Document:

Exhibit
4.3

     

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      RUBY
TUESDAY, INC.

       

      THE
CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO REQUESTS THE
POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE PARTICIPATING, OPTIONAL OR OTHER
SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF OF THE CORPORATION AND
THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR
RIGHTS. SUCH REQUEST MAY BE MADE TO THE CORPORATION OR THE TRANSFER
AGENT.

       

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

       

      
        	
                TEN
      COM — as tenants in common

                 

                TEN
      ENT   — as tenants by the entireties

                 

                JT
      TEN       — as joint tenants with right
      of

                 
      survivorship and not as tenants

                 
      in common

                 

              	UNIF
      GIFT MIN ACT — ________ Custodian ________ (Cust)(Minor)

                under
      Uniform Gifts to Minors

                Act____________

                (State)

              

      

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

       

      
        	
                For
      value received, ________________________ hereby sell, assign and transfer
      unto

              
	 

      

      
        PLEASE
INSERT SOCIAL SECURITY OR OTHER

      

      
        IDENTIFYING
NUMBER OF ASSIGNEE

      

      
        	 
      	 
      

      

      

      
        	 
      
	
                PLEASE
      PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF
      ASSIGNEE

              
	 
      
	 
	 
      
	 	 
	 
      	
                 Shares

              

      

       

      
        of the
capital stock represented by the within Certificate, and do hereby irrevocably
constitute

        
        

         

        
          	      
                  and
      appoint   

                	 
	 	 

        

        

          
            

          

        

      

       

      
        Attorney
to transfer the said stock on the books of the within-named Corporation with
full power of
substitution in the premises.

      

       

      Dated, ___________________________

      

      
        	 	 	 
	
                NOTICE:

              	 	
                
                  THE
      SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON
      THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
      ENLARGEMENT OR ANY CHANGE WHATEVER.

                

              
	 	 	 
	 	 	 
	
                SIGNATURE(S)
      GUARANTEED:

              	 	
                
                  THE
      SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
      (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
      MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT
      TO S.E.C. RULE 17Ad-15.

                

              

      

       

       

      
        KEEP THIS
CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED,
THE
CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE
OF A
REPLACEMENT CERTIFICATE.Exhibit
4.4

       

      
        

        
          

          

        

         

        

      

      

       

      RUBY
TUESDAY, INC.

       

      as
the Company

       

       

       

       

      and

       

       

       

       

       

       

      as
Trustee

       

       

       

      ___________________________________

       

      Senior
Indenture

       

       

      Dated
as
of               ,  20

      ___________________________________

       

      
         

         

        
          

          

        

        
          
            
            

          

          
            
            

            
            

          

          
            
            

          

        

         

        
TABLE
OF CONTENTS

      

       

        
          

        

      

      
        

      

      Page

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      	
                                                              ARTICLE
      1

                                                              Definitions
      and Incorporation by Reference

                                                            
	 	 	 
	
                                                              Section
      1.01.

                                                            	
                                                              Definitions

                                                            	
                                                              1

                                                            
	
                                                              Section
      1.02.

                                                            	
                                                              Other
      Definitions

                                                            	
                                                              6

                                                            
	
                                                              Section
      1.03.

                                                            	
                                                              Incorporation
      by Reference of Trust Indenture Act

                                                            	
                                                              6

                                                            
	
                                                              Section
      1.04.

                                                            	
                                                              Rules
      of Construction

                                                            	
                                                              7

                                                            
	 
	
                                                              ARTICLE
      2

                                                              The
      Securities

                                                            
	 	 	 
	
                                                              Section
      2.01.

                                                            	
                                                              Form
      and Dating

                                                            	
                                                              7

                                                            
	
                                                              Section
      2.02.

                                                            	
                                                              Execution
      And Authentication

                                                            	
                                                              7

                                                            
	
                                                              Section
      2.03.

                                                            	
                                                              Amount
      Unlimited; Issuable in Series

                                                            	
                                                              10

                                                            
	
                                                              Section
      2.04.

                                                            	
                                                              Denomination
      and Date of Securities; Payments of Interest

                                                            	
                                                              13

                                                            
	
                                                              Section
      2.05.

                                                            	
                                                              Registrar
      and Paying Agent; Agents Generally

                                                            	
                                                              13

                                                            
	
                                                              Section
      2.06.

                                                            	
                                                              Paying
      Agent to Hold Money in Trust

                                                            	
                                                              14

                                                            
	
                                                              Section
      2.07.

                                                            	
                                                              Transfer
      and Exchange

                                                            	
                                                              15

                                                            
	
                                                              Section
      2.08.

                                                            	
                                                              Replacement
      Securities

                                                            	
                                                              18

                                                            
	
                                                              Section
      2.09.

                                                            	
                                                              Outstanding
      Securities

                                                            	
                                                              19

                                                            
	
                                                              Section
      2.10.

                                                            	
                                                              Temporary
      Securities

                                                            	
                                                              20

                                                            
	
                                                              Section
      2.11.

                                                            	
                                                              Cancellation

                                                            	
                                                              20

                                                            
	
                                                              Section
      2.12.

                                                            	
                                                              CUSIP
      Numbers

                                                            	
                                                              21

                                                            
	
                                                              Section
      2.13.

                                                            	
                                                              Defaulted
      Interest

                                                            	
                                                              21

                                                            
	
                                                              Section
      2.14.

                                                            	
                                                              Series
      May Include Tranches

                                                            	
                                                              21

                                                            
	 
	
                                                              ARTICLE
      3

                                                              Redemption

                                                            
	 	 	 
	
                                                              Section
      3.01.

                                                            	
                                                              Applicability
      of Article

                                                            	
                                                              22

                                                            
	
                                                              Section
      3.02.

                                                            	
                                                              Notice
      of Redemption; Partial Redemptions

                                                            	
                                                              22

                                                            
	
                                                              Section
      3.03.

                                                            	
                                                              Payment
      Of Securities Called For Redemption

                                                            	
                                                              24

                                                            
	
                                                              Section
      3.04.

                                                            	
                                                              Exclusion
      of Certain Securities from Eligibility for Selection for
      Redemption

                                                            	
                                                              25

                                                            
	
                                                              Section
      3.05.

                                                            	
                                                              Mandatory
      and Optional Sinking Funds

                                                            	
                                                              25

                                                            
	 
	
                                                              ARTICLE
      4

                                                              Covenants

                                                            
	 	 	 
	
                                                              Section
      4.01.

                                                            	
                                                              Payment
      of Securities

                                                            	
                                                              28

                                                            

                                                       

                                                       

                                                      
                                                        
                                                          
                                                          

                                                        

                                                        
                                                          i

                                                          
                                                            

                                                          

                                                        

                                                        
                                                          
                                                          

                                                        

                                                      

                                                       

                                                       

                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    
                                                                                                                                      
                                                                                                                                        
                                                                                                                                          	
                                                                                                                                                  Section
      4.02.

                                                                                                                                                	
                                                                                                                                                  Maintenance
      of Office or Agency

                                                                                                                                                	
                                                                                                                                                  29

                                                                                                                                                
	
                                                                                                                                                  Section
      4.03.

                                                                                                                                                	
                                                                                                                                                  Securityholders’
      Lists

                                                                                                                                                	
                                                                                                                                                  30

                                                                                                                                                
	
                                                                                                                                                  Section
      4.04.

                                                                                                                                                	
                                                                                                                                                  Certificate
      to Trustee

                                                                                                                                                	
                                                                                                                                                  30

                                                                                                                                                
	
                                                                                                                                                  Section
      4.05.

                                                                                                                                                	
                                                                                                                                                  Reports
      by the Company

                                                                                                                                                	
                                                                                                                                                  30

                                                                                                                                                
	
                                                                                                                                                  Section
      4.06.

                                                                                                                                                	
                                                                                                                                                  Additional
      Amounts

                                                                                                                                                	
                                                                                                                                                  30

                                                                                                                                                
	 
	
                                                                                                                                                  ARTICLE
      5

                                                                                                                                                  Successor
      Corporation

                                                                                                                                                
	 	 	 
	
                                                                                                                                                  Section
      5.01.

                                                                                                                                                	
                                                                                                                                                  When
      Company May Merge, Etc

                                                                                                                                                	
                                                                                                                                                  31

                                                                                                                                                
	
                                                                                                                                                  Section
      5.02.

                                                                                                                                                	
                                                                                                                                                  Successor
      Substituted

                                                                                                                                                	
                                                                                                                                                  32

                                                                                                                                                
	 
	
                                                                                                                                                  ARTICLE
      6

                                                                                                                                                  Default
      and Remedies

                                                                                                                                                
	 	 	 
	
                                                                                                                                                  Section
      6.01.

                                                                                                                                                	
                                                                                                                                                  Events
      of Default

                                                                                                                                                	
                                                                                                                                                  32

                                                                                                                                                
	
                                                                                                                                                  Section
      6.02.

                                                                                                                                                	
                                                                                                                                                  Acceleration

                                                                                                                                                	
                                                                                                                                                  33

                                                                                                                                                
	
                                                                                                                                                  Section
      6.03.

                                                                                                                                                	
                                                                                                                                                  Other
      Remedies

                                                                                                                                                	
                                                                                                                                                  34

                                                                                                                                                
	
                                                                                                                                                  Section
      6.04.

                                                                                                                                                	
                                                                                                                                                  Waiver
      of Past Defaults

                                                                                                                                                	
                                                                                                                                                  34

                                                                                                                                                
	
                                                                                                                                                  Section
      6.05.

                                                                                                                                                	
                                                                                                                                                  Control
      by Majority

                                                                                                                                                	
                                                                                                                                                  35

                                                                                                                                                
	
                                                                                                                                                  Section
      6.06.

                                                                                                                                                	
                                                                                                                                                  Limitation
      on Suits

                                                                                                                                                	
                                                                                                                                                  35

                                                                                                                                                
	
                                                                                                                                                  Section
      6.07.

                                                                                                                                                	
                                                                                                                                                  Rights
      of Holders to Receive Payment

                                                                                                                                                	
                                                                                                                                                  36

                                                                                                                                                
	
                                                                                                                                                  Section
      6.08.

                                                                                                                                                	
                                                                                                                                                  Collection
      Suit by Trustee

                                                                                                                                                	
                                                                                                                                                  36

                                                                                                                                                
	
                                                                                                                                                  Section
      6.09.

                                                                                                                                                	
                                                                                                                                                  Trustee
      May File Proofs of Claim

                                                                                                                                                	
                                                                                                                                                  36

                                                                                                                                                
	
                                                                                                                                                  Section
      6.10.

                                                                                                                                                	
                                                                                                                                                  Application
      of Proceeds

                                                                                                                                                	
                                                                                                                                                  37

                                                                                                                                                
	
                                                                                                                                                  Section
      6.11.

                                                                                                                                                	
                                                                                                                                                  Restoration
      of Rights and Remedies

                                                                                                                                                	
                                                                                                                                                  38

                                                                                                                                                
	
                                                                                                                                                  Section
      6.12.

                                                                                                                                                	
                                                                                                                                                  Undertaking
      for Costs

                                                                                                                                                	
                                                                                                                                                  38

                                                                                                                                                
	
                                                                                                                                                  Section
      6.13.

                                                                                                                                                	
                                                                                                                                                  Rights
      and Remedies Cumulative

                                                                                                                                                	
                                                                                                                                                  38

                                                                                                                                                
	
                                                                                                                                                  Section
      6.14.

                                                                                                                                                	
                                                                                                                                                  Delay
      or Omission not Waiver

                                                                                                                                                	
                                                                                                                                                  38

                                                                                                                                                
	 
	
                                                                                                                                                  ARTICLE
      7

                                                                                                                                                  Trustee

                                                                                                                                                
	 	 	 
	
                                                                                                                                                  Section
      7.01.

                                                                                                                                                	
                                                                                                                                                  General

                                                                                                                                                	
                                                                                                                                                  39

                                                                                                                                                
	
                                                                                                                                                  Section
      7.02.

                                                                                                                                                	
                                                                                                                                                  Certain
      Rights of Trustee

                                                                                                                                                	
                                                                                                                                                  39

                                                                                                                                                
	
                                                                                                                                                  Section
      7.03.

                                                                                                                                                	
                                                                                                                                                  Individual
      Rights of Trustee

                                                                                                                                                	
                                                                                                                                                  41

                                                                                                                                                
	
                                                                                                                                                  Section
      7.04.

                                                                                                                                                	
                                                                                                                                                  Trustee's
      Disclaimer

                                                                                                                                                	
                                                                                                                                                  41

                                                                                                                                                
	
                                                                                                                                                  Section
      7.05.

                                                                                                                                                	
                                                                                                                                                  Notice
      of Default

                                                                                                                                                	
                                                                                                                                                  41

                                                                                                                                                
	
                                                                                                                                                  Section
      7.06.

                                                                                                                                                	
                                                                                                                                                  Reports
      by Trustee to Holders

                                                                                                                                                	
                                                                                                                                                  42

                                                                                                                                                
	
                                                                                                                                                  Section
      7.07.

                                                                                                                                                	
                                                                                                                                                  Compensation
      and Indemnity

                                                                                                                                                	
                                                                                                                                                  42

                                                                                                                                                
	
                                                                                                                                                  Section
      7.08.

                                                                                                                                                	
                                                                                                                                                  Replacement
      of Trustee

                                                                                                                                                	
                                                                                                                                                  43

                                                                                                                                                
	
                                                                                                                                                  Section
      7.09.

                                                                                                                                                	
                                                                                                                                                  Acceptance
      of Appointment by Successor

                                                                                                                                                	
                                                                                                                                                  44

                                                                                                                                                
	
                                                                                                                                                  Section
      7.10.

                                                                                                                                                	
                                                                                                                                                  Successor
      Trustee By Merger, Etc

                                                                                                                                                	
                                                                                                                                                  45

                                                                                                                                                
	
                                                                                                                                                  Section
      7.11.

                                                                                                                                                	
                                                                                                                                                  Eligibility

                                                                                                                                                	
                                                                                                                                                  45

                                                                                                                                                

                                                                                                                                        

                                                                                                                                      

                                                                                                                                    

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      

       

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

       

       

      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  	
                                                                                                          Section
      7.12.

                                                                                                        	
                                                                                                          Money
      Held in Trust

                                                                                                        	
                                                                                                          45

                                                                                                        
	 
	
                                                                                                          ARTICLE
      8

                                                                                                          Satisfaction
      and Discharge of Indenture; Unclaimed Moneys

                                                                                                        
	 	 	 
	
                                                                                                          Section
      8.01.

                                                                                                        	
                                                                                                          Satisfaction
      and Discharge of Indenture

                                                                                                        	
                                                                                                          46

                                                                                                        
	
                                                                                                          Section
      8.02.

                                                                                                        	
                                                                                                          Application
      by Trustee of Funds Deposited for Payment of Securities

                                                                                                        	
                                                                                                          47

                                                                                                        
	
                                                                                                          Section
      8.03.

                                                                                                        	
                                                                                                          Repayment
      of Moneys Held by Paying Agent

                                                                                                        	
                                                                                                          47

                                                                                                        
	
                                                                                                          Section
      8.04.

                                                                                                        	
                                                                                                          Return
      of Moneys Held by Trustee and Paying Agent Unclaimed for Two
      Years

                                                                                                        	
                                                                                                          47

                                                                                                        
	
                                                                                                          Section
      8.05.

                                                                                                        	
                                                                                                          Defeasance
      and Discharge of Indenture

                                                                                                        	
                                                                                                          48

                                                                                                        
	
                                                                                                          Section
      8.06.

                                                                                                        	
                                                                                                          Defeasance
      of Certain Obligations

                                                                                                        	
                                                                                                          49

                                                                                                        
	
                                                                                                          Section
      8.07.

                                                                                                        	
                                                                                                          Reinstatement

                                                                                                        	
                                                                                                          51

                                                                                                        
	
                                                                                                          Section
      8.08.

                                                                                                        	
                                                                                                          Indemnity.

                                                                                                        	
                                                                                                          51

                                                                                                        
	
                                                                                                          Section
      8.09.

                                                                                                        	
                                                                                                          Excess
      Funds.

                                                                                                        	
                                                                                                          51

                                                                                                        
	
                                                                                                          Section
      8.10.

                                                                                                        	
                                                                                                          Qualifying
      Trustee.

                                                                                                        	
                                                                                                          51

                                                                                                        
	 
	
                                                                                                          ARTICLE
      9

                                                                                                          Amendments,
      Supplements and Waivers

                                                                                                        
	 	 	 
	
                                                                                                          Section
      9.01.

                                                                                                        	
                                                                                                          Without
      Consent of Holders

                                                                                                        	
                                                                                                          52

                                                                                                        
	
                                                                                                          Section
      9.02.

                                                                                                        	
                                                                                                          With
      Consent of Holders

                                                                                                        	
                                                                                                          52

                                                                                                        
	
                                                                                                          Section
      9.03.

                                                                                                        	
                                                                                                          Revocation
      and Effect of Consent

                                                                                                        	
                                                                                                          54

                                                                                                        
	
                                                                                                          Section
      9.04.

                                                                                                        	
                                                                                                          Notation
      on or Exchange of Securities

                                                                                                        	
                                                                                                          54

                                                                                                        
	
                                                                                                          Section
      9.05.

                                                                                                        	
                                                                                                          Trustee
      to Sign Amendments, Etc

                                                                                                        	
                                                                                                          54

                                                                                                        
	
                                                                                                          Section
      9.06.

