Document:

Exhibit 44 Indenture between GTE FL and Nationsbank

		
			Exhibit 4.4
		

		
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			_________________________________________________________________
		

		
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			                    GTE FLORIDA INCORPORATED
		

		
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			                               AND
		

		
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			          NATIONSBANK OF GEORGIA, NATIONAL ASSOCIATION
		

		
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			                           AS TRUSTEE
		

		
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			                            INDENTURE
		

		
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			                  Dated as of November 1, 1993
		

		
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			                          ____________
		

		
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			                           Securities
		

		
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			_________________________________________________________________
		

		
			                               
		

		
			                                
		

		
			                                
		

		
			                                
		

		
			                      CROSS-REFERENCE TABLE
		

		
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			          Section of
		

		
			     Trust Indenture Act                     Section of
		

		
			     of 1939, as amended                Indenture
		

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

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

		
			                                        7.10
		

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

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

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

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

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

		
			                                        5.02(a)
		

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

		
			       312(c).............................      5.02(c)
		

		
			       313(a).............................      5.04(a)
		

		
			       313(b).............................      5.04(b)
		

		
			       313(c).............................      5.04(a)
		

		
			                                        5.04(b)
		

		
			       313(d).............................      5.04(c)
		

		
			       314(a).............................      5.03
		

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

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

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

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

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

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

		
			                                        7.02
		

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

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

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

		
			                                        7.01(c)
		

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

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

		
			                                        8.04
		

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

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

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

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

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

		
			                                
		

		
			                                
		

		
			                                
		

		
			                       TABLE OF CONTENTS*
		

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

		
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			                            RECITALS:
		

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

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

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

		

		

		 

 

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			                           ARTICLE ONE
		

		
			                           DEFINITIONS
		

		
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			SECTION 1.01. Certain terms defined; other terms defined in
		

		
			              Trust Indenture Act of 1939, as amended or by
		

		
			              reference therein in Securities Act of 1933,
		

		
			              as amended, to have meanings therein
		

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

		
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			  * This Table of Contents does not constitute part of the
		

		
			   Indenture and should not have any bearing upon the
		

		
			   interpretation of any of its terms or provisions.
		

		
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			                           ARTICLE TWO
		

		
			       ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION
		

		
			                    AND EXCHANGE OF SECURITIES
		

		
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			SECTION 2.01.  Designation, terms, amount, authentication
		

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

		
			6
		

		

		

		 

 

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			SECTION 2.02.  Form of Securities and Trustee's
		

		
			certificate.....                                        7
		

		
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			SECTION 2.03.  Date and denominations of Securities, and
		

		
			            provisions for payment of principal, premium
		

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

		
			7
		

		
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			SECTION 2.04.Execution of
		

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

		
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			SECTION 2.05.Exchange of
		

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

		
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			               (a) Registration and transfer of Securities...
		

		
			10
		

		
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			               (b) Securities to be accompanied by proper
		

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

		
			10
		

		
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			               (c) Charges upon exchange, transfer or
		

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

		
			10
		

		
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			               (d) Restrictions on transfer or exchange at
		

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

		
			10
		

		
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			SECTION 2.06.Temporary
		

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

		
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			SECTION 2.07.        Mutilated, destroyed, lost or stolen
		

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

		
			11
		

		
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			SECTION 2.08.  Cancellation of surrendered
		

		
			Securities...........                                  12
		

		
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			SECTION 2.09. Provisions of Indenture and Securities for
		

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

		
			12
		

		
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			SECTION 2.10.Appointment of Authenticating
		

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

		
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			                          ARTICLE THREE
		

		
			      REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS
		

		
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			SECTION 3.01.Redemption of
		

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

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

		
			13
		

		
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			               (b) Selection of Securities in case less than
		

		

		

		 

 

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

		
			13
		

		
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			SECTION 3.03.  (a) When Securities called for redemption
		

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

		
			14
		

		
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			               (b) Receipt of new  Security  upon  partial
		

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

		
			14
		

		
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			SECTION 3.04.  Sinking Fund for
		

		
			Securities......................                       14
		

		
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			SECTION 3.05.  Satisfaction of Sinking Fund Payments with
		

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

		
			15
		

		
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			SECTION 3.06.Redemption of Securities for Sinking
		

		
			Fund........15
		

		
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			                          ARTICLE FOUR
		

		
			               PARTICULAR COVENANTS OF THE COMPANY
		

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

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

		
			15
		

		
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			SECTION 4.02.Maintenance of office or agency for payment
		

		
			            of Securities; designation of office or agency
		

		
			            for payment, registration, transfer-and
		

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

		
			15
		

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

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

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

		
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			SECTION 4.04.      Appointment to fill vacancy in office
		

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

		
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			SECTION 4.05. Covenant against certain prior
		

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

		

		

		 

 

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			SECTION 4.06.              Restriction on consolidation,
		

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

		
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			                          ARTICLE FIVE
		

		
			       SECURITYHOLDERS' LISTS, AND REPORTS BY THE COMPANY
		

		
			                         AND THE TRUSTEE
		

		
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			SECTION 5.01.Company to furnish Trustee information as to
		

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

		
			18
		

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

		
			               names and addresses of Securityholders
		

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

		
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			               (b) Trustee may destroy list of
		

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

		
			19
		

		
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			               (c) Trustee to make information as to names
		

		
			               and addresses of Securityholders available
		

		
			               to "applicants" or mail communications to
		

		
			               Securityholders in certain circumstances......
		

		
			19
		

		
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			               (d) Procedure if Trustee elects not to make
		

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

		
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			               (e) Company and Trustee not accountable for
		

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

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

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

		
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			               (b) Additional information and reports to be
		

		
			               filed with Trustee and Securities and
		

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

		
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			               (c) Summaries of information and reports to
		

		
			               be transmitted by Company to Securityholders..
		

		
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			               (d)  Annual Certificate to be furnished to
		

		

		

		 

 

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

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

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

		
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			               (b) Trustee to transmit certain further
		

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

		
			21
		

		
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			               (c) Copies of reports to be filed with stock
		

		
			               exchanges and Securities and Exchange
		

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

		
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			                           ARTICLE SIX
		

		
			           REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS
		

		
			                      UPON EVENT OF DEFAULT
		

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

		
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			               (b) Acceleration of maturity upon Event of
		

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

		
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			               (c) Waiver of default and rescission of
		

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

		
			23
		

		
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			               (d) Restoration of former position and rights
		

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

		
			24
		

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

		
			               whole amount due on Securities on default in
		

		
			               payment of interest or principal (and
		

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

		
			24
		

		
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			               (b) Trustee may recover judgment for whole
		

		
			               amount due on Securities on failure of
		

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

		
			24
		

		
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			               (c) Filing of proof of claim by Trustee in
		

		
			               bankruptcy, reorganization or receivership
		

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

		
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			               (d) Rights of action and of asserting claims
		

		
			               may be enforced by Trustee without possession
		

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

		
			25
		

		
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			SECTION 6.03.  Application of moneys collected by
		

		
			Trustee....... 25
		

		
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			SECTION 6.04.  Limitation on suits by holders of
		

		
			Securities.....     25
		

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

		
			26
		

		
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			               (b) Delay or omission in exercise of rights
		

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

		
			26
		

		
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			SECTION 6.06.  Rights of holders of majority in principal
		

		
			             amount of Securities to direct Trustee and to
		

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

		
			26
		

		
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			SECTION 6.07.  Trustee to give notice of defaults known to
		

		
			             it, but may withhold in certain
		

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

		
			27
		

		
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			SECTION 6.08.  Requirements of an undertaking to pay costs
		

		
			             in certain suits under Indenture or against
		

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

		
			27
		

		
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			                          ARTICLE SEVEN
		

		
			                     CONCERNING THE TRUSTEE
		

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

		
			               continuing, Trustee shall exercise powers
		

		
			               vested in it, and use same degree of care and
		

		
			               skill in their exercise, as prudent
		

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

		
			28
		

		
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			               (b) Trustee not relieved from liability for
		

		
			               negligence or willful misconduct except as
		

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

		
			28
		

		
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			               (1) Prior to Event of Default and after the
		

		
			               curing of all Events of Default which may
		

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

		
			28
		

		
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			               (i) Trustee not liable except for performance
		

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

		

		

		 

 

		28
		

		
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			               (ii) In absence of bad faith, Trustee may
		

		
			               conclusively rely on certificates or opinions
		

		
			               furnished it hereunder, subject to duty to
		

		
			               examine the same if specifically required to
		

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

		
			28
		

		
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			               (2) Trustee not liable for error of judgment
		

		
			               made in good faith by responsible officer
		

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

		
			28
		

		
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			               (3) Trustee not liable for action or
		

		
			               non-action in accordance with direction of
		

		
			               holders of majority in principal amount of
		

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

		
			28
		

		
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			               (4) Trustee need not expend own funds without
		

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

		
			29
		

		
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			SECTION 7.02.  Subject to provisions of Section 7.01:
		

		
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			               (a) Trustee may rely on documents believed
		

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

		
			29
		

		
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			               (b) Sufficient evidence by certain
		

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

		
			29
		

		
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			               (c) Trustee may consult with counsel and act
		

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

		
			29
		

		
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			               (d) Trustee may require indemnity from
		

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

		
			29
		

		
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			               (e) Trustee not liable for actions in good
		

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

		
			29
		

		
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			               (f) Prior to Event of Default Trustee not
		

		
			               bound to investigate facts or matters stated
		

		
			               in certificates, etc., unless requested in
		

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

		

		

		 

 

		29
		

		
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			               (g) Trustee may perform duties directly or
		

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

		
			30
		

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

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

		
			30
		

		
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			               (b) No representations by Trustee as to
		

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

		
			30
		

		
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			               (c) Trustee not accountable for use of
		

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

		
			30
		

		
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			SECTION 7.04.  Trustee, paying agent or Security Registrar
		

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

		
			30
		

		
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			SECTION 7.05.  Moneys received by Trustee to be held in
		

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

		
			30
		

		
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			SECTION 7.06.       (a) Trustee entitled to compensation,
		

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

		
			30
		

		
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			               (b) Obligations to Trustee to be secured by
		

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

		
			30
		

		
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			SECTION 7.07.  Right of Trustee to rely on certificate of
		

		
			             officers of Company where no other evidence
		

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

		
			31
		

		
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			SECTION 7.08.       (a) Trustee acquiring conflicting interest
		

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

		
			31
		

		
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			               (b) Notice to Securityholders in case of
		

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

		
			31
		

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

		
			31
		

		

		

		 

 

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

		
			34
		

		
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			               (e) Calculation of percentages of Securities..
		

		
			35
		

		
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			               (f) Trustee resignation not required under
		

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

		
			36
		

		
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			SECTION 7.09.  Requirements for eligibility of
		

		
			Trustee..........   36
		

		
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			SECTION 7.10.       (a) Resignation of Trustee and appointment
		

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

		
			37
		

		
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			               (b) Removal of Trustee by Company or by court
		

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

		
			37
		

		
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			               (c) Removal of Trustee by holders of majority
		

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

		
			37
		

		
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			               (d) Time when resignation or removal of
		

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

		
			38
		

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

		
			38
		

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

		
			38
		

		
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			               (b) Trustee with respect to less than all
		

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

		
			38
		

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

		
			39
		

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

		
			39
		

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

		
			39
		

		
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			SECTION 7.12.  Successor to Trustee by merger, consolidation
		

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

		
			39
		

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

		
			               creditor to obtain payment of certain claims
		

		
			               within four months prior to default or during
		

		
			               default, or to realize on property as such
		

		

		

		 

 

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

		
			39
		

		
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			               (b) Certain creditor relationships excluded...
		

		
			41
		

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

		
			42
		

		
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			                          ARTICLE EIGHT
		

		
			                 CONCERNING THE SECURITYHOLDERS
		

		
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			SECTION 8.01.  Evidence of action by
		

		
			Securityholders............   43
		

		
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			SECTION 8.02.  Proof of execution of instruments and of
		

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

		
			43
		

		
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			SECTION 8.03.  Who may be deemed owners of
		

		
			Securities...........    43
		

		
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			SECTION 8.04.  Securities owned by Company or controlled or
		

		
			             controlling companies disregarded for certain
		

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

		
			44
		

		
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			SECTION 8.05.  Instruments executed by Securityholders
		

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

		
			44
		

		
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			                          ARTICLE NINE
		

		
			                     SUPPLEMENTAL INDENTURES
		

		
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			SECTION 9.01.  Purposes for which supplemental indenture may
		

		
			             be entered into without consent of
		

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

		
			44
		

		
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			SECTION 9.02.  Modification of Indenture with consent of
		

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

		
			45
		

		
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			SECTION 9.03.  Effect of supplemental
		

		
			indentures................    46
		

		
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			SECTION 9.04.  Securities may bear notation of changes by
		

		

		

		 

 

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

		
			46
		

		
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			SECTION 9.05.  Opinion of
		

		
			Counsel...............................  46
		

		
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			                           ARTICLE TEN
		

		
			                 CONSOLIDATION, MERGER AND SALE
		

		
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			SECTION 10.01.  Consolidations or mergers of Company and
		

		
			              sales or conveyances of property of
		

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

		
			47
		

		
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			SECTION 10.02.      (a) Rights and duties of successor
		

		
			company....    47
		

		
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			               (b) Appropriate changes may be made in
		

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

		
			48
		

		
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			               (c) Company may consolidate or merge into
		

		
			               itself or acquire properties of other
		

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

		
			48
		

		
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			SECTION 10.03.  Opinion of
		

		
			Counsel..............................   48
		

		
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			                         ARTICLE ELEVEN
		

		
			            SATISFACTION AND DISCHARGE OF INDENTURE;
		

		
			                        UNCLAIMED MONEYS
		

		
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			SECTION 11.01.  Satisfaction and discharge of
		

		
			Indenture.........  48
		

		
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			SECTION 11.02.  Discharge of Company's
		

		
			Obligations..............     49
		

		
			﻿
		

		
			SECTION 11.03.  Application by Trustee of funds deposited
		

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

		
			49
		

		
			﻿
		

		
			SECTION 11.04.  Repayment of moneys held by paying
		

		
			agent........  49
		

		
			﻿
		

		
			SECTION 11.05.  Repayment of moneys held by
		

		

		

		 

 

		Trustee.............     49
		

		
			﻿
		

		
			﻿
		

		
			                         ARTICLE TWELVE
		

		
			            IMMUNITY OF INCORPORATORS, STOCKHOLDERS,
		

		
			                     OFFICERS AND DIRECTORS
		

		
			﻿
		

		
			SECTION 12.01.  Incorporators, stockholders, officers and
		

		
			              directors of Company exempt from individual
		

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

		
			49
		

		
			﻿
		

		
			﻿
		

		
			                        ARTICLE THIRTEEN
		

		
			                        SUNDRY PROVISIONS
		

		
			﻿
		

		
			SECTION 13.01.  Successors and assigns of Company bound by
		

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

		
			50
		

		
			﻿
		

		
			SECTION 13.02.  Acts of board, committee or officer of
		

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

		
			50
		

		
			﻿
		

		
			SECTION 13.03.  Surrender of powers by
		

		
			Company..................     50
		

		
			﻿
		

		
			SECTION 13.04.  Required notices or demands may be served
		

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

		
			50
		

		
			﻿
		

		
			SECTION 13.05.  Indenture and Securities to be construed in
		

		
			              accordance with laws of the State of
		

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

		
			50
		

		
			﻿
		

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

		
			               Counsel to be furnished upon applications or
		

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

		
			51
		

		
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			                               ix
		

		
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			                                                    Page
		

		
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			               (b) Statements to be included in each
		

		
			               certificate or opinion with respect to
		

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

		
			51
		

		
			﻿
		

		
			SECTION 13.07.  Payments due on Sundays or
		

		
			holidays.............                                  51
		

		

		

		 

 

		﻿
		

		
			SECTION 13.08.  Provisions required by Trust Indenture Act of
		

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

		
			51
		

		
			﻿
		

		
			SECTION 13.09.  Indenture may be executed in
		

		
			counterparts.......                                    51
		

		
			﻿
		

		
			SECTION 13.10.  Separability of Indenture
		

		
			provisions............                                 51
		

		
			﻿
		

		
			ACCEPTANCE OF TRUST BY
		

		
			TRUSTEE..................................              52
		

		
			﻿
		

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

		
			.                                                      52
		

		
			﻿
		

		
			SIGNATURES AND
		

		
			SEALS............................................      52
		

		
			﻿
		

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

		
			.                                                      53
		

		
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			FL:Post:21
		

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

		
			between  GTE FLORIDA INCORPORATED, a corporation duly organized
		

		
			and   existing  under  the  laws  of  the  State   of   Florida
		

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

		
			NATIONSBANK  OF  GEORGIA,  NATIONAL  ASSOCIATION,  a   national
		

		
			banking  association organized and existing under the  laws  of
		

		
			the United States of America, as trustee (hereinafter sometimes
		

		
			referred to as the "Trustee"):
		

		
			﻿
		

		
			     WHEREAS, for its lawful corporate purposes, the Company
		

		
			has duly authorized the execution and delivery of this
		

		
			Indenture to provide for the issuance of unsecured securities,
		

		
			debentures, notes or other evidences of indebtedness
		

		
			(hereinafter referred to as the "Securities"), in an unlimited
		

		
			aggregate principal amount to be issued from time to time in
		

		
			one or more series as in this Indenture provided as registered
		

		
			Securities without coupons, to be authenticated by the
		

		
			certificate of the Trustee;
		

		
			﻿
		

		
			     WHEREAS, to provide the terms and conditions upon which
		

		
			the Securities are to be authenticated, issued and delivered,
		

		
			the Company has duly authorized the execution of this
		

		
			Indenture;
		

		
			﻿
		

		
			     WHEREAS, the Securities and the certificate of
		

		
			authentication to be borne by the Securities (the "Certificate
		

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

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

		
			set forth in any indenture supplemental to this Indenture;
		

		
			﻿
		

		
			     AND WHEREAS, all acts and things necessary to make the
		

		
			Securities issued pursuant hereto, when executed by the Company
		

		
			and authenticated and delivered by the Trustee as in this
		

		
			Indenture provided, the valid, binding and legal obligations of
		

		
			the Company, and to constitute these presents a valid indenture
		

		
			and agreement according to its terms, have been done and
		

		
			performed or will be done and performed prior to the issuance
		

		
			of such Securities, and the execution of this Indenture and the
		

		
			issuance hereunder of the Securities have been or will be prior
		

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

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

		
			executes this Indenture and proposes to make, execute, issue
		

		
			and deliver the Securities;
		

		
			﻿
		

		
			     NOW, THEREFORE, THIS INDENTURE WITNESSETH:
		

		
			﻿
		

		
			     That in order to declare the terms and conditions upon
		

		
			which the Securities are and are to be authenticated, issued
		

		

		

		 

 

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

		
			purchase and acceptance of the Securities by the holders
		

		
			thereof and of the sum of one dollar ($1.00) to it duly paid by
		

		
			the Trustee at the execution of these presents, the receipt
		

		
			whereof is hereby acknowledged, the Company covenants and
		

		
			agrees with the Trustee, for the equal and proportionate
		

		
			benefit (subject to the provisions of this Indenture) of the
		

		
			respective holders from time to time of the Securities, without
		

		
			any discrimination, preference or priority of any one Security
		

		
			over any other by reason of priority in the time of issue, sale
		

		
			or negotiation thereof, or otherwise, except as provided
		

		
			herein, as follows:
		

		
			﻿
		

		
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			                           ARTICLE ONE
		

		
			                           Definitions
		

		
			                                
		

		
			                                
		

		
			﻿
		

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

		
			in this Indenture otherwise expressly provided or unless the
		

		
			context otherwise requires) for all purposes of this Indenture,
		

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

		
			any indenture supplemental hereto shall have the respective
		

		
			meanings specified in this Section.  All other terms used in
		

		
			this Indenture which are defined in the Trust Indenture Act of
		

		
			1939, as amended, or which are by reference in such Act defined
		

		
			in the Securities Act of 1933, as amended (except as herein
		

		
			otherwise expressly provided or unless the context otherwise
		

		
			requires), shall have the meanings assigned to such terms in
		

		
			said Trust Indenture Act and in said Securities Act as in force
		

		
			at the date of the execution of this instrument.
		

		
			﻿
		

		
			Affiliate:
		

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

		
			least a majority of whose outstanding voting stock shall at the
		

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

		
			one or more direct or indirect subsidiaries of GTE Corporation
		

		
			or by GTE Corporation and one or more direct or indirect
		

		
			subsidiaries of GTE Corporation.  For the purposes only of this
		

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

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

		
			class or classes having ordinary voting power for the election
		

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

		
			stock having such power only by reason of the occurrence of a
		

		
			contingency.
		

		
			﻿
		

		
			Authenticating Agent:
		

		
			The term "Authenticating Agent" means an authenticating agent
		

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

		

		

		 

 

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

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

		
			Section 2.10.
		

		
			﻿
		

		
			Board of Directors:
		

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

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

		
			Board.
		

		
			﻿
		

		
			Board Resolution:
		

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

		
			certified by the Secretary or an Assistant Secretary of the
		

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

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

		
			certification.
		

		
			﻿
		

		
			Business day:
		

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

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

		
			banking institutions in the City of Atlanta, County of Fulton,
		

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

		
			State of New York, as the case may be (depending on whether an
		

		
			office or agency of the Company is being maintained in either
		

		
			such city with respect to any such series), are authorized or
		

		
			obligated by law or executive order to close.
		

		
			﻿
		

		
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			                                2
		

		
			﻿
		

		
			Certificate:
		

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

		
			principal executive officer, the principal financial officer or
		

		
			the principal accounting officer of the Company. The
		

		
			Certificate need not comply with the provisions of Section
		

		
			13.06.
		

		
			﻿
		

		
			Corporate Trust Office:
		

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

		
			Trustee at which at any particular time its corporate trust
		

		
			business shall be principally administered, which office at the
		

		
			date of the execution of this Indenture is located at 600
		

		
			Peachtree Street, Suite 900, Atlanta, Georgia 30308.
		

		
			﻿
		

		
			Company:
		

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

		
			corporation duly organized and existing under the laws of the
		

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

		
			Ten, shall also include its successors and assigns.
		

		
			﻿
		

		
			Default:
		

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

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

		

		

		 

 

		Event of Default.
		

		
			﻿
		

		
			Event of Default:
		

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

		
			particular series shall mean any event specified in Section
		

		
			6.01, continued for the period of time, if any, therein
		

		
			designated.
		

		
			﻿
		

		
			First Mortgage Bonds:
		

		
			The term "First Mortgage Bonds" shall mean the bonds
		

		
			outstanding from time to time issued by the Company under and
		

		
			secured by an Indenture dated as of November 1, 1950, between
		

		
			Peninsular Telephone Company (now the Company) and Chemical
		

		
			Bank (formerly known as Chemical Bank & Trust Company, Chemical
		

		
			Corn Exchange Bank and Chemical Bank of New York Trust Company)
		

		
			and NationsBank of Florida, National Association (formerly
		

		
			known as NCNB National Bank of Florida, Exchange Bank and Trust
		

		
			Company of Florida and The Exchange National Bank of Tampa), as
		

		
			trustees, as amended and supplemented, and (b) the mortgage
		

		
			notes on warehouse facilities entered into by the Company on
		

		
			November 30, 1982 which expire by their terms on July 1, 1994
		

		
			and January 1, 1999.
		

		
			﻿
		

		
			Governmental Obligations:
		

		
			The term, "Governmental Obligations" shall mean securities that
		

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

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

		
			(ii) obligations of a person controlled or supervised by and
		

		
			acting as an agency or instrumentality of the United States of
		

		
			America, the payment of which is unconditionally guaranteed as
		

		
			a full faith and credit obligation by the United States of
		

		
			America, which, in either case, are not callable or redeemable
		

		
			at the option of the issuer thereof, and shall also include a
		

		
			depository receipt issued by a bank (as defined in Section
		

		
			3(a)(2) of the Securities Act of 1933, as amended) as custodian
		

		
			with respect to any such Governmental Obligation or a specific
		

		
			payment of principal of or interest on any such Governmental
		

		
			Obligation held by such custodian for the account of the holder
		

		
			of such depository receipt; provided that (except as required
		

		
			by law) such custodian is not authorized to make any deduction
		

		
			from the amount payable to the holder of such depository
		

		
			receipt from any amount received by the custodian in respect of
		

		
			the Governmental Obligation or the specific payment of
		

		
			principal of or interest on the Governmental Obligation
		

		
			evidenced by such depository receipt.
		

		
			﻿
		

		
			﻿
		

		
			                                3
		

		
			﻿
		

		
			﻿
		

		
			Indenture:
		

		
			The term "Indenture" shall mean this instrument as originally
		

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

		
			so amended or supplemented.
		

		
			﻿
		

		
			Interest payment date:
		

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

		

		

		 

 

		installment of interest on a Security of a particular series
		

		
			shall mean the date specified in such Security or in a Board
		

		
			Resolution or in an indenture supplemental hereto with respect
		

		
			to such series as the fixed date on which an installment of
		

		
			interest with respect to Securities of that series is due and
		

		
			payable.
		

		
			﻿
		

		
			Officers' Certificate:
		

		
			The term "Officers' Certificate" shall mean a certificate
		

		
			signed by the President or a Vice President and by the
		

		
			Treasurer or an Assistant Treasurer or the Controller or an
		

		
			Assistant Controller or the Secretary or an Assistant Secretary
		

		
			of the Company. Each such certificate shall include the
		

		
			statements provided for in Section 13.06, if and to the extent
		

		
			required by the provisions thereof.
		

		
			﻿
		

		
			Opinion of Counsel:
		

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

		
			signed by legal counsel, who shall be satisfactory to the
		

		
			Trustee and who may be an employee of or counsel for the
		

		
			Company. Each such opinion shall include the statements
		

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

		
			the provisions thereof.
		

