Document:

Exhibit 4.01

 

INTEL CORPORATION, as Issuer

 

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

 

4.25% Senior Notes due 2042

 

 

Fourth Supplemental Indenture

 

Dated as of December 14, 2012

 

to

 

Indenture dated as of March 29, 2006

 

 

	
ARTICLE 1
    
	
Definitions and Other   Provisions of General Application
    
	
 
    	
 
    
	
Section   1.01. Definitions
    	
3
    
	
Section   1.02. Conflicts with Base Indenture
    	
3
    
	
 
    	
 
    
	
ARTICLE 2
    
	
Form of Notes
    
	
 
    	
 
    
	
Section   2.01. Form of Notes
    	
3
    
	
 
    	
 
    
	
ARTICLE 3
    
	
The Notes
    
	
 
    	
 
    
	
Section   3.01. Amount; Series; Terms
    	
3
    
	
Section   3.02. Denominations
    	
4
    
	
Section   3.03. Book-entry Provisions for Global Securities
    	
4
    
	
Section   3.04. Additional Notes
    	
4
    
	
 
    	
 
    
	
ARTICLE 4
    
	
Redemption of Securities
    
	
 
    	
 
    
	
Section   4.01. Optional Redemption
    	
5
    
	
 
    	
 
    
	
ARTICLE 5
    
	
Events of Default and Remedies
    
	
 
    	
 
    
	
Section   5.01. Events of Default
    	
5
    
	
Section   5.02. Acceleration Of Maturity; Rescission And   Annulment
    	
5
    
	
Section   5.03. References In Base Indenture
    	
5
    
	
Section   5.04. Waiver Of Certain Covenants
    	
5
    
	
 
    	
 
    
	
ARTICLE 6
    
	
Supplemental Indentures
    
	
 
    	
 
    
	
Section   6.01. Applicability Of Base Indenture
    	
5
    
	
Section   6.02. Supplemental Indentures With Consent Of Holders
    	
5
    
	
 
    	
 
    
	
ARTICLE 7
    
	
Miscellaneous
    
	
 
    	
 
    
	
Section   7.01. Sinking Funds
    	
5
    
	
Section   7.02. Confirmation of Indenture
    	
6
    
	
Section   7.03. Counterparts
    	
6
    
	
Section   7.04. Governing Law
    	
6
    

 

 

FOURTH SUPPLEMENTAL INDENTURE, dated as of December 14, 2012 (this “Supplemental Indenture”), to the Indenture dated as of March 29, 2006 (as amended by the First Supplemental Indenture (as defined below) and as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the “Base  Indenture” and, as amended, modified and supplemented by this Supplemental Indenture, the “Indenture”), by and among INTEL CORPORATION (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee (the “Trustee”).

 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the 2042 Notes (as defined herein):

 

WHEREAS, the Company has duly authorized the execution and delivery of the Base Indenture to provide for the issuance from time to time of senior debt securities to be issued in one or more series as provided in the Base Indenture;

 

WHEREAS, the Company duly authorized the execution and delivery, and requested the Trustee to join it in the execution and delivery, of that certain third supplemental indenture dated as of December 11, 2012 (the “Third Supplemental Indenture”) in order to establish and provide for the issuance by the Company of several series of Securities, including a series designated as its 4.25% Senior Notes due 2042, on the terms set forth therein;

 

WHEREAS, the Trustee was appointed as successor trustee under the Base Indenture in connection with that certain first supplemental indenture as of December 3, 2007, between the Company and the Trustee (the “First Supplemental Indenture”);

 

WHEREAS, Article 9 of the Base Indenture provides that a supplemental indenture may be entered into by the parties to establish the forms or terms of Securities without the consent of any Holders pursuant to Section 201 and Section 301 of the Base Indenture;

 

WHEREAS, Section 301 of the Base Indenture provides that a series of Securities may be reopened for issuances of additional Securities of such series or to establish additional terms of such series of Securities, and Section 3.04 of the Third Supplemental Indenture provides for, and sets forth the conditions for the issuance of such additional Securities, including additional 2042 Notes;

 

WHEREAS, the Company has duly authorized the execution and delivery, and desires and has requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Company of additional 4.25% Senior Notes due 2042 on the terms set forth therein;

 

