Document:

EX-4.1

Exhibit 4.1

LEXMARK INTERNATIONAL, INC., as Company

and

The Bank of New York Trust Company, N.A.,

as Trustee

Form
of Indenture

Dated as
of May 22, 2008

 

 

TABLE
OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE 1

	Definitions

	 
	 	 	 	 
	Section 1.01. Certain Terms Defined
	 	 	1	 
	Section 1.02. Other Definitions.
	 	 	9	 
	 
	 	 	 	 
	ARTICLE 2

	Security Forms

	 
	 	 	 	 
	Section 2.01. Forms Generally
	 	 	9	 
	Section 2.02. Form of Trustee’s Certificate of Authentication
	 	 	9	 
	 
	 	 	 	 
	ARTICLE 3

	Issue, Execution, Form and Registration of Securities

	 
	 	 	 	 
	Section 3.01. Amount Unlimited; Issuable in Series
	 	 	10	 
	Section 3.02. Authentication and Delivery of Securities
	 	 	13	 
	Section 3.03. Execution of Securities
	 	 	13	 
	Section 3.04. Certificate of Authentication
	 	 	13	 
	Section 3.05. Denomination and Date of Securities; Payments of Interest
	 	 	13	 
	Section 3.06. Global Security Legend
	 	 	14	 
	Section 3.07. Registration, Transfer and Exchange
	 	 	15	 
	Section 3.08. Book-Entry Provisions for Global Securities
	 	 	16	 
	Section 3.09. Mutilated, Defaced, Destroyed, Lost and Stolen Securities
	 	 	18	 
	Section 3.10. Cancellation of Securities
	 	 	19	 
	Section 3.11. Temporary Securities
	 	 	20	 
	Section 3.12. CUSIP and ISIN Numbers
	 	 	20	 
	 
	 	 	 	 
	ARTICLE 4

	Certain Covenants

	 
	 	 	 	 
	Section 4.01. Payment of Principal, Premium and Interest on Securities
	 	 	20	 
	Section 4.02. Maintenance of Office or Agency
	 	 	21	 
	Section 4.03. Money for Securities Payments to Be Held in Trust
	 	 	21	 
	Section 4.04. Existence
	 	 	22	 
	Section 4.05. Limitation on Liens
	 	 	22	 
	Section 4.06. Limitation on Sale and Lease-Back
	 	 	24	 
	Section 4.07. Statement by Officers as to Default
	 	 	24	 
	Section 4.08. Waiver of Certain Covenants
	 	 	24	 

 

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE 5

	Remedies of the Trustee and Holders on Event of Default

	 
	 	 	 	 
	Section 5.01. Events of Default
	 	 	25	 
	Section 5.02. Acceleration
	 	 	26	 
	Section 5.03. Other Remedies
	 	 	27	 
	Section 5.04. Waiver of Past Defaults
	 	 	27	 
	Section 5.05. Control by Majority
	 	 	28	 
	Section 5.06. Limitation on Suits
	 	 	28	 
	Section 5.07. Rights of Holders to Receive Payment
	 	 	29	 
	Section 5.08. Collection Suit by Trustee
	 	 	29	 
	Section 5.09. Trustee May File Proofs of Claim
	 	 	29	 
	Section 5.10. Priorities
	 	 	29	 
	Section 5.11. Undertaking for Costs
	 	 	30	 
	Section 5.12. Restoration of Rights and Remedies
	 	 	30	 
	Section 5.13. Rights and Remedies Cumulative
	 	 	30	 
	Section 5.14. Delay or Omission Not Waiver
	 	 	31	 
	 
	 	 	 	 
	ARTICLE 6

	Concerning the Trustee

	 
	 	 	 	 
	Section 6.01.
Duties and Responsibilities of the Trustee; During Default; Prior to Default
	 	 	31	 
	Section 6.02. Certain Rights of the Trustee
	 	 	32	 
	Section 6.03. Trustee Not Responsible for Recitals, Disposition of
Securities or Application of Proceeds Thereof
	 	 	34	 
	Section 6.04.
Trustee and Agents May Hold Securities; Collections, Etc.
	 	 	34	 
	Section 6.05. Moneys Held by Trustee
	 	 	34	 
	Section 6.06. Notice of Default
	 	 	35	 
	Section 6.07. Compensation and Indemnification of Trustee and Its Prior
Claim
	 	 	35	 
	Section 6.08.
Right of Trustee to Rely on Officers’ Certificate, Etc.
	 	 	36	 
	Section 6.09. Persons Eligible for Appointment as Trustee
	 	 	36	 
	Section 6.10. Resignation and Removal; Appointment of Successor Trustee
	 	 	36	 
	Section 6.11. Acceptance of Appointment by Successor
	 	 	38	 
	Section 6.12. Merger, Conversion, Consolidation or Succession to Business
of Trustee
	 	 	39	 
	Section 6.13. Preferential Collection of Claims
	 	 	40	 
	Section 6.14. Communications with the Trustee
	 	 	40	 
	 
	 	 	 	 
	ARTICLE 7

	Concerning the Holders

	 
	 	 	 	 
	Section 7.01. Evidence of Action Taken by Holders
	 	 	40	 

 

 

	 	 	 	 	 
	 	 	Page	 
	Section 7.02. Proof of Execution of Instruments and of Holding of
Securities; Record Date
	 	 	41	 
	Section 7.03. Who May Be Deemed Owners of Securities
	 	 	41	 
	Section 7.04. Securities Owned by Company Deemed Not Outstanding
	 	 	41	 
	Section 7.05. Record Date for Action by Securityholders
	 	 	42	 
	Section 7.06. Right of Revocation of Action Taken
	 	 	43	 
	 
	 	 	 	 
	ARTICLE 8

	 
	 	 	 	 
	Section 8.01. [Reserved].
	 	 	43	 
	 
	 	 	 	 
	ARTICLE 9

	Amendments, Supplements and Waivers

	 
	 	 	 	 
	Section 9.01. Supplemental Indentures Without Consent of Holders
	 	 	43	 
	Section 9.02. With Consent of Holders
	 	 	44	 
	Section 9.03. Effect of Supplemental Indenture
	 	 	46	 
	Section 9.04. Documents to Be Given to Trustee; Compliance with TIA
	 	 	46	 
	Section 9.05. Notation on Securities in Respect of Supplemental Indentures
	 	 	46	 
	 
	 	 	 	 
	ARTICLE 10

	Consolidation, Merger or Sale of Assets

	 
	 	 	 	 
	Section 10.01.
When the Company May Merge, Etc.
	 	 	46	 
	Section 10.02. Successor Corporation Substituted
	 	 	47	 
	Section 10.03. Opinion of Counsel to Trustee
	 	 	47	 
	 
	 	 	 	 
	ARTICLE 11

	Redemption of Securities

	 
	 	 	 	 
	Section 11.01. Applicability of Article
	 	 	48	 
	Section 11.02. Notice of Redemption; Partial Redemptions
	 	 	48	 
	Section 11.03. Payment of Securities Called for Redemption
	 	 	49	 
	 
	 	 	 	 
	ARTICLE 12

	Defeasance and Covenant Defeasance

	 
	 	 	 	 
	Section 12.01. Applicability of the Article; Company’s Option to
Effect Defeasance or Covenant Defeasance
	 	 	50	 
	Section 12.02. Full Defeasance and Discharge
	 	 	50	 
	Section 12.03. Covenant Defeasance
	 	 	51	 
	Section 12.04. Conditions to Legal or Covenant Defeasance
	 	 	51	 
	Section 12.05. Deposited Money and Government Securities to Be
Held in Trust; Other Miscellaneous Provisions
	 	 	53	 
	Section 12.06. Repayment to the Company
	 	 	53	 
	Section 12.07. Reinstatement
	 	 	54	 

 

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE 13

	Satisfaction and Discharge

	 
	 	 	 	 
	Section 13.01. Satisfaction and Discharge of Indenture
	 	 	54	 
	Section 13.02. Application of Trust Money
	 	 	55	 
	 
	 	 	 	 
	ARTICLE 14

	Holders’ Lists and Reports by Trustee and Company

	 
	 	 	 	 
	Section 14.01. Company to Furnish Trustee Names and Addresses of Holders
	 	 	55	 
	Section 14.02. Preservation of Information; Communications to Holders
	 	 	56	 
	Section 14.03. Reports by the Trustee
	 	 	57	 
	Section 14.04. Reports by the Company
	 	 	57	 
	 
	 	 	 	 
	ARTICLE 15

	Miscellaneous Provisions

	 
	 	 	 	 
	Section 15.01. Incorporators, Stockholders, Officers and Directors
of Company Exempt from Individual Liability
	 	 	58	 
	Section 15.02. Provisions of Indenture for the Sole Benefit of Parties and
Holders
	 	 	58	 
	Section 15.03. Successors and Assigns of Company Bound by Indenture
	 	 	58	 
	Section 15.04. Notices to Holders
	 	 	59	 
	Section 15.05. Officers, Certificates and Opinions of Counsel; Statements
to Be Contained Therein
	 	 	59	 
	Section 15.06. Payments Due on Saturdays, Sundays and Holidays
	 	 	60	 
	Section 15.07. Conflict of Any Provision of Indenture with Trust
Indenture Act
	 	 	60	 
	Section 15.08. New York Law to Govern
	 	 	60	 
	Section 15.09. Third Party Beneficiaries
	 	 	61	 
	Section 15.10. Counterparts
	 	 	61	 
	Section 15.11. Effect of Headings
	 	 	61	 
	Section 15.12. Severability
	 	 	61	 
	Section 15.13. Patriot Act Compliance
	 	 	61	 

 

 

LEXMARK INTERNATIONAL, INC.

Reconciliation and tie between Trust Indenture Act of 1939

and this Indenture

	 	 	 	 	 	 	 	 	 
	Trust Indenture Act	 	Indenture
	Section	 	Section
	 	 	 	§310	(a)(l)
	 	 	6.09	 
	 	 	 	 	(a)(2)
	 	 	6.09	 
	 	 	 	 	(a)(3)
	 	 	Not Applicable   
	 	 	 	 	(a)(4)
	 	 	Not Applicable
	 	 	 	 	(a)(5)
	 	 	6.09	 
	 	 	 	 	(b)
	 	 	6.10	 
	 	 	 	§311	(a)
	 	 	6.13	 
	 	 	 	 	(b)
	 	 	6.13	 
	 	 	 	 	(b)(2)
	 	 	14.03(a), 14.03(b)
	 	 	 	§312	(a)
	 	 	14.01, 14.02 (a)
	 	 	 	 	(b)
	 	 	14.02(b)
	 	 	 	 	(c)
	 	 	14.02(c)
	 	 	 	§313	(a)
	 	 	14.03(a)
	 	 	 	 	(b)
	 	 	14.03(a)
	 	 	 	 	(c)
	 	 	14.03(a),14.03(b)
	 	 	 	 	(d)
	 	 	14.03(b)
	 	 	 	§314	(a)
	 	 	14.04	 
	 	 	 	 	(b)
	 	 	Not Applicable   
	 	 	 	 	(c)(l)
	 	 	15.05	 
	 	 	 	 	(c)(2)
	 	 	15.05	 
	 	 	 	 	(c)(3)
	 	 	Not Applicable
	 	 	 	 	(d)
	 	 	Not Applicable
	 	 	 	 	(e)
	 	 	15.05	 
	 	 	 	§315	(a)
	 	 	6.01	 
	 	 	 	 	(b)
	 	 	6.06,14.03(a)
	 	 	 	 	(c)
	 	 	6.01	 
	 	 	 	 	(d)
	 	 	6.01	 
	 	 	 	 	(d)(1)
	 	 	6.01	 
	 	 	 	 	(d)(2)
	 	 	6.01	 
	 	 	 	 	(d)(3)
	 	 	6.01	 
	 	 	 	 	(e)
	 	 	5.11	 
	 	 	 	§316	(a)(1)(A)
	 	 	5.05	 
	 	 	 	 	(a)(1)(B)
	 	 	5.02, 5.04
	 	 	 	 	(a)(2)
	 	 	Not Applicable
	 	 	 	 	(b)
	 	 	5.07	 
	 	 	 	 	(c)
	 	 	7.02	 
	 	 	 	§317	(a)(l)
	 	 	5.08	 
	 	 	 	 	(a)(2)
	 	 	5.09	 
	 	 	 	 	(b)
	 	 	4.03	 
	 	 	 	318	(a)
	 	 	15.07	 

 

			
	*	 	This cross-reference table shall not, for any purpose, be deemed to be part of this Indenture.

 

 

     INDENTURE,
dated as of May 22, 2008, among Lexmark International, Inc., a Delaware
corporation (the “Company”), and The Bank of New York Trust Company, N.A. (the “Trustee”).

RECITALS OF THE COMPANY

     WHEREAS, 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 (herein called the “Securities”), to be issued in one or more series as in this
Indenture provided; and

     WHEREAS,
all things necessary to make the Indenture a valid and legally binding indenture and agreement according
to its terms, have been done;

     NOW, THEREFORE:

     In consideration of the premises stated herein and the purchase of the Securities by the
Holders thereof, the Company and the Trustee mutually covenant and agree for the equal and
proportionate benefit of the respective Holders from time to time of the Securities as follows:

ARTICLE 1

Definitions

     Section 1.01. Certain Terms Defined. The following terms (except as otherwise expressly
provided or unless the context otherwise clearly requires) for all purposes of this Indenture and
of any indenture supplemental hereto shall have the respective meanings specified in this Section.
All other terms used in this Indenture which are defined in the Trust Indenture Act or the
definitions of which in the Securities Act are referred to in the Trust Indenture Act (except as
herein otherwise expressly provided or unless the context otherwise clearly requires), shall have
the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in
force at the date of this Indenture. All accounting terms used herein and not expressly defined
shall have the meanings given to them in accordance with generally accepted accounting principles
in the United States (whether or not such is indicated herein). 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. The terms defined in this Article include the
plural as well as the singular.

     “Agent Members” has the meaning provided in Section 3.08(a).

     “Attributable Value” means, as to any lease under which any Person is at the time liable,
other than a Capital Lease Obligation, and at any date as of which

1

 

the amount thereof is to be
determined, the total net amount of rent required to be paid by such Person under such lease during
the remaining term thereof as
determined in accordance with generally accepted accounting principles, discounted from the
last date of such term to the date of determination at a rate per annum equal to the discount rate
that would be applicable to a Capital Lease Obligation with like term in accordance with generally
accepted accounting principles. The net amount of rent required to be paid under any such lease
for any such period will be the aggregate amount of rent payable by the lessee with respect to such
period after excluding amounts required to be paid on account of insurance, taxes, assessments,
utility, operating and labor costs and similar charges. In the case of any lease that is
terminable by the lessee upon the payment of a penalty, such net amount will also include the
amount of such penalty, but no rent will be considered as required to be paid under such lease
subsequent to the first date upon which it may be so terminated.

     “Attributable
Value” means, as to a Capital Lease Obligation under which any Person is at the
time liable and at any date as of which the amount thereof is to be determined, the capitalized
amount thereof that would appear on the face of a balance sheet of such Person in accordance with
generally accepted accounting principles.

     “Authorized
Officer” means any of the Chairman of the Board, a Vice
Chairman of the Board, the President, the Chief Executive Officer,
any Vice President, the Chief Financial Officer, the Treasurer,
Assistant Treasurer, the Controller, Assistant Controller, the
Secretary or an Assistant Secretary, in each case, of the Company.

     “Board of Directors” means, with respect to any Person, the Board of Directors of such Person,
or any authorized committee of the Board of Directors of such Person or any officer of such Person
duly authorized by the Board of Directors of such Person to take a specific action.

     “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” means any day except a Saturday, Sunday or other day on which commercial banks
in the City of New York are authorized or obligated by law or executive order to close.

     “Capital Lease Obligation” of any Person means the obligation to pay rent or other payment
amounts under a lease of (or other Debt arrangements conveying the right to use) real or personal
property that is required to be classified and accounted for as a capital lease or a liability on
the face of a balance sheet of such Person in accordance with generally accepted accounting
principles. The stated maturity of such obligation will be deemed to be the date of the last
payment of rent or any other amount due under such lease prior to the first date upon which such
lease may be terminated by the lessee without payment of a penalty.

2

 

     “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Exchange Act, 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 corporation shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Company” shall mean such successor corporation.

     “Company Request” or “Company Order” means a written request or order signed in the name of
the Company by its Chairman of the Board, a Vice Chairman of the Board, its President, Chief
Executive Officer or a Vice President, and by its Chief Financial Officer, Treasurer, an Assistant
Treasurer, its Controller, an Assistant Controller, its Secretary or an Assistant Secretary, and
delivered to the Trustee.

     “Consolidated Net Tangible Assets” means all assets, less (i) all current liabilities
(excluding any indebtedness for borrowed money having a maturity of less than 12 months from the
date of the most recent consolidated balance sheet of the Company but which by its terms is
renewable or extendable beyond 12 months from such date at the option of the borrower), (ii) the
net book value of all licenses, patents, patent applications, copyrights, trademarks, trade names,
goodwill, non-compete agreements, organizational expenses and other like intangibles, (iii) all
unamortized Debt discount and expense, and (iv) all proper reserves, including all reserves for
depreciation, obsolescence, depletion and amortization of properties, of the Company and its
Subsidiaries, after eliminating inter-company items and including appropriate deductions for any
minority interest, as determined on a consolidated basis in accordance with generally accepted
accounting principles.

     “Corporate Trust Office” means the corporate trust office of the Trustee at which the
corporate trust business of the Trustee shall, at any particular time, be principally administered,
which office is, at the date as of which this Indenture is dated,
located at 2 North LaSalle Street,
7th
Floor, Chicago, Illinois 60602 or such address as the Trustee may designate from time to time by notice
to the Holders of the Company.

     “Debt” means (without duplication), with respect to any Person, (i) every obligation of such
Person for money borrowed, (ii) every obligation of such Person evidenced by bonds, debentures,
notes or other similar instruments, including obligations incurred in connection with the
acquisition of property, assets or businesses, (iii) every reimbursement obligation of such Person
with respect to letters of credit, bankers’ acceptances or similar facilities issued for the

3

 

account of such Person, (iv) every obligation of such Person issued or assumed as the deferred
purchase price of property or services (but excluding trade accounts payable or accrued liabilities
arising in the ordinary course of business), (v) every Capital Lease Obligation of such Person, and
(vi) all Guaranties by such Person of every obligation of the type referred to in clauses (i)
through (v) of another Person.

     “Default” means any event that is or with the passage of time or the giving of notice or both
would, unless cured or waived, be an Event of Default.

     “Depositary” means The Depository Trust Company, its nominees, and their respective
successors.

     “Event of Default” means any event or condition specified as such in Section 5.01 which shall
have continued for the period of time, if any, therein designated.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     “Government Securities” means direct obligations of, or obligations guaranteed by, the United
States of America, and the payment for which the United States pledges its full faith and credit.

     “Guaranty” by any Person means any obligation, contingent or otherwise, of such Person
guaranteeing any Debt of any other Person (the “primary obligor”) in any manner, whether directly
or indirectly, and includes any obligation of such Person (a) to purchase or pay (or advance or
supply funds for the purchase or payment of) such Debt or to purchase (or advance or supply funds
for the purchase of) any security for the payment of such Debt, (b) to purchase property,
securities or services for the purpose of assuring the holder of such Debt of the payment of such
Debt, or (c) to maintain working capital, equity capital or other financial statement condition or
liquidity of the primary obligor so as to enable the primary obligor to pay such Debt; provided,
however, that a Guaranty by any Person will not include endorsements by such Person for collection
or deposit, in either case in the ordinary course of business.

     “Holder,” “Holder of Securities,” “Securityholder” or other similar terms mean the registered
holder of any 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 hereunder.

4

 

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

     “Lien” means, with respect to any property or assets, any mortgage or deed of trust, pledge,
hypothecation, assignment, security interest, lien, charge, encumbrance, easement or other security
agreement of any kind or nature whatsoever on or with respect to such property or assets (including
any conditional sale or other title retention agreement having substantially the same economic
effect as any of the foregoing).

     “Material Adverse Effect” means a material adverse effect on the financial condition or
results of operations of the Company and its consolidated Subsidiaries, taken as a whole.

     “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, call for redemption or otherwise.

     “Net Available Proceeds” from any Sale Transaction by any Person means cash or readily
marketable cash equivalents received (including by way of sale or discounting of a note,
installment receivable or other receivable, but excluding any consideration received in the form of
assumption of Debt or other obligations by others or received in any other non-cash form) therefrom
by such Person, net of (i) all legal, title and recording tax expenses, commissions and other fees
and expenses incurred and all federal, state, provincial, foreign and local taxes required to be
accrued as a liability as a consequence of such Sale Transaction, (ii) all payments made by such
Person or its Subsidiaries on any Debt that is secured by a Lien on the property or assets so
disposed of in accordance with the terms of such Lien or that must, by the terms of such Lien, or
in order to obtain a necessary consent to such Sale Transaction, or by applicable law, be repaid
out of the proceeds from such Sale Transaction, and (iii) all distributions and other payments made
to third parties (other than Subsidiaries of the Person making the distribution or other payment)
in respect of minority or joint venture interests as a result of such Sale Transaction.

