Document:

ex10.htm

    THIS
PROMISSORY NOTE HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT FOR
DISTRIBUTION AND MAY BE TRANSFERRED OR OTHERWISE DISPOSED OF ONLY IN COMPLIANCE
WITH THE SECURITIES ACT OF l933, AS AMENDED (THE “ACT”).

     

    DCAP GROUP, INC.

     

    June
__, 2009

     

    PROMISSORY
NOTE

     

    Due
July 10, 2011

    (or
Later Under Certain Circumstances)

     

    DCAP GROUP, INC., a Delaware
corporation (the “Company”), for value received, hereby promises to pay to
____________________________________________ or order (the “Holder”)
on the later of (i) July 10, 2011 or (ii) two years and ten days following the
effective date on which Commercial Mutual Insurance Company (“CMIC”) is
converted from an advance premium cooperative to a stock property and casualty
insurance company, and the surplus notes of CMIC held by the Company are
converted into a 100% equity interest in CMIC’s successor, Kingstone Insurance
Company, but in no event later than October 10, 2011 (the “Maturity Date”) at
the offices of the Company, 1158 Broadway, Hewlett, New York, the principal
sum of
__________________________________________________ ($___________) DOLLARS
in such coin or currency of the United States of America as at the time of
payment shall be legal tender for the payment of public and private debts and to
pay interest on said principal sum at the rate of twelve and five-eighths
percent (12.625%) per annum through the Maturity Date.  Interest on
the principal balance of this Promissory Note (“Note”) from the date hereof (the
“Issue Date”) shall be payable on each July 10 and January 10 commencing on July
10, 2009.

     

    1. Series of
Notes.  This Note is one of a series of Promissory Notes,
identical in form (the “Notes”), issued on or about the date hereof, in the
aggregate principal amount of $500,000.  All Notes in such series
shall rank equally and ratably without preference or priority of any said Notes
over any others thereof.

     

    2. Registered
Owner.  The Company may consider and treat the person in whose
name this Note shall be registered as the absolute owner thereof for all
purposes whatsoever (whether or not this Note shall be overdue) and the Company
shall not be affected by any notice to the contrary.  Subject to the
provisions hereof, the registered owner of this Note shall have the right to
transfer it by assignment and the transferee thereof, upon its registration as
owner of this Note, shall become vested with all the powers and rights of the
transferor.  Registration of any new owner shall take place upon
presentation of this Note to the Company at its offices together with the Note
Assignment Form attached hereto duly executed.  In case of transfers
by operation of law, the transferee shall notify the Company of such transfer
and of its address, and shall submit appropriate evidence regarding the transfer
so that this Note may be registered in the name of the
transferee.  This Note is transferable only on the books of the
Company by the Holder on the surrender hereof, duly endorsed. Communications
sent to any registered owner shall be effective as against all holders or
transferees of this Note not registered at the time of sending the
communication.

     

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    3. Consent
Required.  Except with the prior written consent of the Holder,
the Company shall not grant a security interest in any of its assets to secure
the repayment of any indebtedness incurred by it for borrowed
funds.

     

    4. Redemption.

     

    4.1 Redemption
Right. The Holder, by its acceptance of this Note, hereby acknowledges
that, at any time, and from time to time, prior to the Maturity Date, the
Company may, at its option, by written notice given to the Holder, elect to
redeem and prepay all or any portion of the outstanding principal indebtedness
evidenced by this Note, without premium or penalty.  Any such notice
of the Company’s election to redeem and prepay as provided for hereinabove shall
indicate the principal amount to be redeemed and prepaid (the “Redemption
Amount”) and shall be given not less than thirty (30) days prior to the date
fixed in such notice as the date for the redemption of this Note (the
“Redemption Date”).

     

    4.2 Interest.  In
the event the Company so elects to redeem and prepay this Note, in whole or in
part, pursuant to Section 4.1 hereof, it shall pay to the Holder, in addition to
the principal amount being prepaid, accrued interest thereon through the
Redemption Date; provided, however, that, if the Redemption Date is prior to the
six (6) month anniversary of the Issue Date, additional interest shall be
payable hereunder such that the Holder receives an amount of interest on the
Redemption Date equal to six (6) months interest on the Redemption Amount less
any interest theretofore paid thereon.

     

    4.3 Obligations.  On
the Redemption Date, this Note shall be due and payable to the extent provided
for in Sections 4.1 and 4.2 hereof and, if the remaining balance of the
principal amount of this Note is payable on the Redemption Date, the Holder
shall tender to the  Company this Note for
cancellation.  Effective with the Redemption Date, with respect to the
Redemption Amount, interest will cease to accrue, and the only right of the
Holder shall be to receive the amount payable upon redemption.

     

    5. Events of
Default.  If the Company shall (i) fail to make any payment due
hereunder and such failure shall continue unremedied for a period of fifteen
(15) days following receipt of written notice thereof from the Holder; (ii)
violate the provisions of Section 3 hereof; (iii) admit in writing its inability
to pay its debts generally as they mature; (iv) make a general assignment for
the benefit of creditors; (v) be adjudicated a bankrupt or insolvent; (vi) file
a voluntary petition in bankruptcy or a petition or an answer seeking an
arrangement with creditors; (vii) take advantage of any bankruptcy, insolvency
or readjustment of debt law or statute or file an answer admitting the material
allegations of a petition filed against it in any proceeding under any such law;
(viii) apply for or consent to the appointment of a receiver, trustee or
liquidator for all or substantially all of its assets; or (ix) have an
involuntary case commenced against it under the Federal bankruptcy laws, which
case is not dismissed or stayed within sixty (60) days (each an “Event of
Default”), then, at any time thereafter and unless such Event of Default shall
have been cured or shall have been waived in writing by the Holder, the Holder
may, by written notice to the Company, declare the entire unpaid principal
amount of this Note then outstanding, together with accrued interest thereon, to
be forthwith due and payable, whereupon the same shall become forthwith due and
payable.

     

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    6. Investment
Intent. The Holder, by its acceptance hereof, hereby represents and
warrants that this Note is being acquired for investment purposes only and
without a view to the distribution thereof, and may be transferred only in
compliance with the Act.

     

    7. Transfer
to Comply with the Securities Act of l933.  This Note may not
be sold or otherwise disposed of except as follows: (a) to a person or entity to
whom this Note may legally be transferred without registration and without the
delivery of a current prospectus under the Act with respect thereto or (b) to
any person or entity upon delivery of a prospectus then meeting the
require­ments of the Act relating to such securities and the offering
thereof for such sale or disposition, and thereafter to all successive
assignees.

     

    8. Costs of
Collection.  In  the event the Company shall default
in the payment of this Note when due, then the Company shall pay, in addition to
unpaid principal and interest, all the costs and expenses incurred in effecting
collection hereunder, including reasonable attorneys’ fees.

     

    9. Applicable
Law.  This Note is issued under and shall for all purposes be
governed by and construed in accordance with the laws of the State of New York,
excluding choice of law rules thereof.

     

    10. Notices.  Any
notice required or permitted to be given pursuant to this Note shall be deemed
to have been duly given when delivered by hand or sent by certified or
registered mail, return receipt requested and postage prepaid, overnight mail or
telecopier as follows:

     

    If to the
Holder:

     

    ___________________
___________________

     

    If to the
Company:

    

    1158
Broadway

    Hewlett,
NY 11557

    Attn:  Chief
Accounting Officer

    Facsimile
No.:  (516) 295-7216

    

    With a
copy to

    

    Certilman
Balin Adler & Hyman, LLP

    90
Merrick Avenue

    East
Meadow, NY 11554

    Attn:
Fred Skolnik, Esq.

    Facsimile
No.: (516) 296-7111

    

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    or at
such other address as the Holder or the Company shall designate by notice to the
other given in accordance with this Section 10.

     

    11. Miscellaneous.  This
Note evidences the entire obligation of the Company with respect to the
repayment of the principal amount hereof and the other matters provided for
herein.  No provision of this Note may be modified except by an
instrument in writing signed by  the Company and the
Holder.  Payment of interest due under this Note prior to the Maturity
Date or Redemption Date, as the case may be, shall be made to the registered
Holder of this Note.  Payment of principal and interest due upon
redemption or maturity shall be made to the registered Holder of this Note on or
after the Redemption Date or Maturity Date, as the case may be, contemporaneous
with and upon presentation of this Note for payment.  No interest
shall be due on this Note for such period of time that may elapse between the
Redemption Date or Maturity Date, as the case may be, and its presentation for
payment.  Notwithstanding the foregoing, it shall not be necessary for
the Holder to present this Note for payment in the event of a partial redemption
of this Note.

     

     [Remainder
of page intentionally left blank.  Signature page
follows.]

     

    
      
        
           

           

        

         

      

      
         

        
        

      

      
         

      

    

    IN WITNESS WHEREOF, the
Company has caused this Note to be signed on its behalf, in its corporate name,
by its duly authorized officer, all as of the day and year first above
written.

     

    
      
        	 	DCAP GROUP,
    INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

      

    

     

    
      
        
           

        

         

      

      
         

        
        

      

      
         

      

    

    DCAP
GROUP, INC.

    

    PROMISSORY
NOTE

    

    DUE
JULY 10, 2011

    (OR
LATER UNDER CERTAIN CIRCUMSTANCES)

    

    NOTE ASSIGNMENT
FORM

    

    FOR
VALUE RECEIVED

    

    The
undersigned _____________________________ (please print or typewrite name of
assignor) hereby sells, assigns and transfers
unto________________________________________________________

    (please
print or typewrite name, address and social security or taxpayer identification
number, if any, of assignee)  the within Promissory Note of DCAP
Group, Inc., dated _____________, 2009, in the original principal amount of
$____________ and hereby authorizes the Company  to transfer this Note
on its books.

    
 

    
      	
              If the Holder is an
      individual:

               

              _____________________________

              Name(s) of Holder

               

              _____________________________

              Signature of Holder 

               

              _____________________________

              Signature, if jointly held

               

               

              _____________________________

              Date

            	
              If the Holder is not
      an individual:    

               

              _________________________

              Name of Holder

               

              By:______________________ 

                    Signature
      of Authorized Representative

               

              _________________________

              Name and Title of Authorized

              Representative

               

              _________________________

              Date

            

    

    
_____________________

    (Signature(s)
guaranteed)Exhibit 4.1

 

FORM
OF SENIOR INDENTURE

 

 

GEOKINETICS
INC.

 

as Issuer

 

and

 

THE
POTENTIAL SUBSIDIARY GUARANTORS

LISTED
ON THE SIGNATURE PAGES HERETO

 

as Potential Subsidiary Guarantors

 

and

 

 

[                                      ]

 

as Trustee

 

 

Dated as of                      

 

 

Debt Securities

 

 

GEOKINETICS
INC.

 

Reconciliation
and tie between Trust Indenture Act of 1939

and
Indenture, dated as of             ,         

 

	
  Section
  of

  	
   

  	
   

  	
   

  
	
  Trust
  Indenture

  	
   

  	
  Section(s)
  of

  	
   

  
	
  Act
  of 1939

  	
   

  	
  Indenture

  	
   

  
	
  § 310

  	
   

  	
  (a)(1)

  	
   

  	
  7.10

  	
   

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
  7.10

  	
   

  
	
   

  	
   

  	
  (a)(3)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
   

  	
  (a)(4)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
   

  	
  (a)(5)

  	
   

  	
  7.10

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  7.08, 7.10

  	
   

  
	
  § 311

  	
   

  	
  (a)

  	
   

  	
  7.11

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  7.11

  	
   

  
	
   

  	
   

  	
  (c)

  	
   

  	
  Not Applicable

  	
   

  
	
  § 312

  	
   

  	
  (a)

  	
   

  	
  2.07

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  11.03

  	
   

  
	
   

  	
   

  	
  (c)

  	
   

  	
  11.03

  	
   

  
	
  § 313

  	
   

  	
  (a)

  	
   

  	
  7.06

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  7.06

  	
   

  
	
   

  	
   

  	
  (c)

  	
   

  	
  7.06

  	
   

  
	
   

  	
   

  	
  (d)

  	
   

  	
  7.06

  	
   

  
	
  § 314

  	
   

  	
  (a)

  	
   

  	
  4.03, 4.04

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
   

  	
  (c)(1)

  	
   

  	
  11.04

  	
   

  
	
   

  	
   

  	
  (c)(2)

  	
   

  	
  11.04

  	
   

  
	
   

  	
   

  	
  (c)(3)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
   

  	
  (d)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
   

  	
  (e)

  	
   

  	
  11.05

  	
   

  
	
  § 315

  	
   

  	
  (a)

  	
   

  	
  7.01(b)

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  7.05

  	
   

  
	
   

  	
   

  	
  (c)

  	
   

  	
  7.01(a)

  	
   

  
	
   

  	
   

  	
  (d)

  	
   

  	
  7.01(c)

  	
   

  
	
   

  	
   

  	
  (d)(1)

  	
   

  	
  7.01(c)(1)

  	
   

  
	
   

  	
   

  	
  (d)(2)

  	
   

  	
  7.01(c)(2)

  	
   

  
	
   

  	
   

  	
  (d)(3)

  	
   

  	
  7.01(c)(3)

  	
   

  
	
   

  	
   

  	
  (e)

  	
   

  	
  6.11

  	
   

  
	
  § 316

  	
   

  	
  (a)(1)(A)

  	
   

  	
  6.05

  	
   

  
	
   

  	
   

  	
  (a)(1)(B)

  	
   

  	
  6.04

  	
   

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
  Not Applicable

  	
   

  
	
   

  	
   

  	
  (a)(last
  sentence)

  	
   

  	
  2.11

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  6.07

  	
   

  
	
  § 317

  	
   

  	
  (a)(1)

  	
   

  	
  6.08

  	
   

  
	
   

  	
   

  	
  (a)(2)

  	
   

  	
  6.09

  	
   

  
	
   

  	
   

  	
  (b)

  	
   

  	
  2.06

  	
   

  
	
  § 318

  	
   

  	
  (a)

  	
   

  	
  11.01

  	
   

  

 

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

 

 

TABLE
OF CONTENTS

 

	
  Article I. DEFINITIONS AND INCORPORATION BY REFERENCE

  	
  1

  
	
  SECTION 1.01

  	
  Definitions

  	
  1

  
	
  SECTION 1.02

  	
  Other Definitions

  	
  4

  
	
  SECTION 1.03

  	
  Incorporation by Reference of Trust Indenture Act

  	
  4

  
	
  SECTION 1.04

  	
  Rules of Construction

  	
  5

  
	
  Article II. THE SECURITIES

  	
  5

  
	
  SECTION 2.01

  	
  Amount Unlimited; Issuable in Series

  	
  5

  
	
  SECTION 2.02

  	
  Denominations

  	
  7

  
	
  SECTION 2.03

  	
  Forms Generally

  	
  7

  
	
  SECTION 2.04

  	
  Execution, Authentication, Delivery and Dating

  	
  8

  
	
  SECTION 2.05

  	
  Registrar and Paying Agent

  	
  9

  
	
  SECTION 2.06

  	
  Paying Agent to Hold Money in Trust

  	
  9

  
	
  SECTION 2.07

  	
  Holder Lists

  	
  10

  
	
  SECTION 2.08

  	
  Transfer and Exchange

  	
  10

  
	
  SECTION 2.02

  	
  Replacement Securities

  	
  10

  
	
  SECTION 2.10

  	
  Outstanding Securities

  	
  10

  
	
  SECTION 2.11

  	
  Original Issue Discount, Foreign-Currency Denominated and
  Treasury Securities

  	
  11

  
	
  SECTION 2.12

  	
  Temporary Securities

  	
  11

  
	
  SECTION 2.13

  	
  Cancellation

  	
  11

  
	
  SECTION 2.14

  	
  Payments; Defaulted Interest

  	
  11

  
	
  SECTION 2.15

  	
  Persons Deemed Owners

  	
  12

  
	
  SECTION 2.16

  	
  Computation of Interest

  	
  12

  
	
  SECTION 2.17

  	
  Global Securities; Book-Entry Provisions

  	
  12

  
	
  Article III. REDEMPTION

  	
  14

  
	
  SECTION 3.01

  	
  Applicability of Article

  	
  14

  
	
  SECTION 3.02

  	
  Notice to the Trustee

  	
  14

  
	
  SECTION 3.03

  	
  Selection of Securities To Be Redeemed

  	
  14

  
	
  SECTION 3.04

  	
  Notice of Redemption

  	
  14

  
	
  SECTION 3.05

  	
  Effect of Notice of Redemption

  	
  15

  
	
  SECTION 3.06

  	
  Deposit of Redemption Price

  	
  15

  
	
  SECTION 3.07

  	
  Securities Redeemed or Purchased in Part

  	
  15

  
	
  SECTION 3.08

  	
  Purchase of Securities

  	
  16

  
	
  SECTION 3.09

  	
  Mandatory and Optional Sinking Funds

  	
  16

  
	
  SECTION 3.10

  	
  Satisfaction of Sinking Fund Payments with Securities

  	
  16

  
	
  SECTION 3.11

  	
  Redemption of Securities for Sinking Fund

  	
  16

  
	
  Article IV. COVENANTS

  	
  17

  
	
  SECTION 4.01

  	
  Payment of Securities

  	
  17

  
	
  SECTION 4.02

  	
  Maintenance of Office or Agency

  	
  17

  
	
  SECTION 4.03

  	
  SEC Reports; Financial Statements

  	
  17

  
	
  SECTION 4.04

  	
  Compliance Certificate

  	
  18

  
	
  SECTION 4.05

  	
  Corporate Existence

  	
  18

  
	
  SECTION 4.06

  	
  Waiver of Stay, Extension or Usury Laws

  	
  18

  
	
  SECTION 4.07

  	
  Additional Amounts

  	
  18

  
	
  Article V. SUCCESSORS

  	
  19

  
	
  SECTION 5.01

  	
  Limitations on Mergers and Consolidations

  	
  19

  
	
  SECTION 5.02

  	
  Successor Person Substituted

  	
  19

  
	
  Article VI. DEFAULTS AND REMEDIES

  	
  19

  
	
  SECTION 6.01

  	
  Events of Default

  	
  19

  
	
  SECTION 6.02

  	
  Acceleration

  	
  21

  
	
  SECTION 6.03

  	
  Other Remedies

  	
  22

  
	
  SECTION 6.04

  	
  Waiver of Defaults

  	
  22

  
	
  SECTION 6.05

  	
  Control by Majority

  	
  22

  

 

i

 

	
  SECTION 6.06

  	
  Limitations on Suits

  	
  22

  
	
  SECTION 6.07

  	
  Rights of Holders to Receive Payment

  	
  23

  
	
  SECTION 6.08

  	
  Collection Suit by Trustee

  	
  23

  
	
  SECTION 6.09

  	
  Trustee May File Proofs of Claim

  	
  23

  
	
  SECTION 6.10

  	
  Priorities

  	
  23

  
	
  SECTION 6.11

  	
  Undertaking for Costs

  	
  24

  
	
  Article VII. TRUSTEE

  	
  24

  
	
  SECTION 7.01

  	
  Duties of Trustee

  	
  24

  
	
  SECTION 7.02

  	
  Rights of Trustee

  	
  25

  
	
  SECTION 7.03

  	
  May Hold Securities

  	
  25

  
	
  SECTION 7.04

  	
  Trustee’s Disclaimer

  	
  26

  
	
  SECTION 7.05

  	
  Notice of Defaults

  	
  26

  
	
  SECTION 7.06

  	
  Reports by Trustee to Holders

  	
  26

  
	
  SECTION 7.07

  	
  Compensation and Indemnity

  	
  26

  
	
  SECTION 7.08

  	
  Replacement of Trustee

  	
  27

  
	
  SECTION 7.09

  	
  Successor Trustee by Merger, etc.