WHEREAS, the conditions set forth in the Base Indenture for the execution and delivery of this Supplemental Indenture have been met; and

 

 

WHEREAS, all things necessary to make this Supplemental Indenture a valid and binding agreement of the parties, in accordance with its terms, and a valid amendment of, and supplement to, the Base Indenture with respect to the 2042 Notes have been done;

 

NOW, THEREFORE:

 

ARTICLE 1
  DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

 

Section 1.01.  Definitions.  Capitalized terms used herein and not otherwise defined herein have the meanings assigned to them in the Base Indenture, as supplemented by the Third Supplemental Indenture.  The words “herein”, “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

 

As used herein, the following terms have the specified meanings:

 

“2042 Notes” means the Company’s 4.25% Senior Notes due 2042, whether issued pursuant to this Supplemental Indenture or the Third Supplemental Indenture.

 

“Base Indenture” has the meaning specified in the recitals of this Supplemental Indenture.

 

“Company” means the corporation specified as the “Company” in the recitals of this Supplemental Indenture until a successor Person shall have become such pursuant to the applicable provisions of the Indenture, and thereafter “Company” shall mean such successor Person.

 

“First Supplemental Indenture” has the meaning specified in the recitals of this Supplemental Indenture.

 

“Form of Note” has the meaning specified in Section 2.01.

 

“Global Security” means, with respect to the 2042 Notes, a Security executed by the Company and delivered by the Trustee to the Depositary or pursuant to a safekeeping agreement with the Depositary, all in accordance with the Indenture, which shall be registered in global form without interest coupons in the name of the Depositary or its nominee.  References to “global Security” in the Base Indenture shall be deemed to refer to “Global Security” as defined in this Supplemental Indenture.

 

“Indenture” has the meaning specified in the recitals of this Supplemental Indenture.

 

“Initial Reopened Notes” has the meaning set forth in Section 3.01.  (b).

 

“Reference Treasury Dealer” means (1) Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman, Sachs & Co., and each of their respective successors; provided, however, that if any of the foregoing ceases to be a Primary Treasury Dealer,

 

 

we will substitute another Primary Treasury Dealer, (2) any other Primary Treasury Dealers selected by the Company and (3) any “Reference Treasury Dealer” for purposes of the Third Supplemental Indenture.

 

“Supplemental Indenture” has the meaning specified in the recitals of this Supplemental Indenture.

 

“Third  Supplemental Indenture” has the meaning specified in the recitals of this Supplemental Indenture.

 

Section 1.02.  Conflicts with Base Indenture.  In the event that any provision of this Supplemental Indenture limits, qualifies or conflicts with a provision of the Base Indenture or the Third Supplemental Indenture, such provision of this Supplemental Indenture shall control.

 

ARTICLE 2
  FORM OF NOTES

 

Section 2.01.  Form of Notes.  The 2042 Notes shall be substantially in the form of Exhibit A-4 to the Third Supplemental Indenture (the “Form of Note”), which is hereby incorporated in and expressly made a part of the Indenture.

 

ARTICLE 3
  THE 2042 NOTES

 

Section 3.01.  Amount; Series; Terms.  (a) The Third Supplemental Indenture has previously created and designated a series of Securities under the Base Indenture titled the “4.25% Senior Notes due 2042.”  The Initial Reopened Notes shall be consolidated, form a single series and be fully fungible with such 4.25% Senior Notes due 2042.  The Initial Reopened Notes shall also constitute Additional Notes with respect to the Initial 2042 Notes issued under the Third Supplemental Indenture.  Unless otherwise specified herein, the provisions of the Third Supplemental Indenture applicable to 2042 Notes issued thereunder shall apply to the 2042 Notes issued under this Supplemental Indenture.  The changes, modifications and supplements to the Base Indenture effected by this Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the 2042 Notes and shall not apply to any other series of Securities that may be issued under the Base Indenture unless a supplemental indenture with respect to such other series of Securities specifically incorporates such changes, modifications and supplements.

 

(b)                        The aggregate principal amount of 2042 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial Reopened Notes”) shall be limited to $175,000,000, subject, in each case, to increase as set forth in Section 3.04 of the Third Supplemental Indenture.

