Document:

ex4-3.htm

    
      

    

    EXHIBIT 4.3

     

    Pacific
Asia Petroleum, Inc.

     

     

     

     

     

    TO

     

     

    

     

     

    [            
]

     

     

     

     

     

    Trustee

     

     

    ________________________

     

     

    

     

     

    Indenture

     

     

    

     

     

    Dated
as of __, 20__

     

     

    ________________________

     

    

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

      
        	 
      	 
      	 
      	
                Page

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      I 

              
	 
      	 
      	 
      	 
      
	 
      	
                DEFINITIONS
      AND OTHER PROVISIONS OF GENERAL APPLICATION

              	 
      
	 
      	 
      	 
      	 
      
	
                Section

              	
                101.

              	
                Definitions

              	
                [__]

              
	
                Section

              	
                102.

              	
                Compliance
      Certificates and Opinions

              	
                [__]

              
	
                Section

              	
                103.

              	
                Form
      of Documents Delivered to Trustee

              	
                [__]

              
	
                Section

              	
                104.

              	
                Acts
      of Holders

              	
                [__]

              
	
                Section

              	
                105.

              	
                Notices,
      Etc. to Trustee and Company

              	
                [__]

              
	
                Section

              	
                106.

              	
                Notice
      to Holders; Waiver

              	
                [__]

              
	
                Section

              	
                107.

              	
                Conflict
      With Trust Indenture Act

              	
                [__]

              
	
                Section

              	
                108.

              	
                Effect
      of Headings and Table of Contents

              	
                [__]

              
	
                Section

              	
                109.

              	
                Successors
      and Assigns

              	
                [__]

              
	
                Section

              	
                110.

              	
                Separability
      Clause

              	
                [__]

              
	
                Section

              	
                111.

              	
                Benefits
      of Indenture

              	
                [__]

              
	
                Section

              	
                112.

              	
                Governing
      Law

              	
                [__]

              
	
                Section

              	
                113.

              	
                Legal
      Holidays

              	
                [__]

              
	
                Section

              	
                114.

              	
                Rules
      by Trustee and Agents

              	
                [__]

              
	
                Section

              	
                115.

              	
                No
      Recourse Against Others

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      II 

              
	 
      	 
      	 
      	 
      
	
                  SECURITY
      FORMS 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                201.

              	
                Forms
      Generally

              	
                [__]

              
	
                Section

              	
                202.

              	
                Form
      of Trustee’s Certificate of Authentication

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      III 

              
	 
      	 
      	 
      	 
      
	
                  THE
      SECURITIES 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                301.

              	
                Amount
      Unlimited; Issuable in Series

              	
                [__]

              
	
                Section

              	
                302.

              	
                Denominations

              	
                [__]

              
	
                Section

              	
                303.

              	
                Execution,
      Authentication, Delivery and Dating

              	
                [__]

              
	
                Section

              	
                304.

              	
                Temporary
      Securities

              	
                [__]

              
	
                Section

              	
                305.

              	
                Registration,
      Registration of Transfer and Exchange

              	
                [__]

              
	
                Section

              	
                306.

              	
                Mutilated,
      Destroyed, Lost and Stolen Securities

              	
                [__]

              
	
                Section

              	
                307.

              	
                Payment
      of Interest; Interest Rights Preserved

              	
                [__]

              
	
                Section

              	
                308.

              	
                Persons
      Deemed Owners

              	
                [__]

              
	
                Section

              	
                309.

              	
                Cancellation

              	
                [__]

              
	
                Section

              	
                310.

              	
                Computation
      of Interest

              	
                [__]

              
	
                Section

              	
                311.

              	
                Global
      Securities; Exchanges; Registration and Registration of
      Transfer

              	
                [__]

              
	
                Section

              	
                312.

              	
                Extension
      of Interest Payment

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                 ARTICLE
      IV 

              
	 
      	 
      	 
      	 
      
	
                  SATISFACTION
      AND DISCHARGE 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                401.

              	
                Satisfaction
      and Discharge of Indenture

              	
                [__]

              
	
                Section

              	
                402.

              	
                Application
      of Trust Money

              	
                [__]

              
	
                Section

              	
                403.

              	
                Satisfaction,
      Discharge and Defeasance of Securities of Any Series

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                ARTICLE
      V 

              
	 
      	 
      	 
      	 
      
	
                  REMEDIES 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                501.

              	
                Events
      of Default

              	
                [__]

              
	
                Section

              	
                502.

              	
                Acceleration
      of Maturity; Rescission and Annulment

              	
                [__]

              
	
                Section

              	
                503.

              	
                Collection
      of Indebtedness and Suits for Enforcement by Trustee

              	
                [__]

              
	
                Section

              	
                504.

              	
                Trustee
      May File Proofs of Claim

              	
                [__]

              
	
                Section

              	
                505.

              	
                Trustee
      May Enforce Claims Without Possession of Securities or
    Coupons

              	
                [__]

              
	
                Section

              	
                506.

              	
                Application
      of Money Collected

              	
                [__]

              
	
                Section

              	
                507.

              	
                Limitation
      on Suits

              	
                [__]

              
	
                Section

              	
                508.

              	
                Unconditional
      Right of Holders to Receive Principal, Premium and
Interest

              	
                [__]

              
	
                Section

              	
                509.

              	
                Restoration
      of Rights and Remedies

              	
                [__]

              
	
                Section

              	
                510.

              	
                Rights
      and Remedies Cumulative

              	
                [__]

              
	
                Section

              	
                511.

              	
                Delay
      or Omission Not Waiver

              	
                [__]

              
	
                Section

              	
                512.

              	
                Control
      by Holders

              	
                [__]

              
	
                Section

              	
                513.

              	
                Waiver
      of Past Defaults

              	
                [__]

              
	
                Section

              	
                514.

              	
                Undertaking
      for Costs

              	
                [__]

              
	
                Section

              	
                515.

              	
                Waiver
      of Stay or Extension Laws

              	
                [__]

              
	
                 

                 

                  ARTICLE
      VI 

              
	 
      	 
      	 
      	 
      
	
                  THE
      TRUSTEE 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                601.

              	
                 
         Certain Duties and Responsibilities

              	
                [__]

              
	
                Section

              	
                602.

              	
                 
         Notice of Defaults

              	
                [__]

              
	
                Section

              	
                603.

              	
                 
         Certain Rights of Trustee

              	
                [__]

              
	
                Section

              	
                604.

              	
                 
         Not Responsible for Recitals or Issuance of
      Securities

              	
                [__]

              
	
                Section

              	
                605.

              	
                 
         May Hold Securities

              	
                [__]

              
	
                Section

              	
                606.

              	
                 
         Money Held in Trust

              	
                [__]

              
	
                Section

              	
                607.

              	
                 
         Compensation and Reimbursement

              	
                [__]

              
	
                Section

              	
                608.

              	
                 
         Disqualification; Conflicting Interests

              	
                [__]

              
	
                Section

              	
                609.

              	
                 
         Corporate Trustee Required; Eligibility

              	
                [__]

              
	
                Section

              	
                610.

              	
                 
         Resignation and Removal; Appointment of
    Successor

              	
                [__]

              
	
                Section

              	
                611.

              	
                 
         Acceptance of Appointment by Successor

              	
                [__]

              
	
                Section

              	
                612.

              	
                 
         Merger, Conversion, Consolidation or Succession to
      Business

              	
                [__]

              
	
                Section

              	
                613.

              	
                 
         Preferential Collection of Claims Against
    Company

              	
                [__]

              
	
                Section

              	
                614.

              	
                 
         Appointment of Authenticating Agent

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      VII 

              
	 
      	 
      	 
      	 
      
	
                  HOLDERS’
      LISTS AND REPORTS BY TRUSTEE AND COMPANY 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                701.

              	
                 
         Company to Furnish Trustee Names and Addresses of
      Holders

              	
                [__]

              
	
                Section

              	
                702.

              	
                 
         Preservation of Information; Communications to
      Holders

              	
                [__]

              
	
                Section

              	
                703.

              	
                 
         Reports by Trustee

              	
                [__]

              
	
                Section

              	
                704.

              	
                 
         Reports by Company

              	
                [__]

              
	
                  

                 

                 

                ARTICLE
      VIII 

              
	 
      	 
      	 
      	 
      
	
                  CONSOLIDATION,
      MERGER, CONVEYANCE OR TRANSFER 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                801.

              	
                 
         Company May Consolidate, Etc. Only on Certain
      Terms

              	
                [__]

              
	
                Section

              	
                802.

              	
                 
         Successor Corporation Substituted

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      IX 

              
	 
      	 
      	 
      	 
      
	
                  SUPPLEMENTAL
      INDENTURES 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                901.

              	
                 
         Supplemental Indentures Without Consent of
      Holders

              	
                [__]

              
	
                Section

              	
                902.

              	
                 
         Supplemental Indentures With Consent of
    Holders

              	
                [__]

              
	
                Section

              	
                903.

              	
                Execution
      of Supplemental Indentures

              	
                [__]

              
	
                Section

              	
                904.

              	
                Effect
      of Supplemental Indentures

              	
                [__]

              
	
                Section

              	
                905.

              	
                Conformity
      With Trust Indenture Act

              	
                [__]

              
	
                Section

              	
                906.

              	
                Reference
      in Securities to Supplemental Indentures

              	
                [__]

              
	
                Section

              	
                907.

              	
                Revocation
      and Effect of Consents

              	
                [__]

              
	
                Section

              	
                908.

              	
                Modification
      Without Supplemental Indenture

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      X 

              
	 
      	 
      	 
      	 
      
	
                  COVENANTS 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                1001.

              	
                Payment
      of Principal, Premium and Interest

              	
                [__]

              
	
                Section

              	
                1002.

              	
                Maintenance
      of Office or Agency

              	
                [__]

              
	
                Section

              	
                1003.

              	
                Money
      for Securities Payments to Be Held in Trust

              	
                [__]

              
	
                Section

              	
                1004.

              	
                Corporate
      Existence

              	
                [__]

              
	
                Section

              	
                1005.

              	
                Defeasance
      of Certain Obligations

              	
                [__]

              
	
                Section

              	
                1006.

              	
                Statement
      by Officers as to Default

              	
                [__]

              
	
                Section

              	
                1007.

              	
                Waiver
      of Certain Covenants

              	
                [__]

              
	
                Section

              	
                1008.

              	
                Maintenance
      of Properties

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      XI 

              
	 
      	 
      	 
      	 
      
	
                  REDEMPTION
      OF SECURITIES 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                1101.

              	
                Applicability
      of Article

              	
                [__]

              
	
                Section

              	
                1102.

              	
                Election
      to Redeem; Notice to Trustee

              	
                [__]

              
	
                Section

              	
                1103.

              	
                Selection
      by Trustee of Securities to Be Redeemed

              	
                [__]

              
	
                Section

              	
                1104.

              	
                Notice
      of Redemption

              	
                [__]

              
	
                Section

              	
                1105.

              	
                Securities
      Payable on Redemption Date

              	
                [__]

              
	
                Section

              	
                1106.

              	
                Securities
      Redeemed in Part

              	
                [__]

              
	 
      	 
      	 
      	 
      
	
                  ARTICLE
      XII 

              
	 
      	 
      	 
      	 
      
	
                  SINKING
      FUNDS 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                1201.

              	
                Applicability
      of Article

              	
                [__]

              
	
                Section

              	
                1202.

              	
                Satisfaction
      of Sinking Fund Payments With Securities

              	
                [__]

              
	
                Section

              	
                1203.

              	
                Redemption
      of Securities for Sinking Fund

              	
                [__]

              

      

    

     

    

      
        	
                  ARTICLE
      XIII 

              
	 
      	 
      	 
      	 
      
	
                  REPAYMENT
      OF SECURITIES AT OPTION OF HOLDERS 

              
	 
      	 
      	 
      	 
      
	
                Section

              	
                1301.

              	
                Applicability
      of Article

              	
                [__]

              
	
                Section

              	
                1302.

              	
                Notice
      of Repayment Date

              	
                [__]

              
	
                Section

              	
                1303.

              	
                Securities
      Payable on Repayment Date

              	
                [__]

              
	
                Section

              	
                1304.

              	
                Securities
      Repaid in Part

              	
                [__]

              

      

    

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

       INDENTURE,
dated as of [ ], 20__, between PACIFIC ASIA PETROLEUM, INC., a corporation duly
organized and existing under the laws of the State of Delaware (herein called
the “Company”),
and [ ] (herein called the “Trustee”).

     

     

    RECITALS
OF THE COMPANY

     

     

         The
Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its unsecured debentures, notes or
other evidences of indebtedness (each herein called a “Security”
or collectively the “Securities”),
in an unlimited aggregate principal amount to be issued in one or more series as
in this Indenture provided.

     

     

         All
things necessary to make this Indenture a valid agreement of the Company, in
accordance with its terms, have been done.

     

     

    NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

     

     

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

     

     

    ARTICLE
I

     

     

    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 Trust
Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein;  (3) all accounting terms not otherwise defined
herein have the meanings assigned to them in accordance with generally accepted
accounting principles, and, except as otherwise herein expressly provided, the
term “generally
accepted accounting principles” with respect to any computation required
or permitted hereunder shall mean such accounting principles as are generally
accepted in the United States at the date of such computation or, at the
election of the Company from time to time, at the date of the execution and
delivery of this Indenture; (4) the word “or” is not exclusive; and (5) 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.

     

     

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

     

     

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

     

     

         “Authenticating
Agent” means any Person authorized by the Trustee to act on behalf of the
Trustee to authenticate Securities.

     

     

         “Authorized
Newspaper” means a newspaper of general circulation, in an official
language of the country of publication or in the English language, customarily
published on a daily basis (including newspapers published on a daily basis
except not published on Legal Holidays, as defined in Section 113) in such country.
Whenever successive weekly publications in an Authorized Newspaper are required
hereunder, they may be made (unless otherwise expressly provided herein) on the
same or different days of the week and in the same or different Authorized
Newspapers.

     

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

     

         “Authorized
Officer” means the Chairman of the Board, the Chief Executive Officer,
the Chief Financial Officer, the Secretary, any Assistant Secretary or any other
officer or agent of the Company duly authorized by the Board of Directors to act
in respect of matters relating to this Indenture.

     

     

         “Board of
Directors” means either the board of directors of the Company or any duly
authorized committee of that board.

     

     

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

     

     

         “Business
Day” when used with respect to any Place of Payment or any other
particular location specified in the Securities or this Indenture, means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which
banking institutions in that Place of Payment such other location, or the city
in which the Corporate Trust Office of the Trustee is located, are authorized or
obligated by law to close, except as may be otherwise specified as contemplated
by Section
301.

     

     

         “Code”
means the Internal Revenue Code of 1986, as amended.

     

     

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

     

     

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

     

     

         “Company
Request” or “Company
Order” means a written request or order signed in the name of the Company
by an Authorized Officer and delivered to the Trustee.

     

     

         “Corporate
Trust Office” means the principal office of the Trustee at which at any
particular time its corporate trust business shall be administered and, with
respect to [ ], shall be located in [ ].

     

     

         “Corporation”
includes corporations, associations, joint stock companies, limited liability
companies and business trusts.

     

     

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

     

     

         “Depository”
means, with respect to any series of Securities issuable or issued in the form
of a Global Security, an entity named as such in the Indenture, or, if no entity
is so named, an entity, if any, named by the Company as such by Board
Resolution, or its successor. The Depository is the entity which holds a Global
Security, if any, and operates the computerized book-entry system through which
ownership interests in the Securities are recorded. Such entity shall at all
times be a registered clearing agency under the Securities Exchange Act of 1934,
as amended, and in good standing thereunder or, in the case of an entity that
holds a Global Security issued outside of the United States, such entity shall
at all times be in compliance with any applicable registration requirements and
in good standing under application regulations.

     

     

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

     

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

     

     

         “Eligible
Obligations” means: (a) with respect to Securities denominated in
Dollars, U.S. Government Obligations; or (b) with respect to Securities
denominated in a currency other than Dollars or in a composite currency, such
other obligations or instruments as shall be specified with respect to such
Securities, as contemplated by Section 301(24).

     

     

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

     

     

         “Global
Security” means a Security, if any, issued to evidence all or a part of a
series of Securities in accordance with Section 301.

     

     

         “Holder”
means the bearer of an Unregistered Security or coupon appertaining thereto or a
Person in whose name a Registered Security is registered in the Security
Register or the Person who is the record owner of any ownership interests in a
Global Security.

     

     

         “Indenture”
means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered
into pursuant to the applicable provisions hereof and shall include the terms of
particular series of Securities established as contemplated by Section 301.

     

     

        “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 that by its terms
bears interest only after Maturity, means interest payable after
Maturity.

     

     

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

     

     

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

     

     

         “Officer’s
Certificate” means a certificate signed by an Authorized Officer and
delivered to the Trustee.

     

     

         “Opinion
of Counsel” means a written opinion of counsel, who may be an employee
of, or counsel for, the Company or an Affiliate of the Company, and who shall be
acceptable to the Trustee.

     

     

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

     

     

         “Outstanding”,
when used with respect to Securities, means, as of the date of determination,
all Securities theretofore authenticated and delivered under this Indenture,
except: (1) Securities
theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation;   (2) Securities or portions thereof for whose payment
or redemption (a) money in the necessary amount has been theretofore deposited
with the Trustee or any Paying Agent (other than the Company) in trust or set
aside and segregated in trust by the Company (if the Company shall act as its
own Paying Agent) for the Holders of such Securities or (b) Eligible Obligations
as contemplated by Sections
401 and 403 in
the necessary amount have been theretofore deposited with the Trustee, in trust,
for the Holders of such Securities (whether or not the Company’s indebtedness in
respect thereof shall be satisfied and discharged for purposes of
this

     

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    Indenture
or otherwise), provided
that, if such Securities are to be redeemed, notice of such redemption has been
duly given pursuant to this Indenture or provision therefor satisfactory to the
Trustee has been made; and (c) Securities that 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 have been presented to the Trustee proof satisfactory to
it and the Company that such Securities are held by a bona fide purchaser in
whose hands such Securities are valid obligations of the Company; provided, however, that in determining
whether the Holders of the requisite principal amount of the Outstanding
Securities have given any request, demand, authorization, direction, notice,
consent or waiver hereunder:

     

     

    (i)
Securities owned by the Company or any other obligor upon the Securities or any
Affiliate of the Company or of such other obligor (unless the Company, such
Affiliate or such obligor owns (A) all Securities Outstanding under this
Indenture or (B) except for the purposes of actions to be taken by Holders of
more than one series or Tranche voting as a class, all Outstanding Securities of
each such series and each such Tranche, as the case may be, determined without
regard to this clause) shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying
upon any such request, demand, authorization, direction, notice, consent or
waiver, only Securities which the Trustee knows to be so owned shall be so
disregarded. Securities so owned which have been pledged in good faith may be
regarded as Outstanding if the pledgee establishes to the satisfaction of the
Trustee the pledgee’s right so to act with respect to such Securities and that
the pledgee is not the Company or any other obligor upon the Securities or any
Affiliate of the Company or of such other obligor;

     

     

    (ii) in
determining whether the Holders of the requisite principal amount of Securities
of any series or Tranche have concurred in any direction, waiver or consent, the
principal amount of Original Issue Discount Securities that shall be deemed to
be outstanding shall be the amount of the principal thereof that would be due
and payable as of the date of such determination upon acceleration of the
maturity thereof pursuant to Section 502;

     

     

    (iii) in
the case of any Security the principal of which is payable from time to time
without presentment or surrender, the principal amount of such Security that
shall be deemed to be Outstanding at any time for all purposes of this Indenture
shall be the original principal amount thereof less the aggregate amount of
principal thereof theretofore paid; and

     

     

    (iv) the
principal amount of any Security which is denominated in a currency other than
Dollars or in a composite currency that shall be deemed to be Outstanding for
such purposes shall be the amount of Dollars that could have been purchased by
the principal amount (or, in the case of an Original Issue Discount Security,
the Dollar equivalent on the date determined as set forth below of the amount
determined as provided in (ii) above) of such currency or composite currency
evidenced by such Security, in each such case certified to the Trustee in an
Officer’s Certificate based (A) on the average of the mean of the buying and
selling spot rates quoted by three banks which are members of the New York
Clearing House Association selected by the Company in effect at 11:00 A.M. (New
York time) in The City of New York on the fifteenth Business Day preceding any
such determination or (B) if on such fifteenth Business Day it is not possible
or practicable to obtain such quotations from such three banks, on such other
quotations or alternative methods of determination that shall be as consistent
as practicable with the method set forth in (A) above.

     

     

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

     

     

         “Periodic
Offering” means an offering of Securities of a series from time to time
any or all of the specific terms of which Securities, including without
limitation the rate or rates of interest, if any, thereon, the Stated Maturity
or Maturities thereof and the redemption provisions, if any, with respect
thereto, are to be determined by the Company or its agents from time to time
subsequent to the initial request for the authentication and delivery of such
Securities by the Trustee, all as contemplated in Section 301 and clause (2) of
Section
303.

     

     

     

    
      
        
        

      

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

     

     

         “Place of
Payment”, when used with respect to the Securities of any series, or any
Tranche thereof, means the place or places where the principal of (and premium,
if any) and interest, if any, on the Securities of that series or Tranche are
payable as specified as contemplated by Section 301.

     

     

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

     

     

         “Redemption
Date”, when used with respect to any Security to be redeemed, means the
date fixed for such redemption by or pursuant to Section 301 of this
Indenture.

     

     

         “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, exclusive of
accrued and unpaid interest, if any.

     

     

         “Registered
Security” means any Security issued hereunder and registered by the
Security Registrar or any recorded interest in a Global Security issued
hereunder.

     

     

         “Regular
Record Date” for the interest payable on any Interest Payment Date on the
Securities of any series means the date specified for that purpose as
contemplated by Section
301.

