Document:

EX-4.B

 Exhibit 4(b) 

 
  

 
 LOAN AGREEMENT 

(2012 Series A) 
 between 
 THE INDUSTRIAL DEVELOPMENT AUTHORITY 

OF THE COUNTY OF PIMA 
 and 
 TUCSON ELECTRIC POWER COMPANY 

 
  

Dated as of June 1, 2012 
  

 
 Relating To

 Industrial Development Revenue Bonds, 
 2012 Series A 
 (Tucson Electric Power Company Project) 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 LOAN AGREEMENT
	  	 	1	  
			
	 ARTICLE I
	  	 DEFINITIONS
	  	 	2	  
			
	 Section 1.01.
	  	 Definitions
	  	 	2	  
			
	 ARTICLE II
	  	 REPRESENTATIONS AND WARRANTIES
	  	 	2	  
			
	 Section 2.01.
	  	 Representations and Warranties of the Authority
	  	 	2	  
			
	 Section 2.02.
	  	 Representations and Warranties of the Company
	  	 	3	  
			
	 ARTICLE III
	  	 THE FACILITIES
	  	 	3	  
			
	 Section 3.01.
	  	 Ownership of the Facilities
	  	 	3	  
			
	 Section 3.02.
	  	 Revision of Plans and Specifications
	  			
			
	 Section 3.03.
	  	 Maintenance of Facilities; Remodeling
	  	 	4	  
			
	 Section 3.04.
	  	 Insurance
	  	 	4	  
			
	 Section 3.05.
	  	 Condemnation
	  	 	4	  
			
	 ARTICLE IV
	  	 ISSUANCE OF THE BONDS; THE LOAN; DISPOSITION OF PROCEEDS OF THE BONDS
	  	 	4	  
			
	 Section 4.01.
	  	 Issuance of the Bonds
	  	 	4	  
			
	 Section 4.02.
	  	 Issuance of Other Obligations
	  	 	4	  
			
	 Section 4.03.
	  	 The Loan; Disposition of Bond Proceeds
	  	 	5	  
			
	 Section 4.04.
	  	 Investment of Moneys in Funds and Accounts
	  	 	5	  
			
	 ARTICLE V
	  	 LOAN PAYMENTS; OTHER OBLIGATIONS
	  	 	5	  
			
	 Section 5.01.
	  	 Loan Payments
	  	 	5	  
			
	 Section 5.02.
	  	 Payments Assigned; Obligation Absolute
	  	 	5	  
			
	 Section 5.03.
	  	 Payment of Expenses
	  	 	6	  
			
	 Section 5.04.
	  	 Indemnification
	  	 	6	  
			
	 Section 5.05.
	  	 Payment of Taxes; Discharge of Liens
	  	 	6	  
			
	 ARTICLE VI
	  	 SPECIAL COVENANTS
	  	 	7	  
			
	 Section 6.01.
	  	 Maintenance of Legal Existence
	  	 	7	  
			
	 Section 6.02.
	  	 Permits or Licenses
	  	 	8	  
			
	 Section 6.03.
	  	 Authority’s Access to Facilities
	  	 	8	  
			
	 Section 6.04.
	  	 Tax-Exempt Status of Interest on Bonds
	  	 	8	  
			
	 Section 6.05.
	  	 Use of Facilities
	  	 	9	  

  
 i 

							
			
	 Section 6.06.
	  	 Financing Statements
	  	 	9	  
			
	 ARTICLE VII
	  	ASSIGNMENT, LEASING AND SELLING	  	 	10	  
			
	 Section 7.01.
	  	 Conditions
	  	 	10	  
			
	 Section 7.02.
	  	 Instrument Furnished to the Authority and Trustee
	  	 	12	  
			
	 Section 7.03.
	  	 Limitation
	  	 	12	  
			
	 ARTICLE VIII
	  	EVENTS OF DEFAULT AND REMEDIES	  	 	12	  
			
	 Section 8.01.
	  	 Events of Default
	  	 	12	  
			
	 Section 8.02.
	  	 Force Majeure
	  	 	13	  
			
	 Section 8.03.
	  	 Remedies
	  	 	13	  
			
	 Section 8.04.
	  	 No Remedy Exclusive
	  	 	14	  
			
	 Section 8.05.
	  	 Reimbursement of Attorneys’ and Agents’ Fees
	  	 	14	  
			
	 Section 8.06.
	  	 Waiver of Breach
	  	 	14	  
			
	 ARTICLE IX
	  	REDEMPTION OF BONDS	  	 	14	  
			
	 Section 9.01.
	  	 Redemption of Bonds
	  	 	14	  
			
	 Section 9.02.
	  	 Compliance with the Indenture
	  	 	15	  
			
	 ARTICLE X
	  	MISCELLANEOUS	  	 	15	  
			
	 Section 10.01.
	  	 Term of Agreement
	  	 	15	  
			
	 Section 10.02.
	  	 Notices
	  	 	15	  
			
	 Section 10.03.
	  	 Parties in Interest
	  	 	15	  
			
	 Section 10.04.
	  	 Amendments
	  	 	16	  
			
	 Section 10.05.
	  	 Counterparts
	  	 	16	  
			
	 Section 10.06.
	  	 Severability
	  	 	16	  
			
	 Section 10.07.
	  	 Governing Law
	  	 	16	  
			
	 Section 10.08.
	  	 Notice Regarding Cancellation of Contracts
	  	 	16	  

  
 ii 

 LOAN AGREEMENT 

THIS LOAN AGREEMENT (2012 Series A), dated as of June 1, 2012 (this “Agreement”), between THE INDUSTRIAL DEVELOPMENT
AUTHORITY OF THE COUNTY OF PIMA, an Arizona nonprofit corporation designated by law as a political subdivision of the State of Arizona (hereinafter called the “Authority”), and TUCSON ELECTRIC POWER COMPANY, a corporation organized and
existing under the laws of the State of Arizona (hereinafter called the “Company”), 
 W I T N E S S E T H :

 WHEREAS, the Authority is authorized and empowered under Title 35, Chapter 5, Arizona Revised Statutes, as amended (the
“Act”), to issue its bonds in accordance with the Act and to make secured or unsecured loans for the purpose of financing or refinancing the acquisition, construction, improvement or equipping of projects consisting of land, any building
or other improvement, and all real and personal properties, including but not limited to machinery and equipment, whether or not now in existence or under construction, whether located within or without Pima County, which shall be suitable for,
among other things, facilities for the furnishing of electric energy, and to charge and collect interest on such loans and pledge the proceeds of loan agreements as security for the payment of the principal of and interest on any bonds, or
designated issues of bonds, issued by the Authority and any agreements made in connection therewith, whenever the Board of Directors of the Authority finds such loans such loans to further advance the interest of the Authority or the public and in
the public interest; and 
 WHEREAS, pursuant to the provisions of the Act, The Industrial Development Authority of the County
of Apache (the “Apache Authority”) has heretofore issued and sold (a) $83,700,000 aggregate principal amount of The Industrial Development Authority of the County of Apache Pollution Control Revenue Bonds, 1998 Series A (Tucson
Electric Power Company Project) $6,890,000 aggregate principal amount of which remains outstanding (the “1998 Series A Bonds”), (b) $99,800,000 aggregate principal amount of The Industrial Development Authority of the County of Apache
Pollution Control Revenue Bonds, 1998 Series B (Tucson Electric Power Company Project) $8,215,000 aggregate principal amount of which remains outstanding (the “1998 Series B Bonds”), and (c) $16,500,000 aggregate principal amount of
The Industrial Development Authority of the County of Apache Industrial Development Revenue Bonds, 1998 Series C (Tucson Electric Power Company Project) $1,360,000 of which remains outstanding (the “1998 Series C Bonds,” and, together with
the 1998 Series A Bonds and the 1998 Series B Bonds, the “1998 Bonds”); and 
 WHEREAS, the Apache Authority loaned
proceeds of the 1998 Bonds to Tucson Electric Power Company, an Arizona corporation (the “Company”), to refinance the costs of certain facilities, including certain electric transmission and/or distribution facilities (the
“Facilities”) as more fully described in Exhibit A hereto; and 
 WHEREAS, the Authority proposes to issue and sell
$16,465,000 aggregate principal amount of The Industrial Development Authority of the County of Pima Industrial Development Revenue Bonds, 2012 Series A (Tucson Electric Power Company Project) (the “Bonds”), pursuant to an Indenture of
Trust, dated as of June 1, 2012 (the “Indenture”), between the Authority and U.S. Bank Trust National Association, as trustee (the “Trustee”), for the purpose of refinancing the Facilities previously refinanced with the
proceeds of the 1998 Bonds. 

 WHEREAS, the proceeds of the Bonds will be applied to redeem the 1998 Bonds. 

NOW, THEREFORE, the parties hereto, intending to be legally bound hereby and in consideration of the premises, DO HEREBY AGREE as
follows: 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.01. Definitions. The terms used in this
Agreement shall for all purposes of this Agreement have the meanings specified in Section 1.01 of the Indenture, unless the context clearly requires otherwise. 
 ARTICLE II 
 REPRESENTATIONS AND WARRANTIES 

SECTION 2.01. Representations and Warranties of the Authority. The Authority makes the following representations and warranties as
the basis for the undertakings on the part of the Company contained herein: 
 (a) The Authority is an Arizona
nonprofit corporation designated by law as a political subdivision of the State of Arizona created and existing under the Constitution and laws of the State of Arizona; 

(b) The Authority has the power to enter into this Agreement and the Indenture and to perform and observe the agreements
and covenants on its part contained herein and therein, including without limitation the power to issue and sell the Bonds as contemplated herein and in the Indenture, and by proper action has duly authorized the execution and delivery hereof and
thereof; 
 (c) The execution and delivery of this Agreement and the Indenture by the Authority do not, and
consummation of the transactions contemplated hereby and fulfillment of the terms hereof and thereof by the Authority will not, result in a breach of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of
trust or other agreement or instrument to which the Authority is now a party or by which it is now bound, or, to the best knowledge of the Authority, any order, rule or regulation applicable to the Authority of any court or of any regulatory body or
administrative agency or other governmental body having jurisdiction over the Authority or over any of its properties, or the Constitution or laws of the State of Arizona; and 

(d) No consent, approval, authorization or other order of any regulatory body or administrative agency or other
governmental body is legally required for the Authority’s participation in the transactions contemplated by this Agreement, except such as may have been obtained or as may be required under the securities laws of any jurisdiction. 

  
 2 

 SECTION 2.02. Representations and Warranties of the Company. The Company makes
the following representations and warranties as the basis for the undertakings on the part of the Authority contained herein: 
 (a) The Company is a corporation duly organized and existing in good standing under the laws of the State of Arizona; 

(b) The Company has power to enter into this Agreement and to perform and observe the agreements and covenants on its part
contained herein and by proper corporate action has duly authorized the execution and delivery hereof and of all other documents required hereby to be executed by the Company; 

(c) The execution and delivery of this Agreement by the Company do not, and consummation of transactions contemplated
hereby and fulfillment of the terms hereof by the Company will not, result in a breach of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust or other agreement or instrument to which the Company
is a party or by which it is now bound, or the Restated Articles of Incorporation or bylaws of the Company, or any order, rule or regulation applicable to the Company of any court or of any regulatory body or administrative agency or other
governmental body having jurisdiction over the Company or over any of its properties, or any statute of any jurisdiction applicable to the Company; 
 (d) The Arizona Corporation Commission has approved all matters relating to the Company’s participation in the transactions contemplated by this Agreement which require said approval, and no other
consent, approval, authorization or other order of any regulatory body or administrative agency or other governmental body is legally required for the Company’s participation therein, except such as may have been obtained or may be required
under the securities laws of any jurisdiction; 
 (e) The Facilities are to be used solely for purposes
contemplated by the Act and are located or to be located within the State of Arizona; and 
 (f) All of the
proceeds of the Bonds will be expended to refinance a portion of the Facilities through the redemption of the 1998 Bonds. 

ARTICLE III 
 THE
FACILITIES 
 SECTION 3.01. Facilities; Property of the Company. An undivided interest in the Facilities shall be
the property of the Company and the Authority shall have no right, title or interest in the Facilities. 

  
 3 

 SECTION 3.02. Maintenance of Facilities; Remodeling. The Company shall at all
times cause the Facilities, and every element and unit thereof, to be maintained, preserved and kept in thorough repair, working order and condition and to cause all needful and proper repairs and renewals thereto to be made; provided, however, that
the Company may cause the operation of the Facilities, or any element or unit thereof, to be discontinued if, in the judgment of the Company, it is no longer advisable to operate the same, or if the Company intends to sell or dispose of the same,
and within a reasonable time shall endeavor to effectuate such sale or disposition. 
 The Company may, subject to the
provisions of Section 6.05 hereof, at its own expense remodel the Facilities or make such substitutions, modifications and improvements to the Facilities from time to time as it, in its discretion, may deem to be desirable for its uses and
purposes, which remodeling, substitutions, modifications and improvements shall be included under the terms of this Agreement as part of the Facilities. 
 SECTION 3.03. Insurance. The Company shall keep the Facilities insured against fire and other risks to the extent usually insured against by companies owning and operating similar property, by
reputable insurance companies or, at the Company’s election, with respect to all or any element or unit of the Facilities, by means of an adequate insurance fund set aside and maintained by it out of its own earnings or in conjunction with
other companies through an insurance fund, trust or other agreement or, by means of unfunded self-insurance as may be reasonable and customary by companies owning and operating similar property. All proceeds of such insurance shall be for the
account of the Company. 
 SECTION 3.04. Condemnation. The Company shall be entitled to the entire proceeds of any
condemnation award or portion thereof made for damages to or takings of the Facilities or other property of the Company. 

ARTICLE IV 

ISSUANCE OF THE BONDS; THE LOAN; DISPOSITION OF PROCEEDS 
 OF THE BONDS 
 SECTION 4.01. Issuance of the Bonds. The Authority
shall issue the Bonds under and in accordance with the Indenture, subject to the provisions of the bond purchase agreement among the Authority, the initial purchaser or purchasers of the Bonds and the Company. The Company hereby approves the
issuance of the Bonds and all terms and conditions thereof. 
 SECTION 4.02. Issuance of Other Obligations. The
Authority and the Company expressly reserve the right to enter into, to the extent permitted by law, but shall not be obligated to enter into, an agreement or agreements other than this Agreement with respect to the issuance by the Authority, under
an indenture or indentures other than the Indenture, of obligations to provide additional funds to pay the cost of construction of the Facilities or obligations to refund all or any principal amount of the Bonds, or any combination thereof.

  
 4 

 SECTION 4.03. The Loan; Disposition of Bond Proceeds. The Authority shall cause
the proceeds of the Bonds to be deposited with the trustee for the 1998 Bonds to be applied to the payment of the 1998 Bonds upon the redemption thereof. 
 The Authority shall establish the Bond Fund with the Trustee in accordance with Section 4.01 of the Indenture. 
 SECTION 4.04. Investment of Moneys in Funds and Accounts. The Company and the Authority agree that any moneys held in any fund or account created by the Indenture shall be invested as provided
in the Indenture. 
 ARTICLE V 
 LOAN PAYMENTS; OTHER OBLIGATIONS 
 SECTION 5.01. Loan Payments. In
consideration of the issuance of the Bonds and the disposition of the proceeds thereof as contemplated in Section 4.03 hereof, the Company shall pay, or cause to be paid, to the Trustee for the account of the Authority an amount equal to the
aggregate principal amount of the Bonds from time to time Outstanding and, as interest on its obligation to pay such amount, an amount equal to interest on such Bonds, such amounts to be paid in installments due on the dates, in the amounts and in
the manner provided in the Indenture for the Authority to cause amounts to be deposited in the Bond Fund for the payment of the principal of and interest on the Bonds whether at stated maturity, upon redemption or acceleration or otherwise;
provided, however, that the obligation of the Company to make any such payment hereunder shall be reduced by the amount of any reduction under the Indenture of the amount of the corresponding payment required to be made by the Authority thereunder.

 SECTION 5.02. Payments Assigned; Obligation Absolute. It is understood and agreed that all Loan Payments are, by
the Indenture, to be pledged by the Authority to the Trustee, and that all rights and interest of the Authority hereunder (except for the Authority’s rights under Section 5.03, Section 5.04, Section 6.03 and Section 8.05
hereof and any rights of the Authority to receive notices, certificates, requests, requisitions and other communications hereunder) are to be pledged and assigned to the Trustee. The Company assents to such pledge and assignment and agrees that the
obligation of the Company to make the Loan Payments shall be absolute, irrevocable and unconditional and shall not be subject to cancellation, termination or abatement, or to any defense other than payment or to any right of set-off, counterclaim or
recoupment arising out of any breach by the Authority or the Trustee or any other party under this Agreement, the Indenture or otherwise, or out of any obligation or liability at any time owing to the Company by the Authority, the Trustee or any
other party, and, further, that the Loan Payments and the other payments due hereunder shall continue to be payable at the times and in the amounts herein and therein specified, whether or not the Facilities, or any portion thereof, shall have been
completed or shall have been destroyed by fire or other casualty, or title thereto, or the use thereof, shall have been taken by the exercise of the power of eminent domain, and that there shall be no abatement of or diminution in any such payments
by reason thereof, whether or not the Facilities shall be used or useful, whether or not any applicable laws, regulations or standards shall prevent or prohibit the use of the Facilities, or for any other reason, all of the foregoing being subject,
however, to the provisions of Section 6.01 and Section 7.01 hereof. 

  
 5 

 SECTION 5.03. Payment of Expenses. The Company shall pay all Administration
Expenses, including, without limitation, Administration Expenses incurred at and subsequent to the time the Bonds are deemed to have been paid in accordance with Article VIII of the Indenture. The payment of the compensation and the reimbursement of
expenses and advances of the Trustee under the Indenture shall be made directly to such entity. 
 SECTION 5.04.
Indemnification. The Company releases the Authority, the Trustee, the County of Pima, Arizona and their directors, officers, employees and agents from, agrees that the Authority, the Trustee and the County of Pima, Arizona, shall not be
liable for, and agrees to indemnify and hold the Authority, the Trustee, the County of Pima, Arizona and their directors, officers, employees and agents free and harmless from, any liability (including, without limitation, attorneys’ and other
agents’ fees and expenses) for any loss or damage to property or any injury to or death of any person that may be occasioned by any cause whatsoever pertaining to the Facilities, except (i) in the case of the Trustee, as a result of the
negligence or willful misconduct of the Trustee or its directors, officers, employees and agents; and (ii) in the case of the Authority and the County of Pima, Arizona, as a result of the gross negligence or willful misconduct of the Authority
or the County of Pima, Arizona or their respective directors, officers, employees and agents. 
 The Company will indemnify and
hold the Authority, the Trustee and the County of Pima, Arizona, free and harmless from any loss, claim, damage, tax, penalty, liability, disbursement, litigation expenses, attorneys’ and other agents’ fees and expenses or court costs
arising out of, or in any way relating to, the execution or performance of this Agreement, the issuance or sale of the Bonds, actions taken under the Indenture or any other cause whatsoever pertaining to the Facilities, except (i) in the case
the Trustee, as a result of the negligence or willful misconduct of the Trustee; and (ii) in the case of the Authority and the County of Pima, Arizona, as a result of the gross negligence or willful misconduct of the Authority or the County of
Pima, Arizona. 
 The Company will indemnify and hold the Authority and the County of Pima, Arizona and their directors,
officers, employees and agents free and harmless from any loss, claim, damage, tax, penalty, liability, disbursement, litigation expenses, attorney’s fees and expenses or court costs arising out of or in any way relating to any untrue statement
or alleged untrue statement of any material fact or omission or alleged omission to state a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading in any official statement or
other offering material utilized in connection with the sale of any Bonds. 
 SECTION 5.05. Payment of Taxes; Discharge
of Liens. The Company shall: (a) pay, or make provision for payment of, all lawful taxes and assessments, including income, profits, property or excise taxes, if any, or other municipal or governmental charges, levied or assessed by any
federal, state or municipal government or political body upon the Facilities or any part thereof or upon the Authority with respect to the Loan Payments, when the same shall become due; and (b) pay or cause to be satisfied and discharged or
make adequate provision to satisfy and discharge, within sixty (60) days after the same shall accrue, any lien or charge upon the Loan Payments, and all lawful claims or demands for labor, materials, supplies or other charges which, if unpaid,
might be or become a lien upon such amounts; provided, that, if the Company shall first notify the Authority and the Trustee of its intention so to do, the Company may in good faith contest any such lien or charge or claims or demands in appropriate
legal proceedings, and in such event may permit the items so contested and identified as such by the Company to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom, unless the Trustee shall notify the
Company in writing that, in the opinion of counsel to the Trustee, based upon material facts disclosed to the Trustee without any duty of investigation, by nonpayment of any such items the lien of the Indenture as to the Loan Payments will be
materially endangered, in which event the Company shall promptly pay and cause to be satisfied and discharged all such unpaid items. The Authority shall cooperate fully with the Company in any such contest. 

  
 6 

 ARTICLE VI 
 SPECIAL COVENANTS 
 SECTION 6.01. Maintenance of Legal Existence.
Except as permitted in this Section 6.01, the Company shall maintain its legal existence, shall not sell, transfer or otherwise dispose of all of its assets, as or substantially as an entirety, and shall not consolidate with or merge with or
into another entity. Unless such action would violate the Company’s covenant in Section 6.04, the Company may consolidate with or merge into another entity organized under the laws of the United States of America, any state thereof or the
District of Columbia, or sell, transfer or otherwise dispose of all of its assets, as or substantially as an entirety, to any Person, if the surviving or resulting Person (if other than the Company) or the transferee Person, as the case may be,
prior to or simultaneously with such merger, consolidation, sale, transfer or disposition, assumes, by delivery to the Trustee and the Authority of an instrument in writing satisfactory in form to the Trustee, all the obligations of the Company
under this Agreement, including, without limitation, the obligations of the Company under Section 5.01 hereof. Upon such an assumption following any such sale, transfer or other disposition of assets, the Company shall be released and
discharged from all liability in respect of all obligations under this Agreement. Notwithstanding the foregoing, in the case of any such sale, transfer or other disposition of assets, which do not include all of the Company’s interests in the
Facilities, the Company shall remain liable in respect of all obligations under this Agreement to the extent of the interests retained other than the obligations under Section 5.01 hereof, and the transferee shall not be required to assume any
obligations hereunder to such extent other than the obligations under Section 5.01 hereof; provided, however, that the transferee shall be required to assume all such other obligations unless the Company shall have delivered to the Authority
and the Trustee an opinion of Bond Counsel to the effect that the non-assumption by the transferee of such other obligations will not impair the validity under the Act of the Bonds and will not adversely affect the exclusion from gross income for
federal tax purposes of interest on the Bonds. 
 If consolidation, merger or sale, transfer or other disposition is made as
permitted by this Section 6.01, the provisions of this Section 6.01 shall continue in full force and effect and no further consolidation, merger or sale or other transfer shall be made except in compliance with the provisions of this
Section 6.01. 

