Document:

exv4w3

 

Exhibit 4.3

ARBITRON INC., AS PRIMARY OBLIGOR,

AND

[______________], AS TRUSTEE

INDENTURE

DATED AS OF ____________, 2002

Senior 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
	 	 	12	 	 	 	 	 
	 	SECTION 103. Form of Documents Delivered to Trustee
	 	 	13	 	 	 	 	 
	 	SECTION 104. Acts of Holders
	 	 	13	 	 	 	 	 
	 	SECTION 105. Notices to Trustee and Company
	 	 	15	 	 	 	 	 
	 	SECTION 106. Notice to Holders; Waiver
	 	 	15	 	 	 	 	 
	 	SECTION 107. Effect of Headings and Table of Contents
	 	 	16	 	 	 	 	 
	 	SECTION 108. Successors and Assigns
	 	 	16	 	 	 	 	 
	 	SECTION 109. Separability Clause
	 	 	16	 	 	 	 	 
	 	SECTION 110. Benefits of Indenture
	 	 	17	 	 	 	 	 
	 	SECTION 111. No Personal Liability
	 	 	17	 	 	 	 	 
	 	SECTION 112. Governing Law
	 	 	17	 	 	 	 	 
	 	SECTION 113. Legal Holidays
	 	 	17	 	 	 	 	 
	 	SECTION 114. Counterparts
	 	 	18	 	 	 	 	 
	 
	ARTICLE TWO SECURITIES FORMS
	 	 	18	 	 	 	 	 
	 	SECTION 201. Forms of Securities
	 	 	18	 	 	 	 	 
	 	SECTION 202. Form of Trustee’s Certificate of Authentication
	 	 	18	 	 	 	 	 
	 	SECTION 203. Securities Issuable in Global Form
	 	 	19	 	 	 	 	 
	 
	ARTICLE THREE THE SECURITIES
	 	 	20	 	 	 	 	 
	 	SECTION 301. Amount Unlimited; Issuable in Series
	 	 	20	 	 	 	 	 
	 	SECTION 302. Denominations
	 	 	23	 	 	 	 	 
	 	SECTION 303. Execution, Authentication, Delivery and Dating
	 	 	24	 	 	 	 	 
	 	SECTION 304. Temporary Securities
	 	 	26	 	 	 	 	 
	 	SECTION 305. Registration, Registration of Transfer and Exchange
	 	 	28	 	 	 	 	 
	 	SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities
	 	 	31	 	 	 	 	 
	 	SECTION 307. Payment of Interest; Interest Rights Preserved
	 	 	33	 	 	 	 	 
	 	SECTION 308. Persons Deemed Owners
	 	 	35	 	 	 	 	 
	 	SECTION 309. Cancellation
	 	 	35	 	 	 	 	 
	 	SECTION 310. Computation of Interest
	 	 	36	 	 	 	 	 
	 	SECTION 311. CUSIP Numbers
	 	 	36	 	 	 	 	 
	 
	ARTICLE FOUR SATISFACTION AND DISCHARGE
	 	 	36	 	 	 	 	 
	 	SECTION 401. Satisfaction and Discharge of Indenture
	 	 	36	 	 	 	 	 
	 	SECTION 402. Application of Trust Funds
	 	 	38	 	 	 	 	 
	 
	ARTICLE FIVE REMEDIES
	 	 	38	 	 	 	 	 
	 	SECTION 501. Events of Default
	 	 	38	 	 	 	 	 
	 	SECTION 502. Acceleration of Maturity; Rescission and Annulment
	 	 	40	 	 	 	 	 
	 	SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	41	 	 	 	 	 
	 	SECTION 504. Trustee May File Proofs of Claim
	 	 	42	 	 	 	 	 
	 	SECTION 505. Trustee May Enforce Claims Without Possession of
Securities or Coupons
	 	 	42	 	 	 	 	 
	 	SECTION 506. Application of Money Collected
	 	 	43	 	 	 	 	 	 

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	 	 	SECTION 507. Limitation on Suits
	 	 	43	 	 	 	 	 
	 	 	SECTION 508. Unconditional Right of Holders to Receive
Principal, Premium, Interest and Additional Amounts
	 	 	44	 	 	 	 	 
	 	 	SECTION 509. Restoration of Rights and Remedies
	 	 	44	 	 	 	 	 
	 	 	SECTION 510. Rights and Remedies Cumulative
	 	 	44	 	 	 	 	 
	 	 	SECTION 511. Delay or Omission Not Waiver
	 	 	45	 	 	 	 	 
	 	 	SECTION 512. Control by Holders of Securities
	 	 	45	 	 	 	 	 
	 	 	SECTION 513. Waiver of Past Defaults
	 	 	45	 	 	 	 	 
	 	 	SECTION 514. Waiver of Usury, Stay or Extension Laws
	 	 	46	 	 	 	 	 
	 	 	SECTION 515. Undertaking for Costs
	 	 	46	 	 	 	 	 
	 
	ARTICLE SIX THE TRUSTEE
	 	 	46	 	 	 	 	 
	 	 	SECTION 601. Notice of Defaults
	 	 	46	 	 	 	 	 
	 	 	SECTION 602. Certain Rights of Trustee
	 	 	47	 	 	 	 	 
	 	 	SECTION 603. Not Responsible for Recitals or Issuance of Securities
	 	 	48	 	 	 	 	 
	 	 	SECTION 604. May Hold Securities
	 	 	48	 	 	 	 	 
	 	 	SECTION 605. Money Held in Trust; Trustee Permitted Investments
	 	 	48	 	 	 	 	 
	 	 	SECTION 606. Compensation and Reimbursement
	 	 	49	 	 	 	 	 
	 	 	SECTION 607. Trustee Eligibility; Conflicting Interests
	 	 	50	 	 	 	 	 
	 	 	SECTION 608. Resignation and Removal; Appointment of Successor
	 	 	50	 	 	 	 	 
	 	 	SECTION 609. Acceptance of Appointment by Successor
	 	 	52	 	 	 	 	 
	 	 	SECTION 610. Merger, Conversion, Consolidation or Succession to Business
	 	 	53	 	 	 	 	 
	 	 	SECTION 611. Appointment of Authenticating Agent
	 	 	53	 	 	 	 	 
	 
	ARTICLE SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	 	55	 	 	 	 	 
	 	 	SECTION 701. Disclosure of Names and Addresses of Holders
	 	 	55	 	 	 	 	 
	 	 	SECTION 702. Reports by Trustee
	 	 	55	 	 	 	 	 
	 	 	SECTION 703. Reports by Company
	 	 	55	 	 	 	 	 
	 	 	SECTION 704. Company to Furnish Trustee Names and Addresses of Holders
	 	 	56	 	 	 	 	 
	 
	ARTICLE EIGHT CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE
	 	 	57	 	 	 	 	 
	 	 	SECTION 801. Consolidations and Mergers of Company and Sales,
Leases and Conveyances
	 	 	57	 	 	 	 	 
	 	 	SECTION 802. Rights and Duties of Successor Entity
	 	 	57	 	 	 	 	 
	 	 	SECTION 803. Company Certificate and Opinion of Counsel
	 	 	58	 	 	 	 	 
	 
	ARTICLE NINE SUPPLEMENTAL INDENTURES
	 	 	58	 	 	 	 	 
	 	 	SECTION 901. Supplemental Indentures Without Consent of Holders
	 	 	58	 	 	 	 	 
	 	 	SECTION 902. Supplemental Indentures with Consent of Holders
	 	 	60	 	 	 	 	 
	 	 	SECTION 903. Execution of Supplemental Indentures
	 	 	61	 	 	 	 	 
	 	 	SECTION 904. Effect of Supplemental Indentures
	 	 	61	 	 	 	 	 
	 	 	SECTION 905. Conformity with Trust Indenture Act
	 	 	61	 	 	 	 	 
	 	 	SECTION 906. Reference in Securities to Supplemental Indentures
	 	 	61	 	 	 	 	 
	 	 	SECTION 907. Notice of Supplemental Indentures
	 	 	61	 	 	 	 	 

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	ARTICLE TEN COVENANTS
	 	 	 	 	 	 	62	 
	 	SECTION 1001. Payment of Principal, Premium, Interest and Additional Amounts
	 	 	 	 	 	 	62	 
	 	SECTION 1002. Maintenance of Office or Agency
	 	 	 	 	 	 	62	 
	 	SECTION 1003. Money for Securities Payments to Be Held in Trust
	 	 	 	 	 	 	64	 
	 	SECTION 1004. Existence
	 	 	 	 	 	 	65	 
	 	SECTION 1005. Maintenance of Property
	 	 	 	 	 	 	65	 
	 	SECTION 1006. Insurance
	 	 	 	 	 	 	66	 
	 	SECTION 1007. Payment of Taxes and Other Claims
	 	 	 	 	 	 	66	 
	 	SECTION 1008. Statement as to Compliance
	 	 	 	 	 	 	66	 
	 	SECTION 1009. Additional Amounts
	 	 	 	 	 	 	66	 
	 	SECTION 1010. Waiver of Certain Covenants
	 	 	 	 	 	 	67	 
	 
	ARTICLE ELEVEN REDEMPTION OF SECURITIES
	 	 	 	 	 	 	68	 
	 	SECTION 1101. Applicability of Article
	 	 	 	 	 	 	68	 
	 	SECTION 1102. Election to Redeem; Notice to Trustee
	 	 	 	 	 	 	68	 
	 	SECTION 1103. Selection by Trustee of Securities to Be Redeemed
	 	 	 	 	 	 	68	 
	 	SECTION 1104. Notice of Redemption
	 	 	 	 	 	 	68	 
	 	SECTION 1105. Deposit of Redemption Price
	 	 	 	 	 	 	70	 
	 	SECTION 1106. Securities Payable on Redemption Date
	 	 	 	 	 	 	70	 
	 	SECTION 1107. Securities Redeemed in Part
	 	 	 	 	 	 	71	 
	 
	ARTICLE TWELVE SINKING FUNDS
	 	 	 	 	 	 	71	 
	 	SECTION 1201. Applicability of Article
	 	 	 	 	 	 	71	 
	 	SECTION 1202. Satisfaction of Sinking Fund Payments with Securities
	 	 	 	 	 	 	71	 
	 	SECTION 1203. Redemption of Securities for Sinking Fund
	 	 	 	 	 	 	72	 
	 
	ARTICLE THIRTEEN REPAYMENT AT THE OPTION OF HOLDERS
	 	 	 	 	 	 	72	 
	 	SECTION 1301. Applicability of Article
	 	 	 	 	 	 	72	 
	 	SECTION 1302. Repayment of Securities
	 	 	 	 	 	 	73	 
	 	SECTION 1303. Exercise of Option
	 	 	 	 	 	 	73	 
	 	SECTION 1304. When Securities Presented for Repayment Become Due and Payable
	 	 	 	 	 	 	74	 
	 	SECTION 1305. Securities Repaid in Part
	 	 	 	 	 	 	75	 
	 
	ARTICLE FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE
	 	 	 	 	 	 	75	 
	 	SECTION 1401. Applicability of Article; Company’s Option to
Effect Defeasance or Covenant Defeasance
	 	 	 	 	 	 	75	 
	 	SECTION 1402. Defeasance and Discharge
	 	 	 	 	 	 	75	 
	 	SECTION 1403. Covenant Defeasance
	 	 	 	 	 	 	76	 
	 	SECTION 1404. Conditions to Defeasance or Covenant Defeasance
	 	 	 	 	 	 	76	 
	 	SECTION 1405. Deposited Money and Government Obligations to Be
Held in Trust; Other Miscellaneous Provisions
	 	 	 	 	 	 	78	 
	 	SECTION 1406. Reinstatement
	 	 	 	 	 	 	79	 
	 
