Document:

exv4w1

 

Exhibit 4.1

 

GATX CORPORATION

AND

U.S. BANK NATIONAL ASSOCIATION, TRUSTEE

 

INDENTURE

 

Dated as of ______, 200[_]

Debt Securities

 

 

 

CONTENTS

ARTICLE 1

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

	 	 	 	 	 	 	 
	Section 1.1

	 	Definitions
	 	 	1	 
	Section 1.2

	 	Compliance Certificates and Opinions
	 	 	8	 
	Section 1.3

	 	Form of Documents Delivered to Trustee
	 	 	8	 
	Section 1.4

	 	Acts of Holders
	 	 	9	 
	Section 1.5

	 	Notices, Etc., to Trustee and Company
	 	 	10	 
	Section 1.6

	 	Notice to Holders of Securities; Waiver
	 	 	10	 
	Section 1.7

	 	Language of Notices, Etc
	 	 	11	 
	Section 1.8

	 	Conflict with Trust Indenture Act
	 	 	11	 
	Section 1.9

	 	Effect of Headings and Table of Contents
	 	 	11	 
	Section 1.10

	 	Successors and Assigns
	 	 	11	 
	Section 1.11

	 	Separability Clause.
	 	 	11	 
	Section 1.12

	 	Benefits of Indenture
	 	 	11	 
	Section 1.13

	 	Governing Law
	 	 	11	 
	Section 1.14

	 	Legal Holidays
	 	 	12	 

ARTICLE 2

SECURITY FORMS

	 	 	 	 	 	 	 
	Section 2.1

	 	Forms Generally
	 	 	12	 
	Section 2.2

	 	Form of Trustee’s Certificate of Authentication
	 	 	13	 
	Section 2.3

	 	Securities in Global Form
	 	 	13	 

ARTICLE 3

THE SECURITIES

	 	 	 	 	 	 	 
	Section 3.1

	 	Amount Unlimited; Issuable in Series
	 	 	13	 
	Section 3.2

	 	Denominations
	 	 	15	 
	Section 3.3

	 	Execution, Authentication, Delivery and Dating
	 	 	15	 
	Section 3.4

	 	Temporary Securities
	 	 	17	 
	Section 3.5

	 	Registration, Transfer and Exchange
	 	 	17	 
	Section 3.6

	 	Mutilated, Destroyed, Lost and Stolen Securities
	 	 	20	 
	Section 3.7

	 	Payment of Interest; Interest Rights Preserved
	 	 	21	 
	Section 3.8

	 	Persons Deemed Owners
	 	 	22	 
	Section 3.9

	 	Cancellation
	 	 	22	 
	Section 3.10

	 	Computation of Interest
	 	 	23	 

ARTICLE 4

SATISFACTION AND DISCHARGE

	 	 	 	 	 	 	 
	Section 4.1

	 	Satisfaction and Discharge of Indenture
	 	 	23	 
	Section 4.2

	 	Application of Trust Money
	 	 	24	 

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CONTENTS

ARTICLE 5

REMEDIES

	 	 	 	 	 	 	 
	Section 5.1

	 	Events of Default
	 	 	24	 
	Section 5.2

	 	Acceleration of Maturity; Rescission and Annulment
	 	 	25	 
	Section 5.3

	 	Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	27	 
	Section 5.4

	 	Trustee May File Proofs of Claim
	 	 	27	 
	Section 5.5

	 	Trustee May Enforce Claims Without Possession of Securities
	 	 	28	 
	Section 5.6

	 	Application of Money Collected
	 	 	28	 
	Section 5.7

	 	Limitation on Suits
	 	 	29	 
	Section 5.8

	 	Unconditional Right of Holders to Receive Principal, Premium and Interest	 	 	29	 
	Section 5.9

	 	Restoration of Rights and Remedies
	 	 	30	 
	Section 5.10

	 	Rights and Remedies Cumulative
	 	 	30	 
	Section 5.11

	 	Delay or Omission Not Waiver
	 	 	30	 
	Section 5.12

	 	Control by Holders of Securities
	 	 	30	 
	Section 5.13

	 	Waiver of Past Defaults
	 	 	31	 
	Section 5.14

	 	Undertaking for Costs
	 	 	31	 

ARTICLE 6

THE TRUSTEE

	 	 	 	 	 	 	 
	Section 6.1

	 	Certain Duties and Responsibilities
	 	 	32	 
	Section 6.2

	 	Notice of Defaults
	 	 	33	 
	Section 6.3

	 	Certain Rights of Trustee
	 	 	33	 
	Section 6.4

	 	Not Responsible for Recitals or Issuance of Securities
	 	 	34	 
	Section 6.5

	 	May Hold Securities
	 	 	35	 
	Section 6.6

	 	Money Held in Trust
	 	 	35	 
	Section 6.7

	 	Compensation and Reimbursement
	 	 	35	 
	Section 6.8

	 	Disqualifications; Conflicting Interests
	 	 	36	 
	Section 6.9

	 	Corporate Trustee Required; Eligibility
	 	 	36	 
	Section 6.10

	 	Resignation and Removal; Appointment of Successor
	 	 	36	 
	Section 6.11

	 	Acceptance of Appointment by Successor
	 	 	37	 
	Section 6.12

	 	Merger, Conversion, Consolidation or Succession to Business
	 	 	39	 
	Section 6.13

	 	Preferential Collection of Claims Against Company
	 	 	39	 
	Section 6.14

	 	Appointment of Authenticating Agent
	 	 	42	 

ARTICLE 7

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

	 	 	 	 	 	 	 
	Section 7.1

	 	Company To Furnish Trustee Names and Addresses of Holders
	 	 	44	 
	Section 7.2

	 	Preservation of Information; Communications to Holders
	 	 	44	 
	Section 7.3

	 	Reports by Trustee
	 	 	46	 
	Section 7.4

	 	Reports by the Company
	 	 	47	 

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CONTENTS

ARTICLE 8

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

	 	 	 	 	 	 	 
	Section 8.1

	 	Consolidations and Mergers of Company and Sales, Leases and
Conveyances Permitted Subject to Certain Conditions
	 	 	48	 
	Section 8.2

	 	Rights and Duties of Successor Corporation
	 	 	48	 
	Section 8.3

	 	Officers’ Certificate and Opinion of Counsel
	 	 	49	 

ARTICLE 9

SUPPLEMENTAL INDENTURE

	 	 	 	 	 	 	 
	Section 9.1

	 	Supplemental Indentures without Consent of Holders
	 	 	49	 
	Section 9.2

	 	Supplemental Indentures with Consent of Holders
	 	 	50	 
	Section 9.3

	 	Execution of Supplemental Indentures
	 	 	51	 
	Section 9.4

	 	Effect of Supplemental Indentures
	 	 	51	 
	Section 9.5

	 	Conformity with Trust Indenture Act
	 	 	51	 
	Section 9.6

	 	Reference in Securities to Supplemental Indentures
	 	 	52	 

ARTICLE 10

COVENANTS

	 	 	 	 	 	 	 
	Section 10.1

	 	Payment of Principal, Premium, if any, and Interest
	 	 	52	 
	Section 10.2

	 	Maintenance of Office or Agency
	 	 	52	 
	Section 10.3

	 	Money for Securities Payments To Be Held in Trust
	 	 	53	 
	Section 10.4

	 	Additional Amounts
	 	 	54	 
	Section 10.5

	 	Statement as to Compliance; Notice of Certain Defaults
	 	 	54	 
	Section 10.6

	 	Limitation on Liens
	 	 	55	 
	Section 10.7

	 	Waiver of Certain Covenants
	 	 	57	 

ARTICLE 11

REDEMPTION OF SECURITIES

	 	 	 	 	 	 	 
	Section 11.1

	 	Applicability of Article
	 	 	58	 
	Section 11.2

	 	Election to Redeem; Notice to Trustee
	 	 	58	 
	Section 11.3

	 	Selection by Trustee of Securities To Be Redeemed
	 	 	58	 
	Section 11.4

	 	Notice of Redemption
	 	 	59	 
	Section 11.5

	 	Deposit of Redemption Price
	 	 	60	 
	Section 11.6

	 	Securities Payable on Redemption Date
	 	 	60	 
	Section 11.7

	 	Securities Redeemed in Part
	 	 	60	 

ARTICLE 12

SINKING FUNDS

	 	 	 	 	 	 	 
	Section 12.1

	 	Applicability of Article
	 	 	60	 
	Section 12.2

	 	Satisfaction of Sinking Fund Payments with Securities
	 	 	61	 
	Section 12.3

	 	Redemption of Securities for Sinking Fund
	 	 	61	 

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Reconciliation and tie between

Trust Indenture Act of 1939

and Indenture

	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	§ 310 (a)(1)

	 	6.9 
	(a)(2)

	 	6.9
	(a)(3)

	 	Not Applicable
	(a)(4)

	 	Not Applicable
	(a)(5)

	 	6.9
	(b)

	 	6.8, 6.10
	§ 311 (a)

	 	6.13(a), (c)
	(b)

	 	6.13(b), (c)
	(b)(2)

	 	7.3(a)(ii), 7.3(b)
	§ 312 (a)

	 	7.1, 7.2(a)
	(b)

	 	7.2(b)
	(c)

	 	7.2(c)
	§ 313 (a)

	 	7.3(a)
	(b)(1)

	 	Not Applicable
	(b)(2)

	 	7.3(b)
	(c)

	 	7.3(c)
	(d)

	 	7.3(d)
	§ 314 (a)

	 	7.4, 10.5
	(b)

	 	Not Applicable
	(c)(1)

	 	1.2
	(c)(2)

	 	1.2
	(c)(3)

	 	1.3
	(d)

	 	Not Applicable
	(e)

	 	1.2
	(f)

	 	Not Applicable
	§ 315 (a)

	 	6.1(a)
	(b)

	 	6.2, 7.3(a)(6)
	(c)

	 	6.1(b)
	(d)

	 	6.1(c)
	(d)(1)

	 	6.1(a)(i), (c)(i)
	(d)(2)

	 	6.1(c)(ii)
	(d)(3)

	 	6.1(c)(iii)
	(e)

	 	5.14
	§ 316 (a)

	 	1.1
	(a)(1)(A)

	 	5.12
	(a)(1)(B)

	 	5.13
	(a)(2)

	 	Not Applicable
	(b)

	 	5.8
	§ 317 (a)(1)

	 	5.3
	(a)(2)

	 	5.4
	(b)

	 	10.3
	§ 318 (a)

	 	1.8

			
	 

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

-2-

 

     INDENTURE, dated as of ___, 200[ ], between GATX Corporation, a New York corporation
(hereinafter called the “Company”), having its principal office at 500 West Monroe Street, Chicago,
Illinois 60661, and U.S. Bank National Association, a national banking association duly organized
and existing under the laws of the United States of America, as Trustee (hereinafter called the
“Trustee”).

Recitals of The Company

     The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its unsecured and unsubordinated debentures, notes or other
evidences of indebtedness, unlimited as to principal amount, to bear such rates of interest, to
mature at such time or times, to be issued in one or more series and to have such other provisions
as shall be fixed as hereinafter provided.

     The Company has duly authorized the execution and delivery of this Indenture and all things
necessary to make this Indenture a valid agreement of the Company, in accordance with its terms,
have been done.

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

ARTICLE 1

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     Section 1.1 Definitions.

     For all purposes of this Indenture, except as otherwise expressly provided or unless the
context otherwise requires:

     (a) the terms defined in this Article have the meanings assigned to them in this Article, and
include the plural as well as the singular;

     (b) all other terms used herein which are defined in the Trust Indenture Act, either directly
or by reference therein, have the meanings assigned to them therein;

     (c) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles and, except as otherwise herein expressly
provided, the term “generally accepted accounting principles” with respect to any computation
required or permitted hereunder shall mean such accounting principles as are generally accepted at
the date of such computation; and

     (d) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section or other subdivision.

 

 

     Certain terms, used principally in Article Six, are defined in that Article.

     “Act” when used with respect to any Holders has the meaning specified in Section 1.4.

     “Additional Amounts” means any additional amounts which are required by a Security or
by or pursuant to a Board Resolution, under circumstances specified therein, to be paid by the
Company in respect of certain taxes imposed on certain Holders and which are owing to such Holders.

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

     “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section
6.14 to act on behalf of the Trustee to authenticate Securities of one or more series.

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

     “Board of Directors” means the Board of Directors of the Company or any duly
authorized committee thereof.

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

     “Business Day,” except as may otherwise be provided in the form of Securities of any
particular series pursuant to the provisions of this Indenture, with respect to any Place of
Payment means each Monday, Tuesday, Wednesday, Thursday
and Friday which is neither a legal holiday nor a day on which banking institutions or trust
companies in that Place of Payment are authorized or obligated by law to close.

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

2

 

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

     “Company Request” and “Company Order” mean, respectively, a written request or
order signed in the name of the Company by the Chairman, the President, any Executive or Senior
Vice President or the Treasurer, and by the Secretary, an Assistant Treasurer or an Assistant
Secretary of the Company, and delivered to the Trustee.

     “Corporate Trust Office” means the principal office or agency of the Trustee, at which
at any particular time this Indenture shall be administered, which office at the date of original
execution of this Indenture is located at 225 Asylum Street, 23rd Floor, Hartford, CT
06103, Attention: Corporate Trust Services (GATX Corporation 200[ ] Indenture), except that, with
respect to presentation of Securities for payment or registration of transfers and exchanges and
the location of the registrar, such term also includes the office or agency of the Trustee located
in the Borough of Manhattan, The City of New York, which at the date of original execution of this
Indenture is located at U.S. Bank Trust National Association, 100 Wall Street, Suite 1600, New
York, NY 10005, Attention: Corporate Trust Services.

     “corporation” means corporations, associations, partnerships, limited liability
companies and business trusts.

     “Defaulted Interest” has the meaning specified in Section 3.7.

     “Depositary” means with respect to the Securities of any series issuable or issued in
whole or in part in global form, the Person designated as Depositary by the Company pursuant to
Section 3.1(c) until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person who is
then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as
used with respect to the Securities of any such series shall mean the “Depositary” with respect to
the Securities of that series.

     “Dollars” or “$” or any similar reference shall mean currency of the United
States which at the time shall be legal tender for the payment of public and private debts.

“Event of Default” has the meaning specified in Section 5.1

     “Holder” or “Holders” when used with respect to any Security means the Person
or Persons in whose name the Security is, or Securities are, registered in the Security Register.

     “Indenture” means this instrument as originally executed or as it may from time to
time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant
to the applicable provisions hereof.

     “Information Technology Assets” means any and all information technology equipment
owned by the Company, including (but not limited to) personal computers, servers, mainframes,
midrange and communication equipment.

3

 

     “Interest” when used with respect to an Original Issue Discount Security which by its
terms bears interest only after Maturity means interest payable after Maturity, and, when used with
respect to a Security which provides for the payment of Additional Amounts pursuant to Section
10.4, includes such Additional Amounts.

     “Interest Payment Date” means the Stated Maturity of an installment of interest on the
applicable Securities.

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

     “Net Tangible Assets” at any date means the total assets of the Company as they appear
on the most recently prepared consolidated balance sheet as of the end of a fiscal quarter, less
(i) all liabilities shown on such consolidated balance sheet that are classified and accounted for
as current liabilities or that otherwise would be considered current liabilities under generally
accepted accounting principles and (ii) all assets shown on such consolidated balance sheet that
are classified and accounted for as intangible assets of the Company or that otherwise would be
considered intangible assets under generally accepted accounting principles, including, without
limitation, franchises, patents and patent applications, trademarks, brand names and goodwill.

     “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the
President, any Executive or Senior Vice President or the Treasurer, and by the Secretary or an
Assistant Secretary of the Company, and delivered to the Trustee. Each such certificate shall
include the statements provided for in Section 1.2.

     “Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise
expressly provided in this Indenture) be an employee of or counsel for the Company, or other
counsel who shall be reasonably acceptable to the Trustee. Each such opinion shall include the
statements provided for in Section 1.2.

     “Original Issue Discount Security” means a Security issued pursuant to this Indenture
which provides for declaration of an amount less than the principal thereof to be due and payable
upon acceleration pursuant to Section 5.2.

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

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

     (ii) Securities for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Company) in
trust or set aside and segregated in trust by the Company (if the Company shall act as its
own Paying Agent) for the Holders of such Securities provided that, if such Securities are
to be redeemed, notice of such redemption has been

4

 

duly given pursuant to this Indenture or
provision therefor satisfactory to the Trustee has been made; and

     (iii) Securities which have been paid pursuant to Section 3.6 or in exchange for or in
lieu of which other Securities have been authenticated and delivered pursuant to this
Indenture, other than any such Securities in respect of which there shall have been
presented to the Trustee proof satisfactory to it that such Securities are held by a bona
fide purchaser in whose hands such Securities are valid obligations of the Company;

provided, however, that in determining whether the Holders of the requisite
principal amount of Outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount
Security that may be counted in making such determination and that shall be deemed to be
outstanding for such purposes shall be equal to the amount of the principal thereof that could be
declared to be due and payable pursuant to the terms of such Original Issue Discount Security at
the time the taking of such action by the Holders of such requisite principal amount is evidenced
to the Trustee as provided in Section 1.4(a), and, provided further, that
Securities owned beneficially by the Company or any other obligor upon the Securities or any
Affiliate (other than officers or directors of the Company) of the Company or such other obligor,
shall be disregarded and deemed not to be outstanding, except that, in determining whether the
Trustee shall be protected in relying upon any such request, demand, authorization, direction,
notice, consent or waiver, only Securities which the Trustee knows to be so owned shall be so
disregarded. Securities so owned which have been pledged in good faith may be regarded as
Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to
act with respect to such Securities and that the pledgee is not the Company or any other obligor
upon the Securities or any Affiliate of the Company or such other obligor. In the case of a
dispute as to such right, the advice of counsel shall be full protection in respect of any decision
made by the Trustee in accordance with such advice. Upon request of the Trustee, the Company shall
furnish to the Trustee promptly an Officers’ Certificate listing and identifying all securities known by the Company to be owned or held by or
for the account of any of the above-described persons; and, subject to the terms of this Indenture,
the Trustee shall be entitled to accept such Officer’s Certificate as conclusive evidence of the
facts therein set forth and of the fact that all Securities not listed therein are outstanding for
the purpose of any such determination.

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

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

     “Place of Payment” when used with respect to the Securities of any series means the
place or places where, subject to the provisions of Section 10.2, the principal of (and premium, if
any) and interest on the Securities of that series are payable as specified as provided pursuant to
Section 3.1.

5

 

     “Predecessor Security” of any particular Security means every previous Security
evidencing all or a portion of the same debt as that evidenced by such particular Security; and,
for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in
exchange for or in lieu of a lost, destroyed, mutilated or stolen Security shall be deemed to
evidence the same debt as the lost, destroyed, mutilated or stolen Security.

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

     “Redemption Price” when used with respect to any Security to be redeemed means the
price at which it is to be redeemed as determined pursuant to the provisions of this Indenture.

     “Registered Security” means any Security established pursuant to Section 2.1 which is
registered in the Security Register.

     “Regular Record Date” for the interest payable on a Security on any Interest Payment
Date means the date, if any, specified in such Security as the “Regular Record Date.”

     “Responsible Officer” when used with respect to the Trustee means any officer in the
Corporate Trust Office of the Trustee and also means, with respect to a particular corporate trust
matter, any other officer of the Trustee to whom such matter is referred because of his knowledge
of and familiarity with the particular subject.

     “Restricted Subsidiary” means any subsidiary which is a consolidated subsidiary, in
accordance with generally accepted accounting principles, in the consolidated financial statements
of the Company.

     “Security” or “Securities” means any Security or Securities, as the case may
be, authenticated and delivered under this Indenture.

     “Security Register” and “Security Registrar” have the respective meanings
specified in Section 3.5.

     “Special Record Date” for the payment of any Defaulted Interest on the Securities of
any series means a dated fixed by the Trustee pursuant to Section 3.7.

     “Stated Maturity” when used with respect to any Security or any installment of
principal thereof or interest thereon means the date specified in such Security as the fixed date
on which the principal of such Security or such installment of principal or interest is due and
payable.

     “Subsidiary” means any corporation of which at the time of determination the Company
and/or one or more Subsidiaries owns or controls directly or indirectly more than 50% of the shares
of Voting Stock.

     “Transportation Assets” means (i) any and all rail equipment owned by the Company,
including (but not limited to) railcars, locomotives, shipping containers, chassis and

6

 

trailers,
(ii) any and all marine equipment owned by the Company, including (but not limited to) ships,
vessels, boats, ferries, inland and offshore barges, offshore rigs and floating storage facilities,
(iii) any and all transportation-related containers owned by the Company, and (iv) all accessories,
equipment, parts and appurtenances appertaining to, attached to or used in connection with any of
such rail equipment, marine equipment or transportation-related containers.

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

     “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as
of which this instrument was executed; provided, however, that in the event the
Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent
required by any such amendment, the Trust Indenture Act of 1939 as so amended.

     “United States” or “U.S.” means the United States of America (including the
states and the District of Columbia), its territories and possessions and other areas subject to
its jurisdiction.

     “United States Alien” means any Person who, for United States Federal income tax
purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary
of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for
United States Federal income tax purposes, a foreign corporation, a non-resident alien individual
or a non-resident alien fiduciary of a foreign estate or trust.

     “U.S. Government Obligations” means securities that are (i) direct obligations of the
United States 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 the timely payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, that, in either case under clauses (i) or (ii), are not callable
or redeemable at the option of the issuer thereof, and shall also include a depository receipt
issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation
or a specific payment of interest on or principal of any such U.S. Government Obligation held by
such custodian for the account of the holder of a depository receipt; provided that (except
as required by law) such custodian is not authorized to make any deduction from the amount payable
to the holder of such depository receipt from any amount received by the custodian in respect of
the U.S. Government Obligation or the specific payment of interest on or principal of the U.S.
Government Obligation evidenced by such depository receipt.

     “Voting Stock” means stock of the class or classes having general voting power under
ordinary circumstances to elect at least a majority of the board of directors, managers or trustees
of a corporation; provided that, for the purposes hereof, stock which carries only the

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right to vote conditionally on the happening of an event shall not be considered voting stock
whether or not such event shall have happened.

     Section 1.2 Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee (i) an Officers’ Certificate
stating that all conditions precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with, (ii) an Opinion of Counsel stating that in the opinion of
such counsel all such conditions precedent, if any, have been complied with, except that in the
case of any such application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such particular application or
request, no additional certificate or opinion need be furnished, and (iii) in the case of
conditions precedent compliance with which is subject to verification by accountants, a certificate
or opinion of an accountant that satisfies Section 314(c)(3) of the Trust Indenture Act.

     Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture shall include:

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

     (b) 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;

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

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

     Section 1.3 Form of Documents Delivered to Trustee.

     In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by
the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to
such matters in one or several documents. Any certificate or opinion of an officer of the Company
may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of reasonable care
should know, that the certificate or opinion or representations with respect to the matters upon
which his certificate or opinion is based are erroneous. Any such certificate or Opinion of
Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of,
or representations by, an officer or officers of the Company, unless such counsel

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knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with
respect to such matters are erroneous.

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

     Any certificate, statement or opinion of an officer of the Company or of counsel may be based
insofar as it relates to accounting matters, upon a certificate or opinion of or representations by
a firm of accountants or an accountant in the employ of the Company, unless such officer or
counsel, as the case may be, knows that the certificate or opinion or representations with respect
to the accounting matters upon which his certificate, statement or opinion may be based as
aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous.

     Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is a registered independent public accounting
firm.

     Section 1.4 Acts of Holders.

     (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by agent
duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby
expressly required, to the Company. Such instrument or instruments (and the action embodied
therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for
any purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the Trustee and
the Company and any agent of the Trustee or the Company, if made in the manner provided in this
Section.

     (b) The fact and date of the execution by any Person of any such instrument or writing may be
proved in any reasonable manner which the Trustee deems sufficient and in accordance with such
reasonable rules as the Trustee may determine; and the Trustee may in any instance require further
proof with respect to any of the matters referred to in this Section.

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

     (d) If the Company shall solicit from the Holders of any Securities any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by
Board Resolution, fix in advance a record date for the determination of Holders of Securities
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other
Act, but the Company shall have no obligation to do so. If such a record

9

 

date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before
or after such record date, but only the Holders of Securities of record at the close of business on
such record date shall be deemed to be Holders for the purposes of determining whether Holders of
the requisite proportion of Outstanding Securities have authorized or agreed or consented to such
request, demand, authorization, direction, notice, consent, waiver or other Act, and for that
purpose the Outstanding Securities shall be computed as of such record date; provided that no such
authorization, agreement or consent by the Holders on such record date shall be deemed effective
unless it shall become effective pursuant to the provisions of this Indenture not later than six
months after the record date.

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

     Section 1.5 Notices, Etc., to Trustee and Company.

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

     (a) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate
Trust Office, Attention: Corporate Trust Administration Division, or

     (b) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to the Company addressed to the attention of its Treasurer at the address of its
principal office specified in the first paragraph of this instrument or at any other address
previously furnished in writing to the Trustee by the Company.

     Section 1.6 Notice to Holders of Securities; Waiver.

     Except as otherwise expressly provided herein or in the form of Securities of any particular
series pursuant to the provisions of this Indenture, where this Indenture provides for notice to
Holders of Securities of any event, such notice shall be sufficiently given to Holders of
Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Security
affected by such event, at his address as it appears in the Security Register, not later than the
latest date, and not earlier than the earliest date, prescribed for the giving of such notice.

     In any case where notice to Holders of Securities is given by mail, neither the failure to
mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security
shall affect the sufficiency of such notice with respect to other Holders of Securities. In the
case by reason of the suspension of regular mail service or by reason of any other cause it shall
be impracticable to give such notice by mail, then such notification as shall be made with the
approval of the Trustee shall constitute a sufficient notification for every purpose hereunder.

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

     Section 1.7 Language of Notices, Etc.

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

     Section 1.8 Conflict with Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with another provision hereof which is
required to be included in this Indenture by any of the provisions of the Trust Indenture Act, such
latter provisions shall control.

     Section 1.9 Effect of Headings and Table of Contents.

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

     Section 1.10 Successors and Assigns.

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

     Section 1.11 Separability Clause.

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

     Section 1.12 Benefits of Indenture.

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

     Section 1.13 Governing Law.

     This Indenture and the Securities shall be governed by and construed in accordance with the
laws of the State of New York.

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     Section 1.14 Legal Holidays.

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

ARTICLE 2

SECURITY FORMS

     Section 2.1 Forms Generally.

     The Securities, if any, of each series and Securities in global form, if any, shall be in the
form established by or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, shall have appropriate insertions, omissions, substitutions and other variations as are
required or permitted by this Indenture or any indenture supplemental hereto and may have such
letters, numbers or other marks of identification and such legends or endorsements placed thereon
as may, consistently herewith, be determined by the officers of the Company executing such
Securities, as evidenced by their execution of such Securities. If the forms of the Securities of
any series are established by action taken pursuant to a Board Resolution, a copy of an appropriate
record of such action shall be certified by the Secretary or an Assistant Secretary of the Company
and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by
Section 3.3 for the authentication and delivery of such Securities.