  	
  28

  
	
  SECTION 7.10

  	
  Eligibility; Disqualification

  	
  28

  
	
  SECTION 7.11

  	
  Preferential Collection of Claims Against the Company or a
  Subsidiary Guarantor

  	
  28

  
	
  Article VIII. DISCHARGE OF INDENTURE

  	
  29

  
	
  SECTION 8.01

  	
  Termination of the Company’s and the Subsidiary Guarantors’
  Obligations

  	
  29

  
	
  SECTION 8.02

  	
  Application of Trust Money

  	
  31

  
	
  SECTION 8.03

  	
  Repayment to Company

  	
  31

  
	
  SECTION 8.04

  	
  Reinstatement

  	
  32

  
	
  Article IX. SUPPLEMENTAL INDENTURES AND AMENDMENTS

  	
  32

  
	
  SECTION 9.01

  	
  Without Consent of Holders

  	
  32

  
	
  SECTION 9.02

  	
  With Consent of Holders

  	
  33

  
	
  SECTION 9.02

  	
  Compliance with Trust Indenture Act

  	
  34

  
	
  SECTION 9.04

  	
  Revocation and Effect of Consents

  	
  34

  
	
  SECTION 9.05

  	
  Notation on or Exchange of Securities

  	
  35

  
	
  SECTION 9.06

  	
  Trustee to Sign Amendments, etc.

  	
  35

  
	
  Article X. GUARANTEE

  	
  35

  
	
  SECTION 10.01

  	
  Guarantee

  	
  35

  
	
  SECTION 10.02

  	
  Execution and Delivery of Guarantees

  	
  37

  
	
  SECTION 10.03

  	
  Limitation on Liability of the Subsidiary Guarantors

  	
  37

  
	
  SECTION 10.04

  	
  Release of Subsidiary Guarantors from Guarantee

  	
  37

  
	
  SECTION 10.05

  	
  Contribution

  	
  38

  
	
  Article XI. MISCELLANEOUS

  	
  38

  
	
  SECTION 11.01

  	
  Trust Indenture Act Controls

  	
  38

  
	
  SECTION 11.02

  	
  Notices

  	
  38

  
	
  SECTION 11.03

  	
  Communication by Holders with Other Holders

  	
  39

  
	
  SECTION 11.04

  	
  Certificate and Opinion as to Conditions Precedent

  	
  39

  
	
  SECTION 11.05

  	
  Statements Required in Certificate or Opinion

  	
  39

  
	
  SECTION 11.06

  	
  Rules by Trustee and Agents

  	
  40

  
	
  SECTION 11.07

  	
  Legal Holidays

  	
  40

  
	
  SECTION 11.08

  	
  No Recourse Against Others

  	
  40

  
	
  SECTION 11.09

  	
  Governing Law

  	
  40

  
	
  SECTION 11.10

  	
  No Adverse Interpretation of Other Agreements

  	
  40

  
	
  SECTION 11.11

  	
  Successors

  	
  40

  
	
  SECTION 11.12

  	
  Severability

  	
  40

  
	
  SECTION 11.13

  	
  Counterpart Originals

  	
  41

  
	
  SECTION 11.14

  	
  Table of
  Contents, Headings, etc.

  	
  41

  

 

ii

 

INDENTURE dated as of                       ,           between Geokinetics Inc., a Delaware
corporation (the “Company”), the potential subsidiary guarantors listed on the
signature pages hereto (the “Potential Subsidiary Guarantors”), and                        , as trustee (the “Trustee”).

 

Each party agrees
as follows for the benefit of the other party and for the equal and ratable
benefit of the Holders of the Company’s unsecured debentures, notes or other
evidences of indebtedness (the “Securities”), and the related Guarantees (as
hereinafter defined), to be issued from time to time in one or more series as
provided in this Indenture:

 

ARTICLE I.

DEFINITIONS AND INCORPORATION BY REFERENCE

 

SECTION
1.01     Definitions.

 

“Additional Amounts” means any additional amounts required by the express
terms of a Security or by or pursuant to a Board Resolution, under
circumstances specified therein or pursuant thereto, to be paid by the Company
with respect to certain taxes, assessments or other governmental charges
imposed on certain Holders and that are owing to such Holders.

 

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

 

“Agent” means any Registrar or Paying Agent.

 

“Bankruptcy Law” means Title 11 of the United States Code or any
similar federal, state or foreign law for the relief of debtors.

 

“Board of Directors” means the Board of Directors of the Company or any
committee thereof duly authorized, with respect to any particular matter, to
act by or on behalf of the Board of Directors of the Company.

 

“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 that is not a Legal Holiday.

 

“Company” means the Person named as the “Company” in the first
paragraph of this instrument until a successor Person shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter “Company”
shall mean such successor Person; provided,
however, that for purposes of any provision contained herein which
is required by the TIA, “Company” shall also mean each other obligor (if any)
on the Securities of a series.

 

“Company Order” and “Company Request” mean, respectively, a written order or
request signed in the name of the Company by two Officers of the Company, and
delivered to the Trustee.

 

“Corporate Trust Office of the Trustee” means the office of the Trustee located
at                          ,
Attention:                                     , and as may be located at such other address
as the Trustee may give notice to the Company.

 

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

 

1

 

“Depositary” means, with respect to the Securities of any series
issuable or issued in whole or in part in global form, the Person specified
pursuant to Section 2.01 hereof as the initial Depositary with respect to the
Securities of such series, until a successor shall have been appointed and
become such pursuant to the applicable provision of this Indenture, and
thereafter “Depositary” shall mean or include such successor.

 

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

 

“Exchange Act” means the Securities Exchange Act of 1934, as
amended, and any successor statute.

 

“GAAP” means generally accepted accounting principles in the
United States set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and
statements and pronouncements of the Financial Accounting Standards Board or in
such other statements by such other entity as may be approved by a significant
segment of the accounting profession of the United States, as in effect from
time to time.

 

“Global Security” means a Security that is issued in global form in the
name of the Depositary with respect thereto or its nominee.

 

“Government Obligations” means, with respect to a series of Securities, direct
obligations of the government that issues the currency in which the Securities
of the series are payable for the payment of which the full faith and credit of
such government is pledged, or obligations of a Person controlled or supervised
by and acting as an agency or instrumentality of such government, the payment
of which is unconditionally guaranteed as a full faith and credit obligation by
such government.

 

“Guarantee” means the guarantee of the Company’s obligations
under the Securities of a series by a Subsidiary Guarantor (specified with
respect to such series as contemplated by Section 2.01(9)) as provided in Article
X.

 

“Holder” means a Person in whose name a Security is
registered.

 

“Indenture” means this Indenture as amended or supplemented from
time to time pursuant to the provisions hereof, and includes the terms of a
particular series of Securities established as contemplated by Section 2.01.

 

“interest” means, with respect to an Original Issue Discount
Security that by its terms bears interest only after Maturity, interest payable
after Maturity.

 

“Interest Payment Date,” when used with respect to any Security, shall have
the meaning assigned to such term in the Security as contemplated by Section 2.01.

 

“Issue Date” means, with respect to Securities of a series, the
date on which the Securities of such series are originally issued under this
Indenture.

 

“Legal Holiday” means a Saturday, a Sunday or a day on which banking
institutions in any of The City of New York, New York; Houston, Texas or a
Place of Payment are authorized or obligated by law, regulation or executive
order to remain closed.

 

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

 

“Officer” means the Chairman of the Board, the President, any
Vice Chairman of the Board, any Vice President, the Chief Financial Officer,
the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any
Assistant Secretary of a Person.

 

“Officers’ Certificate” means a certificate signed by two Officers of a
Person.

 

2

 

“Opinion of Counsel” means a written opinion from legal counsel who is
acceptable to the Trustee. Such counsel may be an employee of or counsel to the
Company or the Trustee.

 

“Original Issue Discount Security” means any Security that provides for an
amount less than the principal amount thereof to be due and payable upon a
declaration of acceleration of the Maturity thereof pursuant to Section 6.02.

 

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

 

“Place of Payment” means, with respect to the Securities of any series,
the place or places where the principal of, premium (if any) and interest on
and any Additional Amounts with respect to the Securities of that series are
payable as specified in accordance with Section 2.01 subject to the provisions
of Section 4.02.

 

“principal” of a Security means the principal of the Security
plus, when appropriate, the premium, if any, on the Security.

 

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

 

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

 

“Responsible Officer” means any officer within the corporate trust
department of the Trustee, including any vice president, assistant vice
president, assistant secretary, assistant treasurer, trust officer or any other
officer of the Trustee who customarily performs 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 such person’s
knowledge of and familiarity with the particular subject and who shall have
direct responsibility for the administration of this Indenture.

 

“Rule 144A Securities” means Securities of a series designated pursuant to Section
2.01 as entitled to the benefits of Section 4.03(b).

 

“SEC” means the Securities and Exchange Commission.

 

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

 

“Security Custodian” means, with respect to Securities of a series issued
in global form, the Trustee for Securities of such series, as custodian with
respect to the Securities of such series, or any successor entity thereto.

 

“Significant Subsidiary” means a Subsidiary of the Company that is a “significant
subsidiary” of the Company as such term is defined in Rule 1-02(w) of
Regulation S-X as of the date hereof.

 

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

 

“Subsidiary” means a Person at least a majority of the outstanding
voting stock of which is owned, directly or indirectly, by the Company or by
one or more other Subsidiaries, or by the Company and one or more other
Subsidiaries. For the purposes of this definition, “voting stock” means stock
having voting power for the election of directors, whether at all times or only
so long as no senior class of stock has such voting power by reason of any
contingency.

 

3

 

“Subsidiary
Guarantors”
means, with respect to any series of Securities, the Person or Persons, if any,
named in accordance with Section 2.01(9) as the “Subsidiary Guarantors” (i) in
or pursuant to a Board Resolution, and set forth, or determined in the manner
provided, in an Officers’ Certificate of the Company or in a Company Order, or (ii)
in an indenture supplemental hereto establishing the terms of such series of
Securities until a successor Person or Persons shall have become such pursuant
to the applicable provisions of this Indenture, and thereafter “Subsidiary
Guarantor” with respect to such series of Securities shall mean such successor
Person or Persons, in any case until the Guarantee is released pursuant to the
provisions of Article X. If a series of Securities does not have any Subsidiary
Guarantors, all references in this Indenture to the Subsidiary Guarantors shall
be ignored with respect to such series of Securities.

 

“TIA” means the Trust Indenture Act of 1939, as amended, as
in effect on the date hereof.

 

“Trustee” means the Person named as such above until a
successor replaces it in accordance with the applicable provisions of this
Indenture, and thereafter “Trustee” means each Person who is then a Trustee
hereunder, and if at any time there is more than one such Person, “Trustee” as
used with respect to the Securities of any series means the Trustee with
respect to Securities of that series.

 

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

 

“U.S. Government Obligations” means Government Obligations with
respect to Securities payable in Dollars.

 

SECTION
1.02     Other
Definitions.

 

	
  Term

  	
   

  	
  Defined

  in Section

  	
   

  
	
  “Agent Members”

  	
   

  	
  2.17

  	
   

  
	
  “Bankruptcy Custodian”

  	
   

  	
  6.01

  	
   

  
	
  “Conversion Event”

  	
   

  	
  6.01

  	
   

  
	
  “covenant defeasance”

  	
   

  	
  8.01

  	
   

  
	
  “Event of Default”

  	
   

  	
  6.01

  	
   

  
	
  “Exchange Rate”

  	
   

  	
  2.11

  	
   

  
	
  “Judgment Currency”

  	
   

  	
  6.10

  	
   

  
	
  “legal defeasance”

  	
   

  	
  8.01

  	
   

  
	
  “mandatory sinking fund payment”

  	
   

  	
  3.09

  	
   

  
	
  “optional sinking fund payment”

  	
   

  	
  3.09

  	
   

  
	
  “Paying Agent”

  	
   

  	
  2.05

  	
   

  
	
  “Registrar”

  	
   

  	
  2.05

  	
   

  
	
  “Required Currency”

  	
   

  	
  6.10

  	
   

  
	
  “Successor”

  	
   

  	
  5.01

  	
   

  

 

SECTION
1.03     Incorporation
by Reference of Trust Indenture Act.

 

Whenever this
Indenture refers to a provision of the TIA, the provision is incorporated by
reference in and made a part of this Indenture (and if the Indenture is not
qualified under the TIA at that time, as if it were so qualified unless
otherwise provided). The following TIA terms used in this Indenture have the
following meanings:

 

“Commission” means the SEC.

 

“indenture securities” means the Securities.

 

“indenture security holder” means a Holder.

 

“indenture to be qualified” means this Indenture.

 

4

 

“indenture trustee” or “institutional trustee” means the Trustee.

 

“obligor” on the indenture securities means the Company, any
Subsidiary Guarantor or any other obligor on the Securities.

 

All terms used in
this Indenture that are defined by the TIA, defined by a TIA reference to another
statute or defined by an SEC rule under the TIA have the meanings so assigned
to them.

 

SECTION
1.04     Rules
of Construction.

 

Unless the context
otherwise requires:

 

(1)           a term has the meaning assigned to
it;

 

(2)           an accounting term not otherwise defined
has the meaning assigned to it in accordance with GAAP;

 

(3)           “or” is not exclusive;

 

(4)           words in the singular include the
plural, and in the plural include the singular;

 

(5)           provisions apply to successive events
and transactions; and

 

(6)           all references in this instrument to
Articles and Sections are references to the corresponding Articles and Sections
in and of this instrument.

 

ARTICLE II.

THE SECURITIES

 

SECTION
2.01     Amount
Unlimited; Issuable in Series.

 

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

 

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

 

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

 

(2)           if there is to be a limit, the limit
upon the aggregate principal amount of the Securities of the series that may be
authenticated and delivered under this Indenture (except for Securities authenticated
and delivered upon registration of transfer of, or in exchange for, or in lieu
of, other Securities of the series pursuant to Section 2.08, 2.09, 2.12, 2.17,
3.07 or 9.05 and except for any Securities which, pursuant to Section 2.04 or
2.17, are deemed never to have been authenticated and delivered hereunder); provided, however, that unless otherwise
provided in the terms of the series, the authorized aggregate principal amount
of such series may be increased before or after the issuance of any Securities
of the series by a Board Resolution (or action pursuant to a Board Resolution)
to such effect;

 

(3)           whether any Securities of the series
are to be issuable initially in temporary global form and whether any
Securities of the series are to be issuable in permanent global form, as Global
Securities or otherwise, and, if so, whether beneficial owners of interests in
any such Global Security may exchange such interests for Securities of such
series and of like tenor of any authorized form and denomination and the
circumstances under which any such exchanges may occur, if other than in the
manner provided in Section 2.17, and the initial Depositary and Security 

 

5

 

Custodian, if any,
for any Global Security or Securities of such series;

 

(4)           the manner in which any interest
payable on a temporary Global Security on any Interest Payment Date will be
paid if other than in the manner provided in Section 2.14;

 

(5)           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;

 

(6)           the rate or rates, or the method of determination
thereof, at which the Securities of the series shall bear interest, if any,
whether and under what circumstances Additional Amounts with respect to such
Securities shall be payable, the date or dates from which such interest shall
accrue, the Interest Payment Dates on which such interest shall be payable and
the record date for the interest payable on any Securities on any Interest
Payment Date, or if other than provided herein, the Person to whom any interest
on Securities of the series shall be payable;

 

(7)           the place or places where, subject to the provisions
of Section 4.02, the principal of, premium (if any) and interest on and any
Additional Amounts with respect to the Securities of the series shall be
payable;

 

(8)           the period or periods within which,
the price or prices (whether denominated in cash, securities or otherwise) at
which and the 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 the manner in which the Company must exercise any such
option, if different from those set forth herein;

 

(9)           whether Securities of the series are entitled to the
benefits of any Guarantee of any Subsidiary Guarantor pursuant to this
Indenture, the identity of any such Subsidiary Guarantors and any terms of such
Guarantee with respect to the Securities of the series in addition to those set
forth in Article X, or any exceptions to or changes to those set forth in Article
X;

 

(10)         the obligation, if any, of the Company
to redeem, purchase or repay Securities of the series pursuant to any sinking
fund or analogous provisions or at the option of a Holder thereof and the
period or periods within which, the price or prices (whether denominated in
cash, securities or otherwise) at which and the terms and conditions upon which
Securities of the series shall be redeemed, purchased or repaid in whole or in
part pursuant to such obligation;

 

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

 

(12)         if other than Dollars, the currency or
currencies (including composite currencies) or the form, including equity
securities, other debt securities (including Securities), warrants or any other
securities or property of the Company or any other Person, in which payment of
the principal of, premium (if any) and interest on and any Additional Amounts
with respect to the Securities of the series shall be payable;

 

(13)         if the principal of, premium (if any)
or interest on or any Additional Amounts with respect to the Securities of the
series are to be payable, at the election of the Company or a Holder thereof,
in a currency or currencies (including composite currencies) other than that in
which the Securities are stated to be payable, the currency or currencies
(including composite currencies) in which payment of the principal of, premium
(if any) and interest on and any Additional Amounts with respect to Securities
of such series as to which such election is made shall be payable, and the
periods within which and the terms and conditions upon which such election is
to be made;

 

(14)         if the amount of payments of principal
of, premium (if any) and interest on and any Additional Amounts with respect to
the Securities of the series may be determined with reference to any commodities,
currencies or indices, values, rates or prices or any other index or formula,
the manner in which such amounts shall be determined;

 

(15)         if other than the entire principal
amount thereof, the portion of the principal amount of Securities of the series
that shall be payable upon declaration of acceleration of the Maturity thereof
pursuant to Section 6.02;

 

(16)         any additional means of satisfaction
and discharge of this Indenture and any additional conditions or

 

6

 

limitations to
discharge with respect to Securities of the series and the related Guarantees,
if any, pursuant to Article VIII or any modifications of or deletions from such
conditions or limitations;

 

(17)         any deletions or modifications of or
additions to the Events of Default set forth in Section 6.01 or covenants of
the Company or any Subsidiary Guarantor set forth in Article IV pertaining to
the Securities of the series;

 

(18)         any restrictions or other provisions
with respect to the transfer or exchange of Securities of the series, which may
amend, supplement, modify or supersede those contained in this Article II;

 

(19)         if the Securities of the series are to
be convertible into or exchangeable for capital stock, other debt securities
(including Securities), warrants, other equity securities or any other
securities or property of the Company, any Subsidiary Guarantor or any other
Person, at the option of the Company or the Holder or upon the occurrence of
any condition or event, the terms and conditions for such conversion or
exchange;

 

(20)         if the Securities of the series are to
be entitled to the benefit of Section 4.03(b) (and accordingly constitute Rule 144A
Securities), that fact; and

 

(21)         any other terms of the series (which
terms shall not be prohibited by the provisions of this Indenture).