	ARTICLE FIFTEEN MEETINGS OF HOLDERS OF SECURITIES
	 	 	 	 	 	 	80	 
	 	SECTION 1501. Purposes for Which Meetings May Be Called
	 	 	 	 	 	 	80	 
	 	SECTION 1502. Call, Notice and Place of Meetings
	 	 	 	 	 	 	80	 
	 	SECTION 1503. Persons Entitled to Vote at Meetings
	 	 	 	 	 	 	80	 
	 	SECTION 1504. Quorum; Action
	 	 	 	 	 	 	80	 

-iii-

 

	 	 	 	 	 	 	 	 	 	 	 
	 	SECTION 1505. Determination of Voting Rights; Conduct and
Adjournment of Meetings
	 	 	 	 	 	 	82	 
	 	SECTION 1506. Counting Votes and Recording Action of Meetings
	 	 	 	 	 	 	82	 
	 	SECTION 1507. Evidence of Action Taken by Holders
	 	 	 	 	 	 	83	 
	 	SECTION 1508. Proof of Execution of Instruments
	 	 	 	 	 	 	83	 

-iv-

 

Reconciliation and tie between Trust Indenture Act of 1939 (the “1939 Act”)

and this Indenture, dated as of January 11, 2002

	 	 	 	 	 
	Trust Indenture Act Section
	 	Indenture Section
	
	 	 		 
	310(a)(1), (2) and (5)
	 	607(a)		 
	310(a)(3) and (4)
	 	Not applicable
	310(b)
	 	608(d)		 
	310(c)
	 	Not applicable
	311
	 	Not applicable
	312(a)
	 	704	 	 
	312(b)
	 	Not applicable
	312(c)
	 	701	 	 
	313(a) and (c)
	 	702	 	 
	313(b)
	 	Not applicable
	314(a)(1), (2) and (3)
	 	703	 	 
	314(a)(4)
	 	1008	 	 
	314(b)
	 	Not applicable
	314(c) and (e)
	 	102	 	 
	314(d)
	 	Not applicable
	315(a), (c), (d) and (e)
	 	Not applicable
	315(b)
	 	601	 	 
	316(a) (last sentence)
	 	101 ("Outstanding")
	316(a)(1)(A)
	 	512	 	 
	316(a)(1)(B)
	 	513	 	 
	316(a)(2) and (c)
	 	Not applicable
	316(b)
	 	508	 	 
	317(a)(l)
	 	503	 	 
	317(a)(2)
	 	504	 	 
	317(b)
	 	Not applicable
	318(a)
	 	112	 	 

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

-v-

 

     INDENTURE (this “Indenture”), dated as of      , 2002, by and
between Arbitron Inc., a Delaware corporation, as primary obligor (the
“Company”), having its principal office at 142 West 57th Street, New York, New
York 10019 and      , a national bank organized under the laws of the
United States of America, as Trustee hereunder (the “Trustee”), having its
Corporate Trust Office (as defined below) at
                              .

RECITALS

     The Company deems it necessary to issue from time to time for its lawful
purposes senior debt securities (the “Securities”) evidencing its unsecured
senior 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 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 for
such Securities as hereinafter provided.

     This Indenture is subject to the provisions of the Trust Indenture Act of
1939, as amended, that are deemed to be incorporated into this Indenture and
shall, to the extent applicable, be governed by such provisions.

     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 unless 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;

-1-

 

     (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 have the respective meanings indicated.

     “Act,” when used with respect to any Holder, has the meaning specified in
Section 104.

     “Additional Amounts” means any additional amounts which are required by a
Security or by or pursuant to a Board Resolution, under circumstances specified
therein, to be paid by the Company in respect of certain taxes, assessments or
other governmental charges 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; provided, that each Unrestricted Subsidiary
shall be deemed to be an affiliate of the Company and of each other Subsidiary
of the Company; provided further, that, except for the purposes of the
definition “Outstanding” and Section 607, neither the Company nor any of its
Restricted Subsidiaries shall be deemed to be Affiliates of each other. For
the purposes of this definition, “control” as used with respect to any Person,
shall mean the possession, directly or indirectly, of the power to direct or
cause direction of the management or policies of such Person, 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 Person authorized by the Trustee to act
on behalf of the Trustee to authenticate Securities of one or more series
pursuant to Section 611.

     “Authorized Newspaper” means a newspaper, printed in the English language
or in an official language of the place of publication, customarily published
on each day that is a Business Day in the place of publication, whether or not
published on Saturdays, Sundays or days that are Legal Holidays in the place of
publication, 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 day that is a Business Day in the place of publication.

     “Bearer Security” means any Security established pursuant to Section 201
which is payable to bearer.

-2-

 

     “Board of Directors” means the board of directors of the Company, the
executive committee or any other committee of such board duly authorized to act
for it in respect hereof, as the case may be.

     “Board Resolution” means a copy of a resolution of the Company, 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 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, Sunday or other day on which banking
institutions in that Place of Payment or location are authorized or required by
law, regulation or executive order to close.

     “Capital Stock” means with respect to any Person, any and all shares,
interests, participations or other equivalents (however designated, whether
voting or non-voting) in equity of such Person, whether now outstanding or
issued after the Closing Date, including, without limitation, all common stock
and preferred stock, and any rights (other than indebtedness convertible into
an equity interest), warrants or options to subscribe for or acquire an equity
interest in such Person.

     “CEDEL” means Central de Livraison de Valeurs Mobilieres, S.A., or its
successor.

     “clearing agency” has the meaning set forth in Section 3(a)(23) of the
Exchange Act.

     “Commission” means the U.S. Securities and Exchange Commission, as from
time to time constituted, created under the Exchange Act, or, if at any time
after execution of this Indenture 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.

     “Common Depositary” has the meaning specified in Section 304(b).

     “Common Stock” means the Common Stock, par value $0.01 per share, of the
Company.

     “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, and any other obligor on the Securities.

     “Company Certificate” means a certificate signed in the name of the
Company by (i) the Chairman of the Board of Directors, a Vice Chairman of the
Board of Directors, the President, the Chief Executive Officer or a Vice
President, and (ii) the Chief Financial Officer, the Chief Accounting Officer,
the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary,
and delivered to the Trustee, which certificate shall comply with the
provisions of Section 102 hereof.

     “Company Request” and “Company Order” mean, respectively, a written
request or order signed in the name of the Company by (i) the Chairman of the
Board of Directors, a

-3-

 

Vice Chairman of the Board of Directors, the President,
the Chief Executive Officer or a Vice President, and (ii) the Chief Financial
Officer, the Chief Accounting Officer, the Treasurer, an Assistant Treasurer,
the Secretary or an Assistant Secretary, 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 principal office of the Trustee in the
Borough of Manhattan, The City of New York, New York which at any particular
time its corporate trust business shall be principally administered, which at
the date hereof is located at                     .

     “corporation” includes corporations, associations, companies, real estate
investment trusts and business trusts.

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

     “covenant defeasance” has the meaning specified in Section 1403.

     “Default” means any event, act or condition, the occurrence of which is,
or after notice or the passage of time or both would be, an Event of Default.

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

     “defeasance” has the meaning specified in Section 1402.

     “Dollar” or “$” means a dollar or other equivalent unit in such coin or
currency of the United States of America as at the time is legal tender for the
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 Morgan Guaranty Trust Company of New York, Brussels
Office, 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.

-4-

 

     “Event of Default” has the meaning specified in Section 501.

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

     “Exchange Date” has the meaning specified in Section 304(b).

     “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 United States generally accepted accounting principles,
consistently applied, as set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting
Standards Board, or in such other statements by such other entity as may be
approved by a significant segment of the accounting profession of the United
States, that are applicable to the circumstances as of the date of
determination; provided that, except as otherwise specifically provided herein,
all calculations made for purposes of determining compliance with Section 801
and Article Ten hereof with respect to a series of Securities shall utilize
GAAP as in effect on the date of the original issuance and authentication of
the Securities of such series pursuant to this Indenture.

     “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 also
includes 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.

     “Holder” when used with respect to a Registered Security, means the Person
in whose name such Registered Security is registered in the Security Register
and, when used with respect to a Bearer Security or any coupon, means 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 includes
the terms of particular series

-5-

 

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” when used with respect to
any one or more series of Securities with respect to which such Person is
acting as Trustee, shall mean 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 those particular series of Securities with
respect to which such Person is acting as Trustee established as contemplated
by Section 301, exclusive, however, of any provisions or terms which relate
solely to other series of Securities with respect to which such Person is not
acting as 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, means interest payable
after Maturity, and, when used with respect to a Security which provides for
the payment of Additional Amounts pursuant to Section 1009, includes such
Additional Amounts.

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

     “mandatory sinking fund payment” has the meaning specified in Section
1201.

     “Maturity” when used with respect to any Security, means the date on which
the principal of such Security or an installment of principal become 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.

     “Notice of Default” has the meaning specified in Section 501.

     “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.

     “optional sinking fund payment” has the meaning specified in Section 1201.

     “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, exclusive of:

	 	(1)	 	Securities theretofore canceled by the Trustee or delivered
to the Trustee for cancellation;

-6-

 

	 	(2)	 	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 is acting 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;
	 
	 	(3)	 	Securities, except solely to the extent provided in Section
401, 1402 or 1403, as applicable, with respect to which the Company
has effected defeasance and/or covenant defeasance as provided in
Article Four or Fourteen; and
	 
	 	(4)	 	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 has been presented to
the Trustee proof satisfactory to it that such Securities are held
by a bona fide purchaser in whose hands such Securities are valid
obligations of the Company;

provided, however, that in determining whether the Holders of the required
principal amount of the Outstanding Securities have concurred in 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 Section 313 of the Trust Indenture Act, (i)
the principal amount of an Original Issue Discount Security which may be
counted in making such determination or calculation and which shall be deemed
Outstanding for such purpose shall be equal to the amount of principal thereof
which would be (or has 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 which may be counted in making such determination or
calculation and which 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 which may be counted in making such determination or calculation and
which 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 on the
Securities or any Affiliate of the Company or of such other obligor shall be
disregarded and deemed not Outstanding, except that, for the purposes of
determining whether the Trustee is protected in making such calculation or in
relying on any such request, demand, authorization, direction, notice, consent
or waiver, only Securities which the Trustee knows are 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 on the Securities or any
Affiliate of the Company or of such other obligor.

-7-

 

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

     “Payment Default” means any failure to pay any scheduled installment of
principal of, premium, if any, or interest on any indebtedness within the grace
period provided for such payment in the documentation governing such
indebtedness.

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

     “Place of Payment” when used with respect to the Securities of or within
any series, means the Corporate Trust Office of the Trustee and any place or
places which the Company may from time to time designate as the place or places
where the principal of (and premium, if any, on) and interest and Additional
Amounts, if any, on such Securities are payable as specified as contemplated by
Sections 301 and 1002 and presentations, surrenders, notices and demands with
respect to such Securities and this Indenture may be made.

     “Predecessor Security” when used with respect to any particular Security,
means every previous Security evidencing all or a portion of the same debt as
evidenced by such 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.

     “Property” means, with respect to any Person, any interest of such Person
in any kind of property or asset, whether real, personal or mixed, or tangible
or intangible, excluding Capital Stock in any other Person.

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

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

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

     “Regular Record Date” when used with respect to an 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.