		
			﻿
		

		
			Outstanding:
		

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

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

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

		
			series theretofore authenticated and delivered by the Trustee
		

		
			under this Indenture, except (a) Securities theretofore
		

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

		
			the Trustee or any paying agent for cancellation or which have
		

		
			previously been cancelled; (b) Securities or portions thereof
		

		
			for the payment or redemption of which moneys or Governmental
		

		
			Obligations in the necessary amount shall have been deposited
		

		
			in trust with the Trustee or with any paying agent (other than
		

		
			the Company) or shall have been set aside and segregated in
		

		
			trust by the Company (if the Company shall act as its own
		

		
			paying agent); provided, however, that if such Securities or
		

		
			portions of such Securities are to be redeemed prior to the
		

		
			maturity thereof, notice of such redemption shall have been
		

		
			given as in Article Three provided, or provision satisfactory
		

		
			to the Trustee shall have been made for giving such notice; and
		

		
			(c) Securities in lieu of or in substitution for which other
		

		
			Securities shall have been authenticated and delivered pursuant
		

		
			to the terms of Section 2.07.
		

		
			﻿
		

		
			Predecessor Security:
		

		
			The term "Predecessor Security" of any particular Security
		

		
			shall mean every previous Security evidencing all or a portion
		

		
			of the same debt as that evidenced by such particular Security;
		

		
			and, for the purposes of this definition, any Security
		

		
			authenticated and delivered under Section 2.07 in lieu of a
		

		
			lost, destroyed or stolen Security shall be deemed to evidence
		

		
			the same debt as the lost, destroyed or stolen Security.
		

		
			﻿
		

		
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			                                4
		

		
			﻿
		

		
			﻿
		

		
			Responsible officer:
		

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

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

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

		
			any trust officer, any corporate trust officer or any other
		

		
			officer or assistant officer of the Trustee customarily
		

		
			performing functions similar to those performed by the persons
		

		
			who at the time shall be such officers, respectively, or to
		

		
			whom any corporate trust matter is referred because of his or
		

		
			her knowledge of and familiarity with the particular subject.
		

		
			﻿
		

		
			Security or Securities:
		

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

		
			Securities, as the case may be, authenticated and delivered
		

		
			under this Indenture.
		

		
			﻿
		

		
			Securityholder:
		

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

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

		
			persons in whose name or names a particular Security shall be
		

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

		
			accordance with the terms of this Indenture.
		

		
			﻿
		

		
			Subsidiary:
		

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

		
			majority of whose outstanding voting stock shall at the time be
		

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

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

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

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

		
			stock of any class or classes having ordinary voting power for
		

		
			the election of a majority of the directors of such
		

		
			corporation, other than stock having such power only by reason
		

		
			of the occurrence of a contingency.
		

		
			﻿
		

		
			Trustee:
		

		
			The term "Trustee" shall mean NationsBank of Georgia, National
		

		
			Association and, subject to the provisions of Article Seven,
		

		
			shall also include its successors and assigns, and, if at any
		

		
			time there is more than one person acting in such capacity
		

		
			hereunder, "Trustee" shall mean each such person. The term
		

		
			"Trustee" as used with respect to a particular series of the
		

		
			Securities shall mean the trustee with respect to that series.
		

		
			﻿
		

		
			Trust Indenture Act of 1939, as amended:
		

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

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

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

		
			the date of execution of this Indenture.
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
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			                                5
		

		
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			﻿
		

		
			                           ARTICLE TWO
		

		
			              Issue, Description, Terms, Execution,
		

		
			             Registration and Exchange of Securities
		

		
			﻿
		

		
			     SECTION 2.01. The aggregate principal amount of Securities
		

		
			which may be authenticated and delivered under this Indenture
		

		
			is unlimited.
		

		
			﻿
		

		
			     The Securities may be issued in one or more series up to
		

		
			the aggregate principal amount of Securities of that series
		

		
			from time to time authorized by or pursuant to a Board
		

		
			Resolution or pursuant to one or more indentures supplemental
		

		
			hereto, prior to the initial issuance of Securities of a
		

		
			particular series. Prior to the initial issuance of Securities
		

		
			of any series, there shall be established in or pursuant to a
		

		
			Board Resolution, and set forth in an Officers' Certificate, or
		

		
			established in one or more indentures supplemental hereto:
		

		
			﻿
		

		
			          (1) the title of the Securities of the series (which
		

		
			     shall distinguish the Securities of the series from all
		

		
			     other Securities);
		

		
			     
		

		
			          (2) any limit upon the aggregate principal amount of
		

		
			     the Securities of that series which may be authenticated
		

		
			     and delivered under this Indenture (except for Securities
		

		
			     authenticated and delivered upon registration of transfer
		

		
			     of, or in exchange for, or in lieu of, other Securities of
		

		
			     that series);
		

		
			     
		

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

		
			     Securities of the series is payable;
		

		
			     
		

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

		
			     series shall bear interest or the manner of calculation of
		

		
			     such rate or rates, if any, the date or dates from which
		

		
			     such interest shall accrue, the interest payment dates on
		

		
			     which such interest shall be payable or the manner of
		

		

		

		 

 

		     determination of such interest payment dates;
		

		
			     
		

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

		
			     prices at which and the terms and conditions upon which,
		

		
			     Securities of the series may be redeemed, in whole or in
		

		
			     part, at the option of the Company;
		

		
			     
		

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

		
			     or purchase Securities of the series pursuant to any
		

		
			     sinking fund or analogous provisions (including payments
		

		
			     made in cash in anticipation of future sinking fund
		

		
			     obligations) or at the option of a holder thereof and the
		

		
			     period or periods within which, the price or prices at
		

		
			     which, and the terms and conditions upon which, Securities
		

		
			     of the series shall be redeemed or purchased, in whole or
		

		
			     in part, pursuant to such obligation;
		

		
			     
		

		
			          (7) the form of the Securities of the series
		

		
			     including the form of the Certificate of Authentication
		

		
			     for such series;
		

		
			﻿
		

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

		
			     integral multiple thereof, the denominations in which the
		

		
			     Securities of the series shall be issuable; and
		

		
			     
		

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

		
			     series (which terms shall not be inconsistent with the
		

		
			     terms of this Indenture).
		

		
			﻿
		

		
			     
		

		
			     
		

		
			                                6
		

		
			﻿
		

		
			﻿
		

		
			     All Securities of any one series shall be substantially
		

		
			identical except as to denomination and except as may otherwise
		

		
			be provided in or pursuant to any such Board Resolution or in
		

		
			any indentures supplemental hereto.
		

		
			﻿
		

		
			     If any of the terms of the series are established by
		

		
			action taken pursuant to a Board Resolution, a copy of an
		

		
			appropriate record of such action shall be certified by the
		

		
			Secretary or an Assistant Secretary of the Company and
		

		
			delivered to the Trustee at or prior to the delivery of the
		

		
			Officers' Certificate setting forth the terms of the series.
		

		
			﻿
		

		
			     SECTION 2.02. The Securities of any series and the
		

		
			Trustee's Certificate of Authentication to be borne by such
		

		
			Securities shall be substantially of the tenor and purport as
		

		
			set forth in one or more indentures supplemental hereto or as
		

		
			provided in a Board Resolution and as set forth in an Officers'
		

		
			Certificate, and may have such letters, numbers or other marks
		

		
			of identification or designation and such legends or
		

		
			endorsements printed, lithographed or engraved thereon as the
		

		
			Company may deem appropriate and as are not inconsistent with
		

		
			the provisions of this Indenture, or as may be required to
		

		
			comply with any law or with any rule or regulation made
		

		

		

		 

 

		pursuant thereto or with any rule or regulation of any stock
		

		
			exchange on which Securities of that series may be listed, or
		

		
			to conform to usage.
		

		
			﻿
		

		
			     SECTION 2.03. The Securities shall be issuable as
		

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

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

		
			a particular series shall bear interest payable on the dates
		

		
			and at the rate specified with respect to that series. The
		

		
			principal of and the interest on the Securities of any series,
		

		
			as well as any premium thereon in case of redemption thereof
		

		
			prior to maturity, shall be payable in the coin or currency of
		

		
			the United States of America which at the time is legal tender
		

		
			for public and private debt, at the office or agency of the
		

		
			Company maintained for that purpose in either the City of
		

		
			Atlanta, County of Fulton, State of Georgia or the Borough of
		

		
			Manhattan, the City and State of New York. Each Security shall
		

		
			be dated the date of its authentication. Interest on the
		

		
			Securities shall be computed on the basis of a 360-day year
		

		
			composed of twelve 30-day months; provided that interest on
		

		
			Securities bearing interest of a floating rate shall be
		

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

		
			appropriate, for the actual number of days elapsed.
		

		
			﻿
		

		
			     The interest installment on any Security which is payable,
		

		
			and is punctually paid or duly provided for, on any interest
		

		
			payment date for Securities of that series shall be paid to the
		

		
			person in whose name said Security (or one or more Predecessor
		

		
			Securities) is registered at the close of business on the
		

		
			regular record date for such interest installment. In the event
		

		
			that any Security of a particular series or portion thereof is
		

		
			called for redemption and the redemption date is subsequent to
		

		
			a regular record date with respect to any interest payment date
		

		
			and prior to such interest payment date, interest on such
		

		
			Security will be paid upon presentation and surrender of such
		

		
			Security as provided in Section 3.03.
		

		
			﻿
		

		
			     Any interest on any Security which is payable, but is not
		

		
			punctually paid or duly provided for, on any interest payment
		

		
			date for Securities of the same series (herein called
		

		
			"Defaulted Interest") shall forthwith cease to be payable to
		

		
			the registered holder on the relevant regular record date by
		

		
			virtue of having been such holder; and such Defaulted Interest
		

		
			shall be paid by the Company, at its election, as provided in
		

		
			clause (1) or clause (2) below:
		

		
			﻿
		

		
			﻿
		

		
			                                7
		

		
			﻿
		

		
			          (1) The Company may make payment of any Defaulted
		

		
			     Interest on Securities to the persons in whose names such
		

		
			     Securities (or their respective Predecessor Securities)
		

		
			     are registered at the close of business on a special
		

		
			     record date for the payment of such Defaulted Interest,
		

		
			     which shall be fixed in the following manner: the Company
		

		
			     shall notify the Trustee in writing of the amount of
		

		
			     Defaulted Interest proposed to be paid on each such
		

		

		

		 

 

		     Security and the date of the proposed payment, and at the
		

		
			     same time the Company shall deposit with the Trustee an
		

		
			     amount of money equal to the aggregate amount proposed to
		

		
			     be paid in respect of such Defaulted Interest or shall
		

		
			     make arrangements satisfactory to the Trustee for such
		

		
			     deposit prior to the date of the proposed payment, such
		

		
			     money when deposited to be held in trust for the benefit
		

		
			     of the persons entitled to such Defaulted Interest as in
		

		
			     this clause provided. Thereupon the Trustee shall fix a
		

		
			     special record date for the payment of such Defaulted
		

		
			     Interest which shall not be more than 15 or less than 10
		

		
			     days prior to the date of the proposed payment and not
		

		
			     less than 10 days after the receipt by the Trustee of the
		

		
			     notice of the proposed payment. The Trustee shall promptly
		

		
			     notify the Company of such special record date and, in the
		

		
			     name and at the expense of the Company, shall cause notice
		

		
			     of the proposed payment of such Defaulted Interest and the
		

		
			     special record date therefor to be mailed, first class
		

		
			     postage prepaid, to each Securityholder at his or her
		

		
			     address as it appears in the Security Register (as
		

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

		
			     special record date. Notice of the proposed payment of
		

		
			     such Defaulted Interest and the special record date
		

		
			     therefor having been mailed as aforesaid, such Defaulted
		

		
			     Interest shall be paid to the persons in whose names such
		

		
			     Securities (or their respective Predecessor Securities)
		

		
			     are registered on such special record date and shall be no
		

		
			     longer payable pursuant to the following clause (2).
		

		
			     
		

		
			          (2) The Company may make payment of any Defaulted
		

		
			     Interest on any Securities in any other lawful manner not
		

		
			     inconsistent with the requirements of any securities
		

		
			     exchange on which such Securities may be listed, and upon
		

		
			     such notice as may be required by such exchange, if, after
		

		
			     notice given by the Company to the Trustee of the proposed
		

		
			     payment pursuant to this clause, such manner of payment
		

		
			     shall be deemed practicable by the Trustee.
		

		
			﻿
		

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

		
			with respect to a series of Securities with respect to any
		

		
			interest payment date for such series shall mean either the
		

		
			fifteenth day of the month immediately preceding the month in
		

		
			which an interest payment date established for such series
		

		
			pursuant to Section 2.01 hereof shall occur, if such interest
		

		
			payment date is the first day of a month, or the last day of
		

		
			the month immediately preceding the month in which an interest
		

		
			payment date established for such series pursuant to Section
		

		
			2.01 hereof shall occur, if such interest payment date is the
		

		
			fifteenth day of a month, whether or not such date is a
		

		
			business day.
		

		
			﻿
		

		
			     Subject to the foregoing provisions of this Section, each
		

		
			Security of a series delivered under this Indenture upon
		

		
			transfer of or in exchange for or in lieu of any other Security
		

		
			of such series shall carry the rights to interest accrued and
		

		
			unpaid, and to accrue, which were carried by such other
		

		
			Security.
		

		

		

		 

 

		     
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                8
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 2.04. The Securities shall, subject to the
		

		
			provisions of Section 2.06, be printed on steel engraved
		

		
			borders or fully or partially engraved, or legibly typed, as
		

		
			the proper officers of the Company may determine, and shall be
		

		
			signed on behalf of the Company by its President or one of its
		

		
			Vice Presidents, under its corporate seal attested by its
		

		
			Secretary or one of its Assistant Secretaries.  The signature
		

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

		
			the Secretary or an Assistant Secretary in attestation of the
		

		
			corporate seal, upon the Securities, may be in the form of a
		

		
			facsimile signature of a present or any future President or
		

		
			Vice President and of a present or any future Secretary or
		

		
			Assistant Secretary and may be imprinted or otherwise
		

		
			reproduced on the Securities and for that purpose the Company
		

		
			may use the facsimile signature of any person who shall have
		

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

		
			have been a Secretary or Assistant Secretary, notwithstanding
		

		
			the fact that at the time the Securities shall be authenticated
		

		
			and delivered or disposed of such person shall have ceased to
		

		
			be the President or a Vice President, or the Secretary or an
		

		
			Assistant Secretary, of the Company, as the case may be.  The
		

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

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

		
			otherwise reproduced on the Securities.
		

		
			﻿
		

		
			     Only such Securities as shall bear thereon a certificate
		

		
			of authentication substantially in the form established for
		

		
			such Securities, executed manually by an authorized signatory
		

		
			of the Trustee, or by any Authenticating Agent with respect to
		

		
			such Securities, shall be entitled to the benefits of this
		

		
			Indenture or be valid or obligatory for any purpose. Such
		

		
			certificate executed by the Trustee, or by any Authenticating
		

		
			Agent appointed by the Trustee with respect to such Securities,
		

		
			upon any Security executed by the Company shall be conclusive
		

		
			evidence that the Security so authenticated has been duly
		

		
			authenticated and delivered hereunder and that the holder is
		

		
			entitled to the benefits of this Indenture.
		

		
			﻿
		

		
			     At any time and from time to time after the execution and
		

		
			delivery of this Indenture, the Company may deliver Securities
		

		
			of any series executed by the Company to the Trustee for
		

		
			authentication, together with a written order of the Company
		

		
			for the authentication and delivery of such Securities, signed
		

		
			by its President or any Vice President and its Treasurer or any
		

		
			Assistant Treasurer, and the Trustee in accordance with such
		

		
			written order shall authenticate and deliver such Securities.
		

		
			﻿
		

		

		

		 

 

		     In authenticating such Securities and accepting the
		

		
			additional responsibilities under this Indenture in relation to
		

		
			such Securities, the Trustee shall be entitled to receive, and
		

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

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

		
			thereof have been established in conformity with the provisions
		

		
			of this Indenture and that such Securities, when authenticated
		

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

		
			and delivered and will constitute the legal, valid and binding
		

		
			obligations of the Company, enforceable against it in
		

		
			accordance with their terms.
		

		
			﻿
		

		
			     The Trustee shall not be required to authenticate such
		

		
			Securities if the issue of such Securities pursuant to this
		

		
			Indenture will affect the Trustee's own rights, duties or
		

		
			immunities under the Securities and this Indenture or otherwise
		

		
			in a manner which is not reasonably acceptable to the Trustee.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                9
		

		
			﻿
		

		
			﻿
		

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

		
			exchanged upon presentation thereof at the office or agency of
		

		
			the Company designated for such purpose in either the City of
		

		
			Atlanta, County of Fulton, State of Georgia, or the Borough of
		

		
			Manhattan, the City and State of New York, for other Securities
		

		
			of such series of authorized denominations, and for a like
		

		
			aggregate principal amount, upon payment of a sum sufficient to
		

		
			cover any tax or other governmental charge in relation thereto,
		

		
			all as provided in this Section. In respect of any Securities
		

		
			so surrendered for exchange, the Company shall execute, the
		

		
			Trustee shall authenticate and such office or agency shall
		

		
			deliver in exchange therefor the Security or Securities of the
		

		
			same series which the Securityholder making the exchange shall
		

		
			be entitled to receive, bearing numbers not contemporaneously
		

		
			outstanding.
		

		
			﻿
		

		
			     (b) The Company shall keep, or cause to be kept, at its
		

		
			office or agency designated for such purpose in either the City
		

		
			of Atlanta, County of Fulton, State of Georgia, or the Borough
		

		
			of Manhattan, the City and State of New York, or such other
		

		
			location designated by the Company a register or registers
		

		
			(herein referred to as the "Security Register") in which,
		

		
			subject to such reasonable regulations as it may prescribe, the
		

		
			Company shall register the Securities and the transfers of
		

		
			Securities as in this Article provided and which at all
		

		
			reasonable times shall be open for inspection by the Trustee.
		

		
			The registrar for the purpose of registering Securities and
		

		
			transfer of Securities as herein provided shall be appointed by
		

		
			the Board of Directors by Board Resolution (the "Security
		

		
			Registrar").
		

		
			﻿
		

		

		

		 

 

		     Upon surrender for transfer of any Security at the office
		

		
			or agency of the Company designated for such purpose in either
		

		
			the City of Atlanta, County of Fulton, State of Georgia, or the
		

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

		
			Company shall execute, the Trustee shall authenticate and such
		

		
			office or agency shall deliver in the name of the transferee or
		

		
			transferees a new Security or Securities of the same series as
		

		
			the Security presented for a like aggregate principal amount.
		

		
			﻿
		

		
			     All Securities presented or surrendered for exchange or
		

		
			registration of transfer, as provided in this Section, shall be
		

		
			accompanied (if so required by the Company or the Security
		

		
			Registrar) by a written instrument or instruments of transfer,
		

		
			in form satisfactory to the Company or the Security Registrar,
		

		
			duly executed by the registered holder or by his duly
		

		
			authorized attorney in writing.
		

		
			﻿
		

		
			     (c) No service charge shall be made for any exchange or
		

		
			registration of transfer of Securities, or issue of new
		

		
			Securities in case of partial redemption of any series, but the
		

		
			Company may require payment of a sum sufficient to cover any
		

		
			tax or other governmental charge in relation thereto, other
		

		
			than exchanges pursuant to Section 2.06, the second paragraph
		

		
			of Section 3.03 and Section 9.04 not involving any transfer.
		

		
			﻿
		

		
			     (d) The Company shall not be required (a) to issue,
		

		
			exchange or register the transfer of any Securities during a
		

		
			period beginning at the opening of business 15 days before the
		

		
			day of the mailing of a notice of redemption of less than all
		

		
			the outstanding Securities of the same series and ending at the
		

		
			close of business on the day of such mailing, nor (b) to
		

		
			register the transfer of or exchange any Securities of any
		

		
			series or portions thereof called for redemption.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               10
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 2.06. Pending the preparation of definitive
		

		
			Securities of any series, the Company may execute, and the
		

		
			Trustee shall authenticate and deliver, temporary Securities
		

		
			(printed, lithographed or typewritten) of any authorized
		

		
			denomination, and substantially in the form of the definitive
		

		
			Securities in lieu of which they are issued, but with such
		

		
			omissions, insertions and variations as may be appropriate for
		

		
			temporary Securities, all as may be determined by the Company.
		

		
			Every temporary Security of any series shall be executed by the
		

		
			Company and be authenticated by the Trustee upon the same
		

		
			conditions and in substantially the same manner, and with like
		

		
			effect, as the definitive Securities of such series. Without
		

		
			unnecessary delay the Company will execute and will furnish
		

		
			definitive Securities of such series and thereupon any or all
		

		
			temporary Securities of such series may be surrendered in
		

		

		

		 

 

		exchange therefor (without charge to the holders), at the
		

		
			office or agency of the Company designated for the purpose in
		

		
			either the City of Atlanta, County of Fulton, State of Georgia,
		

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

		
			and the Trustee shall authenticate and such office or agency
		

		
			shall deliver in exchange for such temporary Securities an
		

		
			equal aggregate principal amount of definitive Securities of
		

		
			such series. Until so exchanged, the temporary Securities of
		

		
			such series shall be entitled to the same benefits under this
		

		
			Indenture as definitive Securities of such series authenticated
		

		
			and delivered hereunder.
		

		
			﻿
		

		
			     SECTION 2.07. In case any temporary or definitive Security
		

		
			shall become mutilated or be destroyed, lost or stolen, the
		

		
			Company (subject to the next succeeding sentence) shall
		

		
			execute, and upon its request the Trustee (subject as
		

		
			aforesaid) shall authenticate and deliver, a new Security of
		

		
			the same series bearing a number not contemporaneously
		

		
			outstanding, in exchange and substitution for the mutilated
		

		
			Security, or in lieu of and in substitution for the Security so
		

		
			destroyed, lost or stolen. In every case the applicant for a
		

		
			substituted Security shall furnish to the Company and to the
		

		
			Trustee such security or indemnity as may be required by them
		

		
			to save each of them harmless, and, in every case of
		

		
			destruction, loss or theft, the applicant shall also furnish to
		

		
			the Company and to the Trustee evidence to their satisfaction
		

		
			of the destruction, loss or theft of the applicant's Security
		

		
			and of the ownership thereof. The Trustee may authenticate any
		

		
			such substituted Security and deliver the same upon the written
		

		
			request or authorization of any officer of the Company. Upon
		

		
			the issue of any substituted Security, the Company may require
		

		
			the payment of a sum sufficient to cover any tax or other
		

		
			governmental charge that may be imposed in relation thereto and
		

		
			any other expenses (including the fees and expenses of the
		

		
			Trustee) connected therewith. In case any Security which has
		

		
			matured or is about to mature shall become mutilated or be
		

		
			destroyed, lost or stolen, the Company may, instead of issuing
		

		
			a substitute Security, pay or authorize the payment of the same
		

		
			(without surrender thereof except in the case of a mutilated
		

		
			Security) if the applicant for such payment shall furnish to
		

		
			the Company and to the Trustee such security or indemnity as
		

		
			they may require to save them harmless, and, in case of
		

		
			destruction, loss or theft, evidence to the satisfaction of the
		

		
			Company and the Trustee of the destruction, loss or theft of
		

		
			such Security and of the ownership thereof.
		

		
			﻿
		

		
			     Every Security issued pursuant to the provisions of this
		

		
			Section in substitution for any Security which is mutilated,
		

		
			destroyed, lost or stolen shall constitute an additional
		

		
			contractual obligation of the Company, whether or not the
		

		
			mutilated, destroyed, lost or stolen Security shall be found at
		

		
			any time, or be enforceable by anyone, and shall be entitled to
		

		
			all the benefits of this Indenture equally and proportionately
		

		
			with any and all other Securities of the same series duly
		

		
			issued hereunder. All Securities shall be
		

		
			﻿
		

		
			﻿
		

		

		

		 

 

		                               11
		

		
			﻿
		

		
			﻿
		

		
			held and owned upon the express condition that the foregoing
		

		
			provisions are
		

		
			exclusive with respect to the replacement or payment of
		

		
			mutilated, destroyed, lost or stolen Securities, and shall
		

		
			preclude (to the extent lawful) any and all other rights or
		

		
			remedies, notwithstanding any law or statute existing or
		

		
			hereafter enacted to the contrary with respect to the
		

		
			replacement or payment of negotiable instruments or other
		

		
			securities without their surrender.
		

		
			﻿
		

		
			     SECTION 2.08. All Securities surrendered for the purpose
		

		
			of payment, redemption, exchange or registration of transfer
		

		
			shall, if surrendered to the Company or any paying agent, be
		

		
			delivered to the Trustee for cancellation, or, if surrendered
		

		
			to the Trustee, shall be cancelled by it, and no Securities
		

		
			shall be issued in lieu thereof except as expressly required or
		

		
			permitted by any of the provisions of this Indenture. On
		

		
			request of the Company, the Trustee shall deliver to the
		

		
			Company cancelled Securities held by the Trustee. In the
		

		
			absence of such request the Trustee may dispose of cancelled
		

		
			Securities in accordance with its standard procedures and
		

		
			deliver a certificate of disposition to the Company. If the
		

		
			Company shall otherwise acquire any of the Securities, however,
		

		
			such acquisition shall not operate as a redemption or
		

		
			satisfaction of the indebtedness represented by such Securities
		

		
			unless and until the same are delivered to the Trustee for
		

		
			cancellation.
		

		
			﻿
		

		
			     SECTION 2.09. Nothing in this Indenture or in the
		

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

		
			give to any person, firm or corporation, other than the parties
		

		
			hereto and the holders of the Securities, any legal or
		

		
			equitable right, remedy or claim under or in respect of this
		

		
			Indenture, or under any covenant, condition or provision herein
		

		
			contained; all such covenants, conditions and provisions being
		

		
			for the sole benefit of the parties hereto and of the holders
		

		
			of the Securities.
		