     

     

         “Repayment
Date”, when used with respect to any Security of any series to be repaid
or repurchased, means the date, if any, fixed for such repayment or for such
repurchase (whether at the option of the Holders or otherwise) pursuant to Section 301 of this
Indenture.

     

     

         “Repayment
Price”, when used with respect to any Security of any series to be
repaid, means the price, if any, at which it is to be repaid pursuant to Section 301.

     

     

         “Responsible
Officer”, when used with respect to the Trustee, means any officer within
the corporate trust department or any other successor group of the Trustee,
including any vice president, assistant vice president, assistant secretary or
any other officer of the Trustee customarily performing functions similar to
those performed by any of the above designated officers and also means, with
respect to a particular corporate trust matter, any other officer of the Trustee
to whom such matter is referred because of his knowledge of and familiarity with
the particular subject.

     

     

         “Security”
or “Securities”
has the meaning stated in the first recital of this Indenture and more
particularly means any Security or Securities authenticated and delivered under
this Indenture.

     

     

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

     

     

         “Senior
Securities” means Securities other than Subordinated
Securities.

     

     

         “series”
or “series
of Securities” means a series of Securities issued under this Indenture
as determined by Board Resolution or as otherwise determined under this
Indenture, and except as otherwise provided in Section 608.

     

     

     

    
      
        
        

      

      
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         “Special
Record Date” for the payment of any Defaulted Interest 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, means the date specified in such Security
as the fixed date on which the principal of such Security or such installment of
principal or interest is due and payable.

     

     

         “Subordinated
Securities” means Securities that by the terms established pursuant to
Subsection 301(10) are subordinate to any specified debt of the
Company.

     

     

         “Subsidiary”
means (1) any corporation, association or other business entity of which more
than 50% of the outstanding total voting stock entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers or
trustees thereof is at the time owned or controlled, directly or indirectly, by
the Company or by one or more other Subsidiaries, or by the Company and one or
more other Subsidiaries or (2) any partnership the sole general partner or the
managing general partner of which is the Company or a Subsidiary of the Company
or the only general partners of which are the Company or of one or more
Subsidiaries of the Company (or any combination thereof). For the purposes of
this definition, “voting stock” means, in the case of a corporation, stock which
ordinarily has voting power for the election of directors, whether at all times
or only so long as no senior class of capital stock has such voting power by
reason of any contingency, in the case of an association or business entity, any
and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock, in the case of a partnership or limited
liability company, partnership or membership interests (whether general or
limited), and any other interest or participation that confers on a Person the
right to receive a share of the profits and losses of, or distributions of
assets of, the issuing Person.

     

     

         “Tranche”
means a group of Securities which (1) are of the same series and (2) have
identical terms except as to principal amount or date of
issuance.

     

     

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

     

     

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

     

     

         “U.S.
Government Obligations” means (1) direct obligations of the United States
for the payment of which its full faith and credit is pledged, or obligations of
a Person controlled or supervised by and acting as an agency or instrumentality
of the United States and the payment of which is unconditionally guaranteed by
the United States and (2) certificates, depositary receipts or other instruments
which evidence a direct ownership interest in obligations described in clause
(1) above or in any specific interest or principal payments due in respect
thereof; provided,
however, that the custodian of such obligations or specific interest or
principal payments shall be a bank or trust company (which may include the
Trustee or any Paying Agent) subject to federal or state supervision or
examination with a combined capital and surplus of at least $50,000,000; and
provided, further, that
except as may be otherwise required by law, such custodian shall be obligated to
pay to the holders of such certificates, depositary receipts or other
instruments the full amount received by such custodian in respect of such
obligations or specific payments and shall not be permitted to make any
deduction therefrom.

     

     

         “U.S.
Person” means a citizen, national or resident of the United States, a
corporation, partnership, limited liability company, or other entity created or
organized in or under the laws of the United States or any political subdivision
thereof, or an estate or trust whose income from sources without the United
States is includible in gross income for United States federal income tax
purposes regardless of its connection with the conduct of a trade or business
within the United States.

     

     

     

    
      
        
        

      

      
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         “Unregistered
Security” means any Security issued hereunder which is not a Registered
Security.

     

     

         “Vice
President”, when used with respect to the Company or the Trustee, means
any vice president, whether or not designated by a number or a word or words
added before or after the title “vice president.”

     

     

         “Yield to
Maturity” means the yield to maturity, calculated by the Company at the
time of issuance of a series of Securities or, if applicable, at the most recent
determination of interest on such series in accordance with accepted financial
practice.

     

     

         Section 102. Compliance Certificates and
Opinions. Except as otherwise expressly provided in this Indenture upon
any application or request by the Company to the Trustee to take any action
under any provision of this Indenture, the Company shall, if requested by the
Trustee, furnish to the Trustee an Officer’s Certificate stating that all
conditions precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that
in the opinion of such counsel all such conditions precedent, 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 704(4)) shall
include: (1) a statement that each individual signing such certificate or
opinion has read such covenant or condition and the definitions herein relating
thereto;  (2) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in
such certificate or opinion are based; (3) a statement that, in the opinion of
each such individual, he has made such examination or investigation as is
necessary to enable him to express an informed opinion as to whether or not such
covenant or condition has been complied with; and (4) a statement as to whether,
in the opinion of each such individual, such condition or covenant has been
complied with.

     

     

         Section
103. Form of Documents
Delivered to Trustee. In any case where several matters are required to
be certified by, or covered by an opinion of, any specified Person, it is not
necessary that all such matters be certified by, or covered by the opinion of,
only one such Person, or that they be so certified or covered by only one
document, but one such Person may certify or give an opinion with respect to
some matters and one or more other such Persons as to other matters, and any
such Person may certify or give an opinion as to such matters in one or several
documents.

     

     

         Any
certificate or opinion of an officer of the Company may be based, insofar as it
relates to legal matters, upon an Opinion of Counsel. Any such Opinion of
Counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the
Company stating that the information with respect to such factual matters is in
the possession of the Company.

     

     

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

     

     

         Section 104. Acts of Holders. (a)
Any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be made, given or taken by Holders may be
embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by an agent duly appointed in writing;
and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and,
where it is hereby expressly required, to the Company. Such instrument or
instruments (and the action embodied therein and 

     

     

    
      
        
        

      

      
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    evidenced
thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments. Proof of execution of any
such instrument or of a writing appointing any such agent, or of the holding by
any Person of Unregistered Securities, shall be sufficient for any purpose of
this Indenture and (subject to Section 601) conclusive in
favor of the Trustee and the Company, if made in the manner provided in this
Section.

     

     

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

     

     

         (c)
The amount of Unregistered Securities held by any Person executing any such
instrument or writings as the Holder thereof, and the numbers of such
Unregistered Securities, and the date of his holding the same, may be proved by
the production of such Unregistered Securities or by a certificate executed, as
depositary, by any trust company, bank, banker or member of a national
securities exchange (wherever situated), if such certificate is in form
satisfactory to the Trustee, showing that at the date therein mentioned such
Person had on deposit with such depositary, or exhibited to it, the Unregistered
Securities therein described; or such facts may be proved by the certificate or
affidavit of the Person executing such instrument or writing as the Holder
thereof, if such certificate or affidavit is in form satisfactory to the
Trustee. The Trustee and the Company may assume that such ownership of any
Unregistered Securities continues until (1) another certificate bearing a later
date issued in respect of the same Unregistered Securities is produced, or (2)
such Unregistered Securities are produced by some other Person, or (3) such
Unregistered Securities are registered as to principal or are surrendered in
exchange for Unregistered Securities, or (4) such Unregistered Securities are no
longer Outstanding.

     

     

         (d)
The fact and date of execution of any such instrument or writing and the amount
and number of Unregistered Securities held by the Person so executing such
instrument or writing may also be proved in any other manner that the Trustee
deems sufficient; and the Trustee may in any instance require further proof with
respect to any of the matters referred to in this Section.

     

     

         (e)
The principal amount (except as otherwise contemplated in clause (x) of the
proviso to the definition of “Outstanding”) and serial numbers of Securities
held by any Person, and the date of holding the same, shall be proved by the
Security Register.

     

     

         (f) Any request, demand,
authorization, direction, notice, consent, election, 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 or the Company in reliance thereon, whether
or not notation of such action is made upon such Security.

     

     

         (g)
The Company may set a record date for purposes of determining the identity of
Holders of any Securities of any series entitled to vote or consent to any
action by vote or consent authorized or permitted by Section 512 or 513. Such record date shall be
the later of 30 days prior to the first solicitation of such consent or the date
of the most recent list of Holders of such Securities furnished to the Trustee
pursuant to Section 701
prior to such solicitation.

     

     

         (h)
If the Company solicits from Holders any request, demand, authorization,
direction, notice, consent, waiver or other Act, the Company may, at its option,
fix in advance a record date for the determination of Holders entitled to give
such request, demand, authorization, direction, notice, consent, waiver or other
Act, but the Company shall have no obligation to do so. 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 the record date shall be deemed to be
Holders for the purposes of determining whether Holders of 

     

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    the
requisite proportion of the 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 the record date.

     

     

         Section
105. Notices, Etc. to
Trustee and Company. Except as otherwise provided herein, any request,
demand, authorization, direction, notice, consent, election, waiver or Act of
Holders or other document provided or permitted by this Indenture to be made
upon, given or furnished to, or filed with,  (1) the Trustee by any
Holder or by the Company shall be sufficient for every purpose hereunder if
made, given, furnished or filed in writing to or with the Trustee at its
Corporate Trust Office, Attention: [ ], [ ], or  (2) the Company by the
Trustee or by any Holder shall be sufficient for every purpose hereunder (unless
otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to the Company addressed to it at the address of its principal
office specified in the first paragraph of this instrument or at any other
address previously furnished in writing to the Trustee by the
Company.

     

     

         Section
106. Notice to
Holders; Waiver. Except as otherwise expressly provided herein, where
this Indenture provides for notice of any event or reports to Holders, such
notice or report shall be sufficiently given if in writing and mailed,
first-class postage prepaid, to each Holder of Registered Securities affected by
such event, at the address of such Holder as it appears in the Security Register
and to addresses filed with the Trustee or preserved on the Trustee’s list
pursuant to Section
702(a) for other Holders (and to such other addressees as may be required
in the case of such notice or report under Section 313(c) of the Trust Indenture
Act), not later than the latest date, and not earlier than the earliest date,
prescribed for the giving of such notice or report.

     

     

        In any case where notice to Holders 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.

     

     

         Notice
shall be sufficiently given to Holders of Unregistered Securities if published
in an Authorized Newspaper in The City of New York and, if such Securities are
listed on any stock exchange outside of the United States, in the city in which
such stock exchange is located, or in such other city or cities as may be
specified in the Securities, once in each of two different calendar weeks, the
first publication to be not earlier than the earliest date, and not later than
the last date, if any, prescribed for the giving of such notice.

     

     

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

     

     

         In
case by reason of the suspension of regular mail service or by reason of any
other cause is impracticable to give such notice by mail, then such notification
that is made with the approval of the Trustee shall constitute a sufficient
notification for every purpose hereunder.

     

     

         If
it is impractical in the opinion of the Trustee or the Company to make any
publication of any notice required hereby in an Authorized Newspaper, any
publication or other notice in lieu thereof that is made or given with the
approval of the Trustee shall constitute a sufficient publication of such
notice.

     

     

         Section
107. Conflict With
Trust Indenture Act. If any provision hereof limits, qualifies or
conflicts with the duties imposed by operation of subsection (c) of Section 318
of the Trust Indenture Act, the imposed duties shall control.

     

     

         Section
108. 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.

     

     

     

    
      
        
        

      

      
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         Section
109. 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
110. Separability
Clause. In case any provision in this Indenture or in the Securities is
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired
thereby.

     

     

         Section
111. Benefits of
Indenture. Nothing in this Indenture or in the Securities, express or
implied, shall give to any Person, other than the parties hereto (including any
Paying Agent appointed pursuant to Section 1002 and
Authenticating Agent appointed pursuant to Section 614 to the extent
provided herein) and their successors hereunder and the Holders, any benefit or
any legal or equitable right, remedy or claim under this Indenture.

     

     

         Section 112. Governing Law. This
Indenture and the Securities shall be governed by and construed in accordance
with the laws of the State of New York.

     

     

         Section
113. Legal
Holidays. In any case where any Interest Payment Date, Redemption Date,
Repayment Date or Stated Maturity of any Security is not a Business Day at any
Place of Payment or the city in which the Corporate Trust Office of the Trustee
is located, then (notwithstanding any other provision of this Indenture or of
the Securities other than a provision in Securities of any series, or any
Tranche thereof, or in the Board Resolution or Officer’s Certificate that
establishes the terms of such Securities or Tranche, that specifically states
that such provision shall apply in lieu of this Section) payment of interest or
principal (and premium, if any) need not be made at such Place of Payment on
such date, but may be made on the next succeeding Business Day at such Place of
Payment with the same force and effect as if made on the Interest Payment Date
or Redemption Date, Repayment Date, or at the Stated Maturity, provided that no interest
shall accrue with respect to such payment for the period from and after such
Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity, as
the case may be.

     

     

         Section
114. Rules by Trustee
and Agents. The Trustee may make reasonable rules for action by or at a
meeting of Holders of one or more series. The Paying Agent or Security Registrar
may make reasonable rules and set reasonable requirements for its
functions.

     

     

         Section
115. No Recourse
Against Others. No past, present or future director, officer, stockholder
or employee, as such, of the Company or any successor corporation shall have any
liability for any obligation of the Company under the Securities or the
Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. Each Holder by accepting a Security waives and
releases all such liability. The waiver and release are part of the
consideration for the execution of this Indenture and the issue of the
Securities.

     

     

    ARTICLE
II

     

     

    SECURITY
FORMS

     

     

         Section
201. Forms
Generally. The Securities of each series and related coupons, if any,
shall be in substantially the form as shall be established by or pursuant to a
Board Resolution or in one or more indentures supplemental hereto, in each case
with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by this Indenture and may have such letters,
numbers or other marks of identification and such legends or endorsements placed
thereon as may be required to comply with the rules of any securities exchange
or as may, consistently herewith, be determined by the officers executing such
Securities, as evidenced by their execution of the Securities. When the form of
Securities of any series is established by action taken pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be delivered to
the Trustee at or prior to the delivery of the Company Order contemplated by
Section 303 for the
authentication and delivery of such Securities.

     

     

     

    
      
        
        

      

      
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         If required or appropriate under
applicable law, Unregistered Securities and their coupons must have the
following statement on their face: “Any United States person who holds this
obligation will be subject to limitations under the United States income tax
laws, including the limitations provided in Sections 165(j) and 1287(a) of the
Internal Revenue Code”. If required or appropriate under applicable law,
Unregistered Securities and their coupons must have the following statement on
their face: “By accepting this obligation, the Holder represents and warrants
that it is not a U.S. Person (other than an exempt recipient described in
section 6049(b)(4) of the Internal Revenue Code and the regulations thereunder)
and that it is not acting for or on behalf of a U.S. Person (other than an
exempt recipient described in section 6049(b)(4) of the Internal Revenue Code
and the regulations thereunder).”

     

     

         The
definitive Securities shall be produced in such manner or combination of
manners, all as determined by the officers executing such Securities, as
evidenced by their execution of such Securities.

     

     

         Section
202. Form of Trustee’s
Certificate of Authentication. The Trustee’s certificate of
authentication shall be in substantially the following form:

     

     

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

     

     

    [                            
]

     

     

               
as Trustee

     

     

    __________________________________

     

     

    By
Authorized Officer

     

     

    ARTICLE
III

     

     

    THE
SECURITIES

     

     

         Section
301. Amount Unlimited;
Issuable in Series. The aggregate principal amount of Securities that may
be authenticated and delivered under this Indenture is unlimited.

     

     

         The
Securities may be issued in one or more series. There may be Registered
Securities and Unregistered Securities within a series. Registered and
Unregistered Securities may be in temporary or permanent global form.
Unregistered Securities may be issued with or without coupons attached.
Unregistered Securities may be subject to such restrictions, and contain such
legends, as may be required by United States laws and regulations. Subject to
the last paragraph of this Section, there shall be established in or pursuant to
a Board Resolution, and set forth in an Officer’s Certificate, or established in
one or more indentures supplemental hereto, prior to the issuance of Securities
of any series,

     

     

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

     

     

         (2) any limit upon the aggregate
principal amount of the Securities of the series that may be authenticated and
delivered under this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of,
other Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1305 and except for any
Securities that, pursuant to Section 303, are deemed never
to have been authenticated and delivered hereunder);

     

     

         (3)
the price or prices (expressed as a percentage of the principal amount thereof)
at which the securities will be issued and the date or dates on which the
principal (and premium, if any) of the Securities of the series, or any Tranche
thereof, is payable;

     

     

     

    
      
        
        

      

      
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         (4)
the date or dates on which the principal of the Securities of such series, or
any Tranche thereof, is payable or any formula or other method or other means by
which such date or dates shall be determined, by reference to an index or other
fact or event ascertainable outside of this Indenture or otherwise (without
regard to any provisions for redemption, prepayment, acceleration, purchase or
extension);

     

     

         (5)
the rate or rates at which the Securities of such series, or any Tranche
thereof, shall bear interest, if any (including the rate or rates at which
overdue principal shall bear interest, if different from the rate or rates at
which such Securities shall bear interest prior to Maturity, and, if applicable,
the rate or rates at which overdue premium or interest shall bear interest, if
any), or any formula or other method or other means by which such rate or rates
shall be determined, by reference to an index or other fact or event
ascertainable outside of this Indenture or otherwise; the date or dates from
which such interest shall accrue; the Interest Payment Dates on which such
interest shall be payable and the Regular Record Date, if any, for the interest
payable on such Securities on any Interest Payment Date; the right of the
Company, if any, to extend the interest payment periods and the duration of any
such extension as contemplated by Section 312; and the basis of
computation of interest, if other than as provided in Section 310;

     

     

         (6)
the place or places where the principal of (and premium, if any) and interest,
if any, on Securities of the series, or any Tranche thereof, shall be payable,
any Registered Securities of the series, or any Tranche thereof, may be
surrendered for registration of transfer, Securities of the series, or any
Tranche thereof, may be surrendered for exchange, and where notices and demands
to or upon the Company in respect of the Securities of the series, or any
Tranche thereof, and this Indenture may be served and notices to Holders
pursuant to Section 106
will be published; the Security Registrar and any Paying Agent or Agents for
such series or Tranche; and if such is the case, that the principal of such
Securities shall be payable without presentment or surrender
thereof;

     

     

         (7)
if applicable, the period or periods within which, the price or prices at which
and the terms and conditions upon which Securities of the series, or any Tranche
thereof, may be redeemed, in whole or in part, at the option of the
Company;

     

     

         (8)
the obligation, if any, of the Company to redeem or purchase Securities of the
series, or any Tranche thereof, pursuant to any sinking fund or analogous
provisions and the period or periods within which, the price or prices at which
and the terms and conditions upon which Securities of the series, or any Tranche
thereof, shall be redeemed or purchased, in whole or in part, pursuant to such
obligation;

     

     

         (9) the obligation, if any, of the
Company to offer to repay or repurchase Securities of the series, or any Tranche
thereof, in circumstances described therein, and the period or periods within
which, the price or prices at which and the terms and conditions upon which
Securities of the series, or any Tranche thereof, shall be repaid or
repurchased, in whole or in part, at the option of the Holders;

     

     

         (10)
the terms, if any, on which the Securities of such series will be subordinate in
right and priority of payment to other debt of the Company;

     

     

         (11)
the right, if any, of the Company to execute and deliver to the Trustee, and to
direct the Trustee to authenticate and deliver in accordance with a Company
Order, a Security of any series, or any Tranche thereof, in lieu of or in
exchange for any Securities of such series, or any Tranche thereof, cancelled
upon redemption or repayment;

     

     

         (12)
the denominations in which any Registered Securities of the series, or any
Tranche thereof, shall be issuable, if other than denominations of $1,000 and
any integral multiple thereof, and the denomination or denominations in which
any Unregistered Securities of the series, or any Tranche thereof, shall be
issuable, if other than the denomination of $5,000;

     

     

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

     

     

         (13)
if other than the principal amount thereof, the portion of the principal amount
of Securities of the series, or any Tranche thereof, that shall be payable upon
declaration of acceleration of the Maturity thereof pursuant to Section 502;

     

     

         (14)
whether Securities of the series are to be issuable as Registered Securities,
Unregistered Securities, or both, whether Securities of the series are to be
issuable with or without coupons, whether any Securities of the series are to be
issuable initially in temporary global form (and, if so, the identity of the
depositary for such Securities) and the circumstances under which such
Securities in temporary global form may be exchanged for definitive Securities,
and whether any Securities of the series are to be issuable in permanent global
form (and, if so, the identity of the depositary for such Securities) 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
311;

     

     

         (15)
whether and under what circumstances the Company will pay additional amounts on
the Securities of that series held by a person who is not a U.S. Person in
respect of taxes or similar charges withheld or deducted and, if so, whether the
Company will have the option to redeem such Securities rather than pay such
additional amounts;

     

     

         (16)
the currency or currencies, including composite currencies, in which payment of
the principal of (and premium, if any) and interest, if any, on the Securities
of the series, or any Tranche thereof, shall be payable (if other than the
currency of the United States of America) and the formula or other method or
other means by which the equivalent of any such amount in Dollars is to be
determined for any purpose, including for the purpose of determining the
principal amount of such Securities deemed to be Outstanding at any
time;

     

     

         (17) if the principal of or premium,
if any, or interest, if any, on the Securities of such series, or any Tranche
thereof, are to be payable, at the election of the Company or a Holder thereof,
in a coin or currency other than that in which the Securities are stated to be
payable, the period or periods within which, and the terms and conditions upon
which, such election may be made;

     

     

         (18)
if the principal of or premium, if any, or interest, if any, on the Securities
of such series, or any Tranche thereof, are to be payable, or are to be payable
at the election of the Company or a Holder thereof, in securities or other
property, the type and amount of such securities or other property, or the
formula or other method or other means by which such amount shall be determined,
and the period or periods within which, and the terms and conditions upon which,
any such election may be made;

     

     

         (19)
if the amount of payments of principal of (and premium, if any) or interest on
the Securities of the series may be determined with reference to an index or
other fact or event ascertainable outside of this Indenture, the manner in which
such amounts shall be determined to the extent not established pursuant to
paragraph (5) of this Section;

     

     

         (20)
the form or forms of the Securities, including such legends as may be required
by United States laws or regulations, the form of any coupons or temporary
Global Security, if any, which may be issued and the forms of any certificates
which may be required hereunder or under United States laws or regulations in
connection with the offering, sale, delivery or exchange of Unregistered
Securities, if any;

     

     

         (21)
the Person to whom any interest on any Registered Security of the series, or any
Tranche thereof, shall be payable, if other than the Person in whose name that
Security is registered at the close of business on the Regular Record Date for
such interest, and the manner in which, or the Person to whom, any interest on
any Unregistered Security of the series, or any Tranche thereof, 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 or permanent Global
Security on an interest payment date will be paid;

     

     

     

    
      
        
        

      

      
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         (22)
any Events of Default, in addition to those specified in Section 501, with respect to
the Securities of such series, and any covenants of the Company for the benefit
of the Holders of the Securities of such series, or any Tranche thereof, in
addition to those set forth in Article X;

     

     

         (23)
the terms, if any, pursuant to which the Securities of such series, or any
Tranche thereof, may be converted into or exchanged for shares of capital stock
or other securities of the Company or any other Person;

     

     

         (24) the obligations or instruments,
if any, that shall be considered to be Eligible Obligations in respect of the
Securities of such series, or any Tranche thereof, denominated in a currency
other than Dollars or in a composite currency, and any additional or alternative
provisions for the reinstatement of the Company’s indebtedness in respect of
such Securities after the satisfaction and discharge thereof as provided in
Section
401;

     

     

         (25)
any exceptions to Section
113, or variation in the definition of Business Day, with respect to the
Securities of such series, or any Tranche thereof;

     

     

         (26)
any collateral security, assurance or guarantee for the Securities of such
series;

     

     

         (27)
the non-applicability of Section 608 to the Securities
of such series or any exceptions or modifications of Section 608 with respect to
the Securities of such series;

     

     

         (28)
any rights or duties of another Person to assume the obligations of the Company
with respect to the Securities of such series (whether as joint obligor, primary
obligor, secondary obligor or substitute obligor) and any rights or duties to
discharge and release any obligor with respect to the Securities of such series
or this Indenture to the extent related to such series;

     

     

         (29)
if a service charge will be made for the registration of transfer or exchange of
Securities of such series, or any Tranche thereof, the amount or terms thereof;
and

     

     

         (30)
any other terms, conditions and rights of the series (which terms, conditions
and rights shall not be inconsistent with the provisions of this Indenture,
except as permitted by Section
901(5)).