 

All Securities of
any one series shall be substantially identical except as to denomination and
except as may otherwise be provided in or pursuant to the Board Resolution
referred to above and (subject to Section 2.03) set forth, or determined in the
manner provided, in the Officers’ Certificate or Company Order referred to
above or in any such indenture supplemental hereto.

 

If any of the
terms of the series are established by action taken pursuant to a Board Resolution,
a copy of an appropriate record of such action, together with such Board
Resolution, shall be set forth in an Officers’ Certificate or 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 or Company Order
setting forth the terms of the series.

 

SECTION
2.02     Denominations.

 

The Securities of
each series shall be issuable in such denominations as shall be specified as
contemplated by Section 2.01. In the absence of any such provisions with
respect to the Securities of any series, the Securities of such series
denominated in Dollars shall be issuable in denominations of $1,000 and any
integral multiples thereof.

 

SECTION
2.03     Forms
Generally.

 

The Securities of
each series shall be in fully registered form and in substan­tially such form
or forms (including temporary or permanent global form) established by or
pursuant to a Board Resolution or in one or more indentures supplemental
hereto. The Securities may have notations, legends or endorsements required by
law, securities exchange rule, the Company’s certificate of incorporation,
bylaws or other similar governing documents, agreements to which the Company is
subject, if any, or usage (provided that any such notation, legend or
endorsement is in a form acceptable to the Company). A copy of the Board
Resolution establishing the form or forms of Securities of any series shall be
delivered to the Trustee at or prior to the delivery of the Company Order contemplated
by Section 2.04 for the authentication and delivery of such Securities.

 

The definitive
Securities of each series 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 thereof.

 

The Trustee’s
certificate of authentication shall be in substantially the following form:

 

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

 

7

 

	
   

  	
  ,as
  Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  Authorized Signatory”.

  

 

SECTION
2.04     Execution,
Authentication, Delivery and Dating.

 

Two Officers of
the Company shall sign the Securities on behalf of the Company and, with
respect to any related Guarantee, an Officer of each Subsidiary Guarantor shall
sign the Notation of Guarantee on behalf of such Subsidiary Guarantor, in each
case by manual or facsimile signature. If an Officer of the Company whose
signature is on a Security no longer holds that office at the time the Security
is authenticated, the Security shall be valid nevertheless.

 

A Security shall
not be entitled to any benefit under this Indenture or the related Guarantees,
if any, or be valid or obligatory for any purpose until authenticated by the
manual signature of an authorized signatory of the Trustee, which signature
shall be conclusive evidence that the Security has been authenticated under
this Indenture. Notwithstanding the foregoing, if any Security has been
authenticated and delivered hereunder but never issued and sold by the Company,
and the Company delivers such Security to the Trustee for cancellation as
provided in Section 2.13, together with a written statement (which need not
comply with Section 11.05 and need not be accompanied by an Opinion of Counsel)
stating that such Security has never been issued and sold by the Company, for
all purposes of this Indenture such Security shall be deemed never to have been
authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture or the related Guarantees, if any.

 

At any time and
from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series executed by the Company to the
Trustee for authentication, and the Trustee shall authenticate and deliver such
Securities for original issue upon a Company Order for the authentication and
delivery of such Securities or pursuant to such procedures acceptable to the
Trustee as may be specified from time to time by Company Order. Such order
shall specify the amount of the Securities to be authenticated, the date on
which the original issue of Securities is to be authenticated, the name or
names of the initial Holder or Holders and any other terms of the Securities of
such series not otherwise determined. If provided for in such procedures, such
Company Order may authorize (1) authentication and delivery of Securities of
such series for original issue from time to time, with certain terms
(including, without limitation, the Maturity dates or dates, original issue
date or dates and interest rate or rates) that differ from Security to Security
and (2) may authorize authentication and delivery pursuant to oral or electronic
instructions from the Company or its duly authorized agent, which instructions
shall be promptly confirmed in writing.

 

If the form or
terms of the Securities of the series have been established in or pursuant to
one or more Board Resolutions as permitted by Section 2.01, in authenticating
such Securities, and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall be entitled to
receive (in addition to the Company Order referred to above and the other
documents required by Section 11.04), and (subject to Section 7.01) shall be
fully protected in relying upon:

 

(a)                                an Officers’ Certificate setting forth
the Board Resolution and, if applicable, an appropriate record of any action
taken pursuant thereto, as contemplated by the last paragraph of Section 2.01;
and

 

(b)                               an Opinion of Counsel to the effect that:

 

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

 

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

 

8

 

(iii)          that such Securities and the related Guarantees, if
any, when authenticated and delivered by the Trustee and issued by the Company
in the manner and subject to any conditions specified in such Opinion of
Counsel, will constitute valid and binding obligations of the Company and the
Subsidiary Guarantors, respectively, enforceable against the Company and the
Subsidiary Guarantors, respectively, in accordance with their respective terms,
except as the enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance or other similar
laws in effect from time to time affecting the rights of creditors generally,
and the application of general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law).

 

If all the
Securities of any series are not to be issued at one time, it shall not be
necessary to deliver an Officers’ Certificate and Opinion of Counsel at the
time of issuance of each such Security, but such Officers’ Certificate and
Opinion of Counsel shall be delivered at or before the time of issuance of the
first Security of the series to be issued.

 

The Trustee shall
not be required to authenticate such Securities if the issuance of such
Securities pursuant to this Indenture would affect the Trustee’s own rights,
duties or immunities under the Securities and this Indenture or otherwise in a
manner not reasonably acceptable to the Trustee.

 

The Trustee may
appoint an authenticating agent acceptable to the Company to authenticate
Securities. Unless limited by the terms of such appointment, an authenticating
agent may authenticate Securities whenever the Trustee may do so. Each
reference in this Indenture to authentication by the Trustee includes
authentication by such agent. An authenticating agent has the same rights as an
Agent to deal with the Company, any Subsidiary Guarantor or any other Affiliate
of the Company.

 

Each Security
shall be dated the date of its authentication.

 

SECTION
2.05     Registrar
and Paying Agent.

 

The Company shall
maintain an office or agency for each series of Securities where Securities of
such series may be presented for registration of transfer or exchange (“Registrar”)
and an office or agency where Securities of such series may be presented for
payment (“Paying Agent”). The Registrar shall keep a register of the Securities
of such series and of their transfer and exchange. The Company may appoint one
or more co-registrars and one or more additional paying agents. The term “Registrar”
includes any co-registrar and the term “Paying Agent” includes any additional
paying agent.

 

The Company shall
enter into an appropriate agency agreement with any Registrar or Paying Agent
not a party to this Indenture. The agreement shall implement the provisions of
this Indenture that relate to such Agent. The Company shall notify the Trustee
of the name and address of any Agent not a party to this Indenture. The Company
may change any Paying Agent or Registrar without notice to any Holder. If the
Company fails to appoint or maintain another entity as Registrar or Paying
Agent, the Trustee shall act as such. The Company or any Subsidiary may act as
Paying Agent or Registrar.

 

The Company
initially appoints the Trustee as Registrar and Paying Agent.

 

SECTION
2.06     Paying
Agent to Hold Money in Trust.

 

The Company shall
require each Paying Agent other than the Trustee to agree in writing that the
Paying Agent will hold in trust for the benefit of Holders or the Trustee all
money held by the Paying Agent for the payment of principal of, premium, if
any, or interest on or any Additional Amounts with respect to Securities and
will notify the Trustee of any default by the Company in making any such
payment. While any such default continues, the Trustee may require a Paying
Agent to pay all money held by it to the Trustee and to account for any funds
disbursed. The Company at any time may require a Paying Agent to pay all money
held by it to the Trustee and to account for any funds disbursed. Upon payment
over to the Trustee and upon accounting for any funds disbursed, the Paying
Agent (if other than the Company, a Subsidiary Guarantor or another Subsidiary)
shall have no further liability for the money. If the Company or a Subsidiary
acts as Paying Agent, it shall segregate and hold in a separate trust fund for
the benefit of the Holders all money held by it as Paying Agent. Each Paying
Agent shall otherwise comply with 

 

9

 

TIA § 317(b).

 

SECTION
2.07     Holder  Lists.

 

The Trustee shall
preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of Holders and shall otherwise
comply with TIA § 312(a). If the Trustee is not the Registrar with respect to a
series of Securities, the Company shall furnish to the Trustee at least five
Business Days before each Interest Payment Date with respect to such series of
Securities, and at such other times as the Trustee may request in writing, a
list in such form and as of such date as the Trustee may reasonably require of
the names and addresses of Holders of such series, and the Company shall
otherwise comply with TIA § 312(a).

 

SECTION
2.08     Transfer
and Exchange.

 

Except as set
forth in Section 2.17 or as may be provided pursuant to Section 2.01:

 

When Securities of
any series are presented to the Registrar with the request to register the
transfer of such Securities or to exchange such Securities for an equal
principal amount of Securities of the same series of like tenor and of other
authorized denominations, the Registrar shall register the transfer or make the
exchange as requested if its requirements and the requirements of this
Indenture for such transactions are met; provided,
however, that the Securities presented or surrendered for
registration of transfer or exchange shall be duly endorsed or accompanied by a
written instruction of transfer in form reasonably satisfactory to the
Registrar duly executed by the Holder thereof or by his attorney, duly
authorized in writing, on which instruction the Registrar can rely.

 

To permit
registrations of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Securities at the Registrar’s written request and
submission of the Securities or Global Securities. No service charge shall be
made to a Holder for any registration of transfer or exchange (except as
otherwise expressly permitted herein), but the Company may require payment of a
sum sufficient to cover any transfer tax or similar governmental charge payable
in connection therewith (other than such transfer tax or similar governmental
charge payable upon exchanges pursuant to Section 2.12, 3.07 or 9.05). The
Trustee shall authenticate Securities in accordance with the provisions of Section
2.04. Notwithstanding any other provisions of this Indenture to the contrary,
the Company shall not be required to register the transfer or exchange of (a) any
Security selected for redemption in whole or in part pursuant to Article III,
except the unredeemed portion of any Security being redeemed in part, or (b) any
Security during the period beginning 15 Business Days prior to the mailing of
notice of any offer to repurchase Securities of the series required pursuant to
the terms thereof or of redemption of Securities of a series to be redeemed and
ending at the close of business on the day of mailing.

 

SECTION 2.02     Replacement
Securities.

 

If any mutilated
Security is surrendered to the Trustee, or if the Holder of a Security claims
that the Security has been destroyed, lost or stolen and the Company and the
Trustee receive evidence to their satisfaction of the destruction, loss or
theft of such Security, the Company shall issue and the Trustee shall
authenticate a replacement Security of the same series if the Trustee’s
requirements are met. If any such mutilated, destroyed, lost or stolen Security
has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security. If required by the
Trustee, any Subsidiary Guarantor or the Company, such Holder must furnish an
indemnity bond that is sufficient in the judgment of the Trustee and the
Company to protect the Company, each Subsidiary Guarantor, the Trustee, any
Agent or any authenticating agent from any loss that any of them may suffer if
a Security is replaced. The Company and the Trustee may charge a Holder for
their expenses in replacing a Security.

 

Every replacement
Security is an additional obligation of the Company.

 

SECTION
2.10     Outstanding
Securities.

 

The Securities
outstanding at any time are all the Securities authenticated by the Trustee except
for those canceled 

 

10

 

by it, those
delivered to it for cancellation, those reductions in the interest in a Global
Security effected by the Trustee hereunder and those described in this Section 2.10
as not outstanding.

 

If a Security is
replaced pursuant to Section 2.09, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Security is held by
a bona fide purchaser.

 

If the principal
amount of any Security is considered paid under Section 4.01, it ceases to be
outstanding and interest on it ceases to accrue.

 

A Security does
not cease to be outstanding because the Company, a Subsidiary Guarantor or
another Affiliate of the Company or an Affiliate of a Subsidiary Guarantor
holds the Security.

 

SECTION
2.11     Original
Issue Discount, Foreign-Currency Denominated and Treasury Securities.

 

In determining
whether the Holders of the required principal amount of Securities have
concurred in any direction, amendment, supplement, waiver or consent, (a) the
principal amount of an Original Issue Discount Security shall be the principal
amount thereof that would be due and payable as of the date of such
determination upon acceleration of the Maturity thereof pursuant to Section 6.02,
(b) the principal amount of a Security denominated in a foreign currency shall
be the Dollar equivalent, as determined by the Company by reference to the noon
buying rate in The City of New York for cable transfers for such currency, as
such rate is certified for customs purposes by the Federal Reserve Bank of New
York (the “Exchange Rate”) on the date of original issuance of such Security,
of the principal amount (or, in the case of an Original Issue Discount
Security, the Dollar equivalent, as determined by the Company by reference to
the Exchange Rate on the date of original issuance of such Security, of the
amount determined as provided in (a) above), of such Security and (c) Securities
owned by the Company, a Subsidiary Guarantor or any other obligor upon the
Securities or any Affiliate of the Company or a Subsidiary Guarantor or of such
other obligor shall be disregarded, except that, for the purpose of determining
whether the Trustee shall be protected in relying upon any such direction, amendment,
supplement, waiver or consent, only Securities that a Responsible Officer of
the Trustee actually knows are so owned shall be so disregarded.

 

SECTION
2.12     Temporary
Securities.

 

Until definitive
Securities of any series are ready for delivery, the Company may prepare and
the Trustee shall authenticate temporary Securities. Temporary Securities shall
be substantially in the form of definitive Securities, but may have variations
that the Company considers appropriate for temporary Securities. Without unreasonable
delay, the Company shall prepare and the Trustee shall authenticate definitive
Securities in exchange for temporary Securities. Until so exchanged, the
temporary Securities shall in all respects be entitled to the same benefits
under this Indenture as definitive Securities.

 

SECTION 2.13     Cancellation.

 

The Company or any
Subsidiary Guarantor at any time may deliver Securities to the Trustee for
cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Securities surrendered to them for registration of transfer, exchange,
payment or redemption or for credit against any sinking fund payment. The
Trustee shall cancel all Securities surrendered for registration of transfer,
exchange, payment, redemption, replacement or cancellation or for credit
against any sinking fund. Unless the Company shall direct in writing that
canceled Securities be returned to it, after written notice to the Company all
canceled Securities held by the Trustee shall be disposed of in accordance with
the usual disposal procedures of the Trustee, and the Trustee shall maintain a
record of their disposal. The Company may not issue new Securities to replace
Securities that have been paid or that have been delivered to the Trustee for
cancellation.

 

SECTION 2.14     Payments;
Defaulted Interest.

 

Unless otherwise
provided as contemplated by Section 2.01, interest (except defaulted interest)
on any Security that is payable, and is punctually paid or duly provided for,
on any Interest Payment Date shall be paid to the Persons 

 

11

 

who are registered
Holders of that Security at the close of business on the record date next
preceding such Interest Payment Date, even if such Securities are canceled
after such record date and on or before such Interest Payment Date. The Holder
must surrender a Security to a Paying Agent to collect principal payments.
Unless otherwise provided with respect to the Securities of any series, the
Company will pay the principal of, premium (if any) and interest on and any
Additional Amounts with respect to the Securities in Dollars. Such amounts
shall be payable at the offices of the Trustee or any Paying Agent, provided that at the option of the
Company, the Company may pay such amounts (1) by wire transfer with respect to
Global Securities or (2) by check payable in such money mailed to a Holder’s
registered address with respect to any Securities.

 

If the Company
defaults in a payment of interest on the Securities of any series, the Company
shall pay the defaulted interest in any lawful manner plus, to the extent
lawful, interest on the defaulted interest, in each case at the rate provided
in the Securities of such series and in Section 4.01. The Company may pay the
defaulted interest to the Persons who are Holders on a subsequent special
record date. At least 15 days before any special record date selected by the
Company, the Company (or the Trustee, in the name of and at the expense of the
Company upon 20 days’ prior written notice from the Company setting forth such
special record date and the interest amount to be paid) shall mail to Holders a
notice that states the special record date, the related payment date and the
amount of such interest to be paid.

