Document:

ex4_2.htm

    
      

    

    Exhibit
4.2

     

    MERGE
HEALTHCARE INCORPORATED

     

    TO

     

    ____________________

     

    TRUSTEE

     

    INDENTURE

     

    Dated
as of ________, 200_

     

    Subordinated
Debt Securities

     

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    TABLE OF
CONTENTS

     

    Page

     

     

    
      	
              ARTICLE ONE 

            	 
      	
              DEFINITIONS
      AND OTHER PROVISIONS OF GENERAL APPLICATION

            	
              1

            
	 
      	 
      	 
      	 
      
	
              Section
      101.

            	 
      	
              Definitions

            	
              1

            
	
              Section
      102.

            	 
      	
              Compliance
      Certificates and Opinions

            	
              10

            
	
              Section
      103.

            	 
      	
              Form
      of Documents Delivered to Trustee

            	
              11

            
	
              Section
      104.

            	 
      	
              Acts
      of Holders

            	
              11

            
	
              Section
      105.

            	 
      	
              Notices,
      etc., to Trustee and Company

            	
              13

            
	
              Section
      106.

            	 
      	
              Notice
      to Holders; Waiver

            	
              13

            
	
              Section
      107.

            	 
      	
              Effect
      of Headings and Table of Contents

            	
              14

            
	
              Section
      108.

            	 
      	
              Successors
      and Assigns

            	
              14

            
	
              Section
      109.

            	 
      	
              Separability
      Clause

            	
              14

            
	
              Section
      110.

            	 
      	
              Benefits
      of Indenture

            	
              14

            
	
              Section
      111.

            	 
      	
              No
      Personal Liability

            	
              14

            
	
              Section
      112.

            	 
      	
              Governing
      Law

            	
              15

            
	
              Section
      113.

            	 
      	
              Legal
      Holidays

            	
              15

            
	 
      	 
      	 
      	 
      
	
              ARTICLE
      TWO

            	 
      	
              SECURITIES
      FORMS

            	
              15

            
	 
      	 
      	 
      	 
      
	
              Section
      201.

            	 
      	
              Forms
      of Securities

            	
              15

            
	
              Section
      202.

            	 
      	
              Form
      of Trustee’s Certificate of Authentication

            	
              16

            
	
              Section
      203.

            	 
      	
              Securities
      Issuable in Global Form

            	
              16

            
	 
      	 
      	 
      	 
      
	
              ARTICLE
      THREE

            	 
      	
              THE
      SECURITIES

            	
              17

            
	 
      	 
      	 
      	 
      
	
              Section
      301.

            	 
      	
              Amount
      Unlimited; Issuable in Series

            	
              17

            
	
              Section
      302.

            	 
      	
              Denominations

            	
              20

            
	
              Section
      303.

            	 
      	
              Execution,
      Authentication Delivery and Dating

            	
              20

            
	
              Section
      304.

            	 
      	
              Temporary
      Securities

            	
              22

            
	
              Section
      305.

            	 
      	
              Registration,
      Registration of Transfer and Exchange

            	
              25

            
	
              Section
      306.

            	 
      	
              Mutilated,
      Destroyed, Lost and Stolen Securities

            	
              28

            
	
              Section
      307.

            	 
      	
              Payment
      of Interest; Interest Rights Preserved

            	
              29

            
	
              Section
      308.

            	 
      	
              Persons
      Deemed Owners

            	
              31

            
	
              Section
      309.

            	 
      	
              Cancellation

            	
              31

            
	
              Section
      310.

            	 
      	
              Computation
      of Interest

            	
              32

            
	 
      	 
      	 
      	 
      
	
              ARTICLE
      FOUR

            	 
      	
              SATISFACTION
      AND DISCHARGE

            	
              32

            
	 
      	 
      	 
      	 
      
	
              Section
      401.

            	 
      	
              Satisfaction
      and Discharge of Indenture

            	
              32

            
	
              Section
      402.

            	 
      	
              Application
      of Company Funds

            	
              33

            
	 
      	 
      	 
      	 
      
	
              ARTICLE
      FIVE

            	 
      	
              REMEDIES

            	
              33

            
	 
      	 
      	 
      	 
      
	
              Section
      501.

            	 
      	
              Events
      of Default

            	
              33

            
	
              Section
      502.

            	 
      	
              Acceleration
      of Maturity; Rescission and Annulment

            	
              35

            
	
              Section
      503.

            	 
      	
              Collection
      of Indebtedness and Suits for Enforcement by Trustee

            	
              36

            
	
              Section
      504.

            	 
      	
              Trustee
      May File Proofs of Claim

            	
              36

            

    

    

      
        
           

        

        
          i

          
            

          

        

        
           

        

      

    

     

    TABLE OF
CONTENTS

    (Continued)

    Page

    
 

    
      	
              Section
      505.

            	 	
              Trustee
      May Enforce Claims Without Possession of Securities or
    Coupons

            	
              37

            
	
              Section
      506.

            	 	
              Application
      of Money Collected

            	
              37

            
	
              Section
      507.

            	 	
              Limitation
      on Suits

            	
              38

            
	
              Section
      508.

            	 	
              Unconditional
      Right of Holders to Receive Principal, Premium or Make-Whole Amount, if
      any, Interest and Additional Amounts

            	
              38

            
	
              Section
      509.

            	 	
              Restoration
      of Rights and Remedies

            	
              39

            
	
              Section
      510.

            	 	
              Rights
      and Remedies Cumulative

            	
              39

            
	
              Section
      511.

            	 	
              Delay
      or Omission Not Waiver

            	
              39

            
	
              Section
      512.

            	 	
              Control
      by Holders of Securities

            	
              39

            
	
              Section
      513.

            	 	
              Waiver
      of Past Defaults

            	
              40

            
	
              Section
      514.

            	 	
              Undertaking
      for Costs

            	
              40

            
	 
      	 	 
      	 
      
	
              ARTICLE
      SIX

            	 	
              THE
      TRUSTEE

            	
              40

            
	 
      	 	 
      	 
      
	
              Section
      601.

            	 	
              Notice
      of Defaults

            	
              40

            
	
              Section
      602.

            	 	
              Certain
      Rights of Trustee

            	
              41

            
	
              Section
      603.

            	 	
              Not
      Responsible for Recitals or Issuance of Securities

            	
              42

            
	
              Section
      604.

            	 	
              May
      Hold Securities

            	
              42

            
	
              Section
      605.

            	 	
              Money
      Held in Trust

            	
              42

            
	
              Section
      606.

            	 	
              Compensation
      and Reimbursement

            	
              42

            
	
              Section
      607.

            	 	
              Corporate
      Trustee Required; Eligibility; Conflicting Interests

            	
              43

            
	
              Section
      608.

            	 	
              Resignation
      and Removal; Appointment of Successor

            	
              43

            
	
              Section
      609.

            	 	
              Acceptance
      of Appointment By Successor

            	
              45

            
	
              Section
      610.

            	 	
              Merger,
      Conversion, Consolidation or Succession to Business

            	
              46

            
	
              Section
      611.

            	 	
              Appointment
      of Authenticating Agent

            	
              46

            
	 
      	 	 
      	 
      
	
              ARTICLE
      SEVEN

            	 	
              HOLDERS’
      LISTS AND REPORTS BY TRUSTEE AND COMPANY

            	
              48

            
	 
      	 	 
      	 
      
	
              Section
      701.

            	 	
              Disclosure
      of Names and Addresses of Holders

            	
              48

            
	
              Section
      702.

            	 	
              Reports
      by Trustee

            	
              48

            
	
              Section
      703.

            	 	
              Reports
      by the Company

            	
              48

            
	
              Section
      704.

            	 	
              Company
      to Furnish Trustee Names and Addresses of Holders

            	
              49

            
	 
      	 	 
      	 
      
	
              ARTICLE
      EIGHT

            	 	
              CONSOLIDATION,
      MERGER, SALE, LEASE OR CONVEYANCE

            	
              49

            
	 
      	 	 
      	 
      
	
              Section
      801.

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

            	
              49

            
	
              Section
      802.

            	 	
              Rights
      and Duties of Successor Corporation

            	
              49

            
	
              Section
      803.

            	 	
              Officers’
      Certificate and Opinion of Counsel

            	
              50

            
	 
      	 	 
      	 
      
	
              ARTICLE
      NINE

            	 	
              SUPPLEMENTAL
      INDENTURES

            	
              50

            
	 
      	 	 
      	 
      
	
              Section
      901.

            	 	
              Supplemental
      Indentures Without Consent of Holders

            	
              50

            
	
              Section
      902.

            	 	
              Supplemental
      Indentures With Consent of Holders

            	
              51

            
	
              Section
      903.

            	 	
              Execution
      of Supplemental Indentures

            	
              53

            

    

    
      
         

      

      
        ii

        
          

        

      

      
         

      

    

    TABLE OF
CONTENTS

    (Continued)

    Page

    
 

    
      	
              Section
      904.

            	 	
              Effect
      of Supplemental Indentures

            	
              53

            
	
              Section
      905.

            	 	
              Conformity
      with Trust Indenture Act

            	
              53

            
	
              Section
      906.

            	 	
              Reference
      in Securities to Supplemental Indentures

            	
              53

            
	
              Section
      907.

            	 	
              Notice
      of Supplemental Indentures

            	
              53

            
	 
      	 	 
      	 
      
	
              ARTICLE
      TEN

            	 	
              COVENANTS

            	
              53

            
	 
      	 	 
      	 
      
	
              Section
      1001.

            	 	
              Payment
      of Principal, Premium or Make-Whole Amount, if any, Interest and
      Additional Amounts

            	
              53

            
	
              Section
      1002.

            	 	
              Maintenance
      of Office or Agency

            	
              54

            
	
              Section
      1003.

            	 	
              Money
      for Securities Payments to Be Held in Trust

            	
              55

            
	
              Section
      1004.

            	 	
              Existence

            	
              57

            
	
              Section
      1005.

            	 	
              Maintenance
      of Properties

            	
              57

            
	
              Section
      1006.

            	 	
              Insurance

            	
              57

            
	
              Section
      1007.

            	 	
              Payment
      of Taxes and Other Claims

            	
              57

            
	
              Section
      1008.

            	 	
              Provision
      of Financial Information

            	
              58

            
	
              Section
      1009.

            	 	
              Statement
      as to Compliance

            	
              58

            
	
              Section
      1010.

            	 	
              Additional
      Amounts

            	
              58

            
	
              Section
      1011.

            	 	
              Waiver
      of Certain Covenants

            	
              59

            
	 
      	 	 
      	 
      
	
              ARTICLE
      ELEVEN

            	 	
              REDEMPTION
      OF SECURITIES

            	
              60

            
	 
      	 	 
      	 
      
	
              Section
      1101.

            	 	
              Applicability
      of Article

            	
              60

            
	
              Section
      1102.

            	 	
              Election
      to Redeem; Notice to Trustee

            	
              60

            
	
              Section
      1103.

            	 	
              Selection
      by Trustee of Securities to Be Redeemed

            	
              60

            
	
              Section
      1104.

            	 	
              Notice
      of Redemption

            	
              61

            
	
              Section
      1105.

            	 	
              Deposit
      of Redemption Price

            	
              62

            
	
              Section
      1106.

            	 	
              Securities
      Payable on Redemption Date

            	
              62

            
	
              Section
      1107.

            	 	
              Securities
      Redeemed in Part

            	
              63

            
	 
      	 	 
      	 
      
	
              ARTICLE
      TWELVE

            	 	
              SINKING
      FUNDS

            	
              63

            
	 
      	 	 
      	 
      
	
              Section
      1201.

            	 	
              Applicability
      of Article

            	
              63

            
	
              Section
      1202.

            	 	
              Satisfaction
      of Sinking Fund Payments with Securities

            	
              63

            
	
              Section
      1203.

            	 	
              Redemption
      of Securities for Sinking Fund

            	
              64

            
	 
      	 	 
      	 
      
	
              ARTICLE
      THIRTEEN

            	 	
              REPAYMENT
      AT THE OPTION OF HOLDERS

            	
              64

            
	 
      	 	 
      	 
      
	
              Section
      1301.

            	 	
              Applicability
      of Article

            	
              64

            
	
              Section
      1302.

            	 	
              Repayment
      of Securities

            	
              64

            
	
              Section
      1303.

            	 	
              Exercise
      of Option

            	
              65

            
	
              Section
      1304.

            	 	
              When
      Securities Presented for Repayment Become Due and Payable

            	
              65

            
	
              Section
      1305.

            	 	
              Securities
      Repaid in Part

            	
              66

            
	 
      	 	 
      	 
      
	
              ARTICLE
      FOURTEEN

            	 	
              DEFEASANCE
      AND COVENANT DEFEASANCE

            	
              66

            
	 
      	 	 
      	 
      
	
              Section
      1401.

            	 	
              Applicability
      of Article; Company’s Option to Effect Defeasance or Covenant
      Defeasance

            	
              66

            
	
              Section
      1402.

            	 	
              Defeasance
      and Discharge

            	
              67

            

    

    
      
         

      

      
        iii

        
          

        

      

      
         

      

    

    TABLE OF
CONTENTS

    (Continued)

    Page

    
 

    
      	
              Section
      1403.

            	 	
              Covenant
      Defeasance

            	
              67

            
	
              Section
      1404.

            	 	
              Conditions
      to Defeasance or Covenant Defeasance

            	
              68

            
	
              Section
      1405.

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

            	
              69

            
	 
      	 	 
      	 
      
	
              ARTICLE
      FIFTEEN

            	 	
              MEETINGS
      OF HOLDERS OF SECURITIES

            	
              70

            
	 
      	 	 
      	 
      
	
              Section
      1501.

            	 	
              Purposes
      for Which Meetings May Be Called

            	
              70

            
	
              Section
      1502.

            	 	
              Call,
      Notice and Place of Meetings

            	
              71

            
	
              Section
      1503.

            	 	
              Persons
      Entitled to Vote at Meetings

            	
              71

            
	
              Section
      1504.

            	 	
              Quorum;
      Action

            	
              71

            
	
              Section
      1505.

            	 	
              Determination
      of Voting Rights; Conduct and Adjournment of Meetings

            	
              72

            
	
              Section
      1506.

            	 	
              Counting
      Votes and Recording Action of Meetings

            	
              73

            
	
              Section
      1507.

            	 	
              Evidence
      of Action Taken by Holders

            	
              73

            
	
              Section
      1508.

            	 	
              Proof
      of Execution of Instruments

            	
              74

            
	 
      	 	 
      	 
      
	
              ARTICLE
      SIXTEEN

            	 	
              SUBORDINATION

            	
              74

            
	 
      	 	 
      	 
      
	
              Section
      1601.

            	 	
              Agreement
      to Subordinate

            	
              74

            
	
              Section
      1602.

            	 	
              Liquidation;
      Dissolution; Bankruptcy

            	
              74

            
	
              Section
      1603.

            	 	
              Default
      on Senior Debt

            	
              75

            
	
              Section
      1604.

            	 	
              Acceleration
      of Securities

            	
              75

            
	
              Section
      1605.

            	 	
              When
      Distribution Must Be Paid Over

            	
              75

            
	
              Section
      1606.

            	 	
              Notice
      by the Company

            	
              75

            
	
              Section
      1607.

            	 	
              Subrogation

            	
              75

            
	
              Section
      1608.

            	 	
              Relative
      Rights

            	
              76

            
	
              Section
      1609.

            	 	
              Subordination
      May Not Be Impaired by the Company

            	
              76

            
	
              Section
      1610.

            	 	
              Distribution
      or Notice to Representative

            	
              76

            
	
              Section
      1611.

            	 	
              Rights
      of Trustee and Paying Agent

            	
              76

            

    

    

    TESTIMONIUM

    

    SIGNATURES
AND SEALS

    

    ACKNOWLEDGMENTS

    

    EXHIBIT A
-- FORMS OF CERTIFICATION

    
      
         

      

      
        iv

        
          

        

      

      
         

      

    

    MERGE
HEALTHCARE INCORPORATED

     

    Reconciliation
and tie between Company Indenture Act of 1939, as amended (the “1939 Act”), and
Indenture, dated as of _________, ____

     

    
      	
              Company
      Indenture Act Section

            	
              Indenture
      Section

            
	
              Section
      310

            	
              (a)(1)

            	
              607(a)

            
	 
      	
              (a)(2)

            	
              607(a)

            
	 
      	
              (b)

            	
              607(b),
      608

            
	
              Section
      312

            	
              (c)

            	
              701

            
	
              Section
      314

            	
              (a)

            	
              703

            
	 
      	
              (a)(4)

            	
              1011

            
	 
      	
              (c)(1)

            	
              102

            
	 
      	
              (c)(2)

            	
              102

            
	 
      	
              (e)

            	
              102

            
	
              Section
      315

            	
              (b)

            	
              601

            
	
              Section
      316

            	
              (a)
      (last sentence)

            	
              101
      (“Outstanding”)

            
	 
      	
              (a)(1)(A)

            	
              502,
      512

            
	 
      	
              (a)(1)(B)

            	
              513

            
	 
      	
              (b)

            	
              508

            
	
              Section
      317

            	
              (a)(1)

            	
              503

            
	 
      	
              (a)(2)

            	
              504

            
	
              Section
      318

            	
              (a)

            	
              112

            
	 
      	
              (c)

            	
              112

            
	 
      	 
      	 
      

    

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

     

    Attention
should also be directed to Section 318(c) of the 1939 Act, which provides that
the provisions of Sections 310 to and including 317 of the 1939 Act are a part
of and govern every qualified indenture, whether or not physically contained
therein.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    INDENTURE,
dated as of _____________, 200_, between MERGE HEALTHCARE INCORPORATED, a
Delaware corporation (hereinafter called the “Company”), having its principal
office at Merge Healthcare Incorporated, ______________________, and
_____________________________, a ______ banking corporation, as Trustee
hereunder hereinafter called the “Trustee”), having its Corporate Trust Office
at _______________________________________________.

    

    RECITALS
OF THE COMPANY

    

    The
Company deems it necessary to issue from time to time for its lawful purposes
subordinated debt securities (hereinafter called the “Securities”) evidencing
its unsecured subordinated indebtedness, and has duly authorized the execution
and delivery of this Indenture to provide for the issuance from time to time of
the Securities, unlimited as to aggregate principal amount, to bear interest at
the rates or formulas, to mature at such times and to have such other provisions
as shall be fixed therefor as hereinafter provided.

    

    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, as follows:

    

    ARTICLE
ONE

    DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION

    

    Section
101.    Definitions.

    

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

    

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

    

    (2)           all
other terms used herein which are defined in the TIA, either directly or by
reference therein, have the meanings assigned to them therein, and the terms
“cash transaction” and “self-liquidating paper,” as used in TIA Section 311,
shall have the meanings assigned to them in the rules of the Commission adopted
under the TIA;

    

    (3)           all
accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with GAAP; and

    

    (4)           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 Three, Article Five, Article Six and Article
Ten, are defined in those Articles. In addition, the following terms shall have
the indicated respective meanings:

    

    “Act” has
the meaning specified in Section 104.

    

    “Additional
Amounts” means any additional amounts which are required by a Security, 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 meanings correlative to the
foregoing.

    

    “Authenticating
Agent” means any authenticating agent appointed by the Trustee pursuant to
Section 611.

    

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

    

    “Bankruptcy
Law” has the meaning specified in Section 501.

    

    “Bearer
Security” means a Security which is payable to bearer.

    

    “Board of
Directors” means the Board of Directors of the Company, the executive committee
or any other committee of that board duly authorized to act for it in respect
hereof.

    

    “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,” when used with respect to any Place of Payment or any other particular
location referred to in this Indenture or in the Securities, means, unless
otherwise specified with respect to any Securities pursuant to Section 301, any
day, other than a Saturday or Sunday, that is neither a legal holiday nor a day
on which banking institutions in that Place of Payment or particular location
are authorized or required by law, regulation or executive order to
close.

    

    “Capital
Stock” means, with respect to any Person, any capital stock (including preferred
stock), shares, interests, participations or other ownership interests (however
designated) of such Person and any rights (other than debt securities
convertible or exchangeable for corporate stock), warrants or options to
purchase any thereof.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    “CLEARSTREAM”
means Clearstream Banking, S.A., or its successor.

    

    “Commission”
means the Securities and Exchange Commission, as from time to time constituted,
created under the Exchange Act, or, if at any time after 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 on such date.

    

    “Company”
means the Person named as the “Company” in the first paragraph of this Indenture
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 Chief Executive Officer, President or a
Vice President of the Company, and by the Treasurer, an Assistant Treasurer, the
Secretary or an Assistant Secretary of the Company, and delivered to the
Trustee.

    

    “Conversion
Event” means the cessation of use of (i) a Foreign Currency (other than the ECU
or other currency unit) both by the government of the country which issued such
currency and for the settlement of transactions by a central bank or other
public institutions of or within the international banking community, (ii) the
ECU both within the European Monetary System and for the settlement of
transactions by public institutions of or within the European Communities or
(iii) any currency unit (or composite currency) other than the ECU for the
purposes for which it was established.

    

    “Corporate
Trust Office” means the office of the Trustee at which, at any particular time,
its corporate trust business shall be principally administered, at which the
principal of (and Make-Whole Amount, if any), interest, if any, on, and
Additional Amounts, if any, payable in respect of, Securities of or within a
series shall be payable and any Registered Securities of or within such series
may be surrendered for registration of transfer or exchange, and at which
notices or demands to or upon the Company in respect of the Securities of or
within a series and this Indenture may be served, which office at the date
hereof is located at
______________________________________________.

    

    “Corporation”
includes corporations, associations, companies and business trusts.

    

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

    

    “Custodian”
has the meaning set forth in Section 501.

    

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

    

    “Disqualified
Stock” means, with respect to any Person, any Capital Stock of such Person which
by the terms of such Capital Stock (or by the terms of any security into which
it is convertible or for which it is exchangeable or exercisable), upon the
happening of any event or otherwise (i) matures or is mandatorily redeemable,
pursuant to a sinking fund obligation or otherwise, (ii) is convertible into or
exchangeable or exercisable for or Disqualified Stock or (iii) is redeemable at
the option of the holder thereof, in whole or in part, in each case on or prior
to the Stated Maturity of the series of debt Securities.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

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

    

    “DTC”
means The Depository Trust Company.

    

    “ECU”
means the European Currency Unit as defined and revised from time to time by the
Council of the European Communities.