     

     

         All
Securities of any one series and the coupons appertaining to any Unregistered
Securities of such series shall be substantially identical except in the case of
Registered Securities as to denomination and except as may otherwise be provided
in or pursuant to such Board Resolution and set forth in such Officer’s
Certificate or in any such indenture supplemental hereto and as reasonably
acceptable to the Trustee. Securities of different series may differ in any
respect.

     

     

         If
the terms and form or forms of any series of Securities are established by or
pursuant to a Board Resolution, the Company shall deliver a copy of such Board
Resolution to the Trustee at or prior to the issuance of such series with (1)
the form or forms of Security that have been approved attached thereto, or (2)
if such Board Resolution authorizes a specific officer or officers to approve
the terms and form or forms of the Securities, a certificate of such officer or
officers approving the terms and form or forms of Security with such form or
forms of Securities attached thereto. Such Board Resolution or certificate may
provide general terms or parameters for Securities of any series and may provide
that the specific terms of particular Securities of a series may be determined
in accordance with or pursuant to the Company Order referred to in Section 303
hereof.

     

     

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

     

     

         With respect to Securities of a
series subject to a Periodic Offering, the indenture supplemental hereto or the
Board Resolution that establishes such series, or the Officer’s Certificate
pursuant to such supplemental indenture or Board Resolution, as the case may be,
may provide general terms or parameters for Securities of such series and
provide either that the specific terms of Securities of such series, or any
Tranche thereof, shall be specified in a Company Order or that such terms shall
be determined by the Company or its agents in accordance with procedures
specified in a Company Order as contemplated by the third paragraph of Section 303.

     

     

         Unless
otherwise specified with respect to a series of Securities pursuant to paragraph
(2) of this Section, any limit upon the aggregate principal amount of a series
of Securities may be increased without the consent of any Holders and additional
Securities of such series may be authenticated and delivered up to the limit
upon the aggregate principal amount authorized with respect to such series as so
increased.

     

     

         Section
302. Denominations. The
Securities of each series shall be issuable in registered or unregistered form
with or without coupons in such denominations as shall be specified as
contemplated by Section
301. In the absence of any such provisions with respect to the Securities
of any series, the Registered Securities of such series shall be issuable in
denominations of $1,000 and any integral multiple thereof and the Unregistered
Securities of the series shall be issuable in denominations of $5,000 and any
integral multiple thereof.

     

     

         Section
303. Execution,
Authentication, Delivery and Dating. The Securities shall be executed on
behalf of the Company by its Chairman of the Board and Chief Executive Officer,
its President, its Senior Vice President, Finance, or its Treasurer, under its
corporate seal reproduced thereon attested by its Secretary or one of its
Assistant Secretaries. The signature of any of these officers on the Securities
may be manual or facsimile. The coupons, if any, of Unregistered Securities
shall bear the manual or facsimile signature of any one of the officers or
assistant officers referred to in the first sentence of this
Section.

     

     

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

     

     

         At
any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities of any series executed by the
Company to the Trustee for authentication, together with a Company Order for the
authentication and delivery of such Securities, and the Trustee in accordance
with the Company Order shall authenticate and deliver such Securities provided, however, that, with
respect to Securities of a series subject to a Periodic Offering, (a) such
Company Order may be delivered by the Company to the Trustee prior to the
delivery to the Trustee of such Securities for authentication and delivery, (b)
the Trustee shall authenticate and deliver Securities of such series for
original issue from time to time, in an aggregate principal amount not exceeding
the aggregate principal amount established for such series, all pursuant to a
Company Order or pursuant to such procedures acceptable to the Trustee as may be
specified from time to time by a Company Order, (c) the maturity date or dates,
original issue date or dates, interest rate or rates and any other terms of
Securities of such series shall be determined by Company Order or pursuant to
such procedures and (d) if provided for in such procedures, such Company Order
may authorize authentication and delivery pursuant to oral or electronic
instructions from the Company or its duly authorized agent or agents, which oral
instructions shall be promptly confirmed in writing.

     

     

         In authenticating such Securities,
and accepting the additional responsibilities under this Indenture in relation
to such Securities, the Trustee shall be entitled to receive, and (subject to
Section 601) shall be
fully protected in relying upon, an Opinion of Counsel stating:

     

     

         (a)
that such form of Securities has been established in conformity with the
provisions of this Indenture;

     

     

     

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

     

     

         (b)
that such terms have been established in conformity with the provisions of this
Indenture; and

     

     

         (c)
that such Securities, when authenticated and delivered by the Trustee and issued
by the Company in the manner and subject to any conditions specified in such
Opinion of Counsel, will constitute valid and legally binding obligations of the
Company, enforceable in accordance with their terms, subject to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to
or affecting creditors’ rights generally and to general equity
principles.

     

     

         Notwithstanding
the provisions of Section
301 and of the preceding paragraphs, if all Securities of a series are
not to be originally issued at one time, it shall not be necessary to deliver
the Officer’s Certificate otherwise required pursuant to Section 301 or the Company
Order and Opinion of Counsel otherwise required pursuant to such preceding
paragraphs at or prior to the time of authentication of each Security of such
series if such documents are delivered at or prior to the authentication upon
original issuance of the first Security of such series to be
issued.

     

     

         If
such form or terms have been so established, the Trustee shall not be required
to authenticate such Securities if the issuance of such Securities pursuant to
this Indenture will affect the Trustee’s own rights, duties or immunities under
the Securities and this Indenture or otherwise in a manner which is not
reasonably acceptable to the Trustee.

     

     

         Each
Registered Security shall be dated the date of its authentication and each
Unregistered Security shall be dated the date of its original
issuance.

     

     

         No
Security shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Security a certificate
of authentication substantially in the form provided for herein executed by the
Trustee by manual signature and no coupon shall be valid until the Security to
which it appertains has been so authenticated, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such Security
has been duly authenticated and delivered hereunder and is entitled to the
benefits of this Indenture.

     

     

         Notwithstanding
the foregoing, until the Company has delivered an Officer’s Certificate to the
Trustee and the Security Registrar stating that, as a result of the action
described, the Company would not suffer adverse consequences under the
provisions of United States law or regulations in effect at the time of the
delivery of Unregistered Securities, the Trustee or the Security Registrar will
(i) deliver Unregistered Securities only outside the United States and its
possessions and (ii) release Unregistered Securities in definitive form to the
person entitled to physical delivery thereof only upon presentation of a
certificate in the form prescribed by the Company.

     

     

         Section 304. Temporary Securities.
Pending the preparation of definitive Registered Securities of any series
(including Global Securities), the Company may execute, and upon Company Order
the Trustee shall authenticate and deliver, temporary Registered Securities
which are printed, lithographed, typewritten, mimeographed or otherwise
produced, in any authorized denomination, substantially of the tenor of the
definitive Registered Securities in lieu of which they are issued and with such
appropriate insertions, omissions, substitutions and other variations as the
officers executing such Securities may determine, as evidenced by their
execution of such Securities. Every temporary Registered Security shall be
executed by the Company and authenticated by the Trustee, and registered by the
Security Registrar, upon the same conditions, and with like effect, as a
definitive Registered Security.

     

     

         If
temporary Securities of any series are issued, the Company will cause definitive
Registered Securities of that series to be prepared without unreasonable delay.
After the preparation of definitive Registered Securities of such series, the
temporary Registered Securities of such series shall be exchangeable for
definitive Registered Securities of such series upon surrender of the temporary
Registered Securities of such series at the office or agency of the Company in a
Place of Payment for that series, without charge to the Holder. Upon surrender
for cancellation of any one or more temporary Registered Securities of any

     

     

     

    series
the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor a like principal amount of definitive Registered Securities of
the same series of authorized denominations. Until so exchanged the temporary
Registered Securities of any series shall in all respects be entitled to the
same benefits under this Indenture as definitive Registered Securities of such
series.

     

     

         Until
definitive Unregistered Securities of any series (including Global Securities)
are ready for delivery, the Company may prepare and execute and the Trustee
shall authenticate one or more temporary Unregistered Securities, which may have
coupons attached or which may be in the form of one or more temporary Global
Unregistered Securities of that series without coupons. The temporary
Unregistered Security or Securities of any series shall be substantially in the
form approved by or pursuant to a Board Resolution and shall be delivered to one
of the Paying Agents located outside the United States and its possessions or to
such other person or persons as the Company shall direct against such
certification as the Company may from time to time prescribe by or pursuant to a
Board Resolution. The temporary Unregistered Security or Securities of a series
shall be executed by the Company and authenticated by the Trustee upon the same
conditions, and with like effect, as a definitive Unregistered Security of such
series, except as provided herein or in the Board Resolution or supplemental
Indenture relating thereto. A temporary Unregistered Security or Securities
shall be exchangeable for definitive Unregistered Securities at the time and on
the conditions, if any, specified in the temporary Security.

     

     

         Upon
any exchange of a part of a temporary Unregistered Security of a series for
definitive Unregistered Securities of such series, the temporary Unregistered
Security shall be endorsed by the Trustee or Paying Agent to reflect the
reduction of its principal amount by an amount equal to the aggregate principal
amount of the definitive Unregistered Securities of such series so exchanged and
endorsed.

     

     

         Section 305. Registration, Registration
of Transfer and Exchange. The Company shall cause to be kept at the
Corporate Trust Office of the Trustee a register (the register maintained in
such office and in any other office or agency of the Company in a Place of
Payment being herein sometimes collectively referred to as the “Security
Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities and of
transfers of Securities. The Trustee is hereby appointed “Security
Registrar” for the purpose of registering Securities and transfers of
Securities as herein provided.

     

     

         Except
in the case of Securities issued in the form of a Global Security, upon
surrender for registration of transfer of any Registered Security of any series
at the office or agency of the Company in a Place of Payment for that series,
the Company shall execute, and the Trustee shall authenticate and deliver, in
the name of the designated transferee or transferees, one or more new Registered
Securities of the same series, of any authorized denominations and of a like
aggregate principal amount.

     

     

         If
both Registered and Unregistered Securities are authorized for a series of
Securities and the terms of such Securities permit, (i) Unregistered Securities
may be exchanged for an equal principal amount of Registered or Unregistered
Securities of the same series and date of maturity in any authorized
denominations upon delivery to the Security Registrar (or a Paying Agent (as
herein defined), if the exchange is for Unregistered Securities) of the
Unregistered Security with all unmatured coupons and all matured coupons in
default appertaining thereto and if all other requirements of the Security
Registrar (or such Paying Agent) and such Securities for such exchange are met,
and (ii) Registered Securities, other than Securities issued in the form of a
Global Security (except as provided in Section 311), may be exchanged
for an equal principal amount of Unregistered Securities of the same series and
date of maturity in any authorized denominations (except that any coupons
appertaining to such Unregistered Securities which have matured and have been
paid shall be detached) upon delivery to the Security Registrar of the
Registered Securities and if all other requirements of the Security Registrar
and such Securities for such exchange are met.

     

     

         Notwithstanding
the foregoing, the exchange of Unregistered Securities for Registered Securities
or Registered Securities for Unregistered Securities will be subject to the
satisfaction of the provisions of United States law and regulations in effect at
the time of such exchange, and no exchange of Registered Securities for
Unregistered Securities will be made until the Company has notified the Trustee
in an Officer’s Certificate and the Security Registrar that, 

     

     

    
      
        
        

      

      
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    as a
result of such exchange, the Company would not suffer adverse consequences under
such law or regulations.

     

     

         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 Security presented or
surrendered for registration of transfer or for exchange shall (if so required
by the Company or the Trustee) 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.

     

     

         Unless
otherwise provided in a Board Resolution or an Officer’s Certificate pursuant to
a Board Resolution, or in an indenture supplemental hereto, with respect to
Securities of any series, or any Tranche thereof, no service charge shall be
made to the Holder for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any
registration of transfer or exchange of Securities, other than exchanges
pursuant to Section 304,
906 or 1106 not involving any
transfer.

     

     

         The
Company shall not be required (i) to issue, register the transfer of or exchange
Securities of any series during a period beginning at the opening of business 15
days before the day of the mailing of a notice of redemption of Securities of
that series selected for redemption under Section 1103 and ending at the
close of business on the day of such mailing, or (ii) to register the transfer
of or exchange any Security so selected for redemption in whole or in part,
except the unredeemed portion of any Security being redeemed in part.
Unregistered Securities or any coupons appertaining thereto shall be
transferable by delivery thereof.

     

     

         Section
306. Mutilated,
Destroyed, Lost and Stolen Securities. If any mutilated Security or a
Security with a mutilated coupon or coupons appertaining to it is surrendered to
the Trustee, the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a replacement Registered Security, if such
surrendered security was a Registered Security, or a replacement Unregistered
Security with coupons corresponding to the coupons appertaining to the
surrendered Security, if such surrendered Security was an Unregistered Security,
of the same series and of like tenor and principal amount and bearing a number
not contemporaneously outstanding.

     

     

         If
there shall be delivered to the Company and the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security or any coupon or
coupons appertaining thereto, and (ii) such bond, security or indemnity as may
be required by them to save each of them and any agent of either of them
harmless, then, in the absence of actual notice to the Company or the Trustee
that such Security or any coupon or coupons appertaining thereto has been
acquired by a bona fide purchaser, the Company shall execute and upon its
request the Trustee shall authenticate and deliver, a replacement Registered
Security, if such Holder’s claim pertains to a Registered Security, or a
replacement Unregistered Security with coupons corresponding to the coupons
appertaining to the destroyed, lost or stolen Unregistered Security or the
Unregistered Security to which such destroyed, lost or stolen coupon or coupons
appertains, if such Holder’s claim pertains to an Unregistered Security, of the
same series and of like tenor and principal amount and bearing a number not
contemporaneously outstanding.

     

     

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

     

     

         Upon the issuance of any new Security
under this Section or any coupon or coupons appertaining thereto, the Company
may require the payment of a sum sufficient to cover any tax or other
governmental 

     

     

    
      
        
        

      

      
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    charge
that may be imposed in relation thereto and any other expenses (including the
fees and expenses of the Trustee) connected therewith.

     

     

         Every
new Security or any coupon or coupons appertaining thereto of any series issued
pursuant to this Section in lieu of any destroyed, lost or stolen Security or
any coupon or coupons appertaining thereto shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed,
lost or stolen Security or any coupon or coupons appertaining thereto is 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 or any
coupon or coupons appertaining thereto of that series duly issued
hereunder.

     

     

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

     

     

         Section
307. Payment of
Interest; Interest Rights Preserved. Unless otherwise provided as
contemplated by Section
301 with respect to the Securities of any series, or any Tranche thereof,
interest on any Registered Security that is payable, and is punctually paid or
duly provided for, on any Interest Payment Date shall be paid to the Person in
whose name that Registered Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest. In case an Unregistered 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 of the Company 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 Unregistered 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 Unregistered Security, but will
be payable only to the Holder of such coupon when due in accordance with
provisions of this Indenture.

     

     

         Any
interest on any Registered Security of any series that is payable, but is not
punctually paid or duly provided for, on any Interest Payment Date (herein
called “Defaulted
Interest”) shall forthwith cease to be payable to the Holder on the
relevant Regular Record Date by virtue of having been such Holder, and such
Defaulted Interest may be paid by the Company, at its election in each case, as
provided in clause (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 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, and at the same time the
Company shall deposit with the Trustee an amount of money equal to the aggregate
amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of
the proposed payment, such money when deposited to be held in trust for the
benefit of the Persons entitled to such Defaulted Interest as in this clause
provided. Thereupon the Trustee shall fix a Special Record Date for the payment
of such Defaulted Interest which shall be not more than 15 days and not less
than 10 days prior to the date of the proposed payment and not less than 10 days
after the receipt by the Trustee of the notice of the proposed payment. The
Trustee shall promptly notify the Company of such Special Record Date and, in
the name and at the expense of the Company, shall cause notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be
mailed, first-class postage prepaid, to each Holder of Registered Securities of
such series at the address of such Holder as it appears in the Security
Register, not less than 10 days prior to such Special Record Date. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor
having been so mailed, such Defaulted Interest shall be paid to the Persons in
whose names the Registered Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on such Special
Record Date and shall no longer be payable pursuant to the following clause (2).
In case an Unregistered Security of any series is surrendered at the office or
agency of the Company in a Place of Payment for such series 

     

     

    
      
        
        

      

      
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    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 Unregistered 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 Unregistered 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 upon such notice as may be required
by such exchange, if, after notice given by the Company to the Trustee of the
proposed payment pursuant to this clause, such manner of payment shall be deemed
practicable by the Trustee.

     

     

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

     

     

         Subject
to the limitations set forth in Section 1002, the Holder of
any coupon appertaining to an Unregistered Security shall be entitled to receive
the interest payable on such coupon upon presentation and surrender of such
coupon on or after the Interest Payment Date of such coupon at an office or
agency maintained for such purpose pursuant to Section 1002.

     

     

         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 Registered Security for the purpose of receiving
payment of principal of (and premium, if any) and (subject to Section 301 and Section 307) interest, 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.

     

     

         Ownership of Registered Securities of
a series shall be proved by the computerized book-entry system of the Depository
in the case of Registered Securities issued in the form of a Global Security.
Ownership of Unregistered Securities may be proved by the production of such
Unregistered Securities or by a certificate or affidavit executed by the person
holding such Unregistered Securities or by a depository with whom such
Unregistered Securities were deposited, if the certificate or affidavit is
satisfactory to the Trustee and the Company. The Company, the Trustee and any
agent of the Company may treat the bearer of any Unregistered Security or coupon
and the person in whose name a Registered Security is registered as the absolute
owner thereof for all purposes.

     

     

         None
of the Company, the Trustee, any Paying Agent or the Security Registrar will
have any responsibility or liability for any aspect of the records relating to
or payments made on account of beneficial ownership interests of a Global
Security or for maintaining, supervising or reviewing any records relating to
such beneficial ownership interests.

     

     

         Section
309. Cancellation. Except
as otherwise specified as contemplated by Section 301 for Securities of
any series, all Securities and coupons surrendered for payment, redemption,
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, if not theretofore cancelled, shall be promptly cancelled by
it. Except as otherwise specified as contemplated by Section 301 for Securities of
any series, the Company may at any time deliver to the Trustee for cancellation
any Securities or coupons previously authenticated and delivered hereunder that
the Company may have acquired in any manner whatsoever or that the Company has
not issued and sold, and all Securities or coupons so delivered shall be
promptly cancelled by 

     

     

    
      
        
        

      

      
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    the
Trustee. No Securities shall be authenticated in lieu of or in exchange for any
Securities or coupons cancelled as provided in this Section, except as expressly
permitted by this Indenture. All cancelled Securities or coupons held by the
Trustee shall be destroyed and the Trustee shall furnish an affidavit to the
Company (setting forth the serial numbers of such Securities) attesting to such
destruction unless by a Company Order the Company shall direct that the
cancelled Securities or coupons be returned to it.

     

     

         Section
310. Computation of
Interest. Except as otherwise specified as contemplated by Section 301 for Securities of
any series, interest on the Securities of each series shall be computed on the
basis of a year of twelve 30-day months.