                                                                                                        	
                                                                                                          Conformity
      with Trust Indenture Act

                                                                                                        	
                                                                                                          55

                                                                                                        
	 
	
                                                                                                          ARTICLE
      10

                                                                                                          Miscellaneous

                                                                                                        
	 	 	 
	
                                                                                                          Section
      10.01.

                                                                                                        	
                                                                                                          Trust
      Indenture Act of 1939

                                                                                                        	
                                                                                                          55

                                                                                                        
	
                                                                                                          Section
      10.02.

                                                                                                        	
                                                                                                          Notices

                                                                                                        	
                                                                                                          55

                                                                                                        
	
                                                                                                          Section
      10.03.

                                                                                                        	
                                                                                                          Certificate
      and Opinion as to Conditions Precedent

                                                                                                        	
                                                                                                          56

                                                                                                        
	
                                                                                                          Section
      10.04.

                                                                                                        	
                                                                                                          Statements
      Required in Certificate or Opinion

                                                                                                        	
                                                                                                          56

                                                                                                        
	
                                                                                                          Section
      10.05.

                                                                                                        	
                                                                                                          Evidence
      of Ownership

                                                                                                        	
                                                                                                          57

                                                                                                        
	
                                                                                                          Section
      10.06.

                                                                                                        	
                                                                                                          Rules
      by Trustee, Paying Agent or Registrar

                                                                                                        	
                                                                                                          58

                                                                                                        
	
                                                                                                          Section
      10.07.

                                                                                                        	
                                                                                                          Payment
      Date Other Than a Business Day

                                                                                                        	
                                                                                                          58

                                                                                                        
	
                                                                                                          Section
      10.08.

                                                                                                        	
                                                                                                          Governing
      Law

                                                                                                        	
                                                                                                          58

                                                                                                        
	
                                                                                                          Section
      10.09.

                                                                                                        	
                                                                                                          No
      Adverse Interpretation of Other Agreements

                                                                                                        	
                                                                                                          58

                                                                                                        
	
                                                                                                          Section
      10.10.

                                                                                                        	
                                                                                                          Successors

                                                                                                        	
                                                                                                          58

                                                                                                        
	
                                                                                                          Section
      10.11.

                                                                                                        	
                                                                                                          Duplicate
      Originals

                                                                                                        	
                                                                                                          58

                                                                                                        
	
                                                                                                          Section
      10.12.

                                                                                                        	
                                                                                                          Separability

                                                                                                        	
                                                                                                          58

                                                                                                        
	
                                                                                                          Section
      10.13.

                                                                                                        	
                                                                                                          Table
      of Contents, Headings, Etc

                                                                                                        	
                                                                                                          59

                                                                                                        

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

        

        
 

        
          
            
            

          

          
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                                                                   	
                                                                                                                                                                                        Section
      10.14.

                                                                                                                                                                                      	
                                                                                                                                                                                        Incorporators,
      Stockholders, Officers and Directors of Company Exempt from Individual
      Liability

                                                                                                                                                                                      	
                                                                                                                                                                                        59

                                                                                                                                                                                      
	
                                                                                                                                                                                        Section
      10.15.

                                                                                                                                                                                      	
                                                                                                                                                                                        Judgment
      Currency

                                                                                                                                                                                      	
                                                                                                                                                                                        59

                                                                                                                                                                                      

                                                                                                                                                                              

                                                                                                                                                                            

                                                                                                                                                                          

                                                                                                                                                                        

                                                                                                                                                                      

                                                                                                                                                                    

                                                                                                                                                                  

                                                                                                                                                                

                                                                                                                                                              

                                                                                                                                                            

                                                                                                                                                          

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        

                                                                                                                                      

                                                                                                                                    

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

            

            

          

        

         

        
          
            
            

          

          
            iv

            
              

            

          

          
            
            

          

        

      

       

      
 

    

    
      

      SENIOR INDENTURE, dated as
of                  ,
20     , between Ruby Tuesday, Inc., a Georgia corporation, as
the Company,
and                          , as Trustee.

      

      RECITALS OF THE
COMPANY

      

      WHEREAS, the Company has duly authorized
the issue from time to time of its senior debentures, notes or other evidences
of indebtedness to be issued in one or more series (the “Securities”) up to such principal amount or amounts
as may from time to time be authorized in accordance with the terms of this
Indenture and to provide, among other things, for the authentication, delivery
and administration thereof, the Company has duly authorized the
execution and delivery of this Indenture; and

      

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

      

      NOW, THEREFORE:

      

      In consideration of the premises and the
purchases of the Securities by the holders thereof, the Company and the Trustee
mutually covenant and agree for the equal and proportionate benefit of the
respective holders from time to time of the Securities or of any and all series thereof and of the
coupons, if any, appertaining thereto as follows:

      

      

      ARTICLE
1

      DEFINITIONS
AND INCORPORATION
BY REFERENCE

      

      Section
1.01.  Definitions.

      

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

      

      “Agent” means any Registrar, Paying Agent,
transfer agent or Authenticating Agent.

      

      “Authorized
Newspaper” means a newspaper (which, in the case
of The City of New York, will, if practicable, be The Wall Street Journal
(Eastern

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      

      

      Edition) and in the case of London,
will, if practicable, be the Financial Times (London Edition) and published in
an official language of the country of publication customarily published at
least once a day for at least five days in each calendar week and of general
circulation in The City of New York or London, as applicable. If it shall be impractical in the opinion
of the Trustee to make any publication of any notice required hereby in an
Authorized Newspaper, any publication or other notice in lieu thereof which is
made or given with the approval of the Trustee shall constitute a sufficient publication of such
notice.

      

      “Board
Resolution” means one or more resolutions of the
board of directors of the Company or any authorized committee thereof, certified
by the secretary or an assistant secretary to have been duly adopted and
to be in full force and
effect on the date of certification, and delivered to the
Trustee.

      

      “Business
Day” means any day, other than a Saturday or
Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in The City
of New York, with respect to any Security the interest on which is based on the
offered quotations in the interbank Eurodollar market for dollar deposits in
London, or with respect to Securities denominated in a specified currency other than United States
dollars, in the principal financial center of the country of the specified
currency.

      

      “Capital
Lease” means, with respect to any Person, any
lease of any property which, in conformity with GAAP, is required to be
capitalized on the balance
sheet of such Person.

      

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

      

      “Company” means the party named as such in the
first paragraph of this Indenture until a successor replaces it pursuant to
Article 5 of this Indenture
and thereafter means the successor.

      

      “Corporate Trust
Office” means the office of the Trustee at
which the corporate trust business of the Trustee shall, at any particular time,
be administered, which
office is, at the date of this Indenture, located at Attention:
..

      

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

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
 

      

      “Depositary” means, with respect to the Securities
of any series issuable or issued in the form of one or more Registered Global
Securities, the Person designated as Depositary by the Company pursuant to
Section 2.03 until a successor Depositary shall have become such pursuant to the applicable provisions
of this Indenture, and thereafter “Depositary” shall mean or include each Person who
is then a Depositary hereunder, and if at any time there is more than one such
Person, “Depositary” as used with respect to the
Securities of any such
series shall mean the Depositary with respect to the Registered Global
Securities of that series.

      

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

      

      “GAAP” means generally accepted accounting
principles in the U.S. as
in effect as of the date hereof applied on a basis consistent with the
principles, methods, procedures and practices employed in the preparation of the
Company’s audited financial statements,
including, without limitation, those 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 is approved by a significant segment of the
accounting profession.

      

      “Holder” or “Securityholder” means the registered holder of any
Security with respect to Registered Securities and the bearer of any
Unregistered Security or any coupon appertaining thereto, as the case may be.

      

      “Indenture” means this Indenture as originally
executed and delivered or as it may be amended or supplemented from time to time
by one or more indentures supplemental to this Indenture entered into pursuant
to the applicable provisions of this Indenture and shall include the forms and
terms of the Securities of each series established as contemplated pursuant to
Sections 2.01 and 2.03.

      

      “Officer” means, with respect to the Company, the
chairman of the board of directors, the president or chief executive officer,
any executive vice president, any senior vice president, any vice president, the
chief financial officer, the treasurer or any assistant treasurer, or the secretary or any
assistant secretary.

      

      “Officers’
Certificate” means a certificate signed in the name
of the Company (i) by the chairman of the board of directors, the president or
chief executive officer, an executive vice president, a senior vice president or a vice
president, and (ii) by the chief financial officer, the treasurer or any
assistant treasurer, or the secretary or any assistant secretary, and delivered
to the Trustee. Each such certificate shall comply with Section 314 of
the Trust Indenture Act,
if

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      

      

      applicable, and include (except as
otherwise expressly provided in this Indenture) the statements provided in Section 10.04, if
applicable.

      

      “Opinion of
Counsel” means a written opinion signed by legal
counsel, who may be an employee of or counsel to the Company,
satisfactory to the Trustee. Each such opinion shall comply with Section 314 of
the Trust Indenture Act, if applicable, and include the statements provided in
Section 10.04, if and to the extent required thereby.

      

      “original issue
date” of any Security (or portion thereof)
means the earlier of (a) the date of authentication of such Security or (b) the
date of any Security (or portion thereof) for which such Security was issued
(directly or indirectly) on registration of transfer, exchange or
substitution.

      

      “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.

      

      “Periodic
Offering” means an offering of Securities of a
series from time to time, the specific terms of which Securities, including,
without limitation, the rate or rates of interest, if any, thereon, the stated
maturity or maturities thereof and the redemption provisions, if any,
with respect thereto, are to be determined by the Company or its agents upon the
issuance of such Securities.

      

      “Person” means an individual, a corporation, a
partnership, a limited liability company, an association, a trust or any other entity or
organization, including a government or political subdivision or an agency or
instrumentality thereof.

      

      “Principal” of a Security means the principal
amount of, and, unless the context indicates otherwise, includes any premium
payable on, the
Security.

      

      “Registered Global
Security” means a Security evidencing all or a
part of a series of Registered Securities, issued to the Depositary for such
series in accordance with Section 2.02, and bearing the legend prescribed in
Section 2.02.

      

      “Registered
Security” means any Security registered on the
Security Register (as defined in Section 2.05).

      

      “Responsible
Officer” when used with respect to the Trustee,
shall mean an officer of the Trustee in the Corporate Trust Office, having
direct responsibility for the administration of this Indenture, and also, with
respect to a particular matter, any other officer to whom such matter is
referred because of such officer’s knowledge of and familiarity
with the particular
subject.

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      

      

      “Securities” means any of the securities, as defined
in the first paragraph of
the recitals hereof, that are authenticated and delivered under this Indenture
and, unless the context indicates otherwise, shall include any coupon
appertaining thereto.

      

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

      

      “Subsidiary” means, with respect to any Person, any
corporation, association or other business entity of which a majority of the
capital stock or other ownership interests having ordinary voting power to elect
a majority of the board of directors or other persons performing similar
functions are at the time directly or indirectly owned by such
Person.

      

      “Trustee” means the party named as such in the
first paragraph of this Indenture until a successor replaces it in accordance
with the provisions of Article 7 and thereafter shall mean or
include each Person who is then a Trustee hereunder, and if at any time there is
more than one such Person, “Trustee” as used with respect to the Securities
of any series shall mean the Trustee with respect to Securities of that series.

      

      “Trust Indenture
Act” means the Trust Indenture Act of 1939,
as amended (15 U.S. Code §§
77aaa-77bbbb), as it may be amended from time to time.

      

      “Unregistered
Security” means any Security other than a
Registered Security.

      

      “U.S. Government
Obligations” means securities that are (i) direct
obligations of the United States of America for the payment of which its full
faith and credit is pledged or (ii) obligations of an agency or instrumentality
of the United States of America the payment of which is unconditionally
guaranteed as a full faith and credit obligation by the United States of
America, and shall also include a depository receipt issued by a bank or trust
company as custodian with respect to any such U.S. Government Obligation or a specific payment of
interest on or principal of any such U.S. Government Obligation held by such
custodian for the account of the holder of a depository receipt; provided that
(except as required by law) such custodian is not authorized to make any deduction from the amount payable
to the holder of such depository receipt from any amount received by the
custodian in respect of the U.S. Government Obligation or the specific payment
of interest on or principal of the U.S. Government Obligation evidenced by such depository
receipt.

      

      “Yield to
Maturity” means, as the context may require, the
yield to maturity (i) on a series of Securities or (ii) if the Securities of a
series are issuable from time to time, on a Security of such series, calculated
at the time of
issuance

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      

      

      of such series in the case of clause (i)
or at the time of issuance of such Security of such series in the case of clause
(ii), or, if applicable, at the most recent redetermination of interest on such
series or on such Security, and calculated in accordance with the constant interest method or
such other accepted financial practice as is specified in the terms of such
Security.

      

      Section
1.02.
Other Definitions. Each of
the following terms is defined in the section set forth opposite such
term:

      

      
        
          
            
              
                	
                        Term

                      	
                        Section

                      
	
                        Authenticating
      Agent

                      	
                        2.02

                      
	
                        Cash
      Transaction

                      	
                        7.03

                      
	
                        Dollars

                      	
                        4.02

                      
	
                        Event of
      Default

                      	
                        6.01

                      
	
                        Judgment
      Currency

                      	
                        10.15(a)

                      
	
                        mandatory sinking fund
      payment

                      	
                        3.05

                      
	
                        optional sinking fund
      payment

                      	
                        3.05

                      
	
                        Paying
Agent

                      	
                        2.05

                      
	
                        record date

                      	
                        2.04

                      
	
                        Registrar

                      	
                        2.05

                      
	
                        Required
      Currency

                      	
                        10.15(a)

                      
	
                        Security
      Register

                      	
                        2.05

                      
	
                        self-liquidating
      paper

                      	
                        7.03

                      
	
                        sinking fund payment
      date

                      	
                        3.05

                      
	
                        tranche

                      	
                        2.14

                      

              

            

          

        

      

      

      Section
1.03.  Incorporation
by Reference of Trust Indenture Act. Whenever this Indenture refers to a
provision of the Trust Indenture Act, the provision is incorporated by reference
in and made a part of this Indenture. The following terms used in this Indenture
that are defined by the Trust Indenture Act have the following meanings:

      

      “indenture
securities” means the
Securities;

      

      “indenture security
holder” means a Holder or a
Securityholder;

      

      “indenture to be
qualified” means this
Indenture;

      

      “indenture
trustee” or “institutional
trustee” means the Trustee;
and

      

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

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       

      

      

      All other terms used in this
Indenture that are defined
by the Trust Indenture Act, defined by reference in the Trust Indenture Act to
another statute or defined by a rule of the Commission and not otherwise defined
herein have the meanings assigned to them therein.

      

      Section
1.04.
Rules
of Construction. Unless the context otherwise requires:

      

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

      

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

      

      (c) “herein,” “hereof” and other words of similar import refer
to this Indenture as a whole and not to any particular Article, Section or other
subdivision;

      

      (d) all references to Sections or Articles
refer to Sections or Articles of this Indenture unless otherwise indicated;
and

      

      (e) use of masculine, feminine or neuter
pronouns should not be deemed a limitation, and the use of any such pronouns
should be construed to include, where appropriate, the other
pronouns.

      

      

      ARTICLE
2

      

      THE SECURITIES

      

      Section
2.01.
Form and Dating. The Securities of each series shall
be substantially in such form or forms (not
inconsistent with this Indenture) as shall be established by or pursuant to one
or more Board Resolutions or in one or more indentures supplemental hereto, in each case with such
appropriate insertions, omissions, substitutions and other variations as are
required or permitted by this Indenture and may have imprinted or otherwise
reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of this
Indenture, as may be required to comply with any law, or with any rules of any
securities exchange or usage, all as may be determined by the officers executing
such Securities as evidenced by their execution of the Securities. Unless otherwise so established,
Unregistered Securities shall have coupons attached.

      

      Section
2.02.
Execution And Authentication. Two Officers shall execute the Securities and one Officer shall
execute the coupons appertaining thereto for the Company by facsimile or manual
signature in the name and on behalf of the Company. The seal of the Company, if
any, shall be reproduced on the Securities.

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      

      

      If an Officer whose signature is on a
Security or coupon appertaining thereto no longer holds that office at the time
the Security is
authenticated, the Security and such coupon shall nevertheless be
valid.

      

      The Trustee, at the expense of the
Company, may appoint an authenticating agent (the “Authenticating
Agent”) to authenticate Securities. The
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 Authenticating Agent.

      

      A Security and the coupons appertaining
thereto shall not be valid until the Trustee or Authenticating Agent manually
signs the certificate of authentication on the Security or on the Security to
which such coupon appertains by an authorized officer. The signature shall be conclusive evidence
that the Security or the Security to which the coupon appertains has been
authenticated under this Indenture.