-8-

 

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

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

     “Responsible Officer” when used with respect to the Trustee, means any
vice president (whether or not designated by numbers or words added before or
after said title), any assistant vice president, any assistant secretary or any
other officer or assistant officer of the Trustee in the corporate trust
department or similar group of the Trustee or, with respect to any particular
matter arising hereunder, any officer of the Trustee to whom such matter has
been assigned.

     “Restricted Subsidiary” means any Subsidiary of the Company that has not
been designated as an Unrestricted Subsidiary pursuant to this Indenture.

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

     “Security” has the meaning specified 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” when used with respect to the Indenture with respect to which
such Person is acting as 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 with respect to which such Person is not
acting as Trustee.

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

     “Special Record Date” when used with respect to 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” when used with respect to any Security or any
installment of principal thereof or interest thereon or any Additional Amounts
with respect thereto, means 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, or such Additional
Amounts are, due and payable, including pursuant to any mandatory redemption
provision (but excluding any provision providing for the repurchase of such
Security at the option of the holder thereof upon the happening of any
contingency unless such contingency has occurred).

     “Subsidiary” means, with respect to any Person, (i) any corporation more
than 50 percent of the outstanding shares of Voting Stock of which is owned,
directly or indirectly,

-9-

 

by such Person, or by one of more other Subsidiaries of
such Person, or by such Person and one or more other Subsidiaries of such
Person, (ii) any general partnership, limited liability company, joint venture
or similar entity, more than 50 percent of the outstanding partnership,
membership or similar interests of which are owned, directly or indirectly, by
such Person, or by one or more other Subsidiaries of such Person, or by such
Person and one or more other Subsidiaries of such Person and (iii) any limited
partnership of which such Person or any Subsidiary of such Person is a general
partner.

     “Trust Indenture Act” 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 has become such pursuant to the
applicable provisions of this Indenture, and thereafter “Trustee” shall mean or
include each Person who is then acting as a Trustee hereunder; provided,
however, that, if at any time there is more than one such Person, “Trustee”
when used with respect to the Securities of or within any series, shall mean
only the Trustee with respect to the Securities of such series, and no Trustee
of Securities for any series shall be responsible for the acts or omissions of
a Trustee for any other series of Securities. In the event that two or more
Persons are acting as Trustee with respect to different series of Securities,
each such Trustee will be a Trustee of a trust separate and apart from the
trust administered by any other Trustee, and except as otherwise provided
herein or supplemental indenture, any action permitted to be taken by each
Trustee may be taken by each such Trustee with respect to, and only with
respect to, the one or more series of Securities for which it is Trustee
hereunder.

     “Trustee Permitted Investments” means:

			
	 	(1)	Government Obligations;

	 	 	 
	 	(2)	Direct obligations and fully guaranteed certificates of beneficial
interest of the Export-Import Bank of the United States; consolidated
debt obligations and letter of credit-backed issues of the Federal Home
Loan Banks; participation certificates and senior debt obligations of the
Federal Home Loan Mortgage Corporation; debentures of the Federal Housing
Administration; mortgage-backed securities (except stripped mortgage
securities which are valued greater than par on the portion of unpaid
principal) and senior debt obligations of the Federal National Mortgage
Association; participation certificates of the General Services
Administration; guaranteed mortgage-backed securities and guaranteed
participation certificates and guaranteed pool certificates of the Small
Business
Administration; debt obligations and letter of credit-backed issues of
the Student Loan Marketing Association; local authority bonds of the U.S.
Department of Housing and Urban Development; guaranteed Title XI
financing of the U.S. Maritime Administration; guaranteed transit bonds
of the Washington Metropolitan Area Transit Authority; or Resolution
Funding Corporation securities;
	 	 	 
	 	(3)	Direct obligations of any state of the United States of America or
any subdivision or agency thereof whose unsecured, uninsured and
unguaranteed general obligation debt is rated, at the time of purchase,
at least as high as the

-10-

 

			
	 	 	rating then in effect on the Securities by
Standard & Poor’s Rating Services, or any obligation fully and
unconditionally guaranteed by any state, subdivision or agency whose
unsecured, uninsured and unguaranteed general obligation debt is rated,
at the time of purchase, at least as high as the rating then in effect on
the Securities by Standard & Poor’s Rating Services;
	 	 	 
	 	(4)	Commercial paper (having original maturities of not more than 270
days) rated, at the time of purchase, “A-1+” by Standard & Poor’s Rating
Services or “P-1” by Moody’s Investors Services, Inc.;
	 	 	 
	 	(5)	Federal funds, unsecured certificates of deposit, time deposits or
bankers acceptances (in each case having maturities of not more than 365
days) of any domestic bank (including the Trustee in its commercial
capacity), including a branch office of a foreign bank which branch
office is located in the United States, provided that written legal
opinions in form acceptable to the Trustee are received to the effect
that full and timely payment of such deposit or similar obligation is
enforceable against the principal office or any branch of such bank,
which, at the time of purchase, has a rating of “A-1+” by Standard &
Poor’s Rating Services or “P-1” by Moody’s Investors Services, Inc.;
	 	 	 
	 	(6)	Deposits of any bank or savings and loan association which has
combined capital, surplus and undivided profits of not less than
$3,000,000, provided that such deposits are continuously and fully
insured by the Federal Deposit Insurance Corporation, including, without
limitation, an insured money market account of the Trustee;
	 	 	 
	 	(7)	Investments in money-market funds rated in the highest rating
category by Standard & Poor’s Rating Services or Moody’s Investors
Services, Inc.; such funds may include those for which the Trustee or an
affiliate of the Trustee provides services for a fee, whether as
investment advisor, custodian, transfer agent, sponsor, distributor or
otherwise; and
	 	 	 
	 	(8)	 Shares of an open-end, diversified investment company which is
registered under the Investment Company Act of 1940, as amended, and
which (i) invests exclusively in permitted investments of the type set
forth in clauses (1) through (7) above; (ii) seeks to maintain a constant
net asset value per share in accordance with regulations of the
Commission; and (iii) has aggregate net assets of at least $50,000,000 on
the date of purchase.

Any investment made in accordance with this Indenture may (i) be executed by
the Trustee or the Company with or through the Trustee or its affiliates and
(ii) be made in securities of any entity for which the Trustee or any of its
affiliates serves as offeror, distributor, advisor or other service provider.

     “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.

-11-

 

     “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.

     “Unrestricted Subsidiary” means any Subsidiary of the Company that the
Company has classified as an Unrestricted Subsidiary and that has not been
reclassified as a Restricted Subsidiary pursuant to this Indenture.

     “Voting Stock” means with respect to any Person, securities of any class
or classes of Capital Stock in such Person entitling the holders thereof
(whether at all times or at the times that such class of Capital Stock has
voting power by reason of the happening of any contingency) to vote in the
election of members of the board of directors or comparable body of such
Person.

     “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 a Company Certificate stating that all conditions precedent, if any,
provided for in this Indenture (including any 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 (other than certificates provided
pursuant to Section 1008) 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 on which the statements or opinions
contained in such certificate or opinion are based;
	 
	 	(3)	 	a statement that, in the opinion of each such individual, he
or she has made such examination or investigation as is necessary to
enable him or her to express an informed opinion as to whether or
not such condition or covenant has been complied with; and

-12-

 

	 	(4)	 	a statement as to whether or not, 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 in which 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, on 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 on which his or her 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, on 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.

     If 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.

     (a)  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 the Outstanding Securities of such series may, alternatively, be
embodied in and evidenced by the record of such Holders voting in favor
thereof, either in person or by proxies duly appointed in writing, at any
meeting of such Holders 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 are delivered
to the Trustee and, if expressly required herein, 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

-13-

 

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.

     (b)  The fact and date of the execution by any Person of any such
instrument or writing may be proved by a certificate of a notary public or
other officer authorized by law to take acknowledgments of deeds, certifying
that the individual signing such instrument or writing acknowledged to him or
her the execution thereof or by any other means acceptable to the Trustee. If
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.

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

     (d)  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 is 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,
(ii) such Bearer Security is produced to the Trustee by some other Person,
(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.

     (e)  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 not be obligated to do so. Notwithstanding Section 316(c) of the Trust Indenture Act, 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 purpose 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

-14-

 

pursuant to the provisions of this Indenture not later than
eleven months after the record date.

     (f)  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 on such
Security.

     SECTION 105.     Notices 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 on, given or furnished to, or filed with:

			
	 	(1)	the Trustee by any Holder or the Company shall be sufficient for
every purpose hereunder if in writing and mailed, first class postage
prepaid, to the Trustee addressed to it at the address of its Corporate
Trust Office specified in the first paragraph of this Indenture,
Attention: Corporate Trust Administration; or
	 	 	 
	 	(2)	the Company by the Trustee or 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.

     When 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 such Holder’s 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 in which 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 is impracticable to give such
notice by mail, then such notification to Holders of Registered Securities as
is made with the approval of the Trustee shall constitute a sufficient
notification to such Holders for every purpose hereunder.

-15-

 

     Except as otherwise expressly provided herein or otherwise specified with
respect to any Securities pursuant to Section 301, when this Indenture provides
for notice to Holders of Bearer Securities of any event, such notices 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 securities 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 is impracticable
to publish any notice to Holders of Bearer Securities as provided above, then
such notification to Holders of Bearer Securities as is 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.

     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.

     When 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 on 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 any 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.

-16-

 

     SECTION 110.     Benefits of Indenture.

     Nothing in this Indenture or in any Security or any coupon, 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 on any obligation, covenant or agreement contained in
this Indenture or in any Security or any coupon, or because of any indebtedness
evidenced thereby, shall be had against any promoter, as such or, against any
past, present or future director, officer, employee or shareholder, 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.

     SECTION 112.     Governing Law.

     This Indenture and the Securities and any coupons shall be governed by and
construed in accordance with the laws of the State of New York applicable to
agreements made and to be performed in such State. This Indenture is subject
to the provisions of the Trust Indenture act which, by the provisions thereof,
are deemed or required to be part of this Indenture and shall, to the extent
applicable, be governed by such provisions. If any provision of this Indenture
limits, qualifies or conflicts with the duties imposed by operation of Section
318(c) of the Trust Indenture Act, the imposed duties shall control.

     SECTION 113.     Legal Holidays.

     In any case in which any Interest Payment Date, Redemption Date, Repayment
Date, sinking fund payment date, Stated Maturity or Maturity of any Security is
not a Business Day at any Place of Payment, then (notwithstanding any other
provision of this Indenture or any Security or any coupon other than a
provision in the Securities of any series which specifically states that such
provision shall apply in lieu hereof), payment of the principal of (and premium, if any, on) or interest or Additional
Amounts, if any, on such Security 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, however, 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.

-17-

 

     SECTION 114.     Counterparts.

     This Indenture may be executed in several counterparts, each of which
shall be an original and all of which shall constitute but one and the same
instrument.

ARTICLE TWO

SECURITIES FORMS

     SECTION 201.     Forms of Securities.

     The Registered Securities, if any, of each series and the Bearer
Securities, if any, and any coupons of each series, shall be in substantially
the forms as are established in or pursuant to one or more indentures
supplemental hereto and/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.

     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 Officer

-18-

 

     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 are 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 the manner and in accordance with
instructions given by such Person or Persons 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 in accordance with 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 premium, if any,
on) and interest and Additional Amounts, if any, 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
or 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 CEDEL.