  
 7 

 Anything in this Agreement to the contrary notwithstanding, the sale, transfer or other
disposition by the Company of all of its facilities (a) for the generation of electric energy, (b) for the transmission of electric energy or (c) for the distribution of electric energy, in each case considered alone, or all of its
facilities described in clauses (a) and (b), considered together, or all of its facilities described in clauses (b) and (c), considered together, shall in no event be deemed to constitute a sale, transfer or other disposition of all the
properties of the Company, as or substantially as an entirety, unless, immediately following such sale, transfer or other disposition, the Company shall own no properties in the other such categories of property not so sold, transferred or otherwise
disposed of. The character of particular facilities shall be determined by reference to the Uniform System of Accounts prescribed for public utilities and licensees subject to the Federal Power Act, as amended, to the extent applicable. 

SECTION 6.02. Permits or Licenses. In the event that it may be necessary for the proper performance of this Agreement on the
part of the Company or the Authority that any application or applications for any permit or license to do or to perform certain things be made to any governmental or other agency by the Company or the Authority, the Company and the Authority each
shall, upon the request of either, execute such application or applications. 
 SECTION 6.03. Authority’s Access to
Facilities. The Authority shall have the right, upon appropriate prior notice to the Company, to have reasonable access to the Facilities during normal business hours for the purpose of making examinations and inspections of the same.

 SECTION 6.04. Tax-Exempt Status of Interest on Bonds. 

(a) It is the intention of the parties hereto that interest on the Bonds shall be and remain tax-exempt, and to that end the covenants
and agreements of the Authority and the Company in this Section 6.04 and the Tax Agreement are for the benefit of the Owners from time to time of the Bonds. 
 (b) Each of the Company and the Authority covenants and agrees for the benefit of the Owners from time to time of the Bonds that it will not directly or indirectly use or permit the use of (to the extent
within its control) the proceeds of any of the Bonds or any other funds, or take or omit to take any action, if and to the extent such use, or the taking or omission to take such action, would cause any of the Bonds to be “arbitrage bonds”
within the meaning of Section 148 of the Code or otherwise subject to federal income taxation by reason of failing to qualify under Section 103 of the 1954 Code and Title XIII of the Tax Reform Act of 1986, as applicable, and any
applicable regulations promulgated thereunder. To such ends, the Authority and the Company will comply with all requirements of such Section 148 to the extent applicable to the Bonds. In the event that at any time the Authority or the Company
is of the opinion that for purposes of this Section 6.04(b) it is necessary to restrict or limit the yield on the investment of any moneys held by the Trustee under the Indenture, the Authority or the Company shall so notify the Trustee in
writing. 

  
 8 

 Without limiting the generality of the foregoing, the Company and the Authority agree that
there shall be paid from time to time all amounts required to be rebated to the United States of America pursuant to Section 148(f) of the Code and any applicable Treasury Regulations. This covenant shall survive payment in full or defeasance
of the Bonds and the satisfaction and discharge of the Indenture. The Company specifically covenants to pay or cause to be paid the Rebate Requirement as defined and described in the Tax Agreement. 

(c) The Authority certifies and represents that it has not taken, and the Authority covenants and agrees that it will not take, any
action which results in interest paid on the Bonds being included in gross income of the Owners of the Bonds for federal tax purposes by failing to qualify under Section 103 of the 1954 Code and Title XIII of the Tax Reform Act of 1986, as
applicable, and any regulations thereunder; and the Company certifies and represents that it has not taken or (to the extent within its control) permitted to be taken, and the Company covenants and agrees that it will not take or (to the extent
within its control) permit to be taken any action which will cause the interest on the Bonds to become includable in gross income for federal income tax purposes; provided, however, that neither the Company nor the Authority shall be deemed to have
violated these covenants if the interest on any of the Bonds becomes taxable to a person solely because such person is a “substantial user” of the Facilities or a “related person” within the meaning of Section 103(b)(13) of
the 1954 Code and provided, further, that none of the covenants and agreements herein contained shall require either the Company or the Authority to enter an appearance or intervene in any administrative, legislative or judicial proceeding in
connection with any changes in applicable laws, rules or regulations or in connection with any decisions of any court or administrative agency or other governmental body affecting the taxation of interest on the Bonds. The Company acknowledges
having read Section 7.08 of the Indenture and agrees to perform all duties imposed on it by such Section 7.08, by this Section and by the Tax Agreement. Insofar as Section 7.08 of the Indenture and the Tax Agreement impose duties and
responsibilities on the Company, they are specifically incorporated herein by reference 
 (d) Notwithstanding any provision of
this Section 6.04 and Section 7.08 of the Indenture or the Tax Agreement, if the Company shall provide to the Authority and the Trustee an opinion of Bond Counsel to the effect that any specified action required under this
Section 6.04 and Section 7.08 of the Indenture is no longer required or that some further or different action is required to maintain the tax status of interest on the Bonds, the Company, the Trustee and the Authority may conclusively rely
upon such opinion in complying with the requirements of this Section 6.04, and the covenants hereunder shall be deemed to be modified to that extent. 
 SECTION 6.05. Use of Facilities. So long as any Bonds are Outstanding and the Facilities are operated by or for the benefit of the Company, the Company shall cause the Facilities to be used
for purposes contemplated by the Act and in the Tax Agreement. 
 SECTION 6.06. Financing Statements. The Company
shall file and record, or cause to be filed and recorded, all financing statements and continuation statements referred to in Section 7.07 of the Indenture. 

  
 9 

 ARTICLE VII 
 ASSIGNMENT, LEASING AND SELLING 
 SECTION 7.01. Conditions. The
Company’s interest in this Agreement may be assigned as a whole or in part, and its interest in the Facilities may be assigned, leased, subleased, sold, transferred or otherwise disposed of as a whole or in part (whether an interest in a
specific element or unit or an undivided interest), to any Person; provided, however, that no such assignment, lease, sublease, sale, transfer or other disposition (a) shall relieve the Company from its primary liability for its obligations
under Section 5.01 hereof or (b) shall be made unless the assignee, lessee, sublessee, purchaser or other transferee, as the case may be, prior to or simultaneously with such assignment, lease, sublease, sale, transfer or other
disposition, assumes, by delivery of an instrument in writing satisfactory in form to the Trustee and the Authority, all other obligations of the Company hereunder to the extent of the interest assigned, leased, subleased, sold, transferred or
otherwise disposed of, and the Company shall be released of and discharged from such obligations to the extent so assumed. Notwithstanding the foregoing, (a) if (i) the Company’s interest in this Agreement shall be assigned as a whole
or in undivided part, (ii) the Company’s interest in the Facilities shall be leased or subleased, as a whole or in undivided part and the term of such leasehold or subleasehold or the term of any extension or extensions thereof at the
option of the Company shall extend beyond the maturity date of the Bonds or (iii) the Company’s interest in the Facilities shall be assigned, sold, transferred or otherwise disposed of as a whole or in undivided part, and (b) in the
event that the assignee, lessee, sublessee, purchaser or other transferee shall assume the obligations of the Company under Section 5.01 hereof for the remaining term of this Agreement, to the extent of such assignment, lease, sublease, sale,
transfer or other disposition, the Company shall be released from and discharged of all liability in respect of such obligations to the extent so assumed (but only to such extent); provided, however, that the release and discharge of the Company
pursuant to clause (b) shall be conditioned upon the delivery by the Company to the Authority and the Trustee of a certificate of an Independent Expert (as hereinafter defined) describing the interests so assigned, leased, subleased, sold,
transferred or otherwise disposed of, together with all other rights, interests, assets and/or properties assigned, leased, subleased, sold, transferred or otherwise disposed of by the Company to the same Person in the same or a related transaction,
stating that such rights, interests, assets and/or properties so described constitute facilities for the generation, transmission and/or distribution of electric energy and stating that, in the opinion of such Independent Expert, the Fair Value (as
hereinafter defined) of such rights, interests, assets and/or properties to the Person acquiring the same is not less than an amount equal to 10/7 of the sum of (x) the aggregate principal amount of the Bonds then Outstanding and (y) the
outstanding principal amount of all other obligations of the Company representing indebtedness for borrowed money or for the deferred purchase price of property which are being assumed by such Person; provided, further, that after any such
assumption, release and discharge as aforesaid, the Company may again assume such obligations under Section 5.01 hereof, in whole or in part, at any time and from time to time, and, to the extent of any such assumption by the Company (but only
to such extent), the aforesaid assignee, lessee, sublessee, purchaser or other transferee shall be released from and discharged of all liability in respect of such obligations. 

  
 10 

 Anything herein to the contrary notwithstanding, the Company shall not make any assignment,
lease, sublease or sale as provided in the immediately preceding paragraph unless it shall have furnished to the Authority and the Trustee an opinion of Bond Counsel to the effect that the proposed assignment, lease or sale will not impair the
validity under the Act of the Bonds and will not adversely affect the exclusion of interest on the Bonds from gross income for federal tax purposes. 
 After any assignment, lease, sublease, sale, transfer or other disposition of any element or unit of the Facilities, or any interest therein, the Company may, at its option, cause such element or unit, or
interest therein, to no longer be deemed to be part of the Facilities for the purposes of this Agreement by delivering to the Authority and the Trustee the agreements or other documents required pursuant to Section 7.02 hereof together with an
instrument signed by an Authorized Company Representative stating that such element or unit, or interest therein, shall no longer be deemed to be part of the Facilities for the purposes of this Agreement. 

For purposes of this Section 7.01: 
 (a) “Independent Expert” means a Person which (i) is an engineer, appraiser or other expert and which, with respect to any certificate to be delivered pursuant to this Section, is qualified
to pass upon the matter set forth in such certificate and (ii)(A) is in fact independent, (B) does not have any direct material financial interest in the transferee or in any obligor upon the Bonds or under this Agreement or in any affiliate of
the transferee or any such obligor, (C) is not connected with the transferee or any such obligor as an officer, employee, promoter, underwriter, trustee, partner, director or any person performing similar functions and (D) is approved by
the Trustee in the exercise of reasonable care; for purposes of this definition “engineer” means a Person engaged in the engineering profession or otherwise qualified to pass upon engineering matters (including, but not limited to, a
Person licensed as a professional engineer, whether or not then engaged in the engineering profession); and for purposes of this definition “appraiser” means a Person engaged in the business of appraising property or otherwise qualified to
pass upon the Fair Value or fair market value of property. 
 (b) “Fair Value” means the fair value of
the interests, rights, assets and/or properties assigned, leased, subleased, sold, transferred or otherwise disposed of (but, in the case of a lease or sublease, only to the extent of such lease) as may be determined by reference to (i) except
in the case of a lease or sublease, the amount which would be likely to be obtained in an arm’s-length transaction with respect to such interests, rights, assets and/or properties between an informed and willing buyer and an informed and
willing seller, under no compulsion, respectively, to buy or sell, (ii) in the case of a lease or sublease, the amount (discounted to present value at a rate not lower than the taxable equivalent of the yield to maturity of the Bonds based on
prevailing market prices immediately prior to the first public announcement of the proposed transaction) which would be likely to be obtained in an arm’s-length transaction with respect to such interests, rights, assets and/or properties
between an informed and willing lessee and an informed and willing lessor, neither under any compulsion to lease, (iii) the amount of investment with respect to such interests, rights, assets and/or properties which, together with a reasonable
return thereon, would be likely to be recovered through ordinary business operations or otherwise, (iv) the cost, accumulated depreciation and replacement cost with respect to such interests, rights, assets and/or properties and/or (v) any
other relevant factors; provided, however, that (x) Fair Value shall be determined without deduction for any mortgage, deed of trust, pledge, security interest, encumbrance, lease, reservation, restriction, servitude, charge or similar right or
any other lien of any kind and (y) the Fair Value to the transferee of any property shall not reflect any reduction relating to the fact that such property may be of less value to a Person which is not the owner, lessee, sublessee or operator
of the property or any portion thereof than to a Person which is such owner, lessee or operator. Fair Value may be determined, without physical inspection, by the use of accounting and engineering records and other data maintained by the Company or
the transferee or otherwise available to the Independent Expert certifying the same. 

  
 11 

 SECTION 7.02. Instrument Furnished to the Authority and Trustee. The Company
shall, within fifteen (15) days after the delivery thereof, furnish to the Authority and the Trustee a true and complete copy of the agreements or other documents effectuating any such assignment, lease, sublease, sale, transfer or other
disposition. 
 SECTION 7.03. Limitation. This Agreement shall not be assigned nor shall the Company’s interest
in the Facilities be assigned, leased, subleased, sold, transferred or otherwise disposed of, in whole or in part, except as provided in this Article VII or in Section 6.01 or Section 5.02 hereof. This Article VII shall not apply to any
sale, transfer or other disposition by the Company of all of its assets, as or substantially as an entirety, as contemplated in Section 6.01. 
 ARTICLE VIII 
 EVENTS OF DEFAULT AND REMEDIES 

SECTION 8.01. Events of Default. Each of the following events shall constitute and is referred to in this Agreement as an
“Event of Default”: 
 (a) a failure by the Company to make any Loan Payment, which failure shall have
resulted in an “Event of Default” under clause (a) or (b) of Section 9.01 of the Indenture; 
 (b) a failure by the Company to pay when due any amount required to be paid under this Agreement or to observe and perform any covenant, condition or agreement on its part to be observed or performed
(other than a failure described in clause (a) above), which failure shall continue for a period of sixty (60) days after written notice, specifying such failure and requesting that it be remedied, shall have been given to the Company by
the Authority or the Trustee, unless the Authority and the Trustee shall agree in writing to an extension of such period prior to its expiration; provided, however, that the Authority and the Trustee shall be deemed to have agreed to an extension of
such period if corrective action is initiated by the Company within such period and is being diligently pursued; or 
 (c) the dissolution or liquidation of the Company, or failure by the Company promptly to lift any execution, garnishment or attachment of such consequence as will impair its ability to make any payments
under this Agreement, or the entry of an order for relief by a court of competent jurisdiction in any proceeding for its liquidation or reorganization under the provisions of any bankruptcy act or under any similar act which may be hereafter
enacted, or an assignment by the Company for the benefit of its creditors, or the entry by the Company into an agreement of composition with its creditors (the term “dissolution or liquidation of the Company,” as used in this clause, shall
not be construed to include the cessation of the corporate existence of the Company resulting either from a merger or consolidation of the Company into or with another entity or a dissolution or liquidation of the Company following a transfer of all
or substantially all its assets as an entirety, under the conditions permitting such actions contained in Section 6.01 hereof). 

  
 12 

 SECTION 8.02. Force Majeure. The provisions of Section 8.01 hereof are
subject to the following limitations: if by reason of acts of God; strikes, lockouts or other industrial disturbances; acts of public enemies; orders of any kind of the government of the United States or of the State of Arizona, or any department,
agency, political subdivision, court or official of any of them, or any civil or military authority; insurrections; riots; epidemics; landslides; lightning; earthquakes; volcanoes; fires; hurricanes; tornadoes; storms; floods; washouts; droughts;
arrests; restraint of government and people; civil disturbances; explosions; breakage or accident to machinery; partial or entire failure of utilities; or any cause or event not reasonably within the control of the Company, the Company is unable in
whole or in part to carry out any one or more of its agreements or obligations contained herein, other than its obligations under Section 5.01, Section 5.03, Section 5.05 and Section 6.01 hereof, the Company shall not be deemed
in default by reason of not carrying out said agreement or agreements or performing said obligation or obligations during the continuance of such inability. The Company shall make reasonable effort to remedy with all reasonable dispatch the cause or
causes preventing it from carrying out its agreements; provided, that the settlement of strikes, lockouts and other industrial disturbances shall be entirely within the discretion of the Company, and the Company shall not be required to make
settlement of strikes, lockouts and other industrial disturbances by acceding to the demands of the opposing party or parties when such course is in the judgment of the Company unfavorable to the Company. 

SECTION 8.03. Remedies. 
 (a) Upon the occurrence and continuance of any Event of Default described in clause (a) of Section 8.01 hereof, and further upon the condition that, in accordance with the terms of the
Indenture, the Bonds shall have been declared to be immediately due and payable pursuant to any provision of the Indenture, the Loan Payments shall, without further action, become and be immediately due and payable. 

Any waiver of any “Event of Default” under the Indenture and a rescission and annulment of its consequences shall constitute a
waiver of the corresponding Event or Events of Default under this Agreement and a rescission and annulment of the consequences thereof. 
 (b) Upon the occurrence and continuance of any Event of Default, the Authority, or the Trustee with respect to the rights of the Authority assigned to the Trustee by the Indenture, may take any action at
law or in equity to collect any payments then due and thereafter to become due, or to enforce performance and observance of any obligation, agreement or covenant of the Company hereunder. 

  
 13 

 (c) Any amounts collected by the Trustee from the Company pursuant to this Section 8.03
shall be applied in accordance with the Indenture. 
 SECTION 8.04. No Remedy Exclusive. No remedy conferred upon or
reserved to the Authority hereby is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at
law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right or power may be exercised from time
to time and as often as may be deemed expedient. In order to entitle the Authority to exercise any remedy reserved to it in this Article VIII, it shall not be necessary to give any notice, other than such notice as may be herein expressly required.

 SECTION 8.05. Reimbursement of Attorneys’ and Agents’ Fees. If the Company shall default under any of
the provisions hereof and the Authority or the Trustee shall employ attorneys or agents or incur other reasonable expenses for the collection of payments due hereunder or for the enforcement of performance or observance of any obligation or
agreement on the part of the Company contained herein, the Company will on demand therefor reimburse the Authority or the Trustee and any predecessor Trustee, as the case may be, for the reasonable fees of such attorneys and such other reasonable
expenses so incurred. 
 SECTION 8.06. Waiver of Breach. In the event any obligation created hereby shall be
breached by either of the parties and such breach shall thereafter be waived by the other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other breach hereunder. In view of the assignment
of certain of the Authority’s rights and interest hereunder to the Trustee, the Authority shall have no power to waive any breach hereunder by the Company in respect of such rights and interest without the consent of the Trustee, and the
Trustee may exercise any of such rights of the Authority hereunder. 
 ARTICLE IX 

REDEMPTION OF BONDS 
 SECTION 9.01. Redemption of Bonds. The Authority shall take, or cause to be taken, the actions required by the Indenture to discharge the lien created thereby through the redemption, or
provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Authority and the Trustee from the Company of a
notice designating the principal amount of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption and the
applicable redemption provision of the Indenture. Such redemption date shall not be less than thirty-five (35) days from the date such notice is given (unless a shorter notice is satisfactory to the Trustee). Unless otherwise stated therein,
such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the
Indenture. The Company shall furnish any moneys or Government Obligations (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Authority in connection with any of the foregoing purposes.

  
 14 

 SECTION 9.02. Compliance with the Indenture. Anything in this Agreement to the
contrary notwithstanding, the Authority and the Company shall take all actions required by this Agreement and the Indenture in order to comply with any provisions of the Indenture requiring the mandatory redemption of Bonds. 

ARTICLE X 

MISCELLANEOUS 

SECTION 10.01. Term of Agreement. This Agreement shall remain in full force and effect from the date hereof until the right,
title and interest of the Trustee in and to the Trust Estate (as defined in the Indenture) shall have ceased, terminated and become void in accordance with Article VIII of the Indenture and until all payments required under this Agreement shall have
been made. Notwithstanding the foregoing, the covenants contained in Sections 5.03, 5.04, 6.04 and 8.05 hereof shall survive the termination of this Agreement. 
 SECTION 10.02. Notices. Except as otherwise provided in this Agreement, all notices, certificates, requests, requisitions and other communications hereunder shall be in writing and shall be
sufficiently given and shall be deemed given when mailed by registered mail, postage prepaid, addressed as follows: if to the Authority, c/o Russo, Russo & Slania, P.C., 6700 N. Oracle Road, Suite 100, Tucson, Arizona, 85704, Attention:
Michael Slania; if to the Company, at 88 East Broadway Boulevard, Tucson, Arizona 85702, Attention: Treasurer; and if to the Trustee, at such address as shall be designated by it in the Indenture. A copy of each notice, certificate, request or other
communication given hereunder to the Authority, the Company, or the Trustee shall also be given to the others. The Authority, the Company, and the Trustee may, by notice given hereunder, designate any further or different addresses to which
subsequent notices, certificates, requests or other communications shall be sent. Notwithstanding any other provision of this Agreement to the contrary, any notice required to be delivered hereunder may be delivered by electronic means including,
without limitation, email in PDF format. 
 SECTION 10.03. Parties in Interest. This Agreement shall inure to the
benefit of and shall be binding upon the Authority, the Company and their respective successors and assigns, and no other person, firm or corporation shall have any right, remedy or claim under or by reason of this Agreement; provided, however, that
the lien and security interest granted to the Trustee in Section 4.03 hereof, as well as the rights and remedies granted to the Authority in Article VIII hereof, shall inure to the benefit of the Trustee, on behalf of the Owners from time to
time of the Bonds, and shall be enforceable by the Trustee as a third party beneficiary or as assignee of the Authority; and provided, further, that neither Pima County, Arizona nor the State of Arizona shall in any event be liable for the payment
of the principal of or premium, if any, or interest on the Bonds or for the performance of any pledge, mortgage, obligation or agreement created by or arising out of this Agreement or the issuance of the Bonds, and further that neither the Bonds nor
any such obligation or agreement of the Authority shall be construed to constitute an indebtedness of Pima County, Arizona or the State of Arizona within the meaning of any constitutional or statutory provisions whatsoever, but shall be limited
obligations of the Authority payable solely out of the revenues derived from this Agreement, or from the sale of the Bonds, or from the investment or reinvestment of any of the foregoing, as provided herein and in the Indenture. 

  
 15 

 SECTION 10.04. Amendments. This Agreement may be amended only by written
agreement of the parties hereto, subject to the limitations set forth herein and in the Indenture. 
 SECTION 10.05.
Counterparts. This Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall be an original; but such counterparts shall together constitute but one and the same Agreement. 