      

      At any time and from time to time after
the execution and delivery of this Indenture, the Company may deliver Securities of any series having
attached thereto appropriate coupons, if any, executed by the Company to the
Trustee for authentication together with the applicable documents referred to
below in this Section, and the Trustee shall thereupon authenticate and deliver such Securities to or upon
the written order of the Company. In authenticating any Securities of a series,
the Trustee shall be entitled to receive prior to the authentication of any
Securities of such series, and (subject to Article 7) shall be fully protected in relying upon,
unless and until such documents have been superseded or
revoked:

      

      (a) any Board Resolution and/or executed
supplemental indenture referred to in Sections 2.01 and 2.03 by or pursuant to
which the forms and terms of the Securities of that series were
established;

      

      (b) an Officers’ Certificate setting forth the form or
forms and terms of the Securities, stating that the form or forms and terms of
the Securities of such series have been, or, in the case of a Periodic
Offering, will be when
established in accordance with such procedures as shall be referred to therein,
established in compliance with this Indenture; and

      

      (c) an Opinion of Counsel substantially to
the effect that the form or forms and terms of the Securities of such series
have been, or, in the case of a Periodic Offering, will be when established in
accordance with such procedures as shall be referred to therein, established in compliance with this
Indenture and that the supplemental indenture, to the extent applicable, and
Securities have been duly authorized and, if executed and authenticated in
accordance with the provisions of the Indenture and delivered to and duly paid for by the purchasers
thereof on

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
 

      

      the date of such opinion, would be
entitled to the benefits of the Indenture and would be valid and binding
obligations of the Company, enforceable against the Company in accordance with
their respective terms, subject to bankruptcy, insolvency, reorganization,
receivership, moratorium and other similar laws affecting creditors’ rights generally, general principles of
equity, and covering such other matters as shall be specified therein and as
shall be reasonably requested by the Trustee.

      

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

      

      Notwithstanding the provisions of
Sections 2.01 and 2.02, if, in connection with a Periodic Offering, all
Securities of a series are not to be originally issued at one time, it shall not
be necessary to deliver the Board Resolution otherwise required pursuant to Section 2.01 or the written
order, Officers’ Certificate and Opinion of Counsel
otherwise required pursuant to Section 2.02 at or prior to the authentication of
each Security of such series if such documents are delivered at or prior to the
authentication upon original issuance of the
first Security of such series to be issued.

      

      With respect to Securities of a series
offered in a Periodic Offering, the Trustee may rely, as to the authorization by
the Company of any of such Securities, the forms and terms thereof and the legality, validity,
binding effect and enforceability thereof, upon the Opinion of Counsel and the
other documents delivered pursuant to Sections 2.01 and 2.02, as applicable, in
connection with the first authentication of Securities of such series.

      

      If the Company shall establish pursuant
to Section 2.03 that the Securities of a series or a portion thereof are to be
issued in the form of one or more Registered Global Securities, then the Company
shall execute and the Trustee shall authenticate and deliver one or more
Registered Global Securities that (i) shall represent and shall be denominated
in an amount equal to the aggregate principal amount of all of the Securities of
such series issued in such form and not yet cancelled, (ii) shall be registered in the name of the
Depositary for such Registered Global Security or Securities or the nominee of
such Depositary, (iii) shall be delivered by the Trustee to such Depositary or
its custodian or pursuant to such Depositary’s instructions and (iv) shall bear a legend substantially
to the following effect: “Unless and until it is exchanged in
whole or in part for Securities in definitive registered form, this Security may
not be transferred except as a whole by the Depositary to the nominee
of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the
Depositary

       

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      

      

      or by the Depositary or any such nominee
to a successor Depositary or a nominee of such successor
Depositary.”

      

      Section
2.03.
Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities which may
be authenticated and delivered under this Indenture is
unlimited.

      

      The Securities may be issued in one or
more series. There shall be established in or pursuant to Board Resolution or
one or more indentures supplemental hereto, prior to the initial issuance of
Securities of any series, subject to the last sentence of this Section
2.03,

      

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

      

      (b) any limit upon the aggregate principal
amount of the Securities of the series that may be authenticated and delivered
under this Indenture and any limitation on the ability of the Company to
increase such aggregate principal amount after the initial issuance of the Securities of that series
(except for Securities authenticated and delivered upon registration of transfer
of, or in exchange for, or in lieu of, or upon redemption of, other Securities
of the series pursuant hereto);

      

      (c) the date or dates on which the principal of the Securities of
the series is payable (which date or dates may be fixed or
extendible);

      

      (d) the rate or rates (which may be fixed or
variable) per annum at which the Securities of the series shall bear interest,
if any, the date or dates
from which such interest shall accrue, on which such interest shall be payable
and (in the case of Registered Securities) on which a record shall be taken for
the determination of Holders to whom interest is payable and/or the method by
which such rate or rates or date or dates shall
be determined;

      

      (e) if other than as provided in Section
4.02, the place or places where the principal of and any interest on Securities
of the series shall be payable, any Registered Securities of the series may
be surrendered for
exchange, notices, demands to or upon the Company in respect of the Securities
of the series and this Indenture may be served and notice to Holders may be
published;

      

      (f) the right, if any, of the Company to
redeem Securities of the series, in whole or in part, at its option and the
period or periods within which, the price or prices at which and any terms and
conditions upon which Securities of the series may be so redeemed, pursuant to any sinking fund or
otherwise;

      

       

      
        
          
          

        

        
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      (g) the obligation, if any, of the Company
to redeem, purchase or repay Securities of the series pursuant to any mandatory
redemption, sinking fund or analogous provisions or at the option of a Holder
thereof and the price or prices at which and the period or periods within which and any of 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;

      

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

      

      (i) if other than the principal amount
thereof, the portion of the principal amount of Securities of the series which
shall be payable upon declaration of acceleration of the maturity thereof;

      

      (j) if other than the coin or currency in
which the Securities of the series are denominated, the coin or currency in
which payment of the principal of or interest on the Securities of the series
shall be payable or if the amount of payments of principal of and/or interest
on the Securities of the series may be determined with reference to an index
based on a coin or currency other than that in which the Securities of the
series are denominated, the manner in which such amounts shall be determined;

      

      (k) if other than the currency of the United
States of America, the currency or currencies, including composite currencies,
in which payment of the Principal of and interest on the Securities of the
series shall be payable, and the manner in which any such currencies shall be valued against other
currencies in which any other Securities shall be payable;

      

      (l) whether the Securities of the series or
any portion thereof will be issuable as Registered Securities (and if so,
whether such Securities will be issuable as Registered Global Securities) or
Unregistered Securities (with or without coupons) (and if so, whether such
Securities will be issued in temporary or permanent global form), or any
combination of the foregoing, any restrictions applicable to the offer, sale or delivery of Unregistered
Securities or the payment of interest thereon and, if other than as provided
herein, the terms upon which Unregistered Securities of any series may be
exchanged for Registered Securities of such series and vice
versa;

      

      (m) whether the Securities of the series may
be exchangeable for and/or convertible into the common stock of the Company or
any other security;

      

      (n) whether and under what circumstances the Company will pay
additional amounts on the Securities of the series held by a person who is not a
U.S. person in respect of any tax, assessment or governmental charge withheld
or

       

       

      
        
          
          

        

        
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      deducted and, if so, whether the Company
will have the option to redeem such Securities rather than pay such additional
amounts;

      

      (o) if the Securities of the series are to be issuable
in definitive form (whether upon original issue or upon exchange of a temporary
Security of such series) only upon receipt of certain certificates or other
documents or satisfaction of other conditions, the form and terms of such certificates, documents or
conditions;

      

      (p) any trustees, depositaries,
authenticating or paying agents, transfer agents or the registrar or any other
agents with respect to the Securities of the series;

      

      (q) provisions, if any, for the defeasance
of the Securities of the series (including provisions permitting defeasance of
less than all Securities of the series), which provisions may be in addition to,
in substitution for, or in modification of (or any combination of the foregoing) the provisions
of Article 8;

      

      (r) if the Securities of the series are
issuable in whole or in part as one or more Registered Global Securities or
Unregistered Securities in global form, the identity of the Depositary or common
Depositary for such
Registered Global Security or Securities or Unregistered Securities in global
form;

      

      (s) any other Events of Default or covenants
with respect to the Securities of the series; and

      

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

      

      All Securities of any one series and
coupons, if any, appertaining thereto shall be substantially identical, except
in the case of Registered Securities as to date and denomination, except in the
case of any Periodic Offering and except as may otherwise be provided by or pursuant to the Board
Resolution referred to above or as set forth in any such indenture supplemental
hereto. All Securities of any one series need not be issued at the same time and
may be issued from time to time, consistent with the terms of this Indenture, if so provided by
or pursuant to such Board Resolution or in any such indenture supplemental
hereto and any forms and terms of Securities to be issued from time to time may
be completed and established from time to time prior to the issuance thereof by procedures described
in such Board Resolution or supplemental indenture.

      

      Unless otherwise expressly provided with
respect to a series of Securities, the aggregate principal amount of a series of
Securities may be increased and additional Securities of such series may be issued
up to the maximum aggregate principal amount authorized with respect to such
series as increased.

       

       

      
        
          
          

        

        
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      Section
2.04.  Denomination
and Date of Securities; Payments of Interest.

      

      The Securities of each series shall be
issuable as Registered Securities or Unregistered Securities in denominations
established as contemplated by Section 2.03 or, if not so established with
respect to Securities of any series, in denominations of $1,000 and any integral multiple thereof. The
Securities of each series shall be numbered, lettered or otherwise distinguished
in such manner or in accordance with such plan as the Officers of the Company
executing the same may determine, as evidenced by their execution thereof.

      

      Unless otherwise specified with respect
to a series of Securities, each Security shall be dated the date of its
authentication. The Securities of each series shall bear interest, if any, from
the date, and such interest and shall be payable on the dates, established as
contemplated by Section 2.03.

      

      The person in whose name any Registered
Security of any series is registered at the close of business on any record date
applicable to a particular series with respect to any interest payment
date for such series shall
be entitled to receive the interest, if any, payable on such interest payment
date notwithstanding any transfer or exchange of such Registered Security
subsequent to the record date and prior to such interest payment date,
except if and to the extent the Company shall
default in the payment of the interest due on such interest payment date for
such series, in which case the provisions of Section 2.13 shall apply. The term
“record
date” as used with respect to any interest
payment date (except a date
for payment of defaulted interest) for the Securities of any series shall mean
the date specified as such in the terms of the Registered Securities of such
series established as contemplated by Section 2.03, or, if no such date is so
established, the fifteenth day next
preceding such interest payment date, whether or not such record date is a
Business Day.

      

      Section
2.05.
Registrar and Paying Agent; Agents Generally. The Company shall maintain an office or
agency where Securities may be presented for registration, registration
of transfer or for exchange (the “Registrar”) and an office or agency where
Securities may be presented for payment (the “Paying Agent”), which shall be in the Borough of
Manhattan, The City of New York. The Company shall cause the Registrar to keep a
register of the Registered Securities and of their registration, transfer and
exchange (the “Security Register”). The Company may have one or more
additional Paying Agents or transfer agents with respect to any
series.

      

      The Company shall enter into an
appropriate agency agreement with any Agent not a party to this Indenture. The
agreement shall implement the provisions of this Indenture and the Trust
Indenture Act that relate to such Agent. The Company shall give prompt
written notice to the Trustee of the name
and address of any Agent and any change in the name or address of an Agent. If
the

       

       

      
        
          
          

        

        
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      Company fails to maintain a Registrar or
Paying Agent, the Trustee shall act as such. The Company may remove any Agent
upon written notice to such Agent and the Trustee; provided that no such removal shall become
effective until (i) the acceptance of an appointment by a successor Agent to such
Agent as evidenced by an appropriate agency agreement entered into by the
Company and such successor Agent and delivered to the Trustee or (ii)
notification to the Trustee that the Trustee shall serve as such Agent
until the appointment of a successor Agent
in accordance with clause (i) of this proviso. The Company or any affiliate of
the Company may act as Paying Agent or Registrar; provided that neither the Company nor an
affiliate of the Company shall act as Paying Agent in connection with the defeasance
of the Securities or the discharge of this Indenture under Article
8.

      

      The Company initially appoints the
Trustee as Registrar, Paying Agent and Authenticating Agent. If, at any time,
the Trustee is not the Registrar, the Registrar shall make available to
the Trustee ten days prior to each interest payment date and at such other times
as the Trustee may reasonably request the names and addresses of the Holders as
they appear in the Security Register.

      

      Section
2.06.
Paying Agent to Hold Money in Trust. Not later than 10:00 a.m. New York City time on each due date
or, in the case of Unregistered Securities, 10:00 a.m. New York City time on the
Business Day prior to the due date, of any Principal or interest on any
Securities, the Company
shall deposit with the Paying Agent money in immediately available funds
sufficient to pay such Principal or interest. The Company shall require each
Paying Agent other than the Trustee to agree in writing that such Paying Agent
shall hold in trust for the benefit of the
Holders of such Securities or the Trustee all money held by the Paying Agent for
the payment of Principal of and interest on such Securities and shall promptly
notify the Trustee of any default by the Company in making any such payment. The Company at any
time may require a Paying Agent to pay all money held by it to the Trustee and
account for any funds disbursed, and the Trustee may at any time during the
continuance of any payment default, upon written request to a Paying Agent, require such Paying Agent
to pay all money held by it to the Trustee and to account for any funds
disbursed. Upon doing so, the Paying Agent shall have no further liability for
the money so paid over to the Trustee. If the Company or any affiliate of the Company acts as Paying
Agent, it will, on or before each due date of any Principal of or interest on
any Securities, segregate and hold in a separate trust fund for the benefit of
the Holders thereof a sum of money sufficient to pay such Principal or interest so becoming due until
such sum of money shall be paid to such Holders or otherwise disposed of as
provided in this Indenture, and will promptly notify the Trustee in writing of
its action or failure to act as required by this Section.

      

       

      
        
          
          

        

        
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      Section
2.07.
Transfer and Exchange. Unregistered Securities (except
for any temporary global Unregistered
Securities) and coupons
(except for coupons attached to any temporary global Unregistered Securities)
shall be transferable by delivery.

      

      At the option of the Holder thereof,
Registered Securities of any series (other than a Registered Global Security,
except as set forth below)
may be exchanged for a Registered Security or Registered Securities of such
series and tenor having authorized denominations and an equal aggregate
principal amount, upon surrender of such Registered Securities to be exchanged
at the agency of the Company that shall be maintained for such
purpose in accordance with Section 2.05 and upon payment, if the Company shall
so require, of the charges hereinafter provided. If the Securities of any series
are issued in both registered and unregistered form, except as otherwise established pursuant to
Section 2.03, at the option of the Holder thereof, Unregistered Securities of
any series may be exchanged for Registered Securities of such series and tenor
having authorized denominations and an equal aggregate principal amount, upon surrender of such
Unregistered Securities to be exchanged at the agency of the Company that shall
be maintained for such purpose in accordance with Section 4.02, with, in the
case of Unregistered Securities that have coupons attached, all unmatured coupons and all matured coupons
in default thereto appertaining, and upon payment, if the Company shall so
require, of the charges hereinafter provided. At the option of the Holder
thereof, if Unregistered Securities of any series, maturity date, interest rate and original issue date
are issued in more than one authorized denomination, except as otherwise
established pursuant to Section 2.03, such Unregistered Securities may be
exchanged for Unregistered Securities of such series and tenor having
authorized denominations and an equal
aggregate principal amount, upon surrender of such Unregistered Securities to be
exchanged at the agency of the Company that shall be maintained for such purpose
in accordance with Section 4.02, with, in the case of Unregistered Securities that have coupons
attached, all unmatured coupons and all matured coupons in default thereto
appertaining, and upon payment, if the Company shall so require, of the charges
hereinafter provided. Registered Securities of any series may not be exchanged for Unregistered
Securities of such series. Whenever any Securities are so surrendered for
exchange, the Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Holder making the exchange is
entitled to receive.

      

      Upon surrender for registration of
transfer of any Registered Security of a series at the agency of the Company
that shall be maintained for that purpose in accordance with Section 2.05 and
upon payment, if the Company shall so require, of the charges hereinafter provided, the Company shall
execute, and the Trustee shall authenticate and deliver, in the name of the
designated transferee or

       

       

      
        
          
          

        

        
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      transferees, one or more new Registered
Securities of the same series, of any authorized denominations and of like tenor
and aggregate principal amount.

      

      All Registered Securities presented for
registration of transfer, exchange, redemption or payment shall be duly endorsed
by, or be accompanied by a written instrument or instruments of transfer in form
satisfactory to the Company and the Trustee duly executed by, the holder or his attorney duly
authorized in writing.

      

      The Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
connection with any exchange or registration of transfer of
Securities. No service
charge shall be made for any such transaction.

      

      Notwithstanding any other provision of
this Section 2.07, unless and until it is exchanged in whole or in part for
Securities in definitive registered form, a Registered Global Security
representing all or a
portion of the Securities of a series may not be transferred except as a whole
by the Depositary for such series to a nominee of such Depositary or by a
nominee of such Depositary to such Depositary or another nominee of such
Depositary or by such Depositary or any such nominee to a
successor Depositary for such series or a nominee of such successor
Depositary.

      

      If at any time the Depositary for any
Registered Global Securities of any series notifies the Company that it is
unwilling or unable to
continue as Depositary for such Registered Global Securities or if at any time
the Depositary for such Registered Global Securities shall no longer be eligible
under applicable law, the Company shall appoint a successor Depositary eligible
under applicable law with respect to such Registered
Global Securities. If a successor Depositary eligible under applicable law for
such Registered Global Securities is not appointed by the Company within 90 days
after the Company receives such notice or becomes aware of such ineligibility, the Company will
execute, and the Trustee, upon receipt of the Company’s order for the authentication and
delivery of definitive Registered Securities of such series and tenor, will
authenticate and deliver Registered Securities of such series and tenor, in any authorized
denominations, in an aggregate principal amount equal to the principal amount of
such Registered Global Securities, in exchange for such Registered Global
Securities.