    

    “Euroclear”
means Euroclear Bank S.A./N.V., or its successor as operator of the Euroclear
System.

    

    “European
Communities” means the European Economic Community, the European Coal and Steel
Community and the European Atomic Energy Community.

    

    “European
Monetary System” means the European Monetary System established by the
Resolution of December 5, 1978 of the Council of the European
Communities.

    

    “Event of
Default” has the meaning specified in Article Five.

    

    “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder by the Commission.

    

    “Foreign
Currency” means any currency, currency unit or composite currency, including,
without limitation, the ECU, issued by the government of one or more countries
other than the United States of America or by any recognized confederation or
association of such governments.

    

    “GAAP”
means generally accepted accounting principles as used in the United States
applied on a consistent basis as in effect from time to time; provided, that
solely for purposes of any calculation required by the financial covenants
contained herein, “GAAP” shall mean generally accepted accounting principles as
used in the United States from time to time, applied on a consistent
basis.

    

    “Government
Obligations” means securities which are (i) direct obligations of the United
States of America or the government which issued the Foreign Currency in which
the Securities of a particular series are payable, for the payment of which its
full faith and credit is pledged or (ii) obligations of a Person controlled or
supervised by and acting as an agency or instrumentality of the United States of
America or such government which issued the Foreign Currency in which the
Securities of such series are payable, the payment of which is unconditionally
guaranteed as a full faith and credit obligation by the United States of America
or such other government, which, in either case, are not callable or redeemable
at the option of the issuer thereof, and shall also include a depository receipt
issued by a bank or trust company as custodian with respect to any such
Government Obligation or a specific payment of interest on or principal of any
such Government Obligation held by such custodian for the account of the holder
of a depository receipt, provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the
holder of such depository receipt from any amount received by the custodian in
respect of the Government Obligation or the specific payment of interest on or
principal of the Government Obligation evidenced by such depository
receipt.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

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

    

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

    

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

    

    “Interest”
when used with respect to an Original Issue Discount Security which by its terms
bears interest only after Maturity, shall mean interest payable after Maturity,
and, when used with respect to a Security which provides for the payment of
Additional Amounts pursuant to Section 1010, includes such Additional
Amounts.

    

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

    

    “Make-Whole
Amount” means the amount, if any, in addition to principal which is required by
a Security, under the terms and conditions specified therein or as otherwise
specified as contemplated by Section 301, to be paid by the Company to the
Holder thereof in connection with any optional redemption or accelerated payment
of such Security.

    

    “Maturity”
means, when used with respect to any Security, 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, notice of option to elect repayment,
repurchase or otherwise.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    “Officers’
Certificate” means a certificate signed by the Chief Executive Officer,
President or a Vice President and by the Treasurer, an Assistant Treasurer, the
Secretary of an Assistant Secretary, of the Company, and delivered to the
Trustee.

    

    “Opinion
of Counsel” means a written opinion of counsel, who may be an employee of or
counsel for the Company or other counsel satisfactory to the
Trustee.

    

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

    

    “Outstanding,”
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,
      or portions thereof, for whose payment or redemption or repayment, at the
      option of the Holder, money in the necessary amount has been theretofore
      deposited with the Trustee or any Paying Agent (other than the Company) 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 and
      any coupons appertaining thereto; provided that, if such Securities are to
      be redeemed, notice of such redemption has been duly given pursuant to
      this Indenture or other provision therefor satisfactory to the Trustee has
      been made;

            

    

    

    
      	
              (iii)

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

            

    

    

    
      	
              (iv)

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

            

    

    

    
      	
              (v)

            	
              Securities
      converted into Capital Stock of the Company pursuant to or in accordance
      with this Indenture if the terms of such Securities provide for
      convertibility pursuant to Section
301;

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

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

    

    “Paying
Agent” means any Person authorized by the Company to pay the principal of (and
premium or Make-Whole Amount, if any) or interest on any Securities or coupons
on behalf of the Company, or if no such Person is authorized, the
Company.

    

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

    

    “Place of
Payment” means, when used with respect to the Securities of or within any
series, the place or places where the principal of (and premium or Make-Whole
Amount, if any) and interest on such Securities are payable as specified as
contemplated by Sections 301 and 1002.

    

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

    

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

    

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

    

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

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    “Regular
Record Date” for the installment of interest payable on any Interest Payment
Date on the Registered Securities of or within any series means the date
specified for that purpose as contemplated by Section 301, whether or not a
Business Day.

    

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

    

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

    

    “Representative”
means the indenture trustee or other trustee, agent or representative for an
issue of Senior Debt.

    

    “Responsible
Officer” means, when used with respect to the Trustee, any officer of the
Trustee assigned by the Trustee to administer its corporate trust
matters.

    

    “Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder by the Commission.

    

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

    

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

    

    “Senior
Debt” means the principal of and interest on, or substantially similar payments
to be made by the Company in respect of, the following, whether outstanding at
the date of execution of this Indenture or thereafter incurred, created or
assumed: (a) indebtedness of the Company for money borrowed or represented by
purchase-money obligations, (b) indebtedness of the Company evidenced by notes,
debentures, or bonds, or other securities issued under the provisions of an
indenture, fiscal agency agreement or other instrument, (c) obligations of the
Company as lessee under leases of property either made as part of any sale and
lease-back transaction to which the Company is a party or otherwise, (d)
indebtedness of partnerships and joint ventures which is included in the
Company’s consolidated financial statements, (e) indebtedness, obligations and
liabilities of others in respect of which the Company is liable contingently or
otherwise to pay or advance money or property or as guarantor, endorser or
otherwise or which the Company has agreed to purchase or otherwise acquire, and
(f) any binding commitment of the Company to fund any real estate investment or
to fund any investment in any entity making such real estate investment; but
excluding, however, (1) any such indebtedness, obligation or liability referred
to in clauses (a) through (f) above as to which, in the instrument creating or
evidencing the same or pursuant to which the same is outstanding, it is provided
that such indebtedness, obligation or liability is not superior in right of
payment to the Securities, or ranks pari passu with the Securities, (2) any such
indebtedness, obligation or liability which is subordinated to indebtedness of
the Company to substantially the same extent as or to a greater extent than the
Securities are subordinated and (3) the Securities. As used in the preceding
sentence the term “purchase-money obligations” shall mean indebtedness or
obligations evidenced by a note, debenture, bond or other instrument (whether or
not secured by any lien or other security interest but excluding indebtedness or
obligations for which recourse is limited to the property purchased) issued or
assumed as all or a part of the consideration for the acquisition of property,
whether by purchase, merger, consolidation or otherwise, but shall not include
any trade accounts payable. A distribution may consist of cash, securities or
other property.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    “Significant
Subsidiary” means any Subsidiary which is a “significant subsidiary” (within the
meaning of Regulation S-X, promulgated under the Securities Act) of the
Company.

    

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

    

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

    

    “Subsidiary”
means, with respect to any Person, any corporation or other entity of which a
majority of (a) the voting power of the voting equity securities or (b) the
outstanding equity interests of which are owned, directly or indirectly, by such
Person. For the purposes of this definition, “voting equity securities” means
equity securities having voting power for the election of directors, whether at
all times or only so long as no senior class of security has such voting power
by reason of any contingency.

    

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

    

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

    

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

    

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

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

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

    

    
      	
              Section
    102.

            	
              Compliance Certificates and
      Opinions.

            

    

    

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

    

    Every
certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture (excluding certificates delivered pursuant to
Section 1010) shall include:

    

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

    

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

    

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

    

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

    

    
      	
              Section
    103.

            	
              Form of Documents Delivered to
      Trustee.

            

    

    

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

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

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

    

    
      	
              Section
    104.

            	
              Acts of
      Holders.

            

    

    

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

    

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

    

    (3)           The
ownership of Registered Securities shall be proved by the Security
Register.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

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

    

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

    

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

    

    Section
105.     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,

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (1)           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 Operations,
or

    

    (2)           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 it at the address of
its principal office specified in the first paragraph of this Indenture or at
any other address previously furnished in writing to the Trustee by the
Company.

    

    Section
106.     Notice to Holders;
Waiver.

    

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

    

    If by
reason of the suspension of or irregularities in regular mail service or by
reason of any other cause it shall be impracticable to give such notice by mail,
then such notification to Holders of Registered Securities as shall be made with
the approval of the Trustee shall constitute a sufficient notification to such
Holders for every purpose hereunder.

    

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

    

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

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

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

    

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

    

    Section 107.    
Effect of Headings and
Table of Contents.

    

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

    

    Section
108.     Successors and
Assigns.

    

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

    

    Section
109.     Separability
Clause.

    

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

    

    Section
110.     Benefits of
Indenture.

    

    Nothing
in this Indenture or in the Securities or coupons appertaining thereto, 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 any benefit or any legal or equitable
right, remedy or claim under this Indenture.

    

    Section
111.     No Personal
Liability.

    

    No
recourse under or upon any obligation, covenant or agreement contained in this
Indenture, in any Security or coupon appertaining thereto, or because of any
indebtedness evidenced thereby, shall be had against any promoter, as such, or
against any past, present or future shareholder, officer or director, as such,
of the Company or of any successor, either directly or through the Company or
any successor, under any rule of law, statute or constitutional provision or by
the enforcement of any assessment or by any legal or equitable proceeding or
otherwise, all such liability being expressly waived and released by the
acceptance of the Securities by the Holders thereof and as part of the
consideration for the issue of the Securities.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    Section
112.     Governing Law.

    

    This
Indenture and the Securities and coupons shall be governed by and construed in
accordance with the law of the State of New York. This Indenture is subject to
the provisions of the TIA that are required to be part of this Indenture and
shall, to the extent applicable, be governed by such provisions.

    

    Section
113.     Legal Holidays.

    

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

    

    ARTICLE
TWO

    SECURITIES
FORMS

    

    Section
201.     Forms of
Securities.

    

    The
Registered Securities, if any, of each series and the Bearer Securities, if any,
and related coupons of each series, shall be in substantially the forms as shall
be established in or pursuant to one or more indentures supplemental hereto or
Board Resolutions, shall have such 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 or designation and such legends or
endorsements placed thereon as the Company may deem appropriate and as are not
inconsistent with the provisions of this Indenture, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto or with
any rule or regulation of any stock exchange on which the Securities may be
listed, or to conform to usage.

    

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

    

    The
definitive Securities and coupons 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 executing such Securities or coupons, as evidenced by their
execution of such Securities or coupons.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    Section
202.     Form of Trustee’s Certificate of
Authentication.

    

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

    

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

    

    
      	 
      	
              ,
      as Trustee

            

    

    

    
      	
              By

            	 
      

    

    Authorized
Signatory

    

    Section
203.                      Securities Issuable in Global
Form.

    

    If
Securities of or within a series are issuable in global form, as specified as
contemplated by Section 301, then, notwithstanding clause (8) of Section 301 and
the provisions of Section 302, any such Security shall represent such of the
Outstanding Securities of such series as shall be specified therein and may
provide that it shall represent the aggregate amount of Outstanding Securities
of such series from time to time endorsed thereon and that the aggregate amount
of Outstanding Securities of such series represented thereby may from time to
time be increased or decreased to reflect exchanges. Any endorsement of a
Security in global form to reflect the amount, or any increase or decrease in
the amount, of Outstanding Securities represented thereby shall be made by the
Trustee in such manner and upon instructions given by such Person or Persons as
shall be specified therein or in the Company Order to be delivered to the
Trustee pursuant to Section 303 or 304. Subject to the provisions of Section 303
and, if applicable, Section 304, the Trustee shall deliver and redeliver any
Security in permanent global form in the manner and upon instructions given by
the Person or Persons specified therein or in the applicable Company Order. If a
Company Order pursuant to Section 303 or 304 has been, or simultaneously is,
delivered, any instructions by the Company with respect to endorsement or
delivery or redelivery of a Security in global form shall be in writing but need
not comply with Section 102 and need not be accompanied by an Opinion of
Counsel.

    

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

    

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

    

    Notwithstanding
the provisions of Section 308 and except as provided in the preceding paragraph,
the Company, the Trustee and any agent of the Company and the Trustee shall
treat as the Holder of such principal amount of Outstanding Securities
represented by a permanent global Security (i) in the case of a permanent global
Security in registered form, the Holder of such permanent global Security in
registered form, or (ii) in the case of a permanent global Security in bearer
form, Euroclear or CLEARSTREAM.

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    ARTICLE
THREE

    THE
SECURITIES

    

    Section
301.     Amount Unlimited; Issuable in
Series.

    

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

    

    The
Securities may be issued in one or more series. There shall be established in or
pursuant to one or more Board Resolutions, or indentures supplemental hereto,
prior to the issuance of Securities of any series, any or all of the following,
as applicable (each of which (except for the matters set forth in clauses (1),
(2) and (15) below), if so provided, may be determined from time to time by the
Company with respect to unissued Securities of or within the series when issued
from time to time):

    

    (1)           the
title of the Securities of or within the series (which shall distinguish the
Securities of such series from all other series of Securities);

    

    (2)           any
limit upon the aggregate principal amount of the Securities of or within the
series that may be authenticated and delivered under this Indenture (except for
Securities authenticated and delivered upon registration of transfer of, or in
exchange for, or in lieu of, other Securities of or within the series pursuant
to Section 304, 305, 306, 906, 1107 or 1305);

    

    (3)           the
date or dates, or the method by which such date or dates will be determined, on
which the principal of the Securities of or within the series shall be payable
and the amount of principal payable thereon;

    

    (4)           the
rate or rates at which the Securities of or within the series shall bear
interest, if any, or the method by which such rate or rates shall be determined,
the date or dates from which such interest shall accrue or the method by which
such date or dates shall be determined, the Interest Payment Dates on which such
interest will be payable and the Regular Record Date, if any, for the interest
payable on any Registered Security on any Interest Payment Date, or the method
by which such date shall be determined, and the basis upon which interest shall
be calculated if other than that of a 360-day year consisting of twelve 30-day
months;

    

    (5)           the
place or places where the principal of (and premium or Make-Whole Amount, if
any), interest, if any, on, and Additional Amounts, if any, payable in respect
of, Securities of or within the series shall be payable, any Registered
Securities of or within the series may be surrendered for registration of
transfer or exchange and notices or demands to or upon the Company in respect of
the Securities of or within the series and this Indenture may be
served;

    

    (6)           the
period or periods within which, the price or prices (including the premium or
Make-Whole Amount, if any) at which, the currency or currencies, currency unit
or units or composite currency or currencies in which and other terms and
conditions upon which Securities of or within the series may be redeemed in
whole or in part, at the option of the Company, if the Company is to have the
option;

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

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

    

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

    

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

    

    (10)         if
other than the principal amount thereof, the portion of the principal amount of
Securities of or within the series that shall be payable upon declaration of
acceleration of the maturity thereof pursuant to Section 502, or the method by
which such portion shall be determined;

    

    (11)         if
other than Dollars, the Foreign Currency or Currencies in which payment of the
principal of (and premium or Make-Whole Amount, if any) or interest or
Additional Amounts, if any, on the Securities of or within the series shall be
payable or in which the Securities of or within the series shall be
denominated;

    

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

    

    (13)         whether
the principal of (and premium or Make-Whole Amount, if any) or interest or
Additional Amounts, if any, on the Securities of or within the series are to be
payable, at the election of the Company or a Holder thereof, in a currency or
currencies, currency unit or units or composite currency or currencies other
than that in which such Securities are denominated or stated to be payable, the
period or periods within which, and the terms and conditions upon which, such
election may be made, and the time and manner of, and identity of the exchange
rate agent with responsibility for, determining the exchange rate between the
currency or currencies, currency unit or units or composite currency or
currencies in which such Securities are denominated or stated to be payable and
the currency or currencies, currency unit or units or composite currency or
currencies in which such Securities are to be so payable;

    

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

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

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

    

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

    

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

    

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

    

    (19)         the
applicability, if any, of Sections 1402 and/or 1403 to the Securities of or
within the series and any provisions in modification of, in addition to or in
lieu of any of the provisions of Article Fourteen;

    

    (20)         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/or terms of such certificates, documents or
conditions;

    

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

    

    (22)         whether
and under what circumstances the Company will pay Additional Amounts as
contemplated by Section 1010 on the Securities of or within the series to any
Holder who is not a United States person (including any modification to the
definition of such term) in respect of any tax, assessment or governmental
charge and, if so, whether the Company will have the option to redeem such
Securities rather than pay such Additional Amounts (and the terms of any such
option);

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    (23)         the
obligation, if any, of the Company to permit the conversion of the Securities of
such series into shares of Capital Stock of the Company and the terms and
conditions upon which such conversion shall be effected (including, without
limitation, the initial conversion price or rate, the conversion period, any
adjustment of the applicable conversion price or rate and any requirements
relative to the reservation of such shares for purposes of conversion);
and

    

    (24)         any
other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture).

    

    All
Securities of any one series and the coupons appertaining to any Bearer
Securities of such series, if any, shall be substantially identical except, in
the case of Registered or Bearer Securities issued in global form, as to
denomination and except as may otherwise be provided in or pursuant to such
Board Resolution 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, without the consent of the Holders, for
issuances of additional Securities of such series.

    

    If any of
the terms of the Securities of any series are established by action taken
pursuant to one or more Board Resolutions or supplemental indentures, a copy of
an appropriate record of such action(s) 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 for authentication and delivery of such
Securities.

    

    Section
302.     Denominations.

    

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

    

    Section
303.     Execution, Authentication Delivery
and Dating.

    

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

    

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

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    At any
time and from time to time after the execution and delivery of this Indenture,
the Company may deliver Securities of any series, together with any coupon
appertaining thereto, executed by the Company to the Trustee for authentication,
together with a Company Order for the authentication and delivery of such
Securities, and the Trustee in accordance with the Company Order shall
authenticate and deliver such Securities; provided, however, that, in connection
with its original issuance, no Bearer Security shall be mailed or otherwise
delivered to any location in the United States; and provided further that,
unless otherwise specified with respect to any series of Securities pursuant to
Section 301 a Bearer Security may be delivered in connection with its original
issuance only if the Person entitled to receive such Bearer Security shall have
furnished a certificate to Euroclear or CLEARSTREAM, as the case may be, in the
form set forth in Exhibit A-1 to this Indenture or such other certificate as may
be specified with respect to any series of Securities pursuant to Section 301,
dated no earlier than 15 days prior to the earlier of the date on which such
Bearer Security is delivered and the date on which any temporary Security first
becomes exchangeable for such Bearer Security in accordance with the terms of
such temporary Security and this Indenture. Except as permitted by Section 306,
the Trustee shall not authenticate and deliver any Bearer Security unless all
appurtenant coupons for interest then matured have been detached and
cancelled.

    

    If all of
the Securities of any series are not to be issued at one time and if the Board
Resolution or supplemental indenture establishing such series shall so permit,
such Company Order may set forth procedures acceptable to the Trustee for the
issuance of such Securities and determining the terms of particular Securities
of such series, such as interest rate or formula, maturity date, date of
issuance and date from which interest shall accrue. In authenticating such
Securities, and accepting the additional responsibilities under this Indenture
in relation to such Securities, the Trustee shall be entitled to receive, and
(subject to TIA Section 315(a) through 315(d)) shall be fully protected in
relying upon:

    

    (1)           an
Opinion of Counsel complying with Section 102 and stating that:

    

    
      	
              (i)

            	
              the
      form or forms of such Securities and any coupons have been, or will have
      been upon compliance with such procedures as may be specified therein,
      established in conformity with the provisions of this
      Indenture;

            

    

    

    
      	
              (ii)

            	
              the
      terms of such Securities and any coupons have been, or will have been upon
      compliance with such procedures as may be specified therein, established
      in conformity with the provisions of this Indenture;
  and

            

    

    

    
      	
              (iii)

            	
              such
      Securities, together with any coupons appertaining thereto, when completed
      pursuant to such procedures as may be specified therein, and executed and
      delivered by the Company to the Trustee for authentication in accordance
      with this Indenture, authenticated and delivered by the Trustee in
      accordance with this Indenture and issued by the Company in the manner and
      subject to any conditions specified in such Opinion of Counsel, will
      constitute valid and binding obligations of the Company, enforceable in
      accordance with their terms, subject to applicable bankruptcy, insolvency,
      reorganization and other similar laws of general applicability relating to
      or affecting the enforcement of creditors’ rights generally and to general
      equitable principles and to such other matters as may be specified
      therein; and

            

    

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    (2)           an
Officers’ Certificate complying with Section 102 and stating that all conditions
precedent provided for in this Indenture relating to the issuance of such
Securities have been, or will have been upon compliance with such procedures as
may be specified therein, complied with and that, to the best of the knowledge
of the signers of such certificate, no Event of Default with respect to such
Securities shall have occurred and be continuing.

    

    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, obligations or immunities under the Securities and this Indenture or
otherwise in a manner which is not reasonably acceptable to the
Trustee.

    

    Notwithstanding
the provisions of Section 301 and of the preceding paragraph, if all the
Securities of any series are not to be issued at one time, it shall not be
necessary to deliver a Company Order, an Opinion of Counsel or an Officers’
Certificate otherwise required pursuant to the preceding paragraph at the time
of issuance of each Security of such series, but such order, opinion and
certificate, with appropriate modifications to cover such future issuances,
shall be delivered at or before the time of issuance of the first Security of
such series.

    

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

    

    No
Security or coupon appertaining thereto shall be entitled to any benefit under
this Indenture or be valid or obligatory for any purpose unless there appears on
such Security or the Security to which such coupon appertains a certificate of
authentication substantially in the form provided for herein duly executed by
the Trustee by manual signature of an authorized officer, and such certificate
upon any Security shall be conclusive evidence, and the only evidence, that such
Security has been duly authenticated and delivered hereunder and is entitled to
the benefits of this Indenture. Notwithstanding the foregoing, if any Security
shall have been authenticated and delivered hereunder but never issued and sold
by the Company, and the Company shall deliver such Security to the Trustee for
cancellation as provided in Section 309 together with a written statement (which
need not comply with Section 102 and need not be accompanied by an Opinion of
Counsel) stating that such Security has never been issued or sold by the
Company, for all purposes of this Indenture such Security shall be deemed never
to have been authenticated and delivered hereunder and shall never be entitled
to the benefits of this Indenture.

    

    Section
304.    Temporary
Securities.

