other provisions in regard to matters
		

		
			or questions arising under the Original Indenture as shall not be
		

		
			inconsistent with the provisions of the Original Indenture and
		

		
			not adversely affect the interests of the holders of the
		

		
			Securities of any series; and
		

		
			﻿
		

		
			     WHEREAS, the Company desires to amend the Original Indenture
		

		
			in accordance with Section 9.01(c) and has determined that the
		

		
			requirements of Section 9.01(c) have been satisfied and has
		

		
			requested the Trustee to join with it in the execution and
		

		
			delivery of this First Supplemental Indenture; all requirements
		

		
			necessary to make this First Supplemental Indenture a valid
		

		
			instrument, in accordance with its terms, have been met; and the
		

		
			execution and delivery hereof have been in all respects duly
		

		
			authorized;
		

		
			﻿
		

		
			     NOW, THEREFORE, for good and valuable consideration the
		

		
			sufficiency of which is hereby recognized, the Company covenants
		

		
			and agrees with the Trustee as follows:
		

		
			﻿
		

		
			                           ARTICLE ONE
		

		
			                                
		

		
			              AMENDMENTS TO TERMS OF THE INDENTURE
		

		
			﻿
		

		
			     Section 1.01  Certain Definitions.  The Company and Trustee
		

		
			hereby amend Section 1.01 of the Original Indenture pursuant to
		

		
			Section 9.01(c) of the Original Indenture to add the following
		

		
			definitions in alphabetical order:
		

		
			﻿
		

		

		

		 

 

		"Depository:
		

		
			﻿
		

		
			     The term "Depository" shall mean, 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, New York, New York, another clearing agency, or
		

		
			any successor registered as a clearing agency under the
		

		
			Securities and Exchange Act of 1934, as amended, 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."
		

		
			﻿
		

		
			                               and
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			"Global Security:
		

		
			﻿
		

		
			     The term "Global Security" shall mean, with respect to any
		

		
			series of Securities, a Security executed by the Company and
		

		
			authenticated and delivered by the Trustee to the Depository or
		

		
			pursuant to the Depository's written instruction (if acceptable
		

		
			to the Trustee) held by the Trustee as custodian for the
		

		
			Depository, all in accordance with this Indenture, which shall be
		

		
			registered in the name of the Depository or its nominee."
		

		
			﻿
		

		
			     Section 1.02  Terms of the Securities.  The Company and
		

		
			Trustee hereby amend Section 2.01 of the Original Indenture
		

		
			pursuant to Section 9.01(c) of the Original Indenture to add a
		

		
			new paragraph (9) to read as follows:
		

		
			﻿
		

		
			     "(9)  whether the Securities of the series are issuable as a
		

		
			Global Security and, in such case, the identity of the Depository
		

		
			for such series; and"
		

		
			﻿
		

		
			and to renumber the existing paragraph (9) as paragraph (10).
		

		
			﻿
		

		
			     Section 1.03  Regular Record Date.  The Company and Trustee
		

		
			hereby amend the next to last paragraph of Section 2.03 of the
		

		
			Original Indenture in its entirety pursuant to Section 9.01(c) of
		

		
			the Original Indenture, to read as follows:
		

		
			﻿
		

		
			     "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 with respect to 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."
		

		
			﻿
		

		
			     Section 1.04  Exchange of Securities.  The Company and
		

		

		

		 

 

		Trustee hereby amend Section 2.05 of the Original Indenture
		

		
			pursuant to Section 9.01(c) of the Original Indenture to insert a
		

		
			new paragraph at the end of Section 2.05 which reads as follows:
		

		
			﻿
		

		
			     "The provisions of this Section 2.05 are, with respect to
		

		
			any Global Security, subject to Section 2.11 hereof."
		

		
			﻿
		

		
			     Section 1.05  Global Securities.  The Company and Trustee
		

		
			hereby amend Article II of the Original Indenture pursuant to
		

		
			Section 9.01(c) of the Original Indenture to insert a new Section
		

		
			2.11 at the end of Article II which reads as follows:
		

		
			﻿
		

		
			     "Section 2.11  (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 which (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)
		

		
			﻿
		

		
			                               -2-
		

		
			﻿
		

		
			shall be registered in the name of the Depository or its nominee,
		

		
			(iii) shall be delivered by the Trustee to the Depository or
		

		
			pursuant to the Depository's written instruction or (if
		

		
			acceptable to the Trustee) held by the Trustee as custodian for
		

		
			the Depository, 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 Depository or to a
		

		
			successor Depository or to a nominee of such successor
		

		
			Depository'.
		