SECTION 10.06. Severability. If any clause, provision or section of this Agreement shall, for any reason, be held illegal or
invalid by any court, the illegality or invalidity of such clause, provision or section shall not affect any of the remaining clauses, provisions or sections hereof, and this Agreement shall be construed and enforced as if such illegal or invalid
clause, provision or section had not been contained herein. In case any agreement or obligation contained in this Agreement be held to be in violation of law, then such agreement or obligation shall be deemed to be the agreement or obligation of the
Authority or the Company, as the case may be, to the full extent permitted by law. 
 SECTION 10.07. Governing Law.
The laws of the State of Arizona shall govern the construction and enforcement of this Agreement, except that the provisions of Section 13.09 of the Indenture, construed as provided in Section 13.07 of the Indenture, shall apply to this
Agreement as if contained herein. 
 SECTION 10.08. Notice Regarding Cancellation of Contracts. As required by the
provisions of Section 38-511, Arizona Revised Statutes, as amended, notice is hereby given that political subdivisions of the State of Arizona or any of their departments or agencies may, within three (3) years of its execution, cancel any
contract, without penalty or further obligation, made by the political subdivisions or any of their departments or agencies on or after September 30, 1988, if any person significantly involved in initiating, negotiating, securing, drafting or
creating the contract on behalf of the political subdivisions or any of their departments or agencies is, at any time while the contract or any extension of the contract is in effect, an employee or agent of any other party to the contract in any
capacity or a consultant to any other party of the contract with respect to the subject matter of the contract. The cancellation shall be effective when written notice from the chief executive officer or governing body of the political subdivision
is received by all other parties to the contract unless the notice specifies a later time. 
 The Company covenants and agrees
not to employ as an employee, agent or, with respect to the subject matter of this Agreement, a consultant, any person significantly involved in initiating, negotiating, securing, drafting or creating such Agreement on behalf of the Authority within
three (3) years from the execution hereof, unless a waiver is provided by the Authority. 

  
 16 

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

			
	THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PIMA
		
	By:	 	 /s/ Frank Y. Valenzuela

		 	Name: Frank Y. Valenzuela
		 	Title: President
	
	TUCSON ELECTRIC POWER COMPANY
		
	By:	 	 /s/ Kentton C. Grant

		 	Name: Kentton C. Grant
		 	Title: Vice President and Treasurer

 Signature Page to Loan Agreement (2012 Series A) 

 EXHIBIT A 

Exhibit A to the Loan Agreement, dated as of March 1, 1998 (the “1998 Series A Loan Agreement”),
between the Authority* and the Company, entered into in
connection with the 1998 Series A Bonds, states that proceeds of the 1998 Series A Bonds were to be used to refinance costs of Unit No. 1 Environmental Facilities located in Apache County. Exhibit A to the Loan Agreement, dated as of
March 1, 1998 (the “1998 Series B Loan Agreement”), between the Authority and the Company, entered into in connection with the 1998 Series B Bonds, states that proceeds of the 1998 Series B Bonds were to be used to refinance costs of
Unit No. 2 Environmental Facilities located in Apache County. Exhibit A to the Loan Agreement, dated as of March 1, 1998 (the “1998 Series C Loan Agreement”), between the Authority and the Company, entered into in connection with
the 1998 Series C Bonds, states that proceeds of the 1998 Series C Bonds were to be used to refinance costs of transmission and distribution facilities and related properties located in Pima and Cochise Counties. 

The Bonds are being issued to refinance facilities which, for federal income tax purposes, are Local Furnishing Facilities (as such term
is defined in the Tax Agreement) located in Pima County, Arizona and in Cochise County, Arizona, as described in Article III of the Tax Agreement. As described in Section 3.4 of the Tax Agreement, this includes a pro rata share of the 1998
Series A Bonds, a pro rata share of the 1998 Series B Bonds, and a pro rata share of the 1998 Series C Bonds. 
  

	*	All capitalized terms used and not otherwise defined in this Exhibit A shall have the meanings assigned to such terms in the Agreement to which this Exhibit A is
attached or in the Indenture referred to in the Agreement or in the Tax Agreement as such term is defined in the Indenture. 

  
 A-1EX-4.16

 Exhibit 4.16 

 
  

 
 AMEREN CORPORATION

 AND 
  

 
 TRUSTEE

  
  

INDENTURE 

(FOR SUBORDINATED DEBT SECURITIES) 
 DATED AS OF                      

 
  

 

 CROSS REFERENCE SHEET SHOWING THE LOCATION IN THE INDENTURE OF THE PROVISIONS INSERTED
CORRELATIVE TO SECTIONS 310 THROUGH 318(a), 
 INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939 

 

					
	 Trust Indenture Act
 Section
	 	 	  	 Indenture
 Section

			
	310 (a) (1)	 		  	9.09
	   (a) (2)
	 		  	9.09
	   (a) (3)
	 		  	Not Applicable
	   (a) (4)
	 		  	Not Applicable
	   (a) (5)
	 		  	9.09
	   (b)
	 		  	9.08
	   (c)
	 		  	Not Applicable
	311 (a)	 		  	9.14
	   (b)
	 		  	9.14
	   (c)
	 		  	Not Applicable
	312 (a)	 		  	7.01 and 7.02(a)
	   (b)
	 		  	7.02(b)
	   (c)
	 		  	7.02(c)
	313 (a)	 		  	7.04(a)
	   (b)
	 		  	7.04(b)
	   (c)
	 		  	7.04(d)
	   (d)
	 		  	7.04(c)
	314 (a)	 		  	7.03 and 6.06
	   (b)
	 		  	6.05
	   (c) (1)
	 		  	1.03 and 16.05
	   (c) (2)
	 		  	1.03 and 16.05
	   (c) (3)
	 		  	Not Applicable
	   (d)
	 		  	1.03 and 4.06
	   (e)
	 		  	16.05(b)
	   (f)
	 		  	Not Applicable
	315 (a)	 		  	9.01
	   (b)
	 		  	8.08
	   (c)
	 		  	9.01(a)
	   (d)
	 		  	9.01(b)
	   (e)
	 		  	8.09
	316 (a)	 		  	8.07 and 10.04
	   (b)
	 		  	8.04(b) and 13.02
	   (c)
	 		  	10.06
	317 (a) (1)	 		  	8.02(b)
	   (a) (2)
	 		  	8.02(c)
	   (b)
	 		  	5.02 and 6.04
	318 (a)	 		  	16.07

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

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 Section 1.01
	 	General.	  	 	6	  
	 Section 1.02
	 	Trust Indenture Act.	  	 	7	  
	 Section 1.03
	 	Definitions.	  	 	7	  
	
	ARTICLE II	  
	
	 FORM, ISSUE, EXECUTION, REGISTRATION AND

EXCHANGE OF NOTES
	   

  

			
	 Section 2.01
	 	Forms Generally.	  	 	11	  
	 Section 2.02
	 	Form Of Trustee’s Certificate Of Authentication.	  	 	12	  
	 Section 2.03
	 	Amount Unlimited.	  	 	12	  
	 Section 2.04
	 	Denominations, Dates, Interest Payment And Record Dates.	  	 	12	  
	 Section 2.05
	 	Execution, Authentication, Delivery And Dating.	  	 	13	  
	 Section 2.06
	 	Exchange And Registration Of Transfer Of Notes.	  	 	16	  
	 Section 2.07
	 	Mutilated, Destroyed, Lost Or Stolen Notes.	  	 	16	  
	 Section 2.08
	 	Temporary Notes.	  	 	17	  
	 Section 2.09
	 	Cancellation Of Notes Paid, Etc.	  	 	18	  
	 Section 2.10
	 	Interest Rights Preserved.	  	 	18	  
	 Section 2.11
	 	Special Record Date.	  	 	18	  
	 Section 2.12
	 	Payment Of Notes.	  	 	18	  
	 Section 2.13
	 	Notes Issuable In The Form Of A Global Note.	  	 	19	  
	 Section 2.14
	 	CUSIP and ISIN Numbers.	  	 	21	  
	 Section 2.15
	 	Extension of Interest Payment Periods.	  	 	21	  
	
	ARTICLE III	  
	
	REDEMPTION OF NOTES	  
			
	 Section 3.01
	 	Applicability Of Article.	  	 	21	  
	 Section 3.02
	 	Notice Of Redemption; Selection Of Notes.	  	 	21	  
	 Section 3.03
	 	Payment Of Notes On Redemption; Deposit Of Redemption Price.	  	 	22	  

  
 i 

							
	ARTICLE IV	  
	
	SINKING FUNDS	  
			
	 Section 4.01
	 	Applicability of Article.	  	 	23	  
	 Section 4.02
	 	Satisfaction of Sinking Fund Payments with Notes.	  	 	24	  
	 Section 4.03
	 	Redemption of Notes for Sinking Fund.	  	 	24	  
	
	ARTICLE V	  
	
	SATISFACTION AND DISCHARGE; UNCLAIMED MONEYS	  
			
	 Section 5.01
	 	Satisfaction and Discharge of Indenture.	  	 	25	  
	 Section 5.02
	 	Application of Trust Funds; Indemnification.	  	 	25	  
	 Section 5.03
	 	Legal Defeasance.	  	 	26	  
	 Section 5.04
	 	Covenant Defeasance.	  	 	27	  
	 Section 5.05
	 	Repayment to Company.	  	 	28	  
	
	ARTICLE VI	  
	
	PARTICULAR COVENANTS OF THE COMPANY	  
			
	 Section 6.01
	 	Payment Of Principal And Interest.	  	 	29	  
	 Section 6.02
	 	Offices For Payments, Etc.	  	 	29	  
	 Section 6.03
	 	Appointment To Fill A Vacancy In Office Of Trustee.	  	 	29	  
	 Section 6.04
	 	Provision As To Paying Agent.	  	 	30	  
	 Section 6.05
	 	Corporate Existence.	  	 	30	  
	 Section 6.06
	 	Certificates And Notice To Trustee.	  	 	30	  
	
	ARTICLE VII	  
	
	 NOTEHOLDER LISTS AND REPORTS BY

THE COMPANY AND THE TRUSTEE
	   

  

			
	 Section 7.01
	 	Company To Furnish Noteholder Lists.	  	 	31	  
	 Section 7.02
	 	Preservation and Disclosure of Noteholder Lists.	  	 	31	  
	 Section 7.03
	 	Reports By The Company.	  	 	32	  
	 Section 7.04
	 	Reports By The Trustee.	  	 	33	  

  
 ii 

							
	ARTICLE VIII	  
	
	 REMEDIES OF THE TRUSTEE AND NOTEHOLDERS

ON EVENTS OF DEFAULT
	   

  

			
	 Section 8.01
	 	Events Of Default.	  	 	34	  
	 Section 8.02
	 	Collection Of Indebtedness By Trustee; Trustee May Prove Debt.	  	 	36	  
	 Section 8.03
	 	Application Of Proceeds.	  	 	37	  
	 Section 8.04
	 	Limitations On Suits By Noteholders.	  	 	38	  
	 Section 8.05
	 	Suits For Enforcement.	  	 	39	  
	 Section 8.06
	 	Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of Default.	  	 	39	  
	 Section 8.07
	 	Direction of Proceedings and Waiver of Defaults By Majority of Noteholders.	  	 	39	  
	 Section 8.08
	 	Notice of Default.	  	 	40	  
	 Section 8.09
	 	Undertaking To Pay Costs.	  	 	40	  
	 Section 8.10
	 	Restoration of Rights on Abandonment of Proceedings.	  	 	41	  
	 Section 8.11
	 	Waiver of Usury, Stay or Extension Laws.	  	 	41	  
	
	ARTICLE IX	  
	
	CONCERNING THE TRUSTEE	  
			
	 Section 9.01
	 	Duties and Responsibilities of Trustee.	  	 	41	  
	 Section 9.02
	 	Reliance on Documents, Opinions, Etc.	  	 	42	  
	 Section 9.03
	 	No Responsibility For Recitals, Etc.	  	 	43	  
	 Section 9.04
	 	Trustee, Authenticating Agent, Paying Agent Or Registrar May Own Notes.	  	 	43	  
	 Section 9.05
	 	Moneys To Be Held In Trust.	  	 	43	  
	 Section 9.06
	 	Compensation And Expenses Of Trustee.	  	 	44	  
	 Section 9.07
	 	Officers’ Certificate As Evidence.	  	 	44	  
	 Section 9.08
	 	Conflicting Interest Of Trustee.	  	 	44	  
	 Section 9.09
	 	Existence And Eligibility Of Trustee.	  	 	44	  
	 Section 9.10
	 	Resignation Or Removal Of Trustee.	  	 	45	  
	 Section 9.11
	 	Appointment Of Successor Trustee.	  	 	46	  
	 Section 9.12
	 	Acceptance By Successor Trustee.	  	 	46	  
	 Section 9.13
	 	Succession By Merger, Etc.	  	 	46	  
	 Section 9.14
	 	Limitations On Rights Of Trustee As A Creditor.	  	 	47	  
	 Section 9.15
	 	Authenticating Agent.	  	 	47	  
	
	ARTICLE X	  
	
	CONCERNING THE NOTEHOLDERS	  
			
	 Section 10.01
	 	Action By Noteholders.	  	 	48	  

  
 iii

							
	 Section 10.02
	 	Proof Of Execution By Noteholders.	  	 	48	  
	 Section 10.03
	 	Persons Deemed Absolute Owners.	  	 	48	  
	 Section 10.04
	 	Company-Owned Notes Disregarded.	  	 	49	  
	 Section 10.05
	 	Revocation Of Consents; Future Holders Bound.	  	 	49	  
	 Section 10.06
	 	Record Date For Noteholder Acts.	  	 	49	  
	
	ARTICLE XI	  
	
	NOTEHOLDERS’ MEETING	  
			
	 Section 11.01
	 	Purposes Of Meetings.	  	 	50	  
	 Section 11.02
	 	Call Of Meetings By Trustee.	  	 	50	  
	 Section 11.03
	 	Call Of Meetings By Company Or Noteholders.	  	 	50	  
	 Section 11.04
	 	Qualifications For Voting.	  	 	50	  
	 Section 11.05
	 	Regulations.	  	 	51	  
	 Section 11.06
	 	Voting.	  	 	51	  
	 Section 11.07
	 	Rights Of Trustee Or Noteholders Not Delayed.	  	 	52	  
	
	ARTICLE XII	  
	
	CONSOLIDATION, MERGER, SALE, TRANSFER OR CONVEYANCE	  
			
	 Section 12.01
	 	Company May Consolidate, Etc. Only On Certain Terms.	  	 	52	  
	 Section 12.02
	 	Successor Corporation Substituted.	  	 	52	  
	
	ARTICLE XIII	  
	
	SUPPLEMENTAL INDENTURES	  
			
	 Section 13.01
	 	Supplemental Indentures Without Consent Of Noteholders.	  	 	52	  
	 Section 13.02
	 	Supplemental Indentures With Consent Of Noteholders.	  	 	54	  
	 Section 13.03
	 	Compliance With Trust Indenture Act; Effect Of Supplemental Indentures.	  	 	55	  
	 Section 13.04
	 	Notation On Notes.	  	 	55	  
	 Section 13.05
	 	Evidence Of Compliance Of Supplemental Indenture To Be Furnished Trustee.	  	 	55	  
	
	ARTICLE XIV	  
	
	 IMMUNITY OF INCORPORATORS,

STOCKHOLDERS, OFFICERS AND DIRECTORS
	   

  

			
	 Section 14.01
	 	Indenture And Notes Solely Corporate Obligations.	  	 	55	  

  
 iv 

							
	ARTICLE XV	  
	
	SUBORDINATION OF NOTES	  
			
	 Section 15.01
	 	Notes Subordinate to Senior Indebtedness.	  	 	56	  
	 Section 15.02
	 	Payment over of Proceeds of Notes.	  	 	56	  
	 Section 15.03
	 	Disputes with Holders of Certain Senior Indebtedness.	  	 	57	  
	 Section 15.04
	 	Subordination.	  	 	58	  
	 Section 15.05
	 	Obligation of Company Unconditional.	  	 	58	  
	 Section 15.06
	 	Priority of Senior Indebtedness upon Maturity.	  	 	59	  
	 Section 15.07
	 	Trustee as Holder of Senior Indebtedness.	  	 	59	  
	 Section 15.08
	 	Notice to Trustee to Effectuate Subordination.	  	 	59	  
	 Section 15.09
	 	Modification, Extension, etc. of Senior Indebtedness.	  	 	59	  
	 Section 15.10
	 	Trustee has no Fiduciary Duty to Holders of Senior Indebtedness.	  	 	59	  
	 Section 15.11
	 	Paying Agents other than Trustee.	  	 	60	  
	 Section 15.12
	 	Rights of Holders of Senior Indebtedness not Impaired.	  	 	60	  
	 Section 15.13
	 	Effect of Subordination Provisions; Termination.	  	 	60	  
	
	ARTICLE XVI	  
	
	MISCELLANEOUS PROVISIONS	  
			
	 Section 16.01
	 	Provisions Binding On Company’s Successors.	  	 	60	  
	 Section 16.02
	 	Official Acts By Successor Corporation.	  	 	60	  
	 Section 16.03
	 	Notices.	  	 	60	  
	 Section 16.04
	 	Governing Law.	  	 	61	  
	 Section 16.05
	 	Evidence Of Compliance With Conditions Precedent.	  	 	61	  
	 Section 16.06
	 	Business Days.	  	 	62	  
	 Section 16.07
	 	Trust Indenture Act To Control.	  	 	62	  
	 Section 16.08
	 	Table Of Contents, Headings, Etc.	  	 	62	  
	 Section 16.09
	 	Execution In Counterparts.	  	 	62	  
	 Section 16.10
	 	Manner Of Mailing Notice To Noteholders.	  	 	62	  
	 Section 16.11
	 	Approval By Trustee Of Counsel.	  	 	63	  

  
 v 

 THIS INDENTURE, dated as of
                    , between AMEREN CORPORATION, a corporation duly organized and existing under the laws of the State of Missouri (the
“COMPANY”), and                             , a
         banking             , as trustee (the “TRUSTEE”). 
 W I T N E S S E T H 
 WHEREAS, for its lawful corporate purposes, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured subordinated
debentures, notes or other evidences of indebtedness (the “Notes”), to be issued in one or more series as in this Indenture provided; and 
 WHEREAS, all acts and things necessary to make this Indenture a valid agreement according to its terms have been done and performed, and the execution of this Indenture and the issue hereunder of the
Notes have in all respects been duly authorized; 
 NOW THEREFORE, THIS INDENTURE WITNESSETH: 

That in order to declare the terms and conditions upon which the Notes are, and are to be authenticated, issued and delivered, and in
consideration of the premises, of the purchase and acceptance of the Notes by the Holders thereof and of the sum of one dollar duly paid to it by the Trustee at the execution of this Indenture, the receipt whereof is hereby acknowledged, the Company
covenants and agrees with the Trustee for the equal and proportionate benefit of the respective Holders from time to time of the Notes or of any series thereof, as follows: 
 ARTICLE I 
 DEFINITIONS 

Section 1.01 General. 
 (a) The terms defined in this Article I (whether or not capitalized and except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of
any indenture supplemental hereto or Company Order (as hereinafter defined) shall have the respective meanings specified in this Article I. 
 (b) All accounting terms used herein and not expressly defined herein shall have the meanings assigned to them in accordance with generally accepted accounting principles in the United States of America,
and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the
United States of America at the date of such computation; provided, that when two or more principles are so generally accepted, it shall mean that set of principles consistent with those in use by the Company. 

  
 6 

 Section 1.02 Trust Indenture Act. 

(a) Whenever this Indenture refers to a provision of the Trust Indenture Act of 1939 (the “TIA”), such provision is
incorporated by reference in and made a part of this Indenture. 
 (b) Unless otherwise indicated, all terms used in this
Indenture that are defined by the TIA, defined by the TIA by reference to another statute or defined by a rule of the Commission under the TIA shall have the meanings assigned to them in the TIA or such statute or rule as in force on the date of
execution of this Indenture. 
 (c) The Company and the Trustee agree to comply with the TIA notwithstanding any exemption that
may be available thereunder. 
 Section 1.03 Definitions. For purposes of this Indenture, the following terms shall
have the following meanings. 
 “AUTHENTICATING AGENT” shall mean any agent of the Trustee which shall be
appointed and acting pursuant to Section 9.15 hereof. 
 “AUTHORIZED AGENT” shall mean any agent of the
Company designated as such by an Officers’ Certificate delivered to the Trustee. 
 “BOARD OF DIRECTORS”
shall mean the Board of Directors of the Company or the Executive Committee of such Board or any other duly authorized committee of such Board. 
 “BOARD RESOLUTION” shall mean a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in
full force and effect on the date of such certification, and delivered to the Trustee. 
 “BUSINESS DAY” shall
mean each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions or trust companies in the Borough of Manhattan, the City and State of New York, or in the city where the corporate trust office of the Trustee
is located, are obligated or authorized by law or executive order to close, except as otherwise specified in a Company Order pursuant to Section 2.05 hereof. 
 “COMMISSION” shall mean the United States Securities and Exchange Commission, or if at any time hereafter the Commission is not existing or performing the duties now assigned to it under
the TIA, then the body performing such duties. 
 “COMPANY” shall mean the corporation named as the
“Company” in the first paragraph of this Indenture, and its successors and assigns permitted hereunder. 

“COMPANY ORDER” shall mean a written order or certificate signed in the name of the Company by one of the Chairman, the
President, any Vice President (whether or not designated by a number or numbers or a word or words added before or after the title “Vice President”), the Treasurer or an Assistant Treasurer of the Company, and delivered to the
Trustee. At the Company’s option, a Company Order may take the form of a supplemental indenture to this Indenture. 

  
 7 

 “CORPORATE TRUST OFFICE OF THE TRUSTEE”, or other similar term, shall mean
the corporate trust office of the Trustee, at which at any particular time its corporate trust business shall be principally administered, which office is at the date of the execution of this Indenture located at
                                         
   . 
 “DEBT” shall mean any outstanding funded obligations of the Company for money borrowed,
whether or not evidenced by notes, debentures, bonds or other securities, reimbursement obligations under letters of credit, or guarantees of any such obligations issued by another Person. 

“DEPOSITARY” shall mean, unless otherwise specified in a Company Order pursuant to Section 2.05 hereof, The
Depository Trust Company, New York, New York (“DTC”), or any successor thereto registered and qualified as a clearing agency under the Securities Exchange Act of 1934, or other applicable statute or regulation. 

“EVENT OF DEFAULT” shall mean any event specified in Section 8.01 hereof, continued for the period of time, if any,
and after the giving of the notice, if any, therein designated. 
 “GLOBAL NOTE” shall mean a Note that,
pursuant to Section 2.05 hereof, is delivered to the Depositary or pursuant to the instructions of the Depositary and that shall be registered in the name of the Depositary or its nominee. 

“HOLDER”, “HOLDER OF NOTES” or “NOTEHOLDER” shall mean any Person in whose name at the
time a particular Note is registered on the books of the Trustee kept for that purpose in accordance with the terms hereof. 