     “Notice of Default” has the meaning provided in Section 6.06.

     “Officer’s Certificate” means a certificate signed by the Chairman of the Board, the
President, a Vice President, the Chief Financial Officer, the Controller, the Treasurer, an
Assistant Treasurer or the Secretary of the Corporation, and delivered to the Trustee.

5

 

     “Opinion of Counsel” means an opinion in writing signed by legal counsel who may be an
employee of or counsel to the Company, which opinion shall be
reasonably satisfactory to the Trustee.

     “outstanding”, when used with reference to Securities, subject to the provisions of Article 7
means, as of any particular time, all Securities authenticated and delivered by the Trustee under
this Indenture, except:

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

     (b) Securities; or portions thereof, for the payment or
redemption of which moneys in the necessary amount shall have been
deposited in trust with the Trustee or with any Paying Agent
(other than the
Company) or shall have been set aside, segregated and held in
trust by the Company (if the Company shall act as its own
Paying Agent), provided that if such Securities or portions
thereof are to be redeemed prior to the Maturity thereof,
notice of such redemption shall have been given as herein
provided, or provision satisfactory to a Responsible Officer
of the Trustee shall have been made for giving such notice;

     (c) Securities in substitution for which other Securities
shall have been authenticated and delivered, or which shall have
been paid, pursuant to the terms of Section 3.09 (unless proof
satisfactory to the Trustee and the Company is presented that any
of such Securities is held by a Person in whose hands such
Security is a legal, valid and binding obligation of the Company);
and

     (d) Securities that have been defeased pursuant to Section
12.01.

     “Paying Agent” means any Person authorized by the Company to pay the principal of (and
premium, if any) and interest, if any, on any Securities on behalf of the Company. The Company may
act as Paying Agent with respect to any Securities issued hereunder.

     “Payment Office,” when used with respect to the Securities of or within any series, means the
place or places where the principal of (and premium, if any)

6

 

and interest on such Securities are
payable as specified as contemplated by Sections 3.01 and 4.01.

     “Permitted Receivables Financing” means any transaction or series of transaction entered into
by the Company or any of its Subsidiaries pursuant to which the Company or any Subsidiary of the
Company sells, conveys or otherwise transfers, without recourse (other than customary limited
recourse) by the Company or by any Subsidiary of the Company, to any buyer, purchaser or lender
interests in accounts receivable (whether now existing or arising in the future) or grants a
security interest in any accounts receivable (whether now existing or arising in the future) and
any assets related thereto, so long as all cash advances to all such programs from the Person
providing such financings does not exceed $400,000,000 at any one time.

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

     “Physical Securities” means Securities issued pursuant to Section 3.01 in exchange for an
interest in the Global Security or pursuant to Section 3.08(b) in registered form substantially in
the form recited in Section 3.01.

     “Principal Amount” means, when used with respect to any Security, the amount of principal of
such Security that could then be declared due and payable pursuant to Section 5.02.

     “Registrar” has the meaning provided in Section 3.07.

     “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 3.01.

     “Responsible Officer” when used with respect to the Trustee means any officer within the
Corporate Trust Office of the Trustee including any vice president, any trust officer, any
assistant vice president, any assistant secretary, any assistant treasurer, or any other officer of
the Trustee customarily performing functions similar to those performed by the persons who at the
time shall be such officers, respectively, or to whom any corporate trust matter is referred
because of his or her knowledge of and familiarity with the particular subject and who shall have
direct responsibility for the administration of this Indenture.

     “Sale and Leaseback Transaction” of any Person means an arrangement with any lender or
investor or to which such lender or investor is a party providing for the leasing by such Person of
any property or assets of such Person

7

 

which has been or is being sold, conveyed, transferred or
otherwise disposed of by such Person more than 270 days after the acquisition thereof or the
completion of construction or commencement of operation thereof to such lender or investor or to
any Person to whom funds have been or are to be advanced by such lender or investor on the security
of such property or assets. The stated maturity of such arrangement will be deemed to be the date
of the last payment of rent or any other amount due under such arrangement prior to the first date
on which such arrangement may be terminated by the lessee without payment of a penalty.

     “Sale Transaction” means any sale, conveyance, transfer or other disposition of the kind
referred to in the first sentence of the definition of “Sale and Leaseback Transaction”.

     “Securities Act” means the Securities Act of 1933, as amended.

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

     “Security Register” has the meaning provided in Section 3.07.

     “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 or a coupon representing
such installment of interest as the fixed date on which the principal of such Security or such
installment of principal or interest is due and payable.

     “Subsidiary” of any Person means any corporation, partnership, limited liability company,
joint venture, trust or other entity as to which more than 50% of the voting power of its
outstanding capital stock or other ownership interests is owned, directly or indirectly, by such
Person, by one or more other Subsidiaries of such Person or by such Person and one or more other
Subsidiaries of such Person. Unless otherwise indicated, any reference to a Subsidiary means a
Subsidiary of the Company.

     “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at the
date as of which this Indenture was originally executed, and “TIA”, when used in respect of an
indenture supplemental hereto, means such Act as in force at the time such indenture supplemental
hereto becomes effective.

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

8

 

Securities of any series shall mean only the Trustee with respect to
Securities of that series.

     “Wholly Owned Subsidiary” of any Person means any corporation, partnership, limited liability
company, joint venture, trust or other entity as to which 100% of the voting power of its
outstanding capital stock or other ownership interests is owned, directly or indirectly, by such
Person, by one or more other Wholly Owned Subsidiaries of such Person or by such Person and one or
more other Wholly Owned Subsidiaries of such Person. Unless otherwise indicated, any reference to
a Wholly Owned Subsidiary means a Wholly Owned Subsidiary of the Company.

     Section 1.02. Other Definitions.

	 	 	 	 	 
	 	 	Defined in Term Section
	“Covenant Defeasance”
	 	 	12.03	 
	“Full Defeasance”
	 	 	12.02	 

ARTICLE 2

Security Forms

     Section 2.01. Forms Generally. The Securities shall be in substantially the forms 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. If 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 certified by the Secretary or an Assistant
Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company
Order contemplated by Section 3.02 for the authentication and delivery of such Securities.

     The Trustee’s certificate of authentication on all Securities shall be in substantially the
form set forth in this Article.

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

9

 

     Section 2.02. Form of Trustee’s Certificate of Authentication. The Trustee’s certificate of
authentication shall be substantially in the following form:

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

	 	 	 	 	 
	 	The Bank of New York Trust Company,

N.A., as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 

ARTICLE 3

Issue, Execution, Form and Registration of Securities

     Section 3.01. Amount Unlimited; Issuable in Series. The aggregate Principal Amount of
Securities which may be authenticated and delivered under this Indenture is unlimited.

     The Securities may be issued from time to time in one or more series. Prior to the issuance of
Securities of any series, there shall be established in or pursuant to (i) one or more Board
Resolutions, (ii) action taken pursuant to a Board Resolution and (subject to Sections 3.03 and
3.04) set forth, or determined in the manner provided, in an Officers’ Certificate, or (iii) one or
more indentures supplemental hereto:

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

     (b) the purchase price, denomination and any limit upon the aggregate Principal
Amount of the Securities of the series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer
of, or in exchange for, or in lieu of, other Securities of the series pursuant to Sections
3.07, 3.09, 9.05 or 11.02);

     (c) the date or dates on which the principal of and premium, if any, on the
Securities of the series is payable or the method of determination thereof, any rights the
Company might have to extend the maturity of the Securities of the series and any rights
of the holders of the Securities to require payment of the Securities at any time;

     (d) the rate or rates at which the Securities of the series shall bear interest, if
any, or the method of calculating such rate or rates of interest, the date or dates from
which such interest shall accrue or the

10

 

method by which such date or dates shall be
determined, the Interest Payment Dates on which any such interest shall be payable and the
Regular Record Dates, if any, for the interest payable on any Interest Payment Date;

     (e) the place or places where the principal of (and premium, if any) and interest, if
any, on Securities of the series shall be payable;

     (f) the place or places where the Securities may be exchanged or transferred;

     (g) the period or periods within which, the price or prices at which, the currency or
currencies (including currency unit or units) in which, and the other terms and conditions
upon which Securities of the series may be redeemed, in whole or in part, at the option of
the Company,
if the Company is to have that option, and, if other than as provided in Section
11.02, the manner in which the particular Securities of such series (if less than all
Securities of such series are to be redeemed) are to be selected for redemption;

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

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

     (j) if other than U.S. dollars, the currency or currencies (including currency unit
or units) in which payments of principal of (and premium, if any) and interest, if any, on
the Securities of the series shall or may by payable, or in which the Securities of the
series shall be denominated, and the particular provisions applicable thereto;

     (k) if the payments of principal of (and premium, if any) and interest, if any, on
the Securities of the series are to be made, at the election of the Company or a
Securityholder, in a currency or currencies (including currency unit or units) other than
that in which such Securities are denominated or designated to be payable, the currency or
currencies (including currency unit or units) in which such payments are to be made, the
terms and conditions of such payments and the manner in which the

11

 

exchange rate with
respect to such payments shall be determined, and the particular provisions applicable
thereto;

     (l) if the amount of payments of principal of (and premium, if any) and interest, if
any, on the Securities of the series shall be determined with reference to an index,
formula or other method (which index, formula or method may be based, without limitation,
on a currency or currencies (including currency unit or units) other than that in which
the Securities of the series are denominated or designated to be payable), the index,
formula or other method by which such amounts shall be determined;

     (m) if other than the Principal Amount thereof, the portion of the Principal Amount
of Securities of the series which shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 5.02 or the method by which such portion shall be
determined;

     (n) any modifications of or additions to the Events of Default or the covenants of
the Company set forth herein with respect to Securities of the series;

     (o) if either or both of Section 12.02 and Section 12.03 shall be inapplicable to the
Securities of the series (provided that if no such inapplicability shall be specified,
then both Section 12.02 and Section 12.03 shall be applicable to the Securities of the
series);

     (p) if other than the Trustee, the identity of the Registrar and any Paying Agent;

     (q) if the Securities of the series shall be issued in whole or in part in global
form, (i) the Depositary for such global Securities, (ii) the form of any legend in
addition to or in lieu of that in Section 3.06 which shall be borne by such global
Security, (iii) whether beneficial owners of interests in any Securities of the series in
global form may exchange such interests for certificated Securities of such series and of
like tenor of any authorized form and denomination, and (iv) if other than as provided in
Section 3.07, the circumstances under which any such exchange may occur; and

     (r) any other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture, except as permitted by Section 9.01, but which may modify or
delete any provision of this Indenture insofar as it applies to such series), including
any terms which may be required by or advisable under the laws of the United States of
America or regulations thereunder or advisable (as determined by the Company) in
connection with the marketing of Securities of the series.

12

 

     All Securities of any one series shall be substantially identical except as to denomination
and except as may otherwise be provided (i) by one or more Board Resolutions, (ii) by action taken
pursuant to a Board Resolution and (subject to Sections 3.02-3.05) set forth, or determined in the
manner provided, in an Officers’ Certificate or (iii) in any such indenture supplemental hereto.
All Securities of any one series need not be issued at the same time and, unless otherwise
provided, a series may be reopened, without the consent of the Holders, for issuances of additional
Securities of such series.

     If any of the terms of the Securities of any series are established by action taken pursuant
to a Board Resolution, a copy of an appropriate record of such action shall be certified by the
Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Officers’ Certificate setting forth, or providing the manner for determining, the
terms of the Securities of such series, and an appropriate record of any action taken pursuant
thereto in connection with the issuance of any Securities of such series shall be delivered to the
Trustee prior to the authentication and delivery thereof.

     Section 3.02. Authentication and Delivery of Securities. Upon the execution and delivery of
this Indenture, or from time to time thereafter, Securities may be
executed on behalf of  the Company by any Authorized Officer and
delivered to the Trustee for authentication, and upon delivery to the Trustee of all documents and
certificates as required by this Indenture, the Trustee shall thereupon authenticate and make
available for delivery said Securities to or upon a Company Order without any further action by the
Company.

     Section 3.03. Execution of Securities. The Securities shall be signed on behalf of the
Company by its Chairman of the Board of Directors or any Vice Chairman of the Board of Directors or
its President or any Vice President (whether or not designated by a number or numbers or a word or
words added before or after the title “Vice President”). Such signatures may be the manual or
facsimile signatures of the present or any future such officers. In case any officer of the
Company who shall have signed any of the Securities shall cease to be such officer before the
Security so signed shall be authenticated and delivered by the Trustee or disposed of by the
Company, such Security nevertheless may be authenticated and delivered or disposed of as though the
person who signed such Security had not ceased to be such officer of the Company, as the case may
be; and any Security may be signed on behalf of the Company by such persons as, at the actual date
of the execution of such Security shall be the proper officers of the Company, as the case may be,
although at the date of the execution and delivery of this Indenture any such person was not such
officer.

     Section 3.04. Certificate of Authentication. Only such Securities as shall bear thereon a
certificate of authentication substantially in the form hereinabove recited, executed by the
Trustee by manual signature of one of its authorized

13

 

signatories, shall be entitled to the benefits
of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee upon
any Security executed by the Company shall be conclusive evidence that the Security so
authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled
to the benefits of this Indenture.

     Section 3.05. Denomination and Date of Securities; Payments of Interest. (a) The Securities
shall be issuable in such denominations as shall be specified as contemplated by Section 3.01. In
the absence of any such provisions with respect to the Securities, the Securities shall be issuable
in denominations of $1,000 and any integral multiples thereof, The Securities shall be numbered,
lettered, or otherwise distinguished in such manner or in accordance with such plans as the
officers of the Company executing the same may determine with the approval of the Trustee.

     Any of the Securities may be issued with appropriate insertions, omissions, substitutions and
variations, and may have imprinted or otherwise reproduced thereon such legend or legends, not
inconsistent with the provisions of this Indenture, as may be required to comply with any law or
with any rules or regulations pursuant thereto, including those required by Section 3.06, or with
the
rules of any securities market in which the Securities are admitted to trading, or to conform
to general usage.

     Each Security shall be dated the date of its authentication, shall bear interest from the
applicable date and shall be payable on the dates specified on the face of the Security. Except as
otherwise specified as contemplated by Section 3.01 for Securities of any series, interest on the
Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

     (b) If Securities of or within a series are issuable in whole or in part in global form, then
any such Security of such series shall be deposited with the Trustee as custodian for the
Depositary and registered in the name of Cede & Co., as nominee for the Depositary. The Global
Security shall be deposited on behalf of the purchasers of the Securities represented thereby with
the Trustee, as custodian for the Depositary (or with such other custodian as the Depositary may
direct), and registered in the name of the Depositary or a nominee of the Depositary, duly executed
by the Company and authenticated by the Trustee as previously provided. The aggregate Principal
Amount of the Global Securities may from time to time be increased or decreased by adjustments made
on the records of the Trustee and the Depositary or its nominee as hereinafter provided. Each such
Global Security shall constitute a single security for all purposes under this Indenture.

     (c) The person in whose name any Security is registered at the close of business on any
Regular Record Date with respect to any Interest Payment Date,

14

 

with respect to such Security, shall
be entitled to receive the interest, if any, payable on such Interest Payment Date notwithstanding
any transfer or exchange of such Security subsequent to the Regular Record Date and prior to such
Interest Payment Date, except if and to the extent the Company shall default in the payment of the
interest due on such Interest Payment Date, with respect to such Security, in which case such
defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest,
shall be paid to the Persons in whose names outstanding Securities are registered at the close of
business on a subsequent record date (which shall be not less than five Business Days prior to the
date of such payment) established by notice given by mail by or on behalf of the Company to the
Holders of Securities not less than 15 days preceding such subsequent record date.

     Section 3.06. Global Security Legend. Any Security in global form authenticated and
delivered hereunder shall bear a legend in substantially the following form, or in such other form
as may be necessary or appropriate to reflect the arrangements with or to comply with the
requirements of any Depositary:

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A
NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT
THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND
ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO THE DEPOSITORY TRUST COMPANY OR TO NOMINEES OF THE

15

 

DEPOSITORY TRUST COMPANY OR TO A
SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE.

     Section 3.07. Registration, Transfer and Exchange. The Securities are issuable only in
registered form without coupons. The Company will keep at each office or agency (the “Registrar”)
for each series of Securities a register or registers (the “Security Register(s)”) in which,
subject to such reasonable regulations as it may prescribe, it will register, and will register the
transfer of, Securities as in this Article provided. Such Security Register or Security Registers
shall be in written form in the English language or in any other form capable of being converted
into such form within a reasonable time. At all reasonable times such Security Register or
Security Registers shall be open for inspection by the Trustee. The initial Registrar shall be the
Trustee.

     Upon due presentation for registration of transfer of any Security of any series at each such
office or agency, the Company shall execute and the Trustee shall authenticate and make available
for delivery in the name of the designated transferee or transferees a new Security or Securities
of the same series, in each case, of any authorized denominations and of a like aggregate Principal
Amount.

     At the option of the Holder, Securities of any series (except a Security in global form) may
be exchanged for other Securities of the same series, of any authorized denominations and of a like
aggregate Principal Amount and Stated Maturity, upon surrender of the Securities to be exchanged at
such office or agency. Whenever any Securities are so surrendered for exchange, the Company
shall execute, and the Trustee shall authenticate and make available for delivery, the
Securities which the Holder making the exchange is entitled to receive.

     A Holder may transfer a Security only by written application to the Registrar stating the name
of the proposed transferee and otherwise complying with the terms of this Indenture. No such
transfer shall be effected until, and such transferee shall succeed to the rights of a Holder only
upon, final acceptance and registration of the transfer by the Registrar in the Security Register.
Prior to the registration of any transfer by a Holder as provided herein, the Company, the Trustee,
and any agent of the Company shall treat the Person in whose name the Security is registered as the
owner thereof for all purposes whether or not the Security shall be overdue, and neither the
Company, the Trustee, nor any such agent shall be affected by notice to the contrary. Furthermore,
any Holder of a Global Security shall, by acceptance of such Global Security, agree that transfers
of beneficial interests in such Global Security may be effected only through a book entry system
maintained by the Holder of such Global Security (or its agent) and that ownership of a beneficial
interest in the Security shall be required to be reflected in a book entry. When Securities are
presented to the Registrar or a co-Registrar with a request to register the transfer or to exchange
them for an equal Principal Amount of Securities of other authorized denominations, the Registrar

16

 

shall register the transfer or make the exchange as requested if the requirements for such
transactions set forth herein are met. To permit registrations of transfers and exchanges, the
Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request.

     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 exchange or registration of transfer of
Securities (other than any such transfer taxes or other similar governmental charge payable upon
exchanges pursuant to Section 3.11, 9.05 or 11.03). No service charge to any Holder shall be made
for any such transaction.

     The Company shall not be required to exchange or register a transfer of (a) any Securities of
any series for a period of 15 days next preceding the first mailing of a notice of redemption of
Securities of that series to be redeemed, or (b) any Securities of any series selected, called or
being called for redemption except, in the case of any Security of any series where public notice
has been given that such Security is to be redeemed in part, the portion thereof not so to be
redeemed.

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

     Section 3.08. Book-Entry Provisions for Global Securities. (a) Each Global Security
initially shall (i) be registered in the name of the Depositary for such Global Securities or the
nominee of such Depositary, (ii) be delivered to the
Trustee as custodian for such Depositary or such nominee and (iii) bear legends as set forth
in Section 3.06.

     Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under
this Indenture with respect to any Global Security held on their behalf by the Depositary, or the
Trustee as its custodian, or under the Global Security, and the Depositary may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of such
Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee, from giving effect to
any written certification, proxy or other authorization furnished by the Depositary or impair, as
between the Depositary and its Agent Members, the operation of customary practices governing the
exercise of the rights of a holder of any Security.

     (b) Transfers of a Global Security shall be limited to transfers of such Global Security in
whole, but not in part, to the Depositary for such series, its successors or their respective
nominees. If at any time the Depositary for the

17

 

Securities of such series notifies the Company
that it is unwilling or unable to continue as Depositary or if at any time the Depositary shall no
longer be qualified to serve as the Depositary, the Company shall appoint a successor depositary
with respect to the Securities of such series. If a successor depositary for the Securities of
such series is not appointed by the Company within 90 days after the Company receives such notice
or becomes aware of such ineligibility, the Trustee, upon receipt of a Company Order for the
authentication and delivery of definitive Securities of such series of like tenor, will
authenticate and deliver Securities of such series of like tenor and terms in definitive form in an
aggregate Principal Amount equal to the Principal Amount of the Global Securities or Securities of
such series in exchange for such Global Security or Securities.

     The Company may at any time and in its sole discretion determine that the Securities of a
series issued in the form of one or more Global Securities shall no longer be represented by such
Global Securities. In such event, the Company will execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of definitive Securities of such series of like
tenor and terms, will authenticate and deliver Securities of such series of like tenor and terms in
definitive form in an aggregate Principal Amount equal to the Principal Amount of the Global
Security or Securities of such series in exchange for such Global Security or Securities.
Interests of beneficial owners in a Global Security may be transferred in accordance with the rules
and procedures of the Depositary. In addition, Physical Securities shall be transferred to all
beneficial owners in exchange for their beneficial interests in a Global Security, if (i) the
Depositary (A) notifies the Company that it is unwilling or unable to continue as Depositary for
such Global Security, and a successor depositary is not appointed by the Company within 90 days of
such notice, or (B) ceases to be qualified to serve as Depositary and a successor depositary is not
appointed by the Company within 90 days of such notice, (ii) the Company executes and delivers to
the Trustee a
Company Order that such Global Security shall be so transferable, registrable and
exchangeable, and such transfers shall be registrable, or (iii) an Event of Default of which the
Trustee has actual notice has occurred and is continuing and the Registrar has received a request
from the Depositary to issue such Physical Securities.