     

     

         Section
311. Global
Securities; Exchanges; Registration and Registration of Transfer. If
specified as contemplated by Section 301, the Securities
may be issued in the form of one or more Global Securities, which shall be
deposited with the Depository, and, unless otherwise specified in the form of
Global Security adopted pursuant to Section 301, be registered in
the name of the Depository’s nominee.

     

     

         Except as otherwise specified as
contemplated by Section
301, any permanent Global Security shall be exchangeable only as provided
in this paragraph. If the beneficial owners of interests in a permanent Global
Security are entitled to exchange such interests for Securities of such series
of like tenor and principal amount of another authorized form, as specified as
contemplated by Section
301, then without unnecessary delay but in any event not later than the
earliest date on which such interests may be so exchanged, the Company shall
deliver to the Trustee definitive Securities of that series in aggregate
principal amount equal to the principal amount of such permanent Global
Security, executed by the Company. On or after the earliest date on which such
interests may be so exchanged, such permanent Global Security shall be
surrendered from time to time in accordance with instructions given to the
Trustee and the Depository (which instructions shall be in writing but need not
comply with Section 102
or be accompanied by an Opinion of Counsel) by the Depository or such
other depository as shall be specified in the Company Order with respect thereto
to the Trustee, as the Company’s agent for such purpose, to be exchanged, in
whole or in part, for definitive Securities of the same series without charge
and the Trustee shall authenticate and deliver, in exchange for each portion of
such permanent Global Security, a like aggregate principal amount of definitive
Securities of the same series of authorized denominations and of like tenor as
the portion of such permanent Global Security to be exchanged which, unless the
Securities of the series are not issuable both as Unregistered Securities and as
Registered Securities, as specified as contemplated by Section 301, shall be in the
form of Unregistered Securities or Registered Securities, or any combination
thereof, as shall be specified by the beneficial owner thereof; provided, however, that no such
exchanges may occur during the periods specified by Section 305; and provided, further, that no Unregistered
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
unless the Company has complied with the fourth paragraph of Section 305. Promptly
following any such exchange in part, such permanent Global Security shall be
returned by the Trustee, to the Depository or such other depository referred to
above, in accordance with the instructions of the Company referred to
above.

     

     

         The
Global Security may be transferred to another nominee of the Depository, or to a
successor Depository selected by the Company, and upon surrender for
registration of transfer of the Global Security to the Trustee, the Company
shall execute, and the Trustee shall authenticate and deliver, in the name of
the designated transferee, a new Global Security in the same aggregate principal
amount. If at any time the Depository notifies the Company that it is unwilling
or unable to continue as Depository and a successor Depository satisfactory to
the Company is not appointed within 90 days after the Company receives such
notice, the Company will execute, and the Trustee will authenticate and deliver,
Securities in definitive form to the Depository in exchange for the Global
Security. In addition, if at any time the Company determines that it is not in
the best interest of the Company or the beneficial owners of Securities to
continue to have a Global Security representing all of the Securities held by a
Depository, the Company may, at its option, execute, and the Trustee will
authenticate and deliver, Securities in definitive form to the Depository in
exchange for all or a portion of the Global Security. Promptly after any such
exchange of Securities in definitive form for all or a portion of the Global
Security pursuant to this paragraph, the Company shall promulgate regulations
governing registration of transfers and exchanges of Securities in definitive
form, which regulations shall be reasonably satisfactory to the Trustee and
shall thereafter bind every Holder of such Securities.

     

     

     

    
      
        
        

      

      
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         Section 312. Extension of Interest
Payment. The Company shall have the right at any time, so long as the
Company is not in default in the payment of interest on the Securities of any
series hereunder, to extend interest payment periods on all Securities of one or
more series, if so specified as contemplated by Section 301 with respect to
such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to
such Securities. If the Company ever so extends any such interest payment
period, the Company shall promptly notify the Trustee.

     

     

    ARTICLE
IV

     

     

    SATISFACTION AND
DISCHARGE

     

     

         Section
401. Satisfaction and
Discharge of Indenture. (a) This Indenture shall upon Company Request
cease to be of further effect (except as to any surviving rights of registration
of transfer or exchange of Securities herein expressly provided for), and the
Trustee, at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture, when

     

     

    (1)
either

     

     

         (A)
all Securities theretofore authenticated and delivered (other than (i)
Securities which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 306 and (ii)
Securities that are deemed paid and discharged pursuant to Section 403) have been
delivered to the Trustee for cancellation; or

     

     

         (B)
all such Securities 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) are to be called for redemption pursuant to Article XI hereof 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, or

     

     

         
(iv) are deemed paid and discharged pursuant to Section 403, as
applicable,

     

     

    and the
Company, in the case of clause (i), (ii) or (iii) above, has deposited or caused
to be deposited with the Trustee as trust funds in trust for such purpose an
amount of (a) money, or (b) (I) Eligible Obligations which through the payment
of interest and principal in respect thereof in accordance with their terms will
provide on or before the Stated Maturity or Redemption Date, as the case may be,
money in an amount, or (II) a combination of money or Eligible Obligations as
provided in clause (I) above, in each case sufficient, in the opinion of a
nationally recognized firm of independent certified public accountants expressed
in a written certification thereof delivered to the Trustee, to pay and
discharge the entire indebtedness on such Securities not theretofore delivered
to the Trustee for cancellation, for principal (and premium, if any) and
interest, if any, to the date of such deposit (in the case of Securities that
have become due and payable) or to 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

     

     

     

    
      
        
        

      

      
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         (3)
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel, each stating that all conditions precedent herein provided for
relating to the satisfaction and discharge of this Indenture have been
met.

     

     

         Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company
to the Trustee under Section
607, the obligations of the Trustee to any Authenticating Agent under
Section 614 and, if
money or Eligible Obligations have been deposited with the Trustee pursuant to
subclause (B) of clause (1) of this Section or if money or Eligible Obligations
shall have been deposited with or received by the Trustee pursuant to Section 403, the obligations
of the Trustee under Section
402 and the last paragraph of Section 1003 shall
survive.

     

     

         (b)
Upon satisfaction and discharge of this Indenture as provided in this Section 401, the Trustee shall
assign, transfer and turn over to the Company, subject to the lien provided by
Section 607, any and all
money, securities and other property then held by the Trustee for the benefit of
the Holders of the Securities other than money and Eligible Obligations held by
the Trustee pursuant to Section
402.

     

     

         Section
402. Application of
Trust Money. (a) Neither the Eligible Obligations nor the money deposited
with the Trustee pursuant to Section 403(e), nor the
principal or interest payments on any such Eligible Obligations, shall be
withdrawn or used for any purpose other than, and shall be held in trust for,
the payment of the principal of and premium, if any, and interest, if any, on
the Securities or portions of principal amount thereof in respect of which such
deposit was made, all subject, however, to the provisions of Section 1003; provided, however, that, so
long as there shall not have occurred and be continuing an Event of Default, any
cash received from such principal or interest payments on such Eligible
Obligations deposited with the Trustee, if not then needed for such purpose,
shall, to the extent practicable, be invested in Eligible Obligations of the
type described in Section
403(e)(2)(A) maturing at such times and in such amounts as shall be
sufficient to pay when due the principal of and premium, if any, and interest,
if any, due and to become due on such Securities or portions thereof on and
prior to the Maturity thereof, and interest earned from such reinvestment shall
be paid over to the Company as received by the Trustee, free and clear of any
trust, lien or pledge under this Indenture except the lien provided by Section 607; and provided, further, that, so
long as there shall not have occurred and be continuing an Event of Default, any
moneys held by the Trustee in accordance with this Section on the Maturity of
all such Securities in excess of the amount required to pay the principal of and
premium, if any, and interest, if any, then due on such Securities shall be paid
over to the Company free and clear of any trust, lien or pledge under this
Indenture except the lien provided by Section 607.

     

     

         (b) The Company shall pay and shall
indemnify the Trustee against any tax, fee or other charge imposed on or
assessed against Eligible Obligations deposited pursuant to Section 401, 403 or 1007 or the interest and
principal received in respect of such obligations other than any payable by or
on behalf of Holders.

     

     

         Section
403. Satisfaction,
Discharge and Defeasance of Securities of Any Series. The Company shall
be deemed to have paid and discharged the entire indebtedness on all the
Outstanding Securities of any series or Tranche, or any portion of the principal
amount thereof, on the 91st day after the date of the deposit referred to in
subparagraph (e) hereof, and the provisions of this Indenture, as it relates to
such Outstanding Securities of such series, shall be satisfied and discharged
and shall no longer be in effect (and the Trustee, at the expense of the
Company, shall at Company Request execute proper instruments acknowledging the
same), except as to:

     

     

         (a)
the rights of Holders of Securities of such series to receive, solely from the
trust funds described in subparagraph (e) hereof, (i) payment of the principal
of (and premium, if any) and each installment of principal of (and premium, if
any) or interest, if any, on the Outstanding Securities of such series, or
portions thereof, on the Stated Maturity of such principal or installment of
principal or interest or to and including the Redemption Date irrevocably
designated by the Company pursuant to subparagraph (k) hereof and (ii) the
benefit of any mandatory sinking fund payments applicable to the Securities of
such series on the day on which such payments are due and payable in accordance
with the terms of this Indenture and the Securities of such series;

     

     

     

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

     

         (b)
the obligations of the Company and the Trustee with respect to such Securities
of such series under Sections
304, 305, 306, 614,
1002, 1003 and 1203 and, if the Company shall have irrevocably designated
a Redemption Date pursuant to subparagraph (k) hereof, Sections 1104 and 1106; and

     

     

     (c)
the Company’s obligations with respect to the Trustee under Section 607;

     

     

    provided that, the following
conditions shall have been satisfied:

     

     

        (d)
the Company has deposited or caused to be irrevocably deposited (except as
provided in Section 402)
with the Trustee as trust funds in trust, specifically pledged as security for,
and dedicated solely to, the benefit of the Holders of the Securities of such
series, (i) money in an amount, or (ii) (A) Eligible Obligations which through
the payment of interest and principal in respect thereof in accordance with
their terms will provide on or before the due date of any payment referred to in
clause (x) or (y) of this subparagraph (e) money in an amount or (B) a
combination thereof, sufficient, in the opinion of a nationally recognized firm
of independent certified public accountants expressed in a written certification
thereof delivered to the Trustee, to pay and discharge (x) the principal of (and
premium, if any) and each installment of principal (and premium, if any) and
interest, if any, on such Securities on the Stated Maturity of such principal or
installment of principal or interest or to and including the Redemption Date
irrevocably designated by the Company pursuant to subparagraph (k) hereof and
(y) any mandatory sinking fund payments applicable to the Securities of such
series on the day on which such payments are due and payable in accordance with
the terms of this Indenture and of the Securities of such series;

     

     

        (e) such deposit will not result in a
breach or violation of, or constitute a default under, this Indenture or any
other agreement or instrument to which the Company is a party or by which it is
bound;

     

     

         (f)
such provision would not cause any Outstanding Securities of such series then
listed on the NYSE Amex Equities or other securities exchange to be delisted as
a result thereof;

     

     

         (g)
no Event of Default or event that with notice or lapse of time would become an
Event of Default with respect to the Securities of such series has occurred and
is continuing on the date of such deposit or during the period ending on the
91st day after such date;

     

     

         (h)
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel to the effect that (x) the Company has received from, or there has
been published by, the Internal Revenue Service a ruling or (y) there has been a
change in law or regulation occurring after the date hereof, to the effect that
Holders of the Securities of such series will not recognize income, gain or loss
for federal income tax purposes as a result of such deposit, defeasance and
discharge and will be subject to federal income tax on the same amount and in
the same manner and at the same times, as would have been the case if such
deposit, defeasance and discharge had not occurred;

     

     

         (i)
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel, each stating that all conditions precedent provided for relating to
the defeasance contemplated by this Section have been complied with;
and

     

     

         (j)
if the Company has deposited or caused to be deposited money or Eligible
Obligations to pay or discharge the principal of (and premium, if any) and
interest on the Outstanding Securities of a series to and including a Redemption
Date pursuant to subparagraph (e) hereof, such Redemption Date shall be
irrevocably designated by a Board Resolution delivered to the Trustee on or
prior to the date of deposit of such money or Eligible Obligations, and such
Board Resolution shall be accompanied by an irrevocable Company Request that the
Trustee give notice of such redemption in the name and at the expense of the
Company not less than 30 nor more than 60 days prior to such Redemption Date in
accordance with Section
1104.

     

     

     

    
      
        
        

      

      
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    ARTICLE
V

     

     

    REMEDIES

     

     

         Section
501. Events of
Default. “Event of
Default”, wherever used herein with respect to Securities of any series,
means any one of the following events:

     

     

         (1) default in the payment of any
interest upon any Security of that series when it becomes due and payable, and
continuance of such default for a period of 30 days; provided, however, that a
valid extension of the interest payment period by the Company as contemplated in
Section 312 shall not
constitute a failure to pay interest for this purpose; or

     

     

         (2)
default in the payment of the principal of (or premium, if any, on) any Security
of that series at its Maturity; or

     

     

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

     

     

         (4)
default in the performance, or breach, of any covenant or warranty of the
Company in this Indenture (other than a covenant or warranty a default in whose
performance or whose breach is elsewhere in this Section specifically dealt with
or which has expressly been included in this Indenture solely for the benefit of
one or more series of Securities other than that series), 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 aggregate 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

     

     

         (5)
the entry by a court having jurisdiction in the premises of (A) a decree or
order for relief in respect of the Company in an involuntary case or proceeding
under any applicable federal or state bankruptcy, insolvency, reorganization or
other similar law or (B) a decree or order adjudging 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 under any
applicable federal or state law, or appointing a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the
Company or of any substantial part of its property, or ordering the winding up
or liquidation of its affairs, 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 days; or

     

     

         (6)
the commencement by the Company of a voluntary case or proceeding under any
applicable federal or state bankruptcy, insolvency, reorganization or other
similar law or of any other case or proceeding to be adjudicated a bankrupt or
insolvent, or the consent by it to the entry of a decree or order for relief in
respect of the Company in an involuntary case or proceeding under any applicable
federal or state bankruptcy, insolvency, reorganization or other similar law or
to the commencement of any bankruptcy or insolvency case or proceeding against
it, or the filing by it of a petition or answer or consent seeking
reorganization or relief under any applicable federal or state law, or the
consent by it 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 of any substantial part of its property,
or the making by it of an assignment for the benefit of creditors, or the
admission by it in writing of its inability to pay its debts generally as they
become due, or the taking of corporate action by the Company in furtherance of
any such action; or

     

     

         (7) any other Event of Default
provided with respect to Securities of such series as contemplated by Sections 301 and 901(3).

     

     

         Section
502. Acceleration of
Maturity; Rescission and Annulment. If an Event of Default with respect
to any series or Tranche of Senior Securities at the time Outstanding occurs and
is continuing, then, unless the principal of and interest on such series or
Tranche of Senior Securities has already become due and payable,

     

     

    
      
        
        

      

      
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    either
the Trustee or the Holders of a majority in aggregate principal amount of such
series or Tranche of Senior Securities then outstanding, by notice in writing to
the Company (and to the Trustee if given by such Holders), may declare the
principal of and interest on all the Senior Securities of such series or Tranche
(or if any of the Senior Securities are Original Issue Discount Securities or
Indexed Securities, such portion of the principal amount of such Securities as
may be specified in the terms thereof) to be due and payable immediately and
upon any such declaration the same shall become immediately due and payable,
anything in this Indenture or in the Senior Securities of such series or Tranche
contained to the contrary notwithstanding; provided, however, that if an Event of
Default has occurred and is continuing with respect to more than one series or
Tranche of Senior Securities, the Trustee or the Holders of a majority in
aggregate principal amount of the Outstanding Senior Securities (or if any of
the Senior Securities are Original Issue Discount Securities or Indexed
Securities, such portion of the principal amount of such Securities as may be
specified in the terms thereof) of all such series or Tranches (voting as one
class) may make such declaration of acceleration, and not the Holders of the
Senior Securities of any one of such series or Tranches.

     

     

         If
an Event of Default with respect to any series or Tranche of Subordinated
Securities at the time Outstanding occurs and is continuing, then, unless the
principal of and interest on such series or Tranche of Subordinated Securities
has already become due and payable, either the Trustee or the Holders of a
majority in aggregate principal amount of the Subordinated Securities of such
series or Tranche then outstanding, by notice in writing to the Company (and to
the Trustee if given by such Holders), may declare the principal of and interest
on all the Subordinated Securities of such series or Tranche (or if any of the
Subordinated Securities are Original Issue Discount Securities or Indexed
Securities, such portion of the principal amount of such Securities as may be
specified in the terms thereof) to be due and payable immediately and upon any
such declaration the same shall become immediately due and payable, anything in
this Indenture or in the Subordinated Securities of such series contained to the
contrary notwithstanding; provided, however, that if an Event of
Default has occurred and is continuing with respect to more than one series or
Tranche of Subordinated Securities, the Trustee or the Holders of a majority in
aggregate principal amount of the Outstanding Subordinated Securities (or if any
of the Subordinated Securities are Original Issue Discount Securities or Indexed
Securities, such portion of the principal amount of such Securities as may be
specified in the terms thereof) of all such series or Tranche (voting as one
class) may make such declaration of acceleration, and not the Holders of the
Subordinated Securities of any one of such series or Tranches.

     

     

         In
the case of any declaration of acceleration of the Stated Maturity of any
Original Issue Discount Securities or Indexed Securities of a series, the
Company shall furnish the Trustee with an Officer’s Certificate stating the
amount of principal to be paid to a Holder of $1,000 principal amount of such
Securities.

     

     

         At any time after such a declaration
of acceleration with respect to Securities of any series has been made and
before a judgment or decree for payment of the money due has been obtained by
the Trustee as hereinafter in this Article provided, the Event or Events of
Default giving rise to such declaration of acceleration shall, without further
act, be deemed to have been waived, and such declaration and its consequences
shall, without further act, be deemed to have been rescinded and annulled, if
 (1) the Company has paid or deposited with the Trustee a sum sufficient to
pay (A) all overdue interest on all Securities of any such series, (B) the
principal of (and premium, if any, on) any Securities of such series that have
become due otherwise than by such declaration of acceleration and interest
thereon at the rate or rates prescribed therefor in such
Securities,  (C) to the extent that payment of such interest is
lawful, interest upon overdue interest at the rate or rates prescribed therefor
in such Securities, and (D) all amounts due to the Trustee under Section 607;
and  (2) all Events of Default with respect to Securities of that
series, other than the non-payment of the principal of Securities of that series
that 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 Event of Default or impair any right
consequent thereon.

     

     

    
      
        
        

      

      
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         Section
503. Collection of
Indebtedness and Suits for Enforcement by Trustee. If an Event of Default
described in clause (1) or (2) of Section 501 has occurred and
is continuing, the Company shall, upon demand of the Trustee, pay to it, for the
benefit of the Holders of the Securities of the series with respect to which
such Event of Default has occurred, the whole amount then due and payable on
such Securities for principal (and premium, if any) and interest, if any, and,
to the extent that payment of such interest shall be legally enforceable,
interest on any overdue principal (and premium, if any) and on any overdue
interest, at the rate or rates prescribed therefor in such Securities, and, in
addition thereto, such further amount as shall be sufficient to cover any
amounts due to the Trustee under Section 607.

     

     

         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, may prosecute such
proceeding to judgment or final decree and may enforce the same against the
Company or any other obligor upon such Securities and collect the moneys
adjudged or decreed to be payable in the manner provided by law out of the
property of the Company or any other obligor upon such Securities, wherever
situated.

     

     

         If an Event of Default with respect
to Securities of any series occurs and is continuing, the Trustee may in its
discretion proceed to protect and enforce its rights and the rights of the
Holders of Securities of such series by such appropriate judicial proceedings as
the Trustee 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.

     

     

         Section
504. Trustee May File
Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Company or any other obligor upon the
Securities or the property of the Company or of such other obligor or their
creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand on
the Company for the payment of overdue principal or interest) shall be entitled
and empowered, by intervention in such proceeding or otherwise, (i) to file and
prove a claim for the whole amount of principal (and premium, if any) and
interest, if any, owing and unpaid in respect of the Securities and to file such
other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for amounts due to the Trustee under
Section 607 and of the
Holders allowed in such judicial proceeding, and  (ii) 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 to make such payments to the
Trustee and, if the Trustee consents to the making of such payments directly to
the Holders, to pay to the Trustee any amount due it under Section 607.

     

     

         Nothing
herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
or the rights of any Holder thereof or to authorize the Trustee to vote in
respect of the claim of any Holder 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 the Securities or coupons may be
prosecuted and enforced by the Trustee without the possession of any of the
Securities or coupons or the production thereof in any proceeding relating
thereto, and any such proceeding instituted by the Trustee shall be brought in
its own name as trustee of an express trust, and any recovery of judgment shall,
after provision for the payment of the amounts due to the Trustee under Section 607, 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, if any, upon presentation of the Securities in
respect of which or for the benefit of which such money shall have been
collected and the notation thereon of the payment if 

     

     

    
      
        
        

      

      
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    only
partially paid and upon surrender thereof if fully paid:

     

     

         FIRST:
To the payment of all amounts due the Trustee under Section 607;

     

     

         SECOND:
To the payment of the amounts then due and unpaid for principal of (and premium,
if any) and interest, if any, on the Securities in respect of which or for the
benefit of which such money has been collected, ratably, without preference or
priority of any kind, according to the amounts due and payable on such
Securities for principal (and premium, if any) and interest, if any,
respectively; and

     

     

         THIRD:
The balance, if any, to the Company.

     

     

         The
Trustee may fix a record date (with respect to Registered Securities) and
payment date for any such payment to Holders of Securities.