 

SECTION 2.15     Persons
Deemed Owners.

 

The Company, the
Subsidiary Guarantors, the Trustee, any Agent and any authenticating agent may
treat the Person in whose name any Security is registered as the owner of such
Security for the purpose of receiving payments of principal of, premium (if
any) or interest on or any Additional Amounts with respect to such Security and
for all other purposes. None of the Company, any Subsidiary Guarantor, the
Trustee, any Agent or any authenticating agent shall be affected by any notice
to the contrary.

 

SECTION 2.16     Computation
of Interest.

 

Except as
otherwise specified as contemplated by Section 2.01 for Securities of any
series, interest on the Securities of each series shall be computed on the
basis of a year comprising twelve 30-day months.

 

SECTION 2.17     Global Securities;
Book-Entry Provisions.

 

If Securities of a
series are issuable in global form as a Global Security, as contemplated by Section
2.01, then, notwithstanding clause (10) of Section 2.01 and the provisions of Section
2.02, any such Global Security shall represent such of the outstanding
Securities of such series as shall be specified therein and may provide that it
shall represent the aggregate amount of outstanding Securities from time to
time endorsed thereon and that the aggregate amount of outstanding Securities
represented thereby may from time to time be reduced or increased, as
appropriate, to reflect exchanges, transfers or redemptions. Any endorsement of
a Global Security to reflect the amount, or any increase or decrease in the
amount, of outstanding Securities represented thereby shall be made by the
Trustee (i) in such manner and upon instructions given by such Person or
Persons as shall be specified in such Security or in a Company Order to be
delivered to the Trustee pursuant to Section 2.04 or (ii) otherwise in
accordance with written instructions or such other written form of instructions
as is customary for the Depositary for such Security, from such Depositary or
its nominee on behalf of any Person having a beneficial interest in such Global
Security. Subject to the provisions of Section 2.04 and, if applicable, Section
2.12, the Trustee shall deliver and redeliver any Security in permanent global
form in the manner and upon instructions given by the Person or Persons
specified in such Security or in the applicable Company Order. With respect to
the Securities of any series that are represented by a Global Security, the
Company and the Subsidiary Guarantors authorize the execution and delivery by
the Trustee of a letter of representations or other similar agreement or
instrument in the form customarily provided for by the Depositary appointed
with respect to such Global Security. Any Global Security may be deposited with
the Depositary or its nominee, or may remain in the custody of the Trustee or
the Security Custodian therefor pursuant to a FAST Balance Certificate
Agreement or similar agreement between the Trustee and the Depositary. If a
Company Order has been, or simultaneously is, delivered, any instructions by
the Company with respect to endorsement or delivery or redelivery of a Security
in global form shall be in writing but need not comply with 

 

12

 

Section 11.05 and
need not be accompanied by an Opinion of Counsel.

 

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 or the Security Custodian as its custodian, or under
such Global Security, and the Depositary may be treated by the Company, any
Subsidiary Guarantor, the Trustee or the Security Custodian and any agent of
the Company, any Subsidiary Guarantor, the Trustee or the Security Custodian as
the absolute owner of such Global Security for all purposes whatsoever.
Notwithstanding the foregoing, (i) the registered holder of a Global Security
of a series may grant proxies and otherwise authorize any Person, including
Agent Members and Persons that may hold interests through Agent Members, to
take any action that a Holder of Securities of such series is entitled to take
under this Indenture or the Securities of such series and (ii) nothing herein
shall prevent the Company, any Subsidiary Guarantor, the Trustee or the
Security Custodian, or any agent of the Company, any Subsidiary Guarantor, the
Trustee or the Security Custodian, from giving effect to any written
certification, proxy or other authorization furnished by the Depositary or
shall impair, as between the Depositary and its Agent Members, the operation of
customary practices governing the exercise of the rights of a beneficial owner
of any Security.

 

Notwithstanding Section
2.08, and except as otherwise provided pursuant to Section 2.01: Transfers of a
Global Security shall be limited to transfers of such Global Security in whole,
but not in part, to the Depositary, its successors or their respective
nominees. Interests of beneficial owners in a Global Security may be
transferred in accordance with the rules and procedures of the Depositary.
Securities shall be transferred to all beneficial owners in exchange for their
beneficial interests in a Global Security if, and only if, either (1) the
Depositary notifies the Company that it is unwilling or unable to continue as
Depositary for the Global Security and a successor Depositary is not appointed
by the Company within 90 days of such notice, (2) an Event of Default has
occurred with respect to such series and is continuing and the Registrar has
received a request from the Depositary to issue Securities in lieu of all or a
portion of the Global Security (in which case the Company shall deliver
Securities within 30 days of such request) or (3) the Company determines not to
have the Securities represented by a Global Security.

 

In connection with
any transfer of a portion of the beneficial interests in a Global Security to
beneficial owners pursuant to this Section 2.17, the Registrar shall reflect on
its books and records the date and a decrease in the principal amount of the
Global Security in an amount equal to the principal amount of the beneficial
interests in the Global Security to be transferred, and the Company shall
execute, and the Trustee upon receipt of a Company Order for the authentication
and delivery of Securities shall authenticate and deliver, one or more
Securities of the same series of like tenor and amount.

 

In connection with
the transfer of all the beneficial interests in a Global Security to beneficial
owners pursuant to this Section 2.17, the 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 interests in the Global
Security, an equal aggregate principal amount of Securities of authorized
denominations.

 

None of the
Company, any Subsidiary Guarantor or the Trustee will have any responsibility
or liability for any aspect of the records relating to, or payments made on
account of, Securities by the Depositary, or for maintaining, supervising or
reviewing any records of the Depositary relating to such Securities. None of
the Company, any Subsidiary Guarantor or the Trustee shall be liable for any
delay by the related Global Security Holder or the Depositary in identifying
the beneficial owners, and each such Person may conclusively rely on, and shall
be protected in relying on, instructions from such Global Security Holder or
the Depositary for all purposes (including with respect to the registration and
delivery, and the respective principal amounts, of the Securities to be
issued).

 

The provisions of
the last sentence of the third paragraph of Section 2.04 shall apply to any
Global Security if such Global Security was never issued and sold by the
Company and the Company or a Subsidiary Guarantor delivers to the Trustee the
Global Security together with written instructions (which need not comply with Section
11.05 and need not be accompanied by an Opinion of Counsel) with regard to the
cancellation or reduction in the principal amount of Securities represented
thereby, together with the written statement contemplated by the last sentence
of the third paragraph of Section 2.04.

 

Notwithstanding
the provisions of Sections 2.03 and 2.14, unless otherwise specified as
contemplated by Section 

 

13

 

2.01, payment of
principal of, premium (if any) and interest on and any Additional Amounts with
respect to any Global Security shall be made to the Person or Persons specified
therein.

 

ARTICLE III.

REDEMPTION

 

SECTION 3.01     Applicability
of Article.

 

Securities of any
series that are redeemable before their Stated Maturity shall be redeemable in
accordance with their terms and (except as otherwise specified as contemplated
by Section 2.01 for Securities of any series) in accordance with this Article III.

 

SECTION 3.02     Notice
to the Trustee.

 

If the Company
elects to redeem Securities of any series pursuant to this Indenture, it shall
notify the Trustee of the Redemption Date and the principal amount of
Securities of such series to be redeemed. The Company shall so notify the
Trustee at least 45 days before the Redemption Date (unless a shorter notice
shall be satisfactory to the Trustee) by delivering to the Trustee an Officers’
Certificate stating that such redemption will comply with the provisions of
this Indenture and of the Securities of such series. Any such notice may be
canceled at any time prior to the mailing of such notice of such redemption to
any Holder and shall thereupon be void and of no effect.

 

SECTION 3.03     Selection
of Securities To Be Redeemed.

 

If less than all
the Securities of any series are to be redeemed (unless all of the Securities
of such series of a specified tenor are to be redeemed), the particular
Securities to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee from the outstanding Securities of such series
(and tenor) not previously called for redemption, either pro rata, by lot or by
such other method as the Trustee shall deem fair and appropriate and that may
provide for the selection for redemption of portions (equal to the minimum
authorized denomination for Securities of that series or any integral multiple
thereof) of the principal amount of Securities of such series of a denomination
larger than the minimum authorized denomination for Securities of that series
or of the principal amount of Global Securities of such series.

 

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

 

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

 

SECTION 3.04     Notice
of Redemption.

 

Notice of
redemption shall be given by first-class mail, postage prepaid, mailed not less
than 30 nor more than 60 days prior to the Redemption Date, to each Holder of
Securities to be redeemed, at the address of such Holder appearing in the
register of Securities maintained by the Registrar.

 

All notices of
redemption shall identify the Securities to be redeemed and shall state:

 

(1)           the Redemption Date;

 

(2)           the Redemption Price;

 

(3)           that, unless the Company and the
Subsidiary Guarantors default in making the redemption payment, interest on
Securities called for redemption ceases to accrue on and after the Redemption
Date, and the 

 

14

 

only remaining
right of the Holders of such Securities is to receive payment of the Redemption
Price upon surrender to the Paying Agent of the Securities redeemed;

 

(4)           if any Security is to be redeemed in
part, the portion of the principal amount thereof to be redeemed and that on
and after the Redemption Date, upon surrender for cancellation of such Security
to the Paying Agent, a new Security or Securities in the aggregate principal
amount equal to the unredeemed portion thereof will be issued without charge to
the Holder;

 

(5)           that Securities called for redemption
must be surrendered to the Paying Agent to collect the Redemption Price and the
name and address of the Paying Agent;

 

(6)           that the redemption is for a sinking
or analogous fund, if such is the case; and

 

(7)           the CUSIP number, if any, relating to
such Securities.

 

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

 

SECTION 3.05     Effect
of Notice of Redemption.

 

Once notice of
redemption is mailed, Securities called for redemption become due and payable
on the Redemption Date and at the Redemption Price. Upon surrender to the
Paying Agent, such Securities called for redemption shall be paid at the
Redemption Price, but interest installments whose maturity is on or prior to
such Redemption Date will be payable on the relevant Interest Payment Dates to
the Holders of record at the close of business on the relevant record dates
specified pursuant to Section 2.01.

 

SECTION 3.06     Deposit
of Redemption Price.

 

On or prior to
11:00 a.m., New York City time, on any Redemption Date, the Company or a
Subsidiary Guarantor shall deposit with the Trustee or the Paying Agent (or, if
the Company or a Subsidiary Guarantor is acting as the Paying Agent, segregate
and hold in trust as provided in Section 2.06) an amount of money in same day
funds sufficient to pay the Redemption Price of, and (except if the Redemption
Date shall be an Interest Payment Date) accrued interest on and any Additional
Amounts with respect to, the Securities or portions thereof which are to be
redeemed on that date, other than Securities or portions thereof called for
redemption on that date which have been delivered by the Company or a
Subsidiary Guarantor to the Trustee for cancellation.

 

If the Company or
a Subsidiary Guarantor complies with the preceding paragraph, then, unless the
Company or the Subsidiary Guarantors default in the payment of such Redemption
Price, interest on the Securities to be redeemed will cease to accrue on and
after the applicable Redemption Date, whether or not such Securities are
presented for payment, and the Holders of such Securities shall have no further
rights with respect to such Securities except for the right to receive the
Redemption Price upon surrender of such Securities. If any Security called for
redemption shall not be so paid upon surrender thereof for redemption, the
principal, premium, if any, any Additional Amounts, and, to the extent lawful,
accrued interest thereon shall, until paid, bear interest from the Redemption
Date at the rate specified pursuant to Section 2.01 or provided in the
Securities or, in the case of Original Issue Discount Securities, such
Securities’ yield to maturity.

 

SECTION
3.07     Securities
Redeemed or Purchased in Part.

 

Upon surrender to
the Paying Agent of a Security to be redeemed in part, the Company shall
execute and the Trustee shall authenticate and deliver to the Holder of such
Security without service charge a new Security or Securities, of the same
series and of any authorized denomination as requested by such Holder in
aggregate principal amount equal to, and in exchange for, the unredeemed
portion of the principal of the Security so surrendered that is not redeemed.

 

15

 

SECTION 3.08              Purchase of Securities.

 

Unless otherwise specified as contemplated by Section 2.01,
the Company, any Subsidiary Guarantor or any Affiliate of the Company or any
Subsidiary Guarantor may, subject to applicable law, at any time purchase or
otherwise acquire Securities in the open market or by private agreement. Any
such acquisition shall not operate as or be deemed for any purpose to be a
redemption of the indebtedness represented by such Securities. Any Securities
purchased or acquired by the Company or a Subsidiary Guarantor may be delivered
to the Trustee and, upon such delivery, the indebtedness represented thereby
shall be deemed to be satisfied. Section 2.13 shall apply to all
Securities so delivered.

 

SECTION 3.09              Mandatory and Optional Sinking Funds.

 

The minimum amount
of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “mandatory sinking fund payment,” and any
payment in excess of such minimum amount provided for by the terms of Securities
of any series is herein referred to as an “optional sinking fund payment.”
Unless otherwise provided by the terms of Securities of any series, the cash
amount of any sinking fund payment may be subject to reduction as provided in Section 3.10.
Each sinking fund payment shall be applied to the redemption of Securities of
any series as provided for by the terms of Securities of such series and by
this Article III.

 

SECTION 3.10              Satisfaction of Sinking Fund Payments with Securities.

 

The Company or a
Subsidiary Guarantor may deliver outstanding Securities of a series (other than
any previously called for redemption) and may apply as a credit Securities of a
series that have been redeemed either at the election of the Company pursuant
to the terms of such Securities or through the application of permitted
optional sinking fund payments pursuant to the terms of such Securities, in
each case in satisfaction of all or any part of any sinking fund payment with
respect to the Securities of such series required to be made pursuant to the
terms of such series of Securities; provided
that such Securities have not been previously so credited. Such Securities
shall be received and credited for such purpose by the Trustee at the
Redemption Price specified in such Securities for redemption through operation
of the sinking fund and the amount of such sinking fund payment shall be
reduced accordingly.

 

SECTION 3.11              Redemption of Securities for Sinking Fund.

 

Not less than 45
days prior (unless a shorter period shall be satisfactory to the Trustee) to
each sinking fund payment date for any series of Securities, the Company will
deliver to the Trustee an Officers’ Certificate of the Company specifying the
amount of the next ensuing sinking fund payment for that series pursuant to the
terms of that series, the portion thereof, if any, which is to be satisfied by
payment of cash and the portion thereof, if any, which is to be satisfied by
delivery of or by crediting Securities of that series pursuant to Section 3.10
and will also deliver or cause to be delivered to the Trustee any Securities to
be so delivered. Failure of the Company to timely deliver or cause to be
delivered such Officers’ Certificate and Securities specified in this
paragraph, if any, shall not constitute a default but shall constitute the
election of the Company (i) that the mandatory sinking fund payment for
such series due on the next succeeding sinking fund payment date shall be paid
entirely in cash without the option to deliver or credit Securities of such
series in respect thereof and (ii) that the Company will make no optional
sinking fund payment with respect to such series as provided in this Section.

 

If the sinking
fund payment or payments (mandatory or optional or both) to be made in cash on
the next succeeding sinking fund payment date plus any unused balance of any
preceding sinking fund payments made in cash shall exceed $100,000 (or the
Dollar equivalent thereof based on the applicable Exchange Rate on the date of
original issue of the applicable Securities) or a lesser sum if the Company
shall so request with respect to the Securities of any particular series, such
cash shall be applied on the next succeeding sinking fund payment date to the
redemption of Securities of such series at the sinking fund redemption price
together with accrued interest to the date fixed for redemption. If such amount
shall be $100,000 (or the Dollar equivalent thereof as aforesaid) or less and
the Company makes no such request then it shall be carried over until a sum in
excess of $100,000 (or the Dollar equivalent thereof as aforesaid) is
available. Not less than 30 days before each such sinking fund payment date,
the Trustee shall select the Securities to be redeemed upon such sinking fund
payment date in the manner specified in 

 

16

 

Section 3.03
and cause notice of the redemption thereof to be given in the name of and at
the expense of the Company in the manner provided in Section 3.04. Such
notice having been duly given, the redemption of such Securities shall be made
upon the terms and in the manner stated in Sections 3.05, 3.06 and 3.07.

 

ARTICLE IV.

COVENANTS

 

SECTION 4.01              Payment of Securities.

 

The Company shall
pay the principal of, premium (if any) and interest on and any Additional
Amounts with respect to the Securities of each series on the dates and in the
manner provided in the Securities of such series and in this Indenture.
Principal, premium, interest and any Additional Amounts shall be considered paid
on the date due if the Paying Agent (other than the Company, a Subsidiary
Guarantor or other Subsidiary) holds on that date money deposited by the
Company or a Subsidiary Guarantor designated for and sufficient to pay all
principal, premium, interest and any Additional Amounts then due.

 

The Company shall
pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal and premium (if any), at a rate equal to
the then applicable interest rate on the Securities to the extent lawful; and
it shall pay interest (including post-petition interest in any proceeding under
any Bankruptcy Law) on overdue installments of interest and any Additional
Amount (without regard to any applicable grace period) at the same rate to the
extent lawful.

 

SECTION 4.02              Maintenance of Office or Agency.

 

The Company will
maintain in each Place of Payment for any series of Securities an office or
agency (which may be an office of the Trustee, the Registrar or the Paying
Agent) where Securities of that series may be presented for registration of
transfer or exchange, where Securities of that series may be presented for
payment and where notices and demands to or upon the Company or a Subsidiary
Guarantor in respect of the Securities of that series and this Indenture may be
served. Unless otherwise designated by the Company by written notice to the
Trustee and the Subsidiary Guarantors, such office or agency shall be the
office of the Trustee in The City of New York, which on the date hereof is
located at                            .
The Company will give prompt written notice to the Trustee and the Subsidiary
Guarantors 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 and the Subsidiary
Guarantors with the address thereof, such presentations, surrenders, notices
and demands may be made or served at the Corporate Trust Office of the Trustee.

 

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

 

SECTION 4.03              SEC Reports; Financial Statements.