    

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

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    Except in
the case of temporary Securities in global form (which shall be exchanged in
accordance with Section 304(2) or as otherwise provided in or pursuant to a
Board Resolution), if temporary Securities of any series are issued, the Company
will cause definitive Securities of that series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such
series, the temporary Securities of such series shall be exchangeable for
definitive Securities of such series upon surrender of the temporary Securities
of such series at the office or agency of the Company in a Place of Payment for
that series, without charge to the Holder. Upon surrender for cancellation of
any one or more temporary Securities of any series (accompanied by any
non-matured coupons appertaining thereto), the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a like principal
amount of definitive Securities of the same series of authorized denominations;
provided, however, that no definitive Bearer Security shall be delivered in
exchange for a temporary Registered Security; and provided further that a
definitive Bearer Security shall be delivered in exchange for a temporary Bearer
Security only in compliance with the conditions set forth in Section 303. Until
so exchanged, the temporary Securities of any series shall in all respects be
entitled to the same benefits under this Indenture as definitive Securities of
such series.

    

    (2)           Unless
otherwise provided as contemplated in Section 301, this Section 304(2)
shall govern the exchange of temporary Securities issued in global form other
than through the facilities of DTC. If any such temporary Security is issued in
global form, then such temporary global Security shall, unless otherwise
provided therein, be delivered to the London office of a depositary or common
depositary (the “Common Depositary”), for the benefit of Euroclear and
CLEARSTREAM.

    

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

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    Unless
otherwise specified in such temporary global Security, the interest of a
beneficial owner of Securities of a series in a temporary global Security shall
be exchanged for definitive Securities of the same series and of like tenor
following the Exchange Date when the account holder instructs Euroclear or
CLEARSTREAM, as the case may be, to request such exchange on his behalf and
delivers to Euroclear or CLEARSTREAM, as the case may be, a certificate in the
form set forth in Exhibit A-1 to this Indenture (or in such other form as may be
established pursuant to Section 301), dated no earlier than 15 days prior to the
Exchange Date, copies of which certificate shall be available from the offices
of Euroclear and CLEARSTREAM, the Trustee, any Authenticating Agent appointed
for such series of Securities and each Paying Agent. Unless otherwise specified
in such temporary global Security, any such exchange shall be made free of
charge to the beneficial owners of such temporary global Security, except that a
Person receiving definitive Securities must bear the cost of insurance, postage,
transportation and the like unless such Person takes delivery of such definitive
Securities in person at the offices of Euroclear or CLEARSTREAM. Definitive
Securities in bearer form to be delivered in exchange for any portion of a
temporary global Security shall be delivered only outside the United
States.

    

    Until
exchanged in full as hereinabove provided, the temporary Securities of any
series shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities of the same series and of like tenor
authenticated and delivered hereunder, except that, unless otherwise specified
as contemplated by Section 301, interest payable on a temporary global Security
on an Interest Payment Date for Securities of such series occurring prior to the
applicable Exchange Date shall be payable to Euroclear and CLEARSTREAM on such
Interest Payment Date upon delivery by Euroclear and CLEARSTREAM to the Trustee
of a certificate or certificates in the form set forth in Exhibit A-2 to this
Indenture (or in such other forms as may be established pursuant to
Section 301), for credit without further interest on or after such Interest
Payment Date to the respective accounts of Persons who are the beneficial owners
of such temporary global Security on such Interest Payment Date and who have
each delivered to Euroclear or CLEARSTREAM, as the case may be, a certificate
dated no earlier than 15 days prior to the Interest Payment Date occurring prior
to such Exchange Date in the form set forth as Exhibit A-1 to this Indenture (or
in such other forms as may be established pursuant to Section 301).
Notwithstanding anything to the contrary herein contained, the certifications
made pursuant to this paragraph shall satisfy the certification requirements of
the preceding two paragraphs of this Section 304(2) and of the third paragraph
of Section 303 of this Indenture and the interests of the Persons who are the
beneficial owners of the temporary global Security with respect to which such
certification was made will be exchanged for definitive Securities of the same
series and of like tenor on the Exchange Date or the date of certification if
such date occurs after the Exchange Date, without further act or deed by such
beneficial owners. Except as otherwise provided in this paragraph, no payments
of principal or interest owing with respect to a beneficial interest in a
temporary global Security will be made unless and until such interest in such
temporary global Security shall have been exchanged for an interest in a
definitive Security. Any interest so received by Euroclear and CLEARSTREAM and
not paid as herein provided shall be returned to the Trustee prior to the
expiration of two years after such Interest Payment Date in order to be repaid
to the Company.

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

    Section
305.       Registration, Registration of
Transfer and Exchange.

    

    The
Company shall cause to be kept at the Corporate Trust Office of the Trustee or
in any office or agency of the Company in a Place of Payment a register for each
series of Securities (the registers maintained in such office or in any such
office or agency of the Company in a Place of Payment being herein sometimes
referred to collectively as the “Security Register”) in which, subject to such
reasonable regulations as it may prescribe, the Company shall provide for the
registration of Registered Securities and of transfers of Registered Securities.
The Security Register shall be in written form or any other form capable of
being converted into written form within a reasonable time. The Trustee is
hereby initially appointed “Security Registrar” for the purpose of registering
Registered Securities and transfers of Registered Securities on such Security
Register as herein provided. In the event that the Trustee shall cease to be
Security Registrar, it shall have the right to examine the Security Register at
all reasonable times.

    

    Subject
to the provisions of this Section 305, upon surrender for registration of
transfer of any Registered Security of any series at any office or agency of the
Company in a Place of Payment for that series, the Company shall execute, and
the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Registered Securities of the same
series, of any authorized denominations and of a like aggregate principal
amount, bearing a number not contemporaneously outstanding, and containing
identical terms and provisions.

    

    Subject
to the provisions of this Section 305, at the option of the Holder, Registered
Securities of any series may be exchanged for other Registered Securities of the
same series, of any authorized denomination or denominations and of a like
aggregate principal amount, containing identical terms and provisions, upon
surrender of the Registered Securities to be exchanged at any such office or
agency. Whenever any such Registered Securities are so surrendered for exchange,
the Company shall execute, and the Trustee shall authenticate and deliver, the
Registered Securities which the Holder making the exchange is entitled to
receive. Unless otherwise specified with respect to any series of Securities as
contemplated by Section 301, Bearer Securities may not be issued in
exchange for Registered Securities.

    

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

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    Notwithstanding
the foregoing, except as otherwise specified as contemplated by
Section 301, any permanent global Security shall be exchangeable only as
provided in this paragraph. If the depositary for any permanent global Security
is DTC, then, unless the terms of such global Security expressly permit such
global Security to be exchanged in whole or in part for definitive Securities, a
global Security may be transferred, in whole but not in part, only to a nominee
of DTC, or by a nominee of DTC to DTC, or to a successor to DTC for such global
Security selected and approved by the Company or to a nominee of such successor
to DTC. If at any time DTC notifies the Company that it is unwilling or unable
to continue as depositary for the applicable global Security or Securities or if
at any time DTC ceases to be a clearing agency registered under the Exchange Act
if so required by applicable law or regulation, the Company shall appoint a
successor depositary with respect to such global Security or Securities. If (x)
a successor depositary for such global Security or Securities is not appointed
by the Company within 90 days after the Company receives such notice or becomes
aware of such unwillingness, inability or ineligibility, (y) an Event of Default
has occurred and is continuing and the beneficial owners representing a majority
in principal amount of the applicable series of Securities represented by such
global Security or Securities advise DTC to cease acting as depositary for such
global Security or Securities or (z) the Company, in its sole discretion,
determines at any time that all Outstanding Securities (but not less than all)
of any series issued or issuable in the form of one or more global Securities
shall no longer be represented by such global Security or Securities (provided,
however, the Company may not make such determination during the 40-day
restricted period provided by Regulation S under the Securities Act or during
any other similar period during which the Securities must be held in global form
as may be required by the Securities Act), then the Company shall execute, and
the Trustee shall authenticate and deliver definitive Securities of like series,
rank, tenor and terms in definitive form in an aggregate principal amount equal
to the principal amount of such global Security or Securities. If any beneficial
owner of an interest in a permanent global Security is otherwise entitled to
exchange such interest for Securities of such series and of like tenor and
principal amount of another authorized form and denomination, as specified as
contemplated by Section 301 and provided that any applicable notice provided in
the permanent global Security shall have been given, then without unnecessary
delay but in any event not later than the earliest date on which such interest
may be so exchanged, the Company shall execute, and the Trustee shall
authenticate and deliver definitive Securities in aggregate principal amount
equal to the principal amount of such beneficial owner’s interest in such
permanent global Security. On or after the earliest date on which such interests
may be so exchanged, such permanent global Security shall be surrendered for
exchange by DTC or such other depositary as shall be specified in the Company
Order with respect thereto to the Trustee, as the Company’s agent for such
purpose; provided, however, that no such exchanges may occur during a period
beginning at the opening of business 15 days before any selection of Securities
to be redeemed and ending on the relevant Redemption Date if the Security for
which exchange is requested may be among those selected for redemption; and
provided further that no Bearer Security delivered in exchange for a portion of
a permanent global Security shall be mailed or otherwise delivered to any
location in the United States. If a Registered Security is issued in exchange
for any portion of a permanent global Security after the close of business at
the office or agency where such exchange occurs on (i) any Regular Record Date
and before the opening of business at such office or agency on the relevant
Interest Payment Date, or (ii) any Special Record Date and the opening of
business at such office or agency on the related proposed date for payment of
Defaulted Interest, interest or Defaulted Interest, as the case may be, will not
be payable on such Interest Payment Date or proposed date for payment, as the
case may be, in respect of such Registered Security, but will be payable on such
Interest Payment Date or proposed date for payment, as the case may be, only to
the Person to whom interest in respect of such portion of such permanent global
Security is payable in accordance with the provisions of this
Indenture.

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

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

    

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

    

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

    

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

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    Section
306.      Mutilated, Destroyed, Lost and Stolen
Securities.

    

    If any
mutilated Security or a Security with a mutilated coupon appertaining to it is
surrendered to the Trustee or the Company, together with, in proper cases, such
security or indemnity as may be required by the Company or the Trustee to save
each of them or any agent of either of them harmless, the Company shall execute
and the Trustee shall authenticate and deliver in exchange therefor a new
Security of the same series and principal amount, containing identical terms and
provisions and bearing a number not contemporaneously outstanding, with coupons
corresponding to the coupons, if any, appertaining to the surrendered
Security.

    

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

    

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

    

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

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

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

    

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

    

    Section 307.   
Payment of Interest; Interest
Rights Preserved.

    

    Except as
otherwise specified with respect to a series of Securities in accordance with
the provisions of Section 301, interest on any Registered Security that is
payable, and is punctually paid or duly provided for, on any Interest Payment
Date shall be paid to the Person in whose name that Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest at the office or agency of the Company maintained
for such purpose pursuant to Section 1002; provided, however, that each
installment of interest on any Registered Security may at the Company’s option
be paid by (i) mailing a check for such interest, payable to or upon the written
order of the Person entitled thereto pursuant to Section 308, to the address of
such Person as it appears on the Security Register or (ii) transfer to an
account maintained by the payee located inside the United States.

    

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

    

    Unless
otherwise provided as contemplated by Section 301, every permanent global
Security will provide that interest, if any, payable on any Interest Payment
Date will be paid to DTC, Euroclear and/or CLEARSTREAM, as the case may be, with
respect to that portion of such permanent global Security held for its account
by Cede & Co. or the Common Depositary, as the case may be, for the purpose
of permitting such party to credit the interest received by it in respect of
such permanent global Security to the accounts of the beneficial owners
thereof.

    

    In case a
Bearer Security of any series is surrendered in exchange for a Registered
Security of such series after the close of business (at an office or agency in a
Place of Payment for such series) on any Regular Record Date and before the
opening of business (at such office or agency) on the next succeeding Interest
Payment Date, such Bearer Security shall be surrendered without the coupon
relating to such Interest Payment Date and interest will not be payable on such
Interest Payment Date in respect of the Registered Security issued in exchange
for such Bearer Security, but will be payable only to the Holder of such coupon
when due in accordance with the provisions of this Indenture.

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    Except as
otherwise specified with respect to a series of Securities in accordance with
the provisions of Section 301, any interest on any Registered Security of any
series that is payable, but is not punctually paid or duly provided for, on any
Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease
to be payable to the registered Holder thereof 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:

    

    (1)           The
Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Registered Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest, which shall be fixed in
the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on each Registered Security of
such series and the date of the proposed payment (which shall not be less than
20 days after such notice is received by the Trustee), and at the same time the
Company shall deposit with the Trustee an amount of money in the currency or
currencies, currency unit or units or composite currency or currencies in which
the Securities of such series are payable (except as otherwise specified
pursuant to Section 301 for the Securities of such series) equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or
shall make arrangements satisfactory to the Trustee for such deposit on or prior
to the date of the proposed payment, such money when deposited to be held in
trust for the benefit of the Persons entitled to such Defaulted Interest as in
this clause provided. Thereupon the Trustee shall fix a Special Record Date for
the payment of such Defaulted Interest 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 Registered
Securities of such series 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 an Authorized Newspaper in each place of
payment, but such publications 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 the Registered Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date
and shall no longer be payable pursuant to the following clause (B). In case a
Bearer Security of any series is surrendered at the office or agency in a Place
of Payment for such series in exchange for a Registered Security of such series
after the close of business at such office or agency on any Special Record Date
and before the opening of business at such office or agency on the related
proposed date for payment of Defaulted Interest, such Bearer Security shall be
surrendered without the coupon relating to such proposed date of payment and
Defaulted Interest will not be payable on such proposed date of payment in
respect of the Registered Security issued in exchange for such Bearer Security,
but will be payable only to the Holder of such coupon when due in accordance
with the provisions of this Indenture.

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    (2)           The
Company may make payment of any Defaulted Interest on the Registered Securities
of any series in any other lawful manner not inconsistent with the requirements
of any securities exchange on which such Securities may be listed, and upon such
notice as may be required by such exchange, if, after notice given by the
Company to the Trustee of the proposed payment pursuant to this clause, such
manner of payment shall be deemed practicable by the Trustee.

    

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

    

    Section 308.   
Persons Deemed
Owners.

    

    Prior to
due presentment of a Registered 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 Registered Security is registered as the owner of such
Security for the purpose of receiving payment of principal of (and premium or
Make-Whole Amount, if any), and (subject to Sections 305 and 307) interest on,
such Registered Security and for all other purposes whatsoever, whether or not
such Registered 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.

    

    Title to
any Bearer Security and any coupons appertaining thereto shall pass by delivery.
The Company, the Trustee and any agent of the Company or the Trustee may treat
the Holder of any Bearer Security and the Holder of any coupon as the absolute
owner of such Security or coupon for the purpose of receiving payment thereof or
on account thereof and for all other purposes whatsoever, whether or not such
Security or coupon 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 Paying Agent or the 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.

    

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

    

    Section 309.   
Cancellation.

    

    All
Securities and coupons surrendered for payment, redemption, repayment at the
option of the Holder, registration of transfer or exchange or for credit against
any sinking fund payment shall, if surrendered to any Person other than the
Trustee, be delivered to the Trustee, and any such Securities and coupons and
Securities and coupons 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 may
deliver to the Trustee (or to any other Person for delivery to the Trustee) for
cancellation any Securities previously authenticated hereunder which the Company
has not issued and sold, and all Securities so delivered shall be promptly
cancelled by the Trustee. If the Company shall so acquire any of the Securities,
however, such acquisition shall not operate as a redemption or satisfaction of
the indebtedness represented by such Securities unless and until the same are
surrendered to the Trustee for cancellation. No Securities shall be
authenticated in lieu of or in exchange for any Securities cancelled as provided
in this Section, except as expressly permitted by this Indenture. Cancelled
Securities and coupons held by the Trustee shall be destroyed by the Trustee and
the Trustee shall deliver a certificate of such destruction to the Company,
unless by a Company Order the Company directs their return to
it.

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

    Section 310.   
Computation of
Interest.

    

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

    

    ARTICLE
FOUR

    SATISFACTION
AND DISCHARGE

    

    Section 401.  
 Satisfaction and
Discharge of Indenture.

    

    This
Indenture shall upon Company Request cease to be of further effect with respect
to any series of Securities specified in such Company Request (except as to any
surviving rights of registration of transfer or exchange of Securities of such
series herein expressly provided for and any right to receive Additional
Amounts, as provided in Section 1010), and the Trustee, upon receipt of a
Company Request, and at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture as to
such series when

    

    (1)           either

    

    
      	
              (i)

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

            

    

    

    
      	
              (ii)

            	
              all
      Securities of such series and, in the case of (A) and (B) below, any
      coupons appertaining thereto not theretofore delivered to the Trustee for
      cancellation (A) have become due and payable, or (B) will become due and
      payable at their Stated Maturity within one year, or (C) 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 (A), (B) or (C) above, has irrevocably
      deposited or caused to be deposited with the Trustee as trust funds in
      trust for the purpose an amount in the currency or currencies, currency
      unit or units or composite currency or currencies in which the Securities
      of such series are payable, sufficient to pay and discharge the entire
      indebtedness on such Securities and such coupons not theretofore delivered
      to the Trustee for cancellation, for principal (and premium or Make-Whole
      Amount, if any) and interest, and any Additional Amounts with respect
      thereto, to the date of such deposit (in the case of Securities which have
      become due and payable) or the Stated Maturity or Redemption Date, as the
      case may be;

            

    

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

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

    

    (3)           The
Company has delivered to the Trustee an 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 as to such series have been
complied with.

    

    Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company
to the Trustee and any predecessor Trustee under Section 606, the obligations of
the Company to any Authenticating Agent under Section 611 and, if money shall
have been deposited with and held by the Trustee pursuant to subclause (2) of
this Section, the obligations of the Trustee under Section 402 and the last
paragraph of Section 1003, shall survive.

    

    Section 402.   
Application of Company
Funds.

    

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

    

    ARTICLE
FIVE

    REMEDIES

    

    Section 501.   
Events of
Default.

    

    Subject
to any modifications, additions or deletions relating to any series of
Securities as contemplated pursuant to Section 301, “Event of Default,” wherever
used herein with respect to any particular series of Securities, means any one
of the following events (whatever the reason for such Event of Default and
whether or not it shall be voluntary or involuntary or be effected by operation
of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body):

    

    (1)           default
in the payment of any interest upon or any Additional Amounts payable in respect
of any Security of or within that series or of any coupon appertaining thereto,
when such interest, Additional Amounts or coupon becomes due and payable, and
continuance of such default for a period of 30 days; or

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

    (2)           default
in the payment of the principal of (or premium or Make-Whole Amount, if any, on)
any Security of that series when due and payable at its Maturity;
or

    

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

    

    (4)           default
in the performance, or breach, of any covenant or warranty of the Company in
this Indenture with respect to any Security of that series (other than a
covenant or warranty 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, to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in principal amount of the Outstanding Securities
of that series a written notice specifying such default or breach and requiring
it to be remedied and stating that such notice is a “Notice of Default”
hereunder; or

    

    (5)           the
Company or any Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law:

    

    
      	
              (i)

            	
              commences
      a voluntary case,

            

    

    

    
      	
              (ii)

            	
              consents
      to the entry of an order for relief against it in an involuntary
      case,

            

    

    

    
      	
              (iii)

            	
              consents
      to the appointment of a Custodian of it or for all or substantially all of
      its property, or

            

    

    

    
      	
              (iv)

            	
              makes
      a general assignment for the benefit of its creditors;
  or

            

    

    

    (6)           a
court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that:

    

    
      	
              (i)

            	
              is
      for relief against the Company or any Significant Subsidiary in an
      involuntary case,

            

    

    

    
      	
              (ii)

            	
              appoints
      a Custodian of the Company or any Significant Subsidiary or for all or
      substantially all of either of its property,
or

            

    

    

    
      	
              (iii)

            	
              orders
      the liquidation of the Company or any Significant Subsidiary and the order
      or decree remains unstayed and in effect for 90 days;
  or

            

    

    

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

    

    As used
in this Section 501, the term “Bankruptcy Law” means Title 11, U.S. Code or any
similar Federal or state law for the relief of debtors and the term “Custodian”
means any receiver, trustee, assignee, liquidator or other similar official
under any Bankruptcy Law.

    
      
         

      

      
        34

        
          

        

      

      
         

      

    

    Section 502.   
Acceleration of Maturity;
Rescission and Annulment.

    

    If an
Event of Default (other than an Event of Default specified in Section 501(5) or
501(6)) with respect to Securities of any series at the time Outstanding occurs
and is continuing, then and in every such case the Trustee or the Holders of not
less than 25% in principal amount of the Outstanding Securities of that series
may declare the principal (or, if any Securities are Original Issue Discount
Securities or Indexed Securities, such portion of the principal as may be
specified in the terms thereof) of, and the Make-Whole Amount, if any, on, all
the Securities of that series to be due and payable immediately, by a notice in
writing to the Company (and to the Trustee if given by the Holders), and upon
any such declaration such principal or specified portion thereof shall become
immediately due and payable.  If an Event of Default specified in
Section 501(5) or 501(6) with respect to Securities of any series (or, if any
Securities of that series are Original Issue Discount Securities or Indexed
Securities, such portion of the principal as may be specified in the terms
thereof) shall automatically, and without any declaration or other action on the
part of the Trustee or any Holder, 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, by written notice to the Company and the Trustee, may rescind and
annul such declaration and its consequences if:

    

    (1)           The
Company has paid or deposited with the Trustee a sum sufficient to pay in the
currency, currency unit or composite currency in which the Securities of such
series is payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series):

    

    
      	
              (i)

            	
              all
      overdue installments of interest on and any Additional Amounts payable in
      respect of all Outstanding Securities of that series and any related
      coupons;

            

    

    

    
      	
              (ii)

            	
              the
      principal of (and premium or Make-Whole Amount, if any, on) any
      Outstanding Securities of that series 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 any 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

            

    

    

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

    

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

    
      
         

      

      
        35

        
          

        

      

      
         

      

    

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

    

    The
Company covenants that if:

    

    (1)           default
is made in the payment of any installment of interest or Additional Amounts, if
any, on any Security of any series and any related coupon when such interest or
Additional Amount becomes due and payable and such default continues for a
period of 30 days, or

    

    (2)           default
is made in the payment of the principal of (or premium or Make-Whole Amount, if
any, on) any Security of any series at its Maturity,

    

    then the
Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of
the Holders of such Securities of such series and coupons, the whole amount then
due and payable on such Securities and coupons for principal (and premium or
Make-Whole Amount, if any) and interest and Additional Amount, with interest
upon any overdue principal (and premium or Make-Whole Amount, if any) and, to
the extent that payment of such interest shall be legally enforceable, upon any
overdue installments of interest or Additional Amounts, if any, 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 of such series 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 of such
series, 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 and any
related coupons by such appropriate judicial proceedings as the Trustee shall
deem most effectual to protect and enforce any such rights, whether for the
specific enforcement of any covenant or agreement in this Indenture or in aid of
the exercise of any power granted herein, or to enforce any other proper
remedy.