      

      The Company may at any time and in its
sole discretion and subject
to the procedures of the Depositary determine that any Registered Global
Securities of any series shall no longer be maintained in global form. In such
event the Company will execute, and the Trustee, upon receipt of the
Company’s order for the authentication and delivery of
definitive Registered Securities of such series and tenor, will authenticate and
deliver, Registered Securities of such series and

       

       

      
        
          
          

        

        
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      tenor in any authorized denominations,
in an aggregate principal amount equal to the principal amount of such
Registered Global Securities, in exchange for such Registered Global
Securities.

      

      Any time the Registered Securities of any series are
not in the form of Registered Global Securities pursuant to the preceding two
paragraphs, the Company agrees to supply the Trustee with a reasonable supply of
certificated Registered Securities without the legend required by Section 2.02 and the Trustee
agrees to hold such Registered Securities in safekeeping until authenticated and
delivered pursuant to the terms of this Indenture.

      

      If established by the Company pursuant
to Section 2.03 with respect to any Registered Global Security, the Depositary for such
Registered Global Security may surrender such Registered Global Security in
exchange in whole or in part for Registered Securities of the same series and
tenor in definitive registered form on such terms as are acceptable to the Company and such
Depositary. Thereupon, the Company shall execute, and the Trustee shall
authenticate and deliver, without service charge,

      

      (a) to the Person specified by such
Depositary new Registered Securities of the same series and tenor, of any
authorized denominations as requested by such Person, in an aggregate principal
amount equal to and in exchange for such Person’s beneficial interest in the Registered Global Security;
and

      

      (b) to such Depositary a new Registered
Global Security in a denomination equal to the difference, if any, between the
principal amount of the surrendered Registered Global Security and the aggregate
principal amount of
Registered Securities authenticated and delivered pursuant to clause (a)
above.

      

      Registered Securities issued in exchange
for a Registered Global Security pursuant to this Section 2.07 shall be
registered in such names and in such authorized denominations as the Depositary for such
Registered Global Security, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee or an agent of the Company
or the Trustee. The Trustee or such agent shall deliver such Securities to or as directed by the
Persons in whose names such Securities are so registered.

      

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

       

       

      
        
          
          

        

        
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      Notwithstanding anything herein or in
the forms or terms of any Securities to the contrary, none of the Company, the
Trustee or any agent of the Company or the Trustee shall be required to exchange
any Unregistered Security for a Registered Security if such exchange would result in adverse
Federal income tax consequences to the Company (such as, for example, the
inability of the Company to deduct from its income, as computed for Federal
income tax purposes, the interest payable on the Unregistered
Securities) under then applicable United States
Federal income tax laws. The Trustee and any such agent shall be entitled to
rely on an Officers’ Certificate or an Opinion of Counsel in
determining such result.

      

      The Registrar shall not be required (i)
to issue, authenticate,
register the transfer of or exchange Securities of any series for a period of 15
days before a selection of such Securities to be redeemed or (ii) to register
the transfer of or exchange any Security selected for redemption in whole or in
part.

      

      Section
2.08.
Replacement Securities. If any mutilated Security or
a Security with a mutilated coupon
appertaining to it is surrendered to the Trustee, the Company shall execute and
the Trustee shall authenticate and deliver, in exchange for such
mutilated Security or in
exchange for the Security to which a mutilated coupon appertains, a new Security
of the same series and of like tenor and principal amount and bearing a number
not contemporaneously outstanding, with coupons corresponding to the coupons,
if any, appertaining to such mutilated
Security or to the Security to which such mutilated coupon
appertains.

      

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

      

      In case any such mutilated, destroyed,
lost or stolen Security or coupon has become or is about to become due and
payable, the Company in its discretion may, instead of issuing a new Security,
pay such Security or coupon (without surrender thereof except in the case of a mutilated Security or
coupon) if the applicant for such payment shall furnish to the Company and the
Trustee such

       

       

      
        
          
          

        

        
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      security or indemnity as may be required
by them to save each of them and any agent of any of them harmless, and in the
case of destruction, loss or theft, evidence satisfactory to the Company and the
Trustee and any agent of them of the destruction, loss or theft of such Security and the
ownership thereof; provided, however,
that the Principal of and
any interest on Unregistered Securities shall, except as otherwise provided in Section
4.02, be payable only at an office or agency located outside the United States of
America.

      

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

      

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

      

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

      

      Section
2.09.
Outstanding
Securities. Securities outstanding at any
time are all Securities that have been
authenticated by the Trustee except for those cancelled by it, those delivered
to it for cancellation, those described in this Section as not outstanding and
those that have been
defeased pursuant to Section 8.05.

      

      If a Security is replaced pursuant to
Section 2.08, it ceases to be outstanding unless and until the Trustee and the
Company receive proof satisfactory to them that the replaced Security is held by
a holder in due
course.

      

      If the Paying Agent (other than the
Company or an affiliate of the Company) holds on the maturity date or any
redemption date or date for repurchase of the Securities money sufficient to pay
Securities payable or to be redeemed or repurchased on that date, then on and after that date
such Securities cease to be outstanding and interest on them shall cease to
accrue.

      

       

      
        
          
          

        

        
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      A Security does not cease to be
outstanding because the Company or one of its affiliates holds such Security,
provided,
however, that, in
determining whether the Holders of the requisite principal amount of the
outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder, Securities owned by the Company or any
affiliate of the Company shall be disregarded and deemed not to be outstanding,
except that, in determining whether the Trustee shall be protected in relying upon any such request,
demand, authorization, direction, notice, consent or waiver, only Securities as
to which a Responsible Officer of the Trustee has received written notice to be
so owned shall be so disregarded. Any Securities so owned which are pledged by the Company, or by
any affiliate of the Company, as security for loans or other obligations,
otherwise than to another such affiliate of the Company, shall be deemed to be
outstanding, if the pledgee is entitled pursuant to the terms of its pledge agreement and is free to
exercise in its or his discretion the right to vote such securities,
uncontrolled by the Company or by any such affiliate.

      

      Section
2.10.
Temporary Securities. Until definitive Securities of
any series are ready for delivery, the Company may prepare and the
Trustee shall authenticate temporary Securities of such series. Temporary
Securities of any series shall be substantially in the form of definitive
Securities of such series but may have insertions, substitutions, omissions and other variations determined
to be appropriate by the Officers executing the temporary Securities, as
evidenced by their execution of such temporary Securities. If temporary
Securities of any series are issued, the Company will cause definitive
Securities of such series to be prepared
without unreasonable delay. After the preparation of
definitive

      

      Securities of any series, the temporary
Securities of such series shall be exchangeable for definitive Securities of
such series and tenor upon surrender of such temporary Securities at the office
or agency of the Company designated for such purpose pursuant to Section 4.02, without charge to
the Holder. Upon surrender for cancellation of any one or more temporary
Securities of any series the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a like principal amount
of definitive Securities of such series
and tenor and authorized denominations. Until so exchanged, the temporary
Securities of any series shall be entitled to the same benefits under this
Indenture as definitive Securities of such series.

      

      Section
2.11.
Cancellation. The Company at any time may deliver to
the Trustee for cancellation any Securities
previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and may deliver to the Trustee for
cancellation any Securities
previously authenticated hereunder which the Company has not issued and sold.
The Registrar, any transfer agent and the Paying Agent shall forward to the
Trustee any Securities surrendered to them for transfer, exchange or payment.
The Trustee shall cancel

       

       

      
        
          
          

        

        
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      and dispose of in accordance with its
customary procedures all Securities surrendered for transfer, exchange, payment
or cancellation and shall deliver a certificate of disposition to the Company.
The Company may not issue new Securities to replace Securities it has paid in full or delivered to
the Trustee for cancellation.

      

      Section
2.12.
CUSIP Numbers. The Company in issuing the
Securities may use “CUSIP” and “CINS” numbers (if then generally in use), and
the Trustee shall use CUSIP numbers or CINS numbers, as the case may be, in notices of
redemption or exchange as a convenience to Holders and no representation shall
be made as to the correctness of such numbers either as printed on the
Securities or as contained in any notice of redemption or
exchange.

      

      Section
2.13.
Defaulted Interest. If the Company defaults in a payment
of interest on the Registered Securities,
it shall pay, or shall deposit with the Paying Agent money in immediately
available funds sufficient to pay, the defaulted interest plus (to
the extent lawful) any
interest payable on the defaulted interest (as may be specified in the terms
thereof, established pursuant to Section 2.03) to the Persons who are Holders on
a subsequent special record date, which shall mean the 15th day next
preceding the date fixed by the Company for the
payment of defaulted interest, whether or not such day is a Business Day. At
least 15 days before such special record date, the Company shall mail to each
Holder of such Registered Securities and to the Trustee a notice that states the special record date,
the payment date and the amount of defaulted interest to be
paid.

      

      Section
2.14.
Series May Include Tranches. A series of Securities may include one or more tranches (each a
“tranche”) of Securities, including Securities
issued in a Periodic Offering. The Securities of different tranches may have one
or more different terms, including authentication dates and public offering
prices, but all the Securities within each such tranche shall have identical terms, including
authentication date and public offering price. Notwithstanding any other
provision of this Indenture, with respect to Sections 2.02 (other than the
fourth, sixth and seventh paragraphs thereof) through 2.04, 2.07, 2.08,
2.10, 3.01 through 3.05, 4.02, 6.01 through
6.14, 8.01 through 8.07, 9.02 and Section 10.07, if any series of Securities
includes more than one tranche, all provisions of such sections applicable to
any series of Securities shall be deemed equally applicable to each tranche of any series of
Securities in the same manner as though originally designated a series unless
otherwise provided with respect to such series or tranche pursuant to Section
2.03. In particular, and without limiting the scope of the next preceding sentence, any of the provisions
of such sections which provide for or permit action to be taken with respect to
a series of Securities shall also be deemed to provide for and permit such
action to be taken instead only with respect to Securities of one or more tranches within that series
(and such

       

       

      
        
          
          

        

        
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      provisions shall be deemed satisfied thereby), even if no
comparable action is taken with respect to Securities in the remaining tranches
of that series.

      

      

      ARTICLE
3

      

      REDEMPTION

      

      Section
3.01.
Applicability of Article. The provisions of this Article
shall be applicable to the Securities of any series which are
redeemable before their maturity or to any sinking fund for the retirement of
Securities of a series except as otherwise specified as contemplated by Section
2.03 for Securities of such series.

      

      Section
3.02.
Notice of Redemption; Partial Redemptions. Notice of redemption to the Holders of Registered
Securities of any series to be redeemed as a whole or in part at the option of
the Company shall be given by mailing notice of such redemption by first class
mail, postage prepaid, at
least 30 days and not more than 60 days prior to the date fixed for redemption
to such Holders of Registered Securities of such series at their last addresses
as they shall appear upon the registry books. Notice of redemption to
the Holders of Unregistered Securities of
any series to be redeemed as a whole or in part who have filed their names and
addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture
Act, shall be given by mailing notice of such redemption, by first class mail, postage prepaid, at
least 30 days and not more than 60 days prior to the date fixed for redemption,
to such Holders at such addresses as were so furnished to the Trustee (and, in
the case of any such notice given by the Company, the Trustee shall make such information
available to the Company for such purpose). Notice of redemption to all other
Holders of Unregistered Securities of any series to be redeemed as a whole or in
part shall be published in an Authorized Newspaper in The City of New York or with respect to any
Security the interest on which is based on the offered quotations in the
interbank Eurodollar market for dollar deposits in an Authorized Newspaper in
London, in each case, once in each of three successive calendar
weeks, the first publication to be not less
than 30 days nor more than 60 days prior to the date fixed for redemption. Any
notice which is mailed or published in the manner herein provided shall be
conclusively presumed to have been duly given, whether or not the Holder receives the notice. Failure to
give notice by mail, or any defect in the notice to the Holder of any Security
of a series designated for redemption as a whole or in part shall not affect the
validity of the proceedings for the redemption of any other Security of such
series.

      

      The notice of redemption to each such
Holder shall specify the principal amount of each Security of such series held
by such Holder to be redeemed, the CUSIP numbers of the Securities to be
redeemed, the date fixed for redemption,

       

       

      
        
          
          

        

        
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      the redemption price, or if not then
ascertainable, the manner
of calculation thereof, the place or places of payment, that payment will be
made upon presentation and surrender of such Securities and, in the case of
Securities with coupons attached thereto, of all coupons appertaining thereto
maturing after the date fixed for redemption,
that such redemption is pursuant to the mandatory or optional sinking fund, or
both, if such be the case, that interest accrued to the date fixed for
redemption will be paid as specified in such notice and that on and after said date interest thereon or on
the portions thereof to be redeemed will cease to accrue. In case any Security
of a series is to be redeemed in part only, the notice of redemption shall state
the portion of the principal amount thereof to be redeemed and shall state that on and after the
date fixed for redemption, upon surrender of such Security, a new Security or
Securities of such series and tenor in principal amount equal to the unredeemed
portion thereof will be issued.

      

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

      

      On or before 10:00 a.m. New York City
time on the redemption date
or, in the case of Unregistered Securities, on or before 10:00 a.m. New York
City time on the Business Day prior to the redemption date specified in the
notice of redemption given as provided in this Section, the Company will deposit
with the Trustee or with one or more Paying Agents (or,
if the Company is acting as its own Paying Agent, set aside, segregate and hold
in trust as provided in Section 2.06) an amount of money sufficient to redeem on
the redemption date all the Securities of such series so called for redemption at the
appropriate redemption price, together with accrued interest to the date fixed
for redemption. If all of the outstanding Securities of a series are to be
redeemed, the Company will deliver to the Trustee at least 10 days
prior to the last date on which notice of
redemption may be given to Holders pursuant to the first paragraph of this
Section 3.02 (or such shorter period as shall be acceptable to the Trustee) an
Officers’ Certificate stating that all such
Securities are to be redeemed. If less than all the
outstanding Securities of a series are to be redeemed, the Company will deliver
to the Trustee at least 15 days prior to the last date on which notice of
redemption may be given to Holders pursuant to the first paragraph of
this Section 3.02 (or such shorter period
as shall be acceptable to the Trustee) an Officers’ Certificate stating the aggregate
principal amount of such Securities to be redeemed. In the case of any
redemption of Securities (a) prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture, or (b)
pursuant to an election of the Company which is subject to a condition specified
in the terms of such Securities or elsewhere in this Indenture, the Company shall deliver to the
Trustee, prior to the giving of any notice of redemption to Holders pursuant to
this Section, an Officers’ Certificate evidencing compliance with
such restriction or condition.

       

       

      
        
          
          

        

        
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      If less than all the Securities of a
series are to be redeemed, the Trustee shall select, pro rata, by lot or in such
manner as it shall deem appropriate and fair, Securities of such series to be
redeemed in whole or in part. Securities may be redeemed in part in principal amounts equal to
authorized denominations for Securities of such series. The Trustee shall
promptly notify the Company in writing of the Securities of such series selected
for redemption and, in the case of any Securities of such series selected for partial redemption, the
principal amount thereof to be redeemed. For all purposes of this Indenture,
unless the context otherwise requires, all provisions relating to the redemption
of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to
the portion of the principal amount of such Security which has been or is to be
redeemed.

      

      Section
3.03.
Payment Of Securities Called For Redemption. If notice of redemption has been given as above
provided, the Securities or
portions of Securities specified in such notice shall become due and payable on
the date and at the place stated in such notice at the applicable redemption
price, together with interest accrued to the date fixed for redemption, and on
and after such date (unless the Company shall
default in the payment of such Securities at the redemption price, together with
interest accrued to such date) interest on the Securities or portions of
Securities so called for redemption shall cease to accrue, and the unmatured coupons, if any, appertaining
thereto shall be void and, except as provided in Sections 7.12 and 8.02, such
Securities shall cease from and after the date fixed for redemption to be
entitled to any benefit under this Indenture, and the Holders thereof shall have no right in respect of
such Securities except the right to receive the redemption price thereof and
unpaid interest to the date fixed for redemption. On presentation and surrender
of such Securities at a place of payment specified in said notice, together with all coupons, if
any, appertaining thereto maturing after the date fixed for redemption, said
Securities or the specified portions thereof shall be paid and redeemed by the
Company at the applicable redemption price, together with interest accrued thereon to the date fixed
for redemption; provided that payment of interest becoming due on or prior to
the date fixed for redemption shall be payable in the case of Securities with
coupons attached thereto, to the Holders of the coupons for such interest upon surrender thereof, and
in the case of Registered Securities, to the Holders of such Registered
Securities registered as such on the relevant record date subject to the terms
and provisions of Sections 2.04 and 2.13 hereof.

      

      If any Security called for redemption shall not be so
paid upon surrender thereof for redemption, the principal shall, until paid or
duly provided for, bear interest from the date fixed for redemption at the rate
of interest or Yield to Maturity (in the case of an Original Issue Discount Security) borne by
such Security.

       

       

      
        
          
          

        

        
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      If any Security with coupons attached
thereto is surrendered for redemption and is not accompanied by all appurtenant
coupons maturing after the date fixed for redemption, the surrender of such
missing coupon or coupons may be waived by the Company and the Trustee, if there be furnished to each
of them such security or indemnity as they may require to save each of them
harmless.

      

      Upon presentation of any Security of any
series redeemed in part only, the Company shall execute and the Trustee shall
authenticate and deliver to
or on the order of the Holder thereof, at the expense of the Company, a new
Security or Securities of such series and tenor (with any unmatured coupons
attached), of authorized denominations, in principal amount equal to the
unredeemed portion of the Security so
presented.