 

(a)                                  If the Company is subject to the
requirements of Section 13 or 15(d) of the Exchange Act, the Company
shall file with the Trustee, within 15 days after it files the same with the
SEC, copies of the annual reports and the information, documents and other
reports (or copies of such portions of any of the foregoing as the SEC may by rules and
regulations prescribe) that the Company is required to file with the SEC
pursuant to Section 13 or 15(d) of the Exchange Act. If this
Indenture is qualified under the TIA, but not otherwise, the Company shall also
comply with the provisions of TIA § 314(a). Delivery of such reports,
information and documents to the Trustee shall be for informational purposes
only, and the Trustee’s receipt thereof shall not constitute constructive
notice of any information contained therein or determinable from information contained
therein, including the Company’s and the 

 

17

 

Subsidiary
Guarantors’ compliance with any of their covenants hereunder (as to which the
Trustee is entitled to rely exclusively on Officers’ Certificates or
certificates delivered pursuant to Section 4.04).

 

(b)                                 If the Company is not subject to the
requirements of Section 13 or 15(d) of the Exchange Act, the Company
shall furnish to all Holders of Rule 144A Securities and prospective
purchasers of Rule 144A Securities designated by the Holders of Rule 144A
Securities, promptly upon their request, the information required to be
delivered pursuant to Rule 144A(d)(4) promulgated under the
Securities Act of 1933, as amended.

 

SECTION 4.04              Compliance Certificate.

 

(a)                                  Each of the Company and the Subsidiary
Guarantors shall deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, a statement signed by an Officer of the Company and
each Subsidiary Guarantor, respectively, which need not constitute an Officers’
Certificate, complying with TIA § 314(a)(4) and stating that in the course
of performance by the signing Officer of his duties as such Officer of the
Company or such Subsidiary Guarantor, as the case may be, he would normally obtain
knowledge of the keeping, observing, performing and fulfilling by the Company
or such Subsidiary Guarantor, as the case may be, of its obligations under this
Indenture, and further stating that to the best of his knowledge the Company or
such Subsidiary Guarantor, as the case may be, has kept, observed, performed
and fulfilled each and every covenant contained in this Indenture and is not in
default in the performance or observance of any of the terms, provisions and
conditions hereof (or, if a Default or Event of Default shall have occurred,
describing all such Defaults or Events of Default of which such Officer may
have knowledge and what action the Company or such Subsidiary Guarantor, as the
case may be, is taking or proposes to take with respect thereto).

 

(b)                                 The Company or any Subsidiary Guarantor
shall, so long as Securities of any series are outstanding, deliver to the
Trustee, forthwith upon any Officer of the Company or such Subsidiary
Guarantor, as the case may be, becoming aware of any Default or Event of
Default under this Indenture, an Officers’ Certificate specifying such Default
or Event of Default and what action the Company or such Subsidiary Guarantor,
as the case may be, is taking or proposes to take with respect thereto.

 

SECTION 4.05              Corporate Existence.

 

Subject to Article V,
the Company shall do or cause to be done all things necessary to preserve and
keep in full force and effect its existence.

 

SECTION 4.06              Waiver of Stay, Extension or Usury Laws.

 

Each of the
Company and the Subsidiary Guarantors covenants (to the extent that it may
lawfully do so) that it will not at any time insist upon, or plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay or
extension law or any usury law or other law that would prohibit or forgive it
from paying all or any portion of the principal of or interest on the
Securities as contemplated herein, wherever enacted, now or at any time
hereafter in force, or which may affect the covenants or the performance of
this Indenture; and (to the extent that it may lawfully do so) each of the
Company and the Subsidiary Guarantors hereby expressly waives all benefit or
advantage of any such law, and covenants that it will not hinder, delay or
impede the execution of any power herein granted to the Trustee, but will
suffer and permit the execution of every such power as though no such law had
been enacted.

 

SECTION 4.07              Additional Amounts.

 

If the Securities
of a series expressly provide for the payment of Additional Amounts, the Company
will pay to the Holder of any Security of such series Additional Amounts as
expressly provided therein. Whenever in this Indenture there is mentioned, in
any context, the payment of the principal of or any premium or interest on, or
in respect of, any Security of any series or the net proceeds received from the
sale or exchange of any Security of any series, such mention shall be deemed to
include mention of the payment of Additional Amounts provided for in this Section 4.07
to the extent that, in such context, Additional Amounts are, were or would be
payable in respect thereof pursuant to the provisions of this Section 4.07
and express mention of the payment of Additional Amounts (if applicable) in any

 

18

 

provisions hereof
shall not be construed as excluding Additional Amounts in those provisions
hereof where such express mention is not made.

 

ARTICLE V.

SUCCESSORS

 

SECTION 5.01              Limitations on Mergers and Consolidations.

 

Neither the
Company nor any Subsidiary Guarantor shall, in any transaction or series of
transactions, consolidate with or merge into any Person, or sell, lease,
convey, transfer or otherwise dispose of all or substantially all of its assets
to any Person (other than a consolidation or merger of the Company and one or
more Subsidiary Guarantors or two or more Subsidiary Guarantors, or a sale,
lease, conveyance, transfer or other disposition of all or substantially all of
the assets of the Company to a Subsidiary Guarantor, a Subsidiary Guarantor to
the Company or of a Subsidiary Guarantor to another Subsidiary Guarantor),
unless:

 

(1)                                  either (a) the Company or such
Subsidiary Guarantor, as the case may be, shall be the continuing Person or (b) the
Person (if other than the Company or such Subsidiary Guarantor) formed by such
consolidation or into which the Company or such Subsidiary Guarantor is merged,
or to which such sale, lease, conveyance, transfer or other disposition shall
be made (collectively, the “Successor”), is organized and validly existing
under the laws of the United States, any political subdivision thereof or any
State thereof or the District of Columbia, and expressly assumes by
supplemental indenture the due and punctual payment of the principal of,
premium (if any) and interest on and any Additional Amounts with respect to all
the Securities and the performance of the Company’s covenants and obligations
under this Indenture and the Securities, or, in the case of such Subsidiary
Guarantor, the performance of the Guarantee and such Subsidiary Guarantor’s
covenants and obligations under this Indenture and the Securities;

 

(2)                                  immediately after giving effect to such
transaction or series of transactions, no Default or Event of Default shall
have occurred and be continuing or would result therefrom; and

 

(3)                                  the Company delivers to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that the
transaction and such supplemental indenture comply with this Indenture.

 

SECTION 5.02             Successor Person Substituted.

 

Upon any
consolidation or merger of the Company or a Subsidiary Guarantor, as the case
may be, or any sale, lease, conveyance, transfer or other disposition of all or
substantially all of the assets of the Company or such Subsidiary Guarantor in
accordance with Section 5.01, the Successor formed by such consolidation
or into or with which the Company or the Subsidiary Guarantor is merged or to
which such sale, lease, conveyance, transfer or other disposition is made shall
succeed to, and be substituted for, and may exercise every right and power of
the Company or such Subsidiary Guarantor, as the case may be, under this
Indenture and the Securities with the same effect as if such Successor had been
named as the Company or such Subsidiary Guarantor, as the case may be, herein
and the predecessor Company or Subsidiary Guarantor, in the case of a sale,
conveyance, transfer or other disposition, shall be released from all
obligations under this Indenture, the Securities and, in the case of a
Subsidiary Guarantor, the Guarantee.

 

ARTICLE VI.

DEFAULTS AND REMEDIES

 

SECTION 6.01              Events of Default.

 

Unless either
inapplicable to a particular series or specifically deleted or modified in or
pursuant to the supplemental indenture or Board Resolution establishing such
series of Securities or in the form of Security for such series, an “Event of
Default,” wherever used herein with respect to Securities of any series, occurs
if:

 

19

 

(1)                                  the Company defaults in the payment of
interest on or any Additional Amounts with respect to any Security of that
series when the same becomes due and payable and such default continues for a
period of 30 days;

 

(2)                                  the Company defaults in the payment of (A) the
principal of any Security of that series at its Maturity or (B) premium
(if any) on any Security of that series when the same becomes due and payable;

 

(3)                                  the Company defaults in the deposit of
any sinking fund payment, when and as due by the terms of a Security of that
series, and such default continues for a period of 30 days;

 

(4)                                  the Company, or if any series of
Securities outstanding is entitled to the benefits of a Guarantee, any
Subsidiary Guarantor, fails to comply with any of its other covenants or
agreements in, or provisions of, the Securities of such series or this
Indenture (other than an agreement, covenant or provision that has expressly
been included in this Indenture solely for the benefit of one or more series of
Securities other than that series) which shall not have been remedied within
the specified period after written notice, as specified in the last paragraph
of this Section 6.01;

 

(5)                                  the Company, or if that series of
Securities is entitled to the benefits of a Guarantee by any Subsidiary
Guarantor, any Subsidiary Guarantor, if it is a Significant Subsidiary,
pursuant to or within the meaning of any Bankruptcy Law:

 

(A)                              commences a voluntary case,

 

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

 

(C)                                consents to the appointment of a
Bankruptcy Custodian of it or for all or substantially all of its property, or

 

(D)                               makes a general assignment for the
benefit of its creditors;

 

(6)                                  a court of competent jurisdiction enters
an order or decree under any Bankruptcy Law that remains unstayed and in effect
for 90 days and that:

 

(A)                              is for relief against the Company or any
Subsidiary Guarantor with respect to such series, if it is a Significant
Subsidiary, as debtor in an involuntary case,

 

(B)                                appoints a Bankruptcy Custodian of the Company
or any Subsidiary Guarantor, if it is a Significant Subsidiary, or a Bankruptcy
Custodian for all or substantially all of the property of the Company, or any
Subsidiary Guarantor with respect to such series, if it is a Significant
Subsidiary, or

 

(C)                                orders the liquidation of the Company or
any Subsidiary Guarantor with respect to such series, if it is a Significant
Subsidiary; or

 

(7)                                  any Guarantee of any Subsidiary Guarantor
that is a Significant Subsidiary with respect to such series ceases to be in
full force and effect with respect to Securities of that series (except as
otherwise provided in this Indenture) or is declared null and void in a
judicial proceeding, or any such Subsidiary Guarantor denies or disaffirms its
obligations under this Indenture or such Guarantee; or

 

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

 

The term
“Bankruptcy Custodian” means any receiver, trustee, assignee, liquidator or
similar official under any Bankruptcy Law.

 

The Trustee shall
not be deemed to know or 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 or Event of Default
is received by the Trustee at the Corporate Trust Office of the Trustee, and
such notice 

 

20

 

references the
Securities and this Indenture.

 

When a Default is
cured, it ceases.

 

Notwithstanding
the foregoing provisions of this Section 6.01, if the principal of,
premium (if any) or interest on or Additional Amounts with respect to any
Security is payable in a currency or currencies (including a composite
currency) other than Dollars and such currency or currencies are not available
to the Company or a Subsidiary Guarantor for making payment thereof due to the
imposition of exchange controls or other circumstances beyond the control of
the Company or such Subsidiary Guarantor (a “Conversion Event”), the Company
will be entitled to satisfy its obligations to Holders of the Securities by
making such payment in Dollars in an amount equal to the Dollar equivalent of
the amount payable in such other currency, as determined by the Company or the
Subsidiary Guarantor, as the case may be, by reference to the Exchange Rate on
the date of such payment, or, if such rate is not then available, on the basis
of the most recently available Exchange Rate. Notwithstanding the foregoing
provisions of this Section 6.01, any payment made under such circumstances
in Dollars where the required payment is in a currency other than Dollars will
not constitute an Event of Default under this Indenture.

 

Promptly after the
occurrence of a Conversion Event, the Company or a Subsidiary Guarantor shall
give written notice thereof to the Trustee; and the Trustee, promptly after
receipt of such notice, shall give notice thereof in the manner provided in Section 11.02
to the Holders. Promptly after the making of any payment in Dollars as a result
of a Conversion Event, the Company or a Subsidiary Guarantor, as the case may
be, shall give notice in the manner provided in Section 11.02 to the
Holders, setting forth the applicable Exchange Rate and describing the
calculation of such payments.

 

A Default under
clause (4) or (7) of this Section 6.01 is not an Event of
Default until the Trustee notifies the Company and the Subsidiary Guarantors,
or the Holders of at least 25% in principal amount of the then outstanding
Securities of the series affected by such Default (or, in the case of a Default
under clause (4) of this Section 6.01, if outstanding Securities of
other series are affected by such Default, then at least 25% in principal
amount of the then outstanding Securities so affected) notify the Company, the
Subsidiary Guarantors and the Trustee, of the Default, and the Company or the
applicable Subsidiary Guarantor, as the case may be, fails to cure the Default
within 90 days after receipt of the notice. The notice must specify the
Default, demand that it be remedied and state that the notice is a “Notice of
Default.”

 

SECTION 6.02              Acceleration.

 

If an Event of
Default with respect to any Securities of any series at the time outstanding
(other than an Event of Default specified in clause (5) or (6) of Section 6.01)
occurs and is continuing, the Trustee by notice to the Company and the
Subsidiary Guarantors, or the Holders of at least 25% in principal amount of
the then outstanding Securities of the series affected by such Event of Default
(or, in the case of an Event of Default described in clause (4) of Section 6.01,
if outstanding Securities of other series are affected by such Event of
Default, then at least 25% in principal amount of the then outstanding
Securities so affected) by notice to the Company, the Subsidiary Guarantors and
the Trustee, may declare the principal of (or, if any such Securities are
Original Issue Discount Securities, such portion of the principal amount as may
be specified in the terms of that series) and all accrued and unpaid interest on
all then outstanding Securities of such series or of all series, as the case
may be, to be due and payable. Upon any such declaration, the amounts due and
payable on the Securities shall be due and payable immediately. If an Event of
Default specified in clause (5) or (6) of Section 6.01 hereof occurs,
such amounts shall ipso facto
become and be immediately due and payable without any declaration, notice or
other act on the part of the Trustee or any Holder. The Holders of a majority
in principal amount of the then outstanding Securities of the series affected
by such Event of Default or all series, as the case may be, by written notice
to the Trustee may rescind an acceleration and its consequences (other than
nonpayment of principal of or premium or interest on or any Additional Amounts
with respect to the Securities) if the rescission would not conflict with any
judgment or decree and if all existing Events of Default with respect to
Securities of that series (or of all series, as the case may be) have been
cured or waived, except nonpayment of principal, premium, interest or any
Additional Amounts that has become due solely because of the acceleration.

 

21

 

SECTION 6.03              Other Remedies.

 

If an Event of
Default occurs and is continuing, the Trustee may pursue any available remedy
to collect the payment of principal of, or premium, if any, or interest on the
Securities or to enforce the performance of any provision of the Securities or
this Indenture.

 

The Trustee may
maintain a proceeding even if it does not possess any of the Securities or does
not produce any of them in the proceeding. 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 6.04              Waiver of Defaults.

 

Subject to
Sections 6.07 and 9.02, the Holders of a majority in principal amount of the
then outstanding Securities of any series or of all series (acting as one
class) by notice to the Trustee may waive an existing or past Default or Event
of Default with respect to such series or all series, as the case may be, and its
consequences (including waivers obtained in connection with a tender offer or
exchange offer for Securities of such series or all series or a solicitation of
consents in respect of Securities of such series or all series, provided that in each case such offer or
solicitation is made to all Holders of then outstanding Securities of such
series or all series (but the terms of such offer or solicitation may vary from
series to series)), except (1) a continuing Default or Event of Default in
the payment of the principal of, or premium, if any, or interest on or any
Additional Amounts with respect to any Security or (2) a continued Default
in respect of a provision that under Section 9.02 cannot be amended or
supplemented without the consent of each Holder affected. Upon any such waiver,
such Default shall cease to exist, and any Event of Default arising therefrom
shall be deemed to have been cured for every purpose of this Indenture; but no
such waiver shall extend to any subsequent or other Default or impair any right
consequent thereon.

 

SECTION 6.05              Control by Majority.

 

With respect to
Securities of any series, the Holders of a majority in principal amount of the
then outstanding Securities of such series may direct in writing 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 relating to or arising
under an Event of Default described in clause (1), (2), (3) or (7) of
Section 6.01, and with respect to all Securities, the Holders of a
majority in principal amount of all the then outstanding Securities affected
may direct in writing 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 not relating to or arising under such an Event of Default.
However, the Trustee may refuse to follow any direction that conflicts with
applicable law or this Indenture, that the Trustee determines may be unduly
prejudicial to the rights of other Holders, or that may involve the Trustee in
personal liability; provided, however,
that the Trustee may take any other action deemed proper by the Trustee that is
not inconsistent with such direction. Prior to taking any action hereunder, the
Trustee shall be entitled to indemnification satisfactory to it in its sole
discretion from Holders directing the Trustee against all losses and expenses
caused by taking or not taking such action.

 

SECTION 6.06              Limitations on Suits.

 

Subject to Section 6.07
hereof, a Holder of a Security of any series may pursue a remedy with respect
to this Indenture or the Securities of such series or any related Guarantees
only if:

 

(1)                                  the Holder gives to the Trustee written
notice of a continuing Event of Default with respect to such series;

 

(2)                                  the Holders of at least 25% in principal
amount of the then outstanding Securities of such series make a written request
to the Trustee to pursue the remedy;

 

(3)                                  such Holder or Holders offer to the
Trustee indemnity satisfactory to the Trustee against any loss, liability or
expense;

 

22

 

(4)                                  the Trustee does not comply with the
request within 60 days after receipt of the request and the offer of indemnity;
and

 

(5)                                  during such 60-day period the Holders of
a majority in principal amount of the Securities of that series do not give the
Trustee a direction inconsistent with the request.

 

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 6.07              Rights of Holders to Receive Payment.

 

Notwithstanding
any other provision of this Indenture, the right of any Holder of a Security to
receive payment of principal of and premium, if any, and interest on and any
Additional Amounts with respect to the Security, on or after the respective due
dates expressed in the Security, or to bring suit for the enforcement of any
such payment on or after such respective dates, is absolute and unconditional
and shall not be impaired or affected without the consent of the Holder.

 

SECTION 6.08              Collection Suit by Trustee.