     

     

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

     

     

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

     

     

         (2)
the Holders of not less than a majority in aggregate principal amount of the
Outstanding Securities of all series of Senior Securities in respect of which an
Event of Default has occurred and is continuing, considered as one class, shall
have made written request to the Trustee to institute proceedings in respect of
such Event of Default in its own name as Trustee hereunder if such holder is a
Holder of Senior Securities or the Holders of not less than a majority in
aggregate principal amount of the Outstanding Securities of all series of
Subordinated Securities in respect of which an Event of Default has occurred and
is continuing, considered as one class, shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default in its own
name as Trustee hereunder if such Holder is a Holder of Subordinated
Securities;

     

     

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

     

     

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

     

     

         (5)
no direction inconsistent with such written request has been given to the
Trustee during such 60-day period by the Holders of a majority in aggregate
principal amount of the Outstanding Securities of all series; it being
understood and intended that (subject to Section 508) 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 of such Holders.

     

     

         Section 508. Unconditional Right of
Holders to Receive Principal, Premium and Interest.
Notwithstanding any other provision in this Indenture, the Holder of any
Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of (and premium, if any) and (subject to Section 307) interest, if any,
on such Security on the Stated Maturity or Maturities expressed in such Security
(or, in the case of redemption, on the Redemption Date, or, in the case of
repayment at the option of the Holder, on the Repayment Date) and to institute
suit for the enforcement of any such payment, and such rights shall not be
impaired without the consent of such Holder.

     

     

     

    
      
        
        

      

      
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         Section
509. Restoration of
Rights and Remedies. If the Trustee or any Holder 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, subject to any determination in such proceeding, the Company, the Trustee
and such Holder shall be restored severally and respectively to their former
positions hereunder and thereafter all rights and remedies of the Trustee and
such Holder 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 in the
last paragraph of Section
306, no right or remedy herein conferred upon or reserved to the Trustee
or to the Holders is intended to be exclusive of any other right or remedy, and
every right and remedy shall, to the extent permitted by law, be cumulative and
in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any
right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy.

     

     

         Section
511. Delay or Omission
Not Waiver. No delay or omission of the Trustee or of any Holder of any
Securities 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,
as the case may be.

     

     

         Section
512. Control by
Holders. If an Event of Default shall have occurred and be continuing in
respect of a series of Securities, the Holders of a majority in aggregate
principal amount of the Outstanding Securities of such 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 or Tranche; provided, however, that if an
Event of Default has occurred and is continuing with respect to more than one
series of Senior Securities, the Holders of a majority in aggregate principal
amount of the Outstanding Securities of all such series, considered as one
class, shall have the right to make such direction, an not the Holders of the
Senior Securities of any one of such series, and if an Event of Default has
occurred and is continuing with respect to more than one series of Subordinated
Securities, the Holders of a majority in aggregate principal amount of all such
series, considered as one class, shall have the right to make such direction,
and not the Holders of the Subordinated Securities of any one of such series;
provided, further that
(1) such direction shall not be in conflict with any rule of law
or with this Indenture, and  (2) the Trustee may take any other action
deemed proper by the Trustee which is not inconsistent with such
direction.

     

     

         Section
513. Waiver of Past
Defaults. The Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of any series may on behalf of the Holders
of all the Securities of such series waive any past default hereunder with
respect to such series and its consequences; provided that if any such
past default has occurred with respect to more than one series of Senior
Securities, the Holders of a majority in aggregate principal amount of the
Outstanding Securities of all such series, considered as one class, may make
such waiver, and not the Holders of any one of such series; provided further that if any
such past default has occurred with respect to more than one series of
Subordinated Securities, the Holders of a majority in aggregate principal amount
of the Outstanding Securities of all such series, considered as one class, may
make such waiver, and not the Holders of any one of such series, in each case
except a default (1) in the payment of the principal of (or premium, if
any) or interest, if any, on any Security of such series, or (2) in respect
of a covenant or provision hereof that under Section 902 cannot be modified
or amended without the consent of the Holder of each Outstanding Security of
such series affected.

     

     

     

    
      
        
        

      

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

     

     

         Section
514. Undertaking for
Costs. All parties to this Indenture agree, and each Holder of any
Security by his acceptance thereof shall be deemed to have agreed, that any
court may in its discretion require, in any suit for the enforcement of any
right or remedy under this Indenture, or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that
such court may in its discretion assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in such suit, having due regard to
the merits and good faith of the claims or defenses made by such party litigant;
but the provisions of this Section shall not apply to any suit instituted by the
Company, 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 aggregate
principal amount of the Outstanding Securities of all series in respect of which
such suit may be brought, considered as one class, or to any suit instituted by
any Holder for the enforcement of the payment of the principal of (or premium,
if any) or interest, if any, on any Security on or after the Stated Maturity or
Maturities expressed in such Security (or, in the case of redemption, on or
after the Redemption Date, or, in the case of repayment at the option of the
Holder, on or after the Repayment Date).

     

     

         Section 515. Waiver of Stay or Extension
Laws. The Company covenants (to the extent that it may lawfully do so)
that it will not at any time insist upon, or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any 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 that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such law
and covenants that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted.

     

     

    ARTICLE
VI

     

     

    THE
TRUSTEE

     

     

         Section
601. Certain Duties
and Responsibilities. (a) Except during the continuance of an Event of
Default with respect to Securities of any series,  (1) the Trustee
undertakes to perform, with respect to Securities of such series, such duties
and only such duties as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the
Trustee; and (2) in the absence of bad faith on its part, the Trustee may,
with respect to Securities of such series, conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the
requirements of this Indenture; but in the case of any such certificates or
opinions which by any provision hereof are specifically required to be furnished
to the Trustee, the Trustee shall be under a duty to examine the same to
determine whether or not they conform to the requirements of this
Indenture.

     

     

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

     

     

         (c)
No provision of this Indenture shall be construed to relieve the Trustee from
liability for its own negligent action, its own negligent failure to act, or its
own willful misconduct, except that
(1) this subsection shall not be construed to limit the effect of subsection (a)
of this Section; (2) the Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it shall be proved
that the Trustee was negligent in ascertaining the pertinent facts; (3) the
Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the Holders of a
majority in aggregate principal amount of the Outstanding Securities of any one
or more series, as provided herein, relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred upon 

     

     

    
      
        
        

      

      
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    the
Trustee, under this Indenture with respect to the Securities of such series;
and (4) no provision of this Indenture shall require the Trustee to expend
or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its
rights or powers, if it has reasonable grounds for believing that repayment of
such funds or adequate indemnity against such risk or liability is not
reasonably assured to it.

     

     

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

     

     

         Section
602. Notice of
Defaults. Within 90 days after the occurrence of any default hereunder
with respect to the Securities of any series, the Trustee shall transmit by mail
to all Holders of Securities of such series entitled to receive reports pursuant
to Section 704(3) (and,
if Unregistered Securities of that series are outstanding, shall cause to be
published at least once in an Authorized Newspaper in The City of New York and,
if Securities of that series are listed on any stock exchange outside of the
United States, in the city in which such stock exchange is located) notice of
such default hereunder known to the Trustee, unless such default shall have been
cured or waived; provided, however, that, except in the
case of a default in the payment of the principal of (or premium, if any) or
interest, if any, on any Security of such series or in the payment of any
sinking fund installment with respect to Securities of such series, the Trustee
shall be protected in withholding such notice if and so long as the board of
directors, the executive committee or a trust committee of directors or
Responsible Officers of the Trustee in good faith determine that the withholding
of such notice is in the interest of the Holders of Securities of such series;
and provided, further,
that in the case of any default of the character specified in Section 501(4) with respect to
Securities of such series, no such notice to Holders shall be given until at
least 75 days after the occurrence thereof. For the purpose of this Section, the
term “default”
means any event that is, or after notice or lapse of time or both would become,
an Event of Default with respect to Securities of such series.

     

     

         Section
603. Certain Rights of
Trustee. Subject to the provisions of Section 601 and to the
applicable provisions of the Trust Indenture Act:

     

     

         (a) the Trustee may rely and shall be
protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, debenture, note, other evidence of indebtedness or other paper or
document reasonably believed by it to be genuine and to have been signed or
presented by the proper party or parties;

     

     

         (b)
any request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or Company Order, or as otherwise expressly
provided herein, and any resolution of the Board of Directors may be
sufficiently evidenced by a Board Resolution;

     

     

         (c)
whenever in the administration of this Indenture the Trustee shall deem it
desirable that a matter be proved or established prior to taking, suffering or
omitting any action hereunder, the Trustee (unless other evidence be herein
specifically prescribed) may, in the absence of bad faith on its part, rely upon
an Officer’s Certificate or a certificate of an officer or officers delivered
pursuant to Section 301
and such Officer’s Certificate or certificate of an officer or officers, in the
absence of negligence or bad faith on the part of the Trustee, shall be full
warrant to the Trustee for any action taken, suffered or omitted by it under the
provisions of this Indenture upon the faith thereof;

     

     

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

     

     

     

    
      
        
        

      

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

     

     

         (f)
the Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or
matters as it may see fit, and, if the Trustee shall determine to make such
further inquiry or investigation, it shall (subject to applicable legal
requirements) be entitled to examine, during normal business hours, the books,
records and premises of the Company, personally or by agent or attorney;
and

     

     

         (g)
the Trustee may execute any of the trusts or powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys and the
Trustee shall not be responsible for any misconduct or negligence on the part of
any agent or attorney appointed with due care by it hereunder; no Depository or
Paying Agent shall be deemed an agent of the Trustee and the Trustee shall not
be responsible for any act or omission by any of them.

     

     

         Section 604. Not Responsible for Recitals
or Issuance of Securities. The recitals contained herein and in the
Securities, except the Trustee’s certificate of authentication, shall be taken
as the statements of the Company, and the Trustee or any Authenticating Agent
assumes no responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the
Securities of any series or any coupons. The Trustee or any Authenticating Agent
shall not be accountable for the use or application by the Company of Securities
or the proceeds thereof. The Trustee shall not be responsible for and makes no
representations as to the Company’s ability or authority to issue the
Unregistered Securities or the lawfulness thereof.

     

     

         Section
605. May Hold
Securities. The Trustee, any Authenticating Agent, any Paying Agent, any
Security Registrar or any other agent of the Company or the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Securities
and, subject to Sections
608 and 613, may
otherwise deal with the Company with the same rights it would have if it were
not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such
other agent.

     

     

         Section
606. Money Held in
Trust. Money held by the Trustee or by any Paying Agent (other than the
Company if the Company shall act as Paying Agent) in trust hereunder need not be
segregated from other funds except to the extent required by law. Neither the
Trustee nor any Paying Agent shall be liable for interest on any money received
by it hereunder except as expressly provided herein or otherwise agreed with the
Company.

     

     

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

     

     

         (3)
to indemnify the Trustee for, and to hold it harmless against, any loss,
liability or expense reasonably incurred without negligence, willful misconduct
or bad faith on its part, arising out of or in

     

     

    
      
        
        

      

      
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    connection
with the acceptance or administration of the trust or trusts hereunder or
performance of its duties hereunder, including the costs and expenses of
defending itself against any claim or liability in connection with the exercise
or performance of any of its powers or duties hereunder.

     

     

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

     

     

         Section 608. Disqualification;
Conflicting Interests. If the Trustee has or acquires any conflicting
interest within the meaning of the Trust Indenture Act with respect to the
Securities of any series, it shall either eliminate such conflicting interest or
resign to the extent, in the manner and with the effect, and subject to the
conditions, provided in the Trust Indenture Act and this Indenture. For purposes
of Section 310(b)(1) of the Trust Indenture Act and to the extent permitted
thereby, the Trustee, in its capacity as trustee in respect of the equally
ranked and unsecured Securities of any series, shall not be deemed to have a
conflicting interest arising from its capacity as trustee in respect of the
equally ranked and unsecured Securities of any other series under this Indenture
or any securities issued under the Indenture dated as of [ ] between the Company
and the Trustee [specifically
describe other outstanding indentures with the Trustee].

     

     

         Section
609. Corporate Trustee
Required; Eligibility. There shall at all times be a Trustee hereunder
that shall be a corporation organized and doing business under the laws of the
United States of America, any State thereof or the District of Columbia (or such
other Person as may be permitted to act as Trustee by the Commission),
authorized under such laws to exercise corporate trust powers, having a combined
capital and surplus of at least $50,000,000, subject to supervision or
examination by federal or state authority and qualified and eligible under this
Article, provided that,
neither the Company nor any Affiliate of the Company may serve as Trustee of any
Securities. If such corporation publishes reports of condition at least
annually, pursuant to law or to the requirements of said supervising or
examining authority, then for the purposes of this Section, the combined capital
and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at
any time the Trustee 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
610. 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 611.

     

     

         (b)
The Trustee may resign at any time with respect to the Securities of one or more
series by giving written notice thereof to the Company. If the instrument of
acceptance by a successor Trustee required by Section 611 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 with respect to the
Securities of such series.

     

     

         (c)
The Company may at any time by a Board Resolution remove the Trustee with
respect to the Securities of any or all series.

     

     

         (d)
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 aggregate principal amount of the
Outstanding Securities of such series, delivered to the Trustee and to the
Company.

     

     

         (e)
If at any time: (1) the Trustee fails to comply with Section 608 with respect to
the Securities of any series, after written request therefor by the Company or
by any Holder who has been a bona fide Holder of a Security of such series for
at least six months, or (2) the Trustee ceases to be eligible under Section 609 and fails to
resign after written request therefor by the Company or by any such Holder,
or (3) the Trustee becomes incapable of acting or 

     

     

    
      
        
        

      

      
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    becomes
adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property
is appointed or any public officer takes charge or control of the Trustee or of
its property or affairs for the purpose of rehabilitation, conservation or
liquidation, then, in any such case, subject to Section 514, any Holder who
has been a bona fide Holder of a Security for at least six months may, on behalf
of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee with respect to all Securities and
the appointment of a successor Trustee or Trustees.

     

     

         (f)
If the Trustee resigns, is removed or becomes incapable of acting, or if a
vacancy shall occur in the office of Trustee for any cause, with respect to the
Securities of one or more series, the Company, by a Board Resolution, shall
promptly appoint a successor Trustee or Trustees with respect to the Securities
of that or those series (it being understood that any such successor Trustee may
be appointed with respect to the Securities of one or more or all of such series
and that at any time there shall be only one Trustee with respect to the
Securities of any particular series) and shall comply with the applicable
requirements of Section
611. 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
aggregate principal amount of the Outstanding Securities of such series
delivered to the Company and the retiring Trustee, the successor Trustee so
appointed shall, forthwith upon its acceptance of such appointment in accordance
with the applicable requirements of Section 611, 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 and accepted appointment in the manner required by
Section 611, any Holder
who has been a bona fide Holder of a Security of such series for at least six
months may, subject to Section
514, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series.

     

     

         (g)
The Company shall give notice of each resignation and each removal of the
Trustee with respect to the Securities of any series and each appointment of a
successor Trustee with respect to the Securities of any series by mailing
written notice of such event by first-class mail, postage prepaid, to all
Holders of Securities of such series entitled to receive reports pursuant to
Section 704(3) and, if
any Unregistered Securities are outstanding, by publishing notice of such event
once in an Authorized Newspaper in The City of New York and, if any Unregistered
Securities are listed on any stock exchange outside of the United States, in the
city in which such stock exchange is located. 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.

     

     

         (h) All provisions of this Section
except subparagraph (d) and Section 611(b) (except for the
last clause, after omitting the words “after deducting all amounts owed to the
retiring Trustee pursuant to Section 607,” which shall
apply) shall apply also to any Paying Agent located outside the United States
and its possessions.

     

     

         Section
611. Acceptance of
Appointment by Successor. (a) In case of the appointment hereunder of a
successor Trustee with respect to the Securities of all series, every such
successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment,
and thereupon the resignation or removal of the retiring Trustee shall become
effective and such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties
of the retiring Trustee; but, on the request of the Company or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, execute and
deliver an instrument transferring to such successor Trustee all the rights,
powers and trusts of the retiring Trustee and shall duly assign, transfer and
deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder, subject nevertheless to its lien provided for in Section 607.

     

     

         (b)
In case of the appointment hereunder of a successor Trustee with respect to the
Securities of one or more (but not all) series, the Company, the retiring
Trustee and each successor Trustee with respect to the Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each
successor Trustee shall accept such appointment and which (1) shall contain such
provisions as shall be necessary or desirable to transfer and 

     

     

    
      
        
        

      

      
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    confirm
to, and to vest in, each successor Trustee all the rights, powers, trusts and
duties of the retiring Trustee with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates, (2) if the
retiring Trustee is not retiring with respect to all Securities, shall contain
such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series as to which the retiring Trustee is not
retiring shall continue to be vested in the retiring Trustee, and (3) shall add
to or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same
trust and that each such Trustee shall be trustee of a trust or trusts hereunder
separate and apart from any trust or trusts hereunder administered by any other
such Trustee; and upon the execution and delivery of such supplemental indenture
the resignation or removal of the retiring Trustee shall become effective to the
extent provided therein and each such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates; but, on
request of the Company or any successor Trustee, such retiring Trustee shall
duly assign, transfer and deliver to such successor Trustee, after deducting all
amounts owed to the retiring Trustee pursuant to Section 607, all property and
money held by such retiring Trustee hereunder with respect to the Securities of
that or those series to which the appointment of such successor Trustee
relates.

     

     

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

     

     

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

     

     

         Section
612. 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 the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder, provided such corporation
shall be otherwise qualified and eligible under this Article, without the
execution or filing of any paper or any further act on the part of any of the
parties hereto. In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or
consolidation to such authenticating Trustee may adopt such authentication and
deliver the Securities so authenticated with the same effect as if such
successor Trustee had itself authenticated such Securities. In case any
Securities shall not have been authenticated by such predecessor Trustee, any
such successor Trustee may authenticate and deliver such Securities, 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
613. Preferential
Collection of Claims Against Company. The Trustee shall comply with TIA §
311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee
who has resigned or been removed shall be subject to TIA § 311(a) to the extent
indicated therein.

     

     

         Section
614. Appointment of
Authenticating Agent. At any time when any of the Securities remain
Outstanding the Trustee may appoint an Authenticating Agent or Agents (which may
include any Person that owns, directly or indirectly, all of the capital stock
of the Trustee or a corporation that is a wholly-owned subsidiary of the Trustee
or of such other Person) with respect to one or more series of Securities, or
any Tranche thereof, that shall be authorized to act on behalf of the Trustee to
authenticate Securities of such series or Tranche issued upon original issuance,
exchange, registration of transfer or partial redemption thereof or pursuant to
Section 306, 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. The Trustee shall mail written notice of such appointment by
first-class 

     

     

    
      
        
        

      

      
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    mail,
postage prepaid, to all Holders of Securities of the series or Tranche with
respect to which such Authenticating Agent will serve, and which are entitled to
receive reports pursuant to Section 704(3) and, if any
Unregistered Securities are outstanding, by publishing notice of such event once
in an Authorized Newspaper in The City of New York and, if any Unregistered
Securities are listed on any stock exchange outside of the United States, in the
city in which such stock exchange is located. Wherever reference is made in this
Indenture to the authentication and delivery of Securities by the Trustee or the
Trustee’s certificate of authentication, such reference shall be deemed to
include authentication and delivery on behalf of the Trustee by an
Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
acceptable to the Company and shall at all times be a corporation organized and
doing business under the laws of the United States of America, any state thereof
or the District of Columbia, authorized under such laws to act as Authenticating
Agent, having a combined capital and surplus of not less than $1,000,000 and
subject to supervision or examination by federal or state authority. If such
Authenticating Agent publishes reports of condition at least annually, pursuant
to law or to the requirements of said supervising or examining authority, then
for the purposes of this Section, the combined capital and surplus of such
Authenticating Agent shall be deemed to be its combined capital and surplus as
set forth in its most recent report of condition so published. If at any time an
Authenticating Agent 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 shall be a party, or any
corporation succeeding to the corporate agency or corporate trust business of an
Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation
shall be otherwise eligible under this Section, without the execution or filing
of any paper or any further act on the part of the Trustee or the Authenticating
Agent.

     

     

         An
Authenticating Agent may resign with respect to one or more series of Securities
at any time by giving written notice thereof to the Trustee and to the Company.
The Trustee may at any time terminate the agency of an Authenticating Agent with
respect to one or more series of Securities by giving written notice thereof to
such Authenticating Agent and to the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such
Authenticating Agent ceases to be eligible in accordance with the provisions of
this Section, the Trustee may appoint a successor Authenticating Agent that is
acceptable to the Company and shall provide notice of such appointment to all
Holders of Securities of the series or Tranche with respect to which such
Authenticating Agent will serve, as provided in paragraph (a) of this Section.
Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent.
No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section. An Authenticating Agent appointed pursuant to this
Section shall be entitled to rely on Sections 111, 308, 604 and 605 hereunder.

     

     

         The
Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section, and the Trustee shall be
entitled to be reimbursed for such payments, subject to the provisions of Section 607.

     

     

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

     

     

         This is one of the Securities of the
series designated pursuant to and issued under the within-mentioned
Indenture.

     

     

    
      
        
        

      

      
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              [                                      
      ]

            
	
                     
      As Trustee

            
	 
      	 
      
	 
      	 
      
	
              By

            	 
      
	 
      	
              As
      Authenticating Agent on behalf of the Trustee

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
              By

            	 
      
	 
      	
              Authorized
      Officer of Authenticating Agent

            

    

     

    Dated:
                                                                        

     

     

         If
all of the Securities of a series may not be originally issued at one time, and
if the Trustee does not have an office capable of authenticating Securities upon
original issuance located in a Place of Payment where the Company wishes to have
Securities of such series authenticated upon original issuance, the Trustee, if
so requested by the Company in writing (which writing need not comply with Section 102 and need not be
accompanied by an Opinion of Counsel), shall appoint, in accordance with this
Section and in accordance with such procedures as shall be acceptable to the
Trustee, an Authenticating Agent (which, if so requested by the Company, may be
an Affiliate of the Company) having an office in a Place of Payment designated
by the Company with respect to such series of Securities.