 

(c)                         The Stated Maturity of the 2042 Notes shall be December 15, 2042.  The 2042 Notes shall be payable and may be presented for payment, purchase, redemption,

 

 

registration of transfer and exchange, without service charge, at the office of the Company maintained for such purpose in Minneapolis, Minnesota, which shall initially be the office or agency of the Trustee.

 

(d)                        The 2042 Notes shall bear interest at the rate of 4.25% per annum, in each case beginning on December 11, 2012 or from the most recent date to which interest has been paid or duly provided for, as further provided in the Form of Note.  Interest shall be computed on the basis of a 360-day year composed of twelve 30-day months.  The Interest Payment Dates for the 2042 Notes shall be June 15 and December 15 of each year, beginning on June 15, 2013, and the Regular Record Date for any interest payable on each such Interest Payment Date shall be the immediately preceding June 1 and December 1, respectively. If any Interest Payment Date, Stated Maturity or other payment date with respect to the 2042 Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.

 

(e)                         The Initial Reopened Notes will be issued in the form of one or more Global Securities, deposited with the Trustee as custodian for the Depositary or its nominee, duly executed by the Company and authenticated by the Trustee as provided in Section 3.03 and the Base Indenture.

 

(f)                          The Company shall pay the principal of any Definitive 2042 Notes at the Office or Agency designated by the Company for that purpose under the Indenture. Interest on any Definitive 2042 Notes shall be payable, at the Company’s Option (i) by check mailed to the Holders of such 2042 Notes at their address in the Security Register and (ii) upon application to the Registrar, not later than the relevant Regular Record Date, by a Holder having an aggregate principal amount of Definitive 2042 Notes of at least $1,000,000, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until that Holder notifies, in writing, the Registrar to the contrary.

 

Section 3.02.  Denominations.  The Initial Reopened Notes shall be issuable only in registered form without coupons and only in denominations of $2,000 and any multiple of $1,000 in excess thereof.

 

Section 3.03.  Book-entry Provisions for Global Securities.  (a) Subject to Section 1.02 hereof, the provisions of Articles 2 and 3 of the Base Indenture, as supplemented by the provisions of the Third Supplemental Indenture, shall apply to the 2042 Notes.

 

Section 3.04.  Additional Notes.  Section 3.04 of the Third Supplemental Indenture shall apply to the 2042 Notes, and the Initial Reopened Notes shall constitute Additional Notes with respect to the Initial 2042 Notes issued thereunder.

 

 

ARTICLE 4
  REDEMPTION OF SECURITIES

 

Section 4.01.  Optional Redemption.  (a) Subject to Section 1.02 hereof, the provisions of Article 11 of the Base Indenture, as supplemented by the provisions of the Third Supplemental Indenture, shall apply to the 2042 Notes.

 

ARTICLE 5
  EVENTS OF DEFAULT AND REMEDIES

 

Section 5.01.  Events of Default.  Section 501 of the Base Indenture shall not apply to the 2042 Notes. The events set forth in the Third Supplemental Indenture, as applied to the 2042 Notes, shall constitute an “Event of Default” with respect the 2042 Notes.

 

Section 5.02.  Acceleration Of Maturity; Rescission And Annulment.  The first paragraph of Section 502 of the Base Indenture shall not apply to the 2042 Notes, and such Section 502, as supplemented by Section 5.02 of the Third Supplemental Indenture shall apply in lieu thereof.

 

Section 5.03.  References In Base Indenture.  References to “Section 501,” “Section 501(4),” Section 501(5),” “Section 501(6)” and Section 501(7) in the Base Indenture shall be deemed to refer to Section 5.01, Section 5.01(c), Section 5.01(d), Section 5.01(e) and Section 5.01 of the Third Supplemental Indenture, respectively.

 

Section 5.04.  Waiver Of Certain Covenants.  Section 1006 of the Base Indenture shall not apply to the 2042 Notes.

 

ARTICLE 6
  SUPPLEMENTAL INDENTURES

 

Section 6.01.  Applicability Of Base Indenture.  Sections 901 and 902 of the Base Indenture shall not apply to the 2042 Notes. Sections 6.02 and 6.03 of the Third Supplemental Indenture shall apply in lieu thereof, and references in the Base Indenture to Sections 901 and 902 shall be deemed to refer to such Section 6.02 and such Section 6.03, respectively.