		
			﻿
		

		
			     SECTION 2.10. So long as any of the Securities of any
		

		
			series remain outstanding there may be an Authenticating Agent
		

		
			for any or all such series of Securities which the Trustee
		

		
			shall have the right to appoint. Said Authenticating Agent
		

		
			shall be authorized to act on behalf of the Trustee to
		

		
			authenticate Securities of such series issued upon exchange,
		

		
			transfer or partial redemption thereof, and Securities so
		

		
			authenticated shall be entitled to the benefits of this
		

		
			Indenture and shall be valid and obligatory for all purposes as
		

		
			if authenticated by the Trustee hereunder.  All references in
		

		
			this Indenture to the authentication of Securities by the
		

		
			Trustee shall be deemed to include authentication by an
		

		
			Authenticating Agent for such series except for authentication
		

		
			upon original issuance or pursuant to Section 2.07 hereof. Each
		

		
			Authenticating Agent shall be acceptable to the Company and
		

		
			shall be a corporation which has a combined capital and
		

		

		

		 

 

		surplus, as most recently reported or determined by it,
		

		
			sufficient under the laws of any jurisdiction under which it is
		

		
			organized or in which it is doing business to conduct a trust
		

		
			business, and which is otherwise authorized under such laws to
		

		
			conduct such business and is subject to supervision or
		

		
			examination by Federal or State authorities. If at any time any
		

		
			Authenticating Agent shall cease to be eligible in accordance
		

		
			with these provisions, it shall resign immediately.
		

		
			﻿
		

		
			     Any Authenticating Agent may at any time resign by giving
		

		
			written notice of resignation to the Trustee and to the
		

		
			Company.  The Trustee may at any time (and upon request by the
		

		
			Company shall) terminate the agency of any Authenticating Agent
		

		
			by giving written notice of termination to such Authenticating
		

		
			Agent and to the Company.  Upon resignation, termination or
		

		
			cessation of eligibility of any Authenticating Agent, the
		

		
			Trustee may appoint an eligible successor Authenticating Agent
		

		
			acceptable to the Company. Any
		

		
			﻿
		

		
			                               12
		

		
			﻿
		

		
			﻿
		

		
			successor Authenticating Agent, upon acceptance of its
		

		
			appointment hereunder, shall become vested with all the rights,
		

		
			powers and duties of its predecessor hereunder as if originally
		

		
			named as an Authenticating Agent pursuant hereto.
		

		
			                          ARTICLE THREE
		

		
			       Redemption of Securities and Sinking Fund Provisions
		

		
			﻿
		

		
			     SECTION 3.01. The Company may redeem the Securities of any
		

		
			series issued hereunder on and after the dates and in
		

		
			accordance with the terms established for such series pursuant
		

		
			to Section 2.01 hereof.
		

		
			﻿
		

		
			     SECTION 3.02. (a) In case the Company shall desire to
		

		
			exercise such right to redeem all or, as the case may be, a
		

		
			portion of the Securities of any series in accordance with the
		

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

		
			redemption to holders of the Securities of such series to be
		

		
			redeemed by mailing, first class postage prepaid, a notice of
		

		
			such redemption not less than 30 days and not more than 60 days
		

		
			before the date fixed for redemption of that series to such
		

		
			holders at their last addresses as they shall appear upon the
		

		
			Security Register. Any notice which is mailed in the manner
		

		
			herein provided shall be conclusively presumed to have been
		

		
			duly given, whether or not the registered holder receives the
		

		
			notice.  In any case, failure duly to give such notice to the
		

		
			holder of any Security of any series designated for redemption
		

		
			in whole or in part, or any defect in the notice, shall not
		

		
			affect the validity of the proceedings for the redemption of
		

		
			any other Securities of such series or any other series. In the
		

		
			case of any redemption of Securities prior to the expiration of
		

		
			any restriction on such redemption provided in the terms of
		

		
			such Securities or elsewhere in this Indenture, the Company
		

		
			shall furnish the Trustee with an Officers' Certificate
		

		
			evidencing compliance with any such restriction.
		

		
			﻿
		

		

		

		 

 

		     Each such notice of redemption shall specify the date
		

		
			fixed for redemption and the redemption price at which
		

		
			Securities of that series are to be redeemed, and shall state
		

		
			that payment of the redemption price of such Securities to be
		

		
			redeemed will be made at the office or agency of the Company in
		

		
			either the City of Atlanta, County of Fulton, State of Georgia,
		

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

		
			upon presentation and surrender of such Securities, that
		

		
			interest accrued to the date fixed for redemption will be paid
		

		
			as specified in said notice, that from and after said date
		

		
			interest will cease to accrue and that the redemption is for a
		

		
			sinking fund, if such is the case. If less than all the
		

		
			Securities of a series are to be redeemed, the notice to the
		

		
			holders of Securities of that series to be redeemed in whole or
		

		
			in part shall specify the particular Securities to be so
		

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

		
			the notice which relates to such Security shall state the
		

		
			portion of the principal amount thereof to be redeemed, and
		

		
			shall state that on and after the redemption date, upon
		

		
			surrender of such Security, a new Security or Securities of
		

		
			such series in principal amount equal to the unredeemed portion
		

		
			thereof will be issued.
		

		
			﻿
		

		
			     (b) If less than all the Securities of a series are to be
		

		
			redeemed, the Company shall give the Trustee at least 45 days'
		

		
			notice in advance of the date fixed for redemption as to the
		

		
			aggregate principal amount of Securities of the series to be
		

		
			redeemed, and thereupon the Trustee shall select, by lot or in
		

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

		
			discretion and which may provide for the selection of a portion
		

		
			or portions (equal to $1,000 or any multiple thereof) of the
		

		
			principal amount of such Securities of a denomination larger
		

		
			than $1,000, the Securities to be redeemed and shall thereafter
		

		
			promptly notify the Company in writing of the numbers of the
		

		
			Securities to be redeemed, in whole or in part.
		

		
			﻿
		

		
			﻿
		

		
			                               13
		

		
			﻿
		

		
			﻿
		

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

		
			delivery of instructions signed on its behalf by its President
		

		
			or any Vice President, instruct the Trustee or any paying agent
		

		
			to call all or any part of the Securities of a particular
		

		
			series for redemption and to give notice of redemption in the
		

		
			manner set forth in this Section, such notice to be in the name
		

		
			of the Company or its own name as the Trustee or such paying
		

		
			agent may deem advisable. In any case in which notice of
		

		
			redemption is to be given by the Trustee or any such paying
		

		
			agent, the Company shall deliver or cause to be delivered to,
		

		
			or permit to remain with, the Trustee or such paying agent, as
		

		
			the case may be, such Security Register, transfer books or
		

		
			other records, or suitable copies or extracts therefrom,
		

		
			sufficient to enable the Trustee or such paying agent to give
		

		
			any notice by mail that may be required under the provisions of
		

		
			this Section.
		

		
			﻿
		

		

		

		 

 

		     SECTION 3.03. (a) If the giving of notice of redemption
		

		
			shall have been completed as above provided, the Securities or
		

		
			portions of Securities of the series to be redeemed specified
		

		
			in such notice shall become due and payable on the date and at
		

		
			the place stated in such notice at the applicable redemption
		

		
			price, together with interest accrued to the date fixed for
		

		
			redemption and interest on such Securities or portions of
		

		
			Securities shall cease to accrue on and after the date fixed
		

		
			for redemption, unless the Company shall default in the payment
		

		
			of such redemption price and accrued interest with respect to
		

		
			any such Security or portion thereof. On presentation and
		

		
			surrender of such Securities on or after the date fixed for
		

		
			redemption at the place of payment specified in the notice,
		

		
			said Securities shall be paid and redeemed at the applicable
		

		
			redemption price for such series, together with interest
		

		
			accrued thereon to the date fixed for redemption (but if the
		

		
			date fixed for redemption is an interest payment date, the
		

		
			interest installment payable on such date shall be payable to
		

		
			the registered holder at the close of business on the
		

		
			applicable record date pursuant to Section 2.03).
		

		
			﻿
		

		
			     (b) Upon presentation of any Security of such series which
		

		
			is to be redeemed in part only, the Company shall execute and
		

		
			the Trustee shall authenticate and the office or agency where
		

		
			the Security is presented shall deliver to the holder thereof,
		

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

		
			the same series, of authorized denominations in principal
		

		
			amount equal to the unredeemed portion of the Security so
		

		
			presented.
		

		
			﻿
		

		
			     SECTION 3.04. The provisions of Sections 3.04, 3.05 and
		

		
			3.06 shall be applicable to any sinking fund for the retirement
		

		
			of Securities of a series, except as otherwise specified as
		

		
			contemplated by Section 2.01 for Securities of such series.
		

		
			﻿
		

		
			     The minimum amount of any sinking fund payment provided
		

		
			for by the terms of Securities of any series is herein referred
		

		
			to as a "mandatory sinking fund payment", and any payment in
		

		
			excess of such minimum amount provided for by the terms of
		

		
			Securities of any series is herein referred to as an "optional
		

		
			sinking fund payment".  If provided for by the terms of
		

		
			Securities of any series, the cash amount of any sinking fund
		

		
			payment may be subject to reduction as provided in Section
		

		
			3.05. Each sinking fund payment shall be applied to the
		

		
			redemption of Securities of any series as provided for by the
		

		
			terms of Securities of such series.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               14
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 3.05. The Company (1) may deliver Outstanding
		

		

		

		 

 

		Securities of a series (other than any previously called for
		

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

		
			series which have been redeemed either at the election of the
		

		
			Company pursuant to the terms of such Securities or through the
		

		
			application of permitted optional sinking fund payments
		

		
			pursuant to the terms of such Securities, in each case in
		

		
			satisfaction of all or any part of any sinking fund payment
		

		
			with respect to the Securities of such series required to be
		

		
			made pursuant to the terms of such Securities as provided for
		

		
			by the terms of such series; provided that such Securities have
		

		
			not been previously so credited. Such Securities shall be
		

		
			received and credited for such purpose by the Trustee at the
		

		
			redemption price specified in such Securities for redemption
		

		
			through operation of the sinking fund and the amount of such
		

		
			sinking fund payment shall be reduced accordingly.
		

		
			﻿
		

		
			     SECTION 3.06. Not less than 45 days prior to each sinking
		

		
			fund payment date for any series of Securities, the Company
		

		
			will deliver to the Trustee an Officers' Certificate specifying
		

		
			the amount of the next ensuing sinking fund payment for that
		

		
			series pursuant to the terms of that series, the portion
		

		
			thereof, if any, which is to be satisfied by delivering and
		

		
			crediting Securities of that series pursuant to Section 3.05
		

		
			and the basis for such credit and will also deliver to the
		

		
			Trustee any Securities to be so delivered. Not less than 30
		

		
			days before each such sinking fund payment date the Trustee
		

		
			shall select the Securities to be redeemed upon such sinking
		

		
			fund payment date in the manner specified in Section 3.02 and
		

		
			cause notice of the redemption thereof to be given in the name
		

		
			of and at the expense of the Company in the manner provided in
		

		
			Section 3.02. Such notice having been duly given, the
		

		
			redemption of such Securities shall be made upon the terms and
		

		
			in the manner stated in Section 3.03.
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE FOUR
		

		
			               Particular Covenants of the Company
		

		
			﻿
		

		
			     The Company covenants and agrees for each series of the
		

		
			Securities as follows:
		

		
			﻿
		

		
			     SECTION 4.01. The Company will duly and punctually pay or
		

		
			cause to be paid the principal of (and premium, if any) and
		

		
			interest on the Securities of that series at the time and place
		

		
			and in the manner provided herein and established with respect
		

		
			to such Securities.
		

		
			﻿
		

		
			     SECTION 4.02. So long as any series of the Securities
		

		
			remain outstanding, the Company agrees to maintain an office or
		

		
			agency in either the City of Atlanta, County of Fulton, State
		

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

		
			New York, with respect to each such series and at such other
		

		
			location or locations as may be designated as provided in this
		

		
			Section 4.02, where (i) Securities of that series may be
		

		
			presented for payment, (ii) Securities of that series may be
		

		
			presented as hereinabove authorized for registration of
		

		
			transfer and exchange, and (iii) notices and demands to or upon
		

		

		

		 

 

		the Company in respect of the Securities of that series and
		

		
			this Indenture may be given or served.  As to such office or
		

		
			agency in either the City of Atlanta, County of Fulton, State
		

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

		
			New York, the Company shall, designate the required office or
		

		
			agency to be located in either the City of Atlanta, County of
		

		
			Fulton, State of Georgia, or the Borough of Manhattan, the City
		

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

		
			designation to continue with respect to such office or agency
		

		
			until the Company shall, by written notice signed by its
		

		
			President or a Vice President and delivered to
		

		
			﻿
		

		
			﻿
		

		
			                               15
		

		
			﻿
		

		
			the Trustee, designate some other office or agency for such
		

		
			purposes or any of them. If at any time the Company shall fail
		

		
			to maintain any such required office or agency or shall fail to
		

		
			furnish the Trustee with the address thereof, such
		

		
			presentations, notices and demands may be made or served at the
		

		
			Corporate Trust Office of the Trustee, and the Company hereby
		

		
			appoints the Trustee as its agent to receive all such
		

		
			presentations, notices and demands.
		

		
			﻿
		

		
			     SECTION 4.03. (a) If the Company shall appoint one or more
		

		
			paying agents for all or any series of the Securities, other
		

		
			than the Trustee, the Company will cause each such paying agent
		

		
			to execute and deliver to the Trustee an instrument in which
		

		
			such agent shall agree with the Trustee, subject to the
		

		
			provisions of this Section,
		

		
			﻿
		

		
			     (1) that it will hold all sums held by it as such agent
		

		
			     for the payment of the principal of (and premium, if any)
		

		
			     or interest on the Securities of that series (whether such
		

		
			     sums have been paid to it by the Company or by any other
		

		
			     obligor on such securities) in trust for the benefit of
		

		
			     the persons entitled thereto;
		

		
			     
		

		
			     (2) that it will give the Trustee notice of any failure by
		

		
			     the Company (or by any other obligor on such Securities)
		

		
			     to make any payment of the principal of (and premium, if
		

		
			     any) or interest on the Securities of that series when the
		

		
			     same shall be due and payable;
		

		
			     
		

		
			     (3) that it will, at any time during the continuance of
		

		
			     any failure referred to in the preceding paragraph (a)(2)
		

		
			     above, upon the written request of the Trustee, forthwith
		

		
			     pay to the Trustee all sums so held in trust by such
		

		
			     paying agent; and
		

		
			     
		

		
			     (4) that it will perform all other duties of paying agent
		

		
			     as set forth in this Indenture.
		

		
			﻿
		

		
			     (b) If the Company shall act as its own paying agent with
		

		
			respect to any series of the Securities, it will on or before
		

		
			each due date of the principal of (and premium, if any) or
		

		
			interest on Securities of that series, set aside, segregate and
		

		

		

		 

 

		hold in trust for the benefit of the persons entitled thereto a
		

		
			sum sufficient to pay such principal (and premium, if any) or
		

		
			interest so becoming due on Securities of that series until
		

		
			such sums shall be paid to such persons or otherwise disposed
		

		
			of as herein provided and will promptly notify the Trustee of
		

		
			such action, or any failure (by it or any other obligor on such
		

		
			Securities) to take such action. Whenever the Company shall
		

		
			have one or more paying agents for any series of Securities, it
		

		
			will, prior to each due date of the principal of (and premium,
		

		
			if any) or interest on any Securities of that series, deposit
		

		
			with a paying agent a sum sufficient to pay the principal (and
		

		
			premium, if any) or interest so becoming due, such sum to be
		

		
			held in trust for the benefit of the persons entitled to such
		

		
			principal, premium or interest, and (unless such paying agent
		

		
			is the Trustee) the Company will promptly notify the Trustee of
		

		
			its action or failure so to act.
		

		
			﻿
		

		
			     (c) Anything in this Section to the contrary
		

		
			notwithstanding, (i) the agreement to hold sums in trust as
		

		
			provided in this Section is subject to the provisions of
		

		
			Section 11.05, and (ii) the Company may at any time, for the
		

		
			purpose of obtaining the satisfaction and discharge of this
		

		
			Indenture or for any other purpose, pay, or direct any paying
		

		
			agent to pay, to the Trustee all sums held in trust by the
		

		
			Company or such paying agent, such sums to be held by the
		

		
			Trustee upon the same terms as those upon which such sums were
		

		
			held by the Company or such paying agent; and, upon such
		

		
			payment by any paying agent to the Trustee, such paying agent
		

		
			shall be released from all further liability with respect to
		

		
			such money.
		

		
			﻿
		

		
			                               16
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 4.04. The Company, whenever necessary to avoid or
		

		
			fill a vacancy in the office of Trustee, will appoint, in the
		

		
			manner provided in Section 7.10, a Trustee, so that there shall
		

		
			at all times be a Trustee hereunder.
		

		
			﻿
		

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

		
			Securities remain outstanding, create, or suffer to be created
		

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

		
			other encumbrance of any kind upon any property of any
		

		
			character of the Company whether now owned or hereafter
		

		
			acquired or upon any of the income or profits therefrom unless
		

		
			it shall make effective provision whereby the Securities then
		

		
			outstanding shall be secured by such mortgage, lien, pledge,
		

		
			security interest or other encumbrance equally and ratably with
		

		
			any and all obligations and indebtedness thereby secured so
		

		
			long as any such obligations and indebtedness shall be so
		

		
			secured; provided, however, that nothing in this Section shall
		

		
			be construed to prevent the Company from creating, or from
		

		
			suffering to be created or to exist, any mortgages, liens,
		

		
			pledges, security interests or other encumbrances, or any
		

		
			agreements, with respect to:
		

		
			﻿
		

		
			     (1) Purchase money mortgages, or other purchase money
		

		

		

		 

 

		     liens, pledges or encumbrances of any kind upon property
		

		
			     hereafter acquired by the Company, or mortgages, liens,
		

		
			     pledges, security interests or other encumbrances of any
		

		
			     kind existing on such property at the time of the
		

		
			     acquisition thereof, or conditional sales agreements or
		

		
			     other title retention agreements with respect to any
		

		
			     property hereafter acquired; provided, however, that no
		

		
			     such mortgage, lien, pledge, security interest or other
		

		
			     encumbrance, and no such agreement, shall extend to or
		

		
			     cover any other property of the Company;
		

		
			     
		

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

		
			     mortgage, lien, pledge, security interest or other
		

		
			     encumbrance, or of any such agreement, permitted by the
		

		
			     foregoing clause (1), or the replacement or renewal
		

		
			     (without increase in principal amount or extension of
		

		
			     final maturity date) of the indebtedness secured thereby;
		

		
			     
		

		
			     (3) Liens for taxes or assessments or governmental charges
		

		
			     or levies; pledges or deposits to secure obligations under
		

		
			     worker's compensation laws or similar legislation; pledges
		

		
			     or deposits to secure performance in connection with bids,
		

		
			     tenders, contracts (other than contracts for the payment
		

		
			     of money) or leases to which the Company is a party;
		

		
			     deposits to secure public or statutory obligations of the
		

		
			     Company; materialmen's, mechanics', carriers', workers',
		

		
			     repairmen's or other like liens in the ordinary course of
		

		
			     business, or deposits to obtain the release of such liens;
		

		
			     deposits to secure surety and appeal bonds to which the
		

		
			     Company is a party; other pledges or deposits for similar
		

		
			     purposes in the ordinary course of business; liens created
		

		
			     by or resulting from any litigation or legal proceeding
		

		
			     which at the time is currently being contested in good
		

		
			     faith by appropriate proceedings; leases made, or existing
		

		
			     on property acquired, in the ordinary course of business;
		

		
			     landlord's liens under leases to which the Company is a
		

		
			     party; zoning restrictions, easements, licenses,
		

		
			     restrictions on the use of real property or minor
		

		
			     irregularities in title thereto, which do not materially
		

		
			     impair the use of such property in the operation of the
		

		
			     business of the Company or the value of such property for
		

		
			     the purpose of such business; or the lien of the Trustee
		

		
			     described in Section 7.06 hereof;
		

		
			     
		

		
			     (4) First Mortgage Bonds outstanding on the date hereof
		

		
			     and any replacement or renewal (without increase in
		

		
			     principal amount or extension of final maturity date) of
		

		
			     such outstanding First Mortgage Bonds;
		

		
			﻿
		

		
			                               17
		

		
			     
		

		
			     
		

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

		
			     Company in connection with a consolidation or merger of
		

		
			     the Company with or into any Affiliate in exchange for or
		

		
			     otherwise in substitution for long-term senior
		

		
			     indebtedness of such Affiliate ("Affiliate Debt") which by
		

		

		

		 

 

		     its terms (i) is secured by a mortgage on all or a portion
		

		
			     of the property of such Affiliate, (ii) prohibits
		

		
			     long-term senior secured indebtedness from being incurred
		

		
			     by such Affiliate, or a successor thereto, unless the
		

		
			     Affiliate Debt shall be secured equally and ratably with
		

		
			     such long-term senior secured indebtedness or (iii)
		

		
			     prohibits long-term senior secured indebtedness from being
		

		
			     incurred by such Affiliate; or
		

		
			     
		

		
			     (6) Indebtedness assumed by the Company of the character
		

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

		
			     4.06 hereof.
		

		
			﻿
		

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

		
			Securities remain outstanding, consolidate with, or merge into,
		

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

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

		
			of Article Ten hereof are complied with.
		

		
			﻿
		

		
			     If upon any such consolidation or merger, or sale or
		

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

		
			Company prior thereto would thereupon become subject to any
		

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

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

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

		
			equally and ratably with the other indebtedness or obligations
		

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

		
			long as such other indebtedness or obligations shall be so
		

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

		
			property of the Company to any mortgage, security interest,
		

		
			pledge or lien securing indebtedness of an Affiliate which is
		

		
			required to be assumed by the Company in connection with any
		

		
			merger or consolidation of such Affiliate shall be deemed
		

		
			excluded from the operation of this Section and shall not
		

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

		
			subjection of property of the Company to any mortgage, security
		

		
			interest, pledge or lien of the character referred to in
		

		
			clauses (1), (2), (3), (4) and (5) of Section 4.05 shall be
		

		
			deemed excluded from the operation of this Section and shall
		

		
			not require that any of the Securities be secured.
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE FIVE
		

		
			        Securityholders' Lists and Reports by the Company
		

		
			                         and the Trustee
		

		
			﻿
		

		
			     SECTION 5.01. The Company will furnish or cause to be
		

		
			furnished to the Trustee (a) semi-annually, not more than 15
		

		
			days after each regular record date (as defined in Section
		

		
			2.03) a list, in such form as the Trustee may reasonably
		

		
			require, of the names and addresses of the holders of each
		

		
			series of Securities as of such regular record date and (b) at
		

		
			such other times as the Trustee may request in writing, within
		

		
			30 days after the receipt by the Company of any such request, a
		

		
			list of similar form and content as of a date not more than 15
		

		
			days prior to the time such list is furnished; provided,
		

		
			however, no such list need be furnished for any series for
		

		

		

		 

 

		which the Trustee shall be the Security Registrar.
		

		
			﻿
		

		
			     SECTION 5.02. (a) The Trustee shall preserve, in as
		

		
			current a form as is reasonably practicable, all information as
		

		
			to the names and addresses of the holders of Securities
		

		
			contained in the most recent list furnished to it
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               18
		

		
			﻿
		

		
			﻿
		

		
			as provided in Section 5.01 and as to the names and addresses
		

		
			of holders of Securities received by the Trustee in its
		

		
			capacity as Security Registrar (if acting in such capacity).
		

		
			﻿
		

		
			     (b) The Trustee may destroy any list furnished to it as
		

		
			provided in Section 5.01 upon receipt of a new list so
		

		
			furnished.
		

		
			﻿
		

		
			     (c) In case three or more holders of Securities of a
		

		
			series (hereinafter referred to as "applicants") apply in
		

		
			writing to the Trustee, and furnish to the Trustee reasonable
		

		
			proof that each such applicant has owned a Security for a
		

		
			period of at least six months preceding the date of such
		

		
			application, and such application states that the applicants
		

		
			desire to communicate with other holders of Securities of such
		

		
			series or holders of all Securities with respect to their
		

		
			rights under this Indenture or under such Securities, and is
		

		
			accompanied by a copy of the form of proxy or other
		

		
			communication which such applicants propose to transmit, then
		

		
			the Trustee shall, within five business days after the receipt
		

		
			of such application, at its election, either
		

		
			﻿
		

		
			     (1) afford to such applicants access to the information
		

		
			     preserved at the time by the Trustee in accordance with
		

		
			     the provisions of subsection (a) of this Section, or
		

		
			﻿
		

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

		
			     holders of Securities of such series or of all Securities,
		

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

		
			     the information preserved at the time by the Trustee, in
		

		
			     accordance with the provisions of subsection (a) of this
		

		
			     Section, and as to the approximate cost of mailing to such
		

		
			     Securityholders the form of proxy or other communication,
		

		
			     if any, specified in such application.
		

		
			     
		

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

		
			applicants access to such information, the Trustee shall, upon
		

		
			the written request of such applicants, mail to each holder of
		

		
			such series or of all Securities, as the case may be, whose
		

		
			name and address appears in the information preserved at the
		

		
			time by the Trustee in accordance with the provisions of
		

		
			subsection (a) of this Section, a copy of the form of proxy or
		

		
			other communication which is specified in such request, with
		

		
			reasonable promptness after a tender to the Trustee of the
		

		

		

		 

 

		material to be mailed and of payment, or provision for the
		

		
			payment, of the reasonable expenses of mailing, unless within
		

		
			five days after such tender, the Trustee shall mail to such
		

		
			applicants and file with the Securities and Exchange
		

		
			Commission, together with a copy of the material to be mailed,
		

		
			a written statement to the effect that, in the opinion of the
		

		
			Trustee, such mailing would be contrary to the best interests
		

		
			of the holders of Securities of such series or of all
		

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

		
			applicable law. Such written statement shall specify the basis
		

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

		
			hearing upon the objections specified in the written statement
		

		
			so filed, shall enter an order refusing to sustain any of such
		

		
			objections or if, after the entry of an order sustaining one or
		

		
			more of such objections, said Commission shall find, after
		

		
			notice and opportunity for hearing, that all the objections so
		

		
			sustained have been met and shall enter an order so declaring,
		

		
			the Trustee shall mail copies of such material to all such
		

		
			Securityholders with reasonable promptness after the entry of
		

		
			such order and the renewal of such tender; otherwise the
		

		
			Trustee shall be relieved of any obligation or duty to such
		

		
			applicants respecting their application.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               19
		

		
			﻿
		

		
			﻿
		

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

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

		
			that neither the Company nor the Trustee nor any paying agent
		

		
			nor any Security Registrar shall be held accountable by reason
		

		
			of the disclosure of any such information as to the names and
		

		
			addresses of the holders of Securities in accordance with the
		

		
			provisions of subsection (b) of this Section, regardless of the
		

		
			source from which such information was derived, and that the
		

		
			Trustee shall not be held accountable by reason of mailing any
		

		
			material pursuant to a request made under said subsection (b).
		