     

     

    ARTICLE
VII

     

     

    HOLDERS’ LISTS AND REPORTS
BY TRUSTEE AND COMPANY

     

     

         Section
701. Company to
Furnish Trustee Names and Addresses of Holders. The Company will furnish
or cause to be furnished to the Trustee (a) semi-annually, not later than
the 15th day after each Regular Record Date for each series of Registered
Securities at the time Outstanding or on June 30 and December 31 of each year
with respect to each series of Securities for which there are no Regular Record
Dates, a list, in such form as the Trustee may reasonably require, containing
all the information in the possession or control of the Company, or any of its
Paying Agents other than the Trustee, of the names and addresses of the Holders
of Registered Securities of such series, including Holders of interests in
Global Securities, as of such preceding Regular Record Date or on June 15 or
December 15, as the case may be, or, in the case of a series of non-interest
bearing Securities, on a date to be determined as contemplated pursuant to Section 301, 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; excluding from any such list
names and addresses received by the Trustee in its capacity as Security
Registrar for Registered Securities other than Global
Securities.

     

     

         Section
702. Preservation of
Information; Communications to Holders. (a) The Trustee shall preserve,
in as current a form as is reasonably practicable, the names and addresses of
Holders of Registered Securities contained in the most recent list furnished to
the Trustee as provided in Section 701 and the names and
addresses of Holders of Registered Securities received by the Trustee in its
capacity as Security Registrar or Paying Agent. The Trustee may destroy any list
furnished to it as provided in Section 701 upon receipt of a
new list so furnished.

     

     

     (b)
If three or more Holders (herein referred to as “applicants”) apply in writing
to the Trustee, and furnish to the Trustee reasonable proof that each such
applicant has owned a Security for a period of at least six months preceding the
date of such application, and such application states that the applicants desire
to communicate with other Holders with respect to their rights under this
Indenture or under the Securities and is accompanied by a copy of the form of
proxy or other communication that such applicants propose to transmit, then the
Trustee shall, within five business days after the receipt of such application,
at its election, either (i) afford such applicants access to the information
preserved at the time by the Trustee in accordance with Section 702(a), or (ii) inform
such applicants as to the approximate number of Holders whose names

     

     

    
      
        
        

      

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

     

     

         If
the Trustee elects not to afford such applicants access to such information, the
Trustee shall, upon the written request of such applicants, mail to each Holder
whose name and address appear in the information preserved at the time by the
Trustee in accordance with Section 702(a) a copy of the
form of proxy or other communication that is specified in such request, with
reasonable promptness after a tender to the Trustee by the applicants of the
material to be mailed and of payment, or provision for the payment, of the
reasonable expenses of mailing, unless within five days after such tender the
Trustee shall mail to such applicants and file with the Commission, together
with a copy of the material to be mailed, a written statement to the effect
that, in the opinion of the Trustee, such mailing would be contrary to the best
interest of the Holders or would be in violation of applicable law. Such written
statement shall specify the basis of such opinion. If the Commission, after
opportunity for a hearing upon the objections specified in the written statement
so filed, enters an order refusing to sustain any of such objections or if,
after the entry of an order sustaining one or more of such objections, the
Commission finds, after notice and opportunity for hearing, that all the
objections so sustained have been met and enters an order so declaring, the
Trustee shall mail copies of such material to all such Holders with reasonable
promptness after the entry of such order and the renewal of such tender by such
applicants; otherwise the Trustee shall be relieved of any obligation or duty to
such applicants respecting their application.

     

     

         (c) 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 agent of either of them
shall be held accountable by reason of the disclosure of any such information as
to the names and addresses of the Holders in accordance with Section 702(b), regardless of
the source from which such information was derived, and that the Trustee shall
not be held accountable by reason of mailing any material pursuant to a request
made under Section
702(b).

     

     

         Section
703. Reports by
Trustee. (a) Within 60 days after May 31 of each year commencing with the
year 20__, the Trustee shall transmit by mail to all Holders of Registered
Securities of any series, as their names and addresses appear in the Security
Register and to all other Holders who are entitled to receive reports pursuant
to Section 704(3), a
brief report dated as of such May 31 with respect to any of the following events
which may have occurred within the previous 12 months (but if no such event has
occurred within such period no report need be transmitted):

     

     

         (1)
any change to its eligibility under Section 609 and its
qualifications under Section
608;

     

     

         (2)
the creation of or any material change to a relationship specified in paragraphs
(1) through (10) of Section
310(b) of the Trust Indenture Act;

     

     

         (3)
the character and amount of any advances (and if the Trustee elects so to state,
the circumstances surrounding the making thereof) made by the Trustee (as such)
which remain unpaid on the date of such report, and for the reimbursement of
which it claims or may claim a lien or charge, prior to that of the Securities
of such series or any related coupons, on any property or funds held or
collected by it as Trustee, except that the Trustee shall not be required (but
may elect) to report such advances if such advances so remaining unpaid
aggregate not more than one-half of 1% of the principal amount of the Securities
of such series Outstanding on the date of such report;

     

     

         (4)
the amount, interest rate and maturity date of all other indebtedness owing by
the Company (or by any other obligor on the Securities of such series) to the
Trustee in its individual capacity, on the date of such report, with a brief
description of any property held as collateral security therefor, except an
indebtedness based upon a creditor relationship arising in any manner described
in paragraphs (2), (3), (4) or (6) of Section 311(b) of the Trust
Indenture Act;

     

     

    
      
        
        

      

      
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         (5)
any change to the property and funds, if any, physically in the possession of
the Trustee as such on the date of such report;

     

     

         (6)
any additional issue of Securities which the Trustee has not previously
reported; and

     

     

         (7)
any action taken by the Trustee in the performance of its duties hereunder which
it has not previously reported and which in its opinion materially affects the
Securities of such series, except action in respect of a default, notice of
which has been or is to be withheld by the Trustee in accordance with Section 602.

     

     

         (b) The Trustee shall transmit by
mail to all Holders of Registered Securities of any series, as their names and
addresses appear in the Security Register and to all Holders who are entitled to
receive reports pursuant to Section 704(3), a brief report
with respect to the character and amount of any advances (and if the Trustee
elects so to state, the circumstances surrounding the making thereof) made by
the Trustee (as such) since the date of the last report transmitted pursuant to
subsection (a) of this Section (or if no such report has yet been so
transmitted, since the date of execution of this instrument) for the
reimbursement of which it claims or may claim a lien or charge, prior to that of
the Securities of such series, on property or funds held or collected by it as
Trustee and which it has not previously reported pursuant to this subsection,
except that the Trustee shall not be required (but may elect) to report such
advances if such advances remaining unpaid at any time aggregate 10% or less of
the principal amount of the Securities of such series Outstanding at such time,
such report to be transmitted within 90 days after such time.

     

     

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

     

     

         Section
704. Reports by
Company. The Company shall:

     

     

         (1)
file with the Trustee, within 45 days after the Company is required to file the
same with the Commission, copies of the annual reports and of the information,
documents and other reports (or copies of such portions of any of the foregoing
as the Commission may from time to time by rules and regulations prescribe) that
the Company may be required to file with the Commission pursuant to Section 13
or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company is
not required to file information, documents or reports pursuant to either of
said Sections, then it shall file with the Trustee and the Commission, in
accordance with rules and regulations prescribed from time to time by the
Commission, such of the supplementary and periodic information, documents and
reports that may be required pursuant to Section 13 of the Securities Exchange
Act of 1934 in respect of a security listed and registered on a national
securities exchange as may be prescribed from time to time in such rules and
regulations;

     

     

         (2)
file with the Trustee and the Commission, in accordance with rules and
regulations prescribed 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 all Holders of Registered Securities, as their names and
addresses appear in the Security Register, to such Holders of Unregistered
Securities as have, within the two years preceding such transmission, filed
their names and addresses with the Trustee for that purpose and to each Holder
whose name and address is then preserved on the Trustee’s list pursuant to the
first sentence of Section
702(a), within 30 days after the filing thereof with the Trustee, such
summaries of any information, documents and reports required to be filed by the
Company pursuant to paragraphs (1) and (2) of this Section as may be required by
rules and regulations prescribed from time to time by the
Commission.

     

     

     

    
      
        
        

      

      
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    ARTICLE VIII

     

     

    CONSOLIDATION, MERGER,
CONVEYANCE OR TRANSFER

     

     

         Section
801. Company May
Consolidate, Etc. Only on Certain Terms. The Company shall not
consolidate with or merge into any other corporation or convey, transfer or
lease all or substantially all of its properties and assets to any Person,
unless:

     

     

         (1)
the corporation formed by such consolidation or into which the Company is merged
or the Person that acquires by conveyance, transfer or lease the properties and
assets of the Company substantially as an entirety shall be a Person organized
and existing under the laws of the United States of America, any State thereof
or the District of Columbia and shall expressly assume, by an indenture
supplemental hereto, executed and delivered to the Trustee, in form satisfactory
to the Trustee, the due and punctual payment of the principal of (and premium,
if any) and interest, if any, on all the Outstanding Securities and the
performance of every covenant of this Indenture on the part of the Company to be
performed or observed;

     

     

         (2)
immediately after giving effect to such transaction, no Event of Default and no
event that, after notice or lapse of time or both, would become an Event of
Default, shall have occurred and be continuing;

     

     

         (3)
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel, each stating that such consolidation, merger, conveyance, transfer
or lease and such supplemental indenture comply with this Article and that all
conditions precedent herein provided for relating to such transaction have been
met.

     

     

         Section
802. Successor
Corporation Substituted. Upon any consolidation or merger or any
conveyance, transfer or lease of all or substantially all the properties and
assets of the Company in accordance with Section 801, the successor
corporation formed by such consolidation or into which the Company is merged or
to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under
this Indenture with the same effect as if such successor corporation had been
named as the Company herein and thereafter, in the case of a conveyance,
transfer or lease of properties and assets of the Company substantially as an
entirety, such conveyance, transfer or lease shall have the effect of releasing
the Person named as the “Company” in the first paragraph of this instrument or
any successor corporation which shall theretofore have become such in the manner
prescribed in this Article from its liability as obligor and maker on any of the
Securities.

     

     

    ARTICLE IX

     

     

    SUPPLEMENTAL
INDENTURES

     

     

         Section
901. Supplemental
Indentures Without Consent of Holders. Without the consent of any
Holders, the Company and the Trustee, at any time and from time to time, may
enter into one or more indentures supplemental hereto, in form satisfactory to
the Trustee, for any of the following purposes:

     

     

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

     

     

         (2)
to add to the covenants of the Company for the benefit of the Holders of all or
any series of Securities, or any Tranche thereof (and if such covenants are to
be for the benefit of less than all series of Securities, stating that such
covenants are expressly being included solely for the benefit of such series),
or to surrender any right or power herein conferred upon the Company;
or

     

     

     

    
      
        
        

      

      
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         (3)
to add any additional Events of Default with respect to all or any series of
Securities Outstanding hereunder; or

     

     

         (4)
to add to or change any of the provisions of this Indenture to such extent as
shall be necessary to permit or facilitate the issuance of Securities in bearer
form, registrable or not registrable as to principal, and with or without
interest coupons; or

     

     

         (5)
to change or eliminate any of the provisions of this Indenture, or to add any
new provision to this Indenture, in respect of one or more series or Tranches of
Securities; provided,
however, that any such
change, elimination or addition (A) shall neither (i) apply to any Security
Outstanding on the date of such indenture supplemental hereto nor (ii) modify
the rights of the Holder of any such Security with respect to such provision in
effect prior to the date of such indenture supplemental hereto or (B) shall
become effective only when no Security of such series or Tranche remains
Outstanding; or

     

     

         (6)
to secure the Securities pursuant to the requirements of any covenant on liens
in respect of such series of Securities or otherwise; or

     

     

         (7)
to establish for the issuance of and establish the form or terms and conditions
of Securities of any series or Tranche as permitted by Section 301, and to establish
the form of any certificates required to be furnished pursuant to the terms of
this Indenture or any series of Securities; or

     

     

         (8)
to provide for uncertificated Securities in addition to or in place of all, or
any series or Tranche of, certificated Securities; or

     

     

         (9)
to evidence and provide for the acceptance of appointment hereunder by a
separate or successor Trustee or co-trustee with respect to the Securities of
one or more series and to add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, pursuant to the requirements
of Section 611(b);
or

     

     

         (10) to change any place or places
where (a) the principal of or premium, if any, or interest, if any, on all or
any series of Securities, or any Tranche thereof, shall be payable, (b) all or
any series of Securities, or any Tranche thereof, may be surrendered for
registration or transfer, (c) all or any series of Securities, or any Tranche
thereof, may be surrendered for exchange and (d) notices and demands to or upon
the Company in respect of all or any series of Securities, or any Tranche
thereof, and this Indenture may be served;

     

     

         (11)
to cure any ambiguity, to correct or supplement any provision herein that may be
defective or inconsistent with any other provision herein, provided such action shall
not adversely affect the interests of the Holders of Securities of any series or
Tranche in any material respect; or

     

     

         (12)
to make any other provisions with respect to matters or questions arising under
this Indenture, provided such action shall
not adversely affect the interests of the Holders of any Securities of any
series or Tranche Outstanding on the date of such indenture supplemental
hereto.

     

     

         Without
limiting the generality of the foregoing, if the Trust Indenture Act as in
effect at the date of the execution and delivery of this Indenture or at any
time thereafter becomes amended and

     

     

         (a)
if any such amendment requires one or more changes to any provisions hereof or
the inclusion herein of any additional provisions, or by operation of law is
deemed to effect such changes or incorporate such provisions by reference or
otherwise, this Indenture shall be deemed to have been amended so as to conform
to such amendment to the Trust Indenture Act, and the Company and the Trustee
may, without the consent of any Holders, enter into an indenture supplemental
hereto to effect or evidence such changes or additional provisions;
or

     

     

    
      
        
        

      

      
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         (b)
if any such amendment permits one or more changes to, or the elimination of, any
provisions hereof that, at the date hereof or at any time thereafter, are
required by the Trust Indenture Act to be contained herein (or if it is no
longer required by the TIA for the Indenture to contain one or more provisions),
this Indenture shall be deemed to have been amended to effect such changes or
elimination, and the Company and the Trustee may, without the consent of any
Holders, enter into an indenture supplemental hereto to evidence such amendment
hereof; or

     

     

         (c)
if, by reason of any such amendment, it shall be no longer necessary for this
Indenture to contain one or more provisions that, at the date of the execution
and delivery hereof, are required by the Trust Indenture Act to be contained
herein, the Company and the Trustee may, without the consent of any Holders,
enter into an indenture supplemental hereto to effect the elimination of such
provisions.

     

     

         Section
902. Supplemental
Indentures With Consent of Holders. (a) Except as set forth in paragraph
(c) below, with the consent of the Holders of not less than a majority in
aggregate principal amount of the Senior Securities of all series then
Outstanding (considered as one class), the Company, when authorized by a
resolution of its Board of Directors (which resolution may provide general terms
or parameters for such action and may provide that the specific terms of such
action may be determined in accordance with or pursuant to a Company Order), and
the Trustee may, from time to time and at any time, 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 any supplemental indenture or of modifying in any manner the rights of the
Holders of the Securities of each such series or Tranche or of the Coupons
appertaining to such Securities or of modifying in any manner the rights of the
Holders of Securities of such series or Tranche under this Indenture; provided, however, that if
there are Senior Securities of more than one series Outstanding hereunder and if
a proposed supplemental indenture shall directly affect the rights of the
Holders of Senior Securities of one or more, but less than all, of such series,
then the consent only of the Holders of a majority in aggregate principal amount
of the Outstanding Securities of all series so directly affected, considered as
one class, shall be required; and provided, further, that if
the Securities of any series have been issued in more than one Tranche and if
the proposed supplemental indenture shall directly affect the rights of the
Holders of Senior Securities of one or more, but less than all, of such
Tranches, then the consent only of the Holders of a majority in aggregate
principal amount of the Outstanding Securities of all Tranches so directly
affected, considered as one class, shall be required.

     

     

         (b) Except as set forth in paragraph
(c) below, with the consent of the Holders of not less than a majority in
aggregate principal amount of the Subordinated Securities of all series then
Outstanding (considered as one class), the Company, when authorized by a
resolution of its Board of Directors (which resolution may provide general terms
or parameters for such action and may provide that the specific terms of such
action may be determined in accordance with or pursuant to a Company Order), and
the Trustee may, from time to time and at any time, 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 any supplemental indenture or of modifying in any manner the rights of the
Holders of the Securities of each such series or of the Coupons appertaining to
such Securities or of modifying in any manner the rights of the Holders of
Securities of such series or Tranche under this Indenture; provided, however, that if
there are Subordinated Securities of more than one series Outstanding hereunder
and if a proposed supplemental indenture shall directly affect the rights of the
Holders of Subordinated Securities of one or more, but less than all, of such
series, then the consent only of the Holders of a majority in aggregate
principal amount of the Outstanding Securities of all series so directly
affected, considered as one class, shall be required; and provided, further, that if
the Securities of any series have been issued in more than one Tranche and if
the proposed supplemental indenture shall directly affect the rights of the
Holders of Subordinated Securities of one or more, but less than all, of such
Tranches, then the consent only of the Holders of a majority in aggregate
principal amount of the Outstanding Securities of all Tranches so directly
affected, considered as one class, shall be required.

     

     

         (c)
No such supplemental indenture or waiver shall, without the consent of the
Holder of each Outstanding Security affected thereby,

     

     

     

    
      
        
        

      

      
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         (1) change the Stated Maturity of the
principal of, or any installment of principal of or interest on, any Security,
or reduce the principal amount thereof or the rate of interest thereon (or the
amount of any installment of interest thereon) or any premium payable upon the
redemption thereof, or change the method of calculating the rate of interest
thereon, or reduce the amount of the principal of an Original Issue Discount
Security that would be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 502, or change the
coin or currency (or other property) in which, any Security or any premium or
the interest thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in
the case of redemption, on or after the Redemption Date, or, in the case of
repayment at the option of the Holders, on or after the Repayment Date), or
modify any provisions of this Indenture with respect to the conversion or
exchange of the Securities into Securities of another series or into any other
debt or equity securities in a manner adverse to the Holders,
or

     

     

         (2)
reduce the percentage in principal amount of the Outstanding Securities of any
series, or any Tranche thereof, the consent of whose Holders is required for any
such supplemental indenture, or the consent of whose Holders is required for any
waiver of compliance with certain provisions of this Indenture or certain
defaults hereunder and their consequences provided for in this indenture,
or

     

     

         (3)
modify any of the provisions of this Section, Section 513 or Section 1007, except to
increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each
Outstanding Security affected thereby, provided, however, that this clause
shall not be deemed to require the consent of any Holder with respect to changes
in the references to “the Trustee” and concomitant changes in this Section and
Section 1007, or the
deletion of this proviso, in accordance with the requirements of Sections 611(b) and 901(9).

     

     

         A
supplemental indenture that changes or eliminates any covenant or other
provision of this Indenture that has expressly been included solely for the
benefit of one or more particular series of Securities, or one or more Tranches
thereof, or that modifies the rights of the Holders of Securities of such series
or Tranches 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 or Tranche.

     

     

         It
shall not be necessary for any Act of Holders under this Section to approve the
particular form of any proposed supplemental indenture, but it shall be
sufficient if such Act shall approve the substance thereof. A waiver by a Holder
of such Holder’s rights to consent under this Section shall be deemed to be a
consent of such Holder.

     

     

         Section
903. Execution of
Supplemental Indentures. In executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article or the
modifications thereby of the trusts created by this Indenture, the Trustee shall
be entitled to receive, and (subject to Section 601) shall be fully
protected in relying upon, an Opinion of Counsel stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture. The
Trustee may, but shall not be obligated to, enter into any such supplemental
indenture that 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 shall be bound thereby. Any supplemental indenture permitted by this
Article may restate this Indenture in its entirety, and, upon the execution and
delivery thereof, any such restatement shall supersede this Indenture as
theretofore in effect for all purposes.

     

     

         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.

     

     

     

    
      
        
        

      

      
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         Section
906. Reference in
Securities to Supplemental Indentures. Securities of any series, or any
Tranche thereof, 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, or any Tranche thereof, and any appertaining coupons
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 or Tranche and any appertaining coupons.

     

     

         Section
907. Revocation and
Effect of Consents. Until an amendment or waiver becomes effective, a
consent to it by a Holder of a Security is a continuing consent by the Holder
and every subsequent Holder of a Security or portion of a Security that
evidences the same debt as the consenting Holder’s Security, even if notation of
the consent is not made on any Security. However, any such Holder or subsequent
Holder may revoke the consent as to his Security or portion of a Security if the
Trustee receives the notice of revocation before the date on which the Trustee
receives an Officer’s Certificate certifying that the Holders of the requisite
principal amount of Securities have consented to the amendment or waiver. After
an amendment or waiver becomes effective, it shall bind every Holder of each
series of Securities affected by such amendment or waiver.

     

     

         The
Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to consent to any amendment or waiver. If a
record date is fixed, then notwithstanding the provisions of the immediately
preceding paragraph, those persons who were Holders at such record date (or
their duly designated proxies), and only those persons, shall be entitled to
consent to such amendment or waiver or to revoke any consent previously given,
whether or not such persons continue to be Holders after such record
date.

     

     

         After
an amendment or waiver becomes effective it shall bind every Holder, unless it
is of the type described in any of clauses (1) through (3) of Section 902(c). In such case,
the amendment or waiver shall bind each Holder of a Security who has consented
to it and every subsequent Holder of a Security that evidences the same debt as
the consenting Holder’s Security.