-19-

 

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, and/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 on
      the aggregate principal amount of the Securities of or within the series
      which may be authenticated and delivered under this Indenture (except for
      Securities authenticated and delivered upon registration of transfer of,
      or in exchange for, or in lieu of, other Securities of 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 on which interest shall be calculated if other than a 360-day
      year comprised of twelve 30-day months;
	 
	 	(5)     the place or
      places, if any, other than or in addition to the Corporate Trust Office
      where the principal of (and premium, if any, on) and interest and
      Additional Amounts, if any, on Securities of or within the series shall be
      payable, any Registered Securities of or within the series may be
      surrendered for registration of transfer, exchange or conversion and
      notices or demands to or on 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, 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 

- 20 -

 

	 	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;
	 
	 	(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)   the percentage of the
      principal amount at which Securities will be issued and, if other than the
      principal amount thereof, the portion of the principal amount of
      Securities of or within the series which shall be payable upon declaration
      of acceleration of the Maturity thereof pursuant to Section 502, or,
      if applicable, the portion of the principal amount of Securities which is
      convertible in accordance with the provisions of this Indenture, 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, if any, on) 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 the principal of (and premium, if any, on) or interest or
      Additional Amounts, 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, if any, on) 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 (including the Election Date), 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

- 21 -

 

	 	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 on the occurrence of such events as may be specified;
	 
	 	(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, and 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;
	 
	 	(17)     the Person to whom any
      interest on any Registered Security of the series shall be payable, if
      other than the Person in whose name such 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;
	 
	 	(18)     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;
	 
	 	(19)     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;

- 22 -

 

	 	(20)     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;
	 
	 	(21)     whether and under what
      circumstances the Company will pay Additional Amounts as contemplated by
      Section 1009 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);
	 
	 	(22)     the obligation, if any,
      of the Company to permit the conversion of the Securities of such series
      into Common Stock, preferred stock of the Company or other debt securities
      of the Company, and the terms and conditions on 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 and any requirements relative to the reservation of such
      shares for purposes of conversion;
	 
	 	(23)     whether and to what
      extent the Securities of the series are to be guaranteed by one or more of
      the Subsidiaries of the Company or by other Persons; 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 as Bearer Securities, as Registered Securities or in any
combination thereof, and in such denominations and amounts as are specified as
contemplated by Section 301. With respect to 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 

- 23 -

 

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
shall be executed on behalf of the Company by its Chief Executive Officer, its
President or any Executive Vice President and shall be attested by the Company’s
Secretary or one of its Assistant Secretaries. The signature of any of these
officers on the Securities and any 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 and such coupons. 

     Any Securities or any coupons
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 any coupons. 

     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 coupons, 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 shall
authenticate and deliver such Securities in accordance with the Company Order;
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 has furnished a certificate to Euroclear or
CEDEL, 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 canceled. 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 so permits, 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 the 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 and any coupons appertaining thereto, the Trustee shall be
entitled to receive, and (subject to Section 315(a) through 315(d) of the
Trust Indenture Act) shall be fully protected in relying on: 

- 24 -

 

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

	 	 	(A)     the form or forms of
      such Securities and any coupons appertaining thereto 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;
	 
	 	 	(B)     the terms of such
      Securities and any coupons appertaining thereto 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
	 
	 	 	(C)     such Securities,
      together with any coupons appertaining thereto, when executed by the
      Company, completed pursuant to such procedures as may be specified therein
      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 legal, 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

     (2)     a
Company 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 has occurred and is 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 a Company 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. 

- 25 -

 

     No Security or coupon 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 on 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 has been authenticated and
delivered hereunder but never issued and sold by the Company, and the Company
delivers 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.

     (a)      Pending the preparation
of definitive Securities of any series, the Company may execute, and upon a
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 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. 

     Except in the case of temporary
Securities in global form (which shall be exchanged in accordance with
Section 304(b) or as otherwise provided in or pursuant to a Board
Resolution), if temporary Securities of any series are issued, the Company shall
cause definitive Securities of such 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 such
series, without charge to the Holder. Upon surrender for cancellation of any one
or more temporary Securities of any series, together with 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 or coupons appertaining thereto of any
series shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities or coupons appertaining thereto of such
series. 

     (b)      Unless otherwise
provided as contemplated in Section 301, this Section 304(b) 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

- 26 -

 

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 CEDEL. 

     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 the name of Euroclear or CEDEL, as the case may be, 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 Common Depositary;
provided, however, that, unless otherwise specified in such temporary global
Security, upon such presentation by the Common Depositary, such temporary global
Security shall be 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 CEDEL 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. 

     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 CEDEL, as the case may be, to request
such exchange on his behalf and delivers to Euroclear or CEDEL, 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 CEDEL, 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 CEDEL. 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. 

- 27 -

 

     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 CEDEL on such Interest Payment
Date upon delivery by Euroclear and CEDEL 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 CEDEL, 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 in 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(b) 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 has been exchanged for an interest in a definitive
Security. Any interest so received by Euroclear and CEDEL 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. 

     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, at its Corporate Trust
Office, 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 ceases 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 such series, the Company shall execute, and the Trustee shall
authenticate and deliver, in the name of the designated transferee or
transferees, one or 

- 28 -

 

more new Registered Securities of the same series, of any
authorized denominations and of a like aggregate principal amount, being 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
appertaining thereto. 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 Bearer
Security surrenders to any Paying Agent any such missing coupon in respect of
which such a payment has been made, such Holder shall be entitled to receive the
amount of payment; provided, however, that, except as otherwise provided in
Section 1002, interest represented by a coupon shall be payable only upon
presentation and surrender of such 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. 

     Notwithstanding the foregoing,
except as otherwise specified as contemplated by Section 301, any permanent
global Security shall be exchangeable only as provided in this 

- 29 -

 

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
(i) 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,
(ii) 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 (iii) the
Company, in its sole discretion, determines at any time that all Outstanding
Securities (but not less than all) Securities 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, that 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, upon surrender of the global Security or Securities
appropriately endorsed, 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 has been given, then without unnecessary delay but in
any event not earlier than the earliest date on which such interest may be so
exchanged, upon surrender of the global Security or Securities appropriately
endorsed, 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 is 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 before 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

- 30 -

 

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. 

     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 Company and 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 which 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 day of 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 such series and like tenor, provided that such Registered Security
is 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. 

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

     If any mutilated Security or a
Security with a mutilated coupon appertaining thereto 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 of their agents 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 

- 31 -

 

contemporaneously outstanding, with coupons corresponding to the
coupons, if any, appertaining to the surrendered Security. 

     If there is delivered to the
Company and 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 of
their agents harmless, then, in the absence of 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 Company 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, if any, on) and interest and Additional Amounts,
if any, on any 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 which may be imposed in
relation thereto and any other expenses (including the fees and expenses of the
Trustee) connected therewith. 

     Every new Security of any series
and any coupons appertaining thereto 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 any coupons appertaining thereto or the destroyed,
lost or stolen coupon are 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 such series and any coupons appertaining thereto
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. 

- 32 -

 

     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 which is payable, and is
punctually paid or duly provided for, on any Interest Payment Date shall be paid
to the Person in whose name such 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 the principal of (and applicable premium, if any) and interest/and
additional amounts, if any) on a Bearer security will be made only at an office
or agency of the company located outside the United States. 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 CEDEL, 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. 

     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 which is
payable, but is not punctually paid or duly provided for, on any Interest
Payment Date (“Defaulted Interest”) shall forthwith cease to be payable to the
registered Holder thereof upon 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, as provided in paragraph (1) or (2) 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
      

- 33 -

 

	 	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 provided in this paragraph. 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 such
      Holder’s 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 paragraph (2) below. 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.
	 
	 	(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 on
      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
      paragraph, such manner of payment is deemed practicable by the
      Trustee.

- 34 -

 

     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, if any, on) and (subject to
Sections 305 and 307) interest and Additional Amounts, if any, 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 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 shall have any responsibility or
liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests of a 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 any Securities and
coupons surrendered directly to the Trustee for any such purpose shall be
promptly canceled 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 

- 35 -

 

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 canceled by the Trustee. If
the Company so acquires 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 canceled as provided in this Section, except as expressly
permitted by this Indenture. Canceled 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 the Company delivers a Company Order
which directs their return to it. 

     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. 

     SECTION 311.      CUSIP Numbers.

     The Company in issuing the
Securities may use“CUSIP” numbers (if then generally in use), and, if so, the
Trustee shall use“CUSIP” numbers in notices of redemption as a convenience to
Holders; provided that any such notice may state that no representation is made
as to the correctness of such numbers either as printed on the Securities or as
contained in any notice of a redemption and that reliance may be placed only on
the other identification numbers printed on the Securities, and any such
redemption shall not be affected by any defect in or omission of such numbers.
The Company will promptly notify the Trustee of any change in the“CUSIP”
numbers. 

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 1009), and the Trustee, upon receipt of a Company Order 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: 

	 	 	(A) all Securities of such series
      theretofore authenticated and delivered and any coupons 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
      

- 36 -

 

	 
	 	 	in Section 305, (ii) Securities of such
      series and coupons appertaining thereto 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 of such series and coupons appertaining thereto for
      whose payment money has theretofore been deposited in trust or segregated
      and held in trust by the Company and thereafter repaid to the Company or
      discharged from such trust, as provided in Section 1003) have been
      delivered to the Trustee for cancellation; or
	 
	 	 	(B) all Securities of such series and,
      in the case of clauses (i) and (ii) below, any coupons
      appertaining thereto not theretofore delivered to the Trustee for
      cancellation:
	 

	 	 	(i)     have become due and
      payable, or
	 
	 	 	(ii)    will become due and
      payable at their Stated Maturity within one year, or
	 
	 	 	(iii)   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 clause (i),
      (ii) or (iii) above, has irrevocably deposited or caused to be
      deposited with the Trustee funds in trust for the purpose, in the currency
      or currencies, currency unit or units or composite currency or currencies
      in which the Securities of such series are payable, and in an amount
      sufficient to pay and discharge the entire indebtedness on such Securities
      and such coupons not theretofore delivered to the Trustee for
      cancellation, for the principal (and premium, if any) and interest and
      Additional Amounts, if any, 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;

		
	 	(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 a Company 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 has been deposited
with and held by the Trustee pursuant to subparagraph (B) of paragraph
(1) of this Section, the obligations of the Trustee under Section 402
and the last paragraph of Section 1003, shall survive. 