 

Section 6.02.  Supplemental Indentures With Consent Of Holders.  Section 6.03 of the Third Supplemental Indenture shall apply with respect to all 2042 Notes issued under this Indenture.

 

ARTICLE 7
  MISCELLANEOUS

 

Section 7.01.  Sinking Funds.  Article 12 of the Base Indenture shall have no application.  The 2042 Notes shall not have the benefit of a sinking fund.

 

 

Section 7.02.  Confirmation of Indenture.  The Base Indenture, as supplemented and amended by the Third Supplemental Indenture, this Supplemental Indenture and all other indentures supplemental thereto, is in all respects ratified and confirmed, and the Base Indenture, the Third Supplemental Indenture, this Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument.

 

Section 7.03.  Counterparts.  The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.

 

Section 7.04.  Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF).

 

 

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

 

	
 
    	
INTEL CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ravi Jacob
    
	
 
    	
 
    	
Name:
    	
Ravi Jacob
    
	
 
    	
 
    	
Title:
    	
Vice President and   Treasurer
    

 

[Trustee Signature Follows]

 

[Signature Page to Supplemental Indenture]

 

 

	
 
    	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Maddy Hall
    
	
 
    	
 
    	
Name:
    	
Maddy Hall
    
	
 
    	
 
    	
Title:
    	
Vice President
    

 

[Signature Page to Supplemental Indenture]Exhibit 4.02

 

FORM OF 2042 NOTE

 

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

 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN.

 

TRANSFERS OF THIS NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE.

 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

 

 

INTEL CORPORATION
  4.25% Senior Notes due 2042

 

	
No. [·]
    	
CUSIP No.: 458140 AP5
    
	
 
    	
ISIN No.: US458140AP51
    
	
 
    	
$175,000,000
    

 

INTEL CORPORATION, a Delaware corporation (the “Issuer”), for value received promises to pay to CEDE & CO. or registered assigns the principal sum of  ONE HUNDRED SEVENTY FIVE MILLION DOLLARS ($175,000,000) on December 15, 2042.

 

Interest Payment Dates:  June 15 and December 15  (each, an “Interest Payment Date”), commencing on June 15, 2013.

 

Interest Record Dates:  June 1 and December 1 (each, a “Regular Record Date”).

 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at this place.

 

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

 

	
 
    	
INTEL CORPORATION
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
Ravi Jacob
    
	
 
    	
 
    	
Title:
    	
Vice President and   Treasurer
    
					

 

[Signature Page to Note]

 

 

This is one of the Notes of the series designated herein and referred to in the within-mentioned Indenture.

 

Dated:  December 14, 2012

 

	
 
    	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Authorized Signatory
    

 

 

(REVERSE OF NOTE)

 

INTEL CORPORATION
  4.25% Senior Notes due 2042

 

1.                                      Interest.

 

Intel Corporation (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described above.  Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from December  11, 2012.  Interest on this Note will be paid to but excluding the relevant Interest Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof.  The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on June 15, 2013.  If any Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.  Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.

 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment.

 

2.                                      Paying Agent.

 

Initially, Wells Fargo Bank, National Association (the “Trustee”) will act as Paying Agent.  The Issuer may change any Paying Agent without notice to the Holders.

 

3.                                      Indenture; Defined Terms.

 

This Note is one of the 4.25% Senior Notes due 2042 (the “Notes”) issued under the Indenture dated as of March 29, 2006, as amended by the First Supplemental Indenture dated as of December 3, 2007 (together, the “Base Indenture”) and, as amended, modified and supplemented by the Third Supplemental Indenture dated as of December 11, 2012 (the “Third Supplemental Indenture”), the Fourth Supplemental Indenture dated as of December 14, 2012 (the “Fourth Supplemental Indenture” and, together with the Base Indenture and the Third Supplemental Indenture, the “Indenture”), by and between the Issuer and the Trustee, as trustee.  This Note is a “Security” and the Notes are “Securities” under the Indenture.  Each series of Securities issued under the Third Supplemental Indenture (together with any other Securities thereafter issued and included in any such series) is referred to herein as an “Other Series of 2012 Notes” and, together with the Notes, as the “2012 Notes.”