     

     

         Section 908. Modification Without
Supplemental Indenture. If the terms of any particular series of
Securities have been established in a Board Resolution or an Officer’s
Certificate as contemplated by Section 301, and not in an
indenture supplemental hereto, additions to, changes in or the elimination of
any of such terms may be effected by means of a supplemental Board Resolution or
Officer’s Certificate, as the case may be, delivered to, and accepted by, the
Trustee; provided,
however, that such supplemental Board Resolution or Officer’s Certificate
shall not be accepted by the Trustee or otherwise be effective unless all
conditions set forth in this Indenture that would be required to be satisfied if
such additions, changes or elimination were contained in a supplemental
indenture shall have been appropriately satisfied. Upon the acceptance thereof
by the Trustee, any such supplemental Board Resolution or Officer’s Certificate
shall be deemed to be a “supplemental indenture” for purposes of Sections 904 and 906.

     

     

    ARTICLE
X

     

     

    COVENANTS

     

     

         Section
1001. Payment of
Principal, Premium and Interest. Subject to the following provisions, the
Company will pay to the Trustee the amounts, in such coin or currency as is at
the time legal tender for the payment of public or private debt, in the manner,
at the times and for the purposes set forth herein and in the text of the
Securities for each series, and the Company hereby authorizes and directs the
Trustee from funds so paid to it to make or cause to be made payment of the
principal of and premium, if any, and interest, if any, on the Securities and
coupons of each series as set forth herein and in the text of such Securities
and coupons. Unless otherwise provided in the Securities of a series, the
Trustee will arrange directly with any Paying Agents for the payment, or the
Trustee will make payment, from funds furnished by the Company, of the principal
of and premium, if any, and interest, if any, on the Securities and coupons of
each series by check or draft.

     

     

     

    
      
        
        

      

      
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         Unless
otherwise provided in the Securities of a series, interest, if any, on
Registered Securities of a series shall be paid by check or draft on each
Interest Payment Date for such series to the Holder thereof at the close of
business on the relevant record dates specified in the Securities of such
series. The Company may pay such interest by check or draft mailed to such
Holder’s address as it appears on the register for Securities of such series.
Unless otherwise provided in the Securities of a series, principal of Registered
Securities shall be payable by check or draft and only against presentation and
surrender of such Registered Securities at the office of the Paying Agent,
unless the Company shall have otherwise instructed the Trustee in
writing.

     

     

         Unless
otherwise provided in the Securities of a series, (i) interest, if any, on
Unregistered Securities shall be paid by check or draft and only against
presentation and surrender of the coupons for such interest installments as are
evidenced thereby as they mature and (ii) original issue discount (as defined in
Section 1273 of the Code), if any, on Unregistered Securities shall be paid by
check or draft and only against presentation and surrender of such Securities,
in either case at the office of a Paying Agent located outside of the United
States and its possessions, unless the Company has otherwise instructed the
Trustee in an Officer’s Certificate. Unless otherwise provided in the Securities
of a series, principal of and premium, if any, of Unregistered Securities shall
be paid by check or draft and only against presentation and surrender of such
Securities as provided in the Securities of a series. If at the time a payment
of principal of and premium, if any, or interest, if any, or original issue
discount, if any, on an Unregistered Security or coupon becomes due and the
payment of the full amount so payable at the office or offices of all the Paying
Agents outside the United States and its possessions is illegal or effectively
precluded because of the imposition of exchange controls or other similar
restrictions on the payment of such amount in United States currency, then the
Company may instruct the Trustee in an Officer’s Certificate to make such
payments at the office of a Paying Agent located in the United States. The
Company hereby covenants and agrees that it shall not so instruct the Trustee
with respect to payment in the United States if such payment would cause such
Unregistered Security to be treated as a “registration-required obligation”
under United States law and regulations.

     

     

         At the election of the Company, any
payments by the Company provided for in this Indenture or in any of the
Securities may be made by electronic funds transfer.

     

     

         Section
1002. Maintenance of
Office or Agency. The Company will maintain in each Place of Payment for
any series of Securities, or any Tranche thereof, an office or agency where
Registered Securities, or any Tranche thereof, of that series may be surrendered
for registration of transfer or exchange and a Place of Payment where (subject
to Sections 305 and
307) Securities may be
presented for payment or exchange and where notices and demands to or upon the
Company in respect of the Securities of that series and this Indenture may be
served. Unless otherwise specified pursuant to Section 301 with respect to
any such series, the Company shall maintain such offices or agencies in
connection with each series in the Borough of Manhattan, The City of New York,
State of New York. With respect to any series of Securities issued in whole or
in part as Unregistered Securities, the Company shall maintain one or more
Paying Agents located outside the United States and its possessions and shall
maintain such Paying Agents for a period of one year after the principal of such
Unregistered Securities has become due and payable. During any period thereafter
for which it is necessary in order to conform to United States tax law or
regulations, the Company will maintain a Paying Agent outside the United States
and its possessions to which the Unregistered Securities or coupons appertaining
thereto may be presented for payment and will provide the necessary funds
therefor to such Paying Agent upon reasonable notice. The Security Registrar
shall keep a register with respect to each series of Securities issued in whole
or in part as Registered Securities and to their transfer and exchange. The
Company may appoint one or more co-Security Registrars acceptable to the Trustee
and one or more additional Paying Agents for each series of Securities, and the
Company may terminate the appointment of any co-Security Registrar or Paying
Agent at any time upon written notice. The term “Security Registrar” includes
any co-Security Registrar. The term “Paying Agent” includes any additional
Paying Agent. The Company shall notify the Trustee of the name and address of
any Agent not a 

     

     

    
      
        
        

      

      
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    party to
this Indenture. Subject to Section 305, if the Company
fails to maintain a Security Registrar or Paying Agent, the Trustee shall act as
such. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any
time the Company 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, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands.

     

     

         The Company may also from time to
time designate one or more other offices or agencies where the Securities of one
or more series may be presented or surrendered for any or all such purposes and
may from time to time rescind such designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency in each Place of Payment for
Securities of any series for such purposes. The Company will give prompt written
notice to the Trustee of any such designation or rescission and of any change in
the location of any such other office or agency.

     

     

         In
the case of Original Issue Discount Securities of a series, the Company shall,
prior to any Redemption Date or any Repayment Date applicable thereto, furnish
the Trustee with an Officer’s Certificate stating the amount of principal to be
paid to a Holder of $1,000 principal amount of such Securities.

     

     

         Anything
herein to the contrary notwithstanding, any office or agency required by this
Section may be maintained at any office of the Company in which event the
Company shall perform all functions to be performed at such office or
agency.

     

     

         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 Securities, or any Tranche
thereof, it will, on or before each due date of the principal of (and premium,
if any) or interest, if any, on any of such Securities, segregate and hold in
trust for the benefit of the Persons entitled thereto a sum sufficient to pay
the principal (and premium, if any) or interest so becoming due until such sums
are paid to such Persons or otherwise disposed of as herein provided and will
promptly notify the Trustee of its action or failure so to act.

     

     

         Whenever
the Company has one or more Paying Agents for any series of Securities, it will,
on or prior to (and if on, then before 11:00 a.m. (New York City time)) each due
date of the principal of (and premium, if any) or interest, if any, on such
Securities, deposit with a Paying Agent a sum sufficient (in immediately
available funds, if payment is made on the due date) to pay the principal (and
premium, if any) or interest so becoming due, such sum to be held in trust for
the benefit of the Persons entitled to such principal, premium or interest, and
(unless such Paying Agent is the Trustee) the Company will promptly notify the
Trustee of its action or failure so to act.

     

     

         The
Company will cause each Paying Agent for any series of Securities, or any
Tranche thereof, other than the Trustee, to execute and deliver to the Trustee
an instrument in which such Paying Agent shall agree with the Trustee, subject
to the provisions of this Section, that such Paying Agent will: (1) hold all
sums held by it for the payment of the principal of (and premium, if any) or
interest, if any, on Securities of such series or Tranche in trust for the
benefit of the Persons entitled thereto until such sums are paid to such Persons
or otherwise disposed of as herein provided; (2) give the
Trustee notice of any default by the Company (or any other obligor upon the
Securities of such series or Tranche) in the making of any payment of principal
(and premium, if any) or interest, if any, on the Securities of such series or
Tranche; and (3) at any time during the continuance of any such default, upon
the written request of the Trustee, forthwith pay to the Trustee all sums so
held in trust by such Paying Agent.

     

     

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

     

     

    
      
        
        

      

      
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    upon such
payment by any Paying Agent to the Trustee, such Paying Agent shall be released
from all further liability with respect to such money.

     

     

         Any
money deposited with the Trustee or any Paying Agent, or received by the Trustee
in respect of Eligible Obligations deposited with the Trustee pursuant to Section 401, 403 or 1007, or then held by the
Company, in trust for the payment of the principal of (and premium, if any) or
interest, if any, on any Security of any series and remaining unclaimed for two
years (or such shorter period for the return of such moneys to the Company under
applicable abandoned property laws) after such principal (and premium, if any)
or interest has become due and payable shall be paid to the Company on Company
Request, or (if then held by the Company) shall be discharged from such trust;
and the Holder of such Security shall thereafter, as an unsecured general
creditor, look only to the Company for payment thereof, and all liability of the
Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or
such Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a newspaper published in
the English language, customarily published on each Business Day and of general
circulation in the Borough of Manhattan, The City of New York, 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. Corporate
Existence. Subject to Article VIII, the Company will
do or cause to be done all things necessary to preserve and keep in full force
and effect its corporate existence, rights (charter and statutory) and
franchises; provided,
however, that the Company shall not be required to preserve any such
right or franchise if, in the judgment of the Company, the preservation thereof
is no longer desirable in the conduct of the business of the Company and the
loss thereof is not disadvantageous in any material respect to the Holders of
Securities of any series or Tranche in any material respect.

     

     

         Section
1005. Defeasance of
Certain Obligations. The Company may omit to comply with its obligations
under the covenants contained in Sections 1002, 1004 (except
with respect to maintaining its corporate existence), 1006, 1008 and Article VIII with respect to
any Security or Securities of any series or Tranche or any portion of the
principal amount thereof (and in respect of any term, provision or condition set
forth in the covenants or restrictions specified for such Securities pursuant to
Section 301, in any
supplemental indenture, Board Resolution or Officer’s Certificate establishing
such Security), provided that the following
conditions shall have been satisfied:

     

     

         (1) With reference to this Section,
the Company has deposited or caused to be irrevocably deposited (except as
provided in Section 402)
with the Trustee as trust funds in trust, specifically pledged as security for,
and dedicated solely to, the benefit of the Holders of such Securities or
portions thereof, (i) money in an amount, or (ii) if Securities of such series
are not subject to repayment at the option of Holders, (A) Eligible Obligations
which through the payment of interest and principal in respect thereof in
accordance with their terms will provide not later than one day before the due
date of any payment referred to in clause (x) or (y) of this subparagraph (1)
money in an amount, or (B) a combination thereof, sufficient, in the opinion of
a nationally recognized firm of independent certified public accountants
expressed in a written certification thereof delivered to the Trustee, to pay
and discharge (x) the principal of (and premium, if any) and each installment of
principal (and premium, if any) and interest, if any, on the Outstanding
Securities of such series or portions thereof on the Stated Maturity of such
principal or installment of principal or premium or interest or to and including
the Redemption Date irrevocably designated by the Company pursuant to
subparagraph (7) of this Section and (y) any mandatory sinking fund payments
applicable to the Securities of such series or portions thereof on the day on
which such payments are due and payable in accordance with the terms of the
Indenture and of such Securities or portions thereof;

     

     

         (2)
Such deposit shall not, as specified in an Opinion of Counsel, cause the Trustee
with respect to the Securities of such series to have a conflicting interest as
defined in Section 608
and for purposes of the Trust Indenture Act with respect to the Securities of
such series;

     

     

     

    
      
        
        

      

      
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         (3)
Such deposit will not result in a breach or violation of, or constitute a
default under, this Indenture or any other agreement or instrument to which the
Company is a party or by which it is bound;

     

     

         (4)
No Event of Default or event which with notice or lapse of time would become an
Event of Default with respect to the Securities of such series shall have
occurred and be continuing on the date of such deposit and no Event of Default
specified in Section
501(6) or (7)
shall have occurred at any time from the date of such deposit to the 91st
calendar day thereafter (it being understood that this condition to defeasance
may not be satisfied until such 91st calendar day after the date of
deposit);

     

     

         (5)
The Company shall have delivered to the Trustee an Opinion of Counsel to the
effect that Holders of the Securities of such series will not realize income,
gain or loss for federal income tax purposes as a result of such deposit and
defeasance of certain obligations and will be subject to federal income tax on
the same amount and in the same manner and at the same times, as would have been
the case if such deposit and defeasance had not occurred;

     

     

         (6) The Company has delivered to the
Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent herein provided for relating to the defeasance
contemplated by this Section have been met; and

     

     

         (7)
If the Company has deposited or caused to be deposited money or Eligible
Obligations to pay or discharge the principal of (and premium, if any) and
interest, if any, on the Outstanding Securities of such series or portion
thereof to and including a Redemption Date pursuant to subparagraph (1) of this
Section, such Redemption Date shall be irrevocably designated by a Board
Resolution delivered to the Trustee on or prior to the date of deposit of such
money or Eligible Obligations, and such Board Resolution shall be accompanied by
an irrevocable Company Request that the Trustee give notice of such redemption
in the name and at the expense of the Company not less than 30 nor more than 60
days prior to such Redemption Date in accordance with Section 1104.

     

     

         Section
1006. Statement by
Officers as to Default. The Company will deliver to the Trustee, within
120 days after the end of each fiscal year of the Company ending after the date
hereof, a written statement, which need not comply with Section 102, signed by the
principal executive officer, the principal financial officer or the principal
accounting officer of the Company stating, as to each signer thereof,
that (1) a review of the activities of the Company during such year and of
performance under this Indenture has been made under his supervision,
and  (2) to the best of his knowledge, based on such review, the
Company has fulfilled all its obligations under this Indenture throughout such
year, or, if there has been a default in the fulfillment of any such obligation,
specifying each such default known to him and the nature and status
thereof.

     

     

         Section
1007. Waiver of
Certain Covenants. (a) The Company may omit in any particular instance to
comply with any term, provision or condition set forth in (i) any additional
covenants or restrictions specified with respect to the Senior Securities of any
series, or any Tranche thereof, as contemplated by Section 301 if before the time
for such compliance the Holders of not less than a majority in aggregate
principal amount (or such larger proportion as may be required in respect of
waiving a past default of any such additional covenant or restriction) of the
Outstanding Securities of all series and Tranches with respect to which such
covenant or restriction was so specified, considered as one class, by Act of
such Holders, either waives such compliance in such instance or generally waive
compliance with such term, provision or condition and (ii) Sections 1002, 1004, 1006 and
1008 and Article VIII if before the
time for such compliance the Holders of at least a majority in principal amount
of Senior Securities Outstanding under this Indenture by Act of such Holders,
either waives such compliance in such instance or generally waive compliance
with such term, provision or condition; but, in the case of (i) or (ii) of this
paragraph (a), no such waiver shall extend to or affect such term, provision or
condition except to the extent so expressly waived, and, until such waiver
becomes 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.

     

     

     

    
      
        
        

      

      
        -47-

        
          

        

      

      
        
        

      

    

     

     

         (b) The Company may omit in any
particular instance to comply with any term, provision or condition set forth in
(i) any additional covenants or restrictions specified with respect to the
Subordinated Securities of any series, or any Tranche thereof, as contemplated
by Section 301 if before
the time for such compliance the Holders of not less than a majority in
aggregate principal amount (or such larger proportion as may be required in
respect of waiving a past default of any such additional covenant or
restriction) of the Outstanding Securities of all series and Tranches with
respect to which such covenant or restriction was so specified, considered as
one class, by Act of such Holders, either waives such compliance in such
instance or generally waive compliance with such term, provision or condition
and (ii) Sections 1002,
1004, 1006 and
1008 and Article VIII if before the
time for such compliance the Holders of at least a majority in principal amount
of Subordinated Securities Outstanding under this Indenture by Act of such
Holders, either waives such compliance in such instance or generally waive
compliance with such term, provision or condition; but, in the case of (i) or
(ii) of this paragraph (b), no such waiver shall extend to or affect such term,
provision or condition except to the extent so expressly waived, and, until such waiver
becomes 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.

     

     

         Section
1008. Maintenance of
Properties. The Company shall cause (or, with respect to property owned
in common with others, make reasonable effort to cause) all its properties used
or useful in the conduct of its business to be maintained and kept in good
condition, repair and working order and shall cause (or, with respect to
property owned in common with others, make reasonable effort to 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 conducted; provided, however, that
nothing in this Section shall prevent the Company from discontinuing, or causing
the discontinuance of, the operation and maintenance of any of its properties
if, in the judgment of the Company, such discontinuance (i) is desirable in the
conduct of its business and (ii) will not adversely affect the interests of the
Holders of Securities of any series or Tranche in any material
respect.

     

     

    ARTICLE
XI

     

     

    REDEMPTION OF
SECURITIES

     

     

         Section
1101. Applicability of
Article. Securities of any series, or any Tranche thereof, that are
redeemable before their Stated Maturity (or, if the principal of the Securities
of any series is payable in installments, the Stated Maturity of the final
installment of the principal thereof) shall be redeemable in accordance with
their terms and (except as otherwise specified as contemplated by Section 301 for Securities of
any series or Tranche) 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 a Board Resolution or an Officer’s Certificate.
In case of any redemption at the election of the Company of less than all the
Securities of any series, the Company shall, at least 45 days prior to the
Redemption Date fixed by the Company (unless a shorter notice is satisfactory to
the Trustee), notify the Trustee of such Redemption Date and of the principal
amount of Securities of such series or Tranche to be redeemed. In the case of
any redemption of Securities (a) prior to the expiration of any restriction on
such redemption provided in the terms of such Securities or elsewhere in this
Indenture, or (b) pursuant to an election of the Company that is subject to a
condition specified in the terms of such Securities the Company shall furnish
the Trustee with an Officer’s 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,
or any Tranche thereof, are to be redeemed, the particular Securities to be
redeemed shall be selected by the Trustee not more than 45 days prior to the
Redemption Date by the Trustee, from the Outstanding Securities of such series
or Tranche not previously called for redemption, by such method as is provided
for any particular series, or, in the absence of any such provision, by 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 that series or Tranche or any integral multiple
thereof) of the principal amount of Securities of such series or Tranche of a
denomination larger than the minimum authorized denomination for Securities of
that series or Tranche; 

     

     

    
      
        
        

      

      
        -48-

        
          

        

      

      
        
        

      

    

     

    provided, however, that if, as
indicated in an Officer’s Certificate, the Company has offered to purchase all
or any principal amount of the Securities then Outstanding of any series, or any
Tranche thereof, and less than all of such Securities as to which such offer was
made have been tendered to the Company for such purchase, the Trustee, if so
directed by Company Order, shall select for redemption all or any principal
amount of such Securities that have not been so tendered.

     

     

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

     

     

         For
all purposes of this Indenture, unless the context otherwise requires, all
provisions relating to the redemption of Securities shall relate, in the case of
any Securities redeemed or to be redeemed only in part, to the portion of the
principal amount of such Securities that has been or is to be
redeemed.

     

     

         Section
1104. Notice of
Redemption. Unless otherwise specified as contemplated by Section 301 with respect to
any series of Securities, notice of redemption shall be given by first-class
mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to
the Redemption Date, to each Holder of Securities to be redeemed, at his address
appearing in the Security Register.

     

     

         If
Unregistered Securities are to be redeemed, notice of redemption shall be
published in an Authorized Newspaper in The City of New York and, if such
Securities to be redeemed are listed on any stock exchange outside of the United
States, in the city in which such stock exchange is located, or in such other
city or cities as may be specified in the Securities, once in each of two
different calendar weeks, the first publication to be not less than 30 nor more
than 90 days before the redemption date.

     

     

         All
notices of redemption shall state: (1) the Redemption
Date, (2) the Redemption Price, or the formula pursuant to which the
Redemption Price is to be determined if the Redemption Price cannot be
determined at the time of notice is given,  (3) if less than all the
Outstanding Securities of any series or Tranche are to be redeemed, the
identification (and, in the case of partial redemption, the principal amounts)
of the particular Securities to be redeemed, and the portion of the principal
amount of any Security to be redeemed in part and, in the case of any such
Security of such series to be redeemed in part, that, on and after the
Redemption Date, upon surrender of such Security, a new Security or Securities
of such series in principal amount equal to the remaining unpaid principal
amount thereof will be issued as provided in Section 1106, (4) that on
the Redemption Date the Redemption Price will become due and payable upon each
such Security to be redeemed and, if applicable, that interest thereon will
cease to accrue on and after said date,  (5) the place or places where
such Securities and all unmatured coupons are to be surrendered for payment of
the Redemption Price and accrued interest, if any, (6) that the redemption is
for a sinking fund, if such is the case, (7) the CUSIP numbers, if any, assigned
to such Securities; provided
however, that such notice may state that no representation is made as to
the correctness of CUSIP numbers, and the redemption of such Securities shall
not be affected by any defect in or omission of such number, and (8) such other
matters as the Company shall deem desirable or appropriate.

     

     

         Unless
otherwise specified with respect to any Securities in accordance with Section 301, with respect to
any notice of redemption of Securities at the election of the Company, unless,
upon the giving of such notice, such Securities are deemed to have been paid in
accordance with Section
401, such notice may state that such redemption shall be conditional upon
the receipt by the Paying Agent or Agents for such Securities, on or prior to
the date fixed for such redemption, of money sufficient to pay the principal of
and premium, if any, and interest, if any, on such Securities and that if such
money has not been so received such notice shall be of no force or effect and
the Company shall not be required to redeem such Securities. In the event that
such notice of redemption contains such a condition and such money is not so
received, the redemption shall not be made and within a reasonable time
thereafter notice shall be given, in the manner in which the notice of
redemption was given, that such money was not so received and such redemption
was not required to be made, and the Paying Agent or Agents for the Securities
otherwise to have been redeemed shall promptly return to the Holders thereof any
of such Securities that had been surrendered for payment upon such
redemption.