“INDENTURE” shall mean this instrument as originally executed or, if amended or supplemented as herein provided, as so
amended or supplemented, and shall include the terms and provisions of a particular series of Notes established pursuant to Section 2.05 hereof. 
 “INTEREST PAYMENT DATE”, when used with respect to any Note, shall mean (a) each date designated as such for the payment of interest on such Note specified in a Company Order
pursuant to Section 2.05 hereof (provided that the first Interest Payment Date for such Note, the Original Issue Date of which is after a Regular Record Date but prior to the respective Interest Payment Date, shall be the Interest Payment Date
following the next succeeding Regular Record Date), (b) a date of Maturity of such Note and (c) only with respect to defaulted interest on such Note, the date established by the Trustee for the payment of such defaulted interest pursuant
to Section 2.11 hereof. 
 “MATURITY,” when used with respect to any Note, shall mean the date on which
the principal of such Note becomes due and payable as therein or herein provided, whether at the Stated Maturity thereof or by declaration of acceleration, redemption or otherwise. 

  
 8 

 “NOTE” or “NOTES” has the meaning stated in the first
recital of this Indenture and more particularly means any note or notes, as the case may be, authenticated and delivered under this Indenture, including any Global Note. 
 “OFFICERS’ CERTIFICATE” when used with respect to the Company, shall mean a certificate signed by one of the Chairman, the President, any Vice President (whether or not designated by
a number or numbers or a word or words added before or after the title “Vice President”), and by the Chief Financial Officer, Treasurer, any Assistant Treasurer, the Secretary or an Assistant Secretary of the Company; provided, that no
individual shall be entitled to sign in more than one capacity. 
 “OPINION OF COUNSEL” shall mean an opinion
in writing signed by legal counsel, who may be an employee of the Company, meeting the applicable requirements of Section 16.05 hereof. If the Indenture requires the delivery of an Opinion of Counsel to the Trustee, the text and substance of
which has been previously delivered to the Trustee, the Company may satisfy such requirement by the delivery by the legal counsel that delivered such previous Opinion of Counsel of a letter to the Trustee to the effect that the Trustee may rely on
such previous Opinion of Counsel as if such Opinion of Counsel was dated and delivered the date delivery of such Opinion of Counsel is required. Any Opinion of Counsel may contain reasonable conditions and qualifications satisfactory to the Trustee.

 “ORIGINAL ISSUE DATE” shall mean for a Note, or portions thereof, the date upon which it, or such portion,
was issued by the Company pursuant to this Indenture and authenticated by the Trustee (other than in connection with a transfer, exchange or substitution). 
 “OUTSTANDING”, when used with reference to Notes, shall, subject to Section 10.04 hereof, mean, as of any particular time, all Notes authenticated and delivered by the Trustee under
this Indenture, except 
 (a) Notes theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

 (b) Notes, or portions thereof, for the payment or redemption of which moneys in the necessary amount shall have been
deposited in trust with the Trustee or with any paying agent (other than the Company), provided that if such Notes are to be redeemed prior to the Stated Maturity thereof, notice of such redemption shall have been given as provided in Article III,
or provisions satisfactory to the Trustee shall have been made for giving such notice; 
 (c) Notes, or portions thereof, that
have been paid and discharged or are deemed to have been paid and discharged pursuant to the provisions of this Indenture; and 

(d) Notes in lieu of or in substitution for which other Notes shall have been authenticated and delivered, or which have been paid,
pursuant to Section 2.07 hereof. 
 “PERIODIC OFFERING” means an offering of Notes of a series from time
to time the specific terms of which Notes, including without limitation the rate or rates of interest, if any, thereon, the Stated Maturity or Maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by
the Company or its agents upon the issuance of such Notes. 

  
 9 

 “PERSON” shall mean any individual, corporation, company partnership,
joint venture, limited liability company, association, joint-stock company, trust, unincorporated organization or government or any agent or political subdivision thereof. 
 “PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY” shall mean 1901 Chouteau Avenue, St. Louis, Missouri 63103, or such other place where the main corporate offices of the Company are
located as designated in writing to the Trustee by an Authorized Agent. 
 “REGULAR RECORD DATE” shall mean,
unless otherwise specified in a Company Order pursuant to Section 2.05 hereof, for an Interest Payment Date for a particular Note (except for an Interest Payment Date with respect to defaulted interest on such Note) (a) the fifteenth day
next preceding each Interest Payment Date (unless the Interest Payment Date is the date of Maturity of such Note, in which event, the Regular Record Date shall be as described in clause (b) hereof) and (b) the date of Maturity of such
Note. 
 “RESPONSIBLE OFFICER” or “RESPONSIBLE OFFICERS” when used with respect to the Trustee
shall mean one or more of the following: any assistant vice president, any assistant treasurer, any trust officer, any assistant trust officer, or any other officer or assistant officer of the Trustee customarily performing functions similar to
those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject. 

“SENIOR INDEBTEDNESS” shall mean all obligations (other than non-recourse obligations, the indebtedness issued under
this Indenture and other indebtedness which is either effectively by its terms or expressly made subordinate to or pari passu with the indebtedness issued under this Indenture) of, or guaranteed (except to the extent the Company’s payment
obligations under any such guarantee are subordinate to or pari passu with the indebtedness issued under this Indenture) or assumed by, the Company for borrowed money, including both senior and subordinated indebtedness for borrowed money (other
than indebtedness issued under this Indenture and other indebtedness which is expressly made subordinate to or pari passu with the indebtedness issued under this Indenture), or for the payment of money relating to any lease which is capitalized on
the balance sheet of the Company in accordance with generally accepted accounting principles as in effect from time to time, or evidenced by bonds, debentures, notes or other similar instruments, and in each case, amendments, renewals, extensions,
modifications and refundings of any such indebtedness or obligations with Senior Indebtedness, whether existing as of the date of this Indenture or subsequently incurred by the Company. 

“SPECIAL RECORD DATE” shall mean, with respect to any Note, the date established by the Trustee in connection with the
payment of defaulted interest on such Note pursuant to Section 2.11 hereof. 

  
 10 

 “STATED MATURITY” shall mean with respect to any Note, the last date on
which principal on such Note becomes due and payable as therein or herein provided, other than by declaration of acceleration or by redemption. 
 “SUBSIDIARY” shall mean, as to any Person, any corporation or other entity of which at least a majority of the securities or other ownership interest having ordinary voting power
(absolutely or contingently) for the election of directors or other Persons performing similar functions are at the time owned directly or indirectly by such Person. 
 “TRUSTEE” shall mean                     and, subject to Article IX, shall also include
any successor Trustee. 
 “U.S. GOVERNMENT OBLIGATIONS” shall mean (i) direct non-callable obligations of,
or non-callable obligations guaranteed as to timely payment of principal and interest by, the United States of America or obligations of a person controlled or supervised by and acting as an agency or instrumentality thereof for the payment of which
obligations or guarantee the full faith and credit of the United States is pledged or (ii) certificates or receipts representing direct ownership interests in obligations or specified portions (such as principal or interest) of obligations
described in clause (i) above, which obligations are held by a custodian in safekeeping in a manner satisfactory to the Trustee. 
 ARTICLE II 
 FORM, ISSUE, EXECUTION, REGISTRATION AND  

EXCHANGE OF NOTES 
 Section 2.01 Forms Generally. 
 (a) The Notes shall be in such form as
shall be established by a Company Order pursuant to Section 2.05(c) hereof with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or
other marks of identification and such legends or endorsements placed thereon as may be required to comply with applicable rules of any securities exchange or of the Depositary or with applicable law or as may, consistently herewith, be determined
by the officers executing such Notes, as evidenced by their execution of such Notes. 
 (b) The definitive Notes shall be typed,
printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Notes, as evidenced by their execution of such Notes. 

  
 11 

 Section 2.02 Form Of Trustee’s Certificate Of Authentication. The
Trustee’s certificate of authentication on all Notes shall be in substantially the following form: 
 Trustee’s
Certificate of Authentication 
 This Note is one of the Notes of the series herein designated, described or provided for in the
within-mentioned Indenture. 
  

			
	  
	 	, as Trustee

 

			
	By:	 	  

		 	Authorized Signatory

 Section 2.03 Amount Unlimited. The aggregate principal amount of Notes that may be
authenticated and delivered under this Indenture is unlimited, subject to compliance with the provisions of this Indenture. 

Section 2.04 Denominations, Dates, Interest Payment And Record Dates. 

(a) The Notes of each series shall be issuable in registered form without coupons in denominations of $1,000 and integral multiples
thereof or such other amount or amounts as may be authorized by the Board of Directors or a Company Order pursuant to a Board Resolution or in one or more indentures supplemental hereto; provided, that the principal amount of a Global Note shall not
exceed $500,000,000 unless otherwise permitted by the Depositary. 
 (b) Each Note shall be dated and issued as of the date of
its authentication by the Trustee, and shall bear an Original Issue Date; each Note issued upon transfer, exchange or substitution of a Note shall bear the Original Issue Date or Dates of such transferred, exchanged or substituted Note, subject to
the provisions of Section 2.13(d) hereof. 
 (c) Each Note shall accrue interest from the later of (1) its Original
Issue Date or the date specified in such Note and (2) the most recent date to which interest has been paid or duly provided for with respect to such Note until the principal of such Note is paid or made available for payment, and interest on
each Note shall be payable on each Interest Payment Date after the Original Issue Date. 
 (d) Each Note shall mature on a
Stated Maturity specified in the Note. The principal amount of each outstanding Note shall be payable on the Stated Maturity date specified therein. 
 (e) Unless otherwise specified in a Company Order pursuant to Section 2.05 hereof, interest on each of the Notes shall be calculated on the basis of a 360-day year of twelve 30-day months (and for
any partial periods shall be calculated on the basis of the number of days elapsed in a 360-day year of twelve 30-day months) and shall be computed at a fixed rate until the Stated Maturity of such Notes. The method of computing interest on any
Notes not bearing a fixed rate of interest shall be set forth in a Company Order pursuant to Section 2.05 hereof. Unless otherwise specified in a Company Order pursuant to Section 2.05 hereof, principal, interest and premium on the Notes
shall be payable in the currency of the United States. 
 (f) Except as provided in the following sentence, the Person in whose
name any Note is registered at the close of business on any Regular Record Date or Special Record Date 

  
 12 

 
with respect to an Interest Payment Date for such Note shall be entitled to receive the interest payable on such Interest Payment Date notwithstanding the cancellation of such Note upon any
registration of transfer, exchange or substitution of such Note subsequent to such Regular Record Date or Special Record Date and prior to such Interest Payment Date. Any interest payable at Maturity shall be paid to the Person to whom the principal
of such Note is payable. 
 (g) So long as the Trustee is the registrar and paying agent, the Trustee shall, as soon as
practicable but no later than the Regular Record Date preceding each applicable Interest Payment Date, provide to the Company a list of the principal, interest and premium to be paid on Notes on such Interest Payment Date. The Trustee shall assume
responsibility for withholding taxes on interest paid as required by law except with respect to any Global Note. 

Section 2.05 Execution, Authentication, Delivery And Dating. 

(a) The Notes shall be executed on behalf of the Company by one of its Chairman, President, any Vice President (whether or not designated
by a number or numbers or a word or words added before or after the title “Vice President”), its Treasurer or an Assistant Treasurer of the Company and attested by the Secretary or an Assistant Secretary of the Company. The signature of
any of these officers on the Notes may be manual or facsimile. Typographical and other minor errors or defects in any such signature shall not affect the validity or enforceability of any Note that has been duly authenticated and delivered by the
Trustee. 
 (b) Notes bearing the manual or facsimile signatures of individuals who were at the time of execution 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 Notes or did not hold such offices at the date of such Notes.

 (c) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes of
any series executed by the Company to the Trustee for authentication, together with or preceded by one or more Company Orders for the authentication and delivery of such Notes, and the Trustee in accordance with any such Company Order shall
authenticate and make available for delivery such Notes; provided, however, that, with respect to Notes of a series subject to a Periodic Offering, (A) such Company Order may be delivered by the Company to the Trustee prior to the delivery to
the Trustee of such Notes for authentication and delivery, (B) the Trustee shall authenticate and deliver Notes of such series for original issue from time to time, in an aggregate principal amount not exceeding the aggregate principal amount
established for such series, all pursuant to a further Company Order or pursuant to such procedures acceptable to the Trustee as may be specified from time to time by such further Company Order, (C) the Stated Maturity or Maturities, Original
Issue Date or Dates, interest rate or rates and any other terms of Notes of such series shall be determined by such further Company Order or pursuant to such procedures and (D) if provided for in such procedures, such Company Order may
authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. Such Company Order shall specify the following
with respect to each series of Notes: (i) the title of the Notes of such series (which shall distinguish the Notes of such series from Notes of all other series) and any limitations on the aggregate principal amount of the Notes to be issued as
part of such series, (ii)

  
 13 

 
the Original Issue Date for such series, (iii) the Stated Maturity of Notes of such series, (iv) the interest rate or rates, or method of calculation of such rate or rates, for such
series and the date from which such interest will accrue, (v) the terms, if any, regarding the optional or mandatory redemption of such series, including redemption date or dates of such series, if any, and the price or prices applicable to
such redemption, (vi) whether or not the Notes of such series shall be issued in whole or in part in the form of a Global Note and, if so, the Depositary for such Global Note if not DTC, (vii) the form of the Notes of such series,
(viii) the maximum annual interest rate, if any, of the Notes permitted for such series, (ix) the period or periods within which, the price or prices at which and the terms and conditions upon which such series may be repaid, in whole or
in part, at the option of the Holder thereof, (x) the establishment of any office or agency pursuant to Section 6.02 hereof, (xi) any Events of Default, in addition to those specified in Section 8.01 hereof, with respect to the
Notes of such series, and any covenants of the Company for the benefit of the Holders of the Notes of such series in addition to those set forth in Articles VI and XII hereof, (xii) the terms, if any, pursuant to which the Notes of such series
may be converted into or exchanged for shares of capital stock or other securities of the Company, and (xiii) any other terms of such series not inconsistent with this Indenture. With respect to Notes of a series subject to a Periodic Offering,
such Company Order may provide general terms or parameters for Notes of such series and provide either that the specific terms of particular Notes of such series shall be specified in a further Company Order or that such terms shall be determined by
the Company or its agents in accordance with such further Company Order as contemplated by the proviso of the first sentence of this Section 2.05(c). Prior to authenticating Notes of any series, and in accepting the additional responsibilities
under this Indenture in relation to such Notes, the Trustee shall receive from the Company the following at or before the issuance of such series of Notes, and (subject to Section 9.01 hereof) shall be fully protected in relying upon, unless
and until such documents have been superseded or revoked prior to such issuance: 
 (1) A Board Resolution
authorizing such Company Order or Orders and, if the form of Notes is established by a Board Resolution or a Company Order pursuant to a Board Resolution, a copy of such Board Resolution; 

(2) At the option of the Company, either an Opinion of Counsel or a letter addressed to the Trustee permitting it to rely
on an Opinion of Counsel, stating substantially the following subject to customary qualifications and exceptions: 
 (A) if the form of such Notes has been established by or pursuant to a Board Resolution, a Company Order pursuant to a Board Resolution, or in a supplemental indenture as permitted by Section 2.01
hereof, that such form has been established in conformity with this Indenture; 
 (B) that this Indenture has
been duly authorized, executed and delivered by the Company and constitutes a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except as may be limited by bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding at law or in equity) and by an implied covenant of
reasonableness, good faith and fair dealing; 

  
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 (C) that this Indenture is qualified to the extent necessary under the TIA
or, if not so required, that this Indenture is not required to be qualified under the TIA; 
 (D) that such Notes
have been duly authorized and executed by the Company, and when authenticated by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of
the Company, enforceable against the Company in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium and other similar laws relating to or affecting
creditors’ rights generally, general equitable principles (whether considered in a proceeding at law or in equity) and by an implied covenant of reasonableness, good faith and fair dealing; 

(E) that the issuance of such Notes will not result in any default under this Indenture; 

(F) that all consents or approvals of any federal or state regulatory agency required in connection with the
Company’s execution and delivery of this Indenture and such Notes have been obtained and are in full force and effect (except that no statement need be made with respect to state securities laws); and 

(G) that all conditions that must be met by the Company to issue Notes under this Indenture have been met. 

(3) An Officers’ Certificate stating that (i) the Company is not, and upon the authentication by the Trustee of
such Notes, will not be in default under any of the terms or covenants contained in this Indenture and (ii) all conditions that must be met by the Company to issue Notes under this Indenture have been met. 

(d) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Note a certificate of authentication substantially in the form provided for herein executed by the Trustee by the manual signature of an authorized officer, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that
such Note has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. 
 (e) If all
Notes of a series are not to be authenticated and issued at one time in connection with a Periodic Offering, the Company shall not be required to deliver the Company Order, Board Resolution, Officers’ Certificate and Opinion of Counsel
(including any of the foregoing that would be otherwise required pursuant to Section 16.05 hereof) described in Section 2.05(c) hereof at or prior to the authentication of each Note of such series, if such items are delivered at or prior
to the time of authentication of the first Note of such series to be authenticated and issued. 

  
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 Section 2.06 Exchange And Registration Of Transfer Of Notes. 

(a) Subject to Section 2.13 hereof, Notes of any series may be exchanged for one or more new Notes of the same series of any
authorized denominations and of a like aggregate principal amount, series and Stated Maturity and having the same terms and Original Issue Date. Notes to be exchanged shall be surrendered at any of the offices or agencies to be maintained pursuant
to Section 6.02 hereof, and the Trustee shall authenticate and deliver in exchange therefor the Note or Notes of such series which the Noteholder making the exchange shall be entitled to receive. 

(b) The Trustee shall keep, at one of said offices or agencies, a register or registers in which, subject to such reasonable regulations
as it may prescribe, the Trustee shall register or cause to be registered Notes and shall register or cause to be registered the transfer of Notes as in this Article II provided. Such register shall be in written form or in any other form capable of
being converted into written form within a reasonable time. At all reasonable times, such register shall be open for inspection by the Company. Upon due presentment for registration of transfer of any Note at any such office or agency, the Company
shall execute and the Trustee shall register, authenticate and deliver in the name of the transferee or transferees one or more new Notes of any authorized denominations and of a like aggregate principal amount, series and Stated Maturity and having
the same terms and Original Issue Date. 
 (c) All Notes presented for registration of transfer or for exchange, redemption or
payment shall be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and the Trustee and duly executed by the Holder or the attorney in fact of such Holder duly authorized in
writing. 
 (d) No service charge shall be made for any exchange or registration of transfer of Notes, but the Company may
require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 

(e) The Trustee shall not be required to exchange or register the transfer of any Notes selected, called or being called for redemption
(including Notes, if any, redeemable at the option of the Holder provided such Notes are then redeemable at such Holder’s option) except, in the case of any Note to be redeemed in part, the portion thereof not to be so redeemed. 

(f) If the principal amount, and applicable premium, of part, but not all of a Global Note is paid, then upon surrender to the Trustee of
such Global Note, the Company shall execute, and the Trustee shall authenticate, deliver and register, a Global Note in an authorized denomination in aggregate principal amount equal to, and having the same terms, Original Issue Date and series as,
the unpaid portion of such Global Note. 
 Section 2.07 Mutilated, Destroyed, Lost Or Stolen Notes. 

(a) If any temporary or definitive Note shall become mutilated or be destroyed, lost or stolen, the Company shall execute, and upon its
written request the Trustee shall authenticate and deliver, a new Note of like form and principal amount and having the same terms and Original Issue Date and bearing a number not contemporaneously outstanding, in exchange and substitution for the
mutilated Note, or in lieu of and in substitution for the Note so 

  
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destroyed, lost or stolen. In every case the applicant for a substituted Note shall furnish to the Company, the Trustee and any paying agent or Authenticating Agent such security or indemnity as
may be required by them to save each of them harmless, and, in every case of destruction, loss or theft of a Note, the applicant shall also furnish to the Company and to the Trustee evidence to their satisfaction of the destruction, loss or theft of
such Note and of the ownership thereof. 
 (b) The Trustee shall authenticate any such substituted Note and deliver the same
upon the written request or authorization of any officer of the Company. Upon the issuance of any substituted Note, 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 connected therewith. If any Note which has matured, is about to mature, has been redeemed or called for redemption shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a
substituted Note, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Note) if the applicant for such payment shall furnish to the Company, the Trustee and any paying agent or Authenticating Agent
such security or indemnity as may be required by them to save each of them harmless and, in case of destruction, loss or theft, evidence satisfactory to the Company and the Trustee of the destruction, loss or theft of such Note and of the ownership
thereof. 
 (c) Every substituted Note issued pursuant to this Section 2.07 by virtue of the fact that any Note is
mutilated, destroyed, lost or stolen shall constitute an additional contractual obligation of the Company, whether or not such destroyed, lost or stolen Note shall be found at any time, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Notes duly issued hereunder. All Notes shall be held and owned upon the express condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Notes and shall preclude to the full extent permitted by applicable law any and all other rights or remedies with respect to the replacement or payment of negotiable instruments or other securities
without their surrender. 
 Section 2.08 Temporary Notes. Pending the preparation of definitive Notes of any series,
the Company may execute and the Trustee shall authenticate and deliver temporary Notes (printed, lithographed or otherwise reproduced). Temporary Notes shall be issuable in any authorized denomination and substantially in the form of the definitive
Notes but with such omissions, insertions and variations as may be appropriate for temporary Notes, all as may be determined by the Company. Every such temporary Note shall be authenticated by the Trustee upon the same conditions and in
substantially the same manner, and with the same effect, as the definitive Notes. Without unreasonable delay the Company shall execute and shall deliver to the Trustee definitive Notes of such series and thereupon any or all temporary Notes of such
series shall be surrendered in exchange therefor at the corporate trust office of the Trustee, and the Trustee shall authenticate, deliver and register in exchange for such temporary Notes an equal aggregate principal amount of definitive Notes of
such series. Such exchange shall be made by the Company at its own expense and without any charge therefor to the Noteholders. Until so exchanged, the temporary Notes of such series shall in all respects be entitled to the same benefits under this
Indenture as definitive Notes of such series authenticated and delivered hereunder. 

  
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 Section 2.09 Cancellation Of Notes Paid, Etc. All Notes surrendered for the
purpose of payment, redemption, exchange or registration of transfer shall be surrendered to the Trustee for cancellation and promptly cancelled by it and no Notes shall be issued in lieu thereof except as expressly permitted by this Indenture. The
Company shall surrender to the Trustee any Notes so acquired by it and such Notes shall be cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes so cancelled. 

