Document:

Exhibit 10.17

 

TRAVELERS RESTRICTED STOCK UNIT AWARD NOTIFICATION AND AGREEMENT

 

(This grant must be
accepted by             .
on                ,
or it will be forfeited. Refer below to Section 11.)

 

	
  Participant:

  	
   

  	
  Grant Date: 

  
	
  Number of Award Shares:

  	
   

  	
  Vesting Date: 

  

 

1. Grant of Restricted Stock Units. This restricted stock unit award (“Award”)
is made pursuant to The Travelers 2004 Stock Incentive Plan (the “Plan”), by
The Travelers Companies, Inc. (the “Company”) to you (the “Participant”),
an employee of the Company or a subsidiary of the Company. The Company hereby
grants to the Participant as of the Grant Date a right to receive the number of
Company Common Stock, (“Award Shares”) upon the Vesting Date as set forth
above, subject to terms, conditions, and restrictions set forth herein.

 

2. Terms and Conditions. The terms, conditions, and restrictions
applicable to the Award are specified in this award notification and agreement,
the Plan and the prospectus dated February 5, 2008 (titled “Travelers Equity
Awards”), and any applicable prospectus supplement (together, the “Prospectus”).
The terms, conditions and restrictions in the Prospectus include, but are not
limited to, provisions relating to amendment, vesting, and cancellation, all of
which are hereby incorporated by reference into this award notification and
agreement. The terms, conditions and restrictions in this award notification
and agreement, the Prospectus, and the Plan constitute the Award agreement
between the Participant and the Company (“Agreement”). By accepting the Award,
the Participant acknowledges receipt of the Prospectus and that he or she has
read and understands the Prospectus.

 

The
Participant understands that the Award and all other incentive awards are
entirely discretionary and that no right to receive an award exists absent a
prior written agreement with the Company to the contrary. The Participant also
understands that the value that may be realized, if any, from the Award is
contingent, and depends on the future market price of the Common Stock, among
other factors. The Participant further confirms his or her understanding that
the Award is intended to promote employee retention and stock ownership and to
align employees’ interests with those of shareholders, is subject to vesting
conditions and will be cancelled if vesting conditions are not satisfied. Thus,
Participant understands that (a) any monetary value assigned to the Award
in any communication regarding the Award is contingent, hypothetical, or for
illustrative purposes only, and does not express or imply any promise or intent
by the Company to deliver, directly or indirectly, any certain or determinable
cash value to the Participant; (b) receipt of the Award or any incentive
award in the past is neither an indication nor a guarantee that an incentive
award of any type or amount will be made in the future, and that absent a
written agreement to the contrary, the Company is free to change its practices
and policies regarding incentive awards at any time; and (c) vesting may
be subject to confirmation and final determination by the Company’s Board of
Directors or a committee of the Board that conditions to vesting have been
satisfied.

 

3. Vesting and Payment. The right to receive the Award Shares
granted in this Award shall vest in full on the Vesting Date set forth above,
provided the Participant remains continuously employed by the Company or one of
its subsidiaries, has not received notice of termination of his or her
employment and any other terms and conditions set forth in the Agreement or
Plan are satisfied. If the Participant’s employment with the Company and its
subsidiaries terminates, the Participant’s right to receive the Award Shares
will be determined in accordance with Section 6.

 

Shares
of Common Stock, which will be issued by the Company, will be issued and
delivered to the Participant as soon as practicable after the Vesting Date,
with the number of shares of Common Stock being equal to the number of vested
Award Shares.

 

4. Transfer Restrictions. The Participant may not sell, assign,
transfer, pledge, encumber or otherwise alienate, hypothecate or dispose of
this Award or his or her right hereunder to receive any Award Shares.

 

 

5. Consent to Electronic Delivery. In lieu of receiving documents in paper format,
the Participant agrees, to the fullest extent permitted by law, to accept
electronic delivery of any documents that the Company may desire or be required
to deliver (including, but not limited to, prospectuses, prospectus
supplements, grant or award notifications and agreements, account statements,
annual and quarterly reports, and all other forms or communications) in
connection with this and any other prior or future incentive award or program
made or offered by the Company or its predecessors or successors. Electronic
delivery of a document to the Participant may be via a Company e-mail system or
by reference to a location on a Company intranet or internet site to which
Participant has access.

 

6. Termination of, and Breaks in, Employment. The terms and conditions set forth on Exhibit A
hereto shall apply with respect to terminations of, and breaks in, employment.

 

7. Administration. In administering the Plan, or to comply with applicable legal,
regulatory, tax, or accounting requirements, it may be necessary for the
Company or the subsidiary employing the Participant to transfer certain
Participant data to the Company, its subsidiaries, outside service providers,
or governmental agencies. By accepting this Award, the Participant consents, to
the fullest extent permitted by law, to the use and transfer, electronically or
otherwise, of his or her personal data to such entities for such purposes.

 

8. Entire Agreement; No Right to Employment. The Agreement constitutes the entire
understanding between the parties hereto regarding the Award and supersedes all
previous written, oral, or implied understandings between the parties hereto
about the subject matter hereof. Nothing contained herein, in the Plan, or in
the Prospectus shall confer upon the Participant any rights to continued
employment or employment in any particular position, at any specific rate of
compensation, or for any particular period of time.

 

9. Dispute and Claims Resolution; Conflict. Any disputes, claims and counterclaims under
this Agreement shall be resolved in accordance with any internal dispute
resolution policy of the Company in effect from time to time, including any
arbitration provisions thereof.  In the
event of a conflict between the Plan and this grant notification and agreement,
or the terms, conditions, and restrictions of the Award as specified in the
Prospectus, the Plan shall control.

 

10. Non-Solicitation and Non-Disclosure Agreement. The Participant agrees to be bound by the
terms of the Non-Solicitation and Non-Disclosure Agreement attached hereto as Exhibit B,
which provides for the consequences set forth therein in the event the
Participant breaches the non-solicitation and non-disclosure covenants
contained therein, as more fully described in Exhibit B.

 

11. Acceptance and Agreement by Participant; Forfeiture upon
Failure to Accept. By
clicking the button below, Participant accepts the Award and agrees to be bound
by the terms, conditions, and restrictions set forth in the Prospectus, the
Plan, this notification and agreement, the Non-Solicitation and Non-Disclosure
Agreement, and the Company’s policies, as in effect from time to time, relating
to the Plan. The Participant’s rights under the Award will lapse at 12:00 a.m.
on June 3, 2008 and the Award will be forfeited on such date if the
Participant does not accept the Award by clicking the button below on or before
11:59 p.m. on June 2, 2008.

 

 

EXHIBIT A

 

To
Travelers Restricted Stock Unit Award Notification and Agreement

 

When you leave the
Company

 

References
to “you” or “your” are to the Participant. 
“Termination date” refers to the date of termination of your employment
as reflected on the books and records of the Company.

 

If
you terminate your employment or if there’s a break in your employment, your
Awards may be cancelled before the end of the vesting term and the vesting of
your Awards may be affected.

 

The
provisions in the chart below apply to Awards granted under the Plan. Special rules apply
for vesting in cases of termination if you satisfy certain age and years of
service requirements (“Retirement Rule”) set forth below.

 

	
  If you:

  	
   

  	
  Here’s what happens to Your Restricted Stock Units:

  
	
  Resign, or retire (and do not meet the Retirement Rule)

  	
   

  	
  Vesting
  stops and all outstanding unvested restricted stock unit Awards are cancelled
  effective on the termination date.

  
	
  Become disabled (as defined under the Company’s applicable
  long-term disability plan)

  	
   

  	
  During
  the first 9 months of approved long-term disability leave and until your
  employment is terminated following such leave, outstanding restricted stock
  unit Awards will continue to vest on schedule. Your approved long-term
  disability leave does not commence until you have completed your approved
  short-term disability leave (generally 13 weeks). Upon termination of your
  employment after your disability leave period ends (which occurs 9 months
  after your transition to long-term disability or your transition to unpaid
  leave if you do not have long-term disability coverage under the long-term
  disability component of the Travelers disability program), all outstanding
  restricted stock unit Awards will vest immediately.

   

  Shares
  will be distributed to you as soon as practical after your termination of
  employment. However, if you are considered a “specified employee” under the
  tax laws (which generally includes the top 50 officers ranked by included
  compensation), your restricted stock unit Awards will vest at your
  termination of employment, but shares of Common Stock will not be issued and
  distributed to you until six months following your termination of employment
  or, if earlier, on the originally scheduled vesting date for the restricted
  stock unit Awards.

  
	
  Take an approved personal leave of absence

  	
   

  	
  The
  vesting of outstanding restricted stock unit Awards will continue during the
  first three months of an approved personal leave of absence. Once the
  approved leave of absence exceeds three months, vesting is suspended until
  you return to work and remain actively employed for 30 calendar days, after
  which time vesting will be restored retroactively. If you terminate
  employment during the leave for any reason, the termination of employment
  provisions will apply. If leave exceeds one year, all restricted stock unit
  Awards will be cancelled.

  
	
  Are on an approved family leave, medical leave, dependent
  care leave, military leave, or other statutory leave of absence

  	
   

  	
  Outstanding
  unvested restricted stock unit Awards will continue to vest while you are on
  an approved leave.

  

 

 

	
  Die while you are employed or following employment while
  your Award is outstanding

  	
   

  	
  Outstanding
  unvested restricted stock unit Awards will vest immediately and the shares
  will be issued and distributed to your estate as soon as practical
  thereafter.

  
	
  Are terminated involuntarily for gross misconduct or for
  cause

  	
   

  	
  Vesting
  stops and all outstanding unvested restricted stock unit Awards are cancelled
  on the termination date.

  
	
  Are terminated involuntarily other than for gross
  misconduct or for cause (including under the Company’s applicable separation
  pay plan or any successor or comparable arrangement) and the “Retirement
  Rule” below does not apply

  	
   

  	
  Vesting
  stops and all outstanding unvested restricted stock unit Awards are cancelled
  on the termination date.

  

 

Retirement Rule

 

If,
as of your termination date, you are at least (i) age 65, (ii) age 62
with one or more full years of service, or (iii) age 55 with 10 or more
full years of service, then you meet the “Retirement Rule.” If you are
terminated under the Company’s applicable separation pay plan or any successor
or comparable arrangement, if any, your termination date for purposes of
determining whether you qualify under the Retirement Rule is your last day
of active employment with the Company.

 

The
Retirement Rule does not apply if you were involuntarily terminated for
gross misconduct or for cause. If you retire and do not meet the Retirement
Rule, you will be considered to have resigned.

 

	
  If you:

  	
   

  	
   

  
	
  Meet the Retirement Rule

  	
   

  	
  Your
  restricted stock unit Award Shares will be multiplied by a fraction, the
  numerator of which is the number of days from the grant date to your date of
  termination, and the denominator of which is the number of days in the
  original vesting period for the restricted stock unit Award. At your
  retirement, any Award Shares in excess of that amount determined under the
  immediately preceding sentence will be forfeited and cancelled.

   

  The
  restricted stock unit Award Shares that you retain will continue to vest and
  the shares will be issued and distributed to you upon the Vesting Date for
  the Award, provided that, during the period prior to the Vesting Date, you do
  not engage in any activities that compete with the business operations of the
  Company, including, but not limited to, working for another insurance company
  engaged in the property casualty insurance business as either an employee or
  independent contractor.

   

  If
  you meet the Retirement Rule and are terminated involuntarily, the
  restricted stock unit Awards that you retain (as determined using the
  proration fraction set forth above) generally will be distributed as soon as
  practicable following your termination date, and you will not be subject to
  the non-compete requirement in that case. However, if you are considered a
  “specified employee” under the tax laws (which generally includes the top 50
  officers ranked by included compensation) and you are terminated
  involuntarily, the shares of Common Stock represented by your retained
  restricted stock unit Awards will not be issued and distributed to you until
  six months following your termination of employment or, if earlier, on the
  originally scheduled Vesting Date for the Award, provided you comply with the
  non-compete requirement during that delayed period.

  

 

When
called for under the above rules, you will be required to certify to the
Company that you have not engaged in any activities that compete with the
business operations of the Company since your termination date.  You may be required to provide the Company
with other evidence of your compliance with the Retirement Rule as the
Company may require.

 

Notes to the termination provisions

 

·                  The
Committee determines what constitutes “gross misconduct” and “cause.”

 

 

EXHIBIT B

 

NON-SOLICITATION AND NON-DISCLOSURE AGREEMENT

 

THIS
NON-SOLICITATION AND NON-DISCLOSURE AGREEMENT (“Agreement”) is a part of the
terms and conditions of the award issued by The Travelers Companies, Inc.,
a Minnesota corporation with its principal place of business located in St.
Paul, Minnesota and its affiliated entities (collectively, the “Company”), in
favor of the participant named in the term sheet (the “Employee”) to which this
Agreement is attached as an exhibit.

 

WITNESSETH:

 

WHEREAS, the Employee is employed by the Company; and

 

WHEREAS, the Company is engaged in the business of
marketing and selling insurance and insurance-related products throughout the
United States.

 

NOW, THEREFORE, in consideration of the promises and the mutual covenants and
obligations hereinafter set forth, the parties agree as follows:

 

1. Consideration. As consideration for the execution of this
Agreement, the Employee acknowledges receipt of an award(s) issued
pursuant to the Company’s 2004 Stock Incentive Plan (the “Consideration”), as
evidenced by term sheet(s) setting forth the terms and conditions of such
award(s) to which this Agreement is attached as an exhibit, which
constitutes good, valuable and independent consideration for all of Employee’s
covenants and obligations in this Agreement and above and beyond any
compensation Employee is entitled to receive from the Company.

 

2. Non-Disclosure of Confidential Information.

 

(a) Employee
recognizes that the Company has developed information that is confidential,
proprietary and/or nonpublic that is related to its business, operations,
services, finances, clients, customers, policyholders, vendors and agents (“Confidential
Information”). Employee understands and agrees that he/she is prohibited from
using, disclosing, divulging or misappropriating any Confidential Information
for his/her own personal benefit or for the benefit of any person or entity,
except that Employee may disclose Confidential Information pursuant to a
properly issued subpoena, court order, other legal process, or official inquiry
of a federal, state or local taxing authority, or other governmental agency
with a legitimate legal right to know the Confidential Information. If
disclosure is compelled of Employee by subpoena, court order or other legal
process, or as otherwise required by law, Employee agrees to notify Company as
soon as notice of such process is received and before disclosure and/or
appearance takes place. Employee will use reasonable and prudent care to
safeguard and prevent the unauthorized use or disclosure of Confidential
Information. Confidential Information shall not include any information that: (a) is
or becomes a part of the public domain through no act or omission of Employee
or is otherwise available to the public other than by breach of this Agreement;
(b) was in Employee’s lawful possession prior to the disclosure and had
not been obtained by Employee either directly or indirectly as a result of
Employee’s employment with or other service to the Company; (c) is
disclosed to Employee by a third party who has authority from the Company to
make such disclosure and such disclosure to Employee is not confidential; or (d) is
independently developed by Employee outside of Employee’s employment with the
Company and without the use of any Confidential Information. Employee further
acknowledges that Employee, in the course of employment, has had and will have
access to such Confidential Information.

 

 

(b) Employee
agrees that every document, computer disk, electronic file, computerized
information, computer software program, notation, record, diary, memorandum,
development, investigation, or the like, and any method or manner of doing
business of the Company containing Confidential Information made or acquired by
the Employee during employment by the Company is and shall be the sole and
exclusive property of Company. The Employee will deliver the same (and every
copy, disk, abstract, summary, or reproduction of the same made by or for the
Employee or acquired by the Employee) whenever the Company may so require and
in any event prior to or at the termination of employment. Nothing in Section 2
is intended or shall be interpreted to mean that the Company may withhold
information, including computerized information, relating to Employee’s
personal contacts and personal information that may be stored or contained in
Employee’s physical or electronic files. The Company further agrees not to
unreasonably withhold information relating to Employee’s business-related
contacts, to the extent such information falls outside the definition of
Confidential Information set forth in Section 2(a) above.

 

3. Non-Solicitation/Non-Interference.

 

(a) The
parties understand and agree that this Agreement is intended to protect the
Company against the Employee raiding its employees and/or its business during
the twelve (12) month period following the Separation Date (whether voluntary
or involuntary) (the “Restricted Period”), while recognizing that after
conclusion of his/her employment (the “Separation Date”), Employee is still
permitted to freely compete with the Company, except to the extent Confidential
Information is used in such solicitation and subject to certain restrictions
set forth below. Further, nothing in this Agreement is intended to grant or
limit any rights or claims as to any future employer of Employee. To this end,
any court considering the enforcement of this Agreement for a breach of this
Agreement, must accept this statement of intent.

 

(b) After
Employee has left the employment of the Company and during the Restricted
Period, Employee will not seek to recruit or solicit, or assist in recruiting
or soliciting, participate in or promote the solicitation of, interfere with,
attempt to influence or otherwise affect the employment of any person who was
or is employed by the Company at any time during the last three months of
Employee’s employment or thereafter. Further, Employee shall not, on behalf of
himself/herself or any other person, hire, employ or engage any such person.
The parties agree that Employee shall not directly engage in the aforesaid
conduct through a third party for the purpose of colluding to avoid the
restrictions in this Agreement. However, nothing in this Agreement precludes
Employee from directing a third party (including but not limited to employees
of his/her subsequent employer or a search firm) to broadly solicit, recruit,
and hire individuals, some of whom may be employees of the Company, provided
that Employee does not specifically direct such third party to specifically
target the Company’s employees generally or specific individual employees of
the Company.

 

(c) After
Employee has left the employment of the Company, accepts a position as an
employee, consultant or contractor with a direct competitor of the Company, and
during the Restricted Period, Employee will not utilize Confidential
Information to seek to solicit or assist in soliciting, participate in or
otherwise promote the solicitation of, interference with, attempt to influence
or otherwise affect any person or entity, who is a client, customer,
policyholder, or agent of the Company, to discontinue business with the
Company, and/or move that business elsewhere. Employee also agrees not to be
directly and personally involved in the negotiation or solicitation of any
individual book roll over(s) or other book of business transfer
arrangements involving the transfer of business away from Company, even if
Confidential Information is not involved. However, nothing in this Agreement
precludes the Employee from directing a third party (including but not limited
to employees of his/her subsequent employer) to solicit, compete for, negotiate
and execute book roll over deals or other book of business transfer
arrangements provided that (i) Confidential Information provided by the
Employee is not used, (ii) Employee is not personally and directly
involved in such negotiations, and (iii) Employee does not direct such
third party to target specific agents of Company. Furthermore, nothing in this
Agreement precludes the Employee from freely competing with the Company
including but not limited to competing on an account by account or deal by deal
basis to the extent that he/she does not use Confidential Information.

 

 

4. Forfeiture of Consideration; Other Remedies. Employee agrees that if Employee breaches
this Agreement during the Restricted Period, Employee will immediately forfeit
any award that has not yet been paid, exercised or vested and that serves as
Consideration for this Agreement. In addition, the Company will be entitled to
recapture from Employee any and all compensatory value that Employee received
within twelve months prior to or twelve months after the Separation Date from
any award that has already been paid, exercised or vested and that serves as
Consideration for this Agreement. The value subject to recapture includes the
amount of any cash payment made to Employee upon exercise or settlement of the
award, and/or the amount included as compensation in the taxable income of
Employee upon vesting or exercise of the award. Employee will promptly pay the
full amount subject to recapture to the Company upon demand in the form of cash
or shares of Company Common Stock with a current fair market value equal to the
amount subject to recapture. In addition to the remedies set forth in Sections
2, 3 and 4 of this Agreement, Company may avail itself of any other remedies
available under statute or common law.

 

5. Consent to Jurisdiction. Jurisdiction and venue for enforcement of
this Agreement, and for resolution of any dispute under this Agreement, shall
be exclusively in the federal or state courts in the state and county where the
Employee resides at the time that the Company commences an action under this
Agreement. Employee agrees to notify Company of any changes in his/her
residence after the Separation Date.

 

6. Modification. This Agreement may not be terminated or
modified without the express written consent of both the Employee and the
Company.

 

7. Employment At Will. Employee specifically recognizes and agrees
that nothing in this Agreement shall be deemed to establish an employment
relationship on a basis other than terminable at will, that the Company is not
obligated to continue Employee’s employment for any particular period, and that
this Agreement is not an employment agreement for continued employment.

 

8. Governing Law. This Agreement shall be construed,
interpreted and applied in accordance with the laws of the State of Minnesota.

 

9. Waiver. The waiver of a breach of any provision of this Agreement shall not
operate as or be construed as a waiver of any subsequent breach of this
Agreement.

 

10. Severability. If any provision, section or subsection of
this Agreement is adjudged by any court to be void or unenforceable in whole or
in part, this adjudication shall not affect the validity of the remainder of
the Agreement, including any other provision, section or subsection. Each
provision, section, and subsection of this Agreement is separable from every
other provision, section and subsection and constitutes a separate and distinct
covenant. Both Employee and the Company agree that if any court rules that
a restriction contained in this Agreement is unenforceable as written, the
parties will: (a) jointly request and consent to the reformation of the
restriction by the court to the extent necessary to make the Agreement
enforceable, and (b) not to seek to enforce the ruling in any state other
than the state where the ruling was made.

 

11. Assignment. This Agreement shall be binding upon and
inure to the benefit of the Company, its successors and assigns and to the
benefit of Employee, his/her heirs and legal representatives. This Agreement is
not assignable by Employee. This Agreement may be assigned by the Company.
Employee transfers to any corporate parent, affiliate or subsidiary of the
Company shall constitute an assignment.

 

12. Entire Agreement. This Agreement and any award agreement or
term sheet documenting the equity award(s) that constitutes the
Consideration constitute the entire Agreement and understanding between the
Company and the Employee concerning the subject matters hereof. No
modification, amendment, termination or waiver of this Agreement shall be
binding unless in writing and signed by a duly authorized representative of the
Company. Employee acknowledges and represents that he/she has carefully read
this Agreement, that he/she has considered the terms and conditions contained
herein, and that he/she voluntarily assents to all of these terms and
conditions, and that he/she is accepting this Agreement by Employee’s own free
will.

 

 

THE TRAVELERS COMPANIES, INC.

 

PARTICIPANT’S ACCEPTANCE

 

(Click on the button below to accept the terms of your
Agreement, including the terms of the Non-Solicitation and Non-Disclosure
Agreement. You will not be able to undo this change.)

 

Agree/Accept

 

(Click on the button below to return to ECW and accept
the terms of your Agreement at another time. You will not be able to undo this
change.)

 

Return to Equity Compensation Webexhibit4-04.htm

    
       

    

     

    INDENTURE

     

    

     

    among

     

    

     

    AMERICAN
AXLE & MANUFACTURING, INC.,

     

    as
Issuer

     

    

     

    AMERICAN
AXLE & MANUFACTURING HOLDINGS, INC.,

     

    as
Guarantor

     

    

     

    and

     

    

     

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

     

    as
Trustee

     

    _________________________

     

    

     

    Dated as
of February 27, 2007

     

    

     

    _________________________

     

    

     

    Providing
for the Issuance of Debt Securities in Series

     

    

     

    
      

       

      

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    AMERICAN
AXLE & MANUFACTURING, INC.

     

    Reconciliation
and tie between Trust Indenture Act

     

    of 1939
and Indenture, dated as of February 27, 2007

     

    
      	
              Trust Indenture

              Act Section

            	 
      	
              Indenture Section

            
	 
      	 
      	 
      
	
              Sec.  310(a)(1)

            	 
      	
              607

            
	
                (a)(2)

            	 
      	
              607

            
	
                (b)

            	 
      	
              608

            
	
              Sec.  312(c)

            	 
      	
              701

            
	
              Sec.  314(a)

            	 
      	
              703

            
	
                (a)(4)

            	 
      	
              1004

            
	
                (c)(1)

            	 
      	
              102

            
	
                (c)(2)

            	 
      	
              102

            
	
                (e)

            	 
      	
              102

            
	
              Sec.  315(b)

            	 
      	
              601

            
	
              Sec.  316(a)(last

            	 
      	 
      
	
                sentence)

            	 
      	
              101
      (“Outstanding”)

            
	
                (a)(1)(A)

            	 
      	
              502,
      512

            
	
                (a)(1)(B)

            	 
      	
              513

            
	
                (b)

            	 
      	
              508

            
	
                (c)

            	 
      	
              104(c)

            
	
              Sec.  317(a)(1)

            	 
      	
              503

            
	
                (a)(2)

            	 
      	
              504

            
	
                (b)

            	 
      	
              1003

            
	
              Sec.  318(a)

            	 
      	
              111

            

    

    ______________

    
      	
               
      

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

            

    

     

    

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    TABLE
OF CONTENTS 

     

    Page

     

    
      	
               
      

            	
              PARTIES1

            

    

    
      	
               
      

            	
              RECITALS
      OF THE COMPANY1

            

    

     

    ARTICLE
ONE

     

    DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION

    
      	
               
      

            	
              SECTION
      101. Definitions

            

    

    
      	
               
      

            	
              SECTION
      102. Compliance Certificates and
Opinions

            

    

    
      	
               
      

            	
              SECTION
      103. Form of Documents Delivered to
Trustee

            

    

    
      	
               
      

            	
              SECTION
      104. Acts of Holders

            

    

    
      	
               
      

            	
              SECTION
      105. Notices, etc. to Trustee, Company or the
  Guarantor

            

    

    
      	
               
      

            	
              SECTION
      106. Notice to Holders; Waiver

            

    

    
      	
               
      

            	
              SECTION
      107. Effect of Headings and Table of
Contents

            

    

    
      	
               
      

            	
              SECTION
      108. Successors and Assigns

            

    

    
      	
               
      

            	
              SECTION
      109. Separability Clause

            

    

    
      	
               
      

            	
              SECTION
      110. Benefits of Indenture

            

    

    
      	
               
      

            	
              SECTION
      111. Governing Law

            

    

    
      	
               
      

            	
              SECTION
      112. Legal Holidays

            

    

    
      	
               
      

            	
              SECTION
      113. No Recourse

            

    

    
      	
               
      

            	
              SECTION
      114. Incorporation by Reference of Trust Indenture
  Act

            

    

    
      	
               
      

            	
              SECTION
      115. Rules of Construction

            

    

     

    ARTICLE
TWO

     

    SECURITY
FORMS

    
      	
               
      

            	
              SECTION
      201. Forms Generally

            

    

    
      	
               
      

            	
              SECTION
      202. Form of Trustee’s Certificate of
  Authentication

            

    

    
      	
               
      

            	
              SECTION
      203. Securities Issuable in Global
Form

            

    

     

    ARTICLE
THREE

     

    THE
SECURITIES

    
      	
               
      

            	
              SECTION
      301. Amount Unlimited; Issuable in
Series

            

    

    
      	
               
      

            	
              SECTION
      302. Denominations

            

    

    
      	
               
      

            	
              SECTION
      303. Execution, Authentication, Delivery and
  Dating

            

    

    
      	
               
      

            	
              SECTION
      304. Temporary Securities

            

    

    
      	
               
      

            	
              SECTION
      305. Registration, Registration of Transfer and
  Exchange

            

    

    
      	
               
      

            	
              SECTION
      306. Mutilated, Destroyed, Lost and Stolen
  Securities

            

    

    
      	
               
      

            	
              SECTION
      307. Payment of Interest; Interest Rights Preserved; Optional Interest
      Reset

            

    

    
      	
               
      

            	
              SECTION
      308. Optional Extension of Maturity

            

    

    
      	
               
      

            	
              SECTION
      309. Persons Deemed Owners

            

    

    
      	
               
      

            	
              SECTION
      310. Cancellation

            

    

    
      	
               
      

            	
              SECTION
      311. Computation of Interest

            

    

    
      	
               
      

            	
              SECTION
      312. Currency and Manner of Payments in Respect of
    Securities

            

    

    
      	
               
      

            	
              SECTION
      313. Appointment and Resignation of Successor Exchange Rate
      Agent

            

    

     

    ARTICLE
FOUR

     

    SATISFACTION
AND DISCHARGE

    
      	
               
      

            	
              SECTION
      401. Satisfaction and Discharge of
Indenture

            

    

    
      	
               
      

            	
              SECTION
      402. Application of Trust Money

            

    

     

    ARTICLE
FIVE

     

    REMEDIES

    
      	
               
      

            	
              SECTION
      501. Events of Default

            

    

    
      	
               
      

            	
              SECTION
      502. Acceleration of Maturity; Rescission and
  Annulment

            

    

    
      	
               
      

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

            

    

    
      	
               
      

            	
              SECTION
      504. Trustee May File Proofs of
Claim

            

    

    
      	
               
      

            	
              SECTION
      505. Trustee May Enforce Claims Without Possession of
      Securities

            

    

    
      	
               
      

            	
              SECTION
      506. Application of Money Collected

            

    

    
      	
               
      

            	
              SECTION
      507. Limitation on Suits

            

    

    
      	
               
      

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

            

    

    
      	
               
      

            	
              SECTION
      509. Restoration of Rights and
Remedies

            

    

    
      	
               
      

            	
              SECTION
      510. Rights and Remedies Cumulative

            

    

    
      	
               
      

            	
              SECTION
      511. Delay or Omission Not Waiver

            

    

    
      	
               
      

            	
              SECTION
      512. Control by Holders

            

    

    
      	
               
      

            	
              SECTION
      513. Waiver of Past Defaults

            

    

    
      	
               
      

            	
              SECTION
      514. Undertaking for Costs

            

    

    
      	
               
      

            	
              SECTION
      515. Waiver of Stay or Extension
Laws

            

    

     

    ARTICLE
SIX

     

    THE
TRUSTEE

    
      	
               
      

            	
              SECTION
      601. Notice of Defaults

            

    

    
      	
               
      

            	
              SECTION
      602. Certain Duties, Responsibilities and Rights of
  Trustee

            