    

    Section 504.   
Trustee May File Proofs of
Claim.

    

    In case
of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to the Company or 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 of any series
shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand on
the Company for the payment of overdue principal, premium or Make-Whole Amount,
if any, or interest) shall be entitled and empowered, by intervention in such
proceeding or otherwise:

    
      
         

      

      
        36

        
          

        

      

      
         

      

    

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

    

    (2)           to
collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same; and any custodian, receiver, assignee,
trustee, liquidator, sequestrator (or other similar official) in any such
judicial proceeding is hereby authorized by each Holder of Securities of such
series and coupons to make such payments to the Trustee, and in the event that
the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee and any
predecessor Trustee, their agents and counsel, and any other amounts due the
Trustee or any predecessor Trustee under Section 606.

    

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

    

    Section 505.   
Trustee May Enforce Claims
Without Possession of Securities or Coupons.

    

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

    

    Section 506.   
Application of Money
Collected.

    

    Any money
collected by the Trustee pursuant to this Article shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the
distribution of such money on account of principal (or premium or Make-Whole
Amount, if any) or interest and any Additional Amounts, upon presentation of the
Securities or coupons, or both, as the case may be, 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 and any predecessor Trustee under
Section 606,

    

    SECOND:
To the payment of the amounts then due and unpaid upon the Securities and
coupons for principal (and premium or Make-Whole Amount, 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
and coupons for principal (and premium or Make-Whole Amount, if any), interest
and Additional Amounts, respectively, and

    
      
         

      

      
        37

        
          

        

      

      
         

      

    

    THIRD: To
the payment of the remainder, if any, to the Company or any other Person or
Persons entitled thereto.

    

    Section
507.     Limitation on
Suits.

    

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

    

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

    

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

    

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

    

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

    

    (5)           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 of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all such
Holders.

    

    Section
508.    Unconditional Right of Holders to Receive Principal,
Premium or Make-Whole Amount, if any, Interest and Additional
Amounts.

    

    Notwithstanding
any other provision in this Indenture, the Holder of any Security or coupon
shall have the absolute and unconditional right to receive payment of the
principal of (and premium or Make-Whole Amount, if any) and (subject to Sections
305 and 307) interest on, and any Additional Amounts in respect of, such
Security or payment of such coupon on the respective due dates expressed in such
Security or coupon (or, in the case of redemption, on the Redemption Date) and
to institute suit for the enforcement of any such payment, and such rights shall
not be impaired without the consent of such Holder.

    
      
         

      

      
        38

        
          

        

      

      
         

      

    

    Section
509.    Restoration of Rights and
Remedies.

    

    If the
Trustee or any Holder of a Security or coupon 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 and coupons 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
510.    Rights and Remedies Cumulative.

    

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

    

    Section
511.    Delay or Omission Not Waiver.

    

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

    

    Section
512.     Control by Holders of
Securities.

    

    The
Holders of not less than 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

    

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

    

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

    

    (3)           the
Trustee need not take any action which might involve it in personal liability or
be unduly prejudicial to the Holders of Securities of such series not joining
therein (but the Trustee shall have no obligation as to the determination of
such undue prejudice).

    
      
         

      

      
        39

        
          

        

      

      
         

      

    

    Section
513.      Waiver of Past
Defaults.

    

    The
Holders of not less than a majority in principal amount of the Outstanding
Securities of any series may on behalf of the Holders of all the Securities of
such series and any related coupons waive any past default hereunder with
respect to such series and its consequences, except a default

    

    (1)           in
the payment of the principal of (or premium or Make-Whole Amount, if any) or
interest on or Additional Amounts payable in respect of any Security of such
series or any related coupons, or

    

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

    

    Upon any
such waiver, 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
Event of Default or impair any right consequent thereon.

    

    Section
514.      Undertaking for
Costs.

    

    All
parties to this Indenture agree, and each Holder of any Security by his
acceptance thereof shall be deemed to have agreed, that any court may in its
discretion require, in any suit for the enforcement of any right or remedy under
this Indenture, or in any suit against the Trustee for any action taken or
omitted by it as Trustee, the filing by any party litigant in such suit of any
undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in such suit having due regard to the merits and good
faith of the claims or defenses made by such party litigant, all in accordance
with the Trust Indenture Act.

    

    ARTICLE
SIX

    THE
TRUSTEE

    

    Section
601.    Notice of Defaults.

    

    Within 90
days after the occurrence of any default hereunder with respect to the
Securities of any series, the Trustee shall transmit in the manner and to the
extent provided in TIA Section 313(c), notice of such default hereunder
known to the Trustee, unless such default shall have been cured or waived;
provided, however, that, except in the case of a default in the payment of the
principal of (or premium or Make-Whole Amount, 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 the Securities of such
series, the Trustee shall be protected in withholding such notice if and so long
as Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the interests of the Holders of the Securities
and coupons of such series; and provided further that in the case of any default
or breach of the character specified in Section 501(4) with respect to the
Securities and coupons of such series, no such notice to Holders shall be given
until at least 90 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 the Securities
of such series.

    
      
         

      

      
        40

        
          

        

      

      
         

      

    

    Section
602.    Certain Rights of Trustee.

    

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

    

    (1)           the
Trustee shall perform only such duties as are expressly undertaken by it to
perform under this Indenture;

    

    (2)           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, coupon or other paper
or document believed by it to be genuine and to have been signed or presented by
the proper party or parties;

    

    (3)           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, together with any coupons appertaining thereto, to the Trustee for
authentication and delivery pursuant to Section 303 which shall be sufficiently
evidenced as provided therein) and any resolution of the Board of Directors may
be sufficiently evidenced by a Board Resolution;

    

    (4)           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;

    

    (5)           the
Trustee may consult with counsel and as a condition to the taking, suffering or
omission of any action hereunder may demand an Opinion of Counsel, and the
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;

    

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

    

    (7)           the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, coupon 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;

    

    (8)           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; and

    
      
         

      

      
        41

        
          

        

      

      
         

      

    

    (9)           the
Trustee shall not be liable for any action taken, suffered or omitted by it in
good faith and reasonably believed by it to be authorized or within the
discretion or rights or powers conferred upon it by this Indenture.

    

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

    

    Section
603.    Not Responsible for Recitals or Issuance of
Securities.

    

    The
recitals contained herein and in the Securities, except the Trustee’s
certificate of authentication, and in any coupons shall be taken as the
statements of the Company, and neither the Trustee nor any Authenticating Agent
assumes any responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the
Securities or coupons, except that the Trustee represents that it is duly
authorized to execute and deliver this Indenture, authenticate the Securities
and perform its obligations hereunder. Neither the Trustee nor any
Authenticating Agent shall be accountable for the use or application by the
Company of Securities or the proceeds thereof.

    

    Section
604.    May Hold Securities.

    

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

    

    Section
605.    Money Held in Trust.

    

    Money
held by the Trustee in trust hereunder need not be segregated from other funds
except to the extent required by law. The Trustee shall be under no liability
for interest on, or investment of, any money received by it
hereunder.

    

    Section
606.    Compensation and Reimbursement.

    

    The
Company agrees:

    

    (1)           to
pay to the Trustee from time to time reasonable compensation for all services
rendered by it hereunder, including extraordinary services rendered in
connection with or during the continuation of a default hereunder (which
compensation shall not be limited by any provision of law in regard to the
compensation of a trustee of an express trust);

    
      
         

      

      
        42

        
          

        

      

      
         

      

    

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

    

    (3)           to
indemnify each of the Trustee and any predecessor Trustee for, and to hold it
harmless against, any loss, liability or expense, arising out of or in
connection with the acceptance or administration of the trust or trusts or the
performance of its duties hereunder, including the costs and expenses of
defending itself against any claim or liability in connection with the exercise
or performance of any of its powers or duties hereunder except to the extent any
such loss, liability or expense may be attributable to its own negligence or bad
faith.

    

    As
security for the performance of the obligations of the Company under this
Section, the Trustee shall have a lien prior to the Securities upon all property
and funds held or collected by the Trustee as such, except funds held in trust
for the payment of principal of (or premium or Make-Whole Amount, if any) or
interest on particular Securities or any coupons.

    

    The
provisions of this Section shall survive the termination of this
Indenture.

    

    Section
607.    Corporate Trustee Required; Eligibility; Conflicting
Interests.

    

    There
shall at all times be a Trustee hereunder which shall be eligible to act as
Trustee under TIA Section 310(a)(1) and shall have a combined capital and
surplus of at least $50,000,000. If such corporation publishes reports of
condition at least annually, pursuant to law or the requirements of Federal,
State, Territorial or District of Columbia supervising or examining authority,
then for the purposes of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published. If at any time the Trustee
shall cease to be eligible in accordance with the provisions of this Section, it
shall resign immediately in the manner and with the effect hereinafter specified
in this Article.

    

    Section
608.    Resignation and Removal; Appointment of
Successor.

    

    (1)           No
resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the applicable
requirements of Section 609.

    

    (2)           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 an instrument of
acceptance by a successor Trustee 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.

    

    (3)           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.

    
      
         

      

      
        43

        
          

        

      

      
         

      

    

    (4)           If
at any time:

    

    
      	
              (i)

            	
              the
      Trustee shall fail to comply with the provisions of TIA Section 310(b)
      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 607 and shall fail to
      resign 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

            

    

    

    
      	
              (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 or pursuant to a Board Resolution may remove
the Trustee and appoint a successor Trustee with respect to all Securities, or
(ii) subject to TIA Section 315(e), any Holder of a Security who has been a bona
fide Holder of a Security for at least six months may, on behalf of himself and
all others similarly situated, petition any court of competent jurisdiction for
the removal of the Trustee with respect to all Securities and the appointment of
a successor Trustee or Trustees.

    

    (5)           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 or pursuant to a Board
Resolution, shall promptly appoint a successor Trustee or Trustees with respect
to the Securities of that or those series (it being understood that any such
successor Trustee may be appointed with respect to the Securities of one or more
or all of such series and that at any time there shall be only one Trustee with
respect to the Securities of any particular series). If, within one year after
such resignation, removal or incapability, or the occurrence of such vacancy, a
successor Trustee with respect to the Securities of any series shall be
appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance
of such appointment, become the successor Trustee with respect to the Securities
of such series and to that extent supersede the successor Trustee appointed by
the Company. If no successor Trustee with respect to the Securities of any
series shall have been so appointed by the Company or the Holders of Securities
and accepted appointment in the manner hereinafter provided, 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 Securities of such series.

    

    (6)           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 in the manner provided for
notices to the Holders of Securities in Section 106. Each notice shall include
the name of the successor Trustee with respect to the Securities of such series
and the address of its Corporate Trust Office.

    
      
         

      

      
        44

        
          

        

      

      
         

      

    

    Section
609.    Acceptance of Appointment By
Successor.

    

    (1)           In
case of the appointment hereunder of a successor Trustee with respect to all or
a series of Securities, every such successor Trustee 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 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, subject nevertheless to its claim, if any,
provided for in Section 606.

    

    (2)           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, pursuant to
Article Nine hereof, wherein each successor Trustee shall accept such
appointment and which (A) 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, (B) 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 (C) shall add to or change any of the provisions of
this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such Trustee; and upon
the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided
therein and each such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series
to which the appointment of such successor Trustee relates; but, on request of
the Company or any successor Trustee, such retiring Trustee shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates.

    

    (3)           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
(1) or (2) of this Section, as the case may be.

    

    (4)           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.

    
      
         

      

      
        45

        
          

        

      

      
         

      

    

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

    

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

    

    Section
611.    Appointment of Authenticating
Agent.

    

    At any
time when any of the Securities remain Outstanding, the Trustee may appoint an
Authenticating Agent or Agents with respect to one or more series of Securities
which shall be authorized to act on behalf of the Trustee to authenticate
Securities of such series issued upon exchange, registration of transfer or
partial redemption or repayment thereof, and Securities so authenticated shall
be entitled to the benefits of this Indenture and shall be valid and obligatory
for all purposes as if authenticated by the Trustee hereunder. Any such
appointment shall be evidenced by an instrument in writing signed by a
Responsible Officer of the Trustee, a copy of which instrument shall be promptly
furnished to the Company. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee’s
certificate of authentication, such reference shall be deemed to include
authentication and delivery on behalf of the Trustee by an Authenticating Agent
and a certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent. Each Authenticating Agent shall be acceptable to the
Company and, except as may otherwise be provided pursuant to Section 301, shall
at all times be a bank or trust company or corporation organized and doing
business and in good standing under the laws of the United States of America or
of any State 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
authorities. If such Authenticating Agent publishes reports of condition at
least annually, pursuant to law or the requirements of the aforesaid 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. In case 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.

    
      
         

      

      
        46

        
          

        

      

      
         

      

    

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

    

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

    

    The
Company agrees to pay to each Authenticating Agent from time to time reasonable
compensation including reimbursement of its reasonable expenses for its services
under this Section.

    

    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 or in
lieu of the Trustee’s certificate of authentication, an alternate certificate of
authentication substantially in the following form:

    

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

    

    
      	 
      	
              ,
      as Trustee

            	 
      

    

    

    
      	
              By:

            	 
      	 
      
	
              as
      Authenticating Agent

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Authorized
      Officer

            

    

    

    ARTICLE
SEVEN

    HOLDERS’
LISTS AND REPORTS BY TRUSTEE AND COMPANY

    

    Section
701.   Disclosure of Names and Addresses of
Holders.

    

    Every
Holder of Securities or coupons, by receiving and holding the same, agrees with
the Company and the Trustee that neither the Company nor the Trustee nor any
Authenticating Agent nor any Paying Agent nor any Security Registrar shall be
held accountable by reason of the disclosure of any information as to the names
and addresses of the Holders of Securities in accordance with TIA Section 312,
regardless of the source from which such information was derived, and that the
Trustee shall not be held accountable by reason of mailing any material pursuant
to a request made under TIA Section 312(b).

    
      
         

      

      
        47

        
          

        

      

      
         

      

    

    Section
702.    Reports by Trustee.

    

    Within 60
days after September 1 of each year commencing with the first September 1 after
the first issuance of Securities pursuant to this Indenture, the Trustee shall
transmit by mail to all Holders of Securities as provided in TIA Section 313(c)
a brief report dated as of such September 1 if required by TIA Section
313(a).

    

    Section
703.    Reports by the Company.

    

    The
Company will:

    

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

    

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

    

    (3)           transmit
by mail to the Trustee (which shall send copies to the Holders of Securities),
within 30 days after the filing thereof with the Trustee, in the manner and to
the extent provided in TIA Section 313(c), such summaries of any information,
documents and reports required to be filed by the Company pursuant to paragraphs
(1) and (2) of this Section as may be required by rules and regulations
prescribed from time to time by the Commission.

    

    Section
704.    Company to Furnish Trustee Names and Addresses of
Holders.

    

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

    

    (1)           semi-annually,
not later than 15 days after the Regular Record Date for interest for each
series of Securities, a list, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders of Registered Securities of
such series as of such Regular Record Date, or if there is no Regular Record
Date for interest for such series of Securities, semi-annually, upon such dates
as are set forth in the Board Resolution or indenture supplemental hereto
authorizing such series, and

    
      
         

      

      
        48

        
          

        

      

      
         

      

    

    (2)           at
such other times as the Trustee may reasonably 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, so long as the Trustee is the Security
Registrar, no such list shall be required to be furnished.

    

    ARTICLE
EIGHT

    CONSOLIDATION,
MERGER, SALE, LEASE OR CONVEYANCE

    

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

    

    The
Company may consolidate with, or sell, lease or convey all or substantially all
of its assets to, or merge with or into any other Person, provided that in any
such case, (i) either the Company shall be the continuing entity, or the
successor (if other than the Company) entity shall be a Person organized and
existing under the laws of the United States or a State thereof and such
successor entity shall expressly assume the due and punctual payment of the
principal of (and premium or Make-Whole Amount, if any) and any interest
(including all Additional Amounts, if any, payable pursuant to Section 1010) on
all of 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 by the Company by supplemental indenture, complying
with Article Nine hereof, satisfactory to the Trustee, executed and delivered to
the Trustee by such Person and (ii) immediately after giving effect to such
transaction and treating any indebtedness which becomes an obligation of the
Company or any Subsidiary as a result thereof as having been incurred by the
Company or such Subsidiary at the time of such transaction, no Event of Default,
and no event which, after notice or the lapse of time, or both, would become an
Event of Default, shall have occurred and be continuing.

    

    Section
802.     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 entity, such successor entity 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 entity, except in the
event of a lease, shall be relieved of any further obligation under this
Indenture and the Securities. Such successor entity 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 entity, 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 entity 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.

    
      
         

      

      
        49

        
          

        

      

      
         

      

    

    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
803.    Officers’ Certificate and Opinion of
Counsel.

    

    Any
consolidation, merger, sale, lease or conveyance permitted under Section 801 is
also subject to the condition that the Trustee receive an Officers’ Certificate
and an Opinion of Counsel to the effect that any such consolidation, merger,
sale, lease or conveyance, and the assumption by any successor entity, complies
with the provisions of this Article and that all conditions precedent herein
provided for relating to such transaction have been complied with.

    

    ARTICLE
NINE

    SUPPLEMENTAL
INDENTURES

    

    Section
901.    Supplemental Indentures Without Consent of
Holders.

    

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

    

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

    

    (2)           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

    

    (3)           to
add any additional Events of Default for the benefit of the Holders of all or
any series of Securities (and if such Events of Default are to be for the
benefit of less than all series of Securities, stating that such Events of
Default are expressly being included solely for the benefit of such series);
provided, however, that in respect of any such additional Events of Default such
supplemental indenture may provide for a particular period of grace after
default (which period may be shorter or longer than that allowed in the case of
other defaults) or may provide for an immediate enforcement upon such default or
may limit the remedies available to the Trustee upon such default or may limit
the right of the Holders of a majority in aggregate principal amount of that or
those series of Securities to which such additional Events of Default apply to
waive such default; or

    

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

    
      
         

      

      
        50

        
          

        

      

      
         

      

    

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

    

    (6)           to
secure the Securities; or

    

    (7)           to
establish the form or terms of Securities of any series and any related coupons
as permitted by Sections 201 and 301; or

    

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

    

    (9)           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 be inconsistent with the provisions of this Indenture or to make
any other changes, provided that in each case, such provisions shall not
adversely affect the interests of the Holders of Securities of any series or any
related coupons in any material respect; or

    

    (10)         to
close this Indenture with respect to the authentication and delivery of
additional series of Securities or to qualify, or maintain qualification of,
this Indenture under the TIA; or

    

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

    

    Section
902.    Supplemental Indentures With Consent of
Holders.

    

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

    
      
         

      

      
        51

        
          

        

      

      
         

      

    

    (1)           change
the Stated Maturity of the principal of (or premium or Make-Whole Amount, if
any, on) or any installment of principal of or interest on, any Security; or
reduce the principal amount thereof or the rate or amount of interest thereon or
any Additional Amounts payable in respect thereof, or any premium or Make-Whole
Amount payable upon the redemption thereof, or change any obligation of the
Company to pay Additional Amounts pursuant to Section 1010 (except as
contemplated by Section 801(i) and permitted by Section 901(1)), or reduce the
amount of the principal of an Original Issue Discount Security or Make-Whole
Amount, if any, that would be due and payable upon a declaration of acceleration
of the Maturity thereof pursuant to Section 502 or the amount thereof provable
in bankruptcy pursuant to Section 504, or adversely affect any right of
repayment at the option of the Holder of any Security, or change any Place of
Payment where, or the currency or currencies, currency unit or units or
composite currency or currencies in which, the principal of any Security or any
premium or Make-Whole Amount or any Additional Amounts payable in respect
thereof 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 or repayment at the option of the Holder,
on or after the Redemption Date or the Repayment Date, as the case may be);
or

    

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

    

    (3)           modify
any of the provisions of this Section, Section 513 or Section 1011, except to
increase the required percentage to effect such action 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.

    

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

    

    A
supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which has expressly been included 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.

    

    Section
903    Execution of Supplemental
Indentures.

    

    In
executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modification thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and shall
be fully protected in relying upon, an Opinion of Counsel stating that the
execution of such supplemental indenture is authorized or permitted by this
Indenture and that all conditions precedent to the execution of such
supplemental indenture have been complied with. 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.

    
      
         

      

      
        52

        
          

        

      

      
         

      

    

    Section
904.    Effect of Supplemental
Indentures.

    

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

    

    Section
905.    Conformity with Trust Indenture
Act.

    

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

    

    Section
906.    Reference in Securities to Supplemental
Indentures.

    

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

    

    Section
907.    Notice of Supplemental
Indentures.

    

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

    

    ARTICLE
TEN

    COVENANTS

    

    Section
1001.    Payment of Principal, Premium or Make-Whole Amount,
if any, Interest and Additional Amounts.

    

    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 or
Make-Whole Amount, if any) and 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, any coupons appertaining thereto and this Indenture.
Unless otherwise specified as contemplated by Section 301 with respect to any
series of Securities, any interest due on and any Additional Amounts payable in
respect of Bearer Securities on or before Maturity, other than Additional
Amounts, if any, payable as provided in Section 1010 in respect of principal of
(or premium or Make-Whole Amount, if any, on) such a Security, shall be payable
only upon presentation and surrender of the several coupons for such interest
installments as are evidenced thereby as they severally mature. Unless otherwise
specified with respect to Securities of any series pursuant to Section 301, at
the option of the Company, all payments of principal may be paid by check to the
registered Holder of the Registered Security or other person entitled thereto
against surrender of such Security.

    
      
         

      

      
        53

        
          

        

      

      
         

      

    

    Section
1002.    Maintenance of Office or
Agency.