     (c) Any beneficial interest in one of the Global Securities that is transferred to a person
who takes delivery in the form of an interest in the another Global Security will, upon such
transfer, cease to be an interest in such Global Security and become an interest in the other
Global Security and, accordingly, will thereafter be subject to all transfer restrictions, if any,
and other procedures applicable to beneficial interests in such other Global Security for as long
as it remains such an interest.

     (d) In connection with any transfer of a portion of the beneficial interests in a Global
Security to beneficial owners pursuant to paragraph (b) of

18

 

this Section 3.08, the Registrar shall
reflect on its books and records the date and a decrease in the Principal Amount of such Global
Security in an amount equal to the Principal Amount of the beneficial interest in such Global
Security to be transferred, and the Company shall execute, and the Trustee shall authenticate and
make available for delivery, one or more Physical Securities of like tenor and amount.

     (e) In connection with the transfer of an entire Global Security to beneficial owners pursuant
to paragraph (b) of this Section, such Global Security shall be deemed to be surrendered to the
Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and
deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial
interest in such Global Security, an equal Principal Amount of Physical Securities of authorized
denominations.

     (f) The registered holder of a Global Security may grant proxies and otherwise authorize any
Person, including Agent Members and Persons that may hold interests through Agent Members, to take
any action which a Holder is entitled to take under this Indenture or the Securities of such
series.

     Section 3.09. Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case any
temporary or definitive Security shall become mutilated, defaced or be apparently destroyed, lost
or stolen, the Company in its discretion may execute, and upon the delivery to the Trustee of a
Company Order and of all documents and certificates as required by this Indenture, the Trustee
shall authenticate and make available for delivery, a new Security of the same series bearing a
number not contemporaneously outstanding, in exchange and substitution for the mutilated or defaced
Security, or in lieu of and substitution for the Security so apparently destroyed, lost or stolen.
In every case the applicant for a substitute Security shall furnish to the Company and the Trustee
and any agent of the Company or the Trustee such security or indemnity as may be required by each
of
them to indemnify and defend and to save each of them harmless and, in every case of
destruction, loss or theft, evidence to their satisfaction of the apparent destruction, loss or
theft of such Security and of the ownership thereof.

     Upon the issuance of any substitute Security, the Company may require the payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in relation thereto
and any other expenses (including the fees and expenses of the Trustee) connected therewith. In
case any Security which has matured or is about to mature, or has been called for redemption in
full, shall become mutilated or defaced or be apparently destroyed, lost or stolen, the Company
may, instead of issuing a substitute Security of the same series, pay or authorize the payment of
the same (without surrender thereof except in the case of a mutilated or defaced Security), if the
applicant for such payment shall furnish to the Company and to the Trustee and any agent of the
Company or the Trustee

19

 

such security or indemnity as any of them may require to save each of them
harmless from all risks, however remote, and, in every case of apparent destruction, loss or theft,
the applicant shall also furnish to the Company and the Trustee and any agent of the Company or the
Trustee evidence to their satisfaction of the apparent destruction, loss or theft of such Security
and of the ownership thereof.

     Every substitute Security issued pursuant to the provisions of this Section by virtue of the
fact that any Security is apparently destroyed, lost or stolen shall constitute an additional
contractual obligation of the Company whether or not the apparently destroyed, lost or stolen
Security shall be at any time enforceable by anyone and shall be entitled to all the benefits of
(but shall be subject to all the limitations of rights set forth in) this Indenture equally and
proportionately with any and all other Securities duly authenticated and delivered hereunder. All
Securities shall be held and owned upon the express condition that, to the extent permitted by law,
with respect to the holder of a substitute Security, the foregoing provisions are exclusive with
respect to the replacement or payment of mutilated, defaced, or apparently destroyed, lost or
stolen Securities and shall preclude any and all other rights or remedies notwithstanding any law
or statute existing or hereafter enacted to the contrary with respect to the replacement or payment
of negotiable instruments or other securities without their surrender.

     Section 3.10. Cancellation of Securities. All Securities surrendered for payment,
redemption, registration of transfer or exchange, if surrendered to the Company or any agent of the
Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to
the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as
expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of
cancelled Securities in accordance with its customary procedures. If the Company shall acquire any
of the Securities, such acquisition shall not operate as a redemption or satisfaction of the
indebtedness represented by such Securities unless and until the same are delivered to the Trustee
for cancellation.

     Section 3.11. Temporary Securities. Pending the preparation of definitive Securities of any
series, the Company may execute and the Trustee shall authenticate and make available for delivery
temporary Securities of such series (printed, lithographed, typewritten or otherwise reproduced, in
each case in form satisfactory to the Trustee). Temporary Securities shall be issuable as
registered Securities of such series without coupons, of any authorized denomination, and
substantially in the form of the definitive Securities of such series but with such omissions,
insertions and variations as may be appropriate for temporary Securities, all as may be determined
by the Company with the concurrence of the Trustee. Temporary Securities may contain such
reference to any provisions of this Indenture as may be appropriate. Every temporary Security
shall be executed by the Company and be authenticated by the Trustee upon the same conditions

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and
in substantially the same manner, and with like effect, as the definitive Securities of such
series. Without unreasonable delay the Company shall execute and shall furnish definitive
Securities of such series and thereupon temporary Securities of such series may be surrendered in
exchange therefor without charge at each office or agency to be maintained by the Company for the
purpose pursuant to Section 4.02, and upon delivery to the Trustee of all documents and
certificates as required by this Indenture, the Trustee shall authenticate and make available for
delivery in exchange for such temporary Securities a like aggregate Principal Amount of definitive
Securities of such series of authorized denominations. Until so exchanged the temporary Securities
of such series shall be entitled to the same benefits under this Indenture as definitive Securities
of such series.

     Section 3.12. CUSIP and ISIN Numbers. The Company in issuing the Securities of any series
may use a “CUSIP” or “ISIN” number (if then generally in use), and, if so, the Trustee shall use
the CUSIP numbers or ISIN numbers, as the case may be, in notices of redemption or exchange as a
convenience to Holders of such series; provided that any such notice shall state that no
representation is made as to the correctness of such numbers either as printed on the Securities or
as contained in any notice of redemption or exchange and that reliance may be placed only on the
other identification numbers printed on the Securities and any such redemption shall not be
affected by any defect in or omission of such numbers. The Company shall promptly notify the
Trustee of any change in the CUSIP numbers or ISIN numbers.

ARTICLE 4

Certain Covenants

     Section 4.01. Payment of Principal, Premium and Interest on Securities. The Company, for
the benefit of each series of the Securities, will duly and punctually pay or cause to be paid the
principal of and any premium and interest on the Securities of that series in accordance with the
terms of such Securities and this Indenture.

     Section 4.02. Maintenance of Office or Agency. The Company will maintain a Payment Office
where Securities may be presented or surrendered for payment, where Securities may be surrendered
for registration of transfer or exchange, and where notices and demands to or upon the Company in
respect of the Securities and this Indenture may be served. The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency.
If at any time the Company shall fail to maintain any such required office or agency or shall fail
to furnish the Trustee with the address thereof, such presentations, surrenders, notices, and
demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby

21

 

initially appoints the Trustee at its office or agency 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 accordance with the requirements set forth above for Securities of any series for such
purposes. The Company will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency.

     Section 4.03. Money for Securities Payments to Be Held in Trust. (a) If the Company shall
at any time act as its own Paying Agent with respect to any series of Securities, it will, on or
before each due date of the principal of or any premium or interest on any of the Securities of
that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum
sufficient to pay the principal and any premium and interest so becoming due until such sums shall
be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the
Trustee of its action or failure so to act.

     (b) Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, prior to each due date of the principal of or any premium or interest on any Securities of
that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held
as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company
will promptly notify the Trustee of its action or failure so to act.

     (c) The Company will cause each Paying Agent for any series of Securities (other than the
Trustee) to execute and deliver to the Trustee an instrument in which such Paying Agent will agree
with the Trustee, subject to the provisions of this Section 4.03, that such Paying Agent will (i)
comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent; (ii) hold
all sums held by it for the payment of the principal of (and premium, if any) or interest, if any,
on the Securities of that series in trust for the benefit of the Holders until such sums shall be
paid to such Holders or otherwise disposed of as
herein provided; (iii) give the Trustee notice of any default by the Company (or any other
obligor upon the Securities) in the making of any payment of principal (and premium, if any) or
interest, if any, on the Securities of that series; and (iv) during the continuance of any default
by the Company (or any other obligor upon the Securities of that series) in the making of any
payment in respect of the Securities of that series, and upon the written request of that Trustee,
forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of
the Securities of that series.

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     (d) The Company may at any time, for the purpose of obtaining the satisfaction and discharge
of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to
pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be
held by the Trustee upon the same trusts as those upon which such sums were held by the Company or
such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent
will be released from all further liability with respect to such money.

     (e) Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in
trust for the payment of the principal of or any premium or interest on any Security of any series
and remaining unclaimed for two years after such principal, premium, or interest has become due and
payable will be paid to the Company upon a Company Request (or, if then held by the Company, will
be discharged from such trust); and the Holder of such Security will 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, will 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 will not be less than 30
calendar days from the date of such publication, any unclaimed balance of such money then remaining
will be repaid to the Company.

     Section 4.04. Existence. Subject to Article 10, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect its existence and rights (charter
and statutory); provided, however, that the Company will not be required to preserve any such right
or franchise if the Board of Directors determines that the preservation thereof is no longer
desirable in the conduct of the business of the Company and that the loss thereof will not result
in a Material Adverse Effect.

     Section 4.05. Limitation on Liens. The Company covenants and agrees that, so long as any of
the Securities shall be outstanding, neither it nor any Subsidiary will incur any Lien on property
or assets owned on or acquired after
the date of this Indenture to secure Debt without making, or causing such Subsidiary to make,
effective provision for securing the Securities (and, if the Company may so determine, any other
Debt of the Company or such Subsidiary that is not subordinated in right or payment to the
Securities) (x) equally and ratably with such Debt as to such property or assets for as long as
such Debt will be so secured or (y) in the event such Debt is subordinated in right of payment to

23

 

the Securities, prior to such Debt as to such property for as long as such Debt will be so secured.

     The restrictions in the preceding paragraph will not apply to Liens existing on the date of
this Indenture or to:

     (a) Liens securing only the Securities;

     (b) Liens in favor of only one or more of the Company and the Subsidiaries securing Debt of
the Company to a Subsidiary or of a Subsidiary to the Company or to another Subsidiary;

     (c) any Lien on property of a Person existing immediately prior to the time such Person is
merged with or into or consolidated with the Company or any Subsidiary or otherwise becomes a
Subsidiary of the Company (provided that such Lien is not incurred in anticipation of such
transaction and does not extend beyond the property subject thereto, or secure any Debt that is not
secured thereby, immediately prior to such transaction);

     (d) any Lien on property existing immediately prior to the time of acquisition thereof
(provided that such Lien is not incurred in anticipation of such acquisition and does not extend
beyond the property subject thereto, or secure any Debt that is not secured thereby, immediately
prior to such acquisition);

     (e) Liens to secure Debt incurred for the purpose of financing all or any part of the purchase
price of, or the cost of construction on or improvement of, the property subject to such Liens,
provided, however, that (A) the principal amount of any Debt secured by such a Lien does not exceed
100% of such price or cost, (B) such Lien does not extend to or cover any other property other than
such item of property and any improvements on such item and (C) such Lien must be created no later
than 12 months after such purchase or the completion of such construction or installation of such
improvements;

     (f) any Lien that may be deemed to arise from a Permitted Receivables Financing; and

     (g) Liens to secure Debt incurred to extend, renew, refinance or refund (or successive
extensions, renewals, refinancings or refundings), in whole or in part, Debt secured by any Lien
referred to in the foregoing sub-clauses (iii), (iv) and (v) as long as such Lien does not extend
to any other property and the Debt so secured is not increased except for increases in the amount
of interest, premiums
or fees and associated costs payable in connection with such extensions, renewals,
refinancings or refunding.

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     In addition to the foregoing, the Company and its Subsidiaries may, without equally and
ratably securing the Securities, incur a Lien to secure Debt or enter into a Sale and Leaseback
Transaction if, after giving effect thereto, the sum of: (i) the amount of all Debt secured by all
Liens incurred on or after the date of this Indenture and otherwise prohibited by this Indenture
and (ii) the Attributable Value of all Sale and Leaseback Transactions entered into on or after the
date of this Indenture and otherwise prohibited by this Indenture does not exceed 15% of
Consolidated Net Tangible Assets.

     Section 4.06. Limitation on Sale and Lease-Back. The Company covenants and agrees that
neither it nor any of its Subsidiaries will enter into any Sale and Leaseback Transaction (except
for a period not exceeding 36 months) unless (a) the Company or such Subsidiary would be entitled
to enter into such Sale and Leaseback Transaction pursuant to the provisions of Section 4.05
without equally and ratably securing the Securities; (b) the Company or a Subsidiary of the Company
applies, within 180 days after the related Sale Transaction, an amount equal to the Net Available
Proceeds of such Sale Transaction to the redemption of Securities or other debt of the Company that
ranks pari passu with the Securities in right of payment; or (iii) the transaction is solely
between the Company and a Wholly Owned Subsidiary or between Wholly Owned Subsidiaries but only for
as long as such Subsidiary or Subsidiaries are Wholly Owned Subsidiaries.

     Section 4.07. Statement by Officers as to Default. The Company will deliver to the Trustee,
within 120 calendar days after the end of each fiscal year of the Company ending after the first
date any series of Securities issued under this Indenture is outstanding, an Officer’s Certificate
stating whether or not to the knowledge of such Person after due inquiry the Company is in default
in the performance and observance of any of the terms, provisions, and conditions of this Indenture
(without regard to any period of grace or requirement of notice provided hereunder) and, if the
Company is in default, specifying all such defaults and the nature and status thereof of which such
Person may have such knowledge. The Company shall deliver to the Trustee, as soon as possible and
in any event within five days after the Company becomes aware of the occurrence of any Event of
Default or Default, an Officers’ Certificate setting forth the details of such Event of Default or
default and the action which the Company proposes to take with respect thereto.

     Section 4.08. Waiver of Certain Covenants. The Company may omit in any particular instance
to comply with any term, provision, or condition set forth in the provisions of any supplemental
indenture specified in such supplemental indenture, with respect to the Securities of any series if
the Holders of a majority in Principal Amount of all outstanding Securities of such series shall,
by act of such Holders in accordance with Section 7.01, either waive such compliance in
such instance or generally waive compliance with such term, provision, or

25

 

condition, but no such waiver will extend to or affect such term, provision or condition except to the extent so
expressly waived, and, until such waiver shall become effective, the obligations of the Company and
the duties of the Trustee in respect of any such term, provision, or condition will remain in full
force and effect.

ARTICLE 5

Remedies of the Trustee and Holders on Event of Default

     Section 5.01. Events of Default. Each of the following events constitutes an “Event of
Default” wherever used herein with respect to Securities of any series:

     (a) default in the payment of the principal of (or premium, if any, on) any Security at its
Maturity; provided that failure by the Company to make such a payment shall not constitute an Event
of Default if the Company makes such payment as required when it becomes due and payable; or

     (b) default in the payment of any interest upon any Security when it becomes due and payable,
and continuance of such default for a period of 30 days; provided that failure by the Company to
make such a payment shall not constitute an Event of Default if the Company makes such payment as
required during such 30-day period; or

     (c) default in the performance, or breach, of any covenant of the Company in this Indenture
(other than a covenant a default in whose performance or whose breach is elsewhere in this Section
5.01 specifically dealt with), and continuance of such default or breach for a period of 90 days
after there has been given, in the manner provided in Section 6.06, to the Company by the
Trustee or to the Company and the Trustee by the Holders of at least 25% in Principal Amount of the
outstanding Securities a written notice specifying such default or breach and requiring it to be
remedied and stating that such notice is a “Notice of Default” hereunder; or

     (d) a default or defaults under any one or more note(s) or other evidence(s) of Debt (other
than the Securities), or any agreement(s) or instrument(s) under which there may be issued or by
which there may be secured or evidenced any Debt (other than the Securities), of the Company or any
of the Subsidiaries, having a principal amount outstanding, individually or in the aggregate of at
least $50,000,000, and whether existing on or created after the date of this Indenture, which
default or defaults, individually or in the aggregate, (i) constitute a failure to pay at least
$50,000,000, of the principal of such Debt when due (unless such default is waived or cured within
30 days after the expiration of any applicable grace period) or (ii) have resulted in
acceleration of any portion of such Debt having an aggregate principal amount equal to or

26

 

exceeding $50,000,000, in each case (i) and (ii) without such overdue or accelerated amount
having been discharged, or such acceleration having been rescinded or annulled, within 30 days
after written notice of such default has been given, in the manner provided in Section 6.06, to the
Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in
Principal Amount of the outstanding Securities specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of Default” hereunder; or

     (e) the entry by a court having jurisdiction in the premises of (i) 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 (ii) 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 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

     (f) 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, sequestration or other 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.

     Section 5.02. Acceleration. (a) If any Event of Default (other than an Event of Default
specified in clause (e) or (f) of Section 5.01 hereof) occurs and is continuing, the Trustee by
written notice to the Company or the Holders of at least 25% in aggregate Principal Amount of the
then outstanding Securities of that series by written notice to the Company and the Trustee, may
declare the unpaid principal of, premium, if any, and any accrued and unpaid interest on all the
Securities of the affected series to be due and payable immediately. Except as set forth above,
upon such declaration the principal of, premium, if any, and interest shall be due and payable
immediately. If an Event of Default specified in clause

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(e) or (f) of Section 5.01 hereof occurs
with respect to the Company the unpaid principal of, premium, if any, and any accrued and unpaid
interest on all the Securities shall ipso facto become and be immediately due and payable without further action
or notice on the part of the Trustee or any Holder.

     (b) At any time after such a declaration of acceleration with respect to the 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 5 provided, the Holders of a majority in Principal
Amount of the outstanding Securities of such series, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences if all Events of Default with
respect to the Securities of that series, other than the non-payment of the principal of the
Securities of that series which have become due solely by such declaration of acceleration, have
been cured or waived as provided in Section 5.04. No such rescission will affect any subsequent
default or impair any right consequent thereon.

     Section 5.03. Other Remedies. If an Event of Default with respect to Securities of any
series occurs and is continuing, the Trustee may pursue any available remedy to collect the payment
of principal of or interest on the Securities of such series or to enforce the performance of any
provision of the Securities of such series or this Indenture.

     The Trustee may maintain a proceeding even if it does not possess any of the Securities of
such series or does not produce any of them in the proceeding and any such proceeding instituted by
the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of
judgment shall, after provision for the payment of the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of
the Holders of the Securities in respect of which such judgment has been recovered. A delay or
omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of
Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event
of Default. All remedies are cumulative to the extent permitted by law.

     Section 5.04. Waiver of Past Defaults. The Holders of not less than a majority in aggregate
Principal Amount of the Securities of any series then outstanding by written notice to the Trustee
may on behalf of the Holders of all of the Securities of such series waive any existing Default or
Event of Default and its consequences under this Indenture except a continuing Default or Event of
Default in the payment of the principal of (and premium, if any) or interest, if any, on any
Security of such series. The Company may, but shall not be obligated to, fix a record date for the
purpose of determining the Persons entitled to waive any past default hereunder. If a record date
is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons,
shall be entitled to waive

28

 

any default hereunder, whether or not such Holders remain Holders after
such record date. Upon any such waiver, such Default shall cease to exist, and any Event of
Default arising therefrom shall be deemed to have been cured for every
purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default
or impair any right consequent thereon.

     Section 5.05. Control by Majority. With respect to the Securities of any series, the
Holders of a majority in aggregate Principal Amount of the then outstanding Securities of that
series may 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 it. However, the Trustee may refuse
to follow any direction that conflicts with law or this Indenture, that the Trustee in good faith
determines may be unduly prejudicial to the rights of other Holders of that series or that may
involve or cause the Trustee any potential liability. The Trustee may take any other action which
it deems proper which is not inconsistent with any such direction.

     Upon receipt by the Trustee of any such direction with respect to the Securities of such
series, a record date shall automatically and without any other action by any Person be set for
determining the Holders of outstanding Securities of such series entitled to join in such
direction, which record date shall be the close of business on the day the Trustee receives such
direction. The Holders of outstanding Securities of such series on such record date (or their duly
appointed agents), and only such Persons, shall be entitled to join in such direction, whether or
not such Holders remain Holders after such record date.