    

    
      	
               
      

            	
              SECTION
      603. Trustee Not Responsible for Recitals or Issuance of
      Securities

            

    

    
      	
               
      

            	
              SECTION
      604. May Hold Securities

            

    

    
      	
               
      

            	
              SECTION
      605. Money Held in Trust

            

    

    
      	
               
      

            	
              SECTION
      606. Compensation and Reimbursement

            

    

    
      	
               
      

            	
              SECTION
      607. Corporate Trustee Required; Eligibility; Conflicting Interests;
      Disqualification

            

    

    
      	
               
      

            	
              SECTION
      608. Resignation and Removal; Appointment of
  Successor

            

    

    
      	
               
      

            	
              SECTION
      609. Acceptance of Appointment by
Successor

            

    

    
      	
               
      

            	
              SECTION
      610. Merger, Conversion, Consolidation or Succession to
      Business

            

    

    
      	
               
      

            	
              SECTION
      611. Appointment of Authenticating
Agent

            

    

     

    ARTICLE
SEVEN

     

    HOLDERS’
LISTS AND REPORTS BY TRUSTEE, COMPANY AND GUARANTOR

    
      	
               
      

            	
              SECTION
      701. Disclosure of Names and Addresses of
  Holders

            

    

    
      	
               
      

            	
              SECTION
      702. Reports by Trustee

            

    

    
      	
               
      

            	
              SECTION
      703. Reports by Company

            

    

     

    ARTICLE
EIGHT

     

    CONSOLIDATION,
MERGER, CONVEYANCE, TRANSFER OR LEASE

    
      	
               
      

            	
              SECTION
      801. Company and Guarantor May Consolidate, etc., Only on Certain
      Terms

            

    

    
      	
               
      

            	
              SECTION
      802. Successor Person Substituted

            

    

     

    ARTICLE
NINE

     

    SUPPLEMENTAL
INDENTURES

    
      	
               
      

            	
              SECTION
      901. Supplemental Indentures Without Consent of
  Holders

            

    

    
      	
               
      

            	
              SECTION
      902. Supplemental Indentures with Consent of
  Holders

            

    

    
      	
               
      

            	
              SECTION
      903. Execution of Supplemental
Indentures

            

    

    
      	
               
      

            	
              SECTION
      904. Effect of Supplemental
Indentures

            

    

    
      	
               
      

            	
              SECTION
      905. Conformity with Trust Indenture
Act

            

    

    
      	
               
      

            	
              SECTION
      906. Reference in Securities to Supplemental
  Indentures

            

    

    
      	
               
      

            	
              SECTION
      907. Notice of Supplemental
Indentures

            

    

    
      	
               
      

            	
              SECTION
      908. Effect on Senior Indebtedness

            

    

     

    ARTICLE
TEN

     

    COVENANTS

    
      	
               
      

            	
              SECTION
      1001. Payment of Principal, Premium, if Any, and
  Interest

            

    

    
      	
               
      

            	
              SECTION
      1002. Maintenance of Office or
Agency

            

    

    
      	
               
      

            	
              SECTION
      1003. Money for Securities Payments to Be Held in
  Trust

            

    

    
      	
               
      

            	
              SECTION
      1004. Statement by Officers as to
Default

            

    

    
      	
               
      

            	
              SECTION
      1005. Existence

            

    

    
      	
               
      

            	
              SECTION
      1006. Limitation on Liens

            

    

    
      	
               
      

            	
              SECTION
      1007. Limitation on Sale and Leaseback
  Transactions

            

    

    
      	
               
      

            	
              SECTION
      1008. SEC and Other Reports

            

    

    
      	
               
      

            	
              SECTION
      1009. Further Instruments and Acts

            

    

    
      	
               
      

            	
              SECTION
      1010. Calculation of Original Issue
Discount

            

    

    
      	
               
      

            	
              SECTION
      1011. Additional Amounts

            

    

    
      	
               
      

            	
              SECTION
      1012. Waiver of Certain Covenants

            

    

     

    ARTICLE
ELEVEN

     

    REDEMPTION
OF SECURITIES

    
      	
               
      

            	
              SECTION
      1101. Applicability of Article

            

    

    
      	
               
      

            	
              SECTION
      1102. Election to Redeem; Notice to
Trustee

            

    

    
      	
               
      

            	
              SECTION
      1103. Selection by Trustee of Securities to Be
  Redeemed

            

    

    
      	
               
      

            	
              SECTION
      1104. Notice of Redemption

            

    

    
      	
               
      

            	
              SECTION
      1105. Deposit of Redemption Price

            

    

    
      	
               
      

            	
              SECTION
      1106. Securities Payable on Redemption
Date

            

    

    
      	
               
      

            	
              SECTION
      1107. Securities Redeemed in Part

            

    

     

    ARTICLE
TWELVE

     

    SINKING
FUNDS

    
      	
               
      

            	
              SECTION
      1201. Applicability of Article

            

    

    
      	
               
      

            	
              SECTION
      1202. Satisfaction of Sinking Fund Payments with
  Securities

            

    

    
      	
               
      

            	
              SECTION
      1203. Redemption of Securities for Sinking
Fund

            

    

     

    ARTICLE
THIRTEEN

     

    REPAYMENT
AT OPTION OF HOLDERS

    
      	
               
      

            	
              SECTION
      1301. Applicability of Article

            

    

    
      	
               
      

            	
              SECTION
      1302. Repayment of Securities

            

    

    
      	
               
      

            	
              SECTION
      1303. Exercise of Option

            

    

    
      	
               
      

            	
              SECTION
      1304. When Securities Presented for Repayment Become Due and
      Payable

            

    

    
      	
               
      

            	
              SECTION
      1305. Securities Repaid in Part

            

    

     

    ARTICLE
FOURTEEN

     

    DEFEASANCE
AND COVENANT DEFEASANCE

    
      	
               
      

            	
              SECTION
      1401. Company’s Option to Effect Defeasance or Covenant
      Defeasance

            

    

    
      	
               
      

            	
              SECTION
      1402. Defeasance and Discharge

            

    

    
      	
               
      

            	
              SECTION
      1403. Covenant Defeasance

            

    

    
      	
               
      

            	
              SECTION
      1404. Conditions to Defeasance or Covenant
  Defeasance

            

    

    
      	
               
      

            	
              SECTION
      1405. Deposited Money and Government Obligations to Be Held in Trust;
      Other Miscellaneous Provisions

            

    

    
      	
               
      

            	
              SECTION
      1406. Reinstatement

            

    

     

    ARTICLE
FIFTEEN

     

    MEETINGS
OF HOLDERS OF SECURITIES

    
      	
               
      

            	
              SECTION
      1501. Purposes for Which Meetings May Be
Called

            

    

    
      	
               
      

            	
              SECTION
      1502. Call, Notice and Place of
Meetings

            

    

    
      	
               
      

            	
              SECTION
      1503. Persons Entitled to Vote at
Meetings

            

    

    
      	
               
      

            	
              SECTION
      1504. Quorum; Action

            

    

    
      	
               
      

            	
              SECTION
      1505. Determination of Voting Rights; Conduct and Adjournment of
      Meetings

            

    

    
      	
               
      

            	
              SECTION
      1506. Counting Votes and Recording Action of
  Meetings

            

    

     

    ARTICLE
SIXTEEN

     

    GUARANTEE

    
      	
               
      

            	
              SECTION
      1601. Guarantee

            

    

    
      	
               
      

            	
              SECTION
      1602. Severability

            

    

    
      	
               
      

            	
              SECTION
      1603. Priority of Guarantee

            

    

    
      	
               
      

            	
              SECTION
      1604. Limitation of Guarantor’s
Liability

            

    

    
      	
               
      

            	
              SECTION
      1605. Subrogation

            

    

    
      	
               
      

            	
              SECTION
      1606. Reinstatement

            

    

    
      	
               
      

            	
              SECTION
      1607. Release of the Guarantor

            

    

    
      	
               
      

            	
              SECTION
      1608. Benefits Acknowledged

            

    

    

     

    
      	
              EXHIBIT
      A

            	
              FORMS
      OF CERTIFICATION

            

    

    

    

      

    

     

       
Note:  This table of contents shall not, for any purpose, be deemed to
be a part of the Indenture.

       

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    INDENTURE,
dated as of February 27, 2007, among AMERICAN AXLE & MANUFACTURING, INC., a
Delaware corporation (the “Company”), having its principal office at One Dauch
Drive, Detroit, Michigan 48211-1198, AMERICAN AXLE & MANUFACTURING HOLDINGS,
INC., a Delaware corporation (the “Guarantor” and “Holdings”), as Guarantor, and
The Bank of New York Trust Company, N.A., a national banking corporation, as
Trustee (herein called the “Trustee”).

     

    RECITALS
OF THE COMPANY

     

    WHEREAS,
the Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its unsecured senior or
subordinated debentures, notes or other evidences of indebtedness (herein called
the “Securities”), which may be convertible into or exchangeable for any
securities of any person (including the Company), to be issued in one or more
series as in this Indenture provided; and

     

    WHEREAS,
the Guarantor desires with respect to Securities of certain series issued under
this Indenture to make the Guarantees provided for herein; and

     

    WHEREAS,
this Indenture is subject to the provisions of the Trust Indenture Act of 1939,
as amended, that are required to be part of this Indenture, and shall be
governed by such provisions; provided that if any
provision of this Indenture modifies any TIA provision that may be so modified,
such TIA provision shall be deemed to apply to this Indenture as so modified;
provided further that if any
provision of this Indenture excludes any TIA provision that may be so excluded,
such TIA provision shall be excluded from this Indenture; and

     

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

     

    NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

     

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

     

     

    ARTICLE
ONE                                           

     

    DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION

    SECTION
101. Definitions

     

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

     

    “Additional
Amounts” has the meaning specified in Section 1011.

     

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

     

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

     

    “Attributable
Debt” means, when used in respect of any Sale and Leaseback Transaction, as of
the time of determination, the total obligation (discounted to present value at
the rate per annum equal to the discount rate which would be applicable to a
capital lease obligation with like term in accordance with GAAP) of the lessee
for rental payments (other than amounts required to be paid on account of
property taxes, maintenance, repairs, insurance, water rates and other items
which do not constitute payments for property rights) during the remaining
portion of the initial term of the lease included in such Sale and Leaseback
Transaction.

     

    “Authenticating
Agent” means any Person appointed by the Trustee to act on behalf of the Trustee
pursuant to Section 611 to authenticate Securities.

     

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

     

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

     

    “Bearer
Security” means any Security except a Registered Security.

     

    “Board of
Directors” means (i) with respect to a corporation, the board of directors
of the corporation; (ii) with respect to a partnership, the Board of
Directors of the general partner of the partnership; and (iii) with respect
to any other Person, the board or committee of such Person serving a similar
function.

     

    “Board
Resolution” means a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company or the Guarantor, as the case may be, to have
been duly adopted by the Board of Directors and to be in full force and effect
on the date of such certification, and delivered to the Trustee.

     

    “Business
Day” means, when used with respect to any Place of Payment or any other
particular location referred to in this Indenture or in the Securities, unless
otherwise specified with respect to any Securities pursuant to Section 301, each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which
banking institutions in that Place of Payment or other location are authorized
or obligated by law or executive order to close.

     

    “Clearstream”
means Clearstream, société anonyme, or its successor.

     

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

     

    “Common
Depositary” has the meaning specified in Section 304.

     

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

     

    “Company
Request” or “Company Order” means a written request or order signed in the name
of the Company by one Officer of the Company and delivered to the
Trustee.

     

    “Consolidated
Current Liabilities” means the aggregate of the current liabilities of Holdings
appearing on the most recent available consolidated balance sheet of Holdings,
all in accordance with GAAP.  In no event shall Consolidated Current
Liabilities include any obligation of Holdings or its Subsidiaries issued under
a revolving credit or similar agreement if the obligation issued under such
agreement matures by its terms within 12 months from the date thereof but
by the terms of such agreement such obligation may be renewed or extended or the
amount thereof reborrowed or refunded at the option of Holdings, the Company or
any Subsidiary for a term in excess of 12 months from the date of
determination.

     

    “Consolidated
Net Tangible Assets” means Consolidated Tangible Assets after deduction of
Consolidated Current Liabilities.

     

    “Consolidated
Tangible Assets” means the aggregate of all assets of Holdings (including the
value of all existing Sale and Leaseback Transactions and any assets resulting
from the capitalization of other long-term lease obligations in accordance with
GAAP) appearing on the most recent available consolidated balance sheet of
Holdings at their net book values, after deducting related depreciation,
applicable allowances and other properly deductible items, and after deducting
all goodwill, trademarks, tradenames, patents, unamortized debt discount and
expenses and other like intangibles, all prepared in accordance with
GAAP.

     

    “Conversion
Date” has the meaning specified in Section 312(d).

     

    “Conversion
Event” means the cessation of use of a Foreign Currency both by the government
of one or more countries or by any recognized union, association or
confederation of governments that issued such currency and by a central bank or
other public institution of or within the international banking community for
the settlement of transactions.

     

    “Corporate
Trust Office of the Trustee” means the principal corporate trust office of the
Trustee, at which at any particular time its corporate trust business shall be
administered, which office on the date of execution of this Indenture is located
at 2 N. LaSalle Street, Suite 1020, Chicago Illinois 60602, except that with
respect to presentation of Securities for payment or for registration of
transfer or exchange, such term shall mean the office or agency of the Trustee
at which, at any particular time, its corporate agency business shall be
conducted.

     

    “corporation”
includes corporations, associations, companies and business or statutory
trusts.

     

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

     

    “Currency”
means any currency, composite currency or currency unit, including, without
limitation, the Euro, issued by the government of one or more countries or by
any recognized union, confederation or association of such
governments.

     

    “Debt”
has the meaning set forth in Section 1006.

     

    “Default”
means any event that is, or with the passage of time or the giving of notice or
both would be, an Event of Default.

     

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

     

    “Depositary”
means, with respect to Registered Securities of any series, for which the
Company shall determine that such Registered Securities will be issued in
permanent global form, 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 (the “Exchange Act”), or other
applicable statute or regulations, which in each case, shall be designated by
the Company pursuant to Section 301.

     

    “Dollar”
or “$” means a dollar or other equivalent unit in such coin or currency of the
United States of America as at the time shall be legal tender for the payment of
public and private debts.

     

    “Dollar
Equivalent of the Currency Unit” has the meaning specified in Section
312(g).

     

    “Dollar
Equivalent of the Foreign Currency” has the meaning specified in Section
312(f).

     

    “Election
Date” has the meaning specified in Section 312(h).

     

    “Euro”
means the basic unit of currency among participating European Union countries,
as revised or replaced from time to time.

     

    “Euroclear”
means Euroclear Bank S.A./N.V. as operator of Euroclear System, and any
successor thereto.

     

    “European
Union” means the European Economic Community, the European Coal and Steel
Community and the European Atomic Energy Community, as may be modified from time
to time.

     

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

     

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

     

    “Exchange
Rate Agent” means, with respect to Securities of or within any series, unless
otherwise specified with respect to any Securities pursuant to Section 301, a
New York Clearing House bank, designated pursuant to Section 301 or Section
313.

     

    “Exchange
Rate Officer’s Certificate” means a certificate setting forth (i) the
applicable Market Exchange Rate and (ii) the Dollar or Foreign Currency amounts
of principal (and premium, if any) and interest, if any (on an aggregate basis
and on the basis of a Security having the lowest denomination principal amount
determined in accordance with Section 302 in the relevant Currency), payable
with respect to a Security of any series on the basis of such Market Exchange
Rate, signed by the Treasurer or any Vice President of the Company.

     

    “Extension
Notice” has the meaning specified in Section 308.

     

    “Extension
Period” has the meaning specified in Section 308.

     

    “Federal
Bankruptcy Code” means the Bankruptcy Act of Title 11 of the United States Code,
as amended from time to time.

     

    “Foreign
Currency” means any Currency other than Currency of the United
States.

     

    “Funded
Debt” means all
Debt having a maturity of more than 12 months from the date as of which the
determination is made or having a maturity of 12 months or less but by its terms
being renewable or extendable beyond 12 months from such date at the option of
the borrower, but excluding any such Debt owed to the Company, the Guarantor or
a Subsidiary.

     

    “GAAP”
means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as
have been approved by a significant segment of the accounting profession which
are in effect on the date of this Indenture.

     

    “Government
Obligations” means, unless otherwise specified with respect to any series of
Securities pursuant to Section 301, securities which are (i) direct obligations
of the government which issued the Currency in which the Securities of a
particular series are payable or (ii) obligations of a Person controlled or
supervised by and acting as an agency or instrumentality of the government which
issued the Currency in which the Securities of such series are payable, the
payment of which is unconditionally guaranteed by such government, which, in
either case, are full faith and credit obligations of such government payable in
such Currency and are not callable or redeemable at the option of the issuer
thereof and shall also include a depository receipt issued by a bank or trust
company as custodian with respect to any such Government Obligation or a
specific payment of interest on or principal of any such Government Obligation
held by such custodian for the account of the holder of a 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 Government
Obligation or the specific payment of interest or principal of the Government
Obligation evidenced by such depository receipt.

     

    “guarantee”
means a guarantee (other than by endorsement of negotiable instruments for
collection in the ordinary course of business), direct or indirect, in any
manner (including, without limitation, letters of credit and reimbursement
agreements in respect thereof), of all or any part of any Indebtedness or other
obligations.

     

    “Guarantee” means any guarantee of
the Guarantor endorsed on a Security authenticated and delivered pursuant to
this Indenture and shall include the Guarantees set forth in Section
1601.

     

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

     

    “Guarantor
Obligations” shall have the meaning provided in Section 1601.

     

    “Guarantor
Request” or “Guarantor Order” means a written request or order signed in the
name of the Guarantor by one Officer of the Guarantor, and delivered to the
Trustee.

     

    “Holder”
means, in the case of a Registered Security, the Person in whose name a Security
is registered in the Security Register and, in the case of a Bearer Security,
the bearer thereof and, when used with respect to any coupon, shall mean the
bearer thereof.

     

    “Holdings”
means American Axle & Manufacturing Holdings, Inc., a Delaware
Corporation.

     

    “Indebtedness”
means (1) any liability of any Person (a) for borrowed money, or
(b) evidenced by a bond, note, debenture or similar instrument (including
purchase money obligations but excluding Trade Payables), or (c) for the payment
of money relating to a lease that is required to be classified as a capitalized
lease obligation in accordance with GAAP; (2) preferred or preference stock of a
Subsidiary of the Company held by Persons other than the Company or a Subsidiary
of the Company; (3) any liability of others described in the preceding clause
(1) that the Person has guaranteed, that is recourse to such Person or that is
otherwise its legal liability; and (4) any amendment, supplement, modification,
deferral, renewal, extension or refunding of any liability of the types referred
to in clauses (1), (2) and (3) above.

     

    “Indenture”
means this instrument as originally executed and as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered
into pursuant to the applicable provisions hereof, and shall include the terms
of particular series of Securities established as contemplated by Section 301;
provided, however, that, if at
any time more than one Person is acting as Trustee under this instrument,
“Indenture” shall mean, with respect to any one or more series of Securities for
which such Person is Trustee, this instrument as originally executed or as it
may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof
and shall include the terms of particular series of Securities for which such
Person is Trustee established as contemplated by Section 301, exclusive,
however, of any provisions or terms which relate solely to other series of
Securities for which such Person is not Trustee, regardless of when such terms
or provisions were adopted, and exclusive of any provisions or terms adopted by
means of one or more indentures supplemental hereto executed and delivered after
such Person had become such Trustee but to which such Person, as such Trustee,
was not a party.

     

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

     

    “interest”
means, when used with respect to an Original Issue Discount Security the rate
prescribed in such Original Issue Discount Security.

     

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

     

    “Lien”
means, with respect to any asset, any mortgage, lien, pledge, charge, security
interest or encumbrance of any kind in respect of such asset, whether or not
filed, recorded or otherwise perfected under applicable law, including any
conditional sale or other title retention agreement, any lease in the nature
thereof, any option or other agreement to sell or give a security interest in
and any filing of or agreement to give any financing statement under the Uniform
Commercial Code (or equivalent statutes) of any jurisdiction.

     

    “Market
Exchange Rate” means, unless otherwise specified with respect to any Securities
pursuant to Section 301, (i) for any conversion involving a currency unit on the
one hand and Dollars or any Foreign Currency on the other, the exchange rate
between the relevant currency unit and Dollars or such Foreign Currency
calculated by the method specified pursuant to Section 301 for the Securities of
the relevant series, (ii) for any conversion of Dollars into any Foreign
Currency, the noon (New York City time) buying rate for such Foreign Currency
for cable transfers quoted in New York City as certified for customs purposes by
the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign
Currency into Dollars or another Foreign Currency, the spot rate at noon local
time in the relevant market at which, in accordance with normal banking
procedures, the Dollars or Foreign Currency into which conversion is being made
could be purchased with the Foreign Currency from which conversion is being made
from major banks located in either New York City, London or any other principal
market for Dollars or such purchased Foreign Currency, in each case determined
by the Exchange Rate Agent.  Unless otherwise specified with respect
to any Securities pursuant to Section 301, in the event of the unavailability of
any of the exchange rates provided for in the foregoing clauses (i), (ii) and
(iii), the Exchange Rate Agent shall use, in its sole discretion and without
liability on its part, such quotation of the Federal Reserve Bank of New York as
of the most recent available date, or quotations from one or more major banks in
New York City, London or another principal market for the Currency in question,
or such other quotations as the Exchange Rate Agent shall deem
appropriate.  Unless otherwise specified by the Exchange Rate Agent,
if there is more than one market for dealing in any Currency by reason of
foreign exchange regulations or otherwise, the market to be used in respect of
such Currency shall be that upon which a non-resident issuer of securities
designated in such Currency would purchase such Currency in order to make
payments in respect of such securities.

     

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

     

    “Mortgage”
means, with respect to any property or assets, any mortgage or deed of trust,
pledge, hypothecation, assignment, security interest, lien, encumbrance, or any
other security arrangement of any kind or nature whatsoever on or with respect
to such property or assets (including any conditional sale or other title
retention agreement having substantially the same economic effect as any of the
foregoing).

     

    “Officer”
means, with respect to any Person, the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Operating Officer, the Chief
Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the
Secretary or any Vice-President of such Person.

     

    “Officers’
Certificate” means a certificate signed on behalf of the Company by two Officers
of the Company or the Guarantor, as the case may be, one of whom must be the
principal executive officer, the principal financial officer, the treasurer, or
the principal accounting officer of the Company, that meets the requirements of
Section 102 hereof.

     

    “Operating
Property” means
any real property or equipment located in the United States owned by, or leased
to, the Company, Holdings or any Subsidiary that has a market value in excess of
1.0% of Consolidated Net Tangible Assets.

     

    “Opinion
of Counsel” means a written opinion of counsel, who may be counsel for the
Company or the Guarantor, as the case may be, including an employee of the
Company or the Guarantor, and who shall be acceptable to the
Trustee.

     

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

     

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

     

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

     

    (ii) Securities,
or portions thereof, for whose payment or redemption or repayment at the option
of the Holder money in the necessary amount has been theretofore deposited with
the Trustee or any Paying Agent (other than the Company or the Guarantor) in
trust or set aside and segregated in trust by the Company or the Guarantor (if
the Company or the Guarantor, as the case may be, shall act as its own Paying
Agent) for the Holders of such Securities and any coupons appertaining thereto;
provided that, if such Securities are to be redeemed, notice of such redemption
has been duly given pursuant to this Indenture or provision therefor
satisfactory to the Trustee has been made;

     

    (iii) Securities,
except to the extent provided in Sections 1402 and 1403, with respect to which
the Company has effected defeasance and/or covenant defeasance as provided in
Article Fourteen; and

     

    (iv) Securities
which have been paid pursuant to Section 306 or in exchange for or in lieu of
which other Securities have been authenticated and delivered pursuant to this
Indenture, other than any such Securities in respect of which there shall have
been presented to the Trustee proof satisfactory to it that such Securities are
held by a bona fide purchaser in whose hands such Securities are valid
obligations of the Company;

     

    provided, however, that in
determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder or are present at a meeting of Holders for
quorum purposes, and for the purpose of making the calculations required by TIA
Section 313, (i) the principal amount of an Original Issue Discount Security
that may be counted in making such determination or calculation and that shall
be deemed to be Outstanding for such purpose shall be equal to the amount of
principal thereof that would be (or shall have been declared to be) due and
payable, at the time of such determination, upon a declaration of acceleration
of the Maturity thereof pursuant to Section 502, (ii) the principal amount of
any Security denominated in a Foreign Currency that may be counted in making
such determination or calculation and that shall be deemed Outstanding for such
purpose shall be equal to the Dollar equivalent, determined as of the date such
Security is originally issued by the Company as set forth in an Exchange Rate
Officer’s Certificate delivered to the Trustee, of the principal amount (or, in
the case of an Original Issue Discount Security, the Dollar equivalent as of
such date of original issuance of the amount determined as provided in clause
(i) above) of such Security, (iii) the principal amount of any Indexed Security
that may be counted in making such determination or calculation and that shall
be deemed outstanding for such purpose shall be equal to the principal face
amount of such Indexed Security at original issuance, unless otherwise provided
with respect to such Security pursuant to Section 301, and (iv) Securities owned
by the Company or any other obligor upon the Securities or any Affiliate of the
Company or of such other obligor shall be disregarded and deemed not to be
Outstanding, except that, in determining whether the Trustee shall be protected
in making such calculation or in relying upon any such request, demand,
authorization, direction, notice, consent or waiver or upon any such
determination as to the presence of a quorum, only Securities which a
Responsible Officer of the Trustee actually knows to be so owned shall be so
disregarded.  Securities so owned which have been pledged in good
faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such
Securities and that the pledgee is not the Company or any other obligor upon the
Securities or any Affiliate of the Company or such other obligor.

     

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

     

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

     

    “Place of
Payment” means, when used with respect to the Securities of or within any
series, the place or places (which, in the case of Bearer Securities, shall be
outside the United States) where the principal of (and premium, if any) and
interest, if any, on such Securities are payable as specified as contemplated by
Sections 301 and 1002.

     

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

     

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

     

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

     

    “Registered
Security” means any Security registered in the Security Register.

     

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

     

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

     

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

     

    “Responsible
Officer” means, when used with respect to the Trustee, any officer of the
Trustee within the Corporate Trust Office of the Trustee (or any successor group
of the Trustee) who has direct responsibility for administration of this
Indenture and, for purposes of Section 601 or subparagraph (3)(b) of the first
paragraph of Section 602 hereof, also includes any other officer to whom such
matter is referred because of such officer’s knowledge of and familiarity with
the particular subject.

     

    “Restricted
Subsidiary” means
any Subsidiary (excluding the Company) that owns Operating
Property.

     

    “Sale and
Leaseback Transaction” means any arrangement
with any Person providing for the leasing to the Company, the Guarantor or any
Subsidiary of any Operating Property, which Operating Property has been or is to
be sold or transferred by the Company, Holdings or such Subsidiary to such
Person.

     

    “Securities”
has the meaning stated in the first recital of this Indenture and more
particularly means any Securities authenticated and delivered under this
Indenture; provided, however, that if at
any time there is more than one Person acting as Trustee under this Indenture,
“Securities” with respect to the Indenture as to which such Person is Trustee
shall have the meaning stated in the first recital of this Indenture and shall
more particularly mean Securities authenticated and delivered under this
Indenture, exclusive, however, of Securities of any series as to which such
Person is not Trustee.

     

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

     

    “Senior
Indebtedness” means the principal of (and premium, if any) and unpaid interest
on (x) indebtedness of the Company (including indebtedness of others guaranteed
by the Company), whether outstanding on the date hereof or thereafter created,
incurred, assumed or guaranteed, for money borrowed other than (a) any
indebtedness of the Company which when incurred and without respect to any
election under Section 1111(b) of the Federal Bankruptcy Code, was without
recourse to the Company, (b) any Indebtedness of the Company to any of its
subsidiaries, (c) Indebtedness to any employee of the Company, (d) any liability
for taxes and (e) Trade Payables, unless in the instrument creating or
evidencing the same or pursuant to which the same is outstanding it is provided
that such indebtedness is not senior or prior in right of payment to the
Securities, and (y) renewals, extensions, modifications and refundings of any
such indebtedness.  This definition may be modified or superseded by a
supplemental indenture.

     

    “Significant
Subsidiary” means any Subsidiary that would constitute a “significant
subsidiary” within the meaning of Article 1 of Regulation S-X of the Securities
Act of 1933 as in effect on the date of this Indenture.

     

    “Special
Record Date” for the payment of any Defaulted Interest on the Registered
Securities of or within any series means a date fixed by the Trustee pursuant to
Section 307.

     

    “Stated
Maturity” has the meaning specified in Section 308.

     

    “Subsidiary” means any corporation
of which at least a majority of the outstanding stock having by the terms
thereof ordinary voting power for the election of directors of such corporation
(irrespective of whether or not at the time stock of any other class or classes
of such corporation shall have or might have voting power by reason of the
happening of any contingency) is at the time directly or indirectly owned by the
Company, Holdings or by one or more other Subsidiaries, or by the Company,
Holdings and one or more other Subsidiaries.

     

    “Trade
Payables” means accounts payable or any other Indebtedness or monetary
obligations to trade creditors created or assumed in the ordinary course of
business in connection with the obtaining of materials or services.

     

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

     

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

     

    “United
States” means, unless otherwise specified with respect to any Securities
pursuant to Section 301, the United States of America (including the states and
the District of Columbia), its territories, its possessions and other areas
subject to its jurisdiction.

     

    “United
States person” means, unless otherwise specified with respect to any Securities
pursuant to Section 301, an individual who is a citizen or resident of the
United States, a corporation, partnership or other entity created or organized
in or under the laws of the United States or an estate or trust the income of
which is subject to United States federal income taxation regardless of its
source.