		
			﻿
		

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

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

		
			to file the same with the Securities and Exchange Commission,
		

		
			copies of the annual reports and of the information, documents
		

		
			and other reports (or copies of such portions of any of the
		

		
			foregoing as said Commission may from time to time by rules and
		

		
			regulations prescribe) which the Company may be required to
		

		
			file with said Commission pursuant to Section 13 or Section
		

		
			15(d) of the Securities Exchange Act of 1934, as amended; or,
		

		
			if the Company is not required to file information, documents
		

		
			or reports pursuant to either of such sections, then to file
		

		
			with the Trustee and said Commission, in accordance with the
		

		
			rules and regulations prescribed from time to time by said
		

		
			Commission, such of the supplementary and periodic information,
		

		
			documents and reports which may be required pursuant to Section
		

		
			13 of the Securities Exchange Act of 1934, as amended, in
		

		
			respect of a security listed and registered on a national
		

		

		

		 

 

		securities exchange as may be prescribed from time to time in
		

		
			such rules and regulations.
		

		
			﻿
		

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

		
			Trustee and the Securities and Exchange Commission, in
		

		
			accordance with the rules and regulations prescribed from time
		

		
			to time by said Commission, such additional information,
		

		
			documents and reports with respect to compliance by the Company
		

		
			with the conditions and covenants provided for in this
		

		
			Indenture as may be required from time to time by such rules
		

		
			and regulations.
		

		
			﻿
		

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

		
			first class postage prepaid, or reputable over-night delivery
		

		
			service which provides for evidence of receipt, to the
		

		
			Securityholders, as their names and addresses appear upon the
		

		
			Security Register, within 30 days after the filing thereof with
		

		
			the Trustee, such summaries of any information, documents and
		

		
			reports required to be filed by the Company pursuant to
		

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

		
			rules and regulations prescribed from time to time by the
		

		
			Securities and Exchange Commission.
		

		
			﻿
		

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

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

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

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

		
			from time to time agree upon, a certificate from the principal
		

		
			executive officer, principal financial officer or principal
		

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

		
			compliance with all conditions and covenants under this
		

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

		
			shall be determined without regard to any period of grace or
		

		
			requirement of notice provided under this Indenture.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               20
		

		
			﻿
		

		
			﻿
		

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

		
			which any Securities are outstanding hereunder, the Trustee
		

		
			shall transmit by mail, first class postage prepaid, to the
		

		
			Securityholders, as their names and addresses appear upon the
		

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

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

		
			occurred within the previous twelve months (but if no such
		

		
			event has occurred within such period no report need be
		

		
			transmitted):
		

		
			﻿
		

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

		
			     its qualifications under Section 7.08;
		

		
			﻿
		

		

		

		 

 

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

		
			     relationship specified in paragraphs (1) through (10) of
		

		
			     subsection (c) of Section 7.08;
		

		
			     
		

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

		
			     Trustee elects so to state, the circumstances surrounding
		

		
			     the making thereof) made by the Trustee (as such) which
		

		
			     remain unpaid on the date of such report, and for the
		

		
			     reimbursement of which it claims or may claim a lien or
		

		
			     charge, prior to that of the Securities, on any property
		

		
			     or funds held or collected by it as Trustee if such
		

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

		
			     of the principal amount of the Securities outstanding on
		

		
			     the date of such report;
		

		
			     
		

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

		
			     date of all other indebtedness owing by the Company, or by
		

		
			     any other obligor on the Securities, to the Trustee in its
		

		
			     individual capacity, on the date of such report, with a
		

		
			     brief description of any property held as collateral
		

		
			     security therefor, except any indebtedness based upon a
		

		
			     creditor relationship arising in any manner described in
		

		
			     paragraphs (2), (3), (4), or (6) of subsection (b) of
		

		
			     Section 7.13;
		

		
			     
		

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

		
			     physically in the possession of the Trustee as such on the
		

		
			     date of such report;
		

		
			     
		

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

		
			     subject to the lien of this Indenture (and the
		

		
			     consideration thereof, if any) which it has not previously
		

		
			     reported;
		

		
			     
		

		
			     (7) any additional issue of Securities which the Trustee
		

		
			     has not previously reported; and
		

		
			     
		

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

		
			     its duties under this Indenture which it has not
		

		
			     previously reported and which in its opinion materially
		

		
			     affects the Securities or the Securities of any series,
		

		
			     except any action in respect of a default, notice of which
		

		
			     has been or is to be withheld by it in accordance with the
		

		
			     provisions of Section 6.07.
		

		
			     
		

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

		
			postage prepaid, to the Securityholders, as their names and
		

		
			addresses appear upon the Security Register, a brief report
		

		
			with respect to the character and amount of any advances (and
		

		
			if the Trustee elects so to state, the circumstances
		

		
			surrounding the making thereof) made by the Trustee as such
		

		
			since the date of the last report transmitted pursuant to the
		

		
			provisions of subsection (a) of
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			                               21
		

		
			﻿
		

		
			﻿
		

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

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

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

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

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

		
			previously reported pursuant to this subsection if such
		

		
			advances remaining unpaid at any time aggregate more than 10%
		

		
			of the principal amount of Securities of such series
		

		
			outstanding at such time, such report to be transmitted within
		

		
			90 days after such time.
		

		
			﻿
		

		
			     (c) A copy of each such report shall, at the time of such
		

		
			transmission to Securityholders, be filed by the Trustee with
		

		
			the Company, with each stock exchange upon which any Securities
		

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

		
			Exchange Commission. The Company agrees to notify the Trustee
		

		
			when any Securities become listed on any stock exchange.
		

		
			﻿
		

		
			﻿
		

		
			                           ARTICLE SIX
		

		
			           Remedies of the Trustee and Securityholders
		

		
			                       on Event of Default
		

		
			﻿
		

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

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

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

		
			continuing:
		

		
			﻿
		

		
			     (1) default in the payment of any installment of interest
		

		
			     upon any of the Securities of that series, as and when the
		

		
			     same shall become due and payable, and continuance of such
		

		
			     default for a period of 30 business days;
		

		
			     
		

		
			     (2) default in the payment of the principal of (or
		

		
			     premium, if any, on) any of the Securities of that series
		

		
			     as and when the same shall become due and payable whether
		

		
			     at maturity, upon redemption, by declaration or otherwise,
		

		
			     or in any payment required by any sinking or analogous
		

		
			     fund established with respect to that series;
		

		
			     
		

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

		
			     perform any other of the covenants or agreements on the
		

		
			     part of the Company with respect to that series contained
		

		
			     in such Securities or otherwise established with respect
		

		
			     to that series of Securities pursuant to Section 2.01
		

		
			     hereof or contained in this Indenture (other than a
		

		
			     covenant or agreement which has been expressly included in
		

		
			     this Indenture solely for the benefit of one or more
		

		
			     series of Securities other than such series) for a period
		

		
			     of 90 days after the date on which written notice of such
		

		
			     failure, requiring the same to be remedied and stating
		

		
			     that such notice is a "Notice of Default" hereunder, shall
		

		
			     have been given to the Company by the Trustee, by
		

		

		

		 

 

		     registered or certified mail, or to the Company and the
		

		
			     Trustee by the holders of at least 25% in principal amount
		

		
			     of the Securities of that series at the time outstanding;
		

		
			     
		

		
			     (4) a decree or order by a court having jurisdiction in
		

		
			     the premises shall have been entered adjudging the Company
		

		
			     a bankrupt or insolvent, or approving as properly filed a
		

		
			     petition seeking liquidation or reorganization of the
		

		
			     Company under the Federal Bankruptcy Code or any
		

		
			     
		

		
			     
		

		
			     
		

		
			     
		

		
			     
		

		
			                               22
		

		
			     
		

		
			     
		

		
			     other similar applicable Federal or State law, and such
		

		
			     decree or order shall have continued unvacated and
		

		
			     unstayed for a period of 90 days; or an involuntary case
		

		
			     shall be commenced under such Code in respect of the
		

		
			     Company and shall continue undismissed for a period of 90
		

		
			     days or an order for relief in such case shall have been
		

		
			     entered; or a decree or order of a court having
		

		
			     jurisdiction in the premises shall have been entered for
		

		
			     the appointment on the ground of insolvency or bankruptcy
		

		
			     of a receiver or custodian or liquidator or trustee or
		

		
			     assignee in bankruptcy or insolvency of the Company or of
		

		
			     its property, or for the winding up or liquidation of its
		

		
			     affairs, and such decree or order shall have remained in
		

		
			     force unvacated and unstayed for a period of 90 days; or
		

		
			     
		

		
			     (5) the Company shall institute proceedings to be
		

		
			     adjudicated a voluntary bankrupt, or shall consent to the
		

		
			     filing of a bankruptcy proceeding against it, or shall
		

		
			     file a petition or answer or consent seeking liquidation
		

		
			     or reorganization under the Federal Bankruptcy Code or any
		

		
			     other similar applicable Federal or State law, or shall
		

		
			     consent to the filing of any such petition, or shall
		

		
			     consent to the appointment on the ground of insolvency or
		

		
			     bankruptcy of a receiver or custodian or liquidator or
		

		
			     trustee or assignee in bankruptcy or insolvency of it or
		

		
			     of its property, or shall make an assignment for the
		

		
			     benefit of creditors.
		

		
			﻿
		

		
			     (b) In each and every such case, unless the principal of
		

		
			all the Securities of that series shall have already become due
		

		
			and payable, either the Trustee or the holders of not less than
		

		
			25% in aggregate principal amount of the Securities of that
		

		
			series then outstanding hereunder, by notice in writing to the
		

		
			Company (and to the Trustee if given by such Securityholders),
		

		
			may declare the principal of all the Securities of that series
		

		
			to be due and payable immediately, and upon any such
		

		
			declaration the same shall become and shall be immediately due
		

		
			and payable, anything contained in this Indenture or in the
		

		
			Securities of that series or established with respect to that
		

		
			series pursuant to Section 2.01 hereof to the contrary
		

		

		

		 

 

		notwithstanding.
		

		
			﻿
		

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

		
			that if, at any time after the principal of the Securities of
		

		
			that series shall have been so declared due and payable, and
		

		
			before any judgment or decree for the payment of the moneys due
		

		
			shall have been obtained or entered as hereinafter provided,
		

		
			the Company shall pay or shall deposit with the Trustee a sum
		

		
			sufficient to pay all matured installments of interest upon all
		

		
			the Securities of that series and the principal of (and
		

		
			premium, if any, on) any and all Securities of that series
		

		
			which shall have become due otherwise than by acceleration
		

		
			(with interest upon such principal and premium, if any, and, to
		

		
			the extent that such payment is enforceable under applicable
		

		
			law, upon overdue installments of interest, at the rate per
		

		
			annum expressed in the Securities of that series to the date of
		

		
			such payment or deposit) and the amount payable to the Trustee
		

		
			under Section 7.06, and any and all defaults under the
		

		
			Indenture, other than the nonpayment of principal on Securities
		

		
			of that series which shall not have become due by their terms,
		

		
			shall have been remedied or waived as provided in Section 6.06
		

		
			then and in every such case the holders of a majority in
		

		
			aggregate principal amount of the Securities of that series
		

		
			then outstanding, by written notice to the Company and to the
		

		
			Trustee, may rescind and annul such declaration and its
		

		
			consequences; but no such rescission and annulment shall extend
		

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

		
			right consequent thereon.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               23
		

		
			﻿
		

		
			﻿
		

		
			     (d) In case the Trustee shall have proceeded to enforce
		

		
			any right with respect to Securities of that series under this
		

		
			Indenture and such proceedings shall have been discontinued or
		

		
			abandoned because of such rescission or annulment or for any
		

		
			other reason or shall have been determined adversely to the
		

		
			Trustee, then and in every such case the Company and the
		

		
			Trustee shall be restored respectively to their former
		

		
			positions and rights hereunder, and all rights, remedies and
		

		
			powers of the Company and the Trustee shall continue as though
		

		
			no such proceedings had been taken.
		

		
			﻿
		

		
			     SECTION 6.02. (a) The Company covenants that (1) in case
		

		
			default shall be made in the payment of any installment of
		

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

		
			required by any sinking or analogous fund established with
		

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

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

		
			of 30 business days, or (2) in case default shall be made in
		

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

		
			the Securities of a series when the same shall have become due
		

		
			and payable, whether upon maturity of the Securities of a
		

		
			series or upon redemption or upon declaration or otherwise--
		

		

		

		 

 

		then, upon demand of the Trustee, the Company will pay to the
		

		
			Trustee, for the benefit of the holders of the Securities of
		

		
			that series, the whole amount that then shall have become due
		

		
			and payable on all such Securities for principal (and premium,
		

		
			if any) or interest, or both, as the case may be, with interest
		

		
			upon the overdue principal (and premium, if any) and (to the
		

		
			extent that payment of such interest is enforceable under
		

		
			applicable law) upon overdue installments of interest at the
		

		
			rate per annum expressed in the Securities of that series; and,
		

		
			in addition thereto, such further amount as shall be sufficient
		

		
			to cover the costs and expenses of collection, and the amount
		

		
			payable to the Trustee under Section 7.06.
		

		
			﻿
		

		
			     (b) In case the Company shall fail forthwith to pay such
		

		
			amounts upon such demand, the Trustee, in its own name and as
		

		
			trustee of an express trust, shall be entitled and empowered to
		

		
			institute any action or proceedings at law or in equity for the
		

		
			collection of the sums so due and unpaid, and may prosecute any
		

		
			such action or proceeding to judgment or final decree, and may
		

		
			enforce any such judgment or final decree against the Company
		

		
			or other obligor upon the Securities of that series and collect
		

		
			in the manner provided by law out of the property of the
		

		
			Company or other obligor upon the Securities of that series
		

		
			wherever situated the moneys adjudged or decreed to be payable.
		

		
			﻿
		

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

		
			bankruptcy, reorganization, readjustment, arrangement,
		

		
			composition or other judicial proceedings affecting the
		

		
			Company, any other obligor on such Securities, or the creditors
		

		
			or property of either, the Trustee shall have power to
		

		
			intervene in such proceedings and take any action therein that
		

		
			may be permitted by the court and shall (except as may be
		

		
			otherwise provided by law) be entitled to file such proofs of
		

		
			claim and other papers and documents as may be necessary or
		

		
			advisable in order to have the claims of the Trustee and of the
		

		
			holders of Securities of such series allowed for the entire
		

		
			amount due and payable by the Company or such other obligor
		

		
			under the Indenture at the date of institution of such
		

		
			proceedings and for any additional amount which may become due
		

		
			and payable by the Company or such other obligor after such
		

		
			date, and to collect and receive any moneys or other property
		

		
			payable or deliverable on any such claim, and to distribute the
		

		
			same after the deduction of the amount payable to the Trustee
		

		
			under Section 7.06; and any receiver, assignee or trustee in
		

		
			bankruptcy or reorganization is hereby authorized by each of
		

		
			the holders of Securities of such series to make such payments
		

		
			to the Trustee, and, in the event that the Trustee shall
		

		
			consent to the making of such payments directly to such
		

		
			Securityholders, to pay to the Trustee any amount due it under
		

		
			Section 7.06.
		

		
			﻿
		

		
			﻿
		

		
			                               24
		

		
			﻿
		

		
			﻿
		

		
			     (d) All rights of action and of asserting claims under
		

		
			this Indenture, or under any of the terms established with
		

		

		

		 

 

		respect to Securities of that series, may be enforced by the
		

		
			Trustee without the possession of any of such Securities, or
		

		
			the production thereof at any trial or other proceeding
		

		
			relative thereto, and any such suit or proceeding instituted by
		

		
			the Trustee shall be brought in its own name as trustee of an
		

		
			express trust, and any recovery of judgment shall, after
		

		
			provision for payment to the Trustee of any amounts due under
		

		
			Section 7.06, be for the ratable benefit of the holders of the
		

		
			Securities of such series.
		

		
			﻿
		

		
			     In case of an Event of Default hereunder the Trustee may
		

		
			in its discretion proceed to protect and enforce the rights
		

		
			vested in it by this Indenture by such appropriate judicial
		

		
			proceedings as the Trustee shall deem most effectual to protect
		

		
			and enforce any of such rights, either at law or in equity or
		

		
			in bankruptcy or otherwise, whether for the specific
		

		
			enforcement of any covenant or agreement contained in the
		

		
			Indenture or in aid of the exercise of any power granted in
		

		
			this Indenture, or to enforce any other legal or equitable
		

		
			right vested in the Trustee by this Indenture or by law.
		

		
			﻿
		

		
			     Nothing herein contained shall be deemed to authorize the
		

		
			Trustee to authorize or consent to or accept or adopt on behalf
		

		
			of any Securityholder any plan of reorganization, arrangement,
		

		
			adjustment or composition affecting the Securities of that
		

		
			series or the rights of any holder thereof or to authorize the
		

		
			Trustee to vote in respect of the claim of any Securityholder
		

		
			in any such proceeding.
		

		
			﻿
		

		
			     SECTION 6.03. Any moneys collected by the Trustee pursuant
		

		
			to Section 6.02 with respect to a particular series of
		

		
			Securities shall be applied in the order following, at the date
		

		
			or dates fixed by the Trustee and, in case of the distribution
		

		
			of such moneys on account of principal (or premium, if any) or
		

		
			interest, upon presentation of the several Securities of that
		

		
			series, and stamping thereon the payment, if only partially
		

		
			paid, and upon surrender thereof if fully paid:
		

		
			﻿
		

		
			     FIRST: To the payment of costs and expenses of collection
		

		
			     and of all amounts payable to the Trustee under Section
		

		
			     7.06;
		

		
			﻿
		

		
			     SECOND: To the payment of the amounts then due and unpaid
		

		
			     upon Securities of such series for principal (and premium,
		

		
			     if any) and interest, in respect of which or for the
		

		
			     benefit of which such money has been collected, ratably,
		

		
			     without preference or priority of any kind, according to
		

		
			     the amounts due and payable on such Securities for
		

		
			     principal (and premium, if any) and interest,
		

		
			     respectively.
		

		
			﻿
		

		
			     SECTION 6.04. No holder of any Security of any series
		

		
			shall have any right by virtue or by availing of any provision
		

		
			of this Indenture to institute any suit, action or proceeding
		

		
			in equity or at law upon or under or with respect to this
		

		
			Indenture or for the appointment of a receiver or trustee, or
		

		
			for any other remedy hereunder, unless such holder previously
		

		

		

		 

 

		shall have given to the Trustee written notice of an Event of
		

		
			Default and of the continuance thereof with respect to
		

		
			Securities of such series specifying such Event of Default, as
		

		
			hereinbefore provided, and unless also the holders of not less
		

		
			than 25% in aggregate principal amount of the Securities of
		

		
			such series then outstanding shall have made written request
		

		
			upon the Trustee to institute such action, suit or proceeding
		

		
			in its own name as trustee hereunder and shall have offered to
		

		
			the Trustee such reasonable indemnity as it may require against
		

		
			the costs, expenses and liabilities to be incurred therein or
		

		
			thereby, and the Trustee for 60 days after its receipt of such
		

		
			notice, request and offer of indemnity, shall have failed to
		

		
			institute any
		

		
			﻿
		

		
			﻿
		

		
			                               25
		

		
			﻿
		

		
			﻿
		

		
			such action, suit or proceeding; it being understood and
		

		
			intended, and being expressly covenanted by the taker and
		

		
			holder of every Security of such series with every other such
		

		
			taker and holder and the Trustee, that no one or more holders
		

		
			of Securities of such series shall have any right in any manner
		

		
			whatsoever by virtue or by availing of any provision of this
		

		
			Indenture to affect, disturb or prejudice the rights of the
		

		
			holders of any other of such Securities, or to obtain or seek
		

		
			to obtain priority over or preference to any other such holder,
		

		
			or to enforce any right under this Indenture, except in the
		

		
			manner herein provided and for the equal, ratable and common
		

		
			benefit of all holders of Securities of such series. For the
		

		
			protection and enforcement of the provisions of this Section,
		

		
			each and every Securityholder and the Trustee shall be entitled
		

		
			to such relief as can be given either at law or in equity.
		

		
			﻿
		

		
			     Notwithstanding any other provisions of this Indenture,
		

		
			however, the right of any holder of any Security to receive
		

		
			payment of the principal of (and premium, if any) and interest
		

		
			on such Security, as therein provided, on or after the
		

		
			respective due dates expressed in such Security (or in the case
		

		
			of redemption, on the redemption date), or to institute suit
		

		
			for the enforcement of any such payment on or after such
		

		
			respective dates or redemption date, shall not be impaired or
		

		
			affected without the consent of such holder.
		

		
			﻿
		

		
			     SECTION 6.05. (a) All powers and remedies given by this
		

		
			Article to the Trustee or to the Securityholders shall, to the
		

		
			extent permitted by law, be deemed cumulative and not exclusive
		

		
			of any others thereof or of any other powers and remedies
		

		
			available to the Trustee or the holders of the Securities, by
		

		
			judicial proceedings or otherwise, to enforce the performance
		

		
			or observance of the covenants and agreements contained in this
		

		
			Indenture or otherwise established with respect to such
		

		
			Securities.
		

		
			﻿
		

		
			     (b) No delay or omission of the Trustee or of any holder
		

		
			of any of the Securities to exercise any right or power
		

		
			accruing upon any Event of Default occurring and continuing as
		

		

		

		 

 

		aforesaid shall impair any such right or power, or shall be
		

		
			construed to be a waiver of any such default or an acquiescence
		

		
			therein; and, subject to the provisions of Section 6.04, every
		

		
			power and remedy given by this Article or by law to the Trustee
		

		
			or to the Securityholders may be exercised from time to time,
		

		
			and as often as shall be deemed expedient, by the Trustee or by
		

		
			the Securityholders.
		

		
			﻿
		

		
			     SECTION 6.06. The holders of a majority in aggregate
		

		
			principal amount of the Securities of any series at the time
		

		
			outstanding, determined in accordance with Section 8.04, shall
		

		
			have the right to direct the time, method and place of
		

		
			conducting any proceeding for any remedy available to the
		

		
			Trustee, or exercising any trust or power conferred on the
		

		
			Trustee with respect to such series; provided, however, that
		

		
			such direction shall not be in conflict with any rule of law or
		

		
			with this Indenture or unduly prejudicial to the rights of
		

		
			holders of Securities of any other series at the time
		

		
			outstanding determined in accordance with Section 8.04, not
		

		
			parties thereto. Subject to the provisions of Section 7.01, the
		

		
			Trustee shall have the right to decline to follow any such
		

		
			direction if the Trustee in good faith shall, by a responsible
		

		
			officer or officers of the Trustee, determine that the
		

		
			proceeding so directed would involve the Trustee in personal
		

		
			liability. The holders of a majority in aggregate principal
		

		
			amount of the Securities of any series at the time outstanding,
		

		
			determined in accordance with Section 8.04, may on behalf of
		

		
			the holders of all of the Securities of that series waive any
		

		
			past default in the performance of any of the covenants
		

		
			contained herein
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               26
		

		
			﻿
		

		
			﻿
		

		
			or established pursuant to Section 2.01 with respect to such
		

		
			series and its consequences, except a default in the payment of
		

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

		
			the Securities of that series as and when the same shall become
		

		
			due by the terms of such Securities or a call for redemption of
		

		
			Securities of that series.  Upon any such waiver, the default
		

		
			covered thereby shall be deemed to be cured for all purposes of
		

		
			this Indenture and the Company, the Trustee and the holders of
		

		
			the Securities of that series shall be restored to their former
		

		
			positions and rights hereunder, respectively; but no such
		

		
			waiver shall extend to any subsequent or other default or
		

		
			impair any right consequent thereon.
		

		
			﻿
		

		
			     SECTION 6.07. The Trustee shall, within 90 days after the
		

		
			occurrence of a default with respect to a particular series,
		

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

		
			of Securities of that series, as their names and addresses
		

		
			appear upon the Security Register, notice of all defaults with
		

		
			respect to that series known to the Trustee, unless such
		

		
			defaults shall have been cured before the giving of such notice
		

		

		

		 

 

		(the term "defaults" for the purposes of this Section being
		

		
			hereby defined to be the events specified in subsections (a),
		

		
			(b), (c), (d) and (e) of Section 6.01, not including any
		

		
			periods of grace provided for therein and irrespective of the
		

		
			giving of notice provided for by subsection (c) of Section
		

		
			6.01); provided, that, except in the case of default in the
		

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

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

		
			sinking fund installment established with respect to that
		

		
			series, the Trustee shall be protected in withholding such
		

		
			notice if and so long as the board of directors, the executive
		

		
			committee, or a trust committee of directors and/or responsible
		

		
			officers, of the Trustee in good faith determine that the
		

		
			withholding of such notice is in the interests of the
		

		
			Securityholders of Securities of that series; provided further,
		

		
			that in the case of any default of the character specified in
		

		
			Section 6.01(c) with respect to Securities of such series no
		

		
			such notice to the holders of the Securities of that series
		

		
			shall be given until at least 30 days after the occurrence
		

		
			thereof.
		

		
			﻿
		

		
			     The Trustee shall not be deemed to have knowledge of any
		

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

		
			(a)(2) of Section 6.01 as long as the Trustee is acting as
		

		
			paying agent for such series of Securities or (ii) any default
		

		
			as to which the Trustee shall have received written notice or a
		

		
			responsible officer charged with the administration of this
		

		
			Indenture shall have obtained actual knowledge.
		