     Unless otherwise provided as contemplated by Section 3.1 with respect to any series of
Securities, the Securities of each series shall be issuable in registered form without coupons.

     The definitive Securities shall be printed, lithographed or engraved or produced by any
combination of these methods on a steel engraved border or steel engraved borders or may be
produced in any other manner, all as determined by the officers of the Company executing such
Securities, as evidenced by their execution of such Securities.

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     Section 2.2 Form of Trustee’s Certificate of Authentication.

     The Trustee’s Certificate of Authentication shall be in substantially the following form:

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

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as Trustee

 	 
	 	By  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

     Section 2.3
Securities in Global Form.

     If Securities of a series are issuable in whole or in part in global form, any such Security
may provide that it shall represent the aggregate amount of Outstanding Securities from time to
time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities
represented thereby may from time to time be reduced to reflect exchanges or increased to reflect
the issuance of additional Securities. Any endorsement of a Security in global form to reflect the
amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby
shall be made in such manner and by such Person or Persons, as shall be specified therein or in the
Company Order delivered to the Trustee pursuant to Section 3.3.

ARTICLE 3

THE SECURITIES

     Section 3.1 Amount Unlimited; Issuable in Series.

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

     The Securities may be issued in one or more series. There shall be established in or pursuant
to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more
indentures supplemental hereto prior to the issuance of Securities of any series:

     (a) the title of the Securities and the series in which such Securities shall be included;

     (b) the limit, if any, upon the aggregate principal amount of the Securities of such title and
the Securities of such 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 the series pursuant to Section 3.4, 3.5, 3.6, 9.6 or 11.7);

     (c) whether Securities of the series may be issued in whole or in part in global form and, if
so, the identity of the Depositary for such Securities in global form,
and the terms and conditions, if any, upon which interests in such Securities in global form
may be exchanged, in whole or in part, for the individual Securities represented thereby;

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     (d) the date or dates on which the principal of such Securities is payable;

     (e) the rate or rates at which such Securities shall bear interest, if any, or method by which
such rate or rates are determined, the date or dates from which such interest shall accrue, the
Interest Payment Dates on which such interest shall be payable and the Regular Record Date for the
interest payable on Registered Securities on any Interest Payment Date, whether and under what
circumstances Additional Amounts on such securities shall be payable in respect of specified taxes,
assessments or other governmental charges withheld or deducted and, if so, whether the Company has
the option to redeem the affected Securities rather than pay such Additional Amounts, and the basis
upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day
months;

     (f) the place or places, if any, in addition to or other than the Borough of Manhattan, The
City of New York, where the principal of (and premium, if any) and interest on or Additional
Amounts, if any, payable in respect of such Securities shall be payable, where such Securities may
be surrendered for registration of transfer, where such Securities may be surrendered for exchange
and where notice and demands to or upon the Company, in respect of such Securities and this
Indenture, may be served and where notices to Holders pursuant to Section 1.6 will be published;

     (g) the period or periods within which, the price or prices at which and the terms and
conditions upon which such Securities may be redeemed, in whole or in part, at the option of the
Company or a Holder;

     (h) the obligation, if any, of the Company to redeem such Securities pursuant to any sinking
fund and the period or periods within which, the price or prices at which and the terms and
conditions upon which such Securities shall be redeemed in whole or in part, pursuant to such
obligation;

     (i) the denominations in which Securities of the series, if any, shall be issuable if other
than denominations of $1,000 and any integral multiple thereof;

     (j) if other than the principal amount thereof, the portion of the principal amount of such
Securities which shall be payable upon declaration of acceleration of the Maturity thereof pursuant
to Section 5.2;

     (k) if the amount of payments of principal of (and premium, if any) or interest, if any, on,
and Additional Amounts in respect of such Securities may be determined with reference to an index,
formula or other method other than that in which the Securities are stated to be payable, the
manner in which such amounts shall be determined;

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

     (m) whether, and under what conditions, Additional Amounts will be payable to Holders of
Securities of such series pursuant to Section 10.4;

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     (n) any Events of Default with respect to Securities of such series, if not otherwise set
forth herein; and

     (o) any other terms of such Securities (which terms shall not be inconsistent with the
provisions of this Indenture).

     All Securities of any one series shall be substantially identical except as to denomination
and the rate or rates of interest, if any, redemption dates and sinking fund dates, if any, and
Stated Maturity, the date from which interest, if any, shall accrue, the amount that shall be
payable upon the declaration of acceleration and except as may otherwise be provided in or pursuant
to such Board Resolution and set forth in such Officers’ Certificate or in any such indenture
supplemental hereto. All Securities of any one series need not be issued at the same time and,
unless otherwise provided, a series may be reopened for issuances of additional Securities of such
series.

     If any of the terms of the Securities of any series were 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 such series.

     Section 3.2 Denominations.

     Unless other denominations and amounts may from time to time be fixed by or pursuant to a
Board Resolution, the Registered Securities of each series, if any, shall be issuable in registered
form without coupons in denominations of $1,000 and any integral multiple thereof.

     Section 3.3 Execution, Authentication, Delivery and Dating.

     The Securities shall be executed on behalf of the Company by its Chairman of the Board,
President, any Executive or Senior Vice President or its Treasurer under its corporate seal
reproduced thereon and attested by its Secretary or one of its Assistant Secretaries. The
signature of any of these officers on the Securities may be manual or facsimile. The seal of the
Company may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or
otherwise reproduced on the Securities. Typographical and other minor errors or defects in any
such reproduction of the seal or any such signature shall not affect the validity or enforceability
of any Security that has been duly authenticated and delivered by the Trustee.

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

     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 the Board Resolution and Officers’ Certificate or supplemental
indenture with respect to such Securities referred to in Section 3.1 and a Company Order for the
authentication and delivery of such Securities, and the Trustee in accordance with the Company
Order and subject to the provisions hereof shall authenticate and deliver such

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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
6.1) shall be fully protected in relying upon, an Opinion of Counsel stating,

     (a) that the form and terms of such Securities have been established in conformity with the
provision of this Indenture;

     (b) that all conditions precedent set forth in this Indenture to the authentication and
delivery of such Securities have been complied with and that such Securities, when authenticated
and delivered by the Trustee and issued by the Company in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the
Company, enforceable against the Company in accordance with their terms, subject to bankruptcy,
insolvency, moratorium, reorganization and other laws of general applicability relating to or
affecting the enforcement of creditors’ rights and to general equity principles; and

     (c) as to such other matters as the Trustee may reasonably request;

provided, however, that if all the Securities of any series are not to be issued at
one time, it shall not be necessary to deliver an Opinion of Counsel at the time of issuance of
each Security, but such Opinion of Counsel, with appropriate modifications, may instead be
delivered at or prior to the time of the first issuance of Securities of such series.

     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 or if the Trustee, being advised by counsel, determines that such action may not
lawfully be taken.

     If the Company shall establish pursuant to Section 3.1 that Securities of a series may be
issued in whole or in part in global form, then the Company shall execute and the Trustee shall, in
accordance with this Section and the Company Order with respect to such series, authenticate and
deliver one or more Securities in global from that (i) shall represent and shall be denominated in
an authorized aggregate amount equal to the aggregate principal amount of the Outstanding Securities of such series and tenor to be
represented by one or more Securities in global form, (ii) shall be registered, in the name of the
Depositary for such Security or Securities in global form or the nominee of such Depositary, (iii)
shall be delivered to such Depositary or pursuant to such Depositary’s instruction and (iv) shall
bear a legend substantially to the following effect: “Unless and until it is exchanged in whole or
in part for Notes in certificated form, this Note may not be transferred except as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or by the Depositary or any such nominee to a successor
Depositary or a nominee of such successor Depositary. Unless this certificate is presented by an
authorized representative of the Depository Trust Company (55 Water Street, New York, New York) to
the issuer or its agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of CEDE & CO. or such other name as requested by an authorized
representative of the Depository Trust Company and any payment is made to CEDE & CO., any transfer,
pledge or

16

 

other use hereof for value or otherwise by or to any person is wrongful since the
registered owner hereof, CEDE & CO., has an interest herein.” Each Depositary designated pursuant
to Section 3.1 for a Security in global form must, at the time of its designation and at all times
while it serves as Depositary, be a clearing agency registered under the Securities Exchange Act of
1934 and any other applicable statute or regulation.

     Each Security shall be dated the date of its authentication.

     No Security shall be entitled to any benefit under this Indenture or be valid or obligatory
for any purpose, unless there appears on such Security a certificate of authentication
substantially in the form provided for in Section 2.2 or 6.14 executed by or on behalf of the
Trustee by the manual signature of one of its authorized signatories, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such Security has been duly
authenticated and delivered hereunder.

     Section 3.4 Temporary Securities.

     Pending the preparation of definitive Securities of any series, the Company may execute and
deliver to the Trustee, and upon Company Order the Trustee shall authenticate and deliver, in the
manner provided in Section 3.3, temporary Securities of such series which are printed,
lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they are issued, in
registered form without coupons and with such appropriate insertions, omissions, substitutions and
other variations as the officers of the Company executing such Securities may determine, as
evidenced by their execution of such Securities. In the case of Securities of any series, such
temporary Securities may be in global form, representing all of the Outstanding Securities of such
series and tenor.

     Except in the case of temporary Securities in global form, which shall be exchanged in
accordance with the provisions thereof, if temporary Securities of any series are issued, the
Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities, the
temporary Securities of such series shall be exchangeable upon request for definitive Securities of
such series containing identical terms and provisions upon surrender of the temporary Securities of
such series at an office or agency of the Company maintained for such purpose pursuant to Section
10.2, without charge to the Holder. Upon surrender for cancellation of any one or more temporary
Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver
in exchange therefor a like principal amount of definitive Securities of authorized denominations
of the same series containing identical terms and provisions. Unless otherwise specified as
contemplated by Section 3.1 with respect to a temporary Security in global form, until so exchanged
the temporary Securities of any series shall in all respects be entitled to the same benefits under
this Indenture as definitive Securities of such series.

     Section 3.5 Registration, Transfer and Exchange.

     With respect to the Securities of each series, if any, the Company shall cause to be kept, at
an office or agency of the Company maintained pursuant to Section 10.2, a register

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(herein
sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations
as it may prescribe, the Company shall provide for the registration of the Securities of each
series and of transfers of the Securities of each series. The Trustee is hereby appointed
“Security Registrar” for the purpose of registering Securities and transfers and exchanges of
Securities as herein provided; provided that the Company may, from time to time, designate
(or change any designation of) any other Person or Persons to act as Security Registrar or
co-Security Registrars with respect to the Securities of one or more series, with notice to the
Trustee and as provided in Section 1.6 to the Holders. At all reasonable times the Security
Register shall be open for inspection by the Company. In the event that the Trustee shall not be
the Security Registrar, it shall have the right to examine the Security Register at all reasonable
times.

     Upon surrender for registration of transfer of any Security of any series at any office or
agency of the Company maintained for that series pursuant to Section 10.2, the Company shall
execute, and the Trustee, at the direction of the Company, shall authenticate and deliver, in the
name of the designated transferee or transferees, one or more new Securities of the same series of
an authorized denomination, of a like aggregate principal amount bearing a number not
contemporaneously outstanding and containing identical terms and provisions.

     Notwithstanding any other provision of this Section, unless and until it is exchanged in whole
or in part for the individual Securities represented thereby, in definitive form, a Security in
global form representing all or a portion of the Securities of a series may not be transferred
except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee
of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary
or any such nominee to a successor Depositary for such series or a nominee of such successor
Depositary.

     At the option of the Holder, Securities of any series may be exchanged for other Securities of
the same series containing identical terms and provisions, in any authorized denominations, and of a like aggregate principal amount, upon surrender of the
Securities to be exchanged at any such office or agency of the Company maintained for that series
pursuant to Section 10.2. Whenever any Securities are so surrendered for exchange, the Company
shall execute, and the Trustee, at the direction of the Company, shall authenticate and deliver,
the Securities which the Holder making the exchange is entitled to receive.

     If at any time the Depositary for the Securities of a series notifies the Company that it is
unwilling or unable to continue as Depositary for the Securities of such series or if at any time
the Depositary for the Securities of such series shall no longer be eligible under Section 3.3, the
Company, by Company Order, shall appoint a successor Depositary with respect to the Securities of
such series. If a successor Depositary for the Securities of such series is not appointed by the
Company within 90 days after the Company receives such notice or becomes aware of such
ineligibility, the Company’s election pursuant to Section 3.1(c) shall no longer be effective with
respect to the Securities of such series and the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of definitive Securities of such
series, will authenticate and deliver, Securities of such series in definitive form in an aggregate
principal amount and of like terms and tenor equal to the principal amount of the Security or
Securities in global form representing such series in exchange for such Security or Securities in
global form.

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     The Company may at any time and in its sole discretion determine that individual Securities of
any series issued in global form shall no longer be represented by such Security or Securities in
global form. In such event the Company will execute, and the Trustee, upon receipt of a Company
Order for the authentication and delivery of individual definitive Securities of such series and of
the same terms and tenor, will authenticate and deliver individual Securities of such series in
definitive form in authorized denominations and in an aggregate principal amount equal to the
principal amount of the Security or Securities in global form representing such series in exchange
for such Security or Securities in global form.

     If specified by the Company pursuant to Section 3.1 with respect to a series of Securities,
the Depositary for such series of Securities may surrender a Security in global form for such
series of Securities in exchange in whole or in part for individual Securities of such series in
definitive form and of like terms and tenor on such terms as are acceptable to the Company, the
Trustee and such Depositary. Thereupon, the Company shall execute, and the Trustee upon receipt of
a Company Order for the authentication and delivery of individual definitive Securities of such
series, shall authenticate and deliver, without service charge:

     (a) to the Depositary or to each Person specified by such Depositary a new individual Security
or Securities of the same series and of the same tenor, of authorized denominations, in aggregate
principal amount equal to and in exchange for such Person’s beneficial interest in the Security in
global form; and

     (b) to such Depositary a new Security in global form in a denomination equal to the
difference, if any, between the principal amount of the surrendered Security in global form and the
aggregate principal amount of the individual Securities delivered to Holders thereof.

     In any exchange provided for in any of the preceding three paragraphs, the Company will
execute and the Trustee pursuant to a Company Order will authenticate and deliver individual
Securities in definitive registered form in authorized denominations.

     Upon the exchange of a Security in global form for Securities in definitive form, at the
direction of the Company, such Security in global form shall be cancelled by the Trustee.
Securities issued in exchange for a Security in global form pursuant to this Section shall be
registered in such names and in such authorized denominations as the Depositary for such Security
in global form, pursuant to instructions from its direct or indirect participants or otherwise,
shall instruct the Trustee in writing. The Trustee shall deliver such Securities to the persons in
whose names such Securities are so registered or to the Depositary.

     Whenever any Securities are so surrendered for exchange, the Company shall execute, and the
Trustee, at the direction of the Company, shall authenticate and deliver, the Securities which the
Holder making the exchange is entitled to receive.

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

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

     No service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or exchange of
Securities, other than exchanges pursuant to Section 3.4, 9.6 or 11.7 not involving any transfer.

     The Company shall not be required (i) to issue, register the transfer of or exchange any
Securities of any series during a period beginning at the opening of business 15 days before the
day of the selection for redemption of Securities of that series under Section 11.3 and ending at
the close of business on the day of such selection, or (ii) to register the transfer of or exchange
any Security so selected for redemption in whole or in part, except in the case of any Security to
be redeemed in part, the portion thereof not to be redeemed.

     Section 3.6 Mutilated, Destroyed, Lost and Stolen Securities.

     If any mutilated Security is surrendered to the Trustee, the Company shall execute and the
Trustee, at the direction of the Company, shall authenticate and deliver in exchange therefor a new
Security of the same series containing identical terms and of like principal amount and bearing a
number not contemporaneously outstanding.

     If there be delivered to the Company and to the Trustee (i) evidence to their satisfaction of
the destruction, loss or theft of any Security, and (ii) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless, then, in the
absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and upon its request the Trustee shall authenticate and
deliver, in exchange for or in lieu of any such destroyed, lost or stolen Security, a new Security
of the same series containing identical terms and of like principal amount and bearing a number not
contemporaneously outstanding.

     In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay
such Security.

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

     Every new Security of any series issued pursuant to this Section in lieu of any destroyed,
lost or stolen Security shall constitute an original additional contractual obligation of the
Company, whether or not the destroyed, lost or stolen Security shall be at any time

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enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately
with any all other Securities of that series duly issued hereunder.

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

     Section 3.7 Payment of Interest; Interest Rights Preserved.

     Interest on any Security which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall, if so provided in such Security, be paid to the Person in whose name
that Security (or one or more Predecessor Securities) is registered as of the close of business on
the Regular Record Date for such interest.

     Any interest on any Security of any series which is payable, but is not punctually paid or
duly provided for, on any Interest Payment Date for such Security (herein called “Defaulted
Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted
Interest may be paid by the Company, at its election in each case, as provided in clause (a) or (b)
below:

     (a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the
Securities affected (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 be not more than 15 days and not
less than 10 days prior to the date of the proposed payment and not less than 10 days after the
receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify
the Company of such Special Record Date and, in the name and at the expense of the Company, shall
cause notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be mailed, first class postage prepaid, to each Holder of such Securities at his
address as it appears in the Security Register not less than 10 days prior to such Special Record
Date. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a
similar notice to be published at least once in a newspaper, customarily published in the English
language on each Business Day and of general circulation in the Borough of Manhattan, The City of
New York, but such publication shall not be a condition precedent to the establishment of 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
at the close of business on such Special Record Date and shall no longer be payable pursuant to the
following clause (b).

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     (b) The Company may make payment of any Defaulted Interest 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 payment shall be
deemed practicable by the Trustee.

     Interest on Securities of any series that bear interest may be paid by mailing a check to the
address of the person entitled thereto as such address shall appear in the Security Register.

     Subject to the foregoing provisions of this Section and Section 3.5, each Security delivered
under this Indenture upon registration of transfer of or in exchange for or in lieu of any other
Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried
by such other Security.

     Section 3.8 Persons Deemed Owners.

     Prior to due presentment of a Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name such Security is
registered as the owner of such Security for the purpose of receiving payment of principal of (and
premium, if any), and (subject to Sections 3.5 and 3.7) interest on and Additional Amounts with
respect to, such Security and for all other purposes whatsoever, whether or not such Security be
overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be
affected by notice to the contrary.

     None of the Company, the Trustee, any Authenticating Agent, any Paying Agent, the Security
Registrar or any co-Security Registrar will have any responsibility or liability for any aspect of
the records relating to or payments made on account of beneficial ownership interests of a Security
in global form or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests and each of them may act or refrain from acting without liability on any
information relating to such records provided by the Depositary.

     Section 3.9 Cancellation.

     All Securities surrendered for payment, redemption, repayment, registration of transfer or
exchange or for credit against any sinking fund payment, if surrendered to any Person other than
the Trustee, shall be delivered to the Trustee, and any such Securities and Securities surrendered
directly to the Trustee for any such purpose shall be promptly cancelled by it. The Company may at
any time deliver to the Trustee for cancellation any Securities previously authenticated and
delivered hereunder which the Company may have acquired in any manner whatsoever, and all
Securities so delivered shall be promptly cancelled by the Trustee at the direction of the Company.
No securities shall be authenticated in lieu of or in exchange for any Securities cancelled as
provided in this Section, except as expressly permitted by this Indenture. All cancelled
Securities held by the Trustee shall be destroyed by it unless by a Company Order the Company
directs their return to it.

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          Section 3.10 Computation of Interest.

          Except as otherwise contemplated by Section 3.1 for Securities of any series, interest on the
Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

ARTICLE 4

SATISFACTION AND DISCHARGE

          Section 4.1 Satisfaction and Discharge of Indenture.

          Upon the direction of the Company by a Company Order, this Indenture shall cease to be of
further effect (except as to any surviving rights of registration of transfer or exchange of
Securities herein expressly provided for, rights, obligations, duties and immunities of the Trustee
set forth in the last paragraph of this Section and any right to receive Additional Amounts, as
provided in Section 10.4), and the Trustee, pursuant to a Company Order and at the expense of the
Company, shall execute proper instructions acknowledging satisfaction and discharge of this
Indenture, when

          (a) either

          (i) all Securities theretofore authenticated and delivered (other than (A) Securities
which have been destroyed, lost or stolen and which have been replaced or paid as provided
in Section 3.6, and (B) Securities for whose payment money has theretofore been deposited in
trust or segregated and held in trust by the Company and thereafter repaid to the Company or
discharged from such trust, as provided in Section 10.3) have been delivered to the Trustee
for cancellation; or

          (ii) all such Securities not theretofore delivered to the Trustee for cancellation

               (1) have become due and payable, or

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

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

and the Company, in the case of (1), (2) or (3) above, has irrevocably deposited or caused to be
deposited with the Trustee as trust funds in trust for the purpose an amount sufficient to pay and
discharge, or U.S. Government Obligations, maturing as to principal and paying interest in such
amounts and at such times as will insure the availability of cash sufficient to pay and discharge,
the entire indebtedness on such Securities not theretofore delivered to the Trustee for
cancellation, for principal (and premium, if any) and interest, and any Additional Amounts with

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respect thereto, to the date of such deposit (in the case of Securities which have become due and
payable) or to the Stated Maturity or Redemption Date, as the case may be;

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

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

          In the event there are Securities of two or more series hereunder, the Trustee shall be
required to execute an instrument acknowledging satisfaction and discharge of this Indenture only
if requested to do so by Company Order with respect to Securities of all series as to which it is
Trustee and if the other conditions thereto are met. In the event there are two or more Trustees
hereunder, then the effectiveness of any such instrument shall be conditioned upon receipt of such
instruments from all Trustees hereunder.

          Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 6.7 and, if money shall have been deposited with the Trustee
pursuant to subclause (ii) of clause (a) of this Section, the obligations of the Trustee under
Section 4.2 and the last paragraph of Section 10.3 shall survive.

          Section 4.2 Application of Trust Money.

          Subject to the provisions of the last paragraph of Section 10.3, all money deposited with the
Trustee pursuant to Section 4.1 shall be held in trust and applied by it, in accordance with the
provisions of the Securities, and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine,
to the Persons entitled thereto, of the principal (and premium, if any) and any interest and
Additional Amounts for whose payment such money has been deposited with the Trustee; but such money
need not be segregated from other funds except to the extent required by law.

ARTICLE 5

REMEDIES

          Section 5.1 Events of Default.

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

          (a) default in the payment of any interest on or any Additional Amounts payable in respect of
any of the Securities of such series as and when such interest or Additional Amounts becomes due
and payable, and continuance of such default for a period of 30 days; or

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          (b) default in the payment of all or any part of the principal of (and premium, if any, on)
any of the Securities of such series as and when the same becomes due and payable at Maturity, or
default in the deposit of any sinking fund payment, when and as due by the terms of any of the
Securities of such series; or

          (c) default in the performance, or breach, of any covenant or agreement of the Company in the
Securities of such series or this Indenture (other than a covenant or agreement a default in whose
performance or whose breach is elsewhere in this Section specifically dealt with), and continuance
of such default or breach for a period of 90 days after there has been given, by registered or
certified mail, return receipt requested, to the Company by the Trustee or to the Company and the
Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities to which
covenant or agreement relates a written notice specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of Default” hereunder; or

          (d) a court having jurisdiction in the premises shall enter a decree or order for relief in
respect of the Company in an involuntary case or proceeding under any applicable bankruptcy,
insolvency, reorganization or other similar law now or hereafter in effect, or appointing a
receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the
Company or for any substantial part of its property, or ordering the winding-up or liquidation of
its affairs, and such decree or order shall remain unstayed and in effect for a period of 90
consecutive days; or

          (e) the Company shall commence a voluntary case or other proceeding seeking liquidation,
reorganization or other relief with respect to itself or its debts under any bankruptcy,
insolvency, reorganization or other similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator, custodian, sequestrator or other similar official
of it or any substantial part of its property, or shall consent to any such relief or to the
appointment of or taking possession by any such official in an involuntary case or other proceeding
commenced against it, or shall make a general assignment for the benefit of creditors, or shall
fail generally to pay its debts as they become due, or shall take any corporate action to authorize
any of the foregoing; or

          (f) any other Event of Default provided with respect to Securities of that series.

          Section 5.2 Acceleration of Maturity; Rescission and Annulment.

          If an Event of Default described in clause (a), (b) or (c) above (if the Event of Default
under clause (c) above is with respect to less than all series of Securities then outstanding)
occurs and is continuing, then, and in each and every case, unless the principal of all of the
Securities of such 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 Outstanding Securities of such
series (each such series voting as a separate class in the case of an Event of Default under clause
(a) or (b) and all such series voting as one class in the case of an Event of Default under clause
(c)), by notice in writing to the Company (and to the Trustee if given by such Holders), may
declare the entire principal of all Securities of such series, or such lesser amount as may be

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provided for in the Securities of that series, and the interest accrued thereon to be due and
payable immediately, and upon any such declaration the same shall become immediately due and
payable.

          If an Event of Default described in clause (c) above with respect to all series of Outstanding
Securities, or any Event of Default described in clause (d) or (e) above occurs and is continuing,
then, and in each and every such case, unless the principal of all the Securities shall have
already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate
principal amount of all the Outstanding Securities (treated as one class), by notice in writing to
the Company (and to the Trustee if given by such Holders), may declare the entire principal of all
the Outstanding Securities, or such lesser amount as may be provided for in the Securities, and
interest accrued thereon to be due and payable immediately, and upon any such declaration the same
shall become immediately due and payable.

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

          (a) the Company has paid or deposited with the Trustee a sum sufficient to pay:

          (i) all overdue installments of interest on and any Additional Amounts payable in
respect of all Securities of that series (or upon all the Securities, as the case may be),

          (ii) the principal of (and premium, if any, on) any Securities of that series (or upon
all the Securities, as the case may be) which have become due otherwise than by such
declaration of acceleration and interest thereon at the rate or rates borne by or provided
for in such Securities,

          (iii) to the extent that payment of such interest is lawful, interest upon overdue
installments of interest and Additional Amounts at the rate or rates borne by or provided
for in such Securities, and

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

          (b) all Events of Default with respect to Securities, other than the non-payment of the
principal of Securities which has become due solely by such declaration of acceleration, have been
cured or waived as provided in Section 5.13.

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          No such rescission shall affect any subsequent default or impair any right consequent thereon.

          Section 5.3 Collection of Indebtedness and Suits for Enforcement by Trustee.