     Section 5.06. Limitation on Suits. A Holder of any Security of any series may pursue a
remedy with respect to this Indenture or the Securities of the applicable series only if:

     (a) the Holder gives to the Trustee written notice of a continuing Event of Default;

     (b) the Holders of at least 25% in aggregate Principal Amount of the then outstanding
Securities of that series make a written request to the Trustee to take action because of the Event
of Default;

     (c) such Holder or Holders provide to the Trustee indemnity satisfactory to the Trustee
against any loss, liability or expense in connection with the pursuance of such remedy;

     (d) during the 60-day period specified in (e) below, the Holders of a majority in aggregate
Principal Amount of the then outstanding Securities of such series do not give the Trustee a
direction inconsistent with the request; and

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     (e) the Trustee does not comply with the request within 60 days after receipt of the notice,
request and the offer of indemnity.

     A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a
preference or priority over another Holder.

     Section 5.07. Rights of Holders to Receive Payment. Notwithstanding any other provision of
this Indenture, the right of any Holder to receive payment of principal of (and premium, if any)
and interest, if any, on any Security, on or after the respective due dates expressed in such
Security, or to bring suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of the Holder.

     Section 5.08. Collection Suit by Trustee. If an Event of Default specified in Section 5.01
hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and
as trustee of an express trust against the Company or any other obligor for the whole amount of
principal (and premium, if any) and interest, if any, remaining unpaid on any Securities of such
series and interest on overdue principal and, to the extent lawful, interest and such further
amount as shall be sufficient to cover amounts due the Trustee under Section 6.07 hereof, including
the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel.

     Section 5.09. Trustee May File Proofs of Claim. The Trustee is authorized to file such
proofs of claim and other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial
proceedings relative to the Company (or any other obligor upon the Securities), its creditors or
its property and shall be entitled and empowered to collect, receive and distribute any money or
other property payable or deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the
event that the Trustee shall consent to the making of such payments directly to the Holders, to pay
to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 6.07 hereof. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 6.07 hereof out of the estate in any such proceeding, shall be denied for any
reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all
distributions, dividends, money, securities and other properties which the Holders may be entitled
to receive in such proceeding whether in liquidation or under any plan of reorganization or
arrangement or otherwise.

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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 of any series 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 5.10. Priorities. If the Trustee collects any money pursuant to this Article, it
shall pay out the money in the following order:

     First: to the Trustee, its agents and attorneys for amounts due under Section 6.07, including
payment of all compensation, expense and liabilities incurred, and all advances made, by the
Trustee and the costs and expenses of collection;

     Second: to Holders for amounts due and unpaid on the Securities of any series for principal
(and premium, if any) and interest, if any, ratably, without preference or priority of any kind,
according to the amounts due and payable on the Securities of such series for principal (and
premium, if any) and interest, if any, respectively; and

     Third: to the Company or to such party as a court of competent jurisdiction shall direct. The
Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section
5.10 upon five Business Days prior notice to the Company.

     Section 5.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy
under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an
undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit,
having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder of Securities
of the affected series pursuant to Section 5.07 hereof, a suit by Holders of more than 10% in
aggregate Principal Amount of the then outstanding Securities of any series in the case of any suit
relating to or arising under clause (a), (b), (c) or (d) of Section 5.01, or a suit by Holders of
more than 10% in aggregate Principal Amount of all of the then outstanding Securities in the case
of any suit relating to or arising under clause (e) or (f) of Section 5.01.

     Section 5.12. 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

31

 

Company, the Trustee and the Holders shall be restored severally and respectively to their
former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders
shall continue as though no such proceeding has been instituted.

     Section 5.13. 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 3.09, 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 5.14. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any
Holder of Securities of any series 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.

ARTICLE 6

Concerning the Trustee

     Section 6.01. Duties and Responsibilities of the Trustee; During Default: Prior to Default.
The Trustee, with respect to the Securities of any series, prior to the occurrence of an Event of
Default with respect to the Securities of such series and after the curing or waiving of all Events
of Default with respect to the Securities of such series which may have occurred, undertakes to
perform such duties and only such duties with respect to such series as are specifically set forth
in this Indenture. In case an Event of Default with respect to the Securities of a series has
occurred (and is continuing which has not been cured or waived) the Trustee shall exercise such of
the rights and powers vested in it by this Indenture with respect to such series, and use the same
degree of care and skill in their exercise, as a prudent person would exercise or use under the
circumstances in the conduct of such person’s own affairs.

     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, provided
that:

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     (a) the duties and obligations of the Trustee shall be determined solely by the express
provisions of this Indenture, and the Trustee shall not be liable except for the performance of
such duties and obligations as are specifically set forth in this Indenture, and no implied
covenants or obligations shall be read into this Indenture against the Trustee;

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

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

     (d) 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 given as provided in Section 5.05
or otherwise exercising any trust or power conferred upon the Trustee, under this Indenture.

     None of the provisions contained in this Indenture shall require the Trustee to expend or risk
its own funds or otherwise incur any potential or actual liability (financial or otherwise) in the
performance of any of its duties or in the exercise of any of its rights or powers, if there shall
be reasonable ground for believing that the repayment of such funds or adequate indemnity against
such liability is not reasonably assured to it. This Section 6.01 is in furtherance of and subject
to Sections 315 and 316 of the Trust Indenture Act.

     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 Article 6.

     Section 6.02. Certain Rights of the Trustee. In furtherance of and subject to the Trust
Indenture Act, and subject to Section 6.01:

     (a) the Trustee may conclusively rely and shall be protected in acting or refraining from
acting upon any resolution, Officers’ Certificate, Opinion of Counsel or any other certificate,
statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note,
coupon, security or other paper or

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document believed by it to be genuine and to have been signed or
presented by the proper party or parties;

     (b) any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be
herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to
the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company;

     (c) the Trustee may consult with counsel of its selection and any advice or Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or
omitted to be taken by it hereunder in good faith and in accordance with such advice or Opinion of
Counsel;

     (d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request, order or direction of any of the Holders of the Securities of
any series pursuant to the provisions of this Indenture, unless such Holders shall have offered and
provided to the Trustee reasonable security or indemnity satisfactory to it against the costs,
expenses and liabilities which might be incurred therein or thereby; but nothing herein contained
shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default
(which has not been cured or waived) with respect to the Securities of any series, to exercise such
of the rights and powers vested in it by this Indenture, and to use the same degree of care and
skill in their exercise, as a prudent person would exercise or use under the circumstances in the
conduct of such person’s own affairs;

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

     (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, consent,
order, approval, appraisal, bond, debenture, note, coupon, security, or other paper or document
unless requested in writing so to do by the Holders of not less than a majority in aggregate
Principal Amount of all the Securities then outstanding; provided that, if the payment within a
reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in
the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require
indemnity satisfactory to it against such expenses or liabilities as a condition to proceeding; the
reasonable expenses of every such examination shall be paid by the Company;

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     (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 not regularly in its employ and the
Trustee shall not be responsible for any misconduct or negligence on the part of any such agent or
attorney appointed with due care by it hereunder;

     (h) the rights, privileges, protections, immunities and benefits given to the Trustee under
this Indenture, including, without limitation, its right to be indemnified, are extended to, and
shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent,
custodian and other Person employed to act hereunder;

     (i) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any
event which is in fact such a default is received by the Trustee at the Corporate Trust Office of
the Trustee, and such notice references the Securities and this Indenture; and

     (j) The Trustee may request that the Company deliver an Officers’ Certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified
actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person
authorized to sign an Officers’ Certificate, including any person specified as so authorized in any
such certificate previously delivered and not superceded.

     (k)
In no event shall the Trustee be responsible or liable for any
failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond
its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruptions, loss
or malfunctions of utilities, communications or computer (software or
hardware) services; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in
the banking industry to resume performance as soon as practicable
under the circumstances.

     (l)
In no event shall the Trustee be responsible or liable for special or consequential loss
or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage
and regardless of the form of action, unless such loss or damage is determined by a court
of competent jurisdiction to have been caused by the Trustee’s own fraud or willful misconduct.

     Section 6.03. Trustee Not Responsible for Recitals, Disposition of Securities or Application
of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s
certificates of authentication, shall be taken as the statements of the Company, and the Trustee
assumes no responsibility for the correctness of the same. The Trustee makes no representation as
to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee
represents, that it is duly authorized to execute and deliver this Indenture, authenticate the
Securities and perform its obligations hereunder and that the statements made by it in a Statement
of Eligibility on Form T-1 supplied to the Company, are true and accurate, subject to the
qualifications set forth therein. The Trustee shall not be liable or accountable in any manner for
the use or application by the Company of any of the Securities or of the proceeds thereof.

     Section 6.04. Trustee and Agents May Hold Securities; Collections, Etc. The Trustee or any
of its affiliates or any agent of the Company or the Trustee, in its individual or any other
capacity, may become the owner or pledgee of Securities, subject to Sections 6.10 and 6.13 with the
same rights it would have if it were not the Trustee or such agent and may otherwise deal with the
Company and receive, collect, hold and retain collections from the Company with the same rights it
would have if it were not the Trustee or such agent.

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     Section 6.05. Moneys Held by Trustee. All moneys received by the Trustee shall, until used
or applied as herein provided, be held in trust for the purposes for which they were received, but
need not be segregated from other funds except to the extent required by mandatory provisions of
law. Neither the Trustee nor any agent of the Company or the Trustee shall be under any liability
for interest on any moneys received by it hereunder, except as otherwise agreed with the Company.

     Section 6.06. Notice of Default. If any Default or any Event of Default occurs and is
continuing with respect to the Securities of any series and if such Default or Event of Default is
actually known to a Responsible Officer of the Trustee, the Trustee shall mail to each Holder of
Securities of such series in the manner and to the extent provided in Trust Indenture Act Section
313(c) notice of the Default or Event of Default (“Notice of Default”) within 90 days after it
occurs, unless such Default or Event of Default has been cured; provided, however, that, except in
the case of a default in the payment of the principal of, or interest or premium, if any, on any
Security of such series, the Trustee shall be protected in withholding such notice if and so long
as the Board of Directors, the executive committee or a trust committee of directors and/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.

     Section 6.07. Compensation and Indemnification of Trustee and Its Prior Claim. The Company
covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to,
such compensation as shall be agreed in writing between the Company and the Trustee (which shall
not be limited by any provision of law in regard to the compensation of a trustee of an express
trust) and the Company covenants and agrees to pay or reimburse the Trustee and each predecessor
Trustee upon its request for all expenses, disbursements and advances incurred or made
by or on behalf of it in accordance with any of the provisions of this Indenture (including the
reasonable compensation and the expenses and disbursements of its counsel and of all agents and
other persons not regularly in its employ) except any such expense,
disbursement or advance as shall have been caused by its own negligence or bad faith. The Company also covenants to indemnify the Trustee and
each predecessor Trustee for, and to hold it harmless against, any and all loss, liability, damage,
claim or expense, including taxes (other than taxes based on the income of the Trustee) incurred
without negligence or bad faith on its part, arising out of or in connection with the acceptance or
administration of this Indenture or the trusts hereunder and its duties hereunder, including
without limitation the costs and expenses of defending itself against or investigating any claim
(whether asserted by the Company, a Holder or any other Person). The obligations of the Company
under this Section to compensate and indemnify the Trustee and each predecessor Trustee and to pay
or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and advances
shall constitute additional indebtedness hereunder and shall survive the

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satisfaction and discharge of this Indenture. Such financial obligations of the Company identified in this
Section shall be a
senior claim to that of the Securities of each series upon all property and funds held or collected
by the Trustee as such, except funds held in trust for the benefit of the holders of particular
Securities, and the Securities of each series are hereby subordinated to such senior claim.

     When the Trustee incurs expenses or renders services in connection with an Event of Default
specified in Section 5.01(e) or Section 5.01(f), the expenses (including the reasonable charges and
expenses of its counsel) and the compensation for the services are intended to constitute expenses
of administration under any applicable Federal or state bankruptcy, insolvency or other similar
law.

     Section 6.08. Right of Trustee to Rely on Officers’ Certificate, Etc. Subject to Sections
6.01 and 6.02, whenever in the administration of the trusts of this Indenture the Trustee shall
deem it necessary or desirable that a matter be proved or established prior to taking or suffering
or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein
specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee,
be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the
Trustee, and such certificate, 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.

     Section 6.09. Persons Eligible for Appointment as Trustee. The Trustee hereunder shall at
all times be a corporation, national association or other appropriate entity having a combined
capital and surplus of at least $100,000,000, and which is eligible in accordance with the
provisions of Section 310(a) of the Trust Indenture Act. If such corporation publishes reports of
condition at least annually, pursuant to law or to the requirements of a Federal, State or District
of Columbia supervising or examining authority, then for the purposes of this Section, the combined
capital and surplus of such corporation shall be deemed to be its combined capital and surplus as
set forth in its most recent report of condition so published.

     Section 6.10. Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee
may at any time resign with respect to the Securities of one or more series by giving written
notice of resignation to the Company and to the Holders of Securities of such series, such notice
to the Holders to be given by mailing (by first class mail) the same within 30 days after such
notice is given to the Company. Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument in duplicate, executed by authority of
the Board of Directors of the Company, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the

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successor Trustee. If no successor Trustee shall have been
so appointed and have accepted appointment within 60 days after the mailing of such notice of
resignation, the resigning trustee may petition, at the expense of the Company, any court of
competent jurisdiction for the appointment of a successor Trustee, or any Securityholder of the
affected series who has been a bona fide holder of a Security or Securities of the affected series
for at least six months may, on behalf of itself and all others similarly situated, petition any
such court for the appointment of a successor Trustee. Such court may thereupon, after such
notice, if any, as it may deem proper and prescribe, appoint a successor Trustee.

     (b) In case at any time any of the following shall occur:

     (i) the Trustee shall fail to comply with the provisions of Section 310(b) of the
Trust Indenture Act, after written request therefor by the Company or by any
Securityholder who has been a bona fide holder of a Security or Securities for at least
six months; or

     (ii) the Trustee shall cease to be eligible in accordance with the provisions of
Section 6.09 and shall fail to resign after written request therefor by the Company or by
any such Securityholder; or

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

     then, in any such case, the Company may remove the Trustee and appoint a successor Trustee by
written instrument, in duplicate, executed by order of the Board of Directors of the Company, one
copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor
Trustee, or, subject to Section 315(e) of the Trust Indenture Act, any Securityholder who has been
a bona fide holder of a Security or Securities for at least six months may on behalf of itself and
all others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor Trustee. Such court may thereupon, after such notice,
if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor Trustee.

     (c) The Holders of a majority in aggregate Principal Amount of the Securities of any series at
the time outstanding may at any time remove the Trustee for that series and appoint a successor
trustee by delivering to the Trustee so removed, to the successor trustee so appointed and to the
Company the evidence provided for in Section 7.01 of the action in that regard taken by the
Securityholders.

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     If no successor Trustee shall have been so appointed and have accepted appointment within 60
days after the mailing of such notice of removal, the Company may appoint a successor Trustee by
written instrument, in duplicate, executed by order of the Board of Directors of the Company, one
copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor
Trustee. If no successor Trustee shall have been so appointed and have accepted appointment within
90 days after the mailing of the initial notice of removal from the Holders of a majority in
aggregate Principal Amount of the Securities of the affected series at the time outstanding, the
Trustee being removed may petition, at the expense of the Company, any court of competent
jurisdiction for the appointment of a successor trustee. Such court may thereupon, after such
notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

     (d) Any resignation or removal of the Trustee and any appointment of a successor trustee
pursuant to any of the provisions of this Section 6.10 shall become effective upon acceptance of
appointment by the successor trustee as provided in Section 6.11.

     (e) 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 as their names and addresses appear in the
Security Register. Each notice shall include the name of the successor Trustee
with respect to the Securities of such series and the address of its Corporate Trust Office.

     Section 6.11. Acceptance of Appointment by Successor. (a) In case of the appointment
hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so
appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an
instrument accepting such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective and such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall,
upon payment of its charges, execute and deliver an instrument transferring to such successor
Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer
and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder.

     (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities
of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee
with respect to the Securities of one or more series shall execute and deliver an indenture
supplemental hereto wherein

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each successor Trustee shall accept such appointment and which (1)
shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to
vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee
with respect to the Securities of that or those series to which the appointment of such successor
Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall
contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring
Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust
or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other
such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein and each such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates; but, on request of the
Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to
such Successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Securities of that or those series to which the appointment of such successor Trustee
relates.

     (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 the Trust Indenture Act.

     Section 6.12. Merger, Conversion, Consolidation or Succession to Business of Trustee. Any
corporation or national association into which the Trustee may be merged or converted or with which
it may be consolidated, or to which the Trustee’s assets may be sold, or any corporation or
national association resulting from any merger, conversion, consolidation or sale to which the
Trustee shall be a party or by which the Trustee’s property may be bound, or any corporation or
national association succeeding to all or substantially all the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder, provided that such entity shall be
eligible under the provisions of

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Section 6.09, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding.

     In case at the time such successor to the Trustee shall succeed to the trusts created by this
Indenture any of the Securities shall have been authenticated but not delivered, any such successor
to the Trustee may adopt the certificate of authentication of any predecessor Trustee and deliver
such Securities so authenticated; and, in case at that time any of the Securities shall not have
been authenticated, any successor to the Trustee may authenticate such Securities either in the
name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases
such certificate shall have the full force that it is anywhere in the Securities or in this
Indenture provided that the certificate of the Trustee shall have; provided, that the right to
adopt the certificate of authentication of any predecessor Trustee or to authenticate Securities in
the name of any predecessor Trustee shall apply only to its successor or successors by merger,
conversion or consolidation.

     Section 6.13. Preferential Collection of Claims. If the Trustee shall be or shall become a
creditor, directly or indirectly, secured or unsecured, of the Company (or any other obligor on the
Securities), the Trustee shall be subject to the provisions of Section 311 of the Trust Indenture
Act regarding the collection of claims against the Company (or any such other obligor). For
purposes of Section 311(b) (4) and (6) of such Act, the following terms shall have the following
meanings:

     (a) “cash transaction” means any transaction in which full payment for goods or securities
sold is made within seven days after delivery of the goods or securities in currency or in checks
or other orders drawn upon banks or bankers and payable upon demand; and

     (b) “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which
is made, drawn, negotiated or incurred by the Company for the purpose of financing the purchase,
processing, manufacturing, shipment, storage or sale of goods, wares or merchandise; and which is
secured by documents evidencing title to, possession of, or a lien upon, the goods, wares or
merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise
previously constituting the security, provided the security is received by the Trustee
simultaneously with the creation of the creditor relationship with the Company arising from the
making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation.

     Section 6.14. Communications with the Trustee. Any and all notices, certificates, opinions
or filings with the Commission required or permitted to be provided by the Company to the Trustee
under this Indenture shall be in writing and shall be personally delivered, sent via an
internationally recognized overnight

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delivery service or sent by facsimile or electronic
transmission to the address or telecopy number of the Corporate Trust Office.

ARTICLE 7

Concerning the Holders

     Section 7.01. Evidence of Action Taken by Holders. Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by Securityholders of any series may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Securityholders in person or by agent duly appointed in
writing and, except as herein otherwise expressly provided, such action shall become effective when
such instrument or instruments are delivered to the Trustee. Proof of execution of any instrument
or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and
(subject to Sections 6.01 and 6.02) conclusive in favor of the Trustee and the Company, if made in
the manner provided in this Article.

     Section 7.02. Proof of Execution of Instruments and of Holding of Securities; Record Date.
Subject to Sections 6.01 and 6.02, the execution of any instrument by a Securityholder or its agent
or proxy may be proved in accordance with such reasonable rules and regulations as may be
prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The holding
of Securities shall be proved by the Security Register or by a certificate of the Registrar
thereof. The Company may set a record date for purposes of determining the identity of Holders of
Securities entitled to vote or consent to any action referred to in Section 7.01, which record date
may be set at any time or from time to time by notice to the Trustee, for any date or dates (in the
case of any adjournment or resolicitation) not more than 90 days nor less than 20 days prior to the
proposed date of such vote or consent, and thereafter, notwithstanding any other provisions
hereof, only Holders of Securities of record on such record date shall be entitled to so vote
or give such consent or to withdraw such vote or consent.

     Section 7.03. Who May Be Deemed Owners of Securities. The Company, the Trustee, any Paying
Agent and any Security Registrar may deem and treat the Person in whose name any Security of any
series shall be registered in the Security Register on the applicable record date as the absolute
owner of such Security (whether or not such Security shall be overdue and notwithstanding any
notation of ownership or other writing thereon) for the purpose of receiving payment of or on
account of the principal of (and premium, if any) and interest, if any, on such Security and for
all other purposes; and neither the Company nor the Trustee nor any Paying Agent nor any Security
Registrar shall be affected by any notice to the contrary. All such payments so made to, or upon
the order of, any

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Holders shall be valid, and, to the extent of the sum or sums so paid, effectual
to satisfy and discharge the liability of moneys payable upon any such Security.