Section 2.10 Interest Rights Preserved. Each Note delivered under this Indenture upon transfer of or in exchange for or in
lieu of any other Note shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note, and each such Note shall be so dated that neither gain nor loss of interest shall result from such transfer,
exchange or substitution. 
 Section 2.11 Special Record Date. If and to the extent that the Company fails to make
timely payment or provision for timely payment of interest on any series of Notes (other than on an Interest Payment Date that is a Maturity date), that interest shall cease to be payable to the Persons who were the Noteholders of such series at the
applicable Regular Record Date. In that event, when moneys become available for payment of the interest, the Trustee shall (a) establish a date of payment of such interest and a Special Record Date for the payment of that interest, which
Special Record Date shall be not more than 15 or fewer than 10 days prior to the date of the proposed payment and (b) mail notice of the date of payment and of the Special Record Date not fewer than 10 days preceding the Special Record Date to
each Noteholder of such series at the close of business on the 15th day preceding the mailing at the address of such Noteholder, as it appeared on the register for the Notes. On the day so established by the Trustee, the interest shall be payable to
the Holders of the applicable Notes at the close of business on the Special Record Date. 
 Section 2.12 Payment Of
Notes. Payment of the principal of and interest and premium on all Notes shall be payable as follows: 
 (a) On or before
9:30 a.m., New York City time, or such other time as shall be agreed upon between the Trustee and the Company, of the day on which payment of principal, interest and premium is due on any Global Note pursuant to the terms thereof, the Company shall
deliver to the Trustee funds available on such date sufficient to make such payment, by wire transfer of immediately available funds or by instructing the Trustee to withdraw sufficient funds from an account maintained by the Company with the
Trustee or such other method as is acceptable to the Trustee. On or before 12:00 noon, New York City time, or such other time as shall be agreed upon between the Trustee and the Depositary, of the day on which any payment of interest is due on any
Global Note (other than at Maturity), the Trustee shall pay to the Depositary such interest in same day funds. On or before 1:00 p.m., New York City time or such other time as shall be agreed upon between the Trustee and the Depositary, of the day
on which principal, interest payable at Maturity and premium, if any, is due on any Global Note, the Trustee shall deposit with the Depositary the amount equal to the principal, interest payable at Maturity and premium, if any, by wire transfer into
the account specified by the Depositary. As a condition to the payment, at Maturity, of any part of the principal of, interest on, and applicable premium of any Global Note, the Depositary shall surrender, or cause to be surrendered, such Global
Note to the Trustee, whereupon a new Global Note shall be issued to the Depositary pursuant to Section 2.06(f) hereof. 

  
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 (b) With respect to any Note that is not a Global Note, principal, applicable premium and
interest due at the Maturity of the Note shall be payable in immediately available funds when due upon presentation and surrender of such Note at the corporate trust office of the Trustee or at the authorized office of any paying agent in the
Borough of Manhattan, The City and State of New York. Interest on any Note that is not a Global Note (other than interest payable at Maturity) shall be paid by check payable in clearinghouse funds mailed to the Holder thereof at such Holder’s
address as it appears on the register; provided that if the Trustee receives a written request from any Holder of Notes, the aggregate principal amount of which having the same Interest Payment Date equals or exceeds $10,000,000, on or before the
applicable Regular Record Date for such Interest Payment Date, interest on such Note shall be paid by wire transfer of immediately available funds to a bank within the continental United States designated by such Holder in its request or by direct
deposit into the account of such Holder designated by such Holder in its request if such account is maintained with the Trustee or any paying agent. 
 Section 2.13 Notes Issuable In The Form Of A Global Note. 
 (a) If the
Company shall establish pursuant to Section 2.05 hereof that the Notes of a particular series are to be issued in the form of one or more Global Notes, then the Company shall execute and the Trustee shall, in accordance with Section 2.05
hereof and the Company Order delivered to the Trustee thereunder, authenticate and deliver such Global Note or Notes, which, unless otherwise specified in such Company Order, (i) shall represent, shall be denominated in an amount equal to the
aggregate principal amount of, and shall have the same terms as, the outstanding Notes of such series to be represented by such Global Note or Notes, (ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be
delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction and (iv) shall bear a legend substantially to the following effect: “This Note is a Global Note registered in the name of the Depositary (referred
to herein) or a nominee thereof and, unless and until it is exchanged in whole for the individual Notes represented hereby as provided in the Indenture referred to below, this Global Note may not be transferred except as a whole by the Depositary to
a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. Unless this Global
Note is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York), to the Trustee for registration of transfer, exchange or payment, and any certificate issued is registered in the name of
Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company and any payment is made to Cede & Co., any transfer, pledge or other use hereof for value or otherwise by or to any person
is wrongful since the registered owner hereof, Cede & Co., has an interest herein” or such other legend as may be required by the rules and regulations of the Depositary. 

(b) (i) If at any time the Depositary for a Global Note notifies the Company that it is unwilling or unable to continue as Depositary for
such Global Note or if at any time the Depositary for the Global Note shall no longer be eligible or in good standing under the Securities Exchange Act of 1934 or other applicable statute or regulation, the Company shall

  
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appoint a successor Depositary with respect to such Global Note. If a successor Depositary for such Global Note is not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company’s election pursuant to Section 2.05(c)(vi) hereof shall no longer be effective with respect to the series of Notes evidenced by such Global Note and the Company shall execute, and
the Trustee, upon receipt of a Company Order for the authentication and delivery of individual Notes of such series in exchange for such Global Note, shall authenticate and deliver, individual Notes of such series of like tenor and terms in
definitive form in an aggregate principal amount equal to the principal amount of such Global Note in exchange for such Global Note. The Trustee shall not be charged with knowledge or notice of the ineligibility of a Depositary unless a Responsible
Officer shall have actual knowledge thereof. 
 (ii) (A) The Company may at any time and in its sole discretion determine that
all outstanding (but not less than all) Notes of a series issued or issuable in the form of one or more Global Notes shall no longer be represented by such Global Note or Notes. In such event the Company shall execute, and the Trustee, upon receipt
of a Company Order for the authentication and delivery of individual Notes in exchange for such Global Note, shall authenticate and deliver individual Notes of like tenor and terms in definitive form in an aggregate principal amount equal to the
principal amount of such Global Note or Notes in exchange for such Global Note or Notes. 
 (B) Within seven days after the
occurrence of an Event of Default with respect to any series of Global Notes, the Company shall execute, and the Trustee shall authenticate and deliver, Notes of such series in definitive registered form in any authorized denominations and in
aggregate principal amount equal to the principal amount of such Global Notes in exchange for such Global Notes. 
 (iii) In any
exchange provided for in any of the preceding two paragraphs, the Company will execute and the Trustee will authenticate and deliver individual Notes in definitive registered form in authorized denominations. Upon the exchange of a Global Note for
individual Notes, such Global Note shall be cancelled by the Trustee. Notes issued in exchange for a Global Note pursuant to this Section shall be registered in such names and in such authorized denominations as the Depositary for such Global Note,
pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Notes to the Depositary for delivery to the persons in whose names such Notes are so registered, or if the
Depositary shall refuse or be unable to deliver such Notes, the Trustee shall deliver such Notes to the persons in whose names such Notes are registered, unless otherwise agreed upon between the Trustee and the Company, in which event the Company
shall cause the Notes to be delivered to the persons in whose names such Notes are registered. 
 (c) Neither the Company, the
Trustee, any Authenticating Agent nor any paying agent 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 Global Note or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interest. 
 (d) Pursuant to the provisions of this
subsection, at the option of the Trustee (subject to Section 2.04(a) hereof) and upon 30 days’ written notice to the Depositary but not 

  
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prior to the first Interest Payment Date of the respective Global Notes, the Depositary shall be required to surrender any two or more Global Notes which have identical terms, including, without
limitation, identical maturities, interest rates and redemption provisions (but which may have differing Original Issue Dates) to the Trustee, and the Company shall execute and the Trustee shall authenticate and deliver to, or at the direction of,
the Depositary a Global Note in principal amount equal to the aggregate principal amount of, and with all terms identical to, the Global Notes surrendered thereto and that shall indicate each applicable Original Issue Date and the principal amount
applicable to each such Original Issue Date. The exchange contemplated in this subsection shall be consummated at least 30 days prior to any Interest Payment Date applicable to any of the Global Notes surrendered to the Trustee. Upon any exchange of
any Global Note with two or more Original Issue Dates, whether pursuant to this Section or pursuant to Section 2.06 or Section 3.03 hereof, the aggregate principal amount of the Notes with a particular Original Issue Date shall be the same
before and after such exchange, after giving effect to any retirement of Notes and the Original Issue Dates applicable to such Notes occurring in connection with such exchange. 

Section 2.14 CUSIP and ISIN Numbers. The Company in issuing Notes may use “CUSIP” or “ISIN” numbers (if
then generally in use) and, if so used, the Trustee shall use “CUSIP” or “ISIN” numbers in notices of redemption as a convenience to holders of Notes; provided, that any such notice may state that no representation is made as to
the correctness of such numbers either as printed on the Notes or contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by
any defect in or omission of such numbers. The Company shall promptly notify the Trustee of any change in the “CUSIP” or “ISIN” numbers. 
 Section 2.15 Extension of Interest Payment Periods. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Notes of any series
hereunder, to extend interest payment periods on all Notes of one or more series, if so specified as contemplated by Section 2.05 with respect to such Notes and upon such terms as may be specified as contemplated by Section 2.05 with
respect to such Notes. 
 ARTICLE III 
 REDEMPTION OF NOTES 
 Section 3.01 Applicability Of Article.
Such of the Notes of any series as are, by their terms, redeemable prior to their Stated Maturity at the option of the Company, may be redeemed by the Company at such times, in such amounts and at such prices as may be specified therein and in
accordance with the provisions of this Article III. 
 Section 3.02 Notice Of Redemption; Selection Of Notes.

 (a) The election of the Company to redeem any Notes shall be evidenced by a Board Resolution which shall be given with notice
of redemption to the Trustee at least 45 days (or such shorter period acceptable to the Trustee in its sole discretion) prior to the redemption date specified in such notice. 

  
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 (b) Notice of redemption to each Holder of Notes to be redeemed as a whole or in part shall
be given by the Trustee, in the manner provided in Section 16.10 hereof, no less than 30 or more than 60 days prior to the date fixed for redemption. Any notice which is given in the manner herein provided shall be conclusively presumed to have
been duly given, whether or not the Noteholder receives the notice. In any case, failure duly to give such notice, or any defect in such notice, to the Holder of any Note designated for redemption as a whole or in part shall not affect the validity
of the proceedings for the redemption of any other Note. 
 (c) Each such notice shall identify the Notes to be redeemed
(including “CUSIP” or “ISIN” numbers) and shall specify the date fixed for redemption, the places of redemption and the redemption price (or the method for calculation thereof) at which such Notes are to be redeemed, and shall
state that (subject to subsection (e) of this section) payment of the redemption price of such Notes or portion thereof to be redeemed will be made upon surrender of such Notes at such places of redemption, that interest accrued to the date
fixed for redemption will be paid as specified in such notice, and that from and after such date interest thereon shall cease to accrue. If less than all of a series of Notes having the same terms are to be redeemed, the notice shall specify the
Notes or portions thereof to be redeemed. If any Note is to be redeemed in part only, the notice which relates to such Note shall state the portion of the principal amount thereof to be redeemed, and shall state that, upon surrender of such Note, a
new Note or Notes having the same terms in aggregate principal amount equal to the unredeemed portion thereof will be issued. 

(d) Unless otherwise provided by a Company Order under Section 2.05 hereof, if less than all of a series of Notes is to be redeemed,
the Trustee shall select in such manner as it shall deem appropriate and fair in its discretion the particular Notes to be redeemed in whole or in part and shall thereafter promptly notify the Company in writing of the Notes so to be redeemed. If
less than all of a series of Notes represented by a Global Note is to be redeemed, the particular Notes or portions thereof of such series to be redeemed shall be selected by the Depositary for such series of Notes in such manner as the Depositary
shall determine. Notes shall be redeemed only in denominations of $1,000, or such other denominations authorized by a Company Order pursuant to Section 2.05 hereof, provided that any remaining principal amount of a Note redeemed in part shall
be a denomination authorized under this Indenture. 
 (e) If at the time of the mailing of any notice of redemption at the
option of the Company, the Company shall not have irrevocably directed the Trustee to apply funds then on deposit with the Trustee or held by it and available to be used for the redemption of Notes to redeem all the Notes called for redemption, such
notice, at the election of the Company, may state that it is conditional and subject to the receipt of the redemption moneys by the Trustee on or before the date fixed for redemption and that such notice shall be of no force and effect unless such
moneys are so received on or before such date. 
 Section 3.03 Payment Of Notes On Redemption; Deposit Of Redemption
Price. 
 (a) If notice of redemption for any Notes shall have been given as provided in Section 3.02 hereof and such
notice shall not contain the language permitted at the Company’s option under Section 3.02(e) hereof, such Notes or portions of Notes called for redemption shall become due and payable on the date and at the places stated in such notice at
the applicable 

  
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redemption price, together with interest accrued to the date fixed for redemption of such Notes. Interest on the Notes or portions thereof so called for redemption shall cease to accrue and such
Notes or portions thereof shall be deemed not to be entitled to any benefit under this Indenture except to receive payment of the redemption price together with interest accrued thereon to the date fixed for redemption. Upon presentation and
surrender of such Notes at the place of payment specified in such notice, such Notes or the specified portions thereof shall be paid and redeemed at the applicable redemption price, together with interest accrued thereon to the date fixed for
redemption. 
 (b) If notice of redemption shall have been given as provided in Section 3.02 hereof and such notice shall
contain the language permitted at the Company’s option under Section 3.02(e) hereof, such Notes or portions of Notes called for redemption shall become due and payable on the date and at the places stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption of such Notes, and interest on the Notes or portions thereof so called for redemption shall cease to accrue and such Notes or portions thereof shall be deemed not to
be entitled to any benefit under this Indenture except to receive payment of the redemption price together with interest accrued thereon to the date fixed for redemption; provided that, in each case, the Company shall have deposited with the Trustee
or a paying agent on or prior to 11:00 a.m. New York City time on such redemption date an amount sufficient to pay the redemption price together with interest accrued to the date fixed for redemption. Upon the Company making such deposit and, upon
presentation and surrender of such Notes at such a place of payment in such notice specified, such Notes or the specified portions thereof shall be paid and redeemed at the applicable redemption price, together with interest accrued thereon to the
date fixed for redemption. If the Company shall not make such deposit on or prior to the redemption date, the notice of redemption shall be of no force and effect and the principal on such Notes or specified portions thereof shall continue to bear
interest as if the notice of redemption had not been given. 
 (c) No notice of redemption of Notes shall be mailed during the
continuance of any Event of Default, except (1) that, when notice of redemption of any Notes has been mailed, the Company shall redeem such Notes but only if funds sufficient for that purpose have prior to the occurrence of such Event of
Default been deposited with the Trustee or a paying agent for such purpose, and (2) that notices of redemption of all outstanding Notes may be given during the continuance of an Event of Default. 

(d) Upon surrender of any Note redeemed in part only, the Company shall execute, and the Trustee shall authenticate, deliver and
register, a new Note or Notes of authorized denominations in aggregate principal amount equal to, and having the same terms, Original Issue Date or Dates and series as, the unredeemed portion of the Note so surrendered. 

ARTICLE IV 

SINKING FUNDS 
 Section 4.01 Applicability of Article. The provisions of this Article shall be applicable to any sinking fund for the retirement of the Notes of any series, except as otherwise specified as
contemplated by Section 2.05(c) hereof for Notes of such series. 

  
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 The minimum amount of any sinking fund payment provided for by the terms of Notes 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 Notes of any series is herein referred to as an “optional sinking fund payment”. If
provided for by the terms of Notes of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 4.02 hereof. Each sinking fund payment shall be applied to the redemption of Notes of the series in
respect of which it was made as provided for by the terms of such Notes. 
 Section 4.02 Satisfaction of Sinking Fund
Payments with Notes. The Company (a) may deliver Outstanding Notes (other than any previously called for redemption) of a series in respect of which a mandatory sinking fund payment is to be made and (b) may apply as a credit Notes of
such series which have been redeemed either at the election of the Company pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes, in each case in satisfaction
of all or any part of such mandatory sinking fund payment; provided, however, that no Notes shall be applied in satisfaction of a mandatory sinking fund payment if such Notes shall have been previously so applied. Notes so applied shall be received
and credited for such purpose by the Trustee at the redemption price specified in such Notes for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 

Section 4.03 Redemption of Notes for Sinking Fund. Not less than 45 days prior to each sinking fund payment date for the
Notes of any series, the Company shall deliver to the Trustee an Officers’ Certificate specifying: 
 (a) the amount of the
next succeeding mandatory sinking fund payment for such series; 
 (b) the amount, if any, of the optional sinking fund payment
to be made together with such mandatory sinking fund payment; 
 (c) the aggregate sinking fund payment; 

(d) the portion, if any, of such aggregate sinking fund payment which is to be satisfied by the payment of cash; and 

(e) the portion, if any, of such aggregate sinking fund payment which is to be satisfied by delivering and crediting Notes of such series
pursuant to Section 4.02 hereof and stating the basis for such credit and that such Notes have not previously been so credited. 
 The
Company shall also deliver to the Trustee any Notes to be so delivered. If the Company shall not deliver such Officers’ Certificate, the next succeeding sinking fund payment for such series shall be made entirely in cash in the amount of the
mandatory sinking fund payment. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02(d) hereof and cause
notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.02 hereof. Such notice having been duly given, the redemption of such Notes shall be made upon the terms and in
the manner stated in Section 3.03 hereof. 

  
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 ARTICLE V 
 SATISFACTION AND DISCHARGE; UNCLAIMED MONEYS 
 Section 5.01
Satisfaction and Discharge of Indenture. This Indenture shall upon the request of the Company cease to be of further effect with respect to the Notes of any series (except as to any surviving rights of registration of transfer or exchange of
Notes of such series herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when: 

(a) either: 

(i) all Notes of such series previously authenticated and delivered (other than Notes of such series which have been destroyed, lost or
stolen and which have been replaced or paid) have been delivered to the Trustee for cancellation; or 
 (ii) all the Notes of
such series not previously delivered to the Trustee for cancellation have become due and payable (whether at stated maturity, early redemption or otherwise), and the Company has deposited, or caused to be deposited, irrevocably with the Trustee as
funds in trust solely for the benefit of the Holders of the Notes of such series an amount in cash sufficient to pay principal of, premium, if any, and interest on all outstanding Notes of such series; 

(b) the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Notes of such series;
and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to the Notes of such series have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture with respect to the Notes of any or all series, the obligations of the Company to the Trustee under Section 9.06 hereof shall survive,
and, if money will have been deposited with the Trustee pursuant to subclause (ii) of clause (a) of this Section 5.01, the obligations of the Trustee under Sections 5.02 and 5.05 hereof shall survive. 

Section 5.02 Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 5.05 hereof, all money and U.S. Government Obligations deposited with the Trustee pursuant
to Section 5.01, 5.03 or 5.04 hereof and all money received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to Sections 5.01, 5.03 or 5.04 hereof, shall be held in trust and applied by it, in
accordance with the provisions of the Notes of any particular series and this Indenture, to the payment, either directly or through any paying agent as the Trustee may determine, to the persons entitled thereto, of the principal, premium, if any,
and interest for whose payment such money has been deposited with or received by the Trustee. 

  
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 (b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other
charge imposed on or assessed against U.S. Government Obligations deposited pursuant to Sections 5.01, 5.03 or 5.04 hereof or the interest, premium, if any, and principal received in respect of such obligations other than any payable by or on behalf
of Holders. 
 (c) The Trustee shall deliver or pay to the Company from time to time upon the request of the Company any U.S.
Government Obligations or money held by it as provided in Sections 5.01, 5.03 or 5.04 hereof which, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to
the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or money were deposited or received. This provision shall not authorize the sale by
the Trustee of any U.S. Government Obligations held under this Indenture. 
 Section 5.03 Legal Defeasance. The
Company shall be deemed to have been discharged from its obligations with respect to all of the outstanding Notes of any series on the day after the date of the deposit referred to in subparagraph (i) hereof, and the provisions of this
Indenture, as it relates to the outstanding Notes of such series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon the request of the Company, execute proper instruments acknowledging the same), except as to:

 (a) the rights of Holders of the Notes of such series to receive, solely from the trust funds described in subparagraph
(i) below, payments of the principal of, premium, if any, or interest on the outstanding Notes of such series on the date such payments are due; 
 (b) the Company’s obligations with respect to the Notes of such series under Sections 2.06, 2.07, 2.13, 6.02 and 6.04 hereof; and 

(c) the rights, powers, trust and immunities of the Trustee hereunder and the duties of the Trustee under Section 5.02 hereof and
the duty of the Trustee to authenticate Notes of such series issued on registration of transfer of exchange; 
 provided that the following
conditions shall have been satisfied: 
 (i) the Company shall have deposited, or caused to be deposited, irrevocably with the
Trustee as 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 the Notes of such series, cash in U.S. dollars and/or U.S. Government Obligations
which through the payment of interest and principal in respect thereof, in accordance with their terms, will provide (without reinvestment), not later than one day before the due date of any payment of money, an amount in cash, 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 principal of, premium, if any, and interest on all the Notes of such series on the dates such
payments of principal, premium, if any, or interest are due to maturity or redemption; 
 (ii) no Event of Default or event
which with the giving of notice or lapse of time or both would become an Event of Default with respect to the Notes of such series shall have occurred and be continuing on the date of such deposit and 91 days shall have passed after

  
 26 

 
the deposit has been made, and, during such 91 day period, no Default with respect to the Notes of such series specified in Section 8.01(a)(5) or (6) hereof with respect to the Company
occurs which is continuing at the end of such period; 
 (iii) the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel to the effect that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (B) 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 of Counsel shall confirm that, the Holders of the Notes of such series will not recognize income, gain or loss for federal income tax
purposes as a result of such deposit, defeasance and discharge and will be subject to federal income tax in the same amounts, in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not
occurred; 
 (iv) the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not
made by the Company with the intent of preferring the Holders of the Notes of such series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; 

(v) such deposit shall not cause the Trustee to have a conflicting interest within the meaning of the TIA with respect to any securities
of the Company or result in the trust arising from such deposit constituting an “investment company” (as defined in the Investment Company Act of 1940, as amended); and 

(vi) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent relating to the defeasance contemplated by this Section 5.03 have been complied with. 
 Subject to compliance with
this Article V, the Company may exercise its option under this Section 5.03 notwithstanding the prior exercise of its option under Section 5.04 with respect to the Notes of any series. Following a defeasance, payment of the Notes of such
series may not be accelerated because of an Event of Default. 
 Section 5.04 Covenant Defeasance. On and after the
day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with any term, provision or condition set forth under Section 6.05 and Article XII hereof as well as any additional covenants
contained in a supplemental indenture hereto (and the failure to comply with any such provisions shall not constitute a Default or Event of Default under Section 8.01 hereof) and the occurrence of any event described in clause (3) and
(4) of Section 8.01(a) hereof shall not constitute a Default or Event of Default hereunder, with respect to the Notes of any series, provided that the following conditions shall have been satisfied: 

(a) with reference to this Section 5.04, the Company has deposited, or caused to be deposited, irrevocably (except as provided in
Section 5.05 hereof) with the Trustee as funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Notes of such series, cash in U.S. dollars and/or U.S. Government Obligations which
through the payment of principal and interest in respect thereof, in accordance with their terms, will 

  
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provide (without reinvestment), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent
certified public accountants expressed in a written certification thereof delivered to the Trustee, to pay principal, premium, if any, and interest on all the Notes of such series on the dates such payments of principal, premium, if any, and
interest are due to maturity or redemption; 
 (b) no Event of Default or event which with the giving of notice or lapse of time
or both would become an Event of Default with respect to the Notes of such series shall have occurred and be continuing on the date of such deposit and 91 days shall have passed after the deposit has been made, and, during such 91 day period, no
Default with respect to the Notes of such series specified in Section 8.01(a)(5) or (6) hereof with respect to the Company occurs which is continuing at the end of such period; 

(c) the Company shall have delivered to the Trustee an Opinion of Counsel confirming that Holders of the Notes of such series will not
recognize income, gain or loss for federal income tax purposes as a result of such deposit and defeasance and will be subject to federal income tax in the same amounts, in the same manner and at the same times as would have been the case if such
deposit and defeasance had not occurred; 
 (d) the Company shall have delivered to the Trustee an Officers’ Certificate
stating the deposit was not made by the Company with the intent of preferring the Holders of the Notes of such series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of
the Company; 
 (e) such deposit shall not cause the Trustee to have a conflicting interest within the meaning of the TIA with
respect to any securities of the Company or result in the trust arising from such deposit constituting an “investment company” (as defined in the Investment Company Act of 1940, as amended); 

(f) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the defeasance contemplated by this Section 5.04 have been complied with; and 
 (g) following a covenant defeasance, payment of the Notes of any series may not be accelerated because of an Event of Default specified in Sections 8.01(a)(5) and (6) or by reference to Sections 6.05
and 8.01(a)(3) and (4) and Article XII hereof. 
 Section 5.05 Repayment to Company. The Trustee and the paying
agent shall pay to the Company upon request any money held by them for the payment of principal, premium, if any, or interest that remains unclaimed for two years after the date upon which such payment shall have become due. After payment to the
Company, Holders of the Notes of such series entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another Person. 