          The Company covenants that if

          (a) default is made in the payment of any installment of interest on or any Additional Amounts
payable in respect of any Security when such interest or Additional Amounts shall have become due
and payable and such default continues for a period of 30 days, or

          (b) default is made in the payment of the principal of (or premium, if any, on) any Security
at its Maturity,

          the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Securities the whole amount then due and payable on such Securities for principal (and premium, if
any) and interest and Additional Amounts, if any, with interest upon the overdue principal (and
premium, if any) and, to the extent that payment of such interest shall be legally enforceable,
upon overdue installments of interest or any Additional Amounts, at the rate or rates borne by or
provided for in such Securities, and, in addition thereto, such further amount as shall be
sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.

          If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of
the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may
enforce the same against the Company or any other obligor upon such Securities and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of the property of the
Company or any other obligor upon such Securities, wherever situated.

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

          Section 5.4 Trustee May File Proofs of Claim.

          In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the
Company or any other obligor upon the Securities or the property of the Company or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective
of whether the Trustee shall have made any demand on the Company for the payment of overdue

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principal or interest) shall be entitled and empowered, by intervention in such proceeding or
otherwise,

          (a) to file and prove a claim for the whole amount, or such lesser amount as may be provided
for in the Securities of that series, of principal (and premium, if any) and interest and any
Additional Amounts owing and unpaid in respect of the Securities and to file such other papers or
documents as may be necessary or advisable in order to have the claims of the Trustee (including
any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents or counsel) and of the Holders allowed in such judicial proceeding, and

          (b) to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same;

          and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any
such judicial proceeding is hereby authorized by each Holder of Securities to make such payments to
the Trustee and, in the event that the Trustee shall consent to the making of such payments
directly to the Holders of Securities, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel and any other amounts due the Trustee under Section 6.7.

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

          Section 5.5 Trustee May Enforce Claims Without Possession of Securities.

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

          Section 5.6 Application of Money Collected.

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

          First: To the payment of all amounts due the Trustee under Section 6.7; and

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          Second: To the payment of the amounts then due and unpaid upon the Securities for principal
(and premium, if any) and interest and any Additional Amounts payable 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 aggregate amounts due and payable on such Securities for principal (and
premium, if any), interest and Additional Amounts, respectively; and

          Third: The balance, if any, to the Person or Persons entitled thereto.

          Section 5.7 Limitation on Suits.

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

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

          (b) the Holders of not less than 25% in principal amount of the Outstanding Securities of that
series shall have made written request to the Trustee to institute proceedings in respect of such
Event of Default in its own name as Trustee hereunder;

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

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

          (e) no direction inconsistent with such written request has been given to the Trustee during
such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities
of that series;

it being understood and intended that no one or more of such Holders shall have any right in any
manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb
or prejudice the rights of any other such Holders or Holders of any other series, or to obtain or
to seek to obtain priority or preference over any other Holders or to enforce any right under this
Indenture, except in the manner herein provided and for the equal and ratable benefit of all such
Holders.

          Section 5.8 Unconditional Right of Holders to Receive Principal, Premium and Interest.

          Notwithstanding any other provision in this Indenture, the Holder of any Security shall have
the right, which is absolute and unconditional, to receive payment of the principal of (and
premium, if any) and (subject to Sections 3.5 and 3.7) interest on and any Additional Amounts in
respect of such Security on the respective Stated Maturity or Maturities expressed in such Security
(or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement
of any such payment, and such right shall not be impaired without the consent of such Holder.

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          Section 5.9 Restoration of Rights and Remedies.

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

          Section 5.10 Rights and Remedies Cumulative.

          Except as provided in Section 5.7 and except as otherwise provided with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders
of Securities is intended to be exclusive of any other right or remedy, and every right and remedy
shall, to the extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy.

          Section 5.11 Delay or Omission Not Waiver.

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

          Section 5.12 Control by Holders of Securities.

          The Holders of a majority in principal amount of the Outstanding Securities of any series
shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee or exercising any trust or power conferred on the Trustee with
respect to the Securities of such series, provided that

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

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

          (c) such direction is not unduly prejudicial to the rights of other Holders of Securities of
such series.

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          Section 5.13 Waiver of Past Defaults.

          Prior to a declaration of acceleration of the Maturity of the Securities of any series as
provided in Section 5.2, the Holders of not less than a majority in principal amount of Outstanding
Securities of any series (each series voting as a separate class) may on behalf of the Holders of
all the Securities of such series waive any past default or Event of Default described in clause
(c) of Section 5.1 which relates to less than all of the series of Outstanding Securities, or the
Holders of not less than a majority in principal amount of all Outstanding Securities (voting as
one class) may on behalf of all Holders waive any past default or Event of Default described in
said clause (c) (which relates to all series of Outstanding Securities) or in clause (d) or (e) of
Section 5.1, except a default

          (a) in the payment of the principal of (and premium, if any) or interest on or Additional
Amounts payable in respect of any Security of such series, or

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

          Upon any such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other default or impair any right consequent thereon.

          Section 5.14 Undertaking for Costs.

          All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit,
other than the Trustee, 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, including the Trustee, 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 Company, the Trustee or by any Holder, or group of Holders, holding
in the aggregate more than 10% in principal amount of the Outstanding Securities of any series, or
to any suit instituted by any Holder of any Security for the enforcement of the payment of the
principal of (and premium, if any) or interest on or any Additional Amounts in respect of any
Security on or after the respective Stated Maturity or Maturities expressed in such Security (or,
in the case of redemption, on or after the Redemption Date) or interest on any overdue principal of
any Security.

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ARTICLE 6

THE TRUSTEE

          Section 6.1 Certain Duties and Responsibilities.

          (a) Except during the continuance of an Event of Default known to the Trustee,

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

          (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture; but in the case of any such certificates or opinions which by any provisions
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.

          (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise
such of the rights and powers vested in it by this Indenture, and use the same degree of care and
skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs.

          (c) 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

          (i) this subsection shall not be construed to limit the effect of subsection (a) of
this Section;

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

          (iii) the Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the Holders of a majority in
principal amount of the Outstanding Securities of any series, relating to the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture with respect
to the Securities of such series; and

          (iv) no provision of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if it shall have

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reasonable grounds for believing that repayment of such funds or adequate indemnity
against such risk or liability is not reasonably assured to it.

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

          Section 6.2 Notice of Defaults.

          Within 90 days after the occurrence of any default hereunder with respect to the Securities of
any series, the Trustee shall transmit by mail to all Holders of Securities of such series entitled
to receive reports pursuant to Section 7.3(c), notice of such default hereunder known to a
Responsible Officer of the Trustee, unless such default shall have been cured or waived;
provided, however, that, except in the case of a default in the payment of the
principal of (and premium, if any) or interest on, or any Additional Amounts with respect to, any
Security of such series or in the payment of any sinking fund installment with respect to
Securities of such series, the Trustee shall be protected in withholding such notice if and so long
as the board of directors, the executive committee or a trust committee of directors and
responsible officers of the Trustee in good faith determines that the withholding of such notice is
in the interests of the Holders of Securities of such series; and provided further,
that in the case of any default of the character specified in Section 5.1(c) with respect to
Securities of such series, no such notice to Holders shall be given until at least 30 days after
the occurrence thereof. For the purpose of this Section, the term “default” means any event which
is, or after notice or lapse of time or both would become, an Event of Default, with respect to
Securities of such series. A default shall not be considered known to a Responsible Officer of the
Trustee unless it is a default in the payment of principal (and premium, if any) or interest when
due under Section 5.1(a) or (b) or a Responsible Officer of the Trustee shall have received written
notice thereof, in accordance with this Indenture, from the Company or from the holders of a
majority in principal amount of the outstanding Securities of the series to which the default
relates.

          Section 6.3 Certain Rights of Trustee.

          Except as otherwise provided in Section 6.1:

          (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, direction,
consent, order, bond, debenture, note, or other paper or document reasonably believed by it to be
genuine and to have been signed or presented by the proper party or parties;

          (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced
by a Company Request or Company Order (other than delivery of any Security to the Trustee for
authentication and delivery pursuant to Section 3.3, 3.5 or 3.6 which shall be sufficiently
evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently
evidenced by a Board Resolution;

          (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the
Trustee (unless other evidence be herein specifically prescribed) may, in the

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absence of bad faith on its part, request and rely upon an Officers’ Certificate, an Opinion
of Counsel, or both;

          (d) the Trustee may consult with counsel and the written advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon;

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

          (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, direction,
consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may
make such further inquiry or investigation into such facts or matters as it may see fit, and, if
the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney;

          (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;

          (h) the Trustee shall not be liable for interest on or the investment of any money received by
it except as the Trustee may agree with the Company;

          (i) the permissive rights of the Trustee to do things enumerated in this Indenture shall not
be construed as a duty, and the Trustee shall not be answerable for other than its negligence or
willful misconduct; and

          (j) the rights, privileges, protections, immunities and benefits given to the Trustee,
including, but not limited to, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, whether as agent or otherwise, and
to each agent, custodian and other person employed to act hereunder.

          Section 6.4 Not Responsible for Recitals or Issuance of Securities.

          The recitals contained herein and in the Securities, except the Trustee’s certificate of
authentication, shall be taken as the statements of the Company, and the Trustee or any
Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Securities. The
Trustee or any Authenticating Agent shall not be accountable for the use or application by the
Company of Securities or the proceeds thereof.

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          Section 6.5 May Hold Securities.

          The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other
agent of the Company, in its individual or any other capacity, may become the owner or pledgee of
Securities and, subject to Sections 6.8 and 6.13, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

          Section 6.6 Money Held in Trust.

          Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from
other funds except to the extent required by law. Neither the Trustee nor any Paying Agent shall
be under any liability for interest on any money received by it hereunder except as otherwise
agreed with the Company.

          Section 6.7 Compensation and Reimbursement.

          The Company agrees

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

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

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

          As security for the performance of the obligations of the Company under this Section, the
Trustee shall have a lien prior to the Securities of any series upon all property and funds held or
collected by the Trustee as such, except funds held in trust for the payment of principal of (or
premium, if any) or interests on or any Additional Amounts with respect to the Securities.

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          Section 6.8 Disqualifications; Conflicting Interests. If the Trustee has or shall
acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall
either eliminate such interest or resign, to the extent and in the manner provided by, and subject
to the provisions of, the Trust Indenture Act and this Indenture.

          Section 6.9 Corporate Trustee Required; Eligibility.

          There shall at all times be a Trustee hereunder which shall be a corporation organized and
doing business under the laws of the United States of America, any State or the District of
Columbia, authorized under such laws to exercise corporate trust powers, having (or, in the case of
a subsidiary of a bank holding company, its parent shall have) a combined capital and surplus of at
least $50,000,000 and subject to supervision or examination by Federal or State authority. If such
corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall
resign immediately in the manner and with the effect hereinafter specified in this Article.
Neither the Company nor any Affiliate of the Company may serve as Trustee.

          Section 6.10 Resignation and Removal; Appointment of Successor.

          (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee under Section 6.11.

          (b) The Trustee may resign at any time with respect to the Securities of one or more series by
giving written notice thereof to the Company. If the instrument of acceptance by a successor
Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to such series.

          (c) The Trustee may be removed at any time with respect to the Securities of any series by Act
of the Holders of a majority in principal amount of the Outstanding Securities of such series,
delivered to the Trustee and to the Company.

          (d) If at any time:

          (i) the Trustee shall fail to comply with Section 6.8 after written request therefor by
the Company or by any Holder of a Security who has been a bona fide Holder of a Security for
at least six months, or

          (ii) the Trustee shall cease to be eligible under Section 6.9 and shall fail to resign
after written request therefor by the Company or by any such Holder of a Security, or

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          (iii) The Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or of its property shall be appointed or any public
officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation,

then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect
to all Securities, or (ii) subject to Section 5.14, any Holder of a Security who has been a bona
fide Holder of a Security of any series for at least six months may, on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee with respect to all Securities of such series and the appointment of a successor Trustee or
Trustees. Such courts may thereupon, after such notice, if any, as it may deem proper, remove the
Trustee and appoint a successor Trustee with respect to such Securities.

          (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Securities of one or more
series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees
with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and
that at any time there shall be only one Trustee with respect to the Securities of any particular
series) and shall comply with the applicable requirements of Section 6.11. If, within one year
after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee with respect to the Securities of any series shall have been appointed by Act of the
Holders of a majority in principal amount of the Outstanding Securities of such series delivered to
the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its
acceptance of such appointment in accordance with the applicable requirements of Section 6.11,
become the successor Trustee with respect to the Securities of such series and to that extent
supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to
the Securities of any series shall have been so appointed by the Company or the Holders of
Securities and accepted appointment in the manner required by Section 6.11, any Holder of a
Security who has been a bona fide Holder of a Security of such series for at least six months may,
on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series. Such court may thereupon, after such notice, if any, as it may deem proper, remove the
Trustee and appoint a successor Trustee with respect to such Securities.

          (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Securities of any series and each appointment of a successor Trustee with respect to
the Securities of any series by mailing written notice of such event by first class mail, postage
prepaid, to the Holders of Securities of such series as their names and addresses appear in the
Security Register. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office.

          Section 6.11 Acceptance of Appointment by Successor.

          (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,

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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) if the retiring Trustee is not retiring with respect to all Securities, shall
contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring
Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such Trustees co-trustees of the same trust, 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 notice given to, or received by, or
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 other than as hereinafter
expressly set forth, and each such successor Trustee without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series to which the appointment of such successor
Trustee relates; but, on request of the Company 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.

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          Section 6.12 Merger, Conversion, Consolidation or Succession to Business.

          Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Trustee, including the administration of this Indenture, by sale or
otherwise, shall be the successor of the Trustee hereunder, provided such corporation shall be
otherwise qualified and eligible under this Article, without the execution or filing of any paper
or any further act on the part of any of the parties hereto. In case any Securities 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 6.13 Preferential Collection of Claims Against Company.

          (a) Subject to 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 four 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):

          (i) 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 four month 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 (ii) 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

          (ii) 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 four-month 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:

          (i) 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 proceedings for reorganization pursuant to the Bankruptcy
Act (as used in Section 311 of the Trust Indenture Act) or applicable state law;

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          (ii) 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 four-month period;

          (iii) 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 four month 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 four months; or

          (iv) to receive payment on any claim referred to in paragraph (ii) or (iii), against
the release of any property held as security for such claim as provided in paragraph (ii) or
(iii), as the case may be, to the extent of the fair value of such property.

          For the purposes of paragraphs (ii), (iii) and (iv) immediately above, property substituted
after the beginning of such four-month 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 Holders of
Securities and the holders of other indenture securities in such manner that the Trustee, the
Holders of Securities 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 proceedings 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 and the Holders of Securities and the holders of other indenture securities dividends on
claims filed against the Company in bankruptcy or receivership or in proceedings 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 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 proceedings 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 proceedings for reorganization is pending shall have jurisdiction (i)
to apportion between the Trustee and the Holders of Securities 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 proceeds thereof, or (ii) in lieu of such apportionment, in whole or in

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part, to give to the provisions of this paragraph due consideration in determining the
fairness of the distributions to be made to the Trustee and the Holders of Securities 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 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 which has resigned or been removed after the beginning of such four-month period
shall be subject to the provisions of this Subsection as though such resignation or removal had not
occurred. If any Trustee has resigned or been removed prior to the beginning of such four-month
period, it shall be subject to the provisions of this Subsection if and only if the following
conditions exist:

          (1) 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 four month period; and

          (2) such receipt of property or reduction of claim occurred within four 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:

          (i) 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;

          (ii) advances authorized by a receivership or bankruptcy court of competent
jurisdiction, or by this Indenture, for the purpose of preserving any property which shall
at any time be subject to the lien of this Indenture or of discharging tax liens or other
prior liens or encumbrances thereon, if notice of such advances and of the circumstances
surrounding the making thereof is given to the Holders of Securities at the time and in the
manner provided in this Indenture;

          (iii) disbursements made in the ordinary course of business in the capacity of trustee
under an indenture, transfer agent, registrar, custodian, paying agent, fiscal agent or
depositary, or other similar capacity;

          (iv) 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;

          (v) the ownership of stock or of other securities of a corporation organized under the
provisions of Section 25(a) of the Federal Reserve Act (as used in Section 311 of the Trust
Indenture Act), as amended, which is directly or indirectly a creditor of the Company; or

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          (vi) 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) For the purpose of this Section only:

          (i) the term “default” means any failure to make payment in full of the principal of or
interest on any of the Securities or upon the other indenture securities when and as such
principal or interest becomes due and payable;

          (ii) the term “other indenture securities” means securities upon which the Company is
an obligor outstanding under any other indenture (i) under which indenture and as to which
securities the Trustee is also trustee, (ii) which contains provisions substantially similar
to the provisions of this Section, and (iii) under which a default exists at the time of the
apportionment of the funds and property held in such special account;

          (iii) the term “cash transaction” means 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;

          (iv) the term “self-liquidating paper” means 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 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;

          (v) the term “Company” means any obligor upon the Securities; and

          (vi) the term “Federal Bankruptcy Code” means the Bankruptcy Code of 1978, as amended,
or Title 11 of the United States Code.

          Section 6.14 Appointment of Authenticating Agent

          The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series
of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities
of such series issued upon original issue or exchange, registration of transfer or partial
redemption thereof or pursuant to Section 3.6, 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. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of
the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf

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of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to
the Company and shall at all times be a corporation organized and doing business under the laws of
the United States of America, any State thereof or the District of Columbia, authorized under such
laws to act as Authenticating Agent, having a combined capital and surplus of not less than
$50,000,000 and subject to supervision or examination by Federal or State authority. If such
Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such Authenticating Agent shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any
time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this
Section, such Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section.

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

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

          The Trustee agrees to pay each Authenticating Agent from time to time reasonable compensation
for its services under this Section, and the Trustee shall be entitled to be reimbursed for such
payments, subject to the provisions of Section 6.7.

          The provisions of Sections 3.8, 6.4 and 6.5 shall be applicable to each Authenticating Agent.

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

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

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By  	 	 
	 	 	As Authenticating Agent 	 
	 	 	 	 
	 
	 	 	 
	 	By  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

          If all of the Securities of any series may not be originally issued at one time, and if the
Trustee does not have an office capable of authenticating Securities upon original issuance located
in a Place of Payment where the Company wishes to have Securities of such series authenticated upon
original issuance, the Trustee, if so requested in writing (which writing need not comply with
Section 1.2) by the Company, shall appoint in accordance with this Section 6.14 an Authenticating
Agent having an office in a Place of Payment designated by the Company with respect to such series
of Securities.

ARTICLE 7

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

          Section 7.1 Company To Furnish Trustee Names and Addresses of Holders.

          The Company will furnish or cause to be furnished to the Trustee:

          (a) semi-annually, not later than June 15 and December 15 each year, a list, in such form as
the Trustee may reasonably require, of the names and addresses of the Holders of Securities of such
series as of the June 1 and December 1 preceding such June 15 or December 15;

          (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, that, in each case, so long as the Trustee is the Security
Registrar, no such list shall be required to be furnished.

          Section 7.2 Preservation of Information; Communications to Holders.

          (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names
and addresses of Holders of Securities (i) contained in the most recent list furnished to the
Trustee for each series as provided in Section 7.1, and (ii) received by the Trustee for each
series in the capacity of Security Registrar if the Trustee is then acting in such

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capacity. The Trustee may destroy any list furnished to it as provided in Section 7.1 upon
receipt of a new list so furnished.

          (b) If three or more Holders of Securities of any 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 of such series 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 with the Holders of all Securities
with respect to their rights under this Indenture or under the 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

               (i) afford such applicants access to the information preserved at the time by the
Trustee in accordance with Section 7.2(a), or

               (ii) inform such applicants as to the approximate number of Holders of Securities whose
names and addresses appear in the information preserved at the time by the Trustee in
accordance with Section 7.2(a), and as to the approximate cost of mailing to such Holders
the form of proxy or other communication, if any, specified in such application.

          If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon written request of such applicants, mail to each Holder of Securities whose
name and address appears in the information preserved at the time by the Trustee in accordance with
Section 7.2(a), a copy of the form of proxy or other communication which is specified in such
request, with reasonable promptness after a tender to the Trustee of the material to be mailed and
of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five
days after such tender the Trustee shall mail to such applicants and file with the Commission,
together with a copy of the material to be mailed, a written statement to the effect that, in the
opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of
Securities or would be in violation of applicable law. Such written statement shall specify the
basis of such opinion. If the Commission, after opportunity for a hearing upon the objections
specified in the written statement so filed, shall enter an order refusing to sustain any of such
objections or if, after the entry of an order sustaining one or more of such objections, the
Commission shall find, after notice and opportunity for hearing, that all the objections so
sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of
such material to all such Holders of Securities with reasonable promptness after the entry of such
order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or
duty to such applicants respecting their application.

          (c) Every Holder of 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 Section 7.2(b), regardless of
the source from which such information was derived, and that the

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Trustee shall not be held accountable by reason of mailing any material pursuant to a request
made under Section 7.2(b).

          Section 7.3 Reports by Trustee.

          (a) Within 60 days after May 15 of each year commencing with the year 2008, the Trustee shall
transmit by mail to all Holders of Securities, if required by Section 313(a) of the Trust Indenture
Act and as provided in Subsection (c) of this Section, a brief report dated as of such May 15 with
respect to:

          (i) any change to its eligibility under Section 6.9 and its qualifications under
Section 6.8, or in lieu thereof, if to the best of its knowledge it has continued to be
eligible and qualified under said Sections, a written statement to such effect;

          (ii) the creation of any material change to a relationship specified in paragraphs (1)
through (10) of Section 310(b) of the Trust Indenture Act;

          (iii) 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, except that the Trustee shall not be required (but may elect) to
report such advances if such advances so remaining unpaid aggregate not more than 1/2 of 1% of
the principal amount of the Securities Outstanding on the date of such report;

          (iv) 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 an indebtedness based upon a creditor
relationship arising in any manner described in Section 6.13(b)(ii), (iii), (iv) or (vi);

          (v) the property and funds, if any, physically in the possession of the Trustee as such
on the date of such report;

          (vi) any additional issue of Securities which the Trustee has not previously reported;
and

          (vii) any action taken by the Trustee in the performance of its duties hereunder which
it has not previously reported and which in its opinion materially affects the Securities,
except action in respect of a default, notice of which has been or is to be withheld by the
Trustee in accordance with Section 6.2, provided however, that if the Trust Indenture Act is
amended subsequent to the date hereof to eliminate the requirement of the Trustee’s brief
report, the report required by this Section need not be transmitted to any Holders.

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          (b) The Trustee shall transmit by mail to all Holders of Securities, as provided in subsection
(c) to this Section, 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 subsection (a) of this
Section (or if no such report has yet been so transmitted, since the date of execution of this
instrument) for the reimbursement of which it claims or may claim a lien or charge, prior to that
of the Securities, on property or funds collected by it as Trustee, and which it has not previously
reported pursuant to this subsection, except that the Trustee shall not be required (but may elect)
to report such advances if such advances remaining unpaid at any time aggregate 10% or less of the
principal amount of the Securities Outstanding at such time, such report to be transmitted within
90 days after such time.

          (c) Reports pursuant to this Section and Section 6.2 shall be transmitted by mail:

          (i) to all Holders of Securities, as the names and addresses of such Holders appear in
the Security Register;

          (ii) to such holders of indenture securities that have within the two years preceding
such transmission, filed their names and addresses with the Trustee for that purpose; and

          (iii) except in the case of reports pursuant to subsection (b) of this Section, to each
Holder of a Security whose name and address is preserved at the time by the Trustee, as
provided in Section 7.2(a).

          (d) A copy of each such report shall, at the time of such transmission to Holders of
Securities, be filed by the Trustee with any stock exchange upon which the Securities are listed,
with the Commission and with the Company. The Company will notify the Trustee when any Securities
are listed on any stock exchange.

          Section 7.4 Reports by the Company.

          The Company shall:

          (a) file with the Trustee, within 30 days after the Company is required to file the same with
the Commission, copies of the annual reports and of the information, documents and other reports
(or copies of such portions of any of the foregoing as the Commission may from time to time by
rules and regulations prescribe) which the Company may be required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company
is not required to file information, documents or reports pursuant to either of said Sections, then
it shall file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such of the supplementary and periodic information,
documents and reports which may be required pursuant to Section 13 of the Securities Exchange Act
of 1934 in respect of a security listed and registered on a national securities exchange as may be
prescribed from time to time in such rules and regulations;

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

          (c) transmit within 30 days after the filing thereof with the Trustee, in the manner and to
the extent provided in Section 7.3(c) with respect to reports pursuant to Section 7.3(a), such
summaries of any information, documents and reports required to be filed by the Company pursuant to
paragraphs (a) and (b) of this Section as may be required by rules and regulations prescribed from
time to time by the Commission.

ARTICLE 8

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

          Section 8.1 Consolidations and Mergers of Company and Sales, Leases and Conveyances
Permitted Subject to Certain Conditions.

          The Company covenants that it will not merge or consolidate with any other corporation or sell
or convey all or substantially all of its assets to any Person, unless (i) either the Company shall
be the continuing corporation, or the successor corporation or the Person which acquires by sale or
conveyance substantially all the assets of the Company (if other than the Company) shall be a
corporation organized under the laws of the United States of America or any State thereof and shall
expressly assume the due and punctual payment of the principal of and interest on all the
Securities, according to their tenor, and the due and punctual performance and observance of all of
the covenants and conditions of this Indenture to be performed or observed by the Company, by
supplemental indenture satisfactory to the Trustee, executed and delivered to the Trustee by such
corporation, and (ii) the Company or such successor corporation, as the case may be, shall not,
immediately after such merger or consolidation, or such sale or conveyance, be in default in the
performance of any such covenant or condition.

          Section 8.2 Rights and Duties of Successor Corporation.

          In case of any such consolidation, merger, sale, lease or conveyance and upon any such
assumption by the successor corporation, 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 the predecessor corporation shall be relieved of any further obligation 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, 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 corporation, 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 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

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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.

          In case of any such consolidation, merger, sale, lease or conveyance, such changes in
phraseology and form (but not in substance) may be made in the Securities thereafter to be issued
as may be appropriate.

          Section 8.3 Officers’ Certificate and Opinion of Counsel.

          The Trustee, subject to the provisions of Sections 6.1 and 6.3, may receive an Officers’
Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation, merger,
sale, lease or conveyance, and any such assumption and any such supplemental indenture, if any,
complies with the provisions of this Article and that all conditions precedent herein provided
relating to such transactions have been complied with.

ARTICLE 9

SUPPLEMENTAL INDENTURE

          Section 9.1 Supplemental Indentures without Consent of Holders.