     Section 7.04. Securities Owned by Company Deemed Not Outstanding. In determining whether
the Holders of the requisite aggregate Principal Amount of Securities of any series have concurred
in any direction, consent or waiver under this Indenture, Securities of such series which are owned
by the Company or any other obligor on the Securities of such series or by any Person directly or
indirectly controlling or controlled by or under direct or indirect common control with the Company
or any other obligor on the Securities of such series shall be disregarded and deemed not to be
outstanding for the purpose of any such determination, except that for the purpose of determining
whether the Trustee shall be protected in relying on any such direction, consent or waiver only
Securities which a Responsible Officer of the Trustee actually knows are so owned shall be so
disregarded. Securities so owned which have been pledged in good faith may be regarded as
outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to
act with respect to such Securities and that the pledgee is not the Company or any other obligor
upon the Securities or any Person directly or indirectly controlling or controlled by or under
direct or indirect common control with the Company or any other obligor on the Securities. In case
of a dispute as to such right, the advice of counsel shall be full protection in respect of any
decision made by the Trustee in accordance with such advice. Upon request of the Trustee, the
Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying all
Securities of any series, if any, known by the Company to be owned or held by or for the account of
any of the above-described persons; and, subject to Sections 6.01 and 6.02, the Trustee shall be
entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth
and of the fact that all Securities of such series not listed therein are outstanding for the
purpose of any such determination.

     Section 7.05. Record Date for Action by Securityholders. Whenever in this Indenture it is
provided that Holders of a specified percentage in aggregate Principal Amount of the Securities of
any series may take any action (including
the making of any demand or request, the giving of any direction, notice, consent or waiver or
the taking of any other action), the Company, pursuant to a resolution of its Board of Directors,
or the Holders of at least ten percent in aggregate Principal Amount of the Securities of such
series then outstanding, may request the Trustee to fix a record date for determining
Securityholders entitled to notice of and to take any such action. In case the Company or the
Holders of Securities of such series in the amount above specified shall desire to request
Securityholders of such series to take any action and shall request the Trustee to fix a record
date with respect thereto by written notice setting forth in reasonable detail the Securityholder
action to be requested; the Trustee shall promptly (but in any event within five days of receipt of
such request) fix a record date that shall

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be a Business Day not less than 15 nor more than 20 days
after the date on which the Trustee receives such request. If the Trustee shall fail to fix a
record date as hereinabove provided, then the Company or the Holders of Securities of such series
in the amount above specified may fix the same by mailing written notice thereof (the record date
so fixed to be a Business Day not less than 15 nor more than 20 days after the date on which such
written notice shall be given) to the Trustee. If a record date is fixed according to this Section
7.05, only Persons shown as Securityholders of such series on the registration books for the
Company at the close of business on the record date so fixed shall be entitled to take the
requested action and the taking of such action by the Holders of Securities of such series on the
record date of the required percentage of the aggregate Principal Amount of the Securities shall be
binding on all Securityholders of such series, provided that the taking of the requested action by
the Holders of Securities of such series on the record date of the percentage in aggregate
Principal Amount of the Securities in connection with such action shall have been evidenced to the
Trustee, as provided in Section 7.01, not later than 180 days after such record date.

     Section 7.06. Right of Revocation of Action Taken. At any time prior to (but not after) the
evidencing to the Trustee, as provided in Section 7.01, of the taking of any action by the Holders
of the percentage in aggregate Principal Amount of the Securities of any series specified in this
Indenture in connection with such action, any Holder of a Security the serial number of which is
shown by the evidence to be included among the serial numbers of the Securities of the series the
Holders of which have consented to such action may, by filing written notice at the Corporate Trust
Office and upon proof of holding as provided in this Article, revoke such action so far as concerns
such Security. Except as aforesaid any such action taken by the Holder of any Security shall be
conclusive and binding upon such Holder and upon all future Holders and owners of such Security and
of any Securities issued in exchange or substitution therefor, irrespective of whether or not any
notation in regard thereto is made upon any such Security. Notwithstanding the foregoing, any
action taken by the Holders of the percentage in aggregate Principal Amount of the Securities of
any series specified in this Indenture in connection with such action shall be conclusively binding
upon the Company, the Trustee and the Holders of all the Securities of
such series, including without limitation, any Holder that revoked its consent in accordance
with this Section.

ARTICLE 8

     Section 8.01. [Reserved].

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ARTICLE 9

Amendments, Supplements and Waivers

     Section 9.01. Supplemental Indentures Without Consent of Holders. The Company and the
Trustee may amend or supplement this Indenture or the Securities of any series without the consent
of any Holder:

     (a) to cure any ambiguity, defect or inconsistency; provided such amendment or supplement does
not adversely affect the rights of any Holder;

     (b) to provide for the assumption of the Company’s obligations to the Holders of the
Securities in the case of any transaction pursuant to Article 10 hereof;

     (c) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to the Securities 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;

     (d) to comply with any requirements of the Commission in order to maintain the qualification
of this Indenture under the Trust Indenture Act;

     (e) to make any change that does not adversely affect the rights of any Holder of the
Securities;

     (f) to conform the terms of the Securities or this Indenture to the description thereof
contained in the prospectus pursuant to which such Securities are offered and sold;

     (g) to provide for certificated Securities in addition to uncertificated Securities;

     (h) to provide for the issuance of and establish the form and terms and conditions of
Securities of any series as permitted by this Indenture; or

     (i) to secure the Securities.

     Upon the request of the Company accompanied by a Board Resolution authorizing the execution of
any such supplemental indenture, and upon receipt by the Trustee of the documents described in
Section 9.04 hereof, the Trustee shall join with the Company in the execution of any supplemental
indenture authorized or permitted by the terms of this Indenture and to make any further
appropriate agreements and stipulations which may be therein contained, but the Trustee may, in its
discretion, but shall not be obligated to enter into such supplemental indenture which affects its
own rights, duties or immunities under this Indenture or otherwise.

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     Section 9.02. With Consent of Holders. Except as provided in the next succeeding paragraphs,
this Indenture or the Securities may be amended or supplemented with the consent of the Holders of
at least a majority in aggregate Principal Amount of the Securities then outstanding affected by
such supplemental indenture, and any existing Default or Event of Default or compliance with any
provision of this Indenture or the Securities of any series may be waived with the consent of the
Holders of a majority in aggregate Principal Amount of the then outstanding Securities affected by
such Default, Event of Default or compliance.

     Upon the request of the Company accompanied by Board Resolution authorizing the execution of
any such supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to
the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the
documents described in Section 9.04 hereof, the Trustee shall join with the Company in the
execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may
in its discretion, but shall not be obligated to, enter into such supplemental indenture.

     It shall not be necessary for the consent of the Holders under this Section 9.02 to approve
the particular form of any proposed supplemental indenture, amendment or waiver, but it shall be
sufficient if such consent approves the substance thereof.

     After an amendment, supplement or waiver under this Section becomes effective, the Company
shall mail to the Holders affected thereby a notice briefly describing the amendment, supplement or
waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however,
in any way impair or affect the validity of any such supplemental indenture, amendment or waiver.
Subject to Sections 5.04 and 5.07 hereof, the Holders of a majority in aggregate Principal Amount
of the Securities then outstanding affected may waive compliance in a particular instance by the
Company with any provision of this Indenture or such Securities. Without the consent of each
Holder affected hereby, however, an amendment or waiver may not:

     (a) change the Stated Maturity of, or the principal of or premium or interest on, the
Securities of such series;

     (b) reduce any amounts due on the Securities of such series or payable upon acceleration of
the Maturity of the Securities of such series following an Event of Default;

     (c) adversely affect any right of repayment at the Holder’s option if such option is
applicable to the Securities of such series;

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     (d) change the place (except as otherwise permitted by the terms of this Indenture) or
currency of payment on the Securities of such series;

     (e) modify the Securities of such series to subordinate such Securities to other indebtedness
of the Company;

     (f) reduce the percentage of Principal Amount of Securities the consent of whose Holders is
required to modify or amend this Indenture or the Securities of such series in accordance with the
provisions of this Article 9;

     (g) reduce the percentage of Principal Amount of Securities the consent of whose Holders is
needed to waive compliance with certain provisions of this Indenture in accordance with the
provisions of Section 4.08 or to waive certain Defaults or Events of Defaults in accordance with
the provisions of Section 5.04; or

     (h) modify any of the provisions of this Section 9.02, Section 5.04 or Section 4.08, except to
increase the percentage in Principal Amount of Securities the consent of whose Holders is required
under any such Section 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 (h) will 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
9.02, Section 5.04 and Section 4.08, or the deletion of this proviso, in accordance with the
requirements of Section 6.11.

     Section 9.03. Effect of Supplemental Indenture. Upon the execution of any supplemental
indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified
and amended in accordance therewith and the respective rights, limitations of rights, obligations,
duties and immunities under this Indenture of the Trustee, the Company and the Holders shall
thereafter be determined, exercised and enforced hereunder subject in all respects to such
modifications and amendments, and all the terms and conditions of any such supplemental indenture
shall be and be deemed to be part of the terms and conditions of this Indenture for any and all
purposes.

     Section 9.04. Documents to Be Given to Trustee; Compliance with TIA. The Trustee, subject to
the provisions of Sections 6.01 and 6.02, shall be provided with an Officers’ Certificate and an Opinion of
Counsel as conclusive evidence that any such supplemental indenture complies with the applicable
provisions of this Indenture. Every such supplemental indenture shall comply with the TIA.

     Section 9.05. Notation on Securities in Respect of Supplemental Indentures. Securities
authenticated and delivered after the execution of any supplemental indenture pursuant to the
provisions of this Article may bear a

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notation approved by the Trustee as to form (but not as to substance) as to any matter provided for by such supplemental indenture. If the Company or the
Trustee shall so determine, new Securities of any series so modified as to conform, in the
opinion of the Trustee and the Board of Directors of the Company, to any modification of this
Indenture contained in any such supplemental indenture may be prepared by the Company,
authenticated by the Trustee and delivered in exchange for the Securities of such series then
outstanding.

ARTICLE 10

Consolidation, Merger or Sale of Assets

     Section 10.01. When the Company May Merge, Etc. The Company shall not consolidate with or
merge into any other Person or convey or transfer the properties and assets of the Company and its
Subsidiaries substantially as an entirety to any Person, unless:

     (a) immediately after giving effect to such transaction, no Default or Event of Default shall
have happened and be continuing;

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

     (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel each stating that such consolidation, merger, conveyance or transfer and, if a supplemental
indenture is required in connection with such transaction, such supplemental indenture comply with
this Article and that all conditions precedent herein provided for relating to such transaction
have been complied with; and

     (d) if, as a result of the transaction, the Company’s property or the property of any of its
Subsidiaries would become subject to a Lien, the incurrence of which would not be permitted under
Section 4.05 hereof, the Company or the continuing Person, as the case may be, takes such steps as
are necessary to cause the Securities to be secured equally and ratably with (or prior to) the Debt
secured by such Lien as provided in Section 4.05 hereof.

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     Section 10.02. Successor Corporation Substituted. Upon any consolidation or merger in which
the Company is not the successor corporation, or any sale, assignment, transfer, lease, conveyance
or other disposition of all or substantially all of the assets of the Company and its Subsidiaries
in accordance with Section 10.01 hereof, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, assignment,
transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for
(so that from and after the date of such consolidation, merger, sale, assignment, transfer, lease,
conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall
refer instead to the successor corporation), and may exercise every right and power of, the Company
under this Indenture with the same effect as if such successor Person had been named as the Company
herein.

     In case of any such consolidation, merger, sale or conveyance such changes in phraseology and
form (but not in substance) may be made in the Securities thereafter to be issued as may be
appropriate. Notwithstanding the foregoing, (i) a consolidation or merger by the Company with or
into, or (ii) the sale, assignment, transfer, lease, conveyance or other disposition by the Company
of all or substantially all of the property or assets of the Company and its Subsidiaries to, one
or more of its Subsidiaries shall not relieve the Company from its obligations under this Indenture
and the Securities.

     Section 10.03. Opinion of Counsel to Trustee. The Trustee, subject to the provisions of
Sections 6.01 and 6.02, shall be provided with an Opinion of Counsel as conclusive evidence that any such
consolidation, merger, conveyance, sale, transfer, lease, exchange or other disposition complies
with the applicable provisions of this Indenture.

ARTICLE 11

Redemption of Securities

     Section 11.01. Applicability of Article. Securities of any series which are redeemable
before their Stated Maturity shall be redeemable in accordance with their terms and (except as
otherwise specified as contemplated by Section 3.01 for Securities of any series) in accordance
with this Article.

     Section 11.02. Notice of Redemption; Partial Redemptions. Notice of redemption to the
Holders of Securities of any series to be redeemed as a whole or in part shall be given by mailing
notice of such redemption by first class mail, postage prepaid, at least 30 days and not more than
60 days prior to the date fixed for redemption to such Holders of Securities at their last
addresses as they shall appear upon the registry books. Any notice which is mailed in the manner
herein provided shall be conclusively presumed to have been duly given, whether or not

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the Holder receives the notice. Failure to give notice by mail, or any defect in the notice to the Holder of
any Security designated for redemption as a whole or in part shall not affect the validity of the
proceedings for the redemption of any other Security.

     The notice of redemption to each such Holder shall identify the Securities to be redeemed
(including CUSIP or ISIN numbers) and shall specify the Principal Amount of each Security held by such Holder to be redeemed, the date fixed for
redemption, the redemption price, the place or places of payment, that payment will be made upon
presentation and surrender of such Securities, that interest accrued to the date fixed for
redemption will be paid as specified in said notice and that on and after said date interest
thereon or on the portions thereof to be redeemed will cease to accrue. In case any Security is to
be redeemed in part only the notice of redemption shall state the portion of the Principal Amount
thereof to be redeemed and shall state that on and after the date fixed for redemption, upon
surrender of such Security, a new Security or Securities in Principal Amount equal to the
unredeemed portion thereof will be issued.

     The notice of redemption of Securities of any series to be redeemed at the option of the
Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and
at the expense of the Company.

     No later than 10:00 a.m. on the redemption date specified in the notice of redemption given as
provided in this Section, the Company will deposit with the Trustee or with one or more Paying
Agents (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold in
trust) an amount of money sufficient to redeem on the redemption date all the Securities of a
series so called for redemption at the appropriate redemption price, together with accrued interest
to the date fixed for redemption. The Company will deliver to the
Trustee at least 15 days prior
to the date fixed for the giving of the notice of redemption an Officers’ Certificate stating the aggregate Principal Amount of
Securities of such series to be redeemed.

     If less than all the Securities of a series are to be redeemed, the Trustee shall select,
either pro rata, by lot or in accordance with any method customarily
used by the Trustee or the Depositary, Securities to be
redeemed in whole or in part. Securities may be redeemed in part only in denominations equal to
the minimum authorized denomination for Securities of that series or any integral multiple thereof.
The Trustee shall promptly notify the Company in writing of the Securities selected for redemption
and, in the case of any Securities selected for partial redemption, the Principal Amount thereof to
be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all
provisions relating to the redemption of Securities shall relate, in the case of any Security
redeemed or to be redeemed only in part, to the portion of the Principal Amount of such Security
which has been or is to be redeemed.

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     Section 11.03. Payment of Securities Called for Redemption. If notice of redemption has been
given as above provided, the Securities or portions of Securities specified in such notice shall
become due and payable on the date and at the place stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption, and on and after
said date (unless the Company shall default in the payment of such Securities at the redemption
price, together with interest accrued to said date) interest on the Securities or portions of
Securities so called for redemption shall cease to accrue and, except as provided in Sections 6.05
and 12.06, such Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security under
this Indenture, and the Holders thereof shall have no right in respect of such Securities except
the right to receive the redemption price thereof and unpaid interest to the date fixed for
redemption. On presentation and surrender of such Securities at a Payment Office specified in said
notice, said Securities or the specified portions thereof shall be paid and redeemed by the Company
at the applicable redemption price, together with interest accrued thereon to the date fixed for
redemption; provided that any payment of interest becoming due on the date fixed for redemption
shall be payable to the holders of such Securities registered as such on the relevant Regular
Record Date subject to the terms and provisions of Section 3.05 hereof.

     If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed
for redemption at the rate borne by the Security.

     Upon presentation of any Security redeemed in part only, the Company shall execute and the
Trustee shall authenticate and make available for delivery to or on the order of the Holder
thereof, at the expense of the Company, a new Security or Securities of authorized denominations,
in Principal Amount equal to the unredeemed portion of the Security so presented.

ARTICLE 12

Defeasance and Covenant Defeasance

     Section 12.01. Applicability of the Article; Company’s Option to Effect Defeasance or
Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the inapplicability of
either or both of (a) defeasance of the Securities of a series under Section 12.02 or (b) covenant
defeasance of the Securities of a series under Section 12.03, then the provisions of such Section
or Sections, as the case may be, together with the other provisions of this Article, shall be
applicable to the Securities of such series, and the Company may, at its option, by resolution of
its Board of Directors, at any time, elect to have either Section 12.02 or Section 12.03 applied to
the outstanding Securities of a series upon compliance with the conditions set forth below in this
Article 12.

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     Section 12.02. Full Defeasance and Discharge. Upon the Company’s exercise of the option
provided under Section 12.01 hereof to defease the outstanding Securities of a particular series
under this Section 12.02, the Company shall be deemed to have been discharged from its obligations
with respect to such outstanding Securities on the date the conditions set forth below are
satisfied (hereinafter, “Full Defeasance”). For this purpose, such Full Defeasance means that the
Company shall be deemed to have paid and discharged the entire indebtedness represented by the
outstanding Securities of such series, which shall thereafter be deemed to be “outstanding” only
for the purposes of Section 12.05 hereof and the other Sections of this Indenture referred to in
clauses (i) and (ii) of this Section 12.02, and to have satisfied all its other obligations under such
Securities and this Indenture (and the Trustee, on demand of and at the expense of the Company
shall execute proper instruments acknowledging the same), except for the following provisions which
shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of
outstanding Securities of such series to receive solely from the trust fund described in Section
12.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of
(and premium, if any) and interest, if any, on such Securities when such payments are due, (ii) the
Company’s obligations with respect to such Securities under Sections 3.06, 3.07, 3.08(a), 3.09,
3.11, and 12.05 hereof, (iii) the rights, powers, trusts, duties and immunities of the Trustee
hereunder, including, without limitation, the Trustee’s rights under Section 6.07 hereof, and the
Company’s obligations in connection therewith and with this Article 12. Subject to compliance with
this Article 12, the Company may exercise its option under this Section 12.02 notwithstanding the
prior exercise of its option under Section 12.03 hereof with respect to the Securities of such
series.

     Section 12.03. Covenant Defeasance. Upon the Company’s exercise of the option provided under
Section 12.01 hereof to obtain a covenant defeasance with respect to the outstanding Securities of
a particular series under this Section 12.03, the Company shall be released from its obligations
under the covenants contained in Article 4 and Section 10.01 hereof and the covenants contained in
any supplemental indenture applicable to such series, with respect to the outstanding Securities of
such series on and after the date the conditions set forth below are satisfied (hereinafter,
“Covenant Defeasance’’), and the Securities of such series shall thereafter be deemed not
outstanding for the purposes of any direction, waiver, consent or declaration or act of Holders
(and the consequences of any thereof) in connection with such covenants, but shall continue to be
deemed outstanding for all other purposes hereunder. For this purpose, such Covenant Defeasance
means that, with respect to the outstanding Securities of such series, the Company may omit to
comply with and shall have no liability in respect of any term, condition or limitation set forth
in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein
to any such covenant or by reason of any reference in any such covenant to any other

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provision herein or in any other document and such omission to comply shall not constitute a Default or an
Event of Default under Section 5.01(c) with respect to outstanding Securities of such series, but,
except as specified above, the remainder of this Indenture and of the Securities of such series
shall be unaffected thereby.

     Section 12.04. Conditions to Legal or Covenant Defeasance. The following shall be the
conditions to the application of either Section 12.02 or Section 12.03 hereof to the outstanding
Securities of a particular series:

     (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee
(or another trustee satisfying the requirements of Section 6.10 who shall agree to comply with the
provisions of this Article 12 applicable to it) as trust funds in trust for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such
Securities, (i) an amount in cash (in such currency, currencies or currency unit in which such
Securities and any related coupons are then specified as payable at Stated Maturity), or (ii)
non-callable Government Securities that through the scheduled payment of principal and interest in
respect thereof in accordance with their terms will provide, not later than one day before the due
date of any payment, cash in U.S. Dollars in an amount, or (iii) a combination thereof, in such
amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and
discharge and which shall be applied by the Trustee (or other qualifying trustee) to pay and
discharge the principal of (and premium, if any) and interest, if any, on such outstanding
Securities on the Stated Maturity of such principal or installment of principal, or interest or
premium, if any.

     (b) In the case of an election under Section 12.02 hereof, the Company shall have delivered to
the Trustee an Opinion of Counsel confirming that (i) the Company has received from, or there has
been published by, the Internal Revenue Service a ruling or (ii) since the date hereof, there has
been a change in the applicable Federal income tax law, in either case to the effect that, and
based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Securities
of such series will not recognize income, gain or loss for Federal income tax purposes as a result
of such Full Defeasance and will be subject to Federal income tax on the same amounts, in the same
manner and at the same times as would have been the case if such Full Defeasance had not occurred.

     (c) In the case of an election under Section 12.03 hereof, the Company shall have delivered to
the Trustee an Opinion of Counsel confirming that the Holders of the outstanding Securities of such
series will not recognize income, gain or loss for Federal income tax purposes as a result of such
Covenant Defeasance and will be subject to federal income tax on the same amounts, in the

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same manner and at the same times as would have been the case if such Covenant Defeasance had not
occurred.