  
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 ARTICLE VI 
 PARTICULAR COVENANTS OF THE COMPANY 
 Section 6.01 Payment Of
Principal And Interest. The Company covenants and agrees for the benefit of the Holders of the Notes of any series that it will duly and punctually pay or cause to be paid the principal of and any premium and interest, if any, on, such Notes at
the places, at the respective times and in the manner provided in such Notes or in this Indenture. 
 Section 6.02
Offices For Payments, Etc. So long as the Notes of any series are outstanding hereunder, the Company will maintain in the Borough of Manhattan, The City of New York, State of New York or
                     an office or agency where the Notes of such series may be presented for payment, for exchange as in this Indenture provided and
for registration of transfer as in this Indenture provided. 
 The Company will maintain in the Borough of Manhattan, The City
of New York, State of New York or                      an office or agency where notices and demands to or upon the Company in respect of the Notes
of any series or this Indenture may be served. 
 The Company will give to the Trustee prompt written notice of the location of
each such office or agency and of any change of location thereof. In case the Company shall fail to maintain any office or agency required by this Section to be located in the Borough of Manhattan, The City of New York, State of New York or
                     or shall fail to give such notice of the location or of any change in the location of any of the above offices or agencies,
presentations and demands may be made and notices may be served at the Corporate Trust Office of the Trustee, and, in such event, the Trustee shall act as the Company’s agent to receive all such presentations, surrenders, notices and demands.

 The Company may from time to time designate one or more additional offices or agencies where the Notes of any series may be
presented for payment, for exchange as in this Indenture provided and for registration of transfer as in this Indenture provided, and the Company 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 any office or agency provided for in this Section. The Company will give to the Trustee prompt written notice of any such designation or rescission thereof and of any
change in the location of any such other office or agency. 
 Section 6.03 Appointment To Fill A Vacancy In Office Of
Trustee. The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 9.11, a Trustee, so that there shall at all times be a Trustee hereunder. 

  
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 Section 6.04 Provision As To Paying Agent. The Trustee shall be the paying
agent for the Notes and, at the option of the Company, the Company may appoint additional paying agents (including without limitation itself or its Subsidiary unless an Event of Default has occurred and is continuing). Whenever the Company shall
appoint a paying agent other than the Trustee with respect to the Notes, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section:

 (1) that such paying agent will hold all sums received by it as such agent for the payment of the principal of
or interest, if any, on the Notes (whether such sums have been paid to it by the Company or by any other obligor on the Notes) in trust for the benefit of the Holders of the Notes, or of the Trustee until such sums shall be paid to such Holders or
otherwise disposed of as herein provided; 
 (2) that such paying agent will give the Trustee notice of any
failure by the Company (or by any other obligor on Notes) to make any payment of the principal of, premium if any, or interest on the Notes when the same shall be due and payable; and 

(3) that such paying agent will at any time during the continuance of any such failure, upon the written request of the
Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent. 
 The Company will, on or prior to each
due date of the principal of and any premium, if any, or interest on the Notes, deposit with the paying agent a sum sufficient to pay such principal and any premium or interest so becoming due, such sum to be held in trust for the benefit of the
Holders of the Notes entitled to such principal of and any premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of any failure to take such action. 

If the Company or its Subsidiary shall act as its own paying agent with respect to the Notes, it will, on or before each due date of the
principal of (and premium, if any) or interest, if any, on the Notes, set aside, segregate and hold in trust for the benefit of the Holders of the Notes, a sum sufficient to pay such principal (and premium, if any) or interest, if any, so becoming
due until such sums shall be paid to such Holders or otherwise disposed of as herein provided. The Company will promptly notify the Trustee of any failure to take such action. 
 The Company may at any time pay or cause to be paid to the Trustee all sums held in trust by it or any paying agent hereunder, as required by this Section, such sums to be held by the Trustee upon the
trusts herein contained, and, upon such payment by any paying agent to the Trustee, such paying agent shall be released from all further liability with respect to such money. 
 Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section is subject to the provisions of Sections 5.03 and 5.04. 

Section 6.05 Corporate Existence. Subject to the rights of the Company under Article XII, the Company shall do or cause to be
done all things necessary to preserve and keep in full force and effect its corporate existence and the rights (charter and statutory) and franchises of the Company; provided, however, that the Company shall not be required to preserve any such
right or franchise if, in the judgment of the Company, the preservation thereof is no longer desirable in the conduct of the business of the Company. 
 Section 6.06 Certificates And Notice To Trustee. The Company shall, on or before December 1 of each year, commencing December 1, 2002, deliver to the Trustee a certificate

  
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from its principal executive officer, principal financial officer or principal accounting officer covering the preceding calendar year and stating whether or not, to the knowledge of such Person,
the Company has complied with all conditions and covenants under this Indenture, and, if not, describing in reasonable detail any failure by the Company to comply with any such conditions or covenants. For purposes of this Section, compliance shall
be determined without regard to any period of grace or requirement of notice provided under this Indenture. 
 ARTICLE VII

 NOTEHOLDER LISTS AND REPORTS BY 
 THE COMPANY AND THE TRUSTEE 
 Section 7.01 Company To Furnish
Noteholder Lists. The Company and any other obligor on the Notes shall furnish or cause to be furnished to the Trustee a list in such form as the Trustee may reasonably require of the names and addresses of the Holders of the Notes: 

(a) semi-annually and not more than 15 days after each Regular Record Date for each Interest Payment Date that is not a Maturity date, as
of such Regular Record Date, and such list need not include information received after such date; and 
 (b) at such other times
as the Trustee may request in writing, within 30 days after receipt by the Company of any such request, as of a date not more than 15 days prior to the time such information is furnished, and such list need not include information received after
such date; 
 provided that if and so long as the Trustee shall be the registrar for the Notes, such list shall not be required to be furnished.

 Section 7.02 Preservation and Disclosure of Noteholder Lists. 

(a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the
Holders of the Notes (i) contained in the most recent lists furnished to it as provided in Section 7.01, (ii) received by it in the capacity of registrar for the Notes, if so acting, and (iii) filed with it within the two
preceding years pursuant to Section 7.04(d)(2). The Trustee may destroy any list furnished to it as provided in Section 7.01 upon receipt of a new list so furnished. 
 (b) In case three or more Holders of Notes (hereinafter referred to as “applicants”) apply in writing to the Trustee and furnish to the Trustee reasonable proof that each such applicant has
owned a Note for a period of at least six months preceding the date of such application, and such application states that the applicants desire to communicate with other Holders of Notes with respect to their rights under this Indenture or under the
Notes and such application is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five Business Days after the receipt of such application, at its election,
either 

  
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 (i) afford to such applicants access to the information preserved at the time by the
Trustee in accordance with the provisions of subsection (a) of this Section; or 
 (ii) inform such applicants as to the
approximate number of Holders whose names and addresses appear in the information preserved at the time by the Trustee, in accordance with the provisions of such subsection (a) and as to the approximate cost of mailing to such Holders the form
of proxy or other communication, if any, specified in such application. 
 If the Trustee shall elect not to afford to such
applicants access to such information, the Trustee shall, upon the written request of such applicants, mail to each Holder of Notes, whose name and address appears in the information preserved at the time by the Trustee in accordance with the
provisions of such subsection (a) a copy of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the Trustee of the material to be mailed and of payment, or provision for the
payment, of the reasonable expenses of mailing, unless within five days after such tender the Trustee shall mail to such applicants and file with the Commission, together with a copy of the material to be mailed, a written statement to the effect
that, in the opinion of the Trustee, such mailing would be contrary to the best interests of the Holders or would be in violation of applicable law. Such written statement shall specify the basis of such opinion. If the Commission, after opportunity
for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, the Commission shall find,
after notice and opportunity for hearing, that all the objections so sustained have been met, and shall enter an order so declaring, the Trustee shall mail copies of such material to all such Holders with reasonable promptness after the entry of
such order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty to such applicants respecting their application. 
 (c) Each and every Holder of a Note, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of the Company or the Trustee shall
be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Notes in accordance with the provisions of subsection (b) of this Section, regardless of the source from which such
information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under such subsection (b). 
 Section 7.03 Reports By The Company. The Company shall: 
 (a) file
with the Trustee, within 15 days after the Company is required to file 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 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 is not
required to file information, documents or reports pursuant to either of said Sections, then it will 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; 

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

(c) transmit by mail to all Holders of Notes, within 30 days after the filing thereof with the Trustee in the manner and to the extent
provided in Section 7.04(d), such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (a) and (b) of this Section as may be required by rules and regulations prescribed from
time to time by the Commission. 
 Section 7.04 Reports By The Trustee. 

(a) Annually, not later than August 15 of each year, the Trustee shall transmit by mail a brief report dated as of such date that
complies with Section 313(a) of the TIA (to the extent required by such Section). 
 (b) The Trustee shall from time to
time transmit by mail brief reports that comply, both in content and date of delivery, with Section 313(b) of the TIA (to the extent required by such Section). 
 (c) A copy of each such report filed pursuant to this section shall, at the time of such transmission to such Holders, be filed by the Trustee with each stock exchange upon which any Notes are listed and
also with the Commission. The Company will notify the Trustee promptly in writing upon the listing of such Notes on any stock exchange or any delisting thereof. 
 (d) Reports pursuant to this Section shall be transmitted 
 (1) by
mail to all Holders of Notes, as their names and addresses appear in the register for the Notes; 
 (2) by mail
to such Holders of Notes as have, within the two years preceding such transmission, filed their names and addresses with the Trustee for such purpose; 
 (3) by mail, except in the case of reports pursuant to Section 7.04(b) and (c) hereof, to all Holders of Notes whose names and addresses have been furnished to or received by the Trustee
pursuant to Section 7.01 and 7.02(a)(ii) hereof; and 

  
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 (4) at the time such report is transmitted to the Holders of the Notes, to
each exchange on which Notes are listed and also with the Commission. 
 ARTICLE VIII 

REMEDIES OF THE TRUSTEE AND NOTEHOLDERS 
 ON EVENTS OF DEFAULT 
 Section 8.01 Events Of Default.

 (a) If one or more of the following Events of Default with respect to the Notes of any series shall have occurred and be
continuing: 
 (1) default in the payment of any installment of interest upon any Note of such series as and when
the same shall become due and payable, and continuance of such default for a period of thirty (30) days; 

(2) default in the payment of the principal of or any premium on any Note of such series as and when the same shall become
due and payable; 
 (3) failure on the part of the Company duly to observe or perform any other covenants or
agreements on the part of the Company contained in this Indenture (other than a covenant or agreement that has been expressly included in this Indenture solely for the benefit of one or more series of Notes other than such series) for a period of
sixty (60) days after the date on which written notice specifying such failure, stating that such notice is a “Notice of Default” hereunder and demanding that the Company remedy the same, shall have been given to the Company by the
Trustee by registered mail, or to the Company and the Trustee by the Holders of not less than 33% in aggregate principal amount of the Notes of such series at the time outstanding; 

(4) failure to pay when due and payable after the expiration of any applicable grace period, any portion of the principal
of Debt of the Company in excess of $25,000,000 (including a default with respect to Notes of any other series), or acceleration of such Debt for another default thereunder, without such Debt having been discharged, or such acceleration having been
rescinded or annulled, within 30 days after written notice to the Company by the Trustee or to the Company and the Trustee by the holders of at least 33% in aggregate principal amount of the Notes of such series at the time outstanding; 

(5) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company in an
involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or
composition of or in respect of the Company under any applicable law, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or for any substantial part of the property of the Company,
or ordering the winding up or liquidation of the affairs of the Company, and such decree or order shall remain unstayed and in effect for a period of sixty (60) consecutive days; 

  
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 (6) the Company shall commence a voluntary case or proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect or any other case or proceeding to be adjudicated a bankrupt or insolvent, or consent to the entry of a decree or order for relief in an involuntary
case under any such law, or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable law, or consent to the filing
of such petition or to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or for any substantial part of the property of the Company, or make any general
assignment for the benefit of creditors, or the notice by it in writing of its inability to pay its debts generally as they become due, or the taking of any corporate action by the Company in furtherance of any such action; or 

(7) any other Event of Default specified with respect to Notes of any series pursuant to Section 2.05 hereof;

 then, unless the principal of and interest on all of the Notes shall have already become due and payable, either the Trustee or the Holders
of a majority in aggregate principal amount of the Notes of such series then outstanding, by notice in writing to the Company (and to the Trustee if given by such Holders), may declare the principal of and interest on all the Notes of such series to
be due and payable immediately and upon any such declaration the same shall become immediately due and payable, anything in this Indenture or in the Notes of such series contained to the contrary notwithstanding; provided, however, that if an Event
of Default shall have occurred and be continuing with respect to more than one series of Notes, the Trustee or the Holders of a majority in aggregate principal amount of the Outstanding Notes of all such series, considered as one class, may make
such declaration of acceleration, and not the Holders of the Notes of any one of such series. 
 The foregoing paragraph,
however, is subject to the condition that if, at any time after the principal of and interest on the Notes of any series shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been
obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to pay all matured installments of interest upon all of the Notes of such series and the principal of and any premium on any and
all Notes of such series which shall have become due otherwise than by acceleration (with interest on overdue installments of interest, to the extent that payment of such interest is enforceable under applicable law, and on such principal and
applicable premium at the rate borne by the Notes of such series to the date of such payment or deposit) and all sums paid or advanced by the Trustee hereunder, the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel, and any other amounts due the Trustee under Section 9.06 hereof, and any and all Events of Default, other than the non-payment of principal of and accrued interest on any Notes which shall have become due solely by
acceleration of maturity, shall have been cured or waived, then and in every such case such payment or deposit shall cause an automatic waiver of the Event of Default and its 

  
 35 

 
consequences and shall cause an automatic rescission and annulment of the acceleration of the Notes of such series; but no such waiver or rescission and annulment shall extend to or shall affect
any subsequent default, or shall impair any right consequent thereon. 
 (b) If the Trustee shall have proceeded to enforce any
right under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company
and the Trustee shall be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though no such proceeding had been taken. 

Section 8.02 Collection Of Indebtedness By Trustee; Trustee May Prove Debt. 

(a) The Company covenants that if an Event of Default described in clause (a)(1) or (a)(2) of Section 8.01 hereof shall have
occurred and be continuing, then, upon demand of the Trustee, the Company shall pay to the Trustee, for the benefit of the Holders of the Notes of the series with respect to which Event of Default shall have occurred and is continuing, the whole
amount that then shall have so become due and payable on all such Notes for principal or interest, as the case may be, with interest upon the overdue principal and any premium and (to the extent that payment of such interest is enforceable under
applicable law) upon the overdue installments of interest at the rate borne by such Notes; and, in addition thereto, such further amounts as shall be sufficient to cover the costs and expenses of collection, including reasonable compensation to the
Trustee, its agents, attorneys and counsel, any expenses or liabilities incurred by the Trustee hereunder other than through its negligence or bad faith. Until such demand is made by the Trustee, the Company may pay the principal of and interest on
such Notes to the Holders, whether or not such Notes be overdue. 
 (b) In case the Company shall fail forthwith to pay such
amounts upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any actions or proceedings at law or in equity for the collection of the sums so due and unpaid, and may enforce
any such judgment or final decree against the Company or any other obligor on such Notes and collect in the manner provided by law out of the property of the Company or any other obligor on such Notes wherever situated, the moneys adjudged or
decreed to be payable. 
 (c) In case there shall be pending proceedings relative to the Company or any other obligor upon the
Notes under Title 11 of the United States Code or any other applicable Federal or state bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar
official shall have been appointed for or taken possession of the Company or its property or such other obligor, or in case of any other comparable judicial proceedings relative to the Company or such other obligor, or to the creditors or property
of the Company or such other obligor, the Trustee, irrespective of whether the principal of the Notes 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 pursuant to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings or otherwise: 
 (1) to file and prove a claim or claims for the whole amount of the principal and interest owing and unpaid in respect of the Notes, and to file such other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee and of the Noteholders allowed in any judicial proceedings relative to the Company or such other obligor, or to the creditors or property of the Company or such other obligor; and 

  
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 (2) to collect and receive any moneys or other property payable or
deliverable on any such claims, and to distribute all amounts received with respect to the claims of the Noteholders and of the Trustee on their behalf; and any trustee, receiver, liquidator, custodian or other similar official is hereby authorized
by each of the Noteholders to make payments to the Trustee, and, in the event that the Trustee shall consent to the making of the payments directly to the Noteholders, to pay to Trustee such amounts due pursuant to Section 9.06 hereof.

 (d) Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or vote for or accept or
adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes of any series 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 except to vote for the election of a trustee in bankruptcy or similar person. 
 (e) All rights of action and of
asserting claims under this Indenture, or under any of the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the production thereof at any trial or other proceedings relative thereto, and any such
action or proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and compensation of the Trustee and its agents,
attorneys and counsel, shall be for the ratable benefit of the Holders of the Notes in respect of which such action was taken. 

(f) In any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any provision of this Indenture
to which the Trustee shall be a party), the Trustee shall be held to represent all the Holders of the Notes in respect to which action was taken, and it shall not be necessary to make any Holders of such Notes parties to any such proceedings.

 Section 8.03 Application Of Proceeds. Any moneys collected by the Trustee with respect to any of the Notes
pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such moneys, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and
upon surrender thereof if fully paid. 
 FIRST: To the payment of all amounts due to the Trustee pursuant to Section 9.06
hereof; 
 SECOND: In case the principal of the outstanding Notes in respect of which such moneys have been collected shall not
have become due and be unpaid, to the payment of interest on the Notes, in the order of the maturity of the installments of such interest, with interest (to the extent 

  
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allowed by law) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto, and then to the payment to the Holders
entitled thereto of the unpaid principal of and applicable premium on any of the Notes which shall have become due (other than Notes previously called for redemption for the payment of which moneys are held pursuant to the provisions of this
Indenture), whether at stated maturity or by redemption, in the order of their due dates, beginning with the earliest due date, and if the amount available is not sufficient to pay in full all Notes due on any particular date, then to the payment
thereof ratably, according to the amounts of principal and applicable premium due on that date, to the Holders entitled thereto, without any discrimination or privilege; 
 THIRD: In case the principal of the outstanding Notes in respect of which such moneys have been collected shall have become due, by declaration or otherwise, to the payment of the whole amount then owing
and unpaid upon the Notes for principal and any premium and interest thereon, with interest on the overdue principal and any premium and (to the extent allowed by law) upon overdue installments of interest at the rate borne by the Notes; and in case
such moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the Notes, then to the payment of such principal and any premium and interest without preference or priority of principal and any premium over interest, or of
interest over principal and any premium or of any installment of interest over any other installment of interest, or of any Note over any other Note, ratably to the aggregate of such principal and any premium and accrued and unpaid interest; and

 FOURTH: To the payment of the remainder, if any, to the Company or its successors or assigns, or to whomsoever may lawfully
be entitled to the same, or as a court of competent jurisdiction may determine. 
 Section 8.04 Limitations On Suits By
Noteholders. 
 (a) No Holder of any Note of any series shall have any right by virtue of or by availing of any provision of
this Indenture to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless such Holder previously shall
have given to the Trustee written notice of an Event of Default with respect to such Note and of the continuance thereof, as hereinabove provided, and unless also Noteholders of a majority in aggregate principal amount of the Notes of all series
then outstanding in respect of which an Event of Default has occurred and is continuing, considered as one class, shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and
shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee for 60 days after its receipt of such notice, request and offer of
indemnity, shall have neglected or refused to institute any such action, suit or proceeding; it being understood and intended, and being expressly covenanted by the taker and Holder of every Note of any series with every other taker and Holder and
the Trustee, that no one or more Holders of Notes of such series shall have any right in any manner whatever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other Holder of Notes of such
series, or to obtain or seek to obtain priority over or preference to any other such Holder or to enforce any right under this 

  
 38 

 
Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Notes of such series. For the protection and enforcement of the provisions of this
Section, each and every Noteholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

(b) Notwithstanding any other provision in this Indenture, however, the rights of any Holder of any Note to receive payment of the
principal of and any premium and interest on such Note, on or after the respective due dates expressed in such Note or on the applicable redemption date, or to institute suit for the enforcement of any such payment on or after such respective dates
are absolute and unconditional, and shall not be impaired or affected without the consent of such Holder. 
 Section 8.05
Suits For Enforcement. In case an Event of Default has occurred, has not been waived and is continuing hereunder, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate
judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant
or agreement contained in this Indenture or in aid of the exercise of any power granted to it under this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

Section 8.06 Powers And Remedies Cumulative; Delay Or Omission Not Waiver Of Default. No right or remedy herein conferred
upon or reserved to the Trustee or to the Holders of Notes 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. 
 No delay or omission of the Trustee or of any Holder of Notes to exercise any right or power accruing upon any Event
of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence therein; and, subject to Section 8.04, every right and power given by
this Indenture or by law to the Trustee or to the Holders of Notes may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders of Notes, as the case may be. 