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

          (a) to evidence the succession of another Person to the Company, and the assumption by any
such successor of the covenants of the Company herein and in the Securities contained; or

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

          (c) to change or eliminate any restrictions on the payment of principal (or premium, if any)
on Securities or to permit or facilitate the issuance of Securities in uncertificated form,
provided any such action shall not adversely affect the interests of the Holders of Securities of
any series in any material respect; or

          (d) to change or eliminate any provision of this Indenture, provided that any such
change or elimination (i) shall become effective only when there is no Security Outstanding of any
series created prior to the execution of such supplemental indenture which is entitled to the
benefit of such provision or (ii) shall not apply to any Security Outstanding; or

          (e) to establish the form or terms of Securities of any series as permitted by Sections 2.1
and 3.1; or

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          (f) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to the Securities of one or more series and to add to or change any of the provisions
of this Indenture as shall be necessary to provide for or facilitate the administration of the
trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.11(b); or

          (g) to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other provisions with
respect to matters or questions arising under this Indenture which shall not adversely affect the
interest of the Holders of Securities of any series in any material respect; or

          (h) to add to, delete from or revise the conditions, limitations and restrictions on the
authorized amount, terms or purposes of issue, authentication and delivery of Securities, as herein
set forth; or

          (i) to add any additional Events of Default (and if such Events of Default are to be
applicable to less than all series of Securities stating that such Events of Default are expressly
being included solely to be applicable to such series); or

          (j) to add to or change or eliminate any provision of this Indenture as shall be necessary or
desirable in accordance with any amendments to the Trust Indenture Act, provided such action shall
not adversely affect the interest of the Holders of the Securities of any series in any material
respect; or

          (k) to secure the Securities pursuant to Section 10.6.

          Section 9.2 Supplemental Indentures with Consent of Holders.

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

          (a) change the Stated Maturity of the principal of, or any installment of interest on, any
Security, or reduce the principal amount thereof or the rate of interest thereon or any Additional
Amounts payable in respect thereof, or any premium payable upon the redemption thereof, or change
the obligation of the Company to pay Additional Amounts pursuant to Section 10.4 (except as
contemplated by Section 8.1 and permitted by Section 9.1(a)), or reduce the amount of the principal
of an Original Issue Discount Security that would be due and payable upon a declaration of
acceleration of the maturity thereof pursuant to Section 5.2, or change any Place of Payment where,
or the coin or currency in which, any Security or any premium or the interest thereon is payable,
or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or

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          (b) reduce the percentage in principal amount of the Outstanding Securities of any series, the
consent of whose Holders is required for any such supplemental indenture, or the consent of whose
Holders is required for any waiver (of compliance with certain provisions of this Indenture or
certain defaults hereunder and their consequences) provided for in this Indenture, or

          (c) modify any of the provisions of this Section, or Section 5.13, or Section 10.7, except to
increase any such percentage or to provide that certain other provisions of this Indenture cannot
be modified or waived without the consent of the Holder of each Outstanding Security affected
thereby, or

          (d) adversely affect the right to repayment, if any, of Securities of any series at the option
of the Holders thereof.

          A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of such series with
respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series.

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

          Section 9.3 Execution of Supplemental Indentures.

          In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trust created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 6.1) shall be fully protected in
relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter
into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities
under this Indenture or otherwise.

          Section 9.4 Effect of Supplemental Indentures.

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

          Section 9.5 Conformity with Trust Indenture Act.

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

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          Section 9.6 Reference in Securities to Supplemental Indentures.

          Securities of any series authenticated and delivered after the execution of any supplemental
indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in
form approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by
the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities
of such series.

ARTICLE 10

COVENANTS

          Section 10.1 Payment of Principal, Premium, if any, and Interest.

          The Company covenants and agrees for the benefit of the Holders of each series of Securities
that it will duly and punctually pay the principal of (and premium, if any), interest on and any
Additional Amounts payable in respect of the Securities of that series in accordance with the terms
of such series of Securities and this Indenture.

          Section 10.2 Maintenance of Office or Agency.

          The Company will maintain in each Place of Payment for any series of Securities an office or
agency where Securities of that series may be presented or surrendered for payment, where
Securities of that series may be surrendered for registration of transfer or exchange and where
notices and demands to or upon the Company in respect of the Securities of that series and this
Indenture may be served. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent
to receive all such presentations, surrenders, notices and demands.

          The Company may also from time to time designate one or more other offices or agencies where
the Securities of one or more series may be presented or surrendered for any or all such purposes
and may from time to time rescind such designations; provided, however, that no
such designation or rescission shall in any manner relieve the Company of its obligation to
maintain an office or agency in each Place of Payment for Securities of any series for such
purposes. The Company will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency. Unless otherwise
set forth in a Board Resolution or indenture supplemental hereto with respect to a series of
Securities, the Company hereby designates as the Place of Payment for each series of Securities the
Borough of Manhattan, The City of New York, and initially appoints U.S. Bank Trust National
Association, an Affiliate of the Trustee, at its Corporate Trust Office as the Company’s office or
agency for each of such purposes in such city.

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          Section 10.3 Money for Securities Payments To Be Held in Trust.

          If the Company shall at any time act as its own Paying Agent with respect to any series of
Securities, it will, on or before each due date of the principal of (and premium, if any), or
interest on, any of the Securities of that series, segregate and hold in trust for the benefit of
the Person entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest
so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein
provided, and will promptly notify the Trustee of its action or failure so to act.

          Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, on or 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.

          The Company will cause each Paying Agent for any series of Securities other than the Trustee
to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the
Trustee, subject to the provisions of this Section, that such Paying Agent will

          (a) hold all sums held by it for the payment of the principal of (and premium, if any) or
interest on Securities of that series in trust for the benefit of the Persons entitled thereto
until such sums shall be paid to such Persons or otherwise disposed of as herein provided;

          (b) give the Trustee notice of any default by the Company (or any other obligor upon the
Securities of that series) in the making of any payment of principal (and premium, if any) or
interest on the Securities of that series; and

          (c) at any time during the continuance of any such default, upon the written request of the
Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent.

          The Company may at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay,
to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by
the Trustee upon the same 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.

          Except as otherwise provided in the form of Securities of any particular series pursuant to
the provisions of this Indenture, any money deposited with the Trustee or any Paying Agent, or then
held by the Company, in trust for the payment of the principal of (and premium, if any) or interest
on any Security of any series and remaining unclaimed for two years after such principal (and
premium, if any) or interest has become due and payable shall be paid to the Company on Company
Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of
such Security shall thereafter, as an unsecured general creditor, look only

53

 

to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon
cease; provided, however, that the Trustee or such Paying Agent, before being
required to make any such repayment, may at the expense of the Company cause to be published once,
in an Authorized Newspaper in each Place of Payment or to be mailed to Holders of Securities, or
both, notice that such money remains unclaimed and that, after a date specified therein, which
shall not be less than 30 days from the date of such publication or mailing, any unclaimed balance
of such money then remaining will be repaid to the Company. In the absence of a written request
from the Company to return unclaimed funds to the Company, the Trustee shall from time to time
deliver all unclaimed funds to or as directed by applicable escheat authorities, as determined by
the Trustee in its sole discretion, in accordance with the customary practices and procedures of
the Trustee. Any unclaimed funds held by the Trustee pursuant to this section shall be held
uninvested and without any liability for interest.

          Section 10.4 Additional Amounts.

          If the Securities of a series provide for the payment of Additional Amounts, the Company will
pay to the Holder of any Security of any series Additional Amounts as provided therein. Whenever
in this Indenture there is mentioned, in any context, the payment of the principal of (or premium,
if any) or interest on, or in respect of, any Security of any series or the net proceeds received
on the sale or exchange of any Security of any series, such mention shall be deemed to include
mention of the payment of Additional Amounts provided for in the terms of such Security and this
Section to the extent that, in such context, Additional Amounts are, were or would be payable in
respect thereof pursuant to the provisions of this Section and express mention of the payment of
Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding
Additional Amounts in those provisions hereof where such express mention is not made.

          If the Securities of a series provide for the payment of Additional Amounts, at least 10 days
prior to the first Interest Payment Date with respect to that series of Securities (or if the
Securities of that series will not bear interest prior to Maturity, the first day on which a
payment of principal (and premium, if any) is made, and at least 10 days prior to each date of
payment of principal (and premium, if any) or interest, if there has been any change with respect
to the matters set forth in the below-mentioned Officers’ Certificate), the Company will furnish
the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee,
with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents
whether such payment of principal (and premium, if any) or interest on the Securities of that
series shall be made to Holders of Securities of that series who are United States Aliens without
withholding for or on account of any tax, assessment or other governmental charge described in the
Securities of that series. If any such withholding shall be required, then such Officers’
Certificate shall specify by country the amount, if any, required to be withheld on such payments
to such Holders of Securities and the Company will pay to the Trustee or such Paying Agent the
Additional Amounts required by the terms of such Security and the first paragraph of this Section.
The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless
against, any loss, liability or expense reasonably incurred without negligence or bad faith on
their part arising out of or in connection with actions taken or omitted by any of them in reliance
on any Officers’ Certificate furnished pursuant to this Section.

54

 

          Section 10.5 Statement as to Compliance; Notice of Certain Defaults.

          (a) The Company will deliver to the Trustee, within 120 days after the end of each fiscal year
(which on the date hereof ends on December 31), a written statement, which need not comply with
Section 1.2, signed by the principal executive officer, the principal financial officer or the
principal accounting officer of the Company, stating that

          (i) a review of the activities of the Company and its subsidiaries during such year and
of performance under this Indenture has been made under his supervision, and

          (ii) to the best of his knowledge, based on such review, (a) the Company has fulfilled
all of its obligations under this Indenture throughout such year, or, if there has been a
default in the fulfillment of any such obligation, specifying each such default known to him
and the nature and status thereof, and (b) no event has occurred and is continuing which is,
or after notice or lapse of time or both would become, an Event of Default, or, if such
event has occurred and is continuing, specifying each such event known to him and the nature
and status thereof.

          (b) The Company will deliver to the Trustee within five days after the occurrence thereof,
written notice of any event which after notice or lapse of time or both would become an Event of
Default pursuant to clause (d) of Section 5.1.

          Section 10.6 Limitation on Liens

          Except as provided below the Company will not, and will not permit any Restricted Subsidiary
to, at any time pledge or otherwise subject to any lien any of its or such Restricted Subsidiary’s
property, tangible or intangible, real or personal (hereinafter “property”), without thereby
expressly securing the Securities (together, if the Company so chooses, with any other securities
entitled to the benefit of a similar covenant) equally and ratably with any and all other
obligations and indebtedness secured by such pledge or other lien, so long as any such other
obligations and indebtedness shall be so secured, and the Company covenants that if and when any
such pledge or other lien is created, the Securities will be so secured thereby; provided, that,
this restriction shall not apply to any lien or charge on any property existing as of the date of
this Indenture or to any of:

          (1) Any lien or charge on any property; provided, that the creditor has
no recourse against the Company or any Restricted Subsidiary except recourse to such
property or to the proceeds of any sale or lease of such property or both;

          (2) Any lien or charge on any property existing at the time of acquisition of
such property (including acquisition through merger or consolidation) or given to
secure the payment of all or any part of the purchase price or the cost of
construction or improvement thereof or to secure any indebtedness incurred prior
thereto, at the time of, or within 180 days (18 months in the case of Transportation
Assets and Information Technology Assets) after, the acquisition, construction or
improvement thereof for the purpose of financing

55

 

all or part of the purchase price or the cost of construction or improvement
thereof;

          (3) Any of the following liens or charges: (a) liens for taxes, assessments or
other governmental charges or levies which are not yet due or are payable without
penalty or of which the amount, applicability or validity is being contested by the
Company or such Restricted Subsidiary in good faith by appropriate proceedings and
the Company or such Restricted Subsidiary shall have set aside on its books reserves
which it deems to be adequate with respect thereto (segregated to the extent
required by generally accepted accounting principles), (b) undetermined liens or
charges incident to construction or to property under construction, (c) carrier’s,
workmen’s, warehousemen’s, landlord’s, repairmen’s or other like liens arising in
the ordinary course of business in respect of obligations which are not overdue or
which are being contested by the Company or such Restricted Subsidiary in good faith
by appropriate proceedings, or deposits to obtain the release of such liens, or (d)
any encumbrances consisting of zoning restrictions, exceptions, encroachments,
leases, licenses, easements, covenants and other like restrictions on the use of
real property and minor defects and irregularities in the title thereto, which do
not materially impair the use of such property by the Company or such Restricted
Subsidiary in the operation of its business or the value of such property for the
purpose of such business;

          (4) Mortgages and pledges, liens or charges by a Restricted Subsidiary as
security for indebtedness owed to the Company or any Restricted Subsidiary;

          (5) Deposits made with or security given in the ordinary course of business to
any governmental agency or other body created or approved by law or governmental
regulation in order to enable the Company or such Restricted Subsidiary to maintain
self-insurance, or to participate in any fund in connection with workmen’s
compensation, unemployment insurance, old-age pensions, or other social security, or
to share in any privileges or other benefits available to corporations participating
in any such arrangement, or for any other purpose at any time required by law or
regulation promulgated by any governmental agency or office as a condition to the
transaction of any business or the exercise of any privilege or license, or deposits
of assets of the Company or such Restricted Subsidiary with any surety company or
clerk of any court, or in escrow, as collateral in connection with, or in lieu of,
any bond on appeal by the Company or such Restricted Subsidiary from any judgment or
decree against it, or in connection with any other proceedings in actions at law or
suits in equity by or against the Company or such Restricted Subsidiary;
provided, that, such judgment, decree or other proceedings are being
contested in good faith; and provided, further, that the Company or such
Restricted Subsidiary shall have set aside on its books reserves which its
independent certified accountants shall have deemed to be adequate with respect
thereto (segregated to the extent required by generally accepted accounting
principles);

56

 

          (6) Liens or charges incurred or deposits made in the ordinary course of
business to secure performance of letters of credit, bids, tenders, appeal and
performance bonds not incurred in connection with the borrowing of money, the
obtaining of advances or payment of the deferred price of property;

          (7) A banker’s lien or right of offset of the holder of such indebtedness in
favor of any lender of moneys or holder of commercial paper of the Company or a
Restricted Subsidiary in the ordinary course of business on moneys of the Company or
a Restricted Subsidiary deposited with such lender or holder in the ordinary course
of business;

          (8) Any inchoate liens arising under the Employee Retirement Income Security
Act of 1974, as amended, to secure any contingent liability of the Company;

          (9) Any lien or charge on the Company’s interest as sublessor in any sublease,
which lien or charge is granted in favor of the person leasing the property subject
to the sublease to the Company;

          (10) Any extension, renewal or replacement (or successive extensions, renewals
or replacements), in whole or in part, of any mortgage or other lien referred to in
the foregoing clauses;

          (11) Other liens incidental to the conduct of its business or the ownership of
its property and assets which were not incurred in connection with the borrowing of
money (including purchase money indebtedness) or the obtaining of advances or
credit, and which do not in the aggregate materially detract from the value of its
property or assets or materially impair the use thereof in the operation of its
business; and

          (12) Other liens or charges not permitted by any of subsections (1) through
(11) above on any property, now owned or hereafter acquired; provided, that,
no such lien or charge shall be incurred pursuant to this subsection (12) if the
aggregate amount of indebtedness secured by liens or charges incurred pursuant to
this subsection (12) subsequent to the date of this Indenture, including the lien or
charge proposed to be incurred, shall exceed 20% of Net Tangible Assets.

          Section 10.7 Waiver of Certain Covenants.

          The Company may omit in any particular instance to comply with any term, provision or
condition set forth in Section 10.6 with respect to the Securities of any series if before the time
for such compliance the Holders of at least a majority in principal amount of the Outstanding
Securities of such series shall, by Act of such Holders, either waive such compliance in such
instance or generally waive compliance with such term, provision or condition, but no such waiver
shall extend to or affect such term, provision or condition except to the extent so expressly
waived, and, until such waiver shall become effective, the obligations of

57

 

the Company and the duties of the Trustee in respect of any such term, provision or condition
shall remain in full force and effect.

ARTICLE 11

REDEMPTION OF SECURITIES

          Section 11.1 Applicability of Article.

          Securities of any series which are redeemable at the option of the Company before their Stated
Maturity shall be redeemable in accordance with the terms of such Securities and (except as
otherwise specified as contemplated by Section 3.1 for Securities of any series) this Article.
Securities of any series which are redeemable at the option of the Holder before their Stated
Maturity shall be redeemable in accordance with the terms of such Securities and (except as
otherwise specified as contemplated by Section 3.1 for Securities of any series) Sections 11.5 and
11.6 of this Article.

          Section 11.2 Election to Redeem; Notice to Trustee

          The election of the Company to redeem any Securities shall be evidenced by a Board Resolution.
In case of any redemption at the election of the Company of the Securities of any series, the
Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter
notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, the
principal amount of Securities of such series to be redeemed and the relevant terms of the
Securities to be redeemed. The election of a Holder to redeem any Securities shall be evidenced by
a writing by a Holder sent to the Trustee and the Company at least 60 days prior to the Redemption
Date fixed by the Holder in such notice (unless a shorter notice period shall be satisfactory to
the Trustee). Such notice shall notify the Trustee and the Company of such Redemption Date, the
principal amount of Securities of such series to be redeemed and any relevant terms of the
Securities of such series to be redeemed.

          Section 11.3 Selection by Trustee of Securities To Be Redeemed.

          If less than all the Securities of any series having the same terms are to be redeemed, the
particular Securities to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee from the Outstanding Securities of such series not previously called
for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide
for the selection for redemption of portions (equal to the minimum authorized denomination for
Securities of such series or any integral multiple thereof which is also an authorized
denomination) of the principal amount of Securities of such series of a denomination larger than
the minimum authorized denomination for Securities of such series.

          The Trustee shall promptly notify the Company and the Security Registrar (if other than
itself) in writing of the Securities selected for redemption and, in the case of any Securities
selected for partial redemption, the principal amount thereof to be redeemed.

          For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Securities

58

 

redeemed or to be redeemed only in part, to the portion of the principal of such Securities
which has been or is to be redeemed.

          Section 11.4 Notice of Redemption.

          Notice of redemption shall be given in the manner provided in Section 1.6, not less than 30
nor more than 60 days prior to the Redemption Date, unless a shorter period is specified in the
Securities to be redeemed (which shorter period shall be acceptable to the Trustee), to the Holders
of Securities to be redeemed. Failure to give notice by mailing in the manner herein provided to
the Holder of any Securities designated for redemption as a whole or in part, or any defect in the
notice to any such Holder, shall not affect the validity of the proceedings for the redemption of
any other Securities or portion thereof. Any notice that is mailed to the Holder of any Securities
in the manner herein provided shall be conclusively presumed to have been duly given, whether or
not such Holder receives the notice.

          All notices of redemption shall state:

          (a) the Redemption Date,

          (b) the Redemption Price (or the method of calculating the Redemption Price) and accrued
interest, if any,

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

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

          (e) that on the Redemption Date the Redemption Price will become due and payable upon each
such Security to be redeemed, and, if applicable, that interest thereon shall cease to accrue on
and after said date,

          (f) the Place or Places of Payment where such Securities are to be surrendered for payment of
the Redemption Price, and

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

          A notice of redemption published as contemplated by Section 1.6 need not identify particular
Securities to be redeemed.

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

59

 

          Section 11.5 Deposit of Redemption Price.

          On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a
Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 10.3) an amount of money sufficient to pay the Redemption Price of, and (except
if the Redemption Date shall be an Interest Payment Date) accrued interest on and any Additional
Amounts with respect thereto, all the Securities or portions thereof which are to be redeemed on
that date.

          Section 11.6 Securities Payable on Redemption Date.

          Notice of redemption having been given by the Holder to the Company and Trustee pursuant to
Section 11.2 or to the Holder by the Company or the Trustee pursuant to Section 11.4, the
Securities so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the Company shall default
in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest. Upon surrender of any such Security for redemption in accordance with said notice, such
Security shall be paid by the Company at the Redemption Price, together with accrued interest (and
any Additional Amounts) to the Redemption Date; provided, however, that
installments of interest on Securities whose Stated Maturity is on or prior to the Redemption Date
shall be payable to the Holders of such Securities, or one or more Predecessor Securities,
registered as such at the close of business on the Regular Record Dates according to their terms
and the provisions of Section 3.7.

          If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium, if any) shall, until paid, bear interest from the
Redemption Date at the rate prescribed therefor in the Security.

          Section 11.7 Securities Redeemed in Part.

          Any Security which is to be redeemed only in part shall be surrendered at any office or agency
of the Company maintained for that purpose pursuant to Section 10.2 (with, if the Company or the
Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory
to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized
in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the
Holder of such Security, without service charge, a new Security or Securities of the same series,
containing identical terms and provisions, of any authorized denomination as requested by such
Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the
principal of the Security so surrendered.

ARTICLE 12

SINKING FUNDS

          Section 12.1 Applicability of Article.

          The provisions of this Article shall be applicable to any sinking fund for the retirement of
Securities of a series, except as otherwise specified as contemplated by Section 3.1

60

 

for Securities of such series or as otherwise permitted or required by any form of Security of
such series issued pursuant to this Indenture.

          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 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 12.2. Each sinking fund payment shall be applied to the
redemption of Securities of any series as provided for by the terms of Securities of such series.

          Section 12.2 Satisfaction of Sinking Fund Payments with Securities.

          The Company may, in satisfaction of all or any part of any sinking fund payment with respect
to the Securities of a series to be made pursuant to the terms of such Securities as provided for
by the terms of such series, (1) deliver Outstanding Securities of such series (other than any of
such Securities previously called for redemption) theretofore purchased or receive credit for
Securities (not previously so credited) theretofore purchased by the Company and delivered to the
Trustee for cancellation pursuant to Section 3.9, and (2) apply as a credit Securities of such
series which have been redeemed either at the election of the Company pursuant to the terms of such
series of Securities or through the application of permitted optional sinking fund payments
pursuant to the terms of such Securities, 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. If, as
a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to
this Section 12.2, the principal amount of Securities of such series to be redeemed in order to
exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call
Securities of such series for redemption, except upon Company Request, and such cash payment shall
be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall at the request of
the Company from time to time pay over and deliver to the Company any cash payment so being held by
the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that
series purchased by the Company having an unpaid principal amount equal to the cash payment
requested to be released to the Company.

          Section 12.3 Redemption of Securities for Sinking Fund.

          Not less than 60 days prior to each sinking fund payment date for any series of Securities,
the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the
portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if
any, which is to be satisfied by delivering and crediting of Securities of that series pursuant to
Section 12.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory
sinking fund payment, and will also deliver to the Trustee any Securities to be so credited and not
theretofore delivered. If such Officers’ Certificate shall specify an optional amount to be added
in cash to the next ensuing mandatory sinking fund payment, the

61

 

Company shall thereupon be obligated to pay the amount therein specified. 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 11.3 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 11.4. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Sections 11.6 and 11.7.

* * * * *

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

62

 

          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.

	 	 	 	 	 
	 	GATX CORPORATION

 	 
	 	BY  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

[SEAL]

Attest:

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as Trustee

 	 
	 	BY  	 	 
	 	Name:  	 	 	 
	 	Title:exv4w2

 

Exhibit 4.2

 

GATX CORPORATION

AND

U.S. BANK NATIONAL ASSOCIATION

 

SUBORDINATED INDENTURE

 

Dated as of                    , 200[_]

Subordinated Debt Securities

 

 

 

CONTENTS

	 	 	 	 	 	 	 	 	 
	Clause	 	Subject Matter	  Page
	 
	ARTICLE 1	 	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	 	1
	 
	 	Section 1.1	 	 	 	Definitions	 	1
	 
	 	Section 1.2	 	 	 	Compliance Certificates and Opinions	 	7
	 
	 	Section 1.3	 	 	 	Form of Documents Delivered to Trustee	 	8
	 
	 	Section 1.4	 	 	 	Acts of Holders	 	9
	 
	 	Section 1.5	 	 	 	Notices, Etc., to Trustee and Company	 	10
	 
	 	Section 1.6	 	 	 	Notice to Holders of Securities; Waiver	 	10
	 
	 	Section 1.7	 	 	 	Language of Notices, Etc.	 	11
	 
	 	Section 1.8	 	 	 	Conflict with Trust Indenture Act	 	11
	 
	 	Section 1.9	 	 	 	Effect of Headings and Table of Contents	 	11
	 
	 	Section 1.10	 	 	 	Successors and Assigns	 	11
	 
	 	Section 1.11	 	 	 	Separability Clause	 	11
	 
	 	Section 1.12	 	 	 	Benefits of Indenture	 	11
	 
	 	Section 1.13	 	 	 	Governing Law	 	11
	 
	 	Section 1.14	 	 	 	Legal Holidays	 	11
	ARTICLE 2	 	SECURITY FORMS	 	12
	 
	 	Section 2.1	 	 	 	Forms Generally	 	12
	 
	 	Section 2.2	 	 	 	Form of Trustee’s Certificate of Authentication	 	12
	 
	 	Section 2.3	 	 	 	Securities in Global Form	 	13
	ARTICLE 3	 	THE SECURITIES	 	13
	 
	 	Section 3.1	 	 	 	Amount Unlimited; Issuable in Series	 	13
	 
	 	Section 3.2	 	 	 	Denominations	 	15
	 
	 	Section 3.3	 	 	 	Execution, Authentication, Delivery and Dating	 	15
	 
	 	Section 3.4	 	 	 	Temporary Securities	 	17
	 
	 	Section 3.5	 	 	 	Registration, Transfer and Exchange	 	17
	 
	 	Section 3.6	 	 	 	Mutilated, Destroyed, Lost and Stolen Securities	 	20
	 
	 	Section 3.7	 	 	 	Payment of Interest; Interest Rights Preserved	 	21
	 
	 	Section 3.8	 	 	 	Persons Deemed Owners	 	22
	 
	 	Section 3.9	 	 	 	Cancellation	 	22
	 
	 	Section 3.10	 	 	 	Computation of Interest	 	23

-i-

 

CONTENTS

	 	 	 	 	 	 	 	 	 
	Clause	 	Subject Matter	  Page
	 
	ARTICLE 4	 	SATISFACTION AND DISCHARGE	 	23
	 
	 	Section 4.1	 	 	 	Satisfaction and Discharge of Indenture	 	23
	 
	 	Section 4.2	 	 	 	Application of Trust Money	 	24
	ARTICLE 5	 	REMEDIES	 	24
	 
	 	Section 5.1	 	 	 	Events of Default	 	24
	 
	 	Section 5.2	 	 	 	Acceleration of Maturity; Rescission and Annulment	 	25
	 
	 	Section 5.3	 	 	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	27
	 
	 	Section 5.4	 	 	 	Trustee May File Proofs of Claim	 	27
	 
	 	Section 5.5	 	 	 	Trustee May Enforce Claims Without Possession of Securities	 	28
	 
	 	Section 5.6	 	 	 	Application of Money Collected	 	28
	 
	 	Section 5.7	 	 	 	Limitation on Suits	 	29
	 
	 	Section 5.8	 	 	 	Unconditional Right of Holders to Receive Principal, Premium and	 	 
	 