     

    “Valuation
Date” has the meaning specified in Section 312(c).

     

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

     

    “Voting
Stock” means stock of the class or classes having general voting power under
ordinary circumstances to elect at least a majority of the board of directors,
managers or trustees of a corporation (irrespective of whether or not at the
time stock of any other class or classes shall have or might have voting power
by reason of the happening of any contingency).

     

    “Yield to
Maturity” means the yield to maturity, computed at the time of issuance of a
Security (or, if applicable, at the most recent redetermination of interest on
such Security) and as set forth in such Security in accordance with generally
accepted United States bond yield computation principles.

     

    SECTION
102. Compliance Certificates and
Opinions

     

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

     

    Every
certificate or opinion with respect to compliance with a covenant or condition
provided for in this Indenture (other than pursuant to Section 1004) shall
include:

     

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

     

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

     

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

     

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

     

    SECTION
103. Form of Documents Delivered
to Trustee

     

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

     

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

     

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

     

    SECTION
104. Acts of
Holders

     

    .  Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders of the
Outstanding Securities of all series or one or more series, as the case may be,
may be embodied in and evidenced by one or more instruments of substantially
similar tenor signed by such Holders in person or by agents duly appointed in
writing.  If Securities of a series are issuable as Bearer Securities,
any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders of Securities
of such series may, alternatively, be embodied in and evidenced by the record of
Holders of Securities of such series voting in favor thereof, either in person
or by proxies duly appointed in writing, at any meeting of Holders of Securities
of such series duly called and held in accordance with the provisions of Article
Fifteen, or a combination of such instruments and any such
record.  Except as herein otherwise expressly provided, such action
shall become effective when such instrument or instruments or record or both are
delivered to the Trustee and, where it is hereby expressly required, to the
Company or the Guarantor or to all of them.  Such instrument or
instruments and any such record (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments or so voting at any such
meeting.  Proof of execution of any such instrument or of a writing
appointing any such agent, or of the holding by any Person of a Security, shall
be sufficient for any purpose of this Indenture and conclusive in favor of the
Trustee and the Company, if made in the manner provided in this
Section.  The record of any meeting of Holders of Securities shall be
proved in the manner provided in Section 1506.

     

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

     

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

     

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

     

    (d) If the
Company or the Guarantor shall solicit from the Holders of Registered Securities
any request, demand, authorization, direction, notice, consent, waiver or other
Act, the Company or the Guarantor, as the case may be, may, at its option, in or
pursuant to a Board Resolution, fix in advance a record date for the
determination of Holders entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other Act, but the Company or the
Guarantor, as the case may be, shall have no obligation to do
so.  Notwithstanding TIA Section 316(c), such record date shall be the
record date specified in or pursuant to such Board Resolution, which shall be a
date not earlier than the date 30 days prior to the first solicitation of
Holders generally in connection therewith and not later than the date such
solicitation is completed.  If such a record date is fixed, such
request, demand, authorization, direction, notice, consent, waiver or other Act
may be given before or after such record date, but only the Holders of record at
the close of business on such record date shall be deemed to be Holders for the
purposes of determining whether Holders of the requisite proportion of
Outstanding Securities have authorized or agreed or consented to such request,
demand, authorization, direction, notice, consent, waiver or other Act, and for
that purpose the Outstanding Securities shall be computed as of such record
date; provided that no such authorization, agreement or consent by the Holders
on such record date shall be deemed effective unless it shall become effective
pursuant to the provisions of this Indenture not later than eleven months after
the record date.

     

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

     

    SECTION
105. Notices, etc. to Trustee,
Company or the
Guarantor

     

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

     

    (1) the
Trustee by any Holder or by the Company or the Guarantor shall be sufficient for
every purpose hereunder if made, given, furnished or filed in writing to or with
the Trustee at its Corporate Trust Office, Attention: Roxane J. Ellwanger,
or

     

    (2) the
Company or the Guarantor by the Trustee or by any Holder shall be sufficient for
every purpose hereunder (unless otherwise herein expressly provided) if in
writing and mailed, first-class postage prepaid or by overnight delivery
service, to the Company or the Guarantor, as the case may be addressed to it at
the address of the Company’s principal office specified in the first paragraph
of this Indenture, to the attention of its General Counsel, or at any other
address previously furnished in writing to the Trustee by the Company or the
Guarantor, as the case may be.

     

    SECTION
106. Notice to Holders;
Waiver

     

    .  Except
as otherwise expressly provided herein or otherwise specified with respect to
any series of Securities pursuant to Section 301, where this Indenture provides
for notice of any event to Holders of Registered Securities by the Company, the
Guarantor or the Trustee, such notice shall be sufficiently given if in writing
and mailed, first-class postage prepaid, to each such Holder affected by such
event, at his address as it appears in the Security Register, not later than the
latest date, and not earlier than the earliest date, prescribed for the giving
of such notice.  In any case where notice to Holders of Registered
Securities is given by mail, neither the failure to mail such notice, nor any
defect in any notice so mailed, to any particular Holder shall affect the
sufficiency of such notice with respect to other Holders of Registered
Securities or the sufficiency of any notice to Holders of Bearer Securities
given as provided.  Any notice mailed to a Holder in the manner herein
prescribed shall be conclusively deemed to have been received by such Holder,
whether or not such Holder actually receives such notice.

     

    In case,
by reason of the suspension of or irregularities in regular mail service or by
reason of any other cause, it shall be impractical to mail notice of any event
to Holders of Registered Securities when such notice is required to be given
pursuant to any provision of this Indenture, then any manner of giving such
notice as shall be satisfactory to the Trustee shall be deemed to be sufficient
giving of such notice for every purpose hereunder.

     

    Except as
otherwise expressly provided herein or otherwise specified with respect to any
Securities pursuant to Section 301, where this Indenture provides for notice to
Holders of Bearer Securities of any event, such notice shall be sufficiently
given to Holders of Bearer Securities if published in an Authorized Newspaper in
The City of New York and in such other city or cities as may be specified in
such Securities on a Business Day at least twice, the first such publication to
be not earlier than the earliest date, and not later than the latest date,
prescribed for the giving of such notice.  Any such notice shall be
deemed to have been given on the date of such publication or, if published more
than once, on the date of the first such publication.

     

    If by
reason of the suspension of publication of any Authorized Newspaper or
Authorized Newspapers or by reason of any other cause, it shall be impracticable
to publish any notice to Holders of Bearer Securities as provided above, then
such notification to Holders of Bearer Securities as shall be given with the
approval of the Trustee shall constitute sufficient notice to such Holders for
every purpose hereunder.  Neither the failure to give notice by
publication to Holders of Bearer Securities as provided above, nor any defect in
any notice so published, shall affect the sufficiency of such notice with
respect to other Holders of Bearer Securities or the sufficiency of any notice
to Holders of Registered Securities given as provided herein.

     

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

     

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

     

    SECTION
107. Effect of Headings and Table
of Contents

     

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

     

    SECTION
108. Successors and
Assigns

     

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

     

    SECTION
109. Separability
Clause

     

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

     

    SECTION
110. Benefits of
Indenture

     

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

     

    SECTION
111. Governing
Law

     

    .  THIS
INDENTURE AND THE SECURITIES AND COUPONS SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK.  THIS INDENTURE IS
SUBJECT TO THE PROVISIONS OF THE TRUST INDENTURE ACT THAT ARE REQUIRED TO BE
PART OF THIS INDENTURE AND SHALL, TO THE EXTENT APPLICABLE, BE GOVERNED BY SUCH
PROVISIONS.

     

    SECTION
112. Legal
Holidays

     

    .  In
any case where any Interest Payment Date, Redemption Date, Repayment Date,
sinking fund payment date or Stated Maturity or Maturity of any Security shall
not be a Business Day at any Place of Payment, then (notwithstanding any other
provision of this Indenture or of any Security or coupon other than a provision
in the Securities of any series which specifically states that such provision
shall apply in lieu of this Section), payment of principal (or premium, if any)
or interest, if any, need not be made at such Place of Payment on such date, but
may be made on the next succeeding Business Day at such Place of Payment with
the same force and effect as if made on the Interest Payment Date, Redemption
Date Repayment Date, sinking fund payment date, or at the Stated Maturity or
Maturity; provided that no interest shall accrue on the amount so payable for
the period from and after such Interest Payment Date, Redemption Date, Repayment
Date, sinking fund payment date, Stated Maturity or Maturity, as the case may
be.

     

    SECTION
113. No
Recourse

     

    .  No
recourse for the payment of the principal of or premium, if any, or interest on
any Security or any coupons appertaining thereto, or for any claim based thereon
or otherwise in respect thereof, and no recourse under or upon any obligation,
covenant or agreement of the Company in this Indenture or in any supplemental
indenture, or in any Security or any coupons appertaining thereto, or because of
the creation of any indebtedness represented thereby, shall be had against any
director, officer, employee, or stockholder as such, past, present or future, of
the Company or any of its Affiliates or any successor Person of the Company,
either directly or through the Company or any of its Affiliates or any successor
Person of the Company, whether by virtue of any constitution, statute or rule of
law, or by the enforcement of any assessment or penalty or otherwise; it being
expressly understood that all such liability is hereby expressly waived and
released as a condition of, and as a consideration for, the execution of this
Indenture and the issue of the Securities.

     

    SECTION
114. Incorporation by Reference
of Trust Indenture Act

     

    .  Whenever
this Indenture refers to a provision of the TIA, the provision is incorporated
by reference in and made a part of this Indenture.

     

    The
following TIA terms used in this Indenture have the following
meanings:

     

    
      	
              (i)  

            	
              “indenture
      securities” means the Securities;

            

    

     

    
      	
              (ii)  

            	
              “indenture
      security Holder” means a Holder of a
Security;

            

    

     

    
      	
              (iii)  

            	
              “indenture
      to be qualified” means this
Indenture;

            

    

     

    
      	
              (iv)  

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

            

    

     

    
      	
              (v)  

            	
              “obligor”
      on the Securities means the Company and if applicable, the Guarantor in
      respect of the Securities and any successor obligor upon the
      Securities.

            

    

     

    All other
terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by SEC rule under the TIA have the
meanings so assigned to them.

     

    SECTION
115. Rules of
Construction

     

    .  Unless
the context otherwise requires:

     

    
      	
               
      

            	
              (I)

            	
              a
      term has the meaning assigned to
it;

            

    

     

    
      	
               
      

            	
              (II)

            	
              an
      accounting term not otherwise defined has the meaning assigned to it in
      accordance with GAAP;

            

    

     

    
      	
               
      

            	
              (III)

            	
              “or”
      is not exclusive;

            

    

     

    
      	
               
      

            	
              (IV)

            	
              words
      in the singular include the plural, and in the plural include the
      singular; and

            

    

     

    
      	
               
      

            	
              (V)

            	
              provisions
      apply to successive events and
transactions.

            

    

     

     

    ARTICLE
TWO                                           

     

    SECURITY
FORMS

    SECTION
201. Forms
Generally

     

    .  The
Registered Securities, if any, of each series and the Bearer Securities, if any,
of each series and related coupons the temporary global Securities of each
series, if any, and the permanent global Securities of each series, if any, and
the Guarantees, if any, to be endorsed thereon shall be in substantially the
forms as shall be established by, or pursuant to a Board Resolution or, subject
to Section 303, set forth in, or determined in the manner provided in, an
Officer’s Certificate pursuant to a Board Resolution of the Company or, in the
case of the Guarantees, the Guarantor, or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions
and other variations as are required or permitted by this Indenture, and may
have such letters, numbers or other marks of identification and such legends or
endorsements placed thereon as may be required to comply with the rules of any
securities exchange or as may, consistently herewith, be determined by the
officers of the Company or the Guarantor, as the case may be, executing such
Securities or coupons, as evidenced by their execution of the Securities or
coupons.  If the forms of Securities or coupons of any 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
Assistant Secretary of the Company, and delivered to the Trustee at or prior to
the delivery of the Company Order contemplated by Section 303 for the
authentication and delivery of such Securities or coupons.  Any
portion of the text of any Security may be set forth on the reverse thereof,
with an appropriate reference thereto on the face of the Security.

     

    Unless
otherwise specified as contemplated by Section 301, Securities in bearer form
shall have interest coupons attached.

     

    The
Trustee’s certificate of authentication on all Securities shall be in
substantially the form set forth in this Article.

     

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

     

    SECTION
202. Form of Trustee’s
Certificate of Authentication

     

    .  Subject
to Section 611, the Trustee’s certificate of authentication shall be in
substantially the following form:

     

    TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

     

    Dated:  ____________________

     

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

     

    
      	
               
      

            	
              The
      Bank of New York Trust Company,
N.A.,

            

    

     

    
      	
               
      

            	
              as
      Trustee

            

    

     

     

    By:                                                                           

    Authorized Officer

     

    SECTION
203. Securities Issuable in
Global Form

     

    .  If
Securities of or within a series are issuable in global form, as specified as
contemplated by Section 301, then, notwithstanding clause (8) of Section 301,
any such Security shall represent such of the Outstanding Securities of such
series as shall be specified therein and may provide that it shall represent the
aggregate amount of Outstanding Securities of such series from time to time
endorsed thereon and that the aggregate amount of Outstanding Securities of such
series represented thereby may from time to time be increased or decreased to
reflect exchanges.  Any endorsement of a Security in global form to
reflect the amount, or any increase or decrease in the amount, of Outstanding
Securities represented thereby shall be made by the Trustee in such manner and
upon instructions given by such Person or Persons as shall be specified therein
or in the Company Order to be delivered to the Trustee pursuant to Section 303
or Section 304.  Subject to the provisions of Section 303 and, if
applicable, Section 304, the Trustee shall deliver and redeliver any Security in
permanent global form in the manner and upon instructions given by the Person or
Persons specified therein or in the applicable Company Order.  If a
Company Order pursuant to Section 303 or Section 304 has been, or simultaneously
is, delivered, any instructions by the Company with respect to endorsement or
delivery or redelivery of a Security in global form shall be in writing but need
not comply with Section 102 and need not be accompanied by an Opinion of
Counsel.

     

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

     

    Notwithstanding
any provisions of Section 307 to the contrary, unless otherwise specified as
contemplated by Section 301, payment of principal of (and premium, if any) and
interest, if any, on any Security in permanent global form shall be made to the
Person or Persons specified therein.

     

    Notwithstanding
the provisions of Section 309 and except as provided in the preceding paragraph,
the Company, the Guarantor (if Guarantees are issued) the Trustee and any agent
of the Company, the Guarantor (if Guarantees are issued), and the Trustee shall
treat as the Holder of such principal amount of Outstanding Securities
represented by a permanent global Security (i), in the case of a permanent
global Security in registered form, the Holder of such permanent global Security
in registered form, or (ii) in the case of a permanent global Security in bearer
form, Euroclear or Clearstream.

     

     

    ARTICLE
THREE                                           

     

    THE
SECURITIES

    SECTION
301. Amount Unlimited; Issuable
in Series

     

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

     

    The
Securities may be issued in one or more series.  There shall be
established in one or more Board Resolutions or pursuant to authority granted by
one or more Board Resolutions and, subject to Section 303, set forth in, or
determined in the manner provided in, an Officer’s Certificate, or established
in one or more indentures supplemental hereto, prior to the issuance of
Securities of any series, any or all of the following, as applicable (each of
which (except for the matters set forth in clauses (1), (2) and (17) below), if
so provided, may be determined from time to time by the Company with respect to
unissued Securities of the series and set forth in such Securities of the series
when issued from time to time):

     

    (1) title of
the Securities of the series (which shall distinguish the Securities of the
series from all other series of Securities) and whether such Securities are
senior or subordinated;

     

    (2) any limit
upon the aggregate principal amount of the Securities of the series that may be
authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of the series pursuant to Section 304, 305,
306, 906, 1107 or 1305 and except for any Securities which, pursuant to Section
303, are deemed never to have been authenticated and delivered
hereunder);

     

    (3) the date
or dates, or the method by which such date or dates will be determined or
extended, 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, if any, or
the method by which such rate or rates shall be determined, the date or dates
from which any such interest shall accrue, or the method by which such date or
dates shall be determined, the Interest Payment Dates on which such interest
shall be payable, the right, if any, of the Company to defer or extend an
Interest Payment Date, and the Regular Record Date, if any, for the interest
payable on any Registered Security on any Interest Payment Date, or the method
by which such date or dates shall be determined, and the basis upon which
interest shall be calculated if other than on the basis of a 360-day year of
twelve 30-day months;

     

    (5) the place
or places, if any, other than or in addition to the Borough of Manhattan, The
City of New York, where the principal of (and premium, if any) and interest, if
any, on Securities of the series shall be payable (which in the case of Bearer
Securities shall be outside the United States), where any Registered Securities
of the series may be surrendered for registration of transfer, where Securities
of the series may be surrendered for exchange, where Securities of the series
that are convertible or exchangeable may be surrendered for conversion or
exchange, as applicable and, if different than the location specified in Section
106, the place or places where notices or demands to or upon the Company or, if
applicable, the Guarantor in respect of the Securities of the series and this
Indenture may be served;

     

    (6) the
period or periods within which, the price or prices at which, the Currency in
which, and other terms and conditions upon which Securities of the series may be
redeemed, in whole or in part, at the option of the Company or a Holder thereof,
if the Company or such Holder is to have that option;

     

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

     

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

     

    (9) if other
than the Trustee, the identity of each Security Registrar and/or Paying
Agent;

     

    (10) if other
than the principal amount thereof, the portion of the principal amount of
Securities of the series that shall be payable upon declaration of acceleration
of the Maturity thereof pursuant to Section 502, upon redemption of the
Securities of the series which are redeemable before their Stated Maturity, upon
surrender for repayment at the option of the Holder, or which the Trustee shall
be entitled to claim pursuant to Section 504 or the method by which such portion
shall be determined;

     

    (11) if other
than Dollar, the Currency or Currencies in which payment of the principal of (or
premium, if any) or interest, if any, on the Securities of the series shall be
made or in which the Securities of the series shall be denominated and the
particular provisions applicable thereto in accordance with, in addition to or
in lieu of any of the provisions of Section 312;

     

    (12) whether
the amount of payments of principal of (or premium, if any) or interest, if any,
on the Securities of the series may be determined with reference to an index,
formula or other method (which index, formula or method may be based, without
limitation, on one or more Currencies, commodities, equity indices or other
indices), and the manner in which such amounts shall be determined;

     

    (13) whether
the principal of (or premium, if any) or interest, if any, on the Securities of
the series are to be payable, at the election of the Company or a Holder
thereof, in a Currency other than that in which such Securities are denominated
or stated to be payable, the period or periods within which (including the
Election Date), and the terms and conditions upon which, such election may be
made, and the time and manner of determining the exchange rate between the
Currency in which such Securities are denominated or stated to be payable and
the Currency in which such Securities are to be so payable, in each case in
accordance with, in addition to or in lieu of any of the provisions of Section
312;

     

    (14) the
designation of the initial Exchange Rate Agent, if any, or any
depositaries;

     

    (15) if
Sections 1402 and/or 1403 are not applicable to the Securities of the series and
any provisions in modification of, in addition to or in lieu of any of the
provisions of Article Fourteen that shall be applicable to the Securities of the
series;

     

    (16) provisions,
if any, granting special rights to the Holders of Securities of the series upon
the occurrence of such events as may be specified;

     

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

     

    (18) whether
Securities of the series are to be issuable as Registered Securities, Bearer
Securities (with or without coupons) or both, any restrictions applicable to the
offer, sale or delivery of Bearer Securities, whether such Securities of any
series are to be issuable initially in temporary global form and whether any
Securities of the series are to be issuable in permanent global form with or
without coupons and, if so, whether beneficial owners of interests in any such
permanent global Security may exchange such interests for Securities of such
series and of like tenor of any authorized form and denomination and the
circumstances under which any such exchanges may occur, if other than in the
manner provided in Section 305, whether Registered Securities of the series may
be exchanged for Bearer Securities of the series (if permitted by applicable
laws and  regulations), and the circumstances under which and the
place or places where any such exchanges may be made and if Securities of the
series are to be issuable in global form, the identity of any initial depository
therefor;

     

    (19) the date
as of which any Bearer Securities of the series and any temporary global
Security representing Outstanding Securities shall be dated if other than the
date of original issuance of the first Security of the series to be
issued;

     

    (20) the
Person to whom any interest on any Registered Security of the series shall be
payable, if other than the Person in whose name that Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, the manner in which, or the Person to whom, any
interest on any Bearer Security of the series shall be payable, if otherwise
than upon presentation and surrender of the coupons appertaining thereto as they
severally mature, and the extent to which, or the manner in which, any interest
payable on a temporary global Security on an Interest Payment Date will be paid
if other than in the manner provided in Section 304; and the extent to which, or
the manner in which any interest payable on a permanent global Security on an
Interest Payment Date will be paid if other than in the manner provided in
Section 307;

     

    (21) if
Securities of the series are to be issuable in definitive form (whether upon
original issue or upon exchange of a temporary Security of such series) only
upon receipt of certain certificates or other documents or satisfaction of other
conditions, then the form and/or terms of such certificates, documents or
conditions;

     

    (22) if the
Securities of the series are to be issued upon the exercise of warrants, the
time, manner and place for such Securities to be authenticated and
delivered;

     

    (23) whether,
under what circumstances and the Currency in which the Company will pay
Additional Amounts as contemplated by Section 1011 on the Securities of the
series to any Holder who is not a United States person (including any
modification to the definition of such term) in respect of any tax, assessment
or governmental charge and, if so, whether the Company will have the option to
redeem such Securities rather than pay such Additional Amounts (and the terms of
any such option);

     

    (24) if the
Securities of the series are to be convertible into or exchangeable for any
securities of any Person (including the Company), the terms and conditions upon
which such Securities will be so convertible or exchangeable;

     

    (25) whether
the Securities of the series are subject to subordination and, if so, the terms
of such subordination; and

     

    (26) if
Securities of the series are not to be guaranteed by the Guarantor and any
modification of the terms of the Guarantees as set forth in Article
Sixteen;

     

    (27) any other
terms, conditions, rights and preferences (or limitations on such rights and
preferences) relating to the series (which terms shall not be inconsistent with
the requirements of the Trust Indenture Act or the provisions of this
Indenture).

     

    All
Securities of any one series and the coupons appertaining to any Bearer
Securities of such series shall be substantially identical except, in the case
of Registered Securities, as to denomination and except as may otherwise be
provided in or pursuant to such Board Resolution or pursuant to authority
granted by one or more Board Resolutions (subject to Section 303) and set forth
in such Officer’s Certificate or in any such indenture supplemental
hereto.  Not all Securities of any one series need be issued at the
same time, and, unless otherwise provided, a series may be reopened, without the
consent of the Holders, for issuances of additional Securities of such
series.

     

    If any of
the terms of the Securities of any series are established by action taken
pursuant to one or more Board Resolutions or pursuant to authority granted by
one or more Board Resolutions, such Board Resolutions shall be delivered to the
Trustee at or prior to the issuance of the first Security of such
series.

     

    SECTION
302. Denominations

     

    .  The
Securities of each series shall be issuable in such denominations as shall be
specified as contemplated by Section 301.  With respect to Securities
of any series denominated in Dollars, in the absence of any such provisions with
respect to the Securities of such series, the Registered Securities of such
series, other than Registered Securities issued in global form (which may be of
any denomination), shall be issuable in denominations of $1,000 and any integral
multiple thereof and the Bearer Securities of such series, other than the Bearer
Securities issued in global form (which may be of any denomination), shall be
issuable in the denomination of $5,000.

     

    SECTION
303. Execution, Authentication,
Delivery and Dating

     

    .  The
Securities and any coupons appertaining thereto shall be executed on behalf of
the Company by its Chairman, its President or a Vice President, under its
corporate seal affixed thereto or reproduced thereon attested by its Secretary
or an Assistant Secretary.  The signature of any of these officers on
the Securities or coupons may be the manual or facsimile signatures of the
present or any future such authorized officer and may be imprinted or otherwise
reproduced on the Securities.

     

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

     

    At any
time and from time to time after the execution and delivery of this Indenture,
the Company may deliver Securities of any series together with any coupons
appertaining thereto, executed by the Company and (if Securities of such series
were specified as contemplated by Section 301 to be guaranteed by the Guarantor)
having endorsed thereon Guarantees duly executed by the Guarantor, to the
Trustee for authentication, together with a Company Order for the authentication
and delivery of such Securities, and the Trustee in accordance with such Company
Order shall authenticate and deliver such Securities; provided, however, that, in
connection with its original issuance, no Bearer Security shall be mailed or
otherwise delivered to any location in the United States; and provided further that, unless
otherwise specified with respect to any series of Securities pursuant to Section
301, a Bearer Security may be delivered in connection with its original issuance
only if the Person entitled to receive such Bearer Security shall have furnished
a certificate in the form set forth in Exhibit A-1 to this Indenture, dated no
earlier than 15 days prior to the earlier of the date on which such Bearer
Security is delivered and the date on which any temporary Security first becomes
exchangeable for such Bearer Security in accordance with the terms of such
temporary Security and this Indenture.  If any Security shall be
represented by a permanent global Bearer Security, then, for purposes of this
Section and Section 304, the notation of a beneficial owner’s interest therein
upon original issuance of such Security or upon exchange of a portion of a
temporary global Security shall be deemed to be delivery in connection with its
original issuance of such beneficial owner’s interest in such permanent global
Security.  Except as permitted by Section 306, the Trustee shall not
authenticate and deliver any Bearer Security unless all appurtenant coupons for
interest then matured have been detached and cancelled.  If not all
the Securities of any series are to be issued at one time and if the Board
Resolution, Officer’s Certificate pursuant to a Board Resolution, or
supplemental indenture establishing such series shall so permit, such Company
Order may set forth procedures acceptable to the Trustee for the issuance of
such Securities and determining terms of particular Securities of such series
such as interest rate, maturity, date of issuance and date from which interest
shall accrue.

     

    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 shall be fully protected in relying upon, an Opinion of
Counsel stating in effect (subject to customary exceptions):

     

    (a) that the
form or forms of such Securities and any such Guarantees to be endorsed thereon
and any coupons have been established in conformity with the provisions of this
Indenture;

     

    (b) that the
terms of such Securities and any coupons have been established in conformity
with the provisions of this Indenture;

     

    (c) that such
Securities, together with any Guarantees endorsed thereon and any coupons
appertaining thereto, when completed by appropriate insertions and executed and
delivered by the Company to the Trustee for authentication in accordance with
this Indenture, authenticated and delivered by the Trustee in accordance with
this Indenture and issued by the Company in the manner and subject to any
conditions specified in such Opinion of Counsel, will be the legal, valid and
binding obligations of the Company and the Guarantor, respectively, enforceable
in accordance with their terms, subject to the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium and other similar laws
affecting creditors’ rights generally (including without limitation on all laws
relating to fraudulent transfers), to general principles of equity;

     

    (d) that all
laws and requirements in respect of the execution and delivery by the Company
and the Guarantor as applicable, of such Securities, Guarantees, any coupons and
of the supplemental indentures, if any, have been complied with and that
authentication and delivery of such Securities and any coupons and the execution
and delivery of the supplemental indenture, if any, by the Trustee will not
violate the terms of the Indenture;

     

    (e) that the
Company has the corporate power to issue such Securities and any coupons, and
has duly taken all necessary corporate action with respect to such
issuance;

     

    (f) that the
Guarantor has the corporate power to issue such Guarantees, and has taken all
necessary corporate action with respect to such issuance; and

     

    (g) that the
issuance of such Securities, Guarantees and any coupons will not contravene the
articles of incorporation or by-laws of the Company or the Guarantor, as
applicable, or result in any violation of any of the terms or provisions of any
law or regulation or of any indenture, mortgage or other agreement known to such
Counsel by which the Company or the Guarantor, as applicable, is
bound.

     

    Notwithstanding
the provisions of Section 301 and of the preceding two paragraphs, if not all
the Securities of any series are to be issued at one time, it shall not be
necessary to deliver the Officer’s Certificate otherwise required pursuant to
Section 301 or the Company Order and Opinion of Counsel otherwise required
pursuant to the preceding two paragraphs prior to or at the time of issuance of
each Security, but such documents shall be delivered prior to or at the time of
issuance of the first Security of such series.

     

    The
Trustee shall not be required to authenticate and deliver any 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.

     

    Each
Registered Security shall be dated the date of its authentication and each
Bearer Security shall be dated as of the date specified as contemplated by
Section 301.

     

    No
Security, no Guarantee endorsed thereon or coupon shall be entitled to any
benefit under this Indenture or be valid or obligatory for any purpose unless
there appears on such Security a certificate of authentication substantially in
the form provided for herein duly executed by the Trustee by manual signature of
an authorized officer, and such certificate upon any Security shall be
conclusive evidence, and the only evidence, that such Security has been duly
authenticated and delivered hereunder and is entitled to the benefits of this
Indenture.  The delivery of any Security by the Trustee after the
authentication thereof shall constitute due delivery of any Guarantee endorsed
thereon on behalf of the Guarantor.

     

    Notwithstanding
the foregoing, if any Security shall have been authenticated and delivered
hereunder but never issued and sold by the Company, and the Company shall
deliver such Security to the Trustee for cancellation as provided in Section 310
together with a written statement (which need not comply with Section 102 and
need not be accompanied by an Opinion of Counsel) stating that such Security has
never been issued and sold by the Company, for all purposes of this Indenture
such Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this
Indenture.