		
			﻿
		

		
			     (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 Depository for such series, or to a
		

		
			successor Depository for such series selected or approved by the
		

		
			Company or to a nominee of such successor Depository.
		

		
			﻿
		

		
			     (c)  If at any time the Depository for a series of
		

		
			Securities notifies the Company that it is unwilling or unable to
		

		
			continue as Depository for such series or if at any time the
		

		
			Depository for such series shall no longer be registered or in
		

		
			good standing under the Securities Exchange Act of 1934, as
		

		
			amended, or other applicable statute or regulation and a
		

		
			successor Depository 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, this Section
		

		
			2.11 shall no longer be applicable to the Securities of such
		

		
			series and the Company will execute, and subject to Section 2.05,
		

		
			the Trustee will authenticate and deliver, 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 Securities.  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 2.05, the Trustee, upon receipt of
		

		
			an Officers' Certificate evidencing such determination by the
		

		
			Company, will authenticate and deliver 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 cancelled 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 Depository,
		

		
			pursuant to instructions from its direct or indirect participants
		

		
			or otherwise, shall instruct the Trustee.  The Trustee shall
		

		
			deliver such Securities to the Depository for delivery to the
		

		
			persons in whose names such Securities are so registered."
		

		
			﻿
		

		
			                           ARTICLE TWO
		

		
			                                
		

		
			                          MISCELLANEOUS
		

		
			﻿
		

		
			     Section 2.01  Effectiveness of Provisions.  The provisions
		

		
			of this First Supplemental Indenture shall be effective only with
		

		
			respect to series of Securities issued after the date hereof.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               -3-
		

		
			﻿
		

		
			     Section 2.02  Execution of Supplemental Indenture.  This
		

		
			First Supplemental Indenture is executed and shall be construed
		

		
			as an indenture supplemental to the Original Indenture and, as
		

		
			provided in the Original
		

		
			Indenture, this First Supplemental Indenture forms a part
		

		
			thereof.
		

		
			﻿
		

		
			     Section 2.03  Conflict with Trust Indenture Act.  If and to
		

		
			the extent that any provision hereof limits, qualifies or
		

		
			conflicts with the duties imposed by Sections 310 to 317,
		

		
			inclusive, of the Trust Indenture Act of 1939, as amended, such
		

		
			imposed duties shall control.
		

		
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			     Section 2.04  Successors and Assigns.  All covenants and
		

		
			agreements in this First Supplemental Indenture by the Company
		

		
			shall bind its successors and assigns, whether so expressed or
		

		
			not.
		

		
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			     Section 2.05  Separability Clause.  In case any one or more
		

		
			of the provisions contained in this First Supplemental Indenture,
		

		
			the Original 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 First Supplemental
		

		
			Indenture, the Original Indenture or of such Securities, but this
		

		
			First Supplemental Indenture, the Original Indenture and such
		

		
			Securities shall be construed as if such invalid or illegal or
		

		
			unenforceable provision had never been contained herein or
		

		
			therein.
		

		
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			     Section 2.06  Benefits of First Supplemental Indenture.
		

		
			Nothing in this First Supplemental Indenture or in the Original
		

		
			Indenture, express or implied, shall give to any person, other
		

		
			than the parties hereto and their successors hereunder and the
		

		
			Securityholders (to the extent specified herein or therein), any
		

		
			benefit or any legal or equitable right, remedy or claim under
		

		
			this First Supplemental Indenture.
		

		
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			     Section 2.07  Governing Law.  This First Supplemental
		

		
			Indenture shall be deemed to be a contract made under the laws of
		

		
			the State of New York, and for all purposes shall be construed in
		

		
			accordance with the laws of said State.
		

		
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			     Section 2.08  Execution and Counterparts.  This First
		

		
			Supplemental 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.
		

		
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			                               -4-
		

		
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			     IN WITNESS WHEREOF, the parties hereto have caused this
		

		
			Indenture to be duly executed, and their respective corporate
		

		
			seals to be hereunto affixed and attested, all as of the day and
		

		
			year first above written.
		

		
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			                              GTE CALIFORNIA INCORPORATED
		

		
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			                              By _____________________________
		

		
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			Attest:
		

		
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			By _____________________________
		

		
			   Secretary
		

		
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			                              FIRST TRUST OF CALIFORNIA,
		

		
			                                NATIONAL ASSOCIATION, as TRUSTEE
		

		
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			                              By _____________________________
		

		
			                                Title:
		

		
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			Attest:
		

		
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			By _____________________________
		

		
			  Title:
		

		
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			                               -5-
		

		
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]