      

      Section
3.04.
Exclusion of Certain Securities from Eligibility for Selection for Redemption.
Securities shall be
excluded from eligibility for selection for redemption if they are identified by
registration and certificate number in a written statement signed
by an authorized officer of the Company and delivered to the Trustee at least 40
days prior to the last date on which notice of redemption may be given as being
owned of record and beneficially by, and not pledged or hypothecated by, either (a) the
Company or (b) an entity specifically identified in such written statement as
directly or indirectly controlling or controlled by or under direct or indirect
common control with the Company.

      

      Section
3.05.
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 the Securities of any series is
herein referred to as an “optional sinking
fund payment”. The date on which a sinking fund
payment is to be made is herein referred to as the “sinking fund payment
date”.

      

      In lieu of making all or any part of any
mandatory sinking fund payment with respect to any series of Securities in cash,
the Company may at its option (a) deliver to the Trustee Securities of such
series theretofore purchased or otherwise acquired (except through a mandatory sinking fund
payment) by the Company or receive credit for Securities of such series (not
previously so credited) theretofore purchased or otherwise acquired (except as
aforesaid) by the Company and delivered to the Trustee for cancellation pursuant to Section 2.11, (b)
receive credit for optional sinking fund payments (not previously so credited)
made pursuant to this Section, or (c) receive credit for Securities of such
series (not previously so credited) redeemed by the Company at the option of the Company pursuant to the
terms of such Securities or through any optional sinking fund payment.
Securities so delivered or credited shall be received or credited by the Trustee
at the sinking fund redemption price specified in such Securities.

       

       

      
        
          
          

        

        
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      On or before the sixtieth day next
preceding each sinking fund payment date for any series, or such shorter period
as shall be acceptable to
the Trustee, the Company will deliver to the Trustee an Officers’ Certificate (a) specifying the portion
of the mandatory sinking fund payment to be satisfied by payment of cash and the
portion to be satisfied by credit of specified Securities of such series and the basis for
such credit, (b) stating that none of the specified Securities of such series
has theretofore been so credited, (c) stating that no defaults in the payment of
interest or Events of Default with respect to such series have occurred (which have not been
waived or cured) and are continuing and (d) stating whether or not the Company
intends to exercise its right to make an optional sinking fund payment with
respect to such series and, if so, specifying the amount of such optional sinking fund payment which the
Company intends to pay on or before the next succeeding sinking fund payment
date. Any Securities of such series to be credited and required to be delivered
to the Trustee in order for the Company to be entitled to credit therefor as aforesaid which have
not theretofore been delivered to the Trustee shall be delivered for
cancellation pursuant to Section 2.11 to the Trustee with such
Officers’ Certificate (or reasonably promptly
thereafter if acceptable to the Trustee). Such Officers’ Certificate shall be irrevocable and
upon its receipt by the Trustee the Company shall become unconditionally
obligated to make all the cash payments or delivery of Securities therein
referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the
Company, on or before any such sixtieth day, to deliver such Officer’s Certificate and Securities specified
in this paragraph, if any, shall not constitute a default but shall constitute,
on and as of such date, the irrevocable 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 $50,000 (or a lesser sum if the Company shall so request with
respect to the Securities of any 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
thereof together with accrued interest thereon to the date fixed for redemption.
If such amount shall be $50,000 (or such lesser sum) or less and the Company makes no such
request then it shall be carried over until a sum in excess of $50,000 (or such
lesser sum) is available. The Trustee shall select, in the manner provided in
Section 3.02, for redemption on such sinking fund payment date a sufficient principal amount of
Securities of such series to absorb said cash, as nearly as may be, and shall
(if requested in writing by the Company) inform the Company of the serial
numbers of the Securities of

       

       

      
        
          
          

        

        
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      such series (or portions thereof) so
selected. Securities shall be excluded from eligibility for redemption under
this Section if they are identified by registration and certificate
number in an Officers’ Certificate delivered to the Trustee at
least 60 days prior to the sinking fund payment date as being owned of record
and beneficially by, and not pledged or hypothecated by either (a) the Company
or (b) an entity specifically identified
in such Officers’ Certificate as directly or indirectly
controlling or controlled by or under direct or indirect common control with the
Company. The Trustee, in the name and at the expense of the Company (or the
Company, if it shall so request the Trustee
in writing) shall cause notice of redemption of the Securities of such series to
be given in substantially the manner provided in Section 3.02 (and with the
effect provided in Section 3.03) for the redemption of Securities of such series in part at the
option of the Company. The amount of any sinking fund payments not so applied or
allocated to the redemption of Securities of such series shall be added to the
next cash sinking fund payment for such series and, together with such payment, shall be applied
in accordance with the provisions of this Section. Any and all sinking fund
moneys held on the stated maturity date of the Securities of any particular
series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of
particular Securities of such series shall be applied, together with other
moneys, if necessary, sufficient for the purpose, to the payment of the
Principal of, and interest on, the Securities of such series at maturity.

      

      On or before 10:00 a.m. New York City
time on each sinking fund payment date or, in the case of Unregistered
Securities, 10:00 a.m. New York City time on the Business Day prior to the
sinking fund payment date, the Company shall pay to the Trustee in cash or shall otherwise provide for
the payment of all interest accrued to the date fixed for redemption on
Securities to be redeemed on the next following sinking fund payment
date.

      

      The Trustee shall not redeem or cause to
be redeemed any Securities of a series with sinking fund moneys or
mail any notice of redemption of Securities of such series by operation of the
sinking fund during the continuance of a Default in payment of interest on such
Securities or of any Event of Default except that, where the mailing of notice of redemption of any
Securities shall theretofore have been made, the Trustee shall redeem or cause
to be redeemed such Securities, provided that it shall have received from the
Company a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund
for such series at the time when any such Default or Event of Default shall
occur, and any moneys thereafter paid into the sinking fund, shall, during the
continuance of such Default or Event of Default, be deemed to have been collected under Article 6 and
held for the payment of all such Securities. In case such Event of Default shall
have been waived as provided in Section 6.04 or the Default cured on or before
the sixtieth day preceding the sinking fund payment date in any year, such

       

       

      
        
          
          

        

        
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      moneys shall thereafter be applied on
the next succeeding sinking fund payment date in accordance with this Section to
the redemption of such Securities.

      

      

      ARTICLE
4

      

      COVENANTS

      

      Section
4.01.
Payment of Securities. The Company shall pay the Principal of and interest on the
Securities on the dates and in the manner provided in the Securities and this
Indenture. The interest on Securities with coupons attached (together with any
additional amounts payable pursuant to the terms of such Securities) shall be payable only upon
presentation and surrender of the several coupons for such interest installments
as are evidenced thereby as they severally mature. The interest on any temporary
Unregistered Securities (together with any additional amounts payable pursuant to the terms of such
Securities) shall be paid, as to the installments of interest evidenced by
coupons attached thereto, if any, only upon presentation and surrender thereof,
and, as to the other installments of interest, if any, only upon presentation of such Unregistered
Securities for notation thereon of the payment of such interest. The interest on
Registered Securities (together with any additional amounts payable pursuant to
the terms of such Securities) shall be payable only to the Holders thereof (subject to Section 2.04)
and at the option of the Company may be paid by mailing checks for such interest
payable to or upon the written order of such Holders at their last addresses as
they appear on the Security Register of the Company.

      

      Notwithstanding any provisions of this
Indenture and the Securities of any series to the contrary, if the Company and a
Holder of any Registered Security so agree, payments of interest on, and any
portion of the Principal of, such Holder’s Registered Security (other than interest payable at
maturity or on any redemption or repayment date or the final payment of
Principal on such Security) shall be made by the Paying Agent, upon receipt from
the Company of immediately available funds by 11:00 A.M., New York City time (or such other time as may be
agreed to between the Company and the Paying Agent), directly to the Holder of
such Security (by Federal funds wire transfer or otherwise) if the Holder has
delivered written instructions to the Trustee 15 days prior to such payment date requesting that
such payment will be so made and designating the bank account to which such
payments shall be so made and in the case of payments of Principal, surrenders
the same to the Trustee in exchange for a Security or Securities aggregating the same principal amount
as the unredeemed principal amount of the Securities surrendered. The Trustee
shall be entitled to rely on the last instruction delivered by the Holder
pursuant to this Section 4.01 unless a new instruction is delivered 15 days prior to a payment date. The
Company will indemnify and hold each of the Trustee and any Paying Agent
harmless against any loss, liability or expense (including attorneys’ fees) resulting from any act or
omission to act on

       

       

      
        
          
          

        

        
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      the part of the Company or any such
Holder in connection with any such agreement or from making any payment in
accordance with any such agreement.

      

      The Company shall pay interest on
overdue Principal, and interest on overdue installments of interest, to the
extent lawful, at the rate per annum specified in the
Securities.

      

      Section
4.02.
Maintenance of Office or Agency. The Company will maintain in the United States of America, an office or
agency where Securities may be surrendered for registration of transfer or
exchange or for presentation for payment and where notices and demands to or
upon the Company in respect of the Securities and this Indenture may be served. The Company hereby
initially designates the         ,
located in           , as such
office or agency of the Company. The Company will give prompt written notice to
the Trustee of the location, and any change in the location, of such office or
agency. If at any time the Company shall fail to
maintain any such required office or agency or shall fail to furnish the Trustee
with the address thereof, such presentations, surrenders, notices and demands
may be made or served at the address of the Trustee set forth in Section 10.02.

      

      The Company will maintain one or more
agencies in a city or cities located outside the United States of America
(including any city in which such an agency is required to be maintained under
the rules of any stock exchange on which the Securities of any series are listed)
where the Unregistered Securities, if any, of each series and coupons, if any,
appertaining thereto may be presented for payment. No payment on any
Unregistered Security or coupon will be made upon presentation of such
Unregistered Security or coupon at an
agency of the Company within the United States of America nor will any payment
be made by transfer to an account in, or by mail to an address in, the United
States of America unless, pursuant to applicable United States laws and regulations then in effect,
such payment can be made without adverse tax consequences to the Company.
Notwithstanding the foregoing, if full payment in United States Dollars
(“Dollars”) at each agency maintained by the
Company outside the United States of America for payment on such
Unregistered Securities or coupons appertaining thereto is illegal or
effectively precluded by exchange controls or other similar restrictions,
payments in Dollars of Unregistered Securities of any series and coupons
appertaining thereto which are payable in
Dollars may be made at an agency of the Company maintained in the United States
of America.

      

      The Company may also from time to time
designate one or more other offices or agencies where the Securities of any
series may be presented or
surrendered for any or all such purposes and may from time to time rescind such
designations; provided that no such designation or rescission shall in any
manner relieve the Company of its obligation to maintain an office or agency in
the

       

       

      
        
          
          

        

        
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      United States of America 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.
Securityholders’ Lists. The Company will furnish or cause to be furnished to the Trustee a list in
such form as the Trustee may reasonably require of the names and addresses of
the holders of the Securities pursuant to Section 312 of the Trust Indenture Act
of 1939 (a) semi-annually not more than 15 days after each record
date for the payment of semi-annual interest on the Securities, as hereinabove
specified, as of such record date, and (b) at such other times as the Trustee
may request in writing, within thirty days after receipt by the Company of any such request as of a
date not more than 15 days prior to the time such information is
furnished.

      

      Section
4.04.
Certificate to Trustee. The Company will furnish to
the Trustee annually, on or before a date
not more than four months after the end of its fiscal year (which, on
the date hereof, is a calendar year), a brief certificate (which need not
contain the statements required by Section 10.04) from its principal executive,
financial or accounting officer as to his or her knowledge of the compliance of the Company with all
conditions and covenants under this Indenture (such compliance to be determined
without regard to any period of grace or requirement of notice provided under
this Indenture) which certificate shall comply with the requirements of the Trust Indenture
Act.

      

      Section
4.05.
Reports by the Company. The Company covenants to
file with the Trustee, within 15 days after
the Company files the same with the Commission, copies of the annual reports
and of the information, documents, and other reports which the Company may be
required to file with the Commission pursuant to Section 13 or Section 15(d) of
the Exchange Act.

      

      Section
4.06. Additional
Amounts. If the Securities of a series provide
for the payment of additional amounts, at
least 10 days prior to the first interest payment date with respect to that
series of Securities and at least 10 days prior to each date of payment of
Principal of or interest on the Securities of that series if there has
been a change with respect to the matters set forth in the below- mentioned
Officers’ Certificate, the Company shall furnish
to the Trustee and the principal paying agent, if other than the Trustee, an
Officers’ Certificate instructing the Trustee and such
paying agent whether such payment of Principal of or interest on the Securities
of that series shall be made to Holders of the Securities of that series without
withholding or deduction for or on account of any tax, assessment or other governmental charge
described in the Securities of that series. If any such withholding or deduction
shall be required, then such Officers’ Certificate shall specify by country
the amount, if any, required to be withheld or deducted on such payments to such Holders and shall
certify the fact that

       

       

      
        
          
          

        

        
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      additional amounts will be payable and
the amounts so payable to each Holder, and the Company shall pay to the Trustee
or such paying agent the additional amounts required to be paid by this Section.
The Company covenants to indemnify the Trustee and any paying agent for, and to hold them
harmless against, any loss, liability or expense reasonably incurred without
negligence or bad faith on their part arising out of or in connection with
actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this
Section.

      

      Whenever in this Indenture there is
mentioned, in any context, the payment of the Principal of or interest or any
other amounts on, or in respect of, any Security of any series, such mention
shall be deemed to include
mention of the payment of additional amounts provided by the terms of such
series established hereby or pursuant hereto to the extent that, in such
context, additional amounts are, were or would be payable in respect thereof
pursuant to such terms, and express mention of the payment of
additional amounts (if applicable) in any provision hereof shall not be
construed as excluding the payment of additional amounts in those provisions
hereof where such express mention is not made.

      

      

      ARTICLE
5

      

      SUCCESSOR CORPORATION

      

      Section
5.01.
When Company May Merge, Etc. The Company shall not consolidate with, merge with or into, or
sell, convey, transfer, lease or otherwise dispose of all or substantially all
of its property and assets (in one transaction or a series of related transactions) to, any
Person unless either (x) the Company shall be the continuing Person or (y) the
Person (if other than the Company) formed by such consolidation or into which
the Company is merged or to which properties and assets of the Company shall be sold, conveyed,
transferred or leased shall be a Person organized and validly existing under the
laws of the United States of America or any jurisdiction thereof and shall
expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the
obligations of the Company on all of the Securities and under this Indenture and
the Company in the case of clauses (x) and (y) shall have delivered to the
Trustee (A) an Opinion of Counsel stating that such consolidation, merger or sale, conveyance, transfer or
lease and such supplemental indenture (if any) complies with this provision and
that all conditions precedent provided for herein relating to such transaction
have been complied with and that such supplemental indenture (if any) constitutes the legal, valid
and binding obligation of the Company and such successor enforceable against
such entity in accordance with its terms, subject to customary exceptions and
(B) an Officers’ Certificate to the effect that
immediately after giving effect to such transaction,
no Default shall have occurred and be continuing.

       

       

      
        
          
          

        

        
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      Section
5.02.
Successor Substituted. Upon any consolidation or
merger, or any sale, conveyance, transfer, lease
or other disposition of all or substantially all of the property and assets of
the Company in accordance with Section 5.01 of this Indenture, the successor
Person formed by such
consolidation or into which the Company is merged or to which such sale,
conveyance, transfer, lease or other disposition is made shall succeed to, and
be substituted for, and may exercise every right and power of, the Company under
this Indenture with the same effect as if
such successor Person had been named as the Company herein and thereafter the
predecessor Person, except in the case of a lease, shall be relieved of all
obligations and covenants under this Indenture and the Securities.

      

      

      ARTICLE
6

      

      DEFAULT AND REMEDIES

      

      Section
6.01.
Events of Default. An “Event of
Default” shall occur with respect to the Securities of any series
if:

      

      (a) the Company defaults in the payment of
the Principal of any Security of such series when the same becomes due and
payable at maturity, upon acceleration, redemption or mandatory repurchase,
including as a sinking fund installment, or otherwise;

      

      (b) the Company defaults in the payment of
interest on any Security of such series when the same becomes due and payable,
and such default continues for a period of 30 days;

      

      (c) the Company defaults in the performance
of or breaches any other covenant or agreement of the Company in this Indenture
with respect to any Security of such series or in the Securities of such series
and such default or breach continues for a period of 30 consecutive days after
written notice to the Company by the Trustee or to the Company and the Trustee by the Holders of 25%
or more in aggregate principal amount of the Securities of all series affected
thereby specifying such default or breach and requiring it to be remedied and
stating that such notice is a “Notice of Default” hereunder;

      

      (d) a court having jurisdiction in the
premises shall enter a decree or order for relief in respect of the Company in
an involuntary case under any applicable bankruptcy, insolvency or other similar
law now or hereafter in effect, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of the Company
or for any substantial part of its property or ordering the winding up or
liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period
of 60 consecutive days;

      

       

      
        
          
          

        

        
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      (e) the Company (i) commences a voluntary
case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or consents to the entry of an order for relief in an
involuntary case under any such law, (ii) consents to the appointment of or taking possession by a
receiver, liquidator, assignee, custodian, trustee, sequestrator or similar
official of the Company or for all or substantially all of the property and
assets of the Company or (iii) effects any general assignment for the
benefit of creditors;
or

      

      (f) any other Event of Default established
pursuant to Section 2.03 with respect to the Securities of such series
occurs.