     

    SECTION
304. Temporary
Securities

     

    .  Pending
the preparation of definitive Securities of any series, the Company may execute,
and upon Company Order the Trustee shall authenticate and deliver, temporary
Securities which are printed, lithographed, typewritten, mimeographed or
otherwise produced, in any authorized denomination, substantially of the tenor
of the definitive Securities in lieu of which they are issued and, if
applicable, having endorsed thereon Guarantees duly executed by the Guarantor
substantially of the tenor of the definitive Guarantees, in registered form or,
if authorized, in bearer form with one or more coupons or without coupons, and
with such appropriate insertions, omissions, substitutions and other variations
as conclusively the officers executing such Securities, Guarantees or coupons
may determine, as conclusively evidenced by their execution of such Securities,
Guarantees or coupons, as the case may be.  Such temporary Securities
may be in global form.

     

    Except in
the case of temporary Securities in global form (which shall be exchanged in
accordance with the provisions of the following paragraphs), if temporary
Securities of any series are issued, the Company will cause definitive
Securities of that series to be prepared without unreasonable
delay.  After the preparation of definitive Securities of such series,
the temporary Securities of such series shall be exchangeable for definitive
Securities of such series upon surrender of the temporary Securities of such
series at the office or agency of the Company in a Place of Payment for that
series, without charge to the Holder.  Upon surrender for cancellation
of any one or more temporary Securities of any series (accompanied by any
unmatured coupons appertaining thereto), the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a like principal
amount of definitive Securities of the same series and of like tenor of
authorized denominations having, if applicable, endorsed thereon Guarantees duly
executed by the Guarantor; provided, however, that no
definitive Bearer Security shall be delivered in exchange for a temporary
Registered Security; and provided further that a
definitive Bearer Security shall be delivered in exchange for a temporary Bearer
Security only in compliance with the conditions set forth in Section
303.  Until so exchanged the temporary Securities of any series shall
in all respects be entitled to the same benefits under this Indenture as
definitive Securities of such series.

     

    If
temporary Securities of any series are issued in global form, any such temporary
global Security shall, unless otherwise provided therein, be delivered to the
London office of a depositary or common depositary (the “Common Depositary”),
for the benefit of Euroclear and Clearstream, for credit to the respective
accounts of the beneficial owners of such Securities (or to such other accounts
as they may direct).

     

    Without
unnecessary delay but in any event not later than the date specified in, or
determined pursuant to the terms of, any such temporary global Security (the
“Exchange Date”), the Company shall deliver to the Trustee definitive
Securities, in aggregate principal amount equal to the principal amount of such
temporary global Security and having, if applicable, endorsed thereon Guarantees
duly executed by the Guarantor, executed by the Company.  On or after
the Exchange Date such temporary global Security shall be surrendered by the
Common Depositary to the Trustee, as the Company’s agent for such purpose, to be
exchanged, in whole or from time to time in part, for definitive Securities
without charge and the Trustee shall authenticate and deliver, in exchange for
each portion of such temporary global Security, an equal aggregate principal
amount of definitive Securities of the same series of authorized denominations
and of like tenor as the portion of such temporary global Security to be
exchanged and, if applicable, having endorsed thereon Guarantees duly executed
by the Guarantor.  The definitive Securities to be delivered in
exchange for any such temporary global Security shall be in bearer form,
registered form, permanent global bearer form or permanent global registered
form, or any combination thereof, as specified as contemplated by Section 301,
and, if any combination thereof is so specified, as requested by the beneficial
owner thereof; provided, however, that,
unless otherwise specified in such temporary global Security, upon such
presentation by the Common Depositary, such temporary global Security is
accompanied by a certificate dated the Exchange Date or a subsequent date and
signed by Euroclear as to the portion of such temporary global Security held for
its account then to be exchanged and a certificate dated the Exchange Date or a
subsequent date and signed by Clearstream as to the portion of such temporary
global Security held for its account then to be exchanged, each in the form set
forth in Exhibit A-2 to this Indenture (or in such other form as may be
established pursuant to Section 301); and provided further that
definitive Bearer Securities shall be delivered in exchange for a portion of a
temporary global Security only in compliance with the requirements of Section
303.

     

    Unless
otherwise specified in such temporary global Security, the interest of a
beneficial owner of Securities of a series in a temporary global Security shall
be exchanged for definitive Securities of the same series and of like tenor and,
if applicable, having endorsed thereon Guarantees duly executed by the Guarantor
following the Exchange Date when the account holder instructs Euroclear or
Clearstream, as the case may be, to request such exchange on his behalf and
delivers to Euroclear or Clearstream, as the case may be, a certificate in the
form set forth in Exhibit A-1 to this Indenture (or in such other form as may be
established pursuant to Section 301), dated no earlier than 15 days prior to the
Exchange Date, copies of which certificate shall be available from the offices
of Euroclear and Clearstream, the Trustee, any Authenticating Agent appointed
for such series of Securities and each Paying Agent.  Unless otherwise
specified in such temporary global Security, any such exchange shall be made
free of charge to the beneficial owners of such temporary global Security,
except that a Person receiving definitive Securities must bear the cost of
insurance, postage, transportation and the like in the event that such Person
does not take delivery of such definitive Securities in person at the offices of
Euroclear or Clearstream.  Definitive Securities in bearer form to be
delivered in exchange for any portion of a temporary global Security shall be
delivered only outside the United States.

     

    Until
exchanged in full as hereinabove provided, the temporary Securities of any
series shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities of the same series and of like tenor
authenticated and delivered hereunder, except that, unless otherwise specified
as contemplated by Section 301, interest payable on a temporary global Security
on an Interest Payment Date for Securities of such series occurring prior to the
applicable Exchange Date shall be payable to Euroclear and Clearstream on such
Interest Payment Date upon delivery by Euroclear and Clearstream to the Trustee
or the applicable Paying Agent of a certificate or certificates in the form set
forth in Exhibit A-2 to this Indenture (or in such other form as may be
established pursuant to Section 301), for credit without further interest
thereon on or after such Interest Payment Date to the respective accounts of the
Persons who are the beneficial owners of such temporary global Security on such
Interest Payment Date and who have each delivered to Euroclear or Clearstream,
as the case may be, a certificate dated no earlier than 15 days prior to the
Interest Payment Date occurring prior to such Exchange Date in the form set
forth in Exhibit A-1 to this Indenture (or in such other form as may be
established pursuant to Section 301).  Notwithstanding anything to the
contrary herein contained, the certifications made pursuant to this paragraph
shall satisfy the certification requirements of the preceding two paragraphs of
this Section and of the third paragraph of Section 303 of this Indenture and the
interests of the Persons who are the beneficial owners of the temporary global
Security with respect to which such certification was made will be exchanged for
definitive Securities of the same series and of like tenor and, if applicable,
having endorsed thereon Guarantees duly executed by the Guarantor on the
Exchange Date or the date of certification if such date occurs after the
Exchange Date, without further act or deed by such beneficial
owners.  Except as otherwise provided in this paragraph, no payments
of principal (or premium, if any) or interest, if any, owing with respect to a
beneficial interest in a temporary global Security will be made unless and until
such interest in such temporary global Security shall have been exchanged for an
interest in a definitive Security.  Any interest so received by
Euroclear and Clearstream and not paid as herein provided shall be returned to
the Trustee or the applicable Paying Agent immediately prior to the expiration
of two years after such Interest Payment Date in order to be repaid to the
Company in accordance with (but otherwise subject to) Section 1003.

     

    SECTION
305. Registration, Registration
of Transfer and Exchange

     

    .  The
Company or the Trustee shall cause to be kept at the Corporate Trust Office of
the Trustee a register for each series of Securities (the registers maintained
in the Corporate Trust Office of the Trustee and in any other office or agency
of the Company in a Place of Payment being herein sometimes collectively
referred to as the “Security Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration
of Registered Securities and of transfers of Registered Securities; provided, however, that there
shall be only one Security Register per series of Securities.  The
Security Register shall be in written form or any other form capable of being
converted into written form within a reasonable time.  At all
reasonable times, the Security Register shall be open to inspection by the
Trustee.  The Trustee is hereby initially appointed as security
registrar (the “Security Registrar”) for the purpose of registering Registered
Securities and transfers of Registered Securities as herein provided and for
facilitating exchanges of temporary global Securities for permanent global
Securities or definitive Securities, or both, or of permanent global Securities
for definitive Securities, as herein provided.

     

    Upon
surrender for registration of transfer of any Registered Security of any series
at the office or agency in a Place of Payment for that series, the Company shall
execute, and the Trustee shall authenticate and deliver, in the name of the
designated transferee, one or more new Registered Securities of the same series,
of any authorized denominations and of a like aggregate principal amount and
tenor and, if applicable, having endorsed thereon Guarantees duly executed by
the Guarantor.

     

    At the
option of the Holder, Registered Securities of any series may be exchanged for
other Registered Securities of the same series, of any authorized denomination
and of a like aggregate principal amount, upon surrender of the Registered
Securities to be exchanged at such office or agency.  Whenever any
Registered Securities are so surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the Registered
Securities which the Holder making the exchange is entitled to receive, having,
if applicable, endorsed thereon Guarantees duly executed by the
Guarantor.  Unless otherwise specified with respect to any series of
Securities as contemplated by Section 301, Bearer Securities may not be issued
in exchange for Registered Securities.

     

    If (but
only if) expressly permitted in or pursuant to the applicable Board Resolution
and (subject to Section 303) set forth in the applicable Officer’s Certificate,
or in any indenture supplemental hereto, delivered as contemplated by Section
301, at the option of the Holder, Bearer Securities of any series may be
exchanged for Registered Securities of the same series of any authorized
denomination and of a like aggregate principal amount and tenor, upon surrender
of the Bearer Securities to be exchanged at any such office or agency, with all
unmatured coupons and all matured coupons in default thereto
appertaining.  If the Holder of a Bearer Security is unable to produce
any such unmatured coupon or coupons or matured coupon or coupons in default,
any such permitted exchange may be effected if the Bearer Securities are
accompanied by payment in funds acceptable to the Company in an amount equal to
the face amount of such missing coupon or coupons, or the surrender of such
missing coupon or coupons may be waived by the Company and the Trustee if there
is furnished to them such security or indemnity as they may require to save each
of them and any Paying Agent harmless.  If thereafter the Holder of
such Security shall surrender to any Paying Agent any such missing coupon in
respect of which such a payment shall have been made, such Holder shall be
entitled to receive the amount of such payment; provided, however, that,
except as otherwise provided in Section 1002, interest represented by coupons
shall be payable only upon presentation and surrender of those coupons at an
office or agency located outside the United States.  Notwithstanding
the foregoing, in case a Bearer Security of any series is surrendered at any
such office or agency in a permitted exchange for a Registered Security of the
same series and like tenor after the close of business at such office or agency
on (i) any Regular Record Date and before the opening of business at such office
or agency on the relevant Interest Payment Date, or (ii) any Special Record Date
and before the opening of business at such office or agency on the related
proposed date for payment of Defaulted Interest, such Bearer Security shall be
surrendered without the coupon relating to such Interest Payment Date or
proposed date for payment, as the case may be, and interest or Defaulted
Interest, as the case may be, will not be payable on such Interest Payment Date
or proposed date for payment, as the case may be, in respect of the Registered
Security issued in exchange for such Bearer Security, but will be payable only
to the Holder of such coupon when due in accordance with the provisions of this
Indenture.

     

    Whenever
any Securities are so surrendered for exchange, the Company shall execute, and
the Trustee shall authenticate and deliver, the Securities that the Holder
making the exchange is entitled to receive having, if applicable, endorsed
thereon Guarantees duly executed by the Guarantor.

     

    Notwithstanding
the foregoing, except as otherwise specified as contemplated by Section 301, any
permanent global Security shall be exchangeable only as provided in this
paragraph.  If any beneficial owner of an interest in a permanent
global Security is entitled to exchange such interest for Securities of such
series and of like tenor and principal amount of another authorized form and
denomination, as specified as contemplated by Section 301 and provided that any
applicable notice provided in the permanent global Security shall have been
given, then without unnecessary delay but in any event not later than the
earliest date on which such interest may be so exchanged, the Company shall
deliver to the Trustee definitive Securities of that series in aggregate
principal amount equal to the principal amount of such beneficial owner’s
interest in such permanent global Security, executed by the Company and if
applicable, having, endorsed thereon Guarantees duly executed by the
Guarantor.  On or after the earliest date on which such interests may
be so exchanged, such permanent global Security shall be surrendered by the
Common Depositary or such other depositary as shall be specified in the Company
Order with respect thereto to the Trustee, as the Company’s agent for such
purpose, to be exchanged, in whole or from time to time in part, for definitive
Securities without charge, and the Trustee shall authenticate and deliver, in
exchange for each portion of such permanent global Security, an equal aggregate
principal amount of definitive Securities of the same series of authorized
denominations and of like tenor and, if applicable, having endorsed thereon
Guarantees duly executed by the Guarantor as the portion of such permanent
global Security to be exchanged which, unless the Securities of the series are
not issuable both as Bearer Securities and as Registered Securities, as
specified as contemplated by Section 301, shall be in the form of Bearer
Securities or Registered Securities, or any combination thereof, as shall be
specified by the beneficial owner thereof; provided, however, that no
such exchanges may occur during a period beginning at the opening of business 15
days before any selection of Securities to be redeemed and ending on the
relevant Redemption Date if the Security for which exchange is requested may be
among those selected for redemption; and provided, further, that no Bearer
Security delivered in exchange for a portion of a permanent global Security
shall be mailed or otherwise delivered to any location in the United
States.  If a Registered Security is issued in exchange for any
portion of a permanent global Security after the close of business at the office
or agency where such exchange occurs on (i) any Regular Record Date and before
the opening of business at such office or agency on the relevant Interest
Payment Date, or (ii) any Special Record Date and before the opening of business
at such office or agency on the related proposed date for payment of Defaulted
Interest, interest or Defaulted Interest, as the case may be, will not be
payable on such Interest Payment Date or proposed date for payment, as the case
may be, in respect of such Registered Security, but will be payable on such
Interest Payment Date or proposed date for payment, as the case may be, only to
the Person to whom interest in respect of such portion of such permanent global
Security is payable in accordance with the provisions of this
Indenture.

     

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

     

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

     

    No
service charge shall be made for any registration of transfer or exchange of
Securities, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any
registration of transfer or exchange of Securities, other than exchanges
pursuant to Section 304, 906, 1107 or 1305 not involving any
transfer.

     

    If at any
time the Depositary for any permanent global Registered Securities of any series
notifies the Company that it is unwilling or unable to continue as Depositary
for such permanent global Registered Securities or if at any time the Depositary
for such permanent global Registered Securities shall no longer be eligible
under applicable law, the Company shall appoint a successor Depositary eligible
under applicable law with respect to such permanent global Registered
Securities.  If a successor Depositary eligible under applicable law
for such Registered Global Securities is not appointed by the Company within 90
days after the Company receives such notice or becomes aware of such
ineligibility, the Company will execute, and the Trustee, upon receipt of the
Company’s order for the authentication and delivery of definitive Registered
Securities of such series and tenor, will authenticate and deliver such
definitive Registered Securities of such series and tenor, in any authorized
denominations, in an aggregate principal amount equal to the principal amount of
such permanent global Registered Securities, in exchange for such permanent
global Registered Securities.

     

    The
Company may at any time and in its sole discretion determine that any permanent
global Registered Securities of any series shall no longer be maintained in
global form.  In such event the Company will execute, and the Trustee,
upon receipt of the Company’s order for the authentication and delivery of
definitive Registered Securities of such series and tenor, will authenticate and
deliver, definitive Registered Securities of such series and tenor in any
authorized denominations, in an aggregate principal amount equal to the
principal amount of such permanent global Registered Securities, in exchange for
such permanent global Registered Securities.

     

    The
Company shall not be required (i) to issue, register the transfer of or exchange
Securities of any series during a period beginning at the opening of business 15
days before the day of the selection for redemption of Securities of that series
under Section 1103 or 1203 and ending at the close of business on (A) if
Securities of the series are issuable only as Registered Securities, the day of
the mailing of the relevant notice of redemption and (B) if Securities of the
series are issuable as Bearer Securities, the day of the first publication of
the relevant notice of redemption or, if Securities of the series are also
issuable as Registered Securities and there is no publication, the mailing of
the relevant notice of redemption, or (ii) to register the transfer of or
exchange any Registered Security so selected for redemption in whole or in part,
except the unredeemed portion of any Security being redeemed in part, or (iii)
to exchange any Bearer Security so selected for redemption except that such a
Bearer Security may be exchanged for a Registered Security of that series and
like tenor; provided that such Registered Security shall be simultaneously
surrendered for redemption, or (iv) to issue, register the transfer of or
exchange any Security which has been surrendered for repayment at the option of
the Holder, except the portion, if any, of such Security not to be so
repaid.

     

    The
Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer that may be imposed under this
Indenture with respect to the Securities of any series pursuant to the terms
thereof established as contemplated by Section 301 or under applicable law with
respect to any transfer of any interest in any such Security (including any
transfers between or among any depositary (including any Depositary or Common
Depositary), or its nominee, as a Holder of a Security issued in global form,
any participants in such depositary or owners or holders of beneficial interests
in any such global Security) other than to require delivery of such certificates
and other documentation or evidence as are expressly required by, and to do so
if and when expressly required by, the terms of such Securities if and as may be
so established in respect of such Securities, and to examine the same to
determine substantial compliance as to form with the express requirements
thereof.

     

    SECTION
306. Mutilated, Destroyed, Lost
and Stolen Securities

     

    .  If
any mutilated Security or a Security with a mutilated coupon appertaining to it
is surrendered to the Trustee, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a new Security of the same series
and of like tenor and principal amount and bearing a number not
contemporaneously Outstanding, and having, if applicable, endorsed thereon
Guarantees duly executed by the Guarantor, with coupons corresponding to the
coupons, if any, appertaining to the surrendered Security, or, in case any such
mutilated Security or coupon has become or is about to become due and payable,
the Company in its discretion may, instead of issuing a new Security, with
coupons corresponding to the coupons, if any, appertaining to the surrendered
Security, pay such Security or coupon.

     

    If there
shall be delivered to the Company, the Guarantor (if related Guarantees are
issued) and to the Trustee (i) evidence to their satisfaction of the
destruction, loss or theft of any Security or coupon and (ii) such security or
indemnity as may be required by them to save each of them and any agent of
either of them harmless, then, in the absence of notice to the Company, the
Guarantor or the Trustee that such Security or coupon has been acquired by a
bona fide purchaser, the Company shall execute and upon Company Order the
Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or
stolen Security or in exchange for the Security to which a destroyed, lost or
stolen coupon appertains (with all appurtenant coupons not destroyed, lost or
stolen), a new Security of the same series and of like tenor and principal
amount and bearing a number not contemporaneously Outstanding, and having, if
applicable, endorsed thereon Guarantees duly executed by the Guarantor, with
coupons corresponding to the coupons, if any, appertaining to such destroyed,
lost or stolen Security or to the Security to which such destroyed, lost or
stolen coupon appertains.

     

    Notwithstanding
the provisions of the previous two paragraphs, in case any such mutilated,
destroyed, lost or stolen Security or coupon has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new
Security, with coupons corresponding to the coupons, if any, appertaining to
such mutilated, destroyed, lost or stolen Security or to the Security to which
such mutilated, destroyed, lost or stolen coupon appertains, pay such Security
or coupon; provided, however, that
payment of principal of (and premium, if any) and interest, if any, on Bearer
Securities shall, except as otherwise provided in Section 1002, be payable only
at an office or agency located outside the United States and, unless otherwise
specified as contemplated by Section 301, any interest on Bearer Securities
shall be payable only upon presentation and surrender of the coupons
appertaining thereto.

     

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

     

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

     

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

     

    SECTION
307. Payment of Interest;
Interest Rights Preserved; Optional Interest Reset

     

    .  (a)  Unless
otherwise provided as contemplated by Section 301 with respect to any series of
Securities, interest, if any, on any Registered Security which is payable, and
is punctually paid or duly provided for, on any Interest Payment Date shall be
paid to the Person in whose name such Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest at the office or agency of the Company maintained for such
purpose pursuant to Section 1002; provided, however, that each
installment of interest, if any, on any Registered Security may at the Company’s
option be paid by (i) mailing a check for such interest, payable to or upon the
written order of the Person entitled thereto pursuant to Section 309, to the
address of such Person as it appears on the Security Register or (ii) transfer
to an account located in the United States maintained by the payee.

     

    Unless
otherwise provided as contemplated by Section 301 with respect to the Securities
of any series, payment of interest, if any, may be made, in the case of a Bearer
Security, by transfer to an account located outside the United States maintained
by the payee.

     

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

     

    (1) The
Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Registered Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest, which shall be fixed in
the following manner.  The Company shall notify the Trustee in writing
of the amount of Defaulted Interest proposed to be paid on each Registered
Security of such series and the date of the proposed payment, and at the same
time the Company shall deposit with the Trustee an amount of money in the
Currency in which the Securities of such series are payable (except as otherwise
specified pursuant to Section 301 for the Securities of such series and except,
if applicable, as provided in Sections 312(b), 312(d) and 312(e)) equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or
shall make arrangements satisfactory to the Trustee for such deposit on or prior
to the date of the proposed payment, such money when 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 that shall be not more
than 15 days and not less than 10 days prior to the date of the proposed payment
and not less than 10 days after the receipt by the Trustee of the notice of the
proposed payment.  The Trustee shall promptly notify the Company of
such Special Record Date and, in the name and at the expense of the Company,
shall cause notice of the proposed payment of such Defaulted Interest and the
Special Record Date therefor to be given in the manner provided in Section 106,
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 so given, such Defaulted Interest shall be paid to the
Persons in whose name the Registered Securities of such series (or their
respective Predecessor Securities) are registered at the close of business on
such Special Record Date and shall no longer be payable pursuant to the
following clause (2).

     

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

     

    (b) The
provisions of this Section 307(b) may be made applicable to any series of
Securities pursuant to Section 301 (with such modifications, additions or
substitutions as may be specified pursuant to such Section 301).  The
interest rate (or the spread or spread multiplier used to calculate such
interest rate, if applicable) on any Security of such series may be reset by the
Company on the date or dates specified on the face of such Security (each an
“Optional Reset Date”).  The Company may exercise such option with
respect to such Security by notifying the Trustee of such exercise at least 50
but not more than 60 days prior to an Optional Reset Date for such
Security.  Not later than 40 days prior to each Optional Reset Date,
the Trustee shall transmit, in the manner provided for in Section 106, to the
Holder of any such Security a notice (the “Reset Notice”) indicating whether the
Company has elected to reset the interest rate (or the spread or spread
multiplier used to calculate such interest rate, if applicable), and if so (i)
such new interest rate (or such new spread or spread multiplier, if applicable)
and (ii) the provisions, if any, for redemption during the period from such
Optional Reset Date to the next Optional Reset Date or if there is no such next
Optional Reset Date, to the date of Maturity of such Security (each such period
a “Subsequent Interest Period”), including the date or dates on which or the
period or periods during which and the price or prices at which such redemption
may occur during the Subsequent Interest Period.

     

    Notwithstanding
the foregoing, not later than 20 days prior to the Optional Reset Date, the
Company may, at its option, revoke the interest rate (or the spread or spread
multiplier used to calculate such interest rate, if applicable) provided for in
the Reset Notice and establish an interest rate (or a spread or spread
multiplier used to calculate such interest rate, if applicable) that is higher
than the interest rate (or the spread or spread multiplier, if applicable)
provided for in the Reset Notice, for the Subsequent Interest Period by causing
the Trustee to transmit, in the manner provided for in Section 106, notice of
such higher interest rate (or such higher spread or spread multiplier, if
applicable) to the Holder of such Security.  Such notice shall be
irrevocable.  All Securities with respect to which the interest rate
(or the spread or spread multiplier used to calculate such interest rate, if
applicable) is reset on an Optional Reset Date, and with respect to which the
Holders of such Securities have not tendered such Securities for repayment (or
have validly revoked any such tender) pursuant to the next succeeding paragraph,
will bear such higher interest rate (or such higher spread or spread multiplier,
if applicable).

     

    The
Holder of any such Security will have the option to elect repayment by the
Company of the principal of such Security on each Optional Reset Date at a price
equal to the principal amount thereof plus interest accrued to such Optional
Reset Date.  In order to obtain repayment on an Optional Reset Date,
the Holder must follow the procedures set forth in Article Thirteen for
repayment at the option of Holders except that the period for delivery or
notification to the Trustee shall be at least 25 but not more than 35 days prior
to such Optional Reset Date and except that, if the Holder has tendered any
Security for repayment pursuant to the Reset Notice, the Holder may, by written
notice to the Trustee, revoke such tender or repayment until the close of
business on the tenth day before such Optional Reset Date.

     

    Subject
to the foregoing provisions of this Section and Section 305, each Security
delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Security shall carry the rights to interest accrued
and unpaid, and to accrue, which were carried by such other
Security.

     

    SECTION
308. Optional Extension of
Maturity

     

    .  The
provisions of this Section 308 may be made applicable to any series of
Securities pursuant to Section 301 (with such modifications, additions or
substitutions as may be specified pursuant to such Section 301).  The
Maturity of any Security of such series may be extended at the option of the
Company for the period or periods specified on the face of such Security (each
an “Extension Period”) up to but not beyond the final maturity date of Maturity
as set forth on the face of such Security (the “Stated
Maturity”).  The Company may exercise such option with respect to any
Security by notifying the Trustee of such exercise at least 50 but not more than
60 days prior to the Maturity of such Security in effect prior to the
exercise of such option.  If the Company exercises such option, the
Trustee shall transmit, in the manner provided for in Section 106, to the Holder
of such Security not later than 40 days prior to the Maturity a notice (the
“Extension Notice”) indicating (i) the election of the Company to extend the
Maturity, (ii) the new Maturity, (iii) the interest rate, if any, applicable to
the Extension Period and (iv) the provisions, if any, for redemption during such
Extension Period.  Upon the Trustee’s transmittal of the Extension
Notice, the Maturity of such Security shall be extended automatically and,
except as modified by the Extension Notice and as described in the next
paragraph, such Security will have the same terms as prior to the transmittal of
such Extension Notice.

     

    Notwithstanding
the foregoing, not later than 20 days before the Maturity of such Security, the
Company may, at its option, revoke the interest rate provided for in the
Extension Notice and establish a higher interest rate for the Extension Period
by causing the Trustee to transmit, in the manner provided for in Section 106,
notice of such higher interest rate to the Holder of such
Security.  Such notice shall be irrevocable.  All Securities
with respect to which the Maturity is extended will bear such higher interest
rate.

     

    If the
Company extends the Maturity of any Security, the Holder will have the option to
elect repayment of such Security by the Company at Maturity at a price equal to
the principal amount thereof, plus interest accrued to such date.  In
order to obtain repayment at Maturity once the Company has extended the Maturity
thereof, the Holder must follow the procedures set forth in Article Thirteen for
repayment at the option of Holders, except that the period for delivery or
notification to the Trustee shall be at least 25 but not more than 35 days prior
to the Maturity and except that, if the Holder has tendered any Security for
repayment pursuant to an Extension Notice, the Holder may by written notice to
the Trustee revoke such tender for repayment until the close of business on the
tenth day before the Maturity.

     

    SECTION
309. Persons Deemed
Owners

     

    .  Prior
to due presentment of a Registered Security for registration of transfer, the
Company, the Guarantor (if the Guarantee is endorsed on such Registered
Security), the Trustee and any agent of the Company, the Guarantor (if the
Guarantee is endorsed on such Registered Security), or the Trustee may treat the
Person in whose name such Registered Security is registered as the absolute
owner of such Registered Security for the purpose of receiving payment of
principal of (and premium, if any) and (subject to Sections 305 and 307)
interest, if any, on such Security and for all other purposes whatsoever,
whether or not such Security be overdue, and none of the Company, the Guarantor
(if a Guarantee is endorsed on such Registered Security), the Trustee or any
agent of the Company, the Guarantor (if a Guarantee is endorsed on such
Registered Security), or the Trustee shall be affected by notice to the
contrary.

     

    Title to
any Bearer Security and any coupons appertaining thereto shall pass by
delivery.  The Company, the Guarantor (if a Guarantee is endorsed on
such Bearer Security), the Trustee and any agent of the Company, the Guarantor
(if a Guarantee is endorsed on such Bearer Security), or the Trustee may treat
the bearer of any Bearer Security and the bearer of any coupon as the absolute
owner of such Security or coupon for the purpose of receiving payment thereof or
on account thereof and for all other purposes whatsoever, whether or not such
Security or coupons be overdue, and none of the Company, the Guarantor (if a
Guarantee is endorsed on such Bearer Security), the Trustee or any agent of the
Company, the Guarantor (if a Guarantee is endorsed on such Bearer Security), or
the Trustee shall be affected by notice to the contrary.

     

    None of
the Company, the Guarantor, the Trustee, any Paying Agent or the Security
Registrar shall have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership
interests of a Security in global form or for maintaining, supervising or
reviewing any records relating to such beneficial ownership
interests.  The Company, the Guarantor, the Trustee and the Securities
Registrar shall be entitled to deal with any depositary (including any
Depositary or Common Depositary), and any nominee thereof, that is the Holder of
any such global Security for all purposes of this Indenture relating to such
global Security (including the payment of principal, premium, if any, and
interest and Additional Amounts, if any, the giving of instructions or
directions by or to the owner or holder of a beneficial ownership interest in
such global Security) as the sole Holder of such global Security and shall have
no obligations to the beneficial owners thereof.  None of the Company,
the Guarantor, the Trustee, any Paying Agent or the Security Registrar shall
have any responsibility or liability for any acts or omissions of any such
depositary with respect to such global Security, for the records of any such
depositary, including records in respect of beneficial ownership interests in
respect of any such global Security, for any transactions between such
depositary and any participant in such depositary or between or among any such
depositary, any such participant and/or any holder or owner of a beneficial
interest in such global Security or for any transfers of beneficial interests in
any such global Security.