    

    If
Securities of a series are issuable only as Registered Securities, the Company
shall 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. If
Securities of a series are issuable as Bearer Securities, the Company will
maintain: (A) in the Borough of Manhattan, The City of New York, an office or
agency where any Registered Securities of that series may be presented or
surrendered for payment, where any Registered Securities of that series may be
surrendered for exchange, where notices and demands to or upon the Company in
respect of the Securities of that series and this Indenture may be served and
where Bearer Securities of that series and related coupons may be presented or
surrendered for payment in the circumstances described in the following
paragraph (and not otherwise); (B) subject to any laws or regulations applicable
thereto, in a Place of Payment for that series which is located outside the
United States, an office or agency where Securities of that series and related
coupons may be presented and surrendered for payment (including payment of any
Additional Amounts payable on Securities of that series pursuant to Section
1010); provided, however, that if the Securities of that series are listed on
any stock exchange located outside the United States and such stock exchange
shall so require, the Company will maintain a Paying Agent for the Securities of
that series in any required city located outside the United States, as the case
may be, so long as the Securities of that series are listed in such exchange;
and (C) subject to any laws or regulations applicable thereto, in a Place of
Payment for that series located outside the United States an office or agency
where any Securities of that series may be surrendered for registration of
transfer, where Securities of that series may be surrendered for 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 each such office or agency. If at any time the Company shall fail to maintain
any such required office or agency or shall fail to furnish the Trustee with the
address thereof, such presentations, surrenders, notices and demands may be made
or served at the Corporate Trust Office of the Trustee, except that Bearer
Securities of that series and the related coupons may be presented and
surrendered for payment (including payment of any Additional Amounts payable on
Bearer Securities of that series pursuant to Section 1010) at the offices
specified in the Security and the Company hereby appoints the same as its agent
to receive such respective presentations, surrenders, notices and demands, and
the Company hereby appoints the Trustee its agent to receive all such
presentations, surrenders, notices and demands.

    
      
         

      

      
        54

        
          

        

      

      
         

      

    

    Unless
otherwise specified with respect to any Securities pursuant to Section 301, no
payment of principal, premium, Make-Whole Amount or interest on or Additional
Amounts in respect of Bearer Securities shall be made at any office or agency of
the Company in the United States or by check mailed to any address in the United
States or by transfer to an account maintained with a bank located in the United
States; provided, however, that, if the Securities of a series are payable in
Dollars, payment of principal of and any premium and interest on any Bearer
Security (including any Additional Amounts or Make-Whole Amount payable on
Securities of such series pursuant to Section 1010) shall be made at the office
of the Company’s Paying Agent in the Borough of Manhattan, The City of New York,
if (but only if) payment in Dollars of the full amount of such principal,
premium, interest, Additional Amounts or Make-Whole Amount, as the case may be,
at all offices or agencies outside the United States maintained for the purpose
by the Company in accordance with this Indenture, is illegal or effectively
precluded by exchange controls or other similar restrictions.

    

    The
Company may from time to time designate one or more other offices or agencies
where the Securities of one or more series and related coupons, if any, may be
presented or surrendered for any or all of 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 accordance with the requirements set forth above for
Securities of any series for such purposes. The Company will give prompt written
notice to the Trustee of any such designation or rescission and of any change in
the location of any such other office or agency. Unless otherwise specified with
respect to any Securities pursuant to Section 301 with respect to a series of
Securities, the Company hereby designates as Places of Payment for each series
of Securities the Corporate Trust Office of the Trustee and the office or agency
of ____________________ at ____________________, initially appoints the Trustee
as a Paying Agent in __________________, and __________________ as Paying Agent
in __________________, and appoints each as its agent to receive all such
presentations, surrenders, notices and demands.

    

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

    

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

    

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

    

    Whenever
the Company shall have one or more Paying Agents for any series of Securities
and any related coupons, it will, on or before each due date of the principal of
(and premium or Make-Whole Amount, if any), or interest on or Additional Amounts
in respect of, any Securities of that series, deposit with a Paying Agent a sum
(in the currency or currencies, currency unit or units or composite currency or
currencies described in the preceding paragraph) sufficient to pay the principal
(and premium or Make-Whole Amount, if any) or interest or Additional Amounts, so
becoming due, such sum to be held in trust for the benefit of the Persons
entitled to such principal, premium, Make-Whole Amount or interest or Additional
Amounts and (unless such Paying Agent is the Trustee) the Company will promptly
notify the Trustee of its action or failure so to act.

    
      
         

      

      
        55

        
          

        

      

      
         

      

    

    The
Company will cause each Paying Agent 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:

    

    (1)           hold
all sums held by it for the payment of principal of (and premium or Make-Whole
Amount, if any) or interest on Securities or Additional Amounts 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;

    

    (2)           give
the Trustee notice of any default by the Company (or any other obligor upon the
Securities) in the making of any such payment of principal (and premium or
Make-Whole Amount, if any) or interest or Additional Amounts; and

    

    (3)           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
trusts 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
sums.

    

    Except as
otherwise provided in the Securities of any series, 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 or Make-Whole Amount, if any) or
interest on, or any Additional Amounts in respect of, any Security of any series
and remaining unclaimed for two years after such principal (and premiums or
Make-Whole Amount, if any), interest or Additional Amounts has become due and
payable shall be paid to the Company upon 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 of such principal of (and premium or Make-Whole Amount, if
any) or interest on, or any Additional Amounts in respect of, any Security,
without interest thereon, 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,
notice that such money remains unclaimed and that, after a date specified
therein, which shall not be less than 30 days from the date of such publication,
any unclaimed balance of such money then remaining will be repaid to the
Company.

    
      
         

      

      
        56

        
          

        

      

      
         

      

    

    Section
1004.    Existence.

    

    Subject
to Article Eight, the Company will do or cause to be done all things necessary
to preserve and keep in full force and effect the existence, rights (charter and
statutory) and franchises of the Company and its Significant Subsidiaries;
provided, however, that the Company shall not be required to preserve any right
or franchise if the Board of Directors shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Company and
its Subsidiaries as a whole and that the loss thereof is not disadvantageous in
any material respect to the Holders of Securities of any series.

    

    Section
1005.    Maintenance of Properties.

    

    The
Company will cause all of its properties used or useful in the conduct of its
business or the business of any Subsidiary to be maintained and kept in good
condition, repair and working order and supplied with all necessary equipment
and will cause to be made all necessary repairs, renewals, replacements,
betterments and improvements thereof, all as in the judgment of the Company may
be necessary so that the business carried on in connection therewith may be
properly and advantageously conducted at all times; provided, however, that
nothing in this Section shall prevent the Company or any Subsidiary from selling
or otherwise disposing of for value its properties in the ordinary course of its
business.

    

    Section
1006.    Insurance.

    

    The
Company will, and will cause each of its Subsidiaries to, keep all of its
insurable properties insured against loss or damage at least equal to their then
full insurable value with financially sound and reputable insurance
companies.

    

    Section
1007.    Payment of Taxes and Other
Claims.

    

    The
Company will pay or discharge or cause to be paid or discharged, before the same
shall become delinquent, (1) all taxes, assessments and governmental charges
levied or imposed upon it or any Subsidiary or upon the income, profits or
property of the Company or any Subsidiary, and (2) all lawful claims for labor,
materials and supplies which, if unpaid, might by law become a lien upon the
property of the Company or any Subsidiary; provided, however, that the Company
shall not be required to pay or discharge or cause to be paid or discharged any
such tax, assessment, charge or claim whose amount, applicability or validity is
being contested in good faith by appropriate proceedings.

    

    Section
1008.    Provision of Financial
Information.

    

    Whether
or not the Company is subject to Section 13 or 15(d) of the Exchange Act, the
Company will, to the extent permitted under the Exchange Act, file with the
Commission the annual reports, quarterly reports and other documents which the
Company would have been required to file with the Commission pursuant to such
Section 13 or 15(d) (the “Financial Statements”) if the Company were so subject,
such documents to be filed with the Commission on or prior to the respective
dates (the “Required Filing Dates”) by which the Company would have been
required so to file such documents if the Company were so
subject.

    
      
         

      

      
        57

        
          

        

      

      
         

      

    

    The
Company will also in any event (x) within 15 days of each Required Filing Date
(i) transmit by mail to all Holders, as their names and addresses appear in the
Security Register, without cost to such Holders, copies of the annual reports
and quarterly reports which the Company would have been required to file with
the Commission pursuant to Section 13 or 15(d) of the Exchange Act if the
Company were subject to such Sections, and (ii) file with the Trustee copies of
annual reports, quarterly reports and other documents which the Company would
have been required to file with the Commission pursuant to Section 13 or 15(d)
of the Exchange Act if the Company were subject to such Sections and (y) if
filing such documents by the Company with the Commission is not permitted under
the Exchange Act, promptly upon written request and payment of the reasonable
cost of duplication and delivery, supply copies of such documents to any
prospective Holder.

    

    Section
1009.    Statement as to Compliance.

    

    The
Company will deliver to the Trustee within 120 days after the end of each fiscal
year, a brief certificate from the principal executive officer, principal
financial officer or principal accounting officer as to his or her knowledge of
the Company’s compliance with all conditions and covenants under this Indenture
and, in the event of any noncompliance, specifying such noncompliance and the
nature and status thereof. For purposes of this Section 1009, such compliance
shall be determined without regard to any period of grace or requirement of
notice under this Indenture.

    

    Section
1010.    Additional Amounts.

    

    If any
Securities of a series provide for the payment of Additional Amounts, the
Company will pay to the Holder of any Security of such series or any coupon
appertaining thereto Additional Amounts as may be specified as contemplated by
Section 301. Whenever in this Indenture there is mentioned, in any context
except in the case of Section 502(A), the payment of the principal or of any
premium, Make-Whole Amount or interest on, or in respect of, any Security of any
series or payment of any related coupon 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 by the terms of
such series established pursuant to Section 301 to the extent that, in such
context, Additional Amounts are, were or would be payable in respect thereof
pursuant to such terms and express mention of the payment of Additional Amounts
(if applicable) in any provisions hereof shall not be construed as excluding
Additional Amounts in those provisions hereof where such express mention is not
made.

    

    Except as
otherwise specified as contemplated by Section 301, if the Securities of a
series provide for the payment of Additional Amounts, at least 10 days prior to
the first Interest Payment Date with respect to that series of Securities (or if
the Securities of that series will not bear interest prior to Maturity, the
first day on which a payment of principal and any premium is made), and at least
10 days prior to each date of payment of principal and any premium or Make-Whole
Amount 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 of and any
premium or interest on the Securities of that series shall be made to Holders of
Securities of that series or any related coupons who are not United States
persons without withholding for or on account of any tax, assessment or other
governmental charge described in the Securities of or within the 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 of that series or related coupons and the Company
will pay to the Trustee or such Paying Agent the Additional Amounts required by
the terms of such Securities. In the event that the Trustee or any Paying Agent,
as the case may be, shall not so receive the above- mentioned certificate, then
the Trustee or such Paying Agent shall be entitled (i) to assume that no such
withholding or deduction is required with respect to any payment of principal or
interest with respect to any Securities of a series or related coupons until it
shall have received a certificate advising otherwise and (ii) to make all
payments of principal and interest with respect to the Securities of a series or
related coupons without withholding or deductions until otherwise advised. 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 or in reliance on the Company’s
not furnishing such an Officers’ Certificate.

    
      
         

      

      
        58

        
          

        

      

      
         

      

    

    Section
1011.    Waiver of Certain Covenants.

    

    The
Company may omit in any particular instance to comply with any term, provision
or condition set forth in Sections 1004 to 1007, inclusive, and with any other
term, provision or condition with respect to the Securities of any series
specified in accordance with Section 301 (except any such term, provision or
condition which could not be amended without the consent of all Holders of
Securities of such series pursuant to Section 902), if before or after the time
for such compliance the Holders of at least a majority in principal amount of
all outstanding Securities of such series, by Act of such Holders, either waive
such compliance in such instance or generally waive compliance with such
covenant or condition, but no such waiver shall extend to or affect such
covenant 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
ELEVEN

    REDEMPTION
OF SECURITIES

    

    Section
1101.    Applicability of Article.

    

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

    

    Section
1102.    Election to Redeem; Notice to
Trustee.

    

    The
election of the Company to redeem any Securities shall be evidenced by or
pursuant to a Board Resolution. In case of any redemption at the election of the
Company of less than all of the Securities of any series, the Company shall, at
least 45 days prior to the giving of the notice of redemption in Section 1104
(unless a shorter notice shall be satisfactory to the Trustee), notify the
Trustee of such Redemption Date and of the principal amount of Securities of
such series to be redeemed. In the case of any redemption of Securities prior to
the expiration of any restriction on such redemption provided in the terms of
such Securities or elsewhere in this Indenture, the Company shall furnish the
Trustee with an Officers’ Certificate evidencing compliance with such
restriction.

    
      
         

      

      
        59

        
          

        

      

      
         

      

    

    Section
1103.    Selection by Trustee of Securities to Be
Redeemed.

    

    If less
than all the Securities of any series issued on the same day with 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 issued on such date with the same terms
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 that
series or any integral multiple thereof) of the principal amount of Securities
of such series of a denomination larger than the minimum authorized denomination
for Securities of that 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 Security redeemed or to be redeemed only in part, to the portion of the
principal amount of such Security which has been or is to be
redeemed.

    

    Section
1104.    Notice of Redemption.

    

    Notice of
redemption shall be given in the manner provided in Section 106, not less than
30 days nor more than 60 days prior to the Redemption Date, unless a shorter
period is specified by the terms of such series established pursuant to Section
301, to each Holder of Securities to be redeemed, but failure to give such
notice in the manner herein provided to the Holder of any Security 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 such Security or portion thereof.

    

    Any
notice that is mailed to the Holders of Registered Securities in the manner
herein provided shall be conclusively presumed to have been duly given, whether
or not the Holder receives the notice.

    

    All
notices of redemption shall state:

    

    (1)           the
Redemption Date;

    

    (2)           the
Redemption Price, accrued interest to the Redemption Date payable as provided in
Section 1106, if any, and Additional Amounts, if any;

    
      
         

      

      
        60

        
          

        

      

      
         

      

    

    (3)           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 Security or Securities to be redeemed;

    

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

    

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

    

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

    

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

    

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

    

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

    

    (10)           the
CUSIP number of such Security, if any, provided that neither the Company nor the
Trustee shall have any responsibility for any such CUSIP number;
and

    

    (11)           if
applicable, that a Holder of Securities who desires to convert Securities to be
redeemed must satisfy the requirements for conversion contained in such
Securities, the then existing conversion price or rate and the date and time
when the option to convert shall expire.

    

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

    

    Section
1105.    Deposit of Redemption
Price.

    

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

    
      
         

      

      
        61

        
          

        

      

      
         

      

    

    Section
1106.     Securities Payable on Redemption
Date.

    

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

    

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

    

    If any
Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium or Make-Whole Amount, if any) shall,
until paid, bear interest from the Redemption Date at the rate borne by the
Security.

    
      
         

      

      
        62

        
          

        

      

      
         

      

    

    Section
1107.    Securities Redeemed in Part.

    

    Any
Security which is to be redeemed only in part (pursuant to the provisions of
this Article or of Article Twelve) shall be surrendered at a Place of Payment
therefor (with, if the Company 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, 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
TWELVE

    SINKING
FUNDS

    

    Section
1201.    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 301 for Securities of such series.

    

    The
minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a “mandatory sinking fund
payment,” and any payment in excess of such minimum amount provided for by the
terms of such Securities of any series is herein referred to as an “optional
sinking fund payment.” If provided for by the terms of any Securities of any
series, the cash amount of any mandatory sinking fund payment may be subject to
reduction as provided in Section 1202. Each sinking fund payment shall be
applied to the redemption of Securities of any series as provided for by the
terms of Securities of such series.

    

    Section
1202.    Satisfaction of Sinking Fund Payments with
Securities.

    

    The
Company may, in satisfaction of all or any part of any mandatory sinking fund
payment with respect to the Securities of a series, (1) deliver Outstanding
Securities of such series (other than any previously called for redemption)
together in the case of any Bearer Securities of such series with all unmatured
coupons appertaining thereto 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 Securities or through the application of permitted optional
sinking fund payments pursuant to the terms of such Securities, as provided for
by the terms of such Securities, or which have otherwise been acquired by the
Company; provided that such Securities so delivered or applied as a credit have
not been previously so credited. Such Securities shall be received and credited
for such purpose by the Trustee at the applicable Redemption Price specified in
such Securities for redemption through operation of the sinking fund and the
amount of such mandatory sinking fund payment shall be reduced
accordingly.

    
      
         

      

      
        63

        
          

        

      

      
         

      

    

    Section
1203.    Redemption of Securities for Sinking
Fund.

    

    Not less
than 60 days prior to each sinking payment date for Securities of any series,
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 in the currency or currencies, currency unit or
units or composite currency or currencies in which the Securities of such series
are payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series) and the portion thereof, if any, which is to be
satisfied by delivering and crediting Securities of that series pursuant to
Section 1202, 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 delivered and credited. 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 1103 and cause notice of
the redemption thereof to be given in the name of and at the expense of the
Company in the manner provided in Section 1104. Such notice having been duly
given, the redemption of such Securities shall be made upon the terms and in the
manner stated in Sections 1106 and 1107.

    

    ARTICLE
THIRTEEN

    REPAYMENT
AT THE OPTION OF HOLDERS

    

    Section
1301.    Applicability of Article.

    

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

    

    Section
1302.    Repayment of Securities.

    

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

    

    
      
        
        

      

      
        64

        
          

        

      

      
        
        

      

    

     

    Section
1303.    Exercise of Option.

    

    Securities
of any series subject to repayment at the option of the Holders thereof will
contain an “Option to Elect Repayment” form on the reverse of such Securities.
In order for any Security to be repaid at the option of the Holder, the Trustee
must receive at the Place of Payment therefor specified in the terms of such
Security (or at such other place or places of which the Company shall from time
to time notify the Holders of such Securities) not earlier than 60 days nor
later than 30 days prior to the Repayment Date (1) the Security so providing for
such repayment together with the “Option to Elect Repayment” form on the reverse
thereof duly completed by the Holder (or by the Holder’s attorney duly
authorized in writing) or (2) a telegram, telex, facsimile transmission or a
letter from a member of a national securities exchange, or the National
Association of Securities Dealers, Inc. (“NASD”), or a commercial bank or trust
company in the United States setting forth the name of the Holder of the
Security, the principal amount of the Security, the principal amount of the
Security to be repaid, the CUSIP number, if any, or a description of the tenor
and terms of the Security, a statement that the option to elect repayment is
being exercised thereby and a guarantee that the Security to be repaid, together
with the duly completed form entitled “Option to Elect Repayment” on the reverse
of the Security, will be received by the Trustee not later than the fifth
Business Day after the date of such telegram, telex, facsimile transmission or
letter; provided, however, that such telegram, telex, facsimile transmission or
letter shall only be effective if such Security and form duly completed are
received by the Trustee by such fifth Business Day. If less than the entire
principal amount of such Security is to be repaid in accordance with the terms
of such Security, the principal amount of such Security to be repaid, in
increments of the minimum denomination for Securities of such series, and the
denomination or denominations of the Security or Securities to be issued to the
Holder for the portion of the principal amount of such Security surrendered that
is not to be repaid, must be specified. The principal amount of any Security
providing for repayment at the option of the Holder thereof may not be repaid in
part if, following such repayment, the unpaid principal amount of such Security
would be less than the minimum authorized denomination of Securities of or
within the series of which such Security to be repaid is a part. Except as
otherwise may be provided by the terms of any Security providing for repayment
at the option of the Holder thereof, exercise of the repayment option by the
Holder shall be irrevocable unless waived by the Company.

    

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

    

    If
Securities of any series providing for repayment at the option of the Holders
thereof shall have been surrendered as provided in this Article and as provided
by or pursuant to the terms of such Securities, such Securities or the portions
thereof, as the case may be, to be repaid shall become due and payable and shall
be paid by the Company on the Repayment Date therein specified, and on and after
such Repayment Date (unless the Company shall default in the payment of such
Securities on such Repayment Date) such Securities shall, if the same were
interest- bearing, cease to bear interest and the coupons for such interest
appertaining to any Bearer Securities so to be repaid, except to the extent
provided below, shall be void. Upon surrender of any such Security for repayment
in accordance with such provisions, together with all coupons, if any,
appertaining thereto maturing after the Repayment Date, the principal amount of
such security so to be repaid shall be paid by the Company, together with
accrued interest, if any, to the Repayment Date; provided, however, that coupons
whose Stated Maturity is on or prior to the Repayment Date shall be payable only
at an office or agency located outside the United States (except as otherwise
provided in Section 1002) and, unless otherwise specified pursuant to Section
301, only upon presentation and surrender of such coupons; and provided further
that, in the case of Registered Securities, installments of interest, if any,
whose Stated Maturity is on or prior to the Repayment Date shall be payable (but
without interest thereon, unless the Company shall default in the payment
thereof) to the Holders of such Securities, or one or more Predecessor
Securities, registered as such at the close of business on the relevant Record
Dates according to their terms and the provisions of Section
307.

    
      
         

      

      
        65

        
          

        

      

      
         

      

    

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

    

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

    

    Section
1305.    Securities Repaid in Part.

    

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

    

    ARTICLE
FOURTEEN

    DEFEASANCE
AND COVENANT DEFEASANCE

    

    Section
1401.    Applicability of Article; Company’s Option to
Effect Defeasance or Covenant Defeasance.

    

    If,
pursuant to Section 301, provision is made for either or both of (a) defeasance
of the Securities of or within a series under Section 1402 or (b) covenant
defeasance of the Securities of or within a series under Section 1403 to be
applicable to the Securities of any series, then the provisions of such Section
or Sections, as the case may be, together with the other provisions of this
Article (with such modifications thereto as may be specified pursuant to Section
301 with respect to any Securities), shall be applicable to such Securities and
any coupons appertaining thereto, and the Company may at its option by Board
Resolution, at any time, with respect to such Securities and any coupons
appertaining thereto, elect to defease such Outstanding Securities and any
coupons appertaining thereto pursuant to Section 1402 (if applicable) or Section
1403 (if applicable) upon compliance with the conditions set forth below in this
Article.

    
      
         

      

      
        66

        
          

        

      

      
         

      

    

    Section 1402.  
 Defeasance and
Discharge.