 

If an Event of
Default specified in clause (1) or (2) of Section 6.01 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 a Subsidiary
Guarantor for the amount of principal, premium (if any), interest and any
Additional Amounts remaining unpaid on the Securities of the series affected by
the Event of Default, and interest on overdue principal and premium, if any,
and, to the extent lawful, interest on overdue interest, and such further
amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel.

 

SECTION 6.09              Trustee May File Proofs of Claim.

 

The Trustee is
authorized to file such proofs of claim and other papers or documents and to
take such actions, including participating as a member, voting or otherwise, of
any committee of creditors, as may be necessary or advisable 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 a Subsidiary
Guarantor or their respective creditors or properties 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 Bankruptcy 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 7.07. 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 7.07 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 of the Securities may be entitled to receive in such proceeding whether
in liquidation or under any plan of reorganization or arrangement or otherwise.
Nothing herein contained shall be deemed to authorize the Trustee to authorize
or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
or the rights of any Holder thereof, or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding.

 

SECTION 6.10              Priorities.

 

If the Trustee
collects any money pursuant to this Article VI, it shall pay out the money
in the following order:

 

23

 

First:
to the Trustee for amounts due under Section 7.07;

 

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

 

Third:
to the Company.

 

The Trustee, upon
prior written notice to the Company, may fix record dates and payment dates for
any payment to Holders pursuant to this Article VI.

 

To the fullest
extent allowed under applicable law, if for the purpose of obtaining a judgment
against the Company or a Subsidiary Guarantor in any court it is necessary to
convert the sum due in respect of the principal of, premium (if any) or
interest on or Additional Amounts with respect to the Securities of any series
(the “Required Currency”) into a currency in which a judgment will be rendered
(the “Judgment Currency”), the rate of exchange used shall be the rate at which
in accordance with normal banking procedures the Trustee could purchase in The
City of New York the Required Currency with the Judgment Currency on the
Business Day in The City of New York next preceding that on which final
judgment is given. None of the Company, any Subsidiary Guarantor or the Trustee
shall be liable for any shortfall nor shall it benefit from any windfall in
payments to Holders of Securities under this Section 6.10 caused by a
change in exchange rates between the time the amount of a judgment against it
is calculated as above and the time the Trustee converts the Judgment Currency
into the Required Currency to make payments under this Section 6.10 to
Holders of Securities, but payment of such judgment shall discharge all amounts
owed by the Company and the Subsidiary Guarantors on the claim or claims underlying
such judgment.

 

SECTION 6.11              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, 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 6.11 does
not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07,
or a suit by a Holder or Holders of more than 10% in principal amount of the
then outstanding Securities of any series.

 

ARTICLE VII.

TRUSTEE

 

SECTION 7.01              Duties of Trustee.

 

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

 

(b)                                 Except during the continuance of an Event
of Default with respect to the Securities of any series:

 

(1)                                  the Trustee need perform only those
duties that are specifically set forth in this Indenture and no others, and no
implied covenants or obligations shall be read into this Indenture against the
Trustee; and

 

(2)                                  in the absence of bad faith on its part,
the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions
furnished to the Trustee and conforming to the requirements of this Indenture.
However, the Trustee shall examine such certificates and opinions to determine
whether, on their face, they appear to conform to the requirements of this
Indenture.

 

24

 

(c)                                  The Trustee may not be relieved from liabilities
for its own negligent action, its own negligent failure to act or its own
willful misconduct, except that:

 

(1)                                  this paragraph does not limit the effect
of Section 7.01(b);

 

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

 

(3)                                  the Trustee shall not be liable with
respect to any action it takes or omits to take in good faith in accordance
with a direction received by it pursuant to Section 6.05.

 

(d)                                 Whether or not therein expressly so
provided, every provision of this Indenture that in any way relates to the
Trustee is subject to the provisions of this Section 7.01.

 

(e)                                  No provision of this Indenture shall
require the Trustee to expend or risk its own funds or incur any liability. The
Trustee may refuse to perform any duty or exercise any right or power unless it
receives indemnity satisfactory to it against any loss, liability or expense.

 

(f)                                    The Trustee shall not be liable for
interest on any money received by it except as the Trustee may agree in writing
with the Company and the Subsidiary Guarantors. Money held in trust by the
Trustee need not be segregated from other funds except to the extent required
by law. All money received by the Trustee shall, until applied as herein
provided, be held in trust for the payment of the principal of, premium (if
any) and interest on and Additional Amounts with respect to the Securities.

 

SECTION 7.02              Rights of Trustee.

 

(a)                                  The Trustee may conclusively rely on any
document believed by it to be genuine and to have been signed or presented by
the proper Person. The Trustee need not investigate any fact or matter stated
in the document.

 

(b)                                 Before the Trustee acts or refrains from
acting, it may require instruction, an Officers’ Certificate or an Opinion of
Counsel or both to be provided. The Trustee shall not be liable for any action
it takes or omits to take in good faith in reliance on such instruction, Officers’
Certificate or Opinion of Counsel. The Trustee may consult at the Company’s
expense with counsel of its selection and the written advice of such counsel or
any Opinion of Counsel shall be full and complete authorization and protection
in respect of any action taken, suffered or omitted by it hereunder in good
faith and in reliance thereon.

 

(c)                                  The Trustee may act through agents and
shall not be responsible for the misconduct or negligence of any agent
appointed with due care.

 

(d)                                 The Trustee shall not be liable for any
action it takes or omits to take in good faith which it believes to be
authorized or within its rights or powers conferred upon it by this Indenture.

 

(e)                                  Unless otherwise specifically provided in
this Indenture, any demand, request, direction or notice from the Company or
any Subsidiary Guarantor shall be sufficient if signed by an Officer of the
Company.

 

SECTION 7.03              May Hold Securities.

 

The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities
and may otherwise deal with the Company, any Subsidiary Guarantor or any of
their respective Affiliates with the same rights it would have if it were not
Trustee. Any Agent may do the same with like rights and duties. However, the
Trustee is subject to Sections 7.10 and 7.11.

 

25

 

SECTION 7.04              Trustee’s Disclaimer.

 

The Trustee makes no representation as to the validity
or adequacy of this Indenture or the Securities, it shall not be accountable
for the Company’s use of the proceeds from the Securities or any money paid to
the Company or any Subsidiary Guarantor or upon the Company’s or such
Subsidiary Guarantor’s direction under any provision hereof, it shall not be
responsible for the use or application of any money received by any Paying
Agent other than the Trustee and it shall not be responsible for any statement
or recital herein or any statement in the Securities other than its certificate
of authentication.

 

SECTION 7.05              Notice of Defaults.

 

If a Default or
Event of Default with respect to the Securities of any series occurs and is
continuing and it is known to the Trustee, the Trustee shall mail to Holders of
Securities of such series a notice of the Default or Event of Default within 90
days after it occurs. Except in the case of a Default or Event of Default in
payment of principal of, premium (if any) and interest on and Additional
Amounts or any sinking fund installment with respect to the Securities of such
series, the Trustee may withhold the notice if and so long as a committee of
its Responsible Officers in good faith determines that withholding the notice
is in the interests of Holders of Securities of such series.

 

SECTION 7.06              Reports by Trustee to Holders.

 

Within 60 days
after each                          
of each year after the execution of this Indenture, the Trustee shall mail to
Holders of a series, the Subsidiary Guarantors and the Company a brief report
dated as of such reporting date that complies with TIA § 313(a); provided, however, that if no event
described in TIA § 313(a) has occurred within the twelve months preceding
the reporting date with respect to a series, no report need be transmitted to
Holders of such series. The Trustee also shall comply with TIA § 313(b). The
Trustee shall also transmit by mail all reports if and as required by TIA §§
313(c) and 313(d).

 

A copy of each
report at the time of its mailing to Holders of a series of Securities shall be
filed by the Company or a Subsidiary Guarantor with the SEC and each securities
exchange, if any, on which the Securities of such series are listed. The
Company shall notify the Trustee if and when any series of Securities is listed
on any securities exchange.

 

SECTION 7.07              Compensation and Indemnity.

 

The Company agrees
to pay to the Trustee for its acceptance of this Indenture and services
hereunder such compensation as the Company and the Trustee shall from time to
time agree in writing. The Trustee’s compensation shall not be limited by any
law on compensation of a trustee of an express trust. The Company agrees to
reimburse the Trustee upon request for all reasonable disbursements, advances
and expenses incurred by it. Such expenses shall include the reasonable
compensation, disbursements and expenses of the Trustee’s agents and counsel.

 

The Company hereby
indemnifies the Trustee and any predecessor Trustee against any and all loss,
liability, damage, claim or expense, including taxes (other than taxes based
upon, measured by or determined by the income of the Trustee), incurred by it
arising out of or in connection with the acceptance or administration of its
duties under this Indenture, except as set forth in the next following
paragraph. The Trustee shall notify the Company and the Subsidiary Guarantors
promptly of any claim for which it may seek indemnity. The Company shall defend
the claim and the Trustee shall cooperate in the defense. The Trustee may have
separate counsel and the Company shall pay the reasonable fees and expenses of
such counsel. The Company need not pay for any settlement made without its
consent.

 

The Company shall
not be obligated to reimburse any expense or indemnify against any loss or
liability incurred by the Trustee through the Trustee’s negligence or bad
faith.

 

To secure the
payment obligations of the Company in this Section 7.07, the Trustee shall
have a lien prior to the 

 

26

 

Securities on all
money or property held or collected by the Trustee, except that held in trust
to pay principal of, premium (if any) and interest on and any Additional
Amounts with respect to Securities of any series. Such lien and the Company’s
obligations under this Section 7.07 shall survive the satisfaction and
discharge of this Indenture.

 

When the Trustee
incurs expenses or renders services after an Event of Default specified in Section 6.01(5) or
(6) occurs, the expenses and the compensation for the services are
intended to constitute expenses of administration under any Bankruptcy Law.

 

SECTION 7.08              Replacement of Trustee.

 

A resignation or
removal of the Trustee and appointment of a successor Trustee shall become
effective only upon the successor Trustee’s acceptance of appointment as
provided in this Section 7.08.

 

The Trustee may
resign and be discharged at any time with respect to the Securities of one or
more series by so notifying the Company and the Subsidiary Guarantors. The
Holders of a majority in principal amount of the then outstanding Securities of
any series may remove the Trustee with respect to the Securities of such series
by so notifying the Trustee, the Company and the Subsidiary Guarantors. The
Company may remove the Trustee if:

 

(1)                                  the Trustee fails to comply with Section 7.10;

 

(2)                                  the Trustee is adjudged a bankrupt or an
insolvent or an order for relief is entered with respect to the Trustee under
any Bankruptcy Law;

 

(3)                                  a Bankruptcy Custodian or public officer
takes charge of the Trustee or its property; or

 

(4)                                  the Trustee otherwise becomes incapable
of acting.

 

If the Trustee
resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, with respect to the Securities of one or more series, the Company shall
promptly appoint a successor Trustee or Trustees with respect to the Securities
of that or those series (it being understood that any such successor Trustee
may be appointed with respect to the Securities of one or more or all of such
series and that at any time there shall be only one Trustee with respect to the
Securities of any particular series). Within one year after the successor
Trustee with respect to the Securities of any series takes office, the Holders
of a majority in principal amount of the Securities of such series then
outstanding may appoint a successor Trustee to replace the successor Trustee
appointed by the Company.

 

If a successor
Trustee with respect to the Securities of any series does not take office
within 30 days after the retiring or removed Trustee resigns or is removed, the
retiring or removed Trustee, the Company, any Subsidiary Guarantor or the
Holders of at least 10% in principal amount of the then outstanding Securities
of such series may petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Securities of such
series.

 

If the Trustee
with respect to the Securities of a series fails to comply with Section 7.10,
any Holder of Securities of such series may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee with respect to the Securities of such series.

 

In case of the
appointment of a successor Trustee with respect to all Securities, each such
successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee, to the Company and to the Subsidiary Guarantors. Thereupon
the resignation or removal of the retiring Trustee shall become effective, and
the successor Trustee shall have all the rights, powers and duties of the
retiring Trustee under this Indenture. The successor Trustee shall mail a
notice of its succession to Holders. The retiring Trustee shall promptly transfer
all property held by it as Trustee to the successor Trustee, subject to the
lien provided for in Section 7.07.

 

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

 

27

 

each successor
Trustee shall accept such appointment and that (1) shall confer to each
successor Trustee all the rights, powers 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 confirm that all the rights,
powers 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.
Nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust, and 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. 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 shall have all the rights, powers 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. On request of the Company or any successor
Trustee, such retiring Trustee shall transfer to such successor Trustee all
property held by such retiring Trustee as Trustee with respect to the
Securities of that or those series to which the appointment of such successor
Trustee relates.

 

Notwithstanding
replacement of the Trustee or Trustees pursuant to this Section 7.08, the
obligations of the Company under Section 7.07 shall continue for the
benefit of the retiring Trustee or Trustees.

 

SECTION 7.09              Successor Trustee by Merger, etc.

 

Subject to Section 7.10,
if the Trustee consolidates, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another corporation, the
successor corporation without any further act shall be the successor Trustee; provided, however, that in the case of a
transfer of all or substantially all of its corporate trust business to another
corporation, the transferee corporation expressly assumes all of the Trustee’s
liabilities hereunder.

 

In case any
Securities shall have been authenticated, but not delivered, by the Trustee
then in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Securities
so authenticated; 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 to the Trustee; and in all such cases such certificates shall
have the full force which it is anywhere in the Securities or in this Indenture
provided that the certificate of the Trustee shall have.

 

SECTION 7.10              Eligibility; Disqualification.

 

There shall at all
times be a Trustee hereunder which shall be a corporation or banking or trust
company or association organized and doing business under the laws of the
United States, any State thereof or the District of Columbia and authorized
under such laws to exercise corporate trust power, shall be subject to
supervision or examination by Federal or State (or the District of Columbia) authority
and shall have, or be a subsidiary of a bank or bank holding company having, a
combined capital and surplus of at least $50 million as set forth in its most
recent published annual report of condition.

 

The Indenture
shall always have a Trustee who satisfies the requirements of TIA §§ 310(a)(1),
310(a)(2) and 310(a)(5). The Trustee is subject to and shall comply with
the provisions of TIA § 310(b) during the period of time required by this
Indenture. Nothing in this Indenture shall prevent the Trustee from filing with
the SEC the application referred to in the penultimate paragraph of TIA §
310(b).

 

SECTION 7.11              Preferential Collection of Claims Against the Company or a
Subsidiary Guarantor.

 

The Trustee is
subject to and shall comply with the provisions of TIA § 311(a), excluding any
creditor relationship listed in TIA § 311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated
therein.

 

28

 

ARTICLE VIII.

DISCHARGE OF INDENTURE

 

SECTION 8.01              Termination of the Company’s and the Subsidiary Guarantors’
Obligations.

 

(a)                                  This Indenture shall cease to be of
further effect with respect to the Securities of a series (except that the
Company’s obligations under Section 7.07, the Trustee’s and Paying Agent’s
obligations under Section 8.03 and the rights, powers, protections and
privileges accorded the Trustee under Article VII shall survive), and the
Trustee, on demand of the Company, shall execute proper instruments
acknowledging the satisfaction and discharge of this Indenture with respect to
the Securities of such series, when:

 

(1)                                  either:

 

(A)                              all outstanding Securities of such series
theretofore authenticated and issued (other than destroyed, lost or stolen Securities
that have been replaced or paid) have been delivered to the Trustee for
cancellation; or

 

(B)                                all outstanding Securities of such series
not theretofore delivered to the Trustee for cancellation:

 

(i)                                     have become due and payable, or

 

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

 

(iii)                               are to be called for redemption 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, in the case
of clause (i), (ii) or (iii) above, the Company or a Subsidiary
Guarantor has irrevocably deposited or caused to be deposited with the Trustee
as funds (immediately available to the Holders in the case of clause (i)) in
trust for such purpose (x) cash in an amount, or (y) Government
Obligations, maturing as to principal and interest at such times and in such
amounts as will ensure the availability of cash in an amount or (z) a
combination thereof, which will be sufficient, in the opinion (in the case of
clauses (y) and (z)) of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the
Trustee, to pay and discharge the entire indebtedness on the Securities of such
series for principal and interest to the date of such deposit (in the case of
Securities which have become due and payable) or for principal, premium, if
any, and interest to the Stated Maturity or Redemption Date, as the case may
be; or

 

(C)                                the Company and the Subsidiary Guarantors
have properly fulfilled such other means of satisfaction and discharge as is
specified, as contemplated by Section 2.01, to be applicable to the
Securities of such series;

 

(2)                                  the Company or a Subsidiary Guarantor has
paid or caused to be paid all other sums payable by them hereunder with respect
to the Securities of such series; and

 

(3)                                  the Company has delivered to the Trustee
an Officers’ Certificate stating that all conditions precedent to satisfaction
and discharge of this Indenture with respect to the Securities of such series
have been complied with, together with an Opinion of Counsel to the same
effect.

 

(b)                                 Unless this Section 8.01(b) is
specified as not being applicable to Securities of a series as contemplated by Section 2.01,
the Company may, at its option, terminate certain of its and the Subsidiary
Guarantors’ respective obligations under this Indenture (“covenant defeasance”)
with respect to the Securities of a series if:

 

(1)                                  the Company or a Subsidiary Guarantor has
irrevocably deposited or caused to be irrevocably deposited with the Trustee as
trust funds in trust for the purpose of making the following payments,
specifically

 

29

 

pledged as
security for and dedicated solely to the benefit of the Holders of Securities
of such series, (i) money in the currency in which payment of the
Securities of such series is to be made in an amount, or (ii) Government
Obligations with respect to such series, maturing as to principal and interest
at such times and in such amounts as will ensure the availability of money in
the currency in which payment of the Securities of such series is to be made in
an amount or (iii) a combination thereof, that is sufficient, in the
opinion (in the case of clauses (ii) and (iii)) of a nationally recognized
firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay the principal of and premium (if any)
and interest on all Securities of such series on each date that such principal,
premium (if any) or interest is due and payable and (at the Stated Maturity
thereof or upon redemption as provided in Section 8.01(e)) to pay all
other sums payable by it hereunder; provided
that the Trustee shall have been irrevocably instructed to apply such money
and/or the proceeds of such Government Obligations to the payment of said
principal, premium (if any) and interest with respect to the Securities of such
series as the same shall become due;

 

(2)                                  the Company has delivered to the Trustee
an Officers’ Certificate stating that all conditions precedent to satisfaction
and discharge of this Indenture with respect to the Securities of such series
have been complied with, and an Opinion of Counsel to the same effect;

 

(3)                                  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;

 

(4)                                  the Company shall have delivered to the
Trustee an Opinion of Counsel from a nationally recognized counsel acceptable
to the Trustee or a tax ruling to the effect that the Holders will not
recognize income, gain or loss for U.S. Federal income tax purposes as a result
of the Company’s exercise of its option under this Section 8.01(b) and
will be subject to U.S. Federal income tax on the same amount and in the same
manner and at the same times as would have been the case if such option had not
been exercised;

 

(5)                                  the Company and the Subsidiary Guarantors
have complied with any additional conditions specified pursuant to Section 2.01
to be applicable to the discharge of Securities of such series pursuant to this
Section 8.01; and

 

(6)                                  such deposit and discharge shall not
cause the Trustee to have a conflicting interest as defined in TIA § 310(b).