     

    Notwithstanding
the foregoing, with respect to any global Security, nothing herein shall prevent
the Company, the Guarantor, the Trustee, or any agent of the Company the
Guarantor, or the Trustee, from giving effect to any written certification,
proxy or other authorization furnished by any depositary (including any
Depositary or Common Depositary), as a Holder, with respect to such global
Security or impair, as between such depositary and owners of beneficial
interests in such global Security, the operation of customary practices
governing the exercise of the rights of such depositary (or its nominee) as
Holder of such global Security.

     

    SECTION
310. Cancellation

     

    .  All
Securities and coupons surrendered for payment, redemption, repayment at the
option of the Holder, registration of transfer or exchange or for credit against
any current or future sinking fund payment shall, if surrendered to any Person
other than the Trustee, be delivered to the Trustee.  All Securities
and coupons so delivered to the Trustee shall be promptly cancelled by
it.  The Company or the Guarantor may at any time deliver to the
Trustee for cancellation any Securities previously authenticated and delivered
hereunder which the Company or the Guarantor, as the case may be, may have
acquired in any manner whatsoever, and may deliver to the Trustee (or to any
other Person for delivery to the Trustee) for cancellation any Securities
previously authenticated hereunder which the Company has not issued and sold,
and all Securities so delivered shall be promptly cancelled by the
Trustee.  If the Company or the Guarantor shall so 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 surrendered to the Trustee for cancellation.  No
Securities shall be authenticated in lieu of or in exchange for any Securities
cancelled as provided in this Section, except as expressly permitted by this
Indenture.  All cancelled Securities and coupons held by the Trustee
shall be disposed of by the Trustee in accordance with its customary procedures
and, if requested by the Company in writing, certification of their disposal
delivered to the Company, unless by Company Order the Company shall timely
direct that cancelled Securities be returned to it.

     

    SECTION
311. Computation of
Interest

     

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

     

    SECTION
312. Currency and Manner of
Payments in Respect of Securities

     

    .  (a)  Unless
otherwise specified with respect to any series of Securities pursuant to Section
301, with respect to Registered Securities of any series not permitting the
election provided for in paragraph (b) below or the Holders of which have not
made the election provided for in paragraph (b) below, and with respect to
Bearer Securities of any series, except as provided in paragraph (d) below,
payment of the principal of (and premium, if any) and interest, if any, on any
Registered or Bearer Security of such series will be made in the Currency in
which such Registered Security or Bearer Security, as the case may be, is
payable.  The provisions of this Section 312 may be modified or
superseded with respect to any Securities pursuant to Section 301.

     

    (b) It may be
provided pursuant to Section 301 with respect to Registered Securities of any
series that Holders shall have the option, subject to paragraphs (d) and (e)
below, to receive payments of principal of (or premium, if any) or interest, if
any, on such Registered Securities in any of the Currencies which may be
designated for such election by delivering to the Trustee a written election
with signature guarantees and in the applicable form established pursuant to
Section 301, not later than the close of business on the Election Date
immediately preceding the applicable payment date.  If a Holder so
elects to receive such payments in any such Currency, such election will remain
in effect for such Holder or any transferee of such Holder until changed by such
Holder or such transferee by written notice to the Trustee (but any such change
must be made not later than the close of business on the Election Date
immediately preceding the next payment date to be effective for the payment to
be made on such payment date and no such change of election may be made with
respect to payments to be made on any Registered Security of such series with
respect to which an Event of Default has occurred or with respect to which the
Company has deposited funds pursuant to Article Four or Fourteen or with respect
to which a notice of redemption has been given by the Company or a notice of
option to elect repayment has been sent by such Holder or such
transferee).  Any Holder of any such Registered Security who shall not
have delivered any such election to the Trustee not later than the close of
business on the applicable Election Date will be paid the amount due on the
applicable payment date in the relevant Currency as provided in Section
312(a).  The Trustee shall notify the Exchange Rate Agent as soon as
practicable after the Election Date of the aggregate principal amount of
Registered Securities for which Holders have made such written
election.

     

    (c) Unless
otherwise specified pursuant to Section 301, if the election referred to in
paragraph (b) above has been provided for pursuant to Section 301, then, unless
otherwise specified pursuant to Section 301, not later than the fourth Business
Day after the Election Date for each payment date for Registered Securities of
any series, the Exchange Rate Agent will deliver to the Company a written notice
specifying, in the Currency in which Registered Securities of such series are
payable, the respective aggregate amounts of principal of (and premium, if any)
and interest, if any, on the Registered Securities to be paid on such payment
date, specifying the amounts in such Currency so payable in respect of the
Registered Securities as to which the Holders of Registered Securities of such
series shall have elected to be paid in another Currency as provided in
paragraph (b) above.  If the election referred to in paragraph (b)
above has been provided for pursuant to Section 301 and if at least one Holder
has made such election, then, unless otherwise specified pursuant to Section
301, on the second Business Day preceding such payment date the Company will
deliver to the Trustee for such series of Registered Securities an Exchange Rate
Officer’s Certificate in respect of the Dollar or Foreign Currency payments to
be made on such payment date.  Unless otherwise specified pursuant to
Section 301, the Dollar or Foreign Currency amount receivable by Holders of
Registered Securities who have elected payment in a Currency as provided in
paragraph (b) above shall be determined by the Company on the basis of the
applicable Market Exchange Rate in effect on the third Business Day (the
“Valuation Date”) immediately preceding each payment date, and such
determination shall be conclusive and binding for all purposes, absent manifest
error.

     

    (d) If a
Conversion Event occurs with respect to a Foreign Currency in which any of the
Securities are denominated or payable other than pursuant to an election
provided for pursuant to paragraph (b) above, then with respect to each date for
the payment of principal of (and premium, if any) and interest, if any, on the
applicable Securities denominated or payable in such Foreign Currency occurring
after the last date on which such Foreign Currency was used (the “Conversion
Date”), the Dollar shall be the Currency of payment for use on each such payment
date.  Unless otherwise specified pursuant to Section 301, the Dollar
amount to be paid by the Company to the Trustee and by the Trustee or any Paying
Agent to the Holders of such Securities with respect to such payment date shall
be, in the case of a Foreign Currency other than a currency unit, the Dollar
Equivalent of the Foreign Currency or, in the case of a currency unit, the
Dollar Equivalent of the Currency Unit, in each case as determined by the
Exchange Rate Agent in the manner provided in paragraph (f) or (g)
below.

     

    (e) Unless
otherwise specified pursuant to Section 301, if the Holder of a Registered
Security denominated in any Currency shall have elected to be paid in another
Currency as provided in paragraph (b) above, and a Conversion Event occurs with
respect to such elected Currency, such Holder shall receive payment in the
Currency in which payment would have been made in the absence of such election;
and if a Conversion Event occurs with respect to the Currency in which payment
would have been made in the absence of such election, such Holder shall receive
payment in Dollars as provided in paragraph (d) above.

     

    (f) The
“Dollar Equivalent of the Foreign Currency” shall be determined by the Exchange
Rate Agent and shall be obtained for each subsequent payment date by converting
the specified Foreign Currency into Dollars at the Market Exchange Rate on the
Conversion Date.

     

    (g) The
“Dollar Equivalent of the Currency Unit” shall be determined by the Exchange
Rate Agent and subject to the provisions of paragraph (h) below shall be the sum
of each amount obtained by converting the Specified Amount of each Component
Currency into Dollars at the Market Exchange Rate for such Component Currency on
the Valuation Date with respect to each payment.

     

    (h) For
purposes of this Section 312 the following terms shall have the following
meanings:

     

    A
“Component Currency” shall mean any Currency which, on the Conversion Date, was
a component currency of the relevant currency unit, including, but not limited
to, the Euro.

     

    A
“Specified Amount” of a Component Currency shall mean the number of units of
such Component Currency or fractions thereof which were represented in the
relevant currency unit, including, but not limited to, the Euro, on the
Conversion Date.  If after the Conversion Date the official unit of
any Component Currency is altered by way of combination or subdivision, the
Specified Amount of such Component Currency shall be divided or multiplied in
the same proportion.  If after the Conversion Date two or more
Component Currencies are consolidated into a single currency, the respective
Specified Amounts of such Component Currencies shall be replaced by an amount in
such single Currency equal to the sum of the respective Specified Amounts of
such consolidated Component Currencies expressed in such single Currency, and
such amount shall thereafter be a Specified Amount and such single Currency
shall thereafter be a Component Currency.  If after the Conversion
Date any Component Currency shall be divided into two or more currencies, the
Specified Amount of such Component Currency shall be replaced by amounts of such
two or more currencies, having an aggregate Dollar Equivalent value at the
Market Exchange Rate on the date of such replacement equal to the Dollar
Equivalent value of the Specified Amount of such former Component Currency at
the Market Exchange Rate immediately before such division and such amounts shall
thereafter be Specified Amounts and such currencies shall thereafter be
Component Currencies.  If, after the Conversion Date of the relevant
currency unit, including, but not limited to, the Euro, a Conversion Event
(other than any event referred to above in this definition of “Specified
Amount”) occurs with respect to any Component Currency of such currency unit and
is continuing on the applicable Valuation Date, the Specified Amount of such
Component Currency shall, for purposes of calculating the Dollar Equivalent of
the Currency Unit, be converted into Dollars at the Market Exchange Rate in
effect on the Conversion Date of such Component Currency.

     

    “Election
Date” shall mean the date for any series of Registered Securities as specified
pursuant to clause (13) of Section 301 by which the written election referred to
in paragraph (b) above may be made.

     

    All
decisions and determinations of the Exchange Rate Agent regarding the Dollar
Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency Unit,
the Market Exchange Rate and changes in the Specified Amounts as specified above
shall be in its sole discretion and shall, in the absence of manifest error, be
conclusive for all purposes and irrevocably binding upon the Company, the
Trustee and all Holders of such Securities denominated or payable in the
relevant Currency.  The Exchange Rate Agent shall promptly give
written notice to the Company and the Trustee of any such decision or
determination.

     

    In the
event that the Company determines in good faith that a Conversion Event has
occurred with respect to a Foreign Currency, the Company will immediately give
written notice thereof to the Trustee and to the Exchange Rate Agent (and the
Trustee will promptly thereafter give notice in the manner provided for in
Section 106 to the affected Holders) specifying the Conversion
Date.  In the event the Company so determines that a Conversion Event
has occurred with respect to the Euro or any other currency unit in which
Securities are denominated or payable, the Company will immediately give written
notice thereof to the Trustee and to the Exchange Rate Agent (and the Trustee
will promptly thereafter give notice in the manner provided for in Section 106
to the affected Holders) specifying the Conversion Date and the Specified Amount
of each Component Currency on the Conversion Date.  In the event the
Company determines in good faith that any subsequent change in any Component
Currency as set forth in the definition of Specified Amount above has occurred,
the Company will similarly give written notice to the Trustee and the Exchange
Rate Agent.  The Trustee shall be fully justified and protected in
relying and acting upon information received by it from the Company and the
Exchange Rate Agent and shall not otherwise have any duty or obligation to
determine the accuracy or validity of such information independent of the
Company or the Exchange Rate Agent.

     

    SECTION
313. Appointment and Resignation
of Successor Exchange Rate Agent

     

    .  (a)  Unless
otherwise specified pursuant to Section 301, if and so long as the Securities of
any series (i) are denominated in a Currency other than Dollars or (ii) may be
payable in a Currency other than Dollars, or so long as it is required under any
other provision of this Indenture, then the Company will maintain with respect
to each such series of Securities, or as so required, at least one Exchange Rate
Agent.  The Company will cause the Exchange Rate Agent to make the
necessary foreign exchange determinations at the time and in the manner
specified pursuant to Section 301 for the purpose of determining the applicable
rate of exchange and, if applicable, for the purpose of converting the issued
Currency into the applicable payment Currency for the payment of principal (and
premium, if any) and interest, if any, pursuant to Section 312.

     

    (b) No
resignation of the Exchange Rate Agent and no appointment of a successor
Exchange Rate Agent pursuant to this Section shall become effective until the
acceptance of appointment by the successor Exchange Rate Agent as evidenced by a
written instrument delivered to the Company and the Trustee.

     

    (c) If the
Exchange Rate Agent shall resign, be removed or become incapable of acting, or
if a vacancy shall occur in the office of the Exchange Rate Agent for any cause
with respect to the Securities of one or more series, the Company, by or
pursuant to a Board Resolution, shall promptly appoint a successor Exchange Rate
Agent or Exchange Rate Agents with respect to the Securities of that or those
series (it being understood that any such successor Exchange Rate Agent may be
appointed with respect to the Securities of one or more or all of such series
and that, unless otherwise specified pursuant to Section 301, at any time there
shall only be one Exchange Rate Agent with respect to the Securities of any
particular series that are originally issued by the Company on the same date and
that are initially denominated and/or payable in the same
Currency).

     

     

    ARTICLE
FOUR                                           

     

    SATISFACTION
AND DISCHARGE

    SECTION
401. Satisfaction and Discharge
of Indenture

     

    .  This
Indenture shall upon Company Request cease to be of further effect with respect
to any series of Securities specified in such Company Request (except as to any
surviving rights of registration of transfer or exchange of Securities of such
series expressly provided for herein or pursuant hereto, and any right to
receive Additional Amounts, as contemplated by Section 1011) and the Trustee, at
the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture as to such series when

     

    (1) either

     

    (A) all
Securities of such series theretofore authenticated and delivered and all
coupons, if any, appertaining thereto (other than (i) coupons appertaining to
Bearer Securities surrendered for exchange for Registered Securities and
maturing after such exchange, whose surrender is not required or has been waived
as provided in Section 305, (ii) Securities and coupons of such series which
have been destroyed, lost or stolen and which have been replaced or paid as
provided in Section 306, (iii) coupons appertaining to Securities called for
redemption and maturing after the relevant Redemption Date, whose surrender has
been waived as provided in Section 1106, and (iv) Securities and coupons of such
series for whose payment money has theretofore been deposited in trust with the
Trustee or any Paying Agent or segregated and held in trust by the Company or
the Guarantor, as the case may be and thereafter repaid to the Company or the
Guarantor, as the case may be, or discharged from such trust, as provided in
Section 1003) have been delivered to the Trustee for cancellation;
or

     

    (B) all
Securities of such series and, in the case of (i) or (ii) below, any coupons
appertaining thereto not theretofore delivered to the Trustee for
cancellation

     

    (i) have
become due and payable, or

     

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

     

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

     

    and the
Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or
caused to be deposited with the Trustee as trust funds in trust for such purpose
an amount in the Currency in which the Securities of such series are payable,
sufficient to pay and discharge the entire indebtedness on such Securities and
such coupons not theretofore delivered to the Trustee for cancellation, for
principal (and premium, if any) and interest, if any, to the date of such
deposit (in the case of Securities which have become due and payable) or to the
Stated Maturity or Redemption Date, as the case may be;

     

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

     

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

     

    Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company
to the Trustee under Section 606, the obligations of the Trustee to any
Authenticating Agent under Section 611 and, if money shall have been deposited
with the Trustee pursuant to subclause (B) of clause (1) of this Section, the
obligations of the Trustee under Section 402 and the last paragraph of Section
1003, the last sentence of Section 1011, and the penultimate paragraph of
Section 1405 shall survive.

     

    SECTION
402. Application of Trust
Money

     

    .  Subject
to the provisions of the last paragraph of Section 1003, all money deposited
with the Trustee pursuant to Section 401 shall be held in trust and applied by
it, in accordance with the provisions of the Securities, the coupons and this
Indenture, to the payment, either directly or through any Paying Agent
(including the Company or the Guarantor acting as its own Paying Agent) as the
Trustee may determine, to the Persons entitled thereto, of the principal (and
premium, if any) and interest, if any, for whose payment such money has been
deposited with the Trustee; but such money need not be segregated from other
funds except to the extent required by law.  Money so held in trust is
subject to the Trustee’s rights under Section 606.

     

     

    ARTICLE
FIVE                                           

     

    REMEDIES

    SECTION
501. Events of
Default

     

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

     

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

     

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

     

    (3) default
in the deposit of any sinking fund payment, when and as due by the terms of the
Securities of that series and Article Twelve; or

     

    (4) default
in the performance, or breach, of any covenant or agreement of the Company or
the Guarantor in this Indenture which affects or is applicable to the Securities
of that series (other than a default in the performance or breach of a covenant
or agreement is elsewhere in this Section specifically dealt with or which has
expressly been included in this Indenture solely for the benefit of other series
of Securities), and continuance of such default or breach for a period of 60
days after there has been given, by registered or certified mail, to the Company
by the Trustee or to the Company and the Trustee by the Holders of at least 25%
in principal amount of all Outstanding Securities of that series a written
notice specifying such default or breach and requiring it to be remedied and
stating that such notice is a “Notice of Default” hereunder; or

     

    (5) the
Guarantee, if any, applicable to the Securities of that series ceases to be in
full force and effect or is declared null and void or the Guarantor denies that
it has any further liability under its Guarantee to the Holders of Securities of
that series, or has given notice to such effect (other than by reason of the
release of any such Guarantee in accordance with this Indenture), and such
condition shall have continued for period of 30 days after written notice to the
Company by the Trustee or to the Company and the Trustee by the Holders of at
least 25% in principal amount of the Outstanding Securities of that series;
or

     

    (6) default
in the payment of principal when due or resulting in acceleration of other
Indebtedness of the Company, or, if Guarantees are issued, the Guarantor, or any
Significant Subsidiary for borrowed money where the aggregate principal amount
with respect to which the default or acceleration has occurred exceeds $50
million and such acceleration has not been rescinded or annulled or such
Indebtedness repaid within a period of 30 days after written notice to the
Company by the Trustee or to the Company and the Trustee by the Holders of at
least 25% in principal amount of all Outstanding Securities; provided that if any
such default is cured, waived, rescinded or annulled, then the Event of Default
by reason thereof would be deemed not to have occurred; or

     

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

     

    (8) the
commencement by the Company or, if Guarantees are issued, the Guarantor of a
voluntary case or proceeding under Bankruptcy Law or of any other case or
proceeding to be adjudicated a bankrupt or insolvent, or the consent by them to
the entry of a decree or order for relief in respect of the Company or, if
Guarantees are issued, the Guarantor is an involuntary case or proceeding under
Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or
proceeding against them, or the filing by them of a petition or answer or
consent seeking reorganization or relief under any applicable Federal or State
law, or the consent by them to the filing of such petition or to the appointment
of or taking possession by a custodian, receiver, liquidator, assignee, trustee,
sequestrator or similar official of the Company or, if Guarantees are issued,
the Guarantor or of any substantial part of their property, or the making by
them of an assignment for the benefit of creditors, or the admission by them in
writing of their inability to pay their debts generally as they become due;
or

     

    (9) there
occurs any other Event of Default provided pursuant to Section 301 or 901
with respect to Securities of that series.

     

    SECTION
502. Acceleration of Maturity;
Rescission and Annulment

     

    .  If
an Event of Default described in clause (1), (2), (3), (4), (5), (6) or (9) of
Section 501 with respect to Securities of any series at the time Outstanding
occurs and is continuing, then in every such case the Trustee or the Holders of
not less than 25% in principal amount of the Outstanding Securities of that
series may declare the principal amount (or, if the Securities of that series
are Original Issue Discount Securities or Indexed Securities, such portion of
the principal amount as may be specified in the terms of that series) of all of
the Outstanding Securities of that series and any accrued and unpaid cash
interest through the date of such declaration, to be due and payable
immediately, by a notice in writing to the Company (and to the Trustee if given
by Holders), and upon any such declaration such principal amount shall become
immediately due and payable.

     

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

     

    (1) the
Company has paid or deposited with the Trustee a sum sufficient to pay in the
Currency in which the Securities of such series are payable (except as otherwise
specified pursuant to Section 301 for the Securities of such series and except,
if applicable, as provided in Sections 312(b), 312(d) and 312(e)),

     

    (A) all
overdue interest, if any, on all Outstanding Securities of that series (or of
all series, as the case may be) and any related coupons,

     

    (B) all
unpaid principal of (and premium, if any) any Outstanding Securities of that
series (or of all series, as the case may be) which has become due otherwise
than by such declaration of acceleration, and interest on such unpaid principal
at the rate or rates prescribed therefor in such Securities,

     

    (C) to the
extent that payment of such interest is enforceable under applicable law,
interest upon overdue interest to the date of such payment or deposit at the
rate or rates prescribed therefor in such Securities or, if no such rate or
rates are so prescribed, at the rate borne by the Securities during the period
of such default, and

     

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

     

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

     

    If an
Event of Default described in clause (7) or (8) occurs and is continuing, then
the principal amounts (or, if the Securities of that series are Original Issue
Discount Securities or Indexed Securities, such position of the principal amount
as may be specified in the terms of that series) of all the Securities and then
Outstanding, together with any accrued interest through the occurrence of such
Event of Default, shall become and be due and payable immediately, without any
declaration or other act by the Trustee or any other Holder.

     

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

     

    .  The
Company covenants that (1) in case default shall be made in the payment of any
installment of interest on any Security of any series and any related coupon, as
and when the same shall become due and payable, and such default shall have
continued for a period of 90 days, or (2) in case default shall be made in the
payment of the principal (or premium, if any, on) any Security of any series at
its Maturity and such default shall have continued for a period of five business
days then, upon demand of the Trustee, the Company will pay to the Trustee (such
demand and payment in the case of Bearer Securities to occur only outside of the
United States, for the benefit of the Holders of Securities of such series and
coupons, the whole amount that then shall have become due and payable on such
Securities and coupons of that series for principal and any premium or interest,
or both, as the case may be, with interest upon the overdue principal and (to
the extent that payment of such interest is enforceable under applicable law)
upon overdue installments of interest at the rate borne by or provided for in
such Securities during the period of such default; and, in addition thereto,
such further amount as shall be sufficient to cover reasonable compensation to
the Trustee, its agents, attorneys and counsel, and all other expenses and
liabilities incurred, and all advances made, by the Trustee except as a result
of its negligence or bad faith.

     

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

     

    SECTION
504. Trustee May File Proofs of
Claim

     

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

     

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

     

    (2) to
collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same (which distribution, in the case of
Bearer Securities or coupons appertaining thereto, shall occur only outside the
United States);

     

    and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to
the Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 606.

     

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

     

    SECTION
505. Trustee May Enforce Claims
Without Possession of Securities

     

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

     

    SECTION
506. Application of Money
Collected

     

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

     

    First:  To
the payment of all amounts due the Trustee under Section 606;

     

    Second:  To
the payment (such payment, in the case of Bearer Securities or coupons, to occur
only outside the United States) of the amounts then due and unpaid for principal
of and any premium and interest on the Securities and coupons in respect of
which or for the benefit of which such money has been collected, ratably,
without preference or priority of any kind, according to the amounts due and
payable on such Securities and coupons for principal and any premium and
interest, respectively; and

     

    Third:  To
the payment of the remainder, if any, to the Company, or as a court of competent
jurisdiction may direct in writing.

     

    SECTION
507. Limitation on
Suits

     

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

     

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

     

    (2) the
Holders of not less than 25% in principal amount of the Outstanding Securities
of that series in the case of any Event of Default described in clause (1), (2),
(3), (4), (5) or (9) of Section 501, or, in the case of any Event of Default
described in clause (6), (7) or (8) of Section 501, the Holders of not less than
25% in principal amount of all Outstanding Securities, shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default in its own name as Trustee hereunder;

     

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

     

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

     

    (5) no
direction inconsistent with such written request shall have been given to the
Trustee pursuant to Section 512 during such 60-day period by the Holders of a
majority or more in principal amount of the Outstanding Securities of that
series, in the case of any Event of Default described in clause (1), (2), (3),
(4), (5) or (9) of Section 501, or, in the case of any Event of Default
described in clause (6), (7) or (8) of Section 501 by the Holders of a majority
or more in principal amount of all Outstanding Securities;

     

    it being
understood and intended that no one or more of such Holders shall have any right
in any manner whatever by virtue of, or by availing of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other Holders of
Securities of the same series, in the case of any Event of Default described in
clause (1), (2), (3), (4), (5) or (9) of Section 501, or of Holders of all
Securities in the case of any Event of Default described in clause (6), (7) or
(8) of Section 501, or to obtain or to seek to obtain priority or preference
over any other of such Holders or to enforce any right under this Indenture,
except in the manner herein provided and for the equal and ratable and common
benefit of all of such Holders of Securities of that same series in the case of
any Event of Default described in clause (1), (2), (3), (4), (5) or (9) of
Section 501, or of Holders of all Securities in the case of any Event of Default
described in clause (6), (7) or (8) of Section 501.

     

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

     

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

     

    SECTION
509. Restoration of Rights and
Remedies

     

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

     

    SECTION
510. Rights and Remedies
Cumulative

     

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

     

    SECTION
511. Delay or Omission Not
Waiver

     

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

     

    SECTION
512. Control by
Holders

     

    .  With
respect to the Securities of any series, the Holders of not less than a majority
in principal amount of the Outstanding Securities of such series shall have the
right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred on
the Trustee relating to or arising under clause (1), (2), (3), (4), (5) or (9)
of Section 501 and, with respect to all Securities; provided, however, the Holders
of not less than a majority in principal amount of all Outstanding Securities
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, not relating to or arising under clause (1),
(2), (3), (4), (5) or (9) of Section 501:

     

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

     

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

     

    (3) such
direction is not unduly prejudicial to the rights of Holders of Securities of
such series not taking part in such direction, and

     

    (4) such
direction would not involve the Trustee in personal liability, as the Trustee,
upon being advised by counsel, shall reasonably determine.

     

    SECTION
513. Waiver of Past
Defaults

     

    .  Subject
to Section 502, the Holders of not less than a majority in principal amount of
Outstanding Securities of any series may on behalf of the Holders of all the
Securities of such series waive any past default waive any past default
described in clause (1), (2), (3), (4), (5) or (9) of Section 501 (or, in the
case of a default described in clause (6), (7) or (8) of Section 501, the
Holders of not less than a majority in principal amount of all Outstanding
Securities may waive any such past default), hereunder with respect to such
series and its consequences, except a default:

     

    (1) in
respect of the payment of the principal of or any premium and interest on any
Security or any related coupon, or

     

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

     

    Upon any
such waiver, any such default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured, for every purpose of this
Indenture, and the Company, the Trustee and Holders shall be restored to their
former positions and rights hereunder, respectively; but no such waiver shall
extend to any subsequent or other default or Event of Default or impair any
right consequent thereon.

     

    SECTION
514. Undertaking for
Costs

     

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

     

    SECTION
515. Waiver of Stay or Extension
Laws

     

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

     

     

    ARTICLE
SIX                                

     

    THE
TRUSTEE

    SECTION
601. Notice of
Defaults

     

    .  Within
90 days after the occurrence of any Default hereunder with respect to the
Securities of any series, the Trustee shall transmit in the manner and to the
extent provided in TIA Section 313(c), notice of such default hereunder known to
a Responsible Officer of the Trustee, unless such Default shall have been cured
or waived; provided, however, that,
except in the case of a Default in the payment of the principal of (or premium,
if any) or interest, if any, on any Security of such series or in the payment of
any sinking fund installment with respect to Securities of such series, the
Trustee shall be protected in withholding such notice if and so long as the
board of directors, the executive committee or a trust committee of directors
and/or Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the interest of the Holders of Securities of
such series and any related coupons; and provided further that in the
case of any default or breach of the character specified in Section 501(4) with
respect to Securities and coupons of such series, no such notice to Holders
shall be given until at least 30 days after the occurrence thereof.

     

    SECTION
602. Certain Duties,
Responsibilities and Rights of Trustee

     

    .  Subject
to the provisions of TIA Sections 315(a) through 315(d):

     

    (1) except
during the continuance of an Event of Default,

     

    
      	
              (a)  

            	
              the
      Trustee undertakes to perform such duties and only such duties as are
      specifically set forth in this Indenture, and no implied covenants or
      obligations shall be read into this Indenture against the Trustee;
      and

            

    

     

    
      	
              (b)  

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

            

    

     

    (2) if any
Event of Default has occurred and is continuing with respect to the Securities
of any series, the Trustee shall exercise 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 person would exercise or use under the circumstances in
the conduct of such person’s own affairs;

     

    (3) the
Trustee may not be relieved from liabilities for its own negligent action, its
own negligent failure to act, or its own willful misconduct, except
that:

     

    
      	
              (a)  

            	
              this
      subparagraph (3) does not limit the effect of subparagraph (1) of this
      paragraph or the penultimate paragraph of this Section
  602;

            

    

     

    
      	
              (b)  

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

            

    

     

    
      	
              (c)  

            	
              the
      Trustee shall not be liable with respect to any action taken or omitted to
      be taken by it in good faith in accordance with the direction of the
      Holders of a majority in principal amount of the Outstanding Securities of
      the affected series 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;

            

    

     

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

     

    (5) any
request or direction of the Company or the Guarantor mentioned herein shall be
sufficiently evidenced by a Company Request or Company Order or Guarantor
Request or Guarantor Order, as the case may be, and any resolution of the Board
of Directors of the Company or the Guarantor may be sufficiently evidenced by a
Board Resolution;

     

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

     

    (7) 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, suffered or omitted by it hereunder in good faith
and in reliance thereon;

     

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

     

    (9) the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or
matters as it may see fit, and, if the Trustee shall determine to make such
further inquiry or investigation, it shall be entitled to examine the books,
records and premises of the Company or, if any Guarantees are issued, the
Guarantor, personally or by agent or attorney;

     

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

     

    (11) the
Trustee shall not be liable for any action taken, suffered or omitted 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;

     

    (12) in the
event that the Trustee is also acting as Paying Agent, Security Registrar or in
any other capacity hereunder, the rights, privileges, protections, immunities
and benefits afforded to the Trustee pursuant to this Article Six, including,
without limitation, its right to be indemnified, shall also be afforded to the
Trustee in its capacity as such Paying Agent, Security Registrar or in such
other capacity; and

     

    (13)  the
Trustee shall not be deemed to know or be charged with knowledge of any Default
or Event of Default with respect to the Securities of any series for which it is
acting as Trustee unless a Responsible Officer of the Trustee shall have
received written notice thereof at the Corporate Trust Office of the Trustee
from the Company or a Holder of such Securities and such notice references this
Indenture and such Securities.