		
			﻿
		

		
			     SECTION 6.08. All parties to this Indenture agree, and
		

		
			each holder of any Securities by his or her acceptance thereof
		

		
			shall be deemed to have agreed, that any court may in its
		

		
			discretion require, in any suit for the enforcement of any
		

		
			right or remedy under this Indenture, or in any suit against
		

		
			the Trustee for any action taken or omitted by it as Trustee,
		

		
			the filing by any party litigant in such suit of an undertaking
		

		
			to pay the costs of such suit, and that such court may in its
		

		
			discretion assess reasonable costs, including reasonable
		

		
			attorneys' fees, against any party litigant in such suit,
		

		
			having due regard to the merits and good faith of the claims or
		

		
			defenses made by such party litigant; but the provisions of
		

		
			this Section shall not apply to any suit instituted by the
		

		
			Trustee, to any suit instituted by any Securityholder, or group
		

		
			of Securityholders, holding more than 10% in aggregate
		

		
			principal amount of the outstanding Securities of any series,
		

		
			or to any suit instituted by any Securityholder for the
		

		
			enforcement of the payment of the principal of (or premium, if
		

		
			any) or interest on any Security of such series, on or after
		

		
			the respective due dates expressed in such Security or
		

		
			established pursuant to this Indenture.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               27
		

		
			﻿
		

		
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			                          ARTICLE SEVEN
		

		
			                     Concerning the Trustee
		

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

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

		
			after the curing of all Events of Default with respect to
		

		
			Securities of that series which may have occurred, shall
		

		
			undertake to perform with respect to Securities of such series
		

		
			such duties and only such duties as are specifically set forth
		

		
			in this Indenture, and no implied covenants shall be read into
		

		
			this Indenture against the Trustee. In case an Event of Default
		

		
			with respect to Securities of a series has occurred (which has
		

		
			not been cured or waived), the Trustee shall exercise with
		

		
			respect to Securities of that series such of the rights and
		

		
			powers vested in it by this Indenture, and use the same degree
		

		
			of care and skill in their exercise, as a prudent man would
		

		
			exercise or use under the circumstances in the conduct of his
		

		
			own affairs.
		

		
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			     (b) No provision of this Indenture shall be construed to
		

		
			relieve the Trustee from liability for its own negligent
		

		
			action, its own negligent failure to act, or its own willful
		

		
			misconduct, except that
		

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

		
			     respect to Securities of a series and after the curing or
		

		
			     waiving of all such Events of Default with respect to that
		

		
			     series which may have occurred:
		

		
			     
		

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

		
			     respect to Securities of such series be determined solely
		

		
			     by the express provisions of this Indenture, and the
		

		
			     Trustee shall not be liable with respect to Securities of
		

		
			     such series except for the performance of such duties and
		

		
			     obligations as are specifically set forth in this
		

		
			     Indenture, and no implied covenants or obligations shall
		

		
			     be read into this Indenture against the Trustee; and
		

		
			     
		

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

		
			     Trustee, the Trustee may with respect to Securities of
		

		
			     such series conclusively rely, as to the truth of the
		

		
			     statements and the correctness of the opinions expressed
		

		
			     therein, upon any certificates or opinions furnished to
		

		
			     the Trustee and conforming to the requirements of this
		

		
			     Indenture; but in the case of any such certificates or
		

		
			     opinions which by any provision hereof are specifically
		

		
			     required to be furnished to the Trustee, the Trustee shall
		

		
			     be under a duty to examine the same to determine whether
		

		
			     or not they conform to the requirements of this Indenture;
		

		
			     
		

		
			     (2) the Trustee shall not be liable for any error of
		

		
			     judgment made in good faith by a responsible officer or
		

		
			     responsible officers of the Trustee, unless it shall be
		

		
			     proved that the Trustee was negligent in ascertaining the
		

		
			     pertinent facts;
		

		
			     
		

		

		

		 

 

		     (3) the Trustee shall not be liable with respect to any
		

		
			     action taken or omitted to be taken by it in good faith in
		

		
			     accordance with the direction of the holders of not less
		

		
			     than a majority in principal amount of the Securities of
		

		
			     any series at the time outstanding relating to the time,
		

		
			     method and place of conducting any proceeding for any
		

		
			     remedy available to the Trustee, or exercising any trust
		

		
			     or power conferred upon the Trustee under this Indenture
		

		
			     with respect to the Securities of that series; and
		

		
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			     (4) None of the provisions contained in this Indenture
		

		
			     shall require the Trustee to expend or risk its own funds
		

		
			     or otherwise incur personal financial liability in the
		

		
			     performance of any of its duties or in the exercise of any
		

		
			     of its rights or powers, if there is reasonable ground for
		

		
			     believing that the repayment of such funds or liability is
		

		
			     not reasonably assured to it under the terms of this
		

		
			     Indenture or adequate indemnity against such risk is not
		

		
			     reasonably assured to it.
		

		
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			          SECTION 7.02. Except as otherwise provided in Section
		

		
			7.01:
		

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

		
			or refraining from acting upon any resolution, certificate,
		

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

		
			consent, order, approval, bond, security or other paper or
		

		
			document believed by it to be genuine and to have been signed
		

		
			or presented by the proper party or parties;
		

		
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			     (b) Any request, direction, order or demand of the Company
		

		
			mentioned herein shall be sufficiently evidenced by a Board
		

		
			Resolution or an instrument signed in the name of the Company
		

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

		
			an Assistant Secretary or the Treasurer or an Assistant
		

		
			Treasurer (unless other evidence in respect thereof is
		

		
			specifically prescribed herein);
		

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

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

		
			and complete authorization and protection in respect of any
		

		
			action taken or suffered or omitted hereunder in good faith and
		

		
			in reliance thereon;
		

		
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			     (d) The Trustee shall be under no obligation to exercise
		

		
			any of the rights or powers vested in it by this Indenture at
		

		
			the request, order or direction of any of the Securityholders,
		

		
			pursuant to the provisions of this Indenture, unless such
		

		
			Securityholders shall have offered to the Trustee reasonable
		

		
			security or indemnity against the costs, expenses and
		

		
			liabilities which may be incurred therein or thereby; nothing
		

		
			herein contained shall, however, relieve the Trustee of the
		

		

		

		 

 

		obligation, upon the occurrence of an Event of Default with
		

		
			respect to a series of the Securities (which has not been cured
		

		
			or waived) to exercise with respect to Securities of that
		

		
			series such of the rights and powers vested in it by this
		

		
			Indenture, and to use the same degree of care and skill in
		

		
			their exercise, as a prudent man would exercise or use under
		

		
			the circumstances in the conduct of his own affairs;
		

		
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			     (e) The Trustee shall not be liable for any action taken
		

		
			or omitted to be taken by it in good faith and believed by it
		

		
			to be authorized or within the discretion or rights or powers
		

		
			conferred upon it by this Indenture;
		

		
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			     (f) The Trustee shall not be bound to make any
		

		
			investigation into the facts or matters stated in any
		

		
			resolution, certificate, statement, instrument, opinion,
		

		
			report, notice, request, consent, order, approval, bond,
		

		
			security, or other papers or documents, unless requested in
		

		
			writing so to do by the holders of not less than a majority in
		

		
			principal amount of the outstanding Securities of the
		

		
			particular series affected thereby (determined as provided in
		

		
			Section 8.04); provided, however, that if the payment within a
		

		
			reasonable time to the Trustee of the costs, expenses or
		

		
			liabilities likely to be incurred by it in the making of such
		

		
			investigation is, in the opinion of the Trustee, not reasonably
		

		
			assured to the Trustee by the security afforded to it by the
		

		
			terms of this Indenture, the Trustee may require reasonable
		

		
			indemnity against such costs, expenses or liabilities as a
		

		
			condition to so proceeding.  The reasonable expense of every
		

		
			such examination shall be paid by the Company or, if paid by
		

		
			the Trustee, shall be repaid by the Company upon demand; and
		

		
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			     (g) The Trustee may execute any of the trusts or powers
		

		
			hereunder or perform any duties hereunder either directly or by
		

		
			or through agents or attorneys and the Trustee shall not be
		

		
			responsible for any misconduct or negligence on the part of any
		

		
			agent or attorney appointed with due care by it hereunder.
		

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

		
			Securities (other than the Certificate of Authentication on the
		

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

		
			and the Trustee assumes no responsibility for the correctness
		

		
			of the same.
		

		
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			     (b) The Trustee makes no representations as to the
		

		
			validity or sufficiency of this Indenture or of the Securities.
		

		
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			     (c) The Trustee shall not be accountable for the use or
		

		
			application by the Company of any of the Securities or of the
		

		
			proceeds of such Securities, or for the use or application of
		

		
			any moneys paid over by the Trustee in accordance with any
		

		
			provision of this Indenture or established pursuant to Section
		

		
			2.01, or for the use or application of any moneys received by
		

		

		

		 

 

		any paying agent other than the Trustee.
		

		
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			     SECTION 7.04. The Trustee or any paying agent or Security
		

		
			Registrar, in its individual or any other capacity, may become
		

		
			the owner or pledgee of Securities with the same rights it
		

		
			would have if it were not Trustee, paying agent or Security
		

		
			Registrar.
		

		
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			     SECTION 7.05. Subject to the provisions of Section 11.05,
		

		
			all moneys received by the Trustee shall, until used or applied
		

		
			as herein provided, be held in trust for the purposes for which
		

		
			they were received, but need not be segregated from other funds
		

		
			except to the extent required by law. The Trustee shall be
		

		
			under no liability for interest on any moneys received by it
		

		
			hereunder except such as it may agree with the Company to pay
		

		
			thereon.
		

		
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			     SECTION 7.06. (a) The Company covenants and agrees to pay
		

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

		
			entitled to, reasonable compensation (which shall not be
		

		
			limited by any provision of law in regard to the compensation
		

		
			of a trustee of an express trust) for all services rendered by
		

		
			it in the execution of the trusts hereby created and in the
		

		
			exercise and performance of any of the powers and duties
		

		
			hereunder of the Trustee, and the Company will pay or reimburse
		

		
			the Trustee upon its request for all reasonable expenses,
		

		
			disbursements and advances incurred or made by the Trustee in
		

		
			accordance with any of the provisions of this Indenture
		

		
			(including the reasonable compensation and the expenses and
		

		
			disbursements of its counsel (including in-house counsel) and
		

		
			of all persons not regularly in its employ) except any such
		

		
			expense, disbursement or advance as may arise from its
		

		
			negligence or bad faith. The Company also covenants to
		

		
			indemnify the Trustee (and its officers, agents, directors and
		

		
			employees) for, and to hold it harmless against, any loss,
		

		
			liability or expense incurred without negligence or bad faith
		

		
			on the part of the Trustee and arising out of or in connection
		

		
			with the acceptance or administration of this trust, including
		

		
			the costs and expenses of defending itself against any claim of
		

		
			liability in the premises.
		

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

		
			compensate and indemnify the Trustee and to pay or reimburse
		

		
			the Trustee for expenses, disbursements and advances shall
		

		
			constitute additional indebtedness hereunder. Such additional
		

		
			indebtedness shall be secured by a lien prior to that of the
		

		
			Securities upon all property and funds held or collected by the
		

		
			Trustee as such, except funds held in trust for the benefit of
		

		
			the holders of particular Securities.
		

		
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			     SECTION 7.07. Except as otherwise provided in Section
		

		
			7.01, whenever in the administration of the provisions of this
		

		
			Indenture the Trustee shall deem it necessary or desirable that
		

		
			a matter be proved or established prior to taking or suffering
		

		

		

		 

 

		or omitting to take any action hereunder, such matter (unless
		

		
			other evidence in respect thereof be herein specifically
		

		
			prescribed) may, in the absence of negligence or bad faith on
		

		
			the part of the Trustee, be deemed to be conclusively proved
		

		
			and established by an Officers' Certificate delivered to the
		

		
			Trustee and such certificate, in the absence of negligence or
		

		
			bad faith on the part of the Trustee, shall be full warrant to
		

		
			the Trustee for any action taken, suffered or omitted to be
		

		
			taken by it under the provisions of this Indenture upon the
		

		
			faith thereof.
		

		
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			     SECTION 7.08. (a) If the Trustee has or shall acquire any
		

		
			conflicting interest, as defined in this Section, with respect
		

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

		
			such conflicting interest relates has not been cured, duly
		

		
			waived or otherwise eliminated, within 90 days after
		

		
			ascertaining that it has such conflicting interest, it shall
		

		
			either eliminate such conflicting interest, except as otherwise
		

		
			provided herein, or resign with respect to the Securities of
		

		
			that series in the manner and with the effect specified in
		

		
			Section 7.10 and the Company shall promptly appoint a successor
		

		
			Trustee in the manner provided herein.
		

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

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

		
			respect to the Securities of any series the Trustee shall,
		

		
			within ten days after the expiration of such 90-day period,
		

		
			transmit notice of such failure by mail, first class postage
		

		
			prepaid, to the Securityholders of that series as their names
		

		
			and addresses appear upon the registration books.
		

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

		
			deemed to have a conflicting interest with respect to the
		

		
			Securities of any series if a Default has occurred and is
		

		
			continuing and:
		

		
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			     (1) the Trustee is trustee under this Indenture with
		

		
			     respect to the outstanding Securities of any series other
		

		
			     than that series, or is trustee under another indenture
		

		
			     under which any other securities, or certificates of
		

		
			     interest or participation in any other securities, of the
		

		
			     Company are outstanding, unless such other indenture is a
		

		
			     collateral trust indenture under which the only collateral
		

		
			     consists of Securities issued under this Indenture;
		

		
			     provided that there shall be excluded from the operation
		

		
			     of this paragraph the Securities of any series other than
		

		
			     that series and any other indenture or indentures under
		

		
			     which other securities, or certificates of interest or
		

		
			     participation in other securities, of the Company are
		

		
			     outstanding if (i) this Indenture and such other indenture
		

		
			     or indentures and all series of securities issuable
		

		
			     thereunder are wholly unsecured and rank equally and such
		

		
			     other indenture or indentures (and such series) are
		

		
			     hereafter qualified under the Trust Indenture Act of 1939,
		

		
			     as amended, unless the Securities and Exchange Commission
		

		
			     shall have found and declared by order pursuant to
		

		
			     subsection (b) of Section 305 or subsection (c) of Section
		

		

		

		 

 

		     307 of the Trust Indenture Act of 1939, as amended, that
		

		
			     differences exist between (A) the provisions of this
		

		
			     Indenture with respect to Securities of that series and
		

		
			     with respect to one or more other series or (B) the
		

		
			     provisions of this Indenture and the provisions of such
		

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

		
			     so likely to involve a material conflict of interest as to
		

		
			     make it necessary in the public interest or for the
		

		
			     protection of
		

		
			     
		

		
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			     investors to disqualify the Trustee from acting as such
		

		
			     under this Indenture with respect to the Securities of
		

		
			     that series and such other series or such other indenture
		

		
			     or indentures, or (ii) the Company shall have sustained
		

		
			     the burden of proving, on application to the Securities
		

		
			     and Exchange Commission and after opportunity for hearing
		

		
			     thereon, that the trusteeship under this Indenture with
		

		
			     respect to Securities of that series and such other series
		

		
			     or such other indenture or indentures is not so likely to
		

		
			     involve a material conflict of interest as to make it
		

		
			     necessary in the public interest or for the protection of
		

		
			     investors to disqualify the Trustee from acting as such
		

		
			     under this Indenture with respect to Securities of that
		

		
			     series and such other series or under such other
		

		
			     indentures;
		

		
			     
		

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

		
			     officers is an underwriter for the Company;
		

		
			     
		

		
			     (3) the Trustee directly or indirectly controls or is
		

		
			     directly or indirectly controlled by or is under direct or
		

		
			     indirect common control with or an underwriter for the
		

		
			     Company;
		

		
			     
		

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

		
			     officers is a director, officer, partner, employee,
		

		
			     appointee or representative of the Company, or of an
		

		
			     underwriter (other than the Trustee itself) for the
		

		
			     Company who is currently engaged in the business of
		

		
			     underwriting, except that (A) one individual may be a
		

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

		
			     director and/or an executive officer of the Company, but
		

		
			     may not be at the same time an executive officer of both
		

		
			     the Trustee and the Company; (B) if and so long as the
		

		
			     number of directors of the Trustee in office is more than
		

		
			     nine, one additional individual may be a director and/or
		

		
			     an executive officer of the Trustee and a director of the
		

		
			     Company; and (C) the Trustee may be designated by the
		

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

		
			     capacity of transfer agent, registrar, custodian, paying
		

		
			     agent, fiscal agent, escrow agent, or depository, or in
		

		

		

		 

 

		     any other similar capacity, or, subject to the provisions
		

		
			     of paragraph (1) of this subsection (c), to act as trustee
		

		
			     whether under an indenture or otherwise;
		

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

		
			     beneficially owned either by the Company or by any
		

		
			     director, partner, or executive officer thereof, or 20% or
		

		
			     more of such voting securities is beneficially owned,
		

		
			     collectively, by any two or more of such persons; or 10%
		

		
			     or more of the voting securities of the Trustee is
		

		
			     beneficially owned either by an underwriter for the
		

		
			     Company or by any director, partner, or executive officer
		

		
			     thereof, or is beneficially owned, collectively, by any
		

		
			     two or more such persons;
		

		
			     
		

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

		
			     collateral security for an obligation which is in default
		

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

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

		
			     class of security, of the Company, not including the
		

		
			     Securities issued under this Indenture and securities
		

		
			     issued under any other indenture under which the Trustee
		

		
			     is also trustee, or (B) 10% or more of any class of
		

		
			     security of an underwriter for the Company;
		

		
			     
		

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

		
			     collateral security for an obligation which is in default
		

		
			     (as hereinafter in this subsection (c) defined), 5% or
		

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

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

		
			     securities of, or controls directly or indirectly or is
		

		
			     under direct or indirect common control with, the Company;
		

		
			     
		

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

		
			     collateral security for an obligation which is in default
		

		
			     (as hereinafter in this subsection (c) defined), 10% or
		

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

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

		
			     securities of the Company;
		

		
			     
		

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

		
			     Securities of any series or any anniversary of such
		

		
			     Default while such Default upon the Securities issued
		

		
			     under this Indenture remains outstanding, in the capacity
		

		
			     of executor, administrator, testamentary or inter vivos
		

		
			     trustee, guardian, committee or conservator, or in any
		

		
			     other similar capacity, an aggregate of 25% or more of the
		

		
			     voting securities, or of any class of security, of any
		

		

		

		 

 

		     person, the beneficial ownership of a specified percentage
		

		
			     of which would have constituted a conflicting interest
		

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

		
			     As to any such securities of which the Trustee acquired
		

		
			     ownership through becoming executor, administrator or
		

		
			     testamentary trustee of an estate which include them, the
		

		
			     provisions of the preceding sentence shall not apply, for
		

		
			     a period of two years from the date of such acquisition,
		

		
			     to the extent that such securities included in such estate
		

		
			     do not exceed 25% of such voting securities or 25% of any
		

		
			     such class of security. Promptly after the dates of any
		

		
			     such Default upon the Securities issued under this
		

		
			     Indenture and annually in each succeeding year that the
		

		
			     Securities issued under this Indenture remain in Default,
		

		
			     the Trustee shall make a check of its holding of such
		

		
			     securities in any of the above-mentioned capacities as of
		

		
			     such dates. If the Company fails to make payment in full
		

		
			     of principal of or interest on any of the Securities when
		

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

		
			     continues for 30 days thereafter, the Trustee shall make a
		

		
			     prompt check of its holding of such securities in any of
		

		
			     the above-mentioned capacities as of the date of the
		

		
			     expiration of such 30-day period, and after such date,
		

		
			     notwithstanding the foregoing provisions of this paragraph
		

		
			     (9), all such securities so held by the Trustee, with sole
		

		
			     or joint control over such securities vested in it, shall,
		

		
			     but only so long as such failure shall continue, be
		

		
			     considered as though beneficially owned by the Trustee for
		

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

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

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

		
			     subsection (b) of Section 7.13 the Trustee shall be or
		

		
			     shall become a creditor of the Company.
		

		
			﻿
		

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

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

		
			means a series, class or group of securities issuable under an
		

		
			indenture pursuant to whose terms holders of one such series
		

		
			may vote to direct the indenture trustee, or otherwise take
		

		
			action pursuant to a vote of such holders, separately from
		

		
			holders of another such series; provided, that "series of
		

		
			securities" or "series" shall not include any series of
		

		
			securities issuable under an indenture if all such series rank
		

		
			equally and are wholly unsecured.
		

		
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			                               33
		

		
			     
		

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

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

		
			indicating that the ownership of such percentages of the
		

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

		
			constitute direct or indirect control for the purposes of
		

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

		

		

		 

 

		﻿
		

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

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

		
			"securities" shall include only such securities as are
		

		
			generally known as corporate securities, but shall not include
		

		
			any note or other evidence of indebtedness issued to evidence
		

		
			an obligation to repay moneys lent to a person by one or more
		

		
			banks, trust companies or banking firms, or any certificate of
		

		
			interest or participation in any such note or evidence of
		

		
			indebtedness; (B) an obligation shall be deemed to be in
		

		
			"default" when a default in payment of principal shall have
		

		
			continued for 30 days or more and shall not have been cured;
		

		
			and (C) the Trustee shall not be deemed to be the owner or
		

		
			holder of (i) any security which it holds as collateral
		

		
			security (as trustee or otherwise) for any obligation which is
		

		
			not in default as defined in clause (B) above, or (ii) any
		

		
			security which it holds as collateral security under this
		

		
			Indenture, irrespective of any Default hereunder, or (iii) any
		

		
			security which it holds as agent for collection, or as
		

		
			custodian, escrow agent or depositary, or in any similar
		

		
			representative capacity.
		

		
			﻿
		

		
			     Except as above provided, the word "security" or
		

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

		
			stock, treasury stock, bond, debenture, evidence of
		

		
			indebtedness, certificate of interest or participation in any
		

		
			profit-sharing agreement, collateral-trust certificate, pre-
		

		
			organization certificate or subscription, transferable share,
		

		
			investment contract, voting-trust certificate, certificate of
		

		
			deposit for a security, fractional undivided interest in oil,
		

		
			gas, or other mineral rights, or, in general, any interest or
		

		
			instrument commonly known as a "security", or any certificate
		

		
			of interest or participation in, temporary or interim
		

		
			certificate for, receipt for, guarantee of, or warrant or right
		

		
			to subscribe to or purchase, any of the foregoing.
		

		
			﻿
		

		
			     (d) For the purposes of this Section:
		

		
			﻿
		

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

		
			     to the Company shall mean every person, who, within one
		

		
			     year prior to the time as of which the determination is
		

		
			     made, has purchased from the Company with a view to, or
		

		
			     has offered or sold for the Company in connection with,
		

		
			     the distribution of any security of the Company
		

		
			     outstanding at such time, or has participated or has had a
		

		
			     direct or indirect participation in any such undertaking,
		

		
			     or has participated or has had a participation in the
		

		
			     direct or indirect underwriting of any such undertaking,
		

		
			     but such term shall not include a person whose interest
		

		
			     was limited to a commission from an underwriter or dealer
		

		
			     not in excess of the usual and customary distributors' or
		

		
			     sellers' commission.
		

		
			     
		

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

		
			     board of directors of a corporation or any individual
		

		
			     performing similar functions with respect to any
		

		
			     organization whether incorporated or unincorporated.
		

		

		

		 

 

		     
		

		
			     
		

		
			     
		

		
			     
		

		
			     
		

		
			     
		

		
			﻿
		

		
			                               34
		

		
			     
		

		
			     
		

		
			     
		

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

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

		
			     company, a trust, an unincorporated organization or a
		

		
			     government or political subdivision thereof.  As used in
		

		
			     this paragraph, the term "trust" shall include only a
		

		
			     trust where the interest or interests of the beneficiary
		

		
			     or beneficiaries are evidenced by a security.
		

		
			     
		

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

		
			     security presently entitling the owner or holder thereof
		

		
			     to vote in the direction or management of the affairs of a
		

		
			     person, or any security issued under or pursuant to any
		

		
			     trust, agreement or arrangement whereby a trustee or
		

		
			     trustees or agent or agents for the owner or holder of
		

		
			     such security are presently entitled to vote in the
		

		
			     direction or management of the affairs of a person.
		

		
			     
		

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

		
			     the Securities.
		

		
			     
		

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

		
			     president, every vice president, every assistant vice
		

		
			     president, every trust officer, the cashier, the
		

		
			     secretary, and the treasurer of a corporation, and any
		

		
			     individual customarily performing similar functions with
		

		
			     respect to any organization whether incorporated or
		

		
			     unincorporated, but shall not include the chairman of the
		

		
			     board of directors.
		

		
			﻿
		

		
			     (e) The percentages of voting securities and other
		

		
			securities specified in this Section shall be calculated in
		

		
			accordance with the following provisions:
		

		
			﻿
		

		
			          (1) A specified percentage of the voting securities
		

		
			     of the Trustee, the Company or any other person referred
		

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

		
			     "person" in this paragraph) means such amount of the
		

		
			     outstanding voting securities of such person as entitles
		

		
			     the holder or holders thereof to cast such specified
		

		
			     percentage of the aggregate votes which the holders of all
		

		
			     the outstanding voting securities of such person are
		

		
			     entitled to cast in the direction or management of the
		

		
			     affairs of such person.
		

		
			     
		

		
			          (2) A specified percentage of a class of securities
		

		
			     of a person means such percentage of the aggregate amount
		

		

		

		 

 

		     of securities of the class outstanding.
		

		
			     
		

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

		
			     securities, means the principal amount if relating to
		

		
			     evidences of indebtedness, the number of shares if
		

		
			     relating to capital shares, and the number of units if
		

		
			     relating to any other kind of security.
		