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     SECTION 402.      Application of Trust
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, if
any) and interest and Additional Amounts, if any, for the payment of which 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,” whenever 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 is
voluntary or involuntary or 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 on or any Additional Amounts payable in
      respect of any Security of or within such 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

		
	 	        (2)     default in
      the payment of the principal of (or premium, if any, on) any Security of
      such series when the same becomes due and payable at its Maturity,
      declaration of acceleration or the failure to make an offer to purchase
      any Security of such series with respect to which a repurchase is required
      by the terms thereof or otherwise; or

		
	 	        (3)     default in
      the deposit of any sinking fund payment, when and as due by the terms of
      any Security of such 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 such series (other than a
      covenant or warranty a default in the performance of which or the breach
      of which is elsewhere specifically provided for in this Section), and
      continuance of such default or breach for a period of 60 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 such 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

- 38 -

 

		
	 	        (5)     the entry
      by a court having jurisdiction in the premises of (i) a decree or order
      for relief in respect of the Company or any Restricted Subsidiary of the
      Company in an involuntary case or proceeding under United States
      bankruptcy laws, as now or hereafter constituted, or any other applicable
      Federal, state, or foreign bankruptcy, insolvency, or other similar law or
      (ii) a decree or order adjudging the Company or any Restricted
      Subsidiary of the Company a bankrupt or insolvent, or approving as
      properly filed a petition seeking reorganization, arrangement, adjustment
      or composition of, or in respect of, the Company or any Restricted
      Subsidiary of the Company under United States bankruptcy laws, as now or
      hereafter constituted, or any other applicable Federal, state or foreign
      bankruptcy, insolvency, or similar law, or appointing a custodian,
      receiver, liquidator, assignee, trustee, sequestrator or other similar
      official of the Company or any Restricted Subsidiary of the Company or of
      any substantial part of the Property or assets of the Company or any
      Restricted Subsidiary of the Company, or ordering the winding-up or
      liquidation of the affairs of the Company or any Restricted Subsidiary of
      the Company, and the continuance of any such decree or order for relief or
      any such other decree or order unstayed and in effect for a period of 60
      consecutive calendar days; or

		
	 	        (6)     
      (i) the commencement by the Company or any Restricted Subsidiary of
      the Company of a voluntary case or proceeding under United States
      bankruptcy laws, as now or hereafter constituted, or any other applicable
      Federal, state, or foreign bankruptcy, insolvency or other similar law or
      of any other case or proceeding to be adjudicated a bankrupt or insolvent;
      or (ii) the consent by the Company or any Restricted Subsidiary of
      the Company to the entry of a decree or order for relief in respect of the
      Company or any Restricted Subsidiary of the Company in an involuntary case
      or proceeding under United States bankruptcy laws, as now or hereafter
      constituted, or any other applicable Federal, state, or foreign
      bankruptcy, insolvency, or other similar law or to the commencement of any
      bankruptcy or insolvency case or proceeding against the Company or any
      Restricted Subsidiary of the Company; or (iii) the filing by the
      Company or any Restricted Subsidiary of the Company of a petition or
      answer or consent seeking reorganization or relief under United States
      bankruptcy laws, as now or hereafter constituted, or any other applicable
      Federal, state or foreign bankruptcy, insolvency or other similar law; or
      (iv) the consent by the Company or any Restricted Subsidiary of the
      Company to the filing of such petition or to the appointment of or taking
      possession by a custodian, receiver, liquidator, assignee, trustee,
      sequestrator or similar official of the Company or any Restricted
      Subsidiary of the Company or of any substantial part of the Property or
      assets of the Company or any Restricted Subsidiary of the Company, or the
      making by the Company or any Restricted Subsidiary of the Company of an
      assignment for the benefit of creditors; or (v) the admission by the
      Company or any Restricted Subsidiary of the Company in writing of its
      inability to pay its debts generally as they become due; or (vi) the
      taking of corporate action by the Company or any Restricted Subsidiary of
      the Company in furtherance of any such action.

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     SECTION 502.      Acceleration of
Maturity; Rescission and Annulment. 

	 	(1)     If an Event of Default (other than
      an Event of Default set forth in Section 501(5) or (6)) with respect
      to Securities of any series at the time Outstanding occurs and is
      continuing, then and in every such case, unless the principal of all of
      the Outstanding Securities of such series already has become due and
      payable, the Trustee or the Holders of not less than 25% in principal
      amount of the Outstanding Securities of such 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 all the Securities of such series and any accrued
      and unpaid interest thereon 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
      and any accrued and unpaid interest thereon shall become immediately due
      and payable. If an Event of Default set forth in Section 501(5) or
      (6) occurs with respect to the Securities of any series, then in each
      such case, the principal of all the Securities of such series and any
      accrued and unpaid interest thereon shall be due and payable immediately,
      without notice to the Company and without any declaration or other act on
      the part of the Trustee or any Holder of any Securities of such
      series.
	 
	 	(2)     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 provided in this Article, the Holders of a
      majority in principal amount of the Outstanding Securities of such series,
      by written notice to the Company and the Trustee, may rescind and annul
      such declaration and its consequences if:

		
	 	        (A)     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 are 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 such series and any coupons
      appertaining thereto;
	 
	 	        (ii)     the
      principal of (and premium, if any, on) any Outstanding Securities of such
      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 on 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

- 40 -

 

			
	 	(B)	all Events of Default with respect to Securities of
      such series, other than the nonpayment of the principal of (or premium, if
      any, on) or interest or Additional Amounts, if any, on Securities of such
      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 resulting therefrom. 

	 	 	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 or any coupon appertaining thereto 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, if any, on) any Security of any series at
      its Maturity,

then the Company shall, upon demand of the Trustee, pay to the
Trustee, for the benefit of the Holders of the Securities of such series and any
such coupons, the whole amount then due and payable on such Securities and any
such coupons for principal (and premium, if any) and interest and Additional
Amounts, if any, with interest on any overdue principal (and premium, if any)
and, to the extent that payment of such interest is legally enforceable, on 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 is 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
on the 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 on the 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 coupons appertaining thereto by
such appropriate judicial proceedings as the Trustee deems 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. 

- 41 -

 

     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 on the Securities of such series 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 is then due and payable
as therein expressed or by declaration or otherwise and irrespective of whether
the Trustee has made any demand on the Company for the payment of overdue
principal, premium, if any, or interest or Additional Amounts, if any) shall be
entitled and empowered, by intervention in such proceeding or otherwise: 

	 	 	(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, if any) and interest
      and Additional Amounts, if any, owing and unpaid in respect of the
      Securities of such series and to file such other papers or documents and
      take such other action, including participating as a member of any
      official creditors committee appointed in the matter, as it may deem
      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 any coupons
appertaining thereto to make such payments to the Trustee, and in the event that
the Trustee consents 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 any 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

- 42 -

 

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, if any) or interest or Additional Amounts, if
any, on 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: 

	 	 	 
	 	(1)	to the payment of all amounts due
      the Trustee and any predecessor Trustee under
  Section 606;
	 
	 	(2)	the payment of the amounts then due
      and unpaid on the Securities and coupons for principal (and premium, if
      any) and interest and Additional Amounts, if any, 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, if any) and interest and Additional Amounts, if any,
      respectively; and
	 
	 	(3)	to the payment of the remainder, if
      any, to the Company.

     The Trustee may fix a record date
and payment date for any payment to Holders pursuant to this Section 506.
At least 15 calendar days before such record date, the Company shall mail to
each Holder and the Trustee a notice that states such record date, the payment
date and amount to be paid. The Trustee may mail such notice in the name and at
the expense of the Company. 

     SECTION 507.      Limitation on Suits.

     No Holder of any Security of any
series or any coupon appertaining thereto 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 such series;
	 
	(2)    the Holders of not less
      than 25% in principal amount of the Outstanding Securities of such series
      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;

- 43 -

 

	 
	(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 such 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, Interest and Additional Amounts.

     Notwithstanding any other
provision in this Indenture, the Holder of any Security or coupon shall have the
right which is absolute and unconditional to receive payment of the principal of
(and premium, if any, on) and (subject to Sections 305 and 307) interest
and Additional Amounts, if any, on such Security or payment of such coupon on or
after 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 or
affected without the consent of such Holder. 

     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 on 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. 

- 44 -

 

     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 is not 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)

     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 coupons
appertaining thereto 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, if any, on) or interest or Additional Amounts, if any, on any
      Security of such series or any coupons appertaining thereto,
  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 thereby.

     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 resulting therefrom. 

- 45 -

 

     SECTION 514.     Waiver of
Usury, Stay or Extension Laws. 

     The Company covenants (to the
extent which it may lawfully do so) that it shall not at any time insist on, or
plead, or in any manner whatsoever claim or take the benefit or advantage of,
any usury, stay or extension law wherever enacted, now or at any time hereafter
in force, which may affect the covenants or the performance of this Indenture;
and the Company (to the extent which it may lawfully do so) hereby expressly
waives all benefit or advantage of any such law, and covenants that it shall not
hinder, delay or impede the execution of any power herein granted to the
Trustee, but shall suffer and permit the execution of every such power as though
no such law had been enacted. 

     SECTION 515.     Undertaking
for Costs. 

     All parties to this Indenture
agree, and each Holder of any Security by such Holder’s 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; but the provisions of this Section shall not apply to any
suit instituted by the Trustee, to any suit instituted by any Holder, or group
of Holders, holding in the aggregate more than 10% in principal amount of the
Outstanding Securities, or to any suit instituted by any Holder for the
enforcement of the payment of the principal of (or premium, if any, on) or
interest or Additional Amounts, if any, on any Security on or after the
respective Stated Maturities expressed in such Security (or, in the case of
redemption, on or after the Redemption Date). 

ARTICLE SIX 

THE TRUSTEE 

     SECTION 601.      Notice of
Defaults. 

     Within 90 days after the
occurrence of any default hereunder known to a Responsible Officer with respect
to the Securities of any series, the Trustee shall give to the Holders of the
Securities of such series, in the manner and to the extent provided in
Section 313(c) of the Trust Indenture Act, notice of such default hereunder
known to the Trustee, unless such default has been cured or waived; provided,
however, that, except in the case of a default in the payment of the principal
of (or premium, if any, on) or interest or Additional Amounts, if any, on 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 clause
(4) of Section 501 with respect to the Securities of such series and
any coupons appertaining thereto, no such notice to Holders shall be given until
at least 60 days after the occurrence thereof. For the purposes of this

- 46 -

 

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. 

     SECTION 602.      Certain Rights
of Trustee. 

     Subject to the provisions of
Section 315(a) through 315(d) of the Trust Indenture Act: 

	 	 	(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 shall be sufficiently evidenced by a Board
  Resolution;
	 
	 	 	(4)     whenever, in the administration of
      this Indenture, the Trustee deems it desirable that a matter be proved or
      established prior to taking, suffering or omitting any action hereunder,
      the Trustee (unless other evidence is
specifically prescribed herein) may, in the absence of bad
      faith on its part, rely on a Company Certificate;

	 	 	(5)     the Trustee may consult with 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 coupons appertaining thereto pursuant to this
      Indenture, unless such Holders 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 determines to make such further inquiry or
      investigation, it shall be entitled to

- 47 -

 

	 	 	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;
	 
	 	 	(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 on it by this Indenture;
	 
	 	 	(10)     the Trustee shall not be deemed to
      have knowledge of any event or fact upon the occurrence of which it may be
      required to take action hereunder unless a Responsible Officer of the
      Trustee has actual knowledge of the occurrence of such event or fact;
      and
	 
	 	 	(11)     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 has 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 any 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 Sections 310(b) and 311 of the Trust
Indenture Act, may otherwise deal with the Company or its Affiliates 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; Trustee
Permitted Investments. 

     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

- 48 -

 

interest on, or investment of, any money received by it
hereunder except as otherwise agreed with and for the sole benefit of the
Company. 

     Pending their use under this
Indenture, moneys held by the Trustee hereunder may be invested in Trustee
Permitted Investments maturing or redeemable at the option of the holder at or
before the time when such moneys are expected to be needed by the Trustee and
shall be so invested pursuant to a Company Order if no Event of Default known to
the Trustee then exists under this Indenture and otherwise at the discretion of
the Trustee. Any investment pursuant to this Section 605 shall be held by
the Trustee as a part of the moneys held by the Trustee hereunder, as
applicable, and shall be sold or redeemed to the extent necessary to make
payments or transfers or anticipated payments from such moneys. 

     The Trustee shall be entitled to
rely on all written investment instructions provided by the Company hereunder,
and shall have no duty to monitor the compliance thereof with the restrictions
set forth herein. The Trustee shall have no responsibility or liability for any
depreciation in the value of any investment or for any loss, direct or indirect,
resulting from any investment made in accordance with a Company Order. The
Trustee shall be without liability to the Company or any Holder or any other
person in the event that any investment made in accordance with a Company Order
shall cause any person to incur any liability or rebates or other monies payable
pursuant to the Internal Revenue Code of 1986, as amended. 