 

In such event,
this Indenture shall cease to be of further effect (except as set forth in this
paragraph), and the Trustee, on demand of the Company, shall execute proper
instruments acknowledging satisfaction and discharge under this Indenture.
However, the Company’s and the Subsidiary Guarantors’ respective obligations in
Sections 2.05, 2.06, 2.07, 2.08, 2.09, 4.01, 4.02, 7.07, 7.08 and 8.04, the
Trustee’s and Paying Agent’s obligations in Section 8.03 and the rights,
powers, protections and privileges accorded the Trustee under Article VII
shall survive until all Securities of such series are no longer outstanding.
Thereafter, only the Company’s obligations in Section 7.07 and the Trustee’s
and Paying Agent’s obligations in Section 8.03 shall survive with respect
to Securities of such series.

 

After such
irrevocable deposit made pursuant to this Section 8.01(b) and
satisfaction of the other conditions set forth herein, the Trustee upon request
shall acknowledge in writing the discharge of the Company’s and the Subsidiary
Guarantors’ obligations under this Indenture with respect to the Securities of
such series except for those surviving obligations specified above.

 

In order to have
money available on a payment date to pay principal of or premium (if any) or interest
on the Securities, the Government Obligations shall be payable as to principal
or interest on or before such payment date in such amounts as will provide the
necessary money. Government Obligations shall not be callable at the issuer’s
option.

 

(c)                                  If the Company and the Subsidiary
Guarantors have previously complied or is concurrently complying with Section 8.01(b) (other
than any additional conditions specified pursuant to Section 2.01 that are
expressly applicable only to covenant defeasance) with respect to Securities of
a series, then, unless this Section 8.01(c) is specified as not being
applicable to Securities of such series as contemplated by Section 2.01,
the Company may elect that its and the Subsidiary Guarantors’ respective
obligations to make payments with respect to Securities of 

 

30

 

such series be
discharged (“legal defeasance”), if:

 

(1)                                  no Default or Event of Default under
clauses (5) and (6) of Section 6.01 hereof shall have occurred
at any time during the period ending on the 91st day after the date of deposit
contemplated by Section 8.01(b) (it being understood that this
condition shall not be deemed satisfied until the expiration of such period);

 

(2)                                  unless otherwise specified with respect
to Securities of such series as contemplated by Section 2.01, the Company
has delivered to the Trustee an Opinion of Counsel from a nationally recognized
counsel acceptable to the Trustee to the effect referred to in Section 8.01(b)(4) with
respect to such legal defeasance, which opinion is based on (i) a private
ruling of the Internal Revenue Service addressed to the Company, (ii) a
published ruling of the Internal Revenue Service pertaining to a comparable
form of transaction or (iii) a change in the applicable federal income tax
law (including regulations) after the date of this Indenture;

 

(3)                                  the Company and the Subsidiary Guarantors
have complied with any other conditions specified pursuant to Section 2.01
to be applicable to the legal defeasance of Securities of such series pursuant
to this Section 8.01(c); and

 

(4)                                  the Company has delivered to the Trustee
a Company Request requesting such legal defeasance of the Securities of such
series and an Officers’ Certificate stating that all conditions precedent with
respect to such legal defeasance of the Securities of such series have been
complied with, together with an Opinion of Counsel to the same effect.

 

In such event, the
Company and the Subsidiary Guarantors will be discharged from its obligations
under this Indenture and the Securities of such series to pay principal of,
premium (if any) and interest on and any Additional Amounts with respect to
Securities of such series, the Company’s and the Subsidiary Guarantors’
respective obligations under Sections 4.01, 4.02 and 10.01 shall terminate with
respect to such Securities, and the entire indebtedness of the Company
evidenced by such Securities and of the Subsidiary Guarantors evidenced by the
related Guarantee shall be deemed paid and discharged.

 

(d)                                 If and to the extent additional or
alternative means of satisfaction, discharge or defeasance of Securities of a
series are specified to be applicable to such series as contemplated by Section 2.01,
each of the Company and the Subsidiary Guarantors may terminate any or all of
its obligations under this Indenture with respect to Securities of a series and
any or all of its obligations under the Securities of such series if it
fulfills such other means of satisfaction and discharge as may be so specified,
as contemplated by Section 2.01, to be applicable to the Securities of
such series.

 

(e)                                  If Securities of any series subject to
subsections (a), (b), (c) or (d) of this Section 8.01 are to be
redeemed prior to their Stated Maturity, whether pursuant to any optional
redemption provisions or in accordance with any mandatory or optional sinking
fund provisions, the terms of the applicable trust arrangement shall provide
for such redemption, and the Company shall make such arrangements as are
reasonably satisfactory to the Trustee for the giving of notice of redemption
by the Trustee in the name, and at the expense, of the Company.

 

SECTION 8.02              Application of Trust Money.

 

The Trustee or a
trustee satisfactory to the Trustee and the Company shall hold in trust money
or Government Obligations deposited with it pursuant to Section 8.01
hereof. It shall apply the deposited money and the money from Government
Obligations through the Paying Agent and in accordance with this Indenture to
the payment of principal of, premium (if any) and interest on and any
Additional Amounts with respect to the Securities of the series with respect to
which the deposit was made.

 

SECTION 8.03              Repayment to Company.

 

The Trustee and
the Paying Agent shall promptly pay to the Company or any Subsidiary Guarantor
any excess money or Government Obligations (or proceeds therefrom) held by them
at any time upon the written request of the Company.

 

31

 

Subject to the
requirements of any applicable abandoned property laws, the Trustee and the
Paying Agent shall pay to the Company upon written request any money held by
them for the payment of principal, premium (if any), interest or any Additional
Amounts that remain unclaimed for two years after the date upon which such
payment shall have become due. After payment to the Company, Holders entitled
to the money must look to the Company for payment as general creditors unless
an applicable abandoned property law designates another Person, and all liability
of the Trustee and the Paying Agent with respect to such money shall cease.

 

SECTION 8.04              Reinstatement.

 

If the Trustee or
the Paying Agent is unable to apply any money or Government Obligations
deposited with respect to Securities of any series in accordance with Section 8.01
by reason of any legal proceeding or by reason of any order or judgment of any
court or governmental authority enjoining, restraining or otherwise prohibiting
such application, the obligations of the Company and the Subsidiary Guarantors
under this Indenture with respect to the Securities of such series and under
the Securities of such series shall be revived and reinstated as though no
deposit had occurred pursuant to Section 8.01 until such time as the
Trustee or the Paying Agent is permitted to apply all such money or Government
Obligations in accordance with Section 8.01; provided, however, that if the Company or any Subsidiary
Guarantor has made any payment of principal of, premium (if any) or interest on
or any Additional Amounts with respect to any Securities because of the
reinstatement of its obligations, the Company or such Subsidiary Guarantor, as
the case may be, shall be subrogated to the rights of the Holders of such
Securities to receive such payment from the money or Government Obligations
held by the Trustee or the Paying Agent.

 

ARTICLE IX.

SUPPLEMENTAL INDENTURES AND AMENDMENTS

 

SECTION 9.01              Without Consent of Holders.

 

The Company, the
Subsidiary Guarantors and the Trustee may amend or supplement this Indenture or
the Securities or waive any provision hereof or thereof without the consent of
any Holder:

 

(1)                                  to cure any ambiguity, omission, defect
or inconsistency;

 

(2)                                  to comply with Section 5.01;

 

(3)                                  to provide for uncertificated Securities
in addition to or in place of certificated Securities, or to provide for the
issuance of bearer Securities (with or without coupons);

 

(4)                                  to provide any security for, or to add
any guarantees of or additional obligors on, any series of Securities or the
related Guarantees, if any;

 

(5)                                  to comply with any requirement in order
to effect or maintain the qualification of this Indenture under the TIA;

 

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

 

(7)                                  to add any additional Events of Default
with respect to all or any series of the Securities (and, if any Event of
Default is applicable to less than all series of Securities, specifying the
series to which such Event of Default is applicable);

 

(8)                                  to change or eliminate any of the
provisions of this Indenture; provided
that any such change or elimination 

 

32

 

shall become
effective only when there is no outstanding Security of any series created
prior to the execution of such amendment or supplemental indenture that is
adversely affected in any material respect by such change in or elimination of
such provision; provided, further, that any change made solely to conform the
provisions of this Indenture to a description of any Security in a prospectus
supplement will not be deemed to adversely affect any Security of any series in
any material respect;

 

(9)                                  to establish the form or terms of
Securities of any series as permitted by Section 2.01;

 

(10)                            to supplement any of the provisions of
this Indenture to such extent as shall be necessary to permit or facilitate the
defeasance and discharge of any series of Securities pursuant to Section 8.01;
provided, however, that any such
action shall not adversely affect the interest of the Holders of Securities of
such series or any other series of Securities in any material respect; or

 

(11)                        to evidence and provide for the
acceptance of appointment hereunder by a successor Trustee with respect to the
Securities of one or more series and to add to or change any of the provisions
of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to
the requirements of Section 7.08.

 

Upon the request
of the Company, accompanied by a Board Resolution, and upon receipt by the
Trustee of the documents described in Section 9.06, the Trustee shall,
subject to Section 9.06, join with the Company and the Subsidiary
Guarantors in the execution of any supplemental indenture authorized or
permitted by the terms of this Indenture and make any further appropriate
agreements and stipulations that may be therein contained.

 

SECTION 9.02             With Consent of Holders.

 

Except as provided
below in this Section 9.02, the Company, the Subsidiary Guarantors and the
Trustee may amend or supplement this Indenture with the written consent
(including consents obtained in connection with a tender offer or exchange
offer for Securities of any one or more series or all series or a solicitation
of consents in respect of Securities of any one or more series or all series, provided that in each case such offer or
solicitation is made to all Holders of then outstanding Securities of each such
series (but the terms of such offer or solicitation may vary from series to
series)) of the Holders of at least a majority in principal amount of the then
outstanding Securities of all series affected by such amendment or supplement
(acting as one class).

 

Upon the request
of the Company, accompanied by a Board Resolution, and upon the filing with the
Trustee of evidence of the consent of the Holders as aforesaid, and upon
receipt by the Trustee of the documents described in Section 9.06, the
Trustee shall, subject to Section 9.06, join with the Company and the
Subsidiary Guarantors in the execution of such amendment or 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 amendment, supplement or waiver,
but it shall be sufficient if such consent approves the substance thereof.

 

The Holders of a
majority in principal amount of the then outstanding Securities of one or more
series or of all series may waive compliance in a particular instance by the
Company or any Subsidiary Guarantor with any provision of this Indenture with
respect to Securities of such series (including waivers obtained in connection
with a tender offer or exchange offer for Securities of such series or a
solicitation of consents in respect of Securities of such series, provided that in each case such offer or
solicitation is made to all Holders of then outstanding Securities of such
series (but the terms of such offer or solicitation may vary from series to
series)).

 

However, without
the consent of each Holder affected, an amendment, supplement or waiver under
this Section 9.02 may not:

 

(1)                                  reduce the amount of Securities whose
Holders must consent to an amendment, supplement or waiver;

 

(2)                                  reduce the rate of or change the time for
payment of interest, including default interest, on any Security;

 

33

 

(3)                                  reduce the principal of, any premium on
or any mandatory sinking fund payment with respect to, or change the Stated
Maturity of, any Security or reduce the amount of the principal of an Original
Issue Discount Security that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 6.02;

 

(4)                                  reduce the premium, if any, payable upon
the redemption of any Security or change the time at which any Security may or
shall be redeemed;

 

(5)                                  change any obligation of the Company or
any Subsidiary Guarantor to pay Additional Amounts with respect to any
Security;

 

(6)                                  change the coin or currency or currencies
(including composite currencies) in which any Security or any premium, interest
or Additional Amounts with respect thereto are payable;

 

(7)                                  impair the right to institute suit for
the enforcement of any payment of principal of, premium (if any) or interest on
or any Additional Amounts with respect to any Security pursuant to Sections
6.07 and 6.08, except as limited by Section 6.06;

 

(8)                                  make any change in the percentage of
principal amount of Securities necessary to waive compliance with certain
provisions of this Indenture pursuant to Section 6.04 or 6.07 or make any
change in this sentence of Section 9.02;

 

(9)                                  waive a continuing Default or Event of
Default in the payment of principal of, premium (if any) or interest on or
Additional Amounts with respect to the Securities; or

 

(10)                            except as provided in Section 10.04,
release any Subsidiary Guarantor or modify the related Guarantee in any manner
materially adverse to the Holders.

 

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

 

The right of any
Holder to participate in any consent required or sought pursuant to any
provision of this Indenture (and the obligation of the Company or any
Subsidiary Guarantor to obtain any such consent otherwise required from such
Holder) may be subject to the requirement that such Holder shall have been the
Holder of record of any Securities with respect to which such consent is
required or sought as of a date identified by the Company or such Subsidiary
Guarantor in a notice furnished to Holders in accordance with the terms of this
Indenture.

 

After an
amendment, supplement or waiver under this Section 9.02 becomes effective,
the Company shall mail to the Holders of each Security 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 amendment, supplement or
waiver.

 

SECTION 9.02              Compliance with Trust Indenture Act.

 

Every amendment or
supplement to this Indenture or the Securities shall comply in form and
substance with the TIA as then in effect.

 

SECTION 9.04              Revocation and Effect of Consents.

 

Until an
amendment, supplement or waiver becomes effective, a consent to it by a Holder
is a continuing consent by the Holder and every subsequent Holder of a Security
or portion of a Security that evidences the same debt as the consenting Holder’s
Security, even if notation of the consent is not made on any Security. However,
any such Holder or subsequent Holder may revoke the consent as to his or her
Security or portion of a Security if the Trustee receives written notice of
revocation before a date and time therefor identified by the Company or any
Subsidiary 

 

34

 

Guarantor in a
notice furnished to such Holder in accordance with the terms of this Indenture
or, if no such date and time shall be identified, the date the amendment,
supplement or waiver becomes effective. 
An amendment, supplement or waiver becomes effective in accordance with
its terms and thereafter binds every Holder.

 

The Company or any
Subsidiary Guarantor may, but shall not be obligated to, fix a record date
(which need not comply with TIA § 316(c)) for the purpose of determining the
Holders entitled to consent to any amendment, supplement or waiver or to take
any other action under this Indenture. If a record date is fixed, then
notwithstanding the provisions of the immediately preceding paragraph, those
Persons who were Holders at such record date (or their duly designated
proxies), and only those Persons, shall be entitled to consent to such
amendment, supplement or waiver or to revoke any consent previously given,
whether or not such Persons continue to be Holders after such record date. No
consent shall be valid or effective for more than 90 days after such record
date unless consents from Holders of the principal amount of Securities
required hereunder for such amendment or waiver to be effective shall have also
been given and not revoked within such 90-day period.

 

After an
amendment, supplement or waiver becomes effective, it shall bind every Holder,
unless it is of the type described in any of clauses (1) through (9) of
Section 9.02 hereof. In such case, the amendment, supplement or waiver
shall bind each Holder who has consented to it and every subsequent Holder that
evidences the same debt as the consenting Holder’s Security.

 

SECTION 9.05             Notation on or Exchange of Securities.

 

If an amendment or
supplement changes the terms of an outstanding Security, the Company may
require the Holder of the Security to deliver it to the Trustee. The Trustee
may place an appropriate notation on the Security at the request of the Company
regarding the changed terms and return it to the Holder. Alternatively, if the
Company so determines, the Company in exchange for the Security shall issue and
the Trustee shall authenticate a new Security that reflects the changed terms.
Failure to make the appropriate notation or to issue a new Security shall not
affect the validity of such amendment or supplement.

 

Securities of any
series authenticated and delivered after the execution of any amendment or
supplement may, and shall if required by the Trustee, bear a notation in form
approved by the Trustee as to any matter provided for in such amendment or
supplement.

 

SECTION 9.06             Trustee to Sign Amendments, etc.

 

The Trustee shall
sign any amendment or supplement authorized pursuant to this Article if
the amendment or supplement does not adversely affect the rights, duties,
liabilities or immunities of the Trustee. If it does, the Trustee may, but need
not, sign it. In signing or refusing to sign such amendment or supplement, the
Trustee shall be entitled to receive, and, subject to Section 7.01 hereof,
shall be fully protected in relying upon, an Officers’ Certificate and an
Opinion of Counsel provided at the expense of the Company or a Subsidiary
Guarantor as conclusive evidence that such amendment or supplement is
authorized or permitted by this Indenture, that it is not inconsistent
herewith, and that it will be valid and binding upon the Company in accordance
with its terms.

 

ARTICLE X.

GUARANTEE

 

SECTION 10.01       Guarantee.

 

(a)                                  Notwithstanding any provision of this Article X
to the contrary, the provisions of this Article X relating to the
Subsidiary Guarantors shall be applicable only to, and inure solely to the
benefit of, the Securities of any series designated, pursuant to Section 2.01,
as entitled to the benefits of the related Guarantee of each of the Subsidiary
Guarantors.