		
			     
		

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

		
			     by or for the account of the issuer. The following
		

		
			     securities shall not be deemed outstanding within the
		

		
			     meaning of this definition:
		

		
			﻿
		

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

		
			       relating to securities of the issuer of the same class,
		

		
			       
		

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

		
			       relating to another class of securities of the issuer,
		

		
			       if the obligation evidenced by such other class of
		

		
			       securities is not in default as to principal or interest
		

		
			       or otherwise,
		

		
			       
		

		
			                                
		

		
			                                
		

		
			                               35
		

		
			     
		

		
			     
		

		
			       (iii) securities pledged by the issuer thereof as
		

		
			       security for an obligation of the issuer not in default
		

		
			       as to principal or interest or otherwise,
		

		
			       
		

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

		
			       the issuer thereof.
		

		
			     
		

		
			Provided, however, that any voting securities of an issuer
		

		
			shall be deemed outstanding if any person other than the issuer
		

		
			is entitled to exercise the voting rights thereof.
		

		
			﻿
		

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

		
			     class as another security if both securities confer upon
		

		
			     the holder or holders thereof substantially the same
		

		
			     rights and privileges; provided, however, that, in the
		

		
			     case of secured evidences of indebtedness, all of which
		

		
			     are issued under a single indenture, differences in the
		

		
			     interest rates or maturity dates of various series thereof
		

		
			     shall not be deemed sufficient to constitute such series
		

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

		
			     case of unsecured evidences of indebtedness, differences
		

		
			     in the interest rates or maturity dates thereof shall not
		

		
			     be deemed sufficient to constitute them securities of
		

		
			     different classes, whether or not they are issued under a
		

		
			     single indenture.
		

		
			     
		

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

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

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

		
			or analogous fund installment, the Trustee shall not be
		

		

		

		 

 

		required to resign as provided by this Section 7.08 if such
		

		
			Trustee shall have sustained the burden of proving, on
		

		
			application to the Securities and Exchange Commission and after
		

		
			opportunity for hearing thereon, that (i) the default under the
		

		
			Indenture may be cured or waived during a reasonable period and
		

		
			under the procedures described in such application and (ii) a
		

		
			stay of the Trustee's duty to resign will not be inconsistent
		

		
			with the interests of Securityholders.  The filing of such an
		

		
			application shall automatically stay the performance of the
		

		
			duty to resign until the Securities and Exchange Commission
		

		
			orders otherwise.
		

		
			﻿
		

		
			     Any resignation of the Trustee shall become effective only
		

		
			upon the appointment of a successor trustee and such
		

		
			successor's acceptance of such an appointment.
		

		
			﻿
		

		
			     SECTION 7.09. There shall at all times be a Trustee with
		

		
			respect to the Securities issued hereunder which shall at all
		

		
			times be a corporation organized and doing business under the
		

		
			laws of the United States of America or any State or Territory
		

		
			thereof or of the District of Columbia, or a corporation or
		

		
			other person permitted to act as trustee by the Securities and
		

		
			Exchange Commission, authorized under such laws to exercise
		

		
			corporate trust powers, having a combined capital and surplus
		

		
			of at least 50 million dollars, and subject to supervision or
		

		
			examination by Federal, State, Territorial, or District of
		

		
			Columbia authority. If such corporation publishes reports of
		

		
			condition at least annually, pursuant to law or to the
		

		
			requirements of the aforesaid supervising or examining
		

		
			authority, then for the purposes of this Section, the combined
		

		
			capital and surplus of such corporation shall be deemed to be
		

		
			its combined capital and surplus as set forth in its most
		

		
			recent report of condition so published. The Company may not,
		

		
			nor may any person directly or indirectly controlling,
		

		
			controlled by, or under common control with the Company, serve
		

		
			as Trustee. In case at any time the Trustee shall cease to be
		

		
			eligible in accordance with the provisions of this Section, the
		

		
			Trustee shall resign immediately in the manner and with the
		

		
			effect specified in Section 7.10.
		

		
			﻿
		

		
			﻿
		

		
			                               36
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 7.10. (a) The Trustee or any successor hereafter
		

		
			appointed, may at any time resign with respect to the
		

		
			Securities of one or more series by giving written notice
		

		
			thereof to the Company and by transmitting notice of
		

		
			resignation by mail, first class postage prepaid, to the
		

		
			Securityholders of such series, as their names and addresses
		

		
			appear upon the Security Register. Upon receiving such notice
		

		
			of resignation, the Company shall promptly appoint a successor
		

		
			trustee with respect to Securities of such series by written
		

		
			instrument, in duplicate, executed by order of the Board of
		

		
			Directors, one copy of which instrument shall be delivered to
		

		
			the resigning Trustee and one copy to the successor trustee. If
		

		

		

		 

 

		no successor trustee shall have been so appointed and have
		

		
			accepted appointment within 30 days after the mailing of such
		

		
			notice of resignation, the resigning Trustee may petition any
		

		
			court of competent jurisdiction for the appointment of a
		

		
			successor trustee with respect to Securities of such series, or
		

		
			any Securityholder of that series who has been a bona fide
		

		
			holder of a Security or Securities for at least six months may,
		

		
			subject to the provisions of Section 6.08, on behalf of himself
		

		
			and all others similarly situated, petition any such court for
		

		
			the appointment of a successor trustee. Such court may
		

		
			thereupon after such notice, if any, as it may deem proper and
		

		
			prescribe, appoint a successor trustee.
		

		
			﻿
		

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

		
			﻿
		

		
			          (1) the Trustee shall fail to comply with the
		

		
			     provisions of subsection (a) of Section 7.08 after written
		

		
			     request therefor by the Company or by any Securityholder
		

		
			     who has been a bona fide holder of a Security or
		

		
			     Securities for at least six months, or
		

		
			﻿
		

		
			          (2) the Trustee shall cease to be eligible in
		

		
			     accordance with the provisions of Section 7.09 and shall
		

		
			     fail to resign after written request therefor by the
		

		
			     Company or by any such Securityholder of Securities, or
		

		
			     
		

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

		
			     shall be adjudged a bankrupt or insolvent, or a receiver
		

		
			     of the Trustee or of its property shall be appointed, or
		

		
			     any public officer shall take charge or control of the
		

		
			     Trustee or of its property or affairs for the purpose of
		

		
			     rehabilitation, conservation or liquidation,
		

		
			     
		

		
			then, in any such case, the Company may remove the Trustee with
		

		
			respect to all Securities and appoint a successor trustee by
		

		
			written instrument, in duplicate, executed by order of the
		

		
			Board of Directors, one copy of which instrument shall be
		

		
			delivered to the Trustee so removed and one copy to the
		

		
			successor trustee, or, subject to the provisions of Section
		

		
			6.08, unless the Trustee's duty to resign is stayed as provided
		

		
			herein, any Securityholder who has been a bona fide holder of a
		

		
			Security or Securities for at least six months may, on behalf
		

		
			of himself and all others similarly situated, petition any
		

		
			court of competent jurisdiction for the removal of the Trustee
		

		
			and the appointment of a successor trustee. Such court may
		

		
			thereupon after such notice, if any, as it may deem proper and
		

		
			prescribe, remove the Trustee and appoint a successor trustee.
		

		
			﻿
		

		
			     (c) The holders of a majority in aggregate principal
		

		
			amount of the Securities of any series at the time outstanding
		

		
			may at any time remove the Trustee with respect to such series
		

		
			and appoint a successor trustee.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			                               37
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     (d) Any resignation or removal of the Trustee and
		

		
			appointment of a successor trustee with respect to the
		

		
			Securities of a series pursuant to any of the provisions of
		

		
			this Section shall become effective upon acceptance of
		

		
			appointment by the successor trustee as provided in Section
		

		
			7.11.
		

		
			﻿
		

		
			     (e) Any successor trustee appointed pursuant to this
		

		
			Section may be appointed with respect to the Securities of one
		

		
			or more series or all of such series, and at any time there
		

		
			shall be only one Trustee with respect to the Securities of any
		

		
			particular series.
		

		
			﻿
		

		
			     SECTION 7.11. (a) In case of the appointment hereunder of
		

		
			a successor trustee with respect to all Securities, every such
		

		
			successor trustee so appointed shall execute, acknowledge and
		

		
			deliver to the Company and to the retiring Trustee an
		

		
			instrument accepting such appointment, and thereupon the
		

		
			resignation or removal of the retiring Trustee shall become
		

		
			effective and such successor trustee, without any further act,
		

		
			deed or conveyance, shall become vested with all the rights,
		

		
			powers, trusts and duties of the retiring Trustee; but, on the
		

		
			request of the Company or the successor trustee, such retiring
		

		
			Trustee shall, upon payment of its charges, execute and deliver
		

		
			an instrument transferring to such successor trustee all the
		

		
			rights, powers, and trusts of the retiring Trustee and shall
		

		
			duly assign, transfer and deliver to such successor trustee all
		

		
			property and money held by such retiring Trustee hereunder.
		

		
			﻿
		

		
			     (b) In case of the appointment hereunder of a successor
		

		
			trustee with respect to the Securities of one or more (but not
		

		
			all) series, the Company, the retiring Trustee and each
		

		
			successor trustee with respect to the Securities of one or more
		

		
			series shall execute and deliver an indenture supplemental
		

		
			hereto wherein each successor trustee shall accept such
		

		
			appointment and which (1) shall contain such provisions as
		

		
			shall be necessary or desirable to transfer and confirm to, and
		

		
			to vest in, each successor trustee all the rights, powers,
		

		
			trusts and duties of the retiring Trustee with respect to the
		

		
			Securities of that or those series to which the appointment of
		

		
			such successor trustee relates, (2) shall contain such
		

		
			provisions as shall be deemed necessary or desirable to confirm
		

		
			that all the rights, powers, trusts and duties of the retiring
		

		
			Trustee with respect to the Securities of that or those series
		

		
			as to which the retiring Trustee is not retiring shall continue
		

		
			to be vested in the retiring Trustee, and (3) shall add to or
		

		
			change any of the provisions of this Indenture as shall be
		

		
			necessary to provide for or facilitate the administration of
		

		
			the trusts hereunder by more than one Trustee, it being
		

		
			understood that nothing herein or in such supplemental
		

		
			indenture shall constitute such Trustees co-trustees of the
		

		
			same trust, that each such Trustee shall be trustee of a trust
		

		

		

		 

 

		or trusts hereunder separate and apart from any trust or trusts
		

		
			hereunder administered by any other such Trustee and that no
		

		
			Trustee shall be responsible for any act or failure to act on
		

		
			the part of any other Trustee hereunder; and upon the execution
		

		
			and delivery of such supplemental indenture the resignation or
		

		
			removal of the retiring Trustee shall become effective to the
		

		
			extent provided therein, such retiring Trustee shall with
		

		
			respect to the Securities of that or those series to which the
		

		
			appointment of such successor trustee relates have no further
		

		
			responsibility for the exercise of rights and powers or for the
		

		
			performance of the duties and obligations vested in the Trustee
		

		
			under this Indenture, and each such successor trustee, without
		

		
			any further act, deed or conveyance, shall become vested with
		

		
			all the rights, powers, trusts and duties of the retiring
		

		
			Trustee with respect to the
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               38
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			Securities of that or those series to which the appointment of
		

		
			such successor trustee relates; but, on request of the Company
		

		
			or any successor trustee, such retiring Trustee shall duly
		

		
			assign, transfer and deliver to such successor trustee, to the
		

		
			extent contemplated by such supplemental indenture, the
		

		
			property and money held by such retiring Trustee hereunder with
		

		
			respect to the Securities of that or those series to which the
		

		
			appointment of such successor trustee relates.
		

		
			﻿
		

		
			     (c) Upon request of any such successor trustee, the
		

		
			Company shall execute any and all instruments for more fully
		

		
			and certainly vesting in and confirming to such successor
		

		
			trustee all such rights, powers and trusts referred to in
		

		
			paragraph (a) or (b) of this Section, as the case may be.
		

		
			﻿
		

		
			     (d) No successor trustee shall accept its appointment
		

		
			unless at the time of such acceptance such successor trustee
		

		
			shall be qualified and eligible under this Article.
		

		
			﻿
		

		
			     (e) Upon acceptance of appointment by a successor trustee
		

		
			as provided in this Section, the Company shall transmit notice
		

		
			of the succession of such trustee hereunder by mail, first
		

		
			class postage prepaid, to the Securityholders, as their names
		

		
			and addresses appear upon the Security Register. If the Company
		

		
			fails to transmit such notice within ten days after acceptance
		

		
			of appointment by the successor trustee, the successor trustee
		

		
			shall cause such notice to be transmitted at the expense of the
		

		
			Company.
		

		
			﻿
		

		
			     SECTION 7.12. Any corporation into which the Trustee may
		

		
			be merged or converted or with which it may be consolidated, or
		

		
			any corporation resulting from any merger, conversion or
		

		
			consolidation to which the Trustee shall be a party, or any
		

		
			corporation succeeding to the corporate trust business of the
		

		

		

		 

 

		Trustee, shall be the successor of the Trustee hereunder,
		

		
			provided such corporation shall be qualified under the
		

		
			provisions of Section 7.08 and eligible under the provisions of
		

		
			Section 7.09, without the execution or filing of any paper or
		

		
			any further act on the part of any of the parties hereto,
		

		
			anything herein to the contrary notwithstanding. In case any
		

		
			Securities shall have been authenticated, but not delivered, by
		

		
			the Trustee then in office, any successor by merger, conversion
		

		
			or consolidation to such authenticating Trustee may adopt such
		

		
			authentication and deliver the Securities so authenticated with
		

		
			the same effect as if such successor Trustee had itself
		

		
			authenticated such Securities.
		

		
			﻿
		

		
			     SECTION 7.13. (a) Subject to the provisions of subsection
		

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

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

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

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

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

		
			the Trustee shall set apart and hold in a special account for
		

		
			the benefit of the Trustee individually, the holders of the
		

		
			Securities and the holders of other indenture securities (as
		

		
			defined in subsection (c) of this Section)
		

		
			﻿
		

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

		
			     amount due and owing upon any claim as such creditor in
		

		
			     respect of principal or interest, effected after the
		

		
			     beginning of such three months' period and valid as
		

		
			     against the Company and its other creditors, except any
		

		
			     such reduction resulting from the receipt or disposition
		

		
			     of any property described in paragraph (2) of this
		

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

		
			     which the Trustee could have exercised if a petition in
		

		
			     bankruptcy had been filed by or against the Company upon
		

		
			     the date of such default; and
		

		
			﻿
		

		
			﻿
		

		
			                               39
		

		
			﻿
		

		
			﻿
		

		
			          (2) all property received by the Trustee in respect
		

		
			     of any claim as such creditor, either as security
		

		
			     therefor, or in satisfaction or composition thereof, or
		

		
			     otherwise, after the beginning of such three months'
		

		
			     period, or an amount equal to the proceeds of any such
		

		
			     property, if disposed of, subject, however, to the rights,
		

		
			     if any, of the Company and its other creditors in such
		

		
			     property or such proceeds.
		

		
			     
		

		
			     Nothing herein contained, however, shall affect the right
		

		
			of the Trustee
		

		
			﻿
		

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

		
			     on account of any such claim by any person (other than the
		

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

		
			     the bona fide sale of any such claim by the Trustee to a
		

		
			     third person, and (iii) distributions made in cash,
		

		

		

		 

 

		     securities, or other property in respect of claims filed
		

		
			     against the Company in bankruptcy or receivership or in a
		

		
			     case for reorganization pursuant to the Federal Bankruptcy
		

		
			     Code or applicable State law;
		

		
			     
		

		
			          (B) to realize, for its own account, upon any
		

		
			     property held by it as security for any such claim, if
		

		
			     such property was so held prior to the beginning of such
		

		
			     three months' period;
		

		
			     
		

		
			          (C) to realize, for its own account, but only to the
		

		
			     extent of the claim hereinafter mentioned, upon any
		

		
			     property held by it as security for any such claim, if
		

		
			     such claim was created after the beginning of such three
		

		
			     months' period and such property was received as security
		

		
			     therefor simultaneously with the creation thereof, and if
		

		
			     the Trustee shall sustain the burden of proving that at
		

		
			     the time such property was so received the Trustee had no
		

		
			     reasonable cause to believe that a default, as defined in
		

		
			     subsection (c) of this Section, would occur within three
		

		
			     months; or
		

		
			﻿
		

		
			          (D) to receive payment on any claim referred to in
		

		
			     paragraph (B) or (C), against the release of any property
		

		
			     held as security for such claim as provided in such
		

		
			     paragraph (B) or (C), as the case may be, to the extent of
		

		
			     the fair value of such property.
		

		
			﻿
		

		
			     For the purposes of paragraphs (B), (C) and (D), property
		

		
			substituted after the beginning of such three months' period
		

		
			for property held as security at the time of such substitution
		

		
			shall, to the extent of the fair value of the property
		

		
			released, have the same status as the property released, and,
		

		
			to the extent that any claim referred to in any of such
		

		
			paragraphs is created in renewal of or in substitution for or
		

		
			for the purpose of repaying or refunding any pre-existing claim
		

		
			of the Trustee as such creditor, such claim shall have the same
		

		
			status as such pre-existing claim.
		

		
			﻿
		

		
			     If the Trustee shall be required to account, the funds and
		

		
			property held in such special account and the proceeds thereof
		

		
			shall be apportioned between the Trustee, the Securityholders
		

		
			and the holders of other indenture securities in such manner
		

		
			that the Trustee, the Securityholders and the holders of other
		

		
			indenture securities realize, as a result of payments from such
		

		
			special account and payments of dividends on claims filed
		

		
			against the Company in bankruptcy or receivership or in a case
		

		
			for reorganization pursuant to the Federal Bankruptcy Code or
		

		
			applicable State law, the same percentage of their respective
		

		
			claims, figured before crediting to the claim of the Trustee
		

		
			anything on account of the receipt by it from the Company of
		

		
			the funds and property in such special account and before
		

		
			crediting to the respective claims of the Trustee, the
		

		
			Securityholders and the holders of other indenture securities
		

		
			dividends on claims filed against the Company in
		

		
			﻿
		

		
			                               40
		

		

		

		 

 

		﻿
		

		
			bankruptcy or receivership or in a case for reorganization
		

		
			pursuant to the Federal Bankruptcy Code or applicable State
		

		
			law, but after crediting thereon receipts on account of the
		

		
			indebtedness represented by their respective claims from all
		

		
			sources other than from such dividends and from the funds and
		

		
			property so held in such special account. As used in this
		

		
			paragraph, with respect to any claim, the term "dividends"
		

		
			shall include any distribution with respect to such claim, in
		

		
			bankruptcy or receivership or in a case for reorganization
		

		
			pursuant to the Federal Bankruptcy Code or applicable State
		

		
			law, whether such distribution is made in cash, securities, or
		

		
			other property, but shall not include any such distribution
		

		
			with respect to the secured portion, if any, of such claim. The
		

		
			court in which such bankruptcy, receivership or a case for
		

		
			reorganization is pending shall have jurisdiction (i) to
		

		
			apportion between the Trustee, the Securityholders and the
		

		
			holders of other indenture securities, in accordance with the
		

		
			provisions of this paragraph, the funds and property held in
		

		
			such special account and the proceeds thereof, or (ii) in lieu
		

		
			of such apportionment, in whole or in part, to give to the
		

		
			provisions of this paragraph due consideration in determining
		

		
			the fairness of the distributions to be made to the Trustee,
		

		
			the Securityholders and the holders of other indenture
		

		
			securities with respect to their respective claims, in which
		

		
			event it shall not be necessary to liquidate or to appraise the
		

		
			value of any securities or other property held in such special
		

		
			account or as security for any such claim, or to make a
		

		
			specific allocation of such distributions as between the
		

		
			secured and unsecured portions of such claims, or otherwise to
		

		
			apply the provisions of this paragraph as a mathematical
		

		
			formula.
		

		
			﻿
		

		
			     Any Trustee who has resigned or been removed after the
		

		
			beginning of such three months' period shall be subject to the
		

		
			provisions of this subsection (a) as though such resignation or
		

		
			removal had not occurred. If any Trustee has resigned or been
		

		
			removed prior to the beginning of such three months' period, it
		

		
			shall be subject to the provisions of this subsection (a) if
		

		
			and only if the following conditions exist:
		

		
			﻿
		

		
			          (i) the receipt of property or reduction of claim
		

		
			     which would have given rise to the obligation to account,
		

		
			     if such Trustee had continued as trustee, occurred after
		

		
			     the beginning of such three months' period; and
		

		
			     
		

		
			          (ii) such receipt of property or reduction of claim
		

		
			     occurred within three months after such resignation or
		

		
			     removal.
		

		
			﻿
		

		
			     (b) There shall be excluded from the operation of
		

		
			subsection (a) of this Section a creditor relationship arising
		

		
			from
		

		
			﻿
		

		
			          (1) the ownership or acquisition of securities issued
		

		
			     under any indenture, or any security or securities having
		

		
			     a maturity of one year or more at the time of acquisition
		

		

		

		 

 

		     by the Trustee;
		

		
			     
		

		
			          (2) advances authorized by a receivership or
		

		
			     bankruptcy court of competent jurisdiction, or by this
		

		
			     Indenture, for the purpose of preserving any property
		

		
			     other than cash which shall at any time be subject to the
		

		
			     lien, if any, of this Indenture or of discharging tax
		

		
			     liens or other prior liens or encumbrances thereon, if
		

		
			     notice of such advance and of the circumstances
		

		
			     surrounding the making thereof is given to the
		

		
			     Securityholders at the time and in the manner provided in
		

		
			     this Indenture;
		

		
			     
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               41
		

		
			﻿
		

		
			          (3) disbursements made in the ordinary course of
		

		
			     business in the capacity of trustee under an indenture,
		

		
			     transfer agent, registrar, custodian, paying agent,
		

		
			     subscription agent, fiscal agent or depositary, or other
		

		
			     similar capacity;
		

		
			     
		

		
			          (4) an indebtedness created as a result of services
		

		
			     rendered or premises rented; or an indebtedness created as
		

		
			     a result of goods or securities sold in a cash transaction
		

		
			     as defined in subsection (c) of this Section;
		

		
			     
		

		
			          (5) the ownership of stock or of other securities of
		

		
			     a Company organized under the provisions of Section 25(a)
		

		
			     of the Federal Reserve Act, as amended, which is directly
		

		
			     or indirectly a creditor of the Company; or
		

		
			     
		

		
			          (6) the acquisition, ownership, acceptance or
		

		
			     negotiation of any drafts, bills of exchange, acceptances
		

		
			     or obligations which fall within the classification of
		

		
			     self-liquidating paper as defined in subsection (c) of
		

		
			     this Section.
		

		
			﻿
		

		
			     (c) As used in this Section:
		

		
			﻿
		

		
			          (1) The term "default" shall mean any failure to make
		

		
			     payment in full of the principal of (or premium, if any)
		

		
			     or interest upon any of the Securities or upon the other
		

		
			     indenture securities when and as such principal (or
		

		
			     premium, if any) or interest becomes due and payable.
		

		
			     
		

		
			          (2)  The term "other indenture securities" shall mean
		

		
			     securities upon which the Company is an obligor (as
		

		
			     defined in the Trust Indenture Act of 1939, as amended)
		

		
			     outstanding under any other indenture (A) under which the
		

		
			     Trustee is also trustee, (B) which contains provisions
		

		
			     substantially similar to the provisions of subsection (a)
		

		
			     of this Section and (C) under which a default exists at
		

		
			     the time of the apportionment of the funds and property
		

		

		

		 

 

		     held in said special account.
		

		
			﻿
		

		
			          (3) The term "cash transaction" shall mean any
		

		
			     transaction in which full payment for goods or securities
		

		
			     sold is made within seven days after delivery of the goods
		

		
			     or securities in currency or in checks or other orders
		

		
			     drawn upon banks or bankers and payable upon demand.
		

		
			﻿
		

		
			          (4) The term "self-liquidating paper" shall mean any
		

		
			     draft, bill of exchange, acceptance or obligation which is
		

		
			     made, drawn, negotiated or incurred by the Company for the
		

		
			     purpose of financing the purchase, processing,
		

		
			     manufacture, shipment, storage or sale of goods, wares or
		

		
			     merchandise and which is secured by documents evidencing
		

		
			     title to, possession of, or a lien upon, the goods, wares
		

		
			     or merchandise or the receivables or proceeds arising from
		

		
			     the sale of the goods, wares or merchandise previously
		

		
			     constituting the security, provided the security is
		

		
			     received by the Trustee simultaneously with the creation
		

		
			     of the creditor relationship with the Company arising from
		

		
			     the making, drawing, negotiating or incurring of the
		

		
			     draft, bill of exchange, acceptance or obligation.
		

		
			     
		

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

		
			     any of the Securities.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               42
		

		
			     
		

		
			﻿
		

		
			                          ARTICLE EIGHT
		

		
			                  Concerning the Securityholders
		

		
			﻿
		

		
			     SECTION 8.01. Whenever in this Indenture it is provided
		

		
			that the holders of a majority or specified percentage in
		

		
			aggregate principal amount of the Securities of a particular
		

		
			series may take any action (including the making of any demand
		

		
			or request, the giving of any notice, consent or waiver or the
		

		
			taking of any other action), the fact that at the time of
		

		
			taking any such action the holders of such majority or
		

		
			specified percentage of that series have joined therein may be
		

		
			evidenced by any instrument or any number of instruments of
		

		
			similar tenor executed by such holders of Securities of that
		

		
			series in person or by agent or proxy appointed in writing.
		