     Any interest realized on
investments and any profit realized upon the sale or other disposition thereof
shall be credited to moneys held by the Trustee hereunder and any loss shall be
charged thereto. 

     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
      (which compensation shall not be limited by any provision of law in regard
      to the compensation of a trustee of an express trust);
	 
	 	 	(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 connection with its administration of
      the trust hereunder (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 

- 49 -

 

		 	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 on all property and funds held or collected by the
Trustee as such, except funds held in trust for the payment of principal of (or
premium, if any, on) or interest or Additional Amounts, if any, on particular
Securities or any coupons. 

     The Company’s payment obligations
pursuant to this Section 606 shall survive the resignation or removal of
the Trustee and discharge of this Indenture. Subject to any other rights
available to the Trustee under applicable bankruptcy law, when the Trustee
incurs expenses after the occurrence of a Default specified in
Section 501(5) or Section 501(6) hereof, the expenses are intended to
constitute expenses of administration under bankruptcy law. 

     SECTION 607.     Trustee
Eligibility; Conflicting Interests. 

     There shall at all times be a
Trustee hereunder which is eligible to act as Trustee under
Section 310(a)(1) of the Trust Indenture Act and has a combined capital and
surplus of at least $50,000,000. If such Trustee 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 Trustee
shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. No obligor on the Securities or
Affiliate of any such obligor shall serve as Trustee on such Securities. If at
any time the Trustee ceases 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. 

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

     (b)      The Trustee may resign
at any time with respect to the Securities of one or more series by giving
written notice thereof to the Company. If an instrument of acceptance by a
successor Trustee has not 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. 

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

     (d)      If at any time: 

	 	 	(1) the Trustee fails to comply with the
      provisions of Section 310(b) of the Trust Indenture Act after written
      request therefor by the Company or 

- 50 -

 

	 	 	any Holder of a Security who has been a bona
      fide Holder of a Security for at least six months, unless the Trustee’s
      duty to resign is stayed in accordance with the provisions of
      Section 310(b) of the Trust Indenture Act, or
	 
	 	 	(2) the Trustee ceases to be eligible
      under Section 607 and fails to resign after written request therefor by
      the Company or any Holder of a Security who has been a bona fide Holder of
      a Security for at least six months, or
	 
	 	 	(3) the Trustee shall become incapable
      of acting or a decree or order for relief by a court having jurisdiction
      in the premises shall have been entered in respect of the Trustee in an
      involuntary case under the United States bankruptcy laws, as now or
      hereafter constituted, or any other applicable Federal or state
      bankruptcy, insolvency or similar law; or a decree or order by a court
      having jurisdiction in the premises shall have been entered for the
      appointment of a receiver, custodian, liquidator, assignee, trustee,
      sequestrator (or other similar official) of the Trustee or of its Property
      and assets or affairs, or any public officer shall take charge or control
      of the Trustee or of its Property and assets or affairs for the purpose of
      rehabilitation, conservation, winding up or liquidation, or
	 
	 	 	(4) the Trustee shall commence a
      voluntary case under the United States bankruptcy laws, as now or
      hereafter constituted, or any other applicable Federal or state
      bankruptcy, insolvency or similar law or shall consent to the appointment
      of or taking possession by a receiver, custodian, liquidator, assignee,
      trustee, sequestrator (or other similar official) of the Trustee or its
      Property and assets or affairs, or shall make an assignment for the
      benefit of creditors, or shall admit in writing its inability to pay its
      debts generally as they become due, or shall take corporate action in
      furtherance of any such action,

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 Section 315(e) of the
Trust Indenture Act, any Holder of a Security who has been a bona fide Holder of
a Security for at least six months may, on behalf of such Holder 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. 

     (e)      If the Trustee resigns,
is removed or becomes incapable of acting, or if a vacancy occurs 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 such 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 is appointed by Act of the Holders of a majority in
principal amount of the Outstanding Securities of such series delivered to the
Company

- 51 -

 

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 has 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 such
Holder 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. 

     (f)      The Company shall give
notice of each resignation and each removal of the Trustee with respect to the
Securities of any series and each appointment of a successor Trustee with
respect to the Securities of any series 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. 

     SECTION 609.     Acceptance of
Appointment by Successor. 

     (a)      In case of the
appointment hereunder of a successor Trustee with respect to all Securities,
every such successor Trustee shall execute, acknowledge and deliver to the
Company and 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. 

     (b)      In case of the
appointment hereunder of a successor Trustee with respect to the Securities of
one or more (but not all) series, the Company, the retiring Trustee and each
successor Trustee with respect to the Securities of one or more series shall
execute and deliver an indenture supplemental hereto, pursuant to
Article Nine, wherein each successor Trustee shall accept such appointment
and which (i) shall contain such provisions as are 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 such series to which the appointment of such successor Trustee
relates, (ii) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as are necessary or desirable to
confirm that all the rights, powers, trusts and duties of the retiring Trustee
with respect to the Securities of such series as to which the retiring Trustee
is not retiring shall continue to be vested in the retiring Trustee and (iii)
shall add to or change any of the provisions of this Indenture as are 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

- 52 -

 

     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 such 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 such series to which the appointment
of such successor Trustee relates. 

     (c)      Upon request of any such
successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such
rights, powers and trusts referred to in paragraph (a) or (b) of this
Section, as the case may be. 

     (d)      No successor Trustee
shall accept its appointment unless at the time of such acceptance such
successor Trustee shall be qualified and eligible under this Article and under
the Trust Indenture Act. 

     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 that 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 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 have not 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.
Whenever reference is made in this Indenture to the authentication and delivery
of Securities by the Trustee or the Trustee’s certificate of 

- 53 -

 

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 or
District of Columbia 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
ceases to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section. 

     Any corporation into which an
Authenticating Agent may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which such Authenticating Agent is 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 is 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 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
the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent ceases 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:

- 54 -

 

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

	 
	UNITED STATES TRUST COMPANY OF NEW YORK,
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 Section 312 of the Trust Indenture
Act, regardless of the source from which such information was derived, and that
the Trustee shall not be held accountable by reason of mailing any material
pursuant to a request made under Section 312(b) of the Trust Indenture Act.

     SECTION 702.     Reports by
Trustee. 

     Within 60 days after August 1
of each year commencing with the first August 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 Section 313(c) of the Trust Indenture
Act a brief report dated as of such August 1 if required by Section 313(a)
of the Trust Indenture Act. 

     SECTION 703.     Reports by
Company. 

     The Company will: 

	 	 	(1)     deliver to the Trustee and each
      Holder, within 15 days after the same are filed with the Commission,
      copies of all reports and information (or copies of such portions of any
      of the foregoing as the Commission may by rules and regulations
      prescribe), if any, exclusive of exhibits, which the Company and any
      guarantors are required to file with the Commission pursuant to
      Section 13 or
15(d) of the Exchange Act or pursuant to the
      immediately following sentence. So long as any Securities remain
      outstanding, the Company and any Subsidiary guarantors shall file with the
      Commission such reports as may be required pursuant to Section 13 of
      the Exchange Act in respect of a security registered pursuant to Section
      12 of the 

- 55 -

 

	 	 	Exchange Act. If the Company or any
      Subsidiary guarantors are not subject to the requirements of
      Section 13 or 15(d) of the Exchange Act (or otherwise required to
      file reports pursuant to the immediately preceding sentence), the Company
      shall deliver to the Trustee and to each Holder, within 15 days after
      the Company and any Subsidiary guarantors would have been required to file
      such information with the Commission were they required to do so,
      financial statements, including any notes thereto (and, in the case of a
      fiscal year end, an auditors’ report by an independent certified public
      accounting firm of established national reputation), and a“Management’s
      Discussion and Analysis of Financial Condition and Results of Operations,”
      substantially equivalent to that which they would have been required to
      include in such quarterly or annual reports, information, documents or
      other reports if they had been subject to the requirements of
      Section 13 or 15(d) of the Exchange Act. Notwithstanding the
      foregoing, to the extent then permitted by federal securities laws or
      regulations or“no-action” letters interpreting such laws or regulations,
      separate financial statements and other information of any Subsidiary
      guarantors shall not be required. The Company and any Subsidiary
      guarantors shall also comply with the other provisions of
      Section 314(a) of the Trust Indenture Act;
	 
	 	 	(2)     file with the Trustee and the
      Commission, in accordance with rules and regulations prescribed from time
      to time by the Commission, such additional information, documents and
      reports with respect to compliance by the Company with the conditions and
      covenants of this Indenture as may be required from time to time by such
      rules and regulations; and
	 
	 	 	(3)     transmit by mail to the Holders of
      Securities, within 30 days after the filing thereof with the Trustee,
      in the manner and to the extent provided in Section 313(c) of the
      Trust Indenture Act, 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.
	 
	 	 	Delivery of such reports,
      information and documents to the Trustee is for informational purposes
      only and the Trustee’s receipt of such shall not constitute constructive
      notice of any information contained therein or determinable from
      information contained therein, including the Company’s compliance with any
      of its covenants hereunder (as to which the Trustee is entitled to rely
      exclusively on Company Certificates).

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

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

	 	 	(a)     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, on such
      dates 

- 56 -

 

	 	 	as are set forth in the Board Resolution or
      indenture supplemental hereto authorizing such series, and
	 
	 	 	(b)     at such other times as the Trustee
      may request in writing, within 30 days after the receipt by the Company of
      any such request, a list of similar form and content as of a date not more
      than 15 days prior to the time such list is furnished; provided,
      however, 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. 

     Except as otherwise provided with
respect to any series of Securities, the Company may consolidate or merge with
or into, or sell, assign, transfer, lease, convey or otherwise dispose of all or
substantially all of its properties or assets in one or more related
transactions to, another Person, provided that in any such case (i) either
the Company shall be the continuing corporation or the surviving Person or the
Person formed by or surviving such consolidation or merger (if other than the
Company) or to which such sale, assignment, transfer, lease, conveyance or other
disposition shall have been made is a corporation organized and validly existing
under the laws of the United States, any state thereof or the District of
Columbia; (ii) such surviving Person assumes all the obligations, including
the due and punctual payment of the principal of (and premium, if any, on) and
interest and Additional Amounts, if any, on all Securities, according to their
tenor, and the due and punctual performance and observance of all covenants and
conditions, of the Company under the Securities and the Indenture pursuant to a
supplemental Indenture in form reasonably satisfactory to the Trustee; and
(iii) immediately after giving effect to such transaction and treating any
indebtedness which becomes an obligation of the Company or any Subsidiary as a
result of such transaction as having been incurred by the Company or such
Subsidiary at the time of the 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 Entity. 

     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 have not 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 

- 57 -

 

any Securities which previously 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. 

     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.    Company
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 a Company 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 contained herein and in the
Securities; 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
on 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 

- 58 -

 

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 such 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 the principal of (or premium, if any, on) or interest or Additional
Amounts, if any, 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 coupons appertaining thereto in any material
respect; or 

     (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 coupons appertaining thereto 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 are 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 hereof which may be defective or
inconsistent with any other provision hereof, 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 coupons
appertaining thereto in any material respect; or 

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

     (11)       to make any change that
does not adversely affect the legal rights under this Indenture of any Holder of
Securities of any series; or 

     (12)       to add a guarantor of
the Securities of any series; or 

     (13)      to comply with the
requirements of the Commission in order to effect or maintain the qualification
of this Indenture under the Trust Indenture Act. 