    

    Upon the
Company’s exercise of the above option applicable to this Section with respect
to any Securities of or within a series, the Company shall be deemed to have
been discharged from its obligations with respect to such Outstanding Securities
and any coupons appertaining thereto on the date the conditions set forth in
Section 1404 are satisfied (hereinafter, “defeasance”). For this purpose, such
defeasance means that the Company shall be deemed to have paid and discharged
the entire indebtedness represented by such Outstanding Securities and any
coupons appertaining thereto, which shall thereafter be deemed to be
“Outstanding” only for the purposes of Section 1405 and the other Sections of
this Indenture referred to in clauses (A) and (B) below, and to have satisfied
all of its other obligations under such Securities and any coupons appertaining
thereto and this Indenture insofar as such Securities and any coupons
appertaining thereto are concerned (and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging the same), except for
the following which shall survive until otherwise terminated or discharged
hereunder: (A) the rights of Holders of such Outstanding Securities and any
coupons appertaining thereto to receive, solely from the trust fund described in
Section 1404 and as more fully set forth in such Section, payments in respect of
the principal of (and premium or Make-Whole Amount, if any) and interest, if
any, on such Securities and any coupons appertaining thereto when such payments
are due, (B) the Company’s obligations with respect to such Securities under
Sections 305, 306, 1002 and 1003 and with respect to the payment of Additional
Amounts, if any, on such Securities as contemplated by Section 1011, (C) the
rights, powers, trusts, duties and immunities of the Trustee hereunder and (D)
this Article. Subject to compliance with this Article Fourteen, the Company may
exercise its option under this Section notwithstanding the prior exercise of its
option under Section 1403 with respect to such Securities and any coupons
appertaining thereto.

    

    Section
1403.    Covenant Defeasance.

    

    Upon the
Company’s exercise of the above option applicable to this Section with respect
to any Securities of or within a series, the Company shall be released from its
obligations under Sections 1004 to 1008, inclusive, and, if specified pursuant
to Section 301, its obligations under any other covenant, with respect to such
Outstanding Securities and any coupons appertaining thereto on and after the
date the conditions set forth in Section 1404 are satisfied (hereinafter,
“covenant defeasance”), and such Securities and any coupons appertaining thereto
shall thereafter be deemed to be not “Outstanding” for the purposes of any
direction, waiver, consent or declaration or Act of Holders (and the
consequences of any thereof) in connection with Sections 1004 to 1008,
inclusive, or such other covenant, but shall continue to be deemed “Outstanding”
for all other purposes hereunder. For this purpose, such covenant defeasance
means that, with respect to such Outstanding Securities and any coupons
appertaining thereto, the Company may omit to comply with and shall have no
liability in respect of any term, condition or limitation set forth in any such
Section or such other covenant, whether directly or indirectly, by reason of any
reference elsewhere herein to any such Section or such other covenant or by
reason of reference in any such Section or such other covenant to any other
provision herein or in any other document and such omission to comply shall not
constitute a default or an Event of Default under Section 501(D) or 501(I) or
otherwise, as the case may be, but, except as specified above, the remainder of
this Indenture and such Securities and any coupons appertaining thereto shall be
unaffected thereby.

    
      
         

      

      
        67

        
          

        

      

      
         

      

    

    Section
1404.    Conditions to Defeasance or Covenant
Defeasance.

    

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

    

    (1)           The
Company shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee satisfying the requirements of Section 607 who shall
agree to comply with the provisions of this Article Fourteen applicable to it)
as trust funds in trust for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of such Securities and any coupons appertaining thereto, (1) an
amount in such currency, currencies or currency unit in which such Securities
and any coupons appertaining thereto are then specified as payable at Stated
Maturity, or (2) Government Obligations applicable to such Securities and
coupons appertaining thereto (determined on the basis of the currency,
currencies or currency unit in which such Securities and coupons appertaining
thereto are then specified as payable at Stated Maturity) which through the
scheduled payment of principal and interest in respect thereof in accordance
with their terms will provide, not later than one day before the due date of any
payment of principal of (and premium or Make-Whole Amount, if any) and interest,
if any, on such Securities and any coupons appertaining thereto, money in an
amount, or (3) a combination thereof in an amount, sufficient, without
consideration of any reinvestment of such principal and interest, in the opinion
of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge,
and which shall be applied by the Trustee (or other qualifying trustee) to pay
and discharge, (i) the principal of (and premium or Make-Whole Amount, if any)
and interest, if any, on such Outstanding Securities and any coupons
appertaining thereto on the Stated Maturity of such principal or installment of
principal or interest and (ii) any mandatory sinking fund payments or analogous
payments applicable to such Outstanding Securities and any coupons appertaining
thereto on the day on which such payments are due and payable in accordance with
the terms of this Indenture and of such Securities and any coupons appertaining
thereto; provided, that the Trustee shall have been irrevocably instructed to
apply such money or the proceeds of such Government Obligations to said payments
with respect to such Securities. Before such a deposit, the Company may give to
the Trustee, in accordance with Section 1102 hereof, a notice of its election to
redeem all or any portion of such Outstanding Securities at a future date in
accordance with the terms of the Securities of such series and Article Eleven
hereof, which notice shall be irrevocable. Such irrevocable redemption notice,
if given, shall be given effect in applying the foregoing.

    

    (2)           Such
defeasance or covenant defeasance shall not result in a breach or violation of,
or constitute a default under, this Indenture or any other material agreement or
instrument to which the Company is a party or by which it is bound (and shall
not cause the Trustee to have a conflicting interest pursuant to Section 310(b)
of the TIA with respect to any Security of the Company).

    

    (3)           No
Event of Default or event which with notice or lapse of time or both would
become an Event of Default with respect to such Securities and any coupons
appertaining thereto shall have occurred and be continuing on the date of such
deposit or, insofar as Sections 501(7) and 501(8) are concerned, at any time
during the period ending on the 91st day after the date of such deposit (it
being understood that this condition shall not be deemed satisfied until the
expiration of such period).

    
      
         

      

      
        68

        
          

        

      

      
         

      

    

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

    

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

    

    (6)           The
Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent to the defeasance
under Section 1402 or the covenant defeasance under Section 1403 (as the case
may be) have been complied with and an Opinion of Counsel to the effect that
either (i) as a result of a deposit pursuant to subsection (A) above and the
related exercise of the Company’s option under Section 1402 or Section 1403 (as
the case may be) registration is not required under the Investment Company Act
of 1940, as amended, by the Company, with respect to the trust funds
representing such deposit or by the Trustee for such trust funds or (ii) all
necessary registrations under said Act have been effected.

    

    (7)           After
the 91st day following the deposit, the trust funds will not be subject to the
effect of any applicable bankruptcy, insolvency, reorganization or similar laws
affecting creditors’ rights generally.

    

    (8)           Notwithstanding
any other provisions of this Section, such defeasance or covenant defeasance
shall be effected in compliance with any additional or substitute terms,
conditions or limitations which may be imposed on the Company in connection
therewith pursuant to Section 301.

    

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

    

    Subject
to the provisions of the last paragraph of Section 1003, all money and
Government Obligations (or other property as may be provided pursuant to Section
301) (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 1405, the
“Trustee”) pursuant to Section 1404 in respect of any Outstanding Securities of
any series and any coupons appertaining thereto shall be held in trust and
applied by the Trustee, in accordance with the provisions of such Securities and
any coupons appertaining thereto 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 Holders of such Securities
and any coupons appertaining thereto of all sums due and to become due thereon
in respect of principal (and premium or Make-Whole Amount, if any) and interest
and Additional Amounts, if any, but such money need not be segregated from other
funds except to the extent required by law.

    
      
         

      

      
        69

        
          

        

      

      
         

      

    

    Unless
otherwise specified with respect to any Security pursuant to Section 301, if,
after a deposit referred to in Section 1404(1) has been made, (a) the Holder of
a Security in respect of which such deposit was made is entitled to, and does,
elect pursuant to Section 301 or the terms of such Security to receive payment
in a currency or currency unit other than that in which the deposit pursuant to
Section 1404(1) has been made in respect of such Security, or (b) a Conversion
Event occurs in respect of the currency or currency unit in which the deposit
pursuant to Section 1404(1) has been made, the indebtedness represented by such
Security and any coupons appertaining thereto shall be deemed to have been, and
will be, fully discharged and satisfied through the payment of the principal of
(and premium or Make-Whole Amount, if any), and interest, if any, on such
Security as the same becomes due out of the proceeds yielded by converting (from
time to time as specified below in the case of any such election) the amount or
other property deposited in respect of such Security into the currency or
currency unit in which such Security becomes payable as a result of such
election or Conversion Event based on the applicable market exchange rate for
such currency or currency unit in effect on the second Business Day prior to
each payment date, except, with respect to a Conversion Event, for such currency
or currency unit in effect (as nearly as feasible) at the time of the Conversion
Event.

    

    The
Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the Government Obligations deposited pursuant to
Section 1404 or the principal and interest received in respect thereof other
than any such tax, fee or other charge which by law is for the account of the
Holders of such Outstanding Securities and any coupons appertaining
thereto.

    

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

    

    ARTICLE
FIFTEEN

    MEETINGS
OF HOLDERS OF SECURITIES

    

    Section
1501.    Purposes for Which Meetings May Be
Called.

    

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

    
      
         

      

      
        70

        
          

        

      

      
         

      

    

    Section
1502.    Call, Notice and Place of
Meetings.

    

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

    

    (2)           In
case at any time the Company, pursuant to a Board Resolution, or the Holders of
at least 10% in principal amount of the Outstanding Securities of any series
shall have requested the Trustee to call a meeting of the Holders of Securities
of such series for any purpose specified in Section 1501, by written request
setting forth in reasonable detail the action proposed to be taken at the
meeting, and the Trustee shall not have made the first publication of the notice
of such meeting within 21 days after receipt of such request or shall not
thereafter proceed to cause the meeting to be held as provided herein, then the
Company or the Holders of Securities of such series in the amount above
specified, as the case may be, may determine the time and the place for such
meeting and may call such meeting for such purposes by giving notice thereof as
provided in subsection (1) of this Section.

    

    Section
1503.    Persons Entitled to Vote at
Meetings.

    

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

    

    Section
1504.    Quorum; Action.

    

    The
Persons entitled to vote a majority in principal amount of the Outstanding
Securities of a series shall constitute a quorum for a meeting of Holders of
Securities of such series; provided, however, that if any action is to be taken
at such meeting with respect to a consent or waiver which this Indenture
expressly provides may be given by the Holders of not less than a specified
percentage in principal amount of the Outstanding Securities of a series, the
Persons entitled to vote such specified percentage in principal amount of the
Outstanding Securities of such series shall constitute a quorum. In the absence
of a quorum within 30 minutes after the time appointed for any such meeting, the
meeting shall, if convened at the request of Holders of Securities of such
series, be dissolved. In any other case the meeting may be adjourned for a
period of not less than 10 days as determined by the chairman of the meeting
prior to the adjournment of such meeting. In the absence of a quorum at any such
adjourned meeting, such adjourned meeting may be further adjourned for a period
of not less than 10 days as determined by the chairman of the meeting prior to
the adjournment of such adjourned meeting. Notice of the reconvening of any
adjourned meeting shall be given as provided in Section 1502(1), except that
such notice need be given only once not less than five days prior to the date on
which the meeting is scheduled to be reconvened. Notice of the reconvening of
any adjourned meeting shall state expressly the percentage, as provided above,
of the principal amount of the Outstanding Securities of such series which shall
constitute a quorum.

    
      
         

      

      
        71

        
          

        

      

      
         

      

    

    Except as
limited by the proviso to Section 902, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may
be adopted by the affirmative vote of the Holders of a majority in principal
amount of the Outstanding Securities of that series; provided, however, that,
except as limited by the proviso to Section 902, any resolution with respect to
any request, demand, authorization, direction, notice, consent, waiver or other
action which this Indenture expressly provides may be made, given or taken by
the Holders of a specified percentage, which is less than a majority, in
principal amount of the Outstanding Securities of a series may be adopted at a
meeting or an adjourned meeting duly reconvened and at which a quorum is present
as aforesaid by the affirmative vote of the Holders of such specified percentage
in principal amount of the Outstanding Securities of that series.

    

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

    

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

    

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

    

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

    

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

    

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

    
      
         

      

      
        72

        
          

        

      

      
         

      

    

    (2)           The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders
of Securities as provided in Section 1502(2), in which case the Company or the
Holders of Securities of or within the series calling the meeting, as the case
may be, shall in like manner appoint a temporary chairman. A permanent chairman
and a permanent secretary of the meeting shall be elected by vote of the Persons
entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting.

    

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

    

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

    

    Section
1506.    Counting Votes and Recording Action of
Meetings.

    

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

    

    Section
1507.    Evidence of Action Taken by
Holders.

    

    Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by a specified percentage
in principal amount of the Holders of any or all series may be embodied in and
evidenced by one or more instruments of substantially similar tenor signed by
such specified percentage of Holders in person or by agent duly appointed in
writing; and, except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the
Trustee. Proof of execution of any instrument or of a writing appointing any
such agent shall be sufficient for any purpose of this Indenture and (subject to
Article Six) conclusive in favor of the Trustee and the Company, if made in the
manner provided in this Article.

    
      
         

      

      
        73

        
          

        

      

      
         

      

    

    Section
1508.    Proof of Execution of
Instruments.

    

    Subject
to Article Six, the execution of any instrument by a Holder or his agent or
proxy may be proved in accordance with such reasonable rules and regulations as
may be prescribed by the Trustee or in such manner as shall be satisfactory to
the Trustee.

    

    ARTICLE
SIXTEEN

    SUBORDINATION

    

    Section
1601.    Agreement to Subordinate.

    

    The
Company agrees, and each Holder by accepting a Security agrees, that the
indebtedness evidenced by the Securities is subordinated in right of payment, to
the extent and in the manner provided in this Article, to the prior payment in
full of all Senior Debt and that the subordination is for the benefit of the
holders of Senior Debt.

    

    Section
1602.    Liquidation; Dissolution;
Bankruptcy.

    

    Upon any
distribution to creditors of the Company in a liquidation or dissolution of the
Company or in a bankruptcy, reorganization, insolvency, receivership or similar
proceeding relating to the Company or its property:

    

    (1)           holders
of Senior Debt shall be entitled to receive payment in full in cash of the
principal of and interest (including interest accruing after the commencement of
any such proceeding) to the date of payment on the Senior Debt before Holders
shall be entitled to receive any payment of principal of or interest on
Securities;

    

    (2)           until
the Senior Debt is paid in full in cash, any distribution to which Holders would
be entitled but for this Article shall be made to holders of Senior Debt as
their interests may appear, except that Holders may receive securities that are
subordinated to Senior Debt to at least the same extent as the Securities;
and

    

    (3)           the
Trustee is entitled to rely upon an order or decree of a court of competent
jurisdiction or a certificate of a bankruptcy trustee or other similar official
for the purpose of ascertaining the persons entitled to participate in such
distribution, the holders of Senior Debt and other Company debt, the amount
thereof or payable thereon and all other pertinent facts relating to the
Trustee’s obligations under this Article Sixteen.

    
      
         

      

      
        74

        
          

        

      

      
         

      

    

    Section
1603.    Default on Senior Debt.

    

    The
Company may not pay principal of or interest on the Securities and may not
acquire any Securities for cash or property other than capital stock of the
Company if:

    

    (1)           a
default on Senior Debt occurs and is continuing that permits holders of such
Senior Debt to accelerate its maturity, and

    

    (2)           the
default is the subject of judicial proceedings or the Company receives a notice
of the default from a person who may give it pursuant to Section 1611. If the
Company receives any such notice, a similar notice received within nine months
thereafter relating to the same default on the same issue of Senior Debt shall
not be effective for purposes of this Section.

    

    The
Company may resume payments on the Securities and may acquire them
when:

    

    (3)           the
default is cured or waived, or

    

    (4)           120
days pass after the notice is given if the default is not the subject of
judicial proceedings,

    

    if this
Article otherwise permits the payment or acquisition at that time.

    

    Section
1604.    Acceleration of Securities.

    

    If
payment of the Securities is accelerated because of an Event of Default, the
Company shall promptly notify holders of Senior Debt of the acceleration. The
Company may pay the Securities when 120 days pass after the acceleration occurs
if this Article permits the payment at that time.

    

    Section
1605.    When Distribution Must Be Paid
Over.

    

    If a
distribution is made to Holders that because of this Article should not have
been made to them, the Holders who receive the distribution shall hold it in
trust for holders of Senior Debt and pay it over to them as their interests may
appear.

    

    Section
1606.    Notice by the Company

    

    The
Company shall promptly notify the Trustee and any Paying Agent of any facts
known to the Company that would cause a payment of principal of or interest on
Securities to violate this Article.

    

    Section
1607.    Subrogation.

    

    After all
Senior Debt is paid in full and until the Securities are paid in full, Holders
shall be subrogated to the rights of holders of Senior Debt to receive
distributions applicable to Senior Debt to the extent that distributions
otherwise payable to the Holders have been applied to the payment of Senior
Debt. A distribution made under this Article to holders of Senior Debt which
otherwise would have been made to Holders is not, as between the Company and
Holders, a payment by the Company on Senior Debt.

    
      
         

      

      
        75

        
          

        

      

      
         

      

    

    Section
1608.    Relative Rights.

    

    This
Article defines the relative rights of Holders and holders of Senior Debt.
Nothing in this Indenture shall:

    

    (1)           impair,
as between the Company and Holders, the obligation of the Company, which is
absolute and unconditional, to pay principal of and interest on the Securities
in accordance with their terms;

    

    (2)           affect
the relative rights of Holders and creditors of the Company other than holders
of Senior Debt; or

    

    (3)           prevent
the Trustee or any Holder from exercising its available remedies upon an Event
of Default, subject to the rights of holders of Senior Debt to receive
distributions otherwise payable to Holders.

    

    If the
Company fails because of this Article to pay principal of or interest on a
Security on the due date, the failure is still a default.

    

    Section
1609.    Subordination May Not Be Impaired by the
Company

    

    No right
of any holder of Senior Debt to enforce the subordination of the indebtedness
evidenced by the Securities shall be impaired by any act or failure to act by
the Company or by its failure to comply with this Indenture.

    

    Section
1610.    Distribution or Notice to
Representative.

    

    Whenever
a distribution is to be made or a notice given to holders of Senior Debt, the
distribution may be made and the notice given to their
Representative.

    

    Section
1611.    Rights of Trustee and Paying
Agent.

    

    The
Trustee or any Paying Agent may continue to make payments on the Securities
until it receives written notice of facts that would cause a payment of
principal of or interest on the Securities to violate this Article. Only the
Company, a Representative or a holder of an issue of Senior Debt that has no
Representative may give the written notice.

    

    The
Trustee has no fiduciary duty to the holders of Senior Debt other than as
created under this Indenture. The Trustee in its individual or any other
capacity may hold Senior Debt with the same rights it would have if it were not
Trustee.

    

    The
Company’s obligation to pay, and the Company’s payment of, the Trustee’s fees
pursuant to Section 606 are excluded from the operation of this Article
Sixteen.

    

    * * * *
*

    
      
         

      

      
        76

        
          

        

      

      
         

      

    

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

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly
executed by their respective officers hereunto duly authorized, all as of the
day and year first above written.

    

    MERGE
HEALTHCARE INCORPORATED

    

    
      	
              By:

            	 
      	 
      
	 
      	 
      	 
      
	
              Name:

            	 
      	 
      
	 
      	 
      	 
      
	
              Title:

            	 
      	 
      

    

    

    
      	 
      	
              ,
      as Trustee

            

    

    

    
      	
              By:

            	 
      	 
      
	 
      	 
      	 
      
	
              Name:

            	 
      	 
      
	 
      	 
      	 
      
	
              Title:

            	 
      	 
      

    

    
      
         

      

      
        77

        
          

        

      

      
         

      

    

    STATE OF
____________

    

    CITY OF
____________

    

    The
foregoing instrument was acknowledged before me in the City of ____________,
State of ____________, by __________________, ______________________________ of
Merge Healthcare Incorporated, a Delaware corporation, on behalf of the
corporation.

    

    My
commission expires ________________________________________.

    Notary
Public

    
      
         

      

      
        78

        
          

        

      

      
         

      

    

    STATE OF
_________________________________

    

    CITY/COUNTY
OF __________________________

    

    The
foregoing instrument was acknowledged before me in the City/County of
_____________________________, State of _______________________, by
__________________, _______________________________ of _____________, a
____________ corporation, on behalf of the corporation.

    

    My
commission expires ________________________________________.

    Notary
Public

    
      
         

      

      
        79

        
          

        

      

      
         

      

    

    EXHIBIT
A

    

    FORMS OF
CERTIFICATION

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

    EXHIBIT
A-1

    

    FORM OF
CERTIFICATE TO BE GIVEN BY PERSON ENTITLED

    TO
RECEIVE BEARER SECURITY OR TO OBTAIN INTEREST

    PAYABLE
PRIOR TO THE EXCHANGE DATE

    

    CERTIFICATE

    

    [Insert
title or sufficient description of Securities to be delivered]

    

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

    

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

    

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

    

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

    
      
         

      

      
        A-2

        
          

        

      

      
         

      

    

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

    

    Dated:
__________________, 20__

    

    
      	
              [To
      be dated no earlier than the 15th day prior to the earlier of (i) the
      Exchange Date or (ii) the relevant Interest Payment Date occurring prior
      to the Exchange Date, as applicable]

            	 
      
	 
      	 
      
	 
      	 
      
	
              [Name
      of Person Making Certification]

            	 
      
	 
      	 
      	 
      
	 
      	 
      	
               

            
	
              (Authorized
      Signator)

            	 
      
	 
      	 
      	 
      
	
              Name:

            	 
      	 
      
	 
      	 
      	 
      
	
              Title:

            	 
      	 
      

    

    
      
         

      

      
        A-3

        
          

        

      

      
         

      

    

    EXHIBIT
A-2

    

    FORM OF
CERTIFICATE TO BE GIVEN BY EUROCLEAR

    AND
CLEARSTREAM IN CONNECTION WITH THE EXCHANGE OF

    A PORTION
OF A TEMPORARY GLOBAL SECURITY OR TO

    OBTAIN
INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE

    

    CERTIFICATE

    

    [Insert
title or sufficient description of Securities to be delivered]

    

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

    

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

    

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

    
      
         

      

      
        A-4

        
          

        

      

      
         

      

    

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

    

    Dated:
__________________, 20__

    

    [To be
dated no earlier than the earlier of

    the
Exchange Date or the relevant Interest

    Payment
Date occurring prior to the Exchange

    Date, as
applicable]

    

    [Euroclear
Bank, S.A./N.V.,] as Operator of the Euroclear System [Clearstream Banking,
S.A.]