	 	 	 	 	 	Interest	 	29
	 
	 	Section 5.9	 	 	 	Restoration of Rights and Remedies	 	30
	 
	 	Section 5.10	 	 	 	Rights and Remedies Cumulative	 	30
	 
	 	Section 5.11	 	 	 	Delay or Omission Not Waiver	 	30
	 
	 	Section 5.12	 	 	 	Control by Holders of Securities	 	30
	 
	 	Section 5.13	 	 	 	Waiver of Past Defaults	 	31
	 
	 	Section 5.14	 	 	 	Undertaking for Costs	 	31
	ARTICLE 6	 	THE TRUSTEE	 	32
	 
	 	Section 6.1	 	 	 	Certain Duties and Responsibilities	 	32
	 
	 	Section 6.2	 	 	 	Notice of Defaults	 	33
	 
	 	Section 6.3	 	 	 	Certain Rights of Trustee	 	33
	 
	 	Section 6.4	 	 	 	Not Responsible for Recitals or Issuance of Securities	 	34
	 
	 	Section 6.5	 	 	 	May Hold Securities	 	34
	 
	 	Section 6.6	 	 	 	Money Held in Trust	 	34
	 
	 	Section 6.7	 	 	 	Compensation and Reimbursement	 	34
	 
	 	Section 6.8	 	 	 	Disqualifications; Conflicting Interests	 	35
	 
	 	Section 6.9	 	 	 	Corporate Trustee Required; Eligibility	 	35
	 
	 	Section 6.10	 	 	 	Resignation and Removal; Appointment of Successor	 	35

-ii-

 

CONTENTS

	 	 	 	 	 	 	 	 	 
	Clause	 	Subject Matter	  Page
	 
	 
	 	Section 6.11	 	 	 	Acceptance of Appointment by Successor	 	37
	 
	 	Section 6.12	 	 	 	Merger, Conversion, Consolidation or Succession to Business	 	38
	 
	 	Section 6.13	 	 	 	Preferential Collection of Claims Against Company	 	38
	 
	 	Section 6.14	 	 	 	Appointment of Authenticating Agent	 	42
	ARTICLE 7	 	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	 	44
	 
	 	Section 7.1	 	 	 	Company To Furnish Trustee Names and Addresses of Holders	 	44
	 
	 	Section 7.2	 	 	 	Preservation of Information; Communications to Holders	 	44
	 
	 	Section 7.3	 	 	 	Reports by Trustee	 	45
	 
	 	Section 7.4	 	 	 	Reports by the Company	 	47
	ARTICLE 8	 	CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE	 	47
	 
	 	Section 8.1	 	 	 	Consolidations and Mergers of Company and Sales, Leases and	 	 
	 
	 	 	 	 	 	Conveyances Permitted Subject to Certain Conditions	 	47
	 
	 	Section 8.2	 	 	 	Rights and Duties of Successor Corporation	 	48
	 
	 	Section 8.3	 	 	 	Officers’ Certificate and Opinion of Counsel	 	48
	ARTICLE 9	 	SUPPLEMENTAL INDENTURE	 	48
	 
	 	Section 9.1	 	 	 	Supplemental Indentures without Consent of Holders	 	49
	 
	 	Section 9.2	 	 	 	Supplemental Indentures with Consent of Holders	 	50
	 
	 	Section 9.3	 	 	 	Execution of Supplemental Indentures	 	51
	 
	 	Section 9.4	 	 	 	Effect of Supplemental Indentures	 	51
	 
	 	Section 9.5	 	 	 	Conformity with Trust Indenture Act	 	51
	 
	 	Section 9.6	 	 	 	Reference in Securities to Supplemental Indentures	 	51
	ARTICLE 10	 	COVENANTS	 	51
	 
	 	Section 10.1	 	 	 	Payment of Principal, Premium, if any, and Interest	 	51
	 
	 	Section 10.2	 	 	 	Maintenance of Office or Agency	 	52
	 
	 	Section 10.3	 	 	 	Money for Securities Payments To Be Held in Trust	 	52
	 
	 	Section 10.4	 	 	 	Additional Amounts	 	53
	 
	 	Section 10.5	 	 	 	Statement as to Compliance; Notice of Certain Defaults	 	54
	 
	 	Section 10.6	 	 	 	Waiver of Certain Covenants	 	55
	ARTICLE 11	 	REDEMPTION OF SECURITIES	 	55
	 
	 	Section 11.1	 	 	 	Applicability of Article	 	55

-iii-

 

CONTENTS

	 	 	 	 	 	 	 	 	 
	Clause	 	Subject Matter	  Page
	 
	 
	 	Section 11.2	 	 	 	Election to Redeem; Notice to Trustee	 	55
	 
	 	Section 11.3	 	 	 	Selection by Trustee of Securities To Be Redeemed	 	56
	 
	 	Section 11.4	 	 	 	Notice of Redemption	 	56
	 
	 	Section 11.5	 	 	 	Deposit of Redemption Price	 	57
	 
	 	Section 11.6	 	 	 	Securities Payable on Redemption Date	 	57
	 
	 	Section 11.7	 	 	 	Securities Redeemed in Part	 	57
	ARTICLE 12	 	SINKING FUNDS	 	58
	 
	 	Section 12.1	 	 	 	Applicability of Article	 	58
	 
	 	Section 12.2	 	 	 	Satisfaction of Sinking Fund Payments with Securities	 	58
	 
	 	Section 12.3	 	 	 	Redemption of Securities for Sinking Fund	 	59
	ARTICLE 13	 	SUBORDINATION	 	59
	 
	 	Section 13.1	 	 	 	Agreement to Subordinate	 	59
	 
	 	Section 13.2	 	 	 	Default on Senior Indebtedness	 	60
	 
	 	Section 13.3	 	 	 	Liquidation; Dissolution; Bankruptcy	 	60
	 
	 	Section 13.4	 	 	 	Subrogation	 	61
	 
	 	Section 13.5	 	 	 	Trustee to Effectuate Subordination	 	62
	 
	 	Section 13.6	 	 	 	Notice by the Company	 	62
	 
	 	Section 13.7	 	 	 	Rights of the Trustee; Holders of Senior Indebtedness	 	63
	 
	 	Section 13.8	 	 	 	Subordination May Not Be Impaired	 	64

-iv-

 

Reconciliation and tie between

Trust Indenture Act of 1939

and Indenture

	 	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	§ 310 (a)(1)
	 	 	6.9
	(a)(2)
	 	 	6.9
	(a)(3)
	 	Not Applicable
	(a)(4)
	 	Not Applicable
	(a)(5)
	 	 	6.9
	(b)
	 	 	6.8, 6.10
	§ 311 (a)
	 	 	6.13(a), (c)
	(b)
	 	 	6.13(b), (c)
	(b)(2)
	 	7.3(a)(ii), 7.3(b)
	§ 312 (a)
	 	 	7.1, 7.2(a)
	(b)
	 	 	7.2(b)
	(c)
	 	 	7.2(c)
	§ 313 (a)
	 	 	7.3(a)
	(b)(1)
	 	Not Applicable
	(b)(2)
	 	 	7.3(b)
	(c)
	 	 	7.3(c)
	(d)
	 	 	7.3(d)
	§ 314 (a)
	 	 	7.4, 10.5
	(b)
	 	Not Applicable
	(c)(1)
	 	 	1.2
	(c)(2)
	 	 	1.2
	(c)(3)
	 	 	1.3
	(d)
	 	Not Applicable
	(e)
	 	 	1.2
	(f)
	 	Not Applicable
	§ 315 (a)
	 	 	6.1(a)
	(b)
	 	 	6.2, 7.3(a)(6)
	(c)
	 	 	6.1(b)
	(d)
	 	 	6.1(c)
	(d)(1)
	 	 	6.1(a)(i), (c)(i)
	(d)(2)
	 	6.1(c)(ii)
	(d)(3)
	 	6.1(c)(iii)
	(e)
	 	 	5.14
	§ 316 (a)
	 	 	1.1
	(a)(1)(A)
	 	 	5.12
	(a)(1)(B)
	 	 	5.13
	(a)(2)
	 	Not Applicable
	(b)
	 	 	5.8
	§ 317 (a)(1)
	 	 	5.3
	(a)(2)
	 	 	5.4
	(b)
	 	 	10.3
	§ 318 (a)
	 	 	1.8

- -

 

CONTENTS

	 	 	 	 	 
	Clause	 	Subject Matter	 	Page
	 
	Note:

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

-2-

 

     SUBORDINATED INDENTURE, dated as of                    , 200[_], between GATX Corporation, a New York
corporation (hereinafter called the “Company”), having its principal office at 500 West Monroe
Street, Chicago, Illinois 60661, and U.S. Bank National Association, a national banking association
duly organized and existing under the laws of the United States of America, as Trustee (hereinafter
called the “Trustee”).

Recitals of The Company

     The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its unsecured and subordinated debentures, notes or other
evidences of indebtedness, unlimited as to principal amount, to bear such rates of interest, to
mature at such time or times, to be issued in one or more series and to have such other provisions
as shall be fixed as hereinafter provided.

     The Company has duly authorized the execution and delivery of this Indenture and all things
necessary to make this Indenture a valid agreement of the Company, in accordance with its terms,
have been done.

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

ARTICLE 1

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     Section 1.1 Definitions.

     For all purposes of this Indenture, except as otherwise expressly provided or unless the
context otherwise requires:

     (a) the terms defined in this Article have the meanings assigned to them in this Article, and
include the plural as well as the singular;

     (b) all other terms used herein which are defined in the Trust Indenture Act, either directly
or by reference therein, have the meanings assigned to them therein;

     (c) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles and, except as otherwise herein expressly
provided, the term “generally accepted accounting principles” with respect to any computation
required or permitted hereunder shall mean such accounting principles as are generally accepted at
the date of such computation; and

     (d) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section or other subdivision.

 

 

     Certain terms, used principally in Article Six, are defined in that Article.

     “Act” when used with respect to any Holders has the meaning specified in Section 1.4.

     “Additional Amounts” means any additional amounts which are required by a Security or
by or pursuant to a Board Resolution, under circumstances specified therein, to be paid by the
Company in respect of certain taxes imposed on certain Holders and which are owing to such Holders.

     “Additional Provisions” has the meaning specified in Section 13.1.

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

     “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section
6.14 to act on behalf of the Trustee to authenticate Securities of one or more series.

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

     “Board of Directors” means the Board of Directors of the Company or any duly
authorized committee thereof.

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

     “Business Day,” except as may otherwise be provided in the form of Securities of any
particular series pursuant to the provisions of this Indenture, with respect to any Place of
Payment means each Monday, Tuesday, Wednesday, Thursday and Friday which is neither a legal holiday
nor a day on which banking institutions or trust companies in that Place of Payment are authorized
or obligated by law to close.

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

2

 

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

     “Company Request” and “Company Order” mean, respectively, a written request or
order signed in the name of the Company by the Chairman, the President, any Executive or Senior
Vice President or the Treasurer, and by the Secretary, an Assistant Treasurer or an Assistant
Secretary of the Company, and delivered to the Trustee.

     “Corporate Trust Office” means the principal office or agency of the Trustee, at which
at any particular time this Indenture shall be administered, which office at the date of original
execution of this Indenture is located at 225 Asylum Street, 23rd Floor, Hartford, CT
06103, attention: Corporate Trust Services (GATX Corporation 200[_] Subordinated Indenture), except
that, with respect to presentation of Securities for payment or registration of transfers and
exchanges and the location of the registrar, such term also includes the office or agency of the
Trustee in the Borough of Manhattan, The City of New York, at which at any particular time its
corporate agency business shall be conducted, which at the date of original execution of this
Indenture is located at U.S. Bank Trust National Association, 100 Wall Street, Suite 1600, New
York, NY 10005, attention: Corporate Trust Services.

     “corporation” means corporations, associations, partnerships, limited liability
companies and business trusts.

     “Defaulted Interest” has the meaning specified in Section 3.7.

     “Depositary” means with respect to the Securities of any series issuable or issued in
whole or in part in global form, the Person designated as Depositary by the Company pursuant to
Section 3.1(c) until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person who is
then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as
used with respect to the Securities of any such series shall mean the “Depositary” with respect to
the Securities of that series.

     “Dollars” or “$” or any similar reference shall mean currency of the United
States which at the time shall be legal tender for the payment of public and private debts.

     “Event of Default” has the meaning specified in Section 5.1

     “Holder” or “Holders” when used with respect to any Security means the Person
or Persons in whose name the Security is, or Securities are, registered in the Security Register.

     “Indenture” means this instrument as originally executed or as it may from time to
time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant
to the applicable provisions hereof.

     “Interest” when used with respect to an Original Issue Discount Security which by its
terms bears interest only after Maturity means interest payable after Maturity, and, when used

3

 

with respect to a Security which provides for the payment of Additional Amounts pursuant to Section
10.4, includes such Additional Amounts.

     “Interest Payment Date” means the Stated Maturity of an installment of interest on the
applicable Securities.

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

     “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the
President, any Executive or Senior Vice President or the Treasurer, and by the Secretary or an
Assistant Secretary of the Company, and delivered to the Trustee. Each such certificate shall
include the statements provided for in Section 1.2.

     “Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise
expressly provided in this Indenture) be an employee of or counsel for the Company, or other
counsel who shall be reasonably acceptable to the Trustee. Each such opinion shall include the
statements provided for in Section 1.2.

     “Original Issue Discount Security” means a Security issued pursuant to this Indenture
which provides for declaration of an amount less than the principal thereof to be due and payable
upon acceleration pursuant to Section 5.2.

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

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

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

     (iii) Securities which have been paid pursuant to Section 3.6 or in exchange for or in
lieu of which other Securities have been authenticated and delivered pursuant to this
Indenture, other than any such Securities in respect of which there shall have been
presented to the Trustee proof satisfactory to it that such Securities are held by a bona
fide purchaser in whose hands such Securities are valid obligations of the Company;

provided, however, that in determining whether the Holders of the requisite
principal amount of Outstanding Securities have given any request, demand, authorization,
direction, notice, consent

4

 

or waiver hereunder, the principal amount of an Original Issue Discount
Security that may be counted in making such determination and that shall be deemed to be
outstanding for such purposes shall be equal to the amount of the principal thereof that could be
declared to be due and payable pursuant to the terms of such Original Issue Discount Security at
the time the taking of such action by the Holders of such requisite principal amount is evidenced
to the Trustee as provided in Section 1.4(a), and, provided further, that
Securities owned beneficially by the Company or any other obligor upon the Securities or any
Affiliate (other than officers or directors of the Company) of the Company or such other obligor,
shall be disregarded and deemed not to be outstanding, except that, in determining whether the
Trustee shall be protected in relying upon any such request, demand, authorization, direction,
notice, consent or waiver, only Securities which the Trustee knows to be so owned shall be so
disregarded. Securities so owned which have been pledged in good faith may be regarded as
Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to
act with respect to such Securities and that the pledgee is not the Company or any other obligor
upon the Securities or any Affiliate of the Company or such other obligor. In the case of a
dispute as to such right, the advice of counsel shall be full protection in respect of any decision
made by the Trustee in accordance with such advice. Upon request of the Trustee, the Company shall
furnish to the Trustee promptly an Officers’ Certificate listing and identifying all securities
known by the Company to be owned or held by or for the account of any of the above-described
persons; and, subject to the terms of this Indenture, the Trustee shall be entitled to accept such
Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that
all Securities not listed therein are outstanding for the purpose of any such determination.

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

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

     “Place of Payment” when used with respect to the Securities of any series means the
place or places where, subject to the provisions of Section 10.2, the principal of (and premium, if
any) and interest on the Securities of that series are payable as specified as provided pursuant to
Section 3.1.

     “Predecessor Security” of any particular Security means every previous Security
evidencing all or a portion of the same debt as that evidenced by such particular Security; and,
for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in
exchange for or in lieu of a lost, destroyed, mutilated or stolen Security shall be deemed to
evidence the same debt as the lost, destroyed, mutilated or stolen Security.

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

     “Redemption Price” when used with respect to any Security to be redeemed means the
price at which it is to be redeemed as determined pursuant to the provisions of this Indenture.

5

 

     “Registered Security” means any Security established pursuant to Section 2.1 which is
registered in the Security Register.

     “Regular Record Date” for the interest payable on a Security on any Interest Payment
Date means the date, if any, specified in such Security as the “Regular Record Date.”

     “Responsible Officer” when used with respect to the Trustee means any officer in the
Corporate Trust Office of the Trustee and also means, with respect to a particular corporate trust
matter, any other officer of the Trustee to whom such matter is referred because of his knowledge
of and familiarity with the particular subject.

     “Security” or “Securities” means any Security or Securities, as the case may
be, authenticated and delivered under this Indenture.

     “Security Register” and “Security Registrar” have the respective meanings
specified in Section 3.5.

     “Senior Indebtedness” means obligations (other than trade obligations incurred in the
ordinary course of business, the Securities or any other obligations specifically designated as
being subordinate in right of payment to Senior Indebtedness) of indebtedness for money borrowed;
all indebtedness evidenced by securities, debentures, bonds or other similar instruments issued by
the Company; all capital lease obligations; all obligations issued or assumed as the deferred
purchase price of property, all conditional sale obligations and obligations under any title
retention agreements (but excluding trade accounts payable arising in the ordinary course of
business); all obligations for reimbursement on any letter of credit, banker’s acceptance, security
purchase facility or similar credit transaction; all obligations of the types previously described
of other persons for the payment of which the Company is responsible or liable as obligor,
guarantor or otherwise; and all obligations of the types previously described of other persons
secured by any lien on any of the Company’s property, whether or not such obligation is assumed by
the Company.

     “Special Record Date” for the payment of any Defaulted Interest on the Securities of
any series means a dated fixed by the Trustee pursuant to Section 3.7.

     “Stated Maturity” when used with respect to any Security or any installment of
principal thereof or interest thereon means the date specified in such Security as the fixed date
on which the principal of such Security or such installment of principal or interest is due and
payable.

     “Subsidiary” means any corporation of which at the time of determination the Company
and/or one or more Subsidiaries owns or controls directly or indirectly more than 50% of the shares
of Voting Stock.

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

6

 

Person, “Trustee” shall mean each such Person and as used with respect to the Securities of any
series shall mean the Trustee with respect to the Securities of that series.

     “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as
of which this instrument was executed; provided, however, that in the event the Trust Indenture Act
of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such
amendment, the Trust Indenture Act of 1939 as so amended.

     “United States” or “U.S.” means the United States of America (including the
states and the District of Columbia), its territories and possessions and other areas subject to
its jurisdiction.

     “United States Alien” means any Person who, for United States Federal income tax
purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary
of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for
United States Federal income tax purposes, a foreign corporation, a non-resident alien individual
or a non-resident alien fiduciary of a foreign estate or trust.

     “U.S. Government Obligations” means securities that are (i) direct obligations of the
United States 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 the timely payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, that, in either case under clauses (i) or (ii), are not callable
or redeemable at the option of the issuer thereof, and shall also include a depository receipt
issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation
or a specific payment of interest on or principal of any such U.S. Government Obligation held by
such custodian for the account of the holder of a depository receipt; provided that (except
as required by law) such custodian is not authorized to make any deduction from the amount payable
to the holder of such depository receipt from any amount received by the custodian in respect of
the U.S. Government Obligation or the specific payment of interest on or principal of the U.S.
Government Obligation evidenced by such depository receipt.

     “Voting Stock” means stock of the class or classes having general voting power under
ordinary circumstances to elect at least a majority of the board of directors, managers or trustees
of a corporation; provided that, for the purposes hereof, stock which carries only the
right to vote conditionally on the happening of an event shall not be considered voting stock
whether or not such event shall have happened.

     Section 1.2 Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee (i) an Officers’ Certificate
stating that all conditions precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with, (ii) an Opinion of Counsel stating that in the opinion of
such counsel all such conditions precedent, if any, have been complied with, except that in the
case of any such application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such particular application

7

 

or request, no additional certificate or opinion need be furnished, and (iii) in the case of
conditions precedent compliance with which is subject to verification by accountants, a certificate
or opinion of an accountant that satisfies Section 314(c)(3) of the Trust Indenture Act.

     Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture shall include:

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

     (b) 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;

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

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

     Section 1.3 Form of Documents Delivered to Trustee.

     In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by
the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to
such matters in one or several documents. Any certificate or opinion of an officer of the Company
may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of reasonable care
should know, that the certificate or opinion or representations with respect to the matters upon
which his certificate or opinion is based are erroneous. Any such certificate or Opinion of
Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of,
or representations by, an officer or officers of the Company, unless such counsel knows, or in the
exercise of reasonable care should know, that the certificate or opinion or representations with
respect to such matters are erroneous.

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

     Any certificate, statement or opinion of an officer of the Company or of counsel may be based
insofar as it relates to accounting matters, upon a certificate or opinion of or representations by
a firm of accountants or an accountant in the employ of the Company, unless such officer or
counsel, as the case may be, knows that the certificate or opinion or representations with respect
to the accounting matters upon which his certificate, statement or

8

 

opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous.

     Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is a registered independent public accounting
firm.

     Section 1.4 Acts of Holders.

     (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by agent
duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby
expressly required, to the Company. Such instrument or instruments (and the action embodied
therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for
any purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the Trustee and
the Company and any agent of the Trustee or the Company, if made in the manner provided in this
Section.

     (b) The fact and date of the execution by any Person of any such instrument or writing may be
proved in any reasonable manner which the Trustee deems sufficient and in accordance with such
reasonable rules as the Trustee may determine; and the Trustee may in any instance require further
proof with respect to any of the matters referred to in this Section.

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

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

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

     Section 1.5 Notices, Etc., to Trustee and Company.

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

     (a) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate
Trust Office, Attention: Corporate Trust Administration Division, or

     (b) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to the Company addressed to the attention of its Treasurer at the address of its
principal office specified in the first paragraph of this instrument or at any other address
previously furnished in writing to the Trustee by the Company.

     Section 1.6 Notice to Holders of Securities; Waiver.

     Except as otherwise expressly provided herein or in the form of Securities of any particular
series pursuant to the provisions of this Indenture, where this Indenture provides for notice to
Holders of Securities of any event, such notice shall be sufficiently given to Holders of
Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Security
affected by such event, at his address as it appears in the Security Register, not later than the
latest date, and not earlier than the earliest date, prescribed for the giving of such notice.

     In any case where notice to Holders of Securities is given by mail, neither the failure to
mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security
shall affect the sufficiency of such notice with respect to other Holders of Securities. In the
case by reason of the suspension of regular mail service or by reason of any other cause it shall
be impracticable to give such notice by mail, then such notification as shall be made with the
approval of the Trustee shall constitute a sufficient notification for every purpose hereunder.

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

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     Section 1.7 Language of Notices, Etc.

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

     Section 1.8 Conflict with Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with another provision hereof which is
required to be included in this Indenture by any of the provisions of the Trust Indenture Act, such
latter provisions shall control.

     Section 1.9 Effect of Headings and Table of Contents.

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

     Section 1.10 Successors and Assigns.

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

     Section 1.11 Separability Clause.

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

     Section 1.12 Benefits of Indenture.

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

     Section 1.13 Governing Law.

     This Indenture and the Securities shall be governed by and construed in accordance with the
laws of the State of New York.

     Section 1.14 Legal Holidays.

     In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any
Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other
provision of this Indenture or the Securities other than a provision in the Securities which

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specifically states that such provision shall apply in lieu of this Section) payment of interest or
any Additional Amounts or principal (and premium, if any) need not be made at such Place of Payment
on such date, but may be made on the next succeeding Business Day at such Place of Payment with the
same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated
Maturity, and no interest shall accrue on the amount so payable for the period from and after such
Interest Payment Date, Redemption Date or Stated Maturity, as the case may be.

ARTICLE 2

SECURITY FORMS

     Section 2.1 Forms Generally.

     The Securities, if any, of each series and Securities in global form, if any, shall be in the
form established by or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, shall have appropriate insertions, omissions, substitutions and other variations as are
required or permitted by this Indenture or any indenture supplemental hereto and may have such
letters, numbers or other marks of identification and such legends or endorsements placed thereon
as may, consistently herewith, be determined by the officers of the Company executing such
Securities, as evidenced by their execution of such Securities. If the forms of the Securities of
any series are established by action taken pursuant to a Board Resolution, a copy of an appropriate
record of such action shall be certified by the Secretary or an Assistant Secretary of the Company
and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by
Section 3.3 for the authentication and delivery of such Securities.

     Unless otherwise provided as contemplated by Section 3.1 with respect to any series of
Securities, the Securities of each series shall be issuable in registered form without coupons.

     The definitive Securities shall be printed, lithographed or engraved or produced by any
combination of these methods on a steel engraved border or steel engraved borders or may be
produced in any other manner, all as determined by the officers of the Company executing such
Securities, as evidenced by their execution of such Securities.

     Section 2.2 Form of Trustee’s Certificate of Authentication.

     The Trustee’s Certificate of Authentication shall be in substantially the following form:

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

	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION,
 as Trustee
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

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     Section 2.3 Securities in Global Form.

     If Securities of a series are issuable in whole or in part in global form, any such Security
may provide that it shall represent the aggregate amount of Outstanding Securities from time to
time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities
represented thereby may from time to time be reduced to reflect exchanges or increased to reflect
the issuance of additional Securities. Any endorsement of a Security in global form to reflect the
amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby
shall be made in such manner and by such Person or Persons, as shall be specified therein or in the
Company Order delivered to the Trustee pursuant to Section 3.3.

ARTICLE 3

THE SECURITIES

     Section 3.1 Amount Unlimited; Issuable in Series.

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

     The Securities may be issued in one or more series. There shall be established in or pursuant
to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more
indentures supplemental hereto prior to the issuance of Securities of any series:

     (a) the title of the Securities and the series in which such Securities shall be included;

     (b) the limit, if any, upon the aggregate principal amount of the Securities of such title and
the Securities of such 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 the series pursuant to Section 3.4, 3.5, 3.6, 9.6 or 11.7);

     (c) whether Securities of the series may be issued in whole or in part in global form and, if
so, the identity of the Depositary for such Securities in global form, and the terms and
conditions, if any, upon which interests in such Securities in global form may be exchanged, in
whole or in part, for the individual Securities represented thereby;

     (d) the date or dates on which the principal of such Securities is payable;

     (e) the rate or rates at which such Securities shall bear interest, if any, or method by which
such rate or rates are determined, the date or dates from which such interest shall accrue, the
Interest Payment Dates on which such interest shall be payable and the Regular Record Date for the
interest payable on Registered Securities on any Interest Payment Date,

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whether and under what circumstances Additional Amounts on such securities shall be payable in respect of specified taxes,
assessments or other governmental charges withheld or deducted and, if so, whether the Company has
the option to redeem the affected Securities rather than pay such Additional Amounts, and the basis
upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day
months;

     (f) the place or places, if any, in addition to or other than the Borough of Manhattan, The
City of New York, where the principal of (and premium, if any) and interest on or Additional
Amounts, if any, payable in respect of such Securities shall be payable, where such Securities may
be surrendered for registration of transfer, where such Securities may be surrendered for exchange
and where notice and demands to or upon the Company, in respect of such Securities and this
Indenture, may be served and where notices to Holders pursuant to Section 1.6 will be published;

     (g) the period or periods within which, the price or prices at which and the terms and
conditions upon which such Securities may be redeemed, in whole or in part, at the option of the
Company or a Holder;

     (h) the obligation, if any, of the Company to redeem such Securities pursuant to any sinking
fund and the period or periods within which, the price or prices at which and the terms and
conditions upon which such Securities shall be redeemed in whole or in part, pursuant to such
obligation;

     (i) the denominations in which Securities of the series, if any, shall be issuable if other
than denominations of $1,000 and any integral multiple thereof;

     (j) if other than the principal amount thereof, the portion of the principal amount of such
Securities which shall be payable upon declaration of acceleration of the Maturity thereof pursuant
to Section 5.2;

     (k) if the amount of payments of principal of (and premium, if any) or interest, if any, on,
and Additional Amounts in respect of such Securities may be determined with reference to an index,
formula or other method other than that in which the Securities are stated to be payable, the
manner in which such amounts shall be determined;

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

     (m) whether, and under what conditions, Additional Amounts will be payable to Holders of
Securities of such series pursuant to Section 10.4;

     (n) any Events of Default with respect to Securities of such series, if not otherwise set
forth herein;

     (o) the terms of subordination applicable to any series of Securities; and

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     (p) any other terms of such Securities (which terms shall not be inconsistent with the
provisions of this Indenture).