     

     

    
      
        
        

      

      
        -49-

        
          

        

      

      
        
        

      

    

     

     

         Notice
of redemption of Securities to be redeemed at the election of the Company, and
any notice of non-satisfaction of a condition for redemption as aforesaid, shall
be given by the Company or, at the Company’s request, by the Security Registrar
in the name and at the expense of the Company. Notice of mandatory redemption of
Securities shall be given by the Security Registrar in the name and at the
expense of the Company.

     

     

         Section 1105. Securities Payable on
Redemption Date. Notice of redemption having been given as aforesaid, and
the conditions, if any, set forth in such notice having been satisfied, the
Securities or portions thereof so to be redeemed shall, on the Redemption Date,
become due and payable at the Redemption Price therein specified, and from and
after such date (unless the Company defaults in the payment of the Redemption
Price and accrued interest, if any) such Securities, or portions thereof, if
interest-bearing, shall cease to bear interest. Upon surrender of any such
Security for redemption in accordance with said notice, such Security or portion
thereof together with all unmatured coupons, if any, shall be paid by the
Company at the Redemption Price, together with accrued interest, if any, to the
Redemption Date but in the case of Unregistered Securities installments of
interest due on or prior to the Redemption Date will be payable to the bearers
of the coupons for such interest by check or draft upon surrender of such
coupons; provided,
however, that installments of interest 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 Regular Record Dates according to their terms and the
provisions of Section
307.

     

     

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

     

     

         Section
1106. Securities
Redeemed in Part. Any Security that is to be redeemed only in part 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 or her attorney duly authorized in writing), and the Company
shall execute, and the Trustee shall authenticate and deliver to the Holder of
such Security without service charge, a new Security or Securities of the same
series, of any authorized denomination as requested by such Holder, and of like
tenor and in aggregate principal amount equal to and in exchange for the
unredeemed portion of the principal of the Security so surrendered.

     

     

    ARTICLE
XII

     

     

    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 any series, or any Tranche
thereof, except as otherwise specified as contemplated by Section 301 for Securities of
such series or Tranche.

     

     

         The
minimum amount of any sinking fund payment provided for by the terms of
Securities of any series, or any Tranche thereof, is herein referred to as a
“mandatory sinking fund payment”, and any payment in excess of such minimum
amount provided for by the terms of Securities of any series, or any Tranche
thereof, is herein referred to as an “optional sinking fund payment”. If
provided for by the terms of Securities of any series, or any Tranche thereof,
the cash amount of any 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 the series or Tranche in respect of which it was made as provided
for by the terms of Securities of such series.

     

     

    
      
        
        

      

      
        -50-

        
          

        

      

      
        
        

      

    

     

     

         Section 1202. Satisfaction of Sinking Fund
Payments With Securities. The Company (1) may deliver Outstanding
Securities of a series or Tranche (other than any previously called for
redemption) together, in the case of Unregistered Securities, with all unmatured
coupons appertaining thereto, in respect of which a mandatory sinking fund
payment is to be made and (2) may apply as a credit Securities of such series or
Tranche that have been redeemed either at the election of the Company pursuant
to the terms of such Securities or through the application of permitted optional
sinking fund payments pursuant to the terms of such Securities, in each case in
satisfaction of all or any part of any sinking fund payment with respect to the
Securities of such series required to be made pursuant to the terms of such
Securities as provided for by the terms of such series, provided that such Securities
have not been previously so credited. Such Securities shall be received and
credited for such purpose by the Trustee at the Redemption Price specified in
such Securities for redemption through operation of the sinking fund and the
amount of such sinking fund payment shall be reduced
accordingly.

     

     

         Section
1203. Redemption of
Securities for Sinking Fund. Not less than 45 days prior to each sinking
fund payment date for any series of Securities, or any Tranche thereof, the
Company will deliver to the Trustee an Officer’s Certificate specifying the
amount of the next ensuing sinking fund payment for that series or Tranche
pursuant to the terms of that series, the portion thereof, if any, which is to
be satisfied by payment of cash and the portion thereof, if any, which is to be
satisfied by delivering and crediting Securities of that series pursuant to
Section 1202 and will
also deliver to the Trustee any Securities to be so delivered. If the Company
has not delivered such Officer’s Certificate and, to the extent applicable, all
such Securities, the next succeeding sinking fund payment for such series or
Tranche shall be made entirely in cash in the amount of the mandatory sinking
fund payment. Not less than 30 days before each such sinking fund payment date
the Trustee shall select the Securities to be redeemed upon such sinking fund
payment date in the manner specified in Section 1103 and cause notice
of the redemption thereof to be given in the name of and at the expense of the
Company in the manner provided in Section 1104. Such notice
having been duly given, the redemption of such Securities shall be made upon the
terms and in the manner stated in Sections 1105 and 1106.

     

     

    ARTICLE
XIII

     

     

    REPAYMENT OF SECURITIES AT
OPTION OF HOLDERS

     

     

         Section
1301. Applicability of
Article. Securities of any series or Tranche that are repayable before
their Stated Maturity at the option of the Holders shall be repayable 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
1302. Notice of
Repayment Date. Notice of any Repayment Date with respect to Securities
of any series or Tranche thereof shall be given by the Company not less than 45
nor more than 60 days prior to such Repayment Date (or at such other times as
may be specified for such repayment or repurchase pursuant to Section 301 of this Indenture)
to each Holder of Securities of such series in accordance with Section 106.

     

     

         The notice as to the Repayment Date
shall state (unless otherwise specified for such repayment or repurchase
pursuant to Section 301
of this Indenture):

     

     

         (1)
the Repayment Date, which date shall be no earlier than 30 days and no later
than 60 days from the date on which such notice is mailed;

     

     

         (2)
the principal amount of the Securities required to be repaid or repurchased and
the Repayment Price (or the formula pursuant to which the Repayment Price is to
be determined if the Repayment Price cannot be determined at the time the notice
is given);

     

     

    
      
        
        

      

      
        -51-

        
          

        

      

      
        
        

      

    

     

         (3)
the place or places where such Securities are to be surrendered for payment of
the Repayment Price, and accrued interest, if any, and the date by which
Securities must be so surrendered in order to be repaid or
repurchased;

     

     

         (4)
that any Security not tendered or accepted for payment shall continue to accrue
interest;

     

     

         (5)
that, unless the Company defaults in making such payment or the Paying Agent is
prohibited from paying such money to the Holders on that date pursuant to the
terms of this Indenture, Securities accepted for payment pursuant to any such
offer of repayment or repurchase shall cease to accrue interest after the
Repayment Date;

     

     

         (6)
that Holders electing to have a Security repaid or purchased pursuant to such
offer may elect to have all or any portion of such Security
purchased;

     

     

         (7)
that Holders electing to have a Security repaid or repurchased pursuant to any
such offer shall be required to surrender the Security, with such customary
documents of surrender and transfer as the Company may reasonably request, duly
completed, or transfer by book-entry transfer, to the Company or the Paying
Agent at the address specified in the notice at least two Business Days prior to
the Repayment Date;

     

     

         (8)
that Holders shall be entitled to withdraw their election if the Company or the
Paying Agent, as the case may be, receives, not later than the expiration of the
offer to repay or repurchase, a telegram, facsimile transmission or letter
setting forth the name of the Holder, the principal amount of the Security the
Holder delivered for purchase and a statement that such Holder is withdrawing
its election to have such Security purchased;

     

     

         (9)
that, in the case of a repayment or repurchase of less than all Outstanding
Securities of a series or Tranche thereof, the method of selection of Securities
to be repaid or repurchased to be applied by the Trustee if the principal amount
of properly tendered Securities exceeds the principal amount of the Securities
to be repaid or repurchased;

     

     

         (10)
that Holders whose Securities are purchased only in part shall be issued new
Securities of the same series or Tranche thereof equal in principal amount to
the unpurchased portion of the Securities surrendered (or transferred by
book-entry transfer); and

     

     

         (11) the CUSIP or other
identification number, if any, printed on the Securities being repurchased and
that no representation is made as to the correctness or accuracy of the CUSIP or
other identification number, if any, listed in such notice or printed on the
Securities.

     

     

         Section
1303. Securities
Payable on Repayment Date. The form of option to elect repurchase or
repayment having been delivered as specified in the form of Security for such
series, the Securities of such series or Tranche so to be repaid (after
application of the method of selection described pursuant to clause (9) of Section 1302, if the principal
amount of properly tendered Securities exceeds the principal amount of the
Securities to be repaid or repurchased) shall, on the Repayment Date, become due
and payable at the Repayment Price applicable thereto and from and after such
date (unless the Company defaults in the payment of the Repayment Price and
accrued interest) such Securities shall cease to bear interest. Upon surrender
of any such Security for repayment in accordance with said notice, such Security
shall be paid by the Company at the Repayment Price together with accrued
interest, if any, to the Repayment Date; provided, however, that if a
Security is repaid or repurchased on or after a Record Date but on or prior to
the Stated Maturity of any installments of interest, then any accrued and unpaid
interest due on such Stated Maturity 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.

     

     

    
      
        
        

      

      
        -52-

        
          

        

      

      
        
        

      

    

     

         If
any Security is not paid upon surrender thereof for repayment, the principal
(and premium, if any) shall, until paid, bear interest from the Repayment Date
at the rate prescribed therefor in such Security.

     

     

         Section
1304. Securities
Repaid in Part. Any Security that by its terms may be repaid in part at
the option of the Holder and that is to be repaid only in part shall be
surrendered at any office or agency of the Company designated for that purpose
pursuant to Section 1002
(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 or her attorney duly
authorized in writing), and the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Security without service charge,
a new Security or Securities of the same series, as provided in Section 305, of any authorized
denomination as requested by such Holder, in aggregate principal amount equal to
and in exchange for the unrepaid portion of the principal of the Security so
surrendered.

     

     

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

     

     

    

     

    
      
         

      

      
        -53-

        
          

        

      

      
         

      

    

    

     

         IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly
executed, and their respective corporate seals to be hereunto affixed and
attested, all as of the date first above written.

     

    
      	 
      	
              PACIFIC
      ASIA PETROLEUM, INC.

            
	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              [CORPORATE
      SEAL]

            	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
              By                                                       

            	 
      	 
      	 
      
	 
      	
              Name_________________________ 

            	 
      	 
      	 
      
	 
      	
              Title__________________________

            	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              Attest:

            	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                                                                                               

            	 
      	 
      	 
      	 
      
	
              Secretary

            	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
              [

            	
              ]

            	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
              By
                                                                        

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      

    

     

    

     

     

    STATE OF
[                          
]               
)

     

     

                                                                      
) ss:

     

     

    CITY OF
[                              
] AND COUNTY OF
[                                   
])

     

     

         On
the day            
of [           ] 20__, before
me personally came _______, to me known, who, being by me duly sworn, did depose
and say that he is Secretary of PACIFIC ASIA PETROLEUM, INC., one of the
corporations described in and which executed the foregoing instrument; that he
knows the seal of said corporation; that the seal affixed to said instruments is
such corporate seal; that it was so affixed by authority of the Amended and
Restated Bylaws of said corporation, and that he signed his name thereto by
authority of the Board of Directors of said corporation.

     

     

     

     

     

                                                                                               

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    Pacific Asia Petroleum, Inc.

     

     

    Reconciliation
and tie between Trust Indenture Act of 1939 and

     

     

    Indenture, dated as of __,
20__

     

    
      	
              Trust
      Indenture

              Act
      Section

            	
              Indenture
      Sections

            
	
              §
      310(a)(1)

            	
               
             609

            
	
               
                 (a)(2)

            	
               
             609

            
	
               
                 (a)(3)

            	
               
             Not Applicable

            
	
               
                 (a)(4)

            	
               
             Not Applicable

            
	
               
                 (a)(5)

            	
               
             609

            
	
               
                 (b)

            	
               
             608

            
	 
      	
               
             610

            
	
              §
      311(a)

            	
               
             613(a)

            
	
               
                 (b)

            	
               
             613(b)

            
	
               
                 (b)(2)

            	
               
             703(a)(2)

            
	 
      	
               
             703(b)

            
	
              §
      312(a)

            	
               
             701

            
	 
      	
               
             702(a)

            
	
               
                 (b)

            	
               
             702(b)

            
	
               
                 (c)

            	
               
             702(c)

            
	
              §
      313(a)

            	
               
             703(a)

            
	
               
                 (b)

            	
               
             703(b)

            
	
               
                 (c)

            	
               
           
       703(a),    703(b)

            
	
               
                 (d)

            	
               
             703(c)

            
	
              §
      314(a)

            	
               
             704

            
	
               
                 (b)

            	
               
             Not Applicable

            
	
               
                 (c)(1)

            	
               
             102

            
	
               
                 (c)(2)

            	
               
             102

            
	
               
                 (c)(3)

            	
               
             Not Applicable

            
	
               
                 (d)

            	
               
             Not Applicable

            
	
               
                 (e)

            	
               
             102

            
	
              §
      315(a)

            	
               
             601(a)

            
	
               
                 (b)

            	
               
             602

            
	 
      	
               
             703(a)(7)

            
	
               
                 (c)

            	
               
             601(b)

            
	
               
                 (d)

            	
               
             601(c)

            
	
               
                 (d)(l)

            	
               
             601(a)(1)

            
	
               
                 (d)(2)

            	
               
             601(c)(2)

            
	
               
                 (d)(3)

            	
               
             601(c)(3)

            
	
               
                 (e)

            	
               
             514

            
	
              §
      316(a)

            	
               
             101

            
	
               
                 (a)(1)(A)

            	
               
             502

            
	 
      	
               
             512

            
	
               
                 (a)(1)(B)

            	
               
             513

            

    

    

    
      	
                         
       (a)(2)

            	
              Not
      Applicable

            
	
               
                 (b)

            	
              508

            
	
               
                 (c)

            	
              104(g)

            
	
              §
      317(a)(l)

            	
              503

            
	
               
                 (a)(2)

            	
              504

            
	
               
                 (b)

            	
              1003

            
	
              §
      318(a)

            	
              107

            

    

    ___________

     

    Note:
This reconciliation and tie shall not, for any purpose, be deemed to be a part
of the Indenture.ex10-42.htm

    Exhibit
10.42

    

    [Portions herein identified by [****]
have been omitted pursuant to a request for confidential treatment and have been
filed separately with the Commission pursuant to Rule 24b-2 of
theSecurities Exchange
Act of 1934.]

     

    AMENDMENT
NO. 2 TO

    EXCLUSIVE
SALES AND DISTRIBUTION LICENSE

     

    PARTIES

     

    
      	
              1.

            	
              PureDepth,
      Inc. a company incorporated under the laws of Delaware and having its
      principal place of business at 230 Twin Dolphin Drive, Suite D, Redwood
      City, California 94065 together with its subsidiaries PureDepth Limited
      and PureDepth Incorporated Limited (together referred to as
      “PureDepth”).

            

    

     

    
      	
              2.

            	
              SANYO
      Electric Co., Ltd. a company incorporated under the laws of Japan and
      having its head office at 5-5, Keihan-Hondori 2-Chome, Moriguchi City,
      Osaka 570-8677, Japan (into which SANYO Sales and Marketing Corporation
      was merged as of 1 April 2007) and SANYO Electric System Solutions Co.,
      Ltd. a company incorporated under the laws of Japan and having its
      principal place of business at 180 Omori Anpachi-cho, Anpachi-gun,
      503-0195, Gifu, Japan (together referred to as
  “Sanyo”).

            

    

     

    INTRODUCTION

     

    
      	
              A.

            	
              PureDepth
      and Sanyo are parties to an Exclusive Sales and Distribution License dated
      15 December 2005 (“Principal Agreement”) as varied by Amendment No. 1
      dated on or around 26 April 2008 (“Amendment No. 1”) both agreements
      being referred to as the
“Agreement”.

            

    

     

    
      	
              B.

            	
              The
      parties wish to amend the Agreement from 1 June 2009 (“Effective Date”) as
      set out below.

            

    

     

    TERMS

     

    
      	
              1.

            	
              Amendments

            

    

     

    
      	
              1.1

            	
              From
      and including the Effective Date the Agreement is varied in accordance
      with this agreement.

            

    

     

    
      	
              1.2

            	
              Schedule
      1 of the Principal Agreement is amended so that the definition of Term is as
      follows:

            

    

     

    “Term”
means the period starting on 1 January 2006 (“Commencement Date”) and ending on
[****].

     

    
      	 	      
              Clause
      2 of Amendment No. 1 is deleted.

            
	 	 
	
              1.3

            	
              Clause
      2.1 of the Principal Agreement is deleted and replaced by the following
      clause:

            

    

     

    
      	 
      	
              2.1

            	
              For
      the Term, but subject to clause 2.3 and the payment of the agreed sums by
      Sanyo to PureDepth under the terms of this Agreement, PureDepth grants to
      Sanyo a non-exclusive right and license under all the Patent Rights,
      Copyright and Trade Marks to manufacture to PureDepth‘s standard
      specifications and Trade Marks, sell and/or distribute the Products only
      within the Market.

            

    

     

    
      	
              1.4

            	
              Clause
      2 of the Principal Agreement is amended by inserting after clause 2.1 a
      new clause 2.1A as follows:

            

    

     

    
      	 
      	
              2.1A

            	
              Notwithstanding
      clause 2.1:

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 
      	
              (a)

            	
              PureDepth
      grants to Sanyo an exclusive right and license under all the Patent
      Rights, Copyright and Trade Marks to sell and distribute the Product in
      the Market to[****];

            

    

     

    
      	 
      	
              (b)

            	
              PureDepth
      will not approach the Specified Customers in relation to potential sales
      of the Product to them within the Market during the
  Term.

            

    

     

    
      	 
      	
              (c)

            	
              The
      royalty rate applicable to [****] will [****]
..

            

    

     

    
      	 
      	
              (d)

            	
              PureDepth
      will not grant the right to any other party to sell or distribute product
      incorporating the Product to be launched into the Market prior to 31
      August 2009.

            

    

     

    
      	 
      	
              (e)

            	
              PureDepth
      will notify Sanyo prior to [****].

            

    

     

    
      	 
      	
              (f)

            	
              PureDepth
      acknowledges that Sanyo has a preferred manufacturer position with
      PureDepth in as much as PureDepth will encourage New Licensees to utilize
      Sanyo’s manufacturing expertise in the MLD technology under the reasonable
      conditions of use.

            

    

     

    
      	
              1.5

            	
              Clause
      5.2 of the Principal Agreement is
deleted.

            

    

     

    
      	
              1.6

            	
              Clause
      6 of the Principal Agreement is amended by inserting a new clause 6.4 as
      follows:

            

    

     

    
      	 
      	
              6.4

            	
              Sanyo
      will notify PureDepth prior to entering into an agreement with a customer
      of Sanyo far the supply of the Product or the Sanyo
      Product.  Puredepth will ask .for and Sanyo will promptly
      provide explanation concerning that agreement insofar as it relates to
      Sanyo’s obligations under this
Agreement.

            

    

     

    
      	
              1.7

            	
              Schedule
      1 of the Principal Agreement is amended by inserting at the end of
      Schedule 1 the following:

            

    

     

    Royalty
Rates

     

    For
the portion of the Term to 31 May 2009 the royalty for each unit of Product sold
by Sanyo itself or incorporated into the Sanyo Product is to be calculated at
the rate set out in the annexure to this Agreement being, in relation to
Products or Sanyo Products manufactured by Sanyo:

     

    
      	 
      	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            
	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            
	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            
	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            
	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            	
              [****]

            
	 
      	 
      	 
      	 
      	 
      

    

    For
the portion of the Term from 1 June 2009 the royalty for each unit of Product
sold by Sanyo itself or incorporated into the Sanyo Product, will, except as
otherwise agreed in writing between the parties, be:

     

    
      	
              [****]

            	
              [****]

            
	
              [****]

            	
              [****]

            
	
              [****]

            	
              [****]

            

    

     

    These
[****] apply to units sold [****], to total units of Product and Sanyo Product
sold .commencing 1 June 2009.  Where Sanyo enters into a supply
contract with a customer during the portion of the Term from 1 June 2009,
PureDepth agrees that [****].

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    If
Sanyo renews any contract with any of its customers, [****].

     

    If
Sanyo is negotiating with a major customer or potential major customer for the
sale of Product or Sanyo Product, Sanyo [****].

     

    
      	
              2.

            	
              General

            

    

     

    
      	
              2.1

            	
              Except
      as expressly varied by this agreement, in all other respects the Agreement
      is confirmed.  The variations in this agreement are without
      prejudice to rights and obligations accrued prior to the Effective
      Date.

            

    

     

    
      	
              2.2

            	
              Each
      party will do all things and execute all documents reasonably required in
      order to give effect to the provisions and intent of this
      agreement.

            

    

     

    
      	
              2.3

            	
              This
      agreement is executed and interpreted in the English language
      only.  No translation of this agreement into any language will
      be of any force or effect in the interpretation of this agreement or in a
      determination of the intent of any of the parties to this
      agreement.

            

    

     

    
      	
              2.4

            	
              SANYO
      Electric System Solutions Co., Ltd., hereby guarantees the performance and
      compliance with the rights and obligations under this agreement on behalf
      of SANYO Electric Co., Ltd.

            

    

     

    
      	
              SIGNED:

            	 
      	 
      
	 
      	 
      	 
      
	
              SIGNED
      by PureDepth, Inc.

            	
              )

            	 
      
	 
      	
              )

            	
              /s/ Andy L. Wood

            
	 
      	 
      	
              Chief
      Executive Officer

              May
      29, 2009

            
	 
      	 
      	 
      
	
              SIGNED
      by SANYO Electric 

            	
              )

            	 
      
	
              System
      Solutions Co., Ltd 

            	
              )

            	
              /s/ Tsutomu Fujita, Director

              May
      28, 2009

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]