 

 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture.  The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in effect on the date on which the Indenture was qualified under the TIA.  Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the TIA for a statement of them.  To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.

 

4.                                      Denominations; Transfer; Exchange.

 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof.  A Holder shall register the transfer or exchange of Notes in accordance with the Indenture.  The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture.  The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the electronic delivery or mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part.

 

5.                                      Amendment; Modification; Waiver.

 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the Holders of each series of 2012 Notes affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the 2012 Notes at the time Outstanding of all series of 2012 Notes affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding with respect to which a default under the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences. The Indenture also permits the Holders of not less than a majority in aggregate principal amount of the 2012 Notes at the time Outstanding of all series of 2012 Notes (voting together as a single class), on behalf of the Holders of all Securities of such series, to waive future compliance by the Issuer with certain provisions of the Indenture. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.  Without notice to or consent of any Holder, the Indenture also permits the amendment or supplement thereof to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with qualifications of the Indenture under the TIA, or make any other change that does not adversely affect the rights of Holders.

 

 

6.                                      Optional Redemption.

 

The Issuer may redeem the Notes in whole or in part, at its option, at any time or from time to time prior to Maturity (the date of such redemption, the “Redemption Date”).  The Redemption Price will be equal to the greater of:

 

(i)                                     100% of the aggregate principal amount of the Notes to be redeemed; or

 

(ii)                                  the sum, as determined by the Independent Investment Banker based on the Reference Treasury Dealer Quotations, of the present values of the Remaining Scheduled Payments, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), using a rate equal to the Treasury Rate plus 25 basis points (such sum to be calculated as set forth in the Indenture),

 

plus, in the case of (i) or (ii), accrued interest thereon to, but not including, the Redemption Date.

 

Notwithstanding the foregoing, installments of interest on Notes that are due and payable on Interest Payment Dates falling on or prior to a Redemption Date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the relevant Regular Record Date according to the Notes and the Indenture.

 

On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price and accrued interest, if any. On or before the Redemption Date for the Notes, the Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee by lot, on a pro-rata basis or by such method as the Trustee deems fair and appropriate; provided, however that in no event, shall Notes of a principal amount of $2,000 or less be redeemed in part.

 

Notice of any redemption shall be electronically delivered or mailed at least 30 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed.  Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as set forth in the Indenture, shall be set forth in an Officer’s Certificate of the Issuer delivered to the Trustee no later than two Business Days prior to the Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price.

 

 

7.                                      Defaults and Remedies.

 

If an Event of Default with respect to the Notes occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable.

 

The Indenture permits, subject to certain limitations therein provided, Holders of not less than a majority in aggregate principal amount of the Outstanding Notes to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, with respect to the Notes.

 

8.                                      Authentication.

 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note.

 

9.                                      Abbreviations and Defined Terms.

 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

10.                               CUSIP Numbers.

 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of the Notes.  No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon.

 

11.                               Governing Law.

 

The laws of the State of New York shall govern the Indenture and this Note without regard to conflicts of laws principles thereof.

 

 

ASSIGNMENT FORM

 

To assign this Note, fill in the form below:

 

I or we assign and transfer this Note to

 

(Print or type assignee’s name, address and zip code)

 

(Insert assignee’s soc. sec. or tax I.D. No.)

 

and irrevocably appoint                               agent to transfer this Note on the books of the Issuer.  The agent may substitute another to act for him.

 

	
Date:
    	
 
    	
 
    	
Your Signature:
    	
 
    

 

 

Sign exactly as your name appears on the other side of this Note.

 

	
 
    	
 
    	
 
    
	
 
    	
 
    	
Signature
    
	
 
    	
 
    	
 
    
	
Signature Guarantee:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature must be   guaranteed
    	
 
    	
Signature
    

 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended.

 

 

SCHEDULE OF EXCHANGES OF NOTES

 

The following exchanges of a part of this Global Security for certificated Notes or a part of another Global Security have been made:

 

	
Date of
   Exchange
    	
 
    	
Amount   of decrease
   in principal amount
   of this Global Security
    	
 
    	
Amount   of increase
   in principal amount
   of this Global
   Security
    	
 
    	
Principal   amount of
   this Global Security
   following such
   decrease (or
   increase)
    	
 
    	
Signature   of
   authorized officer of
   Trustee

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