 

(b)                                 For value received, each of the
Subsidiary Guarantors hereby fully, unconditionally and absolutely 

 

35

 

guarantees (each,
a “Guarantee”) to the Holders and to the Trustee the due and punctual payment
of the principal of, and premium, if any, and interest on the Securities and
all other amounts due and payable under this Indenture and the Securities by
the Company, when and as such principal, premium, if any, and interest shall
become due and payable, whether at the Stated Maturity or by declaration of
acceleration, call for redemption or otherwise, according to the terms of the
Securities and this Indenture, subject to the limitations set forth in Section 10.03.

 

(c)                                  Failing payment when due of any amount
guaranteed pursuant to the related Guarantee, for whatever reason, each of the
Subsidiary Guarantors will be jointly and severally obligated to pay the same
immediately. Each of the Guarantees hereunder is intended to be a general,
unsecured, senior obligation of the related Subsidiary Guarantor and will rank
pari passu in right of payment with all Debt of such Subsidiary Guarantor that
is not, by its terms, expressly subordinated in right of payment to such
Guarantee. Each of the Subsidiary Guarantors hereby agrees that its obligations
hereunder shall be full, unconditional and absolute, irrespective of the
validity, regularity or enforceability of the Securities, its Guarantee, the
Guarantee of any other Subsidiary Guarantor or this Indenture, the absence of
any action to enforce the same, any waiver or consent by any Holder of the
Securities with respect to any provisions hereof or thereof, the recovery of
any judgment against the Company or any Subsidiary Guarantor, or any action to
enforce the same or any other circumstances which might otherwise constitute a
legal or equitable discharge or defense of the Subsidiary Guarantors. Each of
the Subsidiary Guarantors hereby agrees that in the event of a default in
payment of the principal of, or premium, if any, or interest on the Securities
of such series, whether at the Stated Maturity or by declaration of
acceleration, call for redemption or otherwise, legal proceedings may be
instituted by the Trustee on behalf of the Holders or, subject to Section 6.06,
by the Holders, on the terms and conditions set forth in this Indenture,
directly against such Subsidiary Guarantor to enforce such Guarantee without
first proceeding against the Company or any other Subsidiary Guarantor.

 

(d)                                 The obligations of each of the Subsidiary
Guarantors under this Article X shall be as aforesaid full, unconditional
and absolute and shall not be impaired, modified, released or limited by any
occurrence or condition whatsoever, including, without limitation, (i) any
compromise, settlement, release, waiver, renewal, extension, indulgence or
modification of, or any change in, any of the obligations and liabilities of
the Company or any of the Subsidiary Guarantors contained in the Securities or
this Indenture, (ii) any impairment, modification, release or limitation
of the liability of the Company, any of the Subsidiary Guarantors or any of
their estates in bankruptcy, or any remedy for the enforcement thereof,
resulting from the operation of any present or future provision of any
applicable Bankruptcy Law, as amended, or other statute or from the decision of
any court, (iii) the assertion or exercise by the Company, any of the
Subsidiary Guarantors or the Trustee of any rights or remedies under the
Securities or this Indenture or their delay in or failure to assert or exercise
any such rights or remedies, (iv) the assignment or the purported
assignment of any property as security for the Securities, including all or any
part of the rights of the Company or any of the Subsidiary Guarantors under
this Indenture, (v) the extension of the time for payment by the Company
or any of the Subsidiary Guarantors of any payments or other sums or any part
thereof owing or payable under any of the terms and provisions of the
Securities or this Indenture or of the time for performance by the Company or
any of the Subsidiary Guarantors of any other obligations under or arising out
of any such terms and provisions or the extension or the renewal of any
thereof, (vi) the modification or amendment (whether material or
otherwise) of any duty, agreement or obligation of the Company or any of the
Subsidiary Guarantors set forth in this Indenture, (vii) the voluntary or
involuntary liquidation, dissolution, sale or other disposition of all or
substantially all of the assets, marshaling of assets and liabilities,
receivership, insolvency, bankruptcy, assignment for the benefit of creditors,
reorganization, arrangement, composition or readjustment of, or other similar
proceeding affecting, the Company or any of the Subsidiary Guarantors or any of
their respective assets, or the disaffirmance of the Securities, the Guarantees
or this Indenture in any such proceeding, (viii) the release or discharge
of the Company or any of the Subsidiary Guarantors from the performance or
observance of any agreement, covenant, term or condition contained in any of
such instruments by operation of law, (ix) the unenforceability of the
Securities of such series, the related Guarantees or this Indenture or (x) any
other circumstances (other than payment in full or discharge of all amounts
guaranteed pursuant to the related Guarantees) which might otherwise constitute
a legal or equitable discharge of a surety or guarantor.

 

(e)                                  Each of the Subsidiary Guarantors hereby (i) waives
diligence, presentment, demand of payment, filing of claims with a court in the
event of the merger, insolvency or bankruptcy of the Company or any of the
Subsidiary Guarantors, and all demands whatsoever, (ii) acknowledges that
any agreement, instrument or document evidencing its Guarantee may be
transferred and that the benefit of its obligations hereunder shall extend to
each holder of any agreement, instrument or document evidencing its Guarantee
without notice to it and (iii) covenants that its

 

36

 

Guarantee will not
be discharged except by complete performance of such Guarantee. Each of the
Subsidiary Guarantors further agrees that if at any time all or any part of any
payment theretofore applied by any Person to its Guarantee is, or must be,
rescinded or returned for any reason whatsoever, including, without limitation,
the insolvency, bankruptcy or reorganization of the Company or any of the
Subsidiary Guarantors, such Guarantee shall, to the extent that such payment is
or must be rescinded or returned, be deemed to have continued in existence
notwithstanding such application, and such Guarantee shall continue to be
effective or be reinstated, as the case may be, as though such application had
not been made.

 

(f)            Each of the Subsidiary Guarantors shall be subrogated
to all rights of the Holders and the Trustee against the Company in respect of
any amounts paid by such Subsidiary Guarantor pursuant to the provisions of
this Indenture; provided, however,
that such Subsidiary Guarantor shall not be entitled to enforce or to receive
any payments arising out of, or based upon, such right of subrogation until all
of the Securities of such series and the related Guarantees shall have been
paid in full or discharged.

 

SECTION 10.02    Execution and Delivery of Guarantees.

 

To further
evidence its Guarantee set forth in Section 10.01, each of the Subsidiary
Guarantors hereby agrees that a notation relating to such Guarantee,
substantially in the form attached hereto as Annex A, shall be endorsed on each
Security of the series entitled to the benefits of such Guarantee authenticated
and delivered by the Trustee, which notation of Guarantee shall be executed by
either manual or facsimile signature of an Officer of such Subsidiary
Guarantor. Each of the Subsidiary Guarantors hereby agrees that its Guarantee
set forth in Section 10.01 shall remain in full force and effect
notwithstanding any failure to endorse on each Security a notation relating to
such Guarantee. If any Officer of such Subsidiary Guarantor whose signature is
on this Indenture or a notation of Guarantee no longer holds that office at the
time the Trustee authenticates such Security or at any time thereafter, the
Guarantee of such Security shall be valid nevertheless. The delivery of any
Security of a series entitled to the benefits of a Guarantee under this Article X
by the Trustee, after the authentication thereof hereunder, shall constitute
due delivery of the Guarantee set forth in this Indenture on behalf of each
Subsidiary Guarantor.

 

SECTION 10.03    Limitation on Liability of the Subsidiary Guarantors.

 

Each Subsidiary
Guarantor and by its acceptance hereof each Holder of a Security of a series
entitled to the benefits of a Guarantee under this Article X hereby
confirms that it is the intention of all such parties that the guarantee by
such Subsidiary Guarantor pursuant to its Guarantee not constitute a fraudulent
transfer or conveyance for purposes of any federal or state law. To effectuate
the foregoing intention, the Holders of a Security entitled to the benefits of
such Guarantee and the Subsidiary Guarantors hereby irrevocably agree that the
obligations of each Subsidiary Guarantor under its Guarantee shall be limited
to the maximum amount as will, after giving effect to all other contingent and
fixed liabilities of such Subsidiary Guarantor and to any collections from or
payments made by or on behalf of any other Subsidiary Guarantor in respect of
the obligations of such other Subsidiary Guarantor under its Guarantee, result
in the obligations of such Subsidiary Guarantor under its Guarantee not
constituting a fraudulent conveyance or fraudulent transfer under federal or
state law.

 

SECTION 10.04  Release of Subsidiary Guarantors from Guarantee.

 

(a)           Notwithstanding any other provisions of this Indenture,
the Guarantee of any Subsidiary Guarantor may be released upon the terms and
subject to the conditions set forth in this Section 10.04. Provided that
no Default shall have occurred and shall be continuing under this Indenture,
any Guarantee incurred by a Subsidiary Guarantor pursuant to this Article X
shall be unconditionally released and discharged (i) automatically upon (A) any
sale, exchange or transfer, whether by way of merger or otherwise, to any
Person that is not an Affiliate of the Company, of all of the Company’s direct
or indirect equity interests in such Subsidiary Guarantor (provided such sale, exchange or transfer
is not prohibited by this Indenture) or (B) the merger of such Subsidiary
Guarantor into the Company or any other Subsidiary Guarantor or the liquidation
and dissolution of such Subsidiary Guarantor (in each case to the extent not
prohibited by this Indenture) or (ii) following delivery of a written
notice of such release or discharge by the Company to the Trustee, upon the release
or discharge of all guarantees by such Subsidiary 

 

37

 

Guarantor of any
Debt of the Company other than obligations arising under this Indenture and any
Securities issued hereunder, except a discharge or release by or as a result of
payment under such guarantees.

 

(b)             The Trustee shall deliver an appropriate instrument
evidencing any release of a Subsidiary Guarantor from its Guarantee upon
receipt of a written request of the Company accompanied by an Officers’
Certificate and an Opinion of Counsel that the Subsidiary Guarantor is entitled
to such release in accordance with the provisions of this Indenture. If the
Subsidiary Guarantor is not so released it shall remain liable for the full
amount of principal of (and premium, if any, on) and interest on the Securities
entitled to the benefits of such Guarantee as provided in this Indenture,
subject to the limitations of Section 10.03.

 

SECTION 10.05  Contribution.

 

In order to
provide for just and equitable contribution among the Subsidiary Guarantors,
the Subsidiary Guarantors hereby agree, inter se, that in the event any payment
or distribution is made by any Subsidiary Guarantor (a “Funding Guarantor”)
under its Guarantee, such Funding Guarantor shall be entitled to a contribution
from each other Subsidiary Guarantor (as applicable) in a pro rata amount based
on the net assets of each Subsidiary Guarantor (including the Funding
Guarantor) for all payments, damages and expenses incurred by that Funding Guarantor
in discharging the Company’s obligations with respect to the Securities of a
series entitled to the benefits of a Guarantee under this Article X or any
other Subsidiary Guarantor’s obligations with respect to its Guarantee of such
series of Securities.

 

ARTICLE XI.

MISCELLANEOUS

 

SECTION 11.01  Trust Indenture Act Controls.

 

If any provision
of this Indenture limits, qualifies or conflicts with the duties imposed by
operation of TIA § 318(c), the imposed duties shall control.

 

SECTION 11.02  Notices.

 

Any notice or
communication by the Company, any Subsidiary Guarantor or the Trustee to the
other is duly given if in writing and delivered in person or mailed by
first-class mail (registered or certified, return receipt requested), telex,
facsimile or overnight air courier guaranteeing next day delivery, to the other’s
address:

 

	
    If to the Company or any Subsidiary Guarantor:

  
	
   

  
	
  Geokinetics Inc.

  
	
  1500 CityWest
  Blvd., Suite 800

  
	
  Houston, Texas
  77042

  
	
  Attn:

  
	
  Telephone: (713)
  850-7600

  
	
  Facsimile: (713)

  
	
   

  
	
  If to the
  Trustee:

  
	
   

  
	
   

  
	
  Attn:

  
	
   

  
	
   

  
	
  Telephone:

  
	
  Facsimile:

  

 

38

 

The Company, any
Subsidiary Guarantor or the Trustee by notice to the other may designate
additional or different addresses for subsequent notices or communications.

 

All notices and
communications shall be deemed to have been duly given: at the time delivered
by hand, if personally delivered; five Business Days after being deposited in
the mail, postage prepaid, if mailed; when answered back, if telexed; when
receipt acknowledged, if by facsimile; and the next Business Day after timely
delivery to the courier, if sent by overnight air courier guaranteeing next day
delivery.

 

Any notice or
communication to a Holder shall be mailed by first-class mail, postage prepaid,
to the Holder’s address shown on the register kept by the Registrar. Failure to
mail a notice or communication to a Holder or any defect in it shall not affect
its sufficiency with respect to other Holders.

 

If a notice or
communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives it, except
in the case of notice to the Trustee, it is duly given only when received.

 

If the Company or
a Subsidiary Guarantor mails a notice or communication to Holders, it shall
mail a copy to the Trustee and each Agent at the same time.

 

All notices or
communications, including without limitation notices to the Trustee, the
Company or a Subsidiary Guarantor by Holders, shall be in writing, except as
otherwise set forth herein.

 

In case by reason
of the suspension of regular mail service, or by reason of any other cause, it
shall be impossible to mail any notice required by this Indenture, then such
method of notification as shall be made with the approval of the Trustee shall
constitute a sufficient mailing of such notice.

 

SECTION 11.03    Communication by Holders with Other Holders.

 

Holders may
communicate pursuant to TIA § 312(b) with other Holders with respect to
their rights under this Indenture or the Securities. The Company, the
Subsidiary Guarantors, the Trustee, the Registrar and anyone else shall have
the protection of TIA § 312(c).

 

SECTION 11.04  Certificate and Opinion as to Conditions Precedent.

 

Upon any request
or application by the Company or a Subsidiary Guarantor to the Trustee to take
any action under this Indenture, the Company or such Subsidiary Guarantor
shall, if requested by the Trustee, furnish to the Trustee at the expense of
the Company or such Subsidiary Guarantor, as the case may be:

 

(1)           an Officers’ Certificate (which shall include the
statements set forth in Section 11.05) stating that, in the opinion of the
signers, all conditions precedent and covenants, if any, provided for in this
Indenture relating to the proposed action have been complied with; and

 

(2)           an Opinion of Counsel (which shall include the
statements set forth in Section 11.05 hereof) stating that, in the opinion
of such counsel, all such conditions precedent and covenants have been complied
with.

 

SECTION 11.05  Statements Required in Certificate or Opinion.

 

Each certificate
or opinion with respect to compliance with a condition or covenant provided for
in this Indenture (other than a certificate provided pursuant to TIA §
314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall
include:

 

(1)           a statement that the Person making such certificate or
opinion has read such covenant or condition;

 

39

 

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

 

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

 

(4)             a statement as to whether or not, in the opinion of
such Person, such condition or covenant has been complied with.

 

SECTION 11.06  Rules by Trustee and Agents.

 

The Trustee may
make reasonable rules for action by or at a meeting of Holders. The
Registrar or the Paying Agent may make reasonable rules and set reasonable
requirements for its functions.

 

SECTION 11.07  Legal Holidays.

 

If a payment date
is a Legal Holiday at a Place of Payment, payment may be made at that place on
the next succeeding day that is not a Legal Holiday, and no interest shall
accrue for the intervening period.

 

SECTION 11.08  No Recourse Against Others.

 

A director,
officer, employee, stockholder, partner or other owner of the Company, a
Subsidiary Guarantor or the Trustee, as such, shall not have any liability for
any obligations of the Company under the Securities, for the obligations of any
Subsidiary Guarantor under any Guarantee, or for any obligations of the
Company, any Subsidiary Guarantor or the Trustee under this Indenture or for
any claim based on, in respect of or by reason of such obligations or their
creation. Each Holder by accepting a Security waives and releases all such
liability. The waiver and release shall be part of the consideration for the
issue of Securities.

 

SECTION 11.09  Governing Law.

 

THIS
INDENTURE, THE SECURITIES AND THE GUARANTEES SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

 

SECTION 11.10  No Adverse Interpretation of Other Agreements.

 

This Indenture may
not be used to interpret another indenture, loan or debt agreement of the
Company, any Subsidiary Guarantor or any other Subsidiary. Any such indenture,
loan or debt agreement may not be used to interpret this Indenture.

 

SECTION 11.11    Successors.

 

All agreements of
the Company and each of the Subsidiary Guarantors in this Indenture and the
Securities shall bind their successors. All agreements of the Trustee in this
Indenture shall bind its successors.

 

SECTION 11.12  Severability.

 

In case any
provision in this Indenture or in the Securities or in any Guarantee shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall, to the fullest extent 

 

40

 

permitted by
applicable law, not in any way be affected or impaired thereby.

 

SECTION 11.13  Counterpart Originals.

 

The parties may
sign any number of copies of this Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement.

 

SECTION 11.14  Table of Contents, Headings, etc.

 

The table of
contents, cross-reference table and headings of the Articles and Sections of
this Indenture have been inserted for convenience of reference only, are not to
be considered a part hereof and shall in no way modify or restrict any of the
terms or provisions hereof.

 

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

 

	
  GEOKINETICS INC.

  	
  GEOKINETICS USA,
  INC.

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  ADVANCED SEISMIC
  TECHNOLOGY, INC.

  	
  GEOKINETICS
  INTERNATIONAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  GEOKINETICS
  MANAGEMENT, INC.

  	
  GEOKINETICS
  SERVICES CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  GEOKINETICS
  PROCESSING, INC.

  	
  GEOKINETICS
  INTERNATIONAL HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  [                          ],
  as Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

41

 

ANNEX
A

 

NOTATION
OF GUARANTEE

 

Each of the
Subsidiary Guarantors (which term includes any successor Person under the
Indenture) has fully, unconditionally and absolutely guaranteed, to the extent
set forth in the Indenture and subject to the provisions in the Indenture, the
due and punctual payment of the principal of, and premium, if any, and interest
on the Securities and all other amounts due and payable under the Indenture and
the Securities by the Company.

 

The obligations of
the Subsidiary Guarantors to the Holders of Securities and to the Trustee
pursuant to the Guarantee and the Indenture are expressly set forth in Article X
of the Indenture and reference is hereby made to the Indenture for the precise
terms of the Guarantee.

 

	
   

  	
  [NAME OF SUBSIDIARY
  GUARANTOR]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

1

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