      

      Section
6.02.
Acceleration. (a) If an Event of Default other than
as described in clauses (d) or (e) of
Section 6.01 with respect
to the Securities of any series then outstanding occurs and is continuing, then,
and in each and every such case, except for any series of Securities the
principal of which shall have already become due and payable, either the
Trustee or the Holders of not less than 25%
in aggregate principal amount of the Securities of any such series then
outstanding hereunder (all such series voting together as a single class) by
notice in writing to the Company (and to the Trustee if given by Securityholders), may declare the entire
principal (or, if the Securities of any such series are Original Issue Discount
Securities, such portion of the principal amount as may be specified in the
terms of such series established pursuant to Section 2.03) of all Securities of such series, and the
interest accrued thereon, if any, to be due and payable immediately, and upon
any such declaration the same shall become immediately due and
payable.

      

      (b)
If an Event of Default
described in clause (d) or (e) of Section 6.01 occurs and is continuing, then the
principal amount (or, if any Securities are Original Issue Discount Securities,
such portion of the principal as may be specified in the terms thereof
established pursuant to Section 2.03) of all the Securities then outstanding and interest accrued
thereon, if any, shall be and become immediately due and payable, without any
notice or other action by any Holder or the Trustee, to the full extent
permitted by applicable law.

      

      The foregoing provisions, however, are
subject to the condition
that if, at any time after the principal (or, if the Securities are Original
Issue Discount Securities, such portion of the principal as may be specified in
the terms thereof established pursuant to Section 2.03) of the
Securities of any series (or of all the Securities,
as the case may be) shall have been so declared or become due and payable, and
before any judgment or decree for the payment of the moneys due shall have been
obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the
Trustee a sum sufficient to pay all matured installments of interest upon all
the Securities of each such series (or of all the Securities, as the case may
be) and the principal of any and all Securities of each such series (or of all the Securities, as the
case may be) which shall have become

       

       

      
        
          
          

        

        
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      due otherwise than by acceleration (with
interest upon such principal and, to the extent that payment of such interest is
enforceable under applicable law, on overdue installments of interest, at the
same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount
Securities) specified in the Securities of each such series to the date of such
payment or deposit) and such amount as shall be sufficient to cover all amounts
owing the Trustee under Section 7.07, and if any and all Events of Default under the Indenture,
other than the non-payment of the principal of Securities which shall have
become due by acceleration, shall have been cured, waived or otherwise remedied
as provided herein, then and in every such case the Holders of a majority in aggregate principal
amount of all the then outstanding Securities of all such series that have been
accelerated (voting as a single class), by written notice to the Company and to
the Trustee, may waive all defaults with respect to all such series (or with respect to all the
Securities, as the case may be) and rescind and annul such declaration and its
consequences, but no such waiver or rescission and annulment shall extend to or
shall affect any subsequent default or shall impair any right consequent thereon.

      

      For all purposes under this Indenture,
if a portion of the principal of any Original Issue Discount Securities shall
have been accelerated and declared or become due and payable pursuant to the
provisions hereof, then, from and after such declaration, unless such declaration
has been rescinded and annulled, the principal amount of such Original Issue
Discount Securities shall be deemed, for all purposes hereunder, to be such
portion of the principal thereof as shall be due and payable as a result of such acceleration, and
payment of such portion of the principal thereof as shall be due and payable as
a result of such acceleration, together with interest, if any, thereon and all
other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount
Securities.

      

      Section
6.03.
Other Remedies. If a payment default or an Event
of Default with respect to the Securities
of any series occurs and is continuing, the Trustee may pursue, in its own name
or as trustee of an express trust, any available remedy by proceeding at law or
in equity to collect the payment of Principal of and interest on the Securities of such series or
to enforce the performance of any provision of the Securities of such series or
this Indenture.

      

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

      

      Section
6.04.
Waiver of Past Defaults. Subject to Sections 6.02, 6.07
and 9.02, the Holders of at least a majority
in principal amount (or, if the Securities are Original Issue Discount
Securities, such portion of the principal as is then accelerable under Section 6.02) of
the outstanding Securities of all series affected (voting as a single class), by
notice to the Trustee, may waive an existing Default

       

       

      
        
          
          

        

        
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      or Event of Default with respect to the
Securities of such series and its consequences, except a Default in the payment
of Principal of or interest on any Security as specified in clauses (a) or (b)
of Section 6.01 or in respect of a covenant or provision of this Indenture which cannot be
modified or amended without the consent of the Holder of each outstanding
Security affected. Upon any such waiver, such Default shall cease to exist, and
any Event of Default with respect to the Securities of such series arising therefrom shall be deemed to have
been cured, for every purpose of this Indenture; but no such waiver shall extend
to any subsequent or other Default or Event of Default or impair any right
consequent thereto.

      

      Section
6.05.
Control by Majority. Subject to Sections 7.01 and
7.02(e), the Holders of at least a majority in
aggregate principal amount (or, if any Securities are Original Issue Discount
Securities, such portion of the principal as is then accelerable under Section
6.02) of the outstanding Securities of all series affected (voting
as a single class) may direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee or exercising any trust or
power conferred on the Trustee with respect to the Securities of such series by this Indenture;
provided, that the Trustee may refuse to follow any direction that conflicts
with law or this Indenture, that may involve the Trustee in personal liability
or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders not
joining in the giving of such direction; and provided further, that the Trustee
may take any other action it deems proper that is not inconsistent with any
directions received from Holders of Securities pursuant to this Section 6.05.

      

      Section
6.06.
Limitation on Suits. No Holder of any Security of
any series may institute any proceeding,
judicial or otherwise, with respect to this Indenture or the Securities of such
series, or for the appointment of a receiver or trustee, or for any other remedy hereunder,
unless:

      

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

      

      (b) the Holders of at least 25% in aggregate
principal amount of
outstanding Securities of all such series affected shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default in its own name as Trustee hereunder;

      

      (c) such Holder or Holders have offered to
the Trustee indemnity reasonably satisfactory to the Trustee against any costs,
liabilities or expenses to be incurred in compliance with such
request;

      

       

      
        
          
          

        

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

      

      (e) during such 60-day period, the Holders
of a majority in aggregate principal amount of the outstanding Securities of all
such affected series have not given the Trustee a direction that is inconsistent
with such written request.

      

      A Holder may not use this Indenture to
prejudice the rights of another Holder or to obtain a preference or priority
over such other 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 or interest, if any, on such
Holder’s Security on or after the respective
due dates expressed on such Security, or to bring suit for the enforcement of
any such payment on or after such respective dates, shall not be impaired or
affected without the consent of such Holder.

      

      Section
6.08.
Collection Suit by Trustee. If an Event of Default with respect to the Securities of any series
in payment of Principal or interest specified in clause (a) or (b) of Section 6.01 occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of
an express trust against the Company for the whole amount (or such portion
thereof as specified in the terms established pursuant to Section 2.03 of Original Issue Discount
Securities) of Principal of, and accrued interest remaining unpaid on, together
with interest on overdue Principal of, and, to the extent that payment of such
interest is lawful, interest on overdue installments of interest on, the Securities of such series, in
each case at the rate or Yield to Maturity (in the case of Original Issue
Discount Securities) specified in such Securities, and such further amount as
shall be sufficient to cover all amounts owing the Trustee under Section 7.07.

      

      Section
6.09.
Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for amounts due the Trustee under Section 7.07) and
the Holders allowed in any judicial proceedings relative to the Company (or any other obligor on
the Securities), its creditors or its property and shall be entitled and
empowered to collect and receive any moneys, securities or other property
payable or deliverable upon conversion or exchange of the Securities or upon any such claims and to
distribute the same, and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the

       

       

      
        
          
          

        

        
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      Holders, to pay to the
Trustee any amount due to
it under Section 7.07. Nothing herein contained shall be deemed to empower 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.
Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in
respect of the Securities
of any series shall be applied in the following order at the date or dates fixed
by the Trustee and, in case of the distribution of such moneys on account of
Principal or interest, upon presentation of the several Securities and
coupons appertaining to such Securities in
respect of which moneys have been collected and noting thereon the payment, or
issuing Securities of such series and tenor in reduced principal amounts in
exchange for the presented Securities of such series and tenor if only partially paid, or upon
surrender thereof if fully paid:

      

      FIRST: To the payment of all amounts due
the Trustee under Section 7.07 applicable to the Securities of such series in
respect of which moneys have been collected;

      

      SECOND: In case the principal of the
Securities of such series in respect of which moneys have been collected shall
not have become and be then due and payable, to the payment of interest on the
Securities of such series in default in the order of the maturity of the installments of such
interest, with interest (to the extent that such interest has been collected by
the Trustee) upon the overdue installments of interest at the same rate as the
rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in
such Securities, such payments to be made ratably to the persons entitled
thereto, without discrimination or preference;

      

      THIRD: In case the principal of the
Securities of such series in respect of which moneys have been collected shall have become and
shall be then due and payable, to the payment of the whole amount then owing and
unpaid upon all the Securities of such series for Principal and interest, with
interest upon the overdue Principal, and (to the extent that such interest has been collected by the
Trustee) upon overdue installments of interest at the same rate as the rate of
interest or Yield to Maturity (in the case of Original Issue Discount
Securities) specified in the Securities of such series; and in case such moneys shall be insufficient to
pay in full the whole amount so due and unpaid upon the Securities of such
series, then to the payment of such Principal and interest or Yield to Maturity,
without preference or priority of Principal over interest or Yield to Maturity, or
of

       

       

      
        
          
          

        

        
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      interest or Yield to Maturity over Principal, or of any
installment of interest over any other installment of interest, or of any
Security of such series over any other Security of such series, ratably to the
aggregate of such Principal and accrued and unpaid interest or Yield to Maturity; and

      

      FOURTH: To the payment of the remainder,
if any, to the Company or any other person lawfully entitled
thereto.

      

      Section
6.11.
Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to
enforce any right or remedy
under this Indenture and such proceeding has been discontinued or abandoned for
any reason, or has been determined adversely to the Trustee or to such Holder,
then, and in every such case, subject to any determination in such proceeding,
the Company, the Trustee and the Holders
shall be restored to their former positions hereunder and thereafter all rights
and remedies of the Company, Trustee and the Holders shall continue as though no
such proceeding had been instituted.

      

      Section
6.12. 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
Trustee, in either case in respect to the Securities of any series, a court may
require any party litigant
in such suit (other than the Trustee) to file an undertaking to pay the costs of
the suit, and the court may assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant (other
than the Trustee) in the suit having due regard to the merits and
good faith of the claims or defenses made by the party litigant. This Section
6.12 does not apply to a suit by a Holder pursuant to Section 6.07, a suit
instituted by the Trustee or a suit by Holders of more than 10% in principal amount of the outstanding
Securities of such series.

      

      Section
6.13.
Rights and Remedies Cumulative. Except as otherwise provided with respect to the
replacement or payment of
mutilated, destroyed, lost or wrongfully taken Securities in Section 2.08, no
right or remedy herein conferred upon or reserved to the Trustee or to the
Holders is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by
law, be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or
remedy.

      

      Section
6.14.
Delay or Omission not Waiver. No delay or omission of the Trustee or of any Holder to exercise any
right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an
acquiescence therein. Every right and remedy given

       

       

      
        
          
          

        

        
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      by this Article 6 or by law to the
Trustee or to the Holders may be exercised from time to time, and as often as
may be deemed expedient, by the Trustee or by the Holders, as the case may
be.

      

      

      ARTICLE
7

      

      TRUSTEE

      

      Section
7.01.
General. The duties and responsibilities of the
Trustee shall be as provided by the Trust Indenture
Act and as set forth herein. Notwithstanding the foregoing, no provision of this
Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise
of any of its rights or powers, unless it receives indemnity satisfactory to it
against any loss, liability or expense. Whether or not therein expressly so provided, every
provision of this Indenture relating to the conduct or affecting the liability
of or affording protection to the Trustee shall be subject to the provisions of
this Article 7.

      

      

      Section
7.02.
Certain Rights of Trustee. Subject to Trust Indenture Act Sections 315(a) through
(d):

      

      (a) the Trustee may rely and shall be
protected in acting or refraining from acting upon any resolution, certificate,
Officers’ Certificate, Opinion of Counsel (or
both), statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other
paper or document believed by it to be genuine and to have been signed or presented by the proper person
or persons. The Trustee need not investigate any fact or matter stated in the
document, but the Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit;

      

      (b) before the Trustee acts or refrains from
acting, it may require an Officers’ Certificate and/or an Opinion of
Counsel, which shall conform to Section 10.04 and shall cover such other matters
as the Trustee may reasonably request. The Trustee shall not be liable for any action it takes or
omits to take in good faith in reliance on such certificate or opinion. Subject
to Sections 7.01 and 7.02, whenever in the administration of the trusts of this
Indenture the Trustee shall deem it necessary or desirable that a matter be proved or
established prior to taking or suffering or omitting any action hereunder, such
matter (unless other evidence in respect thereof be herein specifically
prescribed) may, in the absence of negligence or bad faith on the part
of the Trustee, be deemed to be
conclusively proved and established by an Officers’

       

       

      
        
          
          

        

        
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      Certificate delivered to the Trustee,
and such certificate, in the absence of negligence or bad faith on the part of
the Trustee, shall be full warrant to the Trustee for any action taken, suffered
or omitted by it under the provisions of this Indenture upon the faith
thereof;

      

      (c) the Trustee may act through its
attorneys and agents not regularly in its employ and shall not be responsible
for the misconduct or negligence of any agent or attorney appointed with due
care;

      

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

      

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

      

      (f) the Trustee shall not be liable for any action it takes or omits
to take in good faith that it believes to be authorized or within its rights or
powers or for any action it takes or omits to take in accordance with the
direction of the Holders in accordance with Section 6.05 relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred upon the Trustee, under this
Indenture;

      

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

      

      (h) prior to the occurrence of an Event of Default
hereunder and after the curing or waiving of all Events of Default, the Trustee
shall not be bound to make any investigation into the facts or matters stated in
any resolution, certificate, Officers’ Certificate, Opinion of Counsel, Board Resolution,
statement, instrument, opinion, report, notice, request, consent, order,
approval, appraisal, bond, debenture, note, coupon, security, or other paper or
document unless requested in writing so to do by the Holders of not
less than a majority in aggregate principal
amount of

       

       

      
        
          
          

        

        
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      the Securities of all series affected
then outstanding; provided that, if the payment within a reasonable time to the
Trustee of the costs, expenses or liabilities likely to be incurred by it in the
making of such investigation is, in the opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this Indenture, the
Trustee may require reasonable indemnity against such expenses or liabilities as
a condition to proceeding.

      

      Section
7.03.
Individual Rights of Trustee. The Trustee, in its
individual or any other capacity, may become the
owner or pledgee of Securities and may otherwise deal with the Company or its
Affiliates with the same rights it would have if it were not the Trustee. Any
Agent may do the same with
like rights. However, the Trustee is subject to Trust Indenture Act Sections
310(b) and 311. For purposes of Trust Indenture Act Section 311(b)(4) and (6),
the following terms shall mean:

      

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

      

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

      

      Section
7.04.
Trustee's Disclaimer. The recitals contained herein and in the Securities (except the
Trustee’s certificate of authentication) shall
be taken as statements of the Company and not of the Trustee and the Trustee
assumes no responsibility for the correctness of the same. Neither the Trustee
nor any of its agents (a)
makes any representation as to the validity or adequacy of this Indenture or the
Securities and (b) shall be accountable for the Company’s use or application of the proceeds
from the Securities.

      

      Section
7.05.
Notice of Default. If any Default with respect to
the Securities of any series occurs and is
continuing and if such Default is known to the actual knowledge of a Responsible
Officer with the Corporate Trust Department of the Trustee, the Trustee shall
give to each Holder of Securities of

       

       

      
        
          
          

        

        
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      such series notice of such Default
within 90 days after it occurs (a) if any Unregistered Securities of such
series are then
outstanding, to the Holders thereof, by publication at least once in an
Authorized Newspaper in the Borough of Manhattan, The City of New York and at
least once in an Authorized Newspaper in London and (b) to all Holders of
Securities of such series in the manner and to the extent
provided in Section 313(c) of the Trust Indenture Act, unless such Default shall
have been cured or waived before the mailing or publication of such notice;
provided, however, that, except in the case of a Default in the payment of the Principal of or
interest on any Security, the Trustee shall be protected in withholding such
notice if the Trustee in good faith determines that the withholding of such
notice is in the interests of the Holders.

      

      Section
7.06.
Reports by Trustee to Holders. The Trustee shall transmit to Holders such reports concerning the
Trustee and its actions under this Indenture as may be required pursuant to the
Trust Indenture Act at the times and in the manner provided pursuant
thereto. If required by
Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days
after each May 15 following the date of this Indenture, deliver to Holders a
brief report, dated as of such May 15, which complies with the provisions of
such Section 313(a).

      

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

      

      Section
7.07.
Compensation and Indemnity. The Company shall pay to the Trustee such compensation as shall
be agreed upon in writing from time to time for its services. The compensation
of the Trustee shall not be
limited by any law on compensation of a Trustee of an express trust. The Company
shall reimburse the Trustee and any predecessor Trustee upon request for all
reasonable out-of-pocket expenses, disbursements and advances incurred or
made by the Trustee or such predecessor
Trustee. Such expenses shall include the reasonable compensation and expenses of
the Trustee’s or such predecessor
Trustee’s agents, counsel and other persons not
regularly in their employ.