    

    
      	
              By:

            	 
      

    

    

    
      
         

      

      
        A-5

        
          

        

      

      
         

      

    

    
      	
              REGISTERED

              $

              CUSIP
      NO.: __________

            	
              PRINCIPAL
      AMOUNT NO.: __________

            
	 
      	 
      

    

    

    MERGE
HEALTHCARE INCORPORATED

    

    [Designation
of Subordinated Security]

    

    Merge
Healthcare Incorporated, a Delaware corporation (hereinafter called the
“Corporation,” which term shall include any successor corporation under the
Indenture hereinafter referred to), for value received, hereby promises to pay
to ____________, or registered assigns, upon presentation, the principal sum of
____________ DOLLARS on ____________, and to pay interest on the outstanding
principal amount thereon from ____________, or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, semi-annually
in arrears on __________ and __________ in each year, commencing ____________,
at the rate of ____% per annum, until the entire principal amount hereof is paid
or made available for payment. The interest so payable, and punctually paid or
duly provided for on any Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this Subordinated Security (or
one or more Predecessor Subordinated Securities) is registered at the close of
business on the Regular Record Date for such interest which shall be the
____________ or ____________ (whether or not a Business Day), as the case may
be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided for shall forthwith cease to be payable to the
Holder on such Regular Record Date, and may either be paid to the Person in
whose name this Subordinated Security (or one or more Predecessor Subordinated
Securities) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee, notice
whereof shall be given to Holders of Subordinated Securities of this series not
more than 15 days and not less than 10 days prior to such Special Record Date,
or may be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Subordinated Securities may
be listed, and upon such notice as may be required by such exchange, all as more
fully provided in the Indenture. Payment of the principal of, Make-Whole Amount,
if any, on, and interest on this Subordinated Security will be made at the
office or agency of the Corporation maintained for that purpose in the City of
____________, State of ____________, or elsewhere as provided in the Indenture,
in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts; provided,
however, that at the option of the Corporation payment of interest may be made
by (i) check mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register kept for the Subordinated
Securities pursuant to Section 305 of the Indenture (the “Security Register”) or
(ii) transfer to an account of the Person entitled thereto located inside the
United States.

    

    This
Subordinated Security is one of a duly authorized issue of securities of the
Corporation (herein called the “Subordinated Securities”), issued and to be
issued in one or more series under an Indenture, dated as of ____________, 200_
(herein called the “Indenture”), between the Corporation and ____________
(herein called the “Trustee,” which term includes any successor trustee under
the Indenture with respect to the Subordinated Securities), to which Indenture
and all indentures supplemental thereto reference is hereby made for a statement
of the respective rights, limitations of rights, duties and immunities
thereunder of the Corporation, the Trustee and the Holders of the Subordinated
Securities and of the terms upon which the Subordinated Securities are, and are
to be, authenticated and delivered. This Subordinated Security is one of the
series designated as the “[designation of Subordinated Securities],” limited in
aggregate principal amount to $____________.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
Subordinated Securities may be redeemed at any time at the option of the
Corporation, in whole or in part, upon notice of not more than 60 nor less than
30 days prior to the Redemption Date, at a redemption price equal to the sum of
(i) the principal amount of the Subordinated Securities being redeemed plus
accrued interest thereon to the Redemption Date and (ii) the Make-Whole Amount,
if any, with respect to such Subordinated Securities.

    

    The
following definitions apply with respect to any redemption of the Subordinated
Securities of this series at the option of the Corporation:

    

    “Make-Whole
Amount” means, in connection with any optional redemption or accelerated payment
of any Subordinated Security, the excess, if any, of (i) the aggregate present
value as of the date of such redemption or accelerated payment of each dollar of
principal being redeemed or paid and the amount of interest (exclusive of any
interest accrued to the date of redemption or accelerated payment) that would
have been payable in respect of such dollar if such redemption or accelerated
payment had not been made, determined by discounting, on a semiannual basis,
such principal and interest at the Reinvestment Rate (determined on the third
Business Day preceding the date such notice of redemption is given or
declaration of acceleration is made) from the respective dates on which such
principal and interest would have been payable if such redemption or accelerated
payment had not been made, over (ii) the aggregate principal amount of the
Subordinated Securities being redeemed or paid.

    

    “Reinvestment
Rate” means .25% (one-fourth of one percent) plus the arithmetic mean of the
yields under the respective headings “This Week” and “Last Week” published in
the Statistical Release under the caption “Treasury Constant Maturities” for the
maturity (rounded to the nearest month) corresponding to the remaining life to
maturity, as of the payment date of the principal being redeemed or paid. If no
maturity exactly corresponds to such maturity, yields for the two published
maturities most closely corresponding to such maturity shall be calculated
pursuant to the immediately preceding sentence and the Reinvestment Rate shall
be interpolated or extrapolated from such yields on a straight-line basis,
rounding in each of such relevant periods to the nearest month. For the purposes
of calculating the Reinvestment Rate, the most recent Statistical Release
published prior to the date of determination of the Make-Whole Amount shall be
used.

    

    “Statistical
Release” means the statistical release designated “H.15 (519)” or any successor
publication which is published weekly by the Federal Reserve System and which
establishes yields on actively traded United States government securities
adjusted to constant maturities or, if such statistical release is not published
at the time of any determination under the Indenture, then such other reasonably
comparable index which shall be designated by the Corporation.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    The
Indenture contains provisions for defeasance at any time of (a) the entire
indebtedness of the Corporation on this Subordinated Security and (b) certain
restrictive covenants and the related defaults and Events of Default applicable
to the Corporation, in each case, upon compliance by the Corporation with
certain conditions set forth in the Indenture, which provisions apply to this
Subordinated Security.

    

    If an
Event of Default with respect to the Subordinated Securities shall occur and be
continuing, the principal of, and the Make-Whole Amount, if any, on, the
Subordinated Securities may be declared due and payable in the manner and with
the effect provided in the Indenture.

    

    As
provided in and subject to the provisions of the Indenture, the Holder of this
Subordinated Security shall not have the right to institute any proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for
any other remedy thereunder, unless such Holder shall have previously given the
Trustee written notice of a continuing Event of Default with respect to the
Subordinated Securities, the Holders of not less than 25% in principal amount of
the Subordinated Securities at the time Outstanding shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity and the Trustee
shall not have received from the Holders of a majority in principal amount of
the Subordinated Securities at the time Outstanding a direction inconsistent
with such request, and shall have failed to institute any such proceeding for 60
days after receipt of such notice, request and offer of indemnity. The foregoing
shall not apply to any suit instituted by the Holder of this Subordinated
Security for the enforcement of any payment of principal hereof or any interest
on or after the respective due dates expressed herein.

    

    The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the Corporation
and the rights of the Holders of the Subordinated Securities under the Indenture
at any time by the Corporation and the Trustee with the consent of the Holders
of not less than a majority in principal amount of the Outstanding Subordinated
Securities. The Indenture also contains provisions permitting the Holders of
specified percentages in principal amount of the Subordinated Securities at the
time Outstanding, on behalf of the Holders of all Subordinated Securities, to
waive compliance by the Corporation with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Subordinated Security shall be
conclusive and binding upon such Holder and upon all future Holders of this
Subordinated Security and of any Subordinated Security issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Subordinated
Security.

    

    No
reference herein to the Indenture and no provision of this Subordinated Security
or of the Indenture shall alter or impair the obligation of the Corporation,
which is absolute and unconditional, to pay the principal of, Make-Whole Amount,
if any, on, and interest on this Subordinated Security at the times, place and
rate, and in the coin or currency, herein prescribed.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of this Subordinated Security is registrable in the Security
Register, upon surrender of this Subordinated Security for registration of
transfer at the office or agency of the Corporation in any Place of Payment
where the principal of, Make-Whole Amount, if any, on, and interest on this
Subordinated Security are payable, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Corporation and the Security
Registrar for the Subordinated Securities (the “Security Registrar” duly
executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Subordinated Securities of this series, of authorized
denominations and for the same aggregate principal amount, will be issued to the
designated transferee or transferees.

    

    The
Subordinated Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Subordinated Securities of this series are exchangeable for a like aggregate
principal amount of Subordinated Securities of this series of a different
authorized denomination, as requested by the Holder surrendering the
same.

    

    No
service charge shall be made for any such registration of transfer or exchange,
but the Corporation may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.

    

    Prior to
due presentment of this Subordinated Security for registration of transfer, the
Corporation, the Trustee and any agent of the Corporation or the Trustee may
treat the Person in whose name this Subordinated Security is registered as the
owner hereof for all purposes, whether or not this Subordinated Security be
overdue, and neither the Corporation, the Trustee nor any such agent shall be
affected by notice to the contrary.

    

    The
Holder of this Subordinated Security by the acceptance thereof agrees that the
indebtedness evidenced by this Subordinated Security is subordinated in right of
payment, to the extent and in the manner provided in Article Sixteen of the
Indenture, to the prior payment in full of all Senior Debt and that the
subordination is for the benefit of the holders of Senior Debt. The Holder
hereof authorizes and directs the Trustee on his behalf to take such action as
may be necessary or appropriate to effect such subordination as provided in the
Indenture and appoints the Trustee his attorney-in-fact for such purpose.
“Senior Debt” is defined in the Indenture as the principal of and interest on,
or substantially similar payments to be made by the Corporation in respect of,
the following, whether outstanding at the date of execution of this Indenture or
thereafter incurred, created or assumed: (a) indebtedness of the Corporation for
money borrowed or represented by purchase-money obligations, (b) indebtedness of
the Corporation evidenced by notes, debentures, or bonds, or other securities
issued under the provisions of an indenture, fiscal agency agreement or other
instrument, (c) obligations of the Corporation as lessee under leases of
property either made as part of any sale and lease-back transaction to which the
Corporation is a party or otherwise, (d) indebtedness of partnerships and joint
ventures which is included in the Corporation’s consolidated financial
statements, (e) indebtedness, obligations and liabilities of others in respect
of which the Corporation is liable contingently or otherwise to pay or advance
money or property or as guarantor, endorser or otherwise or which the
Corporation has agreed to purchase or otherwise acquire, and (f) any binding
commitment of the Corporation to fund any real estate investment or to fund any
investment in any entity making such real estate investment; but excluding,
however, (1) any such indebtedness, obligation or liability referred to in
clauses (a) through (f) above as to which, in the instrument creating or
evidencing the same or pursuant to which the same is outstanding, it is provided
that such indebtedness, obligation or liability is not superior in right of
payment to the Subordinated Securities, or ranks pari passu with the
Subordinated Securities, (2) any such indebtedness, obligation or liability
which is subordinated to indebtedness of the Corporation to substantially the
same extent as or to a greater extent than the Subordinated Securities are
subordinated and (3) the Subordinated Securities. As used in the preceding
sentence the term “purchase-money obligations” shall mean indebtedness or
obligations evidenced by a note, debenture, bond or other instrument (whether or
not secured by any lien or other security interest but excluding indebtedness or
obligations for which response is limited to the property purchased) issued or
assumed as all or a part of the consideration for the acquisition of property,
whether by purchase, merger, consolidation or otherwise, but shall not include
any trade accounts payable. A distribution may consist of cash, securities or
other property.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    No
recourse under or upon any obligation, covenant or agreement contained in the
Indenture or in this Subordinated Security, or because of any indebtedness
evidenced thereby, shall be had against any promoter, as such or, against any
past, present or future shareholder, officer or director, as such, of the
Corporation or of any successor, either directly or through the Corporation or
any successor, under any rule of law, statute or constitutional provision or by
the enforcement of any assessment or by any legal or equitable proceeding or
otherwise, all such liability being expressly waived and released by the
acceptance of this Senior Security by the Holder thereof and as part of the
consideration for the issue of the Subordinated Securities.

    

    All terms
used in this Subordinated Security which are defined in the Indenture shall have
the meanings assigned to them in the Indenture.

    

    THE
INDENTURE AND THE SUBORDINATED SECURITIES, INCLUDING THIS SUBORDINATED SECURITY,
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF
NEW YORK.

    

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

    

    Unless
the certificate of authentication hereon has been executed by or on behalf of
the Trustee by manual signature, this Subordinated Security shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Corporation has caused this instrument to be duly executed
under its corporate seal this day of ____________.

    

    MERGE
HEALTHCARE INCORPORATED

    

    
      	
              By:

            	 
      	 
      
	 
      	 
      	 
      
	
              Name:

            	 
      	 
      
	 
      	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	
              Attest:

            	 
      	 
      
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	 
      	 
      	 
      
	
              Name:

            	 
      	 
      
	 
      	 
      	 
      
	
              Title:

            	 
      	 
      

    

    

    [SEAL]

    

     

      6EXHIBIT 10( ii )(i )

     

    AIRCRAFT PURCHASE
AGREEMENT

     

    THIS
AIRCRAFT PURCHASE AGREEMENT is dated as of March 17, 2009 (the “Effective Date”)
among POMEROY IT SOLUTIONS SALES COMPANY, INC., a Delaware corporation and
POMEROY SELECT INTEGRATION SOLUTIONS, INC., a Delaware corporation (each a
“Seller” and collectively, the “Sellers”) and M.G.A. 546 Leasing Corp., a
Delaware corporation (“Buyer”) (the “Agreement”).

     

    RECITALS:

     

    A.          Sellers
are the owner of the Aircraft (as defined below);

     

    B.           Sellers
and Buyer desire to enter into an agreement for the sale of such Aircraft by
Sellers to Buyer.

     

    NOW,
THEREFORE, in consideration of the premises and the mutual covenants and
agreements set forth herein and other good and valuable consideration, receipt
of which is hereby acknowledged, the parties hereto agree as
follows:

     

    1.
           SALE OF
AIRCRAFT.  Subject to the conditions and on the basis of the
representations and warranties set forth in this Agreement, at the Closing (as
defined below), each Seller agrees to sell, convey, transfer, assign and deliver
to Buyer, and Buyer agrees to purchase and acquire from Sellers, for the
Purchase Price (as defined below), all of Sellers’ right, title and interest in
and to that certain 2006 RAYTHEON AIRCRAFT COMPANY HAWKER 850XP aircraft,
bearing Serial Number 258753 and Registration Number N805M, together with all
engines, avionics, documents (including the Aircraft Documents) and equipment
thereto, as more particularly described on Exhibit “A” hereto,
(collectively, the “ Aircraft
”).   Upon execution and delivery of this Agreement, Sellers
shall provide notice to SunTrust Equipment Finance & Leasing Corp.
(“SunTrust”) terminating the Aircraft Lease Agreement to which the Aircraft is
subject and shall use commercially reasonable efforts to cause SunTrust to
execute and deliver such documents and instruments and to take such further
actions as are reasonably necessary to evidence such termination.

     

    2.
           INSPECTION
& ACCEPTANCE

     

    2.1
           Seller shall
make the Aircraft available to Buyer, beginning on or about March 18, 2009 at
the Hawker Beechcraft Service Center at Tampa International Airport (TPA),
Tampa, Florida (the “Inspection Facility”) to enable Buyer to determine that the
Aircraft and all of its parts, components and systems comply with the
requirements of this Agreement, in that with all systems, cabin, galley,
avionics and components airworthy and functioning normally and within the
parameters and tolerances specified by the manufacturer(s), and with all
applicable FAA Airworthiness Directives and mandatory service bulletins complied
with and current through the date of Closing.  The flat rate cost of
the pre-purchase inspection (the “Pre-Purchase Inspection”), the scope of which
shall be identified in Exhibit B, shall be at Buyer’s pre-paid expense, and
shall commence upon arrival of the Aircraft at the Inspection
Facility.  The Pre-Purchase Inspection shall be conducted in
accordance with generally accepted industry standards. Buyer shall accept or
reject the Aircraft within three (3) business days following its receipt of the
Inspection Facility’s report of the discrepancies as a result of the
Pre-Purchase Inspection.

     

    (A)
          If Buyer finds the
Aircraft unacceptable, Buyer will notify Seller in writing that the Aircraft is
unacceptable, withdraw the Deposit from Escrow, and this Agreement shall have no
further force or effect.

     

    (B)
          If Buyer finds the
Aircraft acceptable, Buyer will notify Seller in writing of its technical
acceptance of the Aircraft in the form of Exhibit C, Aircraft Technical
Acceptance Notification.   A copy of the executed Exhibit C shall
be forwarded to the Escrow Agent to make the Deposit
nonrefundable.   Buyer’s acceptance of the Aircraft shall include
a list of airworthiness discrepancies which must be rectified and performed in
order for the Aircraft to comply with the terms and conditions of this
Agreement. Upon receipt of the executed Exhibit C Seller will at its expense
cause the Inspection Facility to repair all airworthiness discrepancies (the
“Discrepancies”) which render the Aircraft in non-compliance with the terms of
this Agreement ; provided, however, that within three (3) business days
following receipt of such list of airworthiness discrepancies, Seller may
terminate this Agreement in which case, the Deposit shall be refunded to Buyer,
Seller shall reimburse the Buyer the flat rate cost of the Inspection in the sum
of US$20,450, and this Agreement shall have no further force or
effect.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (C)
          If Seller is not in
receipt of the Aircraft Technical Acceptance Notification or written notice of
rejection of the Aircraft within the allotted three ( 3 ) business days
following completion of the Pre-Purchase Inspection, this Agreement shall become
null and void and the Deposit shall be refunded to the Buyer.

     

    2.2
          Following Aircraft
return-to-service, the Seller shall conduct a one-hour pre-closing test flight
of the Aircraft (at Buyer’s expense for fuel), with not more than three of
Buyer’s representatives aboard, to confirm that the Aircraft is in Delivery
Condition (the “Test Flight”). Notwithstanding the presence of Buyer’s
representatives, Seller and Seller’s pilots shall be in operational control of
the Aircraft at all times prior to, during and immediately following such Test
Flight.   If the Aircraft is not in substantially the same condition
as at the time of the Pre-Purchase Inspection (other than correction or repair
of any identified airworthiness discrepancies) , it will be returned to the
Inspection Facility for further repairs at Seller’s expense followed by another
Test Flight.

     

    3.
           DELIVERY

     

    3.1
           Delivery
..  Sellers shall cause, at Buyer’s sole cost and expense (for fuel and
the hourly cost of the maintenance program), the delivery of the Aircraft to
Charlotte Douglas International Airport (CLT) in South Carolina or another
airport reasonably acceptable to Sellers (the “ Delivery ”) on or
before 1:00 p.m. (Eastern Standard Time) on the later of April 30, 2009 or two
(2) business days following successful completion of the Test Flight (the date
of such Delivery, “ Closing Date
”).  Sellers covenant and agree that the Aircraft shall be delivered
with (all of which shall constitute “Delivery Condition”):

     

    (A)
           a United
States Certificate of Airworthiness;

     

    (B)
           all engines,
avionics and equipment, and substantially and materially in that operating and
physical condition, as existed at the expiration of the Inspection
Period;

     

    (C)
           those original
log books, records, maintenance manuals, and flight manuals of the Aircraft as
existed at the time of the Inspection Period to the extent Sellers have such
documents in their possession, including but not limited to all records relating
or required to be maintained with respect to the Aircraft, all airframe, engine,
interior and accessory logbooks, weight and balance manuals, equipment and
system operating manuals, overhaul records, maintenance records (with complete
FAA f or ms 8110-2, 8110-3, IFCA and STCs f or all installations) , maintenance
contracts, airframe and Aircraft component warranties, engines warranties,
avionics warranties, wiring diagrams, burn certificates, type certificate
documents, drawings, data, and all issued FAA Form 337's, and any and all
supporting technical documentation or other technical information in Seller’s
possession or under its control which relate specifically to the Aircraft (e.g.,
any supplements to any of the foregoing and all "yellow tag" or comparable
documents associated with the Aircraft or any part or component which requires
original installation and/or life limitation traceability), all of which shall
be true, correct, and complete (the “Aircraft Documents”);

     

    (D)             - with no
title clouds, notations, liens and/or encumbrances, unless created by Buyer,
which warranty of clear title shall survive Closing and Aircraft
delivery;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (E)            
- with Honeywell’s MSP power by the hour engines and auxiliary power unit
maintenance program in full force and effect, paid up and current through the
date of delivery, and transferable to Buyer upon Buyer’s payment of the
program’s administrative transfer fee; and

     

    (F)            
- with the CAMP computerized maintenance program in full force and
effect, paid up and current through the date of delivery, and transferable to
Buyer upon Buyer’s payment of the program’s administrative transfer
fee.

     

    4.
           PURCHASE
PRICE; CLOSING

     

    4.1
           Purchase Price
..  For and in consideration of the sale of the Aircraft by Sellers to
Buyer, Buyer shall pay to Sellers the aggregate amount of Eight Million Two
Hundred Thousand and 00/100 United States Dollars ($8,200,000) (the “ Purchase Price
”).

     

    4.2
           Delivery of Purchase
Price .  On the Closing Date, Buyer shall deliver the Purchase
Price to the Escrow Agent’s (specified on Schedule 1) account.  Upon
the execution hereof, Buyer shall pay to the account of the Escrow Agent, the
amount of One Hundred Thousand and 00/100 United States Dollars ($100,000) (the
“ Deposit ”) to
be held and paid in accordance with the terms hereof.  All payments
required to be made hereunder shall be made by wire transfer of immediately
available funds to the applicable account.

     

    4.3
           Closing Deliverables
..  On or before the Closing Date:

     

    (A)
           Sellers shall
deliver to Buyer, or Escrow Agent (i) a Lease Termination executed by Sellers
and SunTrust and evidence of the termination of any international interest in
favor of SunTrust, (ii) an FAA Bill of Sale duly executed by Sellers, (iii) such
assignments as are reasonably necessary to transfer Sellers’ right and interest
in the MSP service plan for the engines and the APU, in each case, if presently
enrolled and (iv) Sellers’ administrator’s or Professional User Entity ’s
consent for the purpose of registering Buyer’s contract of sale interest in the
Aircraft’s airframe and engines, and (v) such other instruments and documents as
are reasonably necessary and required by Buyer to complete the transactions
contemplated hereby, including, without limitation, the execution of any and all
documents required by any Governmental Authorities to facilitate the transfer of
the Aircraft; and

     

    (B)
           Buyer shall
deliver to Sellers or the Escrow Agent (i) an FAA Registration Application duly
executed by Buyer or the Owner Trustee of a trust established by the Buyer, (ii)
an Acceptance Certificate substantially in the form of Exhibit B and (iii) such
other instruments and documents as are reasonably necessary and required by
Sellers to complete the transactions contemplated hereby, including, without
limitation, the execution of any and all documents required by any Governmental
Authorities to facilitate the transfer of the Aircraft and evidence of the
payment of, or exemption from the payment of, all amounts referred to in
Sections 4.5(A) and 8.1.