     All Securities of any one series shall be substantially identical except as to denomination
and the rate or rates of interest, if any, redemption dates and sinking fund dates, if any, and
Stated Maturity, the date from which interest, if any, shall accrue, the amount that shall be
payable upon the declaration of acceleration and except as may otherwise be provided in or pursuant
to such Board Resolution and set forth in such Officers’ Certificate or in any such indenture
supplemental hereto. All Securities of any one series need not be issued at the same time and,
unless otherwise provided, a series may be reopened for issuances of additional Securities of such
series.

     If any of the terms of the Securities of any series were 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 such series.

     The Securities shall be subordinated in right of payment to Senior Indebtedness as provided in
Article 13.

     Section 3.2 Denominations.

     Unless other denominations and amounts may from time to time be fixed by or pursuant to a
Board Resolution, the Registered Securities of each series, if any, shall be issuable in registered
form without coupons in denominations of $1,000 and any integral multiple thereof.

     Section 3.3 Execution, Authentication, Delivery and Dating.

     The Securities shall be executed on behalf of the Company by its Chairman of the Board,
President, any Executive or Senior Vice President or its Treasurer under its corporate seal
reproduced thereon and attested by its Secretary or one of its Assistant Secretaries. The
signature of any of these officers on the Securities may be manual or facsimile. The seal of the
Company may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or
otherwise reproduced on the Securities. Typographical and other minor errors or defects in any
such reproduction of the seal or any such signature shall not affect the validity or enforceability of any Security
that has been duly authenticated and delivered by the Trustee.

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

     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 the Board Resolution and Officers’ Certificate or supplemental
indenture with respect to such Securities referred to in Section 3.1 and a Company Order for the
authentication and delivery of such Securities, and the Trustee in accordance with the Company
Order and subject to the provisions hereof shall authenticate and deliver such Securities.

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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
6.1) shall be fully protected in relying upon, an Opinion of Counsel stating,

     (a) that the form and terms of such Securities have been established in conformity with the
provision of this Indenture;

     (b) that all conditions precedent set forth in this Indenture to the authentication and
delivery of such Securities have been complied with and that such Securities, when authenticated
and delivered by the Trustee and issued by the Company in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the
Company, enforceable against the Company in accordance with their terms, subject to bankruptcy,
insolvency, moratorium, reorganization and other laws of general applicability relating to or
affecting the enforcement of creditors’ rights and to general equity principles; and

     (c) as to such other matters as the Trustee may reasonably request;

provided, however, that if all the Securities of any series are not to be issued at
one time, it shall not be necessary to deliver an Opinion of Counsel at the time of issuance of
each Security, but such Opinion of Counsel, with appropriate modifications, may instead be
delivered at or prior to the time of the first issuance of Securities of such series.

     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 or if the Trustee, being advised by counsel, determines that such action may not
lawfully be taken.

     If the Company shall establish pursuant to Section 3.1 that Securities of a series may be
issued in whole or in part in global form, then the Company shall execute and the Trustee shall, in
accordance with this Section and the Company Order with respect to such series, authenticate and
deliver one or more Securities in global from that (i) shall represent and shall be denominated in
an authorized aggregate amount equal to the aggregate principal amount of the Outstanding
Securities of such series and tenor to be represented by one or more Securities in global form,
(ii) shall be registered, in the name of the Depositary for such Security or Securities in global
form or the nominee of such Depositary, (iii) shall be delivered to such Depositary or pursuant to
such Depositary’s instruction and (iv) shall bear a legend substantially to the following effect:
“Unless and until it is exchanged in whole or in part for Notes in certificated form, this Note may
not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a
nominee of the Depositary to the Depositary or another nominee of the Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.
Unless this certificate is presented by an authorized representative of the Depository Trust
Company (55 Water Street, New York, New York) to the issuer or its agent for registration of
transfer, exchange or payment, and any certificate issued is registered in the name of CEDE & CO.
or such other name as requested by an authorized representative of the Depository Trust Company and
any payment is made to CEDE & CO., any transfer, pledge or

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other use hereof for value or otherwise by or to any person is wrongful since the registered owner hereof, CEDE & CO., has an interest
herein.” Each Depositary designated pursuant to Section 3.1 for a Security in global form must, at
the time of its designation and at all times while it serves as Depositary, be a clearing agency
registered under the Securities Exchange Act of 1934 and any other applicable statute or
regulation.

     Each Security shall be dated the date of its authentication.

     No Security shall be entitled to any benefit under this Indenture or be valid or obligatory
for any purpose, unless there appears on such Security a certificate of authentication
substantially in the form provided for in Section 2.2 or 6.14 executed by or on behalf of the
Trustee by the manual signature of one of its authorized signatories, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such Security has been duly
authenticated and delivered hereunder.

     Section 3.4 Temporary Securities.

     Pending the preparation of definitive Securities of any series, the Company may execute and
deliver to the Trustee, and upon Company Order the Trustee shall authenticate and deliver, in the
manner provided in Section 3.3, temporary Securities of such series which are printed,
lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they are issued, in
registered form without coupons and with such appropriate insertions, omissions, substitutions and
other variations as the officers of the Company executing such Securities may determine, as
evidenced by their execution of such Securities. In the case of Securities of any series, such temporary
Securities may be in global form, representing all of the Outstanding Securities of such series and
tenor.

     Except in the case of temporary Securities in global form, which shall be exchanged in
accordance with the provisions thereof, if temporary Securities of any series are issued, the
Company will cause definitive Securities of that series to be prepared without unreasonable delay.
After the preparation of definitive Securities, the temporary Securities of such series shall be
exchangeable upon request for definitive Securities of such series containing identical terms and
provisions upon surrender of the temporary Securities of such series at an office or agency of the
Company maintained for such purpose pursuant to Section 10.2, without charge to the Holder. Upon
surrender for cancellation of any one or more temporary Securities of any series, the Company shall
execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount
of definitive Securities of authorized denominations of the same series containing identical terms
and provisions. Unless otherwise specified as contemplated by Section 3.1 with respect to a
temporary Security in global form, until so exchanged the temporary Securities of any series shall
in all respects be entitled to the same benefits under this Indenture as definitive Securities of
such series.

     Section 3.5 Registration, Transfer and Exchange.

     With respect to the Securities of each series, if any, the Company shall cause to be kept, at
an office or agency of the Company maintained pursuant to Section 10.2, a register

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(herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations
as it may prescribe, the Company shall provide for the registration of the Securities of each
series and of transfers of the Securities of each series. The Trustee is hereby appointed
“Security Registrar” for the purpose of registering Securities and transfers and exchanges of
Securities as herein provided; provided that the Company may, from time to time, designate
(or change any designation of) any other Person or Persons to act as Security Registrar or
co-Security Registrars with respect to the Securities of one or more series, with notice to the
Trustee and as provided in Section 1.6 to the Holders. At all reasonable times the Security
Register shall be open for inspection by the Company. In the event that the Trustee shall not be
the Security Registrar, it shall have the right to examine the Security Register at all reasonable
times.

     Upon surrender for registration of transfer of any Security of any series at any office or
agency of the Company maintained for that series pursuant to Section 10.2, the Company shall
execute, and the Trustee, at the direction of the Company, shall authenticate and deliver, in the
name of the designated transferee or transferees, one or more new Securities of the same series of
an authorized denomination, of a like aggregate principal amount bearing a number not
contemporaneously outstanding and containing identical terms and provisions.

     Notwithstanding any other provision of this Section, unless and until it is exchanged in whole
or in part for the individual Securities represented thereby, in
definitive form, a Security in global form representing all or a portion of the Securities of
a series may not be transferred except as a whole by the Depositary for such series to a nominee of
such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such
Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a
nominee of such successor Depositary.

     At the option of the Holder, Securities of any series may be exchanged for other Securities of
the same series containing identical terms and provisions, in any authorized denominations, and of
a like aggregate principal amount, upon surrender of the Securities to be exchanged at any such
office or agency of the Company maintained for that series pursuant to Section 10.2. Whenever any
Securities are so surrendered for exchange, the Company shall execute, and the Trustee, at the
direction of the Company, shall authenticate and deliver, the Securities which the Holder making
the exchange is entitled to receive.

     If at any time the Depositary for the Securities of a series notifies the Company that it is
unwilling or unable to continue as Depositary for the Securities of such series or if at any time
the Depositary for the Securities of such series shall no longer be eligible under Section 3.3, the
Company, by Company Order, shall appoint a successor Depositary with respect to the Securities of
such series. If a successor Depositary for the Securities of such series is not appointed by the
Company within 90 days after the Company receives such notice or becomes aware of such
ineligibility, the Company’s election pursuant to Section 3.1(c) shall no longer be effective with
respect to the Securities of such series and the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of definitive Securities of such
series, will authenticate and deliver, Securities of such series in definitive form in an aggregate
principal amount and of like terms and tenor equal to the principal amount of the Security or
Securities in global form representing such series in exchange for such Security or Securities in
global form.

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     The Company may at any time and in its sole discretion determine that individual Securities of
any series issued in global form shall no longer be represented by such Security or Securities in
global form. In such event the Company will execute, and the Trustee, upon receipt of a Company
Order for the authentication and delivery of individual definitive Securities of such series and of
the same terms and tenor, will authenticate and deliver individual Securities of such series in
definitive form in authorized denominations and in an aggregate principal amount equal to the
principal amount of the Security or Securities in global form representing such series in exchange
for such Security or Securities in global form.

     If specified by the Company pursuant to Section 3.1 with respect to a series of Securities,
the Depositary for such series of Securities may surrender a Security in global form for such
series of Securities in exchange in whole or in part for individual Securities of such series in
definitive form and of like terms and tenor on such terms as are acceptable to the Company, the
Trustee and such Depositary. Thereupon, the Company shall execute, and the Trustee upon receipt of a Company Order for the authentication
and delivery of individual definitive Securities of such series, shall authenticate and deliver,
without service charge:

     (a) to the Depositary or to each Person specified by such Depositary a new individual Security
or Securities of the same series and of the same tenor, of authorized denominations, in aggregate
principal amount equal to and in exchange for such Person’s beneficial interest in the Security in
global form; and

     (b) to such Depositary a new Security in global form in a denomination equal to the
difference, if any, between the principal amount of the surrendered Security in global form and the
aggregate principal amount of the individual Securities delivered to Holders thereof.

     In any exchange provided for in any of the preceding three paragraphs, the Company will
execute and the Trustee pursuant to a Company Order will authenticate and deliver individual
Securities in definitive registered form in authorized denominations.

     Upon the exchange of a Security in global form for Securities in definitive form, at the
direction of the Company, such Security in global form shall be cancelled by the Trustee.
Securities issued in exchange for a Security in global form pursuant to this Section shall be
registered in such names and in such authorized denominations as the Depositary for such Security
in global form, pursuant to instructions from its direct or indirect participants or otherwise,
shall instruct the Trustee in writing. The Trustee shall deliver such Securities to the persons in
whose names such Securities are so registered or to the Depositary.

     Whenever any Securities are so surrendered for exchange, the Company shall execute, and the
Trustee, at the direction of the Company, shall authenticate and deliver, the Securities which the
Holder making the exchange is entitled to receive.

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

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

     No service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section
3.4, 9.6 or 11.7 not involving any transfer.

     The Company shall not be required (i) to issue, register the transfer of or exchange any
Securities of any series during a period beginning at the opening of business 15 days before the
day of the selection for redemption of Securities of that series under Section 11.3 and ending at
the close of business on the day of such selection, or (ii) to register the transfer of or exchange
any Security so selected for redemption in whole or in part, except in the case of any Security to
be redeemed in part, the portion thereof not to be redeemed.

     Section 3.6 Mutilated, Destroyed, Lost and Stolen Securities.

     If any mutilated Security is surrendered to the Trustee, the Company shall execute and the
Trustee, at the direction of the Company, shall authenticate and deliver in exchange therefor a new
Security of the same series containing identical terms and of like principal amount and bearing a
number not contemporaneously outstanding.

     If there be delivered to the Company and to the Trustee (i) evidence to their satisfaction of
the destruction, loss or theft of any Security, and (ii) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless, then, in the
absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and upon its request the Trustee shall authenticate and
deliver, in exchange for or in lieu of any such destroyed, lost or stolen Security, a new Security
of the same series containing identical terms and of like principal amount and bearing a number not
contemporaneously outstanding.

     In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay
such Security.

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

     Every new Security of any series issued pursuant to this Section in lieu of any destroyed,
lost or stolen Security shall constitute an original additional contractual obligation of the
Company, whether or not the destroyed, lost or stolen Security shall be at any time

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enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately
with any all other Securities of that series duly issued hereunder.

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

     Section 3.7 Payment of Interest; Interest Rights Preserved.

     Interest on any Security which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall, if so provided in such Security, be paid to the Person in whose name
that Security (or one or more Predecessor Securities) is registered as of the close of business on
the Regular Record Date for such interest.

     Any interest on any Security of any series which is payable, but is not punctually paid or
duly provided for, on any Interest Payment Date for such Security (herein called “Defaulted
Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by
virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at its
election in each case, as provided in clause (a) or (b) below:

     (a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose
names the Securities affected (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 be not more than 15 days and not
less than 10 days prior to the date of the proposed payment and not less than 10 days after the
receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify
the Company of such Special Record Date and, in the name and at the expense of the Company, shall
cause notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be mailed, first class postage prepaid, to each Holder of such Securities at his
address as it appears in the Security Register not less than 10 days prior to such Special Record
Date. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a
similar notice to be published at least once in a newspaper, customarily published in the English
language on each Business Day and of general circulation in the Borough of Manhattan, The City of
New York, but such publication shall not be a condition precedent to the establishment of 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
at the close of business on such Special Record Date and shall no longer be payable pursuant to the following
clause (b).

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     (b) The Company may make payment of any Defaulted Interest 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 payment shall be
deemed practicable by the Trustee.

     Interest on Securities of any series that bear interest may be paid by mailing a check to the
address of the person entitled thereto as such address shall appear in the Security Register.

     Subject to the foregoing provisions of this Section and Section 3.5, each Security delivered
under this Indenture upon registration of transfer of or in exchange for or in lieu of any other
Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried
by such other Security.

     Section 3.8 Persons Deemed Owners.

     Prior to due presentment of a Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name such Security is
registered as the owner of such Security for the purpose of receiving payment of principal of (and
premium, if any), and (subject to Sections 3.5 and 3.7) interest on and Additional Amounts with
respect to, such Security and for all other purposes whatsoever, whether or not such Security be
overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be
affected by notice to the contrary.

     None of the Company, the Trustee, any Authenticating Agent, any Paying Agent, the Security
Registrar or any co-Security Registrar will have any responsibility or liability for any aspect of
the records relating to or payments made on account of beneficial ownership interests of a Security
in global form or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests and each of them may act or refrain from acting without liability on any
information relating to such records provided by the Depositary.

     Section 3.9 Cancellation.

     All Securities surrendered for payment, redemption, repayment, registration of transfer or
exchange or for credit against any sinking fund payment, if surrendered to any Person other than
the Trustee, shall be delivered to the Trustee, and any such Securities and Securities surrendered
directly to the Trustee for any such purpose shall be promptly cancelled by it. The Company may at
any time deliver to the Trustee for cancellation any Securities previously authenticated and
delivered hereunder which the Company may have acquired in any manner whatsoever, and all
Securities so delivered shall be promptly cancelled by the Trustee at the direction of the Company. No
securities shall be authenticated in lieu of or in exchange for any Securities cancelled as
provided in this Section, except as expressly permitted by this Indenture. All cancelled
Securities held by the Trustee shall be destroyed by it unless by a Company Order the Company
directs their return to it.

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     Section 3.10 Computation of Interest.

     Except as otherwise contemplated by Section 3.1 for Securities of any series, interest on the
Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

ARTICLE 4

SATISFACTION AND DISCHARGE

     Section 4.1 Satisfaction and Discharge of Indenture.

     Upon the direction of the Company by a Company Order, this Indenture shall cease to be of
further effect (except as to any surviving rights of registration of transfer or exchange of
Securities herein expressly provided for, rights, obligations, duties and immunities of the Trustee
set forth in the last paragraph of this Section and any right to receive Additional Amounts, as
provided in Section 10.4), and the Trustee, pursuant to a Company Order and at the expense of the
Company, shall execute proper instructions acknowledging satisfaction and discharge of this
Indenture, when

     (a) either

     (i) all Securities theretofore authenticated and delivered (other than (A) Securities
which have been destroyed, lost or stolen and which have been replaced or paid as provided
in Section 3.6, and (B) Securities for whose payment money has theretofore been deposited
in trust or segregated and held in trust by the Company and thereafter repaid to the
Company or discharged from such trust, as provided in Section 10.3) have been delivered to
the Trustee for cancellation; or

     (ii) all such Securities not theretofore delivered to the Trustee for cancellation

     (1) have become due and payable, or

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

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

and the Company, in the case of (1), (2) or (3) above, has irrevocably deposited or caused to
be deposited with the Trustee as trust funds in trust for the purpose an amount sufficient to pay
and discharge, or U.S. Government Obligations, maturing as to principal and paying interest in such
amounts and at such times as will insure the availability of cash sufficient to pay and discharge,
the entire indebtedness on such Securities not theretofore delivered to the Trustee for
cancellation, for principal (and premium, if any) and interest, and any Additional Amounts with

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respect thereto, to the date of such deposit (in the case of Securities which have become due
and payable) or to the Stated Maturity or Redemption Date, as the case may be;

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

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

     In the event there are Securities of two or more series hereunder, the Trustee shall be
required to execute an instrument acknowledging satisfaction and discharge of this Indenture only
if requested to do so by Company Order with respect to Securities of all series as to which it is
Trustee and if the other conditions thereto are met. In the event there are two or more Trustees
hereunder, then the effectiveness of any such instrument shall be conditioned upon receipt of such
instruments from all Trustees hereunder.

     Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 6.7 and, if money shall have been deposited with the Trustee
pursuant to subclause (ii) of clause (a) of this Section, the obligations of the Trustee under
Section 4.2 and the last paragraph of Section 10.3 shall survive.

     Section 4.2 Application of Trust Money.

     Subject to the provisions of the last paragraph of Section 10.3, all money deposited with the
Trustee pursuant to Section 4.1 shall be held in trust and applied by it, in accordance with the
provisions of the Securities, and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine,
to the Persons entitled thereto, of the principal (and premium, if any) and any interest and
Additional Amounts for whose payment such money has been deposited with the Trustee; but such money
need not be segregated from other funds except to the extent required by law.

ARTICLE 5

REMEDIES

     Section 5.1 Events of Default.

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

     (a) default in the payment of any interest on or any Additional Amounts payable in respect of
any of the Securities of such series as and when such interest or Additional Amounts becomes due
and payable, and continuance of such default for a period of 30 days; or

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     (b) default in the payment of all or any part of the principal of (and premium, if any, on)
any of the Securities of such series as and when the same becomes due and payable at Maturity, or
default in the deposit of any sinking fund payment, when and as due by the terms of any of the
Securities of such series; or

     (c) default in the performance, or breach, of any covenant or agreement of the Company in the
Securities of such series or this Indenture (other than a covenant or agreement a default in whose
performance or whose breach is elsewhere in this Section specifically dealt with), and continuance
of such default or breach for a period of 90 days after there has been given, by registered or
certified mail, return receipt requested, to the Company by the Trustee or to the Company and the
Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities to which
covenant or agreement relates a written notice specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of Default” hereunder; or

     (d) a court having jurisdiction in the premises shall enter a decree or order for relief in
respect of the Company in an involuntary case or proceeding under any applicable bankruptcy,
insolvency, reorganization or other similar law now or hereafter in effect, or appointing a
receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the
Company or for any substantial part of its property, or ordering the winding-up or liquidation of
its affairs, and such decree or order shall remain unstayed and in effect for a period of 90
consecutive days; or

     (e) the Company shall commence a voluntary case or other proceeding seeking liquidation,
reorganization or other relief with respect to itself or its debts under any bankruptcy,
insolvency, reorganization or other similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator, custodian, sequestrator or other similar official
of it or any substantial part of its property, or shall consent to any such relief or to the
appointment of or taking possession by any such official in an involuntary case or other proceeding
commenced against it, or shall make a general assignment for the benefit of creditors, or shall
fail generally to pay its debts as they become due, or shall take any corporate action to authorize
any of the foregoing; or

     (f) any other Event of Default provided with respect to Securities of that series.

     Section 5.2 Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default described in clause (a), (b) or (c) above (if the Event of Default
under clause (c) above is with respect to less than all series of Securities then outstanding)
occurs and is continuing, then, and in each and every case, unless the principal of all of the
Securities of such 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 Outstanding Securities of such
series (each such series voting as a separate class in the case of an Event of Default under clause
(a) or (b) and all such series voting as one class in the case of an Event of Default under clause
(c)), by notice in writing to the Company (and to the Trustee if given by such Holders), may
declare the entire principal of all Securities of such series, or such lesser amount as may be

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provided for in the Securities of that series, and the interest accrued thereon to be due and
payable immediately, and upon any such declaration the same shall become immediately due and
payable.

     If an Event of Default described in clause (c) above with respect to all series of Outstanding
Securities, or any Event of Default described in clause (d) or (e) above occurs and is continuing,
then, and in each and every such case, unless the principal of all the Securities shall have
already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate
principal amount of all the Outstanding Securities (treated as one class), by notice in writing to
the Company (and to the Trustee if given by such Holders), may declare the entire principal of all
the Outstanding Securities, or such lesser amount as may be provided for in the Securities, and
interest accrued thereon to be due and payable immediately, and upon any such declaration the same
shall become immediately due and payable.

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

     (a) the Company has paid or deposited with the Trustee a sum sufficient to pay:

     (i) all overdue installments of interest on and any Additional Amounts payable in
respect of all Securities of that series (or upon all the Securities, as the case may be),

     (ii) the principal of (and premium, if any, on) any Securities of that series (or upon
all the Securities, as the case may be) which have become due otherwise than by such
declaration of acceleration and interest thereon at the rate or rates borne by or provided
for in such Securities,

     (iii) to the extent that payment of such interest is lawful, interest upon overdue
installments of interest and Additional Amounts at the rate or rates borne by or provided
for in such Securities, and

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

     (b) all Events of Default with respect to Securities, other than the non-payment of the
principal of Securities which has become due solely by such declaration of acceleration, have been
cured or waived as provided in Section 5.13.

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     No such rescission shall affect any subsequent default or impair any right consequent thereon.

     Section 5.3 Collection of Indebtedness and Suits for Enforcement by Trustee.

     The Company covenants that if

     (a) default is made in the payment of any installment of interest on or any Additional Amounts
payable in respect of any Security when such interest or Additional Amounts shall have become due
and payable and such default continues for a period of 30 days, or

     (b) default is made in the payment of the principal of (or premium, if any, on) any Security
at its Maturity,

the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Securities the whole amount then due and payable on such Securities for principal (and premium, if
any) and interest and Additional Amounts, if any, with interest upon the overdue principal (and
premium, if any) and, to the extent that payment of such interest shall be legally enforceable,
upon overdue installments of interest or any Additional Amounts, at the rate or rates borne by or
provided for in such Securities, and, in addition thereto, such further amount as shall be
sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.

     If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of
the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may
enforce the same against the Company or any other obligor upon such Securities and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of the property of the
Company or any other obligor upon such Securities, wherever situated.

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

     Section 5.4 Trustee May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the
Company or any other obligor upon the Securities or the property of the Company or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective
of whether the Trustee shall have made any demand on the Company for the payment of overdue

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principal or interest) shall be entitled and empowered, by intervention in such proceeding or
otherwise,

     (a) to file and prove a claim for the whole amount, or such lesser amount as may be provided
for in the Securities of that series, of principal (and premium, if any) and interest and any
Additional Amounts owing and unpaid in respect of the Securities and to file such other papers or
documents as may be necessary or advisable in order to have the claims of the Trustee (including
any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents or counsel) and of the Holders allowed in such judicial proceeding, and

     (b) to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same;

and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any
such judicial proceeding is hereby authorized by each Holder of Securities to make such payments to
the Trustee and, in the event that the Trustee shall consent to the making of such payments
directly to the Holders of Securities, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel and any other amounts due the Trustee under Section 6.7.

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

     Section 5.5 Trustee May Enforce Claims Without Possession of Securities.

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

     Section 5.6 Application of Money Collected.

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

     First: To the payment of all amounts due the Trustee under Section 6.7; and

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     Second: To the payment of the amounts then due and unpaid upon the Securities for principal
(and premium, if any) and interest and any Additional Amounts payable 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 aggregate amounts due and payable on such Securities for principal (and
premium, if any), interest and Additional Amounts, respectively; and

     Third: The balance, if any, to the Person or Persons entitled thereto.

     Section 5.7 Limitation on Suits.

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

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

     (b) the Holders of not less than 25% in principal amount of the Outstanding Securities of that
series shall have made written request to the Trustee to institute proceedings in respect of such
Event of Default in its own name as Trustee hereunder;

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

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

     (e) no direction inconsistent with such written request has been given to the Trustee during
such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities
of that series;

it being understood and intended that no one or more of such Holders shall have any right in any
manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb
or prejudice the rights of any other such Holders or Holders of any other series, or to obtain or
to seek to obtain priority or preference over any other Holders or to enforce any right under this
Indenture, except in the manner herein provided and for the equal and ratable benefit of all such
Holders.

     Section 5.8 Unconditional Right of Holders to Receive Principal, Premium and Interest.