     

    The
Trustee shall not be required to expend or risk its own funds or otherwise incur
any financial liability in the performance of any of its duties hereunder, or in
the exercise of any of its rights or powers if it shall have reasonable grounds
for believing that repayment of such funds or adequate indemnity against such
risk or liability is not reasonably assured to it.

     

    Whether
or not therein expressly so provided, every provision of this Indenture relating
to the conduct or affecting the liability of or affording protection to the
Trustee shall be subject to the provisions of this Section 602.

     

    SECTION
603. Trustee Not Responsible for
Recitals or Issuance of Securities

     

    .  The
recitals contained herein and in the Securities, including any Guarantees
endorsed thereon, except for the Trustee’s certificates of authentication, and
in any coupons shall be taken as the statements of the Company or the Guarantor,
as the case may be, and neither the Trustee nor any Authenticating Agent assumes
any responsibility for their correctness.  The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the
Securities or coupons, except that the Trustee represents that it is duly
authorized to execute and deliver this Indenture, authenticate the Securities
and perform its obligations hereunder and that the statements made by it in a
Statement of Eligibility on Form T-1 supplied to the Company are true and
accurate, subject to the qualifications set forth therein.  Neither
the Trustee nor any Authenticating Agent shall be accountable for the use or
application by the Company of Securities or the proceeds thereof.

     

    SECTION
604. May Hold
Securities

     

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

     

    SECTION
605. Money Held in
Trust

     

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

     

    SECTION
606. Compensation and
Reimbursement

     

    .  The
Company agrees:

     

    (1) to pay to
the Trustee from time to time reasonable compensation for all services rendered
by it hereunder (which compensation shall not be limited by any provision of law
in regard to the compensation of a trustee of an express trust);

     

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

     

    (3) to
indemnify the Trustee and any predecessor trustee and its and their officers,
directors, employees, and agents for, and to hold it or them harmless against,
any loss, liability or expense incurred without gross negligence or willful
misconduct on its or their part, arising out of or in connection with the
acceptance or administration of the trust or trusts hereunder, including the
costs and expenses (including reasonable fees and expenses of counsel) of
defending itself or themselves against any claim or liability in connection with
the exercise or performance of any of its or their powers or duties
hereunder.

     

    The
obligations of the Company under this Section to compensate the Trustee, to pay
or reimburse the Trustee for expenses, disbursements and advances and to
indemnify and hold harmless the Trustee shall constitute additional indebtedness
hereunder and shall survive the satisfaction and discharge of this Indenture,
the resignation or removal of the Trustee and the termination of this Indenture
for any reason.  As security for the performance of such obligations
of the Company, the Trustee shall have a claim and lien prior to the Securities
upon all property and funds held or collected by the Trustee as such, except
funds held in trust for the payment of principal of (or premium, if any) or
interest, if any, on particular Securities or any coupons.

     

    When the
Trustee incurs expenses or renders services in connection with an Event of
Default specified in Section 501(7) or (8), the expenses (including reasonable
charges and expense of its counsel) of and the compensation for such services
are intended to constitute expenses of administration under any applicable
Federal or State bankruptcy, insolvency or other similar law.

     

    The
provisions of this Section shall survive the satisfaction and discharge of this
Indenture, the termination of this Indenture for any reason and the earlier
resignation or removal of the Trustee.

     

    SECTION
607. Corporate Trustee Required;
Eligibility;
Conflicting Interests; Disqualification

     

    .  There
shall be at all times a Trustee hereunder which shall be eligible to act as
Trustee under TIA Section 310(a)(1) and shall have a combined capital and
surplus of at least $50,000,000.  If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements
of Federal, State, territorial or District of Columbia supervising or examining
authority, then for the purposes of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so
published.  If at any time the Trustee shall cease to be eligible in
accordance with the provisions of this Section, it shall resign immediately in
the manner and with the effect hereinafter specified in this
Article.  If the Trustee shall have or acquire any conflicting
interest within the meaning of the Trust Indenture Act, it shall either
eliminate such conflicting interest or resign to the extent, in the manner and
with the effect, and subject to the conditions, provided in the Trust Indenture
Act and this Indenture.  For purposes of Section 310(b)(1) of the
Trust Indenture Act and to the extent permitted thereby, the Trustee, in its
capacity as trustee in respect of the Securities of any series, shall not be
deemed to have a conflicting interest arising from its capacity as trustee in
respect of the Securities of any other series.  Nothing contained
herein shall prevent the Trustee from filing the application provided for in the
second to last sentence of Section 310(b) of the Trust Indenture
Act.

     

    SECTION
608. Resignation and Removal;
Appointment of Successor

     

    .  (a)  No
resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the applicable
requirements of Section 609 and any and all amounts then due and owing to the
Trustee hereunder have been paid in full.

     

    (b) The
Trustee may resign at any time with respect to the Securities of one or more
series by giving written notice thereof to the Company and, if applicable the
Guarantor.  If the instrument of acceptance by a successor Trustee
required by Section 609 shall not have been delivered to the Trustee within 30
days after the giving of such notice of resignation, the resigning Trustee may
petition any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the Securities of such series.

     

    (c) The
Trustee may be removed at any time with respect to the Securities of any series
by Act of the Holders of not less than a majority in principal amount of the
Outstanding Securities of such series, delivered to the Trustee and to the
Company and, if applicable the Guarantor.

     

    (d) If at any
time:

     

    (1) the
Trustee shall fail to comply with the provisions of TIA Section 310(b) after
written request therefor by the Company, the Guarantor or by any Holder who has
been a bona fide Holder of a Security for at least six months, or

     

    (2) the
Trustee shall cease to be eligible under Section 607 and shall fail to resign
after written request therefor by the Company, the Guarantor or by any Holder
who has been a bona fide Holder of a Security for at least six months,
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, (i) the Company, by a Board Resolution, may remove the Trustee
with respect to all Securities, or (ii) subject to TIA Section 315(e), any
Holder who has been a bona fide Holder of a Security for at least six months
may, on behalf of himself and all others similarly situated, petition any court
of competent jurisdiction for the removal of the Trustee with respect to all
Securities and the appointment of a successor Trustee or Trustees.

     

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

     

    (f) The
Company shall give notice of each resignation and each removal of the Trustee
with respect to the Securities of any series and each appointment of a successor
Trustee with respect to the Securities of any series to the Holders of
Securities of such series in the manner provided for in Section
106.  Each notice shall include the name of the successor Trustee with
respect to the Securities of such series and the address of its Corporate Trust
Office.

     

    SECTION
609. Acceptance of Appointment by
Successor

     

    .  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, the Guarantor 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, the Guarantor or the successor Trustee, such retiring Trustee
shall, upon payment of its charges, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the
retiring Trustee and shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder, subject
nevertheless to its claim and lien provided for in Section 606.

     

    (a) 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 Guarantor, if
applicable, 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) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as shall be deemed necessary or
desirable to confirm that all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series as to
which the retiring Trustee is not retiring shall continue to be vested in the
retiring Trustee, and (3) shall add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust and that each such Trustee shall be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of
such supplemental indenture the resignation or removal of the retiring Trustee
shall become effective to the extent provided therein and each such successor
Trustee, without any further act, deed or conveyance, shall become vested with
all the rights, powers, trusts and duties of the retiring Trustee with respect
to the Securities of that or those series to which the appointment of such
successor Trustee relates; but, on request of the Company, the Guarantor or any
successor Trustee, such retiring Trustee shall duly assign, transfer and deliver
to such successor Trustee all property and money held by such retiring Trustee
hereunder with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, subject nevertheless to its claim
and lien provided for in Section 606.  Whenever there is a successor
Trustee with respect to one or more (but less than all) series of securities
issued pursuant to this Indenture, the terms “Indenture” and “Securities” shall
have the meanings specified in the provisos to the respective definitions of
those terms in Section 101 which contemplate such situation.

     

    (b) Upon
request of any such successor Trustee, the Company and, if applicable, the
Guarantor 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.

     

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

     

    SECTION
610. Merger, Conversion,
Consolidation or Succession to Business

     

    .  Any
corporation into which the Trustee may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any corporation
succeeding to all or substantially all the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article,
without the execution or filing of any paper or any further act on the part of
any of the parties hereto.  In case any Securities or coupons 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 or coupons so
authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities or coupons.  In case any of the
Securities shall not have been authenticated by such predecessor Trustee, any
successor Trustee may authenticate and deliver such Securities or coupons either
in the name of any predecessor hereunder or in the name of the successor
Trustee.  In all such cases such certificates shall have the full
force and effect which this Indenture provides for the certificate of
authentication of the Trustee; provided, however, that the
right to adopt the certificate of authentication of any predecessor Trustee or
to authenticate Securities in the name of any predecessor Trustee shall apply
only to its successor or successors by merger, conversion or
consolidation.

     

    SECTION
611. Appointment of
Authenticating Agent

     

    .  At
any time when any of the Securities remain Outstanding, the Trustee may appoint
an Authenticating Agent or Agents with respect to one or more series of
Securities which shall be authorized to act on behalf of the Trustee to
authenticate Securities of such series and the Trustee shall give written notice
of such appointment to all Holders of Securities of the series with respect to
which such Authenticating Agent will serve, in the manner provided for in
Section 106.  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.  Any such appointment shall
be evidenced by an instrument in writing signed by a Responsible Officer of the
Trustee, and a copy of such instrument shall be promptly furnished to the
Company.  Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee’s
certificate of authentication, such reference shall be deemed to include
authentication and delivery on behalf of the Trustee by an Authenticating Agent
and a certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent.  Each Authenticating Agent shall be acceptable
to the Company and shall at all times be a corporation organized and doing
business under the laws of the United States of America, any state thereof or
the District of Columbia, authorized under such laws to act as Authenticating
Agent, having a combined capital and surplus of not less than $50,000,000 and
subject to supervision or examination by federal or state
authority.  If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of said supervising or
examining authority, then for the purposes of this Section, the combined capital
and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so
published.  If at any time an Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect specified in this
Section.

     

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

     

    An
Authenticating Agent may resign at any time by giving written notice thereof to
the Trustee and to the Company.  The Trustee may at any time terminate
the agency of an Authenticating Agent by giving written notice thereof to such
Authenticating Agent and to the Company.  Upon receiving such a notice
of resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company and shall give written notice of
such appointment to all Holders of Securities of the series with respect to
which such Authenticating Agent will serve, in the manner provided for in
Section 106.  Any successor Authenticating Agent upon acceptance of
its appointment hereunder shall become vested with all the rights, powers and
duties of its predecessor hereunder, with like effect as if originally named as
an Authenticating Agent.  No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section.

     

    The
Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section, and the Trustee shall be
entitled to be reimbursed for such payments, subject to the provisions of
Section 606.

     

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

     

    Dated:  ____________________

     

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

     

    The Bank
of New York Trust Company, N.A.,

    as
Trustee

    

    

    By
______________________________

    as Authenticating Agent

    

    

    By
______________________________

    Authorized Officer

     

    ARTICLE
SEVEN                                           

     

    HOLDERS’
LISTS AND REPORTS BY TRUSTEE, COMPANY AND GUARANTOR

    SECTION
701. Disclosure of Names and
Addresses of Holders

     

    .  Every
Holder of Securities or coupons, by receiving and holding the same, agrees with
the Company, the Guarantor and the Trustee that none of the Company, the
Guarantor or the Trustee or any agent of any of them shall be held accountable
by reason of the disclosure of any such information as to the names and
addresses of the Holders in accordance with TIA Section 312, 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 TIA Section 312(b).

     

    SECTION
702. Reports by
Trustee

     

    .  Within
60 days after May 15 of each year commencing with the first May 15 after the
first issuance of Securities pursuant to this Indenture, the Trustee shall
transmit to the Holders of Securities, in the manner and to the extent provided
in TIA Section 313(c), a brief report dated as of such May 15 if required by TIA
Section 313(a).  The Company will promptly notify the Trustee when any
series of Securities are listed on any stock exchange and of any delisting
thereof.

     

    A copy of
each such report shall, at the time of such transmission to Holders, be filed by
the Trustee with each stock exchange if any, upon which the Securities are
listed, with the Company and the Guarantor.

     

    SECTION
703. Reports by
Company

     

    .  The
Company and so long as any Securities in respect of which Guarantees are
Outstanding, the Guarantor shall:

     

    (1) file with
the Trustee, within 15 days after the Company or the Guarantor, as the case may
be, has filed the same with the Commission, copies of the annual reports and of
the information, documents and other reports (or copies of such portions of any
of the foregoing as the Commission may from time to time by rules and
regulations prescribe) which the Company or the Guarantor, as the case may be,
may be required to file with the Commission pursuant to Section 13 or Section
15(d) of the Securities Exchange Act of 1934; or, if the Company or the
Guarantor, as the case may be, is not required to file information, documents or
reports pursuant to either of such Sections, then it shall file with the Trustee
and the Commission, in accordance with rules and regulations prescribed from
time to time by the Commission, such of the supplementary and periodic
information, documents and reports which may be required pursuant to Section 13
of the Securities Exchange Act of 1934 in respect of a security listed and
registered on a national securities exchange as may be prescribed from time to
time in such rules and regulations;

     

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

     

    (3) transmit
to all Holders, in the manner and to the extent provided in TIA Section 313(c),
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 or the
Guarantor, as the case may be, pursuant to paragraphs (1) and (2) of this
Section as may be required by rules and regulations prescribed from time to time
by the Commission.

     

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

     

     

    ARTICLE
EIGHT                                           

     

    CONSOLIDATION,
MERGER, CONVEYANCE, TRANSFER OR LEASE

    SECTION
801. Company and Guarantor May
Consolidate, etc., Only on Certain Terms

     

    .  The
Company or the Guarantor may not consolidate with or merge into any other Person
or convey, transfer or lease their properties and assets substantially as an
entirety to any Person, unless:

     

    (1) The
successor or transferee Person, if other than the Company or the Guarantor, as
the case may be) formed by such consolidation or into which the Company is
merged is a corporation organized and existing under the laws of the United
States, any state thereof or the District of Columbia and expressly assumes by
an indenture supplemental hereto, executed and delivered to the Trustee, in form
satisfactory to the Trustee, the due and punctual payment of the principal of
(and premium, if any) and interest on each series of Outstanding Securities and
the performance of every covenant of this Indenture on the part of the Company
to be performed or observed by the Company or the Guarantor, as the case may
be;

     

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

     

    (3) the
Company or the Guarantor, as the case may be, has delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, conveyance or transfer and, if a supplemental indenture
is required in connection with such transaction, such supplemental indenture
comply with this Article and that all conditions precedent herein provided for
relating to such transaction have been complied with.

     

    SECTION
802. Successor Person
Substituted

     

    .  Upon
any consolidation by the Company or the Guarantor with or merger by the Company
or the Guarantor, as the case may be, with or into any other corporation or any
conveyance, transfer or lease of the properties and assets of the Company or the
Guarantor, as the case may be, substantially as an entirety to any Person in
accordance with Section 801, the successor Person formed by such consolidation
or into which the Company is merged or to which such conveyance, transfer or
lease is made shall succeed to, and be substituted for, and may exercise every
right and power of, and be subject to every obligation of, the Company or the
Guarantor, as the case may be, under this Indenture with the same effect as if
such successor Person had been named as the Company or the Guarantor, as the
case may be, herein, and in the event of any such conveyance or transfer, the
Company or the Guarantor, as the case may be (which terms shall for this purpose
mean the Person named as the “Company” or the “Guarantor”, as the case may be,
in the first paragraph of this Indenture or any successor Person which shall
theretofore become such in the manner described in Section 801), except in the
case of a lease, shall be discharged of all obligations and covenants under this
Indenture and the Securities and any coupons appertaining thereto, or the
Guarantees, as the case may be, and may be dissolved and
liquidated.

     

     

    ARTICLE
NINE                                           

     

    SUPPLEMENTAL
INDENTURES

    SECTION
901. Supplemental Indentures
Without Consent of Holders

     

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

     

    (1) to
evidence the succession of another Person to the Company or the Guarantor and
the assumption by any such successor of the covenants of the Company or the
Guarantor, as the case may be contained herein and in the Securities and the
Guarantees in accordance with Article Eight; or

     

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

     

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

     

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

     

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

     

    (6) to secure
the Securities pursuant to the requirements of Section 1009 or otherwise;
or

     

    (7) to
establish the form or terms of Securities of any series and any related coupons
as permitted by Sections 201 and 301, including the provisions and procedures
relating to Securities convertible into or exchangeable for any securities of
any Person (including the Company or Guarantor); or

     

    (8) to
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series and to add to or
change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 609(b); or

     

    (9) to cure
any ambiguity, to correct or supplement any provision herein which may be
inconsistent with any other provision herein, or to make any other provisions
with respect to matters or questions arising under this Indenture; provided such
action shall not adversely affect the interests of the Holders of Securities of
any series and any related coupons in any material respect; or

     

    (10) to
supplement any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of any series of
Securities pursuant to Sections 401, 1402 and 1403; provided that any such
action shall not adversely affect the interests of the Holders of Securities of
such series and any related coupons or any other series of Securities in any
material respect.

     

    SECTION
902. Supplemental Indentures with
Consent of Holders

     

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

     

    (1) change
the Stated Maturity of the principal of (or premium, if any) or any installment
of principal of or interest on any Security of such series; or the terms of any
sinking fund with respect to any Security; or reduce the principal amount
thereof (or premium, if any) or the rate of interest, if any, thereon, or any
premium payable upon the redemption thereof, or repayment thereof, or repayment
thereof at the option of the Holder, or change any obligation of the Company to
pay Additional Amounts contemplated by Section 1011 (except as contemplated by
Section 801(1) and permitted by Section 901(1)), or reduce the amount of the
principal of an Original Issue Discount Security of such series that would be
due and payable upon a declaration of acceleration of the Maturity thereof
pursuant to Section 502, or upon the redemption thereof, or the amount thereof
provable in bankruptcy pursuant to Section 504, or adversely affect any right of
repayment at the option of any Holder of any Security of such series, or change
any Place of Payment where, or the Currency in which, any Security of such
series or any premium or interest thereon is payable; or impair the right to
institute suit for the enforcement of any such payment on or after the Stated
Maturity thereof (or, in the case of redemption or repayment at the option of
the Holder, on or after the Redemption Date or Repayment Date, as the case may
be), or modify the provisions of this Indenture with respect to the mandatory
redemption of Securities or repayment of the securities at the option of the
Holder in a manner adverse to any Holder of any Securities or any coupons
appertaining thereto, adversely affect any right to convert or exchange any
Security as may be provided pursuant to Section 301 herein, or

     

    (2) reduce
the percentage in principal amount of the Outstanding Securities of any series,
the consent of whose Holders is required for any such supplemental indenture,
for any waiver of compliance with certain provisions of this Indenture which
affect such series or certain defaults applicable to such series hereunder and
their consequences provided for in this Indenture, or reduce the requirements of
Section 1504 for quorum or voting with respect to Securities of such series,
or

     

    (3) modify
any of the provisions of this Section or Section 513, except to increase any
such percentage or to provide that certain other provisions of this Indenture
which affect such series cannot be modified or waived without the consent of the
Holder of each Outstanding Security affected thereby, or

     

    (4) reduce
the terms and conditions of any obligations of the Guarantor in respect of the
due and punctual payment of the principal of and premium, if any, and interest,
if any, on any Security of such series.

     

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

     

    SECTION
903. Execution of Supplemental
Indentures

     

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

     

    SECTION
904. Effect of Supplemental
Indentures

     

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

     

    SECTION
905. Conformity with Trust
Indenture Act

     

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

     

    SECTION
906. Reference in Securities to
Supplemental Indentures

     

    .  Securities
of any series authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article may, and shall if required by
the Trustee, bear a notation in form approved by the Trustee as to any matter
provided for in such supplemental indenture.  If the Company shall so
determine, new Securities of any series so modified as to conform, in the
opinion of the Trustee, the Company and, if applicable, the Guarantor, to any
such supplemental indenture may be prepared and executed by the Company having,
if applicable, Guarantees endorsed thereon and executed by the Guarantor, and
authenticated and delivered (which delivery, in the case of Bearer Securities,
shall occur only outside the United States) by the Trustee in exchange for
Outstanding Securities of such series.

     

    SECTION
907. Notice of Supplemental
Indentures

     

    .  Promptly
after the execution by the Company and the Trustee of any supplemental indenture
pursuant to the provisions of Section 902, the Company shall give notice thereof
to the Holders of each Outstanding Security affected, in the manner provided for
in Section 106, setting forth in general terms the substance of such
supplemental indenture.

     

    SECTION
908. Effect on Senior
Indebtedness

     

    .  No
supplemental indenture shall adversely affect the rights of any holder of Senior
Indebtedness without the consent of such holder.

     

     

    ARTICLE
TEN                                           

     

    COVENANTS

    SECTION
1001. Payment of Principal,
Premium, if Any, and Interest

     

    .  The
Company covenants and agrees for the benefit of the Holders of each series of
Securities and any related coupons that it will duly and punctually pay the
principal of and any premium and interest on the Securities of that series in
accordance with the terms of the Securities, any coupons appertaining thereto
and this Indenture.  Unless specified as contemplated by Section 301
with respect to any series of Securities, any interest installments due on
Bearer Securities on or before Maturity shall be payable only upon presentation
and surrender of the several coupons for such interest installments as are
evidenced thereby as they severally mature.

     

    SECTION
1002. Maintenance of Office or
Agency

     

    .  If
the Securities of a series are issuable only as Registered Securities, the
Company will maintain in each Place of Payment for any series of Securities an
office or agency where the Securities may be presented or surrendered for
payment, where the Securities may be surrendered for registration of transfer or
exchange, where Securities of that series that are convertible or exchangeable
may be surrendered for conversion or exchange, as applicable, and where notices
and demands to or upon the Company in respect of the Securities and this
Indenture may be served.  The Company will give prompt written notice
to the Trustee of the location, and any change in the location, of such office
or agency.  If at any time the Company shall fail to maintain any such
required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or
served at the Corporate Trust Office of the Trustee except that Bearer
Securities of any series and related coupons may be presented and surrendered
for payment only outside the United States, at the offices specified in the
Security, and the Company hereby appoints the Trustee as its agent to receive
all such presentations, surrenders, notices and demands.  Unless
otherwise specified with respect to any Securities as contemplated by Section
301 with respect to a series of Securities, the Company hereby designates as a
Place of Payment for each series of Securities the office or agency of the
Trustee in the Borough of Manhattan, The City of New York, and initially
appoints the Trustee at its Corporate Trust Office as Paying Agent in such city
and as its agent to receive all such presentations, surrenders, notices and
demands.

     

    Unless
otherwise specified with respect to any Securities pursuant to Section 301, no
payment of principal, premium or interest on Bearer Securities shall be made at
any office or agency of the Company in the United States or by check mailed to
any address in the United States or by transfer to an account maintained with a
bank located in the United States; provided, however, that, if
the Securities of a series are payable in Dollars, payment of principal of (and
premium, if any) and interest, if any, on any Bearer Security shall be made at
the office of the Company’s Paying Agent in The City of New York, if (but only
if) payment in Dollars of the full amount of such principal, premium or
interest, as the case may be, at all offices or agencies outside the United
States maintained for such purpose by the Company in accordance with this
Indenture is illegal or effectively precluded by exchange controls or other
similar restrictions.

     

    The
Company may also from time to time designate one or more other offices or
agencies where the Securities of one or more series may be presented or
surrendered for any or all such purposes and may from time to time rescind any
such designation; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency in accordance with the requirements
set forth above for Securities of any series for such purposes.  The
Company will give prompt written notice to the Trustee of any such designation
or rescission and of any change in the location of any such other office or
agency.  Unless otherwise specified with respect to any Securities as
contemplated by Section 301 with respect to a series of Securities, the Company
hereby designates as a Place of Payment for each series of Securities the office
or agency of the Trustee in the Borough of Manhattan, The City of New York, and
initially appoints the Trustee at its Corporate Trust Office as Paying Agent in
such city and as its agent to receive all such respective presentations,
surrenders, notices and demands.

     

    Unless
otherwise specified with respect to any Securities pursuant to Section 301, if
and so long as the Securities of any series (i) are denominated in a Currency
other than Dollars or (ii) may be payable in a Currency other than Dollars, or
so long as it is required under any other provision of the Indenture, then the
Company will maintain with respect to each such series of Securities, or as so
required, at least one Exchange Rate Agent.

     

    SECTION
1003. Money for Securities
Payments to Be Held in Trust

     

    .  If
the Company or the Guarantor shall at any time act as its own Paying Agent with
respect to any series of Securities and any related coupons, it will, on or
before each due date of the principal of or any premium and interest on any of
the Securities of that series, segregate and hold in trust for the benefit of
the Persons entitled thereto a sum in the Currency in which the Securities of
such series are payable (except as otherwise specified pursuant to Section 301
for the Securities of such series and except, if applicable, as provided in
Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal and any
premium and interest on Securities of such series so becoming due until such
sums shall be paid to such Persons or otherwise disposed of as herein provided
and will promptly notify the Trustee of its action or failure so to
act.

     

    Whenever
the Company shall have one or more Paying Agents for any series of Securities
and any related coupons, it will, prior to each due date of the principal of or
any premium and interest on any Securities, deposit with a Paying Agent a sum
(in the Currency described in the preceding paragraph) sufficient to pay such
amount so becoming due, such sum to be held as provided by the Trust Indenture
Act, and (unless such Paying Agent is the Trustee) the Company will promptly
notify the Trustee of its action or failure so to act.

     

    The
Company will cause each Paying Agent for any series of Securities other than the
Trustee to execute and deliver to the Trustee an instrument in which such Paying
Agent shall agree with the Trustee, subject to the provisions of this Section,
that such Paying Agent will (i) comply with the provisions of the Trust
Indenture Act applicable to it as a Paying Agent and (ii) during the continuance
of any default by the Company (or any other obligor upon the Securities) in the
making of any payment in respect of the Securities, and upon written request of
the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying
Agent for payment in respect of the Securities.

     

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

     

    Except as
provided in the Securities of any series, and subject to any applicable
abandoned Property laws, any money deposited with the Trustee or any Paying
Agent, or then held by the Company, in trust for the payment of the principal of
or any premium or interest on any Security of any series, or any coupon
appertaining thereto, and remaining unclaimed for two years after such
principal, premium and interest has become due and payable shall be paid to the
Company on Company Request, or (if then held by the Company or the Guarantor)
shall be discharged from such trust; and the Holder of such Security or coupon
shall thereafter, as an unsecured general creditor, look only to the Company
and, if applicable, the Guarantor for payment thereof, and all liability of the
Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company or the Guarantor as trustee thereof, shall thereupon cease; provided, however, that the
Trustee or such Paying Agent, before being required to make any such repayment,
may at the expense of the Company cause to be published once, in an Authorized
Newspaper in each Place of Payment, notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from
the date of such publication, any unclaimed balance of such money then remaining
will be repaid to the Company.

     

    SECTION
1004. Statement by Officers as to
Default

     

    .  (a)  The
Company and the Guarantor will deliver to the Trustee, within 120 days after the
end of each fiscal year of the Company ending after the date hereof, an
Officers’ Certificate, one of the signers of which shall be the principal
executive officer, principal financial officer or principal accounting officer
of the Company or the Guarantor, as the case may be, stating whether or not to
the best knowledge of the signers thereof the Company or the Guarantor, as the
case may be is in default in the performance and observance of any of the terms,
provisions and conditions of this Indenture (without regard to any period of
grace or requirement of notice provided hereunder) and, if the Company or the
Guarantor shall be in default, specifying all such defaults and the nature and
status thereof of which they may have knowledge.

     

    (b) The
Company and the Guarantor shall, so long as any of Securities of any series are
Outstanding, deliver to the Trustee, forthwith, but in no event later than 30
Business Days, upon any Officer becoming aware of any event which after notice
or lapse of time would become a Default or Event of Default under clauses (4) or
(6) of Section 501, a notice specifying such Default or Event of Default and
what action the Company or the Guarantor, as the case may be is taking or
proposes to take with respect thereto.

     

    SECTION
1005. Existence

     

    .  Subject
to Article Eight, the Company and, so long as any Securities in respect of which
Guarantees have been issued are Outstanding, the Guarantor will do or cause to
be done all things necessary to preserve and keep in full force and effect its
existence, rights (charter and statutory) and franchises; provided, however,
that neither the Company nor the Guarantor shall be required to preserve any
such right or franchise if its Board of Directors shall determine that the
preservation thereof is no longer desirable in the conduct of the business of
the Company or the Guarantor, as the case may be, and that the loss thereof is
not disadvantageous in any material respect to the Holders.