Section 8.07 Direction of Proceedings and Waiver of Defaults By Majority of Noteholders. 

(a) The Holders of a majority in aggregate principal amount of the Notes of any series at the time outstanding 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; provided, however, that if an Event of Default shall have occurred and be continuing
with respect to more than one series of Notes, the Holders of a majority in aggregate principal amount of the Outstanding Notes of all such series, considered as one class, shall have the right to make such direction, and not the Holders of the
Notes of any 

  
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one of such series; provided, further, that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture; and provided further that (subject to
Section 9.01 hereof) the Trustee shall have the right to decline to follow any such direction if the Trustee being advised by counsel determines that the action or proceeding so directed may not lawfully be taken or if the Trustee in good faith
by its board of directors or trustees, executive committee, or a trust committee of directors or trustees or responsible officers shall determine that the action or proceeding so directed would involve the Trustee in personal liability. Nothing in
this Indenture shall impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee and which is not inconsistent with such direction or directions by Noteholders. 

(b) The Holders of a majority in aggregate principal amount of the Notes of any series at the time outstanding may on behalf of all of
the Holders of the Notes of such series waive any past default or Event of Default hereunder and its consequences except a default in the payment of principal of or any premium or interest on the Notes of such series. Upon any such waiver the
Company, the Trustee and the Holders of the Notes of such series shall be restored to their former positions and rights hereunder, respectively, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any
right consequent thereon. Upon any such waiver, such default shall cease to exist and be deemed to have been cured and not to be continuing, and any Event of Default arising therefrom shall be deemed to have been cured and not to be continuing, for
every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. 
 Section 8.08 Notice of Default. The Trustee shall, within 90 days after the occurrence of a default with respect to the Notes of any series, give to all Holders of the Notes of such series, in
the manner provided in Section 16.10, notice of such default actually known to the Trustee, unless such default shall have been cured or waived before the giving of such notice, the term “default” for the purpose of this
Section 8.08 being hereby defined to be any event which is or after notice or lapse of time or both would become an Event of Default; provided that, except in the case of default in the payment of the principal of or any premium or interest on
any of the Notes of such series, or in the payment of any sinking or purchase fund installments, the Trustee shall be protected in withholding such notice if and so long as its board of directors or trustees, executive committee, or a trust
committee of directors or trustees or responsible officers in good faith determines that the withholding of such notice is in the interests of the Holders of the Notes of such series. 

Section 8.09 Undertaking To Pay Costs. All parties to this Indenture agree, and each Holder of any Note by 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, 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 this Section 8.09 shall not apply to any suit instituted by the Trustee, or to any suit instituted by any Noteholder, or group of
Noteholders, holding in the aggregate more than 10% in principal amount of the Notes of all series in respect of which such suit may be brought, considered as one class, or to any suit instituted by any Noteholder for the enforcement of the payment
of the principal of or any premium or interest on any Note on or after the due date expressed in such Note or the applicable redemption date. 

  
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 Section 8.10 Restoration of Rights on Abandonment of Proceedings. In case the
Trustee or any Holder shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee or to such Holder, then, and
in every such case, the Company, the Trustee and the Holders shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the Holders shall continue as though no
such proceedings had been taken. 
 Section 8.11 Waiver of Usury, Stay or Extension Laws. The Company covenants (to
the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in
force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or
impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE IX 
 CONCERNING THE TRUSTEE 

Section 9.01 Duties and Responsibilities of Trustee. 

(a) The Trustee, prior to the occurrence of an Event of Default and after the curing of all Events of Default which may have occurred,
undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. If an Event of Default has occurred (which has not been cured or waived), 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 man would exercise or use under the circumstances in the conduct of his own affairs. 

(b) No provisions of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that: 
 (1) prior to the occurrence of any Event
of Default and after the curing or waiving of all Events of Default which may have occurred 
 (A) the duties
and obligations of the Trustee shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and
no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

  
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 (B) in the absence of bad faith or actual knowledge on the part of the
Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture;
but, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the
requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Officers of the Trustee, unless it shall be proved that the Trustee was negligent in
ascertaining the pertinent facts; and 
 (3) the Trustee shall not be liable with respect to any action taken or
omitted to be taken by it in good faith in accordance with the direction, pursuant to this Indenture, of the Holders of a majority in aggregate principal amount of the Notes of any one or more series, as provided herein, including, but not limited
to, Section 8.07 hereof relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee under this Indenture with respect to the Notes of
such series. 
 (c) No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur
any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, 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. 
 (d) 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. 
 Section 9.02 Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section 9.01 hereof: 
 (a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order,
note or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof is herein
specifically prescribed); and any Board Resolution may be evidenced to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company; 
 (c) the Trustee may consult with counsel of its selection and any advice or 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 accordance with such advice or Opinion of Counsel; 

  
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 (d) the Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request, order or direction of any of the Noteholders, pursuant to this Indenture, unless such Noteholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities
which may be incurred by such exercise; 
 (e) 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; 
 (f) prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of Default, the Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, note or other paper or document, unless requested in writing to do so by the Holders of a majority in aggregate principal
amount of the then outstanding Notes of any series; provided that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the
Trustee, not reasonably assured to the Trustee by the security afforded to it by this Indenture, the Trustee may require reasonable indemnity against such expense or liability as a condition to so proceeding; 

(g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or through agents or
attorneys; provided that the Trustee shall not be liable for the conduct or acts of any such agent or attorney that shall have been appointed in accordance herewith with due care. 

Section 9.03 No Responsibility For Recitals, Etc. The recitals contained herein and in the Notes (except in the certificate
of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes.
The Trustee shall not be accountable for the use or application by the Company of any Notes or the proceeds of any Notes authenticated and delivered by the Trustee in conformity with this Indenture. 

Section 9.04 Trustee, Authenticating Agent, Paying Agent Or Registrar May Own Notes. The Trustee and any Authenticating Agent
or paying agent in its individual or other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not Trustee, Authenticating Agent or paying agent. 

Section 9.05 Moneys To Be Held In Trust. Subject to Section 5.05 hereof, all moneys received by the Trustee shall, until
used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee may allow and credit to the Company interest on any
money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law. 

  
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 Section 9.06 Compensation And Expenses Of Trustee. The Company covenants and
agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as the Company and the Trustee shall from time to time agree in writing (which shall not be limited by any law in regard to the compensation of a
trustee of an express trust), and the Company shall pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with this Indenture (including the reasonable
compensation and the reasonable expenses and disbursements of its counsel and agents, including any Authenticating Agents, and of all persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its
negligence or bad faith. The Company also covenants to indemnify each of the Trustee or any predecessor and their agents for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the
Trustee and arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim or liability. The obligations of the Company under this Section 9.06 to
compensate the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien prior to that of the Notes upon all
property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of any particular Notes. The provisions of this Section 9.06 shall survive termination of this Indenture. 

Section 9.07 Officers’ Certificate As Evidence. Whenever in the administration of this Indenture, the Trustee shall deem
it necessary or desirable that a matter be proved or established prior to the taking, suffering or omitting of any action hereunder, such matter (unless other evidence in respect thereof is herein specifically prescribed) may, in the absence of
negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee, and such Officers’ Certificate, in the absence of negligence or bad faith on the
part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under this Indenture in reliance thereon. 
 Section 9.08 Conflicting Interest Of Trustee. The Trustee shall be subject to and shall comply with the provisions of Section 310(b) of the TIA. Nothing in this Indenture shall be deemed
to prohibit the Trustee or the Company from making any application permitted pursuant to such section. 
 Section 9.09
Existence And Eligibility Of Trustee. There shall at all times be a Trustee hereunder which Trustee shall at all times be a corporation organized and doing business under the laws of the United States or any State thereof or of the District
of Columbia having a combined capital and surplus of at least $50,000,000 and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal or State authorities. Such corporation shall
have its principal place of business in the Borough of Manhattan, The City of New York, State of New York or                     , if there be such a
corporation in such location willing to act upon reasonable and customary terms and conditions. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid authority, then for the
purposes of this Section 9.09, the combined 

  
 44 

 
capital and surplus shall be deemed to be as set forth in its most recent report of condition so published. No obligor upon the Notes or Person directly or indirectly controlling, controlled by,
or under common control with such obligor shall serve as Trustee. If at any time the Trustee shall cease to be eligible in accordance with this Section 9.09, the Trustee shall resign immediately in the manner and with the effect specified in
Section 9.10 hereof. 
 Section 9.10 Resignation Or Removal Of Trustee. 

(a) Pursuant to the provisions of this Article, the Trustee may at any time resign and be discharged of the trusts created by this
Indenture by giving written notice to the Company specifying the day upon which such resignation shall take effect, and such resignation shall take effect immediately upon the later of the appointment of a successor trustee and such day. 

(b) Any Trustee may be removed at any time with respect to the Notes of any series by an instrument or concurrent instruments in writing
filed with such Trustee and signed and acknowledged by the Holders of a majority in aggregate principal amount of the then outstanding Notes of such series or by their attorneys in fact duly authorized. 

(c) So long as no Event of Default has occurred and is continuing, and no event has occurred and is continuing that, with the giving of
notice or the lapse of time or both, would become an Event of Default, the Company may remove any Trustee upon written notice to the Holder of each Note Outstanding and the Trustee and appoint a successor Trustee meeting the requirements of
Section 9.09. The Company or the successor Trustee shall give notice to the Holders, in the manner provided in Section 16.10, of such removal and appointment within 30 days of such removal and appointment. 

(d) If at any time (i) the Trustee shall cease to be eligible in accordance with Section 9.09 hereof and shall fail to resign
after written request therefor by the Company or by any Holder who has been a bona fide Holder for at least six months, (ii) the Trustee shall fail to comply with Section 9.08 hereof after written request therefor by the Company or any
such Holder, or (iii) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or 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 the Trustee may be removed forthwith by an instrument or concurrent instruments in writing filed with the Trustee and either: 

(1) signed by the President or any Vice President of the Company and attested by the Secretary or an Assistant Secretary
of the Company; or 
 (2) signed and acknowledged by the Holders of a majority in principal amount of outstanding
Notes or by their attorneys in fact duly authorized. 
 (e) Any resignation or removal of the Trustee shall not become effective
until acceptance of appointment by the successor Trustee as provided in Section 9.11 hereof. 

  
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 Section 9.11 Appointment Of Successor Trustee. 

(a) If at any time the Trustee shall resign or be removed, the Company, by a Board Resolution, shall promptly appoint a successor
Trustee. 
 (b) The Company shall provide written notice of its appointment of a Successor Trustee to the Holder of each Note
Outstanding following any such appointment. 
 (c) If no appointment of a successor Trustee shall be made pursuant to
Section 9.11(a) hereof within 60 days after appointment shall be required, any Noteholder or the resigning Trustee may apply to any court of competent jurisdiction to appoint a successor Trustee. Said court may thereupon after such notice, if
any, as such court may deem proper and prescribe, appoint a successor Trustee. 
 (d) Any Trustee appointed under this
Section 9.11 as a successor Trustee shall be a bank or trust company eligible under Section 9.09 hereof and qualified under Section 9.08 hereof. 
 Section 9.12 Acceptance By Successor Trustee. 
 (a) Any successor
Trustee appointed as provided in Section 9.11 hereof shall execute, acknowledge and deliver to the Company and to its predecessor Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the
predecessor Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if
originally named as Trustee herein; but nevertheless, on the written request of the Company or of the successor Trustee, the Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to Section 9.06 hereof, execute and
deliver an instrument transferring to such successor Trustee all the rights and powers of the Trustee so ceasing to act. Upon request of any such successor Trustee, the Company shall execute any and all instruments in writing in order more fully and
certainly to vest in and confirm to such successor Trustee all such rights and powers. Any Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such Trustee to secure any amounts then due it
pursuant to Section 9.06 hereof. 
 (b) No successor Trustee shall accept appointment as provided in this Section 9.12
unless at the time of such acceptance such successor Trustee shall be qualified under Section 9.08 hereof and eligible under Section 9.09 hereof. 
 (c) Upon acceptance of appointment by a successor Trustee as provided in this Section 9.12, the successor Trustee shall mail notice of its succession hereunder to all Holders of Notes as the names
and addresses of such Holders appear on the registry books. 
 Section 9.13 Succession By Merger, Etc. 

(a) 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 

  
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substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder without the execution or filing of any paper or any further act on the part of
any of the parties hereto, provided such corporation shall be otherwise qualified and eligible under this Article. 
 (b) If at
the time such successor to the Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any
predecessor Trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in
the name of the successor Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificates of the Trustee shall have; provided that the right to adopt
the certificate of authentication of any predecessor Trustee or authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

Section 9.14 Limitations On Rights Of Trustee As A Creditor. 

The Trustee shall be subject to, and shall comply with, the provisions of Section 311 of the TIA. 

Section 9.15 Authenticating Agent. 
 (a) There may be one or more Authenticating Agents appointed by the Trustee with the written consent of the Company, with power to act on its behalf and subject to the direction of the Trustee in the
authentication and delivery of Notes in connection with transfers and exchanges under Sections 2.06, 2.07, 2.08, 2.13, 3.03, and 13.04 hereof, as fully to all intents and purposes as though such Authenticating Agents had been expressly authorized by
those Sections to authenticate and deliver Notes. For all purposes of this Indenture, the authentication and delivery of Notes by any Authenticating Agent pursuant to this Section 9.15 shall be deemed to be the authentication and delivery of
such Notes “by the Trustee.” Any such Authenticating Agent shall be a bank or trust company or other Person of the character and qualifications set forth in Section 9.09 hereof. 

(b) Any corporation into which any 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 any Authenticating Agent shall be a party, or any corporation succeeding to the corporate trust business of any Authenticating Agent, shall be the successor of such
Authenticating Agent hereunder, if such successor corporation is otherwise eligible under this Section 9.15, without the execution or filing of any paper or any further act on the part of the parties hereto or such Authenticating Agent or such
successor corporation. 
 (c) Any Authenticating Agent may at any time resign by giving written notice of resignation to the
Trustee and to the Company. The Trustee may at any time terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon

  
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such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section 9.15, the Trustee may, with the written consent of the Company, appoint a
successor Authenticating Agent, and upon so doing shall give written notice of such appointment to the Company and shall mail, in the manner provided in Section 16.10, notice of such appointment to the Holders of Notes. 

(d) The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services, and the Trustee
shall be entitled to be reimbursed for such payments, in accordance with Section 9.06 hereof. 
 (e) Sections 9.02, 9.03,
9.06, 9.07 and 9.09 hereof shall be applicable to any Authenticating Agent. 
 ARTICLE X 

CONCERNING THE NOTEHOLDERS 
 Section 10.01 Action By Noteholders. Whenever in this Indenture it is provided that the Holders of a specified percentage in aggregate principal amount of the Notes of any series may take any
action, the fact that at the time of taking any such action the Holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by such Noteholders in person
or by agent or proxy appointed in writing, (b) by the record of such Noteholders voting in favor thereof at any meeting of Noteholders duly called and held in accordance with Article XI hereof, or (c) by a combination of such instrument or
instruments and any such record of such a meeting of Noteholders. 
 Section 10.02 Proof Of Execution By
Noteholders. 
 (a) Subject to Sections 9.01, 9.02 and 11.05 hereof, proof of the execution of any instruments by a
Noteholder or the agent or proxy for such Noteholder shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The ownership of
Notes shall be proved by the register for the Notes maintained by the Trustee. 
 (b) The record of any Noteholders’
meeting shall be proven in the manner provided in Section 11.06 hereof. 
 Section 10.03 Persons Deemed Absolute
Owners. Subject to Sections 2.04(f) and 10.01 hereof, the Company, the Trustee, any paying agent and any Authenticating Agent shall deem the person in whose name any Note shall be registered upon the register for the Notes to be, and shall treat
such person as, the absolute owner of such Note (whether or not such Note shall be overdue) for the purpose of receiving payment of or on account of the principal and premium, if any, and interest on such Note, and for all other purposes; and
neither the Company nor the Trustee nor any paying agent nor any Authenticating Agent shall be affected by any notice to the contrary. All such payments shall be valid and effectual to satisfy and discharge the liability upon any such Note to the
extent of the sum or sums so paid. 

  
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 Section 10.04 Company-Owned Notes Disregarded. In determining whether the
Holders of the requisite aggregate principal amount of outstanding Notes of any series have concurred in any direction, consent or waiver under this Indenture, Notes that are owned by the Company or any other obligor on the Notes or by any person
directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any other obligor on the Notes shall be disregarded and deemed not to be outstanding for the purpose of any such determination;
provided that, for the purposes of determining whether the Trustee shall be protected in relying on any such direction, consent or waiver, only Notes which the Trustee knows are so owned shall be so disregarded. Notes so owned which have been
pledged in good faith to third parties may be regarded as outstanding for the purposes of this Section 10.04 if the pledgee shall establish the pledgee’s right to take action with respect to such Notes and that the pledgee is not a person
directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. In the case of a dispute as to such right, the Trustee may rely upon an Opinion of Counsel and an
Officers’ Certificate to establish the foregoing. 
 Section 10.05 Revocation Of Consents; Future Holders
Bound. Except as may be otherwise required in the case of a Global Note by the applicable rules and regulations of the Depositary, at any time prior to the taking of any action by the Holders of the percentage in aggregate principal amount of
the Notes of any series specified in this Indenture in connection with such action, any Holder of a Note, which has been included in the Notes the Holders of which have consented to such action may, by filing written notice with the Trustee at the
corporate trust office of the Trustee and upon proof of ownership as provided in Section 10.02(a) hereof, revoke such action so far as it concerns such Note. Except as aforesaid, any such action taken by the Holder of any Note shall be
conclusive and binding upon such Holder and upon all future Holders and owners of such Note and of any Notes issued in exchange, substitution or upon registration of transfer therefor, irrespective of whether or not any notation thereof is made upon
such Note or such other Notes. 
 Section 10.06 Record Date For Noteholder Acts. If the Company shall solicit from
the Noteholders any request, demand, authorization, direction, notice, consent, waiver or other act, the Company may, at its option, by Board Resolution, fix in advance a record date for the determination of Noteholders entitled to give such
request, demand, authorization, direction, notice, consent, waiver or other act, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other act
may be given before or after the record date, but only the Noteholders of record at the close of business on the record date shall be deemed to be Noteholders for the purpose of determining whether Holders of the requisite aggregate principal amount
of outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other act, and for that purpose the outstanding Notes shall be computed as of the record date; provided that no
such request, demand, authorization, direction, notice, consent, waiver or other act by the Noteholders on the record date shall be deemed effective unless it shall become effective pursuant to this Indenture not later than six months after the
record date. Any such record date shall be at least 30 days prior to the date of the solicitation to the Noteholders by the Company. 

  
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 ARTICLE XI 
 NOTEHOLDERS’ MEETING 
 Section 11.01 Purposes Of Meetings.
A meeting of Noteholders may be called at any time and from time to time pursuant to this Article XI for any of the following purposes: 
 (a) to give any notice to the Company or to the Trustee, or to give any directions to the Trustee, or to consent to the waiving of any Event of Default hereunder and its consequences, or to take any other
action authorized to be taken by Noteholders pursuant to Article XIII; 
 (b) to remove the Trustee pursuant to Article IX;

 (c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to Section 13.02 hereof; or

 (d) to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate principal
amount of the Notes of any series, as the case may be, under any other provision of this Indenture or under applicable law. 

Section 11.02 Call Of Meetings By Trustee. The Trustee may at any time call a meeting of Holders of Notes to take any action
specified in Section 11.01 hereof, to be held at such time and at such place as the Trustee shall determine. Notice of every such meeting of Noteholders, 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 to Holders of the Notes that may be affected by the action proposed to be taken at such meeting in the manner provided in Section 16.10 hereof. Such notice shall be given not less than 20 nor
more than 90 days prior to the date fixed for such meeting. 
 Section 11.03 Call Of Meetings By Company Or
Noteholders. If at any time the Company, pursuant to a Board Resolution, or the Holders of at least 10% in aggregate principal amount of the Notes of all series then outstanding, considered as one class, shall have requested the Trustee to call
a meeting of Noteholders, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the
Company or such Noteholders may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 11.01 hereof, by giving notice thereof as provided in Section 11.02 hereof. 

Section 11.04 Qualifications For Voting. To be entitled to vote at any meetings of Noteholders a Person shall (a) be a
Holder of one or more Notes affected by the action proposed to be taken or (b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more such Notes. The only Persons who shall be entitled to be present or to speak at
any meeting of Noteholders shall be the Persons entitled to vote at such meeting and their counsel and any representatives (including employees) of the Trustee and its counsel and any representatives (including employees) of the Company and its
counsel. 

  
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 Section 11.05 Regulations. 

(a) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for
any meeting of Noteholders in regard to proof of the holding of Notes and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence
of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. 
 (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 the Noteholders as provided in Section 11.03 hereof, in which case the Company or Noteholders
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 the Holders of a majority in aggregate principal amount of the Notes
present in person or by proxy at the meeting. 
 (c) Subject to Section 10.04 hereof, at any meeting each Noteholder or
proxy shall be entitled to one vote for each $1,000 principal amount of Notes held or represented by such Noteholder; provided that no vote shall be cast or counted at any meeting in respect of any Note determined to be not outstanding. The chairman
of the meeting shall have no right to vote other than by virtue of Notes held by such chairman or instruments in writing as aforesaid duly designating such chairman as the person to vote on behalf of other Noteholders. At any meeting of Noteholders
duly called pursuant to Section 11.02 or 11.03 hereof, the presence of persons holding or representing Notes in an aggregate principal amount sufficient to take action on any business for the transaction for which such meeting was called shall
constitute a quorum. Any meeting of Noteholders duly called pursuant to Section 11.02 or 11.03 hereof may be adjourned from time to time by the Holders of a majority in aggregate principal amount of the Notes present in person or by proxy at
the meeting, whether or not constituting a quorum, and the meeting may be held as so adjourned without further notice. 