     Notwithstanding any other provision in this Indenture, the Holder of any Security shall have
the right, which is absolute and unconditional, to receive payment of the principal of (and
premium, if any) and (subject to Sections 3.5 and 3.7) interest on and any Additional Amounts in
respect of such Security on the respective Stated Maturity or Maturities expressed in such Security
(or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement
of any such payment, and such right shall not be impaired without the consent of such Holder.

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     Section 5.9 Restoration of Rights and Remedies.

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

     Section 5.10 Rights and Remedies Cumulative.

     Except as provided in Section 5.7 and except as otherwise provided with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders
of Securities is intended to be exclusive of any other right or remedy, and every right and remedy
shall, to the extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy.

     Section 5.11 Delay or Omission Not Waiver.

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

     Section 5.12 Control by Holders of Securities.

     The Holders of a majority in principal amount of the Outstanding Securities of any series
shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee or exercising any trust or power conferred on the Trustee with
respect to the Securities of such series, provided that

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

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

     (c) such direction is not unduly prejudicial to the rights of other Holders of Securities of
such series.

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     Section 5.13 Waiver of Past Defaults.

     Prior to a declaration of acceleration of the Maturity of the Securities of any series as
provided in Section 5.2, the Holders of not less than a majority in principal amount of Outstanding
Securities of any series (each series voting as a separate class) may on behalf of the Holders of
all the Securities of such series waive any past default or Event of Default described in clause
(c) of Section 5.1 which relates to less than all of the series of Outstanding Securities, or the
Holders of not less than a majority in principal amount of all Outstanding Securities (voting as
one class) may on behalf of all Holders waive any past default or Event of Default described in
said clause (c) (which relates to all series of Outstanding Securities) or in clause (d) or (e) of
Section 5.1, except a default

     (a) in the payment of the principal of (and premium, if any) or interest on or Additional
Amounts payable in respect of any Security of such series, or

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

     Upon any such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other default or impair any right consequent thereon.

     Section 5.14 Undertaking for Costs.

     All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit,
other than the Trustee, 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, including the Trustee, 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 Company, the Trustee or by any Holder, or group of Holders, holding
in the aggregate more than 10% in principal amount of the Outstanding Securities of any series, or
to any suit instituted by any Holder of any Security for the enforcement of the payment of the
principal of (and premium, if any) or interest on or any Additional Amounts in respect of any
Security on or after the respective Stated Maturity or Maturities expressed in such Security (or,
in the case of redemption, on or after the Redemption Date) or interest on any overdue principal of
any Security.

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ARTICLE 6

THE TRUSTEE

     Section 6.1 Certain Duties and Responsibilities.

     (a) Except during the continuance of an Event of Default,

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

     (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture; but in the case of any such certificates or opinions which by any provisions
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.

     (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise
such of the rights and powers vested in it by this Indenture, and use the same degree of care and
skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs.

     (c) 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

     (i) this subsection shall not be construed to limit the effect of subsection (a) of
this Section;

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

     (iii) the Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the Holders of a majority in
principal amount of the Outstanding Securities of any series, relating to the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture with respect
to the Securities of such series; and

     (iv) no provision of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it.

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

     Section 6.2 Notice of Defaults.

     Within 90 days after the occurrence of any default hereunder with respect to the Securities of
any series, the Trustee shall transmit by mail to all Holders of Securities of such series entitled
to receive reports pursuant to Section 7.3(c), notice of such default hereunder known to the
Trustee, unless such default shall have been cured or waived; provided, however,
that, except in the case of a default in the payment of the principal of (and premium, if any) or
interest on, or any Additional Amounts with respect to, any Security of such series or in the
payment of any sinking fund installment with respect to Securities of such series, the Trustee
shall be protected in withholding such notice if and so long as the board of directors, the
executive committee or a trust committee of directors and responsible officers of the Trustee in
good faith determines that the withholding of such notice is in the interests of the Holders of
Securities of such series; and provided further, that in the case of any default of
the character specified in Section 5.1(c) with respect to Securities of such series, no such notice
to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of
this Section, the term “default” means any event which is, or after notice or lapse of time or both
would become, an Event of Default, with respect to Securities of such series.

     Section 6.3 Certain Rights of Trustee.

     Except as otherwise provided in Section 6.1:

     (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, direction,
consent, order, bond, debenture, note, or other paper or document reasonably believed by it to be
genuine and to have been signed or presented by the proper party or parties;

     (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced
by a Company Request or Company Order (other than delivery of any Security to the Trustee for
authentication and delivery pursuant to Section 3.3, 3.5 or 3.6 which shall be sufficiently
evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently
evidenced by a Board Resolution;

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

     (d) the Trustee may consult with counsel and the written advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon;

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

     (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, direction,
consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may
make such further inquiry or investigation into such facts or matters as it may see fit, and, if
the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney; and

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

     Section 6.4 Not Responsible for Recitals or Issuance of Securities.

     The recitals contained herein and in the Securities, except the Trustee’s certificate of
authentication, shall be taken as the statements of the Company, and the Trustee or any
Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Securities. The
Trustee or any Authenticating Agent shall not be accountable for the use or application by the
Company of Securities or the proceeds thereof.

     Section 6.5 May Hold Securities.

     The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other
agent of the Company, in its individual or any other capacity, may become the owner or pledgee of
Securities and, subject to Sections 6.8 and 6.13, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

     Section 6.6 Money Held in Trust.

     Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from
other funds except to the extent required by law. Neither the Trustee nor any Paying Agent shall
be under any liability for interest on any money received by it hereunder except as otherwise
agreed with the Company.

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     Section 6.7 Compensation and Reimbursement.

     The Company agrees

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

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

     (c) to indemnify the Trustee and its agents for, and to hold them harmless against, any loss,
liability or expense incurred without negligence or bad faith on their part, arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder, including the
costs and expenses of defending themselves against any claim or liability in connection with the
exercise or performance of any of their powers or duties hereunder.

     As security for the performance of the obligations of the Company under this Section, the
Trustee shall have a lien prior to the Securities of any series upon all property and funds held or
collected by the Trustee as such, except funds held in trust for the payment of principal of (or
premium, if any) or interests on or any Additional Amounts with respect to the Securities.

     Section 6.8 Disqualifications; Conflicting Interests. If the Trustee has or shall
acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall
either eliminate such interest or resign, to the extent and in the manner provided by, and subject
to the provisions of, the Trust Indenture Act and this Indenture.

     Section 6.9 Corporate Trustee Required; Eligibility.

     There shall at all times be a Trustee hereunder which shall be a corporation organized and
doing business under the laws of the United States of America, any State or the District of
Columbia, authorized under such laws to exercise corporate trust powers, having (or, in the case of
a subsidiary of a bank holding company, its parent shall have) a combined capital and surplus of at
least $50,000,000 and subject to supervision or examination by Federal or State authority. If such
corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall
resign immediately in the manner and with the effect hereinafter specified in this Article. Neither
the Company nor any Affiliate of the Company may serve as Trustee.

     Section 6.10 Resignation and Removal; Appointment of Successor.

     (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee under Section 6.11.

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     (b) The Trustee may resign at any time with respect to the Securities of one or more series by
giving written notice thereof to the Company. If the instrument of acceptance by a successor
Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to such series.

     (c) The Trustee may be removed at any time with respect to the Securities of any series by Act
of the Holders of a majority in principal amount of the Outstanding Securities of such series,
delivered to the Trustee and to the Company.

     (d) If at any time:

     (i) the Trustee shall fail to comply with Section 6.8 after written request therefor by
the Company or by any Holder of a Security who has been a bona fide Holder of a Security for
at least six months, or

     (ii) the Trustee shall cease to be eligible under Section 6.9 and shall fail to resign
after written request therefor by the Company or by any such Holder of a Security, or

     (iii) The Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or of its property shall be appointed or any public
officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation,

then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect
to all Securities, or (ii) subject to Section 5.14, any Holder of a Security who has been a bona
fide Holder of a Security of any series for at least six months may, on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee with respect to all Securities of such series and the appointment of a successor Trustee or
Trustees. Such courts may thereupon, after such notice, if any, as it may deem proper, remove the
Trustee and appoint a successor Trustee with respect to such Securities.

     (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Securities of one or more
series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees
with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and
that at any time there shall be only one Trustee with respect to the Securities of any particular
series) and shall comply with the applicable requirements of Section 6.11. If, within one year
after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee with respect to the Securities of any series shall have been appointed by Act of the
Holders of a majority in principal amount of the Outstanding Securities of such series delivered to
the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its
acceptance of such appointment in accordance with the applicable requirements of Section 6.11,
become the successor Trustee with respect to the Securities of such

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series and to that extent supersede the successor Trustee appointed by the Company. If no
successor Trustee with respect to the Securities of any series shall have been so appointed by the
Company or the Holders of Securities and accepted appointment in the manner required by Section
6.11, any Holder of a Security who has been a bona fide Holder of a Security of such series for at
least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of
such series. Such court may thereupon, after such notice, if any, as it may deem proper, remove
the Trustee and appoint a successor Trustee with respect to such Securities.

     (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Securities of any series and each appointment of a successor Trustee with respect to
the Securities of any series by mailing written notice of such event by first class mail, postage
prepaid, to the Holders of Securities of such series as their names and addresses appear in the
Security Register. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office.

     Section 6.11 Acceptance of Appointment by Successor.

     (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) if the retiring Trustee is not retiring with respect to all Securities, shall
contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring
Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such Trustees co-trustees of the same trust, 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 notice given to, or received by, or
any act or failure to act on the part of any other Trustee hereunder, and upon the

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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 other than as
hereinafter expressly set forth, and each such successor Trustee without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates; but, on request of the Company 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.

     Section 6.12 Merger, Conversion, Consolidation or Succession to Business.

     Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Trustee, including the administration of this Indenture, by sale or
otherwise, shall be the successor of the Trustee hereunder, provided such corporation shall be
otherwise qualified and eligible under this Article, without the execution or filing of any paper
or any further act on the part of any of the parties hereto. In case any Securities 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 6.13 Preferential Collection of Claims Against Company.

     (a) Subject to 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 four 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):

     (i) 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

38

 

beginning of such four month 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 (ii) 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

     (ii) 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 four-month 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:

     (i) 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 proceedings for reorganization pursuant to the Bankruptcy
Act (as used in Section 311 of the Trust Indenture Act) or applicable state law;

     (ii) 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 four-month period;

     (iii) 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 four month 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 four months; or

     (iv) to receive payment on any claim referred to in paragraph (ii) or (iii), against
the release of any property held as security for such claim as provided in paragraph (ii) or
(iii), as the case may be, to the extent of the fair value of such property.

     For the purposes of paragraphs (ii), (iii) and (iv) immediately above, property substituted
after the beginning of such four-month 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 Holders

39

 

of Securities and the holders of other indenture securities in such manner that the Trustee,
the Holders of Securities 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 proceedings 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 and the Holders of Securities and the holders of other indenture securities dividends on
claims filed against the Company in bankruptcy or receivership or in proceedings 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 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 proceedings 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 proceedings for reorganization is pending shall have jurisdiction (i)
to apportion between the Trustee and the Holders of Securities 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 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 and the Holders of Securities 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 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 which has resigned or been removed after the beginning of such four-month period
shall be subject to the provisions of this Subsection as though such resignation or removal had not
occurred. If any Trustee has resigned or been removed prior to the beginning of such four-month
period, it shall be subject to the provisions of this Subsection if and only if the following
conditions exist:

     (1) 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 four month period; and

     (2) such receipt of property or reduction of claim occurred within four 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:

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     (i) 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;

     (ii) advances authorized by a receivership or bankruptcy court of competent
jurisdiction, or by this Indenture, for the purpose of preserving any property which shall
at any time be subject to the lien of this Indenture or of discharging tax liens or other
prior liens or encumbrances thereon, if notice of such advances and of the circumstances
surrounding the making thereof is given to the Holders of Securities at the time and in the
manner provided in this Indenture;

     (iii) disbursements made in the ordinary course of business in the capacity of trustee
under an indenture, transfer agent, registrar, custodian, paying agent, fiscal agent or
depositary, or other similar capacity;

     (iv) 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;

     (v) the ownership of stock or of other securities of a corporation 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 (as used in Section 311 of the Trust Indenture Act)

     (vi) 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) For the purpose of this Section only:

     (i) the term “default” means any failure to make payment in full of the principal of or
interest on any of the Securities or upon the other indenture securities when and as such
principal or interest becomes due and payable;

     (ii) the term “other indenture securities” means securities upon which the Company is
an obligor outstanding under any other indenture (i) under which indenture and as to which
securities the Trustee is also trustee, (ii) which contains provisions substantially similar
to the provisions of this Section, and (iii) under which a default exists at the time of the
apportionment of the funds and property held in such special account;

     (iii) the term “cash transaction” means 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;

     (iv) the term “self-liquidating paper” means any draft, bill of exchange, acceptance or
obligation which is made, drawn, negotiated or incurred by the Company

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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 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;

     (v) the term “Company” means any obligor upon the Securities; and

     (vi) the term “Federal Bankruptcy Code” means the Bankruptcy Code of 1978, as amended,
or Title 11 of the United States Code.

     Section 6.14 Appointment of Authenticating Agent

     The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series
of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities
of such series issued upon original issue or exchange, registration of transfer or partial
redemption thereof or pursuant to Section 3.6, 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. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of
the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the
Company and shall at all times be a corporation organized and doing business under the laws of the
United States of America, any State thereof or the District of Columbia, authorized under such laws
to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000
and subject to supervision or examination by Federal or State authority. If such Authenticating
Agent publishes reports of condition at least annually, pursuant to law or to the requirements of
said supervising or examining authority, then for the purposes of this Section, the combined
capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time an
Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section,
such Authenticating Agent shall resign immediately in the manner and with the effect specified in
this Section.

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

     An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee
and to the Company. The Trustee may at any time terminate the agency of an

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Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the
Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this
Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the
Company and shall mail written notice of such appointment by first-class mail, postage prepaid, to
all Holders of Securities, if any, of the series with respect to which such Authenticating Agent
will serve, as their names and addresses appear in the Security Register. Any successor
Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the
rights, powers and duties of its predecessor hereunder, with like effect as if originally named as
an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible
under the provisions of this Section.

     The Trustee agrees to pay each Authenticating Agent from time to time reasonable compensation
for its services under this Section, and the Trustee shall be entitled to be reimbursed for such
payments, subject to the provisions of Section 6.7.

     The provisions of Sections 3.8, 6.4 and 6.5 shall be applicable to each Authenticating Agent.

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

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

	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION,
	 	 	as Trustee
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	As Authenticating Agent
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

     If all of the Securities of any series may not be originally issued at one time, and if the
Trustee does not have an office capable of authenticating Securities upon original issuance located
in a Place of Payment where the Company wishes to have Securities of such series authenticated upon
original issuance, the Trustee, if so requested in writing (which writing need not comply with
Section 1.2) by the Company, shall appoint in accordance with this Section 6.14 an Authenticating
Agent having an office in a Place of Payment designated by the Company with respect to such series
of Securities.

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ARTICLE 7

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

     Section 7.1 Company To Furnish Trustee Names and Addresses of Holders.

     The Company will furnish or cause to be furnished to the Trustee:

     (a) semi-annually, not later than June 15 and December 15 each year, a list, in such form as
the Trustee may reasonably require, of the names and addresses of the Holders of Securities of such
series as of the June 1 and December 1 preceding such June 15 or December 15;

     (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, that, in each case, so long as the Trustee is the Security
Registrar, no such list shall be required to be furnished.

     Section 7.2 Preservation of Information; Communications to Holders.

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names
and addresses of Holders of Securities (i) contained in the most recent list furnished to the
Trustee for each series as provided in Section 7.1, and (ii) received by the Trustee for each
series in the capacity of Security Registrar if the Trustee is then acting in such capacity. The
Trustee may destroy any list furnished to it as provided in Section 7.1 upon receipt of a new list
so furnished.

     (b) If three or more Holders of Securities of any 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 of such series 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 with the Holders of all Securities
with respect to their rights under this Indenture or under the 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

     (i) afford such applicants access to the information preserved at the time by the
Trustee in accordance with Section 7.2(a), or

     (ii) inform such applicants as to the approximate number of Holders of Securities whose
names and addresses appear in the information preserved at the time by the Trustee in
accordance with Section 7.2(a), and as to the approximate cost of mailing to such Holders
the form of proxy or other communication, if any, specified in such application.

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     If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon written request of such applicants, mail to each Holder of Securities whose
name and address appears in the information preserved at the time by the Trustee in accordance with
Section 7.2(a), a copy of the form of proxy or other communication which is specified in such
request, with reasonable promptness after a tender to the Trustee of the material to be mailed and
of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five
days after such tender the Trustee shall mail to such applicants and file with the Commission,
together with a copy of the material to be mailed, a written statement to the effect that, in the
opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of
Securities or would be in violation of applicable law. Such written statement shall specify the
basis of such opinion. If the Commission, after opportunity for a hearing upon the objections
specified in the written statement so filed, shall enter an order refusing to sustain any of such
objections or if, after the entry of an order sustaining one or more of such objections, the
Commission shall find, after notice and opportunity for hearing, that all the objections so
sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of
such material to all such Holders of Securities with reasonable promptness after the entry of such
order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or
duty to such applicants respecting their application.

     (c) Every Holder of 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 Section 7.2(b), 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 Section 7.2(b).

     Section 7.3 Reports by Trustee.

     (a) Within 60 days after May 15 of each year commencing with the year 2008, the Trustee shall
transmit by mail to all Holders of Securities, if required by Section 313(a) of the Trust Indenture
Act and as provided in Subsection (c) of this Section, a brief report dated as of such May 15 with
respect to:

     (i) any change to its eligibility under Section 6.9 and its qualifications under
Section 6.8, or in lieu thereof, if to the best of its knowledge it has continued to be
eligible and qualified under said Sections, a written statement to such effect;

     (ii) the creation of any material change to a relationship specified in paragraphs (1)
through (10) of Section 310(b) of the Trust Indenture Act

     (iii) 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, except that the Trustee shall not be required (but may elect) to
report such advances if such advances so remaining unpaid

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aggregate not more than 1/2 of 1% of the principal amount of the Securities Outstanding
on the date of such report;

     (iv) 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 an indebtedness based upon a creditor
relationship arising in any manner described in Section 6.13(b)(ii), (iii), (iv) or (vi);

     (v) the property and funds, if any, physically in the possession of the Trustee as such
on the date of such report;

     (vi) any additional issue of Securities which the Trustee has not previously reported;
and

     (vii) any action taken by the Trustee in the performance of its duties hereunder which
it has not previously reported and which in its opinion materially affects the Securities,
except action in respect of a default, notice of which has been or is to be withheld by the
Trustee in accordance with Section 6.2, provided however, that if the Trust Indenture Act is
amended subsequent to the date hereof to eliminate the requirement of the Trustee’s brief
report, the report required by this Section need not be transmitted to any Holders.

     (b) The Trustee shall transmit by mail to all Holders of Securities, as provided in subsection
(c) to this Section, 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 subsection (a) of this
Section (or if no such report has yet been so transmitted, since the date of execution of this
instrument) for the reimbursement of which it claims or may claim a lien or charge, prior to that
of the Securities, on property or funds collected by it as Trustee, and which it has not previously
reported pursuant to this subsection, except that the Trustee shall not be required (but may elect)
to report such advances if such advances remaining unpaid at any time aggregate 10% or less of the
principal amount of the Securities Outstanding at such time, such report to be transmitted within
90 days after such time.

     (c) Reports pursuant to this Section and Section 6.2 shall be transmitted by mail:

     (i) to all Holders of Securities, as the names and addresses of such Holders appear in
the Security Register; and

     (ii) to such holders of indenture securities that have within the two years preceding
such transmission, filed their names and addresses with the Trustee for that purpose.

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     (iii) except in the case of reports pursuant to subsection (b) of this Section, to each
Holder of a Security whose name and address is preserved at the time by the Trustee, as
provided in Section 7.2(a).

     (d) A copy of each such report shall, at the time of such transmission to Holders of
Securities, be filed by the Trustee with any stock exchange upon which the Securities are listed,
with the Commission and with the Company. The Company will notify the Trustee when any Securities
are listed on any stock exchange.

     Section 7.4 Reports by the Company.

     The Company shall:

     (a) file with the Trustee, within 30 days after the Company is required to file the same with
the Commission, copies of the annual reports and of the information, documents and other reports
(or copies of such portions of any of the foregoing as the Commission may from time to time by
rules and regulations prescribe) which the Company may be required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company
is not required to file information, documents or reports pursuant to either of said Sections, then
it shall file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such of the supplementary and periodic information,
documents and reports which may be required pursuant to Section 13 of the Securities Exchange Act
of 1934 in respect of a security listed and registered on a national securities exchange as may be
prescribed from time to time in such rules and regulations;

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

     (c) transmit within 30 days after the filing thereof with the Trustee, in the manner and to
the extent provided in Section 7.3(c) with respect to reports pursuant to Section 7.3(a), such
summaries of any information, documents and reports required to be filed by the Company pursuant to
paragraphs (a) and (b) of this Section as may be required by rules and regulations prescribed from
time to time by the Commission.

ARTICLE 8

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

     Section 8.1 Consolidations and Mergers of Company and Sales, Leases and Conveyances
Permitted Subject to Certain Conditions.

     The Company covenants that it will not merge or consolidate with any other corporation or sell
or convey all or substantially all of its assets to any Person, unless (i) either the Company shall
be the continuing corporation, or the successor corporation or the Person

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which acquires by sale or conveyance substantially all the assets of the Company (if other
than the Company) shall be a corporation organized under the laws of the United States of America
or any State thereof and shall expressly assume the due and punctual payment of the principal of
and interest on all the Securities, according to their tenor, and the due and punctual performance
and observance of all of the covenants and conditions of this Indenture to be performed or observed
by the Company, by supplemental indenture satisfactory to the Trustee, executed and delivered to
the Trustee by such corporation, and (ii) the Company or such successor corporation, as the case
may be, shall not, immediately after such merger or consolidation, or such sale or conveyance, be
in default in the performance of any such covenant or condition.

     Section 8.2 Rights and Duties of Successor Corporation.

     In case of any such consolidation, merger, sale, lease or conveyance and upon any such
assumption by the successor corporation, 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 the predecessor corporation shall be relieved of any further obligation 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, 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 corporation, 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 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.

     In case of any such consolidation, merger, sale, lease or conveyance, such changes in
phraseology and form (but not in substance) may be made in the Securities thereafter to be issued
as may be appropriate.

     Section 8.3 Officers’ Certificate and Opinion of Counsel.

     The Trustee, subject to the provisions of Sections 6.1 and 6.3, may receive an Officers’
Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation, merger,
sale, lease or conveyance, and any such assumption and any such supplemental indenture, if any,
complies with the provisions of this Article and that all conditions precedent herein provided
relating to such transactions have been complied with.

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ARTICLE 9

SUPPLEMENTAL INDENTURE

     Section 9.1 Supplemental Indentures without Consent of Holders.

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

     (a) to evidence the succession of another Person to the Company, and the assumption by any
such successor of the covenants of the Company herein and in the Securities contained; or

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

     (c) to change or eliminate any restrictions on the payment of principal (or premium, if any)
on Securities or to permit or facilitate the issuance of Securities in uncertificated form,
provided any such action shall not adversely affect the interests of the Holders of Securities of
any series in any material respect; or

     (d) to change or eliminate any provision of this Indenture, provided that any such
change or elimination (i) shall become effective only when there is no Security Outstanding of any
series created prior to the execution of such supplemental indenture which is entitled to the
benefit of such provision or (ii) shall not apply to any Security Outstanding; or

     (e) to establish the form or terms of Securities of any series as permitted by Sections 2.1
and 3.1; or

     (f) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to the Securities of one or more series and to add to or change any of the provisions
of this Indenture as shall be necessary to provide for or facilitate the administration of the
trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.11(b); or

     (g) to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other provisions with
respect to matters or questions arising under this Indenture which shall not adversely affect the
interest of the Holders of Securities of any series in any material respect; or

     (h) to add to, delete from or revise the conditions, limitations and restrictions on the
authorized amount, terms or purposes of issue, authentication and delivery of Securities, as herein
set forth; or

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     (i) to add any additional Events of Default (and if such Events of Default are to be
applicable to less than all series of Securities stating that such Events of Default are expressly
being included solely to be applicable to such series); or

     (j) to add to or change or eliminate any provision of this Indenture as shall be necessary or
desirable in accordance with any amendments to the Trust Indenture Act, provided such action shall
not adversely affect the interest of the Holders of the Securities of any series in any material
respect.

     Section 9.2 Supplemental Indentures with Consent of Holders.

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

     (a) change the Stated Maturity of the principal of, or any installment of interest on, any
Security, or reduce the principal amount thereof or the rate of interest thereon or any Additional
Amounts payable in respect thereof, or any premium payable upon the redemption thereof, or change
the obligation of the Company to pay Additional Amounts pursuant to Section 10.4 (except as
contemplated by Section 8.1 and permitted by Section 9.1(a)), or reduce the amount of the principal
of an Original Issue Discount Security that would be due and payable upon a declaration of
acceleration of the maturity thereof pursuant to Section 5.2, or change any Place of Payment where,
or the coin or currency in which, any Security or any premium or the interest thereon is payable,
or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or

     (b) reduce the percentage in principal amount of the Outstanding Securities of any series, the
consent of whose Holders is required for any such supplemental indenture, or the consent of whose
Holders is required for any waiver (of compliance with certain provisions of this Indenture or
certain defaults hereunder and their consequences) provided for in this Indenture, or

     (c) modify any of the provisions of this Section, or Section 5.13, or Section 10.6, except to
increase any such percentage or to provide that certain other provisions of this Indenture cannot
be modified or waived without the consent of the Holder of each Outstanding Security affected
thereby, or

     (d) adversely affect the right to repayment, if any, of Securities of any series at the option
of the Holders thereof.

     A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or

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more particular series of Securities, or which modifies the rights of the Holders of
Securities of such series with respect to such covenant or other provision, shall be deemed not to
affect the rights under this Indenture of the Holders of Securities of any other series.

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

     Section 9.3 Execution of Supplemental Indentures.

     In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trust created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 6.1) shall be fully protected in
relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter
into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities
under this Indenture or otherwise.

     Section 9.4 Effect of Supplemental Indentures.

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

     Section 9.5 Conformity with Trust Indenture Act.

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

     Section 9.6 Reference in Securities to Supplemental Indentures.

     Securities of any series authenticated and delivered after the execution of any supplemental
indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in
form approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by
the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities
of such series.

ARTICLE 10

COVENANTS

     Section 10.1 Payment of Principal, Premium, if any, and Interest.

     The Company covenants and agrees for the benefit of the Holders of each series of Securities
that it will duly and punctually pay the principal of (and premium, if any), interest

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on and any Additional Amounts payable in respect of the Securities of that series in
accordance with the terms of such series of Securities and this Indenture.

     Section 10.2 Maintenance of Office or Agency.