		
			﻿
		

		
			     If the Company shall solicit from the Securityholders of
		

		
			any series any request, demand, authorization, direction,
		

		
			notice, consent, waiver or other action, the Company may, at
		

		
			its option, as evidenced by an Officers' Certificate, fix in
		

		
			advance a record date for such series for the determination of
		

		
			Securityholders entitled to give such request, demand,
		

		
			authorization, direction, notice, consent, waiver or other
		

		
			action, but the Company shall have no obligation to do so. If
		

		

		

		 

 

		such a record date is fixed, such request, demand,
		

		
			authorization, direction, notice, consent, waiver or other
		

		
			action may be given before or after the record date, but only
		

		
			the Securityholders of record at the close of business on the
		

		
			record date shall be deemed to be Securityholders for the
		

		
			purposes of determining whether Securityholders of the
		

		
			requisite proportion of outstanding Securities of that series
		

		
			have authorized or agreed or consented to such request, demand,
		

		
			authorization, direction, notice, consent, waiver or other
		

		
			action, and for that purpose the outstanding Securities of that
		

		
			series shall be computed as of the record date; provided that
		

		
			no such authorization, agreement or consent by such
		

		
			Securityholders on the record date shall be deemed effective
		

		
			unless it shall become effective pursuant to the provisions of
		

		
			this Indenture not later than six months after the record date.
		

		
			﻿
		

		
			     SECTION 8.02. Subject to the provisions of Section 7.01,
		

		
			proof of the execution of any instrument by a Securityholder
		

		
			(such proof will not require notarization) or his agent or
		

		
			proxy and proof of the holding by any person of any of the
		

		
			Securities shall be sufficient if made in the following manner:
		

		
			﻿
		

		
			     (a) The fact and date of the execution by any such person
		

		
			of any instrument may be proved in any reasonable manner
		

		
			acceptable to the Trustee.
		

		
			﻿
		

		
			     (b) The ownership of Securities shall be proved by the
		

		
			Security Register of such Securities or by a certificate of the
		

		
			Security Registrar thereof.
		

		
			﻿
		

		
			     (c) The Trustee may require such additional proof of any
		

		
			matter referred to in this Section as it shall deem necessary.
		

		
			﻿
		

		
			     SECTION 8.03. Prior to the due presentment for
		

		
			registration of transfer of any Security, the Company, the
		

		
			Trustee, any paying agent and any Security Registrar may deem
		

		
			and treat the person in whose name such Security shall be
		

		
			registered upon the books of the Company as the absolute owner
		

		
			of such Security (whether or not such Security shall be overdue
		

		
			and notwithstanding any notice of ownership or writing thereon
		

		
			made by anyone other than the Security Registrar) for the
		

		
			purpose of receiving payment of or on account of the principal
		

		
			of, premium, if any, and (subject to Section 2.03) interest on
		

		
			such Security and for all other purposes; and neither the
		

		
			Company nor the Trustee nor any paying agent nor any Security
		

		
			Registrar shall be affected by any notice to the contrary.
		

		
			﻿
		

		
			﻿
		

		
			                               43
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 8.04. In determining whether the holders of the
		

		
			requisite aggregate principal amount of Securities of a
		

		
			particular series have concurred in any direction, consent or
		

		
			waiver under this Indenture, Securities of that series which
		

		
			are owned by the Company or any other obligor on the Securities
		

		
			of that series or by any person directly or indirectly
		

		

		

		 

 

		controlling or controlled by or under common control with the
		

		
			Company or any other obligor on the Securities of that series
		

		
			shall be disregarded and deemed not to be outstanding for the
		

		
			purpose of any such determination, except that for the purpose
		

		
			of determining whether the Trustee shall be protected in
		

		
			relying on any such direction, consent or waiver only
		

		
			Securities of such series which the Trustee actually knows are
		

		
			so owned shall be so disregarded. Securities so owned which
		

		
			have been pledged in good faith may be regarded as outstanding
		

		
			for the purposes of this Section, if the pledgee shall
		

		
			establish to the satisfaction of the Trustee the pledgee's
		

		
			right so to act with respect to such Securities and that the
		

		
			pledgee is not a person directly or indirectly controlling or
		

		
			controlled by or under direct or indirect common control with
		

		
			the Company or any such other obligor. In case of a dispute as
		

		
			to such right, any decision by the Trustee taken upon the
		

		
			advice of counsel shall be full protection to the Trustee.
		

		
			﻿
		

		
			     SECTION 8.05. At any time prior to (but not after) the
		

		
			evidencing to the Trustee, as provided in Section 8.01, of the
		

		
			taking of any action by the holders of the majority or
		

		
			percentage in aggregate principal amount of the Securities of a
		

		
			particular series specified in this Indenture in connection
		

		
			with such action, any holder of a Security of that series which
		

		
			is shown by the evidence to be included in the Securities the
		

		
			holders of which have consented to such action may, by filing
		

		
			written notice with the Trustee, and upon proof of holding as
		

		
			provided in Section 8.02, revoke such action so far as concerns
		

		
			such Security. Except as aforesaid any such action taken by the
		

		
			holder of any Security shall be conclusive and binding upon
		

		
			such holder and upon all future holders and owners of such
		

		
			Security, and of any Security issued in exchange therefor, on
		

		
			registration of transfer thereof or in place thereof,
		

		
			irrespective of whether or not any notation in regard thereto
		

		
			is made upon such Security. Any action taken by the holders of
		

		
			the majority or percentage in aggregate principal amount of the
		

		
			Securities of a particular series specified in this Indenture
		

		
			in connection with such action shall be conclusively binding
		

		
			upon the Company, the Trustee and the holders of all the
		

		
			Securities of that series.
		

		
			﻿
		

		
			﻿
		

		
			                          ARTICLE NINE
		

		
			                     Supplemental Indentures
		

		
			﻿
		

		
			     SECTION 9.01. In addition to any supplemental indenture
		

		
			otherwise authorized by this Indenture, the Company, when
		

		
			authorized by a Board Resolution, and the Trustee may from time
		

		
			to time and at any time enter into an indenture or indentures
		

		
			supplemental hereto (which shall conform to the provisions of
		

		
			the Trust Indenture Act of 1939 as then in effect), without the
		

		
			consent of the Securityholders, for one or more of the
		

		
			following purposes:
		

		
			﻿
		

		
			     (a) to evidence the succession of another corporation to
		

		
			the Company, and the assumption by any such successor of the
		

		
			covenants of the Company contained herein or otherwise
		

		

		

		 

 

		established with respect to the Securities; or
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                
		

		
			                               44
		

		
			﻿
		

		
			﻿
		

		
			     (b) to add to the covenants of the Company such further
		

		
			covenants, restrictions, conditions or provisions for the
		

		
			protection of the holders of the Securities of all or any
		

		
			series as the Board of Directors and the Trustee shall consider
		

		
			to be for the protection of the holders of Securities of all or
		

		
			any series, and to make the occurrence, or the occurrence and
		

		
			continuance, of a default in any of such additional covenants,
		

		
			restrictions, conditions or provisions a default or an Event of
		

		
			Default with respect to such series permitting the enforcement
		

		
			of all or any of the several remedies provided in this
		

		
			Indenture as herein set forth; provided, however, that in
		

		
			respect of any such additional covenant, restriction, condition
		

		
			or provision such supplemental indenture may provide for a
		

		
			particular period of grace after default (which period may be
		

		
			shorter or longer than that allowed in the case of other
		

		
			defaults) or may provide for an immediate enforcement upon such
		

		
			default or may limit the remedies available to the Trustee upon
		

		
			such default or may limit the right of the holders of a
		

		
			majority in aggregate principal amount of the Securities of
		

		
			such series to waive such default; or
		

		
			﻿
		

		
			     (c) to cure any ambiguity or to correct or supplement any
		

		
			provision contained herein or in any supplemental indenture
		

		
			which may be defective or inconsistent with any other provision
		

		
			contained herein or in any supplemental indenture, or to make
		

		
			such other provisions in regard to matters or questions arising
		

		
			under this Indenture as shall not be inconsistent with the
		

		
			provisions of this Indenture and shall not adversely affect the
		

		
			interests of the holders of the Securities of any series; or
		

		
			﻿
		

		
			     (d) to change or eliminate any of the provisions of this
		

		
			Indenture, provided that any such change or elimination shall
		

		
			become effective only when there is no Security outstanding of
		

		
			any series created prior to the execution of such supplemental
		

		
			indenture which is entitled to the benefit of such provision.
		

		
			﻿
		

		
			     The Trustee is hereby authorized to join with the Company
		

		
			in the execution of any such supplemental indenture, and to
		

		
			make any further appropriate agreements and stipulations which
		

		
			may be therein contained, but the Trustee shall not be
		

		
			obligated to enter into any such supplemental indenture which
		

		
			affects the Trustee's own rights, duties or immunities under
		

		
			this Indenture or otherwise.
		

		
			﻿
		

		
			     Any supplemental indenture authorized by the provisions of
		

		
			this Section may be executed by the Company and the Trustee
		

		

		

		 

 

		without the consent of the holders of any of the Securities at
		

		
			the time outstanding, notwithstanding any of the provisions of
		

		
			Section 9.02.
		

		
			﻿
		

		
			     SECTION 9.02. With the consent (evidenced as provided in
		

		
			Section 8.01) of the holders of not less than a majority in
		

		
			aggregate principal amount of the Securities of each series
		

		
			affected by such supplemental indenture or indentures at the
		

		
			time outstanding, the Company, when authorized by a Board
		

		
			Resolution, and the Trustee may from time to time and at any
		

		
			time enter into an indenture or indentures supplemental hereto
		

		
			(which shall conform to the provisions of the Trust Indenture
		

		
			Act of 1939 as then in effect) for the purpose of adding any
		

		
			provisions to or changing in any manner or eliminating any of
		

		
			the provisions of this Indenture or of any supplemental
		

		
			indenture or of modifying in any manner the rights of the
		

		
			holders of the Securities of such series under this Indenture;
		

		
			provided, however, that no such supplemental indenture shall
		

		
			(i) extend the fixed maturity of any Securities of any series,
		

		
			or reduce the principal amount thereof, or reduce the rate or
		

		
			extend the time of payment of interest thereon, or reduce any
		

		
			premium payable upon the redemption thereof, without the
		

		
			consent of the holder of
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               45
		

		
			﻿
		

		
			each Security so affected, or (ii) reduce the aforesaid
		

		
			percentage of Securities, the holders of which are required to
		

		
			consent to any such supplemental indenture, without the consent
		

		
			of the holders of each Security then outstanding and affected
		

		
			thereby.
		

		
			﻿
		

		
			     Upon the request of the Company, accompanied by a Board
		

		
			Resolution authorizing the execution of any such supplemental
		

		
			indenture, and upon the filing with the Trustee of evidence of
		

		
			the consent of Securityholders required to consent thereto as
		

		
			aforesaid, the Trustee shall join with the Company in the
		

		
			execution of such supplemental indenture unless such
		

		
			supplemental indenture affects the Trustee's own rights, duties
		

		
			or immunities under this Indenture or otherwise, in which case
		

		
			the Trustee may in its discretion but shall not be obligated to
		

		
			enter into such supplemental indenture.
		

		
			﻿
		

		
			     It shall not be necessary for the consent of the
		

		
			Securityholders of any series affected thereby under this
		

		
			Section to approve the particular form of any proposed
		

		
			supplemental indenture, but it shall be sufficient if such
		

		
			consent shall approve the substance thereof.
		

		
			﻿
		

		
			     Promptly after the execution by the Company and the
		

		
			Trustee of any supplemental indenture pursuant to the
		

		
			provisions of this Section, the Trustee shall transmit by mail,
		

		
			first class postage prepaid, a notice, setting forth in general
		

		
			terms the substance of such supplemental indenture, to the
		

		
			Securityholders of all series affected thereby as their names
		

		

		

		 

 

		and addresses appear upon the Security Register. Any failure of
		

		
			the Trustee to mail such notice, or any defect therein, shall
		

		
			not, however, in any way impair or affect the validity of any
		

		
			such supplemental indenture.
		

		
			﻿
		

		
			     SECTION 9.03. Upon the execution of any supplemental
		

		
			indenture pursuant to the provisions of this Article or of
		

		
			Section 10.01, this Indenture shall, with respect to such
		

		
			series, be and be deemed to be modified and amended in
		

		
			accordance therewith and the respective rights, limitations of
		

		
			rights, obligations, duties and immunities under this Indenture
		

		
			of the Trustee, the Company and the holders of Securities of
		

		
			the series affected thereby shall thereafter be determined,
		

		
			exercised and enforced hereunder subject in all respects to
		

		
			such modifications and amendments, and all the terms and
		

		
			conditions of any such supplemental indenture shall be and be
		

		
			deemed to be part of the terms and conditions of this Indenture
		

		
			for any and all purposes.
		

		
			﻿
		

		
			     SECTION 9.04. Securities of any series, affected by a
		

		
			supplemental indenture, authenticated and delivered after the
		

		
			execution of such supplemental indenture pursuant to the
		

		
			provisions of this Article or of Section 10.01, may bear a
		

		
			notation in form approved by the Trustee, provided such form
		

		
			meets the requirements of any exchange upon which such series
		

		
			may be listed, as to any matter provided for in such
		

		
			supplemental indenture. If the Company or the Trustee shall so
		

		
			determine, new Securities of that series so modified as to
		

		
			conform, in the opinion of the Trustee and the Board of
		

		
			Directors, to any modification of this Indenture contained in
		

		
			any such supplemental indenture may be prepared by the Company,
		

		
			authenticated by the Trustee and delivered in exchange for the
		

		
			Securities of that series then outstanding.
		

		
			﻿
		

		
			     SECTION 9.05. The Trustee, subject to the provisions of
		

		
			Section 7.01, may receive an Opinion of Counsel as conclusive
		

		
			evidence that any supplemental indenture executed pursuant to
		

		
			this Article is authorized or permitted by, and conforms to,
		

		
			the terms of this Article and that it is proper for the Trustee
		

		
			under the provisions of this Article to join in the execution
		

		
			thereof.
		

		
			﻿
		

		
			﻿
		

		
			                               46
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                           ARTICLE TEN
		

		
			                  Consolidation, Merger and Sale
		

		
			﻿
		

		
			     SECTION 10.01. Nothing contained in this Indenture or in
		

		
			any of the Securities shall prevent any consolidation or merger
		

		
			of the Company with or into any other corporation or
		

		
			corporations (whether or not affiliated with the Company), or
		

		
			successive consolidations or mergers in which the Company or
		

		
			its successor or successors shall be a party or parties, or
		

		
			shall prevent any sale, conveyance, transfer or other
		

		

		

		 

 

		disposition of the property of the Company or its successor or
		

		
			successors as an entirety, or substantially as an entirety, to
		

		
			any other corporation (whether or not affiliated with the
		

		
			Company or its successor or successors) authorized to acquire
		

		
			and operate the same; provided, however, the Company hereby
		

		
			covenants and agrees that, upon any such consolidation, merger,
		

		
			sale, conveyance, transfer or other disposition, the due and
		

		
			punctual payment of the principal of (premium, if any) and
		

		
			interest on all of the Securities of all series in accordance
		

		
			with the terms of each series, according to their tenor, and
		

		
			the due and punctual performance and observance of all the
		

		
			covenants and conditions of this Indenture with respect to each
		

		
			series or established with respect to such series pursuant to
		

		
			Section 2.01 to be kept or performed by the Company, shall be
		

		
			expressly assumed, by supplemental indenture (which shall
		

		
			conform to the provisions of the Trust Indenture Act of 1939 as
		

		
			then in effect) satisfactory in form to the Trustee executed
		

		
			and delivered to the Trustee by the Company formed by such
		

		
			consolidation, or into which the Company shall have been
		

		
			merged, or by the corporation which shall have acquired such
		

		
			property.
		

		
			﻿
		

		
			     SECTION 10.02. (a) In case of any such consolidation,
		

		
			merger, sale, conveyance, transfer or other disposition and
		

		
			upon the assumption by the successor corporation, by
		

		
			supplemental indenture, executed and delivered to the Trustee
		

		
			and satisfactory in form to the Trustee, of the due and
		

		
			punctual payment of the principal of, premium, if any, and
		

		
			interest on all of the Securities of all series outstanding and
		

		
			the due and punctual performance of all of the covenants and
		

		
			conditions of this Indenture or established with respect to
		

		
			each series of the Securities pursuant to Section 2.01 to be
		

		
			performed by the Company with respect to each series, such
		

		
			successor corporation shall succeed to and be substituted for
		

		
			the Company, with the same effect as if it had been named
		

		
			herein as the party of the first part, and thereupon the
		

		
			predecessor corporation shall be relieved of all obligations
		

		
			and covenants under this Indenture and the Securities. Such
		

		
			successor corporation thereupon may cause to be signed, and may
		

		
			issue either in its own name or in the name of the Company or
		

		
			any other predecessor obligor on the Securities, any or all of
		

		
			the Securities issuable hereunder which theretofore shall not
		

		
			have been signed by the Company and delivered to the Trustee;
		

		
			and, upon the order of such successor company, instead of the
		

		
			Company, and subject to all the terms, conditions and
		

		
			limitations in this Indenture prescribed, the Trustee shall
		

		
			authenticate and shall deliver any Securities which previously
		

		
			shall have been signed and delivered by the officers of the
		

		
			predecessor Company to the Trustee for authentication, and any
		

		
			Securities which such successor corporation thereafter shall
		

		
			cause to be signed and delivered to the Trustee for that
		

		
			purpose. All the Securities so issued shall in all respects
		

		
			have the same legal rank and benefit under this Indenture as
		

		
			the Securities theretofore or thereafter issued in accordance
		

		
			with the terms of this Indenture as though all of such
		

		
			Securities had been issued at the date of the execution hereof.
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               47
		

		
			﻿
		

		
			﻿
		

		
			     (b) In case of any such consolidation, merger, sale,
		

		
			conveyance, transfer or other disposition such changes in
		

		
			phraseology and form (but not in substance) may be made in the
		

		
			Securities thereafter to be issued as may be appropriate.
		

		
			﻿
		

		
			     (c) Nothing contained in this Indenture or in any of the
		

		
			Securities shall prevent the Company from merging into itself
		

		
			or acquiring by purchase or otherwise all or any part of the
		

		
			property of any other corporation (whether or not affiliated
		

		
			with the Company).
		

		
			﻿
		

		
			     SECTION 10.03. The Trustee, subject to the provisions of
		

		
			Section 7.01, may receive an Opinion of Counsel as conclusive
		

		
			evidence that any such consolidation, merger, sale, conveyance,
		

		
			transfer or other disposition, and any such assumption, comply
		

		
			with the provisions of this Article.
		

		
			﻿
		

		
			                                
		

		
			                                
		

		
			                         ARTICLE ELEVEN
		

		
			             Satisfaction and Discharge of Indenture;
		

		
			                        Unclaimed Moneys
		

		
			﻿
		

		
			     SECTION 11.01. If at any time: (a) the Company shall have
		

		
			delivered to the Trustee for cancellation all Securities of a
		

		
			series theretofore authenticated (other than any Securities
		

		
			which shall have been destroyed, lost or stolen and which shall
		

		
			have been replaced or paid as provided in Section 2.07) and
		

		
			Securities for whose payment money or Governmental Obligations
		

		
			has theretofore been deposited in trust or segregated and held
		

		
			in trust by the Company (and thereupon repaid to the Company or
		

		
			discharged from such trust, as provided in Section 11.05); (b)
		

		
			all such Securities of a particular series not theretofore
		

		
			delivered to the Trustee for cancellation shall have become due
		

		
			and payable, or are by their terms to become due and payable
		

		
			within one year or are to be called for redemption within one
		

		
			year under arrangements satisfactory to the Trustee for the
		

		
			giving of notice of redemption, and the Company shall deposit
		

		
			or cause to be deposited with the Trustee as trust funds the
		

		
			entire amount in moneys or Governmental Obligations sufficient;
		

		
			or (c) a combination thereof, sufficient, without reinvestment,
		

		
			in the opinion of a nationally recognized firm of independent
		

		
			public accountants expressed in a written certification thereof
		

		
			delivered to the Trustee, to pay at maturity or upon redemption
		

		
			all Securities of that series not theretofore delivered to the
		

		
			Trustee for cancellation, including principal (and premium, if
		

		
			any) and interest due or to become due to such date of maturity
		

		
			or date fixed for redemption, as the case may be, and if the
		

		
			Company shall also pay or cause to be paid all other sums
		

		
			payable hereunder with respect to such series by the Company,
		

		

		

		 

 

		then this Indenture shall thereupon cease to be of further
		

		
			effect with respect to such series except for the provisions of
		

		
			Sections 2.05, 2.07, 4.02 and 7.10, which shall survive until
		

		
			the date of maturity or redemption date, as the case may be,
		

		
			and Sections 7.06 and 11.05 which shall survive to such date
		

		
			and thereafter, and the Trustee, on demand of the Company and
		

		
			at the cost and expense of the Company, shall execute proper
		

		
			instruments acknowledging satisfaction of and discharging this
		

		
			Indenture with respect to such series.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               48
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 11.02. If at any time all such Securities of a
		

		
			particular series not heretofore delivered to the Trustee for
		

		
			cancellation or which have not become due and payable as
		

		
			described in Section 11.01 shall have been paid by the Company
		

		
			by depositing irrevocably with the Trustee as trust funds
		

		
			moneys or an amount of Governmental Obligations sufficient to
		

		
			pay at maturity or upon redemption all such Securities of that
		

		
			series not theretofore delivered to the Trustee for
		

		
			cancellation, including principal (and premium, if any) and
		

		
			interest due or to become due to such date of maturity or date
		

		
			fixed for redemption, as the case may be, and if the Company
		

		
			shall also pay or cause to be paid all other sums payable
		

		
			hereunder by the Company with respect to such series, then
		

		
			after the date such moneys or Governmental Obligations, as the
		

		
			case may be, are deposited with the Trustee the obligations of
		

		
			the Company under this Indenture with respect to such series
		

		
			shall cease to be of further effect except for the provisions
		

		
			of Sections 2.05, 2.07, 4.02, 7.06, 7.10 and 11.05 hereof which
		

		
			shall survive until such Securities shall mature and be paid.
		

		
			Thereafter, Sections 7.06 and 11.05 shall survive.
		

		
			﻿
		

		
			     SECTION 11.03. All moneys or Governmental Obligations
		

		
			deposited with the Trustee pursuant to Sections 11.01 or 11.02
		

		
			shall be held in trust and shall be available for payment as
		

		
			due, either directly or through any paying agent (including the
		

		
			Company acting as its own paying agent), to the holders of the
		

		
			particular series of Securities for the payment or redemption
		

		
			of which such moneys or Governmental Obligations have been
		

		
			deposited with the Trustee.
		

		
			﻿
		

		
			     SECTION 11.04. In connection with the satisfaction and
		

		
			discharge of this Indenture all moneys or Governmental
		

		
			Obligations then held by any paying agent under the provisions
		

		
			of this Indenture shall, upon demand of the Company, be paid to
		

		
			the Trustee and thereupon such paying agent shall be released
		

		
			from all further liability with respect to such moneys or
		

		

		

		 

 

		Governmental Obligations.
		

		
			﻿
		

		
			     SECTION 11.05. Any moneys or Governmental Obligations
		

		
			deposited with any paying agent or the Trustee, or then held by
		

		
			the Company, in trust for payment of principal of or premium or
		

		
			interest on the Securities of a particular series that are not
		

		
			applied but remain unclaimed by the holders of such Securities
		

		
			for at least two years after the date upon which the principal
		

		
			of (and premium, if any) or interest on such Securities shall
		

		
			have respectively become due and payable, shall be repaid to
		

		
			the Company on May 31 of each year or (if then held  by the
		

		
			Company) shall be discharged from such trust; and thereupon the
		

		
			paying agent and the Trustee shall be released from all further
		

		
			liability with respect to such moneys or Governmental
		

		
			Obligations, and the holder of any of the Securities entitled
		

		
			to receive such payment shall thereafter, as an unsecured
		

		
			general creditor, look only to the Company for the payment
		

		
			thereof.
		

		
			﻿
		

		
			﻿
		

		
			                         ARTICLE TWELVE
		

		
			        Immunity of Incorporators, Stockholders, Officers
		

		
			                          and Directors
		

		
			﻿
		

		
			     SECTION 12.01. No recourse under or upon any obligation,
		

		
			covenant or agreement of this Indenture, or of any Security, or
		

		
			for any claim based thereon or otherwise in respect thereof,
		

		
			shall be had against any incorporator, stockholder, officer or
		

		
			director, past, present or future as such, of the Company or of
		

		
			any predecessor or successor corporation, either directly or
		

		
			through the Company or any such predecessor or successor
		

		
			corporation, whether by virtue of any constitution, statute or
		

		
			rule of law,
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               49
		

		
			﻿
		

		
			or by the enforcement of any assessment or penalty or
		

		
			otherwise; it being expressly understood that this Indenture
		

		
			and the obligations issued hereunder are solely corporate
		

		
			obligations, and that no such personal liability whatever shall
		

		
			attach to, or is or shall be incurred by, the incorporators,
		

		
			stockholders, officers or directors as such, of the Company or
		

		
			of any predecessor or successor corporation, or any of them,
		

		
			because of the creation of the indebtedness hereby authorized,
		

		
			or under or by reason of the obligations, covenants or
		

		
			agreements contained in this Indenture or in any of the
		

		
			Securities or implied therefrom; and that any and all such
		

		
			personal liability of every name and nature, either at common
		

		
			law or in equity or by constitution or statute, of, and any and
		

		
			all such rights and claims against, every such incorporator,
		

		
			stockholder, officer or director as such, because of the
		

		
			creation of the indebtedness hereby authorized, or under or by
		

		
			reason of the obligations, covenants or agreements contained in
		

		
			this Indenture or in any of the Securities or implied
		

		
			therefrom, are hereby expressly waived and released as a
		

		

		

		 

 

		condition of, and as a consideration for, the execution of this
		

		
			Indenture and the issuance of such Securities.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                        ARTICLE THIRTEEN
		

		
			                        Sundry Provisions
		

		
			﻿
		

		
			     SECTION 13.01. All the covenants, stipulations, promises
		

		
			and agreements in this Indenture contained by or on behalf of
		

		
			the Company shall bind its successors and assigns, whether so
		

		
			expressed or not.
		

		
			﻿
		

		
			     SECTION 13.02. Any act or proceeding by any provision of
		

		
			this Indenture authorized or required to be done or performed
		

		
			by any board, committee or officer of the Company shall and may
		

		
			be done and performed with like force and effect by the
		

		
			corresponding board, committee or officer of any corporation
		

		
			that shall at the time be the lawful sole successor of the
		

		
			Company.
		