     (d) No Default or Event of Default with respect to the Securities of such series shall have
occurred and be continuing on the date of such deposit or, insofar as Section 5.01(e) or Section
5.01(f) hereof is concerned, at any time in the period ending on the 124th day after the date of
such deposit (it being understood that this condition shall not be deemed satisfied until the
expiration of such period).

     (e) Such Full Defeasance or Covenant Defeasance shall not result in a breach or violation of,
or constitute a default under any material agreement or instrument (other than this Indenture) to
which the Company is a party or by which the Company is bound (other than a breach, violation or
default resulting from the borrowing of funds to be applied to such deposit).

     (f) The Company shall have delivered to the Trustee an Officers’ Certificate stating that the
deposit made by the Company pursuant to its election under Section 12.02 or 12.03 hereof was not
made by the Company with the intent of preferring the Holders of the affected Securities over the
other creditors of the Company with the intent of defeating, hindering, delaying or defrauding
creditors of the Company.

     (g) Such Full Defeasance or Covenant Defeasance shall be effected in compliance with any
additional terms, conditions or limitations which may be imposed on the Company in connection
therewith pursuant to Section 3.01.

     (h) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for relating to either the Full
Defeasance under Section 12.02 hereof or the Covenant Defeasance under Section 12.03 hereof (as the
case may be) have been complied with as contemplated by this Section 12.04.

     Section 12.05. Deposited Money and Government Securities to Be Held in Trust; Other
Miscellaneous Provisions. Subject to Section 12.06 hereof, all money and non-callable Government
Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 12.04
hereof in respect of the outstanding Securities of a particular series shall be held in trust and
applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to
the payment, either directly or through any Paying Agent (including the Company acting as Paying
Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to
become due thereon in respect of principal (and premium, if any) and interest, if any, but such
money need not be segregated from other funds except to the extent required by law.

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     The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the cash or non-callable Government Securities deposited pursuant to Section
12.04 hereof or the principal and interest received in respect thereof other than any such tax, fee
or other charge that by law is for the account of the Holders of the outstanding Securities of such
series.

     Anything in this Article 12 to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon the Company’s request any money or non-callable Government
Securities held by it as provided in Section 12.04 hereof with respect to the Securities of any
series which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee (which may be the opinion
delivered under Section 12.04(a) hereof), are in excess of the amount thereof which would then be
required to be deposited to effect an equivalent Full Defeasance or Covenant Defeasance.

     Section 12.06. Repayment to the Company. Any money deposited with the Trustee or any Paying
Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) and interest, if any, on any Security and
remaining unclaimed for two years after such principal, or interest or premium, if any, has become
due and payable shall be paid to the Company on its written 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 The New York Times and The Wall Street Journal (national edition), 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 notification or publication, any unclaimed balance of such money
then remaining will be repaid to the Company.

     Section 12.07. Reinstatement. If the Trustee or Paying Agent is unable to apply any U.S.
Dollars or non-callable Government Securities in accordance with Section 12.02 or 12.03 hereof, as
the case may be, by reason of any order or judgment of any court or governmental authority
enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations
under this Indenture and the Securities shall be revived and reinstated as though no deposit had
occurred pursuant to Section 12.02 or 12.03 hereof until such time as the Trustee or Paying Agent
is permitted to apply all such money in accordance with Section 12.05 or 12.06 hereof, as the case
may be; provided, however, that, if the Company makes any payment of principal of, or interest or
premium, if any, on any Security following the reinstatement of its obligations, the Company shall
be

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subrogated to the rights of the Holders of such Security to receive such payment from the money
held by the Trustee or Paying Agent.

ARTICLE 13

Satisfaction and Discharge

     Section 13.01. Satisfaction and Discharge of Indenture. This Indenture shall upon a Company
Request cease to be of further effect with respect to any series of Securities (except, as to any
surviving rights of registration of transfer, exchange or conversion of Securities of such series
herein expressly provided for or in the form of Security for such series and any rights to receive
payment of interest thereon), and the Trustee, on demand of and at the expense of the Company,
shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when:

     (a) either

     (i) all Securities of such series theretofore authenticated and delivered (other than
(A) Securities which have been destroyed, lost or stolen and which have been replaced or
paid as provided in Section 3.09, and (B) Securities for whose payment money has theretofore been (x) deposited in
trust or segregated and held in trust by the Company and thereafter repaid to the Company
or discharged from such trust, as provided in Section 4.03(c) or (y) paid to any State or
the District of Columbia pursuant to its unclaimed property or similar laws) have been
delivered to the Trustee for cancellation; or

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

     (A) have become due and payable, or

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

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

     and the Company, in, the case of (A), (B) or (C) above, has deposited or
caused to be deposited with the Trustee, as trust funds in trust for the
purpose, money in the amount in the currency or currency units in which the
Securities of such series are payable, sufficient to pay and discharge the
entire

56

 

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 which have become due and
payable), or to the Stated Maturity or redemption date, as the case may be;

     (b) the Company has paid or caused to be paid all other sums payable hereunder with respect to
such Securities; and

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

     Notwithstanding the satisfaction and discharge of this Indenture the obligations of the
Company to the Trustee under Section 6.07 and, if money shall have been deposited with the Trustee
pursuant to subclause (ii) of Clause (a) of this Section, the obligations of the Trustee under
Section 13.02 and the last paragraph of Section 4.03 shall
survive such satisfaction and discharge.

     Section 13.02. Application of Trust Money. Subject to the provisions of the last paragraph
of Section 4.03, all money deposited with the Trustee pursuant to Section 13.01 shall be held in trust and applied by it, in accordance with the provisions
of the Securities and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent), as the Trustee may determine, to the
Persons entitled thereto, of the principal (and premium, if any) and interest, if any, for whose
payment such money has been deposited with the Trustee.

ARTICLE 14

Holders’ Lists and Reports by Trustee and Company

     Section 14.01. 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 15 days after the Regular Record Date for each series of
Securities, a list, in such form as the Trustee may reasonably require, of the names and addresses
of the Holders of Securities as of such Regular Record Date (unless the Trustee has such
information), or if there is no Regular Record Date for interest for such series of Securities,
semi-annually, upon such dates as are set forth in the Board Resolution or indenture supplemental
hereto authorizing such series, and

     (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

57

 

and content as of a date not more than 15 days prior to the time such list is furnished;

     provided, however, that so long as the Trustee is the Registrar, no such list shall be
required to be furnished.

     Section 14.02. Preservation of Information; Communications to Holders. (a) The Trustee shall preserve, in as current form as is reasonably practicable, the
names and addresses of Holders contained in the most recent list furnished to the Trustee as
provided in Section 14.01 and the names and addresses of Holders received by the Trustee in its
capacity as the Registrar. The Trustee may destroy any list furnished to it as provided in Section
14.01 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 which such applicants propose to transmit, then the Trustee shall, within five
Business Days after the receipt of such application, at its election, either

     (i) afford such applicants access to the information preserved at the time by the
Trustee in accordance with Section 14.02(a); or

     (ii) inform such applicants as to the approximate number of Holders whose names and
addresses appear in the information preserved at the time by the Trustee in accordance
with Section 14.02(a), and as to the approximate cost of mailing to such Holders the form
of proxy or other communication, if any, specified in such application.

     If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon the written request of such applicants, mail to each Holder whose name and
address appears in the information preserved at the time by the Trustee in accordance with Section
14.02(a) a copy of the form of proxy or other communication which is specified in such request,
with reasonable promptness after a tender to the Trustee of the material to be mailed and of
payment, or provision for the payment, of the reasonable expenses of mailing, unless within five
days after such tender the Trustee shall mail to such applicants and file with the Commission,
together with a copy of the material to be mailed, a written statement to the effect that, in the
opinion of the Trustee, such mailing would be contrary to the best interest of the Holders or would
be in violation of applicable law. Such written statement shall specify the basis of such opinion.
If

58

 

the Commission, after opportunity for a hearing upon the objections specified in the written
statement so filed, shall enter an order refusing to sustain any of such objections or if, after
the entry of an order sustaining one or more of such objections, the Commission shall find, after
notice and opportunity for hearing, that all objections so sustained have been met and shall enter
an order so declaring; the Trustee shall mail copies of such material to all such Holders with
reasonable promptness after the entry of such order and the renewal of such tender; otherwise the
Trustee shall be relieved of any obligation or duty to such applicants respecting their
application.

     (c) Every Holder of Securities, by receiving and holding the same, agrees with the Company and
the Trustee that neither the Company nor the Trustee nor any 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 14.02(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 14.02(b).

     Section 14.03. Reports by the Trustee. (a) The Trustee shall transmit to Holders such
reports concerning the Trustee and its actions under this Indenture as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by
Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days after each May 15th
following the date of this Indenture (commencing May 15, 2008) deliver to Holders a brief report,
dated as of such May 15th, which complies with the provisions of such Section 313(a).

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

     Section 14.04. Reports by the Company. The Company shall file with the Trustee, within 15
days after it files such annual and quarterly reports, information, documents and other reports
with the Commission, copies of its annual report and of the information, documents and other
reports (or copies of such portions of any of the foregoing the Commission may by rules and
regulations prescribe) which the Company is required to file with the Commission pursuant to
Section 13 or 15(d) of the Exchange Act; provided that any such annual and quarterly reports,
information, documents and other reports and information filed with the Commission may be provided
by the Company to the Trustee electronically. The Company shall comply with the other provisions
of TIA Section 314(a). Delivery of such information, documents and reports to the Trustee is for
informational purposes only and the Trustee’s receipt of such shall

59

 

not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officers’ Certificates). At any time when the Company is not
subject to Section 13 or 15(d) of the Exchange Act, upon request of Holders and prospective
purchasers of Securities thereof, the Company shall file with the Trustee and the Commission, in
accordance with rules and regulations prescribed from time to time by the Commission, such of the
supplementary and periodic information, documents and reports which may be required pursuant to
Section 13 of the Exchange Act in respect of a security listed and registered on a national
securities exchange as may be prescribed from time to time in such rules and regulations.

ARTICLE 15

Miscellaneous Provisions

     Section 15.01. Incorporators, Stockholders, Officers and Directors of Company Exempt from
Individual Liability. No recourse under or upon any obligation, covenant or agreement contained in
this Indenture, or in any Security of any series, or because of any indebtedness evidenced thereby,
shall be had against any incorporator, as such or against any past, present or future stockholder,
officer or director, as such, of the Company or of any successor, either directly or through the
Company or any successor, under any rule of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such
liability being expressly waived and released by the acceptance of the Securities of such series by
the Holders thereof and as part of the consideration for the issue of the Securities of such
series.

     Section 15.02. Provisions of Indenture for the Sole Benefit of Parties and Holders. Except
as set forth in Section 15.09, nothing in this Indenture or in the Securities of any series,
expressed or implied, shall give or be construed to give to any Person, other than the parties
hereto and their successors and the Holders of the Securities of such series, any legal or
equitable right, remedy or claim under this Indenture or under any covenant or provision herein
contained, all such covenants and provisions being for the sole benefit of the parties hereto and
their successors and of the Holders of the Securities.

     Section 15.03. Successors and Assigns of Company Bound by Indenture. All the covenants,
stipulations, promises and agreements in this Indenture contained by or in behalf of the Company
shall bind its successors and assigns, whether so expressed or not.

     Section 15.04. Notices to Holders. Where this Indenture provides for notice to Holders, such
notice shall be sufficiently given (unless otherwise herein

60

 

expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder entitled thereto, at its last address as it
appears in the Security Register. 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. 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. The Trustee may waive notice to it of any provision herein, and such waiver shall be
deemed to be for its convenience and discretion. 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 or irregularities in regular mail service, it shall be
impracticable to mail notice to the Company and Securityholders when such notice is required to be
given pursuant to any provision of this Indenture, then any manner of giving such notice as shall
be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice.

     Section 15.05. Officers, Certificates and Opinions of Counsel; Statements to Be Contained
Therein. Upon any application or demand by the Company to the Trustee to take any action under any
of the provisions of this Indenture, the Company shall furnish to the Trustee an Officers’
Certificate stating that all conditions precedent 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 have been complied with, except that in the case of any
such application or demand as to which the furnishing of such documents is specifically required by
any provision of this Indenture relating to such particular application or demand, no additional
certificate or opinion need be furnished.

     Each certificate or opinion provided for in this Indenture and delivered to the Trustee with
respect to compliance with a condition or covenant provided for in this Indenture shall include (a)
a statement that the person making such certificate or opinion has read such covenant or condition,
(b) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based, (c) a statement that, in
the opinion of such person, 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 (d) a statement as to whether or not, in the opinion of such person, such
condition or covenant has been complied with.

     Any certificate, statement or opinion of an officer of the Company may be based, insofar as it
relates to legal matters, upon a certificate or opinion of or

61

 

representations by counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters
upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the
exercise of reasonable care should know that the same are erroneous. Any certificate, statement or
Opinion of Counsel may be based, insofar as it relates to factual matters or information which is
in the possession of the Company, upon the certificate, statement or opinion of or representations
by an officer or officers of the Company unless such counsel knows that the certificate, statement
or opinion or representations with respect to the matters upon which his certificate, statement or
opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know
that the same are erroneous.

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

     Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is independent within the meaning of the
Securities Act and the rules and regulations promulgated thereunder.

     Section 15.06. Payments Due on Saturdays, Sundays and Holidays. If the date of Maturity of
interest on or principal of the Securities of a particular series or the date fixed for redemption
of any Security shall not be a Business Day, then payment of interest or principal with respect to
such Securities need not be made on such date, but may be made on the next succeeding Business Day
with the same force and effect as if made on the date of Maturity or the date fixed for redemption,
and no interest shall accrue for the period after such date.

     Section 15.07. Conflict of Any Provision of Indenture with Trust Indenture Act. If and to
the extent that any provision of this Indenture limits, qualifies or conflicts with another
provision included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust
Indenture Act (an “incorporated provision”), such incorporated provision shall control.

     Section 15.08. New York Law to Govern. This Indenture and the Securities of any series shall
each be deemed to be a contract under the laws of the State of New York, and for all purposes shall
be construed in accordance with the laws of said State.

62

 

     Section 15.09. Third Party Beneficiaries. Holders of Securities of the Company are third
party beneficiaries of this Indenture, and any of them (or their representative) shall have the
right to enforce the provisions of this Indenture that benefit such Holders.

     Section 15.10. Counterparts. This Indenture may be executed in any number of counterparts,
each of which shall be an original; but such counterparts shall together constitute but one and the
same instrument.

     Section 15.11. Effect of Headings. The Article and Section headings herein and the Table of
Contents are for convenience only and shall not affect the construction hereof.

     Section 15.12. Severability. If any provision hereof shall be held to be invalid, illegal or
unenforceable under applicable law, then the remaining provisions hereof shall be construed as
though such invalid, illegal or unenforceable provision were not contained herein.

     Section 15.13. Patriot Act Compliance. The parties hereto acknowledge that in accordance
with Section 326 of the USA Patriot Act the Trustee, like all financial institutions, is required
to obtain, verify, and record information that identifies each person or legal entity that
establishes a relationship or opens account with The Bank of New York Trust Company, N.A. The
parties to this Indenture agree that they will provide the Trustee with such information as it may
request in order for the Trustee to satisfy the requirements of the USA Patriot Act.

63

 

SIGNATURES

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, all as
of May 22, 2008.

	 	 	 	 	 
	 	LEXMARK INTERNATIONAL, INC., as Company

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:EX-4.2

Exhibit 4.2

LEXMARK INTERNATIONAL, INC., as Company

and

The Bank of New York Trust Company, N.A.,

as Trustee

Form
of First Supplemental Indenture

Dated as of May 22, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE 1
	 	 	 	 
	Definitions
	 	 	 	 
	 
	 	 	 	 
	Section 1.01. Certain Terms Defined in the Indenture
	 	 	3	 
	Section 1.02. Definitions
	 	 	3	 
	 
	 	 	 	 
	ARTICLE 2
	 	 	 	 
	Form and Terms of the Notes
	 	 	 	 
	 
	 	 	 	 
	Section 2.01. Form and Dating
	 	 	6	 
	Section 2.02. Terms of the Notes
	 	 	8	 
	Section 2.03. Optional Redemption
	 	 	11	 
	Section 2.04. Repurchase of Notes upon a Change of Control
	 	 	12	 
	 
	 	 	 	 
	ARTICLE 3
	 	 	 	 
	Miscellaneous
	 	 	 	 
	 
	 	 	 	 
	Section 3.01. Trust Indenture Act Controls
	 	 	13	 
	Section 3.02. New York Law to Govern
	 	 	13	 
	Section 3.03. Counterparts
	 	 	14	 
	Section 3.04. Severability
	 	 	14	 
	Section 3.05. Ratification
	 	 	14	 
	Section 3.06. Effectiveness
	 	 	14	 
	Section 3.07. Trustee Makes No Representation
	 	 	14	 
	 
	 	 	 	 
	EXHIBIT A – Form of 5.900% Senior Note due 2013
	 	 	A-1	 
	EXHIBIT B – Form of 6.650% Senior Note due 2018
	 	 	B-1	 

 

 

FIRST SUPPLEMENTAL INDENTURE

     SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of May 22, 2008,
between Lexmark International, Inc., a Delaware corporation (the “Company”), and The Bank of New
York Trust Company, N.A., as Trustee (the “Trustee”).

RECITALS OF THE COMPANY

     WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of May 22,
2008 (the “Indenture”), to provide for the issuance by the Company from time to time of Securities
to be issued in one or mores series as provided in the Indenture;

     WHEREAS, the issuance and sale of $350,000,000 aggregate Principal Amount of a new series of
the Securities of the Company designated as its 5.900% Senior Notes due June 1, 2013 (the “Notes
due 2013”) and $300,000,000 aggregate Principal Amount of a new series of the Securities of the
Company designated as its 6.650% Senior Notes due June 1, 2018 (the “Notes due 2018”, and together
with the Notes due 2013, the “Notes”) have been authorized by resolutions adopted by a special
committee of the Board of Directors of the Company;

     WHEREAS, the Company desires to issue and sell $650,000,000 aggregate Principal Amount of the
Notes as of the date hereof;

     WHEREAS, Sections 3.01 and 9.01 of the Indenture provide that the Company, when authorized by
a Board Resolution, and the Trustee may amend or supplement the Indenture to provide for the
issuance of and to establish the form or terms and conditions of Securities of any series as
permitted by the Indenture;

     WHEREAS, the Company desires to establish the form, terms and conditions of the Notes;

      WHEREAS, the Company
has delivered to the Trustee an Opinion of Counsel and an Officer’s Certificate pursuant to
Section 9.04 of the Indenture to the effect that the execution and delivery of the First
Supplemental Indenture is authorized or permitted under the Indenture and that all
conditions precedent provided for in the Indenture to the execution and delivery of this First Supplemental
Indenture to be complied with by the Company have been complied with;

      WHEREAS, the Company has requested that the Trustee execute and deliver this First Supplemental Indenture; and 

     WHEREAS, all things necessary to make this First Supplemental Indenture a valid and legally
binding supplement to the Indenture according to its terms and the terms of the Indenture have been
done;

     NOW, THEREFORE:

     In consideration of the premises stated herein and the purchase of the Notes by the Holders
thereof, the Company and the Trustee mutually covenant and agree for the equal and proportionate
benefit of the respective Holders from time to time of the Notes as follows:

2

 

ARTICLE 1

Definitions

     Section 1.01. Certain Terms Defined in the Indenture. For purposes of this First
Supplemental Indenture, all capitalized terms used but not defined herein shall have the meanings
ascribed to such terms in the Indenture, as amended hereby.

     Section 1.02. Definitions. For the benefit of the Holders of the Notes, Section 1.1 of the
Indenture shall be amended by adding the following new definitions:

     “Authorized Officer” means any of the Chairman of the Board, a Vice Chairman of the Board, the
President, the Chief Executive Officer, any Vice President, the Chief Financial Officer, the
Treasurer, Assistant Treasurer, the Controller, Assistant Controller, the Secretary or an Assistant
Secretary, in each case, of the Company.

     “Change of Control” means the occurrence of any of the following: (1) the consummation of any
transaction (including, without limitation, any merger or consolidation) the result of which is
that any “person” (as that term is used in Section 13(d) of the Exchange Act) (other than the
Company or one of its Subsidiaries) becomes the beneficial owner (as defined in Rules 13d-3 and
13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Voting Stock of the
Company or other Voting Stock into which the Voting Stock of the Company is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of shares; (2) the
direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the
assets of the Company and the assets of its Subsidiaries, taken as a whole, to one or more
“persons” (as that term is used in Section 13(d) of the Exchange Act) (other than to the Company or
one of its Subsidiaries); (3) the Company consolidates with, or merges with or into, any “person”
(as that term is used in Section 13(d) of the Exchange Act), or any such person consolidates with,
or merges with or into, the Company, in either case, pursuant to a transaction in which any of the
Company s outstanding Voting Stock or the Voting Stock of such other person is converted into or
exchanged for cash, securities or other property, other than pursuant to a transaction in which
shares of the Company s Voting Stock outstanding immediately prior to the transaction constitute,
or are converted into or exchanged for, a majority of the Voting Stock of the surviving person
immediately after giving effect to such transaction; (4) the adoption of a plan relating to the
Company s liquidation or dissolution; or (5) the first day on which a majority of the members of
the Board of Directors of the Company are not Continuing Directors.