     

    4.4
          On the Closing date,
Buyer shall acknowledge receipt and delivery of the Aircraft and Seller and
Buyer shall execute and deliver to each other a Delivery Receipt in the form
attached hereto as Exhibit D, at which time Buyer and Seller shall ask the
Escrow Agent to (i) transfer the Purchase Price, less Sellers’ share of the
Escrow Agent’s fees, to Seller; (ii) date and file the Lease Termination, FAA
Bill of Sale and any and all other documents necessary to convey good and
marketable title to the Aircraft to Buyer free and clear of any and all liens
and encumbrances, and (iii) register Buyer’s contract of sale interest in the
Aircraft’s airframe and engines (collectively, the “Closing”).

     

    4.5
           Costs
..  Costs and expenses relating to the transactions contemplated by
this Agreement shall be borne and paid as follows:

     

    (A)
           all transfer
taxes, registration fees, use and excise taxes, import or export taxes, sales
taxes, or any other similar taxes, if any, relating to the purchase and sale of
the Aircraft shall be borne and paid for solely by Buyer;

     

    (B)
           all fees and
expenses of Escrow Agent shall be borne and paid for fifty percent by Buyer and
fifty percent by Sellers; and

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (C)
           except as
otherwise specifically provided in this Agreement, Sellers and Buyer shall each
bear their own costs and expenses arising out of the negotiation, preparation,
execution, delivery and performance of this Agreement, including, without
limitation, any filing fees and costs of any Governmental Authority or by the
consummation of the transactions contemplated herein, including, without
limitation, legal and accounting fees and expenses.

     

    5.
           SELLERS
DISCLAIMER OF WARRANTY

     

    EXCEPT AS
EXPRESSLY SET FORTH HEREIN, BUYER ACKNOWLEDGES THAT IT IS PURCHASING THE
AIRCRAFT IN AN “AS IS, WHERE IS” CONDITION AND SELLERS DO NOT MAKE, HAVE NOT
MADE, NOR SHALL BE DEEMED TO MAKE OR HAVE MADE, ANY WARRANTY OR REPRESENTATION,
EITHER EXPRESS OR IMPLIED, WRITTEN OR ORAL, WITH RESPECT TO THE AIRCRAFT OR ANY
COMPONENT THEREOF, OR ANY ENGINE, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS
TO CONDITION, AIRWORTHINESS, DESIGN, COMPLIANCE WITH SPECIFICATIONS, QUALITY OF
MATERIALS OR WORKMANSHIP, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, USE
OR OPERATION, SAFETY, PATENT, TRADEMARK OR COPYRIGHT INFRINGEMENT.

     

    6.
           SELLERS’
REPRESENTATION AND WARRANTIES

     

    6.1
           Sellers’ Representation and
Warranties .  Each Seller hereby represents and warrants to
Buyer as of the Effective Date and as of the Closing Date that as to
itself:

     

    (A)
           it is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware and has the power and authority to execute and deliver,
and perform its obligations under, this Agreement;

     

    (B)
           this Agreement
and the transactions contemplated hereby have been duly authorized by all
necessary actions and this Agreement constitutes its valid and binding
obligation, enforceable in accordance with its terms;

     

    (C)
           its execution
and delivery of, and performance of its obligations under, this Agreement shall
not (i) conflict with the Articles of Incorporation or by-laws of such Seller,
(ii) violate any Applicable Law, or (iii) either alone or with the giving of
notice or the passage of time, result in a material breath of, or constitute a
material default under, any of its material agreement, arrangement or
commitment;

     

    (D)
           it has not
received actual notice of any action, suit, proceeding or claim affecting the
Aircraft, or affecting it and relating to or arising out of the ownership,
operation or use of the Aircraft, nor to its actual knowledge, has any such
action, suit, proceeding or claim been threatened or asserted; and

     

    (E)
           as of the
Closing Date, its interest in the Aircraft shall be conveyed by it to Buyer free
and clear of any liens, claims, encumbrances, pledges, mortgages and security
interests created by or arising through Sellers’ acts or omissions, which
representation and warranty will survive Closing and Aircraft
delivery.

     

    7.
           BUYER’S
REPRESENTATIONS AND WARRANTIES.  Buyer hereby represents and warrants
to each Seller as of the Effective Date and as of the Closing Date
that:

     

    (A)
           Buyer is
a  corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware and has the power and authority to
execute and deliver, and perform its obligations under, this
Agreement;

     

    (B)
           this Agreement
and the transactions contemplated hereby have been duly authorized by all
necessary actions of Buyer and this Agreement constitutes the valid and binding
obligation of Buyer, enforceable in accordance with its terms;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     (C)
           Buyer’s
execution and delivery of, and performance of its obligations under, this
Agreement shall not (i) conflict with the Articles of Organization or the
Operating Agreement of Buyer, (ii) violate any Applicable Law, or (iii) either
alone or with the giving of notice or the passage of time, result in a material
breath of, or constitute a material default under, any material agreement,
arrangement or commitment of Buyer;

     

    (D)
           the Buyer is
being given adequate access and opportunity to inspect, analyze and evaluate the
Aircraft, all documents, records and reports relating thereto (the “Aircraft
Documents”) and adequate access to conduct the Inspection and to conduct other
investigations that the Buyer has deemed necessary, and the Buyer will close the
transactions contemplated by this Agreement based on such Inspection, analysis,
evaluation and investigations and not in reliance (in whole or in part) on any
representation, warranty or covenant by the Sellers, express or implied, that is
not specifically set forth in this Agreement;

     

    (E)
           in conjunction
with its attorneys and advisors, the Buyer has made its own independent
evaluation of each aspect of the transactions contemplated by this Agreement and
the Aircraft, the Aircraft Documents, and the Inspection including without
limitation: (1) the existence of, title to, liens and encumbrances on, physical
condition of and the value of the Aircraft, and (2) the compliance of the
Aircraft with laws, ordinances, governmental rules and regulations, and
obligations owed to and conditions in favor of third-parties; and

     

    (F)
           On the Closing
Date, BUYER WILL TAKE AND ACCEPT THE AIRCRAFT “AS IS” AND “WHERE IS,” WITHOUT
RECOURSE TO OR WARRANTY BY SELLERS, except the warranty of clear title, which
will survive Closing and Aircraft delivery.

     

    8.
           TAXES

     

    8.1
          Buyer shall be
responsible for any sales, use or similar transfer taxes (including all
penalties, interest or other charges thereon) assessed on the sale or delivery
of the Aircraft by Sellers to Buyer or on Buyer’s ownership or use of the
Aircraft after the Closing.  In the event applicable law requires a
seller of an aircraft to collect any such taxes from a buyer of an aircraft,
Buyer shall either timely remit to Sellers such taxes or provide to Sellers a
certificate of exemption incompliance with applicable law evidencing Buyer’s
exemption from such taxes.  If any such sales, use, or similar tax is
assessed against or imposed upon Sellers, Sellers shall promptly notify
Buyer.  Sellers shall permit Buyer, at its sole cost and expense, to
contest such tax and shall make reasonable efforts to cooperate with Buyer to
exercise such contest rights, provided Buyer fully indemnifies Sellers from any
and all loss or expense as a result of Buyer’s contest.

     

    9.
           TERMINATION

     

    9.1
          This Agreement may
be terminated only as follows: (i) by written agreement of Buyer and Sellers at
any time before the Closing Date; (ii) by Buyer, pursuant to Section 2.1(A), or
if the conditions specified in Section 3.1 and/or Section 4.3(A) have not been
waived by Buyer or satisfied by the final date specified in Section 3.1 for the
Closing Date or by Seller pursuant to Section 2.1(B) ; (iii) by Sellers, if the
conditions specified in Section 4.3(B) have not been waived or satisfied by the
final date specified in Section 3.1 for the Closing Date; (iv) by either party,
if the other party refuses to close the transactions on the Closing Date or
otherwise materially breaches its obligations under this Agreement or (v) by
either party if a Casualty Event (as defined below) occurs.  As used
herein, Casualty Event shall mean any of the following events with respect to
the Aircraft:  (A) loss of the Aircraft or the use thereof due to
theft, disappearance, destruction, damage beyond economic repair or rendition of
such Aircraft permanently unfit for use for any reason whatsoever, (B) any
damage to the Aircraft, or (C) the condemnation, confiscation, appropriation or
seizure of, or requisition of title to the Aircraft or the use of the Aircraft
by or on the authority of any governmental authority or purported governmental
authority.

     

    9.2
          If this Agreement is
terminated by either or both parties pursuant to Section 2.1 or clauses (i),
(ii) or (v) of Section 9.1, then the Deposit, plus any interest accrued thereon,
shall be returned to Buyer within one (1) business day, and neither party shall
have any further obligations under this Agreement to the other.  If
Buyer is not then in default (other than a default that arises as a result of or
in connection with a preceding default by Sellers) and this Agreement is
terminated by Buyer pursuant to clause (iv) of Section 9.1, then the Deposit,
plus any interest accrued thereon, shall be returned to Buyer within one (1)
business day, without prejudice to Buyer’s right to pursue any other available
remedy.  If Sellers are not then in default (other than a default that
arises as a result of or in connection with a preceding default by Buyer) and
this Agreement is terminated by Sellers pursuant to clause (iii) or (iv) of
Section 9.1, then the Deposit, plus any interest accrued thereon, shall be
retained by Sellers as liquidated damages but not as a penalty, which shall be
Sellers’ sole and exclusive remedy for Buyer’s breach of this
Agreement.  Buyer and Sellers agree that the damages that would be
suffered if Buyer defaults in its obligation to close the transactions as
provided under this Agreement would be extremely difficult and impractical to
ascertain, and that the Deposit represents the parties’ reasonable estimate of
the amount of the damages that Sellers would suffer by reason of such a
default.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    10.
          INDEMNIFICATION

     

    10.1
         Sellers’ Indemnification of
Buyer .

     

    (A)
            Buyer’s Claim
..  Subject to the terms and conditions of this Article 10, for a
period of six (6) months from and after the Closing, each
Seller  hereby agrees to indemnify, defend and hold harmless Buyer and
its Affiliates (as defined below), officers, directors, managers, agents,
representatives, contractors, subcontractors or employees (collectively, “ Buyer Indemnitees ”),
from, against, for and in respect of any and all claims, losses, expenses,
obligations, liabilities, liens, demands, charges, litigation and judgments,
including, without limitation, court costs and reasonable attorneys’ fees (a “
Claim ”),
arising directly or indirectly from:

     

    (i)
           such Seller’s
fraudulent or grossly negligent inaccuracy in any representation or warranty of
such Seller contained in or made pursuant to this Agreement, or the breach by
such Seller of any covenant or agreement made in or pursuant to this
Agreement;

     

    (ii)
           pursuant to
the terms of Section 4.4 hereof, such Seller’s failure to pay  those
costs to be borne by such Seller; and

     

    (iii)
         pursuant to the terms of
Section 11.8 hereof, such Seller’s failure to pay the brokers’ or agents’ fees
that are the responsibility of such Seller.

     

    (B)
            Defense of a Claim
..  Buyer shall notify the applicable Seller of any Claim and such
Seller may and, upon Buyer’s request, shall, at such Seller’s sole cost and
expense, defend such Claim, or cause the same to be defended by counsel
designated by such Seller and reasonably approved by Buyer.

     

    (C)         
  Limitation on
Sellers’ Indemnification Obligations .  Each Seller’s
obligations pursuant to the provisions of this Section 10.1 are limited by, and
Buyer Indemnitees shall not be entitled to recover under this Section
10.1:

     

    (i)
           if a Claim has
not been asserted by notice, specifying the details of the alleged cause of such
Claim, and delivered to the applicable Seller on or prior to the date six (6)
months after the Closing Date;

     

    (ii)
          with respect to a
fraudulent or grossly negligent inaccuracy in any representation or warranty of
such Seller contained herein, if at or before the Closing Date, Buyer
Indemnitees had actual knowledge thereof; or

     

    (iii)
         to the extent the subject
matter of the Claim is covered by insurance.

     

    10.2
         Buyer’s Indemnification of
Sellers .

     

    (A)
            Seller’s Claim
..  Subject to the terms and conditions of this Article 10, for a
period of six (6) months from and after the Closing, Buyer hereby agrees to
indemnify, defend and hold harmless each Seller and its Affiliates, officers,
directors, managers, agents, representatives, contractors, subcontractors or
employees (collectively “ Seller Indemnitees ”)
from, against, for and in respect of any and all Claims arising directly or
indirectly from:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     (i)
           Buyer’s
fraudulent or grossly negligent inaccuracy in any representation or warranty of
Buyer contained in or made pursuant to this Agreement, or the breach by Buyer of
any covenant or agreement made in or pursuant to this Agreement;

     

    (ii)
           pursuant to
the terms of Sections 4.4 and 8.1 hereof, Buyer’s failure to pay those costs to
be borne by Buyer; and

     

    (iii)
         pursuant to the terms of
Section 11.8 hereof, Buyer’s failure to pay those brokers’ or agents’ fees, if
any, that are the responsibility of Buyer.

     

    (B)
            Defense of a Claim
..  Each applicable Seller shall notify Buyer of any Claim and Buyer
may and, upon such Seller’s request, shall, at Buyer’s sole cost and expense,
defend such Claim, or cause the same to be defended by counsel designated by
Buyer and reasonably approved by such Seller.

     

    (C)
            Limitation on Buyer’s
Indemnification Obligations .  Buyer’s obligations pursuant to
the provisions of this Section 10.2 are limited by, and Buyer Indemnitees shall
not be entitled to recover under Section 10.1:

     

    (i)
           if a Claim has
not been asserted by notice, specifying the details of the alleged cause of such
Claim, and delivered to Buyer on or prior to the date six (6) months after the
Closing Date;

     

    (ii)
          with respect to a
fraudulent or grossly negligent inaccuracy in any representation or warranty of
Buyer contained herein, if at or before the Closing Date the applicable Seller
Indemnitees had actual knowledge thereof; or

     

    (iii)
         to the extent the subject
matter of the Claim is covered by insurance.

     

    (D)
           At all times
after the Closing Date, Buyer hereby agrees to indemnify, defend and hold
harmless each Seller Indemnitee from, against, for and in respect of any and all
Claims arising directly or indirectly from the care, control, use, operation
maintenance, ownership or registration of the Aircraft, unless such Seller
Indemnitee’s liability or prospective liability is alleged to have arisen from
an act or omission of any Seller Indemnitee.

     

    10.3
         Limitation of
Liability .  IN NO EVENT WILL ANY PARTY OR ANY OF THEIR
RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, AGENTS, REPRESENTATIVES,
CONTRACTORS, SUBCONTRACTORS, OR EMPLOYEES HAVE ANY LIABILITY TO THE OTHER PARTY
FOR LOSSES WHICH ARE INCIDENTAL, SPECIAL, CONSEQUENTIAL, INDIRECT OR
PUNITIVE.  NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY TO THE
EXTENT THAT SUCH OTHER PARTY HAS RECEIVED, OR IS ENTITLED TO RECEIVE, PAYMENT
FOR SUCH A CLAIM FROM ANOTHER SOURCE, AND ANY PAYMENT OBLIGATION PAYABLE BY A
PARTY SHALL BE NET OF INSURANCE PROCEEDS AVAILABLE TO THE OTHER
PARTY.

     

    11.
          MISCELLANEOUS
PROVISIONS

     

    11.1
         Notice .

     

    (A)
           All notices
and communications required or permitted under this Agreement must be in writing
and will be deemed to have been sufficiently given or made on actual receipt
during normal business hours (or if received other than during normal business
hours, on the beginning of the next business day) by the intended recipient
(regardless of the manner of delivery, including without limitation, by
telecopier, delivery service, mail or hand delivery); provided however, that a
notice or other communication sent by U.S. mail will be deemed to have been
received on the third business day following the depositing thereof in the U.S.
mails, first class postage prepaid and addressed to the intended recipient at
the address set forth in this Section 11.1(B)
..

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     (B)
           Notice and
communications required or permitted pursuant under this Agreement will be
delivered at the following addresses:

     

    If to the
Buyer:

     

    
                           To:         M.G.A. 546 Leasing
Corp.

    

    c/o
Aviation Legal Group, P.A.

    5525 NW
15 th Avenue,
Suite 200

    Fort
Lauderdale, FL 33309

    Attention:
Scott C. Burgess

    Telephone:
954-763-5565

    Fax:
954-763-8488

    

    If to the
Sellers:

     

    
                           To:         1020 Petersburg
Road

    

    Hebron,
KY 41048

    Attention:
Ms. Kristi P. Nelson, General Counsel

    Telephone:
(859) 586-0600

    Fax:
(859) 285-3475

     

    The
Sellers and the Buyer may change their respective addresses set forth in Section 11.1(B) , by
a written notice of such change to the other that is delivered at least 10 days
prior to the effective date of such change.

     

    11.2
         Time
..  Time is of the essence hereof.

     

    11.3
         Agreement Negotiated
..  The parties are sophisticated and have been represented or had the
opportunity to be represented in connection with the negotiation and performance
of this Agreement.  Consequently, the parties do not believe that any
presumptions relating to the interpretation of contracts against the drafter of
any particular clause should be applied in this case and, therefore, waive their
effects.

     

    11.4
         Entire Agreement
..  This Agreement contains the entire understanding and agreement
between the Sellers and the Buyer and supersedes all prior understandings,
agreements, warranties, representations and communications between the Sellers
and the Buyer with respect to the subject matter hereof.

     

    11.5
         Amendments
..  This Agreement can be amended only by a writing signed by the
Sellers and the Buyer.

     

    11.6
         Assignments
..  The Buyer may not assign this Agreement or any right hereunder
without Sellers’ consent.

     

    11.7
         Third-Party
Beneficiaries .  This Agreement is for the sole benefit of the
Sellers and the Buyer and their successors and permitted
assigns.  Neither this Agreement nor the transactions contemplated by
this Agreement or any agreement, instrument or document created, signed or
delivered pursuant hereto will create in any other person any right, benefit or
interest with respect to the Aircraft, the Aircraft Documents or any amount
payable pursuant thereto, or otherwise.

     

    11.8
         Brokerage Commission
..  Buyer and each Seller shall promptly pay any finder’s fees,
commissions or other similar fees arising out of any contract or other
arrangement entered into by Buyer or such Seller in respect of the
Aircraft.  Each Seller will be responsible for its Pro-Rata Share of
any amounts due from Sellers in respect of any such finder’s fees, commissions
or other fees

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    11.9                      
Waiver
..  The failure of any party to enforce any of its rights hereunder or
at law shall not be deemed a waiver or a continuing waiver of any of its rights
or remedies against the other party, unless such failure or waiver is in
writing.

     

    11.10
                     
Counterparts
..  This Agreement may be executed in several counterparts that
together shall be originals and constitute one and the same
instrument.  This Agreement may be executed by facsimile or other
electronic transmission with the same effect as an original
signature.  Each of Buyer and Sellers shall promptly exchange
originally executed counterparts of this Agreement upon execution
thereof.

     

    11.11
                     
Construction
..  This Agreement will be construed without reference as to who
prepared it.

     

    11.12
                     
Confidentiality
..  Each party shall keep the financial terms of this Agreement
confidential, provided that it may disclose this Agreement if required to do
so:

     

    (A)
           for the
purpose of legal proceedings, administrative or regulatory requirements or as
otherwise required by law;

     

    (B)
           to effect any
registrations, filings or recordations required by or pursuant to this
Agreement;

     

    (C)
           for the
purpose of disclosure to its auditors or to its legal or other professional
advisers; or

     

    (D)
           for
performance of its obligations under this Agreement.

     

    11.13
                     
Controlling Law
..  THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF OKLAHOMA WITHOUT REFERENCE TO THE CONFLICTS OF LAW
PROVISIONS THEREOF.

     

    11.14
                     
Consent to
Jurisdiction; Waiver Of Jury Trial .  Any judicial proceeding
brought arising out of or resulting from this Agreement shall be brought
exclusively in any court of competent jurisdiction in Oklahoma and, by execution
and delivery of this Agreement, each Seller and Buyer (a) accepts, generally and
unconditionally, the exclusive jurisdiction of such courts and any related
appellate court and irrevocably agrees to be bound by any judgment rendered
thereby in connection with this Agreement and (b) irrevocably waives any
objection it may now or hereafter have as to the venue of any such proceeding
brought in such a court or that such a court is an inconvenient
forum.  EACH SELLER AND BUYER HEREBY WAIVE TRIAL BY JURY IN ANY
JUDICIAL PROCEEDING INVOLVING ANY CLAIM RELATED TO OR ARISING OUT OF THIS
AGREEMENT.

     

    11.15
                     
Binding Effect
..  This Agreement will be binding on the Sellers and the Buyer and
will inure to the benefit of their successors and permitted
assigns.

     

     [Remainder
of page intentionally left blank.  Signatures to
follow.]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the
day and year first above written by their respective officers or agents
thereunto duly authorized.

     

    
      	
              POMEROY
      IT SOLUTIONS SALES COMPANY, INC.

            
	
              POMEROY
      SELECT INTEGRATION SOLUTIONS, INC.

            
	 
      
	
              By:  /s/
      Christopher C. Froman

            
	
              Name:   Christopher
      C. Froman

            
	
              Title:     President

            
	 
      
	
              M.G.A.
      546 LEASING CORP.

            
	 
      
	
              By:  /s/
      Jessica Schwieterman

            
	
              Name:   Jessica
      Schwieterman 

            
	
              Title:     President

            

    

     

    The
Escrow Agent is signing this Agreement only to evidence its consent to the
escrow instructions described herein.

     

    
      
        
          
            
              
                	
                        Escrow
      Agent:

                      
	
                        INTERNATIONAL
      TITLE & ESCROW

                      
	 
      
	
                        By:

                      	 
      
	
                        Print:

                      	 
      
	
                        Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]