     

    SECTION
1006. Limitation on
Liens

     

    .  Unless
otherwise indicated with respect to the Securities, the Company and Holdings
each agree that it will not, and will not permit any Restricted Subsidiary to,
create, incur, issue, assume or guarantee any indebtedness for money borrowed
(“Debt”), secured by a Mortgage upon any Operating Property, or upon shares of
capital stock or Debt issued by any Restricted Subsidiary and owned by the
Company or Holdings or any Restricted Subsidiary, whether owned at the date of
this Indenture or hereafter acquired, without effectively providing concurrently
that the Outstanding Securities under this Indenture are secured equally and
ratably with or, at the option of the Company, prior to such Debt so long as
such Debt shall be so secured.  Unless, at the time of such creation,
incurrence, issuance, assumption or guarantee, after giving effect thereto and
to the retirement of any Debt which is concurrently being retired, the aggregate
amount of all such Debt secured by Mortgages which would otherwise be subject to
such restrictions (other than any Debt secured by Mortgages permitted in clauses
(1) through (7) of this Section 1006) plus all Attributable Debt of the Company,
Holdings, and the Restricted Subsidiaries in respect of Sale and Leaseback
Transactions with respect to Operating Properties (with the exception of such
Sale and Leaseback Transactions permitted under clauses (1) through (4) of
Section 1007) does not exceed 10% of Consolidated Net Tangible Assets; provided,
however, that this Section shall not apply to, and there shall be excluded from
Debt in any computation under this Section, Debt secured by:

     

    (1) Mortgages
on property existing at the time of the acquisition thereof;

     

    (2) Mortgages
on property of a corporation existing at the time such corporation is merged
into or consolidated with the Company, Holdings or a Restricted Subsidiary or at
the time of a sale, lease or other disposition of the properties of such
corporation (or a division thereof) as an entirety or substantially as an
entirety to the Company, Holdings or a Restricted Subsidiary, provided that any
such Mortgage does not extend to any property owned by the Company, Holdings or
any Restricted Subsidiary immediately prior to such merger, consolidation, sale,
lease or disposition;

     

    (3) Mortgages
on property of a corporation existing at the time such corporation becomes a
Restricted Subsidiary;

     

    (4) Mortgages
in favor of the Company, Holdings or a Restricted Subsidiary;

     

    (5) Mortgages
to secure all or part of the cost of acquisition, construction, development or
improvement of the underlying property, or to secure Debt incurred to provide
funds for any such purpose, provided that the commitment of
the creditor to extend the credit secured by any such Mortgage shall have been
obtained no later than 360 days after the later of (a) the completion of the
acquisition, construction, development or improvement of such property or (b)
the placing in operation of such property;

     

    (6) Mortgages
in favor of the United States of America or any State thereof, or any
department, agency or instrumentality or political subdivision thereof, to
secure partial, progress, advance or other payments; and

     

    (7) Mortgages
existing on the date of this Indenture or any extension, renewal, replacement or
refunding of any Debt secured by a Mortgage existing on the date of this
Indenture or referred to in clauses (1) to (3) or (5) of this Section 1006,
provided that
any such extension, renewal, replacement or refunding of such Debt shall be
created within 360 days of repaying the Debt secured by the Mortgage referred to
in clauses (1) to (3) or (5) and any such extension, renewal, replacement or
refunding of such Debt shall be created within 360 days of repaying the Debt
secured by the Mortgage referred to in clauses (1) to (3) or (5) and the
principal amount of Debt secured thereby and not otherwise authorized by clauses
(1) to (3) or (5) shall not exceed the principal amount of Debt, plus any
premium or fee payable in connection with any such extension, renewal,
replacement or refunding, so secured at the time of such extension, renewal,
replacement or refunding.

     

    SECTION
1007. Limitation on Sale and
Leaseback Transactions

     

    .  Unless
otherwise indicated with respect to any series of Securities, the Company and
Holdings each agree as to the Securities, that it will not, and it will not
permit any Restricted Subsidiary to, enter into any Sale and Leaseback
Transaction with respect to any Operating Property unless:

     

    (1) the Sale
and Leaseback Transaction is solely with the Company, Holdings or another
Restricted Subsidiary;

     

    (2) the lease
is for a period not in excess of twenty-four months, including
renewals;

     

    (3) the
Company, Holdings or such Restricted Subsidiary would (at the time of entering
into such arrangement) be entitled as described in clauses (1) through (7) of
Section 1006, without equally and ratably securing the Securities then
outstanding under this Indenture, to create, incur, issue, assume or guarantee
Debt secured by a Mortgage on such Operating Property in the amount of the
Attributable Debt arising from such Sale and Leaseback Transaction;

     

    (4) the
Company, Holdings or such Restricted Subsidiary within 360 days after the sale
of such Operating Property in connection with such Sale and Leaseback
Transaction is completed, applies an amount equal to the greater of (A) the net
proceeds of the sale of such Operating Property or (B) the fair market value of
such Operating Property to (i) the retirement of Securities, other Funded Debt
of the Company or Holdings ranking on a parity with the Securities or Funded
Debt of a Restricted Subsidiary or (ii) the purchase of Operating Property;
or

     

    (5) the
Attributable Debt of the Company, Holdings and its Restricted Subsidiaries in
respect of such Sale and Leaseback Transaction and all other Sale and Leaseback
Transactions entered into after the date of this Indenture (other than any such
Sale and Leaseback Transactions as would be permitted as described in clauses
(1) through (4) of this Section 1007), plus the aggregate principal amount of
Debt secured by Mortgages on Operating Properties then Outstanding (not
including any such Debt secured by Mortgages described in clauses (1) through
(7) of Section 1006) which do not equally and ratably secure such Outstanding
Security (or secure such Outstanding Security on a basis that is prior to other
Debt secured thereby), would not exceed 10% of Consolidated Net Tangible
Assets.

     

    SECTION
1008. SEC and Other
Reports

     

    .  The
Guarantor shall deliver to the Trustee, within 15 days after it files such
annual and quarterly reports, information, documents and other reports with the
SEC, copies of its annual report and of the information, documents and other
reports (or copies of such portions of any of the foregoing as the SEC may by
rules and regulations prescribe) which the Guarantor is required to file with
the SEC pursuant to Section 13 or 15 (d) of the Exchange Act.  The
Guarantor also shall comply with the provisions of TIA Section
314(a).  Delivery of such reports, information and documents to the
Trustee is for informational purposes only and the Trustee’s receipt of the same
shall not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Guarantor’s
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officer’s Certificate).

     

    SECTION
1009. Further Instruments and
Acts

     

    .  Upon
request of the Trustee or as otherwise necessary, the Company will execute and
deliver such further instruments and do such further acts or as otherwise
necessary may be reasonably necessary or proper to carry out more effectively
the purposes of this Indenture.

     

    SECTION
1010. Calculation of Original
Issue Discount

     

    .  Upon
request of the Trustee, the Company shall file with the Trustee promptly at the
end of each calendar year a written notice specifying the amount of original
issue discount (including daily rates and accrual periods), if any, accrued on
Outstanding Securities as of the end of such year.

     

    SECTION
1011. Additional
Amounts

     

    .  If
any Securities of a series provide for the payment of additional amounts to any
Holder who is not a United States person in respect of any tax, assessment or
governmental charge (“Additional Amounts”), the Company will pay to the Holder
of any Security of such series or any coupon appertaining thereto such
Additional Amounts as may be specified as contemplated by Section
301.  Whenever in this Indenture there is mentioned, in any context,
the payment of the principal (or premium, if any) or interest, if any, on, or in
respect of, any Security of a series or payment of any related coupon or the net
proceeds received on the sale or exchange of any Security of a series, such
mention shall be deemed to include mention of the payment of Additional Amounts
provided for by the terms of such series established pursuant to Section 301 to
the extent that, in such context, Additional Amounts are, were or would be
payable in respect thereof pursuant to such terms and express mention of the
payment of Additional Amounts (if applicable) in any provisions hereof shall not
be construed as excluding Additional Amounts in those provisions hereof where
such express mention is not made.

     

    Except as
otherwise specified as contemplated by Section 301, if the Securities of a
series provide for the payment of Additional Amounts, at least 10 days prior to
the first Interest Payment Date with respect to that series of Securities (or if
the Securities of that series will not bear interest prior to Maturity, the
first day on which a payment of principal (and premium, if any) is made), and at
least 10 days prior to each date of payment of principal (or premium, if any) or
interest if there has been any change with respect to the matters set forth in
the below-mentioned Officer’s Certificate, the Company will furnish the Trustee
and the Company’s principal Paying Agent or Paying Agents, if other than the
Trustee, with an Officer’s Certificate instructing the Trustee and such Paying
Agent or Paying Agents whether such payment of principal, premium or interest on
the Securities of that series shall be made to Holders of Securities of that
series or any related coupons who are not United States persons without
withholding for or on account of any tax, assessment or other governmental
charge described in the Securities of the series.  If any such
withholding shall be required, then such Officer’s Certificate shall specify by
country the amount, if any, required to be withheld on such payments to such
Holders of Securities of that series or related coupons and the Company will pay
to the Trustee or such Paying Agent the Additional Amounts required by the terms
of such Securities.  In the event that the Trustee or any Paying
Agent, as the case may be, shall not so receive the above-mentioned certificate,
then the Trustee or such Paying Agent shall be entitled to (i) assume that no
such withholding or deduction is required with respect to any payment of
principal of (or premium, if any) or interest, if any, on any Securities of a
series or related coupons until it shall have received a certificate advising
otherwise and (ii) to make all payments of principal of (and premium, if any)
and interest, if any, on the Securities of a series or related coupons without
withholding or deductions until otherwise advised.  The Company
covenants to indemnify the Trustee, any Paying Agent, and their respective
officers, directors, employees, and agents for, and to hold them harmless
against, any loss, liability or expense reasonably incurred without negligence
or bad faith on their part arising out of or in connection with actions taken or
omitted by any of them in reliance on any Officer’s Certificate furnished
pursuant to this Section.  This sentence shall survive the termination
of this Indenture and the earlier resignation or removal of the
Trustee.

     

    SECTION
1012. Waiver of Certain
Covenants

     

    .  The
Company or the Guarantor, if applicable, may, with respect to any series of
Securities, omit in any particular instance to comply with any term, provision
or condition which affects such series set forth in Sections 1005, 1006 and
1012, inclusive, or, as specified pursuant to Section 301(15) for Securities of
such series, in any covenants of the Company added to Article Ten pursuant to
Section 301(14) or Section 301(15) in connection with Securities of such series,
if the Holders of at least a majority in principal amount of all Outstanding
Securities affected by such term, provision or condition, by Act of such
Holders, waive such compliance in such instance with such term, provision or
condition, but no such waiver shall extend to or affect such term, provision or
condition except to the extent so expressly waived, and, until such waiver shall
become effective, the obligations of the Company and the duties of the Trustee
to Holders of Securities of such series in respect of any such term, provision
or condition shall remain in full force and effect.

     

     

    ARTICLE
ELEVEN                                           

     

    REDEMPTION
OF SECURITIES

    SECTION
1101. Applicability of
Article

     

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

     

    SECTION
1102. Election to Redeem; Notice
to Trustee

     

    .  The
election of the Company to redeem any Securities shall be evidenced by or
pursuant to a Board Resolution.  In case of any redemption at the
election of the Company, the Company shall, at least 60 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be
satisfactory to the Trustee), notify the Trustee of such Redemption Date and of
the principal amount of Securities of such series to be redeemed and shall
deliver to the Trustee such documentation and records as shall enable the
Trustee to select the Securities to be redeemed pursuant to Section
1103.  In the case of any redemption of Securities prior to the
expiration of any restriction on such redemption provided in the terms of such
Securities or elsewhere in this Indenture, the Company shall furnish the Trustee
with an Officer’s Certificate evidencing compliance with such
restriction.

     

    SECTION
1103. Selection by Trustee of
Securities to Be Redeemed

     

    .  If
less than all the Securities of any series are to be redeemed, the particular
Securities to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee, from the Outstanding Securities of such series
not previously called for redemption, by such method as the Trustee shall deem
fair and appropriate and which may provide for the selection for redemption of
portions of the principal of Securities of such series; provided, however, that
no such partial redemption shall reduce the portion of the principal amount of a
Security not redeemed to less than the minimum authorized denomination for
Securities of such series established pursuant to Section 301.

     

    The
Trustee shall promptly notify the Company in writing of the Securities selected
for redemption and, in the case of any Securities selected for partial
redemption, the principal amount thereof to be redeemed.

     

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

     

    SECTION
1104. Notice of
Redemption

     

    .  Except
as otherwise specified as contemplated by Section 301 for Securities of any
series, notice of redemption shall be given in the manner provided for in
Section 106 not less than 30 nor more than 60 days prior to the Redemption Date,
to each Holder of Securities to be redeemed.

     

    Except as
otherwise specified as contemplated by Section 301 for Securities of any series,
all notices of redemption shall state:

     

    (1) the
Redemption Date,

     

    (2) the
Redemption Price (if known) or the formula pursuant to which the Redemption
Price is to be determined if the Redemption Price cannot be determined at the
time the notice is given,

     

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

     

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

     

    (5) that on
the Redemption Date, the Redemption Price and accrued interest, if any, to the
Redemption Date payable as provided in Section 1106 will become due and payable
upon each such Security, or the portion thereof, to be redeemed and, if
applicable, that interest thereon will cease to accrue on and after said
date,

     

    (6) the Place
or Places of Payment (which in the case of Bearer Securities shall be outside
the United States) where such Securities, together in the case of Bearer
Securities with all coupons appertaining thereto, if any, maturing after the
Redemption Date, are to be surrendered for payment of the Redemption Price and
accrued interest, if any,

     

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

     

    (8) that,
unless otherwise specified in such notice, Bearer Securities of any series, if
any, surrendered for redemption must be accompanied by all coupons maturing
subsequent to the Redemption Date or the amount of any such missing coupon or
coupons will be deducted from the Redemption Price unless security or indemnity
satisfactory to the Company, the Guarantor, if applicable, the Trustee and any
Paying Agent is furnished,

     

    (9) if Bearer
Securities of any series are to be redeemed and any Registered Securities of
such series are not to be redeemed, and if such Bearer Securities may be
exchanged for Registered Securities not subject to redemption on such Redemption
Date pursuant to Section 305 or otherwise, the last date, as determined by the
Company, on which such exchanges may be made,

     

    (10) the
CUSIP, ISIN or other similar numbers, if any, assigned to such Securities;
provided, however, that such notice may state that no representation is made as
to the correctness of CUSIP, ISIN or other similar numbers, in which case none
of the Company, the Trustee or any agent of the Company or the Trustee shall
have any liability in respect of the use of any CUSIP, ISIN or other similar
number or numbers on such notices, and the redemption of such Securities shall
not be affected by any defect in or omission of such numbers, and

     

    (11) such
other matters as the Company shall deem desirable or appropriate.

     

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

     

    SECTION
1105. Deposit of Redemption
Price

     

    .  On
or prior to any Redemption Date, the Company shall deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent, which
it may not do in the case of a sinking fund payment under Article Twelve,
segregate and hold in trust as provided in Section 1003) an amount of money in
the Currency in which the Securities of such series are payable (except as
otherwise specified pursuant to Section 301 for the Securities of such series
and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e))
sufficient to pay on the Redemption Date the Redemption Price of, and (except if
the Redemption Date shall be an Interest Payment Date) accrued interest, if any,
on, all the Securities or portions thereof which are to be redeemed on that
date.

     

    SECTION
1106. Securities Payable on
Redemption Date

     

    .  Notice
of redemption having been given as aforesaid, the Securities so to be redeemed
shall, on the Redemption Date, become due and payable at the Redemption Price
therein specified in the Currency in which the Securities of such series are
payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series and except, if applicable, as provided in Sections
312(b), 312(d) and 312(e)) (together with accrued interest, if any, to the
Redemption Date), and from and after such date (unless the Company and, if
applicable, the Guarantor shall default in the payment of the Redemption Price
and accrued interest, if any) such Securities shall, if the same were
interest-bearing, cease to bear interest and the coupons for such interest
appertaining to any Bearer Securities so to be redeemed, except to the extent
provided below, shall be void.  Upon surrender of any such Security
for redemption in accordance with said notice, together with all coupons, if
any, appertaining thereto maturing after the Redemption Date, such Security
shall be paid by the Company at the Redemption Price, together with accrued
interest, if any, to the Redemption Date; provided, however, that installments
of interest on Bearer Securities whose Stated Maturity is on or prior to the
Redemption Date shall be payable only at an office or agency located outside the
United States (except as otherwise provided in Section 1002) and, unless
otherwise specified as contemplated by Section 301, only upon presentation and
surrender of coupons for such interest; and provided further that
installments of interest on Registered Securities whose Stated Maturity is on or
prior to the Redemption Date shall be payable to the Holders of such Securities,
or one or more Predecessor Securities, registered as such at the close of
business on the relevant Record Dates according to their terms and the
provisions of Section 307.

     

    If any
Bearer Security surrendered for redemption shall not be accompanied by all
appurtenant coupons maturing after the Redemption Date, such Security may be
paid after deducting from the Redemption Price an amount equal to the face
amount of all such missing coupons, or the surrender of such missing coupon or
coupons may be waived by the Company and the Trustee if there be furnished to
them such security or indemnity as they may require to save each of them and any
Paying Agent harmless.  If thereafter the Holder of such Security
shall surrender to the Trustee or any Paying Agent any such missing coupon in
respect of which a deduction shall have been made from the Redemption Price,
such Holder shall be entitled to receive the amount so deducted; provided,
however, that interest represented by coupons shall be payable only at an office
or agency located outside the United States (except as otherwise provided in
Section 1002) and, unless otherwise specified as contemplated by Section 301,
only upon presentation and surrender of those coupons.

     

    If any
Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium, if any) shall, until paid, bear interest
from the Redemption Date at the rate of interest or Yield to Maturity (in the
case of Original Issue Discount Securities) set forth in such
Security.

     

    SECTION
1107. Securities Redeemed in
Part

     

    .  Any
Security which is to be redeemed only in part (pursuant to the provisions of
this Article or of Article Twelve) shall be surrendered at a Place of Payment
therefor (with, if the Company, the Guarantor or the Trustee so requires, due
endorsement by, or a written instrument of transfer in form satisfactory to the
Company, the Guarantor and the Trustee duly executed by, the Holder thereof or
such Holder’s attorney duly authorized in writing), and the Company shall
execute, and the Trustee shall authenticate and deliver to the Holder of such
Security without service charge, a new Security or Securities of the same series
and of like tenor, of any authorized denomination as requested by such Holder,
in aggregate principal amount equal to and in exchange for the unredeemed
portion of the principal of the Security so surrendered, with, if applicable,
Guarantees endorsed thereon duly executed by the Guarantor.

     

     

    ARTICLE
TWELVE                                                      

     

    SINKING
FUNDS

    SECTION
1201. Applicability of
Article

     

    .  Retirements
of Securities of any series pursuant to any sinking fund shall be made in
accordance with the terms of such Securities and (except as otherwise specified
as contemplated by Section 301 for Securities of any series) in accordance with
this Article.

     

    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 mandatory sinking fund payment may be subject to
reduction as provided in Section 1202.  Each sinking fund payment
shall be applied to the redemption of Securities of any series as provided for
by the terms of Securities of such series.

     

    SECTION
1202. Satisfaction of Sinking Fund
Payments with Securities

     

    .  Subject
to Section 1203, in lieu of making all or any part of any mandatory sinking fund
payment with respect to any Securities of a series in cash, the Company may at
its option (1) deliver to the Trustee Outstanding Securities of a series (other
than any previously called for redemption) theretofore purchased or otherwise
acquired by the Company, together, in the case of any Bearer Securities of such
series, with all unmatured coupons appertaining thereto, and/or (2) receive
credit for the principal amount of Securities of such series which have been
previously delivered to the Trustee by the Company or for Securities of such
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 mandatory sinking fund payment with
respect to the Securities of the same series required to be made pursuant to the
terms of such Securities as provided for by the terms of such series; provided,
however, 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
mandatory sinking fund payment shall be reduced accordingly.

     

    SECTION
1203. Redemption of Securities for
Sinking Fund

     

    .  Not
less than 60 days prior to each sinking fund payment date for any series of
Securities, the Company will deliver to the Trustee an Officer’s Certificate
specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of that series, the portion thereof, if any, which is to
be satisfied by payment of cash in the Currency in which the Securities of such
series are payable (except as otherwise specified pursuant to Section 301 for
the Securities of such series and except, if applicable, as provided in Sections
312(b), 312(d) and 312(e)) and the portion thereof, if any, which is to be
satisfied by delivering or crediting Securities of that series pursuant to
Section 1202 (which Securities will, if not previously delivered, accompany such
certificate) and whether the Company intends to exercise its right to make a
permitted optional sinking fund payment with respect to such
series.  Such certificate shall be irrevocable and upon its delivery
the Company shall be obligated to make the cash payment or payments therein
referred to, if any, on or before the next succeeding sinking fund payment
date.  In the case of the failure of the Company to deliver such
certificate, the sinking fund payment due on the next succeeding sinking fund
payment date for that series shall be paid entirely in cash and shall be
sufficient to redeem the principal amount of such Securities subject to a
mandatory sinking fund payment without the option to deliver or credit
Securities as provided in Section 1202 and without the right to make any
optional sinking fund payment, if any, with respect to such series.

     

    Not more
than 60 days before each such sinking fund payment date the Trustee shall select
the Securities to be redeemed upon such sinking fund payment date in the manner
specified in Section 1103 and cause notice of the redemption thereof to be given
in the name of and at the expense of the Company in the manner provided in
Section 1104.  Such notice having been duly given, the redemption of
such Securities shall be made upon the terms and in the manner stated in
Sections 1106 and 1107.

     

    Prior to
any sinking fund payment date, the Company shall pay to the Trustee or a Paying
Agent (or, if the Company is acting as its own Paying Agent, segregate and hold
in trust as provided in Section 1003) in cash a sum equal to the principal (and
premium, if any) and any interest that will accrue to the date fixed for
redemption of Securities or portions thereof to be redeemed on such sinking fund
payment date pursuant to this Section 1203.

     

    Notwithstanding
the foregoing, with respect to a sinking fund for any series of Securities, if
at any time the amount of cash to be paid into such sinking fund on the next
succeeding sinking fund payment date, together with any unused balance of any
preceding sinking fund payment or payments for such series, does not exceed in
the aggregate $100,000, the Trustee, unless requested by the Company, shall not
give the next succeeding notice of the redemption of Securities of such series
through the operation of the sinking fund.  Any such unused balance of
moneys deposited in such sinking fund shall be added to the sinking fund payment
for such series to be made in cash on the next succeeding sinking fund payment
date or, at the request of the Company, shall be applied at any time or from
time to time to the purchase of Securities of such series, by public or private
purchase, in the open market or otherwise, at a purchase price for such
Securities (excluding accrued interest and brokerage commissions, for which the
Trustee or any Paying Agent will be reimbursed by the Company) not in excess of
the principal amount thereof.

     

     

    ARTICLE
THIRTEEN                                                      

     

    REPAYMENT
AT OPTION OF HOLDERS

    SECTION
1301. Applicability of
Article

     

    .  Repayment
of Securities of any series before their Stated Maturity at the option of
Holders thereof shall be made in accordance with the terms of such Securities
and (except as otherwise specified as contemplated by Section 301 for Securities
of any series) in accordance with this Article.

     

    SECTION
1302. Repayment of
Securities

     

    .  Securities
of any series subject to repayment in whole or in part at the option of the
Holders thereof will, unless otherwise provided in the terms of such Securities,
be repaid at the Repayment Price thereof, together with interest, if any,
thereon accrued to the Repayment Date specified in or pursuant to the terms of
such Securities.  The Company covenants that on or before the
Repayment Date it will deposit with the Trustee or with a Paying Agent (or, if
the Company or the Guarantor is acting as its own Paying Agent, segregate and
hold in trust as provided in Section 1003) an amount of money in the Currency in
which the Securities of such series are payable (except as otherwise specified
pursuant to Section 301 for the Securities of such series and except, if
applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay
the Repayment Price of, and (except if the Repayment Date shall be an Interest
Payment Date) accrued interest, if any, on, all the Securities or portions
thereof, as the case may be, to be repaid on such date.

     

    SECTION
1303. Exercise of
Option

     

    .  Securities
of any series subject to repayment at the option of the Holders thereof will
contain an “Option to Elect Repayment” form on the reverse of such
Securities.  To be repaid at the option of the Holder, any Security so
providing for such repayment, with the “Option to Elect Repayment” form on the
reverse of such Security duly completed by the Holder (or by the Holder’s
attorney duly authorized in writing), must be received by the Company at the
Place of Payment therefor specified in the terms of such Security (or at such
other place or places of which the Company shall from time to time notify the
Holders of such Securities) not earlier than 45 days nor later than 30 days
prior to the Repayment Date.  If less than the entire Repayment Price
of such Security is to be repaid in accordance with the terms of such Security,
the portion of the Repayment Price of such Security to be repaid, in increments
of the minimum denomination for Securities of such series, and the denomination
or denominations of the Security or Securities to be issued to the Holder for
the portion of such Security surrendered that is not to be repaid, must be
specified.  Any Security providing for repayment at the option of the
Holder thereof may not be repaid in part if, following such repayment, the
unpaid principal amount of such Security would be less than the minimum
authorized denomination of Securities of the series of which such Security to be
repaid is a part.  Except as otherwise may be provided by the terms of
any Security providing for repayment at the option of the Holder thereof,
exercise of the repayment option by the Holder shall be irrevocable unless
waived by the Company.

     

    SECTION
1304. When Securities Presented
for Repayment Become Due and Payable

     

    .  If
Securities of any series providing for repayment at the option of the Holders
thereof shall have been surrendered as provided in this Article and as provided
by or pursuant to the terms of such Securities, such Securities or the portions
thereof, as the case may be, to be repaid shall become due and payable and shall
be paid by the Company on the Repayment Date therein specified, and on and after
such Repayment Date (unless the Company and, if applicable, the Guarantor shall
default in the payment of such Securities on such Repayment Date) such
Securities shall, if the same were interest-bearing, cease to bear interest and
the coupons for such interest appertaining to any Bearer Securities so to be
repaid, except to the extent provided below, shall be void.  Upon
surrender of any such Security for repayment in accordance with such provisions,
together with all coupons, if any, appertaining thereto maturing after the
Repayment Date, the Repayment Price of such Security so to be repaid shall be
paid by the Company, together with accrued interest, if any, to the Repayment
Date; provided, however, that coupons whose Stated Maturity is on or prior to
the Repayment Date shall be payable only at an office or agency located outside
the United States (except as otherwise provided in Section 1002) and, unless
otherwise specified pursuant to Section 301, only upon presentation and
surrender of such coupons; and provided further that, in the
case of Registered Securities, installments of interest, if any, whose Stated
Maturity is on or prior to the Repayment Date shall be payable to the Holders of
such Securities, or one or more Predecessor Securities, registered as such at
the close of business on the relevant Record Dates according to their terms and
the provisions of Section 307.

     

    If any
Bearer Security surrendered for repayment shall not be accompanied by all
appurtenant coupons maturing after the Repayment Date, such Security may be paid
after deducting from the amount payable therefor as provided in Section 1302 an
amount equal to the face amount of all such missing coupons, or the surrender of
such missing coupon or coupons may be waived by the Company, the Guarantor, if
applicable, and the Trustee if there be furnished to them such security or
indemnity as they may require to save each of them and any Paying Agent
harmless.  If thereafter the Holder of such Security shall surrender
to the Trustee or any Paying Agent any such missing coupon in respect of which a
deduction shall have been made as provided in the preceding sentence, such
Holder shall be entitled to receive the amount so deducted; provided, however, that
interest represented by coupons shall be payable only at an office or agency
located outside the United States (except as otherwise provided in Section 1002)
and, unless otherwise specified as contemplated by Section 301, only upon
presentation and surrender of those coupons.

     

    If the
principal amount of any Security surrendered for repayment shall not be so
repaid upon surrender thereof, such principal amount (together with interest, if
any, thereon accrued to such Repayment Date) shall, until paid, bear interest
from the Repayment Date at the rate of interest or Yield to Maturity (in the
case of Original Issue Discount Securities) set forth in such
Security.

     

    SECTION
1305. Securities Repaid in
Part

     

    .  Upon
surrender of any Registered Security which is to be repaid in part only, the
Company shall execute and the Trustee shall authenticate and deliver to the
Holder of such Security, without service charge and at the expense of the
Company, a new Registered Security or Securities of the same series, and of like
tenor, of any authorized denomination specified by the Holder, in an aggregate
principal amount equal to and in exchange for the portion of the principal of
such Security so surrendered which is not to be repaid with, if applicable,
Guarantees endorsed thereon duly executed by the Guarantor.

     

     

    ARTICLE
FOURTEEN                                                      

     

    DEFEASANCE
AND COVENANT DEFEASANCE

    SECTION
1401. Company’s Option to Effect
Defeasance or Covenant Defeasance

     

    .  Except
as otherwise specified as contemplated by Section 301 for Securities of any
series, the provisions of this Article Fourteen shall apply to each series of
Securities, and the Company may, at its option, effect defeasance of the
Securities of or within a series under Section 1402, or covenant defeasance of
or within a series under Section 1403 in accordance with the terms of such
Securities and in accordance with this Article.

     

    SECTION
1402. Defeasance and
Discharge

     

    .  Upon
the Company’s exercise of the above option applicable to this Section with
respect to any Securities of or within a series, the Company shall be deemed to
have been discharged from its obligations with respect to such Outstanding
Securities and any related coupons on the date the conditions set forth in
Section 1404 are satisfied (hereinafter, “defeasance”).  For this
purpose, such defeasance means that the Company and the Guarantor shall be
deemed to have paid and discharged the entire indebtedness represented by such
Outstanding Securities and any related coupons, which shall thereafter be deemed
to be “Outstanding” only for the purposes of Section 1405 and the other Sections
of this Indenture referred to in (A) and (B) below, and to have satisfied all
its other obligations under such Securities and any related coupons and this
Indenture insofar as such Securities and any related coupons are concerned (and
the Trustee, at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following which shall survive until
otherwise terminated or discharged hereunder:  (A) the rights of
Holders of such Outstanding Securities and any related coupons to receive,
solely from the trust fund described in Section 1404 and as more fully set forth
in such Section, payments in respect of the principal of (and premium, if any)
and interest, if any, on such Securities and any related coupons when such
payments are due, (B) the Company’s obligations and, to the extent applicable,
the Guarantor’s obligations with respect to such Securities under Sections 304,
305, 306, 1002 and 1003 and with respect to the payment of Additional Amounts,
if any, on such Securities as contemplated by Section 1011 and such obligations
as shall be ancillary thereto, (C) the rights, powers, trusts, duties and
immunities of the Trustee hereunder including, without limitation, Section 606
and the penultimate paragraph of Section 1405 and (D) this Article
Fourteen.  Subject to compliance with this Article Fourteen, the
Company may exercise its option under this Section 1402 notwithstanding the
prior exercise of its option under Section 1403 with respect to such Securities
and any related coupons.