     “Change of Control Triggering Event” means the occurrence of both a Change of Control and a
Rating Event.

3

 

     “Comparable Treasury Issue” means the United States Treasury security or securities selected
by an Independent Investment Banker as having an actual or interpolated maturity comparable to the
remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of
a comparable maturity to the remaining term of such Notes.

     “Comparable Treasury Price” means, with respect to any Redemption Date, (A) the arithmetic
average of the four Reference Treasury Dealer Quotations for such Redemption Date, after excluding
the highest and lowest such Reference Treasury Dealer Quotations, or (B) if the Trustee obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all quotations for such
Redemption Date.

     “Continuing Director” means, as of any date of determination, any member of the Company’s
Board of Directors who (1) was a member of such Board of Directors on the date the Notes were
issued, (2) was nominated for election to such Board of Directors with the approval of a committee
of the Board of Directors consisting of a majority of independent Continuing Directors or (3) was
nominated for election, elected or appointed to such Board of Directors with the approval of a
majority of the Continuing Directors who were members of such Board of Directors at the time of
such nomination, election or appointment (either by a specific vote or by approval of the Company’s
proxy statement in which such member was named as a nominee for election as a director, without
objection to such nomination).

     “Global Note” means, individually and collectively, each of the Notes in the form of Global
Securities issued to the Depositary or its nominee, substantially in the form of Exhibits A and B.

     “Independent
Investment Banker” means one of the Reference Treasury
Dealers appointed by the Trustee after consultation with the Company; provided, however, that if such Reference Treasury
Dealer ceases to be a Primary Treasury Dealer, the Company will substitute another Primary Treasury
Dealer.

     “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by
Moody’s and BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from
any additional rating agency or Rating Agencies selected by the Company.

     “Moody’s” means Moody’s Investors Service, Inc. or any successor thereto.

     “Rating Agencies” means (1) each of Moody’s and S&P, and (2) if any of Moody’s and S&P ceases
to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of
the control of the Company, a “nationally recognized statistical rating organization” within the
meaning of Rule 15c3-

4

 

1(c)(2)(vi)(F) under the Exchange Act selected by the Company (as certified by a resolution of
the Board of Directors of the Company) and which is reasonably acceptable to the Trustee as a
replacement agency for Moody’s or S&P or both of them, as the case may be.

     “Rating Event” means (1) the rating on the Notes due 2013 is lowered independently by each of
the Rating Agencies and the Notes due 2013 are rated below an Investment Grade Rating by each of
the Rating Agencies or (2) the rating on the Notes due 2018 is lowered independently by each of the
Rating Agencies and the Notes due 2018 are rated below Investment Grade Rating by each of the
Rating Agencies, in either case, on any day during the period commencing on the earlier of the date
of the first public notice of the occurrence of a Change of Control or the Company’s intention to
effect a Change of Control and ending 60 days following consummation of such Change of Control
(which period will be extended so long as the rating of the Notes of the applicable series is under
publicly announced consideration for a possible downgrade by any of the Rating Agencies).

     “Redemption Date” when used with respect to the Notes of any series to be redeemed, means the
date fixed for such redemption pursuant to the Indenture or this First Supplemental Indenture.

     “Reference Treasury Dealer” means any of J.P. Morgan Securities Inc., or Citigroup Global
Markets Inc. and their affiliates, which are primary U.S. Government securities dealers in The City
of New York, and their respective successors plus two other primary U.S. Government securities
dealers in The City of New York selected by the Company; provided, however, that if any of the
foregoing or their affiliates shall cease to be a primary U.S. Government securities dealer in The
City of New York (a “Primary Treasury Dealer”), the Company will substitute therefor another
Primary Treasury Dealer.

     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the arithmetic average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its Principal
Amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m. New York
time on the third Business Day preceding such Redemption Date.

     “S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc.,
or any successor thereto.

     “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its Principal Amount) equal to the Comparable Treasury Price for such Redemption Date.

5

 

     “Voting Stock” means, with respect to any specified “person” (as that term is used in Section
13(d) of the Exchange Act) as of any date, the capital stock of such person that is at the time
entitled to vote generally in the election of the Board of Directors of such person.

ARTICLE 2

Form and Terms of the Notes

     Section 2.01. Form and Dating. The Notes due 2013 and the Trustee’s certificate of
authentication shall be substantially in the form of Exhibit A attached hereto. The Notes
due 2018 and the Trustee’s certificate of authentication shall be substantially in the form of
Exhibit B attached hereto. The Notes shall be executed on behalf of the Company by an
Authorized Officer of the Company. The Notes may have notations, legends or endorsements required
by law, stock exchange rules or usage. Each Note shall be dated the date of its authentication. The
Notes and any beneficial interest in the Notes shall be in minimum denominations of $2,000 and
integral multiples of $1,000 in excess thereof.

     The terms and notations contained in the Notes shall constitute, and are hereby expressly
made, a part of the Indenture as supplemented by this First Supplemental Indenture and the Company
and the Trustee, by their execution and delivery of this First Supplemental Indenture, expressly
agree to such terms and provisions and to be bound thereby.

     (a) Global Note. The Notes of each series designated herein shall be issued initially in the
form of one or more fully registered Global Securities, which shall be deposited on behalf of the
purchasers of the Notes represented thereby with The Depository Trust Company, New York, New York
(the “Depositary”) and registered in the name of Cede & Co., the Depositary’s nominee, duly
executed on behalf of the Company by an Authorized Officer, authenticated by the Trustee and with
guarantees endorsed thereon as hereinafter provided. The aggregate Principal Amount of outstanding
Notes of each series may from time to time be increased or decreased by adjustments made with
respect to the applicable series on the records of the Trustee and the Depositary or its nominee as
hereinafter provided.

     The Global Note for each series may not be transferred except by the Depositary, in whole and
not in part, to another nominee of the Depositary or to a successor of the Depositary or its
nominee. If at any time the Depositary for the Notes notifies the Company that the Depositary is
unwilling to continue as Depositary for the Global Note or ceases to be a clearing agency, or if
the Company so elects or if there is an Event of Default under the Notes, then the Company shall
execute, and the Trustee shall, upon receipt of a Company Order for authentication, authenticate
and deliver, Physical Securities in an aggregate

6

 

Principal Amount equal to the Principal Amount of the Global Note for the applicable series in
exchange for such Global Note, which the Depositary will distribute to its participants.

     (b) Book-Entry Provisions. This Section 2.01(b) shall apply only to the Global Note deposited
with or on behalf of the Depositary.

     The Company shall execute and the Trustee shall, in accordance with this Section 2.01(b),
authenticate and deliver each Global Note that shall be registered in the name of the Depositary or
the nominee of the Depositary and shall be delivered by the Trustee to the Depositary or pursuant
to the Depositary s instructions.

     Agent Members shall have no rights either under the Indenture or with respect to any Global
Note held on their behalf by the Depositary or under any Global Note. The Depositary shall be
treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute
owner of such Global Note for all purposes under the Indenture. Notwithstanding the foregoing,
nothing herein shall prevent the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the Depositary or impair, as between the
Depositary and the Depository Participants, the operation of customary practices of such Depositary
governing the exercise of the rights of an owner of a beneficial interest in the Global Note.

     (c) Definitive Notes. Notes issued in certificated form shall be substantially in the form of
Exhibit A or Exhibit B, as applicable, attached hereto, but without including the text referred to
therein as applying only to a Global Note. Except as provided above in subsection (a), owners of
beneficial interests in the Global Note will not be entitled to receive physical delivery of
certificated Notes.

     (d) Transfer and Exchange of the Notes. The transfer and exchange of beneficial interests in
the Global Note of any series shall be effected through the Depositary, in accordance with the
Indenture and the procedures of the Depositary therefor. Beneficial interests in the Global Note of
any series may be transferred to Persons who take delivery thereof in the form of a beneficial
interest in such Global Note.

     (e) Paying Agent. The Company appoints the Trustee as the initial agent of the Company for the
payment of the principal of (and premium, if any) and interest on the Notes and the Corporate Trust
Office of the Trustee be and hereby is,
designated as the office or agency where the Notes may be presented for payment and where notices
to or demands upon the Company in respect of the Notes and the Indenture pursuant to which the
Notes are to be issued may be served.

7

 

     Section 2.02. Terms of the Notes. The following terms relating to the Notes are hereby
established:

     (a) Title. The Notes due 2013 shall constitute a series of Securities having the title “5.900%
Senior Notes due 2013” and the Notes due 2018 shall constitute a separate series of Securities
having the title “6.650% Senior Notes due 2018”.

     (b) Principal Amount. The aggregate Principal Amount of the Notes due 2013 that may be
initially authenticated and delivered under the Indenture (except for Notes due 2013 authenticated
and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes due
2013 pursuant to Sections 3.07, 3.09, 3.11, 9.05 or 11.02 of the Indenture) shall be $350,000,000.
The aggregate Principal Amount of the Notes due 2018 that may be initially authenticated and
delivered under the Indenture (except for Notes due 2018 authenticated and delivered upon
registration of, transfer of, or in exchange for, or in lieu of, other Notes due 2018 pursuant to
Sections 3.07, 3.09, 3.11, 9.05 or 11.02 of the Indenture) shall be $300,000,000. The Company may
from time to time, without the consent of the Holders of Notes of either series, issue additional
Notes (in any such case “Additional Notes”) of either series having the same ranking and the same
interest rate, maturity and other terms as the Notes of that series. Any Additional Notes of a
series and the existing Notes of that series will constitute a single series under the Indenture
and all references to the relevant Notes shall include the Additional Notes unless the context
otherwise requires.

     (c) Maturity Date. The entire outstanding principal of the Notes due 2013 shall be payable on
June 1, 2013 and the entire outstanding principal of the Notes due 2018 shall be payable on June 1,
2018.

     (d) Interest Rate.

          (i) The rate at which the Notes due 2013 shall bear interest shall be 5.900% per annum and the
rate at which the Notes due 2018 shall bear interest shall be 6.650% per annum, in each case,
subject to Section 2.02(d)(ii); the date from which interest shall accrue on the Notes shall be May
22, 2008, or the most recent Interest Payment Date to which interest has been paid or provided for;
the Interest Payment Dates for the Notes shall be June 1 and December 1 of each year, beginning
December 1, 2008; the interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date, will be paid, in immediately available funds, to the Persons in whose names
the Notes (or one or more predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be May 15 or November 15, as the case may be,
next preceding such Interest Payment Date. Any such interest not punctually paid or duly provided
for shall forthwith cease to be payable to the respective Holders on such Regular Record Date, and
such defaulted interest, may be paid to the Persons in whose names the Notes (or one or more
predecessor Securities) is registered at the close of business on a special record date for the

8

 

payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given
to Holders of Notes not less than 15 days prior to such special record date, or may be paid at any
time in any other lawful manner not inconsistent with the requirements of any securities exchange
on which the Notes may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in the Indenture. Payment of principal and interest on this Note will be made
at the Corporate Trust Office of the Trustee or such other office or agency of the Company as may
be designated for such purpose, in such coin or currency of the United States of America as at the
time of payment is legal tender for payment of public and private debts; provided, however, that
each installment of interest and principal on this Notes may at the Company’s option with written notice to the Trustee  be paid in
immediately available funds by transfer to an account maintained by the payee located in the United
States, provided such payee has given written wire transfer instructions to the Company.

          (ii) The interest rate payable on the Notes of each series will be subject to adjustments from
time to time if either Moody’s or S&P downgrades (or subsequently upgrades) the debt rating
assigned to the Notes, in the manner described below.

     If the rating from Moody’s of the Notes of a series is decreased to a rating set forth in the
immediately following table, the interest rate on the Notes of such series will increase from the
interest rate payable on the Notes on the date of their issuance by the percentage set forth
opposite that rating:

	 	 	 	 	 
	Rating	 	Percentage
	Ba1
	 	 	0.25	%
	 
	 	 	 	 
	Ba2
	 	 	0.50	%
	 
	 	 	 	 
	Ba3
	 	 	0.75	%
	 
	 	 	 	 
	B1 or below
	 	 	1.00	%

     If the rating from S&P of the Notes of a series is decreased to a rating set forth in the
immediately following table, the interest rate on the Notes of such series will increase from the
interest rate payable on the Notes of such series on the date of their issuance by the percentage
set forth opposite that rating:

	 	 	 	 	 
	BB+
	 	 	0.25	%
	 
	 	 	 	 
	BB
	 	 	0.50	%
	 
	 	 	 	 
	BB-
	 	 	0.75	%
	 
	 	 	 	 
	B+ or below
	 	 	1.00	%

9

 

     If at any time the interest rate on the Notes of a series has been adjusted upward and either
Moody’s or S&P, as the case may be, subsequently increases its rating of the Notes of that series
to any of the threshold ratings set forth above, the interest rate on the Notes of that series will
be decreased such that the interest rate for the Notes of that series equals the interest rate
payable on the Notes on the date of their issuance plus the percentages set forth opposite the
applicable ratings from the tables above in effect immediately following the increase. If Moody’s
subsequently increases its rating of the Notes of any series to Baa3 or higher, and S&P increases
its rating to BBB- or higher the interest rate on the Notes of that series will be decreased to the
interest rate payable on the Notes of that series on the date of their issuance. In addition, the
interest rate on the Notes of each series will permanently cease to be subject to any adjustment
described above (notwithstanding any subsequent decrease in the ratings by either or both Rating
Agencies) if the Notes of that series become rated A3 and A- or higher by Moody’s and S&P,
respectively (or one of these ratings if the Notes are only rated by one Rating Agency).

     Each adjustment required by any decrease or increase in a rating set forth above, whether
occasioned by the action of Moody’s or S&P, shall be made independent of any and all other
adjustments. In no event shall (1) the interest rate payable for the Notes of a series be reduced
to below the interest rate payable on the Notes of that series on the date of their issuance or (2)
the total increase in the interest rate on the Notes of a series exceed 2.00% above the interest
rate payable on the Notes of that series on the date of their issuance.

     If either Moody’s or S&P ceases to provide a rating of the Notes of a series, any subsequent
increase or decrease in the interest rate of the Notes of that series necessitated by a reduction
or increase in the rating by the agency continuing to provide the rating shall be twice the
percentage set forth in the applicable table above. No adjustments in the interest rate of the
Notes of a series shall be made solely as a result of either Moody’s or S&P ceasing to provide a
rating. If both Moody’s and S&P cease to provide a rating of the Notes of a series, the interest
rate on the Notes of that series will increase to, or remain at, as the case may be, 2.00% above
the interest rate payable on the Notes of that series on the date of their issuance.

     Any interest rate increase or decrease described above will take effect from the first day of
the interest period during which a rating change requires an adjustment in the interest rate.

     If the interest rate payable on the Notes of a series is increased as described in this
Section 2.02(d)(ii), then the term “interest”, as used in this First Supplemental Indenture, the
Indenture and the Notes of the applicable series, will be deemed to include any such additional
interest unless the context otherwise requires.

10

 

     (e) Currency. The currency of denomination of the Notes is United States Dollars. Payment of
principal of and interest and premium, if any, on the Notes will be made in United States Dollars.

     Section 2.03. Optional Redemption.

     (a) The provisions of Article 11 of the Indenture shall apply to the Notes.

     (b) At any time and from time to time, the Notes of each series will be redeemable, as a whole
or in part, at the Company’s option, on at least 30 days, but not more than 60 days, prior notice
mailed to the registered address of each Holder of the Notes of the applicable series, at a
redemption price equal to the greater of (i) 100% of Principal Amount of the Notes to be redeemed,
or (ii) the sum of the present values of the remaining scheduled payments of interest and principal
thereon (exclusive of interest accrued and unpaid to, but not including, the date of redemption)
discounted to the date of redemption on a semiannual basis, assuming a 360-day year consisting of
twelve 30-day months, at the Treasury Rate plus 40 basis points for the Notes due 2013, or at the
Treasury Rate plus 40 basis points for the Notes due 2018, as applicable, plus accrued and unpaid
interest to, but not including, the Redemption Date for the applicable series of Notes.

     (c) On and after the Redemption Date for the Notes of either series, interest will cease to
accrue on the Notes of such series or any portion thereof called for redemption, unless the Company
defaults in the payment of the redemption price. On or before the Redemption Date for the Notes of
that series, the Company will deposit with a Paying Agent, or the Trustee, funds sufficient to pay
the redemption price of the Notes of a series to be redeemed on such date. If less than all of the
Notes are to be redeemed, the Notes to be redeemed will be selected by the Trustee by such method
as the Trustee deems fair and appropriate; provided however that no Notes of a Principal Amount of
$2,000 or less shall be redeemed in part.

     (d) Notice of any redemption will be mailed at least 30 days but not more than 60 days before
the Redemption Date to each holder of the Notes of the applicable series to be redeemed provided however that if the Trustee is asked to give such notice it shall be notified in writing of such request at least 15 days prior to the date
of the giving of such notice. Once
notice of redemption is mailed, the Notes called for redemption will become due and payable on the
Redemption Date and at the applicable redemption price, plus accrued and unpaid interest to the
Redemption Date.

     Section 2.04. Repurchase of Notes upon a Change of Control.

     (a) If a Change of Control Triggering Event occurs with respect to the Notes of a series,
unless the Company shall have exercised its option to redeem the Notes of such series as described
in Section 2.03 of this First Supplemental Indenture, the Company shall be required to make an
offer (the “Change of

11

 

Control Offer”) to each holder of the Notes of such series to repurchase all or any part
(equal to $2,000 or any integral multiple of $1,000 in excess thereof) of that Holder’s Notes of
such series on the terms set forth in this Section 2.04 and in the Notes of such series. In the
Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of
the aggregate Principal Amount of Notes repurchased, plus accrued and unpaid interest, if any, on
the Notes repurchased up to, but not including, the date of repurchase (the “Change of Control
Payment”). With respect to the Notes of each series, within 30 days following any Change of Control
Triggering Event or, at the option of the Company, prior to any Change of Control, but after the
public announcement of the transaction that constitutes or may constitute the Change of Control,
the Company shall mail a notice to Holders of Notes of the applicable series describing the
transaction that constitutes or may constitute the Change of Control Triggering Event and offering
to repurchase the Notes of such series on the date specified in the notice, which date shall be no
earlier than 30 days and no later than 60 days from the date such notice is mailed or, if the
notice is mailed prior to the Change of Control, no earlier than 30 days and no later than 60 days
from the date on which the Change of Control Triggering Event occurs (the “Change of Control
Payment Date”). The notice shall, if mailed prior to the date of consummation of the Change of
Control, state that the offer to purchase is conditioned on the Change of Control Triggering Event
occurring on or prior to the Change of Control Payment Date.

     (b) On the Change of Control Payment Date, the Company shall, to the extent lawful:

     (i) accept for payment all Notes or portions of Notes properly tendered pursuant to
the Change of Control Offer;

     (ii) deposit with the Paying Agent an amount equal to the Change of Control Payment
in respect of all Notes or portions of Notes properly tendered; and

     (iii) deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officer’s Certificate stating the aggregate Principal Amount of Notes or
portions of Notes being repurchased.

     The Company shall publicly announce the results of the Change of Control Offer on or as soon
as possible after the date of purchase.

     (c) The Company shall not be required to make a Change of Control Offer upon the occurrence of
a Change of Control Triggering Event if a third party makes such an offer in the manner, at the
times and otherwise in compliance with the requirements for an offer made by the Company and the
third party repurchases all Notes properly tendered and not withdrawn under its offer. In addition,
the Company shall not repurchase any Notes of the applicable series if

12

 

there has occurred and is continuing on the Change of Control Payment Date an Event of Default
under the Indenture, other than an Event of Default arising as a result of a default in the payment
of the Change of Control Payment upon a Change of Control Triggering Event.

     (d) The Company shall comply in all material respects with the requirements of Rule 14e-1
under the Exchange Act and any other securities laws and regulations thereunder to the extent such
laws and regulations are applicable in connection with the repurchase of the Notes of the
applicable series as a result of a Change of Control Triggering Event. To the extent that the
provisions of any such securities laws or regulations conflict with the Change of Control Offer
provisions of the Notes, the Company shall comply with the applicable securities laws and
regulations and shall not be deemed to have breached its obligations under the Change of Control
Offer provisions of the Notes by virtue of any such conflict.

ARTICLE 3

Miscellaneous

     Section 3.01. Trust Indenture Act Controls. If any provision of this First Supplemental
Indenture limits, qualifies or conflicts with another provision which is required to be included in
this First Supplemental Indenture by the TIA, the required provision shall control. If any
provision of this First Supplemental Indenture modifies or excludes any provision of the TIA which
may be so modified or excluded, the latter provision shall be deemed to apply to this First
Supplemental Indenture as so modified or to be excluded, as the case may be.

     Section 3.02. New York Law to Govern. This First Supplemental Indenture and the Notes shall
each be deemed to be a contract under the laws of the State of New York, and for all purposes shall
be construed in accordance with the laws of said State.