     The Company will maintain in each Place of Payment for any series of Securities an office or
agency where Securities of that series may be presented or surrendered for payment, where
Securities of that series may be surrendered for registration of transfer or exchange and where
notices and demands to or upon the Company in respect of the Securities of that series and this
Indenture may be served. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints U.S. Bank Trust National
Association, an Affiliate of the Trustee, as its agent to receive all such presentations,
surrenders, notices and demands.

     The Company may also from time to time designate one or more other offices or agencies where
the Securities of one or more series may be presented or surrendered for any or all such purposes
and may from time to time rescind such designations; provided, however, that no
such designation or rescission shall in any manner relieve the Company of its obligation to
maintain an office or agency in each Place of Payment for Securities of any series for such
purposes. The Company will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency. Unless otherwise
set forth in a Board Resolution or indenture supplemental hereto with respect to a series of
Securities, the Company hereby designates as the Place of Payment for each series of Securities the
Borough of Manhattan, The City of New York, and initially appoints the Trustee at its Corporate
Trust Offices as the Company’s office or agency for each of such purposes in such city.

     Section 10.3 Money for Securities Payments To Be Held in Trust.

     If the Company shall at any time act as its own Paying Agent with respect to any series of
Securities, it will, on or before each due date of the principal of (and premium, if any), or
interest on, any of the Securities of that series, segregate and hold in trust for the benefit of
the Person entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest
so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein
provided, and will promptly notify the Trustee of its action or failure so to act.

     Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, on or 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.

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     The Company will cause each Paying Agent for any series of Securities other than the Trustee
to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the
Trustee, subject to the provisions of this Section, that such Paying Agent will

     (a) hold all sums held by it for the payment of the principal of (and premium, if any) or
interest on Securities of that series in trust for the benefit of the Persons entitled thereto
until such sums shall be paid to such Persons or otherwise disposed of as herein provided;

     (b) give the Trustee notice of any default by the Company (or any other obligor upon the
Securities of that series) in the making of any payment of principal (and premium, if any) or
interest on the Securities of that series; and

     (c) at any time during the continuance of any such default, upon the written request of the
Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent.

     The Company may at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay,
to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by
the Trustee upon the same 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.

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

     Section 10.4 Additional Amounts.

     If the Securities of a series provide for the payment of Additional Amounts, the Company will
pay to the Holder of any Security of any series Additional Amounts as provided therein. Whenever
in this Indenture there is mentioned, in any context, the payment of the principal of (or premium,
if any) or interest on, or in respect of, any Security of any series or the net proceeds received
on the sale or exchange of any Security of any series, such mention shall

53

 

be deemed to include mention of the payment of Additional Amounts provided for in the terms of
such Security and this Section to the extent that, in such context, Additional Amounts are, were or
would be payable in respect thereof pursuant to the provisions of this Section and express mention
of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be
construed as excluding Additional Amounts in those provisions hereof where such express mention is
not made.

     If the Securities of a series provide for the payment of Additional Amounts, at least 10 days
prior to the first Interest Payment Date with respect to that series of Securities (or if the
Securities of that series will not bear interest prior to Maturity, the first day on which a
payment of principal (and premium, if any) is made, and at least 10 days prior to each date of
payment of principal (and premium, if any) or interest, if there has been any change with respect
to the matters set forth in the below-mentioned Officers’ Certificate), the Company will furnish
the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee,
with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents
whether such payment of principal (and premium, if any) or interest on the Securities of that
series shall be made to Holders of Securities of that series who are United States Aliens without
withholding for or on account of any tax, assessment or other governmental charge described in the
Securities of that series. If any such withholding shall be required, then such Officers’
Certificate shall specify by country the amount, if any, required to be withheld on such payments
to such Holders of Securities and the Company will pay to the Trustee or such Paying Agent the
Additional Amounts required by the terms of such Security and the first paragraph of this Section.
The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless
against, any loss, liability or expense reasonably incurred without negligence or bad faith on
their part arising out of or in connection with actions taken or omitted by any of them in reliance
on any Officers’ Certificate furnished pursuant to this Section.

     Section 10.5 Statement as to Compliance; Notice of Certain Defaults.

     (a) The Company will deliver to the Trustee, within 120 days after the end of each fiscal year
(which on the date hereof ends on December 31), a written statement, which need not comply with
Section 1.2, signed by the principal executive officer, the principal financial officer or the
principal accounting officer of the Company, stating that

     (i) a review of the activities of the Company and its subsidiaries during such year and
of performance under this Indenture has been made under his supervision, and

     (ii) to the best of his knowledge, based on such review, (a) the Company has fulfilled
all of its obligations under this Indenture throughout such year, or, if there has been a
default in the fulfillment of any such obligation, specifying each such default known to him
and the nature and status thereof, and (b) no event has occurred and is continuing which is,
or after notice or lapse of time or both would become, an Event of Default, or, if such
event has occurred and is continuing, specifying each such event known to him and the nature
and status thereof.

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     (b) The Company will deliver to the Trustee within five days after the occurrence thereof,
written notice of any event which after notice or lapse of time or both would become an Event of
Default pursuant to clause (d) of Section 5.1.

     Section 10.6 Waiver of Certain Covenants.

     The Company may omit in any particular instance to comply with any term, provision or
condition set forth in Section [any covenant provided pursuant to Section 3.1(p), 9.1(b) or 9.1(e)]
with respect to the Securities of any series if before the time for such compliance the Holders of
at least a majority in principal amount of the Outstanding Securities of such series shall, by Act
of such Holders, either waive such compliance in such instance or generally waive compliance with
such term, provision or condition, but no such waiver shall extend to or affect such term,
provision or condition except to the extent so expressly waived, and, until such waiver shall
become effective, the obligations of the Company and the duties of the Trustee in respect of any
such term, provision or condition shall remain in full force and effect.

ARTICLE 11

REDEMPTION OF SECURITIES

     Section 11.1 Applicability of Article.

     Securities of any series which are redeemable at the option of the Company before their Stated
Maturity shall be redeemable in accordance with the terms of such Securities and (except as
otherwise specified as contemplated by Section 3.1 for Securities of any series) this Article.
Securities of any series which are redeemable at the option of the Holder before their Stated
Maturity shall be redeemable in accordance with the terms of such Securities and (except as
otherwise specified as contemplated by Section 3.1 for Securities of any series) Sections 11.5 and
11.6 of this Article.

     Section 11.2 Election to Redeem; Notice to Trustee

     The election of the Company to redeem any Securities shall be evidenced by a Board Resolution.
In case of any redemption at the election of the Company of the Securities of any series, the
Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter
notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, the
principal amount of Securities of such series to be redeemed and the relevant terms of the
Securities to be redeemed. The election of a Holder to redeem any Securities shall be evidenced by
a writing by a Holder sent to the Trustee and the Company at least 60 days prior to the Redemption
Date fixed by the Holder in such notice (unless a shorter notice period shall be satisfactory to
the Trustee). Such notice shall notify the Trustee and the Company of such Redemption Date, the
principal amount of Securities of such series to be redeemed and any relevant terms of the
Securities of such series to be redeemed.

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     Section 11.3 Selection by Trustee of Securities To Be Redeemed.

     If less than all the Securities of any series having the same terms are to be redeemed, the
particular Securities to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee from the Outstanding Securities of such series not previously called
for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide
for the selection for redemption of portions (equal to the minimum authorized denomination for
Securities of such series or any integral multiple thereof which is also an authorized
denomination) of the principal amount of Securities of such series of a denomination larger than
the minimum authorized denomination for Securities of such series.

     The Trustee shall promptly notify the Company and the Security Registrar (if other than
itself) in writing of the Securities selected for redemption and, in the case of any Securities
selected for partial redemption, the principal amount thereof to be redeemed.

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

     Section 11.4 Notice of Redemption.

     Notice of redemption shall be given in the manner provided in Section 1.6, not less than 30
nor more than 60 days prior to the Redemption Date, unless a shorter period is specified in the
Securities to be redeemed (which shorter period shall be acceptable to the Trustee), to the Holders
of Securities to be redeemed. Failure to give notice by mailing in the manner herein provided to
the Holder of any Securities designated for redemption as a whole or in part, or any defect in the
notice to any such Holder, shall not affect the validity of the proceedings for the redemption of
any other Securities or portion thereof. Any notice that is mailed to the Holder of any Securities
in the manner herein provided shall be conclusively presumed to have been duly given, whether or
not such Holder receives the notice.

     All notices of redemption shall state:

     (a) the Redemption Date,

     (b) the Redemption Price (or the method of calculating the Redemption Price) and accrued
interest, if any,

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

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

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     (e) that on the Redemption Date the Redemption Price will become due and payable upon each
such Security to be redeemed, and, if applicable, that interest thereon shall cease to accrue on
and after said date,

     (f) the Place or Places of Payment where such Securities are to be surrendered for payment of
the Redemption Price, and

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

     A notice of redemption published as contemplated by Section 1.6 need not identify particular
Securities to be redeemed.

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

     Section 11.5 Deposit of Redemption Price.

     On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a
Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 10.3) an amount of money sufficient to pay the Redemption Price of, and (except
if the Redemption Date shall be an Interest Payment Date) accrued interest on and any Additional
Amounts with respect thereto, all the Securities or portions thereof which are to be redeemed on
that date.

     Section 11.6 Securities Payable on Redemption Date.

     Notice of redemption having been given by the Holder to the Company and Trustee pursuant to
Section 11.2 or to the Holder by the Company or the Trustee pursuant to Section 11.4, the
Securities so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the Company shall default
in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest. Upon surrender of any such Security for redemption in accordance with said notice, such
Security shall be paid by the Company at the Redemption Price, together with accrued interest (and
any Additional Amounts) to the Redemption Date; provided, however, that
installments of interest on Securities whose Stated Maturity is on or prior to the Redemption Date
shall be payable to the Holders of such Securities, or one or more Predecessor Securities,
registered as such at the close of business on the Regular Record Dates according to their terms
and the provisions of Section 3.7.

     If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium, if any) shall, until paid, bear interest from the
Redemption Date at the rate prescribed therefor in the Security.

     Section 11.7 Securities Redeemed in Part.

     Any Security which is to be redeemed only in part shall be surrendered at any office or agency
of the Company maintained for that purpose pursuant to Section 10.2 (with, if

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the Company or the Trustee so requires, due endorsement by, or a written instrument of
transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof
or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall
authenticate and deliver to the Holder of such Security, without service charge, a new Security or
Securities of the same series, containing identical terms and provisions, of any authorized
denomination as requested by such Holder in aggregate principal amount equal to and in exchange for
the unredeemed portion of the principal of the Security so surrendered.

ARTICLE 12

SINKING FUNDS

     Section 12.1 Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for the retirement of
Securities of a series, except as otherwise specified as contemplated by Section 3.1 for Securities
of such series or as otherwise permitted or required by any form of Security of such series issued
pursuant to this Indenture.

     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 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 12.2. Each sinking fund payment shall be applied to the
redemption of Securities of any series as provided for by the terms of Securities of such series.

     Section 12.2 Satisfaction of Sinking Fund Payments with Securities.

     The Company may, in satisfaction of all or any part of any sinking fund payment with respect
to the Securities of a series to be made pursuant to the terms of such Securities as provided for
by the terms of such series, (1) deliver Outstanding Securities of such series (other than any of
such Securities previously called for redemption) theretofore purchased or receive credit for
Securities (not previously so credited) theretofore purchased by the Company and delivered to the
Trustee for cancellation pursuant to Section 3.9, and (2) apply as a credit Securities of such
series which have been redeemed either at the election of the Company pursuant to the terms of such
series of Securities or through the application of permitted optional sinking fund payments
pursuant to the terms of such Securities, 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. If, as
a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to
this Section 12.2, the principal amount of Securities of such series to be redeemed in order to
exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call
Securities of such series for redemption, except upon Company Request, and such cash payment shall
be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent

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shall at the request of the Company from time to time pay over and deliver to the Company any
cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the
Trustee of Securities of that series purchased by the Company having an unpaid principal amount
equal to the cash payment requested to be released to the Company.

     Section 12.3 Redemption of Securities for Sinking Fund.

     Not less than 60 days prior to each sinking fund payment date for any series of Securities,
the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the
portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if
any, which is to be satisfied by delivering and crediting of Securities of that series pursuant to
Section 12.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory
sinking fund payment, and will also deliver to the Trustee any Securities to be so credited and not
theretofore delivered. If such Officers’ Certificate shall specify an optional amount to be added
in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be
obligated to pay the amount therein specified. 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 11.3 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 11.4. Such
notice having been duly given, the redemption of such Securities shall be made upon the terms and
in the manner stated in Sections 11.6 and 11.7.

ARTICLE 13

SUBORDINATION

     Section 13.1 Agreement to Subordinate.

     The Company covenants and agrees, and each Holder of Securities issued hereunder and under any
indenture supplemental hereto or pursuant to a Board Resolution and Officer’s Certificate
(“Additional Provisions”) by such Holder’s acceptance thereof likewise covenants and agrees, that
all Securities shall be issued subject to the provisions of this Article 13; and each Holder of a
Security, whether upon original issue or upon transfer or assignment thereof, accepts and agrees to
be bound by such provisions.

     The payment by the Company of the principal of, any premium and interest on and any Additional
Amounts with respect to all Securities of each series issued hereunder and under any Additional
Provisions shall, to the extent and in the manner hereinafter set forth, be subordinate in right of
payment to the prior payment in full of all Senior Indebtedness with respect to such series,
whether outstanding at the date of this Indenture or thereafter incurred.

     No provision of this Article 13 shall prevent the occurrence of any default or Event of
Default hereunder.

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     Section 13.2 Default on Senior Indebtedness.

     In the event and during the continuation of any default by the Company in the payment of
principal, premium, interest or any other amount due on any Senior Indebtedness with respect to the
Securities of any series, or in the event that the maturity of any Senior Indebtedness with respect
to the Securities of any series has been accelerated because of a default, then, in either case, no
payment shall be made by the Company with respect to the principal (including redemption and
sinking fund payments) of, any premium or interest on, or any Additional Amounts with respect to,
the Securities of such series.

     In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee
when such payment is prohibited by the preceding paragraph of this Section 13.2, such payment shall
be held in trust for the benefit of, and shall be paid over or delivered to, the holders of such
Senior Indebtedness or their respective representatives, or to the trustee or trustees under any
indenture pursuant to which any of such Senior Indebtedness may have been issued, as their
respective interests may appear, but only to the extent that the holders of such Senior
Indebtedness (or their representative or representatives or a trustee) notify the Trustee in
writing within 90 days of such payment of the amounts then due and owing on such Senior
Indebtedness and only the amounts specified in such notice to the Trustee shall be paid to the
holders of such Senior Indebtedness.

     Section 13.3 Liquidation; Dissolution; Bankruptcy.

     Upon any payment by the Company or distribution of assets of the Company of any kind or
character, whether in cash, property or securities, to creditors upon any dissolution, winding-up,
liquidation or reorganization of the Company, whether voluntary or involuntary, or in bankruptcy,
insolvency, receivership or other proceedings, all amounts due upon all Senior Indebtedness with
respect to the Securities of any series shall first be paid in full, or payment thereof provided
for in money in accordance with its terms, before any payment is made by the Company on account of
the principal of, premium or interest on, or Additional Amounts with respect to, the Securities of
such series; and upon any such dissolution, winding-up, liquidation or reorganization, or in any
such bankruptcy, insolvency, receivership or other proceeding, any payment by the Company, or
distribution of assets of the Company of any kind or character, whether in cash, property or
securities, to which the Holders or the Trustee would be entitled to receive from the Company,
except for the provisions of this Article 13, shall be paid by the Company or by any receiver,
trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or
distribution, or by the Holders or by the Trustee under this Indenture if received by them or it,
directly to the holders of such Senior Indebtedness (pro rata to such holders on the basis of the
respective amounts of such Senior Indebtedness held by such holders, as calculated by the Company)
or their representative or representatives, or to the trustee or trustees under any indenture
pursuant to which any instruments evidencing such Senior Indebtedness may have been issued, as
their respective interests may appear, to the extent necessary to pay such Senior Indebtedness in
full, in money or money’s worth, after giving effect to any concurrent payment or distribution to
or for the holders of such Senior Indebtedness, before any payment or distribution is made to the
Holders of the Securities of such series or to the Trustee.

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     In the event that, notwithstanding the foregoing, any payment or distribution of assets of the
Company of any kind or character, whether in cash, property or securities, prohibited by the
foregoing shall be received by the Trustee before all such Senior Indebtedness is paid in full, or
provision is made for such payment in money in accordance with its terms, such payment or
distribution shall be held in trust for the benefit of and shall be paid over or delivered to the
holders of such Senior Indebtedness (pro rata to such holders on the basis of the respective
amounts of such Senior Indebtedness held by such holder as calculated by the Company) or their
representative or representatives, or to the trustee or trustees under any indenture pursuant to
which any instruments evidencing such Senior Indebtedness may have been issued, as their respective
interests may appear, as calculated by the Company, or to any receiver, trustee in bankruptcy,
liquidating trustee, agent or other person making such distribution for application to the payment
of all such Senior Indebtedness remaining unpaid to the extent necessary to pay such Senior
Indebtedness in full in money in accordance with its terms, after giving effect to any concurrent
payment or distribution to or for the benefit of the holders of such Senior Indebtedness.

     For purposes of this Article 13, the words “cash, property or securities” shall not be deemed
to include shares of stock of the Company as reorganized or readjusted, or securities of the
Company or any other corporation provided for by a plan of reorganization or readjustment, the
payment of which is subordinated at least to the extent provided in this Article 13 with respect to
the Securities of the relevant series to the payment of all Senior Indebtedness with respect to the
Securities of such series that may at the time be outstanding, provided that (i) such Senior
Indebtedness is assumed by the new corporation, if any, resulting from any such reorganization or
readjustment, and (ii) the rights of the holders of such Senior Indebtedness are not, without the
consent of such holders, altered by such reorganization or readjustment. The consolidation of the
Company with, or the merger of the Company into, another Person or the liquidation or dissolution
of the Company following the conveyance, transfer or lease of its property as an entirety, or
substantially as an entirety, to another Person upon the terms and conditions provided for in
Sections 8.1 and 8.2 of this Indenture shall not be deemed a dissolution, winding-up, liquidation
or reorganization for the purposes of this Section 13.3 if such other Person shall, as a part of
such consolidation, merger, conveyance or transfer, comply with the conditions stated in Sections
8.1 and 8.2 of this Indenture. Nothing in Section 13.2 or in this Section 13.3 shall apply to
claims of, or payments to, the Trustee under or pursuant to Section 6.7 of this Indenture.

     Section 13.4 Subrogation.

     Subject to the prior payment in full of all Senior Indebtedness, the rights of the Holders of
the Securities shall be subrogated to the rights of the holders of such Senior Indebtedness to
receive payments or distributions of cash, property or securities of the Company applicable to such
Senior Indebtedness until the principal of, any premium and interest on, and any Additional Amounts
with respect to, the Securities of such series shall be paid in full; and, for the purposes of such
subrogation, no payments or distributions to the holders of such Senior Indebtedness of any cash,
property or securities to which the Holders or the Trustee would be entitled except for the
provisions of this Article 13, and no payment over pursuant to the provisions of this Article 13 to
or for the benefit of the holders of such Senior Indebtedness by Holders of the Securities of such
series or the Trustee, shall, as between the Company, its

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creditors other than holders of such Senior Indebtedness, and the Holders of the Securities of
such series, be deemed to be a payment by the Company to or on account of such Senior Indebtedness.
It is understood that the provisions of this Article 13 are and are intended solely for the
purposes of defining the relative rights of the Holders of the Securities of each series, on the
one hand, and the holders of the Senior Indebtedness with respect to the Securities of such series
on the other hand.

     Nothing contained in this Article 13 or elsewhere in this Indenture, any Additional Provisions
or in the Securities of any series is intended to or shall impair, as between the Company, its
creditors other than the holders of Senior Indebtedness with respect to the Securities of such
series, and the Holders of the Securities of such series, the obligation of the Company, which is
absolute and unconditional, to pay to the Holders of the Securities of such series the principal
of, any premium and interest on, and any Additional Amounts with respect to, the Securities of such
series as and when the same shall become due and payable in accordance with their terms, or is
intended to or shall affect the relative rights of the Holders of the Securities of such series and
creditors of the Company, other than the holders of such Senior Indebtedness, nor shall anything
herein or therein prevent the Trustee or the Holder of any Security of such series from exercising
all remedies otherwise permitted by applicable law upon default under this Indenture, subject to
the rights, if any, under this Article 13 of the holders of such Senior Indebtedness in respect of
cash, property or securities of the Company, as the case may be, received upon the exercise of any
such remedy.

     Upon any payment or distribution of assets of the Company referred to in this Article 13, the
Trustee, subject to the provisions of Article 6 of this Indenture, and the Holders shall be
entitled to conclusively rely upon any order or decree made by any court of competent jurisdiction
in which such dissolution, winding-up, liquidation or reorganization proceedings are pending, or a
certificate of the receiver, trustee in bankruptcy, liquidation trustee, agent or other Person
making such payment or distribution, delivered to the Trustee or to the Holders of the Securities
of any series, for the purposes of ascertaining the Persons entitled to participate in such
distribution, the holders of Senior Indebtedness with respect to the Securities of such series and
other indebtedness of the Company, as the case may be, the amount thereof or payable thereon, the
amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this
Article 13.

     Section 13.5 Trustee to Effectuate Subordination.

     Each Holder of Securities by such Holder’s acceptance thereof authorizes and directs the
Trustee on such Holder’s behalf to take such action as may be necessary or appropriate to
effectuate the subordination provided in this Article 13 and appoints the Trustee such Holder’s
attorney-in-fact for any and all such purposes.

     Section 13.6 Notice by the Company.

     The Company shall give prompt written notice to a Responsible Officer of the Trustee of any
fact known to the Company that would prohibit the making of any payment of monies to or by the
Trustee in respect of the Securities of any series pursuant to the provisions of this Article 13.
Notwithstanding the provisions of this Article 13 or any other provision of this

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Indenture or any Additional Provisions, the Trustee shall not be charged with knowledge of the
existence of any facts that would prohibit the making of any payment of monies to or by the Trustee
in respect of the Securities of any series pursuant to the provisions of this Article 13, unless
and until a Responsible Officer of the Trustee shall have received written notice thereof from the
Company or a holder or holders of Senior Indebtedness with respect to the Securities of such series
or from any trustee therefor; and before the receipt of any such written notice, the Trustee,
subject to the provisions of Article 6 of this Indenture, shall be entitled in all respects to
assume that no such facts exist; provided, however, that if the Trustee shall not have received the
notice provided for in this Section 13.6 at least two Business Days prior to the date upon which by
the terms hereof any money may become payable for any purpose (including, without limitation, the
payment of the principal of, any premium or interest on, or any Additional Amounts with respect to,
any Security of such series), then, anything herein contained to the contrary notwithstanding, the
Trustee shall have full power and authority to receive such money and to apply the same to the
purposes for which they were received, and shall not be affected by any notice to the contrary that
may be received by it within two Business Days prior to such date.

     The Trustee, subject to the provisions of Article 6 of this Indenture, shall be entitled to
conclusively rely on the delivery to it of a written notice by a Person representing himself to be
a holder of Senior Indebtedness with respect to the Securities of any series (or a trustee on
behalf of such holder), to establish that such notice has been given by a holder of such Senior
Indebtedness or a trustee on behalf of any such holder or holders. In the event that the Trustee
determines in good faith that further evidence is required with respect to the right of any Person
as a holder of such Senior Indebtedness to participate in any payment or distribution pursuant to
this Article 13, the Trustee may request such Person to furnish evidence to the reasonable
satisfaction of the Trustee as to the amount of such Senior Indebtedness held by such Person, the
extent to which such Person is entitled to participate in such payment or distribution and any
other facts pertinent to the rights of such Person under this Article 13, and, if such evidence is
not furnished, the Trustee may defer any payment to such Person pending judicial determination as
to the right of such Person to receive such payment.

     Upon any payment or distribution of assets of the Company referred to in this Article 13, the
Trustee and the Holders shall be entitled to rely upon any order or decree entered by any court of
competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation,
reorganization, dissolution, winding-up or similar case or proceeding is pending, or a certificate
of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of
creditors, agent or other Person making such payment or distribution, delivered to the Trustee or
to the Holders of the Securities of any series, for the purpose of ascertaining the Persons
entitled to participate in such payment or distribution, the holders of Senior Indebtedness with
respect to the Securities of such series and other indebtedness of the Company, the amount thereof
or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent
thereto or to this Article 13.

     Section 13.7 Rights of the Trustee; Holders of Senior Indebtedness.

     The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article 13 in respect of any Senior Indebtedness at any time held by it, to the same extent as

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any other holder of such Senior Indebtedness, and nothing in this Indenture or any Additional
Provisions shall deprive the Trustee of any of its rights as such holder.

     With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to
observe only such of its covenants and obligations as are specifically set forth in this Indenture,
and no implied covenants or obligations with respect to the holders of such Senior Indebtedness
shall be read into this Indenture or any Additional Provisions against the Trustee. The Trustee
shall not be deemed to owe any fiduciary duty to the holders of such Senior Indebtedness and,
subject to the provisions of Article 6 of this Indenture, the Trustee shall not be liable to any
holder of such Senior Indebtedness if it shall pay over or deliver to Holders of the Securities of
such series, the Company or any other Person money or assets to which any holder of such Senior
Indebtedness shall be entitled by virtue of this Article 13 or otherwise.

     Nothing in this Article 13 shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 6.6.

     Section 13.8 Subordination May Not Be Impaired.

     No right of any present or future holder of any Senior Indebtedness to enforce subordination
as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to
act on the part of the Company, or by any act or failure to act, in good faith, by any such holder,
or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture,
regardless of any knowledge thereof that any such holder may have or otherwise be charged with.

     Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Indebtedness with respect to the Securities of any series may, at any time and from time to time,
without the consent of or notice to the Trustee or the Holders of Securities of such series,
without incurring responsibility to such Holders and without impairing or releasing the
subordination provided in this Article 13 or the obligations hereunder of the Holders of the
Securities of such series to the holders of such Senior Indebtedness, do any one or more of the
following: (i) change the manner, place or terms of payment or extend the time of payment of, or
renew or alter, such Senior Indebtedness, or otherwise amend or supplement in any manner such
Senior Indebtedness or any instrument evidencing the same or any agreement under which such Senior
Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any property
pledged, mortgaged or otherwise securing such Senior Indebtedness; (iii) release any Person liable
in any manner for the collection of such Senior Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Company and any other Person.

* * * * *

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

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     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the day and year
first above written.

	 	 	 	 	 
	 	 	GATX CORPORATION
	 
	 	 	 	 
	 

	 	BY	 	 
	 

	 	 	 	 
	 

	 	Name:
	 

	 	Title:
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION, as Trustee
	 
	 	 	 	 
	 

	 	BY	 	 
	 

	 	 	 	 
	 

	 	Name:
	 

	 	Title:

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