     

    SECTION
1403. Covenant
Defeasance

     

    .  Upon
the Company’s exercise of the above option applicable to this Section with
respect to any Securities of or within a series, the Company shall be released
from its obligations under Sections 801 and 802 and Sections 1005, 1006 and
1012, and, if specified pursuant to Section 301, its obligations under any other
covenant, with respect to such Outstanding Securities and any related coupons on
and after the date the conditions set forth in Section 1404 are satisfied
(hereinafter, “covenant defeasance”), and such Securities and any related
coupons shall thereafter be deemed not to be “Outstanding” for the purposes of
any direction, waiver, consent or declaration or Act of Holders (and the
consequences of any thereof) in connection with such covenants, but shall
continue to be deemed “Outstanding” for all other purposes
hereunder.  For this purpose, such covenant defeasance means that,
with respect to such Outstanding Securities and any related coupons, the Company
may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such covenant, whether directly or
indirectly, by reason of any reference elsewhere herein to any such covenant or
by reason of reference in any such covenant to any other provision herein or in
any other document and such omission to comply shall not constitute a Default or
an Event of Default under Section 501(4) or Section 501(9) or otherwise, as the
case may be, but, except as specified above, the remainder of this Indenture and
such Securities and any related coupons shall be unaffected
thereby.

     

    SECTION
1404. Conditions to Defeasance or
Covenant Defeasance

     

    .  The
following shall be the conditions to application of either Section 1402 or
Section 1403 to any Outstanding Securities of or within a series and any related
coupons:

     

    (1) The
Company or the Guarantor, if applicable, shall irrevocably have deposited or
caused to be deposited with the Trustee (or another trustee satisfying the
requirements of Section 607 who shall agree to comply with the provisions of
this Article Fourteen applicable to it) as trust funds in trust for the purpose
of making the following payments, specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of such Securities and any
related coupons, (A) an amount (in such Currency in which such Securities and
any related coupons are then specified as payable at Stated Maturity), or (B)
Government Obligations applicable to such Securities (determined on the basis of
the Currency in which such Securities are then specified as payable at Stated
Maturity) which through the scheduled payment of principal and interest in
respect thereof in accordance with their terms will provide, not later than one
day before the due date of any payment of principal of and premium, if any, and
interest, if any, under such Securities and any related coupons, money in an
amount, or (C) a combination thereof, sufficient, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge, and which
shall be applied by the Trustee (or other qualifying trustee) to pay and
discharge, (i) the principal of (and premium, if any) and interest, if any, on
such Outstanding Securities and any related coupons on the Stated Maturity (or
Redemption Date, if applicable) of such principal (and premium, if any) or
installment of interest, if any, and (ii) any mandatory sinking fund payments or
analogous payments applicable to such Outstanding Securities and any related
coupons on the day on which such payments are due and payable in accordance with
the terms of this Indenture and of such Securities and any related coupons;
provided that
the Trustee shall have been irrevocably instructed to apply such money or the
proceeds of such Government Obligations to said payments with respect to such
Securities and any related coupons.  Before such a deposit, the
Company may give to the Trustee, in accordance with Section 1102 hereof, a
notice of its election to redeem all or any portion of such Outstanding
Securities at a future date in accordance with the terms of the Securities of
such series and Article Eleven hereof, which notice shall be
irrevocable.  Such irrevocable redemption notice, if given, shall be
given effect in applying the foregoing.

     

    (2) No
Default or Event of Default with respect to such Securities or any related
coupons shall have occurred and be continuing on the date of such deposit or,
insofar as paragraphs (7) and (8) of Section 501 are concerned, at any time
during the period ending on the 91st day after the date of such deposit (it
being understood that this condition shall not be deemed satisfied until the
expiration of such period).

     

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

     

    (4) In the
case of an election under Section 1402, the Company shall have delivered to the
Trustee an Opinion of Counsel stating that (x) the Company has received from, or
there has been published by, the Internal Revenue Service a ruling, or (y) since
the date of execution of this Indenture, there has been a change in the
applicable federal income tax law, in either case to the effect that, and based
thereon such opinion shall confirm that, the Holders of such Outstanding
Securities and any related coupons will not recognize income, gain or loss for
federal income tax purposes as a result of the deposit and such defeasance and
will be subject to federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if the deposit and such
defeasance had not occurred.

     

    (5) In the
case of an election under Section 1403, the Company shall have delivered to the
Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding
Securities and any related coupons will not recognize income, gain or loss for
federal income tax purposes as a result of such covenant defeasance and will be
subject to federal income tax on the same amounts, in the same manner and at the
same times as would have been the case if the deposit and such covenant
defeasance had not occurred.

     

    (6) Notwithstanding
any other provisions of this Section, such defeasance or covenant defeasance
shall be effected in compliance with any additional or substitute terms,
conditions or limitations in connection therewith pursuant to Section
301.

     

    (7) The
Company shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for
relating to either the defeasance under Section 1402 or the covenant defeasance
under Section 1403 (as the case may be) have been complied with.

     

    SECTION
1405. Deposited Money and
Government Obligations to Be Held in Trust; Other Miscellaneous
Provisions

     

    .  Subject
to the provisions of the last paragraph of Section 1003, all money and
Government Obligations (or other property as may be provided pursuant to Section
301) (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 1405, the
“Trustee”) pursuant to Section 1404 in respect of such Outstanding Securities
and any related coupons shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Securities and any related coupons and
this Indenture, to the payment, either directly or through any Paying Agent
(including the Company or the Guarantor acting as its own Paying Agent) as the
Trustee may determine, to the Holders of such Securities and any related coupons
of all sums due and to become due thereon in respect of principal (and premium,
if any) and interest, if any, but such money need not be segregated from other
funds except to the extent required by law.

     

    Unless
otherwise specified with respect to any Security pursuant to Section 301, if,
after a deposit referred to in Section 1404(1) has been made, (a) the Holder of
a Security in respect of which such deposit was made is entitled to, and does,
elect pursuant to Section 312(b) or the terms of such Security to receive
payment in a Currency other than that in which the deposit pursuant to Section
1404(1) has been made in respect of such Security, or (b) a Conversion Event
occurs as contemplated in Section 312(d) or 312(e) or by the terms of any
Security in respect of which the deposit pursuant to Section 1404(1) has been
made, the indebtedness represented by such Security and any related coupons
shall be deemed to have been, and will be, fully discharged and satisfied
through the payment of the principal of (and premium, if any) and interest, if
any, on such Security as they become due out of the proceeds yielded by
converting (from time to time as specified below in the case of any such
election) the amount or other property deposited in respect of such Security
into the Currency in which such Security becomes payable as a result of such
election or Conversion Event based on the applicable Market Exchange Rate for
such Currency in effect on the third Business Day prior to each payment date,
except, with respect to a Conversion Event, for such Currency in effect (as
nearly as feasible) at the time of the Conversion Event.

     

    The
Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the cash or Government Obligations deposited
pursuant to Section 1404 or the principal and interest received in respect
thereof other than any such tax, fee or other charge which by law is for the
account of the Holders of such Outstanding Securities and any related
coupons.  The foregoing sentence shall survive the termination of this
Indenture and the earlier resignation or removal of the Trustee.

     

    Anything
in this Article Fourteen to the contrary notwithstanding, the Trustee shall
deliver or pay to the Company from time to time upon Company Request any money
or Government Obligations (or other property and any proceeds therefrom) held by
it as provided in Section 1404 which, in the opinion of a nationally recognized
firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, are in excess of the amount thereof which
would then be required to be deposited to effect an equivalent defeasance or
covenant defeasance, as applicable, in accordance with this
Article.

     

    SECTION
1406. Reinstatement

     

    .  If
the Trustee or any Paying Agent is unable to apply any money in accordance with
Section 1405 with respect to any Securities by reason of any order or judgment
of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the Company’s obligations under this
Indenture and such Securities and any related coupons shall be revived and
reinstated as though no deposit had occurred pursuant to Section 1402 or 1403,
as the case may be, until such time as the Trustee or Paying Agent is permitted
to apply all such money in accordance with Section 1405; provided, however, that if the
Company makes any payment of principal of (or premium, if any) or interest, if
any, on any such Security or any related coupon following the reinstatement of
its obligations, the Company shall be subrogated to the rights of the Holders of
such Securities and any related coupons to receive such payment from the money
held by the Trustee or Paying Agent.

     

     

    ARTICLE
FIFTEEN                                                      

     

    MEETINGS
OF HOLDERS OF SECURITIES

    SECTION
1501. Purposes for Which Meetings
May Be Called

     

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

     

    SECTION
1502. Call, Notice and Place of
Meetings

     

    .  (a)  The
Trustee may at any time call a meeting of Holders of Securities of any series
for any purpose specified in Section 1501, to be held at such time and at such
place in The City of New York or in London as the Trustee shall
determine.  Notice of every meeting of Holders of Securities of any
series, setting forth the time and the place of such meeting and in general
terms the action proposed to be taken at such meeting, shall be given, in the
manner provided for in Section 106, not less than 21 nor more than 180 days
prior to the date fixed for the meeting.

     

    (b) In case
at any time the Company, pursuant to a Board Resolution, or the Holders of at
least 10% in principal amount of the Outstanding Securities of any series shall
have requested the Trustee to call a meeting of the Holders of Securities of
such series for any purpose specified in Section 1501, by written request
setting forth in reasonable detail the action proposed to be taken at the
meeting, and the Trustee shall not have made the first publication of the notice
of such meeting within 21 days after receipt of such request or shall not
thereafter proceed to cause the meeting to be held as provided herein, then the
Company or the Holders of Securities of such series in the amount above
specified, as the case may be, may determine the time and the place in The City
of New York or in London for such meeting and may call such meeting for such
purposes by giving notice thereof as provided in paragraph (a) of this
Section.

     

    SECTION
1503. Persons Entitled to Vote at
Meetings

     

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

     

    SECTION
1504. Quorum;
Action

     

    .  The
Persons entitled to vote a majority in principal amount of the Outstanding
Securities of a series shall constitute a quorum for a meeting of Holders of
Securities of such series; provided, however, that, if any
action is to be taken at such meeting with respect to a consent or waiver which
this Indenture expressly provides may be given by the Holders of not less than a
specified percentage in principal amount of the Outstanding Securities of a
series, the Persons entitled to vote such specified percentage in principal
amount of the Outstanding Securities of such series shall constitute a quorum.
In the absence of a quorum within 30 minutes of the time appointed for any such
meeting, the meeting shall, if convened at the request of Holders of Securities
of such series, be dissolved.  In any other case the meeting may be
adjourned for a period of not less than 10 days as determined by the chairman of
the meeting prior to the adjournment of such meeting.  In the absence
of a quorum at any such adjourned meeting, such adjourned meeting may be further
adjourned for a period of not less than 10 days as determined by the chairman of
the meeting prior to the adjournment of such adjourned
meeting.  Notice of the reconvening of any adjourned meeting shall be
given as provided in Section 1502(a), except that such notice need be given only
once not less than five days prior to the date on which the meeting is scheduled
to be reconvened.  Notice of the reconvening of any adjourned meeting
shall state expressly the percentage, as provided above, of the principal amount
of the Outstanding Securities of such series which shall constitute a
quorum.

     

    Except as
limited by the proviso to Section 902, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may
be adopted by the affirmative vote of the Holders of not less than a majority in
principal amount of the Outstanding Securities of such series; provided, however, that, except
as limited by the proviso to Section 902, any resolution with respect to any
request, demand, authorization, direction, notice, consent, waiver or other
action which this Indenture expressly provides may be made, given or taken by
the Holders of a specified percentage, which is less than a majority, in
principal amount of the Outstanding Securities of a series may be adopted at a
meeting or an adjourned meeting duly reconvened and at which a quorum is present
as aforesaid by the affirmative vote of the Holders of not less than such
specified percentage in principal amount of the Outstanding Securities of such
series.

     

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

     

    Notwithstanding
the foregoing provisions of this Section 1504, if any action is to be taken at a
meeting of Holders of Securities of any series with respect to any request,
demand, authorization, direction, notice, consent, waiver or other action that
this Indenture expressly provides may be made, given or taken by the Holders of
a specified percentage in principal amount of all Outstanding Securities
affected thereby, or of the Holders of such series and one or more additional
series:

     

    (a) there
shall be no minimum quorum requirement for such meeting; and

     

    (b) the
principal amount of the Outstanding Securities of such series that vote in favor
of such request, demand, authorization, direction, notice, consent, waiver or
other action shall be taken into account in determining whether such request,
demand, authorization, direction, notice, consent, waiver or other action has
been made, given or taken under this Indenture.

     

    SECTION
1505. Determination of Voting
Rights; Conduct and Adjournment of Meetings

     

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

     

    (b) The
Trustee shall, by an instrument in writing appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders
of Securities as provided in Section 1502(b), in which case the Company or the
Holders of Securities of the series calling the meeting, as the case may be,
shall in like manner appoint a temporary chairman.  A permanent
chairman and a permanent secretary of the meeting shall be elected by vote of
the Persons entitled to vote a majority in principal amount of the Outstanding
Securities of such series represented at the meeting.

     

    (c) At any
meeting each Holder of a Security of such series or proxy shall be entitled to
one vote for each $1,000 principal amount of Outstanding Securities of such
series held or represented by him (determined as specified in the definition of
“Outstanding” in Section 101); provided, however, that no vote
shall be cast or counted at any meeting in respect of any Security challenged as
not Outstanding and ruled by the chairman of the meeting to be not
Outstanding.  The chairman of the meeting shall have no right to vote,
except as a Holder of a Security of such series or proxy.

     

    (d) Any
meeting of Holders of Securities of any series duly called pursuant to Section
1502 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting; and the meeting may be held as so
adjourned without further notice.

     

    SECTION
1506. Counting Votes and Recording
Action of Meetings

     

    .  The
vote upon any resolution submitted to any meeting of Holders of Securities of
any series shall be by written ballots on which shall be subscribed the
signatures of the Holders of Securities of such series or of their
representatives by proxy and the principal amounts and serial numbers of the
Outstanding Securities of such series held or represented by
them.  The permanent chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against
any resolution and who shall make and file with the secretary of the meeting
their verified written reports in duplicate of all votes cast at the
meeting.  A record, at least in duplicate, of the proceedings of each
meeting of Holders of Securities of any series shall be prepared by the
Secretary of the meeting and there shall be attached to said record the original
reports of the inspectors of votes on any vote by ballot taken thereat and
affidavits by one or more persons having knowledge of the facts setting forth a
copy of the notice of the meeting and showing that said notice was given as
provided in Section 1502 and, if applicable, Section 1504.  Each copy
shall be signed and verified by the affidavits of the permanent chairman and
secretary of the meeting and one such copy shall be delivered to the Company,
and another to the Trustee to be preserved by the Trustee, the latter to have
attached thereto the ballots voted at the meeting.  Any record so
signed and verified shall be conclusive evidence of the matters therein
stated.

     

     

    ARTICLE
SIXTEEN                                                      

     

    GUARANTEE

    SECTION
1601. Guarantee

     

    .  If
Securities of or within a series are specified, as contemplated by Section 301,
to be guaranteed by the Guarantor, then the Guarantor hereby fully and
unconditionally guarantees to each Holder of any such Security which is
authenticated and delivered by the Trustee and to each Holder of any coupon
appertaining to any such Security, if any, and to the Trustee for itself and on
behalf of each such Holder, the due and punctual payment of the principal of
(and premium, if any, on) and interest (including, in case of default, interest
on principal and, to the extent permitted by applicable law, on overdue interest
and including any additional interest required to be paid according to the terms
of any such Security or any coupon appertaining thereto), if any, on each such
Security, and the due and punctual payment of any sinking fund payment (or
analogous obligation), if any, provided for with respect to any such Security,
when and as the same shall become due and payable, whether at Maturity, upon
redemption, upon acceleration, upon tender for repayment at the option of any
Holder or otherwise, according to the terms thereof and of this Indenture,
including, without limitation, the payment of any Additional Amounts, if any,
provided for with respect to any such Security as described under Section 1011
hereof (the “Guarantor Obligations”).  In case of the failure of the
Company or any successor thereto punctually to pay any such principal, premium,
interest or sinking fund payment, the Guarantor hereby agrees to cause any such
payment to be made punctually when and as the same shall become due and payable,
whether at Maturity, upon redemption, upon declaration of acceleration, upon
tender for repayment at the option of any Holder or otherwise, as if such
payment were made by the Company.

     

    The
Guarantor hereby agrees that its Guarantor Obligations hereunder shall be as if
it were principal debtor and not merely surety and shall be absolute and
unconditional, irrespective of the identity of the Company, the validity,
regularity or enforceability of any such Security or coupon appertaining thereto
or this Indenture, the absence of any action to enforce the same, any waiver or
consent by the Holder of any such Security or coupon appertaining thereto with
respect to any provisions thereof, the recovery of any judgment against the
Company or any action to enforce the same, or any other circumstance which might
otherwise constitute a legal or equitable discharge or defense of a
Guarantor.  The Guarantor hereby waives diligence, presentment, demand
of payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Company, any right to require a proceeding first against the
Company, protest, notice and all demands whatsoever and covenants that its
Guarantees will not be discharged except by complete performance of its
obligations contained in any such Security or coupon appertaining thereto and in
this Guarantee.

     

    The
Guarantor hereby agrees that, in the event of a default in payment of
principal  or premium, if any, or interest on any such Security or any
coupon appertaining thereto, whether at its Maturity, by acceleration, purchase
or otherwise, legal proceedings may be instituted by the Trustee on behalf of,
or by, the Holder of any such Security or coupon appertaining thereto, subject
to the terms and conditions set forth in this Indenture, directly against the
Guarantor to enforce the Guarantee without first proceeding against the
Company.  The Guarantor agrees that if, after the occurrence and
during the continuance of an Event of Default, the Trustee or any of the Holders
are prevented by applicable law from exercising their respective rights to
accelerate the Maturity of any such Security or coupon appertaining thereto, to
collect interest on any such Security or coupon appertaining thereto, or to
enforce or exercise any other right or remedy with respect to any such Security
or coupon appertaining thereto, the Guarantor shall pay to the Trustee for the
account of the Holder, upon demand therefor, the amount that would otherwise
have been due and payable had such rights and remedies been permitted to be
exercised by the Trustee or any of the Holders.

     

    If any
Holder or the Trustee is required by any court or otherwise to return to the
Company or the Guarantor, or any custodian, trustee, liquidator or other similar
official acting in relation to either the Company or the Guarantor, any amount
paid in respect of a Security or any coupons appertaining thereto by any of them
to the Trustee or such Holder, the Guarantee, to the extent theretofore
discharged, shall be reinstated in full force and effect.

     

    The
Guarantee shall remain in full force and effect and continue to be effective
should any petition be filed by or against the Company for liquidation,
reorganization, should the Company become insolvent or make an assignment for
the benefit of creditors or should a receiver or trustee be appointed for all or
any significant part of the Company’s assets, and shall, to the fullest extent
permitted by law, continue to be effective or be reinstated, as the case may be,
if at any time payment and performance of any such Security or coupon
appertaining thereto are, pursuant to applicable law, rescinded or reduced in
amount, or must otherwise be restored or returned by any obligee on any such
Security or coupon appertaining thereto, whether as a “voidable preference”,
“fraudulent transfer” or otherwise, all as though such payment or performance
had not been made.  In the event that any payment or any part thereof
is rescinded, reduced, restored or returned, any such Security or coupon
appertaining thereto shall, to the fullest extent permitted by law, be
reinstated and deemed reduced only by such amount paid and not so rescinded,
reduced, restored or returned.

     

    SECTION
1602. Severability

     

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

     

    SECTION
1603. Priority of
Guarantee

     

    .  Unless
otherwise specified pursuant to Section 301 with respect to any series of
Securities, and except as provided in the next following sentence, this
Guarantee shall be unsecured and unsubordinated obligations of the Guarantor,
ranking pari passu with all other existing and future unsubordinated and
unsecured indebtedness of the Company and the Guarantor,
respectively.  With respect to any series of Securities that is
designated as subordinated pursuant to Section 301 and except as otherwise
provided in a supplemental indenture or pursuant to Section 301, the Guarantee
Obligations of the Guarantor hereunder shall be junior and subordinated to any
guarantee of any Senior Indebtedness on the same basis as such Securities are
junior and subordinated to any Senior Indebtedness.  For the purposes
of the foregoing sentence, the Trustee and the Holders of such subordinated
Securities shall have the right to receive and/or retain payments by the
Guarantor only at such times as they may receive and/or retain payments in
respect of such Securities pursuant to this Indenture.

     

    SECTION
1604. Limitation of Guarantor’s
Liability

     

    .  The
Guarantor and by its acceptance hereof each Holder confirms that it is the
intention of all such parties that the Guarantee does not constitute a
fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the
Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any
similar federal or state law or the provisions of its local law relating to
fraudulent transfer or conveyance.  To effectuate the foregoing
intention, the Holders and the Guarantor hereby irrevocably agree that the
obligations of the Guarantor under the Guarantee shall be limited to the maximum
amount that will not, after giving effect to all other contingent and fixed
liabilities of the Guarantor result in the obligations of the Guarantor under
the Guarantee constituting such fraudulent transfer or conveyance.

     

    SECTION
1605. Subrogation

     

    .  The
Guarantor shall be subrogated to all rights of Holders of the Securities of a
series (and of any coupons appertaining thereto) against the Company in respect
of any amounts paid by the Guarantor on account of such Securities or any
coupons appertaining thereto or this Indenture; provided, however, that, if an
Event of Default has occurred and is continuing, the Guarantor shall not be
entitled to enforce or receive any payments arising out of, or based upon, such
right of subrogation until all amounts then due and payable by the Company under
this Indenture or the Securities shall have been paid in full.

     

    SECTION
1606. Reinstatement

     

    .  The
Guarantor hereby agrees that the Guarantee provided for in Section 1601 shall
continue to be effective or be reinstated, as the case may be, if at any time,
payment, or any part thereof, of any obligations or interest thereon is
rescinded or must otherwise be restored by a Holder to the Company upon the
bankruptcy or insolvency of the Company or the Guarantor.

     

    SECTION
1607. Release of the
Guarantor

     

    .  Concurrently
with the discharge of the Securities under Section 1101, the Legal Defeasance of
the Securities under Section 802 or the Covenant Defeasance of the Securities
under Section 803, the Guarantor shall be released from all their obligations
under its Guarantee under this Indenture.

     

    So long
as no Default exists or upon the occurrence of the following events, with notice
or lapse of time or both, would exist, the Guarantee and any Liens securing the
Guarantee shall be automatically and unconditionally released and discharged
upon:  any sale, exchange, transfer to any Person that is not an
Affiliate of the Company of all of the Company’s Capital Stock in the Guarantor,
which transaction is otherwise in compliance with this Indenture.

     

    SECTION
1608. Benefits
Acknowledged

     

    .  The
Guarantor acknowledges that it will receive direct and indirect benefits from
the financing arrangements contemplated by this Indenture and that its guarantee
and waivers pursuant to the Guarantee are knowingly made in contemplation of
such benefits.

     

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

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

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

     

    AMERICAN
AXLE & MANUFACTURING, INC.

    

    

    

    

    By:__/s/________________________

    Name:

    Title:

    

    

    AMERICAN
AXLE & MANUFACTURING HOLDINGS, INC.

    as
Guarantor

    

    

    

    

    By:__/s/______________________

    Name:

    Title:

    

    Attest:

     

    

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

    as
Trustee

    

    

    

    

    By:__/s/_______________________

    Name:

    Title:

    

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    

     

    FORMS
OF CERTIFICATION

     

    
      
        
                                                                        
A- 

        

         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A-1

     

    FORM
OF CERTIFICATE TO BE GIVEN BY

     

    PERSON
ENTITLED TO RECEIVE BEARER SECURITY

     

    OR
TO OBTAIN INTEREST PAYABLE PRIOR

     

    TO
THE EXCHANGE DATE

     

    CERTIFICATE

     

    

     

    [Insert
title or sufficient description

     

    of
Securities to be delivered]

     

    

     

    This is
to certify that as of the date hereof, and except as set forth below, the
above-captioned Securities held by you for our account (i) are owned by
person(s) that are not citizens or residents of the United States, domestic
partnerships, domestic corporations or any estate or trust the income of which
is subject to United States federal income taxation regardless of its source
(“United States person(s)”), (ii) are owned by United States person(s) that are
(a) foreign branches of United States financial institutions (financial
institutions, as defined in United States Treasury Regulations Section
1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing
for their own account or for resale, or (b) United States person(s) who acquired
the Securities through foreign branches of United States financial institutions
and who hold the Securities through such United States financial institutions on
the date hereof (and in either case (a) or (b), each such United States
financial institution hereby agrees, on its own behalf or through its agent,
that you may advise American Axle & Manufacturing, Inc. or its agent that
such financial institution will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of 1986, as
amended, and the regulations thereunder), or (iii) are owned by United States or
foreign financial institution(s) for purposes of resale during the restricted
period (as defined in United States Treasury Regulations Section
1.163-5(c)(2)(i)(D)(7)), and, in addition, if the owner is a United States or
foreign financial institution described in clause (iii) above (whether or not
also described in clause (i) or (ii)), this is to further certify that such
financial institution has not acquired the Securities for purposes of resale
directly or indirectly to a United States person or to a person within the
United States or its possessions.

     

    As used
herein, “United States” means the United States of America (including the states
and the District of Columbia); and its “possessions” include Puerto Rico, the
U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands.

     

    We
undertake to advise you promptly by tested telex on or prior to the date on
which you intend to submit your certification relating to the above-captioned
Securities held by you for our account in accordance with your Operating
Procedures if any applicable statement herein is not correct on such date, and
in the absence of any such notification it may be assumed that this
certification applies as of such date.

     

    This
certificate excepts and does not relate to [U.S.$]__________ of such interest in
the above-captioned Securities in respect of which we are not able to certify
and as to which we understand an exchange for an interest in a permanent global
Security or an exchange for and delivery of definitive Securities (or, if
relevant, collection of any interest) cannot be made until we do so
certify.

     

    We
understand that this certificate may be required in connection with certain tax
legislation in the United States.  If administrative or legal
proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate or a copy thereof to any interested party in such
proceedings.

     

    

     

    Dated:

     

    [To be
dated no earlier than the 15th day

     

    prior to
(i) the Exchange Date or (ii) the

     

    relevant
Interest Payment Date occurring

     

    prior to
the Exchange Date, as applicable]

     

    [Name of
Person Making Certification]

    

    

    

    _____________________________________

    (Authorized
Signatory)

    Name:

    Title:

    
      
        
                                                                     
A-1- 

        

         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A-2

     

    FORM
OF CERTIFICATE TO BE GIVEN BY EUROCLEAR

     

    AND
CLEARSTREAM IN

     

    CONNECTION
WITH THE EXCHANGE OF A PORTION OF A

     

    TEMPORARY
GLOBAL SECURITY OR TO OBTAIN INTEREST

     

    PAYABLE
PRIOR TO THE EXCHANGE DATE

     

    CERTIFICATE

     

    

     

    [Insert
title or sufficient description

     

    of
Securities to be delivered]

     

    

     

    This is
to certify that based solely on written certifications that we have received in
writing, by tested telex or by electronic transmission from each of the persons
appearing in our records as persons entitled to a portion of the principal
amount set forth below (our “Member Organizations”) substantially in the form
attached hereto, as of the date hereof, [U.S.$]__________ principal amount of
the above-captioned Securities (i) is owned by person(s) that are not citizens
or residents of the United States, domestic partnerships, domestic corporations
or any estate or trust the income of which is subject to United States Federal
income taxation regardless of its source (“United States person(s)”), (ii) is
owned by United States person(s) that are (a) foreign branches of United States
financial institutions (financial institutions, as defined in U.S. Treasury
Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial
institutions”) purchasing for their own account or for resale, or (b) United
States person(s) who acquired the Securities through foreign branches of United
States financial institutions and who hold the Securities through such United
States financial institutions on the date hereof (and in either case (a) or (b),
each such financial institution has agreed, on its own behalf or through its
agent, that we may advise American Axle & Manufacturing, Inc. or its agent
that such financial institution will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and
the regulations thereunder), or (iii) is owned by United States or foreign
financial institution(s) for purposes of resale during the restricted period (as
defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7))
and, to the further effect, that financial institutions described in clause
(iii) above (whether or not also described in clause (i) or (ii)) have certified
that they have not acquired the Securities for purposes of resale directly or
indirectly to a United States person or to a person within the United States or
its possessions.

     

    As used
herein, “United States” means the United States of America (including the states
and the District of Columbia); and its “possessions” include Puerto Rico, the
U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands.

     

    We
further certify that (i) we are not making available herewith for exchange (or,
if relevant, collection of any interest) any portion of the temporary global
Security representing the above-captioned Securities excepted in the
above-referenced certificates of Member Organizations and (ii) as of the date
hereof we have not received any notification from any of our Member
Organizations to the effect that the statements made by such Member
Organizations with respect to any portion of the part submitted herewith for
exchange (or, if relevant, collection of any interest) are no longer true and
cannot be relied upon as of the date hereof.

     

    We
understand that this certification is required in connection with certain tax
legislation in the United States.  If administrative or legal
proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate or a copy thereof to any interested party in such
proceedings.

     

    Dated:

     

    {To be
dated no earlier than the Exchange

     

    Date or
the relevant Interest Payment

     

    Date
occurring prior to the Exchange Date,

     

    as
applicable}

     

    [EUROCLEAR
BANK S.A./N.V.]

     

    [CLEARSTREAM]

     

    

    By

    

    
      
        
                                                                         
A-2-

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