Section 11.06 Voting. The vote upon any resolution submitted to any meeting of Noteholders shall be by written ballots on
which shall be subscribed the signatures of the Holders of Notes or of their representatives by proxy and the principal amount of Notes 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 in duplicate of the
proceedings of such meeting of Noteholders 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 11.02 hereof. The record shall show the aggregate principal amount of the Notes voting in
favor of or against any resolution. The record shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to be
preserved by the Trustee and the Trustee shall have the ballots taken at the meeting attached to such duplicate. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

  
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 Section 11.07 Rights Of Trustee Or Noteholders Not Delayed. Nothing in this
Article XI shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Noteholders or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or
rights conferred upon or reserved to the Trustee or to the Holders of Notes under any of the provisions of this Indenture or of the Notes. 
 ARTICLE XII 
 CONSOLIDATION, MERGER, SALE, TRANSFER OR CONVEYANCE

 Section 12.01 Company May Consolidate, Etc. Only On Certain Terms. The Company shall not consolidate with or
merge into any other corporation or sell or otherwise dispose of its properties as or substantially as an entirety to any Person unless the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating
that such consolidation, merger, conveyance or transfer and the supplemental indenture referred to in clause (b) below comply with this Article XII and that all conditions precedent herein provided for have been complied with, and the
corporation formed by such consolidation or into which the Company is merged or the Person which receives such properties pursuant to such sale, transfer or other disposition (a) shall be a corporation organized and existing under the laws of
the United States of America, any state thereof or the District of Columbia; and (b) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the due and
punctual payment of the principal of and premium and interest on all of the Notes and the performance of every covenant of this Indenture on the part of the Company to be performed or observed. 

Section 12.02 Successor Corporation Substituted. Upon any consolidation or merger, or any sale, transfer or other disposition
of the properties of the Company substantially as an entirety in accordance with Section 12.01 hereof, the successor corporation formed by such consolidation or into which the Company is merged or the Person to which such sale, transfer or
other disposition is made shall succeed to, and be substituted for and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor corporation or Person had been named as the Company herein and
the Company shall be released from all obligations hereunder. 
 ARTICLE XIII 

SUPPLEMENTAL INDENTURES 
 Section 13.01 Supplemental Indentures Without Consent Of Noteholders. 

(a) The Company, when authorized by Board Resolution, and the Trustee may from time to time and at any time enter into an indenture or
indentures supplemental hereto for one or more of the following purposes: 
 (1) to make such provision in regard
to matters or questions arising under this Indenture as may be necessary or desirable, and not inconsistent with this Indenture or prejudicial to the interests of the Holders in any material respect, for the purpose of supplying any omission, curing
any ambiguity, or curing, correcting or supplementing any defective or inconsistent provision; 

  
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 (2) 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 Note outstanding created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision or such change or elimination is
applicable only to Notes issued after the effective date of such change or elimination; 
 (3) to establish the
form of Notes of any series as permitted by Section 2.01 hereof or to establish or reflect any terms of any Note of any series determined pursuant to Section 2.05 hereof; 

(4) to evidence the succession of another corporation to the Company as permitted hereunder, and the assumption by any
such successor of the covenants of the Company herein and in the Notes; 
 (5) to grant to or confer upon the
Trustee for the benefit of the Holders any additional rights, remedies, powers or authority; 
 (6) to permit the
Trustee to comply with any duties imposed upon it by law; 
 (7) to specify further the duties and
responsibilities of, and to define further the relationships among, the Trustee, any Authenticating Agent and any paying agent, and to evidence the succession of a successor Trustee as permitted hereunder; 

(8) to add to the covenants of the Company for the benefit of the Holders of one or more series of Notes, to add to the
security for all of the Notes, to surrender a right or power conferred on the Company herein or to add any Event of Default with respect to one or more series of Notes; and 

(9) to make any other change that is not prejudicial to the Holders. 

(b) The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any further
appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer and assignment of any property thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture which
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 (c) Any supplemental indenture
authorized by this Section 13.01 may be executed by the Company and the Trustee without the consent of the Holders of any of the Notes at the time outstanding, notwithstanding any of the provisions of Section 13.02 hereof. 

  
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 Section 13.02 Supplemental Indentures With Consent Of Noteholders. 

(a) With the consent (evidenced as provided in Section 10.01 hereof) of the Holders of a majority in aggregate principal amount of
the Notes of all series at the time outstanding, considered as one class, the Company, when authorized by Board Resolution, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture or of any supplemental indenture or of modifying or waiving in any manner the rights of the Noteholders; provided, however, that
if there shall be Notes of more than one series Outstanding hereunder and if a proposed supplemental indenture shall directly affect the rights of the Holders of Notes of one or more, but less than all, of such series, then the consent only of the
Holders of a majority in aggregate principal amount of the Outstanding Notes of all series so directly affected, considered as one class, shall be required; provided further that no such supplemental indenture shall: 

(1) change the Stated Maturity of any Note, or reduce the rate (or change the method of calculation thereof) or extend the
time of payment of interest thereon, or reduce the principal amount thereof or any premium thereon, or change the coin or currency in which the principal of any Note or any premium or interest thereon is payable, or change the date on which any Note
may be redeemed or adversely affect the rights of the Noteholders to institute suit for the enforcement of any payment of principal of or any premium or interest on any Note, in each case without the consent of the Holder of each Note so affected;
or 
 (2) modify this Section 13.02(a) or reduce the aforesaid percentage of Notes, the Holders of which are
required to consent to any such supplemental indenture or to reduce the percentage of Notes, the Holders of which are required to waive Events of Default, in each case, without the consent of the Holders of all of the Notes affected thereby then
outstanding. 
 (b) Upon the request of the Company, accompanied by a copy of the Board Resolution authorizing the execution of
any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Noteholders as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture. 

(c) A supplemental indenture which changes, waives or eliminates any covenant or other provision of this Indenture (or any supplemental
indenture) which has expressly been included solely for the benefit of one or more series of Notes, or which modifies the rights of the Holders of Notes of such series with respect to such covenant or provision, shall be deemed not to affect the
rights under this Indenture of the Holders of Notes of any other series. 
 (d) It shall not be necessary for the consent of the
Holders of Notes under this Section 13.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

  
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 (e) Promptly after the execution by the Company and the Trustee of any supplemental
indenture pursuant to this Section 13.02, the Trustee shall give notice in the manner provided in Section 16.10 hereof, setting forth in general terms the substance of such supplemental indenture, to all Noteholders. Any failure of the
Trustee to give such notice or any defect therein shall not, however, in any way impair or affect the validity of any such supplemental indenture. 
 Section 13.03 Compliance With Trust Indenture Act; Effect Of Supplemental Indentures. 
 Any supplemental indenture executed pursuant to this Article XIII shall comply with the TIA. Upon the execution of any supplemental indenture pursuant to this Article XIII, the Indenture shall be and be
deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the Noteholders shall thereafter be determined,
exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for
any and all purposes. 
 Section 13.04 Notation On Notes. Notes of any series authenticated and delivered after the
execution of any supplemental indenture pursuant to this Article XIII may 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 Notes of any series so
modified as approved by the Trustee and the Board of Directors with respect to any modification of this Indenture contained in any such supplemental indenture may be prepared and executed by the Company, authenticated by the Trustee and delivered in
exchange for the Notes of such series then outstanding. 
 Section 13.05 Evidence Of Compliance Of Supplemental
Indenture To Be Furnished Trustee. The Trustee, subject to Sections 9.01 and 9.02 hereof, may receive an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto
complies with the requirements of this Article XIII. 
 ARTICLE XIV 

IMMUNITY OF INCORPORATORS, 
 STOCKHOLDERS, OFFICERS AND DIRECTORS 
 Section 14.01 Indenture And
Notes Solely Corporate Obligations. No recourse for the payment of the principal of or any premium or interest on any Note, 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, contained in this Indenture, or in any supplemental indenture, or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as
such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise; it being expressly understood that 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 issuance of the Notes.

  
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 ARTICLE XV 
 SUBORDINATION OF NOTES 
 Section 15.01 Notes Subordinate to Senior
Indebtedness. The Company, for itself, its successors and assigns, covenants and agrees, and each Holder of the Notes of each series, by its acceptance thereof, likewise covenants and agrees, that the payment of the principal of and premium, if
any, and interest, if any, on each and all of the Notes is hereby expressly subordinated, to the extent and in the manner set forth in this Article, in right of payment to the prior payment in full of all Senior Indebtedness. 

Each Holder of the Notes of each series, by its acceptance thereof, authorizes and directs the Trustee on its behalf to take such action
as may be necessary or appropriate to effectuate the subordination as provided in this Article, and appoints the Trustee its attorney-in-fact for any and all such purposes. 
 Section 15.02 Payment over of Proceeds of Notes. In the event (a) of any insolvency or bankruptcy proceedings or any receivership, liquidation, reorganization or other similar proceedings
in respect of the Company or a substantial part of its property, or of any proceedings for liquidation, dissolution or other winding up of the Company, whether or not involving insolvency or bankruptcy, or (b) subject to the provisions of
Section 15.03, that a default shall have occurred with respect to the payment of principal of or interest on or other monetary amounts due and payable on any Senior Indebtedness, and such default shall have continued beyond the period of grace,
if any, in respect thereof and shall not have been cured or waived or shall not have ceased to exist, or (c) that the principal of and accrued interest on the Notes of any series shall have been declared due and payable pursuant to
Section 8.01 and such declaration shall not have been rescinded and annulled as provided in Section 8.01, then: 
 (1) the holders of all Senior Indebtedness shall first be entitled to receive payment of the full amount due thereon, or provision shall be made for such payment in money or money’s worth, before the
Holders of any of the Notes are entitled to receive a payment on account of the principal of or interest on the indebtedness evidenced by the Notes, including, without limitation, any payments made pursuant to Articles III and IV; 

(2) any payment by, or distribution of assets of, the Company of any kind or character, whether in cash, property or
securities, to which any Holder or the Trustee would be entitled except for the provisions of this Article, shall be paid or delivered by the Person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating
trustee or otherwise, directly to the holders of such Senior Indebtedness or their representative or representatives or to the trustee or trustees under any indenture under which any instruments evidencing any of such Senior Indebtedness may have
been issued, ratably according to the aggregate amounts remaining unpaid on account of such Senior Indebtedness held or represented by each, to the extent necessary to make payment in full of all Senior Indebtedness remaining unpaid after giving
effect to 

  
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any concurrent payment or distribution (or provision therefor) to the holders of such Senior Indebtedness, before any payment or distribution is made to the Holders of the indebtedness evidenced
by the Notes or to the Trustee under this Indenture; and 
 (3) in the event that, notwithstanding the foregoing,
any payment by, or distribution of assets of, the Company of any kind or character, whether in cash, property or securities, in respect of principal of or interest on the Notes or in connection with any repurchase by the Company of the Notes, shall
be received by the Trustee or any Holder before all Senior Indebtedness is paid in full, or provision is made for such payment in money or money’s worth, such payment or distribution in respect of principal of or interest on the Notes or in
connection with any repurchase by the Company of the Notes shall be paid over to the holders of such Senior Indebtedness or their representative or representatives or to the trustee or trustees under any indenture under which any instruments
evidencing any such Senior Indebtedness may have been issued, ratably as aforesaid, for application to the payment of all Senior Indebtedness remaining unpaid until all such Senior Indebtedness shall have been paid in full, after giving effect to
any concurrent payment or distribution (or provision therefor) to the holders of such Senior Indebtedness. 
 Notwithstanding
the foregoing, at any time after the 123rd day following the date of deposit of cash or U.S. Government Obligations pursuant to Section 5.01 (provided all conditions set out in such Section shall have been satisfied), the funds so deposited and
any interest thereon will not be subject to any rights of holders of Senior Indebtedness including, without limitation, those arising under this Article XV; provided that no event described in clauses (5) and (6) of Section 8.01 with
respect to the Company has occurred during such 123-day period. 
 For purposes of this Article only, the words “cash,
property or securities” shall not be deemed to include shares of stock of the Company as reorganized or readjusted, or securities of the Company or any other corporation provided for by a plan or reorganization or readjustment which are
subordinate in right of payment to all Senior Indebtedness which may at the time be outstanding to the same extent as, or to a greater extent than, the Notes are so subordinated as provided in this Article. The consolidation of the Company with, or
the merger of the Company into, another corporation or the liquidation or dissolution of the Company following the conveyance or transfer of its property as an entirety, or substantially as an entirety, to another corporation upon the terms and
conditions provided for in Article XII hereof shall not be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this Section 15.02 if such other corporation shall, as a part of such consolidation, merger,
conveyance or transfer, comply with the conditions stated in Article XII hereof. 
 Nothing in Section 15.01 or in this
Section 15.02 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 9.06. 

Section 15.03 Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or
perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension 

  
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or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred,
assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 15.02 if (i) the Company shall be disputing its obligation to make such payment or perform such
obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by
reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an
appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review. 

Section 15.04 Subordination. Senior Indebtedness shall not be deemed to have been paid in full unless the holders thereof
shall have received cash (or securities or other property satisfactory to such holders) in full payment of such Senior Indebtedness then outstanding. Upon the payment in full of all Senior Indebtedness, the Holders of the Notes shall be subrogated
to the rights of the holders of Senior Indebtedness to receive any further payments or distributions of cash, property or securities of the Company applicable to the holders of the Senior Indebtedness until all amounts owing on the Notes shall be
paid in full; and such payments or distributions of cash, property or securities received by the Holders of the Notes, by reason of such subrogation, which otherwise would be paid or distributed to the holders of such Senior Indebtedness shall, as
between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders, be deemed to be a payment by the Company to or on account of Senior Indebtedness, it being understood that the provisions of this Article are and are
intended solely for the purpose of defining the relative rights of the Holders, on the one hand, and the holders of the Senior Indebtedness, on the other hand. 
 Section 15.05 Obligation of Company Unconditional. Nothing contained in this Article or elsewhere in this Indenture or in the Notes is intended to or shall impair, as among the Company, its
creditors other than the holders of Senior Indebtedness and the Holders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and interest on the Notes as and when the same shall become due and
payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than the holders of Senior Indebtedness, nor shall anything herein or therein prevent the Trustee or any
Holder from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness in respect of cash, property or securities of the
Company received upon the exercise of any such remedy. 
 Upon any payment or distribution of assets or securities of the
Company referred to in this Article, the Trustee and the Holders shall be entitled to rely upon any order or decree of a court of competent jurisdiction in which such dissolution, winding up, liquidation or reorganization proceedings are pending for
the purpose of ascertaining the persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed
thereon, and all other facts pertinent thereto or to this Article. 

  
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 Section 15.06 Priority of Senior Indebtedness upon Maturity. Upon the maturity
of the principal of any Senior Indebtedness by lapse of time, acceleration or otherwise, all matured principal of Senior Indebtedness and interest and premium, if any, thereon shall first be paid in full before any payment of principal or premium or
interest, if any, is made upon the Notes or before any Notes can be acquired by the Company or any sinking fund payment is made with respect to the Notes (except that required sinking fund payments may be reduced by Notes acquired before such
maturity of such Senior Indebtedness). 
 Section 15.07 Trustee as Holder of Senior Indebtedness. The Trustee shall
be entitled to all rights set forth in this Article with respect to any Senior Indebtedness at any time held by it, to the same extent as any other holder of Senior Indebtedness. Nothing in this Article shall deprive the Trustee of any of its rights
as such holder. 
 Section 15.08 Notice to Trustee to Effectuate Subordination. Notwithstanding the provisions of
this Article or any other provision of the Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment of moneys to or by the Trustee unless and until the Trustee shall have
received written notice thereof from the Company, from a Holder or from a holder of any Senior Indebtedness or from any representative or representatives of such holder and, prior to the receipt of any such written notice, the Trustee shall be
entitled, subject to Section 9.01, in all respects to assume that no such facts exist; provided, however, that, if prior to the fifth Business Day preceding the date upon which by the terms hereof any such moneys may become payable for any
purpose, or in the event of the execution of an instrument pursuant to Sections 5.03 and 5.04 acknowledging satisfaction and discharge of this Indenture, then if prior to the second Business Day preceding the date of such execution, the Trustee
shall not have received with respect to such moneys the notice provided for in this Section, then, anything herein contained to the contrary notwithstanding, the Trustee may, in its discretion, receive such moneys and/or apply the same to the
purpose for which they were received, and shall not be affected by any notice to the contrary, which may be received by it on or after such date; provided, however, that no such application shall affect the obligations under this Article of the
persons receiving such moneys from the Trustee. 
 Section 15.09 Modification, Extension, etc. of Senior
Indebtedness. The holders of Senior Indebtedness may, without affecting in any manner the subordination of the payment of the principal of and premium, if any, and interest, if any, on the Notes, at any time or from time to time and in their
absolute discretion, agree with the Company to change the manner, place or terms of payment, change or extend the time of payment of, or renew or alter, any Senior Indebtedness, or amend or supplement any instrument pursuant to which any Senior
Indebtedness is issued, or exercise or refrain from exercising any other of their rights under the Senior Indebtedness including, without limitation, the waiver of default thereunder, all without notice to or assent from the Holders or the Trustee.

 Section 15.10 Trustee has no Fiduciary Duty to Holders of Senior Indebtedness. With respect to the holders of
Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and objectives as are specifically set forth in this Indenture, and no implied covenants or obligations with respect to the holders of Senior
Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary 

  
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duty to the holders of Senior Indebtedness, and shall not be liable to any such holders if it shall mistakenly pay over or deliver to the Holders or the Company or any other Person, money or
assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. 

Section 15.11 Paying Agents other than Trustee. In case at any time any Paying Agent other than the Trustee shall have been
appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such case (unless the context shall otherwise require) be construed as extending to and including such Paying Agent within its
meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that Sections 15.07, 15.08 and 15.10 shall not apply to the Company if it acts as Paying
Agent. 
 Section 15.12 Rights of Holders of Senior Indebtedness not Impaired. No right of any present or future
holder of Senior Indebtedness to enforce the subordination herein shall at any time or in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any noncompliance by the Company with the terms, provisions and
covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 

Section 15.13 Effect of Subordination Provisions; Termination. Notwithstanding anything contained herein to the contrary,
other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. 

Notwithstanding anything contained herein to the contrary, the provisions of this Article XV shall be of no further effect, and the Notes
shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a
supplemental indenture for purposes of Article XIII hereof. 
 ARTICLE XVI 

MISCELLANEOUS PROVISIONS 
 Section 16.01 Provisions Binding On Company’s Successors. All the covenants, stipulations, promises and agreements made by the Company in this Indenture shall bind its successors and
assigns whether so expressed or not. 
 Section 16.02 Official Acts By Successor Corporation. Any act or proceeding
by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the like board, committee or officer of any
corporation that shall at the time be the lawful successor of the Company. 
 Section 16.03 Notices. Any notice or
demand which by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the Noteholders on the 

  
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Company may be given or served by being deposited postage prepaid in a post office letter box addressed (until another address is filed by the Company with the Trustee) at the Principal Executive
Offices of the Company, to the attention of the Secretary. Any notice, direction, request or demand by any Noteholder or the Company to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made
in writing at the corporate trust office of the Trustee, Attention: Corporate Trust Administration. 
 Section 16.04
Governing Law. This Indenture and each Note shall be governed by and deemed to be a contract under, and construed in accordance with, the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of
said State without regard to conflicts of law principles thereof. 
 Section 16.05 Evidence Of Compliance With
Conditions Precedent. 
 (a) Upon any application or demand by the Company to the Trustee to take any action under this
Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture (including any covenants 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 have been complied with. 

(b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition
or covenant provided for in this Indenture (other than the certificates delivered pursuant to Section 6.06 hereof) shall include (1) a statement that each Person making such certificate or opinion has read such covenant or condition and
the definitions 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 Person, such Person has made such examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and (4) a statement
as to whether or not, in the opinion of each such Person, such condition or covenant has been complied with. 
 (c) 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. 
 (d) Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal
matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which such
certificate or opinion is based are erroneous. Any such certificate or opinion of counsel delivered under the Indenture may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or
officers of the Company stating that the information with respect 

  
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to such factual matters is in the possession of the Company, unless such person knows, or in the exercise of reasonable care should know, that the certificate or opinion of representations with
respect to such matters are erroneous. Any opinion of counsel delivered hereunder may contain standard exceptions and qualifications reasonably satisfactory to the Trustee. 
 (e) Any certificate, statement or opinion of any officer of the Company, or of counsel, may be based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an
independent public accountant or firm of accountants, unless such officer or counsel, as the case may be, knows that the certificate or opinions or representations with respect to the accounting matters upon which the certificate, statement or
opinion of such officer or counsel may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. Any certificate or opinion of any firm of independent public accountants filed with the
Trustee shall contain a statement that such firm is independent. 
 (f) 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 16.06 Business Days. Unless otherwise provided pursuant to Section 2.05(c) hereof, in any case where the date of
Maturity of the principal of or any premium or interest on any Note or the date fixed for redemption of any Note is not a Business Day, then payment of such principal or any premium or interest need not be made on such date but may be made on the
next succeeding Business Day with the same force and effect as if made on the date of Maturity or the date fixed for redemption, and, in the case of timely payment thereof, no interest shall accrue for the period from and after such Interest Payment
Date or the date on which the principal or premium of the Note is required to be paid. 
 Section 16.07 Trust Indenture
Act To Control. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by the TIA, such required provision of the TIA shall govern. 

Section 16.08 Table Of Contents, Headings, Etc. The table of contents and the titles and headings of the articles and
sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 16.09 Execution In Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be
an original, but such counterparts shall together constitute but one and the same instrument. 
 Section 16.10 Manner Of
Mailing Notice To Noteholders. 
 (a) Any notice or demand which by any provision of this Indenture is required or permitted
to be given or served by the Trustee or the Company to or on the Holders of Notes, as the case may be, shall be given or served by first-class mail, postage prepaid, addressed to the Holders of such Notes at their last addresses as the same appear
on the register for the Notes referred to in Section 2.06, and any such notice shall be deemed to be given or served by being deposited in a post office letter box in the form and manner provided in this Section 16.10. In 

  
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case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice to any Holder by mail, then such notification to such Holder as
shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 (b)
The Company shall also provide any notices required under this Indenture by publication, but only to the extent that such publication is required by the TIA, the rules and regulations of the Commission or any securities exchange upon which any
series of Notes is listed. 
 Section 16.11 Approval By Trustee Of Counsel. Wherever the Trustee is required to
approve counsel who is to furnish evidence of compliance with conditions precedent in this Indenture, such approval by the Trustee shall be deemed to have been given upon the taking of any action by the Trustee pursuant to and in accordance with the
certificate or opinion so furnished by such counsel. 

  
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 IN WITNESS WHEREOF, AMEREN CORPORATION has caused this Indenture to be signed and
acknowledged by its vice president, and attested by its assistant secretary, and
                                         has
caused this Indenture to be signed and acknowledged by its                     , as of the day and year first written above. 

 

			
	AMEREN CORPORATION
		
	By	 	  

  

	
	ATTEST:
	
	  

  

			
	                             
           ,	 	
	        AS TRUSTEE	 	

 
			
		
	By

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