      

      The Company shall indemnify the Trustee and any predecessor Trustee
for, and hold them harmless against, any loss or liability or expense incurred
by them without negligence or bad faith on their part arising out of or in
connection with the acceptance or administration of this Indenture and the Securities or the issuance
of the Securities or of series thereof or the trusts hereunder and the
performance of duties under this Indenture and the Securities, including the
costs and expenses of defending themselves against or investigating any claim or liability and of complying
with any process served upon them or any of their

       

       

      
        
          
          

        

        
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      officers in connection with the exercise
or performance of any of their powers or duties under this Indenture and the
Securities.

      

      To secure the Company’s payment obligations in this Section
7.07, the Trustee shall have a lien prior to the Securities on all money or property held or collected by
the Trustee, in its capacity as Trustee, except money or property held in trust
to pay Principal of, and interest on particular Securities.

      

      The obligations of the Company under
this Section to compensate and indemnify the Trustee and each predecessor
Trustee and to pay or reimburse the Trustee and each predecessor Trustee for
expenses, disbursements and advances shall constitute additional indebtedness
hereunder and shall survive the satisfaction and discharge of this Indenture or the rejection or
termination of this Indenture under bankruptcy law. Such additional indebtedness
shall be a senior claim to that of the Securities upon all property and funds
held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of
particular Securities or coupons, and the Securities are hereby subordinated to
such senior claim. Without prejudice to any other rights available to the
Trustee under applicable law, if the Trustee renders services and incurs expenses following an Event of
Default under Section 6.01(d) or Section 6.01(e) hereof, the parties hereto and
the holders by their acceptance of the Securities hereby agree that such
expenses are intended to constitute expenses of administration under any bankruptcy
law.

      

      Section
7.08.
Replacement of Trustee. A resignation or removal of
the Trustee as Trustee with respect to the
Securities of any series and appointment of a successor Trustee as Trustee with
respect to the Securities of any series shall become effective only upon the
successor Trustee’s acceptance of appointment as provided
in this Section 7.08.

      

      The Trustee may resign as Trustee with
respect to the Securities of any series at any time by so notifying the Company in writing. The
Holders of a majority in principal amount of the outstanding Securities of any
series may remove the Trustee as Trustee with respect to the Securities of such
series by so notifying the Trustee in writing and may appoint a successor Trustee with respect
thereto with the consent of the Company. The Company may remove the Trustee as
Trustee with respect to the Securities of any series if: (i) the Trustee is no
longer eligible under Section 7.11 of this Indenture; (ii) the Trustee is adjudged a bankrupt or
insolvent; (iii) a receiver or other public officer takes charge of the Trustee
or its property; or (iv) the Trustee becomes incapable of
acting.

      

      If the Trustee resigns or is removed as
Trustee with respect to the Securities of any series, or if a vacancy
exists in the office of Trustee with respect to the Securities of any series for
any reason, the Company shall promptly appoint

       

       

      
        
          
          

        

        
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      a successor Trustee with respect
thereto. Within one year after the successor Trustee takes office, the Holders
of a majority in principal amount of the outstanding Securities of such series
may appoint a successor Trustee in respect of such Securities to replace the successor Trustee appointed
by the Company. If the successor Trustee with respect to the Securities of any
series does not deliver its written acceptance required by Section 7.09 within
30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the
Holders of a majority in principal amount of the outstanding Securities of such
series may petition any court of competent jurisdiction for the appointment of a
successor Trustee with respect thereto.

      

      The Company shall give notice of any resignation and
any removal of the Trustee with respect to the Securities of any series and each
appointment of a successor Trustee in respect of the Securities of such series
to all Holders of Securities of such series. Each notice shall include the name of the successor
Trustee and the address of its Corporate Trust Office.

      

      Notwithstanding replacement of the
Trustee with respect to the Securities of any series pursuant to this Section
7.08 and Section 7.09, the Company’s obligations under Section 7.07 shall continue for
the benefit of the retiring Trustee.

      

      Section
7.09. Acceptance of
Appointment by Successor. In case of the appointment hereunder of a successor
Trustee with respect to all Securities, every such successor Trustee
so appointed shall execute,
acknowledge and deliver to the Company and to the retiring Trustee an instrument
accepting such appointment, and thereupon the resignation or removal of the
retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the
retiring Trustee; but, on the request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges and subject to the lien provided for in
Section 7.07, execute and deliver an instrument transferring to such successor
Trustee all the rights, powers and trusts of the retiring Trustee and shall duly
assign, transfer and deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder.

      

      In case of the appointment hereunder of
a successor Trustee with respect to the Securities of one or more (but not all)
series, the Company, the retiring Trustee and each successor Trustee with
respect to the Securities
of one or more series shall execute and deliver an indenture supplemental hereto
wherein each successor Trustee shall accept such appointment and which (1) shall
contain such provisions as shall be necessary or desirable to transfer
and confirm to, and to vest in, each
successor Trustee all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, (2) if the retiring Trustee is not

       

       

      
        
          
          

        

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

      

      Upon request of any such successor
Trustee, the Company shall execute any and all instruments for more fully and
certainly vesting in and confirming to such successor Trustee all such rights, powers and
trusts referred to in the first or second preceding paragraph, as the case may
be.

      

      No successor Trustee shall accept its
appointment unless at the time of such acceptance such successor Trustee shall
be eligible under this
Article and qualified under Section 310(b) of the Trust Indenture
Act.

      

      Section
7.10.
Successor Trustee By Merger, Etc. If the Trustee consolidates with, merges or converts
into, or transfers all or substantially all of its corporate trust business to,
another corporation or national banking association, the resulting, surviving or
transferee corporation or national banking association without any further act shall be the
successor Trustee with the same effect as if the successor Trustee had been
named as the Trustee herein.

      

      Section
7.11.
Eligibility. This Indenture shall always have a
Trustee who satisfies the requirements of Trust
Indenture Act Section
310(a). The Trustee shall have a combined capital and surplus of at least
$25,000,000 as set forth in its most recent published annual report of
condition.

      

      Section
7.12.
Money Held in Trust. The Trustee shall not be liable
for interest on any money received by it except as the
Trustee may agree in writing

       

       

      
        
          
          

        

        
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      with the Company. Money held in trust by
the Trustee need not be segregated from other funds except to the extent
required by law and except for money held in trust under Article 8 of this
Indenture.

      

      

      ARTICLE
8

      

      SATISFACTION
AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS

      

      Section
8.01.
Satisfaction and Discharge of Indenture. If at any time (a) the Company shall have paid or caused to
be paid the Principal of and interest on all the Securities of any series
outstanding hereunder (other than Securities of such series which have been destroyed, lost
or stolen and which have been replaced or paid as provided in Section 2.08) as
and when the same shall have become due and payable, or (b) the Company shall
have delivered to the Trustee for cancellation all Securities of any series theretofore
authenticated (other than any Securities of such series which shall have been
destroyed, lost or stolen and which shall have been replaced or paid as provided
in Section 2.08) or (c) (i) all the securities of such series not theretofore delivered to the Trustee for
cancellation shall have become due and payable, or are by their terms to become
due and payable within one year or are to be called for redemption within one
year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and
(ii) the Company shall have irrevocably deposited or caused to be deposited with
the Trustee as trust funds the entire amount in cash (other than moneys repaid
by the Trustee or any paying agent to the Company in accordance with Section 8.04) or U.S.
Government Obligations, maturing as to principal and interest in such amounts
and at such times as will insure (without consideration of the reinvestment of
such interest) the availability of cash, or a combination thereof, sufficient to pay at maturity or upon
redemption all Securities of such series (other than any Securities of such
series which shall have been destroyed, lost or stolen and which shall have been
replaced or paid as provided in Section 2.08) not theretofore delivered to the Trustee for
cancellation, including principal and interest due or to become due on or prior
to such date of maturity or redemption as the case may be, and if, in any such
case, the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with
respect to Securities of such series, then this Indenture shall cease to be of
further effect with respect to Securities of such series (except as to (i)
rights of registration of transfer and exchange of securities of such series, and the
Company’s right of optional redemption, if any,
(ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities,
(iii) rights of holders to receive payments of principal thereof and interest
thereon, upon the original stated due dates therefor (but not upon
acceleration) and remaining rights of the holders to receive mandatory sinking
fund payments, if any, (iv) the rights, obligations and immunities of the
Trustee hereunder and (v) the rights of the Securityholders of such series as beneficiaries hereof with
respect to the property so deposited with

       

       

      
        
          
          

        

        
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      the Trustee payable to all or any of
them), and the Trustee, on demand of the Company accompanied by an
Officers’ Certificate and an Opinion of Counsel
and at the cost and expense of the Company, shall execute proper instruments
acknowledging such satisfaction of and discharging this Indenture
with respect to such series; provided, that the rights of Holders of the
Securities to receive amounts in respect of Principal of and interest on the
Securities held by them shall not be delayed longer than required by then-applicable mandatory rules or
policies of any securities exchange upon which the Securities are listed. The
Company agrees to reimburse the Trustee for any costs or expenses thereafter
reasonably and properly incurred and to compensate the Trustee for any services thereafter reasonably
and properly rendered by the Trustee in connection with this Indenture or the
Securities of such series.

      

      Section
8.02.
Application by Trustee of Funds Deposited for Payment of Securities.
Subject to Section 8.04,
all moneys (including U.S.
Government Obligations and the proceeds thereof)
deposited with the Trustee pursuant to Section 8.01, Section 8.05 or Section
8.06 shall be held in trust and applied by it to the payment, either directly or
through any paying agent to
the Holders of the particular Securities of such series for the payment or
redemption of which such moneys have been deposited with the Trustee, of all
sums due and to become due thereon for Principal and interest; but such money
need not be segregated from other funds except to the extent
required by law.

      

      Section
8.03.
Repayment of Moneys Held by Paying Agent. In connection with the satisfaction and discharge of
this Indenture with respect to Securities of any series, all moneys then held by
any paying agent under the
provisions of this Indenture with respect to such series of Securities shall,
upon demand of the Company, be repaid to it or paid to the Trustee and thereupon
such paying agent shall be released from all further liability with respect to
such moneys.

      

      Section
8.04.
Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two
Years. Any moneys deposited
with or paid to the Trustee or any paying agent for the payment of the
Principal of or interest on any Security of any series and not applied but
remaining unclaimed for two years after the date upon which such Principal or
interest shall have become due and payable, shall, upon the written request of the Company and unless
otherwise required by mandatory provisions of applicable escheat or abandoned or
unclaimed property law, be repaid to the Company by the Trustee for such series
or such paying agent, and the Holder of the Security of such series shall, unless otherwise
required by mandatory provisions of applicable escheat or abandoned or unclaimed
property laws, thereafter look only to the Company for any payment which such
Holder may be entitled to collect, and all liability of the Trustee or any paying agent with respect
to such moneys shall thereupon cease.

       

       

      
        
          
          

        

        
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      Section
8.05.
Defeasance and Discharge of Indenture. The Company shall be deemed to have paid and shall
be discharged from any and all obligations in respect of the Securities of any
series, on the 123rd day after the deposit referred to in clause (i) hereof has
been made, and the
provisions of this Indenture shall no longer be in effect with respect to the
Securities of such series (and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging the same), except as to: (a) rights of
registration of transfer and exchange, and
the Company’s right of optional redemption, (b)
substitution of apparently mutilated, defaced, destroyed, lost or stolen
Securities, (c) rights of holders to receive payments of principal thereof and
interest thereon, upon the original stated due dates
therefor (but not upon acceleration), (d) the rights, obligations and immunities
of the Trustee hereunder and (e) the rights of the Securityholders of such
series as beneficiaries hereof with respect to the property so deposited with the Trustee payable to
all or any of them; provided that the following conditions shall have been
satisfied:

      

      (i) with reference to this provision the
Company has deposited or caused to be irrevocably deposited with the Trustee (or
another qualifying trustee
satisfying the requirements of Section 7.11) as trust funds in trust,
specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of the Securities of such series, (A) money in an amount, or (B)
U.S. Government Obligations which through the
payment of interest and principal in respect thereof in accordance with their
terms will provide not later than one day before the due date of any payment
referred to in subclause (x) or (y) of this clause (i) money in an amount, or (C) a combination thereof, sufficient, in
the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge without
consideration of the reinvestment of such interest and after payment of all
federal, state and local taxes or other charges and assessments in respect thereof payable by the Trustee
(x) the principal of, premium, if any, and each installment of interest on the
outstanding Securities of such series on the due dates thereof and (y) any
mandatory sinking fund payments or analogous payments applicable to the Securities of such series on the
day on which such payments are due and payable in accordance with the terms of
Securities of such series and the Indenture with respect to the Securities of
such series;

      

      (ii) the Company has delivered to the
Trustee (A) either (x) an
Opinion of Counsel to the effect that Holders of Securities of such series will
not recognize income, gain or loss for federal income tax purposes as a result
of the Company’s exercise of its option under this
Section 8.05 and will be subject to federal income tax on the
same amount and in the same manner and at the same times as would have been the
case if such

       

       

      
        
          
          

        

        
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      deposit, defeasance and
discharge had not occurred,
which Opinion of Counsel must be based upon a ruling of the Internal Revenue
Service to the same effect or a change in applicable federal income tax law or
related treasury regulations after the date of this Indenture or (y) a ruling
directed to the Trustee received from the
Internal Revenue Service to the same effect as the aforementioned Opinion of
Counsel and (B) an Opinion of Counsel to the effect that the creation of the
defeasance trust does not violate the Investment Company Act of 1940 and after the passage of 123 days
following the deposit, the trust fund will not be subject to the effect of
Section 547 of the U.S. Bankruptcy Code or Section 15 of the New York Debtor and
Creditor Law;

      

      (iii) immediately after giving effect to
such deposit on a pro forma
basis, no Event of Default, or event that after the giving of notice or lapse of
time or both would become an Event of Default, shall have occurred and be
continuing on the date of such deposit or during the period ending on the
123rd day after the date of such deposit,
and such deposit shall not result in a breach or violation of, or constitute a
default under, any other agreement or instrument to which the Company is a party
or by which the Company is bound;

      

      (iv) if at such time the Securities of such series are
listed on a national securities exchange, the Company has delivered to the
Trustee an Opinion of Counsel to the effect that the Securities of such series
will not be delisted as a result of such deposit, defeasance and discharge;

      

      (v) the Company shall have delivered to the
Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent to the defeasance and discharge under
this Section have been complied with; and

      

      (vi) if the Securities of such series are to be
redeemed prior to the final maturity thereof (other than from mandatory sinking
fund payments or analogous payments), notice of such redemption shall have been
duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have
been made.

      

      Section
8.06.
Defeasance of Certain Obligations. The Company may omit to comply with any term, provision
or condition set forth in, and this Indenture will no longer be in effect with
respect to, any covenant established pursuant to Section 2.03(r) and clause (c)
(with respect to any covenants established pursuant to Section 2.03(r)) and clause (f) of Section
6.01 shall be deemed not to be an Event of Default with respect to Securities of
any series, if

       

       

      
        
          
          

        

        
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      (a) with reference to this Section 8.06, the
Company has deposited or caused to be irrevocably deposited with the Trustee (or
another qualifying trustee satisfying the requirements of Section 7.11) as trust
funds in trust, specifically pledged as security for, and dedicated solely
to, the benefit of the Holders of the Securities of such series and the
Indenture with respect to the Securities of such series, (i) money in an amount
or (ii) U.S. Government Obligations which through the payment of interest and principal in respect
thereof in accordance with their terms will provide not later than one day
before the due dates thereof or earlier redemption (irrevocably provided for
under agreements satisfactory to the Trustee), as the case may be,
of any payment referred to in subclause (x)
or (y) of this clause (a) money in an amount, or (iii) a combination thereof,
sufficient, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and
discharge without consideration of the reinvestment of such interest and after
payment of all federal, state and local taxes or other charges and assessments
in respect thereof payable by the Trustee (x) the principal of, premium, if any, and each
installment of interest on the outstanding Securities of such series on the due
date thereof or earlier redemption (irrevocably provided for under arrangements
satisfactory to the Trustee), as the case may be, and (y) any mandatory sinking fund payments or analogous
payments applicable to the Securities of such series and the Indenture with
respect to the Securities of such series on the day on which such payments are
due and payable in accordance with the terms of the Indenture and of Securities of such series and
the Indenture with respect to the Securities of such series;

      

      (b) the Company has delivered to the Trustee
(i) an Opinion of Counsel to the effect that Holders of Securities of such
series will not recognize income, gain or loss for federal income tax purposes
as a result of the Company’s exercise of its option under
this Section 8.06 and will be subject to
federal income tax on the same amount and in the same manner and at the same
times as would have been the case if such deposit and defeasance had not
occurred and (ii) an Opinion of Counsel to the effect that the creation of the defeasance trust does not
violate the Investment Company Act of 1940 and after the passage of 123 days
following the deposit, the trust fund will not be subject to the effect of
Section 547 of the U.S. Bankruptcy Code or Section 15 of the New York Debtor and Creditor
Law;

      

      (c) immediately after giving effect to such
deposit on a pro forma basis, no Event of Default, or event that after the
giving of notice or lapse of time or both would become an Event of Default,
shall have occurred and be continuing on the date of such deposit or
during the period ending on the 123rd day after the date of such deposit, and
such deposit shall not result in a breach or violation of, or constitute a
default under, any other agreement or instrument to which the Company is a party or by which the Company
is bound;

       

       

      
        
          
          

        

        
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      (d) if at such time the Securities of such
series are listed on a national securities exchange, the Company has delivered
to the Trustee an Opinion of Counsel to the effect that the Securities of such
series will not be delisted as a result of such deposit, defeasance and discharge;
and

      

      (e) the Company shall have delivered to the
Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent to the defeasance under this Section
have been complied with.