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     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 such 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 coupons
under this Indenture; provided, however, that no such supplemental indenture
shall, without the consent of the Holder of each Outstanding Security affected
thereby: 

	 	 	(1)      change the Stated Maturity of the
      principal of (or premium, if any, on) or any installment of principal of
      or interest on (or Additional Amounts, if any), 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 payable
      upon the redemption thereof, or change any obligation of the Company to
      pay Additional Amounts pursuant to Section 1009 (except as
      contemplated by clause (1) of Section 801 and permitted by
      clause (1) of Section 901), or reduce the amount of the principal of
      an Original Issue Discount Security which 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
      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 the
      Holders of which is required for any such supplemental indenture, or the
      consent of the Holders of which 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 1010, 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;
      or
	 
	 	 	(4)      release any guarantors from their
      guarantees of the Securities, or, except as contemplated in any
      supplemental indenture, make any change in a guarantee of a Security that
      would adversely affect the interests of the Holders; or
	 
	 	 	(5)      modify the ranking or priority of
      the Securities.

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     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 approves 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
on, an Opinion of Counsel stating that the execution of such supplemental
indenture is authorized or permitted by this Indenture. The Trustee may, but
shall not be obligated to, enter into any such supplemental indenture which
affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise. 

     SECTION 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 so determines, 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 

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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, Interest and Additional Amounts. 

     The Company covenants and agrees
for the benefit of the Holders of each series of Securities that it shall duly
and punctually pay to the Trustee on the applicable date of payment the
principal of (and premium, if any, on) and interest and Additional Amounts, if
any, on the Securities of such 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 and Additional Amounts, if any, on Bearer
Securities on or before Maturity, other than Additional Amounts, if any, payable
as provided in Section 1009 in respect of principal of (or premium, 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.

     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
such series may be presented or surrendered for payment, where Securities of
such series may be surrendered for registration of transfer or exchange and
where notices and demands to or on the Company in respect of the Securities of
such series and this Indenture may be served. If Securities of a series are
issuable as Bearer Securities, the Company shall maintain: (i) in the
Borough of Manhattan, The City of New York, an office or agency where any
Registered Securities of such series may be presented or surrendered for
payment, where any Registered Securities of such series may be surrendered for
exchange, where notices and demands to or on the Company in respect of the
Securities of such series and this Indenture may be served and where Bearer
Securities of such series and any coupons appertaining thereto may be presented
or surrendered for payment in the circumstances described in the following
paragraph (and not otherwise); (ii) subject to any laws or regulations
applicable thereto, in a Place of Payment for such series which is located
outside the United States, an office or agency where Securities of such series
and any coupons appertaining thereto may be presented and surrendered for
payment (including payment of any Additional Amounts payable on Securities of
such series pursuant to Section 1009); provided, however, that if the
Securities of such series are listed on the Luxembourg Stock Exchange, The
International Stock Exchange or any other stock exchange located outside the
United States and such stock exchange so requires, the Company shall maintain a
Paying Agent for the Securities of such series in Luxembourg, 

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London or any other required city located outside the United
States, as the case may be, so long as the Securities of such series are listed
on such exchange; and (iii) subject to any laws or regulations applicable
thereto, in a Place of Payment for such series located outside the United States
an office or agency where any Securities of such series may be surrendered for
registration of transfer, where Securities of such series may be surrendered for
exchange and where notices and demands to or on the Company in respect of the
Securities of such series and this Indenture may be served. The Company shall
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 fails to
maintain any such required office or agency or fails 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 such series and the related coupons may be presented and
surrendered for payment (including payment of any Additional Amounts payable on
Bearer Securities of such series pursuant to Section 1009) at the offices
specified in the Security, in London, England, and the Company hereby appoints
the same as its agent to receive all such presentations, surrenders, notices and
demands, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands. 

     Unless otherwise specified with
respect to any Securities pursuant to Section 301, no payment of the
principal of (or premium, if any, on) or interest or Additional Amounts, if any,
on 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 the principal of (and premium, if any, on) and interest and
Additional Amounts; if any, on any Bearer Security 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 or Additional Amounts, 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 any coupons appertaining thereto 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 shall 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, the Company hereby designates as a
Place of Payment for each series of Securities the office or agency of the
Company in The City of New York, and initially appoints the Trustee at its
Corporate Trust Office as Paying Agent in such city and 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)

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may be payable in a Foreign Currency, or so long as it is
required under any other provision of the Indenture, then the Company shall
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 at any time acts as
its own Paying Agent with respect to any series of any Securities and any
coupons appertaining thereto, it shall, on or before each due date of the
principal of (and premium, if any, on) or interest or Additional Amounts, if
any, on any of the Securities of such 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, if any) or interest or Additional Amounts, if any, so
becoming due until such sums shall be paid to such Persons or otherwise disposed
of as herein provided, and shall promptly notify the Trustee of its action or
failure so to act. 

     Whenever the Company has one or
more Paying Agents for any series of Securities and any coupons appertaining
thereto, it shall, on or before each due date of the principal of (and premium,
if any, on) or interest or Additional Amounts, if any, on any Securities of such
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, if any) or
interest or Additional Amounts, if any, so becoming due, such sum to be held in
trust for the benefit of the Persons entitled to such principal, premium,
interest or Additional Amounts and (unless such Paying Agent is the Trustee) the
Company shall promptly notify the Trustee of its action or failure so to act.

     The Company shall 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 shall: 

		
	 	        (1)      hold all
      sums held by it for the payment of principal of (and premium, if any, on)
      or interest or Additional Amounts, if any, on Securities 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 on the
      Securities) in the making of any such payment of principal (and premium,
      if any) or interest or Additional Amounts, if any; and
	 
	 	        (3)      at any
      time during the continuance of any such default, on 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 on the same trusts as those on which such sums
were held by the Company or such Paying Agent; and, upon such payment by any
Paying 

- 64 -

 

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, if any, on) or interest or Additional Amounts, if any, on any
Security of any series and remaining unclaimed for two years after such
principal (and premium, if any) interest or Additional Amounts, if any, 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 the principal of (and premium, if any, on) and
interest and any Additional Amounts, if any, on any Security of such series,
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. 

     SECTION 1004.      Existence.

     Subject to Article Eight, the
Company shall do or cause to be done all things necessary to preserve and keep
in full force and effect the corporate existence, rights (by certificate of
incorporation, by-laws and statute) and franchises of the Company and each of
its Restricted Subsidiaries; provided that the Company and any such Restricted
Subsidiary shall not be required to preserve the corporate existence of any such
Restricted Subsidiary or any such 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 that the loss thereof is not
disadvantageous in any material respect to the Holders and provided further that
any Restricted Subsidiary may consolidate with, merge into, or sell, convey,
lease or otherwise dispose of all of its property and assets to the Company or
any wholly owned Restricted Subsidiary. 

     SECTION 1005.      Maintenance
of Property. 

     The Company shall cause all
Property used or useful in the conduct of its business or the business of any of
its Restricted Subsidiaries and material to the Company and its Restricted
Subsidiaries taken as a whole to be maintained and kept in good condition,
repair and working order and supplied with all necessary equipment and shall
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 that nothing in this
Section 1005 shall prevent the Company or its Restricted Subsidiaries from
discontinuing the operation or maintenance of any of such Property if such
discontinuance is, in the judgment of the Company, desirable in the conduct of
its business or the business of any of its Restricted Subsidiaries. 

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     SECTION 1006.      Insurance

     The Company shall, and shall cause
each of its Restricted Subsidiaries to, keep all insurable properties insured
against loss or damage to an extent that is commercially reasonable. 

     SECTION 1007.      Payment of
Taxes and Other Claims. 

     The Company shall pay or discharge
or cause to be paid or discharged, before the same shall become delinquent,
(a) all material taxes, assessments and governmental charges levied or
imposed upon the Company or any of its Restricted Subsidiaries or upon the
income, profits or Property of the Company or any of its Restricted Subsidiaries
and (b) all material lawful claims for labor, materials and supplies which,
if unpaid, might by law become a lien upon the Property of the Company or any of
its Restricted Subsidiaries; provided 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 upon stay of execution or the enforcement
thereof and for which adequate reserves in accordance with GAAP or other
appropriate provision has been made. 

     SECTION 1008.      Statement as
to Compliance. 

     The Company shall deliver to the
Trustee within 120 calendar days after the end of each fiscal year of the
Company ending after the date hereof, a brief certificate from its 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 1008, such compliance shall be determined without regard to
any period of grace or requirement of notice under this Indenture. The Company
shall deliver written notice to the Trustee within 30 calendar days after any
executive officer of the Company becomes aware of the occurrence of any event
which constitutes, or with the giving of notice or the lapse of time or both
would constitute, a Default or Event of Default, describing such Default or
Event of Default, its status and what action the Company is taking or proposes
to take with respect thereto. 

     SECTION 1009.      Additional
Amounts. 

     If any Securities of a series
provide for the payment of Additional Amounts, the Company covenants and agrees
for the benefit of the Holders of Securities of such series that it shall 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 clause (1) of Section 502, the payment of the principal of or of
any premium or interest on, or in respect of, any Security of any series or
payment of any 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

- 66 -

 

not be construed as excluding Additional Amounts in those
provisions hereof in which 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 Securities of such series (or if the Securities of
such 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 interest, if there has
been any change with respect to the matters set forth in the below-mentioned
Company Certificate, the Company shall furnish the Trustee and the principal
Paying Agent or Paying Agents, if other than the Trustee, with a Company
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 such series shall be made to Holders of Securities of such series
or any coupons appertaining thereto 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 is required, then such Company Certificate shall specify by country
the amount, if any, required to be withheld on such payments to such Holders of
Securities of such series or any coupons appertaining thereto and the Company
shall 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 such series or any
coupons appertaining thereto until it has received a certificate advising
otherwise and (ii) to make all payments of principal and interest with
respect to the Securities of such series or any coupons appertaining thereto
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 or in reliance on any Company Certificate furnished
pursuant to this Section or in reliance on the Company’s not furnishing such a
Company Certificate. 

     SECTION 1010.      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 1008, 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 not less than 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. 

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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 30 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 a Company Certificate evidencing
compliance with such restriction.

     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 lot, on a pro rata
basis or such method as the Trustee deems fair and appropriate and which may
provide for the selection for redemption of portions (equal to the minimum
authorized denomination for Securities of such series or any integral multiple
thereof) of the principal amount of Securities of such series of a denomination
larger than the minimum authorized denomination for Securities of such series.

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

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

-68-

 

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 which 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;
	 
	 	(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, the notice which
relates to such Security shall state that on and after the Redemption
Date, on 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 on each such Security, or the portion
thereof, to be redeemed and, if applicable, that interest thereon shall
cease to accrue on and after such 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;
	 
	 	(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 appertaining thereto 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; and

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	 	(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.

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

     SECTION 1105.     Deposit of Redemption Price.

     At least one Business Day 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 is an Interest Payment
Date) accrued interest on, all the Securities or portions thereof which are to
be redeemed on such date.

     SECTION 1106.     Securities Payable on Redemption Date.

     Notice of redemption having been given as provided above, 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 defaults 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 such notice, together
with any coupons 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 is not accompanied by
all coupons appertaining thereto 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

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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 surrenders to the Trustee or any Paying Agent any such missing coupon
in respect of which a deduction has been made from the Redemption Price, such
Holder shall be entitled to receive the amount so deducted; provided, however,
that interest represented by a coupon 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 such coupon.

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

     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 accompanied by appropriate evidence of
genuineness and authority) 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 with respect to the Securities of a series, (i) deliver
Outstanding Securities of such series

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(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 (ii) 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.

     SECTION 1203.     Redemption of Securities for Sinking Fund.