		
			﻿
		

		
			     SECTION 13.03. The Company by instrument in writing
		

		
			executed by authority of two-thirds of its Board of Directors
		

		
			and delivered to the Trustee may surrender any of the powers
		

		
			reserved to the Company and thereupon such power so surrendered
		

		
			shall terminate both as to the Company and as to any successor
		

		
			corporation.
		

		
			﻿
		

		
			     SECTION 13.04. Except as otherwise expressly provided
		

		
			herein any notice or demand which by any provision of this
		

		
			Indenture is required or permitted to be given or served by the
		

		
			Trustee or by the holders of Securities to or on the Company
		

		
			may be given or served by being deposited first class postage
		

		
			prepaid in a post-office letterbox addressed (until another
		

		
			address is filed in writing by the Company with the Trustee),
		

		
			as follows: GTE Florida Incorporated, One Tampa City Center,
		

		
			201 N. Franklin Street, Tampa, Florida 33602, Attention:
		

		
			Secretary. Any notice, election, request or demand by the
		

		
			Company or any Securityholder to or upon the Trustee shall be
		

		
			deemed to have been sufficiently given or made, for all
		

		
			purposes, if given or made in writing at the Corporate Trust
		

		
			Office of the Trustee, Attention: Corporate Trust
		

		
			Administration.
		

		
			﻿
		

		
			     SECTION 13.05. This Indenture and each Security shall be
		

		
			deemed to be a contract made under the laws of the State of New
		

		
			York, and for all purposes shall be construed in accordance
		

		
			with the laws of said State.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               50
		

		
			﻿
		

		
			﻿
		

		
			     SECTION 13.06. (a) Upon any application or demand by the
		

		

		

		 

 

		Company to the Trustee to take any action under any of the
		

		
			provisions of this Indenture, the Company shall furnish to the
		

		
			Trustee an Officers' Certificate stating that all conditions
		

		
			precedent provided for in this Indenture relating to the
		

		
			proposed action have been complied with and an Opinion of
		

		
			Counsel stating that in the opinion of such counsel all such
		

		
			conditions precedent have been complied with, except that in
		

		
			the case of any such application or demand as to which the
		

		
			furnishing of such documents is specifically required by any
		

		
			provision of this Indenture relating to such particular
		

		
			application or demand, no additional certificate or opinion
		

		
			need be furnished.
		

		
			﻿
		

		
			     (b) Each certificate or opinion provided for in this
		

		
			Indenture and delivered to the Trustee with respect to
		

		
			compliance with a condition or covenant in this Indenture
		

		
			(other than the certificate provided pursuant to Section
		

		
			5.03(d) of this Indenture) shall include (1) a statement that
		

		
			the person making such certificate or opinion has read such
		

		
			covenant or condition; (2) a brief statement as to the nature
		

		
			and scope of the examination or investigation upon which the
		

		
			statements or opinions contained in such certificate or opinion
		

		
			are based; (3) a statement that, in the opinion of such person,
		

		
			he has made such examination or investigation as is necessary
		

		
			to enable him to express an informed opinion as to whether or
		

		
			not such covenant or condition has been complied with; and (4)
		

		
			a statement as to whether or not, in the opinion of such
		

		
			person, such condition or covenant has been complied with.
		

		
			﻿
		

		
			     SECTION 13.07. In any case where the date of maturity of
		

		
			interest or principal of any Security or the date of redemption
		

		
			of any Security shall not be a business day then payment of
		

		
			interest or principal (and premium, if any) may be made on the
		

		
			next succeeding business day with the same force and effect as
		

		
			if made on the nominal date of maturity or redemption, and no
		

		
			interest shall accrue for the period after such nominal date.
		

		
			﻿
		

		
			     SECTION 13.08. If and to the extent that any provision of
		

		
			this Indenture limits, qualifies or conflicts with the duties
		

		
			imposed by Sections 310 to 317, inclusive, of the Trust
		

		
			Indenture Act of 1939, as amended, such imposed duties shall
		

		
			control.
		

		
			﻿
		

		
			     SECTION 13.09. This Indenture may be executed in any
		

		
			number of counterparts, each of which shall be an original; but
		

		
			such counterparts shall together constitute but one and the
		

		
			same instrument.
		

		
			﻿
		

		
			     SECTION 13.10. In case any one or more of the provisions
		

		
			contained in this Indenture or in the Securities of any series
		

		
			shall for any reason be held to be invalid, illegal or
		

		
			unenforceable in any respect, such invalidity, illegality or
		

		
			unenforceability shall not affect any other provisions of this
		

		
			Indenture or of such Securities, but this Indenture and such
		

		
			Securities shall be construed as if such invalid or illegal or
		

		
			unenforceable provision had never been contained herein or
		

		
			therein.
		

		

		

		 

 

		﻿
		

		
			     NATIONSBANK OF GEORGIA, NATIONAL ASSOCIATION hereby
		

		
			accepts the trusts in this Indenture declared and provided,
		

		
			upon the terms and conditions hereinabove set forth.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                               51
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			     IN WITNESS WHEREOF, the parties hereto have caused this
		

		
			Indenture to be duly executed, and their respective corporate
		

		
			seals to be hereunto affixed and attested, all as of the day
		

		
			and year first above written.
		

		
			﻿
		

		
			﻿
		

		
			                              GTE FLORIDA INCORPORATED
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              By ___________________________
		

		
			                                 Vice President
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			Attest:
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			By _____________________________
		

		
			   Secretary
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              NATIONSBANK OF GEORGIA,
		

		
			                              NATIONAL ASSOCIATION
		

		
			                                     as Trustee
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                              By ___________________________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		

		

		 

 

		Attest:
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			By _____________________________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
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			﻿
		

		
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			﻿
		

		
			                               52
		

		
			﻿
		

		
			﻿
		

		
			STATE OF FLORIDA      )
		

		
			                   ss:
		

		
			COUNTY OF HILLSBOROUGH)
		

		
			﻿
		

		
			     I, the undersigned, a Notary Public in and for the County
		

		
			of Hillsborough, State of Florida, do hereby certify that on
		

		
			the      day of November, 1993, before me personally came
		

		
			FASSIL GABREMARIAM and LORIN H. ALBECK, both to me known and
		

		
			known to me to be Vice President and Assistant Secretary,
		

		
			respectively, of GTE Florida Incorporated, one of the
		

		
			corporations described in and which executed the foregoing
		

		
			instrument, and to be the persons who executed the said
		

		
			instrument for and on behalf of said GTE Florida Incorporated
		

		
			as Vice President and Assistant Secretary, respectively, who,
		

		
			being by me severally duly sworn, did depose and say that the
		

		
			said FASSIL GABREMARIAM resides at 4209 West Platt Street,
		

		
			Tampa, Florida 33609 and that he is a Vice President of said
		

		
			GTE South Incorporated, and the said LORIN H. ALBECK resides at
		

		
			13126 Tifton Drive, Tampa, Florida 33618, and that he is
		

		
			Assistant Secretary of said GTE Florida Incorporated; and that
		

		
			they know the seal of said corporation; that one of the seals
		

		
			affixed to said instrument is such corporate seal and is the
		

		
			true and genuine corporate seal of said corporation; that it
		

		
			was so affixed by order of the board of directors of said
		

		
			corporation and that they signed their names thereto by like
		

		
			order; and they severally further acknowledged that they
		

		
			signed, sealed and delivered the said instrument for and on
		

		
			behalf of the said corporation as by the board of directors of
		

		
			said corporation directed as the free and voluntary act and
		

		
			deed of the said corporation and for all the uses and purposes
		

		
			therein expressed.
		

		
			﻿
		

		
			     In WITNESS WHEREOF, I have hereunto set my official
		

		
			signature and affixed my notarial seal this      day of
		

		

		

		 

 

		November, 1993.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			_____________________________________
		

		
			﻿
		

		
			                              Notary Public, Florida State at
		

		
			Large
		

		
			                              My Commission Expires
		

		
			_______________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
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			﻿
		

		
			                               53
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			COUNTY OF FULTON    )
		

		
			                     ss.:
		

		
			STATE OF GEORGIA    )
		

		
			﻿
		

		
			     I, the undersigned, a Notary Public in and for the County
		

		
			of Fulton and State of Georgia, do hereby certify that on the
		

		
			____ day of _________, 1993, before me personally came
		

		
			________________ and ______________, both to me known and known
		

		
			to me to be a ________________ and ________________,
		

		
			respectively, of NationsBank of Georgia, National Association,
		

		
			one of the corporations described in and which executed the
		

		
			foregoing instrument, and to be the persons who executed the
		

		
			said instrument for and on behalf of said NationsBank of
		

		
			Georgia, National Association as a ________________ and
		

		
			________________ respectively, who, being by me severally duly
		

		
			sworn, did depose and say that the said _____________________
		

		
			is a ________________ of said NationsBank of Georgia, National
		

		
			Association, and the said _______________ is an
		

		
			________________ of said NationsBank of Georgia, National
		

		
			Association; and that they know the seal of said corporation;
		

		
			that one of the seals affixed to said instrument is such
		

		

		

		 

 

		corporate seal and is the true and genuine corporate seal of
		

		
			said corporation; that is was so affixed by the authority of
		

		
			the board of directors of said corporation and that they signed
		

		
			their names thereto by like authority; and they severally
		

		
			further acknowledged that they signed, sealed and delivered the
		

		
			said instrument for and on behalf of the said corporation as by
		

		
			the board of directors of said corporation authorized as the
		

		
			free and voluntary act and deed of the said corporation and for
		

		
			all the uses and purposes therein expressed.
		

		
			﻿
		

		
			     IN WITNESS WHEREOF, I have hereunto set my official
		

		
			signature and affixed my notarial seal this _____ day of
		

		
			_________, 1993.
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                         _____________________________________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                         Commission Expires __________________
		

		
			                         [NOTARIAL SEAL]
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
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			﻿
		

		
			﻿
		

		
			                               54
		

		
			﻿Exhibit 45 First Supplement Indenture GTE FL and BONY

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                                                EXHIBIT 4.5
		

		
			_____________________________________________________________________________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                            GTE FLORIDA INCORPORATED
		

		
			﻿
		

		
			                                      AND
		

		
			﻿
		

		
			                              THE BANK OF NEW YORK
		

		
			                                   as Trustee
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                                   __________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			                          FIRST SUPPLEMENTAL INDENTURE
		

		
			﻿
		

		
			                          Dated as of January 1, 1998
		

		
			﻿
		

		
			                                       TO
		

		
			﻿
		

		
			                                   INDENTURE
		

		
			﻿
		

		
			                          Dated as of November 1, 1993
		

		
			﻿
		

		
			﻿
		

		
			                                   __________
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			_____________________________________________________________________________
		

		
			﻿
		

		
			 
		

		
			     FIRST SUPPLEMENTAL INDENTURE, dated as of the 1st day of January, 1998
		

		
			(herein called the "First Supplemental Indenture"), between GTE FLORIDA
		

		
			INCORPORATED, a corporation duly organized and existing under the laws of the
		

		
			State of Florida (hereinafter referred to as the "Company"), and THE BANK OF NEW
		

		
			YORK, a banking corporation duly organized and existing under the laws of the
		

		
			State of New York (hereinafter referred to as the "Trustee") (as successor
		

		
			trustee to NationsBank of Georgia, National Association), as Trustee under the
		

		
			Indenture dated as of November 1, 1993, between the Company and the Trustee
		

		
			(hereinafter referred to as the "Original Indenture").  Capitalized terms used
		

		
			in this First Supplemental Indenture and not otherwise defined herein shall have
		

		
			the meanings set forth in the Original Indenture.
		

		
			﻿
		

		

		

		 

 

		     WHEREAS, in accordance with Section 9.01(c) of the Original Indenture, the
		

		
			Company and the Trustee may enter into supplemental indentures to the Original
		

		
			Indenture without the consent of the Securityholders to cure any ambiguity or to
		

		
			correct or supplement any provision which may be defective or inconsistent with
		

		
			the Original Indenture or any supplemental indenture, or to make such other
		

		
			provisions in regard to matters or questions arising under the Original
		

		
			Indenture as shall not be inconsistent with the provisions of the Original
		

		
			Indenture and not adversely affect the interests of the holders of the
		

		
			Securities of any series; and
		

		
			﻿
		

		
			     WHEREAS, the Company desires to amend the Original Indenture in accordance
		

		
			with Section 9.01(c) and has determined that the requirements of Section 9.01(c)
		

		
			have been satisfied and has requested the Trustee to join with it in the
		

		
			execution and delivery of this First Supplemental Indenture; all requirements
		

		
			necessary to make this First Supplemental Indenture a valid instrument, in
		

		
			accordance with its terms, have been met; and the execution and delivery hereof
		

		
			have been in all respects duly authorized;
		

		
			﻿
		

		
			     NOW, THEREFORE, for good and valuable consideration the sufficiency of
		

		
			which is hereby recognized, the Company covenants and agrees with the Trustee as
		

		
			follows:
		

		
			﻿
		

		
			                                  ARTICLE ONE
		

		
			﻿
		

		
			                      AMENDMENTS TO TERMS OF THE INDENTURE
		

		
			﻿
		

		
			     Section 1.01  CERTAIN DEFINITIONS.  The Company and Trustee hereby amend
		

		
			Section 1.01 of the Original Indenture pursuant to Section 9.01(c) of the
		

		
			Original Indenture to add the following definitions in alphabetical order:
		

		
			﻿
		

		
			"Depository:
		

		
			﻿
		

		
			     The term "Depository" shall mean, with respect to Securities of any series
		

		
			for which the Company shall determine that such Securities will be issued as a
		

		
			Global Security, The Depository Trust Company, New York, New York, another
		

		
			clearing agency, or any successor registered as a clearing agency under the
		

		
			Securities and Exchange Act of 1934, as amended, or other applicable statute or
		

		
			regulation, which, in each case, shall be designated by the Company pursuant to
		

		
			either Section 2.01 or 2.11."
		

		
			﻿
		

		
			     and
		

		
			﻿
		

		
			 
		

		
			                                      -2-
		

		
			﻿
		

		

		

		 

 

		"Global Security:
		

		
			﻿
		

		
			          The term "Global Security" shall mean, with respect to any series of
		

		
			Securities, one or more Securities executed by the Company and authenticated and
		

		
			delivered by the Trustee to the Depository or pursuant to the Depository's
		

		
			written instruction (if acceptable to the Trustee) held by the Trustee as
		

		
			custodian for the Depository, all in accordance with this Indenture, which shall
		

		
			be registered in the name of the Depository or its nominee."
		

		
			﻿
		

		
			          Section 1.02  TERMS OF THE SECURITIES.  The Company and Trustee hereby
		

		
			amend Section 2.01 of the Original Indenture pursuant to Section 9.01(c) of the
		

		
			Original Indenture to add a new paragraph (9) to read as follows:
		

		
			﻿
		

		
			          "(9)  whether the Securities of the series are issuable as a Global
		

		
			Security and, in such case, the identity of the Depository for such series; and"
		

		
			﻿
		

		
			and to renumber the existing paragraph (9) as paragraph (10).
		

		
			﻿
		

		
			          Section 1.03  REGULAR RECORD DATE.  The Company and Trustee hereby
		

		
			amend the next to last paragraph of Section 2.03 of the Original Indenture in
		

		
			its entirety pursuant to Section 9.01(c) of the Original Indenture, to read as
		

		
			follows:
		

		
			﻿
		

		
			          "Unless otherwise set forth in a Board Resolution or one or more
		

		
			indentures supplemental hereto establishing the terms of any series of
		

		
			Securities pursuant to Section 2.01 hereof, the term "regular record date" as
		

		
			used in this Section with respect to a series of Securities with respect to any
		

		
			interest payment date for such series shall mean either the fifteenth day of the
		

		
			month immediately preceding the month in which an interest payment date
		

		
			established for such series pursuant to Section 2.01 hereof shall occur, if such
		

		
			interest payment date is the first day of a month, or the first day of the month
		

		
			in which an interest payment date established for such series pursuant to
		

		
			Section 2.01 hereof shall occur, if such interest payment date is the fifteenth
		

		
			day of a month, whether or not such date is a business day."
		

		
			﻿
		

		
			          Section 1.04  EXCHANGE OF SECURITIES.  The Company and Trustee hereby
		

		
			amend Section 2.05 of the Original Indenture pursuant to Section 9.01(c) of the
		

		
			Original Indenture to insert a new paragraph at the end of Section 2.05 which
		

		
			reads as follows:
		

		
			﻿
		

		
			          "The provisions of this Section 2.05 are, with respect to any Global
		

		
			Security, subject to Section 2.11 hereof."
		

		

		

		 

 

		﻿
		

		
			          Section 1.05  GLOBAL SECURITIES.  The Company and Trustee hereby amend
		

		
			Article II of the Original Indenture pursuant to Section 9.01(c) of the Original
		

		
			Indenture to insert a new Section 2.11 at the end of Article II which reads as
		

		
			follows:
		

		
			﻿
		

		
			 
		

		
			                                      -3-
		

		
			﻿
		

		
			          "Section 2.11  (a)  If the Company shall establish pursuant to Section
		

		
			     2.01 that the Securities of a particular series are to be issued as a
		

		
			     Global Security, then the Company shall execute and the Trustee shall, in
		

		
			     accordance with Section 2.04, authenticate and deliver, a Global Security
		

		
			     which (i) shall represent, and shall be denominated in an amount equal to
		

		
			     the aggregate principal amount of, all of the Outstanding Securities of
		

		
			     such series, (ii) shall be registered in the name of the Depository or its
		

		
			     nominee, (iii) shall be delivered by the Trustee to the Depository or
		

		
			     pursuant to the Depository's written instruction or (if acceptable to the
		

		
			     Trustee) held by the Trustee as custodian for the Depository, and (iv)
		

		
			     shall bear a legend substantially to the following effect:  'Except as
		

		
			     otherwise provided in Section 2.11 of the Indenture, this Security may be
		

		
			     transferred, in whole but not in part, only to another nominee of the
		

		
			     Depository or to a successor Depository or to a nominee of such successor
		

		
			     Depository'.
		

		
			﻿
		

		
			          (b)  Notwithstanding the provisions of Section 2.05, the Global
		

		
			     Security of a series may be transferred, in whole but not in part and in
		

		
			     the manner provided in Section 2.05, only to another nominee of the
		

		
			     Depository for such series, or to a successor Depository for such series
		

		
			     selected or approved by the Company or to a nominee of such successor
		

		
			     Depository.
		

		
			﻿
		

		
			          (c)  If at any time the Depository for a series of Securities notifies
		

		
			     the Company that it is unwilling or unable to continue as Depository for
		

		
			     such series or if at any time the Depository for such series shall no
		

		
			     longer be registered or in good standing under the Securities Exchange Act
		

		
			     of 1934, as amended, or other applicable statute or regulation and a
		

		
			     successor Depository for such series is not appointed by the Company within
		

		
			     90 days after the Company receives such notice or becomes aware of such
		

		
			     condition, as the case may be, this Section 2.11 shall no longer be
		

		
			     applicable to the Securities of such series and the Company will execute,
		

		
			     and subject to Section 2.05, the Trustee will authenticate and deliver,
		

		

		

		 

 

		     Securities of such series in definitive registered form without coupons, in
		

		
			     authorized denominations, and in an aggregate principal amount equal to the
		

		
			     principal amount of the Global Security of such series in exchange for such
		

		
			     Global Securities.  In addition, the Company may at any time determine that
		

		
			     the Securities of any series shall no longer be represented by a Global
		

		
			     Security and that the provisions of this Section 2.11 shall no longer apply
		

		
			     to the Securities of such series. In such event the Company will execute
		

		
			     and subject to Section 2.05, the Trustee, upon receipt of an Officers'
		

		
			     Certificate evidencing such determination by the Company, will authenticate
		

		
			     and deliver Securities of such series in definitive registered form without
		

		
			     coupons, in authorized denominations, and in an aggregate principal amount
		

		
			     equal to the principal amount of the Global Security of such series in
		

		
			     exchange for such Global Security. Upon the exchange of the Global Security
		

		
			     for such Securities in definitive registered form without coupons, in
		

		
			     authorized denominations, the Global Security shall be canceled by the
		

		
			     Trustee. Such Securities in definitive registered form issued in exchange
		

		
			     for the Global Security pursuant to this Section 2.11(c) shall be
		

		
			     registered in such names and in such authorized denominations as the
		

		
			﻿
		

		
			 
		

		
			                                      -4-
		

		
			﻿
		

		
			     Depository, pursuant to instructions from its direct or indirect
		

		
			     participants or otherwise, shall instruct the Trustee. The Trustee shall
		

		
			     deliver such Securities to the Depository for delivery to the persons in
		

		
			     whose names such Securities are so registered."
		

		
			﻿
		

		
			     Section 1.06  NOTICE OF DEFAULT.  The Company and Trustee hereby amend the
		

		
			first paragraph of Section 6.07 of the Original Indenture in its entirety,
		

		
			pursuant to Section 9.01(c) of the Original Indenture for the benefit of all
		

		
			Securityholders, to read as follows:
		

		
			﻿
		

		
			     "The Trustee shall, within 90 days after the occurrence of a default with
		

		
			     respect to a particular series, transmit by mail, first class postage
		

		
			     prepaid, to the holders of Securities of that series, as their names and
		

		
			     addresses appear upon the Security Register, notice of all defaults with
		

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

		
			     have been cured before the giving of such notice (the term "defaults" for
		

		
			     the purposes of this Section being hereby defined to be the events
		

		
			     specified in subsections (1), (2), (3), (4) and (5) of Section 6.01(a), not
		

		
			     including any periods of grace provided for therein and irrespective of the
		

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

		

		

		 

 

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

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

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

		
			     installment established with respect to that series, the Trustee shall be
		

		
			     protected in withholding such notice if and so long as the board of
		

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

		
			     and/or responsible officers, of the Trustee in good faith determine that
		

		
			     the withholding of such notice is in the interests of the Securityholders
		

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

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

		
			     Securities of that series no notice shall be given until at least 30 days
		

		
			     after the occurrence thereof."
		

		
			﻿
		

		
			                                  ARTICLE TWO
		

		
			﻿
		

		
			                                 MISCELLANEOUS
		

		
			﻿
		

		
			     Section 2.01  EFFECTIVENESS OF PROVISIONS.  The provisions of this First
		

		
			Supplemental Indenture shall be effective only with respect to series of
		

		
			Securities issued after the date hereof.
		

		
			﻿
		

		
			     Section 2.02  EXECUTION OF SUPPLEMENTAL INDENTURE.  This First Supplemental
		

		
			Indenture is executed and shall be construed as an indenture supplemental to the
		

		
			Original Indenture and, as provided in the Original Indenture, this First
		

		
			Supplemental Indenture forms a part thereof.
		

		
			﻿
		

		
			     Section 2.03  CONFLICT WITH TRUST INDENTURE ACT.  If and to the extent that
		

		
			any provision hereof limits, qualifies or conflicts with the duties imposed by
		

		
			Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939, as amended,
		

		
			such imposed duties shall control.
		

		
			﻿
		

		
			 
		

		
			                                      -5-
		

		
			﻿
		

		
			     Section 2.04  SUCCESSORS AND ASSIGNS.  All covenants and agreements in this
		

		
			First Supplemental Indenture by the Company shall bind its successors and
		

		
			assigns, whether so expressed or not.
		

		
			﻿
		

		
			     Section 2.05  SEPARABILITY CLAUSE.  In case any one or more of the
		

		
			provisions contained in this First Supplemental Indenture, the Original
		

		
			Indenture or in the Securities of any series shall for any reason be held to be
		

		
			invalid, illegal or unenforceable in any respect, such invalidity, illegality or
		

		
			unenforceability shall not affect any other provisions of this First
		

		
			Supplemental Indenture, the Original Indenture or of such Securities, but this
		

		

		

		 

 

		First Supplemental Indenture, the Original Indenture and such Securities shall
		

		
			be construed as if such invalid or illegal or unenforceable provision had never
		

		
			been contained herein or therein.
		

		
			﻿
		

		
			     Section 2.06  BENEFITS OF FIRST SUPPLEMENTAL INDENTURE.  Nothing in this
		

		
			First Supplemental Indenture or in the Original Indenture, express or implied,
		

		
			shall give to any person, other than the parties hereto and their successors
		

		
			hereunder and the Securityholders (to the extent specified herein or therein),
		

		
			any benefit or any legal or equitable right, remedy or claim under this First
		

		
			Supplemental Indenture.
		

		
			﻿
		

		
			     Section 2.07  GOVERNING LAW.  This First Supplemental Indenture shall be
		

		
			deemed to be a contract made under the laws of the State of New York, and for
		

		
			all purposes shall be construed in accordance with the laws of said State.
		

		
			﻿
		

		
			     Section 2.08  EXECUTION AND COUNTERPARTS.  This First Supplemental
		

		
			Indenture may be executed in any number of counterparts, each of which shall be
		

		
			an original; but such counterparts shall together constitute but one and the
		

		
			same instrument.
		

		
			﻿
		

		
			 
		

		
			                                      -6-
		

		
			﻿
		

		
			     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be
		

		
			duly executed, and their respective corporate seals to be hereunto affixed and
		

		
			attested, all as of the day and year first above written.
		

		
			﻿
		

		
			﻿
		

		
			                              GTE FLORIDA INCORPORATED
		

		
			﻿
		

		
			﻿
		

		
			                              By _____________________________
		

		
			                                 Title:
		

		
			﻿
		

		
			﻿
		

		
			Attest:
		

		
			﻿
		

		
			﻿
		

		
			By _____________________________
		

		
			   Secretary
		

		
			﻿
		

		
			                              THE BANK OF NEW YORK,
		

		
			                                as TRUSTEE
		

		
			﻿
		

		
			﻿
		

		
			                              By _____________________________
		

		
			                                 Title:
		

		
			﻿
		

		
			Attest:
		

		
			﻿
		

		
			﻿
		

		

		

		 

 

		﻿
		

		
			By _____________________________
		

		
			   Title:

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