      

      Section
8.07.
Reinstatement. If the Trustee or paying agent is unable
to apply any monies or U.S. Government
Obligations in accordance with Article 8 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 Company’s obligations under this Indenture and
the Securities shall be revived and reinstated as though no deposit had occurred
pursuant to this Article until such time as the Trustee or paying agent is permitted to apply all such
monies or U.S. Government Obligations in accordance with Article 8; provided,
however, that if the
Company has made any payment of Principal of or interest on any Securities
because of the reinstatement of its obligations, the Company shall be subrogated to
the rights of the Holders of such Securities to receive such payment from the
monies or U.S. Government Obligations held by the Trustee or paying
agent.

      

      Section
8.08. Indemnity. The Company shall pay and indemnify
the Trustee (or other qualifying trustee,
collectively for purposes of this Section 8.08 and Section 8.02, the
“Trustee”) against any tax, fee or other charge,
imposed on or assessed against the U.S. Government Obligations deposited
pursuant to Section 8.01, 8.05 or 8.06 or the principal or
interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of the Securities and any
coupons appertaining thereto.

      

      Section
8.09. Excess
Funds. Anything in this Article 8 to the
contrary notwithstanding, the Trustee shall
deliver or pay to the Company from time to time upon request of the Company, any
money or U.S. Government Obligations (or other property and any proceeds
therefrom) held by it as
provided in Section 8.01, 8.05 or 8.06 which, in the opinion of a nationally
recognized firm of Independent Public Accountants expressed in a written
certification thereof delivered to the Trustee, are in excess of the amount
thereof which would then be required to be deposited to effect a
discharge or defeasance, as applicable, in accordance with this Article
8.

      

      Section
8.10. Qualifying
Trustee. Any trustee appointed pursuant
to Section 8.05 or 8.06 for the purpose of
holding money or U.S. Government Obligations deposited pursuant to such Sections
shall be appointed under an

       

       

      
        
          
          

        

        
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      agreement in form acceptable to the
Trustee and shall provide to the Trustee a certificate, upon which certificate the
Trustee shall be entitled to conclusively rely, that all conditions precedent
provided for herein to the related defeasance have been complied with. In no
event shall the Trustee be liable for any acts or omissions of said trustee.

      

      

      ARTICLE
9

      

      AMENDMENTS, SUPPLEMENTS
AND WAIVERS

      

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

      

      (a) to cure any ambiguity, defect or
inconsistency in this Indenture; provided that such amendments or supplements
shall not materially and adversely affect the interests of the
Holders;

      

      
        (b)  to comply with Article
5;

      

      

      (c) to comply with any requirements of the
Commission in connection with the qualification of this Indenture under the
Trust Indenture Act;

      

      (d) to evidence and provide for the
acceptance of appointment hereunder with respect to the Securities of any or all
series by a successor
Trustee 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
7.09;

      

      (e) to establish the form or forms or terms
of Securities of any series or of the coupons appertaining to such Securities as
permitted by Section 2.03;

      

      (f) to provide for uncertificated or
Unregistered Securities and to make all appropriate changes for such purpose;
and

      

      (g) to make any change that does not
materially and adversely affect the rights of any Holder.

      

      Section
9.02.
With Consent of Holders. Subject to Sections 6.04 and
6.07, without prior notice to any Holders, the
Company and the Trustee may amend this Indenture and the Securities of any
series with the written consent of the Holders of a majority in principal amount
of the outstanding Securities of all series

       

       

      
        
          
          

        

        
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      affected by such amendment (all such
series voting together as a single class), and the Holders of a majority in
principal amount of the outstanding Securities of all series affected thereby
(all such series voting together as a single class) by written notice to the Trustee may waive future
compliance by the Company with any provision of this Indenture or the Securities
of such series.

      

      Notwithstanding the provisions of this
Section 9.02, without the consent of each Holder affected thereby, an amendment
or waiver, including a
waiver pursuant to Section 6.04, may not:

      

      (a) change the stated maturity of the
Principal of, or any sinking fund obligation or any installment of interest on,
such Holder’s Security,

      

      (b) reduce the Principal amount thereof or
the rate of interest
thereon (including any amount in respect of original issue
discount);

      

      (c) reduce the above stated percentage of
outstanding Securities the consent of whose holders is necessary to modify or
amend the Indenture with respect to the Securities of the relevant series;
and

      

      (d) reduce the percentage in principal
amount of outstanding Securities of the relevant series the consent of whose
Holders is required for any supplemental indenture or for any waiver of
compliance with certain provisions of this Indenture or certain
Defaults and their consequences provided for in
this Indenture.

      

      A supplemental indenture which 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 Holders of Securities of such series with respect to such
covenant or provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series or of the coupons
appertaining to such
Securities.

      

      It shall not be necessary for the
consent of any Holder 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.

      

      After an amendment, supplement or waiver
under this Section 9.02 becomes effective, the Company shall give to the Holders
affected thereby a notice briefly describing the amendment, supplement or
waiver. The Company will mail supplemental indentures to Holders upon request. Any failure
of the Company to mail such notice, or any defect therein, shall not, however,
in any way impair or affect the validity of any such supplemental indenture or
waiver.

      

       

      
        
          
          

        

        
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      Section
9.03.
Revocation and Effect of Consent. Until an amendment 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 Security of the consenting Holder, 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 its
Security or portion of its Security. Such revocation shall be effective only if
the Trustee receives the notice of revocation before the date the amendment,
supplement or waiver becomes effective. An amendment, supplement or waiver shall become effective with
respect to any Securities affected thereby on receipt by the Trustee of written
consents from the requisite Holders of outstanding Securities affected
thereby.

      

      The Company may, but shall not be
obligated to, fix a record
date (which may be not less than five nor more than 60 days prior to the
solicitation of consents) for the purpose of determining the Holders of the
Securities of any series affected entitled to consent to any amendment,
supplement or waiver. If a record date is fixed, then,
notwithstanding the immediately preceding paragraph, those Persons who were such
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 such Holders after
such record date. No such consent shall be valid or effective for more than 90
days after such record date.

      

      After an amendment, supplement or
waiver becomes effective
with respect to the Securities of any series affected thereby, it shall bind
every Holder of such Securities unless it is of the type described in any of
clauses (a) through (d) of Section 9.02. In case of an amendment or waiver
of the type described in clauses (a)
through (d) of Section 9.02, the amendment or waiver shall bind each such Holder
who has consented to it and every subsequent Holder of a Security that evidences
the same indebtedness as the Security of the consenting Holder.

      

      Section
9.04.
Notation on or Exchange of Securities. If an amendment, supplement or waiver changes the terms
of any Security, the Trustee may require the Holder thereof to deliver it to the
Trustee. The Trustee may place an appropriate notation on the Security about the
changed terms and return it to the Holder and the Trustee may place an appropriate notation on
any Security of such series thereafter authenticated. Alternatively, if the
Company or the Trustee so determines, the Company in exchange for the Security
shall issue and the Trustee shall authenticate a new Security of the same series and tenor that
reflects the changed terms.

      

      Section
9.05.
Trustee to Sign Amendments, Etc. The Trustee shall be entitled to receive, and shall be fully
protected in relying upon, an Opinion of Counsel stating that the execution of
any amendment, supplement
or waiver

       

       

      
        
          
          

        

        
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      authorized pursuant to this Article 9 is
authorized or permitted by this Indenture, stating that all requisite consents
have been obtained or that no consents are required and stating that such
supplemental indenture constitutes the legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, subject to customary
exceptions. The Trustee may, but shall not be obligated to, execute any such
amendment, supplement or waiver that affects the Trustee’s own rights, duties or immunities under this
Indenture or otherwise.

      

      Section
9.06.
Conformity with Trust Indenture Act. Every supplemental indenture executed pursuant to this
Article 9 shall conform to the requirements of the Trust Indenture Act as then
in effect.

      

      

      ARTICLE
10

      

      MISCELLANEOUS

      

      Section
10.01.
Trust Indenture Act of 1939. This Indenture shall incorporate and be governed by the
provisions of the Trust Indenture Act that are required to be part of and to
govern indentures qualified under the Trust Indenture Act.

      

      Section
10.02.
Notices. Any notice or communication shall
be sufficiently given if written and (a) if
delivered in person when received or (b) if mailed by first class mail 5 days
after mailing, or (c) as between the Company and the Trustee if sent by
facsimile transmission, when transmission is confirmed, in each case addressed
as follows:

      

      if to the Company:

      

      Ruby Tuesday,
Inc.

      150 West Church
Avenue

      Maryville, TN 37801

      Telecopy: (865)
379-6826

      Attention: Scarlett
May

      

      if to the Trustee:

      

      

      
 

      

      

      The Company or the Trustee by written
notice to the other may designate additional or different addresses for
subsequent notices or communications.

       

       

      
        
          
          

        

        
          55

          
            

          

        

        
          
          

        

      

       

      
 

      

      Any notice or communication shall be
sufficiently given to Holders of any Unregistered Securities, by publication at
least once in an Authorized Newspaper in The City of New York, or with respect
to any Security the
interest on which is based on the offered quotations in the interbank Eurodollar
market for dollar deposits at least once in an Authorized Newspaper in London,
and by mailing to the Holders thereof who have filed their names and addresses
with the Trustee pursuant to Section 313(c)(2)
of the Trust Indenture Act at such addresses as were so furnished to the Trustee
and to Holders of Registered Securities by mailing to such Holders at their
addresses as they shall appear on the Security Register. Notice mailed shall be sufficiently given
if so mailed within the time prescribed. Copies of any such communication or
notice to a Holder shall also be mailed to the Trustee and each Agent at the
same time.

      

      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. Except as otherwise provided in this Indenture,
if a notice or communication is mailed in the manner provided in
this Section 10.02, it is duly given, whether
or not the addressee receives it.

      

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

      

      In case it shall be impracticable to give notice as herein
contemplated, then such notification as shall be made with the approval of the
Trustee shall constitute a sufficient notification for every purpose
hereunder.

      

      Section
10.03.
Certificate and Opinion as to Conditions Precedent. Upon any request or application by the
Company to the Trustee to take any action under this Indenture, the Company
shall furnish to the Trustee:

      

      (a) an Officers’ Certificate stating that, in the
opinion of the signers, all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with; and

      

      (b) an Opinion of Counsel stating that, in
the opinion of such counsel, all such conditions precedent have been complied
with.

      

      Section
10.04.
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 the certificate required by Section 4.04) shall
include:

       

       

      
        
          
          

        

        
          56

          
            

          

        

        
          
          

        

      

       

      

      

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

      

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

      

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

      

      
        (d)  a statement as to whether or not, in the opinion of
each such person, such condition or covenant
has been complied with; provided, however, that, with respect to matters of fact,
an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public
officials.

      

      

      Section
10.05.
Evidence of Ownership. The Company, the Trustee and any agent of the Company or the
Trustee may deem and treat
the Holder of any Unregistered Security and the Holder of any coupon as the
absolute owner of such Unregistered Security or coupon (whether or not such
Unregistered Security or coupon shall be overdue) for the purpose of
receiving payment thereof or on account thereof
and for all other purposes, and neither the Company, the Trustee, nor any agent
of the Company or the Trustee shall be affected by any notice to the contrary.
The fact of the holding by any Holder of an Unregistered Security, and the identifying number of
such Security and the date of his holding the same, may be proved by the
production of such Security or by a certificate executed by any trust company,
bank, banker or recognized securities dealer wherever situated satisfactory to the Trustee, if such
certificate shall be deemed by the Trustee to be satisfactory. Each such
certificate shall be dated and shall state that on the date thereof a Security
bearing a specified identifying number was deposited with or
exhibited to such trust company, bank, banker or
recognized securities dealer by the person named in such certificate. Any such
certificate may be issued in respect of one or more Unregistered Securities
specified therein. The holding by the person named in any such certificate of any Unregistered
Securities specified therein shall be presumed to continue for a period of one
year from the date of such certificate unless at the time of any determination
of such holding (1) another certificate bearing a later date issued in respect of the same Securities
shall be produced or (2) the Security specified in such certificate shall be
produced by some other Person, or (3) the Security specified in such certificate
shall have ceased to be outstanding. Subject to Article 7, the fact and date of the execution of any
such instrument and the amount and numbers of Securities held by the Person so
executing such instrument may also be proven in accordance

       

       

      
        
          
          

        

        
          57

          
            

          

        

        
          
          

        

      

       

      

      

      with such reasonable rules and
regulations as may be prescribed by the Trustee or in any other manner which the
Trustee may deem sufficient.

      

      The Company, the Trustee and any agent
of the Company or the Trustee may deem and treat the person in
whose name any Registered Security shall be registered upon the Security
Register for such series as the absolute owner of such Registered Security
(whether or not such Registered Security shall be overdue and notwithstanding any notation of ownership or
other writing thereon) for the purpose of receiving payment of or on account of
the Principal of and, subject to the provisions of this Indenture, interest on
such Registered Security and for all other purposes; and neither the Company nor the Trustee nor
any agent of the Company or the Trustee shall be affected by any notice to the
contrary.

      

      Section
10.06.
Rules by Trustee, Paying Agent or Registrar. The Trustee may make reasonable rules for action by
or at a meeting of Holders. The Paying Agent or Registrar may make reasonable
rules for its functions.

      

      Section
10.07.
Payment Date Other Than a Business Day. Except as otherwise provided with respect to a
series of Securities, if
any date for payment of Principal or interest on any Security shall not be a
Business Day at any place of payment, then payment of Principal of or interest
on such Security, as the case may be, need not be made on such date, but may be
made on the next succeeding Business Day at
any place of payment with the same force and effect as if made on such date and
no interest shall accrue in respect of such payment for the period from and
after such date.

      

      Section
10.08.
Governing Law. The laws of the State of New York shall govern this Indenture and the
Securities.

      

      Section
10.09.
No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret
another indenture or loan or debt agreement of the Company or any Subsidiary of
the Company. Any such
indenture or agreement may not be used to interpret this
Indenture.

      

      Section
10.10.
Successors. All agreements of the Company in
this Indenture and the Securities shall bind
its successors. All agreements of the Trustee in this Indenture shall bind its
successors.

      

      Section
10.11.
Duplicate 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
10.12.
Separability. In case any provision in this Indenture
or in the Securities shall be invalid, illegal
or unenforceable, the validity, legality and

       

       

      
        
          
          

        

        
          58

          
            

          

        

        
          
          

        

      

       

      

      

      enforceability of the remaining
provisions shall not in any way be affected or impaired
thereby.

      

      Section
10.13.
Table of Contents, Headings, Etc. The Table of Contents 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 and provisions hereof.

      

      Section
10.14.
Incorporators, Stockholders,
Officers and Directors of Company Exempt from
Individual Liability. No
recourse under or upon any obligation, covenant or agreement
contained in this Indenture or any indenture supplemental hereto, or in any
Security or any coupons appertaining thereto, or because of any
indebtedness evidenced thereby, shall be had against any incorporator, as such
or against any past, present or future stockholder, officer, director or
employee, as such, of the Company or of any successor, either directly or through the Company or any
successor, under any rule of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable proceeding or
otherwise, all such liability being expressly waived and released by the acceptance of the Securities and the
coupons appertaining thereto by the holders thereof and as part of the
consideration for the issue of the Securities and the coupons appertaining
thereto.

      

      Section
10.15.
Judgment Currency. The Company agrees, to the fullest extent that it may effectively do so
under applicable law, that (a) if for the purpose of obtaining judgment in any
court it is necessary to convert the sum due in respect of the Principal of or
interest on 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 day on which final unappealable judgment is entered, unless such day is not
a Business Day, then, to the extent permitted by applicable law, 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 preceding the day on which final unappealable
judgment is entered and (b) its obligations under this Indenture to make payments in the Required
Currency (i) shall not be discharged or satisfied by any tender, or any recovery
pursuant to any judgment (whether or not entered in accordance with subsection
(a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of
the Required Currency expressed to be payable in respect of such payments, (ii)
shall be enforceable as an alternative or additional cause of action for the purpose of recovering
in the Required Currency the amount, if any, by which such actual receipt shall
fall

       

       

       

      
        
          
          

        

        
          59

          
            

          

        

        
          
          

        

      

      

      short of the full amount of the Required
Currency so expressed to be payable and (iii) shall not be affected by judgment
being obtained for any other sum due under this Indenture.

      

      

      

      

      

      

      

      
 

      
        
          
          

        

        
          60

          
            

          

        

        
          
          

        

      

      

      

      

      

      SIGNATURES

      

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

      
         

        
           

          
            	
                    (SEAL)

                     

                    Attest:

                  	 
      	
                    RUBY
      TUESDAY, INC.

                    as
      the Company

                  	 
	 
      	 
      	
                    By:

                  	 
      	 
	 	 	 	Name:	 
	 	 	 	Title:	 

          

          

          

          
            
              	
                      (SEAL)

                       

                      Attest:

                    	 
      	
                       

                       

                      as
      the Trustee

                    	 
	 	 	 	 
	 
      	 
      	
                      By:

                    	 
      	 
	 	 	 	Name:	 
	 	 	 	Title:	 

            

          

           

        

         

         

      

       

       

       

    

     61

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