     Section 3.03. Counterparts. This First Supplemental Indenture may be executed in any number
of counterparts, each of which shall be an original; but such counterparts shall together
constitute but one and the same instrument.

     Section 3.04. Severability. If any provision of this First Supplemental Indenture or the
Notes shall be held to be illegal or unenforceable under applicable law, then the remaining
provisions hereof shall be construed as though such invalid, illegal or unenforceable provision
were not contained therein.

     Section 3.05. Ratification. The Indenture, as supplemented and amended by this First
Supplemental Indenture, is in all respects ratified and confirmed. The Indenture and this First
Supplemental Indenture shall be read, taken and construed as one and the same instrument. All
provisions included in this First Supplemental Indenture supersede any conflicting provisions
included in the Indenture unless

13

 

not permitted by law. The Trustee accepts the trusts created by the Indenture, as supplemented
by this First Supplemental Indenture, and agrees to perform the same upon the terms and conditions
of the Indenture, as supplemented by this First Supplemental Indenture.

     Section 3.06. Effectiveness. The provisions of this First Supplemental Indenture shall
become effective as of the date hereof.

     Section 3.07.
Trustee Makes No Representation

     The recitals
contained herein are made by the Company and not by the Trustee,
and the Trustee assumes no responsibility for the correctness thereof.
The Trustee makes no representation as to the validity or sufficiency
of this First Supplemental Indenture. All rights, protections, privileges,
indemnities and benefits granted or afforded to the Trustee under the Indenture
shall be deemed incorporated herein by this reference and shall be deemed applicable
to all actions taken, suffered or omitted by the Trustee in each of its capacities
hereunder, and each agent, custodian and other Person employed to act under this First Supplemental Indenture.

[Remainder of page intentionally left blank.]

14

 

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

	 	 	 	 	 
	 	LEXMARK INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Richard A. Pelini 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Supplemental Indenture

 

 

EXHIBIT A

Form of 5.900% Senior Note due 2013

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY
THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL
PURPOSES.

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE.

LEXMARK INTERNATIONAL, INC.

5.900% Senior Note due 2013

	 	 	 	 	 
	REGISTERED	 	PRINCIPAL AMOUNT
	No. Specimen
	 	$	350,000,000	 

CUSIP: 529772AD7

ISIN: US529772AD74

     Lexmark International, Inc., a Delaware corporation (herein called the “Company”, which term
includes any successor Person under the Indenture hereinafter referred to), for value received,
hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of $350,000,000,
or such other Principal Amount as may be set forth in the records of the Trustee (hereinafter
referred to) in accordance with the terms of the Indenture, on June 1, 2013 (the

A-1

 

“Maturity Date”) (except to the extent redeemed or repaid prior to the Maturity Date) and to
pay interest thereon from May 22, 2008 (the “Original Issue Date”) or from the most recent Interest
Payment Date to which interest has been paid or duly provided for semi-annually at the rate of
5.900% per annum, on June 1 and December 1 (each such date, an “Interest Payment Date”), commencing
December 1, 2008, until the principal hereof is paid or made available for payment.

     Subject to the limitations set forth in Section 2.02(d)(ii) of the First Supplemental
Indenture (as defined herein), the interest rate payable on the Notes (as defined herein) will be
subject to adjustment from time to time, on the terms set forth in the Indenture, if either Moody’s
or S&P downgrades (or subsequently upgrades) the debt rating assigned to the Notes. If the interest
rate payable on this Note is increased in accordance with the terms hereof and of the Indenture,
then the term interest, as used in this Note and the Indenture, will be deemed to include any such
additional interest unless the context otherwise requires.

     Payment of Interest. The interest so payable, and punctually paid or made available for
payment, on any Interest Payment Date, will, as provided in the Indenture, be paid, in immediately
available funds, to the Person in whose name this Note (or one or more predecessor Securities) is
registered at the close of business on May 15 or November 15 (whether or not a Business Day, as
defined in the Indenture), as the case may be, next preceding such Interest Payment Date (the
“Regular Record Date”). Any such interest not punctually paid or duly provided for (“Defaulted
Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date, and such
Defaulted Interest, may be paid to the Person in whose name this Note (or one or more predecessor
Securities) is registered at the close of business on a special record date (the “Special Record
Date”) for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall
be given to Holders of Notes not less than fifteen days prior to such Special Record Date, or may
be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes may be listed, and upon such notice as may be required by
such exchange, all as more fully provided in said Indenture.

     Place of Payment. Payment of principal, premium, if any, and interest on this Note will be
made at the Corporate Trust Office of the Trustee or such other office or agency of the Company as
may be designated for such purpose, in such coin or currency of the United States of America as at
the time of payment is legal tender for payment of public and private debts; provided, however,
that each installment of interest, premium, if any, and principal on this Note may at the Company’s
option with written notice to the Trustee be paid in immediately available funds by transfer to an account maintained by the payee
located in the United States, provided such payee has given written wire transfer instructions to
the Company.

     Time of Payment. In any case where any Interest Payment Date, the Maturity Date or any date
fixed for redemption or repayment of the Notes shall

A-2

 

not be a Business Day, then (notwithstanding any other provision of the Indenture or this
Note), payment of principal or interest, if any, need not be made on such date, but may be made on
the next succeeding Business Day with the same force and effect as if made on such Interest Payment
Date, the Maturity Date or the date so fixed for redemption or repayment, and no interest shall
accrue in respect of the delay.

     General. This Note is one of a duly authorized issue of Securities of the Company, issued and
to be issued in one or more series under an indenture (the “Base Indenture”), dated as of May 22,
2008, between the Company and The Bank of New York Trust Company, N.A. (herein called the
“Trustee”, which term includes any successor trustee under the Indenture with respect to a series
of which this Note is a part), as supplemented by a First Supplemental Indenture thereto, dated as
of May 22, 2008 (the “First Supplemental Indenture” and, together with the Base Indenture, the
“Indenture”). Reference is hereby made to the Indenture for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders
of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and
delivered. This Note is one of a duly authorized series of Securities designated as 5.900% Senior
Notes due June 1, 2013 (collectively, the “Notes”), initially limited in aggregate Principal Amount
to $350,000,000.

     Further Issuance. The Company may from time to time, without the consent of the Holders of the
Notes, issue additional Securities (the “Additional Securities”) of this series having the same
ranking and the same interest rate, maturity and other terms as the Notes. Any Additional
Securities of this series and the Notes will constitute a single series under the Indenture and all
references to the Notes shall include the Additional Securities unless the context otherwise
requires.

     Events of Default. If an Event of Default with respect to the Notes shall have occurred and be
continuing, the principal of the Notes may be declared due and payable in the manner and with the
effect provided in the Indenture.

     Sinking Fund. The Notes are not subject to any sinking fund.

     Optional Redemption. The Notes will be redeemable at any time, at the option of the Company,
in whole or from time to time in part, upon not less than 30 nor more than 60 days prior notice, on
any date prior to their Maturity at a redemption price, calculated pursuant to the Indenture, which
includes accrued interest thereon, if any, to, but not including, the Redemption Date. In the case
of any partial redemption, selection of the Notes for redemption will be made by the Trustee by
such methods, as the Trustee in its sole discretion shall deem fair and appropriate. If any Note is
to be redeemed in part only, the notice of redemption relating to such Note shall state the portion
of the Principal Amount thereof to be redeemed. A new Note in Principal Amount equal to the
unredeemed portion

A-3

 

thereof will be issued in the name of the Holder thereof upon cancellation of this Note.

     Repurchase upon a Change of Control Triggering Event. Upon the occurrence of a Change of
Control Triggering Event with respect to the Notes, the Company shall be required to make an offer
to repurchase the Notes on the terms set forth in the Indenture.

     Full Defeasance and Covenant Defeasance. The Indenture contains provisions for defeasance at
any time of (a) the entire indebtedness of the Company on this Note and (b) certain restrictive
covenants and the related Defaults and Events of Default, upon compliance by the Company with
certain conditions set forth therein, which provisions apply to this Note.

     Modification and Waivers; Obligations of the Company Absolute. The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series. Such
amendment may be effected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than a majority in aggregate Principal Amount of the outstanding
Notes of each series affected thereby. The Indenture also contains provisions permitting the
Holders of not less than a majority in aggregate Principal Amount of the Securities at the time
outstanding, on behalf of the Holders of all outstanding Securities, to waive compliance by the
Company with certain provisions of the Indenture. Furthermore, provisions in the Indenture permit
the Holders of not less than a majority in aggregate Principal Amount of the outstanding Securities
of individual series to waive on behalf of all of the Holders of Securities of such individual
series certain past defaults under the Indenture and their consequences. Any such consent or waiver
shall be conclusive and binding upon the Holder of this Note and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in
lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

     No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal of and interest on this Note at the time, place, and rate, and in the coin or currency,
herein prescribed.

     Limitation on Suits. As set forth in, and subject to, the provisions of the Indenture, no
Holder of any Note will have any right to institute any proceeding with respect to the Indenture or
for any remedy thereunder, unless such Holder shall have previously given to the Trustee written
notice of a continuing Event of Default with respect to this series, the Holders of not less than
25% in Principal Amount of the outstanding Notes shall have made written request, and offered
reasonable indemnity, to the Trustee to institute such proceedings as trustee, and the Trustee
shall not have received from the Holders of a majority in Principal

A-4

 

Amount of the outstanding Notes a direction inconsistent with such request and shall have
failed to institute such proceeding within 60 days; provided, however, that such limitations do not
apply to a suit instituted by the Holder hereof for the enforcement of payment of the principal of
or interest on this Note on or after the respective due dates expressed herein.

     Authorized Denominations. The Notes are issuable only in registered form without coupons in
denominations of $2,000 or any integral multiple of $1,000 in excess thereof.

     Registration of Transfer or Exchange. As provided in the Indenture and subject to certain
limitations herein and therein set forth, the transfer of this Note is registrable in the register
of the Notes maintained by the Registrar upon surrender of this Note for registration of transfer,
at the office or agency of the Company in any place where the principal of and interest on this
Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Registrar, duly executed by the Holder hereof or its attorney
duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and
for the same aggregate Principal Amount, will be issued to the designated transferee or
transferees.

     As provided in the Indenture and subject to certain limitations herein and therein set forth,
the Notes are exchangeable for a like aggregate Principal Amount of Notes of different authorized
denominations, as requested by the Holders surrendering the same.

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

     Prior to due presentment of this Note for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Holder as the owner hereof for all
purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such
agent shall be affected by notice to the contrary.

     Defined Terms. All terms used in this Note, which are defined in the Indenture and are not
otherwise defined herein, shall have the meanings assigned to them in the Indenture.

     Governing Law. This Note shall be governed by and construed in accordance with the laws of the
State of New York, as applied to contracts made and performed within the State of New York law.

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

A-5

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and its seal to
be hereunto affixed and attested.

Dated: May     , 2008

	 	 	 	 	 
	 	LEXMARK INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Richard A. Pelini 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

A-6

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture, as such is supplemented by the within-mentioned First Supplemental
Indenture.

	 	 	 	 	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Dated: May      , 2008

A-7

 

ASSIGNMENT

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s)
unto 

 

 

     PLEASE INSERT SOCIAL SECURITY NUMBER OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

	 	 	 
	 

	 
	 

 

 

(Please print or typewrite name and address,

including postal zip code, of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints

 

 

 

to transfer said Note on the books of the Trustee, with full power of substitution in the premises.

	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the
face of the within Note in every particular,
without alteration or enlargement or any
change whatsoever.

	 	 	 
	 

Signature Guarantee

	 	 

A-8

 

EXHIBIT B

Form of 6.650% Senior Note due 2018

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY
THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL
PURPOSES.

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE.

LEXMARK INTERNATIONAL, INC.

6.650% Senior Note due 2018

	 	 	 	 	 
	REGISTERED	 	PRINCIPAL AMOUNT
	No. Specimen
	 	$	300,000,000	 

CUSIP: 
529772AE5

ISIN: US529772AE57

     Lexmark International, Inc., a Delaware corporation (herein called the “Company”, which term
includes any successor Person under the Indenture hereinafter referred to), for value received,
hereby promises to pay to Cede & Co., or registered assigns, the principal sum of $300,000,000, or
such other Principal

B-1

 

Amount as may be set forth in the records of the Trustee (hereinafter referred to) in
accordance with the terms of the Indenture, on June 1, 2018 (the “Maturity Date”) (except to the
extent redeemed or repaid prior to the Maturity Date) and to pay interest thereon from May 22, 2008
(the “Original Issue Date”) or from the most recent Interest Payment Date to which interest has
been paid or duly provided for semi-annually at the rate of 6.650% per annum, on June 1 and
December 1 (each such date, an “Interest Payment Date”), commencing December 1, 2008, until the
principal hereof is paid or made available for payment.

     Subject to the limitations set forth in Section 2.02(d)(ii) of the First Supplemental
Indenture (as defined herein), the interest rate payable on the Notes (as defined herein) will be
subject to adjustment from time to time, on the terms set forth in the Indenture, if either Moody’s
or S&P downgrades (or subsequently upgrades) the debt rating assigned to the Notes. If the interest
rate payable on this Note is increased in accordance with the terms hereof and of the Indenture,
then the term interest, as used in this Note and the Indenture, will be deemed to include any such
additional interest unless the context otherwise requires.

     Payment of Interest. The interest so payable, and punctually paid or made available for
payment, on any Interest Payment Date, will, as provided in the Indenture, be paid, in immediately
available funds, to the Person in whose name this Note (or one or more predecessor Securities) is
registered at the close of business on May 15 or November 15 (whether or not a Business Day, as
defined in the Indenture), as the case may be, next preceding such Interest Payment Date (the
“Regular Record Date”). Any such interest not punctually paid or duly provided for (“Defaulted
Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date, and such
Defaulted Interest, may be paid to the Person in whose name this Note (or one or more predecessor
Securities) is registered at the close of business on a special record date (the “Special Record
Date”) for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall
be given to Holders of Notes not less than fifteen days prior to such Special Record Date, or may
be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes may be listed, and upon such notice as may be required by
such exchange, all as more fully provided in said Indenture.

     Place of Payment. Payment of principal, premium, if any, and interest on this Note will be
made at the Corporate Trust Office of the Trustee or such other office or agency of the Company as
may be designated for such purpose, in such coin or currency of the United States of America as at
the time of payment is legal tender for payment of public and private debts; provided, however,
that each installment of interest, premium, if any, and principal on this Note may at the Company’s
option with written notice to the Trustee be paid in immediately available funds by transfer to an account maintained by the payee
located in the United States, provided such payee has given written wire transfer instructions to
the Company.

B-2

 

     Time of Payment. In any case where any Interest Payment Date, the Maturity Date or any date
fixed for redemption or repayment of the Notes shall not be a Business Day, then (notwithstanding
any other provision of the Indenture or this Note), payment of principal or interest, if any, need
not be made on such date, but may be made on the next succeeding Business Day with the same force
and effect as if made on such Interest Payment Date, the Maturity Date or the date so fixed for
redemption or repayment, and no interest shall accrue in respect of the delay.

     General. This Note is one of a duly authorized issue of Securities of the Company, issued and
to be issued in one or more series under an indenture (the “Base Indenture”), dated as of May 22,
2008, between the Company and The Bank of New York Trust Company, N.A. (herein called the
“Trustee”, which term includes any successor trustee under the Indenture with respect to a series
of which this Note is a part), as supplemented by a First Supplemental Indenture thereto, dated as
of May 22, 2008 (the “First Supplemental Indenture” and, together with the Base Indenture, the
“Indenture”). Reference is hereby made to the Indenture for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders
of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and
delivered. This Note is one of a duly authorized series of Securities designated as 6.650% Senior
Notes due June 1, 2018 (collectively, the “Notes”), initially limited in aggregate Principal Amount
to $300,000,000.

     Further Issuance. The Company may from time to time, without the consent of the Holders of the
Notes, issue additional Securities (the “Additional Securities”) of this series having the same
ranking and the same interest rate, maturity and other terms as the Notes. Any Additional
Securities of this series and the Notes will constitute a single series under the Indenture and all
references to the Notes shall include the Additional Securities unless the context otherwise
requires.

     Events of Default. If an Event of Default with respect to the Notes shall have occurred and be
continuing, the principal of the Notes may be declared due and payable in the manner and with the
effect provided in the Indenture.

     Sinking Fund. The Notes are not subject to any sinking fund.

     Optional Redemption. The Notes will be redeemable at any time, at the option of the Company,
in whole or from time to time in part, upon not less than 30 nor more than 60 days prior notice, on
any date prior to their Maturity at a redemption price, calculated pursuant to the Indenture, which
includes accrued interest thereon, if any, to, but not including, the Redemption Date. In the case
of any partial redemption, selection of the Notes for redemption will be made by the Trustee by
such methods, as the Trustee in its sole discretion shall deem fair and appropriate. If any Note is
to be redeemed in part only, the notice of redemption relating to such Note shall state the portion
of the Principal Amount thereof to be

B-3

 

redeemed. A new Note in Principal Amount equal to the unredeemed portion thereof will be
issued in the name of the Holder thereof upon cancellation of this Note.

     Repurchase upon a Change of Control Triggering Event. Upon the occurrence of a Change of
Control Triggering Event with respect to the Notes, the Company shall be required to make an offer
to repurchase the Notes on the terms set forth in the Indenture.

     Full Defeasance and Covenant Defeasance. The Indenture contains provisions for defeasance at
any time of (a) the entire indebtedness of the Company on this Note and (b) certain restrictive
covenants and the related Defaults and Events of Default, upon compliance by the Company with
certain conditions set forth therein, which provisions apply to this Note.

     Modification and Waivers; Obligations of the Company Absolute. The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series. Such
amendment may be effected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than a majority in aggregate Principal Amount of the outstanding
Notes of each series affected thereby. The Indenture also contains provisions permitting the
Holders of not less than a majority in aggregate Principal Amount of the Securities at the time
outstanding, on behalf of the Holders of all outstanding Securities, to waive compliance by the
Company with certain provisions of the Indenture. Furthermore, provisions in the Indenture permit
the Holders of not less than a majority in aggregate Principal Amount of the outstanding Securities
of individual series to waive on behalf of all of the Holders of Securities of such individual
series certain past defaults under the Indenture and their consequences. Any such consent or waiver
shall be conclusive and binding upon the Holder of this Note and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in
lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

     No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal of and interest on this Note at the time, place, and rate, and in the coin or currency,
herein prescribed.

     Limitation on Suits. As set forth in, and subject to, the provisions of the Indenture, no
Holder of any Note will have any right to institute any proceeding with respect to the Indenture or
for any remedy thereunder, unless such Holder shall have previously given to the Trustee written
notice of a continuing Event of Default with respect to this series, the Holders of not less than
25% in Principal Amount of the outstanding Notes shall have made written request, and offered
reasonable indemnity, to the Trustee to institute such proceedings as trustee, and

B-4

 

the Trustee shall not have received from the Holders of a majority in Principal Amount of the
outstanding Notes a direction inconsistent with such request and shall have failed to institute
such proceeding within 60 days; provided, however, that such limitations do not apply to a suit
instituted by the Holder hereof for the enforcement of payment of the principal of or interest on
this Note on or after the respective due dates expressed herein.

     Authorized Denominations. The Notes are issuable only in registered form without coupons in
denominations of $2,000 or any integral multiple of $1,000 in excess thereof.

     Registration of Transfer or Exchange. As provided in the Indenture and subject to certain
limitations herein and therein set forth, the transfer of this Note is registrable in the register
of the Notes maintained by the Registrar upon surrender of this Note for registration of transfer,
at the office or agency of the Company in any place where the principal of and interest on this
Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Registrar, duly executed by the Holder hereof or its attorney
duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and
for the same aggregate Principal Amount, will be issued to the designated transferee or
transferees.

     As provided in the Indenture and subject to certain limitations herein and therein set forth,
the Notes are exchangeable for a like aggregate Principal Amount of Notes of different authorized
denominations, as requested by the Holders surrendering the same.

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

     Prior to due presentment of this Note for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Holder as the owner hereof for all
purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such
agent shall be affected by notice to the contrary.

     Defined Terms. All terms used in this Note, which are defined in the Indenture and are not
otherwise defined herein, shall have the meanings assigned to them in the Indenture.

     Governing Law. This Note shall be governed by and construed in accordance with the laws of the
State of New York, as applied to contracts made and performed within the State of New York law.

B-5

 

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

B-6

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and its seal to
be hereunto affixed and attested.

Dated: May      , 2008

	 	 	 	 	 
	 	LEXMARK INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Richard A. Pelini 	 
	 	 	Title:  	Vice President and Treasurer 	 

B-7

 

	 	 	 	 	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture, as such is supplemented by the within-mentioned First Supplemental
Indenture.

	 	 	 	 	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Dated: May      , 2008

B-8

 

ASSIGNMENT

     FOR
VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto  

 

 

     PLEASE INSERT SOCIAL SECURITY NUMBER OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

	 	 	 
	 

	 
	 

 

 

(Please print or typewrite name and address,

including postal zip code, of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints

 

 

 

to transfer said Note on the books of the Trustee, with full power of substitution in the premises.

	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the
face of the within Note in every particular,
without alteration or enlargement or any
change whatsoever.

	 	 	 
	 

Signature Guarantee

	 	 

B-9

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