     Not less than 60 days prior to each sinking fund payment date for
Securities of any series, the Company shall deliver to the Trustee a Company
Certificate specifying the amount of the next ensuing mandatory sinking fund
payment for such series pursuant to the terms of such 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 such 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 shall also deliver to the Trustee any Securities to be so delivered and
credited. If such Company Certificate specifies 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 on 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.

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     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 thereof,
together with interest, if any, thereon accrued to the Repayment Date specified
in or pursuant to the terms of such Securities. The Company covenants that at
least one Business Day prior to the Repayment Date it shall deposit with the
Trustee or with a Paying Agent (or, if the Company is acting as it 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 is an Interest Payment Date) accrued interest on, all the
Securities or portions thereof, as the case may be, to be repaid on such date.

     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, (i)
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 (ii) a telegram, telex,
facsimile transmission or a letter from a member of a national securities
exchange, or the National Association of Securities Dealers, Inc., 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 which is not to be repaid, must be specified. The
principal amount of any Security providing for prepayment 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

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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 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 defaults 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 any coupons
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 defaults 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.

     If any Bearer Security surrendered for repayment is not accompanied by all
coupons appertaining thereto 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 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 surrenders to the Trustee or any Paying
Agent any such missing coupon in respect of which a deduction has 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 a coupon 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 such
coupon.

     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.

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     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 (i)
defeasance of the Securities of or within a series under Section 1402 or (ii)
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.

     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 “Outstanding” only for the purposes of Section 1405
and the other Sections of this Indenture referred to in clauses (i) and (ii)
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: (i) 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, if any, on)
and interest and Additional Amounts, if any, on such Securities and any coupons
appertaining thereto when such payments are due; (ii) the

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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 1010; (iii) the rights, powers, trusts, duties and
immunities of the Trustee hereunder; and (iv) 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 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 1005 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 clause (4)
of Section 501 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.

     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:

		
	 	(a)      The Company has irrevocably 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) 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: (i) an amount in such currency or currencies,
currency unit or units or composite currency or currencies in which such
Securities and any coupons appertaining thereto are then specified as
payable at Stated Maturity, or (ii) Government Obligations applicable to
such Securities and any coupons appertaining thereto (determined on the
basis of the currency or currencies, currency unit or units or composite
currency or currencies in which such Securities and any coupons
appertaining thereto are then specified as payable at Stated 

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	 	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, if
any, on) and interest and Additional Amounts, if any, on such Securities
and any coupons appertaining thereto, money in an amount, or (iii) 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, (A) the principal of (and premium, if any,
on) and interest and Additional Amounts, 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 (B) 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 has been irrevocably instructed to
apply such money or the proceeds of such Government Obligations to such
payments with respect to such Securities. Before such a deposit, the
Company may give to the Trustee, in accordance with Section 1102, 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, which notice shall be
irrevocable. Such irrevocable redemption notice, if given, shall be
given effect in applying the foregoing.
	 
	 	(b)      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 Trust Indenture
Act with respect to any Security of the Company).
	 
	 	(c)      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 has occurred and is continuing on the
date of such deposit or, insofar as clauses (5) and (6) of Section 501
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).
	 
	 	(d)      In the case of an election under Section 1402, the Company has
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.

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	 	(e)      In the case of an election under Section 1403, the Company has
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.
	 
	 	(f)      The Company has delivered to the Trustee a Company 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 paragraph (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 such Act have been effected.
	 
	 	(g)      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.
	 
	 	(h)      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)
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 or such other qualifying 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 or such
other qualifying 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, 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.

     Unless otherwise specified with respect to any Security pursuant to
Section 301, if, after a deposit referred to in Section 1404(a) has been made,
(i) 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, currency unit or composite currency
other than that in which the deposit pursuant to Section 1404(a) has been made
in respect of such Security or (ii) a Conversion Event occurs in respect of the
currency, currency unit or composite currency in which the deposit pursuant to
Section 1404(a) has

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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, if any, on), and interest and Additional Amounts, if any, on such
Security as the same become 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,
currency unit or composite currency 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, currency unit or composite currency in effect
on the second Business Day prior to each payment date, except, with respect to
a Conversion Event, for such currency, currency unit or composite currency 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 or
such other qualifying 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 or such other qualifying 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.

     SECTION 1406.     Reinstatement.

     If the Trustee or Paying Agent is unable to apply any money in accordance
with this Article Fourteen with respect to any Securities by reason of any
order or judgement of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application then the obligations
under this Indenture and such Securities from which the Company has been
discharged or released pursuant to Sections 1402 or 1403 hereof shall be
revived and reinstated as though no deposit had occurred pursuant to this
Article Fourteen with respect to such Securities, until such time as the
Trustee or Paying Agent is permitted to apply all money held in trust pursuant
to Section 1405 hereof with respect to such Notes in accordance with this
Article Fourteen; provided that if the Company makes any payment of principal
of or any premium or interest or Additional Amounts on any such Security
following such reinstatement of its obligations, the Company shall be
subrogated to the rights (if any) of the Holders of such Securities to receive
such payment from the money so held in trust.

-79-

 

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.

     SECTION 1502.     Call, Notice and Place of Meetings.

     (a)     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 City of New York, as the Trustee determines. 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.

     (b)     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 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 has not made the first publication of the notice
of such meeting within 21 days after receipt of such request or does 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 in The City
of New York, for such
meeting and may call such meeting for such purposes by giving notice
thereof as provided in paragraph (a) above.

     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 (i) a Holder of one or more Outstanding Securities of
such series or (ii) 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 are 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

-80-

 

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(a), 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.

     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 such 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 such 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 any coupons
appertaining thereto, 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 which 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
which 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.

-81-

 

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

     (a)      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 deems 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.

     (b)      The Trustee shall, by an instrument in writing appoint a temporary
chairman of the meeting, unless the meeting has been called by the Company or
by Holders of Securities as provided in Section 1502(b), 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.

     (c)      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 such Holder; 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.

     (d)      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 on 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 series 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

-82-

 

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 such 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 such 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 otherwise expressly provided herein, 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.

     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.

-83-

 

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

	 	 	 
	 
	 	 	
ARBITRON INC.
	 
	 
	 	 	
By: __________________

	 	 	
Name:
	 	 	
Title:
	 
	 
	Attest:____________________
	 	 
	
Name:	 	 
	Title:	 	 
	 
	 
	 	 	
[____________],

As Trustee
	 
	 	 	
By:____________________

	 	 	

Name:
	 	 	
Title:
	 
	Attest:___________________
	 	 
	
Name:	 	 
	Title:	 	 

-84-

 

STATE OF DELAWARE))          
                    ss:

COUNTY OF __________)

On the ___ day of __________, __________, before me personally came to me
known, __________ who, being by me duly sworn, did depose and say that
he/she resides in ___________, that he/she is the __________ of Arbitron Inc., one of the parties described in and which
executed the foregoing instrument; and that he/she signed his/her name thereto
by authority of said corporation.

[Notarial Seal]

____________________

Notary Public

COMMISSION EXPIRES:

STATE OF NEW YORK))          
                     ss:

COUNTY OF NEW YORK)

On the ___ day of __________, __________, before me personally came to me
known, __________, who, being by me duly sworn, did depose and say
that she/he resides at __________, that she/he is a __________ of [Bank], one of the parties described in and which
executed the foregoing instrument; and that he/she signed his/her name thereto
by authority of said corporation.

[Notarial Seal]

____________________

Notary Public

COMMISSION EXPIRES:

-85-

 

EXHIBIT A

FORMS OF CERTIFICATION

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
Companies, 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
2.165-12(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 Colonial Prospective Trust or its agent that
such financial institution will 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 United States
or foreign financial institution(s) 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, in addition, if the owner is a United States or
foreign financial institution described in clause (iii) above (whether or not
also described in clause (i) or (ii)), this is to further certify that such
financial institution 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 “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 absent 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

-86-

 

or an exchange for and
delivery of definitive Securities (or, if relevant, collection of any interest)
cannot be made until we do so certify.

     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 (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 Signatory)

Name:
	Title:

-87-

 

EXHIBIT A-2

FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR

AND CEDEL S.A. 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 Companies, 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 U.S. 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 Colonial Prospective Trust or its agent that such financial
institution will 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 United States or foreign financial
institution(s) 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, to
the further effect, that 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.

-88-

 

     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 Exchange

Date or the relevant Interest Payment

Date occurring prior to the Exchange Date,

as applicable]

	 
	[Morgan Guaranty Trust Company of New York,

Brussels Office,] as Operator of the
Euroclear
 System [Cedel S.A.]
	 
	 
	By:____________________________________________________

-89-<PAGE>
                                                                     EXHIBIT 4.3

Form of certificate representing common stock, par value $.01 per share, of
CSPR.

NUMBER                                                            SHARES
ZQ
   -----------                                                     ------------

                        CORTELCO SYSTEMS PUERTO RICO INC.
                   INCORPORATED UNDER THE LAWS OF PUERTO RICO
                   5,000,000 AUTHORIZED SHARES $.01 PAR VALUE

                                                               CUSIP 22051P 10 6
                                             SEE REVERSE FOR CERTAIN DEFINITIONS

THIS CERTIFIES THAT
                    -----------------------------------------
Is The Owner of
                 -------------------------------

     FULLY PAID AND NON-ASSESSABLE SHARES OF $.01 PAR VALUE COMMON STOCK OF

                        CORTELCO SYSTEMS PUERTO RICO INC.

transferable only on the books of the Company in person or by duly authorized
attorney upon surrender of this Certificate properly endorsed. This Certificate
is not valid unless countersigned by the Transfer Agent and Registrar.

         IN WITNESS WHEREOF, the said Company has caused this Certificate to be
executed by the facsimile signatures of its duly authorized officers and to be
sealed with the facsimile seal of the Company.

Dated:

-----------------------                                 ---------------------
       Secretary                                                President

                                [CORPORATE SEAL]

                                                   COUNTERSIGNED AND REGISTERED:
                                               Computershare Trust Company, Inc.
                                                                   P.O. Box 1596
                                                          Denver, Colorado 80201

                                             By:
                                                 -------------------------------
                                 Transfer Agent & Registrar Authorized Signature

<PAGE>

                        CORTELCO SYSTEMS PUERTO RICO INC.

                 TRANSFER FEE: $20.00 PER NEW CERTIFICATE ISSUED

         The following abbreviations when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM -as tenants in common
TEN ENT -as tenants by the entireties
JT TEN  -as join tenants with right of survivorship and not as tenants in common

UNIF GIFT MIN ACT -....Custodian.... under Uniform Gifts to Minors Act.........
                  (Cust)       (Minor)                                 (State)

    Additional abbreviations may also be used though not in the above list.
--------------------------------------------------------------------------------

FOR VALUE RECEIVED, ____________________________ hereby sell, assign and
transfer unto

PLEASE INSERT SOCIAL SECURITY NUMBER OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

-----------------------------------

--------------------------------------------------------------------------------
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

                                                                         Shares
-----------------------------------------------------------------------
of the Common Stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint ____________________________________________
attorney-in-fact to transfer said stock on the books of the within-named
Corporation, with full power of substitution in the premises.

Dated
      -----------------

                  --------------------------------------------------------------

                  --------------------------------------------------------------
                  NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND
                  WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE
                  IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY
                  CHANGE WHATSOEVER.

Signature(s) Guaranteed:

-----------------------------------

The signatures(s) must be guaranteed by an eligible guarantor institution
(Banks, Stockbrokers, Savings and Loan Associations and Credit Unions with
membership in an approved signature guarantee Medallion Program), pursuant to
S.E.C. Rule 17Ad-15.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]